Home > Gazette > October 2006

October 1, 2006

Two Real Estate Faculty Awarded Named Professorships

Two members of the real estate faculty were recently awarded named professorships for significant contributions to their fields of research by the University of Wisconsin Board of Regents.

Stephen Malpezzi was named the Lorin and Marjorie Tiefenthaler Distinguished Chair in Real Estate. Malpezzi's research spans local and international economic development, housing demand and the effects of economic policies on real estate markets. Having advised governments and private organizations on urban policies, Malpezzi is a valuable resource for UW-Madison faculty and students in the business school. The chair was established with an endowment from the Lorin and Marjorie Tiefenthaler Foundation.

Francois Ortalo-Magne was named the Robert E. Wangard Chair in Real Estate. Ortalo-Magne's work in the theoretical interpretation of dynamic equilibrium housing models and in the collection and analysis of novel data sets surrounding the housing market has provided unique insights to the university community. His writings on agricultural policy reform have enhanced his ability to connect with students on a regional, national and international scale. The Robert E. Wangard Chair in Real Estate fund was established in 1998 to support a member of the business school faculty in his or her research.

In Memoriam: Jim Hickman

Jim Hickman, former dean of the School of Business died September 10, 2006. A tribute to his life and many contributions to his profession and the School of Business can be seen at: http://www.news.wisc.edu/12874.html

Those who would like to send Margaret Hickman a card or a note can contact her at jandmhickman@aol.com or by writing to her at:

Margaret Hickman
Apartment 3
2822 Marshall Ct
Madison, WI 53705

Wisconsin MBA Moves Up Nine Spots in Wall Street Journal Ranking

The Wisconsin MBA program moved up nine spots to 25th in the regional category in this year's Wall Street Journal ranking of MBA programs. The Wall Street Journal ranking was published in the newspaper's September 20, 2006 edition and was based on feedback from recruiters. Michigan and Northwestern were the only two Big Ten schools listed in the national category.

To create the ranking, more than 4,000 recruiters were surveyed on their views of schools' programs, placement services and performance of graduates in terms of leadership potential, teamwork skills, interpersonal qualities, and other issues.

"While rankings are an important reflection of how we are viewed, we remain focused on improvement in the fundamental areas of student quality, student satisfaction and placement success," said School of Business Dean Michael M. Knetter.

Knetter pointed to results in those three areas:

• Student quality, as measured by average GMAT score, is 661 for this fall's entering class, up from an average of 635 for students enrolled in 2000.
• More than 85 percent of May 2006 graduates expressed satisfaction with the quality of program curriculum.
• Career placement for May 2006 grads-the first graduating class of the newly designed Wisconsin MBA- was 95 percent within three months of graduation. Starting salaries were up 11.5 percent over the previous year.

School of Business Identity Program Developed

A new identity program to build the School of Business "brand" has been developed and is being implemented as of Oct. 1. A demonstration of the identity program will be offered to all interested faculty and staff at 1 p.m. Tuesday, Oct. 3 in room 4151.

A stylebook with guidelines for identifying the School of Business on the web and in print has been posted at www.bus.wisc.edu/logo. It covers web usage, print usage and provides contacts for any questions concerning the identity program. It also contains downloadable print logos in a variety of formats and a downloadable PowerPoint template with School of Business logo. The stylebook also covers ordering letterhead, envelopes and business cards.

With the new identity program, all School of Business webpages will have a standardized treatment of the UW crest and "University of Wisconsin-Madison School of Business" at the top left corner, to build consistency across the School of Business website. The new template has been implemented on several School of Business web pages, remaining pages will be converted shortly.

In print, how the School of Business and its units are identified is also being standardized. The UW crest will only be used with "School of Business" to build awareness of the School of Business brand. This logo has been used in print since 2003. The change is that unit names will no longer to be used with the UW crest. A new standardized treatment of unit names within the School of Business gives them greater prominence in print than before, but without diluting the School of Business brand.

Print Version: Four-color logo

Pat Seaman, executive director of the Office of Marketing and Communication, said the identity program is an important component of the goal of building the national prestige of the School of Business. "One of the things we discovered when we benchmarked against other top business schools is that they bring a consistent identity to everything they do," she said. "Having a consistent brand identity will make it easier for the School of Business to leverage its marketing efforts and those of the university. We appreciate the input and assistance we've received from many individuals throughout the School of Business to make this new program possible. "

Wisconsin to Partner with CFA Institute

The Applied Security Analysis program has been named a CFA Program Partner by the CFA Institute. Only 21 business schools in the world and four in the United States have received this designation.

Designation as a CFA Program Partner signals to potential students, employers and the global business community that a university's curriculum is closely tied to professional practice and is well-suited to prepare students to sit for the three levels of Chartered Financial Analyst examinations. The designation demonstrates that a program covers at least 70 percent of the CFA Program Candidate Body of Knowledge, the CFA Institute Ethical and Professional Standards and other requirements.

The Applied Security Analysis program at UW-Madison is one of the first applied security programs in the world. Students in the business school's Hawk Center for Applied Security Analysis manage investment portfolios that total more than $44 million. The program has earned national recognition for the number of high-profile, successful fund managers and financial analysts it has produced in its 35-year history.

"Being named a CFA Program Partner is a reflection of the fundamental quality of our Applied Security Analysis program," said Michael Knetter, dean of the UW-Madison School of Business. "The CFA charter has long been the standard among professional finance qualifications. Partnering with the CFA Institute is further demonstration of the outstanding academic and professional qualifications of our graduates."

Professor Mark Fedenia, who has been running the Applied Security Analysis program since 1986, said, "Given that our objectives coincide with those of the CFA Institute, I anticipate our students will derive great benefit from this more formal relationship. Over the years I have had the pleasure of interacting with numerous CFA charterholders and officials of their organization. Their high standards and professionalism provide a beacon for the next generation of investors that come through our program."

Michael Warmuth, CFA, the president of the CFA Society of Madison, predicted the partnership will "strengthen the ongoing collaboration between the local CFA society and UW-Madison in providing education and professional development opportunities for students and investment professionals."

School of Business to Celebrate Construction Kick-off

The School of Business will host a special event to celebrate the kick-off of the construction of the addition to the School of Business. "Expanding Our Foundation for the Future" will be held Saturday, Oct. 14, at 8:30 a.m. in the Grainger Hall atrium. The event will include a tailgate buffet and short program and will include a visit from Bucky, the cheerleaders and the UW Band.

As part of the annual Homecoming Bash, faculty and staff are invited to join alumni and friends for this combined pre-game tailgate party and construction kick-off celebration. Faculty and staff attending the event will receive a complimentary ticket for the buffet. For additional buffet tickets for family or friends the cost is $18 for adults and $8/child. Friends and family are more than welcome to attend the event.

T-shirts celebrating the kick-off will be available for faculty and staff who attend the event and in the dean's office on Thursday, Oct. 12.

FACULTY-STAFF NEWS

Honors/Accomplishments

Professor Joan Schmit, Actuarial Science, Risk Management and Insurance, is a contributing researcher on a project that has just been funded by the Swiss National Science Foundation. The project, "Developing New Risk-Based Capital Standards Across Europe," received an award of approximately $105,000. The principal investigator is Hato Schmeiser, chair for Risk Management and Insurance in the Institute of Insurance Economics at St. Gallen University in Switzerland.

Professor Urban Wemmerlöv, Kress Family Wisconsin Distinguished Professor and Director of the Erdman Center for Operations and Technology Management, has written the fourth most widely cited paper published in the Journal of Operations Management since 1985. The article, "Procedures for the Part Family/Machine Group Identification Problem in Cellular Manufacturing," was co-authored with Professor Nancy Hyer of the Owen School of Management, Vanderbilt University.

Professor Francois Ortalo-Magne, Real Estate and Urban Economics has been named by AFIRE to direct the Annual Foreign Investment Survey, which provides important insights into the activity of foreign investors in the U.S. The survey, which will be released by the association at a conference in New York City in January, will assess the plans, decision factors and opinions of AFIRE members regarding real estate investment opportunities.

Marketing Professor Craig Thompson was one of four faculty members from schools around the world asked to participate last month in a Ph.D. seminar at the University of Southern Denmark - Odense on "Consumption Theory: Canon of Classics." Thompson also presented at a PhD conference of the Association of Consumer Research at the end of September. Thompson chaired two panels of the conference on behalf of Marketing Professor Tom O'Guinn, who withdrew due to health problems.

In July, Assistant Professor Jon Eckhart, Management and Human Resources, gave an invited paper on the relationship between non-commercial and commercial innovation in entrepreneurship at the Max Planck institute for economics in Germany.

Professor Dan Anderson, Actuarial Science, Risk Management and Insurance, participated in a variety of presentations and events in September. He was a speaker on the Global Warming Panel and the Climate Change Panel as well as presenter on "Sustainability Risk Management" at the Advanced Environmental Risk Management Strategies Conference.

Professor Anne Miner, Management and Human Resources, John Hoffman and Peter Munoz were part of a local panel on Sept. 21 at the Pyle Center for the MIT Enterprise Forum/MIT Club of Wisconsin. The panel discussed "Developmental Entrepreneurship Overseas and in Wisconsin." The local panel discussion was part of a MIT Enterprise Forum Global broadcast that examined global entrepreneurship issues.

John Surdyk, director of the Initiative for Studies in Technology Entrepreneurship, authored a chapter of a book. "Business: the Ultimate Resource" is the just published second edition of a one-stop reference tool on business concepts that bills itself as "An MBA between two covers." Surdyk contributed a chapter giving an overview of corporate social responsibility, both as a movement and as a collection of business practices. He explores how many corporate social responsibility practices contribute to economic and social well-being and provides ideas for managers about where to begin their own efforts in this area.

A radio program co-hosted by Joan Gillman, director of Special Industry Programs within Executive Education, premiered Sept. 18 on Madison 1670. "On Air with In Business" airs Monday through Friday from 7 to 8 p.m. Gillman's co-host is Jody Glenn Patrick, publisher of In Business Magazine. The broadcasts are also podcast at Madison1670.com.

Arrivals

Tina Frailey joins the School of Business as public relations director in the Office of Marketing and Communication as of Oct. 13. She comes to the School of Business from the Overture Center for the Arts, where she has been director of press and community relations since 2000. Prior to her work maintaining local and national media relationships for the Overture Center, she spent three years as marketing director of the Madison Repertory Theatre. She earned her M.A. in arts administration from the School of Business in 1997 and a bachelor's of music in music education from James Madison University in 1995.

Jennifer Smet has accepted the position of student services coordinator in the Center for Brand and Product Management beginning Oct. 2, replacing Sarah Tueting.

There's a familiar face in the Copy Center. Carole Volk has returned to the Copy Center as an LTE university services associate 2.

Another familiar face is Susan Sprague, who is back with the Accounting Department as assistant director of the Five-Year Professional Program in Accounting. Judy Schaeffer is a university services program associate B with the Accounting Department.

Departures

Jim Scallon, program assistant supervisor in the Copy Center, will retire Jan. 3. His last day in the office will be Oct. 13.

After six years of service to the Undergraduate Programs Office and the School of Business, Corey Campbell left his position as student status examiner on Sept. 29 to accept another position on campus. Assistant Dean Jo Meier said, "Corey will be missed greatly by the staff of the Undergraduate Programs Office."

Helen Johnson-Leipold Keynoted Family Business Center Celebration

Helen Johnson-Leipold was the keynote speaker for the Family Business Center's 10th anniversary celebration on Sept. 26 at the Fluno Center. The event included the Madison premier of "Through the Eyes of Sam Johnson" - the photography collection of Samuel C. Johnson, Johnson-Leipold's father, who passed away in May 2004.

Johnson-Leipold is the fifth generation of the internationally acclaimed Racine, Wisconsin business family. She runs two companies founded by her father - Johnson Outdoors and Johnson Financial Group. Like her father, she is an active philanthropist, chairing the Johnson Foundation, and Next Generation Now, a cutting-edge child-development center she founded to serve Racine's most at-risk children.

The event was part of a series of events marking the 10-year anniversary of the Family Business Center, which helps business-owning families successfully transfer ownership control to the next generation. The Family Business Center is a membership organization of the Executive Education arm of the UW-Madison School of Business and has assisted hundreds of families since its inception10 years ago.

Real Estate Program Holds Board Meeting, Real Estate Conference

The Wisconsin Real Estate program had a very productive month of September. The Center for Real Estate held its fall board meeting on September 13-14 at the Fluno Center. More than 80 board members, faculty, MBA students and guests attended the meeting, which focused on academic and professional perspectives on real estate markets. Faculty members Stephen Malpezzi, Francois Ortalo-Magne, and Morris Davis presented their research on real estate markets. Board members also enjoyed a unique presentation on enterprise strategy, presented by three internationally known musicians and an MIT-trained economist and strategy consultant. The Center welcomed seven new members to its advisory board at the meeting.

The board meeting was held in conjunction with the 2006 Wisconsin Real Estate Conference, which is sponsored by the Wisconsin Real Estate Alumni Association. The conference had record attendance, with more than 450 alumni and guests attending. During the conference, alumni paid special tribute to Rod Matthews for his 30-plus years of dedicated service to the Wisconsin Real Estate program by presenting him with the first WREAA Excellence in Teaching Award.

In other Real Estate news, Marshall Scallan, a second-year Real Estate MBA student, was awarded a $5,000 scholarship from the Pension Real Estate Association.

IN THE NEWS

A Wisconsin MBA student was mentioned on The Wall Street Journal's careerjournal.com. site in a Sept. 9 article, "How to Write an Admissions Essay that Can Pave the Way to B-School," Jennifer Hackett, a second-year MBA detailed her application process for the Wisconsin MBA. [See this article]

The Wall Street Journal featured a story on Sept. 18 examining CEOs and their college origins. The article "Any College Will Do" mentioned that the University of Wisconsin-Madison has produced more CEOs than its Ivy League counterpart, Harvard. A follow-up column on the same topic focused on the Wisconsin vs. Harvard angle appeared in the Sept. 25 Wall Street Journal. [See the Sept. 18 article]

Deborah Mitchell, a senior lecturer in marketing and executive director of the Wisconsin Enterprise MBA Program, was quoted in USA Today. The Sept.1. article, "Just browsing at the mall? That's what you think" outlined the ways in which retailers lure shoppers.

The Milwaukee Journal Sentinel quoted Stephen Malpezzi, real estate department chair, in an article titled "Housing values slow suddenly" on Sept. 5. The article detailed the dramatic slowdown in housing prices. [See this article]

The Wisconsin State Journal wrote a feature Q & A on Joan Gillman, who directs Special Industry Programs in Executive Education. The article, "Joan Gillman: She puts wind in the sails of entrepreneurs," reviews Gillman's long career with the School of Business and illuminates her accomplishments. [See this article]

A recent UW-Madison School of Business graduate, Andrea Hellenbrand, was interviewed on Channel3000 on Aug. 31 in "Keeping Recent Grads in State. "The story focused on why many Madison graduates leave Madison and Wisconsin to head for metropolitan areas such as Minneapolis or Chicago. [See this article]

The opening of the Accenture Leadership Center at the School of Business was prominently featured in a variety of newspapers. The Wisconsin State Journal, Capital Times and Badger Herald included articles detailing the new center and the benefits its programs will provide School of Business undergraduate students. [See these articles: Wisconsin State Journal, Capital Times, Badger Herald]

The Applied Security Analysis Program was mentioned in the Milwaukee Journal Sentinel, the Wisconsin State Journal and the Badger Herald for being named one of only 16 programs in the world and three in the U.S. as one of the CFA Institute's CFA Program Partners.

The Milwaukee Journal Sentinel, the Wisconsin State Journal and Capital Times covered the Executive Education's Economic Outlook Conference held at the Fluno Center. [See these articles: Milwaukee Journal Sentinel, Wisconsin State Journal, Capital Times]

Neeraj Arora, a professor of marketing research, was quoted in "Driving won't climb as gas prices fall" on Sept. 18 in the Wisconsin State Journal. The article discussed the many reasons that there will not be an increase in travel despite low gas prices. [ See this article]

The Wisconsin State Journal and The Badger Herald included articles about former Dean James Hickman after his death on Sept. 10. [See Wisconsin State Journal article]

The Accenture Leadership Center was feature in the Sept. 20 issue of the Wisconsin State Journal in the article "Learn to Lead." The article details the layout of the program as well as quotes from marketing undergraduate Jen Zaidel and retired Accenture partner, Jim Wierzba. [See the article]

Kersi Antia, assistant marketing professor, was quoted in "Jellyfish.com: Web Shopping Site in Madison" in the Wisconsin State Journal on Sept. 23. Antia comments on the new search engine "Jellyfish.com" that is an Internet comparison-shopping service. [See this article]

The Wisconsin State Journal and the Capital Times mentioned the UW-Madison School of Business MBA Program 25th place ranking, up nine places from last year's ranking, in The Wall Street Journal's regional ranking of MBA programs. [See these articles: Wisconsin State Journal, Capital Times]

Wisbusiness.com featured a question and answer session with John Neis, an Applied Ventures Entrepreneurship Program advisory board member, on Sept. 22 titled "Venture Investors' Neis a Key Player in Growth of Many State Firms." The article discussed Neis' current position and his own opinions and predictions about the future of the industry. [See this article]

The Women In Business Council golf outing was mentioned on wisbusiness.com for raising $10,000 for Women MBA scholarships. [See this article]

Mark Matosian, director of Graduate Student Services, was quoted in an article in The Badger Herald on Sept. 25 that examined a national study on cheating in business schools. [See this article]

Prospective MBA Student Weekend Set for October 19-21

Faculty and staff are welcome to participate in this year's Prospective MBA Student Weekend, on Oct. 19-21. The event is designed to expose prospective MBA students to academic, professional and social elements of the Wisconsin MBA experience. Activities include career specialization and MBA Career Services presentations, classroom expositions, campus and Grainger tours, alumni panels and various social activities. The Prospective Student Weekend also provides an opportunity for MBA program directors to interact with prospective students casually and in pre-arranged admission interviews.

The Prospective MBA Student Weekend agenda is available here. Please RVSP to Betsy Kacizak by Oct. 15 if you plan on attend any events where meals will be served.

Dean's Open Office Hours

Dean Michael M. Knetter will hold open office hours from 3 to 4 p.m. on the following dates this fall:

Wednesday, Oct 4
Wednesday, Nov. 1
Tuesday, Dec. 5

Golf Outing Raises $10,000 for Women MBA Scholarships

The 2nd Annual Women in Business Council Golf Outing held on Aug. 21 raised more than $10,000 for scholarships for women MBA students at the UW-Madison School of Business. The Women in Business Council (WIBC) is an advisory group to the dean of the School of Business. Next year's golf event will be held on Aug. 20, 2007. For information about WIBC's Nov. 16 Fall Seminar, "Work-Life Balance: Changing the Model," contact Marian C. Walluks at 221-1374 or marianwalluks@sbcglobal.net.

Partners in Giving Campaign

Partners in Giving is a once-a-year, cooperative "on the job" campaign that allows State of Wisconsin, University of Wisconsin, and University Hospital & Clinics employees in Dane County to give conveniently to their favorite charitable organizations. It combines the efforts of 10 umbrella organizations, representing hundreds of charities, into one seven-week campaign that runs from Oct. 9 to Nov. 30.

The pledge form for the 2006 Partners in Giving campaign was distributed last week. Please submit your pledge form to the Dean's Office, 5110 Grainger Hall. You will be eligible to win Men's Hockey tickets provided by UW Athletics with the submission of your pledge form. You are not obligated to contribute - you can submit the form with a $0 contribution and be eligible for the drawing.

You can find a brief description of each participating umbrella and charity in your Partners in Giving booklet. You also can follow links in the Participating Charities at http://www.secc.wi.gov/ to the home pages of many of these organizations.

CIBER Offers Three Programs in October

The Center for International Business Education and Research (CIBER) will cosponsor three programs this month.

Candidates' Global Affairs Forum:

Second Congressional District Incumbent Rep. Tammy Baldwin (D) and Candidate Dave Magnum (R)
Sunday, Oct. 8, 4-5:30 p.m.

Develop a Successful Export Strategy

Tuesday, Oct. 10, 11:30 a.m.-2 p.m.

Wisconsin Biotechnology and Medical Device Association Annual Conference:

Biotechnology - The Future Is Now
Thursday, Oct. 12

For details on these programs, go to CIBER.

About the Gazette

The next issue of the School of Business Gazette will be distributed Nov. 1. Submissions should be sent by Oct. 26 to Lari Fanlund, lfanlund@bus.wisc.edu.