FISHER NEWS December 1, 2006
  In this issue

Dean Alutto honored for developing MBA education in China

Book-tax income profit disparity to receive closer review by IRS, says Fisher tax expert

MBA team wins “green”
case competition


Hall's research featured in new publication released at British parliamentary event

Center for Entrepreneurship announces 2007 Business Plan Competition

Fisher People: Jon Shoberg
Max M. Fisher College of Business > The Ohio State University Fisher College of Business
Dean Alutto honored for developing
MBA education in China

Fisher Dean Joseph Alutto

Dean Joe Alutto will receive an award from China’s Ministry of Education and the Asia-Pacific MBA Association honoring him as a “Prominent Figure to China’s MBA Education” for his contribution in developing the first MBA program in China. Alutto will receive the award on Dec. 9 in Beijing during a nationally televised ceremony to air on China Central T.V. (CCTV).

In 1984, Alutto, then a dean at the State University of New York-Buffalo, founded the SUNY-Buffalo-China MBA program, established through an agreement between the U.S. Department of Commerce and the State Economic Commission of the Peoples Republic of China. The two-year MBA program was based in China and also involved bringing Chinese MBA students to the United States for part of their instruction. Chinese executives in the program acquired western management techniques and learned to apply these within the context of China’s Communist society. This was the first U.S.-accredited MBA available in China and became a model for later MBA programs offered by both U.S. and Chinese universities.

“In view of Dean Alutto’s prestige and influence in the global MBA education community and his contribution to China’s MBA education, we are very honored to recognize him as a prominent figure in establishing China’s MBA education,” said Lu Ping, secretary general of China MBA Figures Selection organization and a producer for the CCTV ceremony production.

The SUNY-Buffalo-China MBA program was credited for improving business relations between the U.S. and China as graduates went to work with joint venture companies and state enterprises interested in expanding opportunities with western firms. It also served to stimulate advanced management training in China’s universities, often in conjunction with U.S. universities.

The program was funded by grants from the U.S. Department of Commerce and the Chinese government, as well as funding from U.S. and Chinese companies serving on an advisory board to the project. Chinese officials from state-run businesses and university students took classes taught by U.S. faculty at campus of the National Center for Industrial Science and Technology Management Development in Dalian, China. The students then spent a final semester at SUNY-Buffalo.

Since 1981 Alutto has been an active consultant to China on business education and he also served as a member of the U.S. Department of Commerce Advisory Board on Management Training in China. He served as a visiting faculty member at Universities in Dalian, Hangzhou and Beijing and was the honorary International Dean for Dalian University’s School of Business. In part as a result of the success of the initial program, MBA education was officially sanctioned in China in 1991 when the Ministry of Education approved establishing programs in colleges and universities across the country.

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Book-tax income profit disparity to receive closer review by IRS, says Fisher tax expert
William Raabe
The Internal Revenue Service’s computer system upgrade and a new corporate tax form will mean closer scrutiny for publicly traded companies in 2007, said William Raabe, a tax expert and a member of Fisher’s accounting faculty. The IRS will pay closer attention to the differences between how financial accounting income is reported to the Securities and Exchange Commission and taxable income is reported to the IRS.

Public companies that look successful and profitable to shareholders and the stock market, at the same time can appear to have low or negative income when it comes time to pay taxes, Raabe said.

According to the IRS, the approximate 4,200 publicly traded companies showed taxable income that was at least $160 billion less than financial accounting income for the 2004 year. This means that book income—what companies reported to Wall Street—was almost 40 percent higher than taxable income for that period, Raabe said.

“The IRS computer system is finally waking up,” Raabe said, adding that the agency now has more capacity to process a larger amount of data. Subsequently, the IRS is now requiring public companies to disclose new and more detailed information on book income. Read More

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MBA team awarded first-place
honor in “green” case competition

Fisher MBA students (from left to right) Hersh Chaturvedi, Todd Muller, Lisa Sheiring and Mike Sims are presented with an award and a check for winning the first Get Green Business Case Competition by Bill Webster, director of Economic Development for the City of Columbus.

Seeing the right type of green helped a team of Fisher MBA students take top honors at Columbus’s first Get Green Business Case Competition on Nov. 17.

The quartet of second-year MBA students, Hersh Chaturvedi, Mike Sims, Todd Muller and Lisa Sheiring, formulated the best waste management solution for event sponsor Boehringer-Ingelheim Roxane Incorporated’s (BIRI) case challenge. The team won the $3,000 top prize presented by BIRI.

The competition, which is slated to become an annual event, was organized by the Green Business Subcommittee of Columbus Mayor Michael Coleman’s Get Green Team. The subcommittee is using the event to promote green business practices in and around Columbus. The competition was open to all the master level business programs in central Ohio.

The three-day contest began on Nov. 14 when four teams received the case study which detailed the waste management problems and opportunities at BIRI. It concluded on Nov. 17 with presentations to a panel of judges that included, Harold Anderson, chief counsel of the Solid Waste Authority of Central Ohio, Craig Butler, district chief for the Ohio EPA, and Phil Green from BIRI.

Organizers hope the contest will sharpen students’ skills and encourage companies to consider environmental issues when developing competitive business models.

“The ideas generated by the teams in the competition will make a difference in the community going forward,” said Karen Hopper Wruck, associate dean for MBA Programs “Everyone on all our teams did a wonderful job of representing Fisher and The Ohio State University.”

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Hall's research featured in new publication released at British parliamentary event
Nicholas G. Hall
Anil Arya
The results of a research project co-authored by Department of Management Sciences Professor Nicholas G. Hall will be featured in a new publication, Engaging Maths, which will be released at a British parliamentary reception in London.

The research project “Mathematical Models for Rescheduling in Manufacturing Systems” was funded from July 2002 through December 2004 by the Engineering and Physical Sciences Research Council (EPSRC) of the United Kingdom.

The February reception at the House of Commons is a forum to showcase and discuss publicly funded mathematical and statistical research that has made substantial contributions to enhancing the U.K. economy and society in general. Members of Parliament, industry executives and British media will be in attendance at the reception.

“EPSRC is the major source of public funding for scientific research in the U.K., similar to the National Science Foundation in the U.S.,” said Hall. Read More »

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Center for Entrepreneurship announces
2007 Business Plan Competition

The Center for Entrepreneurship is now accepting registrations for the 2007 Fisher Business Plan Competition sponsored by Deloitte & Touche USA LLP. Individuals can access complete competition details and register their teams online at entrepreneurship.osu.edu. Registration with submission of the first conceptual business case is due on Jan. 31, 2007.

In its seventh year, the competition invites community members to develop their business ideas into a formal plan for growth and success. Teams must include at least one Ohio State student and may not have undertaken any formal startup activities, such as raising capital or selling products or services, prior to the current academic year.

“Participation in this competition has been the starting point for several new businesses in Central Ohio,” said Michael Camp, academic director, Center for Entrepreneurship. “This experience will help students understand what it takes to lay the groundwork for launching viable start-ups including what skills are necessary to pitch their business ideas and secure investment.”

Participants begin by submitting a brief conceptual business case, which clearly communicates the idea and opportunity of the project. Business experts from around the greater metropolitan Columbus area will evaluate initial submissions and choose approximately 35 teams to participate in the Business Plan round.

There will be two initial rounds. The first round winners will be announced on Feb. 14, 2007. After the second round, six to eight teams will advance to the final on May 22, where each finalist team will give an oral presentation of its plan. The top three finalists will share in more than $130,000 in start-up funds and services. The competition concludes with an awards banquet that evening.

The Center for Entrepreneurship, the graduate Entrepreneurs Association and the undergraduate Business Builders Club will host instructional programs leading up to the competition. Each team selected for the Business Plan round will also receive business plan software specialized for testing viability, assessing business needs and preparing financial projections.

Previous winners of the competition went on to achieve national recognition. The 2006 winner, Minimally Invasive Devices Inc., came in third in this year’s Fortune Small Business magazine’s business plan competition. The central Ohio company, Vertebration Inc. won the magazine’s top honor in 2004.

The 2007 competition is supported by several key organizations, including: Deloitte & Touche USA LLP; Calfee, Halter, & Griswold LLP; New Product Innovations, Inc.; TechColumbus; Fahlgren Mortine Public Relations; Pinnacle Data Systems, Inc; Commerce National Bank; Fidelity Investments and North Coast Office Furniture Services, Inc.


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Fisher People: Jon Shoberg
 
Title: Systems Developer/Engineer

Hobbies: Weight lifting, golf, automotive racing and motorcycle racing

FisherLure: "At Fisher I enjoy working with our students, faculty and staff in developing new enterprise level technical solutions."





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News Briefs
Accounting programs
ranked by journal

The Public Accounting Report, an independent newsletter of the accounting profession, released the results of its 2006 rankings of undergraduate and graduate programs. The undergraduate accounting program was ranked ninth, the master’s placed 10th and the doctoral program tied with Penn State at 18.

According to the publication, the report surveys accounting professors and department chairs across the nation to name the top 25 graduate, undergraduate and doctoral programs they believe most consistently turn out students capable of some day attaining partner status. This is the 25th year the publication has conducted the survey.


Second-year MBA student named to Academic All-American football team
Stan White, Jr., second-year MBA student, BSBA 2006, was named to ESPN, The Magazine’s first team Academic All-American football team. White, who is majoring in finance, is a starting fullback for the Buckeyes.

According to the magazine, to be eligible for the team a player must be a starter or key reserve, maintain a cumulative grade-point average of 3.20 and have reached at least a sophomore athletic and academic standing.

White’s portrait will be hung in the Woody Hayes Athletic Center, where the football team trains.

Pre-Game with Fisher
heads to Glendale

With the Buckeyes set to play for another national title on Jan. 8 in Glendale, Ariz., Pre-game with Fisher is ready for another fiesta. Faculty, staff and students are invited to the college’s pre-game reception starting three hours before kick off at the Westgate City Center, a retail center directly across from the University of Phoenix Stadium.

Admission is $50 and registrations are accepted through the Fisher Alumni and Friends online community or by calling 292-2181 until Dec. 27.

Giving Trees planted
around Fisher

The Fisher Giving Trees are up around the college as well as on the Web. This year’s collection drive will benefit Neighborhood Services, Project Open Hand and the Capital Area Humane Society. The trees are located in the Fisher Hall lobby, the Chase Graduate Student Lounge, 236 Gerlach Hall, and the Undergraduate Student Lounge, 120 Schoenbaum Hall as well as the virtual tree at http://fisher.osu.edu/sac/ givingtree.

To make a donation, participants need to take an ornament from the tree and buy the specified gift. Return the unwrapped gift with the ornament attached to 120 Schoenbaum Hall or 100 Fisher Hall by Dec. 8.

Straney to judge
Hyperion case contest
Lou Straney
, executive director of the Center for Business Performance Management, has been selected as one of three judges for Hyperion Solutions' international case competition.

Straney is the only American that will be on the judging panel for the first edition of the competition. Hyperion has invited its more than 12,000 clients to submit cases that demonstrate best practices in business performance management, Straney said.

Cohorts play
Santa for pets

The undergraduate Honors Cohort class is getting into the holiday spirit for a good cause. The class has teamed with the Capital Area Humane Society to coordinate the Pet Photos with Santa project to benefit the organization.

The cohorts met with the humane society leadership, and drafted an operational plan, created a budget, developed volunteer job descriptions and found the volunteers to staff each location for both weekends.

The photo project will take place at all four Columbus Pet People locations. Photos will be taken from 10 a.m. to 4 p.m. on Dec. 2 at the Upper Arlington location, 2830 Fishinger Road, from noon to 4 p.m. on Dec. 3 at the Gahanna location, 1340 Stoneridge Drive, from 10 a.m. to 4 p.m. on Dec. 9 at the Pickerington location, 1023 Hill Road North and from noon to 4 p.m. on Dec. 10 at the Dublin location, 6715 Perimeter Drive.
A pair of five-by-seven inch photos is $20 and the photos can be saved onto a compact disc for an additional $5.

Pace Setters
nominations due Dec. 8

Nominations for this year's student Pace Setter Awards, the college’s top honor, are due Dec 8. Recipients of the annual award represent the college’s top two percent of undergraduate and graduate students.

Faculty and staff can submit undergraduate nominations to Jay Yutzey in 120Q Shoenbaum Hall and graduate nominations to David Smith in 100 Gerlach Hall. Nomination forms are available from Yutzey.


News Briefs

Joe Alutto, Dean, was ranked as Greater Columbus’ fourth most active director by Business First of Columbus in the Nov. 24 edition. The ranking was determined by Alutto's numerous memberships on public company boards.

Andrew Karolyi, professor of finance, was quoted in a Nov. 28 The Wall Street Journal article about the apprehension investors have had with foreign companies listed on United States stock markets.

Karolyi told the paper that in his own research he has been unable to relate a change in the cross-listing premium to corporate governance.

Bob Leone, professor of marketing, was quoted in a Nov. 17 Bloomberg wire story about the economic impact of Ohio State’s football game against Michigan.

Leone told the news service the game provided a merchandising heaven for local retailers and grocers joining in on Buckeye fever.

Peter Ward, professor of operations management, was quoted in a Nov. 11 The (Toledo) Blade article about Dana Corporation’s attempt to renegotiate contracts with American automakers to increase revenue as it emerges from bankruptcy protection.

Ward said that Dana needs to close and consolidate plants because their customers are scaling back production.


   

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