Phnomenal Times

Written by Sushant Barave, William Conry, Daniel Conti and Joe Layton

For our IBD project, we’re working with Cambodia’s first and only rum distillery, Samai, based in Phnom Penh. Our team is partnering with Samai’s founders, Antonio and Daniel, on expansion strategy, new market pricing, operational improvement and accounting guidance.

Prior to arriving in Phnom Penh we had been corresponding with Samai to finalize the scope of the project and complete as much pre-work as possible. While our team was productive across those six weeks, it was remarkable how much more effective we became on location with the client. For instance, we had an idea of what the rum production process looked like, however being able to visualize the steps enhanced our understanding to the level required to make recommendations.  Additionally, speaking face to face with Daniel, Antonio and Champich, the master distiller, we were able to have more insightful conversations and gain a better feel for the business and its needs.

Dan and Sushant review the production steps with Daniel in order to calculate COGS

Dan and Sushant review the production steps with Daniel in order to calculate COGS

Another byproduct of live meetings is shifting priorities. While the project work streams had been determined in advance of our arrival, it became clear our first-day additional challenges that require support will surface. Our team recognized the importance of prioritization as a guiding principle – we need to invest our time and resources into the projects that are most vital to Samai and also ensure our deliverables are actionable.

 

Cocktail Competition

Samai’s distillery is open to the public on Thursday nights, when it serves up Samai rum-based cocktails to a lively, mostly expat, clientele. During our required rum tasting our first day on the job I suggested –  somewhat jokingly –  that we have a competition on Thursday to determine which Haas team member can create the best cocktail. Antonio sounded intrigued and within a day we had teams decided, menus set, ingredients purchased and a professional flyer posted on social media. That escalated quickly!

Dan and I settled on a variation of a Dark and Stormy entitled Ann’s Arbor, an homage to our undergraduate institution. Leveraging Joe’s advanced rum knowledge, he and Sushant crafted a more complex, boozy concoction, a Queens Park Swizzle.

We met at the distillery early to pour practice drinks and tweak the recipes until we had it right. This was not just a fun experiment; patrons would be paying for these cocktails! Once we had the proportions, preparations, and presentations down, it was game time.

It could have been the Berkeley-Haas name on the flyer, perhaps it was the sophisticated drink selection or maybe it was our rugged good looks and charm behind the back bar, but the orders flowed in like Trump tweets after a New York Times bombshell report.

Bill and Joe try to keep up with demand behind the bar

Bill and Joe try to keep up with demand behind the bar

At a few points we couldn’t keep up with the demand – we were forced to act like seasoned bartenders who knew how to accommodate a packed bar.

For the competition piece, believe it or not, according to the official tally the contest ended in a tie! The Ann’s Arbor team will point out that our drink had a higher volume of orders, which should be the tie breaker. The Queen Park Swizzle duo will remind us that more orders led to more misinformed votes from those who only sampled one beverage.

Regardless of who deserves the crown, overall the cocktail competition was a win. We learned useful skills that aren’t often taught in the classroom, had fun, brought in incremental sales for Samai and met some interesting people.

After shaking and stirring as celebrity bartenders for the night, it was back to our real lives Excel modeling and PowerPoint-ing as consultants at the Samai office the next morning. It was fun while it lasted, but there’s still work to do!

Back to work

Back to work

Berkeley Haas IBD 2017 – Aramis Menswear, Sao Paulo, Brazil

Written by Diane Chiang, Barun Mazumdar, Abhishek Mishra, Kalyan Pentapalli and Priya Vijayakumar

Weekend before in-country: Foz de Iguaçu

Five happy and excited Cal bears arrived at the Iguaçu airport on late Friday evening after spending almost a day in air and in connecting airports. We checked in at the beautiful Belmond hotel (which overlooks a small portion of the falls) and had our introduction to authentic Brazilian cuisine and Caipirinhas. It was love at first sight! The Iguaçu falls were absolutely breathtaking – on Saturday, we took a short walk along the waterfall trail and a boat ride on the Iguaçu River before flying to Sao Paulo.

The beauty and grandeur of the waterfalls made this short detour to Iguaçu totally worthwhile.

We arrived at Sao Paulo (SP) on Saturday evening and to kick off our 2-week stay at SP, we went to the acclaimed chef Alex Atala’s restaurant – D.O.M for an amazing fine dining experience. We spent the rest of the weekend exploring Sao Paulo and fine-tuning our Day of Arrival presentation.

First Week at the client site in Sao Paulo

We had an early start on our first day at Aramis’ office – Fabio Davidovici and Luan Silva with whom we had been collaborating since the start of our project greeted us. We presented our “Day of Arrival” presentation to Richard Stad (CEO) and Fabio. It was a very interactive session peppered with questions and interesting discussions around retail trends, brands, and competition.

Because of the high level of engagement, our meeting that was initially scheduled for an hour ran for over two hours. Richard appreciated the groundwork we had done while at Berkeley, it was also a great opportunity for us to learn more about the company and its challenges directly from the CEO. At the end of the first day, Fabio gave us a tour of one of the stores to round out the day.

On Tuesday, we spent the entire day visiting Aramis’ stores at various malls in Sao Paulo. This was an amazing way for us to get to better understand their products, store layouts, and store employees. We interviewed many store managers and sales people to understand the challenges and processes within the stores. We also visited many of Aramis’ competitor’s stores. We shared our initial feedback, observations, and ideas with Fabio, many of them centered on visual merchandising in the store.

Throughout the course of the week, we met with directors and managers across different functions – Marketing, CRM, Inventory planning, Warehousing, E-Commerce, Store Supervisors, Retail, HR and Customer Service. We also got a chance to have lunch on one of the days with the Founder, Henri Stad. Although we experienced a language barrier, Fabio attended all the meetings with us and helped with translation and provided more context.

We also scheduled meetings with stakeholders outside Aramis. We had a very insightful discussion with Fabio Matsui from Cypress Capital (HAAS ‘03) where he walked us through the Brazilian apparel retail industry and the various participants.

We also met with Daniel Maladrin (HAAS ‘05) from 2BCapital/Bradesco – the PE firm that invested in Aramis few years ago. Daniel introduced us to Leonardo Santos from Semantix, which was another company that the PE firm had invested in. We invited Fabio to join us for our meeting with Leo, where he walked us through the omni-channel strategy he had implemented at an American retailer and the challenges he faced launching in Brazil. We identified many synergies between Aramis’ omni channel implementation and the current work that Semantix is doing, and the two companies plan to start some initial discussions to collaborate.

By the end of week one, we learnt a lot about the Brazilian people – their food, culture, and working styles.  Fabio spent a generous amount of time to ensure we were comfortable, got enough face time with Aramis employees and explored Sao Paulo the way locals do.

 

Splendid Salvador and Refreshing Recife

We took a late flight on Friday to Salvador to experience the northeastern part of Brazil. We spent Saturday at Salvador exploring the churches, beaches and the colorful Pelorinho neighborhood. The highlight of the day was the amazing Bahian cuisine we had at Pariso Tropical. This restaurant won our top vote among twenty other strong contenders for the best food of our entire trip! Later that night, we flew to Recife and spent our Sunday exploring Recife and nearby Olinda. We returned to Sao Paulo on Sunday night.

Monday started with a series of previously scheduled meetings.

Talia from Visual Merchandising was the first meeting; she travels around the country for store openings and renovations. She has been re-working the store layouts to make them look fresh and cater to younger demographic. The major challenge she faces is convincing the store managers that the new layouts will lead to increased sales. We then met with Felipe from Store Sales Management who manages all store managers across the country and was able to share how sales strategy has changed over the years and lately with the advent of new POS technology.

 

At the end of each day, we debriefed and communicated our findings till date and next steps with Fabio. We had dinner with Fabio and his wife Fernanda, who took us out to Don Veridiana, which many locals claim to have better pizza than in Italy.

On Tuesday, the team interviewed Mariana, Director of Product, the final scheduled interview and learnt more about how Aramis designs and sources its products. With interviews now over, we focused on consolidating our findings and clarifying any remaining questions we had. After a full day working session, the team agreed to expand the scope beyond assortment planning and omni-channel to include other functional areas and do a 360 analysis.

On Wednesday, the team marched towards the converge phase and began to build on the final business plan to the client. We separated our recommendations into multiple functions including: Inventory Planning (Assortment and Replenishment), Customer Relationship management (CRM), Customer Service, Data/IT Integration, Store Experience, Multi-channel, and Internal Communication. Throughout the day, we had multiple calls for clarifications, and by the end of the day, we had an initial draft that we shared with Fabio before we headed out for some excitements! In the evening, we went to watch football match between two bitter rivals: Palmeras and Colinhas, accompanied by Fabio and Luan.

Thursday being the final day, the team had an early start. We received feedback from Fabio on the initial draft, and decided to move forward with additional deep dive into assortment models. We had dinner at the CEO Richard’s house, along with his wife and son. We learned about Richard’s travel experiences, and discussed his vision about emerging technologies in retail. After dinner, the team headed back to the hotel for the final home stretch of our business plan and wrapped up around 4am.

Friday, the last day at Aramis, was quite a bittersweet experience. We started the day with our presentation with Richard (CEO), Fabio and other executives. Richard showed strong interest and agreed with most of our findings and recommendations. He showed special interests in the assortment models that we recommended and believed it could be quickly implemented. Richard appreciated the fact that we had dug deep into the entire organization, and that we understood the sentiment and culture of Aramis in such a short timeframe. Though rewarding and relieved, it was quite a bittersweet moment when we finally had to say good bye to everyone at Aramis.

Brazil Finale

For the final weekend in Brazil, we headed to Rio de Janeiro. Over the next two days, we experienced the landmarks, nightlife, shopping, and cuisine. The experience of the IBD program has been beyond our expectations and cannot be expressed in words. We appreciated the opportunity to work with Aramis while experiencing the incredible country of Brazil. The five of us also built such strong bonds during the trip that we know we can rely on each other.

Wrapping Up Our Citibanamex Experience

Written by Kim Eun, Pamela Ju, Deepak Kurien and Austin Lu

It’s been an exciting two weeks for the Haas IBD Citibanamex team!  We came, we met, we ate, we worked, and we conquered – in that order.

Meeting Citibanamex

Our main client contact, Alex West, had done an incredible job setting us up with teams all around the bank.  We had meetings with the CIO, the new head of UX, directors in the eCommerce group, and a lot of exposure to their relatively new Innovation and Digital teams. We visited their call center, the digital factory, a new smart branch, and this afternoon we will be ending our experience at the still-in-the-works Innovation Lab.

Citibanamex has been investing a lot in innovation and digitizing their experience, and they’ve seeded these teams with existing bank experts as well as recruiting from the likes of Wal-Mart and IBM.  We had a lot of opportunities to talk to them in 4-on-1s, and everyone was incredibly generous with their time and resources.  They were excited about our project and wanted to help in any way they could.

The Project

Our project: propose a new insurance product for Seguros Citibanamex, with a focus on how to execute it through digital channels.  We’ve spent these past few weeks ideating around this – specifically a product that would be appealing to women.  At the end of the day, we would go back to the hotel room and brainstorm and argue about what features would be the most important (see picture below).  We were lucky enough to have a team dynamic where we could argue with each other but never take it personally.

More than once, we came up with the only partially joking conclusion that, “Insurance is a perfect product.”  As the Deputy CEO of Seguros Citibanamex reminded us, “Insurance is a wonderfully complex product that also does a world of social good.”  We ultimately came up with a product that we very proud of: Sueños Seguros Citibanamex.  It is an investment-insurance product that helps women realize their dreams.

The Final Presentation

We presented it yesterday morning, and Alex and Gaby Galindo (Citibanamex’s head of innovation) did us the great honor of setting us up in Citibanamex’s beautiful palace downtown.  We started at 8 am in a comedor, where we were served breakfast and Gaby welcomed everyone to the morning’s events.  In addition to us, Gaby and Alex, we had 13 additional guests from the insurance team, ranging from product managers to the Deputy CEO of Seguros Citibanamex.  We could tell that we were helping to bring these two organizations together and were both honored and nervous at the responsibility.

Fortunately, the presentation went really well.  Right after we pitched the product, people began asking us questions.  At first, we were worried that it meant our product was going to be received poorly – but it soon became clear that they were all excited by our proposed innovations and wanted to work through exactly what that would look like.

At the end of the presentation, the leader of the Insurance team thanked all of us for our work and told us that every part of our product seemed feasible – except for potentially the technical components (such as our proposed insurance simulator or process flows through their insurance app.)

We were so pleased with how our presentation went – and pleasantly surprised to hear that they would continue to iterate on our work and that one day we may see a version of our product on the Seguros Citibanamex website.

The Last Days

The rest of the day was a dream: an archivist led us on a tour of the Citibanamex palace downtown, we went out to lunch with the insurance team for traditional Mexican food and were very sad to leave them at the end.  Finally, one of the team members led us on a tour of the Zocolo.  We had been there just the week before, but this experience really showed us what a difference having a local with us makes.  He made us go in buildings that we had just walked by before, and we were stunned by how incredibly beautiful these buildings were.  There was the gold-plated Post Office, with a stunning staircase in the middle that made us all gasp out loud when we saw it.

As our experience is coming near the end, we’re both excited to be going home and sad about leaving all the people we’ve met in our two weeks here.  There is the lady at the front desk who provides us all of our security badges every morning.  She asks about what we have done, and Austin entertains her with stories about eating chapulines (grasshoppers), meeting his new favorite luchador, Fuego, and driving on the streets of Mexico City.  There is Thelma, the incredibly kind administrative aid that brings us water and books our meetings, finds us rooms, and helps us when we don’t know how to handle a situation.  When we walk around the office now, we see people that we know and we stop and chat – it’s hard to imagine that we only showed up two weeks ago.

We’ve seen and accomplished a lot in the last two weeks and we couldn’t have had a better experience.

 

The Adventure Begins, Team Ananda in Bangkok

Written by Kevin Cottle, Gian Gentille, Jordan Taylor, Mike Solarz and Elspeth Ong

Lunch with fellow classmate and IBDer, Harsh.

Lunch with fellow classmate and IBDer, Harsh.

After a whirlwind week of finishing finals, packing up our apartments and saying goodbyes to our friends in Berkeley, our team of five – Elspeth, Mike, Kevin, Gianfranco, and Taylor – headed to Southeast Asia to complete our consulting project for Ananda, a premier real estate developer in Thailand.  Ananda, founded by a Haas alum, is one of the largest condominium developers in Bangkok.  We were tasked with conducting a competitor analysis and developing a growth strategy plan to help Ananda achieve its aggressive growth targets. 

Team Ananda in front of Marina Bay Sands

Team Ananda in front of Marina Bay Sands

The Adventure Begins

The team decided to take a detour en route to Bangkok and spent the weekend before our official start date in Singapore, our team lead Elspeth’s home country.  Harsh, another classmate and IBD team lead, was also in town and the two of them were incredibly gracious hosts, showing us all of their favorite Singapore hotspots.  We explored Orchard Rd, Clarke Quay, Gardens by the Bay, and the beautiful Marina Bay Sands hotel, where we took breathtaking photos of the city.  We enjoyed an incredible dinner with Elspeth’s family and a great day at Sentosa, definite highlights of the weekend.  The weekend was the perfect start to our Southeast Asian adventure and was a nice mini vacation prior to arriving in Bangkok and hitting the ground running with our client.

       Enjoying dinner with the Ong Family.

Enjoying dinner with the Ong Family.

Ananda Week 1

Our client met us in the lobby of our hotel Monday morning to bring us to the office, which was conveniently located next door; the proximity proved to be a huge blessing as we came to know the huge challenge that is Bangkok traffic.  We spent the first week introducing ourselves to key stakeholders within the company and conducting interviews to validate the work we had done in Berkeley.  We spoke to employees who had worked at other real estate development companies and pulled on the expertise of strategic business development VPs.  We made use of consumer surveys and other market intelligence research the company had conducted and incorporated all of this new information into our analysis.

By the end of the first week, we had validated our competitive analysis processes and reworked some of our strategies based on client feedback.  We had spent most of our time with our main point of contact, Khun Lloyd, who was incredibly generous with his time and went out of his way to ensure we had a proper introduction to Bangkok.  He kept us busy with lunches and dinners throughout the week, and it quickly became evident how important relationship building is to doing business in Thailand.  We had also discovered the magic of Thai massages and began planning our spa visits for the remaining time in country!

Angkor Waaaat

After our first week of work, we headed out to Siem Reap, Cambodia!  Our trip to the airport was our first real taste of Bangkok traffic and we ended up using multiple modes of transportation, running through the streets and the airport, and convincing an airport employee to help us cut the immigration line in order to make our flight.  The crazy travel experience was well worth it and we very much enjoyed our time exploring various temples in Siem Reap and hanging out at our fancy Airbnb, equipped with a pool in the living room.  We had a relaxing day on Sunday at Phnom Kulen where we swam and played in waterfalls all day.

Team Ananda in action at Ankor Wat

Team Ananda in action at Ankor Wat

Week 2

Week two began with a day of site visits to both Ananda and competitor properties.  We were impressed by our client’s showrooms and model units, which clearly stood out from their competitors.  The attention to detail and beautiful interior design made us all want to invest in Thai property!

The team contemplating purchasing some Thai property

The team contemplating purchasing some Thai property

The rest of the week was spent conducting final research and putting the finishing touches on our final presentation deck, which we presented Friday of Week 2 to the CEO and our main points of contact, Dr. John and K. Lloyd.  The presentation went well and we had a great discussion about our recommended strategies, learning that many of the workstreams we suggested were already under consideration. Additionally, we discovered our client’s passion for technology.  The team is quite visionary and frequents tech hubs such as Silicon Valley and Tel Aviv to scope innovations that could be used to improve their properties and/or work processes.

All smiles after the final presentation.

All smiles after the final presentation

Week 3

Having completed our presentation and main assignment at the end of week two, we spent week three networking and exploring Bangkok.  Our client put a strong emphasis on us using our time in country to understand Thai culture and life in Bangkok and encouraged us to use week three to gain this knowledge.  We met with another Berkeley alum, K. Paul Ark, who heads up the VC arm of SCB, one of Thailand’s major banks.  We connected with a Haas 2015 alum who started his own VC fund and learned more about his post-Haas experience and the work he does in bridging Thailand and San Francisco.  We are grateful to have had this free time to further explore Bangkok and to gain a deeper understanding of business in Thailand.  We feel spoiled to have been connected with so many interesting people and feel lucky to have spent these three weeks at Ananda.  We look forward to staying in touch with our new contacts and will see many of our Ananda contacts in August when they visit the Bay Area!

Competing with Team Indonesia’s teddy bear mall picture

Competing with Team Indonesia’s teddy bear mall picture

Exploring the old Siamese capital of Ayutthaya

Exploring the old Siamese capital of Ayutthaya

Team IBD Japan Takes on a Timely Issue: Media and the US Market

Tokyo, city of 20 million people

Written by Federico Alvarez Del Blanco, Diego Butrich, Kim Long, Angela Napit, and Kasey Koopmans

The US media is having a moment. According to Donald Trump’s twitter account, “the media is the enemy of the American people.” Counter to his bold-faced claim, a recent AEI report found that the majority of registered voters do *not* think the industry is their enemy. That being said, confidence in the news is eroding and has been for many years in the US.  While conducting our own interviews, we found again and again that people are worried about bias and hungry for news sources from outside the American echo chamber, especially after the most recent election.  

Media drama isn’t confined to the US. The industry at large is in the midst of an identity crisis. Today’s digital advancements mean that anyone can be a journalist and anyone can share information freely on the web. Free news sites and aggregators have made the new generation believe that news should be free and have made the future of paywalls and ad-based models far from certain.

Tokyo subway transit: In both cases, silence was king.

Tokyo subway transit: In both cases, silence was king.

Enter Nikkei Asian Review

Tokyo subway transit: In both cases, silence was king.

It is against this tumultuous backdrop that our team partnered with Nikkei Asian Review (NAR). NAR is a subsidiary of Nikkei, a company that has been around for nearly 150 years and circulates the most read widely business newspaper in Japan. In 2013, NAR was launched as Nikkei’s new English language product – a weekly magazine and online news source specializing in in-depth, Pan-Asian coverage of business and financial news. In order to bolster its international brand, Nikkei also made the bold move to purchase the Financial Times in 2015. All of these elements (Nikkei heritage, FT expertise moving in-house, increasing need trustworthy news) put NAR in a promising position. Our project was to help NAR tap into one of the most lucrative English-speaking markets and explore their potential in the US. How should NAR position itself in the US? Who is their target audience? And how will NAR connect with and market to that audience?

The team (with client lead, Asuka), the office, and the imperial palace (behind)

“Tell me about the last time you read the news”

Since our project was focused on strategy for the US market, the bulk of our field work was based out of our Berkeley home. The first mission was to capture as much information as we could about competitors and their marketing strategy in the US (screen shots on screenshots!). The second mission was to conduct in-depth interviews. Our 30+ completed interviews focused on 1) gathering expert opinions from journalism professors and professionals and 2) consumer news reading habits from target respondents.  Armed with a more refined understanding of the media industry, its challenges, as well as its readers and their evolving needs, we hopped on our 19-hour flight to Tokyo.

The team that dines together, thrives together: 1st lunch with NAR team in Tokyo

Konnichi wa, Tokyo!

A few days after our final exams, Team IBD landed in Japan. Our first observation: for a city of 20 million people, it is remarkably quiet, clean and orderly. Even the public transport smelt of perfume (BART isn’t hard to beat)!  In our Day of Arrival presentation, we shared our preliminary findings and laid out the work for the weeks ahead. What struck us most that first day, was how invested the entire company was in supporting us.

Team IBD Japan with a few visiting Haasies at the Shibuya “scramble”

Designing a strategy

Over the first week, NAR put their project commitment into action. Our calendars were filled with meetings, ranging from representatives from the editorial and marketing teams to the Financial Times. With each meeting, we zeroed in closer on where NAR stood and what they could leverage in approaching a new market.

Combining what we had learned in-country with our in market research, we presented a detailed overview of NAR’s competitors and how they stacked up against NAR along various dimensions at the end of the first week. During the second week, we focused our efforts on defining the target reader.  Based on our consumer interviews and the powers of post-it collaboration, our team refined 3 key personas we recommended NAR to target.  

Teammates Angel, Diego and Kim brainstorming tactics (note bag of Kitkats, a key ingredient to team success)

Grand finale

Coming into the final week, we finally brought all the pieces together and constructed our recommendations. Our final presentation took place on our final day in the office. It was widely attended by ~45 people, including the editor in chief and other senior leaders. We were thrilled to receive their earnest engagement in our final discussion. They promised that when we visit NAR in a year’s time, it will look like a whole new organization.

IBD Japan – Flash Mob (public stretching)

When we gathered for a team drink post-presentation, we all agreed: best IBD project ever (note: unadulterated bias). When not absorbed with the fascinating problem we were helping solve, Japan showed us a helluva good time. From wondrous meal after wondrous meal to kabuki theater to strikingly beautiful temples and shrines, Japan’s charms wouldn’t quit. We all spent the three weeks with anime-inspired stars in our eyes. Amidst all the adventures, the highlight for us all was the karaoke. We did it all for the karaoke.

Updates from IBD Turkey – Touring Turkey with YGA and The Turkish Delights

Written by Amol Borcar, Annie Porter, Chelsea Harris, Jeanne Godleski, and Mariana Martinez

The room was buzzing with three languages, and communication was a game of telephone. One of the Syrian primary students would excitedly share something in Arabic, at which point it was translated into Turkish by a Syrian university student, and then a staff member from Young Guru Academy (YGA) would share it in English with our Berkeley-Haas IBD team of five. Nuance was definitely lost through these piecemeal verbal communications, and we came from radically different backgrounds – lives interrupted by the Syrian Civil War, educations defined by a single test score, and former careers in consulting, software engineering, and clean energy. Yet there was one language in the room that we all understood perfectly – science.

YGA university student volunteers leading a science workshop with Syrian primary school students in Gaziantep. Annie concentrating hard on remembering how electrical circuits work!

Our team, fondly nicknamed “The Turkish Delights,” was at one of YGA’s science workshops with Syrian refugees in Gaziantep – a city in southeast Turkey, just 20 miles from the Syrian border. At first glance, this activity seemed somewhat removed from the formal scope of our project with YGA – developing the strategic business plan for the new Aziz Sancar Science Center, set to open in Istanbul in 2018. We were struggling to understand how participating in YGA’s science workshops in Gaziantep and Trabzon would inform our marketing and financial plans for the Science Center. Coming from high-pressure, deliverable-oriented careers prior to Haas, we all wondered if our time would be better spent at our computers, modeling projected visitor numbers and coming up with creative marketing tactics. The business plan was the whole reason we were here after all, right?

Mariana answering the hardest of science questions, like “Where is Mexico?”

Mariana answering the hardest of science questions, like “Where is Mexico?”

Now in our second week, we have realized the immense gift YGA gave us by immersing us in their culture, projects, and relationships for the first week. Coming into our in-country time with YGA, we knew it would be anything but your typical client-consultant relationship given our interactions from Berkeley, but this experience has exceeded all expectations.

On paper, YGA is a non-profit organization that cultivates “selfless leaders” who will create a brighter future for younger generations through innovative, community-based programs and technologies. These projects include Science and Innovation Workshops, My Dream Companion for the visually-impaired, and the Young Leaders Program for high school students.

When the students insisted on giving us a Turkish dance lesson at the end of one science workshop, we couldn’t say no!

When the students insisted on giving us a Turkish dance lesson at the end of one science workshop, we couldn’t say no!

However, the projects themselves are merely tools that YGA uses to instill confidence, humility, and optimism in Turkey’s young generations, with the hope that they will one day lead more socially-conscious organizations and companies. The process of implementing these projects – the planning, the evaluation, the personal growth – is the true goal and measure of success. For example, we ran three separate workshops – one for Syrian refugees, one for orphans, and one for underprivileged students – and although we couldn’t communicate perfectly in any of them, science gave us common ground to which to connect. After each workshop, we paused to reflect on how the students interacted with us and the material, and we all left having learned something about ourselves.

Amol mastering a self-driving car with Syrian students at a science workshop in Gaziantep.

Amol mastering a self-driving car with Syrian students at a science workshop in Gaziantep.

This has been a very new way of thinking and working for us, as we come from jobs where the destination – what you produce – is far more important than the journey. Only by experiencing YGA’s model firsthand could we internalize the notion that success can also be defined as a thoughtful, self-reflective process that leads to personal and collective growth.

Our client Duygu giving us the rundown of all the delicious homemade Turkish dishes!

Our client Duygu giving us the rundown of all the delicious homemade Turkish dishes!

YGA has made us feel like family, from inviting us to a homemade Turkish dinner at our client’s apartment to including us in their weekly executive leadership meetings.

The future location of the new Aziz Sancar Science Center at Istanbul Technical University’s (İTÜ) Maçka campus, which currently holds very outdated science and technology exhibits.

The future location of the new Aziz Sancar Science Center at Istanbul Technical University’s (İTÜ) Maçka campus, which currently holds very outdated science and technology exhibits.

We have now lived and breathed the YGA way and will deliver a business plan for the Science Center that integrates both the tangible programs and intangible values that define this incredible organization. Earlier this week, when we visited the building in Istanbul where the Aziz Sancar Science Center will open next year, the impact of our project felt more real than ever.

These two weeks have been a blur, and we don’t anticipate it slowing down for the remainder of our time. While we’ve had to squeeze time at our computers into odd hours given the packed, immersive days with YGA, we have still managed to find moments to explore Turkey’s rich cultural – and culinary – offerings! We spent a few hours touring Trabzon with a very jolly tour guide who shared all of the local jokes and stuffed ourselves with Gaziantep’s world famous katmer!

This slideshow requires JavaScript.

We have also been befriending Istanbul’s well-cared-for stray cats and popping into the city’s gorgeous mosques at every chance.

The full depth of the IBD experience likely won’t hit home until we are on our return flights or starting our summer internships because it is so much to digest both personally and professionally. We all know, however, that YGA has forever changed how we define success.

Amol, Mariana, and Jeanne visiting Istanbul’s Süleymaniye Mosque.

Amol, Mariana, and Jeanne visiting Istanbul’s Süleymaniye Mosque.

Updates from the IBD – Team Tekes in Finland

Berkeley-Haas Full Time students Lauren Elstein, Javier Gunther, Natalie Osterweil, Mitch Plueger, and Matt Shelton are working on an IBD project with Tekes in Finland.

The team learns about Finnish culture through a “Who are the Finns” presentation

The team learns about Finnish culture through a “Who are the Finns” presentation

Who are the Finns?

Considering how familiar we generally are with European countries, upon our arrival we quickly realized that we knew very little about the most eastern of the Nordic countries. Relegated to the far North and in the cross section of east and west, Finland’s geography and history have formulated a unique culture that none of us had imagined.

About a week into our trip, our IBD group found ourselves sitting in a semi-circle of

The team stand atop one of the most popular saunas in Helsinki, with a beautiful view of the Baltic

The team stand atop one of the most popular saunas in Helsinki, with a beautiful view of the Baltic

reclining chairs in one of the most popular saunas in Helsinki. Because of a family-friend connection, and good ole fashioned Finnish hospitality, we had the privilege of hearing a “Who are the Finns?” presentation from a former Fulbright director, who shared his insights with each incoming Fulbright Scholar group. His perspective, information, and storytelling conveyed a culture of survival, simplicity, isolation, yet fortitude. Sharing the longest border with Russia, and having been previously conquered by the Swedes, all while living on the periphery of Europe in one of the coldest climates in the world has not been easy for the Finns. It has created a culture of steadfastness, intelligence, but humility. The buildings are not fancy. Wealth is not on display. The people are not overly friendly or boisterous. However, the Finns are kind, smart (free education!), and resourceful. They think long term, are loyal to each other and their resources and are quick to welcome a group of foreign students working in Helsinki for a few weeks.

The team stands with the founders of Paptic, a startup seeking to replace plastic bags with a more environmentally friendly one

The team stands with the founders of Paptic, a startup seeking to replace plastic bags with a more environmentally friendly one

So, what were we doing there?

What was quite fascinating to us was seeing how this background provided a whole new context for understanding our clients. Our primary client, Tekes, is a Finnish innovation funding agency—it grants money to, and invests in, startups and R&D to create innovative Finnish businesses and help them scale their innovations to the world stage. Tekes selected three startups in particular for us to work with during the semester—they each had different projects for us, but all were working on scaling their innovations beyond the Finnish borders. We quickly observed a very common scenario: a brilliant Finnish scientist discovers a new innovation. He or she patents it, earns a grant or initial investment for lab testing and maybe a pilot but then is a bit stuck. It’s hard to receive the next level of funding without proving the ability to scale. But how do you prove the ability to scale without the funding to do so? Furthermore, how does a very technical scientist or engineer convey the business case or importance of the product in a way where investors can see the potential and long-term strategy? This is even more challenging in a culture where it is not common to put yourself out there and explain why your solution is the best and deserving of a partnership, resource, or investment.

Visiting Metgen’s pilot plant, which is creating enzymes to save manufacturers on energy use and costs

Visiting Metgen’s pilot plant, which is creating enzymes to save manufacturers on energy use and costs

These are questions we sought to tackle with our clients: one which has figured out how to extract nanocellulose from agricultural side streams (which is a first!), one which uses wood-based fibers to create a replacement of plastic and cotton bags, but which is sturdier and more durable than regular paper bags, and one which tailors enzymes to reduce energy use and cost for major processing plants, such as paper mills. Sound complicated? We thought so, too. But after talking to many experts, doing immense amounts of research, and learning more about the companies themselves, we identified many synergies and trends between them. We focused on helping them find applications for their innovations, building a business model that invites investment and creates long term sustainability, and strategizing entrances into international markets.  Along the way, we also had the privilege of visiting some of the pilot plants, learning about the production process and what makes the innovation so revolutionary, and experiencing some of the prototypes and early products.

Witnessing how clothing fibers can be broken down, cleaned, and recycled for use in brand now clothing and textiles

Witnessing how clothing fibers can be broken
down, cleaned, and recycled for use in brand now clothing and textiles

Green Gold

While Tekes supports many aspects of innovation across industries, it heavily invests in arguably one of the most ‘Finnish’—the bioeconomy. In case that’s a new term (it was to us), bioeconomy means an economy that utilizes biological natural resources to create products, food, energy, and services. It generally focuses on the long-term viability of natural resources and biodiversity, reduces dependency on fossil fuels and synthetic materials, and promotes economic development and sustainable job creation. With 80% of its land is covered by forests, Finland has become a pioneer in the industry, which has created wealth and sustainable economic development for the prosperous country. This is largely attributed to their ability to maximize the

The team visits Aalto University’s Bioproducts Center, where graduate students create new innovative discoveries of tuning biomass into products and applications

The team visits Aalto University’s Bioproducts Center, where graduate students create new innovative discoveries of turning biomass into products and applications

utilization of their natural resources in sustainable, wise ways. For example, the average US paper mill self-produces only 56% of its energy, while the average Finnish mill is over 100%. They actually create more energy than they need, as a result of their focus on resource efficiency and innovation.

Javier inspects the biodegradable ‘biokini,’ made of nanocellulose

Javier inspects the biodegradable ‘biokini,’ made of nanocellulose

This mentality is what drives many of the entrepreneurs in Finland. In addition to our three startup clients, we also had the opportunity to visit and learn from an entrepreneur who takes used clothing, breaks it down, and then is able to make brand new material from it. We met another who figured out how to make cosmetic containers, which feel and function like plastic, but which are made 100% of wood-based material. These environmentally-focused innovators are using cutting edge technology to create large scale and sustainable change in the marketplace—and for these last few months, we had the privilege of being a part of it.

 

We had the opportunity to meet with the founder of Sulapac, a thriving new startup that makes cosmetic containers out of wood-based materials

We had the opportunity to meet with the founder of Sulapac, a thriving new startup that makes cosmetic containers out of wood-based materials

And in our spare time…

After a steep climb up, the team (with Javier’s wife, Carolina) were rewarded with a gorgeous view over Old Town Tallinn

After a steep climb up, the team (with Javier’s wife, Carolina) were rewarded with a gorgeous view over Old Town Tallinn

In case you’re concerned that we didn’t actually get to have a little fun, rest assured, we had plenty of play time. In our first weekend, we took a ferry over to Tallinn, Estonia, to visit the old and beautiful city for the weekend. From another fortuitous family-friend connection, we had the immense privilege of being taken to dinner by the Undersecretary to the Foreign Minister of Estonia, who also gave us all a history, geography, and cultural lesson on the Estonian people as well.

 

A memorable experience

When we arrived in Finland, most of us could not have told you the difference between it and its long, northern, Scandinavian neighbors. But we have learned to appreciate the understated and unassuming country—one that knows a thing or two about survival, protecting its people and its future, and perhaps most importantly, how to stay hot in those icy cold winters.

This slideshow requires JavaScript.

IBD Team’s Unique Opportunity to work with Crane and Material Handling Equipment Manufacturing Company, ElectroMech

Written by: Jose Vitor Ribeiro Dos Santos, Johnny Gutierrez, Jason Palacios, Hejar Oncel, and Jeff Neblett

Background

Visit to Cranedge, ElectroMech’s servicing, and maintenance subsidiary

India is the world’s second most populous nation and arguably the world’s most exciting business environment. Despite all of us traveling extensively, no one on our IBD team had ever been to the country. We were thrilled to navigate a new business landscape as part of such a unique program, all while exploring a country that we had heard so much about. Yet we were faced with a daunting project scope from our client, ElectroMech, in an industry we knew very little about – crane and material handling equipment manufacturing. Our scope was to broadly explore disruptive technologies and business opportunities that would allow the company to grow revenue 25x from $40 million to $1 billion in the next 10 years (sounds easy, doesn’t it?!). Not to mention, we were handicapped as our team lead could not travel with us. Despite these factors, we knew the ElectroMech team was eager to have our input and help us in any way possible – with their support we were ready to help the company grow!

First Week

Our trip to Pune from Berkeley was over 24 hours and involved many adjustments (new culture, different food, and habits, crazy

Day 1 – Our team visiting the factory floor to understand the production process

drivers and a 12-hour time difference from California), all while preparing for our day-of-arrival presentation. One would think that the first-week in-country would be rough, right? Well, while it certainly had its challenges, the overall experience was nothing short of amazing. Pune is a rapidly expanding city located about three hours by car from Mumbai. We quickly found it to be filled with very friendly and helpful people, great food and an ambitious and ready-to-work client. The first interaction with the ElectroMech team was our day-of-arrival presentation, in which we were able to meet many other leaders of the company, showing them our goals and explaining how important our interactions with them would be in order to achieve a successful project. The presentation was followed by a tour of the factory floor – quite helpful in understanding ElectroMech’s processes and organization – and by the kick-off of our internal meetings with members of the organization.

“Crane Score” – the number of cranes ElectroMech has built at this plant.

ElectroMech organized many meetings with their division heads and team members so we could develop a full understanding of where the company currently stood as well as the company’s strategy. Every interview – we spoke with sales, design, engineering, finance, innovation and others – was very helpful for us, in the sense of corroborating and invalidating parts of the hypothesis we had developed, identifying new opportunities and generating new ideas for our final presentation. We also interviewed local and multinational clients and partners of the company to support this process.

 

Second Week

A lot of work, but a lot of fun – that’s the best definition of our second week in Pune. After a sightseeing weekend in Mumbai and a

Our team with ElectroMech’s Board and the Managing Director’s family after our final presentation

few more meetings with customers and partners on Monday, it was then time to focus on our main assignment in India: a two-hour presentation to ElectroMech’s Board of Directors on Friday. The expectations from the company were very high, and we felt that we had quite the responsibility considering all the attention and support that we had received. We needed to deliver a great presentation and point to innovative solutions and opportunities for ElectroMech.

Our final presentation to the board on Friday, May 26th

The team worked very well together and, even though we had a few long nights researching and tirelessly editing PowerPoint slides, we all were happy with the intensive learning and growth we were experiencing. It was great to use insights discovered during our interviews to better explore and assess the technologies and potential new business models we were proposing for ElectroMech. For example, by interacting with ElectroMech clients we identified key core competencies that allowed the company to stand out from the competition, as well as what new technological core competencies needed from ElectroMech in order to increase productivity and reliability. After several meetings discussing the presentation, working through nine different versions of the slides and practicing the full presentation a few times – it was time to show the result of our work to ElectroMech’s management and the Board.

The final result was great! Our recommendations brought to life several discussions among the board members – just as we hoped it would – and the overall reaction was very positive. The hard work was definitely worth it, and we could finally relax and prepare for a great weekend in New Delhi and Agra… after all, it was about time we visited the Taj Mahal!

Johnny, Jose and Jeff at the Taj Mahal during the second weekend of the trip

Closing

Overall, the ElectroMech IBD project was an amazing experience for us. Not only in understanding more about India – that it is indeed a vibrant country with huge potential for further growth and development – but also the opportunity to work with ElectroMech was unique. We are getting back to Berkeley more prepared for our next professional steps, and certainly with lots of amazing stories to tell!

All Around the World; IBD Teams In-Country

Written by:  Danner Doud-Martin, Assistant Director, Operations for the IBD Program

When I introduced myself to the Full-Time MBAs on their first day of class for the Spring IBD program, I told them I wanted to either be the sixth member of their team or be stowed in their suitcases.  There wasn’t a team I didn’t want to join as all 16 were going to work with great clients, on impactful projects, and in amazing destinations.  Now that our IBD students are scattered all over the world and sending photos and updates from their first weeks in-country, I am of course envious, but also proud to be a part of a program like IBD.  I am living vicariously through our Haas students as they have experiences that perhaps will change their lives, or at least make these next three weeks incredibly exciting.   

Team YGA having breakfast on Bosphorus river

Team YGA having breakfast on Bosphorus river

Teams tell us that they have been welcomed by their clients and the other members of the organizations with warmth, appreciation, and support.  They have enjoyed delicious local cuisine, been invited to people’s homes and seen the local sites.  They have toured crane factories, hospitals, warehouses, and flower markets.  Teams have scrubbed up and witnessed eye surgeries in Peru, been included in their client’s internal pitch meetings in Shanghai, and invited to lunch by the Prime Minister of Uganda.  They have been featured on local Turkish television and have conducted 3-hour design workshops for university students in Uganda.   

Team Seva before going into to witness a surgery in Peru

Team Seva before going into to witness a surgery in Peru

Importantly, they have learned more about their client’s needs: “One interesting thing that we have realised in our first 2 days is how much more we know of the business and the internal politics behind our client by just being here; which is something not very clear when you are sitting that far away,” shared one Team Lead.  There is an opportunity now to “fill in our gaps in knowledge through the interviews, market visits, and retail store visits we have scheduled over the next several weeks. We look forward to the rest of the trip!” shared the Agripacific Team.  IBD Teams also feel more connection to the client’s objective and how important the project outcome is to their client.   “It is most exciting to be on the ground here and feel the immensity and importance of the work that our client does,”  shared Blakey Larson, IBD Team Lead for Civil Right Defenders.  IBD teams also see where and how they can add value.  Team Lead, Harsh Thusu said of his project, “we are most excited about helping the accelerator in this interesting journey as they are at a crucial stage of their operations and our recommendations could bring great value to them to tap into the US market with a sustainable business model.”

Team ElectroMech Team ElectroMech with crane

Team ElectroMech

On their first day in-country, IBD Teams gave a day-of-arrival presentation, updating their clients on their findings to date and outlining their 3-week work plan leading up to their final presentations.  Teams felt good about their presentations and expressed how “engaged their clients were.”  They appreciated the collaboration, feedback, and lively discussions.  Carolyn Chuong, Team Lead for Team Makerere said that their clients were “very enthusiastic and also helped us refine our Theory of Change for the Center and think through private sector needs.”

Client’s have already shared accolades about their Haas IBD team members.  Khamisi Masanje, from Makerere University, said:

“This team is exceptional. They are very innovative, articulate, friendly and professional. The team has the right blend of skills because everyone is so good at what he or she does while at the same time, everyone is working as a team. The testimony from our Makerere students, who attended today’s design workshop led by the IBD Team, were so amusing.  I like the natural blend they are having with our students, staff and the general population of Makerere.  We shall surely miss our Haas students when they leave”.

YGA’s Sezin AYDIN said of Team Lead Chelsea Harris’s performance at their press conference, “Chelsea has done a great job, you

Team Ananda

can see how clearly she conveyed her messages, in a calm yet positively energizing way.  We are very happy that we had a chance to offer this kind of experience to our team and very glad that we represented YGA & Berkeley and the mission we serve together in science center project the most beautiful way possible”.

My favorite compliment was from Makerere’s Charles Baguma who said, “I think we got a high-flying team from Berkeley”.  In my opinion, Mr. Baguma’s comment resonates with me because Team Makerere and all of the other 15 Full-Time IBD teams are exceptional.  Based on their photos and comments, all the teams feel they are flying high right now.  Is it because of the incredible opportunity to work internationally on a consulting project? Is it because of the impact that our students are making on the company and the region or the bonds that are being formed between team members as they share this incredible journey? Is it the beautiful places they are visiting and the culture that they are experiencing? It is all of the above and more!  

You can enjoy their adventures by friending us on Facebook at bit.ly/facebookibd.  Each week we will post a blog written by each IBD team highlighting their experiences, and our first one written by Team Makerere can be found here.   You can also subscribe to our blog by going to bit.ly/ibdblog.

This slideshow requires JavaScript.

Evening Weekend IBD Program Kicks Off

EWMBA IBD Students

While the Full-Time MBA (FTMBA) program is at the end of their engagement with IBD, 18 Evening and Weekend MBA (EWMBA) students kicked off their IBD experience on May 14th.  This is the 6th year that the course has been offered to EWMBA students and although the program is very similar to the FTMBA course, there is one significant difference: time.  The summer program has much less of it overall, as students only have seven weeks of instruction and two weeks in-country working with clients.  EWMBA Teams are also made up of 4-5 students and led by a Team Lead, who is a classmate but unlike the FTMBA Program, the EWMBA Team Leads don’t have the additional weeks to work with their client to build rapport and gather intel on their project before their Team Members join the project.  Instead, they have to jump right into the process and establish themselves as a lead of their project to their client and teammates.  When asked about his strategy for being a Team Lead at this point in the process, the Samai Distillery Team Lead, Sushant Barave said:

Team Aramis

“Although we are at a very early stage, I am realizing how amazingly competent our team is. In a way, this makes my job as a team lead quite easy! I hate to call it a ‘strategy’ because it really boils down to keeping things really simple at this stage – having open communication, a structured approach to understand and address client’s needs, and making sure that all of us are having fun in the process!”

This is a sentiment we hear often from Team Leads in both the FTMBA and EWMBA programs.  The Aramis Menswear Team Lead, Kalyan Pentapalli shared, “I have a very experienced team and sometimes it feels intimidating leading three third year students, but they have been gracious enough to let me set an example and lead.”

Lead, motivate, organize, delegate, and manage work streams is what our EWMBA Team Leads will do as they prepare to go in-country on July 1st.  It’s a quick turn-around and with full-time jobs and other obligations, it is a lot to manage.   “It has already been great working with the team, and we are getting familiar with each other’s working styles. Given our crazy schedules collectively as a group, we have also been open to calls ranging from 7 am to 11 pm – this goes to show the flexibility and commitment from the team members”, shares Barun Mazumdar, a member of the Aramis Team.

Many students come to Haas because of the opportunity IBD gives them.  The Team Lead for ACT,  Praveen Settipalli, was determined to take IBD before he graduated despite having a new baby and starting work at a startup.  He heard first-hand experiences about IBD from his classmates and he, like so many others, felt he could benefit from the opportunity to work on an international consulting project.  “As a product manager, IBD will help me renew my core-consulting skills of framing the problem, lead a diverse team to formulate the strategy and obtain resources for successful execution. Doing this in a different industry/culture with a team of amazing Haas MBAs will also teach me how to lead across diverse environments. Personally, the IBD structure would allow me to embrace uncertainty and openness and immerse myself in a new environment. I also hope to reflect on my current environment and leadership style while at the client location and come back not just with awesome solutions for the client but also unforgettable memories and experiences.”

Team Samai

Frank Schultz, the Instructor and Faculty Mentor for the EWMBA program is confident that his students will be able to balance all of their competing priorities to find personal and professional successes from their IBD experience.   “I have been teaching the EWMBA IBD program since inception and every year I appreciate how much my teams dedicate themselves to their client and projects to provide true ROI – despite their day jobs and their families.  I have no doubt that this year’s students will work very hard and like every year, they will enjoy getting a taste of consulting in a global setting.  They will undoubtedly come back from their two weeks in-country with new perspectives, tools, and confidence to try different approaches.”

Teams will travel all over the world this July.  Praveen’s team will work with a social enterprise that provides entrepreneurship training and mentorship to young Zimbabweans and Sushant is taking his team to Cambodia to work with a rum distillery start-up.  We have one team that will travel to Mexico to work with a consumer and corporate financial services company, and Kalyan’s team will work with a privately held 20-year old menswear retailer in Brazil.  We are confident that these EWMBA students will have unforgettable and invaluable experiences.

Team ACT