JIBS Stories

Entreprenörsjakten – An Entrepreneurs Dream

17 May 2009 | Posted By: fridacwallin

Hello everyone,

My name is Frida Wallin, a first year IM (International Management) student at JIBS. The 15th of may I participated in a talent hunt for entrepreneurs in Gothenburg called Entreprenörsjakten. It’s a dream for the entrepreneurs who want to get a good network.

Here is what I did!

We were 50 students from different parts of Sweden, all competing for an unknown price. In teams of five we were running around in Gothenburg, solving different tasks within entrepreneurship.

The first assignment for my team, sponsored my Business Region Göteborg, was to answer five different questions for a jury. We had to do presentations individually for three different judges. What we didn’t know before was that the jury were supposed to be mean and cut us by the legs with complains, just to see our reactions. I don’t like when people  criticize me, so I was shocked over the things they said.  One unexpected comment was ” Are you nervous, because it looks like you are”. I must say that I was quite surprised to hear that though I feel very comfortable doing presentations.

The second mission was an interview at Arkaden with Svenskt Näringsliv. On the show we were successful entrepreneurs with a fast growing company. Even this task was individually.  The most excitement about this task was that the interview made was being recorded by a video camera. Cool I thought when I sat down in front of the camera, looking at the interviewers with a confident grin on my face.  The hostesses asked questions regarding Swedish politics and the regulations. OHH crap I thought in the beginning, but I know I’m pretty good convincing people that I am right, and that I know best.  Team 2 felt happy and satisfied with the individual presentation, and we went happy to the next case…  (What we heard afterwards, this station wasn’t included in the competition, and therefore didn’t give us any points)

The Swedish Tax Agency

And don’t we all sole traders looooove the tax agency? Haha… I let that be unspoken… Anyway, we met a few people from the staff, who gave us the instructions of the case.  We were supposed to help the tax agency with a homepage to make it easier for the Swedes to find what they’re looking for, kind of..

We came up with a good idea to have a virtual fair, as well as speed dating on the website (Don’t get me wrong when I say dating. I mean that company’s can chat with each other). After we held our presentation for the jury at this station it was time for lunch where the press were waiting, as well as a few well recognized faces from JIBS. Awesome, I’m kind of famous now ;)

After the lunch break we had a sales competition at the head quarter in Arkaden. Our mission was to sell 5 items, and try to get as much money as possible, in 25 minutes. We had 1 pair of shoes (Value ca. 200), 1 bracelet (value ca. 2 kr), 1 banana shell and at last 2 unknown packages. All the money we got was given to Queen Silvia’s child hospital. I had the responsibility to sell the bracelet, and I was the second one out. Marthin was the first one out in our team, and he sold one of the unknown packages for 500 sek. I sold the bracelet for 140 sek, while our third person sold the shoes for 120 sek. After that the time was out. I think this was the most fun during the whole day. =)

At two o’clock we went out on the streets in Gothenburg again, making our way to the forth mission. This stop was in Gothia Towers, at Västsvenska Industri- and Handelskammaren, were we stood before some hard decisions regarding personal strategy. We got disturbed all the times by actors, and we had to handle all the situations in one way or another.

The final stop, our last station was at a marketing office, Star Communication. We had to come up with a marketing strategy for the nonprofit organization “Hjälpande Händer” (Helping Hands), and the aim was to make “Hjälpande hander” the first choice for the inhabitants in Gothenburg when they want to help someone else. I must say that we messed up completely at this station, and I was so disappointed afterwards. But it is pointless to feel bad for a long time, because it’s already too late to change what you did.

We went back to the hotel and made us ready for the dinner, which was held at a beautiful place. When we came there, they had a photographer and a red carpet. I felt like a moviestar which was pretty awesome. We listened to live music, voted for Fröken Sverige (Miss Sweden), enjoyed good food and company. The price and the winners was also announced, and I was quite disappointed that we didn’t won, but I had a great time anyway. And I got a lot of new friends and contacts in the business world.

Now I’m waiting for my next adventure, Emax Nordic, an entrepreneurial week for young entrepreneurs from Sweden, Norway, Denmark and Finland. But before that, it’s time to dive into my books again and write good results on the exams.

If you want to read more about Entreprenörsjakten you should visit www.entreprenorsjakten.se (in Swedish). And if you want to talk to me about entreprenörsjakten or about my visions and goals, you’re more than welcome to contact me.

And I almost forgot… The price was a one week trip to San Francisco, doing a lot of entrepreneurial visits, as well as a visit at Google’s office… Too bad that I didn’t won!

Best Regards

Frida Wallin

Im08wafr@ihh.hj.se

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Presenting the JIBS winners of the Eric Rhenman Award

14 May 2009 | Posted By: Maria Markenroth

On 13 May the JIBS winners of the 2008 Professor Eric Rhenman Award were presented by Bengt Stymne, Professor Emeritus from Stockholm School of Economics.

Eric Rhenman, a well known person in the academic world and within the business community both in Scandinavia and elsewhere, wrote numerous books and articles within the areas of business economics and business management. He was a professor at the Stockholm School of Economics and at the University of Lund as well as a visiting professor at the Harvard Business School. In 1966, Eric Rhenman, together with some colleagues from the Stockholm School of Economics, established the research organisation SIAR.

The award is given to the top three theses in four selected schools around the Baltic Rim, for theses bridging the gap between management theory and practice, a topic to which Eric Rhenman devoted much of his time.

In additon to JIBS the following schools are participating: The State University of St Petersburg (Dept. of Economics & Sociology, School of Business); Tallinn University of Technology (School of Economics and Business Management); Ă…bo Academy University (Department of Industrial Management).

The winning thesis from each school will be invited to participate in a contest at the SIAR-seminar on “Clinical Research in Business Administration in Scandinavia” to be held in Finland this autumn.

JIBS winners

At JIBS, the winners of the award were Cajsa-Malin Skärström, Linus Wennerström and Erik Wallstedt with their thesis Entrepreneurial Learning -Entrepreneurial response to firm failure.

Senida Smajovic, Johanna Holkko Lafourcade and Malin Eliasson won the second price with E-commerce – A study of women’s online purchasing behavior.

The third price was conquered by Micaela Tärnhamn, Elina Sargezi and Nanci Kasto who had written Can commitment save companies from negative publicity? – The tempering effect of commitment and corporate response on negative publicity.

The ranking of the theses from JIBS was decided by a jury composed of Niclas Adler (Professor, Dean and Managing Director of JIBS), Mike Danilovic (Professor, JIBS), Björn Frösevi (CEO, Truepoint Europe) and Bengt Stymne (the SIAR Foundation and Professor Emeritus, Stockholm School of Economics).

The prizes for the competition were provided by The Professor Eric Rhenman Memorial Fund and the SIAR Foundation.

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JIBS Professor appointed Chair of an Expert Group to the German Government

12 May 2009 | Posted By: JIBS Stories

Professor Friederike Welter, associate dean of research at JIBS, has been appointed chair of a new expert group by the German government.

The task of the group will encompass evaluation of proposals for a specific new policy programme, called ValITT (short for Validierung fĂĽr den Innovativen Technologietransfer).

The group shall also advise the implementation agency on procedures, contents of the programme, etc. The content of the programme is facilitating the transfer of scientific innovative ideas into marketable products and services.

The appointment was made by the Federal Ministry of Education and Research in Germany.

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Hubert Fromlet: The global financial crisis – economic research before and after the bursting bubble

11 May 2009 | Posted By: JIBS Stories

Summary in English:

So far, we have not got a broader debate on what economic theory and research already had to offer before the bursting financial bubble in 2007. I would argue: quite a lot for the observant and flexible representatives in economic academia – but almost nothing for dogmatic “pure” macroeconomists rejecting the value of interdisciplinary research.

However, a number of crucial shortcomings in economic research have been revealed anyway during the ongoing global financial and economic crisis. More research efforts should be particularly put on the modelization of psychology (behavioral finance), on financial macroeconomics (liquidity included), and on institutional economics. We need urgently what Acemoglu calls a “theory of market transactions that is more in tune with their institutional and regulatory institutions”.

Read the full text at Hubert Fromlet’s blog (in Swedish)

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JIBS Professor to save the city of Landskrona

08 May 2009 | Posted By: JIBS Stories

In the middle of the 90s quite a few northwestern communities in Skåne were afraid of being left in the shadow of the city of Malmö when the bridge between Malmö/Skåne and Copenhagen/Denmark was  built. They turned to Åke E. Andersson, professor in Economics at Jönköping International Business School, and asked him to look for risks and opportunities.

- I came to the solution that the whole western part of SkĂĄne could grow into a common labour market under certain circumstances. The building of attractive homes had to be accelerated. Another important factor was the expansion in educational activities, says professor Andersson.

And the communities followed the advice. The amount of people commuting to their homes on the west coast of SkĂĄne is increasing all the time, as are the students at Campus Helsingborg. Helsingborg has developed quite a few attractive homes and living areas and has become a popular place for people to live, whether they are studying or working in Helsingborg or elsewhere.

Landskrona on the other hand still is in the shadows of the close by cities, such as for example Helsingborg, who took almost all initiatives stated in the investigation report of the 90s.

Landskrona didn’t use the big advantage of building new home areas despite its excellent position on the shores of Öresund in between Malmö and Helsingborg.

Another big difference on behalf of Landskrona was the quick reduction of industrial power when the ship yard industry disappeared and unemployment rates hit the ceiling, says Ă…ke E. Andersson, who last year was asked to start a development plan for Landskrona.

The plan will include the building of 1.500 new homes close to the shores with a sea view and restoration of old apartment houses in the city centre,

It will also affect business life; what and how it should be developed from now and up to 2020.

There is also an urgent need for a structural change when it comes to taxation, dependence on subsidies but also attitudes and values not least among the younger generations.

Similar development plans have been done at the department of economics before for cities like Jönköping, Södertälje and Linköping/Norrköping.

The report will be ready and presented to the authorities in November 2009.

Source: Helsingborgs Dagblad

By Magnus Arvidsson, translated by Kristina Hugander.

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