newsletter of the milgard school of business - uw … of the milgard school of business. 2 gary e....

message from the dean 2

legacies 4

remembering the Milgards 5

Milgard School news 6

Financial Reporting Conference 6

Business Leadership Awards 8

new faculty 10

Center for Leadership and Social Responsibility 11

faculty perspectives 12

alumni connections 15

business advisory board listings 18

Autumn 2007

Newsletter of the Milgard School of Business

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Gary E. and James A. Milgard Endowed Dean in Business Dr. Shahrokh Saudagaran

Contributing Writers: Dr. Elizabeth Alexander Jill Carnell Danseco Dr. Stern Neill Naarah McDonald Dr. Jill Purdy Dr. Gregory Rose Dr. Douglas Wills

Photography Credits: Memories Forever

Graphic Design: Tyler Wilson

Production: Brian Anderson Naarah McDonald Sandra Sarr

Web sitewww.tacoma.washington.edu/business

Milgard School of BusinessUniversity of Washington Tacoma1900 Commerce Street, Box 358420Tacoma, WA 98402-3100253.692.5630Fax: 253.692.4523

Vistas is produced annually by the UW Tacoma Milgard School of Business. to provide information about its students, faculty, staff, alumni and events.

Send inquires, correspondence, and class notes to: VistasMilgard School of BusinessUW Tacoma1900 Commerce Street, Box 358420Tacoma, WA 98402-3100.

Change of Address?If you have moved or can provide us with updated addresses for other alumni, please e-mail us:

Undergraduate alums: [email protected]

Graduate alums: [email protected]

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milgard school of business, fall 2007

Message from the DeanGreetings! We are delighted to bring you the inaugural edition of Vistas—the newsletter of the University of Washington Tacoma’s Milgard School of Business. Vistas will serve as yet another vehicle to connect our alumni, benefactors and friends to the School and to one another with information about our students, faculty, graduates and programs.

At a recent Milgard School of Business Advisory Board meeting, I reported on the state of the School. Let me share some of the highlights with you. During the 2006-07 academic year, we had record enrollments in both our undergraduate and our MBA pro-gram. We also graduated the largest number of students in each program. We look forward to welcoming members of UW Taco-ma’s first sophomore class into the Milgard School next year.

From excellence in the classroom to quality scholarship, our faculty does an outstanding job of providing a state-of-the-art business education that puts Milgard students on par with the best. During the past three years, we have recruited nine new tenure-track faculty. Joining us in autumn 2007 are professors Daniel Bryan from the University of Oregon, Juliet Cao from Yale Uni-versity, and Stephen Norman from Cornell University. Each year we add to our outstanding faculty to provide our students the best business education and to garner a national and international reputation for excellence at the Milgard School.

One of the things that brought me to UW Tacoma is the tremendous loyalty and support we receive from members of our local community. Foremost among our benefactors are the Milgard family. This year the Milgards announced another gift of $5 million. The Milgards have now pledged a total of $20 million to the Milgard School of Business. In addition to endowing the dean’s position and the Milgard Scholars Program, the gift has provided the resources to establish the Center for Leadership and Social Responsibility. This is an exciting new venture that will make significant contributions to our stakeholders. We have an outstanding advisory board consisting of leaders from our business community. The board members provide us with their counsel and support and are our champions within the community. As our alumni numbers grow, we are starting to see many of them giving back to the Milgard School. I thank all our benefactors, partners, friends and alumni for your gifts aimed at fostering excellence in all that we do at the Milgard School.

Please enjoy this issue of Vistas. I hope that it will encourage you to connect and stay involved. I look forward to seeing you on campus and at our community events and invite you to join us in making the Milgard School of Business a world-class program.

Shahrokh M. SaudagaranGary E. and James A. Milgard Endowed Dean

Milgard School of Business

an inside view

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legaciesScholarships at the Milgard School

The University of Washington Tacoma’s Milgard School of Business, with the financial support of many generous donors, community members, businesses, and alumni, awarded a total of $170,000 in scholarships for the 2006-2007 academic year. We are proud to report that the Milgard Scholars Program, in its third year, provides financial support and faculty mentoring for 21 undergraduate students and 11 MBA students.

Milgard Scholarships awarded to:

undergraduateCatalina AinsworthEmily BairdLourdes BarrientosYi-Hin ChanJoshua CraigMax DennyBrenda FullerSean GillilandChristain GriffinAisha HopkinsKim HoviesDanene JesionowskiNicholas LonnRonald LovinMegan MarionJoseph MarlowTerrie MayesDaniel MurrayNoah SchmidtErik WilliamsonSam Wilson

MBAMichael BottorffShane CampbellAlan CleaverHeather De JesusSusheel KumarJoseph LawlessGeoffrey LawrenceLawrence LewienJohn O’LoughlinJeffrey SeitzDerek Young

Ryan Petty ScholarshipMark Anikusoundergraduate

Matthew Lystraundergraduate

Erling Mork ScholarshipJessica Davisundergraduate

Colby Smithundergraduate

Judith Graubard Kopp ScholarshipsAlexander Mooreundergraduate

Ann MooreMBA

Cynthia Valerioundergraduate

William Philip ScholarshipJonat Vellieuxundergraduate

Milgard Tribute ScholarshipsPatricia Hinkleundergraduate

Ngoc Nguyenundergraduate

Moss Adams ScholarshipLinda Peltomaaundergraduate

UWT Business Endowed ScholarshipCeleste Robertsonundergraduate

Business Student Ambassadors ScholarshipsCatalina Ainsworthundergraduate

Latoyia Bartholomewundergraduate

Chris Stanelleundergraduate

Cynthia Valeriaundergraduate

Derek Yoonundergraduate

Business General ScholarshipsWinnifred Archambeau-MunozMBA

Colin Linnundergraduate

Jeremiah Pintar (HomeStreet)undergraduate

Rachell Randall (HomeStreet)undergraduate

Bennett SmithMBA

Christopher Stanelleundergraduate

Luis Vargasundergraduate

Barbara Wilcoxundergraduate

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Gary Eugene Milgard, 1936-2005Gary Milgard built a successful window manufacturing business with his brother Jim Milgard. The small glass company Milgard started with his father in 1958 rapidly diversified and grew more than 23% a year over 40 years. The company was sold in 2001 to Michigan-based Masco Corporation. Milgard served as the com-pany president from its inception until 2003, and continued as chairman and CEO until his death. After the sale of the manufac-turing company, Milgard and his wife, Carol, started the Gary E. Milgard Family Foundation. In 2003, the foundation and Jim & Carolyn Milgard pledged $15 million to the University of Washington Tacoma’s Business Administration Program. The gift endowed funds for the leadership position at the School, the Milgard Scholars Program scholarships, and the creation of two centers focusing on socially responsible leadership and informa-tion-based management. It was one of the largest single gifts to the University of Washington. Milgard’s committment to being “clearly the best” is reflected in his business success and philan-thropic endeavors in the community.

Gary Milgard died July 13, 2005.

Carol Berry Milgard, 1937-2007Carol Berry Milgard married her high school sweetheart, Gary, and the rest is history. Her involvement in the company included establishing a community outreach program, the Matching Gift/Community Action Team Program. During its first year the pro-gram had only six volunteers. Two years ago, 6,000 volunteers gave $300,000 back to the community. Carol’s passion was supporting youth and her community. Her tenure as president of the Gary E. Milgard Family Foundation, until her death, shows her strong belief in creating opportunities for the youth in our community. In addition to supporting both Tacoma General and Mary Bridge Children’s hospitals, Carol, through the Foundation, pledged $10 million to the Boys and Girls Club of Pierce County to support capital plans and expansion. Her experience visiting one facility showed her that the programs and values being offered to the youth at the Boys and Girls Club matched what she wanted to support. The effects of Carol and Gary’s passion for their community will endure in the lives they touched with their generosity.

Carol passed away on May 24, 2007.

Carol and Gary are survived by daughters Cari Milgard-DeGoede and Lori Milgard-Rivera, son Mark Milgard, five grandchildren and Gary’s brother, Jim Milgard.

in memoriam

Carol and Gary Milgard in 2003

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looking back Milgard Scholars’ Dinner

The Milgard Scholars’ Dinner is an annual celebration of the outstanding students who have been awarded Milgard scholarships. During the evening, faculty, students, staff and members of the Business Advisory Board gather to thank the Milgard family members for their generosity in endowing the Milgard Scholarship Program.

This year’s dinner was held at the Tacoma Country and Golf Club on May 8, 2007. We recognized 21 undergraduate and 11 MBA Milgard Scholars. The program is currently in its third year. In addition to providing financial support, undergraduate Milgard Scholars are assigned individual faculty mentors aimed at enhancing their learning and research experience.

Third Annual UW Financial Reporting Conferencepresents forum on current issuesThe Third Annual Financial Reporting Conference, hosted jointly by the Milgard School of Business and the UW Seattle Business School, was held on May 18, 2007 at the Bell Harbor Conference Center in Seattle. This one-day seminar brought together ac-counting standard-setters, enforcement officials, corporate fi-nancial executives, and professional and academic accountants to discuss current issues in financial accounting and corporate reporting. The format is an open one so that conference partici-pants can interact with the speakers and panelists.

Representatives from the Financial Accounting Standards Board (FASB) and Securities and Exchange Commission (SEC) discussed current and emerging issues in financial reporting regulations. Corporate executives and professional accountants participated in panel discussions on selected topics.

The Fourth Annual Financial Reporting Conference will be held on May 16, 2008 at the Bell Harbor Conference Center in Seattle.For additional information, please e-mail [email protected] or call the Milgard School of Business at (253) 692-5630.

Dean Shahrokh Saudagaran (left) with Susan Koski-Grafer, Senior Associate Chief Accountant at SEC, and Michael Crooch, FASB Board Member, speakers for the Financial Reporting Conference.

MBA Milgard Scholars recipients, Alan Cleaver and Larry Lewien, with Dr. Douglas Wills at the Milgard Scholars’ Dinner.

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Beta Gamma Sigma Chapter honored as exemplary

In 2007, the Milgard School of Business, University of Washington Tacoma chapter of Beta Gam-ma Sigma was named as an Exemplary Chapter for the 2006-2007 academic year. This honor was awarded for the 100% acceptance rate among our graduating MBA class.

Beta Gamma Sigma was founded as a national organization in 1913. Its mission is to encourage and honor academic achievement and personal excellence in the study and practice of business.

Membership in BGS is the highest national recognition a student can receive in undergraduate and graduate programs in business or management accredited by the Association to Advance Collegiate Schools of Business.

The University of Washington Tacoma chapter of Beta Gamma Sigma is proud to have over 75 graduates with membership in BGS.

Undergraduate BGS Alumni

Class of 1999Diane Mcguinn

Class of 2000Rebecca Bruce

Class of 2001Charlene BrummettClaudia BurnettJamie DilleyJudi GriffinBetty HennionSandra HolderDebra HoxitGlen LoweDavid MckibbenKatherine PasleyTravis RoscoeJodina SchauerJames Taylor

Class of 2002Shannon AltonSerin AndersonChristopher AutyCarla DeutschSondee JeffriesJin Won LeeMartha MillingtonCharles OliverStephanie ParrishSean RileyJilene SiegelMei Mei ThomasDeborah Zimmer

Class of 2003Tamara ElstonBrian FellerTimothy HauckJennifer IngramScott JuergensErika LevangieTravis MathesonMichael PasleyMaria SibalCecelia Smiley-AdamsJohn TiltonPenelope Wright

Class of 2004Christopher BjornstadDawniell DickersonJon HobartRoland KellyEric OienJeremy O’NeillChristopher OrgelesBrian ShepherdMelanie ThompsonJohn Walsh

Class of 2005Steven CarrollGwinyai ChikwinyaHeather GonzalesChristopher GoodselJeremy HaechrelElaine HillTimothy Maule

Muna MohamudScott NelsonPaul SnyderKrysta TekerAngela Ward

Class of 2006Christopher BjornstadDawniell DickersonJon Hobart Roland KellyKelly LlewellynEric OienJeremy O’NeillChristopher OrgelesBrian ShepherdMelanie ThompsonJohn Walsh

Class of 2007Jolene BensonJoshua CraigNicholas Lonn Ronald LovinMathew LystraJoseph MarlowElaine MarstonSarah MastinJeremiah SargentNoah Schmidt

MBA BGS Alumni

Class of 2003Bonnie BizzellEmily Hawkins

Class of 2004Lisa HerrickDonna LuinstraJames SeleyKellie Williams

Class of 2005Corinne Jedynak-BellRichard MiltimoreKaren Pickett

Class of 2006Calvin HillIan McRaeJonathan Ragan

Class of 2007Shane CampbellFrank CasellaRalph “Max” DavisHeather De JesusJoseph LawlessGeoffrey LawrenceRichard ThorpeDaniel Tilton

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Business Leadership Awards (BLA)

George M. Weyerhaeuser was presented the Lifetime Achievement Award. His 25-year tenure leading the Weyerhaeuser Company strength-ened the foundation his great-grandfather laid over 100 years ago. In 1999 after 50 years of service, George retired from his post as chair-man of the Weyerhaeuser board of directors. Continuing the tradition of leadership and values demonstrated by his great-grandfather, George left his own unique legacy: a leadership anchored in hard work and re-spect for employees, a commitment to product quality and to the high-est ethical standards, and a belief that long-term thinking is fundamen-tal to success.

Ray Tennison, president of Simpson Investment Group, was awarded Business Leader of the Year. Tennison joined Simpson in 1989 and held various managerial positions until becoming president in 1997. As president of Simpson Investment Company, he also oversees the com-pany’s three subsidiaries. Actively involved in the Tacoma community, he chairs the University of Washington Tacoma Capital campaign, is vice chair of its Advisory Board, works with the Tacoma Pierce County Cham-ber of Commerce and the Executive Council for a Greater Tacoma, is a member of the University Place Economic Development committee and Tacoma Goodwill board, and is a director of the University Place School District. Tennison also serves as a trustee for the Frank Russell Invest-ment Company and is on the board of the American Forest and Paper Association.

Four outstanding community leaders were recognized for their dedication and work within their organization and the community at large at the Milgard School of Business Sixth Annual Busi-ness Leadership Awards event on May 24, 2007 at the Greater Tacoma Con-vention and Trade Center. Steve Ro-gel, CEO of Weyerhaeuser, served as keynote speaker. This was the most successful BLA event thus far with 280 participants and 13 corporate sponsor-ships. The BLA has become our premier social function of the year, garnering significant visibility and goodwill for UW Tacoma and the Milgard School of Business.

Business Leadership Award 2007 Recipients and Milgard School of Business Dean (from left to right) Bob Ecklund, Joe Stortini, Ray Ten-nison, Shahrokh Saudagaran, George Weyerhaeuser

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Joe Stortini, president of Joeseppi’s Italian Restaurant, Deli and Cater-ing, was named the Small Business Leader of the Year. He has been a community leader in the restaurant business since 1993. Under Stor-tini’s leadership, the restaurant has raised over $1 million for various community groups—his motto being “Community Service: A Way of Life.” He has always encouraged his employees to take an active role in helping the community and fundraising. In addition, Joeseppi’s has received the Goodwill Employer of the Year Award for 2006 and most recently the Top Italian Restaurant Award. Stortini served 24 years in the political field as a state senator, county commissioner, and county executive and spent 24 years as an educator and athletic coach.

Bob Ecklund, president and CEO of the YMCA of Tacoma-Pierce County, was awarded Non-Profit Business Leader of the Year. He joined the YMCA of Tacoma-Pierce County as president and CEO in March 2004. Since that time, the Association’s membership has increased, financial assistance has nearly doubled, and the capital campaign for the new Gig Harbor Family YMCA has surpassed the combined totals of all previous YMCA capital campaign efforts. Ecklund has dedicated his career to the YMCA and has been a part of the national YMCA organization for 31 years. Throughout these years, he has played a number of key roles in large YMCA associations. Ecklund believes in continuous learning and applying progressive principle to the mission of building stronger communities.

George Weyerhaeuser and Joe Stortini speak prior to the Awards program.

Dean Hanks of the Tacoma Goodwill Foundation chats with Business Advisory Board member Don Johnson at the Business Leadership Awards reception.

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looking forward Milgard School welcomes three new faculty members

Daniel BryanAssistant Professor of Accounting

Ph.D., University of Oregon 2002M.B.A., California State University San Bernardino 1989B.S., California State University San Bernardino 1986

Dr. Bryan joins the Milgard School from SUNY Buffalo, where he taught Accounting Information Systems from 2002-07. Prior to earning his Ph.D., Bryan worked as an accounting manager and systems analyst for Northern Telecom Japan in Tokyo from 1993-97 and as a senior auditor for Ernst & Young in California from 1987-91. His research examines whether going concern opinions are associated with the reversal of financial distress for bankrupt firms. Bryan is fluent in conversational Japanese.

Zhiyan Juliet CaoAssistant Professor of Accounting

Ph.D., Yale University 2006B.S., Fudan University (Shanghai) 2000

Dr. Cao came to the U.S. to work on her Ph.D. at Yale. Her research interests include corporate governance, directors’ liability, the effect of litigation risks on management earnings forecasts, and the capi-tal market impact of mandated changes in reporting frequency. She teaches courses in financial accounting and managerial accounting. Prior to starting her doctoral program she interned for Arthur Ander-sen in Shanghai. Cao is fluent in Mandarin.

Stephen E. NormanAssistant Professor of Economics

Ph.D., Cornell University 2005M.A., Cornell University 2004B.S., Brigham Young University 2000

Dr. Norman brings teaching experience from Brigham Young Univer-sity where he was a visiting assistant professor from 2005-07 upon completing his doctoral work at Cornell. His research focuses on exchange rate determination and the statistical tools used to study macroeconomic data. Norman’s teaching interests include micro-economics, macroeconomics, and statistics. He is fluent in Spanish.

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New Center executive director announcedAfter a national search, Joseph Lawless was hired as the first execu-tive director of the Milgard School of Business’ Center for Leader-ship & Social Responsibility, funded by the Milgard Endowment. Lawless brings nearly 20 years of development, fundraising, com-munity relations, negotiation and grant experience to this posi-tion.

“I believe that the market for socially responsible leaders and sus-tainable business practices is going to be increasingly relevant to global as well as local businesses. The timing and need for this cen-ter couldn’t be better,” says Lawless.

The Center is an intersection between the Milgard School, busi-nesses, the community and values. One avenue is to help busi-nesses in the South Puget Sound region and beyond understand what social responsibility means to them and then integrate their values into responsible business practices.

Lawless expects to maintain the Center’s relevance to the community by engaging all of its con-stituencies in the development of the mission and vision. “Developing the Center is a team effort. It is an opportunity to engage the University as a whole,” remarks Lawless, “making it relevant and meaningful while integrating both the School and the University more fully with the community.”

Involving students in both the development and future activities of the Center creates a better understanding in future business leaders of the value of service and community responsibility. Lawless says, “The Center will have a strong student focus which will honor the Milgard family’s desire to build future business leaders who are responsive to the needs of the ‘triple bottom line’ of profits, people and planet.”

The Milgard family has been involved in numerous philanthropic endeavors within the Puget Sound region that include a substantial endowment for the Milgard School of Business, Community Ac-tion Teams within Milgard Manufacturing, working with the Boys and Girls Club and creation of the Milgard Family Foundation.

Lawless’ own background includes advocacy for youth in the Puget Sound region. He spent 14 years working for Mary Bridge Children’s Hospital, the last seven as executive director of the Mary Bridge Children’s Foundation. In his time there, he created and managed the Courage Classic Bicycle Tour raising money for child abuse intervention, lead a consortium of 12 agencies to build the Children’s Advocacy Center of Pierce County, and lead the Campaign for Mary Bridge raising money to build the new Children’s Health Center. In 2006, Lawless moved to Tacoma Goodwill Industries as direc-tor of corporate partnerships. In one year, Lawless grew job placements by 47% and created a new division that builds relationships with companies to meet their employment needs.

Lawless graduated cum laude with a B.A. in business administration from Seattle University, earned his master’s in business administration from the Milgard School of Business, UW Tacoma, was inducted into Beta Gamma Sigma, an international honor society, and is a certified fundraising executive.

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Faculty

Jill Purdy goes to Iceland as Fulbright Scholar

Associate Professor Jill Purdy was awarded a Fulbright scholarship to study in Iceland in Autumn 2005. Dr. Purdy worked at the Bifrost School of Business where she researched dispute resolution and taught a class on cross-cultural negotiation.

“I became interested in Iceland because it is experiencing some conflicts similar to those we are facing in the Western U.S. regarding energy,” said Purdy. She studied a dispute over a new hydroelectric dam being built to serve an aluminum smelter owned by U.S.-based Alcoa.

Understanding how Icelanders approach conflict and negotiation may prove valuable to U.S. businesses in the near future. “Iceland’s expertise in energy, including geothermal and hydrogen, will make it increasingly important in the world economy,” noted Purdy.

Purdy also was invited to teach a three-week intercultural negotiation course for the Helsinki School of Economics in Mikkeli, Finland in June 2007. “I enjoyed this opportunity to teach a familiar subject with a truly global group of students,” Purdy said. “The course is part of the school’s International Business degree program, which attracts students from around the world.”

perspectives

Tacoma Goodwill Industries asked Dr. Doug Wills and Dr. Greg Rose, of the Milgard School of Business, to evaluate employment trends in Pierce County and to assess the impact of current economic development initiatives on Goodwill workers. Their research indicates that employment opportunities and training for lower-skilled workers is likely to become even more important in the future.

Goodwill provides training and support to four primary groups—at-risk youth, adults with lan-guage barriers, disabled unemployed adults, and families-in-need—that require additional help to obtain employment. These groups are forecast to grow by approximately 8% over the next five years, the same rate as the expected growth rate for Pierce County. Thus, a thorough understanding of potential changes in the size of the population that Goodwill serves and the

Milgard professors support Tacoma Goodwill

types of jobs that will be available to these populations is critical for their planning.

An analysis of the fastest-growing industries in Pierce County and the potential impact of current economic development initiatives, which target primarily high-wage occupa-tions, could increase the burden on Tacoma Goodwill Industries. The ten fastest-growing industries hire less than one in five employ-ees served by Goodwill, which is nearly half that of the current county average.

Employment opportunities for the popula-tions that Goodwill serves could potentially decline over time, which highlights the need for employment training. The findings of the Wills and Rose study have been widely cited in the local media.

Dr. Jill Purdy and her daughters, Sophia and Helen, in Iceland during autumn 2005.

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G. Kent Nelson earns UW Tacoma Distinguished Teaching AwardUW Tacoma Senior Lecturer G. Kent Nelson doesn’t care if his students become experts in the subjects he teaches. He’d rather they master a few broad principles for better living.

“The most important thing for me, as an instructor, is to emphasize whole-person learning,” he says. “I want to help my students become better human beings. If I do that, they’ll be able to go out into the business world, pursue whatever they choose and be successful.”

Nelson is the 2007 recipient of UW Tacoma’s Distinguished Teaching Award, an annual award recogniz-ing an exemplary faculty member. An instructor in the leadership and business communication courses in the man-agement concentration at UW Tacoma’s Milgard School of Business, Nelson is only the second non-tenured faculty member to be honored in the 13-year history of the award.

In the classroom, Nelson prefers to teach big ideas, an approach he believes helps students

understand themselves and the world around them and will ultimately make them better busi-nesspeople.

“Given the choice between my students leaving my class with acute understand-ing of the course’s particular sub-ject matter, or leaving my class as better human beings who are mo-tivated to contribute to the well-being of others and the greater good, I will always choose the lat-ter,” he said.

Nelson also serves as an instruc-tional coach for other UW Tacoma faculty. He conducts workshops on teaching and learning and ob-serves classes in order to help

other faculty members sharpen their teaching skills.

“As a senior lecturer, I believe it’s one of my jobs to promote a rich teaching and learning environ-ment,” he said. “If I can help another teacher im-prove, that teacher becomes more effective with students. The impact is exponential.”

Appreciating different approaches to teaching and learning, application of effective physical design, and adoption of instructional technology is the basis for creating a new classroom design on campus. Dr. Stern Neill, associate professor with the Milgard School of Business, and Rebecca Etheridge, director of the Teaching and Learning Center, with funding from the UW Tacoma Founders Endowment Fund, spearheaded a flexible learning space for classroom use.

With support from Patrick Pow, director of Information Technology, the design was implemented during the summer of 2006, and the new classroom was opened for use during the 2006-2007 academic year. Its primary features include movable tables, computers and monitors mounted along the perimeter, and movable screens for privacy that also

Faculty, staff pair up using technology to enhance education

function as whiteboard work space.The design provides for quick reconfiguration to support different modes of teaching and learning. Specifically, four configurations are possible by design: Linear (lecture, presentation, video), Horizontal (class discussion), Cluster (small group discussion and activities) and Network (decentralized instruction). Thus, flexibility of the physical space supports learning.

Students use the new multifunctional classroom in CP 105.

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The Capstone Experience...did you say ‘Glo-Bus’?The Milgard School’s undergraduate capstone course, Business Policy & Strategic Management, produced a team of students who shot to the number two position among over 900 teams world-wide participating in the on-line simulation called GLO-BUS. For the record, the winning team maintained a top 25 ranking in six of eight ‘live’ years over the duration of the course.

GLO-BUS was selected by faculty to provide a capstone integrative experience requiring students to meld their knowledge of finance, accounting, marketing and management to make sound strategic decisions in operating a digital camera company across four geographic markets. Students ‘make’ entry level and high-end cameras and selected a strategy for each type of camera.

Such a high-tech industry sets the scene for addressing the realities of rapid growth, global competition, and low-cost production while addressing the need for coherent decisions in areas such as R&D, operations, worker compensation and motivation. Teams can easily fall into the trap of undercutting on price competition that erodes profitability. Facing such a reality, teams then had to undergo substantial and often very painful restructuring in terms of

This past year, students in Dr. Stern Neill’s mar-keting strategy and marketing management courses developed marketing solutions for three museums in downtown Tacoma: Washing-ton State History Museum, Tacoma Art Museum, and the Museum of Glass. Working with the mu-seums presented an excellent opportunity for students to apply course concepts and methods in an actual organizational setting. In addition to learning about marketing, the project allowed students to make connections with and contrib-ute to the local community.

Students were responsible for developing an ex-ecutable marketing solution for each museum. Specifically, student teams worked with each museum’s marketing director to analyze the overall market situation, select appropriate tar-

the effects on their performance metrics. The real world it might not be, but seeing the agony on faces as students debated the number of production teams to cut, you got the sense they could empathize with managers at Ford and GM.

Over the course, students faced a tough time in moving quickly up the learning curve to master this simulation while still developing the tools and techniques of strategic analysis and inplementation. The challenge to faculty was to integrate the ‘learning-by-doing’ process of the simulation with the theoretical literature.

However, as our top-team demonstrated this past spring, and as the overwhelming majority of students affirmed, a computer-based simulation was a worthy vehicle through which to practice applying theory through implementing a chosen generic strategy and making decisions from a vast array of financial, marketing and production data. Even teams who didn’t achieve a high rating could diagnose the reasons for their less-stellar company performance. At the end of the course, team presentations were all the more valuable as competitors ‘revealed’ their goals and strategies and others quizzed them on the rationale of certain decisions.

Students learn by working directly with the community

get markets, and develop a strategy that best met the needs of the market and the organiza-tion. The project culminated with multiple stu-dent teams presenting marketing strategies di-rectly to each museum’s management.

Students benefitted from this in-depth, experi-ential learning-based project. They saw a work-ing organization from a first-hand perspective and participated in actual strategic planning, not just textbook marketing. Additionally, stu-dents confronted issues that local organizations in our community face while integrating the re-alities of working in a functioning organization. The local organization received five to ten plans on how to improve their marketing efforts and got to meet and work with future business grad-uates in their community.

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Alumni newsMBA

Emily Hawkins ’03, was promoted from actuarial assistant to senior actuarial assistant at Stan-dard Insurance Company. She continues to sit for actuarial exams, and passed the killer “Life Contingencies” exam (third in a series of nine exams) in May 2006.

Martha Holvani ’03, works as a financial adviser with Edward Jones in New Hampshire and mar-ried Matthew Maki in October 2007. Her daugh-ter, Michelle, is now 5 years old and starting kindergarten.

Kandice E. Kimberling ’03, was moved by Boe-ing from Seattle to Maui to support the Maui Space Surveillance Site. She works in Human Resources. This component of Boeing operates as a sub-contractor to the Air Force and the De-partment of Defense in running large telescopes on Haleakala (the world’s largest dormant vol-cano) for the purpose of space surveillance, la-ser and electro optical systems research.

Caroline Mueller ’04, accepted a position as as-sistant director of Planned Giving at Whitman College.

Laraine Quail ’04, is a business analyst for Weyerhaeuser’s Investment Evaluation Depart-ment and is involved in fall recruiting for her department at various top 10 MBA programs

Alumni are invited to send updates about new posi-tions, promotions, awards, or other professional achievements to:

Undergraduate [email protected]

[email protected]

throughout the U.S. It’s interesting to observe what these full-time students are seeking in em-ployment/life relative to the students at UWT.

Elke Sarbiewski Sanborn ’04, is currently direc-tor of Payroll Services at Weyerhaeuser. Elke just finished a term as Board of Directors president of Advancing Leadership, joined the Federal Way’s Education and Communities in School’s Advisory Board and was recognized as one of the Business Examiner’s 2007 “40 Under Forty.” She and her husband welcomed their first child, Logan Ban-jamin Sanborn, on May 14, 2007.

Adam Weng ’05, accepted a new position as a business analyst with the Boeing commercial airplane division. Adam credits the strength of the UW Tacoma MBA program for his profes-sional success.

Nancy Gregson ’06, joined NewBay Media as their marketing director in April 2007. Gregson took responsibility for the promotion of the pub-lications, Web sites, and custom events in the Audio, Systems, and Video/Broadcast Groups.

BABA

Ziad Salloum ’02, works as a business relation-ship manager for Wells Fargo Business Banking covering the South Puget Sound.

Sunday Tollefson ’02, launched Biz Wiz Consult-ing in 2006. Her company helps early entrepre-neurs plan, launch and grow their businesses (www.bizwizconsulting.biz).

Kate Slater Showalter ’03, works as a supervisor of the Customer Service Department for Precor. She married Kevin Showalter in 2003 and resides in Renton. Kevin begins at UW Tacoma in Winter 2008 to complete his degree in Computing and Software Systems.

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FacultyShahrokh M. SaudagaranGary E. and James A. Milgard Endowed Dean and Professor; International Accounting; Ph.D., University of Wash-ington, 1986

Patricia FandtProfessor Emeritus

Ehsan FerozProfessor Accounting, International Relations; Ph.D., University of Chicago, 1982

Gregory Noronha, CFAProfessor Finance; Ph.D., Virginia Polytechnic Institute, 1990

Gregory M. RoseProfessor Marketing; Ph.D., University of Oregon, 1995

Zoe I. BarsnessAssociate Professor Organizational Behavior; Ph.D., North-western University, 1996

Vanessa ChioAssociate Professor Management, International Business; Ph.D., University of Massachusetts, 2000

Stern NeillAssociate Professor Marketing; Ph.D., Louisiana State University, 2000

Jill M. PurdyAssociate Professor Management and Organization; Ph.D., Pennsylvania State University, 1994

Tracy A. ThompsonAssociate Professor Organizational Behavior, Strategic Management; Ph.D., Northwestern University, 1994

Douglas T. Wills, CFAAssociate Professor Economics; Ph.D., Texas A&M University, 1995

Elizabeth AlexanderAssistant Professor Strategic Management & Public Policy; Ph.D., George Washington Uni-versity, 2006

Daniel BryanAssistant Professor Accounting; Ph.D.,University of Ore-gon, 2002

Zhiyan CaoAssistant Professor Accounting; Ph.D.,Yale University, 2006

Sergio V. DavalosAssistant Professor Management Information Systems; Ph.D.,University of Arizona, 1992

Marinilka Barros KimbroAssistant Professor Accounting, International Business; Ph.D., University of Maryland, 1999

Fei Leng, CFAAssistant Professor Finance; Ph.D.,University of Tennes-see, Knoxville, 2002

Stephen NormanAssistant Professor Economics; Ph.D.,Cornell University, 2006

Eugene SivadasAssistant Professor Marketing; Ph.D., University of Cincinnati, 1995

G. Kent NelsonSenior Lecturer Organizational Management and Strategic Communication; Ph.D., University of Washington, 1994

Dorothy J. ParkerSenior Lecturer Accounting; Ph.D., University of Arkansas, 1992

Jeff DeanLecturer J.D., University of Puget Sound, 1986

Evelyn ShankusLecturerIndustrial/Organizational Psychology; M.S., San Francisco State University, 1992

Staff

Caroline CalvilloMBA Senior Adviser

Melody JamesUndergraduate Adviser

Kelly KledzikProgram Assistant

Joseph LawlessExecutive Director, Center for Leadership & Social Responsibility

Naarah McDonaldAdministrative Coordinator

Cynthia Riley SmithUndergraduate Adviser

Julia SmithAdministrator

Veronika VacekAdministrative Assistant

Cynthia Valerio Administrative Coordinator, Center for Leadership & Social Responsibility

17


promotions

Dr. Gregory Rose promoted to Professor.

Dr. Vanessa Chio promoted to Associate Professor.

Dr. Stern Neill promoted to Associate Professor.

faculty publications Bhappu, A. D. and BARSNESS, Z. I. (2006). Risks of E-mail.

In Andrea Schneider and Christopher Honeyman (Eds.),

The Negotiator’s Fieldbook (pp. 395-400). Washington,

DC: American Bar Association Books.

Diekmann, K. A., Sondak, H, and BARSNESS, Z. I. (2007).

Does fairness matter more to some than to others? The

relationship between work-place status, procedural

fairness perceptions, and job satisfaction. Social Justice

Research, 20(2), 161-180.

Balkundi, P., Kilduff, M., BARSNESS, Z. I., and Michael,

J. H. (2007). Demographic antecedents and performance

consequences of structural holes in work teams. Journal

of Organizational Behavior, 28(2), 241-260.

FEROZ, E.H., Reck, J., Johnston, J. & Wilson, E. (2006). The

Incremental Value Relevance of Firm Specific Risk Mea-

sures in Pricing Junk IPOs. Review of Accounting and

Finance, 5(3), 251-267.

Carpenter, V., Cheng, R. & FEROZ, E.H. (2007). Toward An

Empirical Institutional Governance Theory: Analyses of

the Decisions by the 50 U.S. State Governments to Adopt

GAAP. Journal of Corporate Ownership and Control, 4 (4),

30-46.

Wong, S., Hassan, N. & FEROZ, E.H. (2007). Equity Premium

Puzzle: An Artificial Neural Networks Approach. Review of

Accounting and Finance, 6 (6), 150-161.

NEILL S. & ROSE, G. (2006). The Effect of Strategic

Complexity on Marketing Strategy and Organizational

Performance. Journal of Business Research, 59 (1), 1-10.

NEILL, S., McKee, D. & ROSE, G. (2007). Developing the

organization’s sensemaking capability: precursor to an

adaptive strategic response. Industrial Marketing Man-

agement, 36 (6), 731-744.

NEILL, S. & ROSE, G. (2007). Achieving adaptive ends

through equivocality: a study of organizational anteced-

ents and consequences. Journal of Business Research, 60

(4), 305-315.

ROSE, G., Shoham, A., NEILL, S., & Ruvio, A. (2007). Man-

ufacturer perceptions of the consequences of task and

emotional conflict within domestic channels of distribu-

tion. Journal of Business Research, 60 (4), 296-304.

Swaidan, Z., Vitell, S. J., ROSE, G., Gilbert, F. (2006).

Consumer ethics: the role of acculturation. Journal of

Business Ethics, 64(1), 1-16.

SAUDAGARAN, S. (2006). Global Trends towards Account-

ing Convergence and Controversies in Developing Inter-

national Standards for Corporate Reporting. The Inter-

national Journal of Accounting, Governance & Society, 1,

25-36.

SAUDAGARAN, S., Herrmann, D., & Thomas, W. (2006).

The Quality of Fair Value Measures for Property, Plant and

Equipment. Accounting Forum, 30, 43-59.

SAUDAGARAN, S. (2006). International Accounting: A

User Perspective, (Japanese edition). Thomson South-

Western.

Johnson, M., Garbarino, E., & SIVADAS, E. (2006). Influ-

ences of Customer differences of Loyalty, Perceived Risk,

and Category Experience on Customer Satisfaction Rat-

ings. International Journal of Market Research, 48 (5),

601-622.

SIVADAS, E., Kim, J., Holmes, T., & Kardes, F. (2006). Ap-

proach and Avoidance Motivations in Online Auctions.

International Journal of Internet Marketing & Advertising,

3 (4).

Hammes, D., Iksoon Im, E., WILLS, D. (2006). Conver-

gence Condition for AR Index Model. Econometric Theory,

22(3).

McFerrin, R. & WILLS, D. (2007) High Noon on the Western

Range: A Property Rights Analysis of the Johnson County

War. Journal of Economic History, 67 (1).

18

Dan AbsherPresidentAbsher Construction Company

Cal BamfordPresidentGlobe Machine Manufacturing Company

Rex BatesManager, Mgmt. Planning and InformationState Farm Insurance Companies

Richard Bennion Executive Vice President, Residential Lending DirectorHomeStreet Bank

Richard BrandsmaPresident & CEOSound Credit Union

Kurt CarlsonPresident & CEOBratrud Middleton Insurance

Jayasri GuhaVice PresidentWeyerhaeuser

Joe GuizzettiPresident & CEOBuffelen Woodworking

Linda GutmannDirector of Global Risk ManagementRussell Investment Group

John HallPresident & CEORainier Pacific Bank

John HarrisonSenior ManagerBruce Titus Automotive Group

Bob HintonManaging PartnerMoss Adams, Tacoma Office

Don JohnsonVice President & General ManagerSimpson Tacoma Kraft Company

Don KingVice President of SalesBusiness Interiors Northwest

Larry KoppManaging MemberGlobe Capital, LLC

Bev LoseyBranch ExecutiveBrown & Brown Insurance

Jeffrey LyonPresident & CEOGVA Kidder Mathews

Robert MageePresident & CEOAmerican Shipping Group

Bruce MarleyExecutive Vice President, Chief Lending OfficerVenture Bank

John MathewsManaging DirectorBoeing Capital

community partnersMark W. NelsonExecutive Vice President, Senior Credit OfficerColumbia Bank

Wil SchenckSenior Vice PresidentWells Fargo

Vince SchmitzCFOMultiCare

Jeff SmithSenior Director of Finance and AdministrationPort of Tacoma

Janine TerranoPresident & CEOTopia Ventures

David ThorntonRetiredBoeing Capital

Bruce TitusPresident & OwnerBruce Titus Automotive Group

Brian VancePresident & CEOHeritage Bank

Charlie WaltersPresidentGENSCO

Lisa WilsonManaging DirectorRSM McGladrey, Inc.

Business Advisory Board

19


$1,000,000 and above

Gary E. Milgard Family Foundation

$10,000 and above

Bratrud Middleton InsuranceHeritage BankMoss Adams FoundationRainer Pacific BankSimpson Tacoma KraftSound Credit UnionState FarmWeyerhaeuser

$5,000 – $9,999

The Bamford FoundationThe Bates Family FoundationRichard BrandsmaBruce Titus Automotive GroupBuffelen WoodworkingBusiness Interiors NWColumbia BankFranciscan Health SystemsGENSCOLarry & Judith KoppBob MageeMilgard ManufacturingMoss Adams LLPJonathan RaganRSM McGladreyRussell Investment GroupTOTEVenture Bank

$2,000 – $4,999

Lon AnnestHomeStreet BankMark NelsonMichael & Chantelle PhillipsRebecca Thompson & Eric Baker

$1,000 –$1,999

Dan AbsherGary AleshireCal BamfordFrancis & Martha CasellaMike FitzgeraldGlobe Capital LLCJoe GuizzettiLinda GutmannJohn HallJohn HarrisonBev LoseyJeffrey LyonBruce MarleyShahrokh SaudagaranRick SchmidtkeVince SchmitzMark SturgisDavid ThorntonBruce TitusTitus-Will Families FoundationBrian VanceCharlie WaltersLisa Wilson

$500 – $999

Shane CampbellLisa HerrickCalvin & Deanna HillDonald E. KingDonna & Mike LuinstraKurt & Jennifer PlaysteadAdele RobertsKellie Williams

$200 – $499

Elliott AllenRichard BennionJames & Kris BlumThomas BrosiusHeather DeJesusCorrinne & Jason HendersonGeoffrey LawrenceElena Ann MoyeCecelia Smiley-AdamsKimberly TebruggeStephen Walker

$100 – $199

David CollingsMichael CoxShelby FritzCarl & Yong GravesJustin JohnsonLarry LewienWilliam SchenckJeff SeitzRichard ThorpeDennis Wright

up to $99

Joseph & Erin CarmanPio DeCano II, Ph.D.Keith FoeTimothy HauckClifford HillJanet P. HodsonDebra HoxitDavid H. Senner

funding the futureOur Valued Contributors (2006-2007)

SEATTLE, WAPERMIT NO. 62

1900 commerce street, campus box 358420

tacoma, wa 98402-3100

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