At Instituto de Empresa, Tuck students learn about doing business in the E.U.
FOR IMMEDIATE RELEASE - March 19, 2007
CONTACT: Kim Keating - 603-646-2733
Hanover, N.H.—This month, a group of MBA students from the Tuck School of Business at Dartmouth attended the Instituto de Empresa (IE) Business School in Madrid for a program on Doing Business in the European Union (E.U.). The one-week academic program focused on Spain's economic and political environment, and was complemented by visits to leading Spanish multinationals BBVA and Iberia. This fall, Tuck will offer a similar program for IE students which will address U.S. business trends. These transatlantic modules build on the institutional collaboration IE and Tuck have maintained since 2004.
The program offered insights into the work of E.U. institutions and the challenges of economic and political integration in an enlarged Europe. It familiarized participants with key factors underlying the transformation of the Spanish economy since the early 1970s, and addressed wider issues relating to companies doing business in E.U. countries. Discussion revolved around higher taxes, a more strictly regulated environment than the U.S. (particularly in the labor market), and the impact these factors produce in terms of different attitudes and a different working environment than found in the U.S.
Tuck students were given the opportunity to discuss these issues with top executives at Spanish banking giant BBVA and the flagship Spanish airline Iberia. With the recent takeover of the Compass banking group in the U.S. by BBVA, discussion focused on international expansion and the related success factors behind this strategy. Ignacio de Torres, director of finance at Iberia, presented in great depth their strategy for risk management and procurement of key resources including jet fuel.
Founded in 1900, Tuck is the first graduate school of management and consistently ranks among the top business schools worldwide.
Tuck remains distinctive among the world's great business schools by combining human scale with global reach, rigorous coursework with experiences requiring teamwork, and valued traditions with innovation.
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