The Elms College team consisiting of Josh Dinoto, Demitri Tessier, Hannah O'Brien, and Connor O'Grady took second place at the IACBE case study competition. 

IACBE2014

Josh Dinoto '15, Dimitri Tessier '17, and Hannah O'Brien '15, in the Alumnae Library Theatre.

From the Classroom to the Boardroom

The Elms College team of Josh Dinoto, Demitri Tessier, Hannah O'Brien, and Connor O'Grady presented before a panel of judges, garnering second place honors at the 2014 regional IACBE case study competition.

The business case required the students to analyze the ethical implications of Chiquita Brands International and its practice of paying extremist paramilitary groups in Colombia for protection in their banana harvesting zones from 1997 to 2004, which violates the Patriot Act by giving aid to terrorist organizations.

"There were many cases but this one really jumped out at us. It did a good job of looking at both sides of an ethical issue," said Josh, an English major and business minor.

The team analyzed the case through the lenses of utilitarianism, corporate social responsibility, legality, and cost-benefit analysis. They argued that the company was acting irresponsibly by sacrificing their long-term value for a short-term profit.

"When we first researched the history of Chiquita we were determined that they were the bad guy. But the more we looked, the more we realized that they were put in a difficult situation," Josh said. 

The IACBE is one of the best opportunities for students to put their research and analytical skills into practice. Each year, the winner becomes eligible to compete at the national competition.

Teams from Elms College, Wentworth Institute of Technology and Springfield College competed.