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Smith Business Close-Up
Archives - 2007
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December 21, 2007 Are the Sunday newspaper ads really triggering you
to buy more at the grocery store?
Manufacturers and
retailers invest billions in
feature ads — so maximizing
their effectiveness is
important for retailers. How
are grocery stores trying to
get your attention? And how
can the strategies these
retailers use help
businesses perfect their
product promotion ads?
In this edition of
Smith Business Close-Up,
Jie Zhang, assistant
professor of marketing at
the Smith School and a
recognized marketing expert
discusses the five key
elements to think about when
creating an advertisement.
Assistant Professor
Zhang’s recent research
projects focus on online
promotion customizations and
shopping behavior, and
various topics that aim at
improving decision making
for retail management. She
is a recognized expert in
applying econometric and
statistical models to study
consumers’ purchase behavior
and response to various
promotion programs. Her
research has won the Procter
& Gamble Marketing
Innovation Research. She has
published articles in
leading marketing journals
such as Marketing Science
and the Journal of
Marketing Research.
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December 7, 2007 One Small Business Helping Many Others through Microfinance
Microfinance is often
considered one of the most
effective, flexible, and
sustainable strategies in
the fight against global
poverty. It consists of
making small loans, usually
less than $200, to
individuals, usually women,
to establish or expand a
small, self-sustaining
business.
In the next edition of
Smith Business Close-Up,
Smith MBA student and
entrepreneur Cherry Kwunyeun
discusses microfinance, how
she started her own business
that uses microfinance to
support small women-run
enterprises, and how other
entrepreneurs can turn their
idea into a successful
business venture.
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November 15, 2007 What is driving the increasing demand for executive education programs?
Business leaders face
challenging decisions driven
by a global economy,
shifting markets and new
technologies. In an
increasingly competitive
marketplace executive
education has become a
favorite strategic weapon.
In the next edition of
Smith Business Close-Up
Alison Buckley, Director of
Corporate Outreach (PPS),
discusses the types of
executive education
offerings today’s leading
businesses rely on and what
companies are doing to
develop talent.
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November 1, 2007 Get the most from a slow housing market
The current housing downturn and the damage it's inflicting on the economy do not appear to be over. With risky, adjustable-rate mortgages still being offered, foreclosure rates could climb even higher. That's a big reason why the stocks of the nation's 20 largest homebuilders have fallen an average 65% since the start of 2007. Is there any good news in all of this?
In this edition of Smith Business Close-Up with Robert H. Smith School of Business, Professor Albert “Pete” Kyle discusses the housing marketing in the Maryland area – what is causing the downturn, has the war in Iraq impacted the situation and how the greater Baltimore/Washington, D.C. area is fairing compared to other regions throughout the country.
Professor Kyle is the Smith Chair Professor of Finance and a recognized expert in venture capital and private equity, corporate finance, option pricing, market microstructure, and asset pricing.
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October 12, 2007 Can social networking sites help your business?
Some experts say it isn’t
what you know, but who you
know that really counts. Do
social networking sites
bring entrepreneurs together
to help small businesses
find potential customers and
investors—or are they more
hype than substance?
In this edition of Smith
Business Close-Up, Tyser
Teaching Fellow and Smith
School Professor Oliver
Schlake discusses the
growing popularity of online
sites such as LinkedIn, the
importance of networking and
his take on whether or not
virtual networking is as
effective as face-to-face
interaction.
Oliver Schlake is a Tyser
Teaching Fellow at the Smith
School, entrepreneur,
researcher and senior
business consultant and
strategic advisor for
leading companies and
government agencies in
Europe and North-America.
His publications and
research on scenario-based
strategic planning and
innovation strategy have
been featured in leading
academic and practitioner
journals worldwide.
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October 4, 2007 New
Markets Growth Fund –
Leading Early-Stage Venture
Capitalism in the DC Area
In this edition of
Smith Business Close-Up,
Rajesh Rai, principal and
co-founder of New Markets
Growth Fund, discusses the
$20 million venture capital
fund located at the Smith
School, that invests in
high-growth technology
companies and start-ups in
the Baltimore/Washington,
D.C. area.
New Markets Growth Fund's
investors include a wide
range of individual
investors as well as
companies from both the
private and public sector
and economic development
organizations including
Empower Baltimore and the
Maryland Department of
Economic and Business
Development. To find out
more about the fund, visit
www.newmarketsfund.com
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September 20, 2007 How Will Recent Product Recalls Impact Manufacturing in China?
What do the recent
manufacturing problems in
China mean for U.S.
businesses and consumers? In
this edition of Smith
Business Close-Up, Smith
School professor Anil Gupta,
discusses the outsourcing of
manufacturing to China, how
this impacts U.S. business
and China’s role in the
global economy.
Professor Anil K. Gupta
is the Ralph J. Tyser
Professor of strategy and
entrepreneurship at the
Smith School. He is the
research director of the
Dingman Center for
Entrepreneurship and also
the research director for
the Center for International
Business Education &
Research (CIBER). Professor
Gupta is a recognized expert
in the fields of strategy,
globalization, innovation
and entrepreneurship and
organization design.
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September 6, 2007
Build loyalty and profits
with good customer service
Who
are customer service
leaders? What do consumers
expect and what can you do
to make sure your customers
stay happy? In the next
edition of Smith Business
Close-Up, Smith School
marketing professor Janet
Wagner discusses new
trends in customer service
and what businesses can
learn from success stories
like Southwest Airlines,
Yahoo and the U.S. Postal
Service.
Professor Wagner is the
Associate Chair of Marketing
and an associate professor
at the Smith School and a
recognized expert in
services marketing. Watch the Video:
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August 23, 2007 Social
Responsibility: The
Importance of Doing Good
Social venturing is a
popular buzz word today. Why
are more and more people
concerned with being
socially responsible today?
In this edition of Smith
Business Close-Up,
Melissa Carrier,
associate director of the
Dingman Center for
Entrepreneurship, discusses
the role social
responsibility plays in
business today, how people
can become more socially
responsible and what we are
learning from local
businesses today about
corporate social
responsibility. Carrier is a
recognized expert in
acquisitions and
divestitures, venture
investments, partnerships,
new product launches, system
implementations, and
marketing.
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August 9, 2007 Are You Looking in all
the Right Places? New Ways
to Reach Your Customer
In
today’s world of 24/7
communication, consumers are
bombarded by television,
radio, newspaper and online
advertising—receiving
approximately 3,000 messages
each day. Breaking through
this clutter is critical for
businesses trying to reach
their customers and
differentiate themselves
from the competition.
In this edition of
Smith Business Close-Up
with the University of
Maryland’s Robert H. Smith
School of Business, Kathy
Boyle discusses
untraditional ways companies
can target their audience in
today’s increasingly
competitive advertising age.
Kathy Boyle is an adjunct
faculty member at the Smith
School and a recognized
strategic marketing
communications expert. Watch the Video:
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June 26, 2007
Taxing
the Super Rich
Until
recently few private equity
firms expressed worry about
what lawmakers in Washington
could do to slow the success
of the buyout market. A bill
that was recently introduced
in Congress took many
private equity executives by
surprise and could
potentially impact the way
private equity firms sell
shares to the public.
In this edition of
Smith Business Close-Up
with the University of
Maryland’s Robert H. Smith
School of Business,
Professor Albert “Pete”
Kyle discusses private
equity billionaires, the
loophole in the tax code
that allows America’s very
wealthy to pay a much lower
tax rate than working people
and what lawmakers are doing
about it.
Professor Kyle is the
Smith Chair Professor of
Finance and a recognized
expert in venture capital
and private equity,
corporate finance, option
pricing, market
microstructure, and asset
pricing.
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June
21, 2007
China: Is the reward
worth the risk?
Everyone knows emerging
markets are a big
deal—they've got growing
populations and increasing
wealth. But what is the best
way to leverage resources of
an emerging market?
In this edition of
Smith Business Close-Up,
Tien Wong,
Entrepreneur-in-Residence at
the Smith School, discusses
emerging markets in China,
his entrepreneurial
experience in that country
and his insight on China’s
economy.
Tien Wong is Chief
Executive Officer of Opus8,
Inc., a Chevy Chase,
Maryland-based private
investment firm specializing
in middle market buyouts,
private equity and venture
capital investment, and an
Entrepreneur in Residence at
the Dingman Center for
Entrepreneurship at the
Smith School. Tien Wong is a
recognized international
expert in CRM, direct
marketing and business
process outsourcing (BPO). Watch the Video:
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June
7, 2007
What can consumers do to
lessen the blow of rising
utility costs?
Residential
customers of Maryland's
largest electricity
provider, Baltimore Gas and
Electric, will see their
bills increase by as much as
50 percent next month under
a plan that state regulators
recently approved.
In this edition of
Smith Business Close-Up,
Smith School Professor
Charles Olson, a
recognized expert in the
field of energy economics,
discusses Maryland’s utility
crisis, deregulation – and
whether or not it really
provided competition, lower
prices and a reliable power
infrastructure – and his
take on whether or not
Maryland power companies
manipulated rates. Watch the Video:
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May
24, 2007
The
secret to success at the box
office
This
Memorial Day weekend
millions are expected to go
to the movies. Which films
released over this prime
summer kick-off weekend will
sell the most tickets
remains to be seen.
In this edition of
Smith Business Close-Up,
Smith School management and
organization professor
David Waguespack makes
his predictions based on his
research that assesses what
makes a film successful. He
discusses the movie
industry, why established
business partnerships are
often critical to a film’s
success and what has caused
some of the biggest players
in Hollywood to make
multimillion dollar
mistakes. Professor Waguespack is a
recognized expert in film
production and distribution,
internet technology
development, international
patenting, and environmental
management.
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May 10,
2007
Business Schools Get Back
to Basics
Today’s
MBAs are considering
business schools not only
based on the school’s
reputation, rankings and
curriculum – but,
increasingly, based on the
unique experiential learning
opportunities business
schools offer.
Businesses, too, demand
that today’s MBAs
immediately apply the skills
they learn in b-school to
the day-to-day
responsibilities of the
company.
In this edition of
Smith Business Close-Up,
Tray Spilker a second
year MBA student talks about
the Smith School’s $1.2
million
Mayer Fund, his role as
the fund’s portfolio manager
and how today’s top business
students are preparing for
the real world. Watch the Video:
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April
26, 2007
Closing the Gap
Between Knowledge & Action
Businesses demand that
today’s graduates be able to
immediately apply the skills
they learn as students to
the day-to-day demands of
the company. Through unique
experiential learning
opportunities at the Smith
School, today’s business
students are closing the gap
between theory and practice,
and knowledge and action.
In this edition of
Smith Business Close-Up,
Gerald Suarez,
executive director of the
QUEST program, an executive
education senior fellow at
the Smith School, and a
recognized expert in
organizational redesign and
quality management,
discusses the increasing
demand for real-world
learning experiences and
what is driving this change.
Suarez discusses
Quality Enhancement System
and Teams (QUEST) Program's
reality-based learning
experience that unites
undergraduate students in
business, engineering, and
computer, mathematical and
physical sciences and how
students are providing real
value to some of the
region's top companies.
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April
5, 2007
How
does information technology
impact the securities
business today?
Retail brokerage is one
of the most successful
examples of e-commerce, it
is estimated that about 25
percent of stock trades are
entered online by investors,
more at brokers like Schwab,
and close to 100 percent at
brokers like eTrade.
In this edition of
Smith Business Close-Up
Hank Lucas, professor
and chair of information
systems at the Smith School
and a recognized expert on
information technology,
discusses how IT is
impacting the securities
business today. Professor
Lucas also discusses the
upcoming
7th Annual Netcentricity
Conference (to take
place April 27th) hosted by
the Smith School. Richard
Schaeffer, chairman of NYMEX
Holdings, Inc. and the New
York Mercantile Exchange,
Inc., is the conference’s
keynote speaker. Watch the Video:
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March
22, 2007
Has your
doctor's office adopted to
the 21st century?
Most industries use
information technology to
make their businesses more
cost-effective, more
efficient and more
productive. The healthcare
industry is, by many
estimates, behind in the
adoption of information
technology.
Many physicians’ offices,
hospitals and insurers still
rely on archaic paper
records systems. How this is
evolving and what part
government will ultimately
play is an ongoing debate in
Washington and within the
healthcare industry.
In this edition of
Smith Business Close-Up
Corey Angst,
Associate Director of the
Center
for Health Information and
Decision Systems (CHIDS)
at the Smith School and a
recognized expert in the
barriers to health
information technology
adoption and diffusion,
talks about the latest
debate in the healthcare
industry, what it means for
the you – the patient, and
what to expect down the
road. Watch the Video:
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March
8, 2007
Going global: how
marketing a brands’
“personality” increases
international sales
Brand
personality is a critical
component to any successful
international brand
strategy. What is brand
personality and why do
today’s marketers need to
know about it?
In this edition of
Smith Business Close-Up
Amna Kirmani,
marketing professor at the
Smith School and a
recognized expert on product
branding, talks about brand
personality, global
marketing and how the values
of different countries
impact global strategy. Watch the Video:
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February 22, 2007
Surviving Past Start-Up:
how to find capital for your
new business
Nearly
all entrepreneurs face
challenges when it comes to
finding capital for their
new ventures. It takes
energy and creativity to
locate the necessary
start-up financing.
In this edition of
Smith Business Close-Up,
Asher Epstein, managing
director of the
Dingman
Center for Entrepreneurship,
gives tips on ways to
identify and leverage
resources when launching a
new business. Watch the Video:
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February 8, 2007
Point and Click: More
consumers go online
Online
retail sales reached an
all-time high last year – a
total of $102 billion,
jumping 24 percent from $82
billion in 2005, according
to comScore Networks, an
Internet information
company. 2006 also marked an
important milestone for
online retailing – it is the
first year online sales
exceeded the $100 billion
level.
In this edition of
Smith Business Close-Up,
Jie Zhang, assistant
professor of marketing at
the Smith School and a
recognized expert on online
marketing, talks about the
reasons why online shopping
is more popular than ever
and what trends and
improvements consumers can
expect in 2007. Watch the Video:
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February 1, 2007
$2.6 million for a
30-Second Advertising Spot?!
Do Companies Score Big
with Expensive Super Bowl
Commercials?
When the Chicago Bears
take on the Indianapolis
Colts in Miami for Super
Bowl XLI on February 4, one
thing remains clear,
advertisers seem eager to
pay record amounts for what
is typically the
most-watched television
event of the year.
More than a dozen
marketers (including
Anheuser-Busch, FedEx,
General Motors and the
Frito-Lay and Pepsi-Cola
divisions of PepsiCo) have
agreed to pay an estimated
average of $2.6 million for
each 30-second commercial
that will appear during the
CBS broadcast of the game.
But are the ads really
worth the prices advertisers
are paying for them? And how
are marketers trying to
stand out? In this edition
of Smith Business
Close-Up, Roland Rust,
the David Bruce Smith Chair
in Marketing, Marketing
Department Chair and
Executive Director of the
Center for Excellence in
Service, gives his expert
advice on why advertising
during the Super Bowl is so
lucrative. Watch the Video:
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January 18,
2007
Carly Fiorina Talks about
the Global Economy
In this edition of Smith Business
Close-Up, former
Hewlett-Packard CEO Carly
Fiorina talks about the global
economy and America's role.
Fiorina is the author of the
recently published book,
Tough Choices: A Memoir. She
received her MBA from the Smith
School in 1980. This is the
final episode of a three-part
series with Fiorina.
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January 4,
2007
Former Hewlett-Packard
CEO and Smith alum Carly Fiorina
talks about women in business
In this edition of Smith Business
Close-Up, Mindy Mintz talks
to former HP CEO Carly Fiorina about
how women can and are thriving in
business today. Carly Fiorina is
the author of the recently published
book, Tough Choices. She
received her MBA from the Smith
School in 1980.
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