10/11/2005

The MBA's Challenge

This article talks about a San Diego State professor who challenged his MBA students to turn his initial $25,000 into one million dollars by December 31st to help small businesses in Louisiana get back on their feet. Seventy percent of the businesses harmed by Katrina were small businesses with 100 employees or less. The economy thrives off of these small businesses and if the business owners can't get their businesses up and running quickly the whole economy will suffer. I think this professor has a great idea. It gives the students the opportunity to make a business plan and then to execute it in real life, plus they have found a need in society and the means to fill it.

6 comments:

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Logan said...

What a concept! I think that the professor's idea is a great one! Not only will devastated businesses in New Orleans be benefited by these students efforts, they will also find tremendous benefits through designing a business plan and running a business to recognize a profit. I hope that I will have an opportunity to do something like that when I get an MBA.

Alex said...

I think this is a great ideas as well. This will give students a hands on opportunity to really get involved and see what the real world is all about. Not to mention they are doing it all in the name of charity.

taylor said...

I also think that this is a tremendous opportunity for students to get involved in. This will help them to better their education and also give them some experience in the real world, while helping those in need.

Bob said...

I think this is a terrible idea. Why should students have the opportunity to get real life experiences in college? Isn't college a place where we go to memorize terms, lists, and definitions and then hope they stick until we take a test. Last year I got all B's and one A and I thought I was doomed for sure. How could I compete in the world of business with all of you A students out there? I hope you realize that up to this point I have been working on my sarcastic skills. Students need more opportunities to have hands on experience, and to see how all of these things we read out of our text books relate in real world experiences. I commend that professor for what he is doing for his students.

Dr. Tufte said...

-1 on Alex's comment for a spelling error.

I think this is both a good idea and an appalling one.

The good aspects are pretty obvious.

What's appalling is that this professor had to put up his own money. I'll bet you he tried to get school funding for this first, and was declined. Further, no other schools are doing anything similar. This says a lot about universities and business schools.