Bizworld’s Dragons Den

As part of the Social Outreach Club a total of eight members from the Smurfit FT MBA recently spent two days on nearby Carysfort National School running the Bizworld programme. A form of Dragons Den crash course in entrepreneurship for Primary Schools. Having recently pitched our own business ideas at the conclusion of our Entrepreneurship module this was an opportunity to sit on the other side of the fence and listen to pitches from young entrepreneurs.

whatsapp-image-2018-04-26-at-13-37-35

In February six of us had met with Bizworld CEO Fiona McKeon and had been hugely impressed with her enthusiasm and the Bizworld programme she briefly outlined to us. Fresh from recent international trips to the US, Singapore, Vietnam, Peru and Chile we met Fiona again in April for a quickfire training afternoon to prepare us for the programme.

Somewhat uneasy from Thom’s horror tales of teaching we approached the school with trepidation, would we face an audience more challenging than our management accounting presentations? Jayinth, Spilios and I headed for one 6th class as Anita and Thom disappeared towards the other group. Thankfully we need not have worried as the pupils were extremely enthusiastic and by the afternoon session were eagerly working away themselves on their business ideas.

img-20180429-wa0024

Jayinth and I took them through their tasks for the day with Spilios regaling them with stories of his own entrepreneurial experience.  Within each 6th class the students had been broken into groups of five prior to our arrival.  Each groups task over a day and a half was to brainstorm and come up with a business idea, assign company roles to everyone, develop a marketing plan and raise finance before finally pitching their business idea to the dragons. They would aim to secure as large an investment as possible while retaining as much control over their business as they could.  They were provided their own Bizworld currency to achieve this. As we neared the end of the first day ideas included a healthy eating app, light up blanket for reading, solar powered wifi, compression pyjamas, sunshine contact lenses and remote-controlled furniture.

img-20180426-wa0012

On Thursday morning we returned for some last-minute presentation preparation before the pitching stage. It was clear from the pre-pitch practice that many of the students had done considerable work since our first visit on Monday. As nerves (ours more then theirs) frayed the first group got ready to meet the dragons. Armed with instructions to take a tough approach they marched into the staff room to pitch.

While Deepti and Spilios played good Dragons, Dragon Osmond took a harsher line trying to take as much of the businesses as possible. Sadly, his skills from our Managing the Negotiation Process module were no match for these wily 11 and 12-year-old budding entrepreneurs. Dragon Himanshu managed to get a present of a slice of cake from the students although having attended a Business and Society module (which considered the role of ethics in business) he assured us this had no impact on his investment decision!

img-20180429-wa0002

Next the students got a chance to impress their peers as 5th class students entered the classroom to listen to the pitches. Not having personally witnessed the pitch to the Dragons it was great to see the final product after the two days of work from the students.  After some robust questioning the 5th class students had an opportunity to buy a share in a company of their choosing. With the presentations finished the students repaid their loans and counted their cash. Concluding the two days we were delighted to hear many of the students would now consider setting up their own business in the future.

img-20180429-wa0009

We were extremely impressed with not just the students business ideas but also their presentation skills many of which would not have looked out of place in the MBA. Perhaps we will see some of these future entrepreneurs on the Smurfit MBA in a few years’ time?

 Overall it was a hugely enjoyable two days and a lovely end to the second semester before we ready ourselves for upcoming exams. Thanks go to Fiona in Bizworld and also to Carysfort National School for giving us the opportunity to present to such enthusiastic students.

Ruary Martin, Full Time MBA 2017/18

 

Reliving the Danville Dream- MBA Rugby Team 2018

It all started with that initial presentation from Brendan ‘Mac Daddy’ Staunton in E101 in the Smurfit building. Followed by a wet and windy Friday night in Monkstown Rugby club where record numbers turned out for the first training session taking by Oisin ‘Crusher’ Farrell. It was the start of the long journey that would inevitably leads us to be crowned world Champions!

With numerous fundraisers and multiple emails sent to companies, the day was finally upon us, the 12th of April was the flight to Charlotte airport! After organising training facilities, two coaches (Tom ‘Nolo’ Nolan & Oisin ‘Crusher’ Farrell), flights, accommodation, insurance, jerseys, all 44 of us (men and women’s teams) were set to play in the 38th MBA Rugby World Cup in Dansville, Virginia. Smurfit have attended the tournament for the past 19 years and wanted to keep this tradition alive; winners on numerous occasions.

A key competitive advantage we had was the inclusion of one of our coaches on the trip ‘Nolo’, wise beyond his years, his knowledge played an important role in our success. This was clear when he turned players who have never played before into try scoring & tackling machines, having never made a tackle in his life before.

The tournament’s first game on Saturday saw us rise at the early hour of 7am to face Yale. The marker was well and truly laid down early with Cameron ‘No Hands’ Kenny landing a massive hit in the first phase of rugby. Slick hands and direct running allowed Gavin ‘I want to be a centre’ Bolger to finish under the posts for our first score of the competition. Neatly converted by the man who doesn’t miss Jack ‘I actually missed two easy kicks’ Duffy and our player of the tournament. The dominance was further shown by running in three tries before half time, and this also included Cameron ‘No Hands’ Kenny being rather easily stripped of the ball as he went to touch it down under the posts! Some say that it was inexcusable, and they would be right to say so! Fantastic performances from some men who have never played rugby before, Dermot ‘I love teeny bopper songs’ Murphy & Padraig ‘Podge’ Curry.

After witnessing the comfortable win over Yale, Columbia decided it would be best for their players welfare if they conceded; mostly since Patrick ‘I tackle like a train’ Hinkson put up some strong tackles against the Yale players. A set score of 35 nil was awarded to us!

Two from two and up next was SMU, with the lads ready to go after feeling robbed by not getting to play Columbia. Sean ‘I got some Sun’ Brew laying down early markers with running direct lines and clever off-loading allowed Matthew ‘I’m not warming up its roasting out’ Scaife to grab his first try of the competition. He also bagged one for himself. Tom ‘I’m the coach so I’m playing this game as captain’ Nolan togged out to allow some players rest. He missed a tackle! A special note to Brendan ‘Mac Daddy’ Staunton, who with the longest run up in history for a kick landed one from an extremely tight angle following our last try scored by Gav ‘I was robbed of top try scorer’ Bolger.

whatsapp-image-2018-04-25-at-14-13-31

The first day was coming to a close, bodies were sore and our toughest challenge LBS was up! Jack ‘I don’t miss’ Duffy landed an early 3 points to put Smurfit on the board. This was cancelled out by two penalties by the LBS out half. With tensions high, fatigue setting in and a disallowed try from Rob ’41 not out’ Becker, a much-needed piece of team brilliance allowed Gav ‘I sneak a lot of tries’ Bolger to finish well under the posts. With our backs against the wall LBS managed to sneak a last-minute try, which was converted, to finish winners on the day 13-10. That signalled the finish to the Saturday and the feeling of disappointment that we experienced after that game, we knew we weren’t going to allow it to happen again.

Following the disappointing end to the group stages on Saturday, the Men’s squad begrudgingly awoke at 6:45am on Sunday morning. Our Quarter-Final vs Columbia A kicked off at 9am, and, owing to the controversy experienced with Columbia the previous day, the lads were ready for action. There was a true sense of animosity to be felt on the pitch as the boys put in a clinical and physical performance against a team who, well let’s just say they should have stayed in bed that morning.

The Quarter-Final victory vs Columbia meant we were to play the old enemy, London Business School, in the Semi-Final, at 1pm. The loss to LBS late the previous evening had no impact on the confidence in the team, we were even more motivated to get the win. A piece of brilliance from Peter “I never eat carbs” Condon, displaying scintillating speed and strength to score under the LBS posts, as well as two well kicked penalties and a conversion from Jack “I don’t miss” Duffy, brought the score to 13-0 to Smurfit with 9 minutes to go on the clock. What was to happen in those last 9 minutes epitomised what UCD Michael Smurfit rugby was all about. Through blood, sweat and tears (tears from assistant coach Niall Connolly) and true heart and courage, Smurfit held out a 42 phase onslaught on their own try line to deny LBS any points, winning the match 13-0 and booking themselves a place in the Final. Special mention should go to Stephen MacCarthy who, after sustaining hyper-extension of every finger on his left hand, went back on to put in a serious defensive shift, only to be injured and ruled out of playing in the remainder of the tournament.

A shock result in the other Semi-Final between tournament favourites, Ivey and Wharton, meant Smurfit would face Wharton in the Cup Final. We knew how physical Wharton were going to be, considering the sheer size of their forward pack and how dominant they were against Ivey. Even though we were the smaller side physically, our intelligent and unparalleled defensive effort, including a vital turnover on the brink of the half-time whistle from Ronan “Factor 50 please” McDonagh, meant we led 3-0 at the break. The lads were visibly shattered, and who could blame them, they had accumulated 200 minutes of game time in 28 degree heat! In moments such as these, however, true leaders come to the fore to galvanise a team, to push them that small bit further. In this case, Peter “Jazz Hands” Condon delivered a half-time team talk Al Pacino could only have dreamed of delivering. The message was clear: ‘20 minutes, of everything you have left, and that cup, that piece of silverware we’ve worked all season for, is ours.’

In the final 20 minutes of the tour, the lads displayed some of the best rugby I certainly have ever had the pleasure of witnessing, and showed why they were deserving champions. Second half tries from Rory “Go on Blackrock!” Doyle, Dermot “Wheels” Murphy and Hubert “One Can Wonder” Gallagher, as well as two penalties from reliable Duffer and only what one can describe as the most spectacular conversion kick from Brendan “Mac Daddy” Staunton, which, may or may not have been, in front of the posts.

Special mention must go to the man of the match of the final, Eddie “The Langer” Beechinor, whom, with a serious ankle injury sustained in the quarter-final, put in a performance fellow Munster man, Paul O’Connell, would have been proud of. This dedication from Eddie epitomised the character of not only the Cork man, but the character and determination of each and every member of the squad.

It truly was an honour and privilege coaching this great bunch of lads. I have made some great friends and have amazing memories of what was a spectacularly unforgettable trip. This really was a squad effort, all 34 playing members contributed in spades and it is an achievement they should be immensely proud of.

To sign off, I would like to say a few words about my superb assistant coaches, without whom, none of this would have been possible. Firstly, to Oisin “Crusher” Farrell. Oisin was with us from day one and looked after the forwards for the season. Unfortunately, due to work commitments, Crusher could not travel with us but I know the lads will join with me in extending our deepest gratitude to a man who deserves as much plaudits as anyone for this successful tour. Secondly, to Niall “Limpy” Connolly, a massive thank you for stepping in last minute for Crusher, who couldn’t play himself due to a broken ankle. To be able to bounce ideas off and gather advice from such an intelligent rugby mind is invaluable for a Head Coach, and I will be forever grateful to Niall for his help over the weekend.

Until next year,

whatsapp-image-2018-04-27-at-20-01-06

Coach Tom “Nolo” Nolan, B.Sc. Sports and Exercise Management, and Assistant Coach Niall “Limpy’ Connolly, M.Sc. Management

Saturday Group Stages Sunday Knock-out Stages
Yale- 57-0 W

Columbia B- 35-0 W

SMU- 38-0 W

LBS A- 10-13 L

QF- Columbia A-24-0 W

SF-LBS A- 13-0 W

Final- Wharton 25-0 W

 

It isn’t often that you get to represent your Country in a World Cup

On the 12th April we travelled to Danville, Virginia to represent UCD Michael Smurfit Business School as the only Irish University competing in the MBA Rugby World Cup. A group of 44 MBA and MSc. students left Dublin, having trained every Friday night since September, the men’s team playing contact rugby and the women playing touch rugby.

Great team work, coaching, organisation and planning, brought us together as two competitive teams and one complete unit proud to represent Smurfit against the best universities in the world. Even better when you can bring home the silverware; the men’s team brought home the world cup, while the women’s team came third.

The women’s team of nine, were tasked in September with learning touch rugby from scratch. Combined with the team’s determination and motivation and our coach Dave Condon’s endless patience and encouragement we found ourselves in Danville.

whatsapp-image-2018-04-17-at-01-40-11

Training on Friday afternoon in Danville was our first taste of the heat and sunshine; it was going to be a hot weekend ahead. Friday night we got our briefing; three games on Saturday and four games on Sunday through a round robin competition; each game lasting 20 minutes….…or so we thought. Our first win on Saturday morning settled the nerves and helped to solidify team work. The second game was tougher, ending in a draw. To our dismay, we realised that no game could end in a draw, so we went to extra time with a twist – every second play each team dropped a player, until only three players remained per team and a winning try was scored. After 20 gruelling additional minutes, our determination and team commitment shone through when we scored the winning try to take all the points from our second game.  Our third game of the day was the toughest yet. We were up against the largest squad in the competition and unfortunately, injuries and fatigue took their toll. Although we fought hard, we lost our first match of the competition.

whatsapp-image-2018-04-17-at-01-40-111

As day two began, our bodies were sore and with 50% of the team carrying injuries we dug deep to win our first match. We were given a walkover for our second game, which gave us some well-earned time to rest up before two games back to back to finish the tournament. Our third game was the toughest of the day, especially with exhaustion and injuries starting to take over. It was our second loss of the tournament. The last game was beginning to feel like mission impossible – we were down to three fully fit players and six walking wounded. At this point it was our team spirit that carried us through to motivate each other to finish the last game on a high. After surviving 20 minutes with virtually no substitutions, the game ended in a draw. This meant we went into our second drop off in as many days. Team work was key and I have never seen commitment and resilience like it; everyone was exhausted and carrying injuries, but we wanted to end with a win. Sheer willpower, fitness and relentless determination brought us the winning try to end the match after 25 additional minutes and absolutely nothing left in the tank.

The women’s competition was fierce and was fought hard; thanks to Wharton, Ivey, Yale/Cornell, Columbia and congratulations to London Business School on their win.

Overall an absolutely brilliant experience that we will never forget, and we couldn’t ask for a better group of people to share it with.

whatsapp-image-2018-04-15-at-21-29-27

Lyn Markey EMBA Mid-Week and Lucy Mac Auley MBA Full Time 2017/18

Rosheen McGuckian Presentation: “Changing NTR Through Adversity”

I have earned my MBA one month after the start of the first semester. No really, I have… In my mind at least!

The “masterclass” delivered by Rosheen McGuckian, CEO of NTR, was all eight modules rolled into one. (Ok, an MBA requires you to do more than 8 modules, but what do I know, this is only my first semester!) She was all eight modules compacted into a single glass, drank up in one gulp that delivered an immediate kick to the centre of my brain. It was corporate governance, strategy, financial reporting, business ethics and more wrapped up in one honest, authentic, thought-provoking one-hour session.

In those 60 minutes, a good number of case studies and countless class hours came together in my mind like numerous puzzle pieces joining into one big picture as she recounted her business management journey.  How what started as a seemingly great strategy, gave way to a very difficult ride. Then dealing with the opposition that arose from that. The passage to adaptation, the investment in change, making hard decisions, the place for personal reflection and ultimately, turnaround and business success.  I was surprised, incensed, inspired, provoked, appeased, disappointed, hopeful, fearful and educated. She muddied my mind and then offered clarity and wisdom in such a simple, practical and real way. She was nothing short of everything and anything that the real business world is.

I took this MBA course because I am looking to enter the competitive business world and Rosheen McGuckian was my MBA experience personified. So indeed, after meeting her, I do feel like I earned my MBA. In the very least, a good part of it! I simply cannot wait to see which speaker I get to engage with next.

rmcg-photo-the-one-to-use

Elizabeth Kiathe, Full Time MBA 2017-2018

Wind Downs and Tee Offs – The MBA Golf Society Classic

After a busy final semester, full of long days invested in the MBA Capstone project, the MBA Golf Society Classic had arrived. Once again the stunning K Club in County Kildare – home of the 2006 Ryder Cup – played host to the annual event. This year’s chosen charities were the UCD Ad Astra Academy and CRY (Cardiac Risk in the Young).

Teams arrived to the clubhouse early to prep their gear, take in the scenes and get some vital practice on the range. Attire was varied – just like the golfing abilities! From the man-in-black Cadwell to Mr “Del Monte” Hope donning police sunglasses and a quintessential panama hat. Regardless, rumour had got around that this year’s prizes were worth leaving it all on the course, and focus was on the golf and not the outfits. Competition was on!

Father and son duo Padraig and Cameron Kenny were up first. Broad-shouldered Kenny Jr, an integral part of the Smurfit MBA Rugby World Cup Team back in April, was pipped as the favorite to win the Business Performance Perspectives Longest Drive on Hole 7. He wasted no time smashing his first up Fairway 1 against a strong wind.

Next up, the team led by Chairman of the MBA Rugby Team, Cathal Murphy, with fellow Full Time MBAs Conor Hurley and Traolach “Tray” O’Connor. Also joining them was Chris Cadwell a welcome guest best known for strength training the Smurfit MBA Rugby Team at The Edge in Clontarf. A solid all-round team that knew they had a strong chance of taking home the prizes.

Finally, a mixed team of Full Time MBA students Ciaran Hope and Colin Dunne, Part Time MBA Ciarán O’Shea and MBA alum Mark Good. Paddy Power wasn’t sure what odds to give this group after their wild range practice. There was plenty of experience in the team though with O’Shea a well seasoned MBA Golf Society member and Hope an Irishman with a distinguished Los Angeles golfing career. Hope apparently took up golf so he could rub shoulders with LA’s rich and famous – unfortunately his stories of LA golf will have to be left on the K Club’s fairways. Mark Good, no stranger to an MBA Golf society outing, was striking his irons well on the range and looked like a contender for the NxtGEN Executive Training Closest to the Pin on Hole 17. Dunne started strong in this group leading the round with a par. However, it looked like his team-mates had left all the steam on the range and couldn’t match his three stable-ford points.

The wind persisted throughout the front 9 with Good convinced every hole was against it. This may, however, have been something to do with the zig zag route he took up a few fairways. The wind didn’t stop the sun shining with O’Shea making sure he was topped up with sunscreen while explaining that the Swallow Quarry rock and water feature on the 7th hole had been artificially constructed at a substantial cost. The Civil Engineers among us found it hard to believe but agreed that anything is possible with enough capital.

As suspected, Cameron Kenny hit big off the 7th to land himself the prize for the Business Performance Perspectives Longest Drive. Sharp shooter Mark Good heard that the prize for the NxtGEN Executive Training Closest to the Pin was 12 golf balls and so decided that he was going to take this on to replenish his stock, having lost a few to his wild drives. Sure enough, with a smooth 7 iron, he was the only player to hit the green and landed the ball just 17 feet from the pin to take home the prize.

Following the discussions about the rock features, there were a few attempts to check whether the water features were real; confirmed by the splashes, with the Swallow Quarry swallowing up many a golf ball. Murphy laid up on the 18th fairway to chip over the water onto the green. His chip on was perfectly in line with the pin and the palatial clubhouse in the backdrop. Unfortunately Murphy had under-clubbed marginally and the splash short of the green crushed his hopes for par. The 18th was good to the other teams though. Kenny Jr managed to hit a 240-yard shot over land and water with a strong cross to find the green and set him up for par. O’Shea chipped from off the green with precision aim and weight in front of a captive audience on the clubhouse veranda to see it roll slowly in from distance for par.

With not much between the scores the winning team of Murphy, O’Conor, Hurley and Cadwell took away the main prizes. Dunne, Good, Hope and O’Shea weren’t disappointed to take 2nd place after such an enjoyable round, while Team Kenny was still in shock after Kenny Jr’s 240-yard diamond.

golf-classic-august-2017

The Winning Team (L-R Chris Cadwell, Conor Hurley, Traolach O’Conor and Cathal Murphy)

An extremely enjoyable round of golf in a beautiful setting with some great company. Soon we’ll be handing over the reigns of MBA Golf Society to next year’s MBA Class and I’m already looking forward to playing a few of their outings.

Colin Dunne, Full Time MBA & Golf Society Captain 2016-2017

With sincere thanks to the following:

Business Performance Perspectives

http://www.pamelafay.ie/

 

NxtGEN Executive Training

http://nxtgen.ie/

 

The Edge Clontarf

http://www.theedgeclontarf.com/

Golf in Historic Surroundings – A Day in the Luscious Parklands of Luttrellstown Castle

 

Difficulties are just things to overcome, after all.

Superhuman effort isn’t worth a damn unless it achieves results. 

Sir Ernest Shackleton

Just ahead of our recent exams and final assignments, we set out for a day’s leisure in the peaceful and historic surrounds of Luttrellstown Castle. While the golf was at best mediocre, we were fortunate to get some fine weather for the day and had the opportunity to catch up with classmates at the “19th hole” to reflect on our endeavours over the course of the MBA programme.

MBA Luttrellstown - 3 Golfers

Many esteemed graduates note that doing an MBA is like “going on a journey” and the mediocre standard of golf on the day ensured that we got to see more of the tracks and trails that Luttrellstown has to offer than most regular golfers. In conjunction with the challenges posed by the variety of elements of our MBA programme, the championship course we played also provided many obstacles with a lot of water features to be overcome among other challenging features.

The MBA Golf Society will hold its main event of the year in the splendorous surrounds of the K Club on Saturday, July 1st. The day will be held in aid of the UCD Ad Astra Scholarships/UCD Foundation and Cardiac Risk in the Young. Details of how to enter are on Eventbrite at:

https://www.eventbrite.ie/e/ucd-smurfit-mba-golf-society-classic-tickets-34792133207?utm-medium=discovery&utm-campaign=social&utm-content=attendeeshare&aff=escb&utm-source=cp&utm-term=listing

Ciarán O’Shea,

Executive MBA.

The Entrepreneurship Club

innovate

One could argue that the main draw each Wednesday evening was the fine canapes and wine; but with over 1400 man hours of discussions and learning about entrepreneurship that were enabled this semester, the bait wasn’t really needed but was much appreciated.

The opportunity to get a first-hand interpretation of experiences from industry stalwarts, serial entrepreneurs, venture capitalists, business gurus and a class of peers with a common hunger to solve a problem, any problem, has been truly beneficial.

The UCD Entrepreneurship Series, brought to fruition by The UCD College of Business and The Smurfit MBA Entrepreneurship Club, has been a successful collaboration under the stewardship of the Entrepreneur in Residence Majella Murphy and the MBA students. The legacy of which we hope continues into the future.

This year we saw the journey of UCD alumni, as they tackled the highs and lows of setting up their own establishments and heard their account of navigating the often-misunderstood entrepreneurial landscape. From idea generation, problem resolution to monetization, the forum has not only dealt with the necessary guidelines and tools but also efficaciously highlighted the bravado of the human spirit.

Two of the events gained substantial fame, the first was the visit of Patrick McGuinness and the latter comprised of a panel of Venture capitalists. Not surprisingly though, since two of the greatest fears before pursuing down this route seem to be the risk and raising finance. Patrick, the man behind the phrase FOMO or Fear of Missing Out, spoke of transitioning into entrepreneurship through a 10% approach (time, energy and funds) while the Venture Capital event dismissed several urban legends that we all perceived existed in the game.

Some of us came into the MBA with entrepreneurship experience and others came in with entrepreneurial ambitions, but rest assured most of us now have the aspiration to pursue our own path someday soon.

Entrepreneur. Chart with keywords and icons
Entrepreneur. Chart with keywords and icons

Schedule of events

From UCD Smurfit to Startup CEO

Journeys from UCD Smurfit to Startup CEOs.

  • Lukas Decker (Coindrum)
  • Ronan Byrne (Clearsight Innovations)
  • Stephen Quinn (Jobbio)

Their personal journey, the hows and whys, the choices and sacrifices, the highs and lows.

Inside the Incubator @ GEC

Insight into the Guinness Enterprise Centre, their offerings, introduction to current start-ups residing there and the opportunities to get involved.

Social Enterprise Scaling – CoderDojo

Bill Liao, CoderDojo’s first angel investor, as he recounts the story of the rapid global growth of their movement.

Unspoken Lessons from Failure

“It is fine to celebrate success, but it is more important to heed the lessons of failure”.

The 10% Entrepreneur

Choosing between the stability of a traditional career and the freedom of entrepreneurship?

Inspiring Creativity & Innovation @ Google

How does Google manage to generate, create, innovate and launch new products and services in an endless flow?

The Best Source of Funding Depends on…

“The best source of funding depends on where the company is at in their journey, what their needs are and the terms on the table for any particular deal.”

Hear three of Ireland’s leading and most respected Venture Capitalists and Advisors:

  • Brian Caulfield
  • John O’Sullivan
  • Michael Culligan

Joined by two entrepreneurs:

  • Neal O’Gorman (Artomatix)
  • Myles Murray (PMD Solutions)

Innovation – Accenture-style

With the launch of their Centre for Innovation, “The Dock”, hot off the press, what is Accenture’s strategy and structure around Innovation and what role does The Dock play in that?

Join Eva Maguire, designer of the internal innovation ecosystem at The Dock, to find out how they plan to make it work! 

Social Entrepreneurship: A Serious Consideration

Have you ever considered that a social enterprise may not be much different from a commercial one?

  • Emma Walshe (COO Foodcloud)
  • Kate Dobbyn (MD Seachange Foundation)
  • Sinead McCool (Enactus Ireland)
  • Gain insight into what pursuing a social enterprise entails.

Real examples of what it takes to be successful, the challenges, the supports available and how sustainability can be achieved.

BREXIT: Opportunity or Threat for Irish Entrepreneurs?

“Turning the challenge of Brexit into an opportunity: How are entrepreneurs and their representative bodies preparing for Brexit?”

A stellar panel of entrepreneurs and senior representatives from government bodies for an insightful discussion on the impact Brexit, how and what contingencies have been developed, and what the government and the entrepreneurial representative and support bodies are doing to assist with the impact it will have on the entrepreneurial community in Ireland

  • Donal Hayes, Director, Tipperary Cheese
  • Paul Byrne, CEO, Currency Fair
  • Eamonn Molloy, Assistant Secretary, Britain & NI Affairs Section, Department of the Taoiseach
  • John McGrane, Director General, British Irish Chamber of Commerce
  • Leo McAdams, Divisional Manager, Financial Services & BPO, Enterprise Ireland

To find out more about the Smurfit MBA and various MBA Clubs, click here.

Road to the World Cup

 1

How many people get the opportunity to play in a World Cup? Not many. How many people would like the opportunity to play in a World Cup? Everybody you would imagine? Surprisingly that is not the case. Apparently many are only interested if it’s an all-expenses paid free ride.

This year we were much later getting started than the groups of other years. This was probably due to each of us waiting for someone more experienced than ourselves to take charge. Eventually, fearing that it would not go ahead at all I decided to have a go at getting it started. This was quite successful, 9 likeminded MBA students attended the first meeting with the collective goal of getting to Duke. We formed a committee and ran through a basic outline of tasks that were critical to success. These were focused on two main streams: fundraising and training. We knew we needed MSc students for not only numbers but also for skills. We quickly held meetings with those interested to get them on board.

As January drew to a close we were acutely aware of the need to get training immediately. This presented two main challenges. The first was finding an experienced coach to train us and the second was finding a rugby pitch to train on. We interviewed Warren Gatland but he said he was too busy preparing for the Lions tour and Joe Schmidt said he was fully committed to Ireland setup. Luckily we secured the services of David Mannion (Current Monkstown & Ex Leinster Juniors Coach). Securing a pitch was more difficult. Unfortunately we were told categorically by the IRFU that the Aviva was off limits until the summer and the GAA told us no more rugby would be played in Croke Park unless the World Cup 2023 bid was successful. We looked closer to home. We were denied a spot in Belfield due to the high volume of activity on the pitches including believe it or not American Football. Fortunately, through our coach we secured the use of Monkstown’s ground for training.

16265673_1396863657012343_2343878342206895622_n

Obviously sending a team to the U.S. is not cheap. There is the cost of flights, accommodation, transfers, insurance, tournament entry, jerseys, medical equipment, food amongst other things. Fundraising is key to the success of it all. The earlier you start, the easier it will be. It’s certainly not an easy task. Begging people, even Alumni, for money is a challenge in itself. It’s even harder when they say no. Although you are asking on behalf of the college it is still quite difficult not to take the rejection personally. Nevertheless, you must pick yourself up and ask again. We are hugely grateful to all of our sponsors, particularly Sinnotts Bar for being our main sponsor, they backed us early when finances were looking bleak. Without them we would almost certainly not be going.

We also held a table quiz. We hit up our family, friends and classmates to dig deep into their pockets and back us financially. The response was overwhelmingly brilliant. People came in their droves and the venue was packed to the rafters. It’s great to see that those who know us believe in us.

We made it crystal clear from the beginning that players would need to cover their own flights. Although this was not the ideal situation, it was useful for separating out those who were serious about competing and those who were just looking for a free ride. This was tested further when it came to paying for the flights where more people dropped out. Thankfully we had a core group that believed in one another and in our ability to get this off the ground and they all committed their money. I believe the group is stronger because of this and we know that those who have committed are serious.

With less than a week remaining until the tournament, now our focus is on player management, specifically how we will need to be smart to try and avoid injuries and keep our composure whilst playing numerous games in the heat. Hopefully the next blog I write will be telling positive tales of the tournament. A ferocious amount of work has been done by everybody to get us this far. Please wish both teams (men’s and women’s) well.

Cathal Murphy ~ Full-Time MBA

F.O.M.O

MissingOutImg_1-900x578
F.O.M.O – Fear of Missing Out – Anxiety that an exciting or interesting event may currently be happening elsewhere

I’m not sure whether it’s something that I developed while living in London, where there is always a reason to be out, or something that was always in me, and has in fact developed me. Regardless, it is making this chapter a little hectic.

I have just returned to Dublin to do the MBA in Smurfit, after six years working in the UK. A lot of thought went into my choice of school having offers in both London and Dublin. Smurfit’s highly regarded name, a part scholarship and the option to move back in with the folks, made the potential return to my MBA investment in Smurfit stand out a mile.

Was it the right decision? Definitely. The last six weeks has been a whirlwind, but an extremely interesting, engaging and thought provoking whirlwind. The quality of the lectures, as a result of combining high caliber students with world-class faculty and teaching methods, makes you really want to be there. FOMO rating (1-5) on missing lectures, 4.

Golf, Rugby, Entrepreneurship, Thought Leadership, just a handful of societies to get involved in. As newly appointed Chairman of the Golf Society, which I got by default from being the only new MBA to attend the final outing of last year’s society, I am now tasked with organising a calendar of events for the year. On Thursday night, my Competitive Strategy study plan was hi-jacked by an Entrepreneurship event, which I must admit was well worth attending. FOMO rating on missing Society events, 4.

This coming Monday, Global Network Week (GNW) commences. The GNW program is an initiative of the Global Network for Advanced Management (GNAM) and is designed to provide students from participating GNAM schools with a rich foreign immersion experience. You have the opportunity to travel to schools abroad, including Yale, or staying in Dublin, where the theme of the week is “The Three Pillars of Innovation in Ireland Technology, Food and Culture”. The aim of the week in Dublin is to “drive innovation and create value by connecting leading global business schools, their resources and their stakeholders. Initially I wasn’t going to take part in GNW because I didn’t want to travel abroad, and if I chose the week in Dublin I would have to drop one my three electives in semester two Executive Decision Making, Strategy Execution and Entrepreneurship) each one of which I really wanted to do. Roll on Week 4 and with the GNW buzz is in the air, FOMO creeps in. The thought of an amazing GNW week in full flow right on my doorstep, while I procrastinate about studying financial reporting for the mid-November exam, got the better of me. FOMO rating on missing GNW week, 5. FOMO rating on dropping a module, 5. Answer, do it all. You can see where this year is going.

I think I can speak for the class when I say we are up to our eyes. My mother thinks that ‘they’ are giving us too much ‘overtime’, as she probably spoke to me more when I lived in London than she does now, when we share the same roof. However, I have explained to my folk, it is all great, I’m enjoying the overtime, and everybody wants to be there. My only challenge is ranking things accurately on the FOMO scale, so I don’t get my prioritisation wrong.

Colin Dunne ~ Full-Time MBA

A Day in the K Club with Special Olympians

The UCD Smurfit MBA Golf Society Classic

IMG-20160629-WA0009

On Friday June 24th last, the UCD Smurfit MBA Golf Society held its latest event – the summer golf classic in the fabulous environs of the K Club in County Kildare, owned by the name sponsor of our school, Dr. Michael W.J. Smurfit.

We were joined on the day by current students, alumni and supporters of UCD. Also, as special guests, we had two Special Olympians and staff from the Special Olympics Ireland who took part in the day’s golf event.

The course proved challenging and up to its mark as a championship course. With scoring conditions tough, many participants found the scramble format somewhat of a relief and this hopefully added to their enjoying the day.

IMG-20160629-WA0003

A good selection of prizes were arranged by the committee with first prize being a fourball back to the K Club. This was won by the Special Olympics team and well deserved to say the least. An alumni team took second prize which consisted of a set of Cleveland wedges and Titleist golf umbrellas for third place was taken by current students. A number of top raffle prizes were also donated and given to the various winners.

The staff at the K Club ensured we had an enjoyable day despite some rain early in the proceedings and even arranged for local swans to greet golfers as they made their way along the course. We would like to thank The Smurfit MBA office for providing a budget for our event and our hole sponsors for the day – Business Change Management, Business Performance Perspectives, Geith International Limited, NxtGen, The Ash Tree Bar and Philip Lee. With their help and everyone else who attended we raised €1,705 which will be donated to the Special Olympics Ireland.

IMAG0848

As is obligatory, the 19th hole was visited after the rounds were completed followed by dinner and prize-giving in the K Club Palmer Clubhouse. An eventful bus journey then returned us to the Smurfit School where further reflection on the standard of our golf was discussed in Flash Harry’s of Blackrock.

It’s hard to find a better way to spend a summer’s day than on the golf course followed by a meal among friends and of course doing it all for a worthy cause.

Ciaran O’Shea ~ Executive MBA