The Sustainable Innovation MBA Co-Hosts Global CEO Forum

On a beautiful autumn day in mid-October — the kind of day Vermont is famous for — the International Academy of Management came to the campus of UVM to host the Global Forum on Sustainable Innovation and Business Transformation.

The event, co-hosted by the Grossman School of Business and The Sustainable Innovation MBA program, featured a keynote speech and conversation with Muhtar Kent, chairman of the Coca-Cola Company. Our MBA students also had the opportunity to listen to and network with some of the U.S.’s and Vermont’s most innovative business leaders.

Kent, who has made innovation and the transformation of Coca-Cola a vital focus of his time at the helm of one of the world’s most recognizable companies, told the Forum’s 150 attendees that, at Coca Cola, innovation flows from the power of partnerships — that the best ideas are often found on the outside.

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Kent also made the case that a “golden triangle” of forces — business, government, and social-mission organizations —  must come together to solve the world’s most pressing problems. Therefore, he said, business leaders must be master relationship builders.

The Forum also featured reflections by three forward-thinking business leaders. Mary Powell, CEO of Green Mountain Power; Brian Griffith, chairman of Griffith Foods; and Joey Bergstein, CEO of Seventh Generation, shared their own personal and organizational stories of transformation and innovation.

Family Matters

This post was written by Jeffrey Lue ’19.

EDITOR’S NOTE: For an enhanced experience with this post, please take a listen to this 1990’s throwback.

The Sustainable Innovation MBA Advisory Board member Don Droppo, CEO of Curtis Packaging (and UVM ’96) accepted the U.S.-based Multi-Generational Family Enterprise Award.

It’s a rare condition, this day and age, to find emphasis being placed on the importance of family businesses. But at the Family Business Awards in early October, the Grossman School of Business and supporting community has the opportunity to acknowledge family businesses who are leaders in their respective industries. This year, we celebrated Lake Champlain Chocolates, Curtis Packaging, and Foster Brothers Farm / Vermont Natural Ag Products Inc. for their innovation and commitment to sustainability.

Hearing the stories of the three 2018 winners and their 2017 counterparts were a beautiful example of love and tradition of the grand design. Since 1983, Lake Champlain Chocolates has been aspired to providing extraordinary chocolate moments. In addition to creating wonderful chocolates, LCC has demonstrated their commitment to sustainable business practices with their certifications (B Corps, Fair Trade) and community service.

It’s impressive enough to find a business in operation since 1845, but some people say it’s even harder to find one with the vision to incorporate environmental stewardship into its core competencies after all those years. Curtis Packaging achieved both accolades, becoming the first packaging company in North America to use 100% renewable energy, be carbon neutral, and a zero-waste-to-landfill facility.

The Lampman family of Lake Champlain Chocolates.

What’s the secret to the success of these small businesses? Well there must be some magic clue inside these gentle walls in the new dairy barn at Foster Brothers Farm. This fifth-generation farm has innovation engrained in their DNA. They built one of the first of New England’s methane digesters back in the early ’80s, expanded their portfolio to include an organic line of compost (MOO), and recently implemented a heat recovery system designed to capture and repurpose the heat created during the aerobic composting process.

These families are an inspiration of how business should be done. At today’s ceremony, there was real love burstin’ out of every seam of Ifshin Hall, and it was clear to see that it’s the bigger love of the family that will keep these businesses going strong. Congratulations again to all the 2018 winners!

Getting to Know the Class of 2019: Alyssa Schuetz

A recent graduate of Drexel University, Alyssa brings a passion for apparel, textiles, and product development to the The Sustainable Innovation MBA program. Connect with her on LinkedIn.

Why did you choose to attend The Sustainable Innovation MBA program?
As the #1 Green MBA program in the country, I knew the program could give me the skills, tools, and knowledge that I would need to in order to further my career in sustainability and the fashion industry.
What has been your favorite part/element of the program so far?
My favorite element of the program is the diversity of my cohort — it makes for lively class discussions that have taught me so much more than a textbook ever could.
What are three things someone considering the program should be aware of?
1) There is a huge focus on leadership and teamwork to make you the best leader and team player that you could be, 2) The group work bonds you to your cohort, and 3) Your cohort will become your extended family.
How has The Sustainable Innovation MBA benefitted you so far?
I have learned that there are so many ways to implement sustainability in a business model that is both ethical and cost-effective.
Anything else you’d like people to know?
The program’s location in Burlington, Vermont is inspirational as the culture here lives and breathes sustainability and the great outdoors.

Planning for “Launch”

The Sustainable Innovation MBA is a unique program in many ways. Above all, it is reinventing business education to produce leaders who aim to solve the world’s most challenging economic, environmental, and social problems through the lens of enterprise and entrepreneurship.

And, because it’s a one-year accelerated MBA, students begin their career exploration and planning right from the first day, aiming to develop the skills, networks, and insights to “launch” into opportunities post-graduation — just eleven months from now.

Last week, as part of our innovative “Launch” workshop series, students spent an afternoon building the foundations of self-discovery, articulating strengths and weaknesses, and beginning to think about various potential career pathways. Here’s a peek:

Developing an inventory of necessary leadership traits:

Meryl and Matt, building and practicing a personal elevator pitch:

Getting support and encouragement from the cohort’s honorary member:

Students Advocate for Global Aid Policy for CARE International

A group of students* from The Sustainable Innovation MBA Class of 2018 travelled to Washington, D.C. in May to advocate on Capitol Hill on behalf of CARE International. The CARE National Conference, now in its 16th year convening, brings together citizen advocates, corporate responsibility professionals, philanthropists, humanitarians, and international development experts for advocacy training and congressional meetings on Capitol Hill.

Over the course of three days, the students participated in numerous educational sessions, learning about CARE’s impact and outlining the policy and political goals for the year. This year’s theme, “Your Voice, A World of Change” lifts up and celebrates the advocates whose voices help CARE continue to be the leader in creating positive change for women and girls on the global stage. The conference kicked off with prominent figures and speakers in the foreign aid space including Sally Yates, former Acting Attorney General; Helene D. Gayle; Senator Amy Klobuchar (D-MN), and multiple CARE and CARE Action! Voices.

Designed for new CARE advocates, the conference hosts a comprehensive introduction to successful advocacy: Advocacy 101, Congress 101, and CARE: Our Story. New advocates leave sessions with enhanced legislative understanding and overviews of this year’s top priorities for CARE.

Prepared with discussion points for the advocacy day on Capitol Hill, The Sustainable Innovation MBA students set out to meet with the offices of Vermont’s Congressional delegation: Representative Peter Welch, Senator Bernie Sanders and Senator Patrick Leahy. In the meetings with the Congressional offices, the students advocated for co-sponsorship of the International Violence Against Women’s Act, a bipartisan bill to ensure that gender-based violence is a top U.S. foreign policy priority. This issue is an important priority because an estimated one in three women will face physical, mental or sexual abuse in their lifetimes. Violence against women has an immeasurable impact on women and girls, their families and their communities. IVAWA elevates the importance of these issues and places them at the center of U.S. foreign diplomacy.

The second request made to the Vermont delegation was to support the International Affairs Budget FY 2019 and request a funding increase that returns to the Obama-era funding levels. Proposed budget cuts by the Trump administration would slash funding for critical foreign assistance programs and jeopardize millions of lives around the globe.

Vermonters are lucky to live in a state where all members of the delegation are receptive and engaged in policy to sustain funding for international aid and development. Over the course of the CARE National Conference the students gained great insight into the top priorities for foreign aid policy and how to engage with political leadership to influence change.

*Andria Denome, Camille Fordy, Madeline Brumberg, Julia Lyon, and Kaitlin Sampson

Practicum Scope Pitch Day!

The Sustainable Innovation MBA Class of 2018 is entering the home stretch.

On May 11, the cohort, faculty, and sponsoring companies gathered on UVM’s campus for what has become an inspiring demonstration of how the students have “put it all together.” Students spent the day “pitching” the scope and framework of their practicum projects — a capstone of The Sustainable Innovation MBA experience. Practicums call upon all the skills, insights, experiences, and learning the students have acquired over the past nine months.

The three-month practicum project is a full-time, hands-on experiential engagement with either existing companies or new ventures from the US and around the world focused on real challenges and opportunities in sustainable entrepreneurship. Practicum projects are composed of teams of 2-3 Sustainable Innovation MBA students each. Projects run from May until August, and culminate in a final report and presentation right before graduation.

Students pitched scoping for projects at companies such as Keurig Green Mountain, Griffith Foods, Essilor, Seventh Generation, and Caterpillar.

The deliverable for the practicum is a detailed and comprehensive business/action plan for the host organization.

Innovator-in-Residence: Donald Reed

This post was written by Kevin Hoskins ’18

As part of the Innovator-in-Residence series, Donald Reed recently visited the 2018 cohort of The Sustainable Innovation MBA program. Reed is currently a managing director in PwC’s (PriceWaterhouseCoopers) sustainable business solutions practice. Reed is also a member of The Sustainable Innovation MBA’s Advisory Board.

Reed got his start in advocacy and grassroots work in Michigan. He discussed the evolution of his thinking from an “us versus them” mentality (environmentalists versus business) to understanding business’s role in society (and the part that sustainability-minded professionals can play).

Reed then worked on economically-targeted investing focused on creating market-rate return investments that created housing opportunities for health care workers. He stressed to the cohort the need to “not be bound by what’s already been done and what other people tell you is possible.”

In order to better understand the world of finance, Reed then went back to school, getting his MBA in finance from the Stern School at New York University. He subsequently went to work for the World Resources Institute, a think tank, where he felt he had found “his people.” That experience led Reed to ask questions of himself that he posed of the class: “how do I see myself and how do I explain to others what I’m interested in and the capabilities I bring to bear on that?”

“Don’t be bound by what’s already been done and what other people tell you is possible.”

Reed is extremely well-read and stressed the importance of integrative thinking, tying these seemingly disparate frameworks that you learn throughout your life in a way that you can understand other people’s perspectives and translate them to a new area. There may always be someone with deeper expertise on a topic than you, but it’s important to understand enough of it that you can converse intelligently on the topic at hand.

Reed also discussed his role as a consultant, becoming a trusted advisor to numerous large organizations. He described the challenges of consultants face: to understand enough to analyze the situation at hand, identify the key drivers and distill that down, but then engage your clients by listening and becoming trusted, in order to help the organizations change.

His previous company, Sustainable Finance Ltd. was eventually acquired by PwC. In his current role, Reed and his team focus on what they call “Sustainability Strategy through Execution.”  They are currently focused on four main areas: cities of the future, social determinants of health, the future of reporting, and total impact and measurement.

Getting to Know the Class of 2018: Kevin Hoskins

Kevin Hoskins  brings management and leadership experience in the music business and creative industries to The Sustainable Innovation MBA program. He was interviewed by Isabel Russell, an undergraduate at UVM.

Why did you choose to attend The Sustainable Innovation MBA program?

I came back to Vermont because I craved the community and the spirit of entrepreneurship that seems to be part of the state’s DNA. I chose this program because I wanted to learn frameworks and strategies to better integrate my leadership, management, and entrepreneurial experience with the program’s sustainability and innovation focus. The Sustainable Innovation MBA program at UVM speaks to my goals and values: resisting business-as-usual, having the optimism to see challenges as opportunities, and needing to develop new business models (and market-based solutions) that incorporate sustainability and future-oriented thinking.

What has been your favorite part/element of the program thus far?

My favorite part of the program is the people: my cohort, the professors, and the greater community that surrounds this program. Every day, I’m grateful for the opportunity to spend eight hours in a room learning from people that want to get creative about solving challenging problems.

What are three things someone considering the program should be aware of?

First, be willing to listen…and embrace collaboration. You’ll be put in situations where teamwork is essential to achieving your goals. Remember to listen to your teammates and be willing to collaborate to achieve something greater.

Second, follow the threads that interest you. The year goes by quickly and there’s a lot of information coming your way. It’s easy to fall behind if you don’t stay on top of the work. But don’t forget that you can always dive deeper on the subjects that you’re passionate about. Adopt a learning mindset. And stay curious.

Lastly, be prepared to challenge yourself. Be willing to re-frame your mental models. Ask questions. Be flexible. And get comfortable with uncertainty. It’ll serve you well in the program, but also in your future work.

How has the Sustainable Innovation MBA helped you?

The Sustainable Innovation MBA has helped me learn analytical tools and financial models to help improve and thus transform businesses. This program is a great reminder that people are not only the greatest asset of any business, they’re our greatest tool for innovation and our greatest opportunity to build a better world.

Anything else?

Vermont is a unique place. And this is a unique program. Embrace the magic. And if you’d like to know more about the program, I’m happy to talk. I can be reached via www.kevinhoskins.net

Getting to Know the Class of 2018: Madeline Brumberg

Prior to joining The Sustainable Innovation MBA program, Madeline Brumberg ’18  spent her career in the Geographic Information Systems (GIS) field and worked as an analyst for both the private and the public sector.

Why did you choose to attend The Sustainable Innovation MBA program?

I chose to attend The Sustainable Innovation MBA program because I want to find real-world solutions for the social and environmental issues we face today. I see deficiencies in the private, public and NGO worlds that are preventing each of these sectors from properly addressing these issues. I think that business has the most opportunity to transform itself to become an engine for change in the world. I hope to be a change agent in the business world to leverage its power for good.

What has been your favorite part/element of the program thus far?

I have loved the leadership and teamwork component of this program. I was not expecting this to be such a big focus of the program but I am eternally grateful that it is. I am so excited by it because companies are nothing without their employees so to make the best companies, you need to make your employees the best. I am excited to be gaining the skill set to help employees reach their full potential.

What are three things someone considering the program should be aware of?
1. There is a huge focus on leadership and you will learn more about yourself than you knew was possible.
2. This program is not greenwashing. Sustainability is truly at the heart of the program and we are reminded of it at every turn.
3. Community is a central tenant of this program and it will serve you well. You will be supported by your classmates and you will support them throughout the year. It will be frustrating at times but ultimately you will be in it together.
How has the Sustainable Innovation MBA helped you?
The Sustainable Innovation MBA program has helped me to see a future in business that is meaningful and has impact. It is a very fuzzy path that I am beginning to see but it is a path.

In Our Own Backyard: The Invention2Venture Conference

This post was written by Lauren Emenaker ’18

On April 5th, 2018 the University of Vermont hosted the 13th annual Invention2Venture Conference for entrepreneurs, inventors and students alike. The conference focused on how to finance, protect and commercialize inventions, as well as how to thrive in the New England tech world.

The conference kicked off with Dr. Richard Galbriath, Vice President for Research at UVM, and Corine Farewell, Director of UVM Innovations, presenting awards to a number of university innovators. Eleven patents were issued in the past year from an improved cardiac pacemaker to an energy transfer system. It was exciting to see what technology is being created on our own campus!

Next, Dawn Berry, CEO and president of Luna DNA and UVM alum ‘96, gave an inspiring keynote entitled “The DNA of Authentic Leadership.” She detailed three qualities that leaders need: credibility, logic and emotion. Credibility is necessary to show trustworthiness and integrity. Logic is necessary to show strategic thinking and reasoning. Emotion is necessary to show that someone is human — full of excitement, anxiety and confidence. Berry then went on to explain her view of authentic leaders. They are genuine and have strong sense of self. They lead with their hearts and show empathy towards others. They are mission driven and focused on results that will change the world for the better. Authentic leadership fosters diversity which in turn enhances businesses and their practices. She argued that someone cannot call themselves a leader; only other people can call that person a leader.

Finally, Barry shared her own experiences with the audience, including her latest start-up venture. In 2017, she co-founded Luna DNA, “the first and only genomic and medical research database that is owned by its community.” Based on the belief that people should be treated as research partners and not just data subjects, the platform allows for the public to share their genomic information to further medical research. Established as a public benefit corporation, LunaDNA hopes to enable the medical community.

Participants of the conference were then given the opportunity to attend three round table discussions of their choosing. Discussions were held about prototyping, financing, pitching, legal resources, biomedical technologies and lessons learnt from start-ups in Vermont. I had the pleasure of attending the following three sessions: Concept to Prototype, Corporate Legal Necessities for Your Start-Up, and Intellectual Property Primer. The following themes emerged in my discussions:

  • Try and fail often
  • Run the company like you are going to sell it later
  • Protect your intellectual property
  • Do what you enjoy, hire someone else to do the pieces you don’t enjoy

After the final round table session, attendees were encouraged to network with those they had met throughout the afternoon. Advice was given, business cards were exchanged, and ideas were sparked. From the presentation of UVM research awards to networking over drinks and appetizers, I felt fortunate to be a part of such a forward-thinking community. This is an event you won’t want to miss in 2019.