The Energy Issue
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THE MAGAZINE OF THE HAAS SCHOOL OF BUSINESS AT THE UNIVERSITY OF CALIFORNIA, BERKELEY University of California, Berkeley Nonprofit Organization Haas School of Business US Postage 545 Student Services #1900 PAID Berkeley, CA 94720-1900 Portland, OR Permit NO. 2917 BerkeleyHaasSpring 2015 14 HAAS FAST-FORWARD 6 THE OTHER “F” WORD 3 ACCLAIM FOR TECK HO Construction has begun on the new A new faculty book shows how to channel Haas faculty honor Ho with North Academic Building failure into innovation Oliver Williamson Award MASTERING Berkeley-Haas ALUMNI ENERGYThrough an economic lens, faculty at the Energy Institute at Haas probe the intricacies of energy CONFERENCE markets and generate ideas to make them work better CONFERENCE Come home to Berkeley-Haas Reconnect with friends and 4.25.2015 re-experience the classroom with the brightest thinkers and most accomplished practitioners, including Andrew Rose, Holly Schroth, Mark Rittenberg, Leif Nelson and more. See you there! haas.berkeley.edu/alumni/conference Question the Status Quo Spring 2015 Confidence Without Attitude EXECUTIVE EDITORS FEATURES AND DEPARTMENTS The Energy Issue Richard Kurovsky Students Always UP FRONT Ute Frey MANAGING EDITOR Beyond Yourself Amy Marcott DESIGN Cuttriss & Hambleton, Berkeley-Haas alumni Berkeley STAFF WRITERS enjoy 15% off open- Laura Counts, Kim Girard, enrollment programs. MBA Classes Pamela Tom 2011–2014: 2 Haas List Alum runs seven marathons CONTRIBUTING WRITERS on seven continents—in Ed Andrews, Steven Cohen, Eligible for one week. Mandy Erickson, Seung Y. Lee, 2 free Gabrielle Luu, Kate Madden days of Executive 4 Haas News Yee, Elaine McArdle, Kirsten Dean Rich Lyons on Mickelwait, Mike Rosen, Education within Berkeley-Haas’ balance Autumn Stephens 5 years of graduating. sheet strengths. Upcoming Programs 6 Power of Haas Ideas PHOTOGRAPHY Professional faculty John Jim Block, Karl Nielsen, Danner & Mark Cooper- Patrick F. Smith smith capitalize on failure. ILLUSTRATORS Daniel Hertzberg, John Tomac IN THE BACK BerkeleyHaas magazine is published by the Haas School of Business, University of Professor Severin Borenstein, who directed the Energy Institute at Haas for 20 years, is credited with making energy economics a priority at the school and growing Berkeley-Haas into a powerhouse California, Berkeley. For in the field. In addition to building relationships with industry and government and attracting top further information, contact: faculty, he also co-developed the innovative—and indispensable—Energy and Environmental BerkeleyHaas Markets course, which is now replicated at other top business schools. page 8 Magazine Editor Haas School of Business University of California 8 Mastering Energy John Stroup, MBA 95 Berkeley, CA 94720-1900 BerkeleyHaas Spring 2015, 16 When it comes to understanding the economics of energy, no research Your Haas Network Number 88. organization is more esteemed than the Energy Institute at Haas. Its faculty Alumni from Belden Inc., members are thought leaders whose command of data—and ability to trans- Kleiner Perkins Caufield & For change of address, email late their findings for a lay audience—impacts state and national policy as Byers, Xerox Commercial [email protected]. Strategy in Competitive Markets Corporate Business Model Innovation well as individual consumers worldwide. Healthcare, Alta Bates May 18–21, 2015 June 30–July 2, 2015 Summit Medical Center, Faculty: Toby Stuart Faculty: Henry Chesbrough and Gregory LaBlanc InvenSense, and entrepre- Ideal for: VPs, GMs, and functional directors Ideal for: Senior-level managers, CMOs, 14 Haas Fast-Forward neurship. 20 in sales, marketing, finance, operations, and and professionals in business strategy and Construction has begun on Berkeley-Haas’ six-story, 80,000-square-foot Worldwide Events other roles impacting strategy. development or R&D. North Academic Building. The state-of-the-art learning laboratory will be The Haas Celebration in devoted entirely to students’ education and interaction—no administrative Silicon Valley at the Menlo offices will be housed there. It is slated to be ready by Fall 2016. Circus Club 22 Alumni Notes 35 In Memoriam 36 Personal View Danae Ringelmann, MBA 08, on how diversity in the Cover: Data courtesy Marc Imhoff of NASA GSFC and Christopher Elvidge workforce is a catalyst, Find the right opportunity for you and your team, of NOAA NGDC. Image by Craig Mayhew and Robert Simmon, NASA GSFC. not a cost. contact: +1.510.642.9167 Spring 2015 1 Haas List Alumni MBA Park Faculty Marathon The Here Godfather Haas’ own Executive MBA 5 Returns Superman team won Henry Chesbrough, PhD the fourth Marketing 97, the faculty director Tim Durbin, MBA 10, became the lone annual Families Always of the Garwood Center American of 12 runners to complete Haas Tech Naming Standards for Corporate Innovation the 2015 World Marathon Challenge: 8Challenge for its proposed system For years people have referred to our who’s been dubbed to alert drivers in advance to an 1 running seven marathons on seven available parking spot. The winning 3 school as Berkeley-Haas, but it was the godfather of open never a part of the typographic treatment used innovation, has added continents in seven consecutive team included Amrit Acharya, on business cards, clothing, our website, and another book to his days. The 31-year-old management Babar Khan, and Tomer Poran, all MBA 16, and Nate Chang, MBA more. Until now. Our official name will always be oeuvre. New Frontiers consultant started on Union Glacier the Haas School of Business at the University of in Open Innovation 17. Kellogg took second place, California, Berkeley. But using Berkeley-Haas will (Oxford University Press, in Antarctica on Jan. 17, then ran in and UCLA placed third in the help us tap the power of the Berkeley brand while 2014), co-edited with Punta Arenas, Chile; Miami; Madrid; November case competition run simultaneously building the brand of the Haas Wim Vanhaverbeke Marrakech, Morocco; Dubai, UAE; and by the Haas Technology Club. School worldwide. and Joel West and co- Eight teams submitted proposals written with 22 other finished in Sydney on Jan. 23. He slept focused on connecting computing scholars, is his fifth on on business-class flights between devices to the existing Internet managing technology infrastructure. The winning Federal continents. At one point, students say their connected Reserve Chair and innovation. This Durbin completed two sensors could also be used as Janet Yellen. book examines research conducted to date on marathons with less than a springboard for other ideas. Drivers could use open innovation and seven hours of rest. Not digital currency earned through carpooling to bid on and reserve parking spots. Data collected on offers a comprehensive bad for someone who overview of the most downtown foot and vehicle traffic could be used to promising and relevant completed his first design more intelligent advertising and retail store research topics during half-marathon placement. And developers could use the overall the next decade. data platform to create new solutions to improve about a month lighting, public safety, and pollution levels. after arriving at Faculty Berkeley-Haas. Jay Srinivasan and her daughter, Puja Subramaniam, with Jasmine Garg and her father, Sandeep Garg. Paying His average time Awards Tribute for each marathon Students Always runs in the family for two Class 6 John M. Faculty of 2015 EMBA classmates. Jayanthi (Jay) Quigley, the Berkeley- was 5 hours and 16 Acclaim Srinivasan is attending Berkeley with her Haas housing expert who minutes. As part of the passed away in 2012, has Prof. Teck Ho 4Leaders experience, he raised sophomore daughter, Puja Subramaniam. 9 been memorialized with a receives prestigious honor Sandeep Garg’s daughter, Jasmine Garg, is also a Influencing medal bearing his name. money for cancer Professor Teck H. Ho has became the World The American Real Estate research. What’s next sophomore. “One of the key things I’ve learned 2Rankings the second recipient of the Professor Emeritus and Urban Economics for Durbin? Running Williamson Award, the highest Prof. Teck Ho from Jasmine is the importance of creating a life and Federal Reserve Association established honor bestowed by Haas faculty to balance between hard work and a social life,” says Chair Janet Yellen was the annual John M. Quigley 24,901 miles—the a fellow faculty member who exemplifies the Defining Big Impact named sixth on Forbes’ Medal to honor a scholar length of the equator— Sandeep, a cardiologist in Oregon. Principles that differentiate Berkeley-Haas as an The Haas School’s California Management 2014 “World’s Most whose work advances the by 2022. institution. The award is named for Nobel Laureate The experience is giving them a deeper Review (CMR) once again ranked higher in Powerful People” list fields of real estate, urban and Haas Prof. Emeritus Oliver Williamson. appreciation for one another. “It’s inspiring to see impact than competitor business journals of 72 leaders—second economics, public finance, Ho holds the William Halford Jr. Family Chair in including the Harvard Business Review and out of nine women after and regional science. how much my mom does,” says Puja, a public marketing. He teaches behavioral economics and MIT Sloan Management Review in a recent German Chancellor Quigley had been a faculty health and statistics major. marketing, examining consumer and firm behavior in analysis by Thomson Reuters. The impact Angela Merkel. Yellen member of Berkeley- economic situations. His course on pricing is the most “Every time I come to Berkeley, I feel like I take factor is determined by the number of cita- is the first woman to Haas’ Fisher Center for Tim Durbin popular MBA elective at Haas. five years off of my life,” says Jay, a Cupertino- tions from the journal’s articles that appear lead the world’s most Real Estate and Urban running in Ho is also the director of Berkeley-Haas’ Asia in academic publications.