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News
Briefs |
Smith
Research Finds MBA Leads to Higher Salaries
for IT Professionals
An IT professional with an MBA degree earns
46 percent more than a counterpart with only
a bachelor’s degree and 37 percent more than
one with any other master’s degree,
according to new research from the Robert H.
Smith School of Business, published in the
March issue of Management Science journal.
In dollar terms (deflated to 1999 figures),
IT professionals with MBAs earn, on average,
more than $24,000 per year than those with
only bachelor’s degrees and more than
$17,000 per year more than those with other
master’s degrees after controlling for a
variety of demographic and institutional
factors. “Our research confirms that getting
an MBA is the single best move you can make
to increase your value as an IT professional
in today’s market,” said Sunil Mithas, Smith
assistant professor of decision, operations
and information technologies and lead author
of the study.
►Full Story (Audio)
National Survey Finds Consumers Likely to
Spend $104 Billion on Green Technology
Products Per Year
Americans’ appetite for environmentally
friendly technologies and consumer products
is grossly underserved, with a potential
$104 billion in sales this year, according
to the 2007 National Technology Readiness
Survey (NTRS), sponsored by the Center for
Excellence in Service at the Smith School
and technology research firm Rockbridge
Associates Inc. The annual survey found that
71 percent of adults are interested in green
technology, but there is a large gap between
the number of products consumers own now and
the number they say they would like to own.
The $104 billion market opportunity
represents the annual sales potential of the
11 product categories measured in the NTRS.
More than half, $54 billion, is the
potential for sales of “green” vehicles,
including high-mileage, hybrid fuel, biofuel,
and alternative-fuel vehicles. Researchers
measured respondents’ interest levels for
each of the green product categories and
calculated market value based on average
selling prices.
►Full Story (Video)
Thai Government Sponsors New Thai American
Business Study Program
The Smith School is the recipient of a
$300,000 program grant from the the Royal
Thai Embassy and the Foreign Ministry of
Thailand. The three-year, $100,000-per-year
grant funded the launch of the Thai American
Business Study Program and is Thailand’s
first partnership with an American business
school. The program creates a student club
and a course on U.S.-Thailand/Southeast Asia
business interaction, sponsors student and
faculty exchanges, and supports student
study trips to Thailand. The program also
includes plans for Smith to collaborate with
the Thai government and universities to
explore initiatives that expand business
education in Southeast Asia, including
numerous guest speakers and professional
conferences.
►Full Story
Dingman Center to Host Third Annual Cupid’s
Cup Business Competition and BB&T Business
Invitational
The Dingman Center for Entrepreneurship
will host the third annual Cupid’s Cup
business competition on Friday, April 11.
The competition — sponsored by Smith alumnus
Kevin Plank, founder and CEO of
Baltimore-based sports apparel maker Under Armour — will pit five student/alumni-run
companies competing for $22,500 in prize
money to fund their ventures. This year’s
event also will include the first BB&T
Business Invitational, a showcase of Dingman-affiliated
companies. Several local entrepreneurs,
Dingman Center entrepreneurs-in-residence,
and local investors are planning to attend.
The event is open to all. The center
asks those interested in attending to
register online.
The invitational/showcase portion of the
starts at 2 p.m. in the Pownall Atrium in
Van Munching Hall. The Cupid’s Cup
competition begins at 3 p.m. in Frank
Auditorium and will wrap up by 5 p.m.,
including a presentation from Kevin Plank
and a post-competition reception. Local
vendors will provide lunch before the event.
Additional information is available online.
Smith to Host Second Annual CEO
Entrepreneurship Conference
The Collegiate Entrepreneurs'
Organization at the Smith School of
Business will host the Second Annual CEO
Entrepreneurship Conference, Saturday,
April 19 at the Universities at Shady
Grove in Rockville, Md. This year's
theme "e*Generation" will explore
various timely issues in the world of
entrepreneurship including the
environmental movement, opportunities in
technology, and the future of
entrepreneurship.
The conference will feature an array of
successful and highly experienced speakers.
It will also incorporate a business pitch
competition sponsored by Smith's
Dingman Center for
Entrepreneurship, with the winner of the
best business pitch taking home $500; and
entrepreneur networking lunch; a tour of the
environmental gold-certified Shady Grove
facilities; and a showcase of business
exhibits. Find out more and register online:
www.smithceoconference.com/
Smith MBA Community Celebrates International
Week
International and domestic students alike
came together to celebrate International
Week at Smith from March 3-7.
International Week was organized by the
International Club, whose purpose is to
leverage the diversity of the Smith School
and increase international awareness through
cultural and social activities. The
International Club also provides exposure to
international business opportunities while
increasing the multicultural consciousness
of the Smith community. “We are very excited about
the recent success of International Week.
This year, we almost doubled the number of
countries represented. Through joining
together, clubs can hold bigger and better
events that benefit the entire MBA
community,” said second-year MBA student
Alex Guo, International Club president.
►Full Story
Smith MBAs Team up to Help School Girls
Unite
Tiffany Grossman, wife of full-time
second-year MBA student Robert Grossman,
brought together the Smith MBA program and
the nonprofit organization School Girls
Unite, an advocacy group focusing on the
education of girls in Africa, on Saturday,
March 8 in Van Munching Hall. The day
was designed to help teenage girls become
more comfortable with public speaking as
well as provide them with information about
the organization in the hopes that they
would join the cause. “It was a lot of
fun getting to spend time with the girls and
learn more about them. I was also amazed at
what these high school girls were doing with
this organization. I was so happy to help
out,” commented second-year volunteer Liz Slobasky.
►Full Story
Faculty and Students Come Together Over
Lunch
On March 6, the logistics, business and
public policy department sponsored a lunch
for the full-time MBA students and faculty.
The department of decision, operations and
information technologies followed suit the
following Thursday by offering lunch to
students in the executive dinning room. Both
events were great opportunities for the
faculty to reach out and connect with the
students outside the classroom.
Conversations ranged from what people to
doing over spring break to how the
internship and job searches were going.
Everyone took pleasure in being able to talk
about their personal lives and leave the
classroom behind for an hour while enjoying
lunch.
Second-year MBA David Schneyer enjoyed
both events. “Free food is always good, but
it was also nice to sit around a table and
get to know our professors on a different
level, outside the classroom.” The
lunches have been well attended by both
faculty and students, filling almost every
table available. It is an event that
everyone hopes will continue on future
Thursdays throughout the semester.
Students and Entrepreneurs Meet at Dingman
Center’s Start-up Night
 In
March 2008, the Dingman Center for
Entrepreneurship hosted its annual Start-Up
Night, bringing together entrepreneurs,
students, venture capitalists and community
members to network and share ideas. The
event presented wonderful opportunities for
entrepreneurs to get advice, share ideas and
make contact with top MBA talent at Smith.
Students had the chance to network with the
entrepreneurs and speak with them about
potential job opportunities.
University
Update
►David Barbe Wins Olympus 2008 Lifetime of
Educational Innovation Award
A quiet leader who focuses on results,
Dr. David Barbe's programs have led to a
$14.4 billion impact on the Maryland economy
and a cultural change at the University of
Maryland for starting technology companies.
Barbe is executive director of the Maryland
Technology Enterprise Institute (MTECH) and
his programs have served as models for other
universities and initiatives across the
country. Barbe’s achievements as executive
director of the university’s Maryland
Technology Enterprise Institute (MTECH)
since 1985 were recognized by Olympus on
Friday, March 21, when he received the 2008
Lifetime of Educational Innovation Award.
The award was presented at the 12th Annual
Meeting of the National Collegiate Inventors
and Innovators Alliance (NCIIA)—Olympus’
partner in conducting the Olympus Innovation
Awards Program—in Dallas, Texas.
►Full Story ►UM Again Leads Nation
in MURI Grants from Department of Defense
For the second year in a row, the University
of Maryland has won three program awards
from the highly competitive federal
Multidisciplinary University Research
Initiative Program (MURI), sharing the lead
in awards both this year and in 2007.
However, Maryland is the only university to
be awarded six lead-institution grants over
the past two years.
►Full Story
Outlook Online:
http://www.outlook.umd.edu/
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Smith School in the News |
►Associated
Press – March 30, 2008 – Business
professor Peter Morici is quoted
in a story about impending federal
regulation of Wall Street.
►Read more
►Baltimore
Business Journal – March 28, 2008 –
The jobs outlook for students nearing
graduation is explored with quotes from
Christine La Cola, assistant dean
of
career management, recruitment and
business development.
►Read more
►Washington
Examiner – March 26, 2008 –
Management and organization associate
professor David Kirsch, an
electric car expert, is quoted in a
story about tax breaks for hybrid
vehicles.
►Read more
►The
Daily Record – March 25, 2008 –
Dingman Center for Entrepreneurship
Managing Director Asher Epstein
is quoted in a profile of a
Maryland-based small business.
►Read more
►The
Baltimore Sun – March 21, 2008 –
Business professor Peter Morici
writes and op-ed about the state of the
economy and fixing financial
institutions.
►Read more
►CNN:
Lou Dobbs Tonight – March 19, 2008 –
Business professor Peter Morici
appears on the show to talk about
recession, financial markets, and the
Bear Stearns buyout in one of several
similar interviews on these topics.
►Read more
►BusinessWeek.com
– March 18, 2008 – A Q&A with
LeAnne Dagnall, admissions director,
is published on the MBA Insider section
of BusinessWeek’s Web site.
►Read more
►Financial
Times.com – March 14, 2008 – The
Smith School’s new Thai Business
Program, funded by a grant from the Thai
government, is the subject of a news
item.
►Read more
►WTOP
Radio – March 12, 2008 – Research
from decision, operations and
information technologies assistant
professor Sunil Mithas that finds
IT professionals with MBAs earn higher
salaries is the subject of a news
item.
►Read more
►Wall
Street Journal Radio – March 12,
2008 – P.K. Kannan, Harvey
Sanders Associate Professor of Marketing
and director of the Center for
Excellence in Service, is interviewed
about the results of the 2007
National Technology Readiness Survey.
►Read more
►Financial
Times.com – March 11, 2008 –
Research from assistant professor
Sunil Mithas that finds IT
professionals with MBAs earn higher
salaries is the subject of a news item.
►Read more
More Smith
School in the News ► |
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Smith
Business Close-Up |
|
Sunday, April 6, 7:30 a.m.
Monday, April 7, 4:30 a.m. |
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What if marketers knew what you
wanted before you did?
 In
this week's edition of Smith Business
Close-Up, Michel Wedel, the PepsiCo
Professor of Consumer Science, talks
about personalization in marketing and
his groundbreaking new research that
creates a technology that delivers what
consumers want before they even know
they want it.
Wedel’s research — conducted along
with Smith marketing chair Roland Rust —
created an algorithm that learns
individual tastes and can zero in on the
type of music a listener wants to hear
to offer songs that fit that user’s
taste, with very little input from the
user. They call it an adaptive
personalization system. They implemented
the system to download play-lists of
songs to users’ mobile devices, but
the technology could be used in many
other ways, too, as marketing becomes
increasingly personalized.
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■ 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
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| 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. |
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Spotlight: |
Devon Loetz, Full-time MBA
Program Manager
 Devon Loetz joined the Smith School in
July 2007 as the program manager for
the full-time MBA program in College
Park. In this role she is responsible
for helping students manage their
schedules and experiences in the program
from the time they are admitted to
graduation. This includes working with a
number of different programs and in a
number of different capacities. Some of
the things that Loetz focuses on are
registration, graduation and scheduling.
She also helps to put programming
together for the students including
speakers and workshops, as well as
events like the case competition and
orientation.
►Full Story
Alexander Kouts, MBA Candidate
2009, MBAA
President
 As
the newly elected MBAA president,
Alexander Kouts hopes to leave a lasting
legacy on the Smith School of Business.
As president, Kouts will be responsible
for shaping the day-to-day lives of the
current MBA students here at the Smith
School as well as influencing the
initiatives and policies for future
generations of MBAs. Kouts’ aggressive
agenda combined with his entrepreneurial
spirit were key factors that drove him
to become MBAA president and will be key
reasons he is able to influence change
at the Smith School.
►Full Story |
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| Faculty
Up Front |
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Congratulations
Teaching Award Winners!
Krowe Award Faculty Category
(alphabetical order):
- Gary Bulmash (AIA)
- Larry Gordon (AIA)
- Rachelle Sampson (LBPP)
- Debra Shapiro (M&O)
- Gerald Suarez (DO&IT)
- Mark Wellman (M&O)
Krowe faculty finalists:
Gordon Phillips (FIN)
Susan White (FIN)
Legg-Mason Award:
- Philip Evers (LBPP)
- Oliver Schlake (M&O)
Legg-Mason finalist:
Wolfgang Jank (DO&IT)
Krowe Award PhD/Adjunct Category
(alphabetical order):
- Ayson Alp (FIN)
- John MacDonald (LBPP)
- Carol Miu (MKTG)
- Sandra Lee Rose (AIA)
- David Sites (AIA)
- Andrew Sherman (FIN)
Finalists:
Alan Boss (M&O)
Tanakorn Makaew (FIN)
►Full Story
►Smith
Welcomes New Management and Operations
Executive-in-Residence Chip Pickett
The Smith School’s management and
operations department is pleased to
welcome George “Chip” Pickett as an
executive-in-residence. A defense and
aerospace industry veteran – having held
key strategic roles in both the private
and public sectors – Pickett is no
stranger to sharing his expertise in an
academic environment and is currently
writing a book about the application of
business strategy in defense companies.
►Full Story
►Anil
Gupta's book The Quest for Global
Dominance was published by Jossey-Bass/Wiley
in March 2008. Gupta's co-authored paper
on "MNC Subsidiaries and Country Risk"
has recently been accepted for
publication by Academy of Management
Journal. He has been invited to
serve as a keynote speaker at the
BusinessWeek CEO Forum in Dubai on
April 15, 2008. And Gupta and Chris
Bingham are co-chairing the
4th Annual Entrepreneurship Research
Conference at the Smith School of
Business scheduled for April 11-12,
2008.
►Smith's
DO&IT Department
hosted the Ninth INFORMS
Telecommunications Conference last week. The
conference had approximately 125
participants from all over the world. Bruce
Golden and Raghu Raghavan co-chaired the
event. Check back next time for event
highlights! |
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Technology@Smith |
►Virtual
Study Space in Blackboard
Have you noticed a new "Virtual Study
Space" under your Organizations when you
log into Blackboard? This link takes you
to some pre-set Virtual Classrooms using
Wimba. "Rooms" here have a few
differences from the "Live Classrooms"
and virtual rooms available to
instructors of Blackboard courses.
This Virtual Study Space was created
by campus for anyone with a UMID to
collaborate virtually with anyone else
with a UMID using Wimba. Anyone with a
UMID can initiate the meetings in these
rooms, including students, faculty and
staff. Collaboration in these rooms
isn't linked to any class roster, so
participation isn't limited to
registrants of a specific course.
Collaborators only have to enter the
same virtual study space at the same
time using their UMID to login. Get your
group to agree on a time and which room
to use and you will all be able to chat,
talk, set up web cams, share electronic
whiteboards, share what's on your
desktop, show slides and look at the
same Web pages all at the same time.
Rooms are pre-set for groups of five, 10,
25, or up to 150. The total number of
users who can enter that virtual room
are limited by choosing the correct room
size. When the room is full, no one else
can enter - however, you can't lock
someone out of a room if they have a UMID and there is space to enter. Also,
by default, everyone in the room will be
a "presenter" and can control what is
shown to the others. The other major
difference from a course-based virtual
classroom is that you may not create an
archive of your meeting. If you need to
ensure privacy, use a class based
virtual space or set up a meeting using
Lotus Sametime. If you want to just jump
into an already created open "room" and
brainstorm virtually with someone else
on campus, try the Virtual Study Space
in Blackboard.
There are instructions for presenting
with Wimba within the Virtual Study
Space under the first link in the space
- "Virtual Study Room Guide."
►AV
Requests
To request audio-visual support for special
functions, please fill out our
online form. Please be aware that Smith
IT cannot guarantee support for requests
received less than 48 hours in advance.
Also, any support needed outside of regular
business hours, or that creates greater
demands than usual on our support team
during normal business hours will be subject
to a fee to be set by Audio Visual Services
Management. For more information you can
visit the
A/V Services Web site. |
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April 4, 2008
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Smith School
History
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The business school’s mission statement,
published in the 1924–25 course catalog,
reveals its lofty ambitions: “The chief
aim…is to produce thinkers rather than
routine workers, executives rather than
subordinates.”
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►Interactive
Smith School Timeline
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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
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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