1 D u o m o d i Mil a n o The UC Davis MBA team outside the Duomo di Milano. Ground broke for construction in 1386, and the gothic cathedral took nearly six centuries to complete. Inside, a list of Milan archbishops dates back to the year 50. 2 Ita li a n I nf r a s t r u c t u r e I n s igh t s “As a civil engineer, I was interested in how the everyday designs that makes cities and roads possible are different from what we are used to in the U.S. Milan enjoys a fully formed public transit system, with rich subway, streetcar and bus routes. This may be an advantage of Milan being a very old city. Subway and street cars represent large capital investments, and if the zoning nature of a city changes, these fixed investments may end up in the wrong place.” — MBA student Benjamin F. Nicholson 3 MAK I N G PASTA MBA student Jason Banh learns how to make pasta in Gubbio, Italy. 4 Fa s hi o ning a C o m p e ti ti v e C o ll ec t i v e “At Bocconi University in Milan, Assistant Professor Diego Rinallo explained the unique branding Italian microcompanies use to compete in a global market. Coopetition is a blend of cooperation and competition in which less individually powerful companies join together on the basis of a common activity or skill. The resulting ‘industrial clusters’ are innovation hubs for products in the fashion, design, manufacturing and other sectors. “Italy’s most recognizable collective is fashion. Prior to the 1950s, Italian fashion lay deep in the shadow of Paris. But in 1951, 13 dressmakers united and created innovative collections that were clearly differentiated from Paris designs, and from each other. Runway shows attracted American buyers and the press—and the rest is history.” — MBA student Carolyn Dicharry
5 Ex treme At tention to Detail s “What surprised me the most was the visit to Maserati. Not only was it amazing to see performance vehicles being built by a combination of advanced manufacturing equipment and manual assembly. It was also educational to see how the region created a network of companies that, together, deliver a spectrum of high-performance vehicles to the world.”
“The experience has changed me both as an individual and as a business person. I have a new appreciation for other cultures and a wonderful perspective on their way of doing business.” — MBA student Marcus Wilson
— Wil Agatstein 6 P r o m o t ing t h e N at i o n a l in I n t e r n at i o n a l “The British Consulate in Istanbul promotes that nation’s economic interests in Turkey—identifying opportunities for British companies, and supporting their entry into Turkey’s diverse and lucrative markets. We met with Deputy Consul General Sayed Shah and the three diplomats responsible for diverse sectors, including information and communications technology; household goods; and automotive, oil and advanced engineering. Our wide-ranging discussion touched on the booming Turkish economy, the European Union, Turkey’s emerging relationships in Asia—and keys to foreign service success: stress management and strategic networking.“ (Pictured: Ryan Person in front of the British Consulate.)
1 1 F o ll o w t h e M o n e y “Eralp Polat, head of the international relations team at the Istanbul Stock Exchange (ISE), discussed Turkey’s place among the world’s top 20 GDPs. The country’s sole securities market, the ISE began trading in 1986 and today lists 375 companies. But of the top 500 companies in Turkey, only 120 are publicly traded. The ISE’s efforts to encourage companies to list face a very specific challenge: the vast majority of Turkish companies are family owned and have a traditional approach to business—one that does not include complying with the ISE’s rules and regulations. “The meeting ended with a view of the trading floor and an explanation of the trading boards that were used until 1995, when the exchange switched to computerized trading.”
— MBA student Nasif Siddiqi
— MBA student Leah Silva
7 A L OCA L SPEC I A LTY Hunting for truffles at the Azienda Agraria Villa Fassia.
1 2 OUTS I DE T H E B LUE MOSQUE
8 COME TO G ET H ER Lindsey Spice and Leah Silva visit the Blue Mosque in Istanbul. 9 I s ta nb u l S p i c e Ba z a a r The Istanbul Spice Bazaar has been the center of the city’s spice trade for more than 350 years. Once the largest spice trading venue of the medieval world, its abundant stalls still feature mountains of edible exotics. 1 0 t h e pa s t in t h e p r e s e n t Mona Kamdjou at the 15th-century Rumeli Fortress, on the Bosphorus Strait.
D r i v ing Ch a ng e in T u r k e y ’ s Au t o m o bil e I n d u s t ry “At Toyota Pazarlama Ve Satis (Toyota Motors Turkey), we gained an overview of the firm’s sales and marketing activities as well as current challenges, including Turkey’s tax structure, the black market economy and the relationship between the two. “At more than $12 U.S. per gallon, Turkey has the highest fuel prices in Europe and possibly the world. But that doesn’t mean the 1.8-liter Toyota Prius is popular. Vehicles with engines larger than 1.6 liters face a higher tax.“ — Nasif Siddiqi
U C D avis G raduate School of M anagement 7