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Professors Toby Stuart, Ross Levine, and Gustavo Manso
Haas kicked off the year with three new tenured professors from some of the East Coast’s top universities.
Toby Stuart, from Harvard, is the new Lester Center for Entrepreneurship faculty director. Professor Ross Levine, from Brown, is one of the 10 most-cited finance experts in the past decade. And Gustavo Manso, from MIT, already has won a teaching award since his arrival in the spring.
“We continue to hire at the very top of the faculty market,” says Dean Rich Lyons. “Great faculty attract great students and great staff a virtuous circle.”
Stuart researches social and venture capital networks and their role in the firm creation. He received the 2007 Kauffman Prize Medal for Distinguished Research in Entrepreneurship and the Administrative Science Quarterly’s Scholarly Contribution (best paper) Award. One of Stuart’s goals: teach students to think like entrepreneurs regardless of their fields.
Levine is the Haas School’s new Willis H. Booth Chair in Banking and Finance. He co-authored a new book, Guardians of Finance: Making Regulators Work for Us, which critiques the role of U.S. and international regulators in causing global financial crises and proposes strategies to improve their performance.
Manso, an associate professor, received an outstanding teaching award from Berkeley MBA students in his Corporate Finance class in the spring. Manso received the Swiss Finance Institute’s Outstanding Paper Award in 2010 and the Review of Financial Studies Young Researcher Award in 2009. His research has revealed that combining tolerance for early failure with reward for long-term success is effective in motivating both creativity and innovation.
THE BERKELEYHAAS DEFINING PRINCIPLES
Question the Status Quo
Confidence Without Attitude
Undergrads are living and breathing the school’s Defining Principles in a whole new way thanks to a series of activities developed by the Haas Business School Association (HBSA), the undergraduate student government.
Each month, HBSA leaders are organizing an event related to a Defining Principle. In September, they launched a new finance case competition to build Confidence Without Attitude. At least half of each four-member team was required to have no competition experience. More than 100 students signed up.
“We wanted students without competition experience to learn from students who have experience, which also gave those with experience the opportunity to apply leadership skills,” says HBSA President Tyler Wishnoff, BS 13. “With so much participation, it was an amazing learning experience.”
A record number of women enrolled in the Berkeley-Haas PhD and Full-time Berkeley MBA programs this fall. For the first time ever, the incoming class of Haas PhD students includes more women (8) than men (7). In the Full-time MBA Program, the proportion of women broke the 30-percent mark, with women comprising 33 percent of the incoming class.
Haas placed #3 in the U.S. News & World Report September ranking of the nation’s business undergraduate programs. The Full-time Berkeley MBA Program placed #2 in Hispanic Business magazine’s August ranking of the business schools for Hispanic students. The Economist ranked the Full-time Program #6 worldwide in October. And the Berkeley Master of Financial Engineering Program was named among the nation’s top 10 quantitative finance programs by Advanced Trading magazine.
Innovation insights from IDEO General Manager Tom Kelley, MBA 83. A case study on Virgin America, with a surprise appearance by the airline’s CEO, David Cush. And free iPads for PhD students. Those were just some of the highlights of orientation for the 850 new students who joined the Haas community this fall. In addition to the talks by Kelley and Cush, alumnus Ralph Bahna, a pioneer in the travel industry (see page 20), gave a rare public speech during Orientation Week for full-time Berkeley MBA students. Orientation for evening and weekend MBA students featured a talk by Annie’s Inc. CEO John Foraker, MBA 94, on successful teambuilding. New Haas undergrads got to know each other through an interactive game that incorporated Twitter, while the school’s 15 new PhD students received iPads as part of a pilot program to reduce paper use and printing costs
The Center for Executive Education (CEE) is launching a new must-take strategy course in June to train executives how to best respond to opportunities rapidly created and destroyed in today’s fast-paced, unpredictable business landscape. Led by Toby Stuart, the new Lester Center for Entrepreneurship faculty director (see #1 on preceding page), the Strategy for Competitive Markets course will teach practical methods for formulating and executing strategy for business units and multi-business corporations. Alumni enjoy a 15 percent discount on all CEE classes. For more information contact Kristina Susac at firstname.lastname@example.org.
Professor David Vogel has won the Academy of Management Organization and the Natural Environment Division Book Award for The Politics of Precaution: Regulating Health, Safety, and Environmental Risks in Europe and the United States.
In The Politics of Precaution (Princeton University Press, April 2012), Vogel describes a shift toward greater regulation to manage risk in Europe than in the United States in the last five decades.
One Academy of Management judge called Vogel’s book an “excellent historical explanation of what happened to environmental, social, and health regulation in the U.S. and rest of world in last 40 years.”