prospectus - fall 2008
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Fall 2008 issue of Prospectus - College of Business Alumni magazineTRANSCRIPT
PROSPECTUSC O L L E G E O F B U S I N E S S ■ A L U M N I M A G A Z I N E F A L L 2 0 0 8
IN THIS ISSUE■ FROM WORLDCOM TO KATRINA
■ C IT IZENSHIP PROGRAM
■ COMMUNICATIONS CENTER
Fast and FuriousSTUDENTS STUDY CHINA’S ECONOMIC EXPLOSION
Dean . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Labh Hira
Editor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Dan Ryan
Design . . . . . . . . . . . . . . Mauck • Groves Branding and Design
Writers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Eric DieterleMary Jo Glanville
Charles HandyDeborah Martinez
Dan Ryan Dennis Smith Jessi Strawn
Photographers . . . . . . . . . . . . . . . . . . . . . . . . . . . . Kathy Morgan Beth Romer
Printing . . . . . . . . . . . . . . . . . . . . . . . . Phillips Brothers Printing
ContactCollege of BusinessRobert H. Cox Dean’s Suite2200 Gerdin Business BuildingAmes, Iowa 50011-1350515 [email protected]
Prospectus is prepared twice per year by the College of Business at Iowa State University. It is sent without charge to alumni, friends, parents, faculty, and staff of the College of Business. Third-class bulk rate postage paid to Ames, Iowa, and at additional mailing offices.
The views and opinions expressed in this publication do not necessarily represent official statements or policy of Iowa State University but are the personal views and opin-ions of the authors.
Prospectus welcomes correspondence from alumni and friends. Send your comments to Dan Ryan, editor, at the above e-mail or postal address. Prospectus reserves the right to edit all correspondence published for clarity and length.
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PROSPECTUSV O L U M E 2 4 N U M B E R 2 ■ F A L L 2 0 0 8
The College of Business at Iowa State University is accred-ited by AACSB International—The Association to Advance Collegiate Schools of Business. The AACSB is the premier accrediting and service agency and service organization for business schools.
Dean Labh Hira
Alumni News
Faculty and Staff News
Departments2
2122
Development
Dr. Charles Handy
2432
ON THE COVERCHINA’S ECONOMY IS GROWING
IN LEAPS AND BOUNDS, AND ISU
MBA STUDENTS GOT TO SEE IT
FIRST HAND.
Features 3Standing Strong
How an alum weathered
two major storms.
8 A Rising EconomyMBA students tour China.
14Making
ConnectionsNew program engages
young business students.
18Enriching
SkillsCenter teaches
communication,
business-style.
IOWA STATE UNIVERSITY ■ COLLEGE OF BUSINESS ■ PROSPECTUS 32 VOLUME 24 NUMBER 2 ■ FALL 2008 ■ WWW.BUSINESS.IASTATE.EDU
In the never-ending hustle of our everyday lives, where we
sprint from one engagement
to the next and can sometimes barely spare a moment to eat, pausing for a moment
to reflect on our progress is a luxury most of us
can’t afford.
This column, however, forces me on occasion to
do exactly that. And I am glad for that.
As I often say, I am thankful to have a front row
seat to watch the incredible growth and change that
takes place here.
I work with energetic, dedicated faculty and
staff members who give everything they have to
make our college better. I visit with passionate
alumni who remember their experience here
fondly and want to help improve the experience
for tomorrow’s business students. And every day,
I see those students develop into smart, young
businesspeople that give me confidence about
the future of our economy.
So I know exactly how fortunate I am, yet I am
reminded of it anew, time and time again.
It occurred to me when I watched our alumnus
Scott Hamilton’s gripping presentation about his
career with WorldCom and the State of Mississippi
during Hurricane Katrina. He left Iowa State and
established a very successful professional career.
And in the face of two unimaginable disasters—
caused by the poor ethical choices of others and
Mother Nature herself—he worked tirelessly for
those in harm’s way.
It struck me again the very next day, as I
watched David and Ellen Raisbeck, both Iowa State
alumni, talk about how Iowa State shaped their
lives, and how they hoped to instill a global mind-
set into future Iowa State business students through
their $3 million gift. It takes a profound sense of
loyalty to give back in such a way, and makes me
proud of their belief in what our faculty and staff
have accomplished here.
And I could not help but think of it again
as two of our finest faculty took a group of MBA
students on a two-week tour of the booming
economy of China. They visited with major
companies, sampled the culture, kept journals,
took thousands of photos, and for most of them,
reached out for the first time and touched the
new global reality that most of us only read about.
Indeed, as we approach our twenty-fifth year
as a college in 2009, we are now doing things
we might have dared only dream about in our
earlier days.
And there is more to come. Next year, our
PhD program will officially launch. Campaign
Iowa State has been an incredible success to this
point, but we must finish strong in order to better
our programs and provide our faculty and staff
with more resources.
Though we have many accomplishments
to celebrate, we have much work in front of
us. I am fortunate to be a part of it, and look
forward to the challenge. ■
Achievements and OpportunitiesME
SS
AG
E F
RO
M T
HE
DE
AN
I know exactly how fortunate I am, yet I am reminded of it anew, time and time again.
Labh S. Hira, Dean
is at a place now
from which he can reflect on that question, and he
has his own career as a point of reference.
Not once, but twice he has been caught up in far-
reaching dramas that he could never have expected.
Outright disasters that challenged his values, tested
his resolve, and presented him with ample opportu-
nities to survive or to fail. The man-made financial
disaster of WorldCom and the natural disaster of
alum communicates the human side of two disasters
For most of us, there is quite a gap between real life and
the movies. But in both cases, we are always intrigued by
one question: How does a person react when faced with a
challenge? Not the little stuff. Instead, big, sweeping events
that knock people off any but the firmest of foundations.
Swept Away
but still standing
Scott Hamilton (’82 Management)
IOWA STATE UNIVERSITY ■ COLLEGE OF BUSINESS ■ PROSPECTUS 32 VOLUME 24 NUMBER 2 ■ FALL 2008 ■ WWW.BUSINESS.IASTATE.EDU
IOWA STATE UNIVERSITY ■ COLLEGE OF BUSINESS ■ PROSPECTUS 54 VOLUME 24 NUMBER 2 ■ FALL 2008 ■ WWW.BUSINESS.IASTATE.EDU
Hurricane Katrina affected thousands of lives, and
Hamilton, as a professional communicator, found
himself smack in the middle of both. Yet through it
all and to this day, he has kept his message focused
on humanity.
Admirable for someone who rose up as a
company man in a corporate world.
It’s a world that Hamilton now deals with from
the outside in: The public affairs company in which
he is the owner has the “standard fare” of corporate
clients. But as with any dynamic character in a
compelling story, there have been changes in
Hamilton’s outlook.
“I’m just a lot more
interested in projects
that tend to have a
more immediate
impact on people’s
lives,” he said.
His attitude makes
sense, considering
his experience.
“It’s hard to go
through both of those
situations and not be
changed, and not see the world a little bit differently,”
Hamilton says. “You realize there’s more to life than
having the highest P/E-ratio.”
Hamilton brought that message to students, faculty,
and staff at Iowa State during his presentation “From
Bad to Worse: WorldCom to Hurricane Katrina,”
made at the College of Business in April. The event
was sponsored by the Caterpillar Foundation, the
Bacon Center for Ethics, Ralph and Jean Eucher,
and the Committee on Lectures (funded by the
Government of the Student Body).
The accidental communicator
As a management student at Iowa State’s College
of Business, Hamilton “envisioned becoming sort
of a business person. If you had said when I was
at Iowa State that I was going to be writing for a
career, I would have been surprised.”
After graduating from Iowa State in 1982, Hamilton
started his career in sales and marketing positions.
Even after business writing “started to click” during
his pursuit of an MBA at The George Washington
University School of Business, he continued on the
sales and marketing track after he finished his degree.
Eventually, Hamilton “sort of fell into a writing and
research role at MCI, in Washington, DC (which
was acquired by WorldCom), almost by accident,”
as he describes it. But what he regarded as a temporary
position, quickly became a career.
Clearly, he had found his niche. In February
2000, he was promoted to vice president of investor
relations for WorldCom. It was an important position
in a company that appeared to be a stunning success
story. Hamilton, a self-proclaimed “adrenaline junkie,”
thrived on the pace and welcomed the challenges.
But even as he performed his job with energy and
integrity, the company was about to collapse into a
scandal for the ages.
As the story unfolded, Hamilton found that he
had been misled by those whom he worked with
and trusted. Some of the information he had passed
along as a professional communicator turned out
The man-made financial disaster of WorldCom and the natural disaster of Hurricane Katrina affected thousands of lives, and Hamilton found himself smack in the middle of both.
“It’s hard to go through both of those situations and not be changed, and not see the world a little bit differently.”— Scott Hamilton
Hurricane Katrina was the costliest Atlantic hurricane in history.
He didn’t expect that he would ever find himself in the midst of storm-related crisis communications. And yet that’s exactly what happened.
to be misinformation spun off from untenable
accounting. The wordsmith found himself caught
in a numbers game that swirled out of control.
WorldCom’s bankruptcy, filed in July 2002, was the
largest in United States history—far beyond even that
of Enron, which had filed late in 2001. And as with
Enron, the lives of everyday people were shattered
as the paper value of investments and retirement
portfolios vaporized.
From stock prices to storm surge
Hamilton’s career survived the tumult. Although
he was not complicit in any way for WorldCom’s
wrongdoings, most doors in investor relations were
closed to him. He moved on to an entirely new kind
of role as director of communications for the
Mississippi
Development
Authority, the state’s
lead economic devel-
oper. As such, he
didn’t expect that he
would ever find him-
self in the midst of
storm-related crisis
communications.
And yet that’s exactly what happened.
When Hurricane Katrina struck in late August
2005, Hamilton and other state communicators were
swept into action as public information officers. This
time, the human tragedy was starkly apparent. Lives
were ruined and lives were lost amidst wide-scale
destruction. Hamilton saw suffering all around him
while working in difficult conditions on Mississippi’s
Gulf Coast—conditions that brought out the best in
most people and the worst in a few. His ability to
focus on the work, and the message, sprang from
the very values that had sustained him through the
WorldCom experience.
A time to reflect
Hamilton views his experiences as opportunities
for growth, for him personally and professionally,
and for those in the business world today. He offers
his reflections in that spirit. Rather than seeking
blame, he points to lessons learned.
Or, at least, lessons that should have been learned.
In today’s business climate, for example, “I feel
like many investment advisers tend to be afraid to
go away from the crowd because their bonuses are
based on how well they do relative to everyone
else,” Hamilton says. “Our market has suffered
because there has been no natural correction or
cynicism. This leads to fad chasing. First the dot-
coms, then real estate and now commodities. What
people are missing in the investment world today
is that they just need to get back to basics.”
Hamilton found that he had been misled by those whom he worked with and trusted.
In 2005, Scott Hamilton found himself in the middle of one of the greatest natural disasters in the country’s history.
Over $80 billion in property and infrastructure was destroyed by Hurricane Katrina.
IOWA STATE UNIVERSITY ■ COLLEGE OF BUSINESS ■ PROSPECTUS 54 VOLUME 24 NUMBER 2 ■ FALL 2008 ■ WWW.BUSINESS.IASTATE.EDU
“Blame may be important for justice, but it does not solve a lot of problems. I thought he stayed positive in the midst of two amazing disasters.”— Brad Shrader
IOWA STATE UNIVERSITY ■ COLLEGE OF BUSINESS ■ PROSPECTUS 76 VOLUME 24 NUMBER 2 ■ FALL 2008 ■ WWW.BUSINESS.IASTATE.EDU
Those basics, according to Hamilton, include
accurate financial statements, but also permeate
communications and professional conduct. “Follow
through on what you say you’re going to do,” he
says, “and be honest. When you talk about basic
principles, I think about the principles of dealing
with other human beings. Basic business etiquette
is still important.”
Common sense
advice, it would seem,
although one of the tests
of a crisis is to commu-
nicate well, and in some
cases to communicate at
all. Losing sight of the
bigger human picture
happens all too often.
“It’s amazing how
difficult the little things
become when you’re
faced with a crisis,”
Hamilton says. “Usually the reason for a crisis is
not that just one thing broke but two or three things,
which means part of the way you usually do things
isn’t going to be the same.”
What doesn’t change in a crisis? “The bottom
line is that people are people,” Hamilton says.
“Don’t forget that you’re talking to people and
that your company is made up of people. These are
human problems and emotions, so keep humanity
in the messages.”
That’s precisely the tone that Hamilton brought
to Iowa State in April, according to University
Professor Brad Shrader, the Ralph and Jean Eucher
Fellow in Business Ethics at Iowa State.
“At WorldCom, for example, Scott was caught up
in an organizational wave,” Shrader said. “Sometimes
one person can be carried along by a situation. What
really touched people was his reflection on our vul-
nerability in that kind of situation. He’s asked himself,
‘What did I do? What did it mean? What were the red
flags?’ It was very human, very touching.”
Hamilton was also able to tell his story without
recrimination. As an expert communicator, he relayed
the facts and acknowledged the emotions. His isn’t a
bitter tale, but it is a meaningful one.
“He talked about what we can learn rather than
focusing on assigning blame,” Shrader says. “Blame
may be important for justice, but it does not solve a
lot of problems. I thought
he stayed positive in the
midst of two amazing
disasters. His simple mes-
sage was that we should
try to do the right thing.
Be accountable, don’t
misrepresent, and when
things go wrong, try to
make them right. There
are a number of these
positive stories and Scott
hit the chord just right.”
“When you talk about basic principles, I think about the principles of dealing with other human beings. Basic business etiquette is still important.”— Scott Hamilton
Brad Shrader
Katrina left over 1,800 people dead plus hundreds more missing, including over 300 dead or missing in Mississippi.
Still, the negative stories tend to generate the most
attention, and plenty of them continue to arise, such
as the recent “credit crisis.” Many, it seems, call into
question the value of ethics in business, if not society.
“Right now business ethics is a little more on
our radar screen,” Shrader says. “In the past, a lot
of business schools have not required ethics courses
or leadership and values courses. Sometimes students
would leave school without a perspective of how
business truly adds value to people’s lives.”
Iowa State has responded with a series of required
courses in ethics and leadership as part of undergrad-
uate and MBA programs. The new Gerdin Citizenship
Program, profiled on page 14, has an ethics compo-
nent as well. Courses are also being developed to
teach leadership in corporate governance.
Hamilton, for his
part, continues to see
the positive when it
comes to the basic
principles that have
buttressed his career.
“The young people
I’ve worked with
the past few years, I
think they absolutely
have a good grasp
of fundamentals,”
he says. “And when
I was at Iowa State
in April, I saw
young men and women with firm handshakes
who looked me straight in the eye. I was
suitably impressed.”
Does Hamilton have any advice for the up-and-
coming business students of today? Yes, of course,
and none of it is surprising, considering his own
career. Some of his thoughts:
• “Everything in business is about people. Never
forget that. Treating people well is infectious.”
• “Never stop learning.”
• “Irrespective of your college degree, do the
things you like or love. In the end, that’s going
to be a lot more important than just following
your degree.”
Finally, as one who has endured two major
disasters, Hamilton offers one of the most basic
suggestions of all: Don’t forget to laugh.
“Keep your sense of humor about you,” he says.
“There are going to be a lot of trials and tribulations
in your life, and if you take them all too seriously, it’s
going to be overwhelming. If you don’t laugh, you’ll
cry, and if you do laugh, you’ll cry anyway, so you
might as well go ahead and laugh.” ■
Hamilton recounted his experiences with WorldCom and Hurricane Katrina in an emotional lecture at Iowa State in April.
“Blame may be important for justice, but it does not solve a lot of problems. I thought he stayed positive in the midst of two amazing disasters.”— Brad Shrader
“If you don’t laugh, you’ll cry, and if you do laugh, you’ll cry anyway, so you might as well go ahead and laugh.”— Scott Hamilton
IOWA STATE UNIVERSITY ■ COLLEGE OF BUSINESS ■ PROSPECTUS 76 VOLUME 24 NUMBER 2 ■ FALL 2008 ■ WWW.BUSINESS.IASTATE.EDU
IOWA STATE UNIVERSITY ■ COLLEGE OF BUSINESS ■ PROSPECTUS 98 VOLUME 24 NUMBER 2 ■ FALL 2008 ■ WWW.BUSINESS.IASTATE.EDU
Chrystal Martin has big
plans: finish her MBA, get
established in LA, set up
her own production company
specializing in the integration
of commercial brand-name
products into humanitarian-
focused “reality” television
programming—and then jump
the ocean 7,200 miles to Hong
Kong to break into China’s
burgeoning media marketplace.
Don’t for a minute doubt her
determination: she began inten-
sive Mandarin classes this fall.
Associate Professor of Marketing
John Wong can only smile and
shake his head in wonder at
the prospect, not so much at
Martin’s ambition—her savvy
and self-confidence are forces of
nature that would seem to assure
success wherever she chose to
direct them—but rather at the
breathtaking transformation
of the nation the young woman
seeks to take by storm.
In fact, Martin’s designs on the
Chinese market are in their way
no less breathtaking than China’s
economic development itself, the
inspiration for a tour by 17 Iowa
State MBA students last spring of
the Chinese mainland under the
direction of Wong and Associate
Dean Kay Palan.
During Martin’s relatively
short lifetime, market reforms
instituted under the late Deng
Xiaoping have moved China from
the backwaters of a Soviet-style
centrally planned economy to a
capitalist colossus that bids to
dominate 21st-century markets
on a global scale. And, according
to United Nations reports, with
an annual average growth in GDP
of nearly 10 percent from 1980 to
2005, the pace of China’s growth
is only accelerating.
Over the course of two short
weeks, the Iowa State delegation
According to United Nations reports, China averaged an annual GDP growth of nearly 10 percent from 1980 to 2005.
visited Beijing,
Shanghai, and
Hong Kong,
as well as key
industrial centers
in the outlying
areas of these
major cities.
There they
met with their
Chinese aca-
demic counterparts, business
leaders, trade officials and,
whether or not they choose, like
Martin, to compete in Chinese
markets directly, with the faces
and forces of international
business in the 21st century.
Visionary education “International business and
marketing can be brought to life
through an experience like this,”
Wong says. “The idea is to expose
students to how things are actu-
ally being done.”
Wong’s exposure to “how
things are done” in China goes
back at least to the beginning of
his academic career at Iowa State
EconomicEvolution
an
MBA students study China’s incredible growth up close
Chrystal Martin
Technology in Tianjin, a city
of 10 million about 100 miles
southwest of Beijing.
In the 1980s, Wong notes,
Chinese universities didn’t offer
business programs as such, but
instead degrees in “industrial
management” that combined
industrial engineering with
basic management principles.
So for two years, Yunfeng Wang
studied both western markets
and American business educa-
tion under Wong’s mentorship.
“She was really picking
up models for developing an
American-style business program,”
Wong says, adding that his pro-
tégé had been encouraged to
come to Iowa State by Hebei’s
leadership to help prepare the
school for the explosive growth
of the Chinese economy begin-
ning in the 1990s. “It was
visionary,” he adds, “for the
president of a university to say
that we’re in a transition and
are looking toward the future.”
The investment paid off: Wang
would rise to become dean of the
management program at Hebei,
and over the past eight years in
that position has created both a
PhD program and an MBA pro-
gram that, Wong says, is more
than twice the size of Iowa State’s.
in 1980, the year Martin was
born. Struggling to recover from
the disastrous policies of the
decade-long Cultural Revolution
of the 1960s and 70s when the
nation’s economy and educational
system were systematically vandal-
ized for political and ideological
purposes, the nation’s institutions
gradually opened themselves up
to western markets and their
underlying principles.
Although of Chinese extrac-
tion, Wong was born in Malaysia,
where his family had emigrated
several generations previously,
and where he was educated in
English, learning Chinese as an
adult. Ask him how his Mandarin
skills are today and he’ll only
smile and say, “passable.” (And,
he might add, Martin has her
work cut out for her.)
His multinational roots not
only drew Wong back to his
ancestral homeland; together with
his focus on international business
they drew him as well toward the
mutual education of Chinese and
American scholars in each other’s
markets and cultures. By the mid-
1980s, he was already working
with two Chinese universities
seeking to develop their programs
in business. And in 1987, he
brought to Iowa State Yunfeng
Wang, a junior faculty member
from the Hebei University of
‘Only global business’ That the explosive growth in
China’s business and industrial
base should be matched by its
system of higher education
should hardly come as a surprise,
as the nation seeks to prepare a
generation of managers to take
China from its current status as
a global manufacturing outsource
center to a leader in international
business. It’s a tidal wave, Wong
drove home to his students, that
they and their colleagues had
best prepare for.
“I told them that there’s no
such thing as domestic business,”
Wong recalls. “In fact, there’s
really no such thing as interna-
tional business.
Today, there is only
global business. The
whole landscape has
changed because of
the rise of the MBA
in China—and
they’re taking the
fight to us.”
But while the
competition may
be intense, Wong
is convinced it will
be friendly. After
their initial stop
in Beijing, the
Americans jour-
neyed to Tianjin,
where they were
International business and marketing can be brought to life through an experience like this. The idea is to expose students to how things are actually being done.
— John Wong
‘‘’’
Kay Palan, associate dean for undergraduate programs, shops for gifts along the waterfront of the Huangpu River in Shanghai.
IOWA STATE UNIVERSITY ■ COLLEGE OF BUSINESS ■ PROSPECTUS 98 VOLUME 24 NUMBER 2 ■ FALL 2008 ■ WWW.BUSINESS.IASTATE.EDU
Economic
Chrystal Martin
IOWA STATE UNIVERSITY ■ COLLEGE OF BUSINESS ■ PROSPECTUS 1110 VOLUME 24 NUMBER 2 ■ FALL 2008 ■ WWW.BUSINESS.IASTATE.EDU
DAYS 1-4 DAYS 5-6 DAYS 7-10
Depart Des Moines, Iowa, for Beijing, China
Arrive in Beijing
Tientan (Temple of Heaven); Pearl Factory; Tiananmen Square; Forbidden City; Peking Opera
Great Wall at Badaling; Ming Tombs; Jade Factory; bus to Tianjin; supper at famous dumpling restaurant
Tour Economic Development Zone; Port Authority; Caterpillar’s AsiaTrak facility; dinner and welcome banquet with Hebei University MBA students
Pair off with Hebei University of Technology MBA students all day; visit Asia Culture Street; Wal-Mart; dinner with stu-dents, faculty and administrators
Flight to Shanghai; Yu Yuan Garden; old city center and shopping district; silk factory
The Bund (old British port district) and Huangpu River walk; Nanjing Xi Road— famous shopping street
Halfway point meet-ing and recap ses-sion; free time to explore
American Chamber of Commerce in Shanghai (AmCham); Maglev Train (world’s fastest train); flight to Shenzhen
SUN 4.20.2008
SAT 4.19.2008 MON 4.21.2008 TUES 4.22.2008 WED 4.23.2008 THU 4.24.2008 FRI 4.25.2008
SAT 4.26.2008
SUN 4.27.2008
MON 4.28.2008
Beijing
Tianjin
Des Moines
Shanghai
Hong Kong
Trip to
China
1. BeijingBeijing is China’s political, educational, and cultural center, with a rich history.DAY-TO-DAY ITINERARY
Itinerary for an inspirational tour of China’s Mainland
Shenzhen
1.
2.
3.
4.
Our
welcomed to Hebei by Dean
Wang and a contingent of her own
MBA students who were fluent in
English. The students paired off for
a day of shopping, coupled with
discussion of Chinese retail markets
and the habits and preferences of
the world’s largest consumer base.
Certainly, Wong’s students
were amazed at the sheer scale
of development in China’s cities
and factories: the hundreds of
construction cranes dotting
Beijing’s cityscape; the soaring
towers of Shanghai’s Pudong
district, farmland until 1990 and
now the nation’s financial center;
production floors the length of
several football fields in the facto-
ries ringing Hong Kong. But an
even deeper impression was
made upon the Americans by
the wellspring of that astounding
infrastructure: namely, the confi-
dence and determination of their
Chinese counterparts.
That determination is driven
by a revolution in the thinking
of young Chinese. Fresh from
the comparative poverty of the
Chinese countryside, their parents
may have been grateful for the
opportunities afforded by western
manufacturers seeking cheap labor
overseas. However, says first-year
MBA student Jared Ramthun, the
massive investment of western
firms in China’s development has
DAYS 11-14
Company visit to Midea, China’s larg-est retail chain of consumer elec-tronic goods, in Shenzhen
Landor Associates (worldwide-leading brand and creative consultants); free time in afternoon; dinner at Sheraton Hotel with ISU Alumni in Hong Kong and surrounding area
TUE 4.29.2008Departure for Hong Kong; pass through customs; Hong Kong Island tour (Stanley Market, high point lookout, Aberdeen Port boat ride); free time in evening
U.S. Consulate (U.S. Commercial Bureau); free time
THU 5.01.2008WED 4.30.2008
Tianjin is China’s third largest city and a major industrial center in the lower northeast.
Shanghai is the heart of China’s commercial and financial sectors. It sits at the mouth of the Yangtze River and anchors a vast interior region of medium and light industries.
FRI 5.02.2008
2. Tianjin
The Pearl River Delta, at the southern tip of China, is the light industry capital of China. The majority of manufactured consumer goods exported to Europe and the United States comes from this region. Shenzhen and Hong Kong are twin cities.
4. Shenzhen & Hong Kong
3. Shanghai
There’s really no such thing as interna-tional business. Today, there is only global business.”
— John Wong
‘‘’’
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ChinaItinerary for an inspirational tour of China’s Mainland
IOWA STATE UNIVERSITY ■ COLLEGE OF BUSINESS ■ PROSPECTUS 1312 VOLUME 24 NUMBER 2 ■ FALL 2008 ■ WWW.BUSINESS.IASTATE.EDU
only whetted the appetite of their
children for greater control over
their economic destinies.
“The Chinese MBA students
told us that they’re not necessarily
looking to work for Western firms
after graduation,” Ramthun notes.
“Western firms seem to put a cap
on how far they’ll let a Chinese
national rise in the firm. But if
they work for a Chinese firm,
there’s no ceiling to advancement.”
Dubbed “Yuan Yuan”—
“Enduring Strength”—by her
Chinese hosts, Chrystal Martin
seconds Ramthun’s observation.
Neither, she adds, are the new
cadres of Chinese MBAs particu-
larly interested in making their
careers in the West.
“The Chinese students I spoke
with are very enthusiastic about
staying in China to help build
their economy,” Martin says,
its history—not least the revolu-
tion that brought Mao Zedong’s
communist government into
power in 1949—China’s bedrock
culture is conservative and
authoritarian, values that for
millennia have informed the
relationships of the Chinese
with each other, as well as their
view of foreign influences.
The infusion of capital and
Western business culture, however,
promises to turn that traditional
culture on its head in ways the
communists never dreamed, a
short sprint to prosperity that
leaves the accomplishments
of Mao’s “Long March” in the
dust—if not in the “dustbin
of history” altogether.
“When the British began the
Industrial Revolution,” Wong
reflects, “it took about 100 years
to become industrialized. The
Americans did it in 50 years
after the Civil War. But the
Chinese are doing it in 25
years—one generation. This
is absolutely mind-boggling.
“And,” Wong adds, “I think
the Chinese are even more sur-
prised than we are.”
noting that a contingent of
managers from the giant Midea
appliance corporation is currently
in residence at Iowa State. “They
didn’t express a strong interest in
coming over here and staying.
They want to learn what they can,
and take that information back
and build up their society.”
Two questions Yet for Wong and his students,
two questions followed them
throughout their travels: First,
has China gone too far too fast in
the short amount of time, histori-
cally speaking, since the Cultural
Revolution? And, secondly, can
that nation sustain the breakneck
development that has taken China
from an economic backwater to
the brink of world economic
leadership in the lifetimes of the
students who shared their lives
and career ambitions on the
streets of Tianjin last spring?
China, Wong reminds, is
an ancient civilization, with
a history extending thousands
of years into the past. And
while the nation has seen
much political upheaval over
It was eye-opening—personally, academi-cally, and professionally. And it’s something that’s going to inform the way we do business for a long time to come.— Chrystal Martin
‘‘’’
The MBA China tour group poses with executives of Midea, China’s largest consumer electronics retail chain.
That shock was driven home
when, during a 1987 visit, Wong
noticed that the top-rated program
on Chinese television was the
All-China Breakdancing
Championships. The bemused
American asked his hosts to
explain the popularity of a radi-
cally western urban art form in a
nation only ten years out from the
suffocating aesthetic values of the
Cultural Revolution. “They shook
their heads,” Wong recalls, “and
they said, ‘we’re moving too fast.’”
Those concerns were prophetic
when, just two years later, break-
dancing evolved into a breakaway
pro-democracy movement, and
the government cracked down
violently on student protesters in
Beijing’s Tiananmen Square.
Yet for all its tragedy, Wong
believes, that watershed event
may have been decisive in setting
China on its present course. After
all, he argues, the protesters were
not promoting democracy so
much as the capitalism and free
markets that are democracy’s nec-
essary preconditions. And while
the banners and broadsides
directly challenging communism
were crushed beneath the tanks
of the People’s Liberation Army,
the government had already
unleashed the capitalist jugger-
naut that would transform the
nation, seemingly overnight.
“In 1991 when I came back,
two years after Tiananmen
Square,” Wong remembers, “I said
‘the genie’s out of the bottle and I
don’t think you can put it back.
People are tasting freedom.’”
A life-changing experience’ Though receptive to occasional
business travel overseas, Jared
Ramthun will not make his
career abroad, let alone in China.
However, his experience those two
weeks in spring will stay with him
throughout his working life.
“If you’re going to be in busi-
ness in the future,” he acknowl-
edges, “you pretty well have to
know about China and the
opportunities there.”
For Chrystal Martin, however,
the consequences of political lib-
eralization driven by the con-
tinuing development of the
world’s largest marketplace will
be more immediate, should she
pursue her goal of building a
transnational enterprise. The
floodgates are wide open for the
influx of western consumer cul-
ture into China, and for a young,
cosmopolitan westerner such as
Martin, the nascent media mar-
kets of 1.4 billion people repre-
sent unprecedented opportunity.
“You know the culture is
shifting rapidly,” Martin says.
“Everybody and
everything is
moving very
quickly. But it’s
exciting, that
pioneer spirit,
that sense of
exploration.
“And,” she
adds, “I think
that might have
been part of their
fascination with
us—just knowing
where we come
from, that we already
have this freedom they’re
moving towards.”
Today, nearly twenty years
out from Tiananmen, John
Wong agrees: the fascination
cuts both ways.
“Certainly, the Chinese are
absolutely stunned at what has
transpired,” he says. “But virtually
every student on the tour felt as
if this were a life-changing experi-
ence as well. They’ve read about it,
heard about it—and now they’ve
seen it for what it is.”
“It was eye-opening,” Martin
agrees, “personally, academically,
and professionally. And it’s some-
thing that’s going to inform the
way we do business for a long
time to come.” ■
Virtually every student on the tour felt as if this were a life-changing experience as well. They’ve read about it, heard about it—and now they’ve seen it for what it is.— John Wong
‘‘’’
Jared Ramthun enjoys a boat ride in Hong Kong.
IOWA STATE UNIVERSITY ■ COLLEGE OF BUSINESS ■ PROSPECTUS 1312 VOLUME 24 NUMBER 2 ■ FALL 2008 ■ WWW.BUSINESS.IASTATE.EDU
‘
IOWA STATE UNIVERSITY ■ COLLEGE OF BUSINESS ■ PROSPECTUS 1514 VOLUME 24 NUMBER 2 ■ FALL 2008 ■ WWW.BUSINESS.IASTATE.EDU
futuresWhen Brian Gualillo arrived at
Iowa State in fall 2007, he was
excited about starting college.
But like most freshmen, he was
also a bit apprehensive.
“I was thinking,” Gualillo
recalls, “I am in this new place,
and I don’t have any of my old
friends here. What am I
going to do to meet
people? How am I
going to spend
my time outside
of class?”
Gualillo, who
is from Marengo,
Illinois, needn’t
have worried.
Hundreds of clubs
and activities vie for
students’ interest those
first days on campus, and last fall
Gualillo and the 700 other pre-
business students beginning their
university careers had a brand new
option to consider: the Gerdin
Citizenship Program (GCP).
An opportunity for engagement Kay Palan, associate dean for
undergraduate programs and
associate professor of marketing,
came up with the idea for the
connectingTO THEIR
GCP the previous spring. “Most
of our students don’t enter the
professional program until the
end of their sophomore or
beginning of their junior year,”
she explains. “They take very few
business courses and hardly
step inside the Gerdin Business
Building their first
two years.”
Palan saw
this as a missed
opportunity for
engaging stu-
dents in College
of Business
activities and
events. She wanted
to develop a pro-
gram that would be a
mechanism for incoming
students to meet and interact
with each other, and with fac-
ulty, employers, and upperclass-
men. In addition, she wanted to
provide a framework for activi-
ties that would foster personal
and professional growth. With
this basic concept in mind, Palan
turned to leaders of the college
student clubs to brainstorm
ideas on what skills and compe-
tencies should be incorporated
into this new program.
New program engages pre-business students with college, community
Gerdin Citizenship Program participants created poster presentations on global business topics and presented them in the Droste Den of the Gerdin Business Building.
Brian Gualillo
“The brainstorming task led us
to seven components to include in
the program,” Palan says. “They
are professionalism, leadership,
civic responsibility, global aware-
ness, diversity, ethics, and public
discourse. The ideas emanated
from the students, but they very
much echoed what I thought
should be included.”
Further discussions focused
on what the requirements for
each component should be.
“We wanted it to be experiential
as much as possible,” Palan points
out. “We felt that doing something
such as volunteering on a commu-
nity service project has more
impact than attending lectures,
so we incorporated hands-on
participatory sorts of activities.”
The global awareness module,
for example, requires participants
to research a topic related to
global business and then prepare
a poster presentation about the
topic. Faculty and employer repre-
sentatives judge the posters and
discuss them with the students.
For the leadership component, the
students must join and become
active members in a College of
Business student organization.
They must also observe leaders
of student-run organizations and
record reflections about the lead-
ership style in the GCP booklet.
Other activities include giving
four impromptu speeches, which
are also judged by employers and
faculty, and participating in profes-
sional development activities, such
as a seminar in writing resumes.”
‘The kinds of skills we look for’ Prior to launching the pro-
gram in the fall, Palan shared
the concept with employers who
were meeting with college faculty
on campus. “I have never seen
the employers get so visibly
excited about something,” she
says. “They told me, ‘These are
exactly the kinds of skills we
look for when hiring.’”
The employers’ enthusiasm
gave Palan some convincing points
for marketing the program. “I
could tell the students, ‘Employers
know about this program, and
they want the kind of students
who have completed it. By getting
involved, you demonstrate that
you have a commitment to
developing these skills.’”
More than
125 students
participated in the
GCP in its inau-
gural year. Palan
was especially
pleased by the
word-of-mouth
advertising that
brought students
to her door
throughout the
year to sign up. Seventeen
students completed the program
in the first year and received
certificates recognizing them
as Gerdin Citizens at a banquet
held in April.
They take very few business courses and hardly step inside the Gerdin Business Building their first two years.” >> Kay Palan, Associate Dean
“
Zeb Bidwell, an operations and supply chain management major, gives an impromptu speech as part of his participation in the program.
Kay Palan
I decided to give it a try, and I really liked it. It’s helped me get to know the business faculty and the dean on a personal level.” >> Katie Vande Berg
“
IOWA STATE UNIVERSITY ■ COLLEGE OF BUSINESS ■ PROSPECTUS 1514 VOLUME 24 NUMBER 2 ■ FALL 2008 ■ WWW.BUSINESS.IASTATE.EDU
futures
IOWA STATE UNIVERSITY ■ COLLEGE OF BUSINESS ■ PROSPECTUS 1716 VOLUME 24 NUMBER 2 ■ FALL 2008 ■ WWW.BUSINESS.IASTATE.EDU
While the program is
designed to take two semesters
to complete, Palan emphasizes
that there is not a “drop-dead”
date for finishing. “I would
rather have students do part of
it than none of it,” she says. “If
it takes two years to complete,
that is fine with me.”
Katie Vande Berg, a sopho-
more from Harlan, Iowa, is one
of those students who almost
didn’t signup because of the
time commitment.
“As a freshman, I wanted
to get my feet wet slowly,” she
explains. “But then I decided to
give it a try, and I really liked it.
I learned a lot about the college,
and it’s helped me get to know
the business faculty and the dean
on a personal level, rather than
just as professor and student.”
Meanwhile, Gualillo, who
was worried about how he might
meet new people, completed the
program while also working for
Iowa State’s Information
Technology Services, doing
a marketing internship with
Apple, Inc., and serving as one
of the six Cy mascots who per-
form at athletic and other special
events. For him, the program’s
greatest benefit is the relation-
ship building that occurs.
“Furthering my knowledge in
areas like ethics and diversity are
right up there, but I think the
relationships you make with
other students, employers, and
faculty are the most important,”
Gualillo says. “The other things
you can learn along the way and
the GCP give you a good basis
and help you expand on what
you learned growing up, but it is
the relationships you have that
are going to shape who you
become in the future.”
Beyond volunteering Patrick Kincade, a freshman
from Apple Valley, Minnesota,
expresses surprise at the pro-
gram’s effect upon everything he
does. The diversity component,
for example, has made him think
about how to approach and
adapt to individual situations—
for example, when, as a host at
a restaurant this past summer,
Kincade had to interact with a
wide range of customers.
“I had a group of five blind
people come in,” Kincade recalls.
“Instead of just taking them to
their table and saying, ‘Your
server will be here in a minute,’
I took it upon myself to help
them—and that meant reading
the menu to them.
“It’s not necessarily the big
things,” he reflects, “but rather
the little things that you apply to
the rest of your life that are the
main benefits of the GCP.”
Even Palan has been sur-
prised by the GCP’s impact on
students. “One young woman
told me she wasn’t sure she
wanted to be in the business col-
lege, but this program helped
her see that this is the right
place for her,” Palan says.
“Another student told me that
his participation gave him the
confidence to get involved in
It’s not necessarily the big things, but rather the little things that you apply to the rest of your life that are the main benefits of the GCP.”>> Patrick Kincade
“
The first group of graduates of the Gerdin Citizenship Program.
other campus activities. It is
clear the program has already
made some dramatic differences
in the students’ lives.”
Two students—Kelsie Harvey,
a sophomore from Akron, Iowa,
and Jeremy Weiss, a junior from
Barnum, Iowa—decided they
wanted to do more than volun-
teer when it came to community
service. They planned, marketed,
and carried out a successful
College of Business blood drive,
which they expect to become an
annual GCP event.
“We exceeded our drive goal,
getting around 65 donors,” says
Weiss. “But through my eyes, the
success goes beyond that. We
helped students gain a greater
sense of community service
while helping to save lives.”
‘An amazing experience’ Employers play an important
role in the GCP. For example,
Josh Ingalls, a campus relations
consultant for Principal, spoke
to the group on several occasions
and also served as a judge for
the speeches and posters. He
is an enthusiastic supporter
of the program.
“I think this program
influences students to think
of personal success in terms of
having more opportunities to
help society and their commu-
nity to be successful,” Ingalls
explains. “The Principal has a
very civic-minded culture and
puts a high priority on a positive
work environment. So students
who come out of school with
a core value of integrity and a
worldview fit in well with our
culture. GCP helps them achieve
that view.”
Ingalls, Scott Goodew, a
regional underwriting manager
with Federated Insurance, and
Andrea Dana, college relations
coordinator for Pella Corporation,
note that, beyond the Business
Career Fair and speaking to
classes, the program provides
opportunities for employers and
students to get to know each other.
“When I give presentations, I
tell people I’m not in the insur-
ance business, I am in the people
business,” Goodew said. “I am out
working with people, trying to
find those who fit with our cul-
ture. As I interact more with stu-
dents and also with faculty, they
get to know our company and
what we look for in employees.”
The employers also agree that
the program is a great way for
students to distinguish them-
selves from the crowd. “These
are the kind of students we want
to hire because they are taking
the initiative to do something
extra,” Dana points out.
For 2008-2009, Palan will
have substantial assistance run-
ning the program and moving
it forward.
Four students
who completed
the program
last year—
Gualillo,
Harvey, Vande
Berg, and
Weiss—will
serve as GCP
Student
Fellowship
Leaders.
“GCP has turned out to be a
win-win situation for everybody,”
Palan says. “The employers are
getting what they are looking for
in employees, the students
develop their skills and a support
network, and I have gotten the
engagement I wanted.
“It’s been an amazing
experience,” she adds, “that
will just keep getting better.” ■
This program influences students to think of personal success in terms of having more opportunities to help society and their community to be successful.”>> Josh Ingalls
“
I could tell the students, ‘Employers know about this program, and they want the kind of students who have completed it.’” >> Kay Palan, Associate Dean
“
Kelsie Harvey
IOWA STATE UNIVERSITY ■ COLLEGE OF BUSINESS ■ PROSPECTUS 1716 VOLUME 24 NUMBER 2 ■ FALL 2008 ■ WWW.BUSINESS.IASTATE.EDU
IOWA STATE UNIVERSITY ■ COLLEGE OF BUSINESS ■ PROSPECTUS 1918 VOLUME 24 NUMBER 2 ■ FALL 2008 ■ WWW.BUSINESS.IASTATE.EDU
In a college focused on building technical
business knowledge, teaching communication
skills has become a priority—and for good reason.
Even the most technical careers in business
require an employee to share information with
others. Whether informally with co-workers or
presenting vital information to a board of directors,
students graduating from Iowa State’s College of
Business need effective approaches for delivering
information to different audiences.
Teaching these communication approaches
posed an obstacle for the college, as most business
faculty are not trained in communication, yet still
need to teach the technical details of their discipline.
The college needed a unique solution—and they
found one in the Communication Center.
An integrative vision In 2006, the college established the
Communication Center to help students strengthen
skills in business communication and critical thinking.
Additionally, the center assists faculty with bringing
a communication focus to the classroom.
The center did not happen overnight, but grew
from Sue Ravenscroft’s vision of integrating commu-
nication principles into the classroom. The Roger P.
Murphy Professor of Accounting, Ravenscroft felt
strongly about the vital role communication has in
business. “There is no way to get around communi-
cating with others in a business career,” she says.
“No matter the job, communication is involved.”
Ravenscroft’s idea was timely, as the university
had also begun to realize the value of emphasizing
discipline-specific communication lessons in the
classroom. “Iowa State was solidifying ISUComm,
the university’s communication-across-the-curriculum
initiative, when we started the center,”
Ravenscroft recalls. “We were able to use the
ISUComm directive of developing student
competence in written, oral, visual, and
electronic communication to support our efforts.”
Even as the college worked to meet ISUComm
expectations, there was still a need to do more.
Feedback from recruiters and others in industry
indicated a need to concentrate on improving stu-
dents’ writing and communication skills in specific
business disciplines to better prepare them for their
future careers.
Others linked to the college also noticed the
need to focus on communication principles. Jeremy
Galvin, director of development, periodically asks
alumni to reflect on skills that would have helped
them feel more prepared and confident as they
began their careers. Not surprisingly, many respond
with communication.
“Through the Communication Center,” Galvin
says, “we have a real opportunity to provide skills
to students that will help them achieve their goals
throughout their entire career.”
A team develops As more people talked about a communication
curriculum within the college, it became evident
that developing student communication skills was
CONCEPTfrom
to
COMPREHENSIVE SERVICE
There is no way to get around communicating with others in a business career.”* Sue Ravenscroft
“
College of Business creates communication center
their understanding of core concepts
in shorter, more formal written and
oral assignments.”
Kay Palan, associate dean of
undergraduate programs, coordinates
the center’s staff and resources. “As Sue’s
idea progressed into the Communication
Center,” Palan notes, “we needed to add
to the team.”
So Melissa Suek, an incoming MBA
student with a strong communication
background, joined the effort, ready to inte-
grate communication into businesses courses.
Together, Hentz and Suek helped faculty
develop effective, context-specific communica-
tion assignments, along with the assessment
strategies and rubrics to evaluate them.
“Once instructors began incorporating
communication assignments in their classes,”
Hentz says, “we made sure we were available
to help students with these assignments.”
Building on the foundation In addition, Hentz and Suek presented instructional
modules on communication principles to business
classes, including team, speaking, and PowerPoint
skills. Suek developed the team skills presentation to
highlight effective ways of communicating in person
and via electronic media, skills she feels will benefit
students from all backgrounds. That module, she
says, has been especially well received by faculty
and students.
“In more jobs than ever, workers are required to
work as part of a team,” Suek observes. “Frequently,
these teams’ members include experts in different
functional areas with diverse backgrounds located
in various time zones.”
“Both Brian and Melissa provided an excellent
foundation for the center,” Palan said. “Ensuring
our students learn communication lessons relevant
to their discipline is important to us. A communi-
cation piece delivering accounting information is
going to differ from a marketing communication,
which is something our students need to under-
stand. This program gives them the resources to
differentiate communication needs and deliver
an effective message.”
This program gives them the resources to differentiate communication needs and deliver an effective message.”* Kay Palan
“
IOWA STATE UNIVERSITY ■ COLLEGE OF BUSINESS ■ PROSPECTUS 1918 VOLUME 24 NUMBER 2 ■ FALL 2008 ■ WWW.BUSINESS.IASTATE.EDU
a piece to undergraduate education that needed
specific attention. Despite the large undertaking
this venture represented, Ravenscroft was ready
to shine some light on the matter.
In 2005, Ravenscroft and Brian Hentz, then a
concurrent MBA and rhetoric graduate student,
received the Miller Faculty Fellowship. “I had
a number of possible ways to help the college,”
Ravenscroft says. “I just needed that little extra
momentum to get the program going.”
After receiving the award, she and Hentz began
developing material for faculty, effectively laying
the foundation for what today is known as the
Communication Center.
“We began by helping faculty incorporate
more communication-enhanced assignments and
instruction in their courses,” says Hentz, now an
instructor at the University of Connecticut’s School
of Business. “Students received more opportunities
in their major coursework to practice communicating
IOWA STATE UNIVERSITY ■ COLLEGE OF BUSINESS ■ PROSPECTUS 2120 VOLUME 24 NUMBER 2 ■ FALL 2008 ■ WWW.BUSINESS.IASTATE.EDU
During the center’s second year, Suek and
Maria Wolfe, a graduate student in rhetoric, forged
ahead, focusing on one-on-one consulting with
students. In addition, the team has been developing
a plan to spread the word about the services available
to students.
“We needed to draw attention to the center,”
Wolfe says. “The college provides a wonderful,
free service for students and faculty, so we devel-
oped an extensive marketing campaign directed
at both students and faculty to publicize all we
had to offer.”
The marketing effort began with a faculty brochure
and Web site, located at www.business.iastate.edu/
communication. “We also plan to focus on reaching
students with posters located throughout the
Gerdin Business Building,” Wolfe adds. “And,
we will continue expanding our Web site, turning
it into a database of useful information for anyone
who is interested.”
Suek and Wolfe have already begun building
a library of resources to put in the database,
offering several videos from professionals in
business communications, and even recording
their own presentations to classes for students
unable to attend the sessions.
A unique approach To date, the center has assisted approximately
25 faculty and as many as 3,000 students, figures
Palan says represent “just the tip of the iceberg.”
“Once our new services are in place,” she adds,
“we know we will be able to help many more.”
And while many similar programs offer writing
advice that is more generalized—for example,
correcting grammar and usage for students—
Wolfe has broader goals for Iowa State.
“While business schools in some universities
offer communication centers, our approach of
making communication integral in the curriculum
is unique,” Wolfe says. “We are putting communica-
tion assignments into a rhetorical context so students
will be prepared to handle similar situations when
they are at work.”
Future plans for the center include public work-
shops and seminars to make information more
accessible to students, allowing the center to branch
out to anyone interested in learning details about
business communication. And as demand for the
center’s services grows, Palan hopes to expand the
center’s number of employees and physical space.
“Our long-term plan,” Palan says, “is to have a
larger area for students to visit, practice presentations,
work on assignments at a computer, and receive
instant feedback on their work.”
In two short years, one idea has developed into a
center dedicated to improving the communication
curriculum offered at the college. As the college’s
Communication Center matures, adding staff, ser-
vices, and resources, more students graduating from
Iowa State will enter the workforce with communi-
cation savvy that will set them apart and guide
them to future success. ■
We have a real opportunity to provide skills to students that will help them achieve their goals throughout their entire career.”* Jeremy Galvin
“
Melissa Suek, left, and Brian Hentz, center, were instrumental in the creation of the Communication Center.
IOWA STATE UNIVERSITY ■ COLLEGE OF BUSINESS ■ PROSPECTUS 2120 VOLUME 24 NUMBER 2 ■ FALL 2008 ■ WWW.BUSINESS.IASTATE.EDU
The College of Business will honor three Iowa State
University alumni at this
fall’s Homecoming Awards. Two alumni will receive the Citation of Achievement Award, which was established in 1985 to honor distinguished alumni who have demonstrated outstanding achievement in life beyond the campus. One alumnus will receive the John D. DeVries Service Award, established in 1985 to recognize an individual who has demonstrated outstanding service to the college. The ceremony will be held on Friday, October 24, in the Scheman Building at the Iowa State Center.
C I TAT I O N O F A C H I E V E M E N T H O N O R E E S
William Kalm (’73 Industrial Administration) is a retired senior partner with Accenture, the global management consulting and technology firm. He also earned a master of science
of industrial administrative sciences from Iowa State University in 1977. He credits Dr. Charles Handy, his mentor and the College of Business’ founding dean, with his career success. Kalm created an internal case competition for MBA students in 2005 at Iowa State, providing scholarships for students on the top three teams. He and his wife Raedene reside in Phoenix, Arizona.
Dale Renner (’78 Industrial Administration) is president and chief executive officer for Red Point Group, his firm in Wellesley, Massachusetts, which provides Web-based customer
behavioral transformation and performance solutions for Fortune 1000 businesses. Renner is a leader in the fields of customer relationship management and data solutions. He and his wife Kelly (’80 Journalism and Mass Communications) have three children, including Dan, a pre-business major at Iowa State.
J O H N D . D E V R I E S S E R V I C E A W A R D H O N O R E E
Dr. William Thompson (’48 PhD Industrial Economics) is a professor emeritus and retired department head of industrial administration at Iowa State. A native of Scranton,
Pennsylvania, Thompson first came to Iowa State as a graduate assistant in 1942 having already earned a BS in business and education from Penn State College in Bloomsburg in 1934 and an MS in business from Syracuse University in 1939. He left Iowa State for Naval Training School in Ohio but returned in 1945, completing his PhD in industrial economics. He remained a faculty member through his retirement as professor emeritus in 1980. Thompson’s three children all graduated from Iowa State. He resides in Ames. ■
College Honors Distinguished Alumni AL
UM
NI
NE
WS
Andrew Allen
(’00 Management Information Systems) is a recipient of the 2008 Outstanding Young Alumni Award, given
by the ISU Alumni Association. The award recognizes ISU alumni age 40 and under who have excelled in their professions and provided service to their communities. Allen manages the charitable giving program at Principal
Financial Group, chairing the corpora-tion’s award-winning 2005-2006 United Way campaign, and serves many area
charitable organizations. ■
IOWA STATE UNIVERSITY ■ COLLEGE OF BUSINESS ■ PROSPECTUS 2322 VOLUME 24 NUMBER 2 ■ FALL 2008 ■ WWW.BUSINESS.IASTATE.EDU
FAC
ULT
Y A
ND
STA
FF
NE
WS
New Faculty and StaffMarc Anderson,
assistant professor of management. He previously taught in the Waikato Manage-
ment School at the University of Waikato in Hamilton, New Zealand. Marc earned his PhD in strategic management and organization from the University of Minnesota. His research interests concern the effects of personality and social networks on organizational behavior, organizational and managerial sensemaking, organizational learning, the role of metaphors in theory development and knowledge transfer, and citation practices and the social construction of organization science.
Will Bond, undergraduate academic adviser. He is a graduate student pursuing his MBA at Iowa State. He previously worked in financial planning for the Maytag Corporation and brand finance for the Whirlpool Corporation. Bond also teaches accounting part-time at Des Moines Area Community College and works as a resident manager for the ISU Department of Residence. Bond earned his BSBA in accounting at Central Missouri State University.
Ginka Borisova,
assistant professor of finance. She earned her PhD in finance from the University of
Oklahoma. Her research interests are in the field of privatization, corporate finance, and market microstructure.
Kayla Christensen, lecturer of accounting. She recently graduated from the Iowa State University masters
of accounting program. Upon graduation she worked as an internal auditor for SHAZAM, Inc.
in Des Moines, Iowa, and taught a financial management class for the Department of Hotel, Restaurant, and Institution Management at ISU.
Tim Folger (’06 MBA), lecturer of marketing.
Megan Clough-
Groshek, career coordinator and graduate assistant in Business Career
Services. She graduated with a BA in communications from the University of Wisconsin-Milwaukee. She is currently working on her masters in higher education at Iowa State.
Ioannis Yianni Floros,
assistant professor of finance. Ioannis earned his PhD in business administra-
tion at the University of Pittsburgh where he previously taught invest-ment management, capital markets and efficiency of capital markets.
Zhengrui Jiang,
assistant professor of management information systems. Jiang previously
taught at the College of Business, University of North Alabama. He earned his PhD in information systems from the University of Texas at Dallas. His research interests
include data quality issues in decision making, software economics, and software engineering.
Julie Lelonek,
administrative specialist for the dean. She was previously administrative assistant
for the International Journal of Physical Distribution and Logistics Management, Iowa State University. Julie worked with Dr. Crum and Dr. Poist, co-editors of this international logistics journal. She earned her bachelor’s degree from St. Ambrose University.
Deborah Martinez,
administrative specialist for the directors of the PhD program and marketing
and alumni relations. Martinez was previously with the Iowa Sports Foundation where she was the health initiatives coordinator for the Lighten Up Iowa program. She earned her bachelor’s degree from Loras College.
Won Gyun No,
assistant professor of accounting. His research interests include investigating
areas of assurance on financial information exchanged over the Internet and the effect of privacy in e-commerce. He graduated from the University of Wisconsin at Madison with a MACC and received his PhD from the University of Waterloo.
Julie Palmer (’05 Liberal Studies), administrative specialist to the
F A C U LT Y A N D S TA F F H O N O R S
Sonja Foley, student service specialist, Professional and Scientific Student Impact Award
Danny Johnson, associate profes-sor of operations and supply chain management, Junior Faculty Teaching Award
Kay Palan, associate dean of under-graduate programs and associate professor of marketing, Senior Faculty Teaching Award
Debbie Johnson, assistant to graduate programs, Merit Superior Service Award
Deb Noll, academic adviser, Professional and Scientific Superior Service Award
Bobby Martens, assistant professor of logistics and supply chain manage-ment, Teacher of the Year Award
Jennifer Blackhurst, associate professor of logistics and supply chain management, Junior Faculty Research Award
James McElroy, William and Elizabeth Goodwin Fellow in Management, Senior Faculty Research Award
Roy Teas, distin-guished professor of marketing, retired after the 2007-2008 academic year after
29 years at Iowa State University. ■
Jennifer Blackhurst received a promotion to associate professor with tenure in the Department of Logistics, Operations, and Management Information Systems.
Travis Sapp received a promotion to associate professor with tenure in the Department of Finance.
Amrit Tiwana was awarded the Union Pacific Professorship in Information Systems.
The Iowa State University Alumni Association honored John Wong, associate professor of marketing, with its Superior Service to Alumni Award. This is given to an Iowa State faculty or staff member who has demon-strated a commitment to establishing or furthering alumni relationships with the university.
Ellen Mullen, lecturer of management, was awarded 2008 VEISHEA Faculty Award.
Sree Nilakanta, associate professor of management information systems, received the Miller Faculty Award.
The 2008 Annual College of Business
Faculty and Staff Awards Ceremony
was held in April. Honorees included:
Ann Coppernoll, director of undergraduate programs, Adviser of the Year Award
Jan Duffy, adjunct instructor of accounting, Non-Tenure Eligible Superior Service Award
Patty Hefflefinger, office coordinator for Business Career Services, Merit Student Impact Award
associate dean of undergraduate programs. She was previously an administrative
assistant coordinating client leases and contracting management with the Iowa Department of Human Services.
Julie Saxton, administrative assistant to the editors of International Journal of Physical Distribution and Logistics Management. Saxton previously worked at Consumer Credit in Des Moines as an account specialist. She earned her bachelor’s degree in business from William Penn University.
Brittney Schmidt (’08 marketing), is currently the Watson Fellow and graduate assistant working with the college’s development team. Schmidt previously worked as a development intern for the college. She is also currently pursuing her MBA.
Andreas Schwab, assistant professor of management. Schwab has a PhD from the University
of Wisconsin and previously taught at Louisiana State University.
Jessica Van Winkle, undergraduate academic adviser. She is currently a graduate student at Iowa State pursuing her MBA with an emphasis in finance.
Doug Walker, assistant professor of marketing. His research focuses on the use of marketing databases to manage
customer relationships. He earned his PhD in marketing from the University
of Houston. ■
R E T I R E M E N T
IOWA STATE UNIVERSITY ■ COLLEGE OF BUSINESS ■ PROSPECTUS 2322 VOLUME 24 NUMBER 2 ■ FALL 2008 ■ WWW.BUSINESS.IASTATE.EDU
IOWA STATE UNIVERSITY ■ COLLEGE OF BUSINESS ■ PROSPECTUS 2524 VOLUME 24 NUMBER 2 ■ FALL 2008 ■ WWW.BUSINESS.IASTATE.EDU
How many hours did you spend planning your vacation
this summer? Or landscaping
in the backyard? Now, how many hours have you devoted to
planning your estate? For most, the answer is
“very few.” We spend 40 years accumulating assets
and possessions, but relatively little time ensuring
that they will be properly distributed to the people
and institutions we care about upon our death.
Estate planning is perhaps the least-understood
aspect of philanthropy. So in the next four issues
of Prospectus, I will describe charitable estate
planning and highlight some information that
may be useful for you to consider as you think
about your estate giving.
Estate plans are for everyone regardless of your
age or the value of your assets. This is especially
crucial for families with young children; parents
need to decide who will raise their children in the
unlikely event that both parents pass away. Estate
planning also determines where assets such as
homes, retirement plans, life insurance benefits,
and other assests are directed upon death.
The document that people
are most familiar with is the will,
which determines what happens
to your property after your death.
The first step toward documenting
a will is to inventory all of your
important personal records and
assets, including insurance poli-
cies, retirement plans, home mort-
gages, and any other investments.
The next step is to decide
who receives your assets. You
can give each person or institu-
tion a percentage of your estate,
or you can specify dollar
amounts. You can also
assign specific assets to
each entity. The decision
is completely yours. A
qualified attorney can put
your wishes into a legally
binding document.
For help in preparing
your will, I recommend a
brochure titled, “Planning for the Future: A Guide
to Wills and Trusts.” This is available through
the Iowa State Foundation at no charge by calling
800 621-8515 or visiting www.isugift.org.
In 1992, Donna Fuller (’68 Industrial
Administration) gave the College of Business a
percentage of her estate, which would one day
create the Donna Fuller Business Endowment in
support of our faculty and students. As Donna’s
estate has grown over the past 16 years, so has
the value of her gift to Iowa State. So we recently
reviewed her estate plan with her and determined
that her gift would one day establish a named
endowed professorship in the college and fund
several student scholarships.
I encourage you to follow Donna’s example
and be proactive in planning your estate. And I
ask that you consider supporting Iowa State and
the College of Business in your estate plans.
I have the privilege of helping channel the
passion of our alumni and friends into tangible
projects that improve the quality of the experi-
ence for our students. I hope I have the opportu-
nity to help make a connection in the College of
Business with your passion. ■
Jeremy Galvin is the senior director of development for
the College of Business. He can be reached toll free at
866 419-6768 or by e-mail at [email protected].
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Regardless of your age or the value of your assets, you need an estate plan. This is especially crucial for families with young children.
�����
Robert Cox (’62 Industrial Administration) is a
passionate—and vocal—
supporter of Iowa State University. He has long-standing relationships
with the College of Business, the ISU
Foundation, and the Athletics Department.
Members of each of these groups know that Cox is not shy about sharing whatever is on his mind, even leveling criticism when he feels it is warranted. But no one can doubt that his passion is rooted in a fierce dedication to Iowa State and the power it has to shape people’s lives. So it was especially meaningful when Cox made what he describes as a “down payment” on his existing estate gift to the College of Business as a reflection of his confidence and satisfaction with the college’s leadership. Cox’s gift will rename the dean’s office at 2200 Gerdin Business Building as the Robert H. Cox Dean’s Suite. “Iowa State is very fortunate to have someone so dedicated giving back to the university,” said Iowa State University President Gregory Geoffroy. “Bob’s contributions go beyond the financial. He has a wealth of business experience that is valuable to us as administrators.” “Bob is one of the College of Business’ most suc-cessful graduates,” said Dean Labh Hira. “He has been incredibly supportive of our programs, and it is most fitting that the Dean’s Office now bears his name.” For Cox, the decision was simple. “I’m just repaying a debt,” said Cox. “I would not have been a success without an Iowa State education.” Cox resides in Ft. Myers, Florida. He retired as the senior vice president of operations for Norwest Financial, just prior to its purchase of Wells Fargo Corporation. He enjoyed a long, successful career there.
Cox is a native Iowan. His father died before he was a freshman at Iowa State, and he nearly quit school as a result. Dr. Charles Handy, then an accounting professor, talked Cox into staying in school, and Cox feels a great sense of indebtedness to Handy
for the boost he gave to his career. “Without Chuck pushing me, I would not have completed my education and been as successful as I was,” said Cox. Cox was the first member of his family to grad-uate from college. He is especially proud of how hard he worked while he was in school. He worked full time while at Iowa State, getting married prior to his junior year and becoming a father five months before he graduated. Eventually, his sister Marilynn Philipp (’65 Growth and Development—Children) and brother Larry (’68 Economics) also graduated from Iowa State. He had a number of job offers when he graduated, and he credited his accounting skills and well-rounded education. “I hated speech class,” he said, “but it taught me how to speak in front of people, and as an executive you do that all the time.” The funds from Cox’s gift will be used toward the Cox Family Scholarship fund, which had already been established in the College of Business. Cox said the scholarship is meaningful to him because it supports ordinary families who want a college edu-cation for their children but struggle to afford it. Cox is a member of the Order of the Knoll President’s Circle. ■
Cox’s Gift Names Dean’s Suite
I’m just repaying a debt. I would not have been a success without an Iowa State education.”
—ROBERT COX
“
IOWA STATE UNIVERSITY ■ COLLEGE OF BUSINESS ■ PROSPECTUS 2524 VOLUME 24 NUMBER 2 ■ FALL 2008 ■ WWW.BUSINESS.IASTATE.EDU
IOWA STATE UNIVERSITY ■ COLLEGE OF BUSINESS ■ PROSPECTUS 2726 VOLUME 24 NUMBER 2 ■ FALL 2008 ■ WWW.BUSINESS.IASTATE.EDU
AEGON is committed to developing bright, young financial minds in our college.”
—LABH HIRA
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AEGON USA’s Transamerica Life Insurance Company
(AEGON Transamerica
Foundation) of Cedar Rapids,Iowa, has made a $500,000, five-year pledge to the
College of Business to name the trading simulation
laboratory in the Gerdin Business Building.
AEGON is a global leader in insurance prod-
ucts, including life insurance, pensions, related
investment products and supplemental health
insurance products. AEGON’s largest location in
the United States is located in Cedar Rapids,
home to six of AEGON’s divisions and major
business units with more than 2,700 employees.
The pledge is an unrestricted gift, meaning that
AEGON has given the college discretion to use the
gift to pursue its most important initiatives.
College of Business alumnus Peter Gilman
(’86 Finance), AEGON’s president and chief
executive officer of Extraordinary Markets, has
been central to the relationship between AEGON
and the college.
“We at AEGON are pleased to support the
College of Business,” Gilman said. “The college has
given us many outstanding employees at AEGON
and we couldn’t be happier with the relationship.”
AEGON has been a generous contributor to
the College of Business. One of its pasts gifts
included a $250,000 pledge to create two upper-
level College of Business courses in fixed income,
where students work with AEGON employees and
spend time on AEGON’s trading floor. Students
get to make recommendations in the management
of a portfolio of Transamerica Life Insurance
Company assets worth approximately $50 million.
An earlier $100,000 gift established the AEGON
Transamerica Endowed Scholarship, which awards
$1,000 scholarships annually to four College of
Business sophomores or juniors majoring in finance
or accounting, or students enrolled in the master of
accounting program. The scholarships reward aca-
demic success, as well as campus and community
involvement and leadership.
The trading lab will now be named the
AEGON Transamerica Trading Simulation Lab.
It simulates a real-world trading environment,
with stock exchange monitors, live tickers, and
news. It allows for tutorials, market-based com-
petitions, and projects to show students where
market inefficiencies can occur and test whether
they can detect and respond to opportunities.
“AEGON has been a tremendous partner to
the College of Business,” said Dean Labh Hira.
“They are committed to developing bright,
young financial minds in our college and they
have shown that in many ways. We are thankful
for what they do for our students and faculty.” ■
Aegon Names Business Trading Lab
“
THE AEGON TRANSAMERICA TRADING SIMULATION LAB.
IOWA STATE UNIVERSITY ■ COLLEGE OF BUSINESS ■ PROSPECTUS 2726 VOLUME 24 NUMBER 2 ■ FALL 2008 ■ WWW.BUSINESS.IASTATE.EDU
Annual Support for the College of BusinessThe College of Business would like to thank our treasured alumni, friends, and corporate and foundation partners for their cash contributions during the academic year beginning July 1, 2007, and ending June 30, 2008. Their contributions demonstrate a commitment to ensuring that our students and faculty have the resources to grow in an increasingly competitive marketplace. Many additional donors have supported the College of Business during 2006-2007 and requested confidentiality for their gifts. Those gifts are not listed here. If you prefer your name not be published, please contact the ISU Foundation Alumni Records department at 515 294-4656 or [email protected]. For more information on how you or your company can support the College of Business, contact Jeremy Galvin, senior director of development, at 866 419-6768 or [email protected].
$ 1 0 0 , 0 0 0 A N D A B O V EKelley and Joan BergstromRobert CoxJohn and Ruth DeVriesDavid DruryDavid and Ellen RaisbeckKenneth and Janet ThomeMark and Terri Walker
$ 5 0 , 0 0 0 - 9 9 , 9 9 9Richard and Carol JurgensJohn and Connie StaffordCora Wortman
$ 2 5 , 0 0 0 - 4 9 , 9 9 9Gerald and Margaret PintStephen and Rebecca SmithWilliam Varner $ 1 0 , 0 0 0 - 2 4 , 9 9 9Delores BoatRalph and Jean Eucher
Mark and Pamela FisherJohn and Rebecca HsuTimothy and Karen O’DonovanJohn and Mary PappajohnNed SkinnerRobert and Virginia StaffordWilliam ThompsonMurray and Valerie Wise
$ 5 , 0 0 0 - 9 , 9 9 9Miles and Catherine BarkerGail and Janeen BoliverC. Dean and Sandra CarlsonG. Steven and Phyllis DapperJames and Ann FreinDavid GarfieldJ. Scott Johnson and Julia Lawler-JohnsonWilliam Kalm and Raedene Keeton-KalmRobert and Judith McLaughlinSusan Ravenscroft
Tom Rice and Ann Madden RiceSteven and Rose Ann SchulerTroy SenterSmith Family Foundation TrustLynn and Jody VorbrichDonald and Patricia Wolfe
$ 2 , 5 0 0 - 4 , 9 9 9Kenneth CaratelliMichael and Sue CrumJerald and Cindy DittmerDavid and Kathleen Ecklund Denise Essman William and Gloria Galloway Charles Handy Kurt and Cara Heiden Lorene HooverMadolyn JohnsonRoger MurphyJoanne ReevesGary and Susan Streit
$ 1 , 0 0 0 - 2 , 4 9 9Thomas AndisonJames AuenRaymond and Joan Beebe Mark and Julie BlakeMichael BootsmaMichael and Mary Ann CarlsonThatcher Dilley and Shelly Barnum-DilleyDon and Linabelle FinneganBeth FordDonald and Mary GeigerDavid and Nancy Halfpap Dermot and Caroline HayesDavid HooverDan and Joanie HoustonDavid and Brenda KeithTimothy and Jolene Kneeland Daniel and Sharon KriegerCheryl KrongardMike and Jane LaMairBruce LambertEric and Mary LarsonCraig and Beth MarrsJohn MertesJohn and Quay MitchellThomas and Janet Nugent
James OwensLarry PearsonCraig and Virginia PetermeierKevin and Kathleen PrienBrenda RichmannFred SchusterLarry ScottJavier SeymoreRonald and Cheryl Shreve Mark Stoering and Deanna Elliott-StoeringJohn and Jennifer StreitScott TaylorAmrit TiwanaBruce WebbRichard and Sandy WellmanScott WilgenbuschGeorge and Sue Ann Williamson
$ 5 0 0 - 9 9 9William and Susan AdamsScott and Kathryn AndersonBelinda BathieLeon and Reba Patterson BenschoterAlan and Connie BergmanDavid and Susan BolteWinton and Gail BoydTeresa Carley-BrownRichard CarlsonDouglas and Joan CarlsonJohn and Katie CullitonFrederick and Veronica Dark Daniel DavisonRichard DeblieckMichael and Jill DeLioHoward and Dee Dicke David DirksNancy DittmerDavid EricksonGary and Sharon GodbersenJames GrahamGeorge and Pauline GrovertWinifred GuthrieJohn and Joanna HamiltonBrian and Paige Hamilton Gregory HarperCharles and Darlene HarrisCraig and Cheryl HartJeffrey and Cynthia Heemstra
S U P P O R T F R O M A L U M N I A N D F R I E N D S
IOWA STATE UNIVERSITY ■ COLLEGE OF BUSINESS ■ PROSPECTUS 2928 VOLUME 24 NUMBER 2 ■ FALL 2008 ■ WWW.BUSINESS.IASTATE.EDU
Annual Support for the College of Business/continuedThomas and Ellen HoweMichael and Deanna HummelDouglas IrwinSheryl JohnsonRyan and Pamela JonesLawrence KerrPatrick KirchnerCharles and Teresa KirkpatrickPamela Kopriva-BarnesGregory and Joyce KvetonRobert LarsenHubert and Judith LattanMichael and Christy MergenMartha Miller Mark MillerPaul MillerThomas Mueller and Sheryl SundermanRoger NeumannDennis and Anita NuetzmanGloria OhlendorfJane OnkenGary and Trudy PetersonJames and Mary Jo PlantanDave ReuterTodd RobinsonDavid SafrisDouglas and Valerie SaltsgaverMary ScheveNeil Schraeder and Ruth Ward-SchraederJennifer SchultzMichael ShepherdScott ShoultzRoy and Karen SipleTimothy and Carol SirplessJeffrey SteggerdaMatthew and Andree SwansonTimothy Van PeltJonathan and Gail WareWilliam and Melinda Watt
$ 2 5 0 - 4 9 9Rick Arnold Walter and Heidi Baskin Justin and Marissa Bauer Keith and Laura Bosler Robert Brandsfield Gary Brandt Jeffrey and Judith Brower
Brent Christenson Steve and Terri Coder Cheryl Conover Jeffrey and Elizabeth Cosner Joseph Cote Thomas Crawford Jason Decker and Christina Freese-Decker Sean and Christi Dhabalt Lisa Dias Robert Donahue Bryan Donaldson Randy and Suzanne Downs Martin and Betsy Draper Eugene Egeland Lonnie and JoEllen Elliott Joel and Kristie Elmquist Brian Finzen Louis Glover Marvin and Crystal Gordon Christine Grisham Loren and Linda Gustafson Randal HaaseHoward Hecht Jeffery Hadden John and Nancy Halleland Jay Hardeman David and Kay Harpole Paul Hawkins Ronald Henriksen G. Stephen Holaday Blake Howard Kristi Humpal Lynn Jenn Carol Jensen James Jorgensen Thomas and Angie Jostes Vernon and Julie Junker Susan Kesting Eric and Michele Kofoed Steven and Marilyn Kohles Douglas and Cynthia Krage Donald and Jenette Kragel Constance Krelle Venkat Krishnan Deborah Lancaster Chris and Teresa Lapinskie Jeffery Lara Paul and M. Ann Larson Jon and Sharyl Leinen
Lance and Jennifer Leslie Paul Livingston MaryAnn Lundy Michael Maloney Jean Martin Lawrence Massa Alan and Patricia McDaniel Randal Miller Barbara Miller Michael and Beverly Moeller Beth Mohar Daniel and Mary Mosiman Marc Nabbefeldt Amol Naik Lisa Neese John Nelson Roy NelsonMichael and Carolyn Nickey Paula Norby Erik and Deborah Oiler Richard Patterson Gregory Penn Wayne and Heather Prescott Jane Putzier Janet QuickJohn and Kathleen Ransom Paul and Janet Rath Harold Rosen Naomi Sage David Sawin Mark and Cathy Schmidt Ralph Scott Mark and Rachel Siegel James and Julie Snyder Michael and Julia Sorden Reed Spiegel Ronald Spielman Steve and Pamela Stark Kevin Steffensmeier William and Marcia Steil Martin Stivers Scott Stogdill Tina Thomas Kevin Toft Jose Torres Danielle Trumbauer Donald and Marilyn Tubbesing Merwin Ullestad Valerie Vasquez Scott Vreeman
Stanley Warren Darren Wilson Steven Wilson Brian and Carol Worth Kimberlee Wright David Young Douglas Zubradt
$ 1 0 0 - $ 2 4 9John AndersonLinda ArmbrusterKelly and Jean AultShelly Barnum-DilleyAllan Boyken Howard and Ann AndersonLynn AndersonAndy and Robecca AndersonDavid BablerAnnette Banwart-DellacroceRussell and Paula BeecherMerita BergstromMatthew BerryKevin BockesMarvin and Vicki BouillonMatthew and Trina BraafhartClarence BrookerBarbara BrooksDaleen BrownDanny and Sally BrownRichard and Mildred BrownAlan BrownSusan BrownHoward BrubakerMark CahillJie and Chang Liu CaiCraig CalhounHarriet CampbellDennis and Marilyn CarrJoseph and Susan CartagenaKeith CarterTroy CaspersonJohn and Lorna ChapmanJay and Karen Heldt-ChapmanBarry and Daria ChesnutJohn ChesserScott and Diane CicciarelliCharles ClaytonSherri CoffeltMarvin and Linda ColeTimothy Connolly
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IOWA STATE UNIVERSITY ■ COLLEGE OF BUSINESS ■ PROSPECTUS 2928 VOLUME 24 NUMBER 2 ■ FALL 2008 ■ WWW.BUSINESS.IASTATE.EDU
Jeanette CorumDarrin and Margaret CoySteven and Carolyn CremerBryan and Saralyn CrockSarah CumminsJames CushingBrenda CushingJohn and Barbara DalhoffCharles and Betty Dalton Thomas DardisRandy DavidsonDavid De JongKimberly DeBaereLinda DelongKathleen DellisantChad and Andrea DiazJoseph DillavouAnn DoddStephen and Laura DoerflerTherese DonnellyNancy DopMatthew DoranMichael and Jan DuffyTimothy DyeJeffrey and Jane EaganGeoffrey and Maureen EastburnKenneth and Laurie EastmanMichael EganJerome EichenbergerAllen EilersTodd and Kelly ElliottGregory EngeldingerBarry and Kristy EngelkesLisa EngstromDavid EvansAarik and Mary EvansonAlan FahrenkrogRodney and Lea Ann FieldsBruce FischerBarbara FleigDavid FletcherDennis FliederDavid FormanekAaron and Emily ForresterSandra FrankLaura FredricksonGary FridleyBethann FroistadM. Richard and Linda FroistadJenny Gallagher
Chad and Lisa GammonBrian GaroutteJennifer GarrelsSamara GartonMark GatliffTracy GerlachElizabeth GildeaDavid GionRhonda GoldenLarry and Mary GrantJenele GrasslePaul and Gina GreeneJay and Joanna GrubbSteven and Karen GuentherDeborah HalvorsonBrian HamiltonJo HamlettJeffrey and Susan HandRichard HansenRyan HansenRyan HarnackNicholee HarrisonAndrew and Lea HarrisonJason and Jennifer HassMark HayenOwen HayesRichard and Karyl HayesTamara HegelJay and Kathleen HempeTerry HenricksenStephanie HilbertPatricia HintonToby and Tricia Triplett HoffmanJohn HofmeyerTed and Eleanor HollanderF. Martin HollisterAllen HornStephen and Mary HowardWayne HoweGayle HuckRichard HuckaPaul and Nancy JacobsenAlan JenkinsLynette JenningsBrian and Maureen JessenGary JohnsonJeffrey JohnsonJudith JohnsonBarbara KaltenheuserGary and Geraldine Karr
Korlin KazimourRandy and Kelly KearnPamela KellyKaren KeslDavid and Robin KilgoreShawn KinmanGary KlevenDaniel KnellerMichael and Angela KriegerJohn KronkaitisValerie KuehlPatrick and Deanna KueterMichael KuhlJoan KulschbachBarry and Janet KurthTracy LawsJon LeinenValdean and Lois LembkeAnn LeonardHeather Lindahl-CrossDavid LindbergSteven LittleMichael LoenserRobert and Mildred LongBradley LorengerPaul LynchTom and Nancy MacklinWalter MaehrF. Dennis MalatestaSandra Marcus LindgrenJohn MartinezTodd MayEdward and Noemi MaydewMarsha McCallMichael and Katie McInerneyJ. Douglas and Suzanne McKinstryJoyce McManusRobert MeinholdEdward MeissnerTara MenkeMark MeyerTheodore MeyersJohn and Lisa MichelJeffrey MillerRichard MillerDennis MilneDavid MoenchBenjamin MorrisonNancy MortensenDavid Mumford
Thomas MumfordBrian NelsonRobert NelsonChristopher and Wendy NelsonW. Dean and Vivian NelsonMarc NicholsBenjamin NortonDouglas ObalDavid OlsonMark OlthoffBrent OlthoffJeff and Debra OltmannRobert PattersonPaul PenceJeffrey PetersRobert and Susan PetersonDean and Diann PeytonScott PfeiferJames and Renee PhelpsLaurence PikeCarolyn PortnerChristine PrellNathaniel PriceLaura PyerDouglas RagallerRenee ReimerGrant ReuterElisabeth ReynoldsonR. Michael RiddleChristopher RiggenMichael RiordanJames RobinsonLori RockersAllan and Diane RoderickMarilyn Roorda BishopRodney RosburgJames and Susan RoseSage RosenfelsShawn and Christine RourickGary SandholmBryan and Robyn SauerJan and Janice SchiedelKaren SchipfmannKent SchmidgallDaniel SchmittPamela Schneider-JenningsJoseph SchnepfJulie SchnoebelenBruce SchumanWilliam Schwickerath
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Sally SelbyGerald SewickLloyd SharpRichard ShepardLarry ShimaBruce and Sally ShimkatCharles ShraderRyan and Nancy SkubisChristopher and Mitzi SmithRoss and Lisa SmithDaniel SmithBruce SnethenRichard SnyderMarc SnyderMark SorensonClinton SpanglerJulie SprauJean SrourWilliam and Deborah StearnsBrenda StephanyTimothy StoesselBrian StreichSamuel and Margaret StrotmanCristina StrudthoffKathleen StrumKathleen StuckChad SturtzG. Thomas and Molly SullivanTimothy SullivanRandall and Margie SwoyerJohn TeduitsMartin and Susan TendlerAdrienne TetreaultWilliam ThatcherMichael and Sandra ThomeVirginia ThompsonLawrence ThompsonHugh ThomsonSteven ThorenKimberly ThuenteSteven and Susan TollefsonThomas TregenzaScott and Michelle TriggsMing-Feng TsaiDavid and Susan Tucker Natalie Van NoteDiana Van Winkel-RoachHoward and Alice Van AukenRobert and Sara VancuraRobert Vander Linden
Ryan VanderhelmBarry and Jewell VermilyeaDrew VogelGerald and Susan WalkerDaniel WalterTroy and Julie WarschkowSteven and Ann WatsonMatthew and Jennifer WeberChristopher and Catherine WeideJames WeldonDaniel WernerBruce WerthMichael WesselRichard WestLeslie WestphalRobert and Cynthia WetherbeeTodd and Cyndi WheelerLance and Carrie WhitacreThomas WhittenSusan WilsonDouglas and Karen WilwerdingKatharina WilzLarry and Christy WirthMolly WithersJames WoerdemanDavid WolfeBrian WoolleyJiangang and Yongjie Hu WuTyler YearousDustin and Amanda Young
The following people have made provisions in their estates during 2007-2008 to support the College of Business:Murray BaconRonald and Marla FranklinMark and Julie BlakeCraig and Virginia PetermeierJean Bacon LouisRobert and Claudia Wolf
$ 1 0 0 , 0 0 0 A N D A B O V EWells Fargo
$ 5 0 , 0 0 0 - $ 9 9 , 9 9 9Life Investors, Inc. (AEGON)Union Pacific Foundation
$ 2 5 , 0 0 0 - $ 4 9 , 9 9 9Jacobson CompaniesMetalcraft, Inc.Principal Financial Group Foundation
$ 1 0 , 0 0 0 - $ 2 4 , 9 9 9Boat Foundation, Inc.John Deere FoundationPioneer Hi-Bred
$ 2 , 5 0 0 - $ 4 , 9 9 9Computer & Communications Industry AssociationKPMG FoundationSandage Charitable Trust
$ 1 , 0 0 0 - $ 2 , 4 9 9Barr-Nunn Transportation, Inc.Kelley Bergstrom Family FoundationCerner CorporationFederated Insurance Foundation, Inc.First National Bank-AmesThombert, Inc.Sevde Self StorageUnion Pacific Fund for Effective Government
$ 5 0 0 - 9 9 9Rick Barnes Insurance Agency, Inc.
$ 2 5 0 - 4 9 9Bridgestone/Firestone North American Tire, LLCOffice Systems Professionals of Central Iowa
$ 1 0 0 - $ 2 4 9Eagle RidgeKaltenheuser FarmsKinman Enterprises, Inc.
S U P P O R T F R O M C O R P O R AT I O N S A N D F O U N D AT I O N S
Private Eye Pool ServiceSandholm Real EstateTrailhead Associates, LLC
The following businesses made matching gifts to the College of Business in 2007-2008 on behalf of their employees:3M Foundation A & B Foundation Accenture Foundation Inc. Aegon Transamerica Foundation Alcoa Foundation American International Group Inc. Ameriprise Financial Archer Daniels Midland Foundation Avaya Communication Aviva Charitable Foundation Boeing Co Bridgestone/Firestone Trust Fund Cargill—Minneapolis Caterpillar Foundation Cingular Deloitte Foundation Dow Chemical Company Foundation Eli Lilly & Company Foundation EMD Serono Emerson Charitable Trust Ernst & Young Foundation ExxonMobil Foundation FBL Financial Group Inc. General Electric Fund General Mills Fdn. GMG Foundation Goldman Sachs Group Inc. H & R Block Foundation Hormel Foods Corporation Charitable Trust HSBC—North America IBM Corp—CT Ingersoll-Rand Foundation Intel Foundation Johnson & Johnson Key Foundation KPMG Foundation Kraft Foods Corp. Lockheed Martin Corp. Meredith Corp Foundation
IOWA STATE UNIVERSITY ■ COLLEGE OF BUSINESS ■ PROSPECTUS 3130 VOLUME 24 NUMBER 2 ■ FALL 2008 ■ WWW.BUSINESS.IASTATE.EDU
Merrill Lynch & Co. Fnd. Inc. MetLife Foundation MidAmerican Energy Foundation Motorola Foundation Nationwide Foundation Northwestern Mutual Foundation OdysseyRe Pepsico Foundation Inc. Pfizer Foundation Matching Gifts Program Pioneer Hi-Bred Intl—Des Moines PPG Industries Foundation Principal Financial Group Foundation Inc.
Procter & Gamble Co. RBC Capital Markets Robert Half International Rockwell Collins Ryan Companies US, Inc. Sanofi Aventis Group Sauer Danfoss SC Johnson Fund Inc. Shell Oil Co. Foundation Sprint Foundation State Farm Companies Fnd. State Street Foundation TCF Foundation Thomson West Corporation
Tractebel North America Services Inc. Tyco Electronics U.S. Bancorp Foundation Union Pacific Corporation UnumProvident Corp. UPS Foundation, Inc. Verizon Wachovia Foundation Walt Disney Company Foundation Wells Fargo Foundation ■
Dean Labh Hira has announced three new
members to the College of
Business Dean’s Advisory Council. They will be welcomed at the council’s
fall meeting on Friday, October 24. The new members are:
Mark Fisher (’76 Industrial Administration) is the president and chief executive officer of United Community Bank in Milford, Iowa. He started with the bank as a cashier in
1977. Fisher and his wife Pamela live on West Lake Okoboji, Iowa. They established the Fisher Faculty Fellowship in Business, a named faculty position in the College of Business. Both of their sons are Iowa State business graduates— Paul in management infor-mation systems in 2005 and Adam in accounting and management information systems in 2007.
Peter Gilman (’86 Finance) is the president and chief executive officer of Extraordinary Markets for AEGON USA in Cedar Rapids, Iowa. He began working at AEGON/Life Investors in February of 1993 as the national director of advanced sales for the individual division. Gilman founded Extraordinary Markets, an AEGON company. He lives in Cedar Rapids with his wife Luann (’87 Accounting) and three daughters.
Ann Madden Rice (’79 Industrial Administration) is the chief executive officer of the UC Davis Medical Center in Sacramento, California. She oversees the hospital’s 6,500 employees and $1
billion budget. She was previously the associate director and chief operating officer for the University of Iowa Hospitals and Clinics. She is also a past chief financial officer for Mary Greeley Medical Center in Ames. She and her husband Tom (’79 Political Science) have two daughters, Kate and Charlotte, a freshman pre-business major at Iowa State. ■
New Dean’s Advisory Council Members Named
adequately for tub bathing. Should barrel water run out or turn stale, the winter procedure was always available. Saturday was also Coffey’s big day. The farmers came to town. Trade at the three major stores was enhanced by free merchandise drawings. During the summer months, local merchants also provided free outdoor movies. There was only one projector, which gave patrons intermission time as the reels were changed. Sundays also meant church atten-dance in Coffey.
Grisham’s tale ends as Luke and his parents travel to Flint, Michigan, where his father was to take a job in GM’s Buick plant. The bottomland farmed by the Chandlers had flooded and a crop failure was once again in the offing. The move accomplished a goal of Luke’s mother, who felt that leaving the uncertainty of cotton farming would afford a better future
for her son. Did the move help Luke? I can only assume it did. The Great Depression and crop failures took their toll in my small Missouri community. My family was forced to seek greener fields. Our move was welcomed by my teacher-trained mother. As was the custom in that day, she had left the class-room after marriage. My brother and I became her major concern. She felt the move would enhance our future opportunities. Although my brother’s early accomplishments pointed to a successful life, his future was cut short by his death in the service in 1953. But the sacrifice and dedication of my father and mother allowed me to pursue a rewarding career in the field of education. They weathered very difficult times, and I will forever be in their debt. ■
From the Desk of Founding Dean Charles HandyDR
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The sacrifice and dedication of my father and mother allowed me to pursue a rewarding career in the field of education.”
—CHARLES HANDY
I recently read A Painted House by John Grisham. The story, told through the eyes of seven-year-old Luke Chandler, takes placein rural Arkansas during the early 1950s. Luke’s family, which consisted of his parents and paternal grandparents, were cotton farmers. The grandpar-ents own their rural home, which is unpainted like many rural homes, but painted during the story. The Chandlers rent their cotton fields. Each year is a struggle to make ends meet. Luke’s ambition is to play baseball for the St. Louis Cardinals. His summer evenings are occupied listening to Harry Caray broadcast Cardinal contests. Although his family does have electricity, they lack many commonly accepted conveniences like indoor plumbing and television. Saturday is the family’s big day of the week, when they motor to nearby Black Oak to socialize, enjoy a drugstore treat, and watch a movie. Sunday is a day of rest with church atten-dance a priority. Grisham’s story reminds me of my own child-hood spent in small town Coffey, Missouri. (Like other “city” folks, our house was painted.) I too listened to Cardinal games and longed to play for St. Louis. On occasion, I would turn to WHO in Des Moines and listen to the teletype transmission of Chicago Cubs games by Ronald “Dutch” Reagan. My family were merchants whose livelihood depended on trade with area farmers. Like Luke’s family, we had electricity but did lack other modern day conveniences. In winter, bath water was hand pumped from an outside well and heated over our kitchen stove. Summer was a different story; rain water from our home roof drained into large wooden barrels. The summer sun heated the water
32 VOLUME 24 NUMBER 2 ■ FALL 2008 ■ WWW.BUSINESS.IASTATE.EDU
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Craig A. Petermeier ’78, ChairPresident, CEOJacobson Companies
Ronald D. Banse ‘75Assistant General AuditorUnion Pacific Corporation
Kelley A. Bergstrom ‘65PresidentBergstrom Investment Management, LLC
Steve W. Bergstrom ‘79ChairmanArclight Energy Marketing
G. Steven Dapper ‘69Founder and Chairmanhawkeye | GROUP
John D. DeVries ‘59CEO, RetiredColorfx
Jerald K. Dittmer ‘80President, The HON CompanyExecutive Vice President, HNI Corporation
David J. Drury ‘66Chairman and CEO, RetiredThe Principal Financial Group
David K. Ecklund ‘72Director of the Global Supply Chain Management Executive MBA ProgramUniversity of Tennessee, Knoxville
Denise I. Essman ‘73President and CEOEssman/Associates and Essman/Research
Mark Fisher ‘76President and CEOUnited Community Bank
Beth E. Ford ‘86Executive Vice President, Head of Supply ChainInternational Flavors and Fragrances, Inc.
James F. Frein ‘67President, RetiredHutchinson, Shockey, Erley & Co
David C. Garfield ‘50President, RetiredIngersoll-Rand Co.
Russell GerdinChairman and CEOHeartland Express, Inc.
Peter Gilman ‘86President and Chief Executive OfficerAEGON Extraordinary Markets
Isaiah Harris, Jr. ‘74ConsultantPalm Coast, FL
Cara K. Heiden ‘78Div Pres, National Consumer and Institutional LendingWells Fargo Home Mortgage
Daniel J. Houston ‘84President, Retirement & Investor ServicesPrincipal Financial Group
Richard N. Jurgens ‘71Chairman, Chief Executive Officer, PresidentHy-Vee, Inc.
Daniel L. Krieger ‘59PresidentAmes National Corporation
Cheryl G. Krongard ‘77Partner, RetiredApollo Management LP
Robert E. McLaughlin ‘60PartnerSteptoe & Johnson LLP
Timothy J. O’Donovan ‘68Chairman of the Board Wolverine World Wide Inc.
David W. Raisbeck ‘71Vice ChairmanCargill, Inc.
Ann Madden RiceChief Executive OfficerUniversity of California, Davis Medical Center
Frank Ross ‘84Vice President—North America OperationsPioneer Hi-Bred International, Inc.
Steven T. Schuler ‘73Executive Vice President and CFOFederal Home Loan Bank of Des Moines
Walter W. Smith ‘69CEOITWC Polyurethane
John H. Stafford ‘76Vice President, Financial Shared ServicesGeneral Mills, Inc.
Jane Sturgeon ‘85SVP, CFO and TreasurerBarr-Nunn Transportation, Inc.
Jill A. Wagner ‘76Regional Vice PresidentFrontier Communications
AdministrationLabh S. HiraDean
Michael R. CrumAssociate Dean, Graduate Programs
Kay M. PalanAssociate Dean, Undergraduate Programs
Marvin L. BouillonChair, Department of AccountingChair, Department of Finance
Thomas I. ChackoChair, Department of ManagementChair, Department of Marketing
Richard F. PoistChair, Department of Logistics, Operations, and Management Information Systems
Ronald J. AckermanDirector, Graduate Admissions
Steven T. CarterDirector, Pappajohn Center for Entrepreneurship
Ann J. Coppernoll Director, Undergraduate Programs
Mary F. EvansonDirector of Development
Jeremy D. GalvinDirector of Development
Soma MitraAcademic Fiscal Officer
James M. HeckmannDirector, Small Business Development Centers
Mark S. PetersonDirector, Graduate Career Services
Jennifer D. ReitanoDirector, MBA Recruitment and Marketing
Daniel J. RyanDirector, Marketing and Alumni Relations
Kathryn K. WielandDirector, Business Career Services
Dean’s Advisory Council
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