Friday, March 28, 2008

Seller beware: Research shows that ethical behavior matters to consumers and economy.

John Tsalikis
John Tsalikis

Caveat emptor. That familiar caution, “let the buyer beware,” deals with only half of the buyer-seller equation.

“Consumers and businesses enter into a relationship based on trust,” said John Tsalikis, BMI associate professor of marketing in the College of Business Administration. “If companies break that trust, their businesses—and ultimately, the economy—will suffer.”

Tsalikis, who has researched business ethics for twenty years, took note of the Enron scandal and decided to measure how people think about the ethical treatment they receive from businesses. Although there are indices of consumer confidence and many company-specific customer satisfaction surveys, no one else was zeroing in on ethics.

“We can’t confuse ethics with satisfaction,” he said. “If a company sells you a faulty part or provides poor service but they make it right, that behavior is not unethical.”



“We can’t confuse ethics with satisfaction.”

John Tsalikis, BMI associate professor of marketing in the College of Business Administration


He and Bruce Seaton, associate professor, Department of Marketing, developed a short survey—the Business Ethics Index (BEI)—which has been conducted with 1,000 phone respondents each year since 2004. Data from the fourth survey will be available in late April, 2008. The survey includes four questions in which respondents rank both their personal perceptions of how a business treats them and how media reports of world events, such as the Enron collapse, affect their perceptions of companies. It also includes two open-ended questions that invite participants to describe experiences they consider examples of unethical treatment.

Bruce Seaton
Bruce Seaton

After receiving the data from the next survey, Tsalikis feels there will be enough information to note trends, which he and Seaton will continue to track through future surveys.

Authors take the survey worldwide and publish results yearly.

Using local marketing companies, Tsalikis and Seaton have expanded the BEI to eighteen other countries, encountering a number of interesting challenges as they tailor the survey to country-specific issues.

“In Mexico, the word ethics didn’t translate, so the data collectors used ‘honesty,’” Tsalikis said. “In Russia, it would appear that all businesses behave ethically, but we think that respondents might have been afraid to voice their opinions over the phone.”

Each country has its own hierarchy of behaviors people consider unethical.

“We found that in the United States, by far the biggest complaint had to do with price gouging,” Tsalikis said, “whereas in China, fake products were mentioned most often.”

Tsalikis and Seaton have published their results annually in the Journal of Business Ethics, a leading publication in the management and international business fields.

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Mexican business leader reflects on banking...and what “rich” means.


Ricardo Benjamin Salinas Pliego, founder and chairman, Grupo Salinas, and founder and CEO, Grupo Elektra in Mexico.
Play video.


“If you like what you do, take some risks, and work hard, you can achieve anything.”

According to José Aldrich, managing partner, tax and legal services, Latin America tax leader–South Florida business unit, KPMG, LLP; a member of the Dean’s Council of the College of Administration; and an attendee at the first Wertheim Lecture of 2008, that message was at the core of remarks made by Ricardo Benjamin Salinas Pliego, founder and chairman, Grupo Salinas, and founder and CEO, Grupo Elektra in Mexico.

Aldrich was one of an audience of about 200 faculty, staff, students, alumni, and members of the business community who heard Salinas, included since 2002 in Forbes’ annual list of the “World’s Richest People,” speak about “Selling to the Poor: A 100-Year Success Story.”

In her introduction, Joyce J. Elam, executive dean of the business school, praised him for “his corporate social responsibility, extending the fruits of capitalism and translating his values into action,” while Florida International University President Modesto A. Maidique spoke about his journey “from a windowless office to a global leader, generating wealth and promoting values.”


Though he oversees a conglomerate spanning banks, retailing, television production and broadcast, and telecommunications, Salinas focused on banking, explaining his company’s involvement in serving low income families who have problems obtaining credit. He described his business model for banking, the challenges imposed by regulators and “do-gooders,” and the positive impact of technology on his businesses.

“We bring insurance, pension management, money transfers, savings programs, and loans to this market in ways that are very high tech and cost-efficient,” he said.

Larger message centers on positive qualities.

For all his financial success and savvy, Salinas kept returning to broader questions of character and commitment as he reflected on the importance of business regardless of the sector.


“What is it to be rich? Is it having a lot of money? It’s not like that at all.”

Ricardo Benjamin Salinas Pliego, founder and chairman, Grupo Salinas, and founder and CEO, Grupo Elektra


“What is it to be rich?” he asked. “Is it having a lot of money? It’s not like that at all. You have to be, then you have to do, then you will have...in that order. You have to be happy first; you have to do what you love, and you have to surround yourself with people with integrity, intelligence and the ability to execute.”

The lecture took place on March 5, 2008, in the Ocean Bank Auditorium in the college’s new building complex. The Herbert A. Wertheim Lecture Series has brought distinguished speakers and experts in business leadership and entrepreneurship to campus since 1993.

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Mean what you say and say what you mean: Communication skills can make or break businesses.

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James Bussey

Business letters. Emails. Instant messages. Memos. Reports. No matter what the business or industry, written communication plays a vital role in getting the job done right.

In fact, according to a recent study published by American Press International, people at work spend twenty percent of their day writing. Add to that another surprising statistic: thirty percent of that writing time is spent clarifying things that weren’t written properly the first time.

“Clearly, effective writing and communication are more important than ever—and bear a significant impact on business productivity,” said James Bussey (MBA ’99), chief of staff, Executive Dean’s Office and instructor, Executive and Professional Education (EPE) in the College of Business Administration.

Bussey points out that as a one-dimensional and linear medium, written communication does not provide the communicator with immediate signals from face responses or body language to support or contradict the message.


“We work in a world that communicates in sound bites. No one has the time for longer letters or documents. You must get your intended message across clearly and succinctly.”

James Bussey (MBA ’99), chief of staff, Executive Dean’s Office and EPE instructor


“We work in a world that communicates in sound bites. No one has the time for longer letters or documents. People need information quickly, so they can digest it, act on it, and then move on,” Bussey said. “You must get your intended message across clearly and succinctly.”

Students learn to communicate with confidence.

According to Bussey, business people in his EPE writing and presentation skills courses come from companies of all sizes and many different industries.

“Regardless of their work roles or job titles, people need to know that when it comes to hiring new employees or promoting existing ones, companies look first at their ability to communicate,” he said. “You can have a perfect GPA or have done exemplary work, but if you cannot articulate what you know in a way that others can understand, then your knowledge is of little value.”

This message hits home with EPE course participants.

“The Writing for Business course, which gave detailed explanations for writing and correcting emails, exceeded my expectations,” said Stephanie Soto, research assistant, Applied Research Center (ARC) at Florida International University.

Robert C. Galea, technical lead, Burger King Corporation, found that the Presentation Skills course helped him “overcome nervousness and learn new techniques when presenting.”

Bussey relates the story of one student who took an EPE business writing course at her boss’s urging.

“Not only did her own writing skills improve, but also she returned to her company committed to improving its entire communication culture—from the boss on down,” he said.

To learn more about EPE programs, visit: http://business.fiu.edu/epe/epe.cfm.

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Case competition benefits Disney and College of Business Administration team.


College’s team, from left: Marvin Rivas, Oscar Fajardo, Ger Kamminga, Nalene Rampersaud, and Otis Croney


Say “Disney” and listeners might recall their childhood absorption in cartoons, or agitating for a trip to Disney World or Disneyland. However, for five members of the College of Business Administration’s Professional MBA (PMBA) program, the word meant something far more serious. Over an intense weekend, they had to devise strategic business recommendations for Walt Disney World Co., noting ethical considerations, and then present their proposals to seven individuals, including four from Disney itself, at the 2008 Intercollegiate Case Competition, hosted by the University of South Florida in Tampa.

Well before the competition, which ran from February 21-23, 2008, the team—Otis Croney, Oscar Fajardo, Ger Kamminga, Nalene Rampersaud, and Marvin Rivas (BBA ’06)—practiced using cases from previous years. Three members of the winning 2007 team offered suggestions in person; a fourth, no longer in the area, sent encouragement and tips by email.


College’s team with competition judges


Ellie Browner (MS ’93, BBA ’79) assistant director, employer services, Career Management Services, was the driving force behind the college’s participation, as she has been for all five prior years.

Everyone emerges a winner.

Though a group from the University of Florida won the competition this year, members of the college’s team felt they were winners, too.



“To have to work as a team, analyze a situation, and propose a strategy under severe time pressures is a real-world experience not many people will have during their MBA studies.”

Ger Kamminga, complaint handling manager, Cordis Corporation, a Johnson & Johnson company


“To have to work as a group, analyze a situation, and propose a strategy under severe time pressures is a real-world experience not many people will have during their MBA studies,” said Kamminga, complaint handling manager, Cordis Corporation, a Johnson & Johnson company. “Presenting the results to management representatives of multinational companies and receiving direct feedback is another learning experience no presentation workshop will provide. And, the opportunity to network, meet other MBAs, and represent your university creates a great opportunity for professional and personal growth.”

“It defines how you work in teams and tests your ability to create and produce an idea that can be presented to the top management of companies,” said Rampersaud, banking center manager, Bank of America. “By the end of the weekend, it proves to be adrenaline-fueled experience that drives people to do their best to represent themselves and their university.”

Many staff and faculty members provided support during the team’s preparation. James Bussey (MBA ’99), chief of staff, Executive Dean’s Office, helped the team polish their presentation.

“They were already good when we started the session, so we focused on things that are often invisible to the presenters—consistent handoffs, voice projection, appropriate gestures and movement, and the air of confidence,” he said. “As they repeated their presentation, the more integrated, consistent, and compelling it was.”

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Women leaders and students connect at conference.


Deanne Butchey

As successful career women demonstrated at the “Women Who Lead” conference recently, they take their responsibility to female students seriously—as role models, mentors, or both.

“I had several women mentors along the way who took the time to share their journeys, and that is why it’s important for me to give back to other women,” said Maria Hernandez, executive director for the Central American Region, IBM Corp.

“Although I had excellent mentors throughout my career, there were very few role models,” said Carmen M. Perez (BBA ’82), president, FPL FiberNet. “A conference such as this one allows students to get exposed to the many different roles women play these days.”

Hernandez and Perez were among the leaders—from business, law, public health, politics, athletics, and other sectors—who showed women students the opportunities that await them. Organized by the Women’s Center at Florida International University, the conference on February 29, 2008, included panels, workshops, a speech titled “Vote, Run, Lead,” and networking. Approximately 425 students attended.


“The college has a strategic initiative around female leadership development and we want to make sure we address all constituencies.”

Joyce J. Elam, executive dean, College of Business Administration


“The college has a strategic initiative around female leadership development and we want to make sure we address all constituencies,” said Joyce J. Elam, executive dean, College of Business Administration, who moderated a panel on entrepreneurship. “We’ve run a program for high-potential women who already are established leaders and we felt it was important to have a dialogue with students to alert them to the career possibilities open to them.”


Janaé Mitchell


Deanne Butchey (PhD ’05), academic director, Advancement for Quality, moderated a panel on finance, on which Perez spoke; and Irma Becerra-Fernández, (PhD ’94), faculty director, Master of Science in Management Information Systems, moderated the IT panel on which Hernandez served.

Target audience appreciates the outreach.

Janaé Mitchell, a student in the college’s Master of International Business (MIB) program, found it “inspiring to see so many dynamic and phenomenal women making a real difference by dispelling archaic and antiquated notions about women in their respective fields.”

She also understood the importance of mentoring.

“A critical component of my professional growth and development is having someone to help me identify potential learning opportunities, widen my exposure, and provide candid feedback regarding my strengths and weaknesses,” she said.

According to Elam, “It was a natural that we participate because of our strong relationship with women in our community, including the twelve women business leaders whom Natalia Echeverría Sol, director of advancement and corporate relations, invited to participate.”


Irma Becerra-Fernández, Joyce J. Elam,
and
Deanne Butchey







Irma
Becerra-Fernández

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Global Leadership and Service Project remains a transforming experience.


One group of students in the Global Leadership and Service Project returned to Baan Rachawadee, a modern, government-sponsored complex that delivers services to people with special needs.


Reaching beyond the limits of language directly into the hearts of Thai children and having their hearts touched in return was the order of the day for participants in the Global Leadership and Service Project (GLSP)–Bangkok, now in its fourth year.

Composition of group shows global range.

The 2008 GLSP-Bangkok, which took place from March 13-24, 2008, brought 24 students from Florida International University together with two recipients of travel grants from the College of Business Administration, one from Baruch College and one from George Washington University; a student from St. Mary’s University, San Antonio, Texas; a student from Colombia, the head of the international business department at Arkansas University; Robert Hogner, associate professor, Department of Management and International Business and coordinator of the college’s Civic Engagement Initiative; and 21 students from partner university Chandrakasem Rajabaht University’s (CRU) English Club and Community Development Department.


GLSP participants formed warm relationships with each other and the orphaned kids with disabilities at Baan Rachawadee.


Activities took place at three sites: Baan Rachawadee, a modern, government-sponsored complex that delivers services to people with special needs; the Foundation for the Better Life of Children (FBLC)—a pre-school that rescues children living on the streets, and a new site: a Royal Family-sponsored community pre-school in the economically disadvantaged area of Klong Toey.

“Last year, I worked with severely disabled kids at Baan Rachawadee,” said international business major and this year’s team leader Andres Franco. “The kids this time had even more severe physical and mental disabilities, but we had an amazing connection to them.”

Each year has brought expansion to the project’s concept.


“At closing ceremonies at the three sites, tears flowed freely.”

Robert Hogner, associate professor, Department of Management and International Business and coordinator, Civic Engagement Initiative, College of Business Administration



Because of the severe nature of the kids’ disabilities, students in the GLSP weren’t able to use their prepared curriculum but did a lot of dancing and singing instead.


“At closing ceremonies at the three sites, tears flowed freely,” Hogner said. “The tears--from our students and those from CRU—reflected the happiness they felt for a task well done, their sadness at having to part ways, and their realization that the children who had been part of their lives for five days would not be there the next day.”

Although the university group has just returned, plans are already underway for the fifth GLSP-Bangkok, offered through the college’s Civic Engagement Initiative and supported by the Center for Business Education and Research (CIBER), Asian Studies, the Honors College, the college's executive dean’s office, and the Department of Management and International Business.

Among those plans is one for institutionalizing the GLSP as a full Alternative Spring Break program through the university’s Center for Leadership and Service. Also, planning with CRU has begun for “up-country” Thailand projects with multiple, but smaller teams.

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Raul Cremata (BBA ’82)

Areas of Study: Accounting and International Business

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Raul Cremata

There to Here: Cremata worked as an accountant for a developer until 2005. When the company decided to close its doors, he decided he would work at his passion: the arts. He and his wife Lourdes, seasoned world travelers and avid art collectors for the better part of their lives, decided to become curators and seek out exceptional Latin American artists in order to introduce their work in the United States.

Company: Cremata Fine Art Gallery, which opened in February, 2006, showcases the works of many of distinguished artists, including Cremata’s own. He bought 300 pieces of artwork before he opened the gallery but never intended to make the gallery his studio. Once the gallery was open, though, he decided to paint more, since he had been painting for years and had sold his paintings to art dealers with private collections.

As an Artist: His art is a reflection of Cuban–American culture and represents a unique blend of his native Cuba as influenced by his formative years in New York City.

Niche: The art pieces that Cremata sells in his gallery range from $300-$7000. Cremata saw the opportunity to buy quality art and offer extremely good prices in the Miami art market.

Most Challenging Aspect: “Running a gallery is not easy at the beginning, but you figure out how to attract people, teach young collectors about art, and develop a clientele because there is little walk-in traffic”.

Community Involvement: Cremata is president of the Calle Ocho Arts Association and participates in Viernes Culturales/Cultural Fridays, which is held the last Friday of the month to promote Latin music, art, and culture in the historic Little Havana neighborhood of Miami.

Giving back: Cremata will be donating a painting to be displayed in the new College of Business Administration Complex. It will hang near the café in Commons Hall. He also will host the finale of the Business Alumni Chapter’s Art of Networking Series April 17, 2008 at his gallery.

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2008 Entrepreneurship Hall of Fame inductees have been selected.

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Malcom Butters

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Ignacio Urbieta

The ninth annual Entrepreneurship Hall of Fame Luncheon and Induction Ceremony on Thursday, May 8, 2008, at Jungle Island will induct two alumni selected on January 25 by a panel of judges consisting of sponsors and previous honorees.

Malcolm Butters (MBA ’83), president and founder of Butters Construction & Development, will be inducted as the "Founder,” an alumnus/ae of Florida International University’s College of Business Administration who is a founder and key member of a start-up team. To receive the award, the individual must have at least five employees, have been in operation for a minimum of five years, and have had significant revenue and profit growth over the last five years.

Ignacio Urbieta (MBA ’85), chief executive officer, Urbieta Oil, will be inducted as the "Builder,” awarded to an alumnus/ae of the College of Business Administration whose company must have been in operation for a minimum of ten years and have had significant revenue and profit growth. The individual must have been instrumental in the growth of an established business.

The Entrepreneurship Hall of Fame is the college's largest alumni event each year, bringing together more than 500 alumni and other local business leaders. Please save the date—Thursday, May 8, 2008.

Register today or call 305-348-0397 for more information.

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Art of Networking series finale takes place April 17.

Join the Business Alumni Chapter for the series finale of the Art of Networking, sponsored by Progressive, at a cool and hip gallery owned by college alumnus and gallery-owner Raul Cremata.

Guest speaker Howard Shore (MBA ’96, BACC ’91) of Activate Group, Inc., will discuss the three key accelerators to a person’s success: integrity, knowledge, and network.

Complimentary wine and hors d’oeuvres will be served. Join the Chapter on Thursday, April 17, 2008, from 6:00 p.m.-8:00 p.m. at Cremata Fine Art Gallery, 1646 S.W. 8th Street, Miami, FL 33135. RSVP today. For more information, call Michelle Joubert at 305-348-0397 or joubertm@fiu.edu.

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Tuesday, March 4, 2008

Do what you love, love what you do: New tool offers ways to measure work preferences.

Irma Becerra-Fernandez
G. Ronald Gilbert

Whistle while you work...”

So sing the merry dwarfs in the Walt Disney animated feature film Snow White and the Seven Dwarfs as they go about doing their work. If only everyone could be this happy on the job.

They can learn to be—with the help of a new multidimensional work-related psychological tool, the Work Preference Indicator (WPI), developed by G. Ronald Gilbert, clinical professor, Department of Management and International Business in the College of Business Administration.

According to Gilbert, familiar psychological and work-interest assessment tools offer a one-dimensional view of a person’s work-related passions and how they translate into academic and career success.

He believes viewing multiple areas of personality in one psychological snapshot offers more valuable guidance. To that end, he has been working for nearly a decade creating and refining the WPI.

Unique tool offers insights in both academic and professional contexts.

The WPI works equally well in academic and business environments, helping students and employees pinpoint career- and work-related choices for which they are best suited. The tool sheds light on the degree to which one may find job fulfillment when working in teams, leading others, or being supervised by others. It also identifies one’s preferred manner of learning and offers insights into work values and work-interest motivations.


“The goal is to help people discover what they love to do,”

G. Ronald Gilbert, clinical professor, Department of Management and International Business, College of Business Administration


“The goal is to help people discover what they love to do,” Gilbert said. “To venture a metaphor, the WPI is not intended to add a radically new color to the career developer’s or academic counselor’s professional palette. Because it is a multidimensional tool, it provides a unique mix of colors at one time through one instrument—validly, reliably, and practically.”

WPI gains acceptance as a scientific career development tool.

According to Gilbert, the WPI has been repeatedly validated. He integrates the WPI into orientation sessions for the college’s Executive MBA and Professional MBA programs and in his professional development workshops. As WPI use expands to other countries, including Australia, the Dominican Republic, Hong Kong, Jamaica, and Malaysia, Gilbert and other faculty members gain cross-national research opportunities.

He and two colleagues, including Adriana G. McEachern, associate professor, School of Education, Florida International University’s, recently co-authored a paper about the WPI entitled “Measuring Work Preferences: A Multidimensional Tool to Enhance Career Self-Management,” published in Career Development International in January, 2008.

Additionally, in a study Gilbert conducted with Clifford Perry, associate dean for the college’s undergraduate programs and academic affairs, along with two department colleagues, Meredith Burnett, assistant professor, and Dana Farrow, professor, the WPI differentiated high and low performers among front-line production workers.

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Ribbon cutting signals that new complex is “open for business.”


Ribbon-cutting ceremony, from left: Board of Trustee member Albert E. Dotson, Sr., Executive Dean Joyce J. Elam, President Modesto A. Maidique, Mark Rosenberg, chancellor, Florida Board of Governors, and Board of Trustee member Bruce W. Hauptli.


The College of Business Administration’s new building complex officially “opened for business” on February 9, 2008, with a ribbon-cutting ceremony that drew more than 200 business and civic leaders, major donors, faculty, staff, students and alumni. The event marked an important milestone for the college in its quest to become a leader in business education.

Against the backdrop of the newly dedicated facilities—comprised of three buildings connected by external walkways and an elevated arcade—participants heard from speakers who articulated the role of the new facilities in advancing the college’s vision of educational excellence. Keynote speaker Steve Odland, chairman and chief executive officer of Office Depot, delivered remarks about leadership in challenging times that captured the attention of all who heard it.


“The dedication of the business school complex is another step toward our university’s future, a future in which we will reach new academic and research heights.”

Modesto A. Maidique, president, Florida International University


Florida International University President Modesto A. Maidique told participants that the “dedication of the business school complex is another step toward our university’s future, a future in which we will reach new academic and research heights.”


Faculty, staff, alumni and friends of the college gather on Grand Stairway to celebrate the opening of our new building complex.


He lauded Executive Dean Joyce J. Elam as the “driving force” behind a successful campaign to establish educational facilities that befit a program of learning whose standing and scholarship are on the rise.

Event showcases form and function of new complex.

The ceremony began with a continental breakfast in the Commons Courtyard, a former parking lot transformed into a sweeping communal space located at the heart of the new complex. Maidique and Elam joined university trustees in officially cutting the ribbon before the Grand Stairway that adjoins Student and Commons Halls. A nine-stop tour of the complex followed the formal program held in the 300-seat Ocean Bank Auditorium in Academic Hall.

“The event was flawless,” said Silvia Arrastia, advancement coordinator, Advancement, Alumni, and Corporate Relations. “It represented a lot of hard work on the part of staff and volunteers determined to show every aspect of what the new complex offers to students, staff, faculty, and the community.”


“I believe the new facility captures the spirit of the business school. Its dramatic design, contemporary style, innovative structure, student-friendly spaces, high-tech features, and cosmopolitan ambiance reflect the sense of community, momentum, and entrepreneurial leadership that permeates the college today.”

Joyce J. Elam, executive dean, College of Business Administration


“I believe the new facility captures the spirit of the business school,” Elam said. “Its dramatic design, contemporary style, innovative structure, student-friendly spaces, high-tech features, and cosmopolitan ambiance reflect the sense of community, momentum, and entrepreneurial leadership that permeates the college today.”

To view more highlights of the event, visit our Building Complex Fund web site.

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Forum explores how green business can make sense and cents.


More than 100 participants attended the Green Supply Chain Forum in February, 2008.


As businesses strive to remain competitive, green initiatives can make a difference. Rather than being a drawback, environmentally friendly policies can “help companies be innovative, make money, fulfill their social responsibilities, and enhance their brands,” said Hernan Vera (MBA ’90), group director, supply chain solutions marketing, Ryder System, Inc., which sponsored a daylong “Green Supply Chain Forum” at Florida International University.

The College of Business Administration’s Ryder Center for Supply Chain Management, which conducts supply chain instruction and research, and the Institute of Technology and Innovation (ITI), part of the College of Business Administration’s Eugenio Pino and Family Global Entrepreneurship Center, co-hosted the event, which attracted more than 100 attendees.


“Green supply chain management is not a fad.”

Walfried Lassar, Ryder Professor; director, Ryder Center, and chairman, Department of Marketing, College of Business Administration



Walfried Lassar, Ryder Professor; director, Ryder Center, and chairman, Department of Marketing, College of Business Administration, organized the Forum.


“Green supply chain management is not a fad,” said Forum organizer Walfried Lassar, Ryder Professor, director, Ryder Center; and chairman, Department of Marketing, College of Business Administration, a view shared by co-host Marc Resnick, ITI director.

“The growing prominence of green issues among supply chain professionals illustrates that an environmental bottom line can be both the right thing to do and a great source of innovation and cost savings,” Resnick said.

Conference brings interdisciplinary approach to examining business issues.

Though environmental tradeshows and fairs abound, this event focused on the broader business issues, looking at both the positive and negative sides of integrating green initiatives. In addition to this balanced approach, the event drew speakers from across disciplines—industry, government and regulatory agencies, consulting firms, and academia, a diversity that attendees appreciated.


Gregory Swienton, chairman and CEO, Ryder System, Inc., addressed attendees during the Forum.


Nanci Tellam, director, environmental services at Ryder, found the breadth of the presenters’ backgrounds and the use of both lectures and panel discussions helpful in enabling “participants to fully understand that they can integrate environmental mandates into a business plan and vision and what some of the difficulties are along the way.”

“Attendees came with many ideas and the willingness to share them with each other,” Resnick said, and Vera described the separate presentations and the overall impact of the day as “powerful.”

Senior Associate Dean Christos Koulamas and Gregory Swienton, chairman and CEO, Ryder System, Inc. welcomed the participants to the forum, which took place on February 7, 2008, in the Kovens Conference Center. Among other presenters, Gary Hirshberg, CEO, Stonyfield Farm, Inc. and author of Stirring It Up: How to Make Money and Save the World, gave a compelling lecture titled “Achieving Profitability through Environmentally and Socially Responsible Practices.”

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Trends in hiring: What might the future hold?


Prospective employers remained busy answering questions from students at the "Just in Time Hiring Event."


With a number of career fairs behind it this spring, including the MBA/MS “Just in Time Hiring Event” on February 15, 2008, Career Management Services (CMS) personnel in the College of Business Administration have been looking at what the possible arrival of a recession might mean for students and soon-to-be graduates seeking employment.

“At a recent MBA Focus-sponsored conference for top business schools and employers, I learned that firms are looking at undergraduates more than at MBAs,” said Barry Shiflett, director of the college’s Career Management Services office. “MBAs must have experience if they are to be competitive in today’s job market.”

Shiflett said the technology sector seems to be a steady bet, but that some cutbacks were projected to take place in investment banking, finance, and consulting.

“Permanent hires must come through a firm’s summer internship programs,” he said. “Otherwise, they won’t have a chance at many positions, as these are going to experienced candidates.”

Shiflett also noted that many companies today are not willing to risk hiring foreign nationals in the U.S. on visas. “Foreign nationals must have experience not found in U.S. candidates,” he said.

Imani Fredricks-Lowman, associate director, placement and external relations, Career Services Office, Florida International University, has not seen a decline in numbers of employers attending the university’s career fairs and campus recruitment programs, but “there has been a lot of talk in the media about a recession, and we continue to focus on career development and management so our graduates will be competitive regardless of the market.”

According to Job Outlook 2008, a report by the National Association of Colleges and Employers (NACE), at all degree levels, business graduates are among those that continue “to generate the most interest among employers.”


Recruiters like those from Caterpillar fielded questions from interested students.


“The market still looks good for service industry positions, engineering, and computer related fields,” Fredricks-Lowman said. “Many of our students look for entry-level jobs, still a strong area. Also, our many bilingual students and those with work experience have an advantage.”

According to Miguel Lantigua, UPS Human Resources Supervisor, South Florida District, the number of positions “has stayed about the same since the fall,” and Luis Almodovar (IMBA ’05), talent management specialist, Burger King Corporation, also has seen hiring stay steady.

“We’re just-in-time hiring, so we have positions opening up and closing on a consistent basis, and we see all areas within the company continuing to stay strong,” Almodovar said.

From the job seekers’ perspective, Puneet Sawhney, a student in the International MBA (IMBA) program, found a number of consulting opportunities, and Ashley Boot, an IMBA/Master of Science in Finance (MSF) student working to land a job with a bank, particularly in private wealth management, found several companies to talk to about internships.

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Generous gifts support new focus of College of Business Administration’s fundraising efforts.

Irma Becerra-Fernandez
Annabelle Rojas

The dedication of the College of Business Administration’s new building complex (CBC) on February 9, 2008, culminated years of fundraising as well as construction. Named spaces throughout CBC reflect the commitment that community leaders feel to the college and its role in providing educational opportunities, high-caliber employees, and an array of resources.

One aspect of the fundraising that ran parallel to the quest for building funds has now moved to the forefront: strengthening the college’s endowment through the Securing Our Future Fund.

Donation affords naming opportunity to Egon Zehnder International.

“The Egon Zehnder International Conference Room in the Bank of America Career Management Services Center represents the strength of our relationship with the firm,” said Annabelle Rojas (MBA ’98, BBA ’87), assistant dean, Advancement, Alumni, and Corporate Relations. “Gabriel Sanchez-Zinny, senior partner, serves on our Dean’s Council; his organization recruits from the college, and he has helped us develop connections in the community. This $20,000 donation to the Securing Our Future Fund provides the icing on the cake.”


Gabriel Sanchez-Zinny

“Over recent years, the university and the business school have progressed tremendously in serving the local community and the many international companies located in Miami, which parallels our international orientation.”

Gabriel Sanchez-Zinny, senior partner, Egon Zehnder International


“Over recent years the university and the business school have progressed tremendously in serving the local community and the many international companies located in Miami, which parallels our international orientation,” he said.”

Though the building stands as tangible evidence of the widespread support the college enjoys, donors to the endowment can attach their name to a valuable, but less tangible, entity: a named professorship or a scholarship.

Endowments protect programs and scholarships from state budget cuts and enable the college to maintain a steady flow of funding from the interest they earn. In addition, scholarships help the college attract top students drawn to the college’s acclaimed programs but who may obtain more significant financial support from other institutions.


“Like a named space, endowed professorships or endowed scholarships live forever.”

Annabelle Rojas (MBA ’98, BBA ’87), assistant dean, Advancement, Alumni, and Corporate Relations


“Like a named space, endowed professorships or endowed scholarships live forever,” Rojas said.

Growth and Excellence Fund also supports students.

Irma Becerra-Fernandez
Egon Zehnder International Conference Room


Funds designated for scholarships in the college’s Growth and Excellence fund “help us attract exceptional students, further increasing our prestige,” Rojas said. “We are very grateful to Mercantil Commercebank and Espirito Santo Bank for their recent contributions to this fund, which, over a three-year period, will provide scholarships for high-merit students applying to either the International MBA (IMBA) or the Master of International Business (MIB) in the Chapman Graduate School of Business.

Mercantil Commercebank donated $90,000 for two Mercantil Commercebank Graduate Scholarships and Espirito Santo Bank donated $45,000 to support one Espirito Santo Bank Graduate Scholarship.

“These gifts are critical to the college’s long-term strategy of increasing the value of our programs and their international recognition,” said former Chapman Graduate School of Business Dean José de la Torre. “Since we compete world wide for students in these programs, these donations will help us attract bright, top-level students who might otherwise select business schools with large endowments offering more financial help.”

Irma Becerra-Fernandez
José de la Torre

De la Torre added that the donations help the college generate internships for these students in the donor companies, enable these companies to access the college’s diverse, multinational student population, and provide evidence of the value of our programs to major international organizations.

“We now have six other firms seriously considering joining the pioneers in this scholarship program,” he added.

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Free enterprise in action: Student organization reaches out across campus and community.


Arlette Prats

Since its launch just a little more than a year ago, Students in Free Enterprise (SIFE), founded and funded by the Eugenio Pino and Family Global Entrepreneurship Center in the College of Business Administration, has made its mark. Very quickly, a team from the group took second-runner up place in its first SIFE regional competition against teams working on projects for years.

Team member Arlette Prats, a senior marketing major and a program assistant in the Pino Center, served as SIFE’s president from its inception until fall, 2007.

“Part of SIFE’s mission is to be a resource for groups that want to increase their civic engagement and to help make their projects sustainable,” she said.


“I view SIFE as an integral part of my efforts to get students more engaged in their studies and in the community around us.”

Deanne Butchey (PhD ’05), faculty director, Student Learning and Teaching Quality, Office of Academic Advancement; instructor, Department of Finance and Real Estate, College of Business Administration; and faculty advisor to SIFE



Deanne Butchey

“I view SIFE as an integral part of my efforts to get students more engaged in their studies and in the community around us,” said Deanne Butchey (PhD ’05), faculty director, Student Learning and Teaching Quality, Office of Academic Advancement; instructor, Department of Finance and Real Estate; and faculty advisor to SIFE.

She’s testing the synergy between that goal and what SIFE can offer in a larger way. The ninety students in her online offering of Financial Markets and Institutions are teaching financial literacy-related topics to the community by focusing on new immigrants and newcomers to South Florida.

Students find thrill in service and support from SIFE.


Michelle Maceo

Senior finance major Michelle Maceo is part of a group going to the Kendall Library on Saturdays to educate people about how to be better home buyers “from beginning to closing.”

“After I finished, I had an adrenalin rush,” she said. “I felt I had helped people with their futures and changed their lives.”

Two other senior finance majors in the course are members of SIFE. Sharlita Millington’s group helps students increase their financial savvy during sessions in the Student Learning Lab (CBC 106B) while Monica Kakanis’s group works at Acción in Little Havana, informing low-income people about loans.


“All of us, regardless of our major, are motivated to take what we learn in the classroom and apply it in the real world.”

Farrel Liger, incoming SIFE chapter president



Farrel Liger

Farrel Liger, incoming SIFE chapter president and a pre-med student, believes that, “All of us, regardless of our major, are motivated to take what we learn in the classroom and apply it in the real world. SIFE looks good on a résumé and it makes you feel good about reaching out and helping your community.”

Kakanis values SIFE for its commitment to keeping projects like hers ongoing.

“SIFE will help sustain our projects by providing resources like funding for flyers and posters and leadership,” Kakanis said. “It also can help set up relationships with community centers where presentations will be welcomed.”

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Alumnus Profile: Juan Manuel Pereyra-Murray (MIB ’07)


Juan Manuel Pereyra-Murray

Degree Earned: Master of International Business

Undergraduate Degree: Bachelor in Business Economics from the Universidad Torcuato Ditella in Buenos Aires, Argentina

Current Employer: Citi Group

Title: Business Intelligence Analyst, Global Transaction Services, Latin America Region

Current Job Responsibilities: Member of business intelligence team, which designs information software for Latin America

There to Here: Pereyra-Murray is a native of Buenos Aires, Argentina. In 1998, he received a scholarship to play soccer at Malone College in Ohio. After playing soccer for a year, he returned to Argentina to finish his undergraduate degree. He worked for BGS Investment Group as a financial analyst. He then returned to the U.S. to enroll in the college’s Master of International Business (MIB) program. His master’s work- study project at Citi landed him his current job.

College's Influence: TheMIB program gave Pereyra-Murray a competitive edge over other applicants because of the specialized knowledge and skills he learned while in the program. The work-study project gave him the opportunity to work directly with Citi to further its international business interests. He created regional industry segment analysis and developed five-year projections for those segments in Latin America.

Most rewarding realization: “The final project was not about a grade. I really enjoyed the work and took personal responsibility for exceeding expectations.” His hard work and dedication did not go unnoticed. After graduation, he was given the opportunity to interview for a position with Citi.

Core Belief: “If you believe in yourself, you can make things happen.”

Advice for International students: “As an international student, I found there are barriers you have to pass through, but they are not impossible. An education in FIU’s College of Business Administration is a great resource for strengthening your financial and economic knowledge; it can open the door to corporate America.”

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Alumni Conference focuses on business and technology.

The Alumni Business and Technology Conference will be held on March, 27, 2008 in the College of Business Administration’s new building complex at University Park. Florida International University alumni and other business and technology professionals will meet for an afternoon of executive briefings about current trends, emerging opportunities, and issues that continue to threaten our economy in 2008.

The conference will open with a luncheon and keynote address at noon by a representative from Microsoft and will continue with the following panel sessions:

2:00-3:15pm How Governance, Risk and Compliance Overlap. Managing the New Standards and Expectations OR Creating Loyalty: E-Marketing Magic!

3:30-4:45pm Sub-prime Mortgage Meltdown: We’re Here. Now What? OR Server Virtualization: What is next in IT?

5:00-6:15pm The Dollar Crisis in the World Economy: Winners and Losers OR Entrepreneur Spotlight: Demian Bellumio Takes the Digital Entertainment Industry by Storm with Cyloop.com.

6:30-9:00 Networking Reception presented by Microsoft Corporation. X-Box and Zine give-a-ways!

The conference is $35 for alumni and $40 for non-alumni; students may attend free. The networking reception is complimentary admission.

For more information, contact Michelle Joubert, assistant director of Alumni Relations, at 305-348-0397 or joubertm@fiu.edu. Register today.

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University will honor business alumni at annual Torch Awards.


Joseph L. Caruncho and Justo L. Pozo


Each year, Florida International University’s Alumni Association (FIUAA) honors distinguished alumni and faculty member at its annual Torch Awards Gala. The Torch Awards honor the memory of Senator Ernest R. Graham, the forward-thinking champion who helped to create the university. Recipients of the award are recognized for the positive impact they have made on their profession, the community and the university.

The 2008 College of Business Administration alumni recipients of Torch Awards are Joseph L. Caruncho, Esq. (BBA ’81) and Justo L. Pozo (BBA ’80). The Community Leadership Award will be awarded to Angel Medina, Jr. (BBA ’92).

The recipients of the Distinguished Alumni Awards are selected by the university’s colleges and schools, and the Charles E. Perry Young Alumni Visionary Award, Community Leadership Award and Outstanding Faculty Member Award are selected by the Torch Awards Committee of the FIUAA. This committee is composed of alumni who represent past Torch Award recipients and the FIUAA’s Board of Directors.


Angel Medina, Jr.


President Modesto A. Maidique and William Trueba, Esq., president of the FIU Alumni Association, will honor the 2008 recipients at the 7th Annual Torch Awards Gala on Saturday, March 8, 2008, with a cocktail reception commencing at 6:30 p.m. and dinner and ceremony at 7:30 p.m. in the Graham Center Ballrooms at University Park.

Special guests will include Barry E. Johnson, president and CEO, Greater Miami Chamber of Commerce, who will serve emcee, and a special musical performance by the university’s own Alejandra Alberti, a 2007 Latin Grammy Nominee.

The gala not only honors the outstanding recipients but also serves as a fundraiser for student scholarships.

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