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V I L L A N OVA Vol. 7, No. 1 Villanova Business magazine is published semi-annually for alumni and friends of the Villanova School of Business. It is available in a print edition and online at villanova.edu/business. Send comments and questions to VSBCommunicationsandMarketing@villanova.edu Villanova Business 800 Lancaster Avenue Villanova, PA 19085-1678 610-519-5424 villanova.edu/business

business Villanova Business Team

THE HELEN AND WILLIAM O’TOOLE DEAN PATRICK G. MAGGITTI DIRECTOR OF COMMUNICATION AND MARKETING CATHY J. TONER EDITOR MARIANA J. MARTINEZ CONTRIBUTORS BRENDAN E. CUMMINGS ’13 LAS TIMOTHY DIPAOLO ’13 VSB REILLY F. HARMER ’14 LAS LIAM MILLER ’14 VSB ELIZABETH L. RATHBUN JENNIFER WHINNEY DESIGN AND PRODUCTION MACHINERY COVER PHOTOGRAPH AILEEN BANNON

Developing business leaders for a better world.TM

contents Summer/Fall 2013

03 Dean’s Update

14 Student Achievements

04 Momentum

16 Mad Money

06 Faculty Achievements

22 PlannedUp

09 Alumni Spotlight

24 Student Spotlight

10 Valleynova

26 Executive MBA

12 Faculty Spotlight

28 Donor Spotlight

13 Stiletto Network

29 Dean’s Advisory Council

Dean’s Update What a wonderful year it has been for VSB and Villanova University! It is an honor to serve such a talented community of students, faculty, staff, alumni and friends. Good news for VSB is abundant. I’d like to share a few of the recent highlights: VSB RANKED #15 IN NATION VSB was once again recognized as one of the best undergraduate business schools in the nation in the 2013 Bloomberg Businessweek ranking. VSB ranked #15, placing among the top 20 business schools in the nation for the eighth year in a row. The annual ranking is determined by academic quality, professional development, business relevance and student satisfaction. VSB performed exceptionally well in a number of categories: • #2 for Academic Quality • #3 for Internships • A+ in Teaching Quality • A+ in Job Placement EXCEPTIONAL CAREER RESULTS The Villanova University Career Center released the Class of 2012 Placement Report. The report reflects career placement statistics six months after graduation. VSB students fared extremely well. Within six months of graduation, 99 percent of our job-seeking students secured full-time employment at an average starting salary of $54,628.  According to the annual Bloomberg Businessweek student survey, nearly 95 percent of graduating VSB seniors reported having participated in at least one internship experience, earning VSB the rank of #3 in the country for internships. MAD MONEY One of the best parts of my job is seeing the exceptional output of our students and the incredible achievements of our institution. I was truly honored when CNBC’s highly-acclaimed Mad Money chose to film an episode from our campus on April 25. The episode showcased the spirit, enthusiasm and talents of VSB students as they participated in the taping. Many of our students, including several members of the Villanova Equity Society, were featured on television asking insightful questions and pitching stocks of interest to host Jim Cramer. Not only did I enjoy watching our students share their talents with a national television audience, but I also witnessed firsthand incredible feedback from Mad Money’s fans and CNBC representatives—including Jim Cramer himself—all of whom were impressed by the Villanova community. The VSB brand was promoted across a variety of media outlets around the country and reached millions of people. There is much activity and excitement happening at VSB, and I am so glad to have you as a part of it. As always, I thank you for your continued support of the Villanova School of Business, and I hope you and your families had an enjoyable summer. With best regards,

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

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momentum

THESE WOMEN

GRADUATE WOMEN IN BUSINESS COMMITTEE

The Graduate Women in Business Committee hosted Marketplace Café, a networking event designed to connect graduate students and alumni, on March 17.    

The event featured a panel discussion on effective self-promotion. Panelists included Lisa Canoura ’93 VSB, Teresa Kohl ’07 VSB, Susan McKeone ’94 MS, Amy Ginocchio Molnar ’94 VSB, Diane Perrymore ’90 LAS, ’05 MS and Gina Wilson ’87 MS. The event was organized by Hillary Seith ’15 MBA, president of the Graduate Women in Business Committee.  

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WOMEN’S PROFESSIONAL NETWORK

The Villanova Women’s Professional Network hosted an event in Driscoll Hall titled “Career, Challenges, & Strategies for Success.”  An inspirational keynote address was delivered by Nance K. Dicciani, PhD ’69 COE, former president & CEO of Honeywell, Specialty Materials Business Group.  Her impressive list of accolades includes being ranked twice among the world’s most powerful women by Forbes magazine.   The address was followed by a panel discussion featuring distinguished Villanova alumnae, including Rosemarie T. Dempsey ’83 VSB, Stacy Grant Hohenleitner ’93 CON, Teresa C. Kohl ’07 VSB and Gina Wilson ’87 MS. A networking reception followed the event in the Driscoll Hall Atrium.   

“The best way to predict the future is to create it.” The Graduate Women in Business and Women’s Professional Network events are open to alumni and students from all Villanova colleges. For more information, go to villanova.edu/wpn Nance K. Dicciani, PhD ’69 COE, former president & CEO of Honeywell, Specialty Materials Business Group.

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ARE ALL BUSINESS

ERNST & YOUNG COMPLETES $500,000 ENDOWMENT TO CLAY CENTER Ernst & Young (EY) completed a $500k endowment to VSB’s Clay Center this past fiscal year. All of the funding was accumulated over the last five years by personal donations from EY employees who are Villanova parents and alumni. This firm-wide initiative will continue to support the Clay Center and the Read to Lead program. The Clay Center offers undergraduate business students academic services, including advising, professional development and internship and CoOp opportunities. Its Read to Lead program connects incoming students through the collective reading of one book during the summer before their freshman year. Funding from EY came from over 200 Villanovan employees. This initiative was driven by three leadership gifts provided by Bob Muhall ’80 VSB, Michael Neary ’84 VSB and Arthur Tully ’10, ’13 PA. Their donations will support the Clay Center’s programs, staff and students. EY employees made personal donations to support the Clay Center at VSB.

Social Network

This year, VSB has taken the brand to new heights through increased presence in various popular social media outlets. On LinkedIn, you will find VSB’s brand new page, an effective professional channel that allows VSB to showcase its business programs. Through Facebook and Twitter, VSB keeps students engaged with upcoming events at the school, from the live filming of Mad Money to the Dialogue with the Deans events. Follow @VU_Business and @VSB_Dean on Twitter to stay up to date on all things VSB.

Villanova School of Business

@VU_Business @VSB_Dean

Villanova School of Business

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faculty achievements

MICHAEL L. CAPELLA

NAMED ASSOCIATE DEAN Michael L. Capella, PhD, associate professor of marketing, has been appointed Associate Dean for Graduate and Executive Business Programs at VSB. In this role, Dr. Capella leads efforts to ensure the increasingly high level of academic quality of

the  VSB graduate business programs, as well as corporate educational programs. He partners with faculty and administration to provide strategic and academic direction to graduate programs, keeping with the overarching mission and strategy of VSB and the University.  Dr. Capella joined the VSB faculty in 2005, after earning his PhD in marketing from Mississippi State University. Recently named the Villanova School of Business Emerging Scholar in Marketing, Dr. Capella has publications and accepted manuscripts in leading journal outlets including the International Journal of Research in Marketing, Journal of Retailing, Journal of Public Policy & Marketing, Journal of Business Research and Journal of Advertising. His research has won several awards, including the 2008 Journal of Advertising Best Article Award. During his tenure at VSB, Dr. Capella has taught courses at both the graduate and undergraduate level. He served as the Faculty Program Coordinator for the International Ambassadors Program in Rome, Italy. Dr. Capella has also taught abroad as a visiting faculty member at American University of Rome, Munich School of Management at Ludwig  Maximilians University and University of Klagenfurt, Austria. Prior to his doctoral pursuit, Dr. Capella spent nearly 10 years in professional sales management with an international food manufacturer.  His industry experience involved account management and relationship marketing with large retail grocery chains, national restaurants, wholesale accounts and channel intermediaries.

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JO HN P E AR CE

NAMED EXEMPLARY SCHOLAR The United States Association for Small Business and Entrepreneurship (USASBE) recognized John Pearce, PhD, VSB Endowed Chair in Strategic Management & Entrepreneurship, as an Exemplary Scholar. This distinction, which is awarded annually, identifies a distinguished academic in the field of entrepreneurship. Dr. Pearce received the Exemplary Scholar honor at the 2013 USASBE conference in San Francisco. He also participated in a special session at the Doctoral Consortium, during which an elite group of PhD students who are pursuing a career in entrepreneurship gathered with practitioners for career enhancements and networking. A leader in the field of entrepreneurship, Dr. Pearce has authored 40 articles, 15 of which have been published in the top three entrepreneurship journals. He has also served as an elected officer by the Strategic Management Society, the Southern Management Association and the Academy of Management, most notably as the first Chair of the Entrepreneurship Division. Additionally, he has served on 15 editorial boards, with a combined 25 years of service for Entrepreneurship Theory and Practice, Journal of Business Venturing and Journal of Small Business Management.

DR . HILL WINS MULTIPLE AWARDS

Ronald P. Hill, PhD, the Richard J. And Barbara Naclerio Endowed Chair in Business, recently received recognitions for his excellence in marketing and research.      Dr. Hill was named the 2013 recipient of the Allan N. Nash Distinguished Doctoral Graduate Award from The Robert H. Smith School of Business at the University of Maryland.  The award recognizes one Smith School PhD alumnus annually for outstanding research and teaching, as well as significant service contributions.    Dr. Hill was also awarded the Marketing and Society Special Interest Group (MASSIG) “Lifetime Achievement Award.”  Winners of this annual award have contributed a significant body of work in developing and advancing research in the marketing and society, public policy and/or the marketing ethics area. This award is given to individuals who exemplify outstanding scholarship in these fields.    Dr. Hill is a well-known marketing scholar. He has held a number of editorial positions with publications such as the Journal of Consumer Affairs and the Journal of Macromarketing. Dr. Hill previously won the 2010 Richard W. Pollay Prize from the Sauder School of Business at the University of British Columbia, another lifetime achievement award. Villanova Business

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faculty achievements

MANAGEMENT PROFESSOR

WINS PRIZE IN INTERNATIONAL CASE COMPETITION

“Building and Scaling a Cross-Sector Partnership: Oxfam America and Swiss Re Empower Farmers in Ethiopia,” a case co-authored by Jonathan Doh, PhD, the Herbert G. Rammrath Endowed Chair in International Business and director of the Center for Global Leadership, won second place in an international case writing competition sponsored by the oikos Foundation. The  oikos Foundation is a large international foundation based in Switzerland that supports research and teaching around social innovation, entrepreneurship and sustainability. The oikos annual casewriting competition is intended to promote the development of new highquality teaching cases in the areas of sustainable management and strategy.

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Jeremy Kees, associate professor of marketing and the Richard J. Naclerio Emerging Scholar in Public Policy, and John Kozup, associate professor of marketing and director of the Center for Marketing and Public Policy Research, received the American Marketing Association Thomas C. Kinnear Research Award for their article “Understanding How Graphic Visual Warnings Work on Cigarette Packaging.”

The Thomas C. Kinnear Research Award honors the article appearing in the Journal of Public Policy & Marketing that has made the most significant contribution to the understanding of marketing and public policy issues within the past three years. The award creates awareness of the important role that marketing plays in public policy initiatives and encourages authors to continue to produce high-quality commentaries, research analysis and case studies on public policy in the marketing arena. Kees’ and Kozup’s winning article examines the U.S. Food and Drug Administration’s tobacco control strategy that included placing graphic warning labels on cigarette packages that illustrate the harmful health effects of smoking. As a result of his work on this study, Kees appeared on the Early Show on CBS and commented on the topic in articles that appeared in Businessweek, Forbes, Yahoo! News, MSN Money, The Huffington Post and many other media outlets. 18 08

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alumni spotlight

PATRICK MEYER ’74 VSB Patrick Meyer ’74 VSB was born with innovation in his genes. His father, C. Paul ’30 COE, founded his first company making tractor attachments based on the knowledge he gained at Villanova. Patrick’s mother was a creative director at a top advertising agency, and his brother, Edward ’86 VSB, works in innovative products for Victoria’s Secret. Even with his family’s passion for entrepreneurship, Patrick describes his younger self as a follower. “I was a late bloomer, and not a leader, until I came to Villanova,” Patrick remembers. “I walked into Bartley Hall and the world broke wide open to me. I was inspired.” “I thrived at VSB and came out like a rocket— completely excited about the business world. I made lifelong friends and we always talked about our dreams of positively impacting the world and making our mark.”

Patrick funds and presents the Meyer ICE Awards to honor students and faculty for their innovative work. Patrick even designed the awards and this year expanded the number of awards to include all the colleges at Villanova.

“Patrick had a vision for VSB to stress the importance of innovation and creativity through the establishment of the Meyer ICE Awards. As the ICE Center continues to grow, it became important for us to recognize students and faculty in all schools who promote the values encompassed in the Meyer ICE Awards. Patrick’s dedication to ICE and VSB is evident in the time he commits as a member of the ICE Center Advisory Council and to events like Pitch Day,” said II Luscri, director of the ICE Center.

“I walked into Bartley Hall and the world broke wide open to me. I was inspired.”

Patrick did just that. He is currently partner and chief marketing officer for Thinaire, the leader in mobile NFC Transmedia Solutions. Over the years, he built and re-invented many Fortune 500 brands/businesses—attaining line marketing experience at The Coca-Cola Co., Gillette and Nabisco as well as holding senior consulting roles for Miller Lite, Jeep/Dodge/ Chrysler, Virgin, Pepsi, Volkswagen and Unilever. Throughout his career, Patrick never forgot his dream of positively impacting the world. He helped found VSB’s Center for Innovation, Creativity and Entrepreneurship (ICE Center), and every year

Patrick’s award-winning book, Steve Jobs and the World of Mobile: Insights For The Future, has been assigned to students in VSB’s Mobile Applications Development class. Patrick provided copies of his book for all attendees of Pitch Day 2013. Additionally, all profits from the sale of his book are donated to VSB. “Many people inspired and helped me, and the way I thank them is by helping someone else.” said Patrick. “I’ve made Villanova my conduit for giving back – the ICE Center is a differentiator for every aspect of VSB. Innovation is needed across all disciplines.” To buy Patrick’s new book, go to amazon.com. All profits benefit VSB.

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VA L L E Y N O VA A s t u d e n t r e c o u n t s h i s e x p e r i e n c e i n t h e S i l i c o n Va l l e y by Liam Miller ’14 VSB

Growing up in the San Francisco Bay Area, I was aware of the legend of the Valley. It was not long ago that the area transformed from orchards into the world’s epicenter of technological innovation. When I came to Villanova, I discovered the ICE Center, which brings together students from various academic disciplines and across colleges to share knowledge and experience in an effort to come up with creative solutions to problems. Among its many programs, I was specifically interested in Villanova in the Valley (VinV).This past January, I helped II Luscri, director of the ICE Center, lead the trip to the Silicon Valley. 10

Villanova Business

Villanova in the Valley is an opportunity for Villanova students from all five colleges to experience the innovation and entrepreneurship taking place in Silicon Valley. It aims to teach students more about the issues and obstacles the most innovative companies in the world face and how they solve them in a creative and collaborative manner. Since its inception in May 2012, two delegations have traveled to the Valley for five days of site visits and special events. The most recent VinV trip attracted interest from business students, liberal arts students, engineers and nurses interested in learning about new ways

“We were fortunate enough to meet with organizations ranging from single person ventures to Facebook and Google.”

John Igoe ’63 COE, director of real estate, design and construction at Google

to solve old problems. The selection process for the delegation is competitive, and the chosen students are required to participate in a number of pre-trip meetings. The theme for the program this time around was Innovation and Technology: Redefining How We Work, Live and Play, and we heard from a high caliber of participating speakers. Coordination of the program was made successful through the hard work of alumni living and working in Silicon Valley, namely Mike Gardner ’67 LAS and John Igoe ’63 COE. Having enjoyed an illustrious career in technology, Mike introduced the Villanova group to a number of well-known Valley icons and rising stars. Mike not only invited many of his close friends and colleagues to speak, but was integral in putting the theme of the trip into context for the participants. Throughout the week, we interacted with executives and thought leaders, and were fortunate enough to meet with organizations ranging from single person ventures to Facebook and Google. We were able to gather unique perspectives from venture investors, consultants and academics on the history and ecosystem of

John Hennessy ’73 COE, president of Stanford University

the Valley. The executives did not view their jobs simply as means to an end, but as a mission to do something bigger—to make an impact. Their work contributes to a greater good—the latest cancer drug, a more connected world or ubiquitous communication. The passion that is embedded in their corporate cultures drives them to be successful. Employees believe in the greater mission of the company and strive to attain it. This kind of motivation is incredibly powerful, and it is what drives success in Silicon Valley. It also is part of the mission of VSB and Villanova. The VinV program had a significant positive impact on my professional aspirations. It affirmed my decision to work in the technology industry. I was proud to show off the Bay Area to fellow Villanovans, and it also gave me a great opportunity to meet and network with Villanova alumni in California. I appreciate the faculty and staff who recognize and nurture the creativity in students—it is one of the things that makes VSB special. Look for more information about the next VinV at www.villanovaice.com

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faculty spotlight

THOMAS “TIM” MONAHAN, PhD Thomas “Tim” Monahan, PhD, John M.Cooney Endowed Professor of Accountancy and Information Systems, who has experience as a teacher, researcher, consultant and dean, understands connections between disciplines. What first attracted him to Villanova was the balance offered between teaching, research and the ability to consult, a benefit still at the core of the Villanova education model. Dr. Monahan’s background speaks to his interest in the multidimensional nature of business disciplines. He graduated from Hofstra University with a degree in economics and worked for several years at Becton, Dickinson and Company, a medical technology company. After earning his MBA from Rutgers University, he decided to give teaching a try. He started teaching at LaSalle University and shortly thereafter pursued his doctorate at Temple University. “I started in the finance department, which appealed to my background in economics, but I wanted to apply my economics and finance background to solving business problems,” explained Dr. Monahan. “This is what led me to the accounting discipline, which is more problem-oriented.” Interdisciplinary connections continued to be apparent in his studies and quickly became the basis of his teaching philosophy. Dr. Monahan developed this philosophy into a program through VSB’s Executive MBA program, which incorporates the theory of systems thinking. By giving students foundational skills within traditional business disciplines and then applying a multidisciplinary approach to identifying business problems, students learn to develop solutions from an interdisciplinary, systemic perspective. “The competitive advantage of 12

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the EMBA program is our connection to business,” says Dr. Monahan. “Connecting to executives helps our faculty build bridges to practical applications and leads to executive engagement in the program.” Dr. Monahan stays connected to executives through his extensive consulting work, having served over 30 Fortune 100 companies. Most recently, Dr. Monahan worked with Dow Chemical on an international program offered to high potential executives to update their business acumen. He also consults with 3M’s global management directors in a training program. Dr. Monahan has served on the Board of Directors for Ariba for several years as well, allowing him to apply theory to practice.

talents among the community has kept Dr. Monahan here for over 30 years. He is continually impressed by students’ intelligence and involvement, and recognizes that faculty members highly respect their students. Dr. Monahan saw this in action when he served as the dean of VSB from 1996 to 2003. Dr. Monahan continues to teach auditing and accounting courses at the graduate and undergraduate level, and will soon be teaching in the multidisciplinary Financial Management and Reporting class. A combination of finance and accounting, this course is about integration. To Dr. Monahan, this replication of the real world in the classroom is yet another example of what makes the VSB learning experience unique.

“The competitive advantage of the EMBA program is our connection to business”

The unique learning environment at VSB and the

WOMEN’S PROFESSIONAL NETWORK EVENT WITH

PAMELA RYCKMAN

On September 18, Pamela Ryckman, journalist and author of Stiletto Network, delivered a talk titled “How Women’s Networks Are Shaping Business.” This special event was sponsored by the Villanova Women’s Professional Network, and attracted a substantial crowd of businesswomen, students, alumni, faculty and staff. Stiletto Network is a story of female friendship disguised as a business story, a tale of women banding together to improve lives, companies and communities, to achieve their dreams and change the world. During the past few years, women’s groups have been coalescing in every major American city. Formidable ladies across industries are convening at unprecedented rates, creating salons, dinner groups and networking circles, and collaborating to achieve clout and success. Each group may have no more than 10 women, but in aggregate they number in the tens if not hundreds of thousands of women nationwide. A new girls’ network is alive and set to hyper-drive, and Stiletto Network is the first book to shed light on this groundbreaking movement.

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student achievements

Hudish represents the

FUTURE OF ADVERTISING

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Molly Hudish ’13 VSB won the Philly Ad Club “Philly’s Future” Scholarship Award. The award acknowledges students who represent the future of advertising and are pursuing careers in Philadelphia. Molly was the first place winner, receiving a $5,000 scholarship and an internship during the summer of 2012. The Philly Ad Club is a nonprofit organization made up of over 2,200 advertising, marketing, media, PR and interactive professionals working together to improve and promote the advertising industry.

Society. She was also an active member of the Innovation, Creativity and Entrepreneurship Certificate Program, Special Olympics, Villanova Ambassadors and Bigs & Littles.

During her time at Villanova, Molly was a member of Phi Kappa Phi Honor Society, Beta Gamma Sigma International Business Honor Society, Marketing Society and Women in Business

Molly graduated with a major in marketing and a specialization is Business Communications. Molly is launching her professional career at Johnson & Johnson as a member of their McNeil Marketing Leadership Development Program.

Villanova Business

After receiving the award, Molly said, “Receiving the Scholarship was an unexpected, but more than pleasant, surprise for me.   I am deeply grateful to Dr. Bennett for her nomination and the Philly Ad Club for their appreciation of my hard work. ”

Accounting students reach

NATIONAL FINALS A team of VSB students was named one of five national finalists in the PricewaterhouseCoopers (PwC) Extreme Accounting (xACT) Competition. Joseph Brady ’15 VSB, Douglas Jadis ’15 VSB, Nicholas LaTorre ’15 VSB, Christian Ludwig ’15 VSB and Richard Ulrich ’15 VSB comprised Villanova’s team. As a finalist, VSB’s student team received $10,000.

The xACT challenge is a high-level case competition that tests students’ critical thinking, decision making, collaboration, time management and presentation skills. Each team has two weeks to develop a solution to a real-world accounting issue, which they then present to a panel of PwC representatives. The winning team from each participating campus is considered to compete in the national finals in New York City, but ultimately only five teams are chosen. Nearly 50 schools from across the country participated this year in the xACT competition.

Joseph Brady ’15 VSB, Douglas Jadis ’15 VSB, Nicholas LaTorre ’15 VSB, Christian Ludwig ’15 VSB and Richard Ulrich ’15 VSB

“The team did an outstanding job at the xACT finals in NYC. Many people told me how impressed they were with our team,” said Kenneth Hiltebeitel, PhD, who advised the team along with James Borden, PhD. This marks the fifth occasion that the VSB team has reached the finals in the xACT Competition.

CAMPANILE TAKES HER LEADERSHIP TO DRY LAND Maria Campanile ’13 VSB was honored with the Sister Mary Margaret Cribben Award for her achievements as a student athlete and a leader. Maria, an accounting major, was captain of the Villanova women’s water polo team for two years. The Sister Mary Margaret Cribben Award, established in 1985, is given to one male and one female athlete who unselfishly sacrifices time, effort, body and soul to lead and motivate their teammates in excelling through inspiration.

“I’ve put everything Maria was recognized for her passion into Villanova” and devotion to her teammates, Villanova athletics and the entire Villanova community. In addition to her four-year involvement with the water polo team, Maria was a three-year representative of the Student Athlete Advisory Committee, a peer advisor in VSB, a member of the Beta Alpha Psi Accounting Honor Society and a member of the Athletic Leadership Institute. After learning of her award Maria said, “I feel honored and excited. Four years of hard work paid off. I’ve put everything into Villanova for four years.” Maria has accepted a job with PricewaterhouseCoopers in Chicago.

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JIM CRAMER T A P E D

T H E

T E L E V I S I O N

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MAD MONEY D U R I N G V I S I T

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D A Y - L O N G C A M P U S .

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LIVE FROM THE PAVILION.

Jim Cramer

Over 800 students, faculty, sta and alumni attended the filming on campus. Villanova Business

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BACKGROUND

NBC10, Philly.com, WMMR’s Preston and Steve and CNBC’s Squawk on the Street featured interviews with Cramer from Villanova’s campus highlighting VSB.

CREATIVE INVESTING

Cramer’s late mother encouraged him to be creative and pursue writing, while his father stressed the importance of making a profit. Cramer initially followed a creative route and worked as a journalist. As a homicide reporter, however, Cramer did not have healthcare and wound up living in his car. At that point he realized he needed to make more money. But Cramer promised his mother that he still would be creative. From there, Cramer worked at Goldman Sachs, was a hedge fund manager and founded thestreet.com. He made the money he sought, but honored his promise to his mother by rediscovering his creativity through television. The entertaining and educational show Mad Money was born. “I was determined to not be poor,” said Cramer. “And I was determined to be creative. I did both.”

Jim visited with students in the Applied Finance Lab to give them advice on trading and the stock market.

PHILADELPHIA

“MY ROOTS ARE HERE; MY LIFE IS HERE”

Cramer is deeply connected to Philadelphia. He lived in Bucks County, is a long-time Eagles season-ticket holder, still follows the Phillies (and can talk knowledgeably about their pitching), has family in Philadelphia and visits the area twice a month to see his father. He is no stranger to the great cheesesteak debate in Philadelphia, and passionately maintains a commitment to Geno’s. “Birthdays at Geno’s are a hallowed tradition,” said Cramer of the Philadelphia staple. He may live outside the Philadelphia area, but he has not left it behind. “I’m a Philadelphian who lives in Summit, New Jersey,” he proudly declares.

Dean Maggitti became the first-ever business school dean that Cramer interviewed. The exclusive one-on-one interview circulated on Mad Money’s social media outlets.

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MAD MONEY

“MY MISSION IS FOR PEOPLE TO KNOW MORE ABOUT THE MARKET”

Cramer combines the stock market with entertainment. “I have to make it fun because it’s really boring…no one’s made it interesting.” By making investing more exciting, Cramer hopes he will educate people on the market and economy, which will help them make better financial decisions. “If they’re interested in their money they will be a better investor.” They will also find navigating the stock market to be enjoyable and will value the successes they see from their decisions. Cramer believes the stock market is for everyone, and his goal is to make investing less daunting and more accessible to all. “People wish they knew more and don’t know how to crack into it because it can be such a dense topic…I try to make it understandable.”

Through a combination of Villanova and Mad Money 7.9 million users read about Mad Money at the Villanova School of Business. The tone of these tweets was particularly positive and enthusiastic.

ADVICE

52,170 users re-tweeted messages related to Mad Money at Villanova and 637,237 users tweeted and replied to Cramer’s messages about the show at Villanova.

THE EARLY BIRD GETS THE WORM

Cramer believes in hard work. He encourages students to consistently stay one step ahead at all times. And he knows what young business leaders need to do in order to succeed. “Set the alarm at quarter of four,” Cramer said, “because you’ve got to beat everyone. The bad guys get up early and you’ve got to get up early. And the bad guys are everybody else that you’re competing with, and they are bad and you are good. The good guys get up earlier than the bad guys.”

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COLLABORATION ON CAMPUS SPURS

NEXT BIG SOCIAL MEDIA WAVE New, innovative ideas are often the product of an unlikely pairing. Tom Krueger’s ’11 VSB story exemplifies that concept, in more ways than one. Not only did he connect with his business partner in an unexpected way, but the two came up with a business idea that brought together dissimilar functions: organization and socialization. The summer after his sophomore year, Tom was studying abroad in London when he met Eric Adams ’11 LAS. Tom and Eric discovered that not only did they both go to Villanova, but they were also from the same area in Massachusetts and had attended rival high schools. They soon realized they shared another commonality: they wanted to start a business. Before long, Tom and Eric began brainstorming, bouncing ideas off each other and riffing about problem areas for which they could invent a solution. The duo found that they kept coming back to the issue of time management. The first iteration of Tom and Eric’s brainchild, called NovaPlanner, targeted students. An online calendaring system, it helped active students stay on top of their courses, extracurricular activities, assignments and meetings. After building a rudimentary prototype of the platform, Tom and Eric deployed the tool in a few classrooms, including that of Peggy Chaudhry, PhD, associate professor of management at VSB. Within months, the number of active users jumped to 4,000, and 12 schools implemented NovaPlanner in their classrooms.

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During the remainder of their time as undergraduates at Villanova, Tom and Eric continued to refine their business plan and pitch. In their senior year at Villanova, they caught the attention of a major Boston-based venture capitalist, who became their primary investor. Taking advantage of this momentum, Tom and Eric met with—and wowed—other potential investors. Through the help of the ICE Center, they presented their idea to alumni, and soon secured Ned Moore ‘90 VSB, co-founder, chairman and CEO of Clutch, as an investor as well.

Tom Krueger ’11 VSB (left) and Eric Adams ’11 LAS founded new company plannedUp.

Today Tom and Eric’s company is known as plannedUp. PlannedUp—a mobile based evolution of the NovaPlanner concept—allows users to share schedules by synchronizing with existing calendar systems. By creating a network of shared calendars with friends, users can stay in the loop with friends, comment on events and even share and save photos within the calendar network. The new highly-anticipated social platform will be unveiled soon!

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student spotlight

CHRIS JONES ’13 VSB Chris Jones ’13 VSB experienced his first ‘aha moment’ in 2008 when he was still in high school. While at a sporting event in Delaware, Chris and his sister Catherine noticed many seats in the stands were left unused. Chris saw the empty space as a waste and thought about the impoverished or disadvantaged youth who would be thrilled to fill those seats. Inspiration hit him: the arenas could offer seats to children in need and avoid vacant fan sections, and children in need could have the chance to participate in a fun outing that they could only dream about previously. Chris and Catherine shared the idea with their family, and the Kind to Kids Foundation was born. The Jones family was all too familiar with the plight of children in need. Chris’s mother, Caroline Jones ’80 CON, worked with foster children as a Court Appointed Special Advocate in Family Court. “She heard countless heartbreaking stories 24

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about children who were ignored, beaten, living in poverty,” Chris said. “She knew that many foster children had never been to a baseball game, seen a live performance, received a toy during the holidays or even had their own cake on their birthday. We started Kind to Kids to change that, to give these children a reason to smile.” Chris’ idea came to fruition—and then some. To accomplish the mission of bringing joy into the lives of victims of child abuse, neglect and poverty, Kind to Kids identified ways to comfort children entering foster care, give them positive life experiences and offer them educational programs and supplies. The Foundation began partnering with a large number of prominent entertainment venues and groups, such as the Philadelphia 76ers, the Philadelphia Eagles, Longwood Gardens, Grand Opera House, Delaware Children’s Theatre, Wilmington Blue Rocks and many more, to provide fos-

ter children with access to a variety of artistic, athletic and cultural events. Soon Kind to Kids took on volunteers, a staff and a Board of Directors. The list of supporters grew, and the number of foster children touched by Chris’s idea grew as well. Today, Kind to Kids is a 501(c)(3) nonprofit organization that has served over 7,000 children and has given them opportunities to enjoy entertainment at ticket values in excess of $100,000. The Foundation also expanded its services to include the My Blue Duffel program, through which each child entering foster care in Delaware receives a piece of luggage, a hand-knit blanket and an inspirational book, and the LifeSkills education program, which prepares foster teens to lead self-sufficient lives after aging out of the system at 18 by teaching them about money management, career skills, self-care and more.

Chris is still actively involved with Kind to Kids. He volunteers at events, provides office support, pitches the organization at various community events and helps fundraise at every chance. Moreover, Chris acts as a consultant for Kind to Kids, using the lessons he learned at VSB to improve the foundation. “My education has taught me to identify a problem and work to create a fact-based solution,” he said. “Through working on group projects and learning to craft business plans, I have been able to create strategies to improve Kind to Kids and better help the children in need. Being at Villanova, I also learned about the importance of service and caring for the community.” Chris is a true example of VSB’s pillars in action. For more information on the Kind to Kids Foundation, please visit kindtokids.org.

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EMBA 2.0 When then-dean, Thomas (Tim) Monahan, PhD, the John M. Cooney Endowed Professor in Accountancy and Information Systems, launched the Villanova Executive MBA (EMBA) program in 2000, he did not simply reformat the traditional MBA program. He envisioned the EMBA curriculum to provide a different level of learning. Executive MBA students typically have more years of professional experience than traditional MBA students. The curriculum needed to offer skills to educate the next round of senior leaders. To determine the best way to meet that objective, Dr. Monahan met with a variety of CEOs and asked them what Villanova should be teaching their top talent. The consistent answer was the need to teach future leaders to think differently; to approach issues from a holistic standpoint; to give students a framework to correctly identify issues and create solutions that worked throughout their entire organization. Dr. Monahan then created an EMBA program to teach upcoming leaders, regardless of their specialty or area of responsibility, how to look at an organization as if they are the CEO – a discipline called Systems Thinking.

At VSB, Systems Thinking is led by one of the original contributors to the concept—Jamshid Gharajedaghi. Systems Thinking equips students with an interdisciplinary, strategic approach to problem solving, encouraging them to think beyond functional silos and appreciate how their actions affect an organization as a whole. The transformative, problem-solving approach that Systems Thinking provides enhances the skills that students take back to their organizations – and is unique to VSB’s program. Although the EMBA program was updated periodically since its introduction, over the past two years, Dr. Monahan spearheaded a critical reevaluation of the EMBA curriculum. Incorporating EMBA alumni feedback and advances in new business topics, new content streams were introduced to ensure integration with Systems Thinking. New courses in buyer behavior, negotiation, corporate governance and analytics were incorporated. Best-in-class courses from other colleges within the University, such as a sustainability course from the College of Engineering, are being considered for cohorted

EMBA Curriculum:

Six content streams are woven throughout the 21-month EMBA experience to ensure holistic learning.

1 Systems Thinking and Design 2 Leadership Development 3 Measurement & Performance Systems 4 Global Markets & Environment 5 Technology, Innovation & Growth 6 Ethics & Corporate Responsibility

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Highlights of EMBA 2.0 • Introduction of iPads, BYOD (device) and electronic content delivery

electives. “This latest revision to the curriculum is the most comprehensive to date,” said Dr. Monahan. One characteristic of the program that remains unchanged is the spirit – and the community – of the program. Holding true to Villanova University’s Augustinian roots, the EMBA classroom is one of collaboration, a dynamic and safe space that allows for a free exchange of ideas. Students often bring work problems or projects to solve in class with their classmates. Peer learning is just as vital to the program as learning from faculty. EMBA faculty describe the classroom experience as “structured discovery” where they can also learn from the students.

• 10 new faculty members including 3 department chairs • Streamlined schedule to further allow a healthy work-life-school balance • 10+ refreshed courses • 4 new courses: buyer behavior, negotiation, corporate governance and analytics • 2 cohorted electives

Systems Thinking remains at the heart of the Villanova EMBA, and the program is fortunate that Jamshid continues to lead that learning. He teaches that “a system is more than the sum of its parts.” This mantra continues to hold true with the Villanova Executive MBA. The combined impact of the curriculum, the faculty and the classroom environment all contribute to a transformational experience. We invite you to learn more by visiting emba.villanova.edu.

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donor spotlight

ROBERT T. LeCLAIR, PhD “I’m hopeful that the experience will work in both directions,” he said. “Foreign students coming here would have opportunities previously unavailable to them, and it would be a rich experience for them to take advantage of all Villanova has to offer. It would also create a situation where our domestic students could interact with folks from abroad, to learn more about foreign students and countries, and to share those experiences.”

“I wanted to do something . . . to pay Villanova back.” After nearly three decades of service to VSB, Finance Professor Robert T. LeClair, PhD, made a generous one million dollar gift to the school. A graduate of the University of Pennsylvania, where he received his bachelor’s degree, and of Northwestern University, where he earned an MBA and a PhD, Dr. LeClair is not an alumnus of Villanova. However, Dr. LeClair felt strongly about making a gift to a place he considers to be very special. “Villanova has been my professional home for almost 30 years,” said Dr. LeClair, “and I wanted to do something to recognize that and to pay Villanova back for providing for me and taking care of me for the past 30 years.” Dr. LeClair’s gift to VSB led to the creation of the Robert T. LeClair International Scholars Fund. The primary purpose of this fund is to promote programs that advance international scholarship at VSB. Specifically, the fund will provide support for foreign students attending VSB, foreign professors/ lecturers teaching at VSB as visiting scholars and VSB students who wish to study abroad but need financial assistance. The intention behind his gift, according to Dr. LeClair, is that the fund would make possible a unique learning exchange between countries.

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The nature of the fund is fitting, given Dr. LeClair’s devotion to international business scholarship. For the past 20 years, he has taught in Italy, and he has led VSB’s international studies summer program in Rome for the past 15 years. This collaborative program is a six-week experience during which Villanova students take courses at the John Cabot University and learn about global business practices. Dr. LeClair has also conducted research in the area of international finance, and he teaches a number of international business courses at VSB. Thanks to Dr. LeClair, who now joins the University’s distinguished 1842 Heritage Society that recognizes donors who have included Villanova in their estate plans in various way, VSB is able to enhance the learning opportunities for its own students as well as for those international students who wish to join our community. “Dr. LeClair’s generosity promotes cultural collaboration, international business education and firsthand global experience. The Fund also extends VSB’s international reach and provides students— both domestic and abroad—with the chance to travel and learn in a way that was previously unattainable. We are incredibly grateful for Dr. LeClair’s generosity,” said Patrick Maggitti, The Helen and William O’Toole Dean.

THE DEAN’S ADVISORY COUNCIL

The Dean’s Advisory Council (DAC) provides advice and guidance to the dean of the Villanova School of Business on important strategic initiatives under consideration at the school. William K. Bacic ’78 VSB, ’10 PA

Gerard S. LaRocca ’14 PA

Daniel H. Bathon Jr. ’76 VSB

Jeffrey C. LeSage ’82 VSB

Richard Betz ’84 VSB

Patrick G. Maggitti, PhD

James R. Boyle ’14 PA

John D. McCarthy ’16 PA

George W. Coleman ’78 VSB

Bill R. McDermott

John J. Coneys ’73 VSB

Donough P. McDonough ’81 VSB

Kevin M. Curley ’80 VSB, ’09 PA

Robert A. McMahon ’79 VSB

Kathie J. De Chirico ’08 EMBA

Jeffrey Miller ’79 VSB

James DeBlasio ’77 VSB

Robert F. Moran ’72 VSB

Andrew P. DiLoreto ’80 VSB, ’14 PA

Donald J. Musso ’81 VSB, ’14 PA

Joseph J. Fico ’13 PA

Thomas Quindlen ’84 VSB, ’13 PA

Mark Ford ’11, ’15 PA

David E. Rutter ’84 VSB

Christopher Gheysens ’93 VSB

Madonna Sutter ’81 MA (ex-officio)

Thomas Gilman ’73 VSB

Milissa M. Tadeo ’04 EMBA

Vahan H. Gureghian ’76 VSB, ’09 PA

Michael J. Thomson ’80 VSB

Christine James ’91 VSB

William Tucker ’81 VSB, ’15 PA

Thomas Klein ’84 VSB

Arthur F. Tully ’10, ’13 PA

Jeffrey Lagarce ’12 PA

Thomas M. Venables ’78 VSB

Joseph Lamastra ’83 VSB, ’12, ’15 PA

Susan Wolford ’77 LAS

New England Managing Partner Deloitte & Touche, LLP General Partner and Chairman Windspeed Ventures, LLC

Executive Vice President & COO Resolute Energy Corporation Former President John Hancock

Vice Chairman, Global Equities Department Credit Suisse Retired Vice Chairman PricewaterhouseCoopers LLP President and CEO Curley Financial Group, LLC

COO & Executive Vice President, Brand Strategies Robin Baron Design Group Chief Executive Officer NOVA Corporate Strategies Chairman and CEO Insight Catastrophe Group President and CEO TD Bank

Executive Vice President & President, Sports Group Time Inc. President & CEO Wawa, Inc.

Retired President & CEO TD Auto Finance Chief Executive Officer CSMI, LLC

Managing Director, Institutional Client Services Wells Capital Management President & CEO Sabre Holdings

Executive Vice President Fidelity Investments

President T Capital Management, LLC

Managing Director, Chief Administrative Officer, Americas Barclays Capital Vice Chariman - Tax KPMG LLP Chairman’s Office

The Helen and William O’Toole Dean Villanova School of Business President & COO McCarthy Tire & Automotive Center Co-CEO and Executive Board Member SAP America, Inc. Managing Director Boomerang Capital, LLC

Leader, US Policy & Government Relations Merck & Co., Inc. President Studio Operations Walt Disney Studios President and CEO PetSmart, Inc. President FinPro

President and CEO GE Capital

Former Chief Executive Officer ICAP Electronic Broking, LLC Associate Dean, External Relations Villanova School of Business

Senior Vice President, Corporate Affairs Federal Reserve Bank of Philadelphia President and CEO SunCoke Energy, Inc. CEO MediaVest USA Partner Ernst & Young

President and CEO Taramax USA, Inc.

Managing Director BMO Capital Markets Corp.

Mr. Ronald Langston

Principal Langston Global Enterprises, LLC

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Villanova Business Magazine Summer/Fall 2013