This Issue

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Here's the latest issue of SMEAL Zine, a monthly electronic magazine designed to keep alumni and friends in touch with the latest news and information from Penn State's Smeal College of Business' nationally ranked programs and world-renowned research centers.
 

Smeal MBA Students Invest In 'Schoolwires'

Following exhaustive due-diligence research, Smeal MBA students voted to invest $50,000 from the Garber Venture Capital Fund into Schoolwires, an educational technology company based in State College. The Garber Fund is managed by MBA students with an objective of researching investment opportunities, determining valuation, and voting as a group on whether to invest funds in selected companies. This represents the second investment decision since the fund was established in 1999. Read more about the Schoolwires investment at http://www.smeal.psu.edu/news/releases/feb03/wires.html.

Smeal Professors Honored

Austin J. Jaffe, the Philip H. Sieg Professor of Business Administration, Director of International Programs, and Director of the Institute for Real Estate Studies, was recently chosen as the recipient of the 2002 George Bloom Lifetime Achievement Award from the American Real Estate and Urban Economics Association. The award noted Jaffe's contributions in the areas of real estate research, professional service, and international conference development. Read more about Jaffe's award at http://www.smeal.psu.edu/news/releases/feb03/jaffe.html.

Albert A. Vicere, Executive Education Professor of Strategic Leadership, has been awarded the 2003 Walker Prize by the Human Resource Planning Society for his article "Leadership & The Networked Economy," which outlined necessary traits for effective leaders in the new economic environment. Read Vicere's award-winning paper at http://www.vicere.com/LeadinNetEcon.pdf (.pdf 88Kb)*Acrobat

Ethical Executive Leadership Study Points To Value Of Communication

To be perceived as ethical leaders within their organizations, and to avoid being labeled "unethical" or "ethically neutral," corporate executives must expand the channels of communication between the executive suite and the general employee population, according to a recently published study led by Linda Klebe Treviño, Professor of Organizational Behavior and Chair of Smeal's Department of Management and Organization. The study was published in the journal Human Relations. Read more at http://www.smeal.psu.edu/news/releases/feb03/ethical.html.

Smeal Students Take Top Prizes At Case Competitions

Six students in the Smeal MBA Program recently took top honors at the 2003 International Graduate Logistics Case Competition in Chicago. The team of Fred Bedore, Chris Garbarino, Rich Herman, Ken Rule, Andres Ken Shuyama, and Georgeann Tynyk finished ahead of the second-place team from Technological University of Darmstadt (Germany). The University of Maryland and the University of Wisconsin-Madison tied for third in the two-day competition. Read more about the event at http://www.smeal.psu.edu/news/releases/feb03/win.html.

A team of four Smeal undergraduate students—Jeff Drobish, Joel Frisch, Heather McGinnis, and Andrew Shingle—recently won the University of Southern California’s Marshall International Case Competition, finishing ahead of 19 other schools from 13 countries and four continents. The University of Texas at Austin, Denmark’s Copenhagen Business School, and Indiana University finished second, third and fourth, respectively. Read more about the undergraduate case competition at http://www.smeal.psu.edu/news/releases/feb03/comp.html.

Farrell Center Wins Kauffman Grant To Expand Entrepreneurship Education

The Farrell Center for Corporate Innovation and Entrepreneurship has been awarded a $50,000 grant from the Ewing Marion Kauffman Foundation for development of a new technology-enhanced learning platform to teach entrepreneurship to a broader student population. The initiative will increase by at least 500 percent the number of students participating in entrepreneurship education at Smeal. Read more about the grant at http://www.smeal.psu.edu/news/releases/feb03/grant.html.

View 'Melvin Jacobs Lecture' Highlights

Allen Questrom, Chairman and CEO of JCPenney, presented the third "Melvin Jacobs Retail Leadership Lecture" in February. Access video highlights of his presentation at http://www.smeal.psu.edu/news/lecture/jacobs/questrom/index.html.

CGBS Names Four to Advisory Board

Four executives have been appointed to the Advisory Board for Smeal's Center for Global Business Studies. Robert J. Joyce, CEO of Westfield Group; Laura Kohler, Head of Human Resources of Kohler Company; Yoon-Shik Park, a member of the Samsung Group's Board of Directors, and James A. Thomsen, Senior Vice President of Field Distribution for Thrivent Financial, were named to the Advisory Board. For more information about the Center for Global Business Studies, visit http://www.smeal.psu.edu/cgbs/index.html.

ISBM Conference Redefines Marketing For Connected World

Keynote speaker Regis McKenna, Chairman of the McKenna Group and noted marketing guru, recently suggested that the fundamentals of marketing are changing as the world becomes more connected. According to McKenna, a new definition of marketing requires organizations to invest in a process of continuous learning through customer interaction, which will in turn prompt greater innovation, adaptation and reliability. Read more about the ISBM event at http://www.smeal.psu.edu/news/releases/feb03/isbm.html.

Media Round-Up

Members of the Smeal College faculty are contacted regularly by the world's news media. In February, faculty members appeared in media outlets such as the Chicago Tribune, San Francisco Chronicle, and Marketing News, among others. Please visit http://www.smeal.psu.edu/news/innews/index.html to see a summary of these stories.

Class Notes & Events

For information on your classmates and other Smeal alumni, visit Class Notes at www.smeal.psu.edu/alumni/classnotes.html. You can receive regular updates on events by completing the "Alumni Information Form" found online at http://java.smeal.psu.edu/jsp/alumni/info.jsp.

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Change your address, phone and other information at www.alumni.psu.edu/membership/address/default.htm.

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