Latest News: October 2005

Lusht Appointed Interim Dean Of Smeal

Kenneth M. Lusht, professor of business administration, Zimmerman Homes University Endowed Fellow in Business Administration, and chairman of the Department of Insurance and Real Estate, has been named interim dean of the Smeal College of Business, effective Jan. 1, 2006.

American Apparel VP And Workers To Speak At Shoemaker Ethics Lecture

Marty Bailey, vice president of operations for American Apparel, and three of his colleagues will deliver this year's G. Albert Shoemaker Lecture in Business Ethics at the Smeal College of Business at 4:30 p.m. on Nov. 3. American Apparel is a clothing manufacturer and retailer that houses all aspects of its production—from sewing to marketing—under one roof. This consolidation enables the company to keep its products affordable and provide its employees with industry-leading salaries and benefits.

Smeal's Farrell Center Welcomes New Research Director

Raghu Garud has joined Penn State's Smeal College of Business as professor of management and research director of the Farrell Center for Corporate Innovation and Entrepreneurship. Garud was previously at the Leonard N. Stern School of Business at New York University, where he studied how innovation unfolds within and across firms.

Brandweek Names Smeal Alumnus 'Grand Marketer Of The Year'

Jim Stengel, global marketing officer for Proctor & Gamble and a 1983 graduate of the Smeal MBA program, was named the 2005 Grand Marketer of the Year by Brandweek magazine this month. Stengel was honored for his consumer-centered marketing approach that is credited with reviving some of Proctor & Gamble's biggest brands.

Smeal Team Earns Third Place In MBA Case Competition

A team of second-year MBA students from Penn State's Smeal College of Business placed third in the National Black MBA Association (NBMBAA) Case Competition at the organization's 27th annual conference in San Diego this month.

Politics Prevail Over Accounting Data In Government Financial Decisions

A new research paper from Penn State's Smeal College of Business contends that philosophical, political, and emotional factors play a larger role than hard financial statistics in federal-government decisions to intervene in the private sector.

BusinessWeek: Top Ten Ranking For Penn State Executive Programs

BusinessWeek magazine has ranked the Penn State Executive Programs at the Smeal College of Business among the top ten best custom programs in the world. Penn State's program ranked eighth in the custom category and is the third-ranked custom program among public universities.

Smeal MBA Students Raise Five Times Hurricane Relief Goal

The MBA Association at Penn State's Smeal College of Business plans to submit a check earmarked for Hurricane Katrina relief to the Centre Communities Chapter of the American Red Cross for $5,184.08—more than five times their original fund-raising goal of $1,000.

Smeal's Farrell Center Wins NASDAQ Entrepreneurship Award

The Farrell Center for Corporate Innovation and Entrepreneurship at Penn State's Smeal College of Business has received the NASDAQ 2005 Center of Entrepreneurial Excellence award through a unanimous vote of peers. NASDAQ and the National Consortium of Entrepreneurship Centers (NCEC) established the award in 2000 to recognize organizations that have made the greatest contributions in the advancement of entrepreneurship through academic and research excellence.

Penn State, Gallup To Host Forum On Driving Business Growth

Penn State's Smeal College of Business brings its executive education program to Washington, D.C. for the first time on Oct. 26 as it partners with The Gallup Organization to host an invitiation-only forum on fostering business growth in today's economy. Gallup CEO Jim Clifton will open the program, which includes Albert Vicere, professor of strategic leadership at Smeal, and Yoon S. Park, professor of international finance at George Washington University.

Smeal And IBM Partner To Unveil New Supply Chain Research Lab

The Smeal College of Business at Penn State University will team with IBM on Oct. 28 to open the new Supply Chain Laboratory, which is being relocated to Smeal's new Business Building on the University Park campus. A Shared University Research (SUR) award from IBM provided Smeal with IBM software, server and storage technology to create the initial On-Demand Supply Chain Research Laboratory in the fall of 2003. The new lab is outfitted with additional IBM hardware, and will double as a classroom for Smeal students.

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