BIZ | State of BusinessGeorgia State University | J. Mack Robinson College of Business  
  CONTENT    PAST ISSUES    ABOUT STATE OF BUSINESS                                     Fall 2011 Vol. XXIII No. 2

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New roles for Maurer, Barr

 Pamela Barr, new chair of the Department of Managerial Sciences and Todd Maurer, director of the W.T. Beebe Institute of Personnel and Employment
 Pamela Barr, new chair of the Department of Managerial Sciences, and Todd Maurer, director of the W.T. Beebe Institute of Personnel and Employment 
After being awarded a $1.3 million grant from the U.S. Army Research Institute to study leadership development tools, Todd Maurer is stepping down from his role as chair of the Department of Managerial Sciences in order to concentrate on this three-year project. He will continue as director of the W.T. Beebe Institute of Personnel and Employment.

A psychologist by training, Maurer’s research focuses on issues of organizational behavior and human resource management, including employee and leadership development, performance appraisal and feedback, aging workers, human resource testing and selection, job analysis, and legal concerns.

Discussing the Army grant, Maurer said, “So much professional and leadership development occurs through informal, on-the-job, challenging experiences; however, much remains to be learned about how to unlock the tremendous developmental potential that these experiences provide.” He added that the goal of this research is to better understand how to predict and also to intervene to enhance the positive or constructive outcomes that can result from people having challenging experiences.

In light of Maurer’s change in role, managerial sciences professor Pam Barr has been appointed interim chair of the department. Barr’s research interests center on the role of managerial and organizational cognition in strategy formulation and change. She is the author of A Cognitively Anchored Theory of Strategic Change, which was a 2001 George R. Terry Book Award Finalist.
 

 RMI, Willis establish economic capital forum

The academic and analysis arm of Willis Group Holdings has joined forces with Robinson’s Department of Risk Management and Insurance (RMI) to establish the Willis Research Network Economic Capital Forum at Georgia State University in partnership with ETH Zurich – RiskLab Switzerland and the Risk Management Institute of the National University of Singapore.

The forum’s first order of business is to support the development and use of economic capital models required under the Solvency II Directive codifying the regulation of insurance firms in the European Union slated to go into effect in January 2013.

Although insurers and reinsurers rely on economic capital modeling to address fundamental challenges, tactical uncertainties, and day-to-day choices of how to best manage risk, the discipline is still in its infancy. Given the global rise in regulation, the industry is in need of a shared approach to economic capital modeling, including peer-reviewed methodologies, tools, and best practices to operate with confidence.

“Economic capital models are the backbone of the insurance company operations, but we need a greater understanding to employ them wisely,” said Willis Research Network Chairman Rowan Douglas, who described the partnership as “a significant development” for the industry.

“The Willis Research Network Economic Capital Forum has the potential to generate scientific advances with far-reaching impact on the measurement and management of risk,” said RMI Department chair Richard Phillips.

Phillips added that the forum will collaborate with industry on a technology transfer program to shorten the time required to convert research findings into commercially viable applications.
 

USAID Grant Expands Cairo Partnership

Cairo University logo
After partnering for four years with Cairo University in the development of an American style BBA program, the Robinson College has received an additional $300,000 from the United States Agency for International Development (USAID) and Higher Education for Development (HED), enabling the two universities to expand the program to its full four-year capacity.

“We have committed to help Cairo University establish a BBA program that parallels Robinson’s curriculum,” said Bijan Fazlollahi, director of Robinson’s Center for Business Development in Transitional Economies. With this grant the total awards for the program totals $700,000.

Robinson provides the curriculum and syllabi, and college faculty teach in the Cairo University program, which also includes a faculty development component. Due to the recent uprisings in the nation and subsequent travel restrictions, the program has also had to shift to video-distance learning.

Fazlollahi hopes to continue the relationship and plans to apply for funding in the future. His wish is to create a self-sustaining program where “what we teach there, stays there.”
    USLAT named international innovator

 David Bruce and Ruben Rico
The Latin American Strategy Society has recognized Robinson’s U.S. - Latin America Trade Program (USLAT) with its 2011 award for excellence and innovation in executive education.

USLAT was founded in 2008 within the Institute of International Business (IIB) to aid Latin American firms in coming to market in the United States and to help American companies achieve the same in Latin America.

“USLAT represents an exciting new phase in the engagement of Robinson College with the international business community,” said IIB professor David Bruce, who, along with IIB’s Pedro Carrillo and Fernando Doria, founded the program.

Bruce (pictured above left) accepted the award on behalf of USLAT from society president, Dr. Ruben Rico (pictured above right), at the organization’s 22nd annual conference in Mérida, Mexico. Rico is director of Total Quality Consulting Group of Argentina.
 

High Octane Event

 Former Atlanta Mayor Shirley Franklin with
Julie Bryant Fisher, managing editor, Atlanta
Business Chronicle
 Former Atlanta Mayor Shirley Franklin with Julie Bryant Fisher, managing editor, Atlanta Business Chronicle
It began in 1998 as a mentoring initiative for female graduate students. Today, the Women’s Leadership Forum is a full-fledged half-day conference that attracts more than 600 attendees each year.

Under the direction of Maryann Wysor of the Department of Marketing, the program began as a series of monthly meetings between mentors and mentees that culminated in a year-end conference. Beverly Langford, also of the Department of Marketing, joined Wysor as co-director of the forum in 2002. She recalls that the Atlanta Business Chronicle showed serious interest in partnering with the college on the event in 2005.

“The Atlanta Business Chronicle thought the forum would fit well with its events,” said Langford, adding that “The forum has grown exponentially since the partnership occurred.”

The 13th annual forum, held in May, featured Kathy Betty, owner and CEO of the WNBA’s Atlanta Dream and former Atlanta Mayor Shirley Franklin as speakers. The theme, “Making It Happen” was manifested in Betty’s and Franklin’s remarks as well during four breakout sessions. Langford said that their intentionally broad theme sets the function apart from others of its kind. Other factors that make the conference unique are that “we pack a lot into a short time,” said Langford, as well as structuring the event to accommodate a large amount of networking.

“It’s a high octane event. People come excited about the day. When they hit the door at 7:30 a.m., they’re ready to go,” she said.

The 14th Women’s Leadership Forum will take place on May 4, 2012 with the theme of “Framing the Future.”
 

 

Heavy Courseload does not equal Heavy Texbooks

 
World Affairs Council of Atlanta: Sharpening the Global Focus

In the 16 months since it was launched, the World Affairs Council of Atlanta has more than lived up to its mission to sharpen the global focus of its membership and the wider community. The council, which is affiliated with the Robinson College, Georgia State University and the World Affairs Councils of America, is playing an integral role in building the international reputation of Atlanta and supporting the economic development of the city and state, according to its president, Wayne Lord. “We’ve done so by providing a forum for discussion with diplomats and prominent authorities on global issues, international relations and global business,” Lord said. Three recent events underscore the stature of the thought leaders who address the group and the critical nature of the issues discussed.
 

April 18: Dennis Lockhart and Richard Fisher The council achieved a rare pairing when it brought together the presidents of two regional Federal Reserve Banks - Richard Fisher of Dallas and Dennis Lockhart of Atlanta - to discuss the impact of globalization on monetary policy-making. Fisher and Lockhart, who is chairman of the World Affairs Council of Atlanta, addressed pressing financial issues including the threat of 
 rising oil prices on U.S. economic growth. Both disputed the widely held belief that the primary challenge facing smaller businesses is an inability to attain financing from banks.

“Access to credit isn’t what’s constraining expansion, it’s a lack of confidence,” said Fisher. “When businesses see more confidence in the ultimate fiscal solvency of the United States … they could go to work quickly hiring people again if they’re also properly incentivized to do it here in America,” he added.
 


April 21: Lawrence Summers, Helene Gayle and Neville Isdell
Former U.S. Treasury Secretary Lawrence Summers, CARE USA CEO Dr. Helene Gayle and former
 
May 9: Anders Fogh Rasmussen
NATO Secretary General Anders Fogh Rasmussen stopped in Atlanta during his
 Coca-Cola Company chairman Neville Isdell discussed “connected capitalism” - the idea that corporations can provide greater value to their shareholders by investing in the long-term benefit of the societies where they work.

Isdell, who introduced the concept in a 2009 speech, noted that connected capitalism is happening “not just [at] Coca-Cola. There are other companies just as deeply involved.”

Summers thinks that a demonstrated return on investment will advance implementation of the model, asserting that, “We are going to have to find metrics with an emphasis on the quality of earnings.”

Gayle believes that a shift in thinking is already taking place and i corporations are finding ways to be profitable as well as socially responsible. “These things are not at odds with each other. You can do good and you can do well,” said Gayle.
  four-city U.S. tour, due to the large presence of NATO troops at Fort McPherson. Rasmussen spoke to the council about NATO involvement in Afghanistan and Libya, stressing the need for the nations involved in the efforts to stay unified.

“No one nation, no one organization, can do it alone. Even a superpower like America can’t do it alone - and we certainly can’t do it without America. Solidarity between the NATO Allies has been, and will remain, vital to our continued success,” he said.
 
 


  

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