This Issue

Welcome to the Smeal Zine!

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.
 

See New Smeal Building On Web Site

The future home for Smeal can be previewed through the Smeal Web site. The $68 million, 210,000 square-foot building is designed by Robert A.M. Stern—among the most eminent architects in the world—and is scheduled for ground breaking in Fall 2003. Go to http://www.smeal.psu.edu/building/index.html.

Alternative View Of Media Rankings Of Business Schools

Since Business Week initiated the first ranking of business schools in 1988 (reportedly a best selling issue), many other media outlets have followed suit (e.g., U.S. News and World Report, Wall Street Journal, Economist, Financial Times, etc). Dennis Gioia, professor of organizational behavior at the Smeal College and Kevin Corley, assistant professor of organizational behavior, University of Illinois at Urbana-Champaign, explored the ramifications of measuring educational quality through media rankings, and the positive and negative consequences of rankings on the allocation of business school resources. Gioia and Corley warn of the rankings pull that may influence business schools to promote image over substance. The study, "Being Good Versus Looking Good: Business School Rankings and the Circean Transformation From Substance to Image," was published in the inaugural issue of Academy of Management Learning & Education, Sep. 2002, Vol. (1), p 107.

BusinessWeek Ranks MBA Program

Penn State's Smeal College of Business MBA Program was ranked among the top 50 MBA Programs in the U.S. according to the new BusinessWeek report, "2002 Rankings of The Best Business Schools," released on October 10, 2002. As in the 2000 ranking, Smeal College's MBA was listed among programs ranked 30 to 50. Smeal's MBA was ranked second for the fastest return on investment (ROI). Read more about this online at http://www.smeal.psu.edu/news/releases/oct02/ranking.html.

New Book On 21st Century Leadership Skills

What are the leadership skills needed for success in business organizations in the new century? Professor Albert A. Vicere of Penn State Executive Programs, answers this question in his new book, "The Many Facets of Leadership," co-edited with Marshal Goldsmith, Vijay Govindarajan, and Beverly Kaye. The book reflects the views of 40 leadership experts on strategies for leading marketing and R&D, developing the next generation of leadership, navigating during crises, and fostering flexible organizations.

Accounting Graduate Among Most Powerful Women In America

Fortune magazine has selected Patricia (Pat) Woertz, a 1974 Accounting graduate of Smeal College, as one of the "Most Powerful Women in America." Woertz, Executive Vice President of ChevronTexaco Corp., is ranked 8th among the 50 "Most Powerful Women in American Business," in Fortune's 2002 ranking. This is the fourth consecutive year Woertz has been recognized by the magazine. Woertz was the Smeal Alumni Fellow for 2002. Read more about this online at http://www.smeal.psu.edu/news/releases/oct02/woertz.html.

Smeal College Annual Report

The first Smeal Annual Report will be distributed to all Smeal alumni and corporate partners by Thanksgiving. The report highlights the Smeal vision, annual performance results for programs, faculty and research centers, and news about alumni and friends. Please provide feedback to the Smeal PR office at (814) 865-9356 or publicrelations@smeal.psu.edu.

Upcoming Networking Events In San Francisco And Los Angeles

Mr. Richard Levy ('79 Accounting), Senior Vice President and Controller at Wells Fargo & Company, will join Dean Judy Olian and Dr. Christopher von Schirach-Szmigiel, Associate Dean for Executive Programs at Penn State for a panel discussion on Corporate Leadership and Ethics: Restoring the Trust, Sunday, November 17, 4:30 p.m. at the Hyatt Regency San Francisco in San Francisco, CA. Please plan on getting together for an engaging discussion and opportunities to network with fellow alumni.

Dr. Thomas Clarke ('80, Ph.D. Biomechanics), President of New Business Ventures and board member of Nike, Inc. will be the featured panelist on Saturday, November 16, 2003, 6:00 p.m. at the Los Angeles Marriott Downtown. For more information see the Smeal events calendar at: http://events.smeal.psu.edu/cgi-bin/calendar.cgi?
Op=ShowIt&Amount=Month&NavType=Absolute&Type=Condensed&
CalendarName=Alumni

Media Round-Up

Members of the Smeal College faculty are contacted regularly by the world's news media. In October, faculty members appeared in Associated Press, Fortune, New York Times, Newsweek and USA TODAY. 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.

New Address?

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

If you are not currently receiving this magazine via email and would like to subscribe, go to the subscribe page.

If you wish not to receive this magazine, go to the unsubscribe link.