The Impacts of Eyjafjallajokull
April 30, 2010
If you stubbed your tongue against your teeth trying to pronounce “Eyjafjallajokull,” you’re not alone. The impossible-to-spell glacier in Iceland made headlines last year when the volcano on its ice cap suddenly erupted. The volcanic eruption disrupted air travel in many parts of Europe between April and May, and was not declared officially over until October 2010. Among the 19 eruptions that rocked Europe in recent years, experts claim that Eyjafjallajokull was the most disruptive one. While MBAs may not be experts on volcanoes, they are well equipped to assess the economic ramification of such natural disasters. Many questions arose in the business world during the environmental turmoil: How many flights were affected? How many businesses were interrupted because of the eruption? How does Eyjafjallajokull stack up economically against, say, Krakatoa or the Haitian Earthquake? What does the eruption mean for the oil market? Those are some question MBAs would be able to answer. In addition to sharpening math skills, today’s MBA curriculum also help fine-tune the ability to forecast reasonable macroeconomic models. The primary goal of an MBA program is to empower graduates to help their company navigate turbulent economic waters. This infographic provides a set of data that can easily be digested and interpreted for the masses.
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