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EMBA/EE-Dividend.F 11/6/07 9:23 AM Page 1 ACTION-BASED LEARNING FOR HIGH-POTENTIAL EXECUTIVES -power your leaders As you seek to transition key contributors from functional to general management roles, develop business acumen in your high-potential leaders and keep your organization on the leading edge of today's business trends, look to the Ross School of Business. Our top-ranked executive programs offer a unique approach to leadership development that can accelerate the growth of your best people and add value to your organization. Executive MBA Executive Education ✓ Results-Oriented Curriculum ✓ Real-World Approach ✓ Learn with Outstanding Peers ✓ Rich Portfolio of Services ✓ On-Campus Monthly Format ✓ Global Commitment www.emba.bus.umich.edu www.execed.bus.umich.edu E-MAIL: [email protected] E-MAIL: [email protected] LEADING IN THOUGHT AND ACTION CONTENTS FEATURES 4 20 Questions with… 55 First Person A Ross student, faculty member, Ellen Ernst Kossek, MBA ’81, and alumnus answer 20 questions the co-author of CEO of Me, that offer insight into life beyond reflects on her 26-year the classroom, the research lab, and partnership in a dual-MBA the boardroom. household. Kossek is pictured here with Ross Professor Jim Walsh at an Ann Arbor book signing. 24 Kick out the Jams Doug McCracken, MBA ’04, makes work his play as Activision Inc.’s global brand manager for the record-breaking video game franchise Guitar Hero. (Cover photo by Leslie Barton.) 42 Men and the Work-Life Balance INTELLECTUAL Professor Lynn Perry Wooten CAPITAL presents a new study on the chal- lenges facing the male workforce. 12 Judgment Day Professor Noel Tichy talks about his new book, Judgment, and details how winning leaders make great calls. He also presents a model to identify that critical 44 Ross Students moment before a judgment in Action call, when swift and MBA students take on biodiesel, decisive con sumer goods, and the com- action is puter industry with amazing essential, results. and how to execute the call. dividend 1 spring 2008 CONTENTS DEPARTMENTS 6 Across the Board 23 Quote Unquote Dean: Robert J. Dolan Director of Marketing Communications: Professor C.K. Pra- Ross School faculty members talk Paul Gediman halad named world’s on the record about breaking news Editorial Manager: Deborah Holdship top business guru… and business trends. Professor Richard Class Notes and Copy Editor: Fred P. Wessells Bagozzi honored for 30 Alumni at Large Editorial Consultant: Claudia Capos scientific contribu- Designer: Michigan Marketing & Design tions…Pro fessor Jan The Mentor Svejnar runs for Czech Photographers: Leslie Barton, David Bernard, Sanford Robertson, Philip Dattilo, Steve Kuzma, Cary Liao, Dmitriy presidency…Ross ranks No. 2 world- BBA ’53, MBA ’54, Shapiro, Anne Stanton, Mathew Sumner, and wide in sustainability…Landmine has been building Bruno Tucci. survivor presents McInally Lecture… companies and Printer: University Lithoprinters Maya Angelou reveals poetic side “keeping company” of business…Late chairman of House in Sili con Valley for Vol. 39, No. 1: ©2008 Foreign Affairs Committee warned Stephen M. Ross School of Business more than 40 years. at the University of Michigan. against isolation…Tiki Barber teams This publication is produced twice a year by in housing venture with Stephen M. The Adventurer the Office of Marketing Communications Ross, BBA ’62…Expert says global Aerospace executive Don McMon- and made possible through the generosity climate change should drive U.S. agle, EMBA ’03, finds his years of private donations. agenda with China…Women’s con- with NASA offer distinct advantages ISSN 0046-0400 ference pushes power of possibility… in industry. For more information, contact Dividend, First-ever Management of Innova- Stephen M. Ross School of Business tions in Global Operations Confer- The Athlete University of Michigan ence breaks ground…Student VCs 701 Tappan, Ann Arbor, MI 48109-1234. Former Wolverines captain Ron John- invest in a U-M spin-out firm. son, BBA ’69, recounts his life-changing experience on and off the field. The University of Michigan Regents: 18 Faculty Research Julia Donovan Darlow, Laurence B. Deitch, Olivia P. Maynard, Rebecca McGowan, The Entrepreneur Repeat After Me Andrea Fischer Newman, Andrew C. Richner, Stephen Garcia warns that a single, Jeff Depew, MBA ’81, roars into the S. Martin Taylor, Katherine E. White; repetitive voice may be mistaken lithium-ion business with Lion Cells. Ex-Officio Member, Mary Sue Coleman, for group consensus. President, University of Michigan. The Trailblazer The University of Michigan, as an equal oppor- 20 Doctoral Studies Roger Frock, MBA ’59, recounts tunity/affirmative action employer, complies the early years at Federal Express with all applicable federal and state laws regard- PhD Program Scores in a book excerpt, Changing How ing nondiscrimination and affirmative action, including Title IX of the Education Amend- High Marks the World Does Business. ments of 1972 and Section 504 of the Rehabili- Research output enhances program’s tation Act of 1973. The University of Michigan reputation. 48 Alumni Activities is committed to a policy of nondiscrimination and equal opportunity for all persons regardless MBA chef goes of race, sex, color, religion, creed, national Engage or Estrange? gourmet for D.C. origin or ancestry, age, marital status, sexual Aleksandra Kacperczyk shows work grads; Tokyo alumni orientation, gender identity, gender expression, and pleasure don’t mix for Americans. pass the torch; disability, or Vietnam-era veteran status in Milwaukee and employment, educational programs and activi- Miami clubs come ties, and admissions. Inquiries or complaints Good to Be Bad? may be addressed to the Senior Director for together. Deniz Anginer reports stocks of Institutional Equity and Title IX/Section 504 despised companies outperform Coordinator, Office of Institutional Equity, 2072 Administrative Services Building, Ann Arbor, those of admired ones. 50 Class Notes Michigan 48109-1432, 734-763-0235, TTY The latest news from friends, 734-647-1388. For other University of Michigan 22 What Are You classmates, and colleagues information call 734-764-1817. Thinking About? Stephen M. Ross School of Business Robert Van Order delves into the 54 Obituaries Web site: www.bus.umich.edu sub prime crisis, while Francisco Palomino analyzes monetary 56 Alumni Network Update policy and stock returns. dividend 2 spring 2008 It’s about alL OF YOU. 2008 Recent Grad Reunion • September 26–28 2008 Reunion • October 3–5 Save the Date Look for more details and registration information this summer. Go to www.bus.umich.edu/reunion2008 for a schedule of events, hotel information, and anniversary class news. 20 QUESTIONS WITH... the school. Meanwhile, she was president of the Law School’s Student Senate, where race Lee, MBA/JD ’08, focused on she worked to establish the Law School Gmarketing and corporate strategy Mental Health Initiative. Throughout her during her time at the Ross School. A time at Michigan, Lee championed stu- graduate of Johns Hopkins, Lee pursued dent causes and raised funds for student graduate studies in business and law to organizations and campus programming. reach her ultimate target: She plans to Reflecting on her time at Ross, Lee says found and manage a nonprofit organiza- she was able to focus on such meaningful tion that will offer social and legal services projects, in part, as a result of two scholar- to immigrant victims of domestic ships: the David W. Belin Phi Beta Kappa violence. Merit Scholarship and the Gladys D. and Lee came to Ross as a Consortium Fel- Walter R. Stark Graduate Scholarship. low, and she acted as a student liaison to “I know I could never have accomplished the Consortium (which promotes diversi- half of these achievements or pursued ty) while she was here. In addition, she my ultimate goal without their kindness,” Grace Lee served on Dean Robert Dolan’s Diversity she says of the scholarship donors. Steering Committee and on the Student Lee’s first position post-Ross is as mba/jd ’08 Admissions Committee as a way to sus- assistant product director in Johnson & tain and grow a diverse student body at Johnson’s baby division. miyatosh Purnanandam recently was bailout of Bear Stearns, visit the Ross Anamed the Bank One Corporation Web site at www.bus.umich.edu/pur- Assistant Professor of Business Adminis- nanandam. tration at Ross. This one-year appoint- Purnanandam joined the Ross faculty in ment, effective in September, recognizes 2004 after completing his PhD at Cornell promising junior faculty who are conduct- University. He’s already had a phenomenal ing high-potential scholarly research. start to his academic career with nine Purnanandam’s area of expertise focuses accepted/published papers in top journals, on risk management, how firms make as well as seven active working papers in financial decisions, and the implications development. He has presented at top of those decisions on value and stock conferences, and his output and visibility returns. Research interests cover security make him a top researcher in his cohort. issues (IPOs/SEOs), investments, credit In addition, Purnanandam contributes to Amiyatosh risk pricing, and banking. To hear an the intellectual vitality of the Ross finance audio podcast that details his perspective group in many ways — he’s even started a Purnanandam on the Federal Reserve’s April 2008 reading group for the faculty. Assistant Professor of Finance reg Bolino, MBA ’92, is a partner at helped numerous clients identify and Gglobal technology and services firm pursue opportunities to enhance business Accenture. Based in Chicago, he leads the performance with new operating struc- company’s organization strategy practice tures, capabilities, and technologies. His in North America. clients have included General Motors, Prior to Accenture, Bolino served as vice Northwestern Mutual, Sears, Best Buy, president of sales and business development AOL, Verizon, Kraft Foods, Cinergy, at Telution, a start-up company that pro- SBC, and Sprint, to name a few.