From Business at Leeds 2022 |ÌęFull issue
As the lines blur between business and business schools, Leeds' innovation and adaptability are keeping alumni in the driver's seat.
In the business world, change was once said to be constant.
Today, that word fails to capture the relentless pace of disruption, one in which a companyâs fortunes can change seemingly overnight as a result of an innovation that unlocks a new market, enables new ways to connect to customers, or radically realigns established industry categories.
Businesses have been forced to find new ways to be agile, to anticipate change and to rethink risk as they navigate this new world. A core piece of their strategy is finding ways to partner with business schools, which have created and revamped programs to ensure graduates add value the moment they start work. Ìę
With its emphases on entrepreneurship, innovation, technology and analytics, itâs no surprise Leeds is a frequent partner of companies seeking nimble professionals.Ìę
âThe field is always moving so fastâsomething new comes up every year,â said Dan Zhang, interim chair of Leedsâ strategy, entrepreneurship and operations division. He brings his extensive consulting experience to bear in refreshing his Advanced Data Analytics course each summer, and âif you do not do regular updates, you canât keep up to date with industry. Itâs a necessity.âÌę
âData are not going awayâ
Industry, meanwhile, is appreciative of Leedsâ willingness to anticipate the new skills businesses will need in the years to come. Libby Duane Adams, chief advocacy officer at Alteryx, has had a front-row seat to the changes in industry since she and Dean Stoecker (IntBusâ79) co-founded the software company. As Alteryx has grown, itâs begun offering scholarships to schools like Leeds to ensure graduates have the right set of skills for a workplace driven by change.
âData are not going away,â she said. âThe ability to work with data is a required skill nowâand the more students invest in that skill set, and develop their ability to work with data, the richer their career opportunities are.â
Alteryx also co-sponsored a conference at Leeds over the summer that brought the directors of business analytics programs together to address and begin solving some of their shared challenges. The two-day event, which attracted representatives from nearly two dozen programs nationwide, also featured industry input through panel discussions and a keynote. Kai R. Larsen, faculty director of the masterâs in business analytics at Leeds, said industry involvement showcased the scale and pace of change that has disrupted companies across the spectrum.Ìę
Poet warrior, meet Python
âEvery time we ask chief information officers what they want in a recent grad, itâs always the same thing. They want a poet warrior,â Larsen said. âBut in reality, they want a warrior who also knows how to program Python, and thatâs what they test for in their entry interviews.â
Data and analytics are, of course, driving conversations in business. But thatâs not all you need to stay current. Tim Weiss (MBAâ16), co-founder and chief operating officer of Boulder-based Optera, said in his industry, new regulations and changing attitudes around climate are keying rising interest in the sustainability management software providerâs services.
âLeeds taught me new business skills and how to market myself for prospective opportunities, as well as become better engaged with the Boulder community,â Weiss said. He added, âI donât know of any programs that specifically teach what you need to know for this industry. Itâs moving too quickly.â
Faces of Leeds: Meet Tim Weiss
That said, a glance at the companyâs roster shows more than a few CU Boulder alumni. âWhen we recruit, we try to hire the full packageâwhich means ensuring we have fundamentally good people, for whom values are not optional,â Weiss said. âThereâs a lot of great people from CU Boulder who fit that mold. We do have to train them in sustainability, but they come out with the skills needed to quickly adapt.â
Finding good people
Wanting to hire good peopleânot just skilled peopleâis an important consideration against the backdrop of shifting workplace attitudes toward ethics, said Joshua Nunziato, a teaching assistant professor in Leedsâ Social Responsibility and Sustainability Division and director of the Daniels Fund Ethics Initiative Collegiate Program. Increasingly, professionals want to work for companies that value their values; just ask Theranos, Facebook or Uber, which have all landed in hot water for conduct coming out of their C-suites.Ìę
In Nunziatoâs classes, he sees a subset of students with a deep desire to make a positive social and environmental impact.Ìę
âBut what interests me are those students who instead see sustainability and ethical leadership as inseparable from their own career ambitions,â he said. âItâs exciting to teach them, because they understand that ethical leadership is not an either-or choice.â
A focus on values helped Jenny Gerson (EBioâ06; MBAâ14) transition from working as an ecologist with the U.S. Forest Service to creating a sustainability role at Zayo Group.Ìę
Sheâs now director of sustainability at DataBank; the companyâs data centers enable the kind of cloud storage and computing power that have put data within reach at so many companies.
Too much information
âOne of the ways Iâve stayed current with all the changes going on in my industry is something I learned at Leedsânetworking,â she said. She started a group for sustainability professionals which numbers more than 100 peopleâincluding more than a few Leeds alumniâmainly at small to midsize tech companies in the Denver area.Ìę
âWhen you have a network like that, any time a question comes up, you can immediately go to someone and get a different perspective on what it means for own your work,â Gerson said. âThereâs so much information out thereâtoo much, reallyâand having peers who can help you focus is incredibly valuable.âÌę
âWork has become almost a continuation of business school. Things come at you quickly, andÌęyou have to figure out how to prioritize them, solve problems and plan ahead.â
Jenny Gerson (EBioâ06, MBAâ14), director of sustainability, DataBank
Leeds is listening to its network, too, which helps shape its approach to academic programs. For instance, the school recently created an MBA pathway in natural and organic products in response to the needs of both small local businesses and large internationals seeking insights in an organics stronghold like Boulder. Âé¶čÒùÔș in this pathway spent their summers interning at companies like Jack & Annieâs, Danone and Cloroxâproof that the perspective taught in the program is sought at companies of all sizes.Ìę
âBecause natural and organics has become so competitive, itâs much more difficult to turn a passion project into a thriving business,â said Heather Kennedy, a teaching assistant professor and consumer marketing specialist whoâs held marketing leadership roles at Whole Foods and Kraft. âThese entrepreneurs need business acumen, so they can get their products to market. On the flip side, large consumer packaged goods companies see the growth of the natural industry and realize that, to stay competitive, they need to move in this direction.âÌę
That, of course, speaks to the blurred boundaries between business and business school.
âWork has become almost a continuation of business school,â Gerson said. âThings come at you quickly, and you have to figure out how to prioritize them, solve problems and plan ahead.â
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Curricular Updates
At Leeds, faculty leverage relationships in industry to ensure that when curricular changes are considered, they meet both current and future needs of the workplace. Ìę
Joshua Neil, faculty director of the accounting and taxation masterâs program, said input from both the Big Four professional services companies and changing requirements for the CPA exam drove Leeds to add more technical courses to the curriculum. Ìę
âThe accounting firms have been asking us what weâre doing in this space, probably for the last five years,â Neil said. âFor students that were analytically inclined, we were able to steer them into some specialized elective courses.ÌęBut data have become more mainstream in the last 18 to 24 monthsâyouâre seeing textbooks now with tools like Tableau embedded in them, you hear from our students that theyâre asked to use tools like Alteryx on their internships.â Ìę
This fall, an analytics course offered by Kai Larsen is being modified for accounting masterâs students, with an emphasis on bringing in people from industry to show how these skills are used to help accountants do their jobs better.Ìę
âThe CPA is doing the same thingâtheyâre responding to the industry, saying we need a license track in this area,â Neil said. âWeâve gone from what was a novel intersection to realizing weâre going to need a lot of jobs in this space, and you might be at a real competitive disadvantage if you donât have these tools.âÌę
Leeds also is increasingly intentional about hiring industry-qualified instructors, who bring real-world knowledge around topics like licensing requirements and disclosuresâwhich may change faster than a textbook can reflect.Ìę
Ahead of the Curve
Close connections to industry and a roster of top faculty have helped Leeds create programs that meetâor anticipateâreal-world demands. A few examples: Ìę
BASE. The sophomore year capstone each Leeds student completes, BASEâor B-core Applied Semester Experienceâfollows industry-intensive dives into each business discipline. Âé¶čÒùÔș learn to combine lessons from those disciplines on a real-world project that helps them determine their areas of emphasis as upperclassmen. Ìę
Business+Engineering. Much of the change driving the business world comes from technology and engineering. This programâsymbolized by the new Rustandy Buildingâoffers structured cross-collaborative opportunities between business and engineering students and faculty. Ìę
Buffs With a Brand.ÌęDeveloped by the Deming Center for Entrepreneurship in partnership with CUâs Athletics Department, this program gives scholar-athletes tools to help them navigate the new rules around name, image and likeness use. That foresight helped CU roll out a partnership with INFLCR to create the Buffs NIL Exchange.Ìę