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Builders of Dreams THE MAGAZINE OF THE HAAS SCHOOL OF BUSINESS AT THE UNIVERSITY OF CALIFORNIA, BERKELEY University of California, Berkeley Nonprofit Organization Haas School of Business U.S. Postage 545 Student Services #1900 Paid Berkeley, CA 94720-1900 University of California, Berkeley BerkeleyHaasFall 2016 6 SUPERCHARGED 10 LESSONS FROM MT. EVEREST 16 A HEALTHY SUCCESS Quantifying the economic power of reliable Mountaineering illustrates the dangers of Albert Lee, MBA 04, helped make MyFitnessPal energy in developing nations groupthink for workplace teams the world’s leading fitness app · 2 · 1997 002 · 2 992 007 1 · 7 · 20 98 12 1 · · 2 2 0 8 1 9 6 1 · · E 7 M 7 9 April 28-30 B 1 A · 2 2 0 7 1 9 5 1 REUNIONREUNION WEEKENDWEEKEND Business Leaders of the Year 2017 BUILDERS Relive the best of your Berkeley-Haas experience! Catch up with classmates, listen to engaging lectures, make new connections, and bring your OF DREAMS family back to campus. Susan Chamberlin, MBA 87, and her husband, Steve, spent years planning new Everything you loved about business school—without the exams. structures and cityscapes. Now they’re redesigning the world of public education. haas.berkeley.edu/reunion #haasreunion #haasalumni Question the Status Quo Fall 2016 EXECUTIVE EDITOR FEATURES AND DEPARTMENTS The Beyond Yourself Issue Confidence Without Attitude Ute Frey UP FRONT MANAGING EDITOR Students Always Amy Marcott DESIGN Beyond Yourself Cuttriss & Hambleton, Berkeley STAFF WRITERS Berkeley-Haas alumni enjoy 15% off Laura Counts, Kim Girard, open-enrollment programs. Pamela Tom The UAE Happiness Initiative CONTRIBUTING WRITERS Charles Cooper, Krysten 2 Haas List Crawford, James Daly, Creating happier workers in Andrew Faught, Andrew Hill, the UAE Gretchen Kell, Kate Madden Yee, Upcoming Programs 4 Haas News Mike Rosen Haas case study explores a high-growth industry: PHOTOGRAPHY legal cannabis Noah Berger, Jim Block, Keegan Houser, Karl Nielsen, 6 Power of Ideas Peg Skorpinski Quantifying the economic power of reliable energy ILLUSTRATORS 8 Power of Ideas Dulce Lopez, Stephan Schmitz, The benefits of balancing Kotryna Zukauskaite integration and nonconformity BerkeleyHaas magazine is IN THE BACK published by the Haas School of Business, University of California, Berkeley. For further information, contact: Albert Lee, MBA 04 (above), and his brother, Mike, co-founded MyFitnessPal, which by 2014 had BerkeleyHaas Magazine Editor become the market’s most popular nutrition and fitness tracking app. Under Armour subsequently Haas School of Business acquired MyFitnessPal for $475 million. This fall, Lee was awarded Berkeley-Haas’ Leading Through University of California Berkeley, Innovation Award. Page 16 CA 94720-1900 [email protected] 10 Management Lessons from the BerkeleyHaas Fall 2016, Kira Makagon, MBA 96 Number 93. Pinnacle of Human Endeavor 18 Haas Network For change of address, email For mountaineering and workplace teams, cooperation may be a dangerous Alumni from RingCentral, [email protected]. symptom of groupthink, says Prof. Jennifer Chatman, PhD 88. NetSuite, Plum Organics, Aperture Entertainment, Women in Technology New Manager Boot Camp EverString, and GoGoVan February 6–7, 2017 February 22–24, 2017 12 Builders of Dreams 22 Investing in Our Future Faculty Director: Dana Carney, Haas associate professor Faculty Director: Homa Bahrami, Haas senior lecturer Couple’s planned gift to help Business Leaders of the Year Susan Chamberlin, MBA 87, and her husband, students graduate with less Ideal for: Women who work in roles typically dominated by men Ideal for: Recently promoted scientists, engineers, Steve, spent years planning new structures and cityscapes. Now they’re rede- debt (e.g., engineers, IT professionals); who are new managers in tech high-tech professionals, supervisors, and managers signing the world of public education. companies or work in tech start-ups; and who have an interest in 24 Worldwide Events science-based best practices in the workplace The father of Open Innovation 16 A Healthy Success 26 Accolades Leading Through Innovation winner Albert Lee, MBA 04, co-founder of 26 Alumni Notes MyFitnessPal, makes it easy for millions to lead healthier lives. 35 In Memoriam Find the right opportunity for you and your team 36 Personal View executive.berkeley.edu Cover photo by Karl Nielsen Tom Stahl, MBA 93, sings the praises of the sabbatical CONTACT: +1.510.642.9167 Fall 2016 1 Haas List Watch the Brexit panel: haas.org/brexit-panel. Members Research Berkeley Pride of the UAE New Building Happiness Haas on Initiative the Case Looking 75 & Fabulous California Sharp Management 5 Happy 75th birthday to Oski, UC 2 Review has Berkeley’s beloved mascot. The published numerous new cases (cases.haas. septuagenarian is busier than ever with berkeley.edu) by Haas some 300 events a year and his own faculty, including examinations of Google Rankings Twitter handle, Facebook page, and Lair and Niantic Labs (by Best in Show of the Golden Bear camp. Oski, who Lester Center Founding 4 North Academic Building Exec. Dir. Emeritus Jerome The Berkeley Master of Construction on the new began as a Daily Californian cartoon Engel); Levi Strauss & Co. Financial Engineering North Academic Building strip in 1941, has appeared at retirement Dean’s Speaker Series and Patagonia (both (MFE) Program is #1— is almost ready to move co-written by Center for x2. The program came to the interior. Weather parties, children’s hospitals, and East Responsible Business out on top recently in two depending, the building Coast fundraisers, in addition to Exec. Dir. Robert Strand); major rankings of U.S. is slated to open in late Fallout Virgin America (by Exec. Dir. financial engineering spring. Check out the sporting events. He’s even walked a of Emerging Initiatives programs: the TFE Times, progress on the live bride down the aisle. His name derives and Future Adam Berman and which is based on mean webcam: haas.org/ from “Oski Wow Wow,” which had long How will Britain’s departure from the European Union Lecturer Frank Schultz); GRE/GMAT scores, NorthAcademicBuilding. 8affect the country’s international trade, living Sanergy (by Visiting Faculty starting salary and been part of spirit yells at UC Berkeley standards, financial sector, and political economy? Jennifer Walske and Prof. bonuses, undergrad GPA, That’s what an expert panel gathered to discuss at a Faculty and other schools. The word oski, or the Laura Tyson); Genentech acceptance rate, and special Dean’s Speaker Series. “Brexit: What Next?” (co-written by Senior employment outcomes, 100K Club acronym OSCI (other side caught it), featured Prof. Andrew Rose; moderator Maria Carkovic, Lecturer Homa Bahrami); and Quantnet, a financial Profs. David was a football term. exec. dir. of the Institute for Business Innovation; Galina and Disruption in Detroit: engineering website. In Teece and Ross Hale, research advisor at the San Francisco Federal Ford, Silicon Valley, and the Quantnet ranking, 6 Levine each Oski’s birthday was celebrated with Reserve Bank; and Barry Eichengreen and Gerard Beyond (by Lecturer Ernest Haas tied for #1, up from Executive Education achieved an important pomp and hoopla during homecoming, Roland, both UC Berkeley professors of economics and Gundling). #2 last year. milestone, according to political science. Among the insights: Rose didn’t Google Scholar: more including a public lecture, “Oski Bear expect a large collapse of living standards in the UK than 100,000 citations of and the Struggles of Being a 75th-Year though he did expect trade stagnation since about half Spreading their published research. of all British exports go to EU countries. “Most of the The achievement marks Sophomore,” estimates from academics say the Brexit disruption...is the growing influence of and a tribute going to lead to around a two percent drop in GDP,” Rose their scholarly findings said. “The long-run effect is going to be larger because Happiness among other academics. on the Brexit will create a more closed economy in the UK.” Teece’s most cited paper is football The United Arab Emirates is about to get happier. Using “Dynamic Capabilities and research into the science of happiness and positivity by UC Strategic Management,” field before Faculty published in Strategic the Cal vs. Berkeley Psychology Professor Dacher Keltner, the UAE Management Journal in Honoring a Pioneer has partnered with UC Berkeley Executive Education and 1997. Levine earned the Utah game. Adj. Prof. Nora Silver kept distinction for a series hearing MBA students say The Greater Good Science Center to create a more positive of co-authored papers 9 that they wanted to create global social workforce and, ultimately, a happier country. Sixty “Chief 3Entrepreneurs showing that financial change. So she created a class to teach intermediaries and students how to frame effective social Happiness and Positivity Officers,” who were appointed by Female Capital markets exert a powerful movement strategies. “Large-Scale the UAE Prime Minister’s Office, are being trained by a cross- Just how successful are Berkeley-Haas alumnae influence on long-run Social Change: Social Movements” economic growth. examines dozens of historical and section of Haas and UC Berkeley faculty experts in the areas entrepreneurs? According to research firm PitchBook, Adj. Prof. female startup founders who earned their undergrad contemporary social movements, such Nora Silver of business, psychology, leadership, and public policy on topics degree from Haas were #2 in securing venture capital, as civil rights and Black Lives Matter. including mindfulness, creating metrics around happiness tied with the University of Pennsylvania. In all, 104 For her work, Silver, the faculty director of the Center Haas women founders were backed by VC funding. for Social Sector Leadership, received the Aspen and positivity, and leading happy people and organizations. Stanford took the top spot with 125. Harvard came Institute Faculty Pioneer Award, which honors The training and development program, which will be taught in fourth with 100.
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