2016-2017

At the University of Vermont’s Sustainable Entrepreneurship MBA (SEMBA) program you will enjoy small, tight-knit classes taught by some of the leading thinkers and practitioners in the �eld. You will learn how to create pro�table, sustainable, business opportuni-ties in a world undergoing transformational change. You will become one of the next generation of business leaders; a disruptor, an innovator, and a visionary intrapreneur or entrepreneur. Someone not content doing things the way they’ve always been done.

SEMBA will teach you how not to do business-as-usual. We believe the deep teaching expertise and access to the globally recognized sustainable brands and business leaders will prepare and inspire you. As a SEMBA student, you will bene�t from:

• AN ACCELERATED ONE YEAR PROGRAM: Designed to get you back out there, inventing or reinventing your enterprise as soon as possible.• SUSTAINABLE BUSINESS LEADERS: Learn from and develop relationships with leaders from a master class of sustainable enterprises, from both here in Vermont and around the world through our Entrepreneur/Executives-in-Residence Program, including entrepreneurial founders, CEOs and executives from Ben & Jerry’s, Grameen Phone, Novelis, PwC, Interface, and Seventh Generation.• GLOBAL EXPOSURE AND HANDSON EXPERIENCE: Do meaningful, high-impact work with local and national organizations, and with global partners that have on-the-ground access in emerging markets and the developing world. For example, our students have had ful�lling practicum experiences working on sustainable innovation initiatives with companies like PepsiCo, Novelis, and Facebook in Latin America, Asia, and Africa.• AWARD WINNING: In October 2016 the Princeton Review ranked SEMBA as the #2 Green MBA in the country, and SEMBA was named as the 2015 Grand Prize winner of the Dr. Alfred N. and Lynn Manos Page Prize for Environmentally Sustainability Curriculum. SEMBA o�ers an AACSB accredited MBA degree from a highly recognized and reputable business school.• MULTIDISCIPLINARY: We’ve designed a unique curriculum delivered by faculty from our Grossman School of Business along with colleagues from the Department of Community Development and Applied Economics, the nationally ranked Rubenstein School of Natural Resources, the Gund Institute, and Vermont Law School.

�is guide provides a wealth of information about SEMBA and Burlington, the city we call home. I think you will �nd thisuseful in making your plans, and hope you will consider SEMBA as you embark on what I am convinced will be one of themost exhilarating and transformative experiences of your life.

Sincerely,

Sanjay Sharma, Ph.D.Dean and Professor of Management

A M E S S A G E F R O M T H E D E A N

�e mission of the University of Vermont’s SEMBA program is to prepare individuals to create pro�table and sustainable business opportunities in a world undergoing transformational change. SEMBA aims to develop the next generation of leaders who will transform, disrupt, innovate, and build sustainable business and enterprises in a world that demands it.

Over the past 25 years, most major business schools in the world have added some kind of initiative, center, or program focused on sustainability, corporate citizenship, or social entrepreneurship. �e problem is that virtually all of these initiatives, centers, or programs tend to hang o� the side of the existing business school edi�ce. Like the proverbial “saddle bag” on a horse, the issues are contained within separate compartments that are readily visible from the outside, but have li�le impact on the behavior of the animal itself. Sustain-ability has joined other business school “saddle bag” issues such as ethics, entrepreneurship, and emerging economies, as a way to recognize, but stop short of fully integrating them into the core DNA of the institu-tions.

It is high time to move beyond saddle bag sustainability in business education. �e social and environmen-tal challenges we face call for nothing less. �at is why the SEMBA curriculum is so unique and important.

SEMBA seeks to fundamentally reinvent business education and the MBA degree, to train the next genera-tion of transformational leaders who will create and reinvent pro�table entrepreneurial business models to address 21st century challenges pertaining to climate change and the environment, energy use, ethics, poverty, and inequality. With SEMBA, we have taken o� the saddle bags and designed a new horse. �e curriculum is new and focused 100% on sustainable entrepreneurship.

S E M B A M I S S I O N - B E Y O N D “ S A D D L E B A G S ”

T H E S E M B A E D G E

SPEED + AFFORDABILITY + INNOVATION = THE SEMBA EDGE

SEMBA combines three key elements to create a unique curriculum and innovative program unlike a tradi-tional MBA education:

1. Speed: By designing the program into one and two credit course blocks combined with the three-month Practicum Project, we are able to o�er an AACSB accredited MBA degree in only twelve months. �at means your investment is only one year versus the two years typical of most full-time MBA programs.

2. A�ordability: MBA tuition has skyrocketed in recent years to well over $100,000 for most traditional two-year, full-time business programs. Increasingly, this makes business school all but una�ordable for many prospective students, saddling them with high levels of debt for decades to come. Recognizing the impor-tance of a�ordability, SEMBA’s tuition cost is one of the lowest—less than $50,000 for out-of-state students and less than $30,000 for Vermont residents.

3. Innovation: SEMBA is an accelerated, twelve-month program, and our award-winning curriculum is celebrated and recognized for its innovative approach. We also o�er unique opportunities for Post-Graduate consulting projects with the companies o�ering Practicum Projects, and those represented on our Advisory Board. �ese consulting projects start upon graduation in August and run for a period of four months or more; built into their design is time allocated to search for full time employment. �is innovative model provides paid project work experience, while also allowing time to explore career and employment options. In some cases, consulting projects lead to full time employment o�ers.

Our model of speed + a�ordability + innovation o�ers a unique and compelling value proposition for MBA education, and represents a tangible demonstration of what the SEMBA program stands for: disruptive innovation through an inclusive, accessible, best-in-class model for the future of MBA education. �at’s the SEMBA edge.

O F F E R M O R E I N L E S S T I M E

GIVE US 1 YEAR. TOGETHER WE’LL REINVENT THE WAY WE DO BUSINESS

Traditional full-time MBA programs take two years, with the �rst year dedicated largely to “core courses” and the second year dedicated to electives in an area of specialization. So how does SEMBA deliver the critical content of an MBA program, plus a substantial amount of new material focused on sustainability and entrepreneurship…and do it in only 12 months?

1. Focus on the Critical MBA Toolkit: Since we designed SEMBA from a clean sheet, we were able to select the most critical sets of core knowledge, skills, and capabilities that an MBA must know and include them in a redesigned format of one and two credit courses, each taught from the perspective of sustainable entrepreneurship. In addition, some of the “traditional” core content that could be easily learned remotely, is included in a carefully designed on-line module that students take before the actual start of classes. �is allows us to bring everyone up to speed on the basics in areas like accounting, �nance, and economics before you even start.

TRANSFORMING TODAY’S BUSINESS - CREATING TOMORROW’S VENTURES

SEMBA vs. Traditional MBA

• We eliminate legacy content of the past, &

focus on tools for the present & future

• We deemphasize administrative skills &

focus on leadership, collaboration, &

innovation skills

• Instead of preparing managers for

functional execution, we develop

visionary leaders for transformational change

�e SEMBA Di�erence

• Sustainability & innovation are

integrated in every course

• Students learn from numerous thought

leaders, entrepreneurs, & leaders in

sustainable business

• Graduates leave with project-based

experience via practicums hosted by

world-class companies & entrepreneurs

Core

MBA Toolkit

• Accounting

• Finance

• Economics

• Statistics

• Marketing

• Operations

• Management

• Strategy

An MBA for the 21st Century

2. Reduce or Eliminate Legacy Material: Like anything else, traditional MBA programs that have been in existence for a period of time have come to include material and content that might have served an important purpose at one time, but may no longer be relevant. With SEMBA, we were able to examine closely the curriculum and reduce or eliminate some non-essential “legacy” content. For example, with our focus on innovation and entrepreneurship, we were able to eliminate some content related to administration of on-going enterprises; we also signi�cantly reduced the time spent on areas like factory optimization, queuing theory, statistics, and manufacturing. Finally, the traditional focus on extensive manual calculations and problem sets has been reduced in favor of knowing where to go to get the latest and best quantitative work done.

3. Bring an Integrated Focus on Sustainability: What makes SEMBA truly unique is its integration of innovation and the social and environmental challenges that the world faces into each and every course in the curriculum. In addition, we have added substantial new content that typically is not included (certainly not required) in traditional MBA Programs, including a focus on world challenges, natural capital, clean technology, innovation through collaboration, leading for transformational change, base of the pyramid business, poverty contexts, and co-creation skills.

We are looking for people like you - people not content to do things the way they’ve always been done, the disrupters, innovators and visionary entrepreneurs; people who think di�erently and know there’s a be�er way to do business, and who are ready to embark on a business education that will prepare them to live di�erently, lead di�erently and pro�t di�erently.

Whether transforming an existing business or creating a new venture, SEMBA has been speci�cally designed from the ground-up for people like you that understand that these times demand a new approach.

G I V E U S O N E Y E A R

TRANSFORMING TODAY’S BUSINESS - CREATING TOMORROW’S VENTURES

Classroom-based learning is critical and the SEMBA curriculum is unique in its design and focus. However, real world exposure and experience are also crucial to the development of the personal perspective and skills needed to be an e�ective sustainable business change agent. Accordingly, SEMBA integrates several elements that provide practical, hands-on experience and connections.

MODULES AND COURSES�e program is structured in 4 modules of 8 weeks each. Each module consists of a series of short, intense 1 or 2 credit courses. Students in each cohort learn and grow together as a cohesive group, taking the same courses at the same time, and forming lifelong professional and personal relationships.

Every course addresses issues of sustainability and innovation. Business cases are shared across courses and these business cases focus on how certain corporations are building a more inclusive, resilient, and sustain-able economy. �e curriculum will discuss in depth how the global challenges associated with sustainability, when viewed through a business lens, can help identify managerial strategies and practices to achieve sustainable economic growth while simultaneously driving shareholder value.

PRACTICUMExperience-based learning is a central component of the SEMBA curriculum. Building on the intensive coursework of the �rst 9 months of the program, the practicum project is a 3 month, full-time, hands-on experiential engagement with a host organization, focused on real challenges and opportunities in sustain-able entrepreneurship in Vermont, elsewhere in the US, and overseas. Any expenses associated with required national or international travel are covered by the sponsoring companies.

Practicum projects are typically composed of teams of 2-4 SEMBA students each. Projects are designed to yield “mutual value”—valuable for both the student team (from a learning point of view) and the host organization (from a business point of view). �e primary project deliverable is a detailed and comprehen-sive business/action plan for the host organization. Students also pitch their business/action plans to a panel of Executives, Chief Sustainability O�cers, Entrepreneurs and Financiers, along with representatives of the host organizations. A successful practicum pitch, �nal presentation, and project report are required for graduation.

S E M B A C U R R I C U L U M

Past practicum projects have been hosted by many world-class organizations including Pepsico, Novelis, Facebook, Cemex, Ben & Jerry’s, Seventh Generation, Native Energy, and Keurig Green Mountain. An extended list of project descriptions can be found at uvm.edu/semba.

FACEBOOK Project Title: Terragraph Business ModelFacebook Connectivity Lab's mission is to conduct the fundamental research to connect the 4.2 billion people who are without access to the Internet or under-served with limited connections to the Internet. Using new technologies built by Facebook’s Connectivity Lab, the company seeks to leapfrog traditional methods for connectivity and o�er disruptive, innovative projects to connect the “last mile.”

�e SEMBA practicum project worked with the Facebook team on project Terragraph; one of the Connectivity Lab’s terrestrial Internet solutions. �e focus of the project was to explore the ecosystem in dense urban slums in India to be�er understand the value proposition of Terragraph technology. SEMBA students conducted on the ground interviews to uncover challenges and solutions associated with the use and implementation of the technology. �e �ndings will assist Facebook in determining a viable business model for project Terragraph in India and a framework for the rest of the world. �e goal of the project is to create mutual value for businesses and the communities they operate in, creating a truly sustainable venture.

SEVENTH GENERATION Project Title: A�ordable & Sustainable Portfolio for Underserved ConsumersLow-income consumers are greatly underserved in the green products marketplace. Due to the current reality of higher costs in development, sourcing materials, production and compliance, green products cost more than conventional products of similar e�cacy. As a result, many families cannot a�ord high quality green products. As a mission-driven company, Seventh Generation believes that everyone should be able to clean safely, sustainably and e�ectively.

�e SEMBA team developed a comprehensive go-to market and long-term strategy to address the clothes laundering or other household cleaning needs of low-income communities in an a�ordable and environmentally sustainable way. �e team identi�ed options for new products or services and business models. �e team focused on understanding the target consumers’ preferences and cleaning habits, identifying barriers to use of green products by these consumers, de�ning a�ributes that will appeal to the target consumer, and developing a value proposition uniquely suited to low-income consumers while avoiding cannibalization of current products.

S U M M E R P R A C T I C U M P R O J E C T S

NATIVE ENERGYProject Title: Hydraid Business for Base of the Pyramid in AfricaNativeEnergy recently acquired the Hydraid® Biosand water �lter technology to supply its Help Build™ clean water programs in developing countries. Utilizing NativeEnergy’s impact investment model to seed-fund initial placement of �lters could provide a powerful boost to establishing a pro�table business that helps to meet the critical need for safe drinking water

�e SEMBA project team assessed the potential for a water �lter business and created a business plan for a venture to support underserved, low-income populations in one or more countries. �e team used prior research conducted by TripleQuest and NativeEnergy on �lter technologies and current experience across projects that were funded by NativeEnergy to install these �lters in Ghana, Kenya, Ethiopia, India, Honduras, and Haiti. �e SEMBA teams �ndings will be central to NativeEnergy’s strategy on investing in the Hydraid® Biosand business.

NOVELIS Project Title: China Recycling StrategyNovelis’ global recycling footprint want to have the capabilities to take and process scrap from anywhere. Novelis has built an automotive �nishing plant in China, but with rising volumes of aluminum scrap in China due to a growing middle-class and increasing levels of consumption, it seems like an obvious move for Novelis to next put a recycling center there. But there is an e�ective export ban on scrap leaving China and perhaps a very di�cult scrap market to break into with many challenges.

How can Novelis develop a strategy to purchase and reprocess scrap from China? What should be the immediate next steps to move the company forward toward a long-term, sustainable strategy for closed loop aluminum in China? What are the risks? How can they be dealt with? �e SEMBA project worked to understand and develop a strategy.

PEPSICO Project Title: Sustainable Entrepreneurship in Latin America�is project assessed PepsiCo's capabilities and readiness to undertake Base of the Pyramid (BoP) business develop-ment. �e next step will be to launch a sustainable entrepreneurship initiative to develop a new venture in Latin America focused on the underserved. �is practicum project is focused on the value proposition and business model to create and develop a new business focused on a�ordable nutrition, starting in Latin America.

S U M M E R P R A C T I C U M P R O J E C T S

POST GRADUATE CONSULTING PROGRAM

Ideally, Practicum Projects help to give momentum to an important initiative or strategy that the host organizations would like to continue beyond the Practicum Project time frame. �is opens the potential for continued paid engage-ment or even employment a�er completing the Practicum and graduating in August. Such continuing engagement is facilitated through the SEMBA Post-Graduate Consulting Program, which o�ers a set of short-term consulting project opportunities to SEMBA graduates. �ese consulting projects last for 4-12 months and, in addition to resume-building experience on hand-picked sustainable entrepreneurship initiatives, also allow time for personal development and the exploration other career opportunities.

SEMBA CHANGEMAKER NETWORK

With the goal of reinventing business education – and reinventing business – comes the need for an active, commi�ed “ecosystem” of companies, organizations and individuals who share a belief that business has a new mission both globally and locally. �e SEMBA Changemaker Network, with SEMBA and the Advisory Board at its hub, comprises a rich, dense network of individuals from the spheres of sustainable business, clean technology, corporate social responsi-bility, base of the pyramid enterprise, and those seeking to reinvent business.

�e mission of the SEMBA Changemaker Network is to provide a strong support system commi�ed to launching SEMBA’s newly educated business leaders into opportunities and careers within Network companies, ventures, and other organizations. �is support system is vital to a program like SEMBA, and crucial to talent-hungry organizations seeking to change the world.

T H E S E M B A N E T W O R K

S E M B A P R O G R A M S T R U C T U R E

For additional curriculum information, please visit our website: uvm.edu/semba

MODULE 3 | JAN-MAR Leading for Sustainable InnovationSustainable Operations and Green Supply ChainsBusiness, Communities, and SustainabilityLaw as a Framework for Entrepreneurial BusinessSustainability Toolkit IFinancing a Sustainable VentureLeadership Seminar

MODULE 4 | MAR-MAY Technology Commercialization and EntrepreneurshipDriving Innovation from the Base of the PyramidEntrepreneurial Family BusinessRegulatory Issues for the Entrepreneur Sustainable Energy Technology and PolicySystems Tools for SustainabilitySustainability Toolkit IIService Operations & SustainabilityLeadership Seminar

PRACTICUM 2 | MAY-AUGPracticum Kick-O� Scoping Pitch, Project & Final Presentation

2016/2017 CURRICULUMONLINE PREP COURSE | JUL-AUG Financial Accounting for Sustainable Enterprises

MODULE 1 | SEPT-OCT World Challenges: Physical and Social RealitiesBusiness Strategy for a Sustainable WorldFinance for InnovatorsSustainable Brand MarketingTeamwork and Collaboration for Sustainable InnovationBusiness EconomicsEntrepreneurial Leadership and MindsetLeadership Seminar MODULE 2 | NOV-DECBusiness Sustainability and Public PolicyCra�ing the Entrepreneurial Business ModelMarketing Decision Making Under UncertaintyStrategic CSR for Transformational SustainabilityFinance for InnovatorsCost Models for the Transformational EnterpriseLeadership Seminar

PRACTICUM 1 | JAN Initial Framing; List of Ideas/Opportunities

TRANSFORMING TODAY’S BUSINESS - CREATING TOMORROW’S VENTURES

SUSTAINABLE ENTREPRENEUR/EXECUTIVES IN RESIDENCE

SEMBA brings leading-edge practitioners—both executive change agents in companies, and start-up entrepreneurs—to campus to share their personal experience and perspective with the SEMBA students. A�endance is a requirement for all students and the sessions are only open to SEMBA students and faculty. �is provides you with unparalleled networking opportunities through direct and personal contact with leading practitioners. Past Sustainable Entrepreneur/Executives in Residence have included:

• Jostein Solheim, CEO, Ben & Jerry’s• Laura Asiala, VP Client Relations & Public A�airs, Pyxera Global• Valeria Budinich, Global Leadership Group Member, Ashoka• Erin Meezan, VP of Sustainability, Interface• David Bli�ersdorf, Founder, AllEarth Renewables• Iqbal Quadir, Founder, Grameen Phone• Ma� Arnold, Head of Sustainable Finance, JP Morgan Chase• Nick Donowitz, Chief Operating O�ce, THINKmd• Donald Reed, Managing Director, PwC Sustainable Business Solutions• Justin Bakule, Director, Shared Value Initiative, FSG

ADVISORY BOARD

SEMBA features an Advisory Board and a community of partners comprised of individuals who work in organizations with a long history of commitment to sustainability and have successful careers as executives and entrepreneurs. Members are drawn from many iconic Vermont brands, along with a range of estab-lished global companies undergoing transformations to sustainability and new ventures.

Students have easy access to the members of the Board and our other partners who are willing to provide guidance and feedback as you develop your post-graduation career strategy.

S E M B A N E T W O R K I N G

TRANSFORMING TODAY’S BUSINESS - CREATING TOMORROW’S VENTURES

S E M B A A D V I S O R Y B O A R D

Laura AsialaVice President, Client Relations & Public A�airsPYXE� Global

Joey BergsteinCMO and General ManagerSeventh Generation

Je� BernickePresident and CEONativeEnergy

Valeria BudinichGlobal Leadership Group MemberAshoka Innovators for the Public

Carolyn CookeDirector of Sales and MarketingAllEarth Renewables

Cairn CrossManaging DirectorFresh Tracks Capital

Nick DonowitzChief Operating O�cerTHINKmd

Don Droppo Jr.President & Chief Executive O�cerCurtis Packaging

Robert FrelingExecutive DirectorSolar Electric Light Fund

Joe Fusco*Vice PresidentCasella Waste Systems, Inc.

John GardnerVice President, Human ResourcesNovelis

Al HammondPresidentAllen L. Hammond & Associates

Claudia Harner-JaySenior Program O�cerPATH

Amit KapoorPresident and CEOIndian Council on Competitiveness

Ali KenneyDirector of Global SustainabilityBurton Snowboards

Shad KhanSenior ManagerEY

Jonathon KochManaging DirectorUS Renewables

Andy ManganExecutive DirectorUS Business Council for Sustainable Development

Erin MeezanVice President of SustainabilityInterface

Rob MichalakGlobal Director of Social MissionBen & Jerry's

Hinda MillerPresidentDeforest Concepts

Robert MillerCEOVSECU

Robert MorierManaging Director, Head of North AmericaGlobal Evolution

Monique OxenderChief Sustainability O�cerKeurig Green Mountain

Robert M. PhillipsConsumer Products Operating PartnerSJ Partners

Iqbal QuadirDirector Emeritus, Legatum Center at MITMassachuse�s Institute of Technology

Donald ReedManaging DirectorPwC Sustainable Business Solutions

Antonio RibeiroSales Operations Director, Latin AmericaPepsiCo

Dawn Ri�enhouseDirector, Sustainable DevelopmentDuPont

Martin Wolf Director, Sustainability & AuthenticitySeventh Generation

Robert ZulkoskiChairmanVermont Works

Ex-O�cio MembersStuart HartProfessor and SEMBA Co-DirectorUVM Grossman School of Business

David A. JonesProfessor and SEMBA Co-DirectorUVM Grossman School of Business

Sanjay SharmaDean and Professor of ManagementUVM Grossman School of Business

Kianna Bromley, Class of ’15Brodie O’Brien, Class of ’15Vinca Krajewski, Class of ’16

*Chair of the Advisory BoardOctober 2016

W H E R E W I L L S E M B A T A K E M E ?

�e mission of the SEMBA program is to prepare individuals to create pro�table and sustainable business opportunities in a world undergoing transformational change. But what does this look like in practice? What sorts of jobs and opportunities does SEMBA prepare graduates to do?

Traditional MBA Programs focus on training people for “executional” roles in established �rms, typically hiring MBAs into clearly de�ned “implementer” jobs in marketing, investment banking, operations, corporate �nance and consulting. �is is where the “mass market” for jobs is located; with established �rms looking for people with functional MBA skills to help them deliver and continuously improve current businesses.

If merely being an implementer is the goal of your MBA training, then SEMBA is the wrong program for you!

�e SEMBA team works to build an unparalleled global network of partners and collaborators who help us create the entrepre-neurial initiatives and jobs of the future. We endeavor to create change agents rather than implementers. To do this SEMBA focuses on four primary domains for placing our graduates:

1. Intrapreneurs: Growing numbers of existing businesses and corporations have reached maturity or have even begun to decline. Many base businesses are built on yesterday’s unsustainable thinking and technology. Many more fail to reach the majority of humanity in the emerging and growth markets in the developing world. SEMBA builds the business skills to both incubate new, disruptive or leapfrog businesses within existing corporations, and to help lead the process of corporate transfor-mation for those companies seeking to fundamentally transform themselves to meet the challenges of the 21st century.

2. Consultants: More than ever the world of consulting is turning its a�ention to innovation, disruption, and corporate transformation rather than simply the continuous improvement of existing businesses and strategies. Our graduates are well suited to the emerging consulting practices focused on sustainability-driven innovation.

3. Entrepreneurs: We target new ventures and start-ups that focus on tomorrow’s environmentally sustainable technology and socially inclusive business models. Our graduates are perfectly suited to help imagine, cra�, and build such ventures. Some may—and already have—started their own.

4. Investors: Increasingly, the world of �nance is turning its a�ention to “impact,” “social,” and “sustainable” investing. SEMBA develops graduates who are adept in how to invest in, and build, new ventures that generate triple bo�om line returns—socially, environmentally, and �nancially.

S E M B A F A C U L T Y B I O G R A P H I E S

Professor and SEMBA Co-Director Stuart L. HartDr. Stuart L. Hart is among the world's top authorities on the implications of environment and poverty for business strategy. He is the Steven Grossman Endowed Chair in Sustainable Business at UVM’s Grossman School of Business, and the S.C. Johnson Chair Emeritus in Sustainable Global Enterprise and Professor Emeritus at Cornell University's Johnson Graduate School of Manage-ment, where he founded the Center for Sustainable Global Enterprise. Stuart is Founder and President of Enterprise for a Sustainable World, Founder of the BoP Global Network, and Founding Director of the Emergent Institute in Bangalore. He has also held positions as the Hans Zulliger Distinguished Professor of Sustainable Enterprise at the University of North Carolina's Kenan-Flagler Business School, where he founded the Center for Sustainable Enterprise and the Base of the Pyramid Learning Laboratory; and as faculty in corporate strategy at the University of Michigan's Ross School of Business where he was the Founding Director of the Corporate Environmental Management Program (now the Erb Institute).

Stuart has published more than 70 papers and authored or edited eight books, amassing over 25,000 Google Scholar citations. His article “Beyond Greening: Strategies for a Sustainable World” helped launch the movement for corporate sustainability and won the McKinsey Award for Best Article in the Harvard Business Review in 1997. With C.K. Prahalad, Stuart coauthored the path-breaking 2002 article, “�e Fortune at the Bo�om of the Pyramid” about how business could pro�tably serve the needs of four billion people in the developing world. Stuart coauthored with Ted London a 2011 book entitled “Next Generation Business Strategies for the Base of the Pyramid.” His best-selling book “Capitalism at the Crossroads” was selected by Cambridge University as one of the top 50 books on sustainability of all-time. Stuart was instrumental in developing the SEMBA program and in establishing partnerships with numerous sustainable business leaders and cu�ing-edge companies.

Professor and SEMBA Co-Director David A. JonesDr. David A. Jones served on the initial curriculum design team that created this award-winning MBA program. He joined UVM’s Grossman School of Business as a Professor of Management in 2004 a�er completing his Ph.D. in Industrial and Organizational Psychology at �e University of Calgary. David is a passionate teacher who was honored to receive a Universi-ty-wide teaching award in 2009. He teaches SEMBA courses on Teamwork and Collaboration, Strategic Corporate Social Responsibility, and Leadership and Innovation. He regularly works with organizations and conducts full-day leadership workshops through which he has trained over 800 executives and managers.

David is a productive scholar who focuses on explaining how and why job seekers and employees respond positively to an employer's community involvement and other sustainable business practices. He also conducts research on employee volunteer-ism, and on perceptions of fairness in the workplace. David has co-authored and presented over 80 papers at scholarly confer-ences and published over 30 articles, book chapters, and conference proceeding papers. He has established an international reputation as a thought leader in the emerging area of employee responses to sustainable business practices, delivering keynote addresses and receiving honors for this work that includes published literature reviews and theory development (Henning & Jones, 2013; Jones & Rupp, in press; Jones & Willness, 2013; Willness & Jones, 2013), and empirical studies ( Jones, 2010; Jones, 2016; Jones, Willness, & Heller, 2016; Jones, Willness, & Madey, 2014). His articles have appeared in top scholarly journals such as the Academy of Management Journal and Journal of Applied Psychology, and two other leading journals where he serves on the editorial boards: the Journal of Organizational Behavior and Journal of Management. David is currently co-editing two special journal issues on employee responses to socially and environmentally sustainable business practices.

Associate Professor Carolyn M. BonifieldDr. Carolyn M. Boni�eld is an Associate Professor of Marketing at UVM’s Grossman School of Business. She holds degrees from the University of Iowa (Ph.D), Michigan State University (MBA), and Ohio University (BA). Her research interests include consumer decision making, consumer responses to mobile technology, and collaborative consumption. She has published articles in a number of top business journals including the Journal of the Academy of Marketing Science, Journal of Business Research, and Marketing Le�ers, among others. Prior to pursuing her Ph.D., she was a product manager for Unilever, and launched and then sold a small business. Dr. Boni�eld teaches “Sustainable Brand Marketing” in the 2016-17 curriculum.

Cairn CrossCairn Cross is a co-founder of FreshTracks Capital and serves as a Managing Director of the Fund. Cross presently serves on the boards of FreshTracks portfolio companies Vermont Teddy Bear, NativeEnergy, Faraday and Budnitz Bicycles. Cairn was formerly the Chair of the Board for the EatingWell Media Group which was sold to Meredith Corporation in 2011. Cairn also served on the Board of Directors of NEHP prior to its sale in 2012 to Critical Process Systems. Prior to starting FreshTracks, Cairn was a strategic and �nancial adviser to Vermont banks and growth businesses, the Assistant General Manager of Green Mountain Capital, L.P. from 1996 to 1998 and spent a decade working as a commercial banker. He teaches “Financing a Sustainable Venture” in the 2016-17 curriculum.

Mike DupeeMichael Dupee brings a wealth of training and industry experience to his SEMBA teaching. A�er working in �nance in NYC, Mike joined Keurig Green Mountain and held positions as Vice President of Corporate Social Responsibility and Vice President of Sustainable Innovation from 2004-2014. He holds a Master of Science in Biomimicry from Arizona State, and a Juris Doctor and MBA from Georgetown. Michael also completed the Aspen Institutes First Movers Fellowship Program and the Sustainability Institutes Donella Meadows Sustainability Leadership Fellows Program. Among his current endeav-ors, Mike is a principal of AWEN Ventures and leads development work for startup ventures. He teaches “Sustainable Operations and Green Supply Chains” in the 2016-17 curriculum.

Corine FarewellDr. Corine Farewell is Director of the O�ce of Technology Commercialization at the University of Vermont. In this role, she provides guidance to the academic community on all aspects of protecting and commercializing University innovations. She has a proven record of identifying innovative opportunities and aligning the necessary human and material resources to implement sustainable initiatives, especially in building relationships between the private sector and academia. Corine earned her Bachelor of Science, Doctor of Veterinary Medicine and Master of Business Administration degrees from Cornell University. She has served on the Alumni Association Executive Commi�ee for the Cornell University, College of Veterinary Medicine, the Johnson Graduate School of Management BR Incubator Advisory Board and the campus-wide Cornell Entrepreneurship and Personal Enterprise Program.

S E M B A F A C U L T Y B I O G R A P H I E S

Joe FuscoJoe Fusco is a VP at Casella Waste Systems, Inc, advising the chairman and CEO on organizational and leadership develop-ment, human performance, brand strategy, public a�airs, business and market trends, and corporate communications. He's also a teacher and coach to over 200 mid- and upper-level managers and numerous work teams. He speaks frequently to companies and organizations on leadership development, organizational and problem-solving culture, business and cultural trends, economic development, corporate responsibility and sustainability, and life/work balance. He currently chairs the Vermont Economic Development Strategy steering commi�ee, and is on the Board of Directors for the Women's Profession-al Development Center in Rutland. Joe serves as chair of the 2016-17 SEMBA Advisory Board, and delivers a “Leadership Seminar” throughout 9 months of the 2016-17 curriculum.

Professor Jacobus GeurtsDr. Jac Geurts is a Professor Emeritus of policy and strategy in the Department of Organization Studies at Tilburg University, Netherlands, where he also served as director of the Tilburg Institute for Applied Social Research (IVA). Professor Geurts specializes in the use of gaming/simulations for strategy and policy, and tools used in strategic decision making. His area of applied work focuses on the development of sustainable business practices and technologies, especially in the areas of sustainability, poverty and business (base of the pyramid, BoP), and sustainable health care. Dr. Geurts has held a number of visiting faculty positions, was a Fulbright scholar at the University of Michigan, and has consulted on strategic issues to governments, private companies and not-for-pro�t organizations in Europe, USA and Asia. He teaches “Systems Tools for Sustainability” in the 2016-17 curriculum.

Professor Oliver GoodenoughOliver Goodenough is a Professor of Law at Vermont Law School, and holds positions as a Faculty Associate at �e Berkman Center for Internet and Society at Harvard University, and as an Adjunct Professor at �ayer School of Engineering at Dartmouth College. He is also a Research Fellow of the Gruter Institute for Law and Behavioral Research. His research and writing focuses on the intersection of law, economics, �nance, media, technology, neuroscience and behavioral biology. Professor Goodenough is expert in the impact of digital technology on law, with an emphasis on using the internet to create digital business organizations and to improve the support provided by law for innovation and entrepreneurship. He teaches “Law as a Framework for Entrepreneurial Business” in the 2016-17 curriculum.

S E M B A F A C U L T Y B I O G R A P H I E S

Kevin JonesKevin Jones is a Deputy Director of the Institute for Energy and the Environment at Vermont Law School where he leads Smart Grid and Community Energy projects. He focuses on solutions to energy and environmental policy challenges facing the electric power industry, and co-authored "A Smarter, Greener Grid: Forging Environmental Progress through Smart Energy Policies and Technologies." Working to transform the electric power industry, he has worked as director of power market policy for the Long Island Power Authority and director of energy policy for the city of New York. He received his PhD from Rensselaer Polytechnic Institute’s Lally School of Management and Technology where he conducted research to compare the market-based approach to regulating acid rain in the US to the command and control approach of the European Union. He teaches “Sustainable Energy Technology and Policy” in the 2016-17 curriculum.

Professor Mark LathamMark Latham is a Professor of Law at Vermont Law School. His research focus includes the intersection of business and environmental law, as well as issues under the federal Clean Water Act. Prior to joining the VLS faculty, he was a partner and chair of the environmental practice group at Gardner, Carton, and Douglas (now Drinker, Biddle and Reath) in Chicago and Washington, D.C. In his 15 years of private practice, he served as defense counsel for businesses, municipalities, and individuals in state, federal, civil, and administrative enforcement actions under the Clean Air Act, Clean Water Act, CERCLA, RC�, and EPC�. He teaches “Regulatory Issues for the Entrepreneur” in the 2016-17 curriculum.

Associate Professor Erik MonsenDr. Erik Monsen joined UVM’s Grossman School of Business in August 2014 as an Associate Professor and Steven Grossman Endowed Chair in Entrepreneurship. His career has crossed disciplinary (engineering, management, economics) and geographic (US, Germany, UK) boundaries on his journey from designing be�er aircra� to designing be�er entrepre-neurial organizations. Building on personal experiences as an aerospace engineer and business consultant in American and European aerospace organizations, his mission is to aid technology and research organizations, both public and private, to become more entrepreneurial and create new value for society. He teaches “Cra�ing the Entrepreneurial Business Model” and “Technology Commercialization and Entrepreneurship” in the 2016-17 curriculum.

Professor Thomas NoordewierDr. �omas Noordewier joined the Grossman School of Business at UVM in the Fall of 1990 a�er spending a year as an Assistant Professor at Yale. Prior to Yale he taught at Ohio State University and the University of Wisconsin-Madison. His marketing research includes a focus on Distribution Channels, Procurement and Franchising. �omas is a Fellow at UVM's Gund Institute for Ecological Economics, an interdisciplinary organization with the stated purpose of integrating "natural and social sciences to understand the interactions between people and nature and to help build a sustainable future." He has co-authored a book on customer service, published articles in numerous marketing and management journals, including an article on collaborative environmental planning in river management in the Journal of Environmental Management. He teaches “Marketing Decision Making Under Uncertainty” in the 2016-17 curriculum.

S E M B A F A C U L T Y B I O G R A P H I E S

Joanne PencakJoanne Pencak is a lecturer and consultant specializing in executive education, fraud prevention and internal controls. Her history includes working as a Certi�ed Public Accountant for local �rms and running her own CPA �rm. She obtained her MBA in 2008 from James Madison University. She serves as a member of the advisory board to the Treasurer of the City of Rutland, Vermont, and as the voluntary Chairperson for the Fresh Air Fund. She is also a member of the Sustainable Account-ing Standard Board’s Consumption Industry Working Group, which was formed to shape and in�uence sustainable reporting standards for the Meat, Poultry, Dairy & Fishing & Processed food Industries. She teaches “Financial Accounting for Sustain-able Enterprises” and “Cost Models for the Transformational Enterprise” in the 2016-17 curriculum.

Professor Taylor RickettsDr. Taylor Ricke�s is the Gund Professor and Director of the Gund Institute for Ecological Economics at UVM. Taylor integrates natural and social sciences to address scienti�c questions and real-world conservation problems in an increasingly crowded, changing world. His recent work has focused on the economic bene�ts provided to people by forests, wetlands, reefs, and other natural areas. He is co-founder of the Natural Capital Project was a Convening Lead Author for the Millennium Ecosystem Assessment, a 5-year, UN-sponsored e�ort to assess global ecosystems and their contributions to human wellbeing. Taylor led World Wildlife Fund's Conservation Science Program for nine years, and is a Senior Fellow at WWF. He has authored over 70 scienti�c publications, and �ompson-Reuters has named him one of the world's most cited and in�uential scientists. Taylor received his Ph.D. in Biological Sciences at Stanford University. He co-teaches “World Challenges: Physical and Social Realities” in the 2016-17 curriculum.

Professor Chuck SchnitzleinDr. Schnitzlein earned his Ph.D. in Finance from Washington University and joined UVM in 2014 as the Steven Grossman Endowed Chair in Finance in the Grossman School of Business. Chuck has long believed that government action alone will not be su�cient to address the environmental challenges that confront the world and was thus excited to join the only U.S. School of Business that has sustainability as a core value and strategic focus. Before joining UVM, he held faculty positions at the University of Arizona, the University of Miami, and the University of Central Florida where he was the doctoral program coordinator, a member of the Investment Commi�ee for the UCF’s Foundation, and advisor to the investment commi�ee of a large philanthropy. He has published his work in top �nance journals, and teaches “Finance for Innovators” in the 2016-17 curriculum.

Professor Pramodita SharmaDr. PramoDITA Sharma is the Sanders Professor for Family Business at the Grossman School of Business. Prior to joining UVM in 2011, she was the CIBC Distinguished Professor of Family Business at the John Molson School of Business, Concordia University. Dita is a visiting scholar and Academic Director of the Global Successful Transgenerational Entrepre-neurship Practices (STEP) project at Babson College. Her research on succession processes, governance, innovation, next generation issues and the unique dynamics underlying family �rms has been honored with several prestigious international awards and two honorary doctorates. Dita is Editor of the highly ranked Family Business Review, and her most recent book is titled, “Entrepreneurs in Every Generation: How Successful Family Business Develop their Next Leaders.” She teaches “Entrepreneurial Leadership and Mindset” and “Entrepreneurial Family Business” in the 2016-17 curriculum.

S E M B A F A C U L T Y B I O G R A P H I E S

Laura AsialaVice President, Client Relations & Public A�airsPYXE� Global

Joey BergsteinCMO and General ManagerSeventh Generation

Je� BernickePresident and CEONativeEnergy

Valeria BudinichGlobal Leadership Group MemberAshoka Innovators for the Public

Carolyn CookeDirector of Sales and MarketingAllEarth Renewables

Cairn CrossManaging DirectorFresh Tracks Capital

Nick DonowitzChief Operating O�cerTHINKmd

Don Droppo Jr.President & Chief Executive O�cerCurtis Packaging

Robert FrelingExecutive DirectorSolar Electric Light Fund

Joe Fusco*Vice PresidentCasella Waste Systems, Inc.

John GardnerVice President, Human ResourcesNovelis

Al HammondPresidentAllen L. Hammond & Associates

Claudia Harner-JaySenior Program O�cerPATH

Amit KapoorPresident and CEOIndian Council on Competitiveness

Ali KenneyDirector of Global SustainabilityBurton Snowboards

Shad KhanSenior ManagerEY

Jonathon KochManaging DirectorUS Renewables

Andy ManganExecutive DirectorUS Business Council for Sustainable Development

Erin MeezanVice President of SustainabilityInterface

Rob MichalakGlobal Director of Social MissionBen & Jerry's

Hinda MillerPresidentDeforest Concepts

Robert MillerCEOVSECU

Robert MorierManaging Director, Head of North AmericaGlobal Evolution

Monique OxenderChief Sustainability O�cerKeurig Green Mountain

Dean Sanjay SharmaDr. Sanjay Sharma was appointed dean of the Grossman School of Business at UVM in 2011. His private sector background includes 16 years of senior management experience with international corporations, and he has over a decade of proven leadership within higher education. A 2001-2002 Fulbright Scholar, Dean Sharma has won several research grants and has expertise in corporate environmental strategy, corporate sustainability, competitive strategy, stakeholder engagement and organizational innovation. His research has been widely published in top management journals including Academy of Management Review, Academy of Management Journal, Academy of Management Executive, Strategic Management Journal, and Journal of Marketing, among others. He has co-edited and wri�en seven books on corporate environmental management and sustainability. He co-teaches “World Challenges: Physical and Social Realities” in the 2016-17 curriculum.

Dr. Prem TimsinaDr. Prem Timsina brings a broad range of experience in the �eld of nonpro�t management, social-entrepreneurship and sustainable community development to his teaching. He currently teaches sustainable development and leadership and management courses at UVM and Saint Michael’s College, and has taught management, �nance and accounting courses at Tribhuwan University in Nepal. Prem has served as a project executive with two major international community develop-ment organizations (Plan International Nepal and Danish International Cooperation), and has participated in project design, strategic planning, implementation, supervision, monitoring, and evaluation of various community development projects. He executed various income generation, micro-�nance and women empowerment projects including democracy, social justice, and human rights, integrating the projects with literacy, health and sanitation programs. He teaches “Business, Communities, and Sustainability” in the 2016-17 curriculum.

Professor Richard Vanden BerghDr. Richard Vanden Bergh joined UVM in 2000. Prior to the University of Vermont, he worked in corporate banking and investment banking specializing in highly leveraged transactions. He graduated from the University of California at Berkeley, where he completed his Ph.D. in Business and Public Policy. He also earned an MBA from Berkeley and a BA from Swarth-more College. Dr. Vanden Bergh's current areas of research include: �rm strategy in the political environment; design of regulatory, political and judicial institutions. Dr. Vanden Bergh's research has been published in the Academy of Manage-ment Journal, the Academy of Management Perspectives, the Academy of Management Review, the Journal of Law & Economics, the Journal of Law, Economics, & Organization, the Journal of Economic Behavior & Organization, Public Choice, and the Strategic Management Journal. He teaches “Business Economics” and “Business Sustainability and Public Policy” in the 2016-17 curriculum.

S E M B A F A C U L T Y B I O G R A P H I E SS E M B A F A C U L T Y B I O G R A P H I E S

BURLINGTON

TRAVEL BTV flies direct to Atlanta, NYC, Chicago, Washington DC, Philadelphia, Toronto and more.

MUSIC BTV is a small city with a big music scene of local and national acts.

DRINKS Some of the best craft breweries and small batch distilleries anywhere. More breweries per capita than any other state and fourteen distilleries.

RESTAURANTS BTV is at the epicenter of local food movement and boasts some of the best restaurants in the country.

�e University of Vermont is located in Burlington, VT, a small but culturally vibrant and picturesque city that sits on the east side of Lake Champlain with the Green Mountains to the east and the Adirondack Mountains across the lake to the west. Burlington was recently ranked #1 by A&E Television on a list of the 10 cities that “have it all.” In the past, Burlington has received accolades that include being named to the “healthiest US city” list and appearing on Outdoor Magazine’s “best towns” listing. Interested candidates are encouraged to visit the City of Burlington homepage at: h�p://www.burlingtonvt.gov/and the Lake Champlain Regional Chamber of Commerce homepage at: h�p://www.vermont.org/

HOUSING�ere are many housing options in and around Burlington, VT. Besides the newspapers (sevendaysVT.com and BurlingtonFree Press) and Craigslist, here are some other options about nearby apartment complexes that provide housing for manyUVM graduate students. It will be easy for you to �nd something that �ts your needs and life style. Get excited aboutyour search!

FORT ETHAN ALLEN APARTMENTSEssex, VT 05451 | reslife.uvm.edu

PROS: Serves UVM graduate students, washer and dryer hook-ups, close to campusCONS: Limited bus service, buildings are older

REDSTONE LOFTS165 Davis Rd, Burlington, VT 05401 | redstonelo�s.com

PROS: On Campus; Gym access; Heat, water, wireless internet, cable TV, trash, and furniture includedCONS: Relatively far from downtown (still walking distance), expensive parking

REDSTONE APARTMENTS500 South Prospect St., Burlington, VT 05401 | redstonevt.com

PROS: Close to Campus, Shu�le access to campus, Internet, hot water, heat included, Fully FurnishedCONS: Relatively far from downtown (still walking distance), Additional parking free, Coin-operated laundry (on-site)

OFF-CAMPUS HOUSINGBurlington, VT Area | o�campushousing.uvm.edu

PROS: Ability to select housing based on personal speci�cations, up-to-date listings, variety of living situationsCONS: Individual landlords, unique pros/cons may apply per individual listing

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