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Lauder Global Knowledge Lab Often, projects are sponsored and/or directed by outside organizations, including foundations, investment banks, consulting firms, or business associations. Examples of Global Knowledge Lab projects include: developing a franchise model for women’s health clinics and credit unions in Senegal and Cape Verde; analyzing the impact of worker remittances on local communities in China and Latin America; helping a Philadelphia-based entrepreneur understand the intricacies of the business culture in Germany and Russia; analyzing the economic, political and regulatory aspects of venture capital and private equity investing in different parts of the world; studying the economic and political aspects behind the rise to prominence of sovereign wealth funds in Asia, Latin America, Russia, and the Middle East; or researching and writing case studies of women entrepreneurs in developing countries. Students choose to join a team working on a project that speaks to their language, industry, and country interests. They prepare for the project while taking the required class on International Political Economy during the fall semester of the first year of the program. Global Knowledge Lab projects provide students with the opportunity to develop and integrate their language, managerial, and cultural skills in the context of a practical, yet analytical research undertaking. For instance, in 2008 five students from the Chinese, Portuguese, Russian and Spanish tracks worked together to investigate the cultural aspects of changing consumer patterns in Latin America, Russia, and China. The research was sponsored by Booz Allen Hamilton, a large consulting firm, and took the students to Mexico City, São Paulo, Moscow and Beijing, where they interviewed company executives and gathered qualitative and quantitative data. "The project was unique in giving us hands-on business experience in four different countries and languages. The chance to interview executives of emerging-market and multinational firms from Brazil to China and to work with leaders in the consulting world was exceptional. To me, this program sets Lauder apart from other international business programs." —Claire Siegel, Lauder Class of 2009, Portuguese Track. |