Haas NewsWire

Haas NewsWire, February 25, 2002

National Social Venture Competition Draws Record Number of Business Plans
AOL Time Warner's Chief Technology Officer to Speak at Haas
MOT Places Students in Industry with Hitachi Fellowships
Donate Now for the Challenge for Charity Auction
Haas in the News
Happening at Haas

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The National Social Venture Competition has attracted 77 business plan submissions -- a 140 percent increase from last year -- in its first competition since it formed a partnership with Columbia Business School and The Goldman Sachs Foundation. The submissions came from 31 business schools in the US and abroad.

The National Social Venture Competition is the only business school competition to foster the creation of for-profit and nonprofit ventures that incorporate both financial sustainability or profitability and quantifiable social or environmental returns into their business missions.

"The increase in participating teams shows that resourceful entrepreneurs around the world are re-evaluating the purpose of business and are blending nonprofit and for-profit models to serve the common good," said William Rosenzweig, executive director of the Socially Responsible Business Leadership Program at Haas and faculty advisor to the competition.

More than one-third of this year's plans represent entrepreneurial solutions to environmental concerns, followed by plans targeting health care, community development, education, energy, and pro-social use of technology.

Some examples of this year's ideas include:

"Each year the competition draws incredibly innovative plans from a very diverse set of industries and sectors," said Cathy Clark, Columbia faculty advisor to the competition. "We're excited about this year's expanded range."

The 77 business plans submitted last month have been divided between Columbia Business School and the Haas School of Business for the initial rounds of the competition. The schools are hosting bi-coastal workshops where mentors assist competing teams in honing their skills and developing sound business plans. The first mentor workshops took place at Columbia and Haas on Saturday, February 16.

Of the 77 plans, 67 were selected to compete in the semi-final round that takes place on both campuses on March 8. More than 20 judges, including corporate leaders, entrepreneurs, venture capitalists, and venture philanthropists, will select eight teams to advance to the final round. These finalists will compete April 5 and 6 at Haas. The winners will share over $100,000 in seed capital and exposure to potential funders.

Competition entrants must include at least one current MBA student on their teams. Participant teams in 2002 represent 31 business schools in the United States and worldwide, including the Australian School of Business, Columbia Business School, Harvard Graduate School of Business, Michigan Business School, MIT's Sloan School, Northwestern University's Kellogg School, Stanford University's Graduate School of Business, UCLA's Anderson School, Haas, and University of Pennsylvania's Wharton School.

"This innovative program is an important milestone in the social enterprise field and presents a unique opportunity to advocate high quality entrepreneurship education on a national scale," said Stephanie Bell-Rose, president of The Goldman Sachs Foundation.

The competition began in 1999 as a student-organized nationwide social venture competition at Haas. It was expanded nationally in 2001 with the new partners, Columbia Business School and The Goldman Sachs Foundation, in order to build a national platform for social entrepreneurship.

For more information on the competition, go to http://www.socialvc.net.

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William Raduchel, executive vice president and chief technology officer at AOL Time Warner will give the first Business Faculty Research Dialogue of the spring on Friday, March 8 at 4:00 p.m. in the Arthur Andersen Auditorium. The theme for this year's series is "Adding Value with Information Technology."

Raduchel joined AOL Time Warner in 1999, replacing Netscape founder Marc Andreessen who had taken on the role of CTO when Netscape was acquired by AOL. Raduchel brought with him 12 years of executive experience at Sun Microsystems, most recently acting as the chief strategy officer and a member of the executive committee. He has held senior executive roles at Xerox Corporation and McGraw-Hill, Inc.

When Raduchel joined AOL, BusinessWeek described him as "a bright ray of sun" and praised his ability to make strategic deals that strengthened Sun. At AOL, he determines the technology strategy for the combined company, focusing on its architecture, technologies, and strategic alliances.

Raduchel received his undergraduate degree in economics from Michigan State University, and earned his AM and Ph.D. degrees in economics at Harvard.

To attend this event, please send e-mail to rsrchdia@haas.berkeley.edu. A reception will follow the event in the BankAmerica Forum.

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The Management of Technology Program (MOT) announced the first Hitachi Fellows earlier this month, giving a select group of UC Berkeley students, including MBA students, the opportunity to work on the latest technology in a real-world setting.

The MOT-Hitachi Fellows will conduct market research and create market development scenarios for the adoption of Mu Chip (micro-RFID) technology, a new type of semiconductor developed by Hitachi. The Mu Chip is the smallest semiconductor device yet developed, a square die measuring less than 0.4 millimeters on an edge.

"This type of fellowship, focused on developing applications for a next-generation technology, opens up huge opportunities for students," says Andrew Isaacs, executive director of the MOT program. "The project integrates business and technology skills in a real-world setting, with real-world market and technology demands. The Mu Chip micro-RFID technology actually exists and works, and can be applied in many new areas. The work under the fellowship program nicely complements the kinds of work we do in the classroom."

The MOT program is a joint effort of the Haas School, the College of Engineering, and the School of Information Management and Systems. Through instruction, research, and outreach, MOT focuses on management activities associated with bringing high-tech products to market.

Out of 80 applications, eight graduate students, four Haas MBA students and four College of Engineering Ph.D. students will receive a stipend of $1,000 a month for the duration of their fellowships. The fellows are: Haas School: Iwao (Rocky) Yoshino, Seth Halpern, Toshi Kawano, and Monica Mesa College of Engineering: Dejan Markovic, Anoop Sinha, Duan Xu, and Chunlong Guo.

The first rotation of fellows is for the period of February 1 to May 31. There will also be summer and fall rotations (June 1 to August 31 and September 1 to January 31, 2003). The program is funded by a major gift from Hitachi.

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Every year the Haas School faces stiff competition in the MBA Challenge for Charity (C4C) as its MBA students try to volunteer more hours, organize more events, and raise more money for the Special Olympics than five other west coast business schools also in the competition.

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 on all Challenge for Charity events, visit http://www.challengeforcharity.org.

Now is the time to get involved in the event that is the biggest money-maker for Haas' Challenge for Charity: the auction. The 19th annual Challenge for Charity Auction will be Friday night, March 15, from 7:00 p.m. to 10:30 p.m. at the International House. Prior to the live auction, a silent auction will be held from Wednesday, March 13 to Friday, March 15 in the Helzel Board Room. Donations are being accepted through Friday, March 1. To attend the auction or make a donation, please contact Diane Lee (dlee@haas.berkeley.edu) or Julie Yim (jyim@haas.berkeley.edu).

Popular items from last year's auction included dinner with Janet Yellen at Chez Panisse; attending a Giants game with Andy Shogan, Rich Lyons, Dan Sullivan, and Dave Downes; and a pool party in Sonoma with Paul Tiffany. Last year the auction brought in over $30,000.

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Associate professor in real estate Nancy Wallace and her course on real estate investment analysis were mentioned in the Los Angeles Times on February 24 as part of a story on the gaps in accounting rules and how they are treated in business schools.

Associate professor and business historian Christine Rosen was quoted in a February 22 AP story on Global Crossing shareholders' alternative bid to rescue their investments, which ran in numerous papers around the country. Rosen pointed out the risk to the investment industry if enough investors became unwilling to invest.

Terrance Odean, assistant professor in the Finance Group, was quoted in The Wall Street Journal on February 20 in an article titled "Getting Going: Plenty of Dangers Remain For Bear Market Investors." He said that this is a chance to re-evaluate portfolios and make a little money in the process.

Brett Trueman, Donald and Ruth Seiler Professor of Public Accounting and chair of the Accounting Group, was quoted in an article on the accounting practices of Edison Schools, the largest for-profit operator of public schools, in the European edition of the Wall Street Journal on February 19.

Raymond E. Miles, professor emeritus and former dean, was quoted in Business Week's February 18 cover story, titled "The New Teamwork." He said that only about 10% of large companies are collaborating with partners because of limits to technology and resistance to changing business processes.

Cynthia Kroll, regional economist at the Fisher Center for Real Estate and Urban Economics, appeared on KRON TV 4 on February 18 in a feature on the state of the apartment rental market in the San Francisco Bay Area.

Ilse Evans, executive director of MBA Admissions and Career Services, was quoted in The Boston Globe on February 17 in an article titled "A Changed Job Market Awaiting New MBAs; Many Forced to Adapt to Economy's Shifts."

The Haas School was also featured in the East Bay Business Times on February 15 in the article "Haas School Reexamines Asia Trade Opportunities."

Severin Borenstein, E.T. Grether Professor in Public Policy and Business Administration, was interviewed by KPFK Public Radio in Los Angeles on January 30 regarding the energy policy.

Kroll and Ashok Bardhan, a senior research associate, from the Fisher Center for Real Estate and Urban Economics, were invited to participate in the February 14 roundtable discussion in Sacramento discussing the draft California International Trade and Investment Act of 2002.

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