Archive for February, 2008
Thursday, February 21st, 2008
Sequent Energy Management hosted a reception in the Lavin-Bernick Center on Tulane’s Uptown campus on Feb. 20 to announce the recipients of two scholarships for students interested in pursuing careers in energy. Freeman students Michael Pearson (BSM ’08) and Walker Weston (MFIN ’08) each received a scholarship of $2,500 to further their pursuit of energy-related studies. In addition, Sequent awarded the Entergy-Tulane Energy Institute a gift of $25,000 to support research and programming. The awards were presented by Sequent President Doug Schantz.
Sequent Energy Management, a wholly owned subsidiary of AGL Resources Inc., is an energy company focusing on asset management and optimization, producer services, wholesale marketing and risk management.
Tuesday, February 12th, 2008
In January, 10 Freeman MBA students traveled to Bogota, Colombia, to spend a week studying global business with classmates from Colombia, Mexico and Venezuela.
The students are among the first participants in the Global MBA, a new curriculum for MBA students interested in broadening their international experience and taking on leadership positions in the Americas. The program, a joint-venture of Tulane and three prestigious Latin American institutions, comprises six courses in six different countries and enables students to earn a Master of Global Management degree in addition to their MBA while being part of a unique international cohort.
The Global MBA class.”The world is globalizing,” says Shane Price (MBA ’09), one of the Freeman students enrolled in the program. “I feel like the Global MBA will make me more marketable, because more and more companies are looking internationally to grow their business.”
In addition to the 10 Freeman students, the class includes 13 students from ITAM in Mexico City, 13 from IESA in Caracas, Venezuela, and nine from Universidad de los Andes in Bogota. Each student enrolled in the module is part of a multinational team with members from each of the four countries, creating a dynamic similar to what a manager might face on a multinational project.
“What makes this program unique is the international cohort,” says John Trapani, director of the Goldring Institute for International Business and one of the architects of the program. “Students can gain a greater understanding of global business by studying and interacting with international classmates than they could otherwise. And once the program is completed, each student will have an international network of colleagues in three other countries to draw upon. For students interested in working in the Americas, that’s a tremendous advantage.”
“The international cohort is what attracted me to this program,” says Christian Galvin (MBA ’08). “You’re truly part of an international team. You learn together, you’re studying and doing case projects together. You’re getting all those perspectives at once to gain a better understanding of how to approach an international project.”
“It’s really different to be in a classroom with people from other countries,” adds Teresa Davies-Martinez (MBA ’09). “Their mindsets are different and you learn a lot about the different cultures. There are even differences between the Venezuelan and Colombian students. You just learn a lot more about different places and the differences in cultures.”
In addition to the two courses already completed, the program will include upcoming courses in Paris, Shanghai or Beijing, and Sao Paulo before concluding with course on global supply chains in New Orleans in January 2009.
Tuesday, February 12th, 2008
The Financial Times isn’t the only prestigious publication to rank the Freeman School highly in recent months. The Wall Street Journal, Entrepreneur, Forbes, U.S. News & World Report, and Latin America’s AméricaEconomía and Expansion have each ranked Freeman among the best in recent surveys.
The rankings kicked off in August, when Latin American business magazine AméricaEconomía ranked Freeman 17th among U.S. business schools and 26th internationally on its list of the best global MBA programs for Latin Americans. AméricaEconomía also ranked the Freeman School’s MBA of the Americas Executive MBA program, a joint venture with Universidad de Chile, 17th on its list of the best Latin MBA programs.
Also in August, Mexican business magazine Expansion ranked the Freeman School 28th among U.S. business schools and 48th internationally on its list of Best Global MBAs. The ranking is based on diverse criteria including average GMAT score, student selectivity, percentage of PhD-level faculty, research quality, average salary of graduates, percent employed three months after graduation, and reputation among recruiters.
Closing out the month, the Freeman School’s BSM program was ranked 48th by U.S. News & World Report on its list of the best undergraduate business programs.
In September, the Freeman School broke into The Wall Street Journal’s ranking of the top MBA programs for the first time in seven years. The Wall Street Journal ranked Freeman 48th on its list of regional MBA programs. Unlike other surveys, the Wall Street Journal ranking is based entirely on the opinions of MBA recruiters. The Wall Street Journal/Harris Interactive contacted more than 4,000 MBA recruiters and asked them to rate schools with whcih they had had contact. The recruiters provided a total of 6,151 school ratings. Of the 256 schools eligible for inclusion, only 86 received the necessary minimum of 20 recruiter rankings.
Also in September, Forbes magazine ranked Freeman 44th in the nation and 28th among private universities in its biennial ranking of top MBA programs. The Forbes survey is unique in that it ranks schools based on their return on investment, meaning compensation five years after graduation minus tuition and foregone salary during school. Freeman ranked 51st on the list in the magazine’s 2005 survey.
In October, the Freeman School’s Executive MBA program was ranked the 38th best in the U.S. and 74th internationally by the Financial Times in its annual executive education report.
And, finally, in November, Entrepreneur magazine and the Princeton Review ranked the Freeman School 15th on their annual list of Best Graduate Programs for Entrepreneurs. It was the second straight year Freeman made the magazine’s list of top programs for entrepreneurs. Entrepreneur and the Princeton Review surveyed more than 900 schools for this year’s ranking, a 30 percent increase over last year, and they evaluated entrepreneurship programs on key criteria including academics and requirement, students and faculty, and outside-the-classroom support and experience.
Tuesday, February 12th, 2008
Bert Cannella has spent several years studying knowledge creation and how new ideas emerge in organizations, and after a good deal of research, one thing appears clear: If you want to stay on the cutting edge, grow and maintain your network.
In a series of papers coauthored with Ann McFadyen, Cannella found that biomedical researchers at Baylor University and Johns Hopkins University who worked with different colleagues over time were more productive than those who worked with the same people. The results of the study have been published in Academy of Management Journal and Strategic Organization. A third paper is currently under review at Organization Science.
“In order to stay on the cutting edge, researchers have to frequently add new people to their networks over time,” Cannella explains. “I think the same thing holds true for executives in a lot of cases. As times change and as events occur, you need new people in your network. You can’t just work with the same people over time.”
Cannella is no stranger to studying the way executives work. Since earning his PhD from Columbia University in 1991, Cannella has published more than 30 referred articles and delivered more than 40 refereed presentations on topics including corporate governance, entrepreneurship, knowledge creation, competitive dynamics, executive compensation, executive labor markets and related subjects.
Cannella joined the Freeman School in July 2007 as the Earl P. and Ethel B. Koerner Chair in Strategy and Entrepreneurship. Prior to joining Freeman, he served as the Hahnco Companies Professor of Strategic Management at Arizona State University. Prior to that, Cannella was the B. Marie Oth Professor of Management at Texas A&M University and director of the Center for New Ventures and Entrepreneurship.
Cannella says his study of biomedical researchers suggests that the best network for knowledge creation is one in which an individual has close ties to a group of colleagues, but those colleagues don’t know each other and aren’t tied to each other.
“As you bring in new people who aren’t connected to your existing circle of friends, you get these really fresh perspectives,” Cannella says. “You get some new ideas and new ways to take things, which is really helpful. A much less productive situation is where you’re part of a team where everybody works together on a variety of issues. There’s no fresh ideas. New insights are hard to come by in that kind of setting.
“I’m not saying you should discard your old friends,” Cannella adds, “but you need to be working with some new people.”