2010 - 2011 ANNUAL REPORT 2010 - 2011

School of Business AUC New Cairo AUC Avenue • P.O. Box 74 • New Cairo 11835, Egypt tel 20.2.2615.3290 [email protected] www.aucegypt.edu/busines

STRATEGIC GOALS Table of Relevant, Current and External and Corporate Relations and Innovative Curricula and Alumni Engagement...... 196 Programs...... 26 International Visitors Undergraduate Programs Agreements, Partnerships and Memberships Graduate Programs School of Business Participation in Local, Regional Executive Education and International Events Contents Centers and Programs Alumni Recognition The School of Business...... 6 Promoting Excellence in Teaching, Research and Intellectual Creating a Culture of Governance, Message from the Dean Contribution...... 94 Academic and Operational Overview Faculty Development Funds Excellence and Continuous Accreditation Faculty Awards Improvement...... 220 Egypt’s Uprising A Sample of Faculty Publications and Participation Advisory Bodies in Regional and International Events Communications and Marketing office School Internal Events Staff Development, Recognition and Awards Support and Lifelong Learning Environment...... 156 Office of Student Services Student Scholarship Opportunities Student Internships Students Clubs Students Events Students Awards and Honors Statistics...... 246 THE SCHOOL of business

6 7 The School of Business: Annual Report 2010 - 2011 MESSAGE FROM THE DEAN

he 2010-11 academic year will henceforth occupy members with different backgrounds and experiences for demands on time, patience, and energy. The many new a profoundly significant place in the School of next academic year 2011-12. trials and reactions have afforded me the opportunity to Business’ history. As administrators and faculty, reflect on our accomplishments, and also to anticipate Twe feel particularly pleased with our contribution Significantly, the school has moved forward with the meeting new challenges and mandates as we search for to Egypt’s remarkable uprising, as well as the months of Entrepreneurship and Innovation Program (EIP), which ways to improve our programs, recruit the best faculty, political debate that have followed, as we strive to build is designed to educate students on entrepreneurship and and compete for top students. on these achievements in the coming period. Active infuse them with the desire to create and innovate through participation by students, faculty members, alumni and connecting them to venture capitalists, angel investors, and The wide spectrum of activities covered in this annual report centers during this monumental period in the school’s mentors. On a broader scale, EIP aims to create a healthy reflects the dynamism of School of Business students, different forums and public events underscored our mission entrepreneurial environment inside AUC, serving Egypt and alumni, faculty, and staff as we strive to offer an enticing and our ongoing pledge to provide an education that the region at large. environment of continual development and support for all. As cultivates citizen commitment. always, we dedicate our efforts to fulfilling the three pillars On the academic front, the school remains committed on which the school rests: entrepreneurship, innovation As an institute of higher education and an important to championing consistent student development, efforts and leadership. Ultimately, this dedication to academic constituent of Egyptian private enterprise and civil society, that take the form of supporting students writing and excellence is the guiding factor of our extracurricular and we see it as our duty to explore the many complex issues presenting papers and encouraging them to participate in co-curricular programs, and the key to our successful and opportunities facing Egypt post January 25, 2011. competitions and leading industry conferences. It is these navigation of the rapidly-changing environment around us. Among the most highly profiled activities that have taken activities that best expose students to enriching learning place within AUC, the School of Business introduced the experiences and direct contact with qualified audiences, It gives me great pleasure to present to you this year’s Transforming Egypt series - a sequence of programs adding to their business knowledge and expanding their annual report, organized around the school’s strategic plan critically examining the effects of Egypt’s uprising on local cultural horizons. The school also encourages knowledge for 2010-2015. The report features the commitment of the and regional economic and business interests. Reaching production at the faculty level, enabling faculty members school’s different constituents towards achieving the set beyond University gates, Transforming Egypt has engaged to make important contributions to their field. AUC School strategic goals. I hope you enjoy reading it, and as always, experts and citizens across Egypt and throughout the of Business faculty possess unique insight into a wide I would appreciate your ideas, comments, and feedback region, expressing important questions, analyzing key breadth of world issues – especially those pertaining to – elements that, to me, are essential to our continued issues, and brainstorming action items necessary for the the MENA region – and over the past year, many of our improvement and success. country to regain a strong economic foothold. faculty members were active participants in conferences and meetings throughout the world, including North and Moving the focus towards institutional development, we South America, Europe, the Far East and the North Africa have been busy this year implementing new academic Middle East regions as well as Egypt. programs, coordinating related co-curricular activities and events, expanding our faculty research and actualizing While fulfilling in many ways, the year has also been SherifAugust 2011 Kamel elements of our strategic goals. This is in addition to a witness to unprecedented and sometimes unfortunate successful recruitment process yielding 15 new faculty

8 9 The School of Business: Annual Report 2010 - 2011 Vision Mission

The School of Business sees itself becoming The School of Business strives to create an environment globally recognized as the leading business school that fosters the development of principled and innovative connecting the region and the world. business leaders and entrepreneurs who can make a difference. OVERVIEW

Departments Executive Education Centers and Programs Advisory Bodies

Department of Economics (ECON) Management Center (MC) Business Computer Center (BCC) Dean’s Strategic Advisory Board

Department of Management (MGMT) Citadel Capital Financial El Khazindar Business Council of the School of Business Services Center (CCFC) Research and Case Center (KCC) Department of Accounting (ACCT) Management Center Advisory Council Goldman Sachs Access to Knowledge 10,000 Women for Development Center (A2K4D) El Kazindar Business Research Entrepreneurship and and Case Center Internal Leadership Program (WEL) Entrepreneurship and Advisory Board Innovation Program (EIP) International Executive Entrepreneurship and Education Institute (IEEI) Innovation Program Council

12 13 The School of Business: Annual Report 2010 - 2011 “Drawing on its imaginative faculty, ambitious students, dedicated staff and creative alumni, the School of Business at The American University in Cairo has been bringing its global reach to contribute to building “the new Egypt” in the aftermath of the January 25 revolution.

With its strong emphasis on entrepreneurship and innovation, its increasingly active research programs, and its multiple international partnerships, the school continues to provide rigorous curricula, in both its degree programs and its executive education platforms, in management, accounting, finance, marketing, economic development, information technology, and entrepreneurship.

These programs are poised to have even greater impact in the years to come, as Egypt welcomes creative and dynamic initiatives in job creation, investment opportunities, and economic growth. Under the able leadership of its dean, Sherif Kamel, AUC continues to produce and promote the next generation of socially responsible private-sector leaders in Egypt and the region. In both the new Egypt, and across the fast-changing global business landscape, AUC’s School of Business is playing a crucial role in shaping our world.”

President,Lisa The American Anderson University in Cairo

14 ACCREDITATION

THE ASSOCIATION TO ADVANCE COLLEGIATE SCHOOLS OF BUSINESS (AACSB) SUPREME COUNCIL OF UNIVERSITIES (SCU) The School of Business first acquired AACSB accreditation in 2006 and must undergo a maintenance All degrees from the School of Business are eligible for equivalency certificates issued by the process every five years. The first maintenance visit is scheduled in December 2011. Egyptian SCU. Degrees are evaluated every three years. The school undergoes its next evaluation in 2013.

ASSOCIATION OF MBAs (AMBA) The MBA program at the School of Business is applying for AMBA accreditation in September 2011. ACCREDITING COUNCIL FOR CONTINUING EDUCATION AND TRAINING (ACCET) AUC’s Management Center was granted five years of ACCET accreditation in 2011.

THE EUROPEAN FOUNDATION FOR MANAGEMENT DEVELOPMENT (EFMD) The School of Business is a member of EFMD, a vast membership network that includes over 750 PRINCIPLES FOR RESPONSIBLE MANAGEMENT EDUCATION (PRME) organizations from academia, business, public service and consultancy in 81 countries around AUC School of Business is one of 393 academic institutions that have voluntarily signed up to the the world. PRME initiative.

THE EUROPEAN QUALITY IMPROVEMENT SYSTEM (EQUIS) THE ACADEMY OF BUSINESS IN SOCIETY (EABIS) As members of EFMD, the School of Business is eligible to apply for EQUIS membership. The school AUC School of Business is a member of EABIS. is applying for EQUIS accreditation in October 2011.

EDUNIVERSAL MIDDLE STATES COMMISSION ON HIGHER EDUCATION (MSCHE) AUC’s School of Business is ranked number one among the four palms classification “Top Business Institutional accreditation status is granted for a period of ten years, with a mid-way periodic Schools”. The school is ranked the top business school in Egypt and second overall in Africa. review. The University was granted the renewal in 2008.

Society for Human Resource Management (SHRM) NATIONAL AUTHORITY FOR QUALITY ASSURANCE AND ACCREDITATION OF The curriculum of the Professional Post-Graduate Diploma in Human Resource Management EDUCATION (NAQAAE) offered at the Institute of Management Development, Management Center, has been certified by The American University in Cairo as a whole is accredited, and now the Department of Management SHRM to be in-line with the SHRM HR curriculum guidebook and templates. will begin its accreditation process in December 2011.

16 17 The School of Business: Annual Report 2010 - 2011 “Led by extraordinary faculty and staff members, AUC’s School of Business responded quickly and proactively to the unexpected demands and challenges introduced in the aftermath of the January 25 revolution.

Educational and research programs, workshops, lectures, competitions, and conferences on the economic, technological, and ethical impacts of the uprising launched by the School of Business over the past year have contributed immensely to establishing AUC’s position as a leading voice in this transitional period.

The school’s pillars of entrepreneurship, innovation, and leadership, in addition to its pioneering academic initiatives, growing body of interdisciplinary research, and widespread international partnerships, constitute a streamlined and cohesive system through which we can produce graduates groomed for conscientious and principled public and private sector leadership.”

Provost,Medhat The American UniversityHaroun in Cairo

18 EGYPT’S UPRISING

SEMINAR SERIES: TRANSFORMING EGYPT

Inspired by the Egyptian revolution and in an effort to contribute to the promising changes taking Speaking for the motion were female’s rights campaigner Marwa Sharafeldin and pro-democracy place, the School of Business launched its new Transforming Egypt workshop series in March 2011. activist Shaheer George. Speaking against the motion were Essam El Erian, senior spokesperson The series offers a platform for debate and discussion by distinguished guests, faculty members for the Muslim Brotherhood and Sherif Taher, a politician and member of Al Wafd Party. The debate and students, who seek to address Egypt’s transitional period. As associate dean for graduate was broadcast by BBC World on March 19 and 20, 2011. studies and research, Nagla Rizk was responsible for coordinating the School of Business’s Transforming Egypt seminar series, where a number of activities were organized by different faculty members to address important and timely issues in light of the Egyptian revolution. March 28, 2011 Egypt in Revolution Abeer El Shinnawy, assistant professor of economics, organized a lecture for Professor Emeritus March 7, 2011 Galal Amin, where he discussed his observations and interpretations of the Egyptian revolution. Video Link Up with Qatari Students A video conference discussion on the revolution, linking students of the School of Business with students in the Education Center in Qatar, took place where students of the School of Business shared their experience in Tahrir Square, their thoughts on the revolution and hopes for the future.

March 14, 2011 Doha Debates: This House Believes for the Sake of Democracy Egypt Should Postpone Elections The Access to Knowledge for Development Center (A2K4D) hosted, for the first time in Egypt, a special episode of the Doha Debates at AUC Tahrir Square.

Galal Amin and Abeer El Shinnawy, at Egypt in Revolution (March 28, 2011)

Tim Sebastian, moderator of the Doha Debates and Nagla Rizk, director of A2K4D, at Doha Debate (March 14, 2011)

20 21 The School of Business: Annual Report 2010 - 2011 EGYPT’S UPRISING

April 6, 2011 April 10, 2011 Egyptian Stock Exchange (EGX) in the Wake of the Egyptian Revolution Combating Corporate Corruption Monal Abdel Baky ’83 ’88, assistant professor of economics, organized a lecture by Mike In a seminar organized by Ahmed Abdel-Meguid, faculty adviser of the Corporate Governance Club, Baghdady ’72, the world’s foremost leading expert and originator of price behavior trading; Counselor Ahmed Ragab, executive former head technical trader at the New York Board director of the Center for Transparency, of Trade (NYBOT); and founder of Training Traders gave various examples of corruption Company, London, who discussed the steps that the in Egypt and around the world, and Egyptian stock market must take in order to facilitate called upon the next generation of economic growth in Egypt. Suggestions included business people to lead the new future opening up the Egyptian Stock Exchange to small of Egypt’s business community. investors to to create new jobs. Counselor Ahmed Ragab, executive director of the Center for Mike Baghdady Transparency, with members of Corporate Governance Club (April 10, 2011)

April 7, 2011 May 11, 2011 The Future of Decentralization in Post January 25 Egypt Revolution 2.0? Ahmed Kamaly, chair of the Department of Economics, organized a lecture by Roy B Kelly, professor Nagla Rizk, director of A2K4D and Nahed Azzab, assistant professor of management, hosted a of practice of public policy at Duke University. Kelly explained that the Egyptian revolution will panel discussion with Wael Fakharany, regional manager at Google (Egypt and North Africa), as be an ongoing process until specific reforms and goals are achieved. Kelly also covered ways to a special guest. Panelists discussed the potential for using the Internet and social media for effectively achieve positive results from the revolution in a timely manner. economic growth and development in Egypt.

22 23 The School of Business: Annual Report 2010 - 2011 “The 2010 - 11 academic year became a true landmark in the history of Egypt. The January 25 revolution positions Egypt towards a new future as of the year 2011 and the forthcoming years. Education will be the driving force of development and the pivot of new Egypt. AUC has always had its impact on how education can bring to the labor force of Egypt a top-caliber, well-developed group of personalities.

This is an occasion on which I would like to congratulate the administration of AUC, the leadership of the School of Business, faculty and staff members and students. Their collaborative efforts established the true brand of the School of Business as a most distinguished school. It also was the major impetus behind setting a model for other schools in the region of how education can help create a direct contribution to society economically, socially, and politically. It is difficult to be the top school in the region, but much more difficult to stay on top.

One of the major contributions of the School of Business in the year 2010 – 11 was to try to capture the spirit of the January 25 revolution and to revisit the programs of the school, so as to give the right signals for a new Egypt. I commend these efforts and I see that AUC students are no longer isolated from Egyptian economic, social, and political affairs. In fact, they are right in the heart of the action.

I wish that this spirit continues in order to forge our new Egypt and to realize the needed change to the lifestyle of our citizens. At the end, this is what we all aspire for. May our dream come true.”

Professor of finance and banking, chairMedhat of the Council of the HassaneinSchool of Business, AUC; Egypt’s former Minister of Finance

24 Strategic GOALS

Relevant, Current and Innovative Curricula and Programs Relevant, Current and Innovative Curricula and Programs

“The world today seeks an enlightened leader who is Undergraduate Programs responsible for creating shareholder and positive social values The expansive leadership model at AUC helps in cultivating The Special Topics in Marketing course was introduced with a focus on business cases and consultancy applications. It considers selected topics of current relevance in marketing. the sensibility to make an impact and think beyond profits. New marketing concentration courses are being offered, such as the Advanced Marketing The distinguished faculty, competitive curriculum, Research course. Topics will be chosen with particular emphasis on their value to Egyptian and state-of-the-art infrastructure at AUC help to impart a world-class and regional organizations. The E-marketing course focuses on principles, best practices, and hands-on applications of e-marketing. business education. The Entrepreneurship and Small Business Management course is to be counted as One of the biggest strengths of AUC is its location in Cairo that provides the students a capstone course within the Core Curriculum (cross-listed with the School of Sciences and with a unique blend of social, political, and cultural life of the Middle East.” Engineering). It is an interdisciplinary course combining skills from all areas of business, with special focus on problems encountered by entrepreneurs in the Middle East and development of solutions for those problems.

The Emerging Economies course’s name was revised from Comparative Economic Systems to Emerging Economies. Emerging market economies are developing nations that possess a Dean of INSEAD; former dean and professor of marketing,Dipak Kellogg School C. of Management, Jain combination of relatively deep financial markets, resource endowments, encouraging demographic Northwestern University; member of the Dean’s Strategic Advisory Board, features, attractive business environments and vibrant domestic market activities that enable School of Business, AUC. them to enjoy rapid growth and development.

28 29 The School of Business: Annual Report 2010 - 2011 Relevant, Current and Innovative Curricula and Programs

“I think that the School of Business at AUC has made great progress April 18 - 20, 2011 over the last few years, which certainly makes me proud everywhere I go. The Sixth International Conference on Higher Education Marketing The School of Business hosted the first International Conference on Higher Education Marketing (ICHEM) outside of Europe since the establishment of the Academy of Marketing (AoM). Participants I’m currently studying for my MBA at Harvard Business School, and I included 15 foreign delegates from universities in the United Kingdom, Vietnam, South Africa, can definitely say that our undergraduate education is superior to that of Malaysia, Indonesia, Syria and Jordan, as well as 11 Egyptian delegates from AUC, the German University in Cairo (GUC), Misr International University (MIU), and Cairo University. AUC President

Photo by Mohamed Sami business schools in many other countries. Lisa Anderson and Professor Felix Maringe, ICHEM’s chair, presented the opening speech and the keynote speaker was Mark Stephens, country director of the British Council. Co-chair of AUC also develops a whole set of skills that many people don’t have, the conference was Ibrahim Hegazy, marketing academic unit head and associate professor of such as public speaking skills, presentation skills, and writing skills.” marketing at AUC. The executive director was Maha Mourad, assistant professor of marketing at AUC. The Egypt Tourism Development Authority sponsored the event.

MennatAllah Gaafar’06

April 2011 Collaboration Between AUC’s School of Business Students (supervised by Nahed Azzab, assistant professor of management) and Students from the College of Information Sciences and Technology at Pennsylvania State University (supervised by Jan Mahar, senior lecturer) to Develop an Interactive Information System The Sixth International Conference on Higher Education Marketing For the second year in a row, the College of Information Sciences and Technology (IST) at Pennsylvania (April 18 - 20, 2011) State University (PSU) requested to collaborate with AUC’s business students for a project to develop an information system for Egypt, taking into consideration Egypt’s culture, political situation, demographics and IT infrastructure. Based on the collaboration, PSU students designed a cell phone disaster reporting tool allowing disaster victims to send a photograph of any relevant event to be posted as a GPS coordinate on an interactive map.

30 31 The School of Business: Annual Report 2010 - 2011 Relevant, Current and Innovative Curricula and Programs

May 4, 2011 May 24, 2011 AUC Annual Advertising Award Booz & Company Judge Graduating Seniors’ Business Plans The award ceremony was sponsored by Vodafone and Al-Ahram and organized by Ibrahim Hegazy, Sherif Nagui and Dina El Haddad, consultants from renowned consulting services firm Booz & head of the marketing academic unit, associate professor of marketing and chair of AUC’s Annual Company, and Ahmed Halawa, an investment banker from EFG-Hermes, joined Iman Seoudi, Advertising Award (AAAA) for 2011. AAAA have been recognizing outstanding advertising works with assistant professor of management, in judging business plans presented by the Spring 2011 gold, silver and bronze prizes in different categories such as Web sites, outdoor advertisements, graduating class. The winning plan was for a company that provides microfinance services for newspapers advertisements, among others. A special award is also given to recognize outstanding Egyptian entrepreneurs in underserved areas of Cairo. contributions and milestones in advertising in Egypt, either for individuals and/or institutions.

“Being given the opportunity to work at the dean’s office was a very rewarding experience. I got to work alongside graduate students on a hands-on and relevant research for an AUC-Coca-Cola partnership.

Given the field of study, which was solid waste management and plastic recycling, I felt like we would, one day, make a difference in our country.

I will walk away from this experience with countless new lessons, as it gave me great insight into the working life. I’m sure that this experience will be a great stepping stone AUC’s Annual Advertising Award (AAAA) Ceremony (May 4, 2011) for my career later on.”

Student, political scienceNada major, business El administration Ahwal minor

32 33 The School of Business: Annual Report 2010 - 2011 Relevant, Current and Innovative Graduate Programs Curricula and Programs

Graduate Programs

Master’s of Business Administration Doing Business in the Middle East Program (DBiME) This comprehensive five-day program at AUC exposes participants to the academic and corporate New Interdisciplinary Concentrations perspectives of current issues in the region. The program is offered internationally to MBA and MBA with a Construction Industry Concentration executive MBA students seeking first-hand regional experience. The program is managed by the The MBA program, in collaboration with the Department of Construction and Architectural International Executive Education Institute. Engineering at the School of Sciences and Engineering, introduced a new concentration with a construction industry focus.

MBA with a Biotechnology Concentration The MBA program is working with the Department of Biotechnology to create an interdisciplinary biotechnology MBA. “AUC’s MBA program provides Egypt’s leaders of tomorrow with the right mix of outstanding and globally recognized faculty New Concepts in Special Topic Operation Management members, exceptional classmates with diverse experiences at blue The Operational and Supply Chain Improvement Practicum course will be offered to MBA students chip companies, and state of the art curricula that is supported by as of Fall 2011. This course is offered in close cooperation with three consulting firms that the latest classroom and research resources.” have operational improvement as one of their core competencies. It gives students hands-on management consulting experience by allowing them to participate in operational improvement projects with a client company.

MBA student and new models and projects senior section head, BMW El-Khazindar Business Research and Case Center Competition Sherif Masoud Together with El-Khazindar Business Research and Case Center (KCC), the MBA office organized a case competition for MBA students. Out of 33 cases received, KCC accepted 20 cases for the competition. Three cases won monetary prizes and four cases were selected for the IGI Global and KCC casebook competitions.

34 35 The School of Business: Annual Report 2010 - 2011 Relevant, Current and Innovative Graduate Programs Curricula and Programs

Internationalization of the MBA program MBA students from two prominent North American business schools have visited AUC in Janurary 2011. “We are impressed with the sophistication of the pedestrian-friendly campus which creates a great environment for students.” January 9, 2011 Carolyn Blakely, vice president of the Student Council, MBA 2011, Rotman School of Management Rotman School of Management, University of Toronto “In Toronto, we are lucky to have a lot of resources and it’s nice to see the same here. North Americans usually underestimate this region. It’s a great opportunity for the students to realize there is much more to learn from this part of the world” Laura Wood, director of the International Office, Rotman School of Management

Rotman School of Management MBA Students’s visit (January 9, 2011)

The visit aimed to offer Rotman School of Management students with a better perspective of MBA education in Egypt and to showcase the resources available in the region. Students toured AUC New Cairo facilities and discussed various issues with Professor Mohamed Radwan, Dean Sherif Kamel, and Mr. Osama Mourad. Topics discussed included deal making in the Middle East, IT in Egypt and the Egyptian capital market.

36 37 The School of Business: Annual Report 2010 - 2011 Relevant, Current and Innovative Graduate Programs Curricula and Programs

January 12, 2011 April 16, 2011 Columbia Business School, Columbia University Access MBA Event For the second time, the MBA Program of AUC’s School of Business participated in the Access MBA event. Thirty predetermined one-on-one meetings were held with students who were interested in joining the program. The MBA Program’s executive, Rabab Abuel Fetouh, also participated as a panelist in a discussion on how to choose the correct MBA program.

May 17 - 18, 2011 Simulation and E-Learning Workshop for School of Business Faculty The MBA program offered a simulation and e-learning workshop conducted by Youssef Bissada, professor emeritus of entrepreneurship at INSEAD, France, and distinguished adjunct professor of Columbia Business School MBA Students’ visit (January 12, 2011) entrepreneurship at AUC, and Hoda Irani Bissada, the current managing director Twenty students from the Columbia Business School visited AUC New Cairo and explored various of Bissada Management Simulations facilities. Following the tour, Professor Mohamed Radwan gave a lecture on “Challenges to Business (BMS), a company specializing in and Marketing in the Region.” The MBA students then visited the Egyptian Stock Exchange, where the development and teaching of Hoda Bissada explaining simulation case (May 2011) they had a tour and attended different lectures. computerized management simulations and pedagogical packages. The workshop was attended by 20 faculty members from various “We never thought that AUC has such huge campus. I think that this is a very good opportunity for disciplines within the School of Business. students from Columbia to be here, as this will encourage them to participate in other exchange programs concerning Egypt with AUC.” Christine Sedky, group leader, MBA 2011, Columbia Business School

38 39 The School of Business: Annual Report 2010 - 2011 Relevant, Current and Innovative Graduate Programs Curricula and Programs

July 24 – 30, 2011 MBA Students Visit Ankara for Doing Business in Turkey Study Tour

MBA group with His Excellency Abderahman Salaheldin, Ambassador of Egypt to Turkey (July 2011) The MBA team at work (July 2011)

The Doing Business in Turkey Study Tour (DBiT) is designed to give AUC students an edge in the rapidly- Students attended lectures and visited different companies to understand how various evolving global markets by exposing them to different academic, corporate and cultural perspectives. enterprises function in Turkey, as well as how local businesses and industries are influenced by This is the first tour of this kind in a series of international study opportunities for MBA students. The history, culture and politics MBA study tour started at Bilkent University in Ankara, Turkey’s first private and nonprofit university. The tour continued to the Turkish Confederation of Businessmen and Industrialists in Istanbul, an association of top economic and social development industry leaders.

40 41 The School of Business: Annual Report 2010 - 2011 Relevant, Current and Innovative Economics Graduate Programs Curricula and Programs

Economics Graduate Programs January 6 - 7, 2011 New world, New Capitalism Conference Master of Arts in Economics The Department of Economics’ delegation of five graduate students, led by Adel Beshai, director The Master of Arts in economics is designed to provide students with a strong theoretical of economics graduate studies, represented AUC at the “New World, New Capitalism” conference foundation, up-to-date quantitative skills and critical thinking tools that are necessary held in Paris, France, organized by Éric Besson, French Minister of Industry, Energy and the to succeed in a world-class doctoral program or advance through the ranks of their chosen Digital Economy. The School of Business was one of professions. It continues to attract local and foreign students who either only pursued a master’s four main academic partners; other partners included degree or moved on to seek PhD programs. the London School of Economics and Political Science, Sciences Po and Columbia University. The delegation Master of Arts in Economics in International Development submitted a paper titled “The Euro-Mediterranean This program is designed for students who wish to acquire an advanced understanding of the field Partnership: A Southern Perspective toward of development economics through a highly interdisciplinary approach. The program also promotes Sustainable Growth and Development”. effective unification of theoretical foundations with the modern applications of policy within the Adel Beshai, professor of economics and director of economics graduate studies, developing world through practicum with a nongovernmental organization outside AUC. Graduates with School of Business delegates (January 2011) of this program continue to be employed by United Nations agencies, The World Bank, bilateral donor representative offices and projects, non governmental organizations and development- finance institutions. Students have recently taken positions in governmental departments directly concerned with developmental planning and evaluation.

Graduate Diploma in Economics in International Development This program is designed for students who wish to gain basic understanding and knowledge of development economics without proceeding toward a master’s degree. The diploma program is also interdisciplinary to provide a broader and more integrated perspective of development issues.

42 43 The School of Business: Annual Report 2010 - 2011 Relevant, Current and Innovative Executive Education Curricula and Programs

Executive Education The Institute of Banking and Finance developed a new professional certificate on integrated retail in banking, set to launch in September 2011. Management Center (MC) The Management Center launched a major project to review and update its curricula. The center Expansion to Governorates revisited six professional diplomas and developed new curricula. The Management Center has launched programs in Alexandria, in cooperation with i-Learn Andalusia Group. Staff Participation in Regional Events Amr Hamdy, director of the Management Center, spoke about international cooperation in Skills Castle Academy has launched Management Center programs in Tanta to address increasing professional development at the EFMD conference, which focused on the MENA region and was demand for healthcare professional development programs. held in Dubai in November 2010.

New Programs and Projects Hamdy spoke on quality improvement in professional development at the QS-Maple conference in An anti-corruption awareness program was developed with the Governance Center of the Ministry Dubai in April 2011. of State for Administrative Development in Egypt and the International Law Institute in the United States. The program is developed in Arabic and English, targeting Egypt and the Middle East.

A new professional diploma in the area of utility management was developed in cooperation with the Holding Company for Water and Wastewater and Chemonics International.

A leadership program for senior staff in the petrochemical industries was developed in cooperation with the Egyptian Petrochemicals Holding Company (ECHEM).

Two new professional postgraduate diplomas in banking credit and credit risk management, and corporate finance and investment were launched by the Management Center to address increasing market demand in these domains.

44 45 The School of Business: Annual Report 2010 - 2011 Relevant, Current and Innovative Executive Education Curricula and Programs

Citadel Capital Financial Services Center (CCFC) March 15, 2011 Reuters Certification Program January – May 2011 Advanced Corporate Financial Modeling Course The Citadel Capital Financial Services Center (CCFC) has successfully launched a course on “Advanced Corporate Financial Modeling”, offering 35 finance professionals hands-on modeling experience with an emphasis on a systematic approach to building rigorous and structured financial models using Excel. The course is designed, supervised and taught by Eskandar Tooma, British Petroleum Associate Professor of Finance and director of CCFC. The program also features Khaled Dahawy, associate professor of accounting and director of the MBA Program and Aliaa Bassiouny, assistant professor of finance and manager of CCFC.

Jean Louis Feghaly (March 15, 2011)

This program taught students to use the Reuters software to retrieve financial data and news. The Reuters database is a one-stop database for financial data and news. Jean Louis Feghaly, a knowledge live specialist on foreign exchange and money market, presented the workshop to 45 students, providing them with a booklet for reference and for use as a study guide.

April 9, 2011 Statistical Package for Social Sciences (SPSS) Workshop The Statistical Package for Social Sciences (SPSS) Workshop workshop offered selected group of graduate MBA students an overview of the descriptive and inferential statistical methodologies Advanced Corporate Financial Modeling Course (January – May 2011) and statistical software commonly used to address various research problems, particularly topics in management.

46 47 The School of Business: Annual Report 2010 - 2011 Relevant, Current and Innovative Executive Education Curricula and Programs

April13 - 16, 2011 The Goldman Sachs 10,000 Women Entrepreneurship and Hosting the International Conference for Global Economy Leadership Program (WEL) The International Conference for Global Economy (ICGE) offered students from various backgrounds early exposure to understanding the market through practical skill-building experience. The Goldman Sachs 10,000 Women Entrepreneurship and Leadership Program is part of the Goldman Sachs 10,000 Women initiative. The initiative is a five-year investment by Goldman Sachs to provide 10,000 underserved women around the world with a business and management education. The program at AUC, in partnership with the Wharton School of Business of the University of Pennsylvania, has graduated over 200 entrepreneurs since its inception in 2008. In addition to classroom training, the program also provides business advising, mentoring and networking services to entrepreneurs after graduation. Qualified graduates are provided with access to finance through the Social Fund for Development. The program’s curriculum includes a wide range of entrepreneurial subjects delivered by renowned faculty internationally and from AUC, as well as industry experts. Workshops, field visits and networking events are organized to provide women with practical business information that complements what they are learning in class. Throughout the program, entrepreneurs are assisted with developing their own business plans to help facilitate future growth. Selection panels were held in April 2011, and 34 promising Delegates during the stock market simulation (April 2011) entrepreneurs from throughout Egypt were invited to join the next cohort. This group is particularly special, as it is the first since the revolution.

48 49 The School of Business: Annual Report 2010 - 2011 Relevant, Current and Innovative Executive Education Curricula and Programs

April 18, 2011 June 23, 2011 U.S. Ambassador-at-Large for Global Women’s Issues Visits Goldman Sachs WEL Graduation Ceremony

U.S. Ambassador-at-Large for Global Women’s Issues, Melanne Verveer, with program representatives and WEL graduation ceremony (June 23, 2011) graduates (April 18, 2011) The Goldman Sachs 10,000 Women Entrepreneurship and Leadership program was delighted to The 2010 graduation ceremony was a celebration of the success of more than 100 graduates. host the United States’ Ambassador-at-Large for Global Women’s Issues, Melanne Verveer, during It was attended by representatives from Goldman Sachs, AUC President Lisa Anderson, faculty her visit to Egypt in April 2011. The ambassador met with several program graduates to learn members, families of the scholars, program staff and other key stakeholders and industry experts. more about their achievements and the challenges they face in their businesses. She also held a roundtable discussion at AUC with a select group of women leaders and entrepreneurs to discuss the state of women’s entrepreneurship in Egypt and women entrepreneurs’ achievements and challenges, especially in light of the transitional period that Egypt is experiencing following the January 25 revolution.

50 51 The School of Business: Annual Report 2010 - 2011 Relevant, Current and Innovative Executive Education Curricula and Programs

International Executive Education Institute (IEEI) January 8 - 13, 2011 A Complete Course in Risk Management International Executive Education Institute Programs

October 11 - 13, 2010 Competition Law for Executives

A Complete Course in Risk Management (January 8 - 13, 2011)

This training program was offered for the third time and developed jointly with the Professional Risk Managers’ International Association (PRMIA). The course works toward bridging the gap between theory and practice in financial risk management by educating participants on issues Competition Law for Executives (October 11 - 13, 2010) such as markets and financial instruments, market risk management, corporate governance, and Working in partnership with the Egyptian Competition Authority (ECA) and the Commercial Law capital allocation. Development Program (CLDP), the International Executive Institute (IEEI) offered a three-day program on competition law for organizations operating in Egypt.

52 53 The School of Business: Annual Report 2010 - 2011 Relevant, Current and Innovative Executive Education Curricula and Programs

March 14 -15, 2011 April 18 - 20, 2011 The Principles and Practices of Strategic Communication Food Industry Management The program aimed to provide participants with a comprehensive understanding of the process,

Food Industry Management (April 18 -20, 2011) The Principles and Practices of Strategic Communication (March 14 - 15, 2011) Developed in cooperation with the United Nations World Food Programme Program and the School function and methods of effective use of strategic communication for the corporate sector, as well of Sciences and Engineering, this program uses an interactive and thought-provoking approach to as existing external support networks and the unique challenges of strategic communication in help expand executives’ and managers’ knowledge in the areas of economics, supply chain, food developing markets. The program was delivered by Richard Banks, chief executive officer, RM Bank & safety, genetically modified food, innovation in additives, as well as corporate sustainability within Co and Sarah Broberg, deputy managing director at TRACCS Egypt. the food industry.

54 55 The School of Business: Annual Report 2010 - 2011 Relevant, Current and Innovative Executive Education Curricula and Programs

May 15 - 16, 2011 January 13 - June 26, 2011 Finance for Entrepreneurs in Changing Times Program Real Estate Executive Development Program This program sought to provide entrepreneurs with a solid understanding of finance for start-up companies, which is the backbone for business success. The course covered vital issues, including sources of finance such as equity financing, loans, and venture capital, as well as key concepts in finance including time beak-even analysis, value for money and cash flow analysis.

May 31 - June 1, 2011 Supply Chain Excellence for Marketing Success This program was carried out in cooperation with the Rotterdam School of Management (RSM). The course focused on the impact of supply chain operations on the bottom line, the fundamental trade-offs involved as a result of the natural tension between supply chain and marketing/sales, the effect of variability on supply chain and operational performance and the design factors of an operationally excellent organization.

This program was established in 2009 in partnership with the National University of Singapore (NUS) and the real-estate community in Egypt, lead by DMG Mountain View, the founding corporate partner of the Real Estate Academy. The 19-day executive development program consisted of seven modules covering various aspects of the real estate business, as well as urban land use and planning of the Egyptian market. The program included an elective five-day intensive study trip to Singapore.

56 57 The School of Business: Annual Report 2010 - 2011 Relevant, Current and Innovative Curricula and Programs

International Executive Education Institute Customized Programs

The International Executive Education Institute (IEEI) designs and delivers customized programs to select organizations in Egypt and the region. IEEI’s value proposition is the diverse pool of highly specialized faculty and instructors from top-ranked institutional partners worldwide: Rotterdam School of Management, Continuum, Center for Creative Leadership (CCL), Wisconsin Madison, EADA, and others. In 2010 - 2011, IEEI designed and delivered three customized programs through which participants enjoyed unique international experiences.

Etisalat Misr IEEI offered Etisalat Misr the Building Leaders in a Dynamic Global Market program to 62 participants of senior management over a 12-month period and in partnership with six institutional partners including Wisconsin Madison, Continuum, Rotterdam School of Management, faculty members from INSEAD and the SP Jain Center of Management.

General Motors The GM STAR program was offered to 33 participants, in partnership with Rotterdam School of Management and Wisconsin Madison.

Housing and Development Bank The IEEI Executive Training program for the Housing and Development Bank was offered to 30 participants over a two-week period. The program included in class training sessions as well as site visits.

58 59 The School of Business: Annual Report 2010 - 2011 Relevant, Current and Innovative Executive Education Curricula and Programs

International Executive Education Institute Forums

December 1, 2010 January 13, 2011 Human Resource Conference Luncheon and Networking Forum on the Dynamics of Real Estate Human resource specialists attended this luncheon and networking event, for which the purpose was to introduce participants to the International Executive Education Institute and its new Advanced Human Resource Executive Development Program. The program is offered in partnership with leading academic and professional institutions in Egypt and internationally. The new program aims to meet the needs of HR professionals in Egypt and the region.

Forum on the Dynamics of Real Estate (January 13, 2011)

One hundred and forty prominent real estate industry leaders came together to celebrate the launch of the first Real Estate Executive Development Program (RE-EDP) in Egypt. The program was offered by IEEI’s Real Estate Academy and the National University of Singapore’s Department of Real Estate. The event included speeches by former Minister of Housing Ahmed El Maghrabi, President Lisa Anderson, Dean Sherif Kamel, Director of the Department of Real Estate at the National University of Singapore Yu Shi Ming, and Regional Representative of the Royal Institute for Chartered Surveyors RICS Jim Drysdale.

60 61 The School of Business: Annual Report 2010 - 2011 Relevant, Current and Innovative Executive Education Curricula and Programs

April 9, 2011 International Events Attended by IEEI Staff CEO Roundtable on Prospects for the Real Estate Industry The Real Estate Academy organized a roundtable to discuss some of the most pressing issues EFMD/AABS (European Foundation for Management Development / Association for within today’s real estate industry. Andrew Baum, professor of land management at the Henley African Business Schools) Joint Africa Conference: School of Business, served as the director and moderator of the roundtable, using models from Building a Business School in the XXIst Century - The Africa Case, AESE Business School, Lisbon, 1990’s Eastern Europe to demonstrate the changes that occur within the real estate industry Portugal, September 19-21, 2010, attended by Sherine Gad ElMawla, Senior Corporate Relations during transitional periods similar to the one Egypt is facing. Baum also shared strategies that Manager. can be implemented to overcome difficulties in such challenging times. 2010 EFMD Executive Education Meeting, Ashridge, UK, October 10-12, 2010, attended by Ghada Howaidy, Director. June 13, 2011 Affordable Housing Forum GRI (Global Real Estate Institute) Event, Sharm ElSheikh, Egypt, November 2010, attended With the aim of pushing Egypt by Ghada Howaidy, Director, Sherine Gad ElMawla, Senior Corporate Relations Manager, Sherine closer to a superior affordable ElMeshad, Academic Partnerships Manager, and Sabreya ElShoura, the Real Estate Academy housing delivery system, this Program Manager. event brought together experts from the United States, Mexico 2010 EFMD Conference in the MENA Region, Dubai, U.A.E 28-30 November 2010, attended and Turkey to recount their by Sherine ElMeshad, Academic Partnerships Manager. successful experiences in this EFMD Conference on Master Programs, Barcelona, Spain, 13 – 15 Dec 2010, attended by area of development. The event Sherine Gad ElMawla, Senior Corporate Relations Manager. was also an opportunity to synergize public and private 4th COMESA (Common Market for Eastern and Southern Africa) Investment Forum, sector efforts in establishing Dubai to Africa Unlocking the Markets of the Future, March 23-24, 2011, attended by Sherine Gad affordable housing in Egypt. Speakers in this forum included the U.S. Affordable Housing Institute, ElMawla, Senior Corporate Relations Manager. Mexico’s Infonavit and The Housing Development Administration of Turkey, as well as corporate and AABS Annual Members Meeting, University of Cape Town (UCT), Graduate School of Business, Cape government representatives of real estate sector in Egypt. Town, South Africa, April 2011, attended by Sherine Gad ElMawla, Senior Corporate Relations Manager.

62 63 The School of Business: Annual Report 2010 - 2011 “Innovative and relevant management education is no longer the exclusive domain of some Western or Asian business schools.

Under the leadership of Dean Sherif Kamel, the School of Business of The American University in Cairo is now one of the leading institutions in the Middle East offering rigorous and relevant education and training to existing and future executives, who are the major agents of change and development in the region.”

Henry Grunfeld Chaired Professor of Investment BankingGabriel and former dean Hawawini of INSEAD, France and Singapore; member of the Dean’s Strategic Advisory Board, School of Business, AUC

64 Relevant, Current and Innovative Centers and Programs Curricula and Programs

Centers and Programs May 17 - 20, 2011 Open Africa Innovation Research Workshop Access to Knowledge for Development (A2K4D) Nagla Rizk participated in the workshop for the Open Africa Innovation Research (AIR) project, organized by the University of Cape Town and the University of Ottawa held at Cape Town, South Africa. A2K4D has

October 2010 been selected as the northern hub for Open AIR, and Rizk has been selected as a member of the project’s Access to Knowledge for Development Receives Richard Bartlett Gift steering committee. Participating institutions presented and discussed proposals for case studies on Access to Knowledge for Development (A2K4D) received the Richard Bartlett Gift pledged to the project’s various themes. Rizk presented the two proposals by A2K4D and Tunisian affiliates, and support collaboration between A2K4D and the Information Society Project (ISP) at Yale Law School participated in setting the action plan for the next phase of the project. for the academic period 2010 through 2013.

May 28, 2011

January 18 - 19, 2011 An Egyptian National Open Source Adoption Strategy Access to Knowledge Global Academy Founding Members Annual Meeting A2K4D partnered with the Arab Digital Expression Foundation (ADEF) in hosting an event that Through close collaboration with the Information Society Project (ISP) at Yale Law School and the addresses the Egyptian national open source adoption strategy, which is a key research area for Bartlett gift, A2K4D’s free and open source software (FOSS) Arab research team was well represented A2K4D and one of the subjects of A2K4D’s first book, Access to Knowledge in Egypt: New at this meeting, held at Cape Town, South Africa, in a session organized by Nagla Rizk, A2K4D’s Research on Intellectual Property, Innovation and Development (Bloomsbury Academic, director. The session was dedicated to discussing work on this project, sponsored by A2K4D. 2010). As the first of a series of planned activities, this event was well-attended by members of the Egyptian open source community, civil society and government.

66 67 The School of Business: Annual Report 2010 - 2011 Relevant, Current and Innovative Centers and Programs Curricula and Programs

June 15, 2011 July 28 - 31, 2011 A2K4D’s Second Annual Workshop: A2K4D Hosts Second Arab Technology Expert Meeting Access to Knowledge, Democratizing Technologies and Development A2K4D hosted and participated in the second annual meeting for Arab technology experts, a dynamic and diverse group of software and technology professionals, activists, journalists and economists from around the Arab world. Participants convened in Cairo to work on a number of current technology issues related to the Arab Spring, namely harnessing the power of new media in bringing about positive change and discussing proposals for a number of new projects.

A2K4D’s Second Annual Workshop (June 15, 2011)

A2K4D held its second annual workshop at AUC Tahrir Square, which looked at ways through which knowledge and technology can intersect to maximize access and democratization – components held as crucial catalysts for human development. The event was split into two sessions. In the first session, presenters gave multidisciplinary examples of knowledge democratization through advocacy and technology tools. The second panel looked at technology democratization, analyzing the struggles of free and open source software (FOSS) in the Arab world. The panel was comprised of A2K4D’s research team, which included members from Syria, Morocco, Tunisia, Jordan, Saudi Arabia, Lebanon and Egypt.

68 69 The School of Business: Annual Report 2010 - 2011 Relevant, Current and Innovative Centers and Programs Curricula and Programs

El-Khazindar Business Research and Case Center (KCC) Mini Cases (three to five single spaced pages) KCC has published 13 mini cases this year, in addition to 22 mini cases that are at the editing November 8 - 9, 2010 stage. These include cases in collaboration with the Gerhart Center, UNDP Egypt, and Aramex. KCC Abraaj Capital Celebration of Entrepreneurship Conference - WAMDA Partnered with MIT Press to publish a special issue of their journal Innovation, focusing on for- Ahmed Tolba, director of El-Khazindar Business Research and Case Center (KCC), represented the profit entrepreneurship in the MENA region. Sixteen mini cases will be included. center in announcing KCC’s partnership with Aramex to the media, at WAMDA, Dubai. Through the partnership, 12 case studies on successful entrepreneurs in the region will be produced. Micro Cases (less than one page) KCC published 28 micro cases, including 26 profiles of companies and entrepreneurs, in May 2011 collaboration with INJAZ Egypt. KCC developed a case study on ElSou2.com to be used at the KCC Presentation: Students as Case Writers Endeavor Egypt competition. Ahmed Tolba conducted a presentation at the Center for Learning and Teaching (CLT) symposium. Tolba demonstrated to the audience how KCC has adopted an innovative model to engage students Workshops in writing case studies, which has led to a large output of quality cases. Case Writing Workshops Publications KCC conducted six workshops targeting undergraduate and MBA students, staff at AUC’s John D. Gerhart Center for Philanthropy and Civic Engagement and United Nations Development Long Cases (more than 10 single spaced pages) Programme in Egypt. Cases on Business and Management in the MENA Region: New Trends and Opportunities – in partnership with IGI Global Publishing and includes 17 cases with teaching notes. Case Solving Workshops KCC conducted three workshops for undergraduate business students, two of which were held by The MENA Journal of Business Case Studies (forthcoming) - in partnership with IBIMA McKinsey & Company in Dubai. Publishing. Twelve long cases are currently under review.

70 71 The School of Business: Annual Report 2010 - 2011 Relevant, Current and Innovative Centers and Programs Curricula and Programs

Competitions November 27, 2010 First Case Solving Competition November 10, 2010 KCC National Undergraduate Case Writing Competition KCC announced the top three winners of the competition, which involved participants from The American University in Cairo, The British University in Egypt and Misr International University. A total of 24 cases were submitted with 15 cases partially accepted for publication at KCC.

The winning team is presented its award (November 27, 2010)

KCC, in collaboration with McKinsey & Company, organized a case solving competition among business and economics students. A judging panel of six experts, made up of two McKinsey consultants, one local consultant and three AUC professors, evaluated team presentations. The winning team, comprised of business students Ahmed El Refai, Ali Khadr, Dalia Abdel-Latif and Farida Zaky, qualified to compete at the McGill International Case Solving Competition in Canada in March 2011.

“KCC-McKinsey & Company’s case solving competition was one of the best experiences a business student could have” Mahmoud Abdalla, undergraduate business senior participant and third place winner

“The competition was an exceptional opportunity to apply and enhance our problem solving skills” Ali Khadr, member of the team that won the competition

72 73 The School of Business: Annual Report 2010 - 2011 Relevant, Current and Innovative Centers and Programs Curricula and Programs

March 22 - 26, 2011 The McGill Management International Case Solving Competition Four undergraduate students from the School of Business at AUC and faculty advisor Ahmed Tolba participated in the McGill Management International Case Solving Competition (MMICC) for

The McGill Management International Case Solving Competition (March 2011, Montreal, Canada. This 22 - 26, 2011) participation was part of the winning prize of the KCC-McKinsey & Company’s case solving competition, which was held at AUC in November 2010. During the first couple of days, students participated in networking and cultural activities. As the only MENA region team, AUC students competed against teams from 10 internationally renowned universities in a 24-hour case solving competition. The AUC team benefited greatly from the overall experience.

74 75 The School of Business: Annual Report 2010 - 2011 Relevant, Current and Innovative Centers and Programs Curricula and Programs

Entrepreneurship and Innovation Program (EIP) October 26, 2010 TechWadi - AUC School of Business Mentorship Roundtable and Panel 2010 - 2011 This major entrepreneurship day started with a roundtable discussion for 32 pre-selected young Ossama Hassanein appointed Willard W. Brown Chair of International entrepreneurs who met mentors from TechWadi, Silicon Valley and the region to discuss challenges Business Leadership and opportunities. The day’s main aim was to build bridges, provide mentoring opportunities to Ossama Hassanein, partner at the Rising Tide Fund and chair of TechWadi’s board, was appointed the country’s aspiring entrepreneurs and promote entrepreneurship in Egypt. In the afternoon, Willard W. Brown Chair of International Business Leadership for the academic year 2010 - 11. more than 200 people attended the leadership panel titled “The Promise of Entrepreneurship Hassanein is also a member of the Dean’s Strategic Advisory Board, School of Business, AUC. for Egypt,” which was open to AUC students, alumni His extensive experience in entrepreneurship and vast network of contacts provided the program and business executives. The panel discussed the with invaluable opportunities to connect with prominent entrepreneurs, angel investors, domain role local leaders can and must play to facilitate experts and inspiring role models. Throughout the year, the school planned various programs for a vibrant and thriving ecosystem, and featured Hassanein to meet with undergraduate students, graduate students, and alumni. Hassanein several high-profile panelists such as Wael Ghonim, also participated in prominent school- wide events, such as MBA debates, Meet the CEO series, head of marketing at Google MENA and as well as Left to right: Wael Ghoneim, Constantin and IT forums, as well as other events organized with business associations and organizations Delivanis, and Ossama Hassanein speak in the TechWadi100 charter members. outside AUC. panel discussion (October 26, 2010)

76 77 The School of Business: Annual Report 2010 - 2011 Relevant, Current and Innovative Centers and Programs Curricula and Programs

October 26, 2010 Launch of the Alumni Entrepreneurship Interest Chapter “Entrepreneurship is a key foundation of Egypt’s economic future. AUC’s Office of Alumni and Trustee Affairs launched the entrepreneurs’ chapter during the TechWadi panel at Moataz Al Alfi Hall, AUC New Cairo. Chapter leader Tarek Howeidy ’98 gave a speech to AUC’s School of Business has chosen to bridge the gap between the attendees in which he talked about his entrepreneurial experience and introduced the Loyal for business education and practice in a very impressive, Life AUCian campaign. ambitious manner.

November 3 - 10, 2010 Driving the ecosystem creation is what we have already seen Global Entrepreneurship Week in a very short time with tremendous results.” As a partner in the 2010 Global Entrepreneurship Week (GEW), the School of Business organized an Entrepreneurship and Innovation Program (EIP) panel for students titled “Learn from Experience: true successes and failures”; a student workshop by Hatem Azzam, chief executive officer of Chief executive officer, Enterprise Mobility Solutions EME; Nader Iskander Onspec Tawakol for Engineering; a seminar for graduate students titled “An Experience of an member of the Entrepreneurship and Innovation Program (EIP) Council, Entrepreneur” by Ashraf Sheta, general manager of Shetatex; a roundtable discussion on teaching School of Business, AUC entrepreneurship, which brought together Egyptian faculty from public and private universities; and a training session on entrepreneurial finance for faculty titled “Creating a University Ecosystem for Entrepreneurship”, led by Youssef Bassida, emeritus professor of entrepreneurship and family enterprise at INSEAD and organized with Goldman Sachs 10,000 Women Entrepreneurship and Leadership Program. Al-Khazindar Business Research and Case Center also held an awards ceremony for its first national case writing competition, for which entrepreneurship was the theme.

78 79 The School of Business: Annual Report 2010 - 2011 Relevant, Current and Innovative Centers and Programs Curricula and Programs

November 21, 2010 November 24, 2010 Students In Free Enterprise Egypt Leadership Training Princess Maxima of the Netherlands Lecture To prepare students to become future leaders, the School of Speaking at AUC in a lecture co-sponsored by the Business’s EIP hosted the Students in Free Enterprise Egypt (SIFE) School of Business, the United Nations and the leadership training program, sponsored by Exxon Mobil, which Embassy of the Kingdom of the Netherlands, Her brought together 700 students from 28 different universities Royal Highness Princess Máxima of the Netherlands across Egypt. The day-long training session included workshops discussed ways to improve financial services for on career networking, professional development and student those most disenfranchised by the current financial Her Royal Highness Princess Máxima of the leadership. The event focused on helping students acquire Netherlands (November 24, 2010) system. Princess Máxima’s visit to AUC coincided with the time management and organizational skills necessary for the announcement of the first guidelines published success in a highly competitive entrepreneurial marketplace. by the Egyptian Financial Supervisory Authority (EFSA) to protect Egyptian microcredit borrowers and lenders. Microcredit industry professionals have hailed this initiative as a considerable and necessary step forward for microcredit regulation in Egypt. Ziad Bahaa-Eldin, AUC trustee, Thomas Walter, vice president, Exxon Mobil (November 21, 2010) alumnus and chair of EFSA, also gave a speech at the event.

80 81 The School of Business: Annual Report 2010 - 2011 Relevant, Current and Innovative Centers and Programs Curricula and Programs

December 6, 2010 that tours seven countries in the Middle East with the purpose of developing regional Web content, The Financial Services Volunteer Corps Lecture services and applications through fostering entrepreneurship. With more than 500 attendees (of EIP hosted a lecture titled “How to Prepare for a Good an average age of 23), the Cairo ArabNet Workshop had the highest participation rate among all Loan Package”, given by Dev Strischek, senior credit ArabNet Roadshow workshops. The event boasted eight speakers, who presented four different policy officer at Sun Trust Bank. This was followed by panels/sessions on the legal, financial, entrepreneurial and industry perspectives of a startup. a presentation on HSBC’s newly-introduced A’amal package and the Yalla Business Web Portal by Bassam Azab, assistant general manager of business banking at HSBC Egypt. January 6, 2011 Global Social Venture Competition: The Social Impact Business Plan December 22, 2010 The Global Social Venture Competition (GSVC) is the largest and longest-running social business Arab-Net Roadshow plan competition providing mentoring, exposure, and $45,000 in prizes. EIP and GSVC invited entrepreneurs and MBA students to a discussion titled “Social Impact Business Plan,” moderated by Ossama Hassanien, Willard W. Brown Chair of International Business Leadership. The event preceded a presentation on GSVC competition rules and a networking session. Around 60 participants attended the event and 15 entrepreneurs presented their ideas, looking for applicants in order to form teams.

Arab-Net Roadshow (December 22, 2010)

EIP hosted the Arab Net Roadshow at AUC Tahrir Square, a free training workshop on entrepreneurship in the technology sector, titled Speed up Your Startup. The ArabNet Roadshow is a free traveling workshop

82 83 The School of Business: Annual Report 2010 - 2011 Relevant, Current and Innovative Centers and Programs Curricula and Programs

January 15, 2011 March 21, 2011 The Alexandria Business Association Event AUC School of Business Hosts Egypt Rising Event, in Partnership with TechWadi EIP arranged an informational event on entrepreneurship with the Alexandria Business Association’s In partnership with Techwadi, the (ABA) Youth Committee. The keynote speaker was Ossama Hassanein, Willard W. Brown Chair of Silicon Valley-based non-profit International Business Leadership. Invitations were extended to entrepreneurs, well-established organization working to promote business owners and corporate managers, in addition to select fresh graduates from AIESEC and entrepreneurship in the Middle East SIFE International, to attend the occasion. The event offered ABA youth committee members the and North Africa (MENA) region, opportunity to learn important lessons on the practical components of developing entrepreneurial EIP organized the Egypt Rising projects, and covered topics such as growing businesses, penetrating global markets, fundraising, event which aimed at stimulating access to venture capitalists and introduced the concept of an angel investor. ABAYC has its own economic development through entrepreneurship. The event brought together successful Arab Young Entrepreneur Program (ABA-YEP), which is currently incubating three projects. expatriates and leading thinkers in education, business, technology, and health care. The event targeted four complementary areas that have a direct impact on innovation and entrepreneurship: health care, mentorship, incubation, and venture capital. The event started with a screening of videos from Tahrir Square, followed by two speeches by Wael Ghoniem, Google’s marketing executive who became a leading figure in Egypt’s pro-democracy demonstrations and Jawad Nabulsi, partner in TTS Lead consulting management firm and partner in Boost Business Incubator.

84 85 The School of Business: Annual Report 2010 - 2011 Relevant, Current and Innovative Centers and Programs Curricula and Programs

April 28, 2011 “It’s about creating a new mindset in the “I’m looking for execution, with strong Entrepreneur’s Startup Weekend Egyptian economy. The economy needs business potential. No pie in the sky ideas.” EIP and National Net Ventures (N2V) delivered growth, and entrepreneurs are the main Omar Christidis, founder of Arab Net, (Judge) another business first in Egypt, with the first creators of growth.” Maged Ghoneima, founder of Sponsor “We’re focused on high-growth start-ups, Cairo Startup Weekend, an adaptation of a Wireless Stars facilitating boot-camps, and setting up model developed by Seattle-based nonprofit business-angel networks. Although ECP is StartUpWeekend.org. The 54-hour schedule “My start-up business was greatly helped industry agnostic in general, in Cairo the Entrepreneur’s Startup Weekend Winning Team of events is designed to mentor and support by incubation, so I’m here to help the next spotlight is on hi-tech IT businesses.” (April 28, 2011) community entrepreneurs. Cairo’s weekend generation of entrepreneurs.” Mike Ducker, from USAID’s Egypt boasted 250+ participants, 30+ volunteers, 20+ mentors, six judges, 58 pitches, 32 teams, six Mohammed El-Garhi, founder of Competitiveness Project, providers of basharsoft.com technical and financial aid prizes from N2V, including the grand prize and two prizes each from Nokia and Orange, and around 700 viewers on live-streaming. “When we heard about this event, we “Egypt is truly the land of opportunity wanted to help and give back to the right now. This is one of the StartUp The event began with a round of networking and brainstorming on Thursday evening. The idea community. We want this event to be the Weekends where I’m leaving the most creators then presented their 60 second open-mic pitch. A pitch had to be good enough to entice start of the new era in Egypt of celebrating inspired. It normally takes organizers 3 the co-workers needed from the other participants – developer, artist, marketer, system admin and entrepreneurs. They create most of the or 4 events before they reach the level of legal advisor – to join the team. From then on, the teams worked around the clock until the final wealth and jobs in an economy.” participation, community spirit and energy Mostafa Abou El Nasr, founder of Cairo has with its first event.” presentations on Saturday at 5:00 pm. Teams then presented a proof-of-concept/minimum-viable bebasata.com, and Khaled Imam, founder Clint Nelsen, from USAID’s Egypt product and the business plan, seeking to illustrate convincingly the potential for huge profits. The of books.com.eg Competitiveness Project, providers of event’s partners, notably Sawari Ventures, AmCham and USAID, were on-site throughout the event. technical and financial aid

86 87 The School of Business: Annual Report 2010 - 2011 Relevant, Current and Innovative Centers and Programs Curricula and Programs

June 5, 2011 June 12, 2011 INJAZ Student Competition EIP - INJAZ Egypt Honor Volunteers at Networking and Feedback Event EIP, in partnership with INJAZ Egypt Foundation, held an event for young EIP and INJAZ Egypt recognized the hard work contributed by volunteers in every INJAZ program with entrepreneurs at AUC New Cairo. The event a networking and feedback event at AUC Tahrir Square. The nearly 200 private-sector volunteers pitted two student companies - Oh!Snap” who came to the event had the opportunity to reflect on their experiences working as volunteers, to from the British International School of Cairo network with colleagues who share a commitment to Egypt’s next generation and to enjoy a great and Ecohusk from Cairo American College. musical performance by the band Ana Masry. The two teams competed against each other for the title of Young Entrepreneurs of the Year 2011. Cairo American College’s Ecohusk was ultimately chosen to represent INJAZ Egypt Foundation at the INJAZ Al-Arab annual regional competition, which will be held in Dubai. Ecohusk offers a sustainable and environmentally-friendly business plan that aims to design and produce a range of biodegradable products from rice husks.

EIP - INJAZ Egypt Honor Volunteers at Networking and Feedback Event (June 12, 2011)

INJAZ booth at AUC New Cairo (June 5, 2011)

88 89 The School of Business: Annual Report 2010 - 2011 Relevant, Current and Innovative Centers and Programs Curricula and Programs

June 2011 “The opportunity to stay at AUC was exceptional and greatly enjoyed by all, as were the speakers LearnServe Egypt we received from many of the University’s distinguished departments. We would like to thank EIP, together with the Institute for Education, launched the 2011 LearnServe Egypt program in an effort to AUC’s School of Business for its support of this incredible new program where all of us have capitalize on the upswing in interest in entrepreneurship and social development in Egypt. The program’s learned more than we thought possible in the past six weeks. We all had an amazing experience objective is to bring together young people from the U.S. and Egypt for the chance to work together in at AUC and have every intention to return in the future.” multi-cultural teams on socially responsible business ideas, while learning about entrepreneurship Siler Bryan, Zaina Egyptian Handicrafts and innovation and gaining (and Nada Hamada, Skyla Lilly, Omar Abdel Maksoud) practical experience. The program is conducted over a “It was great visiting AUC’s wonderful campus and experiencing the vibrancy of Egypt. We had six week period; two weeks in a tremendous time.” Egypt, two weeks virtually and Cornelius Queen, John Hophins University, Bachelor of Arts in International Studies Class of 2011 the last two weeks in the United (and Ali Darwish, Reem Shalaby, Jordan D’Eri) States, culminating with the three teams presenting their “The team which has gotten the most sizeable fund from venture capitalists included myself business ideas to potential as well as another junior business administration (finance) student from AUC. The School of LearnServe Egypt (June 2011) investors in both Egypt and Business’ vision of positioning our University at the forefront of leadership, entrepreneurship and the United States. In the U.S., the program is sponsored by the Institute for Education, LearnServe innovation in Egypt as well as the entire region is, without a doubt, working beautifully. Students International, and Mercator XXI, and affiliated with Philadelphia University’s City Science Center and of the school stand as a testimony to this and to the effort of the entire School of Business faculty.” Lafayette College. Farida Kamel, Luna Yuan, Michael Klemens, Abderahman Khalifa The management team at Ratum Technologies

90 91 The School of Business: Annual Report 2010 - 2011 Relevant, Current and Innovative Curricula and Programs

June 2011 Startup Summer Camp

Nokia Session at Startup Summer Camp (June 2011)

In partnership with a large group of volunteering entrepreneurs and SAS, the Technology Innovation and Entrepreneurship Center (TIEC), TechWadi, and the EU-Tempus, EIP started the Startup Summer Camp to boost entrepreneurship awareness in Egyptian society and provide training, mentorship and guidance to aspiring entrepreneurs. The camp was held in more than 10 cities across Egypt, and incorporated a wide range of areas such as the medical, energy, and engineering fields.The program is highly competitive with only 300 participants selected from a pool of 1,200 applicants. It consisted of a two-week training program, in which participants received training to help them create their business plans. Google, Nokia, Microsoft, and Arpu+ held networking events to mingle with mentors and help them choose their teams. Teams are to present their business plans and prototype in October 2011.

92 93 The School of Business: Annual Report 2010 - 2011 Strategic GOALS

Promoting Excellence in Teaching, Research and Intellectual Contribution Promoting Excellence in Teaching, Faculty Development Funds Research and Intellectual Contribution

Faculty Development Funds Faculty Teaching Development Fund The Faculty Teaching Development Fund (FTDF) was founded to ensure that faculty members are Faculty Research Development Fund continuously exposed to recent developments in their disciplines and that their knowledge and The Faculty Research Development Fund (FRDF) is dedicated to promoting excellence in research skills are regularly updated and developed. and quality publications, and to support faculty research endeavors. FRDF Award, a financial award dispensed from FRDF, is presented to facutly members for exceptional contribution to the intellectual life and to the quality of research output of the School of Business.

Recipients of Faculty Research Development Fund Awards (2011) These were awarded to faculty members with exceptional contributions to the quality of the school’s research output. Awards were announced at the School of Business retreat on May 7, 2011. “After setting the clear vision, this past year was that of action to execute the vision.

Monal Abdel Baki ’83 ’88, assistant professor of economics The execution relied on both hard work and teamwork. The Islam Azzam ’98, associate chair of the Department of Management, assistant professor of finance vision started to materialize like a Polaroid picture that reveals Khaled Dahawy ’90, associate professor of accounting, director of the MBA Programs itself in front of you; every detail that appeared confirmed that the vision was not just a dream. Dilip Ghosh, professor of finance Mohamed Hegazy, professor of accounting The determination of the faculty under the leadership of Dean Sherif Kamel has Maha Mourad ’95 ’99, assistant professor of marketing turned that dream into reality.” Mona Said ’89 ’91, assistant professor of economics

Khaled Samaha, assistant professor of accounting Chair and chief executive officer, Xceed; chair of the AdelDean’s Strategic Danish Advisory Board, School of Business, AUC Abdelkrim Seghir, associate chair of the Department of Economics, assistant professor of economics Angie Zaher ’00, assistant professor of accounting

96 97 The School of Business: Annual Report 2010 - 2011 Promoting Excellence in Teaching, Faculty Awards Research and Intellectual Contribution

Faculty Awards

Mohga Badran Receives Distinguished Service Award Dean of School of Business Tapped for Technology Honor Mohga Badran ’72 ’75, chair of the Department of Sherif Kamel ’87 ’90, dean of the School of Business, Management and professor of management, was was honored by the Cabinet of Egypt Information awarded the Distinguished Service Award by the and Decision Support Center (IDSC) for his 14 years University Senate for her 25 years of service at AUC. of leadership at the organization. The award was given by Prime Minister of Egypt Ahmed Nazif on the 25th anniversary of the establishment of IDSC. Kamel, who worked at IDSC from 1987 to 2000, began as a research assistant immediately after his graduation from AUC. He eventually became the founding manager of the organization’s training department. During his time leading the training Ministry of Higher Education Recognizes Entrepreneurial Expert Tarek Hatem department, the department trained more than 100,000 government employees, a task which Tarek Hatem, professor of management, has been selected to join a prestigious amounted to millions of training hours logged. national committee charged with preparing Egyptian students for the competitive global marketplace by developing their innovation and entrepreneurial skills. The National Committee for the Development of Entrepreneurship Curriculum in Egyptian Public Universities, which convened for the first time in early September 2010, includes faculties from several Egyptian universities and representatives of the Middle East Council of Small Business and Entrepreneurship. It is chaired by the advisor of the Ministry of Higher Education for International Cooperation.

98 99 The School of Business: Annual Report 2010 - 2011 Promoting Excellence in Teaching, Faculty Awards Research and Intellectual Contribution

December 12, 2011 May 3, 2011 The Fall Undergraduate Honors Assembly Graduate Honors Assembly Distinguished Faculty Award Faculty Appreciation Award William Mikhail, Professor of Economics

Samir Youssef, Professor of Management and International Business

Shawki Farag, Chair of the Department of Accounting and Professor of Accounting

100 101 The School of Business: Annual Report 2010 - 2011 Promoting Excellence in Teaching, Faculty Awards Research and Intellectual Contribution

May 8, 2011 The Spring 2011 Undergraduate Honors Assembly Excellence in Service Award Excellence in Nagla Rizk ’83 ’87, Teaching Award Director of Access to Knowledge for Ahmed Kamaly ’91 ’95, Development Center, Chair of the Department Associate Dean for Graduate Studies of Economics and Research and Associate Professor Associate Professor of Economics of Economics

Excellence in Appreciation Award Research Award Late Wafik Younan, Karim Seghir, Associate Professor of Economics Associate Chair of the (Award received by his daughter) Department of Economics and Assistant Professor of Economics

102 103 The School of Business: Annual Report 2010 - 2011 Promoting Excellence in Teaching, Faculty Awards Research and Intellectual Contribution

Galal Amin Retires After 44 Years of Teaching May 7, 2011 After 44 years of instruction, AUC bid farewell to Galal Amin, a distinguished professor, prominent School of Business Retreat economist and prolific writer. Amin, who retired in Summer 2010, has taught different economics Certificates for Distinguished Efforts courses at AUC since 1979 including Introduction to Microeconomics, Economic Development, Ahmed Abdel-Meguid, assistant professor of accounting Philosophy of Economics, and History of Economic Thought.

Mohamed Al Ississ, assistant professor of economics

Khaled Dahawy ’90, associate professor of accounting and director of the MBA program “I have been a teacher at AUC’s School of Business for about half a century. Hamed Shamma ’99 ’02, assistant professor of marketing The first time I taught there was in 1966, and I became Ahmed Tolba ’97 ’01, assistant professor of marketing and director of El-Khazindar Business Research and Case Center professor emeritus a few months ago. That makes my association with AUC’s business school longer than two thirds of my life and as much as four-fifths of all my working years.

I must say how grateful I am to this school, its teachers, students, and Medhat Hassanein, Professor of Finance and administrators for allowing me to lead a very happy and productive life for so Banking and Egypt’s former Minister of Finance many years. Hassanein, who has been the chair of the Council of the School of Business from 2009 to 2011, has been They gave me intellectual stimulation, warmth of feeling, and sufficient comfort reelected for the 2011 to 2013 term. to enable me to concentrate on academic work. It gives me pleasure to have this opportunity to express my gratitude.”

Emeritus Professor,Galal Department ofAmin Economics, School of Business, AUC

104 105 The School of Business: Annual Report 2010 - 2011 Promoting Excellence in Teaching, Samples of Faculty Publications and Participation in Regional and International Events Research and Intellectual Contribution (in alphabetical order)

Monal Abdel Baki ’83 ’88, assistant professor of economics Book Chapters Publications Abdel-Baki, M. (2011). “Development and investment in emerging markets: A real estate financial Refereed Journal Articles analysis of Egypt”. In D. Hartzell, and A. Baum, Global Property Investment Strategies, Abdel-Baki, M. (2011). “Efficacy of the Egyptian Bank Reform Plan in Mitigating the Impact of the Structures and Decisions. London: Wiley Blackwell. Global Financial Crisis”. Economic Change and Restructuring, 44 (3), 221-241. Refereed Papers in Conference Proceedings Abdel-Baki, M. (2011). “Egyptian Welfare through an Egalitarian Socioeconomic Approach”. Abdel-Baki, M. (2011). “Assessing the Efficacy of Basel III for Emerging Economies in Turmoil: International Economic and Finance Journal, 6 (1). Application to Egypt and Tunisia”. International Conference on ‘Global Trends in Finance’ Association for Sustainable Education, Research and Science. October 25, 2011. Abdel-Baki, M. (2011). “Food Security Enhancement through Subsidy Reforms: An Empirical Application to Egypt”. International Journal of Economic Issues , 4 (1), 79-101. Abdel-Baki, M. (2011). “The Costs and Benefits of Implementing Basel III in Emerging Economies”. International Congress of International Institute of Administrative Sciences. Lausanne, Abdel-Baki, M. (2011). “The Effect of Bank Reforms and Regulation on Cost Efficiency in Emerging Switzerland. July 4 - 8, 2011. Economies: A Comparative Analysis of Egypt and Turkey”. International Journal of Economic Policy in Emerging Economies, 4 (3), 227-244. Abdel-Baki, M., and Dorasamy, N. (2011). “The Efficacy of Personal Income Tax Reforms In African Emerging Economies: A Comparison of Egypt and South Africa”. EuroConference 2011: Crises Abdel-Baki, M., Kosteyk, M., and Govorun, D. (2011). “Will the Proposed Regulatory Reforms by and Recovery in Emerging Markets. Izmir, Turkey. June 27 - 30, 2011. the Basel Committee Improve Economic Performance in Emerging Economies? An Empirical Application to Egypt and Ukraine”. Corporate Ownership and Control, 8 (2), 14-29. Abdel-Baki, M. (2011). “How Can Monetary Policy Alleviate Housing Shortages? An Empirical Application to Egypt and South Africa”. The International Academy of Business and Public Book Review Administration Disciplines (IABPAD) Conference. Orlando, Florida. January, 2011. Abdel-Baki, M. (2011). “Building Prosperity: Housing and Economic Development-Book Review”. International Journal of Social Economics, 35 (5), 492-493. Abdel-Baki, M. (2011). “Alternative Methods of Enhancing Fiscal Policy Performance in African Emerging Economies: A Comparative Analysis of Egypt and South Africa”. The International Academy of Business and Public Administration Disciplines (IABPAD) Conference. Orlando, Florida. January, 2011.

106 107 The School of Business: Annual Report 2010 - 2011 Promoting Excellence in Teaching, Samples of Faculty Publications and Participation in Regional and International Events Research and Intellectual Contribution (in alphabetical order)

Events Abdel-Meguid, A., Fernando, G. D., and Elder, R. J. (2010). “Audit quality attributes, client size and Delivered a public lecture titled “Corporate Governance: The Black Swan of Basel III”. A public cost of equity capital”. Review of Accounting and Finance, 4 (9), 363-381. presentation delivered at the Banking Academy of the National Bank of Ukraine, Sumy, Ukraine, November 2010. Abdel-Meguid, A., Samaha, K., and Dahawy, K. “Preliminary Evidence on the Relationship between Corporate Governance Attributes and Audit Committee Functionality in Egypt: Beyond Checking the Delivered a public lecture titled “Costs and Gains to Emerging Market Economies of Basel III,” Box”. Corporate Governance: The International Journal of Business in Society. Accepted a public presentation delivered at the Annual Conference of the National Bank of Ukraine, Kiev, and forthcoming in Vol. 14, Issue 2, 2014. Ukraine, November 2010. Abdel-Meguid, A., Samaha, K., Dahawy, K., and Abdallah, S. “Board of Directors’ Structure, Delivered a public lecture titled “A Cost-Benefit Analysis of Basel III on Emerging Economies”, Ownership Structure and Corporate Internet Reporting Propensity and Comprehensiveness: presented at the South African Reserve Bank in Pretoria, December 2010. Evidence from the Egyptian Stock Exchange”. International Journal of Accounting and Information Management. Accepted and forthcoming in Vol. 20, Issue 1, 2012.

Ahmed Abdel-Meguid, assistant professor of accounting Events Publications Presented a research paper at the 34th European Accounting Association (EAA) Annual Congress, Refereed Journal Articles: Luiss Guido Carli University, Rome, Italy, April 20 – 22, 2011. Abdel-Meguid, A. “Auditor Industry Specialization in a MENA Region Country: Lessons learnt from PricewaterhouseCoopers – Egypt”. Emerland Emerging Markets Case Studies. Accepted Participated in the 2011 PRME Summit, “Partnership in Responsibility: Embedding PRME in Support and Forthcoming. of the Corporation of the 21st Century,” organized by Principles for Responsible Management Education (PRME) and the European Foundation for Management Development (EFMD), Brussels, Abdel-Meguid, A., Ahmed, A. S., and Duellman, S. “Auditor independence, corporate governance Belgium, June 7 - 8, 2011. and aggressive financial reporting: an empirical analysis”. Journal of Management and Governance. Accepted and forthcoming. Participated in the Association to Advance Collegiate Schools of Business (AACSB International) Sustainability Conference, North Carolina, USA, June 15 –17, 2011.

108 109 The School of Business: Annual Report 2010 - 2011 Promoting Excellence in Teaching, Samples of Faculty Publications and Participation in Regional and International Events Research and Intellectual Contribution (in alphabetical order)

Angie Abdel Zaher ’00, assistant professor of accounting Mohga Badran ’72 ’75, chair of the Department of Management and professor of Publications management Refereed Journal Articles: Abdel Zaher, A. (2011). “Institutional Ownership Influences and Executive Incentives”. Events: International Research Journal of Applied Finance, 2 (5). www.irjaf.com Presented a paper titled “West Meets (Middle) East: Psychological Capital and Job Satisfaction”, by Mohga Badran and Carolyn Youssef, at the Academy of Management’s annual meeting, San Antonio Texas, August 12-16, 2011. Ghosh, D., Ghosh, D., and Abdel Zaher, A.. (2011). “Business, Ethics, and Profit: Are they Compatible under Corporate Governance in our Global Economy?” Global Finance Journal, 22 (1), 72-79. http://www.sciencedirect.com/science/article/pii/S1044028311000081

Chang, C., Dandapani, K., Ghosh, D., and Abdel Zaher, A. (2011). “Possible Solution for the Foreclosure Crisis: 40-Year GPM”. International Journal of Business, 16 (1), 103.

Chakraborty, A., Sheikh, S., and Abdel Zaher, A. (2011). “Option Based Compensation, CEO Turnover and Corporate Governance”. International Journal of Finance, 23 (1). Forthcoming.

Events Participated in an auditing session titled The Association between Audit Opinion and Executive Turnover at The American Accounting Association’s (AAA) 2011 southeast region meeting, Destin, Florida, the United States, April 7-9, 2011.

110 111 The School of Business: Annual Report 2010 - 2011 Promoting Excellence in Teaching, Samples of Faculty Publications and Participation in Regional and International Events Research and Intellectual Contribution (in alphabetical order)

Khaled Dahawy ’90, Director of the MBA Programs and associate Dahawy, K., and El Nashar, T. “The Effect of Earnings Based Analysis’ Change Over Financial professor of accounting Analysts’ Investment Decisions in Egypt”. Journal of Economics and Accounting. Accepted Publications and forthcoming in 2012. Refereed Journal Articles: Abdel-Meguid, A., Samaha, K., and Dahawy, K. “Preliminary Evidence on the Relationship between Dahawy, K., Shehata, N., and Ransopher, T. “The State of Accounting in Egypt: A Case”. Journal Corporate Governance Attributes and Audit Committee Functionality in Egypt: Beyond Checking the of Business Cases and Applications. Accepted and forthcoming in 2012. Box”. Corporate Governance: The International Journal of Business in Society. Accepted and forthcoming in Vol. 14, Issue 2, 2014. Dahawy, K., and Samaha, K. (2011). “An Empirical Analysis of Corporate Governance Structures and Voluntary Corporate Disclosure in Volatile Capital Markets: the Egyptian Experience”. Samaha, K., Dahawy, K., Abdel-Meguid, A., and Abdallah, S. “Board of Directors’ Structure, International Journal of Accounting, Auditing and Performance Evaluation (IJAAPE), Ownership Structure and Corporate Internet Reporting Propensity and Comprehensiveness: Special issue on Financial reporting, Transparency, and Corporate Governance: Issues Evidence from the Egyptian Stock Exchange”. International Journal of Accounting and in volatile international markets, 7 (1/2), 61-93. Information Management. Accepted and Forthcoming in Vol. 20, Issue 1, 2012. Dahawy, K., and Samaha, K. (2010). “An Investigation of the Views and Perceptions of External Dahawy, K., Samaha, K., Stapleton, P., and Hussainy, K. “The Extent of Corporate Governance Users of Corporate Annual Reports in Emerging Economies: the case of Egypt”. International Disclosure and Its Determinants in a Developing Market: The Case of Egypt”. Advances in Journal of Accounting and Finance (IJAF), 2 (3/4), 331–367. Accounting Incorporating Advances in International Accounting. Accepted and forthcoming in Vol. 28, Issue 1, 2012. Samaha, K. , and Dahawy, K. (2010). “Factors Influencing Corporate Disclosure Transparency in the Active Share Trading Firms: An Explanatory Study”. (M. Tsamenyi, and S. Uddin, Eds.) Research in Samaha, K., Dahawy, K., Stapleton, P., and Hussainy, K. “The Extent of Corporate Governance Accounting in Emerging Economies, 10, 87-118. Disclosure and Its Determinants in a Developing Market: The Case of Egypt”. Advances in Accounting Incorporating Advances in International Accounting. Accepted and forthcoming in 2012.

112 113 The School of Business: Annual Report 2010 - 2011 Promoting Excellence in Teaching, Samples of Faculty Publications and Participation in Regional and International Events Research and Intellectual Contribution (in alphabetical order)

Book Chapters Events Dahawy, K., and Samaha, K. (2010). “Blending Information and Communication Technology (ICT) Speaker at the 2nd Gulf Council Accountants Conference, Kuwait, December 1 - 2, 2010. Paper with an Accounting System: The Case of the Egyptian International Motors Company (EIM)”. In presented by Dahawy, K. Samaha, K. Abdel-Meguid, A and Abdallah, S. “Corporate Governance and Cases on Businesses in the MENA Region: New Trends and Opportunities (pp. 1-9). Internet Reporting: The Egyptian Story”. Hershey: Published by IGI Global. http://www.igi-global.com/bookstore/chapter.aspx?titleid=54982 Attended the European Foundation for Management Development (EFMD) MBA Conference, Paris, Dahawy, K., and Samaha, K. (2010). “Information System Strategy Development and France, March 16-18, 2011. Implementation in the Egyptian Small and Medium Construction Enterprises”. In E-Strategies for Technological Diffusion and Adoption: National ICT Approaches for Socioeconomic Speaker at the 34th European Accounting Association Conference, Rome, Italy, April 20 - 22, 2011. Development (p. Chapter 5). Hershey: IGI Global for Publication. Papers presented by Dahawy, K., Samaha, K., and Husseiny, K. “Internal Control Mechanisms and http://www.igi-global.com/bookstore/chapter.aspx?titleid=44302 Corporate Narrative Reporting in listed Egyptian Companies: the Case of EGX 100.” Dahawy, K., Samaha, K., Abdel-Meguid, A., and Abdallah, Sara. “Association Between Corporate Governance Dahawy, K. (2010). “Strategy of Accounting Automotation: The Case of the Egyptian International Structure and Corporate Internet Reporting: Evidence on the Propensity and Comprehensiveness in Motors Company”. In E-Strategies for Technological Diffusion and Adoption: National ICT Listed Egyptian Firms” Dahawy, K., Shehata, N., and Ransopher, T. “The State of Accounting in Egypt.” Approaches for Socioeconomic Development. Hershey: IGI Global for Publication. Attended the Association of MBAs (AMBA) Conference, Geneva, Switzerland, May 25 - 27, 2011. Dahawy, K., Shehata, N., and Ismail, T. (2010). “Firm Characteristics Determinants and Disclosure Level in Emerging Market of Egypt”. In T. Ismail (Ed.), Perspectives in Accounting Practices: Attended the European Case Clearing House (ECCH) Teaching with Cases Workshop, London, Corporate Disclosure, Performance, Governance and Risk Management (pp. 17-62). United Kingdom, June 29 – July 2, 2011. Germany: VDM Publishing House Ltd.

114 115 The School of Business: Annual Report 2010 - 2011 Promoting Excellence in Teaching, Samples of Faculty Publications and Participation in Regional and International Events Research and Intellectual Contribution (in alphabetical order)

Hala El-Ramly ’85, associate professor of economics The Late Stephen Everhart, associate dean for undergraduate studies Events and administration Participant and discussant at the 31st Annual Conference of the Middle East Economic Association Events held in conjunction with the 2011 Annual Convention of the Allied Social Science Associations Served on the opening plenary at the AACSB Annual Accreditation Conference, delivering a talk on (ASSA), Denver, Colorado, United States, January 6 - 9, 2011. “The Value of International Accreditation”, Houston, Texas, United States, October 2010.

Visiting researcher in the Economics Department of the University of Houston, Texas, United States, Served on the opening plenary at the UN Global April – May 2011. Challenges Forum, delivering a talk on “The Impact of Corruption on Emerging Market Capital Flows,” Geneva, Switzerland, November 15 - 16, 2010. Abeer ElShennawy’92, assistant professor of economics Events Attended the EFMD Annual Accreditation Conference, Participated at the FEMISE Annual Conference, Rome, Italy, November 23 - 24, 2010. Dubai, U.A.E., December 2010.

Economic Research Conference on Environmental Challenges in the MENA region, Casablanca, Attended the American Economic Association and American Finance Association Annual Morocco, November 27 - 28, 2010. Presented a paper titled “Is There a Triple Dividend Effect From Meetings, Denver, Colorado, United States, January 2011. a Tax On Fertilizer Use? A Computable General Equilibrium Approach”.

116 117 The School of Business: Annual Report 2010 - 2011 Promoting Excellence in Teaching, Samples of Faculty Publications and Participation in Regional and International Events Research and Intellectual Contribution (in alphabetical order)

Attended the Association of University Technology Managers Annual Meeting, Las Vegas, Nevada, United States, February 2011.

Roundtable participant for the World Bank-IFC’s Education for Employment (e4e) simulcast, Washington, D.C., United States, March 2011. AUC’s School of Business Mourns Associate Dean Stephen Everhart Sadly, Professor Everhart was killed on Thursday, June 23, 2011 in Baghdad Attended the AACSB ICAM-Annual Meeting in New York City, USA, April 2011. when a bomb exploded near his car as he was returning to the U.S. Embassy compound after meetings at a Baghdad university. Once exams were finished Attended the NAFSA annual meeting as part of the AUC delegation, Vancouver, Canada, May 2011. for the spring semester, former Associate Dean Steve Everhart headed off to Baghdad to teach the basics of The Association to Advance Collegiate Schools Served on the opening plenary at the CIBER Annual Conference delivering a talk on of Business (AACSB) accreditation at a daylong USAID sponsored event “International Institutions Deans’ Perspectives on Study Abroad - Inbound and Outbound,” Vancouver, Canada, May 2011. attended by 40 Iraqi business school deans and administrators, plus senior members of the Minister of Higher Education’s advisory staff. This initiative Gave an invited talk on “Building an American-Style Business School in Emerging Markets” at is part of a larger USAID program designed to propose specific upgrades to the Tan Tao University, Ho Chi Minh City, Vietnam, May 2011. the current Iraqi curriculum in finance and banking, designed to raise them to international standards. AUC remembers Stephen Everhart as a remarkable As a guest of the USAID Iraq program, Baghdad, Iraq, June 2011, visited and driven scholar, intent upon raising the bar for business education and Al-Mansour University-College of Business, delivering a talk on “The Value of International entrepreneurship in Egypt and other developing nations. Accreditation.” The University of Baghdad’s College of Business, delivering a talk on “Accreditation Basics-From National Initiatives to International Bodies.”

118 119 The School of Business: Annual Report 2010 - 2011 Promoting Excellence in Teaching, Samples of Faculty Publications and Participation in Regional and International Events Research and Intellectual Contribution (in alphabetical order)

Shawki Farag, chair of the Department of Accounting and professor of accounting Steven Formaneck, assistant professor of operations management Publications Publications Refereed Papers in Conference Proceedings Refereed Papers in Conference Proceedings Farag, S. (2011). “Egypt: Poverty, Employment and the Social Fund”. International Conference Formaneck, S. D. (2011). “Development of a Hierarchical Decision Method for Both Multiple on Banking and Finance Perspectives. Famagusta, North Cyprus, April 13 – 15, 2011. Uncertain Decision Problems and Problems with Continuous Decision States and Infinite or Continuous Decision Solutions”. Proceedings of The International Conference and Exhibition Farag, S. (2011). “Student Perceptions, Engagement and Motivation”. The American Accounting on Knowledge-Based Business, Industry and Education (KBIE), January 2011. Association 2011 Annual Meeting, Denver, Colorado, United States, August 6 – 10, 2011. Formaneck, S. D. (2011). “Human Resource Management Decision-Making Using a Constrained Farag, S., and Vovchunk, N. (2010). “Accounting education and qualification in Egypt and the Shortest Path Approach”. Proceedings of The International Conference and Exhibition on Ukraine”. The 2nd Balkans and Middle East Countries Conference on Auditing and Knowledge-Based Business, Industry and Education (KBIE), January 2011. Accounting History. Istanbul, Turkey, September 15 – 20, 2010. Formaneck, S. D. (2011). “Technology and the Growth of the Manufacturing Firm”. Proceedings of the IEEE International Technology Management Conference (ITMC), June 2011. Events Speaker and paper presenter at the 2nd Balkans ad Middle East Countries Conference on Auditing Formaneck, S. D. (2011). “The Use of Mathematical Software in Undergraduate Education”. and Accounting History, Istanbul, Turkey, September 15 – 18, 2010. Proceedings of The International Conference and Exhibition on Knowledge-Based Business, Industry and Education (KBIE), January 2011. Published interview in the Turkish Paper Turquoise Daily News, September 18, 2010. Events Speaker and paper presenter at The First International Conference on Banking and Finance Presented paper titled “Technology and the Growth of the Manufacturing Firm”, at IEEE International Perspectives (ICBFP 2011), Famagusta, North Cyprus, April 13 - 15, 2011. Technology Management Conference (ITMC), United States, June 27 - 30, 2011.

Speaker at the Illinois International Accounting Symposium 2011, held jointly with the Participated at The International Conference and Exhibition on Knowledge-Based Business, Industry University of Macedonia, Thessaloniki, Greece, June 23 - 25, 2011. and Education (KBIE), Bahrain, January 8 - 10, 2011. Presented papers titled “Development of a Hierarchical Decision Method for Both Multiple Uncertain Decision Problems and Problems Speaker, discussant, and chair at the American Accounting Association’s 2011 Annual Meeting, with Continuous Decision States and Infinite or Continuous Decision Solutions”, “The Use of Denver, Colorado, United States, August 6 - 10, 2011. Mathematical Software in Undergraduate Education”, “Human Resource Management Decision- Making Using a Constrained Shortest Path Approach”.

120 121 The School of Business: Annual Report 2010 - 2011 Promoting Excellence in Teaching, Research and Intellectual Contribution

Tarek Hatem, professor of management Publications Book Chapters Hatem, T., and Metwally, E. (2011). “Key Determinants of Successful Implementation of IT in International Commercial Bank (ICB): The Case of Egypt.” In S. Abdallah, and F. Albadri (Eds.), on ICT Acceptance, Investment and Organization: Cultural Practices and Values in the Arab World. IGI Global. http://www.igi-global.com/bookstore/Chapter.aspx?TitleId=48334

Events Participated in the Global Consortium of Entrepreneurship Conference GCEC 2010, Penn State, University Park, PA, October 21 - 23, 2010.

Participated at the Best Practices in Entrepreneurship Policy (B-PEP), Arab regional conference of practitioners and scholars, Dubai, November 7 - 8, 2010.

122 123 The School of Business: Annual Report 2010 - 2011 Promoting Excellence in Teaching, Samples of Faculty Publications and Participation in Regional and International Events Research and Intellectual Contribution (in alphabetical order)

Mohamed Hegazy, professor of accounting Hegazy, M., Bremer, J., and Sabry, A. (2011, September). “Improving audit committee performance Publications in the Middle East: do Egyptian audit profession norms support international standards”. Refereed Journal Articles International Journal of Corporate Governance and Ethics. Hegazy, M., and Al-Ghanem, W. (2011). “Empirical Analysis of Audit Delays and Timeliness of Corporate Financial Reporting in Kuwait”. Eurasia Business Review, 1 (1), 73-90. Book Hegazy, M. (2011). The Expert AOF: A Rule Based Expert System for Audit Opinion Hegazy, M., and El Nahass, M. (2011, May-June). “An Analysis of Multi-location Audit Risk Factors Formation. Lambert Academic Publishing AG and Co (LAP). and the Improvement of the Audit Process: An Empirical Study”. International Journal of Academic Research: Economics and Engineering. Book Chapters Hegazy, M., and Hegazy, K. (2011). “Accounting and Auditing of Derivatives: the Case of Maridive Oil Hegazy, M., and Hegazy, K. (2010). “Corporate Governance in the U.K: Audit Committees and Services”. In Cases on Businesses in the MENA Region: New Trends and Opportunities. IGI Global. Disclosure Arrangements”. Journal of Business Studies Quarterly, 1 (2), 32-55. Hegazy, M. (2010). “Worldwide Business Tax Guide-Egypt”. Australia: CCH- A Wolters Klumer Business. Hegazy, M., and Kamer, N. (2010). “A Critical Analysis of Auditors’ Perception of the Impact of Section 404 of the Sarbanes Oxley Act on Audit Quality: An Egyptian Perspective”. Afro Asian Hegazy, M., and Hamdy, R. (2010). “The Role of Computer Mediated Communication Modes in Journal of Finance and Accounting (AAJFA), 2 (2), 154-182. Enhancing Audit Quality: An Empirical Study”. In D. V. Godara (Ed.), Pervasive Computing for Business: Trends and Applications. IGI Global. Hegazy, M., and Kassem, R. (2011). “Detecting Financial Statements Fraud: the Case of Egypt”. Journal of Modern Accounting and Auditing. Refereed Papers in Conference Proceedings Hegazy, M., and Youssef, R. (2011). “Determinants of Corporate Disclosure in the Board of Hegazy, M., and Kassem, R. (2010). “Fraudulent Financial Reporting: Do red flags really help?” Directors’ Report: Evidence from Egypt”. The American Accounting Association Conference International Journal of Academic Research: Economics and Engineering, 4, 69- 79. proceedings 2011 “Engage to Make a Difference”. Denver, August 5 – 10, 2011.

Hegazy, M., and Samaha, K. (2010). “An empirical investigation of the use of ISA 520 “analytical Hegazy, M., and Fakry, M. (2011). “External Auditors and Improper Revenue Recognition: The Case procedures” among Big 4 versus non-big 4 audit firms in Egypt”.Managerial Auditing Journal, of Egypt”. Eurasia Business and Economics Society (EBES) 2011, (p. 68). Istanbul, Turkey, 25 (9), 882-911. June 1 – 3, 2011.

124 125 The School of Business: Annual Report 2010 - 2011 Promoting Excellence in Teaching, Samples of Faculty Publications and Participation in Regional and International Events Research and Intellectual Contribution (in alphabetical order)

Hegazy, M., and Hegazy, S. (2011). “Key Financial Performance Indicators Benchmarking Model for Events U.K Construction Companies”. Proceedings of the 34th Annual Congress of the European Presented a research paper titled “The Development of Key Financial Performance Indicators for Accounting Association, (p. 338). Rome. UK Construction Companies” at the European Accounting Association 34th Annual Congress, Luis University, Rome, Italy, April 21 - 23, 2011. Hegazy, M., and Kassem, R. (2010). “Fraud Detection: Do Red Flags Really Help External Auditors in detecting Financial Statement Fraud”. The Proceedings of Eurasia Business and Economics Presented a research paper titled “External Auditors and Improper Revenue Recognition: the Case Society 2010 Conference, (p. 61). Istanbul, May 26 – 28, 2010. of Egypt” and chair of two sessions on June 2, 2011, in relation to accounting and auditing papers presented: Eurasia Business and Economic Society 2011 Conference, Hegazy, M., and Al-Ghanem, W. (2010). “Empirical Analysis of Audit Delays and Timeliness of Istanbul, Turkey, June 1 - 3, 2011. Corporate Financial Reporting in Kuwait”. Proceedings of Eurasia Business and Economics Society (EBES) Conference, (p. 64). Presented a research paper titled “Determinants of Corporate Disclosure in the Boards of Directors: Evidence from Egypt” at the American Accounting Association 2011 Annual Conference, Denver, Hegazy, M., and Hegazy, K. (2010). “A Web-Based Analysis of U.K Listed Companies Compliance Colorado, August 6 - 10, 2011. with the Combined Code of Corporate Governance: Audit Committee and Disclosure Arrangements”. Proceedings of the 33rd Annual Congress of the European Accounting Association, (p. 191). Istanbul, May 19 – 21, 2010.

126 127 The School of Business: Annual Report 2010 - 2011 Promoting Excellence in Teaching, Research and Intellectual Contribution

Ahmed Kamaly ’91 ’95, chair of the Department of Economics and associate professor of economics Publications Refereed Journal Articles Kamaly, A. (2011, October). “Inward FDI in Egypt and its policy context”. Columbia FDI Profiles.

Refereed Papers in Conference Proceedings Kamaly, A., Khorshid, M., Lofgren, H., and Abou El-Eenein, S. (2010). “Analysis of the Millennium Development Goals for Egypt - Using an Extended Economy Wide Simulation Model”. The EcoMod2010 Conference. Istanbul.

Book Chapter Kamaly, A., Khorshid, M., El-Laithy, H., and Abou El-Enein, S. Egypt. In M. V. Sánchez, and R. Vos (Eds.), “Financing Human Development in Africa, Asia and the Middle East”. F orthcoming.

Events Presenter and discussant in the Third Euro-African Conference in Finance and Economics, University of Sorbonne, June 2010.

Invitee and a participant in the tenth Arab Planning Institute International Conference on financing development, Beirut, Lebanon, April 2011.

128 Promoting Excellence in Teaching, Samples of Faculty Publications and Participation in Regional and International Events Research and Intellectual Contribution (in alphabetical order)

Sherif Kamel ’87 ’90, dean of the School of Business Refereed Papers in Conference Proceedings Publications Kamel, S. (2010). “Information and Communication Technology for Development: Empowering Refereed Journal Articles Egypt’s Youth”. Proceedings of the 15th International Business Information Management Abdelghaffar, H., Kamel, S., and Duquenoy, P. (2010). “Studying eGovernment Trust in Developing Conference (IBIMA) on Knowledge Management and Innovation: A Business Competitive Nations: A Case of University and Colleges Admissions and Services in Egypt”. Communications Edge Perspective. Cairo, November 6 – 7, 2010. of the IIMA, 10 (2), 93-106. Abdelghaffar, H., Kamel, S., and Duquenoy, P. (2010). “Studying eGovernment Trust in Developing Refereed Edited Books Nations, Case of University and Colleges Admissions and Services in Egypt”. Proceedings of Kamel, S. (Ed.). (2010). E-Strategies for Technological Diffusion and Adoption: National the 21st Annual Conference of the International Information Maanagement Association ICT Approaches for Socioeconomic Development. Hershey: Idea Group Publishing. (IIAM). Utrecht, October 17 – 19, 2010.

Refereed Book Chapters Refereed Teaching Cases Kamel, S. (2010). “Information and Communication Technology for Development: Building the Kamel, S. (2010). “The Egyptian National Post Organization Past, Present and Future: The Knowledge Society in Egypt”. In N. Rizk, and L. Shaver (Eds.), Access to Knowledge in Egypt Transformational Process Using ICT”. Cases on Technology Innovation – Entrepreneurial New Research on Intellectual Property, Innovation and Development (pp. 174-204). Cairo: Successes and Pitfalls, 246-266. (S. Becker, and R. Niebuhr, Eds.) USA: IGI Global. The American University in Cairo Press. Non-Refereed (Invited) Cases Kamel, S. (2010). “Information and Communication Technology for Development: Building the Knowledge Kamel, S., Ibrahim, M., and El Sherbini, M. (2005). B. Tech Company, “Partners for a Competitive Society in Egypt”. In N. Rizk, and L. Shaver (Eds.), Access to Knowledge in Egypt New Research on Egypt – MDI Phase 2” (Pal-Tech, Inc.) 263-M-002-00013-00. Case study developed under the PfCE Intellectual Property, Innovation and Development (pp. 174-204). London: Bloomsbury Academic. Management Development Initiative .

Kamel, S., and Rateb, D. (2010). “ICT Strategy for Development: Lessons Learnt from the Egyptian Non-Refereed (Invited) Journal Articles Experience in Developing Public-Private Partnerships”. In S. Kamel (Ed.), E- Strategies for Kamel, S. (2010). “Egypt: A Growing ICT Hub in the Middle East–North Africa (MENA) Region”. (S. Technological Diffusion and Adoption: National ICT Approaches for Socioeconomic Murugesan, Ed.) The Journal of Information Technology Management, Cutter IT Journal, Development (pp. 293-311). Hershey: IGI Global. Special Issue on IT’s Promise for Emerging Markets, 23 (7), 223-236.

130 131 The School of Business: Annual Report 2010 - 2011 Promoting Excellence in Teaching, Samples of Faculty Publications and Participation in Regional and International Events Research and Intellectual Contribution (in alphabetical order)

Events Participated in the Principles for Responsible Management Education (PRME) Summit on Presented the Entrepreneurship and Innovation Program in “An Overview, Global Crisis and Business “Partnership in Responsibility: Embedding the United Nations Global Compact’s Principles for Schools Response: The Role of the Business Education in Society Panel,” Eduniversal Annual World Responsible Management Education in Support of the Corporation of the 21st Century,” Brussels, Convention on Driving Forward Global Business Education for Sustainable Development, Prague, Belgium, June 7 - 8, 2011. Czech Republic, October 28 - 30, 2011. Participated in the Aspen Seminar on Leadership, Values and the Good Society, Aspen, Colorado, Presented the Be the Best – Stay the Best, Entrepreneurship, Innovation, Leadership, Celebration United States, August 13 - 19, 2011. of Entrepreneurship, Wamda Launch, Abraaj Capital, Dubai, U.A.E., November 9, 2010.

Presented in the MENA Region as a Future Force in the Global Market for Management Education Plenary Session, European Foundation for Management Development MENA Region Conference, Dubai, UAE, November 28 - 30, 2010.

Presented in the Innovate, Compete and Employ What Makes Waves around the World and in the Diaspora? Panel in Building Competitiveness, Financial and Private Sector Development Forum, the World Bank, Washington, D.C., United States, April 4 - 5, 2011.

Participated in the AACSB International Conference and Annual Meeting (ICAM) New York, United States, April 25 - 28, 2011.

Presented on School of Business Overview, AUC Friends and Supporters, Yale Club, New York, USA, April 26, 2011.

Participated in the European Foundation for Management Development (EFMD) Annual Conference on “Management Education in 2025,” Brussels, Belgium, June 5 - 7, 2011.

132 133 The School of Business: Annual Report 2010 - 2011 Promoting Excellence in Teaching, Samples of Faculty Publications and Participation in Regional and International Events Research and Intellectual Contribution (in alphabetical order)

Maha Mourad ’95 ’99, assistant professor of marketing El Gazzar, N., and Mourad, M. “The effect of online communication on corporate brand image”. Publications International Journal of Online Marketing. Forthcoming in 2012. Refereed Journal Articles Mourad, M. (2010). “Internationalization: a new positioning strategy in the higher education Mourad, M., and El Karanshawy, H. “Branding Islamic Studies: Emperical Study on the Middle market”. Int. J. of Management in Education, 4 (2), 185-200. East”. Journal of Islamic Marketing. Forthcoming in 2012.

Mourad, M. (2011). “Role of Brand Related Factors in influencing Students’ choice in Higher Non-Peer Reviewed Journals Education (HE) Market”. Int. J. of Management in Education, 5 (2/3), 258-270. Kortam, W., and Mourad, M. (2011). “Using knowledge based marketing as a framework for managing intellectual marketing capital in Higher Education Institutions”. Journal of American Mourad, M. (2010). “Students’ Adoption of Online Education Service: Empirical Evidence from the Science, 7 (9), 779-786 Higher Education (HE) Market”. Online Information Review, 34 (4), 604-617. Events Mourad, M., Ennew, C., and Kortam, W. (2011). “Brand Equity in Higher Education”. Marketing Presented a paper titled “Branding Islamic Higher Education Institutes: Empirical study on the Intelligence and Planning, 29 (4), 403-420. Middle East” at the Global Islamic Marketing Conference, organized by Emerald (UK) and United Arab Emirates University, Dubai, U.A.E., March 20 - 22, 2011. Mourad, M., Ennew, C., and Kortam, W. (2010). “Descriptive Evidence on the Role of Corporate Brands in Marketing Higher Education Services”. Service Science, 2 (3), 154- 166.

Mourad, M., Hassan, S., and Tolba, A. (2010). “Conceptualizing the Influence of Lead Users and Opinion Leaders on Accelerating the Rate of Innovation Diffusion”. International Journal of Technology Marketing, 5 (3), 203-218.

Tolba, A., and Mourad, M. “Individual and Cultural Factors Affecting Diffusion of Innovation”. Journal of International Business and Cultural Studies. Forthcoming in 2012.

134 135 The School of Business: Annual Report 2010 - 2011 Promoting Excellence in Teaching, Samples of Faculty Publications and Participation in Regional and International Events Research and Intellectual Contribution (in alphabetical order)

Nagla Rizk ’83 ’87, associate dean for graduate studies and research, founding Invited to give a talk titled “Education, Freedom and Nation Building” at Tedx Carthage, Tunis, director of the Access to Knowledge for Development Center (A2K4D), and associate Tunisia, March 17, 2011. professor of economics Publications Guest on Express FM, Tunisian Radio Program on open government and transparency, Tunis, Rizk, N., and Attalah, L. (2011). Egypt’s Evolving Media Landscape: Access, Public Interest Tunisia, March 18, 2011. and Control. In Puddephatt, A. et al (2011). A New Frontier, An Old Landscape. Global Partners and Associates. Forthcoming. Gave a talk on “Online Collaboration and the Arab Spring” to students at Columbia University’s Business School, New York City, United States. August 23, 2011. Events Invited by vote of the Expanded Governing Board of Yale Law School as a visiting scholar at Yale Participated in a panel discussion titled “Development Agendas in a Changing World” at the Law School to teach a course titled Knowledge, Technology and Development: Perspectives from Global Congress on Intellectual Property and the Public Interest with distinguished experts in the Egypt and the Arab World, Yale Law School, New Haven, United States, September - October 2010. field from a number of international organizations and other developing countries. The talk was entitled “Access to knowledge for development, thoughts from Egypt”. Washington, D.C., United Gave a talk at the weekly lunch of the Information Society Project, Yale Law School, titled “New States, August 25 - 27, 2011. Research on Open Source Software in Selected Arab Countries: Work in progress”, New Haven, United States, September 29, 2010. Gave the opening remarks, together with colleagues from the A2KGA, at the Access to Knowledge Global Academy Workshop on the progress made with projects and plans for the future, Washington, Participated on the panel for the Doha Debates, member of the Qatar Foundation, over the motion D.C., United States, August 28, 2011. that education is worthless without freedom of speech. Argued against the motion, citing Tunisia and Egypt as examples where education would bring a homegrown freedom, Doha, Qatar, recorded Held research meetings at Harvard University, Berkman Center for Internet and Society, to further December 6, 2010 and aired on BBC World January 8 and 9, 2011. discuss the joint research project on investigating the role of the Internet and new media in the protests in the Middle East and North Africa, and set an action plan for the coming phase, Presented research titled “Intellectual Property Rights and Competition in the Arab World” in Cambridge, MA, August 29 - 31 2011. collaboration with Dina Waked (Harvard Law School) as part of a session on Special topics in Middle East Economics at Allied Social Science Associations (ASSA) Annual Meeting, Denver, United States, January 8, 2011.

136 137 The School of Business: Annual Report 2010 - 2011 Promoting Excellence in Teaching, Samples of Faculty Publications and Participation in Regional and International Events Research and Intellectual Contribution (in alphabetical order)

Mona Said ’89 ’91, assistant professor of economics Refereed Papers in Conference Proceedings Publications Said, M., and Al Azzawi, A. (2010). “Trade liberalization, Inter-industry Wage Differentials and Job Quality in Refereed Journal Articles Egyptian Manufacturing. CREMED Conference on the Economics of the Mediterranean and the Euro- Said, M. (2011). “Competition and the Distribution of Sector and Gender Wage Gaps: Quantile Mediterranean Process, Barcelona Graduate School of Economics and the European Institute Regression Evidence from Egypt”. International Research Journal of Finance and Economics, LSE, July. (On-line proceedings: http://www.cremed.eu/index.php/activities1/cremed-workshops/149 ) Euro Journals (71), 48-69. Forthcoming. Events Participated in FEMISE 2010 Annual conference, Rome, Italy, November 28 - 29, 2010. Said, M. (2011). “Does the Public Sector Discriminate Against Women? Occupational Segregation Prior to Privatization in Egypt”. Advances in Management and Applied Economics, International Advisor of the The Paris Symposium, AUC Graduate Student Group; to prepare Egypt Scientific Press, 1 (2). document presented in the high-level New-World, New Capitalism forum, along with Columbia, LSE and Science Po students, Paris, France, January 6, 2011. Said, M. (2011). Review of “Arab Economies in the Twenty First Century” by P. Rivlin. Economic Development and Cultural Change, 59 (3). Presented a paper in a workshop on “The Jordanian Labor Market in the New Millennium”, organized by the Economic Research Forum: Antalya, Turkey, March 19, 2011. Said, M. (2011). “Risk Aversion and the Preference for Public Sector Employment in Egypt”. Participated in Economic Research Forum 18th Annual Conference, Turkey, March 20 - 23, 2011. International Journal of Economics Research, 2 (5), 132-143. Presented a paper in a workshop on “Impact of Financial Crisis on MENA Region,” Mediterranean Said, M. (2011). “Sector Selection and Pay Differentials During Financial Crisis Episodes: Recent Research Meeting, Florence, Italy, April 7, 2011 Evidence from Jordan”. International Research Journal of Applied Finance, 2 (7), 720-737. Chair of a session on marriage, fertility and retirement and presenter in a session on wages, remittances and migration in a seminar on Jordan’s labor market panel survey, organized by the ERF and the Said, M., and El-Hamidi, F. (2010). “Gender-Based Wage and Occupational Inequality in the New Jordanian National Center for Human Resource Development, Amman, Jordan, June 1 - 2, 2011. Millennium in Egypt , Project Muse Journals”. Journal of Developing Areas, 46 (2). Participated in the Centre of Research on The Mediterranean conference on Economics of the Said, M., and El-Hamidi, F. (2011). “Returns to Schooling and Labor Market Stratification in the Mediterranean and the Euro-Med. Process at the Universitat Pompeu Fabia, Barcelona, Spain, June Middle East and North Africa: Evidence from Egypt and Morocco”. Middle Eastern Finance and 21 - 22, 2011. Economics, 14, 83-98. Presented a paper during the Middle East Economic Association 10th Annual International Meeting, Barcelona, Spain, June 23 - 24, 2011.

138 139 The School of Business: Annual Report 2010 - 2011 Promoting Excellence in Teaching, Samples of Faculty Publications and Participation in Regional and International Events Research and Intellectual Contribution (in alphabetical order)

Khaled Samaha, assistant professor of accounting Samaha, K., Dahawy, K., Stapleton, P., and Hussainy, K. “The Extent of Corporate Governance Publications Disclosure and Its Determinants in a Developing Market: The Case of Egypt”. Advances in Refereed Journal Articles Accounting Incorporating Advances in International Accounting. Accepted and Samaha, K., and Dahawy, K. (2011). “An Empirical Analysis of Corporate Governance Structures forthcoming in Vol. 25, Issue 1, 2012. and Voluntary Corporate Disclosure in Volatile Capital Markets: the Egyptian Experience”. International Journal of Accounting, Auditing and Performance Evaluation (IJAAPE), Dahawy, K., and Samaha, K. (2010). “An Investigation of the Views and Perceptions of External Special issue on Financial reporting, Transparency, and Corporate Governance: Issues Users of Corporate Annual Reports in Emerging Economies: The case of Egypt”. International in volatile international markets, 7 (1/2), 61-93. Journal of Accounting and Finance (IJAF), 2 (3/4), 331–367.

Samaha, K., Abdel-Meguid, A., Dahawy, K., and Abdallah, S. “Board of Directors’ Structure, Samaha, K., and Hegazy, M. (2010). “An empirical investigation of the use of ISA 520 “analytical Ownership Structure and Corporate Internet Reporting Propensity and Comprehensiveness: procedures” among Big 4 versus non-big 4 audit firms in Egypt”.Managerial Auditing Journal, Evidence from the Egyptian Stock Exchange”. International Journal of Accounting and 25 (9), 882-911. Information Management. Accepted and forthcoming in Vol. 20, Issue 1, 2012. Samaha, K. (2010). “Do Board Independence and Audit Committees Motivate Disclosure on Different Abdel-Meguid, A., Samaha, K., and Dahawy, K. “Preliminary Evidence on the Relationship between Corporate Governance Information Categories in the Annual Reports in Developing Countries?” Corporate Governance Attributes and Audit Committee Functionality in Egypt: Beyond Checking the International Research Journal of Finance and Economics (IRJFE) (57), 206-225. Box”. Corporate Governance: The International Journal of Business in Society. Accepted and forthcoming in Vol. 14, Issue 2, 2014. Refereed Edited Book Wild, J., Chiappeta, B., Shaw, K., Dahawy, K., and Samaha, K. Fundamental Accounting Samaha, K., and Abdallah, S. “Further Evidence on Web-Based Corporate Disclosures in Developed Principles, ME Edition (20th ed.). UK: McGraw Hill International Limited. Forthcoming in Fall versus Developing Countries: A Comparative Analysis of Nature and Determinants in Egypt and 2011. the UK”. International Journal of Disclosure and Governance (IJDG). Accepted and forthcoming in Vol. 9, Issue 1, 2012. http://www.palgrave-journals.com/jdg/journal/vaop/ncurrent/full/jdg201117a.html

140 141 The School of Business: Annual Report 2010 - 2011 Promoting Excellence in Teaching, Samples of Faculty Publications and Participation in Regional and International Events Research and Intellectual Contribution (in alphabetical order)

Refereed Book Chapters Samaha, K. (2010). “Egyptian Accounting Standards from a Tax Point of View”. Samaha, K., and Abdalla, S. (2011). “A comparative analysis of activity-based costing and Proceedings of the 16th annual Conference organized by The Egyptian Society for Public traditional costing systems: the case of Egyptian Metal Industries Company”. In Cases on Finance and Taxes and Price Waterhouse Coopers (PWC). Cairo, June 27 – 29, 2010. Businesses in the MENA Region: New Trends and Opportunities (pp. 41-53). Hershey, USA: IGI Global for Publication. http://www.igi-global.com/bookstore/chapter.aspx?titleid=54985 Samaha, K. (2010). “Egyptian Accounting Standard number 8 (Long Term Construction Contracts) and Egyptian Accounting Standard number 5 (Change in Accounting Policy) and the tax effect Dahawy, K., and Samaha, K. (2010). “Blending Information and Communication Technology (ICT) in light of the new Tax Law 91 for the year 2005 and its executive regulations”. Proceedings of with an Accounting System: The Case of the Egyptian International Motors Company (EIM)”. In the 16th annual Conference organized by The Egyptian Society for Public Finance and Cases on Businesses in the MENA Region: New Trends and Opportunities (pp. 1-9). Taxes and PricewaterhouseCoopers (PWC). Cairo. Hershey: Published by IGI Global. http://www.igi-global.com/bookstore/chapter.aspx?titleid=54982 Samaha, K., Dahawy, K., Abdel Megid, A., and Abdallah, S. (2010). The impact of Corporate Governance Samaha, K., and Dahawy, K. (2010). “Factors Influencing Corporate Disclosure Transparency in the Active mechanisms on Corporate Internet Reporting propensity and comprehensiveness: Evidence from Share Trading Firms: An Explanatory Study”. (M. Tsamenyi, and S. Uddin, Eds.) Research in Accounting the Emerging Market of Egypt. Proceedings of the AAA Annual meeting and Conference on in Emerging Economies, 10, 87-118. http://www.emeraldinsight.com/books.htm?chapterid=1901578 Teaching and Learning in Accounting. San Francisco: American Accounting Association, July 31 – August 4, 2010. Samaha, K., and Dahawy, K. (2010). “Information System strategy development and implementation in the Egyptian small and medium construction enterprises”. In E-Strategies for Technological Samaha, K., Dahawy, K., Abdel Meguid, A., and Abdallah, S. (2010). “Corporate Governance and Diffusion and Adoption: National ICT Approaches for Socioeconomic Development (p. Internet Reporting: The Egyptian Story”. Proceedings of the second KSAA Annual meeting Chapter 5). Hershey: IGI Global for Publication. and Conference on the role of Accounting in stabilizing the Financial Markets. Kuwait: http://www.igi-global.com/bookstore/chapter.aspx?titleid=44302 Kuwait Society for Accountants and Auditors, December 1- 2, 2010.

Refereed Papers in Conference Proceedings Samaha, K., Dahawy, K., and Hussainey, K. (2011). “Internal Control Mechanisms and Corporate Narrative Samaha, K., Dahawy, K., and Stapleton, P. (2010). “Relationship between Corporate Governance, Reporting in listed Egyptian Companies: the Case of EGX 100”. Proceedings of the 34th European Firm Characteristics and Corporate Governance Disclosure: Evidence from the Egyptian Stock Accounting Association (EAA) Annual Congress, (pp. 390-391). Rome, April 20 – 22, 2011. Exchange”. Proceedings of the 33rd European Accounting Association (EAA) Annual Samaha, K., Dahawy, K., Abdel Meguid, A., and Abdallah, S. (2011). “Association between Congress, (p. 357). Istanbul, May 19-21, 2010.

142 143 The School of Business: Annual Report 2010 - 2011 Promoting Excellence in Teaching, Samples of Faculty Publications and Participation in Regional and International Events Research and Intellectual Contribution (in alphabetical order)

Corporate Governance Structures and Corporate Internet Reporting: Evidence on the propensity and Abdelkrim Seghir, associate chair of the Department of Economics and assistant Comprehensiveness in listed Egyptian Firms”. Proceedings of the 34th European Accounting professor of economics Association (EAA) Annual Congress, (p. 159). Rome, April 20 – 22, 2011. Publications Refereed Journal Articles Samaha, K., Abdel Meguid, A., and Dahawy, K. (2011) Corporate Governance Attributes and Audit Seghir, A., and Torres- Martinez, J. P. (2011). “On equilibrium existence with endogenous restricted Committee Functionality: Empirical Evidence from Egypt. Proceedings of the AAA Annual financial participation”.Journal of Mathematical Economics, 47, 37-42. meeting and Conference. Denver, August 6 – 10, 2011. Seghir, A. (2010). “An Overlapping Generations model with a general default punishment Events structure”. International Research Journal of Finance and Economics (45), 10-25. Participated at Taskforce on the Growth of Corporate Governance in the Region, organized by Organization for Economic Co-operation and Development (OECD), Muscat, Oman, October 31- November 1, 2010. Events EFMD-EURAM Program on Developing Research Managers: Creating Research Leadership in Participated at the 34th European Accounting Association (EAA) Annual Congress, organized by Europe, Brussels, October 2010 and December 2010. The events prepare individuals in business the European Accounting Association and Luiss Guido Carli University, Rome, Italy, April 20 - 22, and management schools to step into significant research management roles through exposure to 2011; Presented a paper titled: “Internal Control Mechanisms and Corporate Narrative Reporting a wide range of strategic and operational concerns. in listed Egyptian Companies: the Case of EGX 100.”

144 145 The School of Business: Annual Report 2010 - 2011 Promoting Excellence in Teaching, Samples of Faculty Publications and Participation in Regional and International Events Research and Intellectual Contribution (in alphabetical order)

Tarek Selim ’92 ’95, associate professor of economics Iman Seoudi ’95 ’00, assistant professor of management Publications Publications Refereed Journal Articles Refereed Journal Articles Selim, T. H. (2011). “An Exogenous Evolution in the Egyptian Pharmaceuticals Industry: Evidence Seoudi, I., and El-Bassiouny, N. (2010, Fall). “Egyptian Business Students’ Perceptions of Ethics: within a Global Landscape”. Global South, 7 (2). The Effectiveness of a Formal Course in Business Ethics”. Journal of Business Leadership, 39-80. Refereed Papers in Conference Proceedings Selim, T. H., and Shoman, M. (2011). “Egypt’s New Path for Competitiveness and Innovation”. Events Second Research Dialogue Conference on Emerging Economies, Tsinghua University. Presented at the Egyptian Business Students’ Perceptions of Ethics: The Effectiveness of a Formal Beijing: Brookings-Tsinghua China Center, November, 2011. Course in Business Ethics GIRA Conference on Corporate Governance, Innovation, Social and Environmental Responsibility, Lisbon, Portugal, September 9 - 10, 2010. Events Invited by the Indian Center for International Economic Relations (ICRIER) in New Delhi, India, to Attended the International Management Teachers’ Academy (IMTA), Bled, Slovenia. Developing give a lecture summary of the book, Selim, T. H. (2009), Egypt, Energy and the Environment, a new generation of management educators for a new generation of business leaders CEEMAN’s Adonis and Abbey Publishers, London (UK). Lecture attended by the Ministers of Energy and IMTA (International Management Teachers Academy) program, June 4 - 18, 2011. Industry of the Government of India. Attended the Teaching with Cases course offered by the European Case Clearing House (ECCH), Published in the Atlantic Economic Journal, Development, Global South Journal, and the London, UK. June 30 – July 2, 2011. Course instructor: Professor James Erskine, Richard Ivey School African Journal of Business and Economics Research. of Business, University of Western Ontario, Canada

146 147 The School of Business: Annual Report 2010 - 2011 Promoting Excellence in Teaching, Samples of Faculty Publications and Participation in Regional and International Events Research and Intellectual Contribution (in alphabetical order)

Hamed Shamma’99 ’02, assistant professor of marketing Shamma, H. M., and Hassan, S. S. (2010). “Integrating Product and Corporate Brand Equity Publications into Total Brand Equity Measurement”. Proceedings, 2010 Annual Academy of Marketing Refereed Journal Articles Science Conference, May 2011. Shamma, H. M., and Hassan, S. S. (2011). “Integrating Product and Corporate Brand Equity into Total Brand Equity”. Events Co-authors presented paper at the 15th Annual Conference on Historical Analysis and Research in Shamma, H. M. “Measurement”. International Journal of Marketing Studies, 3 (1). Marketing (CHARM): Liebrenz-Himes, Marilyn, Hamed Shamma, Robert Dyer (2011), “The Electric Shamma, H. M., Dyer, R. F., and Liebrenz-Himes, M. L. (2011). “Customer Relationship Management Cars Tortuous Journey,” New York City, New York, United States, May 19 - 22, 2011. in Professional Service Organizations: An Application to the Building Industry”. International Presented paper at the Annual 2011 Marketing and Public Policy Conference, Laila El Baradei and Journal of Customer Relationship Marketing and Management, 2 (2). Hamed Shamma (2011), “Examining the Marketing of e-Government Services in Egypt,” Washington, D.C., United States, June 2 - 4, 2011. Refereed Papers in Conference Proceedings Helmy, S., and Shamma, H. M. (2011). “Genuine Counterfeit Luxury Apparel in Egypt: Who Buys them and Why?” Proceedings, 2011 Annual Academy of Marketing Science Conference, May 2011.

El Baradei, L., and Shamma, H. M. (2011, June). “Examining the Marketing of e- Government Services in Egypt”. Proceedings, 2011 Annual AMA Marketing and Public Policy Conference, June 2011.

Liebrenz-Himes, M., Shamma, H. M., and Dyer, R. (2011). “The Electric Cars Tortuous Journey”. Proceedings, 15th Annual Conference on Historical Analysis and Research in Marketing (CHARM), May 2011.

Mourad, M., and Shamma, H. M. (2011). “Segmentation of Higher Education: The Case of Egypt”. Proceedings, 2011 Annual Conference on Higher Education Marketing, April 2011.

El Baradei, L., and Shamma, H. M. (2010). “Marketing e-Government Services in Egypt: What do People Think?” Proceedings, 2010 Annual Conference of the International Association of Schools and Institutes of Administration, July 2011.

148 149 The School of Business: Annual Report 2010 - 2011 Promoting Excellence in Teaching, Samples of Faculty Publications and Participation in Regional and International Events Research and Intellectual Contribution (in alphabetical order)

Ahmed Tolba ’97 ’01, director of El-Khazindar Business Research and Case Center Refereed Papers in Conference Proceedings and assistant professor of marketing Tolba, A. (2011). “Factors Affecting Country Brand Equity: A Business Perspective”. Proceedings Publications of the 2011 Academy of Marketing Science Conference. Coral Gables, FL, May 24 – 27, 201. Books Kotler, P., Armstrong, G., Tolba, A., and Habib, A. (2011, November). Principles of Marketing: Non-Refereed Journals and Magazines Arab World Edition. New Jersey: Pearson Prentice Hall. Forthcoming. Tolba, A. H., and El Shinnawy, M. (2010, December). “The Power of Knowledge and Partnership: Entrepreneurship Story”. Goldman Sachs Cases on the Women Entrepreneurship and Leadership Program. Book Chapters Tolba, A. (2010, November). “Marketing Nations: The Way to Go”. Business Monthly, The Tolba, A. (2011). “Ariel Egypt: From Market Penetration to Fierce Competition”. In A. El-Ansary American Chamber of Commerce in Egypt. (Ed.), In Cases on Business and Management in the MENA Region: New Trends and Opportunities (pp. 205-217). Pennsylvania: IGI Global Publishing. Tolba, A. (2010, May). “Marketing Entrepreneurship in Egypt: The Role of Education and Media”. Business Monthly, The American Chamber of Commerce in Egypt . Ads, M., and Tolba, A. (2011). “Social Marketing in Egypt: A case study on the use of Marketing by Nahdet El Mahrousa NGO”. In A. El-Ansary (Ed.), In Cases on Business and Management in the MENA Events Region: New Trends and Opportunities (pp. 218-231). Pennsylvania: IGI Global Publishing. Speaker in one of the sessions, presentation titled “How to grow entrepreneurial culture in the MENA region?” at Abraaj Capital Celebration of Entrepreneurship Conference (WAMDA), Dubai, Refereed Journal Articles November 8 - 9, 2010. Also announced to the media KCC partnership with Aramex to produce 12 Tolba, A. (2011). “The Impact of Distribution Intensity on Brand Preference and Brand Loyalty”. case studies on successful entrepreneurs in the region. International Journal of Marketing Studies, 3 (3), 56-66. DOI: 10.1108/1061042091098183 Conducted Global Webinar Competing with Emerging Market Multinationals: The Case of Egypt, Tolba, A., and Mourad, M. (2011). “Individual and Cultural Factors Affecting Diffusion on Innovation”. organized by ICA Institute, Northeastern University, United States, December 21, 2010. This Journal of International Business and Cultural Studies, 5, 82-95. DOI: 10.1504/IJTMKT.2010.039033 presentation is part of a series of global webinars on multinationals from emerging markets. Hassan, S. S., Mourad, M., and Tolba, A. H. (2010). “Conceptualizing the Influence of Lead Users Presented Factors Affecting Country Brand Equity: A Business Perspective, Proceedings, 2011 and Opinion Leaders on Accelerating the Rate of Innovation Diffusion”. International Journal of Academy of Marketing Science Conference, Coral Gables, FL, United States, May 24 - 27, 2011 Technology Marketing, 5 (3), 203-218.

150 151 The School of Business: Annual Report 2010 - 2011 Promoting Excellence in Teaching, Samples of Faculty Publications and Participation in Regional and International Events Research and Intellectual Contribution (in alphabetical order)

Samir Youssef, professor of management and international business Invited to register as Potential Peer Reviewer for the National Priorities Research Program which is Publications the flag ship program of the Qatar National Research Fund. Refereed Journal Articles Youssef, S. M. (2011, June). “Building Capabilities in an Egyptian IT Outsourcing Company”. Acted as a contributor to developing the testing criteria of granting trade license certificates International Journal of Management Strategy . granted by the European Chamber of Trade, Commerce and Industry, Brussels.

Case Studies Contributed to two articles on business corruption and foreign direct investment in Egypt in Youssef, S. M. (2011). “Advanced Systems “, “Egypt: IT Outsourcing in a Highly Competitive Business Today and Egypt Today, May 2011. Market”. Emerald Emerging Markets Case Studies, 2 (2) . Presented a paper titled “Prospects of Social Entrepreneurship in Egypt: A Case Study of a Low-Income Youssef, S. M. (2010). “Kheir Zaman”. GIM .Case Study No. B074. New York: United Nations Housing Developer” at The Sustainability Challenge: Organizational Change and Transformational Development Program. http://cases.growinginclusivemarkets.org/document/59 Vision conference at the Ashridge Center for Business and Sustainability, a research and consulting body associated with the Ashridge Business Schools, United Kingdom, June 10 - 12, 2011. Youssef, S. M. (2010). “Orascom Housing Communities”. GIM Case Study No.B085. New York: United Nations Development Program. http://cases.growinginclusivemarkets.org/document /66

Refereed Papers in Conference Proceedings Youssef, S. M. (2011). “Prospects of Social Entrepreneurship in Egypt: A Case Study”. Proceedings of The Ashridge Sustainability Conference. Ashridge, June 2011.

Events Participated in the Business Opportunities at the Base of the Economic Pyramid in Egypt seminar, organized by the United Nations Development Programme and Embassy of Denmark and Industrial Modernization Program, March 30, 2010.

152 153 The School of Business: Annual Report 2010 - 2011 “ The leadership and team work that led to a rich academic program, instructors diversity along with highly competent students, made AUC School of Business of high international caliber and a great source of pride to all of us”

MagedChief executive Mansi’88 officer, Mansi Eyewear; member of the Entrepreneurship and Innovation Program Council, School of Business, AUC

154 Strategic GOALS

Support and Lifelong Learning Environment

156 157 The School of Business: Annual Report 2010 - 2011 Support and Lifelong Learning Environment

Office of Student Services Student Scholarship Opportunities

The Office of Student Services (OSS) is a one-stop shop designed to provide integrated professional Youssef Jameel MBA Fellowships (established in 2004) services to the School of Business’s undergraduate students. OSS is committed to providing the During the first half of the 2010 – 11 academic year, three scholarship cohorts were active (the best resources and advising available to assist students in achieving their study goals by guiding fifth, sixth and seventh cohorts). The fifth cohort ended in Fall 2010 and all fellows graduated in them through registration processes. OSS utilizes world-class practices to support the school’s February 2011. The seventh cohort partially commenced in Fall 2010, with 10 fellows enrolled in mission of developing students’ innovation, leadership and entrepreneurship skills. The office the MBA and eight recruited for Spring 2011. The Jameel MBA Program is set to continue, having offers opportunities for business students to gain real world experience and explore a variety of secured a new eighth cohort for admittance in Fall 2011. All cohorts are selected with the same career fields through exchange programs, internship opportunities, international competitions and criteria and with the objective to develop future industry leaders in the region. The scholarship is student-related conferences, in collaboration with relevant offices at the University. open to Egyptians and Palestinians. Yousef Jameel’68, who officially inaugurated the Abdul Latif Jameel Hall at AUC New Cairo, is a prominent Saudi Arabian business leader, philanthropist, long- time University supporter, and devoted alumnus. “As outstanding students around the Middle East look for world-class business education, AUC’s School of Business comes strongly into the spotlight with its Al-Alfi Foundation MBA Fellowships (established in 2008) excellent history of preparing business leaders whose education In February 2010, the Al Alfi Foundation agreed to sponsor five qualified engineering and science and skills make them the top choice for the best employers in the region.” graduates to attend the MBA program at The American University in Cairo, alongside the current cohort. The long-term objective of the program is to develop a new cadre of entrepreneurial leaders, who are capable of filling critical positions in Egyptian industries and who have developed integral Director of enrollment and the StudentRanda Service Center,Kamel AUC technical and business skills to compete in a global market. The first cohort intake began in Fall 2008 and graduated in Fall 2010. The second cohort began in Spring 2011.

Ahmed and Ann M. El Mokadem Fellowships (established in 2010) This fellowship’s objective is to support Egyptian students with excellent academic records, who are interested in pursuing graduate studies in the fields of economics and international economic development at AUC.

158 159 The School of Business: Annual Report 2010 - 2011 Support and Lifelong Learning Environment Student Internships

Student Internships Presented by the School of Business and the Office of Student Services (OSS) in collaboration with AUC’s Career Advising and Placement Services (CAPS)

List of participating students

Armanious Group Ghabbour Auto Sarah Soliman Daoud Iman Tarek Abuelela

Banque Misr Link Development Mariana Helmy Nessim, Yosra Alaa Sourour, Zaina Alaa Eldin Bseiso

Bank of Alexandria – Alexbank Mars Egypt Esraa El Sonbati, Farida Refaat Kamel, Lobna Mohamed Youssef, May Mahmoud Kamal Aya Mohamed Rouchdy

British American Tobacco Proctor & Gamble Egypt Diaa Osama El Ghannam, Sara Abdelkarim Soliman, Yassmin Youssef Khalafallah Khadiga Mohamed Talaat, Nada Abdel Karim El Garraya

Cairo Semiramis Hotel P&G (Finance case – study) Nemat Ezzat Assaad Aya Ahmed Siam, Esraa Mostafa El Sonbati, Farah Nader Gouda, Farid Girguis Ghebrial, Khaled Mohamed Attallah, Mariam Mohamed Ramadan, Mira Mohamed Abdel Aziz, Mohamed Omar Hassib, Mohammed Alaa Cemex Helmy, Mohammed Ayoub Alalem, Nada Abdel Karim El Garraya, Rana Ibrahim Abdel Naby, Silvana Sameh Mai Mahmoud Khattab Selim

Egyptian Child Care Corporation - EC3 Shell Egypt Pensee Abdel Fattah, Tamer Aladin Sergany, Youssra Abdel Wahab Amin Aly Tarek Khairy, Jala Mamdouh El Gammal, Laila Mohamed El Adly, Mai Fouad, Mennat Allah Nasr Atwan, Nada Hany Bakhoum, Nada Sherif Azmy, Omar Alaa El Din Elgarbawy Extend Info International Tamer Aladin Sergany

160 161 The School of Business: Annual Report 2010 - 2011 Support and Lifelong Learning Environment Student Clubs

Students Clubs The Ninth Annual Accounting Link Simulation (November 23 - 25, 2010)

Accounting Link Club Faculty Advisor: Khaled Samaha, assistant professor of accounting

The Accounting Link Club offers students the opportunity to learn about the profession of accounting in a relaxed atmosphere, which provides students with useful networking opportunities by allowing them to meet other business majors and potential employers. The club’s primary goal is to promote accounting as a profession and to inform students about the avenues of opportunity available by choosing an accounting career.

The Ninth Annual Accounting Link Simulation (November 23 - 25, 2010)

The opening ceremony started with speeches by AUC President Lisa Anderson and Khaled Samaha, faculty advisor and assistant professor of accounting. Accounting Club President Sylvia Ghabrial shared her own experience with the club and advised to attend simulations, as they provide great academic and professional opportunities. The keynote speaker, Emad Ragheb, managing partner at Ernst & Young and vice chair of the Egyptian Society for Accountants and Auditors, expressed the significance of such a simulation for the students and the company. Akram Reda, senior advisor at Ernst & Young, gave a presentation on the company. The simulation provided a unique opportunity for professionals to mix with students from different public and private universities, from Ain Shams University and Cairo University to Misr International University (MIU) and AUC. The top three students were Hassan El Zein (AUC), Mo’men Anwar Mohamed (Ain Shams University) and Esraa Abdel Khalek (Cairo University.)

162 163 The School of Business: Annual Report 2010 - 2011 Support and Lifelong Learning Environment Student Clubs

Association Internationale des Étudiants en Sciences Économiques et Govern Corporate Governance Club rate anc orpo e C C lub Commerciales Faculty advisor: Ahmed Abdel-Meguid, assistant professor of accounting

y c n re a sp Faculty Advisor: Ahmed Tolba ’97 ’01, assistant professor of marketing F C G C n a ra irn . T e y ss ilit . R ab esp unt onsibility . Acco

Keeping an Eye on Business The Corporate Governance Club (CGC) is the first Egyptian student- The Association Internationale des Étudiants based academic club that is dedicated to the dissemination of corporate en Sciences Économiques et Commerciales governance principles and best practices among undergraduate business students. It encourages (AIESEC) is an international, nonpolitical, interdisciplinary dialogues among students of business, finance, economics, and accounting nonprofit, student-run, independent, educational foundation. It is a global network of50,000 disciplines, who share a common interest in working in a fair and transparent corporate members across more than 107 countries and territories at more than 1,700 universities. AIESEC environment. contributes to the community through youth exchange in order to develop individuals who are committed to international cooperation and understanding. It is an international platform for young people to discover and develop their potential to have a positive impact on society. AIESEC provides CGC Inauguration (October 10, 2010) AUC students with opportunities to work abroad, exchange programs, community development, Keynote speaker Ziad Ahmed Bahaa-Eldin, chair of the environmental awareness, international conferences and training. This year, AIESEC AUC has Egyptian Financial Supervisory Authority (EFSA), gave the achieved unprecedented results by sending 126 Egyptian students on internships abroad, and inaugural speech. Mohamed El-Abhar, CGC president, brought 80 foreign students to internships in companies and organizations in Egypt. Countries spoke of his excitement about the club’s potential to spread partnered with include the United States, the United Kingdom, Netherlands, India, Portugal, valuable knowledge about governance to students of different Mauritius, Kenya, Italy, Greece, Russia, Poland, Romania, Malaysia, Finland, Bangladesh, China universities. among many more. Ziad Ahmed Bahaa-Eldin gives his speech at CGC Inauguration (October 10, 2010)

164 165 The School of Business: Annual Report 2010 - 2011 Support and Lifelong Learning Environment Student Clubs

CGC First Annual Corporate Governance Competition Corporate Governance Club Workshop: (October 21 - 23, 2010) Combating Money Laundering – An Introduction (May 7, 2011) The opening ceremony featured keynote speakers Khaled Serry Seyam, chair of the Egyptian Stock Exchange; Ashraf Gamal El Din, executive director of the Egyptian Institute of Directors (EIoD); and Counselor Ahmed Ragab, executive director of the Center for Transparency. Topics covered included agency problems, functions of the board Ahmed Ragab, Executive of directors, importance of Director, Center for Transparency disclosure and transparency and protection of shareholder rights. The top contestants competed for three monetary prizes. Around 190 students from AUC, Ain Corporate Governance Club Workshop (May 7, 2011) Shams University and Cairo University attended the sessions. AUC’s participants represented the School of Business’ majors This six-hour workshop was offered to more than 100 undergraduate and graduate students

Khaled Seyam, Chair, Egyptian in addition to integrated marketing communication, engineering, from AUC, Ain Shams University and Cairo University at the Egyptian Banking Institute (EBI), The Stock Exchange (EGX) actuarial sciences, political science, and mass communications. Central Bank of Egypt. The workshop focused on how proceeds of crime are laundered and what The event was supported by the Center for Transparency, the could be done to mitigate such practices. Participants interacted with leading experts from the Sawiris Foundation for Social Development (SFSD), and the Money Laundering Combating Unit (MLCU) of the Central Bank. The Center for Transparency and Egyptian Institute of Directors (EIoD) its donors (UNDP and Embassy of the Kingdom of the Netherlands), the Sawiris Foundation for Social Development (SFSD), and the Egyptian Banking Institute (EBI) – The Central Bank of Egypt, supported the event.

Ashraf Gamal El Din, Executive Director, Egyptian Institute of Directors (EIoD)

166 167 The School of Business: Annual Report 2010 - 2011 Support and Lifelong Learning Environment Student Clubs

Entrepreneurs’ Society The Jamboree (November 3 - 4, 2010) Faculty Advisor: Iman Seoudi ’95 ’00, assistant professor of management In this event, students were allowed to rent booths on campus to start their own business for one or two days. They learned the basics of financial investment, opportunity cost, accounting, Entrepreneurs’ Society (ES) enhances the awareness of the importance of entrepreneurial skills in marketing, and public relations. Entrepreneurs’ Society members helped young entrepreneurs advancing society. It organizes numerous workshops that help students attain the skills needed to attract customers by providing different forms of entertainment around the booths, from clowns to meet the challenges of the business world. One of the main events organized by the club wss the stilt-walkers, and different games. business plan competition, during which students present and defend their business proposals. Entrepreneurs’ Society’s Soft Opening Ceremony (November 23, 2010) The Lead Newspaper A group of more than 100 students organized the event which brought together 700 attendees, including This is a bi-weekly newspaper that covers business, economics, and entrepreneurship related students, delegates, faculty members, and executives. ES members invited notable keynote speakers to a news and events. It covers many activities pertaining to the field, and has published numerous Q and A session. Speakers included Tamer El Leithy, owner, Mori Sushi; Bassem Mashhour, a partner of The interviews with entrepreneurs, generated statistics from the market, and distributed more than Bakery Shop (TBS); Karma Sabet, founder of Karma Jewelry and KDS (Karma and Dina Sabet); and Hoda 10,000 copies this year. Rashad, founder of the development Web site www.irmihelbahr.org.

Mohamed El Dib, President of the Entrepreneurs Society, visits SIFE World Cup and Plug and Play The Grand Opening Ceremony (March 16, 2011) (October 13 - 16, 2010) The title of the first day’s event was Entrepreneurship, Youth and Egypt Today, and the keynote As part of AUC School of Business’ efforts in promoting ‘entrepreneurship’ among AUC students, speaker was Ali Faramawy, vice president of Microsoft International. The event also included the school arranged a visit for the president of the ES to accompany the French University in a networking component and the announcement of ES’s Documentary Challenge winner, Leena Egypt’s (UFE) winning SIFE team to SIFE World cup as an observer, and to also visit the Plug and ElMasry. ElMasry’s film documented entrepreneurship and the Egyptian revolution, and it was aired Play Technology Center in Los Angeles. at the event before she received her prize.

On the second day, Ossama Hassanein, Willard W. Brown Chair of International Business Leadership at AUC’s School of Business for academic year 2010-11, talked to students about business ethics. He outlined the ways in which people can learn from the ethical failures of the past and prevent them in the future. More than 200 students were inspired to practice business in an ethical manner.

168 169 The School of Business: Annual Report 2010 - 2011 Support and Lifelong Learning Environment

The Business Plan Competition

Round one is divided into the executive summary (worth 80 percent) and the elevator pitch (with 20 percent). More than 80 applicants applied, sent executive summaries for their businesses, and pitched them before a panel of judges. Thirty business ideas made it to

round two, where they were trained on business plan writing and financials, and had to write Moatez Metwally and Hadeel Salama receiving their award (May 9, 2011) complete business plans for their proposed ideas.

These plans were sent to judges for grading and 10 business plans passed to the final round (May 9, 2011), where the top 10 entrepreneurs presented their ideas in five minutes each and then discussed them with a large panel of judges, in an attempt to win the grand prize of LE 50,000. Moatez Metwally, mechanical engineering senior and Hadeel Salama, marketing senior, walked away with the winning prize for their business, Green Bricks Coporation. Amena El Saie, psychology senior, won the Social Entrepreneurship Award while Omar Kandil and Abdallah Zohdi, both political science seniors, won the Most Creative Idea Award.

170 171 The School of Business: Annual Report 2010 - 2011 “The School of Business has been very supportive of all our events and activities. As the person in charge of the Entrepreneurs’ Society, I always felt that everyone in the school knew about our activities and they were always proud of what we do, so we were always encouraged and challenged to go further and achieve more.

The school also acted as an entity which we could lean on, especially in a year full of struggle. As a regular student, I am beyond proud that I am part of this community and I know I will be more and more proud as I dig deeper into the business world. I always say that “the most important thing in life is to be inspiring. Not rich, not famous, not smart, but inspiring.

I have definitely been inspired and I will do all I can to carry this legacy of inspiring individuals from our school.”

Chief executiveMohamed officer, Entrepreneurs’ El Society, Dib AUC

172 173 The School of Business: Annual Report 2010 - 2011 Support and Lifelong Learning Environment Student Clubs

International Conference on Global Economy Volunteers in Action Faculty Advisor: Hamed Shamma ’99 ’02, assistant professor of marketing Faculty Advisor: Dina Rateb ’84, associate professor of management information systems

Initiated in July 2000, the International Conference on Global Economy (ICGE) deals with one of Volunteers in Action (VIA) organizes educational and recreational events for orphans, providing modern life’s pillars – the economy. There are seven councils: Council on Arts and Advertising literacy classes, micro projects and distributing clothes and food packages. Its latest project (CAA), Council of Swaying Minds (CSM), Marketing and Public Relations (MPR), Market Research involved helping orphan brides furnish their new homes. VIA provides services to orphans outside Council (MRC), Business Crisis Simulation (BCS), Stock Market Simulation (SMS), and Investment orphanages and its focal area is orphans in Meet Okba. and Commercial Banking Simulation (ICBS). ICGE focuses on serving the visually impaired its work on serving the visually impaired by establishing micro projects for families and providing Main outreach activities conducted throughout the year include: financial support. The conference offers students from various majors an early sense of the market • Micro projects to help orphans in Meet Okba through practical experience. The 12th ICGE, held from April 12-16, 2011, had more than 400 • The Tagheez Arayes campaign for collecting donations for 50 orphan brides participants and around 700 attendees. Salah AbouAlam, advisor to the chair of the Egyptian • The Keswa campaign for collecting clothes to donate before Eid Financial Supervisory Authority, gave the opening speech. Conference activities included a soft • Charitable wedding for seven orphan brides and grooms (November 21, 201) opening, Saturday sessions, junior council, ICGE seminar, ICGE lecture and a sports day. • Community Service Day (February 2011) for a better Egypt to revive the recycling initiative on campus. • Children’s Iftar (August 26, 2011) • The Iftar to Go campaign (July/august 2011) to deliver food during Ramadan • The Tamween Packs campaign (August/September 2011)

174 175 The School of Business: Annual Report 2010 - 2011 Support and Lifelong Learning Environment Students Events

Students Events Ossama Hassanein, Willard W. Brown Chair of International Business Leadership Investing in Egypt: Opportunities and Pitfalls (March 22, 2011) Dean’s Chat (October 20, 2010)

Sherif Kamel at the Dean’s Chat (October 20, 2010) Ossama Hassanein at Meeth the CEO event (March 22, 2011) The School of Business held the inaugural session of the Dean’s Chat event, in which Dean Sherif Kamel met with students from the School of Business. Dean Kamel’s new initiative is one that mainly targets Ossama Hassanein, Willard W. Brown Chair of International Business Leadership for the academic School of Business students, as well as all other constituencies, to update the school community on the year 2010-11, spoke to School of Business faculty members and MBA students about how to build developments taking place at AUC’s School of Business. The Dean’s Chat is intended to be a chance a new Egypt. He urged more than 80 attendees to have a passion for, and participate actively to explore ideas and share future plans and activities with the School’s stakeholders. Dean Kamel was in their society. Hassanein began by presenting current problems in society and suggesting keen to explain to students the true competiveness of the job sphere and clarify the importance of extra- numerous solutions. He covered many issues related to foreign direct investment, the role of curricular activities and engagement with the business world outside of the classroom. expatriates, support for entrepreneurs through mentorship, individual initiatives and collective efforts. Hassanein also offered students descriptions of initiatives they can join and access to Meet the CEO services that can help and guide. The event concluded with a Q and A session where there was an The Meet the CEO series was launched by AUC’s School of Business in Spring 2010. The series provides opportunity for active discussions and an exchange of ideas. undergraduate and graduate students and alumni with a unique opportunity to hear from some of the leading names in business and government. The series aims to enhance student exposure to, and grant them opportunities to learn from, practical work experiences.

176 177 The School of Business: Annual Report 2010 - 2011 Support and Lifelong Learning Environment Students Events

Nevine Loutfy ’74, Managing Director and Chief Executive Officer, National Bank for Development The MBA Debate At Graduate Honors Assembly (May 3, 2011) The MBA Debate is a new initiative by the chool of Business which seeks to integrate academic During the Graduate Honors theory with real life experience. It is an open forum to advance the MBA student experience by Assembly, Nevine Loutfy offering debates between high-caliber speakers who are capable of discussing important topics discussed the current financial from different angles. Debates are followed by open-ended interactions between the panelists, status in Egyptian financial MBA students and faculty members. institutions and the vision needed for the future. Loutfy First MBA Debate (September 29, 2010) offered many useful insights The Importance of Branding on steps the Egyptian financial During the first debate, senior level business market must take. professionals discussed the importance of branding Nevine Lotfy at Meet the CEO event (May 3, 2011) using real life examples from within their respective business. Panelists included Hatem Dowidar, chief executive officer at Vodafone Egypt and AUC alumna Ziad Aly ’85, Founder and Chief Executive Officer, ALZAWAD Shereen Yasseen, regional innovations director for At the Spring 2011 Undergraduate Honors Assembly (May 8, 2011) foods and beverages in the Middle East and Africa at Pepsi International. Students from throughout the University attended the debate to hear firsthand During the Spring 2011 Undergraduate Honors Assembly, Ziad Aly inspired students by providing the trials of effective marketing. insight on ways to succeed.

Ziad Aly at Meet the CEO event (May 8, 2011)

178 179 The School of Business: Annual Report 2010 - 2011 Support and Lifelong Learning Environment Students Events

Second MBA Debate (October 25, 2010) Third MBA Debate (April 6, 2011) The Egyptian Financial Sector 2010: The MBA Debate and the MBA Case Solving Competition “What are the Opportunities and Challenges Lying Ahead?” Organized by MBA Program and KCC “How Can Egyptian Firms Manage the Post-Revolution Business Environment?”

MBA Debate (October 25, 2010)

Although progress toward restructuring the financial sector is currently underway, additional reforms targeting very specific segments of the financial sector are still urgently needed. This was the MBA Debate (April 6, 2011) argument presented by panelists at the second MBA debate. Business experts from all walks of life came together at AUC to discuss the deficiencies in the financial sector and the government’s role High caliber speakers for this debate included Mohamed Mo’men, chair and co-founder of Mo’men in advancing the Egyptian economy. Panelists included Ghada Waly, United Nations Development Group; Emad El Sewedy, chief executive officer and managing director of El Sewedy Electrometer Programme poverty team leader; Karim Helal, chief executive officer at CI Capital and Hisham and Beethoven Tayel, founder and managing director of B2LS Consulting. To begin, participants Tawfik, chair of Arabeya Online for securities brokerage. gave a short introduction on how they set up their businesses. The debate which followed offered optimistic and pessimistic opinions of the post-revolution business environment. At the debate’s conclusion, the speakers unilaterally emphasized that the Egyptian economy has not collapsed, and that when the economy does start growing again it is likely to boom with many opportunities and hopefully much less corruption. However, they agreed that, during this current transitional phase, existing businesses do have to consolidate.

180 181 The School of Business: Annual Report 2010 - 2011 “The School of Business’s new approach in engaging the business community with its students is a constructive step towards meeting the demands of the job market. The school has raised the bar of minimum performance.”

Chief executive officer,Emad El ElsewedySewedy Electrometer; ’88 member of the Entrepreneurship and Innovation Program Council, School of Business, AUC

182 183 The School of Business: Annual Report 2010 - 2011 Support and Lifelong Learning Environment

IT Forums “Using Information Technology in the Egyptian Revolution” (February 23, 2011) “Leveraging Technology to Solve Key Business Challenges” (October 31, 2010) Panelists: Karim Akram ’92, general manager, Orion 360 Business Services Amr Waked ’96, George Thakeb, Gigi Ibrahim, (AUC student), and Mohamed Waked ’95 ’99 ’04 “Time for an Alternative Approach for Cross-Cultural Studies in Information Systems” (September 8, 2010) Maged Ali, lecturer of business and information technology at the Business School, Brunel “Social Media: Trends and Opportunities” (March 16, 2011) University, United Kingdom Ossama Hassanein, Willard W. Brown Chair of International Business Leadership

“Business Process Management” (October 4, 2010) “Information Technology and Cultural Heritage Management” (May 16, 2011) Omar Hamdy, vice president, Business Solution Division, ValleySoft (Left to right) George Thakeb, Gigi Ibrahim, Amr Waked and Mohamed Waked discuss IT use in the revolution (February 23, 2011)

“Discussions on IT and the Modern Corporations” (November 11, 2010) Fathi Saleh, director of the Center for Documentation of Cultural and Natural Heritage G. Harindranath, senior lecturer in management information systems, the School of Management, Royal Holloway College, University of London

“Learning from Failures: Decision Analysis in Asset Management” (November 14, 2010) Ashraf Labib ’90, associate dean (research), Portsmouth Business School, University of Portsmouth, United Kingdom

184 185 The School of Business: Annual Report 2010 - 2011 Support and Lifelong Learning Environment

Economic Forums

“The First Economics Forum: Enhance your Economic Choices” (May 2011) The Department of Economics organized its first economics forum for undergraduate students and alumni, which aimed at enhancing the program and its administrative procedures and strengthening departmental curriculum. The forum provided students and alumni with space to voice their concerns and suggestions regarding several issues. Professors and students interacted and brainstormed in a transparent and mutually respectful environment. This activity is part of the department’s effort to realize its mission and short- and long-term visions.

“Graduate Student Forum” (May 2011) The Department of Economics organized a graduate student forum to allow all economics and economics for international development graduate students to come together and present and discuss their views, suggestions, and concerns about the programs. It was an opportunity to open a dialogue between faculty members and staff in a constructive manner.

186 187 The School of Business: Annual Report 2010 - 2011 Support and Lifelong Learning Environment

Students Awards and Honors

Business Today International Conference (November 21 - 23, 2010) Mina Iskander Fahmy, a junior finance student, was selected to attend the Business Today International Conference, one of the world’s premier business symposia, which serves as a forum for the brightest business individuals to interact with leading executives. The conference is a three-day, all expenses paid experience for more than 70 leading executives from all over the United States and 160 of the finest students from all over the world. The event builds relationships and ideas between students and executives through a series of panels, seminars and keynote speakers. Further, the conference uniquely features a Harvard Business School case study competition.

Students receiving certificates for participating in the program at the closing ceremony of Dubai Summer Surprises. In the middle: Naser Hakim, media center manager in PR and media relations. At the far left: KhadijaTurki, senior manager of strategic PR and media relations. Second from the left: Yara El-Zahaby, finance senior at AUC (July 2011) Three AUC School of Business Cases Published by the Richard Ivey School of Business Sixth Edition of Dubai Summer Surprises Apprenticeship Program Three AUC cases conducted by business students have been published by the Richard Ivey (June 22 – July 31, 2011) School of Business: “Orascom Telecom: Risks of Internationalization” written by Dina Zaki The program brings together eleven of the brightest minds, representing eleven countries, to and Farah Zahran; “El Mawardy Jewelry: Expansion During a Recession” by Hend Mostafa, Lila experience working for one of the biggest tourism marketing success stories of the region. Students Mehrez, Sherif Salem, Jylan Sekaly and Ali Tawfik and “Dacia Duster SUV” by Hantulie Oana from leading universities are invited to compete on the basis of written essays and strategic input, Nicoleta. All cases were written under the supervision of Marina Apaydin, assistant professor presenting innovative ideas and vision for the future of the Dubai summer festival. Out of more of management at the School of Business. It is worth mentioning that Two of the cases were than 280 students across 55 universities and educational establishments in the eleven participating written by undergraduate students, marking the first time the Richard Ivey School of Business markets, the second winner for the 2011 edition of the program was AUC’s School of Business finance has ever published undergraduate work. student, Yara El-Zahaby.

188 189 The School of Business: Annual Report 2010 - 2011 Support and Lifelong Learning Environment

Graduate Honors Assembly Undergraduate Honors Assemblies

Fall 2010 Undergraduate Honors Assembly (December 12, 2010) Graduate Honors Assembly (May 3, 2011)

Spring 2011 Undergraduate Honors Assembly (May 8, 2011)

190 191 The School of Business: Annual Report 2010 - 2011 Strategic GOALS

External and Corporate Relations and Alumni Engagement

192 193 The School of Business: Annual Report 2010 - 2011 External and Corporate Relations and Alumni Engagement

“We are very pleased and proud to have an international partner The Financial Times Profiles AUC’s School of Business such as AUC’s School of Business. “Innovative Path for Egypt’s Entrepreneurs” (Published by Ian Wylie, October 10, 2010) As an accredited business school, AUC’s School of Business has positioned itself as a leader in business education and research in the Middle East and North Africa.

The school enjoys an amazing leadership team, outstanding faculty members and students, and a magnificent campus and teaching and learning facility. We look forward to developing and expanding our relationship with such a leading business school and learn about the region and its “.....An hour’s drive east of Cairo’s gridlocked streets, the future business and entrepreneurial potentials.” Cairo desert campus is one of the first nodes in a network of universities and business schools that the US government is using to support and educate entrepreneurs in Egypt and other Professor and dean, past chair ofAli Canadian Dastmalchian, Federation of Business School Deans, PhD Gustafson Muslim-majority countries.....It was Egypt that Mr Obama School of Business, University of Victoria, Canada selected as the pilot country for a new Global Entrepreneurship Program. Some 17 organizations have signed up to this US- inspired effort to educate Egyptian entrepreneurs – including AUC...Last year, AUC restructured its School of Business to align undergraduate and graduate programs with three themes: entrepreneurship, innovation, and leadership.”

194 195 The School of Business: Annual Report 2010 - 2011 External and Corporate Relations International Visitors and Alumni Engagement

International Visitors January 10, 2011 Visit by the Faculty Development in International Business – (Middle East and North Africa Program) Run by the Center for International Business Education and Research September 19, 2010 The School of Business hosted 23 faculty members and top administrators from a number of business Michael Burke, Registrar and Associate Director of Admission, Harvard Kennedy School schools across the U.S. Faculty Development in International Business (FDIB) - MENA program for Michael Burke talked about various programs at Harvard Kennedy School and possible opportunities for the annual faculty development program run by Center for International Business Education and collaboration. Research (CIBER) universities. This year’s program, funded by the U.S. Department October 2010 of Education and managed by CIBER William Kovacic, U.S. Federal Commissioner and Vice Chair of the International universities such as the University of Competition Network South Carolina, Brigham Young University, Daniel O’Brien, Senior Economic Adviser, Federal Trade Commission University of Colorado Denver and Temple In collaboration with the Egyptian Competition Authority, the Department of Economics organized lectures Participants of FDIB - MENA program with AUC School of University, brought faculty from eight other presented by William Kovacic and Daniel O’Brien on “The Economics of Competition Policy: Introduction Business team and AUC alumni (January 10, 2011) universities including Florida International and Horizontal Practices” (October 7, 2010), and “The Economics of Competition Policy: Vertical and and the University of Connecticut. After a tour at AUC New Cairo, Dean Sherif Kamel presented the School Exclusionary Practices” (October 10, 2010). of Business’ new entrepreneurship focus. Ann Lesch, associate provost for international programs, spoke about the different agreements AUC has with universities across the globe, citing the number of December 12, 2010 international students AUC admits to the University each academic year. AUC alumni representatives Sir Howard Davies, Director of the London School of Economics and Political Science Mohamed Osman ’99, Dina El Mofty ’99, and Rania El Din ’91 talked about how AUC helped nurture their Sir Davies gave a lecture titled “Regulating the Financial Markets: Lessons, ideas and their entrepreneurial thinking. Challenges and Prospects for the Aftermath of the World Crisis.” Marking the inauguration of the Egyptian Institute for Financial Services, Sir Davies combined penetrating insight with refreshing frankness in his lecture on global financial regulation. He identified central challenges for the post-crisis financial world, proposing new regulatory schemes for the future.

196 197 The School of Business: Annual Report 2010 - 2011 External and Corporate Relations International Visitors and Alumni Engagement

January 13, 2011 Joseph Stiglitz, Nobel Prize-winning economist, professor at Columbia University, and chair of the Columbia University’s Committee on Global Thought Nobel Laureate and Columbia Professor Joseph Stiglitz was the distinguished guest of the Access to Knowledge for Development Center A2K4D, giving a lecture titled “Creating a Learning Society: An Agenda for Dynamic Societies in Uncertain Times” at AUC Tahrir Square. He emphasized the shortcomings Left to right: Nagla Rizk, director of A2K4D and professor Joseph Stiglitz (January 13, of market fundamentalism in light of the financial 2011) crisis and highlighted the importance of knowledge in bridging the developmental gap between countries at different stages of development. Stiglitz also identified what he believes are pillars of dynamic societies, including access to knowledge as an important paradigm for developing countries like Egypt.

198 External and Corporate Relations Agreements, Partnerships and Memberships and Alumni Engagement

Agreements, Partnerships and Memberships Association of African Business Schools AUC’s School of Business has become a member of the Association of African Business Schools (AABS). Established in 2005, AABS’s mission is to promote excellence in business and management education in Africa by supporting graduate “For the past three years, education in business schools through capacity building, collaboration and quality improvement. In April 2011, Egypt has been a top priority. Sherif Kamel, dean of the School of Business, was elected as a board member for 2012 - 2013. Accordingly, the school will be hosting the AABS Board Members Meeting on October 1, 2011, for which I have seen AUC’s School of Business the school has designated the School of Business roundtable to address challenges in Africa. The first play a major role in this respect. event will be held on October 4, 2011, with the theme of Food Crisis Challenges and Opportunities for Supply Chan Excellence in Africa, to be addressed through a panel discussion and interactive dialogue. With its significant efforts in promoting entrepreneurship education, I am confident that it will have a yet more extensive impact on the Principles for Responsible Management Education society at large in this extremely important time.” The School of Business became a signatory to Principles for Responsible Management Education (PRME). PRME is an initiative based primarily on the principles of the United Nations Global Compact, which focuses on promoting responsible management education and research, corporate responsibility and the creation of sustainable social, environmental and economic values. The School of Business integrates the six principles DominicBritish Ambassador Asquith to Egypt of PRME in activities such as a partnership with the John D. Gerhart Center for Philanthropy and Civic Engagement; in delivering the Corporate Sustainability Capacity Building Program through the International Executive Education Institute (IEEI) and El-Khazindar Business Research and Case Center; an entrepreneurship orientation via the Entrepreneurship and Innovation Program and the Goldman Sachs 10,000 Women Entrepreneurship and Leadership Program; and student run academic clubs supported by the school’s faculty members which promote the notion of the successful, yet responsible, business models partly through economic and social sustainability.

200 201 The School of Business: Annual Report 2010 - 2011 External and Corporate Relations Agreements, Partnerships and Memberships and Alumni Engagement

Global Consortium of Entrepreneurship Centers Wamda.com AUC’s School of Business is now part of the Global Consortium of Entrepreneurship Centers (GCEC). The GCEC was founded in 1996 to provide a coordinated vehicle through which participating members can collaborate and communicate on the specific issues and challenges confronting university-based entrepreneurship education. GCEC’s current memberships amount to 200 university-based entrepreneurship centers, ranging in experience from well-established and nationally ranked, to new and emerging centers. Each year, a global conference is held on the campus of a GCEC member school. Previous host universities have included the University of Maryland, University of Southern California, Ball State University, Wake Forest University, Babson College, Texas Christian University, University of Portland, University of North Carolina- Chapel Hill, the collaborative Midwest effort of Northern Kentucky University, University of Cincinnati, and University of Dayton, Syracuse University, University of Arizona, Rice University, and Pennsylvania State University. The conference, which is held in October of each year, continues to be the major focal point for the organization.

Yallabusiness.com HSBC Bank Egypt launched a non-for-profit Web portal named Yallabusiness.com in cooperation The School of Business partnered with some of the region’s largest and most prestigious business with Financial Services Volunteers Corps (FSVC). The Web portal aims at improving the awareness and entrepreneurship organizations to launch Wamda.com (meaning spark or flash of light), of entrepreneurs and small and medium enterprises on how to better manage business and deal a platform to help entrepreneurship in the Middle East and North Africa region to resolve the with banks. The School of Business is a partner in promoting this initiative as part of the activities difficulties of the lack of awareness and resources to turn ideas into businesses. Thelaunch undertaken by the Entrepreneurship and Innovation Program (EIP). of Wamda.com took place during a celebration of entrepreneurship that was held in Madinat Jumeirah Conference Center, Dubai (November 7 - 9, 2010).

202 203 The School of Business: Annual Report 2010 - 2011 External and Corporate Relations Agreements, Partnerships and Memberships and Alumni Engagement

“The School of Business continues to fulfill its mission of providing an excellent education to its enrolled students.

Moreover, the school goes above and beyond the call of duty in the leading role it plays in utilizing its facilities and resources to further the cause of innovation and entrepreneurship throughout the community at large.”

Chair, Sawari Ventures Ahmed El Alfi

Back: U.S. Ambassador to Egypt Margaret Scobey and His Excellency Minister Tarek Kamel, Minister of Communication and Information Technology Front: President Lisa Anderson and Ahmed El Alfi, founder and chair of Sawari enturesV (January 2011) The Academy of Business in Society In January 2011, the School of Business became a member of the Academy of Business in Society Partnership Incubator Agreement with Sawari Ventures (EABIS), which is an alliance of companies, At the conclusion of the Global Entrepreneurship Program (GEP) ceremony, held on January 21, 2011, business schools and other institutions AUC’s School of Business and Sawari Ventures, an international capital firm that invests in people committed to putting business in society issues turning visionary ideas into market-leading companies in the Middle East and North Africa, signed at the heart of management theory and practice. an agreement to partner together to create an entrepreneurship lab for incubating entrepreneurs, called Flat6Labs. The agreement will allow entrepreneurs to work with faculty members at the School of Business, who will advise and assist them in developing their business plans.

204 205 The School of Business: Annual Report 2010 - 2011 External and Corporate Relations Agreements, Partnerships and Memberships and Alumni Engagement

Department of Economics Agreement with University of Southampton’s School of Social Sciences Citadel Capital Financial Services Center Signs Partnership Agreement with the London Chartered Hala El Ramly, associate professor of economics at the School of Business, and Professor Institute for Securities and Investment Maozu Lu, director of the Centre for Contemporary China, School of Social Sciences, University Citadel Capital Financial Services Center (CCFC) signed a of Southampton, signed a memorandum of understanding on September 7, 2010 to develop partnership agreement with the Chartered Institute for Securities academic exchanges and cooperation in teaching and research for the purpose of advancing and Investment (CISI) on December 8, 2010. The agreement and disseminating learning. offers AUC students the opportunity to participate in widely- recognized training programs, sit for CISI qualifying exams, and (From right to left) Dean Sherif Student Exchange Agreement with NOVA School of Business and Economics, Kamel and CISI Chief Executive become accredited professionals by a leading training institute Officer Simon Culhane sign the Universidade Nova de Lisboa partnership agreement (December in the field of investment. CISI aims at promoting financial The purpose of this agreement is to establish the terms and conditions under which the exchange 8, 2010) knowledge, thus paving the way for those starting their careers of students between AUC’s School of Business and NOVA’s School of Business and Economics will in the financial services industry and enabling AUC students aspiring to pursue a career in finance take place at the undergraduate and/or graduate level. This agreement was effective on October to compete in the rapidly changing financial markets. CISI was formed in 1992 by London Stock 31, 2010, and the first cohort of students will be exchanged in Fall 2011. Exchange practitioners and provides a wide range of certificates and diplomas covering all areas of the financial services industry. CISI is awarded a Royal Charter, which defines its status as an Memorandum of Understanding Between AUC’s School of Business and the Peter B. Gustafson internationally acknowledged training institute. School of Business, University of Victoria The purpose of this MoU is to develop academic and educational cooperation on the basis of equality and reciprocity and to promote sustainable partnerships and mutual understanding between both universities. Activities to include joint research activities and publications developed through the research linkages of individual professors; exchange of faculty and/or staff members, graduate students and undergraduate students for research and study; and exchange of academic information and materials in fields of interest.

206 207 The School of Business: Annual Report 2010 - 2011 External and Corporate Relations and Alumni Engagement

Management Center Partners with World Scout Bureau Management Center Collaborative Agreement with the The Management Center and the World Organization of University of London the Scouts Movement’s Arab Regional Office signed a To provide students with a wide variety of internationally partnership agreement promoting future collaboration in accredited educational programs, the School of Business offering and delivering professional development programs and joint marketing activities, which aim has initiated the process for collaboration with the University to build academic and operational capacity-building programs. The World Organization of the Scouts of London, effective Spring 2011. Through the partnership, Movement is an international youth organization that promotes the education of youth using a value AUC will offer three professional diplomas in international system based on a community contract known as Scout Promise and Law. The Arab Regional Office management, management of information systems and is one of six offices affiliated with the organization. It plays an essential role within the organization banking. The programs will address international perspectives by supporting organizational governing and coordination bodies in their work at the local, regional and international levels. related to management and will be delivered through the Management Center at AUC’s School of Business.

(Left) Atel AbdelMagid, regional director University of London of the Arab Scout Regional Office delegates tour the campus (Right) Amr Hamdy, director of the Management Center at the partnership signing

208 209 The School of Business: Annual Report 2010 - 2011 External and Corporate Relations and Alumni Engagement

Renewal of Management Center’s Partnership with Logistics for Consultations and Development, The Management Center’s Partnership Agreement with The Department of Economic Saudi Arabia Development, Abu Dhabi

(Left:) Amr Hamdy, director of the Management Center, (Right:) Mohamed ElRafei, chair of Logistics for The partnership aims to provide professional development programs to staff Consultation and Development. of the department. Management Center Renews Partnership with the Arab Air Carrier Organization Logistics for Consultations and Development has been the Management Center partner in Saudi The partnership seeks to jointly implement professional development Arabia since 2007. The partnership is currently expanding across the kingdom to encompass programs in the aviation sector. Riyadh, Jeddah, Baha, Bisha, Dammam and other cities. The Management Center’s Partnership with Nasser Medical Institute The partnership aims to facilitate opportunities for the participants in the Management Center’s healthcare programs and conduct field visits and projects at the institute.

The Management Center’s Partnership with the Egyptian Chamber of Private Hospitals The partnership seeks to offer Management Center programs and services to private hospitals in Egypt.

210 211 The School of Business: Annual Report 2010 - 2011 External and Corporate Relations School of Business Participation in Local, Regional and International Events and Alumni Engagement

School of Business Participates in Local, Regional and December 5, 2010 International Events The American Chamber’s Entrepreneurship and Innovation Council Workshop The School of Business was an active participant at this major event, organized by the American

October 7 - 9, 2010 Chamber of Commerce in Egypt. Around 150 stakeholders in entrepreneurship gathered for the The 2nd Annual Student Chapter Conference daylong workshop titled An Ecosystem in the Making, with the goal to define a vision for an Mina Stefanos and Olivia Wassef, along with Dina Rateb, associate professor for management entrepreneurial ecosystem in Egypt and suggest a plan of action. The workshop focused on four information systems, participated in the Association for Information Systems (AIS) Student pillars: culture, finance, legislation and development. Attendees were divided into four groups, and Chapter Conference. The conference was held in Atlanta and hosted by Georgia State University, each group came up with practical suggestions for the way forward. and brought together faculty members and student leaders to share best practices among AIS student chapter universities. Furthermore, the conference provided an opportunity for members of January 9-12, 2011 university chapters to network and to share their best practices in a small, interactive workshop- The Global Entrepreneurship Program style sessions. The event featured a keynote speech about leadership in IT by Randal Robison, AUC’s School of Business participated as one of the lead partners alongside Sawari Ventures senior vice president and chief information officer at Georgia-Pacific Corporation. The conference and AmCham, in the Global Entrepreneurship Program (GEP) Egypt delegation’s visit. GEP is also featured, Benjamin “Coach” Wade, who is a well-known U.S. reality TV Survivor character. the first of two pilot programs to be launched, and is a U.S. Department of State-led effort to promote and spur entrepreneurship around the world. The GEP Egypt entrepreneurship delegation

November 6 - 7, 2010 brought together U.S. and Egyptian investors, entrepreneurs, and government leaders for a series The 15th International Business Information Management (IBIMA) Conference, Cairo of events and meetings designed to foster opportunities for conversation and collaboration. The 11 Nahed Azzab, assistant professor of management and Hamed Shamma, assistant professor representatives of the GEP delegation met with 32 Egyptian entrepreneurial applicants, more than of marketing, attended the conference. This annual academic conference, which was held in one-third of whom were graduates of AUC. The applicants, each representing different Egyptian cooperation with the School of Business this year, also includes representation from industry and start-up companies, were evaluated on their products and services. The winning companies, business, and encourages participation from Europe, Africa, the Middle East and the Far East. Kngine and SilMinds LLC – whose founder is an AUC alumnus – received $20,000 each. The general theme this year was Knowledge Management and Innovation: A Business Competitive Edge Perspective.

212 213 The School of Business: Annual Report 2010 - 2011 External and Corporate Relations Alumni Recognition and Alumni Engagement

“AUC’s School of Business continues to be the focus of thought Alumni Recognition leadership and innovation for our region. Now, more than ever, we The School of Business presented the following alumni awards to its need this the most. distinguished alumni

Thank you for the valuable contribution and difference that you are December 12, 2010 making to all of us. It helps us look beyond today in order to create At the Fall Undergraduate Honors Assembly a better tomorrow” Moustapha Sarhank ’85, president, International Business Associates Group; chair emeritus, Sarhank Group for Investments, Egypt

Strategic advisor, Department of Economic Development,Ali Q. Abu Dhabi,Jawad, U.A.E.; May 3, 2011 member of the Dean’s Strategic Advisory Board, At the Graduate Honors Assembly and Meet the CEO Series School of Business, AUC Nevine Loutfy ’74, managing director and chief executive officer, National Bank for Development

May 2011 At the Spring Undergraduate Honors Assembly Ziad Aly ’85, founder and chief executive officer, ALZAWAD

“The power of youth is undeniable, especially in today’s world. AUC’s School of Business is playing a key role in creating the leaders of tomorrow and encouraging talented minds to leave lasting, positive impact. With programs that are underpinned by entrepreneurship, innovation, and leadership, the School is creating the next generation of role models who can lead with vision and courage”

, Mustafa ManagingAbdel-Wadood’91 director, Abraaj Capital; member of the Dean’s Strategic Advisory Board, School of Business, AUC

214 215 The School of Business: Annual Report 2010 - 2011 Strategic GOALS

Creating a Culture of Governance, Academic and Operational Excellence and Continuous Improvement

216 217 The School of Business: Annual Report 2010 - 2011 Creating a Culture of Governance, Academic and Operational Excellence and Continuous Improvement

Advisory Bodies

Deans’ Strategic Advisory Board Chair: Adel Danish, PhD, chair and chief executive officer, Xceed, Egypt STRATEGIC POSITIONING COMMITTEE CORPORATE ENGAGEMENT COMMITTEE Co-Chairs Co-Chairs Ayman Ismail, chair and chief executive officer, Dar Al Mimar Group - Mountain View, Egypt Hassan Abdalla ’82 ’94, vice chair and managing director, Arab African International Bank, Egypt Dipak C. Jain, PhD, dean of INSEAD, former dean and professor of marketing, Kellogg School of Management, Northwestern University, United States Mustafa Abdel-Wadood ’91, managing director and CEO, Abraaj Investment Management, United Arab Emirates

Members Ahmed Abdel Wahab, PhD, chair and managing director, FAW Gabriel Hawawini, PhD, The Henry Grunfeld Chaired Professor of Members Induatrial Group, Egypt Investment Banking; former dean of INSEAD, France and Singapore Hashem Abou Zeid ’88, vice president, El Mansour & El Maghraby, Khaled Nosseir ’88, chair and chief executive officer, Alkan Group Egypt of Companies, Egypt Aftab Ahmed, city country officer and managing director, Citibank Ali Q. Jawad ’85, PhD, strategic advisor, Abu Dhabi Department of Egypt (new member) Economic Development, United Arab Emirates Nayera Amin ’76 ’81, managing director and chief executive officer, Ahmed Said ’85, PhD, chair, Global Brands Group, Egypt Piraeus Bank, Egypt Richard Barker, visiting professor of accounting, Said Business Salah Khalil, chair, Macat International, former strategy consultant Moustapha Sarhank ’85, president, International Business School, Oxford University, United Kingdom to Westminster Foundation for Democracy, United Kingdom Hala Bassiouni, managing director, Egyptian Housing Finance Associates Group; chair emeritus, Sarhank Group for Investments, Company, Egypt (new member) Egypt Youssef Bissada, PhD, emeritus professor of entrepreneurship, Steve Reinemund, PhD,former chair and chief executive officer, INSEAD, France; distinguished adjunct professor of entrepreneurship, PepsiCo; dean of the Wake Forrest Schools of Business, United States Hassan El Khatib, managing director, The Carlyle Group, Carlyle Mohamed Zaki El Sewedy, vice chairman and managing director, The American University in Cairo, Egypt Egypt Investment Advisors L.L.C., Egypt Zaki El Sewedy Group, Egypt Christopher Schroeder, chief executive officer, Health Central new( Ahmed Darwish, PhD, former Minister of State for Administrative member) Hisham Fahmy ’74, chief executive officer, The American Chamber Development, professor, Faculty of Engineering, Cairo University, Egypt of Commerce, Egypt Alex Shalaby, chair, The Egyptian Company for Mobile Services, Ali Faramawy, vice president, Microsoft International, Turkey Mobinil, Egypt Ibrahim Ghattas, managing director, SMG Engineering Automotive Company, Egypt Ossama Hassanein, PhD, chair, Rising Tide Fund, United States Tarek Tewfik, chair, Chamber of Food Industries; vice chair, Farm Frites, Egypt

218 219 The School of Business: Annual Report 2010 - 2011 Creating a Culture of Governance, Advisory Bodies Academic and Operational Excellence and Continuous Improvement

Deans’ Strategic Advisory Board Chair: Adel Danish, PhD, chair and chief executive officer, Xceed, Egypt PROGRAMS COMMITTEE Co-Chairs Soumitra Dutta, PhD, Roland Berger Chaired Professor of Business and Technology, founder and faculty director of elab, INSEAD, France

Safwan Masri, PhD, director of the Columbia University Middle East Research Center; former vice dean and director of the MBA Program, Graduate School of Business, Columbia University, United States

Members Karim Abadir ’85, ’91, PhD, professor of financial econometrics, Richard Schmalanse, PhD, John C Head III Dean and Professor of Imperial College, United Kingdom Economics and Management, MIT Sloan School of Management, United States Hisham El-Khazindar ’96, co-founder and managing director, Citadel Capital, Egypt Mona Yassine ’71, former chair, Egyptian Competition Authority; vice chair, Egyptian Society for the Protection of Competition, Egypt Omar El Sawy’74, PhD, professor of information systems, Information and Operations Management Department, Marshall School of George Yip, PhD, professor of management and co-director, Centre Business, University of South California, United States on China Innovation, China Europe International Business School, Shanghai; visiting professor, Imperial College Business School; Alaa Hashim ’97, chief executive officer, MAC Carpet, Egypt emeritus dean, Rotterdam School of Management, Erasmus Members of the Dean’s Strategic Advisory Board at the Second Annual Meeting of the Board (June 12, 2011) University, The Netherlands Jonathan Liebenau, PhD, Reader in Technology Management, London School of Economics & Political Science, United Kingdom

Dale Meyer, PhD, distinguished professor emeritus, University of Colorado-Boulder; senior chair, Western Partners Worldwide Foundation, United States

220 221 The School of Business: Annual Report 2010 - 2011 “AUC’s School of Business is at the epicenter of the greatest business and societal change of our time: a burst in Egypt, and around the globe, of technology-enabled entrepreneurship.

A new generation of young people with limitless talent, dissatisfied with the status quo, see people like them daily inventing and building businesses – and through technology are creating innovative enterprises for their region and around the world.”

Washington-basedChristopher Internet investor M. and Schroeder; entrepreneur; chief executive officer of healthcentral.com; writer on the rise of entrepreneurship in The Middle East; and member of the Dean’s Strategic Advisory Board, School of Business, AUC

222 223 The School of Business: Annual Report 2010 - 2011 Creating a Culture of Governance, Advisory Bodies Academic and Operational Excellence and Continuous Improvement

Management Center Advisory Council

Atif Abdelmageed, regional director, World Scout Bureau, Arab Haifa Jamal Al leil, president, Effat University, Saudi Arabia Regional Office, Egypt Madiha Khattab, chair, Health Committee Policies Secretariat, Ayman Abdel Latif ’82 ’86, country manager, Microsoft, Egypt National Democratic Party, Egypt

Ashraf Abdel Wahab, former assistant minster, Ministry of Ghassan Nakad, chief of party, Chemonics International, Egypt Administrative Development, Egypt Nader Riad, chair, Bavaria Co., Egypt Ghanem AlMazroui, executive director, support service, Department of Economic Development, Abu Dhabi Samir Riad’80, executive director of human resources, AUC, Egyptian Hatem Al Shanfari, member of Board of Governors, Central Bank of Oman, The Sultanate of Oman Amr Salama, former University counselor, AUC, Egypt

Sanaa El Bana, board member, Egyptian Kuwaiti Holding Ahmed Samy, chair, Technology and Innovation Council, Egypt Company, Egypt Samia Shenouda’86, former member, Shura Council, Egypt Fathi El-Sebai, chair, Housing and Development Bank, Egypt Said Talaat Harb, executive director, Foreign Trade Training Center, Egypt Members of the Management Center Advisory Council Amr Hamdy ’86 ’92, director, Management Center, AUC, Egypt Amr Touny ’89, director, Institute of Management Development, Yasser Hassan ’87 ’91, managing director, El-Watani Bank, Egypt Management Center, AUC, Egypt

Ashraf Ismail, managing director, JCI Middle East, Dubai

224 225 The School of Business: Annual Report 2010 - 2011 Creating a Culture of Governance, Advisory Bodies Academic and Operational Excellence and Continuous Improvement

Entrepreneurship and Innovation Program Council

Ayman Abdel Latif ’82 ’86, general manager, Microsoft Egypt Ghada Howaidy ’86 ’91, director, International Executive Education Institute, School of Business, AUC, Egypt Ahmed Abdel-Meguid, assistant professor of accounting, School of Business and Corporate Governance Club Faculty Advisor, AUC, Egypt Maha Hussein’94, associate operations officer, International Finance Corporation, Egypt Ehaab Abdou ’97, Ashoka fellow, advisor, Middle East Youth Initiative, Wolfensohn Center for Development, Brookings, USA Nader Iskander ’97, chief executive officer, Enterprise Mobility Solutions EME, Egypt Amr Abou Alam, chief executive officer, Smart Village Company, Egypt Ayman Ismail, chair, Dar Al Mimar Group - Mountain View Egypt Ghada Darwish’99, managing director, PIZA Industry Supplies Co, Egypt Ayman Ismail ’95 ’97, managing partner, Enovio Consulting LLC, Mike Ducker, entrepreneur-in-residence, Global Egypt Entrepreneurship Program, GEP Egypt Hatem Khater, chief executive officer, Namaa for Development and Ahmed El Daly, chief executive officer, Dale Carnegie Training, Egypt Real Estate Investment, Egypt and the Gulf Tarek Mansour ’80, partner, PricewaterhouseCoopers, Egypt Hashem El Dandarawi, chief executive officer, Dandara for Development and Investment, Egypt Maged Mansi ’88, chair, Mansi EyeWear, Egypt Hussein ElGueretly, chief executive officer, Orange Labs Egypt Tarek Osman ’05, managing director, Park Place Partners, Egypt Hassan El Khatib, managing director, Carlyle Group Nagla Rizk’83’87, associate dean for graduate studies and research; Emad ElSewedy ’88, chief executive officer and managing director, director of the Access to Knowledge for Development Center; and Members of EIP Council at the first council meeting (January 18, 2011) ElSewedy Electrometer, Egypt associate professor of economics, School of Business, AUC, Egypt

Ashraf Gamal, director, Egyptian Institute of Directors Khaled Samaha, assistant professor, School of Business, and Student in Free Enterprise (SIFE) faculty advisor, AUC, Egypt Amr Gohar, chair, ECCO, Egypt Iman Seoudi ’95 ’00, assistant professor of management, School of Ghada Hafez, Entrepreneurship and Innovation Program manager, Business, and Entrepreneurs’ Society faculty advisor, AUC, Egypt School of Business, AUC, Egypt Dalia Wahba’90, managing partner, CID Consulting, Egypt Hossam Heiba ’88, chief executive officer, Beltone Retail, Beltone Private Equity, Egypt

226 227 The School of Business: Annual Report 2010 - 2011 “The School of Business is orchestrating a leapfrog for AUC and is confirming one day after the other that it will remain a leading education institution that has always been offering effective contribution to all Egyptians.

The ongoing market engagement in the school’s development is really ensuring such leadership and effectiveness is maintained and nurtured everyday, of course could not have happened without a passionate and focused team in place.”

Egyptian entrepreneur,Dalia managing Wahba partner ’90of CID; member of the Entrepreneurship and Innovation Program Council, School of Business, AUC

228 Creating a Culture of Governance, Communications and Marketing Office Academic and Operational Excellence and Continuous Improvement

Communications and Marketing The School’s Web site The school’s Web site aims to establish an Internet presence for the school, and to offer information Launch of the Dean’s Blog (October 1, 2010) about the school’s programs, research centers, executive education, faculty, news and events. This The blog is an interactive virtual meeting point and a communication channel for all school stakeholders information aims to serve the needs of the global online audience. including students, alumni, faculty members, staff, and friends. In addition to serving as a platform to explore ideas and suggestions, discuss issues related to the school, business education, student life, and program offerings, the intent of the blog is also to reach to online communities and expand the school’s online presence.

230 231 The School of Business: Annual Report 2010 - 2011 Creating a Culture of Governance, Communications and Marketing Office Academic and Operational Excellence and Continuous Improvement

The School’s Newsletter The School’s Facebook Page

Newsletter (January 2011)

Newsletter (June 2011) The School of Business’s Facebook page is an integral part of the school’s social media presence, and seeks to create a network for the school stakeholders to facilitate and maximize the reach of The newsletter seeks to cover the school’s news and the achievements of different departments, the school, as well as to build more awareness about the school programs and activities in general. centers and units, as well as to introduce new opportunities for students and announce upcoming events and programs.

232 233 The School of Business: Annual Report 2010 - 2011 Creating a Culture of Governance, School Internal Events Academic and Operational Excellence and Continuous Improvement

The School’s Twitter Account School Internal Events

May 7, 2011 School of Business Retreat

The Twitter account seeks to connect and network with others, to be exposed to a steady stream Provost Medhat Haroun with School of Business faculty members and staff during the retreat (May 7, 2011) of ideas, content, links, resources, and tips focused on education, entrepreneurship, leadership and innovation, as well as to extend the reach of the school’s activities and to promote the school A school retreat was held for faculty members and staff. The retreat followed the 20th meeting for in general. the Council of the School of Business. Hamed Shamma, assistant professor of marketing, led the organization of the event.

234 235 The School of Business: Annual Report 2010 - 2011 Creating a Culture of Governance, School Internal Events Academic and Operational Excellence and Continuous Improvement

Photos by Peter Wissa May 10, 2011 The School of Business Sports Day The School of Business organized a sports day for faculty members and students, sponsored by Citadel Capital Financial Center, which took place in the ARTOC sports court. The day included soccer, basketball, and volleyball with the accounting, finance, marketing, and management teams pitted against one another.

Photos by Peter Wissa

Eskandar Tooma, associate professor of finance and the British Petroleum endowed chair with the Department of Management, won the Best Talked About prize on the sports day for his organization of such an enthusiastic event. Tooma announced the winning teams; accounting won first place, marketing won second place and finance took third place. Medals were distributed by Dina Rateb, associate professor for management information systems.

236 237 The School of Business: Annual Report 2010 - 2011 Creating a Culture of Governance, Staff Development, Recognition and Awards Academic and Operational Excellence and Continuous Improvement

Staff Development, Recognition and Awards The Staff Development Fund The Staff Development Fund (SDF) was initiated for the purpose of enhancing technical and personal skills of the School of Business’ staff through continuous training in relevant areas of expertise to enhance performance.

“The School of Business is blessed with a wealth of dynamic Awards talent from faculty members, staff, students, alumni, advisory board Excellence in Management Award Staff Excellence Award Staff Excellence Award members, and international partners that converge to offer world class education grounded in local and regional expertise. Fall Undergraduate Honors Fall Undergraduate Honors Spring Undergraduate Honors Assembly (December 12, 2010) Assembly (December 12, 2010) Assembly (May 8, 2011) I am very proud to be part of this team.”

Director ofGhada the International Howaidy Executive Education ’86 Institute, ’91 director of institutional development, School of Business, AUC Amr Hamdy ’86 ’92 Rabab Abuel Fetouh ’97 ’01 Sandy Iskander Director, Management Center MBA Program Executive External Relations Officer

238 239 The School of Business: Annual Report 2010 - 2011 Creating a Culture of Governance, Academic and Operational Excellence and Continuous Improvement

Certificates for Distinguished Efforts School of Business Retreat (May 7, 2011)

Heidy Allam, assistant to the chair of the Department of Accounting

Esraa El Bially, communications and marketing officer

Lana El Ramly, head of academic assessment

Sherine Gad El Mawla ’87 ’90, senior corporate relations executive, International Executive Education Institute

Salma Halawa, communications and marketing assistant

Ghada Howaidy ’86 ’91, director of the International Executive Education Institute (IEEI) and institutional development

Lina Nada ’99, assistant to the dean of the School of Business

240 STATISTICS School of Business Statistics August 2011

Faculty (2010 - 2011)

42 Full-time faculty 107 119 62 Adjunct f A C u lty STA f f faculty M embers M embers 2010 - 2011 2010 - 2011

3 Emeritus

244 245 The School of Business: Annual Report 2010 - 2011 School of Business Statistics August 2011 MBA GRADUATE Students 152 143 underGRADUATE Students (Enrolled) (Enrolled) 2010 - 2011 Fall 2010 Spring 2011 31 27 (Graduated) (Graduated) Fall 2010 Spring 2011

911(enrolled) Economic Programs GRADUATE Students 80 76 (enrolled) (enrolled) 283 Fall 2010 Spring 2011 (graduated) 11 15 (Graduated) (Graduated) Fall 2010 Spring 2011

246 247 The School of Business: Annual Report 2010 - 2011 School of Business Statistics 9,244 August 2011 Undergraduates and Graduates Alumni

Graduates Alumni 1,998 Undergraduates Alumni 7,246

473 408 Accounting Economics 85 Economics in International Development

1,146 Master of Business 3,927 2,846 Administration Business Economics 359 Administration Management

248 249 The School of Business: Annual Report 2010 - 2011 School of Business Statistics August 2011 1,559 Citadel Capital Financial 166,000+ Services Center ManagemenT Center ALUMNI Total Users (including recurring users) 35 210 244 202Graduates 34Scholars Programs Runs Instructors (2010 - 2011) (2010 - 2011) Goldman Sachs 10,000 Women Entrepreneurship and Leadership Program ALUMNI

250 251 The School of Business: Annual Report 2010 - 2011 School of Business Statistics August 2011

International Executive Education Institute

244 472 Participants 67 International Executive Companies 10 Education Institute Served Programs ALUMNI 4 370 Forums Training Hours

252 253 The School of Business: Annual Report 2010 - 2011 School of Business Statistics August 2011

El-Khazindar Business El-Khazindar Business Research and Case Center Research and Case Center

Workshops PUBLICATIONS 6 Case writing • 3 Case Solving 29 LONG Cases (17 in partnership with IGI Global Publishing) Case Book (12 in partnership with IBIMA Publishing) Academic Journals

Competitions 35 Mini Cases 2 Case writing • 1 Case SOLVING (13 published and 22 at final editing stage)

28 Micro Cases

254 255 The School of Business: Annual Report 2010 - 2011