Global Social Venture Competition Achieves Record Participation
Haas School Researchers Explore Connections Between Globalization and High Tech
UC Berkeley Business Plan Competition Attracts Broad Range of Technology Plans
Get Your Tickets Now for the Asia Business Conference at Haas on February 28
Signup Now for the Second Annual Haas Golf Tournament
New Small Grants Program Supports Social Responsibility Projects
Annual Challenge for Charity Auction Seeking Donations
Student Leaders Help Build Community in all Academic Programs
Haas in the News
Happening at Haas
The 2004 Global Social Venture Competition has reached record participation with 129 plans from 52 schools around the world, marking a 36 percent increase over last year's 95 submissions.
While this is the competition's fifth year, it enjoys its first year as a global partnership, shared by the Haas School of Business, Columbia Business School, and now London Business School, as well as The Goldman Sachs Foundation, which has supported the competition for the past three years.
This year's 129 plans came from top business schools, including Harvard Business School, INSEAD (France), Northwestern's Kellogg School, Rotterdam School of Management (Netherlands), Stanford Graduate School of Business, the Wharton School, as well as Haas and Columbia. In fact, one plan was submitted by a joint team from Berkeley, Harvard, and Stanford.
International participation has grown significantly with 33 plans sent from Canada, Costa Rica, Peru, Colombia, the Netherlands, Singapore, France, India, Finland, and Kenya.
"The dramatic increase of international interest shows that the philosophy of blending financial with social advancement resonates with young talent around the world," said Jerry Engel, executive director of the Lester Center for Entrepreneurship and Innovation. "We are proud to help promote these efforts through this competition."
Business ideas for this year's competition run the gamut from community development, education, and the environment to finance, health care, technology, and nonprofit.
To be eligible, each plan must have one current MBA student from an accredited business school on the management team. All plans must demonstrate significant social return on investment and financial self-sufficiency or profitability.
The finalists will compete for a total $100,000 in prizes in three categories: high-growth potential, medium-growth potential (including nonprofit organizations), and best social return on investment. There is an additional prize for the team that best blends the financial and social returns on investment.
In this year's first round of judging on January 30, judges from Berkeley, Columbia, and London reviewed the initial plans to confirm that they met eligibility requirements. Of the 129 submissions, 87 plans, including 25 international plans, survived the first round.
All plans received extensive review and feedback in this first round. The Haas School, for example, invited representatives from the schools of law, public health, and public policy as well as MBA students to help review 42 plans. Each judging team reviewed no more than 4 plans.
The deadline to submit the revised business plans for the regional finals, is today, February 17. Berkeley's regional finals will be held on March 5. The final competition will take place at London Business School on April 15 and 16. For more information, visit www.socialvc.net.
Foreign outsourcing can boost the profit margins for high-tech firms but it also contributes to the growing earnings disparities between blue- and white-collar workers in California, says a new book by three Haas School researchers.
In Globalization and a High-Tech Economy: California, the US and Beyond, authors Dwight Jaffee, Ashok Deo Bardhan, and Cynthia Kroll analyze the impacts of the globalization of high technology on job opportunities, wage distribution, community resources, regional growth patterns, the prospects for new business development, and the very structure of these businesses.
"This book explains why high tech is a driver of US gross domestic product growth at the same time the sector appears to be bleeding jobs to outsourcing activity overseas," says Dwight Jaffee, the Willis Booth Professor of Banking, Finance, and Real Estate. Jaffee co-wrote the new book with senior research associate Bardhan, and Kroll, a senior regional economist. All three are with the Haas School's Fisher Center for Real Estate and Urban Economics.
The book delves into issues of importance to many economic observers. Questions include why high-tech firms rely on foreign outsourcing for so much of their manufacturing, the implications for the US economy of a continuing trade deficit in manufactured high-tech goods, and why high-tech industries are steadily losing manufacturing jobs while gaining professional service sector jobs.
Bardhan says the book's key research questions include "how global production and trade have affected the structure of US high-tech firms; and how the growing globalization of highly-paid service jobs in high-tech sectors is challenging the position of high-wage employment centers such as Silicon Valley."
The authors caution that outsourcing also comes with added costs that can counterbalance salary savings, and some companies will opt to keep certain activities onshore because some communications and management simply work better face-to-face.
"A big push for outsourcing was the combination of rising labor and facility costs, and very tight supply," Kroll says. "Now costs are down and supply is up in both labor and real estate, making a US location more feasible for many activities."
For more information, see http://www.berkeley.edu/news/media/releases/2004/02/11_trio.shtml.
The 43 teams competing in this year's sixth annual UC Berkeley Business Plan Competition are featuring a great variety of technology applications including digital media, architectural design applications, life sciences, advertising, PC hardware, enterprise software, and IP protection and, new this year, voice recognition technology.
The competition is organized by Berkeley MBA students and hosted by the Haas School's Lester Center for Entrepreneurship and Innovation in collaboration with the College of Engineering and the School of Information Management and Systems. All competing plans must have at least one student, alum, or faculty member from UC Berkeley or UC San Francisco's Life Sciences campus on their management teams.
Another novelty this year is the Best of Berkeley/UCSF Technology Prize for the team that best uses current UC Berkeley or UCSF research as an integral part of its business plan. To qualify, the technology itself must be innovative and deliver a high benefit to society, either now or in the future.The top team will be selected by the competition judges during the course of the competition and will garner a $10,000 cash prize.
This year, more than 40 representatives from leading venture capital firms from Silicon Valley and beyond have volunteered to serve as judges in the competition, allowing competition organizers to fine-tune their ability to match judges' expertise to the plans from the very first judging round.
The semifinalists selected in the executive summary round will be announced on February 26. Full business plans are due on March 23 for the semi-final round. The competition finals will take place on April 28, followed by public presentations and the award ceremony on April 29 as part of the Berkeley Entrepreneurs Forum at the Haas School.
This year's prizes include $25,000 for first place, $10,000 for second place, and a $5,000 third-place prize. The People's Choice Award of $5,000 will be voted on by the public audience attending the April 29 event.
Sponsorship for the competition is provided by Sevin Rosen, Allegis Capital, Intel Capital, Foundation Capital, Hummer Winblad Venture Partners, Palo Alto Software, New Path Ventures, Reed Smith, Ritchey Fisher Whitman & Klein, Sirenza Microdevices, Versant Ventures, and an individual donation from Kevin Warnock, a participant in the inaugural competition in 1999.
More information on the competition can be found at http://bplan.berkeley.edu/.
Tomorrow, Wednesday, is the last day to qualify for the early-bird discount on tickets to the fourth annual Berkeley Asia Business Conference (Berkeley ABC) on February 28 - so act now.
After February 18, tickets will be $40 for students and faculty, $65 for Haas alumni, and $75 for business professionals. There is a $10 early bird discount for tickets purchased on or before February 18.
Berkeley ABC is a one-day event organized by Berkeley MBA students and will take place on Saturday, February 28 from 8:00 a.m. to 5:30 p.m. This year's conference theme is "Asia - Bridge to the Future" with conference panels focusing on Semiconductors in Asia, Currency Valuation, Investing in China, Biotech in Asia, Software in China, and more. This year's Biz Park product fair will feature Toyota's latest Prius hybrid, Sony's Aibo robots, and many more.
To purchase tickets and find the most current information on the conference visit http://berkeleyabc.org/2004/index.htm.
Alumni and students who love golf, great food and entertainment, and the Berkeley sunshine are invited to the second annual Haaski Open golf tournament on Monday, May 10.
This fundraiser to support education at Haas will feature a scramble golf tournament and short-game shootout at the Claremont Country Club.
Non-golfers are welcome to join the event for the catered reception, raffle, live and silent auctions, and musical performance by the California Golden Overtones. Prizes include one-week stays in Hawaii and at PGA West, weekend golf and dining at Pebble Beach, courtside seats for Cal basketball, and dinner at Chez Panisse with Professor David Teece. All members of the Haas community are welcome.
Foursomes can play for $900; singles can play for $250. Recent graduates and current students (classes 2000 to 2004) may play for a discounted rate of $200. All proceeds benefit the Haas School.
For more information, to preregister, or to become a tournament sponsor, contact Jeff Rhode in the Haas Development Office at firstname.lastname@example.org or 510-642-1907. Berkeley MBA students who wish to volunteer should contact Mark Gervase at email@example.com, and undergraduate students should contact Andrea Sturzi at firstname.lastname@example.org.
Haas students, faculty, and staff with ideas for promoting corporate social responsibility (CSR) may now apply for grants of up to $2,500 to help bring action-oriented projects to fruition.
Funds for small projects in the area of corporate responsibility that demonstrate out-of-the-box thinking are available through the Levi Strauss Small Grants Program, sponsored by the Center for Responsible Business. Awards will range from $500 to $2,500.
These small grants are intended to cover a wide array of endeavors. Students, for example, may use them to participate in the national CSR case competitions or to work with social enterprise startups. Faculty members may draw upon them to sponsor special campus events in the field of corporate social responsibility or to purchase CSR-related cases. Staff members who wish to see the Haas School engage in socially responsible practices may apply them to in-house projects.
The Levi Strauss Small Grants Program, which has been established with the generous support of the Levi Strauss and Company Foundation, is open to the entire Haas School community, including undergraduates, graduate students in any concentration, faculty, staff, and administrators. For more information, or to apply, visit the CSR web site at http://www.haas.berkeley.edu/responsiblebusiness/ or contact Denise Mooney at email@example.com.
Every year Berkeley MBA students face stiff competition in the MBA Challenge for Charity (C4C) as they try to volunteer more hours, organize more events, and raise more money for the Special Olympics than the MBA students from five other West Coast business schools also in the competition.
Now is the time to get involved in the event that is the biggest money-maker for Haas' Challenge for Charity: the 21st Annual Challenge for Charity Auction. This year's auction titled, "Auction Powers: Goldbidder," will take place March 6 from 6:00 p.m. to 11:00 p.m., in the Lipman Room at Barrows Hall.
Popular items from last year's auction included dinner and conversation for four with marketing professor Rashi Glazer; attending a Giants game with professors Andy Shogan, Rich Lyons, and Mark Seasholes and MBA staff Dave Downes and Dan Sullivan; and a pool party in Sonoma with lecturer Paul Tiffany. Last year the Haas School auction brought in over $30,000.
The MBA Challenge for Charity is a competition among six West Coast business schools (Haas, Stanford, UCLA, UC Irvine, USC and the University of Washington) to raise money and provide volunteer hours for the Special Olympics. For more information, visit http://groups.haas.berkeley.edu/c4c/index.htm.
To donate to the event, email Rob Koerner at firstname.lastname@example.org with the following information: name, address, phone number, email address, item description, and minimum bid value for the item offered. Donations are being accepted through February 27. To attend the auction, purchase tickets at http://www.acteva.com/booking.cfm?bevaid=61718.
Each year students in all of the Haas School's academic programs elect student officers to organize events and clubs and to represent their classmates to the Haas School administration. These officers are elected at various times of the year based on each program's academic schedule. All of the officers currently serving are listed below.
Undergraduate Program's Haas Business Student Association (elected each semester)
President: Noah Kagan
Executive Vice President: Vanessa Kramer
Senior Advisor: Dung Tu
Senior Advisor: Eva Ng
Senior Advisor: Michael Chong
VP of Alumni Relations: Jason Tanner
VP of Community Building: Pat Hogan
VP of Marketing: Carolina Altanie
VP of Senatorship: Anjali Menon
VP of Student Services: Christin Witanto
VP of Undergraduate Rep: Alma Sahmanovic
Treasurer: Kenneth Lee
Finance Committee: William Ho
Secretary: Audry Adeline Kusnadi
Technology Officer: Sean S. Ahern
Full-time MBA Association (elected in fall semester)
President: Jennifer Van der Ahe
VP Academic: Razab Chowdhury
VP Admissions: Kelli Chester
VP Alumni: Nadeem Sheikh
VP Careers: Stephane Guerraz
VP Clubs: Fabiola Santos
VP Communications: Nicole Kim
VP Community Service: Monica Weise
VP Diversity: Zach Gentry
VP Finance: Regina Eberhart
VP International: Emily Bolton
VP Social: Lorenzo Canlas
VP Tech: Josh Elman
Evening & Weekend MBA Association (elected at the end of fall semester)
President: Niko Letunic
Vice President: Brad Irby
Secretary: Sandeep Shenoy
Treasurer: Michael Rubiano
Master's in Financial Engineering Program (elected in April, at the start of the program)
President: John Sulski
Vice President: Vishal Varma
Treasurer: Frank Escobar
Social Chairs: Boris Albul, Kwang Lim, and Liran Amrany
Tech Reps: Kwang Lim and Matt Rodriguez
Curriculum Committee: Yaacov Kopeliovich, Aruna Joshi, Jim McLouglin, Khalid Khan, Laura Goldberg, Tariq Dennison, Lavanya Viswanathan, and Gene Janevathanavitya
Berkeley-Columbia Executive MBA Program (Students are elected for each cohort at the start of the program in June)
Academic Co-representatives: Maura O'Neill and Ezra Roizen
Class Co-representatives: Krista Dalton, William Wester, and Kathleen Irvin
PhD. Association (elected in April)
President: Jennifer Kurkoski
The new book "Globalization and a High-Tech Economy: California, the US and Beyond," by Dwight Jaffee, the Willis Booth Professor of Banking, Finance, and Real Estate, senior research associate Ashok Deo Bardhan, and a senior regional economist Cynthia Kroll of the Fisher Center for Real Estate and Urban Economics , was featured in the Silicon Valley/San Jose Business Journal on February 13 in an article titled "Study: Outsourcing increases earnings gap in California." For full text, visit http://sanjose.bizjournals.com/sanjose/stories/2004/02/09/daily57.html?t=printable.
Janet Yellen, the Eugene E. and Catherine M. Trefethen Professor of Business Administration, was quoted in the Wall Street Journal on February 12 in an article titled "Some Democratic Economists Echo Mankiw on Outsourcing." Yellen commented on the benefits of outsourcing as another form of trade that benefits the US economy by providing products and services less expensively.
Hal Varian, professor in the Operations and Information Technology Management Group, wrote an article for The New York Times that was published on February 12 titled "Information Technology may have Cured Low Service Sector." For full text: http://www.nytimes.com/2004/02/12/business/12scene.html?pagewanted=print&position=.
Kenneth Rosen, the California State Professor of Real Estate and Urban Economics, was mentioned in the Berkeleyan on February 11 in an article titled "Rosen: The Governor's Budget Fails to Address State's Biggest Problems." For full text, visit: http://www.berkeley.edu/news/berkeleyan/2004/02/11_gov.shtml.
Severin Borenstein, the E.T. Grether Professor in Public Policy and Business Administration, was featured on the radio program Marketplace on February 10 in an segment titled "Newscast: Oil Production Cuts Announced by OPEC." Borenstein commented on the OPEC's announcement that oil production will be cut in the next few months.
Severin Borenstein was interviewed on KCBS radio on February 10 on the topic of OPEC oil productions and oil price increases.
Severin Borenstein appeared on KPIX TV on February 10 to discuss OPEC production and gasoline prices in general.
Dean Tom Campbell was quoted in the Puget Sound Business Journal on February 6 in an article titled "Biz Schools Learn about Competition." The article mentioned that the Haas School is successfully recruiting students for the Berkeley-Columbia Executive MBA program in the greater Seattle area. For full text: http://seattle.bizjournals.com/seattle/stories/2004/02/09/editorial2.html?t=printable.
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