This blog contains posts and comments written by students in Dr. Tufte's economics classes at Southern Utah University.
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.
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-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.
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