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World is Our

Fall 2009

The Inaugural Edition for the University of Michigan-Flint

Advisory Board

Larry R. Nichols, Chair

Former President & CEO, Oakland Commerce Bank Executive-in-Residence, UM-Flint School of Management

David Jones

Dave Gibbons, Co-Chair

Teri Irland Munley

Mark J. Antakli

Robert B. Light

Managing Partner - Flint Office, Plante & Moran, PLCC Vice President, Intraco Corporation

Philip D. Bahr

CPA, Managing Principal of Troy, Rehmann

Michael Burke

Area Manager, Vice President, Chase Bank

Samuel J. Cox

Vice President, Paragon Corvette Reproductions First Vice President/Division Manager, Bank of America

Kimberly A. Mahard

CPA, Runyan & Galloway P.C.

Jerry Mansour

Vice President, Mansour Development

John Potbury

Owner, McDonald’s

Special Assistant Prosecuting Attorney, Genesee County Prosecutors Office

Erik Eastman

Michael Rachor

William A. Golling

JoAnne Shaw

Cathleen E. Hale

Sheila Smith

Vice President Marketing, Beacon & Bridge President, Golling Chrysler, Jeep Dodge General Supervisor of Industrial Engineering, Plant 2, Delphi

Clifford H. Hart

Attorney, Law Offices of Clifford H. Hart

William R. Hartman

Retired President & CEO, Citizens Republic Bank Corporation


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CEO, Rachor Investment Advisory Services, Inc. President and CEO, The Coffee Beanery Advertising Sales Consultant, The Flint Journal

Paul Wenstrom

First Vice President, Investments Merrill Lynch

Samuel R. Winegarden

Executive Director, General Motors Corporation

Marie Zuk

Consultant, Convergent Technology Partners


[Table of ]

Dean’s Message ........................................................................................................ UM-Flint BBA Goes Global ................................................................................. The World is Our Classroom ................................................................................. Inaugural Business Appreciation Dinner ............................................................... Faculty News ........................................................................................................ Student News ........................................................................................................ Alumni Profile ........................................................................................................ India’s New Class of Billionaires ............................................................................. SOM Announces Two New Centers ...................................................................... Faculty Publications ................................................................................................

4 5 6-7 10-11 12-15 19-21 22 23-24 26-27 29-30

Contributors: Nicole Borcherding, Mel Serow and Kristen Ochomogo Fa l l 2 0 0 9 B u s i n e s s B r i d g e s




elcome to the inaugural edition of Business Bridges, a magazine designed to provide you important information about our school, including many new initiatives. For instance, we have chosen both international business and entrepreneurship as two foundations to establish a substantial reputation (in addition to our traditional areas of excellence) for the School of Management. These initiatives reflect the 21st century economy, and the educational needs of our students and community. This issue will feature many of our international business activities, including an undergraduate International Business concentration, study abroad programs and meaningful relationships with universities abroad. This past year also included the establishment of two Centers: the Michigan Family Business Center and the Michigan Center for Entrepreneurial Leadership. These Centers highlight our continued commitment to our community, a strategy of working with established firms to make them even more successful and help to grow the Michigan economy. Our reach is throughout central and southeastern Michigan. We also celebrated excellence in Michigan businesses with our inaugural Business Appreciation Dinner. The first Economic Forum luncheon, cosponsored with the Rotary Club of Flint, was likewise well received. Business Bridges also provides features and information on our School of Management alumni, current students, faculty, staff and community outreach. Just like an annual report, we are covering the past year. We have many new initiatives this forthcoming year, so please visit often. On behalf of the faculty, staff and students, thank you for taking the time to read about the School of Management. We are always interested in your opinions and comments. Best regards,

John A. Helmuth, Ph.D., Dean


B u s i n e s s B r i d g e s Fa l l 2 0 0 9

Flint ]

[ UM-

BBA Goes

As we recognize the importance of a global economy, the demand for individuals who understand the nature of international business is higher than ever and expected to increase in coming years. As a result, SOM is offering a new international business concentration within the Bachelor of Business Administration (BBA) Degree Program. “The new concentration is designed to prepare students to assume general management positions and learn to make decisions within the context of a global economy,” said SOM Dean Jack Helmuth.

International business courses will focus on developing an understanding of the differences between domestic and international business and the global trade and investment environments. Additionally, students will learn to recognize cultural, ethical and other issues that arise when firms engage in international business. Through this new program,


students will not only be academically prepared to succeed in this ever interconnected world, but will also be required to complete a global experience through a study abroad course or an internship at a multinational company. “This concentration is expected to attract more students into our school’s BBA program, including international students,” said Yener Kandogan, Associate SOM Dean and Associate Professor of International Business. The new BBA with an international business concentration joins a long list of programs offered by the School of Management that are designed to better prepare UM-Flint students for the global economy and attract students from around the world to study on the Flint campus. Current programs are built on strong relationships in Russia, Korea, India, Taiwan and China.

This concentration is expected to attract more students into our school’s BBA program, including international students. —Yener Kandogan, Associate SOM Dean

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World is Our

[ From Michigan to Moscow ]

A group of University of Michigan-Flint MBA students had a lesson in global economy that was unlike anything they would have ever learned in the classroom. As part of the School of Management’s (SOM) study abroad program, thirteen students traveled to Russia for a hands-on look at the market in Russia.

“Moscow has to be one of the most energetic and dynamic cities in the world right now,” SOM Professor Dr. Mark Perry said. “Moscow is now like New York City on steroids, because of the explosion of economic activity there, the significant growth of the consumer market, and the incredible construction boom. The rise of the market economy in Russia, especially in Moscow, during the last several decades following the collapse of the Soviet Union, is probably one of the most important and remarkable episodes of economic growth in human history, and for our students to be there and witness it first-hand is something they’ll remember for the rest of their lives.” Dr. Perry accompanied the students on their ten-day journey. The trip’s itinerary included meetings with high level government and business leaders in both Moscow and Togliatti, Flint’s sister city. In a period of just ten days, the students met with many top officials, including: the U.S. Ambassador to Russia, President of GM Russia, President of the American Chamber of Commerce in Russia, President and Managing Director of Ford Motor Company Russia, and the Director of the Corporate Sector of the European Bank for Reconstruction and Development in Russia.



The students also participated in tours at the AutoVAZ facility, the AutoVAZ-GM joint venture facility, various GM and Ford auto dealerships in Moscow, a commercial bank, and universities in both Togliatti and Moscow. During a visit to Russia’s largest GM dealership, SOM students learned that 40 new vehicles are sold almost every day from that one Moscow location in the booming Russian car market. “Some of the Cadillacs at the Moscow Chevy dealership are made in Lansing, Michigan, so that was quite interesting for our students to see Michigan vehicles being sold in Moscow – $100,000 for the Cadillac Escalade, by the way,” Dr. Perry said. In Togliatti, the UM-Flint students met with the mayor’s staff. During a meeting at the Togliatti City Hall, Dr. Perry and the President of the Togliatti Academy of Management, Dr. Igor Bogdanov, signed a Memorandum of Understanding that will lead to future student and faculty exchanges between the two institutions. Dr. Perry brought back a personal letter from the Mayor of Togliatti, which was delivered personally to Flint Mayor Don Williamson.

The rise of the market economy in Russia, especially in Moscow, during the last several decades following the collapse of the Soviet Union, is probably one of the most important and remarkable episodes of economic growth in human history.

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The World’s Factory

Students from the School of Management had the opportunity to study and learn about the dynamics of China’s economic system in another course offered through the SOM study abroad program. The trip included visits in Beijing, Jinan, and Shanghai. Students met and exchanged ideas with Chinese faculty and business students at Peking University, Shandong Jianzhu University, and East China University of Science and Technology. In addition, students met with business professionals and toured plants at various Chinese companies, including Coca Cola and General Motors. Students also had the opportunity to immerse themselves in the local culture and experienced China’s rich traditions and history with visits to landmarks such as The Great Wall of China, The Forbidden City, The Pearl Tower, and the Shanghai Urban Planning Exhibition Center.


The Emerging Economy of India

MBA students traveled to Bangalore, India to observe the impact of globalizing markets and production through SOM’s study abroad program. During the trip, students visited and interacted with top management of several world-class companies such as Wipro, Infosys, AOL, and Dell. Students also had an opportunity to exchange ideas with professors and students from Alliance Business School in Bangalore and experience the amazing culture and history of India with visits to historic locations.

Japan & Taiwan:

Dynamics of Globalization

In May of this year students traveled to Japan and Taiwan to experience the business practices, economic systems and management styles of the Pacific Basin. Look for more information and photos in a future issue of Business Bridges. Fa l l 2 0 0 9 B u s i n e s s B r i d g e s


International Approach An

MBA to an

The University of Michigan-Flint Provost and Vice Chancellor Jack Kay, Wenchang Fang, Professor and Dean, College of Business, National Taipei University (NTPU), Taiwan, and SOM Dean Jack Helmuth recently signed an agreement establishing a dual Master of Business Administration (MBA) program. NTPU is ranked one of the top public universities in Taiwan. The SOM MBA Program is fully accredited by AACSB—International, the premier accreditation agency for business programs worldwide. “We are extremely pleased to have such a prominent partner at NTPU,” said Dean Helmuth. “With this new agreement, students will broaden their perspectives so they can approach problems not only from multiple functional viewpoints, but from global and ethical perspectives as well. SOM will continue its efforts to assist with internationalizing the UM-Flint campus.” Students who successfully complete the graduation requirements of this program are awarded two degrees: an MBA degree from the University of Michigan-Flint and an MBA degree awarded by National Taipei University. The dual MBA program consists of an initial study period on the NTPU campus and approximately 12 months on the UM-Flint campus for a general MBA, and longer for an MBA with a concentration. To reduce the duration of study, some of the graduate coursework on the Flint campus may be taken in mixed online and residency format in the highly acclaimed NetPlus! program.

— Dean Helmuth, SOM

[ Worldwide Partnerships ]

Expand UM-Flint’s Reach

UM-Flint welcomes students from around the world and the SOM has worked to cultivate partnerships with prominent international schools. SOM has developed agreements with 16 international schools to promote student exchanges and allows for the transfer of credits between programs.


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We are extremely pleased to have such a prominent partner at NTPU.

Partner Schools

[ Featured ]

Tamkang University

Tamkang University in Taiwan was founded in 1950 as a Junior College of English. Today Tamkang has grown into a bustling university with three campuses. Tamkang University was built on three objectives that still influence its development today: globalization, information-oriented education and future oriented education. Flora Chia-I Chang, President of Tamkang University said, “Stepping forward on its way to become a top quality comprehensive university, Tamkang University spares no pains to nurture talents with great hearts and souls and pursue higher academic reputation and educational excellence.”

Stepping forward on its way to become a top quality comprehensive university, Tamkang University spares no pains to nurture talents with great hearts and souls and pursue higher academic reputation and educational excellence.

— Flora Chia-I Chang, President of Tamkang University

Alliance Business School

The Alliance Business School, located in Bangalore, India, is an institution of higher learning offering programs in management and technology. It was founded in 1996 and has become the first business school in India to be accredited internationally by the International Assembly for Collegiate Business Education, USA. Alliance Director and Executive Vice President, B.V. Krishnamurthy said, “ALLIANCE also believes in walking the talk and practicing the precept – essential ingredients of leadership worthy of emulation. Within the constraints inherent in operating in a relatively closed system, we encourage all our stakeholders and most importantly our students to develop a passion for thinking, often out of the box, and a deep and abiding commitment to execution.

East China University of Science and Technology

In 1952, East China University of Science and Technology (ECUST) was founded in Shanghai, China. ECUST places a great importance on international cooperation and communication. It has grown to include three campuses and collaborates with more than 60 universities across the globe. Qian Xuhong, President of ECUST said, “Over its history, ECUST has actively adapted to the trend of international education development. With the spirit of ‘Embracing All Streams in Pursuit of Excellence’, ECUST is taking the road of open education and is actively strengthening communication and cooperation with universities across the world.”

Kwangwoon University

Kwangwoon University in Seoul, Korea began in 1934 as the Chosun Radio Training Center and has gone through many transformations and expansive growth to become the leading university it is today. Kwangwoon prides itself on their essential role in helping Korea become an IT world power. “It is absolutely necessary for our country to have the ability to create new knowledge base and cultures to continue its growth toward becoming a full-fledged advanced country,” said Kwangwoon University President, Lee Sang-chul.

Tamkang University student, Shih-Wen Liao, celebrates her graduation with Dean Helmuth.

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Inaugural Business Appreciation Dinner:


A Huge Success ]

The inaugural Business Appreciation Dinner honored representatives from five area businesses at the first annual Business Appreciation Dinner. The inaugural event was held at the Northbank Center in downtown Flint on September 25, 2008.

“This is our way of recognizing excellence in Michigan businesses that have a compelling history, that make a difference in our community and represent a model that others may want to emulate,” said SOM Dean Jack Helmuth. “When we see the Michigan economy struggling, we lose site of the fact that we have some firms that are making some outstanding contributions to their communities.” Guardian Industries and Palace Sports and Entertainment of Auburn Hills took home the evening’s top honors, the Corporate Leadership Award. “Guardian’s unique contributions to our state, national, and global markets mark them as a stand out company.” said Helmuth. “The historical, entrepreneurial drive of the late Mr. William Davidson will not be forgotten.

The unique corporate culture he developed at Guardian are testimonials for success in today’s business world.” Earnest Thompson, Director of Corporate Marketing and Brand Management at Guardian Industries and Dennis Sampier, Director of Community Relations/Pistons-Palace Foundation, proudly accepted the Corporate Leadership Award. Sampier, 2007 Palace Employee of the Year, also gave the evening’s keynote address and regaled the crowd with tales of Guardian Industries’ successes. He emphasized the importance of each individual that supports the operations of a company and awed the crowd with a 2003 Detroit Shock championship ring. The success that can be attained when every individual works toward the same goal is unparalleled and the ring is a perfect example of the Palace’s success, he said. Thanks to the hard work of the entire company, the Detroit Shock became only the second team in pro sports history to go worst-to-first in back-to-back seasons, Sampier added.

UM-Flint Chancellor Ruth Person and SOM Dean Jack Helmuth present the Regional Award to David Gibbons and Chris McCoy of Plante & Moran, PLLC.

Other awards of the evening included the Regional Award presented

This is our way of recognizing excellence in Michigan businesses that have a compelling history, that make a difference in our community and represent a model that others may want to emulate.

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— Dean Helmuth, SOM

Business A



Corporate Leadership Award

Guardian Industries Earnest Thompson, Director of Corporate Marketing and Brand Management Palace Sports and Entertainment Dennis Sampier, Direction of Community Relations

Regional Award

Plante & Moran, PLLC Chris McCoy, CPA, Managing Partner, Southfield David Gibbons, CPA, Managing Partner, Flint

Entrepreneurship Award The Coffee Beanery JoAnne Shaw, President

Family Business Award The Koegel Family John C. Koegel

Dennis Sampier addresses the crowd during the evening’s keynote address.

Dean’s Award Larry R. Nichols

Outstanding Students to Plante & Moran, PLLC, the Entrepreneurship Award presented to The Coffee Beanery, the Family Business Award presented to the Koegel family, the Dean’s Award presented to Larry Nichols, retired president of Oakland Commerce Bank and ’86 alum, and Outstanding Student Awards presented to Peter Manos and Elizabeth Refice.

Peter Manos, MBA Elizabeth Refice, BBA

Dean Helmuth and UM-Flint Chancellor Ruth Person presented each business or honoree with a trophy in a ceremony emceed by prominent UM-Flint alum, Michael J. Thorp. Dave Gibbons, managing partner of Plante & Moran’s Flint office, said he was happy to be recognized. “It’s kind of a pat on the back for our success,” he said. “What we do is help small and mid-size businesses get better. It’s nice to get a nod of recognition from a school we think is really important.”


Second Annual Business Appreciation Dinner September 24th, 2009 Corporate Leadership Award: Dow Corning For tickets or sponsorship information, please call (810) 762.3253.

John C. Koegel and his wife Lisa celebrate their Family Business Award.

] SOM Dean Jack Helmuth meets with two award winners, Dennis Sampier of Palace Sports and Entertainment and JoAnne Shaw of The Coffee Beanery.

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Faculty News

Professor Perry Featured

on CNBC’s Kudlow and Company

Mark Perry, a professor of finance and business economics, brings national notoriety to UM-Flint as a frequent guest of Larry Kudlow on his shows: CNBC’s “Kudlow and Company” and WABC’s “The Larry Kudlow Radio Show.” Larry Kudlow first discovered Perry through his blog “Carpe Diem” and now refers to his blog on his shows on a regular basis. Kudlow and Perry exchange emails on almost a daily basis to discuss economic and financial issues. “We must have done six or seven segments discussing the national economy, world economy, subprime, globalization, inflation, recession fears, etc. I was the only guest, so it was just Kudlow and I talking and taking calls from listeners…  He really plugged my blog, UM-Flint, and the School of Management,” said Perry. “Professor Perry has done a great job furthering both the name and reputation of this school and the university,”

said SOM Dean Jack Helmuth. “Mark is gaining attention among the “movers and shakers” in the economic world by being a sought after guest by the national media.” Kudlow is not the only person who regularly visits “Carpe Diem” for economic and financial issues. The blog has visitors from around the world. “It’s amazing who is visiting my blog,” said Perry. “There are even regular visits from the White House. And, South Carolina Senator Jim DeMint featured one of my blog postings at a Congressional hearing last summer.” Professor Perry’s blog, “Carpe Diem,” can be found at CNBC’s “Kudlow and Company” airs weeknights at 7 p.m. Eastern time and WABC’s “The Larry Kudlow Radio Show” broadcasts from 10 a.m. to 1 p.m. on Saturdays.

We must have done six or seven segments discussing the national economy, world economy, subprime, globalization, inflation, recession fears, etc. I was the only guest, so it was just Kudlow and I talking and taking calls from listeners… He really plugged my blog, UM-Flint, and the School of Management.

— Mark Perry, UM-Flint Finance and Business Professor

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Professor Mehdian Receives


Professor Seyed Mehdian, who was awarded a Fulbright Scholar grant to teach and do research in Romania last year, has been invited back. Mehdian traveled to the Central European country and spent the Winter and Spring 2007 semesters lecturing and doing research in his field of banking and finance. “It was very interesting learning how a former communist country is reacting to a free market economy,” said Mehdian. The Fulbright Commission in Romania invited him to return to Bucharest and work with the Department of Finance at the Academy of Economic Studies. It is the same university where he taught on his first visit. “I am honored to be invited back by the Fulbright Commission to lecture and to conduct research in Romania,” said Mehdian. “To be selected as a Fulbright scholar for the first time was a rewarding experience; to be invited back is a wonderful surprise. I learned a lot during my first grant, the experience that I am still sharing with my students here in at UMFlint.” Mehdian noted that he will be working on two

research projects with one of the faculty members from the finance department, “This grant will provide me with an opportunity to collaborate with my outstanding colleagues at the Academy on a number of research projects and share my experiences with the students. I look forward to working with the Academy.” Recipients of Fulbright Scholar awards are selected on the basis of academic or professional achievement and because they have demonstrated extraordinary leadership potential in their fields. In addition to his Fulbright Scholar grant, Dr. Seyed Mehdian has been elected Vice President of Public Relations for the Midwest Finance Association. The MFA is one of the premier regional academic finance associations in the USA, with membership in the Midwest and throughout the country. Founded in 1951, this association is dedicated to developing and distributing information in the field of finance to its members and other interested individuals. In addition, the association conducts professional meetings and sponsors The Quarterly Review of Economics and Finance. Dr. Mehdian holding office in such an association reflects the esteem that is held for him by his colleagues throughout the finance profession.

To be selected as a Fulbright scholar for the first time was a rewarding experience; to be invited back is a wonderful surprise. I learned a lot during my first grant, the experience that I am still sharing with my students here in at UM-Flint. — Seyed Mehdian, Professor

Fa l l 2 0 0 9 B u s i n e s s B r i d g e s


Faculty News


Featured Faculty :

Erin Cavusgil is a new addition to the Marketing faculty. She holds a B.S. in Chemical Engineering from the University of Michigan, an MS in Biomedical Engineering from the University of Minnesota, and a Ph.D. in Marketing from Michigan State University. She spent 3 ½ years working in the pharmaceutical industry as a chemical engineer. Her main research interests include new product development, innovation, and marketing strategy. Erin’s research has been published in the Journal of Product Innovation Management, the Journal of Business Ethics, and the Journal of Business Research, among others.

Sy Banerjee is a new Assistant Professor of Marketing at the University of Michigan, Flint. He holds a Ph.D. from the University of Rhode Island, an MBA from International Management Institute New Delhi and his undergraduate (B.Sc) in Economics from Presidency College Calcutta, India. He has diverse work experience in marketing which spans over FMCG, logistics and telecommunication industries, across the length and breadth of the Indian subcontinent. He has published research in the areas of mobile commerce and mobile advertising, and taught courses on Internet marketing. His works have been presented in various conferences including AMA, ACR, INFORMS, AJBS in the U.S., India and Japan. Some of his personal interests include charcoal sketching, exotic cooking, movies and music. Surendranath Jory, an Assistant Professor of Finance, is beginning his third year at the University of Michigan – Flint School of Management. He teaches Financial Management, Portfolio Management & Security Analysis, and Financial Risk Management both at the undergraduate and graduate levels. Dr. Surendranath, a Fulbright Scholar,

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earned a B.S.c from the University of Mauritius, an MBA with Distinction from the University of Sheffield, and a Ph.D. in Finance from the Florida Atlantic University. His research interest includes equity offerings, mergers & acquisitions, and funds’ performance. Most recently, his article, “Acquisitions of Bankrupt Assets” was published in The Quarterly Review of Economics and Finance. He is a member of the Association of Chartered and Certified Accountants, U.K. George O. W hite III is another new addition to the School of Management’s faculty. He joins the University of Michigan-Flint as an Assistant Professor of International Business. He earned his B.A. in Asian History from the University of Alabama in 1995. He received a Certificate in Mandarin Chinese from Feng Chia University in Taichung, Taiwan in 1997. He earned a J.D. in Law (with a concentration in international law) in 2001 from the Thomas M. Cooley Law School; an LL.M. in International Commercial Law in 2002 from the Graduate School of Law at Emory University; an MBA in General Management from the College of Business Administration at the University of Texas at El Paso in 2006; and a Ph.D. in International Business from the College of Business Administration at the University of Texas at El Paso in 2008. In collaboration with colleagues, Dr. White has published in several peer reviewed journals including the International Business Review and the International Journal of Conflict Management. He has also published a book chapter on business strategies in P.R. China in the series, Marketing In The 21st Century. He has presented his research at several international conferences and consortiums, such as the Academy of International Business and the Academy of Management.


New Offerings at SOM

SOM welcomed Dr. Michael Witt as the school’s Entrepreneur-in-Residence in the Fall of 2008. Witt has had a busy and exciting year working with students, faculty and community members.

The new position was created to provide mentorship and counseling to entrepreneur-minded students and to work with faculty to research entrepreneurship education. Dr. Witt has taken on the tasks of teaching entrepreneurship courses, developing curriculum for additional course offerings, creating an entrepreneurship-focused student organization, building connections and providing students and community members with networking and professional development opportunities.

Most notably,Witt has developed a guest speaker series that aired on PBS over the summer months. He also represents the University at the Genesee County Planning Commission Steering Committee on Economic Development and is a member of a collaborative entrepreneur education group including Michigan State University, Kettering University and Saginaw Valley State University. Additionally, Witt has established the Entrepreneurs’ Society, a student organization with a mission to foster creativity, encourage business formation, and develop entrepreneurial skills. “I use the Entrepreneurs’ Society as a teaching tool to give students real-life examples and opportunities.” said Witt.


The group has many active members and plans to grow in the upcoming academic year. In the 2008-2009 academic year, the group engaged in several case studies including the UM-Flint Theatre and Isabelle’s Pizza. They also worked with Dr. Witt on his guest speaker series and completed research on historic pricing with Dr. Mark Perry. In the future, the Entrepreneurs’ Society plans to develop long lasting relationships in the UM-Flint and Flint business community and to work with local businesses to increase marketing opportunities and profits. Dr. Yener Kandogan, Associate Dean, wrote a grant to be able to start the Entrepreneurship-in-Residence program at UM-Flint. He said, “The emerging entrepreneurial curriculum will create synergies with our new Michigan Center for Entrepreneurial Leadership and Michigan Family Business Center that will not only result in new collaborations between universities and the industry, but also encourage students to pursue their entrepreneurial interests in Michigan rather than other states.”


Dr. Witt has taken on the tasks of teaching entrepreneurship courses, developing curriculum for additional course offerings, creating an entrepreneurship-focused student organization, building connections and providing students and community members with networking and professional development opportunities.

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Princeton Review


Named UM-F lint ’s SOM A business school

The School of Management at UM-Flint is an outstanding business school, according to The Princeton Review. The New York-based education organization named UM-Flint in its latest “Best 290 Business Schools.” In the profile on the University of Michigan-Flint’s SOM, the Princeton Review editors describe the school as offering an MBA program designed with the needs of working students in mind with a winning combination of convenience, excellent professors, and the name recognition that comes with a University of Michigan degree. They quote from students attending it who say, “The mixed media NetPlus! program available at the University of Michigan-Flint is unsurpassed by any other program. It offers the best of both worlds for my busy life. Professors are exceptional. One cannot say enough about their knowledge in terms of course work and their real world application. Administration is outstanding. Although I live over an hour from campus, I have never had a problem getting help from someone in the MBA office, with everything from financial aid to contacting a professor in an emergency.” “We are proud of the high quality of both our faculty and students,” said SOM Dean Jack Helmuth. “We constantly strive for excellence by putting our students first, and their response in this survey indicates they recognize those efforts.”

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We are proud of the high quality of both our faculty and students. We constantly strive for excellence by putting our students first, and their response in this survey indicates they recognize those efforts. — Dean Helmuth, SOM

According to Robert Franek, Princeton Review VPPublishing, “We select schools for this book based on our high regard for their academic programs and offerings, institutional data we collect from the schools, and the candid opinions of students attending them who rate and report on their campus experiences at the schools. We are pleased to recommend the University of Michigan-Flint School of Management to readers of our book and users of our website as one of the best institutions they could attend to earn an MBA.” In a “Survey Says. . .” sidebar in the profile, The Princeton Review lists topics that the University of Michigan-Flint’s School of Management students it surveyed for the book were in most agreement about. The list includes: “cutting-edge classes,” and “solid preparation in communication/interpersonal skills, presentation skills, and quantitative skills.”

Doug Moon’s



The School of Management is sad to announce that Dr. I. Douglas Moon, who served as the school’s dean from January 2003-June 2007 died on September 13, 2008. Prior to his deanship, Moon was professor of Operations Management at the School of Management. “Dean Moon’s contributions to the School of Management will endure for decades,” said UM-Flint Provost Jack Kay. “Doug was a caring individual, and we will miss him very much.” Through a generous endowed gift of $10,000, he created the I. Douglas Moon School of Management Undergraduate Merit Scholarship Fund in 2007. Creating the scholarship was a demonstration of his commitment to the highest academic standards at UM-Flint.  His fund recognizes the academic achievements of UM-Flint’s most hardworking and deserving scholars. The dedication of these students to their education is evidenced not only by stellar grade point averages but also by the leadership qualities they demonstrate, both inside and outside of the classroom.



Dr. Doug Moon, Sheila Smith and Dean Helmuth celebrate their new scholarships with a group of international students.

A second fund, the I. Douglas Moon Fund to Support International Education Partnerships was made possible by the generous support of alumna Sheila R. Smith (’96 MBA). This fund assists SOM faculty with expenses related to international travel for the purpose of establishing international graduate and undergraduate programs. Sheila’s gift will enable SOM to continue their international education partnerships with business schools around the world. Before coming to UM-Flint in 1989, Dr. Moon was a faculty member at Columbia University and Rutgers Graduate School of Management. Under his leadership, the School of Management established its first global articulation agreements for international undergraduate and graduate education. During his tenure, he signed six articulation agreements for double MBA degree programs with business schools in India, Taiwan, China, and South Korea.

Dean Moon’s contributions to the School of Management will endure for decades. — Jack Kay, UM-Flint Provost

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[ School of Management ] Launches D ’ S S ean s

To expose SOM students to exemplary business leaders, the School of Management has begun hosting prominent business professionals through the Dean’s Speaker Series. These accomplished professionals share their knowledge on various business topics, providing students with insights into current global and domestic issues. The presentations allow students to bridge the gap between the classroom and the business world. Daniel A. Wiechec joined SOM students on campus to discuss emerging markets. Wiechec, General Director of Global Automotive Audit, has over 23 years of experience in performing financial, information technology and process auditing and information technology consulting. He has worked for Lear Corporation, Deloitte & Touche, Coopers and Lybrand, and Arthur Andersen LLP among others. Wiechec discussed managing the risks of expanding into emerging markets across the globe.

SOM Offers


In another session of the series the School of Management welcomed James R. Hagerty, an editor at The Wall Street Journal. Hagerty spoke on “Envy of the World? How We Created the Mortgage Meltdown and Where We Go from Here?” Hagerty has covered housing and economics for The Wall Street Journal since January 2004. Additionally, he has served as a reporter and editor for The Asian Wall Street Journal, International Herald Tribune, and The Wall Street Journal Europe.

“We are pleased to have both Mr. Wiechec and Mr. Hagerty discuss such important issues facing so many people both locally and nationally,” Dean Jack Helmuth said. “This is a special opportunity for our students and the community to get a unique perspective on important economic issues.”

Valuable Interns to Business Partners

The School of Management’s highly acclaimed Business Internship Program is a winning situation for our students and corporate partners. Through the internship program, our students gain valuable professional experience, and our corporate partners receive cost-effective assistance from highly driven and intelligent employees. The Business Internship Program continues to grow each year, and has included corporate partners such as Citizens Bank, Plante & Moran, AC Delco Marketing, Dow Corning, UBS Financial Services, Blue Cross/Blue Shield, AFLAC, Cumulus Broadcasting, Delphi Steering, Merrill Lynch, and many more. “My internship at the McLaren Health Plan was a great opportunity to work in a real-world business setting and to experience working for a top healthcare provider. I

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was able to learn and apply sales & marketing techniques here that cannot be taught by simply reading a marketing textbook. My boss became an invaluable mentor by sharing his vast wealth of insight and knowledge of the healthcare industry with me, as well as genuinely caring about my success throughout and after the marketing internship.” said Stephen Pyles, ’08 Marketing alum. “I am grateful to have had the opportunity to be a part of the Business Internship Program at UM-Flint.”


For details on the Business Internship Program, contact Doritta McDaniel, Student Services Coordinator, at 810. 237.6680, or The School of Management’s highly acclaimed Business Internship Program is a winning situation for SOM students and corporate partners.


Student News

Outsourcing MBA Students Get a Global View on

UM-Flint MBA students attended a Detroit Economic Club luncheon where they had the unique opportunity to meet the “Father of India Outsourcing,” Raman Roy, Chairman and CEO of Quatrro BPO Solutions, headquartered in India.

Roy was a featured speaker during the luncheon and met with the students prior to his presentation, “Harnessing Global Intellectual Capital to Create Corporate Value.” During the pre-luncheon reception, students were able to talk candidly with Roy about his views on outsourcing, globalization, the India economy, and his impressive corporate experience at companies such as GE, American Express and Wipro.

At other luncheons, students learned about business careers from Matt Ferguson, President and CEO of and the implications of America’s new leadership on the U.S. manufacturing sector from former Michigan Governor, John Engler. Trips to the Detroit Economic Club luncheons are planned by SOM’s Business Club and are open to all SOM students.

UM-Flint MBA students attended a Detroit Economic Club luncheon where they had the unique opportunity to meet the “Father of India Outsourcing,” Raman Roy, Chairman and CEO of Quatrro BPO Solutions, headquartered in India.

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Hands-on Learning Experiences

Attract Students to Careers with IRS

Most people try to avoid visits from the Internal Revenue Service’s (IRS) Criminal Investigations Unit, but members of Beta Alpha Psi (BAP) welcomed the agents with open arms.

The Detroit Bureau agents visited the School of Management as part of the honors fraternity’s annual professional development activities. Agents engaged students in the investigation process by creating interactive scenarios. Students were asked to work on a fictional potential fraud case where an ice cream store owner appeared to be keeping two separate sets of books.

“One student felt that had he known about all the IRS does, he would not have changed his major and instead applied for a job with the agency,” Watson said. “I also know of a few students who were so impressed that they are planning on pursuing a career with the IRS.” The IRS uses such hands-on learning experience as a tool to attract students who may not have thought about a career with the agency. To be eligible for employment with the IRS, applicants must have a college degree and either 15 hours of accounting courses or be a certified public accountant.

Nathan Watson, a senior accounting student and president of BAP, said the students thoroughly enjoyed the event.

Share Special Dean’ s Lunches with Prominent Local Business People SOM Honors Students

SOM Honors students had the opportunity to share an intimate business lunch with Citizens Bank President and CEO, William Hartman. Hartman provided a short presentation and chatted with the students over lunch.

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At a second lunch, Honors students were joined by Larry Nichols (’86 MBA), the retired President and CEO of Oakland Commerce Bank. The luncheons are part of the new CEO Luncheon Program for Honors students and student leaders created by SOM Dean Jack Helmuth.

[Past, Present and Future ]

Beta Alpha Psi Celebrates Club’s UM-Flint’s local chapter of Beta Alpha Psi (BAP), an honors organization for financial information Professionals, has been recognized as a “Superior Chapter.” The student group is led by faculty co-advisors Clement Chen and Keith Moreland and was awarded this honor because of their successful efforts in academics, professionalism and leadership during the past academic year.

“As we begin the 2008-2009 academic year, I want to thank Clement Chen for past efforts and accomplishments made, and I look forward to his continued leadership and guidance. Clement’s commitment, not only to the profession, but also to the students of Beta Alpha Psi will continue to be applauded today and every day to come.” said Beta Alpha Psi National President, Nancy B. Nichols.

The Eta Xi Chapter of Beta Alpha Psi was established in 1988 at UM-Flint. This new recognition is a significant accomplishment. The student organization has flourished under Chen and Moreland’s guidance.

Marc Holzer (’92) gave the keynote address and was awarded the Walker Fesmire Award. This award was formerly known as the Beta Alpha Psi Accounting Award. It’s name was changed to honor Professor Emeritus, Dr. Walker Fesmire.

BAP hosted its annual awards dinner in the Frances Willson Thompson Library Atrium. The evening celebrated the achievements of members and recognized student officers.

A New Year

School of Management Alumni Affiliate Gears Up For The School of Management Alumni Affiliate is a free and exciting alumni networking community. The group is currently organizing with a vision to support the personal and professional developments of our students and alumni. Graduating from the University of MichiganFlint is a major accomplishment. You have acquired the education and established a network of friends,

mentors and professional contacts that will last a lifetime. Take pride in your degree and join the SOM Alumni Affiliate today! Please visit alumni/somaa.htm for more information or to join.

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Marcus P. Holzer

Alumni Profile



Marcus P. Holzer (’92 Accounting) offers students living proof that the school’s “ ” works. Holzer is a Partner in M&A Transaction Services at Deloitte and Touche, LLP. in San Francisco, CA, but said it didn’t happen overnight. In fact, Holzer said his career traces back to one very important decision – choosing to listen to his professor’s advice and sign up for a summer internship.

credits his Michigan degree with helping get him started in the business many years ago.

During the summer between his junior and senior years, Holzer’s then Accounting professor Dr. Walker E. Fesmire had been pushing Dow Chemical Co. to set up an internship program with SOM. Finally, the Midland, MI company agreed, and Holzer was the first SOM student hired. A great internship with the Internal Audit Department at Dow, Holzer turned his experiences into a job interview with the company’s Accounting firm – Deloitte & Touche in Saginaw, MI.

Holzer’s advice to students is to think practically and strategically when choosing a career.

Now 15 years into his career, Holzer said that it all stems back to that first internship. “At the time, Dow was Deloitte’s largest client,” Holzer said. “I got the job with Deloitte because of my internship at Dow. After working at Deloitte in Saginaw, I moved on to the Detroit office where I was given the opportunity to go to Prague for the company, and from Prague, I came here to San Francisco.” Holzer recognizes that once you reach a certain point in your career, experience is what matters most. But you need a key to open those first doors on the road to success, Holzer said, and that key is a degree from a world-recognized business school. Holzer, who spent three years running Deloitte & Touche’s European division, also said that there is a certain degree of brand recognition in a Michigan degree. Holzer

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Holzer grew up in Flushing, MI. Like many Flint-area high school seniors, UM-Flint was a natural draw. Holzer’s interest in finance led him to SOM. A few years before he was to graduate, a recession tightened the job market, and Holzer recognized that a degree in accounting was a practical solution.

“Get into a dynamic organization that can allow you to do different things,” Holzer said. “I have friends who have changed positions by changing employers every two to three years. I have done job-hopping, too, but all with one employer. Every three-to-five years, I have had a new opportunity here, and it’s given me variety but in the same construct.” Holzer’s second bit of advice to students is to broaden their global perspective. “Don’t limit yourself. If there’s an opportunity, take it whenever you can,” he said. “I’m from this town of small streets, small homes, and small surrounding towns. Today I work on the 28th floor of a skyscraper in San Francisco.” Holzer was honored by the School of Management as the recipient of the Walker Fesmire Award in May of 2009. Holzer’s long list of successes also include a wonderful family life. Holzer met his wife, Suzanna, when they were both students in the BBA program. Today, they live in San Francisco with their two sons.

India’s New Class of Billionaires are



By Dr. Mark J. Perry and Dr. Madhukar Angur From Investor’s Business Daily

Robber Barons’

April 16, 2008

When Forbes magazine released its annual list of global billionaires in 1998, an Indian made it into the top 100 for the first time – but just barely: Lakshmi Mittal ranked 100. What a difference 10 years makes! When the 2008 Forbes list recently was released, India dominated, with four of the top eight – more even than the U.S. It’s not just India that has more billionaires. For the first time, Moscow has more billionaires than New York City, and there are more in the top 100 from emerging-market economies than from America. New wealth is being created around the world at record levels, especially in emerging markets. Although the Indian billionaires on the Forbes list made headlines around the world, the massive accumulation of wealth was not universally accepted as good news in India, where the average income is only $80 a month. In fact, some might even compare Indian billionaires to the millionaire


“robber barons” who were so publicly criticized in the U.S. a century ago. Some claim that robber barons accumulate enormous personal fortunes at the expense of consumers and workers – partly by monopolizing and manipulating markets to their advantage. Others, though, have argued that the robber barons actually benefit society by introducing new products and efficient methods of production and distribution. In the process, they create thousands of jobs and lower prices for millions of consumers.


What is India to think of its rising class of billionaires?

When Forbes magazine released its annual list of global billionaires in 1998, an Indian made it into the top 100 for the first time – but just barely: Lakshmi Mittal ranked 100.

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Should they be condemned for their massive accumulations of wealth in the midst of widespread poverty? Before Indian billionaires are dismissed too quickly as 21st-century robber barons, there are important reasons why India should celebrate them.



It is estimated that India’s top

10 billionaires collectively have created more than one million jobs in their companies.

First, it should be recognized that in the process of creating personal fortunes, India’s billionaires create vast amounts of wealth for others, including thousands of employees. Consider Azim Premji. At the age of just 21, he took over Wipro in 1966, and helped transform it from a vegetable oil and soap company with $2 million in annual sales into a $5 billion global IT giant.

Further, many of the employees now at senior levels of organizations founded or run by billionaires started out their careers in very low or entry-level positions and worked their way up to upper-management levels. There are countless examples of steep upward mobility in Indian companies founded by billionaires. Simply put, in the process of becoming billionaires, these entrepreneurs regularly create many millionaires below them, and provide employment opportunities for thousands. Second, most Indian billionaires have gotten rich by targeting affordable products toward the lower and middle classes. Look at the various Reliance companies founded and run by the Ambani family. From retailing to consumer electronics to telecommunications to retail brokerages to garments and groceries, Reliance companies have been successful and profitable by bringing low-cost, affordable products and services to the masses. Billions of dollars certainly have ended up in the hands of the Ambanis. But their companies have generated billions of dollars of value for millions of Indian consumers, improving the lives of millions in the lower and middle classes. Indians might not win any gold medals at this year’s Olympics in Beijing. But when it comes to billionaires, India’s are now world-class and should be seen as national heroes.

Premji obviously could not have orchestrated the explosive growth of Wipro without the help of others. Wipro currently has a staff of more than 73,000. Most of the jobs are in India and relatively highly paid. The Wipro example is not unique. In almost all cases, billionaires amass personal wealth by creating large organizations that generate millions of jobs and employment opportunities across the board, from the lowest unskilled positions to highly paid executives. It is estimated that India’s top 10 billionaires collectively have created more than one million jobs in their companies.

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Dr. Perry is a Professor of Finance and Business Economics and Dr. Angur is a Professor of Marketing.

The Economy

SOM Examines

In December, the School of Management teamed up with the Rotary Club of Flint to present The Economic Forum. The community joined Rotary members and UM-Flint faculty, staff and students for lunch and thought-provoking presentations aimed to give everyone a better understanding of the current economic situation. Speakers included Christopher Douglas, UM-Flint Assistant Professor of Economics, Mark Perry, UM-Flint Professor of Finance and Sam Kahan of the Chicago-Detroit Branch of the Federal Reserve Bank. Please save the date for SOM’s upcoming Economic Forum on December 11, 2009.

SOM Dean Jack Helmuth and Rotary President Roxanne Caine chat with Rotarians Joe Fioroni and Joy Martinbianco.

Rotary Vice President James Franklin III discusses the economy with UM-Flint Vice Chancellor Dave Barthelmes and SOM Professor Seyed Mehdian.

UM-Flint Chancellor Ruth Person, Rotary Club President Roxanne Caine, SOM Dean Jack Helmuth Everyone gathers for lunch and all attention turns to the Economic Forum’s three presenters.

Presenters Sam Kahan, Mark Perry and Christopher Douglas (right) greet guests at a reception preceding the lunch presentation.

Sam Kahan, Christopher Douglas and Mark Perry explain recession, bail-outs, rollercoaster stock markets, foreclosures, and economic crisis at SOM’s Economic Forum.

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SOM Announces

Two New Centers

The School of Management proudly announces the creation of two new Centers, the Michigan Center for Entrepreneurial Leadership and the Michigan Family Business

Center. An opening celebration was held on September 17, 2008.

SOM Dean, Jack Helmuth greets students, faculty and the community at the Opening Ceremonies of MFBC and MCEL held in September, 2008.



The Michigan Center for Entrepreneurial Leadership

The Michigan Center for Entrepreneurial Leadership (MCEL) will offer a nine-month program designed to enhance entrepreneurial and leadership skills of business owners and organizational decision makers.   A combination of academics, professionals, and successful entrepreneurs will help each participant answer the question “How Do I Take My Business to the Next Level?”

“The MCEL Leadership Program will enable participants to envision goals and implement actions intended to improve prospects for continued growth and success. We will provide the tools and the opportunity to share entrepreneurial beliefs and leadership methods with peers and other accomplished professionals.” said MCEL Director, Dale B. Tuttle. The first part of the course will feature “chalk-talks” and break-out sessions that will help business decision makers

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to focus on specific and relevant issues typically faced by the small yet growing business such as succession planning, accounting, financial and legal issues, product and service positioning, and other salient operational issues. As part of the enrollment process, each leadership program participant will be paired with a mentor who will provide advice and guidance as each participant works toward identifying the weaknesses and strengths of his or her ongoing business. The end goal will be to develop a strategic action plan that will exploit opportunities in the business environment.   The second part of the course will then require participants to present their strategic plans during the class sessions in which an expert panel, the mentor, as well as the other program participants will provide informed feedback.   Whether the business has one million or 100 million in annual revenues, the objective will be to suggest steps to be taken to ensure future growth and success.

For details on the Michigan Center for Entrepreneurial Leadership contact: Dale Tuttle 734.474.0550

Eases Transfer New A greement


The Michigan Family Business Center


The Michigan Family Business Center (MFBC) is one of what is considered to be an elite group of family business centers at prominent universities across the country. The Center provides a confidential setting for family business learning and development. While there is a wide array of services and learning opportunities available for business, very little is aimed at the important family-owned segment. MFBC hopes to close this gap and to provide family businesses of all sizes the assistance they need to grow from generation to generation. Member activities include seminars, forums and affinity group sessions featuring expert guest speakers covering topics unique to family businesses. The Center also plans to develop a newsletter and library. MFBC events are held in the Troy region and other select locations. The Center opened in July, 2008 and anticipates a large following of family businesses from the Southeast and Central Michigan regions. An Advisory Board has been created to identify topics, speakers, and other activities of interest to members.  MFBC is sponsored by Seymour Gill Financial, Giarmarco, Mullins & Horton P.C., HealthPlus of Michigan, and Rehmann.

For details on the Michigan Family Business Center contact: Francine Cullari 810.237.6589


OCC Business S tudents

Oakland Community College (OCC) and UM-Flint have entered into a new partnership that will benefit OCC students seeking a bachelor’s degree in business. A new articulation agreement was signed by officials from both schools. The agreement will ensure students who complete courses for an Associate in Business Administration Degree at OCC a smooth transition to the Bachelor of Business Administration (BBA) degree program at UM-Flint. “Approximately half of our students intend to transfer to four-year schools and a large percentage major in business, our third largest credit program,” said OCC Chancellor Timothy R. Meyer. “This new agreement with the University of Michigan-Flint gives our business graduates the opportunity to earn their bachelor’s degrees at an outstanding institution of higher education.” “We are delighted to be signing the Bachelor of Business Administration articulation agreement with Oakland Community College,” said UM-Flint Provost/Vice Chancellor Jack Kay. “This is a splendid opportunity for our two institutions to meet some of the higher educational needs of Automation Alley. We look forward to expanding and strengthening our collaborative efforts with Oakland Community College.”

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Under the agreement, any student may transfer any number of semester credit hours of general education and other relevant credit hours earned at OCC toward a BBA degree at the University of Michigan-Flint; however, students are required to complete at least 45 institutional hours at UM-Flint. A grade of “C” or better is required of courses for transfer. Oakland Community College and the University of Michigan-Flint will review this agreement every two years and make adjustments as deemed appropriate

to maintain the integrity of each institution, as well as for the improvement of the transfer process. To commemorate the signing of the articulation agreement, the School of Management will create four $500 OCC business scholarships, SOM Dean Jack Helmuth said.



Social networking has encouraged new ways to communicate and share information. It is now easier than ever to stay in contact with the School of Management. You can find SOM on Facebook. SOM’s fan page on the popular social networking site, can be found at http:// or by simply typing “UMFlint School of Management” in Facebook’s search at www. You can also connect with SOM on LinkedIn at http:// and follow SOM on the popular microblogging site, Twitter. Look for regular updates at UMFlintSOM. These sites are great networking tools allowing users to easily stay in contact with friends, classmates and faculty. You can find links to each social network under the Popular Links section on SOM’s homepage, som. Popular features of the various sites include upcoming events, discussion boards, photos and video, news updates and more. Connect with SOM today.

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Madhukar Angur

Erin Cavusgil

“Neighborhood Integration, Race Relations, and the Quality-of-Life” (co-authored with Robin Widgery) Scientific Annals of the “Alexandru Ioan Cuza” Economic Sciences section

“Does Product Innovativeness Fit the Market Orientation – Firm Performance Paradigm?” Journal of Product Innovation Management

“Are We Ignoring the Early Warning Signs in Our Corporate Governance System?” Journal of Indian Business Research “Cognizant: Preparing for a Global Footprint” Indian Institute of Management (IIM), Ahmedabad, India.

Syagnik Banerjee “Mobile Advertising: Does Location Based Advertising Work?” International Journal of Mobile Marketing

Brian Blume “Attributions to Intuition in the Venture Founding Process: Do Entrepreneurs Actually Use Intuition or Just Say That They Do?” Journal of Business Venturing “Reactions to Different Types of Forced Distribution Performance Evaluation Systems” Journal of Business and Psychology “Individual- and Organizational-Level Consequences of Organizational Citizenship Behaviors: A Meta-Analysis” Journal of Applied Psychology

Clement Chen “Analyzing the Factors Relevant to Students’ Estimations of the Benefits and Costs of the Accounting Profession” Accounting Education: An International Journal “Blended-Learning in a Graduate Accounting Course: Student Satisfaction and Course Design Issues” The Accounting Educators’ Journal

Thomas Hemphill “A Regulatory Tale of Two Cities” Business and Society Review “Corporate Governance Practices: A Proposed Policy Incentive Regime to Facilitate Internal Investigations and Self-Reporting of Criminal Activities” Journal of Business Ethics “The Telecommunications and Information Industries: U.S. Patent Policy and the Criteria of Non-Obviousness” Telematics and Informatics: An Interdisciplinary Journal on the Social Impacts of New Technologies

Fa l l 2 0 0 9 B u s i n e s s B r i d g e s





“Technology Standards-Setting in the U.S. Wireless Telecommunications Industry: A Study of Three Generations of Digital Standards Development” Telematics and Informatics: An Interdisciplinary Journal on the Social Impacts of New Technologies “American Business Regulation” Business Economics





Surendranath Jory “An Analysis of Sovereign Wealth Funds’ Recent Venture in Developed Capital Markets” Management Online Review “Cross-Sectional Variation in the Long-Run Performance of Capital-Raising Depositary Receipts and their Underlying Stocks” Global Business and Finance Review “International Evidence on the Relationship between Trading Volume and Serial Correlation in Stock Returns” Global Journal of Finance and Banking “Equity Offerings by Firms that Emerged from Bankruptcy” The Journal of Entrepreneurial Finance and Business Ventures

Yener Kandogan “A Gravity model for components of imports” Review of Applied Economics

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“Immigrants, Cross-Cultural Literacy and Export Performance: The Swiss Case” European Journal of International Management “Consistent Estimates of Regional Blocs’ Trade Effect” Review of International Economics

Jacob Peng “Using Online Homework System to Submit Accounting Homework: the Role of Cognitive Need, Computer Efficacy and Perception” Journal of Education for Business

George White “Entry Mode Research: Past and Future” International Business Review

thank support

The School of Management would like to the following

for their tremendous

Donor Level

Contributing Level $


Gary M. Kade Robert L. Anthony Della M. DiPietro Gabriella Hanna-Breneau Silas and Robbie Goma Brenda L. Wood Colleen D. O’Brien

in FY 2008.

Margo A. Yaklin Paul and Janet Wenstrom Warren Fesmire Shanell N. Weatherspoon Keith and Jeannine Moreland


John J. Hemingway Jillene K. Verdier Various Donors Carl and Ekaete Bailey Odessa Steward Penny A. Schwartz John, Jr. and Joyce Riegle Carrie S. Towns Brian L. Uchtmann David G. Cheesebro Dean Allen Bonesteel Donna J. Swagert Frank and Anita Cashman James L. McGinnis Larry D. Harms Michelle L. Bartkovich Nsedu O. Witherspoon Patricia A. Post Russell H. Yurk Shawn M. Deangelis Steven G. Brennan


Supporting Level 500 - $999


Flint Kiwanis Education Foundation J. David Gibbons Robert J. Joubran Roger and Helen Linn Pamela J. Royston Marcus and Suzanna Holzer Jack and Judith Helmuth

Sustaining Level 1,000-$4,999


Francine Cullari William Golling Yeo & Yeo, P.C. Sheila R. Smith

Dean’s Circle Level 5,000-$9,999


Induk D. Moon Rachor Family Foundation John T. Heitmann PricewaterhouseCoopers

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The University of Michigan - Flint S chool of Management 3180 William S. White Building 303 W. Kearsley Street Flint, Michigan 48502-1950

Artwork above by Christine Walters, UM-Flint Visual Arts

Non Profit Org US Postage PAID Flint, MI Permit No. 89

Business Bridges  

A publication by the School of Management at the University of Michigan-Flint

Business Bridges  

A publication by the School of Management at the University of Michigan-Flint