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A L B E R T A

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S C H O O L

O F

B U S I N E S S


options options (noun) 1. the power or right to choose: freedom of choice 2. a contract conveying a right to buy or sell designated securities or commodities at a specified price during a stipulated period.


Annual Review 2006/2007 global options

page 4

Exchanges and Internships Applied Research Centres Case Competitions and Student Clubs

ROI – reputation, opportunity, innovation

page 12

Research: Rigorous, Recognized, Relevant Programs: BCom, MBA, PhD Departments: AMIS, FMS, MABEL, SMORG

futures unlimited

page 24

Student Placement and Alumni Executive Education and Lifelong Learning School of Retailing Technology and Recruitment of Scholars

leadership value + Leaders of the Way The Winspear Way

www.business.ualberta.ca

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global options


Studying abroad was one of the most enriching and satisfying experiences of my life. You come to realize that as much as you love your home country, adopting a foreign lifestyle expands your understanding and appreciation for culture and for change. As the new culture embraces you, you become thirsty to learn and experience more. This marks the beginning of a deep-held desire to travel and experience the world. Taisa Ballantyne Chris Patry, Charlene Ribeiro and friends. Hong Kong Polytechnic University Taisa Ballantyne, Christina Molzan Grenoble École de Management, France


Spending the summer on an international exchange in Vallendar Germany and completing

International Exchanges

an internship in Washington DC with Merrill Lynch

Options to study abroad for course credit continue to increase in number, diversity, and composition.

new career focus. What’s more, the memories

The School strongly encourages international study and welcomes the many contributions of our incoming friends into our classrooms – an important aspect of the continued efforts to internationalize the curriculum and experiences of our students at home and abroad. For the first time since 1999/2000 a larger number of students were sent out than received in 2006/07, which helped correct some of the imbalances in the exchange relationships.

provided the perfect opportunity to develop a of travelling throughout Europe and the Eastern seaboard as well as the friendships made will last a lifetime. Nicholas Field

For the term September 06 – August 07 there were 44 outgoing and 44 incoming exchange students. Current 2007/08 numbers are 53 outgoing and 45 incoming students. We also completed our first exchange agreement within Canada, which will allow students to study for a semester or a year at HEC Montréal in Québec. New student exchange agreements have recently been completed with: •

Bilkent University (Turkey)

Nagoya University of Commerce and Business Administration (Japan)

Indian Institute of Management Bangalore (India)

European Business School (Germany)

Xian Jiaotong University (China)

New 2+2 transfer agreements have also been signed with: •

Nanjing University of Science and Technology (China)

Xian Jiaotong University (China)

Institute for Higher Education in New Delhi (India)

Coco Lu, Nicholas Field, Vicky Zhao and friend 6


International Internships A global spectrum of summer internship opportunities is available to students. Peru MBA Natural Resource and Energy students Casey Mckenzie and Dan Stickney spent three months conducting field research while in the depths of Peru’s rain forest. Both provided frequent updates on their amazing experiences, which were shared and are still available on the School of Business’ Website. Dan is also taking advantage of the dual degree option of completing both his MBA and Masters in Agriculture.

India Lazina Shamseer, a native of Toronto specializing in International Business, spent her internship in New Delhi with the Times Group, owners of both The Times of India, India’s largest and most circulated newspaper, and Timesjobs, an online recruitment portal that has recently become India’s #1 jobsite. With Timesjobs, Lazina worked closely with the sales teams and interviewed top executives in various outsourcing organizations. Lazina Shamseer, New Delhi

Germany

The high quality of courses, coupled with

Nicholas Field did both an international exchange and internship this summer. His international exchange was in Vallendar, Germany; his internship was at Merrill Lynch in Washington DC where he discovered his new career focus of investment banking.

sheer diversity, is what makes Canadian

China

schools popular as seats of higher learning

International summer program internships are now also available for undergraduate students. Nick Wildman, Kelly Ainsworth, and Elliott Carver spent six months at Tempus Logistics in Shenzhen. Michael Steeves spent his internship at CSR Zhuzhou Electronic Locomotive Company in Zhuzhou. A new two-month internship was also established at Shanghai Foreign Economic and Trade Corporation in China.

Tribune India: May 2, 2007

in India. You just don’t learn the ‘whys’, but also the ‘hows’, according to Mohit Dang, studying Entrepreneurship and Family Business management at the University of Alberta.

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Applied Research Centres: Public Policy Influence Our 13 applied research centres extend our public policy influence provincially, nationally, and internationally by offering relevant commentary, publications, and public forums as well as project and committee work.

Centre for Applied Business Research in Energy & the Environment (CABREE):

Western Centre for Economic Research (WCER):

Energy and Climate Change

Softwood Lumber

Both continue to be top of mind to industry, government, and the University. The U of A now houses a School of Energy and the Environment (SEE), representing the energy expertise across all disciplines on campus. CABREE is an integral member of SEE, and Joseph Doucet, our Enbridge Professor of Energy Policy, is Director of both. Highly quoted by media, Joseph is also the President of the Canadian affiliate of the International Association for Energy Economics.

International trade and industry experts participated in a forum in April to discuss the impact of the Canadian-US Softwood Lumber Agreement of 2006. Conclusions and policy recommendations were forwarded to federal and provincial ministers. Research on the economic impact of pine beetles and the feasibility of bio-fuel research in Alberta were also undertaken.

In only his second year, colleague Andrew Leach is already a respected advisor to the Government of Canada’s National Round Table on Energy and the Environment on its ever changing climate change challenge.

Electricity and Water The annual EPCOR Distinguished Lecture Series allows CABREE to bring in speakers and topics that challenge and debate the tough questions facing the world today. The 2006 lecture by Dr. Peter Droege, Chair of the World Council for Renewable Energy Asia Pacific, was entitled “Water and Cities – What can be done to future-proof our water supply?”

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Trade Policy Building on their expertise on Alberta trade issues, topics relating to the World Trade Organization were front and centre including a public forum on the WTO after the Doha Round and research and recommendations on the opportunities emerging from the WTO negotiations. Implications of increased bilateral trade agreements or the “Spaghetti Bowl” were also studied.

Competitiveness The ATB Business Sentiments Index, now in its second year, provides a quarterly report on the sentiments of Alberta businesses including a hiring outlook based on centre research. WCER also works in cooperation with our Centre for International Business Studies (CIBS) in publishing a “Competitiveness Series.” Titles included “A Changing China – the Resource Challenge” and “Export Market Activities and Alberta’s Agricultural Sector.”


Centres of Applied Research

Natural Resources and Energy (NRE)

Alberta Business Family Institute (ABFI)

Students in the School’s NRE MBA specialization are fully integrated into CABREE’s activities. CABREE was instrumental in setting up the internship for students Casey Mckenzie and Dan Stickney. Both were on a three month assignment in Peru’s rain forest where they conducted field research and have now completed a paper entitled: Rainforest Expeditions – Evaluation of Environmental Market Mechanisms to Protect Rainforests and Biodiversity in the Peruvian Amazon available on the CABREE Website.

Centre for Applied Business Research in Energy and the Environment (CABREE) Centre for Enhanced Corporate Reporting (CECR) Canadian Centre for Social Entrepreneurship (CCSE) Canadian Corporate Governance Institute (CCGI) Canadian Institute of Retailing and Services (CIRAS) Centre for Entrepreneurship and Family Enterprise (CEFE) Centre for Excellence in Operations (CEO) Centre for International Business Studies (CIBS)

New Appointments: WCER

Centre for Professional Service Firm Management (CPSFM)

Helmut Mach, Director, WCER and CN Executive Professor of Canada-US Relations; Jason Brisbois, Chief Economist; Rolf Mirus, Research Professor and Professor Emeritus.

Cultural Industries Research Centre (CIRC) Health Organization Studies (HOS) Western Centre for Economic Research (WCER)

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Case Competitions National Hosts Opportunities for our students to compete nationally and internationally and to host worldclass competitions in order to showcase our City, University, and School are a top priority.

MBA Games organizing committee

MBA Games – 2007

Round Table – 2008

JDC West – 2009

The national MBA Games competition was hosted by the School of Business in 2007. Over 300 MBA students from 15 Canadian business schools participated in a variety of academic, athletic, and spirit competitions. The Queen’s Cup was awarded to McMaster University’s DeGroote School of Business. The U of A maintained its history of top rankings by placing second i marketing and fifth overall.

The Business Students’ Association, our umbrella organization to 17 undergraduate student clubs and numerous case competitions, celebrated its 40th anniversary in 2007. A fitting tribute to their longevity and leadership was the awarding of RoundTable 2008 when they will be hosting the executives of their national counterparts.

The largest national undergraduate competition is the Jeux du Commerce West held this year in Vancouver. Our 45-member BCom team competed in nine academic competitions and brought home ten trophies including: first place in entrepreneurship and best organizing committee; second place in finance, charity involvement, and exemplary participation; and third place in marketing, debate, and taxation, finishing third overall.

Our MBA team also finished fourth at the George Washington MBA International Case Competition. 10

The School of Business team was also awarded the silver medal at the Manitoba International BCom Business Case Competition in Winnipeg.

The team was also successful in its bid to host the JDC West competition in 2009 and will be welcoming over 500 students.


Student Clubs The energy and enthusiasm found in our myriad of student clubs are key points of differentiation to the U of A Business School experience.

Business Exchange Association

Tristan Khaner and Kieran Ryan

Student Clubs Undergraduate: Accounting Club AIESEC Business and Beyond Club Business Exchange Association Business Graduation Council Business Students Association JDC West Business Case Competition Team Cooperative Education Students Association EonFire Human Resource Management Club Investors’ Club Management Information Systems Club Operations Management Club Rocky Mountain Business Seminar U of A Marketing Association

MBA: MBA Association Varsity Consulting Group

An exciting development during the past year was the establishment of the Business Exchange Association, a student club dedicated to the promotion and advancement of internationalization efforts at the School of Business. The two co-founders were BComs Kieran Ryan (Grenoble, France in Fall 2005) and Tristan Khaner (Vienna in Winter 2007) who, upon return from their exchanges, wanted to contribute to the international profile and atmosphere at the School of Business. Their desire to help promote and further facilitate international opportunities for U of A business students as well as assist and better integrate the foreign students we receive from our partners has been an invaluable asset to achieving our strategic goals in the area of student exchange. This new level of student enthusiasm has begun to engender a new sense of excitement and awareness among the undergraduate students and bodes well for the future of the program. BEA had to look no further than their first information session in 2007 to validate this point, which drew 180 students; their first ever session in 2006 drew only 25.

AIESEC Edmonton – Internships AIESEC Edmonton, housed within the School of Business for 50 years in 2008, is a chapter of the largest student organization in the world, promoting global understanding through their global internship program, seminars, and events. Open to all U of A students, but with consistently heavy business representation in the executive and internships, AIESEC hosted and placed multiple students from Poland, India, Colombia, and Indonesia and will send this year’s students to Singapore, The Netherlands, Taiwan, and China.

MBA Games Net Impact 11


reputation • opportunity • innovation


A student at VU University in Amsterdam, Jakomijn van Wijk has done research at universities in Costa Rica and Sweden, but her best study-abroad experience has been right here at the U of A. It’s not just access to some of the world’s top researchers in her field of institutional theory and the area of professional service firms, it’s the way that both the students and faculty have reached out to make her feel welcome and at home. I never expected that. I’ll certainly miss the camaraderie, intellectual stimulation, and friendships.

Jakomijn van Wijk, VU University Amsterdam Dionne Pohler, U of A School of Business Claudia Gabbioneta, University of Milan


BEST IN CLASS Best Teaching Award

RESEARCH

2007 U of A William Hardy Alexander Award for Excellence in Undergraduate Teaching

rigorous, relevant, recognized

Webb Dussome

Research is the lifeblood of any great university.

First Annual Best Conference Paper Award

The School’s research mission and strategic goal is to be “recognized through our teaching and research as among the top 1 percent of full-service, policyshaping business schools globally.”

Beyond-GAAP Corporate Reporting: Quality, Value and Relationship to GAPP Canadian Financial Executives Research Foundation

Mike Gibbins

Global Recognition:

Best Paper Award

The School’s research output as measured by the Financial Times of London (FT) placed us 35th globally in 2006, compared to 48th in 2005, and 45th in 2004 and 2003.

Institutional Entrepreneurship and the Dynamics of Field Transformation,

The FT international ranking is the leading indicator of research excellence.

Twenty-two (17%) of faculty were involved in FT publications in 2006/06.

Editorial board membership in FT journals increased to 15 (11 individuals), the highest over the past five years.

International Accreditation: The School of Business was the first and remains the longest accredited Business School in Canada by the Association to Advance Collegiate Schools of Business – AACSB. Faculty satisfaction with infrastructure support (conference attendance, visiting researchers, research stipends, research workshops, research assistants, and doctoral support) increased over last year, from 5.61 to 6.23 on a 7-point scale and was the highest of the 27 institutions surveyed by the AACSB Educational Benchmarking Initiative. AACSB is the gold standard of business school accreditations.

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Academy of Management Journal

Royston Greenwood and Roy Suddaby Roy Suddaby

Second Annual Verity International Award for Overall Outstanding Paper in Management Integration and differentiation in institutional values: An empirical investigation in the field of Canadian national sport organizations. Canadian Journal of Administrative Studies

Bob Hinings Best Paper Award Do the stories they tell get them the money they need? The role of entrepreneurial narratives in resource acquisition. Academy of Management Journal

Devereaux Jennings and Jennifer Jennings Best Reviewer Award (2), Academy of Management Journal Ascendant Scholar Award, Western Academy of Management

Roy Suddaby


PhD Program The PhD program is integral in helping the school achieve one of its central goals – to be an internationally recognized centre for business research. In the 2007 Financial Times of London ranking, our doctoral program placed 74th globally and fifth nationally. Twelve new students joined the program this year from over 400 applications, scoring an average 720 in the GMAT, placing them in the top eight percent globally. Four of the students are Canadian, and we have also attracted outstanding students from the United States, the United Kingdom, Venezuela, Brazil, South Korea, and China. Our students play a crucial role in the life of our School in both research and teaching. This past year, over 45 of the approximately 70 students in the program attended and presented at major research conferences. Several of them won best paper awards. Dionne Pohler

Faculty SSHRC Grants

PhD Awards

Positive consumer contagion. Jennifer Argo

Killam – U of A Graduate Award

Employee commitment in context. Ian Gellatly Personalized customer interfaces. Gerald Häubl From aggression to initiative-taking: Organizing resilience in the helping profession. Michelle Inness Human resource architecture. Andrew Luchak Non-contractible information and managerial diversification in dynamic industry. Florin Sabac The effectiveness of reserve prices in internet auctions. Dawit Zerom and Peter Popkowski-Leszczyc

Christian Schmid and Flora Stormer

Honorary Killam and SSHRC Dionne Pohler

SSHRC Canadian Award Keri Kettle

SSHRC and Alberta Heritage Foundation Ellen Crumley SSHRC – Tyler Wry Dissertation Award – Annie Niu Recruiting Fellowship – Christina Hoang

2007 Graduate Studies Teaching Award Richard Enström 15


Accounting and Management Information Systems (AMIS) Accounting excellence in teaching and research throughout our 90-year history is why we were the first accredited business school in Canada and why we remain one of the best in Canada. Today, the area is also complemented by a smaller but top quality MIS group interested in information technology, innovation, globalization, and effectiveness. The ongoing strength and growth of the department is showcased by representation at and the hosting of conferences including David Cooper’s Globalizing, Managing, and Management International Accounting Conference; the housing of the Critical Perspectives in Accounting Journal; representation on the Accounting Standards Board of Canada by Tom Scott; the influential and often cited work in fraud and decision making of Karim Jamal; and the ongoing direction and counsel provided by Accounting Professor patriarch Mike Gibbins. Mike will be honoured in his upcoming retirement year at a tribute from the Chartered Accountants of Alberta for his enthusiasm and vision for his profession. Recruitment of the very best students and academics continues to be a top priority. Amy Choy joins the department from Washington University in Missouri and previously studied at the University of Macau. Her research interests include financial reporting behavior and principles, and auditor and client issues. Amy Choy 16


Finance and Management Science (FMS)

When new Assistant Professor David McLean was asked why he chose the Alberta School of Business, he was quite matter of fact when he said it was in the top tier of business schools in North America. David’s research interests include investments, the stock market, risk, and arbitrage. It also helped that he would be joining a stellar cast including internationally renowned finance expert Randall Morck, whose influence is felt here, there, and everywhere. Everyone in the finance area knows and respects his work. David was also able to take advantage of hearing Randall, a regular speaker at his alma mater, Harvard, as David received his PhD from nearby Boston College. Randall Morck, Stephen A Jarislowsky Distinguished Chair in Finance; Research Associate, National Bureau of Economic Research, Cambridge; Senior Research Associate, Harvard Law School; and 2006 recipient of the University Professor designation, continues to lead the field internationally with his work in governance. The Department is also closely aligned with two of the School’s applied research centres, the Centre for Excellence in Operations and the Canadian Corporate Governance Institute as well as the student-run Operations Management Club and Investors’ Club. PRIME, a student-run investment program, manages a fund now worth over $1.2 million.

David McLean

When new Assistant Professor David McLean was asked why he chose the Alberta School of Business, he was quite matter of fact when he said it was in the top tier of business schools in North America. 17


Marketing, Business Economics and Law (MABEL) Robert Fisher’s research in managerial and consumer decision making and new product development success has been published in leading journals and he is a member of key editorial boards. An international executive trainer and consultant, Robert is also an accomplished author. His well-received book entitled Internet Marketing in a Networked Economy is also available in Chinese.

Robert Fisher

Robert’s arrival is perfectly timed with the creation of the newly formed School of Retailing where his expertise and leadership in consumer behaviour will continue to build the retailing momentum at the School. 18

Robert Fisher joins us as a full professor with an already stellar career in academia including seven years at the University of Southern California and eight years at the Richard Ivey Business School at the University of Western Ontario. His PhD was earned at the University of Colorado. Robert’s arrival is perfectly timed with the creation of the newly formed School of Retailing where his expertise and leadership in consumer behaviour will continue to build the retailing momentum at the School. Colleague Jennifer Argo received tenure this year as well as attending the prestigious invitation-only MSI Young Scholars Retreat in Utah. This bi-annual event is for the world’s leading young scholars in marketing. Jennifer was one of two Canadians invited in recognition of her research in social influence theory.


Strategic Management and Organization (SMORG)

In only two years since receiving her Queen’s PhD, Michelle Inness has had significant impact including two publications in the prestigious Financial Times of London listings, and a SSHRC grant for her leadingedge research in workplace aggression. Her favorite article is entitled Understanding supervisor-targeted aggression which appeared in the Journal of Applied Psychology. Michelle’s research prowess is well suited to SMORG, one of the highest ranked departments in Canada with respect to publications in top tier journals. SMORG is top ten internationally with respect to its members’ placements in the Academy of Management Journal, which is undisputedly regarded as one of the top three international management journals. SMORG once again cleaned up at this year’s “Academy Awards,” taking home five awards for their research and reviews in the areas of professional service firms, entrepreneurship and family business. Associate Dean Research Royston Greenwood was also elected Division Chair Elect of the Organization and Management Theory division for the Academy of Management. The department’s international reputation continues to grow.

Michelle Inness

SMORG once again cleaned up at this year’s “Academy Awards,” taking home five awards for their research and reviews in the areas of professional service firms, entrepreneurship and family business.

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MBA Program We are beginning 2007 with the largest intake of MBA students in the history of the University of Alberta. The full-time program welcomes 54 students, our Fort McMurray Natural Resource and Energy MBA begins its third cohort with 28 students, and the part-time program will hit an unprecedented 56 students. Our joint Executive MBA program with the University of Calgary was ranked 46th in the world by the Financial Times of London, one of only three Canadian business schools to rank in the top 50. In 2006, the programs placed 65th. The first-ever Edmonton based co-hort begins this year with 15 students. Our full-time program welcomes our first ever medical doctor, four others with PhDs, and our first ever student from Nepal. Fifty-five percent of the class is international with students from 17 countries: Argentina, Bangladesh, China, Egypt, France, India, Iran, Jordan, Korea, Maldova, Nepal, Nigeria, Pakistan, Romania, Russia, Syria, and the United States. After extensive consultation with students, alumni, faculty, and the business community, the MBA program has made a number of significant changes to its curriculum for the 2007 school year. Full-time students will now start their MBA program with a mandatory leadership class during the last week in August. The new curriculum also requires students to complete courses in Career Management and Business Communication as well as Ethics and Corporate Social Responsibility.

Garth Von Hagen, Paul Gour, Sushil Dudani and Steven Dyck EMBA Study Tour: Helsinki, St. Petersburg, Stockholm

MBA: innovate, accelerate, transform Program Offerings: Full Time, Part Time, Fort McMurray, EMBA Double Degree International MBA: Grenoble (France), ITESM (Mexico)

Specializations: International Business Leisure and Sport Management Natural Resources and Energy

International Study Tours

Public Management

Given the success of the first MBA study tour to China in 2006, the two-week study tour has become an annual life-changing opportunity with a return trip in 2007.

Joint Degrees:

The Executive MBA class spent their two-week study tour in Helsinki, St. Petersburg, and Stockholm.

Technology Commercialization

MBA/Master of Agriculture MBA/Master of Engineering MBA/Master of Forestry MBA/LLB

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BCom: connected to the community BCom: General, Bilingual, After Degree, Cooperative Education BCom Honours: Accounting, Finance, Management Science

Majors: Accounting Business Economics and Law Business Studies Decision and Information Systems Distribution Management East Asian Studies Entrepreneurship and Family Enterprise European Studies Finance Human Resource Management International Business Latin American Studies Management Information Systems Management and Organization Marketing Operations Management Retailing and Services

BCom: Entrepreneurial Energy Satisfied students – very satisfied students – is what the School of Business has been producing for over 90 years. Student satisfaction is a closely watched metric, and this last year’s study shows once again that the School is on target: Would you choose the same program? Would you recommend to a friend? Satisfied with education received? Satisfied with courses taken?

93.3% 97.3% 96.3% 95.3%

The Alberta BCom is very much about choice, challenge, and community with 17 majors to choose from and a strong emphasis on being part of the university, business, and global communities. International majors include International Business and three unique language streams – BCom East Asian Studies, BCom European Studies, and BCom Latin American Studies. The three most popular majors continue to be Accounting, Finance, and Marketing. The fourth most popular major is Business Economics and Law; we are the only Business School in Canada to have such a major.

Entrepreneurship and Family Enterprise Receptive to student and industry demand, a new offering this year was in Entrepreneurship and Family Enterprise, combining the School’s depth in both family business and entrepreneurship. The School of Business’ Family Enterprise Initiative includes the Alberta Business Family Institute (ABFI) and our Centre for Entrepreneurship and Family Enterprise (CEFE). CEFE offers rigorous research, recognized teaching excellence, and relevant entrepreneurial initiatives for students. Lead and encouraged by CEFE director Professor Lloyd Steier, our students took full advantage of the many local, provincial, and national business plan competitions including VenturePrize, Enterprize Prairies, and our own CEFE Student Business Plan Competition. ABFI is now located in Enterprise Square, with a newly appointed director, Jim Henderson Kendal Harazny, Canadian Student Entrepreneur of the Year

21


CIBS participates in Moscow International Oil & Gas Exhibition

CABREE studies Russian energy sector.

MBA study tour to China.

Executive Education and Lifelong Learning expands into Northwest and Yukon Territories

Alberta School of Business opens China office

BCom East Asian Studies BCom European Studies BCom International Business BCom Latin American Studies MBA International Business MBA Dual Degree – Grenoble, France MBA Dual Degree – ITESM, Mexico

International internship at Times of India in New Delhi. 22

First MBA student from Nepal.

EPCOR Distinguished Lecturer Peter Droege

Alumni event held at Cliff Lede Vineyards in Napa Valley


Natural Resource and Energy study tour to Houston

Visiting professor from ITAM (Instituto Tecnologico Autonomo de Mexico)

BCom student Bradley Prince wins Export Development Canada Scholarship

Energy internship in Peru’s rain forest

Students attend George Washington MBA International Case Competition

Bolivia/Venezuela Program for Petroleum Executives

Three coop job placements in London

Israel – 66,724 visitors to our website

EMBA study tour to Helsinki, St. Petersburg and Stockholm

Lloyd Steier keynote speaker to Turkish President and 1,000 attendees

New student exchange agreement with Bilkent University in Turkey 23


futures unlimited

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Top left: Corporate Support - Shell Business 201 Case Competition Above: Alumni - Mike Forest, ’05 BCom, professional driver Left: Nick Wildman, Internship, Tempus Logistics, Shenzhen

The internship has really helped me put the textbook knowledge that I have learned in school into real life situations. The program has helped me to develop contacts within the international business community and has been an unbelievable experience. I would highly recommend this opportunity to anyone who is interested in any aspect of international business or anyone who is just looking for an adventure. Nick Wildman 25


Student Placement

BCom 2006/07

Solid Futures

Registered

In 2006/2007 our Business Career Services office received 1330 job postings from 549 employers.

Graduates 3-month Placement – BCom

91%

MBA graduates average wage: $73,000.

3-month Placement – Co-op

100%

BCom graduates average wage: $43,637.

The BCom Cooperative Education Program received 525 job postings for 340 placements from 135 different companies.

MBA 2006/07 Applications

336

BCom Co-op graduates: average wage $47,463.

Admissions

152

Full-time

54

Students who did international placements in the last year include:

Part-time

56

Nancy Hamel – Property Solutions (London)

Fort McMurray

28

Phillip Au – St. James Place Partnership (London)

Olalekan Oladokun – Dresdener Kleinwort (Singapore)

Elliott Carver – Tempus Logistics (China)

Ashley Vanmaele – Visual Magic (Dubai)

Tracy Henebury – Washington Institute (DC)

Our EMBA program finished 46th in the world in the 2007 Financial Times of London rankings. The program finished first among Canadian business schools and seventh worldwide in the category that measure graduates’ career progress since taking the program.

Applications

Program Quota

EMBA Total Enrolled Students Graduates 3-month Placement

1849 771 2070 632

14 301 91 94%

PhD 2006/07 Applications

291

Offers

29

New Students

12

There are incredible opportunities for Business PhDs – salary levels, funding opportunities for research projects, and the crucial role of management research and education for Canada and the world.

Enroled Students

70

Comprehensive Exams

15

Candidacy Exams

5

Our ten graduating students have taken positions with leading universities in Canada and overseas. They include McGill, Simon Fraser, Lancaster, City University of Hongkong, and the National University of Singapore.

Defended

9

Convocated

9

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BUSINESS U N I V E R S I T Y O F A L B E R TA S C H O O L O F

W W W. B U S . U A L B E R TA . C A

SPRING/SUMMER 2007

ALUMNI MAGAZINE

Alumni Global Impact Business alumni are found worldwide and their willingness to support their alma mater is invaluable.

D A R E

T O

International profiles of our alumni are always popular additions to our Business Alumni Magazine. The fall ’06 issue featured Bruce Rigal, ’84 BCom in London, England where he is Global Chief Operating Officer of Global Banking for Deutsche Bank in London. Deutsche Bank London has since hired one of our students.

D E V E L O P

DUBAI

BUSINESS U N I V E R S I T Y O F A L B E R TA S C H O O L O F

W W W. B U S . U A L B E R TA . C A

SPRING/SUMMER 06

The winter ’07 featured our duo in Dubai, Lorne Braithwaite, ’63 BCom, and Alfred Sorensen, ’83 BCom; both also shared their stories in our MBA Forums and Eric Geddes Alumni events in Edmonton and Calgary.

ALUMNI MAGAZINE

BUSINESS U N I V E R S I T Y O F A L B E R TA S C H O O L O F

W W W. B U S . U A L B E R TA . C A

FALL/WINTER 06/07

ALUMNI MAGAZINE

Cliff Lede Vineyards

Bruce Rigal in London

Alberta School of Business chapters are active across Canada, in the US, the UK, and Hong Kong. The first annual Cliff Lede (’72 BCom) Vineyard wine tasting was held in Napa Valley in November. The U of A Business Alumni Association is the most active alumni group on campus. The China, Vancouver, and Calgary chapters have also been buoyed by the opening and expansion of U of A offices. Alumni provide key strategic advice as members of our Business Advisory Council. International members include Karl Funke, ’87 MBA, Germany, Bernard Mah, ’75 BCom, Hong Kong and Rosemary Domecki, ’77 BCom, Texas. All hosted our students in relevant MBA study tours to their countries. The new chair of our Business Advisory Council is Guy Turcotte, ’76 MBA, who is committed to making the School and the world a better place.

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Executive Education Lifelong Learning Options The demand for executive education continues to grow worldwide and providing lifelong learning options for our alumni and business communities is a natural extension and enhancement of our core competencies as we compete in an ever-changing global business environment. Executive Education and Lifelong Learning (EELL) continues to provide professional development and learning opportunities throughout western and northern Canada. Sessions and courses are scheduled throughout Alberta as well as the Yukon Territory and Northwest Territories. EELL also works in cooperation with our applied research centres in offering customized executive development programming in their specialization areas of international business with extensive programming in China and increased programming in India as well as retailing, family business, and energy.

Highlights This past year saw an increase in the number of program offerings, participant enrolment, and operational efficiencies, yielding a 71percent growth in revenue. Over 5000 participants participated in open enrolment, customized, and industryspecific sessions. The Energy Sector Leadership Development Program was launched and will be delivered on an annual basis. 2007 is the 20th anniversary of our most longstanding program. The Senior and Executive Managers’ Development Program was developed in 1987 in partnership with the Government of Alberta and offers a full suite of offerings designed to meet the evolving needs of public service management. An innovation course as well as a supervisory and leadership program featuring a new learning model designed by the U of A is proposed.

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On the Move In fall 2006, the Alberta School of Business opened an office in Shenzhen, China. In fall 2007, Executive Education and Lifelong Learning moved to Enterprise Square in downtown Edmonton. This new space offers dedicated smarttechnology-equipped classroom space, student lounge space, and administrative space. In 2008, our Southern Alberta Liaison Office will be relocating to new office and classroom space in downtown Calgary. Like the Edmonton location, the Calgary venue will offer dedicated smart-technology-equipped classroom space and administrative space.


School of Retailing Responding to Future Needs A School of Retailing has been established at the University of Alberta building on the 16-year foundation of the School of Business’ Canadian Institute of Retailing and Services (CIRAS), the depth of faculty expertise, the overwhelming demand by students and partners to expand offerings, and the solid and growing financial support of industry. The mission for the School of Retailing is to be recognized as the foremost authority and source of retailing education in North America.

Jennifer Argo, Robert Fisher, Paul McElhone, Associate Director School of Retailing; at West Edmonton Mall, longstanding Industry Leader Partner.

Faculty and Specializations Jennifer Argo

Gerald Häubl

Doug Olsen

In store social influences and shopping emotions.

Print and radio advertising, affect in advertising

Terry Elrod

Consumer decision making, consumer search behaviour, personalized interfaces, and online auctions.

Application of advanced statistical technologies to assessment of customer response.

Ric Johnson

Peter Popkowski-Leszczyc

Consumer judgement and decision making.

Online and offline auctions, consumer store choice and shopping behavior, produce bundling, pricing and promotion strategies

Yu Ma

John Pracejus

Consumer shopping basket decision, scanner data models, and store competition.

Affect in advertising, cause related marketing, and sponsorship.

Adam Finn Service assessment, shopping centre and store choice, customer delight and mystery shopping.

Robert Fisher New product development, consumer decision making, socially responsible marketing and internet marketing.

Paul Messinger Distribution channel rivalry, grocery channel power, retailer-consumer web interaction cycle and service science. 29


Wired up for Learning An ongoing commitment to technology and infrastructure to enhance the learning, teaching, and research options for our students and faculty is a top priority. The School continues to improve its eLearning platform – Blackboard. When asked the question – “Do you like Blackboard?” – 98% of students said YES. As 76% of business students own a laptop, the School is committed to adapting the infrastructure to the needs of the mobile learner. Wireless laptops combined with wireless networks make every space a learning space.

Three new tools for learning: •

Blogs allow students to converse, journal, and share their educational experiences. • Wikis are useful for group projects, creating a web space for students to collaborate. • Synchronous communication empowers instructors to deliver tutorials, seminars and even complete classes online and in realtime. All have tremendous potential for further internationalizing the curriculum.

PhD laptop program: A state-of-the-art laptop program and a complementary technology called SoftGrid was introduced for doctoral students. SoftGrid is a powerful new technology because it permits the now mobile doctoral student to access and use any software application they require from anywhere in the world.

A super-computer for research: The new super computer and technology software allows the School to create a communal research environment, converging all research computing needs to a single standardized infrastructure. The super computer and VMWare combined provide the School with an adaptive and flexible research environment. Computing requirements for research can now be met in hours instead of weeks, the cost of conducting research is lower, and the service is sustainable over the longterm.

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Global Recognition: CNN October 2, 2006 Along with the Duke University’s Fuqua School of Business . . . another institution which takes new learning particularly seriously is Alberta School of Business, part of Canada’s University of Alberta. The entire school is a wireless network, meaning students with wireless-enabled notebook computers can use the Internet, email and the university’s own intranet network from anywhere.

Google Searches: #1 with search term “School of Business” in Canada #2 with search term “Bachelor of Commerce” in Canada #2 with search term “Masters of Business Administration in Canada” (second only to WikiPedia). #3 with search term “Business PhD” in Canada.

Top 10 Global Inquiries: .ca

Canada

.us

United States

.il

Israel

.uk

United Kingdom

.au

Australia

.nl

Netherlands

.de

Germany

.in

India

.jp

Japan

.mx

Mexico

.fr

France

.cn

China


Student Exchange Opportunities

Recruitment of Scholars

Austria

Wirtschaftsuniversität Wien (Vienna University of Economics & Business Administration)

Canada

HEC Montreal (beginning 2008/2009)

Chile

Universidad de Chile

China

Xian Jiatong University (in negotiation)

China

Nanjing University of Science and Technology (in negotiation)

Denmark

Copenhagen School of Business

Ecuador

Universidad San Francisco de Quito

France

Sup de Co-Montpellier

France

Grenoble École de Management

France

EDHEC Business School, Lille-Nice

Germany

European Business School, International University Schloss Reichartshausen (beginning 2008/2009)

Germany

WHU – Otto Beisheim School of Management

Germany

University of Erlangen-Nürnberg

Hong Kong

Hong Kong Polytechnic University

Hong Kong

Hong Kong University of Science and Technology

India

IILM, New Delhi (beginning 2008/2009)

India

IIM Bangalore (in negotiation)

Japan

Nagoya University of Commerce and Business Administration (beginning 2008/2009)

Mexico

ITESM (Tec de Monterrey) – Various Campuses

Sweden

Uppsala University

Thailand

Thammasat University

Why did the Kandlers establish an international student exchange?

Turkey

Bilkent University

Scotland, UK

University of Edinburgh

“It would open a window to the other world within a regular program of studies and help lay the foundation for a life-long truly international orientation.”

The future of the Business School is built on the reputation of our students, faculty, and alumni. The recruitment of intellect has never been more competitive or more global. Scholarships help us to recruit the best and brightest from here at home and around the world. Endowment funds are integral in order to attract and retain world-class faculty. An ongoing investment in our infrastructure and technology platform keeps us at the leading edge. Support of the applied, practical research of our centres and faculty allow us to be absolutely integrated into the Alberta, Canada, and global business communities. International student scholarships include: • • • • •

The Bernard CO Mah (Giordano) MBA Award in International Business Frances Gibbins Travel Award for International Student Exchanges Kandler Scholarship for International Student Exchange with Austria. Vienna Student Exchange Scholarship Hong Kong – Canada Business Association for International Student Exchange.

New this year is the Natalie and James Loh International Student Award Fund. Natalie, ’74 BCom, and her husband James, have made a five year commitment to fund international student scholarships for selected students from Hong Kong, Singapore, and China. The longest standing scholarships in support of our student exchange program are the Joseph and Melitta Kandler Scholarships for International Student Exchange with Austria. Established in 1991, 85 business students have been able to participate in the exchange with Joseph’s alma mater, the Wirtschaftsuniversitat Wien. The Kandlers also support a research travel grant for faculty.

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leadership value+

32


Leader of the Way: Mike Percy Dean Mike Percy’s support and participation in the U of A United Way Leaders of the Way Campaign is a great testament to the importance he places on the future of students and community. During last fall’s campaign, Business students banded together to raise over $10,000. The Business 201 coin collection raised over $1500 as did the Operations Management Club. The Business Students’ Association mini-golf initiative raised $300 as did Professor Ingolfsson’s Management Science class. And the largest undergraduate student case competition, JDC West, raised just shy of $6300 in their Chillin’ for Charity event. Staying connected to students is a top priority and Mike teaches all first-year business students their introductory business course, Business 201, where he emphasizes the importance of understanding the triple bottom line. When Mike was asked by his students to jump into a tank of freezing cold water on what would be the coldest November day, he said yes in a heartbeat. Mike Percy leads by example and allows leaders to emerge throughout the School – he welcomes and seeks advice from the student, faculty, alumni, and business communities and considers all part of his leadership team. Mike was universally acclaimed to begin his third term as Dean in July 2007.

Stanley A Milner Chair in Leadership and Dean Mike Percy

Director PhD David Cooper

Vice-Dean Tom Scott

Assistant Dean, Executive Education and Lifelong Learning Carolyn Campbell

Associate Dean Research Royston Greenwood

Assistant Dean, International Edy Wong

Associate Dean, Undergraduate Program Elaine Geddes

Chair, Accounting and Management Information Systems Peter Tiessen

Associate Dean, MBA Program Doug Olsen

Chair, Finance and Management Science Vikas Mehrotra Chair, Marketing, Business Economics and Law Ric Johnson Chair, Strategic Management and Organization Yonatan Reshef Chair, Business Advisory Council Guy Turcotte

Presidents: Business Alumni Association Harvey Lawton 06/07 Aaron Brown 07/08 MBA Association Henning Moe 06/07 Dan Kickham 07/08 Business Students’ Association Jasmine Konsorada 06/07 Jessica Leung 07/08

33


Business Advisory Council (BAC) Karl Funke

Bernard C O Mah

Roger Phillips

Steven Williams

Chairman Western Oil Sands Inc. Calgary, Alberta

President and CEO Multitest elektronische Systeme GmbH Rosenheim, Germany

Honourary Director IPSCO Inc. Regina, Saskatchewan

Chief Operating Officer Suncor Energy Inc Calgary, Alberta

Barry James

Larry Pollock

William Winspear*

Judith Athaide

Executive Director of Giordano Group and Chief Executive of China Operations Giordano International Ltd Kowloon, Hong Kong

President and CEO Canadian Western Bank Edmonton, Alberta

Ralph Young

BAC Chairman:

Guy J Turcotte

President The Cogent Group Inc Calgary, Alberta

Hugh Bolton

Managing Partner PricewaterhouseCoopers LLP Edmonton, Alberta

Corporate Director, Financial Consultant, and Chairman of the Board EPCOR Utilities Inc Edmonton, Alberta

Kent Jespersen

Court Carruthers

Irv Kipnes

President Acklands Grainger Mississauga, Ontario

Patrick Daniel President and CEO Enbridge Inc Calgary, Alberta

Marc de L a Bruyère Managing Director Maclab Enterprises Edmonton, Alberta

Rosemary Domecki President Domtex Equities Inc Dallas, Texas

John Ferguson Chairman, Princeton Ventures Ltd Chancellor Emeritus University of Alberta Edmonton, Alberta 34

Chairman and CEO La Jolla Resources International Ltd Calgary, Alberta President and CEO Delcon Capital Corporation/ Liquor Stores Income Fund Edmonton, Alberta

Hiroshi Kurimoto

Gay Mitchell Executive Vice President - Strategic Business Development Canadian Personal and Business Clients RBC Financial Group Toronto, Ontario

Amit Monga Technology Investment Banking National Bank Financial Toronto, Ontario

Randall Morck

President Nagoya University of Commerce and Business Administration Nisshin-shi, Aichi, Japan

Stephen A Jarislowsky Distinguished Chair in Finance University of Alberta School of Business Edmonton, Alberta

Phil Lachambre

Donald Oborowsky

President PCML Consulting Inc Edmonton, Alberta

R J (Bob) MacLean Chairman RJM Corp Edmonton, Alberta

President and CEO Waiward Steel Fabricators Ltd Edmonton, Alberta

Mike Percy Stanley A Milner Professor and Dean University of Alberta School of Business Edmonton, Alberta

Mary Ritchie President Richford Holdings Ltd Edmonton, Alberta

Charlotte Robb President and CEO Dynacare Kasper Medical Laboratories Edmonton, Alberta

Indira Samarasekera President and Vice Chancellor University of Alberta Edmonton, Alberta

Robert Sanderman President Oakwood Commercial Ventures Denver, Colorado

Donald Swystun Executive Vice President, Corporate Development Group EnCana Corp Calgary, Alberta

Joseph Thompson Chairman PCL Construction Group Inc. Edmonton, Alberta

Dallas, Texas President and CEO Melcor Developments Ltd Edmonton, Alberta

Incoming Members for 2007/08: Evan Chrapko CEO, Crystal Cougar Group of Companies, Edmonton, Alberta

Kim Ward President, Interward Asset Management Limited, Toronto, Ontario

Don Wheaton Jr President, Don Wheaton Limited, Edmonton, Alberta

* Deceased – June 2007


CBLA Canadian Business Leader Award 2007

Business Alumni Association (BAA)

Wednesday, March 14, 2007 Edmonton Dustin Bateyko, ’01 BCom

Jessica Leung

Cushman & Wakefield Edmonton

President, Business Students’ Association Alberta School of Business

Ross Bradford, ’85 MBA School of Business Faculty Representative

Harvey Lawton, ’73 BCom

Aaron Brown, ’97 BCom

Aon Reed Stenhouse Inc. BAA Past President

Senior Manager, Portfolio Research Alberta Finance BAA President

Elke Christianson Director, External Relations Alberta School of Business

Jami Drake Manager, Alumni Programs Alberta School of Business

Russ Farmer, ’04 MBA Russell Farmer and Associates Consulting Ltd.

Darryl Lesiuk,’91 BCom Myers Norris Penny LLP BAA Vice President

Robert Parks, ’99 MBA Senior Associate Banister Research & Consulting Inc.

Kurian Tharakan, ’86 BCom PricewaterhouseCoopers LLP U of A Alumni Council Business Representative

Barton Goth, ’03 MBA

Congratulations to

dominic d’alessandro

Goth & Company Inc.

Dan Kickham President, MBA Association Alberta School of Business

President and Chief Executive Officer Manulife Financial Corporation Premier Sponsor

35


Financials

Source of Funds

Statement of Activity and Cash Flows*

University Funds as at March 31 fiscal year

Fiscal 2006-07 Actual

17,187,000

Fiscal 2007-08 Forecast

50%

17,816,000

50%

Own Source Funds Endowment & Interest Income

3,047,000

3,100,000

Professional Development

5,085,000

5,485,000

Centres and Conferences

889,000

700,000

Research Grants and Contracts

2,167,000

2,189,000

Donations

1,721,000

2,000,000

648,000

725,000

MBA Differential Fee Undergraduate Differential Fee

650,000

650,000

Cost-Recovery Programs

1,776,000

1,575,000

Government Access Funds

1,275,000

own source

total source of funds

17,258,000

1,689,000 50%

34,445,000

18,113,000

50%

35,929,000

Use of Funds Teaching 1

11,285,000

35%

12,700,000

36%

Research

8,096,000

25%

8,763,000

25%

1

Service, Community Relations, Development

2,796,000

8%

3,055,000

8%

Professional Development

4,115,000

12%

5,070,000

14%

Technology and Infrastructure

1,881,000

6%

1,951,000

5%

Operating and Support Services

4,434,000

14%

4,478,000

12%

total use of funds Net Unrestricted Reserves, Ending Balance2

32,607,000

36,017,000

3,002,000

2,914,000

* This statement reflects cash-based activities and represents a managerial view of the School’s fiscal operations. Accordingly, certain activities such as fund raising, professional development and research recognize revenue when it is received rather than when it is pledged or committed. This includes a proportionate share of academic payroll as it relates to the teaching and research components of scholarly responsibility to the University.

1

Net Unrestricted Reserves comprise balances in own source research, endowment, and donation funds that are used to advance specified education, research and service purposes according to the terms and conditions of the source.

2

36


Kristina Williams, ’05 MBA Marketing Director, Cevena Bioproducts Inc. Appointed Consul for Honourary Consulate of Sweden in Edmonton, 2007. 37


The Winspear Way It is most fitting and poignant that our 2007 Report to the Community was held in the lobby of Francis Winspear Centre for Music in the heart of downtown Edmonton; there is perhaps no family who have shown greater heart for the future of our students and communities that have touched their lives. The year 2006/2007 marked the 90th anniversary of the School of Business and the legacy of the Winspears was at its every turn whether it was teaching, research, or community service. In 1930 Francis Winspear was hired as an accounting lecturer and was later appointed the first Director of the School of Commerce in 1954. He received the School’s first Canadian Business Leader Award in 1982. The Winspear Business Reference Library opened in 1984 and the Francis and Harriet Winspear Students’ Centre opened in September 1998. The year 2007 marked the tenth anniversary of his death. Harriett Snowball Winspear again attended the Undergraduate Awards Ceremony in January and presented each of the five recipients of her annual scholarship with one of her infamous hugs. This year also saw the release of her memoirs. It was a pleasure and honour for the School to contribute to the Harriet Winspear Book Project and to help celebrate her 103rd birthday in August. The Estate of Claude Winspear through The Winspear Foundation enabled the creation of the Claude Winspear MBA Award. At the University of Alberta’s Reunion Weekend 2006, William Winspear, ’54 BCom, received the Distinguished Alumni Award; Bill is recognized as one of North America’s outstanding business leaders and philanthropists. Bill, who passed away in June, was also a valued member of our Business Advisory Council where in his last meeting with us, again reiterated his desire and enthusiasm for how best we can prepare well balanced students for their futures. To honour Bill, the Dean has established the William Winspear Business Advisory Council Dean’s Citation. As we look forward to the future and celebrating the University of Alberta’s Centenary in 2008, may the Winspear spirit continue to lead the way. 38

Francis Winspear illustration, 90th anniversary commemorative calendar.


futures futures (noun) 1. time that is to come; an expectation of advancement or progressive development 2. a bulk commodity bought for future acceptance or sold for future delivery.

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Annual Review 2006/2007