News From Terre Haute, Indiana

Business

August 7, 2011

ISU students learn about international business relations

TERRE HAUTE — Indiana State University professor Art Sherwood devised a final project for his students that was, in a word, brilliant!

Sherwood, an ISU associate professor of management, taught his international business management course during a three-week journey a group of students embarked on to Europe. Since he and the students resided in Ireland at the National University of Ireland, Maynooth, during their stay, he implemented an iconic Irish resource into his course: the archives at the Guinness Storehouse in nearby Dublin.

At the archives, students scoured centuries-old documents to newer information on websites to create case study presentations on the business history of Guinness.

“A lot of students found information from when the company first started, and how they were producing their brew,” said Jenna Vaal, one of the students attending the trip. “These dated all the way back to Arthur Guinness’ first ingredient page, where he wrote down the ingredients that he was using, and how much of each one.”

Students in the Scott College of Business at ISU traveled to Europe to learn first-hand about international business relations, traditions and opportunities available to them. In addition to Sherwood’s group, other students joined Bruce and Connie McLaren, professors in the Scott College, and Steve and Becky Whitman, who created a fund to support a different journey — a weeklong trip to Paris.

During both trips, students learned about international business practices and relations in Europe. They also encountered cultural icons in different locations during their visits.

“What we want is for students to open their eyes to opportunities,” Bruce McLaren said of students studying internationally. “It gives them perspectives to speak to employers that really are different than they had before.”

Students on the Parisian trip met with business officials from European companies, which were scheduled throughout the group’s stay in the French city. In between meetings, the group toured Paris and stopped at many of the traditional locales, including the Louvre and even eating at a restaurant in the Eiffel Tower.

It wasn’t all recreation. Students also learned about business practices and concepts for companies in the European Union.

“It was definitely eye-opening to truly experience life in France,” student Miguel de la Rosa said. “It was more than a vacation.  We certainly explored every aspect of life there.”

The Whitmans created a fund that covered most of the costs for the nine students traveling to Paris. Yet Steve Whitman, an alumnus of the Scott College, also wanted to contribute more. He enlisted the help of friends and business contacts in Paris to meet with the students, and he traveled with the group to provide firsthand knowledge and perspectives from his experiences engaging in intercontinental trade.

“I’m not that much unlike them,” Whitman said. “I grew up in southern Indiana, never really had a lot of travel experience before I got into business, and it worked out OK with me.  So I think we can all do it.”

The McLarens arranged the trip’s logistics for the ISU participants. They sought out students who hadn’t previously traveled internationally. Six of the nine students on the trip lacked experience traveling outside the United States.

The professors also encouraged students between their sophomore and junior years to participate, Connie McLaren said. That way, students can arrange for a semester to study abroad later if they’re interested, she said.

Bruce McLaren thought some students chose to visit Ireland rather than travel to Paris. He thought it was beneficial for students to have the choice between the different countries and time-frames to visit.

The Ireland journey, co-sponsored by ISU’s Office of International Programs and Services and Networks Financial Institute in the Scott College of Business, allowed students to learn about international business during the three-week trip. The group learned about the financial system in the European Union, along with the International Monetary Fund and the World Bank. They studied Ireland’s National Parliament, the Houses of the Oireachtas, visited the U.S. Embassy in Dublin and met with partners at Ernst and Young in Dublin.

The group also went to London, where students toured the Bank of England and the London Metal Exchange. The group of 15 students and two leadership interns who graduated in May also visited other cultural and tourist stops, such as Shakespeare’s Globe Theatre and the Tower of London, while they were in England for four days.

Many lessons were taught that could not have been experienced in the classroom. Students split up into three teams to plan trip logistics, study culture issues and gain background about different businesses. They learned firsthand how to budget with multiple currencies and how business practices and etiquette in European countries compares to those in the U.S., said Priscilla Wolfe, director of education at NFI who led the London portion of the trip.

“I think it was useful for them to understand business and banking specifically from an international perspective, and how it varies across countries,” Wolfe said.

For some students, the Ireland experience changed their perceptions as well. For ISU junior Jenna Vaal, the trip marked the first time she ever traveled outside of the U.S. She and Jaclin Huxford, who were student co-leaders, helped make some of the group's arrangements when they toured Ireland and England.

Vaal is interested in pursuing an internship in a different country, something she didn’t consider before the trip.

“Before, I had only been on a train to Chicago, which is not a big deal,” she said. “But then when you go on a train across Ireland, pretty much by yourself, you know you can do it, and you have more faith in yourself.”

The group also got to witness Irish history. During their visit, Queen Elizabeth II of England visited Ireland, the first time since the early 1900s an English monarch had been on Irish soil, Sherwood said.

“The nice thing about it, her visit encouraged the students to learn more about Irish-English history,” Sherwood said. “They came out with a much deeper understanding about what has transpired between the two countries.”

Visits to different sites in Europe strengthened the students’ understanding of the lessons that were taught, Sherwood said.

“Our work in the archives at Guinness went way beyond my expectations,” he added. “I’ve never seen a group of students dig so deeply into a live case, where they owned it.”

Students learned about international business and cultures during the trips to Europe. Junior Jade Conrad, who made the journey to Paris, learned about etiquette and proper behavior with regard to business interactions in a different culture.

The trip helped her to expand her professional goals, and it’s helped her realize she can achieve more than she previously thought.

“It ended up 10 times greater than I thought it would be,” Conrad said. “Just the things that I saw and got to experience, everything was just amazing. This is the best thing that’s ever happened to me in my life.”

1
Text Only | Photo Reprints
Business
  • Old National acquires Michigan bank

    Evansville-based Old National Bancorp and Grand Rapids-based Founders Financial Corp. said Monday they have finalized an agreement under which Old National will acquire Founders through a stock and cash merger.

    July 28, 2014

  • Old National strengthens position with Grand Rapids-based Founders Bank & Trust pending acquisition

    Evansville-based Old National Bancorp and Grand Rapids-based Founders Financial Corp. jointly announced today the execution of a definitive agreement under which Old National will acquire Founders through a stock and cash merger.

    July 28, 2014

  • Eye on the pie: Simplifying Indiana’s tax code is no simple matter

    The Governor and his select invitees to his closed tax conference last month praised simplifying Indiana’s tax code. It is an idea better loved by Americans than baseball, apple pie or motherhood.

    July 26, 2014

  • Social Security move to help combat identity theft

    To help combat the rising threat of fraud and identity theft, Social Security will no longer issue Social Security number printouts beginning in August. If you need written confirmation of your Social Security number — perhaps your new employer needs verification — and you can’t find your Social Security card, you can apply for a replacement.

    July 26, 2014

  • Applications open for ‘Best Places to Work’

    The Indiana Chamber of Commerce is accepting applications for the state’s annual competition naming the “Best Places to Work in Indiana.” In its 10th year, this program honors top companies as determined through employer reports and comprehensive employee surveys.

    July 26, 2014

  • Newsmaker: July 27, 2014

    July 26, 2014

  • On the Move: July 27, 2014

    July 26, 2014

  • SCORE: When it comes to leads, quality trumps quantity

    Every new sale begins with a lead. So if you’re trying to grow your small business, it makes sense to generate as many prospects as possible, right? Not always.

    July 26, 2014

  • Briefly: July 27, 2014

    July 26, 2014

  • Union Hospital cuts to come from support staff

    The reduction of 150 employees in Union Health System by the end of this year will come from support staff, employees who do not have direct patient care duties, hospital administrators said today.

    July 23, 2014

  • EYE ON THE PIE: Private sector option to calm violence in streets

    We were in Edinburgh at the Pixy Theater waiting to hear the Wright Brothers play.

    July 19, 2014

  • Christian bookstore to celebrate 30-year mark

    The Open Door Christian Bookstore is celebrating 30 years of business in Terre Haute. On July 30, The Open Door staff will host a celebration of the milestone with 30-percent-off coupons, free cupcakes and door prizes throughout the day.

    July 19, 2014

  • On the Move: July 20, 2014

    July 19, 2014

  • Décor tips for outdoors focus of magazine issue

    The new issue of the Carpet One of Terre Haute digital magazine – Beautiful Design Made Simple – focuses on getting ready for the summer and expanding living space outdoors.

    July 19, 2014

  • BUSINESS BRIEFS: July 20, 2014

    • ‘Accessible tech’ workshop in works
    • Old National to host earnings web cast
    • Duke to promote entry-level openings
    • Thrift store seeks clothes donations
    • Upland wins multiple awards at Brewery Cup
    • Technology for people with disabilities workshop at ISU

    July 19, 2014

  • Restaurant continues lemonade sale cancer fundraiser

    In the summer of 2000, the idea behind Alex’s Lemonade Stand Foundation was born when 4-year-old cancer patient Alexandra “Alex” Scott set up a front yard lemonade stand to raise funds and awareness for childhood cancer cures.

    July 19, 2014

  • Nursery seeks grant applications

    The Terre Haute Day Nursery Committee is seeking grant applications from nonprofit organizations for funding in the child care areas of tuition assistance and program development.

    July 19, 2014

  • ASK SCORE: Looking to expand? Make sure credit measures up

    Good credit has always been important for entrepreneurs. But in today’s economy, building and maintaining a strong business credit score is essential for accessing both start-up and growth capital.

    July 19, 2014

  • SOCIAL SECURITY: Retirement, early or late, is a big decision

    If you believe in going all the way or not going at all, there’s a day to celebrate your extreme ways. This coming Saturday is All or Nothing Day.

    July 19, 2014

  • O’Rourke joins Sisters of Providence team

    When Providence Spirituality and Conference Center facilities manager Linda Malooley called Andrea O’Rourke inquiring if she knew of anyone who might be interested in taking Malooley’s position, O’Rourke offered a quick response.

    July 19, 2014

  • Regional artist to receive Arts Commission development grant

    The Indiana Arts Commission announced Friday that one regional artist is among 38 artists throughout the state receiving career development assistance through the agency’s Individual Artist Program grants for Fiscal Year 2015.

    July 19, 2014

  • Update: Union Hospital notifying workers of layoff

    Some employees of Union Hospital are receiving notice that they will be laid off as part of cost reductions.

    July 18, 2014

  • Convenience stores keep up fight to sell cold beer

    INDIANAPOLIS (AP) — Convenience stores in Indiana are keeping up their fight to be able to sell cold beer, as a trade group said Tuesday it was appealing a judge’s decision upholding the state law that prohibits them from selling the beverages chilled.

    July 15, 2014

  • JM 070914 PAINTER 02WELCH.jpg Fresh coat: Student Painters put business theories to work

    James Welch has successfully started his own painting business in the Wabash Valley. It isn’t entirely his business, however, but it certainly appears that way.

    July 12, 2014 3 Photos

  • Eye on the Pie: Indiana’s small business friendliness: A report card

    It must be the season. Another ranking of the states crossed my desk this week. That’s the second in two weeks. This time it’s from the Kauffman Foundation, the Kansas City organization that promotes entrepreneur development, and its polling affiliate, Thumbtack.com from San Francisco. Briefly, this report tells us that Indiana’s small business friendliness rates a grade of B-, 18th of 38 states in the survey.

    July 12, 2014

  • Social Security benefits of different flavors

    Do you scream for ice cream? If so, July’s the month for you. If not, please read on just the same.
    July is National Ice Cream Month, and July 20 is National Ice Cream Day. Take your family to get ice cream and you’ll find a variety of flavors. Same with Social Security. Most people think of retirement, but that’s like limiting yourself to vanilla. At Social Security, we offer a variety of benefits.

    July 12, 2014

  • Business Cents: Know your key demographics, market share

    Today I wanted to discuss one of the more frequent questions and challenges that business owners face and also one of the more common reasons companies fail: understanding their market.

    July 12, 2014

  • Score: Learn the ins and outs of cash flow

    You often hear about motorists who suffer breakdowns in the worst possible places because they didn’t bother to check their oil level regularly or ignored their dashboard warning lights. Many small business owners do the same thing when it comes to managing their cash flow.

    July 12, 2014

  • Davis named interim student affairs VP

    Nolan Davis, associate vice president of student affairs at Indiana State University since 2010, has been named interim vice president for student affairs, President Daniel J. Bradley recently announced.

    July 12, 2014

  • Wireless Mike’s to host grand opening week

    Wireless Mike’s will host a grand opening celebration at its new location in Marshall, Ill., beginning Friday.

    July 12, 2014

Latest News
TribStar.com Poll
AP Video
Small Plane Crash in San Diego Parking Lot Raw: Thousands Flocking to German Crop Circle Dangerous Bacteria Kills One in Florida Fighting Blocks Access to Ukraine Crash Site Smartphone Powered Paper Plane Debuts at Airshow Texas Scientists Study Ebola Virus Florida Panther Rebound Upsets Ranchers 3 People Killed, Deputies Wounded in NC Shootout Raw: Otters Enjoy Water Slides at Japan Zoo Visitors Feel Part of the Pack at Wolf Preserve Workers Dig for Survivors After India Landslide Ravens' Ray Rice: 'I Made a Huge Mistake' Raw: Deadly Landslide Hits Indian Village House Leaders Trade Blame for Inaction Southern Accent Reduction Class Cancelled in TN Busy Franco's Not Afraid of Overexposure Raw: 16 Killed in Gaza Market Strike Cantor Warns of Instability, Terror in Farewell Raw: Smoke, Explosions Fill Gaza Skyline Obama: 'Blood of Africa Runs Through My Veins'
NDN Video
Famous Internet Cats Help Big Cause With Viral Video Snoop Dogg Narrating Animal Footage Is Perfect Tigers Acquire David Price - @TheBuzzeronFOX Russell Brand Slams Sean Hannity Over Gaza Conflict Segment Chapter Two: Composing for a film in retirement Woman's Dive Goes Terribly Wrong Brian Williams Reports on Daughter Allison Williams' 'Peter Pan' Casting News Did Jimmy Fallon Look Up Heidi Klum's Dress? What Drama? Miranda Kerr Poses Topless Plane crashes in San Diego Costco parking lot Justin Bieber Takes To Instagram To Diss Orlando Bloom You Won't Believe the Celeb Cameos in "Sharknado 2" Pitch Invading Morons Cause Chaos - @TheBuzzeronFOX Orlando Bloom 'Takes a Swing' at Justin Bieber In Ibiza Sadie Doesn't Want Her Brother to Grow Up "Maxim" Hotness! See Jessica Alba's Sizzling Spread Two women barely avoid being hit by train Broken Water Main Floods UCLA Orlando Bloom and Justin Bieber Reportedly Came To Blows In Ibiza Meet the Man Behind Dumb Starbucks
Parade
Magazine

Click HERE to read all your Parade favorites including Hollywood Wire, Celebrity interviews and photo galleries, Food recipes and cooking tips, Games and lots more.
  • -

     

    March 12, 2010

activity