The Wall Street Journal reports that the Tulsa Race Massacre of 1921 is now an MBA case study at Harvard Business School.
“After George Floyd’s killing last year, Harvard Business School Professor Mihir Desai says he channeled his thoughts and emotions the best way he knew how—by writing a case study,” WSJ reports Thursday (June 3).
“His aim was to design a classroom exercise that would give MBA students a deeper understanding of the country’s racial scars and what role businesses might have in processing them, he says. He soon seized on a historical event he felt deserved more attention: the Tulsa Race Massacre of 1921, in which armed white mobs attacked Greenwood, a prosperous, albeit segregated Black neighborhood in the Oklahoma city that later came to be known as Black Wall Street. Over 24 hours, as many as 300 people were killed and more than 190 of the community’s businesses burned to the ground.”
Desai’s case study, “The Tulsa Massacre and the Call for Reparations,” “asks students to explore ways to reckon with the attack’s financial fallout for its victims and their descendants,” WSJ reports. “He uses the Tulsa case as a launchpad to discuss the use of reparations to respond to the effects of slavery in the U.S. and its aftermath. Students are also asked to consider the role of business in addressing racial-justice issues more broadly.”
Nonprofit-bound MBAs could win full-ride scholarship at Chicago Booth
The University of Chicago Booth School of Business is offering up to a full-ride Booth MBA through the Civic Scholars Program for nonprofit and government professionals, with specialized programming led by the Rustandy Center for Social Sector Innovation.
The program promises to provide the tools for resiliency and growth in the social sector, with participants quickly translating their learnings into practice, illustrating the value of the rigor of an MBA degree and the networking opportunities among cohorts, other MBA students, and industry leaders and alumni in the civic space. As current Civic Scholar, Jason Quiara, chief strategy and partnerships officer at ConnectED: The National Center for College & Career, puts it: ”There are a lot of leaders who are content experts in the nonprofit sector. But, we need skills in finance, marketing, and business, which is what the MBA provides.”
Launched in 2016 with support from the Neubauer Family Foundation, the Civic Scholars Program gives full scholarships the students who commit to staying in the government or nonprofit sector for at least three years after graduation. Cohorts are admitted each fall, and, in addition to taking Booth courses, receive specialized programming, dedicated faculty directors, and unique opportunities to engage with practitioners in the social sector.
Rare Beacon Award given to ISB team
Every year, Graduate Business Forum, a global network of current and former student leaders from the world’s top MBA and graduate business programs, selects two exceptional student leaders or teams to win the global GBF Leadership Awards: the “Student Leadership Award” and the “Responsible Leadership Award” as a recognition of the contributions of students to their institutions, community, and/or society. The winners are role models for student leadership and responsible leadership at the global level and have succeeded in making a significant impact within the graduate business community or society. They also have a special Beacon Award which has been awarded only twice before in their more than 30-year history.
This year, in the recently concluded Graduate Business Conference on May 29, the Beacon Award was awarded to the Graduate Student Board team of Indian School of Business, Mohali Campus.
“While the Student Leadership Award was never intended to recognize the response to a single event in history, the GBF realized these accomplishments deserved special recognition,” according g to the announcement. “In keeping with ideals of virtuous leadership, global citizenship, and innovation for positive change, GBF created the Beacon Award. In these rare occasions, another version of leader emerges. These leaders run to the scene as others run away. They pit their intelligence, creativity, and will-to succeed despite despair and destruction all around. The nomination from ISB was one of the comprehensive in 30+ year of GBF history.”
Cornell hotel school partners with Peking on new dual degree
Seeking to strengthen global academic connections across political and cultural differences, Cornell has announced its approval for an international dual-degree program between the School of Hotel Administration, in the Cornell SC Johnson College of Business, and China’s Guanghua School of Management at Peking University.
The new program — a part-time program designed for executive professionals residing in China — received approval from the Graduate Committee of the Graduate School; the Committee for Academic Programs and Policies in the Faculty Senate; and the International Council.
“I appreciate the careful discussion that this program has provoked. Cornell has a long history of working with academic partners around the world,” Kotlikoff said. “These collaborations are vital to our mission of teaching, discovery and engagement, and we encourage responsible collaborations even in countries with which we might have fundamental disagreements.
“The knowledge-sharing and real-world solutions that these relationships produce benefit the citizens of our partner countries” he said, “and in the long run contribute to the betterment of our shared global community.”
12 startups to compete for $1M in the 25th anniversary finals of the Edward L. Kaplan, ’71, New Venture Challenge
The Polsky Center for Entrepreneurship and Innovation has announced the 12 teams selected to compete in the finals of the 25th annual Edward L. Kaplan, ’71, New Venture Challenge, one of the nation’s oldest and richest student startup accelerators. Founded in 1996 at the University of Chicago Booth School of Business, the NVC has graduated nearly 370 companies that remain active today, including household names such as Grubhub, Braintree and Simple Mills. They have raised more than $1.2 billion and achieved $8.5 billion in mergers and exits.
On June 3, the 2021 finalist teams will present their business plans to a panel of judges and investors for a chance at investment. This year’s investment pool is at least $1 million, on track to be the largest in the contest’s history.