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Clark Gregor

Local business, Newsroom

Sorry Packers fans, Minnesota’s got Wisconsin beat

“Wisconsin may have better football teams than Minnesota, but the Badger State is eating our dust when it comes to the economy,” the  Minnesota Department of Employment and Economic Development wrote on their blog last week.

Minnesota Public Radio’s Paul Tosto posted some interesting statistics and charts of key economic data from the two states and concluded Minnesota did a much better job than Wisconsin of keeping people employed during the recession and putting them back to work in the recovery.

Read more: In the economic game, Minnesota is pulling away from Wisconsin.

Global Business, leadership, Newsroom, OCB Commentary

Humanities or STEM? What’s best in an MBA program?

This week, staff from the Opus College of Business and more than 100 other business schools from around the world gathered at the GMAC Annual Conference in Vancouver, BC, Canada to discuss graduate management education’s rapidly changing landscape.

Meanwhile, on the other side of the continent, in Washington, D.C., lawmakers turned a spotlight on re-focusing the country on maintaining national excellence in the humanities and social sciences—and how failure to do so will have consequences at home and abroad for the future of American education, security, and competitiveness—by releasing a report from the American Academy of Arts and Sciences
Commission on the Humanities and Social Sciences titled, The Heart of the Matter.

How do these two events come together? At the GMAC conference closing keynote, David Bach, the Senior Associate Dean for Executive MBA and Global Programs at Yale School of Business put it this way: we need a change in “T-shaped leadership.” Continue Reading

Centers, Entrepreneurship, Newsroom

Small Business Week Marks 50 Years

This year marks the 50th anniversary of National Small Business Week.  Although things have certainly changed since President Kennedy signed the first Presidential Proclamation in 1963, one thing that hasn’t changed is America’s entrepreneurial spirit and the important role that small business owners play in our economy and our communities.

http://youtu.be/g0l2hq4YgFE

Read more on the Small Business Administration blog »

Local business, Newsroom, social media, UST MBC

Why get an MBC (or MBA)? Here’s one student’s view.

milanowski porterEarlier this spring, Master of Business Communication student Christina Milanowski was named Minnesota PRSA’s 2012 Young Professional Award winner. She was recently interviewed by Arik Hanson for his “PR Rock Stars” series and discussed why she decided to get her degree, and, what she hopes to achieve as a result:

Pursuing a masters in business communications (technically an MBC) has been one of the most impactful moves I’ve made in my life. The spark you get from sitting in a classroom and collaborating with your classmates (or finishing your homework just in time) is unmatched in the workplace setting. At St. Thomas, MBA and MBC students often share classes, allowing me to learn alongside and from working professionals much different than me – engineers, accountants, HR benefits managers and medical device sales reps. Continue Reading

Admissions, Admissions, Newsroom

Getting ready for the GMAT: Why Preparation Beats Practice

GMAT prep

One of the big components of an application to a business school program is the often-dreaded standardized test. The GMAT, for most applicants here, is by far the most-taken test. We often are asked about how to prepare for these tests and how much time to spend studying. Of course, the answer is different for every applicant, but there are some generalizations that apply. I often suggested planning on devoting about 100 hours to test preparation. The next question becomes: how should you spend those hours? Reading vocabulary cards, taking practice tests, studying algebra textbooks? The Bell Curves Blog recently posted some interesting advice that helps to provide an answer: Continue Reading

Entrepreneurship, leadership, Local business, Newsroom, OCB Alumni

Summer is festival season for MN – What is their economic impact?

The Aquatennial Fireworks '09Summer is here at last, it seems, and for many Minnesotans that means it is festival season. Lately I’ve heard Minnesota called the Land of 10,000 festivals, and it appears there’s something for everyone: art, beer, running, renaissance, Grand Old Day, the Aquatennial, the Irish Fair and, of course, the State Fair. Up north, Duluth has more than two dozen festivals. UST alumni have contributed a few to the mega mix of Minnesota festivals, like the Midwest Tomato Fest, now set for its third year on July 13.

How many festivals are there, actually, and what impact do all these events have on our state economy? MinnPost and Twin Cities Business recently sought to answer these questions and their article is worth a read. Here are a few snippets: Continue Reading

EveningMBA, Executive MBA, FTMBA, Health Care MBA, leadership, Local business, Newsroom, OCB Alumni, OCB Commentary, UST MBC

“Be part of a noble service” says UST Commencement Speaker Randall Hogan

IMG_1399.JPG (2)More than 250 students were hooded in the Graduate Business Commencement Ceremony on Saturday, May 25. Randall J. Hogan, chairman and CEO of Pentair, delivered the commencement address and told the graduates “You’re starting the next phase of your lives” and the two things you need to be successful are to “create your own future, and control your own destiny. Make sure you have a goal in mind, when opportunities present themselves, you will be bold enough to take them.” Continue Reading

Centers, Ethics, Events, FTMBA, Newsroom, Student Life

UST Business Teams Take Top Honors at National Business Ethics Case Competition

2013-05-10 10.27.01Graduate and undergraduate teams from the Opus College of Business each took home top honors at the Intercollegiate Business Ethics Case Competition (IBECC) in San Diego, California this month.

Each team selected a business ethics topic and described both the problem and a proposed solution before a panel of judges made up of practicing ethics and compliance professionals.

The UST MBA team, including Joseph Grodahl, Jay Rajararatnam, Kasey Grams and Sean Higgins, won first place in its division for the 30-minute full presentation, “Violent Video Games: Ethical Implications of an Acquisition.” The team also took first prize in the 90-second competition and was division runner-up in the 10-minute competition. The undergraduate team won first place in its division for the 90-second competition on the topic “Using Child Labor to Source Cocoa.” Team members were Alex Bearson, Veronica Flamo and Gabe Monson.

“Our two teams continued to demonstrate the powerful capability of our students to identify and solve ethical challenges in the marketplace,” said Christopher P. Puto, Ph.D., Dean and Opus Distinguished Chair of the Opus College of Business.

Read more about the competition in the UST Business Newsroom »

Centers, Ethics, Events, Newsroom

2013 Minnesota Business Ethics Award to Honor Minnesota Companies

Minnesota business and professional leaders will come together tomorrow to honor finalists and recipients for the 14th annual Minnesota Business Ethics Award (MBEA).

The finalists are:

  • Small-size category: Cresa Minneapolis/St. Paul;  Douglas Scientific; and  Latuff Brothers Auto Body
  • Mid-size category: Affinity Federal Credit Union;  Mintahoe Catering and Events; and  Premier Disability Services LLC
  • Large-size category: Cummins Power Generation; and St. Francis Regional Medical Center

The awards celebrate Minnesota businesses that exemplify and promote ethical conduct in the workplace, the marketplace and the community. Keynote speaker for the awards lunch will be Gregg Steinhafel, chairman and CEO of Target Corporation.

Learn more in the UST Newsroom.

Faculty, Newsroom

Going Out on a High Note

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.

11-093 MSA viewbook portraits“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.” Continue Reading