News Briefs

Teams Play Supply Chain Game in First Global Competition
The Supply Chain Management Lab at the Smith School was buzzing by 8 a.m. on Oct. 24 as four teams of Smith students logged onto computers to compete against teams from around the world in the first global competition of the Supply Chain Game. Developed by researchers at the Robert H. Smith School of Business and Delft University of Technology in the Netherlands, the game is the first real-time simulation that pits players against each other in an online interactive environment. Players vie to increase profits and market share by creating the most efficient supply chain in a world where unexpected problems, their business decisions and the decisions of their competitors impact the game.

 Teams from five schools participated: Smith, Penn State, CERAM in France, Nankai University of Technology in China, and the University of Groningen in the Netherlands. The game was a lead-up to a larger competition the Smith School plans to host this winter, in collaboration with sponsor Sun Microsystems, in which teams around the world will compete for prize money donated by Sun.

►Full Story, with photos from teams around the world



Faculty and staff, join us on the evening of November 13 at the Tysons Corner Ritz Carlton for an alumni networking and book signing event featuring Carly Fiorina, MBA ’80, former chairman and CEO of Hewlett-Packard, as she discusses her new book Tough Choices: A Memoir. In Tough Choices, Fiorina writes with brutal honesty about her triumphs and failures, her deepest fears, and her most painful confrontations—including her sudden and very public firing by HP’s board of directors. The book outlines the rise of one of the most powerful businesswomen in America. Her book is a must-read—and she is a must-see! ($30 for Faculty/Staff/Students).
►More Information/Register Online
    THERE ARE ONLY A FEW SEATS REMAINING
    REGISTER ONLINE NOW!

 

Smith School Honors Leaders for Freight Transportation
Contributions at Annual Industry Day

Jeffrey N. Shane, under secretary for policy at the U.S. Department of Transportation, and Ron Widdows, chief executive of global transportation company APL Ltd., received the joint 2006 “Person of the Year Award” from the Smith School’s Logistics, Transportation and Supply Chain Management (LTSCM) Society and the Supply Chain Club (SCC) on Oct. 27 in a ceremony at the university’s Stamp Student Union Grand Ballroom.
►Full Story

MBA Alumni Mentor Program Kickoff
“Strengthening the Foundation” is the theme of the 2006-2007 Smith MBA Alumni Mentor Program (AMP), which got under way on Saturday Oct. 21st, with a kick-off celebration that gave mentors and protégés the opportunity to meet for the first time. The morning offered speakers including AMP Steering Committee members Glenn Gargan '87, MBA '02, and Assistant Dean Joanne Ferchland-Parella, MBA '06, who encouraged participants to get involved with the program to the fullest extent.
►Full Story

  More Latest News
 Smith Strategic Plan 2006-2011 (Available Online)
 Fall 2006 Smith Business Magazine
 Fall 2006 Research@Smith Newsletter
 Business Ethics Lecture Series, 11/08
 CIO Forum, 11/3

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Spotlight:  Associate Dean Scott Koerwer

As an entrepreneur in education, Dr. Scott Koerwer has served as senior director at the Wharton School of the University of Pennsylvania, launched three companies, and worked as a consultant for a variety of companies and entrepreneurial ventures. Koerwer, associate dean of professional programs and services, joined the Smith School in 2001 because of its dynamics and the opportunity to build an executive program. In his role Koerwer oversees all the programs and services that fall between the undergraduate and PhD programs. Here at Smith this encompasses a number of programs which include the MBA & MS programs, the part-time MBA program (delivered in three locations), the executive MBA programs (world-wide), and Smith Advisory & Collaborative Services – which delivers consultative educational solutions for small to medium sized organizations. Koerwer takes pleasure in working here at Smith because he likes everything about the school. He gets to work with a smart, committed team, a world-class faculty and an evolving student body, and for a school that is continually advancing.
►Full Story

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Smith School in the News

 
The (Baltimore) Sun – Oct. 31, 2006 – Fast-food chain Kentucky Fried Chicken announced plans to cut out unhealthy trans fats, following some other chains. Assistant marketing professor Jie Zhang is quoted, saying soon all major restaurants will likely address the issue soon. Read more

The New York Times – Oct. 29, 2006 – A Q&A about starting a business while keeping your current job asks “Is it ethical to plan and operate an independent business on your employer’s time?” Asher Epstein, managing director of the Dingman Center for Entrepreneurship said it was acceptable to work on side projects during lunch hour, if you’re not using company resources to do so. Read more

Financial Times – Oct. 23, 2006 – The Smith School’s custom MBA program for SAIC is highlighted in a story about the trend of such programs. Alison Buckley is quoted and SAIC’s manager of learning programs and partnerships talks about the program. Read more

BusinessWeek Online – Oct. 30, 2006 – A story about weak third-quarter GDP numbers points to a housing slump and potential real estate recession. Business professor Peter Morici is quoted. Read more

Christian Science Monitor – Oct. 30, 2006 – Car buyers could see some good deals as the auto industry looks to unload inventory. It could impact the economy. Business professor Peter Morici is quoted. Read more

Journal of Commerce Online – Oct. 27, 2006 – The Smith School honored U.S. Department of Transportation Under Secretary Jeffrey N. Shane and APL Chief Executive Ron Widdows with the “Person of the Year” award at an Industry Day ceremony.

NPR Day to Day – Oct. 25, 2006 – A story about DaimlerChrysler earnings includes an interview with business professor Peter Morici, who talks about U.S. automakers. Read more and listen online

Wall Street Journal – Oct. 24, 2006 – An article about getting better deals on car purchases points to a Smith School study. “Researchers at the University of Maryland's Robert H. Smith School of Business in College Park, Md., found consumers who used the Web to obtain price-related information paid an average of about $404 less than the average buyers of the same vehicles. They also found consumers who obtain pricing data online visit fewer dealerships and complete their purchases more quickly.”

China Economic Review – Oct. 23, 2006 – Management and Organization professor Gilad Chen gave a public lecture in Shanghai and sat down with China Economic Review for a brief Q&A on cross-cultural management issues before the lecture. Read more

Science magazine – Oct. 20, 2006 – David Kirsch, management and organization professor, reviews the documentary “Who Killed the Electric Car?” Kirsch is a historian of emerging industries and wrote a book about the history of the electric car. Read more

►Read More from Smith School in the News

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Smith Business Close-Up on MPT

Thursday, November 2, 7:30 p.m.
Friday, November 3, 6:00 a.m.

Local Entrepreneurs – and Smith MBA Alums – Attempt to Break Up Big Game Monopoly
Hasbro is the 800-pound gorilla of the $5-billion board game industry, owning Parker Brothers, Milton Bradley and dozens of smaller companies. Under these conditions, the challenges of successfully marketing a new board game to the mass market are enormous.

In this week's edition of Smith Business Close-Up local entrepreneurs and Smith MBAs Dominic Crapuchettes and Satish Pillalmarri, co-owners of North Star Games, discuss the challenges of starting their own business and how new start-ups can stay ahead of the pack in an increasingly competitive marketplace.

Smith Business Close-Up can be seen bi-weekly on Maryland Public Television's Business Connection. Watch Smith MBA alums Dominic Crapuchettes and Satish Pillalmarri Thursday, November 2 at 7:30 p.m. and Friday, November 3 at 6:00 a.m. on public television stations throughout Maryland and the Washington, D.C., metropolitan region, including:

    ■ WMPB-TV (Ch. 67), Baltimore
    ■ WMPT-TV (Ch. 22), D.C. metro/Annapolis
    ■ WCPB-TV (Ch. 28), Salisbury
    ■ WFPT-TV (Ch. 62), Frederick
    ■ WWPB-TV (Ch. 31), Hagerstown
    ■ WGPT-TV (Ch. 36), Oakland

►Watch previous episodes online.

 

 

Faculty Up Front

Perspectives in Operations Research: Papers in Honor of Saul Gass' 80th Birthday (Operations Research/Computer Science Interfaces Series)New Book Released
Perspectives in Operations Research: Papers in Honor of Saul Gass' 80th Birthday in "The Springer's Operations Research/Computer Science Interfaces Series," was edited by Smith Professors Frank Alt, Michael Fu and Bruce Golden with contributions from distinguished INFORMS luminaries such as
Tom Magnanti, Dick Larson, Karla Hoffman, Randy Robinson, and Al Blumstein. The contributors, among the most prominent scholars in the field of operations research, offer their perspectives on the history of the field, current trends in research, and future problems of interest. There will be a special autograph session by Saul Gass, professor emeritus of management science at Smith, on Monday, Nov. 6 from 3-5 p.m. at the INFORMS Pittsburgh meeting at the Springer booth in the Exhibits area; see also www.rhsmith.umd.edu/dit/news/opsresearch.html
for information on the symposium that took place on February 25, 2006.

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Technology@Smith

New Password Policy
Many of you have seen recent communication from the University’s Office of Information Technology (OIT) regarding their new policy for passwords in the University Directory. We will take this opportunity to explain what this means to you as a part of the Smith School community. If you have any questions at all, please contact the Smith IT Help desk at helpme@rhsmith.umd.edu or at 301-405-2269.

Many of you are (and should be) suspicious of e-mail asking you to change your passwords. The message from OIT is genuine – they have in fact changed their policy, and if you have not changed your password since August 16, you will need to change your password to continue accessing systems such as Blackboard, the eSmith portal, ARES, Testudo, and the campus wireless network. In addition, from now on passwords will expire on University systems every 180 days.

We urge everyone who has received a message about their University Directory password expiring to go to the university’s password site at http://password.umd.edu well in advance of the deadline. The servers handling the password rotation have shown signs of overloading, and you don’t want to get caught in the rush on the last day. There are two upcoming dates for these changes - November 8th and November 15th. The notification e-mail you receive from OIT will indicate which expiration date your account will be assigned – you cannot choose or change this date.

If you have not already done so, when you go to their site to reset your password you will be prompted to enter the answers to a set of security questions. This set of questions will be used to validate your identity in the future should you ever forget your password. With these questions, users will be able to reset their own passwords without having to contact the OIT help desk.

We know that many will find getting used to the new password policy to be painful, but this change of policy is an important step in securing computer resources at the University. State auditors created the password quality and rotation policy in alignment with state and industry best practices. Smith will be matching the policy to protect our own systems using the same standard in the near future. In fact, in an independent security penetration audit contracted by Smith IT, the only breech of Smith system security was through a low-quality password. It is vital we protect our systems and data from attack.

Questions with Answers
Q: Can I be exempt from the new policy?
A: We are unaware of anyone being granted an exemption by the University’s Office of Information Technology.

Q: Why is such a difficult policy in effect? What’s the point?
A: Security breeches at universities have made big headlines over the past few years. Because university networks (and UM is no exception) are so open on the Internet, they are especially susceptible to attack. It’s important that we follow industry best practices to protect all of our systems. It is often very easy for one compromise in one seemingly unimportant system to lead to other systems being compromised.

There are widely available programs that guess passwords. The site http://www.lockdown.co.uk/?pg=combi lists the time required for these programs to correctly guess passwords of different compositions. For example, a single typical desktop computer can guess an eight-letter password using just lower case letters in a maximum of 348 minutes, but the same length password using a mixture of upper and lower case letters plus numbers and symbols would take 23 years!

Q: What is Smith going to do to make this easier?
A: While the campus is providing no support to departments and colleges to implement their own security improvements, the Smith School is taking the lead in helping its users secure their systems. This summer we installed a new password change utility that will allow you to change the passwords for all of your Smith accounts (Netware, Lotus Notes client, and Lotus Notes internet) on one Web page. This system was rolled out to the incoming graduate students this fall, and based on the experience gained from that rollout we are developing a rollout plan for the rest of the school. The current plan is that we will call for Smith users to change their passwords to be compliant with the new policy in February, after we have fully deployed the tool. 
More detail on the password synchronization tool will come in a future message.

New Smith IT Web Site
Over the last several months, the Smith IT Staff have been working on a new look for their Web site. On October 19th, our new Web site went live. Please visit our new site at http://www.rhsmith.umd.edu/smithit and send any comments or suggestions to helpme@rhsmith.umd.edu.
 

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Bulletin Board

11/13 Beijing Smith Leadership Series & Information Session. Gilad Chen, associate professor of management and organization, will speak on "How to manage human capital in a globalized company," at the Beijing American Club. To register or for more information e-mail: beijing@rhsmith.umd.edu or phone: 8610 6510 2600.


Five members of College Park's EMBA 6 will travel to Shanghai, China, to attend a Leadership Development elective course taught by Dr. Gilad Chen, Nov. 16-19. They will be keeping a daily blog while they are there. The EMBA Blog will be online at http://blogs.rhsmith.umd.edu/emba

Smith EMBA7 will be starting on November 12 and EMBA5 will be wrapping up with their Business Simulation that following week in College Park.

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Robert H. Smith School of Business

November 2, 2006

 

Upcoming Events

11/3    CIO Forum
11/13 Beijing Smith Leadership Series & Information Session.
Gilad Chen, associate professor of management and organization, will speak on "How to manage human capital in a globalized company," Beijing American Club. To register or for more information e-mail: beijing@rhsmith.umd.edu or phone: 8610 6510 2600.

College Park FALL TERM
11/23-24
Thanksgiving Holiday
12/20 UM Commencement
12/21 Smith Commencement

Holiday Calendar

 

 

$1 Billion
Goal for
UM Campaign

►Find out more

 

 

Van Munching Hall's North Wing
►Construction Update

 

 



 

Smith School History

1965
The college's first major research grand - $182,500 - is received from the Federal Bureau of Public Roads to fund a two-year study of public demand for various transportation systems and modes of travel.

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