Isenberg's dedication ceremony for the Arthur '57 and Barbara R. Elkins Business Intelligence Boardroom on March 10 attracted an enthusiastic gathering, including Chancellor Subbaswamy, Dean Fuller, former Dean O'Brien, and a number of Arthur Elkins' beloved former colleagues on the Isenberg faculty.
On March 5th 2014, several hundred students met with recruiters from 68 companies in the 40th annual Isenberg Hospitality & Tourism Management Career Day. Run like clockwork by Isenberg HTM students, the stylish event featured a central career fair in the Campus Center Auditorium, individual information sessions hosted by recruiting firms, and, at the end of the day, a lavish reception and networking event for recruiters and students in HTM's Marriott Center for Hospitality Management.
Each spring, for their capstone MBA Practicum, teams of second-year students in Isenberg's Full-time MBA Program apply their skill sets in semester-long consulting projects on behalf of business and nonprofit clients. In this spring's practicum, students will conduct extensive research, deploy creative problem solving, and generate extensive reports for high-profile corporations, local businesses, and nonprofit organizations. For an example of the high-value research generated through the practicum, read below about an MBA team's findings last spring on the local meat industry in Western Massachusetts' Pioneer Valley.
On February 20, Pulitzer Prize winning reporter and author Steve Fainaru and his journalist coauthor and brother, Mark Fainaru-Wada, spoke to the UMass Amherst community on the implications of head injuries in the National Football League. Sponsored by Isenberg's Mark H. McCormack Department of Sport Management and UMass Amherst's Journalism department, the presentation explored issues raised in their best-selling book, League of Denial: The NFL, Concussions and the Battle for Truth and its companion documentary, which aired last October on PBS Frontline.
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Three Ph.D. candidates at Isenberg are among ten recently named UMass Amherst recipients of the 2014 Eugene M. Isenberg Awards. Established in 1995 by Eugene '50 and Ronnie Isenberg, the annual scholarships of up to $10,000 per awardee recognize outstanding graduate students who are committed to the integration of science, engineering, and management. The three Isenberg Ph.D. students are Sara Saberi (Operations & Information Management), Ryan Guggenmos (Accounting), and Xiaohui Yang (Finance).
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With the Sochi Winter Olympic Games in the rearview mirror, a 2012 statistical study by Professor Neil Longley of Isenberg's Mark H. McCormack Department of Sport Management is prompting observers to ask whether the teams of NHL players who participated in the Games will suffer a letdown during the rest of the NHL season.
Isenberg's inaugural Women of Isenberg Conference on February 8th attracted over 150 alumni, students, faculty, and staff members to a full day of panels, networking, and relationship building. Organized by the student group, Isenberg Women in Business, and generously sponsored by Target, the event featured seven breakout panels with 24 alumnae panelists spanning the Isenberg classes of 1978 through 2012. Several Isenberg faculty and staff members were also panelists. In an eighth panel, four women managers at Target described their career paths and the firm's culture.
Our market regulators are still employing regulatory principles rooted in the 1980s view of the trading environment based on humans wearing multi-colored jackets, while, in fact, what we have is a complex adaptive system of computer algorithms, observed MIT Sloan professor Andrei Kirilenko in his February 7th lecture at Isenberg. An economist with nearly two decades of policy and regulatory experience who most recently served as Chief Economist of the U.S. Commodity Futures Trading Commission, Kirilenko is on a mission to create evidence-based regulatory tools that bear relevance to today's automated trading practices.
"In devising a strategy, good marketers include what-if conditions that might cause that strategy to fail," observed Marc Schneider '81 in his late November visit to Professor Marc Weinberger's class, Managerial Perspectives in Marketing Strategy. A former Isenberg management and finance major, Schneider is Group President of Heritage Brands in Manhattan, one of three divisions in the American-based clothing giant, PVH Corp (Phillips-Van Heusen). Schneider's division manages such high-profile brands as Izod, Van Heusen, Arrow, Speedo, Warner's, and Olga. "We sell one in three dress shirts in the United States. We also own 60% of the market for ties-35 million ties a year," he told the students.
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"I speak for the three of us on my student team when I say that this project was by far the most challenging and most rewarding experience of our undergraduate careers," emphasized Isenberg senior Nicholas Munro. The Isenberg marketing major was reflecting on Professor Charles Schewe's honors course, Tools for Professional Success in Marketing, which assigns student consulting teams to strategic marketing challenges on behalf of corporate clients.
For Isenberg strategy professor Anurag Sharma, investing is both a science and an art and, most importantly, a deep discipline. His recently published Book of Value arms the reader with a conceptual framework with which to detect true value in a sea of noise.
For the second year in a row, Isenberg has received top honors in U.S. News & World Report's Best Online Graduate Business Programs with ranking of 27th overall, and 23rd amongst public universities. There were 172 schools ranked by the publication.
A prestigious Isenberg asset--the Morningstar CISDM Database--will now be offered by the University of Pennsylvania Wharton School's internet-based data research service, Wharton Research Data Services (WRDS). The Isenberg database, managed by the school's Center for International Securities and Derivatives Markets, tracks qualitative and quantitative information for more than 6,000 hedge funds, funds of funds, and commodity trading advisors (CTAs). Morningstar CISDM also includes a database that provides robust information on 13,000 inactive funds.
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The Department of Hospitality and Tourism Management (HTM) at Isenberg in partnership with Marriott International, Inc. introduced high-performing, high-potential HTM students to a unique experiential learning opportunity.
Former Isenberg management and finance major Marc Schneider '81 was a guest speaker in Marc Weinberger's class, Managerial Perspectives in Marketing Strategy. Schneider is Group President of Heritage Brands in Manhattan, one of three divisions in the American-based clothing giant, PVH Corp (Phillips-Van Heusen).
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According to Isenberg accounting professor Elaine Wang, auditors from different nations may unwittingly convey different cultural biases in their professional judgments. With support from the Washington, D.C.-based Center for Audit Quality, Wang and Isenberg Ph.D. candidate Aaron Saiewitz are comparing how American and Chinese auditors account for various types of errors embedded in an auditing case study in different ways. In other words, asks Wang, will different cultural mindsets promote or impede critically important professional skepticism in auditors' judgments?
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Kudos to Kim Figueroa (Chase Career Center), Debbie Puchalski (Accounting & Marketing), and Carol Szymkowicz (Sport Management and general administration)--this year's recipients of Isenberg's Outstanding Staff Awards. Nominated by their fellow employees and chosen by a faculty-staff committee, the honorees received their awards at Isenberg's annual end-of-the-year faculty-staff gathering (a.k.a. the Reindeer Seminar) on December 9th.
Three Isenberg students were on winning teams in the UMass Innovation Challenge Executive Summary and Elevator Pitch Competition on December 3rd. In the competition, which asks interdisciplinary student teams to concisely "pitch" their preliminary business plans to a panel of business-practitioner judges, eight winning teams vied for $10,000 in seed money.
Ahmed Ghoniem, an assistant professor of Operations and Information Management at Isenberg, is leading a three-year project that is creating infrastructure and logistics planning models for the 2022 FIFA World Cup (soccer) tournament in Qatar. Funded by the state-run Qatar Foundation, Ghoniem is focusing on Qatar's transportation and lodging systems.
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