Smith Newslink MBA
 
In this issue:
News Briefs
» Three First-Years Win Booz Allen Hamilton OCT Case Challenge
  » Smith Team Earns Second Place in MBA Stock Pitch Challenge
» Carly Fiorina Book Signing and Networking Event Attracts 300
  » AOL's Ted Leonsis Headlines 7th Annual CIO Forum (Video)
  » Opportunities to Learn Outside of the Classroom: Speaker Series
  » Research Sheds New Light on Dot-com Bust: Contrary to Popular Wisdom, High Rate of Companies Survived
  » CHIDS Awarded Planning Grant & Government
Contract
  » Smith CIBER Event: Inside International Washington Seminar, Dec. 6-8
Spotlight:: Debra Pierce, Office of External Relations
Student Leadership Profile: Leslie Pankowski, Vice President, Student Affairs
Faculty Up Front: Top 15% Teaching Awards
Smith Business Close-Up: Recruiters and OCM's Peter Brown, Monica Shutte
Technology@Smith: UM Passwords, New Smith IT Web Site
 
News Briefs

Booz Allen Hamilton Case Competition Winners
On Friday, November 3, first-year MBAs Daniel Bresette, Eric Olesh, Ray Wang, and Sam Tang won the Booz Allen Hamilton OCT Case Challenge. The win was the culmination of a week of teamwork and good thinking.
Reserved for first-year students, the case competition results in internship offers for the winning team. The winning team also will go on to compete at the national finals at Booz Allen’s McLean, Va., offices on Friday, November 17.

“On behalf of the Smith MBA Consulting Association, we were honored to have been invited to participate in this year's Booz Allen Hamiliton OCT Case Challenge,” said Chirag Metre, President of the Smith MBA Consulting Association. “Our participation is a testament to the caliber of the students we have here at the Smith School, further strengthening our ongoing relationship with Booz Allen Hamilton, the premier global strategy and technology consulting firm.”

This year’s case focused on IT transformation in the federal sector. The premise was fictional, but the challenge posed was how to handle to the formation of a new federal department created through the consolidation of three former federal agencies. The new department required new IT systems and human capital structure. The team’s job was to develop an implementation plan.

“For my team, I think time management presented us with our biggest challenge. We were given less than a week to turn a wide-ranging, complicated case into a concise presentation. We had to figure out very quickly where to begin and how to prioritize our tasks,” said team member Daniel Bresette. While he doesn’t want to jinx it, Bresette hopes he and his teammates can build on this experience and pull together a national win later this month.

Helping them as they head to nationals? Team work. Notes team member Sam Tang: “Not only does every member bring something to the table, as a team we are able to capitalize on our difference by creating and managing a very dynamic team process. Everybody kept an open mind toward different ideas. We argued a lot while doing the project. We challenged each other. We were also willing to be challenged by other members. As such, we were able to constantly develop our ideas to make them better as a team. The process let us feel that the team is more than just the sum of the four of us.”

Booz Allen Judges were Alan Potter, Sanjay Purohit and Tiffany Whitton, two of whom were Smith School graduates. For more information on the challenge, contact Chirag Metre at chirag.metre@rhsmith.umd.edu.


Smith Team Earns 2nd Place in MBA Stock Pitch Challenge
A three-man team from the Smith School wowed portfolio managers and stock analysts at Cornell University’s Johnson School of Management’s fifth annual MBA Stock Pitch Challenge. The event was held November 3, 2006 at the Parker Center for Investment Research in Ithaca, NY.  Team members were second-year, full-time MBA students Christopher Mandozzi, Harold (Tray) Spilker and Christopher Van Horn. The team tied for second place – a first-ever for the competition – with the team from the University of Virginia’s Darden School. The first-place team was from the Kellogg School at Northwestern University and they received $3,000. The second-place teams won $1,500. Other finalists included Columbia, Chicago and Rochester.
►Full Story

Carly Fiorina Book Signing & Networking Event Attracts 300
Monday night was an extraordinary night for the Smith School community. Nearly 300 alumni, students, faculty, administrators, staff, and friends gathered for a book signing and networking event featuring former HP CEO Carly Fiorina, MBA '80. The event took place at The Ritz Carlton in Tysons Corner and was considered by many attendees -- even first-timers to an alumni event -- to be one of the best ever. Tom McMillen '74, former Maryland basketball player and congressman, and Mary Kane, Maryland secretary of state, were both in attendance.

Fiorina, MBA '80,  signed copies of her new book, Tough Choices: A Memoir, and gave a talk about the book and her time at Smith. To the delight of the crowd, she came down from the podium and stage to interact with the audience. She described in more detail than is in the book her connections to Professors Rudy Lamone, Ed Locke and Bill Nickels. When she spotted Nickels in the audience, she ran over to give him a big hug.  "I'm tremendously proud to be one among many of the great representatives of this school," said Fiorina.  After an enlightening Q&A session, the crowd gave her a standing ovation, and Dean Howard Frank declared that one future position for her could be dean of the Robert H. Smith School of Business.
►Full Story


AOL's Ted Leonsis Headlines 7th Annual CIO Forum
Executives, academicians and students gathered for an exceptional day of learning and sharing at the Smith School's 7th Annual CIO Forum, held on November 3, 2006. Keynote speaker Ted Leonsis, vice chairman of AOL, talked about strategically managing information technology for the past three decades and how the recent shift in consumer needs is changing business.
Full Story, Video and Presentations

Opportunities to Learn Outside of the Classroom
MBA students at the Robert H. Smith School of Business have the opportunity to learn from two excellent speakers this fall. On Friday, November 17, Vikram Khanna, M.H.S., P.A., and founder of Galileo Health Partners, LLC, will speak to students about exercise, nutrition, and risk management. Mr. Khanna is an entrepreneur who uses his unique combination of clinical and exercise skills to translate exercise science and nutrition information into practical and useful knowledge for individuals and organizations alike.

On Friday, December 1, Dr. Russ Ackoff, Professor Emeritus of the Wharton School and Chairman of Interact, the Institute for Interactive Management, will speak to Smith students about Systems Thinking. Dr. Ackoff received his Bachelor of Architecture and Doctorate in Philosophy of Science from the University of Pennsylvania. He later earned his Doctorate of Science from the University of Lancaster.

These speaker events are mandatory for first-year MBA students but optional for second-year and part-time MBA students. For more information, please contact Dustin Hodgson at dhogdson@rhsmith.umd.edu.
Research Sheds New Light on Dot-com Bust: Contrary to Popular Wisdom, High Rate of Companies Survived
New research on the dot-com era from the Smith School reveals despite significant losses suffered by investors, nearly 50 percent of 1990s dot-com startups survived at least five years. This success rate is better than or on par with other emerging industries, contradicting the traditional view that the majority of Internet companies landed belly up.

“The high survival rate we observed is both remarkable in its own right and interesting for what it implies about the rate of firm formation during this period,” said David A. Kirsch, Smith School assistant professor of management and organization and co-author of the study. “Despite public perception that there were too many dot-coms and too many failures, seen in this broader light, there may have been too few dot-com companies.”
►News Release


CHIDS Awarded Planning Grant and Government Contract
The Center for Health Information and Decision Systems (CHIDS) recently received a one-year planning grant from the National Science Foundation (NSF), and was awarded a contract by the Office of the Assistant Secretary for Planning and Evaluation (ASPE) of the Department of Health and Human Services. The NSF grant was received in conjunction with Harvard Medical Center, and is going to help fund CHIDS expansion of its research in health information technology (HIT).
►Full Story

Smith CIBER Event: Inside International Washington Seminar
The Smith CIBER will host an Inside International Washington seminar on December 6 - 8, 2006. This three-day seminar will provide participants a unique opportunity to explore and experience the international and diplomatic Washington – at the intersection of business and public policy – on themes such as: American foreign policy, international economics and trade, national security, intellectual property protection, and emerging markets.
►Event Web Site


  More Latest News
 Smith Launches $50K Undergraduate Investment Fund
 New IANA Scholarship Program Will Support Students Participating in Smith School's LTSCM Fellows Program
 Smith Strategic Plan 2006-2011 (Available Online)
 Fall 2006 Smith Business Magazine
 Fall 2006 Research@Smith Newsletter

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Spotlight: Debra Pierce
Special Projects Coordinator, Office of External Relations

Debra Pierce currently holds the position of special projects coordinator in the Office of External Relations, however, she will be leaving her post at the Smith School on December 1 to start her own nonprofit organization. Pierce joined the University of Maryland in 1998 in the University Relations Office and moved to the Office of External Relations here at the Smith School in December 1999. Over the years, she has worked her way up from administrative assistant, to office manager, and finally to her current role as special projects coordinator, in which she supports the corporate development team.

Pierce is launching Tradeprep Inc., which will assist disadvantaged women in securing employment and becoming self-sufficient. The program will include job readiness training and life skills coaching such as money management, social skills and home responsibilities.
►Full Story


Student Leadership Profile: Leslie Pankowski
Vice President, Student Affairs

This summer, Leslie Pankowski got to know two groups of people really well: the staff in the Masters Program Office and her classmates serving on the MBA Orientation Committee. As vice president of student affairs, planning and implementation of orientation week for full-time MBAs fell to her. During the school year, she also acts as a liaison between faculty and students for both full-time first- and second-year students.
Full Story

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Smith School in the News
 
Detroit Free Press – Nov. 12, 2006 – A story previewing the “big three” U.S. automakers meeting with President Bush includes a quote from business professor Peter Morici. Read more

Reuters – Nov. 9, 2006 – A story about the increased demand for the $2 bill includes a quote from business professor Peter Morici. Read more

Wall Street Journal – Nov. 8, 2006 – New research by management and organization assistant professors David Kirsch and Brent Goldfarb sheds light on the dot-com era and is the subject of the Portals column in the Marketplace section. Read more

Wall Street Journal – Nov. 8, 2006 – Business professor Peter Morici writes a letter to the editor in response to a series of articles on U.S. manufacturers. Read more

Associated Press – Nov. 7, 2006 – Election coverage includes a story about a push for trade policy changes by Democrats, which includes comments from business professor Peter Morici. Appeared in various outlets, including USA Today. Read more

Associated Press – Nov. 7, 2006 – Business professor Peter Morici is quoted in a story about GM’s ventures in China. Read more 

The Washington Post – Nov. 6, 2006 – Dingman portfolio company GoozEx, a video game exchange Web company run by Smith graduates, was profiled in a story in the business section. Read more

Federal Computer Week – Nov. 6, 2006 – Review of cybersecurity book by Lawrence Gordon, Ernst & Young Alumni Professor of Managerial Accounting, and Martin Loeb, accounting and information assurance professor and Deloitte & Touche LLP Faculty Fellow. Includes quotes from Gordon. Read more


Faculty Up Front

Top 15% Teaching Award Recipients
The Teaching Enhancement Committee (Arjang Assad, Judy Frels, Curt Grimm (chair), and Cindy Stevens) is pleased to announce the Top 15 % Teaching Award recipients for 2005-06. The Top 15% Teaching Awards are based on faculty performance during the previous academic year, consisting of fall semester, winter semester, spring semester, and summer semester sessions I and II, in that order. There are three categories of awards: category 1, top 15 percent of full-time faculty (including tenure-track and Tyser Teaching Fellows); category 2, top 15 percent of adjunct faculty and PhD students; and category 3, top 15 percent of faculty teaching in the MBA core and/or other courses with more than 65 students.

Congratulations to the following (categories are noted after the department name):

Anand Anandalingam, DIT (1)
Joseph Bailey, LBPP/DIT (3)
J. Robert Baum, M&O (1)
Simon Bensimon, Marketing (2)
Kathy Boyle, Marketing (2)
Eugene Cantor, Accounting (2)
Michael Chapman, M&O (2)
Victor Cheng, LBPP (2)
Wilbur Chung, LBPP (3)
Barney Corwin, DIT (2)
Hugh Courtney, M&O (1)
Chris Dellarocas, DIT (3)
Curt Grimm, LBPP (1 & 3)
Anil Gupta, M&O (1)
Rebecca Hamilton, Marketing (1)
Steven Heston, Finance (1)
Sharon Hill, M&O (2)
Wolfgang Jank, DIT (1 & 3)
Jeffrey Kudisch, M&O (3)
Patrice Lewis, LBPP (2)
Michael Padhi, Finance (2)
Michael Pfarrer, M&O (2)
Gordon Phillips, Finance (1)
Subramanian Raghavan, DIT (1)
Rhonda Reger, M&O (1)
Joyce Russell, M&O (1 & 3)
Debra Shapiro, M&O (1)
Galit Shmueli, DIT (1)
James Spina, M&O (2)
Gerald Suarez, DIT (1)
Alex Triantis, Finance (3)
Chih-Yang Tseng, Accounting (2)
Carl Ullrich, Finance (2)
Meg Vandeweghe, Finance, (2)
Dave Waguespack, M&O (1)
Ian Williamson, M&O (3)
Xiaomang (Alice) Zhang, M&O (2)
 

Thursday, November 16, 7:30 p.m.
Friday, November 17, 6:00 a.m.

What type of talent are some of the area’s top companies and recruiters looking for?

Don’t miss Maryland Public Television reporter Mindy Mintz’s second installment in this three-part series on the job market in 2006. In this special edition of Smith Business Close-Up you’ll find out what top employers and recruiters are looking for in potential employees. Corporate executives and recruiters and members of the Smith School’s Office of Career Management team, Peter Brown and Monica Shutte, discuss the skills and experience recruiters are looking for and the best ways to differentiate yourself in today’s competitive marketplace.

Smith Business Close-Up can be seen bi-weekly on Maryland Public Television's Business Connection. Watch this week Thursday, November 16 at 7:30 p.m. and Friday, November 17 at 6:00 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

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.

 
 

Technology@Smith

New Password Policy
Many of you have seen recent communication from the University’s Office of Information Technology (OIT) regarding their new policy for passwords in the University Directory. We will take this opportunity to explain what this means to you as a part of the Smith School community. If you have any questions at all, please contact the Smith IT Help desk at helpme@rhsmith.umd.edu or at 301-405-2269.

Many of you are (and should be) suspicious of e-mail asking you to change your passwords. The message from OIT is genuine – they have in fact changed their policy, and if you have not changed your password since August 16, you will need to change your password to continue accessing systems such as Blackboard, the eSmith portal, ARES, Testudo, and the campus wireless network. In addition, from now on passwords will expire on University systems every 180 days.

We urge everyone who has received a message about their University Directory password expiring to go to the university’s password site at http://password.umd.edu well in advance of the deadline. The servers handling the password rotation have shown signs of overloading, and you don’t want to get caught in the rush on the last day. There are two upcoming dates for these changes - November 8th and November 15th. The notification e-mail you receive from OIT will indicate which expiration date your account will be assigned – you cannot choose or change this date.

If you have not already done so, when you go to their site to reset your password you will be prompted to enter the answers to a set of security questions. This set of questions will be used to validate your identity in the future should you ever forget your password. With these questions, users will be able to reset their own passwords without having to contact the OIT help desk.

We know that many will find getting used to the new password policy to be painful, but this change of policy is an important step in securing computer resources at the University. State auditors created the password quality and rotation policy in alignment with state and industry best practices. Smith will be matching the policy to protect our own systems using the same standard in the near future. In fact, in an independent security penetration audit contracted by Smith IT, the only breech of Smith system security was through a low-quality password. It is vital we protect our systems and data from attack.

Questions with Answers
Q: Can I be exempt from the new policy?
A: We are unaware of anyone being granted an exemption by the University’s Office of Information Technology.

Q: Why is such a difficult policy in effect? What’s the point?
A: Security breeches at universities have made big headlines over the past few years. Because university networks (and UM is no exception) are so open on the Internet, they are especially susceptible to attack. It’s important that we follow industry best practices to protect all of our systems. It is often very easy for one compromise in one seemingly unimportant system to lead to other systems being compromised.

There are widely available programs that guess passwords. The site http://www.lockdown.co.uk/?pg=combi lists the time required for these programs to correctly guess passwords of different compositions. For example, a single typical desktop computer can guess an eight-letter password using just lower case letters in a maximum of 348 minutes, but the same length password using a mixture of upper and lower case letters plus numbers and symbols would take 23 years!

Q: What is Smith going to do to make this easier?
A: While the campus is providing no support to departments and colleges to implement their own security improvements, the Smith School is taking the lead in helping its users secure their systems. This summer we installed a new password change utility that will allow you to change the passwords for all of your Smith accounts (Netware, Lotus Notes client, and Lotus Notes internet) on one Web page. This system was rolled out to the incoming graduate students this fall, and based on the experience gained from that rollout we are developing a rollout plan for the rest of the school. The current plan is that we will call for Smith users to change their passwords to be compliant with the new policy in February, after we have fully deployed the tool. 
More detail on the password synchronization tool will come in a future message.

New Smith IT Web Site
Over the last several months, the Smith IT Staff have been working on a new look for their Web site. On October 19th, our new Web site went live. Please visit our new site at http://www.rhsmith.umd.edu/smithit and send any comments or suggestions to helpme@rhsmith.umd.edu.

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Robert H. Smith School of Business

November 16, 2006

 
 
 
FALL TERM 2006
11/23-24
Thanksgiving Holiday
12/12 Last Day of Classes
12/13 Study Day
12/14-20 Final Exams
12/20 UM Commencement
12/21 Smith Commencement

Holiday Calendar
►Career-related Events
 

3,674
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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.

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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
Susannah Campbell
MBA Candidate 2007

Webmaster
Mark Mulvanny
MBA Candidate 2007

Sachin Agarwal
MBA Candidate 2007

Loretta Goodridge
MBA Candidate 2008

Camille Hoff-Kain
MBA Candidate 2008

Other Contributors:
Office of Marketing Communications
Office of Smith IT

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

 

 

Upcoming Conferences, Career Fairs & Forums
11/17 – 11/19 Japanese-English Bilingual Career Forum (Boston, MA)

Upcoming Competitions
11/17 UNC Alpha Challenge (Chapel Hill, NC)
11/17 – 11/18 Thunderbird University 2006 i4 Challenge (online)
11/29 Global Social Entrepreneurship Competition (University of Washington)
12/10 National University of Singapore Global MBA Challenge (online)
12/15 GE/Dow Jones Environmental Business Plan Competition (online)
Online Procter & Gamble’s Just-in-Case Online Competition & Job Application
Online Group Danone’s Trust 3 Competition
Online L’Oreal’s e-Strat Challenge (REGISTER 09/28 – 11/28)
Upcoming in 2007
May Booz Allen’s CEO Challenge (Register in April 2007)

Internal Events
Fridays Pitch Dingman (11:00 a.m. – 12:00 p.m.)
11/16 Careers in Entrepreneurship Panel
11/16 Lunch Bazaar for Save the Children – Sudan
11/16 MBA/Alumni Happy Hour - Bethesda
11/17 Smith Speakers Series: Vikram Khanna, CEO of Galileo Health Partners
11/28 BioFuels, Healthcare and NetImpact Speaker Series
12/01 Smith Speakers Series: Dr. Russ Ackoff, Professor Emeritus of the Wharton School and Chairman of Interact, the Institute for Interactive Management
12/01 Dingman Day Lunch featuring Haroon Mokhtarzada, CEO of Freewebs
12/08 Pitch Dingman $500 Competition
05/04 Cupid’s Cup $10,000 Competition
 

Companies Onsite
REGISTER on SOURCE now! Visit SOURCE for the most recent updates on companies recruiting on campus.

 

 

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