Showing posts with label Thought. Show all posts
Showing posts with label Thought. Show all posts

Tuesday, April 3, 2012

Food for thought - New York Post

WITH natural resources in increased demand, food sustainability is a hot topic — and an academic focus of study. The case for buying locally produced, unprocessed, in-season healthy food is strong, but these products are not always affordable in lower income neighborhoods throughout New York City. Consequently, the diet of residents in these locales place them at risk for nutrition-related diseases.

At one area university, this issue is being attacked from the ground up — literally. MBA students in the Leonard N. Stern School of Business’s Consulting Corps (SCC) program have taken on City Harvest, New York City’s food rescue organization, as a client. As part of their pro-bono work and learning experience, SCC students tackle real business challenges and opportunities outside of the classroom, as well as receive mentoring from leaders at top-tier consulting firms and from faculty advisors.

<br /> L to R: NYU Stern grad students Meredith Bunche, Ann Rocco, Ryan Armijo and Shloke Mittal work with City Harvest’s Keith Carr to encourage bodega store owners to stock healthier products.

This past fall semester, students focused on City’s Harvest’s Healthy Neighborhoods Initiative, which aims to provide affordable access to nutritious food and produce to low-income communities.

“In these areas, the obesity and diabetes rates and related diseases are prevalent. We want to improve the retail environment so people have better access to better food options,” says Keith Carr, assistant manager of community development at the Healthy Neighborhoods Initiative.

Stern MBAs have been devoting approximately 10 hours each week to field research and data collection in Bedford-Stuyvesant, one of four target areas in the metro-region. In particular, the select locations have the highest density of middle school and junior high school students, corner stores and bodega operators, according to Carr.

“We know that one out of four students here is munching on something they got at a corner store after getting off of the bus,” says Carr.

“We’re trying to find out the buying patterns of these kids: What time of day do they grab a snack, what do they purchase?” says Carr.

“If we can show area store operators that it makes business sense to add healthier products (like fruit cups, whole wheat bagels or frozen yogurt), or replace products that are collecting dust on their shelves with such selections, they might be more likely to do it,” says Carr. “We can inquire about which incentives (such as funding to change store layout) might be favorable.”

Once the data is collected, Stern consultants will analyze it and provide a final report to their City Harvest faculty advisor, which will include market and customer analysis, recommended snack types and price points, according to Jamie Rose, associate director for Stern’s Office of Student Engagement.

For Stern students, the hands-on work experience with City Harvest has been invaluable.

“Our students are using their business skills from the Stern MBA program to help provide greater access to healthy food choices in these communities,” says Rose.

City Harvest is a first-time client of the SCC, which receives far more project proposals than it ends up staffing, according to Rose.

“We look for projects that require thoughtful and actionable recommendations to address complex business or societal issues,” says Rose.

Since its inception in 2002, the consulting group has worked with such organizations as the William J. Clinton Foundation, ACCION International, Alzheimer’s Association, the Alvin Ailey Dance Foundation and UNICEF, according to Rose.

When Ryan Armijo, a first-year Stern MBA student, heard about SCC and, specifically, the City Harvest consulting project, “It was a clear opportunity to bridge my academic program with real-world experience,” he says.

A native of Colorado, “Food has [always] been a focal point of my family,” he says. “We have farms and are keen on having family reunions on them and eating food grown on them.”

So far, in speaking with store owners, Armijo and his student colleagues are learning that, “Kids are coming in in the morning before school and trying to get as much food for as little [cash] as possible,” he says.

In trying to attack the global issue of healthy snacking, “My biggest challenge is knowing how large of an issue this really is and trying not to get caught up in solving all of the problems that exist but to stay focused on the micro-level, which is our specific project,” says Armijo.

After spring break, SCC students plan to speak with kids to learn what healthier snack options may be of interest to them. Once this feedback is gathered and the demand is known, store owners will hopefully perceive and fill this new business opportunity.

“If we can find a product we know these kids will purchase instead of potato chips and pastries, there is a business opportunity,” says Armijo.


View the original article here

Thursday, February 2, 2012

UAE Business Thought Exchange: ES-KO International - Daily Telegraph

If the USA is the land of opportunity then Dubai is arguably the land of dreams.

It has carved out a position for entrepreneurs from Asia, the East and elsewhere that offers the opportunity to make your fortune within your lifetime without having to have been born with the right background.

The business opportunities at this crossroads between East and West, in the Arabian gulf and in Africa are enormous, particularly if the metals and minerals of Africa produce new wealthy consumers.

Specifically, what is new is the diversity of businesses that operate from Dubai and how much they export coupled with the apparent ease of setting up.

From the businesses attending the Dubai Thought Exchange, the drive to succeed and the hunger to learn from others experiences is evident and the audiences with HSBC customers have helped to reinforce this.

The complexity of the region, the do's and don’ts and the Arabic mindset are not new but were clearly explained.

Culturally, businesses need to really understand the Arab mindset to succeed but the opportunities for retail in Dubai are clear with the plethora of brands and a large expatriate population as well as well off, young socially media conscious Arabs.

What was new was hearing about the large number of countries that import from Dubai and the low level of energy for energy intensive processes.

British business can learn that there is an available market in the emirate but also in the region.

However, targeted marketing is necessary particularly in the more conservative countries.

Dubai is a showcase from a marketing perspective for the region but also beyond because of the success of its tourism and the Emirates business model that makes Dubai and its international airport a hub.

Furthermore, in the global era of high-speed communications and technology where time is in short supply, British businesses need to readjust to building market positions through relationships for the longer-term gains.

What the British government should learn and actively implement is why Dubai is good for businesses.

It helps to have no tax but the real benefit of companies operating in Dubai is low bureaucracy which allows businesses the opportunity to develop design, manufacturing and marketing.

The Thought Exchange enabled us to leverage experiences and benefits that other businesses have faced.

This is a “free” consultancy, which is normally earned at a financial cost and a time cost.

The businesses participating, whatever their expertise or market or product, face the same issues of how to run, manage and benefit from controlled growth.

This encompasses financing, risk management, management controls and marketing strategies and initiatives.

From the factory visits, one can see how local manufacturers, taking advantage of low energy prices, can export to 40 countries and, with imported skills, technology and management, can compete with Europe.

At a specific level Dubai could house a central warehouse as our goods are in any event coming to Jebel Ali before onward transhipment.

Our trucking needs in Africa and elsewhere may benefit from meeting Gulliver’s trucking and our humanitarian aspirations could develop from local contacts.

However, it is the message of being always innovative, flexible, investing in quality and sustainability, creating or maintaining the right culture and striving for continuous measurable improvement that differentiates the best in class to the also-rans.

Entrepreneurs have all of these assets and being part of a group is reinvigorating.

ES-KO has gained and learned from this and, with renewed energy and passion coupled with controlled risk and business decisions, will continue to find and develop new business.


View the original article here