Team of MBA Students Third in International Business Plan Competition
Four Monterey Institute MBA students traveled to the World Economic Forum in Davos, Switzerland in January to compete in the final round of the international Business for a Better World competition, sponsored by Corporate Knights and the Schulich School of Business. The MIIS quartet beat out teams from 20 other universities around the world to reach the final three.
Not surprisingly for the Monterey Institute, the students traveled to Davos from four different locations around the world. Mary Vargo (MBA ’14), Morgan Rogge (MBA/MAIEP ’14), John Foss (MBA ’13), and James Shirreff (MBA/MAIEP ’14) respectively traveled from St. Thomas, El Salvador, New Hampshire and England.
The students worked hard to get to final three, spending hundreds of hours on research and analysis to come up with solid recommendations for a more sustainable future for Canada’s largest company, Suncor. “We had to delve into the oil industry and many other subjects that we knew little about,” shares Mary Vargo of the very steep learning curve, “but we had enormous support from (GSIPM) Dean (Yuwei) Shi, and Professor Sandra Dow as well as fellow students and staff members at the Monterey Institute.” John Foss adds: “It was truly amazing and I think we really pushed ourselves.”
The team’s presentation in Davos went very well and they were awarded third place, carrying a $2,000 prize. “The MIIS team was the thought leader in this competition,” says Dean Shi. “Their work treads convincingly beyond corporate social responsibility and shows an exciting direction to businesses that are looking past the one-, five- or even ten-year horizon. We are very proud of the team’s achievement.”