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Carlson School Enterprise Launches Students to New Heights Career services CARLSON now available at www.carlsonschool.umn.edu /alumnionline See page 15 SCHOOL FALL 2002 A MAGAZINE FOR ALUMNI AND FRIENDS Carlson School Enterprise Launches Students to New Heights GEMENT – UNIVERSITY OF MINNESOTA CARLSON SCHOOL OF MANA C ARLSON SCHOOL Carlson School A Magazine for Alumni and Friends CARLSON For information about Carlson School alumni programs, contact Alumni Services and Outreach SCHOOL toll free at 877-625-6468, 612- 625-1556 or by e-mail: [email protected]. Visit our Web site at www.CarlsonSchool.umn.edu. The Dean’s Corner 1 Carlson School is published for alumni and Carlson School Enterprise Launches Students to New Heights 2 friends of the Carlson School of Management. Direct correspondence to: Corporate and Alumni New student-run businesses in consulting, venture capitalism and fund Services Center, 1-150 Carlson School of management will provide MBA students with the experience and networking Management, 321-19th Avenue South, Minne- to launch themselves and the school to national heights. apolis, MN 55455. Cyndy Hanson Managing Editor Investing in People and Programs 10 Stanley Wai Graphic Designer Contributing Writers: Board Focus 12 Steven Hatting, Nancy Hellerud, Chris Mayr, Michael Weinbeck, Beth Weixel Growing Strong: Expanding the Undergraduate Studies Program 13 Office of the Dean Alumni Connection 14 Larry Benveniste Dean Dennis Ahlburg Snapshots 16 Associate Dean for Faculty and Research John Anderson Class Notes 18 Associate Dean of Administration Stefanie Lenway Associate Dean for MBA Programs Bob Ruekert Associate Dean of Undergraduate Programs Carlson School — Mike Houston Associate Dean of International Programs National Champs in Jennifer Gelbmann Business... and Sports! Director, Alumni Services and Outreach Steven Hatting Executive Director, Carlson School Relations When the University of Minnesota captured NCAA titles in hockey, golf and Jayne Jones Director of Marketing wrestling last year, Carlson School Chris Mayr students weren’t just on the sidelines Chief Development Officer cheering. They were on the field, too. Seven Carlson School undergraduates Advisory Board Leadership played on last year’s winning teams. On the golf front, seniors Matt Anderson James Campbell, ’64 BSB Chair, Board of Overseers and David Morgan were key players on The U’s men’s hockey team ended a the team’s championship win over Georgia Brent Blackey, ’80 BSB Chair, Alumni Advisory Board 23-year span without a national title Tech, helping bring the first-ever NCAA when it garnered the NCAA champion- golf championship title to the University. © 2002 by the Regents of the University of ship in a 4-3 overtime win over the Minnesota. All rights reserved. University of Maine. Three Carlson Meanwhile, U of M wrestling fans thrilled School students, Senior Captain All- to the battles that garnered the second American Johnny Pohl, Senior Goaltender consecutive national wrestling title. The Adam Hauser and Practice Player Chad team’s victory was aided by Carlson Roberg, guided the team to the champi- School sophomore Garrett Lowney, the Accredited by AACSB International— onship. “Talk about unbelievable,” says All-American fifth at heavyweight who The Association to Advance Collegiate Schools of Business Pohl, “How about being on the ice when competed in the 2000 Olympics where he a [23]-year drought was broken.” won a bronze medal for the United States. 28 C ARLSON SCHOOL The Dean’s Corner The Carlson School boasts outstanding A key element in the strategic plan faculty, dedicated staff and talented concerns one of our nationally-ranked students. But the fact is we won’t succeed programs, the Full-Time MBA Program. without you. This flagship program drives the reputa- tion of the entire school and offers the Alumni and corporate friends play a best opportunity to display our excel- tremendously important role in the lence. Its strength rests on four pillars: success of the school. We’ve made a commitment to give back by serving • The program itself, including faculty, alumni and the business community. But staff, students and curriculum many alumni and friends are missing out • Career services provided by our on the valuable opportunities the Carlson Graduate Business Career Center School offers for networking and career • School-wide, coordinated marketing Larry Benveniste development. efforts • The broader Carlson School commu- In the past few months, the school has nity, especially alumni and corporate accomplished several steps toward partners strengthening its national and interna- tional reputation. For example, our Alumni, friends and the business unique enterprise programs are helping community are central to the strength of us build a reputation for innovative each pillar and to the entire school. They excellence. As we move forward, I spread the word about our programs, challenge our alumni and friends to take recruit new students, provide financial an active role in helping the school grow. support and enlarge students’ career opportunities. The expertise that they Our relationship with alumni is one of share is invaluable. partnership. On one hand, the school depends on the support of alumni and This strong strategic plan, coupled with friends to help further its goals. On the your dedication and commitment to the other, we strive to make a continuing Carlson School community, will help us relationship with the school both achieve the bright future I envision. I beneficial and rewarding to our alumni. thank the entire community—alumni, friends, faculty, staff and students—for In the spirit of this partnership, we are the willingness to share our vision. I restructuring our Alumni Services and extend special thanks to the Board of Outreach department to better fulfill your Overseers for its leadership in developing needs. Working more closely with student the strategic plan. and academic programs, it will serve as a resource to alumni in their professional The exciting swirl of activity at the and personal lives. Together with services Carlson School encompasses a wide such as our Alumni Online Web-based range of initiatives, from our growing directory, the department presents an enterprise programs to plans for an incredible opportunity to bring together expanded undergraduate program (see 40,000 Carlson School alumni. article later in this issue). As we work to further all our initiatives and serve you Our newly developed strategic plan better, I urge alumni and corporate reflects the importance of alumni as well. partners to join us. With your help, the Our biggest achievement in the past few Carlson School will thrive. months, the strategic plan lays out where we are going and how to get there. 1 C ARLSON SCHOOL Carlson Scho Launches Students to New Heights 2 C ARLSON SCHOOL ol Enterprise BY NANCY HELLERUD his fall, the Carlson School’s commitment to shaping future business leaders takes a giant step forward with the creation of the Carlson School Enterprise, an entity which will coordi- Tnate the efforts of three—eventually four— businesses run by MBA students with academic and professional support from the school. Dean Larry Benveniste likens the Carlson ● Carlson Branding Enterprise: The work- School Enterprise to a holding company ing title for a future marketing enter- with four businesses under its auspices: prise in which students will work on brand management projects for clients. ● Carlson Consulting Enterprise: Student consultants develop and lead strategic The enterprises are in different lines of technology-management consulting business and have very different bottom- projects for regional, national and line measures of performance. However, international clients; they have three things in common. “They are run as real businesses with clients ● Carlson Ventures Enterprise (formerly who pay for their services, they have New Business Development Enter- strong student leadership and they have These current and former prise): Student associates manage the national scope—which we hope to students (and one advisory development of new business opportu- expand through clientele or board board member) know from nities for clients in a not-for-profit members,” says Benveniste. The enter- experience how the enterprises organization modeled after an early- prises have other things in common as will give Carlson School MBA stage venture capital fund; well, including executive advisory boards, students a competitive edge. experienced professional and academic From left: Shawn McFarlane,’02 ● Carlson Funds Enterprise: Student fund directors and course content which MBA; Jason Bennicoff, ’03 MBA; Roy Wetterstrom, ’86 BSB; Don managers run two multimillion dollar augments the professional experience. Crain, ’03 MBA; Chad Tearle, investment funds: a growth fund ’03 MBA. (formerly Golden Gopher Growth The enterprise strategy has become a key Fund) and a fixed income fund; component of the MBA program. “Our 3 C ARLSON SCHOOL purpose is to equip students with skills in Readers will likely recognize the Golden leadership, strategy, teamwork and Gopher Growth Fund name. Launched in communication—to give them experience 1998, this flagship program tied theory in being accountable for the bottom and application by educating and line,” Benveniste says. “They’ll enter their mentoring MBA students as they man- careers significantly more prepared than aged all aspects of a private equity growth These enterprise directors give their peers from other MBA programs. We fund. But how
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