Fox School of Business Professor Dr. Ram Mudambi and his team of researchers received a prestigious grant from the National Science Foundation (NSF) to host the First International Business, Economic Geography and Innovation (iBEGIN) Conference at the Fox School. It was preceded by workshops in 2013 and 2014.
The two-day conference, held Nov. 13-14 at Fox’s Alter Hall, was sponsored by the NSF, with support from Temple’s Center for International Business Education and Research (CIBER) and the Fox School Institute for Global Management Studies. It was aimed, Mudambi said, toward using research from his team’s iBEGIN initiatives as the foundation for a long-lasting research community focused on the intersection of the three fields of international business, economic geography, and technology/innovation studies.
“In a very deep sense, all society is based upon human connections. We’re social animals,” said Mudambi, the Frank M. Speakman Professor of Strategic Management and Perelman Senior Research Fellow at Fox. “This conference applied that theory to the sphere, and business and economics. We developed the concept that the human experience is built on human socialization, and use it to understand how connections across space create value.”
The conference featured three keynote speakers, who addressed attendees Nov. 14 in an open-to-the-public setting. The keynotes included:
- Dr. John Cantwell, Rutgers University, Distinguished Professor of Management and Global Business, and editor-in-chief of the Journal of International Business Studies
- Dr. Harald Bathelt, University of Toronto, Canada Research Chair Professor in Innovation and Governance, and editor of Journal of Economic Geography
- Dr. Mark Lorenzen, Copenhagen Business School, Professor of Innovation and Organizational Economics, and Director of the Danish Research Unit of Industrial Dynamics (DRUID)
“These three keynote speakers have been great supporters of our iBEGIN work, and I could not have been more delighted to host them,” Mudambi said. “John is the editor of the top international business journal, Harald is the editor of the top economic geography journal, and Mark is the director of DRUID, one of the world’s largest research networks in innovation studies. To have them under one roof at one conference was a truly unique opportunity.”
The iBEGIN Conference is being promoted as part of GlobalPhilly 2015, a two-month international exposition, featuring events geared toward the promotion of international arts, commerce, education, heritage, and more in Philadelphia. Mudambi said papers were submitted to the conference from all over the world, including from: Denmark, France, Italy, Japan, Korea, Spain, Sweden, the United Kingdom, the United States government, the United States Federal Reserve, and more.
Mudambi’s ongoing iBEGIN initiative is a collaborative effort with professionals in centers around the world, including: Denmark’s Copenhagen Business School, Italy’s Politecnico di Milano and University of Venice Ca Foscari, the Indian School of Business, Henley Business School at the University of Reading (UK), and many others.
The next research project on the horizon for Mudambi and his globally dispersed research team involves battery power, a progression of yet another long-running iBEGIN segment on renewable energy and sustainability. The team has documented the important role that emerging economies like China and India are playing in the innovative landscape of the wind turbine industry, but batteries are the key to unlocking the potential of these renewable energy technologies.
“Batteries are the steam engine of our age,” Mudambi said. “We have ways to produce energy, but we have no way to harness it and store it. Today, if we had to run our planet on stored battery power, we could run perhaps 1 percent of our power applications. Imagine if you could run the whole planet on batteries. It’s a problem that, once solved, will revolutionize society.”
–Christopher A. Vito
Roughly 800,000 people flooded Philadelphia in late September for a visit from Pope Francis and the World Meeting of Families, a global gathering of Catholics.
So… now what?
An event jointly sponsored by Temple University’s School of Tourism and Hospitality Management (STHM) and Temple’s Center for International Business Education and Research (CIBER) considered that very question.
Gathering Philadelphia’s leading minds in tourism, international business, and government at its event, titled, “The World Meeting of Families is Gone: Now What?”, STHM and CIBER aimed to address how Philadelphia could leverage the international exposure and media focus it received from the World Meeting of Families in order to further its status as an elite host for future global events.
“This was our finest hour and it can be again,” said Pat Ciarrocchi, the event’s keynote speaker and a longtime Philadelphia news anchor who covered the World Meeting of Families.
“The World Meeting of Families brought Pope Francis to Philadelphia and, along with him, more than 15,000 reporters representing media outlets from around the world,” said Dr. Elizabeth H. Barber, STHM Associate Dean. “This event generated an unparalleled level of visibility to viewing audiences that wouldn’t have otherwise been exposed to what Philadelphia has to offer. In order to best capitalize on the tourism opportunity created by the World Meeting of Families, we as a city will need to maintain the open dialogue we’re initiating today through this event.”
In examining the future of a post-Pope Francis Philadelphia, Philadelphia Convention & Visitors Bureau (PHLCVB) CEO and President Jack Ferguson nodded to the efforts by Desiree Peterkin Bell, director of communications for the Office of Philadelphia Mayor Michael Nutter, the Mayor’s Office, and Visit Philadelphia in building upon the city’s strengths.
“We can dissect this forever, but what we will learn is what works,” Ferguson said.
In the days and weeks following the WMOF, Ferguson said he observed how the event boosted the reputation of the city’s businesses, for how well they worked with a large influx of tourist traffic. This positive interaction, Ferguson said, won over consumers.
To do that, Meryl Levitz said she designed a faith-based marketing strategy that invited those looking for love and family with the pope to experience it in Center City, too.
“We watched, we listened, and we helped tell Philadelphia’s story,” said Levitz, CEO and President of Visit Philadelphia of the campaign that featured local catholic organizations, bible studies and family-friendly events.
For Brian Said, executive director of the Tourism Division of PHLCVB, Bell’s efforts to remove the walls between the pope and those wishing to see him resonated with Philadelphia’s foreign visitors. Accessibility to Pope Francis, according to Said, was what put Philadelphia on the map as a global city that is welcoming to all.
“We cannot arm-wrestle New York, and we cannot arm wrestle D.C.,” he said. “We have to work together to show Philadelphia is both safe and fun.”
Zabeth Teelucksingh, executive director for Global Philadelphia, looks forward to that “next great event,” as Ferguson called it. Global Philadelphia works to show foreign travelers the city’s significance as a birthplace of democracy and innovation. Philadelphia has the potential to be the next World Heritage City, which Teelucksingh said is a highly marketable title in countries looking to experience a quintessentially America city. Should Philadelphia become the next World Heritage City, it will enjoy increased property value, stature and economic gains, Teelucksingh said.
All of the event’s panelists agreed that the city’s next steps must be geared toward reminding the world that Philadelphia has successfully managed a world-class event once, and is capable of doing so yet again.
“No one else could have been at the helm of this event,” Bell said. “We’ve done big events and we do big events well. We’re on the map.”
During a 20-year span, from 1994 to 2013, Chinese outbound tourism increased 16 fold, reaching 98.2 million.
A new book that details the latest trends in outbound travel from China has been published, with Dr. Xiang (Robert) Li of Temple University’s School of Tourism and Hospitality Management (STHM) serving as its editor.
Professor of Tourism and Hospitality Management at STHM, Li acted as the primary editor of the 23-chapter book, titled “Chinese Outbound Tourism 2.0.” The book, published in November 2015 by Apple Academic Press, melds the world’s leading authors and tourism experts to examine their research findings and offer insights on the blossoming Chinese outbound travel market and its tourists.
“Chinese outbound tourism is changing the world’s tourism landscape,” said Li, a Washburn Senior Research Fellow at Temple University. “We are witnessing one of the most spectacular phenomena in the modern tourism history unfold in front of us. It is exciting to study the Chinese outbound tourism. ”
“Chinese Outbound Tourism 2.0” appeals to a wide audience of academics, destination marketers, destination policymakers, tourism-industry professionals, and world travelers. The book offers a thorough examination of the fast-growing Chinese outbound tourist market, which as recently as 1994 registered only 6.1 million trips.
China is now the world’s largest tourism source market.
Chinese travelers in recent years have demonstrated a greater willingness to visit unfamiliar destinations, Li said, growing more value conscious and technologically savvy. This second wave of Chinese travelers is why he coined the term “Chinese Outbound Tourism 2.0.” He also points to Mercedes-Benz launching its premium travel service brand, called Mercedes-Benz Travel, in Shanghai; InterContinental Hotels Group designing the Hualuxe brand specifically for Chinese consumers; and China’s Wanda Hotels & Resorts building a 5-star hotel in London as further evidence to support the growth in Chinese outbound tourism.
“Any future historian looking back at when China began to dominate travel and tourism at home and abroad may well pinpoint 2014-15 as a turning point,” said David Scowsill, President and CEO of the World Travel & Tourism Council, who wrote the book’s foreword. “China will become increasingly central to our sector’s growth over the next decade. … We applaud Dr. Xiang (Robert) Li and his colleagues’ insightful discussion on the latest development and trends of Chinese outbound tourism.”
Li, whose research focuses mainly on international destination marketing and tourism behavior, is the author or co-author of more than 120 publications. Many of his publications have appeared in top-tier tourism, business, leisure and hospitality journals, such as theJournal of Tourism Research, Annals of Tourism Research, Tourism Management and Journal of Business Research.
He serves on the editorial boards of more than 10 journals and book series, including the Journal of Travel Research and Journal of Leisure Research. To date, he has been awarded over $1.25 million in research funding from numerous prestigious foundations, government agencies, destination marketing organizations and companies.
The International Business faculty at Temple University’s Fox School of Business have earned prominent national and global rankings for research output.
According to the University of Texas at Dallas’ Top 100 Business School Research Rankings, Fox School’s International Business faculty rank No. 3 in the United States and No. 6 in the world for research productivity for publications in the Journal of International Business Studies over a four-year period, from 2012-2015. Fox shared its global ranking with Australian National University, which received an identical score.
“This is a proud moment for the International Business faculty at the Fox School of Business,” said Dr. Arvind Parkhe, Chair of Fox’s Strategic Management department, which houses the International Business program. “International Business is one of Dean M. Moshe Porat’s strategic pillars and one of Fox’s historic core strengths. Exceptional, research-active faculty and doctoral students continue to add to our growing reputation as a leader in this area.”
UT Dallas has published its Top 100 Business School Research Rankings since 1990. The rankings assess research contributions based on publications in the world’s 24 leading academic journals and across all major business disciplines. Schools receive full-point scores for research papers produced by single authors, according to the ranking’s methodology, with schools receiving fractions of a point for papers that feature multiple authors.
This marks the second time that Fox’s International Business faculty have earned a top-5 ranking for research productivity. Previously, Asia Pacific Journal of Management has ranked the program No. 3 in the U.S. and No. 4 in the world for research output.
In September, U.S. News & World Report ranked the Fox School’s International Business undergraduate program among the nation’s top-15 such AACSB-accredited programs for the fourth consecutive year.
As soon as Philadelphia was announced as the home of the 2016 Democratic National Convention, faculty members in Temple’s School of Tourism and Hospitality Management (STHM) began making appearances in the regional media to share expertise and analysis.
STHM Associate Dean and Associate Professor Elizabeth H. Barber joined the Fox29 set near Independence Mall for an extended live conversation with anchor Lucy Noland about the convention. The cascading benefits to the city and the hospitality industry will extend far beyond economic opportunity, Barber said, noting that nearly 5,000 new jobs were created in Charlotte when that city hosted the 2012 Democratic National Convention.
“And when people come to Philadelphia and see what a wonderful city this is, they’ll tell their friends—and they’ll come back,” said Barber, who also spoke with NBC10 reporter Cydney Long in Mitten Hall.
CBS3 reporter David Spunt sat in on a class discussion about the convention and its impact on the hospitality industry led by STHM Assistant Professor Ira Rosen. Rosen also provided visitation projections to The Philadelphia Daily News, shared his thoughts on the next mayor’s role in the city’s ascent in the hospitality industry with WHYY/NewsWorks and discussed the social impact of the convention with The Delaware County Daily Times.
Rosen said that Philadelphia’s reputation for planning and executing blockbuster events, from the Made in America concerts to the Philadelphia Flower Show, has grown since 2000, when the city hosted the Republican National Convention.
“The RNC was a huge crapshoot. It was a big roll of the dice,” Rosen told WHYY/NewsWorks. “And the city has done great on every major event since.”
STHM Professor Wesley Roehl spoke with PhillyVoice.com—a new player in the Philadelphia media market—underscoring the 2000 convention’s role in setting the stage for 2016.
“There had been a lot of investment in the hotel sector and in Center City,” Roehl said. “The 2000 RNC was the city’s coming out party.”
Temple University’s Center for International Business Education (CIBE) has joined exclusive company.
Temple CIBE at the Fox School of Business is one of only 17 such centers in the country to have had its grant-renewal proposal approved for federal funding from the United States Department of Education. Temple is the only university in the Greater Philadelphia region and in Pennsylvania to have received funding for CIBE.
“This grant renewal demonstrates Temple University and the Fox School’s place among the country’s leading centers of international business,” said Rebecca Geffner, Director of Temple CIBE. “The education, outreach and research opportunities afforded by this grant are immeasurable.”
The international business institute is scheduled to receive federal funding for four more years. The grant, announced in September, allows for $250,000 annually. This represents the fourth such grant for Temple CIBE, a fixture at the university since its inception in 2002.
“Temple won the CIBE grant in the face of increased competition, and a shrinking government budget that saw the number of CIBE institutes cut from 33 to 17,” said Dr. Ram Mudambi, Executive Director and Principal Investigator of Temple CIBE. “This award is a testament to Temple’s excellent performance over the last three grant cycles, as well as a good current grant proposal.”
Temple CIBE has plans to implement more than 50 activities in areas such as the teaching of improved international business curriculum, critical language instruction, research in innovation, patents and new growth markets, study abroad, business outreach and partnerships with community colleges and minority serving institutions. All of the activities are designed to improve American competitiveness in the world marketplace and to produce globally competent students, faculty and staff.
“The renewal of this prestigious grant continues to affirm the Fox School’s vital role in producing cutting-edge international business research, promoting international ideas within our community and fostering worldwide learning among our students and faculty,” said Fox School Dean M. Moshe Porat. “Once again, the Fox School and Temple are being recognized as destinations for global engagement.”
The latest grant will help support expansion of short-term study abroad programming into parts of Asia including South Korea and Japan, where the Fox school currently has partnerships, as well as other emerging markets. Additionally, the grant will create opportunities for junior and senior faculty at Fox to enhance and expand their research within the international business field, either through international collaboration or travel. Finally, the Center will create knowledge in international business education through two main research initiatives: Temple Knowledge Maps, a project conducted by Dr. Ram Mudambi, which seeks to geographically map the locales of innovation around the world and the connectivity of global innovation networks; and Advancing U.S. Competitiveness in the Context of Emerging Innovation Models, spearheaded by Dr. Mitrabarun “MB” Sarkar, which studies how Western businesses shape their entry into emerging markets and how that entry in turn shapes them.
Grant renewal also will allow for continued external partnerships between Temple CIBE and the Philadelphia U.S. Export Assistance Center, the World Affairs Council of Philadelphia and the World Trade Center of Greater Philadelphia, among others, as well as with local community colleges.
“Our work with these and other partners in the region allows us to reach a large constituency to promote U.S. competitiveness overseas and international trade, to sponsor training programs on topics such as automated export compliance standards and intellectual property regulations and to develop impactful programming around current international business issues,” Geffner said, “This new round of CIBE funding will allow us to not only continue to foster those relationships, but expand upon them in even more meaningful ways.”
“The recent CIBE grant renewal for an additional four years both underscores and reflects Temple’s leadership in international business,” added Dr. Arvind Parkhe, Chair of Fox School’s Strategic Management department. “In international business research, teaching, external partnerships, and community impact, Temple continues to set the standard of excellence and innovation.”
Fox School’s EMBA program is ranked No. 2 nationally for international course experience by Financial Times, and U.S. News & World Report ranks Fox’s undergraduate program in international business No. 13 in the nation.
The Academy of International Business (AIB) held its annual global business conference in Vancouver, British Columbia from June 23-26, and a professor from Temple University’s Fox School of Business did not leave empty handed.
Dr. Amir Shoham, Associate Professor of Finance at the Fox School of Business, received the SSE/WAIB Award for Increased Gender Awareness in International Business Research in recognition of his research paper entitled, “Do Female/Male Distinctions in Language Influence Microfinance Outreach to Women?” The Stockholm School of Economics (SSE) and the Women in AIB (WAIB) sponsored the award.
Shoham set out to find a different solution for cultural dimensions than the commonly used survey-based measures. He studied the structure of languages in general and gender marking, particularly in grammar.
“Today’s research that is conducted is mostly survey-based and it’s extremely problematic,” said Shoham. “I wanted to find an alternate way and did so based on language that focused on culture and gender.”
Shoham also collected data based off financial records released from Microfinance Organizations (MFOs) in various countries around the world. MFOs provide financial services to individuals or small businesses in low-income areas, where traditional banking is a scarce resource.
In conjunction with his three co-authors – Estefania Santacreu-Vasut, of France’s ESSEC Business School; Isreal Drori, of the College of Management and Academic Studies in Israel; and Ronny Manos, of Cranfield University in the United Kingdom – Shoham discovered that language influences hybrid organizations’ management of its dual missions.
“The empirical evidence from MFOs’ outreach strategy toward females helped to analyze whether language’s influence depends on MFOs’ profit orientation and the consequences this has for whether there is a tradeoff between outreach and sustainability or whether they are compatible,” said Shoham. “The main finding is that the sustainability and outreach tradeoffs depend on how organizations treat societal attributes when defining their outreach strategy.”
Nonprofit MFOs define a universal mission of outreach that does not selectively interact with social attributes, Shoham said. For-profit MFOs build outreach strategies that target female borrowers. This occurs more frequently, he said, in countries where gender roles are unfavorable toward women.
The SSE/WAIB award is extremely selective, so much so that the award was not bestowed upon anyone in 2013. When their names were announced, Shoham and his co-authors were proud to know that their hard work had paid off.
“When your work is recognized,” he said, “it’s a great feeling.”
Ash Vasudevan, PhD ’96, describes himself as being driven to make a difference and drawn to the unknown.
Case in point: He co-founded a nationwide talent search in India to find the next big-league-caliber baseball pitcher in a country where cricket dominates sports. Launched in 2007, that reality TV competition spanned a dozen cities and attracted 35,000 participants.
The theory behind the competition is that innate athletic ability can be applied across sports requiring similar skills, such as from cricket to baseball. It culminated in 18-year-olds Rinku Singh and Dinesh Kumar Patel—javelin throwers who disliked cricket and had never heard of baseball—becoming the first Indians to sign professional sports contracts in North America (both with the Pittsburgh Pirates).
By now the story might sound familiar. Disney’s Million Dollar Arm—based on the competition of the same name—premieres nationally May 16 with Vasudevan being played by Aasif Mandvi of The Daily with Jon Stewart.
The movie chronicles the first season of Million Dollar Arm, which Vasudevan launched with sports agent JB Bernstein (portrayed by Jon Hamm) and Will Chang, who has ownership stakes in a number of professional teams, including the San Francisco Giants and the D.C. United. Vasudevan, who co-founded Seven Figures Management with Bernstein and Chang, is managing general partner of San Mateo, Calif.–based Edge Holdings, which creates and funds ventures in technology, media and entertainment.
“Life really would be boring if you didn’t take risks,” Vasudevan said of his business philosophy. “I’m drawn to the uncertainty. It’s the tried-and-true methods I don’t find particularly appealing. I like trying something nobody has tried before.”
Vasudevan has been involved in ventures ranging from reQall, a global business focusing on personal-assistance technology, to Gigante, a documentary about Major League Baseball player Andres Torres, who has attention deficit hyperactivity disorder.
Going to India to find a star pitcher did not resonate with many of Vasudevan’s friends. Some suggested he and his colleagues should recruit in markets such as Japan or South America, which have produced numerous big leaguers, but Vasudevan countered that established scouting systems in those markets are much more likely to identify premier talent, leaving fewer gunslingers available to compete for reality TV.
Production of Season 3 of Million Dollar Arm is expected to start in the fall. Before that, of course, Vasudevan and colleagues will experience what it is like to inspire a feature film and to be portrayed in a movie shown around the world.
“The first time I watched myself on the screen, it was weird,” Vasudevan said of Mandvi’s performance. “To see Jon Hamm addressing my character, and reliving some of those conversations, is a lot of fun. We never imagined we would have such a wonderful global platform to tell our story.”