Archive for the ‘EveningMBA’ Category

Minneapolis Named #4 City for Women Entrepreneurs

Tuesday, February 26th, 2013

It is no surprise that Minneapolis has been named one of the best cities for women entrepreneurs, according to a study conducted by NerdWallet, a financial literacy website. Here’s just a small sample of women entrepreneurs who’ve come out of the Opus College of Business and launched successful businesses.

(more…)

Good Design is Good (Fun)

Tuesday, February 12th, 2013

danz, medoraBlu Dot is an American design studio that creates home furnishings sold in fine design stores across the U.S. and internationally. It has won many national and international design awards, and its designs are included in the collections of numerous museums. Blu Dot is recognized for its inventive use of materials, playful sensibility and fabrication and assembly strategies determined by an economy of means. This sense of playfulness and irreverence extends to its marketing, too.

Graduate business students and alumni are invited to attend Master’s Pub with presenter Medora Danz, vice president of Blu Dot brand on Friday, February 22. Danz will discuss the company’s mission to bring good design for the masses, and the unique and pragmatic methods used to reach this goal. She will entertain attendees with a history of Blu Dot, its design process and its growth in the modern furniture market.

RSVP to attend »

Attendance is free, but advance registration is required. Please register by February 20.

Current Opus College of Business graduate students and alumni attending the event are encouraged to bring colleagues or friends considering a graduate business degree to experience the unique St. Thomas atmosphere and community.

Agenda
4:30 p.m.: Social time
5:15 p.m.: Presentation
5:45 p.m.: Q&A
6:00 p.m.: Social time

How an MBA Can Open New Doors

Monday, February 4th, 2013
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Having trouble opening new career doors? Consider the ways an MBA can help. (We had a great post  titled “Why You Should Get Your MBA.”) The upcoming UST MBA Forum, featuring Kaplan, helps MBA candidates learn more about opportunities to open new doors in their careers and personal lives and take the first step in preparing for the GMAT.

With a few weeks of winter still left ahead of us, it may seem like the fall semester lies far in the future.  However, now is the time to begin working on your application if you’d like to enroll in one of the Opus College of Business graduate programs this fall.

The UST MBA Forum is designed to help you learn about the graduate business options available at St. Thomas and provide insight into the application process.  (more…)

Opus Magnum Top 10 of 2012: #2

Thursday, January 17th, 2013

left-right-brainOur second-most popular post of 2012 in our Opus Magnum top ten countdown was by Evening UST MBA student Vitaly Demin, a strategy consultant at Eames Management Group and co-founder of the Russian technology blog Gridder.ru. Vitaly asked, “Is Success in Management a Right- or Left-Brain Strength?” He broke down his answer by looking at some pf the major players in the electronics industry and their success in the past year.

The era of left brain success is ending. It’s not as critical for B2B organizations because success in this space is mostly determined by professional relationships and pricing. B2C companies on the other hand deal with millions of consumers worldwide and that’s where left brain executives struggle the most. They don’t understand how consumers perceive companies and brands, and they never will because that’s simply how their minds operate. If all these left brain B2C companies don’t add right brain power to their executive tier, we will soon see more business failures than ever before because the new era of right brain management is coming.

Opus Magnum Top 10 of 2012: #3

Wednesday, January 16th, 2013

In our top ten countdown of  most popular Opus Magnum Posts of 2012, our #3 post wss by Craig Pladson, M.B.A. ’10., who made a great argument of “Why You Should Get Your MBA.”

I didn’t get my MBA to say I got my MBA. I didn’t get my MBA to make more money. One reason I did decide to pursue my MBA was to earn credibility among my colleagues and leverage it in the future to open as many doors as possible. The notoriety of getting an MBA can be self-served by the person who got it (e.g., putting “MBA” in their e-mail signature, hanging their degree in their cube). People’s obsession with making more money after getting an MBA lose track of what really allows people to make more money. You don’t make more money because you have your MBA, you make more money because you’re adding more value to your organization and your boss recognizes this.

You can follow Craig on Twitter @craigpladson and read his blog.

Opus Magnum Top 10 of 2012: #7

Thursday, January 10th, 2013

As the new year starts off, we’re looking back at the ten most popular posts on Opus Magnum from 2012. Today we’re down to #7, which takes us back to a big day for the Opus College of Business this year, when the UST MBA Program Earned its Top 25 Percent Ranking.

 The Full-time UST MBA program vaulted from being previously unranked to being ranked among the top 25 percent of the nation’s accredited business schools, as published by U.S. News & World Report.

This was the first opportunity for the Opus College of Business to be ranked by U.S. News because the news outlet only considers schools that hold accreditation from the Association to Advance Collegiate Schools of Business (AACSB) International. UST’s Opus College of Business gained that accreditation in December 2010.

“We always believed we had an outstanding business school but there wasn’t a good way to demonstrate that,” commented Dr. Christopher Puto, dean and holder of the Opus Distinguished Chair in Marketing. “To move from being unranked to the top 25 percent is a wonderful affirmation. This initial ranking recognizes the efforts of our faculty, staff, students and benefactors.  I could not be more grateful or proud of what they have accomplished.”

Read the original post.

Q & A With Michele Kelm-Helgen ’83 M.B.A.: Building the ‘People’s Stadium’

Tuesday, December 4th, 2012

After yesterday’s showdown between the Vikings and the Packers at Lambeau Field, a football landmark, we thought it appropriate to share how the Vikings’ new stadium will be developing with the influence of Michele Kelm-Helgen ’83 M.B.A., chair of the Minnesota Sports Facility Authority. This interview was originally published in B. Magazine.

BY 

What are your responsibilities as chair and the only full-time member of the Minnesota Sports Facility Authority?

As chair, I primarily run the meetings of the authority. We meet every three weeks. We’re responsible for all contracts and for managing the process of constructing and operating the building. In all key design and construction decisions, the authority and the Vikings have joint sign-off, so I need to build consensus. The city of Minneapolis is also a major player. It has an implementation committee that is advisory on all exterior elements. There are three subcommittees: design, planning and stakeholder experience, which deals with how the stadium fits in with the neighborhood and which considers issues such as parking and transportation.

I work with outside groups, so I’m a representative to the city, to the downtown business committee, to the general public. I’m a communicator who has to relay how the project is progressing. I do lots of listening and attend public meetings to hear reactions to plans. This is a statewide facility. People from all over the state are interested in it.

The big difference between this facility and the Twins stadium is that this is being built as a multipurpose facility. The Vikings only have 10 games a year here, and the facility will operate 365 days a year. The public uses the Metrodome a lot: the Gophers baseball team uses it, it’s used for motocross, it’s used for state high school leagues. My job is to build a people’s stadium. The Vikings will make sure it’s done to their specifications and to meet NFL guidelines. In general, the MSFA needs to make sure the building is done on time and under budget.

Michele Kelm-Helgen

You chaired a committee that oversaw school boundary changes in eastern Carver County. How does your experience handling a very emotional transition like that help you in your current role?

When I was in the East Carver County School District, I started out chairing the boundary committee and later served for eight years as the school board chair. During that time, we built three elementary schools, a middle school, a high school addition and around the time I left we were starting a new high school. All of those building projects changed boundaries. It became apparent that the most important thing was to make sure the process was open and transparent. It was important that people felt they had the opportunity to be heard and had a chance to react. You’ll never make 100 percent of the people happy, but if those who disagree with the decision feel the process was fair, that they had the opportunity to be heard, and that they knew about things ahead of time, it makes the decision more palatable.

Process is important today with the neighborhood and business community. This is a really big project with lots of public money. There’s lots of private money, too, but it uses a lot of public money. People want to know what’s happening.

During the short time the MSFA has existed, what conflicts have you faced, and what conflicts do you think you’ll face in the upcoming years?

So far, major decisions have been made, but I haven’t experienced a great deal of conflict. The work with the Vikings has been smooth. There will be differences among the team, the public, and city and neighborhood interests. We have processes in place to find ways to reach consensus. The city committee and subcommittees will be key to interactions with the neighbor-hood.

The MSFA is charged with building a “people’s stadium” that will be located in Minneapolis and heavily used by the Vikings. How do you balance the interests of the state, the Vikings and the city of Minneapolis?

In part, the legislation gave us a good guidepost. It designated a budget, a basic program and what’s to be included in the stadium. It specified that operations are to be done by the authority. Those specifications have already balanced these different interests. In addition, Minneapolis appoints two members to the authority, and the governor appoints three, including the chair. This gives people a voice. Some key decisions, such as decisions about the exterior of the building, require four-fifths of the authority to agree on the decision, so at least one city member has to agree with the rest of the committee. This requires joint decision making. There are also minimum design standards in place. Decisions about the architect, the construction company and the space need to be agreed to by the Vikings and the authority. The governor looked to me, because, for much of my career – when I served on the school board, as chief of staff for the Minnesota Senate and as deputy chief of staff – I was a negotiator, responsible for reaching collaborative decisions. This is kind of a microcosm of that. Overall, things have been set up with a balance of power.

You have a strong background in business and politics, but this seems to be your first venture into sports. How do you chair the MSFA as an outsider to the world of sports?

Like most Minnesotans, I have been a Vikings fan, but the extent of my involvement in sports has been as a fan. I’ve never worked in the sport arena. I have had a lot of involvement with budgets and construction. I oversaw more than $100 million in construction when I was chair of the school board. As chief of staff for the Minnesota Senate, I was involved with policy and budget decisions, and as deputy chief of staff I was putting together a $34 billion state budget. I was involved in the stadium legislation itself. I also have an M.B.A. from St. Thomas. The governor was mostly interested in my financial background and my experience with budgets, including my ability to understand them and read a large spreadsheet. The Vikings will make sure the sports side is covered. Our job is to make sure that public resources are protected and public events are provided for – all the things the public has come to expect from the Metrodome.

The new stadium has myriad issues related to it, ranging from major questions, such as who will have naming rights and whether it will have a retractable roof, to details, such as acoustics and whether fan noise will make it hard for players to hear each other or their coaches. What issue has been the most surprising to you so far?

The issue that surprised me most is the retractable roof. The way the legislation was done, this was never included in the budget. The language said that if there were savings they would be used on a “retractable feature.” This has been interpreted by the public as “We’ll have costs savings and a retractable roof.” I’m surprised and concerned. A retractable roof costs around $180 million. I hope for a retractable feature, but the budget is $975 million. I don’t see how we can have a retractable roof. Maybe a retractable wall or window or skylight system, but not a full-blown roof like at Lucas Oil in Indianapolis. There is little likelihood that there will be that kind of savings. I’m surprised people picked up on that, and I worry that people are expecting it. Expectations are important. Usually when I explain the situation, people get it.

How will you celebrate a successful stadium opening in 2016?

I haven’t thought of that. Hopefully the public will see this as a thing to be proud of. This site, which has never really attracted development, has to become part of the neighborhood. The stadium’s exterior is important, because it connects the stadium to downtown. It can’t be an island or a barrier. People will measure success by [how well the stadium becomes a part of the neighborhood], and we’d celebrate that.

Anything else you would like to mention?

There’s one more thing I’d like to note: St. Thomas clearly is a major presence in downtown. It has done a great deal to revitalize the area that it’s in. I would see that as the kind of thing we want to do, to become part of the community. I see this as an opportunity for St. Thomas to be involved, for students and programs to have a connection. I’d appreciate its input. I think about key areas of the city and what’s made a difference. I’ve thought about St. Thomas and how we could learn from it.

Read more from B. Magazine.

4 Ways To Make Your MBA Application Stand Out

Wednesday, November 7th, 2012

Make your file stand outDeadlines are approaching–and in some cases passed–for B-school applications. The Evening UST MBA‘s priority deadline for Spring 2013 admissions was November 1, applications are still welcomed and reviewed once the file is complete. So, as you’re working on your application, how can you stand out (in a good way) to get a spot in the class?

We’ve got an old series of posts here on Opus Magnum with application and admissions advice called “Take it From Me” with some of the bad examples and recently, Business Insider published a great list of 4 Ways To Make Your MBA Application Stand Out.

One of the biggest mistakes candidates make is that “they act on what they perceive the committees want rather than reveal what’s interesting within themselves,” says Jeremy Shinewald, author of “The Complete Start-to-Finish MBA Admissions Guide“ and founder of mbaMission, a consulting firm for business school candidates. ”They try to become something that they’re not to impress the committee.” (more…)

Coach app wins at the Fowler Business Concept Challenge

Thursday, October 25th, 2012

This post is by Jeff Pesek / TECHdotMN Co-founder and originally appeared there last Friday.


Video source: Fowler Challenge

The fourth annual Fowler Business Concept Challenge both commenced and consummated [last Friday], with Aaron Engler’s ‘Coach app’ coming in at first place on the graduate level, earning the MBA student a $10k scholarship award.

Described as a “the restaurant managers playbook,” Engler’s idea is to provide chain restaurants with a mobile business intelligence system that aggregates all the pertinent information they need to know to optimize their venue — POS, labor, sales, product spec, service times, etc. (more…)

I Feel Good About Pursuing This MBA

Tuesday, October 23rd, 2012

Not sure about what you’ve gotten yourself into with this MBA thing? You’re not alone. KJ Brooke is a veteran of the southern California hospitality business and is in her last year of an MBA program. People she talks to are often skeptical about her pursuit of an MBA, she says in an excellent essay for The Billfold, giving her looks “of bewilderment and awe, with a little bit of pity thrown in.”

But Brooke feels she’s made the right choice, which she defends with intelligence and wit in the article. Sure, she has little time for a social life, is buried with homework and puts up with resentment from her current co-workers; but when she’s done, she says, she’ll have a big bundle of new advantages, including increased self-confidence, comfort with numbers and  better earnings potential. And  if nothing else, she’s confident that she’ll never be caught flat-footed “by any ridiculous question thrown my way from a witty student or cocky boss.”

Read the full essay.