FIT Sponsorship
MEDIA, JOBS & RESOURCES FOR THE COMMON GOOD
NEWS  | 

MBA Students Find Business Solutions for NFPs


Wednesday, 6th February 2013 at 2:21 pm
Staff Reporter
Business students from Monash University are using their study time to help solve business and management challenges faced by community and non-government organisations (NGOs).

Wednesday, 6th February 2013
at 2:21 pm
Staff Reporter


0 Comments


FREE SOCIAL
SECTOR NEWS

 Print
MBA Students Find Business Solutions for NFPs
Wednesday, 6th February 2013 at 2:21 pm

Business students from Monash University are using their study time to help solve business and management challenges faced by community and non-government organisations (NGOs).

As part of the University’s Master of Business Administration (MBA), students are required to undertake community corporate projects with MBA students from other business schools around the world.

MBA Director Associate Professor Amanda Pyman said the community corporate project component allowed the students to apply the analytical skills they had learnt throughout the degree in a real workplace situation as well as assist the NGOs find business solutions to difficult issues.

“Traditional management skills are no longer enough. To truly make a difference, corporate leaders must also have a deep understanding of their social responsibility and the impact this has on their business,” Associate Professor Pyman said.

“The community corporate projects provide the students with core consultancy and investigative skills, as well as an opportunity to explore in-depth a real business or management problem in the Not for Profit or community sector.

“The project therefore provides the students with a valuable and unique opportunity to apply academic knowledge to professional management and business practice and make a valuable contribution to the sector.”

Monash MBA student Ashish Sharma and his fellow team members Anna Baggaley and Dr Liadi Mudashiru from the Newcastle University Business School (UK) worked with the management team at SIDS and Kids Australia to improve the operational and financial position of the charity’s online store.

  
  Picture: Monash University

“SIDS and Kids do very noble work so the team was very passionate and motivated to successfully complete the project we were given,” Sharma said.

“Through research and consultation with all key stakeholders in the organisation we were able to provide direction on future projects to improve the revenue generated by the charity’s website.”

The students also recommended enhancing the visual appeal of the website and that the SIDS and Kids national office should work more closely with its state offices to increase the revenue of the website.

Ashish said the project helped him better understand the complexities of decision making involving the interest of many stakeholder groups, especially when they were sometimes conflicting, and that businesses have a significant power to make a positive impact to the community.

“It is important we consider the long term implications of our business decisions in the broader context in which we live and work. This learning will enable me to make informed decisions in my professional career,” Ashish said.

Partner organisations involved in the corporate project include Cricket Australia, Destination Melbourne, Royal District Nursing Service, SIDS and Kids Australia, National Disability Services and Wyndham Community and Education Centre.



FEATURED SUPPLIERS


HLB Mann Judd is a specialist Accounting and Advisory firm t...

HLB Mann Judd

Brennan IT helps not-for-profit (NFP) organisations drive gr...

Brennan IT

We specialise in data solutions consulting and IT profession...

DQUBE Solutions

Helping the helpers fund their mission…...

FrontStream Pty Ltd (FrontStream AsiaPacific)

More Suppliers

Get more stories like this

FREE SOCIAL
SECTOR NEWS

YOU MAY ALSO LIKE

Victorian Government Unveils Homelessness Action Plan

Luke Michael

Monday, 15th January 2018 at 2:34 pm

Sharp Rise in School Children Experiencing Homelessness

Luke Michael

Wednesday, 10th January 2018 at 4:33 pm

Advancement of Religion as Charitable Purpose In Question

Wendy Williams

Friday, 15th December 2017 at 10:15 am

Victorian Social Enterprises Boosting Economy with Inclusive Workforce

Luke Michael

Tuesday, 5th December 2017 at 3:07 pm

POPULAR

$110M Package Tackles Anxiety and Depression Among Young Australians

Wendy Williams

Tuesday, 9th January 2018 at 8:46 am

Social Enterprise Announces $500,000 Funding for Social and Affordable Housing

Luke Michael

Monday, 15th January 2018 at 11:26 am

Privatisation Poses New Challenges for NFPs Managing Their Workforce

Luke Michael

Tuesday, 9th January 2018 at 4:36 pm

People With Severe Mental Illness Struggling With NDIS Transition

Luke Michael

Wednesday, 17th January 2018 at 5:58 pm

Write a Reply or Comment

Your email address will not be published. Required fields are marked *


FIT Sponsorship
pba inverse logo
Subscribe Twitter Facebook

The social sector's most essential news coverage. Delivered free to your inbox every Tuesday and Thursday morning.

You have Successfully Subscribed!