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2A — Wednesday, January 25, 2017
News
The Michigan Daily — michigandaily.com
The Michigan Daily — michigandaily.com
Business faculty member Ted
London spoke about the need
for private enterprise to develop
solutions on a large scale to tackle
global poverty on Tuesday at
the Ross School of Business. The
talk, which was sponsored by the
Center for Positive Organizations,
drew approximately 150 students,
faculty and locals to the Business
School Colloquium.
London
is
also
the
vice
president of the Scaling Impact
Initiative at the University of
Michigan’s
William
Davidson
Institute
—
an
independent,
nonprofit organization focused on
providing private-sector solutions
in emerging markets — and has
worked on a variety of projects
throughout the developing world.
Having dedicated his life to
researching the pervasiveness of
poverty throughout the planet and
devising solutions for businesses to
tackle these issues, London said he
believes the world cannot simply
donate its way out of poverty.
London believes that global
poverty is the biggest problem
facing the world. He illustrated this
assertion by enlisting the global
socioeconomic pyramid, a visual
representation that divides the
world’s wealth into three tiers: the
“wealthy” at the top, the “emerging
middle class” in the middle and
the “base of the pyramid” at the
bottom. Those at the base of the
pyramid make less than $3,000 per
year while the global “1 percent”
are earners who make more than
$380,000 per year.
“If we don’t solve the poverty
problem, the inequity, honestly,
this is going to be a very ugly
world,” London said. “We cannot
have billions of people on the
outside looking in.”
London envisions a central role
for private enterprise in developing
products
and
businesses,
but
also believes it is important for
businesses to develop solutions
that can be crafted on a scale large
enough to make a significant dent
in eradicating global poverty.
“If you are thinking about
billions of people, scale becomes so
crucial,” London said. “I think we
can solve vexing social problems,
including impoverishment faced
by the world’s poorest citizens, but
we have to deliver results that are
sustainable at scale.”
Business
graduate
student
Anuj Narayanan said he believes
London’s
thoughts
on
how
businesses can create value for the
global poor imbued in him a sense
of how a wide range of industry has
the potential to help lift people out
of poverty.
“Companies can create value for
the bottom of the pyramid, and also
for themselves,” Narayanan said.
“If they can do that at scale, they
can actually bring the majority
of people in the bottom out of
poverty.”
According
to
London,
businesses and corporations
that aim to tackle global
poverty
by
developing
solutions at the necessary scale
must adhere to four principles:
design for success, plan for
scale, manage value creation
and develop partnerships.
Yet, to London, Western
companies and organizations
aiming to develop solutions for
poor populations in Africa and
Asia must enlist locals to tap
into their knowledge of local
customs, politics and business.
Business graduate student
Pranay
Lagadapati,
who
is planning to work at an
energy company in India
after graduation this spring,
said
he
believes
Western
organizations and companies
too often fail to enlist locals
in projects, but locals lack
knowledge of how to develop
businesses and products that
could help alleviate poverty.
The Michigan Daily (ISSN 0745-967) is published Monday through Friday during the fall and winter terms by students at the
University OF Michigan. One copy is available free of charge to all readers. Additional copies may be picked up at the Daily’s office
for $2. Subscriptions for September-April are $225 and year long subscriptions are $250. University affiliates are subject to a
reduced subscription rate. On-campus subscriptions for fall term are $35. Subscriptions must be prepaid. The Michigan Daily is a
member of The Associated Press and The Associated Collegiate Press.
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CAMPUS EVENTS & NOTES
Author’s Forum
WHAT: English Prof. Peter
Ho Davies will read from
and discuss his book, “The
Fortunes,” which recastes the
story of America through the
lives of Chinese Americans.
WHO: Author’s Forum
WHEN: 5:30 p.m. to 7 p.m.
WHERE: Hatcher Graduate
Library, Gallery 100
Work It: A Fashion Forum
WHAT: The second annual Work
It Fashion Forum will host a panel
of professionals in the industry for
those interested in the editorial
and business sides of fashion.
WHO: SHEI Magazine
WHEN: 6 p.m. to 7:30 p.m.
WHERE: Michigan Union,
Pendleton Room
Caroline Maun and Glen
Armstrong
WHAT: Caroline Maun
will present poems from her
collections and Glen Armstrong
will present from his chapbooks.
WHO: Crazy Wisdom Bookstore
WHEN: 7 p.m. to 9:00 p.m.
WHERE: Crazy Wisdom
Bookstore
Yelp Tech Talk
WHAT: Yelp and Michigan
Hackers will present on projects
currently happening on Yelp
for engineers, as well as iOS
continuation for their platform.
WHO: Yelp Engineering
WHEN: 6:30 p.m. to 7:30 p.m.
WHERE: Bob and Betty Beyster
Building, room 1670
Camilo Vergara
WHAT: Camilo Vergara will talk
about his photography collection
about Detroit from more than
three decades, which document
the depopulation, disinvestment
and resilience of the city.
WHO: Taubman College of
Architecture and Urban Planning
WHEN: 7 p.m. to 8 p.m.
WHERE: Literati Bookstore
Mental Health Town Hall
WHAT: In order to improve
mental health resources on
campus, CSG will analyze
survery materials and discuss
new policies and programs
with students, faculty and
administrators.
WHO: Central Student
Government
WHEN: 5 p.m. to 6:30 p.m.
WHERE: Michigan League
Ballroom
Science Cafe
WHAT: History Prof. Dario
Gaggio and Psychology Prof.
Joshua Rabinowitz discuss the
history and social psychology
of nationalist politics from
Mussolini to the “alt-right.”
WHO: Museum of Natural
History
WHEN: 5:30 p.m. to 7:30 p.m.
WHERE: Conor O’Neills
University Symphony
Orchestra
WHAT: The University
Symphony Orchestra will
perform during a live screening
of “The Planets,” a film made by
University of Michigan alum Jose
Francisco Salgado.
WHO: SMTD
WHEN: 8 p.m.
WHERE: Hill Auditorium
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looks like it’s gong to be a
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just have a good day y’all
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I love college because I could
have a meltdown in the
middle of class and nobody
would be judging me. We’re
all going through the same
thing.
Myles
@MylesLambeth
I HAVE BEEN GOING TO
THE WRONG CLASS ALL
SEMESTER
Cantina Taqueria + Bar,
formerly known as BTB Cantina,
is beginning the year with a brand
new look. The nine-year-old bar,
known for its late-night dancing and
Mexican cuisine, revamped its taco
menu and redesigned its interior
space over Winter Break.
Adam Lowenstein and Justin
Herrick, co-owners of Cantina and
five other bars and restaurants, said
the makeover came from a need
to give the dancing space, bar and
restaurant area each their own
identity.
“We felt like we really needed a
refresh,” Lowenstein said. “The idea
was to basically separate BTB from
Cantina.”
To accomplish this, they
brought all the booths into one space
and unified the paint color to make
it look the same.
“Cantina has multiple
identities,” Lowenstein said. “The
whole problem that we have here
is to try and really nail each one of
those identities. It’s a bar at night
and it’s a club; it has that whole
South U kind of drinking aspect to
it. But we have a restaurant too that
operates through lunch and dinner.
So we wanted to make it function
— lunch, happy hour, dinner, late-
night — and really have a smooth
transition throughout the day.”
Lowenstein said the biggest part
of the menu changes was making
seven different kinds of tacos. Over
the summer, Cantina partnered
with chef Magdiale Wolmark, a
two-time James Beard nominee.
“We met up through some
mutual friends,” Lowenstein said.
“We decided to partner up on the
menu. We needed to go above
and beyond. Our whole idea was
bringing in a chef and focusing on
this menu to really nail these flavors
and bring the quality of the food up,
in order to create a destination.”
Their collaboration sought to
shape Cantina’s new identity in
focusing on a handcrafted taco
menu with unique flavors and local
sourcing. Herrick lauded Wolmark’s
background in promoting and
serving local food, and said they
were able to work quickly.
“(Wolmark) brings the whole
farm to table ethos to the menu,”
Lowenstein said. “So our sourcing
is local as much as it can be. Really
where we put a lot of our time and
energy was crafting this taco menu.
At Cantina, we’re focusing on tacos,
that’s our goal here. So we really
fleshed out the taco menu.”
The drink menu now features
craft and Mexican beers, as well as
a margarita soda on tap. One feature
the owners are won’t be changing,
though, is the already successful
Taco Tuesday.
“That’s one of our best days
here,” Lowenstein said. “So we
decided to really focus in on that
success and really identify ourselves
as an awesome taco joint.”
Lowenstein said students have
reacted positively to the changes,
especially the new flavors of tacos.
“We feel like it’s a comfortable
space to hang out with a group,”
Lowenstein said. “People don’t give
students enough credit for their
palette and their exposure to cool
trends and cool foods that are out
there. I think people have been
really positive about the changes.”
Lowenstein said though
Cantina is still a bar and a
club, he hopes students will
begin to recognize Cantina as a
restaurant too.
“We have people who don’t
even recognize Cantina as more
than just a bar,” Lowenstein said.
“So hopefully as people get to
understand the breadth of what
we do and try the food, things will
begin to change.”
-KEVIN BIGLIN
ON THE DAILY: CANTINA TO MAKE COMEBACK WITH NEW CHEF
150 gather to hear lecture focused
on business solutions for poverty
Business prof. Ted London illustrates central goals for reducing socioeconomic gap
Read more online at
michigandaily.com