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News Briefs

Make Ethics a Part of Your Equation
The Business Ethics Lecture Series, sponsored by the Smith School, hosted its second speaker Harold Tinkler, Chief Ethics and Compliance Officer, Deloitte & Touche USA LLP (“Deloitte & Touche USA”) on March 29, 2006 in Van Munching Hall. Tinkler manages the ethics and compliance program for Deloitte & Touche USA. The event was attended by MBA students, undergraduates, and also some of Tinkler’s partners at Deloitte and Touche USA.

In his hour long talk titled “The meaning of ethics in our personal and professional life,” Tinkler touched on several aspects of ethics which are relevant to today’s business managers. He spoke about how Wall Street places a disproportionate emphasis on short-term quarterly expectations. He blamed this environment as being responsible for putting business managers under tremendous pressure to meet short-term expectations. Tinkler said that this fixation with short-term stock prices often leads managers with a weak moral compass to make unethical demands on their employees. He gave the example of business managers ordering their employees to “Find me two cents!” when actual earnings fall short of expectations at the end of the quarter. Tinkler also highlighted the role that compensation structures play in the breach of ethics. He said, “Tell me how people are paid and I will tell you how they behave.” Tinkler mentioned that when executive compensation and bonus is tied to the quarterly earnings they are tempted to fudge the numbers.

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The next speaker event in the Business Ethics Lecture Series will take place on April 19 (5:30 - 7 p.m. 1524 VMH). Join Dr. Mark Taylor, academic fellow at the Securities and Exchange Commission (SEC), for an insightful look at the basic elements of fraud. Taylor will offer attendees a better understanding of the causes and effects of fraud, a look at specific case studies, as well as an overview of his role at the SEC.  ►Highlights from Previous Lectures

Smith Hosts Sixth Annual Netcentricity Conference
The Sixth Annual Netcentricity Conference will be held on April 28, bringing together experts in information systems, operations and supply chain management and presenting thought leadership in new business paradigms that will affect the 21st century digital enterprise.

The Smith community is invited to join us as we glimpse into the future of digital business from multiple perspectives including business leaders and scholars. The Netcentricity Conference is hosted by the Center for Electronic Markets & Enterprises. Faculty members, check your e-mail for the special registration code for complimentary registration, or contact Faye Baker for more information. For complete program information and to register online, please visit the Netcentricity Conference Web Site.

Tom Curley, CEO of the Associated Press to speak at Smith's DC Campus
Mr. Curley will speak about adapting news organizations given the changing content delivery environment on Saturday, April 15th. Corporate Venturing (BUMO 730) will host Mr. Curley from 11:00-12:30 in the Ronald Reagan Building. Reservations are required and should be sent to Azi Gera at agera@rhsmith.umd.edu

Tom Curley became president and chief executive officer of The Associated Press on June 1, 2003. He is the 12th person to lead the AP since its founding in 1848. Under Curley's leadership, the AP is evolving from a Wire service to an interactive global news network geared to meet the content needs and marketplace demands of members and customers worldwide.

Curley has restructured senior AP management, created an international division to drive content and new business overseas, charted the development of technology to create a multimedia database for all AP content, and encouraged initiatives to celebrate exceptional and distinctive AP journalism.
Curley was previously president and publisher of USA TODAY, the nation's largest-selling daily newspaper. Since 1998 he was also senior vice president of the newspaper's owner, Gannett Co., Inc., publisher of 100 daily newspapers in the United States. USA TODAY circulation under Curley grew to more than 2.3 million copies a day.

Curley was the original news staffer on the project that led to the creation of USA TODAY. He was assigned in 1979 by then-Gannett Chairman Al Neuharth to study the feasibility of a national newspaper. He later worked in every department of the newspaper. In 1986, he became the newspaper's sixth president and in 1991 added the title of publisher.

At the age of 15, Curley began his journalism career covering high school basketball for his hometown Easton (Pa.) Express. He continued working for newspapers during college, and joined Gannett's Rochester (N.Y.) Times-Union in 1972 as night city/suburban editor. He became director of information for Gannett in 1976 and began coordinating Gannett's Newspaper research projects, which produced more than 50,000 interviews on media use.

He became editor of Gannett's Norwich (Conn.) BULLETIN in 1982 and publisher of The COURIER-NEWS at Bridgewater, N.J., in 1983 before returning to USA Today in 1985.
Curley holds a political science degree from Philadelphia's La Salle University and a master's degree in business administration from Rochester Institute of Technology. He is a vice chairman of the boards at both schools.

Maximizing Your Internship Search
Industry professionals in consulting, marketing and finance shared their insights on the internship search with first-year MBAs on Thursday, March 30 in a session titled “Maximizing the Spring 2006 Internship Search.” The session was moderated by representatives from the Office of Career Management.

The session began with questions and answers about interviewing. “The interview should be more than an exchange of information. It is a genuine dialogue,” Dick Hughes ’78 (GVPT) said. Hughes is the director of Business Practices and Contracts for Lockheed Martin Transportation & Security Systems.

Liza Landrum, director of Merchandising for Dockers for Women, also shared her views. “Be prepared for a skills assessment. Listen for cues.” Landrum said.

The session also addressed the internship experience itself. “Absorb the culture,” Landrum said, “It is not just a networking experience. There is a job that needs to get done.”

Laura Paglia, a human resources manager at Bank of New York, gave two important traits to success in securing a job offer through the internship process. “Flexibility and initiative,” Paglia said.

Sanjay Purohit MBA ’05, a senior consultant for Booz Allen Hamilton, wrapped up the session with an overview of the internship search. “It’s surprising how easy it is to set yourself apart and how rarely it happens,” Purohit said.

Part-Time MBA Students To Host Happy Hour Fundraiser
Part-time MBA students will be holding a happy hour on April 28th, 2006. The group will gather at the Eighteenth Street Lounge to raise awareness and to give support to The Future of Music Coalition and The Patricia M. Sitar Center for the Arts; both organizations dedicated to the arts.

The Future of Music Coalition is a not-for-profit collaboration between members of the music, technology, public policy and intellectual property law communities. It seeks to educate the media, policymakers, and the public about music and technology issues, while also bringing together diverse voices in an effort to come up with creative solutions to some of the challenges in the music industry.

The Patricia M. Sitar Center for the Arts brings community together in a safe and nurturing environment to support the creative gifts and well-being of children and youth, primarily those from families with low incomes. In collaboration with community artists and arts institutions, the Sitar Center helps young people to discover and develop their talents in music, dance, drama, writing, and visual arts.

The Eighteenth Street Lounge is an ultra-hip club with a strict door policy and the evening will consist of live music, artwork, giveaways, and more. For more information on the event, please visit http://www.happyhourcharities.com/

Reducing Airport Congestion, Research by Michael Ball
Airport congestion is a difficult problem, and the set-up of the current system of airport slot allocation only makes the problem worse. If airline A acts responsibly and reduces its schedule at a congested airport, it gives its competitors the opportunity to schedule more flights at that airport. If one of those competitors decides to increase its schedule, airline A may lose market share. The risk of permanently reduced market share keeps airlines overscheduled at congested airports like Chicago’s O’Hare and New York’s LaGuardia.

Michael Ball, Orkand Corporation Professor of Management Science in Smith’s department of decision and information technologies, thinks that a market-driven approach to slot allocation might prove to be the solution. In a recent paper Ball examines the possibilities of using auctions to allocate national airspace resources and thereby control congestion.
Full Story in Research@Smith

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Smith School in the News

Financial Times – April 9, 2006 – China’s strengthening economy has attracted a growing number of business schools in Beijing and Shanghai that are forging links with their U.S., U.K., Australian, European, and Hong Kong counterparts, all dedicated to developing MBA and part-time executive MBA programs that put students on the fast track to global business leadership. The Robert H. Smith School of business is among the programs highlighted and Walter Czarnecki, manager of the school’s China Business Development and Executive Programs in Beijing talks about the importance of locating the programs in China. ►Read More

Seattle Times/Associated Press – April 9, 2006 – Though not always trustworthy or accurate, stock analysts’ predictions still influence trading. But last quarter their estimates were off at least five percent more than half the time and investors should keep in mind the potential flaws analysts’ picks carry. Assistant Professor of Finance Mark Chen has studied analysts’ conflicts and says their recommendations should be taken “with a grain of salt.” ►Read More

All Things Considered/NPR – April 3, 2006 – General Motors, the world's largest automaker, will sell its financial arm, GMAC, for $14 million in a deal company officials hope will bolster turnaround efforts. But the sale of the company’s only profitable division highlights GM’s weaknesses. Peter Morici, business professor, provides past examples of large companies that tried to restructure outside of bankruptcy but could not. ►Listen/Audio or ►Read More

Newsweek – April 3, 2006 – General Motors has grappled with decreased market share and mounting losses in the United States, but the automaker’s future may lie in Shanghai, not Detroit. GM was the No. 1 car seller in China in the last quarter of 2005. Business Professor Peter Morici comments on GM’s struggles and latest sell-offs to stay afloat in America. ►Read More

Chronicle of Higher Education – March 31, 2006 – Dean Howard Frank and wife Jane, art dealer writer and former adjunct instructor, talk about their collection of fantasy art in the Chronicle’s Academic Life section. Select pieces from the Franks’ large collection of fantasy art — paintings, drawings and sculptures that depict themes of good and evil, mythical creatures, spaceships, and such figures as damsels, vampires and heroes — was on display last year in what is now the best-attended exhibition in the University of Maryland Art Gallery’s history. ►Read More

BusinessWeek Online – March 27, 2006 – Former Dingman scholar Dominic Crapuchettes, MBA 2004, gives BusinessWeek a glimpse at a day in his life as founder and co-manager of North Star Games, a Maryland company that designs, publishes and markets original board games. The company's game, Wits & Wagers, was featured in a news article in the April 10 issue of Time magazine. ►Read More

►Read More from Smith School in the News

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Faculty Up Front

Sandy Boyson To Host Supply Chain Webinar
Sandy BoysonSandy Boyson, research professor and co-director of Smith's Supply Chain Management Center, will be hosting a free webinar on supply chain management for World Trade Magazine's Supply Chain Management Online University's 2006 Webinar Series. The webinar, "Road Map to the Global Real Time Supply Chain," is sponsored by Hewlett-Packard and will take place on April 18 at 12 noon. Learn the fundamentals of global real time supply chains through the illustrations of cases Boyson has researched over many years.
Register online now to attend!

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Smith Business Close-Up on MPT

Thursday, April 13, 7:30 p.m.
Friday, April 14, 6:00 a.m.
Sunday, April 16, 11:30 a.m.

How Disruptive Innovations Can Spur Growth

DruehlWhen companies keep improving their existing products and services to meet their best customers' needs, they eventually run into major challenges. By doing everything right, they create opportunities for new companies to take their markets away. Established companies historically have struggled when trying to create new markets. Success seems fleeting and unpredictable. How can companies stay ahead of the competition in an increasingly competitive marketplace?

In this edition of Smith Business Close-Up, Cheryl Druehl, assistant professor of decision and information technologies, will discuss disruptive innovation.

Smith Business Close-Up can be seen bi-weekly on Maryland Public Television's Business Connection. Watch Cheryl Druehl Thursday, April 13 at 7:30 p.m., Friday, April 14 at 6:00 a.m. and Sunday, April 16 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

Dingman Center Celebrates 20 Years
The Smith School's Dingman Center for Entrepreneurship's 20th anniversary celebration, held on April 5, brought together a wide range of individuals whose lives have been impacted by the Dingman Center during the past two decades. Past Dingman Center scholars, board members, entrepreneurs-in-residence, local entrepreneurs, and investors all showed up to celebrate the accomplishments of the center in fostering entrepreneurship in the local and regional economy. The highlight of the event was a keynote speech delivered by Michael Dingman, founder of the Signal Corporation (now part of Honeywell International), which encouraged entrepreneurs to continue building and creating opportunities and to determine ways to thrive in a changing world. He specifically focused on the rising dominance of China and the hunger of the Chinese to build successful companies. He also cautioned the U.S. government regulators to not create regulations that stifle growth and add significant transaction costs to the economic market system. The Dingman Center was established with an initial gift of $2 million from Michael Dingman.

Rudy Lamone, center founder and former Smith School dean, and Charlie Heller, former center director, were both recognized for their significant contributions to the growth and development of the Dingman Center over the past two decades. Smith School Dean Howard Frank spoke about the importance of entrepreneurship in driving the global economy and how -- coupled with technology and globalization -- it represents one of the key trends of our time and a key component of a Smith School education. "It was a wonderful event that represented many of the strengths of the Smith School and celebrated Michael Dingman for his tremendous generosity and vision to aid in the growth of the nationally recognized Dingman Center," said Asher Epstein, managing director of the Dingman Center.

Technology@Smith

Protect your data - Back it up regularly!
There are many ways data can be lost. Things like theft, spilled coffee, accidentally hitting a delete key, viruses, a power surge, or just failing hardware. It is very important to make sure your important data is backed up regularly.

The easiest way to do this is to save important data on your network drive rather than your local computer hard drive. Your personal space on our network is on the “K:” drive. Departmental shared space is on either O: or P:. Remember that others share departmental drives, and data can be deleted by anyone using the shared space, but only you can access your space on K:. All network drives are backed up to tape every night by Smith IT and can be retrieved for up to two months.

When you make backup copies of your files, be sure to store them somewhere away from your computer. If you were to keep your backup media next to your PC, and there was a flood or fire, it could destroy your data copies along with your PC. All Dell computers in Van Munching are equipped with CD-RW drives. The Helpdesk also has external CD-RW and DVD burner hardware that can be borrowed if you need a way to back up a personal computer. You will have to purchase the blank CD or DVD media before you borrow the hardware. Of course, you can back up to any other storage media if you have another preference.

Deciding what to back up is highly personal. Here are some suggestions of files to consider:

  • Internet Explorer bookmarks. On Smith IT Windows XP computer images this default is D:\documents and settings\username\favorites. Backup the folder. You can also use the “export” utility built into Explorer. It’s under the File menu and uses a very user friendly wizard.

  • Documents you’ve created. Ideally your documents will be in you’re “My Documents” folder. If you used the export wizard for Explorer bookmarks, these will be here by default now. Please also check:

    • In any personal folders you may have created

    • C:\My Documents, or D:\My Documents

    • Your Desktop

  • Lotus Notes Archive files. If you have archived your email, you will have an archive mail file stored locally, back this up. The default location for this is C:\notes\data, and the default filename is “username.nsf”. If you have an archive icon on your Notes desktop, you can right click on the icon and look at its properties to see what it is called and see where it is saved.

  • Your Lotus Notes local address book or “names.nsf.” The default location for laptop users is in C:\notes\data. Desktop users - the file is usually already on K:\notes.

  • Digital photographs or music you’ve purchased.

  • Software you purchased and downloaded from the Internet and wish to re-install someday.

  • A backup can be as simple as copying one folder to the storage media - Simply right click on the folder you wish to save, copy it and paste it to the backup device. If you have more than one folder or have files scattered in different folders a good tool to use is Microsoft’s backup utility. It can be accessed from the Start menu under Programs, Accessories, System Tools, Backup. Microsoft’s website contains a lot of information about using the backup utilities. Detailed instructions and tips.

Paying to recover data from a broken hard drive usually costs well over $1000, and cannot be guaranteed. Data on a PC that is stolen is just gone. Don’t risk losing important work. Save it to the network, or back up often.

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

 
Smith School Celebrates Women's NCAA Basketball Championship!

Lady Terps Pep Rally

Lady Terps Pep Rally - Marketing Communications Members Carrie Taschner and John Hetherington

The Office of Administration Celebrates the Lady Terp's Win

Enjoying Spring in the new landscaped area...

Howard Frank & Arjang Assad

JanSport President Mike Corvino with Students

JanSport President Mike Corvino, a member of Smith's Board of Visitors, met with Smith students to explain the newest LiveWire line of products that incorporates Apple's iPod. Read the full story in the fall edition of Smith Business magazine.

 
 
Robert H. Smith School of Business
 
April 13, 2006
 
 

April 13
Minority Awards Banquet

April 18
Northern Virginia Alumni Networking Event

April 19
Ethics Lecture Series Part 3

April 21
MBA Alumni Happy Hour
►RSVP Online Now!

April 27
Wikler Finance Case Competition

April 28
Netcentricity Conference
REGISTER ONLINE NOW! (Discount Code available for students - contact Faye Baker)

April 29
Maryland Day

May 6
Alumni Mentor Program & Awards Picnic

May 22
Smith School Commencement

Holiday Calendar

 

Useful Links

 


3
Number of UM National Championship Teams Honored at White House Last Week

Field Hockey
Men's Soccer
Women's Basketball

"We have three teams today from the great state of Maryland," President Bush said during the reception. "Perhaps one theme of Champion's Day is:
Fear the Turtle."

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Smith School History
 


As enrollment skyrockets after the end of World War II, faculty also increases from 18-76. The first MBA degrees are granted to five students of Dr. John Frederick, who joined the faculty in 1946 from the University of Texas and brought his graduate students with him.

 Interactive Smith School Timeline
[NEW! See Video Clips from Smith Alumni Veterans]

 

Smith Newslink MBA is a production of the Office of Marketing Communications in cooperation with the Masters Programs Office.

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MBA Candidate 2006

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MBA Candidate 2007

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MBA Candidate 2006

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