Haas NewsWire

Haas NewsWire, February 7, 2000

MBA Classrooms Welcome Business Leaders as Guest Speakers
Teece Joins the Microsoft Debate Line-Up for Tuesday, February 8
First Haas International Conference to Focus on "Who Controls the Capital Markets?"
Alcoa Chairman to Give the Third Annual Peterson Ethics Lecture
Three Haas Woman Entrepreneurs Shine at Springboard 2000
Cole and Drucker Win Andersen Consulting Award
IMIO Shares in Gift to UC Berkeley
Haas in the News
Faculty News
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The Haas School is taking full advantage of its location in the heart of the New Economy and proximity to Silicon Valley this semester by welcoming a sizable number of high-caliber business executives to the classroom. Members of the Haas faculty have invited CEO's, founders, chairmen, and VP's from a wide variety of industries to share their knowledge and experience with Haas MBA students.

"The Haas School has always prided itself on being the best at theory and practice," said Andy Shogan, associate dean of instruction, "The Financial Times ranking us number one in research illustrates the former and the involvement of these outside speakers illustrates the latter."

Dwight Jaffee, Booth Professor of Banking and Finance, who teaches "E-commerce and Real Estate" to both day and evening MBA students with colleagues Nancy Wallace, associate professor in the real estate group, Ken Rosen, professor of real estate and urban economics, and Brad Inman, lecturer, views the guest speakers as a crucial link, allowing the students to see the theories they learn in practice. Jaffee explained that the advisory board of the Fisher Center for Real Estate and Urban Economics played a large role in bringing in speakers, "Our board is comprised of 100 members of some of the largest real estate firms in the country." The class has a full slate of outside speakers including Don Fisher, founder and chairman of the Gap, who spoke to the class at the end of January, and Gary Dillabough, director of business development at eBay, who will speak later in the spring.

Guests to organizational behavior professor Jennifer Chatman's "Leading Change and Leveraging Culture" are asked to describe to the class the leadership challenges they have faced. "These speakers bring knowledge, experience, and a sense of the real challenges they face on a daily basis," she said. "They share with students how they think about these problems and how they develop solutions." Chatman's list of guest speakers includes UC Berkeley Chancellor Robert Berdahl; William "Rick" Cronk, BS 65, president of Dreyer's Grand Ice Cream; and Deb Bessemer, president and CEO of Hire Systems. She has chosen her speakers from widely different industries because she says she is, "trying to convey to students that business organizations are not that unique. My guess is that they will see more commonalities in what distinguishes a leader across contexts."

In a new course called "Health Management Seminar: E-health", Paul Gertler, professor and faculty director of the Graduate Program in Health Services Management and Kristiana Raube, lecturer and executive director of the Graduate Program in Health Services Management, have invited representatives from many areas of the healthcare industry. Their speakers include Richard Fiedotin, CEO of EPocrates.com (information systems for healthcare providers); Shawn Becker, co-founder of PlanetRX; Gary Lauer, president and CEO of Ehealthinsurance.com; and Steve Curd, COO of Healtheon/WebMD. "This is really an emerging field. Things are changing everyday - healthcare providers and information technology providers have the most information and insight into the problems," says Raube.

Also coming to Haas this semester to speak in Assistant Professor of Marketing Florian Zettlermeyer's, "Internet Strategy" course are Payam Zamani, the cofounder and vice chairman of Autoweb.com, and Mark Kvamme, the chairman of USWeb/CKS. Homa Bahrami, senior lecturer in the organizational behavior and industrial relations group, brought Igor Khandros, founder and CEO of Formfactor, and Betsy Lamb, their vice president of Human Resources to her "Managing Hi-Tech Knowledge Workers" course last month. Later in the semester Bahrami hopes to have Roger Lang, the founder and CEO of Infinity Financial Technology and Debra Engel, former senior vice president at 3 Com and now an angel investor (with Angels Forum).

Adjunct Professor Leo Helzel and Lecturer Noel Nellis are bringing Daniel Rubinfeld, UC Berkeley professor of law and economics, attorney James Kleinberg, and David Teece, Mitsubishi Bank Professor of International Business and Finance and director of IMIO to their "Top-Down Law Class" on February 8. In addition, Lucinda Watson has been running her "Lunch with Leaders" program all year, bringing MBAs together with industry leaders. Fall semester she scheduled Paul Hazen, MBA 64, chairman of Wells Fargo, and Andy Grove, cofounder and chairman of Intel, among others. This semester she is planning "Lunch with Leaders" events including Howard Lester, founder of Williams Sonoma, and Richard Blum, BS 58, MBA 59, founder of his own investment and merchant banking company in San Francisco.

Ben Hermalin, associate dean of academic affairs, commented on the guest speakers, "It adds a lot to the student's education. When it is done right, it can really help sell the material and course. It gives the students a sense of the real world application of the theories they study."

A Sampling of this Semester's Outside Speakers

"E-commerce and Real Estate"

"Leading Change and Leveraging Culture"

"Health Management Seminar: E-health"

"Internet Strategy"

"Managing Hi-Tech Knowledge Workers"

"Global Supply Chain Management"

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Arguing against the government's case, David Teece, Mitsubishi Bank Professor of International Business and Finance and director of the Institute for Management, Innovation, and Organization, will join the debate on the Microsoft Lawsuit planned for Tuesday, February 8 at 5:00 p.m. in the Andersen Auditorium. Teece, well known for his work on competition and anti-trust policy will argue the Microsoft side of the debate along with Attorney James Kleinberg of McCutchen, Doyle, Brown and Enersen. Daniel Rubinfeld, a UC Berkeley professor of law and economics, and former deputy assistant attorney general for antitrust in the Department of Justice, will argue the government's side of the case.

The debate is a special event for the "Top Down Law Class" taught by Adjunct Professor Leo Helzel and Lecturer Noel Nellis (Nellis will moderate the debate.) The event is free and open to the public.

Teece provides a window on what shape the debate may take by explaining his position, "The government is taking a very strong stand in a marketplace environment which is quite different from those in which antitrust jurisprudence was shaped. The meaning of a 'monopoly' may be quite different when new technological paradigms can overturn the old ones almost overnight. While not wishing to endorse Microsoft's every move, it appears that the government is showing considerable hubris. Its actions run the risk of hurting rather than helping consumers. Indeed, it's of note that most of the anti-Microsoft rhetoric is coming from Microsoft's competitors, not consumers, which should give us pause. The antitrust laws are supposed to protect competition, not competitors."

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The Haas School of Business' first Annual International Conference on the topic "Who Controls the Capital Markets" will take place at the Haas School on Saturday, March 4. Dean Laura Tyson and Haas Distinguished Global Visiting Professor Richard Portes are co-sponsoring the event in conjunction with the Clausen Center for International Business and Policy.

"New information technologies are transforming and integrating capital markets around the globe, creating new opportunities and new risks for businesses, entrepreneurs, regulators, and governments," said Dean Tyson. "Success in the global economy depends on knowing how to take advantage of the new opportunities and how to handle the new risks."

The conference brings top business players and policy-makers in the dynamic, high-stakes world of the international capital markets to Haas. Panelists will discuss the changes they have witnessed in the capital markets as a result of information technologies and the increasing globalization of business.

The panelists include Haas Professor Janet Yellen, former chair of the President's Council of Economic Advisors, and Lewis W. Coleman, Banc of America Securities, LLC, as well as international executives from the banking and finance industries. "I am especially delighted to be able to take advantage of Richard Portes's international reputation and expertise in the area of international finance," commented Dean Tyson.

The conference is open to students, faculty, staff, and alumni; registration fee is $30. The event will start at 8:00 am and end with Dean Tyson's closing remarks at 3:30 pm. Please register in advance by sending email to Christine Whitfield at whitfiel@haas.berkeley.edu.

The complete program for the conference may be found at http://haas.berkeley.edu/groups/pubs/haasnews/archives/iconf.html

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Paul H. O'Neill, director and chairman of Alcoa, will give the third annual Peterson Ethics Lecture on February 16. His talk, "Linking Values and Process to Create Extraordinary Results" will focus the changes he made at Alcoa during his tenure as CEO.

Globally, Alcoa is the leading producer of aluminum, fabricated aluminum, and alumina. During his tenure as CEO (1987-1999), O'Neill worked to improve processes and the work environment at the Alcoa plants. While reducing waste and worker safety are part of Alcoa's stated operating philosophy, O'Neill has also held a broader vision. In a speech to the Aluminum Association, O'Neill commented, "What we do in our individual lives and responsibilities matters, and the global climate change issue is one where I think those of us in positions of responsibility - if we're going to pretend to be leaders - need to actually lead and not wait for somebody to hammer us into submission." In addition to his work at Alcoa, O'Neill has spoken frequently on the need to address environmental issues within the aluminum industry and on a global level.

This annual lecture is sponsored the Peterson Program in Business Ethics funded by a gift from Rudolph Peterson, BS25, president and CEO emeritus of BankAmerica Corporation. The lecture will take place from 4:00 to 5:30 p.m. in 125 Cheit Hall. For more information contact Walda Thompson at 642-0624. The lecture will be followed by as reception in the Bank of America Forum.

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Two Haas alumnae - Punita Pandey, MBA 91, and Kim Fisher, MBA 94 - were selected from 350 entrepreneurs to be among the 25 finalists at Springboard 2000 Venture Capital Forum. Haas student Nalini Murdter, EvMBA 01, who holds a Ph.D. in Biochemistry/Molecular Biology and is the director of business development at Adeza Biomedical, served on the competition's Life Sciences Screening Committee. Springboard 2000 is a venture funding competition for women entrepreneurs.

Punita Pandey, who graduated from the Evening MBA Program, is the founder and CEO of netCustomer.com. The company, which she launched a year ago, provides superior customer service to online shoppers. Pandey has already received $1million in seed money and the support of her customers Dell and Qualcomm.

Kim Fisher's AudioBasket competed in last year's UC Berkeley Business Plan Competition under the name of AudioGlide. Since then, Fisher has secured $4 million in funding and is now looking for another $15 million to help launch her service this spring. Audiobasket.com provides personalized news and information in an audio format via the Internet.

The San Francisco Chronicle reported in its Springboard article on February 2 that even though there are 8.5 million women-owned businesses in the US, only 5% of the nearly $30 billion venture financing goes to woman-backed businesses. Springboard 2000, which took place on January 27 in Redwood City, fosters entrepreneurship among women by offering the 25 finalists the opportunity to present their plans to hundreds of potential investors in a 17-minute pitch. (See the Haas in the News section for coverage of this event.)

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This year, for the first time, two recipients have been selected for the Andersen Consulting Award: Robert Cole, the Lorraine Tyson Mitchell II Professor of Leadership and Communication, for "Learning from the Quality Movement: What Did and Didn't Happen and Why?" (CMR, Vol. 41, No. 1), and Peter Drucker, the Clarke Professor of Social Science and Management at the Claremont Graduate School, for his article "Knowledge-Worker Productivity: The Biggest Challenge," (CMR, Vol. 41, No. 2). This award is presented to the author (or authors) whose articles published in the previous year's California Management Review (CMR) made the most important contribution to improving the practice of management. Professor of business ethics David Vogel, who is the editor of CMR, explained the reasoning for the shared award, "We were exactly tied for the first time. We had no basis to make a distinction between the two articles. Both were highly praised by their reviewers."

CMR's editorial board and a panel of distinguished executives selected the award recipients. Cole is the third Haas faculty member to win this award, which has been given annually since 1983. Cole's articled examined the legacy of the quality movement that swept through American businesses in the 1980's. Drucker presents a solution to the productivity challenge of the 21st century - increasing the productivity of knowledge workers - based on the methods used to increase the productivity of manual workers in the 20th century. Both recipients will be invited to present a public lecture at the Haas School.

The award is sponsored by Andersen Consulting, which provides an annual grant to cover the costs of the award, lecture, dinner, and expenses. CMR will print reprints of the winning articles and distribute them to faculty and students.

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Earlier this month, five UC Berkeley professors, including two from the Haas School, announced that they would be giving the university a $1 million gift. The Institute for Management, Innovation, and Organization (IMIO) at the Haas School will share these funds with the Department of Agricultural and Resource Economics in College of Natural Resources, the Department of Economics, and Boalt Hall.

The gift will be paid out over ten years to support graduate student fellowships in Agricultural and Resource Economics, faculty research in industrial organization, graduate students in economics specializing in industrial organization, regulation, or public policy, the Brennan Center Symposium at Boalt Hall, and a joint economics and business graduate seminar in industrial organization and competitive strategy.

The donors were David Teece, Mitsubishi Bank Professor of International Business and Finance and director of IMIO; Robert Harris, professor emeritus of the Haas School of Business; Richard Gilbert, professor of economics; Tom Jorde, professor of law; and Gordon Rausser, dean of the College of Natural Resources. All of the donors are members of the Law and Economics Consulting Group (LECG), although the gift is from them as individuals, not from LECG.

Teece commented, "The gift, not the only or the most significant one from the founders of LECG to the UC, is motivated by a desire to invigorate the basic disciplines from which LECG has drawn its strength. The particular focus of my personal contribution will be on joint business school-economics department workshops and graduate student support. There has long been excellent cooperation between business and economics at UC Berkeley, although funding for such activities has been extremely limited. This is an area where a little bit can go a long way." The monies for these joint activities will be administered through IMIO.

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Associate professor Jennifer Chatman from the organizational behavior and industrial relations group and alumnus and former Haas School professor Charles O'Reilly were both quoted in "Tricks of E*Trade" published in Business Week on February 7. They commented on the unique management style of Christos Cotsakos, CEO of E*Trade.

Dean Laura D'Andrea Tyson commented on how the behavior of the current generation of workers and investors has been affected by the booming economy in "The Boom Generation" in Newsweek on February 7.

Dean Laura D'Andrea Tyson's "Economic Viewpoint: What Really Sabotaged the Seattle Trade Talks" in the February 7 issue of Business Week focused on the substantive issues of the negotiation format and its far-reaching agenda at the WTO talks as a source of the failure to achieve their goals, rather than the protestors in the streets.

Dean Laura D'Andrea Tyson commented on the recent Fed rate increase in the San Jose Mercury News on February 3 in the article, "Some Economists Fault Federal Reserve for Timidity on Rate Hike."

The sale of AllBusiness.com, a company founded by Jerry Engel, executive director of the Lester Center for Entrepreneurship and Innovation, was announced in The New York Times of February 2. The company was acquired by NBC Internet Inc., for $225 million in stock.

Punita Pandey, MBA 91, founder and CEO of netCustomer.com was featured in "Giving Her Best Shot: Women Entrepreneurs get chance to persuade Silicon Valley's leading investors to fund their ventures" in the San Francisco Chronicle on February 2. The article can be found at http://www.sfgate.com.

Haas alumna Kim Fisher and her company, AudioBasket.com were featured in CBS Marketwatch's coverage of Springboard 2000. The article, "Springboard 2000: Diving for seed money" was published on the Marketwatch site on January 29. This article and others about the event can be found at http://cbs.marketwatch.com/archive/20000129/news/

In "Already in the Money" on January 28, Wired Magazine also interviewed Kim Fisher, CEO of AudioBasket.com, about her experiences as a female entrepreneur in their coverage of the Springboard 2000 event.

Alumnus Kim Fisher's company, AudioBasket.com, was also mentioned in "I am woman, hear me pitch" in the February 2 edition of Red Herring.

The Business Plan Competition was featured in the Daily Californian on February 2 in an article titled "News in Brief: Haas Business School Hosts Competition."

The Business Plan Competition launch was also featured in hotcoco.com on January 31. The full text of the article can be found at http://hotcoco.com/biztech/bizbuzz/stories/bizbuzz_20000131.htm.

Professor Emeritus Ray Miles was quoted in the Contra Costa Times on January 31 in the article "El Cerrito, Calif., Hopes to Lure Business, Shoppers to City" about the development plans for El Cerrito.

Professor Janet Yellen spoke on a panel organized by the Stanford Institute for Economic Policy Research on the future of the economy. The San Jose Mercury News covered the event on January 29 in "Economists Assess Global Economy at California Forum."

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Jay Swaminathan, assistant professor in the Manufacturing and Information Technology Group, has been recommended for a Faculty Early Career Development (Career) Award by the Operations Research and Productions Systems Program at the National Science Foundation for his proposal, "Managing Product Variety in Production Systems." The career program emphasizes the importance the foundation places on the early development of academic careers dedicated to stimulating the discovery process in which the excitement of research is enhanced by inspired teaching and enthusiastic learning. More details on the program can be found at http://www.nsf.gov/home/crssprgm/career/start.htm.

Richard Portes, distinguished global visiting professor at the Haas School of Business, will receive an honorary DSc from the Free University of Brussels today, February 7. The award is in recognition of his research in international macroeconomics (in particular, on European integration and on sovereign borrowing and capital flows), as well as his service to European economics as founder and president of the Centre for Economic Policy Research (CEPR).

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