Annual Report 2000
We are
“ We benchmark our efforts with the best. In terms of research and teaching, the University of Alberta School of Business is among the best in Canada. That’s our message. That’s what we deliver. ” Michael B. Percy
Stanley A. Milner Professor and Dean, School of Business, University of Alberta
Business Education for a Changing World
Globalization. Technological Change. Demographics. The Internet. Mega-mergers. The advent of the “Virtual Corporation.” These are just some of the many forces that are transforming the way business is done in the modern world. At the dawn of the 21st century the pace of change has accelerated to an unprecedented intensity – and the need for visionary leadership and state-of-the art managerial skills is greater than ever. Since 1916, when a School of Accountancy was established on campus, the University of Alberta has provided outstanding young men and women with the education they need to be leaders of the business community. The University granted its first Bachelor of Commerce degrees in 1924, and in 1928 a School of Commerce was formally established. Today the University’s School of Business offers degree programs at the undergraduate, master’s and doctoral levels and is widely recognized as one of the finest institutions of its kind both in Canada and around the world. The School of Business is the longest continuously accredited Canadian member of the AACSB – the International Association for Management Education – and its 2,200 students represent some of the best and brightest young people this country has to offer. The School’s 70 faculty members include four winners of the prestigious 3M Teaching Fellowship as well as a number of individuals who are recognized as being world-class scholars in their fields. The School of Business derives tremendous benefits from its association with one of Canada’s foremost research-intensive universities. Its location in Edmonton – Alberta’s capital and a city at the forefront of the knowledge-intensive “new economy” – makes it an important fixture in the business life of a dynamic and vibrant community. The School enjoys an enviable reputation for excellence in management education and research which is augmented by a strong tradition of dedicated service to both the province of Alberta and to Canada as a whole.
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A Message From Dean Michael B. Percy
We are delighted to present this first annual report of the University of Alberta School of Business. Its publication represents an important step in our efforts to raise awareness of the diverse activities of the School and keep our stakeholders informed of our progress and plans for future development. We are proud within this annual report to present the highlights of some of the School’s most significant recent accomplishments, and to outline the vision of the School’s plans for the future. Nearly 40 years ago the School of Business became the first university business school in Canada to receive accreditation from AACSB – the International Association for Management Education. Our mission has always been to provide high quality education to students at all levels and to create an environment that supports the pursuit of excellence in research and teaching. It has been gratifying for us to see large numbers of our graduates build very successful careers as leaders of some of this country’s largest private and public sector enterprises. Likewise, we are proud of the fact that many of our faculty members have developed international reputations for the excellence of their scholarship. Our challenge today is to build upon the School’s past accomplishments and position it to play an even more significant role in shaping Alberta’s future as well as that of the nation as a whole. In the summer of 1997 I was honoured to be invited to serve as Dean of the School of Business, and the three years since have been challenging and exciting. In a world where competition between leading business schools is becoming increasingly vigorous, I believe there are four key factors that define this School’s uniqueness. The Quality of our Students
The School of Business is home to many outstanding young men and women with enormous potential. I have had the pleasure of getting to know many of these people and have been impressed by their intellectual abilities, their enthusiasm and sincerity, and their eagerness to put the skills and knowledge they have learned to work. As readers will see in this annual report, my colleagues and I derive great satisfaction from our students’ accomplishments and are proud to recommend them to organizations as candidates who offer tremendous professional potential. The Quality of our Faculty Members
The University of Alberta School of Business places great emphasis on attracting and developing strong academic talent. Since 1997 we have hired 23 new faculty members, and their arrival at the School has reinvigorated its intellectual atmosphere. We have built a teaching and research team that few other business schools can match. Many of our professors are highly regarded researchers in their fields and all of them have published their work in world-class academic journals. Our faculty members also share a passion for teaching and a strong commitment to excellence in education, and several have won prestigious awards recognizing their skill in the classroom.
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The School’s Unique Environment for Teaching and Learning
More than most business schools in North America, the University of Alberta School of Business has cultivated and sustained an intellectual environment that supports the balanced pursuit of excellence. We believe our teaching and research activities should complement and reinforce each other and we strive to maintain an environment that encourages our faculty and students to be creative, proactive, and responsible. Our Relationships with the Community
The School of Business enjoys strong and enthusiastic support from many leaders of the external community. Our location in Edmonton, Alberta, places us in the heart of one of the most dynamic and entrepreneurial societies in the world. The support we have received from our Business Advisory Council, the 14,000 alumni represented by the Business Alumni Association, and the larger business community in Alberta and across Canada has enabled us to launch many new initiatives that have helped transform and revitalize the School. One of our most important priorities will be to continue to develop and nurture relationships with our external constituents that will enhance the School’s role as a catalyst for economic growth and social change. As I look around at the many activities taking place in the School today, I am impressed by the sense of vibrancy and enthusiasm my colleagues and our students share and by the tremendous progress we are making on many fronts. The qualifications of the students who are applying to our programs have never been higher and in recent years we have had great success in encouraging many promising younger scholars to join our professorial corps. Our curriculum is rapidly evolving to meet the needs of today’s organizations. Innovative new programs such as our bilingual Bachelor of Commerce and our MBA specializations in Technology Commercialization and Natural Resources and Energy are helping us position the School in demand-driven niches. To support such initiatives and stay abreast of the E-commerce revolution, we are also making significant investments in teaching technology. Recent upgrades to our physical facilities include the addition of state-of-the art computer laboratories and more than a dozen new “smart classrooms” specifically designed to enable professors to use multimedia technology to deliver lectures and facilitate class sessions. Our efforts to build closer relationships with the external community are paying impressive dividends. We have experienced tremendous growth in the demand for our Management Development Programs, and units like the Canadian Institute for Retailing and Services (CIRAS) are developing new linkages with management practitioners. In the international arena, the School is involved in important initiatives in regions such as China and South America, and our exchange program provides students with opportunities to broaden their horizons through study at other leading universities abroad. Amid this
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Born in Banff, Alberta in 1948, Michael B. Percy is Dean of the University of Alberta School of Business and also holds the Stanley A. Milner professorship at the School. Dr. Percy received an undergraduate degree from the University of Victoria in 1974 and later earned MA and Ph.D. degrees from Queen’s University in Kingston, Ontario. An economist by profession, Dr. Percy began his academic career at the University of Alberta in 1979 and over the next fifteen years held several senior administrative appointments within the Faculty of Arts. From 1993 to 1997 Dr. Percy took academic leave from the University to enter public service, during which time he served as a Member of the Alberta Legislature. He returned to the University in the spring of 1997, and was appointed as Dean of the School of Business on July 1 of that year.
diversity of activity our faculty members continue to rank as being some of the most prolific academic researchers in North America. Research centres like our Centre for Professional Service Firm Management are undertaking cutting-edge work in the study of how management decisions are made. Individual faculty members are also being recognized with prestigious awards. This past year, Professor Bob Hinings become the first faculty member from our School to be named a Fellow of the Royal Society of Canada. Professor Hinings was also named as Fellow of the Academy of Management, and in 1998 he became only the second Canadian to be honoured by the Academy with its Distinguished Scholar Award. Other faculty continue to earn prestigious awards for the excellence of their teaching. Professor Erhan Erkut recently became our fourth and most recent winner of the 3M Teaching Fellowship, and Professor Michael Gibbins was selected as one of the winners of the National Post Leaders in Management Education awards. I am confident that as the School of Business moves forward into the 21st century we will continue to reinvent management education to help Canadian organizations become more successful in the competitive global economy. In the pages that follow we are proud to showcase some of the School’s most important activities and accomplishments. I thank all of our stakeholders – students, faculty and staff, alumni, our Business Advisory Council and other friends – for their ongoing and committed support. They have been part of the team that has helped the University of Alberta School of Business earn national and international recognition. We appreciate your consideration of this annual report, and cordially invite you to review this summary of our most important contributions and accomplishments. Thank you for your interest and support.
Sincerely,
Michael B. Percy
Stanley A. Milner Professor and Dean, School of Business, University of Alberta
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Outstanding Students
Total Applications
The University of Alberta School of Business is widely known for the outstanding quality of its students. The School has 1,800 Bachelor of Commerce, 300 MBA and 65 Ph.D students drawn not only from Alberta, but also from most other regions of Canada and many foreign countries as well. Students at the School of Business share many traits in common which identify them as being developing leaders. Foremost among these are a passion for learning complemented by an impressive level of intellectual ability, a strong sense of self-reliance, and the entrepreneurial drive to apply knowledge and skills in the search for creative solutions to business problems. The numerous clubs and extracurricular activities within the School of Business also offer students many exciting opportunities to put what they learn in the classroom to work and develop relationships with senior leaders in the business community. Students who graduate from the School of Business enter the professional world with education and experience that equips them to quickly prove their worth to the organizations they go to work for. Not surprisingly, companies that hire graduates of the School are united in their praise for the dedication and ability of the people they have employed. Many University of Alberta business alumni have risen to senior leadership positions in major corporations and public sector organizations; a number of their other colleagues have been successful in pursuing various forms of entrepreneurial endeavors. Collectively, the diverse career accomplishments of these people provide a compelling testimonial to both the high caliber of student that the School of Business admits and to the outstanding quality of education which it offers to them.
1725
1505
711 641
6.9 6.0
99
98
99
98
610 618
98
Average GMAT
Enrolment
Applications
Average GMAT
Enrolment
662 663
6.5
99
Applications
Average GMAT
7.1
284
98
Enrolment
Applications
Mean GPA
Admitted
Minimum GPA*
The impressive credentials of applicants who are admitted to the School of Business provide a strong attestation to the quality of its students.
98
99
Admission Statistics for BCom Program
* Grade Point Average (9-point scale)
603 614
306
99
82
79
98
99
98
99
116
82
81
98
99
43 98 99
98
99
Admission Statistics for MBA Programs
Admission Statistics for MBA Programs
Full-time students entering first year
Part-time students entering first year
5
141
51 98
99
42 40 98 99
Admission Statistics for PhD Program
98
99
“ I feel very fortunate to have had the opportunity to participate in the School’s Co-op business program. The support from the Co-op staff was tremendous and I really learned a lot during the work terms I completed.” Dustin Bateyko
fourth year undergraduate Co-op student
Exploring the Frontiers of Bioethics
Researching the complex issues associated with xenotransplantation – transplanting organs across different species – might seem like an unusual calling for a business student, but to fourth year finance and marketing major Dustin Bateyko, it’s a once-in-a-lifetime opportunity that he was determined not to miss. Raised on a grain farm in Two Hills, Alberta, Dustin is one of the 400 students enrolled in the School of Business’s undergraduate Co-op program. He recently spent two terms working in Ottawa as an analyst with Industry Canada. During his stint in Ottawa Dustin became acquainted with a senior scientist involved in a Harvard Medical School study of the ethics of xenotransplantation. When she offered him a position on a Canadian youth team that spent the summer of 2000 at Harvard assisting the scientific team, Dustin jumped at the chance. To help fund the costs of his participation in the Harvard project, Dustin convinced corporate and private sponsors of the importance of the issues that the xenotransplantation researchers were exploring. Once he receives his business degree from U of A, he’s contemplating a career in finance, possibly specializing in work with biotechnology companies. Dustin credits the School’s Co-op program with providing him with valuable work experience that enhanced his self-confidence and interpersonal skills. He looks back on his studies at the School of Business as being a rewarding and memorable experience.
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“The education I received in the University of Alberta MBA program provided a terrific complement to the skills I had acquired during my earlier career. I have no doubt that the MBA will open a lot of new doors.” Andrew Thomson MBA Class of 2000
From PPCLI to MBA
Growing up in rural Alberta Andrew Thomson always had an adventurous streak, and when he graduated from high school in 1988 he was looking to do something different. The ideal opportunity soon presented itself when a Canadian Forces recruiter offered him a position in the legendary Princess Patricia’s Canadian Light Infantry (PPCLI) regiment. After completing his basic military training in Cornwallis, Nova Scotia, Andrew headed back west to Winnipeg where he spent the next three years with the regiment learning about infantry tactics and weapons and serving as a United Nations peacekeeper. Andrew’s experience in the army provided him with a tremendous “real-world” education that taught him much about leadership, teamwork, perseverance, and resourcefulness. When his tour of duty was up in 1991, he decided it was time to head back into the classroom and enrolled at the University of Alberta, graduating five years later with an undergraduate degree in science. After spending a couple of years working in construction Andrew concluded that a business degree was something that would substantially broaden his horizons, and accordingly he signed up as a member of the University of Alberta MBA Class of 2000. Andrew found the MBA program challenging and rewarding, and felt that it provided him with the theoretical background he needed to put many of his earlier career experiences into greater perspective. While he was completing the program Andrew served as an active member of the Varsity Consulting Group, a student-run enterprise that provides consulting advice to private sector, government, and not-for-profit organizations in the Edmonton area. Andrew and his colleagues provided a variety of services to their clients, including feasibility studies, market research, and preparation of business plans. He’s now seriously considering joining a major consulting firm.
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Learning Environment
The University of Alberta School of Business strives to maintain an outstanding environment for teaching and learning. Professors invest a great deal of time and effort in developing courses and perfecting their teaching techniques, and also make themselves readily accessible to students for consultation and individualized assistance. Students are encouraged to take responsibility for their own learning, to think about new ideas and concepts and to experiment with new and creative ways of applying the managerial skills that they learn in the classroom. The focus on high quality learning means courses are periodically subjected to in-depth reviews and updated and revised to keep them relevant. In parallel with these efforts, new programs like the MBA specializations in Technology Commercialization and Natural Resources and Energy provide students with innovative, demand-driven education in rapidly growing fields. The learning environment which exists at the School is further enhanced by ongoing efforts to upgrade and modernize its physical facilities. Thanks to the generosity and support of the business community, this past year the School took two major steps forward in this regard with the opening of the Eric A. Geddes Facility for Strategic Management and the completion of a $1.5 million expansion of the Stollery Executive Development Centre.
Mastering the Challenges of Technological Change
Extraordinarily rapid technological change presents both great opportunities and enormous challenges for organizations in virtually every sector of economic activity. To help young managers understand the complexities of managing new technology, the School of Business recently introduced a new MBA specialization in Technology Commercialization which combines the fundamental elements of the University of Alberta’s MBA curriculum with innovative courses that focus on issues associated with the management of intellectual property and commercialization of new technology. Students in the Technology Commercialization specialization also gain practical experience through a four-month business internship during which they assist an organization in moving a new technology from conceptual development to the marketplace. An important added benefit for students interested in the Technology Commercialization specialization is the School’s close relationship with the University of Alberta’s Industry Liaison Office, a unit of the University which commercializes new technologies developed by faculty members and manages partnerships with industry and government. To date, research conducted at the University of Alberta has helped create over 50 spinoff companies, more than any other Canadian university and second in all of North America. Alberta is one of the top research centres in North America, and Edmonton is one of the 5 designated “Smart Cities” in Canada. Delivering Canada’s first MBA Technology Commercialization program in an environment of this kind ensures that University of Alberta MBA graduates will be well prepared to help their employers reap the benefits of tomorrow’s technological breakthroughs.
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“ Companies involved in the natural resources and energy industries have a pressing need for talented younger employees who have the potential to serve as the next generation of corporate leadership.” Professor André Plourde
Associate Dean, MBA Programs
The World’s Leader in Natural Resources Management
For much of this country’s history, Canada’s abundant natural resources have provided an important foundation for economic growth and job creation. In the global economy of the 21st century effective stewardship of natural resources is even more important. The School of Business has positioned itself to be an international leader in this field with the recent introduction of a new MBA specialization in Natural Resources and Energy. Drawing upon the tremendous depth of expertise in natural resources and energy management that exists in Alberta, many of the instructors who teach in the new program are faculty members who have had extensive experience consulting to energy companies in the province. The Natural Resources and Energy MBA is international in its perspective and requires students to complete both the regular MBA curriculum as well as a number of industry-specific courses focusing on issues such as natural resources economics and environmental management. Candidates also gain practical career-related experience by completing a summer internship or directed research project in between the two years of the program. Seventeen students completed the internship during the summer of 2000.
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“ The development of the bilingual option represents an important step forward for our Bachelor of Commerce program. It provides an exciting and rewarding challenge for students who choose to take advantage of the opportunity to immerse themselves in the two languages and cultures of Canada.” Educating Bilingual Managers for Today’s Needs
The co-existence of Canada’s two official languages adds tremendous richness and diversity to the nation’s character. It also creates a need for managers and executives who can do business in both English and French. In 1997 the School of Business partnered with the Faculté Saint-Jean, the University of Alberta’s French-language faculty, to introduce Canada’s first truly bilingual Bachelor of Commerce program. Students in the program complete all of the regular requirements for a Bachelor of Commerce degree; taking their courses in both English and French helps them acquire language skills that are a tremendous asset in the business world.
Elaine Geddes
Assistant Dean, Undergraduate Programs
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“ I believe that an effective university teacher is someone who understands how adults learn and who is able to act as a facilitator and a coach for his or her students. Teaching is an art that requires professors to invest a tremendous amount of time in preparation and be willing to experiment with new approaches.� Professor Erhan Erkut
Department of Finance and Management Science
Exceptional Teaching makes the Difference
University of Alberta
University of Western Ontario
University of Guelph
University of British Columbia
McMaster University
University of Toronto
York University
The School of Business is home to many talented and dynamic instructors whose dedication to teaching has earned them the admiration of countless numbers of students. Faculty have won many high profile teaching awards conferred by both the University of Alberta and various external organizations. Figuring prominently among these honours are the four 3M Teaching Fellowships which have been won by School of Business professors, more than have been won by any other business school in Canada. Professor Erhan Erkut, whose Operations Management classes are standing room only, is our most recent 3M winner. Since joining the School of Business in 1985, Professor Erkut has developed and taught courses in management science and operations management, and was a pioneer in using E-mail and Web sites as pedagogical tools. Consistently voted top of the list in student satisfaction surveys, Professor Erkut and his colleagues this year hosted the annual meeting of the Canadian Operational Research Society in Edmonton. One of its unique features was a problem-solving competition for high school students from across Alberta.
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6
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Of the twenty-two 3M Teaching Fellowships won by University of Alberta faculty, four have been awarded to School of Business professors. This is the highest number of 3M Teaching Fellowship winners of any Canadian management school.
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3M Teaching Fellowships since 1990
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Professor Michael Gibbins
Winspear Professor of Professional Accounting and Chair, Department of Accounting and Management Information Systems
“ Throughout my career I have viewed teaching as being a labour of love. I’ve always tried to help my students understand and appreciate how the subject matter I teach relates to the real world, and challenge them to broaden their intellectual horizons by testing new ideas and concepts.” Leadership in Management Education
Professor Michael Gibbins is one of the School’s most respected and accomplished teachers. An internationally renowned scholar, he has devoted his professional career to the advancement of accounting education. Since arriving at the University of Alberta in 1984 Professor Gibbins has taught courses at all levels. In recognition of his accomplishments, in 1987 he was named the Winspear Professor of Professional Accounting, and he currently serves as Chair of the Department of Accounting and Management Information Systems. Known for his sense of humour and ability to simplify abstract concepts into easily understandable terms, he has earned consistently high ratings from the many students he has taught and has been honoured with several prestigious awards, including the University of Alberta Rutherford Award for Excellence in Undergraduate Teaching and the LS Rosen Outstanding Educator award from the Canadian Academic Accounting Association. In April, Professor Gibbins’ accomplishments were recognized by the National Post when he was selected as one of four winners of the Leaders in Management Education awards.
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“The thing that stood out most clearly in my mind was the impressive quality of the students one finds at the School of Business. These young people are bright, energetic, and very focused on what they want to accomplish.” Hugh Bolton
Corporate Director, Financial Consultant and Chairman of the Board, EPCOR Utilities Inc.
Bringing a Lifetime of Experience into the Classroom
In 1959, armed with a freshly minted Bachelor of Arts degree from the University of Alberta, Hugh Bolton signed on with the Edmonton office of chartered accounting firm Coopers & Lybrand. Over the next 40 years Mr. Bolton enjoyed a very successful career with the organization, the high point of which was his election in 1993 as Chair of the firm’s Canadian arm, a position which he held for the next six years. Prior to his retirement from corporate life in 1999 Mr. Bolton’s last assignment involved overseeing the merger of C&L with Price Waterhouse that created PricewaterhouseCoopers, the largest professional services firm in the world. His business career took him to the four corners of the globe, but notwithstanding his often-hectic schedule Mr. Bolton remained a loyal supporter of his alma mater and for many years served as a key member of the School’s Business Advisory Council. In 1999, shortly after retiring from PricewaterhouseCoopers, Mr. Bolton decided to go back to school as an Executive-in-Residence. During the four months that he spent on campus he taught a course in Management of Professional Services Firms, participated in research on professional firms and helped to raise funds for the School. Mr. Bolton’s students benefited from the wealth of experience he was able to bring into the classroom and he looks back on his tenure as an executive-in-residence as being an enjoyable and invigorating experience. To keep life interesting, this year Mr. Bolton took on a new challenge when he agreed to serve as chair of the board of EPCOR, the electric utility company owned by City of Edmonton.
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Intellectual Environment
One of the most important responsibilities of any university business school is to undertake research that helps to push back the frontiers of knowledge. Through their extensive involvement in both fundamental and applied research, professors at the School of Business are broadening our understanding of the art and science of management. A strong focus on quality and rigour means that faculty members are encouraged to submit their work for consideration by the leading academic journals in their fields, and the impressive success many faculty members have enjoyed in having their research accepted for publication provides a compelling testimonial to the significance of the work they have done.
In research and scholarly activity, the School of Business has consistently been one of this country's most productive and respected institutions. Analysis of research activity at Canadian universities indicates that during the period
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Journals surveyed: Academy of Management Journal Academy of Management Review Accounting Accounting Review Administrative Science Quarterly American Economic Review American Journal of Sociology American Sociological Review British Journal of Industrial Relations Contemporary Accounting Research Economic Journal Econometrica Industrial Labour Relations Review Industrial Relations International Economic Review Journal of Accounting Research Journal of Accounting and Economics Journal of Accounting and Research Journal of Applied Psychology Journal of Business Journal of Finance Journal of Financial Economics Journal of Financial and Quantitative Analysis Journal of Labour Research Journal of Management Studies Journal of Marketing Journal of Marketing Research Journal of Monetary Economics Journal of Political Economy Journal of Retailing Management Science Marketing Science MIS Quarterly Operations Research Organization Science Organization Studies Organizational Behaviour and Human Decision Processes Organizations and Society Quarterly Journal of Economics Review of Economics and Statistics Strategic Management Journal
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Source: Institute for Scientific Information: The Web of Science (Scientific Databases) http://wos.isiglobalnet.com
1990 through 1999 the University of Alberta School of Business ranked in the top four business schools as measured in a list of 41 prestigious journals (see footnote 1) and by references to our research by other scholars (see footnote 2).
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entreprene
Professor David Cooper
Director, PhD Program and CGA Professor of Accounting
“ In our PhD program we attach a high degree of importance to getting the right fit between the students we admit and what we have to offer. We give students a great deal of individual attention in the program and try to do as much as we can to help them develop their full potential as researchers and educators. ” Doctoral Education for 21st Century Challenges
Preparing aspiring young scholars to pursue academic careers is one of the most important priorities of any institution of higher learning. At the University of Alberta School of Business, the PhD program is the primary vehicle for accomplishing this objective. First established in 1984, the program admits doctoral students into each of the School’s four main academic departments. Candidates who are accepted require an average of five years to complete the program, during which time they receive a rigorous grounding in research methods and master an extensive body of knowledge in their respective fields. With only 45 candidates enrolled at any given time the PhD program is relatively small in size, but it remains committed to providing candidates with an outstanding learning experience. A key part of the program’s philosophy involves devoting considerable time and effort to assessing and selecting prospective candidates and admitting only those applicants whose intellectual interests form a good match with the expertise that exists within the School. Students who are accepted benefit from extensive opportunities to work closely with leading professors in their fields, and the School makes every effort to enable doctoral candidates to participate in high profile academic conferences and assist them in having their work published in respected scholarly journals. The fact that University of Alberta PhD graduates have built successful academic careers at leading universities in Canada, the United States, and abroad attests to the high standard of training that doctoral students receive at the School of Business.
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“The study of family businesses is one of the last frontiers in the field of management research and it’s an area that offers many interesting and exciting opportunities.” Professor Lloyd Steier
Director, Centre for Entrepreneurship and Family Enterprise.
Exploring the Complexities of Family Enterprises
Family-owned businesses constitute a vital component of economic activity in every region of the globe; in Canada alone, family enterprises are estimated to employ over six million people and contribute some $1.3 trillion to the economy every year. Surprisingly, relatively few academics have studied the management of family enterprises, and that’s why the School of Business established the Centre for Entrepreneurship and Family Enterprise in the fall of 1999. Headed by Professor Lloyd Steier of the Department of Strategic Management and Organization, the Centre for Entrepreneurship and Family Enterprise has a mandate to conduct research on management of family businesses and develop courses designed to teach students the specialized management skills that are needed within this area. Since commencing their work in October of 1999 Professor Steier and colleagues Lynne Bigam, Jennifer Cliff, Pablo Martin, and Trish Reay have initiated research projects focusing on succession planning, organizational structure and governance in family businesses. In addition, they have developed and taught a new fourth-year business course on Managing Family Enterprise which is designed to sensitize students to the unique issues and challenges associated with running family firms. Members of the Centre are also working actively with the Canadian Association of Family Enterprise ( CAFE) and are developing partnerships with other academic institutions and professional bodies that share an interest in the management of family businesses. Their long-term objective is to build the Centre for Entrepreneurship and Family Enterprise into an internationally-recognized focal point for the creation and dissemination of new knowledge pertaining to the many complex dimensions of family enterprises.
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Professor Royston Greenwood TELUS Professor of Strategic
Management and Associate Dean, Research
“ New trends such as globalization and technological change have become the driving force behind the many far-reaching changes that are now taking place within the professions. The mission of the Centre for Professional Service Firm Management is to examine these changes in a critical light, and help both academics and practitioners to understand how professional firms can be managed more effectively.” Leadership in Professional Services
Professional firms active in fields such as accounting, law, management consulting, and executive search provide a wide range of sophisticated services that play an essential role in our economy. They have unique ownership and organizational structures, and the ongoing consolidation within many professional fields means that the larger firms are serving an increasingly international clientele. The Centre for Professional Service Firm Management studies the many challenges associated with managing professional firms in today’s global economy. The only research centre of its kind to be located within a Canadian business school, the Centre for Professional Service Firm Management has been in operation since 1992. Key faculty members include Professors Royston Greenwood and Bob Hinings from the Department of Strategic Management and Organization and Professor David Cooper of the Department of Accounting and Management Information Systems. The Centre’s activities focus primarily upon fundamental research, and recent work has explored issues such as changes in the management of global accounting firms, changes in the roles and relationships between professional firms, management of global audits, and managing mergers of professional firms. The Centre’s accomplishments were recognized by the University of Alberta in 1998 when it was designated as an Emerging Centre of Excellence at the University. In addition to their extensive research activities, faculty members associated with the Centre have also developed an elective course on Management of Professional Service Firms for undergraduate and MBA students and have hosted seminars and workshops for executives of major professional firms. Articles written by members of the Centre have appeared in national newspapers such as The Globe and Mail and the Financial Post.
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Community Involvement
A key part of the challenge that faces any business school involves making an active and meaningful contribution to the larger community around it. Business schools must be prepared to offer advice and assistance to help local organizations become more successful and also be willing to use their intellectual resources to help large multinational companies compete in the global economy. As well, consistent with the larger mission of the university as being an instrument of social progress, business schools have a duty to do what they can to enhance the quality of life of all citizens within the external community. For many years the University of Alberta School of Business has enthusiastically embraced the idea of community involvement, and has helped to make important contributions through a variety of initiatives. Within the Edmonton region and the province of Alberta the professors and students associated with the School have played an important role in helping organizations to address a wide variety of management challenges, and many have also willingly volunteered their time and effort to assist numerous charitable causes. At the national level, in recent years the School has played an increasingly important role in helping to set the business agenda and encourage enlightened debate on important social issues. All of these activities are consistent with the School’s belief that it has an important duty to fulfill in terms of serving and contributing to the larger community of which it is a part.
The School of Business’s location in Edmonton places it in the heart of one of Canada’s most dynamic cities, and throughout its history the School has played an important role in contributing to the growth and development of the community of which it is a part.
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“Syncrude has made dramatic changes in the technologies and processes it uses in its operations, and is now trying to implement a new type of culture to achieve optimal employee performance.” Professor Ian Gellatly
Department of Strategic Management and Organization
Preparing Syncrude for the Future
As a major player in the international oil industry, Syncrude Canada Ltd. has some 3,500 people on its payroll and is one of the largest employers in Alberta. Next year the company will begin a massive, decade-long recruiting initiative in which between 200 and 300 new people will be hired every year. As part of this process Syncrude has recognized the need to attract individuals who possess the right kinds of technical training and the interpersonal skills required to work in a team-oriented environment. The company has turned to Professor Ian Gellatly of the Department of Strategic Management and Organization for assistance in developing and implementing appropriate employee selection tools. Professor Gellatly is working with Professor Richard Goffin of the University of Western Ontario to review, redesign, and evaluate the pre-employment testing procedures that Syncrude uses to assess the thousands of people who apply for positions each year. The objective is to ensure that all new employees at Syncrude have the skills and knowledge required to perform the specific jobs they are hired for and in addition, the personal characteristics that will permit them to readily assimilate into the work environment that exists within the company. Many of the selection tools that will be used are behavioural-based, and are intended to help predict how prospective employees will perform in the situations they will likely encounter on the job. Over the course of the three years that they will be working with Syncrude, Professor Gellatly and his colleague will spend a considerable amount of time on-site at the company’s Fort McMurray location to test and validate the new employee selection tools. Their goal is to help Syncrude position itself as an “employer of choice” and an organization that has successfully implemented innovative, state-of-the-art staffing techniques.
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Sheryl Wolowyk
Executive Director, Centre for Executive and Management Development
“ In today’s world clients expect value for their money; we focus on delivering it by providing educational programs that form a precise fit with the management development needs of the organizations that we work with.” Management Training for the 21st Century
Today’s managers and executives operate in a world where continuous learning has become a necessity. The University of Alberta School of Business is responding to this need by using its Centre for Executive and Management Development to provide the training managers require to keep abreast of new developments. Executive development programs like the Alberta Executive MBA and the Banff School of Advanced Management are offered in partnership with other institutions. Other faculty executive development programs are stand-alone offerings tailored to meet the needs of individual client organizations. Among the more popular programs offered by the Centre for Executive and Management Development office are courses dealing with negotiation, leadership and people skills, strategic marketing, and finance and accounting for non-financial managers. One of School’s most noteworthy achievements to date has been the development of a highly-regarded series of programs for public servants employed by the Government of Alberta. Working in collaboration with the provincial government’s Human Resource Development Network, the School of Business has developed two different levels of educational programs. The first, geared to the needs of senior government executives, examines the political and economic environment in which government operates and explores issues associated with managing change and building high-performance organizations. The second series of programs, developed specifically for first-line supervisory staff, is a skills-oriented curriculum that focuses on areas such as leadership, negotiation, public speaking, and project management. The School of Business has extended its success in these areas by also providing training to employees of the City of Edmonton and other people who work in the public sector.
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passion
“ The School of Business has provided an outstanding environment from which to launch a new venture like the Canadian Centre for Social Entrepreneurship. I’ve received tremendous support from both faculty members and students and I’m confident that their interest and enthusiasm will help our Centre achieve its vision.” Gary McPherson
Executive Director, Canadian Centre for Social Entrepreneurship
New Vision for the Not-for-Profit Sector
Gary McPherson’s remarkable life story is a living testimonial to what one person can accomplish equipped with little more than faith, courage, and determination. At the age of nine he contracted polio which left him paralyzed with quadriplegia, and he spent most of the next 35 years growing up in medical institutions within the Edmonton area. His struggle with polio left Gary with severe physical handicaps, but it could not constrain his tremendous spirit and strong desire to help change society for the better. Throughout his life he has been a vigorous community activist and outspoken advocate for the rights of the disabled, and has been honoured with several awards recognizing his leadership and his contributions to important volunteer groups. In the spring of 2000 Gary published With Every Breath I Take, a landmark book that recounts his own life story and describes how he learned to take control of his own physical, emotional, and spiritual health. Gary has had a long association with the University of Alberta, and his most recent initiative with the University has involved spearheading the establishment of the new Canadian Centre for Social Entrepreneurship within the School of Business. The primary mission of the Centre is to encourage creative thinking and entrepreneurial management within the voluntary and not-for-profit sectors. As Executive Director, Gary oversees the development and implementation of research on social responsibility and community development issues and educational programs targeted at nonprofit organizations and private sector companies interested in community investment. The Centre has developed and delivered two new three-day executive seminars, and has also released its first discussion paper and held a community forum on the context of the voluntary sector in Alberta. Future activities will continue to focus on stimulating debate about key social issues, raising awareness of the importance of the role of the voluntary sector, and building new partnerships involving collaboration between business, government, and not-for-profit organizations.
21
Paul McElhone
Executive Director, Canadian Institute of Retailing and Services
“ Our objective has been one of constantly keeping an eye on the horizon for new developments, and helping managers within the industry to formulate strategies for meeting the kinds of new challenges we believe the future will bring.” An International Leader in Retail Management
Retailing is one of the most important sectors of the Canadian economy; from giant “big box” chains to much smaller individual outlets operated by sole proprietors, retail businesses employ hundreds of thousands of people in this country and support equally large numbers of other jobs at suppliers of every conceivable kind. In 1991 the University of Alberta School of Business embarked upon a quest to become the pre-eminent Canadian business school in this field by helping establish the Canadian Institute of Retailing and Services (CIRAS). CIRAS’s mission is to enhance management practice within the retail and services industries by providing education and training to managers and executives, and by facilitating dialogue between academics, practitioners, and students. Headed by Academic Director Paul Messinger, a Professor of Marketing in the School of Business, and Executive Director Paul McElhone, a former executive with a well-known Western Canadian apparel retailer, CIRAS is involved in both research and educational activities that focus on important topical issues in retailing. Policy guidance for the Institute’s activities is provided by an advisory board composed of senior industry leaders. Over the past eight years CIRAS has launched a number of important initiatives. In 1992 CIRAS took the lead in establishing the Henry Singer Award, a distinction granted each year to a business leader who has demonstrated exceptional leadership in both retail management and service to the community. Recent award winners include Don James, CEO of Deeley Harley Davidson (1999) and David Bloom, CEO of Shoppers Drug Mart Ltd. (1998) Since 1995 CIRAS has offered a Certificate in Retailing and Services program designed to help individuals involved in the retailing and services sectors to upgrade their managerial skills. As well, the School of Business offers a Bachelor of Commerce degree with a Retailing and Services designation. Innovative new courses, such as Marketing 488, the CIRAS internship, provide students with valuable real-life experience.
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International Activities
The last time the world ushered in a new century Sir Wilfrid Laurier was the nation’s Prime Minister, and at that time he confidently proclaimed that the 20th century would belong to Canada. In many respects, Laurier’s predictions were borne out: it was over the past 100 years that this country rose from being a colonial satellite of the British Empire to achieve the status of a full-fledged player on the world stage. Today, at the dawn of a new millennium, the most important imperative facing Canadian companies has become that of learning to compete in an international economy where transnational boundaries are becoming increasingly irrelevant. Recognizing the significance of the challenges which globalization presents, the School of Business has invested tremendous energy in building an impressive portfolio of international initiatives which impact virtually every aspect of its teaching and research activities. Throughout its history the School has always had a strong international orientation, and its professorial corps includes representatives from many different regions of the world. The focus on international projects gained significant momentum in 1989, when the School became one of a select group of Canadian business schools to be designated as a Centre for International Business Studies. In the decade since then, the School has enjoyed great success in broadening and strengthening its international orientation. Many undergraduate and MBA courses now contain some elements of international content, a number of faculty are involved in conducting research on globalization and its implications, and alliances have been forged with other leading business schools around the globe. In the years to come the School will continue its efforts to be recognized as being a “world class” leader in the teaching and research of international management.
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“The depth of academic expertise we have at the School of Business gives us a tremendous opportunity to become one of this country’s leading schools of international management.” Professor Rolf Mirus
Director, Centre for International Business Studies
Providing Leadership for International Activities
Professor Rolf Mirus’s interest in international business is a natural reflection of his own life and career. A native of Germany, he spent his summers working in Great Britain and later did graduate work in the United States before moving to Canada to begin his academic career at the School of Business. Beginning in 1983 he played an instrumental role in forging the institution’s first links with Xi’an Jiatong University, one of the most prestigious universities in mainland China, and in the nearly twenty years since then he has nurtured this relationship into a major partnership which has provided significant benefits to both partners. The School’s connection with Xi’an Jiantong University has allowed several faculty members to teach and conduct research in China, and has also created opportunities for numerous Chinese scholars and businesspeople to visit this country. Throughout his career at the School Professor Mirus has been a tireless champion for international activities of various kinds. From 1988 to 1992 he served as the first Director of the Centre for International Business Studies, a position he was reappointed to in the summer of 1999. Well-known for his research into various aspects of international management, Professor Mirus has served as a reviewer and editorial board member for several prominent academic journals. He’s also been a frequent media commentator on business and economic issues and has participated in numerous seminars and meetings designed to help Alberta businesspeople understand the challenges and opportunities presented by globalization.
24
“ Latin America is rapidly developing into one of the world’s largest and most lucrative trading blocks, and as such it’s a region which offers an enormous window of opportunity for Canadian companies.” Don Stewart
Project Director and President, Archon International Inc.
Building Bridges Throughout the Americas
Latin America – the vast expanse stretching from the Mexican border to the southernmost tip of Chile – may be one of the most exciting and rapidly-changing areas of the world. Recognizing the opportunities that are inherent in this region, in March of 1999 the School of Business launched an ambitious new initiative designed to raise its profile throughout Central and South America and partner with leading educational institutions and corporations. The Latin American Development and Recruitment Project should be fully operational by the beginning of 2001, and will involve activities in Mexico, Venezuela, Columbia, Ecuador, Peru, Chile, Argentina, and Brazil. The project is headed by Executive Director Professor Philip Raworth, chair of the Department of Marketing, Business Economics, and Law, and is managed by Project Director Don Stewart. The School’s expansion into the Southern Hemisphere has several key objectives. One aim will be to attract larger numbers of foreign graduate students to the University of Alberta, and already considerable progress has been made in encouraging various Latin American universities to recommend the School’s programs to their students. In addition, in each of the countries the project is targeting the School is actively working to identify and engage private sector partners, and as the project evolves future attention will be focused on developing training programs for Canadian companies seeking to do business in Latin America. This initial two-year project will be the first step in what will eventually become a sustained effort to build long-term relationships that will extend the School of Business’s influence into every corner of the Americas.
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Partnerships
Without a doubt, the School of Business’s most committed and enthusiastic supporters are the 14,000 graduates from the Bachelor of Commerce, MBA, MPA and PhD programs who make up the Business Alumni Association. Every day these people make important contributions in organizations all around the world, and through their professional accomplishments they act as outstanding ambassadors for the School. Our alumni assist the School in many different ways: they offer our current students employment opportunities and valuable guidance on career planning; they enable faculty members to undertake research into real-life ventures and challenges; and they provide their fellow graduates with a valuable source of contacts and advice at the many alumni branch events that occur in major cities around the world. One of the School’s most important long-term priorities is to build even stronger partnerships with its graduates, through both alumni events and our award-winning alumni magazine, “ business.” Alumni relations is but one of the key elements involved in building strong working partnerships with a wide variety of organizations and individuals. These alliances have produced many important benefits for all parties involved and have been particularly useful in terms of helping professors at the School keep abreast of the many changes that are taking place in the business world around them. Within the University of Alberta, the School of Business’ partners include the various other academic units of the university with whom it has collaborated on research and educational initiatives. In the external community, some of the institution’s most important partners include the 30 members of the Business Advisory Council and the many individuals and organizations whose generosity has provided financial support for the School of Business. These contributions have enabled the University of Alberta to build one of the largest endowments of any business school in Canada. One of this School’s most important strategic priorities will be to maintain and enhance its relationships with valued partners such as Syncrude Canada, EPCOR Utilities, Telus, and CIBC, and aggressively seek out new opportunities to cultivate linkages with other organizations. The objective of these efforts will be to encourage greater dialogue between academics and practitioners and help the School of Business play an active role in contributing to the success and development of the Canadian business community. It is through such a process that the School aspires to position itself as being a national asset for all Canadians, and one whose intellectual resources and expertise can be marshaled to help Canadian companies compete on the world stage and at the same time serve the larger best interests of society as a whole.
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competitive
“ The Business Advisory Council has been a tremendously valuable resource for the School. The members of the Council have been tireless in their support for the new initiatives we are putting in place, and they’ve provided us with an enormous amount of valuable advice which has helped us to align our teaching and research activities with the challenges modern organizations are facing.” Michael B. Percy
Stanley A. Milner Professor and Dean, School of Business, University of Alberta
Business Leaders Show the Way
One of the School’s most important links with the realm of the practitioner is provided by its Business Advisory Council (BAC), a group of senior executives which meets regularly to provide advice and guidance on important educational and policy issues. Representing a diverse variety of industry and professional sectors, the members of the BAC are all seasoned and respected managers who offer the School the benefit of their collective experience. Much like a corporate board, the BAC’s role involves working with senior administrators to establish a broad strategic direction for the School and periodically evaluate progress against agreed-upon objectives. BAC members have also played an active role in helping to raise funds for the School, and several have served as guest lecturers or executives-in-residence on various occasions.
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“I would give the University of Alberta School of Business very high marks for what it has accomplished in both teaching and research, and I was gratified and deeply honoured to be selected as the winner of the Canadian Business Leader Award.” Maureen Kempston Darkes
President and General Manager, General Motors of Canada Ltd., 1998 winner of the Canadian Business Leader Award.
Paying Tribute to Canada’s Business Heroes
Chief Executive Officers are the captains of industry whose decisions chart the course of this country’s economic future, and in many cases their leadership has helped Canadian companies to achieve some remarkable successes. To honour the courage and the vision of Canadian executives who have particularly distinguished themselves during their tenure at the helm, in 1981 the School of Business established the Canadian Business Leader Award (CBLA). Candidates for the award, who may be nominated by members of the university community or by the general public, must be chief executives of major Canadian organizations, and the nominees are evaluated by a panel of judges based on the significance of their overall career accomplishments. Winners of the CBLA are presented with the award at a gala dinner in Edmonton, which takes place every year in March. The CBLA is rapidly becoming recognized as being one of the most prestigious distinctions of its kind in the country, and the annual awards dinner is now considered to be among Alberta’s most popular and best-attended business events.
28
John Ferguson
Chancellor of the University of Alberta
“ The School of Business gave me the skills and knowledge to be fortunate enough to succeed both as an entrepreneur starting a new business and in providing direction for major Canadian corporations.”
Inspiring Loyalty from Alumni of All Ages
They received their degrees nearly 35 years apart, but John Ferguson, BComm 1964, and John Bethel, MBA 1998, share a sense of strong pride in being University of Alberta business graduates and a profound commitment to remain involved with their alma mater. They’re just two examples of the 14,000 alumni for whom graduation from the School of Business was the first step in what was to become a very successful career path. A 1964 Bachelor of Commerce graduate who spent the early years of his career as a chartered accountant, John Ferguson is today Chancellor of the University of Alberta and one of Alberta’s most prominent business executives. As Chairman of Princeton Developments Ltd., a company he co-founded in 1975, Mr. Ferguson oversees an organization that is a major developer and manager of commercial properties throughout Western Canada. An active and respected leader in both business and community circles, Mr. Ferguson also serves as Chair of the board of TransAlta Corporation and is a Director of the Royal Bank of Canada, Suncor Energy and several charitable and philanthropic organizations. For many years Mr. Ferguson has been an enthusiastic booster of the School of Business; he’s a longstanding member of the Business Advisory Council and has played an important role in facilitating relations between the School of Business and the business community. Mr. Ferguson’s son Brad is also an alumnus of the School of Business who graduated with his Bachelor of Commerce degree in 1995.
29
“ My work with Ernst & Young’s E-commerce practice has given me tremendous opportunities to work with the leaders of the new E-conomy. I can definitely say that I would not be where I am today had it not been for the skills and networks I brought with me from the School of Business.” John Bethel
MBA, Class of 1998
John Bethel is an outstanding representative of the younger alumni of the School of Business. An Edmonton native with a passionate interest in politics, John studied Political Science at the University of Alberta and subsequently worked for two years as a researcher at the Alberta Legislature. Seeking a graduate degree that would open the door to new career opportunities, he returned to the university in 1996 and enrolled at the School of Business as an MBA student. His two years in the program were a challenging and sometimes hectic period. Even so, John managed to find time to serve as President of the MBA Association during his second year and also worked with his classmates to organize a major fundraising initiative for a charitable organization that serves Edmonton’s inner-city residents. After earning his MBA in the spring of 1998 John joined Ernst & Young as a management consultant and today he’s involved in conducting research and providing advice to a variety of private and public sector clients.
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Roderick D. Fraser
President and Vice Chancellor University of Alberta
“ The School of Business shares the larger vision of our University and vigorously strives to meet our key objectives. Through our contributions to education and scholarship we seek to be indisputably recognized, both nationally and internationally, as being one of Canada’s finest universities in teaching, research and community service and amongst a handful of the world’s best.”
Achieving Innovation and Excellence Through Collaboration
One of the most important competitive advantages enjoyed by the School of Business is its association with a research-intensive university that is widely considered to be one of the finest institutions of its kind in Canada. Professors from many of the University of Alberta’s 16 faculties and schools have been exceptionally successful in securing research grants from prestigious funding bodies and in having their work published in leading academic journals. Likewise, the fact that U of A has produced 22 winners of the 3M Teaching Fellowship – six more than its closest competitor in Canada – demonstrates the strong commitment to quality teaching which is shared by members of the university community. Collaboration with other academic units of the university has enabled the School of Business to offer a number of innovative programs which provide students with unique educational opportunities. At the undergraduate level, for example, through a partnership with the Faculté Saint-Jean the School has developed Canada’s first truly bilingual Bachelor of Commerce program, and similarly, co-operation with the University of Alberta’s Department of Modern Languages has made it possible to offer Bachelor of Commerce majors in Chinese, German, Japanese, and Spanish-American studies. At the Master’s level, agreements with other faculties give MBA students opportunities to enroll in joint programs in which they can also earn graduate degrees in fields such as law, engineering, forestry and agriculture. In both teaching and research, the University of Alberta School of Business is clearly one of the best institutions of its kind in Canada. Its successes stem from the strong sense of collegiality and teamwork and the passionate commitment to the pursuit of excellence that are the defining characteristics of the University of Alberta.
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Source and Use of Funds
Source of Funds ($000) Actual
Projected
Year ending March 31, 2000
Year ending March 31, 2001
University Funds
University operating grant
$ 10,348.4
Loan from University Other University funds Total
$ 10,905.1
500.0
0
92.4
112.8
10,940.8
46.6%
11,017.8
43.3%
Government Grants
Access and other provincial grants
833.6
Federal grants (other than research) Total
870.4
625.6 1,459.2
85.0 6.2%
955.4
3.8%
Own Source Funds
Cost recovery programs
823.3
Research grants and contracts
606.1
984.3 719.9
Endowment income
2,702.2
2,911.9
Donations and planned gifts
3,921.3
4.090.5
Professional development
1,006.9
2,213.1
Centres and conferences
476.0
807.8
Other sources of funds
349.9
381.7
1,189.0
1,357.9
Draw on reserves Total
11,074.8
47.2%
12,109.1
47.6%
Total
$ 23,474.8
100.0%
$ 25,440.1
100.0%
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Use of Funds ($000) Actual
Projected
Year ending March 31, 2000
Year ending March 31, 2001
Teaching *
Student related activities
$
890.5
$
429.5
Student scholarship and other support
580.6
751.5
Program development
300.2
199.1
Instruction and instructional support
4,569.6
Total
6,340.8
27.0%
7,454.5
6,074.4 29.3%
Research *
5,875.8
25.0%
6,928.3
27.2%
Service and Community Relations
1,574.6
6.7%
2,143.5
8.4%
Administration
Salaries and benefits
3,010.1
Staff development
3,349.8
17.2
27.5
Staff recruiting
101.6
100.0
Other non-salary
518.0
788.6
Total
3,648.9
15.5%
4,266.0
16.8%
Infrastructure Improvement
2,227.9
9.5%
378.1
1.5%
862.6
3.7%
803.1
3.2%
2,871.2
12.2%
Technology
Transfers
Transfers to Endowments Transfers to Scholarships
60.4
0.3%
73.6
0.3%
Transfers to Reserves
14.4
0.1%
88.6
0.3%
Total
2,946.0
12.6%
51.6
0.6%
Total
$ 23,474.8
100.0%
$ 25,440.1
100.0%
Scholarships for business students administered by other University units
143.0
Note: this financial information has not been audited. *Based on the University of Alberta’s surveys of time allocation between teaching and research.
33
150.4
Business Advisory Council
Mr. Bruce Alton
Mr. Kevin Jenkins President and CEO
President Blackbird Ventures Inc. Edmonton, Alberta
The Westaim Corporation Calgary, Alberta
Mr. Gordon Arnell Chairman and CEO
Dr. Hiroshi Kurimoto
President Nagoya University of Business Administration and Commerce Nisshin-shi, Aichi, Japan
Brookfield Properties Corporation Toronto, Ontario Mrs. Mary Arnold
Director Arnold Consulting Group Ltd. Edmonton, Alberta
Mr. R.J. (Bob) MacLean
Chairman The Crossing Company Edmonton, Alberta
Mr. Hugh Bolton
Corporate Director, Financial Consultant and Chairman of the Board, EPCOR Utilities Inc.
Mr. Brian MacNeill President and CEO
Mr. Charles Chan
The Right Honourable Don Mazankowski
Enbridge Inc. Calgary, Alberta
Chairman and CEO ITC Corporation Limited Kowloon, Hong Kong
Vegreville, Alberta
Mr. Bob Phillips
Corporate Director Vancouver, British Columbia Mr. Roger Phillips President and CEO IPSCO Inc.
Regina, Saskatchewan Mr. Philip Ponting QC
Managing Partner McLennan Ross Calgary, Alberta Mr. Gerry Protti
Senior Vice President Planning and New Ventures PanCanadian Petroleum Limited Calgary, Alberta Mrs. Janice Rennie
Principal Janice G. Rennie & Associates Edmonton, Alberta
Mrs. Gay Mitchell Mr. Patrick Daniel
President and COO Energy Delivery Enbridge Inc. Calgary, Alberta
Executive Vice President Products, Personal and Commercial Banking Royal Bank of Canada Toronto, Ontario
Ms. Charlotte Robb
Dr. Randall Morck
Edmonton, Alberta
Mr. Jim Dinning
Executive Vice President TransAlta Corp. Calgary, Alberta
Stephen A. Jarislowsky Distinguished Chair in Finance School of Business Edmonton, Alberta
Mr. K. Michael Edwards President and CEO
RT Investment Management Holdings Inc. Toronto, Ontario
Vice President and Regional Manager Alberta North and NWT Canadian Imperial Bank of Commerce
Mr. Joseph Thompson
Chairman PCL Construction Group Inc. Edmonton, Alberta
Mrs. Esther Ondrack
Mr. John Ferguson
Chancellor, University of Alberta Chairman, Princeton Developments Ltd. and Chair of TransAlta Corp. Edmonton, Alberta
Senior Vice President and Secretary Chieftain International Inc. Edmonton, Alberta
Mr. Ron Triffo
Mr. Val Pappes
Mr. Gordon Ulrich President and CEO
Business Development Manager Critical Path Messaging Co. Inc. Toronto, Ontario
Dr. Roderick Fraser
Chairman of the Board Stantec Inc. Edmonton, Alberta
Luscar Ltd. Edmonton, Alberta Mr. Peter Valentine
President and Vice-Chancellor University of Alberta Edmonton, Alberta
Dr. Michael B. Percy
Stanley A. Milner Professor and Dean, School of Business University of Alberta Edmonton, Alberta
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Auditor General Province of Alberta Edmonton, Alberta
The New Name and New Logo
2000 was a watershed year, one during which the University of Alberta Faculty of Business changed its name and revamped its logo. Our competitors, those institutions with whom we compete for the best and the brightest, have branded themselves “schools.” That’s our market. That’s the niche we carve out for the University of Alberta School of Business.
Research/Writing: Michael Kennedy Design: Gottschalk+Ash International Photos: Darren Jacknisky (Bluefish Studios) Printing: Quality Colour Limited
Join us. Seize the advantage.
University of Alberta School of Business Edmonton, Alberta Canada T6G 2R6 Tel. 780.492.4083 Fax 780.492.8748 Toll Free in Canada and USA Tel. 1.877.362.3222
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E-mail ext.fob@ualberta.ca Web www.bus.ualberta.ca