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Nayden ’76, ’77 MBA offers Wisdom, Insight on the Global Economic Crisis

This article first appeared in the UConn Business magazine, Volume 1, Issue 1 (Summer 2009)

Denis J. Nayden ’76, ’77 MBA, was invited as a guest speaker at a special forum on the global economic crisis. Held at the UConn Storrs Campus on Wednesday, February 11th, this informative and provacative discussion drew an audience of over 100 students, faculty and staff. Continue Reading


John Y. Kim ‘87 MBA Speaks at Undergraduate Commencement ‘09

This article first appeared in the UConn Business magazine, Volume 1, Issue 1 (Summer 2009)

John Y. Kim ’87 MBA is President and Chief Executive Officer of New York Life Investment Management, LLC (NYLIM). Mr. Kim has an impressive 25-year history as a business executive in the investment management and retirement plan industries. In recognition of Mr. Kim’s exceptional professional success and contributions to the community, the UConn School of Business inducted him into its Hall of Fame in 2001. In 2006, Mr. Kim received the prestigious Pinnacle Award through the Asian American Business Development Center’s Outstanding 50 Asian Americans in Business Award program.

 

On May 10, 2009, John Y. Kim ’87 MBA, distinguished UConn School of Business alum and Chief Executive Officer of New York Life Investment Management, LLC (NYLIM), addressed an audience of over 500 graduating seniors, their families, and University faculty and staff at the Gampel Pavilion at the UConn campus in Storrs, CT.

Kim, a self-described “recession graduate” of the 1980s, notes that like today’s graduates, he “came into the job market just as this country was  experiencing its last big recession” and that despite the climate then and now, he truly believes that “the future holds tremendous opportunities.” He offered the graduates some words of advice – “continue to learn, work hard and be passionate in everything you do.”

Kim also noted that “hard work is perhaps not a sufficient criterion for success but certainly a necessary one,” both to become a successful CEO as well as giving back through philanthropic activities. On this note, Kim spoke to the hard work and value of the UConn Foundation Board of Directors where he has just completed his 10-year term limit. The UConn Foundation is a philanthropic, tax-exempt corporation that operates exclusively to promote the educational, scientific, cultural, and recreational objectives of the University of Connecticut.

Kim also spoke to the importance of seeking a life of continuing education. Addressing the graduates, he charged them to “develop and secure passion in your life starting with your career.” Happiness, productivity and pride in oneself as well as the institutions and people around us go hand in hand, he affirmed.


Hall of Fame Induction & Awards Celebration (Summer 2009)

This article first appeared in the UConn Business magazine, Volume 1, Issue 1 (Summer 2009)

On Friday, May 1, 2009, the UConn School of Business inducted five alumni with outstanding achievements in business into the 16th Annual Hall of Fame Celebration in Stamford, Connecticut. The School’s Hall of Fame was established in 1993 to recognize the outstanding business and community achievements of its alumni and students. Since then, over 100 alumni have been inducted.

Alumni Inductees

Jonathan “Jon” Beyman ’76 is Managing Director, and serves as the Global Head of Operations and Technology of
Citigroup’s Global Institutional Bank, since joining the Bank in August of 2008. Jon is a member of the board of DonorsChoose.org, an online non-profit that is dedicated to addressing the scarcity and inequitable distribution of learning
materials in our public schools through Citizen Philanthropy.

John Cutler ’66 is a founding partner of Beers + Cutler, a leading accounting and consulting firm located in Washington, DC. John has enjoyed and taken pride in serving in board and leadership roles at UConn. He served on the Board of Advisors for the UConn School of Business and is now a member of the UConn Foundation where he serves as a chairman of the audit committee.

Pat Friar ’80 recently retired from GE with over 26 years of Finance, Human Resources and Executive Development
experience. She was the Senior Vice President of Human Resources for GE’s Consumer Finance. Pat is an active member
of the School of Business Leadership Cabinet and presents in Executive MBA programs in both Hartford and Stamford.
She’s equally active in her community as an executive coach and a member of the National Charity League.

Tim Friar ’80, ’83 MBA was most recently the President and CEO of the Make-A-Wish Foundation of Connecticut, Inc.,
a not for profit organization that grants the wishes of children with life-threatening medical conditions to enrich the human experience with hope, strength and joy. Prior to joining the foundation, Tim had a long-standing relationship with Make-A-Wish originally as a volunteer and then subsequently as a two-term board member. Tim is an active member of the School of Business Leadership Cabinet.

Walter C. Richter ’81, ’88 MBA is a Vice Chairman of Deloitte LLP. In this role, Walt leads the Office of the CEO
program and oversees interaction with Deloitte’s largest asset clients. Walt is also the audit committee chairman and a
board member of the James Beard Foundation.

 

Emeritus Faculty Award

Dr. Herbert Spirer longed to become an educator after he learned and taught Morse code as an adolescent. After his service in the Pacific Theater in the U.S. Navy during World War II and after earning his Engineering degree, Herb worked for 14 years in industry, first at the General Electric Electronics Laboratory and later in positions of increasing breadth and responsibility at other research companies. Herb pursued his dream and came to UConn as a lecturer in 1966. In 1970, Herb was promoted to assistant professor, and in 1975 he rose to the rank of full professor and continued teaching at the UConn Stamford Campus for a total of 25 years of dedicated service. Herb’s tenure also included service as the director of the MBA Program.

 

Outstanding Strategic Partner Award

Northeast Utilities’ vision for “energy, growth and leadership” and “the energy to make a difference” dovetails with the School of Business’ goals to provide world-class training to the next generation of business leaders as well as groundbreaking research and innovative solutions for industry, while continuing to grow and raise the bar for excellence. The UConn School of Business salutes Northeast Utilities for its dedication to improving communities in our greater Connecticut, Massachusetts and New Hampshire region and its generous support of the School of Business and the University of Connecticut. Jean Lavecchia ’81 MBA accepted the Outstanding Strategic Partner Award on behalf of Northeast Utilities.

 

Student Fellows

Gregory Carbonella, Marisa Coords, David Macionus, Kyle McLaughlin, and Mona Mitri from the Undergraduate Program; Katherine Avery, Full-Time MBA Program; Marisol Maull, Hartford EMBA Program; Nicholas Macsata, Hartford Part-Time MBA Program, Anthony Cannella, Stamford Part-Time MBA Program;Sungmee Choi, Ph.D., Waterbury Part-Time MBA Program; Ann Kummer,MS in Accounting Program; and Ciaran Heavey, Ph.D. Program.


A Conversation with the Dean (Summer 2009)

This article first appeared in the UConn Business magazine, Volume 1, Issue 1 (Summer 2009)

P. Christopher Earley is former Dean and Cycle and Carriage Chair at the Business School, National University of Singapore. Prior to that Professor Earley was Chair and Professor of Organisational Behaviour at the London Business School. He has held academic chairs at Nanyang Business School and Indiana University. He is currently the Dean of the School of Business at the University of Connecticut. Professor Earley’s interests include cross-cultural and international aspects of organizations such as the dynamics of multinational teams, negotiation and conflict, the role of face in organizations, and motivation across cultures. Professor Earley is the author of ten books and numerous articles and book chapters, and his recent publications include Cultural Intelligence: Individual Interactions Across Cultures(with Ang Soon), Multinational Work Teams: A New Perspective (with Cristina Gibson), Culture, Self-identity, and Work and The Transplanted Executive: Managing in Different Cultures (both with Miriam Erez), Face, Harmony, and Social Structure: An Analysis of Behavior in Organizations, and Creating Hybrid Team Cultures: An Empirical Test of International Team Functioning (with E.  Mosakowski, Academy of Management Journal). He has taught executives and consulted for companies such asNestle, Cisco Systems, Samsung, Unilever, British Aerospace, Mercury Asset Management, Eli Lilly Pharmaceuticals among others in England, France, Germany,  Hong Kong, Israel, People’s Republic of China, Singapore, South Korea, and Thailand, among others.

 

Q: Acclimating to a new family, so to speak, always comes with its special challenges and welcome surprises. Please share with us some of your highlights as you’ve adjusted to your new position as UConn’s School of Business Dean.

A: One of the key things I’ve been impressed by is how the faculty and staff have come together, especially under challenging circumstances. We’ve implemented many changes: changes in procedures, changes in course loads, changes in the way we do business. Throughout all these changes, the faculty and staff have been amazingly resilient and flexible. As you know, when you enter into a new family, there’s some level of disruption. However, I’ve been very impressed with the ways that our UConn faculty and staff have embraced these times. People have been asking in a much more iterative fashion, “What are the ways we do things? What are some better ways to accomplish these things?”

 

Q: What are some of your particular goals to ensure that UConn undergraduates are prepared to excel in the 21st century workplace?

A: Well, first and foremost, we’re trying to make experiential learning, one of the three main pillars of our academic plan, more widely available to the undergraduate students. Experiential learning is already extensively available to graduate students, but we’re trying to make sure that undergraduates have more opportunities along these lines, so that these students are matching their real-world experiences with their academic preparation. When students have blended experiences like these, then they have not only a solid academic background, but also practical firsthand experiences and knowledge as well. Secondly, we’re working on ways to strengthen undergraduates’ global exposure. Of course, I have a passion for this emphasis, because of my own background, experiences, research, and consulting. I think for the students, the more we can encourage them to have opportunities to travel abroad, the broader their world vision will become, and the more likely they will view their own part of the world in a much more sophisticated fashion.

Q: Of course, we all know that globalization is impacting all business schools’ curriculum and preparation of future business leaders. In what ways are UConn’s programs responding to these challenges and developing students’ cultural intelligence?

A: When we think about “cultural intelligence,” we are really talking about a multi-faceted approach to intelligence, for there are really different aspects of intelligence. And one of those is “practical” intelligence, and our programs place a very strong emphasis on practical intelligence. I’ve found that that many companies and industry leaders want individuals who have practical business sense, or, in other words, common sense situated within a business context. So I think it’s critical to step back, look at things more holistically, and find ways to integrate classroom learning with real-world contexts. From a globalization perspective, we’ve been working on developing more of an international network. That’s a really critical part of our mission as we move forward. Since I’ve come on board, we’ve actually doubled the number of international partnerships we have. This very big priority goes both ways: it’s not just sending our students abroad, but it’s also having a richer mix of international students at our own university. We’re partnering now with some very prestigious universities in the Middle East, in Asia, in Europe, and this is a very strong emphasis for me, because I think one of the ways our graduates get known is by having our university well-known.

 

Q: Among the myriad of changes we’re experiencing today, certainly the process of earning a college degree is changing as well. More potential students are looking for flexibility and responsiveness—in both course offerings and delivery methods. How is the School of Business responding?

A: Among other things, we’re introducing new programs. We’ve created—and are currently in the process of seeking state-level approval for—a master’s degree in financial risk management. We saw—and responded to—a strong demand for such a program from the business community. We want to roll out this program to improve our students’  employability, and risk management is a key issue during this economic crisis. By responding to the business
community’s needs during these times, we believe we’re going to be at the very forefront of a very different business program. Secondly, we’re trying to offer more general business background opportunities for students at our regional campuses. We’re looking to offer a general business degree, for instance, at all of our regional campuses, and we hope we’ll be able to launch these programs by 2010 or 2011. We want to offer these types of programs for students who don’t
necessarily have the opportunity to take classes in Storrs and who wish for a more generalist background in business.
We’re also looking at different venues and styles for classroom instruction. For example, we want to roll out a variety of different programs—both undergraduate and graduate—for online learning opportunities. Therefore, when people are in nontraditional roles, they can have the opportunity to m triculate at the university. Recently, I met with a student at one of our international events who’s in the military and was deployed in Iraq for the better part of last year. While he was in Iraq, he was taking online courses from UConn. He ended up taking something like 4-5 classes. If it weren’t for these online opportunities, he wouldn’t have been able to keep up that type of connection. He said that he found the experience of working with our online community and our specific style of online education very, very satisfying. We’ve also developed what we refer to as ABCs, or Advanced Business Certificates. The certificates are all comprised of four related courses in a specific area of study. These certificates allow students to specialize in a particular sub-area within their education, without necessarily committing to a full concentration, which would require completing many more courses.
That way, students can develop additional expertise, with which they can make themselves more marketable. We’re offering these certificate programs to students who aren’t necessarily full-time or even part-time MBA students. As long
as students qualify academically to our standards, these students cancomplete a series of linked courses to acquire some specialized knowledge that would benefit them and their organizations.

 

Q: With the current economic downturn, many students and families are naturally concerned about employment prospects upon graduation. However, these students and families also appreciate the first-class education that UConn provides. What advice and wisdom do you have for those who share these concerns?

A: I think it’s important for students to think outside the box with respect to traditional entry-level job placements. While a finance major, for example, may have traditionally wanted to go to Wall Street. I’m encouraging this type of student to consider opportunities at small-to-medium-sized banks in Connecticut. Many of these banks are highly reputable and are financially solid, and students will be able to acquire really good experience that they can then carry with them for the
rest of their career. These positions may not pay as high as the prestigious Wall Street firms, but they do provide security and a wonderful opportunity for graduates to learn new things and practice their craft. Also, I encourage students to think about pairing their different skill sets. For example, if a student is a finance major, then that student mightconsider pairing that background with information technology or management strategy. Students who do so will be able to differentiate themselves more from students who would be, say, finance majors without any developed knowledge in these other areas.

 

Q: The current economic climate has also encouraged many of our alumni—especially small business owners– to revisit their own business models and best practices. In what ways can UConn respond to these individuals’ needs?

A: Certainly, our Innovation Accelerator is a more formal mechanism specifically geared to help people launch new businesses. Also, the Management department’s Wolff Entrepreneurship program offers numerous opportunities for proactive engagement. More broadly, I encourage our alumni to see us as a resource for them. As a resource, we offer them opportunities to work with not only our faculty, but also our students who are eager to consult with them
and help them think through ways to refocus their business strategies and models. In a sense, the more our alumni participate and get involved with our students, both undergraduate and MBA, the more I think our alumni will appreciate that these students are excellent resources for them to draw upon. And the relationship is mutual: students will be able to assist alumni, just as the alumni benefit our students by creating opportunities for them.

 

Q: We’re blessed to have a dedicated, responsive alumni network; many of these alumni have graciously given to the School to support numerous programmatic efforts and scholarships. Please share with us how central these alumni efforts are to helping you and the rest of the UConn faculty realize goals that benefit students.

A: Our alumni network is absolutely critical in so many ways. For example, they bring us opportunities for executive education; they’ll often nominate UConn as one of the possible providers of executive education to their companies. Further, alumni are critical for student placement and for student internships. And, quite frankly, our alumni are very critical for helping us keep a finger on the pulse of what is really going on in the marketplace. For example, the new  graduate program we developed in Financial Risk Management was strongly endorsed and recommended by our senior alumni who are leaders in the financial industry. So developing new programs is really an iterative process, in which our alumni help inform us of what their needs are in the business community, and we in turn then take those ideas to our various departments, so we may design courses that address those needs, and then share our proposed offerings with alumni to receive feedback. Our alumni are especially key to making others aware of the uniqueness of UConn’s School of Business. For example, I’ll often have Deans and Associate Deans from other business schools come to visit us, and after they get a briefing on our Learning Accelerators, they walk away stating that these programs are things they wish they had in their own institutions, for they’ve never seen something so sophisticated before. These unique learning opportunities that help define our programs have helped our School of Business create partnerships that we couldn’t have created otherwise. We’re able to partner with very prestigious schools internationally that see the value of our unique offerings.


Faculty Accolades (Summer 2009)

This article first appeared in the UConn Business magazine, Volume 1, Issue 1 (Summer 2009)

Ackerman Scholars:

The Ackerman Scholar award recognizes significant and continuing all round academic productivity among the faculty of
the School. It is awarded to faculty who are not already supported by Chair or Professorship appointments.

The award is supported by the Ackerman Fund, the School and the departments. The purpose of the Ackerman Fund is to “grant a monetary reward to faculty members who have excelled in classroom teaching, curriculum development, research, outreach to business and state agencies.”

Appointed for the next two years (2000-10 and 2010-11):

Sudip Bhattacharjee, OPIM 

John Knopf, Finance 

Manuel Nunez, OPIM 

Zeki Simsek, Management

Mike Willenborg, Accounting

 

Continuing in their second year:

Robert Bird, Business Law

Robert Day, OPIM

Lucy Gilson, Management

Girish Punj, Marketing

 

Annual Faculty Awards:

Best Paper:

Sulin Ba, Jan Stallaert, Zhongju Zhang, “Online Price Dispersion: A Game Theoretic Perspective and Empirical Evidence,” Information Systems Research.

 

Best Paper Honorable Mentions:

Joseph Golec, Shantaram Hegde, “Pharmaceutical R&D Spending and Threats of Price Regulation, Journal of Financial and Quantitative Analysis (John A.Vernon, co-author).

Manuel Nunez, Robert Garfinkel, “Efficient Short Term Allocation and Reallocation of Patients to Floors of a Hospital During Demand Surges, Operations Research (Steven Thompson and Matthew D. Dean, co-authors).

Michael Willenborg, “Does Auditor Reputation Matter? The Case of KPMG Germany and ComROAD AG, Journal of Accounting Research (Joseph Weber and Jieying Zhang, co-authors).

Dmitry Zhdanov, “Designing Intelligent Software Agents for Auctions with Limited Information Feedback,” Information Systems Research (Gediminas Adomavicius and Alok Gupta, co-authors).

 

Research Excellence:

Co-winners Jim Marsden and Jack Veiga

 

Graduate Teaching:

Tri-winners Mike Willenborg, Gene Salorio and Gary Powell

 

Undergraduate Teaching:

Co-winners Gene Salorio and Zeki Simsek

 

Teaching Innovation:

Co-winners Girish Punj and Mary Caravella

 

On May 5, Dr. Kathleen Dechant, Management Department, delivered a keynote address at the Female  Entrepreneurship Program sponsored by the United Emirates Center for Innovation and Entrepreneurship. Dr. Dechant’s participation in the program was the first initiative undertaken between the business schools of United Arab Emirates University and the University of Connecticut under its recently signed Memorandum of Understanding encouraging joint projects, research and teaching among faculty.

In an analysis of 26 core finance journals covering 17,601 authors and 28,158 papers published over 1959-2008, Shantaram Hegde, Professor of Finance and Associate Dean of Graduate Studies, was ranked at #162 (with 24 appearances in those journals); the other two Finance colleagues ranked are: Tom O’Brien at #267 (19 appearances) and Chinmoy Ghosh at #628 (13 appearances). In another analysis of seven leading finance journals covering 8,975 authors and 13,305 papers published over 1959-2008, Shantaram Hegde was ranked at #375 (with 10 appearances in those journals); the other Finance Department colleague ranked is Tom O’Brien at #900 (6 appearances).

Kevin McEvoy, Instructor-in-Residence in the UConn School of Business Marketing Department, Stamford Campus, has been awarded the 2009- 2010 University of Connecticut Teaching Scholar Award. This is the first year that the Institute for Teaching and Learning has given a Teaching Scholar Award for exemplary teaching by an in-residence or non-tenured faculty member. Also, on Friday, December 12, 2008, Kevin McEvoy was awarded the Delta Pi Epsilon Best Conference Presentation for 2008. His paper, entitled “First-Year Workplace Learning Experiences of New MBA Marketing Graduates”, was presented at the American Educational Research Association Annual Conference, 2008. The paper considers experiential learning in the profession by Marketing MBAs. All award nominations were peer reviewed.

School of Business Dean P. Christopher Earley was recently elected as a Fellow of the Association for Psychological Science (APS). Fellow status is awarded to APS members who have made sustained outstanding contributions to the science of psychology in the areas of research, teaching, and/or application. Previously known as the American Psychological Society, the APS is a nonprofit organization dedicated to the advancement of scientific psychology and its representation at the national and international level. The Association’s mission is to promote, protect, and advance the interests of scientifically oriented psychology in research, application, teaching, and the improvement of human welfare. APS has over 20,000 members and includes the nation’s leading psychological scientists and academics, clinicians, researchers, teachers, and administrators. APS membership includes all fields of Psychology as well as collateral fields such as Business, Sociology, and Communications. There are approximately 2,000 APS Fellows out of the total membership.

Dr. Katharine Pancak, Professor in Residence of Finance and Real Estate, and Dr. Richard Watnick, Associate Professor of Mathematics, will receive the the 2009 UConn Stamford Campus Faculty Recognition award. This faculty award

recognizes the “sustained outstanding achievements in teaching, research and/or services benefiting the Stamford Campus.” The 2009 UConn Stamford Campus Faculty Recognition Award, Staff Recognition Award and Town and Gown Award will be presented on Wednesday, August 26th, at the Town Hall Meeting, in the Gen Re Auditorium, at 11 a.m. to 12:00 noon.

Professor Wayne Bragg was selected as the 2009 Executive MBA Outstanding Professor by the Executive MBA Class of 2009. This annual award, voted by the graduating EMBA class, recognizes EMBA professors who have outstanding teaching skills and concern for students’ learning. This is the second year in a row, and fourth overall, that Wayne has been voted the Outstanding Professor by the EMBA students.

High school seniors were awarded merit scholarships recognizing academic excellence, contributions to school and community, and potential for continued achievement at the Day of Pride and Nutmeg Scholars Spring Banquet, held

on Tuesday, March 3. Seanice Austin, Director of the Office of Diversity Initiatives, and Dr. Richard Kochanek, Emeritus Professor in the Accounting Department, were recognized by the students as mentors.

Stanley F. Biggs, Professor of Accounting, received the Outstanding Educator Award in the Auditing section of the American Accounting Association. This award recognizes outstanding contributions to audit education in form of exemplary contributions in research or teaching over a sustained period of time.

Dr. Murphy Sewall, Professor of Marketing, has been elected to the University Senate for a three-year term beginning July 1, 2009.


   


Business Briefs (Summer 2009)

This article first appeared in the UConn Business magazine, Volume 1, Issue 1 (Summer 2009)

The University of Connecticut MBA team placed 1st in the First Annual Student Business Case Competition presented by the National Black MBA Association (NBMBAA) Westchester Greater Connecticut Chapter held at the UConn Stamford campus on Saturday, May 2nd. The winning team, receiving a prize of $8000, consisted of first year MBA students Richard Martinez, Katharine Mongoven, Abiodun Obajinmi, Brian Rozental and Yingyong Techarungnirun. Continue Reading


Message from the Dean (Summer 2009)

Christopher Earley

This article first appeared in the UConn Business magazine, Volume 1, Issue 1 (Summer 2009)

It is a pleasure to introduce you to the first edition of  UConn Business.

This publication affords us an occasion to share with you our many accomplishments here in the School of Business. As you know, these are challenging times for business in general, and business schools are not unaffected.  Since the business of education is to prepare leaders for the future, I view the current challenges as an opportunity to reinforce our core mission, which is to be a globally recognized provider of exceptional managerial and business leadership. I believe we will fulfill that mission in transformative ways that will ensure our continued success as an educational center of excellence.

Throughout the articles in this edition, you will notice that globalization is a recurring theme. To prepare students to excel in this emerging global village, we are working to cultivate their global mindset; graduates with this comprehensive way of thinking will not only better understand who they are, but also understand how others will respond to them.

Also, we’re not only developing international student/faculty experiences and exchanges, but expanding our international partnerships with other universities, especially in countries that we have previously overlooked. Strengthening these international partnerships is an essential part of building our brand, as we promote our school’s best practices. With these efforts, our business school continues to differentiate itself and demonstrate to students and employers the value-added educational experience that UConn offers.

We’re pleased to report the change and rise in our national rankings as well.

I’m very grateful to my predecessors, to the previous deans who have done a tremendous job of enhancing the quality of our programs. The rankings, certainly at the MBA level, reflect our desire to keep the program a very selective one. We continue to attract the highest quality of students, and one way we do this is through a commitment to offering innovative programs. Our emphasis on experiential learning gives our programs their distinctiveness, and students and employers see tremendous value in their investment with us.

Ultimately, the quality of an institution is judged on the accomplishments of its graduates, and each volume of UConn Business will highlight some of our graduates’ excellent achievements. In addition, we will honor our alumni, who are outstanding, highly accomplished business and community leaders. They are truly the backbone of our school.

I trust that you will find this, and future, editions of UConn Business to be informative, and that this magazine will affirm your pride and investment in UConn’s School of Business.

 

P. Christopher Earley
Dean
UConn School of Business