Tuesday, February 23, 2010

Professor Dan Dalton to speak on corporate board effectiveness

Kelley Management Professor Dan Dalton will participate in a virtual panel discussion entitled, "Board Effectiveness: Is Better Governance or Stronger Leadership Needed?" hosted by Shift Worldwide on Thursday, Feb. 25, 2010 at 3pm EST.

Dalton is the founding Director of the Institute for Corporate Governance, Dean Emeritus, and the Harold A. Poling Chair of Strategic Management in IU Kelley School of Business. With more than 300 published articles in corporate governance, business strategy, law, and ethics, he is recognized by Business Week as a “Governance Guru.”

Dalton will be joined by three other panelists for a 90-minute discussion followed by an open Q&A. For more information or to register, visit http://www.shiftworldwide.com/vpanels/boardeffectiveness.htm.

Former President and COO of One Laptop per Child Chuck Kane to Speak at Kelley on March 5

This is a guest post from Bryan Stuart, an IU senior from Indianapolis majoring in business economics/public policy and mathematics.

Chuck Kane, executive board advisor and former president and COO of One Laptop per Child (OLPC), will speak at Kelley on March 5, 2010 at 2:00 pm in BU 109. To date, OLPC has delivered over one million laptops to children in some of the world’s poorest communities. Kane is visiting universities around the nation, including MIT, Stanford University, University of California Berkeley, and Carnegie Mellon University to speak with students about his experience leading OLPC and how young adults can help OLPC achieve its mission of creating educational opportunities for the world’s poorest children.

A year ago, I started a program called One Laptop per Child Corps, along with a friend from IU and a colleague at OLPC. Through this program, 122 university students from around the world spent 10 weeks in 18 African nations last summer distributing 3,000 laptops to children who previously had little access to educational materials and technology.

This year, OLPC will offer internships in Peru, Rwanda, Nicaragua, and Paraguay that last 3, 6, 9, or 12 months. OLPC will also offer a yearlong program, called OLPCorps, in Afghanistan, Cameroun, Haiti, Mali, and the Palestinian Occupied Territories. While these two programs have unique missions, they both rely upon the passion and skills of young adults from around the world.

Come check out Chuck Kane’s speech on March 5th to learn more about how you can get involved. Students, faculty, administrators, and the public are all welcome.

Eight AM in February

February at Kelley feels like the longest month of the year despite being the shortest. The excitement of the new semester is behind us and spring break still a long time away. This makes eight o'clock classes in the spring especially challenging for students and faculty.

I always feel a special bond with students in my eight AM sections. We arrive before the hustle and bustle of Kelley is in full swing. No pizza in the hall, the coffee kiosk is closed, there are places to park right outside the door, and a chance to chat with friends in Building Services who seem to spend the night at the school. The oxygen level in classrooms during eight AM sections is always low, leading to continued yawning. Students at Kelley in general have very fine dental work, I have seen it.

Sometimes we use the dim settings on the light levels in the class room to allow a bit more time to adjust to the new day. I am an expert in caffeine sources for students and conduct research into emerging beverage trends as I wait for students to settle. Sometimes we debate the merits of Starbucks vs. Dunkin Donuts coffee with neither side conceding a point to the other.

I'm always impressed when my Kelley's actually pay attention during an eight AM section and I like to think I make a special effort to add color to the marketing material I present. I am thankful for bodies in the seats and consider attentive, bright, interested eyes to be a real luxury at eight AM sections.

These sections speak to the quality and desire of our students. They indicate that at an early age our students understand what it takes to be successful in today's business world. These are students who will beat their boss to work, make the coffee, and finish half their to do list before most of the office shows up.

Last Wednesday 4 to 5 inches of snow closed local schools and made the commute to Kelley a bit more challenging. I admit to wishing I would receive that Twitter notification I signed up for indicating that classes would be delayed for two hours. No luck! I arrived at Kelley and at my classroom found a line of 5 or 6 students who had arrived 15 minutes early for class. By 8AM most seats were full. I shook my head with respect as I dimmed the lights, took a deep breath of oxygen-deprived air, and tried to make a good impression on the future CEO's who lifted their bright eyes towards me.

If they can do it, I can do it! See you Monday at 8.

Monday, February 22, 2010

Lecturer Tatiana Kolovou recognized for contributions to women in sports

Kelley business communications lecturer Tatiana Kolovou will be recognzied on Saturday, February 27, 2010 for her support of women and girls in sports. The award will presented on National Girls and Women in Sports day, at an awards banket at the IU Foundation. Kolovou will also be recognized on Sunday, February 28 during the IU women's basketball game.

Here are some details about Kolovou and her contribution to women in sports. For more details, the news release is available online.
"Tatiana Kolovou, who received a Bachelor of Science from the School of HPER in 1989 and lectures at the Kelley School of Business, is the recipient of the 2010 Office for Women's Affairs Award for Excellence in Support of Women in Sports Award. Born and raised in Athens, Greece, Kolovou got involved in competitive swimming in her early teenage years after having back fusion surgery. Swimming raised her curiosity for the field of sports science and after reading legendary IU swim coach and School of HPER professor Doc Counsilman's book of The Science of Swimming, she knew that the United States was the place that would foster her interest in science. She eventually earned her degree in exercise science and was able to learn from Counsilman first hand through various coaching ventures.

"Locally, she has been teaching group fitness classes for the past 20 years for community members, IU faculty, staff and students. She inspires young IU students to find their best self through her role as a lecturer in business communication at the Kelley School of Business. Kolovou has been hired by large fitness manufacturing companies (Star Track, Nautilus and Schwinn) to design educational programs and deliver trainings all over the world -- she has spread the word of health and fitness to more than 15 countries. Through the years, her personal training efforts have expanded from swimming to triathlons. Last summer Kolovou qualified to compete in the World Triathlon Championships for Team USA. She will be traveling to Budapest, Hungary, in September for the competition."

Reflections on Kelley's Check Your Label event

(Pictured, from left to right, Check Your Label organizers, Emily Rizzo, Undergraduate Program Director Kathleen Robbins, Molly Barwick, myself, and Kyleigh Turk)

This is a guest post from Sara Woolbright, vice president of the Trockman Microfinance Initiative and a co-planner of the Check Your Label event.

In one of my past courses, my instructor began the semester by sharing this quote from Walter Chrysler: “The real secret of success is enthusiasm.” Never before have I seen this idea so embodied as during the Check Your Label symposium. Throughout the afternoon, it was unmistakable how each speaker had used her own passion to fuel her drive and determination that ultimately led to success. The success was most evidently manifested through the realization of each speaker’s personal goals and business growth. But the speakers had something else to show for their success. The speakers shared their stories of using their abilities to create business models that not only benefitted them, but also empowered others. They relayed their struggles honestly, not hiding their past mistakes or the less glamorous aspects of their work, but also freely shared stories of the results that have made their businesses and careers so rewarding and fulfilling.

I believe that for many students, this was an opportunity to see how simple ideas driven by enthusiasm and passion lead to small improvements capable of growing into larger results. For myself, the Check Your Label symposium was one of the most rewarding things I have been a part of since my time at Indiana University. Being able to work with faculty and students who are passionate about exposure to alternative career options is something that is very important for me. I am excited to be a student in a time where business can be as socially revolutionary as it is now. As a student, I want to thank the faculty for aiding myself and my peers in finding our passions and illuminating ways to incorporate them into all aspects of our lives and careers. Having faculty members who are dedicated to helping students in this aspect is one of the reasons I am happy I attend the Kelley School of Business.

Dallas Mavericks-Mathletics event photos

On Saturday, January 30, 2010, Kelley alums attended "A Night at the Mavericks," an annual event held in Dallas. Guests watch Mavericks basketball and visit with old and new Kelley friends.

Below are some pictures of this year's event, which also featured Kelley Professor Wayne Winston speaking about his new sports statistics book, Mathletics. Winston developed some of the concepts in Mathletics during nine years of doing stats analysis for his former student Mark Cuban, owner of the Mavs.  

Friday, February 12, 2010

Women: Put your mark on the next generation of business innovation

This is a guest post from Catherine Nichols, a junior at IU, and marketing intern for the Career Lab.

Consider this eye-opening fact: the language of business now drives success in every industry including the arts, public service, media and entertainment, publishing and even not-for-profit enterprises. Come explore how business knowledge can enhance your academic background, professional ambitions, and social or service interests, and help you segue into an exciting and opportunity-rich career.

On Thursday, February 25 in room 0034 of the Godfrey Center, the Forté Foundation is hosting a Career Lab for female undergraduate students. These events feature industry panels, networking sessions, and interactive workshops at which accomplished women from top companies and the Kelley School of Business MBA Program discuss the new world of business and help women envision their role in it. Regardless of major, all undergraduate women with an interest in business will benefit from their insights.

This year’s main speaker is Lindsey Pollak, a bestselling
author, speaker and consultant specializing in Generation Y career and workplace issues. She is the author of "Getting from College to Career: 90 Things to Do Before You Join the Real World" and writes a top-rated blog, the Lindsey Pollak Career Blog. She is also the Career Contributor to ABC News on Campus, where she provides tips and advice to college students and recent graduates. Her advice and opinions have appeared in such media outlets as The New York Times, Wall Street Journal, Washington Post, Boston Globe, CNN.com, National Public Radio and ABC News America This Morning. Pollak is a graduate of Yale University and received a Rotary Ambassadorial Scholarship to Melbourne, Australia, where she completed a master’s degree in women’s studies. She is based in New York City.

The Forté Foundation is a consortium of major corporations, top business schools, and influential non-profit organizations that has become a powerful change agent directing talented women towards leadership roles in business. Through a combination of programming, scholarships, and network development, Forté Foundation reaches a broad spectrum of women from college through business school.The Career Lab is an opportunity female undergraduate students should not miss! Interested in attending? Get more information and complete the required online registration by going to www.fortefoundation.org/careerlab.

Tuesday, February 2, 2010

Cutting the ribbon on new Bloomberg terminals

On Friday, January 29, 2010, Indiana University cut the ribbon for 14 new Bloomberg terminals, bringing the school's total to 16. Nine of the terminals will be in use at the Kelley School of Business, in locations including the trading room and the MBA lounge. Terminals will also be available for faculty to check out for use in classes. The remaining terminals will be installed in Indiana University's foundation, treasurer's office, and in the joint business-public policy library.

Kelley has had Bloomberg terminals for a number of years, thanks to alum Robert Poll (MBA ’72), who is now president of the Kelley School of Business Alumni Association Board of Directors. In 2000, Poll introduced the school to Bloomberg terminals and funded the initial purchase of the machines because he views basic competency in Bloomberg usage as essential for students trying to get into the finance industry.

Expanding the total number of terminals on campus to 16 gives IU more terminals than any other university in the world. Travis Selmier and Chip Snively, directors of Kelley's Investment Management Academy, helped arrange for the expansion.

"The breadth and depth of information available on Bloomberg is astounding," said Selmier. "A team of some 30 people implemented this campus-wide rollout, one more example of Kelley’s, and IU’s, teamwork and global technology leadership position."

Ongoing training on the terminals will be offered by Bloomberg. Students will be able to earn certification from Bloomberg according to their level of proficiency in operating the system.

Kelley Dean Dan Smith cut the ribbon at an informal celebration. Bloomberg representative Colin Connaughton demonstrated some of the terminal's capabilities. In addition to providing detailed data on the stock market and up-to-the minute news, Bloomberg also provides real-time locations of cargo ships, with data on the products they carry, the crew, and various conditions; tracks the status of FDA-approved drug patents; and offers detailed restaurant reviews.

Monday, February 1, 2010

Follow Kelley's GLOBASE team to Peru!

For the second year in a row, a group of Kelley MBA students will travel to Lima, Peru as part of Kelley's Global Business and Social Enterprise program, or "GLOBASE."

The program includes a seven-week elective class, led by students with guidance from international business Professor Roberto Garcia. GLOBASE participants will spend two weeks in Lima over spring break, consulting with local businesses to help them prepare to launch their products into the US market.

You can follow the students' experience as they blog about their classes and their work in Lima at http://iuglobaseperu.blogspot.com/. You can also learn about last year's inaugural GLOBASE trip and future plans to expand GLOBASE to other countries here.

The stats don't lie [SPOILER ALERT]

Kelley Professor and Mathletics author Wayne Winston may be a Colts fan, but he's also an expert in statistics and spreadsheet modeling. And his analysis of the Superbowl game favors the Saints over the Colts.

From his blog, http://waynewinston.com/, here are Wayne's projections:

So we start with a base prediction of 31-28 Saints based on overall team
abilities. How do other factors influence our view about whether the teams
will play better or worse than their “full season estimates?” Here is my gut

Freeney’s injury will really hurt. I know of no mathematical way
to quantify the effect of his injury, but my gut says this injury makes the
Saints offense 3 points better.

The Saints feast on turnovers. A turnover costs a team around 4 points. Counting the playoffs, the Saints have around a 1 turnover edge per game. I believe (and I guess the betting public does also) that Manning's great ability will neutralize the Saints usual turnover edge. Maybe this costs the Saints 4 points. (say 2 on offense and defense).

With these adjustments I predict Saints 32 Colts 30.

Wednesday lunch event: The Economics of Indigenous Rights in Peru

This Wednesday, February 3, Kelley's Center for International Business Education and Research (CIBER) is hosting the first in a series of lunch events focusing on foreign cultures.

The Economics of Indigenous Rights in Peru
Wednesday, February 3, 2010
Room 0034 of the Godfrey Graduate & Executive Education Center
12:00 pm - 1:30 pm
Lunch provided free of charge to IU students, faculty, and staff
Space is limited. Please RSVP to reserve a seat.

Kelley hosts first-ever women's case competition

From Thursday, January 21 through Saturday, January 23, 2010, six teams of women from top MBA programs across the country came to Kelley for the first ever women's case competition. The focus of the live case was business strategy for the Bloomington-based firm Textillery Weavers.

"This is an exciting one-of-a-kind competition," said Pamela Roberts, director of the Kelley School's full-time MBA program. "Women MBAs are typically an under-represented population, comprising around 30 percent of students in MBA programs nationwide. It's our commitment to provide women MBAs programming and events focused on their strengths and opportunities. This competition offers a powerful opportunity to compete with top female MBAs while networking with peers and corporations from around the country."

2010 serves as the inaugural year for the Kelley School of Business MBA Women's Case Invitational, which is the only case competition of its kind that exists today. The Kelley School's latest class of 227 full-time MBAs is 34 percent female, one of the highest percentages at any school in the country. The Case Invitational is just one example of the Kelley School's commitment to recruiting and maintaining a diverse and accomplished pool of business leaders, who are engaged locally and think globally, said Roberts.

Second-year consumer marketing student Molly Lyons, who helped organize the event, blogged about her experience: "The competition was open to first-year women from top MBA schools from across the country and was very close to my heart as I have spent a good deal of the past year organizing the weekend."

The top three teams each took home a cash prize and a trophy. Here are the results:
1st place: UCLA – Maggie Watson, Sa Suwanarat,
Zaina Ashar, Camille Zahniser

2nd place: UNC – Brita Turner, Kate Breen,
Elizabeth Kelly, Amanda Rabideau

3rd place: IU – Nicci Pannier, Rachel Vaughn,
Nicole Garland, Lindsey Hall

Best Q&A: Amanda Rabideau (UNC)
Best Presenter: Camille Zahniser (UCLA)
Honorable Mentions for Presentation/Q&A: Maggie Watson(UCLA), Nicci Pannier (IU), Kate Breen (UNC)

Kelley's team, left to right, Lindsey Hall, Nicole Garland, Nicci Pannier, Rachel Vaughn