|
|
|
|
News
Briefs |
 Video
Message from the Dean
Video greetings from Dean Howard Frank as we
begin another exciting semester at Smith!
Watch Now:
►MOV or
►WMV
►Download to iPod (MP4)
►Get Quicktime
Financial Times Ranks Smith School
Among Top
The Smith School’s MBA program was ranked
No. 18 in the United States in the
Financial Times MBA 2008 rankings,
published Jan. 28. The school ranked No. 6
among business schools globally in the “Best
in IT” category and No. 7 in the “Best in
eBusiness” category, both of which are based
upon alumni recommendations. Smith’s PhD
program is ranked No. 6 in the U.S. and No.
13 in the world and the school is No. 11 in
the world for research. The school’s MBA
program comes in at No. 5 program among
public business schools in the United
States. The MBA program also placed No. 2
among the top 20 U.S. schools in the “value
for money” category.
►Full Story
Smith MBAs Put Skills to Test in
Annual MBA Case Competition
Undoubtedly the one of the most
anticipated events of the Smith MBA
program, the annual MBA Case Competition
puts strategic thinking and analytical
skills of full-time second-year MBA
students to the test. The six-day
competition started on Friday, Jan. 25
when 20 teams of students received a
case about Teva Pharmaceuticals.
Students went through three rounds of
competition and the final four teams
competed for a grand prize of $1,000 per
person. The winners of the competition
were "Team A" (pictured l to r):
Rukhe Aghomo, Joseph Ardo Miravalles,
Teya Tuccio-Flick, Dean Howard Frank,
Mindy Daniels, and Selim Geron.
►Full Story
MBA Association’s Monte Carlo Night Attracts
Record Crowd
Over 300 people attended Monte Carlo Night,
a signature event hosted by the Smith
School’s MBA Association, on Saturday, Feb.
2, at the J.W. Marriott Hotel in Washington,
D.C. Drawn by a night of gambling and
revelry, 25 faculty and staff, 25 alumni, 40
part-time MBA students, and 210 full-time
MBA students packed the ballroom. A portion
of the proceeds from ticket sales benefited
DonorsChoose.org, an organization
dedicated to addressing the scarcity and
inequitable distribution of learning
materials and experiences in our public
schools.
►Full Story
Smith Research Finds Consumers Save More
Than $7B by Shopping on eBay
New research from the Smith School of
Business finds that consumers save billions
of dollars annually by buying goods through
the online auction site eBay — more than $7
billion in 2003, according to researchers.
The study marks the first time this benefit
to the overall economy has been quantified.
The flip side of these benefits, however, is
that sellers are leaving billions on the
table that they could have charged buyers by
setting higher prices. Smith School
researchers
Wolfgang Jank and
Galit Shmueli, both associate professors
of decision and information technologies,
worked with Ravi Bapna, associate professor
at the Indian School of Business, to examine
consumer purchase data from more than 4,500
eBay auctions in 2003. They were able to
measure the difference between what people
were willing to pay and what they actually
paid.
►Full Story (Videos)
Smith Students Open Trading on NYMEX
 A
group of Smith School undergraduate and MBA
students had the honor of ringing the bell
to open trading on the New York Mercantile
Exchange Feb. 1. The students manage the
Smith School’s two investment funds — the
$1.2 million Mayer Fund and the $100,000
Lemma Senbet Fund — and were in New York for
an educational trip to meet with financial
professionals. The New York Mercantile
Exchange, NYMEX, is the world’s largest
physical commodity futures exchange and the
preeminent trading forum for energy and
precious metals. NYMEX Chairman Richard
Schaeffer is an alumnus of the Smith School.
►Full Story
Smith School Welcomes Participants to Third
Executive MBA Cohort in Shanghai
A welcome reception and party on Jan. 10
marked the start of the Smith School's third
Executive MBA cohort to launch in Shanghai.
A mix of EMBA cohort participants, alumni,
local corporate leaders, and Smith School
faculty and staff from Smith's main campus
in College Park, Md., were present to
celebrate and mark the occasion, which was
organized by Smith alumni Paul Mauerman (EMBA
'06), financial controller at Black & Decker
Suzhou.
►Full Story
Smith School Successfully Hosts 2008
Leadership and Organizational Development
Forum
The Smith School, in partnership with
HRoot, a leading human resources media
provider in China, jointly organized a
Leadership and Organizational Development
Forum 2008 on Jan. 8 in Shanghai. The forum
was well attended by approximately 100 human
resource professionals, senior managers,
government leaders and prominent academics.
The event explored challenges in building
success through leadership development and
offered opportunities for participants to
share experiences.
►Full Story
Van Munching Hall’s North Wing Open for
Business
This spring the Smith School welcomes a new
addition to its family. Officially opening
in January, the North Wing, state-of-the-art
addition to Van Munching Hall, is a new home
for Smith’s student and staff population.
For months the Smith School has watched this
new section of the facility rise from the
ground, eagerly anticipating its opening.
Students and staff are all very excited
about the new resources the North Wing
brings to Van Munching Hall.
►Full Story
Business Ethics Lecture Series
The
Smith School's Spring Business Ethics
Lecture Series will begin next week with
Jude A. Curtis, the chief ethics &
compliance officer for
PricewaterhouseCoopers LLP. Curtis is a
principal in the firm and a resident in
PricewaterhouseCoopers' New York office. He
is responsible for PricewaterhouseCoopers'
ethics and compliance program in the United
States, covering all of
PricewaterhouseCoopers' practices and its
30,000 partners and staff. All lectures in
the series will be held in Van Munching
Hall's Frank Auditorium (1524) from 5:30 to
7 p.m.
- Date: February 11, 2008
Speaker: Jude A. Curtis, Chief
Ethics & Compliance Officer,
PricewaterhouseCoopers LLP
Topic: “Ethics and
Professionalism”
- Date: March 24, 2008
Speaker: Lori Golden, Ernst &
Young
Topic: Disability issues
- Date: April 21, 2008
Speaker: Dean W. Krehmeyer,
Executive Director, Business Roundtable
Institute for Corporate Ethics
University
Update
►Presidential
Hopefuls to Visit UM
Governor Mike Huckabee, hosted by
the College Republicans and Republican Women
at Maryland, will speak at noon on Saturday,
Feb. 9 in the Grand Ballroom of the Adele H.
Stamp Student Union. Doors will open at 11
a.m. The event is free and open to the
public.
Senator Barack Obama, hosted by Students
for Obama and the College Democrats, will
speak in Comcast Center (New Location) at 12:30 p.m. on
Monday, Feb. 11. Doors will open at 10:30
a.m. The event is free and open to the
public. (No large bags or backpacks to
either event)
►
New LEADERS Program Seeks to Develop
Maryland's Best and Brightest Students
The University of Maryland announces a new
LEADERS program for high-potential students
to help them win post-undergraduate
scholarships and international awards. The
new program is being led by alumnus Tom
McMillen. "The LEADERS Program is designed
to develop students of extraordinary
talent," says the former basketball star,
Rhodes Scholar and Maryland Congressman.
"Through a combination of workshops,
colloquia, international experiences and
internships, our goal is to help these
students win national and international
awards like the Rhodes, Truman and Fulbright
scholarships."
►Full Story
►Clarice
Smith Performing Arts Center
Take Five: Robert Glasper Trio,
Gildenhorn Recital Hall
With deep roots in jazz and a subtext of
hip-hop, R&B and alternative rock,
up-and-coming musician Robert Glasper
displays a musical maturity well beyond his
years, articulating bold ideas about what a
jazz piano trio can achieve. Come see the
Robert Glasper Trio perform on Tuesday,
Feb.12 at 5:30 p.m.
►Full Story
|
|
▲ Back to Top
|
|
|
|
Smith School in the News |
►China
Daily – Feb. 4, 2008 – Anil Gupta,
the Ralph J. Tyser Professor of
Strategy, and Smith alum Haiyan Wang
co-author an article business in the
global economy. This is the fourth
article the paper published by the pair
over a month in advance of the release
of their book, “The Quest of Global
Dominance.”
►Read more►ABC
News: World News with Charles Gibson –
Feb. 1, 2008 – Business professor
Peter Morici is interviewed about
the economy and possible stimulus
package.
►Read more
►Baltimore
Sun – Feb. 1, 2008 – Marketing chair
Roland Rust is quoted in a story
about the marketing phenomena of “Hannah
Montana.”
►Read more
►New
York Times.com – Jan. 29, 2008 – A
technology news blog details research
from Galit Shmueli and
Wolfgang Jank that finds consumers
save billions using eBay.
►Read more
►Smart
Money Small Business.com – Jan. 28,
2008 – The Smith School’s Dingman
Center for Entrepreneurship is
highlighted in a story about university
incubators for undergrads. The story
also includes quotes from Managing
Director Asher Epstein.
►Read more
►Reuters
– Jan. 28, 2008 – A news story details
research from Galit Shmueli and
Wolfgang Jank that finds
consumers save billions using eBay. The
research receives saturation coverage
across several newspaper and news blog
Web sites.
►Read more
►CNN:
The Situation Room – Jan. 23, 2008 –
Business professor Peter Morici
is in-studio with Wolf Blitzer to talk
about the White House economic stimulus
package.
►Read more
►WashingtonPost.com
– Jan. 22, 2008 – Dingman Center for
Entrepreneurship fellow Dan Goodman,
an entrepreneur-in-residence, is
profiled for his numerous ventures,
including Biodiesel University, a
nonprofit renewable energy education
organization.
►Read more
►Baltimore
Sun – Jan. 22, 2008 – Albert S.
“Pete” Kyle, finance professor, is
quoted in a story about the economy and
housing woes.
►Read more
►CBS
News: The Early Show – Jan. 17, 2008 –
Business professor Peter Morici
talks about the subprime mortgage crisis
in a clip.
►Wall
Street Journal.com – Jan. 15, 2008 –
WSJ.com enterprise blogger writes about
Smith MBA student and Dingman Center for
Entrepreneurship scholar Cherry
Kwunyeun and her use of Smith’s
eye-tracker research technology to
analyze her purse company’s Web site.
►Read more
►WashingtonPost.com
– Jan. 4, 2008 – Asher Epstein,
managing director of the Dingman Center
for Entrepreneurship, offers advice to
entrepreneurs in a video on Washington
Post’s small business blog.
►Read more and watch online
►Baltimore
Examiner – Dec. 26, 2007 –
Professors Ritu Agarwal and
Kislaya Prasad of the Center for
Health Information and Decision Systems
write an op-ed about IT and health care.
►Read more
►CNN:
Lou Dobbs Tonight – Dec. 21, 2007 –
Business professor Peter Morici is
interviewed about the subprime mortgage
crisis.
►Read more
More Smith
School in the News ► |
|
▲Back to Top
|
|
|
|
Smith
Business Close-Up |
|
 .
Thursday,
February 7, 7:30 p.m.
Sunday, February 10, 7:30 a.m.
Monday, February 11, 4:30 a.m.
|
|
Navigating the Digital Landscape
 New
technology has made it easy to create
digital versions of music, newspapers,
magazines, books, television shows and
movies – but not without challenges,
such as how to make the content readily
available to consumers while fairly
compensating the producers. This issue
has been raised by striking Hollywood
writers, whose demands include a cut of
the profits studios reap from digitized
content.
In this week's Smith Business
Close-Up Professor P.K. Kannan discusses
the opportunities and challenges created
by the increasing digitization of
content and how consumers, retailers and
those that produce the original content
can best capitalize. P.K. Kannan is the
Harvey Sanders Associate Professor
Marketing and the director of the Center
for Excellence in Service at the Smith
School. Professor Kannan is a recognized
expert in the fields of new
product/service development, customer
relationship management, Internet
retailing, and pricing and marketing
models/research.
Smith Business Close-Up can be seen
bi-weekly on Maryland Public
Television's Your Business and Money.
The program airs at 7:30 p.m. on
Thursdays and is repeated the following
Sunday at 7:30 a.m. and Monday at 4:30
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
and
downloaded to your iPod. |
|
▲Back to Top
|
|
|
|
Spotlight: |
Department Changes Its Name, But Not Its
Focus
The Smith School’s Department of
Decision and Information Technologies
(D&IT) has changed its name to the
Department of Decision, Operations, and
Information Technologies (DO&IT). The
department helps organizations meet the
challenge of managing enterprises
through adapting information systems,
networks and infrastructure through its
leading-edge research and educational
programs. Faculty are involved in the
development of state-of-art decision and
information management processes and
tools, and in providing thought
leadership related to the management of
organizations in an increasingly digital
economy. According to department chair
Hank Lucas, Smith Professor of
Information Systems, “We changed the
name to reflect the growing importance
of operations management in all parts of
the economy, from manufacturing to
services.”DO&IT offers OM and IS
majors in the undergraduate, MBA and PhD
programs. Faculty research focuses on
the disciplines of management science,
information systems, statistics and data
analysis, and operations and supply
chain management. The DO&IT department’s
research has received international
recognition, and the department was
recently rated as number six in the
world in information technology by the
Financial Times.
“We have a dynamic group of faculty
in the operations management area and
are very active in the field,” says
Lucas. The University of Maryland will
host the thirteenth annual meeting of
the INFORMS Society on Manufacturing and
Service Operations Management (MSOM),
June 5-6, 2008. Conference details as
well as more information about the DOIT
department can be found on their Web
site at:
http://www.rhsmith.umd.edu/dit/ |
|
|
|
| Faculty
Up Front |
►Marketing
Chair Roland Rust Honored
The University of Maryland named
marketing chair Roland Rust, the David
Bruce Smith Chair in Marketing, the
title of distinguished university
professor. The formal title is the
highest distinction granted by the
university president. It recognizes
University of Maryland faculty who have
earned exceptional merit nationally and
internationally for the importance of
their scholarly and creative
achievements, contributions and service.
►Full Story
►Dilip
Madan Named “Quant of the Year”
Smith finance professor Dilip Madan has
been named “Quant of the Year” by
Risk, a leading financial risk
management magazine. Risk readers and
contributors, which include quantitative
analysts and financial engineers, voted
Madan to receive the honor. Madan was
recognized Jan. 30 at the Risk Awards
2008 in London. He was selected for his
overall contributions to modern
quantitative finance and a
groundbreaking technical paper published
in Risk in September 2007, “Calibrating
and Pricing With Embedded Local
Volatility Models,” which established a
model that is now implemented among
Morgan Stanley’s trading desks.
►Full Story
►Jack
Haslem: The 30 Seconds Outlook, February
2008
“First, understand that the stock market
is a giant distraction to the business
of investing.” John C. Bogle, Knowledge
at Wharton, January 23, 2008.
Investors and market analysts cannot
predict market movements, thus the
rational investor does not attempt to
time the market, but rather follows
several basic rules: First, portfolios
should be diversified by broad asset
categories so that some classes rise as
others fall. Currently, equity prices
have fallen, but bond prices have
increased with falling interest rates.
Second, broad based index funds should
provide the core to any portfolio.
Third, the index funds selected should
be those with very low expense ratios,
such as 10-15 basis points. Finally,
remember financier J. P. Morgan’s
response when asked if stock prices
would increase or decrease: “Stocks will
fluctuate.” |
|
▲Back to Top
|
|
|
|
Technology@Smith |
►"E-mail
spoofing"
Do a Google search on those words
and find a wealth of information. Your
e-mail address can be used by spammers
to make their e-mail appear as if it was
sent from you with almost no effort and
very little technical skill at all. This
is called forging or spoofing your
address. When you see a copy of an
e-mail you have not sent using your
e-mail address as the sender, remember -
it is not an issue with your account or
computer. Your address has been
“spoofed.”
Although these e-mails appear to have
been addressed from your mailbox the
e-mails did not originate there. There
is a spammer using sender address
spoofing to pretend to be someone else
when sending e-mail. Internet e-mail (aka
SMTP) has no authentication method for
proving the sender of a particular
message is the real sender. This means
that with a small amount of technical
skill it is possible to send an e-mail
to anyone from anyone.
There is nothing that can be done to
prevent it any more than you could stop
someone writing your home address on a
regular postal letter in the 'return
address' space and then dropping that
letter in a mailbox somewhere. All you
will know about it is when the postman
knocks at your door with a bundle of
letters that couldn’t be delivered.
Unfortunately, this is a very common
problem with Internet e-mail. Since
everyone is much more likely to open an
e-mail addressed from someone they know
as opposed to an e-mail that came from
"Marketing Department" or "John Q.
Public," spammers will continue to use
the technique. They simply harvest
legitimate e-mail addresses, pick one at
random and then send their spam to other
addresses in the same domain using the
harvested address as a 'From' address.
With regard to your own computer, you
should have McAfee anti-virus installed
on your computer which helps guard
against viruses and Trojans that can use
your PC as a 'spam-bot' and you should
always install the Windows Updates that
are released monthly by Microsoft. The
Helpdesk can assist you with either of
these items on x52269 or by e-mail at
helpme@rhsmith.umd.edu.
Here are some links if you'd like to
know more about this:
en.wikipedia.org/wiki/E-mail_spoofing
www.windowsecurity.com/articles/Email-Spoofing.html
|
|
|
|
|
|
Bulletin Board
|
|
Income Tax Assistance for Graduate
Students
David North and his assistants have once
again offered to help graduate students with
their U.S. income taxes this year. The
service is provided at no cost to students
and no appointments are necessary. The
service is available from 9:30 a.m. to 4
p.m. in the Graduate Council Room, 2101 Lee
Building, on March 21, 22, 24, 28, 29, 31
and April 4, 5, 7. Be sure to bring
with you all of your financial information
from 2007, including: pay stubs for the last
period of 2007, W-2s, and 1099s.
If available, students should also bring
with them the tax forms that they filed in
2006. Additionally, it has been requested
that you bring a calculator with you. To
find out more about the service or get
information about how education plays a role
in your taxes, visit
http://www.union.umd.edu/GH/finances/income_tax.html.
Smith
Students Keep Blogs on MBA Experience
Four Smith MBA students are keeping blogs of
their MBA experience. Check them out!
♦
http://blogs.rhsmith.umd.edu/donna
♦
http://blogs.rhsmith.umd.edu/lettie
♦
http://blogs.rhsmith.umd.edu/adam
♦
http://blogs.rhsmith.umd.edu/pete |
|
Have an item for the bulletin
board?
Send e-mail to
aleyl@rhsmith.umd.edu
for consideration.
|
|
▲Back to Top
|
|
|
|
|
| |
|
Feb. 8, 2008
|
| |
|
|
| |
|
|
| |
|
Smith School
History
|
|
|
1942 J.
Freeman Pyle is appointed dean. Pyle substantially
broadens the school's focus to include coursework in
public administration, and the school is renamed the
College of Business and Public Administration (BPA). |
|
►Interactive
Smith School Timeline
|
|
| |
| |
|
|
| |
|
|
| |
|
|
| |
|
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
|
|
| |
|
|
| |
|
