FISHER NEWS June 2, 2006
  In this issue

CIBER secures $1.4 million federal grant renewal

Surgical device company wins business plan competition

P&G execs tout innovation

Senior wins at Denman

Staff members honored

NAM leader challenges companies to be competitive

Fergus, Aveni to receive service award

Fisher People: Kathy Zwanziger
Max M. Fisher College of Business > The Ohio State University Fisher College of Business
CIBER secures $1.4 million federal grant renewal
Academic research center unique in Ohio

The Center for International Business Education and Research (CIBER), was awarded a highly-competitive $1.4 million grant by the U.S. Department of Education last month. The funding will support the center’s research, faculty teaching projects and other targeted activities over the next four years.

This is the fourth consecutive renewal for Fisher’s CIBER program, which is one of 31 in the country and the only one in Ohio. Each center provides programming to link the labor and technological needs of the U.S. business community with the international education, language training and research capacities offered by a major university.

CIBER’s next initiative outlined in the grant will focus on the “global management of knowledge,” Fisher CIBER Director Cheryl Ryan said. The center’s strategic focus will be on specific projects tied to the globalization of knowledge management in eastern, southern and central Asia as well as Latin America.

Ryan plans to host at least one event each year for researchers and business professionals that highlight one of those regions the center will target in next four years, as part of linking the center’s expertise in global business with Ohio State’s resources.

“We are tremendously pleased to be re-designated as one of the country’s national centers of excellence in international business. The support Fisher receives from the U.S. Department of Education through the CIBER grant will continue to allow us to both deepen and broaden the global business programs we are able to offer students and members of the business community. It’s also an honor to be among such a fine group of other universities also designated as CIBERs.”

CIBER’s first endeavor in 1996 helped create the popular Emerging Markets Field Study to broaden student’s prospective and provide real-world application of classroom teaching. Students in the class develop relationships with businesses within the selected foreign country and arrange site visits for the weeklong trip. Fisher students have visited more than 20 countries on five continents through the class.

Two years ago, the center launched the CIBER Case Challenge for undergraduate students. The third edition of the competition will be held at Fisher on Nov. 1-3. This year’s international competitors will include last year’s champion Singapore Management University as well as the University of Auckland in New Zealand, Concordia University in Montreal and a fourth school to be announced.

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Minimally Invasive Devices LLC wins
2006 Business Plan Competition

A company developing disposable surgical instruments captured top honors at the 2006 Deloitte Business Plan Competition hosted by the Center for Entrepreneurship.

Minimally Invasive Devices LLC, the creators of Clear-Vu, a disposable covering to keep laparoscopic scopes from fogging up during Minimally Invasive Surgery, took top honors at the final round of the competition on May 19. The company’s design for a self-cleaning film to cover the scope would eliminate more than seven cleanings that can take place during an hour of surgery. They are in the process of securing a patent for the design.

Jodi Wolfe, vice president for business development and a graduate student at Ohio State University’s School of Public Health was introduced to this technology through Fisher's Thomas Wheeler Entrepreneurship Internship Program. She wrote the business plan and will serve as the vice president of business development.

The film covering would allow surgeons to perform abdominal and chest operations quicker, safer and with fewer distractions, Dr. Wayne Poll, the company's founder and director of robotic surgery at Columbus' Riverside Hospital, said.

“Clear-Vu will make these surgeries go faster, which means less anesthetic for the patient, a better view of the anatomy for the surgeon and decrease in concentration breaks, which results in a safer procedure,” Poll said.

Judges liked that Minimally Invasive Devices would give small and private hospitals the capability to safely perform procedures they currently refer to larger hospitals, Michael Camp, academic director of the Center for Entrepreneurship, said.

“Minimally Invasive Devices is a company that is innovative and has a strong management team which our students take a lead role in,” Camp said. “The advent of their products would allow smaller hospitals to perform these surgeries in-house and create more business for themselves rather than giving it to larger facilities.”

Second place finisher, American Bio-Energy, Inc., of Lewis Center, hopes to start producing bio-diesel fuel as an alternative to gasoline at a production facility near London, Ohio. Food4Future, a Columbus start-up business, specializing in supplemental food additives and food products that contain a revolutionary soluble, non-digestible dietary fiber that provides substantial health benefits, finished third.

The top three finalists will share more than $130,000 in start-up funds and services. This year’s contest attracted a record of more than 60 entries, Camp said.

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P&G execs tout product innovations

Procter and Gamble CFO Clayton Daley (second from the right) and CTO G. Gilbert Cloyd (right) talk with Fisher students Dan Kurt (left) and Brian Coyne.

Entrepreneurship within a company that rings up $70 billion in sales annually may seem a bit of an oxymoron, but to remain on top, Procter and Gamble executives saw the need to stay on the edge of innovation. The company’s CFO Clayton Daley, a Fisher alum, and CTO G. Gilbert Cloyd explained how the company develops new products to stay ahead of the competition during Michael Camp’s entrepreneur class on May 17.

Daley and Cloyd, along with Procter and Gamble CEO A.G. Lafley, decide which projects to commission through the company’s Corporate Innovation Fund. Projects receive continued funding from the innovation group based on goals outlined by the panel. Generally, the company has 20 to 30 projects in development, Daley said. The effort has already produced Crest White Strips, the Swiffer product line and Iams pet health insurance.

“It’s hard to move the meter on growth potential within such a large company so we also look at the market we are breaking into, to see if it is structurally attractive with good profitability and return for stock holders,” Daley said. “You don’t know what you've got until you've get it into the consumer’s hands, there’s where the innovation and marketing comes in.”

The entrepreneurial aspect comes into play when the panel puts the project in the hands of developers and marketers that passionately advance the concept as if it where their own business, Cloyd said.

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Fisher senior wins at Denman Research Forum

Sameen Lutfi displays his research at this year's Denman Research Forum inside French Fieldhouse on May 17.

For the second straight year, a Fisher student earned top marks at the annual Denman Research Forum. Sameem Lutfi’s research abstract “Stock Returns and Foreign Investment in an Emerging Equity Market” bested 33 other abstracts to win the Business/ Behavior and Social Sciences division on May 17.

The senior, who is double-majoring in finance and risk management and insurance, was advised by Kewei Hou, assistant professor of finance.

Lutfi studied the effects of foreign portfolios and direct investments on Pakistan's primary equity market, the Karachi Stock Exchange, from 1996 to 2006. He found that foreign investments might have an impact on the overall economy, but they didn’t translate into higher returns within the equity market.

“Emerging markets are generally characterized by low levels of regulation within the business sector to attract foreign investment,” Lutfi said. “If the market were sensitive to foreign investment, the government would have to remain wary of manipulation by foreign investors in an effort to earn abnormal returns which might lead to higher regulation and lower inflow of foreign investment.”

Another Fisher student took top honors in the Agriculture and Environmental Sciences category. Tom Hagele, an honors accounting and biology major, presented research on “Mercury Activates Phospholipase D Signaling in Vascular Endothelial Cells: Mechanism of Vasculotoxicity.”

Fisher students Kristin Kroncke, Kelly Sakai and Agnes Kumala also presented their abstracts in the Business/Behavior and Social Sciences division.

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Staff members honored for years of service

Dean Joe Alutto (left) honored staff members that celebrate service milestones this year during the annual spring staff meeting on May 22. Among the honorees were (starting second from left) Cheryl Ryan, International Programs, 10 years, Rema King, Undergraduate Programs, 30 years, Arleen Robinson, Undergraduate Programs, 25 years, Susan Davis, Executive Education, 25 years, Marcie Anderson, Accounting and MIS, 25 years and Linda Miller, Undergraduate Programs, 30 years. Other Fisher staff members that celebrate milestones this year, but not pictured include, Alan James, Fiscal Office, 10 years, Darese Douglas, Career Services, 10 years and Jim Miller, Development and External Affairs, 15 years.

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Manufacturing leader challenges companies to become globally competitive

John Engler (left),president and CEO of the National Association of Manufacturers and former governor of Michigan is presented with an Ohio State hat and T-shirt during his visit on May 19 by John Dix, co-director of the Center for Operational Excellence

John Engler, president and CEO of the National Association of Manufacturers, was the keynote speaker for aprofessional development seminar hosted by The Center for Operational Excellence on May 19. The former governor of Michigan, challenged American companies to level the international playing field by reducing the high costs of energy, health care and litigation.

He encouraged the business leaders to drive innovation and productivity growth into the country’s economy. Engler stressed the importance of education, he observed that excellent U.S. jobs often go unfilled because too many young professionals do not have the basic math, science and communications skills needed to succeed in modern manufacturing.

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Fergus, Aveni to receive University's Distinguished Service Award
Fisher alums Barbara Fergus and Vincent Aveni have been selected to receive the University’s Distinguished Service Award. The award recognizes individuals who have rendered exceptional service to the university.

Fergus, a 1957 graduate of Fisher and the owner and partner of Midwestern Auto Group of Dublin, will be honored at Spring Commencement on June 11 in Ohio Stadium. Aveni, 1947 graduate of Fisher and chairman emeritus of Realty One, will receive his award at Summer Commencement on Aug. 27 in St. Johns Arena.

Fergus was nominated because of her continued involvement with business students. “Barbara helps out students by meeting with them individually or in small groups to listen and lend advice in a behind-the-scenes role,” Fisher Dean Joe Alutto wrote in her nomination.

Recently she served as the 2005 MBA pre-commencement speaker and the 2006 Graduate Woman in Business Leadership Summit as its featured speaker.

Aveni’s contributions are visible around the Fisher campus with the Aveni Media Center on the first floor of Mason Hall named after him. In addition to the physical presence, Aveni established the Dean’s Innovation Fund along with his wife, Pat, served as a committee member for the “Affirm Thy Friendship” campaign in the 1990s, and is currently a member of the MBA Housing committee and the OSU Foundation Board.

Aveni has been honored twice by Fisher as the recipient of the 1999 Pace Setters Executive Award and the college’s Lifetime Achievement Award in 2003.

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Fisher People: Kathy Zwanziger
Title: Office associate for the Management and Human Resources department as well as the Finance department

Hobbies: "When I’m not at Fisher, I’m most likely doing volunteer work at Redeemer Lutheran Church. I enjoy gardening and I’m looking forward to spending time with my two-month-old grandson, Daniel."

FisherLure: "I like working at Fisher for the opportunity it gives me to meet people from all over the world –and attending some of the CIBER presentations to learn more about other places."

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News Briefs

Greenberg honored by psychology group
Jerald Greenberg, professor of management and human resources, has received the Distinguished Scientific Contributions Award from the Society of Industrial and Organizational Psychology.

One of SIOP’s highest honors, the award was presented at the society’s annual conference in Dallas on May 2. It recognizes long-time and significant scientific advancements in the field of industrial-organizational psychology, which is the study of human behavior in the workplace.

Greenberg is a pioneer in the field of organizational justice and has demonstrated the concept of fairness to management practices. In fact, he is recognized as the leading researcher in organizational justice and nearly all scholarly articles on the subject refer to his work.

His work has clearly shown that justice issues matter deeply to employees and affect a variety of critical attitudes and behaviors. He has shown that maintaining justice in the workplace does not require large outlays of organizational resources.

Young named
journal editor
Richard Young
, director of the honors accounting program, has accepted an offer to be the next editor of the "Journal of Management Accounting Research." Young, who previously served on the journal’s editorial board, will succeed Joan Luft of Michigan State University as the editor.

Paris earns FLAS Fellowship
David Paris
, an MBA student, was awarded a prestigious Foreign Language and Area Studies Fellowship through Ohio State’s East Asian Studies Center.

This award will allow Paris to take courses in Mandarin Chinese next school year and study for a semester at Hong Kong University of Science and Technology in the fall.

The fellowship generally provides a 75 percent tuition waiver and a $15,000 stipend for the academic year. The goal of the award is to create world area specialists. Paris’ hopes to own his own transportation and shipping company in China.

MLHR team goes to Washington
A team of six MLHR students took third place in a national case competition organized by State Department in the nation’s capital. Katie Campbell, Emily Douglas, Angelia Lincoln, Ebony McKnight, Emmanuella Saint-Hubert, Beth Theiss and Laura Yeager comprised the team that made it all the way to the final round.

Gladman wins
advising award
Barb Gladman
, an advisor in the Undergraduate Programs Office, received the 2006 Outstanding Advisor Award for undergraduate students. She was honored at the annual Academic Advising Association of Ohio State award luncheon and year-end meeting on May 24.

Lahmers earns Career Services Award
Nancy Lahmers
, Honors Cohort coordinator and administrative director of the Center for Operational Excellence, received the university's 2005-2006 Career Services Award. The award recognizes university faculty and staff who support student career development and career services programming.
The annual awards are given to individuals whose official job responsibilities do not include career advising and/or job counseling. Lahmers was nominated by Pamela Park-Curry and Margie Bogenschutz, both of Fisher Career Services for her support of students in both the undergraduate and graduate programs.

Deloitte & Touche firm leader named MLHR pre-commencement speaker
Jennifer Gardner
, the Human Resources Firm Director for Deloitte & Touche’s Columbus office, will serve as the keynote at the MLHR pre-commencement ceremony on June 9 at the Blackwell.

Gardner, a Fisher MLHR alum, has been with Deloitte for 10 years and has spent the last two in her current role. Her responsibilities have included National Audit and Enterprise Risk Services (AERS) HR Program Development Leader. Prior to her time at Deloitte, Gardner worked for 10 years at Motorists Insurance Company in various management positions.

She is also involved with the Society of Human Resource Management and served as President of the Human Resources Association of Central Ohio.

News Briefs

Andrew Karolyi, professor of finance, was quoted in a May 23 story, on recent emerging markets losses. Karolyi told the magazine that double digit losses at several foreign markets isn’t a plague, but could help investors re-evaluate their chase for big returns.

Steffanie Wilk, associate professor of management and human resources, was quoted in the May 20 edition of the Columbus Dispatch on the use of bonuses by companies to retain employees. Wilk said the more unusual the bonus, including trips or tailor-made incentives, the better end result for the employer.

Jeff Rice, executive director of career services, was quoted in the May 30 edition of the Columbus Dispatch on the increase of corporate recruiters coming to campus this year. Because of a recovery in the economy, Rice said that recruiters have been visiting much later in the spring hiring cycle than usual.

Rao Unnava, assistant dean of undergraduate programs was quoted in the May 26, edition of the Cincinnati Enquirer about the opening of a trendy diner near the city’s downtown. Unnava said for the restaurant to be successful they will need more entertainment venues to open up near-by.

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