PATRICK S. MORETON

Washington University in St. Louis Olin School of Business Campus Box 1156 One Brookings Drive St. Louis, MO USA 63130 e-mail: [email protected] Phone: +1 314 935 6322 Fax: +1 314 935 4074 mobile: +1 314 882 0932 (USA)

Current Position: WASHINGTON UNIVERSITY IN ST. LOUIS Olin School of Business Professor of Practice in Strategy and Management Academic Director Full-Time MBA program Global Immersion

Education: UNIVERSITY OF CALIFORNIA, BERKELEY WALTER A. HAAS SCHOOL OF BUSINESS Ph.D. in Business and Public Policy/Strategy, 2002

HARVARD UNIVERSITY GRADUATE SCHOOL OF BUSINESS ADMINISTRATION MBA with high distinction (Baker Scholar), 1991

UNIVERSITY OF CALIFORNIA, SAN DIEGO BA with distinction. Double major in Biochemistry and Economics, 1983

Publications: • “What’s in the Air: Interlicense Synergies in the FCC’s Broadband PCS Spectrum Auctions.” (with Pablo T. Spiller), Journal of Law and Economics (October, 1998) • “Financial Intermediaries’ Incentives and Corporate Strategy Choices in the US” (with Todd Zenger), in Corporate Governance and Firm Organization, Oxford University Press (2004) • “Corporate Strategy, Analyst Coverage, and the Uniqueness Paradox,” (With Lubomir Litov and Todd Zenger), Management Science (October, 2012)

Academic Conference Presentations:

• Economics and Business Research Conference Venice, Italy (June 2003) ”Clarifying the Concept of Economic Value • Bocconi Conference on Corporate Governance Milan, Italy (November 2002) ”Financial Intermediaries’ Incentives and Corporate Strategy Choices in the US” • Academy of Management Meetings Denver, CO (August 2002.) • “Competitive Price Discrimination in the US Cellular Telephone Industry.” • Academy of Management Meetings Denver, CO (August 2002.) “Corporate Strategy and Financial Analysts: A preliminary Analysis” Working Paper with Todd Zenger. • Strategic Management Society Meetings Paris (September 2002) “Corporate Strategy and Financial Analysts: A preliminary Analysis” Working Paper with Todd Zenger • Institutional Analysis Workshop University of California at Berkeley (November 1998) “Pioneering Advantage in New Technologies: The United States Cellular Telephone Service Industry” • CCOR Conference, Evolutionary Theories of the Firm University of Michigan (May 1997) “Dynamic Capabilities and Organizational Ecology” (with David J. Teece) • National Bureau of Economic Research, Industrial Organization Group, Winter Meeting Stanford University (February 1997) “Multi-license Bidding Strategies in the FCC Broadband PCS Spectrum Auction.” (with Pablo T. Spiller) • The Law and Economics of Property Rights to Radio Spectrum Marconi Convention Center, Bolinas, CA (July 1995) “What’s in the Air: Interlicense Synergies and their Impact on the FCC’s Broadband PCS Spectrum License Auctions.” (with Pablo T. Spiller).

Published Case Studies:

• Dan Elfenbein, Ben Dalton and Patrick Moreton, Strange Donuts in Shanghai? Olin Business School Case (St. Louis: Olin Business School 2019) • Patrick Moreton and John B. Goodman, The Sale of Semi-Gas Systems (A), HBS Case No. 9-792-040 (Boston: Harvard Business School Publishing Division, 1992). • Patrick Moreton and John B. Goodman, The Sale of Semi-Gas Systems (B), HBS Case No. 9-792-041 (Boston: Harvard Business School Publishing Division, 1992). • Patrick Moreton and John B. Goodman, Foreign Direct Investment in the United States, HBS Case No. 9-792-042 (Boston: Harvard Business School Publishing Division, 1992). • Patrick Moreton and John B. Goodman, National Semiconductor and SEMATECH, HBS Case No. 9-792-062 (Boston: Harvard Business School Publishing Division, 1992). • Patrick Moreton and John B. Goodman, General Motors and the Problem of Fuel Economy, HBS Case No. 9-792-063 (Boston: Harvard Business School Publishing Division, 1992). • Patrick Moreton and John B. Goodman, Political Action Committees and the Financing of Congressional Campaigns, HBS Case No. 9-792-080 (Boston: Harvard Business School Publishing Division, 1992). • Patrick Moreton and Dwight Crane, MNC Financial: The Credit Card Business, HBS Case No. 9-292-089 (Boston: Harvard Business School Publishing Division, 1992). • Patrick Moreton and Dwight Crane, Alex Brown, Inc., HBS Case No. 9-292-105 (Boston: Harvard Business School Publishing Division, 1992). Patrick Moreton and Dwight Crane, Salomon and the Treasury Securities Auction, HBS Case No. 9-292-114 (Boston: Harvard Business School Publishing Division, 1992). • Patrick Moreton and Dwight Crane, Salomon and the Treasury Securities Auction, Teaching Note, HBS Case No. 5-293-014 (Boston: Harvard Business School Publishing Division, 1993). • Patrick Moreton and Dwight Crane, Salomon and the Treasury Securities Auction: 1992 Update, HBS Case No. 9-293-057 (Boston: Harvard Business School Publishing Division, 1993). • Patrick Moreton and John B. Goodman, Medtronic, Inc., HBS Case No. N9-793-058 (Boston: Harvard Business School Publishing Division, 1993) • Patrick Moreton and John B. Goodman, Battle for the Skies: British Airways's Bid for USAir, HBS Case No. N9-793-059 (Boston: Harvard Business School Publishing Division, 1993). • Patrick Moreton and John B. Goodman, Eisai Co., Ltd. (A), HBS Case No. N9-793-089 (Boston: Harvard Business School Publishing Division, 1993). • Patrick Moreton and John B. Goodman, Eisai Co., Ltd. (B), HBS Case No. N9-793-089 (Boston: Harvard Business School Publishing Division, 1993). • John B. Goodman and Patrick Moreton, AXA: The Global Insurance Company, HBS Case No. N9-793-094 (Boston: Harvard Business School Publishing Division, 1993). • Patrick Moreton and Dwight Crane, Wesfarmers: The Dividend Policy, HBS Case No. N9-293-098 (Boston: Harvard Business School Publishing Division, forthcoming).

Awards and Honors

2010 Reid Teaching Award, Olin School of Business (EMBA) 2005 Reid Teaching Award, Olin School of Business (PMBA) 2004 Reid Teaching Award, Olin School of Business (PMBA) 2003 Reid Teaching Award, Olin School of Business (MBA, PMBA) 2002 Reid Teaching Award, Olin School of Business (MBA, PMBA) 1997 Henry K. Hyashe Award, Outstanding Ph.D. Student Haas School of Business, University of California at Berkeley 1992 Charles M. Williams Research Fellowship, Harvard Graduate School of Business Administration, Harvard University. 1991 Baker Scholar (High Distinction), Harvard Graduate School of Business Administration, Harvard University. 1991 First and Second Year Honors, Harvard Graduate School of Business Administration, Harvard University. 1983 Departmental Honors in Economics (Distinction), University of California at San Diego.

Grants and Fellowships:

1998-1999 Center for Research in Telecommunications Policy Research Grant, University of California at Berkeley 1997-1998 Olin Foundation Research Assistant, School of Law, University of California at Berkeley 1997-1999 Sasakawa Grant, Haas School of Business, University of California at Berkeley. Summer 1997 Sloan Foundation, Haas School of Business, University of California at Berkeley. 1997 National Science Foundation Grant, Haas School of Business, University of California at Berkeley. 1995-1996 Ameritech Foundation Grant, Haas School of Business, University of California at Berkeley. 1993-1994 John H. Forbes Memorial Fellowship, Haas School of Business, University of California at Berkeley.

Teaching Experience:

2019-present Olin Business School, Washington University in St. Louis

Opportunities and Challenges of the Global Economy 10-day field-study in Beijing and Shanghai, China for Olin EMBA students. Gives students a first-hand experience with international, private-domestic, and State-owned-domestic companies operating in China. Course requires students to practice learning about key cultural and institutional elements in new and unfamiliar contexts and adapting operating, management, and marketing strategies to these contextual details.

China National Health Commission Training Program on Precision Health Care and Translational Medicine A custom program for senior (Vice-presidents and Presidents) hospital administrators working for leading Chinese medical centers. The program combined daily on-site meetings with health care professionals at Washington University’s medical center to observe state-of-the-art cancer treatment and patient care. Each hospital visit was also paired with half-day workshops with Olin Business School faculty to help the participants understand the management, leadership and teamwork skills needed to provide these services.

2018-present Washington University-Fudan University EMBA Program

Sustaining Value through Corporate Strategy A four-day required course focusing on multi-business and global strategy setting and leadership. Participants examined three key responsibilities for corporate strategists—finding growth, developing talent to sustain that growth, and managing performance. As a final project, students examine and critique these activities in their own organizations.

Innovation Projects Course serves as a capstone to the EMBA program and requires students to develop a new business from ideation to formal business plan. The course runs over the last 1/3 of the EMBA program, with teams meeting monthly with the instructor for coaching sessions on various aspects of their business plan. It culminates with a formal presentation of the business idea to a panel of faculty and entrepreneurs in the final residency of the program.

2018-present IIT Bombay-Washington University EMBA

Global Planning and Strategy Capstone simulation exercise at the end of the EMBA program. Revisits the strategic analysis components of the core strategy course using the tools taught throughout the program. Includes a strong emphasis on building a high-performance management team by designing an organization to cope with the fast pace and complex nature of the simulation exercise.

2015-2017 Duke Kunshan University

Boehringer-Ingleheim China Organizational Development Program A custom program to implement a corporate initiative to increase Accountability, Agility and Intrapreneurial behaviors. The program includes a mix of workshops and regular coaching sessions with members of Action Reflection Learning Projects.

2012-2017 Fuqua School of Business, Duke University

Business Communications I One of the fifteen required courses in the Master of Management Studies program. The course focuses on preparing, delivering and critiquing oral presentation, with individual and group presentations.

Business Communications II One of the fifteen required courses in the Master of Management Studies program. The course is designed as a combination capstone and professional development course. Students work in teams on consulting projects for international and domestic Chinese companies, with regular deliverables that require them to work on and receive feedback about their formal and informal communication skills.

Culture, Civilization, and Leadership A required “spine” course taught in all five locations (Durham, Shanghai, Dubai, Delhi and St. Petersburg) for Fuqua’s Cross Continent MBA program. Course introduces students to history, culture, and political economy of each region/country and includes a half-day experiential investigation at each location.

Fuqua Client Consulting Practicum Sourced student consulting projects in Shanghai and served as on-the-ground supervisor for two teams of students during their two weeks on the ground in Shanghai.

China GATE (Global Academic Travel Experience) An elective course for first year MBA students interested in exposure to China’s commercial and political institutions. Combined four weeks of in-classroom preparation work with two weeks of on-the-ground experience in Beijing, Chengdu, Chongqing, and Shanghai

Global Leadership Workshop: Leading Across Divides A three-day leadership workshop in Dubai, with modules on leading across cultures, gender, age, and distance. Participants were from 11 different countries from the Middle East, Europe, South Asia and East Asia.

2012-2017 Duke Corporate Education

LIXIL High Potential Program A one-day module on strategic execution taught as part of a three day program by Duke Corporate Education for a Japanese building materials company. Participants were from five different countries in East and Southeast Asia.

SASAC Global Leaders Program A one-day cross cultural management module taught as part of a two day program by Duke Corporate Education designed for the State Asset Supervision and Administration Committee (SASAC), the national level administrative body with responsibility for the largest State- owned companies in China.

2004-2012 Washington University-Fudan University EMBA Program Fudan University, Shanghai China

Strategic Management A core course taught to all EMBA students in the joint venture program at the onset of the program. Combines both traditional strategic analysis and strategic management training, with an emphasis on teamwork and leadership.

Global Planning and Strategy Capstone simulation exercise at the end of the EMBA program. Revisits the strategic analysis components of the core strategy course using the tools taught throughout the program. Includes a strong emphasis on building a high performance management team by designing an organization to cope with the fast pace and complex nature of the simulation exercise.

Strategic Management Core strategy course taught in English to Chinese MBA students at Fudan University as part of their IMBA program (a joint venture with MIT). The course is case based and analytical and is designed to train local Chinese to analyze problems and interact in a western style.

Sept. 2011 China Mobile Communications Management School Beijing China

China Mobile Growth Strategies Program Program director with design and delivery responsibilities for a two-day workshop delivered to the chief operating officers of 54 operating companies within the China Mobile Communications group. Program was delivered in English with simultaneous translation into Chinese and bilingual teaching materials.

2008-2009 Rochester-Berne Executive MBA Program Shanghai China

Management in Emerging Markets: Entry and Management Instructor and Academic Director with overall responsibility for the design and delivery of a one week residency in Shanghai for Executive MBA students from a Joint Venture Executive MBA program between Rochester University and Berne University. Students were required to complete projects investigating the strategic and tactical adjustments they will need to bring a business or part of an existing business to China.

2007-present School of Management Fudan University Shanghai China

Guest Lecturer on Strategy in China and Cross-cultural Management for various programs delivered by the School of Management or in partnership with other international universities

2005-2006 ESADE Business School Shanghai China

An Introduction to Doing Business in China Academic Director with overall responsibility for the design and delivery of a one week residency in Shanghai for Executive MBA students from ESADE’s Barcelona and Madrid Programs.

2005 Kellogg-Recanati Executive MBA Program Shanghai China

An Introduction to Doing Business in China Academic Director with overall responsibility for the design and delivery of a four-day residency in Shanghai for Executive MBA students from the Kellogg-Recanati Executive MBA program in Tel Aviv Israel.

1999-2004 John M. Olin School of Business Washington University in St. Louis

Industry Analysis and Strategy Development A second year MBA elective applying the economics of industrial organization to business problems.

Introduction to Management and Strategy A seven-week course taught to all first semester of the MBA program. Introduces students to the basics of industry analysis and firm-level competitive advantage. Course consists of biweekly case discussion and brief supporting lectures.

Competitive Strategy An upper division undergraduate elective that teaches students to apply elementary economic principles from industrial organization to contemporary business problems. The course uses a combination of case studies and lectures to develop the students’ critical thinking and culminates with a team-based management simulation that provides students with an opportunity to apply their economic analysis skills.

Fall 1998 Graduate Student Instructor Haas School of Business University of California at Berkeley Taught two sections of Economic Analysis and Business Decisions, the core microeconomics and strategic analysis course in the MBA program at the Haas School of Business.

1996-1997 Head Graduate Student Instructor Haas School of Business University of California at Berkeley Supervised teaching quality for approximately 60 Graduate Student Instructors.

Fall 1995 Graduate Student Instructor Haas School of Business University of California at Berkeley Taught two sections of International Business to 70 undergraduate students Overall teaching assessment scored at 6.4 out of 7.0 (school mean=5.0) Nominated for Outstanding Graduate Student Instructor Award.

Professional Experience:

2018-present Academic Director of the Global Immersion Semester of the Full-time MBA program, Olin Business School, Washington University in St. Louis

2017-2018 Senior Associate Dean for Graduate Programs, Olin Business School, Washington University in St. Louis

2012-2017 Associate Dean for Graduate Programs and Conference Center Programming, Duke Kunshan University, Kunshan Jiangsu Province CHINA

2004-2012 Managing Director, Washington University-Fudan University EMBA Program, Shanghai China

1994-1995 Graduate Student Researcher, Haas School of Business, University of California at Berkeley, Berkeley, CA

1994 Summer Intern, Pacific Bell External Affairs, San Ramon, CA.

1992-1993 Charles M. Williams Research Fellow, Harvard Graduate School of Business Administration, Harvard University, Boston, MA.

1991-1992 Research Associate, Harvard Graduate School of Business Administration, Harvard University, Boston, MA.

1987-1991 Founder and Managing Partner, Moreton & Moreton Associates, Cambridge, MA, a consulting firm providing project management, research, and analysis services.

1983-1987 Management Consultant, Edgar, Dunn & Conover Inc., San Francisco, CA.

Professional Activities: l Chairman Emeritus of the Education & Training Committee of the American Chamber of Commerce in Shanghai l Speaker for Top International Think Tank Symposium for the Jiangsu Provincial Government “Development, Human Capital and the Modern University,” November 2013, Nanjing China l Moderator AmCham Shanghai Leadership Forum, September 2013, Shanghai China l Speaker and co-organizer for 2012 EMBA Council Regional Meeting, Singapore l Speaker and co-organizer for 2011 EMBA Council Annual Meeting concurrent session, “Globalizing and Localizing Curricula in the Asian Context” with Nan Ze CHUA, National University of Singapore and Sanjay Singh, Indian School of Business, October 2011, Key Biscayne, FL l Speaker for 2011 AmCham Shanghai HR Fair and Workshop, “Building a High Integrity Organization in China” June 2008, Shanghai China l Organizing committee member the Education and Training Committee of the American Chamber of Commerce in Shanghai l Moderator for the China Economic Review Summit, “Human Resource Management 2009: Adapting to a fast-changing environment,” February 18, 2009, Shanghai China l Speaker and Moderator for 2008 AmCham Shanghai Education and Training Summit, “A Strategic Perspective on Career Development in China” June 2008, Shanghai China l Keynote Speaker China Economic Review Leading Through Change Forum, March 2008, Shanghai China l Speaker for 2007 AmCham Shanghai Education and Training Summit, “Using MBA and EMBA Programs to Develop and Retain High Potential Local Talent,” November 28, 2007, Shanghai China l Speaker for the US Education Recruiting Seminar sponsored by US Consulate General in Shanghai “An American Professor’s Perspective on US Education: Expectations and Admissions,” March 2007 l Speaker for AmCham Shanghai Education and Training Committee “Training Tomorrow’s Global Leaders: An Assessment-rich Process,” April 2006, Shanghai China l Speaker for 2005 EMBA Council Annual Meeting, “Exporting v. Localizing EMBA Programs in Going Abroad” with Prof. Larry Griener, Marshall School of Business, USC, October 2005, Barcelona Spain l Co-organizer and Presenter US Consulate General in Shanghai HR Symposium, October 2005, Shanghai China

January 2020