BHP Professors Use Innovative Techniques In The Classroom

We often hear from alumni and parents asking about the BHP classroom experience and what new things students are doing in the program. This semester two BHP professors tried something new with their classes. Dr. Leigh McAlister, who teaches BHP Principles of Marketing, paired BHP alumni with students in her class for a day to coach them in their area of interest. And Dr. Ethan Burris, who teaches Organizational Behavior, an upper-division management class, paired his students with MBAs in a challenge to raise money for the Make-a-Wish Foundation.

Dr. McAlister: Connecting BHP students and alumni

Vivek Shah, partner at Consortium Finance and BHP alum, speaking with students interested in investment banking

Vivek Shah, a 2003 graduate of the program and chair of the BHP Advisory Board Mentoring Committee, was happy to help when he heard Dr. McAlister was looking to bring alumni from all career paths in to talk about how marketing relates to what they do. “We on the board are looking to find ways to increase the connection between alumni and students, and to play a larger role in helping students as needed,” said Shah.

BHP alumna and CTO at Tiff’s Treats Cookie Delivery in Austin, Jocelyn Coe Seever, speaking with students interested in consulting

The class was broken down into smaller groups and matched with an alumnus who is currently working in the student’s chosen field. Each group was asked to come up with a new product idea to meet the needs of some customer segment in their business. The second task was to write a positioning statement for that new product. Groups fragmented throughout the classroom and into the Atrium. Idea generation began and students listened closely.

Shah hopes to see interactions like this continue. “As for the future, I think we could see more professors finding interest with bringing students into the classroom,” he said. “We could also have guest speaker sessions where an alum gives a relevant lecture about a topic being taught in class but bringing a real world and real time vantage point. Hopefully we have just scratched the surface here.”

Dr. Burris: Pairing BHP students with MBAs

In Dr. Burris’ management class, students competed in a Donald Trump-esque ‘Apprentice’ like challenge. Each group, consisting of BHP students and MBA students from his Power and Politics elective, was tasked with raising enough money to fund one wish for the Make-A-Wish Foundation, about $5,000, in ten days.

Dr. Burris replicated a technique used by Wharton professor, Adam Grant, author of New York Times bestseller, Give and Take. Students were able to apply influence techniques to “real-life” situations when soliciting donations for Make-A-Wish. Pairing undergraduate students with MBA students added another element to the process, “It was a two-fold debrief,” said Burris. “On the one hand influence played a part in tactics and strategies of getting donations. Secondly, group members also had to influence each other, bringing high power and low power dynamics to the surface.”

After the ten-day challenge, the final outcome of all groups combined was $136,065 in donations for Make-A-Wish Foundation. Students used various approaches ranging from low cost options such as email and Facebook to high effort options like reaching out to family and previous employers. Some groups took a “divide and conquer” approach while others worked together as a cohesive team. “The winning group had one member who interned for Google connect Make-A-Wish with Google Grants,” said Burris. “They applied and will most assuredly secure the grant, which is worth $10K per month in ad words. They prorated it for the year.”

We are always excited to see this kind of innovation happening in the classroom, and appreciate that our professors are always finding ways to challenge the students more and expose them the all of the resources available to them while they are here at McCombs. Thank you to Dr. Burris and Dr. McAlister, and to all of the alumni who gave up a full day to be with our students. Those alumni involved were Vivek Shah, Betsy Greytok, Jocelyn Coe Seever, Allison Steinberg, Craig Wielansky and Maneesh Verma.

 

Yum! Brands’ Liz Williams Talks Tacos with BHP Students

Written by Amy Yu, BHP sophomore

Liz Williams, Chief Financial Officer of Taco Bell USA at Yum! Brands and a BHP alumna, visited BHP sophomores in their weekly Honors Lyceum course last Wednesday. Williams shared her wisdom and even brought free Doritos Locos Tacos coupons for everyone. With an undergraduate degree and MBA in marketing, Williams admits that her path to a CFO position at Taco Bell was not typical but says the marketing background has enriched her career.

Williams grew up in Iowa but fell in love with the University of Texas at Austin while on a college visit. While working towards a Business Honors and Marketing degree, she also found time to serve as president of the Texas Panhellenic Council and as a member of Student Government. She also interned at Dell when the company was still a “smaller start-up” with only a few employees and interns. After graduating in 1998, Williams stayed in Austin to work in brand management with Dell. She found that while she enjoyed her work, she wasn’t passionate about the high tech field and left to pursue an MBA at the Kellogg School of Management at Northwestern University.

After Northwestern, Williams went on to work for Boston Consulting Group. While working on different cases and projects there, she discovered a passion for consumer, retail and packaged goods. As a result, she left BCG for Yum! Brands in Dallas, where she led corporate strategy before choosing to specialize in the finance track within the company. She joined Taco Bell in 2011.

Williams said that though she has worked in several different and unrelated industries, the key to smooth transitions is to “let things pull you.” She noted that Yum! Brands pulled her into an industry she was already passionate about and she was excited to part of the team that introduced Doritos Locos Tacos and will soon be introducing Taco Bell breakfast to the public. She advised students to explore different industries and fields to discover what they love and attributed her much of her success to mentors that guided her and encouraged her to develop her potential when she was unsure of her own abilities.

The lyceum course stresses leadership and ethics, which Williams said she has had to address during her time in corporate America. She stressed the importance of “doing the right thing,”even when the correct choice may be difficult to make in the short-run. She also addressed the 2011 lawsuit against Taco Bell that claimed the chain did not use real meat in its products, saying that while the allegations were damaging and false, as a leader she treated the lawsuit and other obstacles as learning experiences.

HBA Hosts Events to Connect Students with Profs Outside of the Classroom


On Wednesday November 6, Honors Business Association students celebrated Thanksgiving early with a few “turkeys.” While no birds were consumed, fun was definitely on the menu as about 30 students gathered in the Texas Union Underground bowling alley for a PHIT (Professors Have Interests Too) with Dr. Burris and Dr. Prentice. The professors were eager to interact with students outside of the typical classroom environment, and students took full advantage of the informal networking opportunity to get to know two of the Business Honors Program’s finest professors. While some bowling balls may have ended up in the gutter, the event overall was a striking success!

Meanwhile, for one day only, FIN 357H students were able to forget about betas and the Capital Asset Pricing Model to focus on the beauty of the Texas Hill Country. At the annual Professor Hadaway DWAP (Dinner with a Professor), students were treated to a relaxing visit at the No Rules Ranch located outside of Dripping Springs. Away from the hustle and bustle of Austin, Professor Hadaway and her husband treated her students to a tour of the ranch and a wonderful meal. Due to the recent rains, students even got to see the rarest of sights – a waterfall in Texas! While it was easier for some students than others to put finance out of their heads for one day, all students agreed that the net present value of the DWAP was overwhelmingly positive.

–Written by Jace Barton, HBA Financial Chair

BHP seniors honored by Texas Parents as 2013 Outstanding Student Finalists

Michelle Moon (left) and Holland Finley (right)

Congratulations to BHP seniors Holland Finley and Michelle Moon for being honored by Texas Parents as two of the four Outstanding Student Finalists selected from the UT student body. Each year, since 1951, Texas Parents proudly selects two award recipients (one male, one female) and recognizes four award finalists who demonstrate exceptional leadership, scholarship, character and service. Holland and Michelle were presented at the November 1, 2013 Celebration of Leadership Dinner among family members and close friends and were recognized at a field presentation held during the November 2 home football game.

“It was an incredible experience, and it was so humbling to be surrounded by extraordinary achievers and givers to this University. It was a nice reminder of how much this school has given to me, and how rewarding my experience has been because of the community I have been able to find on this campus.” – Holland Finley, nominated by Randall Ford of Rec Sports and fellow student, Taylor Pousson

“Everyone was so nice and appreciative. It wasn’t so much a congratulations as a thank you. I do this because I love it. So being thanked for something I do everyday was such a rewarding experience. Unbelievable really. The fact that it was Texas parents recognizing graduating seniors created an amazing sense of family. I’m so thankful for the opportunities I’ve had at UT. It’s given me and environment where I can thrive. I feel like I should be thanking them instead of them thanking me.” – Michelle Moon, nominated by Paul Pritchett of BHP

Michelle Moon shown on the Jumbotron at the November 2 home football game

Alumni Spotlight: Matt Stolhandske – Senior Fellow at Harvard University, Class of 2006

Matt Stolhandske, BHP ’06, MPA ’07, is a senior research and teaching fellow at Harvard University, where he works on a project called Recupera Chile. He is also a doctoral student at Oxford University studying economic sociology currently on a two year sabbatical to pursue his work at Harvard. After working as a consultant for McKinsey, Matt went on to pursue multiple higher degrees as well as a graduate certificate of Christian Education at Redeemer Theological Seminary. He has been heavily involved with consulting and supporting entrepreneurs in areas of poverty and disaster recovery. As a graduate student, he, along with a small team, won the first inaugural Dell Social Innovation Competition. It is astonishing what he has been able to accomplish in a mere six years since graduation.

You have a BBA, a masters in professional accounting and in public administration, and now you are pursuing a PhD in Sociology. How are you combining all of these degrees and interests?

After the masters in accounting, I did a certificate in Urban Ministry from the seminary. I then received a master’s from Harvard in Public Administration. The business element that I took from UT is the core of what I do every day in terms of development. It has grown into a broader understanding of the challenges entrepreneurs face, especially in poverty. I work with small and medium enterprises to try to eliminate poverty. The idea of the PhD, from which I am currently on sabbatical, is to understand the role that social institutions play in entrepreneurship process. When we think about how entrepreneurs have access to capital and grow in their role, it is often not the formal mechanisms that help them. Sometimes it is family, church, or any other social institution. I am looking at how these institutions are involved in the process and which sociological factors are most related to poverty and recovery in post-disaster settings. I am currently working full-time on the Recupera Chile project as the Manager of the project through my fellowship.

Tell me more about Sinapis Group, which I believe you founded with another BHP alumnus.

I co-founded it in 2009 with Courtney Rountree, another BHP grad. I now only serve on the board for the project providing strategic guidance. Courtney is running it day-to-day. I was in Nairobi helping to set it up for a year-and-a-half working together with Courtney to do a feasibility study and actually get Sinapis off the ground. We wanted to identify the key barriers that were keeping entrepreneurs from launching their businesses, or causing them to fail. We are in the capacity building, financing and ongoing consulting/support business in the small and medium enterprise space (not micro-finance). We also provide entrepreneurs with an outlet to talk about their challenges and the resources to deal with all the barriers they identify. Courtney lives in Nairobi full time and has been massively responsible for the success of Sinapis.

You have done a variety of things since graduation. What has been the most meaningful to you, or what are you most proud of having accomplished so far?

I am proud of each of the projects. I am proud of Sinapis and grateful to Courtney for her work. I am proud of the work we have done in Chile. It demonstrates a new model in recovery – community recovery. We view the residents of that place as the world experts on how they can best recover. We collaborate with the residents of the towns and villages where we work to help us plan the recovery. We are equipping people with the tools necessary to make recovery happen and empowering them to overcome extraordinary challenges in the wake of natural disasters.

How did you get involved with Recupera Chile and what is your role with that organization?

I met Professor Doug Ahlers at Harvard and took his field course in 2011. We went to New Orleans for the course and helped with their rebuilding efforts. About that time, the Chilean government invited Ahlers to participate in a conversation about the recovery of Chile, and he asked me to help develop a course that would take 20 students to Chile in Harvard’s January term to replace the New Orleans course. I was the teaching fellow for that course and did the field work with them in Chile. Since then I have been on and off living in Chile for months at a time to work with entrepreneurs and build relationships with politicians and government workers in areas that were affected by the 2010 earthquake and tsunami in southern Chile. I have enjoyed getting to know the communities and addressing the issues they are facing. It has been a wide range of involvement from seemingly menial interventions that contribute to livelihood restoration, all the way to to large-scale economic development.

For students who may be interested in non-profit work, what advice would you have?

I would challenge the traditional understanding of non-profit. Social enterprise has shed new light on the discussion about the best way to have impact on poverty and people and communities in the developing world. For instance, the training part of Sinapis is a non-profit, but the investing arm is a capital firm, and is a for-profit. We take a hybrid approach, looking for both a social and financial return. Some students thoughts when choosing a career are focused on maximizing personal wealth. In contrast (and perhaps somewhat in reaction to profit-maximizers), other students focus on maximizing social good and ignore the dollars and cents all together. Both groups should know that there is a very real way to combine making a difference in the world with a profitable career. Do what makes you fulfilled. If you love your career in the private sector, keep doing it! You are contributing to an economic engine that makes jobs and businesses work (and, in so doing, does social good). But If you are force-feeding yourself a career at a bank or a big strategic consulting firm and long for a career where you feel you want to be more directly involved in making a difference, ask yourself how you can use the resources and knowledge you have to contribute to something that will have a direct impact on social good. Something people forget is the business sector is an inherently good thing. We don’t need to say one sector is bad and one is good. It is more about personal passion, the quality of work you produce, and the type of stuff you do each day.

You speak nine foreign languages. Which ones?

Swahili, Spanish, French, Swedish, Norwegian and then a bit of Biblical Greek, Ancient Hebrew, Japanese and Chinese. I like to learn languages when I work in different environments, and it is critical for the work I do to be able to learn them. They come and go and, with every new one, I find myself more capable of communicating in other languages in similar family trees, like Portuguese, Italian, Shona, Chewa and Gikuyu. I definitely forget some of what I learned if I am not using it. Culture is so intertwined with language, so I really love learning languages. I crave the ability to have direct conversations with people in their own languages. I think, “By learning this language, how many more people could I speak to authentically?” That thought is so motivating and empowering to me.

We hear from students who are debating going to grad school right after undergrad, or working first. What would you recommend?

I think I benefited more from my graduate experiences after having worked. I understood things in a more practical way. I also think I was able to contribute more in the programs. But I also can see that there’s value in to grad students fresh out of undergrad, especially if they are entering a new field and are using grad school to get a context for a new environment. I would also encourage students who have a real passion for academia to consider a PhD. Be thoughtful early on and consider doing it earlier rather than later. Sometimes masters programs, especially professional ones in topics like Business and Public Policy, are not necessary and do not give you any of the required coursework for PhDs in those same fields. So if it’s a PhD you want, go for it! Get your references together, find some classes that require you to write a few lengthy research papers and apply. You will likely earn a masters degree along the way.

As an undergraduate at UT, what is the best way for someone interested in making a difference in the world to have an impact?

Take full advantage of the resources at your disposal and figure out what you are passionate about. While I was there, some friends and I wanted to do some work in Mexico in the shanty towns. We found professors who were interested. It was small-scale, but it was a wonderful experience and was the start of what would eventually become my career. Students should start thinking about their passions now. Your passion can be your tagline that people remember about you. Start building that tagline in school. Have a personal growth experience and have an impact in the space you care about. Also get involved in the traditional things at UT. I balanced enjoying organizations like Texas Cowboys, the Friar Society and Longhorn Singers with school. Everyone looks back and talks about how great the years at McCombs are. Enjoy the time you are in school and your BHP friends. Find ways to help each other and learn to value those relationships. That is really important.