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La Trobe Business School

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Careers Fair Success in Bendigo

La Trobe Business School and La Trobe Law School jointly ran a very successful Careers Fair in Bendigo for local students to showcase the employment opportunities available within Bendigo.

The power of alumni

Firms in attendance actively looking for accounting students were MGR Accountants, Lead Advisory, AFS & Associates and Strategem Accountants. These four firms regularly provide internship and graduate employment opportunities to our local students and have done so for many years. The majority of staff representing the firms are alumni of LBS who completed an Accounting Work Placement with the firm, supervised by Dr Kate Ashman. As such, they are very keen to give back to the University whenever possible due to the opportunities they were offered.

Industry Partners attending Careers Fair

It has also become evident that local accounting firms have grown to the point where they are looking for a wider range of potential graduates including marketing and management students. This creates excellent opportunities for all LBS students and their employability. Additionally, Hazeldene’s Chicken Farm Bendigo attended as they were looking for both accounting and marketing students and are a large employer in the region.

Law representatives

Representatives from law firms, the Loddon Campaspe Community Legal Centre and the Magistrates’ Court of Victoria also attended the Fair. They provided information to Law and Criminology students about internship as well as employment opportunities.

Careers Fair Success

“It was a great opportunity for us, to be able to walk straight out of class, and have all these potential employers here for us to talk to.”

LBS student attending the event

The employers were equally pleased with the student attendance and reported to the organisers that it was incredibly valuable for them to attend. La Trobe University´s Careers & Employability Adviser Cris Stanway was available on-site to assist students with their resumes, which proved popular. The Fair was deemed an overwhelming success.

In 2020, the university will look to expand the range of businesses in attendance as there are many more keen to participate.

Students attending Careers Fair

Many thanks to Francine Rochford, Rob Stephenson, Andrew Quek, Myl Duffy and Mel Birch-Inward who provided invaluable assistance in organising and ensuring the smooth running of the day.

LBS students presenting at Industry Day

The subject Experiential Learning Project (BUS3ELP) allows students in Management, Marketing, Tourism, Hospitality and Events to work with companies for 120 hours during the semester in an internship role. At the end of the semester an Industry Day is held when students present their report to their fellow students and their supervisors.

Student Elise McLean worked for Victorian Tourism Industry Council. Her supervisor was Kate Rickwood, who is a La Trobe Business School alumni holding a Bachelor of Business (Tourism and Hospitality).

Student Riana Larosa worked for Backpacker World Travel under the supervision of Chloe Carter.

Below is a group photo of BUS3ELP students and some industry supervisors on the Industry Day.

LBS Innovation Series: World Class Masterclass(es)

This week the LBS/NORTHLink Innovation in Food and Agribusiness Forum (#18IFAF) takes place. There are presentations and key notes by internationally recognised academics and several industry heavyweights such as Allan McCallum, Chair of Cann Group, James Fazzino, former CEO Incitec Pivot, and Andrea Koch from Principle Agtech. In addition, there are three world class masterclasses that you can attend:

  • Kok-Leong (KL) Ong, currently an Associate Professor in Business Analytics at LBS is giving a masterclass in Data Analytics for Food and Agribusiness. The session provides an introduction into how digital technologies like Internet of Things (IoT) devices and the digital supply chain can create opportunities to utilise data to help drive the food and agribusiness industry. KL will talk about the various digital technologies that could be used in the industry, how these technologies can enable data analytics to generate important and timely decision support and provide existing application examples.
  • Alex Maritz is LBS’ Professor of Entrepreneurship and gives a masterclass on Disruptive Lean Business Model Design. The masterclass is on the latest international trends of Innovation in AgTech, and the role of disruptive lean business model design in Agtech Start-ups. Alex will discuss areas of collaboration for impact and how innovations in FinTech are unlocking opportunities in AgTech, coupled with the importance of continual iteration in lean start-up methods.
  • Aniruddha (Ani) Desai, a Research Professor and Director of La Trobe University’s Centre for Technology Infusion, provides a masterclass on Industry 4.0 for Agribusiness. The session will provide an overview of Industry 4.0 and the global trends in advanced manufacturing and automation in context of Agribusiness that are set to transform the industry. Supported by case studies from both large and small scale operations, Ani will focus on technologies that will empower future connected farms and next generation production equipment from automated tractors and machines to farm to fork traceability and logistics technology of the future.

The only downside is that the masterclasses run concurrently – meaning you can only choose one to attend!

World class learning combined with exceptional value for money opportunities like this don’t come along very often. Register now to avoid disappointment: http://bit.ly/LBS_18IFAF.

 

This blog is part of the LBS Innovation Series, developed by Dr Mark Cloney, Professor of Practice in Economics in the La Trobe Business School. The series was developed after the successful National Innovation Forum organised by La Trobe Business School, NORTH Link and Deloitte Consulting P/L in 2017.

More blogs about #18IFAF:

More blogs in the LBS Innovation Series:

LBS alumni receiving the Distinguished Alumni Award

Last week, three La Trobe Business School alumni were honoured with the Distinguished Alumni Award: leading economist, Bronwyn Curtis OBE; ASX 50 business leader, James Fazzino; and co-founder of Thankyou Group, Jarryd Burns.

La Trobe University has only awarded 82 of its 200,000 graduates with this prestigious award that celebrates significant accomplishments that La Trobe graduates have made in their personal and professional lives.

LBS’ 2018 Distinguished Alumni Award recipients

  • Bronwyn Curtis OBE graduated from La Trobe with a Bachelor of Economics. Bronwyn is a leading economist whose career spans both global financial markets and media. She has risen to the top of her field in one of the most competitive financial environments in the world, and was awarded an Order of the British Empire (OBE) for services to Business Economics in the 2008 Queen’s Birthday Honours List. Formerly the Head of Global Research at HSBC, Ms Curtis is now a Non-Executive Director at the UK’s Office of Budget Responsibility, and received an Honorary Doctorate from La Trobe University in 2017.
  • James Fazzino is a respected ASX 50 business leader with an enduring commitment to business sustainability and care for the community. He is the Chair of Manufacturing Australia, a Vice Chancellor’s Fellow at La Trobe University, an Adjunct Professor to the La Trobe Business School, and a member of the University’s Make The Difference Campaign Cabinet. Before leading Australian company Incitec Pivot Ltd into the global market, James secured a Bachelor of Economics from La Trobe.
  • Jarryd Burns was awarded the Young Achiever Award. Jarryd is a recent graduate from LBS, having received his Bachelor of Business/Financial Management in 2010. Jarryd is the co-founder of the Thankyou Group, a social enterprise. In 2008, while still studying at La Trobe University, Jarryd along with friends Daniel Flynn and Justine Flynn launched Thankyou, an organisation that commits 100 per cent of the profit from their consumer products to help end global poverty. Their range includes water and personal care products that fund safe water and toilets and a baby range that funds safe births and healthcare. In ten years, they’ve given over $5.8 million to fund programs for people in need in 20 countries.
LBS congratulates Brownyn, James and Jarryd with their award!

 

Information in this blog was originally published by LTU News 

LBS PhD Candidate Roshan on the benefits of conducting a PhD Industry internship

LBS Newsroom sat down with Roshan Kumar, an LBS PhD candidate who just successfully completed a PhD Industry internship.

Why did you decide to do a PhD Industry Internship?

I want to pursue an industry role after the completion of my PhD and joined this PhD industry Internship to get relevant experience for future roles as a Data Scientist. I wanted to learn relevant concepts, techniques and work with real-world data and problems. Since then, I have been lucky to learn a lot about data analysis and programming techniques in my internship and current role.

What did you have to do to get a PhD Industry Internship?

The idea of a PhD Industry Internship was suggested by my PhD supervisors. I was straight-away interested, so I contacted the Graduate Research School (GRS). The GRS connected me with APR.Intern (Australian Postgraduate Research Intern, formally AMSIIntern).

I had a very nice meeting with the APR.Intern representative and they kindly listened to my experiences, and my expectations regarding the internship. They proposed an internship at Environmental Monitoring Solutions (EMS) and guided me through the application procedure. I made a formal application with my updated resume and they arranged an interview with the organisation.

Did you have to do an official job interview?

Yes. A job interview was scheduled with EMS. I was provided general information regarding the interview, like what to expect, how to dress, etc. Both APR.Intern and GRS helped me a lot in getting prepared. They were available to guide and help at every stage of my internship.

Eventually, I appeared for a half an hour interview, which went well and resulted in me being selected for the internship at Environmental Monitoring Solutions, located at Carrum Downs, Melbourne.

What kind of internship did you do?

The primary objective of my project was to develop algorithms for dynamic reconciliation of fuel in underground storage tanks. I was analysing high-resolution data, identifying the trends and patterns and designing business solutions while considering limitations of data and resources in the project. I managed to achieve all the objectives set for the project well within the allocated time. This resulted in the extension of my contract after which I was offered an employment contract with the organisation.

Congratulations! How did the internship enrich your PhD experience?

My research at LBS is mainly quantitative in nature. This internship provided me with a great opportunity to diversify my experiences with quantitative data-driven work. It has also added to my local industry experience which I hope will be beneficial to my future pursuits. It also provided me a chance to work as a part of a collaborative team and helped me improve my communication skills.

What is your next step going to be career-wise?

Once I finish my PhD, I would like to continue working as a Data Scientist. I intend to keep learning and working on projects involving big data and machine learning. I believe that my past internship and my current role is preparing me well for future challenges in my career.

 

Roshan is a part-time PhD candidate at the La Trobe Business School. His research focuses on knowledge networking in healthcare. Roshan has an undergraduate degree in Engineering, a Masters in Business and loves to create sustainable solutions for responsible businesses. He enjoys working on data science projects, specialising in big data, machine learning and predictive modelling techniques).

Interested in a PhD Industry internship?

A PhD Industry internship is facilitated through APR.Intern and are approximately 4-5 months duration. The internship is paid and focuses on a clearly defined research project within an industry organisation. The organisation can be private sector, government, or not-for-profit. More info about applying for the La Trobe Industry PhD can be found here.

LBS students analysing data for better health outcomes

It’s one success after another for our Department of Accounting and Data Analytics! Besides being ranked in the top 75 universities in the world with our Master of Business Analytics (2019 QS Masters Rankings),  data analytics students made a huge impact during the Bendigo Health Datathon.

Bendigo Health Datathon

The Bendigo Health Datathon was part of the Bendigo Invention & Innovation Festival and organised by Bendigo Health in collaboration with the Department of Health and Human Services (DHHS), La Trobe University, University of Wollongong, Be.Bendigo and Australian New Zealand Intensive Care Society (ANZICS).

Critical Care Recovery

The Datathon brought together teams of clinicians, statisticians, data scientists and administrators to understand and explore the use of secondary healthcare data for better health outcomes. The theme of the Datathon was Critical Care Recovery, with the aim of exploring the health and community outcomes for patients after their journey through the hospital setting.

The participants developed innovative solutions to real problems by applying data analytics and statistical techniques to never-before-combined disparate data sets. The data sets included were:

  • ANZICS Adult Patient Database (APD
  • Victorian Admitted Episodes Dataset (VAED)
  • Victorian Emergency Minimum Dataset (VEMD)
  • Home and Community Care Program (HACC)
  • Victorian Cancer Registry (VCR)
  • Victorian Death Index (VDI)
  • Victorian Integrated Non-Admitted Health (VINAH)
  • Australasian Rehabilitation Outcomes Register (AROC)

LBS success

The students worked in different teams and produced some amazing insights. Besides the opportunity for our students to work alongside clinicians, doctors and health researchers, two of them took out the first and second prize at the Datathon. Congratulations to Mahesh Krishnan and Kriti Chhabra!

 

Find out more about our Master of Business Analytics

Meet our new adjunct professor Stuart Kells

Prize winning author

Most people know Stuart is a successful author. He wrote the critically acclaimed biography of Kay Craddock, Rare, and Penguin and the Lane Brothers (Black Inc.), which won the Ashurst Australian Business Literature Prize. Stuart’s 2017 book The Library: A Catalogue of Wonders (Text) was shortlisted for the NSW Premier’s General History Prize and is being published around the world. He also recently wrote a book with Professor Ian Gow on the history of the ‘Big Four’ accounting and audit firms, published by La Trobe University Press. Stuart’s shorter writings have appeared in a wide range of journals, magazines and newspapers, including The Australian Accounting Review, Economic Record, The Guardian, The Paris Review, The Times of London, The Australian Financial Review, The Australian and National Geographic Traveller Magazine.

Research and industry career

Not everybody might know that before becoming a successful author, Stuart used to be a Research Fellow at the Melbourne Institute of Applied Economic and Social Research at the University of Melbourne and a member of the Centre for Regulatory Studies at Monash University. He also had senior roles in the Victorian Department of Premier and Cabinet, the Victorian Auditor-General’s Office, PPB Advisory and KPMG. He has a PhD from Monash University (for which he received the Monash Law Dean’s Award) and a B.Comm and an M.Comm, both with first class honours, from the University of Melbourne.

Besides becoming LBS’ adjunct professor, Stuart is a member of the Abbotsford Convent Foundation Board and the Audit and Risk Committee of Banyule Council.

Business Newsroom asked Stuart what brings him to LBS:

 

“My research and my books have three things in common. First, they are factual but use techniques from literary fiction, such as storytelling, and experiments with language and structure. I also write across disciplines, such as economics, finance, history, bibliography and cultural studies. Second, they are about nostalgia – for lost or threatened values, professions, institutions and objects. And third, they are irreverent and intent on busting myths.

These emphases align well with the work and mission of the La Trobe Business School and the College of Arts, Social Sciences and Commerce. I’ve collaborated with a wide range of scholars and I’m eager to collaborate with the faculty and students of the School and the College.”

LBS welcomes Stuart on board!

Bringing together top researchers and leading financial industry practitioners

From the 24th until the 26th of September, the 8th Conference on Behavioural Finance and Capital Markets (BFCM) is taking place at LTU’s City Campus. The conference presents state-of-the-art research in the fields of Behavioural Finance, Experimental Finance & Capital Markets/Market Microstructure.

Its beginnings

The conference started in 2011 with the idea of merging together two fields in finance: capital markets and people’s behaviour. On the one hand, capital markets (or market microstructure) is all about how financial markets are functioning, how liquid, how risky as well as how fair and efficient these markets are. On the other hand, financial markets are driven by people’s emotions and behaviour. Behavioural biases are well documented in the literature. Even financially literate people are prompt to cognitive biases. In other words, investors, traders, bankers and lenders all show such biases while making investment decisions under risk. From the outset, the BFCM Conference bought together top academics such as: Pete Kyle, Avanidhar (Subra) Subrahmanyam, Richard Roll, Peter Bossaerts, Ron Masulis, Terrence Hendershott, Stephen Brown and Tarun Chordia (among others) with industry leaders to discuss relevant topics.

Its aim

The conference merges academic research with the applied work of the finance industry. The conference continuously looks to identify new emerging fields of research and supports better cooperation and collaboration among researchers and between academia and industry.

According to Founder of the BFCM Conference & LBS Professor Petko Kalev it comes down to this:

“The research we do should not only have academic value but also practical application that impacts the finance industry and hence our society. This conference makes that happen.”

BFCM Conference in the news

The conference topics are always relevant. This relevance is highlighted by an article that was published this week in the Australian Financial Review. Chanticleer Tony Boyd wrote an article titled “The highs and lows of retail investing” based on an academic paper that is being presented at the BFCM Conference next week.

The article starts with a story on Warren Buffett’s Berkshire Hathaway, buying a big stake in Apple in 2016, when the stock was 10 per cent above its 12-month low. Looking back, the timing was perfect. Apple is now trading about 5 per cent below its record high. The article then discusses the idea that institutional investors often profit at the expense of retail investors who sell at the wrong time. An idea supported by the yet to be released paper by Joshua Della Vedova, Andrew Grant and Joakim Westerholm from the University of Sydney. They found that retail investors often sell at the 52-week high because it is a domain for gains and provides an anchor for the highest past price.

Read the full article by Tony Boyd here.

 

Visit the BFCM Conference website for more information.

Students working together with industry on real-world issues

Every semester, students enrolled in LBS’ Master of Business Information Management and Systems (MBIMS) get the chance to work on live projects for the subject Business Intelligence Project Analysis and Design (BUS5BPD). This semester the students are undertaking a Digital Twin Inspection Tool project for the Australian Marine and Ship Services in collaboration with Deloitte.

What is digital twin technology?

A digital twin is a virtual model of a process, product or service. These ‘digital twins’ are applied to accelerate design, optimise performance and enable predictive maintenance. When delivered effectively, the results are improved product reliability, availability, safety and a reduction in the cost of delivery. Thus, a digital twin could be seen as a bridge between the physical and digital world.

Digital Twin Inspection Tool

Together with Deloitte, a fictional scenario is created; An Australian shipping company is having trouble aligning their digital twin to the physical asset, and they need an improved toolset to enhance their existing audit processes. Even though the Australian shipping company is a fictional company, the HMAS Castlemaine is used as a physical case study. The HMAS Castlemaine is one of the 60 Australian-built Bathurst Class corvettes to serve throughout World War II and is the last such vessel still afloat. The ship provides students with the opportunity to collect data and test their application. Ultimately, students are expected to capture/validate the physical state of the HMAS Castlemaine in a yet to be developed inspection application for Deloitte, compatible with Apple technology.

Students in front of the HMAS Castlemaine

Guest lectures by Deloitte and Apple

Throughout the semester, a series of guest lectures is provided by Deloitte and Apple. These guest lectures help students develop the digital twin inspection tool while using the philosophy of ‘Design Thinking’. Design Thinking is a design methodology that provides a solution-based approach to solving problems. Besides design thinking, these lectures also cover relevant topics such as the digital twins’ concept and designing the  inspection application architecture of digital twins.

Industry-University collaboration

This project is a great example of how university and industry can collaborate to provide students with the opportunity to apply the skills they learn throughout their degree in the real world. Besides developing an actual prototype, this project enhances students’ academic, career, and personal development, increases their understanding of the work place and makes them career ready.

LBS and Deloitte arranged a site visit to the HMAS Castlemaine to give students the opportunity to visualise the challenge.

Does Data Eat Strategy for Breakfast?

Businesses are operating in environments with increasingly large and complex sets of data.  This revolution of data is hitting every industry. Every organisation now has the power to harness large amounts of information that can help inform strategic decisions.

La Trobe University organised a panel discussion among leading industry experts to discuss and explore the synergy between data and strategy, whilst highlighting the importance of developing strategies to become a data-driven organisation.

The panel

  • Phil Bolton: Director at PwC Australia, who also leads the Safety Analytics practice. He has been delivering data analytics projects to businesses across a broad range of industries and countries for over 15 years.
  • Edith Cheng: Head of Digital Marketing & Analytics at Lens10, a digital analytics agency. Starting out in digital marketing, she developed an interest in analytics and specifically custom analytics integrations, which enable organisations to unlock the value of their data in innovative ways.
  • David de Garis: Director in Economics, Markets, Corporate & Institutional Banking at NAB. He is a business and financial markets economist and consults with clients ranging from the Bank’s agribusiness and corporate clients, to institutional clients at home and abroad.
  • James Fazzino: Vice Chancellor’s Fellow at La Trobe University. James is an LBS alumnus and recently concluded a highly successful eight-year term as Chief Executive Officer and Managing Director of Incitec Pivot Limited.

 

Many LBS staff and students as well as people from outside the university attended the insightful event. The evening was opened by Professor Jane Hamilton, Dean and Head of the La Trobe Business School who mentioned that the university is excited to be at the forefront of this data revolution.

Watch the video to see how the panellists discuss questions such as: How do you see data influencing strategic decision making? Which business sectors are ‘doing data’ well? And do you have data influence your strategy, or do you use data for hypothesis testing?

 

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