FALL 2006
VOL. 8 NO. 1

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Undergraduate business education goes global New marketing faculty Smith’s first field study trip to India
Ethics program Smith receives $1.4 million federal grant Mike Corvino Cupid’s Cup

Top Scholars Join Smith Marketing Faculty

One of the world’s top marketing scholars, Michel Wedel, joined the Smith School as the Pepsico Chair in Consumer Research this summer. He is one of the most prolific researchers in the field, as well as an outstanding teacher.

Marketing department Chair Roland Rust called Wedel the “unheard of” combination of both “superstar researcher and superstar teacher.” Wedel teaches an MBA-level marketing analysis course this fall and mentors Ph.D. students as co-chair of Smith’s doctoral program. He joins Smith from the University of Michigan's Stephen M. Ross School of Business, where he also held a chaired professorship. He held previous appointments at the University of Groningen and the Department of Human Nutrition in Zeist in his native country, the Netherlands. He received his Ph.D. in marketing from the University of Wageningen, the Netherlands, in 1990.

Wedel has won numerous awards and honors, including the 2004 O’Dell Award from the Journal of Marketing Research in 1999, and the 2005 Dr. Hendrik Muller Award for outstanding research in the social and behavioral sciences, given every two years by the Royal Dutch Academy for the Sciences.

Wedel’s appointment increases the already considerable momentum of the marketing department, especially when it is combined with the concurrent hiring of highly-regarded associate professor Rebecca K. Ratner and assistant professor Jie Zhang, and the January hiring of professor Amna Kirmani.

“The marketing department is moving up by leaps and bounds, and that attracts the top faculty,” said Howard Frank, dean of the Robert H. Smith School of Business. “The addition of world-leading faculty adds to the momentum of the department as it continues to reinforce its reputation as a top marketing program.”

Rebecca Ratner, formerly an associate professor at the University of North Carolina at Chapel Hill, is a highly respected consumer behavior researcher and teacher whose research focuses on consumer decision-making and group influence. In 2003, the Marketing Science Institute selected Ratner to its Young Scholars program, an honor extended to only 20 scholars pinpointed as up-and-coming academic leaders.

Amna Kirmani, formerly of Southern Methodist University, is an accomplished and award-winning researcher, who will co-direct the doctoral program with Wedel. Jie Zhang, formerly of the University of Michigan, is a quantitative researcher and will teach undergraduate retailing in the upcoming academic year. —CT

Smith School to Award $50K in Second Annual China Business Plan Competition

Mary D. Kane, Maryland secretary of state, and Mr. Shi Dinghuan, former secretary-general of the ministry of science and technology, at a news conference announcing the competition semi-finalists.

The Smith School is seeking China’s next generation of leaders for the digital economy! The school launched the second annual China Business Plan Competition on March 23 in support of the growth of world-class business ideas and leaders in China.

This year’s competition, themed “Building Leaders for the Digital Economy” is hosted by the Smith School’s Dingman Center for Entrepreneurship and offers aspiring 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 and $10,000 third prize. On September 13, a final round event in Beijing, China, will join entrepreneurs and business executives from around the world. Five finalists will compete before a panel of international venture capitalist judges who will deliver feedback on competitors’ business ideas before naming the winners.

“The China Business Plan Competition is an important vehicle for fostering the ideas and talent emerging from China,” said Howard Frank, Smith School dean. “The Smith School is committed to taking a leadership role in building a venue to facilitate greater interaction and cooperation between investors, entrepreneurs and the corporate community. This is how great business ideas and great entrepreneurs are discovered, developed and nurtured.”

The competition has attracted a great deal of interest and support – both inside and outside of China – including help from Maryland Secretary of State Mary D. Kane. Kane announced the competition’s semi-finalists while leading a state higher education delegation to Wang Jing Science Park in Beijing on June 26. She also announced that the Maryland Department of Business and Economic Development (DBED) has partnered with the Smith School in support of this year’s event.

“Efforts such as the Smith School’s China Business Plan Competition showcase how education plays a major role in China’s developing economy and how future projects could potentially unite resources from both Maryland and China’s government, business and educational sectors,” said Kane.

More information about the Smith School’s Second Annual China Business Plan Competition can be found at http://www.rhsmith-umd.cn. —AT

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Copyright 2006 Robert H. Smith School of Business