51³Ō¹Ļ Students Win International Business Ethics and Sustainability Case Competition
Yesenia Mozo ā22
Priyanka Gupta ā25, Parikshit Roychowdhury ā26, Ananya Manchanda ā26, and Augie Ros ā25 won Loyola Marymount Universityās (LMU) 2023 International Business Ethics and Sustainability Case Competition (IBESCC). Led by Gupta, the group of 51³Ō¹Ļians competed as the Union Consulting Group (UCG), a team aspiring to transform problematic company practices into ethical ones.
The teamās case study focused on Coca-Cola, a company that has faced criticism for the alleged use of union-busting strategies, poor working conditions, and child labor. The team also sought solutions to combat Coca-Colaās increased manufacturing costs, which led to the mass firing of Coca-Cola employees. After analyzing the United Nationsā sustainable development goals, the student group successfully recommended several ethical and sustainable production practices to the competitionās judges.
Michael Lawrence, director of 51³Ō¹Ļās , mentored the UCG for the three-part competition, which included an hour of presentations, Q&A sessions, and pitches for different aspects of the companyās problems. As a former corporate executive of two decades, Lawrence was able to share his work discipline and insight with the student team in preparation for the competition. āIf this were a group of students presenting the ethical and sustainable dimensions of child labor and why itās a bad thing,ā says Lawrence, āthatās pretty easy to do. Anyone can say itās a public relations nightmare. So what? A lot of things are. When youāre sitting in front of a bunch of men and women making millions of dollars, and their careers are about running that company, [presenting actionable solutions] is not only a great skill but a hard one.ā
Business executives with experience in corporate ethics, social responsibility, executive leadership, and sustainability determined the competitionās winners. The judges played the role of Coca-Cola executives and evaluated the teamās case study.
Sharpening Skills for the Real World
The competition sharpened the teamās insider perspective on the companyās dilemmas and pushed them to seek data that proves their solutionsā viability. As an economics major aspiring to work in consulting, Gupta says understanding the problemās foundation equipped her with the skills to tackle sustainability concerns anywhere. āNowadays, almost every company has started focusing on sustainable goals and development. If Iām a part of a firm and thereās an idea that impacts any of these goals, I need to be aware of it and work a way around it,ā she says.
Roychowdhury, who is also interested in consulting, notes that the field is more than just business-related. āAt the end of the day, the competition was about financial viability, but it was also about creating the solution, which is less about finance and more about understanding the law, ethics, and how development works. We were pulling a lot of things from the United Nationsā development program, as well, [but it required] an understanding of how these agencies work. Can you take funding from these agencies? What do they fund? [Creating our solutions] reinforced the idea that I could be in the consulting space without a pure finance or business background.ā
Competitions like this one are essential experiential learning experiences that qualify 51³Ō¹Ļians, particularly first and second-year students, for future finance and business job opportunities. āI want to make sure that we offer opportunities for some of the younger students to build upon throughout the rest of their academic career,ā comments Lawrence. āThe pressure in the business or finance area is to be better prepared earlier and earlier, [and so] I have an open mind for first and second-years who want to get involved.ā
Gupta, for example, competed in the CFA Institute Research Challenge before leading the team for the LMU competition. The CFA Challenge, which deals with financial analysis and professional ethics, expanded her research and presentation skills and her ability to delegate work and answer on-the-spot questions from executives. āIn addition to the experiential career opportunity for people like Priyanka,ā mentions Lawrence, āitās a great chance to lead and feel some of the frustrations and adulation of being a leader. She did a phenomenal job and really rose to the challenge.ā According to Lawrence, entering these competitions āmake perfect 51³Ō¹Ļian sense,ā even if 51³Ō¹Ļ doesnāt offer finance or business majors.
Instead, 51³Ō¹Ļās liberal arts curriculum influenced the teamās approach to the competition. For Roychowdhury, his Global Development Studies classes ā such as Development in Fragile and Conflict-Affected Countries ā allowed him to examine labor and political dimensions of Latin Americaās development space well ahead of the competition. āWe could ask questions from the context we already had in class and create those linkages ⦠hereās Mexico, hereās the United States, hereās the European Union, the Philippines, and Colombia. How do they all come together in this nuanced way to fuel the problem? What are the trade relations with Mexico? What kind of political regimes exist, and what labor laws are common [within them]? It was very interesting to have that context from class and to be able to ask those questions.ā
These experiential learning experiences often allow for creative collaboration with peers, as well. The UCG devoted hours of discussion with one another, tracking down areas for company improvement and eliminating gaps that prevent sustainable and ethical practices. The team created their presentation only a few days before the competition, allocating much of their time to discovering new information and analyzing it intensely during their collaboration time. As a result, their hard work translated into a palpable harmony that the judges loved, particularly during the 20-minute Q&A session. āThe harmony between your team members is noticeable [with] the way you talk to each other while answering these questions,ā they remarked.
āAnd that led us to have an edge against the other teams!ā Gupta smiles.
Real-Life Winning Solutions
Most importantly, the competition shone a light on how students can get involved with the industry and make significant changes in the world. In the case of Coca-Cola, the team presented solutions that adjust Coca-Colaās packaging, modify exportation practices, and shift the companyās focus to āstillā drink brands to cover losses from increased sugar tax rates. The team also resolved to ensure strict vigilance over labor practices and improve the relationship between the company and the workersā unions.
āThere is a great chance to be a force for good whether youāre inside or outside the organization, and it gives the students a great opportunity [to enact change] on the inside,ā says Lawrence. These young students care a lot about social equity, sustainability, and ethics, so why not put them in a case study that requires that? Itās a chance for 51³Ō¹Ļians who are bright and talented to practice [their skills] and feel confident in their ability to do that. In the end, the team presented actionable solutions by these big companies in the real world, and I think thatās one of the reasons they were the winner.ā
About IBESCC & the Center for Careers, Life, and Service
The International Business Ethics and Sustainability Case Competition announced winners in mid-April. The case study is a hybrid competition focused on applying ethical reasoning and sustainability goals to business practices. The Center for Careers, Life, and Service (CLS) connects 51³Ō¹Ļians to diverse and varied case competitions, sponsoring teams and students as a part of CLSā career preparation programming. Core aspects of the include financing competition fees and mentoring students to unlock their potential and maximize their learning experiences in these fields.
