Despite the threat of congress further changing the rules of our health care system, and a 16 day shutdown of the federal government, leaders across Minnesota and the Midwest have been working to increase the accessibility to insurance while improving patient care and reducing costs. So, instead of focusing on the political bloviating in Washington, let’s turn our attention to the opportunities being developed right here in Minnesota and in the greater University of St. Thomas community, where improvements have already changed the way patients receive new health care benefits. Daniel McLaughlin, M.H.A, the director of the UST Center for Health and Medical Affairs, shared his insight to the progressive nature of our evolving local health care models.
If you’re walking around in downtown Minneapolis it would be hard to miss the St. Thomas campus. Not because we have the biggest, or the tallest building downtown, but because each building has a distinctive look, thanks to their Kasota Limestone exterior. Sadly, it was reported last week in the Mankato Free Press that one of that city’s oldest businesses, Mankato Kasota Stone, “has closed as the recession-driven slowdown in construction hurt the market for local limestone.”
Mike Porter, director of the Master of Business Communication program noted that Kasota Limestone “certainly is a major element of the visual brand identity of the university.” He added that, “It facilitates the transfer of our brand to downtown.” True, especially when compared to the mostly metal and glass skyscrapers that make up the minneapolis skyline. Almost every building on the main campus in St. Paul is made with Kasota Limestone.
As people and businesses interact on the internet, knowing foreign laws and the philosophical and historical underpinnings for those laws becomes increasingly important. Opus College of Business Ethics and Business Law professor Susan Marsnik travels the world as one of the leading experts on comparative intellectual property law writing in the United States.
The Opus College of Business prides itself on the quality of its faculty. In keeping with this pride, two awards are presented annually to recognize faculty achievement.
The Julie Hays Teaching Award is given to an OCB faculty member for exemplary achievement in the classroom in the previous academic year. More than 30 faculty were nominated for the hays award this year, a sign of the passion our faculty have for teaching and engaging with their students.
Awarded since 2010, the Hays Award was presented today to Dr. Heino Beckmann. Beckmann announced earlier in the day his plans to retire after 28 years teaching in St Thomas’ Finance Department.
“As someone who views himself as a coach and mentor rather than a professor, Professor Beckmann pushes students intellectually, morally, and philosophically,” one student wrote. “One of the most interesting people I have ever met, he draws on his past experiences to not only teach us the subject, but to teach us how to become the best people we can be.”
When Kieran Folliard was planning to enter the crowded and notoriously fickle bar and restaurant business in downtown Minneapolis, he knew exactly what he wanted to create. He wanted to develop a landmark, beautiful and handcrafted building, reminiscent of the grand 18th-century public houses of the Dublin he remembered from his youth. Of course he spent time raising finance, arranging suppliers, hiring staff and developing budgets, but his heart – and most of his days – were invested in sitting at a dusty desk in the middle of the construction site working with local wood carvers and artisans to try to create a thing of beauty that would last 100 years. Would his customers even notice that this section was handcarved or the stained glass handmade?
How does one successfully navigate the process of moving from an individual contributor or team member to a first-time manager and leader? Which leadership characteristics and competencies promote positive and authentic leadership and which practices or attitudes can detract from an individual’s leadership potential? Moreover, how does one learn or develop leadership capabilities?
Last month, I had the pleasure of attending the first National Association of Asian MBAs (NAAMBA) event hosted on the University of St. Thomas Minneapolis campus in the Opus College of Business Schulze Auditorium. The event focused on topic that resonated with all attendees, is consistently on the minds of business professionals, and is interwoven throughout the UST MBA program (and many other MBA programs’) curriculum: leadership.
To spark the discussion, NAAMBA-Twin Cities invited Robert C. Barnett, adjunct faculty member in UST’s Organizational Learning and Development department and principal and senior fellow in management consulting at Robert Barnett Consulting, LLC and MDA Leadership Consulting, to share his extensive research and findings about leadership.
The European Union is once again facing a significant financial crisis as Cyprus has pushed Greece, Portugal, Italy and Spain from the headlines. How can such a small country – with fewer than one million citizens – have such a large impact on the global economy? The answer is complicated, much like the March 25 bailout agreement between the troika – the European Union, the International Monetary Fund and the European Central Bank (ECB).
The agreement with the Cypriot government paves way for Cyprus to receive a €10 billion bailout. In return, Cyprus has agreed to downsize its large financial sector and undertake a macroeconomic adjustment program that will require fiscal consolidation, structural reforms and privatizations (among other concessions). In return, the ECB will continue to provide emergency liquidity assistance to Cyprus banks.
Read the rest of this post in the UST Newsroom…
Lalith Samarakoon is professor and chair of the Department of Finance in the Opus College of Business. As a financial economist, Samarakoon has two decades of advisory experience in financial sector reforms and development, and public debt management. He teaches Global Finance Issues and Policy: Eurozone Debt Crisis.
Earlier this week, friend, colleague and fellow blogger Aaron Pearson asked me to speak to his class at the University of St. Thomas in Minneapolis. The topic? Corporate blogging. Something I know a thing or two about based on my personal experiences with this blog and the lessons I’ve put to good use for my clients.
I actually titled my presentation “Is corporate blogging dead?” I hope we all know the answer to that question. And yeah, I was having a little fun with the title. But, the fact remains that 28 percent of Fortune 500 companies have a public blog. Not a bad number. Especially considering we’re talking about the biggest of the big. What about the thousands of other blogs from midsized and small businesses out there? No doubt, those numbers are fairly large.
It has long been known that experience is the most powerful teacher. Leaders learn and grow when they immerse themselves in challenging situations. Yet, such situations involve considerable risk as well. New strategies must be invented. New paths charted. And leaders must overcome many obstacles – some external and some internal.
Dr. Steven Snyder, the Executive Fellow in Leadership in the Opus College of Business, is engaged in research that will further our understanding of organizational leadership, specifically how leaders grow through times of peril and adversity. Snyder has developed a conceptual framework for leadership under peril that he is currently testing in his role as an executive fellow. To determine the dimensions of leadership in practice, Snyder is interviewing a diverse group of high-level business executives and organizational leaders.
Navigate Forward and the Opus College of Business are hosting Snyder at their 4th Annual Author’s Breakfast on April 24. The event will run from 7:30 to 9:30 a.m. at the Metropolitan Ballroom in St. Louis Park. Contact us for an invitation to attend.
Unless you’ve been hiding under a rock for the last month, you know that a new pope was selected. As a business school at a Catholic University, we wondered how Pope Francis’ challenges as head of the Catholic Church relate to the challenges of any new CEO. “One of the things the new pope will have to deal with is a classic business mess — a multi-billion dollar conglomerate that has stumbled and is losing money and relevance,” noted Planet Money. We asked some of our faculty to weigh in and got some surprising answers, and discovered that UST has a direct influence on what the Church says about the “Vocation of the Business Leader.”
Professor Robert G. Kennedy from the Ethics and Business Law Department noted that while people are still trying to figure out the pope’s new priorities, he is not the CEO of the church, and the Vatican is not the headquarters of a global corporation.
“The pope is leader of the college of bishops,” said Kennedy. “And the church is more like a confederation of thousands of local organizations.” There are thousands of bishops around the world who make decisions about their individual dioceses, without running everything through the Vatican.
Kennedy noted that UST professor Michael Naughton, Moss Chair in Catholic Social Thought and director of the John A. Ryan Institute for Catholic Social Thought was the principal editor of a document, entitled Vocation of the Business Leader, issued last March by the Vatican’s Pontifical Council for Justice and Peace. Several other Opus College of Business faculty were on the drafting committee.
This publication forms the base of the church’s opinion about business. “In this document, the church, drawing from its rich social tradition, all but declared that ‘God loves businesses’ and offered concrete ways to bridge principle and practice,” explained Naughton in America Magazine.