Food for Thought: Questions From the National Net Impact Conference

This post was written by Arielle Tatar ‘18

As members of The Sustainable Innovation MBA’s local chapter, Sarah Healey ‘18 and I attended the national Net Impact conference in Atlanta, GA in late-October.

All the sessions and keynotes were, of course, very informative and interesting (I am happy to share my notes to anyone who is interested in the speakers and discussions. Email me your contact information).

However, I’d like to challenge you to think about different perspectives of sustainability. I attended multiple small group sessions revolving around the food and agriculture industries. The following questions were brought up by either the speakers or members of the audience.

Topic: Sustainable Agriculture in the 21st Century:

Panelists: Jerry Lynch, VP of Sustainability, General Mills; Keith Kenny, VP of Sustainability, McDonald’s; Shari Rogge-Fidler, CEO, Applied Geosolutions; Will Harris, 6th generation Georgia farmer

  1. There​ ​are​ ​struggles​ ​with​ ​commodities​ ​that​ ​are​ ​geographically​ ​specific​. How​ ​do​ ​we​ ​support those​ ​farmers​ ​and​ ​support​ ​resilience?
  2. What are the challenges as we look to the future?
  3. What are the barriers to catalyzing change and how do we overcome them?
  4. How do you quantify environmental risk?
  5. How can we think differently to achieve our agriculture objectives?
  6. What is our mutual responsibility to both people and the world?
  7. How do we keep using food to bond people together?
  8. How do we make industrial farms more sustainable?
  9. What excites you about the future of sustainable agriculture?
  10. How do you help other farms by being a role model?

Continue reading “Food for Thought: Questions From the National Net Impact Conference”

Tech Start-Up Helps Farmers Grow More, Waste Less

This article was written by Margaret Arzon ’17 and originally appeared at PYXERAGlobal.org. Margaret is currently a Business Strategy Consultant.

Accessing Information through Mobile Technology Gives Smallholder Farmers Much-Needed Support

Walking through the streets of India, it’s hard not to notice the plethora of fresh fruits and vegetables that line the sidewalks, pretty much everywhere you go. Just a short 30-minute drive out of the city center lands you in acres of cultivated fields where many of these crops originate.

Roughly 50 percent of India’s workforce is devoted to agriculture. This demographic is common in many other emerging and frontier countries where a dominant proportion of the population relies on farming for its livelihood. Smallholder farmer is a title given to people who own less than five acres of arable land. The vast majority of smallholder farmers live in a cyclical pattern of poverty as they struggle to access markets and sell their products at the best price. Lack of market access means that farmers often lose money, even in a high growth season, and a perfectly good harvest goes to waste. With such a fragmented system in rural areas, it is extremely challenging for farmers to generate a profit to support themselves and their families.

Lack of market access means that farmers often lose money, even in a high growth season, and a perfectly good harvest goes to waste. With such a fragmented system in rural areas, it is extremely challenging for farmers to generate a profit to support themselves and their families.

Smallholder farmers are not insignificant. Collectively, they represent 500 million farms around the world and employ approximately 2 billion people. They are responsible for about 80 percent of the food consumed in Asia and Sub-Saharan Africa. As the global population size charges toward an estimated 9 billion by 2050, the demand on smallholder farmers to increase crop yield will only continue to rise, along with the critical need to mitigate post-harvest losses. Analysts predict that food access will need to increase by 70 percent to feed 2 billion additional people on the planet, and production in developing countries would need to almost double. Food security is a global issue, and one that requires partnerships across all sectors to solve.

Continue reading “Tech Start-Up Helps Farmers Grow More, Waste Less”

Knowing Your Impact: Food Waste

This post was written by Sarah Healey ’18

The Net Impact Graduate Chapter at the University of Vermont is designed to supplement learning experiences for students in the Sustainable Innovation MBA program. For our first event of the year a number of chapter members took a field trip to the Green Mountain Compost Facility in Williston, Vt..

At the facility we got a lesson and a tour from Robin Orr, the Events and Hospitality Outreach Coordinator for the Chittenden Solid Waste District (CSWD).

How much are we throwing away?
Every year Vermonters send 4,000 truckloads of trash to the only landfill in the state. Approximately half of this trash is actually trash. The other half consists of items that could have been diverted either to a recycling facility or a compost facility.

Continue reading “Knowing Your Impact: Food Waste”

Whole Foods Features Alumnus-Founded Sap! As Part of Its Top 10 Food Trends for 2018

Whole Foods Market, the mission-driven food retailer that bills itself as America’s healthiest grocery store, has released its Top 10 Food Trends for 2018, and the list features Sap!, a Vermont maple water beverage producer co-founded by entrepreneur Chas Smith ’15, a member of the pioneer cohort of The Sustainable Innovation MBA.

Coming in at number ten in the list of trends to try is a category of beverages — flavored sparkling water — that Whole Foods dubbed “the other bubbly:”

“There’s an entire booming category of sparkling beverages vying for consumer attention. Just don’t call them “soda.” These drinks are a far cry from their sugary predecessors.”

Whole Foods urges consumers to try Sap! and a number of other options.

Sap! was launched by Chas, his cousin Nikita, and his father Charlie, and took flight while Chas was working toward his MBA here at UVM. Their company is fueled by their passion for the maple and birch industry, their dedication to Vermont and the working landscape, and their excitement to build a company that embodies these values.

Sap! bills its products as non-alcoholic beverages made from 100 percent natural maple syrup and healthy alternatives to sugar-sweetened drinks. Sap! products can be found in Vermont, throughout New England, New York City, and worldwide on Amazon.

UVM’s Sustainable Innovation MBA Ranked No. 1 Best Green MBA in America by ‘The Princeton Review’

This article was written by Jon Reidel and originally appeared at UVM.edu.

Six years ago when Sanjay Sharma took over as dean of the Grossman School of Business, he set his sights on an ambitious goal: to become the top MBA program in the country for sustainable innovation.

On the rise. UVM has been ranked No. 1 on The Princeton Review’s 2018 list of “Best Green MBA” programs. (Photo: Sally McCay)

That dream became reality on Oct. 31 when The Princeton Review ranked the University of Vermont Grossman School of Business’ Sustainable Innovation MBA program No. 1 on its 2018 list of “Best Green MBA” programs. UVM took over the top spot from the University of Oregon, which dropped to No. 4 behind second-place Yale and Portland State, followed by No. 5 Stanford.

The decision to replace a traditional 38-year-old MBA program with the nation’s first one-year AACSB-accredited MBA focused entirely on sustainable innovation seemed risky, but according to Sharma, was perfect timing. A growing demand by companies seeking managers to convert global sustainability challenges into business opportunities for triple bottom line performance – a measure of a company’s financial, social and environmental impact – was undeniable.

“We were fortunate that the Vermont brand and UVM’s strengths and identity resonated with the sustainability ethos,” says Sharma. “While it was a major risk for the school, we decided to take a big leap and go ‘all in’ because we were convinced that the future of business education was to educate managers for tomorrow so that they could develop profitable business solutions to societal needs and demands for the next 50 years.”

The “Best Green MBA” rankings are based on students’ assessments of how well their school is preparing them in environmental/sustainability and social responsibility issues, and for a career in a green job market. The Grossman School of Business’ Sustainable Innovation MBA was also included in The Princeton Review’s list of the 267 Outstanding On-Campus MBA programs. This list was based on data from surveys of 23,000 students attending the schools and of administrators at the graduate schools.

Worldwide practicums with top companies, access to exclusive job network set program apart.

A number of aspects of UVM’s Sustainable Innovation MBA set it apart from other programs. The course curriculum, based entirely on sustainability and innovation, is delivered by world class faculty in this arena under four modules: foundations of management; building a sustainable enterprise; growing a sustainable enterprise; and focusing on sustainability.

Following coursework, students engage in a three-month practicum – a capstone experiential project to address issues such as poverty, climate change, and the environment – with companies like PepsiCo, 1% For the Planet, Philips, Ingersoll Rand, Burton, Keurig, and Facebook. Students traveled to India, Mexico, Ghana, Brazil, Denmark, China, Kenya, and Guatemala to complete practicums, which have led to sustainability and innovation-related jobs at Ben & Jerry’s, King Arthur Flour, Pottery Barn, Seventh Generation and others.

Students also have access to a new career management system called “Launch” designed to propel them into careers in renewable energy, clean tech, affordable health care, inclusive business, entrepreneurship within larger companies, start-ups, and other innovative ventures. The program’s Changemaker Network, composed of more than 125 companies and individuals focused on sustainable business, puts students in direct contact with mentors who help them land jobs within the program’s condensed 12-month format.

“We devote one hundred percent of our energy to creating a robust back end that injects people into an opportunity network that helps students realize their personal and professional dreams,” says professor and Sustainable Innovation MBA co-director Stuart Hart, the world’s leading authority on the implications of environment and poverty for business strategy. “If you are a student interested in figuring out how to use the power of business and enterprise to make a positive impact on the world, that’s all we do.”

The Princeton Review ranking comes on the heels of a No. 8 ranking by Corporate Knights – a Toronto-based media and research company focused on clean capitalism – in its “Better World MBA Rankings.” The UVM program moved up two spots from last year and is now ranked third among U.S. schools, trailing only Duquesne University and MIT’s Sloan School of Management.

Corporate Knights ranks programs based on the number of core courses, institutes and centers, and faculty research produced in the last three years related to sustainability, including corporate responsibility, human rights, and ethics.

“We are excited to teach and help launch the next generation of innovative leaders who will create the kinds of transformative sustainable business models and strategies that the world demands,” says professor and co-director David Jones. “We are also honored to have our unique MBA program recognized by these organizations after just our third cohort of graduates.”

Innovator in Residence: Marilia Bezerra Offers Nine Lessons and One Question

This post was written by Sarah Healey ’18.

Marilia Bezerra spoke recently to The Sustainable Innovation MBA cohort as the third Innovator in Residence for the year. She is the Managing Partner at CARE Enterprises, CARE’s social enterprise venture that links producers in the world’s poorest communities with the formal markets necessary for those producers to sell their products and services. It focuses on business ventures with the potential for exponential growth and to become game-changers in the fight against poverty.

Marilia’s life has led her on a career path full of sharp turns and road blocks that created her story.

In telling her story she offered nine lessons and pieces of advice to
aspiring entrepreneurs:

Nine Lessions…

  1. Figure out how to become the connective tissue for the problems we need to solve. A fundamental ingredient for all of us stepping into the world is to figure out how to connect people to each other to solve problems.
  2. Telling your story can be limiting.
  3. Be keenly aware of your privilege –- Bezerra talked about how she won the privilege lottery. She grew up during a relatively stable time in Brazil and was raised in a middle-class family that afforded her opportunities in life, but gave her a sense of value of the most basic things.
  4. If you are going to say something, know what it means. When using metrics, many of the numbers mean nothing. For example, the calculation of how many lives a program touched. What Bezerra learned was to ask yourself what it means three time when stating metrics and figures. If at any point you cannot answer, then the metric likely does not have meaning.
  5. Sometimes you will need to take sharp turns to figure out what you are doing, and you need to just go for it! Life takes weird turns, close your eyes and say, ‘Mom & Dad, I got this.’
  6. Fundraising is like running a marathon — it is going to be uncomfortable, but you just keep running through it until it gets better.
  7. How you feel now is not going to last — Bezerra talked about the importance of needing to detach yourself from your story for a point in time. This powerful mechanism allows you to step outside and detach from life to get past the disruption.
  8. Take time off & really take it! –- it is tempting to think about what is next, but Bezerra talked about the importance of taking a real break when you are burnt out.
  9. After doing cool things, the expectation of what is next can be limiting. When you are taking a break and looking for the next steps, people will ask what is next, but do not let that limit your story.

…And One Question

Bezerra finished with a question for aspiring entrepreneurs: How are you going to get really good at working at the edge of chaos?

An MBA Finds Cold Comfort In Solving A Nation’s Food Waste

This article was written by Taylor Ralph ’17 and originally appeared at GreenBiz.com. Taylor is currently an Agricultural Supply Chains Consultant at SSG Advisors.

 

This spring, a global manufacturer of industrial refrigeration equipment asked me and another MBA candidate — eager, passionate students with a slew of newly minted sustainable business pedagogies in our quiver — to explore emerging market opportunities that also tackled global social and environmental issues. Our project was a result of the company’s strategic focus on tackling major world issues that go beyond eco-efficiency, such as food loss.

Sellers at a warehouse in São Paulo, Brazil, unload a truck of unrefrigerated watermelons.

My classmate Brett Spusta and I began the project with two parameters: we’d be exploring the issue of food loss and we’d be doing so in Brazil. Beyond that, it was up to us to narrow the scope of our research, develop a team of research partners on the ground, ask the right questions and formulate strategies that could produce cold chain innovation, create meaningful social and environmental impact and be scaled.

It was an MBA student’s dream come true.

What began as a cumbersome undertaking crystallized into a specific, surprising and insightful set of actionable recommendations tailored to Brazil’s unique market.

Continue reading “An MBA Finds Cold Comfort In Solving A Nation’s Food Waste”

Martine Rothblatt: Innovating Through Radio and Therapeutics

This post was written by Lauren Emenaker ‘18

Martine Rothblatt, Founder and CEO of United Therapeutics, could easily be considered the most interesting and inspiring speaker anyone has heard in many years. Martine visited UVM on October 11, 2017 (International Woman’s Day) and sat with Green Mountain Power CEO Mary Powell for a conversation in front of a sizable crowd at Alumni House. Here’s a brief overview. 

During a break from undergraduate studies, Rothblatt was inspired by traveling and working with a NASA satellite station. She wondered if it would be possible to have something in the Earth’s orbit that could give music to the world. Feeling enthused, she returned to school to study communication. She continued onto grad school and graduated from UCLA with JD-MBA degree. All the while, Rothblatt’s passion for satellite communication continued to remain at the forefront of her life, leading her to become founder and CEO of SiriusXM Satellite Radio.

Continue reading “Martine Rothblatt: Innovating Through Radio and Therapeutics”

Alumni in Review: Caitlin Goss, Class of 2017

This post was written by Camille Fordy ’18.

Caitlin Goss ’17 is Director of People & Culture at Rhino Foods, headquartered in Burlington, Vermont. In some ways, Caitlin’s role at the head of the firm’s human resources team is similar to the traditional human resources professional. But Rhino’s commitment to impacting the manner in which business is done creates a broader scope for her work and is aligned with her commitment to workforce development and The Sustainable Innovation MBA mindset and toolkit.

Originally from Hinesburg, Vermont, Caitlin left to pursue an undergraduate degree at Dickinson College in Pennsylvania and later moved to Boston where she worked at Bain & Company, a top global management consulting company. At Bain & Company, Caitlin worked on analysis and employee engagement as part of the firm’s global human capital team to attract, engage and retain employees. Her success at Bain & Company enabled her to live in Shanghai for several years.

Looking for an opportunity to move closer to home, Caitlin discovered the University of Vermont’s Sustainable Innovation MBA. The program provided Caitlin with the opportunity to return to Vermont and to plug into the local professional community. While still a young program, The Sustainable Innovation MBA has already developed a strong reputation in the Vermont business community. Its growing network of graduates are focused on building future partnerships and synergies across all domains of business in the state and region. The program also gave Caitlin fundamental tools and business “fluency” to succeed in any business environment.  

Continue reading “Alumni in Review: Caitlin Goss, Class of 2017”

The Cape Wind Project: The Importance of Strategic Messaging

A student team in The Sustainable Innovation MBA Class of 2018 conducted this speculative case analysis in their “Sustainable Brand Marketing” course for the ill-fated Cape Wind offshore wind farm in Cape Cod, Mass. The team consisted of Julia Barnes, Taylor Mikell, Julia Lyon, and Randy Baron. This article was primarily written and adapted for the Review by Ms. Barnes.

The case study is a lesson in what can happen when one loses control of the narrative surrounding a controversial project and fails to invest strategically in stewarding innovation through the gauntlet of implementation. This is what can happen when strategic messaging is undervalued – the first offshore wind farm in America stalled in 2015 and is considered dead.

Jim Gordon, a Boston entrepreneur who made his fortune in energy, conceived of the Cape Wind offshore wind farm as the next step in his mission to provide efficient and environmentally sound energy. After all, wind power had already proved successful in Europe and the technology was becoming more sophisticated every year. The cost of successful wind power generation in countries like Denmark and Germany was even as low as $.04 per KW hour. Gordon had also identified an attractive location – Horseshoe Shoal, off the coast of Hyannis Port, Mass. where a 130-turbine farm could theoretically make an extremely significant dent in the use of fossil fuel for residents of Cape Cod. With depth and wave conditions that made construction of these huge turbines feasible, Gordon was looking at an investment of over a billion dollars to see his dream of offshore wind energy come to life.

However, he faced a number of issues in executing the Cape Wind vision. First, Gordon immediately ran into extreme and well-funded opposition from rich property owners along the coast who did not want to see their ocean view marred by wind turbines. People from the Koch Brothers to Bunny Mellon to Walter Cronkite joined forces behind the Alliance to Protect Nantucket Sound (APNS): a NIMBY (not-in-my-backyard) group flush with cash and influence who set out to discredit Gordon and undercut the validity of the Cape Wind project. Second, Cape Wind faced prominent political opposition. The influence and connections of the APNS board members wreaked havoc for Cape Wind’s political standing and extensive lobbying efforts damaged the progress of what would have otherwise been a highly embraced endeavor. Finally, Cape Wind was an expensive undertaking – one whose fluctuations in cost had significant impact on its timeline.

Problem Analysis: Well-funded NIMBYism – The coast of Massachusetts along Nantucket Sound is home to many extremely wealthy and influential residents. Exhibit 8 shows the span of wealth that runs from Oyster Harbor to the Kennedy Compound in Hyannis. These multi million-dollar views would be impacted by the construction of Cape Wind. The obstruction was enough to have them form APNS and arm it with millions of dollars in funds, high-powered lobbying efforts, and a massive public relations campaign to discredit and destroy Cape Wind. As APNS alleged, Cape Wind would negatively impact commercial and recreational boating, impair fishing, harm tourism, kill bird populations and upset the Cape’s tax base with property value decline. While citing factually based evidence to the contrary, Gordon also answered these claims with impact studies and the support of Clean Power Now, a pro-wind, grassroots community group with pennies compared to APNS. APNS was skilled in enlisting Chambers of Commerce, town government, fishermen, lobstermen and boaters to their cause – a middle-class demographic that had little in common with the rich individuals behind the AstroTurf movement.

Continue reading “The Cape Wind Project: The Importance of Strategic Messaging”