tag:blogger.com,1999:blog-64963036854698938432024-03-13T08:16:34.949-04:00Net Impact DardenNet Impact Dardenhttp://www.blogger.com/profile/01690358416262520703noreply@blogger.comBlogger20125tag:blogger.com,1999:blog-6496303685469893843.post-36359743412903671722012-04-04T11:34:00.000-04:002012-04-04T11:35:00.077-04:00Renewable Energy Financing<!--[if gte mso 9]><xml> <w:worddocument> <w:view>Normal</w:View> <w:zoom>0</w:Zoom> <w:trackmoves/> <w:trackformatting/> <w:punctuationkerning/> <w:validateagainstschemas/> <w:saveifxmlinvalid>false</w:SaveIfXMLInvalid> <w:ignoremixedcontent>false</w:IgnoreMixedContent> <w:alwaysshowplaceholdertext>false</w:AlwaysShowPlaceholderText> <w:donotpromoteqf/> <w:lidthemeother>EN-US</w:LidThemeOther> <w:lidthemeasian>X-NONE</w:LidThemeAsian> <w:lidthemecomplexscript>X-NONE</w:LidThemeComplexScript> <w:compatibility> <w:breakwrappedtables/> <w:snaptogridincell/> <w:wraptextwithpunct/> <w:useasianbreakrules/> <w:dontgrowautofit/> 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locked="false" priority="66" semihidden="false" unhidewhenused="false" name="Medium List 2 Accent 6"> <w:lsdexception locked="false" priority="67" semihidden="false" unhidewhenused="false" name="Medium Grid 1 Accent 6"> <w:lsdexception locked="false" priority="68" semihidden="false" unhidewhenused="false" name="Medium Grid 2 Accent 6"> <w:lsdexception locked="false" priority="69" semihidden="false" unhidewhenused="false" name="Medium Grid 3 Accent 6"> <w:lsdexception locked="false" priority="70" semihidden="false" unhidewhenused="false" name="Dark List Accent 6"> <w:lsdexception locked="false" priority="71" semihidden="false" unhidewhenused="false" name="Colorful Shading Accent 6"> <w:lsdexception locked="false" priority="72" semihidden="false" unhidewhenused="false" name="Colorful List Accent 6"> <w:lsdexception locked="false" priority="73" semihidden="false" unhidewhenused="false" name="Colorful Grid Accent 6"> <w:lsdexception locked="false" priority="19" semihidden="false" 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0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman","serif";} </style> <![endif]--><span style="font-size: 12pt; font-family: "Garamond","serif"; color: rgb(0, 0, 0); font-style: italic;">by Ben Margolis </span> <p style="color: rgb(0, 0, 0);" class="MsoNormal"><span style="font-size: 12pt; font-family: "Garamond","serif";">The Panel on Renewable Energy Financing provided a fantastic discussion on the current trends in the renewable energy development industry. Featuring Tony Clifford, CEO of Standard Solar, Matt Fedors, VP at Leaf Clean Energy, and James Mackey, Executive Director at NextEra, the conversation focused on the interplay between investor-owned-utilities (IOUs), developers and the Federal, State and Local governments. Each panelist came from a different perspective, James Mackey represented a large developer as part of an IOU, Tony Clifford, a commercial scale solar installer, and Matt Fedors a project and company investor. </span></p> <p style="color: rgb(0, 0, 0);" class="MsoNormal"><span style="font-size: 12pt; font-family: "Garamond","serif";">The panel covered various topics, ranging from utility roles to international development. Panelists discussed the need for collaboration between utilities and developers, citing that the development of these renewable energy projects is dependent on the attitude of the utility. On the finance side, the panel touched on the concept of bankable power purchase agreements (PPAs), with proper suppliers, and the role of EPC companies coming into play for a lot of new technologies. As for the role of the government, the panel was divided between delivering a national renewable energy standard or simply eliminating market barriers. The panel ended on a high note with Tony Clifford predicting that solar will be cost competitive with one third of states’ retail energy by 2016. Ultimately though, the panel agreed, it all comes down to natural gas prices, the future of renewable energy financing will depend on the price volatility of the natural gas market.</span></p>Bennett Grahamhttp://www.blogger.com/profile/13855753942421166973noreply@blogger.com2tag:blogger.com,1999:blog-6496303685469893843.post-10098683765617508152012-04-04T11:32:00.000-04:002012-04-04T11:33:49.515-04:00Technology: New Tools to Enact Education Reform<!--[if gte mso 9]><xml> <w:worddocument> <w:view>Normal</w:View> <w:zoom>0</w:Zoom> <w:trackmoves/> <w:trackformatting/> <w:punctuationkerning/> <w:validateagainstschemas/> <w:saveifxmlinvalid>false</w:SaveIfXMLInvalid> <w:ignoremixedcontent>false</w:IgnoreMixedContent> <w:alwaysshowplaceholdertext>false</w:AlwaysShowPlaceholderText> <w:donotpromoteqf/> <w:lidthemeother>EN-US</w:LidThemeOther> <w:lidthemeasian>X-NONE</w:LidThemeAsian> <w:lidthemecomplexscript>X-NONE</w:LidThemeComplexScript> <w:compatibility> <w:breakwrappedtables/> 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mso-style-noshow:yes; mso-style-priority:99; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman","serif";} </style> <![endif]--> <p class="MsoNormal"><span style="font-style: italic;">by AJ Gorman</span><br /></p><p class="MsoNormal">Voltaire once said, “The Holy Roman Empire was neither holy, nor Roman, nor an empire.” Although the Technology: New Tools to Enact Education Reform panel was neither focused on technology nor education, it was a great dialogue that successfully touched on a variety of high-level social impact issues. </p> <p class="MsoNormal">The two of the three panelists worked for new organizations (Americans Elect & Ruckus) that want to enable political change by expanding ballot access and providing opportunities for building stronger political organizations. The third panelist comes from Students First, Michelle Rhee’s educational advocacy group (note: Michelle Rhee was my former boss when she was the Chancellor or DC Public Schools). </p> <p class="MsoNormal">The panelists all shared an enthusiasm for socially impactful entrepreneurship. I expected more discussion specifically focused on ways to use technology to affect change in education but I was really impressed by the panelists’ perspectives on how the internet is revolutionizing individuals’ ability to organize. I also really enjoyed hearing about their experience with startups that are leveraging technology to produce social impact.</p>Bennett Grahamhttp://www.blogger.com/profile/13855753942421166973noreply@blogger.com0tag:blogger.com,1999:blog-6496303685469893843.post-54530887085854667892012-04-04T11:30:00.001-04:002012-04-04T11:30:58.209-04:00Energy Efficiency<!--[if gte mso 9]><xml> <o:officedocumentsettings> <o:allowpng/> </o:OfficeDocumentSettings> </xml><![endif]--><!--[if gte mso 9]><xml> <w:worddocument> <w:view>Normal</w:View> <w:zoom>0</w:Zoom> <w:trackmoves/> <w:trackformatting/> <w:punctuationkerning/> <w:validateagainstschemas/> <w:saveifxmlinvalid>false</w:SaveIfXMLInvalid> <w:ignoremixedcontent>false</w:IgnoreMixedContent> <w:alwaysshowplaceholdertext>false</w:AlwaysShowPlaceholderText> <w:donotpromoteqf/> <w:lidthemeother>EN-US</w:LidThemeOther> <w:lidthemeasian>X-NONE</w:LidThemeAsian> <w:lidthemecomplexscript>X-NONE</w:LidThemeComplexScript> <w:compatibility> 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mso-style-priority:99; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin-top:0in; mso-para-margin-right:0in; mso-para-margin-bottom:10.0pt; mso-para-margin-left:0in; line-height:115%; mso-pagination:widow-orphan; font-size:11.0pt; font-family:"Calibri","sans-serif"; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin; mso-bidi-font-family:"Times New Roman"; mso-bidi-theme-font:minor-bidi;} </style> <![endif]--> <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;text-align: justify"><span style="font-size: 12pt; line-height: 115%; font-family: "Times New Roman","serif"; font-style: italic;">by Michelle de Arruda</span><b style="mso-bidi-font-weight:normal"><span style="font-size:12.0pt; line-height:115%;font-family:"Times New Roman","serif""><br /></span></b></p> <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;text-align: justify"><b 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style="margin-bottom:0in;margin-bottom:.0001pt;text-align: justify"><b style="mso-bidi-font-weight:normal"><span style="font-size:12.0pt; line-height:115%;font-family:"Times New Roman","serif"">Dale Stanton-Hoyle – CleaResult</span></b></p> <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;text-align: justify"><b style="mso-bidi-font-weight:normal"><span style="font-size:12.0pt; line-height:115%;font-family:"Times New Roman","serif"">Moderator: Casey Lichtendahl</span></b></p> <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;text-align: justify"><b style="mso-bidi-font-weight:normal"><span style="font-size:12.0pt; line-height:115%;font-family:"Times New Roman","serif""> </span></b></p> <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;text-align: justify"><span style="font-size:12.0pt;line-height:115%;font-family:"Times New Roman","serif"">In this blog, my plan is to present a brief summary of the discussion that took place at the Energy Efficiency Panel through the main questions addressed at the panel.</span></p> <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;text-align: justify"><span style="font-size:12.0pt;line-height:115%;font-family:"Times New Roman","serif"">In this panel we learned that the biggest challenges we face today for a scenario of more efficient use of energy are to create a regulatory environment that fosters such change and to grow public education in this matter.</span></p> <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;text-align: justify"><b style="mso-bidi-font-weight:normal"><span style="font-size:12.0pt; line-height:115%;font-family:"Times New Roman","serif"">What’s the role of government policy?</span></b></p> <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;text-align: justify"><span style="font-size:12.0pt;line-height:115%;font-family:"Times New Roman","serif"">Government policy can impact in three ways: technology, building code and incentivizing.</span></p> <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;text-align: justify"><span style="font-size:12.0pt;line-height:115%;font-family:"Times New Roman","serif"">Policies should help the consolidation of energy efficiency, but regulatory environment differs from state to state. So, in the US policies should aim to leverage successes starting at state level.</span></p> <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;text-align: justify"><b style="mso-bidi-font-weight:normal"><span style="font-size:12.0pt; line-height:115%;font-family:"Times New Roman","serif"">What government should be doing?</span></b></p> <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;text-align: justify"><span style="font-size:12.0pt;line-height:115%;font-family:"Times New Roman","serif"">According to our panelists, the government should increase energy efficiency standards, “<i style="mso-bidi-font-style:normal">bark together</i>” and portray an all-in commitment to the issue as a public policy need because it costs much less (around 1/3) to develop energy efficiency solutions than to build power plants.</span></p> <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;text-align: justify"><b style="mso-bidi-font-weight:normal"><span style="font-size:12.0pt; line-height:115%;font-family:"Times New Roman","serif"">Where’s the industry heading?</span></b></p> <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;text-align: justify"><span style="font-size:12.0pt;line-height:115%;font-family:"Times New Roman","serif"">We already see some examples of smart grid application; nevertheless the available options today still don’t have a satisfactory high resolution. In addition, many companies are already engaging in cutting unnecessary energy use mainly for cost cutting purposes.</span></p> <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;text-align: justify"><span style="font-size:12.0pt;line-height:115%;font-family:"Times New Roman","serif"">However, our panelists believe that for a greater leap, we need to have software components or intelligent software to help people adapt and be more efficient without having to think about it and greater ubiquity of highly resolution data.</span></p> <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;text-align: justify"><b style="mso-bidi-font-weight:normal"><span style="font-size:12.0pt; line-height:115%;font-family:"Times New Roman","serif"">What’s the role of human behavior?</span></b><span style="font-size:12.0pt;line-height:115%;font-family: "Times New Roman","serif""></span></p> <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;text-align: justify"><span style="font-size:12.0pt;line-height:115%;font-family:"Times New Roman","serif"">Budgets are being squeezed and if each person saves only a bit (2% to 3%) on his/her energy consumption, we can have a tremendous impact. Additionally, US households pay very little for their energy use; in other words, energy bills still represent a very little part of their monthly budget. Finally, one of the panelists also pointed out the issue of the American households attitude towards consumption – “<i style="mso-bidi-font-style:normal">I have the right to keep things on</i>.”</span></p> <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;text-align: justify"><span style="font-size:12.0pt;line-height:115%;font-family:"Times New Roman","serif"">In order to change consumer behavior, advocates of energy efficiency should focus on efficiency rather than focus on sacrifice, emphasizing the positive aspects. The question must be reframed to “<i style="mso-bidi-font-style:normal">how we do it</i>?”</span></p> <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;text-align: justify"><span style="font-size:12.0pt;line-height:115%;font-family:"Times New Roman","serif"">Finally, according to our panelists, MBAs have to challenge convention wisdom and drive change in the energy industry.</span></p>Bennett Grahamhttp://www.blogger.com/profile/13855753942421166973noreply@blogger.com0tag:blogger.com,1999:blog-6496303685469893843.post-74593117956304809152012-04-04T11:28:00.000-04:002012-04-04T11:29:34.003-04:00Financial Citizenship<!--[if gte mso 9]><xml> <o:officedocumentsettings> <o:allowpng/> </o:OfficeDocumentSettings> </xml><![endif]--><!--[if gte mso 9]><xml> <w:worddocument> <w:view>Normal</w:View> <w:zoom>0</w:Zoom> <w:trackmoves/> <w:trackformatting/> <w:punctuationkerning/> <w:validateagainstschemas/> <w:saveifxmlinvalid>false</w:SaveIfXMLInvalid> 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name="Bibliography"> <w:lsdexception locked="false" priority="39" qformat="true" name="TOC Heading"> </w:LatentStyles> </xml><![endif]--><!--[if gte mso 10]> <style> /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin-top:0in; mso-para-margin-right:0in; mso-para-margin-bottom:10.0pt; mso-para-margin-left:0in; line-height:115%; mso-pagination:widow-orphan; font-size:11.0pt; font-family:"Calibri","sans-serif"; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin; mso-bidi-font-family:"Times New Roman"; mso-bidi-theme-font:minor-bidi;} </style> <![endif]--> <p class="MsoNormal"><span style="font-style: italic;">by Isaac Salem</span><br /></p><p class="MsoNormal">We spend a lot of time at Darden discussing the optimal financing mix for a business to utilize.<span style="mso-spacerun:yes"> </span>This consideration of tax shields and risk tolerance takes for granted though the complex and interconnected mechanisms developed economies have established in order to allocate capital.<span style="mso-spacerun:yes"> </span>In developing economies, the ways savings are channeled to productive uses is still evolving and there are big differences between economies.<span style="mso-spacerun:yes"> </span>These efforts to improve access to financing in emerging markets were a frequent focus of International Development panel at the Sustainability and Innovation conference.<span style="mso-spacerun:yes"> </span></p> <p class="MsoNormal">Shital Shah of ShoreBank International and Rosita Najmi of the World Bank discussed why it is so important for individuals and businesses to have access to credit as well as some of the new methods being used to help improve financial access for underserved populations.<span style="mso-spacerun:yes"> </span>Though several for profit development institutions have come under criticism recently for the high interest rates these institutions, microfinance lenders in particular, charge their customers, Najmi made a convincing argument for why financial inclusion is so important.<span style="mso-spacerun:yes"> </span>For consumers around the world, savings is very important for planning.<span style="mso-spacerun:yes"> </span>However, in economies with underdeveloped financial markets, too often this savings is forced to take the form of cash, which is insecure and inefficient.<span style="mso-spacerun:yes"> </span>By providing savings alternatives for middle and low income workers, a virtuous cycle can begin whereby the purchasing power of consumers is increased and business can tap local savings to fund investment, bringing the cost of capital down.<span style="mso-spacerun:yes"> </span>Further, such savings vehicles encourage more transactions to occur in the formal economy, which provides protection, dependability and lowers the cost of operating businesses.<span style="mso-spacerun:yes"> </span></p> <p class="MsoNormal">Toward this end, Shah described one project ShoreBank has been involved with promoting mobile banking in Bangladesh.<span style="mso-spacerun:yes"> </span>By partnering with the world’s largest NGO, BRAC, ShoreBank has provided mobile banking services to millions of people in Bangladesh.<span style="mso-spacerun:yes"> </span><a href="http://www.bkash.com/ShoreBank.php">http://www.bkash.com/ShoreBank.php</a> They leveraged BRAC’s large customer base in order to speed adoption.<span style="mso-spacerun:yes"> </span>Now customers are able to receive and repay their BRAC microfinance loans through their phones as well as conduct an increasing variety of other transactions.<span style="mso-spacerun:yes"> </span>Such low cost alternatives to traditional banks are gaining traction in much of the developing world as a way to integrate previously underserved populations into the financial system.<span style="mso-spacerun:yes"> </span></p> <p class="MsoNormal"><span style="mso-spacerun:yes"> </span>The role of technology in this process helps highlight the panel’s parting message.<span style="mso-spacerun:yes"> </span>The challenges and opportunities in international development remain great.<span style="mso-spacerun:yes"> </span>However, what is needed now are not international development experts.<span style="mso-spacerun:yes"> </span>What are needed are experts in a particular field, such as telecommunications or remote banking.<span style="mso-spacerun:yes"> </span>Students interested in pursuing careers in development were encouraged to develop a concrete skill set, rather than studying development itself.<span style="mso-spacerun:yes"> </span>Increasingly, development financial institutions are relying on locals for strategic, political, and cultural expertise.<span style="mso-spacerun:yes"> </span>Outside human capital can still be tremendously powerful, but it needs to be specialized.<span style="mso-spacerun:yes"> </span></p>Bennett Grahamhttp://www.blogger.com/profile/13855753942421166973noreply@blogger.com0tag:blogger.com,1999:blog-6496303685469893843.post-23770860919982716642012-02-21T07:24:00.001-05:002012-02-21T07:24:48.710-05:00Innovation and Transformation in Government<!--[if gte mso 9]><xml> <o:officedocumentsettings> <o:allowpng/> </o:OfficeDocumentSettings> </xml><![endif][if gte mso 9]><xml> <w:worddocument> <w:view>Normal</w:View> <w:zoom>0</w:Zoom> <w:trackmoves/> <w:trackformatting/> <w:punctuationkerning/> <w:validateagainstschemas/> <w:saveifxmlinvalid>false</w:SaveIfXMLInvalid> <w:ignoremixedcontent>false</w:IgnoreMixedContent> <w:alwaysshowplaceholdertext>false</w:AlwaysShowPlaceholderText> <w:donotpromoteqf/> <w:lidthemeother>EN-US</w:LidThemeOther> <w:lidthemeasian>X-NONE</w:LidThemeAsian> <w:lidthemecomplexscript>X-NONE</w:LidThemeComplexScript> 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mso-style-noshow:yes; mso-style-priority:99; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin-top:0in; mso-para-margin-right:0in; mso-para-margin-bottom:10.0pt; mso-para-margin-left:0in; line-height:115%; mso-pagination:widow-orphan; font-size:11.0pt; font-family:"Calibri","sans-serif"; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin; mso-bidi-font-family:"Times New Roman"; mso-bidi-theme-font:minor-bidi;} </style> <![endif]--><span style="font-family:"Times New Roman","serif""></span> <p class="MsoNormal"><span style="font-family: "Times New Roman","serif";"><span style=""><span style="font-style: italic;">by Laura Durity</span><br /></span></span></p><p class="MsoNormal"><span style="font-family:"Times New Roman","serif""><span style="mso-tab-count:1"> </span>As a licensed lawyer, self-proclaimed political junkie and a first year Darden student who is interested in the intersection between government, business and law, I was particularly pleased to see a panel of senior government officials addressing the “business” of government, a topic too infrequently addressed at Darden. <span style="mso-spacerun:yes"> </span>The panel offered a different perspective on how the management skills Darden teaches can be applied (and where they are desperately needed). </span></p> <p class="MsoNormal" style="text-indent:.5in"><span style="font-family:"Times New Roman","serif"">Although I agree with panelist Robert Motyka, a Darden alum and Senior Manager at the Federal Reserve Board, that the United States government is not a business, as the panelists made clear modernizing how our government’s operations with ideas and innovations from the private sector is essential.<span style="mso-spacerun:yes"> </span>Darden alum and panelist Pat Nicklin, Executive VP & COO of Partnership for Public Service emphasized the need to improve federal government operations and , perhaps more importantly, inspire agencies to hire mission critical talent who can improve agencies’ ability to do more with shrinking dollars.<span style="mso-spacerun:yes"> </span>Panelist Eric Schweikert, Director of Compliance Analytics at the Internal Revenue Service, agreed that the biggest hurdle facing government agencies is a lack of resources, both money and staff.<span style="mso-spacerun:yes"> </span>As a result, he said, the IRS can “do something of everything but not all of anything.”<span style="mso-spacerun:yes"> </span>The panelists also emphasized other challenges of government leadership: how to function when strategic goals are lacking or amorphous and how to motivate employees to improve performance when poor performance rarely leads to job loss. </span></p> <p class="MsoNormal" style="text-indent:.5in"><span style="font-family:"Times New Roman","serif"">However, I found the panelists concluding remarks to be the most salient. Eric summarized that whether Americans desire a small or large government, all Americans should want a government that operates efficiently and with greater professionalism. I agree. Why not demand higher standards of performance from our government instead of concluding it cannot improve? Why can’t this politically-neutral goal be a unifying point for Americans? Moderator Roberta Mourao of Accenture’s Federal Government Practice and the panelists illustrated several recent innovations in government leadership but in general, these seem few and far between. Ultimately, I agreed with Robert’s conclusion: Darden should offer more coursework concerning what it means to be a government manager in contrast to a for profit manager. Maybe then more accomplished MBAs will be interested in fostering innovation in both the private and government sectors. </span></p>Bennett Grahamhttp://www.blogger.com/profile/13855753942421166973noreply@blogger.com0tag:blogger.com,1999:blog-6496303685469893843.post-80744430560839513332012-02-21T07:22:00.001-05:002012-02-21T07:25:42.018-05:00Entrepreneurship in Education<!--[if gte mso 9]><xml> <o:officedocumentsettings> <o:allowpng/> </o:OfficeDocumentSettings> </xml><![endif][if gte mso 9]><xml> <w:worddocument> <w:view>Normal</w:View> <w:zoom>0</w:Zoom> <w:trackmoves/> <w:trackformatting/> <w:punctuationkerning/> <w:validateagainstschemas/> <w:saveifxmlinvalid>false</w:SaveIfXMLInvalid> <w:ignoremixedcontent>false</w:IgnoreMixedContent> <w:alwaysshowplaceholdertext>false</w:AlwaysShowPlaceholderText> <w:donotpromoteqf/> <w:lidthemeother>EN-US</w:LidThemeOther> <w:lidthemeasian>X-NONE</w:LidThemeAsian> <w:lidthemecomplexscript>X-NONE</w:LidThemeComplexScript> <w:compatibility> 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mso-style-priority:99; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin-top:0in; mso-para-margin-right:0in; mso-para-margin-bottom:10.0pt; mso-para-margin-left:0in; line-height:115%; mso-pagination:widow-orphan; font-size:11.0pt; font-family:"Calibri","sans-serif"; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin; mso-bidi-font-family:"Times New Roman"; mso-bidi-theme-font:minor-bidi;} </style> <![endif]--><span style="font-style: italic; font-family: times new roman;font-size:100%;" >by Hillary Lewis</span><p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal; font-family: times new roman;"><span style="font-size:100%;"> </span></p> <p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal; font-weight: bold; font-family: times new roman;"><span style="font-size:100%;">Moderator: Aaron Tang, Founder, Our Education</span></p> <p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal; font-weight: bold; font-family: times new roman;"><span style="font-size:100%;">Panelists:</span></p> <p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal; font-weight: bold; font-family: times new roman;"><span style="font-size:100%;">Joe Andrasko, Sankaty Education</span></p> <p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal; font-weight: bold; font-family: times new roman;"><span style="font-size:100%;">Brandon Krueger, K12</span></p> <p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal; font-weight: bold; font-family: times new roman;"><span style="font-size:100%;">Pam Moran, Superintendent, Albermarle County School System</span></p> <p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal; font-family: times new roman;"><span style="font-size:100%;"> </span></p> <p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal; font-family: times new roman;"><span style="font-size:100%;">“Schools are like vineyards. You grow the same grapes, but not the same wine,” said Pam Moran, Superintendent of Albermale County School System, while discussing the various techniques and methods to not just recreate, but reinvent the education system. <span style="mso-spacerun:yes"> </span></span></p> <p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal; font-family: times new roman;"><span style="font-size:100%;"> </span></p> <p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal; font-family: times new roman;"><span style="font-size:100%;">Entrepreneurship in Education focused on the concept of new and innovative ways to educate students outside the confines of the traditional classroom. In 2002, the U.S. government dedicated an office for innovation and improvement to bring creativity to classroom content and practices, but teachers face a problem. There is a clear distinction between innovation and recreation. For example, a smartboard is just a recreated chalkboard. Entrepreneurship in education focuses on the need to not only recreate, but also, to innovate and invent creative solutions to address a changing world and nurture entrepreneurial thinking in youth.<span style="mso-spacerun:yes"> </span></span></p> <p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal; font-family: times new roman;"><span style="font-size:100%;"> </span></p> <p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal; font-family: times new roman;"><span style="font-size:100%;">Wherein does the responsibility lie? From teachers to parents and policymakers to private industry, the stakeholders involved in revitalizing American schools are endless.<span style="mso-spacerun:yes"> </span>Joe Andrasko, an entrepreneur who started a private tutoring company in Nantucket that eventually evolved into <a href="http://sankatyeducation.com/">Sankaty Education</a></span><span style="font-size:100%;">, argues that there is money to be made in learning. </span></p> <p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal; font-family: times new roman;"><span style="font-size:100%;"> </span></p> <p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal; font-family: times new roman;"><span style="font-size:100%;">He has a valid point. Education is the second largest industry in the United States, accounting for 13.5 million jobs. Our challenge, as business leaders, is making education effective and profitable.</span></p> <p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal; font-family: times new roman;"><span style="font-size:100%;"> </span></p> <p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal; font-family: times new roman;"><span style="font-size:100%;">Brandon Krueger, VP Marketing Operations at K12, specializes in bringing virtual learning to students all over the United States. His entrepreneurial approach to bringing a classroom environment to students anywhere at any time has demonstrated the endless possibilities to transcend geographic boundaries and to make profit in education. </span></p> <p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal; font-family: times new roman;"><span style="font-size:100%;"> </span></p> <p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal; font-family: times new roman;"><span style="font-size:100%;">Furthermore, Pam Moran taught us that it’s possible to embrace entrepreneurship in education by her ability to find creative solutions to the Albermale County school bus services. Driving over 12,000 miles a day, Moran worked on improving routes and technology, generating savings of over a million dollars, allowing her to preserve jobs. <span style="mso-spacerun:yes"> </span></span></p> <p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal; font-family: times new roman;"><span style="font-size:100%;"> </span></p> <p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal; font-family: times new roman;"><span style="font-size:100%;">As we think about our education at Darden, we embrace the case method that forces us to develop content knowledge in relatable ways, not just digest T-Accounts and Crystal Ball outputs. How do we generate creative content in elementary schools? </span></p> <p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal; font-family: times new roman;"><span style="font-size:100%;"> </span></p> <p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal; font-family: times new roman;"><span style="font-size:100%;">My take away from this panel was the need to take learning in the classroom further than just consumption of facts and numbers to hands-on involvement that will allow students to take ownership of their education and grow into the leaders that America needs. </span></p> <p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal; font-family: times new roman;"><span style="font-size:100%;"> </span></p> <p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal; font-family: times new roman;"><span style="font-size:100%;">The mentality of ownership does not only rest in students’ hands, but the panelist made the point that educators must see themselves as entrepreneurs. As a teacher, success should not be measured by test scores. It should be measured by the lives that you touch and the ability to produce students who want to positively impact the world. </span></p> <p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal; font-family: times new roman;"><span style="font-size:100%;"> </span></p> <p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal; font-family: times new roman;"><span style="font-size:100%;">As Andrasko stated, we must look at socioeconomic issues. Education varies not only within the United States, but also within cities and counties. Entrepreneurship should not be limited to the classroom. It should be expanded into support systems for children as well as after school programs. I would argue that entrepreneurship in education should also transcend into legislation development for forward thinking thought.</span></p> <p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal; font-family: times new roman;"><span style="font-size:100%;"> </span></p> <p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal; font-family: times new roman;"><span style="font-size:100%;">Pam Moran mentioned that “One school in Albermale County has the economic potential to raise more than enough money in one night to cover the deficit that would take another school in Albermale County 12 years to raise.” This to me is troubling. My challenge to Moran is to make that known to students, parents, voters, and be a leader to inspire change. Maybe there is opportunity for creative entrepreneurship to raise money for education in Albermale County?</span></p> <p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal; font-family: times new roman;"><span style="font-size:100%;"> </span></p> <p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal; font-family: times new roman;"><span style="font-size:100%;">Whose responsibility is it to change the education system? Maybe you want to change health care or tax reform. My challenge to the Darden community is find an inspiration aside from yourself that will allow you to facilitate change and foster innovation. Believe it or not, the ability to generate revenue exists in all aspects of the economy – You don’t have to work on Wall Street. </span></p> <p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal; font-family: times new roman;"><span style="font-size:100%;"> </span></p> <p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal; font-family: times new roman;"><span style="font-size:100%;">All in all, entrepreneurship doesn’t just start with a government department or words. As Thomas Jefferson said, “ACT! Action will delineate and define you.” As leaders at Darden and as future leaders of the free world, we should start thinking about ways we can implement change and foster growth in not only education, but in all aspects of our communities. </span></p> <p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal; font-family: times new roman;"><span style="font-size:100%;"> </span></p> <p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal; font-family: times new roman;"><span style="font-size:100%;">(P.S. Keep your eyes open for a potential BVIP opportunity with Joe Andrasko and Sankatay Education listed on the CDC portal)</span></p>Bennett Grahamhttp://www.blogger.com/profile/13855753942421166973noreply@blogger.com0tag:blogger.com,1999:blog-6496303685469893843.post-85642498685993595822012-02-21T07:19:00.001-05:002012-02-21T07:26:09.562-05:00Green Supply Chain Panel<!--[if gte mso 9]><xml> <o:officedocumentsettings> <o:allowpng/> </o:OfficeDocumentSettings> </xml><![endif][if gte mso 9]><xml> <w:worddocument> <w:view>Normal</w:View> <w:zoom>0</w:Zoom> <w:trackmoves/> <w:trackformatting/> <w:punctuationkerning/> <w:validateagainstschemas/> <w:saveifxmlinvalid>false</w:SaveIfXMLInvalid> <w:ignoremixedcontent>false</w:IgnoreMixedContent> <w:alwaysshowplaceholdertext>false</w:AlwaysShowPlaceholderText> <w:donotpromoteqf/> <w:lidthemeother>EN-US</w:LidThemeOther> <w:lidthemeasian>X-NONE</w:LidThemeAsian> <w:lidthemecomplexscript>X-NONE</w:LidThemeComplexScript> <w:compatibility> 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mso-style-priority:99; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin-top:0in; mso-para-margin-right:0in; mso-para-margin-bottom:10.0pt; mso-para-margin-left:0in; line-height:115%; mso-pagination:widow-orphan; font-size:11.0pt; font-family:"Calibri","sans-serif"; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin; mso-bidi-font-family:"Times New Roman"; mso-bidi-theme-font:minor-bidi;} </style> <![endif]--> <p class="MsoNormal" style="margin-bottom: 0.0001pt; font-family: times new roman;"><span style="font-size:100%;"><i style="mso-bidi-font-style:normal">Blog Post – Alison Mosle, MBA 2013</i></span></p> <p class="MsoNormal" style="margin-bottom: 0.0001pt; font-family: times new roman;"> </p> <p class="MsoNormal" style="margin-bottom: 0.0001pt; font-family: times new roman;"><span style="font-size:100%;"><b style="mso-bidi-font-weight:normal">Michael Mistry – Greenblue/Sustainable Packaging Coalition</b></span></p> <p class="MsoNormal" style="margin-bottom: 0.0001pt; font-family: times new roman;"><span style="font-size:100%;"><b style="mso-bidi-font-weight:normal">Drummond Lawson – Method Products</b></span></p> <p class="MsoNormal" style="margin-bottom: 0.0001pt; font-family: times new roman;"><span style="font-size:100%;"><b style="mso-bidi-font-weight:normal">Jacob Madsen – Deloitte</b></span></p> <p class="MsoNormal" style="margin-bottom: 0.0001pt; font-family: times new roman;"><span style="font-size:100%;"><b style="mso-bidi-font-weight:normal">Tim Kraft – Moderator</b></span></p> <p style="font-family: times new roman;" class="MsoNormal"> </p> <p style="font-family: times new roman;" class="MsoNormal"><span style="font-size:100%;">A recent <a href="http://www.nytimes.com/2012/01/26/business/ieconomy-apples-ipad-and-the-human-costs-for-workers-in-china.html?_r=1&emc=eta1"><span style="mso-spacerun:yes"> </span>New York Times article</a> discussed the poor labor conditions at Apple’s manufacturing plant in Chengdu, China.</span><span style="mso-spacerun:yes;font-size:100%;" > </span><span style="font-size:100%;">We often perceive products as green or socially aware, but the impact can go much further than just the product’s ingredients.</span><span style="mso-spacerun:yes;font-size:100%;" > </span><span style="font-size:100%;">At the front line of the Green Supply Chain movement is Method Products (<a href="http://methodhome.com/behind-the-bottle/biodiesel">http://methodhome.com/behind-the-bottle/biodiesel</a>), a consumer home products company with which we are all probably familiar. They are the fastest growing cleaning product company in the US and today most grocery chains carry their products.</span><span style="mso-spacerun:yes;font-size:100%;" > </span><span style="font-size:100%;">For Method, green supply chain includes a focus on the company’s transportation methodologies, labor practices, ingredients within everything from the soaps to the plastic bottles, and packaging efficiency.</span></p> <p style="font-family: times new roman;" class="MsoNormal"><span style="font-size:100%;">In order to take the first step towards greening a supply chain, a company usually starts with a product Life Cycle Assessment (LCA).</span><span style="mso-spacerun:yes;font-size:100%;" > </span><span style="font-size:100%;">We must be able to measure the impact of our production in order to set a benchmark for improvement.</span><span style="mso-spacerun:yes;font-size:100%;" > </span><span style="font-size:100%;">However, as Jacob Madsen from Deloitte pointed out, it is complicated and expensive to conduct a full LCA on an existing product because your suppliers don’t usually want to provide proprietary information about the contents of their own products.</span><span style="mso-spacerun:yes;font-size:100%;" > </span><span style="font-size:100%;">So how do we push businesses to provide better information such that we can conduct LCAs?</span><span style="mso-spacerun:yes;font-size:100%;" > </span><span style="font-size:100%;">The panel suggested three incentives:</span></p> <p class="MsoListParagraphCxSpFirst" style="text-indent: -0.25in; font-family: times new roman;"><span style="mso-bidi-mso-bidi-theme-font:minor-latin;font-size:100%;" ><span style="mso-list:Ignore">1.<span style="font:7.0pt "Times New Roman""> </span></span></span><span style="font-size:100%;">The opportunity to build and grow your relationship with your business partners who are very successful in the industry and the threat that they may turn to other partners.</span></p> <p class="MsoListParagraphCxSpMiddle" style="text-indent: -0.25in; font-family: times new roman;"><span style="mso-bidi-mso-bidi-theme-font:minor-latin;font-size:100%;" ><span style="mso-list:Ignore">2.<span style="font:7.0pt "Times New Roman""> </span></span></span><span style="font-size:100%;">The prospect to leverage your partner’s green supply chain knowledge to develop better products for yourself.</span></p> <p class="MsoListParagraphCxSpLast" style="text-indent: -0.25in; font-family: times new roman;"><span style="mso-bidi-mso-bidi-theme-font:minor-latin;font-size:100%;" ><span style="mso-list:Ignore">3.<span style="font:7.0pt "Times New Roman""> </span></span></span><span style="font-size:100%;">Non-profits are able to act as intermediaries between a supplier and manufacturer.</span></p> <p style="font-family: times new roman;" class="MsoNormal"><span style="font-size:100%;">An easier approach to green supply chain creation is to start from product design.</span><span style="mso-spacerun:yes;font-size:100%;" > </span><span style="font-size:100%;">Innovate and create products designed to be sustainable.</span><span style="mso-spacerun:yes;font-size:100%;" > </span><span style="font-size:100%;">This is not only a cheaper way of “greening” your supply chain, but also creates additional product cost savings realized through decreased utility costs, waste reduction and efficiency in materials.</span></p> <p style="font-family: times new roman;" class="MsoNormal"><span style="font-size:100%;">There was a large marketing push for green products in the mid-2000s as the economy was experiencing significant growth and firms were looking for a way to differentiate their products.</span><span style="mso-spacerun:yes;font-size:100%;" > </span><span style="font-size:100%;">Drummond Lawson said that it reminded him of what Greenspan said in 1996 referring to the dot-com bubble, “The economy definitely impacts sustainability preferences.</span><span style="mso-spacerun:yes;font-size:100%;" > </span><span style="mso-spacerun:yes;font-size:100%;" > </span><span style="font-size:100%;">In 2007 there was a little bit of ‘irrational exuberance’ about green products.”</span><span style="mso-spacerun:yes;font-size:100%;" > </span><span style="font-size:100%;">With the recession, there has been a reality check, creating change in the industry.</span><span style="mso-spacerun:yes;font-size:100%;" > </span><span style="font-size:100%;">Now companies are must ensure that products aren’t just marketed with “green” branding, but are also financially sustainable and can stand up next to non-green options.</span></p> <p style="font-family: times new roman;" class="MsoNormal"><span style="font-size:100%;">We are taught at Darden, and through Net Impact, that it is possible to be a profitable business and a responsible, respectful world citizen.</span><span style="mso-spacerun:yes;font-size:100%;" > </span><span style="font-size:100%;">Sustainability used to be a type of product differentiation, but as we improve our technology and benchmarking processes, we find that sustainability can be a precompetitive option.</span><span style="mso-spacerun:yes;font-size:100%;" > </span><span style="font-size:100%;">This leads us, as business leaders, to choose innovation in our product design, to not only create more profitability, but also to create a positive impact to our society.</span></p>Bennett Grahamhttp://www.blogger.com/profile/13855753942421166973noreply@blogger.com0tag:blogger.com,1999:blog-6496303685469893843.post-26174759981822223492012-01-26T08:48:00.002-05:002012-01-26T08:53:28.576-05:00Business in Society Conference 2012Please join us next week for the annual Business in Society Conference. We will be blogging and tweeting (@DardenNetImpact) throughout so please stay tuned in! <div><br /></div><div>Details on the conference are listed below and a more detailed schedule can be found on the Net Impact <a href="http://www.darden.virginia.edu/web/MBA/Student-Life/Organizations/Net-Impact/Annual-Conference--2012/">website</a>.</div><div><br /></div><div><br /></div><div><img src="http://www.darden.virginia.edu/web/uploadedImages/Student_Sites/MBA/Student_Life/Organizations/Net_Impact/Header.jpg" border="0" alt="" style="float: left; margin-top: 0px; margin-right: 10px; margin-bottom: 10px; margin-left: 0px; cursor: pointer; width: 800px; height: 161px; " /></div><div><p class="MsoNormal"><o:p> </o:p></p> <p class="MsoNormal"><b><span style="font-size:18.0pt;font-family:"Arial","sans-serif"; font-variant:small-caps"><o:p> </o:p></span></b></p> <p class="MsoNormal"><b><br /></b></p><p class="MsoNormal"><b><br /></b></p><p class="MsoNormal"><b><br /></b></p><p class="MsoNormal"><b><br /></b></p><p class="MsoNormal"><b><br /></b></p><p class="MsoNormal"><b><span style="font-size:16.0pt;font-family:"Garamond","serif";color:#1F497D"><a href="http://forms.darden.virginia.edu/energyClub/">Register Now!</a></span></b><o:p></o:p></p> <p class="MsoNormal"><b><span style="font-size:16.0pt;font-family:"Garamond","serif"; color:#1F497D"><o:p> </o:p></span></b></p> <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse;mso-yfti-tbllook:1184;mso-padding-alt:0in 0in 0in 0in"> <tbody><tr> <td width="631" valign="top" style="width:473.4pt;padding:0in 5.4pt 0in 5.4pt"> <p class="MsoNormal"><span style="font-family:"Garamond","serif"">The </span><a href="http://www.darden.virginia.edu/web/MBA/Student-Life/Organizations/Net-Impact/Annual-Conference--2012/"><span style="font-family:"Garamond","serif";color:#1F497D">Darden Business in Society Conference</span></a><span style="font-family:"Garamond","serif""> is an annual event co-organized by the student-led Net Impact, Energy, Business & Public Policy, and Education Clubs, with support from the Initiative for Business in Society. This year’s theme of “Sustainability and Innovation” will explore how leaders are using business principles to develop innovative solutions to social and environmental challenges.<o:p></o:p></span></p> </td> </tr> </tbody></table> <p class="MsoNormal"><span style="font-family:"Garamond","serif""><o:p> </o:p></span></p> <p class="MsoNormal"><b><span style="font-size:16.0pt;font-family:"Garamond","serif"">Agenda<o:p></o:p></span></b></p> <p class="MsoNormal"><b><i><u><span style="font-family:"Garamond","serif"">Thursday, February 2, 2012<o:p></o:p></span></u></i></b></p> <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse;mso-yfti-tbllook:1184;mso-padding-alt:0in 0in 0in 0in"> <tbody><tr> <td width="151" valign="top" style="width:113.4pt;padding:0in 5.4pt 0in 5.4pt"> <p class="MsoNormal" style="margin-bottom:12.0pt"><b><span style="font-family: "Garamond","serif"">KEYNOTE<o:p></o:p></span></b></p> <p class="MsoNormal" style="margin-bottom:12.0pt"><span style="font-family: "Garamond","serif"">1:30pm – 2:30pm <o:p></o:p></span></p> </td> <td width="480" valign="top" style="width:5.0in;padding:0in 5.4pt 0in 5.4pt"> <p class="MsoNormal" style="margin-bottom:12.0pt"><span style="font-family: "Garamond","serif""><o:p> </o:p></span></p> <p class="MsoNormal" style="margin-bottom:12.0pt"><span style="font-family: "Garamond","serif"">Martha Johnson, Administrator, U.S. General Services Administration<o:p></o:p></span></p> </td> </tr> </tbody></table> <p class="MsoNormal"><b><i><u><span style="font-family:"Garamond","serif"">Friday, February 3, 2012<o:p></o:p></span></u></i></b></p> <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" width="631" style="width:473.4pt;border-collapse:collapse;mso-yfti-tbllook:1184; mso-padding-alt:0in 0in 0in 0in"> <tbody><tr style="mso-yfti-irow:0;mso-yfti-firstrow:yes;height:.3in"> <td width="151" valign="top" style="width:113.4pt;padding:0in 5.4pt 0in 5.4pt; height:.3in"> <p class="MsoNormal" style="margin-bottom:12.0pt"><b><span style="font-family: "Garamond","serif"">PANEL 1</span></b><span style="font-family:"Garamond","serif""><o:p></o:p></span></p> </td> <td width="480" valign="top" style="width:5.0in;padding:0in 5.4pt 0in 5.4pt; height:.3in"> <p class="MsoNormal" style="margin-bottom:12.0pt"><span style="font-family: "Garamond","serif""><o:p> </o:p></span></p> </td> </tr> <tr> <td width="151" valign="top" style="width:113.4pt;padding:0in 5.4pt 0in 5.4pt"> <p class="MsoNormal" style="margin-bottom:12.0pt"><span style="font-family: "Garamond","serif"">8:30am – 9:45am<b><o:p></o:p></b></span></p> </td> <td width="480" valign="top" style="width:5.0in;padding:0in 5.4pt 0in 5.4pt"> <p class="MsoNormal" style="margin-bottom:12.0pt"><span style="font-family: "Garamond","serif"">TRACK 1: Energy Efficiency <o:p></o:p></span></p> </td> </tr> <tr> <td width="151" valign="top" style="width:113.4pt;padding:0in 5.4pt 0in 5.4pt"> <p class="MsoNormal" style="margin-bottom:12.0pt"><span style="font-family: "Garamond","serif"">8:30am – 9:45am<o:p></o:p></span></p> </td> <td width="480" valign="top" style="width:5.0in;padding:0in 5.4pt 0in 5.4pt"> <p class="MsoNormal" style="margin-bottom:12.0pt"><span style="font-family: "Garamond","serif"">TRACK 2: Social Entrepreneurship<o:p></o:p></span></p> </td> </tr> <tr> <td width="151" valign="top" style="width:113.4pt;padding:0in 5.4pt 0in 5.4pt"> <p class="MsoNormal" style="margin-bottom:12.0pt"><b><span style="font-family: "Garamond","serif"">PANEL 2</span></b><span style="font-family:"Garamond","serif""><o:p></o:p></span></p> </td> <td width="480" valign="top" style="width:5.0in;padding:0in 5.4pt 0in 5.4pt"> <p class="MsoNormal" style="margin-bottom:12.0pt"><span style="font-family: "Garamond","serif""><o:p> </o:p></span></p> </td> </tr> <tr> <td width="151" valign="top" style="width:113.4pt;padding:0in 5.4pt 0in 5.4pt"> <p class="MsoNormal" style="margin-bottom:12.0pt"><span style="font-family: "Garamond","serif"">10:00am – 11:15am<o:p></o:p></span></p> </td> <td width="480" valign="top" style="width:5.0in;padding:0in 5.4pt 0in 5.4pt"> <p class="MsoNormal" style="margin-bottom:12.0pt"><span style="font-family: "Garamond","serif"">TRACK 1: Clean Energy Policy<o:p></o:p></span></p> </td> </tr> <tr> <td width="151" valign="top" style="width:113.4pt;padding:0in 5.4pt 0in 5.4pt"> <p class="MsoNormal" style="margin-bottom:12.0pt"><span style="font-family: "Garamond","serif"">10:00am – 11:15am<o:p></o:p></span></p> </td> <td width="480" valign="top" style="width:5.0in;padding:0in 5.4pt 0in 5.4pt"> <p class="MsoNormal" style="margin-bottom:12.0pt"><span style="font-family: "Garamond","serif"">TRACK 2: International Development<o:p></o:p></span></p> </td> </tr> <tr> <td width="151" valign="top" style="width:113.4pt;padding:0in 5.4pt 0in 5.4pt"> <p class="MsoNormal" style="margin-bottom:12.0pt"><b><span style="font-family: "Garamond","serif"">PANEL 3</span></b><span style="font-family:"Garamond","serif""><o:p></o:p></span></p> </td> <td width="480" valign="top" style="width:5.0in;padding:0in 5.4pt 0in 5.4pt"> <p class="MsoNormal" style="margin-bottom:12.0pt"><span style="font-family: "Garamond","serif""><o:p> </o:p></span></p> </td> </tr> <tr> <td width="151" valign="top" style="width:113.4pt;padding:0in 5.4pt 0in 5.4pt"> <p class="MsoNormal" style="margin-bottom:12.0pt"><span style="font-family: "Garamond","serif"">11:30am– 12:45pm<o:p></o:p></span></p> </td> <td width="480" valign="top" style="width:5.0in;padding:0in 5.4pt 0in 5.4pt"> <p class="MsoNormal" style="margin-bottom:12.0pt"><span style="font-family: "Garamond","serif"">TRACK 1: Renewable Energy Financing<o:p></o:p></span></p> </td> </tr> <tr> <td width="151" valign="top" style="width:113.4pt;padding:0in 5.4pt 0in 5.4pt"> <p class="MsoNormal" style="margin-bottom:12.0pt"><span style="font-family: "Garamond","serif"">11:30am– 12:45pm<o:p></o:p></span></p> </td> <td width="480" valign="top" style="width:5.0in;padding:0in 5.4pt 0in 5.4pt"> <p class="MsoNormal" style="margin-bottom:12.0pt"><span style="font-family: "Garamond","serif"">TRACK 2: Technology: New Tools to Enact Education Reform<o:p></o:p></span></p> </td> </tr> <tr> <td width="151" valign="top" style="width:113.4pt;padding:0in 5.4pt 0in 5.4pt"> <p class="MsoNormal" style="margin-bottom:12.0pt"><b><span style="font-family: "Garamond","serif"">PANEL 4</span></b><span style="font-family:"Garamond","serif""><o:p></o:p></span></p> </td> <td width="480" valign="top" style="width:5.0in;padding:0in 5.4pt 0in 5.4pt"> <p class="MsoNormal" style="margin-bottom:12.0pt"><span style="font-family: "Garamond","serif""><o:p> </o:p></span></p> </td> </tr> <tr> <td width="151" valign="top" style="width:113.4pt;padding:0in 5.4pt 0in 5.4pt"> <p class="MsoNormal" style="margin-bottom:12.0pt"><span style="font-family: "Garamond","serif"">2:30pm – 3:45 pm<b><o:p></o:p></b></span></p> </td> <td width="480" valign="top" style="width:5.0in;padding:0in 5.4pt 0in 5.4pt"> <p class="MsoNormal" style="margin-bottom:12.0pt"><span style="font-family: "Garamond","serif"">TRACK 1: Corporate Sustainability<o:p></o:p></span></p> </td> </tr> <tr> <td width="151" valign="top" style="width:113.4pt;padding:0in 5.4pt 0in 5.4pt"> <p class="MsoNormal" style="margin-bottom:12.0pt"><span style="font-family: "Garamond","serif"">2:30pm – 3:45 pm<o:p></o:p></span></p> </td> <td width="480" valign="top" style="width:5.0in;padding:0in 5.4pt 0in 5.4pt"> <p class="MsoNormal" style="margin-bottom:12.0pt"><span style="font-family: "Garamond","serif"">TRACK 2: Innovation and Transformation in Government<o:p></o:p></span></p> </td> </tr> <tr> <td width="151" valign="top" style="width:113.4pt;padding:0in 5.4pt 0in 5.4pt"> <p class="MsoNormal" style="margin-bottom:12.0pt"><b><span style="font-family: "Garamond","serif"">PANEL 5</span></b><span style="font-family:"Garamond","serif""><o:p></o:p></span></p> <p class="MsoNormal" style="margin-bottom:12.0pt"><span style="font-family: "Garamond","serif"">4:00pm – 5:15pm<o:p></o:p></span></p> </td> <td width="480" valign="top" style="width:5.0in;padding:0in 5.4pt 0in 5.4pt"> <p class="MsoNormal" style="margin-bottom:12.0pt"><span style="font-family: "Garamond","serif""><o:p> </o:p></span></p> <p class="MsoNormal" style="margin-bottom:12.0pt"><span style="font-family: "Garamond","serif"">TRACK 1: Green Supply Chains<o:p></o:p></span></p> </td> </tr> <tr> <td width="151" valign="top" style="width:113.4pt;padding:0in 5.4pt 0in 5.4pt"> <p class="MsoNormal" style="margin-bottom:12.0pt"><span style="font-family: "Garamond","serif"">4:00pm – 5:15pm<o:p></o:p></span></p> </td> <td width="480" valign="top" style="width:5.0in;padding:0in 5.4pt 0in 5.4pt"> <p class="MsoNormal" style="margin-bottom:12.0pt"><span style="font-family: "Garamond","serif"">TRACK 2: Entrepreneurship in Education<o:p></o:p></span></p> </td> </tr> <tr> <td width="151" valign="top" style="width:113.4pt;padding:0in 5.4pt 0in 5.4pt"> <p class="MsoNormal"><b><span style="font-family:"Garamond","serif"">RECEPTION<o:p></o:p></span></b></p> <p class="MsoNormal"><span style="font-family:"Garamond","serif""><o:p> </o:p></span></p> <p class="MsoNormal" style="margin-bottom:12.0pt"><span style="font-family: "Garamond","serif"">5:30pm – 7:00pm<o:p></o:p></span></p> </td> <td width="480" valign="top" style="width:5.0in;padding:0in 5.4pt 0in 5.4pt"> <p class="MsoNormal"><span style="font-family:"Garamond","serif""><o:p> </o:p></span></p> <p class="MsoNormal"><span style="font-family:"Garamond","serif""><o:p> </o:p></span></p> <p class="MsoNormal" style="margin-bottom:12.0pt"><span style="font-family: "Garamond","serif"">Closing Reception<o:p></o:p></span></p> </td> </tr> <tr> <td width="151" valign="top" style="width:113.4pt;padding:0in 5.4pt 0in 5.4pt"> <p class="MsoNormal"><span style="font-family:"Garamond","serif""><o:p> </o:p></span></p> </td> <td width="480" valign="top" style="width:5.0in;padding:0in 5.4pt 0in 5.4pt"> <p class="MsoNormal"><span style="font-family:"Garamond","serif""><o:p> </o:p></span></p> </td> </tr> </tbody></table> <p class="MsoNormal"><a href="http://forms.darden.virginia.edu/energyClub/"><b><span style="font-size:16.0pt;font-family:"Garamond","serif";color:#1F497D">Register Now!</span></b></a><b><span style="font-size:16.0pt;font-family:"Garamond","serif"; color:#1F497D"><o:p></o:p></span></b></p> <p class="MsoNormal"><span style="font-family:"Garamond","serif""><o:p> </o:p></span></p> <p class="MsoNormal"><span ><span style="font-size: 21px;"><b><br /></b></span></span></p><p class="MsoNormal"><b><span style="font-size:16.0pt;font-family:"Garamond","serif""><br /></span></b></p></div>Bennett Grahamhttp://www.blogger.com/profile/13855753942421166973noreply@blogger.com0tag:blogger.com,1999:blog-6496303685469893843.post-68029805050277568012011-02-05T16:11:00.002-05:002011-02-05T16:39:56.601-05:00Lots of $, Not Enough OpportunitiesInternational Development is sexy. No doubt about it. It smells like a campfire, wears Toms shoes, carries a Nalgene, listens to indie music, looks like a celebrity special envoy for the UN, and feels good. And oh, by the way, it will make you rich if you play it right. Perhaps this allure is why there is so much money flowing into emerging markets despite a relative paucity in funding opportunities. <div><br /></div><div>Our panelists - Leslie Barcus of Microfinance Management Institute (MFMI), Chinesom Ejisa of Overseas Private Investment Corporation (OPIC), and Jesse Fripp of Shorebank International (SBI) - have seen the financial side of international development up close and remain enthusiastic about its future. The growth of emerging markets will continue to attract capital, and the innovative spirit within these markets has been awoken. That said, our panelists emphasized the need for new metrics to measure not just the financial success of investments, but also the environmental and societal impacts of development projects. They also remain concerned about the gluts created by foreign aid, which only hampers the impact of private investments in emerging markets. </div><div><br /></div><div>As for the future, our panelists seemed to think that governments will need to play less and less of a role in encouraging the attraction of capital to international development projects. Hopefully, such a shift would also lessen the bureaucratic hurdles that still hamper much of the efficacy of private investments into these growing economies. The other major shift in development projects is a growth in small/medium enterprise funding (SME) rather than micofinance loans. These loans are larger and look to fill the "missing middle" through more sustainable investments. </div><div><br /></div><div>Finally, if you're looking to get into international development careers, it is important to brush up on your technical skills - financial analysis, market entry strategy, etc. - while also identifying specific passions for geographies and industries. It's not an easy sector to break into, so be persistent and be innovative. </div>Bennett Grahamhttp://www.blogger.com/profile/13855753942421166973noreply@blogger.com0tag:blogger.com,1999:blog-6496303685469893843.post-17034896444940202892011-02-05T09:39:00.000-05:002011-02-05T09:39:43.332-05:00It’s a dirty job, but somebody’s got to do it…<div dir="ltr" style="text-align: left;" trbidi="on"><div class="MsoNormal" style="margin: 0in 0in 10pt;"><span style="mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><span style="font-family: Calibri;">Well, not “dirty” in the “we promote fossil fuels” kind of way – this was the Renewable Energy panel, after all. Think “dirty” more along the lines of “difficult and demanding,” or something that requires incredible amounts of ingenuity, persistence, and grit.</span></span></div><div class="MsoNormal" style="margin: 0in 0in 10pt;"><span style="mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><span style="font-family: Calibri;">All of our panel participants showcased those characteristics on Wednesday afternoon. Experts in their respective fields of renewable energy – solar, wind, and biomass – they spoke about the ups and downs of a burgeoning, but bumpy, business. Their titles and companies are listed below:</span></span></div><ul type="disc"><li class="MsoNormal" style="color: black; line-height: normal; margin: 0in 0in 10pt; mso-list: l0 level1 lfo1; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; tab-stops: list .5in;"><span style="mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-fareast-font-family: "Times New Roman";"><span style="font-family: Calibri;">Mike Lenox, Associate Dean and Executive Director of the Batten Institute <i>(Moderator)</i> </span></span></li>
<li class="MsoNormal" style="color: black; line-height: normal; margin: 0in 0in 10pt; mso-list: l0 level1 lfo1; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; tab-stops: list .5in;"><span style="mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-fareast-font-family: "Times New Roman";"><span style="font-family: Calibri;">Matthew Markee, President, Recast Energy </span></span></li>
<li class="MsoNormal" style="color: black; line-height: normal; margin: 0in 0in 10pt; mso-list: l0 level1 lfo1; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; tab-stops: list .5in;"><span style="mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-fareast-font-family: "Times New Roman";"><span style="font-family: Calibri;">Thomas Meth, Executive VP, Enviva Sustainable Biomass Resources </span></span></li>
<li class="MsoNormal" style="color: black; line-height: normal; margin: 0in 0in 10pt; mso-list: l0 level1 lfo1; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; tab-stops: list .5in;"><span style="mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-fareast-font-family: "Times New Roman";"><span style="font-family: Calibri;">Eamon Perrel, Director of Business Development, Apex Wind Energy </span></span></li>
<li class="MsoNormal" style="color: black; line-height: normal; margin: 0in 0in 10pt; mso-list: l0 level1 lfo1; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; tab-stops: list .5in;"><span style="mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-fareast-font-family: "Times New Roman";"><span style="font-family: Calibri;">Danny Van Clief, VP Business Development, HelioSage </span></span></li>
</ul><div class="MsoNormal" style="margin: 0in 0in 10pt;"><span style="mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><span style="font-family: Calibri;">A consistent theme during the discussion was that renewable energy companies, especially smaller start-ups, face unique challenges in the post-recession economy. Specifically, Matthew Markee said that the cost and time for project financing was onerous due to the restricted risk appetite of investors. Additionally, Thomas Meth mentioned that cheap electricity prices have hampered the return on projects, making it even more difficult to raise capital. To that point, Danny Van Clief emphasized how important it was to engage in a great deal of marketing to appeal to “patient capital,” and convince investors of a company’s credibility in the industry.</span></span></div><div class="MsoNormal" style="margin: 0in 0in 10pt;"><span style="mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><span style="font-family: Calibri;">Despite this challenging environment, the panelists were tremendously optimistic about opportunities for growth. When asked about what cost efficiencies the industry could realize moving forward, each of them was quick to respond: Danny Van Clief thought that manufacturing costs for solar would decline substantially in the future; Eamon Perrel argued that technology would get cheaper and that there would be greater efficiencies of scale, rendering wind energy more competitive; Thomas Meth cited the learning curve as the main opportunity for biomass; and Matthew Markee mentioned that changing the mindset of biomass suppliers would lead to higher performance in the industry.</span></span></div><div class="MsoNormal" style="margin: 0in 0in 10pt;"><span style="mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><span style="font-family: Calibri;">In sum, the panel was a fitting conclusion to a terrific conference. Thanks again to all of those who participated and attended – we look forward to continuing our discussion of these issues!</span></span></div></div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-6496303685469893843.post-22317299608322289452011-02-03T00:29:00.005-05:002011-02-03T00:58:14.395-05:00Renewable Energy Financing Panel Lively and InformativeDarden Professor <a href="http://www.darden.virginia.edu/web/Faculty-Research/Directory/Full-time/George-Yiorgos-Allayannis/">Yiorgos Allayannis</a> moderated a lively, exciting, and incredibly informative panel discussion on the topic of renewable energy financing. The panel featured five speakers ranging the spectrum in this area, from financers, to developers, to technology providers. The all Darden alumni panel included:<br /><ul><li>Blake Clifton, <a href="http://www.abundantpower.com/">Abundant Power</a></li><li>Terri Denning, <a href="http://www.suzlon.com/about_suzlon/l3.aspx?l1=1&l2=3&l3=7">Suzlon Wind Energy</a></li><li>Matt Dixon, <a href="http://www.enxco.com/">EnXco</a></li><li>Matt Fedors, <a href="http://www.leafcleanenergy.com/">Leaf Clean Energy</a></li><li>Fabricio Soares, <a href="http://www.ashoka.org/">Ashoka</a></li></ul><br /><br /><p>Much of the discussion focused on key policy areas that are either facing the industry now or may be on the horizon. Of particular interest to this crowd was the topic of government support for project financing, including the renewal of the 1603 cash grant as well as the differences between investment and production tax credits. It was loud and clear that government policy, and the various methods to financially incentivize renewable energy project development, is a key driver for the future growth of the industry.</p>Additional topics touched upon included how to assess financial risk for both technology as well as valuations and financial projections. The audience was engaged and excited, with the only disappointment being that we did not have two more hours to answer more questions.<br /><br /><br /><br /><a href="http://4.bp.blogspot.com/_p53VTQ9eFh8/TUpBoZ7mDZI/AAAAAAAAAAc/rp_Ul55X0IM/s1600/REF%2BPanel.JPG"><img style="MARGIN: 0px 10px 10px 0px; WIDTH: 320px; FLOAT: left; HEIGHT: 240px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5569336051608456594" border="0" alt="" src="http://4.bp.blogspot.com/_p53VTQ9eFh8/TUpBoZ7mDZI/AAAAAAAAAAc/rp_Ul55X0IM/s320/REF%2BPanel.JPG" /></a>MegRhttp://www.blogger.com/profile/11921286636605764843noreply@blogger.com1tag:blogger.com,1999:blog-6496303685469893843.post-31224661298458539572011-02-02T22:51:00.003-05:002011-02-02T23:34:01.470-05:00CSR: Fluffy Ain't So Fluffy After All<div>"CSR is in the eye of the beholder."</div><div><br /></div><div>Given the different definitions of 'corporate social responsibility' and 'sustainability', this panel had the difficult task of tackling issues ranging from green packaging to the global financial crisis. The <i>fluffiness </i>of this topic added excitement about how large corporations could impact society but also burdened the audience with the responsibility to make CSR initiatives more relevant to all stakeholders. </div><div><br /></div>The encore appearance of John Reid (VP of CSR for Coca-Cola) as our moderator kicked off this panel with hard questions posed to his fellow panelists - Adam Cooper (Accenture Sustainability Services) and Chrissa Pagitsas (Fannie Mae). <div><br /></div><div>Reid first pushed Cooper and Pagitsas to address the need for improved metrics to measure the value that CSR initiatives have on people, planet, and profit. The challenges of this task became very clear as Cooper explained the problems in measuring avoided cost (e.g. the avoidance of a recall) as a result of CSR/sustainability initiatives. Indeed, Pagitsas confirmed that metrics need to be more tailored towards particular purposes while also standardizing them to facilitate comparison. There were even some suggestions that the non-profit community might have best practice models of metrics that could be copied by corporate entities. </div><div><br /></div><div>Reid then took the conversation a step further as he spoke of the need of CSR/sustainability initiatives to address 'well-being' of all stakeholders. This cutting edge concept is meant to capture a corporation's contribution to the human flourishing of its employees, customers, investors, and supply chain. Reid focused on three key components of 'well-being': personal, social, and natural. He also referenced the work that Gallup has undertaken to create a <a href="http://www.well-beingindex.com/">well-being index</a>. </div><div><br /></div><div>Finally, all three panelists offered sage wisdom for those looking to get involved in CSR/sustainability careers following graduation from Darden: </div><div><br /></div><div>1. Gain a technical expertise even as you gather a general manager's understanding of business.</div><div>2. Don't lose your passion and make CSR your own.<br /><div><br /></div><div>As CSR evolves, there was general consensus that sustainability initiatives will continue to become a part of mainstream business strategy no matter what industry you may end up in.</div></div>Bennett Grahamhttp://www.blogger.com/profile/13855753942421166973noreply@blogger.com0tag:blogger.com,1999:blog-6496303685469893843.post-54057064480130801522011-02-02T19:28:00.009-05:002011-02-02T21:55:49.152-05:00Larry Schweiger, President and CEO of the National Wildlife FederationLarry Schweiger centered his talk around his recent book - "Last Chance: Preserving Life on Earth." As the CEO and President of the National Wildlife Federation, Mr. Schweiger has dedicated his career <img style="MARGIN: 0px 0px 10px 10px; WIDTH: 159px; FLOAT: right; HEIGHT: 240px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5569254804108693826" border="0" alt="" src="http://1.bp.blogspot.com/_Q7RwslcZYxI/TUn3vLaJUUI/AAAAAAAABh0/G7Kr9rQPVzc/s320/Last%2BChance.PNG" />to the preservation of our plant.<br /><br />After highlighting the dramatic impact global warming will have on our plant, Mr. Schweiger addressed the need for a paradigm shift in the energy industry to combat the consequences of global warming. He addressed the need for increased spending to address the problem and stated: "We can either spend 1% of the global GDP on mitigating global warming or face a 5-20% decrease in GDP as a result of its effects."<br /><br />A few of Mr. Schweiger's suggestions:<br /><br /><br /><ul><br /><li>a realistic price for carbon emissions</li><br /><li>an end to imported oil</li><br /><li>off-shore wind production</li><br /><li>more efficient cars</li><br /><li>increased innovation</li><br /><li>CO2 sequestration technologies</li><br /><li>development of 2nd generation feedstocks for ethanol</li><br /><li>smart electricity grids</li></ul><br />Mr. Schweiger noted that other countries, specifically China, are surpassing America in their development and adoption of clean-technologies. He urged our country to match their pace.Katherine B.http://www.blogger.com/profile/17180759303171436879noreply@blogger.com0tag:blogger.com,1999:blog-6496303685469893843.post-4799978046425148232011-02-02T09:03:00.004-05:002011-02-02T10:12:51.627-05:00John Reid, Coke's VP of Corporate Social Responsibility, gives Keynote"I think what you're getting when you get me is eclectic."<br /><br />Indeed, eclectic is the right word to describe John Reid's career. Before becoming the Vice President of Corporate Social Responsibility for The Coca-Cola Company he was involved in many areas of the business: marketing, operations, supply chain management, and strategy. Outside of Coke, he served as the Chief Administrative Officer of the City of Atlanta, Assistant Secretary for Education of New York State, and Deputy Director of State Operations of New York State. To top it all off, Mr. Reid has helped launch five start-up businesses, three in education. <br /><br />With this impressive background, Mr. Reid was in the right position to give us some career advice, greatly welcome at a time when most of us wonder how we can get a job in his field. <br /><br />He talked about collaboration and of aligning your personal goals with those of your team in order to achieve great goals. (Sounds like he took LO back in the day!) To the more qualitative-driven students in the audience (like me!), he stressed the importance of developing analytical skills. He talked about the value of immersing oneself not just in one's job, but in the system as a whole - in his case, having a solid understanding of Coke's business, the bottlers' and of all the steps in the supply chain. Finally, he talked about taking a "left turn."<br /><br />"But I don't even know how to spell the word <span style="font-style:italic;">environment</span>!"<br /><br />This was Mr. Reid's initial reaction when his boss asked him to be the head of Corporate Social Responsibility for Coke. His linear career path took an unexpected turn. He took on the challenge. He took the left turn. Now he focuses most of his time on making sure Coke is responsibly and sustainably managing three areas: water, climate (carbon emissions), and packaging.<br /><br />It's certainly hard to wrap one's head around the impact that Mr. Reid's decisions have on sustainability efforts around the globe. Coke produces 22 products in 206 countries and sells over 500 brands around the world. If I were interviewing for consulting, and knew anything about case interviews, I could probably tell you exactly how many pounds of plastic, glass, and aluminum bear Coke's label on an annual basis. I could also probably tell you how much water is required to make a year's worth of coke products and how much gas you need to transport them. All i can say is that it's a whole lot! <br /><br />The Q&A session that followed Mr. Reid's address tried to get a bit deeper into Coke's sustainability initiatives. For better or worse, Mr. Reid continued to suggest we find answers in Coke's recently published <a href="http://www.thecoca-colacompany.com/citizenship/">2009/2010 sustainability report</a>.Ritahttp://www.blogger.com/profile/10159221065773333160noreply@blogger.com0tag:blogger.com,1999:blog-6496303685469893843.post-44016174915573767912011-02-02T07:18:00.002-05:002011-02-02T07:40:08.468-05:00The Power of Public Private Partnerships<!--[if gte mso 9]><xml> <o:officedocumentsettings> <o:allowpng/> </o:OfficeDocumentSettings> </xml><![endif]--><!--[if gte mso 9]><xml> <w:worddocument> <w:view>Normal</w:View> <w:zoom>0</w:Zoom> <w:trackmoves/> <w:trackformatting/> <w:punctuationkerning/> <w:validateagainstschemas/> <w:saveifxmlinvalid>false</w:SaveIfXMLInvalid> <w:ignoremixedcontent>false</w:IgnoreMixedContent> <w:alwaysshowplaceholdertext>false</w:AlwaysShowPlaceholderText> <w:donotpromoteqf/> <w:lidthemeother>EN-US</w:LidThemeOther> <w:lidthemeasian>X-NONE</w:LidThemeAsian> 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Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:11.0pt; font-family:"Calibri","sans-serif"; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin; mso-bidi-font-family:"Times New Roman"; mso-bidi-theme-font:minor-bidi;} </style> <![endif]--> <p style="text-align: justify;" class="MsoNormal">Somewhere on the King’s Highway in South Africa is a woman struggling with AIDS, and somewhere in Harlem, another woman looking for help with HIV.<span style=""> </span>While the two will likely never meet, they are united in their quest for survival. The women are also connected by a growing group of leaders in the public, private, and civic sectors who are tackling important global challenges with public private partnerships to reach individuals like them.<span style=""> </span><br /></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="MsoNormal">Several experts in public private partnerships gathered at the Darden Net Impact Conference yesterday to discuss the topic. Moderated by Darden’s own Mary Margaret Frank, panelists included the following:</p><div style="text-align: justify;"> </div><ul style="text-align: justify;"><li><span style="font-family: Symbol;"><span style=""><span style="font: 7pt "Times New Roman";"> </span></span></span>Mary Ann Leeper, Darden professor</li><li><span style="font-family: Symbol;"><span style=""><span style="font: 7pt "Times New Roman";"></span></span></span> John Newsome, Global Business Connection on HIV/AIDS, Tuberculosis, and Malaria<span style="font-family: Symbol;"><span style=""><span style="font: 7pt "Times New Roman";"></span></span></span></li><li><span style="font-family: Symbol;"><span style=""><span style="font: 7pt "Times New Roman";"></span></span></span>Rob Schneider, United States Agency for International Development<span style="font-family: Symbol;"><span style=""><span style="font: 7pt "Times New Roman";"></span></span></span></li><li><span style="font-family: Symbol;"><span style=""><span style="font: 7pt "Times New Roman";"> </span></span></span>Kevin Yocum, Brink’s Company</li></ul><div style="text-align: justify;"> </div><p style="text-align: justify;" class="MsoNormal">Speakers described public private partnerships as <b style="">alliances of organizations with shared common goals</b>.<span style=""> </span>Historically such partnerships focused primarily on business synergies. Today they have become increasingly sophisticated in their ability to unite diverse actors and communities and to leverage the unique expertise each of those partners.<span style=""> </span>Public private partnerships are addressing increasingly diverse and complex challenges, from the distribution of female condoms in Washington, DC to access to drugs to fight HIV/AIDs.<span style=""> </span></p><div style="text-align: justify;"> </div><p style="text-align: justify; color: rgb(0, 0, 0);" class="MsoNormal">The panel highlighted many characteristics of successful public private partnerships.<span style=""> </span>To succeed, such alliances should: </p><div style="text-align: justify; color: rgb(0, 0, 0);"> </div><ul style="text-align: justify; color: rgb(0, 0, 0);"><li><span style="font-family: Symbol;"><span style=""><span style="font: 7pt "Times New Roman";"></span></span></span>Identify and measure key important challenges</li><li><span style="font-family: Symbol;"><span style=""><span style="font: 7pt "Times New Roman";"></span></span></span>Develop relationships with people and organizations with relevant expertise</li><li><span style="font-family: Symbol;"><span style=""><span style="font: 7pt "Times New Roman";"></span></span></span>Convince key stakeholders of the power of a public private partnership </li><li><span style="font-family: Symbol;"><span style=""><span style="font: 7pt "Times New Roman";"></span></span></span>Utilize the relevant skills of every partner to find and implement innovative solutions </li><li><span style="font-family: Symbol;"><span style=""><span style="font: 7pt "Times New Roman";"></span></span></span>Employ rigorous analytics to measure their impact</li></ul><div style="text-align: justify; color: rgb(0, 0, 0);"> </div><p style="text-align: justify; color: rgb(0, 0, 0);" class="MsoNormal">The power of these partnerships is profound, and in closing, Mary Margaret Frank challenged each of us to use the powerful skill set 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font-size:11.0pt; font-family:"Calibri","sans-serif"; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin; mso-bidi-font-family:"Times New Roman"; mso-bidi-theme-font:minor-bidi;} </style> <![endif]-->Emily Fogelberghttp://www.blogger.com/profile/09597369095201584488noreply@blogger.com0tag:blogger.com,1999:blog-6496303685469893843.post-33776066685994755442011-01-31T22:11:00.007-05:002011-01-31T23:41:26.595-05:00Thomas Farrell from Dominion Resources Kicks Off People+Planet=ProfitAs many of you know, today was the first day of the Net Impact & Energy Club annual event: <a href="http://www.darden.virginia.edu/web/MBA/Student-Life/Organizations/Net-Impact/Events/">People+Planet=Profit: Rewriting the Business Equation</a>. And what better way to begin things than with a Leadership Speaker Series talk from Thomas Farrell, CEO of <a href="http://www.dom.com/">Dominion Resources</a>.<br /><br /><p>Mr. Farrell spoked to a packed crowd, giving a thought provoking and enlightening talk on the state of the energy industry the challenges and opportunities we face in looking towards a more sustainable and clean energy future.</p>He focused on talk on three main areas:<br /><ul><li><u>Introduction to Dominion Resources</u>: a large Virginia-based utility and power generation company with a long history of strong values and commitment to the community</li><br /><li><u>State of the energy industry</u>: There is no silver bullet in the energy and carbon equation; a significant % of energy will continue to come from fossil fuels in order to meet energy demands. Instead, we all must look at a combiniation of resources, technologies, and potential innovations in order to drive change while still delivering on the much </li><br /><li><u>What it will take to create a sustainable energy future</u>: we need a coherent energy policy that diversifies energy sources, thinks big, and take strong steps towards great efficiency and conservation.</li></ul><br /><p>It was a thoroughly enlightening talk, followed by great Q&A from an energized crowd. A transcript of Mr. Farrell's speech can be found <a href="http://www.dom.com/about/executive-perspective/013111.jsp">here</a>.</p>And please join us for some of the many great speakers and panels that we will be hosting over the next two days. For a full list of participants, as well as location and time info, please visit our <a href="http://www.darden.virginia.edu/web/MBA/Student-Life/Organizations/Net-Impact/Events/">event website</a>.<br /><br /><a href="http://4.bp.blogspot.com/_p53VTQ9eFh8/TUeOi5PTxEI/AAAAAAAAAAU/7kd9Db3Njuo/s1600/2011Conference.jpg"><img style="MARGIN: 0px 10px 10px 0px; WIDTH: 355px; FLOAT: left; HEIGHT: 81px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5568576194398635074" border="0" alt="" src="http://4.bp.blogspot.com/_p53VTQ9eFh8/TUeOi5PTxEI/AAAAAAAAAAU/7kd9Db3Njuo/s320/2011Conference.jpg" /></a><br /><br /><a href="http://2.bp.blogspot.com/_p53VTQ9eFh8/TUd8Ny-Fh0I/AAAAAAAAAAM/ejMkMeMpATc/s1600/2011Conference_small.jpg"></a>MegRhttp://www.blogger.com/profile/11921286636605764843noreply@blogger.com0tag:blogger.com,1999:blog-6496303685469893843.post-78725502955198489362011-01-03T16:22:00.002-05:002011-01-03T17:03:33.728-05:00Reflections on Darden Net Impact's Fall 2010<p class="MsoNormal"><span style="color:#1F497D;mso-bidi-font-weight:bold">Wow, what a privilege. For the past 9 months that I’ve served as president, I’ve been humbled and inspired by the brains and brawns of our Darden Net Impact community.<span style="mso-spacerun:yes"> </span>We are a growing and thriving community – I would like to share with you a little about how we have grown and what we have accomplished so far.</span><span class="Apple-style-span" style="color: rgb(31, 73, 125); "> </span></p> <p class="MsoNormal"><span style="color:#1F497D;mso-bidi-font-weight:bold">Our community has shown the smarts to recognize that the business equation is changing.<span style="mso-spacerun:yes"> </span>They are exploring trends in sustainability, social enterprise, international development (and many more fields) with a curiosity that is not blinded by altruism, but rather fueled by confidence that their Darden MBA is preparing them to drive change and make things better for people, business and the environment.</span><span class="Apple-style-span" style="color: rgb(31, 73, 125); "> </span></p> <p class="MsoNormal"><span style="color:#1F497D;mso-bidi-font-weight:bold">And our community has shown the strength to pursue jobs and companies they are passionate about.<span style="mso-spacerun:yes"> </span>They proactively build their own unique networks, find their niche, strike out their own path.<span style="mso-spacerun:yes"> </span>Whether this is addressing sustainability in their operations role in a traditional profit-driven firm, starting their own company that tackles a social issue, or everything in between, our members find a way to nurture their commitment to creating change.</span></p> <p class="MsoNormal"><span style="color:#1F497D;mso-bidi-font-weight:bold">This fall, Darden Net Impact demonstrated our collective strength and the power of our community.<span style="mso-spacerun:yes"> </span>Check out what we’ve done in just the past 5 months of Fall 2010….</span><b><span style="color:#1F497D"><o:p> </o:p></span></b></p> <p class="MsoNormal"><b><span style="color:#1F497D">Here are some of the <u>NEW</u> initiatives we launched this fall:</span></b><span style="color:#1F497D"><o:p></o:p></span></p> <ul style="margin-top:0in" type="disc"> <li class="MsoNormal" style="color:#1F497D;mso-list:l1 level1 lfo1;tab-stops: list .5in"><span style="mso-fareast-font-family:"Times New Roman"">Created Net Impact Blog<o:p></o:p></span></li> <li class="MsoNormal" style="color:#1F497D;mso-list:l1 level1 lfo1;tab-stops: list .5in"><span style="mso-fareast-font-family:"Times New Roman"">Launched Net Impact Career Google site<o:p></o:p></span></li> <li class="MsoNormal" style="color:#1F497D;mso-list:l1 level1 lfo1;tab-stops: list .5in"><span style="mso-fareast-font-family:"Times New Roman"">Started weekly Net Impact “digest” email to replace ad hoc emails<o:p></o:p></span></li> <li class="MsoNormal" style="color:#1F497D;mso-list:l1 level1 lfo1;tab-stops: list .5in"><span style="mso-fareast-font-family:"Times New Roman"">Organized a Net Impact Job Trek to DC in December and collaborated with the GMO trek<o:p></o:p></span></li> <li class="MsoNormal" style="color:#1F497D;mso-list:l1 level1 lfo1;tab-stops: list .5in"><span style="mso-fareast-font-family:"Times New Roman"">Started a Darden Net Impact Alumni Linked In Group<o:p></o:p></span></li> <li class="MsoNormal" style="color:#1F497D;mso-list:l1 level1 lfo1;tab-stops: list .5in"><span style="mso-fareast-font-family:"Times New Roman"">Combined forces with the Energy Club to make our annual event Feb 2 bigger and better than ever<o:p></o:p></span></li> <li class="MsoNormal" style="color:#1F497D;mso-list:l1 level1 lfo1;tab-stops: list .5in"><span style="mso-fareast-font-family:"Times New Roman"">Connected with undergrad groups at UVA, namely SEED (student entrepreneurs for economic development) and the Sustainability Council<o:p></o:p></span></li> <li class="MsoNormal" style="color:#1F497D;mso-list:l1 level1 lfo1;tab-stops: list .5in"><span style="mso-fareast-font-family:"Times New Roman"">Compiled Net Impact-related Darden Business Projects for second years<o:p></o:p></span></li> <li class="MsoNormal" style="color:#1F497D;mso-list:l1 level1 lfo1;tab-stops: list .5in"><span style="mso-fareast-font-family:"Times New Roman"">Created a google doc to compile Net Impact-related conferences, case competition, business plan competitions and shared with other Net Impact chapters at other schools <o:p></o:p></span></li> <li class="MsoNormal" style="color:#1F497D;mso-list:l1 level1 lfo1;tab-stops: list .5in"><span style="mso-fareast-font-family:"Times New Roman"">Formed, for the first time, a Net Impact Building Goodness in April (BGiA) team formed<o:p></o:p></span></li> <li class="MsoNormal" style="color:#1F497D;mso-list:l1 level1 lfo1;tab-stops: list .5in"><span style="mso-fareast-font-family:"Times New Roman"">Ran the Darden Farmers Market every week this fall<o:p></o:p></span></li> <li class="MsoNormal" style="color:#1F497D;mso-list:l1 level1 lfo1;tab-stops: list .5in"><span style="mso-fareast-font-family:"Times New Roman"">Doubled attendance at <a name="_GoBack"></a>national Net Impact conference in Ann Arbor, MI</span></li></ul><b><span style="color:#1F497D">Events we held this fall:</span></b><br /><ul style="margin-top:0in" type="disc"> <li class="MsoNormal" style="color:#1F497D;mso-list:l2 level1 lfo2;tab-stops: list .5in"><span style="mso-fareast-font-family:"Times New Roman"">Discussions and presentations with:</span></li></ul><ul style="margin-top:0in" type="disc"><ul style="margin-top:0in" type="circle"> <li class="MsoNormal" style="color:#1F497D;mso-list:l0 level2 lfo3;tab-stops: list 1.0in"><span style="mso-fareast-font-family:"Times New Roman"">Alan Hinchman, GE water</span></li><li class="MsoNormal" style="color:#1F497D;mso-list:l0 level2 lfo3;tab-stops: list 1.0in"><span style="mso-fareast-font-family:"Times New Roman"">Environmental Defense Fund Climate Corps Fellow & Will Teichmann, Sustainability Consultant for Target and Darden alum<o:p></o:p></span></li> <li class="MsoNormal" style="color:#1F497D;mso-list:l0 level2 lfo3;tab-stops: list 1.0in"><span style="mso-fareast-font-family:"Times New Roman"">Kirk Myers, CSR Manager at REI<o:p></o:p></span></li> <li class="MsoNormal" style="color:#1F497D;mso-list:l0 level2 lfo3;tab-stops: list 1.0in"><span style="mso-fareast-font-family:"Times New Roman"">Dave Miller, President of Dupont’s Electronics & Communications division<o:p></o:p></span></li> <li class="MsoNormal" style="color:#1F497D;mso-list:l0 level2 lfo3;tab-stops: list 1.0in"><span style="mso-fareast-font-family:"Times New Roman"">Craig Redmond, VP at Mercy Corps<o:p></o:p></span></li> <li class="MsoNormal" style="color:#1F497D;mso-list:l0 level2 lfo3;tab-stops: list 1.0in"><span style="mso-fareast-font-family:"Times New Roman"">Stuart Yasgur, Managing Director at Ashoka<o:p></o:p></span></li> <li class="MsoNormal" style="color:#1F497D;mso-list:l0 level2 lfo3;tab-stops: list 1.0in"><span style="mso-fareast-font-family:"Times New Roman"">Pat Nicklin, Managing Director at Share our Strength and Darden alum<o:p></o:p></span></li> <li class="MsoNormal" style="color:#1F497D;mso-list:l0 level2 lfo3;tab-stops: list 1.0in"><span style="mso-fareast-font-family:"Times New Roman"">Greg Johnson, Senior VP, Bank of America<o:p></o:p></span></li> <li class="MsoNormal" style="color:#1F497D;mso-list:l0 level2 lfo3;tab-stops: list 1.0in"><span style="mso-fareast-font-family:"Times New Roman"">Elizabeth Mercer of Acumen Fund<o:p></o:p></span></li> </ul> </ul> <ul style="margin-top:0in" type="disc"> <li class="MsoNormal" style="color:#1F497D;mso-list:l2 level1 lfo2;tab-stops: list .5in"><span style="mso-fareast-font-family:"Times New Roman"">Faculty Seminar Series with:<o:p></o:p></span></li> </ul> <ul style="margin-top:0in" type="disc"> <ul style="margin-top:0in" type="circle"> <li class="MsoNormal" style="color:#1F497D;mso-list:l3 level2 lfo4;tab-stops: list 1.0in"><span style="mso-fareast-font-family:"Times New Roman"">Mike Lenox, Associate Dean & Director of the Batten Institute<o:p></o:p></span></li> <li class="MsoNormal" style="color:#1F497D;mso-list:l3 level2 lfo4;tab-stops: list 1.0in"><span style="mso-fareast-font-family:"Times New Roman"">Peter Rodriuguez, Director of the Center for Global Initiatives at Darden<o:p></o:p></span></li> <li class="MsoNormal" style="color:#1F497D;mso-list:l3 level2 lfo4;tab-stops: list 1.0in"><span style="mso-fareast-font-family:"Times New Roman"">Greg Fairchild, Executive Director of Darden’s Taylor Murphy Center<o:p></o:p></span></li> </ul> </ul> <ul style="margin-top:0in" type="disc"> <li class="MsoNormal" style="color:#1F497D;mso-list:l2 level1 lfo2;tab-stops: list .5in"><span style="mso-fareast-font-family:"Times New Roman"">Held panel on “How to get an internship in CSR” <o:p></o:p></span></li> <li class="MsoNormal" style="color:#1F497D;mso-list:l2 level1 lfo2;tab-stops: list .5in"><span style="mso-fareast-font-family:"Times New Roman"">FY Focus Group on Darden’s sustainability curriculum<o:p></o:p></span></li> <li class="MsoNormal" style="color:#1F497D;mso-list:l2 level1 lfo2;tab-stops: list .5in"><span style="mso-fareast-font-family:"Times New Roman"">Local food cooking challenge & social event with the Wine & Cuisine Club<o:p></o:p></span></li> <li class="MsoNormal" style="color:#1F497D;mso-list:l2 level1 lfo2;tab-stops: list .5in"><span style="mso-fareast-font-family:"Times New Roman"">Prep session for the national Net Impact Conference <o:p></o:p></span></li> <li class="MsoNormal" style="color:#1F497D;mso-list:l2 level1 lfo2;tab-stops: list .5in"><span style="mso-fareast-font-family:"Times New Roman"">Fiscal Debt event with the Committee for Economic Development and the Business & Public Policy club<o:p></o:p></span></li> <li class="MsoNormal" style="color:#1F497D;mso-list:l2 level1 lfo2;tab-stops: list .5in"><span style="mso-fareast-font-family:"Times New Roman"">Networking Prep session for First Years<o:p></o:p></span></li> <li class="MsoNormal" style="color:#1F497D;mso-list:l2 level1 lfo2;tab-stops: list .5in"><span style="mso-fareast-font-family:"Times New Roman"">Happy Hour/Networking event with the Entrepreneurship & Venture Capital Club, Energy club, and Business & Public Policy club<o:p></o:p></span></li> <li class="MsoNormal" style="color:#1F497D;mso-list:l2 level1 lfo2;tab-stops: list .5in"><span style="mso-fareast-font-family:"Times New Roman"">Net Impact Job Trek to DC visiting: US Chamber of Commerce’s President of International Development, Technoserve, Share Our Strength, Community Wealth Ventures, Marriott, Chemonics, Whole Foods, IBM Consulting, Mars, National Park Service, Booz Allen Hamilton, Frontier Strategy Group, & Serco Consulting.<o:p></o:p></span></li></ul>Natalie S.http://www.blogger.com/profile/14074637321484577915noreply@blogger.com0tag:blogger.com,1999:blog-6496303685469893843.post-5578749115760307012010-11-29T00:21:00.004-05:002010-11-29T17:25:48.094-05:00Community-Building: A Growth Industry<p class="MsoNormal">On the eve of Black Friday, I found myself reflecting on what a pure holiday Thanksgiving is.<span style="mso-spacerun:yes"> </span>The only expectations are food and family – no gifts, no jingles, no tensions between the secular and holy.<span style="mso-spacerun:yes"> </span><span style="mso-spacerun:yes"> </span>It is a simple time of thankfulness.<span style="mso-spacerun:yes"> </span><o:p></o:p></p> <p class="MsoNormal">Perhaps I will eat my words as an executive one day, but I find it unfortunate that Black Friday and its inauguration of ‘consumerism season’ continue to eat away at the quaint holiday of Thanksgiving.<span style="mso-spacerun:yes"> </span>Thanksgiving should not just be the calm before the storm.<span style="mso-spacerun:yes"> </span>Those 90 minutes around the dinner table should always trump the 4am deal for a $298 40-inch flat-screen LED Toshiba.<span style="mso-spacerun:yes"> </span><o:p></o:p></p> <p class="MsoNormal">But we live in the age of the deal.<span style="mso-spacerun:yes"> </span>We sit around our computers for hours just waiting for the eBay auction to finish or for the next Groupon.<span style="mso-spacerun:yes"> </span>But what are we missing?<span style="mso-spacerun:yes"> </span>I’m all for thrift, but isn’t our family time worth something as well?<span style="mso-spacerun:yes"> </span><o:p></o:p></p> <p class="MsoNormal">According to the <a href="http://www.cultofmac.com/after-world-peace-ipad-tops-christmas-wish-list/68745">Consumer Electronics Association</a>, it seems that the merriness of Christmas is not quite dead either, as the thing most adults still wish for during the holidays is happiness or peace.<span style="mso-spacerun:yes"> </span>I was surprised.<span style="mso-spacerun:yes"> </span>I was less surprised when laptops and iPads were close runners-up, but it reminded me that people still desire to know and be known by others.<span style="mso-spacerun:yes"> </span>The eggnog with brothers may in fact be worth far more than the stereo system after all. <o:p></o:p></p> <p class="MsoNormal">However, a corporation can only sell the eggnog; the brothers and sisters are not included.<span style="mso-spacerun:yes"> </span>Nonetheless, it raises a very interesting proposition: how can corporations create goods that facilitate community?<span style="mso-spacerun:yes"> </span>Most commercials over the next month will include either a kissing couple or a family opening presents Christmas morning, so community obviously sells widgets. <span style="mso-spacerun:yes"> </span>But how are corporations not just marketing their goods via emotional persuasion, but also producing goods that bring friends and family together? <o:p></o:p></p> <p class="MsoNormal">The food and drink industry easily has the largest market share when it comes to “community-building,” but social networking may not be far behind. <span style="mso-spacerun:yes"> </span>As technology evolves and transportation becomes cheaper, the business of “community-building” will continue to grow.<span style="mso-spacerun:yes"> </span>One can quickly find cross-industry success stories in this space: Chick-Fil-A, Southwest Airlines, Mattel, and Disney are just a few that come to mind as companies producing goods that facilitate community interactions alongside billions of dollars in revenue.<span style="mso-spacerun:yes"> </span><o:p></o:p></p> <p class="MsoNormal">Hosts of people have retreated to technological innovations such as Facebook and Twitter to recreate the lost sense of kinship, but more creativity is needed to capture this market for “community.” However, anyone who thinks it will be an easy market to enter should be forewarned.<span style="mso-spacerun:yes"> </span>After all, you are competing with turkey and eggnog.<span style="mso-spacerun:yes"> </span><o:p></o:p></p> <p class="MsoNormal">Happy Thanksgiving!<o:p></o:p></p>Bennett Grahamhttp://www.blogger.com/profile/13855753942421166973noreply@blogger.com0tag:blogger.com,1999:blog-6496303685469893843.post-52212327830952381422010-11-15T06:40:00.002-05:002010-11-15T06:45:58.946-05:00Net Impact Conference Recap<p style="text-align: left;">Nearly a year to the day after I first visited North Grounds as a prospective student, I found myself en route to the <a href="http://2010.netimpact.org/" target="_blank">18th Annual Net Impact Conference</a> in Ann Arbor, Michigan, with a group of twenty-four of my new Darden friends and classmates.</p> <p style="text-align: left;">Net Impact is an organization with chapters around the world seeking, “to inspire, educate, and equip individuals to use the power of business to create a more socially and environmentally sustainable world.” It is precisely that vision and my own desire to make a global impact in my career that led me to business school.</p> <p style="text-align: left;">Amidst the frenzy of our first hundred cases, however, it became easy to focus only on t-accounts that didn’t balance, on models that didn’t actually forecast, and on club meetings offering pizza before learning team. The conference encouraged me to stop and reflect on the bigger picture. </p> <p style="text-align: left;">Net Impact reminded me of the transformative power of ideas. Corporations are tackling issues of environmental sustainability and corporate responsibility with new and creative initiatives. Nonprofits are collaborating in unprecedented ways. Entrepreneurs are developing innovative plans to address market needs while also serving the community. I was excited to see that there are opportunities for all of us to engage in each of these sectors.</p> <p style="text-align: left;">The conference created an important forum of exchange for the growing number of students and professionals committed to these ideas. We spent the weekend with 2,500 attendees, including MBA students, founders of non-profits, corporate executives, leading scholars and accomplished entrepreneurs. Whether discussing a business plan at breakfast or corporate social responsibility over dinner, it was inspiring to delve into conversations with so many diverse individuals. I returned to Charlottesville feeling recharged.</p> <p style="text-align: left;">Maybe most importantly, the weekend showed me the strength of the vibrant <a href="http://www.darden.virginia.edu/web/MBA/Student-Life/Organizations/Net-Impact/Net-Impact/" target="_blank">Net Impact</a> community right here at Darden. We sent our largest delegation yet to a Net Impact conference with the support of the <a href="http://www.darden.virginia.edu/corporate-ethics/" target="_blank">Business Roundtable Institute for Corporate Ethics</a> and the <a href="http://www.darden.virginia.edu/web/Olsson-Center-for-Applied-Ethics/" target="_blank">Olsson Center</a>. It was an important opportunity not only to build our network beyond Darden but also to interact with each other outside the classroom. We have a committed and engaged group in Net Impact, and I look forward to sharing the next 18 months with them.</p> <p style="text-align: left;">Back on Grounds, Term 3 is now in full swing with bond pricing and storyboard building. 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mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:11.0pt; font-family:"Calibri","sans-serif"; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin; mso-bidi-font-family:"Times New Roman"; mso-bidi-theme-font:minor-bidi;} </style> <![endif]-->Emily Fogelberghttp://www.blogger.com/profile/09597369095201584488noreply@blogger.com0tag:blogger.com,1999:blog-6496303685469893843.post-72557512509412502762010-11-14T10:16:00.001-05:002010-11-14T10:39:09.477-05:00Welcome to Our New Blog!<div class="entry-content"><div class="entry-body">Net Impact is a national organization with a mission to “inspire, educate, and equip individuals to use the power of business to create a more socially and environmentally sustainable world.” Here at Darden, our Net Impact Chapter has focused its initiatives around engaging the student body on social initiatives and providing new paradigms to look at business opportunities and challenges. We have focused our current efforts to align with student interests around the areas of:<br />
<ul><li>Social Entrepreneurship</li>
<li>Socially Responsible Investing</li>
<li>Corporate Social Responsibility</li>
<li>Environment & Green Business</li>
<li>Microfinance</li>
<li>International & Community Development</li>
<li>Non-Profit Management & Foundations</li>
</ul>We are excited to introduce this blog as a way of communicating our thoughts and ideas with the Darden student body, Net Impacters at other schools, and greater community members who share the passion and vision to strive for a more socially and environmentally sustainable world.</div></div>Net Impact Dardenhttp://www.blogger.com/profile/01690358416262520703noreply@blogger.com0