MBA News Bites

Stacy Blackman’s Weekly Roundup of B-School Intelligence

International loan programs at HBS and Chicago Booth — This week, Chicago University signed an agreement with JPMorgan Chase to provide international students with access to private educational loans requiring no co-signer. Farther north, an agreement between Harvard University and Harvard University Employee Credit Union also increases accessibility for international students to loans that don’t require a U.S. resident as a co-signer.

Anderson report predicts lingering unemployment — The latest Anderson Forecast from UCLA’s Anderson School of Business warns that the recession is likely to continue unless world trade can be revived along with national economies. Regardless of the steps taken by the U.S. government, national solutions will not be enough to restore growth and therefore global solutions are essential, the Report contends.

Haas entrepreneurs’ business idea is taking rootHaas School of Business seniors Alex Velez and Nikhil Arora have launched a company with a conscience that will help turn used coffee grounds into mushrooms for public sale, The Daily Californian reports. “We’re taking one of the largest waste streams and … turning that into a nutritious food source and a valuable product too,” Arora said.

Making ethics an admissions requirement — In a new installment in Harvard‘s ongoing debate on how to fix business schools, Claudio Fernández-Aráoz, author of “Great People Decisisons,” says schools should revamp their admissions processes to make sure that they admit a larger proportion of individuals with the right values in the first place.

Programs with a biotech focus — More and more schools offer joint-degree programs combining science and business studies aimed at teaching biotech entrepreneurs and managers how to take advantage of the money out there, Wall Street Journal reports. These programs generally attract students from a science background who are looking to add the business specialization, or lawyers and bankers looking to develop a niche in the area.

Kellogg grad sees potential in wind powerAs part of Monday’s Executive MBA Luncheon Speaker Series, EMBA alum Adrian LaTrace gave a behind-the-scenes look at the wind turbine industry. With policymakers’ support and committed government spending, experts like LaTrace say that the next big boost in the economy could come from developing renewable energies, including wind turbines.

Memo to the board: marketing is fundamentalTim Ambler, senior fellow in marketing at London Business School, explains in a new podcast why marketing should be a higher priority in the boardroom. “Marketing is absolutely fundamental for all organizations, it is the source of cash flow and boards need to worry about getting the cash to come in more than they worry about how it is spent,” Ambler says.

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