Four Fox School of Business students attended the fifth annual CIBER Case Challenge at the Ohio State University Fisher College of Business this fall, competing against 15 leading business schools from around the world. TheCIBER Case Challenge brings teams from across the globe to compete in analyzing and presenting an international business case to judges. “Temple CIBER is pleased to sponsor a student team each year to participate in this exciting program, where students have an opportunity to apply the IB theory and methods they have been learning in the classroom in a real-life, practical application,” said Kim Cahill, director of Temple CIBER and the Institute of Global Management Studies.
The Centers for International Business Education and Research (CIBER) and Fisher’s International Programs Office hosted the event, which is co-sponsored by Temple CIBER.
CIBER was established under the Omnibus Trade and Competitiveness Act of 1988, to increase and promote the nation’s capacity for international understanding and economic enterprise. There are currently 31 CIBERs around the country.
Jason Chen, Alejandro Herrera, Kari Dunbar and Shoab Tajak represented the Fox School in the competition, which was held Oct. 28-31 in Columbus. They were selected by Temple’s CIBER office based on academic performance, presentation experience, international exposure and major/area of study. Dr. Arun Kumaraswamy, assistant professor of general and strategic management, served as the faculty advisor for Fox’s team, and prepared the students in advance by providing them with sample cases and practice scenarios.
Shoaib Tajak, an international and business economics major, explained, “Dr. Kumaraswamy was very instrumental in helping us prepare for the whole event. He made sure we understood how to effectively analyze a case for the important details, and disregard anything that was not important.”
The four-day challenge began with exploring the city of Columbus and taking students to the Honda USA production plant to witness the process of a Honda vehicle becoming assembled. As Kari Dunbar, an international business and finance major, explained, “At first, I thought it was going to be an experience where I would just see cars being built. Fortunately, the experience provided me insight into how global companies are dealing with the implications of the credit crunch, from shutting factories down to minimizing the output of vehicles.”
Similar to the hit television show, The Apprentice, each competing university team had to complete a specific task in 24 hours. At the end of the competition, they were to meet in a boardroom for their presentation. Starting at 9:15 am on Thursday morning and working until 7:00 am on Friday, students analyzed the case presented by Beauty Avenues, a Limited Brands company, and prepared a solution.
Jason Chen, a Fox international business major with a concentration in economics, explained, “Our approach focused on the international expansion of Limited Brands, specifically through existing production and distribution networks by means of partnerships and buyouts.” Alejandro Herrera, an accounting major, added, “The biggest challenge was obviously the limited amount of time available to prepare our presentation. Despite the difficulty, the pressure to complete the plan substantially helped me develop the way I approach business challenges and value the input of our team, which worked very well together in our preparation.”
The final cases were presented to a panel of multinational corporate executives from Central Ohio on Halloween morning. Although the Fox team did not make it into the final round, the judges’ feedback was positive, and Alejandro Herrera was recognized as the best performer in the room. Each student remarked on how the experience enabled them to work as a team, network and build valuable business strategy tools that will be beneficial in their future business careers.
“Working under tight deadlines in a stressful situation helped students understand the challenges that often confront real consultants in the business world and enabled them to present their ideas to the very executives who are managing the business challenges described in the case,” said Melissa A. Torres, director of the International Programs Office/CIBER at the Fisher College of Business. “Students also had a wonderful opportunity to learn how their colleagues from other business schools analyze the same issues and present their strategies, and to compare that to their own approach.”
The 2008 CIBER Case Challenge winners were: Singapore Management University (first place), Washington University (second place), Canada’s Concordia University (third place) and Audencia Ecole de Management of Nantes, France (fourth place).
Choose your own path and make your own destiny. Network. Be persistent, creative and innovative. Have passion. That was the message to students and some of the Philadelphia area’s most prominent entrepreneurs and business owners from panelists and speakers at the 9th Annual Women’s Entrepreneurial Conference, held on Oct. 28, 2008, in Mitten Hall’s Great Court. Tracy Davidson, NBC 10 news anchor and consumer reporter, moderated the event, marking her 6th year of involvement in the conference.
The conference occurs annually each fall and is a collaboration among Temple University’s League for Entrepreneurial Women, Fox School of Business, School of Tourism and Hospitality Management, School of Communications and Theatre and the Innovation and Entrepreneurship Institute.
The Women’s Entrepreneurial Conference is held to promote entrepreneurial leadership among not only Temple University students but also women and men, who are currently entrepreneurs and business owners or those who are interested in starting a business, and focuses on timely issues impacting entrepreneurs in business. “I wanted to be my own boss,” explained Michelle Farmer, executive senior sales director of Mary Kay Cosmetics. She has been building her business for 23 years and was a first time attendee of the conference.
Temple University President, Ann Weaver Hart, delivered a passionate and inspirational keynote address, which highlighted the “ABC’s” of entrepreneurial, innovative and history-making women. Past keynote speakers include, Tracey Davidson, Ritz Carlton and Rebecca Mathias.
President Hart used one of her favorite quotes by an influential woman, author and activist Laurel Thatcher Ulrich, to make her point. “Well behaved women seldom make history.” President Hart’s ABC’s consisted of a list of prominent women (doctors, scientists, teachers, singers and athletes) who experienced hardships in their quest to make their own paths and shape their own goals. These women made history by not allowing society to put them into categories and roles that were expected. These women were revolutionary pioneers in their respective careers. They transcended race, age, time period and accomplishments, and ranged from Philadelphia’s own Marian Anderson to athlete Mildred “Babe” Didrikson Zaharias. “We mustn’t let others slot us into any category to make history,” said President Hart.
This year’s event highlighted the various aspects of small business, including funding, planning and execution. Each panelist reinforced the importance of formulating an effective and realistic business plan, and creating a brand or face that enables a product or service to be distinguished from others in the market. Three of the panelists, Candice Caprice, Brian Linton and Jason Smikle, are Temple alumni.
“This year’s panelists said ‘Yes, you can do it.’ I thought our group was very inspirational. They spoke about how their dream became a reality,” said Dr. Betsy Barber, associate dean of the School of Tourism and Hospitality Management and the conference co-chair.
The panelists encouraged participation in the Fox School of Business Annual Business Plan Competition, recently renamed “Be Your Own Boss Bowl,” which is available to Temple University students, faculty, staff and alumni. The goal of the competition is to launch a brand new business in the Philadelphia region; however, it is not to be an extension of an already existing business. Two of this year’s panelists were previous winners: Karen Moustafellos, president and co-founder of Elements and Alloys (EnA), the 2006 winner, and Brian Linton, founder of Sand Shack, who won last year.
Each year the Women’s Entrepreneurship Conference honors influential female alumni who make a significant impact in the Philadelphia community and business world through creativity, entrepreneurship and leadership. This year’s inductees into the Women’s Entrepreneurship Hall of Fame were: Wanda D. Paul, senior vice president of the Philadelphia Convention and Visitors Bureau and Sarah M. Hetznecker, director of project development for Conergy Americas –both Temple alumni. “Every year we have the same criteria, we’re always looking for women who make a difference,” explained Dr. Barber.
When asked about her expectations for the conference Dr. Barber said, “I just hope women will walk out inspired, and they will walk out thinking anything is possible. Follow your heart, follow your dream.”
January 29, 2009
As corporate earnings dive in the recession, it may become more difficult for many firms to sustain those contributions. Any reduction in matching payments threatens to leave workers further behind in saving for retirement, and could force some to stay in the workforce longer than they had planned. “All these individuals who thought they were on the road to retirement are getting this nasty surprise,” said Jack L. VanDerhei, associate professor of Risk, Insurance, and Healthcare Management at Temple University.“It really brings into focus what we as a country need to be worried about,” he said, “because we have more individuals whose 401(k) plans are going to be the only thing supplementing their Social Security.”
January 25, 2009
In today’s tough economy, many employees are working harder than ever — if only to look busy, and thus perhaps avoid the axe. Experts on workplace behavior say that mustering a token show for the boss can backfire. If a worker isn’t already regarded as diligent, “This is a bad time to manage the impression that you’re a hard worker,” said Robert Giacalone of Temple’s Fox School of Business. “There’s fear out there, and that fear generates suspicion among people in power that workers are trying to manipulate their images because they’re afraid.”
January 21, 2009
As the economy continues to slump, more workers are turning to freelance work. Pam Kokkalis of the Graduate Career Management Center at the Fox School of Business said, “I’ve seen personally a lot of people do better off on their own because they are able to get the word of mouth going for them and because they are on short contracts, it’s easy for a company to say ‘yeah, I’ll hire you for the next three, four six months.'”
January 20, 2009
The Inquirer published a gallery of pictures of Alter Hall, the new home of Temple’s Fox School of Tourism and School of Tourism and Hospitality Management. Alter Hall opened today for classes
January 18, 2009
The Inquirer‘s Business section toured Alter Hall, the new home of Temple’s Fox School of Business and the School of Tourism and Hospitality Management. “I love the openness of the building,” said Fox Associate Dean Diana Breslin-Knudsen. Dean M. Moshe Porat said Alter Hall was designed to embody the school’s educational philosophy and to address issues related to space, faculty recruitment and the nature of business education. “It’s much more global, more about entrepreneurship, much more experiential,” he explained. The online version of the story includes a four-picture photo gallery.
January 16, 2009
CBS3 technology reporter Stephanie Abrams took viewers on a hightech tour of Alter Hall, the new home of the Fox School of Business and the School of Tourism and Hospitality Management. Among the highlights: “class capture” technology that will stream every lecture, wireless tablet laptops for instructers and a large video wall. “We have infused every space in the building with technology, and we’ve made it transparent,” said John DeAngelo, associate dean of information technology.
January 11, 2009
Both 401(k)s, which are managed by individual workers, and pensions, which are managed by plan administrators, have exposure to the stock market. But if your 401(k) loses value, which many have in the past year, you have to take the loss and hope that the market will recover over time. If you are under a multi-employer pension plan, which typically combines employers around a specific trade such as plumbing, you would get less coverage. Jack L. VanDerhei , associate professor of Risk, Insurance, and Healthcare Management at Temple University said, “It may be quite likely that you work for someone that has an underfunded pension plan, but if I was in that situation, would that worry me? Not as long as I was under that maximum annual guarantee of the PBGC. The vast majority of people are.”
The Fox School’s bachelor of business administration major in management information systems (BBA in MIS) was named a top 10 U.S. program for information technology(IT) by TechRepublic.com in November 2008.
TechRepublic selected the Fox School’s BBA in MIS after evaluating more than a hundred undergraduate business-oriented IT programs across the nation. They based their selection on curriculum, placement, available resources, value, and overall strength of each program and also by interviewing alumni and corporate stakeholders.
Joining the Fox BBA in MIS in the top 10 list are Carnegie Mellon, MIT, University of Arizona, University of Maryland, and other internationally renowned universities. The Fox BBA in MIS was only the program selected from the Philadelphia region.
M. Moshe Porat, Dean, Fox School of Business, commented “I am very pleased with the success of the MIS department, they have done all the right things, by paying attention to student needs, hiring great faculty, innovating on research and curriculum, and great alumni relations.”
According to Dr. Munir Mandviwalla, associate professor, and founding chair of the MIS department, “this is a great honor, given that we started the department only eight years ago and now we are already in the company of such well established programs, and because TechRepublic followed such a systematic process in their evaluation.” The MIS department was also recognized in 2007 by The Chronicle of Higher Education, which ranked its faculty in the top 10 for research. According to Mandviwalla, the program’s success is based on “our hard working students, faculty who work on innovative and relevant research and our Institute for Business and Information Technology (IBIT) which connects us with industry and provides a real world anchor.”
In their analysis, TechRepublic also highlighted the department’s strong relationship with industry as well as the support provided by faculty and the student led Association of Management Information Systems (AMIS).
The Fox School’s MIS department offers undergraduate, graduate, and doctoral programs in information systems and includes 500 majors and minors and 13 faculty members.
The associated Institute for Business and Information Technology (IBIT) connects students and faculty with industry leaders through a membership structure, and provides project and professional development opportunities.
View TechRepublic’s Top 10 U.S. college programs for IT report.
About the Fox School of Business
Established in 1918, Temple University’s Fox School of Business is the largest, most comprehensive business school in the greater Philadelphia region and among the largest in the world, with more than 6,000 students, 145 faculty, and 51,000 alumni. The Fox School’s programs are among the best in the world and are highly ranked by theFinancial Times, The Economist, U.S. News and World Report, Entrepreneur magazine, The Princeton Review, andComputerworld.
TechRepublic serves as the Web’s largest community of IT leaders. The site delivers a unique blend of original content by IT professionals, peer-to-peer advice, and a vast library of professional resources from the leading vendors in the IT industry. TechRepublic features blogs, community forums, vendor white papers, software downloads, Webcasts, and research. According to Nielsen, TechRepublic with its 2 million unique users, 74% of whom are IT professionals, reaches the highest concentration of IT professionals of any web site or publication. TechRepublic is part of CBS Interactive, which owns well known media channels including CBS News, ZDNet, and CNET.com.
For more information about The Fox School’s rankings, please visit www.fox.temple.edu/rankings.
Many high school students are interested in business and statistics, but when they hear the words, “Certified Public Accountant” (CPA) they might not know what the title truly means. To provide high school students with insight into the accounting profession, Temple University’s Fox School of Business Accounting Department hosted the first-everPassport to Opportunity on Oct. 27 at the Howard Gittis Student Center. Nearly 300 students from 11 Philadelphia-area high schools attended the event.
Sheri Risler, CPA, professor of accounting practice at Fox, organized the event in conjunction with the Pennsylvania Institute of Certified Accountants (PICPA) and the Relations with Schools & Colleges Committee. Risler said, “The event is a great opportunity to showcase Fox’s accounting program to students interested in the accounting degree and profession.”
Temple men’s basketball coach and Fox professor, Fran Dunphy, kick-started the event, telling students, “This is your opportunity to do great in high school and do your best. Give it everything you have and be a good person.” Dunphy related to students through basketball by describing specific challenges some of his athletes had faced and how they overcame them by working hard.
Hard work and determination were key themes addressed throughout the day’s event. Keynote speakers, Fox accounting professors, Temple seniors in the program, and representatives from the Center for Student Professional Development (CSPD) provided various tips on how to get into college or business school, detailed course requirements for accounting majors, and offered career and internship advice.
Keynote speaker Neil G. Lubarsky, CPA and Senior Vice President and CFO for Thomas Jefferson University Hospitals, described his responsibilities making all of the financial decisions for the hospital and its 700 employees. He explained that good accountants must be skilled in math, have proficiency with the latest in information technology, have good communication and organizational skills, and possess integrity.
Sheri Risler briefed students on the various accounting courses offered at Fox, the steps required to become a licensed CPA, and referenced the book, Fresh Perspectives-A student’s handbook to becoming a CPA as a tool for students to gather more information on the opportunities available to accountants. Megan Rimer, associate director for CSPD, described the resources available at CSPD. She outlined the various employment options available to accountants, including working at public, private, corporate or government firms. She noted the importance of students being prepared for college by achieving high SAT scores and good grades, and becoming involved in extracurricular activities, such as athletics or community service.
BBA students majoring in accounting spoke about how they have already secured positions after graduation, and remarked how helpful Fox’s CSPD was to them in finding internships and full-time positions. Jonathan Reiter and Joe Yurkanin expressed how important it is for students to get involved in professional associations or organizations during their college career, and highlighted the student accounting organizations within Fox.
High school juniors Sash Wynter and Tash Morgan Wynter, and senior,
Kimisha Simpson, all from Haverford High School, said it was very beneficial to hear firsthand about majoring in accounting and the skills needed to break into the industry. Each has a strong interest in business and accounting, and is a member of the Future Business Leaders of America (FBLA) association.
Because this year’s Passport to Opportunity was so successful, Fox’s accounting department hopes to make it an annual event.
The Department of Finance in the Fox School of Business at Temple University is ranked No. 4 nationally in the research rankings released by Academics Analytics on the scholarly production of professors at research universities in the United States.The department chair, Ken Kopecky, cited the importance of the work of recent hires, Associate Professor David Reeb and Assistant Professor Connie Mao for earning this distinction.However, he also stressed that the ranking is not based solely on the productivity of a few faculty members but is broadly based across the entire department.
“The ranking methodology was designed to recognize the productivity of the average faculty member, both in terms of the number of articles published and perhaps more importantly the number of citations accruing to those articles. We have been fortunate that the department’s presidential faculty have been very productive as a group.”
Professor Reeb is known for his work on family-run firms and on the structure of corporate boards and has published several articles in the Journal of Finance. Professor Mao, known for her work in corporate finance and on the valuation effects arising from the dissemination of information across international markets, has published in theJournal of Finance and the Journal of Financial and Quantitative Analysis.Professor J. Jay Choi, the Laura H. Carnell Professor of Finance, who is an expert in international finance, recently published in the Journal of Financial and Quantitative Analysis.In the banking area, Professors Elyas Elysiani and Kopecky have both published in the Journal of Banking and Finance while Associate Professor Jonathan Scott published in the Journal of Money, Credit and Banking.In the asset pricing area, Associate Professor Anne Zissu recently had two papers published in the Journal of Derivatives and Professor Manak Gupta published in the Review of Quantitative Finance and Accounting.The real estate area is part of the finance department. Professor Paul Asabere, who is an expert on real-estate public policy issues and Professor Forrest Huffman, an expert on taxation in real estate markets, have published joint papers inReal Estate Economics, Journal of Real Estate Finance and Economics, and the Journal of Real Estate Research.
Said M. Moshe Porat, dean of The Fox School, “I am pleased and proud that Academic Analytics has recognized the research of Fox School’s finance department. This ranking helps complete a banner year of top rankings for The Fox School. The recent hiring of Professor David Cummins from Wharton, an expert in financial institutions, will further enhance our research productivity.”