Smith Newslink MBA
In this issue:
News Briefs
2008 Smith Leadership and Excellence Awards
Smith to Host Inaugural M&A Case Competition
Smith to Host 25th Annual National Women MBA Conference
Socially Responsible Business Plan Competition
MBAs from Mid-Atlantic Region Gather at UM for Career Quest 2007
Smith MBA's Web Site SlyReply.com Voted “Web Site of the Week” by WTOP Radio
Russell Ackoff Speaks at Smith
Sports Marketing Guru Sonny Vaccaro Speaks at Smith
Reznick Group’s Kurtis Wolff Talks Ethics With Smith School Students
More Upcoming Events
Technology Start-Up Boot Camp, Oct. 19
The New New Internet Web 2.0 for Business, Nov. 1
CIBER Innovation and Globalization Conference, Nov. 8-9
CIO Forum: Technology and Innovation, Nov. 9
University Update: Flu Vaccine Available at Health Center; Safety Certification Classes
Smith School in the News
Spotlight: Alex Obaza, MBA Finance Association Co-President
Faculty Up Front: Smith Boasts Six INFORMS Fellows; John Haslem; Bruce Golden
Smith Business Close-Up on MPT: Rajesh Rai on New Markets Growth Fund
Technology@Smith: WiFi on Campus
Bulletin Board: Fall Bash Highlights
News Briefs
2008 Smith Leadership and Excellence Awards
Do you know a business leader who has made a significant and positive impact on the mid-Atlantic region? The Smith School is now accepting nominations for the 2008 Smith Leadership and Excellence Awards, which may be submitted online. Deadline for nominations is Wednesday, Nov. 21.
www.rhsmith.umd.edu/awards 
 

Smith to Host Inaugural M&A Case Competition
October 11-12
1524 Van Munching Hall
Teams from top U.S. business school, including Carnegie Mellon, Chicago, Columbia, University of Virginia, Yale, and Smith, will compete for glory and $8,500 in cash prizes in this competition that simulates an actual mergers and acquisition pitch meeting to Wall Street executives. The free event includes a reception beginning at 4:30 p.m. on Oct. 12 that gives attendees an opportunity to network with students, Smith faculty and distinguished guests. The Smith School community is invited cheer on the Smith team!
►RSVP Now!


Smith to Host 25th Annual National Women MBA Conference
Thursday, November 1
The Smith School of Business has the honor of hosting the 25th Annual National Women MBAs Conference and Career Fair, Nov. 2-3, 2007. The event is expected to attract more than 1,000 MBA students and women executives. The keynotes for this year's conference will be Raytheon's Louise Francesconi, Campbell Soup Company's Irene Chang Britt, and IBM's Lisa Tondreau.
 ►Full Story/Register Now!


Socially Responsible Business Plan Competition
The William James Foundation is currently holding a business plan competition that focuses on socially responsible business ideas. The idea behind the competition is to support and encourage entrepreneurs that are interested in creating businesses that integrate socially and/or environmental values into their everyday operation.  The deadline for the first round of competition is Friday, Nov. 16 at 5 p.m. EST. To enter you need to submit a three- to five-page general summary of your idea. If invited to participate in the second round you will be required to submit a full business plan of 30-50 pages in length. The final round of competition is a presentation in front of the public. First prize for the competition is $3,000, second is $2,000 and $1,000 for third. To get more information and details on the event you can visit the foundation's Web site at www.williamjamesfoundation.org.


MBAs from Mid-Atlantic Region Gather at UM for Career Quest 2007
On Sept. 28, MBA students from around the region gathered at the University of Maryland’s Samuel Riggs IV Alumni Center to participate in MBA Career Quest 2007. The Robert H. Smith School of Business was one of eight sponsoring institutions and the host of this year’s event. Students representing 15 institutions spent the day networking with approximately 60 different employers from across the region and around the country.
►Full Story


Smith MBA's Web Site SlyReply.com Voted “Web Site of the Week” by WTOP Radio
Washington, D.C., radio station WTOP selected second-year MBA student Tom Hessen’s Web site SlyReply.com as “Web Site of the Week” in September 2007. Hessen’s site is a group messaging site that he created during his first year of the Smith MBA program. He was able to create most of it during winter and spring breaks and is continuing to develop the site now during his second year, creating additional functionality.
►Full Story


Russell Ackoff Speaks at Smith
On Sept. 28, 2007, Dr. Russell Ackoff, Anheuser-Busch Professor Emeritus of Management Science at the Wharton School and executive education senior fellow at the Smith School, spoke to a class of executives in a custom executive education program at the Smith School. Ackoff is a regular speaker in the executive MBA program and was described in his introduction by Gerald Suarez, Tyser Teaching Fellow, as "one of the most insightful thinkers of our time." Pictured, l to r, Gerald Suarez, Russell Ackoff, Rob Sheehan.
►Full Story


Sports Marketing Guru Sonny Vaccaro Speaks at Smith
It takes guts to call the NCAA “the most fraudulent organization that ever lived” in front of a packed auditorium on a campus where the Terps athletic teams hold high esteem. But chutzpah is something Sonny Vaccaro, a sports marketing legend best known for brokering major endorsement deals with basketball stars the likes of Michael Jordan and Kobe Bryant, certainly does not lack.

About 200 Robert H. Smith School of Business students — the majority of which participate in the Undergraduate Fellows Program — filled Van Munching Hall’s Frank Auditorium the evening of Wednesday, Sept. 26 to hear an animated Vaccaro speak about his experiences working more than four decades in the sports business.
►Full Story


Reznick Group’s Kurtis Wolff Talks Ethics With Smith School Students
On Monday, Sept. 17, the Robert H. Smith School of Business welcomed Kurtis A. Wolff, Principal in Charge of Audit and Assurance at the Reznick Group, to its Business Ethics Lecture Series. Wolff, speaking to a large crowd of Smith School students, shared his thoughts on “Ethics Everyday in Public Accounting.” Wolff shared his experiences in accounting and auditing with the group both from his time at Reznick, a top-20 public accounting firm, as well as from his prior experiences within the industry.The next Business Ethics Lecture Series will be held on Oct. 15 at 5:30 p.m. and will feature Nancy Grunberg, Esquire, Venable LLP.
►Full Story


More Events
Technology Start-Up Boot Camp

Friday, Oct. 19, UM Stamp Student Union, Grand Ballroom
Should you take the leap into technology entrepreneurship? What are the best ways to fund your new venture? Is your incredible idea a real venture opportunity? How do you build a "dream team"? What’s the key to a killer business plan? The University of Maryland's Technology Start-Up Boot Camp is an intensive, one-day workshop and networking event about launching new ventures. This event is free for students.
►www.bootcamp.umd.edu

The New New Internet: Web 2.0 for Business
Thursday, Nov. 1, Hyatt Regency, Reston, VA
The Smith School has teamed up with ExecutiveBiz to present the region’s major annual Web conference, featuring a nationally recognized lineup of engaging speakers and panelists, two tracks for industry and government attendees, a Web 2.0 application competition, and much more. The Smith community may register at the discounted Smith School rate of $495 using discount code: rhsmith. ►Register Now!

Innovation and Globalization Conference
Thursday, Nov. 8 -- Friday, Nov. 9, Van Munching Hall
Learn how to manage the challenges involved with research and development, intellectual property and other concerns related to innovation and globalization at this conference sponsored by the Smith School’s Center for International Business Education and Research (CIBER). ►Find out more

8th Annual CIO Forum: Technology and Innovation
Friday, Nov. 9, Van Munching Hall
How do CIOs inculcate an innovation culture in the organization? How do they evolve new business models and new business practices that are built on the capabilities of new information technologies? Find out at the 8th Annual CIO Forum, featuring keynote speaker Lemuel Lasher, CIO and president of Computer Sciences Corp.’s Office of Innovation.  ►Register Now!


University Update

Flu Vaccine Available at Health Center
Schedule an appointment now with the UM Health Center for your Flu Vaccine! Call 301-314-8184. Cost is $20 for faculty and staff, $16 for students and $25 for non-UM persons. * Note: Please bring a valid University ID card to receive the student or faculty/staff prices. Charges can be billed to your student account or pay by cash, credit, or Terrapin Express at the pharmacy. Cash only for non-UM. Visit www.health.umd.edu/updates.html for more information.

Safety Certification Classes
Campus Recreation Services is now offering safety certification classes. Learn the knowledge and skills necessary to prevent, recognize, and provide basic care for adults, infants and children! The classes being offered are:

Sat, Oct. 6, Infant/Child CPR, 10 a.m. - 2:30 p.m.
Tues, Oct. 9, Adult CPR/AED, 5:30 - 10 p.m.
Wed, Nov. 14, Adult CPR/AED, 5:30 - 10 p.m.
Sat, Nov. 17, Standard First Aid with AED , 8:30 a.m.- 3 p.m.
Sun, Dec.  2, Infant/Child CPR, 10 a.m. - 2:30 p.m.

►Register Online now! www.crs.umd.edu

  More Latest News
Fall 2007 Issue of Smith Business Magazine Online!
Smith Faculty Opinion: Dr. Peter Morici
Personal Income up $40.2 Billion in August
Inflation falls, Stocks Should Rise

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Smith School in the News
Washington Post – Sept. 30, 2007 – Business professor Peter Morici is quoted in a story about housing market declines. Read more

Washington Times – Sept. 28, 2007 – A sports business blogger writes about Sonny Vaccaro’s speech to students. He highlights Smith's upcoming Sports Management Fellows Program. Read more

The (Baltimore) Sun – Sept. 27, 2007 – A Sun sports columnist writes about sports marketing legend Sonny Vaccaro’s speech to Smith School students as part of the Freshman Fellows fall speaker series. He includes quotes from a student. Read more

Washington Post – Sept. 27, 2007 – Business professor Peter Morici is quoted in a story about Montgomery County, Md.’s average home prices. Read more

USA Today – Sept. 27, 2007 – Supply chain and strategy professor Curt Grimm is quoted in a story about rail transportation. Read more

Wall Street Journal.com – Sept. 27, 2007 – Business professor Peter Morici is quoted in a blog entry about GM stock. Read more

CNN: “Lou Dobbs Tonight” – Sept. 26, 2007 – Business professor Peter Morici is interviewed in segment about GM. Read more

Wall Street Journal.com – Sept. 26, 2007 – Business professor Peter Morici is quoted in an online report about GM and UAW’s contract negotiations. Read more

American Public Media: “Marketplace Money” – Sept. 21, 2007 – Business professor Peter Morici is interviewed about the Fed’s rate cut and what it means for consumers. Read more and listen online

China Daily – Sept. 20, 2007 – Professor Anil Gupta writes an article about innovation in China. Read more

CBS Evening News – Sept. 24, 2007 –Smith's Peter Morici on CBS Evening News: "Is a Weak Dollar Good?" Watch online

More Smith School in the News

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Spotlight

Student Leadership Profile: Alex Obaza, MBA Finance Association Co-President
Many students find the process of learning about the finance industry challenging. Alex Obaza is here to help. As co-president of the Smith MBA Finance Association, Obaza leads the club in the process of preparing its members for their job/internship searches in the finance industry. Obaza says that preparation of the students is the main goal of the Finance Association, but the club goes beyond just that. According to Obaza, “We also want to continue to build relationships with alumni in capital markets and pass those relationships on to the first year students and we made it a priority to increase the interaction between first- and second-year students over last year.” Through the efforts of the club, Obaza hopes to grow the finance community here at Smith.
►Full Story

Smith Business Close-Up

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Sunday, October 7, 7:30 a.m.

 

New Markets Growth Fund - Leading Early Stage Venture Capitalism in the D.C. Area
In this week's  edition of Smith Business Close-Up, Rajesh Rai, principal and co-founder of New Markets Growth Fund, discusses the $20 million venture capital fund located at the Smith School, that invests in high-growth technology companies and start-ups in the Baltimore/Washington, D.C. area.

New Markets Growth Fund's investors include a wide range of individual investors as well as companies from both the private and public sector and economic development organizations including Empower Baltimore and the Maryland Department of Economic and Business Development. To find out more about the fund, visit www.newmarketsfund.com

Smith Business Close-Up can be seen bi-weekly on Maryland Public Television's "Your Money and Business" program. Watch Rajesh Rai on Sunday, Oct. 7 at 7:30 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), D.C. 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.

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Faculty Up Front
Smith Boasts Six INFORMS Fellows
Michael Fu, professor of management science, and Lawrence Bodin, professor emeritus of management science, have been named as fellows for 2008 by the Institute for Operations Research and the Management Sciences (INFORMS). This singular honor, awarded to about 2 percent of the organization’s 11,000 members, has now been held by six members of the Smith School’s decision and information technologies department. In addition to Fu and Bodin, Saul Gass, professor emeritus of management science; Michael Ball, Orkand Professor of Management Science; Bruce Golden, France-Merrick Chair in Management Science; and Dean Howard Frank are past INFORMS fellows.
►Full Story

October 2007: The 30 Seconds Outlook, by Jack Haslem
“Economists’ forecasting skill is about as good as guessing.” William Sherden, in the Wall Street Journal, July 3, 1997.
With the 50 basis points reduction in the Fed funds rate, the Fed signaled strongly that for now recession, not inflation, is the primary worry. What some considered a delayed response was motivated to avoid rewarding speculators. But, with turmoil in the credit markets and employment data worrisome, the Fed felt compelled to cut rates decisively. More rate cuts may well follow with the peak in mortgage defaults yet ahead. Once market liquidity has been restored and fears of recession have faded, inflation will again be the focus.

Bruce Golden has been invited to present a plenary lecture at a workshop on network algorithms and applications to be held in Sicily in September of 2008. In addition, he has been invited to present a paper at a workshop on vehicle routing and logistics to be held in Oslo, Norway, in June 2008. During the summer of 2007, he presented plenary lectures in Finland and Montreal. 

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Technology@Smith

Smith IT Technote: What’s the story with WiFi on campus?
This note will try to address some of the confusion over wireless access on campus, and guide you to campus resources to make the most of what is available to you.

Why so many UMD WiFi networks?
Depending on the kind of wireless device you use, you might see up to four wireless networks when on campus. These are:
• umd
• umd-fast
• umd-secure
• umd-secure-fast

The differences between the networks aren’t obvious just from looking at the network browser when configuring your computer. ►Find out more

Bulletin Board

 
First- and Second-Year Students Get Together for Fall Bash
The Fall Bash, the first large MBA social event of the year, took place on Saturday, Sept. 29. from 8-11 p.m. and was all by accounts a great success. The event happened at Local 16, a bar located in D.C. at U and 16th Streets, and was hosted by the MBA Association.

The underlying idea behind the Fall Bash was simply to provide first-year and second-year students a chance to get together for a fun night out on the town. Students enjoyed beer and mixed drink specials along with a selection of light appetizers outside on Local 16’s upper deck. “The Fall Bash came together really well…everyone who attended seemed to have a great time,” remarked first-year MBA student Brian Mok.

A good number of students elected to kick off the evening with a Pre-Bash BBQ hosted by Reid Tokarz and the MBAA. The Pre-Bash BBQ was held at Reid’s nearby house and started at 5 p.m. Burgers and hot dogs were featured on the grill and beverages were provided. “I especially enjoyed Reid’s BBQ….it was a good way to start the night and definitely my kind of scene,” said first-year MBA student Ed Edson.

After the success of this first social event, future MBAA events will certainly be eagerly anticipated by first- and second-year students alike. Take a look at some photos from the event!

A group of first- and second-year students relax and mingle before the Fall Bash at the Pre-Bash BBQ, hosted by the MBAA and Reid Tokarz.
First-year MBA students Maya Litvak, Kristen Bourrillion, Shera Rosloff and Emily Chan enjoy the drink specials and the chance to catch-up outside of class during the Fall Bash.
The outside upper deck at Local 16, the bar in DC where 1st and 2nd year students gathered for the MBAA's Fall Bash, the first major social
MBA event of the year.

 

Have an item for the bulletin board?
Send e-mail to aleyl@rhsmith.umd.edu for consideration.
 

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Robert H. Smith School of Business

 

October 5, 2007

 
 
 
 
 
 


 

Van Munching Hall's North Wing
►Construction Update

 

 

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

Smith Media Group

Loretta Goodridge
MBA Candidate 2008
Smith Newslink MBA Editor

Pete Baird
MBA Candidate 2009

Donna Lin
MBA Candidate 2009

Adam Weiner
MBA Candidate 2009

Other Contributors:
Office of Marketing Communications
Office of Smith IT

Send comments or submissions to:
smithnewslink@rhsmith.umd.edu

 

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