SFU BEEDIE SCHOOL OF BUSINESS 2019–2020 ANNUAL REVIEW

SIMON FRASER MESSAGE FROM UNIVERSITY’S OUR DEAN BEEDIE SCHOOL Welcome to the latest edition of relies on students’ ability to travel. in supporting the recovery that will Outlook, which looks back at SFU Nevertheless, we are in a strong follow this crisis, and we are well Beedie’s achievements during the position to weather this storm and positioned to contribute by providing OF BUSINESS 2019/20 year. Each year of my tenure are committed to doing our part in high-quality business education. is home to those who believe in the power of business as dean seems more eventful than supporting our community and our to spark new ideas, fuel social innovations, and advance the last, and the past 12 months economy as we emerge from this society. Through teaching and learning powered by have been no exception. 2019 started challenging time. Canada and British Sincerely, in truly memorable fashion as we Columbia will remain attractive to world-class research, meaningful community engagement, hosted business competition JDC students for many reasons, and and a global outlook, SFU Beedie takes business education West, and the action barely let up we expect longer term trends to be beyond the walls of academia and empowers people from from there. favourable. Ali Dastmalchian diverse backgrounds and perspectives to reimagine the role From launching a truly On a personal note, I was deeply Dean, SFU Beedie innovative, new kind of graduate heartened by our community’s of business in tackling society’s most significant challenges. education program in partnership response to the crisis. Our faculty with KPMG, transforming our and staff facilitated a remarkably undergraduate onboarding process seamless transition to remote and welcoming several outstanding teaching in a very short timeframe, new faculty members, we have gone and so many individuals have from strength to strength across the supported one another through this school. challenging period. As this period drew to a close, the Looking forward to a brighter impact of the COVID-19 pandemic future, my confidence in British Message From Our Dean 1 Research 18 School Overview 4 Student Life 20 became increasingly clear. Every Columbia’s fundamental economic Undergraduate Program 8 Advancement 22 facet of our lives has been affected strength and potential for growth Segal Graduate School 11 Alumni 23 by the restrictions to control the remains undimmed. In recent Executive Education 13 Financial Review 24 virus’s spread, and our school is months we have seen several major Faculty 16 Leadership Team 25 no exception to that. While we are software and technology companies, fortunate to be able to continue including Amazon, Apple, Microsoft serving our students via remote and Shopify entering or expanding Cover: The cover image is a detail from one of two murals by internationally renowned, -based learning, we do expect the situation their presence in Metro Vancouver. artist Chairman Ting, commissioned for SFU Beedie. They were installed in the West Mall Complex at SFU’s Burnaby Campus in October 2019. to affect new enrollment, which Business will have a vital role to play ONE OF CANADA’S Pioneering programs that are the first of their kind in Canada: EXECUTIVE MBA MOST INNOVATIVE MANAGEMENT OF TECHNOLOGY MBA BUSINESS SCHOOLS EXECUTIVE MBA IN INDIGENOUS BUSINESS AND LEADERSHIP

Operating across three campuses in the major cities of Burnaby, Surrey and COUNTRIES Vancouver in , SFU 29,000 IN ALUMNI 82 Beedie is creating the business leaders of tomorrow through management education programs for both undergraduate and graduate students. 800+ 3,500+ 786 Graduate programs are delivered UNDERGRADUATE CO-OP GRADUATE STUDENTS UNDERGRADUATE STUDENTS PLACEMENTS PER YEAR through SFU Beedie’s Segal Graduate SFU Beedie’s three-campus model School. maintains a strategic and inherent Inspired by world-class research, connection with BC’s most important urban communities deep relationships with our local and and their economies international business communities, and commitment to building a sustainable future, SFU Beedie’s core activities focus on three strategic CORE FACULTY MEMBERS FROM MEMBERS CORE FACULTY pillars: Global Outlook; Innovation COUNTRIES and Entrepreneurship; and Social 99 21 Responsibility.

1% 2019–2020 OUTLOOK SFU BEEDIE SFU Beedie belongs to the 1% of business schools worldwide that are accredited by both 10,000 6,000 AACSB and EQUIS INDUSTRY CONNECTIONS ACROSS ORGANIZATIONS

4 5 STUDENTS HONOURED AT SFU BEEDIE STUDENT PART GDBA 20TH ANNIVERSARY ZABEEN HIRJI JOINS SFU BEEDIE AS SURREY’S TOP 25 UNDER 25 OF WINNING TEAM IN GLOBAL In 2019 SFU Beedie celebrated 20 EXECUTIVE IN RESIDENCE SFU Beedie was well represented at COMPETITION years since the launch of its pioneering Zabeen Hirji (MBA ’94), has been the Surrey Board of Trade’s annual A multidisciplinary team of SFU Beedie Graduate Diploma in Business appointed Executive-in-Residence at Top 25 Under 25 Awards for 2019, with and environment undergrads took first Administration (GDBA), SFU’s first SFU’s Beedie School of Business. In eight students or alumni appearing place in the finals of the global Map fully online graduate diploma program. her current role as Executive Advisor, on the list. The award winners were This innovative program continues the System competition held at Oxford FIRST KPMG COHORT COMPLETES Future of Work at Deloitte, Hirji advises honoured at an event celebrating University. This is the third consecutive to innovate and develop, offering an SFU BEEDIE HOSTS JDC WEST GRADUATE CERTIFICATE the firm and its clients on the changing SFU Beedie welcomed undergraduate remarkable initiatives taken by young year that an SFU team has finished in inclusive remote-learning experience nature of work. Prior to this, she had a SFU Beedie partnered with KPMG in business students from across Western people in Surrey. the top three of the competition, which for a diverse group of students. distinguished career at RBC, including Canada to create a new, innovative Canada as the school hosted top challenges students to explore societal serving as Chief Human Resources JULY graduate certificate program to business competition at JDC West. and environmental change through a Officer. enhance analytics skills among the The team representing SFU Beedie research lens. firm’s auditors. The inaugural cohort at the competition also delivered a JUNE completed the certificate in 2019, record performance, winning in several with the option to continue studies categories, and taking the coveted for another year and earn a Master’s School of the Year and Academic School degree. of the Year titles. APRIL DECEMBER JANUARY FEBRUARY 2019/2020 MILESTONES

JANUARY MARCH

MARCH SFU BEEDIE STUDENTS RAISE NEARLY NOVEMBER DARA KELLY HONOURED FOR WORK IN $20,000 FOR CANADIAN CANCER INDIGENOUS BUSINESS JULY SFU BEEDIE HOSTS INDIGENOUS SOCIETY The Confederation of University LEADERSHIP SERIES A group of SFU Beedie students raised Faculty Associations of British $19,733 for the Canadian Cancer Leading figures in Indigenous Columbia (CUFA BC) named Society in an initiative run as part MAY business and politics gathered at the Dr. Dara Kelly as the winner of its of a project management class at Segal Graduate School in October Early in Career Award for 2020, for the school. Students enrolled in the EMBEDDING PROJECT WINS AACSB and November for the Indigenous her work focusing on Indigenous BUS 361 Project Management class, INNOVATIONS THAT INSPIRE AWARD Leadership Series, hosted by SFU business theory. This award taught by Dr. Kamal Masri, raised the SFU BEEDIE HOSTS YOUTH SFU Beedie’s pioneering Embedding Beedie. The series comprised of recognizes the contributions to the funds through the 25toLife initiative, ENTREPRENEURSHIP FESTIVAL Project, the global sustainability four credit courses, delivered in non-academic community made by

a joint project between the class and 2019–2020 OUTLOOK SFU BEEDIE SFU Beedie hosted more than 50 teams initiative founded and led by ENTREPRENEURSHIP PROGRAMS partnership with the University of faculty members who are at an early the Canadian Cancer Society. of young entrepreneurs at the SFU SFU Beedie Associate Professor RECEIVED FEDERAL FUNDING Arizona’s Native Nations Institute. point in their careers. Surrey campus for the ninth annual Stephanie Bertels, was recognized Two SFU initiatives, Coast Capital Opportunity Festival. Competitors from with an Innovations that Inspire Savings Venture Connection and SFU many SFU faculties, as well as high- award by the Association to Advance Beedie’s Invention to Innovation (i2I) school entrepreneurs, showcased their Collegiate Schools of Business program, received nearly $3 million innovative ventures and vied for prizes in International (AACSB), the world’s of federal funding from Western a range of categories. largest business education network. Economic Diversification (WD). 6 7 Incoming undergraduate students are now better supported than ever, PREPARING with the opportunity to participate in SFU Beedie Launch, a newly created three-day orientation program designed to welcome and introduce students to the community. There are FOR LAUNCH two versions of the Launch program, one for students joining direct from high school, and one for transfer students joining from other faculties and post-secondary institutions. Each program is tailored to provide UNDERGRADUATE PROGRAM students with knowledge and experiences to ease their transition The step from high school or college to university can be a daunting one for into SFU Beedie as engaged members many students. New classmates, unfamiliar surroundings and challenging of the community. the agenda, SFU Beedie Launch community through a networking In previous years, student academics can seem overwhelming, and students need the right support to expanded to include personal and alumni breakfast. The Transfer orientation has focused on providing leadership development, build pride Launch program, which includes ensure they can adapt and thrive in the new environment. fun activities and social events. This in the school through a pep rally, and more international students from all year, while fun remained firmly on build closer connections to the wider over the world, includes education on

9 SEGAL GRADUATE SCHOOL

Travelling the world, meeting with commercial partners and presenting strategic recommendations based on business analysis—it sounds like the job description for a high-flying 3,784 strategy consultant. But SFU Beedie Full Time MBA candidates can do all this and more in the SFU BEEDIE UNDERGRADUATES MBA International Applied Project, introduced in 2019.

Students taking the new course the students presented their findings program, students gained first-hand tackled a real-world business to executives at the Vancouver Port knowledge of the complexities of challenge posed by the Vancouver Authority, drawing on the skills and working in a multi-cultural business Port Authority. As they developed experiences gained during the trip environment. 110 solutions, they completed fact- and the MBA program as a whole. With travel restrictions in 2020 COUNTRIES REPRESENTED finding overseas residencies and The new program exemplifies due to COVID-19, the experience IN THE SFU UNDERGRADUATE STUDENT BODY company tours with partners in Hong SFU Beedie’s commitment to will be recreated through online and Kong and Singapore, including visits experiential learning, global remote sessions. Associate Dean, to ports and business schools in perspective, and engaging with Graduate Programs, Andrew Gemino, those cities. Returning to Vancouver, communities. Through this unique is confident the initiative will be available to graduate students over Indigenous issues and other aspects won’t understand them in the same the longer term. of Canadian history and culture. way as if they have actively figure it 96% “The Applied Project Students continue their out for themselves, worked through OF 1ST YEAR SFU BEEDIE encapsulates so much of what we STUDENTS SUCCESSFULLY introduction to SFU Beedie’s ethos the problems and achieved success strive to do as a business school,” TRANSITION INTO 2ND YEAR of experiential learning with BUS on their own terms.” he says. “This is the type of program 201, an internal in Tingling’s philosophy is to instill that truly sets SFU Beedie apart which all undergraduate admitted in his students three core values: from other schools.” from high school take part. The pride, presence and responsibility. course gives students a taste He believes students who take pride 92% of the teamwork and personal in the school, are actively engaged OF SFU BEEDIE GRADUATES accomplishment that comes with in the community and activities on ARE EMPLOYED WITHIN experiential co-curricular activities. offer, and who take a proactive role 6 MONTHS OF GRADUATION For Associate Dean, in their own growth will be well Undergraduate Programs, Peter positioned when they graduate. Tingling, these initiatives prepare “This is about preparing our students to succeed in their SFU students and giving them the tools Beedie careers, and beyond. they need to succeed—getting them $2.3M “I like to see the students ‘society ready’”, says Tingling. “We immersing themselves in these have developed these programs over IN SCHOLARSHIPS AND AWARDS

activities and having the opportunity many years and we know that they 2019–2020 OUTLOOK SFU BEEDIE RECEIVED BY SFU BEEDIE STUDENTS IN THE PAST YEAR to learn by doing,” he says. “I always work. I’m excited to see the impact say it is the difference between acting build over the coming years.” in a play and watching a movie; if we just tell students the answers they LIVING 10 BUSINESS 11 INVESTING IN THE FUTURE months with a new cohort of For those who discover a EXECUTIVE EDUCATION students, largely drawn from the love for investment through the When it comes to experiential MSc Finance program, as well as fund, however, the experience is learning, SFU Beedie puts its money some MBA candidates. Each year extremely rewarding. SIAS alumni With more than 20 years of experience partnering with some of Canada’s most forward-looking where its mouth is. Students in the there is a two-month overlap period are working across the spectrum of organizations, SFU Beedie’s Executive Education team develops customized, high-impact Segal Graduate School can join the as the outgoing managers pass on investment roles, all over the world, Student Investment Advisory Service their knowledge to the new team. for some of the biggest names in the learning opportunities for organizations and individuals. Whether creating a Graduate Diploma (SIAS) fund, an entirely student- “The attitude shouldn’t be that industry. They also establish lasting in Business Administration (GDBA) that stacks into an Executive MBA for executives at mining run group which actively invests this is a one-year job,” says Powers. relationships and many are still in giant Teck or engaging in leadership programming with CIOCAN for technology sector leaders around $20 million of the university’s “The success of the fund depends frequent contact with one another in the Technology Leadership Program, the same principles apply: we come together around Endowment Fund. Now in its 19th as much on the work done by the many years later. year, SIAS is one of the largest previous cohort as the current one, Powers believes for some pressing needs and challenge participants to change their mindset by utilizing world-class student managed funds in North and each team should be trying to students taking part in SIAS can be research and teaching from SFU Beedie faculty that is reinforced by industry experts. America. leave the fund slightly better than one of the most meaningful aspects For Glenn Powers, Faculty Advisor they found it.” of their SFU Beedie studies. “The to SIAS and himself an alumnus of In this way, the students take program is designed to be inclusive, the team, what is special about the on the full spectrum of roles because you never know at the start fund is that students actually make in investment management who will get the most out of it,” he the investment decisions themselves. organization: not only making says. “Some students with no past “Sometimes the investments go well, investment decisions, but investment experience are the most sometimes less well, but that is what A GLIMPSE INTO researching stocks, managing successful and they really grow into education is really all about,” he says. records, preparing presentations and leaders.” Over nearly 20 years, the fund organizing meetings with the client. has grown in size from $6 million to They also learn important mentoring around $20 million. More importantly skills, as they pass these lessons on it has done so by consistently beating to their successors. THE FUTURE the market, achieving returns Within the team, some students around 1 percentage point ahead of naturally emerge as leaders and the weighted benchmark over the dedicate significant time and past 10 years. The fund’s returns work to the fun. Others might are in line with those achieved find themselves focusing on other by the professional investment aspects of their program, and that firms managing the university’s is fine with Powers. “I’d much rather endowment. they find they aren’t interested while Unlike professional firms, they’re at grad school than when however, the entire team of 30 they’re in a job working 60 hours a managers is replaced every 15 week,” he says.

SALARY INCREASE AVERAGE MENTORS IN ACROSS ALL GRADUATE CLASS BUSINESS PAIRINGS GRADUATE SIZE ACROSS PER YEAR, LARGEST 25% PROGRAMS 45 PROGRAMS 300 IN WESTERN CANADA

12 “In all sectors, we see both organizations and individuals ENTREPRENEURSHIP PROGRAM EXPANDS STUDENTS HAVE COMPLETED THE i2I increasingly faced with new work realities – from advances in IN PARTNERSHIP WITH MITACS GRADUATE CERTIFICATE technology to diversified workforces to the need for new models of 74 SINCE 2015 More scientist entrepreneurs can parties are excited to expand the collaboration. Organizations need to be adaptable and individuals now access SFU Beedie’s Invention program nationally. need to learn quickly. In order to prepare for the future of work, we to Innovation (i2I) program, thanks “Mitacs is proud to be partnering Students are applying their work closely with our partners to embrace bold initiatives, support to a new partnership between the with the SFU Beedie School of research in the latest technologies, school and Mitacs, a not-for-profit Business’s Invention to Innovation mindset change and deliver immediate positive impact.” like robotics and nanotechnology, organization that fosters growth program to deliver a unique model to to tackle unmet needs in areas JENNIFER BEALE, EXECUTIVE DIRECTOR, EXECUTIVE EDUCATION and innovation in Canada by solving our interns and fellows,” says John such as: challenges with research solutions Hepburn, CEO and Scientific Director, from the best academic institutions. Mitacs. “This collaborative effort ENVIRONMENT AND CLEAN “Innovate or die” has become a truism of modern business, and it applies i2I is a transformational has been a phenomenal partnership TECHNOLOGY experience that develops innovation that is seeing participants develop HEALTHCARE: MEDICAL DEVICES, equally to business education. skills resulting in a change in entrepreneurial mindsets to BIOMEDICAL ENGINEERING, in year one, and have the option mindset. The program equips commercialize their inventions”. THERAPEUTICS By this measure, SFU Beedie is in at KPMG in Canada. “As a people- of continuing for a second year graduate scientists and engineers The hybrid model is being good health. In 2019 the inaugural based business, it’s critical that our and gaining a Master of Science in FOOD AND AGRICULTURE with the frameworks, perspectives delivered over a seven-month period, cohort completed a pioneering new people are equipped with the right Accounting with Cognitive Analytics. and techniques to make an impact through a combination of face-to- CONSUMER GOODS graduate certificate, created by skills and capabilities to be ahead “This program is a glimpse into through their work—whether as a face sessions and a sophisticated SFU Beedie’s Executive Education of the curve on all of the latest and the future,” says Ali Dastmalchian, scientist-entrepreneur, a champion of online learning environment. and Graduate Programs teams in emerging technologies.” SFU Beedie’s Dean. “People are Pathways for students innovation in industry or by applying The experiential program, which partnership with the accounting Working closely with KPMG to looking for programs that really have completing the i2I programming their knowledge as a translational simultaneously develops the student firm. understand the challenge and create an impact. The ties between industry scientist. The i2I programming, and and the innovation idea, is taught SCIENTIST-ENTREPRENEUR KPMG selected SFU Beedie to a highly tailored solution, SFU Beedie and business schools are growing its new partnership, was recognized by a mix of SFU Beedie Innovation & develop the new national program, developed an entirely new program closer as we try to meet their CHAMPION OF INNOVATION as a 2020 Innovation that Inspires Entrepreneurship research faculty, to further develop the firm’s auditing to meet the firm’s needs. Catering needs. For example, specializing IN INDUSTRY award winner by AACSB. along with experienced marketing, capabilities with data analytics, and to auditors from across Canada, in particular areas instead of more Under the new partnership, SFU IP, and investment practitioners. TRANSLATIONAL SCIENTIST/ better prepare its auditors for the the program is delivered through a general programs and more flexibility Beedie has built a pilot for a non- “We have been very impressed KNOWLEDGE MOBILIZER rapidly changing world of machine combination of in-person classes to in the way programs are offered. credit i2I Skills Training program to with the way that the first cohort in learning, artificial intelligence and build relationships among the cohort, All of these trends are embodied in complement the graduate certificate, the i2I Skills Training program has 2019–2020 OUTLOOK SFU BEEDIE technological transformation. and remote learning through this program. The future is merging taking the successful i2I curriculum both advanced their innovation ideas “These scientist and engineers “New and disruptive technologies SFU Beedie’s sophisticated online executive/management development and creating a hybrid model allowing and developed the perspective and have developed entrepreneurial are rapidly changing how we learning platform. programs with our degree programs.” more entrepreneurs to make a real- skills to create greater impact from capabilities throughout the i2I approach our audits today, and in Auditors taking the program world impact with their scientific laboratory research throughout their program, and are now poised to make the future,” says Kristen Carscallen, complete a Graduate Certificate in inventions. The successful pilot careers,” says Elicia Maine, Academic greater impact in the innovation Canadian Managing Partner for Audit Accounting with Digital Analytics program culminates in May and both Director of the program. ecosystem.” 14 15 FACULTY “World-class faculty members make SFU Beedie the business school it is today, and our future ambitions are reflected in our ongoing commitment to bringing more of the best academics to the school.”

– DR. BRENDA LAUTSCH, ASSOCIATE DEAN, RESEARCH FACULTY FOR THE FUTURE GROWING OUR FACULTY

SFU Beedie’s strategic review has ideas to the faculty and support the • Terri Griffith, Keith Beedie Chair in In addition, the following SELECTED FACULTY AWARDS AND RECOGNITION: identified the need to increase the school’s vision, as the hiring criteria Innovation & Entrepreneurship; existing faculty members were number of faculty in order to continue prioritize scholars whose work is • Feyza Sahinyazan, Assistant recognized with professorships: •  Brent McFerran and Jing Li • Karel Hrazdil, Fereshteh improving teaching, resourcing consistent with our strategic priorities Professor, TOM; • Elicia Maine, W.J. VanDusen – Winners of SFU Beedie School Mahmoudian and Kamal Nazari programs, and creating innovative of innovation, social responsibility and Professorship; of Business Dean’s Research – Winners of The Lazaridis Institute • Eduardo Schwartz, Ryan Beedie research. This underpins the school’s global perspectives. Excellence Awards 2019 Prize for Best Paper on Accounting Chair in Finance; • Ian McCarthy, W.J. VanDusen ambition to create the best possible 2019 saw significant progress, with Professorship; and • Rosalie Tung Issues Affecting High-Growth learning environment and experience • Miremad Soleymanian, Assistant Technology Firms, June 2019, seven new appointments to the faculty: • Lieke Ten Brummelhuis, Beedie – 2019 Academy of Management for SFU Beedie students in both Professor, Marketing; and for their paper: “How do big • Deniz Anginer, Assistant Professor, Professorship. Distinguished Service Award the undergraduate and graduate Finance; • Jeffrey Yip, Assistant Professor, – Gold Medal from the Journal of five personality traits relate to programs. New hires also bring new MOS. At the start of 2020, SFU Beedie corporate social responsibility • Tom Culham, Lecturer, Strategy; International Business Studies also welcomed financial services performance?” industry leader Zabeen Hirji as • Sarah Lord Ferguson and Emily • Dara Kelly Executive-in-Residence, further Treen (PhD students supervised – Early Career Scholar award from building faculty capacity and links by Leyland Pitt) Confederation of University Faculty to the business community. Hirji – Winners of 2019 Jay Lindquist Associations of BC (CUFA) is Global Advisor, Future of Work Best Paper Award - World with accounting firm Deloitte, and Marketing Congress of the • Jeffery Yip a former Chief Human Resources Academy of Marketing – Research fellowship award by the Officer (CHRO) and member of the Think2Perform Research Institute Deniz Tom Terri Group Executive at RBC. for research on ethical leadership.

Feyza Eduardo Miremad 2019–2020 OUTLOOK SFU BEEDIE

CORE NEW FACULTY NATIONALITIES FACULTY COUNTRIES APPOINTMENTS REPRESENTED IN MEMBERS DURING 2019/20 THE FACULTY 99 FROM 21 7 FISCAL YEAR 21 Jeffrey 16 17 RESEARCH HIGHLIGHT

These findings are consistent with STRANDED FOSSIL FUEL financial markets penalizing future investment in undeveloped reserves VEC PARTNERSHIP growth to due to climate policy risk; RESERVES AND FIRM VALUE they believe there is a possibility these Mobilizing knowledge and putting BY CHRISTINA ATANASOVA AND EDUARDO SCHWARTZ reserves will become obsolete and research into practice in the may never be extracted. community is a core part of SFU As the COVID-19 pandemic and Beedie’s mission. That’s why, in Understanding the wide-ranging Using a sample of 600 North RESEARCH CENTRES geopolitical pressures impact oil June 2019, SFU Beedie formed an impacts of climate change is perhaps American oil firms over the period prices and producers, the study’s agreement with the Vancouver the major challenge of our era. SFU from 1999-2018, the researchers authors believe their research is even Economic Commission (VEC) to Beedie faculty members Christina documented that, while reserves are more timely. help them develop their Economic Atanasova and Eduardo Schwartz an important component of company “Developments in early 2020 CREATING Transformation Lab (ETL), a research have made a timely contribution to value, the growth of these reserves have hit the oil markets hard,” partnership with local universities our understanding of business in has a negative effect on value. This says Atanasova. “The price war and global consultancies that will the era of climate change with their negative effect on value is stronger for between Saudi Arabia and Russia, study significant economic trends paper Stranded Fossil Fuel Reserves oil producers with higher extraction the unprecedented collapse in oil KNOWLEDGE costs, greater undeveloped oil and challenges, and their anticipated and Firm Value, which examines demand caused by the coronavirus impacts on the region. whether valuation of fossil fuel firms reserves—which would require major New research into ever-changing pandemic and the negative prices as JACK AUSTIN CENTRE FOR ASIA The partners will work together is affected by the risk that their capital expenditure and more time to issues, techniques and trends is storage space disappeared have been PACIFIC BUSINESS STUDIES to evolve a novel model of economic reserves will become ‘stranded’ in the extract—or those located in countries crucial to developing well-structured catastrophic for North American oil Jack Austin Centre for Asia Pacific development research for the region transition to a low-carbon economy. with stricter climate policies. and forward-thinking organizations. producers.” Business Studies – a joint venture of featuring data analytics, community The Beedie School of Business has “Stimulus spending has already the Asia Pacific Foundation of Canada engagement, ecosystem cooperation, research centres led by senior faculty, exceeded both the 2009 recovery and – was multidisciplinary collaboration with which investigate new knowledge measures and the ‘New Deal’ named to recognize Jack Austin’s academic researchers and next and information related to today’s programs of the 1930s as politicians exceptional contribution to Canada- generation talent development. business practices. These centres are promise return to ‘normal’. Our Asia relations. The goal of the Centre In doing so, they hope to develop the result of the direct involvement research suggests that taxpayer is to carry out research, outreach and actionable initiatives that can of the business community in money should not be used to support training activities on business issues strengthen an innovative, sustainable supporting research at SFU Beedie. investment in growing fossil fuel that are relevant to Canada’s interests and inclusive economy for all citizens •  Centre for Corporate Governance reserves.” in the Asia Pacific region. in the region. and Sustainability • Centre for Global Workforce Strategy NUMBER OF TOTAL NUMBER

• CPA Innovation Centre 2019–2020 OUTLOOK SFU BEEDIE RESEARCH PUBLICATIONS DURING • Jack Austin Centre for Asia Pacific 15 GRANTS 127 2019/20 FISCAL YEAR Business Studies

TOTAL VALUE OF RESEARCH GRANTS 18 $450,000+ 19 Graduate students have similar opportunities for competition, including general business competitions like the MBA Games and more sector-specific events such as the Net Impact Sustainability Challenge. The latter event took place in 2020 in remote format, owing to the restrictions around COVID-19, underlining the adaptability and commitment shown by its organizers and competitors. The benefits of these events go beyond the individual students competing. SFU Beedie undergraduates This is reflected by our students’ high level of organize the annual CaseIT event, STUDENT LIFE participation—and success—in business case one of the leading international management information systems competitions. Engagement and a belief that case competitions, and in 2019 hosted Whether hosting major events major regional competition JDC West. students learn best by actively or travelling overseas to compete Hosting these events gives students participating in challenging themselves, SFU Beedie graduate and hands-on experience of planning undergraduate students have ample and executing every facet of a large- experiences are crucial to opportunity to forge their business scale, complex event, which can prove SFU Beedie’s ethos. skills in the crucible of competition. invaluable in their later careers. All incoming undergraduate Veterans of case competitions, both students from high school take part students and alumni, often continue in an internal case competition as their development by contributing part of the mandatory BUS 201 class, in different roles. There are many and for many this introduction is opportunities for individuals to share only the beginning of a rewarding their experience and learn new skills journey. Students can develop their of teaching and mentorship, by serving skills through internal competitions, as team coaches or judges at events. and go on to test themselves The competitions also allow students ENGAGED against their peers in regional and to build networks and relationships even international events. In 2019, that might prove valuable for their SFU Beedie undergraduates won whole careers, with one another prestigious titles at regional event JDC and with the alumni and corporate West, and travelled to Universidad partners on the judging panels. Panamericana in Guadalajara, Mexico, 2019–2020 OUTLOOK SFU BEEDIE where they triumphed in the Business LEARNING and Management Case Competition (BMCC).

20 21 ADVANCEMENT BUILDING FOR THE FUTURE Philanthropic support from alumni and community partners provides the margin of excellence to elevate the student experience and enhance our community impact. Most directly, our donors’ generosity reduces financial barriers for students, allowing them to realize their potential and build better futures for themselves and their communities. Donor investment in programs and research amplifies the ability of our faculty thought leaders to create new knowledge and insights, benefiting students, business leaders and society.

Here are just some of the ways Alumnus Davorka Cvitkovic The Charles and Eve Chang philanthropy has made a difference (MBA ‘92, BBA ’87) established Foundation established the opportunities. Both students and over the past year: The Davorka Cvitkovic Research Charles and Eve Chang Award for alumni reported satisfaction with the opportunity to connect and learn KPMG Foundation made a Fellowship in Business and Entrepreneurial Mindset, available from one another, and that valuable substantial commitment to Social Impact through a to students enrolled in the Chang relationships were formed. Building help prepare students for the generous bequest. The future Certificate for Innovation and ALUMNI on the success of this project, fast-changing world of digital fellowship will advance research Entrepreneurship. The Changs alumni will be incorporated in transformation. The KPMG and enhance teaching at the made a gift of $10M in 2016 to BEAM/SIAS TORONTO FINANCIAL future iterations of the MBA applied Foundations of Digital Innovation intersection of business and establish the Charles Chang TREK projects. initiative, which will be led by social impact. Institute for Entrepreneurship to catalyze entrepreneurship Alumni who had served on the teams As well as receiving practical Dr. Jamal Nazari, encompasses Alumnus Ian Gilhooley (MBA of SFU Beedie’s two student managed insights for the funds from alumni a speaker series, technology ’92) and his family made a programming across SFU. SFU BEEDIE TALKS investment funds—the Beedie who had gone on to pursue roles in workshops and an annual generous donation to establish Prospera Credit Union In 2019, the school launched SFU Endowment Asset Management investment management, the event competition for students to hone an endowed bursary to support sponsored Opportunity Fest, Beedie Talks, a new speaker series (BEAM), which is managed by allowed students to learn more about their skills on real-world business the entire yearly tuition cost for SFU Beedie’s showcase of highlighting the changemakers undergraduate students, and Student the industry and build connections challenges. an undergraduate student facing student entrepreneurship found within the SFU Beedie Investment Advisory Services to support their own burgeoning financial difficulties. projects, supporting last-minute community. To date, alumni Charles (SIAS), managed by students in the careers. efforts to pivot to a virtual event Chang, BBA ’95, President & Founder, MSc Finance and MBA programs— during the early stages of the Lyra Growth Partners and Sandra connected with current student fund COVID-19 pandemic. MBA APPLIED PROJECT Stuart, BA’ 16, President and CEO, During 2019/2020, 212 donors contributed $2,080,908 managers at an event in Toronto in SFU Beedie Alumni in both Hong HSBC Bank Canada have shared July 2019. to advance the mission of SFU Beedie. Kong and Singapore played a major their stories to standing-room-only At the BEAM/SIAS Toronto role in the 2019 MBA applied project, audiences. This series is particularly Financial Trek, the current fund ALUMNI CORPORATIONS STUDENT FACULTY AND which took students and alumni on notable as the audience is inclusive managers presented to the veterans 49% 10% SUPPORT DEPARTMENT a journey from the port of Vancouver of prospective students, current SUPPORT on the status of the fund and fielded 2019–2020 OUTLOOK SFU BEEDIE 26% to the ports in both Hong Kong and students and alumni, reflecting DONOR GIFT 53% probing questions on their investment Singapore. SFU Beedie’s commitment that the SOURCE DESIGNATION strategies and approach. The event Alumni were integrated into alumni community is an inclusive was hosted by alumnus Helena the project through participation one that welcomes and supports FOUNDATIONS Gottschling, BBA’ 85, who is now Chief in lectures, company tours and individuals at every stage of their 20% COMMUNITY Human Resources Officer at RBC. formal and informal networking journey with the school. FRIENDS ENGAGEMENT RESEARCH 22 21% 17% 3% 23 FINANCIAL REVIEW LEADERSHIP TEAM 2019/20 was another successful year at SFU Beedie School of Business. Overall revenues across all areas increased by 11% compared to the previous year.

Enrollments across all programs ALI DASTMALCHIAN CAROLYN EGRI ANDREW GEMINO remained strong, with encouraging SOURCES OF FUNDS Dean, Beedie School of Business Associate Dean, Research & International Associate Dean, growth in areas such as the Charles (MILLIONS) Professor, Management and William J.A. Rowe EMBA Alumni Professor Graduate Programs Chang Certificate in Entrepreneurship Organization Studies and Professor, Management and Professor, Management Year Ended Year Ended and the Business Option (Minor) in International Business Organization Studies Information Systems April 30, 2020 April 30, 2019 Ali is an international award-winning, Carolyn is a pioneer in research related Andrew is an award-winning teacher the undergraduate program. The Segal teacher, facilitator, and researcher. Ali to corporate environmental and social who has twice received the Canada Graduate School also introduced a Degree Programs $36.96 $34.22 brings 20+ years’ experience in leadership responsibility, which is also a focus Trust Distinguished Teacher award brand-new Graduate Certificate in Executive Education $2.13 $1.04 roles at Canadian universities, previously of her teaching. A prolific researcher, from SFU Beedie. His academic Accounting and Digital Analytics as serving as Dean of the Gustavson she has published on cross-national research focuses on information Endowment Income $2.41 $2.22 well as an MSc in Accounting and School of Business at the University of differences in corporate environmental technology project management, Cognitive Analytics, in collaboration Reserve and Other $ 4.45 $3.90 Victoria (2002-2012) and in the Faculty social responsibility practices as well as business systems analysis and the of Management at the University of managerial values and influence tactics. design of technology-mediated with KPMG Canada, with a total of $45.95 $41.38 Lethbridge (1997-2002). Ali is also Carolyn devotes considerable time to service collaborative environments. Andrew over 130 participants. Income from the President and Chair of the Global in her academic community which includes holds a National Sciences and Research the school’s endowments increased by Leadership & Organizational Behaviour being an Associate Editor for Business Council of Canada (NSERC) grant to 9% compared with the previous year. Effectiveness (GLOBE) Foundation. & Society journal as well as serving on a study the effective communication of The Executive Education department USES OF FUNDS variety of academic journal editorial boards. information system requirements. generated a healthy addition to the (MILLIONS) school’s revenues, with an increase of over $1M. Year Ended Year Ended Both Executive Education and April 30, 2020 April 30, 2019 endowments are ways in which Salaries and Benefits $ 27.38 $24.28 SFU Beedie is trying to diversify its sources of revenues, while providing Teaching & Research Support $ 7.20 $ 6.70 Program and Operations Expenses $ 6.13 $ 5.85 a unique and positive experience KIRK HILL BRENDA LAUTSCH PETER TINGLING for our students and stakeholders. Other $ 5.20 $4.55 Assistant Dean, Associate Dean, Faculty Associate Dean, Undergraduate Programs The graduate school is also in the $45.92 $41.38 External Relations Associate Professor, Management Associate Professor, Management process of developing a new Master in As Assistant Dean, External Relations, and Organization Studies Information Systems Management (MiM) program, which Kirk’s portfolio includes marketing and Brenda holds a doctorate in Industrial Peter is an award-winning educator communications, alumni engagement, Relations and Human Resource and a leading researcher in the field is making its way through various employer relations, the graduate career Management from the M.I.T. Sloan School of organizational decision-making, in approval stages. While it is to be

management centre, sponsorship, of Management and a Master in Industrial particular focusing on professional sports 2019–2020 OUTLOOK SFU BEEDIE expected that 2020 enrollments will association management, and providing Relations from Queen’s University. She’s teams. He has had a long association be affected by the COVID-19 academic, event and conference services for among the top ten per cent of faculty with higher education and has taught the school goes into this challenging the school. Kirk began his career on the Beedie Teaching Honour Roll. at several business schools. Prior to period on a firm financial footing. at SFU Beedie in 2003. He holds an She teaches and conducts research academia, Peter had more than two undergraduate degree from Arizona State on negotiation and alternative dispute decades of industry experience working in University and an MSc in Organizational resolution, new work arrangements, a number of senior line and staff positions Behaviour from the University of London, work-life balance, qualitative research as well as consulting to a diverse range 24 Birkbeck and is a holder of the Institute of methods, and the effect of flexible work of Fortune 500, government, and start-up 25 Corporate Directors Director designation. on work and life outcomes. organizations across North America. “Universities and business schools play a vital role in giving students the knowledge and skills they need to make an impact. SFU Beedie has shown a commitment to building deep connections with the wider business community. The Beedie School of Business Advisory Board ensures that the school’s programs remain relevant and effective in producing world-class graduates who are ready for the workplace. As an alumnus of the school and frequent SFU volunteer, I am proud to serve as Board Chair and to be involved in shaping the future of SFU Beedie.”

BARRY MACDONALD , ADVISORY BOARD CHAIR BEEDIE ADVISORY BOARD MEMBERS

GOVERNANCE FRAMEWORK Fundamental to good governance is the need for a strong advisory board. While operating within the overall university structure, the school has established the Beedie School of Business Advisory Board to assist in the accomplishment of its mission and objectives. The individuals on the Board provide expertise, guidance and direction in support of our commitment to relevant education and research, focused on the changing needs of business and the economy. Board members serve a three-year term.

CHAIR: BARRY MACDONALD JAMIE GRAY-DONALD PATRICK NANGLE Corporate Director and Senior VP, Sustainability & EHS, CEO, Modo Chair of the Board, CPABC QuadReal Property Group MARIA PACELLA INCOMING CHAIR: EVALEEN JAAGER ROY MINGYU GUAN Senior VP & Portfolio Manager, Principal, Jaager Roy Advisory, Inc. Partner & Vancouver office Founding Private Equity, PenderFund Capital Partner, McKinsey & Company Management Ltd. PAST CHAIR: ELIO LUONGO Chief Executive Officer and DANA HAYDEN HAROON RASHID Senior Partner, KPMG LLP President, Hayden Consulting Services Director, Paradigm Gateway Ltd. ANDERS ASPLING CATHERINE HEATH LORNE SEGAL Founding Secretary General, Globally Vice President, Portfolio Manager, President, Kingswood Properties Ltd. Responsible Leadership Initiative (GRLI) Leith Wheeler Investment Counsel LILLIAN TAN RYAN BEEDIE SANDRA HORVATH Managing Director & Senior Advisor, President, Beedie National Director & Digital Lead, Client Bank Julius Baer Development, Central JÉRÔME BON ROD TAVERNER Senior Associate Dean, Tongji SEM, STACY KUIACK Owner, Rolling Mix Concrete Emeritus Professor ESCP-Europe Director, BTY Group NESLIHAN TÖZGE AMIEE CHAN KENZIE LAU-KWONG Founder & Senior Consultant, CEO and President, Norsat International Partner, Leaders Quest Blue Ocean Change Management ROBIN DHIR JAMES LEE LIN ZHOU President, Twin Brook Developments Ltd. CEO, Carfield International Limited Dean, Choh-Ming Li Professor of & Strategic Advisory, Fasken Economics, The Chinese University of GREG MALPASS Hong Kong Business School ROBERT FOORD Founder, CEO, Enabler, President and Managing Partner, Traction on Demand Kal Tire, Inc. 26 BURNABY 8888 University Drive Burnaby, BC V5A 1S6

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