Wednesday, August 25, 2010

Media Contact: Brandon Lausch, 215-204-4115, blausch@temple.edu

In the fast-paced world of business, knowledge is power. This year, the Fox School’s Department of Accounting is offering a full week of events to help students stay abreast of changes in the accounting industry and to prepare for a successful and engaging academic year.

The department’s inaugural Accounting Week will be held Sept. 13 through Sept. 17 in Alter Hall and will feature information sessions on the new Master of Accountancy (MAcc) Program, internship and career opportunities, student professional organizations, and a discussion about new regulations for Certified Public Accountant (CPA) licensure in Pennsylvania. Events are open to all undergraduates.

“We will present a wide number of topics to assist our accounting majors plan their individual college program to achieve their goals and ultimately get a job in the profession,” said Sheri Risler, professor of accounting practice and MAcc director.

Participants will have opportunities to network with accounting faculty at a “Meet and Greet” on Thursday Sept. 16. Recruiters from firms in the Philadelphia area will be on campus in the Undergraduate Commons throughout the week to educate Fox School students about opportunities in their firms. Students who have recently completed summer internships will also be available to discuss their experiences. The week will conclude with a special presentation by representatives from a local review course on the newest rules and regulations for the CPA exam.

ACCOUNTING WEEK
Monday, September 13 – Friday, September 17

MON.
Sept. 13th
12:00-1:00p.m.
Alter Hall Auditorium
(Alter 031)
Information Session – New Master of Accountancy Program (MAcc) and the “150-hour” requirement for CPA license in Pennsylvania
TUES.
Sept. 14th
10:00a.m. & 2:00p.m.
CSPD Conference Room
(Alter 131)
CSPD Information Session – How to prepare for the September 23rd, 2010 Senior Reception & Accounting Internship Reception
WED.
Sept. 15th
12:00-1:00p.m.
Alter Hall Auditorium
(Alter 031)
Q&A Session with students who had Accounting Internships during Summer/Winter 2010
[Information Booths – Accounting SPOs]
THURS.
Sept. 16th
1:30-3:30p.m.
Undergraduate Commons LoungeMeet and Greet the Department of Accounting Faculty and SPO Leaders
FRI.
Sept. 17th
12:00-1:00p.m.
CSPD Conference Room
(Alter 031)
CPA Exam Information Session – Philadelphia CPA Review Presentation with Liz Kohlar
(Sponsored by Beta Alpha Psi)

Wednesday, August 25, 2010

Media Contact: Brandon Lausch, 215-204-4115, blausch@temple.edu

Current and prospective veterans enrolled at Temple can now benefit from the university’s participation in the Yellow Ribbon GI Education Enhancement Program, an initiative spearheaded by representatives from the Fox School of Business and the Temple University Veterans Task Force Committee.

Debbie Campbell, Fox School senior assistant dean for undergraduate programs, and William Black, Temple’s senior vice provost for enrollment management, among others, worked together to gain approval of the program, which will allow Temple’s individual schools and colleges to make up the difference in tuition costs for veteran students covered by the Post-9/11 GI Bill.

“Temple’s involvement in the Yellow Ribbon Program makes it much easier for veterans to apply and get their money,” Campbell said. “They need our support. Now that they’re back, it’s important that we make this easy for them.”

How the program works

The U.S. Department of Veterans Affairs will give undergraduate veteran students who qualify for the Post-9/11 GI Bill at the maximum benefit rate as much aid as the highest in-state undergraduate tuition cost at a public university, which is $14,412 per academic year for Pennsylvanians.

Since Temple’s tuition costs less than that, tuition is fully covered for in-state undergraduate students. The program also provides a monthly housing stipend and grants up to a $1,000 allowance for books and supplies. Graduate students and out-of-state undergraduates may incur more costs than what the Post-9/11 GI Bill covers.

By participating in the Yellow Ribbon Program, Temple schools and colleges will now help veteran students cover those extra costs. The program will cover the entire cost difference for all undergraduate students, and graduate students may take advantage of a limited number of scholarships based on their respective academic program.

The Fox School MBA program is offering the most financial aid of any school or college with five $3,450 scholarships. The benefit is payable for up to 36 months.

How to obtain benefits

To qualify for Yellow Ribbon Program benefits, veteran students must also qualify for the maximum benefit rate (100 percent) of Post-9/11 GI Bill benefits. Graduate students should also contact their individual schools and colleges to verify there are Yellow Ribbon Program scholarships available.

For more information on the Yellow Ribbon Program, the Post-9/11 GI Bill and whether you qualify for benefits, visit www.gibill.va.gov/resources/student-handouts or contact Laura Reddick, assistant director of undergraduate admissions and veteran affairs representative, at laura.reddick@temple.edu.

For detailed Yellow Ribbon Program information in Pennsylvania for 2010-2011, visitwww.gibill.va.gov/GI_Bill_Info/CH33/YRP/2010/states/pa.htm.

– Maria Zankey

Thursday, Aug. 19, 2010
Media Contact: Brandon Lausch, 215-204-4115, blausch@temple.edu

Make a human pyramid in front of the Liberty Bell. Collect two business cards from Philadelphia bankers. Shake hands with an elected official.

Those were just a few of the quirky tasks new Fox School of Business MBA and International MBA students had to cross off their lists during a city-wide scavenger hunt Aug. 12.

As the morning rain cleared, 55 students hit the streets of Philadelphia with maps and clues in tow, aiming to accomplish as many of their 30 tasks as possible in three hours.

“There are a lot of purposes to the scavenger hunt – team-building, being able to accomplish goals as a group, as well as having fun and seeing new parts of Philadelphia,” said Kimberly Mendicino, associate director of full-time MBA programs. “We hope they’ll implement a strategy as they would in the workplace.”

Designed to introduce students to the city and each other, the scavenger hunt required group members to take pictures with objects, buildings or landmarks in six categories – Temple University, history, business, art, international and random.

Because less than half of this year’s students are from the Philadelphia area, many students found it advantageous to research the locations of certain clues on the go using their smart phones.

One group, Team Blue Two – named for their group number and T-shirt color – developed a plan before rushing outside.

“We bordered off the city and assigned letters to each section,” MBA student Gerard Callan said. “Instead of going by the clue categories, we’re going by different sections of the city.”

Team Blue Two explored Alter Hall first, getting snapshots with a copy of the Philadelphia Business Journaland the flag of India.

Next was a sprint across campus in search of a soft pretzel, the Founder’s Garden and the TECH Center.

They strategized and delegated tasks as they headed to Center City on the Broad Street Line subway to get photos by an IHOP, a cheese shop at Reading Terminal Market and the LOVE statue.

All of the groups ended the hunt at 5 p.m. at the Temple University Center City campus.

The activity was part of a monthlong MBA Essentials orientation program for new students. Valerie Henry, director of working professional programs, helped to design the orientation, which included workshops and events centered around engagement, leadership, team development, academic integrity and career development. A day of community service, the scavenger hunt and a weekend retreat at Stony Acres in the Poconos were all part of the Passport to Leadership series within MBA Essentials.

The scavenger hunt winners – Padmini Menu, Cassandra Wiese, Guarav Mandore, Jonathan David and Ryan Taylor – were announced during a campfire at Stony Acres.

Although his group didn’t nab the top prize, Callan said the scavenger hunt fostered foresight, planning, communication, prioritization and information gathering – all skills he can use in business.

“So far I think the MBA orientation experience, while at times intense, has been extremely valuable,” he said.

– Julie Achilles

Tuesday, Aug. 10, 2010

Media Contact: Brandon Lausch, 215-204-4115, blausch@temple.edu

In early August, the Fox School of Business and the Big Talker 1210 AM presented a panel discussion to examine the many roles and responsibilities of the U.S. Securities and Exchange Commission (SEC).

The panel of experts included Lori Schock, national director of the SEC’s Office of Investor Education and Advocacy; Daniel Hawke, national unit chief of the SEC Division of Enforcement’s Market Abuse Unit and director of the SEC’s Philadelphia Regional Office; and Dr. Eric Press, chair of the Fox School’s Department of Accounting and a former member of the SEC Regulations Committee of the American Institute of Certified Public Accountants.

The Aug. 5 talk, moderated by Big Money host and Fox School graduate Steve Cordasco, was recorded live and scheduled to be excerpted on Cordasco’s show as part of the radio station’s ongoing Financial Literacy Series.

Listeners gathered in Alter Hall’s undergraduate commons to learn about what the SEC does and how it educates and protects investors. The discussion was held in a town hall format, and panelists answered audience questions ranging in topic from risk-free retirement to recent financial reform.

Schock said the SEC’s mission is to protect investors, maintain fair and orderly markets and facilitate capital formation, among many other duties.

“Risk can come in many different forms,” she said, explaining that the most common victims of investment fraud are men within the age range of 55 to 65. “The best thing you can do is ask and check.”

Schock offered SEC resources, websites and databases for verifying information, checking product licenses or soliciting the status of brokers.

Hawke briefed the audience on how the SEC is protecting investors and regaining public confidence in light of the recent Goldman Sachs scandal that led to a $550 million settlement.

In addition to the creation of the new Division of Risk, Strategy and Financial Innovation, Hawke said the SEC Division of Enforcement is working closely with the U.S. Department of Justice and is “building a better mousetrap” to crack down on fraud. Modern computer systems, for example, are using pattern analysis to better detect unlawful trade.

“It doesn’t matter where you sit in the market, if you violate the law, we are going to be there and we are going to hold you accountable,” Hawke said.

– Julie Achilles

Tuesday, Aug. 10, 2010

Media Contact: Brandon Lausch, 215-204-4115, blausch@temple.edu

Where one might see a closet stuffed with mismatched clothes, Jimmy Lam sees a business opportunity.

Lam is one of five Philadelphia high school founders of I.D.K., a fictional company – at least for now – that offers a $2.99 application for smart phones so users can index their clothing and then mix and match with the touch of a screen.

Lam and his business partners presented their entrepreneurial venture on Aug. 4 to a panel of Fox faculty judges during the culmination of a summer program between the Fox School of Business and Philadelphia Futures.

Now in its second year at Fox’s Alter Hall, 35 rising juniors from city high schools gathered for four weeks to learn about entrepreneurship and to conduct research for their own business ideas.

Supervised by Associate Finance Professor Jonathan Scott, who serves as academic director of the Fox Honors Program, the students spent about a third of their time in the technology-rich Capital Markets Room researching competitors, scouting rental rates, forecasting revenues and analyzing start-up costs.

The seven student teams also studied unmet needs in their target markets, budgeted for advertising and devised taglines to help sell their businesses. I.D.K., for example, stands for “I Don’t Know.” The company’s tagline: “Because life is complicated enough!”

Other ventures included a fashion boutique, hair studios, a guitar store, a day care and a pizzeria.

The Fox School’s partnership with Philadelphia Futures is the first business component in the nonprofit’s year-round curriculum, said Nada V. Stevens, the organization’s academic director. Philadelphia Futures prepares city students from low-income families to pursue higher education through mentoring, academic enrichment and other programs.

“This program is part of our core urban mission, and it allows us to reach out and share our unique business expertise and network,” Scott said. “The opportunity to partner with Philadelphia Futures is an ideal way to expose these students to an opportunity they might not otherwise get, as well as acquaint them with Temple and the Fox School.”

Naima Bell, a junior at Paul Robeson High School for Human Services, said the program introduced her to new technology and showed her that “entrepreneurship is a business, but it’s also fun to do.”

– Brandon Lausch

Friday, July 30, 2010

Media Contact: Brandon Lausch, 215-204-4115, blausch@temple.edu

Now more than ever, sustainability is becoming an integral part of leading corporations and institutions – and the Fox School of Business at Temple University is no exception.

Recently, the Fox School formed a Sustainability Network of more than 30 faculty and staff interested in promoting and incorporating sustainability into every aspect of life at the Fox School. A growing number of Fox’s faculty members are involved in sustainability research and teaching. Here, we take a closer look at what they are doing in and out of the classroom to learn more about the future of sustainable business.

Dr. Fred Murphy, professor of marketing and supply chain management

As an expert in the national energy sector, can you give an overview of how sustainability will impact industries that are energy consuming or producing?

Sustainability per se will have no impact. What does is ongoing technology change and high prices. Even over the period of low prices in the 1990s and early 2000s, the Energy Information Administration forecasts from 20 years earlier overestimated demand by roughly 25 percent. The lower demand was due to ongoing technology improvements, mainly in sensor and information technologies and product redesign. The DoE [Department of Energy] research efforts have borne little fruit and have been a bad investment.

High prices reduce the demand for energy services. The huge increases in efficiency in the internal combustion engine over the last 30 years went into greater horsepower at the same mpg. The current high prices have moved the market to greater mpg than horsepower. Increased efficiency leads to greater consumption of energy services until prices rise.

How are your special topics courses in energy industries, markets, institutions and policies preparing Fox’s students for work in a sustainable world?

They will see the emerging trends in energy markets and understand the politics of energy and the environment. This will give them a greater appreciation of where the opportunities are. For example, higher prices will shift the economic balance toward cities and away from suburbs, and urban real estate will perform better than suburban for the first time in many decades.

Dr. Lynne Andersson, associate professor of human resource management

Can you explain your role in promoting sustainable business on a global scale?

This year, I am the chair of the Organizations & the Natural Environment Division of the Academy of Management. We’re a subgroup of Global Management faculty who are interested in bridging business and sustainability in terms of scholarship, outreach and academic-private-public-sector collaborations. We’re the primary scholarly organization for academics who study corporate sustainability.

As per your course on corporate sustainability at the Fox School, how can companies successfully integrate sustainability practices into corporate culture?

It’s definitely a challenge. Companies have to address culture at all of its levels: the artifacts and behaviors (e.g., perks for sustainable behavior) that employees can see and experience within the company, the values (e.g., long-term thinking) that underlie these artifacts and behaviors, and the basic assumptions (“sustainability is good”) held by the top managers. Often, corporations merely address the first without challenging basic assumptions and promoting alternative values underneath the facade of external symbols of green.

Dr. Neeraj Bharadwaj, assistant professor of marketing and supply chain management

Can you give us some examples of successful brand marketing in a sustainable world?

Procter and Gamble (P&G) has an illustrious history of creating successful brands – take, for instance, Dawn. Its tagline “cuts through grease,” which has long been featured in their advertising, has served as a meaningful basis for differentiating the brand apart from other dishwashing soaps. P&G has undertaken some interesting sustainability initiatives to augment the pre-existing brand associations about Dawn.

Many people are quite familiar with the firm’s efforts to help protect wildlife and promote biodiversity. During the Exxon Valdez oil spill, ads and news stories featured rescue stations that had been set up to help birds and other wildlife that had become trapped in the sludge. To do its part with the current British Petroleum Gulf oil spill, P&G just sent 1,000 bottles of Dawn to wildlife rescue centers in Louisiana and Alabama. We have already started to see images of sludge-covered wildlife being cleaned off in large tubs filled with a solution consisting of clean water and Dawn dishwashing soap.

What are some effective ways that companies can capitalize on this?

Firms interested in incorporating sustainability should think about the implications of their potential environmental and/or social initiatives on existing corporate and/or individual brands. If an initiative can augment the existing associations that people possess about a firm and/or its brand in a meaningful manner, then it can potentially result in more people wanting to buy a firm’s goods and services and pay a higher price for them.

Think, for instance, about Gap’s participation in the Red campaign, in which some of the proceeds went toward AIDS prevention and treatment in South Africa. Customers were willing to pay significantly more for one of those T-shirts. If, on the other hand, there is no logical connection between the initiative and the underlying firm and/or brand strategy, then the initiative may go unnoticed. Even worse, it may come across as disingenuous, and thereby negatively impact customers’ desire to do business with the firm.

Businesses – be they small entrepreneurial ventures or large global firms – have a tremendous opportunity to develop solutions to address the myriad of problems facing society today. If their sustainability initiatives are thoughtfully undertaken, they can potentially result in a win for both business and society. That would be a good thing.

Julie Fesenmaier, associate director for research, Cochran Center for Research and Doctoral Programs: Strategy Initiatives

Why is sustainability important to integrate into the curriculum at Fox?

Sustainability is one of these unstoppable trends that is going to change the way we do business – and it’s going to change it for the better. Sustainability allows us to do better business and create a better world.

We’ve reached this tipping point. Sustainability themes spoke to students way before it spoke to the faculty. At the same time, when you look at the business world, all these businesses are investing into corporate social responsibility and environmental sustainable business practice. So we are in a position where our students are demanding it, businesses are practicing it, and now is time for the Fox School to be even more proactive. It’s our time.

Do you think a sustainable curriculum will give Fox students a competitive advantage in the job market?

Definitely. If you don’t have an understanding of how sustainability is good business practice, of how you incorporate it into everyday business practice – whether it is in personnel, marketing or any other strategic decision along a business value chain – then your business is not going to be competitive. It’s the way business is being done now.

Soon, I hope teaching sustainable business practice is not going to be taught in the “special” curriculum anymore. It will be an accepted practice that we will teach across the curricula – because that is how you do business.

Is curriculum development one of the most important aspects of the Fox Sustainability Network?

It is an important input into the overall picture, and for the faculty and staff of the Fox Sustainability Network, it is fundamental. We believe that is the combination of classroom focus, faculty research and student outreach experiences will make for a meaningful educational experience. When faculty enrich the classroom experience with research and practical skill, that will expand the knowledge we bring to our students. Ultimately, our classroom is only as rich as what our faculty bring to it. We need to explore ways to engage even more faculty in research and in creating those extraordinary student experiences.

The members of the Fox Sustainability Network can contribute in all of these ways – through teaching, making their research relevant and by working closely with students to practice what we learn in the classroom.

– Julie Achilles

Friday, July 30, 2010

Media Contact: Brandon Lausch, 215-204-4115, blausch@temple.edu

Earlier this year, 122 students in 13 teams from seven different student professional organizations (SPOs) represented the Fox School of Business at the 2010 Temple University Relay For Life.

The strong participation among Fox students amounted to more than $3,000 in donations to benefit the American Cancer Society and, for participant Annie Brady, one “really awesome” night.

“It is a really fun event because it is sort of like a lock-in you go to as a kid – friends, UNO, music, dancing and entertainment. My friends and I enjoyed the dancing laps around the pavilion,” said Brady, whose involvement with the Business Honors Student Association (BHSA) brought her to the event, held inside the Student Pavilion at 1501 N. 19th St.

The March 26-27 overnight event has raised $52,000 for the American Cancer Society, surpassing its goal already by $2,000. Fundraising for the event officially ends in August.

Of the $52,000 raised, $3,017 came from Fox SPOs, which, in addition to the BHSA, included: the National Association of Black Accountants, Beta Alpha Psi, the International Business Association, the Society for Human Resource Management, the Financial Management Association and Phi Alpha Delta.

Student-participants from Fox SPOs made up nearly 11 percent of the event’s 1,124 total participants.

Fox Director of Undergraduate Enrollment Management David Kaiser said Relay For Life helps instill two important qualities in Fox students – professional development and community service.

As the adviser to the university-wide student organization College Against Cancer, which organizes the yearly event, Kaiser played an active role in planning and executing the fundraiser. But Kaiser said it’s the students who “did the bulk of the work” in making this year’s Relay For Life a successful one.

“We want to do more next year, of course,” Kaiser said. “But we definitely had a good year.”

Fox SPO fundraising totals:
Business Honors Student Association – $1,260
National Association of Black Accountants – $541
Beta Alpha Psi – $390
International Business Association – $320
Society for Human Resource Management – $280
Financial Management Association – $196
Phi Alpha Delta – $30

– Chelsea Calhoun

Fox School of Business students continue to impact the community by utilizing their skills and knowledge from the classroom to reach out to residents in need. Two student professional organizations, Beta Alpha Psi and the Ambler Accounting Professional Society, supported their community this year through the Volunteer Income Tax Assistance (VITA) program.

The VITA program offers free tax assistance to low- to moderate-income people who are unable to prepare their own tax returns. The IRS-sponsored program has had trained, certified volunteers prepare basic tax returns in communities across the country for many years. The VITA program on Temple University’s Ambler Campus opened in spring 2008.

This year’s program, led by Fox accounting Professor Steven Balsam and junior accounting major Stephen Doneson, attracted 60 accounting students and alumni from Ambler and Main campuses who volunteered their Saturday afternoons to the program.

The students prepared 269 tax returns – a 27 percent increase over last year – and reported approximately $227,000 in federal tax refunds to be returned to residents. The program also expanded to include a free shuttle service to provide customers with transportation to the tax site on the Ambler Campus.

The VITA program gave students the opportunity to gain experience preparing real tax returns and provided them with basic customer service skills, all while helping to serve their community.

“As a freshman, I entered [the VITA program] without any tax experience,” Doneson said. “This year, as a junior, I was asked to train our volunteers and provide my opinion in many difficult situations. Professionally, I developed my communication and leadership skills and realized the hard work required to run and coordinate a successful program.”

Student and faculty volunteers celebrated their achievement at the VITA Recognition Banquet held at the Doubletree Guest Suites in Plymouth Meeting on May 7, 2010. The volunteers were joined by representatives from the program’s sponsors: Amper, Politziner & Mattia, Becker CPA Review, BDO Seidman, BBD, CBiz, Mayer Hoffman McCann, Ernst & Young, Weiser, KPMG, Marcum, ParenteBeard, Philadelphia CPA Review, and PricewaterhouseCoopers.

VITA received support from 10 accounting firms and two CPA review firms. In addition, the program was given a subgrant by the Community Action Development Commission of Montgomery County.

“I believe we have provided our volunteers an environment where they successfully interacted with community members, professionals and classmates in preparation for the real world,” Doneson said.  “I just hope everyone got as much out of the experience as possible.”

Over the summer, Fox students, staff and faculty traveled across the United States and around the world to complete prestigious internships and exchange ideas with colleagues.  See stories below.

When in Rome … study globalization

At the end of the spring semester, most students were planning their trips to the shore, but Kara Rosenberg, an international business and marketing double major at The Fox School of Business and Management, was not among them.

Rosenberg was devising a plan to start a research project on immigration in Italy.

For six weeks this summer, Rosenberg has been observing and studying the domestic and immigrant perspective in northern Italy, Rome and Sicily.

“The idea came to me while sitting in Lisa Calvano’s “Business Ethics” class last spring, and she mentioned she was doing research abroad,” said Rosenberg, a rising senior.

After writing a proposal for her project, Rosenberg was granted $2,000 by the Undergraduate Research Incentive Fund in the Vice Provost’s Office to conduct the research.

“It is very interesting to see how immigrants integrate and how a nation becomes more capable of facilitating globalization,” Rosenberg said. “Several factors facilitate globalization and the multinationalization of business, but I believe many of them are inherently cultural.”

From street merchants to university professors, Rosenberg has been conducting interviews with a variety of experts on her topic. She has spoken with both legal and illegal immigrants, as well as faculty members from the University of Rome, La Sapienza, with which Temple recently established an academic and cultural exchange.

Once her research is complete, Rosenberg will form her final paper.

“I will probably focus on the importance of intercultural sensitivity in international management situations, particularly with multinational corporations,” Rosenberg said. “I could never do this project with out the guidance of Lisa Calvano [teaching assistant], and Bob Giacalone [professor of human resources], and the support of Kim Cahill [associate director of the IGMS and CIBER] and Arvind Phatak [executive director of the IGMS and CIBER],” she added.

Doing good work Down Under

Few tales of vacation adventures could rival those of Darya Gorlova. Braving the untamed jungles of New Zealand for four weeks, this sophomore marketing major volunteered as a wildlife and habitat conservationist.

Gorlova’s interest in the intrepid expedition was first piqued when a representative for International Student Volunteers spoke in one of her classes last semester. ISV offers several travel programs combining volunteer work, recreation and education.

“I’m an outdoors person, and I’ve always wanted to go to New Zealand,” Gorlova said. “The idea of going there to help conserve their unique wildlife sounded exhilarating.”

For the first two weeks, along with 41 other volunteers, Gorlova helped plant more than 1,000 trees in a community for the elderly and around an elementary school.

Gorlova also volunteered to teach elementary school students and residents in a home for the mentally disabled about the environment and about planting trees.

She spent the second two weeks of her trip exploring New Zealand and enjoying thrilling activities such as skydiving, white water rafting and hiking the Franz Joseph Glacier. Gorlova also spent a night in a Marae, the community center for the local Maori people.

“What made the trip so rewarding was ISV’s combination of volunteer work, cultural experience, and tourism and adventure,” Gorlova said.

Wednesday, July 7, 2010

Media Contact: Brandon Lausch, 215-204-4115, blausch@temple.edu


Eustace Kangaju, executive director of the Temple University Small Business Development Center, was recently named one of the Philadelphia Business Journal’s 2010 Minority Business Advocates for his work in promoting the growth of minority-owned businesses.

Judges for the newspaper’s second annual Minority Business Awards program selected five minority business advocates to be honored with 25 minority business leaders in the greater Philadelphia region.

“Temple University and the Fox School of Business have long served as economic engines for greater Philadelphia,” Fox School Dean M. Moshe Porat said. “Eustace’s commitment to enhancing our city and region through community engagement is another fine example of our impact. Each day, he promotes business, champions diversity and improves our region.”

Of the 30 honorees, Kangaju is the only one directly affiliated with a college or university. The Temple SBDC is an outreach center of the Fox School of Business. At least one Temple SBDC client, Lansdale Packaged Ice, is also being honored.

“It speaks to the quality of work we do as an institution,” Kangaju said of the award. “It means that we’re identifying the needs of minority populations in this area and ensuring that we, as an urban educational institution, provide the resources to meet those needs. We help produce quality clients, and our work is reflected in their accomplishments.”

Last year, Temple SBDC assisted clients to secure $58 million in government contracts. Approximately 45 percent of the center’s clients are African-American and 6 percent are Hispanic, according to center data. Nearly 60 percent of the center’s clients are from Philadelphia. Each year, Temple SBDC assists 1,000 small business owners and entrepreneurs.

Kangaju has forged alliances with the largest providers and support organizations of economic development in the region, including the Greater Philadelphia Urban Affairs Coalition and the minority business development initiative of the Economy League of Greater Philadelphia. Temple SBDC has also collaborated with the Greater Philadelphia Minority Business Strategic Alliance.

Kangaju has been instrumental in assisting minority entrepreneurs gain access to capital by serving on several boards and loan committees developed specifically for minority businesses. Temple SBDC also supports activities and events to increase awareness of business development opportunities, such as Philadelphia’s Minority Enterprise Development Week and Black Family Technology Awareness Week.

One of the hallmark educational programs offered by Temple SBDC is the nine-month Construction Management Certificate Series (CMC), which targets minority contractors and subcontractors in greater Philadelphia.

The CMC program – the only one of its kind in the Delaware Valley – has trained more than 300 people in business management skills and is co-sponsored by a variety of trade and business associations, such as the Association of Delaware Valley Contractors and Allied Professionals, and African-American Builders and Associates.

In 2004, following the success of the CMC program, Temple SBDC was asked to provide training and consulting for the Emerging Contractors Training Program, an initiative of the African-American Chamber of Commerce and the City of Philadelphia. Kangaju implemented a program that trained 50 minority contractors in construction demolition.

In addition to leading Temple SBDC for the past 10 years, Kangaju is an adjunct clinical professor in the Fox School’s Department of Strategic Management. He is originally from Sierra Leone in West Africa.

The Philadelphia Business Journal and presenting sponsor Wachovia will host the Minority Business Awards program Aug. 5 in the Wannamaker Building. The next day, each honoree will be profiled in a special print supplement of the newspaper.

– Brandon Lausch

Media Contact: Brandon Lausch, 215-204-4115, blausch@temple.edu

To further increase their competitiveness in a global economy, four Fox School graduate students are embarking on the ultimate immersion experience: the Global Business Project (GBP).

Co-founded in 2008 by Temple’s Center for International Business Education and Research (CIBER), the GBP is designed to provide students from 14 participating CIBER schools with the opportunity to increase their ability to conduct business in non-English speaking countries. Students are divided into consulting teams and assigned to foreign companies for which they devise potential business plans and foreign market-entry strategies.

Temple CIBER plays a vital role as country leader for the GBP’s Japan projects, assigning a Japanese language mentor – Temple PhD candidate Yuhei Inoue – selecting students, securing consulting projects, appointing faculty advisers and coordinating with Kwansei Gakuin University partners and client companies in Japan.

This year, four Fox students – a record – have been accepted in the highly competitive, nationwide program. First-year MBA Gaurav Mandore, second-year MBA Thomas Allen, first-year MS Anthony Pizzo and Part-time MBA Sandra Strauss competed against students from such universities as Columbia, Duke and George Washington for their positions in the program.

“This project will and should give me an opportunity to apply maximum knowledge I have gained and skills I have developed at Temple in the live situations in the global context,” Mandore said after the program’s kick-off weekend in Washington, D.C.

The GBP added two more countries to the program’s destinations this year, sending participants to Vietnam and Thailand in addition to Brazil, China and Japan. The four-member teams in the GBP must be collectively competent in the dominant language of the assigned target country, and at least one member must be fluent, as the final presentation before the client companies is delivered in the critical language of the country.

In addition to language competence, the teams develop the skills and overcome the challenges associated with virtual teaming as they develop a consulting plan for their assigned company abroad. After the kick-off weekend in D.C., where the students, faculty advisers, language mentors and client companies meet to finalize the scope of the project, the student teams work virtually for two months before traveling to the target country for two weeks to present their final business plans to their clients in Mandarin, Japanese, Thai, Portuguese or Vietnamese.

“Taking on these complex business issues is challenging enough, and on top of that we are working in virtual teams that span languages, cultures and time zones,” Strauss said. “Participating in programs like GBP and gaining this type of valuable experience is the reason you pursue an MBA.”

– Meg Hughes

Friday, July 2, 2010

Media Contact: Brandon Lausch, 215-204-4115, blausch@temple.edu

The college years are ideal for planting the travel bug – you’re willing to sleep anywhere, eat anything and learn everything you can. And as studying abroad becomes more accessible to students, the Fox School’s Institute of Global Management Studies (IGMS) is seeing a change in the types of places business students are choosing to study.

“The trend is emerging markets,” said Gloria Angel, assistant director of IGMS and Temple’s Center for International Business Education and Research, which is housed at Fox. “Students are looking for more off-the-beaten-track locations. The opportunities abroad are for more than just traveling. The academic rigor of the programs is increasing, so study abroad isn’t a vacation. Students are gaining knowledge and learning more about themselves in the process.”

Here’s a look at five hot spots Fox students are calling home for a semester:

1. Accra, Ghana

Business students studying in Ghana attend the University of Ghana in Accra thanks to a partnership with the Aya Centre. Moving between the traditional classroom setting and an applied, collaborative study in the Ghanaian community, students observe and are immersed in the African experience from the micro-level conditions of villages to the macro-level structures of the continent’s global relations.

“When one hears about Africa, most people think either safari, poverty or disease,” said Kenyalyn Makone-Anunda, also an assistant director for the IGMS/CIBER office.  “CIBER’s Destination Ghana program is part of the emerging market study-abroad series that seeks to dismantle these stereotypical traps and instead present Ghana as a gateway to African commerce and a region with the world’s youngest and fastest growing mass markets. Students return completely transformed and empowered.”

2. Cairo, Egypt

A unified state for more than 5,000 years, Egypt is the most populous country in the Arab world and the second-most populous on the African continent. Cairo, the largest city in both the Middle East and Africa, hosts Fox students’ Egyptian education at the American University of Cairo. And while business is a focus for students, being part of an exotic culture more than 8,000 years in the making offers additional appeal.

3. Dubai, United Arab Emirates (UAE)

Located at the intersection of Asia, Africa and Europe, Dubai is the trading andcommercial center of the Middle East. Combining Arab-Islamic cultural traditions of the East with luxuries of Western modernization, Dubai creates a multifaceted bustling business center and an ideal destination for business students looking to study abroad and experience a hybrid culture.

“This trip opened my eyes to the fact that the UAE are sure doing business the right way,” said Zeina Al-Shaib, a 2010 Insight Dubai participant. “They are thinking globally and understanding the world better and, therefore, being able to cater to people’s needs worldwide.”

4. Mumbai and Delhi, India

With more than 5,000 years of recorded history, India is filled with diverse traditions.One of the fastest growing economies, India is emerging as one of the largest players in software and business process outsourcing service. A developing country with a burgeoning market, India holds onto its diverse cultures while moving forward into the modern business world. “It’s a world of contrast,” Angel said.

Fox graduate students studying in India attend the National Management School in Chennai, where they learn about cultural and behavioral differences in India as they develop their international networking and business skills.

“It was someplace I had never been, and not somewhere I had pictured myself going, but the opportunity to go landed right in my lap,” said Sean Massenburg, a Fox graduate and a 2008 Destination India participant.I knew it would be an exciting, once-in-a-lifetime experience that I couldn’t pass up.”

5. South America

An affordable and once uncommon choice, South America demonstrates how cultures can hold on to their history while moving forward professionally. Fox students studying in Chile, Argentina, Peru, Brazil and Colombia learn from the young markets of South America while experiencing the multifaceted cultures and many natural wonders of the continent.

South America’s major attractions include the Andes Mountains, the longest continental mountain range, the Amazon and the historical sanctuary of Machu Picchu, one of the Seven Wonders of the World.

“Students are setting their sights south, and I couldn’t be happier,” Angel said.

– Meg Hughes

Thursday, July 1, 2010

Media Contact: Brandon Lausch, 215-204-4115, blausch@temple.edu

Fox School of Business students aren’t the only ones taking vacations from their textbooks this summer. We asked Fox professors to pick their best summer reads – from old favorites to new bestsellers – and their choices range in topic from spies to soccer and from classic rock to current events. Here are eight recommendations to take readers of all interests beyond the classroom.

The Ascent of Money: A Financial History of the World
By: Niall Ferguson

Recommended by: Mary Conran, dean’s teaching fellow, marketing and supply chain management

Not your typical finance textbook, The Ascent of Money explains the role money and banking have played in history and shaped the world. “It is well written, clever and seamlessly weaves in history, anthropology and economics,” Conran said. The Ascent of Money examines everything from early civilizations to Wall Street in painting a picture of capital and the human race. PBS developed a four-hour documentary on the subject, available atwww.pbs.org/wnet/ascentofmoney .

Soccernomics: Why England Loses, Why Germany and Brazil Win, and Why the U.S., Japan, Australia, Turkey – and Even Iraq – Are Destined to Become the Kings of the World’s Most Popular Sport

By: Simon Kuper and Stefan Szymanksi

Recommended by: TL Hill, assistant professor of strategy, managing director of Enterprise Management Consulting Practice

Just in time for the 2010 World Cup, Soccernomics examines how soccer works, why certain teams win or lose, and the connection between sport, economics and social development. Hill said the book is packed with fun facts, solid arguments and strong opinions, as the lengthy subtitle might suggest. Aside from an economic point of view, Soccernomics also touches on psychology, sociology and history. “[It’s] beginning to transform economics into something less dismal,” Hill said.

Civil War Command & Strategy: The Process of Victory and Defeat
By: Archer Jones

Recommended by: Stanley Ridgley, assistant professor, strategic management

Perfect for the history buff or strategic thinker, Civil War Command & Strategy is not simply a military history book filled with dates and battles, but it explores the thought processes and theoretical influences that led to major strategic decisions during the Civil War. Author Archer Jones invites readers to step back in time and into the minds of the Union and Confederacy’s most infamous leaders. “It offers the why of decision-making, cast in light of historical doctrines, opportunities and constraints,” Ridgley said.

This Wheel’s On Fire: Levon Helm and the story of The Band
By: Levon Helm with Stephen Davis

Recommended by: Kimberlee Pedersen, instructor, strategic management

Called “one of the most insightful and intelligent rock bios in recent memory” by Entertainment Weekly, musician and actor Levon Helm’s 1993 autobiography bluntly describes the adventures of Helm and his band mates while detailing their success, including collaborations with famous musicians, such as Bob Dylan and Van Morrison. “The Band sang about hard work and an honest living – they were never into making a political statement,” Pedersen said. “They just wanted to make good music, and that was the ultimate goal made clear throughout the whole book.”

Zeitoun
By: Dave Eggers

Recommended by: TL Hill, assistant professor of strategy, managing director of Enterprise Management Consulting Practice

Hill admits that Zeitoun is his son’s summer reading assignment, but Hill is excited to delve into the national bestseller he describes as, “Religion, politics, race, class, American dream, lots of water …” Zeitoun is the powerful account of Hurricane Katrina’s aftermath through the eyes of a Syrian-American who stays in New Orleans attempting to rescue others from tragedy but is arrested and accused of being a terrorist.

A Lost Lady
By: Willa Cather

Recommended by: Janis Moore Campbell, associate director, Center for Student Professional Development

A Lost Lady dually depicts the decline of a love interest and the American West, from the perspective of a young man growing up during the rise of capitalist exploitation. Re-reading the novel “for probably the 10th time,” Campbell describes the 1923 work as “a short, wonderful and moving novel about the innocence of youth and the illusionary nature of love.”

Donnie Brasco
By: Joseph Pistone

Recommended by: James Hunt, associate professor, marketing and supply chain management

Donnie Brasco tells the true story of FBI agent Joseph Pistone, who went undercover to infiltrate the New York City-based Bonanno family Mafia. Pistone operates under the alias “Donnie Brasco,” earning the trust of the Mafia’s most feared men by acting like one of their own. Professor Hunt recommends the suspenseful thriller, “Because it brings back old memories.”

The Prime of Miss Jean Brodie

By: Muriel Spark

Recommended by: Janis Moore Campbell, associate director, Center for Student Professional Development

The novel is set in a Scottish school for girls and tells the tale of Miss Jean Brodie, an unorthodox educator who inspires greatness and devotion from her students. The dark story of her downfall explores themes of trust, betrayal, narcissism, moral blindness and the power of a teacher. Campbell said that one of her favorite quotes is spoken by the novel’s title character: “Education is a leading out of what is already there in the pupil’s soul. Simply pouring in information is not education. It is intrusion.”

– Julie Achilles

Thursday, June 24, 2010

Media Contact: Brandon Lausch, 215-204-4115, blausch@temple.edu

Philadelphia native and Fox School senior Jamira Burley grew up amid youth violence, and when she lost a brother to gunshot wounds during her sophomore year of high school, the issue truly hit home.

The impact of that life-changing event has led her to take an active role in local – and now national – arenas

The Huffington Post and Campus Progress, an organization that works with youth to promote political and social change, recently named Burley one of three winners who will address 1,500 young people at the 2010 Campus Progress National Conference in Washington, D.C., July 7-8.

The day before the deadline, Burley submitted an online video to the National Keynote Contest run in partnership by Huffington Post College and Campus Progress. After a week of voting, Burley and fellow winners David Cho from UCLA and Kevin Sanchez from George Mason University had received the majority of the 213,000 votes cast.

Burley’s video petition won her the opportunity to speak about youth violence and lack of education on a national stage, previously graced by Barack Obama, Bill Clinton and Speaker of the House Nancy Pelosi.

“I think a lot of times people are so willing to make decisions about young people and never really consider what they think or how they feel. And that’s why the problem of violence continues to perpetuate itself within the African-American community, the urban community,” said Burley, 21. “I think that’s one thing to definitely bring to the forefront and talk about because people are so willing to just push it under the rug and cover a gunshot wound with a Band-Aid.”

At the conference, Burley, Cho and Sanchez will have the opportunity to work with professionals such as Clinton’s former speechwriter and meet with politicians to talk policy.

And policy is what Burley does best. She has held numerous leadership positions where she works to give young people a voice, most recently as a mayoral appointee and chairwoman of the Philadelphia Youth Commission. She is also a governor’s appointee to the Commission on Children and Family, and vice president of the Septa Youth Advisory Council.

At the end of June, Burley was preparing to attend the National Black MBA Association’s Leaders of Tomorrow program in Miami, where she was nominated by a mentor to speak.

Burley is one of 16 children and the first in her family to graduate high school and go to college. As an international business and legal studies double major, she said she is always looking for ways to stand out from the competition, such as adopting a Chinese language minor and, next semester, another potential minor in corporate social responsibility.

Although she was set on attending Howard University, Burley said she switched to Temple because it reminded her of the United Nations when she took a campus tour.

“There were so many different cultures, so many different races, so many different types of people walking around and interacting with each other that I knew that this was the place for me,” she said.

Similarly, Burley said she is proud that this year’s Campus Progress winners each represent minority races and strong causes.

“I’ll be speaking about a lot of the issues and talking to a lot of the young people who are fighting for the same causes and have the same passion,” she said. “This is really an opportunity to put my issues and my concerns on the forefront and make sure that people understand that we, as young people, do have concerns, do have issues. We do want politicians to start paying attention to us even before we are able to vote.”

– Julie Achilles

Tuesday, June 22, 2010

Media Contact: Brandon Lausch, 215-204-4115, blausch@temple.edu

In the end, it came down to 8 liters.

That was the winning answer during the Fox School’s Mathematics Owlympiad, which attracted nearly 140 students from 19 high schools to Temple University last month for a competition that promoted both individual and collaborative problem solving.

Organized by the Fox School’s Risk, Insurance and Healthcare Management Department and the Sigma Chapter of Gamma Iota Sigma (GIS), the annual event featured three rounds of competition to test the skills of the 11th graders in attendance.

The first round featured a 50-question written exam – to be completed individually – followed by a 10-question group round based on the popular trivia game Quizzo. The two teams with the highest combined scores from rounds one and two – Salesianum School in Wilmington, Del., and La Salle College High School in Wyndmoor, Pa. – advanced to the sudden-death lightening round.

After La Salle College’s team of three missed a baseball-related question, the foursome from Salesianum won the competition by correctly answering this problem: If you have a 10-liter mixture of 90 percent ethanol and 10 percent water, how much water would you have to add in order to break the mixture down to 50 percent ethanol?

The answer: 8 liters.

“It was nerve-racking, but it was doable,” Salesianum student Bill Facciolo said. “The math was easy enough as long as you kept a level head”

Facciolo and his three teammates – Joe Matthew, Nick Roy and Stephen Chicosky – were awarded $100 each, while the three second-place finishers from La Salle received $75 each.

“These guys just came through,” Salesianum math teacher and coach Matt Kegelman said.

The competition, held May 17 in the Howard Gittis Student Center, featured 25 to 30 student volunteers from the Sigma Chapter of GIS, an international academic fraternity for Risk Management, Insurance and Actuarial Science majors. They assisted with everything from formulating questions and registering attendees to grading tests and keeping score.

Seth Ehrlich, Sigma Chapter’s treasurer, used his connections at a pizza shop to secure donated Coca-Cola and pizza for the high school students.

“I like the people that achieve,” said Ehrlich, a sophomore actuarial science and risk management double major. “I like kids succeeding.”

Michael McCloskey, an instructor in the Risk, Insurance and Healthcare Management Department and one of the Owlympiad’s principal organizers, said he hopes the event will double and triple in size as more high schools learn about it. McCloskey added that he envisions the Owlympiad being known as “the math event in the Philadelphia region.”

At this year’s contest, 19 public, private and parochial schools participated, including Avon Grove, Camden Catholic, Unionville High School and Ursuline Academy.

Lower Merion High School math teacher Peter Kaczmar accompanied eight students who formed two teams at the competition. In the end, Lower Merion Team 1 placed third overall, beating out Lower Merion Team 2 by only four points – 197 to 193.

“This is a well-organized, well-run competition. It’s nice to have something like this in the Philadelphia area,” Kaczmar said. “It’s a good experience for them, and the team concept is really a nice way of working it.”

– Brandon Lausch