Life with meaning.
That’s the literal translation of 生意 (sheng-yi), the Chinese word for business.
And that’s our approach to teaching business management as a liberal art.
We engage students. You’ll share ideas with classmates, work closely with expert faculty, and get your hands on real-world tools like SAP (all our majors learn how to use it). You can invest a half million dollars in socially responsible businesses in the Brown Advisory Student-Managed Investment Fund. And you can learn how to build your own business from the ground up.
It’s your dream, and we want you to dream big. Pictured below are our 2019 graduates at our second annual Business Management Senior Capstone Experience Poster Exhibition… all of these students reached the finish line and have done amazing things while attending Washington College. Will you be next to follow in their footsteps?
|Our grads||Global business||In the classroom|
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What we're reading
- <div class="lw_blurbs_body"><p><img width="120" height="181" alt="" src="/live/image/gid/12/width/120/height/181/15167_the-intelligent-investor.rev.1454361683.jpg" class="lw_image lw_image15167 lw_align_left" srcset="/live/image/scale/2x/gid/12/width/120/height/181/15167_the-intelligent-investor.rev.1454361683.jpg 2x" data-max-w="332" data-max-h="500"/>Benjamin Graham, <em><a href="http://www.amazon.com/The-Intelligent-Investor-Rev-ebook/dp/B000FC12C8/ref=tmm_kin_title_0" target="_blank">The Intelligent Investor</a></em> (1949; revised in 2003 with commentary by Jason Zweig).</p><p> How can you make money in the stock market? In this classic book Benjamin Graham lays out his key idea: “value investing.” Warren Buffett, America’s most famous and revered billionaire investor, was inspired by Graham’s ideas, and called <em>The Intelligent Investor</em> “by far the best book on investing ever written.”</p><p> By focusing on fundamentals and resisting the urge to buy and sell at every market fluctuation, Graham argues, the intelligent investor can minimize risk and maximize long-term gain.</p><p> It worked for Warren Buffett and countless other investors in the six decades since Graham’s book first came out. It probably stil has some wisdom left for you.</p></div>
- <div class="lw_blurbs_body"><p> Susan Cain, <a href="http://www.amazon.com/Quiet-Power-Introverts-World-Talking/dp/0307352153/ref=tmm_pap_title_0?ie=UTF8&qid=1361812136&sr=1-1" target="_blank"><em>Quiet: The Power of Introverts in a World That Can’t Stop Talking</em></a> (Broadway, 2013).</p><p> In this celebrated best-seller, Cain takes a look at the undervalued introvert, and what value ‘quiet’ individuals provide to organizations. “<em>Quiet</em>,” according to a review in <em>Fortune</em>, <em>“</em>should interest anyone who cares about how people think, work, and get along, or wonders why the guy in the next cubicle acts that way. It should be required reading for introverts (or their parents) who could use a boost to their self-esteem.”</p></div>
- <div class="lw_blurbs_body"><p><img width="133" height="199" alt="" src="/live/image/gid/12/width/133/height/199/42535_brynjolfsson-book.rev.1454387389.jpg" class="lw_image lw_image42535 lw_align_left" srcset="/live/image/scale/2x/gid/12/width/133/height/199/42535_brynjolfsson-book.rev.1454387389.jpg 2x, /live/image/scale/3x/gid/12/width/133/height/199/42535_brynjolfsson-book.rev.1454387389.jpg 3x" data-max-w="1001" data-max-h="1500"/>Erik Brynjolfsson and Andrew McAfee, <em><a href="http://www.amazon.com/Race-Against-Machine-Accelerating-Productivity/dp/0984725113/ref=tmm_pap_title_0">Race Against the Machine: How the Digital Revolution is Accelerating Innovation, Driving Productivity, and Irreversibly Transforming Employment and the Economy</a></em> (Digital Frontier Press, 2012) </p><p> Brynjolffson and McAfee, professors at MIT’s Sloan School of Management, argue that the pace of technological innovation is increasing, and explore the challenges this poses to the future of jobs and the economy. </p></div>
- <div class="lw_blurbs_body"><p class="parseasinTitle"> Steven Schussler, <a href="http://www.amazon.com/Its-Jungle-There-Inspiring-Entrepreneurial/dp/1402792778/ref=tmm_pap_title_0?ie=UTF8&qid=1361811472&sr=1-1" target="_blank">It’s a Jungle in There: Inspiring Lessons, Hard-Won Insights, and Other Acts of Entrepreneurial Daring</a> (Union Square Press, 2010). </p><p class="parseasinTitle"><img width="124" height="152" alt="" src="/live/image/gid/12/width/124/height/152/22952_its-a-jungle-in-there1.rev.1454367501.jpg" class="lw_image lw_image22952 lw_align_left" data-max-w="247" data-max-h="301"/>Schussler, the founder of Rainforest Café, offers an entertaining, winning guide to his own experiences as an entrepreneur on a shoestring. As a young man building his business, Schussler was never afraid to take a chance, even if it might mean making a fool of himself.</p><p class="parseasinTitle"> </p></div>
- <div class="lw_blurbs_body"><p><img width="111" height="173" alt="" src="/live/image/gid/12/width/111/height/173/42589_stanley_and_danko.rev.1454387442.jpeg" class="lw_image lw_image42589 lw_align_left" srcset="/live/image/scale/2x/gid/12/width/111/height/173/42589_stanley_and_danko.rev.1454387442.jpeg 2x" data-max-w="222" data-max-h="346"/>Thomas Stanley and William Danko, <em><a href="http://www.amazon.com/Millionaire-Next-Door-Thomas-Stanley/dp/0671015206">The Millionaire Next Door</a></em> (first published in 1996).</p><p> Professor Terry Scout recommends this book as one of the best life lessons young people should absorb: become wealthy by the choices you make, including living frugally and avoiding debt. He says the book calls to mind the immortal advice from Charles Dickens’ character Mr. Micawber (from <em>David Copperfield</em>): “Annual income twenty pounds, annual expenditure nineteen [pounds] nineteen [shillings] and six [pence], result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery.”</p><p> Based on extensive interviews, Stanley and Danko conclude that wealth in America is usually “the result of hard work, diligent savings, and living below your means.” It’s an old lesson, well understood by many successful people—and it will be the foundation for many future millionaires, too.</p></div>
- <div class="lw_blurbs_body"><p><img width="130" height="196" alt="" src="/live/image/gid/12/width/130/height/196/42533_piketty.rev.1454387389.jpeg" class="lw_image lw_image42533 lw_align_left" data-max-w="230" data-max-h="346"/>Thomas Piketty, <a href="http://www.amazon.com/Capital-Twenty-First-Century-Thomas-Piketty/dp/067443000X"><em>Capital in the Twenty-First Century</em></a> (Belknap, 2014).</p><p> In this best-selling work, French economist Thomas Piketty argues that the 21st century is seeing a return to ‘patrimonial capitalism,’ the concentration of wealth, income, and power in the hands of a small group of super-wealthy individuals and families.</p></div>
- <div class="lw_blurbs_body"><p><img width="183" height="275" alt="Navarro, What Everybody Is Saying" src="/live/image/gid/12/width/183/height/275/82264_Navarro_what_everybody_is_saying.rev.1543595741.jpg" class="lw_image lw_image82264 lw_align_left lw_column_width_half" data-max-w="332" data-max-h="499"/>Joe Navarro, <a href="https://www.amazon.com/What-Every-Body-Saying-Speed-Reading/dp/0061438294" target="_blank" rel="noopener noreferrer">What Everybody is Saying: An Ex-FBI Agent’s Guide to Speed-Reading People</a> (William Morrow, 2008). Why would accounting professor Lansing Williams recommend a book on how to read people’s body language and nonverbal cues?</p><p> “Because accounting isn’t just bookkeeping. Anytime you’re certifying—and putting your name on—other people’s financial statements, you’re putting your credibility and ethics on the line. You need to be able to read people, not just documents.”</p></div>
- <div class="lw_blurbs_body"><p><img width="139" height="204" alt="" src="/live/image/gid/12/width/139/height/204/16059_crescentandstar.rev.1454362080.jpg" class="lw_image lw_image16059 lw_align_left" data-max-w="139" data-max-h="204"/>Stephen Kinzer, <em><a href="http://www.amazon.com/Crescent-Star-Turkey-Between-Worlds/dp/0374531404/ref=pd_sim_b_6" target="_blank">Crescent and Star: Turkey Between Two Worlds</a></em> (Farrar, Straus and Giroux, 2008).</p><p> Kinzer, former New York Times Istanbul bureau chief, presents a concise history of modern Turkey without hiding his passion and love for the country. Turkey, situated at the crossroads of Europe and Asia, sits symbolically between two worlds–a modern, westernized world of markets and democracy, and a traditional world of faith and authoritarianism.</p><p> Kinzer vividly relates Turkey history, from Kemal Ataterk to contemporary challenges including militarism, women’s rights, Islamic fundamentalism, and the ongoing challenge of the place of the Kurdish minority in Turkey.</p></div>
- <div class="lw_blurbs_body"><p> </p><p><img width="183" height="276" alt="Akerloff and Shiller, Phishing for Phools: The Economics of Manipulation and Deception" src="/live/image/gid/12/width/183/height/276/82263_phishing_for_phools.rev.1543594805.jpg" class="lw_image lw_image82263 lw_align_left lw_column_width_half" data-max-w="183" data-max-h="276"/>George A. Akerlof and Robert J. Shiller, <em><a href="https://www.amazon.com/Phishing-Phools-Economics-Manipulation-Deception/dp/1522635009" target="_blank" rel="noopener noreferrer">Phishing for Phools: The Economics of Manipulation and Deception</a> </em>(Princeton University Press, 2015). Akerlof and Shiller, two Nobel laureates in Economics, challenge the central tenet of capitalist thought—that free markets tend toward optimal outcomes. Classical economic theory assumes that buyers and sellers have ‘perfect’ information.</p><p> But, drawing on the behavioral economics revolution, Akerlof and Shiller argue that markets are filled with traps for unwary consumers.</p></div>
- <div class="lw_blurbs_body"><p><img width="110" height="173" alt="" src="/live/image/gid/12/width/110/height/173/42586_sutton-and-rao.rev.1454387441.jpeg" class="lw_image lw_image42586 lw_align_left" srcset="/live/image/scale/2x/gid/12/width/110/height/173/42586_sutton-and-rao.rev.1454387441.jpeg 2x" data-max-w="220" data-max-h="346"/>Sutton and Rao, <em><a href="http://www.amazon.com/Scaling-Up-Excellence-Getting-Settling/dp/0385347022">Scaling Up Excellence: Getting to More Without Settling for Less</a></em> (Crown Business, 2014).</p><p> Stanford professors Sutton and Rao explore how organizations can take good ideas practices—“pockets of exemplary performance”—and ‘scale’ them: expand their reach across the entire organization. Based on extensive research from many different industries, Sutton and Rao present a concise, clear framework for “spreading excellence” within a company.</p></div>
- <div class="lw_blurbs_body"><p><em><a href="http://www.amazon.com/The-Experience-Economy-Theater-Business/dp/0875848192"><img width="210" height="300" alt="" src="/live/image/gid/12/width/210/height/300/33978_experience-economy.rev.1454379076.jpg" class="lw_image lw_image33978 lw_align_left" data-max-w="210" data-max-h="300"/></a></em></p><p> B. Joseph Pine II and James H. Gilmore, <a href="http://www.amazon.com/The-Experience-Economy-Theater-Business/dp/0875848192">The Experience Economy: Work Is Theater & Every Business a Stage</a> (Harvard Business School Press, 1999).</p><p> Terry Scout: Pine and Gilmore’s main point in this classic book is that people want experiences rather than goods and services. Companies excel by providing compelling experiences for customers. Apple Stores with the genius bar are an experience. (They really are. I love to go to an Apple Store.) </p><p><em>Required for BUS 202 Marketing, 2013-14.</em></p></div>
- <div class="lw_blurbs_body"><p><img width="125" height="190" alt="" src="/live/image/gid/12/width/125/height/190/15212_aristotle-gm.rev.1454361715.jpeg" class="lw_image lw_image15212 lw_align_left" data-max-w="175" data-max-h="265"/>Tom Morris, <em><a href="http://www.amazon.com/If-Aristotle-Ran-General-Motors/dp/0805052534/ref=sr_1_1?s=books&ie=UTF8&qid=1351713495&sr=1-1&keywords=if+aristotle+ran+general+motors" target="_blank">If Aristotle Ran General Motors</a></em> (Holt, 1997).</p><p> In this book about philosophy and business, Morris argues that ancient philosophy has a lot to teach us about modern life and work. </p><p> “If we let the great philosophers guide our thinking,” Morris says, “… we put ourselves in the very best position to move towards genuine excellence, true prosperity, and deeply satisfying success in our businesses, our families, and our lives.”</p></div>
- <div class="lw_blurbs_body"><p><img width="161" height="209" alt="" src="/live/image/gid/12/width/161/height/209/20539_turner-book.rev.1454365253.jpg" class="lw_image lw_image20539 lw_align_left" data-max-w="161" data-max-h="209"/>Adair Turner, <em><a href="http://www.amazon.com/Economics-After-Crisis-Objectives-Lectures/dp/026201744X/ref=pd_sim_b_11" target="_blank">Economics After the Crisis</a></em> (MIT Press, 2012).</p><p> The financial crisis of 2008 continues to roil the global economy. Turner, Britain’s chief financial regulator, argues that what is needed to restore sustained growth is a rethinking of the basic premises of economics and financial regulation.</p><p> For the last generation, Turner says, economic policymaking has been driven by the so-called Washington Consensus: that markets are efficient, that economic actors are rational in pursuit of their own self-interest, and that inequality is an inescapable consequence of the necessary pursuit of economic growth.</p><p> These simplifying assumptions certainly make for elegant mathematical models. But Turner argues that they simply don’t do a good job mapping the real world.</p><p> What are the consequences when the assumptions and the real world diverge? And what should we do now to rebuild the global economy? Turner’s book will inspire hard thinking about these big questions.</p></div>
- <div class="lw_blurbs_body"><p><img width="120" height="179" alt="" src="/live/image/gid/12/width/120/height/179/15265_benfranklin.rev.1454361748.jpg" class="lw_image lw_image15265 lw_align_left" srcset="/live/image/scale/2x/gid/12/width/120/height/179/15265_benfranklin.rev.1454361748.jpg 2x" data-max-w="319" data-max-h="475"/>Walter Isaacson, <em><a href="http://www.amazon.com/Benjamin-Franklin-American-Walter-Isaacson/dp/074325807X/ref=sr_1_2?s=books&ie=UTF8&qid=1351776110&sr=1-2&keywords=ben+franklin" target="_blank">Benjamin Franklin: An American Life</a></em> (Simon & Schuster, 2004).</p><p> Inventor, diplomat, statesman, scientist, Founding Father–and entrepreneur. Benjamin Franklin helped invent the quintessentially American notion of the entrepreneur, the enterprising individual who recognizes opportunities, takes risks, and earns great success.</p><p> Isaacson traces Franklin’s story from his start as a printer’s apprentice to his success as a publisher and journalist, to his even greater public career in diplomacy and the American founding. He shows that while Franklin may have ended up a distinguished statesman and beloved figure, he kept to the end his entrepreneurial interest in new ideas, new opportunities, and new enterprises.</p></div>
- <div class="lw_blurbs_body"><p><img width="120" height="183" alt="" src="/live/image/gid/12/width/120/height/183/15168_why-smart-people.rev.1454361683.jpg" class="lw_image lw_image15168 lw_align_left" srcset="/live/image/scale/2x/gid/12/width/120/height/183/15168_why-smart-people.rev.1454361683.jpg 2x, /live/image/scale/3x/gid/12/width/120/height/183/15168_why-smart-people.rev.1454361683.jpg 3x" data-max-w="421" data-max-h="640"/>Gary Belsky and Thomas Gilovich, <em><a href="http://www.amazon.com/Smart-People-Money-Mistakes-Correct/dp/B00150D6KU/ref=sr_1_2?ie=UTF8&qid=1351551791&sr=8-2&keywords=why+smart+people+make+big+money+mistakes" target="_blank">Why Smart People Make Big Money Mistakes And How To Correct Them: Lessons From The New Science Of Behavioral Economics</a></em> (Simon & Schuster, rev. ed. 2010).</p><p> In this entertaining and readable book, Belsky and Gilovich explore how people think about money and financial decisions, and why we sometimes make mistakes. Drawing on the rapidly advancing field of behavioral economics, they explore mistakes like the sunk cost fallacy, the tendency to throw good money after bad.</p><p> No matter how ‘smart’ you are, Belsky and Gilovich will help you avoid making irrational financial decisions.</p></div>
Spanning the Globe
Read perspectives on study—and life—abroad from three Business Management students in the new issue of 4Corners, the Global Education Office’s International Programs Magazine. BUS major Katie Zabel talks about her time in Australia and Scotland, BUS major Lily Britt shares memories of her time in Hong Kong, and BUS minor Evelyn Mantegani remembers her spring semester in Ireland.
A new minor in Arts Management and Entrepreneurship supports students in the creative arts disciplines.
Thanks to a $1 million grant, WC’s Department of Business Management will create the Warehime Fund for Student Excellence in Business, allowing new opportunities for student research, entrepreneurship, professional networking, and other initiatives.
Most people start conversations with a word. Mark Christie starts them with a character, a stage, and questions that aren’t always easy to answer.