My UNC Kenan-Flagler education and experience as a Center for Sustainable Enterprise (CSE) consultant have education has empowered me to make an impact on ecological integrity and social equity while focusing on profit maximization.
Planet and Profit
After graduating with my MBA, I consulted on a variety of business turnaround and restructuring engagements. I also took initiative to go beyond my financial consulting role and, using the confidence and skills I gained at UNC Kenan-Flagler, I led the first ever carbon-footprint measurement of my $1.2B firm. This measurement not only highlighted opportunities for firm-wide cost reductions and facility quality of life enhancements, but the forward thinking mentality enabled my firm to be more competitive in recruiting and provided a platform for a future advisory service offerings.
People and Profit
I serve on the executive team of one of the largest social services organizations in New England. My role is to lead growth, operational efficiency and capital strategy initiatives to obtain more resources for our 1,400 employees and the clients we serve. This includes traditional mergers, acquisitions and restructuring, as well as more innovative initiatives – such as collaborating with for-profit companies on workforce development and asset maximization, helping re-brand the 140-year-old not-for-profit to open doors for new partnerships, and providing a case for a seed capital fund for investment in social enterprise.
My experiences consulting with Fortune 100 companies and start-ups as a CSE consultant provided me with the tools to put together a “double bottom line” business plan on a shoestring budget that yielded investment to expand one of our social enterprises: We employ refugees whom we resettle as language interpreters in courts and hospitals.
By Michael Alden (MBA ’10), vice president of business development – Ascentria Care Alliance