Class Gets First-Hand Look at Life on Wall Street
From L to R: Rudy Priyetna, Matt Frieda, Robin Chen, Arthur Lin,
Bob Xue, Erwin Grabisna, Prof. Ingrid Werner, Peng Wang, Dan Ellison,
Xin Lu and Matt Reidy
A group of MBA students recently got a first-hand look at the New
York Stock Exchange (NYSE). Accompanied by Associate Professor of
Finance Ingrid M. Werner, the students of Trading and Markets
830 took an insider tour of NYSE, Citigroup, Morgan Stanley and
"Many Fisher MBA students aspire to work on Wall Street, and my hope
is that this visit to sell-side firms helped my students get a better
picture of what that would be like," said Werner.
The whirlwind weekend included tours of active trading floors and
meetings with the top officials at Citigroup, Morgan Stanley and Whitecap
"The trip to visit the NYSE and Whitecap Trading was extremely informative
and could not have come at a more opportune time. To arrive at the
exchange the week of the announced merger with Archipelago, along
with the subsequent news regarding the NASDAQ merger, added an air
of excitement," said part-time MBA student Jason Winters. For more
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Featured in Harvard Business Review
Bendapudi, associate professor of marketing and academic director
of the Initiative for Managing Services, and Venkat Bendapudi,
senior lecturer of management and human resources, published an article
the Living Brand," in the May 2005 issue of Harvard Business
Focused on the convenience store industry, the study examines how
these stores benefit from training employees to reflect the brand's
core values, centering on QuikTrip and Wawa, which have turnover rates
of 14% and 22% respectively.
The authors uncovered the following six principles that help a company
create a strong customer service-oriented culture:
Know what you're looking for
Make the most of talent
Create pride in the brand
Share the business context
Satisfy the soul
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Business Plan Finalists Announced
The Center for Entrepreneurship at
the Fisher College of Business today announced six finalists for the
2005 Business Plan Competition sponsored by Deloitte & Touche USA
LLP. More than 100 teams registered for this year’s competition.
Authis - provides outsourced authentication services
Pinpoint Dynamics - develops avionics products such as
an aircraft collision warning system suitable for light aircraft.
Siren Audio - distributes high-quality production audio
content quickly and efficiently via the Internet
Spotless & Shine: develops automatic car-washing technology
for auto markets
Strategic Thinking Industries, LLC: provides software products
for the healthcare information technology industry
Unknown Games: offers innovative and proprietary olfactory
games that appeal to kids, teenagers and adults in the home entertainment
The final round takes place May 20 when each team will give an oral
presentation of its plan to a panel of leading experts, including
entrepreneurs, industry leaders, venture capitalists and scholars.
The top three finalists will share in more than $100,000 in start-up
funds and services.
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Shows Problems with Reg FD
recent study co-authored by Anil Arya, professor of accounting
and MIS, shows that Regulation Fair Disclosure (FD), a standard that
prohibits companies from releasing information to select analysts,
may be causing more problems than it solves. Titled "Unintended
Consequences of Regulating Disclosures: The Case of Regulation Fair
Disclosure," the study was authored in conjunction with Brian
Mittendorf and Ganapathi Marayanamoorhty of the Yale School of Management
and Jonathan Glover of the Tepper School of Business at Carnegie Mellon
University. Mittendorf and Glover are former Fisher College of Business
PhD students. The study concluded that Regulation FD may be unintentionally
increasing herding behavior, the trend in which analysts quickly reach
a consensus thus leaving investors less informed. For more information,
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College PhD Candidates Win Research Forum
PhD students were recognized at the 2005 Edward F. Hayes Graduate
Research Forum. In its 19th year, the graduate research forum is co-sponsored
by the Council of Graduate Students, the Graduate School and the Office
of Research. Alison Mackey, Tyson Mackey and Janice
Molloy claimed first, second and third place respectively for
their presentations in business.
Alison Mackey took first place with her paper titled “How Much do
CEOs Influence Firm Performance-Really?,” which explored the trend
of the “CEO effect” versus industry and firm “effects.” In second
place, Tyson Mackey, with his paper titled “Diversification, Payout
Policy, and Firm Value,” discussed why corporate diversification decisions
must include an analysis of alternative uses of free cash flow. His
results suggest agency problems in firms’ diversification choice.
Rounding out the top three, Molloy presented a paper titled “Why One
Size Employer Doesn’t Fit All: Prototypes of Large and Small Employers.”
Her research looked at what attracts applicants to large or small
employers; the research was conducted in an attempt to look at the
issue of small employers’ difficulty in attracting talent.
The forum is designed to encourage professional development, provide
students with an opportunity to share their research, recognize exemplary
students and foster communication between students, faculty, administration
and the public.
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Class Features Renowned Speaker
Professor of Marketing Curtis Haugtvedt gave his undergraduate
classes a once-in-a-lifetime chance to hear acclaimed businessman
George B. Foster speak. Foster is a seasoned veteran of the business
world and has more than 50 years of experience to back his lectures.
Foster attended Harvard prior to entering the military and serving
in World War II. After five years in the military, Foster left to
attend the University of Illinois where he earned a degree in electrical
engineering. Using his military background and his engineering knowledge,
Foster became involved with numerous ventures over the next decades.
He has 47 patents issued and has been involved in countless projects
covering a range of topics including nuclear radiation, online mechanical
analysis, air navigation devices and communication improvements in
lectures, conferences and computer data entry. Foster continues to
share his expertise with academia and the public through his involvement
with community organizations.
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Staff and PhD
May 13, 2005
David Yermack, professor at New York University, will speak on "Pay
Me Later: Inside Debt and its Role in CEO Compensation" as part
of the Stephen A. Buser Colloquium Series in Financial Economics at
10:30 a.m. in 800 Fisher Hall.
May 13, 2005
Quarterly Professional Development Seminar
Kent Sears, vice president, manufacturing processes and global manufacturing
systems implementation, General Motors North America, will discuss
"Taking Lean to the Enterprise. Applying the Principles of Lean
Manufacturing to the Office and Professional Environment" at
1 p.m. in 140 Pfahl Hall.
Business Ethics Case Competition
Contact Xiao Sun at email@example.com
for more information.
May 14, 2005
Personal Finance Boot Camp from 11 a.m. to 4 p.m. in the lobby
of Schoenbaum Hall. To register,
May 16, 2005
CIBER Case Challenge Deadline
May 19, 2005
May 20, 2005
Fisher Thought Leader Seminar Series
Monday, May 16 is the deadline for all CIBER Case Challenge
volunteer manager applications. To get an application or read more
about the positions,
click here. If you are also applying for a co-chair position,
please send a resume to firstname.lastname@example.org.
Utsav 2005 will take place May 19 from 12:30 - 1:30 p.m. in
the Fisher Courtyard. Sponsored by the Indian MBA Association, the
event will feature a fashion show, colorful dance sequences, skits
and songs. Following the show enjoy authentic Indian cuisine at the
Bank One Lounge in Gerlach Hall.
Fisher Thought Leader Series
Andrew Karolyi, Charles R. Webb Designated Professor of Finance,
will speak on Friday, May 20 at 8:30 a.m. as part of the Fisher
Thought Leaders Seminar Series.
The Fisher Follies will take place May 20 at 8:00 p.m. at the
Fawcett Center. Fisher Follies features more than 30 MBA students
in a two-act tongue-in-cheek performance. Students are involved in
every step of the development process: from writing scripts and designing
sets to marketing and fundraising. Tickets are $7 in advance and $10
at the door. Proceeds benefit Junior Achievement. For more information,
contact Brittany Fortin, Fisher Follies marketing director at email@example.com.
The twelfth biennial W. Arthur Cullman Symposium will take place May
26-27 in the Blackwell Hotel. This year, the symposium focuses
on "Competing through Service." For a complete list of panels
and speakers, click
Sphinx Students Selected
Eight Fisher College undergraduate juniors were inducted into the
Sphinx Honorary last Friday. Only 25 students across the entire campus
get into this leadership and academic honorary, which has been at
Ohio State since 1907. The Fisher College students include Adam
Barbina, Zane Fry, Matthew Kreiner, Elizabeth Lubnina,
Laura Pratt, Suzanne Scharer, Aaron Wilcox and
Shenkar Participates in Panel on China
Ford Motor Company Chair in Global Business and Professor of management
and human resources Oded Shenkar spoke at the Asia Society
of Texas in Houston on May 12. Shenkar led a panel discussion on how
China is growing through modern technology and market economics in
a non-democratic system.
Curphey Speaks to Services Marketing Class
Jim Curphey, the department manager of the litigation department at
Porter, Wright, Morris & Arthur spoke to Professor of Marketing
Neeli Bendapudi's Services Marketing class on May 9. He focused
on motivating employees in the professional services sector, from
a law firm's perspective, believing that job satisfaction was the
Professor of Management and Human Resources Oded Shenkar's
book The Chinese Century was reviewed in a May 5th Economist
article titled "Behind
All the Glitter."
The Center for Entrepreneurship's Business Plan Competition
was featured in a May 6 Business First article titled "Biz
Plan Competition Provides Critical Assistance."
Department of Accounting Chair Dick Dietrich was quoted in
a May 8 Columbus Dispatch article titled "Political
Ties, Secrecy Taint Investment Deal" and in a May 11 Columbus
Dispatch article titled "Coin-Funds
Manager Quits Two State Panels."
Professor of Marketing Rao Unnava was quoted in a May 8 Columbus
Dispatch story titled "No
Professor of Finance Tony Sanders was cited in a May 9 Wall
Street Journal article titled "Fannie's
Friends on the Hill."