ALBERTA SCHOOL of BUSINESS 20A n n u A l R e v i e w

SUSTAINability

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iNTEGRATIVE ANDREW leACH 4ALFRED SORenSen 6

iNTERNATIONAL GLOBAL OPPORTuniTieS 10GLOBAL ReCOGniTiOn 12

iV PILLARSBCOM And MBA 14DEPARTMENTS 16APPLIED ReSeARCH 18EXECUTIVE And PHD 20

iNNOVATIVEFINANCIAL TiMeS 24FACULTY MileSTOneS 27 iNSPIRATIONALEXCELLENCE 30ENGAGEMENT 32FINANCIALS 37FOUNDATION 40FOUNDERS 41

we Seek TO be ReCOGnized THROuGH OuR

teaching and research AS AMOnG THe

top 1 percent Of full-SeRviCe, POliCy-SHAPinG

buSineSS SCHOOlS GlObAlly.

sUstainaBiLitY

THe CAPACiTy TO enduRe

aLBerta schooL oF BUsiness

univeRSiTy Of AlbeRTA

THe CAPACiTy TO exCel

istrengthsOUR in appreciation of the interdisciplinary business education he received which helped fuel a

25-year career in the global energy sector, alumnus Alfred Sorensen donated $5 million.

interdiscipLinarY

One would be hard pressed to find a

more interdisciplinary faculty than the

Alberta School of business. business is

interdisciplinary by definition encompassing

the study of accounting, finance, marketing

and strategy. Our 20,000+ alumni may well

touch every industry.

And one would be hard pressed to find a

group of students or alumni more integrated

with their school or community. engagement

brings excellence.

And, in 2011, there are few faculty perhaps

who have had a more integrated year in

teaching, research, and community than

climate change policy expert Andrew Leach.

the energY chaLLenge

Andrew’s classroom highlights include:

- 2011 undergraduate professor of the year;

- champion of the newly-approved

undergraduate major in natural Resources,

energy, and the environment, and

- advisor to the student-led Commerce,

Energy and Environment Group (CEEG).

STUDENTS, SPONSORS, SUPPORT

The CeeG hosted the inaugural Alberta Energy

Challenge business case competition in 2010.

The Alberta team placed first and third

in 2011, drawing teams from Oklahoma, Penn

State, and berkeley, and drawing support from

lead sponsors Suncor Energy, Cenovus Energy

and the Certified Management Accountants.

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andrew leACH: TENURE, TEACHING, TWITTER

newly-promoted Associate Professor Andrew Leach’s area of research is environmental economics – his passion is climate change. “Would Hotelling Kill the Electric Car?” was the intriguing question and title of his co-authored paper with Canada Research Chair Ujjayant Chakravorty – contributing to the research area for which Andrew was also awarded tenure. for Andrew, excellence in research also translates into excellence in the classroom, in the community, and in cyberspace.

Community accolades include being featured in Alberta Venture magazine as one of Alberta’s next ten most influential people, being a regular contributor to Alberta Oil magazine, and a recent Edmonton Journal profile which began: “during the most recent federal election campaign, you may have heard a thoughtful, well-spoken, politically neutral, and, best of all, marvelously well-informed man on the radio – in english and in French – talking about the oil sands. a man who knows precisely what he’s talking about, is not an arrogant political operative or furious environmentalist, and is one of the most engaging, most curious edmontonians on twitter.”

inspired by his ever-popular teaching blog, Andrew launched his own public blog that is frequently picked up by the on-line Globe and Mail’s best economy reads, and which was referred to in the New York Times as “a great blog on energy, climate and oil sands that has the best blog name i’ve seen in a long time – rescuing the Frog. his twitter followers stand at 2,000 and are growing daily.”

Andrew Leach

Alberta Energy Challenge:Joeti lall, delegate; fiona Jones, Suncor;

Andrew leach, faculty advisor; Stephanie Stiles, AeC Chair; kathy Scales, Suncor

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exceLLence IN THE ClAssRoom The Alberta School of Business congratulates four faculty recognized as the best of 2011:

At this year’s graduation banquets, bComs honoured Andrew Leach (energy) with the Mackenzie Teaching Award and Loretta Amerongen (accounting) with the Mackenzie CAAST/Sessional Teaching Award; MbAs awarded professors Robert Fisher, Alberta School of business Professorship (marketing) for first year excellence, and Roy Suddaby, eric Geddes Professor of business (strategy) with the second-year teaching award.

and on THE FIEld:

loretta, the 2010 Alberta Athletics Masters female Track and field Athlete of the year, was also recognized as a fellow by the Chartered Accountants of Alberta, and received her third Chartered Accountants education foundation of Alberta Teaching excellence Award.

pUBLic PolICY sHAPINGWEsTERN CENTRE FoR ECoNomIC REsEARCH Professor emeritus Ted Chambers was inducted into the department of economics Graduate Hall of fame at the university of nebraska-lincoln in honour of his lifetime achievement and accomplishments in the field of economics over the last fifty years. “this honour is more than fitting for someone who has made tremendous strides in shaping and leading our school, but also in the field of economics, for more than five decades,” said Mike Percy. “even at this juncture, he is still dedicatedly involved with the western centre for economic research (wcer). we congratulate him on this major achievement.”

Jason Brisbois is the director of wCeR and Professor emeritus Rolf Mirus is the Cn executive Professor of Canada-uS Trade Relations.

The wCeR sponsored five CN Canada-US Trade Relations Forums:Globalization, Geopolitics, and the Shifting Sands of Trade PolicyShould Canada, Mexico, and the United States Replace Two Dysfunctional Bilateral Relationships with a North American Community?Canada-India: The Future of Business and Global PoliticsCanada’s International Trade Agenda: Alberta’s Interest and InfluenceCanada’s Climate Change Policy

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execUtiVes IN THE ClAssRoom Guest speakers add an important dimension to the teaching and educational equation and are strongly encouraged and supported. formalized programs include MbA forums and an MbA international Speaker Series as well as executives-in-Residence who may stay for one day or several weeks.

An annual MbA forum highlight is the closed session with the School’s Canadian business leader Award recipient who in 2011 was Darren Entwistle of TeluS. Students were in awe of his candour and appreciative of a surprise gift – a TeluS product of their choice!

Alumnus Alfred Sorensen is the longest-serving executive-in-residence, serving two weeks in October 2010 and returning again in 2011. “part of giving back is to share experiences,” Alfred said. “You need to show that theoretical knowledge can turn into practical knowledge. it helps students see that being here is worth something.”

aLFred SORenSen:EXECUTIVE, PHIlANTHRoPIsT, AdVIsoR

in appreciation of the interdisciplinary business education he received which helped fuel a successful 25-year career in the global energy sector, edmonton-native and Calgary-based Alfred Sorensen, ’83 bCom, generously donated $5 million to his alma mater.

THe AlfRed SORenSen CHAiR in eneRGy, enviROnMenTAl And

RePuTATiOnAl RiSk MAnAGeMenT will AllOw THe SCHOOl TO

ReCRuiT A GlObAl leAdeR in THe field.

THe AlfRed SORenSen GlObAl exPeRienCe fund will enCOuRAGe

And enHAnCe STudenT inTeRnATiOnAl exCHAnGeS, STudy TOuRS

AbROAd, And GlObAl inTeRnSHiP POSiTiOnS.

“i am a strong believer in the value to our society of public education and how it can be used to improve the world we live in, and, to that end, it must and needs to be supported by those who have greatly benefited from its existence,” shared Alfred.

Alfred is also a member of the Alberta School of business’ 33-member business Advisory Council.

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externaLLY INTEGRATEdThe Alberta School of business has as one of its goals to communicate and collaborate with the business community, our alumni, our government and our university. This is a continuing priority for executive education, for our office of external Relations – home to alumni programs and services, communications, development, and special events – as well as for eleven applied research centres with close industry linkages.

Alberta Business Family Institute

Centre for Applied Business Research in Energy and the Environment

Canadian Centre for Corporate Social Responsibility

Canadian Corporate Governance Institute

Centre for Effective Business Management of Addiction Treatment

Centre for Entrepreneurship and Family Enterprise

Centre for Excellence in Operations

Centre for International Business Studies

School of Retailing

Technology Commercialization Centre

Western Centre for Economic Research

internaLLYmoTIVATEdwe continue to be a sought after place to both learn and work, with a growing number of alumni choosing the Alberta School of business as an employer of choice. we congratulate Doug Leong, ’92 bCom, in his new position of Competitions Coordinator in the undergraduate office. in only his first year doug received the non-Academic Staff Award from the business Students’ Association, for his contributions to student life and academic achievement. we congratulate Nella Sabo, ’05 bCom, on her promotion to director of development. nella is also part of the inaugural fastTrack MbA cohort for business graduates and founding member of the Alberta School of business’ women’s network, with an ever growing passion for the not-for-profit world.

Nella Sabo

land of the Rising yen: international business Professor Rasmus Fatum gave two talks in Japan on the issue of Japan’s intervention in the foreign exchange market. His papers were then cited by the uS federal Reserve bank.i

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the French connection

Edmonton + Paris – Since the dual degree

program began in 2005, 20 MbA students

have participated from edHeC, and five from

the university of Alberta. The program takes

two intensive years to complete – one year

in Paris and one year in edmonton – and

students earn degrees from both institutions.

French Petroleum Institute – A new

opportunity to study in france was very much

appreciated by 2011 MbA graduate david

bartelme, who is now a Staff economist in the

new venture development group within the

upstream business of Shell in Houston, Texas.

an Update From daVid:

First – the Natural Resource Energy and

Environment specialization was the key on

helping me get here, providing a strong technical

grounding balanced with soft skills.

Second – I took advantage of the opportunities

that were offered. Namely I attended countless

talks, took part in four case competitions, and

went on an exchange to France. I cast my net

wide and took in as much information as possible.

I found that the U of A offered so much that it

exhausted me far before I exhausted its resources.

Third – my experience at the French Petroleum

Institute turned out to be four months of

preparation for my current role. I don’t have

enough good things to say about this exchange.

Thank you for caring for the students’ education.

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gLoBaL OPPORTuniTieS RECRUITmENT ANd sTUdENT EXCHANGEs

Our net is wide and welcoming to both recruiting the best and brightest faculty and students from throughout the world. An international background and perspective for many of our faculty and opportunities for joint research and conference participation only adds to the classroom experience as does a diverse student body of experiences.

The School has significant international presence: forty-eight faculty members have passports from outside Canada and are drawn from top business schools. The international breakdown in our programs include: 15% – undergraduate; 40% – MbA, and 70% – Phd, which is consistent with global trends in highly-ranked Phd programs.

MbA recruitment has involved participating in MbA events in China and india. There were 1,380 international inquiries regarding the MbA program last year. The MbA program has 15 different nationalities represented. A newly reclassified position, international student specialist, in the undergraduate office is actively involved in recruitment, admission, and advising of international students. international bCom students represent 23 foreign countries.

The first student exchanges took place in 1991, twenty years ago, with the wirtschaftsuniversität (wu) in Austria and uppsala university in Sweden. The number of students who have taken advantage of the School’s international exchange programs has increased almost threefold between 2000 and 2011 from 33 to 84. This increase was accompanied by a rise in the number of incoming exchange students from our foreign partners from 61 to 89 during the same period.

Overall, the School accounts for 25% of the total outgoing and 34% of total incoming students at the University, making it the most internationally-oriented Faculty on campus. Presently, there are 37 exchange partners including 17 in europe, 14 in Asia, and six in the Americas. exchanges are also supported by the student-run business exchange Association.

New exchanges in 2011 include:fudan university (China); Mannheim university (Germany); university of Petroleum & energy Studies (india); university of Torino (italy); Chonnam national university, kangwon national university, Hanyang university (korea); and Ozyegin university (Turkey).

Rasmus’ colleague Barry Scholnick is joined by five MbA students from Paris: virya lim, Guillaume delia, issabelle Abbo, Aline fanget, eline de lazzer

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stUdY ToURs international study tours were introduced in 2005 as an alternative vehicle for students, particularly MbAs, to acquire an international experience. The majority of participants are MbA students who find the shorter time frame of the tours more compatible with their personal requirements. The number of study tours has increased over the years from one in 2005 to six in 2011, one to Germany (family business), one each to norway and Colombia (energy) and three to China (bCom, MbA, eMbA), with 27 participants in 2005 to 100 in 2011. Plans are underway to offer a new study tour to brazil.

internships ANd ComPETITIoNsinternational internships and case competitions both provide real-life experience in an international context. international internships also continue to grow with four students participating in 2005 to 13 in 2011. An additional eight students had international co-op placements in beijing, Hong kong, Shanghai, Singapore, and washington. business students also continue to lead, and are active with, AieSeC’s Global internship Program.

Students in 2011 also excelled in several case competitions including winning the international John Molson Strategy Case Competition, being top undergraduate team at the Rotman international Case Competition, making the final four in the CfA institute’s Global investment Research Challenge in Omaha, nebraska, and and will be returning to the Citi international Case Competition in Hong kong. Students also participated in an online simulation hosted by Stockholm School of economics, and Riga, latvia.

speciaLiZationsA majority of the students participating in exchanges and study tours are complementing their studies in specialized international programs.

Along with the MBA specialization in International Business, we offer three double degree programs with: EDHEC in Paris, France WHU Koblenz in GermanyNagoya University in Japan

The undergraduate program offers four relevant international majors:

International Business European StudiesLatin American Studies East Asian Studies

The Alberta Bilingual BCom, created in 1998, also draws students from around the world to take advantage of this unique offering in collaboration with Campus Saint Jean.

There are presently 125 students registered in these undergraduate programs.

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The Alberta School of business has once again maintained accreditation status from the AACSb international – the premier global accreditation body for business schools.

first accredited in 1968, the Alberta School of business was the first business school in Canada to receive AACSb accreditation.

AACSb accreditation is the hallmark of excellence in business education and has been earned by less than five percent of the world’s business schools. Today, there are 607 business schools, in 38 countries that are members of the AACSb including 36 Canadian schools. Of the 36 Canadian business schools 18 are now accredited with the university of victoria receiving their initial accreditation this year.

Achieving accreditation is a process of rigorous internal and external review, evaluation, and adjustment and can take several years to complete. Schools need to apply to maintain their accreditation every five years.

The Alberta School of business hosted a three-member peer review team in november with the official announcement received on January 17 in which the School was commended on the following strengths and effective practices:

• Student satisfaction levels are exemplary due to high-quality teaching and extensive opportunities for engagement with faculty and the business community.

• The depth of resources available to support faculty research and students is very extensive. the external community was aware and laudatory about the research emphasis.

• Centres of applied research are vibrant providing a primary bridge to the community and a path to fulfilling the policy element of the mission.

• The School has achieved a high level of connectedness to alumni and the broader business community. the Business advisory council is active, supportive, and engaged, and alumni are proud and involved.

• Congratulations! the school is remarkably successful. having developed world-class business research and education is important for alberta and canada.

gLoBaL ReCOGniTiOn - AACSb FIRsT ANd loNGEsT CoNTINUAllY ACCREdITEd BUsINEss sCHool IN CANAdA

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china, india, asiaEXECUTIVE TRAINING The Alberta School of business has launched an executive Master in financial Management program. The program was launched in Calgary in September 2011 and is in the final stages of approval for it to be offered at xian Jiaotong university in China in September 2012, and in Shanghai thereafter. The School has a 27-year relationship with xian Jiaotong that started in 1984 with a CidA-funded project for developing business education in China.

The School’s Centre for international business Studies (CibS) continues to be the lead in organizing and executing shorter duration, customized international training programs. This year, the Centre has seen a growth in the range of cohorts from abroad. CibS has continued to offer programs in public administration, regulatory management, and government services management for officials from China. Of particular note was a program for 20 candidates from China’s national Audit Office, who pursued a five-month program of advanced training in environmental auditing. The Centre continued to provide programs in strategic management of oil and gas resources for senior petroleum managers from Asia (india) and latin America (bolivia). in partnership with other divisions of the university, we also organized technology-based education tours for directors from india (Petrotech Society), and korea (Chungnam national university).

On november 9, 2010, Katherine Tsang, ’78 bCom, Chairperson for Greater China at Standard Chartered bank, a leading united kingdom-based international bank, and newest GAP board member would once again travel from Hong kong to San francisco to attend her third board meeting in less than three months. on november 10, 2010, Katherine would return to her alma mater for the first time in 32 years to give the eldon Foote Lecture in international Business entitled “Playing it Right in China: Navigating Asia’s New Business Landscape.” On november 11, 2010, GAP inc., operator of more than 3,000 clothing shops, would open its first store in China and begin on-line sales to tap the country’s almost 400 million internet users.

BacheLor Of COMMeRCe FLexiBiLitY, responsiBiLitY, gUidance

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aLBerta Bcom degreesBachelor of commerceBachelor of commerce after degreeBachelor of commerce co-op educationBachelor of commerce honoursBilingual Bachelor of commerce

aLBerta Bcom maJors

in order of enrolment:

accountingFinancemarketingBusiness economics and Lawhuman resourcesmanagement and organizationinternational BusinessBusiness studiesentrepreneurshipmanagement information systemsoperations managementeast asian studiesNEW - natural resources, energy and

the environmentretailingLatin american studieseuropean studies

The undergraduate program in business continues to be academically challenging and provides students with exceptional opportunities for student engagement.

• We continue to attract highly-qualified domestic and international students – 848 new students with a mean gpa of 3.4.

• We continue to impress – 97% overall satisfaction – from our annual survey representing a student body of 2,025.

• We continue to place students well – 83% three-month placement – for our 694 2010/11 graduates assisted by 1,094 job postings in our Business career services office. an increase of 37% from the previous year.

• We continue to be inspired by our students’ participation and leadership with over 20 student clubs, 16 external and five internal case competitions, and 37 international exchange partners, which are highlighted throughout the report.

VAlUE + one pLUs threeThe Alberta bCom, a one plus three program, is unique in Canada, in that entry into business happens in year two, allowing students to build upon their first year of arts or sciences, and provides each student with the flexibility, responsibility and guidance to build his or her own package of human capital. Students also take their first year of business courses in cohort groups of 70 students who will take all their core classes together.

FlEXIBIlITY + core pLUs moreOur program opens with a small core that provides necessary elements for a bCom plus sufficient introductory knowledge to pursue one of five degree programs and choose one of 16 majors. each major has required elements but, generally, students have the flexibility to develop their focus within the major.

master Of buSineSS AdMiniSTRATiOnFasttracK, phYsicians, Finance

The Alberta MbA mission is to be globally recognized as a leading business school: to attract and retain the best qualified diverse MbA students; to deliver exceptional general and specialized business education through excellent research-informed teaching; to prepare students for the global economy; and to graduate high-quality MbA students and place them well. in 2010/11, we congratulated 146 graduates. Their three-month placement rate is 84%. The Alberta MbA offers five MbA delivery options with healthy 2011 enrolments: full time (65), part time (44), executive (21), fort McMurray (33) and NEW, in 2010, FastTrack, a unique one-year option for students with undergraduate business degrees (35). we now manage close to 500 students at the MbA level. Currently, there are five combined degree options: MbAJd (law), MbA/Meng (engineering), MbA/Mf (forestry), MbA/MAg (Agriculture), and NEW, in 2011, MBA/MD. There are also five specializations: finance, natural Resources energy and the environment, Technology Commercialization, international business, Public Policy and Management, and NEW, in 2011, one stream in Sustainability.

innoVatiVe programming – mFm building on our strengths in accounting and finance our NEW Master of Financial Management (MfM) was launched at the university of Alberta Calgary Centre in Calgary in September 2011 with future expansion planned for China. The program complements the skills of individuals with a CfA or a professional accounting designation.

execUtiVe mBa – ToP 50 GloBAllY The prestigious Financial Times of London ranked the joint u of A / u of C executive MbA program 48th globally and fourth in Canada in its international rankings of 100 eMbA programs. The program outranked all Canadian schools in the “aims achieved” category, which measures the extent to which alumni fulfilled their goals or reasons for enroling in an eMbA program.

The joint Alberta/Haskayne executive MbA program is now offered in both edmonton and Calgary with a stand-alone edmonton co-hort introduced in 2007. All students in Edmonton were provided iPads this year for accessing course materials.

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accoUntingaccoUnting, operations & inFo sYstemsChair, Karim Jamal – CA distinguished Chair in Accounting

The Alberta School of business began as a School of Accountancy 95 years ago. Accounting remains a core area of study within the school and continues to be the #1 choice of major at the under-grad level where many students pursue careers in professional accounting. Obtaining professional designations at the MbA level are also available including CA, CGA, CMA, CMC, and CfA.

David Cooper – CGA Alberta Chair in Accountancy. Ray Patterson – fellow in Management information SystemsFlorin Sabac – Canada Research Chair in Accounting Theory.Tom Scott – Accounting Standards board of Canada – 1997-2011

spotLight: ETHICsJim Gaa received a national award from the CGAs for his 25 years of contribution to the profession. Jim, who holds Phds in both Philosophy and Accountancy, teaches the course “information, ethics, and Society.”

FinanceFinance & statisticaL anaLYsisChair, ViKas mehrotra – Af (Chip) Collins Professorship in finance

we continue to house one of north America’s leading departments specializing in corporate governance and corporate finance.

Randall Morck – Stephen A Jarislowsky Chair in finance Jarislowsky Fellows – Mark Huson, Aditya kaul, vikas MehrotraMark Huson – Pocklington Professorship in free enterpriseFelipe Aguerrevere – faculty fellow in financeAditya Kaul – life underwriters fellow

we would all like to recognize the valuable 30 years of service of Keltie Tolmie, department Administrator.

spotLight: GoVERNANCEuniversity Professor Randall Morck was a 2011 recipient of the (five-year) bank of Canada fellowship. “Professor Morck’s innovative research is highly relevant to the bank’s work in monetary policy and financial stability,” shared bank of Canada Governor Mark Carney.

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marKetingmarKeting, BUsiness economics, & LawChair, adam Finn – Ronald k banister Chair in business

The university of Texas-dallas released their Top 100 world Rankings of business Schools based on marketing research contribution in 2010-2011. The Alberta School of business placed 23rd globally, number one in Canada.

in addition to Marketing, business economics, and law, the department also houses the speciality areas of energy economics, Retailing, and international business. economic rigour is a strong common denominator. The department also supports several applied research centres in the School who are keenly involved in providing critical public policy and media commentary.

spotLight: ENVIRoNmENTJoseph Doucet, enbridge Professor of energy Policy, was one of twelve international experts named to the Government of Alberta panel to help create a world-class environmental monitoring system for Alberta’s oil sands.

strategYstrategic management & organiZation Chair, Yonatan resheF

Strategy, critical thinking, and leadership, are key areas of study. Our most prolific research unit, the group also provides leading research in the areas of technology commercialization and professional service firm management. entrepreneurship and family enterprise is enhanced by Jennifer Jennings, McCalla Research Professorship.

Congratulations to Professor emeritus Bob Hinings who received an honourary degree from the université de Montréal. His work in the 60s and 70s won him worldwide recognition in the fields of organizational structure, power and change. bob remains a keen researcher and continues to work with Trish Reay on healthcare.

spotLight: ClEAN TECHnew electives and new knowledge are ever evolving. developed by Dev Jennings, our francis winspear Professor of business, Clean Technology, is designed to fit within three areas of graduate study – technology development and transfer, strategy, and sustainability.

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energYa Year oF water

Canada Research Chair (Energy) – Ujjayant ChakravortyChair – International Water & Resources Economics Consortium Centre for Applied Business Research and the EnvironmentAcademic director, Joseph Doucet – executive director, Richard Dixon

Public Policy – Applied Research Projects – Student Internships Water Protection, Water Governance, Clean Air, utilitiesCity of yellowknife – Community Geothermal Heating Project

MbA – natural Resources, energy and the environment (nRee)nRee specialization celebrates ten years – 120 graduates Study tours to england and norway – 2011NEW – u of A energy Club – Oil sands visionaries’ Series NEW – nRee undergraduate majorNEW – Commerce energy and environment Group NEW – inaugural Alberta energy Challenge competition executive education – energy 101 and a three-week customized program for the universidad de los Andes – bogata, Colombia 2011 EPCOR Lecture – National Water Strategy for Canada

FamiLYa Year oF pathwaYs

Chair of Entrepreneurship and Family Enterprise – Lloyd Steier2010 Hollander Award – Leadership in Family Business

Family firms – dominant form of economic organization worldwide.

Centre for Entrepreneurship and Family Enterprisefamily enterprise Conference – 2011 wHu, Germany – 2012 u of A undergraduate Major entrepreneurship: new – next Generation ClubbCom and MbA courses including european field Trip

Cefe Student business Competition – students win three categories – Technology, family enterprise, and Open innovation. The competition featured 215 participants, nine institutions, and 84 business plan teams.

Alberta Business Family Institute – Shauna Feth – executive directorNEW – Success Story – Creating Pathways for entrepreneurial families: Rural Alberta development fund2011: 51 programs – 949 urban participants – 2,166 rural participantsbest Attended – Celebrating women’s Conference, Camrose – 475in development – Passing the Torch – The Trusted Advisor – Case, web-based and video Programs 2011 Signature Event – Edmonton and Calgary – The Stanton Family

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Finance a Year oF Firsts

Stephen A Jarislowsky Chair in Finance – Randall MorckFrontiers in Finance – Banff Invitational – Leading Minds BCOM:Gary Smith, executive ProfessorPRiMe – student-run investment fund – C$1.2 million Final Four – CfA institute’s Global investment Research Challenge, nebraskaTop undergraduate Team – Rotman international Trading CompetitionAlberta bCom – First CfA partnership in western Canada MBA:Amit Monga, executive Professor, MbA finance SpecializationFirst Place – financial executives international Case CompetitionFirst year of AiMCo internships and second AiMCo-sponsored course with visiting professor Ryan Orr – Stanford. EXECUTIVE:NEW – Masters of financial Management – CalgaryNEW – financial leadership Summit – february 2011 and October 2012institute of Corporate directors – directors education Program

2011 Princeton Lecture in Finance: William R White, OECD, Paris

retaiLing a Year oF ceLeBration

Canada Research Chair (E-Commerce) – Gerald HäublNEW – Stan Melton Chair in Real Estate – David Dale-Johnson 20 YEARS OF RETAILING EXCELLENCESchool of Retailing established 2006 Canadian institute of Retailing and Services – 1991 – 2005Academic director, Kyle Murray and executive director, Paul McElhone 20 YEARS OF HENRY SINGER AWARDSeleven former recipients return to celebrate with Heather ReismanResearch Award – Professor Adam FinnAlumni Award – Nelson Tonn, fountain Tire bCom Major and Minor – 30 students – MbA specialization proposedinternship Program – 18 students – field Trip vancouver – 9 students Career fairs, Co-op, executives in Residence, executive Round Table NEW – women in Retailing network

industry leader Partners – 27 – NEW – ATb financial, Home depot, integra Tire, london drugs, loblawSupporting Sponsors – iCSC and Retail Council of Canada

2011 Henry Singer Award: Heather Reisman, CEO, Indigo

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execUtiVe eduCATiOn 5000+ participants, 500+ daYs

Over this past year, and within an ever changing economic environment, executive education has continued working with Canadian organizations to find innovative and creative ways to ensure learning, discovery, and citizenship continue at world-class levels. we proudly remain a partner in helping private and public-sector organizations strengthen the capacity of their people, projects, and communities.

from our three locations in Alberta – Stollery executive development Centre, enterprise Square, u of A Calgary Centre – and throughout northern and western Canada, executive education has grown considerably.

we are the second largest Canadian provider of executive programs outside of Ontario (based on annual participants).

In 2004/05, we delivered 319 instructional days compared to 544 in 2010/11. Of these, our delivery locations outside of edmonton have increased from 14 days per year to 148 per year.

We have expanded from just shy of 3300 participants a year to over 5000 and have grown our annual course delivery from 26 programs to 38 programs.

Accordingly, we have added multiple new programs to our client roster including energy 101, Retail essentials Program, business in dentistry, and business leadership for Technical Professionals. we have also developed new customized programs for: McCoy Corporation, williams engineering, The Edmonton Journal, wilde & Company, SeRvuS, Jv driver, Alberta blue Cross, and more.

Executive Program: For senior executives, four two-day modules: Visioning, mission, strategy, and execution.

Post-Graduate Program: For government of alberta managers who have graduated from management development and senior & executive managers’ development programs.

Financial Leadership Summit: helping showcase our world-leading Finance faculty with speakers from deutsche Bank, standard & poor’s, and icici Bank of canada, the first summit was successfully launched to an enthusiastic group of senior financial leaders from across western canada. a second summit will be held in october 2012.

Energy Finance and Regulation: For executives within financial institutions, energy, and regulatory bodies, an energy symposium is planned for march 2012.

Corporate Social Responsibility: an executive education csr stream has also just been established with full program rollout in 2012.

21

doctor Of PHilOSOPHy intrinsic to a strong research cULtUre

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IoN

: C

oR

PoR

ATE

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IAl

REs

PoN

sIBI

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Y

Our mission is to deliver excellence in those areas of research in which the Alberta School of business seeks to excel and ensure business students are capable of conducting research and publishing in top research outlets substantial research that makes a difference in their areas of study.

The Phd program offers majors in Accounting, finance, Operations and information Systems, Marketing, and Strategic Management and Organization. in September 2010, we accepted eleven students into the program; five students were accepted in September 2011, joining an overall program size of 55 students.

The international reputation of our program resulted in eight students from overseas spending time at the School. in the summer of 2010, we created a tailored Phd summer course for 20 graduate students from the Catholic university of Milan which was repeated in 2011.

The international reputation of our program was also buoyed by the placement of fifteen students who graduated in 2010/2011 despite entering a tight labour market including: Keri Kettle (Marketing) – university of Miami; Cagri Topal (Organizational Analysis) – Middle east Technical university; Murat Usta (Marketing) – Middle east Technical university; Fang Wu (Marketing) – Shanghai university of finance and economics; and Tyler Wry (Organizational Analysis) – university of Pennsylvania (wharton School), the #1 ranked business school in the world by the Financial Times of London.

institUtionaL theorY

“the alberta school of Business has the best collection of institutional theorists in the world. i have had amazing opportunities to work with giants in my field. my research has benefited immeasurably from common projects and casual coffees with Mike Lounsbury (my supervisor), Royston Greenwood, Dev Jennings, Roy Suddaby, and David Deephouse . . . “, said tyler,

whose program focused on the commercialization of nanotechnology.

Best internationaL paper

tyler and classmate eric Zhao also won the Best international paper, and later, the Best overall paper, from the organization and management theory division of the academy of management, for “societal patriarchal logics and the emergence of microfinance organizations.” “eric is simply brilliant” shared tyler.

istyleOUR “ Academia . . . is an extension of entrepreneurship if done right. The university of Alberta does it right.”

Tyler Wry, ’11 Phd, Assistant Professor of entrepreneurship, wharton School, Pennsylvania

roYston greenwood:

Associate Dean Research, 1997 - 2011

Telus Chair in Strategic Management

during his time as Associate dean,

Royston believed that providing mentoring

opportunities that enabled established faculty

members to work with doctoral and post-

doctoral students was imperative to foster

academic excellence. An inductee of the

fellows Group of the international Academy

of Management, the world’s largest and

most prestigious academic body for the study

of management, Royston is also a visiting

professor at Oxford university where he still

spends one month per year working with

post-doctoral research students and faculty.

Royston was awarded the u of A’s highest

research award – The J Gordin kaplin Award

for excellence in Research – in 2006.

michaeL LoUnsBUrY:

Associate Dean Research, July 1, 2011

Thornton A Graham Chair

A proponent of multi-disciplinary research,

Michael is a Principal investigator at the

national institute of nanotechnology,

has an adjunct appointment with the

department of Sociology, is director of

the Technology Commercialization Centre,

and has championed the MbA technology

commercialization specialization. Joining

the School from Cornell university in 2005,

Michael soon received the u of A’s Petro-

Canada young innovator Award, and in

2010 was the first business recipient of

the u of A’s Martha Cook Piper Research

Prize – established to recognize outstanding

accomplishment and demonstrated promise

as a researcher.

24 styleOUR

FinanciaL TiMeS Author Name Article Name Journal Name

Chang, e.P.C., Chrisman, J.J., kellermanns, f.w. The relationship between prior and subsequent new venture creation in the united States: A county level analysis Journal of Business Venturing

Chen, M-J., Miller, D. The relational perspective as a business mindset: Managerial implications east and west Academy of Management Perspectives

Chua, J.H., Chrisman, J.J., kellermanns, f.w., wu, z. family involvement and new venture debt financing Journal of Business Venturing

dogan, k., Ji, Y., Mookerjee, v.S., Radhakrishnan, S. Managing the versions of a software product under variable and endogenous demand Information Systems Research

Fisher, R.J., Gregoire, y., Murray, K.B. The limited effects of power on satisfaction with joint consumption decisions Journal of Consumer Psychology

Kettle, K., Häubl, G. The signature effect: Signing influences consumption-related behaviour by priming self-identity Journal of Consumer Research

kurt, d., inman, J.J., Argo, J.J. The influence of friends on consumer spending: The role of agency-communion orientation and self-monitoring Journal of Marketing Research

LeBreton-Miller, I., Miller, D., lester, R. Stewardship or agency? A social embeddedness reconciliation of conduct and performance in public family businesses Organization Science

liu, R., Feils, D.J., Scholnick, B. why are different services outsourced to different countries? Journal of International Business Studies

Ma, Y., Ailawadi, k.l., Gauri, d.k., Grewal, d. An empirical investigation of the impact of gasoline prices on grocery shopping behavior Journal of Marketing

McLean, D. Share issuance and cash savings Journal of Financial Economics

Mehrotra, V. Angel agents: what we can (and cannot) learn from Pierre lefaucheux’s stewardship of Régie Renault Academy of Management Perspectives

Mehrotra, V., van Schaik, d., Spronk, J., Steenbeek, O. Creditor-focused corporate governance: evidence from mergers and acquisitions in Japan Journal of Financial and Quantitative Analysis

Miller, D., LeBreton-Miller, I., lester, R.H. family and lone-founder ownership and strategic behaviour: Social context, identity and institutional logics Journal of Management Studies

Miller, D., Sardais, C. Angel agents: Agency theory reconsidered Academy of Management Perspectives

Morck, R., yavuz, d., yeung, b. banking system control, capital allocation, and economy performance Journal of Financial Economics

Qi, y., Roth, L., wald, J.k. How legal environments affect the use of bond covenants Journal of International Business Studies

Suddaby, R., Hardy, C., Huy, Q.n. where are the new theories of organization: introduction to the special topic forum Academy of Management Review

Trudel, R., Murray, K.B. why didn’t i think of that? Self-regulation through selective information processing Journal of Marketing Research

westphal, J.d., Deephouse, D.L. Avoiding bad press: interpersonal influence in relations between CeOs and journalists and the

consequences for press reporting about firms and their leadership

Organization Science

wiedman, C., Scott, T., Wier, H. Transaction structuring and Canadian convertible debt Contemporary Accounting Research

Wry, T., Lounsbury, M., Glynn, M.A. legitimating nascent collective identities: Coordinating cultural entrepreneurship Organization Science

WoRld’s ToP TIER Publications List 2011 and Forthcoming

Michael Lounsbury, Alexander Hamilton Professor of business

Tyler’s former classmates and professors: Mia Raynard, evelyn

Micelotta, Michael lounsbury, Royston Greenwood, and eric zhao

25ii

Ft RAnkinGSAuthor Name Article Name Journal Name

Argo, J.J., Shiv, b. Are white lies as innocuous as we think? Journal of Consumer Research

Argo, J.J., white, k. when do consumers eat more? The role of appearance self-esteem and food packaging cues Journal of Marketing

Chrisman, J.J., Chua, J.H., Pearson, A.w., barnett, T. family involvement, family influence, and family-centred non-economic goals in small firms Entrepreneurship Theory & Practice

Cooper, D.J., Qu, S. The role of inscriptions in producing a balanced scorecard Accounting Organizations and Society

dahl, d.w., Argo, J.J., Morales, A.C. Social information in the retail environment: The importance of referent identity, product consumption, and self-esteem Journal of Consumer Research

dellaert, b., Häubl, G. Searching in choice mode: Consumer decision processes in product search with recommendations Journal of Marketing Research

di Muro, f., Murray, K.B. Arousal congruency and consumer choice Journal of Consumer Research

Ge, x., Häubl, G., Elrod, T. what to say when: influencing consumer choice by delaying the presentation of favorable information Journal of Consumer Research

Huson, M., Tian, y., Wier, H. Compensation committees' treatment of earnings components in CeOs' terminal years The Accounting Review

Jamal, K., Sunder, S. is mandated independence necessary for audit quality? Accounting Organizations and Society

Le Breton-Miller, I., Miller, D. family firms and the advantage of multi-temporality Entrepreneurship Theory & Practice

McLean, D., zhang, T., zhao, M. why does the law matter? investor protection and its effects on investment, finance, and growth Journal of Finance

Mehrotra, V., Morck, R., Shim, J., wiwattanakantang, y. Must love kill the family firm? Some exploratory evidence Entrepreneurship Theory & Practice

Miller, D. A reflection on eO research and some suggestions for the future: Miller (1983) revisited Entrepreneurship Theory & Practice

Miller, D., LeBreton-Miller Governance, social identity and entrepreneurial orientation in closely held public companies Entrepreneurship Theory & Practice

Moore, S.G. Some things are better left unsaid: How word of mouth influences the storyteller Journal of Consumer Research

Moore, S.G., neal, d.T., fitzsimons, G.J., Shiv, b. wolves in sheep's clothing: How and when hypothetical questions influence behavior Organizational Behavior and Human Decision Processes

Murray, K.B., Häubl, G. freedom of choice, ease of use, and the formation of interface preferences MIS Quarterly

Salzarulo, P., bretthauer, k.M., Cote, M.J., Schultz, K.L. The impact of variability and patient information on healthcare system performance Production & Operations Management

Schneider, T. is environmental performance a determinant of bond pricing? evidence from the uS pulp and paper and chemical industries Contemporary Accounting Research

Sethi, S., Ji, Y., kumar, Mookerjee, yeh Optimal enhancement and lifetime of software systems: A control theoretic analysis Production & Operations Management

Smets, M., Morris, T., Greenwood, R. from practice to field: A multi-level model of practice-driven institutional change Academy of Management Journal

usta, M., Häubl, G. Self-regulatory strength and consumers' relinquishment of decision control: when less effortful decisions are more resource depleting Journal of Marketing Research

white, k., Argo, J.J. when imitation doesn't flatter: The role of consumer distinctiveness in response to mimicry Journal of Consumer Research

zellweger, T.M., kellermanns, f.w., Chrisman, J.J., Chua, J.H. family control and family firm valuation by family CeOs: The importance of intentions for transgenerational control Organization Science

Author Name Article Name Journal Name

Chang, e.P.C., Chrisman, J.J., kellermanns, f.w. The relationship between prior and subsequent new venture creation in the united States: A county level analysis Journal of Business Venturing

Chen, M-J., Miller, D. The relational perspective as a business mindset: Managerial implications east and west Academy of Management Perspectives

Chua, J.H., Chrisman, J.J., kellermanns, f.w., wu, z. family involvement and new venture debt financing Journal of Business Venturing

dogan, k., Ji, Y., Mookerjee, v.S., Radhakrishnan, S. Managing the versions of a software product under variable and endogenous demand Information Systems Research

Fisher, R.J., Gregoire, y., Murray, K.B. The limited effects of power on satisfaction with joint consumption decisions Journal of Consumer Psychology

Kettle, K., Häubl, G. The signature effect: Signing influences consumption-related behaviour by priming self-identity Journal of Consumer Research

kurt, d., inman, J.J., Argo, J.J. The influence of friends on consumer spending: The role of agency-communion orientation and self-monitoring Journal of Marketing Research

LeBreton-Miller, I., Miller, D., lester, R. Stewardship or agency? A social embeddedness reconciliation of conduct and performance in public family businesses Organization Science

liu, R., Feils, D.J., Scholnick, B. why are different services outsourced to different countries? Journal of International Business Studies

Ma, Y., Ailawadi, k.l., Gauri, d.k., Grewal, d. An empirical investigation of the impact of gasoline prices on grocery shopping behavior Journal of Marketing

McLean, D. Share issuance and cash savings Journal of Financial Economics

Mehrotra, V. Angel agents: what we can (and cannot) learn from Pierre lefaucheux’s stewardship of Régie Renault Academy of Management Perspectives

Mehrotra, V., van Schaik, d., Spronk, J., Steenbeek, O. Creditor-focused corporate governance: evidence from mergers and acquisitions in Japan Journal of Financial and Quantitative Analysis

Miller, D., LeBreton-Miller, I., lester, R.H. family and lone-founder ownership and strategic behaviour: Social context, identity and institutional logics Journal of Management Studies

Miller, D., Sardais, C. Angel agents: Agency theory reconsidered Academy of Management Perspectives

Morck, R., yavuz, d., yeung, b. banking system control, capital allocation, and economy performance Journal of Financial Economics

Qi, y., Roth, L., wald, J.k. How legal environments affect the use of bond covenants Journal of International Business Studies

Suddaby, R., Hardy, C., Huy, Q.n. where are the new theories of organization: introduction to the special topic forum Academy of Management Review

Trudel, R., Murray, K.B. why didn’t i think of that? Self-regulation through selective information processing Journal of Marketing Research

westphal, J.d., Deephouse, D.L. Avoiding bad press: interpersonal influence in relations between CeOs and journalists and the

consequences for press reporting about firms and their leadership

Organization Science

wiedman, C., Scott, T., Wier, H. Transaction structuring and Canadian convertible debt Contemporary Accounting Research

Wry, T., Lounsbury, M., Glynn, M.A. legitimating nascent collective identities: Coordinating cultural entrepreneurship Organization Science

REsEARCH46th Globally 5th in Canada

26 styleOUR

How Shopping with Friends Promotes Consumer Spending

Social Information in a Retail Environment: the Importance of Referent Identity, Product Consumption, and Self-Esteem

When Imitation Doesn’t Flatter: The Role of Consumer Distinctiveness in Response to Mimicry

Are White Lies as Innocuous as We Think?

When Do Consumers Eat More? The Role of Appearance Self-Esteem and Food Packaging Cues

Jennifer received her Phd in Marketing in 2003 from the university of Manitoba. That same year, she joined the Alberta School of business as an Assistant Professor, became an Associate Professor in 2007, and was a visiting Professor at duke university in 2009. Jennifer was promoted to full professor in 2011 and now holds an endowed chair: George M Cormie Professor of business.

Congratulations to Jennifer Argo, winner of the inaugural Association for Consumer Research’s early Career Award for Contributions to Consumer Research, a new international award that honours the contributions of consumer behaviour researchers who received a Phd less than eight years ago. The criteria used to determine contributions include innovation, methodology, and the potential to substantially advance our understanding of consumer behaviour.

Jennifer’s research is focused on the relatively new areas of social influences, emotions, and social marketing, and she is quickly emerging as a leader in these areas often attracting international academic and media attention as it underlines the psychological nuances of our everyday consumer lives.

Jennifer produced five fT publications in 2011 – 14 in her career to date. Her 2011 titles include:

JenniFer ARGO: INAUGURAl AWARd FoR INNoVATIVE CoNsUmER REsEARCH

Jennifer Argo

27ii

academic

mIlEsToNEs The 2010/11 faculty evaluation Committee was pleased to announce that the following faculty were awarded tenure: STRATEGY – Michelle Inness – Phd, Queen’s university Research Areas: work and well being, workplace Aggression, workplace Safety

ENERGY – Andrew Leach – Phd, Queen’s university Research Area: environmental economics

FINANCE – David McLean – Phd, boston CollegeResearch Areas: Corporate finance, law and finance, limited Arbitrage

OPERATIONS MANAGEMENT – Ken Schultz – Phd, Cornell universityResearch Areas: behavioural issues and Operations

FINANCE – Akiko Watanabe – Phd, yale university Research Areas: Asset Pricing and Market Microstructure.

sshrc – a centraL component oF canadian innoVation

the social sciences and humanities research council is canada’s primary federal funding agency for academic research and continues to strategically support independent thinking and creative inquiry. in 2010/11, the school was awarded $750,000 for the following projects:

Michael Lounsbury – co-investigator – Royston Greenwoodgoverning nanotechnology risk: creating the nanotechnology research field.

Largest grant – $136,529 – ranked #1 of 119 applications.

Jennifer Argothe silent influencer: the impact of mannequins in a retail context

Ujjayant Chakravortydistributional impacts of biofuel mandates

Adam Finn new models for measuring multi-faceted and multi-dimensional constructs in marketing

Aditya Kaul new evidence on the determinants of mutual fund flow

Michael Maier does fair value accounting discipline markets or increase volatility and destabilize markets? co-investigators – Karim Jamal and Thomas Schneider.

Sarah Moore Linguistic mimicry in online word of mouth.

Randall Morck examination of regional brain changes occurring during cognitive choices: an fmri study utilizing an investment paradigm

Peter Popkowski Leszczyc competition between auctions: implica-tions for auction design and bidder and seller strategies. co-investigator – Yu Ma.

Joyce Tian subjective performance measures for managerial control and evaluations. co-investigator – Florin Sabac

Heather Wierwho stopped using options? co-investigator – Mark Huson.

ischoolOUR behind every leading economy is a leading business school.

behind every leading business school are leading alumni, students, faculty, and community builders.

past, present, FUtUre

Ralph Young:vice-Chair, business Advisory Councilfounder, Preservation of the name CampaignReunion Organizer, ‘71 MbA classRalph and Gay young MbA internal Case Competition

Chris Grey:President, business Alumni Association

Highlight: bAA Scholarship endowment fund

Loren Miller:President, MbA Association

Highlight: Champions, MbA Games

Kim Menard:President, business Students’ Association

Highlight: five days for the Homeless

preserVing oUr name

In 2009 we launched a $20 million Preservation of the Name campaign.

In 2010 the conclusion of the campaign was celebrated.

In 2011 our Founders Wall was unveiled.

We wanted to contribute to the legacy that Kate`s great-grandfather Alexander Rutherfod, established when he started the University of Alberta. We have a wonderful opportunity to produce world-class graduates capable of building world leading businesses, and we should do everything possible to see that we make it happen.

Founders, Terry and Kate Freeman

Alberta School of Business - University of Alberta.

ALBERTA. Always has been - Always will be.

30 schoolOUR

exceLLence sCHolARs IN ComPETITIoN

marKeting – WINNERsCanada’s next Top Ad execs – TorontoManitoba international Marketing Competition – Winnipeg Finance – CHAmPIoNsCfA institute’s Global investment Research Challenge: – Canadian Prairies Region and final four The Americas – Nebraskafirst Place – financial executives international Canada – Toronto strategY – FIRsT PlACEJohn Molson undergraduate Case Competition – Montrealfounders and winners of inaugural edge Competition – Edmonton

internationaL BUsiness – ToPs Top Canadian Team:Rotman international Trading Competition – Toronto

One of the drivers of a great business school is how well our students compete against their peers and how they are judged by industry. At the Alberta School of business, our students drive for success.

marketing students Michael Heines and Maya Cieszynska are canada’s next top ad execs and winners of two new chevrolet sonics.

Present and Future Alumni: Chris Grey, President bAA; Ralph young, vice-Chair, bAC; loren Miller, President

MbAA and kim Menard, President bSA.

31iii

weLcome to EdmoNToNU oF A WINNERs 2011 – HosTs 2012

mBa games 2011#1 in academics – FIRST OVERALL Hosted by McMaster University mBa games 2012 – INTo THE FUTUREHosted by University of Alberta – January 6 to 8

Jdc west 2011#2 in academics – FOURTH OVERALL Hosted by University of Saskatchewan Jdc west 2012 – FUElING PRodUCTIVITYHosted by University of Alberta – January 13 and 14

JDC WEST – largest BCom competition in western Canada

ceLeBrating sCHolARsHIP

Undergraduate – 178 Awards – $393,976$4,211,871 Endowed Scholarship Funds

Graduate – 64 Awards – $252,950$2,933,750 Endowed Scholarship Funds

new – RICK HYNdmAN sCHolARsHIPs The dr Richard (Rick) Hyndman MbA entrance Scholarships in energy, environment and Public Policy will be awarded annually to students entering their first year of full or part-time study in the MbA program. This award has been generously established by the friends of Rick Hyndman to recognize his impact on, and contribution to, both his profession and community. Those wishing to demonstrate their appreciation for dr Hyndman by donating to his scholarship fund may do so by contacting nella.sabo@ualberta.ca

Congratulations Students

Thank you to our Donors

MBA GAMES – largest MBA competition in all of Canada

32 schoolOUR

engagement AlUmNI ANd mENToRsHIP – sTUdENTs ANd CommUNITY

Alumni engagement is a long-standing tradition and includes support of the edmonton-based business Alumni Association (bAA), which was honoured with a 2010 nomination for best Service Club as part of national Philanthropy day. The bAA represents over 23,000 alumni with branch representation in Calgary, Ottawa, Toronto, and vancouver. Along with hosting local, provincial and national networking events, international alumni events were held in london, england; Palm Springs, San francisco, and Sonoma, California; and Paradise valley, Arizona. A steering committee has also been struck to establish a year-long campaign of events across the globe to celebrate the bAA’s 25th anniversary in 2012/13. Annual highlights include:

BAA Golf Classic – September 15, 2011 – another sell-out in support of the bAA Scholarship endowment fund.BAA Dinner – november 16, 2011 – edmonton’s balancing Act: finding the Good in Growth - A Panel discussion Mentorship – The MbA Mentorship Program celebrates its ten year anniversary in 2011 with 48 pairings between students and graduates.

Young Alumni Mentorship Program building on the success of the MbA program, a bCom Mentorship Program was established this year to help connect recent bCom grads (0 – 5 years) with more seasoned alumni (5+ years). Twenty-seven mentors have already been identified with two protégés seeking mentors in london, england, and new york and one mentor seeking a protégé in Abu dhabi. Protégés are also being sought in edmonton, Calgary, and in brampton, Ontario. Alberta School of Business Women’s Network

The Alberta School of business women’s network was also established by a distinguished and diverse group of seven from edmonton, Calgary, kelowna, and Toronto. The inaugural event, a competition entitled “Chocolate and Challenging yourself,” saw the three student winners of a video competition, selected by a national alumni committee, win a trip to vancouver to join three of the mentors for discussion, dialogue, drinks, and dessert.

33iii

good TO GReAT stUdent cLUBs

accounting club

aiesec

Business and Beyond toastmasters club

Business exchange association

Business Finance association

Business students’ association

club de commerce Bilingue

commerce energy & environment group

cooperative education students association

Five days for the homeless

human resource management club

Jdc west team alberta

management information systems club

operations management club

prime

rocky mountain Business seminar

streetlight canada

student ambassador program

students in Free enterprise

U of a marketing association

NEW - U of a technology commercialization

The MbA net impact edmonton Chapter achieved Gold chapter standing – a designation bestowed to only 13% of over 180 graduate student net impact chapters world wide – a significant achievement which was followed by the Alberta MbA being recognized by Corporate Knights magazine as in the top three business schools in Canada for training the future business workforce to adhere to principles of social responsibility. “this is an incredible achievement by our net impact group. i would point out that we are the first business school in canada to achieve this outstanding designation and it places us in the ranks of the very elite business schools globally: hec paris, northwestern, duke, michigan, and Yale,” said Roy Suddaby, Academic director of the Canadian Centre for Corporate Social Responsibility, champion of the new MbA stream in sustainability, and eldon foote Chair in law and Society. Another highlight was the performance of Melissa Creech, Marian Gayed, Lisa Hryniw, and Joanne Pattison, in the net impact Good to Great Case Competition – one of five teams shortlisted – along with berkeley, duke, Cornell, and yale – to present their cause to Jim Collins, best-selling author of Good to Great.

NET ImPACT AWARdEd Gold sTANdINGAlBERTA mBA THIRd IN CANAdA FoR CsR

34 schoolOUR

BUsiness AdviSORy COunCilJudith Athaide, bCom (Hon), MbA, Peng, iCd.dPresidentThe Cogent Group incCalgary, Alberta

Linda Banister, fCMC, CMRP, iCd.d.Presidentbanister Research & Consulting edmonton, Alberta

Court Carruthers, bCom, MbA, CMAPresident, Grainger internationalMississauga, Ontario

Marc de La BruyèreManaging directorMaclab enterprisesedmonton, Alberta

Rosemary DomeckiPresidentdomtex equities incdallas, Texas

Paul DouglasPresident and CeOPCl Constructors incedmonton, Alberta

John Ferguson, fCAChairman, Princeton ventures Chairman, Suncor energy incChancellor and Chairman emeriti of the university of Alberta board of Governors edmonton, Alberta

Robert FisherProfessorAlberta School of businessedmonton, Alberta

Karl H FunkeOwner and President of AMiG investments GmbHChairman of the board of Prueftechnik AGMunich, Germany

Brian HeideckerChair, board of Governorsuniversity of Albertaedmonton, Alberta

Gail L Harding, QC, iCd.d.Senior vice President, General Counsel, and Corporate SecretaryCanadian western bankedmonton, Alberta

Carole L Hunt, QCChief legal Counsel and Corporate SecretaryAlberta investment Management Corpedmonton, Alberta

Barry James, fCAManaging PartnerPricewaterhouseCoopers llPedmonton, Alberta

Phil LachambrePresidentPCMl Consulting incedmonton, Alberta

Michael LangChairmanStonebridge Merchant Capital Calgary, Alberta

Ruo Hong LiChairman, China world Peace foundationbeijing, China

Neil ManningPresident and CeOwajax ltdMississauga, Ontario

Gay Mitchell, iCd.ddeputy ChairmanRbC wealth ManagementToronto, Ontario

Amit Monga, Phdexecutive Professor of financeAlberta School of businessedmonton, Alberta

Dave MowatPresident and CeOATb financialedmonton, Alberta

Donald J OborowskyCeOwaiward Steel fabricators ltd.edmonton, Alberta

Roger PhillipsCorporate directorRegina, Saskatchewan

Indira SamarasekeraPresident and vice Chancelloruniversity of Albertaedmonton, Alberta

Tom Scottinterim dean and ProfessorAlberta School of businessedmonton, Alberta

Duncan SinclairManaging Partnerdeloitteedmonton, Alberta

Fred Singerexecutive ChairmanHenry Singer fashion Group ltdedmonton, Alberta

Alfred SorensenCalgary, Alberta

Don SwystunPresident, Corporate developmentCenovus energy incCalgary, Alberta

BAC Chairman:Guy J TurcotteChairman, President and CeOStone Creek ResortsCalgary, Alberta

Kim WardPresidentinterward Asset ManagementToronto, Ontario

Don Wheaton JrPresidentdon wheaton limitededmonton, Alberta

Steven WilliamsChief Operating OfficerSuncor energy incCalgary, Alberta

Ralph YoungPresident and CeOMelcor developments ltdedmonton, Alberta

35iii

BUsiness AluMni ASSOCiATiOnJennifer Bergman, ’07 bComdirector + lead PlannerJennifer bergman weddings

Bill Blais, ’98 bComvice President, land developmentMaclab enterprises

Ross Bradford, ’79 llb, ’85 MbASchool of business faculty Representative

Charlene Butler, ’09 MbAbutler business Solutions ltd.

Cheng-Hsin Chang, ’06 MbAbAA vice Presidentfinancial Security Advisorfreedom 55 financial

Elke Christianson Assistant dean, external Relations Alberta School of business

Sean Collins, ’09 bComPresidentether Strategy

Adam Cook, ’05 bCombAA TreasurerManager, kPMG llPCommerce Place

Jami DrakeManager, Alumni Programs Alberta School of business Christopher C. Grey, ’95 MbAbAA Presidentinvestment Advisor and financial Planner RbC dominion Securities inc.

Jay Krushell, ’97 MbA, ’98 llbwitten llP

Allan Mah, ’75 bComProperty Manager, City of edmonton

Kimberley MenardPresident, business Students’ AssociationAlberta School of business

Loren MillerPresident, MbA AssociationAlberta School of business

Kristan Morin, ’08 bCombAA SecretaryStudent Recruitment Advisoruniversity of Alberta faculty of nursing

Rob Parks, ’99 MbAu of A Alumni Council RepresentativeRC Strategies

Michael Richard, ’06 bCominvestment AdvisorCanaccord wealth Management

Rob Veronovici, ’99 bComManager, Operations and Performance,Retail food Services Alberta Health Services

John Whitmore, ’05 bComAssistant branch ManagerRbC dominion Securities inc. Branch Representatives:

Derek Bennett, ’68 bCom - vancouverdirector of Human Resourceslayfield Group limited

Lee Close, ’85 bCom - Ottawavice-President Transaction Advisory Servicesernst & young llP

Jeff Schellenberg,’04 MbA,’05 llb - Torontovice President, investment banking Merrill lynch Canada inc.

Karen Taguchi, ’86 bCom - CalgaryMarketing ManagerkPMG llP

goLdThe 2010 Annual Review celebrated the

name Alberta and used iconic Alberta

images to represent the Province’s, and

School’s, heights of excellence, rivers of

resources, streams of knowledge, and

fields of dreams, for which it received

the Gold Medal at the Council for

Advancement and Support of

education conference.

Annual Reports 2010 and 2011:

Monica Wegner, Alberta School of business

director of Communications

Greg Miller, backstreet Communications

annUaL REVIEW

ALBERTA 2010

AlB

ERTA

sC

Ho

ol

of B

USI

NES

S

A n n u A l R e v i e w

36 schoolOUR

aLBerta SCHOOl Of buSineSSTHe SCHOOl HAS A RObuST endOwMenT fund

Of $70 miLLion+, oVer 200

schoLarships THAT ARe fully

endOwed OR SuPPORTed AnnuAlly, And

SOMe ReSeRveS TO MAinTAin THe STATuS QuO

wiTH ReSPeCT TO ACHievinG OuR PRiMARy

research, teaching, and

oUtreach GOAlS fOR

THe nexT 24 MOnTHS.

Mike PercyStanley A Milner Chair in leadership and development: 1997 - 2011

Tom Scottvice dean, and interim dean, July 1, 2011 Royston GreenwoodAssociate dean Research: 1997 - 2011

Michael LounsburyAssociate dean Research, July 1, 2011 David CooperAssociate dean, Phd Program

Joan WhiteAssociate dean, MbA Program

Elaine GeddesAssociate dean, undergraduate Program

Carolyn CampbellAssociate dean, executive education Elke ChristiansonAssistant dean, external Relations

Mike HouseAssistant dean, development and Stakeholder Relations

Edy WongAssistant dean, international Adam FinnChair, Marketing, business economics, and law

Karim JamalChair, Accounting, Operations and information Systems

Vikas MehrotraChair, finance and Statistical Analysis

Yonatan ReshefChair, Strategic Management and Organization Guy TurcotteChair, business Advisory Council

Chris GreyPresident, business Alumni Association Walter Jull (2010), Loren Miller (2011)Presidents, MbA Association

Lacey Suen (2010), Kim Menard (2011)Presidents, business Students’ Association

iii 37

FinanciaLs Statement of Activity and Cash Flows*

Source of fundS 2010-11 % 2011-12 % Actual forecast

University Operating Funds 20,687,925 50.5% 20,482,734 47.0%

Own Source Funds donations1 1,361,997 1,678,300 endowment earnings (exclusive of Centre endowments) 2,443,139 2,685,603 executive education and executive MbA, MfM, MbA fort McMurray 6,087,529 7,594,301 Centres & external Services, events and Applied Research 2,959,369 2,631,997 Research Grants and Contracts 2,944,739 3,060,789 bCom, MbA, & international dedicated Tuition 2,663,442 3,572,101

Government Access funds 1,841,332 1,841,329

Total Own Source Funds 20,301,547 49.5% 23,064,420 53.0%

Total Sources of Funds 40,989,472 100.0% 43,547,154 100.0% uSe of fundS

Teaching2,3 17,013,063 40.6% 18,111,224 39.5%Research2 10,780,389 25.7% 11,707,996 25.6%Centres, Service, Community Relations, development 5,009,480 11.9% 4,736,198 10.3%executive education and executive MbA, MfM, MbA fort McMurray 5,421,776 12.9% 7,190,703 15.7%Technology and infrastructure 1,875,515 4.5% 2,022,146 4.4%Operating and Support Services 1,849,542 4.4% 2,037,499 4.4%

Total Uses of Funds 41,949,765 100.0% 45,805,767 100.0% Net Inflow (outflow) (960,294) (2,258,613) Net Unrestricted Reserves4 3,097,496 2,270,948 Net Restricted Reserves 7,551,572 6,119,508

This statement reflects cash-based activities and

represents a managerial view of the School’s fiscal

operations. Accordingly, certain activities such as

fund raising, professional development and research

recognize revenue when it is received rather than

when it is pledged or committed.

note 1: The donations line represents cash

donations received during the year that are fully and

immediately available for spending consistent with

the designated purpose of the gift. Cash donations

to permanent funds were also received in the

amount of $4,628,804.34; these are gifts that are

endowed so that only the interest is spent and the

principle measured in terms of general purchasing

power is preserved. finally, the School raised a total

of $7,815,498.49 during 2010-11 in pledges, some

of which are included in the cash received, but the

majority of which will be received in future years.

note 2: includes a proportionate share of academic

payroll as it relates to the teaching and research

components of scholarly responsibility to

the university.

note 3: Going forward, the amount paid out in

scholarships now includes scholarships paid out

to business students through the Student Awards

Office and the university bursaries and emergency

funding accounts.

note 4: net unrestricted Reserves comprise

balances in own funds that are generally

available to the School to cover operations.

*

38 schoolOUR

inspirationaL leAdeRSHiPbusiness courses at the university of Alberta began in 1916 in the department of Accountancy which would become a faculty in 1960. in 1968, under Hu Harries, the faculty first became accredited by the AACSb, the first business school in Canada.

in 2011, under Mike Percy, the School was again re-accredited making it the longest continually accredited business school in Canada.

oUr First dEANDr. Hu Harries – cowboy, academic, politician – was well known for introducing student-run rodeos.

oUr Last dEANDr. Mike Percy – adventurer, academic, politician – is well-known for his annual polar-bear jump in support of student competitions. Dr. Mike Percy – Professor, and 2011/12 Campaign Chair, united way

The student and research experience remains at the core of the Alberta School of business, led and supported by an incredible succession of deans: Hu Harries 1960 - 1968

Ted Chambers 1969 - 1976

Roger Smith 1976 - 1988

Jean-Louis Malouin 1989 - 1992

Rodney Schneck 1992 - 1997

Mike Percy 1997 - 2011

Tom Scott, Interim Dean July 1, 2011

39iii

Dear Mike, April 25, 2011

Perhaps you could have done more for the people of Alberta as Treasurer and as the successor to Premier

Decore. Nonetheless, the School of Business, the University, the students and staff and, indeed, Alberta and

Canada have been tremendously well – served with you as Dean.

I was delighted when you were appointed. And I have been equally delighted over the past fourteen

years to see you create and strengthen successful programs at the University. Your ability to deal thoughtfully, sensitively, and effectively with the necessary constituencies in building a strong School has been exceptional. To watch the School

evolve under your leadership, relatively close up at first and at more of a distance more

recently, has been a pleasure.

Having devoted most of my career to the School of Business and the University of Alberta, I could not be

more pleased with what you have achieved with the building blocks left to you, wherever they may

have been strewn. I have considerable appreciation for many of the challenges you have faced. Thank you for your services, and for your kindness in keeping me informed on,

and invited to, events involving the School of Business.

I hope to be in Edmonton for the tribute to you on June 28. It is but one occasion to recognize what you

have achieved and, perhaps more importantly, the inspiration you have given to others and what

you have enabled them to achieve.

With my very best wishes and appreciation,

Sincerely, Roger Smith,

Professor Emeritus, Former Dean

cBLaSince 1982, the School’s signature event has honoured leaders, entrepreneurs, and pioneers of progress in the business world, and who are selected by the 33-member international business Advisory Council.

March 14, 2012: Allan MarkinChairman, Canadian natural

FUN AND INTEGRITY

March 2, 2011: Darren EntwistleCeO, TeluS

GIVE WHERE WE LIVE

canadian BUsiness lEAdER AWARd

March 3, 2011: TeluS celebrated the creation of the westbury family Awards in Philanthropy, creating scholarships for Alberta School of business students.

40

SOCIAL IMPACT

Community Investment• Strategic considerations• Meaningful engagement

activities• long-term impacts Stakeholder Relations• Public relations and media• Community and

stakeholder relations Quality of Life Influencers• Arts and culture• not-for-profit organizations• Social safety net

• Responsible corporate environmental practices

• Sustainability in operational, legal, and ethical environments

• Reputational risk management

• Corporate governance• Measuring investment impacts• business of not-for-profits• Changing face of philanthropy• emergence of social enterprise

oUr fOundATiOnThe School is proud to announce the establishment of the Canadian Centre for Corporate Social Responsibility, to build upon the legacy initially established by the late Gary McPherson in the Canadian Centre for Social entrepreneurship. CCCSR, or Triple CSR, will be led by Roy Suddaby, Academic director.

THe GOAl iS TO build A worLd-cLass

CenTRe Of exCellenCe fOR GeneRATinG ORiGinAl

knOwledGe AbOuT THe RelATiOnSHiP beTween

buSineSS And SOCieTy.

THe MAndATe iS TO be

interdiscipLinarY in nATuRe And

fOCuS On ReSeARCH, eduCATiOn, And OuTReACH.

COMMUNITY BUILDING

ENVIRONMENTAL SENSITIVITY

“UPlIFTING THE WHolE PEoPlE” Henry Marshall Tory

DONOR IMPACT: the preservation of the name campaign Founders wall, featured throughout the report, is located on the main floor of the alberta school of Business Building.

ALBERTA. Always has been. Always will be.

enVironmentFinance

exceLLence

engagement

energY

execUtiVes

ethics

FoUndationFoUnders

FasttracK

entrepreneUrship