Foster School recognizes exemplary faculty, staff achievement for 2014-15

The University of Washington Foster School of Business has issued its annual awards recognizing outstanding faculty and staff achievement for academic year 2014-15:

Faculty/Staff Excellence Awards

PACCAR Award for Excellence in Teaching – Jennifer Koski
Dan Siegel Award for Service – Jennifer Koski
Charles E. Summer Outstanding Teaching Award – Jennifer Koski
Ron Crockett Award for Excellence in Graduate Teaching – Andy Siegel, Lance Young
Ron Crockett Award for Excellence in Undergraduate Teaching – Leta Beard, Tom Phillips
Lex N. Gamble Family Award for Excellence in Case Development & Curriculum Innovation – Suresh Kotha
William A. & Helen I. Fowler Endowment for Special Achievement in Finance – Mark Westerfield
Andrew V. Smith Award for Excellence in Research – Stephan Siegel, Jake Thornock
Pacific Coast Banking School Dean’s Leadership Award – Stephan Bangs, Barby Pearson

Graduate Programs Recognitions

MBA Professors of the Year – Jennifer Koski (Class of 2015), Frank Hodge (Class of 2016)
MBA Professors of the Quarter (Autumn 2014) – Jennifer Koski (Class of 2015), Frank Hodge (Class of 2016)
MBA Professors of the Quarter (Winter 2015) – Jennifer Koski (Class of 2015), Foad Iravani (Class of 2016)
MBA Professors of the Quarter (Spring 2015) – Mark Hillier (Class of 2015), Judi Kalitzki (Class of 2016)

Evening MBA Elective Professor of the Year – Elizabeth Stearns
Evening MBA Core Professor of the Year (Class of 2016) – Ryan Fehr
Evening MBA Core Professor of the Year (Class of 2017) – Weili Ge
Staff Member of the Year – Sally Templeton

Robert M. Bowen EMBA Excellence in Teaching (Regional) – Bill Ayer, Andy Siegel
Robert M. Bowen EMBA Excellence in Teaching (North America) – Jonathan Karpoff, Andy Siegel

TMMBA Faculty of the Quarter (Summer 2014) – Natalie Mizik
TMMBA Faculty of the Quarter (Autumn 2014) – Pat Bettin, Scott Reynolds
TMMBA Faculty of the Quarter (Winter 2015) – Ben Hallen, Sarah McVay
TMMBA Faculty of the Quarter (Spring 2015) – Michael Johnson, Lance Young
TMMBA Excellence in Teaching (Monday Section) – Lance Young, Ben Hallen
TMMBA Excellence in Teaching (Wednesday Section) – Lance Young, Ben Hallen

EDP Excellence in Teaching – Pat Bettin

GEMBA Excellence in Teaching – Erich Studer-Ellis, Yong-Pin Zhou

PhD Outstanding Mentors – Dawn Matsumoto (Accounting), Stephan Siegel (Finance & International Business), Yong Tan (ISOM), Ryan Fehr (Management & Organization), Rob Palmatier (Marketing & International Business)

Undergraduate Program Recognitions

Undergraduate Faculty and Staff of the Year:
Marketing & International Business – Jack Whelan
Finance & Business Economics – Kathryn Dewenter
Management & Organization – Hugh Judd
Accounting – Thomas Phillips
Information Systems & Operations Management – Shaosong Ou
Staff member – Korrie Miller
Foster Commitment to Students – Pete Dukes

Undergraduate Faculty and Staff of the Autumn Quarter:
Marketing & International Business – Judith Kalitzky
Finance & Business Economics – Frances Maloy
Information Systems & Operations Management – Hamed Mamani
Accounting – Peter Demerjian
Management & Organization – Robert Dawson
Staff Member – Zak Sheerazi

Undergraduate Faculty and Staff of the Winter Quarter:
Marketing & International Business – Marty Matthews
Finance & Business Economics – Andrew Siegel
Information Systems & Operations Management – Apurva Jain
Accounting – Bill Resler
Management & Organization – Rick McPherson
Staff Member – Adam Shinn

Staff Excellence Awards 

Staff Excellence – Jessica Aceves, Ed Kromer, Sean McNeil, Gordon Neumiller, Francine Shafer

Emerging Leader – Megan Rasmussen

Faculty Promotions

Chris Barnes – Associate Professor of Management & Organization
Philip Bond – Professor of Finance and Business Economics
Hamed Mamani – Associate Professor of Information Systems and Operations Management
Sarah McVay – Professor of Accounting
Christina Fong – Principal Lecturer in Management & Organization

New Appointments to Professorships and Fellowships

Asher Curtis – Herbert O. Whitten Professorship
Ran Duchin – William A. Fowler Professorship
Michael Johnson – Boeing Company Professorship
Hamed Mamani – Premera Faculty Professorship
Dawn Matsumoto – Gerhard G. Mueller Professorship
Sarah McVay – Deloitte & Touche Professorship
Oliver Rutz – Marion B. Ingersol Professorship
Steve Sefcik – Durwood L. Alkire Professorship
Jake Thornock  – PWC Alumni Professorship
Michael Wagner – Neal & Jan Dempsey Fellowship

Faculty Recognitions Beyond Foster

Dave Burgstahler – President-elect, American Accounting Association
Tom Lee – Herbert Heneman Jr. Award for Career Achievement, Academy of Management
Robert Palmatier – 2015 Louis W. Stern Award, American Marketing Association
Leta Beard – Distinguished Teaching Award, University of Washington
Emily Cox Pahnke – Distinguished Teaching Award, University of Washington
Elizabeth Stearns –Husky Green Award, University of Washington
Yong Tan – Chang Jian Scholar, China Ministry of Education
Xiao-Ping Chen – Fellow, Society for Industrial and Organizational Psychology
Jonathan Karpoff – Outstanding Contributions to Research in Corporate Governance, Drexel Center for Corporate Governance

A new challenge for health innovators

VieDiagnostics_BPC2015
Vie Diagnostics, a 10-minute DNA-based point of care test for contagious diseases, won the Grand Prize at the 2015 UW Business Plan Competition.

March 2016 will mark the advent of the Buerk Center for Entrepreneurship’s latest endeavor: the new University of Washington Health Innovation Challenge (HIC).

Healthcare has entered a period of unprecedented change. Throughout the world, innovators are developing creative solutions that increase the efficacy, efficiency, and accessibility of healthcare and transform the way we think about health. Many of these innovations are coming out of Washington state and the UW—both recognized leaders in health innovation. In the last year alone we’ve seen cutting-edge developments in genomic-based testing, telehealth, wearable devices, and other products and processes that will improve health and wellness worldwide.

“The healthcare ecosystem in Seattle is driving economic growth and innovations that affect our health and wellness,” says Connie Bourassa-Shaw, director of the Buerk Center for Entrepreneurship at the UW Foster School of Business. “The players include the University of Washington, private companies, global nonprofits, healthcare incubators and investors, research institutes, and social entrepreneurs.  With the Health Innovation Challenge, we are building on the strengths of the UW and the Seattle community to provide a platform for students with a passion for health and healthcare to further develop their ideas and gain visibility for their innovations.”

The Buerk Center for Entrepreneurship is partnering with various colleges, schools, and departments across campus to promote the challenge to a broad group of students, from multiple disciplines. “The exciting thing about health innovation,” says Bourassa-Shaw, “is that it’s not limited to students and researchers in medicine.” Health innovation takes many forms—data-driven discovery, new billing solutions and business models, new ways to monitor health, improvements in efficient healthcare delivery, etc. Students in the HIC could literally come from any discipline.

Empreva_BPC2015_1094x730
2015 UW Business Plan Competition Second Place Prize Winner Empreva has developed a new method of birth control and STI prevention.

The HIC will be structured much like the Buerk Center’s well-regarded Alaska Airlines Environmental Innovation Challenge. Interdisciplinary student teams will develop new solutions to existing problems—new approaches to helping people live healthier lives, new opportunities for care and treatment, new products or services—and prove that their solutions could be viable in the health/healthcare market. Teams will pitch their ideas and demonstrate their innovations to a room of judges in late March 2016 for a chance to win $10,000 in seed funding for their venture. The Buerk Center has no doubt that UW students will embrace this new challenge—six of the eleven prize winning teams in the 2015 UW Business Plan Competition were health-related.

The HIC will launch with a new 2-credit class, ENTRE 579/490 Health Innovation Practicum, in fall 2015. Taught by Sam Browd (UW Medicine, Children’s Hospital, serial entrepreneur) and Emer Dooley (Foster School of Business), the class will teach the mechanics of taking a promising healthcare solution from inception to commercialization. Topics to be covered include big problem areas in both domestic and global health, the biodesign process, the health innovation pipeline (including intellectual property, company formation, and healthcare markets), and the medical regulatory process.

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Foster School ranks 2nd in the nation in management research productivity

management-and-organization-faculty-3369-L[1]The University of Washington Foster School of Business has the second most productive management research faculty in North America, according to a study out of Texas A&M University.

The annual “Management Department Productivity Ranking” tallies total contributions to the eight most influential scholarly journals in the discipline of management, and ranks business schools across the United States and Canada according to the number of those contributions attributed to their faculty members.

In the year 2014, faculty in the Foster School’s Department of Management & Organization published 16 papers in top management journals. This includes three in the Academy of Management Journal, four in the Journal of Applied Psychology, five in Organizational Behavior and Human Decision Processes, two in Organization Science, and two in Personnel Psychology.

The study’s authors note that this productivity ranking measures pure numbers of publications in top journals. There is no “per capita” adjustment for size of research faculty at a given school (putting midsized faculties, such as the Foster School’s, at a disadvantage to larger faculties). Only management departments are included in the ranking, and only one school affiliation per article is counted.

The eight management journals included in the ranking are: Academy of Management Journal, Academy of Management Review, Administrative Science Quarterly, Journal of Applied Psychology, Organization Science, Organizational Behavior and Human Decision Processes, Personnel Psychology, Strategic Management Journal.

In an aggregate of the past five years of Management Department Productivity Rankings, the Foster School is listed 11th in North America.

Top 11 in Management Research Productivity (2014)

1   University of Pennsylvania (20 publications)
2   University of Washington (16)
2
   Penn State University (16)
4   New York University (15)
4   University of Michigan (15)
6   Arizona State University (14)
7   Harvard University (11)
7   Michigan State University (11)
7   Temple University (11)
7   University of Minnesota (11)
7   University of Toronto (11)

Something special every day: Foster students provide solutions to zulily

Zulily1
zulily, the darling e-commerce flash-sale company based in Seattle has had exceptional growth since emerging on the market in 2010. “zulily has grown substantially, exhibiting astronomical growth over the last five years. zulily reported fourth quarter and full year 2014 net sales at $1.2 billion, up a staggering 72 percent year-over-year.”¹

They have cornered the “mom” market by focusing on products for women and children with a focus on delighting their customers with short-term (3-days) sales on unique products from both boutique brands as well as name-brand fashion. In recent years, zulily has begun to expand into related categories – such as homewares. Encouraged by their powerful e-tailing platform and passionate customer base, zulily continues to focus on delivering an exceptional customer experience for all of its customers, each and every day. The Foster School of Business partnered with zulily to explore the critical question through the Strategy Development Case Competition: Where should zulily focus their growth and expansion?

Each quarter the Foster School partners with a Seattle-based company to develop a customized business case as part of a required capstone course (MGMT430) for all graduating seniors. The case, written by Sadie Raney, Foster MBA Alumna (’14) and overseen by the course coordinator, Rich McPherson presents an urgent business issue in a condensed format.

Nearly 60 teams of students presented their solutions to panels of
judges composed of alumni, friends of the business school and zulily leaders. Although the case challenge centered on expanding addressable markets, the winning team built a compelling argument for remaining true to the zulily brand and their core customer – mom by developing a rewards programs. The winning team highlighted that there are still opportunities to gain market share with moms throughout the United States. Their solution was backed by their business finding – 80% of future revenue comes from 20% of existing customers.

Zulily2
The winning team hard at work at zulily’s headquarters

Members of the winning team were: Kevin Cruz, Kayla Jedele, Erinna O’Brien, Phi Pham, and Bryanna Woo, had the opportunity to present to the Customer Experience team at zulily headquarters a few days after the competition – and a few days before graduating! The general consensus of the senior leaders of the students’ “bloom” rewards program (featuring a flat membership fee to enable customers’ early access to specific daily sales and free shipping on a monthly basis) was that it is ‘simple, clean, and easily understood.’ Kayla Jedele “loved actually presenting to zulily employees both in the competition and during our office visit because it meant they cared about our work. They were just as excited and invested as we were which really enriched the whole experience.”

Erinna O’Brien said of the experience overall: “I had the most incredible experience at Foster doing this case competition with my team. The key to our success was trusting one another, not being afraid to speak up and capitalizing on our best skills.”

¹Brohan, Mark. “Zulily sales spike 72% in 2014.” www.internetretailer.com. 12 February 2015. Used content from earnings press release hosted on zulily: http://investor.zulily.com/releases.cfm

U.S. Ambassador to Singapore shares insights about ASEAN and global business

Ambassador“Our country is positioned to be the center of global business for the next 100 years,” said U.S. Ambassador to Singapore, Kirk Wagar, at a lunch with Foster School students and faculty on April 24th. He argues that 50% of the employees at U.S. businesses are global, and that the diversity in the U.S. has created and will sustain its tremendous success in business. At the lunch, the Ambassador shared his insights on global business, ASEAN, and Singapore.

He encouraged students around the table to consider studying abroad or working abroad in SE Asia. It is a vitally important region for business students to understand and engage with. Even comparing China and SE Asia, he argues that while China has a rising middle class, the demographics for business in SE Asia are much better. The population is younger, and ASEAN has also figured out that they either rise or sink together. Unlike Latin America, ASEAN understands the concept of shared economic prosperity.  ASEAN is lowering its tariffs and pushing to become a more connected region. There is great opportunity for business in ASEAN with over 620 million people in the region – that is one million more people than in the EU.

Student with US Ambassador to Singapore Kirk Wagar
EMBA student Vanesssa Zhang with US Ambassador to Singapore Kirk Wagar

Singapore sits in a unique position – India on one side and China on the other. It has the one of the largest port in the world, handling more than 30 million containers annually. Singapore is also incredibly multicultural, and it is home to more than 3600 U.S. businesses. A student asked why it is such an attractive location for foreign firms, and Ambassador Wagar responded that its business and regulatory environment is very friendly, it’s politically stable, English is widely spoken, and well, it is the only place in SE Asia where you can confidently drink tap water.

Foster undergrads create social media plan for U.S. Open Golf Championship

Foster undergraduate students enjoy U.S. Open media day with legendary champion Greg Norman and FOX Sports broadcasters.
Foster undergraduate students  at Chambers Bay Golf Course during  U.S. Open media day with legendary champion Greg Norman and the FOX Sports broadcast team.

When the world’s best golfers tee off at the U.S. Open June 17-21, not all of the action will take place on the rugged Puget Sound landscape of Chambers Bay. A coordinated “Open For All” Fan Experience in Seattle’s Lake Union Park will offer big-screen viewing of the championship, games, activities and official merchandise, a “Learning Science through Golf” exhibit, local food trucks, and an opportunity to see the famed U.S. Open trophy at the end of its cross-country tour.

The event—if not the trophy—will bear the fingerprints of Foster School undergrads.

In winter quarter, the United States Golf Association and its broadcast partner FOX Sports challenged students in Abhishek Borah’s social media class to brainstorm event ideas and promotion of the fan fest viewing party. Their target demographic was a familiar one: Millennials, the legion of 20-somethings raised on technology though not necessarily on golf.

“The executives from FOX Sports and the USGA wanted my students to provide research and analysis to support a location for the event, and a plan to create social media buzz that would get young people excited about it,” says Borah, an assistant professor of marketing at Foster.

Golf in the city

The projects, conducted through the FOX Sports University program, became the real-world capstone to Borah’s course.

Four teams presented. The winning “Golf The City” team—Yen Phung, Tyler Ronish, Supo Techagum, Nap Poshyananda and Coral Lee—delivered outside-of-the-box creativity in a coherent and professional presentation that most impressed the USGA and FOX Sports executives.

“The kids came up with a variety of great ideas, presented with real professional polish,” says Greg Ross, manager of branded and special events at the USGA. “Since we’re not from the Seattle area, it was a great eye-opener to see what options are there, what the younger demographic would think was cool and fun.”

Golf The City proposed a network of mini-golf installations around the city, encouraging social sharing of pictures and recommended hashtags. They outlined an advertising campaign featuring local celebrities. For the Fan Experience, they envisioned photo ops with wax figures of famous golfers from Madame Tussauds, specialty golf-themed cakes and a virtual swing analyzer. They recommended favorite food truck vendors and popular local bands.

“Since we were the target audience, we thought, what’s interesting to us? How could we be convinced to go?” says Phung, a senior at Foster who is president of the school’s American Marketing Association branch.

“The winning team had great ideas—along the lines of our original thinking,” Ross adds. “But they went the extra mile and presented budgets, projected impression numbers. Information we weren’t even asking for.”

Next generation entertainment

Their reward (beyond an excellent grade and a valuable resume booster) was an all-access pass to U.S. Open media day in May, and VIP status for the Fan Experience.

The winning team gets a behind-the-scenes look at what it takes to broadcast a major sporting event.
The winning team gets a behind-the-scenes look at what it takes to broadcast a major sporting event.

The students have seen how such an event is promoted and executed, and how well their ideas dovetailed with the USGA’s plans. Their mini-golf notion resembles the “Epic Putt Challenge” that has challenged fans at Seattle-Tacoma International Airport (and continues at the Fan Experience) to match some of the greatest putts in championship history. Their swing analyzer has morphed into a golf simulator that allows fans to virtually play the signature 15th hole at Chambers Bay. And there will be food trucks galore.

Alas, no golf ball cakes or waxed U.S. Open champions.

In sync

“The students didn’t know what the USGA was planning for the Fan Experience,” says Kaitlyn Beale, manager of marketing and strategic partnerships at FOX Sports. “So to be so in sync was pretty exciting. It was great for us to be able to tap into some great minds at the University of Washington, and for the students to be so engaged and invested in this project.”

They certainly learned a lot. Apart from Ronish—an avid golf fan who will intern with the USGA this summer—nobody on the winning team knew the first thing about the sport at the outset.

“Coming into this class, I didn’t know anything about golf, and not a lot about the power of social media,” says Phung, who will join Hitachi Consulting after graduating this June. “But I did know something about marketing. It was so interesting to see all of the behind-the-scenes work that goes into a big event and social media campaign. And it was an incredibly valuable challenge to apply what I’ve learned in school to an unfamiliar industry, something I’ll be doing a lot in my career.”

Foster delivers best bang for the buck

U.S. News & World Report recognized Foster as the highest-ranked MBA program with the best bang for the buck in its recent analysis of graduates’ salaries and average debt. According to the article, Foster graduates “who were employed within three months after graduation in 2014 have an average annual starting salary of $105,680, and those who borrowed had an average debt of $29,720 for business school.” Read the full story.

Foster was also the top-ranked program listed in U.S. News’ top 10 MBA programs where grads can afford their student loans.

– Faculty perspectives, alumni happenings, student experiences, Seattle and Pacific Northwest community connections, and a taste of life around the Foster School.