For more information about news and events at the
School of Management, contact Jacqueline Ghosen at 716-645-2833 or ghosen@buffalo.edu.
School of Management Names New CEL Director
BUFFALO, N.Y. -- The University at Buffalo School of Management has named Thomas R. Ulbrich director of its Center for Entrepreneurial Leadership (CEL).
An entrepreneur, Ulbrich is president and CEO of Ulbrich’s Garden Center and Mow More Supplies in Alden. He will be leaving the day-to-day operations of his businesses to his general managers as he assumes his new role in the CEL.
Ulbrich is a graduate of the UB School of Management’s Executive MBA program, as well CEL’s Core program. He has remained active in CEL, serving as reactor in the Core program, a coach in the Henry A. Panasci Jr. Technology Entrepreneurship Competition and on CEL’s advisory board.
Ulbrich is active in the National Federation of Independent Business and serves as vice chair of its New York State Leadership Council, where he advocates for small businesses and lobbies state and federal legislative branches on small business issues.
In the community, Ulbrich is a member of several advisory boards and councils, including the Buffalo Chapter advisory board of Students in Free Enterprise and the board of directors of the Alden Chamber of Commerce.
“We are very pleased to have Tom join us,” said John M. Thomas, dean of the School of Management. “The Center for Entrepreneurial Leadership has built incredible momentum in recent years and with Tom’s experience, we are well positioned to continue this outstanding progress.”
Ulbrich will succeed Althea Luehrsen, now UB assistant vice president of corporate and foundation relations.
CEL was established in 1987 to assist regional economic development. Its 10-month Core program is designed for experienced entrepreneurs and business leaders who wish to grow, refocus or better manage their businesses by developing expertise in strategic planning, employee relations, capital acquisition and marketing.
CEL also runs an advanced entrepreneurship program for Core graduates and oversees the School of Management’s Allstate Minority and Women Emerging Entrepreneurs program and the Henry A. Panasci Jr. Technology Entrepreneurship Competition.
Nearly 700 CEL alumni employ more than 25,000 Western New Yorkers and are worth nearly $3 billion to the local economy. For more information about the CEL, call 716-885-5715 or visit mgt.buffalo.edu/cel.
The Wall Street Journal ranks the UB School of Management No. 9 in the nation among schools with strong regional recruiting bases. In addition, BusinessWeek ranks the school as one of the country's top 5 business schools for the fastest return on MBA investment, and Forbes cites it as one of the best business schools in the U.S. for the return on investment it provides MBA graduates. For more information about the UB School of Management, visit mgt.buffalo.edu.
The University at Buffalo is a premier research-intensive public university, a flagship institution in the State University of New York system that is its largest and most comprehensive campus. UB’s more than 28,000 students pursue their academic interests through more than 300 undergraduate, graduate and professional degree programs. Founded in 1846, the University at Buffalo is a member of the Association of American Universities.
Release date: April 29, 2008
For more information about news and events at the School of Management, contact Jacqueline Ghosen at 716-645-2833 or ghosen@buffalo.edu.
UB Entrepreneurship Competition Launches Nanotech Business
BUFFALO, N.Y. -- Two teams won more than $35,000 in cash in the University at Buffalo’s Henry A. Panasci Jr. Technology Entrepreneurship Competition (Panasci TEC) for their innovative ideas in nanotechnology and Internet mentoring.
Panasci TEC, now in its eighth year, awards seed money and business services to the teams that present the best plan for launch of a viable new business. Nine local ventures have been launched with first-place prize money since the UB competition began and most are still in business.
Krishnan Chakravarthy of Williamsville, Darren Leskiw of Lockport, Indrajit Roy of Amherst and Tom Sass of Cheektowaga won the $25,000 first prize for their proposed business, NanoAxis, a nanotechnology company that will design and manufacture specialized quantum dots for biological applications.
The second-place prize of $10,000 in start-up funding went to Andrew Broczkowski of Hamburg, Jeffrey Goldberg and Laura Oberg, both of Williamsville, for their proposal, mentor café, a Web site and software designed to facilitate a mentorship network on the Internet.
Quantum dots are nano-sized semiconductor materials that absorb light, then re-emit the light at a different wavelength creating a spectrum of colors. The company will specialize in modifying the surface of their quantum dots for diagnostic imaging and drug delivery.
NanoAxis says that when linked to a therapeutic drug, their quantum dots will ensure a safe and precise delivery of the drug to a targeted site.
"Helping high-tech companies like NanoAxis launch and grow in Western New York is a role UB is uniquely capable of playing in our region’s economy and is exactly why this competition is held each year,” said John M. Thomas, dean of the UB School of Management.
Members of the winning team said UB’s Panasci competition provided them with a framework for asking the tough questions necessary for success. To create their technology the team worked closely with UB faculty Paras Prasad, Ph.D., Distinguished Professor and Capen Chair of Chemistry, and Paul Knight, M.D., professor of anesthesiology and microbiology.
"Thanks to the vision and hard work of our team, we are ready to take the next step in establishing a high-tech, nanotechnology-based company in Buffalo,” said Sass.
“The competition has opened the door for NanoAxis to interact with various scientific partners at the University of Buffalo,” added Chakravarthy. “NanoAxis is going to be the cornerstone of cutting-edge translational research, providing more selective and targeted medical therapy.”
The first-prize package includes $25,000 in seed funding, one year of legal services from Jaeckle Fleischmann and Mugel, one year of accounting services from Bechtel, Kopin & Company PC, and one year of office space supplied by North Forest Office Providers.
The competition is designed to bring students from science and technology disciplines together with students or recent graduates from the School of Management to maximize their business and scientific potential and create viable businesses in Western New York.
Twelve teams entered this year’s competition and 5 teams of finalists presented their business plans publicly in the competition’s final round on April 23 at the Jacobs Executive Development Center.
Other new venture ideas included a company that would provide contracted pharmaceutical research services, a proposal for a technology that improves the delivery of distance education and a virtual marketplace where parking providers can compete in real time for parking customers.
Serving as judges for the event were Robert H. Fritzinger, CEO, Zenhire Inc.; Thaddeus H. Grasela Jr., president and CEO, Cognigen Corp.; James Hengst, president and CEO, ZeptoMetrix; Marnie LaVigne, director of business development, New York State Center of Excellence in Bioinformatics and Life Sciences; Mel Passarelli, vice president, North American operations, Attunity Inc.; and Brian Pearson, president, Valuation Advisors LLC.
Panasci TEC was created by the University at Buffalo School of Management and the UB Office of Science, Technology Transfer and Economic Outreach, and is funded with a $1 million endowment from the late Henry A. Panasci Jr., UB alumnus and former CEO of Fay’s Inc., to facilitate and promote the commercialization of UB-generated technologies.
The Wall Street Journal ranks the UB School of Management 9th in the nation among schools with strong regional recruiting bases. In addition, BusinessWeek ranks the school as one of the country’s top five business schools for the fastest return on MBA investment, and Forbes cites it as one of the best business schools in the U.S. for the return on investment it provides MBA graduates. For more information about the UB School of Management, visit mgt.buffalo.edu.
The University at Buffalo is a premier research-intensive public university, a flagship institution in the State University of New York system that is its largest and most comprehensive campus. UB’s more than 28,000 students pursue their academic interests through more than 300 undergraduate, graduate and professional degree programs. Founded in 1846, the University at Buffalo is a member of the Association of American Universities.
Release date: April 24, 2008
For more information about news and events at the School of Management, contact Jacqueline Ghosen at 716-645-2833 or ghosen@buffalo.edu.
Finalists Named in Dean Search
BUFFALO, N.Y. -- The finalists for the position of dean of the School of Management will visit campus, starting April 24, to meet with members of the UB and local business communities.
The finalists are G. Anand Anandalingam, Ralph J. Tyser Professor of Management Science in the Robert H. Smith School of Business at the University of Maryland; Arjang A. Assad, professor of management science in the Robert H. Smith School of Business at the University of Maryland; and Anne P. Massey, dean’s research professor and professor of information systems in the Kelley School of Business at Indiana University.
Anandalingam will be on campus today. Massey will visit on April 28 and Assad will visit on May 1.
While on campus, candidates will meet with management faculty, senior staff, students, alumni, leaders of the business community and senior university leaders. Open sessions with each candidate also are scheduled. The open session with Anandalingam will be held from 4:30-5 p.m. today in 160 Jacobs Hall; the time and location of open sessions with the other candidates had not been announced as of Reporter press time.
Click here for further information about the campus visits; the curriculum vita for each candidate is available under the “Candidates” link.
Harvey G. Stenger Jr., professor and dean of the School of Engineering and Applied Sciences, is chair of the School of Management Dean Search Committee.
Anandalingam, who also serves as senior associate dean of the business school, has been a member of the University of Maryland faculty since 2001. Before being named senior associate dean, he was chair of the Department of Decision and Information Technology in the business school, as well as serving in other administrative positions.
He also has been a member of the faculty at the University of Pennsylvania and University of Virginia, and served as an engineer-economist at Brookhaven National Laboratory.
Co-author of “Beware the Winner’s Curse: Victories That Can Sink You and Your Company,” Anandalingam is co-editor of “Telecommunications Planning: Innovations in Pricing, Network Design and Management” and “Telecommunications Network Design and Management,” and was guest editor of special issues of several professional journals.
He teaches executive, distance-learning and graduate courses in topics that include project management, global operations management, telecommunications strategy and game theory, mathematical economics and optimization.
Anandalingam holds a Ph.D. and S.M. from Harvard University and bachelor’s and master’s degrees from Cambridge University.
Assad, who also is Dean’s Professor for Extraordinary Service in the Department of Decision, Operations and Information Technologies, has been a University of Maryland faculty member since 1978.
He is the author or editor of a number of books, including “Profiles on Operations Research,” scheduled for publication in the fall, as well as more than 50 refereed articles and book chapters.
Assad’s research interests include distribution management and transportation networks modeling, history and evolution of operations research, quality management and lean manufacturing, mathematical programming and combinatorial optimization, and manufacturing models and applications.
He holds a doctorate in management science, a master’s degree in operations research, a chemical engineer’s degree and a bachelor’s degree in mathematics, all from the Massachusetts Institute of Technology.
Massey, executive director of Information Management Affiliates, has been a member of the faculty of the Kelley School of Business at Indiana University since 1996.
Her research interests include information technology implementation and adoption, service innovation and management, knowledge transfer, computer-supported collaborative work, service usability and acceptance, and e-health issues.
She has published numerous book chapters and articles in refereed journals, and served as a consultant to companies that include Clifton Gunderson LLP, National Valuation and Forensic Services, and Eli Lilly and Co.
In addition to Indiana University, Massey has taught in the College of Management at North Carolina State University and the School of Management at Clarkson University, and was senior engineer for plans and controls at the IBM Manufacturing Technology Center and a program planner for General Electric’s Knolls Atomic Power Laboratory.
She holds a doctorate in decision sciences and engineering systems, a master’s degree in industrial engineering and a bachelor’s degree in management, all from Rensselaer Polytechnic Institute.
The Wall Street Journal ranks the UB School of Management No. 9 in the nation among schools with strong regional recruiting bases. In addition, BusinessWeek ranks the school as one of the country's top 5 business schools for the fastest return on MBA investment, and Forbes cites it as one of the best business schools in the U.S. for the return on investment it provides MBA graduates. For more information about the UB School of Management, visit mgt.buffalo.edu.
The University at Buffalo is a premier research-intensive public university, the largest and most comprehensive campus in the State University of New York. UB's more than 28,000 students pursue their academic interests through more than 300 undergraduate, graduate and professional degree programs. Founded in 1846, the University at Buffalo is a member of the Association of American Universities.
Release date: April 24, 2008
This article was written by Christine Vidal, UB News Services. For more information about news and events at the School of Management, contact Jacqueline Ghosen at 716-645-2833 or ghosen@buffalo.edu.
Free Tax Preparation at UB Brings $235,000 Back to WNY
BUFFALO, N.Y. -- Over the past 10 weeks, 138 IRS-certified accounting students from the University at Buffalo School of Management brought nearly $235,000 in tax refunds back into the Buffalo community through the Volunteer Income Tax Assistance (VITA) program.
UB’s chapter of Beta Alpha Psi, the national honor society for accounting and finance students, led the initiative that provided more than 1,400 hours of tax service, preparing nearly 400 individual tax returns for individuals and families with annual incomes below $40,000.
“We’re especially pleased that nearly $44,000 of the total was a result of the Earned Income Credit, which targets low-income families in need of additional financial support,” said Michael Steenberge, a junior in the School of Management and co-chair of the Beta Alpha Psi’s VITA committee. “It means that we helped a number of families who needed it most.”
Services were expanded this year to provide services on UB’s South and North Campuses, resulting in a 250 percent increase over last year in the number of returns prepared.
“We could not be more proud of our students and the impact they have made on the community with this initiative,” said John M. Thomas, dean of the UB School of Management. “Despite their class loads and other responsibilities, these students have been working virtually every weekend since January to make this program the outstanding success that it has been.”
The Wall Street Journal ranks the UB School of Management No. 9 in the nation among schools with strong regional recruiting bases. In addition, BusinessWeek ranks the school as one of the country's top 5 business schools for the fastest return on MBA investment, and Forbes cites it as one of the best business schools in the U.S. for the return on investment it provides MBA graduates. For more information about the UB School of Management, visit mgt.buffalo.edu.
The University at Buffalo is a premier research-intensive public university, the largest and most comprehensive campus in the State University of New York. UB's more than 28,000 students pursue their academic interests through more than 300 undergraduate, graduate and professional degree programs. Founded in 1846, the University at Buffalo is a member of the Association of American Universities.
Release date: April 20, 2008
For more information about news and events at the School of Management, contact Jacqueline Ghosen at 716-645-2833 or ghosen@buffalo.edu.
MBA Scholarships Awarded in Case Competition
BUFFALO, N.Y. -- A $500 scholarship was awarded to each member of the winning team in the University at Buffalo School of Management’s second annual Steven C. Verney MBA Case Competition.
The winners were Liz Blazey of Canandaigua, Abhishek Chandan of Vadodara, India, Adam Mackay of Hingham, Mass., Peter Ruocco of Grand Island, and Hui Keow Yeo of Kuala Lumpur, Malaysia.
All first-year MBAs at UB took part in the competition, which required them to read and analyze a Harvard business case and write a report recommending solutions for the company in the study.
The top four teams then presented their findings to a panel of judges in the event’s final round on March 28 in the Alfiero Center on UB’s North (Amherst) Campus.
The competition was created exclusively for first-year MBA students at the UB School of Management through a donation from Steven C. Verney, a vice president of Allstate Insurance Company in Chicago, who received his bachelor’s degree in 1980 and his MBA in 1981 from UB.
Members of the second-place team each received $250 scholarships.
The judges for the final round of the competition were John Dunbar, MBA ’81, principal of Strategic Investments & Holdings, in Buffalo; Ken Fick ’98, director of forensic and litigation consulting at FTI Consulting in Washington, D.C.; Ronald Huefner, SUNY Distinguished Teaching Professor in the UB School of Management Department of Accounting and Law; and Stephen Kneeland, vice president for service marketing at Xerox Corporation in Rochester.
The Wall Street Journal ranks the UB School of Management 9th in the nation among schools with strong regional recruiting bases. In addition, BusinessWeek ranks the school as one of the country’s top 5 business schools for the fastest return on MBA investment, and Forbes cites it as one of the best business schools in the U.S. for the return on investment it provides MBA graduates. For more information about the UB School of Management, visit mgt.buffalo.edu.
Release date: March 28, 2008
For more information about news and events at the School of Management, contact Jacqueline Ghosen at 716-645-2833 or ghosen@buffalo.edu.
Financially Savvy Teens Tout Skills in Money Bee
BUFFALO, N.Y.-- Teams from Sacred Heart Academy, Orchard Park High School and West Seneca East Senior High School have placed first, second and third, respectively, in “MoneySKILL® Mania,” a financial literacy competition for high school juniors and seniors sponsored by the University at Buffalo School of Management and M&T Bank.
Jessica Yox of Sacred Heart Academy was the highest scoring individual student and was awarded a notebook computer.
Members of the first place team, Stephanie Englert, Kristina Polino and Jessica Yox of Sacred Heart Academy, each received a $250 college savings fund.
Teachers Ken McKinnon of Sacred Heart Academy, Jim Agnew of Orchard Park High School and Arlene Hathaway of West Seneca East Senior High School coached the winning teams.
Fourteen high schools registered for MoneySKILL Mania and more than 70 students participated. The event was designed to increase awareness of MoneySKILL, a free, interactive Internet curriculum designed to educate students to make informed financial decisions on a variety of personal finance issues, including income, money management, spending, credit, saving and investing.
“We wanted to get the word out to area high school teachers, principals and students and to encourage the use of MoneySKILL in the classroom,” says Cynthia Shore, assistant dean of corporate and community relations at the UB School of Management. “We also wanted to reward students and teachers who were already successfully using the curriculum, and we thought a ‘money bee’ would be a fun way to do so.”
MoneySKILL was developed by Lewis Mandell, professor of finance and managerial economics in the UB School of Management, in collaboration with the American Financial Services Association Education Foundation.
Financial-literacy scores of high school seniors hover in the low- to mid-50 percent range, according to Mandell, who, since 1997, has conducted a biennial nationwide survey for the Jump$tart Coalition for Personal Financial Literacy to determine how well 12th graders know the basics of personal finance.
“This indicates that despite the attention now paid to the lack of financial literacy, the problem is not about to resolve itself anytime soon,” says Mandell.
MoneySKILL Mania was open to high school juniors and seniors from any public, private or charter school located in any of the eight counties of Western New York. For the competition, student competitors were asked the same questions simultaneously entered their answers using clicker technology. Scores were automatically tallied in the competition computer.
For nearly two years, the UB School of Management and M&T Bank have partnered to reach out to area high schools and help them integrate MoneySKILL into their curruiculum.
The Wall Street Journal ranks the UB School of Management No. 9 in the nation among schools with strong regional recruiting bases. In addition, BusinessWeek ranks the school as one of the country's top 5 business schools for the fastest return on MBA investment, and Forbes cites it as one of the best business schools in the U.S. for the return on investment it provides MBA graduates. For more information about the UB School of Management, visit mgt.buffalo.edu.
The University at Buffalo is a premier research-intensive public university, the largest and most comprehensive campus in the State University of New York. UB’s more than 28,000 students pursue their academic interests through more than 300 undergraduate, graduate and professional degree programs. Founded in 1846, the University at Buffalo is a member of the Association of American Universities.
M&T Bank, a subsidiary of M&T Bank Corporation (NYSE:MTB), was established in 1856 and is among the 20 largest commercial banks headquartered in the United States with more than $63 billion in assets and more than 13,000 employees. Reflecting a history of well-managed growth, M&T serves over 1.6 million households and operates more than 690 full-service branches and a network of more than 1,600 ATMs in New York, Pennsylvania, Maryland, Virginia, Washington, D.C., West Virginia and Delaware.
Release date: March 13, 2008
For more information about news and events at the School of Management, contact Jacqueline Ghosen at 716-645-2833 or ghosen@buffalo.edu.
U.N. Capital Development Fund, UB and SUNY Partners Expand Microfinance Education
UB School of Management, UAlbany Center for International Development and Levin Institute to work with UNCDF to deliver distance-learning course to a broad audience
BUFFALO, N.Y. -- The University at Buffalo School of Management, the University at Albany's Center for International Development (CID), the Levin Institute and the United Nations Capital Development Fund (UNCDF) today signed an agreement to expand a microfinance training program that explores why and how microfinance operations grow to provide financial services to low-income people on a sustainable basis.
Microfinance is focused on providing basic financial services to the poor. Financial services needed by the poor include small loans, consumer credit, savings, pensions, insurance and money transfer services.
The Microfinance Distance Learning (MFDL) course, which was developed by UNCDF for Web, distance learning and classroom delivery, brings together advice and best practices from successful microfinance practitioners and institutions around the world, from Latin America to Africa to Asia and the Arab States.
With the signing of the agreement, the State University of New York (SUNY), through the University at Buffalo (UB) School of Management, the Center for International Development (CID) of the Rockefeller College, University at Albany (UA) and the Levin Institute, will further develop and deliver the MFDL to a broad audience.
“The Microfinance Distance Learning program represents a significant innovation for organizations engaged in the critical work of creating opportunities for building entrepreneurship and small business in emerging economies,” said UB School of Management Dean John M. Thomas, Ph.D.
“It is also a unique opportunity for the UB School of Management to apply our expertise in management education to this important goal,” he added. “We look forward to working with our SUNY partners and the U.N. Capital Development Fund to make this project a long term, sustainable success.”
Henriette Keijzers, interim executive secretary at UNCDF, said the partnership with SUNY offered another boost to building more inclusive financial sectors.
“Our UNCDF microfinance colleagues invested a lot of time, energy and resources into developing this program,” she said. “The intention was to promote knowledge of microfinance to as broad an audience as possible, which is now happening through partnerships like this one with SUNY.”
The Levin Institute, the Center for International Development and the UB School of Management will further develop strategic partnerships to expand the implementation of the training program in the U.S. and internationally.
Possible partnerships may include NGOs, governments and development agencies, with the goal of offering training program on microfinance using the UNCDF materials. Symposiums on microfinance for academics and businesspeople are also being planned.
“The opportunity for SUNY and the Levin Institute to work with the United Nations in helping to inform a new cohort of business leaders, policymakers, and entrepreneurs about the world of micro-finance represents an exciting educational opportunity for us,” said Denis Simon, Ph.D., provost of the Levin Institute. “By assisting in the diffusion of knowledge about microfinance, we hope to spark new pockets of growth and development in countries that will benefit greatly from being able to access these new channels of capital."
Jeffrey D. Straussman, Ph.D, dean of the Rockefeller College of Public Affairs and Policy, said the agreement with UNCDF offers an unprecedented opportunity for SUNY to impact the academic and business worlds in the area of microfinance. “And the collaboration of the different SUNY organizations, the UB School of Management, UA CID and Levin, is an excellent model to maximize SUNY’s outreach - locally and globally,” he said.
Established in 1966 by the U.N. General Assembly with a unique mandate to invest in the Least Developed Countries (LDCs), the United Nations Capital Development Fund (UNCDF) is affiliated with UNDP and contributes to the attainment of the Millennium Development Goals (MDGs) at the local level through a unique combination of investment capital (grants, credits and guarantees), capacity building support and technical advisory services within its two practice areas: (i) Inclusive Financial Sectors and (ii) Decentralization and Local Development. UNCDF currently has active program valued at approximately US$ 125 million in 39 LDCs. More information is available at www.uncdf.org.
The Wall Street Journal ranks the UB School of Management No. 9 in the nation among schools with strong regional recruiting bases. In addition, BusinessWeek ranks the school as one of the country's top 5 business schools for the fastest return on MBA investment, and Forbes cites it as one of the best business schools in the U.S. for the return on investment it provides MBA graduates. For more information about the UB School of Management, visit mgt.buffalo.edu.
The University at Buffalo is a premier research-intensive public university, a flagship institution in the State University of New York system that is its largest and most comprehensive campus. UB’s more than 28,000 students pursue their academic interests through more than 300 undergraduate, graduate and professional degree programs. Founded in 1846, the University at Buffalo is a member of the Association of American Universities.
Release date: March 6, 2008
For more information about news and events at the School of Management, contact Jacqueline Ghosen at 716-645-2833 or ghosen@buffalo.edu.
School of Management Moves up in WSJ Top 10
BUFFALO, N.Y. -- For the seventh consecutive year, the University at Buffalo School of Management has been ranked as one of the world’s top business schools by The Wall Street Journal.
The UB School of Management is ranked No. 9 among schools with strong regional recruiting
bases, up one spot from last year.
"Our continued high ranking by the recruiters who hire our graduates is a wonderful testimony
to both the outstanding quality of our students and the dedicated faculty committed to providing them the
skills needed to be successful," said John M. Thomas, dean of the UB School of Management.
As in past years, the ranking is based exclusively on recruiter feedback. More than 4,400 recruiters assessed schools and students based on a variety of attributes. They rated communication and interpersonal skills; team skills; and personal ethics and integrity as the most important. Work ethic and analytical and problem-solving skills were also highly rated.
The survey results were separated into three separate rankings -- national, regional and international. The national and regional rankings grouped schools based on where recruiters say they tend to recruit. Schools in the regional ranking category were more likely to draw recruiters from within their geographic area. For example, nine of the Big Ten schools are in the regional category. The international ranking was made up of schools whose recruiters placed graduates in positions outside of the U.S. or equally in and out of the U.S.
“These rankings are a reflection of the success of our efforts to enhance the quality of our
academic programs and global reputation by focusing our resources on the recruitment of high-caliber students and top faculty,” said Thomas.
The UB School of Management is the only business school in the Buffalo-Niagara region to be
included in The Wall Street Journal ranking. In addition, BusinessWeek ranks the school as one of the country's top 5 business schools for the fastest return on MBA investment, and earlier this month Forbes cited it as one of the best business schools in the U.S. for the return on investment it provides MBA graduates.
For more information about the UB School of Management, visit mgt.buffalo.edu.
Release date: Sept. 17, 2007
For more information about news and events at the School of Management, contact Jacqueline Ghosen at 716-645-2833 or ghosen@buffalo.edu.
Archived News Releases
Competition Fosters Entrepreneurial Spirit in High Schoolers
BUFFALO, N.Y. -- Six students from area high schools won first place in an entrepreneurship competition on March 8 for their winning business proposal, a high-tech gaming center.
The competition was the culmination of a 19-week Entrepreneurship Training Program (ETP) conducted by the University at Buffalo School of Management and the Meszaros International Center of Entrepreneurship.
Members of the winning team, George Alexander of City Honors High School, Patrick Anhalt of Emerson School of Hospitality, Charles Beardsley of Burgard Vocational High School, Michael Cheaib of St Joseph’s Collegiate Institute, Craig Nicpon of Burgard Vocational High School and Wes Richter of City Honors High School, were each awarded a leather embossed attaché case.
Seven teams presented business plans in the competition, which was held at Hutchinson Central Technical High School. Entries ranged from a proposal to provide microfinance funding in Ghana, to a unique restaurant concept to a fashion design business.
Judges for the competition were Louis P. Ciminelli, chair and CEO of LPCiminelli Inc.; Cynthia M. Shore, assistant dean of corporate and community relations, UB School of Management; and Chris Meszaros, product manager, Synacor.
Since October, nearly 50 students from18 urban, suburban and rural area high schools have been attending the Entrepreneurship Training Program on Saturday mornings at the UB School of Management, where they explored the possibilities and complexities of self employment.
Funded by a grant from the Oishei Foundation, the program focuses on ethical entrepreneurship training and features class exercises that encourage team skills and critical thinking, guest speakers from a number of area entrepreneurs and a business plan workshop.
Young people have the greatest potential to develop positive attitudes and business behaviors,” said Joseph Salamone, co-founder of MICE; author of the Entrepreneurship Training Program and associate professor of organization and human resources at the UB School of Management.
“The entrepreneurship skills that students learned in this program--effective work habits, personal management and critical thinking--all transfer well into everyday life, and will help them to become high quality human assets," he added.
The Meszaros International Center for Entrepreneurship (MICE) is a not-for-profit foundation that develops and delivers entrepreneurship training products and programs. MICE has already successfully completed programs in Central Europe. MICE was founded and originally funded by Laszlo (Les) Meszaros, a former entrepreneur who successfully started companies, most notably Voice Technologies Group, which he sold to Intel Corporation. For more information, visit www.mice-us-foundation.com.
The Wall Street Journal ranks the UB School of Management No. 9 in the nation among schools with strong regional recruiting bases. In addition, BusinessWeek ranks the school as one of the country's top 5 business schools for the fastest return on MBA investment, and Forbes cites it as one of the best business schools in the U.S. for the return on investment it provides MBA graduates. For more information about the UB School of Management, visit mgt.buffalo.edu.
Release date: March 8, 2008
For more information about news and events at the School of Management, contact Jacqueline Ghosen at 716-645-2833 or ghosen@buffalo.edu.
School of Management Names
Undergraduate Case Competition Winners
BUFFALO, N.Y. -- A team of four students in the UB School of Management will share a $3,000 prize as winners of the second annual On Target Undergraduate Case Competition.
Bevano Lianto of Indonesia, Andrew Widjaja of Indonesia, John Willett of Williamsville and Qiliang Yu of Brooklyn comprised the winning team.
The competition, sponsored by Target Corporation, is intended to help undergraduate students hone their analytical, problem-solving and teamwork skills.
Twenty teams representing 77 students originally entered the competition. For the final round of the competition on March 1, the top five teams presented their analyses and recommendations for a case involving how Target can effectively staff its stores with teams as its enters the competitive labor market of 2010.
Six individuals from Target Corporation served as judges for the final presentations: Bill Hall, vice president for upstate New York, central Pennsylvania, Pittsburgh and West Virginia; Randy Joseph, district team leader; Steve Robinson, district assets protection team leader; John Cardarella, human resources business partner; Andrea Vaughn, human resources business partner; and Ben Gregory, store team leader.
The Wall Street Journal ranks the UB School of Management No. 9 in the nation among schools with strong regional recruiting bases. In addition, BusinessWeek ranks the school as one of the country's top 5 business schools for the fastest return on MBA investment, and Forbes cites it as one of the best business schools in the U.S. for the return on investment it provides MBA graduates. For more information about the UB School of Management, visit mgt.buffalo.edu.
Release date: March 5, 2008
For more information about news and events at the School of Management, contact Jacqueline Ghosen at 716-645-2833 or ghosen@buffalo.edu.
UB School of Management Announces
Case Competition Winners
Team will advance to national competition
BUFFALO, N.Y. -- A team of four University at Buffalo MBA students will advance to a national competition in Washington, D.C., after winning the UB MBA Second-Year Case Competition.
The winning team, Alexandra Andrianova of Amherst, Jonathan Davis of Buffalo, David Hansen of Amherst, and Timothy Silverstein of North Tonawanda, was chosen from among four teams of finalists who presented the results of their case analyses at the UB School of Management.
Judges evaluated participants on the quality of their analyses and use of case data, the creativity and clarity of their recommendations, the quality and detail of their implementation plans, the quality and style of their oral presentations, and the quality of their question and answer responses.
The winning team will travel to Washington, D.C., to compete in the 12th Annual George Washington University/KPMG MBA Case Competition on March 28 and 29.
The competition was sponsored by Columbus McKinnon Corp., Ernst & Young LLP, and Moog, Inc. The judges for the final round of the competition were School of Management Dean John M. Thomas; Joseph Bell, general manager, Moog; Karen Howard, vice president of finance and CFO, Columbus McKinnon; and Michael Murray, partner, Ernst & Young. Prizes also were awarded to the second and third place teams.
The Wall Street Journal ranks the UB School of Management No. 9 in the nation among schools with strong regional recruiting bases. In addition, BusinessWeek ranks the school as one of the country's top 5 business schools for the fastest return on MBA investment, and Forbes cites it as one of the best business schools in the U.S. for the return on investment it provides MBA graduates. For more information about the UB School of Management, visit mgt.buffalo.edu.
Release date: March 2, 2008
For more information about news and events at the School of Management, contact Jacqueline Ghosen at 716-645-2833 or ghosen@buffalo.edu.
Seminar to Explore Cyber Security for Small Businesses
BUFFALO, N.Y. -- The University at Buffalo School of Management Alumni Association (SOMAA) will hold a breakfast seminar exploring cyber security for small businesses and nonprofit organizations from 7:30-9:30 a.m. on March 19 in the Center for Tomorrow on the UB North (Amherst) Campus.
The seminar, “Cyber Crashes, Disasters and Hackers: Be Prepared,” will be part of the SOMAA’s Smart Business Practices Breakfast Seminar Series. It will include a full breakfast, panel discussion, presentations and question and answer period. Topics will include: wireless security, software patches, spam messages and filters, password security, network monitoring, directory security, user permissions, data backups, encryption and disaster recovery planning.
The presenters will be Kristopher Meier, director of information technology for Algonquin Studios; David J. Murray, assistant professor of management science and systems in the UB School of Management; and Gregory S. Gartland, IBM-certified administrator, developer and trainer for The PCA Group.
The cost of the breakfast seminar will be $25 for SOMAA members, $30 for nonprofit representatives and $35 for others who are not members of SOMAA. Reservations are required and must be made by March 14 at 716-645-3224.
The Wall Street Journal ranks the UB School of Management No. 9 in the nation among schools with strong regional recruiting bases. In addition, BusinessWeek ranks the school as one of the country's top 5 business schools for the fastest return on MBA investment, and Forbes cites it as one of the best business schools in the U.S. for the return on investment it provides MBA graduates. For more information about the UB School of Management, visit mgt.buffalo.edu.
Release date: Feb. 12, 2008
For more information about news and events at the School of Management, contact Jacqueline Ghosen at 716-645-2833 or ghosen@buffalo.edu.
Stock Price Correlated to Likeability of Super Bowl Ads
BUFFALO, N.Y. -- When TV viewers like a company's Super Bowl commercial, the company's stock price goes up, according to a study by researchers in the University at Buffalo School of Management and Cornell University.
The study examined 529 commercials that aired during 17 Super Bowls from 1989-2005, and found that investors favored stocks of firms that aired likeable Super Bowl commercials.
The researchers used ratings gathered by USA Today's Ad Meter, a real-time consumer likeability ranking of Super Bowl commercials. They found that firms with the most likeable commercials had higher than normal stock purchases on the days following the Super Bowl, which increased the firms' stock price.
"This reaction is irrational because the stock returns were based solely on likeability of the commercials," says researcher Kenneth A.
Kim, associate professor of finance in the UB School of Management. "If the likeability of the commercials caused a subsequent increase in company sales, a stock increase would make sense, but we did not find this to be the case."
Firms with the least-liked commercials also experienced an increase in stock price, but not as
much as firms with the most-liked commercials. Firms with commercials that drew a neutral response from viewers did not experience any significant stock price reaction, according to Kim and co-researchers Charles Chang, assistant professor of finance in Cornell University's School of Hotel Administration, and Jing Jiang, a doctoral student in the UB School of Management.
The findings on liked commercials demonstrate how people often take mental shortcuts rather than go through longer analytical processing when making decisions that should be complex, Kim explains.
In this case, people bought stock because they liked a firm's TV commercial instead of making a decision based on a firm's long-term
value.
These investors appeared to use a mental short cut known as "representativeness bias" when evaluating the firms, Kim says. In investment decision making, representativeness bias is irrationally relating one aspect of a firm to its expected stock returns.
"We're probably all guilty of this bias in our everyday lives. When shopping for a used car, we might think that a clean car is a good car," explains Kim. "We might think a person with a nice haircut is a good person. We might think a tall person is a good basketball player."
In investment decision-making, another example of this bias occurs when investors believe recent past returns are representative of what they can expect in the future.
The Wall Street Journal ranks the UB School of Management No. 9 in the nation among schools with strong regional recruiting bases. In addition, BusinessWeek ranks the school as one of the country's top 5 business schools for the fastest return on MBA investment, and Forbes cites it as one of the best business schools in the U.S. for the return on investment it provides MBA graduates. For more information about the UB School of Management, visit mgt.buffalo.edu.
The University at Buffalo is a premier research-intensive public university, the largest and most comprehensive campus in the State University of New York. UB's more than 28,000 students pursue their academic interests through more than 300 undergraduate, graduate and professional degree programs. Founded in 1846, the University at Buffalo is a member of the Association of American Universities.
Release date: Jan. 28, 2008
For more information about news and events at the School of Management, contact Jacqueline Ghosen at 716-645-2833 or ghosen@buffalo.edu.
Free Tax Preparation Services Available at UB
BUFFALO, N.Y. -- IRS-certified accounting students from the University at Buffalo School of Management will again provide free tax preparation services to individuals and families with annual incomes below $40,000.
Area residents and students are encouraged to take advantage of this opportunity, which will be expanded this year to include UB’s North (Amherst) and South (Main Street) campuses. The IRS estimates that using such free services can save taxpayers between $100 and $300 in preparation fees.
This service can be especially valuable to low-income tax filers by helping them apply for earned income-tax credits that can provide a needed boost in annual income. The tax credits, which can reduce or completely eliminate income taxes by refunding taxes already withheld from wages, can mean as much as $4,700 for a family with two children.
Earned income-tax credits also can be collected from back tax filings. The service will prepare tax filings for the two previous years, as well as 2007.
Tax preparation will be offered from 10 a.m. to 5 p.m. on a first-come, first-served basis in 109 Allen Hall on the South Campus on Feb. 9, 10, 16, 17, 23, 24 and March 1 and 2. Service will be offered in 143 Park Hall on the North Campus on March 22, 23, 29 and 30 and April 5, 6, 12 and 13.
Participants must bring proof of identification; Social Security card; date of birth for self, spouse and dependents; wage and earning statements (Forms W-2 and 1099) from all employers; interest and dividend statements from banks (Form 1099); a copy of last year's federal and state tax returns, if available; and bank routing numbers and account numbers for direct deposit
The tax service is provided by students in the UB Chapter of Beta Alpha Psi, the national honor society for accounting and finance students. Questions can be directed to mgt-freetaxprep@buffalo.edu or 716-829-3099.
Services on the South Campus are available thanks to support and equipment provided by the UB Office of Community Relations.
Please note that tax preparation for nonresident aliens requires special processing that is beyond the scope of the services provided by Beta Alpha Psi. UB international students on a nonimmigrant visa should visit UB’s International Student and Scholar Services for more information.
The Wall Street Journal ranks the UB School of Management No. 9 in the nation among schools with strong regional recruiting bases. In addition, BusinessWeek ranks the school as one of the country's top 5 business schools for the fastest return on MBA investment, and Forbes cites it as one of the best business schools in the U.S. for the return on investment it provides MBA graduates. For more information about the UB School of Management, visit mgt.buffalo.edu.
The University at Buffalo is a premier research-intensive public university, the largest and most comprehensive campus in the State University of New York. UB's more than 28,000 students pursue their academic interests through more than 300 undergraduate, graduate and professional degree programs. Founded in 1846, the University at Buffalo is a member of the Association of American Universities.
Release date: Jan. 18, 2008
For more information about news and events at the School of Management, contact Jacqueline Ghosen at 716-645-2833 or ghosen@buffalo.edu.
UB School of Management Alumni Board
Names New Officers, Directors
BUFFALO, N.Y. -- The University at Buffalo School of Management Alumni Association has elected its officers for 2008 and has appointed four new board members to three-year terms.
The 2008 officers are: Sujata Yalamanchili of Williamsville, Hodgson Russ LLP, president; Christopher Hart-Nova of Orchard Park, EscapeWire Solutions, LLC, vice president for membership; Kenneth W. Paulin Jr. of Lockport, M&T Bank, assistant vice president for membership; Larry J.
Skerker of Eggertsville, vice president for programs; Mark J. Notarius of East Amherst, Premium Wine & Spirits, assistant vice president for programs; Eileen Connor-Costilow of Williamsville, Lumsden & McCormick LLP, vice president for student relations; Michael Giammusso of Clarence Center, Bristol Myers Squibb, assistant vice president for student relations; Bruce A. Morlock of Elma, BlueCross BlueShield of Western New York, secretary; Daniel T. Liebel of Williamsville, treasurer; and Paul A. Quebral of Williamsville, Reid Petroleum Corp., assistant treasurer.
The newly-elected board members are: Thomas M. Barney Jr. of Angola, Delaware North Companies; Thomas P. Cogan of Williamsville, Citigroup's Global Consumer Group; Timothy M. Hilker of Williamsville, Ernst & Young, LLP; and Rick J. Licursi of West Seneca, Siemens PLM Software.
The Wall Street Journal ranks the UB School of Management 9th in the nation among schools with strong regional recruiting bases. In addition, BusinessWeek ranks the school as one of the country's top 5 business schools for the fastest return on MBA investment, and Forbes cites it as one of the best business schools in the U.S. for the return on investment it provides MBA graduates.
For more information about the UB School of Management, visit mgt.buffalo.edu.
Release date: Jan. 17, 2008
For more information about news and events at the School of Management, contact Jacqueline Ghosen at 716-645-2833 or ghosen@buffalo.edu.
Ehrlich Debuts Journal of Human Capital
BUFFALO, N.Y. -- A new academic journal founded and edited by Isaac Ehrlich, SUNY Distinguished Professor and University at Buffalo Distinguished Professor of Economics, has debuted from the University of Chicago Press.
Ehrlich's Journal of Human Capital is the first academic journal devoted to study of the economic effects of people's knowledge, skills, health and values -- attributes that make up human capital. To be published quarterly, the journal will be useful to economists, public policy analysts, social scientists, business journalists and others interested in the role of human capital in the economic life of the individual and the community, according to Ehrlich, chair of UB's Department of Economics and Melvin H. Baker Professor of American Enterprise in the UB School of Management.
Nobel laureate economist Gary Becker, considered the father of modern human capital theory, is on the journal's board of directors.
According to Becker, the journal is a welcome addition to the field of economics because "human capital is the foundation of the modern knowledge economy."
Ehrlich helped pioneer the study of human capital and the creation of several new programs in the field of economics, including the economics of crime, the economics of longevity and value of life extension and the relation of human uncertainty to insurance.
Human capital, Ehrlich says, is "increasingly recognized in economics and other social sciences as a central economic and social asset.
"The Journal of Human Capital aims to explore the role of human capital in production, allocation and distribution of economic resources and in supporting long-term economic growth," he explains.
The journal's first issue includes an article by Ehrlich and Jinyoung Kim, UB visiting associate professor of economics, who investigated links between income inequality, family size and the family's investment in education. Other contributors include Becker and co-researcher Kevin Murphy who show the effects of education in the
household compared to the marketplace. For more information, visit the about the Journal of Human Capital .
Ehrlich is funded by the New York State Office of Science, Technology and Academic Research and directs UB's Center of Excellence in Human Capital, Technology Transfer and Economic Growth and Development. The center focuses on the dynamic role of human capital in improving market efficiency and achieving persistent, long-term productivity growth at the firm, industry, region and economy-wide levels.
The center also conducts applied research addressing regional economic-development issues and challenges facing corporations in the Western and upstate New York economy. For more information about the center, go to http://www.head.buffalo.edu.
A UB faculty member since 1978, Ehrlich is the author of more than 50 articles in major refereed journals and collections. He is listed among the 100 most-cited economists on several published surveys and has been supported by numerous grants from the National Science Foundation and other federal agencies, including a major USAID grant to study economic development and the role of free enterprise.
The Wall Street Journal ranks the UB School of Management No. 9 in the nation among schools with strong regional recruiting bases. In addition, BusinessWeek ranks the school as one of the country's top 5 business schools for the fastest return on MBA investment, and Forbes cites it as one of the best business schools in the U.S. for the return on investment it provides MBA graduates. For more information about the UB School of Management, visit mgt.buffalo.edu.
The University at Buffalo is a premier research-intensive public university, the largest and most comprehensive campus in the State University of New York. UB's more than 28,000 students pursue their academic interests through more than 300 undergraduate, graduate and professional degree programs. Founded in 1846, the University at Buffalo is a member of the Association of American Universities.
Release date: Jan. 2, 2008
This news release was written by John DellaContrada from UB News Services. For more information about news and events at the School of Management, contact Jacqueline Ghosen at 716-645-2833 or ghosen@buffalo.edu.
Dean Search Under Way
BUFFALO, N.Y. -- The national search for a new dean for the School of Management has begun with the appointment of a search committee that includes several members of the Western New York business community.
The search is seeking a successor to John M. Thomas, who announced in October that he would step down as dean after five years in the post to devote more time to the school's global business programs as a member of the faculty. Thomas is continuing to serve as dean until a successor is hired.
Satish K. Tripathi, provost and executive vice president for academic affairs, said the goal of the search is to have a new dean in place by the start of the 2008-09 academic year.
Harvey Stenger Jr., dean of the School of Engineering and Applied Sciences, has been named chair of the search committee.
The committee held its inaugural meeting earlier this month, said Tripathi, who announced the appointment of the search committee.
Other committee members are Douglas C. Bean, chair of the School of Management Dean's Advisory Council and managing partner of Eric Mower & Associates Inc.; Brian E. Becker, senior associate dean and professor in the Department of Organization and Human Resources, School of Management; Kee H. Chung, Louis M. Jacobs Professor of Financial Planning and Control, and chair of the Department of Finance and Managerial Economics, School of Management; Marsha S. Henderson, vice president for external affairs.
Also, Robert Hoeing, associate professor in the Department of Linguistics, College of Arts and Sciences, and chair of the Faculty Senate; Rose Marie Hu, an MBA student; Rajiv Kishore, associate professor in the Department of Management Science and Systems, School of Management; William Kross, professor in the Department of Accounting and Law, School of Management.
Also, Joseph Saffire, executive vice president and regional president for commercial banking, HSBC Bank USA; Natalie Simpson, associate professor in the Department of Operations Management and Strategy, School of Management; Minakshi Trivedi, associate professor in the Department of Marketing, School of Management; Niraj Verma, professor and chair of the Department of Urban and Regional Planning, School of Architecture and Planning; and Hilary Weaver, associate professor, School of Social Work.
UB also has hired a consultant, Ilene Nagel of Russell Reynolds Associates, to assist in the search. Nagel has played a key role in most, if not all, of the recent administrative searches at UB, including the provostal and vice presidential searches, and searches for other dean positions, including the dean of the School of Medicine and Biomedical Sciences and the dean of the School of Nursing, which also is under way.
For more information about the UB School of Management, visit mgt.buffalo.edu.
Release date: Dec. 20, 2007
This article, by Sue Wuetcher, originally ran in The UB Reporter. For more information about news and events at the School of Management, contact Jacqueline Ghosen at 716-645-2833 or ghosen@buffalo.edu.
New MBA Concentration Focuses on
Global Supply Chain and IT
BUFFALO, N.Y. -- Training managers to lead in the information and supply-chain-based global economy is the goal of the University at Buffalo School of Management’s new MBA concentration in Global Services and Supply Management (GSSM).
Drawing on the school’s international focus and academic strengths, the GSSM curriculum will address rapidly emerging service, supply and information technology issues that are the result of an increasingly worldwide business model.
“While many of our peer schools have initiated similar programs, ours is unique because it combines information systems with supply chain management within a global perspective,” said John M. Thomas, dean of the School of Management.
In addition to the MBA core curriculum, students in the GSSM option will take classes in several interrelated areas, including management of globally distributed services, technology management and e-business, manufacturing planning and control, and supply chains and global operations.
Nallan Suresh, chair and professor of operations management and strategy, and Rajiv Kishore, associate professor of management science and systems, are co-directors of the GSSM option in the UB School of Management.
According to Suresh and Kishore, BusinessWeek has estimated that companies outsourced approximately $546 billion in 2005 in various functional areas, including manufacturing, IT services and IT-enabled services, such as logistics and procurement, human resources and customer care.
In recognition of this growing trend, the integrated and focused GSSM curriculum will help students develop leading-edge skills for managing globally dispersed IT-enabled services and supply chains in an increasingly flattening world.
Students choosing the GSSM option will be prepared to take management positions in the rapidly growing international fields of worldwide IT services, business process outsourcing and manufacturing. For more information on the Global Services and Supply Management MBA option, contact the School of Management at 716-645-3222 or visit mgt.buffalo.edu/mba.
The Wall Street Journal ranks the UB School of Management 9th in the nation among schools with strong regional recruiting bases. In addition, BusinessWeek ranks the school as one of the country’s top 5 business schools for the fastest return on MBA investment, and Forbes cites it as one of the best business schools in the U.S. for the return on investment it provides MBA graduates.
For more information about the UB School of Management, visit mgt.buffalo.edu.
Release date: Nov. 2, 2007
For more information about news and events at the School of Management, contact Jacqueline Ghosen at 716-645-2833 or ghosen@buffalo.edu.
Thomas to Speak at 'UB at Noon...Downtown' Luncheon
BUFFALO, N.Y. -- John M. Thomas, dean of the School of Management, will speak at the next "UB at Noon…Downtown" luncheon series to be held from noon to 1:15 p.m. Nov. 14 in Chef's Restaurant, 291 Seneca St.
Thomas will discuss "The School of Management and the Globalization of the Economy: Progress and Prospects."
The luncheon presentation is co-sponsored by the UB Alumni Association and the School of Management Alumni Association.
Thomas, who earlier this month announced that he is stepping down as dean to devote more time to the school's global business programs as a faculty member, was instrumental in establishing the School of Management as a leader in international business education. During his tenure, the school rose steadily in The Wall Street Journal's ranking of the best business schools, recently achieving a ranking of No. 9 in the nation among institutions with strong regional recruiting bases. The school also was named by BusinessWeek as one of the country's top five business schools for the quickest return on an MBA investment.
The cost of the presentation is $15 for a buffet lunch, which will be served promptly at noon.Check-in will begin at 11:30 a.m.
For more information about the UB School of Management, visit mgt.buffalo.edu.
Release date: Nov. 2, 2007
For more information about news and events at the School of Management, contact Jacqueline Ghosen at 716-645-2833 or ghosen@buffalo.edu.
UB MBAs Top 10 in
Thunderbird
Sustainable Innovation Challenge
UB team will compete for $20,000
BUFFALO, N.Y. -- MBA students from the University at Buffalo School of Management are finalists in an innovation competition to be held in conjunction with Thunderbird School of Global Management’s Sustainable Innovation Summit on Nov. 8-10 at Thunderbird in Glendale, Ariz.
UB MBA students Alexandra Andrianova, Timothy Silverstein, Jennifer Pugh and David Hugheswere culled from a pool of 118 teams representing 51 universities in 13 countries who competed in the first round of the competition. In addition to the UB School of Management team, finalists include teams from Thunderbird, Johns Hopkins University, Paul H. Nitze School of Advanced International Studies, Duke, University of California Davis, Purdue University, University of Rochester and University of Maryland.
The UB MBA team will travel to Thunderbird to present its case during the school’s Sustainable Innovation Summit Nov. 8-10, and the winning student team will receive a cash prize of $20,000 and the title “Global Champions of Sustainable Innovation.”
Business experts, thought leaders and MBA students from around the world will gather at Thunderbird for the summit, which will showcase real-world innovative business solutions that reflect a commitment to economically, environmentally and socially sound business practices.
The summit features a variety of events, including panels, keynote speakers and the final round of the MBA case competition, all dedicated to best practices driven by innovation and corporate social responsibility.
The summit’s highlight is the final round of the Challenge, a team competition challenging MBAs and other master’s level students to develop innovative and sustainable business concept plans to address real-life challenges faced by global corporations. For more information on the summit, visit www.sustainableinnovation.thunderbird.edu.
The Wall Street Journal ranks the UB School of Management No. 9 in the nation among schools with strong regional recruiting bases. In addition, BusinessWeek ranks the school as one of the country's top 5 business schools for the fastest return on MBA investment, and Forbes cites it as one of the best business schools in the U.S. for the return on investment it provides MBA graduates.
For more information about the UB School of Management, visit mgt.buffalo.edu.
Release date: Nov. 2, 2007
For more information about news and events at the School of Management, contact Jacqueline Ghosen at 716-645-2833 or ghosen@buffalo.edu.
UB Researchers Studying ‘October Surprise’ Response Underscore Need for Expertise, Training
BUFFALO, N.Y. -- University at Buffalo researchers studying the response to the 2006 “October Surprise” storm have concluded that the effective coordination of emergency services played a critical role in decision making during the crisis.
In a paper examining the “Incident Command System” used by Erie County in responding to the natural disaster, the researchers investigated the coordination of the tasks, resources, technology and personnel utilized in the emergency response efforts.
The authors of the paper include three members of the UB School of Management’s Department of Management Science and Systems: H.R. Rao, professor, Raj Sharman, assistant professor, and Rui Chen, doctoral student; as well as Catherine P. Cook-Cottone, assistant professor of counseling, school and educational psychology in the Graduate School of Education; and Shambhu Upadhyaya, associate professor of computer science and engineering in the School of Engineering and Applied Sciences.
The ongoing research is being funded by a $30,000 grant from the National Science Foundation. This team of investigators also received an Interdisciplinary Research Development Fund Award from the UB Office of the Vice President for Research.
Disaster planning, response and mitigation are components of UB's research focus on "extreme events," identified as one of the university's strategic strengths in the UB 2020 strategic plan. The group will work under the umbrella of UB's Center of Excellence in Information Systems Assurance Research and Education (CEISARE), which is co-directed by Upadhyaya and Rao.
While the paper concludes that the incident coordination during the storm was ultimately deemed successful, it also outlines many lessons learned from the process that can improve operational effectiveness in the future.
For example, the researchers found that some of the key decision makers lacked the proper knowledge and expertise to handle the disaster because they were appointed by county officials who were not familiar with emergency operations. The researchers recommend that personnel serving in a decision-making capacity be chosen based on expertise and that a database of experts be assembled.
Also, while the technology was in place to coordinate efforts via DisasterLAN, a Web-based incident management system for decision support, it was discovered that many agencies did not have proper training to use the system, thus slowing down emergency efforts. The researchers recommend increased education and training across the agencies.
Chen will present the team’s findings at the “Decision Support for Extreme Events: Learning from Success and Failure” workshop in December prior to the International Conference on Information Systems in Montreal.
The same team has two other studies under way using research from the October storm. In one project they are investigating affect and behavior issues as they relate to first responders (emergency personnel) in an extreme event, including the subjects’ response patterns when transitioning from normal routine operating conditions to emergency conditions.
In the other project the researchers are examining the risks to hospital information systems when faced with extreme events. The team is working closely with health-care facilities in the Buffalo region on this research.
The Wall Street Journal ranks the UB School of Management 9th in the nation among schools with strong regional recruiting bases. In addition, BusinessWeek ranks the school as one of the country’s top 5 business schools for the fastest return on MBA investment, and Forbes cites it as one of the best business schools in the U.S. for the return on investment it provides MBA graduates.
For more information about the UB School of Management, visit mgt.buffalo.edu.
Release date: Oct.. 11, 2007
For more information about news and events at the School of Management, contact Jacqueline Ghosen at 716-645-2833 or ghosen@buffalo.edu.
Thomas to Step Down as Dean of School of Management
Will continue work with school's global business programs
BUFFALO, N.Y. -- John M. Thomas announced today that he will step down as dean of the University at Buffalo School of Management, after five years in the post, to devote more time to the school's global business programs as a member of the faculty.
Thomas was named dean of the School of Management in 2002 after helping to establish the school as a leader in international business education. During his tenure, the School of Management rose steadily in The Wall Street Journal's ranking of the best business schools, recently achieving a No. 9 ranking among business schools with a strong regional recruiting base. The school also was named by BusinessWeek as one of the country's top 5 business schools for the fastest return on MBA investment.
Thomas led the School of Management through a strategic planning process in conjunction with UB 2020, UB's comprehensive strategic plan, and guided the school to reaccreditation by AACSB International -- The Association to Advance Collegiate Schools of Business. He also created an office of corporate and community relations to strengthen the school's many corporate relationships and to focus the public-service and community-outreach efforts of the faculty, staff and students as they share their expertise throughout the region.
"It has been a great pleasure to serve as dean of one of the nation's best business schools," Thomas said. "My objective was to serve five years as dean and help guide the school into the 21st century. I am very grateful to the school's faculty, staff, students and alumni with whom I've worked so closely. Together we've accomplished many great things.
"I've enjoyed working with UB President John Simpson and Provost Satish Tripathi on major university initiatives, particularly UB 2020," Thomas
added. "UB is poised for great things and I hope to continue to lend
my support to the president and provost as they implement UB's ambitious plan for the future."
Simpson praised Thomas' leadership of the School of Management and said he was pleased Thomas will continue to work with the school's global business programs.
"Under John Thomas, the School of Management grew in prestige while remaining true to the vision of academic excellence and responsive to the needs of students and businesspeople," Simpson said. "John skillfully blended a focus on global business, while emphasizing bringing value to employers across our region. Though we will miss him as dean, and I will miss him personally as a valuable counselor and supporter of UB 2020, John is, and will continue to be, a most able and valued global ambassador for UB and for the School of Management."
Tripathi said the School of Management's rise in reputation regionally and nationally was a testament to Thomas' leadership and "belief in recruiting and retaining excellent faculty and ensuring that students benefit from a rigorous and relevant education.
"Institutionally, our university has benefited tremendously from Dean Thomas' wise counsel and leadership." Tripathi added. "He has been such an integral force in helping to align our institutional perspective with our overarching goal of excellence throughout our tripartite mission. John has been a terrific dean and university citizen; I know the School of Management and our university will continue to benefit from his expertise, wisdom and genuine passion for educational and
scholarly excellence."
Thomas will continue to serve as dean of the School of Management until a successor is hired, Tripathi said. A national search for a new dean will begin this fall.
When he returns to the school's faculty as professor of operations management and strategy, Thomas said he intends to develop new ways to bring into the classroom the school's extensive international expertise and connections.
"I look forward to again concentrating my attention on enhancing the school's global business focus," he said. "The global economic landscape has changed enormously in the five years I've served as dean.
I am excited about bringing to our students and area firms new insights from the international business community."
Among his accomplishments as dean, Thomas strengthened the School of Management's entrepreneurial programs and support for the commercialization of local technologies. He launched the Henry A.
Panasci Jr. Technology Entrepreneurship Competition, which awards start-up capital and services for creation of new technology focused businesses. He strongly supported the growth and development of the school's innovative Center for Entrepreneurial Leadership, which provides educational programs and support for entrepreneurs and local businesses. Thomas also championed the continued growth of School of Management programs abroad, particularly in Asia. Most recently, in June, he created a new master's degree program in IT-enabled services, in partnership with Amrita University and Hewlett Packard in Bangalore, India.
Prior to becoming dean, Thomas served several years as the school's associate dean for international programs and significantly expanded the school's international programming. In 1996, he established the school's first Asian Executive MBA in Singapore, followed by similar programs in China with Renmin University and Motorola. In the early 1990s, with the fall of the Berlin Wall, he also was instrumental in the development of the school's U.S. government sponsored business programs in Latvia and Hungary.
Thomas has been a member of the UB faculty since 1968.
The Wall Street Journal ranks the UB School of Management No. 9 in the nation among schools with strong regional recruiting bases. In addition, BusinessWeek ranks the school as one of the country's top 5 business schools for the fastest return on MBA investment, and Forbes cites it as one of the best business schools in the U.S. for the return on investment it provides MBA graduates.
For more information about the UB School of Management, visit mgt.buffalo.edu.
Release date: Oct. 5, 2007
For more information about news and events at the School of Management, contact Jacqueline Ghosen at 716-645-2833 or ghosen@buffalo.edu.
'Accidental Investment Banker' to Speak at UB
BUFFALO, N.Y. -- Jonathan Knee, author of "The Accidental Investment Banker: Inside the Decade that Transformed Wall Street," will speak at 7:30 p.m. Oct. 25 in the Screening Room in the Center for the Arts on the University at Buffalo North (Amherst) Campus.
Knee's free public lecture, "Is Investment Banking a Profession?," will be sponsored by the University at Buffalo School of Management and the UB Law School. It will be the third annual event in the Gerald S.
Lippes Speaker Series.
Knee is a senior managing director at Evercore Partners. He teaches media mergers and acquisitions and co-teaches strategic management of media at the Columbia University Business School.
Prior to becoming an investment banker, Knee was director of international affairs at United Airlines and served as adjunct professor of law at Northwestern University.
He was a managing director and co-head of Morgan Stanley's Media Group before joining Evercore in 2003. Knee also served as publishing sector head in the Communications, Media and Entertainment Group at Goldman Sachs.
His writing has appeared in The Wall Street Journal, The New York Times, The Washington Post and Los Angeles Times.
Knee's lecture from 7:30-8:30 p.m. will be followed by a question-and-answer session and a book signing. For more information, contact Dorothy Siaw-Asamoah at 716-645-3204 or dasamoah@buffalo.edu.
The Gerald S. Lippes Speaker Series focuses on current issues and topics related to business and finance. The series is part of a larger effort to foster an integrated understanding of the worlds of business and law, and to encourage a collaborative dialogue between business and legal professionals. Funding for the series is provided through the generous support of Gerald S. Lippes.
For more information about the UB School of Management, visit mgt.buffalo.edu.
Release date: Oct.. 5, 2007
For more information about news and events at the School of Management, contact Jacqueline Ghosen at 716-645-2833 or ghosen@buffalo.edu.
School of Management Launches Program in India
BUFFALO, N.Y. -- Helping high-tech managers in India build better business practices is the focus of a new master’s degree program launched by the University at Buffalo School of Management in conjunction with Amrita University in Bangalore, India.
The Master of Science in Management of Information Technology Enabled Services (MITES) will help fulfill the emerging need for highly trained managers in information technology enabled services (ITES). This rapidly growing sector of India’s economy includes services such as call centers, claims processing, medical transcription, accounting and data processing.
“There is a need in India, not only for highly trained engineers and scientists, but also for managers,” said John M. Thomas, dean of the UB School of Management. “Our program will give Indian managers another dimension to their careers.”
The one-year, 31-credit MITES program is a specialized degree that is unique among Indian educational offerings. While several universities in India offer general management degrees, no other degree program is specifically focused on the management of ITES firms.
Hewlett-Packard is helping to fund the program and is initially providing all the students. Classes are taught on weekends by UB School of Management faculty in collaboration with the Amrita faculty.
“In addition to content related to ITES management, students will receive solid grounding in key functional areas of management, such as finance and accounting,” Thomas said. “Plus, they will develop skills in leadership, communication and strategic thinking.”
Thomas said he is extremely pleased at how well the program has progressed in a short time. “There has been huge interest,” he added. “More than 300 individuals applied to the program.”
The program, which began in June 2007, currently has two classes of 35 each running simultaneously to meet the demand.
For more information on the MITES program, contact the School of Management at 716-645-3222.
The Wall Street Journal ranks the UB School of Management No. 9 in the nation among schools with strong regional recruiting bases. In addition, BusinessWeek ranks the school as one of the country’s top 5 business schools for the fastest return on MBA investment, and Forbes cites it as one of the best business schools in the U.S. for the return on investment it provides MBA graduates.
For more information about the UB School of Management, visit mgt.buffalo.edu.
Release date: Sept. 28, 2007
For more information about news and events at the School of Management, contact Jacqueline Ghosen at 716-645-2833 or ghosen@buffalo.edu.
Grocery Retailers Need Not Fear ‘Cherry Pickers’
BUFFALO, N.Y. -- BUFFALO, N.Y. -- "Extreme cherry pickers," grocery shoppers who buy only sale items and nothing else, do not harm retailer profits significantly as generally is believed, according to a forthcoming study in the Journal of Marketing Research.
The study by Debabrata (Debu) Talukdar, associate professor of marketing in the University at Buffalo School of Management, K. Sudhir, professor of marketing at the Yale School of Management, and Dinesh K. Gauri, assistant professor of marketing in Syracuse University's Whitman School of Business, explored several variations of cherry picking to determine how retailer profits and consumer savings were impacted.
Extreme cherry pickers barely affected profits, the study found.
"Grocery retailers' fear of extreme cherry pickers is overblown," says UB's Talukdar. "Extreme cherry pickers make up only 1.2 percent of grocery store customers and they only reduce profits less than one percent."
It is a common practice for grocery stores to put certain items on sale in order to entice customers to shop at their stores, with the assumption that customers will buy others items once they are there.
Some cherry-picking shoppers buy sale items at only one store over a period of time, while others visit different stores across an area to buy sales items.
The researchers found that cherry pickers indeed saved more money than shoppers who were not actively searching for promotions. Store-loyal cherry pickers obtained 68 percent of potential savings in the marketplace. Cross-store cherry pickers over time obtained 66 percent of potential savings. Extreme cherry pickers obtained 76 percent of potential savings.
Even shoppers who were not searching for promotions were able to capture 54 percent of potential savings by sheer chance, the study found.
An expert on product marketing and shopping behaviors, Talukdar's next study will focus on supermarket retailers' product assortment.
The Wall Street Journal ranks the UB School of Management 9th in the nation among schools with strong regional recruiting bases. In addition, BusinessWeek ranks the school as one of the country's top 5 business schools for the fastest return on MBA investment, and Forbes cites it as one of the best business schools in the U.S. for the return on investment it provides MBA graduates. For more information about the UB School of Management, visit mgt.buffalo.edu.
The University at Buffalo is a premier research-intensive public university, the largest and most comprehensive campus in the State University of New York. UB's more than 27,000 students pursue their academic interests through more than 300 undergraduate, graduate and professional degree programs. Founded in 1846, the University at Buffalo is a member of the Association of American Universities.
Release date: Sept. 19, 2007
For more information about news and events at the School of Management, contact Jacqueline Ghosen at 716-645-2833 or ghosen@buffalo.edu.
Community Service Groups get
‘Royal Treatment’ at Volunteer Fair
BUFFALO, N.Y. -- “Serving Those Who Serve Others” was the theme of the third annual Community Service Fair on Sept. 12 in the University at Buffalo School of Management on UB’s North (Amherst) Campus.
Black tie service, limousine transportation, a string quartet and chocolate gifts were among the amenities given to representatives of local community service organizations as they worked their information booths. The event allowed faculty, staff and students to learn more about the volunteer opportunities at participating agencies and to sign up to help.
“We wanted to do something extra for the community service representatives to express our appreciation for what they do,” said Cynthia Shore, assistant dean of corporate and community relations in the School of Management. “Our community is a better place thanks to these people and their organizations.”
One participating agency, Big Brothers Big Sisters, was selected to receive the proceeds of UB’s Graduate Management Association Annual Date Auction to be held in February 2008. Last year’s winner, the Mental Health Association of Erie County, was awarded $3,200.
A number of community service organizations attended, including representatives from Compass House, Meals on Wheels, WNED, Consumer Credit Counseling Services, Crisis Services, Gilda's Club, Hispanics United, American Foundation for Suicide Prevention, Food Bank, Upstate New York Transplant Services, Compeer, Big Brothers Big Sisters, Girl Scout Council and United Way.
John M. Thomas, dean of the UB School of Management, recognize the public-service and community-engagement activities of the school's faculty, staff and students at a luncheon held in conjunction with the community service fair.
“This is just one of several activities that reflect the leadership role the School of Management has taken in UB’s mission to be an active supporter of Western New York’s not-for-profit community,” said Shore.
The Wall Street Journal ranks the UB School of Management 9th in the nation among schools with strong regional recruiting bases. In addition, BusinessWeek ranks the school as one of the country's top 5 business schools for the fastest return on MBA investment, and Forbes cites it as one of the best business schools in the U.S. for the return on investment it provides MBA graduates.
For more information about the UB School of Management, visit mgt.buffalo.edu.
Release date: Sept. 3, 2007
For more information about news and events at the School of Management, contact Jacqueline Ghosen at 716-645-2833 or ghosen@buffalo.edu.
Louis Ciminelli Named
Niagara Frontier Executive of the Year
BUFFALO, N.Y. -- Louis P. Ciminelli, chairman and CEO of LPCiminelli Inc., has been named the 2007 Niagara Frontier Executive of the Year by the University at Buffalo School of Management.
The award will be presented at the 58th annual UB School of Management Alumni Association awards banquet at 5:30 p.m. on Nov. 1 in the Millennium Airport Hotel.
Ciminelli was selected by a vote of past honorees and the board of directors of the alumni association, who cited his career success, civic leadership and professional integrity.
“I sincerely thank the UB School of Management for honoring me with such a prestigious award,” said Ciminelli. “It is truly humbling to be listed among so many great men and women in our community who have previously received this award.”
A 35-year veteran of the construction industry, Ciminelli has combined his civil engineering and construction expertise to establish Western New York’s largest construction group. Once a field superintendent in his father’s organization, Frank L. Ciminelli Construction Co. Inc, Ciminelli now leads 200 full-time professionals and oversees the vision and overall direction of all LPCiminelli Inc. corporate entities.
Ciminelli is a passionate advocate of free enterprise, participating in several local and statewide business organizations. In addition to creating jobs through the success of his company, his notable contributions to the local and regional economy include his prior appointments with the New York State Power Authority, first as a trustee and then as chair. Ciminelli currently chairs the Buffalo Niagara Partnership and is chairman emeritus of 43 X 79.
When not championing local businesses, he lends his support to numerous nonprofits, including cultural groups, schools and other community organizations. He currently serves on the board of trustees of the Buffalo Philharmonic Orchestra, and LPCiminelli annually sponsors the BPO’s Opening Night Gala.
Ciminelli is a member of the Canisius College Board of Regents and the Niagara River Greenway Commission. He has previously served on the Buffalo State College Council, Women and Children's Hospital of Buffalo Foundation and the Regional Advisory Board for Empire State Development.
Ciminelli and his wife, Anne Louise, reside in Buffalo. He has four children and two grandchildren.
Established in 1949, the Niagara Frontier Executive of the Year award is presented annually to an area resident. Past recipients include Robert B. Adam, Harlan J. Swift, Whitworth Ferguson, Robert E. Rich Sr., Robert E. Rich Jr., Seymour H. Knox III, Robert G. Wilmers and Frank L. Ciminelli, the father of this year’s award recipient.
For further information about the awards banquet, contact John Shellum, assistant dean of alumni relations in the UB School of Management, at 716-645-3224.
The Wall Street Journal ranks the UB School of Management 10th in the nation among schools with strong regional recruiting bases. In addition, BusinessWeek ranks the school as one of the country's top 5 business schools for the fastest return on MBA investment, and Forbes cites it as one of the best business schools in the U.S. for the return on investment it provides MBA graduates.
For more information about the UB School of Management, visit mgt.buffalo.edu.
Release date: August 29, 2007
For more information about news and events at the School of Management, contact Jacqueline Ghosen at 716-645-2833 or ghosen@buffalo.edu.
School of Management Moves up 6 Spots
in U.S. News Ranking
BUFFALO, N.Y. -- The UB School of Management has again been ranked as one of the country’s best Undergraduate Business Programs in the 2008 edition of “America’s Best Colleges” by U.S. News and World Report.
The school was tied for No. 71, up six places from last year. It was ranked higher than any other business school in the State University of New York.
The ranking was culled from a list of more than 500 schools accredited by AACSB International - The Association to Advance Collegiate Schools of Business, positioning the school in the top 15 percent of accredited undergraduate business programs.
Results are based on a survey to deans and senior faculty at AACSB-accredited schools. Participants were asked to rate the quality of all programs they are familiar with on a scale of 1 (marginal) to 5 (distinguished).
The U.S News & World Report ranking is one of several in which the school fares very well. The Wall Street Journal ranks the UB School of Management 10th in the nation among schools with strong regional recruiting bases, and BusinessWeek ranks it one of the country's top 5 business schools for the fastest return on MBA investment. In addition, Forbes cites the school as one of the best in the U.S. for the return on investment it provides MBA graduates. For more information about the UB School of Management, visit mgt.buffa