Fall 2014 Villanova Business Magazine

Villanova

Fall 2014

BUSINESS

The Building Blocks of

EXPERIENCE

F E AT U R E S 4 / DEAN’S UPDATE

6 / STUDENT ACHIEVEMENTS

16 / MOMENTUM

22 / SPOTLIGHTS

content FA L L 2 0 1 4

4 6 10 16

DEAN’S UPDATE The Experience Initiative

STUDENT ACHIEVEMENTS Real Estate Teams Dominate

COVER STORY The Building Blocks of Experience

MOMENTUM Two New Master’s Degrees Introduced for Online Students

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Villanova Business magazine is published semiannually for alumni and friends of the Villanova School of Business.

It is available in a print edition and online at business.villanova.edu.

Amayo Bassey ’14 VSB (far left) traveled with a group of Villanova University students on a service trip to the Dominican Republic.

Send comments and questions to VSBCommunicationsandMarketing@villanova.edu.

Villanova Business 800 Lancaster Avenue Villanova, PA 19085-1678 610-519-5424 business.villanova.edu

THE HELEN AND WILLIAM O’TOOLE DEAN PATRICK G. MAGGITTI, PhD DIRECTOR OF COMMUNICATION AND MARKETING CATHY J. TONER EDITOR MARIANA J. MARTINEZ CONTRIBUTORS Curtis M. Doelling ’16 VSB, Reilly F. Harmer ’14 CLAS, John Kelley ’14 COE, Martin Maloney ’16 VSB, Jonathan M. Mantovani ’16 CLAS, Elizabeth L. Schmidt, Anna C. Yurcheshen DESIGN AND PRODUCTION JK Design

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D E A N ’ S U P D AT E

The Experience Initiative Experience is invaluable. Students comprehend a concept best when they practice it. With unique items on their resumes to discuss, they differentiate themselves in the job market, and present themselves as prepared to have an immediate and valuable impact with employers. We believe it is our duty to ensure that Villanova School of Business (VSB) students have opportunities to participate in real-world business situations, to give them a leg up in the job market and to ensure their future success. We also believe – and we think our alumni will agree – the Villanova community affords our students a chance to enjoy a special experience that is unlike any other.

VSB faculty impart extensive industry knowledge to our students. They marry theory to practice in a safe environment where students can learn, try new ideas, take on leadership roles, launch businesses and encounter failure. New ideas are tested and enhanced by supportive faculty and alumni who allow our students to discover their passions, what motivates them and where their strengths lie.

Nearly 60 percent of our students study abroad and an increasing number of these students also pursue internships in their host countries. These encounters enable them to partake in new cultures and situations. They gain firsthand insight into global commerce, international consumers and the obligations of business around the world. These experiences prepare them for working in a global economy.

They become skilled at navigating different cultures and engaging co-workers and clients around the world.

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Over 90 percent of VSB students in the Class of 2014 reported having a business-related internship. Those immersions provide a forum to learn about the professional world, and enable students to work among multiple industries and corporate cultures, helping them understand where they fit and in what environments they thrive. Additionally, many internships are entry points for full-time jobs. They allow both the student and the employer to see if full-time employment is a fit.

At VSB, in all of these ways, we prepare students for their future by educating them and by offering experiences where they can learn about themselves and their strengths. This combination of skills, immersion and engagement leads to job opportunities, good salaries, career advancement and job satisfaction. All of this leads to greater success and personal growth. We develop creative problem solvers who have a positive impact on others and propel themselves and their organizations to greatness.

This year, we were blessed to receive generous

It is our duty to ensure VSB students have opportunities to participate in real-world experiences.

gifts from alumni James C. Davis ’81 VSB, James V. O’Donnell ’63 VSB, Robert F. Moran ’72 VSB

/ Patrick G. Maggitti, PhD

and Daniel M. DiLella ’73 VSB, all of whom – along with many other individuals – made pledges intended to enhance our students’ experience. I am incredibly grateful and thrilled that now, we can go even further to ensure VSB students graduate with the most in-depth understanding of business and greatest amount of practice possible.

Experience matters, and at

With best regards,

VSB, it’s what we offer – an experience that is uniquely Villanovan and is unrivaled in the world of business education. \V/

Patrick G. Maggitti, PhD The Helen and William O’Toole Dean Villanova School of Business

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STUDENT ACHIEVEMENTS

REAL ESTATE TEAMS DOMINATE AT NATIONAL COMPETITIONS

Sean Bryce ’14 VSB, Lauren Nygren ’14 VSB, Jack Herrill ’14 VSB, Michael O’Neill ’14 VSB, Catherine Millane ’14 VSB and Rachael Paolino ’14 VSB won first place at the Cornell Real Estate Challenge.

With the support of the Daniel M. DiLella Center for Real Estate, two groups of Villanova School of Business (VSB) students took first place in two separate national real estate competitions.

At the Cornell Real Estate Challenge, Michael O’Neill ’14 VSB, Rachael Paolino ’14 VSB, Sean Bryce ’14 VSB, Catherine Millane ’14 VSB, Jack Herrill ’14 VSB and Lauren Nygren ’14 VSB won a $10,000 cash prize.

Herrill, Nygren and O’Neill returned and were joined by Kyle Grant ’14 VSB for the Fifth Annual Villanova Real Estate Challenge, where they Kyle Grant ’14 VSB joined Herrill, Nygren and O’Neill, and the team took home first place in the Villanova Real Estate Challenge.

outperformed 13 other teams and took home the $5,000 cash prize.

Both the Cornell and Villanova competitions bring together the

These teams certainly outshined the other contestants. What a tribute to them and to our real estate program in VSB. / Anthony Ziccardi vice president, Brandywine Realty Trust

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nation’s top real estate programs and task students with developing creative solutions to real-world real estate problems. Both competitions entail presenting to a full panel of industry judges, faculty, competitors and spectators. Shawn Howton, faculty director of the Daniel M. DiLella Center for Real Estate, said, “The effort the students put into these competitions was incredible. Beating such storied real estate programs shows VSB and the DiLella Center are on the national radar in the area of undergraduate real estate education.”

Senior Rewarded for Entrepreneurial Spirit The Center for Innovation, Creativity and Entrepreneurship (ICE Center) bestowed the annual Meyer Innovation and Creative Excellence (ICE) Award to Charles Dolan ’14 VSB. Dolan earned this recognition for completing the ICE CaPS (Certificate Program for Sophomores), being actively involved in the ICE Center since its inception and attending the second trip of the Villanova in the Valley program.

Most importantly, Dolan is an entrepreneur in the most real sense of the term. He co-founded the successful Sequoia Waste Solutions in Pittsburgh, an accomplishment that landed him a feature story in The Philadelphia Inquirer.

The ICE Awards were created and endowed by Patrick Meyer ’74 VSB in honor of the Meyer family (Patrick ’74 VSB, Edward ’86 VSB and C. Paul ’30 VSB) to recognize a spirit of innovation, creativity and entrepreneurship that enhances Villanova University. Dolan took home a Edward Meyer ’86 VSB presents the Meyer ICE Award to Charles Dolan ’14 VSB.

trophy and a $1,000 prize.

Accounting Major a Master in the Field Mara Pisco ’15 VSB, an accounting and management information systems double major, earned numerous accounting honors for excellence in the subject.

The Jennifer L. Kane Endowed University Scholarship at Villanova is named after the 1997 alumna who lost her life on September 11, 2001. Mara won this scholarship for being an accomplished female student who possesses the qualities that Jennifer exemplified, including a strong academic and professional work ethic.

Mara Pisco ’15 VSB won several accounting honors for outstanding performance in the field.

Mara was also awarded the PICPA (Pennsylvania Institute of Certified Public Accountants) Multi-Year Scholarship and the Vanguard Minority Scholarship.

The PICPA honor is given to those who satisfy the requirements of high intellectual capacity, leadership potential, financial need and intent to pursue a career in accounting. The Vanguard scholarship is also a merit-based honor, awarded to minority students who demonstrate academic excellence and leadership potential.

KPMG also invited Mara to participate in its Fast Forward Program. Fast Forward is a three-day leadership development program that is designed to educate students about the accounting profession, KPMG and situational leadership through a specialized curriculum. Only 110 students were selected to attend this program. They are chosen for being leaders on campus and in their communities, and for embodying KPMG’s core values. \V/

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F A C U LT Y A C H I E V E M E N T S

THOMAS MONAHAN Thomas “Tim” Monahan, PhD, the John M. Cooney Endowed Professor of Accountancy and Information Systems, earned the prestigious title of Dean Emeritus of the Villanova School of Business (VSB).

Dr. Monahan has been a prized member of the VSB community since 1981. During his more than 30 years here, he has been a teacher, a mentor, an administrator and a founder. It is Dr. Monahan who developed and launched the Executive MBA program at VSB. He also led VSB, serving as dean from 1996 to 2003. Today he still teaches at both the undergraduate and graduate level, and remains active in the business world as well as at VSB. “I am honored to be named Dean Emeritus of VSB,” said Dr. Monahan. “I would like to thank Father Peter Donohue and Dean Maggitti for this recognition and for accelerating the great progress made at the University and VSB in recent years. I am indebted to the administrators, faculty and staff who were integral in helping me achieve all of these accomplishments.”

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DANIEL WRIGHT Daniel Wright, PhD, associate professor in and former chair of the Management and Operations department, was appointed the new vice dean of VSB. As vice dean, Dr. Wright provides oversight and strategic vision on all matters related to VSB operations, faculty, academic programs and professional accreditation.

He comes to the role with industry experience as well as over 10 years as a VSB faculty member, a committed excellence in teaching, experience supervising faculty, and a strong working knowledge of VSB and University policies and practices. Dr. Wright brings with him a strong portfolio of research, having won several prestigious awards and having served on the editorial board of Decision Sciences Journal. In his vice dean role, Dr. Wright aims to promote and enhance the student experience at VSB as well as continuing to foster a sense of community among VSB’s faculty and staff.

NARDA QUIGLEY Narda Quigley, PhD, chair of the Management and Operations department, has been awarded a Citation of Excellence Award by Emerald Insight. Dr. Quigley earned this honor for her article, “A longitudinal study of team conflict, conflict management, cohesion, and team effectiveness,” which was published in the journal Group & Organization Management. Dr. Quigley co-authored the article with Paul Tesluk, PhD, the Donald S. Carmichael Professor of Organization and Human Resources at the University of Buffalo, and Amanuel G. Tekleab, PhD, associate professor of management at Wayne State University.

The article has been chosen as one of the top 50 articles with proven citation and research impact, since its publication date, from among the top 300 management journals in the world. Together these 300 journals publish approximately 15,000 articles annually, making the Citation of Excellence a prestigious distinction.

JEREMY KEES Poets and Quants named Jeremy Kees, PhD, one of the “40 Most Outstanding B-School Profs Under 40 in the World.” Dr. Kees is a valued associate professor of marketing and the Richard Naclerio Emerging Scholar in Public Policy. He landed on this impressive list for his prolific research in consumer behavior, specifically with regard to cigarette package warnings and food nutrition labels. Dr. Kees spoke about graphic cigarette package warnings on CBS’ Early Show, and he has been quoted in such prominent outlets as Businessweek, Yahoo! News, The Huffington Post, Forbes and MSN Health & Fitness. His research also landed him a role as a special government employee at the federal Food and Drug Administration (FDA) and on the FDA Risk Communication Advisory Committee. Since joining VSB in 2006, Dr. Kees has won the Thomas C. Kinnear Research Award for penning an outstanding article in the Journal of Public Policy & Marketing, and has won VSB’s McDonough Award for Research Excellence and two Center for Global Leadership Research Excellence awards. \V/

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COV E R STO RY

The Building Blocks of

EXPERIE Over 60 percent of VSB students study abroad, and a majority undertake an internship while doing so. Amayo Bassey ’14 VSB traveled to the Dominican Republic on a “Pay It Forward” scholarship.

Thanks to recent alumni gifts, more students will have the opportunity to learn and work abroad.

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NCE The Gift of a Lifetime In today’s competitive job market, business schools need to go beyond instruction. In order for students to stand out they need to show what they have done in addition to taking classes. Employers want to see an array of experiences – including internships, CoOps, international study and work trips, leadership of a student group, etc. It is clearer now than ever: What you learn in class coupled with hands-on work both inside and outside the classroom leads to greater employment options.

Thanks to generous contributions of four donors –

James C. Davis (pictured with Dean Maggitti) and his wife, Kim, made a $50 million commitment to VSB, the largest in University history.

James C. Davis ’81 VSB, James V. O’Donnell ’63 VSB, Robert F. Moran ’72 VSB and Daniel M. DiLella ’73 VSB – students at the Villanova School of Business (VSB) will have more opportunities to amass that muchneeded competitive advantage. Totaling $65 million and received as part of the University’s $600 million comprehensive capital campaign, “For the Greater

The students at VSB are the future of the business world. / James C. Davis

Great™: The Villanova Campaign to Ignite Change,” these commitments are focused solely on giving VSB students the gift of experience.

An Unprecedented Investment

“Many gifts of this magnitude are used to construct

Alumnus James C. Davis and his wife, Kim, made

new buildings, but Jim and Kim wanted to do

history with a $50 million commitment to VSB, the

something more significant,” said Patrick G. Maggitti,

largest-ever gift to the University. Davis is the chairman

PhD, the Helen and William O’Toole Dean of VSB. “The

and co-founder of Allegis Group, Inc., the largest

Davises are instead investing in our students, to give

privately held staffing firm in the United States.

them the best real-world experience possible. It will

The $50 million gift, made through the Davis Family Foundation, is nothing short of game-changing for VSB. It is designated purely to ensuring that future generations of students will have access to the most state-of-the-art resources and opportunities.

allow us to continue to create a learning environment at VSB that is unprecedented in the world of business education, one that transforms lives, positively impacts society, nurtures creativity, provides a global perspective and develops ethical leaders.”

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COV E R STO RY

Current plans for the Davis’ gift include enhancing the

“The students at VSB are the future of the business

number and caliber of internships and CoOps, providing

world,” said Davis. “I want to help them be as best

additional scholarships and funding to enable more

prepared as possible. As the landscape of the business

students to study abroad, and executing the creation

world continues to evolve, we need employees who

of new mentorship, service learning and professional

can hit the ground running as soon as they graduate

development programs across the school.

and enter the professional world. We need burgeoning

VSB will also allocate funds in support of curricular innovation and for some of our best teachers who introduce timely and innovative courses best suited to

leaders who are knowledgeable, practiced and enlightened. My hope – my intention – is to make sure each VSB student fits that criteria.”

current student needs. A smaller portion of the Davis’ gift

Careers Start Here

will also go toward making improvements to the school’s

Another significant commitment – one in the amount

facilities, allowing VSB to emerge at the forefront of

of $5 million – came from alumnus James V. O’Donnell,

technological advancements in the classroom.

the retired CEO of American Eagle Outfitters, Inc., and current owner of JOD Wayne Advisors, LLC, and his

Da’Vion Louis ’16 VSB, Emmanuel Aleshinloye ’16 VSB and Tanoh Kpassagnon ’16 VSB (pictured with Allison Venella, coordinator of student services for the Villanova Athletics Department, and Caitlin Russell, academic advisor at VSB) refine their professional skills by attending a financial site visit and networking reception, programming that will be enhanced thanks to O’Donnell.

wife, Charlotte. Earmarked to give VSB students an edge in the professional realm, O’Donnell’s gift will establish the Charlotte and James V. O’Donnell ’63 Center for Professional Development. The objective of the center is to allow VSB students to excel in their careers by giving them more opportunities to interact with businesses, employers and recruiters, as well as with the Villanova alumni network. The center will hone students’ leadership skills and prepare graduating students to prosper professionally. It will also offer increased access to internships and CoOps. “The center will bring great value to the students – real and concrete help in preparing them for the business world,” said O’Donnell. “One of the reasons I wanted to invest in the center is that it has clear goals and helps students during all of their time at VSB. I hired many young people out of college, and it is very obvious who is prepared for the business world, and who isn’t.

I want all VSB students to be prepared.”

James V. O’Donnell ’63 VSB (pictured) and his wife, Charlotte, made a $5 million gift to establish the Charlotte and James V. O’Donnell ’63 Center for Professional Development.

I want all VSB students to be prepared [for the business world]. / James V. O’Donnell

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“Jim’s investment will ensure world-class professional development opportunities for our students – both undergraduate and graduate,” said Dean Maggitti. “His generosity will benefit generations of VSB students and allows VSB to continue to offer a career support services that are top-notch.”

International Intentions Alumnus Robert F. Moran, retired chairman and CEO of PetSmart, Inc., also committed $5 million to VSB. In honor of his parents, Moran’s gift will be used to establish the Robert Moran Sr. and Elenore Moran Center for Global Leadership, offering VSB students unparalleled global leadership opportunities.

“An understanding of global business practices is crucial in maintaining a competitive edge in the business world,” said Moran.

“I want to increase access to global opportunities and make them more widespread. Involvement in international projects should be Robert F. Moran’s ’72 VSB $5 million gift to VSB will establish the Robert Moran Sr. and Elenore Moran Center for Global Leadership.

the norm for VSB students.”

With his commitment, Moran’s generosity does more than just provide a new name for the existing Center for Global Leadership (CGL). It will provide more permanent support for global initiatives in VSB by endowing the center and enabling it to create more global opportunities for VSB students. Moran’s gift will fund additional students to study and/or work abroad, support faculty

Involvement in international projects should be the norm for VSB students.

pursuing international research, develop more and intensive international curricular options and improve current

/ Robert F. Moran

programmatic offerings.

Villanova University students had the opportunity to travel to Washington, D.C., for an insider’s view on careers options. Professional development trips such as this will be more widespread with recent alumni gifts.

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COV E R STO RY

“We are so grateful for this gift, which will provide

“Dan is a born leader,” said Dean Maggitti. “Several

resources to ensure that our students will receive

years ago when he originally pledged to support the

the highest level of support as they develop global

DiLella Center, the magnitude of Dan’s investment was

leadership skills through courses, internships, study

unprecedented at VSB. His leadership on this front in

abroad and other innovative global experiences,” said

many ways set a new standard for other alumni and

Jonathan Doh, PhD, faculty director of CGL, Herbert G.

our own belief in what was possible and necessary

Rammrath Endowed Chair in International Business

philanthropically to ensure the future success of VSB.”

and professor of Management and Operations.

DiLella’s commitment will continue to support the center

Real Estate in the Real World

and its programs, offering students pursuing careers

Daniel M. DiLella, president and CEO of Equus Capital

in real estate an abundance of current, immersive

Partners, also committed $5 million to VSB. DiLella’s

and hands-on opportunities for growth. DiLella’s gift

gift – which will also directly benefit VSB students – is a

will enhance the center’s academic and professional

continuation of one made previously, which established

development guidance for students. It will also support

the Daniel M. DiLella Center for Real Estate.

faculty research and curricular innovations, and set students up with experiential practice in the field.

With Moran’s support, the number of global experiences will increase.

Keleigh Ramos ’16 VSB, Hope Hruska ’16 VSB, Allison Meade ’16 VSB, and Emily Richey ’16 VSB spent the spring of their freshman year studying and holding an internship in Singapore.

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“I’ve seen many successes born out of the center,” said DiLella. “Our students have won elite competitions, our faculty have published papers in top-tier journals and our alumni have repeatedly hired many of our students. We have to take advantage of this momentum. We have more to give; we have to go further. We have to excel beyond our own expectations.”

We have to excel beyond our own expectations. / Daniel M. DiLella

Thanks to DiLella, VSB real estate students will continue to

Daniel M. DiLella ’73 VSB committed $5 million as a continuation of a previous gift that established the Daniel M. DiLella Center for Real Estate.

be leaders in the field, prepared, practiced and polished by being able to take advantage of site visits, learning projects, case competitions, industry-standard tools and the perspectives of industry experts.

Experience Is Power Excellence comes only from practice. Through their investment and belief in

Chris Poston ’14 MBA, Benjamin Littell ’14 MBA, Brandon Segal ’14 MBA and Robert Ostapowicz ’14 MBA competed in the MIT Real Estate Challenge semifinals in London, England, an opportunity that DiLella’s support will make possible for more students.

Villanova, Davis, O’Donnell, Moran and DiLella ensure that VSB students will continue to receive the kind of learning and undergo the kind of experiences that are the hallmark of VSB. These gifts give VSB the permanent ability to cultivate leaders, provide our students an exceptional education and equip them with the tools they need to outshine the competition.

They are gifts of experience, and the outcome will be excellence. \V/

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MOMENTUM

Technology Center and Studio Space Debut in Bartley Hall At the start of the academic year, the Villanova School of Business (VSB) opened the doors to a brand new Technology Center and Digital Media Studio.

The Technology Center is a state-of-the-art instructional space – completed in partnership with University Information Technologies – which contains classroom resources including digital flat screens with touch-screen capability, HD cameras for class recording, live streaming and teleconferencing, and wireless video connections to every screen. A control panel enables the presenter to display images or sources on the six screens located around the room, including full connectivity with smartphones and tablets. The new space has proven invaluable for such courses as Mobile Applications, Business Analytics, Investment Banking and Urban Economics, since the technologically advanced learning environment enhances the students’ classroom experience and understanding.

Sue Metzger, instructor of Management Information Systems, uses new teaching innovations during class in the new Technology Center.

The adjacent Digital Media Studio offers a professional-level audio and video recording suite complete with the assistance of media production specialists. The addition of this studio space has enhanced support for faculty technology use, pedagogical innovation and distance learning offerings, and has allowed for greater participation in media and public relations opportunities.

Students Using Business Skills for Good With support from the Center for Global Leadership and the Clay Center at VSB, three members of the student group Business Without Borders (BWB) traveled to California for the annual Net Impact Conference.

Katie Schaad ’14 VSB, Ryan Hagan ’14 VSB and Vidhi Shah ’13 VSB attended numerous workshops, lectures and round-table discussions that focused on opportunities for businesses to create positive social and environmental impact. They heard from keynote speakers such as the president of microlending platform Kiva, Premal Shah; founder of TOMS shoes, Blake Mycoskie; and CEO of DoSomething.org, Nancy Lublin.

“Iconic name brands are making sustainable choices, not because they have to, but because it’s just good business,” said Schaad. “Many people don’t understand that sustainability doesn’t just mean ‘going green’ to save the environment. It’s about making sure your company will be around for another hundred years.”

Vidhi Shah ’13 VSB, Ryan Hagan ’14 VSB and Katie Schaad ’14 VSB attended the Net Impact Conference in California.

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Wall Street Hopefuls Learn the Ropes In an effort to greater prepare VSB students for the demanding recruiting and interview process of the financial services industry, the Villanova Financial Club of New York, along with The Clay Center at VSB, hosted the 10th annual Interviewing on Wall Street Program on campus. The event is one of many professional development opportunities made available for VSB students each year.

A panel of five experienced alumni and two current students who recently completed junior-year internships offered guidance on how to achieve success throughout the financial recruiting and interview process. George Coleman ’78 VSB, managing director/Investment Banking Division and vice chairman of Global Equities at Credit Suisse, led the panel. Participants on the panel provided a unique and informed view of the Wall Street interview process and explained what is sought after in a candidate. It featured alumni with extensive experience in investment banking, private wealth management and shared services, offering attendees a diverse set of perspectives. The panelists also answered student questions on multiple topics ranging from their own career paths to advice for a new graduate entering the workforce.

Following the panel the students attended the annual financial services networking reception with professionals from various areas of the financial services industry, giving them the chance to interact with Wall Street firm representatives, build their contacts and establish a network in financial services. \V/

It was a great chance to learn about how the interview process on Wall Street really works.

Finance students line up to ask Bryan Rolfe ’84 CLAS, managing director at BMO Capital, for insight into the industry during the Interviewing on Wall Street event.

/ Curtis Doelling ’16 VSB

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MOMENTUM

Two New Master’s Degrees Introduced for Online Students Starting in the fall of 2014, two new master’s degrees will be available online: the Master of Business Administration (MBA) and the Master of Science in Analytics (MSA).

The online MBA is a new addition to VSB’s highly ranked part-time MBA program. Students will now have the option to complete the Villanova MBA in one of three program tracks: the Online Track, the Flex Track or the Fast Track.

With the online MBA, students earn the very same Villanova MBA in a convenient and flexible online format. It also includes an intensive residency in the first or second semester and the option to participate in an international immersion. The 48-credit hour program can be completed in two years.

The MSA program is VSB’s newest graduate business

offering and will be available in an online format only. It teaches students critical analytics skills and transforms them into business analysts prepared to assist organizations in developing and sustaining a unique competitive advantage. “The MSA program addresses how to identify, capture, process and analyze the data needed to gain key insights that will enable organizations to improve their processes and decisionmaking,” said Matthew Liberatore, the John F. Connelly Chair in Management and director of VSB’s Center for Business Analytics. The 33-credit hour program can be completed in 20 months.

Although the programs are delivered online, students still have access to the community-building aspects of a campus-based program, including invitations to campus events, opportunities to develop strong relationships with faculty and peers, assistance from a responsive support staff and access to a strong, active alumni network.

The online MBA and MSA degrees that we now offer will enable us to deliver our high-quality, top-ranked programs in a cutting-edge, convenient format. / Dean Maggitti

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Executive MBA Students Return to Learn at Annual Conference The Executive MBA (EMBA) alumni association sponsored its annual leadership conference, bringing together EMBA alumni and guests. The “Return to Learn” conference was a day-long professional development event and featured CEOs of local companies and technology experts.

The day kicked off with a fireside chat on University leadership with the Rev. Peter M. Donohue, OSA, PhD, ’75 CLAS, Villanova University President, and Patrick G. Maggitti, PhD, The Helen and William O’Toole Dean of the Villanova School of Business.

The morning session, “A Taste for Philly: Perspectives from the C-Suite” began with Dan DiZio, co-founder and CEO of Philly Pretzel Factory. Marc Lederman, co-founder and general partner of NewSpring Capital, and Paul Ridder, president of Tasty Baking Company, also presented their perspectives on doing business in the Philadelphia region.

The afternoon session, “Digital Dilemmas: The Promise of Insight and the Inconvenient Truth of (In)Security,” began with a discussion of data analytics by Laura Jones Joukovski, SVP of Analytics and Strategic Planning at JustFab. Steve Andriole, PhD, the Thomas G. Labrecque Professor of Business Technology, then led a panel discussion on cybersecurity.

It was also during the conference that EMBA Faculty Director Thomas Monahan received the Dean Emeritus distinction.

Additionally, the first Nasrin Gharajedaghi Scholarship Fund, for EMBA alumni, was awarded to Trapeta Mayson.

Paul Ridder, president of Tasty Baking Company, spoke at the Executive MBA Return to Learn Conference.

Professional Mentors Now Available for VSB Students The Clay Center at VSB developed a new Mentor Program, engaging sophomore women in the pilot launch.

The Mentor Program pairs a student with an alumni mentor in her chosen field. The mentors’ professional experiences enable them to share their insider’s view, as well as insights and trends in their industry. They are also able to offer advice on immediate actions students can take to enhance their professional development and future career success. Through regular contact, mentors will coach mentees to grow academically and professionally by offering tips on networking, job searching, leadership and communication.

“Mentoring is a key component of the VSB experience, and formalizing mentoring through this program will further enhance our students’ preparedness to thrive in the business world. I am grateful to all our outstanding alumni who partner with us to help our undergraduates achieve success,” said Dean Maggitti.

Alumni interested in participating in the new Mentor Program can contact Michele Gianforcaro at michele.gianforcaro@villanova.edu.

The new Mentor Program for VSB students kicked off with a networking event in New York City.

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MOMENTUM

Ten Years of Church Management Education To commemorate the 10th anniversary of the Center for Church Management and Business Ethics (CCMBE), VSB hosted a day-long conference titled “Catholic Parish in the 21st Century: Challenges and Opportunities.” The event was held in collaboration with Georgetown’s Center for Applied Research in the Apostolate (CARA).

Rev. Thomas Grant, SJ, executive director of Georgetown University’s Center for Applied Research in the Apostolate, spoke during the “Catholic Parish in the 21st Century” conference.

The conference focused on data that indicates trends in Catholic parishes, and the idea that parishes can use that data as action points. The main topics for the conference were schools and sacraments, parish finances, diversity and demographics, and parish leadership. Father Michael J. White, Pastor, Church of the Nativity, co-author of Rebuilt: Awakening the Faithful, Reaching the Lost, and Making Church Matter, delivered the keynote address.

Other speakers included Mark Gray, PhD, director of CARA Catholic Polls; Reverend Thomas Grant, SJ, executive director of Georgetown’s CARA; and Villanova’s own Charles Zech, PhD, faculty director of the CCMBE.

Panama Welcomes Center for Global Leadership Council Members The Center for Global Leadership (CGL) hosted a group of Villanova University faculty, staff and alumni in Panama City, Panama, for the Professional Development in International Business Program. The trip enabled participants to gain firsthand knowledge of the Panamanian business environment through corporate and governmental site visits and cultural experiences.

Additionally, it strengthened the relationship between Villanova and Panama. The program was sponsored by CGL with support from Tote, Inc., the Villanova Center for the Advancement of Sustainability in Engineering and the Alumni Association.

Thanks to the support of alumni, participants on the trip benefited from a number of exclusive international business excursions.

They heard a briefing on Panama’s current economic and political climate at the U.S. Embassy, visited Banco General, the Colon Free Trade Zone, 3M and Panama Pacifico, and received VIP tours of the Panama Canal and the Museum of Biodiversity.

The cultural and informative visit concluded with a reception at the Trump International Ocean Club that brought together the visitors with Panamanian alumni and students.

Thomas Arvanites, PhD, associate professor of Sociology and Criminology and director of the Criminology Program; Gary Chong-Hon ’98 VSB; Debra Arvanites, PhD, assistant professor of Management and Operations; and Ricaurte “Catin” Vasquez ’73 VSB, member of the CGL advisory council, were among the Villanovans who traveled to Panama with CGL.

20 / VILLANOVA BUSINESS / FALL 2014 /

Finance Students Learn the Art of Value Investing David Nawrocki, PhD, the Katherine M. and Richard J. Salisbury Jr. Endowed Professor in Finance, developed the innovative course “The Art of Value Investing,” along with John Constable, Ben Auger and Lou DePaul. This nontraditional course invites high-level value investors into the classroom to provide insight into how they manage investment portfolios and companies. Over the course of a semester, students hear from 14 practitioners, giving them a widespread insider’s look into investment management and affording them the opportunity to ask questions of the speakers in a small group setting.

Speakers for this past academic year included representatives from Essex Equity Management, the Vanguard Group, Boenning & Scattergood and CEOs from Seneca Foods and Burnham Holdings.

One such speaker was Elizabeth Vale, senior advisor at Promontory Financial Group. Vale shared with the students the knowledge she gleaned from having more than 20 years of financial and regulatory experience, holding elite positions at Morgan Stanley, working as senior advisor and business liaison during a 2012 senatorial campaign, and serving as executive director of the White House Business Council and business liaison to the White House Office of Public Engagement.

Through the efforts of Dr. Nawrocki and his co-founders, “The Art of Value Investing” attracts iconic investors to campus and provides students with an unmatched understanding of the investing realm. \V/

We want to take them out of their comfort zone and have them listen to the differing viewpoints of the many investment professionals who speak on different topics each week.

Michael O’Neill ’14 VSB and Jonathan Paulsen ’14 VSB talk investing with Elizabeth Vale, senior advisor, Promontory Financial Group.

/ David Nawrocki, PhD

/ VILLANOVA BUSINESS / FALL 2014 / 21

S P OT L I G H TS

S T U D E N T S P OT L I G H T: P I N - P I N ( A L I C E ) L I AO ’ 1 6 VS B With a bi-continental upbringing – she grew up in both

Their objective was to bring together top university

Taiwan and the United States – and unique experiences

students from the United States and Taiwan to

that have equipped her with an amalgam of viewpoints

collaborate and work toward solving global issues –

and knowledge, Pin-Pin (Alice) Liao ’16 VSB has been

all the while attending professional networking events,

trailblazing for years. Her unique global background, her

academic forums and cultural excursions.

commitment to diversity and her desire to share those qualities have inspired her to give other young students the international experience from which she benefited.

During the summer of 2013, Alice attended the Japan American Student Conference (JASC). Engaging with leaders taught her confidence and responsibility, and that she, too, had a voice. When the conference

I have this insane need to want to bring the best of each of these cultures together.

concluded, Alice returned to the United States, but the

/ Alice Liao

conversations started at JASC continued. Reflecting on the cultural divides she witnessed throughout her youth, Alice decided to create an opportunity for Taiwanese and American students to connect.

The TASC launched in August 2014 with over 40 Taiwanese and American delegates, united by the

“As someone fortunate enough to grow up in two

aspiration to become international leaders. The

drastically different cultures, I have this insane need

conference covered a plethora of topics, including

to want to bring the best of each of these cultures

Taiwan-China-U.S. Relations; Modern Issues in

together,” said Alice. “I feel that somehow it is my

Education; Diversity, Identity, and Discrimination; and

responsibility to show both of my home countries

Government and Society. It also drew a number of

that there are many more things we can learn from

prominent speakers, including Bob Margevicius, the

each other.”

VP of Specialized and a board member for the Federal Industry Trade Advisory Committee; William Stanton,

Alice assembled a 12-member team to plan and launch the nonprofit Taiwan-America

the former director of the American Institute in Taiwan; and Anting Liu, the founder of Teach for Taiwan.

Student Conference (TASC).

In addition to inspiring young people, Alice has also found time to shine at the Villanova School of Business (VSB). Given her background and interests, it was only natural that at VSB Alice would pursue a diversity of subjects, with majors in international business Pin-Pin (Alice) Liao ’16 VSB (right) founded the Taiwan-America Student Conference.

and marketing, and minors in business analytics and Japanese. She also became an intramural basketball champion, and she authored a case study on Google’s challenges in China, recently published in International Management: Culture, Strategy, and Behavior by VSB Professor Jonathan Doh. Alice says that her life goal is to become an entrepreneur and bring together like-minded, skilled individuals to

22 / VILLANOVA BUSINESS / FALL 2014 /

tackle modern global issues. She is well on her way. \V/

FA C U LT Y S P O T L I G H T : S T E P H E N J . A N D R I O L E Throughout his remarkable career,

for technology strategy at CIGNA

New Business Technologies, which

entrepreneur, author and innovator

Corporation, and as CTO and

describes a new approach to

Stephen J. Andriole, PhD, the Thomas

senior vice president at Safeguard

technology adoption based on the

G. Labrecque Professor of Business

Scientifics, Inc.

maturity of new technologies and

Technology, has remained at the forefront of business and technology.

Dr. Andriole’s work has reached the highest offices of our nation.

cloud delivery. He has designed numerous new courses while at VSB, including an undergraduate course in

Dr. Andriole, a Philadelphia native,

His interactive global crisis warning

has proven to be a visionary in

system, the Early Warning and

the field of education. Previously

Monitoring System, provided analyses

at Drexel University, he designed

that were included in President

and developed an online master’s

Ronald Reagan’s daily briefing

program in information systems,

book. His government consulting

the first of its kind in the United

experience began at Decisions

States, with support from the Alfred

& Designs, Inc., a company that

P. Sloan Foundation. Since arriving

designed and developed interactive

at the Villanova School of Business

computer-based resource allocation,

(VSB) in 2001, his courses in business

forecasting and decision-making

technology, corporate strategy, and

systems for the federal government.

innovation and entrepreneurialism,

He also implemented the interactive

According to Dr. Andriole, ”when I

among others, have inspired the next

system for monitoring the interactions

started in the technology business,

generation of leaders. Dr. Andriole’s

among nations, which was initially

information technology – ‘IT’ – was

recent books, Social Business

funded by the Defense Advanced

definitely nice to have but not

Intelligence: Reducing Risk, Building

Research Project Agency (DARPA)

essential for survival. Today there isn’t

Brands & Driving Growth With

as part of his PhD dissertation

a company on the planet that can

Social Media and Avoiding #FAIL,

research. As the director of the

survive without IT. IT’s always on, and

offer valuable guidance in the ever-

Cybernetics Technology Office at

without IT, nothing gets done.” \V/

changing world in which today’s

DARPA, Dr. Andriole managed a

businesses operate.

$50 million program of research

As an entrepreneur, Dr. Andriole founded International Information Systems (IIS), Inc., which developed interactive systems for corporate and government clients. IIS specialized in requirements analysis and prototyping, the design of user-computer interfaces and software systems evaluation.

He also co-founded The Acentio Group, a company that provides consulting around business technology optimization.

VSB also benefits from Dr. Andriole’s experience as a corporate executive, which includes time as chief technology officer (CTO) and senior vice president

emerging business technologies and two Executive MBA courses in value creation through technology and in innovation and entrepreneurialism.

The innovation and entrepreneurialism course introduced the “Shark Tank” to VSB, where Dr. Andriole assembles local angel investors and venture capitalists to review – and possibly fund – student ideas for new products and services.

and development that funded the Massachusetts Institute of Technology’s (MIT’s) Architecture Machine Group (famous today as the MIT Media Lab), and funded one of the country’s first counterterrorism research programs. For his work at DARPA, Dr. Andriole received the Meritorious Civilian Service Award.

He was also an inaugural member of the U.S. Senior Executive Service, received an honorary doctorate from La Salle University and won several lifetime achievement awards for his work in information technology.

Dr. Andriole’s most recent book – his 30th book in as many years – is Ready Technology: Tracking, Piloting & Deploying / VILLANOVA BUSINESS / FALL 2014 / 23

S P OT L I G H TS

Luke Bowen ’10 MBA and Trevor Hayward ’10 MBA, founders of Evil Genius Beer Company, display some of the tools of their trade.

Photo Credit: Jeff Fusco Photography

24 / VILLANOVA BUSINESS / FALL 2014 /

A L U M N I S P OT L I G H T: E V I L G E N I U S B E E R C O M PA N Y Business and beer are not often uttered in the same

find out what worked and what didn’t work, and,

sentence, but for Luke Bowen ’10 MBA and Trevor

essentially, to benefit from free consulting from

Hayward ’10 MBA, their business is beer.

our peers, teachers and the ICE Center.” They even

The masterminds behind Evil Genius Beer Company met in a graduate accounting class while enrolled in the Villanova School of Business’ (VSB)

surveyed their MBA classmates to help them pick the name. At VSB, the Evil Genius Beer Company was born and nurtured.

MBA program. Bowen, a native of

Upon graduating, the business partners

Chester County, Pennsylvania, and

began pounding the pavement to

Hayward, a transplant from Dublin,

attract investors and increase

Ireland, were both in the MBA

awareness for their brand. They

fellows program, meaning they

attended countless beer festivals

attended VSB full time while

and tastings, spending hours

also working 20 hours per week

tapping kegs, pouring drafts and

for professors. It also meant

delivering their message. They

Bowen and Hayward spent a lot of time together in class, studying and working on projects. They quickly became friends and realized they shared the same entrepreneurial zeal. Knowing they

picked the brains of local beer enthusiasts, set up meetings with distributors and relied on friends for design and staffing needs. After long days and nights putting in face time and promoting

each had found a business partner in each other,

their beer, Bowen and Hayward would return home

Bowen and Hayward began brainstorming ways to

only to burn the midnight oil balancing budgets and

become their own bosses upon graduation.

strategizing the next move. Before long, they secured

Armed with a list of potential business ideas, the two met with Dean Maggitti, then director of the Center for Innovation, Creativity and Entrepreneurship (ICE), and Management Professors Kevin Clark and

a partner with facilities where they could brew and established a relationship with a local distributing company. They became regulars at Philadelphia beer events, created new flavors and grew.

Scott Newbert. Three hours later, the Evil Geniuses

Now three years old, the Evil Genius Beer Company

emerged with a plot to start their own craft beer

has boomed. The wittily named beers, such as

company. “Every guy wants to be a professional

Evil Eye PA, Purple Monkey Dishwasher and Pure

baseball player, start a rock band or own a brewery,”

Evil, are now sold in five states and at nearly 600

said Bowen. “At first it didn’t seem like a viable

locations. After initially creating their signature

idea, but after doing plenty of research and talking

products at breweries in Indiana and New York,

to others in the industry we found that a brewery

Bowen and Hayward partnered with Thomas Hooker

wouldn’t require a huge amount of startup capital.

Brewing Company in Bloomfield, Connecticut,

We just had to use our business skills wisely.”

and Evil Genius recently became the 33rd largest

Still enrolled in the MBA program, Bowen and Hayward began working on the brewery business plan and using the resources available to them as VSB students. “We used our business plan for class projects, to practice pitching it and to get feedback,” said Hayward. “It was the perfect opportunity to

contract brewing company in the U.S. according to the Brewers Association’s 2014 annual report.

The next step for Bowen and Hayward is to build their own brewery, which they plan to do in the Philadelphia area – where they met and were educated, and where their seemingly unattainable dream became their reality. \V/

/ VILLANOVA BUSINESS / FALL 2014 / 25

S P OT L I G H TS

D O N O R S P OT L I G H T: VA L E R I E W I E M A N ’ 9 2 V S B Valerie Wieman ’92 VSB, a partner

This firmwide effort pledges to secure

at PwC, is one of our most dedicated

this gift by 2015, and Wieman says

Villanova champions. She is the firm’s

that PwC likely will surpass its goal

relationship partner for VSB at PwC,

by the end of the year. To date, they

overseeing all aspects of the firm’s

have received support and gifts from

recruiting of Villanovans.

all staff levels from new associate

Recently she rallied her fellow alumni

through partner.

(and some parents of students and

“Valerie’s leadership in rallying and

alumni) at PwC to support VSB as a

inspiring her fellow Villanovans is

group – leading them to collectively

a great example of the power of

donate a $1 million endowed gift to

relationships and connections,” said

provide faculty support. The gift will

Patrick G. Maggitti, PhD, The Helen

be acknowledged by naming the

and William O’Toole Dean of the

PwC Auditorium in Bartley Hall.

Villanova School of Business.

employed at PricewaterhouseCoopers

“PwC has a spectacular relationship

“Her efforts and the support of

(PwC), PwC is one of the Villanova

with VSB. VSB students are an

fellow Villanovans at PwC ensure

School of Business’ (VSB’s) and

important source of new hires for

opportunities for our students to

Villanova’s largest and most

us and we want to continue to grow

learn from world-class faculty.” \V/

dedicated corporate partners.

that relationship,” said Wieman.

With nearly 400 Villanovans

As an organization, PwC recruits on campus, and its employees participate in many professional development and leadership events on campus.

The VSB alumni at PwC are especially active supporters of the School – volunteering to come to campus to bring corporate experience and perspective to current students, as well as mentoring and advocating for our students.

26 / VILLANOVA BUSINESS / FALL 2014 /

VSB students are an important source of new hires for us and we want to continue to grow that relationship. / Valerie Wieman

VS B D E A N ’ S A DV I S O RY CO U N C I L Josef Allen ’89 VSB General Manager U.S. Global Operations Center

Lisa M. Gray ’86 VSB Co-Founder and Managing Partner Phoenix IP Ventures

Jeffrey Miller ’79 VSB President, Studio Operations The Walt Disney Studios

Dax Basdeo, PhD Chief Officer, Financial Services Ministry of Finance, Tourism & Development Grand Cayman

Vahan H. Gureghian ’76 VSB, ’09 PA Chief Executive Officer Charter School Management, Inc.

Francis Perier ’81 VSB EVP Finance, Administration & CFO Forest Laboratories

Christine James ’91 VSB Managing Director Institutional Client Services Wells Capital Management

John F. Phinney ’17 PA Co-Managing Partner Convergence, LLC

Richard Betz ’84 VSB Executive VP & COO Resolute Energy Corporation James R. Boyle ’14 PA President & CEO – U.S. Life Insurance Genworth Robert B. Burke ’83 VSB Chief Executive Officer Par-Four Investment Management, LLC George W. Coleman ’78 VSB Vice Chairman, Global Equities Department Credit Suisse Kevin M. Curley ’80 VSB, ’09 PA President and CEO Curley Financial Group, LLC James DeBlasio ’77 VSB Chief Executive Officer NOVA Corporate Strategies Joseph V. Del Raso, Esq. ’74 VSB Partner Pepper Hamilton LLP Andrew P. DiLoreto ’80 VSB, ’09 ’10 ’14 PA Chairman and CEO Insight Catastrophe Group Peter P. DiLullo ’72 VSB President and CEO LCOR Joseph J. Fico ’13 PA CEO USI Insurance Services LLC Mark Ford ’11 ’15 PA Executive Vice President & President Sports Group Time Inc. Chris Gheysens ’93 VSB President and CEO Wawa, Inc. Thomas Gilman ’73 VSB Retired President & CEO TD Auto Finance

William M. Kelly ’72 VSB Chief Executive Officer Blue Tee Corporation Thomas Klein ’84 VSB CEO & President Sabre Holdings Peter Knobloch ’75 VSB Chief Investment Officer Assembly

Paul D. Ridder ’00 VSB President Tasty Baking Company Kenneth M. Roessler ’84 VSB President and Chief Executive Officer BWAY Corporation David E. Rutter ’84 VSB Former Chief Executive Officer ICAP Electronic Broking LLC

Jeffrey Lagarce ’12 PA Executive Vice President Fidelity Investments

Christopher G. Ryan ’83 COE Global Business Leader for Industrial Filtration Products W. L. Gore & Associates, Inc.

Joseph Lamastra ’83 VSB, ’12 ’15 PA Chairman & CEO Sandbridge Capital

Michael A. Scully ’70 VSB Co-Chairman Scully Company

Gerard S. LaRocca ’14 PA Chief Administrative Officer & Managing Director Barclays Capital

William M. Shockley ’83 VSB, ’14 ’16 PA Partner Tinicum Capital Partners

Jeffrey C. LeSage ’82 VSB Vice Chairman - Tax KPMG LLP

Celestine Simmons ’89 VSB Senior Vice President, Human Resources, Central Division Comcast Corporation

John G. Maxwell ’82 VSB Chairman PricewaterhouseCoopers John McCarthy ’15 PA President and COO McCarthy Tire & Automotive Centers Bill R. McDermott Co-Chief Executive Officer SAP AG Michael McLaughlin ’88 VSB U.S. Country Head Macquarie Group Limited Robert A. McMahon ’79 VSB Leader, U.S. Policy & Government Relations Merck & Co., Inc. Robert J. McNeill Jr. ’88 VSB Managing Partner Deloitte & Touche LLP

Christopher J. Swift ’17 PA CEO The Hartford Financial Services Group Inc. Michael J. Thomson ’80 VSB President and COO SunCoke Energy, Inc Charles Trunz ’17 PA Chief Risk Officer The Bank of Tokyo – Mitsubishi UFJ, Ltd. William Tucker ’81 VSB, ’15 PA Executive Vice President, Media Relations 4A’s Susan Wolford ’77 CLAS Managing Director BMO Capital Markets Corp.

/ VILLANOVA BUSINESS / FALL 2014 / 27

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