Hej Scandinavia, Tai and Adrineh here!

This is us!

We currently finished our first year of MBA program at Chapman University. Neither of us have traveled to Northern Europe before and are extremely excited to gain this new cultural experience and to be able to share it with you guys.

We are so excited for this Scandinavian business class to Finland, Sweden, Estonia, and Denmark. We will be visiting different companies based in Northern Europe and will be comparing the different culture aspects within the corporate culture in Scandinavia versus the corporate culture in the United States. Some companies we will be touching base on are Nordea, Kuias Accelerator, and Ericsson. Based on what we know, Scandinavian countries have been representative of the ideal utopian society in that their citizens receive free healthcare, free education in college, safety retirement, and lengthy paid working vacation.

Based on what we have learned, we have decided to focus on sustainability and technology.  This is a competitive advantage for businesses in Scandinavia. Technology in the Nordic region is increasingly more prominent; therefore, we are looking forward to visiting these companies and learning more about their practices.

Furthermore, we recently have learned people in the Nordic regions believe in environment, competitiveness and happiness. Based on the reading in the following article “Changing world happiness” Table 2 shows the regression to explain the average happiness across various countries. Out of all the countries we will be visiting on this table it showed Finland was number one in satisfaction and happiness. Second, came Denmark, Sweden seventh, Estonia was last being the fifty fifth on the list. We look forward to meeting with a number of companies based in these regions, and being able to compare and contrast what is it that makes life satisfaction a lot higher in these particular countries.

Finally, after meeting with each of these companies we will further discuss how they each remain sustainable in a competitive environment. It may be a common misconception to believe that being sustainable may lead to higher costs; however, the advancements in technology have allowed businesses to maximize profits while being sustainable. We are excited to share this with you guys in our future blog posts!



Vi ses snart!  Kärlek!

Hey! Hei! Hej!

Meet the Team!

LAX, Scandinavia we are ready for you!

My name is Theresa Keh, and I am in the full-time Professional MBA program at Chapman University. I graduated from the University of California, Riverside back in 2013 with an Economics degree. I just finished up my first internship this past spring as a tax intern at White Nelson Diehl Evans.  I’ve never studied abroad before so I am super excited to be joining this travel course with my fabulous cohort! I look forward to experiencing the culture in Scandinavia and learning about the differences in business practices here compared to the U.S. 

Hi I’m Jenna Tarin and I have just completed my first year in the Chapman Professional MBA program. I completed my undergraduate degree at Chapman in Communication Studies and have been learning a lot about business and competitive advantage. This will be my first trip to Scandinavia and my third trip to Europe. I am excited to experience the culture and understand business in a global perspective. Business in the US is very competitive and I’m interested to see if there are any major differences in Scandinavia.

Going Forward!

The underlying concept of our MBA courses thus far often refers back to Porter’s Five Competitive Forces. Porter’s Five Competitive Forces helps companies shape strategy and establish their competitive advantage in their market. 

The forces that shape competition are as follows:

  • Threat of New Entrants — Depending on the industry, barriers to entry for new entrants to the market may be high. This means that start up costs are higher but they may have less competitors. If the barriers to entry are low, the industry may be saturated.
  • Power of Suppliers — This explains the influence that suppliers have on other companies by raising prices, lowering quality, or reducing the number available products. When there are a low number of suppliers in that space, they have more leverage in that industry. 
  • Power of Buyers — This explains the power that consumers have on businesses in regards to driving price and demand of products or services. Demand is ultimately reliant on consumers. 
  • Threat of Substitutes — Companies face risk when substitutes become available because consumers have alternative(s) to purchase, affecting profitability. 
  • Rivalry Among Existing Competitors — Rivalry is dependent on the intensity and basis on how companies are competing. Some factors that increase rivalry among firms include: large number of firms, slowed industry growth, high fixed costs, and high exit barriers. Increased rivalry brings that industry to closer to “perfect competition.”

During our trip we will be visiting a number of businesses in Finland, Estonia, Sweden, and Denmark; and discussing the competitive advantage of each. We look forward to sharing our experience with you in blog posts to come! 

Dipping in the Baltic Sea @ Löyly Sauna, a MUST do in Helsinki!


Team Kricket

Richard Lobel: Richard Lobel is a first year MBA student with a passion for history and finance. Currently he is working in an investment bank as a securities analyst. For over a decade investing has been his passion and now he finally is developing … [Continue reading]

Business in Scandinavia

Ready for a new business adventure? I am Pilar, an MBA candidate at Chapman University, and I am ready to immerse myself in the business world of Scandinavia. I am intrigued and eager to learn for instance how people from Scandinavian countries … [Continue reading]

The Odyssey to the Great North!

Hej! A little bit about Me My name is John Deirmenjian, and I have just completed my first year at Chapman University's MBA program. I recieved my Bachelor's in European and Middle Eastern History from Bucknell Universty. My hobbies and … [Continue reading]

Meet The Team!

Jacqueline My name is Jacqueline, and I’m currently in Chapman’s Full-Time MBA program. While studying abroad in undergrad, I realized I enjoyed studying Global Business so much that I added Global Studies as a second major. I am extremely excited … [Continue reading]

And We’re Off!

Meet McKenzie! My name is McKenzie and I am a current MBA student at Chapman University. I have a passion for traveling, people, and brand marketing so I am looking forward to obtaining a better understanding of the differences with cultural and … [Continue reading]

Volvo cars where sustainability means caring and consideration

Volvo is one of the safest car brand in the market, which cares for the people and the environment we are living in. The sustainability program in Volvo is called "Omtanke", which means caring and consideration in Swedish. Volvo wants to protect what … [Continue reading]

Bonus: Gothenberg Cultural Experience

Having done my undergrad at Chapman as well, I was a very active member of Alpha Kappa Psi, the co-ed business fraternity on campus. This experience led me to meet brothers from all majors, backgrounds, and places. Three years out from his … [Continue reading]

Copenhagen

Catching a train from Gothenburg, our final leg of this trip landed us in Denmark! Aquaporin,  a global water technology company dedicated to revolutionizing water purification through the use of industrial biotechnological techniques and thinking, … [Continue reading]