FALL 2017 MICHIGAN ROSS AND ITS STUDENTS CHART THE FUTURE OF BUSINESS ALSO IN THIS ISSUE: Reflections from Red Berenson The New Rules of Entrepreneurship FEATURED STORIES 22 SHAPING THE FUTURE As Michigan Ross reinvents business education, its current students help chart the future of business. 20 34 WDI AT 25: FOCUSED AND LOOKING FORWARD 20 QUESTIONS Support for emerging economies remains the core mission Getting to know Catherine Bessant, BBA ’82, the chief at the William Davidson Institute. operations and technology officer at Bank of America. 36 38 SCORING GOALS — ON THE ICE AND IN LIFE FROM ‘SIDE HUSTLE’ TO PRO Retiring after 33 years as Michigan’s hockey coach, Red Berenson, Nicaila Matthews, MBA ’15, hosts a popular podcast inspiring BBA ’62/MBA ’66, explains the roots of his commitment to education. a new generation of African-American entrepreneurs. 40 52 DRIVING IN THE ‘D’ FIRST PERSON Rick Haas, BSE ’81/MBA ’89, elevates Mahindra’s Java House CEO Ken Kuguru, MBA ’03, reflects on lessons automotive prowess in Detroit. learned during a journey back to the Motherland. TABLE OF CONTENTS 1 DEPARTMENTS Edward J. Frey Dean, Stephen M. Ross Professor of Business 3 TAPPAN & HILL Scott DeRue News and notes from Ross. Chief Marketing Officer Jennifer Monaghan Editorial Director NEW STEPHEN ROSS GIFT David Kiley 10 $50 million gift funds career development, student experiences, junior faculty. Editor Bob Needham Writers ROSS BY THE NUMBERS Terry Kosdrosky, Tara Cavanaugh, Bob Needham, 11 Facts and stats about Michigan Ross, Lisa Kiser, Brittany Smith, Christopher Ankney its reach, and its influence. Creative Director Liene Karels BIG & BOLD IDEAS Designer Gretchen Hehlo 14 Highlighting some big ideas and bold innovations with roots at Ross. Production Manager Fay Sommer Printer University Lithoprinters ROSS THOUGHT IN ACTION Vol. 48, No. 2, 2017. Stephen M. Ross School of Business at the University of Michigan. This publication is produced once a year by the Office of Marketing and Communica- tions and made possible through the generosity of private THE NEW RULES OF donations. ISSN 0046-0400 For more information, con- 16 ENTREPRENEURSHIP tact Dividend, Office of Marketing & Communications, Stephen M. Ross School of Business, University of Michigan, Lecturer Jim Price says this is the best time 700 E. University, Kresge Hall, 4th Floor West, Suite K4510, in history to start a business. Ann Arbor, MI 48109-1234. 734-763-7022. The Regents of the University of Michigan Michael J. Behm, Mark J. Bernstein, Shauna Ryder Diggs, 18 HARD FACTS ABOUT SOFT SKILLS Denise Ilitch, Andrea Fischer Newman, Andrew Professor Achyuta Adhvaryu examines a soft-skills C. Richner, Ron Weiser, Katherine E. White, Mark S. Schlissel (ex officio) training program for garment workers in India that improves both lives and workplace production. University of Michigan Nondiscrimination Policy Notice The University of Michigan, as an equal opportunity/ affirmative action employer, complies with all applicable federal and state laws regarding nondiscrimination and affirmative action. The University of Michigan is ALUMNI ACTIVITIES committed to a policy of equal opportunity for all persons and does not discriminate on the basis of race, color, national origin, age, marital status, sex, sexual orientation, gender identity, gender expression, disability, religion, ALUMNI ACTIVITIES height, weight, or veteran status in employment, 42 Photos and events from Ross alumni around the world. educational programs and activities, and admissions. Inquiries or complaints may be addressed to the Senior Director for Institutional Equity and Title IX/Section 504/ ADA Coordinator, Office for Institutional Equity, 2072 CLASS NOTES Administrative Services Building, Ann Arbor, Michigan 47 48109-1432, (734) 763-0235, TTY (734) 647-1388. For The latest news from classmates. other University of Michigan information call (734) 764-1817. © 2017 The Stephen M. Ross School of Business at the University of Michigan. OBITUARIES 51 Stephen M. Ross School of Business Dividend is the alumni magazine of the University of Michigan’s Ross School of Business. michiganross.umich.edu i Has your contact info changed? FIND MORE CONTENT ONLINE! Tell us at [email protected] ROSSDIVIDEND.COM or 734-763-7022. Letter from the Dean Another person you will read about is second-year MBA The bicentennial of the University of Matthew Sellman. His success and experience at Ross Michigan is a joyous occasion. For 200 is why we have taken our action-based learning to a new level for students. We have been recognized as a leader years, our university has been a fountain in ABL for decades. Now, we are giving students the of people and ideas that challenge the unprecedented opportunity to run and lead actual business ventures with companies like Shinola, Ford, NRP Group, present and enrich the future. and more on the way. No other business school in the world offers this level of hands-on, experiential learning. With more than 500,000 men and women from across And you will read about Mike Manzinger, a BBA senior the globe who have come to Ann Arbor to discover their who has studied abroad in three countries. Ross’ global potential, learn and innovate, and build forever-lasting reach is growing and expanding every year in terms connections, we at the University of Michigan have of immersion opportunities available to our students, an enduring legacy of enriching the world around us. our direct engagement with companies around the We are proud to be Wolverines, and we hold ourselves world, and the rising profile of our global brand. to a standard of excellence that is second to none. I want to welcome all of you to engage with us. At Michigan Ross, we embrace this legacy and have an Michigan Ross is your school, forever, and we unwavering commitment to creating a better need you. How can you match your connection world through the power of business to Ross with actions you can be proud of? and education. It is our purpose; it is our mission. In the spring • Help us attract the best and brightest by issue of Dividend, we spotlighted being part of our engaged alumni network and amazing contributions to this connecting your company with Ross. mission from our community over the decades since the • Engage with us to create the most impactful business school was founded. It and transformative student experiences. was a captivating journey down the historical boulevard. In this issue, we • Help us build lasting connections with you are showcasing the contributions of recent and the Ross alumni community as a whole. alumni and current students, coupled with a feature on a Together, we can do amazing things. Michigan hero, former hockey coach, and business school alum, the one and only Red Berenson. What do they have Hope to see you at Homecoming, or at one of in common? All of them are transformational leaders. They our upcoming alumni events in your city. are creating a better world through business, education or both, and making us proud Wolverines every step of the way. One of the people you will read about is Iuliana Bleanda- Go Blue! Mogosanu, an MBA/MS dual-degree student who is involved in a project that turns salt water into potable water. It’s a great example of the ways that research and education can elevate the positive impact of business in society. This is something you’ll hear a lot more about in the Scott DeRue coming months as we develop our new Business + Impact Edward J. Frey Dean Studio, which will become a leading source of business Stephen M. Ross Professor of Business solutions to important challenges in society, ranging from the future of jobs to sustainable development. TAPPAN & HILL 3 MICHIGAN ROSS LEADERSHIP TEAM: Dean DeRue Announces Mike Barger, Brad Killaly, Organizational Improvements Executive Director, Office Associate Dean for of Strategy and Academic Full-Time MBA Innovation M.S. Krishnan, Norm Bishara, Associate Dean for Associate Dean for Executive Programs Undergraduate and Early Francine LaFontaine, Career Programs Senior Associate Dean for Amy Byron-Oilar, Faculty and Research Chief People and Diversity Officer Bill Lovejoy, Associate Dean for Jerry Davis, Specialty Programs Over the summer, Scott DeRue completed his first year Associate Dean for as Edward J. Frey Dean and Stephen M. Ross Professor of Business + Impact Jennifer Monaghan, Business and announced five key organizational changes to Chief Marketing Officer Kerry Flynn, help make Michigan Ross the world’s most innovative and Chief Information Officer Sean O’Neil, most transformative business school. Chief Financial Officer Wally Hopp, FLATTER STRUCTURE — Associate deans overseeing Associate Dean for Tom Wamsley, academic programs now have more focused portfolios, Part-Time MBA Chief Development Officer enabling the school to be more nimble and adaptive. OFFICE OF STRATEGY AND ACADEMIC INNOVATION — The new OSAI will be led by Mike Barger, Michigan Ross Students one of the world’s foremost experts in learning design and innovation, as well as being a former Top Gun instructor First To Lead And Run and co-founder of JetBlue. OSAI will partner with academic Real Businesses As Part programs, faculty, students, and alumni to develop the most of New Course innovative and transformative experiences in business education. This office will be the home of the Learning Design Initiative, Global Initiatives, the Office of Action-Based Learning, and the Career Development Office. CAREER DEVELOPMENT OFFICE — The new CDO — led by Heather Byrne, formerly director of the Full-Time MBA Program — is on a mission to define excellence in career services and professional development. The goal is for Michigan Ross to be and be recognized as the most powerful career accelerator and most distinctive source Students setting course for Ford's Smart Mobility unit. of leadership talent. Giving students the opportunity to lead real businesses has BUSINESS + IMPACT — This initiative, led by Associate Dean been a vision of Scott DeRue, Edward J.