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2006-Fall-Dividend.Pdf fall 2006 Get -powered In today’s hotly competitive global business environment, high-quality management education can be a critical advantage on the successful executive’s career path. At the Stephen M. Ross School of Business at the University of Michigan, we believe that business education is an ongoing, lifelong experience that not only gives executives a strong foundation to begin their careers, but also refreshes their business knowledge and re-energizes their performance at critical points in their business lives. Executive MBA Executive Education ■ Results-oriented Curriculum ■ Real-world Approach Michigan EMBAs apply what is taught to solve real-life business problems. Michigan's Exec Ed solutions are comprehensive, innovative and mirror the multidisciplinary nature of today's business challenges. ■ Professional Development EMBAs gain the next-level skills required to advance careers. ■ Rich Portfolio of Services Includes open-enrollment and custom programs, consulting, Speakers ■ On-campus and Online Monthly Format Bureau, M-Coach and more. Michigan provides a world-class MBA with once-per-month Friday/Saturday residencies. ■ Global Commitment Michigan reaches across the globe with more venues, an extensive Info Sessions » Ann Arbor, Michigan catalog of management competencies and several Centers of Excellence i September 16, 2006 | October 21, 2006 | November 15, 2006 dedicated to global issues, Michigan is uniquely equipped to meet Classes begin January or August each year. organizational and executive development needs around the world. www.emba.bus.umich.edu www.execed.bus.umich.edu CONTENTS FEATURES 26 What We Talk 36 From Spin Cycle About When to Baby Formula We Talk About International action-based projects are one way Ross Globalization School MBA students Free trade has created interlocking, sharpen their business skills. interdependent economies in which Learn what happens when countries increasingly specialize MAP teams go to Romania in what they do best. Learn more and Rwanda. about the risks and rewards of globalization for countries, fi rms and individuals. 41 Early Women MBA Students Ushered 18 Joel Tauber: in a New Era A Balanced Life Having just won the right to vote, the Ross School’s fi rst As a young man, Joel Tauber women students were eager developed a personal plan for to test the limits of women’s success. Discover how that strategy newfound freedoms in the still guides this Ross School alum. 1920s. Learn about the careers and lives of these pioneers. 21 TMI: Building Leaders in Global Operations INTELLECTUAL Established in 1993 to boost CAPITAL American manufacturing, Tauber Manufacturing Institute prepares business and engineering students 8 Achieving the to excel in all aspects of operations management and manufacturing Extraordinary: Cleaning strategy. Up a Nuclear Nightmare In his new book, Kim 32 Inside the Beltway: Cameron tells the story of Rocky Flats, Nevada, Carson Scholars a top-secret site that once housed more radioactive Explore Government, waste than any other Business Links nuclear weapons facility in the United States. Th e Washington Campus’ new BBA program fosters understanding of the federal government’s decision- making process and how those decisions infl uence business. dividend 1 fall 2006 CONTENTS DEPARTMENTS 3 Across the Board 16 Alumni at Large Dean: Robert J. Dolan Director of Marketing Communications: Ross School students Managing HR in Paul Gediman fi re up for Mad Money … Accounting Club a Multicultural Executive Editor: Mary Jo Frank turns teens on to busi- World Class Notes and Copy Editor: Fred P. Wessells ness … National Geo- Cynthia Tragge- Designer: Michigan Marketing & Design graphic Society CEO Lakra, MBA ’93, John Fahey’s window Photographers: Mary Butkus, Eileen Colton, MA ’93, senior vice Philip Dattilo, Scott Galvin, Steve Kuzma, Andy on the world … busi- president of GE Consumer Finance, Sacks, Ashesh Shah, Heather Th orne, Martin Vloet ness leaders share insights at Dean’s leads the company’s strategy on Seminars … kudos to Professors Printer: University Lithoprinters labor and communication issues Alfred Edwards and Dave Brophy Vol. 37, No. 2: ©2006 and executive talent development. and 10 honored faculty members. Stephen M. Ross School of Business at the University of Michigan. Distilling Th is publication is produced twice a year by 7 Quote Unquote the Spirit of the Offi ce of Marketing Communications Sustainability and made possible through the generosity of Ross School of private donations. Business faculty Rob Frederick, For more information, contact Dividend, members talk on the MBA ’00, MS ’00, Stephen M. Ross School of Business record about assistant vice University of Michigan breaking news and president and 701 Tappan, Ann Arbor, MI 48109-1234. business trends. director of corporate responsibility at Brown-Forman Corp., develops Th e University of Michigan Regents: programs to address social David Brandon, Laurence B. Deitch, Olivia P. concerns and environmental issues. Maynard, Rebecca McGowan, Andrea Fischer 11 Faculty Research Newman, Andrew C. Richner, S. Martin Taylor, Katherine White; Ex-Offi cio Member, Mary Stakes High 45 Alumni Activities Sue Coleman, President, University of Michigan. When Emotions Club news from Th e University of Michigan, as an equal Undermine Sales Baltimore, Brussels, opportunity/affi rmative action employer, complies with all applicable federal and state Performance Chicago, Germany, New York and San laws regarding nondiscrimination and affi rm- ative action, including Title IX of the Edu ca- Richard Bagozzi Francisco. tion Amendments of 1972 and Section 504 of examines how the Rehabilitation Act of 1973. Th e University anxiety, shame, embarrassment, of Michigan is committed to a policy of non- pride, envy and other emotions discrimination and equal opportunity for all aff ect behavior across cultures. persons regardless of race, sex*, color, religion, 48 Class Notes creed, national origin or ancestry, age, mari- PLUS: Read the latest on the link Th e latest from friends, tal status, sexual orientation, disability, or between stock returns and tax rates classmates and colleagues. Vietnam-era veteran status in employment, and how a more progressive income educational programs and activities, and tax might curb workaholism. admissions. Inquiries or complaints may 54 Obituaries be addressed to the Senior Director for Insti- tutional Equity and Title IX/Section 504 14 Campaign 56 Alumni Network Update Coordinator, Offi ce for Institutional Equity, 2072 Administrative Services Building, Ann Arbor, Michigan 48109-1432, 734-763-0235, What It Takes: TTY 734-647-1388. For other University of The Michigan Michigan information call 734-764-1817. Difference *Includes discrimination based on gender identity and gender expression. Th e Ross School is one of the success Stephen M. Ross School of Business stories of the Univer- Web site: www.bus.umich.edu sity’s $2.5 billion Michigan Diff erence fundraising campaign, thanks to the support of alumni and friends. dividend 2 fall 2006 Across the Board BOO-YAH! Electronic Business and Finance Center. THORNE HEATHER “Swallow your ego. Be completely and Ross Students Fire utterly subservient. Be prepared to know everything about the market even when Up for Mad Money no one asks you so you can distinguish Left to right, Krystal Karam, BBA ’07, Dana ans of CNBC’s Mad Money with Jim yourself. Th e stock market is the fastest Simons, BBA ’06, MAcc ’07, and Jen Reed, Cramer were treated to more than the way to become rich. Th en you can go F BBA ’07, explain basic accounting principles usual stock tips when the program was fund what you really care about.” to high school students. broadcast from the University’s Michigan League on April 25. BEYOND WORD PROBLEMS Cheering fans created a sea of maize and instead,” she explained. blue and spontaneously burst into strains Introducing Teens Ross School Director of BBA Student of “Th e Victors” as they welcomed the Aff airs Rob Koonce organized the visit 51-year-old Cramer, a former hedge fund to Business with the cooperation of the Detroit Public School District’s Compact program, operator turned stock market rock star igh school students who excel in which works to prepare middle and high who inspired otherwise mild-mannered math and science oft en are encour- H school students for employment or col- business majors to paint their faces and aged to go into engineering or medicine. lege. His goal is to expand the program. scream “Boo-yah!” at the top of their lungs. Ross School lecturer Karen Bird would “We are planning to bring 450 ninth A technical crew numbering almost 50 like to see these top students exposed to grade students to participate this year,” he arrived April 23 to set up lights, audience another career option: business. added. seating, cameras and the director’s booth To that end, the Accounting Club, Th e outreach program was funded by at the League. Dozens of members of the which Bird sponsors, and the school’s Amex, Caterpillar Co. and Shell. A survey Ross School’s Accounting and Finance BBA Program this spring hosted 50 high given to students at the end of the pro- clubs joined Cramer’s extended crew. Th e school students at a half-day program gram confi rmed that they understood the students helped market the program and focusing on accounting. simulations and found them benefi cial. worked behind the scenes during the tap- Ninth graders from Wayne Memorial Th ey will be invited to participate in a ing. Th ey, along with audience members, High School in Wayne, Michigan, and program for 10th graders next year. met Cramer and received autographed Cass Technical High School in Detroit copies of Jim Cramer’s Real Money: Sane toured the U-M campus, watched a video Investing in an Insane World and back- and comedy skit and participated in COOL JOB packs fi lled with gift s from event sponsors. hands-on exercises teaching the basics Having already made his fortune, of fi nance, operations and strategy.
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