Poet and Quants says Goizueta is one to watch

GBS2Poet & Quants recently published a comparison of the overall rank and peer rank for the top 20 business schools, using the U.S. News and World Report’s ranking.

In the article, Poet & Quants highlights Emory University’s Goizueta Business School as “a school to watch,” noting the school’s jump up the rankings nine positions to number 18 and the “highest placement rate and biggest increase in reported salary of any business school in 2012.”

Click here to read the complete article.

Goizueta’s students continue to achieve top employment numbers

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98% of the class of 2013 reported job offers three months post-graduation.

As reported by Poets & Quants, “For the second consecutive year, Emory University’s Goizueta School of Business boasted the best MBA placement record of any U.S. business school in the Top 30, with 98.1% of the Class of 2013 reporting job offers three months after graduation.”

“Our career success is due, in large part, to our high caliber student population. We are pleased that Goizueta MBAs continue to be sought after by the world’s best companies,” says Wendy Tsung, associate dean & executive director of Goizueta’s MBA Career Management Center (CMC).

Goizueta’s CMC partners with students early in the course of their MBA experience, starting even before they arrive on campus. The team is staffed by a director, four full-time career coaches, and two employer relations staffers, an office manager and recruiting coordinator. Their dedication to offer students access to top companies is matched by a commitment to prepare students for every stage of the job search process.

“Since the school revamped its curriculum so that the core is taught in the first semester, students with full-time offers at the end of their internships have more than doubled. The early start, the one-semester core, the early outreach by the career staff along with their close follow-up has made a huge difference in the school’s outcomes,” reports Poets & Quants.

Click here to read more.

Social Enterprise @ Goizueta in feature documentary

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Premiere of "The New Entrepreneur: Odyssey for a Dream"

Social Enterprise @ Goizueta (SE@G) rolled out the red carpet last week as it hosted the premiere screening for “The New Entrepreneur: Odyssey for a Dream,” a documentary following the journey of 15 local entrepreneurs through VilCap:Start, a new program piloted in Clarkston, GA by Emory University’s Goizueta Business School’s SE@G and CDF: A Collective Action Initiative.

As captured in the film, over 65 local Clarkston entrepreneurs applied for the opportunity to attend 14 weeks of business training, gain access to mentors and finance and legal experts, and the chance to win one of three $10,000 low-cost loans. The accelerated business program follows the Village Capital model, awarding the most promising entrepreneurs the business tools, network access and early-stage financing needed to develop new, sustainable micro-businesses in the Clarkston community. The cohort of entrepreneurs vote and decide the three winners.

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SE@G's Peter Roberts and Ellen Williams with community organizers and the filmmakers take time to celebrate the completed project.

“The VilCap:Start program is about being the owner of your future,” Chris Thompson of CDF: A Collective Action Initiative told an attentive audience that filled the room. “This program rejects the extraction mentality that we see so often in communities like Clarkston and instead of taking away, seeks to invest in the next generation of entrepreneurs and in the community as a whole.”

The screening was followed by a Q&A with EventStreams filmmakers Nate Haskell and Julie Grimm and an opportunity for attendees to meet some of the entrepreneurs featured in the documentary. Representatives from CDF: A Collective Action Initiative, Refugee Women’s Network, and other VilCap:Start – Clarkston Clarkston partners were also on hand with information about how to get involved in the Clarkston community.

Tune in to watch Public Broadcasting Atlanta (PBA30),on Christmas Day, December 25, at 7pm, for the television premiere of “The New Entrepreneur: Odyssey for a Dream.”

An encore airing has been schedule for January 2, at 8pm.

Applications for the 2014 VilCap:Start – Clarkston program are currently being accepted. Click here, to learn more and access the application.

Peter Roberts, professor of organization and management and academic director of SE@G, stressed the importance and impact of the VilCap:Start project. HE expressed plans to expand to other Metro Atlanta communities. “Our goal is to improve the program with each iteration and use what we learn to help develop the entrepreneurial ecosystem in Clarkston over time,” says Roberts.  “As we do so, we would also like to deploy the VilCap:Start platform and the network of mentors and content providers to work ‘year-round’ in various Metro Atlanta communities, with a visible, ‘always on’ program. By doing so, we feel that we can help accelerate the latent potential of Atlanta’s micro-entrepreneurs.”

VilCap:Start – Clarkston partners include: Social Enterprise @ Goizueta, CDF: A Collective Action Initiative, Village Capital, Refugee Women’s Network, Clarkston Community Center, and Access to Capital for Entrepreneurs.

Leading Atlanta investors and entrepreneurs assess student new ventures

Starting a new venture takes more than a great idea and business plan, it requires a solid pitch in order to raise interest and garner capital. That’s why each semester near the end of his Introduction to Entrepreneurship course, Charlie Goetz, senior lecturer in organization and management at Emory’s Goizueta Business School and a successful serial entrepreneur, brings in proven investors to put his student new venture pitches  through their paces.

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Experienced investors and entrepreneurs assess presentations

Tech investors Sig Mosley 68BBA of Mosley Ventures, LLC; Harold Brown, CEO and Chairman of  Strategian; Ed Rieker 04MEMBA, CEO of Softlinc; and Larry Steele were among the 86 venture capitalists, entrepreneurs, angel investors and Emory alumni who came out on November 5 to listen and grill students about their presentations. Investors and entrepreneurs from previous years include Spanx Founder Sara Blakely, Eric Hartz, former president of S1; and Gerry Benjamin, co-founder of Atlanta Equity Investors.

As part of the class, twelve teams of students had just a few weeks to create a concept from scratch or flesh out an existing idea before they met the investors. Students performed a range of pre-work, including market research, developing financial projections, and of course, writing a business plan. Investors were encouraged to ask the tough questions, evaluate their performance, and share whether they would possibly invest in their idea. This year’s product offerings ranged from a new mobile app to solve parking issues, a new tool for purchasing real estate, and a maker of an Acai berry drink.

Unlike the popular TV show Shark Tank, where entrepreneurs face a panel of potential investors who can ask only four questions, these students present before an audience of investors who have ten minutes to question each team. In addition, the investors are armed with survey sheets that rate their performance and provide room to signify interest. The pressure and exchanges with the investors is intense, which is an intentional effort of the organizer

“It has to be real,” says Goetz about the process he wants students to experience.  “I tell my investors there is no softball pitching here. Ask them the toughest questions you got.”

Indeed during the Q&A portion of the presentation for favor, an errand service to help busy working Moms and Dads, investors voiced their concern about the rate of return for the $700,000 ask. Also, they inquired how vendors would be vetted, and one investor even looked up the competitor on his iPhone to test the students’ understanding of the competitive landscape. Favor CEO Fatima Wyche 14MBA, a former consultant and an active Mom, partnered with the team’s COO, Dan Ziznewski 14MBA, to give a solid answer, but the real-time response to the pitch kept them on their toes.

Former students have gone on to start companies including Melanie Mueller 08MBA, the founder of Mel Boteri, a company that specializes in custom accessories for women and men, Grant Moss 11MBA, CEO of Adapt IP Ventures, which develops custom strategies to sell or license patents; and husband and wife team Matthew Guard 07MBA and Carolyn Guard 08MBA co-partners in Babiators, a children’s sunglasses maker, plus many more.

Entrepreneur Jordan Enoch 12MBA also understands how it feels to be a student presenter and an investor. He began judging presentations in 2006 and while running his first business, Campus Canteen in Athens, then presenting before judges as a student in 2011.

“I am very impressed by the passion of the students. Having been on the other side as a student, I know that only about a third of the ideas were developed before the class,” says Enoch. “Most of these groups have developed an entire product concept, business strategy, financial projections, and marketing plan all within 10 weeks.”

Now running his second company, Order Rover, which builds custom online ordering platforms for small and medium size restaurants, Enoch notes the coursework was invaluable.

“Goetz’s introductory course focuses on how to go from idea to launch. Though I had already started my own business before school, I leaned many critical tips, tactics and tools by taking this class,” adds Enoch. “We learned the best ways to research the industry, confirm your assumptions, raise capital, prove the concept, and market and sell—all on a shoestring budget. I still remember Goetz’s “Keep It Simple” mentality on a daily basis while dealing with business decisions.”

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The Magnificent 6 Team, product MyAgent. From left MBA students Mike French, Lindsey Jones, Will Knochel, Kendrick Woolford, Scott Ihle, and Alexandra Mims

Nearly a year ago when Will Knochel 14MBA was trying to get a handle on all of his social media accounts, the seed of an idea for MyAgent was born. “My desire for a one-stop shop for all my social media accounts started the idea and the team grew that idea into a fun, potential company,” he adds.

Knochel says he was shocked and thrilled by the number of investors and successful entrepreneurs in the room, adding, “The most valuable part of the experience for me was the written feedback and responses.”

“The evaluations were thoughtful and considerably helpful in improving our understanding of what investors need/want to know about your company,” observes Knochel.  “As an entrepreneur, it was tremendously helpful in identifying what areas of my own businesses to emphasize when meeting potential investors.”

“Although many people have great ideas,” Goetz stresses, “the overwhelming majority will never be funded unless the entrepreneur knows how to obtain the necessary funding.”

One product did pique the interest of an investor at the November event, which is why Goetz has included this investor presentation in his course for the last twelve years.

—Nicole Golston

Recession graduates are happier in the long run

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Emily Bianchi, assistant professor of organization and management

For well-educated graduates who earned their degrees in a recession, rough beginnings often make for a better ending or at least greater satisfaction. This conclusion comes from findings in a recently published paper by Emily Bianchi, assistant professor of organization and management at Emory University’s Goizueta Business School. The paper, The Bright Side of Bad Times: The Affective Advantages of Entering the Workforce in a Recession, published in the most recent issue of Administrative Science Quarterly explores whether well-educated graduates who earned their degrees during economic downturns were ultimately more satisfied with their jobs, even though these jobs were often less prestigious and well-paid.

The paper analyzed data from two large government-run surveys that have been administered regularly since the 1970s. The results showed that people who earned their degrees during economic downturns were more satisfied with their current jobs than those who first looked for work during more prosperous economic times. These results could not be accounted for by generational differences or differences in industry or occupational selection. These findings are particularly surprising given the well-documented negative financial aspects of graduating in a recession. Recession graduates earn less money and often hold less prestigious jobs.   However, Bianchi argues that how people evaluate what they have does not always reflect the value of what they have. As she writes, “Decades of psychological research has shown that how people feel about their outcomes does not always mirror the objective value of these outcomes.” People can be happy with less, depending on how they think about their outcomes.

Bianchi finds that people who graduate in economic booms are more likely to wonder if they could have done better and ruminate over paths not taken. Recession graduates, however, are more likely to feel grateful to have a job at all and spend less time wondering how they might have done better. Moreover, this way of thinking about work tends to endure. Recession graduates were typically more pleased with their jobs both early in their careers and even decades later. The earlier trials of their career seemed to positively influence their evaluations of later jobs. Bianchi argues that this conclusion is consistent with recent research in psychology that reveals that some adversity is associated with greater happiness than either too much or too little. “Too much adversity can be emotionally debilitating. Too little can weaken resilience, allowing people to magnify and exaggerate the bumps of everyday life,” explains Bianchi.

About Emily Bianchi

Emily Bianchi joined the Goizueta Business School in 2011. She holds a PhD in Management from Columbia University and a BA in Psychology from Harvard University. Bianchi’s research investigates how entering adulthood in a recession influences later attitudes and behaviors as well as how current economic conditions affect interpersonal interactions, social support, and cooperation. Prior to graduate school, Bianchi was a Senior Consultant for Booz Allen Hamilton.

About Emory University’s Goizueta Business School

Emory University’s Goizueta Business School is home to an Undergraduate degree program, a Two-Year Full-Time MBA, a One-Year MBA, an Evening MBA, an Executive MBA (Weekend and Modular formats), a Doctoral degree and a portfolio of non-degree Emory Executive Education courses.