FISHER NEWS Sept 22, 2006
  In this issue

Former Princeton economist, MIT accounting professor among 14 new professors

Fisher rises to No. 2 spot in The Wall Street Journal/Harris rankings

Nation's first Six Sigma launched for undergrad business students

Working paper series hits the Web at SSRN.com

Quartet of alums honored at annual alumni ceremony

Fisher People: Heidi Dugger

Max M. Fisher College of Business > The Ohio State University Fisher College of Business

Scholar SpotlightFormer Princeton economist, MIT accounting professor among 14 new professors

Fisher welcomed 14 new faculty members to its ranks for the 2006-07 academic year, including economist Robert Kimmel, a former professor at Princeton University’s Department of Economics and Bendheim Center for Finance and three visiting professors. Read MoreĽ

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Fisher rises to No. 2 spot in The Wall Street Journal/Harris rankings
Fisher moved up to the No. 2 position in The Wall Street Journal/Harris Interactive regional ranking category. Last year, Fisher was ranked third in the annual survey. In its ranking of academic disciplines, the survey placed Fisher sixth overall for its operations management program.

The Wall Street Journal/Harris Interactive ranking of business schools in the categories of national, international and regional are based on a survey of 4,125 corporate recruiters who hire MBA graduates. In the regional category, 51 schools from across the country were ranked.

Recruiters rated the business schools and their MBA students on 21 attributes, including graduates’ analytical and problem-solving skills, work ethic and teamwork abilities. Schools’ core curriculum, career services office and the company’s success with past hires were also rated. The rankings include a "mass appeal" factor, which is the number of recruiters that the schools attract.

“We are extremely gratified to know corporate recruiters are impressed with Fisher students and that we are succeeding in our efforts to guarantee our graduates are entering the global marketplace with the very best business skills,” said Dean Joe Alutto. “Our move up in this highly regarded ranking, which surveys company recruiters extensively, is significant because it clearly demonstrates that our MBA program is meeting the new demands of leadership in today’s rapidly changing economy.”

The Wall Street Journal Sept. 20 article about Fisher stated: “Recruiters this year rated Ohio State students highest for their ability to work well in teams, personal ethics and integrity, and fit with the corporate culture.”

A survey respondent, Martin Murrer, a managing director at the New York investment banking firm Sagent Advisors, told the newspaper: "We have been impressed with how strong the candidates have been from a technical and analytical standpoint."

Christopher Rathsack, manager of strategy and analysis at Capital One Financial Corp., was quoted: “I find the students to be very driven."

Rathsack also praised the career-services office, according to The Journal. “He finds the career-services office unusually willing to identify a slate of MBA students who best meet his needs. At other schools, he says, ‘I feel like I'm on my own when it comes to finding the right candidates for our company.’ "

There are three ranking categories: regional, national and international. According to The Wall Street Journal, “what differentiates each ranking is the type of recruiters the schools attract.” The ratings of all 85 schools across the three rankings categories are based on how recruiters evaluated them on the same 21 attributes, as well as the recruiter's intention to return and hire a school's graduates over the next two years.


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Nation's first Six Sigma launched
for undergrad business students


From Left to Right: Peter Ward, professor of management sciences for the MBA program and co-director of Fisher's Center for Operational Excellence, Cheryl Dickerson, hospital administrator and Six Sigma Black Belt, University Hospitals; Professor Rao Unnava, Fisher's associate dean of undergraduate programs, and Margaret Pennington, director of the Lean Six Forum and Six Sigma practices for corporate partners, Center for Operational Excellence (COE).


This fall, Fisher will become the first business school in the nation to offer Six Sigma classes to undergraduate students to help them earn Green Belt certification.

Credited as a formula for success by many leading multinational corporations, Six Sigma is a lean management and process improvement program. Six Sigma training and certification is traditionally taught in MBA and executive education programs at business schools and through corporate training programs.

“Six Sigma is arguably the leading business process tool used today in the nation’s most successful corporations,” said Dean Joe Alutto. “It made perfect sense to us that Fisher would extend these essential business courses to our undergraduate students. "

Fisher juniors and seniors majoring in operations and management sciences are eligible to apply to the selective program. Students accepted into the Six Sigma course will go through the same rigorous training program as graduate students and executives. Students are required to enroll in two 10-week classes, successfully complete a project and take the Green Belt certification exam.

The first quarter is devoted to a blended-learning course, which includes four hours a week of classroom instruction along with extensive Web-based lessons and study. The second class applies lessons from the first course to assigned work projects for several Columbus area large non-profit organizations, including The Ohio State University Medical Center and the Columbus Foundation. Students will be divided into teams and will work under the supervision of a Six Sigma Black Belt.

The Six Sigma program adds to the many academic opportunities available to Fisher students to learn and work in small groups. The Six Sigma class will accept a maximum of 30 students, and in the second course, those students will work together in smaller teams.

Management Sciences Chair and Professor Peter T. Ward, a leading expert on lean management, will co-direct the program with Margaret Pennington, who manages the Lean Sigma Forum and Six Sigma practices for the corporate members of Fisher’s Center for Operational Excellence. Ward, whose primary academic responsibilities include teaching Executive Education and MBA courses, is enthusiastic about the prospect of working with undergraduate students.

“I love the passion I’ve observed in Fisher undergrads,” said Ward, who is also the research director of the Center for Operational Excellence. “I’m truly excited to give these students another opportunity to apply the management and process concepts they learn in the classroom in real world practice. At Fisher, we believe that is a key component to providing a meaningful education experience.”


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Working paper series
hits the Web at SSRN.com

Working papers and unpublished scholarly articles developed by Ohio State business faculty will be made available to the academic community when the “Fisher Working Paper Series” debuts on the Social Sciences Research Network (SSRN.com) this week.

SSRN is an organization that collects and disseminates cutting-edge, pre-publication scholarly research in a variety of disciplines including business. Last April, SSRN ranked Fisher 16th among business schools highlighting the faculty’s influential research.

The Fisher page hosted on SSRN.com will make faculty working papers available for easy download. SSRN.com will also distribute a periodic e-mail newsletter to notify network members of new research papers by Fisher faculty.

“The intellectual productivity of our faculty is extraordinary, particularly when you take into account that our professors still devote a significant amount of time to teaching and advising students,” said Dean Joe Alutto. “But what is even more impressive is the substantial impact that our faculty scholarship is having on the greater research community and its application in the business world.”

Fisher’s high placement in the SSRN ranking was based in part on the quantity of downloads of research papers from the SSRN eLibrary system. Fisher’s launch of the Working Paper Series on SSRN.com will make faculty scholarship that much more accessible to other scholars and researchers who use SSRN.

SSRN has become a leading medium for distribution of unpublished and published research in disciplines such as business, economics and law. Its value to the academy rivals many professional and research journals.

"SSRN is the most effective vehicle I know of to communicate my research to the global academic and practitioner community,” said Andrew Karolyi, professor of finance. “It also helps me keep on top of research developments elsewhere. The functionality of the service is absolutely first-class. SSRN is no longer just an optional research tool, but a necessary one.”

Visit the Fisher Working Paper Series on SSRN.com at http://www.ssrn.com/link/Fisher-College-of-Business.html

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Quartet of alums honored
at annual alumni ceremony

A quartet of outstanding Fisher alumni whose hard work has made a difference in the corporate world and the community were honored at the annual 2006 Dean’s Dinner and Alumni Awards Presentation on Sept. 15.

The honorees are: James O’Brien, chairman and CEO of Ashland Inc.; Scott Baum, vice president of operations for TLContact, Inc.; Cynthia Hilsheimer, principal and founder of SC Search Consultants LLC; and Ryan Helon, managing director of Nationwide Mutual Capital LLC.

Since 1993, the Alumni Society of the Fisher College of Business has recognized outstanding Fisher alumni, who have brought distinction to themselves and the college through their outstanding achievements as well as generously contributed time and resources to Fisher. The Alumni Society Board established awards in several categories.

James O'Brien
O’Brien is the recipient of the Distinguished Alumni Award, which recognizes an individual who has brought distinction to themselves, Fisher and The Ohio State University through professional participation, commitment and leadership. O’Brien, as chairman and CEO of Ashland Inc., has developed new initiatives to redefine the distribution business model with a goal of enhancing efficiency, increasing revenues and restoring returns for Ashland. O’Brien, who earned a bachelor's degree in accounting and finance in 1976 and an MBA in 1978 from Fisher, joined the former Ashland Chemical Company in 1976 where he succeeded in assignments of increasing responsibility in the foundry, specialty polymers and general polymers divisions. In 1994, O’Brien took on the challenging assignment of revitalizing Ashland’s branded gasoline marketing operations. A year later, he became president of Valvoline, where he successfully implemented a dynamic master brand strategy while expanding the product line into new premium products.

O’Brien is a member of the Dean’s Advisory Council at Fisher, chairman of the board of trustees for Midway College and a member of the Association of Governing Boards of Universities and Colleges. He is also on the board of directors of Humana Inc. and serves on the national board of directors of Big Brothers Big Sisters while volunteering as a big brother with Big Brothers Big Sisters of the Bluegrass.

Scott Baum
Baum received the International Service Award, which recognizes alumni for outstanding performance in international business. Baum is vice president of operations, TLContact Inc, an Internet company that provides Web sites for family and friends to build on-line communities of support around their loved ones receiving health care. He earned a bachelor's degree in labor and human resources in 1981 and graduated from the MLHR program in 1983 from Fisher. Baum has gained extensive experience in directing global functional and project teams, managing successful business turnaround and high growth environments and leading organizational change. His career has included key assignments for Johnson & Johnson in global compensation and Sheraton Hotels as director of human resources in the Middle East region. Baum has volunteered extensively in a number of community organizations, with an emphasis in helping those affected by HIV/AIDS and the homeless.

Hilsheimer received the Alumni Community Service Award in recognition of her commitment, involvement and service to the community. Hilsheimer is principal and founder of SC Search Consultants LLC, an executive search firm that serves public, private and nonprofit organizations nationwide.

Hilsheimer serves as the president of the Columbus Metropolitan Library board of trustees and works with 14 Columbus non-profit organizations including the James Cancer Hospital and Solove Research Institute Foundation, United Way of Central Ohio, Columbus Academy, New Albany Foundation and Adventures for Wish Kids – Miracles & Magic. She earned a bachelor's degree in accounting in 1979 from Fisher and was recipient of the Pace Setter award as a student.

Helon received the Young Professional Achievement Award, recognizing his early career accomplishments in business and for serving as a role model. Helon is managing director of Nationwide Mutual Capital LLC, a company he developed and co-founded. Prior to his current position, Helon, who earned a bachelor's degree in 1998 and a MBA in 2002 from Fisher, held several roles of increasing responsibility in the corporate development department at Nationwide, including project leadership and work in numerous mergers and acquisitions transactions, strategic investments, enterprise strategic and financial projects and a surplus notes issuance. He also serves on the board of directors for Choice Solutions, Skybus Airlines and Allnations Inc., serves as a board observer for BDNA Corp and is on the board of trustees of the Columbus Council on World Affairs.


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Fisher People: Heidi Dugger
Title: Administrative assistant to the chair in the Department of Management and Human Resources

Hobbies: "At home my family keeps me busy and we enjoy lots of activities in our church. Wish I had more time for reading, but audio books are great, plus I never mind the daily commute."

FisherLure: "I love working with the MHR faculty and all our students, and I truly believe in the concept of the Fisher Family. Co-workers are dear friends and we help each other get through our sometimes hectic days."

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Calendar of Events

Sept. 25
FisherServes is holding an information session for students with an interest in non-profits, community service or volunteer work from noon to 12:30 p.m. in 275 Gerlach Hall. More information is available online at http://fisherrsvp.stu dent-hub.com/.

Fisher Graduate Women in Business will hold separate information sessions for full and part-time MBA students. The meeting for full-time students will be from 12:30 to 1:30 p.m. in 365 Gerlach Hall, while the part-time meeting will be held from 5 to 6 p.m. in 365 Gerlach Hall. For more on information on the full-time meeting visit, http://fisherrsvp.student-hub .com/ or for information on the part-time meeting visit http://fisherrsvp.studenthu b. com/.

Sept. 26
Operations & Logistics Management Association will hold an information session from 12:30 to 1:30 p.m. in 365 Gerlach Hall. For more information visit http://fisher rsvp.student-hub.com/.

Don Barger, senior vice president and CFO of YRC Worldwide, will speak to MBA students and faculty as a guest of the Center for Business Performance Management from 12:30 to 1:30 p.m. in 375 Gerlach Hall. For more information visit http://fisherrsvp.student -hub.com/Event/.

Sept. 27
Fisher Board Fellows will hold its informational session from 12:30 to 1:30 p.m. in 365 Gerlach Hall. More information is available at http://fisherrsvp.student-hub .com/

The Graduate Human Resources Association will host an informational session from 12:30 to 1:30 p.m. in 275 Gerlach Hall. More information is available online at http://fisherrsvp.stu dent-hub.com/Event/.

Sept. 29.
Fisher Community Service Day will be held from 11:30 a.m. to 5 p.m. at an off-campus location. More information is available at http://fisherrsvp.student-hub .com/

Oct. 3
The MBA Marketing Association will host its orientation meeting from 12:30 to 1:30 p.m. in 315 Gerlach Hall. More information is available online at http://fisherrsvp.stu dent-hub.com/

Oct. 5
Breakout the air guns and jacks because the Shell-Ferrari Campus Pit Stop Challenge will roar back to campus. Get your pit crew together and see how fast you can change the tires on the Ferrari Formula 1 race car.

News Briefs
New MBA Web site launched
Prospective MBA students have a new stop on the Web that makes them feel like they are already studying at Fisher. The new site is loaded with an expanded number of web pages featuring over 150 profiles, photographs and quotes of students, faculty, alumni and staff. To see the new site logon to
http://fishermba.osu.edu/
.

Dean named to OSU Presidential Search Committee
Dean Joe Alutto was one of 24-members of the university community named to the search committee to find a successor for Ohio State President Karen A. Holbrook. The search committee was assembled by the unversity's Board of Trustees to develop a process and recommend a qualified candidate to the trustees.

MID finalist in FORTUNE Small Business Competition
FORTUNE Small Business announced that Minimally Invasive Devices, winner of the 2006 Fisher Business Plan Competition sponsored by Deloitte & Touche USA LLP, is one of three finalists that will compete in the fourth annual FSB Student Showdown, FORTUNE Small Businessís national business plan competition for students.

The winners will be revealed in the November issue of FORTUNE Small Business magazine. The group recently finished fourth in the Purdue University Life Sciences Business Plan Competition.

Minimally Invasive Devices (MID) is developing a suite of innovative disposable tools for improving the efficiency and quality of minimally invasive surgery.

Real estate journal ranks Fisher 3rd for research
Fisher was named the third most influential institution in real estate research, according to an article in the Fall 2006 edition of Real Estate Economics. In a previous review of intellectual output in 2002, Fisher was ranked 21st.

The placement was based on the number of articles published in three influential real estate journals as well as how heavily those article were cited from 2000-04. Of the 443 articles published in the Real Estate Economics, The Journal of Real Estate Finance and Economics and Journal of Real Estate Research during the five-year span, 51 were from Fisher researchers, which was the second highest in the study.

Golf Scramble to benefit cancer society
FisherServes will be hosting the inaugural Fisher Charity Golf Scramble starting at 11 a.m. on Oct. 6 at New Albany Country Club. The entry fee is $250 per person or $1,000 per foursome. Proceeds will benefit the Children's Leukemia division of the American Cancer Society. More information is available at http://groups.cob.ohio-sta te.edu/fserv/golf.htm


News Briefs

Oded Shenkar, professor of management and human resources, was quoted in the Sept. 18 edition of TIME Magazine on Xinhua, the News China News Agency, move to force news agencies, such as Reuters, AP and Bloomberg, to distribute content and share revenues with them.

Shenkar told the magazine with one move they managed to domesticate the highly-profitable news business and tighten state control over it as well.

Neeli Bendapudi, associate professor of marketing, had her research on the convenience store chain, Wawa, featured in the July 30 edition of The New York Times Magazine.

She told the magazine, Wawa has managed to create a cult following among customers because they provide "outstanding-employee interactions" by careful hiring and training practices. Bendapudi was also interviewed on CNBC on the same topic.

Jay Anand, associate professor of corporate strategy and international business, was quoted in the Aug. 9 edition of USA Today, on Aramark's $6.3 billion decision to go private.

Anand told the paper that investors are pouring money into private equity because they have performed at a much higher rate than the stock market.

Fisher News is published bi-weekly throughout the academic year. To submit story ideas, e-mail content and your contact information to fishernews@cob.osu.edu or use the online news submission form. The deadline for story submissions is 5 p.m. the Friday before the upcoming issue.


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