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the human factor
university of alberta school of business
Institutions must be conducted in such a way as to relate them as closely as possible to the life of people. The people demand that knowledge shall not alone be the concern of scholars. The uplifting of the whole people shall be its final goal. Henry Marshall Tory First President University of Alberta
> 6 > 8 > 12 > 15
teaching programs research people
corporate social responsibility corporate governance accountability respect
> > > >
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campaign centres of impact student clubs + competitions business career services alumni financials business advisory council
> > > > > > >
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value
together At the Alberta School of Business we value the trust each and every student and parent has for us to offer a world class business education. We value the trust of our faculty and staff to offer a stimulating, supportive, and ethical work environment. And we value the trust of our community to provide graduates ready to significantly contribute to their employers and their community. In 2004/2005 we did deliver just that, and we are pleased to share the highlights in our fifth annual report. Together, we have accomplished a great deal. Through the passion of our faculty, no less in research than in teaching, through the spirit of our students and alumni, we serve our community. A vibrant business school adds incredible value to a community. In turn, a vibrant business community adds incredible value to a business school. Each lifts the other; each transforms the other.
Michael B. Percy Stanley A. Milner Professor and Dean
teaching Teaching excellence is a tradition here and can be found across departments, throughout departments, from our full professors to our sessionals, and occurs at both the group and individual level. Wide-spread recognition, both internal and external, continues. Our passion for teaching and our students is contagious.
Award-Winning Felipe Aguerrevere, our risk management expert, received the second year MBA Students’ Varsity Consulting Group Professor of the Year Award. The Alberta School of Business has received more 3M Teaching Fellowships – Canada’s top award for undergraduate teaching excellence – than any other business school in Canada.
Terry Daniel, Erhan Erkut, and Armann Ingolfsson were the recipients of the prestigious campus-wide Teaching Unit Award for their joint work in management science. Joseph Doucet was chosen by the University of Alberta’s Graduate Students’ Association to receive its 2005 Academic Staff Award for work of exceptionally high quality. Joseph is the coordinator for the
Erhan Erkut, 3M Teaching Fellow
Natural Resources and Energy specialization in the MBA program.
Rasmus Fatum (Finance), Doug Olsen (Marketing), and Peter Tiessen (Accounting) were the 2005 Mackenzie Teaching Award winners. These awards are presented annually to help demonstrate that superior work in the classroom, attention to student development both in and out of the classroom, working to improve courses and teaching methods, is valuable and valued. Sandy Hilton was the 2005 winner of the Chartered Accountants’ Teaching Award recognizing his efforts in teaching, teaching innovation, his commitment to student clubs, and case competitions. Payman Jula received the Business Students’ Association Sessional/ Visiting Professor Teaching Award. Payman taught supply chain management. Rodney Schneck, Professor Emeritus and former Dean, received the Pierre De Celles IPAC Teaching Award for excellence in teaching in public administration by the Institute of Public Administration of Canada.
National Leaders The Alberta School of Business is a national leader. Both Mike Gibbins and Erhan Erkut are recipients of LIME, the
Terry Daniel and Armann Ingolfsson
Leaders in Management Education award.
programs BCom 2005 Applications: 1,783 Admissions: 928
Bachelor of Commerce discover it all
Enrolled Students: 2,090 Graduates: 597
Our BCom program allows maximum choice and flexibility. We have
3-month placement: 90%
done this by creating a host of majors (17) and minors (14), offering a
Specialized Degrees: > Bachelor of Commerce Co-operative Education
wide range of course selection (286), placing few restrictions on internal or external electives, and reducing core requirements. Accounting, Finance, and Marketing remain the top three majors, with a
> Bilingual Bachelor of Commerce
growing interest in Business Studies and Business Economics and Law.
> Bachelor of Commerce Honours
Community is put back into the classroom with the very popular cohort
> Bachelor of Science Agricultural Food Business Management
remain together for all six required first-year business courses and
> Bachelor of Science Forest Business Management
model. First year business students are divided into groups of 70 and related extra-curricular activities, including the hotly contested Cohort Cup. Increased funding allowed 72 students to participate in six case competitions. This year’s student survey yielded our best results yet in terms of student satisfaction with the quality of their education, perception of teaching, and willingness to recommend the program to a friend. All came in at a 95% satisfaction rate.
Alberta MBA change your world
MBA 2005 Applications: 210 Admissions: 77 Enrolled students: 250
The Alberta MBA is the perfect choice. You can pursue or discover
Graduates: 95
your own area of interest in our general program, or take advantage of
3-month placement: 93%
our innovative niche specializations and joint degrees. The Alberta MBA is offered both full and part-time on the U of A campus. This past year, two thirds of students chose the general program; one third enrolled in the specializations.
Specializations: > International Business > Leisure and Sports Management > Natural Resources and Energy
The Natural Resources and Energy specialization, unique in North
> Technology Commercialization
America, was offered on the U of A campus, on-site in Fort McMurray
> Public Management
for the second time, and, new this year, on-line, in cooperation with Athabasca University.
Joint degrees: > MBA/Master of Agriculture
Our Executive MBA, offered jointly with the Haskayne School of
> MBA/Master of Engineering
Business, ranked 57th worldwide by the Financial Times of London
> MBA/Master of Forestry
ranking, and number two overall in the “aims achieved� category.
> MBA/LLB
Our students won gold at the George Washington case competition. Our MBA mentorship program, matching alumni with current students, expanded to 75 participants.
a global education MBA > MBA International Business – largest specialization > Double degree programs with Mexico (ITESM, Guadalajara) and France (Grenoble) > MBA class, 43% international, representing 16 countries > Study tours to Mexico (International), Houston (Natural Resources and Energy), South America (EMBA)
BCom > 119 students chose International Business major: 30 graduates > 15 international business school exchanges: 43 outgoing students > Most active exchanges: Vienna, Edinburgh, Hong Kong, Mexico > Co-op placements to London, England and Singapore > Three international majors with a language requirement: East Asia, Europe, Latin America
Our international team > Barry Scholnick – Coordinator, MBA International Business specialization > Edy Wong – Assistant Dean International and Director, Barry Scholnick, Edy Wong and Rolf Mirus
Centre for International Business Studies > Rolf Mirus – Named Vice-President International, University of Alberta and Director, Western Centre for Economic Research
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PhD
perspective is everything
PhD 2005 Applications: 337 Accepted: 16 Enrolled students: 67
The best business schools have PhD programs. Professors are drawn to
Graduates: 7
schools that give access to top minds and research assistance. Our PhD
33% international
students were in the classroom, were presenters at leading academic
50% female
conferences and they also received top teaching evaluations. Top teaching and research go hand in hand. After an intensive external review, the University of Alberta’s Faculty of Graduate Studies and Research (FGSR) gave the Alberta School of Business its highest ranking. This ranking is awarded to programs that have world class research and internationally known graduate programs. Less than five per cent of all graduate programs at the University of Alberta have received this ranking. Our PhD Director and holder of the Certified General Accountants’ Chair, David Cooper, continues to lead by example. David received both the 2005 Haim Falk Award for Distinguished Contribution to Accounting Thought and added one more Dr. to his title, as he was awarded an Honourary Doctorate of Economics from Turku School of Economics and Business in Finland.
David Cooper
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research SSHRC 2005 Corporate governance, transparency and the real economic consequences of accounting rules: Karim Jamal and Jennifer Kao
Our research is rigorous, relevant, and recognized. The School accomplished its major research goal of being in the top one per cent
Post-professional regulation: Roy Suddaby and David Cooper
of research-intensive, policy-shaping business schools globally, thanks
Debt, taxes and employee stock options: Mark Huson
support for research activities, and nurturing a vibrant research culture.
Affect integration in a simultaneous presentation context: Doug Olsen
The Alberta School of Business ranked 45th globally in the Financial
to hiring and retaining productive researchers, providing time and
Times of London 2005 research ranking. This ranking was based on a collection of 40 top tier journals and corresponds to a ranking of 23rd among publicly funded business schools. Twenty per cent of our Faculty published in elite journals this year. Almost sixty per cent were supported by externally awarded research grants, including four new SSHRC grants totaling over $356,000.
Family Business Managing for the Long Run: Lessons in Competitive Advantage from Great Family Businesses, by research associates Danny Miller and Isabelle Le Breton-Miller, was published by Harvard Business School Press. The Alberta School of Business, through its Centre for Entrepreneurship and Family Enterprise, also hosted the international “Theories of Family Enterprise Academic Conference�.
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Jennifer Argo
caution when shopping alone Jennifer Argo is on the move. In only her second year with the School, Jennifer had her third and fourth articles published, and her fifth and sixth accepted, in The Financial Times top journals. Her high risk research is not only different from the norm in both topic and research methodology, but is re-directing the field’s focus towards social influence theory. Her findings inevitably lead to lively debate. She has found that consumers become less embarrassed to buy a condom (socially sensitive purchases) the more familiar and frequent the purchase. As well, more expensive brands are chosen when standing next to any person than alone. And did you know that deception is more likely when purchases are questioned in a social context? Jennifer’s preferred and present topic is the impact of touch; her
Jennifer Argo
inspiration comes very much from within.
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David Deephouse
realizing value from corporate reputation Corporate reputation is a relatively new way of looking at a business, and business wants to know more, much more, and fast. It is also an area David Deephouse knows well, very well. An internationally respected leader in the field, David is obsessed with media coverage of business. What effect does business news have on managers’ decisions, on stakeholders, on researchers themselves studying these businesses? How does business news get produced? His past work demonstrated that positive media coverage influenced financial performance and that positive coverage in the financial and mainstream press may not be affected by critical coverage in the trade press. David’s current work looks at how newspaper articles about banks get produced. He finds that the business section had relatively few positive articles, because most news about corporate social performance appears in other sections. The Alberta School of Business’ Centre for Professional Service Firm Management is one of the University of Alberta’s recognized areas of David Deephouse
excellence. Given the value of corporate reputation as an intangible company asset, the implications for David’s pioneering work are great.
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people 2,400 students are our raison d’être. 60 support staff provide the glue for our departments, centres, programs, and administrative offices. 15 managers provide leadership and direction. 72 full-time faculty are affiliated with our three program offices, 12 centres, and four departments. Our teaching is complemented with sessionals, executives-inresidence, and visiting professors. Our research is enhanced by research associates and assistants. All are supported by leading-edge technology. Nine Professors Emerti continue to be involved and continue to inspire. 18,000 alumni make us proud. Together we are better.
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values 16
trust The Alberta School of Business has always seen corporate social responsibility worthy of our support and full attention. Last year we said the following: While we do have specific courses relating to ethics, environmental stewardship and corporate social responsibility, the broader issue of understanding the triple bottom line is sufficiently important that it should be discussed in all courses and across all of our departments. Put bluntly, it ought to be a theme that can be identified in all our courses. This year, you could fairly say that it would be difficult to find a class in which these topics were not discussed. These discussions continued outside the classroom, in our research centres, in our student clubs, in our hallways, outside our doors. Our students get it and are ready to get on with it. They are prepared, they are passionate, and they have been externally recognized for their social and environmental stewardship and initiative. Take a look. 17
social responsibility Just how good are we at integrating social and environmental concerns into our curriculum? We’re a leader, not a laggard, according to the 2005 Corporate Knights Survey. A top three finish for our MBA program was equally matched by our BCom program when compared to 34 Canadian business schools. We received top marks for: inspiring studentlead initiatives; a centre that addresses environmental management: Centre for Applied Business Research in Energy and the Environment (CABREE); a centre devoted to social impact: Canadian Centre for Social Entrepreneurship (CCSE); the MBA specialization in Natural Resources and Energy; and significant and related course offerings and research.
Corporate Knights Survey Results
Melanie Bowbell
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MBA:
Undergraduate:
1. York University
1. Trent University
2. Concordia University
2. York University
3. University of Alberta
3. University of Alberta
Net Impact The international Net Impact organization, committed to using the power of business to create a better world, could very well be the most progressive and influential network of MBAs in existence today. And our own Net Impact Alberta Chapter, could very well be one of the most successful chapters worldwide. Under the leadership of Melanie Bowbell, the Chapter achieved more than 350% membership growth, with 44 new members, 550% financial growth, and 500% growth for new initiatives. With an international membership of over 3,000 and 134 chapters, Melanie Bowbell was awarded the Net Impact Member of the Month for June.
Leadership Alberta Venture magazine honoured 13 young Albertans who will lead us into the future. Tyler Wry, PhD student in Strategic Management and Organization, with a passion for social entrepreneurship, was the perfect choice. A researcher, teacher, and practitioner of social entrepreneurship, Tyler is tradition with a twist. To me leadership is being able to see what needs to be done, then going out and doing it without being constrained by fear, risk, or the resources
Tyler Wry
at hand. Moreover, what needs to be done should be aligned with improving the lot of humanity, not just the leader.
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corporate governance Governance Forums in cooperation with The Edmonton Chapter of the Institute of Corporate Directors (ICD)
The Power of Governance in the Family Firm John Ward, Kellogg School of Management
Increased attention to corporate ethics has also given rise to the overall area of corporate governance, which has been defined as narrowly as a company’s relationship to its shareholders, or more broadly as its relationship to society. Corporate ethics and accountability are huge issues, and our
Canadian Sarbanes-Oxley: What are the Costs?
people and research centres are leading the way once again.
Terry Freeman, Flint Energy Services Michael Welsh, Almasa Capital Mark Huson, Alberta School of Business
Welcome CCGI
Enhancing Board and Director Effectiveness Through Evaluation
Established this year, the Canadian Corporate Governance Institute
Richard Haskayne, TransCanada Corporation
Alberta School of Business, is an instigator and clearinghouse for
Strategic Thinking: the Board’s Role John Ferguson, TransAlta Tom Scott, Alberta School of Business
Corporate Governance: Has it gone mad? Hugh Bolton, Chairman, EPCOR Randall Morck, Alberta School of Business
(CCGI), our 12th applied research centre or institute housed in the research into all aspects of Canadian corporate governance. In addition to focusing on the governance of listed corporations, the Institute also studies the governance of family firms, public sector enterprise, and not-for-profit organizations. The CCGI is associated with the International Institute for Corporate Governance at Yale School of Management, and the Global Corporate Governance Forum with the World Bank. The inaugural event for the CCGI was to hear one of Canada’s most respected and successful leaders, Stephen Jarislowsky, address The Human Factor in Corporate Governance.
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Randall Morck corporate governance: has it gone mad? Randall Morck is the Director of CCGI, and is internationally recognized to be at the very top of whatever research field he pursues. His primary area is corporate finance for which he has an incredible gift of turning the very complex into the comprehensible depending on the venue. Corporate governance is a longtime passion, beginning with his PhD thesis. While on sabbatical this year he was editor for the book: A History of Corporate Governance around the World: Family Business Groups to Professional Managers, to be published by the University of Chicago Press. Randall is also the holder of the Stephen A. Jarislowsky Distinguished Chair in Finance, and a research associate with the National Bureau of Economic Research in Washington DC. While on sabbatical, he returned to his alma mater as the William Lyon Mackenzie-King Visiting Professor of Canadian Studies at Harvard University. Randall Morck
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accountability Karim Jamal do more rules actually make it easier to cheat? Accountability in corporate governance, transparency, and the real economic consequences of accounting rules, is the research area of Karim Jamal. Excellence attracts excellence. Karim is a member of our Accounting Department which continues to be one of the very best in Canada. This year alone, Karim Jamal was named the Chartered Accountants’ Distinguished Chair in Accounting, was honoured by the Alberta Institute of Chartered Accountants with a Distinguished Service Award for service to the accounting profession and the community, and received the McCalla Professorship, a prestigious University-wide research appointment requiring significant community outreach. Karim’s research was also awarded one of the four sizeable SSHRC grants received by the School this year. The focus of the SSHRC grant is on understanding how the specificity of accounting rules affect production/operation decisions of management, extent of fraud, and Karim Jamal
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stock market efficiency.
respect Terry Daniel Some say respect and values begin at home. Brothers Pat and Terry Daniel would agree. Their parents cultivated an atmosphere of open, non-defensive inquiry where ownership of a good idea was far less important than its quality. This attitude has served both well in their
Professor, Alberta School of Business 2005 Unit Team Teaching Award, U of A
professional careers.
2004 Canadian Business citation, Top Canadian professors
Terry Daniel: Most respected in the classroom
2002 Rutherford Teaching Award, Top U of A professors
Terry Daniel is one of the best teachers I’ve ever been exposed to. He said something that really stuck with me – that every interaction you have, is to some extent, a set of negotiations, and you go into most of those interactions knowing what you want to get out of them, but you also want to leave something behind for the other person.
Pat Daniel Chairman, Alberta School of Business Advisory Council President and CEO, Enbridge Inc.
Deb Gordon, ’00 MBA, COO, University of Alberta Hospital
Pat Daniel: Most respected in the boardroom Pat Daniel: Fostering leadership is all about ensuring that people have the right education, experience, values and motivation to lead. We are
Alberta Junior Achievement citation: Alberta Business Hall of Fame, 2005. Alberta Venture magazine citation: Most Respected Corporate Leader, 2004.
very fortunate to have a great educational system in this country so potential leaders come to us with excellent training. The values are often instilled in people well before they enter the workforce, but it is critically important that we reinforce the importance of integrity, honesty and transparency.
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value+ 24
transform Our goal is to transform the lives of our students so that they in turn will transform the business and community they join or create. Our value-added initiatives play an essential role with this transformation. Our integrative model of putting community into our School is working. This includes advisory boards, mentors, guest speakers, executives-in-residence, and Dean’s Forums; having our School reach into the Alberta community through our applied research, career services, executive training, special events, and site-visits; and ensuring our students are immersed in world views through exchange opportunities, study tours, and an international student and faculty body. There is tremendous value in business education and that value will only grow with globalization. At the end of the day, each of us wants our work and our efforts to contribute meaningfully to society.
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campaign Our campaign, Building on Our Strengths: Investing in Our People, is an integral part of the University’s campaign, and both are driven by the belief that dollars placed in improving the quality, and securing the position of learning in our culture, are dollars invested in the future. We publicly launched our fundraising campaign December 1 in Edmonton and December 2 in Calgary. Ours is a $20 million campaign. We have currently raised $13.1 million.
Earned Excellence Best Business Schools in the World Alberta School of Business:
supporting our community linkages
$ 7 million
$ 3 million
Oldest business school in Alberta. Longest accredited business school in Canada.
$ 3 million
investing in our infrastructure and technology platform
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attracting and retaining the next generation of business leaders
$ 7 million attracting and retaining world-class business faculty
Alumni support The MacLean Family – Bob, ’75 BCom and wife Maryanne (’75 BEd) along with son Ryan (’00 BCom) and daughter Michelle (’03 BCom) committed to a very generous long-term partnership benefiting the School and its students.
Corporate support We believe that if Canada is to compete with other countries for talent, investment, and economic growth, we simply must invest in intellectual capital and provide an environment for business to prosper. RBC Financial Group President and CEO Gordon Nixon, after announcing $1.5 million for family enterprise initiatives.
Volunteer support This campaign is about renewal: about investing not in bricks and mortar but in people. Just as business reinvests its profits, with your help, so must this School. Our “profits” are our alumni, our students, and our faculty. Reinvesting in them will allow us to strengthen our balance sheet. Hugh Bolton, Campaign Chair
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centres of impact CABREE Centre for Applied Business Research in Energy and the Environment
ABFI Alberta Business Family Institute Business school alumni Tim Melton and Ralph Young, along with 13
A paper by one of your undergraduate students (Chris Brunton) was brought to my attention through a company that we work with. It is entitled “Exploring the Canadian Geothermal Community.” We were very impressed with the paper and I was wondering if I would be able to make reference to it in our next company newsletter.
members of the Melton family, shared an inspirational presentation on
Ashley Phelan, Enerflo Geothermal Technologies Ltd., Calgary
enterprise from Loyola, Kellogg, Notre Dame and Kennesaw State
CABREE’s activities and community linkages are integral to the success of the Natural Resources and Energy MBA specialization. Upcoming events, research projects and top student papers are posted on its Web site: www.bus.ualberta.ca/cabree.
the history, achievements, and challenges of their 82 year old company Melcor Developments Ltd. The Roadmap course for Entrepreneurial Families was launched in both Calgary and Edmonton. ABFI welcomed four top-tier visiting clinical professors in family Universities as week-long executives-in-residence. 35 families and over 100 family members from across Alberta participated in ABFI programs. The Alberta School of Business is a world leader in family business research. ABFI works closely with its academic counterpart in the School: the Centre for Entrepreneurship and Family Enterprise (CEFE), and the Canadian Association of Family Enterprise.
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community linkages CIRAS Canadian Institute of Retailing and Services The 13th Annual CIRAS Henry Singer Award was awarded to Jim Treliving and George Melville of Boston Pizza, in recognition of their exceptional leadership in the retailing and services sector. CIRAS delivered the only university-level Real Estate Certificate in Alberta to 100 participants.
Executive Education Executive Education quickly developed and delivered a Collective Bargaining seminar that helped improve our group’s understanding and appreciation of the bargaining process. We are very pleased with our results and appreciate using the intellectual and practical resources available from the University of Alberta. Denise Bodnaryk The PEPSI Bottling Group
Activities also support the Retailing and Services Bachelor of Commerce major; the CIRAS summer internship program placed 17 students. 30 industry partnerships. JJ Barnicke is the newest (senior) partner. CIRAS is affiliated with the Retail Council of Canada and the European Institute of Retailing and Services Studies. Work is continuing on the
For both public and privatesector clients, Executive Education designs and delivers customized educational programming to lead change and organizational performance.
Executive Education Southern Alberta office opens in Calgary.
$865,000 SSHRC grant that is studying e-commerce best practices. Partners are participants in this research alliance.
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student clubs Student Clubs > Accounting Club > Alberta Student Association for Social Entrepreneurship
RMBS Rocky Mountain Business Seminar
> Business Beyond Club
Established in 1965 under Dean Hu Harries, the five-day RMBS
> Business Students’ Association
conference is the longest-running and largest student-organized
> Cooperative Education Students’ Association
business conference in Canada. This year marked 40 years for the
> Entrepreneurs Club
conference which carries on the tradition of bringing university
> Human Resource Management Club
students from across Canada together with top business leaders to
> International Association of Students in Economics and Commerce
over 200 attendees enjoyed full days of seminars, keynote addresses,
> Investors Club > MBA Association > Management Information Systems Club > Net Impact > Operations Management Club > Rocky Mountain Business Seminar > University of Alberta Marketing Association > Varsity Consulting Group
discuss relevant business issues. Jasper Park Lodge was the venue as and case competitions, as well as networking opportunities and evening events.
PRIME Makes the Cover Members of PRIME, the Program for Research and Investment Management Excellence, were featured in a front page story in the Edmonton Journal’s Business section on January 26. The Prime Program has 20 third and fourth year business students meeting with business professors and mentors from the business community, then buying and selling stocks on the Toronto Stock Exchange. Our students have built a $750,000 investment portfolio, including $200,000 of retained profits, by beating the stock market for almost five years.
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case competitions George Washington The Alberta School of Business MBA team of Gaylene Cromack, Chad Elliott, Scott Kennedy, Marc Lachance, Christoph Wilser, and supervisor Doug Olsen, took first place in the international competition from among twenty teams of MBA students from six different countries. Asked to come up with a business plan for the Washington Metropolitan Area Transit Authority, the team so impressed the judges that they not only came away with first place, but their business plan was to be implemented. In addition to their first place showing at George Washington University, four other MBA case teams competed: • Concordia University, Montreal – 4th Place • MBA Games, Laval, Quèbec – 2nd Place (Marketing), 4th Place (Strategy)
Undergraduate Competitions This year saw an increase in both funding and student involvement in case competitions. 74 undergraduate students participated in nine competitions, including first time attendance at the Case IT Competition at Simon Fraser University and the Jeux de Commerce at Laval University. At the 2005 International Collegiate Business Competition (ICBC) at Queen’s University, the most prestigious business student competition in Canada, two of our teams advanced to the finals with our students finishing second in Policy.
• Net Impact, New York – 6th Place George Washington
1. University of Alberta
International MBA
2. Baylor University
Case Competition
3. University of Toronto
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connected to Calgary
The following Calgary activities helped us stay better connected to the over 2,000 Alberta School of Business alumni in the area:
Fall • Eric Geddes Breakfast Series initiated, featuring Alberta School of Business Faculty. • 4th Annual EPCOR Distinguished Lecture. • Alberta School of Business fundraising campaign Calgary launch.
Winter • All-day site visit for MBA students in Natural Resources and Energy specialization. • MBA students job recruitment trip to Calgary and Toronto.
EMBA Financial Times 2005 ranking:
• Alberta Family Business Institute launched Roadmap Course for
Joint Alberta School of Business/Calgary Haskayne School of Business EMBA ranked 57th worldwide.
Spring
Entrepreneurial Families.
• CABREE Climate Change Initiative. • Executive Education Southern Alberta office opened. • Executive Breakfast Series launched. • Calgary alumni events at Deerfoot Meadows and Spruce Meadows. Join us.
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business career services The newly branded Business Career Services is a vital link between the School of Business and the business community.
Employment • Posted over 600 jobs by 300 companies. • 90% of BCom, 93%of MBA, and 97% of co-op graduates employed within 3 months after graduation. • 51% of students, who used the job posting Web site, felt it was the most effective vehicle used in their job search.
Co-op • The Co-operative Education Program gives students the opportunity to alternate periods of study with periods of paid employment. • Space for approximately 120 new students per year. • 432 placements – strong support continues. • Summer ’05 highest placement on record at 207. • 51% offered permanent jobs with co-op employers.
Internships • Full-time students in the MBA specializations complete a related four-month work placement between their first and second year. • Two MBA recruitment/placement coordinators are now on board.
Sarah Friedenberg, BCom Co-op Joe Sheldrake, Mentor, GE Commercial Finance
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our alumni The biggest impact of a university is through its graduates and its ability to improve the quality of life for everyone. Our alumni continue to play a major role in their communities and the ongoing success of this School. As we approach our 90th year, we have graduated over 18,000 alumni spread throughout the world. We have alumni branches across Canada, in the US, the UK and Hong Kong. Dean Mike Percy is a favorite guest at branch events, and represented all faculties across campus in November when he spoke to alumni groups in London, England and Edinburgh, Scotland. Our MBA mentorship program, matching alumni with current students, expanded to 75 participants. In the global world of the 21st century, we are all into a lifetime of learning and it doesn’t stop with your degree here today. Ronald Mannix, ’72 BCom Honourary Doctorate of Law University of Alberta Acceptance Speech
Our alumni magazine, Business, was the recipient of the gold medal in the Council for Advancement and Support of Education (CASE) Juried Awards competition. Four Business alumni were celebrated with Alumni Honour Awards during Reunion Weekend to ackowledge the significant contributions made to their community: Donald Archibald, ’82 BCom, Harold Kingston, ’73 BCom, Peter Lau, ’75 BCom, and Peter Read, ’87 MBA. Nine alumni became new members of our Business Advisory Council. (please refer to page 38 for a complete listing).
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business alumni association Board of Directors Clark Barr President, Business Students’ Association Dustin Bateyko, ‘01 BCom JJ Barnicke Edmonton Ross Bradford, ‘79 LLB, ‘85 MBA Alberta School of Business Faculty Representative Aaron Brown, ’97 BCom Manager, Portfolio Analysis Financial Services, University of Alberta BAA Treasurer Elke Christianson Director, External Relations Alberta School of Business Jami Drake Manager, Alumni Programs Alberta School of Business Russ Farmer, ’04 MBA Acton Consulting Ltd. Barton Goth, ’03 MBA Goth & Company Inc. Marc Lachance President, MBA Association
Harvey Lawton, ’73 BCom Aon Reed Stenhouse Inc. BAA Vice President Darryl Lesiuk,’91 BCom BAA Secretary Robert Parks, ’99 MBA Senior Consultant, Management Consulting Services Meyers Norris Penny BAA President Chris Pilger, ’90 BCom Manager, Communications Institute of Chartered Accountants of Alberta Rosa Spadavecchia ’01 MBA Communications Consultant Paul Rechner, ’93 BCom, ’00 MBA Custom House Foreign Currency Exchange BAA Past President Shelley Teasdale, ’01 BCom Alberta Government Services Business Application Support Kurian Tharakan, ’86 BCom PricewaterhouseCoopers LLP U of A Alumni Council Business Representative
BAA Edmonton Chapter The School of Business has one of the most active alumni groups on campus. These dedicated volunteers direct several initiatives each year that benefit the School, our students and the alumni community. BAA Annual Dinner Networking Receptions Business in the Bears’ Den – Golden Bears’ Hockey BAA Annual Luncheon Convocation Breakfast BAA Golf Tournament BAA Scholarships Speaker Series Student Ambassador Program Mentorship Program
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financials source of funds for the reporting period July to June, unaudited
University Funds
July 2003 to June 2004
July 2004 to June 2005
$000
$000
13,792
53%
14,066
49%
Own Source Funds Endowment & Interest Income
3,200
3,270
Professional Development
2,628
2,820
Centres and Conferences
1,384
1,472
Research Grants and Contracts
1,657
1,886
Donations
771
796
MBA Differential Fee, net of central overhead
156
518
Undergraduate Differential Fee
269
474
Cost-Recovery Programs
630
1,088
Government Access Funds
1,406
2,170
Total Own Source Funds
12,101
47%
14,494
51%
25,893
100%
28,560
100%
Total Source Funds
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use of funds for the reporting period July to June, unaudited July 2003 to June 2004
July 2004 to June 2005
$000
$000
Teaching
7,584
30%
8,878
32%
Research
8,540
33%
9,145
33%
Service, Community Relations, Development
1,575
6%
1,925
7%
Professional Development
2,371
9%
2,650
9%
Technology and Infrastructure
1,298
5%
1,080
4%
Operating and Support Services
4,350
17%
4,500
16%
25,718
100%
28,178
100%
Total Use of Funds
Net Unrestricted Reserves
(Note 1)
2,000
2,400
Note 1 Net unrestricted reserve constitutes reserves in endowment funds, donation funds and other internal own source funds which are used to advance specified education, research and service purposes according to the terms and conditions of the source.
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business advisory council Gordon Arnell Chairman Brookfield Properties Corporation Toronto, Ontario Mary Arnold President Richford Holdings Ltd Edmonton, Alberta Hugh Bolton Chairman of the Board EPCOR Utilities Inc Edmonton, Alberta Patrick Daniel President and CEO Enbridge Inc Calgary, Alberta Marc de La Bruyère Managing Director Maclab Enterprises Edmonton, Alberta Jim Dinning Chairman Western Financial Group (WFG) Calgary, Alberta Rosemary Domecki President Domtex Equities Inc. Dallas, Texas Alberta School of Business
Canadian Business Leader 2005 Award
Congratulations, Ross Grieve President and CEO, PCL Construction Group Inc.
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John Ferguson Chairman, Princeton Developments Ltd and Chair of TransAlta Corporation Edmonton, Alberta
Bernard Mah Executive Director, Giordano Group and Senior Vice President Giordano International Ltd Kowloon, Hong Kong
Karl Funke President and CEO Multitest elektronische Systeme GmbH Rosenheim, Germany
Gay Mitchell Executive Vice President Ontario Royal Bank of Canada Toronto, Ontario
Douglas Goss QC Counsel Bryan and Company Edmonton, Alberta
Amit Monga Technology Investment Banking National Bank Financial Toronto, Ontario
Paul Haggis President and CEO Ontario Municipal Employees Retirement System (OMERS) Toronto, Ontario
Randall Morck Stephen A Jarislowsky Distinguished Chair in Finance Alberta School of Business Edmonton, Alberta
Barry James Managing Partner PricewaterhouseCoopers LLP Edmonton, Alberta
Mike Percy Stanley A. Milner Professor and Dean Alberta School of Business Edmonton, Alberta
Hiroshi Kurimoto President Nagoya University of Commerce and Business Administration Nisshin-shi, Aichi, Japan Phil Lachambre Executive Vice President and CFO Syncrude Canada Ltd Fort McMurray, Alberta R. J. (Bob) MacLean President RJM Corp Edmonton, Alberta
Bob Phillips Vancouver, British Columbia Roger Phillips Director of several listed companies Regina, Saskatchewan Larry Pollock President and CEO Canadian Western Bank Edmonton, Alberta Gerry Protti Executive Vice President, Corporate Relations EnCana Corporation Calgary, Alberta
Charlotte Robb President and CEO Dynacare Kasper Medical Laboratories Edmonton, Alberta Indira Samarasekera President & Vice-Chancellor University of Alberta Edmonton, Alberta Bob Sanderman President Oakwood Commercial Ventures, LLC Denver, Colorado Joseph Thompson Chairman PCL Construction Group Inc. Edmonton, Alberta Carter Tseng Founder, Vice Chairman, and CEO E-Tech Inc and Founder and Executive Vice President Microtek Inc Beijing, China, and Taiwan Guy Turcotte President and CEO Western Oil Sands Inc Calgary, Alberta Steven Williams Executive Vice President, Oil Sands Suncor Energy Inc Fort McMurray, Alberta William Winspear Retired Businessman Dallas, Texas Ralph Young President and CEO Melcor Developments Ltd Edmonton, Alberta
design+photography: Creative Services, University of Alberta writer+editor: Monica Wegner printing: McCallum Printing Group Inc
Value learning above all else. Learning is essential, of course, but learning is also fun! Make sure you never forget that. Learning will keep you alive and I am here, at 101, to tell you that learning will keep you young. Harriet Winspear Honourary Alumna Alberta School of Business
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