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Smith Newslink - August 2007

Dean Frank to Step Down in 2008
Howard Frank has announced that he will step down as dean of the Smith School at the end of the current academic year. Frank will leave his post June 30, 2008, to begin a sabbatical and will return to the Smith School as professor of management sciences in the fall of 2009. “I look back with great pride on what has been accomplished during my tenure as dean and I look forward to continuing to contribute to the Smith School’s growth and prosperity in the years ahead,” said Frank.  Read more »

Why Small Investors Get it Wrong
What would happen if you compared stock trades made by small retail investors to those made by large institutional investors over a 20-year period? Turns out that small investors almost never pick the winners over the long run. Soeren Hvidkjaer, assistant professor of finance, may know the reason why. Read this article, as well as other latest research from Smith faculty, in this quarter’s issue of “Leading the Digital Economy,” the Smith School’s research newsletter designed for our business and corporate partners.  Read more »

EVENTS FOR ALUMNI
Networking 101: The Art of the Schmooze
Thursday, September 6
Frank Auditorium, Van Munching Hall
6:30 - 8:30 p.m.
Are you the perfect schmoozer? What better resource to share advice on making contacts and building rapport to boost your career than our very own Smith alumni! Come and share your “schmoozing” experiences—both good and bad—with future alumni and reconnect and network with your fellow Smith alumni. Enjoy complimentary appetizers, drinks and great raffle items! Please register by September 5.

Smith Undergraduate Career Fair
Friday, September 7
10:00 a.m. to 3:00 p.m.
Hire the Smith School’s best and brightest junior and senior undergraduate students—before your competitors—by recruiting at Smith Undergraduate Career Fair. Register today!

18th Annual Smith Alumni Chapter Golf Tournament
Thursday, September 20
University of Maryland Golf Course
1:30 p.m. shotgun start
A fundraiser and networking opportunity for alumni and friends. Spend a day on the course! Proceeds support scholarships, programs and other initiatives of the school.

Alumni Mentor Program Kick-Off
Frank Auditorium, Van Munching Hall
Saturday, October 6
Open to Alumni Mentor Program participants and their families, the Kick-Off is a fun opportunity for mentors and clusters to discuss their common business industries. Call 301-405-5777 for more information.

SAVE THE DATE

M&A Case Competition
Friday, October 12
Van Munching Hall
Teams from top U.S. business schools will compete for glory and prizes in this competition that simulates an actual mergers and acquisition pitch meeting to Wall Street executives. Alumni are invited to come network, recruit, and cheer on the Smith team.
Participating schools include:
■ Carnegie Mellon University (Tepper)
■ Columbia University
■ Purdue University (Krannert)
■ University of Maryland (Smith)
■ University of Pennsylvania (Wharton)
■ University of Rochester (Simon)
■ University of Virginia (Darden)
■ Yale University

Homecoming—Maryland v. Virginia
October 19—21
Enjoy a great day with old friends at Homecoming. The Smith School will be hosting a free tailgate reception at Van Munching Hall for our alumni and their families three hours prior to the start of the game with activities for all—kids included! Tickets are free (but required).

Second Smith School CIBER Symposium
Globalization and Innovation
November 8-9
Globalization requires organizations to rethink their innovation models. Learn how to address management challenges in the search for innovation including issues with R&D, offshore sites, intellectual property, strategic partners, global networks, and other critical processes. Senior executives, top scholars and other experts in the field of globalization explore global and innovation issues at the symposium. Co-sponsorship levels: $3,000 registration fee for two participants, $2,000 registration fee for one participant. For more information about sponsorship opportunities and other information, contact Vinod Jain, Center for International Business and Education Research (CIBER) Director. 

CAREER

Take Your Career to the Next Level with an Executive MBA Degree
Learn to harness the power of technology, innovation and globalization in the Smith Executive MBA program. Our residential, alternating-weekend program fits your EMBA education into a year and a half—an 18-month investment that returns a lifetime of value. The next Executive MBA cohort is forming in November 2007. E-mail embainfo@rhsmith.umd.edu or call the program office at 301.405.9559 for more information.

New Career Services and Recruiting Tool for Alumni
The Office of Career Management is excited about the launch of HireSmith! HireSmith is replacing SOURCE as the School’s online career services and hiring platform. In addition to full-time MBA and undergraduate students, this new and improved online tool offers employers the ability to search for part-time MBA, executive MBA, executive MS, and alumni talent. Go to www.hiresmith.net for more information.

Get Your New Business Off to a Good Start!
The TiE-Smith Fellows in Entrepreneurship Program helps promising entrepreneurs significantly improve the odds of success for their early stage ventures. The program, a partnership between TiE-DC and the Smith School, provides in-depth workshops and mentoring for budding entrepreneurs who have launched their businesses but have not yet received venture funding. Cost is $2,500 for 11 sessions of workshops. Contact Asher Epstein, for more information.


Smith in the News

Economic Times (India) – Aug. 7, 2007 – Smith School Dean Howard Frank writes an article for the special “Empower” section for business managers. He discusses how technological advances and globalization have made it impossible to predict the future of business, but a solid business education can prepare leaders for the unknown. “To truly stand out in this time of extraordinary technological development, a business leader must be ready to react, to adapt, to improvise, to innovate at a faster pace than ever before,” Frank wrote.

Dow Jones – Aug. 12, 2007 – Finance professor Albert S. “Pete” Kyle is quoted in a story about the role Fannie Mae and Freddie Mac could play in bailing out the ailing mortgage market and the economy. Read more »

NPR “All Things Considered” – Aug. 10, 2007 – Business professor Peter Morici is interviewed about the Federal Reserve pumping money into the banking system to save sliding markets. Read more and listen online »

CNBC "Morning Call" – Jul. 31, 2007 – Business professor Peter Morici discusses whether Treasury Secretary Hank Paulson will make progress in China. View the video »