MBA Education Enhancement
MBA Peace Corps: Foreign Residential Courses for MBA Programs
A greatly underutilized capacity for doing good.
The programs we are currently developing with our partners at the University of Havana (UH) will serve as the prototype for a series of similar programs in a variety of other countries around the world. Attached is a brief description of the 2016 international residential program delivered by UH to UCI graduate students. The first such program was delivered in Havana in 2013. Programs similar in length and scope will be offered in each of the next five years 2016-2020 in Havana.
The 2016 program was enhanced by setting aside time for meetings with a variety of Cuban commercial organizations and student teams composed of both Cuban and American students. Based on those interactions, business plans are being developed in the quarter following the Cuba trip with online collaboration among the students at both universities and the Cuban enterprises. UH selected the enterprizes to participate from among the following sectors: healthcare, biotechnology, tourism, agriculture, and renewable energy.
Once the U.S. government permits it, representatives from Cuba will travel to Irvine for presentations by the student groups and meetings with potential investors. Ultimately this trip will include a residential course in Irvine for the Cuban students. Other follow-up events will include poster session presentations in the foyer of SB1 and business plan competition and judging including monetary awards.
Currently leading our efforts in Cuba is William Hernández Requejo, Executive Director of the Center for Global Leadership and recently named by the United Nations as a special expert to facilitate foreign direct investment in Cuba.
Vision. The inspiration for this program comes from multiple organizations. (1) the “Peace through Commerce” initiative sponsored by The Association to Advance Collegiate School of Business (AACSB); (2) the U.S. Peace Corps; (3) the UC Irvine Center for Citizen Peacebuilding (http://www.peacebuilding.uci.edu/), and (4) the current MSB Strategic Planning Project. In this last respect concepts such as experiential learning, innovation, personalization, international and domestic institutional collaboration, business ethics, climate change, and foreign student participation are seen as integral.
Potential Benefits. The potential benefits of this five-year educational partnership are numerous. Ultimately 300 hundred graduate students at the UH and UCI will get direct, supervised experience in the problems, opportunities, processes, and activities of international management and entrepreneurship. This effort will create 450 new international working relationships between American and Cuban graduate students. That is, each student will work with three foreign team members. Indeed, one way to view this educational joint venture is as a fellowship program wherein students’ travel is supported toward building ethical leadership through service in other countries.
Obviously, if the MBA students do a good job then enterprises in Cuba will survive, and perhaps even thrive. Jobs will be created and entrepreneurship will be stimulated. Additionally, the MBA students themselves will learn about international business and social responsibility. The latter is key to building ethical leadership and enterprises in both countries. Finally, both Cubans and Americans will learn to understand and hopefully befriend one another. Social relationships will often evolve into long-lasting commercial relationships that strengthen peace.
Fifty enterprise managers from Cuba will benefit from participation in the business planning process and, of course, from the plans themselves. Hopefully, the presentation of the plans to potential donors/investors in the U.S. will result directly in funds flowing into the Cuba economy. And perhaps most important, the managers will be exposed to the dynamic entrepreneurial culture of the West Coast of the Unites States.
Our best estimate of the time required to develop the typical business plan for the kinds of organizations and markets to be involved in the program is approximately 400 hours/plan. A conservative estimate of the value of the second-year MBA students’ time is $25/hour. Thus, in a sense, the students will be contributing some $500,000 worth of their time to the projects under the auspices of the program (i.e., 50 projects x 400 hours x $25).
We also expect that in addition to personal relationships, institutional relationships between the universities will grow in organic ways, perhaps involving other campus departments and schools such as engineering, arts, bio/medical, the social sciences, and so on.
Previous Experience. At MSB we have structured previous MBA residentials with substantial student-student interaction features. For example, for two years in a row our EMBA students participated in videotaped negotiations with EMBA students at Chinese University of Hong Kong. The students in both countries then analyzed their own videos and exchanged feedback with their foreign counterparts. That work resulted in not only really happy students on both sides of the Pacific, but also an article in the Journal of International Business Studies.
The MBA Peace Corps model we are implementing in Cuba in March 2016 worked quite well in collaboration with the University of Ulster (Northern Ireland) and MSB in March of 2004. Thirty MBA students traveled to the Republic of Ireland and Northern Ireland to visit a variety of commercial institutions, to hear from executives and other officials, and to meet with UU students and entrepreneurial organizations in Northern Ireland. See the photo below. During the Spring quarter the bi-national student teams produced business plans via online collaboration. Then a representative group of Northern Ireland students and entrepreneurs traveled to Irvine to receive the business plans and meet with potential investors.
Three Merage School of Business MBA students meet with
Professor Jim Bell (University of Ulster), Romano Prodi (President
of the European Commission), and John Hume (Nobel Peace Prize
laureate), April 2, 2004.
Adding to this experience base, recently Eric Spangenberg was appointed the Dean of the Merage School of Business at UCI. In his former position as Dean of the College of Business at Washington State University he oversaw the development and operation of an identical program with the Nelson Mandela African Institute of Science and Technology in Arusha, Tanzania.
Finally, in the summer of 2011 we offered a small program (a dozen students) involving MBA, law, and graduate engineering students on the topic of renewable energy. The week-long program included students from Fudan (in collaboration with the Long Institute), the University of Cantabria (Spain), and UCI. Faculty from across campus (business, law, engineering, biology, and physics) provided seminars for the group on a variety of renewable energy topics. Campus student housing was available for the foreign students. The theme was “building sustainable global enterprise.”
Ramping Up. As mentioned earlier, the UCI/UH program in Cuba will serve as a prototype for several other such courses to be offered annually at MSB. Based on the recent numbers of MBA graduates, the student capacity will support a total of perhaps ten such residential courses per year. Indeed, in the most recent academic year over half of our 300 MBA student cohorts (FTMBA, FEMBA, and EMBA) participated in international residential courses. Countries and partner universities will be selected from among our prominent trading partners (e.g., Japan and Spain) and less developed countries around the world (Vietnam, India, Iran, or Tanzania). A one-week summer “business plan camp” for foreign MBA students would ultimately be conducted at UCI.
Other business schools in the UC system and on the West Coast will be asked to join in an inter-campus MBA Peace Corps network. The UCI Center for Global Leadership will be the administrative seat for further development of the funding for and administration of these programs. The UCI Olive Tree Initiative is an excellent model for sharing such educational technologies across universities. Finally, as the program gains national participation, that “greatly underutilized capacity for doing good” will add substantially to world economic development and global peace and prosperity. Indeed, such an MBA Peace Corps might be thought of as a new model for global economic development.
Note: Our use of the term Peace Corps does not imply U.S. government funding. We will be seeking financial support from private firms and foundations only. For example, American airlines would make ideal donors.
A limited number of Merage School students in other Masters programs (aside from MBAs) and graduate students in other schools such as law, bio/medicine, engineering, and international relations might participate as deemed practical.
Summer Internships Abroad
Up to ten summer internships with companies in foreign countries would be made available through the Placement Office. The firms would be asked to pay for travel and living expenses and a reasonable stipend. Initially, Orange County firms with substantial international operations would be targeted for participation.