Shark Tank Success, Security, and More – Los Angeles News
Check out some of the latest news coming out of business schools in the Los Angeles metro this week.
The Founders of a ‘Shark Tank’ Success Relied on a Key Piece of Business School Advice – Business Insider
Hanna and Mark Lim, husband and wife entrepreneurs, recall the crucial role the UCLA Anderson School of Management played in the $100,000 investment their company was awarded on the hit TV show Shark Tank.
In 2012, Hanna and Mark presented a pitch for their startup company, Lollacup, which produced safe sippy cups for children. Going into the pitch stricken with fear, Mark reminded Hanna of an important piece of advice he had received during his business school education. While at UCLA Anderson, Mark had already gained experience in pitching business plan. During school, he and his classmates would often pitch ideas not just for professors but for professional venture capitalists. Throughout all this, he learned to not be overwhelmed by the celebrity of the investors but to instead treat them as equals.
“We’re here pitching to investors who are essentially our equals,” Mark told Hanna before their Shark Tank pitch began. “We’re not here for a handout; we’re not here to beg. This is an investment. We’re potentially handing over part of our company that we’ve built.”
The advice payed off, with both Mark Cuban and Robert Herjavec deciding to invest $100,000 for 40 percent of the company. What began as Lollacup has since re-branded as Lollaland, which provides a range of products for infants and toddlers, and recently passed $2 million in sales.
You can read more about the Lims and their experience on ‘Shark Tank’ over at Business Insider.
Neel Patel Won the $3,000 HIMSS Scholarship – Cal State LA CBE News Archive
Neel Patel, a MBA/MSHCM at the California State, Los Angeles College of Business and Economics, was recently awarded with a $3,000 scholarship from the Health Information Management Systems Society (HIMSS). HIMSS, a premier organization for professionals in the healthcare information management field, presented Patel with the award earlier this summer, making him the second student in Cal State LA history to receive the distinction. Patel has left his mark on the university before, however, as part of the winning team in this year’s Western Regional Healthcare Executives College Bowl Case Study Competition.
Patel connected with the HIMSS through Thao Tran, Chair of Academic Alliance Community for HIMSS, who was brought in as a guest speaker for one of Patel’s classes. Tran has been a crucial part of the connection between CBE and the HIMSS, helping introduce students to the organization and its benefits since 2011.
Read more about Health Information Management at CBE and the HIMSS here.
In Network Security, “The Bad Guys are Always Ahead” – USC Marshall Newsroom
Richard Drobnick, Director of the IBEAR MBA program at USC’s Marshall School of Business, recently interviewed Global CTO of NTT Security Kazu Yozawa for the USC Marshall Business Class podcast. During the interview, Yozawa maintains a positive view of the future of network security but warns vigilance. From young forgers to state sponsored hacking, the threats against network security may be greater now than ever.
Global CTO of NTT Security Kazu Yozawa / Photo via marshall.usc.edu
According to Yozawa, “only a few executives understand the situation,” making education surrounding security and how computer networks operate will be crucial going forward.
You can listen to the full interview here.
Top Finance MBAs in Los Angeles
The finance industry has always gone hand in hand in the MBA. Even as MBAs are becoming increasingly popular in other industries, finance is still the biggest MBA job sector and accounts for 22 percent of all MBA jobs, according to the 2014/15 QS TopMBA.com ‘Jobs and Salary Trends Report‘. Continue reading…
Cal. State LA Holds Info Session
The College of Business and Economics at Cal State LA is offering an information session for its MBA programs. The event will be held Dec. 18, 2014 from 5 p.m. to 6 p.m. It will be held at the student services center at the Cal State LA campus.
The Master of Business Administration program is designed to develop general managers capable of working in an increasingly multicultural and global environment. Key elements of the program include: integrated modules that cross functional disciplines, a common cohort experience, teamwork among both faculty and students, focus on global business awareness and a participative, student-centered learning environment.
Cal State LA Alum Assoc Scholarships Available
Cal State L.A. Undergraduate and Graduate Alumni Association Scholarships are now available for the 2014 – 2015 year. The Alumni Association will award undergraduate and graduate student scholarships in the amount of $1,000 per student. Applications can be found on the Association’s website.
The applications must be submitted by November 13, 2014 to the Alumni Center by 5:00 p.m. The scholarships will be awarded on February 17, 2015. The support of members, alumni and friends of the Alumni Association make alumni Scholarships possible. The Alumni Association General Scholarship Fund accepts donations in any amount. For 2014-2015, the Association in the amount of $1,000 will distribute scholarships for both undergraduate and graduate students.
Lehigh Program Has First Year Success
The Philip Rauch Center for Business Communications (RCBC) Professional Development Program at the College of Business and Economics at Lehigh University had great success in its inaugural academic year. The program is designed to help prepare students to communicate effectively, interact professionally, and develop leadership skills for today’s challenging business environment.
RCBC Professional Development Program prepares students to communicate effectively, interact professionally with both internal and external audience, and develop leadership skills for today’s challenging global business environment.
