Social Venture Competition Expands Globally with New London Partnership
Dean's Speakers Series Draws High-Profile Corporate Leaders to Haas
Full-Time MBA Class Brings a Wealth of Experience to Haas
Young Entrepreneurs Program Wins Community Partnership Award
Additional Haas Student to Receive Financial Women's Association Scholarship
Haas Graduate Receives Best Dissertation Award
Haas in the News
Happening at Haas
One of the nation's fastest-growing business plan competitions that measures both the financial returns and social impacts of new ventures and attracts entrepreneurial MBA students from the country's top business schools is expanding globally with a new partner from the United Kingdom.
The newly renamed Global Social Venture Competition, a partnership between the Haas School of Business, Columbia Business School, and The Goldman Sachs Foundation, is being joined by the London Business School.
Founded by five Berkeley MBA students in 1998 with support from the Lester Center for Entrepreneurship & Innovation, the competition has drawn hundreds of participants from leading business schools, primarily in the US, and sparked the curiosity of hundreds more who seek to apply their business acumen to solve societal and environmental issues.
Previously known as the National Social Venture Competition, the partnership encourages the creation and advancement of businesses - both for-profit and not-for-profit -- that are financially viable and produce significant, measurable societal benefits.
"Our move to incorporate a truly global approach, with the expansion of our partnership to include London Business School, allows for the introduction of 'double bottom line ' thinking, i.e., societal as well as financial return, to a much broader audience," said Jerome Engel. As executive director of the Lester Center, Engel played a key role in leading the competition to its international success.
In 2000, the competition expanded its national scope and reach by partnering with Columbia Business School and the Goldman Sachs Foundation, which gave a $1.5 million gift to support the effort. Each year, the competition awards $75,000 in prizes.
Reflecting the increasing interest in joining business efficiencies with social good, the 2003 competition enjoyed its greatest participation to date with 95 teams registering, a 23% increase over the previous year. MBA students came from top-ranked business schools such as Columbia School of Business, Haas, Harvard Business School, Kellogg (Northwestern), Sloan (MIT), Stanford GSB, and Wharton as well as London Business School, IESE (Spain), and Insead (France).
The 2003 winner of the Best Blended Value category was the Haas School team Tarsian & Blinkley, led by Sarah Takesh, MBA 03. Takesh designs and manufactures up-market clothing and accessories while providing Afghan women with suitable employment opportunities.
"The concept of using the capitalist engine of entrepreneurship to achieve societal benefits is a very important message to be supporting and promulgating in these troubled times," said Engel. "We appreciate the ongoing financial support of The Goldman Sachs Foundation, which helps us make this possible, and we welcome LBS to the partnership."
The upcoming Global Social Venture Symposium will explore how to measure social return on investment (SROI) on October 10 at Columbia Business School in New York. The 2003-04 competition finals will be hosted by the London Business School in London in April, 2004. Watch Haas NewsWire for details closer to the events.
For more information, visit www.socialvc.net.
Several high-profile CEOs and business leaders will be featured throughout the coming academic year at the Haas School for this year's Dean's Speakers Series, which is focused on the theme of corporate leadership.
All of the events are free and open the entire community. Seating is on a first-come, first-served basis.
Wells Fargo & Co. Chairman, President, and CEO Richard M. Kovacevich will lead off the series on Monday, Oct. 6, 2003, at 5:30 p.m. in the Arthur Andersen Auditorium. Kovacevich became president and CEO of Wells Fargo in 1998 after its merger with Norwest Corporation and became chairman in April 2001. He holds a bachelor's and master's degrees in industrial engineering and an MBA from Stanford University.
The second lecturer will be Robert Lutz, who was recently hired by General Motors to revitalize its automotive designs and improve the design decision-making process within the firm - a role he played to great acclaim at Chrysler, where he was responsible for developing the PT Cruiser and Dodge Viper.
Lutz, who is chairman, North America, and vice chairman of Product Development at GM, will speak on Thursday, Oct. 16, 2003, at 5:30 p.m. in the Wells Fargo Room. He is also an alumnus of the Haas School, having received his BS degree here in 1961 and his MBA in 1962.
Among the speakers for next semester is Paul S. Pressler, president and CEO of Gap, Inc., who will be lecturing in March. Details will follow.
Names of other spring speakers will be announced soon.
"I am delighted that the Haas community will be able to hear from some of the nation's most distinguished corporate leaders," said Dean Tom Campbell. "The lessons of their achievements are important ones for Berkeley students to learn.
"And the firms they represent are also great friends of Haas as employers of students and alumni, and supporters of the school in a number of ways," continued Campbell. "Their appearance here will be a celebration of these important relationships."
In August the Haas School welcomed the newest full-time MBA students, a group that brings not only academic excellence but also a wealth of personal talents and professional experiences to the class of 2005.
Of the 3,720 applications received, 13% of applicants were offered admission and 241 students enrolled this fall. Once again the class broke the 700 GMAT mark, and its average GPA is 3.52. The class consists of 24% women and 33% international students. They represent 37 countries including: Argentina, Bangladesh, the People's Republic of China, the Czech Republic, Germany, Guatemala, India, Israel, Japan, Lithuania, the Republic of Korea, Romania, South Africa, Uruguay, and Zimbabwe.
The class averages 5.4 years of post-undergraduate work experience. Among the consultants, engineers, accountants, and marketers are a UN checkpoint inspector for Iraqi-bound vessels in the Persian Gulf, an award-winning flamenco dancer, an Eagle Scout, a post-production intern for MTV's Real World, a dolphin trainer and aquatic show performer, and a plasma physics scientist.
The class also features several world-class athletes: two All-American skiers and one All-American golfer, the Russian men's 100-meter sprint record holder, a professional windsurfer and members each of these teams: the All-Japan Water Polo Championship Team, the Venezuela National Rugby Team, the Russian Track and Field National Team, and the Sao Paolo State Water Polo Team. They are bound to lift the Haas School's performance at the Challenge for Charity Olympics at Stanford University in 2004.
The Young Entrepreneurs at Haas (YEAH) program has been recognized as a notable University/Community Partnership for 2002-2003 by UC Berkeley Chancellor Robert Berdahl for its years of working successfully with under-served bay area youth.
One of eight campus programs to be recognized this year, YEAH was judged in several areas including: being a true university/community partnership with active participation on the part of the community and the school; involving faculty, staff, and students; having a profound impact on the youth it serves; and for being unique and creative.
"YEAH rated particularly high in uniqueness and creativity, the extent of campus involvement, outcomes and involvement of community," said Irene Hegarty, director of the Office of Community Relations. "We also took into account its longevity and the fact that it has continued and grown over the years."
The YEAH staff will be honored at a private event at University House later this month.
For more information on YEAH, visit http://www.haas.berkeley.edu/yeah/.
Undergraduate student Lyudmyla McQuillin has been awarded a scholarship by the Financial Women's Association (FWA) of San Francisco, a professional organization encouraging the advancement of women in the financial sector or finance careers.
With this award, Haas now boasts a total of five students, two undergraduates and three MBAs, who have been recognized by the FWA this year. In addition, Haas alumna Stephanie DiMarco, BS 79, chairman, CEO, and founder of Advent Software, has been named Woman of the Year for 2003 by FWA.
McQuillin transferred to the Haas Undergraduate Program this summer from San Francisco State University, where she had applied for the scholarship. The previously announced winners are undergraduate student Nancy Lin and Berkeley MBA students Kirsten Armstrong, Julie Earne, and Tatyana Zhukouskaya. The scholarship recipients and DiMarco will be recognized at the annual FWA reception.
The Bay Area FWA, with its San Francisco and Peninsula/Silicon Valley chapters, is the oldest such association in the country and has provided a supportive network and mentoring opportunities for Bay Area women in the field since 1956.
Deepak Somaya, Ph.D. 02, received the Best Dissertation Award for his dissertation, "Patent Strategy Viewed through the Lens of Patent Litigation," from the Technology and Innovation Management Division of the Academy of Management in August 2003. He now serves as an assistant professor of Logistics, Business and Public Policy at The Robert H. Smith School of Business at the University of Maryland.
Jonathan Berk, the Harold Furst Associate Professor of Management Philosophy and Values, wrote an op-ed piece for the San Francisco Chronicle titled, "Government's Hand in Our Investments: Reforming Proposition 13," which was published on September 2. For the full text visit http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2003/09/02/ ED282315.DTL&type=printable.
Janet Yellen, the Eugene E. and Catherine M. Trefethen Professor of Business Administration, was mentioned in the Chicago Tribune on August 31 in an article titled, "Analysts: More Taxes Needed to Pay for Medicare, Social Security."
Dean Tom Cambell was quoted in an article in the San Francisco Chronicle on August 31 titled, "Healthy Growth in State's Union Membership." Campbell commented that the Haas School policy is to remain neutral in the current labor dispute of the Claremont Hotel. Read the full text at http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2003/08/31/ BU263367.DTL
Tulin Erdem, the E.T. Grether Professor of Business Administration and Marketing, was quoted in the Detroit Free Press on August 28 in an article titled, "Style: Riders Drive Sales of Harley Accessories." Erdem commented that Harley-Davidson was a perfect example of brand building and brand community.
Severin Borenstein, the E.T. Grether Professor in Public Policy and Business, was quoted in the San Jose Mercury News on August 29 in an article titled "Bustamante Supports Gas Price Limits, More Regulation." Borenstein commented that regulating gas prices would be detrimental to consumer interests.
Kenneth Rosen, the California State Professor in the Real Estate and Urban Economics, was quoted in the Atlanta Journal-Constitution on August 28 in an article titled "Pinch Felt as Mortgage Rates Climb." Rosen commented on the possible economic effects of the declining rate of refinancing home loans.
Research by Terrance Odean, associate professor in the Finance Group, was mentioned in the Financial Times on August 27 in an article titled "The Real Questions About Market Efficiency - Economists Offer Conflicting Advice to Investors."
Kenneth Rosen was quoted in The Wall Street Journal on August 27 in an article titled "Purchases of Troubled Commercial Mortgages Gain Popularity."
The National Social Venture Competition (NSVC) and the UC Berkeley Business Plan Competition were featured in the September issue of Inc. Magazine in an article on business plan competitions titled, "How to Win Big and Get Ahead Fast." NSVC winner Sarah Takesh, MBA 03, and UC Berkeley Business Plan winner, Dan Burnett, were both mentioned in the piece. Read the full text at http://www.inc.com/magazine/20030901/bizplan.html.
Severin Borenstein did on-air interviews with several radio and television stations in the past month.
The Haas NewsWire is the electronic news weekly for the Haas community published every Monday by the Marketing and Communications Office at the Haas School. Send your news, feedback, and suggestions to Haasnews@haas.berkeley.edu.
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