January 2013 Intersession ‘Social Entrepreneurship’ course – Rio de Janeiro, Brazil

“……suddenly, ideas that were flat on paper stood on their feet.

Although I’ve traveled to many other cities around the world, Rio de Janeiro still ranks as one of the most beautiful of them all.  Surrounded by mountains, the city also sits by the Atlantic Ocean so it enjoys the multitudes of benefits of both a seaside city and mountain villages.

We began our study at Pontifical Catholic University (PUCI) of Rio de Janeiro for our social entrepreneurship course with USD Professor Patricia Marquez.  The campus felt more like a tropical rain forest, with lush greens draping over winding pathways that led to the business school building.  Some Brazilian students joined our course, and offered their unique perspectives in discussions, occasionally translating for local guest speakers.  Here we dove into a rich world of ideas and inspirations behind a variety of social enterprises – a socially responsible and high fashion sneaker company, a sports organization that fuels the desire for change from within for the homeless, and a drug company that values patients more than its own bottom line.  Then we visited local favelas (Brazilian slums) that had started their own business to make a change, and suddenly ideas that were flat on paper stood on their feet.  Some of then danced and sang, like in the case of AfroReggae; some of them dazzled and flashed, like in the case of Mulleres de Salgares.  The hidden hero here was the Genesis Institute, a social enterprise incubator in collaborations with PUCI.  They had consulted and trained many social entrepreneurs in the area, many with little more than a desire to break free from poverty and a very large and hungry family ready to help.  The stories we learned from these cases not only gave us frameworks to develop the seed of our own ideas, they also sparked a fire of motivation in our bellies.

Our consulting work exercised a different side of me.  Our clients were enthusiastic experts when it came to their products and services – an innovative technology services company breaking ground into the mobile market.  They looked to us to help strategize and investigate certain new market opportunities. For two intensive days we gathered and prioritized their requirements within the team, and externally with the client. Through open and honest discussions, we earned the clients’ trust and respect while digging deeper into the “why” rather than fixating on the “what”.  This experience enabled us to not only provide the analysis and research accurately matching requirements but also those beyond the surface discussions.  The Brazilian team members provided rich insights, local contacts and research resources while we, the US half performed in-depth financial analysis and additional global perspectives.

All work and no play would have made us dull. We enjoyed our downtime wandering deep into the Favelas and climbing high above the peaks of Corcovado and Sugar Loaf mountains.  The pristine beaches at Ipanema became our home away from home while our global experience and market understanding skyrocketed through our shared experiences.  Incredibly, we gained a world of friendship, top-notch learning and market value through this single month long trip.

 Submitted by Tina D’Amore, a second-year IMBA student

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Reflections and Experiences in Rio de Janeiro: Winter Intersession 2013

Below are excerpts from a paper submitted by Scottie LaRocco, a first year IMBA student.
“It is hard for me to generate the right words to truly qualify how special the Intersession experience in Rio de Janeiro was for me.  Though it may seem that almost a full month is a long time to spend overseas in a foreign country, I knew going into this experience that, to truly experience Rio de Janeiro as I believed I should, I would make many personal sacrifices of both time and comfort, so that I would be able to see the real side of the city.  In doing so, I feel a special bond with Rio de Janeiro, and it will, along with the many people I met while there, hold a special place in my heart for as long as my heart continues to beat.”

The Siren’s Song of the Vidigal Favela

“Undoubtedly, the image from Rio de Janeiro that is forever scorched into my retinas is that of the Dois Irmaos peaks that jaggedly spring up from the west of Ipanema Beach.  I had seen these mountains for years on postcards and in films, but was completely unprepared for the scope and natural beauty of them.  When I was able to get my first, in person, view of the peaks, I noticed what appeared to be a shanty town running up the side.  “How could this be?” I thought to myself.  This looked like some of the most prime real estate in all of Rio de Janeiro, yet it had a favela (slum) occupying it.  Desperate for more information on this perceived anomaly, I began researching the area and learned that it was indeed a favela called Vidigal.

My curiosity for this place only built after watching a Brazilian film called “City of Men,” which told the story of two youths stuck in Vidigal and forced to deal with the inherent gang and drug violence that prevailed in the favela.  The film was highlighted by spectacular views of the city from the top of Vidigal.  Despite the overall gruesome and frightening violence shown in the film, I was confident that this favela, like many of those surrounding the tourist-heavy locations of Ipanema and Copacabana, had since been pacified, and would most likely be safe to venture in to.   On my last day in Rio de Janeiro, I recognized it as my last opportunity to make the possibly dangerous trip into the Vidigal favela.

I was able to convince one of my classmates, Tina D’amore, to at least partially take the journey with me.  The first thing that struck me about Vidigal, being that I was more than slightly nervous, was that there actually was not a heavy police presence at all.  Rather, we occasionally saw a police car drive by as we winded our way up the main road, heading for the very top in search of a picturesque view of the City.  The blue ocean, sandy beaches, white buildings, and emerald peaks that Rio de Janeiro is known for looked as amazing as ever as we caught several great glimpses through the buildings.  Additionally, the look, smell, and overall feel of being in a favela is so unique, that I had to fight off the urge to whip out my camera and take pictures (locals tell tourists that despite pacification, it can be seen as very disrespectful to be taking pictures of the favela and its inhabitants).   Along the main street in Vidigal, I never felt threatened.  Locals seemed to be going about their everyday business and paid us little attention at all.

Tina and I stopped about half way down the main road for a drink at a local bar/restaurant.  The owner, a kind old lady, not only was willing to take our pictures, as well as picture of us with her, but also brought out rice and beans (traditional Brazilian fare) that we hadn’t asked for.  Upon our departure, she wished us well and gave us both big hugs as we headed back down the road.

I am certainly thrilled that I was able to at last explore the Vidigal favela, and experience both its beauty and charm as we meandered through its winding roads.  Had I not taken this opportunity to do so, it would have undoubtedly been my biggest, and possibly only, regret of what was, in totality, and amazing trip.”

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Claire Brown and Accion: Microfinance and Impact Investing

Accion is a global nonprofit dedicated to creating economic opportunities by connecting people to the financial tools they need to improve their lives.

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Claire Brown is an outstanding student in the International MBA program at USD.

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An amazing internship with Accion during which Claire conducted client outreach and underwriting.  She worked on large partnerships with Samuel Adams (Brewing the American Dream) and Kiva (Developed new Financial Tools).  In Claire’s words:

“I wanted to start a career in impact investing.  Accion is a great place to build a platform of microfinance on which to grow towards an investing role.  While working there I also took a course on microfinance at USD in Guatemala.  For my final project I analyzed Accion Investments (based out of Boston) and a 20% equity investment they made in a Tanzanian microfinance bank.  The analysis was conducted using a standard finance and social return metric called Impact Reporting and Investment Standards.  I am currently completing an independent study with the organization to create an internal credit rating system for microfinance clients.  The culmination of these efforts has really advanced my position in the impact investing job search!”

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Intern Series: Sweta Ashwarya goes to ebay

Today, it feels great to share the story of my experiences as a Global Product Manager Intern at ebay that got converted into a full-time job offer. However, looking back it was a challenging journey switching industries and concentrating the job search primarily in the Bay Area. Needless to say that my husband and two year old who lived in the Bay Area while I attended school full-time at USD, were my biggest supporters.

 

From the paper I am publishing with Joel Sutherland, Managing Director, Supply Chain Management Institute at USD.:

“Mantra No. 1: Take initiative, no one cares more about your career than you in the words of John Donohoe, CEO ebay.

Have a strategy in place! For me, informational interviews really helped narrow down my list of interesting companies from 20 to 7.  I networked with at least 5-6 people per company (1-2 in executive positions).  I tailored my resume and cover letter for the company/role that I applied for.

Mantra No. 2: Do not hesitate to seek help and never give up.

My first interview with Facebook, a phone screening round, was a complete disaster.  I realized that I needed so much more practice doing phone interviews.  I reached out to second years and USD alumni for mock interviews as well as face-to-face. One should never disregard the value of mock interviews as they give you a competitive advantage.”

I had an amazing 12-week at ebay this summers. In a 2-week hackathon, I built the left hand navigation, visual navigation, and SEO Meta tags for 8 new Fashion Landing Pages!  Check it out: http://www.ebay.com/fashion.  I worked on several projects to define “Structured Data Strategy” for the Fashion Vertical.  This included leading a Pilot Project for Data Extraction in Item Specifics Coverage aspects with eBay Israel.  It was so fulfilling to see all my projects go LIVE and contribute towards solving real world tactical problems.

I also got to connect with senior leaders to discuss career paths, participate in a variety of team building and intern networking events across Marketplaces, PayPal and StubHub and also watch a Giants game at the AT&T Park in San Francisco! I’m super excited to go back to ebay next Spring!

Sweta Ashwarya is a full-time MBA student at University of San Diego. Before USD, she worked for over 5 years in India and San Francisco Bay Area for the textiles and fashion industry in manufacturing, business development, and product management. She completed her Masters in Garment Manufacturing Technology in India.

 

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Intern Series Back on Track: Erin Baucum and DriveCam

Nearly a year ago, Erin came to Career Services and said simply, “I want to work.”  Within a week, Terra Saltzman-Baker had tapped her far reaching network to procure an interview with DriveCam.  The driver science company fell in love, and Erin’s Excel ability and Financial Analysis skills quickly became an invaluable asset to the firm.  Not only was Erin bumped up to full-time while the spring semester was still in progression, she was asked to build models to support the decisions of top executives.

Recently accepting a full-time offer with the rapidly growing corporation, Erin has opened the door so that multiple classmates could follow.  She has already helped two USD MBAs secure positions with DriveCam.  Rock on Erin!

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USD Faculty

While interning in New York this summer, I had an interesting conversation with an executive.  Though she confused my school with San Diego State in a way that I would not confuse U-Penn and Penn State, I let it slide.  She enlightened me as to the reasons why she preferred Ivy League MBAs on her team: because after graduating, they continued to be connected to the best minds in academia.

I wondered if it occurred to her that these minds were not infallible, especially in light of the Financial Crisis, which many of them did not see coming.  I wondered also if she knew the names of my teachers, the likes of Frank Partnoy who left Wall Street to teach at USD and write (in 1999) a chillingly accurate warning of that same crisis in a New York Times Best Seller, F.I.A.S.C.O.

Did this executive know Tom Copeland or John Stoessinger?  These are just a few of my globally recognized professors who, having advised U.S. presidents and completed stints at those prestigious schools in the northeast, have now found a home at what is for all intensive purposes, Galt’s Gulch – a place that is as much a home to the best as it is a secret.  These are my professors.  They are pillars of knowledge on which my career will be built.  The time is near when this will no longer be a secret.

http://frankpartnoy.com/

http://www.sandiego.edu/business/faculty/bio.php?id=1142

http://www.amazon.com/Why-Nations-War-John-Stoessinger/dp/0495797189

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Our baby is all growns up…

Our baby is all growns up…sigh http://ow.ly/i/10mC2
- Anjani moves his name from internship to career at the “Whiteboard Party!”

Anjani Annumalla is a second year IMBA student.  His summer internship at Amazon turned into a full-time job offer, which he accepted.

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Summer Internship Series: Anjaniprasad Annumalla

From the time he started his MBA at USD, Anjaniprasad Annumalla held Amazon at the top of his wish list of companies for which he dreamed to work.  His journey to achieve this goal started with LinkedIn.  Navigating his way through network tunnels, acquiring two personal interviews, ultimately the gutsy USD standout obtained an internship.

The internship exceeded Anjani’s wildest expectations.  Of the solutions he provided, some have been implemented and others are in the process of implementation, impacting millions of dollars worth of facilities.

The work of the young MBA required him to travel throughout various U.S. cities, meeting top management.  He is still astounded by the freedom and responsibility Amazon gave to MBA interns and has not forgotten the class with which he was treated.

Quoting the company’s mantra, ” Work Hard, Have Fun, and Make History,” Anjani, with his willingness to accept the offer that has been extended, is enjoying success.

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Heather Stevens snagged a rock star internship

Heather Stevens snagged a rock star internship this summer at Life Technologies Corporation. Coming from a tech background, she considered it a stretch to apply with a biomed firm. She landed the role – a marketing function in quality and regulatory affairs. While the learning curve has been steep, it is nothing this USD MBA couldn’t handle. Heather adapted to the new environment and “looks forward to work every day.” Success has been manifested, though not surprisingly, in Lifetech’s extension of the internship.

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An Afternoon with the Dalai Lama

It was with great pleasure that I accepted the invitation to write an entry for the USD MBA blog about my reflections on the visit His Holiness the 14th Dalai Lama recently made to the University of San Diego. It was such an amazing experience to spend an afternoon with such a wise Teacher – in person, no less!

However, a severe case of writer’s block ensued – days turned in to weeks. Why? It didn’t make much sense, I love to write, and what better way to procrastinate during end of semester/beginning of finals than by creating some time to sit down and to do some “fun work that could technically be classified as homework”?

The problem was that I couldn’t decide what voice to use when writing this blog entry; which Marta did I want to be? There is the business school ex-fixed-income trader & portfolio manager Marta.  And then there is the yoga-therapist/yoga-teacher, philosopher, public speaker, lover of all things Spiritual Marta.

Could I be both; was this a “both/and” or an “either/or” situation?

The Dalai Lama spoke about “Compassion without Borders”.  I finally wiggled out of the vice-grip of the writer’s block when I realized, oftentimes, the deepest and highest border is the wall that blocks the compassion we can show our Selves!  And if we don’t get that sorted, how are we supposed to show compassion to others?

Case of writer’s block cured; I CAN be both Marta’s (to be read: “I told myself to get over myself”).

On a parallel note, is there REALLY room for compassion in a capitalist model? I will come back to this a little later.

Now, I must disclose the fact that I would have never made it to the event if it wasn’t for my dear, amazing friend, and business school colleague, Claire Brown.  She gave me her ticket because she found herself on a sudden trip to Ireland (thank you, Universe, for that!).  So I felt extremely fortunate that I could attend this event in person.  Honestly, I also felt a little guilty, because Claire has devoted so much of her life to service in under-developed areas of the world – well, I just felt like she deserved to go more than I did.

But, again, as the cards played out in the Universal scheme of things, I got the seat.

The thing I will remember most about this afternoon – amongst many noteworthy moments – is when the Dalai Lama walked on stage and took his seat.  His hands were on his knees, his thick socks pulled high, his sandals strapped over his socks.  He looked out over the audience – I am not certain if anyone was breathing, we were all rife with eager anticipation – what would he SAY?

Then he laughed; his laughter melted my heart.  His laugh came from a pure place of joy.  Although reincarnation is not an “accepted philosophy” in my religious background, if EVER there was a time I believed in reincarnation, it was in that moment.  His laughter vibrated with a wisdom that could only be accumulated through 14 lifetimes… and he chose to gift us with it!

I will never forget that laugh and smile.  This man has witnessed some of the most hostile and hate-filled traumas, the violence, the heartbreak, yet because he very specifically chooses his attitude, he still smiles and laughs.

Apart from the laugh, there were two questions, posed by the audience, which I also consider to be highlights of the afternoon.

The first question, paraphrased, was: How can you choose and feel compassion for people who show no remorse?

His Holiness responded – without flinching – that these people (aka. the super mean, violent, tyrannical people) are the ones that deserve the MOST compassion.  He advised us to feel pity and compassion for these people, because their actions are born out of ignorance and a “not knowing better”.

Wow.  This advice sounds great – but, man, my own ignorance was bubbling up because the courage to execute that in the face of real life and death injustice, well I just don’t know if I have that in me.

He then went on to relay a story about one of his dear friends and fellow activists that was imprisoned. He received a letter this man wrote to him whilst in prison; in the letter, the man mentioned he was in real danger, which the Dalai Lama initially thought meant his life was in danger.  After the man’s release, when they were reunited, the Dalai Lama asked him what he meant?  The man responded: I was in danger of losing compassion for my enemies.

When I heard that story, I was humbled.  Because if that guy can sit in a prison, potentially experience physical trauma, receive gross injustice, AND still be concerned about compassion, certainly there are some small tweaks I can make in my own life to show a little more compassion to my fellow human beings.

And if I don’t know how to yet, well, don’t I at least owe it to the World – out of respect for people who are so much more enlightened to me – to practice and get better at it?

The second question, paraphrased, was: How do you remain optimistic, in spite of what you have seen?

Again, the audience received that gorgeous smile of the Dalai Lama, as he said: Because being optimistic is easier than the alternative.

Again, I was humbled. But it is totally true!  Here is a little self-test.  Think about a situation in your life where the outcome, at the present, is unknown.  Close your eyes and imagine the best possible outcome; note how your body feels.  Now, close your eyes and imagine the worst possible outcomes; note how your body feels.  Optimism is truly easier, and we know this to be true at a very basic level of human connectedness because optimism FEELS better.  It is, simply, easier to be optimistic. 

Now, back to my earlier question: is their room for compassion in the capitalist model?

I believe wholeheartedly that there is more than just space for compassion, but compassion is what is required for sustainable economic expansion.

Now, you may think, “That sounds great Marta, but is it realistic to think that is executable?”

My response: Yes, and I choose to remain optimistic.

Next, you may question my sanity. “Well, optimism sounds nice. But how?”

My response: Well, I am not certain about that one. But I do know that practice makes perfect, and small attempts will eventually accumulate into real positive, impactful change.

Final question you may have: “Well, that’s great for you. But you are just one person.  What about all those greedy leaders in Corporate America who just don’t get it?”

My response: They deserve even MORE compassion and pity.  Their position is born out of extreme ignorance.  Let’s educate them together. The mission statement of USD’s business school is: We develop socially responsible leaders with a global mindset through academically rigorous, relevant, and values-based education and research.

And, Dear Readers, it is TRULY up to us.  There is room for “both/and”; it is not an “either/or” situation.  I believe that even the smallest changes we implement contribute to the greater whole of social change.  None of us have all the answers individually, so let’s figure it out together.

“You were born with Potential

You were born with goodness & trust

You were born with ideals & dreams

You were born with greatness

You were born with wings

You were not meant for crawling, so don’t

You have wings

Learn to use them & fly!”

~~ Rumi, was a 13th Century Sufi Mystic

-Marta Wenker

Marta is a first year International MBA student. Marta has extensive experience in fixed-income portfolio management and consulting. Marta also practices and teaches yoga.

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