SPRING 2006
VOL. 7 NO. 2

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Speaking of Business

“If you want to be a world-class college of business and if you're not engaged in a multinational arena, then it fundamentally doesn't work.Institutions that don't begin this process now are going to fail.” --Scott Koerwer, associate dean of professional programs and services,offering insight into trends driving business education and the MBA market. Financial Times, January 30, 2006

“Their biggest enemy is themselves. They're in China and they're transferring technology and know-how. They are pushing their suppliers to go to China to lower their costs here so they can import components. In the process of doing so, the General Motors and Ford are manufacturing competitors for themselves. In some ways, they are giving away the family jewels.”

Peter Morici, business professor, comments on U.S. automakers in the China market following news of the debut of a Chinese auto maker at the Detroit Auto Show. CNN/Lou Dobbs Tonight, January 10, 2006

“Any project involving technology becomes high-technology if you haven't done it before.”

Henry Lucas, information systems professor, discusses how to effectively manage “technology risk” and avoid having routine technology chores, like installing a computerized billing system, from becoming costly. Inc. Magazine. December 2005

Speaking of Business“The role of educators should be to inspire, motivate, persuade, stimulate. Learning should be directed at helping students understand the why, not merely to recognize the what, when, where and how. “

Gerald Suarez, executive education senior fellow, in an opinion article that takes a look at the U.S. educational system and the impact of globalization on future U.S. competition. Baltimore Sun. December 5, 2005

“You now have 10 planes doing what eight could do. That tends to exacerbate delays.”

Michael Ball, professor, offers insight as to why airline delays and cancellations are on the increase. USA Today. October 3, 2005

“It’s a matter of getting the right price for cyber-security insurance. It comes down to economics. But this is a tough product for insurance companies.”

Lawrence A. Gordon, co-author of the 2005 CSI/FBI Computer Crime and Security Survey and professor of information assurance, discusses why few companies have cyber-security insurance despite the pervasive concern about identity theft and information security exposures. IT World (Canada). October 3, 2005

“These are teams that do have discretion and decision-making authority. When they see a need, they just move and they don't wait for authority.”

Hank Sims, professor of management and organization, using the Salvation Army response during Hurricane Katrina as a successful example of a group that can respond quickly to an external situation because it has small independent teams making decisions on the ground. NPR/All Things Considered, November 26, 2005

“What these fear-based appeals do is really make you feel a loss of control. And what you want to do is alleviate this loss of control by taking some action, by taking your life back into control.”

Joydeep Srivastava, associate professor of marketing, explains how fear-based marketing works, using tactics used by online marketers of purported avian flu remedies and preventatives as an example. NPR/Marketplace, November 10, 2005

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Copyright 2006 Robert H. Smith School of Business