UConn Today – CEOs and corporations should integrate legal strategy – an often-overlooked competitive advantage – into the core of their business plans, says Business law professor Robert Bird.
“Legal knowledge is the last great source of untapped competitive advantage in organizations, and the corporations that recognize this can unlock a storehouse of value creation that their rivals might miss,’’ Bird says.
UConn Today – Professor John Mandyck, the CEO of the Urban Green Council and the former Chief Sustainability Officer at United Technologies, will speak on the topic, “Is Sustainability Dead?’’ next month.
The presentation is part of the Equity Now speaker series and it will be livestreamed at 6 p.m. March 27. Students, faculty, staff, alumni and friends of the university are welcome to participate. Pre-registration is required.
With the United States again out of the Paris Climate Treaty and the Trump administration favoring fossil fuels, it’s easy to wonder if the sustainability movement is over. It’s definitely not, according to Mandyck.
Wallethub – A budget is a plan that outlines how much of your income should go to different parts of your finances, from monthly bills and day-to-day purchases to savings, charitable donations and investments. Having a budget helps you stay organized while moving toward your financial goals and holding yourself accountable.
WalletHub – Zero-based budgeting is a budgeting strategy that involves assigning each dollar of your income to a specific monthly expense, so your income minus your expenses always equals zero. The point of zero-based budgeting is to avoid overspending and to ensure that all the money you make serves a purpose.
WalletHub – Zero-based budgeting is a budgeting strategy that involves assigning each dollar of your income to a specific monthly expense, so your income minus your expenses always equals zero. The point of zero-based budgeting is to avoid overspending and to ensure that all the money you make serves a purpose.
ctpublic.org – M’Lynn Gonzalez walks up and down the aisles of her local grocery store, picking up ingredients for dinner tonight. She finds what she needs, heads to the register and rings herself up. She sighs and takes her card out to pay as she reads her total — $40.
Gonzalez, a student at the University of Connecticut, says $40 is the average price she pays at the grocery store for just one dinner’s worth of ingredients. The cost of food and other essential items has risen beyond the budgets of many. Services such as food pantries continue to grow in popularity as the U.S. population deals with the increased costs of essential goods.
UConn Today – A fierce work ethic, great research, and many hours of practice helped the Husky Case Competition Club win the top prize at the 32nd Kogod Case Competition at American University earlier this month.
CT Insider – That’s a complicated question for a lot of us. For the state as a whole, it’s even more so. Connecticut held the claim as the nation’s richest state, measured by average income per person, from 1987 until 2021. Massachusetts passed us that year, powered by a biotech boom in the Boston area.
UConn Today – The UConn Online MBA program debuted at No. 33 among the best online programs in the nation, considered an honor for a program that recently entered the academic arena.
Poets & Quants, a news and ranking organization focused on graduate business education, announced the results this week. The UConn program also ranked No. 27 for career outcomes and No. 26 for academic experience.
At the School of Business, our main mission is to prepare our college students to begin or grow their careers and differentiate themselves in the workforce. But it isn’t our exclusive goal.
We also work with Connecticut high schools to ensure that our state’s aspiring youth have the foundation that they need to meet their business and financial goals, as well.
One of the programs I’m most excited about is the School of Business’ Financial Literacy Innovation Program, known as FLIP. The program began in 2019, serving just 20 students. This semester, it drew 140 students to Storrs on Saturdays to learn about financial decision making. The plan is to expand the program to Stamford starting in spring 2025.
The program began with the realization that many high school students were lacking financial knowledge, a problem that could easily derail their futures. Spurred on by the enthusiasm and generosity of our alumni, we welcomed several high schools to participate in the original program. Since then, it has continued to grow.
This year we’ve extended the program from just a spring offering to both spring and fall. We were able to serve some 280 students from more than nine high schools, including Bloomfield, Bristol, Hartford, Windham and Vernon.
One of the highlights of the program is that these high school juniors and seniors are being mentored by UConn business students, who can explain the real-world financial decisions that they make as college students living on limited budgets. Beyond that, they discuss everything from borrowing money to paying taxes to the cost of rent. They also talk about the cost of higher education and the return on investment, as well as the opportunity to start a business at an early age. All these lessons are extremely valuable, but more impactful when delivered by an older peer.
FLIP also introduces high school students to the experience of being on a college campus, something of particular benefit to first-generation students for whom this experience is very new.
Professor Nora Madjar, our associate dean for undergraduate programs, has been deeply invested in FLIP and recognizes the success of the program.
“These high schoolers are now more knowledgeable about bank accounts, credit cards, credit scores and taxes,’’ Nora said. “They are in a great position to manage their finances, and we ask them to share that knowledge with their family and friends as a way to ‘pay it forward.’ ’’
In the School of Business, we want to ensure that the students who come to us do so with eyes wide open and are fully prepared for the next two- to four- years of their growth and education. The FLIP program contributes to that readiness, and we know it makes a difference in the ultimate success of our graduates.
We appreciate the help and support of so many of our alumni and friends in executing this program and ensuring that our high school students are aware of the opportunities that await them.
