Second Annual Business Plan Competition Launches Today
Faculty Research News: Common Currencies Can Triple Trade Volume, Says Haas Prof. Andrew Rose Competition
Cisco CIO Speaks at Haas E-commerce Seminar on Thursday
Reminder - Haas Gear Available Online
Haas in the News
Happening at Haas
Haas NewsWire Archive
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SECOND ANNUAL BUSINESS PLAN COMPETITION LAUNCHES TODAY
The second annual UC Berkeley Business Plan Competition will be launched today at 4:00 p.m. in the Andersen Auditorium. This information-packed event is not to be missed. The launch event will cover all the basic rules of this year's competition, along with introducing prospective participants to each other, the judges, and potential mentors. The information session will be followed by a cocktail/networking hour in the Bank of America Forum.
This launch event and post-event networking hour will officially kick-off the 2000 competition. So far this year, the student-run competition has tripled its corporate support and sponsorships from its inaugural year. Teams from last year's competition have already raised $35 million in venture funding.
The competition is open to students, faculty, alumni, and the public. For all information on this and other competition events, visit the website at http://bplan.berkeley.edu.
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FACULTY RESEARCH NEWS: COMMON CURRENCIES CAN TRIPLE TRADE VOLUME, SAYS HAAS PROF. ANDREW ROSE
What is the impact of a common currency on international trade? Surprisingly large, according to new research by Andrew Rose, the Bernard T. Rocca Jr. professor of International Trade and Business in the Economic Analysis and Policy group and director of the Clausen Center for International Business and Policy. In his findings, Rose shows that the trade volume between two countries sharing a common currency is greater than comparable countries with their own currencies - over three times as high. He says the findings offer a "potent argument in favor of currency unions."
Rose's ideas are already being discussed by the financial architects of the European Monetary Union, where the euro is on course to become the shared currency of 11 countries by 2002. Until now, the consensus among most economists is that trade will rise only a little among EMU countries, which have already opened barriers to free trade among themselves.
Rose studied economic data from the more than 90 countries with existing currency unions, looking at evidence across countries to trace the separate effects on trade of currency unions and of exchange rate volatility. Rose was able to quantify, for the first time, the benefit to international trade from using a single currency, which reduces transaction costs. Until now, economists have instead focused solely on the much smaller effect of reducing exchange rate volatility. Rose's research shows that entering a currency union delivers an effect that is 30 times the impact of eliminating exchange rate volatility.
The findings raise important questions of what a common currency would do for other trading partners. Said Rose: "Countries, such as the UK, Sweden, and Denmark in Europe, and also Argentina, Mexico, and Canada, among others, may find it worthwhile to join or form currency unions, leading to a further increase in global integration."
In the EMU, Rose expects the triple increase in trade volume to have wide-ranging effects on consumers, business managers, and policy makers alike. While the increased competition will put pressure on business managers, it will also reduce prices for consumers. At the same time, Rose warns, labor representatives may fear for local jobs and demand a greater social net.
View the paper at: http://www.haas.berkeley.edu/~arose/.
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CISCO CIO SPEAKS AT HAAS E-COMMERCE SEMINAR ON THURSDAY
The Fisher Center's new E-commerce Executive Seminar Series is off to a great start. On Thursday, February 3 at 12:30 p.m., Peter Solvik, Cisco's forward-thinking CIO will speak in the Wells Fargo Room at the Haas School. All students, faculty, alumni, and staff are invited to attend this event. Seats will be given on a first-come, first-served basis.
Later this semester Richard Braddock, CEO of priceline.com and George Shaheen, formerly of Andersen Consulting, now CEO and president of Webvan have committed to speaking, although the dates of their appearances have not been finalized. The Fisher Center will announce the dates for these events soon.
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REMINDER - HAAS GEAR AVAILABLE ONLINE
For those students, staff, faculty and alums who have switched to Internet shopping, a good selection of Haas Gear, everything from t-shirts to mugs, is available online at http://ssl.haas.berkeley.edu/groups/HaasGear/. Orders are processed within 48 hours. In the real world, the Haas Gear "shop" is located in S545A.
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HAAS IN THE NEWS
The Industry Standard featured the Haas School prominently in "Startup Search," an article about how MBAs find positions with Internet startups, in the January 31, 2000 edition. Ilse Evans, executive director of MBA Admissions and Career Services at Haas, explained the difficulties of placing graduates at pre-IPO startups. Students Merry Richter (MBA 01), Steve Schultz (MBA 01), Che Mott (MBA 00), and Chris Barton (MBA 00) each explained how they are approaching their job searches. The full text of the article can be found at http://www.thestandard.com/article/display/0,1151,9225,00.html. The Industry Standard also included an article titled, 7quot;Syllabus: What's on the bookshelves of today's business school students" in today's issue. The article was about Assistant Professor of Marketing Florian Zettelmeyer's popular "Internet Strategy" course at the Haas School. The full text of the article is at http://www.thestandard.com/article/display/0,1151,9148,00.html.
Dean Laura D'Andrea Tyson was quoted in "107 Months, and Counting" in the Money&Business section of The New York Times on Sunday, January 30. Tyson explained that people who have become "indebted relative to their wealth rather than their incomes" are more vulnerable to losses if there is a shock to the financial markets.
The Daily Californian ran an article about the Haas School ranking as the #1 business school in the world for research in the second annual business school rankings done by the Financial Times. The Haas School was ranked 12th worldwide and 9th in the US. The Haas School was the only public institution in the top ten in the US. The Daily Cal article, published January 27, "Business School Ranked Number One in Research" quoted Associate Deans Jay Stowsky and Ben Hermalin and Executive Director of Marketing and Communications Rich Kurovsky. The Haas School was ranked 4th in the nation in the first annual Forbes Magazine survey of business schools.
The Berkeleyan, a weekly publication for university faculty and staff, published an article in its January 26 issue announcing the launch of the second annual UC Berkeley Business Plan Competition.
Dean Laura D'Andrea Tyson appeared on CNN's Moneyline on January 25. In her interview, Tyson discussed the merits of the economic program of Vice President and presidential candidate Al Gore.
MBA 92' alums Scott Galloway and Ian Chaplin were in the Magazine of the New York Times on Sunday, January 23. The story, "The Future Is Now-or-Never," described the rebranding and changes that turned the floundering startup e-commerce venture 911gifts into RedEnvelope.com.
Haas Alum Gerry Pesavento, MBA 89, is relocating his company Alloptic, Inc. from Davis to Pleasanton in an effort to attract more employees. Alloptic took second place at last year's Business Plan Competition. In the article in East Bay Business Times January 14 issue, Pesavento explained that he wants to expand his company by adding 30 more employees and his relocation to Pleasanton will help achieve his goal.
Dean Laura D'Andrea Tyson's regular column for Business Week on January 10 was titled, "Though it's a New Economy, It's got Some Old Flaws." Tyson makes the case for the New Economy defying the some old economic rules, but still believes that some old-fashioned economic policies have been effective.
Michael Brotchner, MBA 00, had an article published in the online version of Shift magazine. In his article, "say what?" Brotchner talks to Oliver Muoto, co-founder of Epicentric, about how business is conducted in the world of startups, and explains much of the techie jargon needed to fit in.
The Napa Valley Register profiled alumnus Don Fraser, MBA 62, in the front page of their Napa and the World Section on January 9. Fraser has marketed merchandise from Charles Schulz's "Peanuts" comic strip for over three decades through his company Inetics based in St. Helena.
"Graduate of Wine" in the December 31 issue of the Wine Spectator, chronicles the wine clubs and courses at business schools around the country. The Haas School's own student-initiated elective, "A Taste of the Wine Industry" is mentioned.
Assistant Professor of Manufacturing and Information Technology Jayashankar Swaminathan was quoted on global Internet supply chain systems in the December 8 edition of the Dow Jones Newswire.
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HAPPENING AT HAAS
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