Smith Newslink MBA
 
 
News Briefs
$20 Million Expansion to Van Munching Hall Underway
Construction BeginsEarly August brought construction crews back to Smith as work began on Van Munching Hall's North Wing, a $20 million addition of approximately 38,000 square feet to the Smith School’s home. An official groundbreaking ceremony will be held this fall and completion is slated for November 2007. The North Wing will include an office and classroom addition in the north end of Van Munching Hall and will also feature an entrance plaza and attractive green space. The addition will increase the Smith School’s space to approximately 238,000 square feet.
►Full Story (with architectural elevations)

 

U.S. News Ranks Smith School’s Undergraduate Program
Among Nation’s Best

The undergraduate program at the Smith School of Business is ranked among the best in the nation – with the school ranked as No. 18 in the United States according to the latest U.S. News & World Report college ranking report released on August 18, 2006. The Smith School also scored highly in a number of business specialty categories – with its management information systems, supply chain management and entrepreneurship programs listed among the nation’s top 10 and with a total of five areas listed among the nation’s top 15.

The Smith School's specialty rankings include:

No. 6 – Management Information Systems
No. 6 – Supply Chain Management/Logistics
No. 10 – Entrepreneurship
No. 13 – Quantitative Analysis
No. 14 – Management
No. 16 – Production/Operations Management
No. 17 – Finance
No. 18 – Marketing
No. 22 – International Business

►Full Story


Welcome Back Video Message from Dean Howard Frank
Video greetings from Dean Howard Frank as we begin another exciting year at Smith!
> Download to iTunes
> RealPlayer
> Windows Media
> QuickTime
 

Safari Users: in iTunes, go to Advanced>Open Stream> and paste in this URL: http://realtime.rhsmith.umd.edu/media/podcasts/frank-welcome-fall06.m4v


Smith School Launches Four New Executive Programs
With academic programs on four continents (North America, Asia, Africa, Europe), campuses at four locations in the U.S. (College Park, Rockville/Shady Grove and Baltimore, Md., and Washington, D.C), it's only fitting that Smith should be launching four new academic programs. The Evening Executive MBA, the Executive MS in Accounting, the MS in Business with a focus in Information Systems and Technology, and a customized MBA program with SAIC are all new executive degree programs from the Smith School.
►Full Story

 

GE Signature Event
On Wednesday, September 13, GE will host a Signature Eventthat MBAs are encouraged to attend. From 1:00–5:00 p.m. at the GE Business Expo in VMH, learn more about GE innovations and businesses. Attend a keynote speech featuring UM alumnus John Loomis, GE Industrial VP HR, at 5:30 p.m. in Frank Auditorium. Learn about GE leadership programs (Engineering, IT, Finance, Communications and Marketing) at an information session at 6 p.m.  -- and stick around for a 7 p.m. networking reception!


China Business Plan Competition Finals Next Week
Next Wednesday, September 13, the Smith School will host the semifinals in the school’s second annual China Business Plan Competition. A total of $50,000 in prize money will be awarded to three final winners at the event which will be held in Beijing. The five teams competing in the finals are: Aishi, ChinaLecture, Coolbar, JBI, and Same Talk. Dean Howard Frank will be among the Smith School representatives participating in the event. The dean will be joined by Liang Gui, director general of the Torch High-Tech Center at the China Ministry of Science and Technology, in naming the winners after the final round. There will also be a keynote address delivered by Daofeng He, chairman of the board at Sinoway Investment Corporation.

The Smith School, which delivers Executive MBA programs in Beijing, Shanghai and Tianjin, started the China Business Plan Competition in 2005 to help foster entrepreneurship there. The school’s Dingman Center for Entrepreneurship solicits business ideas from teams of entrepreneurs from across China, and then narrows the competitors down to a final five teams which present their plans before a panel of venture capitalists in the final round. The school received nearly 150 entries in this year’s competition.

►Full Story

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Smith School in the News

 

Shanghai Daily – August 28, 2006 – Logistics professor Sandy Boyson, director of the Supply Chain Management Center, writes an opinion article about supply chains adapting to manage the globalization process. The piece is adapted from a speech Boyson gave in China. Read more

Washington Post – August 25, 2006 – Part of a “Finishing School” multimedia package for business executives, the Washington Post highlights interview tips and cautions with an online video, produced by Smith’s Office of Career Management and starring Lindsay Terry and Moneca Surida. Watch online

Wall Street Journal – August 24, 2006 – Telecommuting, though it sounds attractive for many, does not always turn out to be the best option for workers. National Technology Readiness Survey data illustrates that even when given the option, many workers choose not to telecommute. Appeared in various outlets, including the Pittsburgh Post-Gazette and the Arizona Republic. Read more

Washington Post – August 24, 2006 – Existing homes sales fell more than expected last month and unsold homes reached record levels. Business professor Peter Morici said reported numbers were lower than expected and he and others had made predictions based on contracts signed. But some people managed to back out of contracts. “People are very hesitant right now,” Morici said. Read more

BusinessWeek Online – August 24, 2006 – With homes sales dropping and the economy slowing, the Federal Reserve may be reluctant to raise interest rates again. “The temptation to raise interest rates could result in a terrible bout with stagflation or a recession,” said business professor Peter Morici. Read more

Associated Press – August 24, 2006 – New homes sales dropped 4.3 percent in July. This is prompting builders to offer extra incentives to entice buyers, said business professor Peter Morici. “Overall, values are falling and builders’ profits are threatened,” he said. Read more

CFO Magazine– August 24, 2006 – Companies implicated in price-fixing schemes may have to pay fines twice or more, in Europe, the U.S. and other countries. “It’s a new world,” said Associate Professor Joshua Newberg. “More countries are getting into the act of competition enforcement.” Read more

USA Today – August 23, 2006 – The economy is slowing, but some question how much. One big variable is housing, according to Peter Morici, business professor. After adding to growth in the past several years, the sector has become a drag, with the drop in home construction shaving as much as one percentage point off gross domestic product. The impact could be far greater if the market falls faster, he said. Read more

BusinessWeek Online – August 23, 2006 – What you wear to a job interview can have a big impact – these tips offer some fashion dos and don’ts, including a quote from David Wilmes, manager of undergraduate student programming. “Students think they can wear scuffed-up shoes. Or in an informal setting, men think they can get away with no belt,” Wilmes said. Read more

Newhouse News Service – August 22, 2006 – Internet pages, such as MySpace.com, can be memorials to those who post to them when that person dies. Professor David Kirsch said people should plan for the digital afterlife. “We need to increase awareness of the way we leave digital traces and then try to take an active role in managing those pieces such that our wished are reflected in our digital imprint left after we die,” Kirsch said. Read more

The Economic Times (India) – August 18, 2006 – With an increasing number of family-owned businesses in India choosing to train their next generation through Family Managed Business (FMB) programs, these courses are fast gaining popularity. MDI will be offering a two-year Program For Family-Owned Business Houses, starting next year, which will have students spending about nine months abroad. "The Robert H. Smith School of Business at the University of Maryland will be one of our partners and we are in talks with the Babson College, America besides other European institutes," said Pritam Singh, director MDI. Read more

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Smith Business Close-Up on MPT

 

Thursday, September 7, 7:30 p.m.
Friday, September 8, 6:00 a.m.

How globalization and localization effect U.S. businesses
As a global superpower, the U.S. has the world’s best universities and a strong financial system, but with less than 5 percent of the world’s population, the U.S. economy accounts for almost a third of the global economy (or GDP). What does this mean in terms of globalization and international competitiveness?

In next edition of Smith Business Close-UpVinod Jain -- director of the Center for International Business Education and Research and senior director for the office of professional programs and services at the Smith School and a recognized expert in corporate strategy and international business -- will discuss globalization and localization – and their role in American companies’ success. To learn more about globalization and localization, plan to attend the Digital Economy Forum 2006. For more information visit: www.rhsmith.umd.edu/DigitalEconomyForum

Smith Business Close-Up can be seen bi-weekly on Maryland Public Television's Business Connection. Watch Vinod Jain Thursday, September 7 at 7:30 p.m. or Friday, September 8 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

►Watch previous episodes online.

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Faculty Up Front

The Smith School is honored to welcome 11 new faculty members this fall:

Accounting and Information Assurance:
  
James McKinney, PhD ’02, Smith School
Finance:
  
Georgios Skoulakis, PhD Northwestern University
   Albert (Pete) Kyle, PhD University of Chicago
   Dalida Kadyrzhanova, PhD Columbia University
Management and Organization:
  
Oliver Schlake, PhD, University of Paderborn, Germany
   Subrahmaniam Tangirala, PhD Purdue University
   Gilad Chen, PhD George Mason University
Marketing:
  
Michel Wedel, PhD University of Wageningen
   Jie Zhang, PhD Northwestern University
   Rebecca Ratner, PhD Princeton University
   Sanal Mazvancheryl, PhD University of Michigan

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Anil Gupta and Howard Frank to Speak at China Entrepreneurs' MBA Series
China Entrepreneurs, a non-profit organization that promotes China entrepreneurship, will launch the first of a nine-part China Entrepreneurs' MBA Series with a presentation from Anil Gupta, Ralph J. Tyser Professor of Global Strategy & Entrepreneurship, and opening remarks from Dean Howard
Frank. Gupta will present “How Successful Entrepreneurs deal with Risk and Uncertainty," on Sept. 12 at the Capital Club in Beijing. The MBA Series provides an academic perspective of issues entrepreneurs face as presented by leading professors from top international MBA programs.


►Download SAS On-Demand Webcast Seminar with Galit Shmueli, assistant professor of management science and statistics: "Analytics and Data Mining Skills Give Grads a Competitive Edge."

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Spotlight: Meet the MBA Class of 2008

Meet the MBA Class of 2008
The MBA class of 2008 is 114 strong, with an average GMAT of 651, average GPA of 3.4 and 5 years of work experience. International students account for 37 percent of the class, 28 percent are female and 20 percent are minorities.

For the third year in a row, Smith full-time MBAs were given Sprint-Nextel BlackBerry devices. Associate Dean for Professional Programs & Services Scott Koerwer asked students why they thought the BlackBerry®  was made part of the Smith MBA experience.

"So we can look super cool," yelled out one excited student. "Because they are so prevalent in business... to stay accessible to classmates and faculty... to be more effective and spend less time doing work, or spend more time doing work... so we can all have the same tools... to be a leader for the digital economy and live the tag line." On a lighter note, "...to create an addiction...  to get us to come here in the first place... to have something to do on the metro when someone is bugging us... to learn the important skill of thumb typing."

"I was in contact with a number of my classmates before orientation started and the topic of conversation that got them most excited was the BlackBerry," said first-year MBA student Lettie Goodridge. "Everyone was trying to figure out what model we would get and what service they would come with. I think people were counting down to the day that we would get our BlackBerry. As a first time user of a BlackBerry I was very excited to receive one and very overwhelmed once I did. The possibilities of what a BlackBerry will help me do seem to be endless. I immediately figured out how to message my friends. I think the more useful functions such as the calendar, I will learn to use with time."

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Technology@Smith

 

MBA Networth
Smith IT hosted a demonstration and review of the features of our exclusive online Smith MBA community site: MBA Networth today. Students learned how to  update their profile, share both personal and professional information, chat online with fellow students and even create and online community forums of interest. For more information about the community, visit http://www.mbanetworth.rhsmith.umd.edu. As always, if you want to find a Smith School password-protected site, just click on the "Login" link on the top of any Smith School Web site page.

Update Your Virus Protection
Our installations of McAfee are set to automatically update virus definitions, however, when security exploits are announced, this needs to be done more frequently. To protect your computer please manually update your McAfee virus definitions as soon as possible. To do this,
1. Right click on the red "V" in the taskbar at the bottom right of your computer screen.
2. Choose "update now" and it will update to the latest version of "dat."
Of course, new viruses or "exploits" are most likely being created, so you should routinely manually run McAfee updates daily.
 

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Robert H. Smith School of Business

September 7, 2006

 

Upcoming Events

9/8  Alumni Networking Event: Seattle, WA
Hosted by Andrew Mok '87 and Dominic Lepore '92
9/13 GE Signature Event
10/13 CareerQuest
11/3  CIO Forum


9/20 Discount for Students
Code: RHS ($295)


October 5-6 - Register Now!

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

 
 
 

55%
MD Drivers Who Admit to Using Cell Phone
While Driving

2006 UNIVERSITY OF MARYLAND DRIVER SURVEY  ►Full Story

 

 

 

Smith School History

1961 The College of Business & Public Administration moves into its new building, Tydings Hall, which served as home to the school for the next 30 years.

     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
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Susannah Campbell
MBA Candidate 2007

Webmaster
Mark Mulvanny
MBA Candidate 2007

Sachin Agarwal
MBA Candidate 2007

Loretta Goodridge
MBA Candidate 2008

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MBA Candidate 2008

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Office of Smith IT

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