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Richard Metzler might not be where he is today if it weren’t for his purchasing professor, John Hoagland. Metzler, owner of Trove Partners, LLC and 1963 alumnus, fell on financial hard times in college and approached Hoagland to tell him he would have to drop out of school to work full time. Instead, Hoagland found him a scholarship, and years later, they are coming together to support supply chain management students who need financial assistance to get through college like Metzler did.
While other Broad College disciplines have had scholarship funds for a number of years, the integrated supply chain discipline does not share in that history. When Hoagland and Metzler approached the Supply Chain Management (SCM) department inquiring what they could do to support today’s students, David Closs, The John H. McConnell Chair in Business Administration and Supply Chain professor, suggested creating an endowed scholarship fund for SCM students. As a result, they recently created the Supply Chain Management Endowed Scholarship/Fellowship Fund to support Broad students interested in purchasing or the purchasing aspect of supply chain management.
“John Hoagland and Richard Metzler have both made significant contributions to this school over the years, and John was a major part of the success of the purchasing program,” says Closs. “We are very grateful for their support, which establishes a perpetual fund that will prepare the next generation of supply chain professionals for the future.”
Hoagland and Metzler have seeded the fund with $200,000, but Closs hopes to increase the amount through contributions from the large alumni base of the SCM program and its Materials and Logistics Management (MLM) predecessor. Each year, the funds generated by the endowment will be disseminated to graduate and undergraduate students based on a combination of merit and need.
Hoagland was a Purchasing professor at the Broad College from 1952 to 1990 and was a global leader in applying academic rigor to the field. He was also a creator of the Purchasing Managers Index, which tracks industrial purchasing activity and is still in use today. Metzler and Hoagland also inspired and generously supported the $2 million John Hoagland - Richard Metzler Endowed Chair in Purchasing Supply Management in the Broad College. In addition, the Institute for Supply Management created the John H. Hoagland Award for Distinguished Service last year in his honor.
HOAGLAND, METZLER CREATE ENDOWED FUND FOR SUPPLY CHAIN SCHOLARSHIPS
Upcoming events
BroadBusiness Published Spring 2011
A publication for alumni and friends of the
Broad College of Business.
Editor Heather Hill Communications Director [email protected]
Contributors Connie Lawson Assistant Director, Alumni Relations [email protected]
Gabrielle Moore Student Writer
Office of the Dean (517) 355-8377
Stefanie Lenway Eli and Edythe L. Broad Dean [email protected]
Matthew J. Anderson Associate Dean for Diversity and Inclusion [email protected]
Susan F. Haka Associate Dean for Academic Affairs and Research [email protected]
Karyll Shaw Associate Dean for MBA and Professional Master’s Programs [email protected]
John A. Wagner III Associate Dean for Undergraduate Programs [email protected]
Ernest Betts Assistant Dean for Multicultural Business Programs [email protected]
Eileen Wilson Assistant Dean for Undergraduate Education and Academic Services [email protected]
Development & Alumni Relations Team (517) 353-4340
Cathy Hicks Senior Director, Development & Alumni Relations [email protected]
Vivian Leung Associate Director, Corporate & Foundation Relations [email protected]
Mary Gray Assistant Director, Development [email protected]
Connie Lawson Assistant Director, Alumni Relations [email protected]
Katherine Badder, JD Development Assistant [email protected]
Kris Davis Office Secretary [email protected]
http://broad.msu.eduMSU is an affirmative action, equal-opportunity employer.
Broad College of Business Michigan State University 520 North Business Complex East Lansing, MI 48824-1121
http://broad.msu.edu
BroadBusiness
Metro Chicago – Broad College Executive Forum Thursday, May 19, 2011, 3:30 – 8 p.m. University Club of Chicago, Chicago, IL
Gathering of Leaders – The School of Hospitality Business Monday, May 23, 2011, 6 – 8 p.m. The Drake Hotel, Chicago IL
Reunion Days Luncheon – Business & Hospitality Business Alumni Class of 1961 and earlier Thursday, June 2, 2011, noon – 1:30 p.m. James B. Henry Center, Lansing, MI
Annual Golf Outing for Weekend & Executive MBA Alumni Saturday, June 25, 2011, 10:30 a.m. Forest Akers West Golf Course, East Lansing, MI
Grandparents University June 28 – 30, 2011 MSU Campus (various locations)
Homecoming Saturday, Oct. 22, 2011 MSU Campus (location TBA)
BroadBusinessSpring 2011
PricewaterhouseCoopers (PwC) recently announced the company is generously contribut-ing $500,000 over five years to the Al Arens Teaching Excellence Fund in memory of the former
PwC endowed professor. Arens, an MSU professor for 39 years, passed away on Dec. 6, 2010, at the age of 75. Funds are being donated by PwC partners and staff with matching gifts provided by the PwC Academic Foundation.
“Al Arens dedicated himself to his students and to preparing them for success and leadership in the accounting profession,” says Mike Burwell (BA ’86), PwC U.S. operations leader and chief financial officer, who was recently recognized as the Broad College Accounting and Information Systems department Alumnus of the Year. “Al was a role model to countless students, a friend to our firm and an ambassador for the profession. There’s no better way to honor his memory than to support the sustainability of the programs that he helped.”
The Broad College of Business established the Al Arens Teaching Excellence Fund to support the use of teaching assistants in introductory accounting classes – classes that Arens taught for many years with the
help of many teaching assistants. Consistent with his dedication and generosity to the Broad College and its students, he had pledged to match the first $125,000 contributed to the endowment.
Arens, the former PricewaterhouseCoopers Auditing Professor in the Accounting and Information Systems department, graduated with a PhD from the University of Minnesota and served MSU from 1968-2007. He won numerous college teaching awards, was a MSU University Distinguished Faculty awardee, an AICPA Educator of the Year, the 1990-91 president of the American Accounting Association, a member of the AICPA Auditing Standards Board, and a member of National Association of State Boards of Accountancy, among other awards and honors.
“We are very grateful for PwC’s support and commitment to our program,” says Sanjay Gupta, Russell Palmer Endowed Professor and department chairperson. “Al will be missed, but thanks to PwC’s generosity, we’ll be able to continue providing the personalized instruction and resources that he knew were needed to educate and develop tomorrow’s accounting professionals. We look forward to continued collaboration with PwC.”
PWC ANNOUNCES $500,000 CONTRIBUTION TO AL ARENS FUND
Broad College Supply Chain Management faculty, led by The John H. McConnell Chair in Business Administration David J. Closs, have been investigating how the Southeast Michigan
region can enhance its economy by taking advantage of its cross-border and interna-tional air, rail, highway and trade coordination capabilities. Thanks to two substantial grants from The New Economy Initiative (NEI) totaling approxi-mately $400,000, Closs and his team have been working closely with the Detroit Regional Chamber and Wayne State University to evaluate these assets.
The results of the initial opportunity assessment determined that more than 66,000 new jobs and $10 billion in annual economic activity could result in the region if a coordinated strategy is used to attract regional, cross-border and global supply chain man-agement. While other regions have focused on supply chain as well, the SE Michigan region has unique dif-ferential capabilities including cross-border location, global supply chain expertise and available capacity.
During the first phase of their endeavor, research identified three broad industry supply chain hubs that could be created to attract new industry and facilitate partnerships and growth opportunities: heavy manufacturing (such as auto, alternative energy, chemical and defense), light manufacturing (like food processing, medical and water technologies) and distribution (like warehousing, retail importing and waste management).
Now in the second phase of this project, the team is working to identify pilot firms with which to imple-ment the supply chain hub strategy they identified in their research. After following through with a pilot program, they will evaluate the strategy, and hope to attract other firms to follow the same model.
Closs says that the NEI grants provide the opportu-nity for the region’s team of supply chain professionals, economic development experts and governmental supporters to work collaboratively to identify specific pilot firms, determine inhibitors to regional economic activity, reduce barriers and develop an attractive value proposition. “The results of the first grant and knowledge of the second grant have stimulated joint public and private sector involvement and cooperation,” he says. “We hope to share findings from evaluating pilot firms by December 2011.”
FACULTY EXPLORING WAYS TO CULTIVATE SE MICHIGAN GLOBAL SUPPLY CHAIN HUB
Al Arens
David J. Closs
Top Photo: Trucks at dawn; courtesy of North America’s Corridor Coalition (NASCO).
Broad College Alumni & Friends,
Several media outlets spend vast resources to rank business schools on a regular basis, and this year was no exception. Of significant note is the Broad College’s Full-Time MBA placement
in Bloomberg Businessweek’s “The Best U.S. Business Schools 2010”: 20th overall and 7th among public schools. We are extremely proud of this achievement, especially because our recent alumni overwhelmingly expressed how much they valued their experience. They also highlight that there is much work ahead in order to maintain (and, dare I say, improve) our placement success. A full report of our most recent rankings is available on page 2.
However, rankings aren’t everything, and we push forward daily with our work to help solve the world’s toughest problems. We are currently working to identify key challenges in global manage-ment and strategy, including cutting-edge research topics and new cases to use in the classroom. To help ensure that Broad College faculty stay connected to contemporary challenges in global management, we are creating a new advisory board for the Interna-tional Business Center, whose membership includes many Michigan-based multi-national corporations.
I would also like to draw your attention to the work our supply chain faculty is doing in partnership with the Detroit Chamber and Wayne State. This team is working to identify companies to participate in a pilot program that would involve redirecting freight from Chicago to Southeast Michigan, and could result in $10 billion in economic development and 66,000 new jobs in the region. (Read more about this initiative in the cover story.)
I truly believe the Broad College has made great strides in encouraging entrepreneurship and building connections with the Michigan business community, allowing for more and more opportunities for our students to learn and prosper. I want to thank all of you who have welcomed me with open arms and helped in this process. In the months to come, I will work to build our alumni networks across the country and globally to enrich our thinking about the future of the college.
With warm regards,
Stefanie Lenway Eli and Edythe L. Broad Dean
BROAD EARNS AACSB REACCREDITATIONThe Broad College is among 68 schools around the world that have successfully maintained their accreditation in business this year, the Association to Advance Collegiate Schools of Business International (AACSB) recently announced. Additionally, the college’s Department of Accounting and Information Systems is among 22 schools that have maintained their accreditation in accounting with AACSB.
AACSB accreditation is the hallmark of excellence in business education and has been earned by less than five percent of the world’s business schools. Today, there are 620 business schools in 38 countries that maintain AACSB accreditation. Similarly, 177 institu-tions now maintain an additional specialized AACSB accreditation for their accounting programs.
Richard Metzler
John Hoagland
BroadBusiness Spring 2011
Eli and Edythe L. Broad Dean Stefanie Lenway is a member of an international management education task force that believes business schools have rarely, if ever, experienced change as far-reaching and powerful as the current wave of globalization. The need for business schools to understand these changes and respond accordingly is the core tenet of their groundbreaking report—The Globalization of Management Education: Changing International Structures, Adaptive Strategies, and the Impact on Institutions— recently released by AACSB International.
Understanding these changes, and their implications, was the charge given to this AACSB Task Force on Globalization of Management Education. In this compre-hensive report, the task force explores broad globalization trends in management education that command the attention of any individual or institution striving to navigate in today’s environment. Then, by exploring individual business school strategies, it provides valuable insights into how business schools can and should respond.
“MSU’s Broad College is a leader in providing students with opportunities to study abroad and experience how
business practice varies across countries,” says Lenway. “However, given the increas-ing pace of globalization documented in this study, we still need to do more to support international research and course development to ensure that our students and the companies that they join are equipped to prevail in increasingly globalized industries.”
For more information about this report, visit the AACSB Globalization of Management Education Resource Center at http://www.aacsb.edu/resources/globalization/.
MSU DEAN CHALLENGES B-SCHOOLS TO PREPARE FOR UNPRECEDENTED CHANGE
It all starts with a need. A widow in Cambodia needs a motorcycle so her daughter doesn’t have to take a taxi to work every day. A corn farmer in Costa Rica needs money to prepare new land for growing crops, so he can give his family the Christmas they deserve. A group of fruit and vegetable traders in Sierra Leone need money to buy larger quantities of fertilizer.
Small business owners in need all over the world share stories like these with Kiva, a microfinance program that connects people with money to lend to those who need assistance. Stories from borrowers around the globe are posted on their web-site for anyone with a helping heart to find and fund through microfinance loans.
Some of those helping hearts are right here at Michigan State University. Students and faculty that make up the Spartan Global Development Fund (SGDF) work with Kiva to provide entrepreneurs in developing countries with the funds to support their businesses, their families and the communities they live in. The fund’s founder, Michael Thelen (BA ’09), approached International Business Law Professor Paulette Stenzel in the spring of 2009 with the idea for a microfinance program, and Stenzel says she knew it was something she couldn’t say no to.
“It’s human beings in contact with each other; it’s not just the anonymity of a bank. We care about these people,” Stenzel says. “The people receiving these loans often have no other options, and are extremely grateful to the people who chose to give them a lifeline. The personal nature of the process allows it to be so successful.”
Matching passion with purpose
When he was a freshman at MSU, Thelen traveled to Guatemala, volunteering at an orphanage. Ever since, he’s had an interest in Latin America and a desire to make a difference in the world. Stenzel called him a “kindred spirit,” since she has traveled to Mexico often and studied in Colombia in college. Microfinance had always been an interest of Thelen’s, but to actually get involved in a meaningful way seemed inaccessible to him.
He stumbled upon the key to connecting college students with borrowers halfway across the world by accident. Watching cartoons on the television viewing website Hulu, he saw a commercial for Kiva, and a light bulb turned on. Thelen realized the possibilities that an organization like Kiva could open for a college student like himself, but he also knew the way to make a true impact was to get more people involved. He was connected to Stenzel through mutual friends, and they spread the word. SGDF was born.
“I knew why I felt so passionate about this cause and why economic develop-ment for the poorest had value to me,” he says. “When we were dealing with all the frustrations of starting an organization on campus, I knew there was a reason I was putting myself through it all. To some people they thought it was a good idea in theory, but I just remembered the faces of the little kids I had worked with whose parents hadn’t been able to make enough money and had just left them on a street corner or something.”
Matching need with funds
When SGDF selects an entrepreneur with a good business plan for the funds they would be borrowing, they loan them the money and set up a repayment schedule. To date, SGDF has a 100 percent payback rate, and many of their clients pay back their loans far earlier than agreed upon. Chaz Bauer, the current SGDF president and Finance senior, said the pace at which loans have been paid off exceeded his expectations, which has enabled the group to help more people than they initially thought they could. The faster the loans are paid off, the more people they can help.
The group operates on donations from organizations and individuals, but the money is recyclable. When a loan is repaid, the process starts over again. Money comes back from one borrower and is lent out to another, touching the lives of another family and another community. “We’re supplying people who need money with money from people who are looking to give back,” Bauer says. “It’s not like you make a donation and it provides food for a day; it’s kind of the gift that keeps on giving. We make this loan out and people can use it for their business, and then they repay the loan and we take the money they repay and loan it to another person.”
Though a loan is given to a specific person or group, the entire community reaps the benefits of additional money being funneled into the economy. A profit-able business benefits the community by providing useful or necessary goods, and the money made by that business puts more money back into the local economy. If someone’s business grows, they can hire other people, bringing jobs to the community.
“It’s not just one individual who gets this loan, the big picture is all part of sustainability,” Stenzel says. “In the big picture, microfinance helps people help themselves, and when individuals prosper there is a ripple effect.”
“It was a glimmer of hope…”
Thelen saw the benefits of SGDF’s loans firsthand on a seven-and-a-half month motorcycle trip from East Lansing to Argentina. He traveled with several microfinance institutions, going out into the field with them to get the chance to really see what the loans he had been funding back at MSU were doing for the people in countries who had never even heard of Michigan.
In Guatamala, Thelen met Carmen Beatriz Choy, a shop owner to whom SGDF had loaned money. Thelen says Choy broke down in tears as she spoke about the day she and her husband thought their lives were over. He could not understand the words she spoke without a translator, but the language of loss and sadness are universal. The Guatemalan woman stroked her young daughter’s hair as she spoke about the day she was robbed while walking to buy more products for her business. She had used all of their profits to purchase new items to sell, and in one moment, all of their money was gone.
“You could see how much of a difference (our loan) made to her and her family, even just the way she would talk about how much of an impact this made on her life,” he says. “It was a glimmer of hope for her, and she would squeeze her daughter tighter as she talked about how this had saved them from poverty she couldn’t even describe.”
Thelen had embarked on the trip with a healthy dose of skepticism. Meeting Choy allowed the benefits of the program to really hit home.
“I didn’t want to bait them to get the story I wanted…that it was wonderful,” he says. “I wanted to know if this was a burden or if they felt the interest was fair. I wanted to figure out if I was getting fed a line of BS from some of the institutions that we had been working with. I wasn’t going to believe anything I couldn’t see with my own eyes. Being as skeptical as I was, not having any of my hopes disappointed was a really comforting feeling.”
Photo: Michael Thelen visits with entrepreneur Carmen Beatriz Choy and her daughter in Guatemala whose family business received funds from SGDF.
PASSIONATE BROAD STUDENTS, FACULTY SUPPORT GLOBAL ENTREPRENEURS THROUGH SPARTAN GLOBAL DEVELOPMENT FUND
BroadBusinessBroadBusiness
The Broad College’s undergraduate program is involved in two major media rankings annually – Bloomberg Businessweek and U.S. News & World Report.
In March 2011, Businessweek released its “Best Undergraduate B-Schools of 2011” list, ranking Broad 44th nationally and 17th among public institutions. In addition, recruiters ranked the college 5th overall when asked which programs turn out the best graduates, and which schools have the most innovative curricula and most effective career services.
The next undergraduate U.S. News ranking will be released in August 2011.
The Broad Full-Time MBA program is regularly ranked by various publica-tions, but four are considered the most influential – Financial Times is conducted annually, Forbes is conducted biennially (odd years), U.S. News & World Report is conducted annually and Businessweek is conducted biennially (even years).
Bloomberg Businessweek released its ranking of “The Best B-Schools” in November 2010, placing Broad’s Full-Time MBA program at 20th overall and 7th among public
universities. This is the highest MBA Businessweek ranking ever for the Broad College, which is heavily weighted by recent graduate satisfaction.
In December 2010, Businessweek released an additional “Best US MBA Programs by Specialty” list, ranking Broad’s Full-Time MBA program highly in many specialty areas: Accounting (18); Analytical Skills (28); Communication Skills (34); Finance (31); General Management (36); Global Competition (23); Most Improved (27); Marketing Skills (40); Most Innovative Curriculum (34); Operations (22); Teamwork (5).
Yet another Businessweek list was released in January 2011, ranking Broad’s Full-Time MBA program 2nd in the U.S. and 7th in the world for return on investment. While the average time for an MBA graduate to earn enough money to pay back their tuition is 6.5 years, the average for a Broad MBA graduate is only 3.51 years.
In March 2011, U.S. News & World Report released its 2012 ranking of Full-Time MBA programs, placing the Broad College at 49th overall and 23rd among public universities. In addition, some Broad College subject areas were separately ranked by business school deans: Supply Chain Management (2); International Business (12); and Accounting (20).
Broad’s Full-Time MBA was not listed in the Financial Times ranking this year due to insufficient alumni data. The next Financial Times rankings will be released in January 2012. Forbes will release its next ranking in August 2011.
In addition, academic programs are often ranked in various academic sources.
All three Broad College Accounting programs were ranked highly in the 2010 Public Accounting Report’s (PAR) Annual Survey of Accounting Professors, released
in January 2011. According to the report, the undergraduate program is ranked 11th overall, 8th among public schools; the graduate program is ranked 9th overall, 6th among public schools; and the doctoral program is ranked 13th in research and 8th in teaching overall, 8th and 5th, respectively, among public schools.
According to a study conducted by faculty at Texas A&M and the University of Florida, the Broad College’s Manage-ment faculty ranked 1st in the country in research productivity for the time period 2005-2009.
For more rankings history, please visit: http://broad.msu.edu/information/about/fastfacts#rankings.
Photo: Dean Stefanie Lenway and Associate Dean for MBA Programs Karyll Shaw (center) pose with Broad Full-Time MBA students to mark the college’s top 20 placement in this year’s Businessweek ranking.
BROAD RANKINGS ROUNDUP– NOV. 2010-APRIL 2011
Since 1967, more than 150 alumni business leaders have been recognized by the Broad College for career and personal achievements with Outstanding Alumni, Young Alumni and Lifetime Alumni Achievement awards. The 2010-2011 recipients are:
Lifetime Alumni Achievement
Susan Unger (BA Economics ’72) is the retired CIO at Chrysler/DaimlerChrysler. An influential leader in the automotive and IT industries, she served on
numerous boards and commissions including the Broad College Alumni Association Board, where she was president, and on the Campaign for MSU Committee. She is a past recipient of the Broad Outstanding Alumni Achievement Award, the MSU Alumni Service Award, and is a member of the MSU Snyder Society.
Outstanding Alumni Achievement
David Cosper (BA, MBA Financial Administration ‘77, ‘78) is vice chairman and CFO of Sonic Automotive. Cosper spent much of his career with Ford Motor Company and Ford Motor Credit, serving as vice president and treasurer of Ford Motor Credit and executive
director of corporate finance at Ford Motor Company. He is a past member and president of the Broad College Alumni Association, a past recipient of the MSU Alumni Service Award, and a member of the MSU Hannah Society.
Erik Qualman (BA Marketing ’94) is an author/educator. His book, “Social-nomics,” was a #1 bestseller, translated into Chinese, Portuguese, German, Korean and Japanese. Qualman is sought out often as a speaker and commentator, discussing the impact of digital trends. He was the keynote speaker for the MBA Broadlink Conference and Reunion in September 2010.
Young Alumni Achievement
Sam Hogg (MBA ’08) is CEO and founder of the eco-gift card site GiftZip.com. GiftZip aggregates retailers to offer instant gift cards and a direct link to the point of sale on the retailer’s website. He conceived the business idea as a Supply Chain Management student, and launched the business using his own funds soon after graduation.
Eli Broad Professor of Management John Hollenbeck will soon receive the Herbert Heneman Jr. Award for Career Achievement
from the Human Resources Division of the Academy of Management. The recognition, awarded at the organization’s annual con-ference in August, is given to an individual who has distinguished themselves in the field of human resource management.
Hollenbeck has been with the Broad College since 1984. He received his PhD in Management from New York University
and has published more than 60 articles and book chapters on the topics of team dynamics and work motivation, as well as two best-selling textbooks in the areas of organizational behavior and human resource management.
GRIFFITH AMONG MOST PRODUCTIVE IB SCHOLARS, MSU TOPS LIST
David A. Griffith, the John W. Byington En-dowed Chair in Global Marketing, was listed as one of the leading individual contributors
to the international business field in a recent ranking of academic institutions and scholars in international business.
In addition, Michigan State University ranked first in this study, which was published in the International Business Review. Griffith was ranked 25th on the scholars list.
He says the ranking is a reflection of the passion and quality of MSU’s faculty. “The high number of contributions across a wide range of journals demonstrates not only passion and quality, but productivity exceeding other institutions. MSU faculty members see the world through a global lens.”
HOLLENBECK AWARDED AOM HR DIVISION CAREER ACHIEVEMENT AWARD
COLLEGE SELECTS TOP ALUMNI FOR ANNUAL AWARDS
Paulette Stenzel
PETRONI EARNS MSU DISTINGUISHED FACULTY AWARD
Deloitte/Michael Licata Professor of Accounting Kathy Petroni was recognized recently as a 2011 Michigan
State University Distinguished Faculty Award winner. Petroni, one of 10 finalists, was recognized for her involvement as a leading scholar in the field of financial accounting and reporting for insurance companies as well as her many contributions to academic financial accounting literature.
“MSU has given me every opportunity to be a successful scholar,” says Petroni. “I feel so fortunate that I am surrounded by supportive people in an outstanding department at a premier Big Ten university.”
Petroni was one of three academics recently invited to join the Financial Accounting Standards Advisory Council, which advises the Financial Accounting Standards Board. She has served twice as interim chairper-son of the Department of Accounting and Information Systems. She received her PhD from the University of Michigan.
