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DISCOV ER. CHALLENGE. TRANSFORM. LEAD. CONTRIBUTE. REPEAT. RICHARD IVEY SCHOOL OF BUSINESS — 2011 ANNUAL REPORT Growing in emerging Discover the markets p.10 World Discovering new partnerships Workplace wellness p.8 Teaching that programs p.44 transforms the classroom p.16 Contribute to Challenge the Stepping up for Tomorrowthe next generation Status Quo Ivey’s Investors p.45 The business of p.46 health p.14 Program stats p.24 Leadership is Lead by Transform learning p.20 Example Thinking Extraordinary Executive MBA turns 20 people p.34 p.22 RICHARD IVEY SCHOOL OF BUSINESS — 2011 ANNUAL REPORT WHAT WE DO TODAY WILL DETERMINE WHERE WE ARE T O M OR RO W. Every day at Ivey, we challenge the status quo. Why? Because, by its very definition, the status quo is for followers. We develop leaders. Leaders who transform thinking. Leaders who set a worthy example. Leaders who make the world better. This is what we do and who we are. This is the Ivey Experience. RICHARD IVEY SCHOOL OF BUSINESS — 2011 ANNUAL REPORT 2011 ANNUAL REPORT — 1 Today, as I reflect on 2011, I can see through new academic program that would provide a A Message my office window the Canadian flag waving classical education coupled with preparation atop Western’s University College tower – a for a business career. His answer was an from the proud symbol of the promise and power of adaptation of the Harvard “case system” for an education. From the vantage point of the undergraduate curriculum. In the words of Dr. new Ivey building, it is clear to me that Ivey’s Fox: “Leisurely study ripened into a conviction Dean exciting future has been built on a strong and that this would enable Western to offer a type proud past. We’ll celebrate both this proud of academic training for business which would Carol Stephenson, O.C. past and a bright future as we mark our 90th in name and principle be unique in Canada.” Dean, Richard Ivey School of Business anniversary in September 2012. The rest, as they say, is history. Ivey’s tradition Lawrence G. Tapp Chair in Leadership The new building is just one of many elements of innovation is a virtuous circle of sustainable responsible for the increasing momentum that leadership. This is true for individuals who “What you are is what has been carrying us forward since the launch enter our degree programs, organizations you have been. What of our Cross-Enterprise strategy in 2005 – who partner with us, and true when applied itself part of a virtuous circle of leadership to our own growth and evolution as Canada’s you will be is what you and a tradition of innovation that had its premier business school. Together, we seek do now.” beginnings in 1919 with the musing of one and discover new opportunities, challenge old man. Western’s Dean of the Faculty of Arts norms and perspectives and transform the — Siddhartha Gautama and Science, Dr. Sherwood Fox, envisioned a way people think and organizations operate. 2 — 2011 ANNUAL REPORT Highlighting a year in gifts Ivey Campaign for Leadership Throughout 2011, more than 25 donors made gifts of $100,000 or more. It is with our sincere thanks that we highlight a few of these gifts and recognize all of our generous donors in the listings starting on page 48. Serge Gouin, HBA ’65, MBA ’66, & Denyse Chicoyne donated $175,000 to establish the Serge Gouin and Denyse Chicoyne MBA Leadership Award. Richard M. (Dick) Ivey, HBA ’47, increased his support of the new building with an additional $2 million commitment, bringing his total personal investment in the building to $7 million. Joanne & Peter Kenny, MBA ’57, donated $125,000 to create a $250,000 endowment as part of the Ivey Family Challenge Fund, which matches endowed donations supporting Ivey’s highest priorities. The Albert and Temmy Latner Family Foundation made a substantial gift to support the construction of the dining pavilion in the new building, which will be named The Brock Pavilion in honour of In doing so we enable ourselves, our students its 39 Country Initiative, to provide much- alumnus Bill Brock, MBA ’63, LLD ’05. and our corporate partners to achieve their needed management education materials The Late R. John (Jack) Lawrence, HBA true potential and contribute to the societies free of charge to 39 of the poorest developing ’56, bequeathed $2.8 million in support of in which we operate around the world. countries. We also celebrated the 20th the Lawrence National Centre for Policy This is how we lead. And we repeat it every anniversary of our market-leading Executive and Management, building on his initial investment and leadership a decade ago. day in the classroom, in the boardroom and MBA program, whose sister program in Hong Kong was the first program with its own in our communities. Jon Love, HBA ’76, & Nancy Yeomans- campus in China. In challenging the status quo, Ivey has broken Love, HBA ’76, increased their support of the new building by adding $1 million to new ground many times throughout the Each step we take becomes part of who we are as a school and what we will become their existing $2 million pledge for a total years, and 2011 was no different. In the fall, commitment of $3 million. we graduated our first MSc class – the first tomorrow. program in Canada to be partnered with Once again, this annual report is a testament Joe Shlesinger, MBA ’86, on behalf of the the highly respected CEMS – a global alliance to the spirit and pride, the dedication and Shlesinger Family, donated $275,000 to in management education. Ivey’s MBA class hard work and the unwavering commitment support his class’s 25th reunion campaign and establish the Joe Shlesinger MBA held its inaugural Sustainability Week and to excellence of faculty, staff, students and Leadership Award. Conference with the Honourable Adrienne alumni. Thank you for your contributions to Clarkson headlining the speaker list. our success in 2011, and for your belief in our Ivey Publishing, the second-largest future. You keep us inspired and aspiring to distributor of cases in the world, launched be better each day. 2011 ANNUAL REPORT — 3 Last year, I had the pleasure of celebrating symbol of the School’s extraordinary progress A Message many important milestones reached by and reputation as a world leader than the new members of Western’s campus community. home it will occupy. from the And occasionally I enjoyed the privilege of Global Ivey Day was another memorable marking made-at-Western achievements occasion for me that reflects the international President that represent history in the making for reach and strength of the Ivey brand. With all humanity. 39 events held in 23 cities across Canada, the Among the most memorable milestones U.S., U.K., Asia, Germany and South Africa, Amit Chakma was the official opening of the first phase of some 1,700 alumni, faculty, students, staff and President & Vice-Chancellor, Western University the new Ivey building. It has been exciting friends participated in the programming and to watch this $110-million LEED-certified celebrations. That more and more alumni “Individually and collectively, facility take shape on the property across are choosing to engage with and support our component parts make Western Road from our Engineering and their alma mater bodes exceedingly well for Law buildings, and when it is completed the our future. up a single institution with new business school will stand among the Though not an Ivey story, I also recall a common goal to educate signature buildings that characterize Canada’s December 20 as one of last year’s most global leaders and make a most beautiful campus. As Ivey prepares to memorable days. Dozens of campus celebrate its 90th anniversary this September, difference in the world.” colleagues, government officials, industry I can think of no more impressive and tangible partners and national media gathered at the 4 — 2011 ANNUAL REPORT Highlights 2011 Western University • With the $220 million Western researchers won in grant competitions in 2010–11, the University has now attracted more than $1.14 billion in research funding to the London and regional economy during the past five years. • In November, world renowned neuroscientist Dr. Adrian Owen – Canada Excellence Research Chair at Western’s Brain & Mind Institute – and post-doctoral fellow Damian Cruse attracted international headlines after unveiling a cost-effective bedside solution for identifying patients wrongly diagnosed as being in a vegetative state. • In the fall, Western began construction on the world’s first hexagonal wind tunnel. Designed by engineering professor Horia Hangan, the $23.6-million “WindEEE Dome” will simulate F3 tornadoes and other destructive wind forces, allowing researchers to study the effects of wind on the built and natural environment. • In September, the Germany-based Fraunhofer ICT – Europe’s largest application-oriented research organization – finalized a partnership with Western that will see construction of a $10-million R&D facility at London’s new Advanced Manufacturing Park, where lightweight composite materials will be developed for the automotive, aerospace and medical device industries. Convergence Centre located at Western’s that Western’s profile on the global stage Quick Fact Research Park for an announcement that is rising. Ivey’s HBA program offers 13 dual degrees through Western: the U.S. Food and Drug Administration had These were just a few of the many success granted approval to begin human clinical trials stories that inspired me during the past year of a preventative HIV vaccine developed by Dr. and which make me so proud to be part of Arts & Humanities Media, Information Yong Kang and his research team at Western’s & Technoculture the Western community.