I
have always thought that if I taught theater I would take my students to see
plays. Theater has to be live to be
fully appreciated. And, if I taught
art, I would lead my students through art museums. Monet and Picasso can only be really
understood when you are looking at the real thing. No book is ever going to be so alive as the
paint on those canvases.
Well,
I teach accounting. How do you open up
the world of business to accounting students?
Nothing in this world could be more alive than what happens each day in
business. Decisions and innovations and
advertising campaigns and take overs occur every day in full view of the
public. Think Wells Fargo right
now. The CEO is having to explain the
company’s action to Congress. To a true
business person, this stuff is better than great fiction. It is alive all around us. The good, the bad, and the ugly.
I want
my students to feel that excitement as they walk into class each day. When business feels alive, the relevance of
accounting becomes a lot more obvious.
For
years, I suggested to my students that they read the Wall Street Journal each day.
That continues to be a great idea but, for a college student, that can come close to overkill. The WSJ has hundreds of
stories, many of which only appeal to people highly experienced in the world of
business. My students are 20 years old
and not 30 years old and there is a big difference in many ways. For college students, reading the WSJ can
become a daily game of hide and seek—trying to find something they can
understand and find relevant.
About
3 semesters ago, I switched my student recommendation to Morning Brew, a morning email
synopsis of the business news of the day that winds up in my email at 6 each morning. I can read for 15 minutes and be ready for a
new day in the world of business. I don’t
remember how I first heard about it but there are several things I like about
Morning Brew as it pertains to my students.
--It
only hits the top stories in a quick fashion but gives links if students want
to read more.
--I
love the fresh and friendly writing style.
This is not stuffy business statistics.
They make business feel exciting.
And, that is something very few business publications manage to
capture. But, that style appeals to younger generation of business students.
--It
was created by a couple of guys while they were still in college. I love the entrepreneurial spirit of young people. Plus, they have a great feel for what will
interest business students.
If
you are interested in subscribing or having your students subscribe, the
website is:
http://www.morningbrewdaily.com/
As a
quick example, here is the first story from this morning’s edition:
“End
of an Era for BlackBerry
...As
it pulls the plug on its ailing smartphone business. Time to get nostalgic. Not
too long ago (think 2011), BlackBerry, once dubbed "CrackBerry,"
reigned supreme in the global smartphone market. The BlackBerry became a status
symbol and sales climbed rapidly, peaking at 52.3 million handsets sold in
2011.
But
then it fell…precipitously. Bested by Apple (shoutout to the OG iPhone in 2007)
and other smartphone giants, BlackBerry hit rock bottom —and boy was it a long
way down. Yesterday, after the company reported a measly 3.2 million handset
sales last quarter, CEO John Chen announced that the Canadian company will stop
making phones altogether, solely focusing on software and security services.
BlackBerry’s game plan is now focused on emphasizing its lower cost, higher
margin businesses, and investors took a liking to it: shares finished up 5%
yesterday.”
That’s
the kind of news that I want my students to think about as they walk into our
Business School. I enjoy it when one of
my students will ask me something like “Were you surprised that Blackberry gave
up on smart phones?” The education
feels alive. We are talking about today
and not 20 years ago.
After I had recommended Morning Brew for a couple of semesters, I actually
met the two guys who started and operate the company. They are only a few months older than my own students. (In the “small world” category, I discovered
that one of my students this semester is good friends with the sister of one of
the founders and that's how I made the connection.) I was in New York City and the founders and I chatted for about 90 minutes in a hotel lobby. What college professor wouldn’t enjoy
talking with two young and ambitious entrepreneurs about their goal of changing the way
people learn about the business world each day?
I read it. I
love it.
Many of my
students read it and seem to enjoy it.
Check
it out.