Global Innovation - The Paul Merage School of Business

Transcription

Merage
S T R AT E G I C I N N O VAT I O N AT W O R K
2008/2009
Published by UC Irvine
The Paul Merage School of Business
ISSUE NO 2
Global Innovation
India: Opportunities
& Challenges
Make The Most of
Your Virtual Teams
Eastern Europe:
Expansion Opportunities
Executive Education is the continuing education
component of UC Irvine’s Paul Merage School of
Business. The intent is to provide on-going management
education to leaders in organizations – those who are
faced with complex problems in rapidly changing,
multi-cultural, and competitive environments.
Executive Education
at Merage
At the Merage School, we design specialized programs
of study that are either industry-specific or that meet
the needs of a particular organization. Programs range
from those offered to the general public to those
specifically designed to meet the unique needs of your
organization. Executive Education successfully brings
together industry experts, practitioners, and distinguished Merage faculty members to collaboratively
launch participants into the forefront of their
industries.
Our programs feature:
Management Training and Education – Our faculty
members are experts in a variety of business fields.
That means our courses are taught by leading
experts in each industry.
Experiential Projects – Because we take a custom
approach to program design, we are able to be
flexible and incorporate a variety of projects into
our programs.
Flexible Training – Group programs can be
designed for as few as eight to ten individuals at
a time.
Site Visits and Internships – Southern California
and Orange County offer a wealth of opportunities
for program participants to visit and learn from
local companies.
Translation – Though programs are generally
conducted in English, we have access to interpreters from many world languages.
Visit us at merage.uci.edu/ExecutiveEd
For more information:
ExecEd@merage.uci.edu
949.824.4943
Merage
2008-09
3 Dean’s Letter
I N N OVAT I O N
4 Unprecedented Times:
Or Are They?
6 Virtual Teams Get Real;
Multinational student
teams gain experience in
international collaboration.
No culture clashes here.
8 A Practicum With A Twist;
Merage business students
offer innovative ideas,
perspectives and solutions.
Management is listening.
10 Applying Sustained
Innovation to Global Issues
Cover design by:
Raymond Pirouz
6
18 Socially-Responsible
Students & Alumni Go the
Extra Mile
20 Strategies for Doing
Business in India
23 Leadership Styles Mix It Up in
Distinguished Speaker Series
23 Policano, Vandell Discuss
Global Economy at Annual
Business Outlook Conference
24 ACG Cup – Long hours,
exhausting work. The
rewards add up to a
winning experience.
25 Entrepreneurs Choose
Merage
FAC U LT Y I N S I GH T S
32 Faculty Research
37 Faculty Books
38 Four Merage Professors
Win Academic Awards
39 Making an Impact
C O L L AB O R AT I O N
40 Centering on the World:
Business Leaders and Their
Take on the Merage School’s
Centers of Excellence
42 Beall Center’s Innovation
Knowledgebase Gives
Answers to Grow On
43 Center News
28
42
B E YO N D T H E C L AS S RO O M
STUDENTS
12 Capitalizing on Investment
and Wealth Management
in the OC
26 Challenge For Charity –
Using Business Skills for
a Different Kind of Profit
46 Dean’s Advisory Board and
Donor Lists
14 Meeting of Minds – Executive
Education’s Custom
Programs spark dialogues.
27 Student Involvement –
Recent Merage graduates
explain why it’s so important.
15 MBA Update: Looking to
Stay Ahead
M BA P RO GR AM S
16 Alumni Businesses – Putting
Innovation into Action
28 Seeing the Global Picture
Through an Eastern
European Lens
30 MBA Program News
48 Dean’s Leadership Circle –
Your Network for Success
52 Family Day: A Whale of a
Good Time
ALU M N I N E W S
54 Merage Annual Fund
55 Class Notes
60 New Living Building Brings
Stories of Success
1
Merage
|
2008 – 2009
Merage
E D I TO R I AL D I R E C TO R
Donna Mumford
E D I TO R
Orange County’s World-Class MBA
Nationally ranked programs:
Top-5 in the United States for Marketing, BusinessWeek
(2005)
7th in the United States for Information Technology, Wall
Street Journal (2007)
11th in the United States, 1st in southern California for
Executive MBA Programs, Financial Times (2006 & 2007)
Highly recognized faculty:
5th in the United States for Faculty Strength, BusinessWeek
(2003)
3rd in the United States for faculty research contribution
(when adjusted for faculty size), University of Texas Study
(2004)
18th in the world for Faculty Research, Financial Times
(2007)
Dynamic MBA programs based on:
Sustained growth through strategic innovation
In-class and on-site experiences with real-world business
problems
Anne Warde
ART D I R E C TO R
Maureen Bresse
C O N T R I BU T I N G D E S I GN E R S
Raymond Pirouz and Michael Ward
WRITERS
Connie Clark, John Gregory, Shaheen Husain
Donna Mumford, Andrew J. Policano, and Anne Warde
P H OTO GR AP H E R S
Laurel Hungerford, Gary Lindblad, Leb Orloff, Carlos
Puma, Jorge Salas and Steve Shea
PRINTING
The Dot Printer
P RO JE C T M ANAGE M E N T C L AS S
It’s easy to put together a project timeline following
a chart in a text, but quite another to manage that
project when writers become ill, executives need to
reschedule, and interviewees are a world away.
Professor George Meier guided a team of 12 undergraduate students working with Merage staff to learn
the trials of Project Management firsthand by overseeing the production of this publication.
Six “Centers of Excellence” with first-class connections to the
business community:
The Center for Investment and Wealth Management
The Don Beall Center for Innovation and Entrepreneurship
The Center for Real Estate
The Center for Leadership and Team Development
The Center for Health Care Management and Policy
The Center for Research on Information Technology and
Organizations (CRITO)
World-Class Advisory Board of Leading Executives
CEOs from more than 50 of southern California’s foremost
companies, including:
Toyota Materials Handling
Experian
Ingram Micro
Mazda
Marriott International Lodging
AMO
Allergan
Increasing support from our community:
Over $50 million pledged since August 2004
m era g e. u c i. ed u
Pictured above (back row) – Professor Meier, Nick
Ingersoll, (middle row) – Vinh Sam, Sen Hirano, Jacob
Knobel, Peter Lee, (front row) - Steve Wai, Alton
Chisolm, Ran Jaden Cao, Pedro Morais, Keemya Najmi,
Jung-Ho Kim
P U B L I S H YO U R N E W S : If you are a graduate and
would like to publish your news or information go to
merage.uci.edu/go/alumni. After logging in, click “Post
A News Item” under Calendar & News. To request your
Username and Password, contact Alumni Relations at
949.824.7167.
T E L L U S W H AT YO U T H I N K: Let us know what you
think of Merage Magazine or if you have any interesting story ideas or photos to publish. Contact Anne
Warde at awarde@uci.edu or 949.824.7922 with any
thoughts, comments or ideas you may have.
TO S U B S C R I B E to this free publication visit
merage.uci.edu/go/subscribe
Merage Magazine is published by:
The Paul Merage School of Business, UC Irvine
Marketing & Communications, MPAA Suite 210
Irvine, CA 92697-3130
DEAN’S MESSAGE
What is the role of a business school
during economic uncertainty?
As the U.S. and global economies sail through rough waters, it is especially
important for us to deliver effective management education, teaching our students
and our corporate partners how to sustain profitable growth in a down cycle.
As the Merage School becomes a globally-recognized
source for information on strategic innovation to power
sustained business growth, we remain focused on providing an education that prepares MBA graduates for all
economic realities.
Our acclaimed faculty researches and publishes
timely information for both academic and business
use on various aspects of the business cycle, and
techniques for producing innovations that result in
successful business growth.
Our evolving curriculum teaches “just in time”
strategic innovation by incorporating the newest
and most compelling business
strategies into coursework.
Our competitive
intelligence class
forces students to
grapple with real
world business
dilemmas and
challenges.
Our MBA student consulting projects provide
solutions to complex business challenges at some
of the largest and most influential corporations.
Equally as important — whether in good economic
times or bad — is the Merage School’s focus on bringing effective, innovative business strategies to bear on
today’s most pressing and compelling social issues. No
matter the strength of the global economy, the community surrounding our campus and the citizens we touch
through our presence remain important priorities.
Through our Social Responsibility Initiative, our MBA
students are reaching out to the non-profit community,
addressing issues such as health care availability,
domestic violence, disease prevention and cure, environmental sustainability, low-income housing and
homelessness. We are providing management skills and
analysis to important community resources such as the
Pacific Symphony Orchestra, the Long Beach Museum
of Art, the Saddleback Valley School District and other
key organizations in our community. These rewarding
and vital projects bring our students and faculty in
touch with imperatives crucial to a broad-based, socially
responsible business education.
Our focus on strategic innovation combined with our
collaborative, hands-on student experience produces
graduates with core business skills intertwined with a
formidable social conscience. A powerful combination,
indeed.
Andy Policano
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Merage
|
2008 – 2009
INNOVATION
Unprecedented Times:
Or Are They?
These are unprecedented times. Or
are they? Consider the following
description of the overall environment we are experiencing in late
2008:
A Republican is in the White
House. War is fresh on everyone’s
mind. Immigration is fueling dramatic changes in society. New
technologies are changing people’s everyday lives. Business
consolidators and their Wall
Street advisors are creating large
new combinations through mergers and acquisitions, while the
government is investigating and
prosecuting prominent executives. The public’s attitude toward
business leaders is largely negative. The government itself is
becoming more intrusive. Much
of this is stimulated by an expansion that involved borrowers and
creditors overreaching in their
use of debt lowering the margin
of safety in the financial system.
Does this portray an accurate
description of what we Americans
are observing right now? You would
probably agree that is does.
However this paragraph is actually
adapted from a description of the
Banking Panic of 1907 (see Robert
F. Bruner and Sean D. Carr entitled
The Panic of 1907: Lessons
Learned from the Market’s Perfect
Storm). In fact, not only did a similar set of circumstances occur in
1907, but between 1814 to today,
the U.S. economy has experienced
no less than 14 different episodes
of banking panics.
Our current financial crisis is real-
4
e x p e r i e n c e I N N O V AT I O N
ly nothing new but it is different
from previous episodes in several
important ways. For a number of
reasons, primarily due to a decreasing regulatory environment and the
rise of new derivatives that were
inaccurately priced, the impact of
this crisis on the global financial
system is significantly greater than
in previous panics. But the effect on
the macroeconomy, while painful,
will be much less than experienced
in the past and certainly much less
than what occurred during The
Great Depression. Thanks to massive global macroeconomic policy
reaction as well as a number of
normal safeguards in the U.S. economic system, the unemployment
rate, rather than peaking at 25% of
the labor force, as it did during the
Depression, is likely to hit no higher
than 8.0 – 8.5% in the U.S.
Right now, under current policies
the global economy faces two criti-
Economic Commentary by Andrew J. Policano
Dean, The Paul Merage School of Business
November 2008
cal challenges: first, there is a
widespread lack of confidence and
second, a lack of liquidity. Much
analysis has been done of these
periods; in fact Ben Bernanke himself has studied financial crises and
The Great Depression in great
detail. The basic lesson learned is
that when people need more liquidity, the Fed should give it to them.
Simple enough, but the Fed doesn’t
drop cash from the sky, although it
is likely that right now Bernanke
wishes he could. Rather, the Fed
traditionally adds liquidity to the
economy through open market
operations whereby it buys bonds
from banks and provides cash in
exchange. Banks then lend this
cash to both businesses and consumers who increase spending and
boost the economy. The problem
currently is that banks are reluctant
to lend due to very shaky balance
sheets and a bleak economic out-
INNOVATION
look. Rather, they are building their
cash position to restore capital
adequacy ratios that deteriorated
due to poorly performing assets on
their balance sheets. Thus, while
the Fed has been willingly providing
cash to the banking system, the
corresponding boost to lending has
not yet occurred.
The inappropriately named “Bail
Out Program” evolved as an attempt
to remove poorly performing assets
from bank balance sheets and allow
loans to once again flow freely.
While $700 billion is certainly a
large number, life (and economics)
is always a relative game. Estimates
of one of the most significant classes of assets in trouble (credit default
swaps) are in the range of dozens
of trillions of dollars. The intent,
rather than to solve the entire liquidity shortfall, is first to restore
confidence. Still, many lenders will
continue to increase reserves rather
than lend. Rather than removing
bad assets, the Treasury has recognized it can have a much more
significant impact by adding equity,
taking an ownership position in
banks and increasing capital adequacy ratios directly. In addition to
freeing funds for loans, as an owner,
the government can encourage
additional lending. Over time U.S.
Treasury and Fed actions combined
with global central bank infusions
should increase liquidity and restore
well-functioning credit markets.
When will the market bottom and
what strategy should individual
investors follow? Bear markets historically tend to settle at roughly
30% below the market’s previous
high. We have already hit the 30%
market in both the Dow and the S&P
indexes. Now, some math. If you
have lost 30% (so every $1 is now
worth 70 cents) you will need about
a 43% return on that 70 cents to get
back to your original $1. How should
you allocate your portfolio to do so?
In money market funds you might
take as long as 12 – 15 years to
earn 43%; in bonds maybe 7 – 10
years. With equities that have historically averaged 8% returns, the
time to recover your losses would
be substantially less. Diversification
is a must; how aggressive you are
depends on your attitude toward
risk.
While the U.S. economy will certainly survive the current financial
morass, the long-term outlook is not
nearly as bright as the prosperity of
the 1990s. Rather, long-term growth
in the U.S. is likely to be slower and
inflation and interest rates are likely
to be higher during the next decade
than in the past ten to twenty years.
One of the major issues challenging President-elect Obama is that
the U.S. debt currently exceeds $9
trillion without including the impact
of a significant future shortfall in
both the Social Security System
and Medicare. The consequence is
that over the next decade, we must
all face the following realities:
The growth in government spending must slow (by much more
than “earmarks”);
Income taxes must rise;
Social Security benefits must fall
and/or Social Security taxes must
rise, and;
Medicare benefits must fall
and/or taxes rise.
So how can President-elect
Obama soften the effects of
these realities?
Tax cuts alone are not the answer.
Households are unlikely to spend
right now and spending is what the
economy needs to rebound from the
current recession. In a capitalistic
economy, two critical roles that the
government must take on are to act
as first, the lender of last resort (as
the Fed and the Treasury are now
doing) and second, the spender of
last resort. When consumers are
reluctant to spend, the government
must spend — but it must spend
wisely. Now is the time to enact a
“new” New Deal. President-elect
Obama’s plan, in fact, includes several facets of such a plan. What is
necessary is a significant government investment in infrastructure
and research; roads, high speed rail,
energy, education, communication,
research in new and emerging areas
of science and technology and other
areas that over time provide opportunities for businesses to flourish,
for the creation of higher paying
jobs and for the development of
innovations that continually support
sustainable growth.
These investments and the easing
of liquidity along with the resulting
effects on growth will take time. So,
how should individuals best prepare?
First, diversify your portfolio
based on your attitude toward risk
and the time until retirement. Too
safe a position will imply that you
will miss excellent opportunities
that are available right now in
stocks that are considerably undervalued. At the same time, be careful
not to absorb more risk than you
can tolerate.
Second, increase your savings as
appropriate based on a smaller than
expected Social Security benefit, a
higher cost of long-term health care
and slower income growth.
Third, expect a broad market
recovery but think carefully about
which sectors may be long-term
growth candidates.
Finally, always be a student of history. The fact that the world economy
repeats cycles over and over again
provides ample credence to this well
known observation by Edmund Burke:
“Those who don’t know history are
destined to repeat it.”
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Merage
|
2008 – 2009
INNOVATION
VIRTUAL TEAMS
Multinational student teams gain experience
YO U ’ R E O N A M U LT I NAT I O NAL T E AM tasked with creating a training module for a client in Brussels — and she
needs it tomorrow morning. One of your team members, who has vital project information, has been out of
communication for three days. What do you do?
You could e-mail a colleague in Helsinki for suggestions, or text a team member in Haifa for back-up ideas.
You could even ask your professor for help. Despite your
client existing only in cyberspace, your entire team —
with members from Madrid to Hong Kong — is still very
real. And, the project must be completed if your team
wants a passing grade.
Global Team Collaboration is an experiential learning
course offered at both graduate and undergraduate levels at The Paul Merage School of Business.
The brainchild of Merage School Professor Cristina
Gibson, an expert in multicultural team collaboration,
and Professor Miriam Erez at the Israel Institute of
Technology, the course gives students the invaluable
experience they will need to succeed in a global team
environment.
“Increasingly, work occurs across organizational,
regional or national boundaries in teams…enabled by
6
communication technology,” Gibson says in her course
materials. “Working in these collaborations requires
skills in cross-cultural communication, technology use,
and dynamic planning and design.”
Although students are also required to read selected
texts and perform team case analysis, the most talkedabout aspect of the course is clearly the chance to be
part of a global team.
Global Connections
Merage ’08 student Alex Rapoport explains, “This
project definitely made me work out of my comfort
zone, and forced me to put a good deal of trust in team
members from other countries. I didn't know much
about their work styles and work ethics initially, but over
the course of the project we all came together and
made sure we turned in a project we were proud of.”
Gibson says the students gained a profound sense of
global identity, which she describes as “the sense of
belonging to groups nested within the global work environment of multinational organizations.”
A more immediate benefit is showing up on resumes
and in job interviews. Several students say recruiters
INNOVATION
GET REAL
in international collaboration. No culture clashes here.
By Connie Clark
were impressed by the exposure to the material and the
experiences addressed in the course. They also note
that the challenges of working on a global team ran the
gamut from the complicated to the mundane.
like. In a time-sensitive, team-based project like this,
every team member needs to come in without an ego
and be willing to listen to everyone's ideas. This was an
incredibly valuable exercise and I'm certainly better off
for having done it.”
Collaborating From the Beginning
Another reason for the course’s success may be that it
was developed in true collaborative fashion. Gibson had
been tossing around the idea with colleagues for a
while, but it wasn’t until Erez in Israel came on board
that things really took off. Gibson notes, “The framework for developing the multinational teams was done
in conjunction with Professor Erez, who brought in a
dedicated PhD student to handle logistics.”
In a true collaborative sense, Gibson is proud of the
development team, including TAs Andreas Voigt and
Rebekah Dibble. Even the students themselves helped
by providing continuous feedback as the quarter unfolded, which Gibson says she used to make adjustments
along the way.
Global Business Leaders
Leading business schools from around the world
participate in the Global Team Course:
The Technion-Israel Institute of Technology,
Haifa, Israel
Indian Institutes of Technology, India
City University of Hong Kong
Peking University, Beijing
ESADE Business School, Barcelona and
Madrid, Spain
Swedish School of Economics and Business
Administration, Helsinki, Finland
The Paul Merage School of Business, UC Irvine
Stanford University
Michigan State University
University of Washington
Business Themes At Work
The course also incorporates the Merage School’s hallmark business principles from the perspective of the
global team:
Strategic Innovation: Course builds individual skills
and examines team level characteristics that serve as
“points of leverage for increasing innovation.”
Information Technology: Students gain hands-on skills
in collaborative technology planning and use.
Analytic Decision Making: Sequential activities and
exercises build into increasingly complex, strategic
decisions that require analysis of political, economic,
and cultural factors.
A Cultural Experience Like No Other
No matter what kind of experience students have,
Rapoport advises them to bring an open mind. “I think
so many of us have our own stereotypes and preconceived ideas about what people from other cultures are
I N N OVAT I O N AW AR D W I N N E R
Professor Cristina Gibson
received the 2008 Pedagogical
Innovation Award at the annual
Celebration of Teaching in
May. The UC Irvine Academic
Senate Council sponsors the
award, which was given to
Gibson in recognition of the
success of the Global Team
Collaboration course.
7
Merage
|
2008 – 2009
INNOVATION
w
i
T
st
A Practicum With A
Merage business students offer innovative ideas, perspectives
by Connie Clark
and solutions. Management is listening.
for a business
student to take away powerful
lessons from a management
practicum. It’s quite another when
host company executives learn
something, too. But increasingly,
that’s the result of many Merage
student experiences at companies
throughout Orange County.
During the past six years,
Merage full-time MBA student
IT’S ONE THING
teams have completed 60 projects
in a variety of industries and functional areas. Logging a total of
nearly 30,000 project hours, teams
tackle projects involving business
growth, market entry, new product
launches, process improvement,
and strategy development.
“Client satisfaction has been outstanding,” says Shaheen Husain,
Merage School’s Executive Director
“
This was a unique opportunity for us to work
collaboratively with Merage MBAs to examine the
challenges of our complex industry and explore how
recent innovations in technology may be applied to
further improve our manufacturing and operational
excellence programs. The Merage School team’s
intensive research, thoughtful analysis and sense of
purpose provided Watson with valuable insight into
critical applications of both process management
and process analytical technology.
”
Tom Giordano
Senior Vice President and CIO, Watson Pharmaceuticals
8
of Corporate Relations. “The feedback from executives is that the
students brought in perspectives
and ideas that they hadn’t thought
of. They’re getting real results for
real issues.”
The list of companies who have
had success with the program
reads like a Who’s Who of successful businesses, including Mazda
North America, Allergan, Advanced
Medical Optics, ConAgra, Kingston
Technology, and many more.
Husain believes part of the difference lies in the nature of the
team, which has a full complement
of resources to back it up, including faculty technical advisors and
consultant coaches from leading
management consulting firm
McKinsey & Co.
Clearly, however, the students
are in charge. Sample projects and
results include:
Developing a strategy to leverage
engineering resources overseas
and coordinate work with the
U.S.-based engineering teams.
Creating an innovative market
forecasting tool to provide
product planning direction.
INNOVATION
“
I want to express my
thanks to the UC Irvine
MBA team for the
thoroughness, diligence
and insight they brought
to AMO’s Market Research
project. The MBA program
leaders assembled an
outstanding team for us,
with relevant experience
in the healthcare industry
and solid leadership skills.
This program represents a
true win-win for the local
business community.
”
Jim Mazzo
Chairman & CEO, Advanced Medical Optics
Developing an inventory model
and recommending supply
strategies to increase inventory
turns and maintain high levels of
customer service.
Emile Pilafidis, PhD, lecturer and
part of the team that spearheads
the program, calls the practicum
experience a win-win for everyone
involved. “This is true experiential
learning,” he says. “We like to call
it ‘sticky’ learning because it stays
with the students. They come away
with significant lessons beyond
what they get in the classroom.”
Pilafidis says the projects achieve
a high level of cooperation from
companies, since the sponsors are
at the senior management level.
The success is apparent in the
program’s reputation for excellence. “We’re getting more
inquiries from companies, and
we’re excited to enter new and
emerging business sectors, such
as surfwear and new forms of
entertainment,” says Husain.
INTERNET USE TODAY
Teaching a Top Dog
New Tricks
by John Gregory
Five Full-Time MBA students of the Merage School’s course on Internet
Marketing presented their findings on social networking to Microsoft’s
Corporate Research department in April at Mountain View, California. The
presentation was the third annual Microsoft project conducted by student
teams of the marketing course taught by Professor Alladi Venkatesh.
The students conducted an online
survey of more than 1,000 undergrad...high quality and
uates from universities across the
very professional. It
country. Results and analysis were
presented to Microsoft officials on
communicated the
such social networking issues as:
“
key findings and
insights succinctly
and lucidly... [We]
are so fortunate to
have such a fruitful
collaboration.
What social networking sites do
young consumers use and how
often?
What devices do they use to access
these sites?
What activities do they engage in,
how frequently, and what activities
do they avoid?
What are young consumers’ attitudes and concerns about privacy?
How is online social networking evolving?
What are the contexts of social networking and other online
communications use?
”
Microsoft officials told Venkatesh that the presentation was “high quality
and very professional. It communicated the key findings and insights succinctly and lucidly… [We] are so fortunate to have such a fruitful
collaboration.”
The student team consisted of Kendra Hammer (group leader), Martina
Albers, Laurie Lipsky, Karyn Chen and Sarah Marren.
9
Merage
|
2008 – 2009
INNOVATION
f
APPLYING
By John Gregory
figure strategic
innovation is launching next year’s
model with a few more bells and
whistles. But at the Merage School
students are tackling problems
with global implications — like
poverty, global warming, school
failure, childhood obesity and
prison overcrowding.
In the Topics in Strategic
Innovation class taught by
Professors Leonard Lane and
MOST PEOPLE
“
By solving a problem
of this magnitude, I
realized that we can
solve anything at my
company using the
same principles. And
it will be a lot easier
than overcoming
poverty.
”
Lynda Lawrence, students start
with the basics: disruptive and
incremental innovation, Blue Ocean
Strategy which promotes a system-
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atic approach for “making competition irrelevant,” and a framework
for Business Model innovation that
involves a culture of ideas, plus
the people, practices and partners
that can move an idea to a profitable reality.
They study cases, including
Cirque de Solei, Yellowtail Wine,
3M, Li & Fung, and P&G.
They hear from experts in lively
in-person interviews: Fritz Reichert,
who invented the electronic cash
register; Brad Maihack, VP of
Finance, Innovation Processes at
H-P; and Joel Moskowitz, founder
and CEO of Ceradyne.
They learn new techniques in
hands-on workshops on brainstorming, sacred cow tipping,
loosely coupled networks, sixdegree information sourcing, and
the power of a story to create
change.
INNOVATION
TO
GLOBAL SOCIAL ISSUES
Then each team selects a problem: one that has been resistant to
old solutions and will take new
ideas, approaches and networks to
solve.
Just to increase the degree of
difficulty, each team must start
with an existing organization, then
apply new strategic approaches
and innovative ideas to improve the
outcome. Even though the teams
choose tough problems, no shortcuts are allowed. Dealing with
third-world poverty? Do it without
using charity. Reducing greenhouse
emissions? Don’t count on volunteers cutting back on their driving
or flat screen TVs.
The student solutions have to
include designing a business enterprise that can make money, be
scalable, and sustain them while
making a difference in the problem
area they select. And, they must
demonstrate breakthrough, gamechanging thinking.
Recently, two groups used technology to improve underperforming
schools and address childhood
obesity. They linked existing networks to make them more
efficient. By building on hundreds
of local nonprofits, these teams
leveraged relationships already in
place for manpower, improved
grant writing, spread best practices, and eliminated
redundancies.
Another group focused on an
aspect of third-world poverty and
“
Be the change you
want to see in the
world.
”
— Mahatma Gandhi
added micro-sourcing to existing
micro-financing programs, so that
a woman making 12 garments a
month would have a market for her
embroidered saris, and
Bloomingdales, for example, would
have a consistent supply from 100
small entrepreneurs.
The prison overcrowding team
added specialized facilities, job
training, drug rehab and incentives
to reduce recidivism, overall crime
rates and inmate populations.
The auto emissions group built
stronger marketing muscle and
new networks to sell more Tesla
electric sports cars.
One team expanded the use of
solar power in California using new
technology to release energy at
night, a bond issue to pay for infrastructure and recommended
incentives to encourage utilities to
become eager players.
So how does this translate to a
more traditional business?
According to one student, “By solving a problem of this magnitude, I
realized that we can solve anything
at my company using the same
principles. And it will be a lot easier than overcoming poverty.”
Another student commented, “I
always loved the quotation from
Mahatma Gandhi, ‘Be the change
you want to see in the world’. Now
I know that every single one of us
has the power to change the
world.”
11
Merage
|
2008 – 2009
BEYOND THE CLASSROOM
Capitalizing on
Investment and
Wealth Management
in the OC
IN 2005,
Dean Andy Policano announced the formation
of the Center for Investment and Wealth Management
as a vehicle to connect with the thriving investment and
wealth management community in southern California
and to provide information and activities of interest to
this important group of business people.
Since then, the Center has become a leading resource
for innovative programs that enhance and spotlight the
fields of investment and wealth management. Members
and guests attend quarterly meetings featuring presentations on such recent topics as the latest research on
behavioral finance, mutual fund advisors’ impact upon
fund performance, and the impact of the ongoing intergenerational transfer of trillions of dollars of wealth. In
addition, specific courses on investment and wealth
management are available as part of the Merage MBA
program, producing graduates with specific skills and a
commitment to investment and wealth management as
a career.
tion. The complex set of issues surrounding the creation, management and intergenerational transfer of
wealth are not adequately studied or taught in most
major business schools, leading to a shortage of talented, skilled investment and wealth managers.
How does the Center benefit MBA students?
An important goal of the Center is to produce highly
talented and knowledgeable MBA graduates with specific
skills and expertise in the wealth management industry.
Why a focus on Wealth Management?
The shifting demographics in the United States toward
a more heavily-weighted retirement sector have already
had a profound effect on numerous industries including
housing, health care, consumer goods and travel and
leisure. Another important aspect of this demographic
shift is that with longer life expectancies, families face
difficult challenges to adequately provide for current
liquidity needs of retired members while effectively
planning for the transfer of wealth to the next genera-
12
Center donors Mark Moehlman and Lane Ainsworth at a recent
Merage School event.
Classes include specialized finance, psychology, marketing, personal financial planning, insurance, taxation,
estate planning and other critical courses to the Career
Track in Investment and Wealth Management. The curriculum combines case studies with financial and
behavioral theory, preparing students for careers related
to investment banking, private client services, hedge
funds and other financial services careers. The Advisory
Board and the Merage School boast alumni in the financial services and wealth management industries who
counsel and advise students in the MBA program.
Polaris Investment Competition regularly beats
the market.
In addition, all MBA students in their final year of the
program can apply to become a participant in the Polaris
Investment Competition program, an optional, extracurricular activity founded and sponsored by philanthropist/
hedge fund manager Chuck Martin.
Students form teams of 4-6 members, each of which
develop proposals for the purchase of up to $300,000
of stock (maximum: $50,000 per student team member) in one or more companies. The program gives
students the opportunity to earn an economic reward
determined by the performance of their investment
portfolio and their rank in the competition with other
participating teams. Students search through, screen
and evaluate companies listed on the NYSE or NASDAQ
exchange to find companies that exemplify the best
qualities in business and are worthy of investment.
Students then assess the companies’ strategic position,
financial performance, market outlook, management,
and the valuation of their publicly traded stock.
The Center has also developed a program (Life Skills
Retreat) for young adults to provide basic wealth management skills. The Retreat provides a hands-on,
interactive experience designed to empower very highnet worth individuals with financial and life skills
knowledge on a wide range of topics.
For members of the Center, other ways to participate
include joining one of the committees of the board:
Membership Committee
Community Programs for Individuals and Families
Programs for Practicing Professionals
Networking and Programming for High Net Worth
Individuals
MBA Program Development
Web-site Development
Contact Mitch Spann at mwspann@uci.edu or
949.824.1655 for more information.
Calendar of Events
October 9, 2008
Fall CIWM Board Meeting & Speaker Event
The Merage School Executive Commons
3:30 p.m. – 7:00 p.m.
(by invitation only)
January 21, 2009
Winter CIWM Board Meeting & Speaker Event
The Merage School Executive Commons
3:30 p.m. – 7:00 p.m.
(by invitation only)
How can wealth managers in Orange County
get involved?
The Center for Investment and Wealth Management continues to develop a series of short executive programs,
workshops and an annual national conference that efficiently addresses topics critical to current practitioners,
and which may ultimately be coordinated in the offering
of a certificate for those who complete a specified program of study.
Potential areas of interest for conferences and presentations could include discussions of investment
strategies and objectives as well as clarification of
appropriate investment strategies and parameters
based on family dynamics and market factors. Additional
focus may be on risk management, valuation methods
to estimate the worth of a business and psychological
aspects of family dynamics.
March 11, 2009
Spring CIWM Student Career Event
The Merage School Executive
Commons
3:00 p.m. – 7:00 p.m.
March 19 & 21, 2009
CIWM CONFERENCE
Exiting Your Business – Options
in Today’s Economy
13
Merage
|
2008 – 2009
MEETING OF MINDS
Executive Education’s Custom Programs spark dialogues
between senior managers and experts in their fields.
But, it all begins with listening.
By Connie Clark
N E W TO N M AR GU L I E S L I S T E N S .
While many professors of his experience spend their days lecturing,
writing, or otherwise imparting
their extensive knowledge, the
Professor Emeritus and Associate
Dean of Executive Education keeps
his silence. And for organizations
like Ingram Micro and UCI Medical
Center, that silence is far more
than golden. By listening, Margulies
pinpoints company needs and
creates highly customized management training modules to improve
business practices.
At Ingram Micro, Margulies and
his team listened to senior executives who wanted deep training for
14
high potential managers around
the globe. Margulies organized a
team of Merage faculty experts
who worked with Ingram Micro
executives to design the sequence
and content for the training modules. The result is the Ingram
Micro Leadership Academy. Now
held every January, the Academy
brings together 25 senior level
managers for intensive dialogues
with professors and experts in
their respective fields.
Custom Programs offer far more
than training, Margulies insists.
“You can send a couple of your
senior managers to a seminar for a
week and they’ll listen to lectures,
maybe get into a small group or
two. We want executives to return
with innovative solutions for the
real issues they’re facing. When
you get an entire management
team involved, they come back
with real solutions. They also get a
chance to meet each other and
network. That’s invaluable.”
At the Leadership Academy,
managers are teamed with faculty
who are grounded in research and
theory in each particular content
area.
“Theory — people are afraid of
that word,” Margulies says. “But
truthfully, when business practice
merges with theory, things start to
happen. Real issues get solved.”
Customization is another key to
the success of the program. When
the executive management team at
UCI Medical Center wanted management training for their top
physicians and department leaders,
Margulies and his team developed
training modules that directly
addressed day-to-day issues.
“
Success
We want executives
to return with
innovative solutions
for the real issues
they’re facing.
”
Is the program successful?
Executives reply with a resounding
“yes.” But the best measure of the
success, according to Margulies, is
that companies return year after
year. “Business challenges;” he
says, “we never run out of those.”
Margulies won’t stop listening —
and responding — to those challenges, either.
MBA Update: Looking to Stay Ahead?
F
or the general public, the Merage School has
put together a unique, forward-thinking
Executive Education program called MBA
Update. Geared toward managers and administrators seeking to sharpen management skills and
enhance their careers, MBA Update is designed for
individuals – with or without an MBA degree who are
looking to:
Gain tools and techniques today and apply them
tomorrow
Network with peers in a dynamic classroom setting
Learn new approaches and perspectives from our
world-class faculty.
FAL L 2 0 0 8 S E S S I O N S :
October 9 – Competitive Intelligence with Professor
Leonard Lane – Learn the tools and techniques to get
inside the heads of your competitors and develop
intelligence-driven strategies, execute on proven
strategies and avoid pitfalls of others.
October 23 – Project Management that Works with
Professor Vish Krishnan – Explore the essential elements of creative and effective project management,
including vertical and horizontal project management
and the technical and social aspects of project execution.
November 6 – Negotiating Your Way Past No with
Professor Lisa Barron – Gain an understanding of the
difference between interests and positions, the techniques for generating agreements, and the ways to
address particularly difficult negotiation situations.
November 20 – Corporate Governance: New Issues
and Wrinkles to Operating a Public Company with
Professor Margarethe Wiersema – Update your knowledge about changes in corporate governance and the
pressing challenges facing public companies today.
SPRING 2009 SESSIONS:
February 26 – Effective Decision Making with
Professor Robin Keller – Gain the decision analysis
tools you’ll need to approach important, impactful situations with clarity and confidence, and improve your
decision making skills.
March 12 – Branding with Professor Imran Currim –
Learn to create, maintain, enhance, and protect
brands. Explore the strategic brand management
process from differentiation to managing a brand over
its life cycle.
March 26 – Managing Influence with Professor Jone
Pearce – Examine what recent research can tell us
about exercising influence down, laterally and up in
organizations, with time spent analyzing the participants’ own organizational influence challenges.
April 9 – The Coming China Wars – Meeting the
China Challenge with Professor Peter Navarro –
Explore the many risks and challenges of competing
in and against China. Understand the major sources
of China’s competitive advantage and outline several
economic and political strategies to meet the China
Challenge.
Sessions are held on Thursdays at the Merage
School on the UC Irvine Campus. Log on to register
at merage. uci.edu/go/MBAUpdate, or contact
Beverly Bond at 949.824.4943, bjbond@uci.edu OR
Lynette Albovias at 949.824.0523, lalbovias@
merage.uci.edu.
15
Merage
|
2008 – 2009
Thomas Antunez, ‘05
A LU M N I BU S I N E S S E S
Putting Innovation
into Action
by John Gregory
of Percentix,
an Irvine-based company that helps large corporations
innovate their finance and accounting functions.
Antunez says his MBA at the Merage School has
helped him in three ways. "First, it gave me the technical skills, including finance and accounting, to really
understand what it takes to run a business. This is critical as an entrepreneur.
"Second, the MBA honed my ability to articulate a
business idea to any level, whether it be to a CEO or a
financial analyst. This gave me the self confidence to
drive business ideas and concepts.
“Third, my MBA experience really developed my underT H O M AS AN T U N E Z , ‘ 0 5 , I S P R E S I D E N T
16
“
Much of our time is spent with the
CFO and his or her team discussing
how the finance function can
become a value-adding entity that
proactively works with the business
to achieve results, not simply report
on them.
”
standing of what it takes to work within a team — how to
know when to demonstrate strong leadership and when
to let others pull more of the weight. This is key for any
business professional. Merage is in the business of producing leaders, but graduates should understand that
leadership is as much about giving others the opportunity to lead as it is about leading on your own.”
Antunez says Percentix's business "is all about helping
large corporations remove unnecessary steps," particularly on massive spreadsheets, "that result in an
inordinate amount of time massaging data to get the
desired results. Our enterprise performance management
solutions maximize a company's shareholder value by
enabling the firm to set strategic goals, plan around
those goals, monitor actual performance and repeat the
cycle. Much of our time is spent with the CFO and his
or her team discussing how the finance function can
become a value-adding entity that proactively works
with the business to achieve results, not simply report
on them."
Antunez is one of the lead donors to the Dean’s
Leadership Circle (DLC) Endowed Professorship
Campaign and joined the DLC executive committee last
July. He is also a member of the advisory board at
Merage’s Don Beall Center for Innovation and
Entrepreneurship.
Please join us for our
Greg Creed
Alexis Livanos
Jim Caudill
Bob McKnight
President &
Chief Concept Officer
Taco Bell
Corporate Vice President &
President of Space Technology
Northrop Grumman
President, Hardware &
Home Improvement
Black & Decker
Chief Executive Officer
Quiksilver
NOVEMBER
18
FEBRUARY
Event Details:
All events, 6:00 - 7:00pm
Reception to follow
RSVP required
For more information visit our website at
merage.uci.edu/go/dss
10
APRIL
7
MAY
19
Register for all events and receive a significant discount.
SERIES OF
FOUR EVENTS
INDIVIDUAL
EVENTS
General Public
$150
$50
Merage Alumni
$75
$25
Free for Dean’s Leadership Circle, Corporate Partners, and students
with event registration.
We want to thank the sponsors of the 2008-2009 Distinguished Speaker Series: Verizon Wireless, Capital Group, PricewaterhouseCoopers, and
Wells Fargo. Their generosity has made this series a signature event at the Merage School.
17
Merage
|
2008 – 2009
Socially-Responsible Students
A
t the Merage School, social responsibility has
always been a cornerstone to the teaching philosophy. More than ever, it is woven into the
fabric of the school’s curriculum. With social,
political and environmental problems making
headlines daily, a strong “change-the-world” culture is
emerging as students seek to experience volunteerism
first hand.
On these pages are stories of the paths taken by two
Merage School students, one a graduate and one current, and both from the Health Care Executive MBA
program.
Elena Medo (‘06)
Elena is founder and chief
strategic officer of Prolacta
Bioscience, which makes products from donated human
breast milk to help premature
or malnourished babies around
the world resist infections and
decrease the incidence of serious diseases. Prolacta, based
in Monrovia, California, offers the first and only milk fortifier made from 100% human milk for the nutritional
needs of these babies. Prolacta was a co-winner of
PricewaterhouseCooper’s 2007 Entrepreneurship Award,
18
presented to technology-based companies in the Los
Angeles region.
Last fall, Elena arranged for Prolacta to donate the
processing of over 55,000 ounces of milk for the
International Breast Milk Project (IBMP) that was delivered to an orphanage in Durban, South Africa.
Prolacta’s donation received considerable attention on
television and print media. “It is great to witness such a
heightened awareness related to the importance of
breast milk for infants, which is leading to increased
breast milk donors nationwide,” Elena says.
All in a “day’s work” for the Merage graduate who
holds foreign and domestic patents to improve breast
milk production and since 1985 has worked with neonatal intensive care units to help new mothers overcome
lactation failure. Her volunteer projects include helping
the Professional Women’s Roundtable prepare women to
become business leaders and entrepreneurs.
“As an entrepreneur, I found that the Merage School
MBA was very helpful,” says Elena. “The emphasis on
health care in the HCEMBA program made all of the
course material amazingly relevant. The excellent faculty’s expertise in health care economics, health care
marketing and strategy were the diamonds in the program for me. As time goes on, I revisit some of the
business cases and see them from a new perspective.
My classmates were very high caliber professionally, so
& Alumni Go the Extra Mile
by John Gregory
I also continue to benefit by their career evolution and
the network that provides.”
Paul Leon (‘09)
Paul, a health care nurse with
the Orange County Public
Health Department, drove to
an emergency center in March
2007 to help a 64-year-old
diabetic man with his catheter.
What Paul saw at the center,
housing 150 homeless people,
was far more than one man in
need of medical attention. He summoned three ambulances and, as he told the Orange County Register, “I
could have stayed there all night and day” helping
others.
Learning that a second county-run emergency center
had the same lack of medical assistance, Paul created
the Comprehensive Health Assessment Team –
Homeless (CHAT-H), a new county department to
improve medical services for the county’s 35,000 homeless people. Since the two shelters only serve 1 percent
of this population, the scope of CHAT-H is county-wide.
During the program’s formation stages, Paul’s work
was largely voluntary. Eventually, the county created a
position for him as the first full-time nurse to serve the
homeless population exclusively. CHAT-H now has a paid
psychiatrist and part-time physicians, dentists and
nurses. Volunteers help with immunizations and other
preventative care.
CHAT-H was just the beginning for Paul. When he
enrolled in the Merage School’s HCEMBA program in
2007, he worked with fellow students to create the nonprofit Illumination Foundation to raise funds, recruit
volunteers and arrange weekly medical clinics to help
Orange County’s homeless. Illumination’s eight-member
board includes Paul, as president, and Merage students
Paul Cho, Aiko Tan and Larry Haynes. Merage professors Imran Currim and Paul Feldstein serve on the
advisory committee.
“We are also working with several local universities to
build a foundation that will be passed down to incoming
students to reinforce their community networking,” Paul
says.
He cites two Merage courses that “really assisted me
in honing my business management skills. Marketing
helped me see the homeless clients as my customers
and helped me understand their needs vs. their wants.
This makes me a better advocate for the homeless.” His
course in behavior of organizations “enhanced my ability to understand the dynamics of the county. This
allowed me to favorably position my newly-created
department in an underserved area.”
19
Merage
|
2008 – 2009
Strategies for Doing
Business in India
M E R AGE GLO BAL P E R S P E C T I V E S
by Anne Warde
C
ompanies that will be successful in the
future are those well-positioned to not only
anticipate change, but to capitalize on it.
It’s this idea that was the driver behind the
Merage School’s recent conference,
Strategic Initiatives in India: Partnering for Innovation.
The conference opened with welcoming remarks from
Andrew J. Policano, dean of The Paul Merage School of
Business; Paul Merage, chairman of Falcon Investment
Management and chair of the Merage School Dean’s
Advisory Board; and Suren Dutia, chief executive
officer of TiE, a global, not-for-profit organization promoting entrepreneurship.
Keynote speaker Mohandas Pai, board
member and director of Infosys, began
the day providing valuable insight to
Indian culture. “India is a shining
example of how an old country can rise and create a
society based upon non-violence, individual freedom
and individual choice,” said Pai.
Kris Wadia, executive partner of global sourcing for
Accenture, addressed what the US might learn from
India, the world’s largest democracy and second fastest
growing economy in the world. He gave advice for building and managing global teams, and also shared the
cultural challenges facing US firms sourcing from India.
“The quality skills and talent pool are there…companies
originally started doing business (in India) for the
cost savings, but stayed for the quality,” Wadia
commented. He concluded his presentation
with a prediction that companies should
expect to hire a COOO — chief outsourcing and offshoring officer — in the
near future.
T.V. Mohandas Pai, Chairman, Infosys BPO and
Member of the Board/Director, Infosys
Kris Wadia, Executive Partner of Global Sourcing at Accenture
Vijay Gurbaxani, director of the Merage School’s Center
for Research on IT and Organizations, and professor of
Information Systems and Computer Science served as
moderator for a panel discussion on Sourcing People,
Knowledge and Components from India. The second panel,
Operating and Selling in India, was led by Shiv Grewal,
senior corporate partner, Stradling Yocca Carlson & Rauth.
Highlights from the Panel Discussions
Venkat Tadanki, founder and chief executive officer of
Secova and founding member of Daksh – When considering whether to engage in business in India, companies
should not be looking at just cost alone. They should be
looking to create centers of excellence. “It’s no longer a
case of onshore vs. offshore, but rather best shore!”
Ed Fuller, President and CEO of Marriott
International Lodging with Dean Andy Policano
Dwight Decker, chairman of Conexant Systems, Inc. –
Increasing intellectual intensity is the trend. India was
initially seen as a source of cheap labor. Today, Indian
companies have climbed up the value chain to provide
world-class services at highly competitive prices.
Tom Kenyon, vice president of Technology
Management Group, CSC – Providing opportunity and
growth are keys to stability and retention. Competitive
wages go without saying, but they are not the top
issues. Rather, creating a sense of involvement is more
important for retaining quality employees.
David Pyott, chairman and chief executive officer,
Allergan – Discussing the success factors and hurdles
Allergan has faced in India, Pyott pointed out that the
“untapped market opportunity is huge.” He also stressed
Global Business Strategies Conference
Navigating Today’s Economic Challenges
Monday, November 17, 2008
Irvine Marriott Hotel | 18000 Von Karman Avenue, Irvine | 7:30 a.m. to 3:30 p.m.
the importance of establishing harmonious relationships
with Indian partners and aligning objectives to better
ensure success.
Alain Monie, president and chief operating officer,
Ingram Micro – “There are definitely very high-growth
opportunities, but with specific challenges,” warned
Monie. India is a complex environment and while good
management is available and a key factor to success,
the challenge is keeping it.
Ed Fuller, president and managing director, Marriott
International Lodging – Community relations is critically
important in India. To succeed, companies must give
back to Indian communities in very meaningful ways.
Fuller concluded that, “In spite of challenges, India’s
diverse economy and talent make it an ideal place for
going, working and interacting.”
A special appearance was made by actress Malaika
Arora Khan, who gave a highly entertaining luncheon
address on The Business of Bollywood.
Closing Comments
Andy Policano summarized the day’s discussion reiterating the points:
It’s not about offshoring, but rather “best shoring.”
Companies should consider planning products here
and implementing in India.
Many go to India first for cost savings, but they stay
for the quality.
The Strategic Initiatives in India conference was cosponsored by TiE. Corporate sponsors included: Marriott,
Conexant, Ingram Micro, The Allergan Foundation,
Stradling Yocca Carlson & Rauth, Irvine Chamber of
Commerce, Ducommun Technologies and HireRight.
MASTER
ORGANIZATIONAL BEHAVIOR
FROM 50 FEET IN THE AIR
Experience personalized full-time and
part-time MBA programs.
FOR MORE INFORMATION VISIT
merage.uci.edu/go/compare
Please join
us
for our
Distinguis
hed Speake
r
Greg Creed
Leadership Styles Mix It Up in
the Distinguished Speakers Series
(DSS) is increasingly visible and influential, according to
Shaheen Husain, executive director of corporate relations for the Merage School. “Instead of the Merage
School seeking out sponsors and speakers, they’re asking to be a part of the event! Top leaders want to
participate, which is a clear indication that this program is
having the desired impact,” Husain says.
Featured speakers from 2007-2008 included: Ed
Coleman, former chief executive officer, Gateway, Inc.;
Rick W. Rayson, managing partner of Deloitte & Touche
USA LLP; Eric Brandt, chief financial officer of
Broadcom; and James Mazzo, chairman and CEO of
I N I T S T H I R D Y E AR ,
Save the Dates for the 2008-2009 series:
NOVEMBER 18, 2008
Greg Creed, President & Chief Concept Officer, Taco Bell
FEBRUARY 10, 2009
Alexis Livanos, President, Northrop Grumman
Space Technology
APRIL 7, 2009
Jim Caudill, President, Black & Decker Home Division
MAY 19, 2009
Bob McKnight, CEO, Quiksilver
President &
Chief Conce
Taco Bell
pt Officer
NOVEMBE
Each of the
spe
R
18
Alexis Liva
nos
Corporate
Vic
President of e President &
Space Techno
Northrop
logy
Grumman
FE BR U AR
Y
10
akers will add
ress the imp
ortance of
strategic inn
ovation.
Series
Jim Caudi
ll
President,
Ha
Home Impro rdware &
vement
Black & De
cker
AP RI L
Bob McKni
gh
Chief Execut
ive Officer
Quiksilver
7
M AY
t
19
Advanced
Medical Optics. Each of these top
corporate leaders shared his organization’s approach to
creating sustained growth through strategic innovation
and provided insight into his company’s particular successes in the global economy.
“The Distinguished Speakers Series provides students
and business people alike with a snapshot of how companies have succeeded in the past and insight into
different leadership styles and how they contribute to
success,” said Angela Kim, a student at The Paul
Merage School of Business. “I have learned many lessons from this program that I plan to apply in my own
future endeavors.”
Each year the DSS brings to campus key business
leaders who address current business issues, leadership, ethics, and other relevant topics. The series is
sponsored by the Merage School’s Center for
Leadership and Team Development and supported by
corporate sponsors. Sponsors for 2007-2008 included,
at the platinum level, Verizon Wireless and Volvo Cars of
North America. Deloitte, Jones Day, HireRight,
PricewaterhouseCoopers, and Wells Fargo were silver
sponsors for the year. This year’s sponsors are Verizon
Wireless, Capital Group, PricewaterhouseCoopers, and
Wells Fargo.
Policano, Vandell Discuss Global Economy at Annual Business Outlook Conference
business leaders from Irvine
and the surrounding Orange County area, Andy Policano,
economist and Dean of The Paul Merage School of
Business stated, “There is no such thing as a local economy. We’re in a global economy…companies that are
thriving here are global companies.”
Dean Policano opened the annual Irvine Chamber of
Commerce Business Outlook meeting with a forecast that
the next decade would likely bring higher inflation, slower
growth and a shift in wealth from the United States to
other countries in the world. He also concluded that large
numbers of foreign investments would make it harder for
the federal government to curb inflation simply by putting
more money into the banks. Policano pointed out that a
Merage education prepares tomorrow’s business leaders for
A D D R E S S I N G N E A R LY 5 0 0
success in this new environment.
Kerry Vandell, professor of finance and director of the
Merage School’s Center for Real Estate, reported that
Orange County was “faring better than many
other parts of California.”
What happens in the
Len Hunt, former president and chief executive
OC does not stay in
officer of Kia Motors
the OC. This is a
America summarized the
impact the global econoglobal economy.
my has had on the
automotive industry and
— Merage School Dean
what to expect moving
Andy Policano
forward.
“
”
23
Merage
|
2008 – 2009
ACG Cup
Long hours, exhausting work.
The rewards add up to a winning experience.
By Connie Clark
to prepare a
course of action for a company
facing a difficult business decision.
You’ll present your ideas to a
board of complete strangers —
experts in investment banking and
corporate finance who are ready to
pounce on any cracks or inconsistencies in your plan. In your spare
time, you can study for midterms,
pay attention to your full time job,
and maybe check in with your
family once in a while.
That was the challenge faced by
the Merage Fully Employed MBA
YO U H AV E F I V E DAYS
(FEMBA) student team as they
competed in the second annual
Association for Corporate Growth
(ACG) Cup competition earlier this
spring.
Developed to give MBA students
real exposure to finance, mergers
and acquisitions, the competition
pitted Merage students against
teams from Cal State Fullerton,
Chapman University, USC, and
Pepperdine University. Merage
again walked away with exceptional
honors taking second place and a
$5,000 cash prize.
But students say the rewards go
far beyond the honors and money.
First-hand experience in preparing
and delivering a complete report to
investment bankers is invaluable,
says team member Bill Ryan.
“After all we went through — the
analysis, the sleepless nights, the
detailed criticisms of every angle,
and the hours of rehearsal for the
presentation, we knew we had a
final product we believed in, and
we were ready to present it, right
or wrong.”
Secrets of their Success
Bill Ryan, ‘08
24
Merage teams have walked away
with top honors in each of the two
years of the competition. They say
communication is the key to winning. “You need to be convincing,
clear, decisive and polished,” says
Ryan. “You can be the world’s best
financial modeler, but if you cannot
communicate your seven days of
analysis to the judges in under 15
minutes, you will find it challenging.”
For students who want to give it
a try next year, Ryan offers some
advice. “First, clear your calendar.”
Teams are given five days to pre-
“
You can be the world’s
best financial modeler,
but if you cannot
communicate your seven
days of analysis to the
judges in under 15
minutes, you will find
it challenging.
”
pare their presentation, and Ryan
says it’s absolutely essential to be
focused on the project during the
short timeframe.
The competition is sponsored by
the Los Angeles chapter of ACG,
an international association for
professionals involved in corporate
growth and development, as well
as mergers and acquisitions. With
11,000 members in 53 chapters
throughout North America and
Europe, the organization fosters
networking among its executive
community.
Merage
Rankings
Continue
to Soar
ENTREPRENEURS
CHOOSE MERAGE
by Shaheen Husain
M
erage MBA students bested Brigham Young
University, University of Santa Clara and
the University of Southern California to
capture the Entrepreneur’s Choice Award
at the 2008 Venture Capital Investment
Competition (VCIC) Silicon Valley Regional.
Congratulations to Merage team members Vern Briggs,
Max Brunner, Mike Meoli, Amarinder Sidhu, and Brad
Stoker. Special thanks go to Miramar Ventures and CB
Capital for coaching the team and to Charlie Baecker,
Administrative Director of the Merage School’s Don Beall
Center for Innovation & Entrepreneurship, for guiding the
team through the competition.
The Entrepreneurs’ Choice Award is given to the team
that best demonstrates the most insight and business
savvy in its questions. Founded by the University of North
Carolina in 1998, the VCIC is the nation’s premier MBA
competition that is complementary to the traditional business plan competition pitting top schools against one
another in an all day VC investment environment. Unlike
business plan competitions in which students pitch their
own ideas to investors, at VCIC the students are the
investors, and real entrepreneurs pitch to them.
Continuing its steady ascent
among top business schools,
Merage School again climbed in
the US News & World Report
rankings this year, jumping to
44 in 2008, from 53 in the 2007
ranking.
Dean Andy Policano credits
the rise to an excellent faculty
and an increasingly higher caliber
of students, also noting,
“Without the excellence of our
faculty and the dedication of our
staff members, none of our
achievements would be possible.”
Looking forward, Policano
noted: “We continue to focus our
efforts toward a solid upward trajectory over time, based on
continuous improvement in our
recruiting and placement efforts.
The Merage School is truly on
the move, with true distinction
and quality reflected in our curriculum and research.”
25
Merage
|
2008 – 2009
STUDENTS
Working – and playing – for a cause, Challenge for Charity members spend time at local and regional events. Left to right: At Stanford
University’s C4C Weekend, the Merage Dodgeball team earns second prize honors, while the Men’s Football Team takes home first
prize…Volunteers Kendra Hammer (FTMBA 08) and Ashish Gupta (FTMBA 09) pack groceries at Share Our Selves in Costa Mesa…Special
Olympics Bowling Tournament volunteers and athletes rack up laughs and lasting memories.
Challenge For Charity
USING BUSINESS SKILLS FOR A DIFFERENT KIND OF PROFIT
JO I N A S T U D E N T C LU B and you gain networking opportunities, leadership experience, and a chance to swap
ideas with peers. Join Challenge for Charity (C4C) and
you’ll likely gain something much more.
On any given afternoon, C4C members can be found
cheering at the Special Olympics games or putting
together food packages for homeless families at Share
Our Selves in Costa Mesa.
The chance to put their business acumen to use for
the greater good, say organizers, is one of the reasons
they join. The rewards are why they stay.
“It has been a full-time job,” says past chapter copresident Briana Ackerman ‘08. “I’ve invested more
time and energy than I could have ever imagined but
when I think about how much of a difference these
charities make in people’s lives, it makes it very rewarding at the end of the day.”
C4C has chapters at several business schools, including Stanford, UCLA, USC and the Merage School.
Founded in 1984 by Stanford MBA student Duncan
O'Brien to raise money for Special Olympics, the group
has since contributed a total of $3.28 million for Special
Olympics and other charities, and has donated tens of
thousands of hours of community service. According to
its website, C4C is the world’s largest MBA non-profit
organization.
26
Mixing Football with Fundraising
Like many chapters, the Merage group tirelessly hosts a
variety of fundraisers, inviting students, alumni, and the
business community. The annual Merage Bowl has
become a flag football tradition as alumni compete for
the championship. (Former champs FTMBA ‘05 took
home the win again this year.)
Members put aside their football cleats at the C4C Gala
and Auction in spring 2008 at Landmark Steakhouse in
Corona Del Mar to sample appetizers and sip wine courtesy of Lionheart Wines and alumnus Leon Glover III ’04.
Auctioned items included a private flight for two to
Santa Barbara and lunch, courtesy of Dr. Ripu Arora
’09; Lakers tickets in the 15th row, donated by Toshiba;
and a one-week timeshare in Mexico donated by
Amanda Gast ‘09.
“We’ve been working with alumni and members of
the business community to join our efforts,” Ackerman
says. “We’ve recently been added to Boeing’s list of
charities. Not only is it special to have alumni show
their support but it is also neat to have them share their
new business ventures with the Merage School community and learn about the successful accomplishments of
our Merage Alumni.”
Newly elected co-presidents for 2008-09 are Rakhee
Bhakta ’09 and Marc Cooperstein ’09.
STUDENTS
Student Involvement
Recent Merage graduates explain why it’s so important to get
involved with campus clubs and activities.
H OW D I D YO U R PART I C I PAT I O N I N S T U D E N T C LU B S
AN D AC T I V I T I E S B E N E F I T YO U ?
Ryan: Every MBA goes back to school to do bigger and
better things. For many the question is which career
path to take. Clubs and competitions can help you find
a career that strikes a chord for you.
S T U D E N T S AR E BU S Y. W H Y I S I T S O I M P O RTAN T F O R
T H E M TO GE T I N VO LV E D ?
Bill Ryan ’08
’07-08 President
Merage Student Assoc.
Ackerman: It gives you an opportunity to become a true
leader and take initiative. For those interested in entrepreneurship, taking a leadership role in one of the
Merage Clubs exposes you to the challenges you’ll face
in the business world. You’ll appreciate the hands-on
experience when you’re ready to start your own venture.
H OW D O YO U D E C I D E W H AT TO D O W I T H O U T
S T R E TC H I N G YO U R S E L F TO O T H I N ?
Ryan: The sooner you immerse yourself into clubs and
Briana Ackerman ’08
’07-08 Co-President
Challenge for Charity
activities, the more meaningful your time at Merage will
be. If you are undecided, try it all once. It could make
the difference between what you thought you would do
and what you actually do once you graduate.
H OW D I D YO U GE T I N VO LV E D ?
Ackerman: During my first week at the Merage School, I attended the Club
Fair and signed up as a volunteer for Challenge for Charity at the 2006
Special Olympics Bowling Games. Not really knowing what to expect, I
showed up only to be surrounded by hundreds of students all dressed up in
their school jerseys, faces full of excitement and ready to play. It made me
feel good to be part of such a positive experience in their lives. After that I
was sold, and decided to become an active member of Challenge for Charity.
I ran for co-president the following year.
I S I T TO U GH TO D I V I D E YO U R T I M E B E T W E E N S C H O O L AN D T H E C LU B ?
Ackerman: You definitely become a master of time-management and your
ability to delegate improves very quickly. I think you also learn to work well
as a team. There is absolutely no way Challenge for Charity could be run by
one individual, let alone ten officers. The club has been successful throughout the years thanks to the support of a large following of business
members, alumni, students, faculty, and staff.
W H AT AB O U T OT H E R ADVAN TAGE S ?
Ryan: The competitions, clubs and associations have reinforced my career
focus, but there’s another benefit. The memories and experiences I’ve taken
from them add immeasurable value to my Merage School experience and
degree. You can’t replace that.
MREA closes
on new logo,
website
W
ith a new logo and a
redesigned website,
the Merage Real
Estate Association (MREA) has
updated its image to reflect its
thriving membership and educational resources.
The logo, designed by MREA
member Mark von Leffern,
appears on the new site which
offers access to several
resources for students.
Officers say membership in
MREA brings tremendous value
for students pursuing a career
in real estate. Complementing
the Merage School’s extensive
real estate curriculum as well
as the resources offered by the
Merage School’s Center for
Real Estate, the MREA hosts
guest speaker and networking
events throughout the year. In
addition, career building
resources include the quarterly
updated Resume Book, which
is linked to the Career Center.
The website can be accessed at
merage.uci.edu/clubpages/
mrea.
27
Merage
|
2008 – 2009
MBA PROGRAMS
SEEING THE
GLOBAL
PICTURE
A week in Moscow and Prague
THROUGH AN
EASTERN
EUROPEAN
LENS
By Connie Clark
MBA PROGRAMS
F
U L LY E M P LOY E D M BA ( F E M BA) ’ 0 9 S T U D E N T S
prepared for their week-long residential in Russia
and the Czech Republic not by cramming on
Chekhov or learning the intricacies of Russian
politics, but by studying China and India.
The point, say their professors, is to gain a truly global
viewpoint. “This isn’t a case study on how to do business
in Russia,” says FEMBA Director and Assistant Dean
Tony Hansford. “It’s about getting a broad perspective on
the world we do business in, and the world we live in.”
China, fast becoming a stronghold for manufacturing in
Asia, as well as Hong Kong, Brazil and Argentina.
Eye Opening Course
FEMBA student and Johnson & Johnson staff engineer
Vishnu Raja refers to the trip as an “eye opener.” It
“provided an opportunity to learn business and investment opportunities outside the United States. The
Russia trip was ideal because it is one of the BRIC
[Brazil, Russia, India, China] nations where the economy
gives FEMBA students sharp exposure to world issues.
Hansford, along with Strategic Management Professor
David Blake and International Business Professor John
Graham traveled with two teams of Global Business II
students. Although all say they gained fascinating economic and political insights into Russia and her former
satellite state, they agree that the big picture lessons
were the most rewarding.
“I would be disturbed if students came back saying they
knew how to do business in Russia,” says Blake. Instead,
he wants them to be open to more questions. “The students learned that the implications for doing business
globally are constantly changing. They need to comprehend those uncertainties — that’s what they learn.”
A Relevant View of the World
Perhaps nowhere is global change and uncertainty more
jarring — and more ironic — than in Moscow, where oil
exports and the resulting affluence have transformed
Red Square into a thriving center of capitalism, and
where students were surrounded by advertising for
American and European products as they looked on at
Lenin’s tomb. In Prague, where they toured factories
importing contract workers from Bulgaria, Mongolia,
and Vietnam, students and faculty were struck by the
diversity of laborers from formerly communist countries.
That global relevance is a strong element. Trip planners
painstakingly and thoroughly plan residentials with an eye
toward areas keenly affected by global
issues, or those newly emerging on the
world stage. A decade ago, for example,
when NAFTA was just arising as a hot button issue, Professor Graham and his
student team journeyed to Tijuana, Mexico,
observing a vital example of the developing
world and its role in international trade. Upcoming residentials are planned for Guangzhou (formerly Canton),
is developing rapidly. We learned about the complex
Russian market, the political influence on business, the
legal system, economic indicators, obstacles and investment opportunities.”
International Experience: Vital For Everyone
Many say the real learning started as soon as students
began the interminable VISA wait. Coping with jet lag,
and paying a hundred dollars to get from the airport to
the Moscow hotel are all part of
the experience, say the professors.
No matter what
Nothing can replace the residential experience. In fact, Global
you do in
Business I and II, which include
the residential, are required
business, you
courses for all FEMBA students.
“No matter what you do in busiwill be exposed
ness, you will be exposed to
to international
international issues,” Graham
says. “Maybe you won’t be workissues.
ing internationally, but you’ll be
managing people with international responsibilities. Or you may be buying equipment from
someone with jet lag from an eleven-hour flight, and
they’re sitting across the table from you, trying to pay
attention to your presentation.” Students need to understand that, he says. And empathize.
Hansford agrees. “An understanding of cultural
nuances is vital to any business person. If you don’t
understand that, your success is going to be very limited.”
Raja says that company visits to Intel in Russia and
Daikin in Prague provided insight on conducting global
business from a local perspective, but it also gave him
deeper knowledge. “It was a pragmatic illustration of
concepts we learned in courses such as Organizational
Behavior and Operational Management.”
“
”
29
Merage
|
2008 – 2009
MBA PROGRAMS
•
•
Merage
Accreditation
Renewed as
School Continues
to Innovate
international accreditation organization of business schools
has once again renewed accreditation
for The Paul Merage School of
Business.
AACSB (Association to Advance
Collegiate Schools of
Business) International
accreditation represents the highest
standard of achievement among
business schools.
According to the
website, “Institutions that earn
accreditation confirm their commitment to quality and continuous
improvement through a rigorous and
comprehensive peer review. AACSB
T H E TO P
“
As we focus on the
challenge of achieving
sustained growth
through strategic
innovation, we must
practice what
we preach.
”
International accreditation is the
hallmark of excellence in management education.”
30
Dean Andy Policano affirms that
the continuing recognition for the
Merage School mirrors the school’s
key differentiator. “As we focus on
the challenge now faced by every
business, that of achieving sustained
growth through strategic innovation,
we understand that we must, in a
sense, practice what we preach. The
AACSB accreditation recognizes that
we are in fact adhering to that strategy for our own business, with
innovative programs, exceptional
faculty, and an ever-higher caliber of
students.”
•
staff pride themselves on listening to
students and responding to them.
“We know that our
students are extremely busy working
professionals with
demanding jobs —
often with families
to care for. This is
another indicator of
how we continually and creatively
respond to their needs.”
The confidential survey measured
the graduating class of 2007 and is
part of an annual study of part-time
MBA programs.
F E M BA
Merage Rated #1
in Responding
to Students
F E M B A G R A D UAT E S K N OW I T
well: an independent survey taken in
the final year of their studies, in
which they’re asked to rate their
MBA experience.
The latest survey, sent to graduating Fully Employed MBA students,
garnered top rankings for the
Merage School, especially in the area
of responsiveness to students’ needs.
Graduates not only gave Merage
high scores, but the School
bested all 100 MBA programs in the
category, seen as one of the most
important differentiators among
MBA programs.
“The cornerstone of our success is
the personal attention we give to
students,” says Tony Hansford,
FEMBA Director and Assistant
Dean. “The survey reflects that.”
Hansford adds that faculty and
Going Live with
a New Look:
FEMBA Website
Shows Personal
Side of School
FAC E S , S TO R I E S , A N D information. That’s the focus of the new
FEMBA website. “It’s our first point
of contact for potential students,”
says Jon Masciana, FEMBA’s
Director of Admissions.
“So it was important that
our website highlight our
key strengths, one of
which is the personalized
learning style of the
Merage program.”
With its focus on students, professors, staff and
their experiences, the
revamped site gives visitors a chance to
experience Merage in
MBA PROGRAMS
•
ways never before possible. A popular feature — unique among MBA
websites — is the new student blog
and a Facebook group for prospects,
where students can post thoughts,
experiences and ideas. The blog,
which is unedited, gives students
and potential students a chance to
see what the program is really like,
says Masciana. But it also serves
their needs. “The Millennial
Generation has grown up with this
technology, and they want real perspectives and the real story,” he says.
“The blog gives them the avenue to
do that.”
The FEMBA website redesign
follows the successful relaunch of the
Merage Full-Time MBA website.
Other Merage sites are scheduled to
be unveiled throughout 2009. Visit
the new FEMBA site at
merage.uci.edu/FullyEmployedMBA.
•
Hansford
Promoted to
Assistant Dean
has been promoted to Assistant Dean of the Fully
Employed MBA Program (FEMBA)
in recognition of the ongoing success of his efforts. The FEMBA
Program contributes significantly to
the School's mission and is a market
leader in the competitive southern
California Fully Employed MBA
marketplace. In addition to FEMBA’s
strong enrollments, in 2007 the
FEMBA Program Staff was ranked
#1 in responsiveness to Student
Concerns in the Educational
Benchmarking Survey among other
part-time MBA programs.
Prior to joining Merage in 2000,
Tony worked for several years in real
estate consulting. He was hired into
Merage as the Associate Director of
Admissions, moved up to Director
in 2003, and was promoted to
Executive Director in 2006.
Hansford attributes his success to
his outstanding FEMBA team members who collectively have done an
exemplary job in overseeing the
FEMBA program.
•
E M BA/H C E M BA
Moysychyn
Named Executive
Director of EMBA
and HCEMBA
TO N Y H A N S F O R D
has been
promoted to Executive Director of
the Executive MBA (EMBA) and
Health Care Executive MBA
(HCEMBA) programs at Merage
School.
Moysychyn joined the school in
2005 as Associate Director for the
HCEMBA program and obtained
her MBA from Merage a year later.
“The Merage School is delighted
to have Debbie’s experience and
skills,” notes Dean Andy Policano.
“Her three years of management
responsibilities with us and the
MBA she obtained here have given
her tremendous knowledge of our
programs.”
Prior to joining the Merage
School, Moysychyn was marketing
director for Project Tomorrow, a
non-profit organization in Anaheim
that enhances science education in
Orange County Schools.
D E B R A E . M OY S YC H Y N
31
Merage
|
2008 – 2009
FACULTY INSIGHTS
Faculty
Research
Faculty research is an important
part of the Merage School’s focus
on strategic innovation. Following
are summaries of 13 recent
papers by our faculty members
(names in bold) or co-written with
colleagues from other UC Irvine
departments or other universities.
Impact of SOX’s section
404 on corporate valuation
Working paper by Joanna Ho, Feng Tian (Merage student)
and Agnes Cheng (Louisiana State University)
S E C T I O N 4 0 4 O F T H E S AR BAN E S -OXL E Y AC T of 2002,
which requires registrants to file a “clean” internal control report or an adverse report that cites “material
weaknesses” (MW), has been criticized by the business
community due to its alleged high compliance costs.
Some companies said they would go private, due to the
compliance costs. Congress and the SEC are reexamining
SOX to see if a refinement or an overhaul is warranted.
We studied the reports and stock market returns of
2,835 firms from 1998 to 2005 and found that those
reporting “clean” internal
controls realized an average
Companies filing
of 10% market share gain
compared to those compamaterial weaknesses
nies reporting material
weaknesses.
reports still had a
Our report also found that:
“
32
Companies filing MW
reports still had a higher
market gain than their
cost of compliance.
higher market gain
than their cost of
compliance.
”
FACULTY INSIGHTS
The stock market has an increasing confidence in
accounting numbers as a result of Section 404.
Based on regression analysis results, we estimate
that the changes in market value due to Section 404
may be as high as $1 trillion.
The findings of our study will provide policy makers
more information about the benefits of Section 404 and
also help market participants make investment decisions.
iPod and notebook PCs:
Capturing value in a global
innovation network
By Kenneth Kraemer (Professor Emeritus), Jason
Dedrick and Greg Linden (All with UC Irvine’s Personal
Computing Industry Center)
I N N OVAT I O N I S N O LO N GE R carried out within individual countries, but often crosses national borders in the
form of global innovation networks. It is not clear how
the economic gains from global innovation are distributed among the firms and countries involved. These
gains can be measured various ways, including financial, value-added, jobs and wages, and trade flows.
Our product-level studies of the iPod and notebook
PC models from Lenovo and HP enable us to break out
the financial value embedded in innovative products and
clarify how they are distributed globally. The iPod represents radical innovation; the notebooks more
incremental innovation.
Since the electronics industry carefully guards its
product-level data, we examined industry analysts’
“teardown reports” to obtain the “value capture” or
gross profit of the lead firm and its major suppliers,
which measures the value that each company (excluding
direct workers) captures from its role in the value chain.
Apple’s gross profit on its video iPod introduced in
2005 was $80, or 36% of its $224 wholesale price. The
third generation iPod in 2003 had a gross profit of 40%
of its wholesale price. For notebooks, Lenovo’s Think
Pad T43 in 2005 had a 30% gross profit on its wholesale price of $1,257. HP’s nc6230 notebook realized a
28% profit on the $1,189 wholesale price.
Manufacturing firms in Japan, the United States,
Korea and Taiwan are the major supply partners for all
of these products. For the video iPod, Japanese,
Taiwanese and Korean suppliers captured 14.4% of the
gross margins, while U.S. suppliers captured only 3%.
On the HP notebook, U.S. suppliers grabbed 19% of the
margins, of which 18% went to Microsoft and Intel,
while Japanese, Korean and Taiwanese suppliers earned
10%. Although the iPods and notebook PCs are all
made in China, final assembly accounts for less than
2% of the value of
these products.
The difference
Although the iPods
between radical innovation (iPod) and
and notebook PCs
incremental innovaare all made in
tion (notebooks) is
seen most clearly at
China, final assembly
the company level.
The greatest value
accounts for less
for the iPod innovation is captured by
than 2% of the value
the brand-name sysof these products.
tem integrator,
Apple, which controls
the product architecture and found the right combination of hardware,
software and content distribution. For the mature-product notebook PCs, a much larger share is captured by
Microsoft and Intel, which control the architecture and
trajectory of software and hardware evolution.
– Prepared under a grant from the Alfred P. Sloan
Foundation
“
”
Leadership of young
entrepreneurial firms
By Christine M. Beckman and Diane Burton
(Massachusetts Institute of Technology)
of a new senior leader in a
company influence the turnover rates of successors? We
find that the first manager to hold a new job in a company establishes a “position imprint” which can make it
difficult for managers to follow. “Position imprints” are
expectations around a job that will be passed on to successors. Sometimes, those position imprints do not
match the written job requirements or the experiences
of successors, and herein lies the challenge.
According to our analysis of 1,400 executives in 169
high technology Silicon Valley firms, the initial managers
have a longevity advantage. We found that “position creators” (first to hold the job title) have a significantly
lower rate of turnover than their successors. This lower
turnover is not just the result of position creators being
H OW D O T H E E XP E R I E N C E S
33
Merage
|
2008 – 2009
FACULTY INSIGHTS
highly invested in the blossoming entrepreneurial venture.
Instead, it may also be that position creators mold their
jobs into a hybrid reflection of their talents, their preferred tasks and organizational needs.
Once the original leaders depart, the successors cycle
into jobs — titles notwithstanding — that may come
with atypical duties and expectations because of the
position imprints laid down
during the early days of the
Position creators firm. Turnover rates increase
when successors have different
mold their jobs
functional experiences and
expertise than position creinto a hybrid
ators. Rarely are historical
trends, such as position
reflection of
imprints, discussed when
their talents,
explaining executive turnover,
but we demonstrate this is a
their preferred
significant factor predicting
turnover.
tasks and
Our research demonstrates
the long-term consequences of
organizational
the early decisions new comneeds.
panies make when assigning
roles and allocating tasks.
While it may be convenient at first to have someone fill
a functional void in a new organization, even if that person has atypical experience, in the long run it may
prove challenging to find successors who can thrive in
the face of the unique position imprint that has become
so embedded in the minds of those in and around the
organization.
– American Sociological Review
in helping groups manage these tensions. We outline
key team leadership functions in helping groups manage these tensions to correct performance problems
including (1) promoting awareness about how to
process internal and external sources of feedback relative to team goals, (2) setting and maintaining clear
standards when goals are dynamic, and (3) motivating
group members to reduce the discrepancy between
goals and the current performance of the group. The
paper proposes several novel hypotheses.
– New Thinking About the Psychology of Leadership,
book co-edited by Behfar
Psychology of working teams
Mary Gilly, Hope Jensen Shau (Univ. of Arizona) and
Stephanie Dellande (Chapman Univ.)
“
”
Kristin Behfar and Randall Peterson
(London Business School)
G R O U P S O F T E N FAI L TO S U C C E S S F U L LY
the competing tensions
they experience, such as
efficiency vs. effectiveness, or tasks vs.
relationships. Relatively
little research has been
conducted on how groups
manage their natural tensions, and no attention
has been paid to the
potential role for leaders
34
regulate all of
“
Relatively little
research has been
conducted on how
groups manage
their natural
tensions.
”
Characteristics and effectiveness of teams
Cristina Gibson and Kristi Tyran (Western Washington
University)
W E E XAM I N E 5 7 BAN K B R AN C H teams to better understand the consequences of two levels of teams that are
not homogeneous: surface level (gender, ethnicity) and
deep level (collectivism, cultural values and tenure).
Prior to the study, it was commonly believed that teams
with less tenured members were effective, and those
with higher gender and collective values had higher
rankings. Our study produced two different results. The
relationship between collectivism and group efficiency
was positive. The relationship between ethnicity and
team reputation was negative.
– Group & Organization Management
Code switching (shifting between language
codes during an interaction) at retail firms
BUSINESS PRODUCTIVITY AND PROFIT can suffer when
employees and customers deviate from the service
“script.” Code switching can involve changing languages, dialects and brand names of products. Such
deviations result in encounters that take longer than
those “on script.” Employees at Starbucks, for example,
encounter brand code switching when customers ask
employees for a “large” instead of the “grande” employees are trained to use. As well, small service providers
must deal with the script of the industry giant, for
example, when a customer comes into In ‘N Out and
orders a Big Mac. Our study of a market leader and a
smaller firm found code switching 30% of the time at
fast-food outlets and 36% at coffee venues. Dialect
code-switching (using hip-hop or skater slang instead of
FACULTY INSIGHTS
standard English) was found to result in the longest
service encounters and the most fulfillment errors.
Managers, especially those at smaller service firms,
should provide employees more training in language
and brand codes and take care to use the script in ads
that show service encounters.
– Journal of Retailing
Connecting customers and employees
Mary Gilly and Mary Wolfinbarger (Long Beach State)
when the communications tools for management research and marketing
research are not integrated. Problems can be
Advertising, rarely defined too narrowly, terminology can be confusing,
used to reach
and wheels reinvented. This
employees, can be paper examines two communication tools: (1)
an effective way to Advertising, rarely used to
reach employees, can be
reach this target
an effective way to reach
this target market. (2)
market.
“Scripts” (training manuals) rarely consider what
employees learn from competing firms, such as when
they shop at a competitor’s store. Scripts must take
these experiences into account.
T RO U B L E S AR I S E F O R C O M PAN I E S
“
”
Globalization of innovation:
the PC industry
Kraemer and Dedrick
IN THE PERSONAL COM PUTING industry, Asian firms are
leaders in components such as displays, memory, batteries, motherboards and optical drives. Innovation in
software and systems integration has largely occurred in
the United States. However, slow adoption of broadband
and advanced mobile technologies has left the U.S. falling
behind in some new areas of innovation. The U.S. cannot
afford to remain behind in providing high quality, low cost
infrastructure to support user-led innovation and drive
demand for new technologies. Also, more people must be
trained for specialized engineering, software development
and management skills needed for innovation. To do so,
some of the most innovative U.S. firms are hiring more
rookies and developing their skills, instead of relying solely on experienced engineers, a strategy that has potential
for other U.S. firms.
– For the National Academy of Sciences,
STEP Project
Increasing public use of
government websites
Alladi Venkatesh and Michael Jensen (UC Irvine’s Center
for Research on Information Technology and
Organizations)
W E E XAM I N E D LO C AL government websites from 12
metropolitan areas across the country and found that
82% of site visitors look for information on government
services, 54% download government forms, 35% obtain
information on city council meetings, 34% process
transactions online and 33.3% email public officials.
However, only 10% engage in an online discussion, due
in large part to a lack of provision by government of
this service.
The Internet could foster greater political participation by (1) soliciting opinions on future issues, (2)
emphasizing human elements on the front page instead
of bricks and landmarks, and (3) adding discussion
boards for public input.
How changes in compensation plans affect
employee performance and recruiting
Joanna Ho, Anne Wu (National Chengchi University) and
Ling-Chu Lee (National Pingtung Institute of Commerce)
A C H AN GE F RO M C O M M I S S I O N -BAS E D programs to
base salary-plus commission hurts employee performance. A study of 4,392 employees of a Taiwanese car
company shows that high-performance employees are
more affected by the
new compensation plan
The base-salary plus
than are lower-performing workers. Even
commission program
threats of dismissal did
not improve productiviretained fewer higher
ty of the poorest
performers. The baseperforming sales
salary plus commission
persons and led to
program retained fewer
higher performing
the hiring of more
salespersons and led to
the hiring of more
lower-performing
lower-performing sales
employees. However,
sales employees.
“
”
Merage
|
35
2008 – 2009
FACULTY INSIGHTS
the decrease in individual productivity did not translate
into lower overall company performance, perhaps
because the company took other steps to mitigate the
losses caused by lower individual productivity.
– Contemporary Accounting Review
Cross-sales policies in
telephone service centers
Rick So and Reynold Byers (Arizona State University)
C RO S S -S E L L I N G I N T E L E P H O N E service centers is seen
by industry as a good way to generate profits. But if it
is poorly managed, customer service quality can suffer.
This paper demonstrates the optimal use of real-time
information including current system status (queuing
congestion) and customer profile (likelihood of purchase)
for maximizing the profitability of cross-sales opportunities in these centers without degrading the service quality.
Our results also provide useful insights on the underlying system and customer characteristics under which
the use of such real-time information is most beneficial.
– Manufacturing and Service Operations Management
Unpacking the concept of virtuality: the
effects of geographic dispersion, electronic
dependence, dynamic structure and
national diversity on team innovation
Gibson and Gibbs (2006)
— although teams
are often implemented by organizations to increase
W E E XAM I N E D A C U R I O U S PAR AD OX
innovation, they often hinder it. Part of the problem
may be that there is confusion as to just how to design
such teams. This paper unpacks four characteristics
often associated with new “virtual” team designs (geographic dispersion, electronic dependence, structural
dynamism and national diversity) and argues that they
hinder innovation through unique mechanisms, many of
which can be overcome by creating a psychologically
safe communication climate. Through this work we are
able to offer substantial implications for theory, and for
the practice of working and managing virtually to
increase innovation.
What results when firms implement practices: the differential relationship between
specific practices, firm financial performance, customer service, and quality
Gibson et al. (2008)
we examine an age-old debate through
fresh eyes and using a comprehensive data set of over
200 Fortune 1000 firms. Previous research on organizational practices is replete with contradictory evidence
regarding their effects. Here, we argue that these contradictory findings may have occurred because
researchers have often examined complex practice combinations, and have failed to investigate a broad variety
of firm-level outcomes. Results indicate that certain
practices are positively related to financial performance,
firm-level customer service, and firm-level quality. Our
findings offer guidance as to how to best target practices to increase specific work-related outcomes.
I N T H E ART I C L E
Research Fest
Launched
The first ever PhD Research
Fest, held in April 2008,
featured 21 Merage School
PhD students who enjoyed
the occasion to celebrate
and share their ideas with
the Merage School
community.
36
FACULTY INSIGHTS
Faculty Books
Merage faculty members share their knowledge and insights
through six recently published books.
PAUL J. FELDSTEIN
Professor of Health Care Economics and Public Policy
Health Policy Issues:
An Economic Perspective,
4th edition
Professor Feldstein presents more
than 100 pages of new and updated
information on his comprehensive
view of the economic forces that are
changing the nation’s healthcare
delivery system. The fourth edition has new chapters on:
The Internet’s effect on healthcare;
Behavioral differences between non-profit and
investor-owned hospitals;
How to design a Medicare prescription benefit;
Availability of cheaper drugs overseas.
Global Negotiation:
The New Rules
Graham and William Hernandez
Requejo propose that creative
approaches to business negotiations
and the diversity of international
teams and partnerships are the primary drivers of human progress in the 21st Century.
The authors describe 10 rules for the new century:
1. Accept only creative outcomes
2. Understand cultures, especially your own
3. Exploit as well as adjust to cultural differences
4. Gather intelligence and reconnoiter the terrain
5. Design the information flow and process of meetings
6. Invest in personal relationships
7. Persuade with questions
8. Make no concessions until the end
9. Use techniques of creativity
10. Continue creativity after negotiations
JOHN GRAHAM
Professor of Marketing and International Business
Doing Business in the New
Japan: Succeeding in
America’s Richest
International Market,
2nd edition
Professor Graham, James Hodgson
and Yoshihiro Sano have updated
their guide to thriving in Japan’s
business market by describing, among other things,
Japan’s new corporate strategy, a westernizing of its
legal system. The authors provide new case studies,
including negotiations among U.S. and Japanese auto
manufacturers and the recent lifting of Japan’s ban on
American beef.
This is the second installment of Graham’s trilogy on
succeeding in business abroad. The first installment
was China Now, described in the last issue of Merage
magazine. The third installment is described next.
Graham and Hernandez believe that American firms
must overcome long-practiced obstacles to the new rules
— a disdain of interdependence and a lack of cross-cultural skills and experience with foreign counterparts.
PHILIPPE JORION
Professor of Finance
Financial Risk Manager
Handbook, 4th edition
Professor Jorion has updated his
handbook that has become the official book for the financial risk
manager’s (FRM) examination by the
global Association of Risk
Professionals. Revisions include the latest FRM exam
topics and selected recent FRM questions, with detailed
explanations of answers.
The handbook provides in-depth coverage of market,
credit and operational risk management as well as
reporting and regulation.
37
Merage
|
2008 – 2009
FACULTY INSIGHTS
Four Merage
Professors Win
Academic Awards
RICHARD MCKENZIE
Professor of Economics
In Defense of Monopoly:
How Market Power Fosters
Creative Production
Professor McKenzie and Dwight R.
Lee of the University of Georgia
claim that conventional, static models exaggerate the harm done by
real-world monopolies, and show why
some degree of monopoly presence
is needed to improve human welfare over time. An economic system’s failure to efficiently allocate its resources,
the authors write, is actually a necessary precondition for
maximizing the economy’s long-term performance.
McKenzie and Lee demonstrate that creating goods
and services requires competition as well as the prospect
of gains beyond a normal competitive rate of return.
Why Popcorn Costs So
Much at the Movies and
Other Pricing Puzzles
(As featured on ABC-TVs Nightline)
Professor McKenzie finds that the
U.S. Supreme Court’s 1948
antitrust ruling laid the foundation
for costly movie popcorn and other
snack bar edibles. The ruling prohibited movie studios from owning theaters, which
forced theater owners to bid for films.
That allowed studios to take a bigger cut of the films’
revenues, leaving theater owners to make most of their
profits from concession sales.
Beyond popcorn, McKenzie takes a fun, but illuminating look at the hidden truths of marketing and some of
the pricing puzzles consumers face — Are we really
fooled by prices that end in 9? Why do new cars instantly lose so much value? If holiday clearance sales are
about excess inventory, shouldn't retailers hire better
buyers? And why do coffee shops offer free WiFi?
38
PROFESSOR CRISTINA GIBSON
received the 2008 Pedagogical
Innovation Award from the UC Irvine
Academic Senate Council. Professors
Thomas Eppel, Sherri Treasurywala and
Shuya Yin were also nominated for
excellence in teaching.
Gibson’s award was for her course on Global
Collaboration that is interactive and involves exercises,
case studies, projects and discussions. Students were
divided into teams representing universities based both
within and outside the United States.
SHUYA YIN, assistant professor of
operations and decision technologies,
was named Merage School honoree for
teaching Management Science and
Operations Management.
THOMAS EPPEL
AND SHERRI
TREASURYWALA
were named UC Irvine
Lecturers of the Year.
Eppel’s class, Business
and Management in the
World Today, focused on globalization and current
trends. Treasurywala developed two innovative elective
courses on the business of science and the business of
medicine for Merage’s undergraduate program.
FACULTY INSIGHTS
MAKING AN IMPACT
DAVID BLAKE, professor of strategic management
chairs the Ethical Business Leadership
Task Force of Beta Gamma Sigma, the
honor society for AACSB-accredited business programs. Blake and other task
force members are conducting interviews with executives of multinational,
mid-sized and small businesses. The
task force will develop print and electronic
media tools to promote ethical business practices.
Library of Congress, Smithsonian Institution and
Microsoft. The task force held its first meeting January
2008 in Washington, D.C., and will publish two reports
by late 2009.
DAVID HIRSHLEIFER, professor of finance
presented a keynote address on
“Psychological Bias as a Driver of
Financial Regulation” to the European
Financial Management Association’s
annual meeting in Vienna, Austria.
PHILIP BROMILEY,
professor of strategic management
co-authored a study and was quoted
in a New Yorker magazine article,
“Performance-Pay Perplexes.” The study
of hundreds of firms found companies
that paid most of their compensation in
stock options were far more subjected to
regulations forcing them to restate their
earnings.
CRISTINA GIBSON,
CONNIE PECHMANN, professor of marketing
joined a panel of experts in Bethesda,
Maryland, that addressed adolescents’
use and misuse of over-the-counter (OTC)
drugs. The panel, focusing on regulations
regarding the marketing of OTC drugs to
youths, was part of a workshop at the
National Institute of Health, sponsored by
the U.S. Food and Drug Administration.
professor of management and organization
chaired an April 2008 forum, “The Dark
Matter of Dialogue Breakdowns,” featuring a sneak preview of the film, “Dark
Matter,” starring Meryl Streep and Aiden
Quinn. Experts on trauma, anthropology,
minority relations and other subjects
discussed communications breakdowns
between minority students and college
administrators that were partly responsible for the mass
murder of four persons at Iowa University in 1991, the
topic of the film.
JUDY ROSENER,
professor emerita of economic and public policy
co-authored a cover story, “Wired to Win,”
in Pink, a national magazine for professional women. The article described the
link between brain and hormone research
and male-female differences at work and
how they affect organizational policies
and practices. Rosener is working with
Newton Margulies, associate dean of
executive education at the Merage School, to develop an
advanced management program for women.
VIJAY GURBAXANI,
professor of information technology
was named to the Blue Ribbon Task Force
on Sustainable Digital Preservation, an
international panel that will make recommendations on preservation and public
access to digital information for future
generations. The 17-member group
includes representatives from universities
in England and Scotland and from the
MARGARETHE WIERSEMA, professor of strategy
chaired an Academy of Management
symposium in Philadelphia on private
equity. Panelists discussed problems
created by the huge growth of nonequity-based fees by such companies
as Blackstone.
39
Merage
|
2008 – 2009
COLLABORATION
Centering
on
the
World:
Business Leaders and their Take on the Merage
School’s Centers of Excellence
Editor’s note: In each issue, we profile business leaders who recognize the Merage School itself as a key
business driver for innovation and growth. This edition focuses on members of the Dean’s Advisory
Board and champions of the Centers of Excellence, all innovative leaders in their fields.
B
usiness leaders who volunteer their time and
expertise to educational organizations see
their participation as a way to give back. But
to those who helped charter the Merage
School’s Centers of Excellence, there’s something more.
With upheaval occurring across the economy, the political landscape and indeed the world, many see the
Merage School Centers as catalysts for real change and
improvement. They see their roles as advisors, but also
as key players who can help solve problems and surmount challenges in industries from health care to real
estate, on local levels and across the global stage. And
they have pinpointed the Centers of Excellence as the
places where it will all get done.
But Feldstein, Afable and the others agree that the
Center is not just for the pundits. “One of the challenges
in health care is that everyone — from consumers to
providers — needs to be much better informed about
health care issues,” says Jeff Margolis, Chairman and
CEO of the TriZetto Group. “We see one of the Center’s
roles as a provider of accessible information.”
The Center is currently focused on issues such as
insurance coverage and third party payers and is examining innovative new approaches to heath care. Its
annual Health Care Forecast Conference draws national
policymakers and thought leaders to discuss trends and
look toward the future of health care.
Toward More Effective Health Care Delivery
Wealth Management: Building a Strong
Portfolio of Resources
“We see the Merage Center for Health Care Management
and Policy as a key change agent in policy and delivery,”
says Dr. Richard Afable, President and CEO of Hoag
Memorial Hospital Presbyterian in Newport Beach. “Its
record of innovation and discovery, its esteemed faculty,
and its ability to draw top policy experts poise the
Center to make a real impact on issues we’re interested
in, such as affordable health care delivery.”
Election year change notwithstanding, Afable is excited about the Center’s role in the year ahead. “We can
and will make a difference to improve quality of care for
patients throughout the country.”
Under the leadership of noted health care economics
scholar Professor Paul J. Feldstein (the Robert
Gumbiner Chair in Health Care Management) the Center
brings together the Merage School's key health care policy and education areas.
While health care reform continues to be a hot button
issue, another area identified by the Merage School as a
vital concern in the current
economy is the wealth manIt’s exciting to be
agement industry. And
business leaders once again
at the ground floor
are looking to the Merage
School to provide leadership.
of an opportunity
Jane Buchan, Founder and
to do something
CEO of Pacific Alternative
Asset Management Company
positive for the
(PAAMCO), recently partnered with the Merage
community.
School to solidify its position
as a research center for the
industry. Buchan is the Founding Sponsor of the School’s
Center for Investment and Wealth Management. She
40
“
”
COLLABORATION
describes the Center as a “timely resource for today
and for future generations.”
The Center is expected to engage the industry with
innovative research and student resources. “We’re in the
heart of the market in Orange County,” she says. “No
matter how many years of experience you have, no matter how many accolades you’ve received, it’s still exciting
to be at the ground floor of an opportunity to do something positive for the community. We’re looking forward
to the future of the Center and all that it can offer.”
Richard Afable
of Orange County’s largest independent hospital, Dr. Afable
leads a team of more than 4000 employees and 1000 medical staff. Under his leadership, the National Research Corporation has endorsed the 511-bed facility as Orange
County's most preferred hospital based on overall quality of health care services and
places Hoag in the top five percent of hospitals nationwide.
Dr. Afable has also served as Executive Vice President and Chief Medical Officer at
Catholic Health East, an east coast health system comprising 31 acute care hospitals
and 47 long-term care facilities. Early in his career, Dr. Afable spent ten years in private
practice in Chicago, specializing in internal medicine and geriatrics.
He received his Bachelor of Science degree from Loyola University in Chicago and an
MD from the Loyola Stritch School of Medicine. He obtained his MPH degree from the
University of Illinois School of Public Health and a certificate in business administration
from Villanova University.
AS P R E S I D E N T AN D C E O
Jane Buchan
and one of the four original founders of Pacific Alternative
Asset Management Company (PAAMCO), a leading independent hedge funds investment firm dedicated to offering strategic alternative investment solutions for
sophisticated investors. Clients include large public and private pension plans, foundations, endowments and financial institutions. Headquartered in Irvine, California, with
an office in London, the firm currently manages in excess of $7 billion.
Ms. Buchan’s 18 years of experience in investment management and portfolio construction includes positions ranging from Director of Quantitative Analysis to CIO of
non-directional strategies at Collin Associates. She received her undergraduate degree
in Economics from Yale University and her Masters and PhD in Business Economics
(Finance) from Harvard University. Ms. Buchan is the author of numerous professional
publications.
JAN E BU C H AN I S T H E C E O
Jeff Margolis
W I T H N E AR LY T W O D E C AD E S of experience in health care technology, Jeff Margolis is
the founder and CEO of The TriZetto Group, Inc. Recently named an “up and comer”
by Modern Healthcare magazine, he is the former chairman of the Managed Care
Executive Group. In 2002, he was named Ernst & Young's Technology Entrepreneur of
the Year for Orange County, California.
The TriZetto Group, Inc. focuses on the business of healthcare and offers a broad
portfolio of technology products and services, including Facets®, QicLink™, ClaimFacts®
and GroupFacts® systems. TriZetto's customers serve more than 100 million health
plan members, or approximately 40 percent of the insured population of the United
States.
A certified public accountant, Margolis holds certificates in Colorado and Illinois. He
received his Bachelor’s Degree with high honors in business administration/management
information systems from the University of Illinois.
41
Merage
|
2008 – 2009
COLLABORATION
Beall Center’s
Innovation
Knowledgebase
Gives Answers
to Grow On
By Anne Warde
To get the right answer, it is first necessary to ask the
right question. But what if you don’t know what question to ask?
The Merage School’s Don Beall Center for Innovation
and Entrepreneurship has created a new web-based
resource called the Innovation Knowledgebase for executives seeking to formulate the right questions, and
ultimately find the right answers, as to how their organizations can sustain competitive advantage through
continuous business innovation.
“
The Innovation Knowledgebase is
designed as a convenient tool to
assist business leaders gain
knowledge, share opinions and
develop insight into the challenges
of creating an innovation culture
and effectively harvesting the
results.
”
Focused on serving the needs of C-level executives,
the Innovation Knowledgebase is a collection of the
most influential, “best of breed” articles, opinions and
academic research available on the subject of corporate
innovation, pre-selected and reviewed by a team of
Merage School PhD candidates under the leadership of
42
Dr. Christine Beckman. The objective of the Innovation
Knowledgebase is to create a single location on the web
where the best thinking from around the world in the area
of corporate innovation can be easily searched and read.
“The Innovation Knowledgebase is designed as a convenient tool to assist business leaders gain knowledge,
share opinions and develop insight into the challenges
of creating an innovation culture and effectively harvesting the results,” noted Andy Policano, Dean of the
Merage School. “Through the generosity of the Beall
Family, we were given the means to build a resource
that will significantly support the School’s thematic
approach of sustained growth through strategic innovation. Our vision is to become the world’s first and best
source on innovation-related articles and research.”
The Innovation Knowledgebase also features a blog
component managed by Beall Center Advisory Board
member Mike Mata where individuals interested in the
subject of corporate innovation are invited to share their
perspectives on innovation and related issues. To help
build the content of the Innovation Knowledgebase, the
Don Beall Center for Innovation and Entrepreneurship is
recruiting interested volunteers with domain expertise in
specific industry or business area disciplines to recommend content on a regular basis to Dr. Beckman’s
Innovation Knowledgebase team. Interested parties should
contact Lynda Lawrence by clicking on the “Contribute
Ideas” link on the Innovation Knowledgebase site.
Located on the Don Beall Center for Innovation and
Entrepreneurship website at merage.uci.edu/go/innovation,
the Innovation Knowledgebase is organized both by
topic and by industry and also can be searched by keyword or subject.
COLLABORATION
Center News
the county and the nation — assist
all teams that qualify for the semifinals.
Beyond the cash prizes, teams
compete for visibility to nationwide
venture capital groups, and all are
featured in the People’s Choice Poll
that resulted in 50,000 page views
per day last year.
UC Irvine’s
Business Plan
Competition Sets
Record
Team “Artibody” – Nanoparticles
used for protein purification
Team “I’m Too Young For This” –
Cancer support for young adults
Team “Presto Wireless” – Ultra
high speed wireless connectivity
T H E PAU L M E R AG E S C H O O L O F
B U S I N E S S at UC Irvine set a record
“Team Element” – Mass customization of pharmaceutical
skin creams
Team “Greenbuilt Homes” –
Construction of environmentally
conscious communities
with more than 50 entries to its
2008 Stradling Yocca Carlson &
Rauth Business Plan Competition.
The annual competition is conducted by the Don Beall Center for
Innovation and Entrepreneurship
with support from one of Orange
County’s premier law firms,
Stradling Yocca Carlson & Rauth,
and Masimo, the global medical
technology company.
Videotaped presentations aired on
YouTube as well as the Merage
School website and allowed community members and students alike to
judge the plans in partnership with
The Orange County Register’s
People’s Choice Poll.
The Merage School is particularly
proud of the quality of the business
ideas with which students compete.
Eighteen semi-finalists covered a
broad range of the business spectrum from high tech to consumer
goods to health care, including these
exciting ventures:
The competition is one of the
nation's premier business plan competitions, offering all UC Irvine
students, staff and researchers the
opportunity to form a team, create a
business plan and potentially fund
their business idea, all within five
months.
The final presentations and
awards ceremony with $30,000 in
cash prizes was conducted on May
16th, 2008. The next competition
kick-off is scheduled on November
19, 2008. The final presentations
and prices will be awarded on April
30, 2009.
Workshops are offered covering a
broad area of business plan development skills led by practitioners from
Orange County. Individual team
coaches — leading entrepreneurs in
Merage Taps
Real Estate
Professional as
Associate Director
of Center
S H A RO N N A K A M U R A - B ROW N
understands entrepreneurs. As the
co-founder of RENTV.COM, an
online commercial real estate firm,
she also knows the real estate market
— a distinct advantage as she leads
day-to-day operations at the Merage
School’s Center for Real Estate.
Nakamura-Brown most recently
served as Director of Development
and Outreach at UCLA’s Richard S.
Ziman Center for Real Estate. She
has also served as Vice President of
Business Development for KennedyWilson International, a commercial
investments firm.
“Merage’s Center for Real Estate is
delighted to have someone with
Sharon’s experience in the university
43
Merage
|
2008 – 2009
COLLABORATION
Center News
and corporate world join us at UC
Irvine,” says Kerry Vandell,
Academic Director of the Center for
Real Estate and a professor of
finance at the Merage School. “Her
role will be vital as the Center for
Real Estate moves forward to build a
world-class facility for the study of
real estate-related issues and trends,
and to reach out to the real estate
professional community and the
public at large.”
2008 Real
Estate Gala &
Presentation of
the Lifetime
Achievement
Award
Real Estate Gala and
the presentation of the Lifetime
Achievement Award took place on
November 10, 2008, at the Hyatt
Regency Irvine.
THE 2008
KEYNOTE SPEAKER:
Nelson Rising
President & CEO
Maguire Properties
LIFETIME ACHIEVEMENT
AWARD HONOREES:
Phil Belling & Steve Layton
Principals & Co-Founders
LBA Realty
RISING STAR AWARD
HONOREES:
Derek Chen, Jerome Fink &
David Kim
Co-Founders
The Bascom Group
Visit our website for updates:
merage.uci.edu/go/CRE
44
Key Analyst
Reviews
Healthcare
Conference
A S L E A D I N G N AT I O N A L health
care policy makers descend on the
Merage School each year for the
annual Health Care Forecast
Conference, at least one key analyst
praises the conference as “informative and extremely well-organized.”
“The views of these health care
insiders are typically quite accurate,
especially with respect to
Congressional action (or lack thereof ) and Medicare regulatory issues as
they should be. They are the people
who actively participate in making
health care reimbursement policy,”
notes Sheryl R. Skolnick, PhD,
Senior Vice President and
Healthcare Services Analyst for CRT
Capital Group, LLC.
Drawing speakers and panelists
from Capitol Hill, federal agencies,
lobbying organizations and think
tanks, the conference also brings
together representatives from several
of California’s health care regulatory
agencies.
Skolnick says the conference
focused on health care policy issues
with respect to the current presidential and congressional election year,
but also offered the Wall Street perspective on the strategic outlook for
health care.
The 19th annual conference is
slated for February 19-20, 2009, and
will feature a similarly renowned
group of experts.
Center Attracts
36 Industry
Leaders as
Charter Members
R E G I O N A L A N D N AT I O N A L
leaders in the field of wealth management have signed on as Charter
Members of the Merage School’s
“
Each of these Charter
Members is critical to
the success of this
unique Center.
”
COLLABORATION
Center for Investment and Wealth
Management, pledging nearly $2
million to help launch the Center’s
activities.
To date, 36 Charter Members
have signed on. “The Center is fortunate to have received an excellent
response from the professional community,” says Mitchell Spann, Senior
Director of Development for the
Merage School. “Each of these
Charter Members is critical to the
success of this unique Center.”
Spann reports that the Center also
has the advantage of an innovative,
highly skilled faculty comprising a
blend of Merage faculty members,
affiliated faculty from elsewhere on
the UC Irvine and other campuses,
and adjunct faculty members from
the wealth management professional
community.
The Center for Investment and
Wealth Management is fast becoming known as the hub for research,
study, and discussion of current critical issues facing the investment and
wealth management industries.
The Center for Investment and Wealth Management
Charter Members:
FOUNDING SPONSOR
PAAMCO
F O U N D I N G D I R E C TO R S
Frank Kavanaugh
Schwab Institutional
Mont Pelerin Capital
Exiting Your Business
Options in Today’s Economy
Discuss Real World Experiences with Current
and Former Business Owners
FOUNDING FRIENDS
BNY Mellon Wealth Management
Metropolitan West Capital
FOUNDING MEMBERS
Pamela M. Adams, CFP
Beacon Pointe Advisors
Brown and Streza
Professor Nai-Fu Chen
Canterbury Consulting
Capital Research Company
CBIZ
City National Bank
Comerica Bank
Cymric Family Offices
D&M Capital Management
Falcon Investment Management
Ferruzzo & Ferruzzo
Fidelity Investments
GR Capital Management
Hollencrest Capital Management
Keller Investments
Knightsbridge Asset Management
Matters at Hand
Merrill Lynch
The Waltos Group of
Northwestern Mutual
Payden & Rygel
Select Portfolio Management
Sweek Connolly & Company
TRC/The Roberson Company
Irving R Katz & Assoc
Union Bank of CA
Wachovia Securities
Wealth Management Network
Wood Gutmann & Bogart
Changes in Business Valuation in Today's
Marketplace
Taxation, Tactics & Teams
Succession Strategies & How to Avoid
the Pitfalls
Steps You Must Know to Lead Your
Business to a Successful Exit
D AT E & T I M E
Thursday, March 19, 2009
4:00 pm – 7:45 pm
Includes reception
Saturday, March 21, 2009
8:30 am – 2:15 pm
Includes light breakfast and luncheon
merage.uci.edu/go/EducationalSeries
45
Merage
|
2008 – 2009
COLLABORATION
Thank you!
A hearty “thank you” from the faculty, staff and students of The Paul Merage School of Business to our many supporters and donors! The community and business leaders listed below have helped to launch the School’s Centers
of Excellence and other important initiatives, and have devoted energy, talent and wisdom to the Merage School.
As always, a special thanks to Paul and Lilly Merage for their tremendous and tireless efforts on our behalf.
Dean’s Advisory Board
Ed Fuller, Chair – Marriott
International Lodging
David Murphy, Vice Chair – Barrie
D’Rozario Murphy
Pam Adams – Wachovia
Securities, LLC
Richard Afable – Hoag Memorial
Hospital Presbyterian
Mike Aghajanian – PRTM
Bob Anderson – Health Savings
Technology
Craig Barbarosh – Pillsbury
Winthrop Shaw Pittman
Shankar Basu – Toyota Materials
Handling
Don Beall – Dartbrook Partners
Anne Belec – Ford Motor
Company
John Belli – Ernst & Young
Eric Boden – HireRight
Jane Buchan – Pacific Alternative
Asset Management Co.
Chris Callero – Experian Americas
Joel Calvo – Calvo Capital, Inc
John Carrington – WEBSENSE, Inc.
James Caudill – Black & Decker
Bruce Chapman – Experian
Americas
Victoria Collins – The Keller Group
Michael Davis – Deutsche Bank
National Trust Company
Corporate Partners
Accenture
Advanced Medical Optics, Inc.
Beckman Coulter, Inc.
Boeing Company
Dartbrook Partners
Emulex Corporation
46
Dwight Decker – Conexant
Tommy Dodson – Rockwell Collins
Rick Dutta – Nexvisionix
Larry Emond – The Gallup
Organization
John Evans – Wells Fargo – Private
Client Services
Thomas Gephart – Ventana
Rick Gilchrist – The Irvine
Company
Michael Gottlieb – Ernst & Young
Bill Halford – Bixby Land
Company
Cynthia Harriss
Julie Hill (Chair Emeritus) –
WellPoint, The Lord Abbett
Mutual Funds, Lend Lease
Jeanne Jackson – MSP Capital
Camille Jayne – Matters at Hand
Alan Kaye – Mattel, Inc.
Rick Keller – The Keller Group
Parker Kennedy – The First
American Corporation
Darcy Kopcho – Capital Research
and Management
Knute Kurtz –
PricewaterhouseCoopers
Greg Lai – Morgan Stanley
Marc Levin – Levin Capital
Management
Robert Lewis – McKinsey &
Company
Robert Lucenti – Deloitte
Stephen Marlow – Toshiba
America Electronic Components
Chuck Martin (Chair Emeritus) –
Mont Pelerin Capital
James Mazzo – Advanced Medical
Optics
James Mellor – USEC, Inc.
Paul Merage (Chair Emeritus) –
Falcon Investment Management
Mark Moehlman – Wealth
Management Network
Ned Olivier – Oxford Bioscience
Partners
Jim O'Sullivan – Mazda North
American Operations
John Palmer – Verizon Wireless
John Parker – Parker Properties
Sue Parks – WalkStyles, Inc.
Bill Pesch – McBride Electric, Inc.
Andy Policano – The Paul Merage
School of Business
David Pyott – Allergan, Inc.
John Rehfeld – Local.com
Richard Reisman – Orange County
Business Journal
David Schramm – Maxwell
Technologies
Alan Sellers – SAIL Venture
Partners
Ariela Shani – Neiman Marcus
Peter Shea – J.F. Shea Co., Inc.
Richard Shields – Oakley, Inc.
Ron Simon – RSI Holding
Corporation
Patricia Soldano – Cymric Family
Office Services
Greg Spierkel – Ingram Micro,
Inc.
Ariela Tannenbaum – Allianz
Global Investors
Ed Thomas – Wet Seal, Inc.
Gary Toyama – The Boeing
Company
Peter Ueberroth – The Contrarian
Group, Inc.
Tom Wagner – Taco Bell - YUM!
Brands, Inc.
Bob Waltos – The Waltos Group
Dean Yoost –
Bill Ellermeyer, Emeritus – The
Ellermeyer Company
Bill Ficker, Emeritus – The Ficker
Group
Dennis Sweeney, Emeritus –
Newport Consulting Partners
Gallup Consulting, Inc.
IBM Corporation
HireRight
Jones Day
Kingston Technology Company, Inc.
Mazda North America Operations
Neudesic
PricewaterhouseCoopers, LLP
Rauxa Direct
Rohl, LLC
Steelhead Brewery Co.
Taco Bell Corporation
The Precept Group
The Wet Seal, Inc.
Toshiba America Electronic
Components, Inc.
Toyota Materials Handling U.S.A.
Union Bank of California
Wells Fargo Bank
COLLABORATION
Center for Real Estate
Larry Armstrong – Ware Malcomb
Ken Beall – The Beall Family
Foundation
Eric Bergstrom – Bergstrom
Capital Advisors
Brandon Birtcher – Birtcher
Development & Investments
Robert Brunswick – Buchanan
Street Partners
The Robert M. Campbell Family –
CT Realty
Larry Casey – Donahue Schriber
Realty Group
Paul Cate – Mark IV Capital
CB Richard Ellis
Celina Doka – KPMG
Downey Savings
Ranney Draper – The Draper
Family Foundation
Steve Elieff – SunCal Companies
Rodney F. Emery – Steadfast
Properties & Development Co.
Ernst & Young
First American Title Company
Walter Frome
John Garrett – Garrett DeFrenza
Stiepel
Larry Gates & Warren Williams –
Silver Oak Development
James Gianulias
Stephen Gordon & David DePillo –
Commercial Capital Bancorp
Green Street Advisors
Emile & Dina Haddad
John Hagestad – The Hagestad
Family Foundation
William Halford – Bixby Land
Company
Robert M. Hamilton & Gary S.
McKitterick – Allen Matkins
Bobby Hatfield – Fidelity National
Title Company
Julie Hill – The Hill Company
Barry Hoeven – Westport
Properties
Doug Holte – Hines
Mark C. Kehke – Sierra Pacific
Enterprises
David Kim – The Bascom Group
Peter K. & Valerie J. Kompaniez
LBA Realty
Lennar Homes
LNR Property Corporation
John Lutzius & Alison Cohen
Bill & Romy McFarland
McLarand Vasquez Emsiek &
Partners
Douglas G. Meece – Merrill Lynch
Greg Merage – Stoneridge Capital
Partners
Meritage Homes
Michael L. Meyer – AMG Realty
Investors
Tony & Anne Marie Moiso –
Rancho Mission Viejo
Jay Moss – KB Home
John Murphy – Luce Forward
Hamilton & Scripps
NAIOP SoCal
Douglas Dwyer O’Donnell – The
O’Donnell Group
John Parker & Kevin McKenzie –
Parker Properties
Gerald Pharris – Pharris
Properties
Tony Premer – Pacific Life
Christine Scheuneman – Pillsbury
Winthrop Shaw Pittman
Royce Sharf – Studley
Peter O. Shea – J.F. Shea
John Simonis – Paul, Hastings,
Janofsky & Walker
Tim Strader – Starpointe Ventures
Ray Watson
Don Beall Center for Innovation and Entrepreneurship
Dick Allen – DIMA Ventures
Allen Anderson – Experian
Mark Averitt – Okapi Venture
Capital
Chris Baclawski – CB Capital
Don Beall – Beall Family Trust
Bob Bova – Vangard Voice
Systems
John Brandt – ThyssenKrupp
Elevator
Joel Calvo – Calvo Capital
Ray Cohen – Cardiac Science, Inc.
John Creelman – ID Analytics, Inc.
Joe Davis – Triton Pacific Capital
Partners
Bruce Feuchter – Stradling Yocca
Carlson & Rauth
Neel Grover – buy.com
Bruce Hallett – Miramar Venture
Partners
James Houlihan – InnoCal
Robert Hovee – RAH Consulting
Group
Larry Jordan – Tech Coast Angels
Michael Kaye – Clearlight Partners
Marc Levin – Levin Capital
Management
Mike Mata – SCORE, Orange
County
Vince McGuinness – Financial
Services
Sid Mohasseb – Tech Coast
Angels
Sue Parks – WalkStyles, Inc.
David Pyott – Allergan, Inc.
Safi Qureshey – Skyline Capital
Partners
Ken Rohl – Rohl LLC
Stanton Rowe – Advanced
Technologies, Edwards
Lifesciences
Alan Sellers – SAIL Venture
Partners
Luis Villalobos – Tech Coast
Angels
Jeffrey H. Margolis – The TriZetto
Group
Murray N. Ross, PhD – Kaiser
Permanente Inst for Health
Policy
Maribeth Shannon – California
HealthCare Foundation
David L. Steffy
Paul S. Viviano – Alliance Imaging
Maureen L. Zehntner – UCI
Medical Center
Center for Health Care Management and Policy
Richard F. Afable, MD, MPH –
Hoag Hospital
Jay J. Cohen, MD, MBA – Monarch
HealthCare
Markie Cowley – Mission Hospital
Regional Medical Center
Chris De Rosa – CIGNA Health
Care of California
47
Merage
|
2008 – 2009
COLLABORATION
Dean’s Leadership Circle
THE PREMIER MERAGE NETWORK
Your Network for Success
By John Gregory
T
he 350 members of the Dean’s Leadership
Circle (DLC) reached a milestone in May 2008
with $1 million raised since the DLC was
formed three years ago. Of that amount,
$450,000 was raised in just the past year.
During the first two years, the DLC raised money to
renovate a classroom which was dedicated in September
2008 as The Dean’s Leadership Circle Classroom. A
plaque mounted inside the classroom honors the 220
DLC members who contributed to the campaign.
The DLC is now in the midst of a $1.2 million campaign to endow a professorship at the School. Funds
will be instrumental in recruiting and retaining a highlyregarded faculty member. The $450,000 raised last
academic year for the professorship campaign “represent a fantastic start,” says Dean Andy Policano.
Lead donor gifts for the campaign have been made so
far by Greg Lai (‘88), Thomas Antunez (‘05), Jacquie
Warren, Lisa and Mark Locklear (both ‘84), Paula
Milano (‘80 and past chair of the DLC), Pam Adams
(‘98), and David Young (‘91).
The DLC enjoyed many successful events last academic
year, and many more events are planned for this year:
Sneak Peek of Renaissance Sport Club – July 2008
DLC Classroom Dedication – September 2008
Annual “Fall Insider’s View” – October 2008
VIP Receptions in conjunction with the annual
Distinguished Speaker Series – November 2008
through May 2009
Annual Holiday Celebration hosted by Neiman Marcus
– December 2008
Annual reception with the Dean’s Advisory Board –
May 2009
Membership can make the difference.
The Dean’s Leadership Circle is the premier support
group of The Paul Merage School of Business. This
high-powered network is made up of successful alumni,
business leaders, faculty, staff, and friends of UC Irvine
and the Merage School. Members receive many benefits
and are kept up-to-date through exclusive events and
communications and are also given the opportunity to
share their thoughts and recommendations with the
Dean, faculty, and administration.
Membership Levels
Innovator
$5,000
Investor
$2,500
Member
$1,500
Shareholder
For further information, contact Director Sandra Findly
at 949.824.8865 or visit merage.uci.edu/go/DLC.
In Appreciation: 2007-2008 Members
LEAD DONORS
Greg Lai ‘88, Morgan Stanley
– Campaign Leader
Pamela Adams ‘98,
Wachovia Securities
Thomas Antunez ‘05,
Percentix
Mark Locklear ‘84 & Lisa
Locklear ‘84, Ingram Micro
Paula Milano ‘80 & Eric
Nielsen, Idhasoft Company
Jacquie Warren, Irvine
Chamber of Commerce
David Young ‘91, PIMCO
48
INNOVATOR MEMBERS
Geoffrey Bremmer ‘05,
Hanson’s Beverage
Tracy Bremmer ‘05, Experian
Professor Nai-Fu Chen,
The Paul Merage School of
Business
Johnson Chuang ‘05,
AIPTEK, Inc.
Greg Herder ‘05,
Herder Advertising
Jesus Mantas, IBM
Kristen Monson ‘96, PIMCO
Dr. Ram Mudiyam, MD, ‘05
(for current
graduating class only)
Gifts & pledges received 7/1/07 – 6/30/08
Dean Andy & Pamela Z.
Policano, The Paul Merage
School of Business
Rick W. Rayson,
Deloitte & Touche
Bill Rowland ‘06,
Walt Disney Co.
Gary Toyama ‘78, Boeing
John Waldeck ‘01, Pacific Life
Insurance Company
INVESTOR MEMBERS
Michael Aghajanian, ‘88,
Pittiglio Rabin Todd & McGrath
Len Ambrosini, ‘02,
Rosemount Analytical
Dawn Beattie, ‘92,
Qualcomm
Katie Bianchi, ‘96,
Marriott International
Edwin D. Fuller, Marriott
Lodging International
Tiffiny Vandom Karem ‘03,
Discus Dental
John Karem, ‘02, Phillips
Distilling Company
Michelle (Milne) Koontz, ‘03,
Fluor Corporation
COLLABORATION
Kristen M. Maher, ‘98,
Maher & Associates
Johnny Mosham,
Lett-uce Cater To You
Carl Neisser,
The Neisser Company
Jeff Pratt, ‘99,
SpeedTrack, Inc.
Stephen Rodriguez, ‘98,
Kingston Technology Co.
Scott M. Ryder, Jr., ‘00,
RSM EquiCo Capital Markets
Kathleen Suler, ‘98,
Allergan Pharmaceuticals
Ariela Tannenbaum, ‘95,
Allianz Global Investors of
America
Jay Witzling, ‘79, Boeing
Kevin C. Yang, ‘06,
EADS North America
Timothy C. Zevnik, ‘93,
Molina Health Care, Inc.
MEMBERS
Laine Ainsworth, Wealth
Management Network, LLC
Marco Baltero, ‘07,
Medtronic, Inc.
Wolfgang Beez, ‘01,
George Fischer Signet, Inc.
Martin Brown, ‘98,
Power Brands
Michael A. Cancelleri, ‘05,
Mont Pelerin Capital, LLC
Christen Chambers, ‘05,
Erik Charles, ‘03,
MindFire, Inc.
Eugene Choi, ‘01,
United Exchange Corp.
Tosha Clements-Woolforde,
‘04, Toyota Motor Sales, Inc.
Leslie Daff, ‘89,
Estate Plan, Inc.
Sanjay Dalal,
Innovation Index Group
Pravin Datar, ‘02,
SAP America, Inc.
Al DeGrassi, ‘79,
Alliance Bank
Brendan Donohue, ‘03,
HealthSource
James Elliot, ‘00,
City of Carlsbad
Steven Fichtelberg, ‘93,
DLC, Inc.
Judith Gass, ‘00,
GE Money-Care Credit
Sophie Ghafari, ‘03,
UCI Medical Center
John Gibson, ‘01,
Gibson Law Group
Michael Gillman, MD, ‘08
Cynthia Green, ‘05, Smith
Hanley Consulting Group
Professor Vijay Gurbaxani,
Business
Sylvia K. Haas, The Paul
Merage School of Business
David J. Hackett, ‘97,
Stillwater Associates
Tony Hansford, ‘98, The Paul
Robert Herin, ‘89,
Drake Management LLC
David Jones ‘93,
Select Portfolio Management
Timothy J. Kay,
Snell & Wilmer, LLP
Professor Robin Keller,
Business
Christopher Kelly, ‘98,
RSI Home Products, Inc.
James Largent, ‘77,
World AM Inc.
Debbie Lewis, The Paul
Timothy Leyden, ‘92,
Western Digital
Mark Lush ‘92,
Deloitte & Touche
Elizabeth Mahoney, ‘98,
Metrolink
Michael Massari , ‘07,
Harrah’s Entertainment
Kristen McAlister, ‘03,
Don McKinley, ‘01,
Maersk Logistics
Benjamin Medvitz, ‘06,
IntheAir Net, LLC
Richard Milo, ‘96,
Deloitte & Touche
Mark L. Moehlman, Wealth
Management Network, LLC
Debra Moysychyn, ‘06,
Business
Gus Ordonez, ‘05, Plastek, LLC
Anthony Padilla, ‘87,
IMPAC Financial Services
Jim Pavelko,
The Paul Merage
School of Business
Professor Jone Pearce,
The Paul Merage School
of Business
Archana Penukonda, ‘04, BDNA
Mark Pero, ‘98, Logicalis
David Perrott, ‘03, Salinas
Valley Memorial Healthcare
Systems
Professor Morton and Mary
Pincus, The Paul Merage
School of Business
Lyman and Meredith Porter,
The Paul Merage School
of Business
Greg Queen, ‘03,
Brasstech, Inc.
Steve Richards, ‘93,
Pinnacle Consulting Services
Jessica Riester, ‘01,
FlexWork Connection
Professor Judy B. Rosener,
Business
Roston Family
Nira Kozak Roston
Daniel Roston, ‘89
Stacey Halpern
Diane Sagey, ‘99, The Paul
Arnold Savage, MD, ‘03,
Western Healthcare Medical
Group
Eileen Seibert, MD,
Kaiser Permanente
Kane Shieh, ‘05,
Countrywide Securities
Craig Shugert, ‘93,
GoodSource Solutions
Vitas Sipelis, ‘05,
Cardiogenesis Corporation
Mitchell & Maureen Spann,
Business
Philip Topham, LNX Research
Kyle van Hoften, ‘97,
Global CTI
Professor Kerry Vandell,
Business
Thomas Wagner, ‘89,
Taco Bell/YUM Corporation
Renee West, ‘90,
Prudential California
Darren Whissen,
‘02, Select Portfolio
Management
Chris Zumberge, ‘82,
US Bank
SHAREHOLDER MEMBERS
Edward Abad, ‘07,
Northrop Grumman
Azhar Alavi, ‘07, IMS Health
Yuliya Barbasheva, ‘06, Toshiba
Eve Barker, ‘06,
Barker Consulting
Yvonne Bean, ‘08,
Helms Briscoe
Gretchen Bender, ‘08,
Comerica Bank
Scott Bennett, ‘06,
Rosemount Analytical
Adam Bondy, ‘08
Iveta Brigis, ‘07, Google
Tim Cannon, ‘07, Avanade
Amanthi Chandraratna, ‘08,
Verizon Wireless
Erik Chantarapan, ‘08,
Quantum
Darwin Chen, ‘07,
Kingston Technology
Dennis Chen, ‘06,
Kingston Technology
Violet (Yan) Chen, ‘07,
Falken Tire Corporation
Doris Chu, ‘08,
Northrop Grumman
David Chung, ‘07,
New York Life
Richard Cimino, ‘08, Boeing
Casey Cochran, ‘06
Liana Constantinescu, ‘06,
Silverado Senior Living
Paulo Correa, ‘08, Thales
Marc Crudgington, ‘08,
Advantage Sales & Marketing
Deborah Cooper, ‘07,
Beckman Coulter, Inc.
Canaan Crouch, ‘08, AIG
Environmental
Cuong Dang, ‘08, Boeing
Frank de la Bretoniere, ‘07,
Long Beach Memorial Medical
Center
49
Merage
|
2008 – 2009
COLLABORATION
Jonathan Danao, ‘08,
Web Visible
Francois Delestre, ‘08, Thales
Adam Diep, ‘07,
Media One Direct
Jivko Donev, ‘06, Hilti
Jacqueline Dresow, ‘08,
Experian
Stephanie Dudley, ‘08,
Manatt, Phelps and Philips
Brent Eickhoff, ‘06,
NeuroComp Systems, Inc.
Chris Elgaaen, ‘06, IBM
Bernardo Garcia, ‘07,
Technical USA, Inc.
Sepideh Gazeri, ‘06,
Brian A. Gibbs, ‘06,
Edwards Lifesciences LLC
Jason Green, ‘08,
Schools First FCU
Rajesh Gupta, ‘09,
American Suzuki
Huzefa Hakim, ‘08, IBM
Alex Hammerschmidt, ‘08,
House Ear Institute
Rob Henderson, ‘07,
Advanced Pacific Tank
Eric Henrickson, ‘07,
WAMU Investments, Inc.
Ken Hsu, ‘07, Kotek America
Valentina Huang, ‘08,
TeeTop of California
Ryan Huff, ‘08,
Junction Solutions
Helena Hwang, ‘07,
EM Syndication
Ken Hwang, ‘07,
Mobophiles, Inc.
Suhail Imtiaz, ‘08,
American Home Mortgage
Servicing Inc.
50
Antoine Janicot, ‘06, Vinci
Linda Jenkins, ‘08
Brad Johnson, ‘06,
Ryan Kaneshiro, ‘07, Oakley
Victor Kao, ‘07,
Citi Mortgage
Lena Kattar, ‘07,
Garfield Health Center
Medical Group, Inc.
Lowell Kessel, ‘08, G.E.O. Inc.
Rafay Khalid, ‘07,
First Albany Capital
Hideyuki (Tasman) Kikuchi,
‘06, Tokyo Metropolitan
Government
Angela Kim, ‘08
Zsolt Kiraly, ‘08, Boeing
Stefan Kokolios, ‘07,
GKN Aerospace
Ian Koskela, ‘06, IBM
Financial Services
Dimitri Krikelas, ‘08,
Canterbury Consulting
Shankar Krishnan, ‘07, Boeing
Monica Kristoffersen, ‘08,
Boeing
Selva Kulasingam, ‘07,
ZTNet Solutions
Eric Lang, ‘08
Samara Larson, ‘08, UC Irvine
Cord Laule, ‘08,
Metal Process Engineering
David H. Lee, ‘08,
Posh Retail Group
Eli Lee, ‘08, Entrospect
Solutions Corporation
Patrick Lee, ‘06,
Mark Lenert, ‘07,
Longust Distributing
Haifeng Li, ‘08, Conexant
Jeff Light, ‘08, OC Register
George Lin, ‘06
Peter Liu, ‘08,
PacRim Engineering, Inc.
Aileen Ma, ‘06,
City of Riverside
Michael Ma, ‘07,
Christopher Mackenzie, ‘07,
Deloitte & Touche
Todd Margrave, ‘08,
Department of Defense
Jon Masciana, ‘06, The Paul
Paul Mendonca, ‘08, AEC Tek
Greg Metzger, ‘07
Chris Meyer, ‘08, OC Register
David Mildren, ‘08, Toshiba
Heather Miller, ‘06,
Mattel, Inc.
Hitomi Momose, ‘07,
Mission Pathology Medical
Association
Andrew Monteabaro, ‘08,
Mazda North American
Operations
Neill Mosqueda, ‘07,
DaVita, Inc.
Vasu Narasimhan, ‘07,
Teledyne Analytical
Instruments
Ken Neeld, ‘07,
Delphi Display Systems, Inc.
Kurt Nelson, ‘07,
GE Real Estate
Susie Nishiya, ‘08, American
Honda Motor Company
Rowell Nueva, ‘07, OrthoNet
Francis Obedoza, ‘07, James
Hardie Building Products
Brendon O’Neill, ‘07,
Niagara Water
Julia Patino, ‘08,
Kaiser Permanente
Robert Pereira, ‘08,
Trimar Properties
John Presser, ‘07, BoehringerIngelheim Pharmaceuticals
Michael Pressman, ‘08,
Rockwell Collins
Manette Quinn ‘06,
MediQuin Credentialing
Valente Ramos, ‘07, Omnicare
Medical Group
Alexander Jay Rapoport, ‘08,
Pacific Life
Joseph Raquel, ‘08,
Foothill Transit
Bill Rasmussen, ‘08,
Urban Science
Canaan Reich, ‘07,
Niagara Water
Steve Rhee, ‘07,
N Computing, Inc.
Paul Robidoux, ‘07, Boeing
Lucy Rosales-Watson, ‘07,
Disneyland Resort
Gary Rosenfield, ‘06,
Kaiser Permanente
Bill Ryan, ‘08, UC Irvine
Bijan Sadri, MD, ‘08
Laurie Sanderson, ‘07,
Classics for Kids
Koushik Sasmal, ‘08,
Bentley Systems, Inc.
Priyanka Saxena, ‘08,
Deloitte & Touche
Joyce Seak, ‘07, Janssen-Cilag
Shibu Sen, ‘08,
Green Wave LLC
Bill Shadrick, ‘06,
Affinity Lending Group
COLLABORATION
Ali Shah, ‘06,
KBS Realty Advisors
Bharat Shah, MD, ‘08,
Foothill Cardiology
Timothy Sheehan, ‘06,
Maxim Integrated Products
June Shin, ‘06, Netlist Inc.
Amarinder Sidhu, ‘08,
Deloitte & Touche
Simon Singh, ‘08,
Deloitte & Touche
Joseph Smith, ‘08,
Kaiser Permanente
Trevor Speirs, ‘08, Experian
Amy Stevens, ‘08,
OC Register
Gopal Subramani, ‘08,
Invensys Corp
Amy Tan, ‘06,
Tannart Consulting
Timothy Tang, ‘07, Microsoft
Kathryn Taylor, ‘08, Athena
Plumbing and Medical
James Tea, ‘08,
Southern California Edison
Jane Terry, ‘09, Ajax Boiler
Dinesh Thigale, ‘08,
Semiconductors Junction, Inc.
Kevin Thiha, ‘08,
Huntington Brass
Graham Threadgill, ‘08,
ºBeckman Coulter, Inc.
Margaret Townsend, ‘07,
Animal & Insect Pest
Management, Inc.
Danny Tran, ‘08, Mitsubishi
Electronics America
Dao Tran, ‘08,
Tannart Consulting
Jon Tran, ‘08, TRC Financial
Cheryl Travaglianti, ‘08,
Culligan
George Varghese, ‘08,
Halliburton
Gretchen Verdugo, ‘07, Impac
Mortgage Holdings, Inc.
Andre Vovan, MD, ‘07,
Newport Critical Care
Wakeem Wakeem, ‘08, IBM
Amy Wakeham, ‘06, Leap
Wireless International, Inc.
Bradley Walker, ‘06,
Hobbs Herder Advertising
Rebecca Warner, ‘08, Amgen
Fred Webb, ’08, Boeing
Terence Weiner, ‘07,
USGI Medical
Jeff Williamson, ‘07, Parson
North America
Tiffany Wilson, ‘07,
Motorola Corporation
Jennifer C. Wong, ‘08, Boeing
Vivian Wong, ‘07, California
State Automobile Assoc.
Perry Yeh, ‘08, Alcoa
Fastening Systems
Genevieve Yulo, ‘08, UC Irvine
Kaisu Zhuang, ‘08,
SmartSoft Software, Inc.
Coni Zingarelli, ‘08,
Grill Concepts, Inc.
Todd Zive, ‘07,
ev3 Neurovascular
Sandra Findly Named Director of the
Dean’s Leadership Circle
By Anne Warde
SINCE ITS INCEPTION
three years ago, the
Dean’s Leadership
Circle has exceeded all
expectations, growing
to more than 330
members. That said,
the DLC is the fastest
growing support group
on campus and is still
seeking to expand.
Merage School Dean
Andy Policano is committed to the continued success of
the group and has designated a full-time director to
manage the program.
To tackle the task, Sandra Findly, an eight-year veteran of the Merage School, was appointed as the new
Director of the Dean’s Leadership Circle. Findly, who
had been managing the group along with her role as
Director of Alumni Relations and Annual Giving, will now
be solely dedicated to the DLC program.
“Everything is in alignment for this program to succeed,” Findly commented. “Andy has a vision for our
school and this program that has gained significant
momentum and is attracting some very outstanding
business leaders and alumni. His commitment and
focus on Merage alumni has helped set the stage for
this program to really take off.”
The Dean’s Leadership Circle is a premier support
group aimed at graduates of The Paul Merage School of
Business and other business professionals. Currently
embarked upon a $1 million campaign to raise funds to
create an Endowed Professorship, the DLC’s goal is to
enhance the School’s ability to attract and retain the highest caliber of scholars in an effort to maintain the highest
quality learning experience for all students and alumni.
The DLC is composed of successful alumni, corporate
business leaders, faculty, staff and friends of UC Irvine.
Membership includes exclusive benefits such as knowledge-sharing, opportunities to exchange thoughts with
the Dean and members of the faculty, introductions to
high-level business executives, and complimentary and
discounted invitations to exclusive events like the Annual
Insider’s View held every year at a private member’s
home.
For more information and to inquire about membership, please contact Director Sandra Findly at
949.824.8865 or visit merage.uci.edu/go/DLC.
51
Merage
|
2008 – 2009
COLLABORATION
Dean’s Leadership Circle Hosts
Annual Merage Family Day
A WHALE OF A
GOOD TIME!
52
COLLABORATION
The Festival of the Whales in Dana Point Harbor in March 2008 set the stage for another fun-filled networking event for
members of the Dean’s Leadership Circle, their guests and Merage School alumni. The Ocean Institute led exclusive
presentations and tours in the morning while families enjoyed carnival activities throughout the afternoon.
Active supporters of the Dean’s Leadership Circle, like Kyle (‘07) & Kathe
Van Hoften, Sam (‘00) & Stacy King, Tracy & Geoff Bremmer (’05), and
Todd (‘07) & Mindy Zive, enjoyed bringing their little ones out for mini
workshops and arts and crafts projects. Likewise, alums like Shannon
(’99) & Kain Cross and their family, and Steve Acterman (‘99) and his
son, Tristan, enjoyed the day’s festivities along with a whale watching
trip!
53
Merage
|
2008 – 2009
ALUMNI NEWS
The Merage
Annual Fund
M ORE THAN EV ER, the value of a
Merage School business degree
from UC Irvine continues to climb
with our world-class faculty, innovative new programs, and of
“
private support for areas not
funded by state dollars
Provide enhancements and
upgrades for our classrooms,
transforming them into state-ofthe-art learning centers
Enable the School to focus on
local, regional and national
Today we’re educating
nearly 1,000 highlyqualified MBA students
at a time.
”
course, our ever-growing Merage
Alumni Network. Today we’re educating nearly 1,000 highly-qualified
MBA students at a time and our
latest rankings once again place us
among the best in the world.
Six specialized Centers of
Excellence plus executive education
programs offer a unique blend of
learning opportunities to students,
alumni, and the business community. Employers recognize a Merage
School MBA with confidence and
trust.
To help move our School from
excellent to extraordinary, we
depend on the generous support of
our alumni. Each gift plays an integral part in our Merage Family’s
success. Here’s a sample of what
Merage School Annual funding can
do:
Provide the Dean with needed
54
Fund fellowships to help recruit
the best and brightest students
alumni programing
Fund marketing efforts such as
the monthly alumni newsletter
Thanks to the generosity of our
alumni, we surpassed our 20072008 Merage Annual Fund goal,
and we look forward to even
greater participation this year. For
more information about the Annual
Fund, please contact Elizabeth
Dahl at 949.824.3066.
ALUMNI NEWS
Merage Alumni
Network
Event Calendar
O R AN GE C O U N T Y E V E N T S :
Central County Luncheon:
1st Fridays
Karl Strauss, Costa Mesa
South County Luncheon:
4th Fridays
El Cholo, Irvine
North County Luncheon:
November 14, 2008
El Torito Grill, Anaheim
Once per quarter in Anaheim
area – future dates to be
announced
QUART E R LY R E GI O NAL
P RO GR AM S :
Winter 2008 and Spring 2009
events are being planned for the
Los Angeles, San Diego and San
Francisco areas. Check the website at alumni.merage.uci.edu/
ChaptersAndEvents/EventSched
uler.aspx for updates.
C H AP T E R E V E N T S :
Real Estate Alumni Chapter:
Kick-Off Event
October 22, 2008
6 pm
UC Irvine Campus
REUNION:
Classes of 1974, 1979, 1984,
1989, 1994, 1999, 2004, 2009
Summer 2009
If you are a member of one of
the classes referenced above and
are interested in representing
your class by participating on
the reunion planning committee,
please contact the Alumni
Relations Office at 949.824.7167
or MerageAlum@merage.uci.edu.
Class Notes
’87
D W I GH T H E N N I N GE R , ’ 8 7 , is the
’69
B O B BU N YAN , ’ 6 9 , would like to
announce the formation of the
Arlington Group LLC- Bob Bunyan, Bill
Woollett and Bill Vardoulis. Since graduation, Bunyan served as sales and
marketing executive with Mission Viejo
Company and its successor, J.F. Shea
Company, and contributed to the completion of development of the planned
community of Mission Viejo, as well as
the planning, development and land
sales in Aliso Viejo. In ‘02, Bunyan
established Robert Bunyan & Associates,
providing development, entitlement and
regulatory agency processing services.
’77
S AN D R A ( RO S E N T H AL ) S W AN S O N ,
’ 7 7 , retired from University of Hawaii
as Asst. Professor of Computer Science
and is living on Maui with husband
Robert (UCR ‘67).
’81
C H R I S L AW S O N , ’ 8 1 , recently released
his new book, “Snappy Interviews: 100
Questions to Ask Oracle DBAs.” Chris is
currently a performance consultant at
Wells Fargo Bank, San Francisco.
’82
P E T E R P. C U L L E N , ’ 8 2 , would like to
announce that Core Performance has
been selected as an Intuit Solution
Provider for the southern California
region. Core Performance offers a full
range of value-added consulting services
for QuickBooks Enterprise Solutions®
(www.quickbooksenterprise.com) developed by Intuit Inc., a leading provider of
business and financial management solutions for small and mid-sized businesses,
consumers and accounting professionals.
’84
RIC H ARD C ORD OVA, ’ 8 4 , has recently
been acquired by Starbucks as Director
on Internal Audit after spending the last
24 years with PricewaterhouseCoopers.
President of the Colorado Association
of Chiefs of Police and is on the
International Association of Chiefs of
Police Executive Committee.
D I ANA L E AC H , ’ 8 7 , started an inde-
pendent management services and
consulting practice in January ‘07, with
a primary focus on the water, wastewater and utility management
industries. She has enjoyed a long-term
successful public and private sector
career, and has spent this first year
consulting on projects in Orange,
Ventura and Los Angeles counties. In
addition, she provided pro bono consulting services to a nonprofit entity
and a private school.
’88
S C OT T A. RO B I N S O N , ’ 8 8 , Captain,
United States Navy, Scott has been
Captain of the USS ANZIO (CG 68)
since July 2007. ANZIO is one of 22
Ticonderoga Class cruisers and is
homeported in Norfolk, Virginia. The
ship has a Wardroom of 35 officers and
a crew of 312 Sailors.
’93
M I KE H O LT, ’ 9 3 , is teaching an MBA
Class at INSEAD on Private Equity and
Venture Capital and is based in
Singapore, through the CEO Advisory
firm that he started (www.get2-volume.com). The focus is on helping
companies do business in and out of
Asia with particular focus on building
business via fund raising, growth strategy acceleration and angel investing.
M AR K U T E N D O R F, ’ 9 3 , has said
farewell to corporate America and purchased a lawn care company in
suburban Chicago. He and his wife,
Janice, have a 5 year old son and 2 year
old daughter. A hearty hello to the EMBA
class of '93. Long live the Nomads!!
’94
M AS AH I RO KU D O, ’ 9 4 , is the Sr.
Finance Manager at Novell Japan Ltd.
He dropped in at the Merage School
and met with Professor Joanna Ho on a
recent visit to California.
55
Merage
|
2008 – 2009
ALUMNI NEWS
D O N AR C H E R , ’ 9 4 , started a PQM,
Inc., a Quality Management Consulting
firm that focuses on reducing project
and construction cost overruns for
infrastructure projects. They provide
consulting services, professional services and training. PQM is based in
Huntington Beach, CA.
’96
W AY N E F O S S , ’ 9 6 , completed his doctorate and was awarded the Doctor of
Business Administration (DBA) degree.
He is returning to Taiwan to teach at
the International Center for Land Policy
Study and Training in Taoyuan. Dr. Foss
has been invited to lecture for the past
seven years at the center. His teaching
has also taken him to China and South
Korea, and he continues to run his real
estate consulting business, the Foss
Consulting Group, and teach at
California State University, Fullerton.
S U KI M , ’ 9 6 , recently moved from LA to
London to work at PricewaterhouseCoopers
Consulting UK as a Senior Manager in
their Performance Improvement
Consulting Practice. She will be working
with Fortune 500 and FTSE 100 companies improving their business
operations within the UK and Europe.
’97
for (Peregrin Systems in 2006 and
Bitfone Corp. in 2007) He decided to
stay on with HP and help them acquire
more software companies. “It’s been a
fun ride so far and utilizes a lot of skills
I learned at business school.”
ART E L E FAN T E , ’ 0 1 , moved to
Okinawa, Japan in April, ’08. This project
took him to the island of Okinawa to help
the III US Marine Expeditionary Force to
implement a new readiness reporting
system for the Department of Defense.
S H ANA ( L E V Y ) M ART I N , ’ 9 8 , teaches
at Orange Coast College, Adjunct
Faculty, in the Business and Computing
Department.
JO H N GI B S O N , ’ 0 1 , President/Owner,
Premier Financing and Principal,
Gibson Law Group, John started two
new companies in the past six months.
The first is a residential and commercial mortgage brokerage company
(Premier Financing – www.premierfinancing.biz). The second is a law firm
focusing on business law; contract
negotiation, review, and dispute; estate
planning; and immigration law (Gibson
Law Group – www.gibsonlawgroup.biz).
S E N -JAN S AM T S AI , ’ 9 8 , works for
Deloitte Consulting in Shanghai.
’99
V E RO N I C A C H E S T N OY TAY LO R , ’ 9 9 ,
just celebrated her 5th year anniversary
since founding OLAPIS, Inc. which specializes in Cognos Enterprise Planning
& Business Intelligence consulting services.
’00
P H I L I P AL L E GA, ’ 0 0 , is the VP at
Gartner Research. He is a current candidate for the Freedom of the City of
London as Freeman with The Worshipful
Company of Information Technologists,
a modern livery company. He is also the
co-chair for Gartner's European
Conference on Enterprise Architecture
this September in London.
E D W AR D H . H E R NAN D E Z , ’ 9 7 ,
TO N Y AR M AN D, ’ 0 0 , has been asked to
coached a team of undergraduate
Human Resource students from California State University, Stanislaus to a
victory at the 2008 California Human
Resource Management Games academic tournament. This tournament took
place on March 1, 2008 and was held
at San Jose State University.
lead as CEO, a medical device startup
company. “It is an exciting opportunity
to practice what we learned in the MBA
program while helping those challenged
with Peripheral Vascular Disease.”
KY L E VAN H O F T E N , ’ 9 7 , was recently
appointed to the United Way Orange
County's Marketing Committee and has
received the Irvine Chamber of
Commerce's Member of the Month
award for March ‘08.
KARY N W O M AC H , ’ 9 7 , has accepted
the position of Training Manager of
Financial Systems for Qualcomm Inc.
’98
KU RT D E P F Y F F E R , ’ 9 8 , After HP
acquired two companies Kurt worked
56
’01
AN GI E A. S W ART Z ( AD D I S ) , ’ 0 1 ,
president and executive business/life
coach has created a support network
for professional, like-minded mothers
called Six Figure Moms Club. Recently
celebrating its 2nd anniversary, Six
Figure Moms Club provides a supportive environment that encourages women
to live a life of leadership in all facets
of their lives. Based in San Diego but
recently expanding to Orange County,
the Club offers workshops and mentoring to encourage women to evolve their
lives to a higher level in all aspects of
self, career, relationships, family, and
spirituality.
E R I C A L E GG , ’ 0 1 , is the Purchasing
Financial Planner at Nissan North
America, Inc.
AN GE LO LO M BAR D O, ’ 0 1 , was promoted to Vice President of Business
Development for the Coca-Cola
Company in early January. Focus will be
leading the acquisition of new accounts
as well as identifying new business
opportunities.
C AT H E R I N E C . T U R KE L , ’ 0 1 , is the Sr.
Director, Clinical Development,
Neurology and Pain and Team Leader
BOTOX Headache of Allergan, Inc.
Catherine has just recently completed
her PhD in Business and Organizational
Management. She also writes,
“Alternative advanced education served
me well as I complete this degree via
on-line coursework through Capella
University.” She was thrilled that Dr.
Marta Elvira, previously associate professor with UCI agreed to serve on her
dissertation committee.
JO H N W AL D E C K, ’ 0 1 , joined Pacific
Life in ‘97 as a Network Support Analyst
in the Real Estate division. He was promoted to Director in ‘05, and in ‘06, was
promoted to Assistant Vice President,
Real Estate Underwriting. As head of
Underwriting & Construction Services,
he provides direction and support to the
underwriting, analysis, and structuring
processes for real estate debt investments. He has oversight for the training
and development program for investment analysts and coordinators, and is
responsible for the Real Estate
Division’s documentation, implementation and maintenance of commercial
mortgage underwriting guidelines.
ALUMNI NEWS
E D W AR D YAN G , ’ 0 1 , has left his posi-
tion as Senior Manager Strategic
Alliances at D-Link to start his own
company. Firecracker will offer public
relations, traditional marketing and
Search Engine Marketing (SEM) services
specifically for high tech companies.
Edward brings his 13 years of marketing experience at Gateway and D-Link
to his new company. He can be contacted at edward@firecrackerpr.com or visit
www.firecrackerpr.com.
’02
JO E L E L AD, ’ 0 2 , Owner of Real
Method Consulting, has published his
newest book in March 2008. It’s called
Web Stores Do-It-Yourself for Dummies,
and it can help anyone build their own
e-commerce operation. His next book is
Linked In for Dummies, which should
be out this fall.
PAU L JAC KS O N , ’ 0 2 , has launched a
media and publishing company and
was able to secure venture capital backing. HW Publishing publishes Housing
Wire, one of the most-read online financial news destinations in the mortgage
banking industry. Housing Wire currently serves more than 4 million page
views monthly, and reached more than
2.5 million unique visitors during 2007.
JO H N S PAR KS , ’ 0 2 , recently transi-
tioned from global Business Intelligence
manager to Lean Six Sigma Leader for
corporate shared services. In this new
role he is responsible for business
process reengineering for the global
finance, IT, HR, legal, business development, investor relations, and strategy
organizations, as well as oversight for
the Quote-to-Cash and Procure-to-Pay
processes across all functions.
XAV I E R M I NAKAW A, ’ 0 2 , and wife
Julie and had their first child, Alexander
Mark Minakawa, on Jan. 28, 2008. He
will also be taking a new job as Merger
& Acquisitions Program Manager for
VMware in April.
’03
T I F F I N Y VAN D O M KAR E M , ’ 0 3 , has
been promoted to Director, Global
Marketing, of Discus Dental, LLC.
JO H N R . KAR E M , JR . , ’ 0 3 , has been
promoted to Director, Global Business
Development, of Phillips Distilling
Company.
S H INJI H IGUC H I, ’ 0 3 , after graduating,
returned to Japan in 2004. He has
stayed with the same parent company
Mitsui & Co., Ltd. Utilizing what he
learned at UCI, Shinji founded a new
company with a U.S. listed company
Clear Channel Outdoor with capital from
Mitsui and CCO. The new venture company is called Clear Channel Japan, Inc.
and he became Chief Operating Officer.
CCJ is an out-of-home (OOH) media
company and engaged in developing
outdoor media throughout Japan. CCO
is listed in NYSE and the world's largest
OOH company.
’04
very happily landed a Product Marketing role at DATAllegro, an Aliso Viejobased data warehouse appliance vendor. It is one of the best places to work
in OC and poised for explosive growth.”
’05
DAV I D C H E N , ’ 0 5 , Promoted from
Consultant to Senior Consultant.
Currently working on Finance transformation project for Las Vegas Sands
(holding company of Venetian and
Palazzo).
AV I GU R , ’ 0 5 , is working in Sales and
Account Management in Carlsbad, CA
at Atlium, an EDA Software company
that specializes in FPGA design integration, headquarted in Sydney Australia.
RU S S BAR LOW, ’ 0 4 , currently works
S AR AH H I N E , ’ 0 5 , spent the past year
for the Executive branch of the Federal
Government at the National Credit
Union Administration as a Principal
Examiner. He began with the NCUA
(which is the insurer for the majority;
and the regulator for many credit
unions) in August 2005 after working
for a sub-prime auto finance company,
and was promoted several times to
Principal Examiner. He plans to continue to serve the public interest by
working for NCUA. He and his wife,
Rebecca, and their six children enjoy
North Carolina.
as an American India Foundation Fellow,
working closely with Muse, an Indian
Non-Governmental Organization. In this
capacity, she marketed their ecotourism
services and expanded their conservation efforts while enjoying life in both
Delhi and the Indian Himalayas.
KE L LY H AGGAR D, ’ 0 4 , has been pro-
moted to Product Development
Marketing Manager for the Orange
County Register. Kelly is managing all
B-to-B advertising initiatives and product development for the companies
email marketing strategies. She is also
President of Team Freedom board of
directors that manages all the non-profit and volunteer work of The Orange
County Register.
C H R I S YO U N T, ’ 0 4 , was recently pro-
moted to the position of Executive Vice
President/COO of Fortifiber
Corporation. This change brings the
sales, marketing and manufacturing
functions under his control. Chris lives
in Reno, NV with his wife Mary and 2
year old daughter Amanda. They are
expecting the birth of their son in May.
JO E LO N GT I N , ’ 0 4 , writes, “After trying out a start-up in Pasadena – X1
Technologies – and a legacy ERP company in Santa Barbara, QAD – I have
B R I AN KR E I T Z E R , ’ 0 5 , received pro-
motion to ERP/IT Financial Manager at
Southern California Edison.
AN U M AT H U R , ’ 0 5 , received a promo-
tion within TV Marketing.
’06
AS H E R AD E L M AN , ’ 0 6 , recently joined
The Challenge Fund as an Associate.
Based in Tel Aviv, The Challenge Fund is
a leading venture capital and private
equity firm managing over $200 million. The Fund invests in privately-held
Israeli technology companies, and over
30 of its portfolio companies have
achieved an exit transaction. The Fund's
exits include 10 NASDAQ IPO's and
more than 20 acquisitions by companies such as Intel, AT&T, Oracle, and
Nokia Siemens.
P E T E R C L AY TO N , ’ 0 6 , Edwards
Lifesciences Marketing Manager, and is
relocating to the European HQ in
Switzerland with his wife and three children, Alex (6), Ruby (4) and Henry (1).
B E N JAM I N M E DV I T Z , ’ 0 6 , has moved
to a new job and is now at InTheAirNet
LLC as Vice President of Engineering.
57
Merage
|
2008 – 2009
ALUMNI NEWS
M I KE S C OT T, ’ 0 6 , is currently living in
San Jose, CA, working in the Medical
Device industry.
JAN E T TAI T, ’ 0 6 , wanted to say thank
you to the FEMBA 06 Section A for all
their help and support after she lost
her house in the San Diego wildfires in
October. She especially wants to thank
Felice Szeto-Wong for her efforts on her
family’s behalf. Her classmates’ support is greatly appreciated.
D E B B I E M OYS YC H Y N , ‘ 0 6 , was pro-
moted to Executive Director, EMBA/
HCEMBA programs. She also states,
“additionally we relocated from Irvine
to Tustin (behind the District) – not a
big deal but becomes a big deal as we
watched the housing market tumble and
took advantage of low rates, dropped
pricing and non contingent sale.”
S H AH I N JAH RO M I , ’ 0 7 , is the
Program Mgr/Business Analyst at
Gemstar/TVGuide. He started his current job during his last quarter as a
senior software developer. Nine months
later, he has fully transferred the new
team and will hopefully never write
code again. He is defining roadmaps
and building new products now. His level
of satisfaction is not even comparable
with to life before the Merage School.
R AFAY KH AL I D, ’ 0 7 , accepted an offer
as a lead analyst in the Equity Research
department at Standard & Poor's (S&P)
in New York City. This new position builds
upon his prior experience as an associate in equity research. Prior to joining
S&P, he was an associate in the Equity
Research department at First Albany
Capital (now called Broadpoint Capital).
T R E VO R C O L L I N S , ’ 0 7 , has left
LandAmerica and began work as a business strategy consultant for cpSphere
in February 2008.
C H AD T H AC KE R , ’ 0 7 , is now the Key
Account Manager at Rexam Pharma –
specializing in the diagnostic and medical device market space. Clientele
includes all "Big Pharma" and large
diagnostic firms. Chad and his wife,
Lori, welcomed their 3rd daughter, Eliza
on April 4.
B E R NAR D O GAR C I A, ’ 0 7 , was
C ARO LY N T S AO, ’ 0 7 , moved to the bay
assigned as Construction Mgr. for a CoGeneration plant project in Jurong
Island (Singapore) in November 2007.
The Generation of steam and electricity
is based on bio-diesel produced from
coconut oil. The Singaporean government is also launching a 3-year pilot
program sponsored by automotive and
petrochemical companies to supply and
test bio-diesel in normal vehicles.
area as Director of HR for Genemed
Biotechnologies, Inc.
’07
C O S M I N I BAN E S C U, ’ 0 7 , moved to the
east coast at the beginning of the year
to start his new position in marketing
research. His is working as a consultant
for Kraft Foods in East Hanover, NJ.
58
L I Z B ROW N I N G , ’ 9 8 , and Joe Niccum
had a baby boy, Nathan Browning
Niccum, on October 21, 2007.
KU RT D E P F Y F F E R , ’ 9 8 , After HP
acquired two companies Kurt worked
for (Peregrin Systems in 2006 and
Bitfone Corp. in 2007), he decided to
stay on with HP and help them acquire
more software companies. “It’s been a
fun ride so far and utilizes a lot of skills
I learned at business school.” His wife
Sarah and he have also welcomed their
third boy, Daniel, to the family on Feb 6
so they now have a 4, 2 and newborn to
keep up with.
’01
E R I C A L E GG , ’ 0 1 , is the Purchasing
Financial Planner at Nissan North
America, Inc., Erica and husband, Tom,
welcomed the arrival of their second
child and first son, Evan Thomas, on
February 21st.
C AR M E N BAM E RT M AS O N , ’ 0 1 , and
her husband recently welcomed the
newest addition to their family, Timothy,
born in September ’07– and enjoying
every second of motherhood!
DAL E B OY L E S , ’ 0 7 , recently sold
Monarch Senior Living to Senior Care
Management, LLC in Irvine, CA and has
assumed the role of President. Senior
Care Management has 18 assisted living communities throughout the West.
Dale has relocated to San Diego, CA.
L E S L I E H AYS , ’ 0 7 , is the Director at
Apria Healthcare which provides home
respiratory therapy, infusion therapy and
medical equipment through approximately 500 locations in the United
States. Most recently, Apria Healthcare
completed the acquisition of Coram and
Leslie was offered the position of
Director of Supply Chain Engineering
where she will be responsible for defining supply chain strategies, rolling out
operational optimization projects, defining distribution work and process
standardization, as well as a supporting
the company-wide SAP implementation.
’98
’02
AU D R E NA C H E U N G , ’ 0 2 , Jeff and
Audrena Liu FEMBA ’02 welcomed their
second child, Ayn, on Feb. 2, 2008.
Mother and daughter are both doing well.
C H R I S C L AI S S E , ’ 0 2 , & Karin wel-
Marriages/
Family News
’96
KR I S T I N C L AR KE BATOY, ’ 9 6 , and
Arsenio Batoy welcomed their third child,
Camille Grace, on October 26, 2007.
TO M M Y N GU Y E N , ’ 9 6 , was married in
2006 and moved to London in 2007.
L AU R A R H Y N E W I L L I AM S , ’ 9 6 , and
her husband, Dorian, welcomed their
baby girl, Kayla Elise, on October 17,
2007. She weighed in at 9 lbs, 2 oz.
comed their Leap Year daughter Zoe
Marie Claisse into the world on
February 29, ‘08.
AN D R E W KI M , ’ 0 2 , got married in
October ‘07.
XAV I E R M I NAKAW A, ’ 0 2 , and wife
Julie had their first child, Alexander
Mark Minakawa, on Jan 28, 2008. He
will also be taking a new job as Merger
& Acquisitions Program Manager for
VMware in April.
LU KE F I T Z S I M O N S , ’ 0 2 , first child,
son Owen Henry FitzSimons, was born
10-22-07.
DAV I D S U L L I VAN , ’ 0 2 , had his first
child born, Ginger Eva Sullivan, 17
ALUMNI NEWS
October 2007, in Paris France. Mother
Thea is well. Ginger is healthy and
happy. Tout va bien.
’04
L I S A M U N RO, ’ 0 4 , Jeremy Collins proposed in December on a trip back to
Orange County. The wedding will take
place in August to capitalize on the
sunshine and we will have many fellow
FEMBAs in attendance!
TO D D S I GL E R , ’ 0 4 , and Heidi Sigler
welcomed their first child, Chloe
Suzanne on November 20, 2007. 9lbs,
7 ozs. Todd writes, “Everyone is doing
great, if a little sleep deprived.”
’05
GR E G F E R R E L L , ’ 0 5 , and Tanya are
thrilled to announce the birth of their
first child, Jack Travis Ferrell, born at
Hoag Hospital on February 18, 2008.
JT was 6 lbs, 4 oz, and 20 inches long
at birth. He and his mother are both
doing great. Dad is elated, and still
working to get a transfer to Seattle, WA,
where both sets of grandparents and
aunts are currently living.
AV I GU R , ’ 0 5 , and Kate Reeves got
married in Bali in April, 2008. A wedding reception is planned at Doheny
Beach in June. The couple plan to continue living in south Orange County.
’06
GR E GG B O E H M , ’ 0 6 , and Sequoia
Boehm are excited to announce the
arrival of their first child, a baby girl,
Taylor Marie Boehm, born on January
12, 2008.
AB D U L R AS TAGAR , ’ 0 6 , & Bjorg are
celebrating the birth of their second
child, Aaron, in May. “3 out of 4
Rastagars are born in May.”
’07
C H AD T H AC KE R , ’ 0 7 , has new job as
Key Account Manager at Rexam Pharma
– specializing in the diagnostic and
medical device market space. Clientele
includes all "Big Pharma" and large
diagnostic firms. Chad also celebrates
a new arrival: his wife, Lori gave birth to
their 3rd daughter, Eliza on April 4.
M E L I S S A VAR C AK, ’ 0 7 , Dole Food
Company, Associate Business Manager,
was engaged to Mario Carboni on
March 6th, 2008.
LU C Y RO S AL E S W AT S O N , ’ 0 7 , and
Russell Watson are proud to announce
the birth of a baby boy, Grant Russell
Watson. He was born on March 9, 2008
at Hoag Hospital, Newport Beach, CA,
and weighed 6 lbs, 8 oz. This is their
first child.
THE MERAGE ANNUAL FUND
A New Tradition of Giving
In the simplest terms, your contributions to the Merage Annual Fund help to increase the
value of your degree and ensure a bright future for incoming students.
Your unrestricted gift will help the School to provide distinct scholarship programs, faculty
research, and develop new initiatives and educational opportunities.
Join your fellow alumni TODAY and ensure the growth in reputation of The Paul Merage
School of Business at the University of California, Irvine.
www.egiving.uci.edu
You can make your contribution through our website or by contacting Elizabeth Dahl at edahl@uci.edu
or 949.824.3066. A return envelope is also included in this magazine for your convenience.
New Living Building Brings Stories of Success
S
trategic innovation is at the core of everything we do at The Paul Merage School of
Business. When it comes to our campus, this same principle holds true. As the Merage
School continues to expand and as we broaden our reach and influence, our campus
must reflect and accommodate this growth.
To enhance the delivery of our high quality programs, compete with the world’s best institutions, and continue to attract and retain the highest quality faculty and students, Dean Andy
Policano set his sites on the development of a new building — the first since 1989.
“Due to our innovative curriculum, executive programs, and research conducted and presented
by the School and its highly regarded faculty, we are expanding at an accelerated rate. We have
outgrown our existing facility and significant added space is vital,” he said.
This new living building reflects the Merage School’s emphasis on innovation and outreach to
the business community. Museum-like displays and video screens will tell the success stories of
our benefactors and contributors. The building will house a 300-seat auditorium, high tech
classrooms, a laptop computer lab, career resource library, conference and group study facilities,
colloquia and interview rooms, food service, and a multi-use reception area.
With AC Martin as the program architect, the 85,000 square-foot structure’s development is
lead by Assistant Dean John Clarke and is now transitioning into the design/build phase.
Funded with both state money and a projected $20 million in new gifts, the $55 million building is expected to be complete by 2012.
For more information regarding the building campaign and naming opportunities, please
contact Donna Mumford at dmumford@uci.edu or 949.824.6418.
60
Looking for top MBA talent?
Let the Merage MBA Career Center be your first source in Orange County for qualified MBA
Business Professionals. Tapping into the professional talent network of our four MBA programs and alumni has never been easier.
■
POST full-time and internship opportunities
■
REVIEW resumes for your open positions
■
REQUEST a resume referral tailored to your specific needs
■
CONTACT us today at:
UC Irvine Paul Merage School of Business
MBA Career Center
MPAA 201
Irvine, CA 92697-3130
949.824.8464
recruiting@merage.uci.edu
recruit.merage.uci.edu
Global Business Strategies Conference
Navigating Today’s Economic Challenges
Monday, November 17, 2008
Irvine Marriott Hotel | 18000 Von Karman Avenue, Irvine | 7:30 a.m. to 3:30 p.m.
Attendees Learn To:
Conference Highlights:
> Anticipate changes in the global
market and stay ahead of your
competition
> The Seismic Shift in Global Consumerism
> Global Footprints Panel
Operational challenges, supply chain, risk management and security
> Global Public/Private Partnerships Panel
Accessing capital and resources through government programs and agencies
> Orange County’s Global Influence
Leading CEOs discuss Orange County’s key industry clusters making a global impact: surf & skate,
medical device, real estate, and arts & entertainment
> Sustain business growth in an
economic downturn
> Access capital through government programs to expand your
business
> Understand the influence of
Orange County in the global
economy
Luncheon Keynote Speaker:
Presented By:
Paul McCulley
Managing Director of PIMCO,
the world’s largest bond manager,
Complimentary private consultations
available with representatives from the
Export Import Bank of the United States
and PRTM Global Consultants.
discusses
“The Paradox of De-leveraging”
A Diagnosis of the Current Crisis and a Prescription for Recovery.
Gold Sponsors
Silver Sponsors
Bronze Sponsors:
MPAA Suite 210
Irvine, California 92697-3130
merage.uci.edu
Advanced Medical Optics
Experian

Global Innovation - The Paul Merage School of Business

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