Villanova Business Magazine Summer/Fall 2013

VILL AN OVAbusiness

Villanova Business Team

THE HELEN AND WILLIAM O’TOOLE DEANPATRICK G. MAGGITTI

DIRECTOR OF COMMUNICATION AND MARKETINGCATHY J. TONER

EDITORMARIANA J. MARTINEZ

CONTRIBUTORSBRENDAN E. CUMMINGS ’13 LAS

TIMOTHY DIPAOLO ’13 VSBREILLY F. HARMER ’14 LAS

LIAM MILLER ’14 VSB ELIZABETH L. RATHBUN

JENNIFER WHINNEY

DESIGN AND PRODUCTIONMACHINERY

COVER PHOTOGRAPHAILEEN BANNON

Vol. 7, No. 1 Villanova Business magazine is published semi-annually for alumni and friends of the Villanova School of Business. It is available in a print edition and online at villanova.edu/business. Send comments and questions to [email protected] Villanova Business800 Lancaster AvenueVillanova, PA 19085-1678610-519-5424villanova.edu/business

Developing business leaders for a better world.TM

contentsSummer/Fall 2013

03 Dean’s Update

04Momentum

06 Faculty Achievements

09 Alumni Spotlight

10 Valleynova

12 Faculty Spotlight

13 Stiletto Network

14 Student Achievements

16 Mad Money

22 PlannedUp

24 Student Spotlight

26 Executive MBA

28 Donor Spotlight

29 Dean’s Advisory Council

Villanova Business 03

Dean’s UpdateWhat a wonderful year it has been for VSB and Villanova University! It is an honor to serve such a talented community of students, faculty, staff, alumni and friends.

Good news for VSB is abundant. I’d like to share a few of the recent highlights:

VSB RANKED #15 IN NATIONVSB was once again recognized as one of the best undergraduate business schools in the nation in the 2013 Bloomberg Businessweek ranking. VSB ranked #15, placing among the top 20 business schools in the nation for the eighth year in a row.

The annual ranking is determined by academic quality, professional development, business relevance and student satisfaction. VSB performed exceptionally well in a number of categories:• #2 for Academic Quality• #3 for Internships• A+ in Teaching Quality• A+ in Job Placement

EXCEPTIONAL CAREER RESULTS The Villanova University Career Center released the Class of 2012 Placement Report. The report reflects career placement statistics six months after graduation.

VSB students fared extremely well. Within six months of graduation, 99 percent of our job-seeking stu-dents secured full-time employment at an average starting salary of $54,628.

According to the annual Bloomberg Businessweek student survey, nearly 95 percent of graduating VSB seniors reported having participated in at least one internship experience, earning VSB the rank of #3 in the country for internships.

MAD MONEYOne of the best parts of my job is seeing the exceptional output of our students and the incredible achievements of our institution. I was truly honored when CNBC’s highly-acclaimed Mad Money chose to film an episode from our campus on April 25. The episode showcased the spirit, enthusiasm and talents of VSB students as they participated in the taping. Many of our students, including several members of the Villanova Equity Society, were featured on television asking insightful questions and pitching stocks of interest to host Jim Cramer.

Not only did I enjoy watching our students share their talents with a national television audience, but I also witnessed firsthand incredible feedback from Mad Money’s fans and CNBC representatives—includ-ing Jim Cramer himself—all of whom were impressed by the Villanova community. The VSB brand was promoted across a variety of media outlets around the country and reached millions of people.

There is much activity and excitement happening at VSB, and I am so glad to have you as a part of it. As always, I thank you for your continued support of the Villanova School of Business, and I hope you and your families had an enjoyable summer.

With best regards,

Patrick G. MaggittiThe Helen and William O’Toole DeanVillanova School of Business

04 Villanova Business

momentum

GRADUATE WOMEN IN BUSINESS COMMITTEE The Graduate Women in Business Committee hosted Marketplace Café, a networking event designed to connect graduate students and alumni, on March 17.

The event featured a panel discussion on effective self-promotion. Panelists included Lisa Canoura ’93 VSB, Teresa Kohl ’07 VSB, Susan McKeone ’94 MS, Amy Ginocchio Molnar ’94 VSB, Diane Perrymore ’90 LAS, ’05 MS and Gina Wilson ’87 MS. The event was organized by Hillary Seith ’15 MBA, president of the Graduate Women in Business Committee.

WOMEN’S PROFESSIONAL NETWORK The Villanova Women’s Professional Network hosted an event in Driscoll Hall titled “Career, Challenges, & Strategies for Success.” An inspirational keynote address was delivered by Nance K. Dicciani, PhD ’69 COE, former president & CEO of Honeywell, Specialty Materials Business Group. Her impressive list of accolades includes being ranked twice among the world’s most powerful women by Forbes magazine. The address was followed by a panel discussion featuring distinguished Villanova alumnae, including Rosemarie T. Dempsey ’83 VSB, Stacy Grant Hohenleitner ’93 CON, Teresa C. Kohl ’07 VSB and Gina Wilson ’87 MS. A networking reception followed the event in the Driscoll Hall Atrium.

The Graduate Women in Business and Women’s Professional Network events are open to alumni and students from all Villanova colleges.

For more information, go to villanova.edu/wpn

THESE WOMEN ARE ALL BUSINESS

Diane Perrymare ’9

0 LA

S

Susan McKeone ’84

MS

Lisa Canoura ’93

VSB

Gina Wilson ’8

7 M

S

Amy Ginocchio Molna

r ’94

VSB

Teresa Kohl ’07 V

SB

Nance K. Dicciani, PhD ’69 COE, former president & CEO of Honeywell, Specialty Materials Business Group.

“The best way to predict the future

is to create it.”

Teresa Kohl ’07 V

SB

Ernst & Young (EY) completed a $500k endowment to VSB’s Clay Center this past fi scal year. All of the funding was accumulated over the last fi ve years by personal donations from EY employees who are Villanova parents and alumni. This fi rm-wide initiative will continue to support the Clay Center and the Read to Lead program.

The Clay Center offers undergraduate business students academic services, including advising, professional develop-ment and internship and CoOp opportu-nities. Its Read to Lead program connects incoming students through the collective reading of one book during the summer before their freshman year.

Funding from EY came from over 200 Villanovan employees. This initiative was driven by three leadership gifts pro-vided by Bob Muhall ’80 VSB, Michael Neary ’84 VSB and Arthur Tully ’10, ’13 PA. Their donations will support the Clay Center’s programs, staff and students.

EY employees made personal donations to support the Clay Center at VSB.

This year, VSB has taken the brand to new heights through increased presence in various popular social media outlets. On LinkedIn, you will fi nd VSB’s brand new page, an eff ective professional channel that allows VSB to showcase its business programs. Through Facebook and Twitter, VSB keeps students engaged with upcoming events at the school, from the live fi lming of Mad Money to the Dialogue with the Deans events.

Follow @VU_Business and @VSB_Dean on Twitter to stay up to date on all things VSB.

Villanova School of Business

Villanova School of Business

@VU_Business@VSB_Dean

Social Network


ERNST & YOUNGCOMPLETES $500,000 ENDOWMENT TO CLAY CENTER

faculty achievements

MICHAEL L. CAPELLA NAMED ASSOCIATE DEANMichael L. Capella, PhD, associate professor of marketing, has been appointed Associate Dean for Graduate and Executive Business Programs at VSB. In this role, Dr. Capella leads efforts to ensure the increasingly high level of academic quality of

the VSB graduate business programs, as well as corporate educational programs. He partners with faculty and administration to provide strategic and academic direction to graduate programs, keeping with the overarching mission and strategy of VSB and the University.

Dr. Capella joined the VSB faculty in 2005, after earning his PhD in marketing from Mississippi State University. Recently named the Villanova School of Business Emerging Scholar in Marketing, Dr. Capella has publications and accepted manuscripts in leading journal outlets including the International Journal of Research in Marketing, Journal of Retailing, Journal of Public Policy & Marketing, Journal of Business Research and Journal of Advertising. His research has won several awards, including the 2008 Journal of Advertising Best Article Award.

During his tenure at VSB, Dr. Capella has taught courses at both the graduate and undergraduate level. He served as the Faculty Program Coordinator for the International Ambassadors Program in Rome, Italy. Dr. Capella has also taught abroad as a visiting faculty member at American University of Rome, Munich School of Management at Ludwig Maximilians University and University of Klagenfurt, Austria.

Prior to his doctoral pursuit, Dr. Capella spent nearly 10 years in professional sales management with an international food manufacturer. His industry experience involved account management and relationship marketing with large retail grocery chains, national restaurants, wholesale accounts and channel intermediaries.


DR. HILL WINS MULTIPLE AWARDS

The United States Association for Small Business and Entrepreneurship (USASBE) recognized John Pearce, PhD, VSB Endowed Chair in Strategic Management & Entrepreneurship, as an Exemplary Scholar. This distinction, which is awarded annually, identifies a distinguished academic in the field of entrepreneurship.

Dr. Pearce received the Exemplary Scholar honor at the 2013 USASBE conference in San Francisco. He also participated in a special session at the Doctoral Consortium, during which an elite group of PhD students who are pursuing a career in entrepreneurship gathered with practitioners for career enhancements and networking.

A leader in the field of entrepreneurship, Dr. Pearce has authored 40 articles, 15 of which have been published in the top three entrepreneurship journals. He has also served as an elected officer by the Strategic Management Society, the Southern Management Association and the Academy of Management, most notably as the first Chair of the Entrepreneurship Division. Additionally, he has served on 15 editorial boards, with a combined 25 years of service for Entrepreneurship Theory and Practice, Journal of Business Venturing and Journal of Small Business Management.


JOHN PEARCENAMED EXEMPLARY SCHOLAR

Ronald P. Hill, PhD, the Richard J. And Barbara Naclerio Endowed Chair in Business, recently received recognitions for his excellence in marketing and research. Dr. Hill was named the 2013 recipient of the Allan N. Nash Distinguished Doctoral Graduate Award from The Robert H. Smith School of Business at the University of Maryland. The award recognizes one Smith School PhD alumnus annually for outstanding research and teaching, as well as significant service contributions. Dr. Hill was also awarded the Marketing and Society Special Interest Group (MASSIG) “Lifetime Achievement Award.” Winners of this annual award have contributed a significant body of work in developing and advancing research in the marketing and society, public policy and/or the marketing ethics area. This award is given to individuals who exemplify outstanding scholarship in these fields. Dr. Hill is a well-known marketing scholar. He has held a number of editorial positions with publications such as the Journal of Consumer Affairs and the Journal of Macromarketing. Dr. Hill previously won the 2010 Richard W. Pollay Prize from the Sauder School of Business at the University of British Columbia, another lifetime achievement award.


Jeremy Kees, associate professor of marketing and the Richard J. Naclerio Emerging Scholar in Public Policy, and John Kozup, associate professor of marketing and director of the Center for Marketing and Public Policy Research, received the American Marketing Association Thomas C. Kinnear Research Award for their article “Understanding How Graphic Visual Warnings Work on Cigarette Packaging.”

VSB PROFESSORS WIN PRESTIGIOUS RESEARCH AWARD

faculty achievements


The Thomas C. Kinnear Research Award honors the article appearing in the Journal of Public Policy & Marketing that has made the most significant contribution to the understanding of marketing and public policy issues within the past three years. The award creates awareness of the important role that marketing plays in public policy initiatives and encourages authors to continue to produce high-quality commentaries, research analysis and case studies on public policy in the marketing arena. Kees’ and Kozup’s winning article examines the U.S. Food and Drug Administration’s tobacco control strategy that included placing graphic warning labels on cigarette packages that illustrate the harmful health effects of smoking. As a result of his work on this study, Kees appeared on the Early Show on CBS and commented on the topic in articles that appeared in Businessweek, Forbes, Yahoo! News, MSN Money, The Huffington Post and many other media outlets.

Jeremy Kee

s

John Koz

up

“Building and Scaling a Cross-Sector Partnership: Oxfam America and Swiss Re Empower Farmers in Ethiopia,” a case co-authored by Jonathan Doh, PhD, the Herbert G. Rammrath Endowed Chair in International Business and director of the Center for Global Leadership, won second place in an international case writing competition sponsored by the oikos Foundation. The oikos Foundation is a large international foundation based in Switzerland that supports research and teaching around social innovation, entrepreneurship and sustainability. The oikos annual case-writing competition is intended to promote the development of new high-quality teaching cases in the areas of sustainable management and strategy.

MANAGEMENT PROFESSOR

WINS PRIZE IN INTERNATIONAL CASE COMPETITION

alumni spotlight

Patrick funds and presents the Meyer ICE Awards to honor students and faculty for their innovative work. Patrick even designed the awards and this

year expanded the number of awards to include all the colleges at Villanova.

“Patrick had a vision for VSB to stress the importance of innovation and creativity through the establishment of the Meyer ICE Awards. As the ICE Center continues to grow, it became important for us to recognize students and faculty in all schools who promote the values encompassed in the Meyer ICE Awards. Patrick’s dedication to ICE and VSB is evident in the time he commits as a member of the ICE Center

Advisory Council and to events like Pitch Day,” said II Luscri, director of the ICE Center.

Patrick’s award-winning book, Steve Jobs and the World of Mobile: Insights For The Future, has been assigned to students in VSB’s Mobile Applications Development class. Patrick

provided copies of his book for all attendees of Pitch Day 2013. Additionally, all profits from the sale of his book are donated to VSB.

“Many people inspired and helped me, and the way I thank them is by helping someone else.” said Patrick. “I’ve made Villanova my conduit for giving back – the ICE Center is a differentiator for every aspect of VSB. Innovation is needed across all disciplines.”

To buy Patrick’s new book, go to amazon.com.All profits benefit VSB.

Patrick Meyer ’74 VSB was born with innovation in his genes. His father, C. Paul ’30 COE, founded his first company making tractor attachments based on the knowledge he gained at Villanova. Patrick’s mother was a creative director at a top advertising agency, and his brother, Edward ’86 VSB, works in innovative products for Victoria’s Secret.

Even with his family’s passion for entrepreneurship, Patrick describes his younger self as a follower. “I was a late bloomer, and not a leader, until I came to Villanova,” Patrick remembers. “I walked into Bartley Hall and the world broke wide open to me. I was inspired.”

“I thrived at VSB and came out like a rocket—completely excited about the business world. I made life-long friends and we always talked about our dreams of positively impacting the world and making our mark.”

Patrick did just that. He is currently partner and chief marketing officer for Thinaire, the leader in mobile NFC Transmedia Solutions. Over the years, he built and re-invented many Fortune 500 brands/businesses—attaining line marketing experience at The Coca-Cola Co., Gillette and Nabisco as well as holding senior consulting roles for Miller Lite, Jeep/Dodge/Chrysler, Virgin, Pepsi, Volkswagen and Unilever.

Throughout his career, Patrick never forgot his dream of positively impacting the world. He helped found VSB’s Center for Innovation, Creativity and Entrepreneurship (ICE Center), and every year

PATRICK MEYER ’74 VSB

“I walked into Bartley Hall and the world broke

wide open to me. I was inspired.”



VA L L E Y N OVAA s t u d e n t r e c o u n t s h i s e x p e r i e n c e i n t h e S i l i c o n Va l l e y

by Liam Miller ’14 VSB

Growing up in the San Francisco Bay Area, I was aware of the legend of the Valley. It was not long ago that the area transformed from orchards into the world’s epicenter of technological innovation. When I came to Villanova, I discovered the ICE Center, which brings together students from various academic disciplines and across colleges to share knowledge and experience in an effort to come up with creative solutions to problems. Among its many programs, I was specifically interested in Villanova in the Valley (VinV).This past January, I helped II Luscri, director of the ICE Center, lead the trip to the Silicon Valley.

Villanova in the Valley is an opportunity for Villanova students from all five colleges to experience the innovation and entrepreneurship taking place in Silicon Valley. It aims to teach students more about the issues and obstacles the most innovative companies in the world face and how they solve them in a creative and collaborative manner. Since its inception in May 2012, two delegations have traveled to the Valley for five days of site visits and special events. The most recent VinV trip attracted interest from business students, liberal arts students, engineers and nurses interested in learning about new ways

to solve old problems. The selection process for the delegation is competitive, and the chosen students are required to participate in a number of pre-trip meetings.

The theme for the program this time around was Innovation and Technology: Redefining How We Work, Live and Play, and we heard from a high caliber of participating speakers. Coordination of the program was made successful through the hard work of alumni living and working in Silicon Valley, namely Mike Gardner ’67 LAS and John Igoe ’63 COE. Having enjoyed an illustrious career in technology, Mike introduced the Villanova group to a number of well-known Valley icons and rising stars. Mike not only invited many of his close friends and colleagues to speak, but was integral in putting the theme of the trip into context for the participants.

Throughout the week, we interacted with executives and thought leaders, and were fortunate enough to meet with organizations ranging from single person ventures to Facebook and Google. We were able to gather unique perspectives from venture investors, consultants and academics on the history and ecosystem of

the Valley. The executives did not view their jobs simply as means to an end, but as a mission to do something bigger—to make an impact. Their work contributes to a greater good—the latest cancer drug, a more connected world or ubiquitous communication. The passion that is embedded in their corporate cultures drives them to be successful. Employees believe in the greater mission of the company and strive to attain it. This kind of motivation is incredibly powerful, and it is what drives success in Silicon Valley. It also is part of the mission of VSB and Villanova.

The VinV program had a significant positive impact on my professional aspirations. It affirmed my decision to work in the technology industry. I was proud to show off the Bay Area to fellow Villanovans, and it also gave me a great opportunity to meet and network with Villanova alumni in California. I appreciate the faculty and staff who recognize and nurture the creativity in students—it is one of the things that makes VSB special.

Look for more information about the next VinV at www.villanovaice.com


“We were fortunate enough to meet

with organizations ranging from single

person ventures to Facebook and Google.”

John Igoe ’63 COE, director of real estate, design and construction at Google

John Hennessy ’73 COE, president of Stanford University

THOMAS “TIM” MONAHAN, PhD

Thomas “Tim” Monahan, PhD, John M.Cooney Endowed Professor of Accountancy and Information Systems, who has experience as a teacher, researcher, consultant and dean, understands connections between disciplines. What first attracted him to Villanova was the balance offered between teaching, research and the ability to consult, a benefit still at the core of the Villanova education model.

Dr. Monahan’s background speaks to his interest in the multidimensional nature of business disciplines. He graduated from Hofstra University with a degree in economics and worked for several years at Becton, Dickinson and Company, a medical technology company. After earning his MBA from Rutgers University, he decided to give teaching a try. He started teaching at LaSalle University and shortly thereafter pursued his doctorate at Temple University.

“I started in the finance department, which appealed to my background in economics, but I wanted to apply my economics and finance background to solving business problems,” explained Dr. Monahan. “This is what led me to the accounting discipline, which is more problem-oriented.”

Interdisciplinary connections continued to be apparent in his studies and quickly became the basis of his teaching philosophy. Dr. Monahan developed this philosophy into a program through VSB’s Executive MBA program, which incorporates the theory of systems thinking. By giving students foundational skills within traditional business disciplines and then applying a multidisciplinary approach to identifying business problems, students learn to develop solutions from an interdisciplinary, systemic perspective. “The competitive advantage of

faculty spotlight


talents among the community has kept Dr. Monahan here for over 30 years. He is continually impressed by students’ intelligence and involvement, and recognizes that faculty members highly respect their students. Dr. Monahan saw this in action when he served as the dean of VSB from 1996 to 2003.

Dr. Monahan continues to teach auditing and accounting courses at the graduate and undergraduate level, and will soon be teaching in the multidisciplinary Financial Management and Reporting class. A combination of fi nance and accounting, this

course is about integration. To Dr. Monahan, this replication of the real world in the classroom is yet another example of what makes the VSB learning experience unique.

“The competitive advantage of the EMBA program is our connection

to business”

the EMBA program is our connection to business,” says Dr. Monahan. “Connecting to executives helps our faculty build bridges to practical applications and leads to executive engagement in the program.”

Dr. Monahan stays connected to executives through his extensive consulting work, having served over 30 Fortune 100 companies. Most recently, Dr. Monahan worked with Dow Chemical on an international program offered to high potential executives to update their business acumen. He also consults with 3M’s global management directors in a training program. Dr. Monahan has served on the Board of Directors for Ariba for several years as well, allowing him to apply theory to practice.

The unique learning environment at VSB and the

On September 18, Pamela Ryckman, journalist and author of Stiletto Network, delivered a talk titled “How Women’s Networks Are Shaping Business.” This special event was sponsored by the Villanova Women’s Professional Network, and attracted a substantial crowd of businesswomen, students, alumni, faculty and staff .

Stiletto Network is a story of female friendship disguised Stiletto Network is a story of female friendship disguised Stiletto Networkas a business story, a tale of women banding together to improve lives, companies and communities, to achieve their dreams and change the world. During the past few years, women’s groups have been coalescing in every

major American city. Formidable ladies across industries are convening at unprecedented rates, creating salons, dinner groups and networking circles, and collaborating to achieve

clout and success. Each group may have no more than 10 women, but in aggregate they number in

the tens if not hundreds of thousands of women nationwide. A new girls’ network is alive and set to

hyper-drive, and Stiletto Network is the fi rst book Stiletto Network is the fi rst book Stiletto Networkto shed light on this groundbreaking movement.

years, women’s groups have been coalescing in every major American city. Formidable ladies across industries are convening at unprecedented rates, creating salons, dinner groups and networking circles, and collaborating to achieve

clout and success. Each group may have no more than 10 women, but in aggregate they number in

the tens if not hundreds of thousands of women nationwide. A new girls’ network is alive and set to

hyper-drive, and to shed light on this groundbreaking movement.


WOMEN’S PROFESSIONAL NETWORK EVENT WITH PAMELA RYCKMAN

student achievements


Hudish represents the FUTURE OF ADVERTISING

Molly Hudish ’13 VSB won the Philly Ad Club “Philly’s Future” Scholarship Award. The award acknowledges students who represent the future of advertising and are pursuing careers in Philadelphia. Molly was the first place winner, receiving a $5,000 scholarship and an internship during the summer of 2012. The Philly Ad Club is a nonprofit organization made up of over 2,200 advertising, marketing, media, PR and interactive professionals working together to improve and promote the advertising industry.

During her time at Villanova, Molly was a member of Phi Kappa Phi Honor Society, Beta Gamma Sigma International Business Honor Society, Marketing Society and Women in Business

Society. She was also an active member of the Innovation, Creativity and Entrepreneurship Certificate Program, Special Olympics, Villanova Ambassadors and Bigs & Littles.

After receiving the award, Molly said, “Receiving the Scholarship was an unexpected, but more than pleasant, surprise for me. I am deeply grateful to Dr. Bennett for her nomination and the Philly Ad Club for their appreciation of my hard work. ” Molly graduated with a major in marketing and a specialization is Business Communications. Molly is launching her professional career at Johnson & Johnson as a member of their McNeil Marketing Leadership Development Program.

Maria Campanile ’13 VSB was honored with the Sister Mary Margaret Cribben Award for her achievements as a student athlete and a leader. Maria, an accounting major, was captain of the Villanova women’s water polo team for two years. The Sister Mary Margaret Cribben Award, established in 1985, is given to one male and one female athlete who unselfishly sacrifices time, effort, body and soul to lead and motivate their teammates in excelling through inspiration.

Maria was recognized for her passion and devotion to her teammates, Villanova athletics and the entire Villanova community. In addition to her four-year involvement with the water polo team, Maria was a three-year representative of the Student Athlete Advisory Committee, a peer advisor in VSB, a member of the Beta Alpha Psi Accounting Honor Society and a member of the Athletic Leadership Institute.

After learning of her award Maria said, “I feel honored and excited. Four years of hard work paid off. I’ve put everything into Villanova for four years.” Maria has accepted a job with PricewaterhouseCoopers in Chicago.

Accounting students reach

NATIONAL FINALS

CAMPANILE TAKES HER LEADERSHIP TO DRY LAND

“I’ve put everything

into Villanova”


A team of VSB students was named one of five national finalists in the PricewaterhouseCoopers (PwC) Extreme Accounting (xACT) Compe-tition. Joseph Brady ’15 VSB, Douglas Jadis ’15 VSB, Nicholas LaTorre ’15 VSB, Christian Ludwig ’15 VSB and Richard Ulrich ’15 VSB comprised Villanova’s team. As a finalist, VSB’s student team received $10,000. The xACT challenge is a high-level case com-petition that tests students’ critical thinking, decision making, collaboration, time management and presentation skills. Each team has two weeks to develop a solution to a real-world accounting issue, which they then present to a panel of PwC representatives. The winning team from each par-ticipating campus is considered to compete in the national finals in New York City, but ultimately only five teams are chosen. Nearly 50 schools from across the country participated this year in the xACT competition.

Joseph Brady ’15 VSB, Douglas Jadis ’15 VSB, Nicholas LaTorre ’15 VSB, Christian Ludwig ’15 VSB and Richard Ulrich ’15 VSB

“The team did an outstanding job at the xACT finals in NYC. Many people told me how impressed they were with our team,” said Kenneth Hiltebeit-el, PhD, who advised the team along with James Borden, PhD. This marks the fifth occasion that the VSB team has reached the finals in the xACT Competition.

JIM CRAMERT A P E D T H E T E L E V I S I O N S H O W

MAD MONEY

D U R I N G A D A Y - L O N G

V I S I T T O C A M P U S .

VSB HOSTED C R A M E R A N D C N B C

R E P R E S E N T A T I V E S , A N D

H E L P E D P R O D U C E A N

U N F O R G E T T A B L E E P I S O D E

LIVE FROM THE PAVILION.


Over 800 students, faculty, staff and alumni attended the fi lming on campus.

Jim Cramer

NBC10, Philly.com, WMMR’s Preston and Steve and CNBC’s Squawk on the Street featured interviews with Cramer from Villanova’s campus highlighting VSB.

CREATIVE INVESTING Cramer’s late mother encouraged him to be creative and pursue writing, while his father stressed the importance of making a profit. Cramer initially followed a creative route and worked as a journalist. As a homicide reporter, however, Cramer did not have healthcare and wound up living in his car. At that point he realized he needed to make more mon-ey. But Cramer promised his mother that he still would be creative. From there, Cramer worked at Goldman Sachs, was a hedge fund manager and founded thestreet.com. He made the money he sought, but honored his promise to his mother by rediscovering his creativity through television. The entertaining and educational show Mad Money was born. “I was determined to not be poor,” said Cramer. “And I was determined to be creative. I did both.”B

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Jim visited with students in the Applied Finance Lab to give them advice on trading and the stock market.

Dean Maggitti became the first-ever business school dean that Cramer interviewed. The exclusive one-on-one interview circulated on Mad Money’s social media outlets.

“MY ROOTS ARE HERE; MY LIFE IS HERE”Cramer is deeply connected to Philadelphia. He lived in Bucks County, is a long-time Eagles season-ticket holder, still follows the Phillies (and can talk knowledgeably about their pitch-ing), has family in Philadelphia and visits the area twice a month to see his father. He is no stranger to the great cheesesteak debate in Philadelphia, and passionately maintains a commit-ment to Geno’s. “Birthdays at Geno’s are a hallowed tradition,” said Cramer of the Philadelphia staple. He may live outside the Philadelphia area, but he has not left it behind. “I’m a Philadel-phian who lives in Summit, New Jersey,” he proudly declares.

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Through a combination of Villanova and Mad Money 7.9 million users read about Mad Money at the Villanova School of Business. The tone of these tweets was particularly positive and enthusiastic.

“MY MISSION IS FOR PEOPLE TO KNOW MORE ABOUT THE MARKET” Cramer combines the stock market with entertainment. “I have to make it fun because it’s really boring…no one’s made it interesting.” By making investing more exciting, Cramer hopes he will educate people on the market and economy, which will help them make better financial decisions. “If they’re interested in their money they will be a better investor.” They will also find navigating the stock market to be enjoyable and will value the successes they see from their decisions. Cramer believes the stock market is for everyone, and his goal is to make investing less daunting and more accessible to all. “People wish they knew more and don’t know how to crack into it because it can be such a dense topic…I try to make it understand-able.”

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52,170 users re-tweeted messages related to Mad Money at Villanova and 637,237 users tweeted and replied to Cramer’s messages about the show at Villanova.

THE EARLY BIRD GETS THE WORMCramer believes in hard work. He encourages students to consistently stay one step ahead at all times. And he knows what young business leaders need to do in order to succeed. “Set the alarm at quarter of four,” Cramer said, “because you’ve got to beat everyone. The bad guys get up early and you’ve got to get up early. And the bad guys are everybody else that you’re competing with, and they are bad and you are good. The good guys get up earlier than the bad guys.”A

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ICE


New, innovative ideas are often the product of an unlikely pairing. Tom Krueger’s ’11 VSB story ex-emplifi es that concept, in more ways than one. Not only did he connect with his business partner in an unexpected way, but the two came up with a business idea that brought together dissimilar func-tions: organization and socialization.

The summer after his sophomore year, Tom was studying abroad in London when he met Eric Ad-ams ’11 LAS. Tom and Eric discovered that not only did they both go to Villanova, but they were also from the same area in Massachusetts and had attended rival high schools. They soon realized they shared another commonality: they wanted to start a business. Before long, Tom and Eric began brainstorming, bouncing ideas off each other and riffi ng about problem areas for which they could invent a solution. The duo found that they kept coming back to the issue of time management.

The fi rst iteration of Tom and Eric’s brainchild, called NovaPlanner, targeted students. An online calendaring system, it helped active students stay on top of their courses, extracurricular activities, assignments and meetings. After building a rudi-mentary prototype of the platform, Tom and Eric deployed the tool in a few classrooms, including that of Peggy Chaudhry, PhD, associate professor of management at VSB. Within months, the number of active users jumped to 4,000, and 12 schools im-plemented NovaPlanner in their classrooms.


COLLABORATION ON CAMPUS SPURS NEXT BIG SOCIAL MEDIA WAVE

COLLABORATION ON CAMPUS SPURS NEXT BIG SOCIAL MEDIA WAVE

During the remainder of their time as undergrad-uates at Villanova, Tom and Eric continued to refi ne their business plan and pitch. In their se-nior year at Villanova, they caught the attention of a major Boston-based venture capitalist, who became their primary investor. Taking advantage of this momentum, Tom and Eric met with—and wowed—other potential investors. Through the help of the ICE Center, they presented their idea to alumni, and soon secured Ned Moore ‘90 VSB, co-founder, chairman and CEO of Clutch, as an investor as well.

Today Tom and Eric’s company is known as plannedUp. PlannedUp—a mobile based evolu-tion of the NovaPlanner concept—allows users to share schedules by synchronizing with existing calendar systems. By creating a network of shared calendars with friends, users can stay in the loop with friends, comment on events and even share and save photos within the calendar network. The new highly-anticipated social platform will be unveiled soon!

Villnova Business 23

Tom Krueger ’11 VSB (left) and Eric Adams ’11 LAS founded new company plannedUp.

student spotlight

Chris Jones ’13 VSB experienced his fi rst ‘aha mo-ment’ in 2008 when he was still in high school. While at a sporting event in Delaware, Chris and his sister Catherine noticed many seats in the stands were left unused. Chris saw the empty space as a waste and thought about the impoverished or disadvantaged youth who would be thrilled to fi ll those seats. Inspiration hit him: the arenas could offer seats to children in need and avoid vacant fan sections, and children in need could have the chance to participate in a fun outing that they could only dream about previously. Chris and Catherine shared the idea with their family, and the Kind to Kids Foundation was born.

The Jones family was all too familiar with the plight of children in need. Chris’s mother, Caro-line Jones ’80 CON, worked with foster children as a Court Appointed Special Advocate in Family Court. “She heard countless heartbreaking stories

about children who were ignored, beaten, living in poverty,” Chris said. “She knew that many foster children had never been to a baseball game, seen a live performance, received a toy during the holi-days or even had their own cake on their birthday. We started Kind to Kids to change that, to give these children a reason to smile.”

Chris’ idea came to fruition—and then some. To accomplish the mission of bringing joy into the lives of victims of child abuse, neglect and poverty, Kind to Kids identifi ed ways to comfort children entering foster care, give them positive life expe-riences and offer them educational programs and supplies. The Foundation began partnering with a large number of prominent entertainment ven-ues and groups, such as the Philadelphia 76ers, the Philadelphia Eagles, Longwood Gardens, Grand Opera House, Delaware Children’s Theatre, Wilm-ington Blue Rocks and many more, to provide fos-

CHRIS JONES ’13 VSB


ter children with access to a variety of artistic, ath-letic and cultural events. Soon Kind to Kids took on volunteers, a staff and a Board of Directors. The list of supporters grew, and the number of foster children touched by Chris’s idea grew as well.

Today, Kind to Kids is a 501(c)(3) nonprofit orga-nization that has served over 7,000 children and has given them opportunities to enjoy entertain-ment at ticket values in excess of $100,000. The Foundation also expanded its services to include the My Blue Duffel program, through which each child entering foster care in Delaware receives a piece of luggage, a hand-knit blanket and an in-spirational book, and the LifeSkills education pro-gram, which prepares foster teens to lead self-suf-ficient lives after aging out of the system at 18 by teaching them about money management, career skills, self-care and more.

Chris is still actively involved with Kind to Kids. He volunteers at events, provides office support, pitches the organization at various community events and helps fundraise at every chance. More-over, Chris acts as a consultant for Kind to Kids, using the lessons he learned at VSB to improve the foundation. “My education has taught me to iden-tify a problem and work to create a fact-based solu-tion,” he said. “Through working on group projects and learning to craft business plans, I have been able to create strategies to improve Kind to Kids and better help the children in need. Being at Vil-lanova, I also learned about the importance of ser-vice and caring for the community.” Chris is a true example of VSB’s pillars in action.

For more information on the Kind to Kids Foundation, please visit kindtokids.org.



EMBA 2.0

EMBA Curriculum: Six content streams are woven throughout the 21-month EMBA experience to ensure holistic learning.

1 Systems Thinking and Design

2 Leadership Development

3 Measurement & Performance Systems

4 Global Markets & Environment

5 Technology, Innovation & Growth

6 Ethics & Corporate Responsibility

When then-dean, Thomas (Tim) Monahan, PhD, the John M. Cooney Endowed Professor in Accountancy and Information Systems, launched the Villanova Executive MBA (EMBA) program in 2000, he did not simply reformat the traditional MBA program. He envisioned the EMBA curriculum to provide a different level of learning.

Executive MBA students typically have more years of professional experience than traditional MBA students. The curriculum needed to offer skills to educate the next round of senior leaders. To determine the best way to meet that objective, Dr. Monahan met with a variety of CEOs and asked them what Villanova should be teaching their top talent. The consistent answer was the need to teach future leaders to think differently; to approach issues from a holistic standpoint; to give students a framework to correctly identify issues and create solutions that worked throughout their entire organization. Dr. Monahan then created an EMBA program to teach upcoming leaders, regardless of their specialty or area of responsibility, how to look at an organization as if they are the CEO – a discipline called Systems Thinking.

At VSB, Systems Thinking is led by one of the original contributors to the concept—Jamshid Gharajedaghi. Systems Thinking equips students with an interdisciplinary, strategic approach to problem solving, encouraging them to think beyond functional silos and appreciate how their actions affect an organization as a whole. The transformative, problem-solving approach that Systems Thinking provides enhances the skills that students take back to their organizations – and is unique to VSB’s program.

Although the EMBA program was updated periodically since its introduction, over the past two years, Dr. Monahan spearheaded a critical reevaluation of the EMBA curriculum. Incorporating EMBA alumni feedback and advances in new business topics, new content streams were introduced to ensure integration with Systems Thinking. New courses in buyer behavior, negotiation, corporate governance and analytics were incorporated. Best-in-class courses from other colleges within the University, such as a sustainability course from the College of Engineering, are being considered for cohorted


Highlights of EMBA 2.0• Introduction of iPads, BYOD (device) and electronic content delivery

• 10 new faculty members including 3 department chairs

• Streamlined schedule to further allow a healthy work-life-school balance

• 10+ refreshed courses

• 4 new courses: buyer behavior, negotiation, corporate governance and analytics

• 2 cohorted electives

electives. “This latest revision to the curriculum is the most comprehensive to date,” said Dr. Monahan.

One characteristic of the program that remains unchanged is the spirit – and the community – of the program. Holding true to Villanova University’s Augustinian roots, the EMBA classroom is one of collaboration, a dynamic and safe space that allows for a free exchange of ideas. Students often bring work problems or projects to solve in class with their classmates. Peer learning is just as vital to the program as learning from faculty. EMBA faculty describe the classroom experience as “structured discovery” where they can also learn from the students.

Systems Thinking remains at the heart of the Villanova EMBA, and the program is fortunate that Jamshid continues to lead that learning. He teaches that “a system is more than the sum of its parts.” This mantra continues to hold true with the Villanova Executive MBA. The combined impact of the curriculum, the faculty and the classroom environment all contribute to a transformational experience.

We invite you to learn more by visitingemba.villanova.edu.

After nearly three decades of service to VSB, Fi-nance Professor Robert T. LeClair, PhD, made a generous one million dollar gift to the school. A graduate of the University of Pennsylvania, where he received his bachelor’s degree, and of North-western University, where he earned an MBA and a PhD, Dr. LeClair is not an alumnus of Villanova. However, Dr. LeClair felt strongly about making a gift to a place he considers to be very special. “Vil-lanova has been my professional home for almost 30 years,” said Dr. LeClair, “and I wanted to do something to recognize that and to pay Villanova back for providing for me and taking care of me for the past 30 years.”

Dr. LeClair’s gift to VSB led to the creation of the Robert T. LeClair International Scholars Fund. The primary purpose of this fund is to promote programs that advance international scholarship at VSB. Specifically, the fund will provide support for foreign students attending VSB, foreign professors/lecturers teaching at VSB as visiting scholars and VSB students who wish to study abroad but need financial assistance. The intention behind his gift, according to Dr. LeClair, is that the fund would make possible a unique learning exchange between countries.

“I’m hopeful that the experience will work in both directions,” he said. “Foreign students coming here would have opportunities previously unavailable to them, and it would be a rich experience for them to take advantage of all Villanova has to offer. It would also create a situation where our domestic students could interact with folks from abroad, to learn more about foreign students and countries, and to share those experiences.”

The nature of the fund is fitting, given Dr. LeClair’s devotion to international business scholarship. For the past 20 years, he has taught in Italy, and he has led VSB’s international studies summer program in Rome for the past 15 years. This collaborative pro-gram is a six-week experience during which Villa-nova students take courses at the John Cabot Uni-versity and learn about global business practices. Dr. LeClair has also conducted research in the area of international finance, and he teaches a number of international business courses at VSB.

Thanks to Dr. LeClair, who now joins the Uni-versity’s distinguished 1842 Heritage Society that recognizes donors who have included Villanova in their estate plans in various way, VSB is able to enhance the learning opportunities for its own students as well as for those international students who wish to join our community.

“Dr. LeClair’s generosity promotes cultural collab-oration, international business education and first-hand global experience. The Fund also extends VSB’s international reach and provides students—both domestic and abroad—with the chance to travel and learn in a way that was previously un-attainable. We are incredibly grateful for Dr. Le-Clair’s generosity,” said Patrick Maggitti, The Hel-en and William O’Toole Dean.

donor spotlight

ROBERT T. LeCLAIR, PhD

“I wanted to do something. . . to pay

Villanova back.”


William K. Bacic ’78 VSB, ’10 PANew England Managing PartnerDeloitte & Touche, LLP

Daniel H. Bathon Jr. ’76 VSBGeneral Partner and ChairmanWindspeed Ventures, LLC

Richard Betz ’84 VSBExecutive Vice President & COOResolute Energy Corporation

James R. Boyle ’14 PAFormer PresidentJohn Hancock

George W. Coleman ’78 VSBVice Chairman, Global Equities DepartmentCredit Suisse

John J. Coneys ’73 VSBRetired Vice ChairmanPricewaterhouseCoopers LLP

Kevin M. Curley ’80 VSB, ’09 PAPresident and CEOCurley Financial Group, LLC

Kathie J. De Chirico ’08 EMBACOO & Executive Vice President, Brand StrategiesRobin Baron Design Group

James DeBlasio ’77 VSBChief Executive Offi cerNOVA Corporate Strategies

Andrew P. DiLoreto ’80 VSB, ’14 PAChairman and CEOInsight Catastrophe Group

Joseph J. Fico ’13 PAPresident and CEOTD Bank

Mark Ford ’11, ’15 PAExecutive Vice President & President, Sports GroupTime Inc.

Christopher Gheysens ’93 VSBPresident & CEOWawa, Inc.

Thomas Gilman ’73 VSBRetired President & CEOTD Auto Finance

Vahan H. Gureghian ’76 VSB, ’09 PAChief Executive Offi cerCSMI, LLC

Christine James ’91 VSBManaging Director, Institutional Client ServicesWells Capital Management

Thomas Klein ’84 VSBPresident & CEOSabre Holdings

Jeff rey Lagarce ’12 PAExecutive Vice PresidentFidelity Investments

Joseph Lamastra ’83 VSB, ’12, ’15 PAPresidentT Capital Management, LLC

Mr. Ronald LangstonPrincipalLangston Global Enterprises, LLC

Gerard S. LaRocca ’14 PAManaging Director, Chief Administrative Offi cer, AmericasBarclays Capital

Jeff rey C. LeSage ’82 VSBVice Chariman - TaxKPMG LLP Chairman’s Offi ce

Patrick G. Maggitti, PhDThe Helen and William O’Toole DeanVillanova School of Business

John D. McCarthy ’16 PAPresident & COOMcCarthy Tire & Automotive Center

Bill R. McDermottCo-CEO and Executive Board MemberSAP America, Inc.

Donough P. McDonough ’81 VSBManaging DirectorBoomerang Capital, LLC

Robert A. McMahon ’79 VSBLeader, US Policy & Government RelationsMerck & Co., Inc.

Jeff rey Miller ’79 VSBPresident Studio OperationsWalt Disney Studios

Robert F. Moran ’72 VSBPresident and CEOPetSmart, Inc.

Donald J. Musso ’81 VSB, ’14 PAPresidentFinPro

Thomas Quindlen ’84 VSB, ’13 PAPresident and CEOGE Capital

David E. Rutter ’84 VSBFormer Chief Executive Offi cerICAP Electronic Broking, LLC

Madonna Sutter ’81 MA (ex-offi cio)Associate Dean, External RelationsVillanova School of Business

Milissa M. Tadeo ’04 EMBASenior Vice President, Corporate Aff airsFederal Reserve Bank of Philadelphia

Michael J. Thomson ’80 VSBPresident and CEOSunCoke Energy, Inc.

William Tucker ’81 VSB, ’15 PACEOMediaVest USA

Arthur F. Tully ’10, ’13 PAPartnerErnst & Young

Thomas M. Venables ’78 VSBPresident and CEOTaramax USA, Inc.

Susan Wolford ’77 LASManaging DirectorBMO Capital Markets Corp.

The Dean’s Advisory Council (DAC) provides advice and guidance to the dean of the Villanova School of Business on important strategic initiatives under consideration at the school.

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Nonprofit organization

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PAIDVILLANOVA UNIVERSITY

800 Lancaster AvenueVillanova, PA 19085-1678

VILLANOVA EXECUTIVE MBA

IN PEER LEARNING BYTHE WALL STREET JOURNAL

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Ranked #1

Villanova Business Magazine Summer/Fall 2013

Documents

Transcript of Villanova Business Magazine Summer/Fall 2013