So you might be wondering - why the Triple Bottom line is the title for this personal MBA application blog. The term "bottom line" in simple terms means - "is this business profitable or not." What if major corporations started assessing their social impact on the local neighborhoods as part of their bottom line calculations and overall stock price? What if nonprofits invested beyond the accepted 10% operational cost margin they are so harshly judged against to improve their infrastructure and increase their staff, ultimately enabling them to increase their social impact? What if the nonprofit and profit sectors merged their business practices to address sustainability issues resulting in innovative and cost effective entrepreneurial solutions? These are some questions I've pondered through my 5+ years of working for a large government contractor and a lifetime of social service at local nonprofits. With this blog, I hope to share my exploration of how the MBA curriculum is evolving in these economic times towards promoting the "triple bottom line" philosophy of "profit+people+environment" as performance indicators of innovative businesses.
I believe we are in dire need of more socially responsible and entrepreneurial business leaders in order to solve some of our generation's most pertinent social issues/needs through the application of sharp business acumen that promotes economic development + compels genuine corporate social responsibility + and fosters innovative sustainability solutions around the globe - thus ultimately highlighting the "triple bottom line" businesses should measure their "profit" against.
I'll highlight specific schools, organizations, corporations, leaders, students, and ideas that are examples of such social entrepreneurship in action that have inspired me to pursue my MBA and ultimately share my journey to B-school with you.
Some Upcoming Blogs:
- Day in the life of a "Sloanie" Social Entrepreneur : Spotlight on MIT Sloan School of Management
- First week at HBS of an Engineer turned Entrepreneur: Spotlight on Harvard Business School
- Doing Business in the Capital of the Business World: Spotlight on NYU Stern School of Business
- Curriculum Changes of MBA Programs+ Diversity Weekend: Spotlight on UC Berkeley Haas School of Business
- The Business Case of the Society and Business Lab: Spotlight on USC's Marshall School of Business
- Entrepreneurship Week: Spotlight on UCLA Anderson School of Management
- "Socially Responsible Entrepreneur" Classes at the #1 Entrepreneurship Program (US News & World Report): Spotlight on F.W. Olin Graduate School of Business at Babson College
- Ranked #1 in Nonprofit Management (US News & World Report): Spotlight on Yale School of Management
- Building Your Social Network of Young Entrepreneurs: Spotlight on StartingBloc
- Doing Business in China: Spotlight on MBADiversity's Global Immersion Module in Shanghai, China
- Social Enterprise Careers at Acumen Fund, United Nations, Ashoka
- Real Life Struggles of Young Entrepreneurs
Other general B-School application topics I'll cover as part of my journey:
- To Invest or not to Invest in a GMAT prep course
- First Round or Second Round, Full time vs Part time, Decisions, Decisions...
- Essays and Letters of Recommendations: Holistic view of Me and Not a "Cut and Paste"
- Diversity in MBAs: Spotlight on Consortium, NSHMBA, Forte
- More to come....
Also please feel free to comment and/or recommend topics you'd like me to dig into by emailing me at [email protected]
With that said - Let the blogging begin!