Faculty Research: A Firm-Driven Approach to Global Governance and Sustainability

November 13, 2014

American Business Law Journal (forthcoming)

Stephen Park and Gerlinde Berger-Walliser.

The multifaceted role of multinational corporations as quasi-regulators is of growing importance to international business. Corporations increasingly participate in two kinds of international rulemaking: (i) non-binding “soft” law standard setting; and (ii) self-regulation through private rules and standards. Soft law and private regulation often fill governance gaps left by incomplete and/or ineffective governmental regulation. One of the most prominent examples is sustainability rulemaking, in which corporations have become increasingly active due to their growing awareness of the directly-borne costs of environmental degradation and the potential strategic benefits of corporate social responsibility.Continue Reading

CPAs Present Grants to University of Connecticut Accounting Department, Accounting Society, Beta Alpha Psi Chapter

CTCPA Educational Trust Fund Trustee Katherine McNair, CPA (left) presents grants to the University of Connecticut Accounting Department, Accounting Society, and Beta Alpha Psi chapter.  Accepting the awards are University of Connecticut representatives (from left) students Grace Kim, Sarah Levis, Instructor-In-Residence and Assistant Department Head for Undergraduate Programs David Papandria, and Professor and Accounting Department Head Dr. Mohammed Hussein.
CTCPA Educational Trust Fund Trustee Katherine McNair, CPA (left) presents grants to the University of Connecticut Accounting Department, Accounting Society, and Beta Alpha Psi chapter. Accepting the awards are University of Connecticut representatives (from left) students Grace Kim, Sarah Levis, Instructor-In-Residence and Assistant Department Head for Undergraduate Programs David Papandria, and Professor and Accounting Department Head Dr. Mohamed Hussein.

Representatives of the Educational Trust Fund of the Connecticut Society of Certified Public Accountants (CTCPA) recently presented grants to the University of Connecticut Accounting Department, Accounting Society, and Beta Alpha Psi chapter.  These awards were given during an annual joint dinner meeting of the CTCPA Educational Trust Fund and the CTCPA Student Outreach and Career Awareness Committee held recently at Cascade in Hamden.

The Educational Trust Fund exists to help tomorrow’s CPAs today. It does so by providing financial support directly to students, accounting departments, and accounting clubs at Connecticut colleges and universities recognized by the Connecticut State Board of Accountancy.

The Connecticut Society of CPAs is celebrating more than 100 years of service to membership and community alike.  CTCPA has a membership of almost 6,000 individuals in public practice, business and industry, government, and education.  Its function is to advocate on behalf of the accounting profession, foster a professional community among CPAs, and provide continuing education opportunities as well as a comprehensive peer review program and a variety of membership services for CPAs in Connecticut.

Faculty Attend Workshop on Brain, Learning; Dartmouth Prof Offers Suggestions on Retaining Knowledge


Faculty Workshop
Many people think of the human brain as like a giant filing cabinet. Just open the right drawer, pull out a folder, and it will be loaded with all the information you need.

In fact, retrieving information is more like going on an archaeological dig, said G. Christian Jernstedt, professor emeritus of psychological and brain sciences at Dartmouth College.

“We find fragments and we assemble them into something meaningful,” he said. “That’s why we rummage around in our brains for the answers. Sometimes there isn’t even a correct answer. It’s the thinking that is the important part.”

Jernstedt spoke to 60 faculty and graduate students Oct. 31 at a workshop titled, “Perspectives on Learning, Teaching and the Brain.” Jernstedt specializes in human learning and speaks around the world about cognitive, social, behavioral and educational neurosciences.

During the full-day workshop, he talked about emerging research on increasing the ability to learn, building effective learning habits, and different ways to evaluate what has been learned.

Management Professor Travis Grosser said the lecture was fascinating. “I wanted to learn more about how the brain works and how to apply that knowledge in the classroom,” he said. “I appreciate that the School of Business is helping us become better teachers and helping us grow and develop our professional skills.”

Some 150,000 articles and books have been written about the human brain in recent years, Jernstedt said. Among his findings is that the more engaged a person is, the more active their learning becomes.

“Memory is constructed, it isn’t a passive situation. If it is an active process, it works,” he said. “The person who is ‘doing’ is the person who is learning.”

That’s why taking notes is more effective than listening; why talking to others is better than learning alone, he said.

What happens when you use an area of the brain a great deal? Before GPS was widely used, London cabbies had to study maps of the city until they knew every road. For them, the centers of the brain that learn place, direction and navigation blossomed. “When you use the brain, it changes,” he said.

But while some changes are universal, every individual learns differently. In fact, the human brain is a bit like a novelist, Jernstedt said.

“Our brain makes up stories about reality,” he said. “Our stories vary by experience. We all see things differently.”

For an example, he showed an abstract picture of a man and woman engaged in an embrace. When the same picture was shown to young children, they saw porpoises in the photo because their frame of reference is different, he said.

“So when we develop courses, programs and schools, it is important to recognize that how people code and retain information varies, depending what’s happened to them,” Jernstedt said.

The human brain contains 20 billion cells just for thinking, he said, yet we are most successful when we tackle one task at a time. “People who say they ‘multitask’ either do it poorly, or are really shifting between tasks,” he said.

Research by a jam-and-jelly company also indicates that too many options are overwhelming. On the days when customers could sample 20 or more types of jam, only 3 percent bought the product. When offered only five varieties, 30 percent of the customers purchased jam. Too many choices leads to indecision, he said.

In another analogy, Jernstedt noted that the tiger beetle runs about 5 1/2 miles per hour, but it does so in bursts, and then freezes, because its brain is filled up and it needs to rest it. Likewise, it is important for humans to take intellectual breaks in the classroom, and for faculty to build in time for students to process and reflect, he said.

The human brain is a powerful tool, he said. “This organ can do extraordinary things when we find out how to use it,” he said. With practice, people can even change the speed at which the brain operates.

Marketing Professor David Norton said he attended the workshop because he was interested in strategies to help his students. “We are asking them to learn a great deal in a rather short amount of time,” he said. “I’m interested in anything that helps to communicate that information more efficiently.”

“The biggest opportunity is to bridge science with practice,” said Management Professor Kevin Thompson, noting that students tend to retain only about 10 or 15 percent of what they hear in a lecture. “I’m here to find out what we can take away to help or improve learning for our students.”

UConn Real Estate Students Finish Third in Prestigious International Competition

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(11/12/2014) – A team of real estate students from the University of Connecticut School of Business earned third place in a prestigious international case competition on November 4 in New York City, sponsored by Cornell University.

The UConn team consisted of William BartolDrew HarneyAustin SmythKristine Victor and Patrick Nista.  Francesca Michel was the alternate.Continue Reading

Goldman Sachs Scholarship for Excellence Program

November 10, 2014

The Goldman Sachs Scholarship for Excellence Program is an integral part of our diversity recruiting effort, helping to attract Black, Hispanic/Latino, and Native American undergraduate students to careers at Goldman Sachs.

The scholarship is a reflection of our Business Principles and is awarded to recognize outstanding students and the achievements they have made. Upon acceptance of a summer internship offer, SFE recipients will be awarded up to $15,000* and have a leadership opportunity as a GS Campus Ambassador on their respective campuses.

Application Checklist:

To be considered for the Scholarship for Excellence, you must complete the following steps:

1. Complete an application online using our events portal at www.goldmansachs.com/careers and selecting ‘Interviews’ under Event Type.

2. Please explain which one of our fourteen Business Principles you identify with the most. Business principles can be found by using the following link, http://www.goldmansachs.com/who-we-are/business-standards/business-principles/index.html.

a. Applicants may choose one of the following mediums for submission: 450 word essay, 2 minute video, or slide presentation.

b. You may submit an essay or slide presentation via the online application. Slides should be in PDF format. Videos submissions should be emailed to GoldmanSachsSFE@ny.email.gs.com.

3. Invited candidates will travel to Goldman Sachs for an in-person evaluation of the Business Principle presentation.

Deadline: The application deadline is Sunday, November 16 by 11:59 p.m.

Questions?

For questions regarding the application process, please contact GoldmanSachsSFE@ny.email.gs.com.

Student Group Hosts Jim Calhoun, CEO of Converse, Inc.


Honors in Business Association
The Honors in Business Association (HiBA) hosted Jim Calhoun ’89 (CLAS), CEO of Converse for a discussion about his experience as an undergraduate at UConn, his career path, and what it is like being CEO of a multibillion dollar international company.

Before speaking to a larger audience, Calhoun spoke with students at an intimate reception sponsored by the UConn School of Business Dean’s Office. Gregory Doyle ’15 (BUS), an attendee at the reception stated, “It was great connecting with a past UConn graduate who has been successful on a large corporate scale. He seemed really passionate about Converse and what it represents. I especially enjoyed hearing about the mistakes he has made along the way and what he has learned from them.”

Following the reception Calhoun began his discussion in the Student Union Theater with a picture of his father, former UConn men’s basketball head coach Jim Calhoun. The picture was of the former coach wearing Converse sneakers as a college student and playing basketball against UConn, a team he would later coach. Calhoun brought the picture full circle stating that the picture hangs in his office at Converse headquarters.

In addition to taking in advice from Calhoun, students were stunned to learn that Calhoun was to thank for the famous product placement of Wilson in ‘Cast Away’ starring Tom Hanks.

Both the reception and speaking event attracted UConn students across all disciplines who all took something away from Calhoun’s talk. Justin Hall ’17 (ENG) stated, “Calhoun’s presentation was both insightful and interesting. Personally I left with a greater understanding of how to utilize and how to create pivotal opportunities throughout my life.” Alyssa Zabin ’16 (CLAS), from student group Leadership in Action added, “It was great as students to see what huskies before us have done as they build upon their undergraduate experiences in profound ways.”

Larry Gramling, associate dean of the School of Business who sat down with Calhoun for a question and answer session expressed, “A great deal of what made the event one of the very best I have ever attended at UConn was first and foremost due to Jim Calhoun who did a great job by just being himself: genuine, down-to-earth, and engaging before the event in the Lounge, during the talk, and afterwards when many of the 100 or so in the audience came up to talk to Jim.”

About Honors in Business Association: Honors in Business Association (HiBA) is a student organization formed between the Honors Program and UConn School of Business. HiBA strives to create a sense of community for students in both Honors and the School of Business and those with an interest in business while focusing on professional development. Contact information: uconnhiba@gmail.com or Quian Callender at quian.callendar@uconn.edu.

Pictured L to R: John Averill ’16 (CLAS), Quian Callender ’16 (BUS), Alyssa Zabin ’16 (CLAS), Jim Calhoun, CEO of Converse, Associate Dean of the School of Business Larry Gramling, Grace Kim ’16 (BUS), Emily Vasington ’16 (BUS), Brooke Wasserman ’15 (BUS), and Global VP of Communications at Converse Terri Hines.

Veterans’ Bootcamp Offers Mentorship, Business Expertise

November 9, 2014

Veteran's BootcampSteven Therrien, of Harwinton, Conn., has what he believes is a great idea for creating a superior solar panel that would capture some of the sun’s energy that is now lost.

But Therrien, a former Navy corpsman and advanced x-ray technologist, was overwhelmed at the prospect of starting his own business.

“Before, I looked at it as an insurmountable mountain,” he said.

After enrolling in a nine-day Entrepreneurship Bootcamp for Veterans with Disabilities (EBV), sponsored by the UConn School of Business, he has increased confidence that he can make his business plan a reality.

The course is funded exclusively by private donations and features the expertise of UConn business faculty. This year, 26 veterans learned everything from how to write a business plan to finding funding. They developed social media skills and took a course on “discovering your personal genius.”

“It’s very flattering and humbling that so many people are willing to give their time and themselves to help a veteran,” Therrien said. “We all appreciate it very much.”

This fall, UConn’s EBV was recognized at the Pentagon by Newman’s Own, Fisher House Foundation and the Military Times as one of the nation’s best and most innovative programs for improving the quality of life for U.S. military personnel.

This is the fifth year that the EBV program has been offered at UConn. Seven of the veterans hail from Connecticut; most of the rest are from neighboring states. This year’s class was composed of 19 men and seven women.

“This was a great class, the first one that we had with no attrition at all from acceptance through graduation,” said program Director Michael Zacchea. “Our veterans said it was an amazing and transformative event.”

“These people aren’t in it for the money,” Zacchea said. “Every vet here wants to solve a problem. They are very focused on ‘mission accomplished.’ Because our veterans all come from diverse backgrounds, we offer a very hands-on program. We tell them how to find an accountant, a lawyer, how to establish a relationship with a bank.”

What makes the bootcamp unique is it addresses the veterans’ holistic needs—even providing a free suite and laptop for the future business
owners. It also offers mentorship for a year, to help veterans identify and overcome business barriers. The UConn program is also part of a larger community of veteran entrepreneurs throughout the country. The rigorous course usually had veterans working on their businesses until midnight.

Since they graduated on Oct. 10, the veterans have been preparing their business plans, for which they could be awarded a $3,000 grant to use as seed money.

“I would tell everyone to hire a veteran,” said Rosita Campbell of New Jersey, a bootcamp graduate, who wants to own her own fitness center. “We are dependable, reliable and offer standards of service and excellence that are beyond what is expected. We also have incredible integrity. All of that has been ingrained in us from a young age.”

See photos from the UConn EBV program.

Schools of Law and Business hold Joint Retreat to Promote Scholarship and Programming

November 6, 2014

kOn September 26, law school and business school faculty held a joint retreat at the UConn Law School in Hartford, Connecticut. Participants attended a variety of academic sessions on mutually interested topics, including dig data, financial markets and corporate governance, human rights and ethics, and sustainability. The lunch speaker was Kip Hall, Esq., a senior attorney at DLA Piper, who presented on the importance of understanding compliance for both law students and business students.

Approximately sixty faculty from both schools attended. Feedback was strongly positive and faculty reported that they gained useful contacts throughout the day. Marketing and business law faculty played prominent roles at the retreat, fostering common ground in the areas of big data, corporate governance, and international business. The goal of the retreat is to develop new programs that enrich the options for students while leveraging the considerable expertise of the two schools in joint initiatives.

Professional Selling Role-Play and Networking Event

lEvery semester, our exciting Professional Selling Role-Play and Networking Event facilitates conversation between our students and sales professionals. This fall, over 35 students in the Professional Selling course acted out sales calls with professional representatives from 9 PSL partner companies. During the initial round of sales calls, our students met with company representatives and engaged in 20 minute rounds of calls.  Students with the highest scores proceeded to the final round of the competition. During the final round, they engaged in a sales call in front of a panel of representatives. We are pleased to announce this year’s winners are Hannah Kirsch and Amar Singh.

UConn’s Marketing Department offers students the experience and training to excel in professional sales. The Program for Sales Leadership (PSL), provides interactive classes, sales competitions, student-run organizations, and accredited professional sales internships to give students experiential learning and insights on career development. PSL also emphasizes the critical thinking, communication, and data-driven analytical approaches that today’s leading businesses value.

This year, the PSL Role Play and Networking Event brought together our partner companies with over 80 passionate professional sales students to discuss sales careers and opportunities. If your company is interested in building an enduring relationship with PSL, please contact the PSL Program at psl@business.uconn.edu.