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News Briefs
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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.
►Full
Story
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
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►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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Smith Business
Close-Up on MPT
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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
When 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
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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.
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Technology@Smith
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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:
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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.
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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:
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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.
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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.
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Digital photographs or
music you’ve purchased.
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Software you purchased
and downloaded from the Internet and wish to
re-install someday.
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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
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Smith
School Celebrates Women's
NCAA Basketball
Championship! |



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Enjoying Spring in
the new landscaped area... |


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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. |
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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."
►Full
Story
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Smith School
History
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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] |
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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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Submit your
anonymous opinion here!
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