CSUB students advance to national business ethics competitionMarch 18, 2008
Kathy Miller, 661/654-2456, firstname.lastname@example.org or
Michele Newel, 661/654-2720, email@example.com
Three California State University, Bakersfield business students have been selected to advance to the final round of Loyola Marymount University's 10th annual National Intercollegiate Business Ethics Competition. Briana Tucker, Lauren Jacobs and Jason Matson will compete in the final round at LMU in Los Angeles April 10 – 12.
This year's qualification involved a competitive selection process for determining the top 30 teams who will make an oral presentation in the final round.
CSUB will face off against top-ranked business programs such as Dartmouth, LMU, New York University's Stern School of Business UCLA's Anderson School of Management, University of Arizona, University of San Francisco, University of Michigan at Ann Arbor, United States Military Academy at West Point, U.S. Naval Academy and Villanova University.
LMU's Center for Ethics and Business reported over 100 universities submitted proposals in the hope of advancing to the final round of competition. Teams who were selected to advance to the final round were those with the highest score on their written proposals. Universities were allowed to submit a proposal for only one team.
The teams selected are either all undergraduate or graduate students from their universities, but both compete against each other for the final four spots. All teams have three to five members.
For the final round, each team prepares an oral presentation in which students explain the legal, financial and ethical dimensions of the problem they have selected. They then recommend a solution that must pass muster on all three counts. Oral presentations last between 20 and 30 minutes. These presentations are judged by a combination of men and women from national businesses and university faculty. Teams are questioned for an additional 20 to 30 minutes by the judges, who then give the teams feedback on their performance.
CSUB's topic is "Predatory Lending—Countrywide Home Loan's Focus on Sub-Prime Lending Directed toward Mid- and Low-Income Families."
"The idea of the exercise is to help students learn that it is possible to do business profitably while at the same time act ethically," said Jeana Jaymes, CSUB marketing and management professor and team adviser. Jaymes explained teams are expected to have a rigorous and scholarly grasp of the ethical issues, but they must then translate their insights into everyday language appropriate for a business setting.
The Center for Ethics and Business is an arm of the College of Business Administration at LMU. Their mission is to provide an environment for discussing issues related to the necessity, difficulty, costs and rewards of conducting business ethically. Recognizing the special challenges connected with discussing ethical issues in a diverse global economy, the Center encourages a secular and philosophical approach to these matters.
The LMU Intercollegiate Business Ethics Competition is sponsored by the Center and was originally launched in 1998. The business ethics competition now draws teams from universities nationwide, as well as globally. Student teams are selected and assembled by each university. They must choose a contemporary ethical issue in business.
For additional information, contact Jaymes at (661) 654-6881.