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News
Briefs |
Selling Smith: Smith Store Launches New Web
Site
How does one turn an undergraduate-operated
school store shrouded in obscurity into a
viable, competitive business? By utilizing
the resources available at the Smith School,
of course, including associate professor of
marketing, Wendy Moe, and her wealth of
real-world marketing experience. Tucked away
in a third-floor office in Van Munching
Hall, the Smith Store has mostly catered to
Smith School departments, providing gifts
for visiting speakers as needed, and
supplying walk-in customers with t-shirts,
baseball caps and other basic Smith-branded
apparel. This somewhat limited reach,
however, comes as no surprise to the three
undergraduates behind the operations of the
store – as a result of their teaming with
Moe, senior Tarak Dave and juniors Michael
Holzheimer and Jeff Berenholtz were not
allowed to do any form of marketing over the
past year. This period of marketing
inactivity is to serve as the control for a
series of secretive marketing experiments
planned for the next year of business.
►Full Story
Smith Student-Run
Marketplace
Tuesday, March 11, 9 a.m.
to 4 p.m.
Van Munching Hall Pownall
Atrium (1st Floor)
Maryland Undergraduate
Society of Entrepreneurs
(MUSE) student-run
businesses will showcase
their offerings!
►More
info and RSVP
on FaceBook
Doing Business in China: CIBER Offers
Five-Week Course
The continuing globalization of the world
economy has resulted in increasing levels of
international trade, direct investment,
diversity, and cross-border mergers and
acquisitions. A vast majority of Fortune 500
companies, and a growing number of small-
and medium-sized companies, are conducting
business in China. China’s economy is the
second largest in the world in terms of
gross domestic product (GDP) at $10.2
trillion. Its GDP growth rate has grown
annually at an average of 10 percent, while
its per capita income has increased an
average of 8 percent annually over the same
time period.
Over the course of five Saturdays between
Feb. 9 to Apr. 12, the Center for
International Business Education and
Research (CIBER) is hosting “Doing Business
and Managing Enterprises in China,” a highly
topical executive seminar available to Smith
students, faculty, staff, and the business
community alike. The seminar provides an
overview of the opportunities and challenges
faced by companies investing in China.
►Full Story
MBA Students Discuss Organizational
Leadership on Fitness with Health Consultant
Vik Khanna
On Friday, Feb. 29 Smith first-year MBA
students were once again treated to a
presentation from Vik Khanna, owner of
Galileo Health Partners LLC, a health
consulting firm that provides innovative and
creative consulting services to a wide range
of corporate and government clients. Khanna,
who spoke at
MBA orientation in August, returned to
the University of Maryland's Robert H. Smith
School of Business to hold two sessions on
the topic of “Organizational Leadership on
Fitness.”
Khanna began by discussing three central
assumptions: 1) America’s chronic disease
burden drains financial resources and
quality of life, 2) the American health-care
industry is ill-suited to provide effective
solutions, and 3) American business once
again finds itself faced with fixing a
problem that is not of its own making. “The
American population is the most unfit
culture in world history. This has
tremendous consequences for business,” said
Khanna.
►Full Story
University
Update
►Journalism
Dean to Head St.
Norbert College
Philip Merrill College of Journalism Dean
Thomas Kunkel will leave the University of
Maryland at the end of the spring semester
to become the president of top-rated St.
Norbert College in De Pere, Wisconsin.
Kunkel will become the seventh president of
the liberal arts institution.
►Full Story
►
Between the Columns
Newsletter for UM Community
In Between the Columns, Maryland’s new
internal newsletter, you’ll learn about
great discoveries, our impact on communities
far and wide and where we’re headed as a
world-class university.
Check it out:
http://betweenthecolumns.org/
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Smith School in the News |
►The
Capital (Annapolis) – Feb. 26, 2008
– Dingman Center for Entrepreneurship
portfolio company Exponential Storage is
profiled and Dingman Managing Director
Asher Epstein is quoted.
►Read more
►TheStreet.com
– Feb. 21, 2008 – The MBA-managed
Mayer Fund
is the subject of a profile.
►Read more
►Forbes.com
– Feb. 20, 2008 – Curt Grimm,
Dean's Professor of Supply Chain and
Strategy, is quoted in a story about
time-tested and highly profitable
businesses.
►Read more
►Washington
Post – Feb. 20, 2008 – Marketing
chair Roland Rust is quoted in a
story a Postal Service promotional
campaign of producing an HBO miniseries.
►Read more
►Dallas
Morning News – Feb. 16, 2008 –
Michael Ball, the Orkand Corp.
Professor of Management Science, is
quoted in a story about airline mergers.
►Read more
►Seattle
Post-Intelligencer – Feb. 15, 2008 –
Business professor Peter Morici
writes an op-ed about the state of the
economy and Federal Reserve Chairman Ben
Bernanke’s testimony before the Senate
Banking Committee.
►Read more
►Baltimore
Business Journal – Feb. 15, 2008 –
The Smith School’s
$12 million PhD initiative is the
subject of a news story following the
news release.
►Read more
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Faculty Up Front |
The 30 Seconds Outlook by John Haslem
March 1, 2008
". . . George, this is no time to
go wobbly." Margaret Thatcher to George
I at the time of the Kuwait war.
 The
(rationally not unexpected) decline in
the subprime mortgage market has spread
rapidly to both domestic and foreign
financial markets. The rapid change from
excessive market optimism to pervasive
pessimism is matched perhaps only by the
collapse of portfolio insurance in
October 1987. Excessive leverage lies at
the heart of the subprime problem, and
one can only guess how long it will take
to unwind in markets fueled by cheap
money. As Tweedy, Brown (2008) stated in
its letter to fund shareholders: ". . .
[W]hen optimism turns to pessimism
borrowers get crushed by lenders and the
rest of us have to put up with the
mess." Since 1997, the stock market has
endured nine (count them) crises, but
each time it has survived and returned
to prosperity. Today's credit crunch and
worsening house crisis is crisis number
10, and it, too, will be survived with a
return to prosperity in financial
markets. The current "scary time" is
also tempting "classic" value fund
managers to follow Margaret Thatcher's
dictum. This is seen in reduced fund
cash levels and reopenings to new
investors. |
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Smith Business Close-Up on MPT |
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Sunday, March 9, 7:30 a.m.
Monday, March 10, 4:30 a.m.
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Going Global: Strategies for Every
Business
 With
each passing day, every industry is
becoming a global industry and every
business a knowledge business. For most
medium to large companies, globalization
is no longer a discretionary option, but
a strategic imperative. For businesses –
large and small — there are many ways to
become a global company.
In this edition of Smith Business
Close-Up with the University of
Maryland’s Robert H. Smith School of
Business, Anil K. Gupta, the Ralph J.
Tyser Professor of Strategy and
Organization, talks about the how to go
global and think globally with your
company.
Gupta is co-author of “The Quest for
Global Dominance: Transforming Global
Presence Into Global Competitive
Advantage,” second edition, published
this month. The well-respected book is a
how-to guide for companies to design,
implement, and reassess global strategy.
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
Previous episodes of Smith Business Close-Up on Maryland Public
Television's "Your Money and
Business" can
be
seen online
and
downloaded to your iPod.
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Spotlight: |
Roland Rust
Distinguished University Professor
David Bruce Smith Chair in Marketing
Chair of the Marketing Department
Executive Director of the Center for
Excellence in Service
 Roland
Rust keeps busy at the Smith School,
wearing multiple hats. He is the chair
of the marketing department, a role that
he has held for six of the eight years
he has been at Smith. Rust is also
executive director of the Center for
Excellence in Service, a center that he
founded. In addition to that center, he
is in the process of building the Center
for Complexity in Service with Chris
Dellarocas, associate professor of
information systems. On top of holding
these Smith leadership positions, Rust
is a leader in the marketing field
nationally and internationally. He is
currently editor of the Journal of
Marketing, the top-cited journal in
all of business and economics, which has
let Rust play a leading role in shaping
the field of marketing throughout the
world.
Over the past eight years as chair of
the marketing department, Rust has
helped build the department to its
current rank of number six in the world
in research productivity and influence,
a ranking that Rust is very proud of.
The department has also greatly improved
its teaching ratings, which are now at
an all-time high. The Center for
Excellence in Service has also seen
major success since its inception. It
sponsors the Journal of Service
Research, which Rust also founded,
now the fifth highest-cited
marketing-related journal. The center
also sponsors the Frontiers in Service
Conference which last year drew
attendees from 41 countries and is
considered the world’s leading annual
service conference.
►Full Story |
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Technology@Smith |
►AV
Requests
To request audio-visual support for special
functions, please fill out our
online form. Please be aware that Smith
IT cannot guarantee support for requests
received less than 48 hours in advance.
Also, any support needed outside of regular
business hours, or that creates greater
demands than usual on our support team
during normal business hours will be subject
to a fee to be set by Audio Visual Services
Management. For more information you can
visit the
A/V Services Web site. |
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March 7, 2008
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Smith
School History
The business school’s mission statement,
published in the 1924–25 course catalog,
reveals its lofty ambitions: “The chief
aim…is to produce thinkers rather than
routine workers, executives rather than
subordinates.”
►Interactive
Smith School Timeline |
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Smith
Newslink Exec is a
production of the Office of
Marketing Communications
in
cooperation with the
Office of Professional
Programs & Services. |
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