Welcome to the Spring 2012 online newsletter from the Carlson Global Institute! The academic year of 2011-12 continues to be exciting and successful. In January, over 200 graduate and undergraduate students directly experienced some part of the world through one of our Global Enrichment programs. Through our exchange partners, we welcomed 32 students from 14 countries to The Carlson School this spring. A new program focused on medical technology sent undergraduate students to South Africa for a fulfilling exposure to the promises and challenges of doing business in Africa.
The excitement reached new heights when the next dean of the Carlson School was announced. Professor Srilata Zaheer, a 20-year veteran of the Carlson School faculty, was selected as the new dean. Professor Zaheer is an expert in international business and committed to the global identity of the Carlson School. She has taught in our Global Executive MBA Programs in China and Poland. CGI looks forward to moving ahead with Professor Zaheer at the helm of the school. You can learn more about Dean Zaheer's appointment on our website.
Michael Houston, Associate Dean of Global Initiatives
Anne D'Angelo, Assistant Dean of Global Initiatives
In fulfillment of its mission, the UMN Center for International Business Education and Research (CIBER) is directly enhancing the quality of international education and research experiences for students in many ways, one of which is supporting undergraduate seniors who are writing theses on international business topics as part of the University Honors Program. The honors thesis, the capstone of the honors program, requires high-achieving students to synthesize the knowledge and skills they have gained throughout their undergraduate careers.
Six Carlson School honors students, whose research focuses on international business, have participated in a series of CIBER-sponsored research circles designed to provide a forum for presenting findings, sharing successes and challenges, and seeking tips from peers and faculty experts. Global thesis topics this year include microfinance in international markets, the costs and benefits of adopting the Euro, a comparison of the culture of problem-solving in American and Asian university students, a comparison of the financial risk preference of Chinese and U.S. consumers, private military corporations, and venture capital in Latin America. After a final research circle discussion in April, students will present their theses at a poster event at the Carlson School before submission in May.
To learn more about the University Honors Program visit www.honors.umn.edu.
It's no secret that international markets represent a significant growth opportunity for manufacturing companies. Enterprise Minnesota's 2011 State of Manufacturing survey showed that 56 percent of participating executives say they sell none of their product internationally. Of companies that do export, many sell in just one country. Firms need practical knowledge, guidance on developing partner and distributor relationships overseas, and assistance in making international growth a proactive strategy.
To address these needs, Enterprise Minnesota, a non-profit business consulting organization, and the Center for International Business Education and Research (CIBER) are co-hosting the three-month Global Market Strategy program at the Carlson School this spring. Seven companies from a range of industries - packaging machinery, tile installation, machining, medical device sterilization, and others - are participating. Planning tools help participants zero in on target international markets and identify key challenges. The program convenes experts to address the issues that companies say are most critical to their international growth. Coaches from the U.S. Commercial Service, the Carlson School, and Enterprise Minnesota also provide customized support to each company from February through April.
At the end of the program, companies present their export plans to their peers and a panel of global business experts. Participants walk away with a vetted international growth strategy and the knowledge to start implementing it. "What this plan does is take a strategic approach and let [companies] put some resources toward it. It's a strategic design, not a tactical approach," says Mary Connor, a business growth advisor for Enterprise Minnesota.
For Carlson School faculty David Bartlett and John Murray, coaching gives them hands-on experience and a connection to current challenges in international business. "It's great to see the enthusiasm of the companies we're working with as they grasp opportunities that international markets present," says Murray, an instructor in the marketing department. "These firms are really committed to making rapid progress."
For more detail on Global Market Strategy, please visit Enterprise Minnesota's website.
Did you know that the Carlson School has more than 50,000 alumni in over 70 countries? In an effort to increase the engagement of our global alumni, the Carlson School's Alumni Relations office, in partnership with the Carlson Global Institute and others, including the University's Global Programs and Strategy Alliance, Carlson's China Executive MBA program, and Vienna Executive MBA program, hosted two receptions last January in conjunction with two short-term graduate education abroad programs in Guangzhou and Shanghai, China. These events provided an unparalleled opportunity for current graduate students and global alumni to network.
Cultural Collaboration Workshop, March 28, 2012
Hosted by the Minnesota Trade Office, in collaboration with CIBER.
Time: 1:00-4:30 p.m.
Location: Carlson School, room 1-122
Register now »
Globalization: The Promise and the Challenge, April 10, 2012
The Heller-Hurwicz Economics Institute will present "Globalization: The Promise and The Challenge." This event will feature Ernesto Zedillo, director of the Yale Center for the Study of Globalization and former president of Mexico, and Timothy Kehoe, Distinguished McKnight University Professor and adviser to the Federal Bank of Minneapolis. This event is free and open to the public.
Time: 5:30â€“7:30 p.m.
Location: Ted Mann Concert Hall, University of Minnesota
For registration and more information, see Heller-Hurwicz Institute
Introduction to Chinese Language and Culture for Business, April 20, 2012
Learn Chinese in the Year of the Dragon! Join CIBER and the Confucius Institute for a half-day Chinese language and culture orientation.
Time: 8:30 a.m.-Noon, followed by lunch at the Tea House
Location: University International Center, room 101
Learn more and register now »
Middle East Roundtable Discussion: Arab Spring Update: North Africa Markets, April 26, 2012
Hosted by the Minnesota Trade Office, in partnership with CIBER. This "Doing Business in the Middle East" roundtable discussion addresses Arab Spring updates for North Africa Markets: Egypt, Morocco, Algeria, Tunisia, and Libya.
Time: 9:00-11:00 a.m., registration begins at 8:30 a.m.
Location: Carlson School, Herbert M Hanson, Jr. Hall, room 2-245
Learn more and register now »