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What should a modern business education encompass?
Innovation, Sustainability, Analytics Top List of Academic Strategies
This article first appeared in the UConn Business magazine, Volume 4, Issue 3 (Summer 2014)
Education is a truly transformative experience.
While it is incumbent upon our students to take advantage of the many wonderful opportunities they have here at UConn, we—the administrators, faculty and staff—have an equally formidable responsibility.
Education is never stagnant. We must be mindful of the changing business climate, tap the expertise and perspective of our business partners, and consistently deliver the knowledge and skills that our students require.
We must embrace change. This year the School of Business will adopt a new academic vision to guide us in our preparation of future entrepreneurs, executives and decision-makers.
In consonance with the University of Connecticut’s newly adopted academic vision, “Creating our Future: UConn’s Path to Excellence,” we have identified the following four areas for emphasis: creativity, innovation and entrepreneurship; sustainability and risk management; analytics and big data; and healthcare management and insurance studies. All are vital to economic growth and solving the world’s problems, be they personalized medicine and genomics, data management or protecting our planet. These areas of emphasis help focus our attention and guide our growth. They engage us with our business community. However, they do not mean we are turning away from the core functional education that our students seek and our business partners rely upon in the traditional areas.
At the UConn School of Business, we strive to be a globally-recognized provider of exceptional managerial and business leadership. We believe that academic excellence in a modern business education requires a global perspective. Our many goals include identifying and addressing business challenges and recognizing our role as a partner in the success of business development both in Connecticut and beyond. We believe our new academic vision will keep us sharply focused on those goals.
In this issue of UConn Business, we have the opportunity to introduce you to a very special family whose generosity will enable us to continue to invite the most deserving students to our ranks.
Denis ’76 CLAS, ’77 MBA and Brita Nayden ’76 have donated $3 million towards the new UConn Basketball Champions Center and for scholarships for student-athletes, with a very generous amount earmarked for School of Business students.
The School honors remarkable individuals by induction into the School of Business Hall of Fame. Denis Nayden has already earned this distinction. In this issue you will also enjoy reading about five of our remarkable alumni whose business accomplishments, character, and dedication to others have recently earned them similar recognition.
While each of their passions and stories is unique, I’m sure they share the mantra of alumna Amy J. Errett ’79 (CLAS), an entrepreneur, senior executive, venture capitalist and philanthropist. When asked how she accomplishes so much, she said: “Well, I don’t sleep a lot … I get up early and go to bed late, and I try to make every day count.”
Our Storrs campus is bustling with the addition of headquarters for the Connecticut Small Business Development Center, now located on the second floor of the School of Business. The CTSBDC provides free, confidential, business advising to entrepreneurs who are forming or growing a business. We certainly believe this partnership will be advantageous for our students, our university, and many businesses throughout Connecticut.
As the summer draws to a close, the School of Business faculty and staff are excited for this academic year. Always a busy time, this year it is even more so, as we usher in new programs in Human Resource Management and in Digital Marketing & Analytics, a rapidly growing field with tremendous employment opportunities.
Best wishes to all,
John A. Elliott Dean and Auran J. Fox Chair in Business
This article first appeared in the UConn Business magazine, Volume 4, Issue 3 (Spring 2014)
Five luminaries of the business world were inducted into the UConn School of Business’ Hall of Fame on May 2 at the Hartford Marriott, surrounded by dozens of family members, friends, colleagues and admirers.
Inductees included James V. Agonis ’71, retired CEO and president of AirKaman Cecil, Inc.; Kevin A. Bouley ’80, president and CEO of Nerac, Inc.; Joanne L. DeBlasis ’76, ’83 MBA, president, Accident & Health Division, Navigators RE; Amy J. Errett ’79 (CLAS), CEO and co-founder of Madison Reed; and Lisa Klauser ’90, president, Shopper and Consumer Marketing, Integrated Marketing Services.
In addition to their remarkable and inspiring business careers, the inductees have all been leaders in their communities, said John A. Elliott, dean of the School of Business. The inductees spoke briefly about their career journeys and how UConn shaped both their professional and personal lives. They join more than 100 other alumni who have been recognized since 1993.
Retired CEO James Agonis Finds New Purpose In Helping Abused, Drug-Addicted Costa Rican Orphans
James Agonis ’71
Throughout his successful career, including serving as president of his own company, UConn alumnus James Agonis ’71, dealt with giants of the defense industry.
Ten years after his retirement, his focus has switched to abused and defenseless children, who are trying to establish a happy childhood in a Costa Rican orphanage.
“Most of the times when I visit the orphanage, I go out in the backyard and cry like a baby because of the horrible things these children have experienced,” said Agonis, who is the principal supporter of the Hogar Cuna orphanage.
Some of the 18 children who live there have been attacked by their own family members, have lost both parents in car crashes, or were born addicted to heroin.
“I pick them up and I hug them until I finally have to put them down because my arms are sore and I can’t do it anymore,” said Agonis, the retired CEO and president of AirKaman Cecil Inc. of Jacksonville, Florida.
With unwavering tenacity, Agonis earned a Bachelor of Science degree in accounting from the School of Business in 1971. It took him seven years to complete his degree because he often had to take semesters off to wait tables to earn enough money to pay for additional schooling. “I’m extremely proud of my UConn education,” he said. “UConn provided the foundation, and I’ll be forever grateful to its faculty and advisers for my success.”
Agonis and his wife, Glenna, presented a $100,000 gift to the Accounting Endowment for Excellence in the School of Business in 2011. “I have tremendous empathy for the student struggling with academics because of an after-school job,” he said. “It would be my dream to help someone like that get through school.”
With his finance and accounting skills, Agonis worked for the federal government and then spent 20 years with Kaman Aerospace Corp., a Fortune 500 company and defense contractor in Bloomfield, progressing to group vice president. He then formed his own company, AirKaman Cecil, a fixed-base operator managing the daily functions of an airport in Jacksonville, Florida. Customers included Boeing, Grumman, the Navy and Coast Guard. AirKaman Cecil experienced tremendous growth under Agonis’ leadership, which he credits to strategic management, innovative marketing and customer relations.
He and his wife now enjoy family, traveling, international big-game fishing and watching UConn basketball. Agonis also donated $125,000 to establish a scholarship fund named in honor of UConn women’s basketball Assistant Coach Chris Dailey.
“I have watched Chris Dailey for more than 20 years, and to me there is no better person in women’s basketball,” he said. “She’s the most selfless person, working in the background, being a mentor, coach and friend.”
Kevin Bouley’s Passion Is Promoting Connecticut’s Brainpower, Creativity, and Inventions
Kevin Bouley ’80
It was supposed to be Kevin A. Bouley’s moment in the spotlight.
But instead of highlighting his own professional achievements at the Hall of Fame Induction Ceremony, Bouley ’80, took the opportunity to praise some people he admires.
Alicia Echevarria ’13 (ENG), he said, is designing a new bridge column that is more resilient during earthquakes. Eric Sirois ’09 (ENG) is developing a trans-catheter, aortic-valve technology. And Michael Zilm (ENG) is creating biomimetic bone scaffolding. All three aspiring entrepreneurs are graduate students from UConn’s School of Engineering.
“There is an emerging culture of creativity, innovation and entrepreneurship taking root at UConn,” Bouley said. Partnerships between various disciplines and schools within the university are reaping amazing results.
“We need to leverage the state’s investment in our system of higher education and use it to build our economic future via new innovations,” he said. “The potential economic benefits of new technologies being commercialized in Connecticut… are enormous.”
Bouley is the president and CEO of Nerac, a research and advisory firm for companies developing innovative products and services. Based in Tolland, Nerac’s team of analysts address corporate concerns ranging from intellectual property strategies, to competitive business threats, and scientific reviews.
Bouley earned his Bachelor of Science degree in finance in 1980. He became vice president of Nerac in 1987, and maintained that position until acquiring the company 12 years later. Under his direction, Nerac has enjoyed strong growth, more than doubling in size.
Nerac has five times been named to the Deloitte & Touche prestigious Technology Fast 50 program for Connecticut, a ranking of the 50 fastest growing tech companies in the state.
Bouley is also an active “angel investor,” nurturing innovation, investing money and resources in start-ups, many of which are hosted within Nerac’s building. He works regularly with UConn’s School of Business and School of Engineering, alumni and members of the local business community to bring more business-development programs to fruition by connecting entrepreneurs and potential investors.
“I have reached an age where I care less about my resume and more about leaving a legacy to the next generation,” he said. “A critical component of this legacy is to inspire, teach and mentor students and other budding entrepreneurs in Connecticut.”
He envisions the Tolland business corridor, including UConn, as a regional destination and growing hub of entrepreneurial activity, drawing the best and brightest. He would also like to see a rebirth of manufacturing in the state.
Bouley has served on many technology and business associations, and currently serves on the UConn School of Engineering Advisory Board and the Connecticut Center for Entrepreneurial Innovation Advisory Board. He is a recipient of the UConn Alumni Association 2007 University Service Award and the UConn School of Engineering 2010 Distinguished Service Award.
Not only did UConn enrich his career path, Bouley said, but it is where he met his wife, Lorraine ’80. They have two daughters. Richter is a sophomore in the UConn School of Nursing, and Turner is a high school student.
Taking A Risk On Yourself May Bring Career Rewards Counsels Insurance Expert Joann DeBlasis
Joan DeBlasis ’76, ’83 MBA
If she could offer one piece of advice for new business graduates, Joann DeBlasis ’76, ’83 MBA, would tell them to take risks. “Taking on a new position, as scary as it might be, enables you to grow in your career,” she said. “Many people get stuck in a rut because they are afraid if they try something new, they will fail. My advice is to push for it.”
What makes her thoughts particularly striking is that DeBlasis has spent her professional career assessing and insuring against financial risk. The humor in those contrasting perspectives is not lost on her.
As a president at Navigators RE, a division of Navigators Management Co., Inc., DeBlasis is responsible for the accident and health division. She has enjoyed a lengthy career in the reinsurance industry, starting with Cigna in the early 1990s.
Her accomplishments include starting a health-reinsurance product line for three separate insurance companies, where she supervised all facets of administration, underwriting, pricing, marketing and financial management.
She has hired many people during her career and seeks a few key traits in a new colleague. “I want to work with someone who has a passion for what they do,” she said. “Equally importantly, they must have the ability to get along with other people. I think it is important to always be polite and treat people how you would want to be treated. That means being honest when something goes wrong and offering appreciation and recognition for success.”
DeBlasis earned a Bachelor of Science degree in accounting from the UConn School of Business in 1976. Although her guidance counselor pressured her to attend a different institution, she never regretted her decision to attend UConn.
Her college days, she said, were filled with wonderful experiences and lifelong friendships. She was joined at the Hall of Fame ceremony by four good friends from college, with whom she has shared all of life’s struggles and joys.She later earned her MBA from the UConn School of Business’ Hartford campus, attending classes at night while working full-time.
“It was extremely challenging to attend school in the evening after working all day,” she said. “But I thought it was important to earn my MBA. I knew it would lead to new opportunities.”
In 2012, she established a scholarship to benefit students at UConn’s Stamford campus. “I was very fortunate that I graduated from college debt-free because my parents were able to pay for my education. Some people graduate with huge debts. I decided to establish a scholarship to help others get through their education and pass along my good fortune.”
DeBlasis is a member of the American Institute of Certified Public Accountants and the Connecticut Society of Certified Public Accountants. She lives in Connecticut and has two adult sons. In addition to spending time with family, DeBlasis enjoys golf, travel, fitness and gourmet cooking.
Unrelenting Optimism, Enthusiasm for Innovation Drive Success of Entrepreneur, Venture Capitalist Amy Errett ’79 (CLAS)
Amy J. Errett ’79 (CLAS)
To appreciate why Amy J. Errett ’79 (CLAS) is phenomenally successful in business, you first have to grasp her fearless enthusiasm for life. She describes herself as a “horseback riding, fly-fishing, black-diamond snowboarding, wine collecting, San Francisco Giants-loving Californian.” She also appreciates great food, nature and everything high-tech. She revels in trying something new.
“I come from an athletic, outdoor family; people who are real ‘doers.’ I like to travel, explore and enjoy nature and the outdoors,” she said. “I pretty much like to have a good time.”
Errett earned a Bachelor’s degree in Liberal Arts from UConn in 1979, and an MBA in finance from the Wharton School at the University of Pennsylvania in 1988. During her multifaceted career, she has worked as an entrepreneur, a senior executive, a venture capitalist, and as a passionate advocate for social change.
Before beginning her own business in February, Errett was a general partner and ran the San Francisco Bay-Area office of Maveron, a leading venture capital firm. She has also served as the CEO and as an owner of Olivia, repositioning the travel business as a complete lifestyle company. During her tenure at Olivia, she was named the Ernst & Young Entrepreneur of the Year for Northern California.
Errett also founded and served as CEO of The Spectrem Group, a worldwide strategic consulting, information and merger-and-acquisition advisory firm. After selling the company, she joined the senior management team at E*Trade, where she diversified the company’s business beyond brokerage, and ran a $200 million business that encompassed the company’s growth areas.
“I think the two threads that tie my career together are that I love to build great teams of people to work together, and I like innovation. I’m a fan of the latest app, the newest technology and the best electronics,” she said.
“I don’t worry about failing. Some people would call me blindly optimistic,” she said. “I think positive energy just fosters and creates good things.”
Her newest venture is Madison Reed, a company striving to transform the at-home, hair-coloring experience. Errett said she devised the company after her friends complained about the high cost of salon treatments and their concerns about the harsh chemicals in hair dyes.
The company, which launched in February, is named after her 11-year-old daughter. Madison Reed hair products contain no ammonia or harsh chemicals and the company employs 35 “on call” colorists who assist with everything from application techniques to selecting the right hair color.
Although she lives in California now, Errett is still a die-hard UConn sports fan. As a student athlete she played field hockey and dabbled in basketball. “I bleed blue. I’m a Husky forever,” she said. “Before each Final Four (basketball tournament), everyone counted us out. Look where we are today—and the best is yet to come!”
In addition to her family, work and hobbies, Errett is deeply committed to humanitarian work. She chairs the Board of Directors of Glide, San Francisco’s largest non-government social services organization. “If we don’t look out for each other in this world, who will?” she said. “I think giving back is critical. It makes you a better leader and a better person.”
When asked how she manages to accomplish so much, Errett laughs. “Well, I don’t sleep a lot,” she said. “I also have a phenomenal assistant. I’m very focused on time management. I get up early and go to bed late, and I try to make every day count.”
Consumer Expert Lisa Klauser ’90: Resilience, Dissatisfaction with Status Quo Will Propel Students to Success
Lisa Klauser ’90
Lisa Klauser ’90 will tell you she’s living the American dream.
As president of Consumer and Shopper Practice for Norwalk’s Integrated Marketing, she supervises a team of 200 and works with well-known clients such as People magazine, Energizer Personal Care, Hillshire Brands and Barilla.
“I came to UConn planning to be a Spanish teacher,” Klauser recalled. “I tried a business course, and that was a game-changing moment for me. I loved the competitive side of American business. UConn gave me everything I needed to begin my journey.”
She credits her parents for giving her the values that have served her well. Her father only had an 8th grade education and sometimes worked three jobs to support the family. He taught her the value of hard work, dependability and always doing the right thing. Her mother bestowed on her the gift of confidence.
“I’ve lived the American dream, but I think it is still unattainable for many,” said Klauser, who worries about the growing gap between the middle class and the poor.
Klauser has served on the Board of the University of Connecticut Foundation since 2012, and as she watches the next generation of students pass through the University, she experiences both a sense of excitement and caution.
“I want to instill the entrepreneurial spirit into students. We are blessed to have the most amazing university right in our backyard. The university has invested in high-caliber faculty, innovative programs, and its courses are well-geared toward the business world. Hopefully UConn will shape the future of the next generations.
“For our young adults today, I believe the most important thing they need is resilience. This is a challenging time in our country and in business,” she said. “It is important to be able to pick yourself up, reinvent yourself, and keep pursuing your goals, while still maintaining a strong moral compass and your integrity. I hope they carry a restless dissatisfaction with the status quo.”
Klauser earned a Bachelor of Science degree in marketing from the School of Business in 1990. She began her career at Nestle Foods, and later worked at Kraft Foods. She then spent 19 years at Unilever, most recently serving as vice president of Consumer and Customer Solutions for North America.
One of her passions is helping women in the workplace. She served on the Board of Directors of the Network of Executive Women for the Grocery Manufacturers Association of America. She also led the Women’s Interactive Business Network at Unilever. She has served as the vice chair for the Promotion Marketing Association.
Klauser was inducted into the Shopper Marketing Hall of Fame in 2012 and was named as one of the Top Women in Grocery in 2010 and 2011. In 2013, she was selected as one of Ad Age’s Top Women to Watch. She resides in New Jersey with her husband, Rick, and two teenage children.
New Digital Marketing & Analytics Major Reflects Emerging Communication Trends
This article first appeared in the UConn Business magazine, Volume 4, Issue 3 (Summer 2014)
The rapidly rising demand for digital marketing expertise and the accompanying explosion in job openings has prompted the School of Business’ Marketing Department to offer a new undergraduate major in Digital Marketing & Analytics at the Stamford campus.
Digital Marketing & Analytics students will learn how to use marketing analytics to gain insights into consumer behavior and to develop digital marketing strategies. The major takes a comprehensive approach that covers all aspects of marketing and includes developing strategies for creating, branding, and positioning digital products and services; dynamic pricing, digital distribution, social media and digital communication; and integrating digital marketing into a firm’s overall marketing strategy.
The new major supplements a certificate in Digital Marketing & Analytics, already available for business students at Storrs, and a minor in Digital Marketing & Analytics, offered to non-business majors at the Storrs, Hartford, and Stamford campuses.
“This will put our students on the frontier of marketing,” said Robin Coulter, professor and head of the Marketing Department at the School of Business. “There is tremendous excitement among students, faculty and the business community. We’re very enthusiastic about the curriculum and the abundant opportunities that await students who pursue these fields,” she said.
In fact, a quick check of the job-hunting web site Indeed.com found 25,000 marketing jobs, many requiring digital media and analytical expertise, all within 50 miles of the Stamford campus.
Lee Manning, human resources director for Coca-Cola Northeast, said the company recruits employees with digital marketing and analytics skills. “The world is changing at a very quick pace,” Manning said. “People have to keep up with the different types of communication. It is important to be quick and nimble in business today, and to stay ahead of the curve.”
For instance, Coca-Cola recognizes the importance of the growing Hispanic market and employs digital marketing experts to explore how its beverages are viewed by those consumers, what questions they may have, and the best way to target information to that consumer demographic.
Proficiency in marketing analytics is rapidly becoming a requirement for many marketing positions and the ability to use analytics to inform marketing strategy is central to leading marketing organizations. Graduates who can strategically use digital analytics to gain and act on insights into consumer search, decision making, purchase activities, and the success of marketing activities are increasingly in demand.
Bernard Gracy Jr. ’85 (ENG), vice president of strategy, Digital Commerce Solutions at Stamford-based Pitney Bowes Inc. said every company today either has to have a digital marketing strategy—or face extinction.
Pitney Bowes is a global technology giant that provides shipping and mailing solutions, data management and engagement software and location intelligence for two million customers, including 90 percent of Fortune 500 companies. It employs 16,000 people.
Gracy said Pitney Bowes used to receive calls from businesses, asking advice on the best location to open a storefront, or the ideal location for a new bank branch. They still do.
“But now what they want is to go global,” he said. “They have globalized digital storefronts that reach consumers around the world. They may want to do business with customers is Botswana, Estonia, Lithuania,” he said. “Digital marketing has never been more important. At Pitney Bowes, we are going through explosive growth.”
The School of Business faculty envisions graduates using their digital analytics and strategic marketing skills in traditional consumer and business-to-business marketing and sales organizations, social media organizations, online firms such as Amazon.com, as well as startups.
Although a general business major has been offered in Stamford for many years, this is the first specialized marketing major offered on the campus and joins the recently launched majors in Financial Management and Business Data Analytics.
“The Digital Marketing & Analytics major concept in Stamford makes incredible sense. Digital media is growing rapidly and the greater Stamford area is becoming a mini mecca for production,” UConn marketing professor Kevin McEvoy said. “We are very central to the marketing and advertising hubs of the world. There are numerous opportunities nearby.”
Meanwhile, students in communication sciences, professional sales leadership, economics and statistics, as well as graphic designers and digital media and design majors are expected to seek the digital marketing and analytics minor.
Approximately 18 percent of the students enrolled in the UConn School of Business are marketing majors.
The Digital Marketing & Analytics major will be available to undergraduate students in Stamford in Fall 2015.
Connecticut Small Business Development Center Opens UConn Storrs Headquarters
This article first appeared in the UConn Business magazine, Volume 4, Issue 3 (Summer 2014)
The sudden death of her father was a horrible personal tragedy for Dorothy Carlone’01 MBA and her family. But for the 14 dedicated employees at General Machine Co. in Berlin, pain mixed with panic, knowing that the company Walter Grzegorzek founded might not survive without him. Continue Reading
This article first appeared in the UConn Business magazine, Volume 4, Issue 3 (Summer 2014)
Faculty & Research
Tim Folta, professor and Thomas John & Bette Wolff Chair in Strategic Entrepreneurship, was named editor for an upcoming 2016 issue of Advances in Strategic Management on the topic of “Corporate Strategy and Resource Redeployment.” Folta was also appointed to the editorial board of Strategy Science and accepted as a fellow to the University of Strasbourg Institute for Advanced Study.
Hongju Liu, assistant professor of marketing, presented a research seminar on advertising spillovers in the pharmaceutical industry on May 2 in the School of Business.
Bill Ross, professor and ING Global Chair, along with co-authors Saerom Lee (University of Texas at San Antonio) and Karen Page (Penn State), were recently published in the Journal of Consumer Research for their research on the roles of empathy and justice in charitable giving.
Data released by Academic Analytics for the 2009-2013 period places UConn’s Management Department in first place (tied with Penn State) in per capita scholarly productivity. Known as the Faculty Scholarly Productivity Index, this ranking considers the research activity of 186 universities nationwide.
The Association for Information System’s (AIS) Senior Scholars’ Basket of Journals ranks UConn’s Operations & Information Technology Department in the top 15 schools worldwide for research productivity over the last five years and 10th in the top two premiere journals alone.
Faculty members retiring from the School this year include Walter Dolde, Linda Klein, Gim Seow and Jim Sfiridis.
Programs & Initiatives
The MS in Business Analytics and Project Management (MSBAPM) Program has been listed among the most prominent big data and analytics degree programs by BI Software Insight.
The School was recently recognized by Insurance News Net for its adaptability to the job market in expanding business programs at UConn Stamford, as well as strengthening its ties with the business community.
Fiserv, Inc., the Savings Bank of Danbury, and Greylock Federal Credit Union have partnered with the Financial Accelerator to develop a business case for enhancing the millennial banking experience through leading-edge technology from Fiserv.
IBM is partnering with the School as part of a nationwide education initiative to help expand and launch new curricula, as well as provide students with business knowledge and IT skills for data intensive careers.
The Financial Management undergraduate major at UConn Stamford has been accepted into the CFA Institute’s University Recognition Program, offering students exclusive support from institute member companies such as Barclays, CreditSights, and Atlantic Asset Management, including access to a wide array of research and financial analytic tools.
The School’s Connecticut Information Technology Institute (CITI) at UConn Stamford has been authorized to provide project management certification training for veterans and other eligible U.S. Department of Veterans Affairs beneficiaries.
The School’s Volunteer Income Tax Assistance (VITA) Program completed its 14th consecutive year with 68 student volunteers assisting 650 taxpayers in completing their income tax returns. The IRS-sponsored program provides free tax assistance and tax return preparation services for individuals who are economically disadvantaged, as well as for international students and scholars.
UConn’s new research partnership in sustainable energy with the Technion-Israel Institute of Technology was awarded a supporting gift from the Satell Family Foundation, founded by Ed Satell ’57.
The School has joined a newly formed Military & Veterans Employer Resource Group (ERG), a collaboration of employers, institutions of higher education and veteran groups dedicated to veteran-centered topics in the workplace, including deployment, resume sharing and buddy programs.
On June 25, the Board of Trustees approved a Master of Science degree and Advanced Business Certificate in Human Resource Management beginning fall 2014.
As of July 1, the Full-time MBA Program and Graduate Career Center have officially moved from the Storrs campus to the Graduate Business Learning Center in downtown Hartford.
Student Achievements
Two UConn teams (out of 200 entrants) placed in the 2014 Connecticut Business Plan Competition: UConn Stamford undergraduates Karlian Brown and Christian Tovar won three months of free co-working space in the Stamford Innovation Center; and Michael Maczka ’14 MBA won a $500 grant for Best Oral Presentation and $2,500 in legal services.
Doctoral student Margaret Luciano (management) was awarded a Society for Human Resource Management Foundation (in partnership with the HR Division of the Academy of Management) Dissertation Grant for 2014 to support her dissertation research.
Recipients of the 2014 Departmental Ph.D. Student Teaching Awards include: Biyu Wu (accounting); Yihong Xiao (finance); Wonseok Choi (management); Selcan Kara (marketing); and Gang Wang (OPIM). Wang also received the School’s Outstanding Ph.D. Student Teaching Award. Margaret Luciano (management) received the 2014 Outstanding Ph.D. Program-wide Student Scholar Award.
Event Roundup
On April 8, the MS in Business Analytics & Project Management Program hosted a career fair in Hartford with representatives from 10 companies and more than 60 students participating.
On April 24, the Accounting Department hosted more than 300 guests at its annual honors banquet and awarded 157 student scholarships.
On May 1, the 12th annual Real Estate awards banquet honored 28 students, alumni, faculty and businesses for their outstanding contributions and achievements.
On May 22, UConn Stamford hosted the first International Haitian Diaspora Summit on Education and Business to promote education, business and cultural exchanges between the State of Connecticut and Haiti.
On June 18, the School, together with Vichara Technologies, hosted “How Technology Can Drive Your Performance Edge,” a 100 Women in Hedge Funds® event at the Stamford campus.
In Memoriam
Ernest A. DiMattia, Jr. ’81 MBA, former faculty member of the UConn School of Business and president and chief executive officer of The Ferguson Library in Stamford, Connecticut, passed away on June 28, 2014.
A professor at the UConn Center for Real Estate and Urban Economic Studies was recently admitted to practice law before the United States Supreme Court. Attorney Lucy Michaud, whose areas of expertise are real estate and business law, has been working with the real estate center at the School of Business as asst. ext. professor and a liaison to the Department of Consumer Protection.
Michaud was among 14 attorneys invited to apply for the special designation by the Phi Alpha Delta Law Fraternity, International (P.A.D.). The accepted group was inducted to the Supreme Court of the United States in a ceremonial ritual on June 2, as part of the 48th annual P.A.D. Day held in Washington, D.C.
Phi Alpha Delta Law Fraternity, International is the largest co-ed professional law fraternity in the United States. Justices Samuel Anthony Alito, Stephen G. Breyer, Ruth Bader Ginsburg, Elena Kagan, and Sonia Sotomayor are all P.A.D. members. Following the swearing-in ceremony, Justices Ginsburg and Sotomayor visited with the group to individually meet the inductees.
Pictured: Lucy Michaud (front, right) and P.A.D. members pose with Supreme Court Justice Sonia Sotomayor (front, center).
We are pleased to announce the winner of the 2014 UConn School of Business Outstanding Ph.D. Program-wide Student Scholar Award.
The purpose of the program-wide award is to recognize a Ph.D. Student Scholar in the School of Business, regardless of stage in the doctoral program, for outstanding scholarly performance.
The award is determined by department nomination and vote by the department faculty coordinators and academic director.
From a group of highly-deserving doctoral student nominations from each department, the recipient of the 2014 Program-wide Outstanding Ph.D. Student Scholar Award is:
This article first appeared in the UConn Business magazine, Volume 4, Issue 2 (Spring 2014) * Links direct to the Business Alumni Network
1960s
Scott S. Cowen ’68, ’10H has been awarded the 2014 TIAA-CREF Hesburgh Award for Leadership Excellence. Cowen and his wife, Marjorie, were also recently awarded the Hannah G. Solomon Award by the National Council of Jewish Women.
1970s
Robert J. Genise ’75 MBA has been appointed as an independent board member at Frontier Airlines. Genise is currently chairman of the board of PCA Aerospace and chief executive officer of Aergen, LLC.
James F. Klotz ’77 has been appointed to vice president, claims strategic operations systems at Selective Insurance Group. Mr. Klotz has held positions such as senior vice president and chief information officer at PMA Insurance and vice president of information systems at Travelers.
Robert E. Schneider ’79 MBA has been appointed to second vice president, compensation at The Phoenix Companies. Mr. Schneider will manage general and executive compensation programs for the company.
1980s
Claire R. Fennessey ’86 joined Clarus Marketing Group as the chief marketing officer. Ms. Fennessey has over 20 years of marketing experience and most recently she was the president of Palm Publishing.
Daniel A. Migliaro ’88 has been named vice president, commercial business development officer, at Newtown Savings Bank. Mr. Milagro also serves as a board member of the Connecticut Business Development Corporation.
William M. Nelson ’87 MBA has been named as the manager for high income funds at Ivy Funds. Mr. Nelson is also a portfolio manager of Ivy Funds VIP High Income and Waddell & Reed Advisors High Income Fund.
Steven C. Snelgrove ’80 has been named president of Howard County General Hospital, a Johns Hopkins Medicine member institution.
Gregory J. Trudel ’83 has been appointed to president and CEO of Encision Inc. Most recently he was the global director of marketing within a division within the Surgical Solutions Group at Covidien.
Rita J. Ugianskis-Fishman ’88, ’95 MBA has been named vice president and general manager of The ASI Show. Ms. Ugianskis-Fishman was most recently managing director of Penton’s Waste Industry Group and is an accomplished trade show executive.
Anne M. Wilkins ’88 has joined AllazoHealth as an advisory board member. Ms. Wilkins has more than 20 years of healthcare experience with a long history of leadership in population health management.
1990s
Jonathan R. Collett ’95 has been elected to partner at CohnReznick in Glastonbury, Connecticut. Mr. Collett is a certified public accountant and is a member of the firm’s financial services industry practice group.
Matthew D. Danyliw ’99 has been appointed to senior vice president of Khamelon Software, Inc. Prior to his appointment at Khameleon, Mr. Danyliw was chief financial officer of Office Furniture, Inc.
Lyle T. Fulton ’94 MBA has joined Guilford Savings Bank as the vice president, commercial loan officer. Mr. Fulton is a seasoned commercial lender in northern Connecticut with over 25 years of experience.
John Y. Kim ’87 MBA has been elected a vice chairman of New York Life. Mr. Kim will now oversee the company’s technology function. He is currently the president of New York Life’s Investments Group.
Anthony A. Licata ’95 has been appointed chief operating officer by Morgan Lewis & Bockius. Prior to his appointment at Morgan Lewis & Bockius, Mr. Licata was chief operating officer at Dechert.
Luigi A. Peluso ’93 MBA has been named managing director of the enterprise improvement group at AlixPartners. Prior to his appointment at AlixPartners, Mr. Peluso served as senior vice president of operations at Hitachi Consulting Inc.
Thomas P. Trutter ’99 MBA received the 2013 Construction Industry Recognition Award from Associated General Contractors of Connecticut. Mr. Trutter is currently UConn Health Center’s associate vice president of campus planning, design, and construction.
2000s
Adam B. Camara ’03 is the co-founder of the national internet marketing firm, Network for Solutions.
Joshua J. Gopan ’02 has been appointed as director of leasing of Hutchinson Metro Center. Mr. Gopan previously worked at Colliers International where he served as a leasing specialist and managing director.
Greg Oshins ’05 MBA has been promoted to vice president of investments at National Realty & Development Corporation. Mr. Oshins has been at NRDC since 2006 when he was a member of the acquisitions and development team as well as the company’s leasing team.
Amanda H. Wallace ’07 MBA has been recognized as a 2013 Working Mother of the Year for representing the best in working motherhood as well as for her outstanding leadership ability. Ms. Wallace is the assistant vice president of strategy and planning for the U.S. insurance business at MassMutual.
2010s
Ryan G. Demadis ’11 has been appointed to vice president, associate producer at NorthMarq. Prior to his appointment at NorthMarq, Mr. Demandis was an associate broker at RM Bradley. He is also the co-founder/director of fundraising for RiseUp Leadership Development Program which provides financial support and mentoring for inner city youth.
Lauren D’Innocenzo ’14 Ph.D. successfully defended her dissertation titled, “Predicting Leader Role Occupance: An Exploration of Shared Leadership Emergence in Project Teams”. Dr. D’Innocenzo accepted a position as assistant professor of management at Drexel University.
Erin Henry ’14 Ph.D. successfully defended her dissertation titled, “The Information Content of Tax Expense: A Firm- and Market-Level Return Decomposition.” Dr. Henry has accepted a tenure-track faculty position at the University of Tennessee.
Bryan P. Schmutz ’13 Ph.D. successfully defended his dissertation titled “Essays on Life Insurance and Healthcare Finance.” Dr. Schmutz has accepted a position at Western New England University as an assistant professor of finance.
Claire Simonich ’13 received the Undergraduate Student Award at the UConn Provost’s Awards for Excellence in Public Engagement. Ms. Simonich spent her time at UConn working in the Office of Community Outreach to lead a new Alternative Spring Break trip to Appalachia focused on rural poverty and labor law. She also led an English language tutoring program for international students at UConn.
Marinela Shqina ’11 has been promoted to controller at Arbors of Hop Brook in Manchester, Connecticut. Ms. Shqina is also a member of the Association of Health Care Facilities, Healthcare Financial Management Association and is a non-CPA member of the Connecticut Society of CPAs.
Tingyu Zhou ’14 Ph.D. successfully defended her dissertation titled, “Three Essays on Decision Making Strategies.” Dr. Zhou has accepted a tenure track position as assistant professor at Concordia University in Montreal.
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This article first appeared in the UConn Business magazine, Volume 4, Issue 4 (Spring 2014)
For alumnus Christopher Lafond ’87 (CLAS), service to community goes hand-in-glove with philanthropy, and he demonstrates both through a new named scholarship fund for students studying at the Stamford campus, where he is also an active volunteer.
Lafond, the CFO and executive vice president of Gartner, Inc., a leading information technology research and advisory company based in Stamford, is a common sight on UConn’s regional campus. He serves on the advisory board for the MS in Financial Risk Management (MSFRM) degree program, regularly speaks to business classes and is helping with programs in the undergraduate marketing department.
“I have a pretty clear perspective, and I’ve chosen to spend my time volunteering in a few areas, mainly around education. Everyone deserves a great education like I had, and if you don’t build a strong, educated foundation in life, it’s very difficult to get ahead.”
He first became involved with the campus when the University reached out to him with an invitation to serve on the MSFRM advisory board, a step that he sees bringing benefits to both the University and the business community in Stamford.
“We have almost 700 employees here; this is local and close to home for us. When we looked to partner with educational institutions, we quickly realized ‘Hey, there’s a great University right here in Stamford.’ It just works for everyone involved.”
Lafond started a financial development rotation program within Gartner, exposing Stamford MBA students to a variety of financial service areas, as well as taxes, business intelligence and more. He says, though, that he especially enjoys personally sharing his business experience with classes of students.
“One of the best experiences for me is making education real,” he says. “I’ll get a question like, ‘Chris, I’m studying this business situation; how would you handle it?’ and I’m able to take the theoretical and turn it into applied practice. I just get a great deal of satisfaction out of it. It takes so little of my time and means so much.”
Lafond soon decided to make a major philanthropic gift to his alma mater, and the decision to create an endowed scholarship for business students at the regional campus was an easy one.
“I know from my involvement at UConn Stamford that there are a lot of students who may not be able to go to Storrs for family or personal reasons. But I want them to look back at their time at UConn and say, ‘I had a great education right here in Stamford.’ And I want to make sure that my gift provides ongoing support, not something that goes away after a one-year period. It will be there for years, helping many students.”
He sees countless opportunities for alumni like him to make UConn stronger through volunteering or philanthropy.
“There are literally endless ways to give back, whether to UConn or whatever else you care about in life. It doesn’t have to be money! If you take an hour of your life and spend it with students, you’ll get the most amazing feedback, and you’ll feel that you’re really making a huge impact in someone’s life. When I am at UConn, I know that I’m helping those students graduate with knowledge they didn’t have before, which will help them in their own careers. So, alumni have an opportunity every day to add value to even their own education. It’s a little thing we can do to help a student that makes a big difference.”
He says that just like the impact of educating students, he wants his philanthropy to pay dividends in life for those who receive the scholarship support.
“I would hope that my scholarship allows some students to have opportunity they otherwise would not,” he says. “If I can help even a single student, that would be such a great thing to accomplish.”
The Business Connections Learning Community graduates its first class of students.
This article first appeared in the UConn Business magazine, Volume 4, Issue 2 (Spring 2014)
When she enrolled in the University of Connecticut four years ago, Andrea Llivichuzhca ’14 wasn’t sure that majoring in business was the best choice for her.
Today the graduating senior, an accounting major, knows she made the right decision.
Llivichuzhca has an impressive resumé, which includes an internship at GE, participation in a corporate leadership program, and a 10-day trip to Paris sponsored by the School of Business. Her experiences also included an internship at The Hartford, where a job is waiting for her after graduation.
She credits some of her success to a choice she made the summer before college—to live in a new, experimental Business Connections Learning Community (BCLC). Located within Belden dormitory, the BCLC opened in 2010 exclusively to incoming UConn business students. Designed to foster their success, the BCLC’s goal is to make students feel like a part of the School of Business from their earliest days on campus.
“I had such a great experience there,” said Llivichuzhca. “I developed close-knit friendships, I visited interesting companies, and I figured out what I wanted to do with my life. I found my passion. I found myself.”
How It Works
Whether visiting Wall Street or local companies, traveling abroad, or enjoying a lunch-time lecture on how to make the most of LinkedIn, the BCLC program caters to the needs of aspiring business students. The programs offered supplement the traditional curriculum and are a special benefit of living in the community.
The first class of students to participate in the program will graduate this year. Although the evidence so far is anecdotal (a formal study is underway), the popular program seems to be paying off with great success. Most of the BCLC participants will be leaving the university with job offers in hand.
Andrea Llivichuzhca ’14
“This program is all about helping students acquire the awareness, skills and insight they need to succeed, as soon as they arrive at UConn,” said Nathan Ives, director of alumni relations and co-director of the BCLC. “We want to instill in them from the beginning that they’re part of something special. This is a unique program, and there are many ways to fit in.”
“I like to think of it as a vitamin supplement that gives you the critical thinking tools and skills you need,” he said, “and a powerful way to secure internships and, ultimately, jobs. Our program is making a difference for these young adults.”
Day One
The BCLC program accepts about 150 students each year. The program grew out of student concerns that they didn’t feel “connected” with the School of Business until junior year when they began taking their business classes.
At the BCLC, faculty and staff are available to help students move in, give them a tour of the business school, introduce them to the Dean, and make them feel welcome. Originally designed for freshmen, the program is now open to sophomores by popular demand.
Sydney Morrison ’17
“The first day, move-in day, was a little crazy; but in a good way,” said Sydney Morrison ’17, a freshman from Trumbull. “I was nervous about what my classes were going to be like, getting around the big campus and meeting new people. But my accounting professor came by and asked how everything was going, and the sophomores, too, were very welcoming. I was more excited to start my college career.”
Llivichuzhca remembers that first impression as well. “I couldn’t believe professors helped freshmen move into the dorm! But that’s the culture of the learning community. Everyone gets involved from day one,” said Llivichuzhca of Bristol. “I always had a feeling that the people in the School of Business were looking out for us.”
Not only do students appreciate that extra attention, their parents do as well, because they feel like the University has a greater stake in their child’s success, Ives said.
The first goal of the program is to help the freshmen bond as a class. Students residing in the BCLC usually take several required classes together, including a First-Year Experience class. Because they live together, it is easy to form study groups before tests or exams.
They are also required to serve on one or more BCLC committees, including community service, international, marketing and public relations, social, sports, house and outreach, which usually leads to strong friendships.
Nick Wolcott ’14
Nick Walcott ’14 from Framingham, Mass., lived in the BCLC his first three years on campus, the latter as a Resident Assistant.
“At first I was very unsure about whether I’d want to live exclusively with business majors, but being from out-of-state and not knowing anyone, I thought it would help my transition,” said Walcott. “I met friends quickly. UConn is a huge school, so that helped it feel smaller.
“As a first-generation college student, I really didn’t know what college was about,” Walcott said. “People showed me the ropes and wanted to help me. I had such a great experience there that I wanted to offer others the same.”
Travel
Samantha Ragusa ’17
Another unique component of the BCLC program is that it offers an annual business-oriented international trip. In its inaugural year, students went to Paris. The following years they went to Munich and Prague, followed by Beijing and Shanghai. This May, students will travel to Madrid and Barcelona.
Samantha Ragusa ’17, a sophomore from Cheshire, said she thinks her trip to Beijing and Shanghai will give her an edge in the workplace.
“I went to historical sites like the Great Wall, but also got to tour five or six companies while I was there. It was great to get that close-up view of international business,” she said. “When I interview, I think it will be something impressive and interesting to talk about.”
The annual trips are underwritten in part by generous alumni contributions that make them more affordable for students, Ives said.
Rebecca Smith ’14 of Niantic lived in the BCLC as a freshman and sophomore and returned as a Resident Assistant her senior year. Now planning a career in healthcare management, she was able to travel to Paris, Munich, Prague and Guatemala during her time at UConn. This summer she will travel through Europe with friends she made her freshman year in the BCLC program.
“You’re making these great connections with your peers, faculty and alumni,” Smith said. “And you know you will meet them again, professionally, at some point in your career.”
Rebecca Smith ’14
Robbie Simpson ’14 from Milford, will begin work at PricewaterhouseCoopers in January. He hopes the BCLC will continue for many years after he leaves UConn.
“UConn is a huge school with so many opportunities and so many people. You have to find a niche,” he said. “What better way than to live with other people who share your interests? By the end of the year, I knew everyone by name.”
Robbie Simpson ’14
“Many freshmen don’t know what to select for a major and this program challenges you to explore new avenues,” he said. “At the same time, it doesn’t consume your whole life. Students still have time for sports or Greek life. I think it works so well because the people in charge really care about it. They made the BCLC really special with all the effort they put into it.”
Through his connections in the BCLC, Walcott got a job working in the School of Business. One day he was asked to give a tour to a potential student. At the end, he gave her his contact information and said to text him with any questions. It turned out the future student’s mother was a high-ranking executive at Deloitte, where Walcott has now accepted a full-time job.
“Thanks to the BCLC, you just have so many connections as soon as you walk in the door,” he said.
Fran Graham, manager of alumni relations for the business school, said her favorite part of the BCLC program is simply the students.
“You see them transform rather quickly. They enroll in the First-Year Experience classes and they just come alive. They visit the School of Business and they serve on one of the committees and they come out of their shells.”
“Many of them come in not knowing what their concentration will be. Some change their major five times! But they soak in everything that’s offered to them. On the international trips, they are in awe. ‘I could work here!,’ they say. They start thinking like business people. They are a joy to work with.”
Without a question, the connection between students, faculty and School of Business staff has strengthened enormously because of the program, Graham said.
“It’s so fulfilling to see them grow and understand the opportunities that are available to them. It’s phenomenal,” she said. “Commencement is going to break our hearts. But we’re so happy for them.”