August 2004

Media Coverage: August 2004

Media Coverage is a listing of current media placements featuring Smeal College faculty, staff and students. At the end of each month, items are moved into the Archive , accessible via the link at the end of this page.

U.S. News & World Report , 8/30/2004— The Smeal College undergraduate program is ranked 20th overall and 12th among public universities in the 2005 edition of the "Best Undergraduate Business Programs" issue, part of the magazine's annual survey of America's best colleges and universities. Read more about Smeal's ranking at http://www.smeal.psu.edu/news/releases/aug04/rankings.html .

Kalamazoo Gazette , 8/29/2004— Judy Olian , dean of the Smeal College, discusses the commission she chaired for the Association to Advance Collegiate Schools of Business, which addressed the shortage of Ph.D. candidates in business. "If business leaders yawn when they hear these stories of gloom and doom, they shouldn't," Olian says. "If it persists, the shortage of leading thinkers and teachers in business could lead to deteriorating business practice and innovation, a dearth of well-trained business leaders, and a marketplace without fair and ethical rules of engagement" ( The business Of Teaching: Study Shows Number Of People With Business Doctorates Down ). Read about Olian's involvement with the Doctoral Faculty Commission at http://www.smeal.psu.edu/news/releases/sep03/olian.html .

Scripps Howard News Service , 8/27/2004— Albert Vicere , professor of strategic leadership, writes in his regular column that "it's a common question, debated in think tanks, the military, businesses and the nation's top business schools: Are leaders born or made? A new study, examining the lives of 860 great American business leaders from the 20th century, provides tremendous insights into the nature of effective leadership" ( What Makes A Great Business Leader? ) The column also appeared in the Pittsburgh Post-Gazette .

Scripps Howard News Service , 8/20/2004— Judy Olian , dean of the Smeal College, writes in her regular column that "U.S. companies cannot afford to sit on the sidelines (from China) because they will be missing the largest growth market in the world, and distancing themselves from their most significant source of competition. And, there isn?t much time to make the entry decision as local Chinese players evolve into major producers, competing with global corporations who are already entrenched in China ( Executive Look To China ). The column also appeared in the Centre Daily Times . Read the column at http://www.smeal.psu.edu/news/releases/aug04/china.html .

Centre Daily Times , 8/17/2004— The Smeal College is mentioned in a story about Penn State's recognition in the latest Newsweek/Kaplan College Guide as the school that's "hottest for entrepreneurs." According to Tony Warren , director of Smeal's Farrell Center for Corporate Innovation and Entrepreneurship, Penn State's entrepreneurship program is one of the largest in the country, offering more than 50 courses. "We are teaching entrepreneurship in a new way," he says ( Newsweek Gives Penn State Top Grades In Entrepreneurship ). The story also appeared on the Web sites of the Bradenton Herald , The State , Tallahassee.com , Columbus Ledger-Enquirer , Monterey County Herald , Biloxi Sun Herald , Duluth News Tribune , Kansas City Star , San Luis Obispo Tribune , Charlotte Observer , Grand Forks Herald , Pioneer Press , San Jose Mercury News , Kentucky.com , Myrtle Beach Sun News , and Macon Telegraph . Visit the Farrell Center at http://www.smeal.psu.edu/fcfe/index.html .

Reuters , 8/14/2004— Timothy Pollock , associate professor of management, discusses Google's auction-based IPO. According to Pollock, investors who participate in auctions typically do not withdraw and submit bids multiple times since brokerage firms do not always allow that type of activity. "If you're submitting and withdrawing bids, they'll just not let you bid any more," he said, likening the process to how auctions work on eBay. "You have some early bids, you'll have a floor established, but you probably won't see much action until closer to the end of the auction period because then you'll have the most information" ( Google: Bid Now Or Later? ). The story appeared on CNN.com . For more on Pollock, visit http://php.smeal.psu.edu/smeal/dirbio/displayBio.php?t_user_id=txp14 .

Scripps Howard News Service , 8/13/2004— Albert Vicere , professor of strategic leadership, writes in his regular column that "for senior executives, execution no longer refers to a punishment or an untimely demise. It means the ability of an organization to deliver on its promises, to perform efficiently and profitably and to get results" ( Leadership Development And Learning Can Drive Performance ).

Centre Daily Times , 8/10/2004— Jack Stevens , new associate dean of undergraduate programs, is mentioned in a business brief about his new role. Stevens succeeds David Christy, who was appointed dean of the Orfalea College of Business at California Polytechnic State University ( Business People ). Read more about the Smeal undergraduate program at http://www.smeal.psu.edu/uprog/index.html .

Newhouse News Service , 8/9/2004— J. Edward Ketz , associate professor of accounting, discusses a bill scheduled to go before the Senate Banking Committee that would override the requirement by the Financial Accounting Standards Board for companies to report employee stock options as expenses on their financial reports. According to Ketz, the SEC has the authority to accept or reject the standards of the FASB, but it usually accepts them. The story appeared in The Seattle Times , the Newark Star-Ledger , and The Oregonian . For more on Ketz, visit http://php.smeal.psu.edu/smeal/dirbio/displayBio.php?t_user_id=k55 .

Centre Daily Times , 8/7/2004— The Smeal College is mentioned in a story about the $1 million gift from Peter J. and Sharon Cocoziello in support of the college's new building construction ( Couple Pledge $1 Million To Smeal College Building ). Read more about Smeal's home of the future at http://www.smeal.psu.edu/building/index.html .

Scripps Howard News Service , 8/6/2004— Judy Olian , dean of the Smeal College, discusses in her regular column the necessary responses of businesses when confronted with terrorist threats. "Companies must send two strong messages, and stick to them," she writes. "The first, and most important, is to go to all lengths to assure the well-being of people, to secure facilities, and to display visible signs of these increased measures. Any employee concerns should be heard and addressed. The second message should be a strong statement about business-as-usual. The organization?s top person should be the flag bearer, describing measures taken by the company and lending a calming influence to the message" ( When Terrorism Targets Business ). The column also appeared in the Centre Daily Times and Pittsburgh Post-Gazette . Read it at http://www.smeal.psu.edu/news/releases/aug04/terror.html .

The Wall Street Journal , 8/5/2004— Fariborz Ghadar , director of the Center for Global Business Studies, discusses the smoking industry's pending litigation
against an online cigarette shop called Yesmoke.com run out of a duty-free zone in the Swiss Alps. According to Ghadar, Philip Morris and New York City may have a hard time proving the company has broken U.S. laws. They "caused damage, but they didn't do it illegally" ( Duty-Free Site's Cigarette Sales Draw Scrutiny From Big Tobacco ). For more on Ghadar, visit http://php.smeal.psu.edu/smeal/dirbio/displayBio.php?t_user_id=fxg9 .

Pittsburgh Post-Gazette , 8/3/2004— Judy Olian , dean of the Smeal College, discusses in her regular column the emerging trend of transition services for displaced senior leaders. "Transition consultants spend a few days getting to know the executive, building a personal marketing plan, understanding personal interests, and identifying target opportunities," she writes. "They help put the right 'spin' on the CEO?s most recent involuntary departure, and create a concise message to market the strengths of the executive to CEO selection or board nomination committees" ( Helping Senior Executives Transition ... The Gentle Way ). Read the column at http://www.smeal.psu.edu/news/releases/jul04/transit.html .

Baltimore Sun , 8/2/2004— David Harrison , professor of management, discusses the use of flexible work schedules as a key recruiting tool. "Name me a big company, and I'll almost guarantee they're doing it now," he says ( Flexible Work Schedules Pay Off For Workers And Their Employers ). For more on Harrison, visit http://php.smeal.psu.edu/smeal/dirbio/displayBio.php?t_user_id=dah35 .

The New Yorker , 8/2/2004— Donald Hambrick , Smeal Chaired Professor of Management, and his study showing that CEOs who receive positive media coverage, are more likely to overpay for acquisitions, are mentioned in a story about the spending habits of corporations ( Cash Kills ). For more on Hambrick, visit http://php.smeal.psu.edu/smeal/dirbio/displayBio.php?t_user_id=dch14 .

Scripps Howard News Service , 8/1/2004— Albert Vicere , professor of strategic leadership, writes in his regular column that "In an increasingly global economy, companies that value diversity — especially among members of their leadership teams—are more likely to be successful than those who do not" ( Diverse Leadership Team Is Key Business Strategy ). The column also appeared in the Pittsburgh Post-Gazette . Read it at http://www.smeal.psu.edu/news/releases/aug04/oped.html .

SmartPros.com , August 2004— J. Edward Ketz , associate professor of accounting, writes in his regular column that "recently FASB has hinted that it might delay the proposal to expense stock options and might even study several additional models to value them. Unfortunately, the board has revealed that it doesn't understand politics" ( FASB, Say It Isn't So ).

Newsweek/Kaplan , August 2004— The Smeal College is recognized for the role it plays in earning Penn State the distinction of being the "hottest for entrepreneurs." "The Smeal College of Business and the College of Engineering ate the most natural partners," the guide says, "with joint programs to show engineers how to run businesses and to teach business students the latest technology ( America's 25 Hot Schools ).

August 2004

Media Coverage: August 2004

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