UCR School of Business 2018 Dean's Report

DEAN‘S REPORT 2017-18

School of Business A. GARY ANDERSON GRADUATE SCHOOL OF MANAGEMENT 2017-18 ucr business Dean’s Report

BUSINESS.UCR.EDU AGSM.UCR.EDU

Diana Cullen, MBA ‘18 Tomiwa Tosin-oni, MBA ‘18

Downtown Riverside, California

University of California Riverside School of Business

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From the dean As we rise in the national rankings for both our graduate and undergraduate business programs, we are laying the foundation for a new era at UC Riverside School of Business. This year we publicly launched our five-year strategic plan, “The Pursuit of Excellence.” This ambitious plan outlines our commitment to strategic investments in leading faculty, academic programming, student services, alumni and community engagement, and a new School of Business building complex.

At UCR School of Business, we believe a research business school should be a catalyst for economic growth in the communities it serves. To this end, our Center for Economic Forecasting & Development had a direct impact on bringing the California Air Resources facility (CARB) to UCR. CARB broke ground October 27, 2017, on a key $419 million research and testing facility that will bring 400 knowledge-based jobs into our community in Inland Southern California.

Dean Yunzeng Wang professor Dean‘s Distinguished Scholar in Supply Chain management

• Endowment gift equaling $1.75 Million to benefit students, faculty, and teaching, from UCR alumni.

• Five new faculty hires in Supply Chain Management, Marketing,

School of Business University of california riverside

Finance, and Accounting.

• 90% Job Placement Rate with our full-time MBA program.

• Enrollment record in our full-time MBA graduate program.

• Dean’s Speaker Series sets attendance record at 700 attendees.

• Entered the planning phase of a new School of Business building complex.

on the cover: Jamie Linares, B.S. ‘18 Ian Schnur, MBA ‘19

2017-18 ucr business Dean’s Report

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Numbers National Rankings & Statistics

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faculty

New Hires in Accounting, Finance, Management, and Marketing

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$1Million

Supply Chain to Opportunity

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new building State-of-the-art New Building Complex campaign launched

University of California Riverside School of Business

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Excellence “The Pursuit of Excellence,“ 2017-22 Strategic Plan

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Programs

Top 100 Business School in both undergraduate and graduate programs

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Diversity

Embracing our differences and learning from them

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Community

Dean‘s Speaker Series 5th Annual Youth Literacy Summit

2017-18 ucr business Dean’s Report

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top100

top100

— 2018 U.S. News & World Report

— 2018 U.S. News & World Report

Best graduate business program

Best undergraduate business program

EMPLOYMENT REGIONS

4%

6%

Other US Regions

33% International

57%

$57,143

$63,105

$71,381

$83,375

58%

64%

88%

90%

California & West Coast

2013

2014

2015

2016

2013

2014

2015

2016

$83,375 MBA AVERAGE STARTING SALARY

90%

MBA’S EMPLOYED WITHIN 3 MONTHS

University of California Riverside School of Business

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East Coast

#1

Largest undergraduate Business program in the University of California system

Top10

Top 10 Business School for Minority Opportunities Princeton Review 2016

#4

Most Diverse University Forbes 2016

90% Employment Rate for full-time MBAs 3-months post-graduation

Ian Schnur, MBA ‘19 Lieutenant, US Navy

by the

numbers

2018 U.S. News & World Report UCR Business achieves Top 100 ranking in both Graduate and Undergraduate programs.

EMPLOYED BY TOP COMPANIES Dell, Inc. Bank of China Cathay Bank Disney Resort, Shanghai Kaiser Permanente Pricewaterhouse Coopers Prudential Toyota US Government Vanguard

TOP BUSINESS SCHOOL for Employment in Southern California 2017-18 ucr business Dean’s Report

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Professor of Marketing

Associate Professor of Accounting

Ashutosh Prasad

Ivy Zhang

Dr. Prasad earned his Ph.D. and M.S. from the University of Texas at Austin and an MBA from the Indian Institute of Management Calcutta, India. He is joining us from the University of Texas at Dallas.

Dr. Zhang earned her Ph.D. in Business Administration from the University of Rochester and an M.S. in Applied Economics from the University of Rochester. She is joining us from the University of Toronto.

University of California Riverside School of Business

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Associate Professor

Hai Che

Dr. Che earned his Ph.D. in Marketing, and M.S.B.A. in Management from Olin School of Business, Washington University. He has an M.A. in Economics from the University of Toronto, Canada, and an M.A. in Finance, and B.A. in Economics from Fudan University, Shanghai, China. He is joining us from Indiana University in Bloomington.

Assistant Professor

Assistant Professor

Dr. Ingram earned his Ph.D. in Employment Relations and Organizational Behavior from London School of Economics and Political Science London. He has an M.S. in Industrial and Organizational Psychology from Missouri State University Springfield, and a B.A. from Texas A&M University College Station, TX.

Dr. Richey earned his Ph.D. in Financial Economics from Claremont Graduate University, and his MBA from California State University, San Bernardino.

kyle ingram greg richey new

faculty 2017-18 ucr business Dean’s Report

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$1MILLION

SUPPLY CHAIN TO OPPORTUNITY As an expert in supply chain management and international trade, James Lin, Managing Director at Logistics Team & SB Freight, wanted to increase the local braintrust and expertise in an industry that directly effects the health of the region’s economy. Mr. Lin created the “Logistics Team Presidential Chair in Supply Chain Management,” at UCR School of Business with a generous award that will be matched by the Office of the President, raising the total gift to $1,000,000.

Logistics Team started as a family business in 1989, operating three trucks and a small warehouse in Southern California. Under the leadership of its innovative and dynamic president, James Lin, Logistics Team is now an established and full-service global company with a diverse offering of strategic locations and partner facilities across the United States and Asia. As specialists in retail distribution, fulfillment, reverse logistics and transportation, Logistics Team plays a vital role in supply chain management, delivering product and information quickly and accurately.

James Lin was born in China, but spent his early childhood in Argentina. In 1989, he and his family moved to the United States, where they founded Logistics Team. Mr. Lin assumed the role of President of Logistics Team in 2005 and grew revenues from $16M to $120M by 2013. Today, in addition to the logistics services, his business ventures University of California Riverside School of Business encompass real estate, software development and leasing. Mr. Lin serves as an advisor to California universities

on international business and is a member of the International Warehouse Logistics Association (IWLA).

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James Lin, Managing Director at Logistics Team & SB Freight

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“We are pursuing LEED Platinum Certification, the highest rating of energy-efficiency and sustainability, with this new building complex.“ Asst. Dean DeBolt Project Manager

FLAGSHIP BUILDING COMPLEX Visible from Interstate 215 and R60 by approximately 250,000 unique motorists monthly, the new UCR School of Business building will be a state-of-the-art flagship facility serving as a hub for learning, innovation, and community engagement.

University of California Riverside School of Business

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New UCR school of business

building

LEED Platinum Certified State-of-theArt Facility enters the Planning Phase.

“Much more than another building on campus, the UCR Business complex will be a ‘destination‘ for the inland Southern California region.“

— Dean Wang

NEW FOUNDATIONS The new building complex will house the entire School of B usiness, which includes the A. Gary Anderson Graduate School of Management, the Center for Economic Forecast and Development, the planned Center for Supply Chain and Logistics, and the undergraduate business program.

UCR School of Business has the largest undergraduate business program in the University of California System.

The proposed rooftop restaurant and the 800 seat performance auditorium will make the new School of Business building one of Southern California’s “go-to” locales! Celebrating our rich diversity, the rooftop restaurant will feature in both its cuisine and décor, an eclectic mix of cultures that are dominant in the Riverside community.

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The Honorable Anthony Rendon Speaker of the California Assembly

$419M Research and testing facility comes to ucr The UCR School of Business Center for Economic Forecasting and Development is the first world-class forecasting center in the Inland Southern California region. It provides economic leadership and insights for the region, one of the country’s most vital growth areas. The Center brings the full resources of a leading research University to bear in creating modern, first-rate economic forecasts and development products.

The Center for Economic Forecasting & Development had a direct influence on the decision to bring the California Air Resources facility (CARB) to UCR. The CARB broke ground October 27, 2017, on a key $419 million research and testing facility that will also be the board’s Southern California headquarters. This move represents a $419 million investment and brings 400 knowledge-based jobs into the local community.

University of California Riverside School of Business

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EMV:

$500,000+

Event:

Annual Economic Forecast

Event:

Mid-year Conference SB

Report: Quarterly Regional Intelligence Rpt Report: Monthly Employment Reports Report: Regional Business Activity Index Report: Minority Business Report Report: Series White Papers

Bruce Atlas COO, Ontario International Airport Authority

Center for Economic forecasting and

development

Building a deeper understanding of the economy of Inland Southern California, revealing the region‘s significance to the state & the nation, and supporting the region‘s economic advancement and expansion.

Dean Yunzeng Wang

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8th annual inland empire economic forecast

conference

“California’s Next Metropolis” was the theme for this year’s UCR School of Business Economic Forecast Conference. The 8th annual event took place on October 25, 2017, at the downtown Riverside Convention Center. The conference was headlined

by Speaker of the California Assembly and UCR almnus, The Honorable Anthony Rendon. The program combined a new economic forecast with a deep look at the long-term future of Southern California. The conference attracted hundreds of government and business leaders from across the region.

Director Chris Thornberg addresses the conference audience

Allison Mackenzie

University of California Riverside School of Business

Director Chris Thornberg

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Honorable Anthony Rendon

Paulette Brown, The Honorable Anthony Rendon, and Chancellor Wilcox with local high school students

Robert Kleinhenz

Chancellor Kim Wilcox

Wendell Morris

2017-18 ucr business Dean’s Report

Dean Wang and Paulette Brown

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We pursue excellence in all we do by cultivating our environment, engaging our community, and empowering our Our ongoing focus on scholarship in discovery, practice, and

ENGAGEMENT

Increased engagement brings greater opportunities for all stakeholders, and in the process, improves our THE PUR environment.

EXCELL

We pursue by building our maximizing E and motivating in all w

CORE VALUES We accomplish our mission by adhering to our School’s core values.

INCLUSION: We celebrate the diversity of our institution and the Inland Southern California region, and embrace our differences as a source of strength and wisdom.

INTEGRITY: We adhere to strong ethical and moral standards, as they are consistent with the values that are core to our identity.

INNOVATION: We empower our stakeholders to imagine, develop, and implement new ideas and solutions that address challenges facing individuals and businesses in the global economy.

COLLABORATION: We are committed to a working environment based on respect, trust, and mutual support, and we use our knowledge and abilities to contribute to humanity.

University of California Riverside School of Business

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EMPOWE

We are committed to a our students, facult to achieve ex better eng

stakeholders. Our drive for excellence is bolstered by these pillars of Environment, Engagement and Empowerment. integration drives us to reach for the highest levels of achievement.

Projekt: Building Client: Investship

2017-22 STRATEGIC PLAN THE PURSUIT OF Cost:

$ 45.569.874

EXCELLENCE Time:

7 months

We pursue Excellence by building Item 1: 8.254 our Environment, maximizing Engagement, Item 2: $ 610and / qmmotivating Empowerment in all we do.

ENVIRONMENT

Each day we work together to create an inviting, respectful, and R S UI T O F inspiring environment empowered by the relationships we form.

Excellence

LENCE

r Environment, Engagement, Empowerment we do.

ERMENT

culture that empowers ty, staff, and alumni xcellence and gagement.

UCR School of Business is poised to become the next great University of California business school. UCR School of Business is the flagship business school of Inland Southern California and we are building upon that reputation to become an internationally recognized center of business education and research.

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Timothy Gubler

Elodie Goodman

Assistant Professor of Management

Associate Professor of Operations and Supply Chain Management

Gubler, T., Larkin, I., Pierce, L., 2017. “Doing Well by Making Well: The Impact of Corporate Wellness Programs on Employee Productivity.� Forthcoming at Management Science.

Adida, E., F. Bravo, 2017. Contracts for Healthcare Referral Services: Coordination via Outcome-Based Penalty Contracts.

Forthcoming at Management Science.

Adida, E., H. Mamani, S. Nassiri. 2017.

Bundled payments vs. Fee-forservice: Impact of Payment Scheme on Performance. Management Science.

University of California Riverside School of Business

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Top journals

research

A UTD Research Rankings Top 100 Business School

Jerayr ‘John’ Haleblian, Associate Dean, Professor of Management Pan, Lingling, McNamara, Gerry, Lee, Jennifer, Haleblian, Jerayr, and Devers, Cindy. In Press. Market reactions to CEO language after earnings calls. Strategic Management Journal.

Haleblian, Jerayr, Pfarrer, Michael, and Kiley, Jason. In Press.

High Reputation Firms and Their Differential Acquisition Behavior. Strategic Management Journal.

Subramanian Balachander Professor of Marketing Albert O. Steffey Chair

Liu, Y., J. Li, H. Chen and S. Balachander (2017).

“The Effects of Product Design on Demand and Marketing Effectiveness: The Role of Segment Prototypicality and Brand Consistency,” Journal of Marketing.

Balachander, S., E. Gal-Or, T. Geylani and A. Kim (2017). “Provision of Optional versus Standard Features in Competition,” Journal of Marketing.

Pfarrer, Michael, Kiley, Jason, and Haleblian, Jerayr. 2017.

Prestigious firms make riskier acquisitions than other firms.

Harvard Business Review.

Thomas Kramer, Associate Professor of Marketing Mukherjee, Sayantani, Thomas Kramer, and Katina Kulow (2017), “The Effect of Spicy Gustatory Cues on VarietySeeking,” Psychology & Marketing.

Hyun ‘Shana’ Hong, Assistant Professor of Accounting Hyun Hong, Jeong-Bon Kim and Michael Welker. “Divergence of Cash Flow and voting Rights, Opacity, and Stock Price crash risk: International evidence.” Forthcoming at Journal of Accounting Research.

Hyun Hong, Yongtae Kim, and Gerald J. Lobo. “Does Financial Reporting Conservatism Mitigate Underinvestment?”

Forthcoming at Journal of Accounting, Audit and Finance.

Ashish Sood, Assistant Professor of Marketing Sood Ashish and V. Kumar (2017), “Analyzing Client Profitability across Diffusion Segments for a Continuous Innovation,” Journal of Marketing Research, forthcoming.

2017-18 ucr business Dean’s Report

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EDITO

TO JOUR

Dr. Thomas Kramer, an associate professor of Marketing, has been re-appointed for a second 3-year term to serve as Associate Editor for Research Reports for the Journal of Consumer Psychology (JCP) starting January 2018, and he has been appointed for a first 3-year term to serve as Associate Editor for the Journal of Consumer Research (JCR) starting January 2018.

University of California Riverside School of Business

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ORS OF

OP NALS

Dr. Ashish Sood, an assistant professor of marketing, has been selected to serve as a member of the Editorial Review Board for the top-ranked marketing journal, Journal of Marketing (JM). He is also serving as a member of the Editorial Review Board for the Journal of the Academy of Marketing Science (JAMS).

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Puya Kahhali Ph.D.School Student in Management University of California Riverside of Business

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TOP 100 P R OG R A M Tomiwa Tosin-Oni MBA ‘18

A. Gary anderson graduate school of management

graduate p r o g r a m s

Ranked #93 Nationally by U.S. News & World Report

QUALITY BUSINESS EDUCATION IN SOUTHERN CALIFORNIA: MBA, FLEX MBA, MPAC, MFIN With a Top 100 nationally-ranked and internationallyrecognized MBA program, the AACSB-accredited A. Gary Anderson Graduate School of Management (AGSM) at the UCR School of Business, is one of the fastest growing graduate business schools in Southern California, shaping the future by developing leading thinkers who will stand at the forefront of business growth.

UCR School of Business offers a full-time and part-time MBA, Master of Finance, Master of Professional Accountancy, and a Ph.D. program. UCR School of Business’s graduate and undergraduate programs are both ranked within the Top 100 of all business schools nationwide.

MBA

Marissa Voss MBA ‘18

Flex MBA Jeff Strong MBA ‘18

MFIN

Ziqi Chen MFin ‘18

MPAC

Yuqian Guo MFin ‘18

PhD

Inna Smirnova

2017-18 ucr business Dean’s Report

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Jamie Linares B.S. ‘18

University of California Riverside School of Business

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TOP 100 UNDERGRADUATE PRO G R AM

LARGEST UNDERGRADUATE BUSINESS PROGRAM IN THE UNIVERSITY OF CALIFORNIA SYSTEM With the largest undergraduate business program in the UC system, UCR’s School of Business strives to educate students in the art and science of management. The business administration degree from UCR is an exclusive professional degree, and students have the ability to get a job in the area they studied the moment they graduate from the university.

With the help of a highly-regarded faculty and advising team, UC Riverside is dedicated in ensuring student success.

Top 100

Nationally Ranked Program Paige Quine, B.S. ‘18

#1 in UC

Largest Program in UC Samuel Fitzsimmons, B.S. ‘17

At our world-class research university, we propel researchbased innovation and support the sustainable growth of Inland Southern California, one of the most diverse and intriguing sectors of the global economy.

MBPP

Master of Business Preparation Program Ben Lin, MBPP ‘18

uc riverside school of business

undergraduate p

r

o

g

r

a

m

Largest Undergraduate Business Program in the University of California System Brian Murillo B.S. ‘17

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2017-18 ucr business Dean’s Report

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5 CONSECUTIVE FIRST PLACE FINISHES IN INTERNATIONAL COMPETITION

University of California Riverside School of Business

Professor Sean Jasso with team captains, Alyssa Stump (BS ‘17, MBA ‘19) and Shayne Bradshaw (MBA ‘17) 27

1st Place

2017 First Place for Outstanding Performance

1st Place

2016 First Place for Outstanding Performance

1st Place

2015 First Place for Outstanding Performance

1st Place

2014 First Place for Outstanding Performance

1st Place

2013 First Place for Outstanding Performance

UCR School of Business fielded two teams of undergraduate and graduate students at the 2017 International Collegiate Business Strategy Competition (ICBSC) in Anaheim, California.

This year, we are proud to announce that our teams won Best Overall Performance, Second Best Overall Performance, and second for Best Business Document.

During the months before the competition, teams developed product

prototypes,

strategic

business

plans,

income

statements, balance sheets, and annual reports all reviewed by

first place in international

competition

Five-in-a-row first place finishes for UCR Business at International Collegiate Business Strategy Competition.

a board of directors. When in Anaheim, teams made quarterly decisions for a “two year period” culminating a rigorous presentation, prepared on site to their board of directors.

Led by Dr. Sean Jasso, UCR School of Business teams have placed in the top tier categories for five consecutive years participating in ICBSC.

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Top10 #4 Top 10 Business School for Minority Opportunities Princeton Review 2016

Most Diverse University Forbes 2016

“We celebrate our differences because we understand that we learn best from them.“ — Dean Yunzeng Wang

this is who we are Diversity is not an abstract concept at the University of California Riverside School of Business. It is a source of strength and pride for our students, faculty, staff, alumni, administrators and community at large. Awareness of, and a focus on, inclusion is imbued in all we do and reflects a historical commitment to the value of inclusive excellence and difference that matters. The senior leadership of UCR is racially and ethnically diverse. Forty percent are women. Many are first-generation college graduates, several were born outside of the United States, and a wide range of faith traditions are represented. Among the group are individuals who are members of the LGBT community and U.S. veterans.

University of California Riverside School of Business

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learning from our differences

diversity

UCR School of Business is in the Top 10 for Minority Opportunities.

University of California Riverside is #4 for diversity nationwide.

Hispanic: 40.8% Asian: 34.2% White: 12% Multi-racial: 5.7% African American: 3.6% International: 2.5% Native American: 0.1%

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GOING BIG DOWNTOWN! The UCR Business Dean‘s Speaker series invites in-demand business leaders who have achieved national and international prominence in their respective fields to share their stories and expertise. This public forum brings a diversity of cultural, political and economic perspectives to UCR and the the greater Riverside community.

The 2016-17 season brought Mark Rampolla, Founder of Zico Coconut Water; Candace Wiest, President & CEO of West Valley Bancorp Inc.; and Paran Johar ‘93, Global CEO of Modern Marketing Summit.

Hosted at the Fox Performing Arts Center, the series drew audiences of over 700 from UCR and Inland Southern California.

University of California Riverside School of Business

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2017 DEAN‘S SPEAKERS 2017-18 ucr business Dean’s Report

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University of California Riverside School of Business

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youth financial literacy program

next gen

250 local high school students attended the 5th Annual UCR Business Youth Financial Literacy Summit.

TEACHING TOMORROW‘S

GENERATION TODAY

On October 25, 2017, UCR School of Business held its 5th Annual Youth

Event Sponsor: Bank of America

Financial Literacy Summit at the Riverside Convention Center. The Youth Literacy Summit is held annually in conjunction with the UCR School of

Students: Over 250 High Schoolers

Business Economic Forecast Conference. UCR Business invites high school students from the region to attend the seminar on financial literacy

Schools: 20 Different High Schools

where attendees learn about subjects from personal finance to how to fund a college education. Approximately 250 local high school students

Counties: Riverside & San Bernardino

volunteered to participate in the seminar. After the morning youth session, students attended a portion of the main event, the 8th annual 2017 Economic Forecast Conference, in the Riverside Convention Center‘s main exhibit hall.

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School of Business University of California Riverside School of Business

University of California Riverside School of Business Anderson Hall, 900 University Avenue Riverside, California 92521