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News Briefs
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 Carly
Fiorina, MBA '80, To Speak at Smith's Spring
Commencement
Carly Fiorina, MBA ’80,
former chairman and chief executive officer
of Hewlett-Packard, will be the keynote
speaker at the Smith School's spring
commencement ceremony on May 22, 2006. Fiorina last spoke at Smith during the 2003
CIO Forum.
►See video highlights from the event online.
Smith Team wins the
Entrepreneur’s Choice Award at the Venture
Capital Investment Competition (VCIC)!
 Capital Access Ventures, comprised of Mark
Slusser, Anne Engebretsen, Avi Lerner,
Susannah Campbell and Karl Olson, had
earlier won the Smith (internal) round of VCIC held on February 24th, 2006. The
internal round was sponsored by the Dingman
Center of Entrepreneurship, Office of Career
Management and venture capital firm Opus 8.
Elaborating on the experience, first year
MBA student Anne Engebretsen said,
“representing the Robert H. Smith School of
Business at the VCIC Regional Round at
Georgia Tech in Atlanta was a wonderful
experience. We competed against seven other
teams for two long days (and nights) and
ended up winning the Entrepreneur’s Choice
Award. The competition proved to be a test
of our ability to appropriately and
effectively divide up tasks and our ability
to perform at a high level on little sleep”.
The team felt that getting constructive
feedback from VC judges was their most
valuable experience at the competition. She
also praised the Dingman Center of
Entrepreneurship for the added value it
provides to Smith students, “having worked
as Company Analysts with the Dingman Center
for Entrepreneurship’s Capital Access
Network definitely worked to the advantage
of Capital Access Ventures. We are aware of
each others’ strengths and weaknesses and
could effectively leverage these in a
competitive setting like the VCIC. We also
knew what to look for in the business plans
and what questions to ask the
entrepreneurs”.
The southeast regional round was held at
Georgia Tech, Atlanta from March 2-4, 2006.
Each group was handed a fund profile and two
copies of each of the five business plans on
Thursday evening. The teams were supposed to
eliminate a few of the companies based on
this information, and to form questions for
the 30-minute Q&A sessions with the
entrepreneurs the next morning. All teams
had until Saturday morning to make their
investment decisions and present to the
judges. The judges based their decision on
the teams’ Executive Summary, Term Sheet,
and a six-minute presentation followed by a
nine-minute question and answer session.
Please use this link to view more details on
the competition:
http://www.vcic.unc.edu/
Puttin' on the Ritz
The Northern Virginia Alumni Chapter
will be hold a networking event
featuring Ken Rehmann ‘84, Vice
President of Finance and Business
Development at Ritz Carlton on Tuesday,
April 18, 2006
Rehaman will speak about Ritz-Carlton's
branding strategy and the company's
philosophy for achieving excellence in
customer service The Ritz-Carlton has
become a distinguished leader in an
industry where customer service is key
to the company's bottom-line. Among the
grand hotels of the world, The
Ritz-Carlton name is synonymous with
satisfaction. "The Ritz-Carlton provides
the finest personal service and
facilities throughout the world."
The event will run from 6:30 - 8:30 pm
at Ritz-Carlton Tysons Corner. To
register, click here:
www.rhsmith.umd.edu/alumni
Lehman Executive To Make Speech on
Culture
An alumni networking event dubbed “The
Power of a Culture” will be held on
April 11, 2006. The keynote speaker will
be Lehman Brothers Chief Administrative
Officer, Dave Goldfarb ’79.
Lehman Brothers’ culture is the Firm’s
most distinguishing characteristic and
the reason behind its successful and
permanent transformation into one of the
world’s premier, global investment
banks. It is a culture that relies on
all of its employees working together to
deliver the best and most innovative
solutions to clients worldwide. The key
ingredient of this unique culture is the
Firm’s ownership mentality. Goldfarb
will give aspiring CFOs tips on how to
integrate this collaborative philosophy
into their work environment.
The event will be run from 6:30 to 8:30
pm in Van Munching Hall. Registration
will close on April 4, 2006. For more
information go to
www.rhsmith.umd.edu/alumni
13th Annual
William D. Bradford Minority Awards
Banquet
Continuing the tradition set by William
D. Bradford, former Chair of Finance and
Associate Dean and Acting Dean of the
Maryland Business School, of celebrating
excellence in the African American and
Hispanic communities, the Black and
Hispanic MBA Associations will host the
13th Annual William D. Bradford Minority
Awards Banquet on Thursday, April 13,
2006.
Themed “Diversity Leadership in the 21st
Century,” the event aims to showcase the
accomplishments of their organizations
and honor companies and people that have
made remarkable impacts in the minority
communities and beyond. This year’s
keynote speaker will be Aeon Cummings,
Vice President, GE Consumer Finance and
Chair of the African American Forum.
Tickets for the event are $30 for
students and $50 for non students.
Ticket price includes dinner and two
drinks during the reception. To register
online and purchase tickets for the
event, please visit:
Please RSVP
by April 1, 2006, To learn more about
the event or if your organization is
interested in becoming a sponsor for
this event, please contact Kipruto Yego
at
kipruto_yego@rhsmith.umd.edu or
(240) 899 4625.
Details of Event:
Date: April 13, 2006
Time: 5:30 p.m. – 8.30 p.m.
Venue: Samuel Riggs Alumni Center
University of Maryland
College Park, Maryland
Attire: Business formal
Smith School Launches Second
Annual $50K China Business Plan Competition
The second annual
China Business Plan Competition is a contest
that offers aspiring Chinese entrepreneurs
the chance to present a business idea
focused on information, communication or
technology to compete for a $25,000 grand
prize, $15,000 second prize or $10,000 third
prize. The start of the competition was
announced last week in Beijing by Asher
Epstein, managing director of the Smith
School’s Dingman Center for
entrepreneurship. The news conference was
attended by 14 Chinese journalists. The
school has also launched a print and online
advertising campaign in China to urge
entrepreneurs to submit their business plans
for the competition. Entrants are asked to
submit an executive summary outlining their
business idea and selected finalists will
participate in a final round competition in
Beijing, on September 13, where their ideas
will be heard before a panel of venture
capitalist judges.
The competition has drawn
significant sponsorship support this year,
with funding from the Maryland Department of
Business and Development (DBED), ING,
MorganFranklin and NYMEX. Other sponsors
include: Opus8, Zernike Group, ChinaCast,
WilmerHale LLP, The Hina Group, MCC, MCBC,
ZERO2ipo, Dow Jones, Economic Observer and
Discovering Value.
The Smith School offers
Executive MBA programs in Beijing and
Shanghai, as well as other executive
education programs throughout China.
►Full
Story
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Smith School in the News
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WUSA-TV – March 8, 2006 – Television
news anchor Bruce Leshan profiles Smith
School research from Roland Rust, Holder of
the David Bruce Smith Chair of Marketing;
Rebecca Hamilton, associate professor; and
Debora Viana Thompson, doctoral
student; on “feature fatigue,” or the
phenomena of too many product features
turning consumers off. Rust shows examples
of products suffering from feature overload
as well as those that offer a better
experience for users because of their
simplicity.
►View Video or
Download Podcast
►
Newhouse News Service – March 3, 2006 –
A story that touches on RFID and its
everyday applications includes expert quotes
from William DeWitt, Tyser Teaching
Fellow, following a visit by the reporter to
Smith’s state-of-the-art RFID lab.
►Read More
►NewsHour
with Jim Lehrer – March 23, 2006 –
General Motors, the world's largest
automaker, announced that it will sell a
majority interest in its commercial mortgage
division to an outside investment group
after it offered to buyout more than 115,000
hourly workers on Wednesday. Peter Morici,
business professor, is one of two guests to
discuss what this means for the future of
General Motors and other auto companies.
►Read More
►Day
to Day/NPR – March 21, 2006 – Peter
Morici, business professor, is
interviewed by correspondent John Dimsdale
about what Morici sees as good prospects for
higher inflation on the economic horizon.
►Read More
►BusinessWeek
– March 20, 2006 – BusinessWeek mentions
research co-authored by Violina Rindova,
Smith School associate professor, in an
article that examined the true value of an
MBA among the five highest-paid executives
at each of the S&P 100 companies in 2004.
►Read More
►Associated
Press – March 17, 2006 – Quotes from
Mark Chen, assistant finance professor,
are featured in an article about the power
of analysts in moving the stock market and
influencing investors. Chen bases his
remarks on his research of analysts’
conflicts of interest.
►Read More
►Morning
Edition/NPR – March 13, 2006 – In the
wake of the Dubai Ports World deal, some
members of Congress want to crack down on
foreign ownership of ports. Peter Morici,
business professor, offers expert comments
on national radio on the politics of ports
security following the introduction of
Congressional legislation. “ I think this
legislation is a mistake,” said Morici.
►Read More
►Weekend
Edition/NPR – March 11, 2006 – Roland
Rust, Holder of the David Bruce Smith
Chair of Marketing, is interviewed on
national radio about his research –
co-authored by Rebecca Hamilton,
assistant professor, and Debora Viana
Thompson, doctoral student -- on
“feature fatigue.” Rust gives examples of
products suffering from feature fatigue and
explains to listeners what they can do to
avoid getting caught in the feature fatigue
trap.
►Read More
►Marketplace
– March 10, 2006 – The number of
billionaires jumped 15 percent this year
over last, according to Forbes
magazine. David Kirsch, assistant
professor, is interviewed on the national
radio program, Marketplace, about the
phenomena.
►Read More
►Read More from
Smith School in the News
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Faculty Up Front
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Smith's Larry Gordon to Speak at
London School of Economics'
Management Accounting Research Group
Conference
Larry Gordon, Ernst & Young Alumni
Professor of Managerial Accounting and
Information Assurance and director of
the Ph.D. Program, will be the plenary
speaker at the London School of
Economics' Management Accounting
Research Group Conference on April 6,
2006. Sponsored by the Department of
Accounting and Finance at LSE, the
Chartered Institute of Management
Accountants (CIMA) and the Institute of
Chartered Accountants in England and
Wales (ICAEW), the theme for this year’s
London conference is “Risk Management &
Financial Control."
"My talk, Risk
Management and Cybersecurity: A Management
Accounting Perspective, will focus on my
research with Martin Loeb in the area of
economic aspects of cybersecurity," says
Gordon. Gordon goes on to note that "the
high academic profile of LSE's accounting
faculty, coupled with the fact that the two
main professional accounting organizations
in the UK are cosponsors of this conference provides strong evidence that our research
is having an important impact on the field
of accounting as well as the field of computer
science."
►Full Story
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Smith Business
Close-Up on MPT
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Thursday,
March 30, 7:30 p.m.
Friday, March 31, 6:00 a.m.
Sunday, April 2, 11:30 a.m.
Increasing the Bottom
Line - Effective Strategies for Supply Chain
Management
 In
recent years, a lot of publicity has been
generated regarding the term “supply chain
management.” Businesses that implement
effective strategies to manage the supply
chain are more competitive and profitable.
But what exactly is supply chain management
and why does it matter? In the next edition
of Smith Business Close-Up Phil
Evers, associate professor of logistics
management at the Smith School and a
recognized expert in two critical aspects of
the supply chain: inventory and
transportation, will discuss effective
strategies for supply chain management.
Smith Business Close-Up
can be seen bi-weekly on Maryland Public
Television's Business Connection. Watch Phil
Evers Thursday, March 30 at 7:30 p.m.,
Friday, March 31 at 6:00 a.m. and Sunday,
April 2 at 11:30 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), DC
metro/Annapolis
- WCPB-TV (Ch. 28), Salisbury
- WFPT-TV (Ch. 62), Frederick
- WWPB-TV (Ch. 31), Hagerstown
- WGPT-TV (Ch. 36), Oakland
Have an idea for
Smith Business Close-Up? Contact Kathy Marmon at
kmarmon@rhsmith.umd.edu
(or at ext. 59568) to
discuss appearing in an
upcoming edition of Smith
Business Close-Up and to
make suggestions for a
future segment.
►Watch previous
episodes online.
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Spotlight
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Smith School Celebrates Asia with
Weeklong Tribute
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l to r:
"Prof. Anil Gupta, Chuanshui
Zhong - First Secretary Economic
and Commercial Counselor’s
Office Embassy of China, and MBA
students Bei Huang, Yuejuan Weng
and Hui Ren |
“You
cannot be an educated businessman
without understanding China.” This was
the opening statement by Dean Howard
Frank during Seminar Day on March 7,
2006. The event was held as part of
Smith's Week of Asia, organized by the
Asian MBA Association. The first of the
two lectures was delivered by Mr.
Chuanshui Zhong, First Secretary
Economic and Commercial Counselor’s
Office Embassy of China in Washington,
D.C., who expounded on China Economic
Policy Evolution in the past, present
and future.
 The highlight of the event was a
high-end fashion show featuring
traditional attire from Asian countries
including China, Japan, Thailand, Korea,
and India. The show concluded with a
special appearance on the runway by
honorary models Dean Howard Frank and
Associate Dean Scott Koerwer. The show
was organized by Shuyin “Helen” Zhang a
former professional model, who provided
first-class training to all of the MBA
student models.
►Full Story,
Photos & Video Highlights
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Technology@Smith
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Got Art? ARTstor
from UM Libraries
The UM library runs a service called ARTstor, is
a digital library of images. While the focus
right now is primarily on fine art, there is a
variety of material available that could be used
to punch up a PowerPoint presentation.
The quickest way to see if it is something you
would be interested in is the short but
comprehensive feature tour available at:
http://www.artstor.org/info/feature_tour/tour/index.html
ARTstor is usually
only available from on campus computers. It has
also been added to the Windows Applications feature of eSmith, so Smith faculty, staff, and
students can access it from anywhere! Look for
it in the Research folder, where you'll also
find a variety of other research tools from the UM libraries.
We want your feedback!
In a continuing effort to improve the services,
tools and support we provide to the Smith
Community, we invite/encourage faculty, staff
and students to fill out our anonymous feedback
form located on the Office of Smith IT Web site:
http://www.rhsmith.umd.edu/smithit/
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Bulletin Board
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 CONGRATULATIONS!
The Smith MBA Team won
the University of Maryland
Intramural Basketball Championship! |
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April 5
Dingman Center 20th Anniversary Event,
VMH
April 8
UM Alumni Association Awards Gala,
College Park
April 11
CFO Alumni Networking Event, VMH
April 13
Minority Awards Banquet
April 18
Northern Virginia Alumni Networking
Event
April 27
Wikler Finance Case Competition
April 29
Maryland Day
May 4
Smith Undergraduate Awards Banquet
May 6
Alumni Mentor Program & Awards Picnic
May 22
Smith School Commencement
►Holiday
Calendar
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Smith School
History
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On March 30,
1998,
Robert H. Smith '50,
pledged $15 million to support the University of
Maryland's business school. Named the Robert
H. Smith School of Business in his honor, this
transformational gift allowed the school to develop
the facilities and resources needed to make its
vision a reality.
►Interactive
Smith School Timeline
[NEW! See Video
Clips from Smith Alumni Veterans] |
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Smith Newslink MBA
is a production of the Office of Marketing Communications in
cooperation with the Masters Programs Office.
Smith Media
Group
Editor
Priscilla Mwangi
MBA Candidate 2006
Webmaster
Mark Mulvanny
MBA Candidate 2007
Kenneth Ng
MBA Candidate 2006
Sachin Agarwal
MBA Candidate 2007
Aric Morrison
MBA Candidate 2006
Other Contributors:
Office of Marketing Communications
Office of Smith IT
Send comments or submissions to:
newslink@rhsmith.umd.edu
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you think about Smith Newslink MBA?
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