Tag: Global Immersion



Peter Boumgarden contributed this post to the Olin Blog. He is the Koch Family Professor of Practice in Family Enterprise and director of the Koch Family Center for Family Enterprise.

Peter Boumgarden
Peter Boumgarden

Given COVID’s impact on the global economy and our ability to travel, it has been nearly three years since we were able to take Olin’s MBA class to Spain as a part of their award-winning global immersion. And so, it was with great anticipation on March 26th that we hopped on a plane and headed to Barcelona with the class of 2022. 

My colleague Sam Chun, professor of management practice, and I were able to lead the first of three courses in Europe. Our class, “Foundations of General Management,” integrates insights from strategy, organization and financial management to provide a practical way to think about developing and implementing a strategic vision.

Different dynamics in play

Throughout the coursework, one of the things that Sam and I ended up exploring was the different dynamics in play based on who owns a company. The five cases we used (Kodak, Chateau Margaux, Pandora, Aravind, Southwest) provided unique ways to think about how different forms of ownership (public versus private, VC- or PE-backed versus family held) lead to distinct goals and different competitive pressures. Fresh off the “Ownership Insights” course with Spencer Burke, an adjunct lecturer at Olin, it was fun to continue to explore the role of ownership in shaping the dynamics within an organization, a framing too often left behind the scenes.

Students’ task: Set up a wine distribution business

Familia Torres employees offered perspectives to students on balancing innovation with continuity.

For the core project of the course, we tasked the student teams with setting up a wine distribution business. The group then visited three family-owned Spanish vineyards to understand better what a vineyard might look for in the distributor relationship. In addition to walking us through the strategic choices of product distribution, owners and key employees at Pere Ventura Family Wine EstatesGramona, and Familia Torres offered unique perspectives on how their organizations sought to balance innovation and continuity over time. This theme resonated with this year’s Data+Design series on balancing continuity and change. Many thanks to St. Louis’ own JiaMin Dierberg for sharing insights with our students on how a winery like theirs thinks about the strategy of distributor relationships. 

Specific to best practices around family ownership, it was wonderful to hear of the Familia Torres group and their involvement in the Primum Familiae Vini (PFV) group. PFV is an “international association of some of the world’s finest wine-producing families from France, Germany, Italy, Portugal, and Spain.” This network of families has worked to generate, test and share several creative practices in sustainability and product quality across these some of the world’s leading wine-making families. It was a wonderful learning experience and one that I think continued to give our students insight into ownership and competitive strategy.

Top photo: Olin’s MBA class of 2022 in Spain in March 2022.




Russ Shaw, BSBA ’85, was one of three people the Queen of England recognized as a commander of the British Empire in 2021. Shaw received the honor for his contributions to technology and business in London. Here, he describes how his Olin education helped him get there.

My Olin education covered four years, receiving a BSBA and majoring in accounting and receiving minors in economics and Spanish. I also participated in a number of extracurricular activities, with a particular highlight being a student representative to the Washington University Board of Trustees.

I certainly used the knowledge gained in my coursework in many aspects of my career. Some of the standout courses for me were macroeconomics, statistics, finance, marketing and a great course in leadership during my senior year.

My days are never the same as founder of Tech London Advocates and Global Tech Advocates. I meet with many startups, scale-ups and investors across many tech hubs around the world. I talk to journalists and do media interviews frequently, and I am in contact with various UK government agencies.

Many tech hubs

Through Global Tech Advocates I have travelled to many tech hubs both large and not-so-large, meeting amazing entrepreneurs with great visions and aspirations. I have hosted tech events spanning from San Francisco and New York to Shanghai, Bangalore, Tokyo, Singapore, Paris, Bogotá, Madrid, Shenzhen, Milan, Stockholm and, of course, London.

A key part of my role is to put the spotlight on critical issues that impact tech ecosystems. This includes issues around talent, diversity & inclusion, digital skills, infrastructure and access to funding.

I was honoured to be recognised by the Queen in her New Year’s Honours list as a Commander of the Order of the British Empire (CBE).  This is one of the highest levels of recognition in the United Kingdom by Her Majesty. The CBE has been awarded for service to business and technology.  I was honoured to meet Queen Elizabeth several years ago when she and Prince Philip hosted a technology reception at Buckingham Palace.

In terms of advice as students embark on their careers, I always say that there are two components that are integral to any career journey: reputation and network of contacts.  Both need to be nurtured and developed throughout a career. I also encourage students to travel and see the world, to keep expanding their horizons and to be open to new ideas and ways of thinking.




WashU Olin Business School’s MBA program was cited for one of the 10 biggest business education innovations by Poets & Quants, in an article published by the business school news site on August 12.

In celebration of the 10-year anniversary of the site’s founding, Poets & Quants looked back at 10 shake-ups they’ve covered throughout the years—from virtual classes to test-free admissions and beyond.

Coming in at No. 6 on the list was WashU Olin’s MBA reboot, featuring a 38-day global immersion semester that takes students around the globe to gain business experience and entrepreneurial expertise.

“At the heart of the reimagined Olin MBA is a required global immersion that takes the entire class of newly arrived students on a 38-day, round-the-world learning experience,” the article explains.

“What’s more, Olin did not increase its MBA tuition to pay for the immersion or the extra semester. Instead, the school ate all costs.”

Last year, the MBA reboot experience landed WashU Olin the title of MBA Program of the Year by Poets & Quants, who then called the new MBA program “one of the boldest and most innovative program changes any business school has made in many, many years.”

While Olin’s global immersion semester typically takes place at the very beginning of the MBA experience, the coronavirus pandemic has moved the 2020 immersion to spring 2021. And while what the future holds is unknown, Poets & Quants encourages readers to “watch for other B-schools to imitate the Olin model.”




Paige LaRose working with an Olin undergraduate student.

Economists often characterize events that rock financial markets as either “heat waves” or “meteor showers.” The former is regional—a weather event that disrupts trade or slows commerce in a confined area.

In contrast, “meteor showers” are wide-spread, global events, creating long-term disruptions for international supply chains and economic systems. Now, a dozen weeks into the havoc wreaked by the coronavirus pandemic, we are all perhaps more familiar with metaphorical meteor showers than any of us would like to be.

As I noted in my previous Desk of the Dean column, the effects of this crisis have brought into stark relief the ways we will need to approach business education going forward. The need for a global perspective on business is more imperative than ever. The way we provide that global perspective for our students will likely change—and that change is reflected in a new approach we’ll soon introduce for Olin undergraduates.

A global school—in the heart of the US

Since arriving at Olin, I’ve been keen to ensure 100% of WashU Olin students have a global experience. We took an extraordinary step forward for MBAs in 2019 by launching our three-continent global immersion.

Undergraduates starting in the fall of 2021 will benefit from our latest innovation: a “global mindset” degree requirement for Olin BSBA students, a framework designed to ensure every undergraduate can gain international business experience—whether or not they travel abroad.

Paige LaRose, associate dean and director of undergraduate programs, spent more than a year spearheading the planning for this new degree requirement, which faculty approved on February 10. She has been tremendously skilled at navigating the barriers to implementing such a requirement.

To be sure, a high percentage of our undergraduate students already participate in global experiences through Olin’s comprehensive menu of more than 20 programs including study abroad, international internships and experiential learning projects. More than 60% of BSBA students go abroad as part of their business school experience.

Accommodating various needs

For many students, traveling abroad is not an easy task. Health concerns, student athletics and other issues present challenges, we must acknowledge, that some students cannot overcome. Indeed, our approach perhaps anticipates concerns the pandemic has wrought, while still stressing the importance of that global perspective.

“It’s really about the difference between having a global experience and gaining a global mindset,” Paige explains. “What’s the learning outcome? At graduation time, what sort of competency do we hope our BSBA grads have?”

Focusing on forging a global mindset for our students opened opportunities for us to accommodate students for whom traveling abroad was impossible or inadvisable. Options include independent study coursework focused on global business issues, credit-bearing independent research, and a second major or a minor in a foreign language.

The variety of options fall into two categories: One focuses on academic and professional exposure to global business issues. The other exposes students to global cultures, people or philosophies through volunteerism with immigrant communities, experiential learning projects or new courses still in development.

“There was a recognition that we had to do more,” Paige said. “We had to do more to promote a global mindset. We’re just doing it in some innovative ways.”




In an event livestreamed to the audience of Poets & Quants, Editor-in-Chief John Byrne praised WashU Olin for boldly reimagining its full-time MBA program, interviewing four students, two career center representatives, two faculty members and Dean Mark P. Taylor.

The event today, February 20, 2020, in Frick Forum was the capstone event after P&Q named Olin its MBA Program of the Year last month. In an article at the time, Byrne had written that Olin’s faculty and staff had basically broken the mold for full-time MBA programs with the three-continent global immersion at the outset of the first-year student experience.

First-year MBA students Kendra Kelly and Jennifer Lanas flank John Byrne and Dean Mark Taylor at the “program of the year” party.

Today, addressing a crowd gathered for the livesteam in Frick Forum, Byrne remarked that he visits a lot of full-time MBA programs and sees a lot of tinkering around the margins as educators work on improving their programs.

View the recording of the livestream

“It’s highly unusual for somebody to take out a blank piece of paper and reimagine what an MBA experience can be,” Byrne told the crowd. “There are precious few schools in the world that would bring their entire student cohort out on a 38-day learning experience—around the world—and then pay for the entire trip out of the school’s budget.”

Schoolwide celebration

His remarks came in the midst of a post-livestream celebration featuring internationally inspired finger foods, T-shirts for students, faculty and staff and tables adorned with beanies and berets—a takeoff on the Poets & Quants‘ logo. Visitors were offered the chance to record a video testimonial about the program or take selfies with Byrne-approved John Byrne masks.

As displayed in Frick Forum, John Bryne interviews first-year MBA students Zach Frantz, Jennifer Lanas and Lungile Tshuma.

Byrne came to campus specifically to highlight Olin’s program in an hourlong livestream broadcast live on the Poets & Quants website and into Frick Forum. He broke the hour into three 20-minute segments.

MBA Program of the Year cookies!

First, he focused on the overall experience by interviewing Dean Taylor along with Olin professors Sam Chun and Andrew Knight, who taught during the global immersion. Segment two focused on the student experience with first-year MBAs Zach Frantz, Jennifer Lanas and Lungile Tshuma. The final segment focused on career outcomes with Jen Whitten, director of the Weston Career Center, career coach Chris Collier and first-year student Kendra Kelly.

“We were all outside of our comfort zones—but safely outside of our comfort zones with the help of the program,” Tshuma told Byrne during his segment, explaining in part why the program was so important to his development as a business student.

Focusing on the student experience

Ashley Macrander and Katie Wools — a poet and a quant.

Byrne focused many of his questions on the core experience of working on projects and experiencing the business world in the very earliest stages of their MBA experience. Chun, professor of management practice, spoke of the importance and depth of field excursions to Barcelona vineyards, for example.

“These are meaningful trips—not just going on a winery tour,” Chun said. “We’re thinking about how a family (at the vineyard) thinks about wine and thinks about their values.”

“We learned business by actually doing business,” Lanas said.

Pictured above: John Byrne, editor-in-chief of Poets & Quants, interviewing Dean Mark Taylor, Sam Chun and Andrew Knight for the livestream broadcast today.