C E L E B R AT I N G 9 0 Y E A R S
Hu Harries • Our first Dean who introduced student-run rodeos. • Achieved Faculty status in 1960. • Dean, Faculty of Business, 1960 – 1968. • The MBA program began in 1964. • AACSB accreditation was first achieved in 1968.
ANNUAL REVIEW 2005 / 2006
r e p u t a t i o n .. . . . . . . . . . . . . . . . 2 retailing................................................................................................................. 4 family business.................................................................................................... 7 corporate governance......................................................................................... 7 accounting............................................................................................................ 9 programs............................................................................................................. 10 alumni................................................................................................................. 13
o p p o r t u n i t y .. . . . . . . . . . . . 1 4 energy.................................................................................................................. 16 China................................................................................................................... 18 lifelong learning................................................................................................. 19 executives in residence.................................................................................... 20 investing in people............................................................................................ 21 jobs to experience............................................................................................. 22 a case for competition...................................................................................... 23
innovation.............. 24 entrepreneurship............................................................................................... 26 centres of innovation........................................................................................ 28 social entrepreneurship.................................................................................... 29 spirit and dedication......................................................................................... 30 technology transfer .......................................................................................... 31 strategic partnerships....................................................................................... 32 celebrating leadership...................................................................................... 33
reputation T he U niversity o f A lberta was established in 1908 with a prairie vision and the insight to foresee a world-class University on an isolated prairie with a sparse population. The University of Alberta School of Business began in 1916 “The Alberta School of Business is an exciting place to be right now. We continue to attract spirited and gifted students in a competitive marketplace. We’ve been able to recruit energetic and talented new faculty who excel at both
with six students. Today, 90 years later, almost 20,000 students have passed through our doors.
research and teaching. And we have exceptional mentors in our alumni and senior faculty as well as an incredibly supportive business community.”
Our students and alumni remain the greatest testament to
Mike Percy, Stanley A Milner Professor and Dean
the enduring reputation of the Alberta School of Business.
Alberta School of Business
The Alberta School of Business remains undisputedly one of the best business schools in Canada. In 2006, the School was again accredited by the premier international crediting body, which is the Association to Advance Collegiate Schools of Business (AACSB). First accredited in 1968 we remain the longest continually accredited business school in Canada. The Alberta School of Business has also received more 3M Teaching Awards – Canada’s top award for undergraduate teaching excellence – than any other business school in Canada. In the 2006 Financial Times of London rankings of global business schools, our MBA program is in the top 100. In research,
top 25 publicly funded business schools globally. We also rank in the top seven globally in economics making us the only Canada business school to place in any of the “top ten” categories identified by the Financial Times. To build on our increasing capacity in applied retailing research and program delivery, the Alberta School of Business is pleased to announce the establishment of the Alberta School of Retailing. The Alberta School of Business is also excited to be opening an office in Shenzhen, China. The Alberta School of Business – a reputation well earned, highly acknowledged, and growing.
retailing
we rank in the top 50 globally, which means that we are among the
Playing a key role in advancing the School’s reputation as the national leader in retailing research and education is faculty member Jennifer Argo.
Retailing Jennifer is at the forefront of a new research area, redirecting the field of consumer behaviour towards understanding social influence and the impact of touch – no consumer is an island. In only her third year with the School, Jennifer has had four papers published in the Financial Times top journals. Jennifer joins an impressive array of award winning colleagues. Lead by Paul Messinger, work is continuing on one of the largest research grants ever received by the University of Alberta; $865,000 to study the Web interaction cycle for Canadian competitiveness.
“The Alberta School of Business is an exciting place to be right now. We continue to attract spirited and gifted students in a competitive marketplace.
The School’s research in retailing is complemented by the Canadian In-
We’ve been able to recruit energetic and talented new faculty who excel at both
stitute of Retailing and Services (CIRAS). Established in 1992, CIRAS has
research and teaching. And we have exceptional mentors in our alumni and
33 industry partners, offers a retailing certificate program, supports the
senior faculty as well as an incredibly supportive business community.”
Bachelor of Commerce Major in Retailing and Services, and has awarded the annual CIRAS Henry Singer Award to 14 outstanding leaders in
Mike Percy, Stanley A Milner Professor and Dean Alberta School of Business
the retailing and services sectors. The 2005 recipient was Robert Dutton, President, Rona Inc.
retailing
Jennifer Argo
“I believe people need four key qualities to succeed in research. You need to have a clear focus, be extremely nosey, a little obsessive, and lucky in the company you keep. The collegial atmosphere at the School has been an important element to my research as well an incredible sequence of Deans who understand that teaching has to be influenced by research.” Royston Greenwood, TELUS Chair in Strategic Management 2006 recipient: J Gordin Kaplin Award for Excellence in Research
2006 SSHRC Research Grants
Highest Honours
School of Business Success Rate: 86% University of Alberta Success Rate: 53% The effects of economic structure, regional culture,
Our global reputation for research that is rigorous, recognized, and
and the media on organization legitimacy and
relevant is the ongoing passion of Associate Dean Research Royston
reputation.
Greenwood. Our research ranking of 25th globally among public
David Deephouse
business schools is a testament to his leadership and performance alike.
Design of consumer product concept testing. Adam Finn
Rewarding a remarkable career spanning over 40 years, Royston was honoured in 2006 with the University of Alberta’s most prestigious
A field perspective on nanotechnology path creation.
research prize – The J Gordin Kaplin Award for Excellence in Research
Michael Lounsbury and Royston Greenwood
– for his impressive contributions to the research field of professional service firms.
Practitioner exchanges on e-retailing and the web-interaction cycle. Paul Messinger
In honour of achieving outstanding distinction in each of the areas of research, teaching, and service to the community at large, Randall Morck was awarded the prestigious “University Professor” designation
Bidding wars and irrational bidding behaviour in auctions. Peter Popkowski and Gerald Hauebl
by the University of Alberta, one of the highest
Does money grow on fees? The case of
honours a University can bestow.
credit card penalty fees. Barry Scholnick and Nadia Massoud
Randall Morck, Stephen A Jarislowsky Distinguished Chair in Finance
2006 recipient: University Professor
Convertible debt Heather Wier and Tom Scott
Family Business Ten years ago, the Alberta School of Business made a strategic decision to focus on Family Business and to develop this area as one of our key differentiators from other business schools in Canada. New for the fall of 2006 is a major for Bachelor of Commerce students in Entrepreneurship and Family Enterprise, the first of its kind in Canada and unique to the world. This initiative complements the teaching, research, and service activities of the School’s Centre for Entrepreneurship and Family Enterprise (CEFE) and the Alberta Business Family Institute. Lloyd Steier is the Director of CEFE; Jennifer Jennings has played a key role in developing the Bachelor of Commerce major.
Corporate Governance The Family Business focus also builds on our foundation of excellence in Corporate Finance and Governance lead by Mark Huson, Vikas Mehrotra, and Randall Morck. The School has incredible depth across all major disciplines and intriguing interdisciplinary work is the beneficiary. Corporate Governance Around the World – Family Business Groups to Professional Business Managers was edited by Randall Morck and is now available from the University of Chicago Press. Randall is the director of our Canadian Corporate Governance Institute, a research associate with the National Bureau of Economic Research, consultant to World Bank projects, and frequent guest lecturer at his alma mater, Harvard.
Jennifer Jennings and Lloyd Steier
We are particularly proud that the AACSB review committee found us to have a climate of collaboration, a sense of community, a place where people are happy to try and exceed expectations. Forbes Magazine has described AACSB International accreditation as the “gold standard of business school accreditations.”
2006 Accreditation The Alberta School of Business was first accredited by the AACSB International – the Association to Advance Collegiate Schools of Business – in 1968. In 2006, we were reaccredited by the premier international crediting body, also celebrating 90 years, and we remain the longest accredited business school in Canada. Their report was extremely positive and recommended without hesitation the continued
TOP 100: Seven Canadian schools placed in the top 100 globally for MBA programs with only two western universities, UBC and Alberta, qualifying.
TOP 75: Our doctoral program finished 70th in the world. For the second consecutive year, the joint Alberta/Haskayne Executive MBA program was ranked among the top 75.
accreditation of our undergraduate, masters, and doctoral
TOP 50:
programs in business for another five-year period. Among the
Our MBA program ranked in the top 50 for “value for
key findings:
money.”
•
We have a clear strategic focus and broad support for our strategy.
•
We have clear policies for evaluating teaching and research outcomes that are consistently implemented and
• •
2006 Global Rankings: Financial Times of London
TOP 25: In research, we ranked in the top 50 which means that we are among the top 25 publicly-funded business schools globally.
fully understood.
TOP 10:
We have been successful in both recruiting high-
Based on alumni interviews, the Alberta School of Business
performing faculty and in retaining them.
ranked seventh globally in “best in economics” making us
And we have a strong reputation within our alumni and
the only Canadian business school to rank in any of the “top
business communities.
ten” categories identified by the Financial Times.
Accounting Excellence The Alberta School of Business began in 1916 as a School of Accountancy. Accounting excellence is a long-standing tradition. Links with the Chartered Accountants of Alberta were documented in 1935. An accounting major remains the number one choice of undergraduate majors and is growing in demand once again. Led for many years by Mike Gibbins, Winspear Foundation Distinguished Chair in Professional Accounting, the department has a sustained record of influential research. Mike is a recipient of the Financial Post Leader in Management Education award. He is also the director of our newly-created Centre for Enhanced Corporate Reporting, established jointly with the Canadian Institute of Chartered Accountants, Karim Jamal’s work on fraud continues to generate world wide attention. Karim is the School’s Chartered Accountant’s Distinguished Chair in Accounting. His most recent research continues to support his findings that “the worst financial reporting occurs when the accounting rules are specific and the auditor interprets the rules strictly.” This combination of rules and enforcement is what the regulators are currently promoting. Heather Wier’s works on pension plans and pension accounting were the topic most covered by media according to the Cormex research measurements. Heather also received one of seven 2006 SSHRC grants. As the recipient of the 2006 Donald and Margaret Mackenzie Teaching Award, Heather is a wonderful example of how excellence in research and teaching unite.
Heather Wier and Mike Gibbins
BCom 2006 Applications Registered Jayme McColl, BCom student Recipient, National Future Funds Scholarship, Toronto, 2006
Enroled Students
1767 681 1986
Graduates
567
3-month placement
92%
Alberta BCom The Alberta BCom emphasized connections and community
divided into groups of 70 and remained together for all six
in its messaging this year. Being connected to the students
required first-year courses.
is a priority for Dean Mike Percy who teaches all first-year Business students their introductory business course. New
The University of Alberta provides an extended community
this year is a business plan competition with prizes to be
offering a wide range of electives, networking, and applied
shared of $5,000 for first, second, and third place finishers.
research opportunities. The Alberta School of Business itself offers 18 majors of study, including its newest major available in
Helping stay connected to Dean Percy, himself an avid Blackberry user, is also a side benefit to the pilot program with Research in Motion and TELUS, the first of its kind in Canada. Bachelor of Commerce students in Management Information
2006: Entrepreneurship and Family Enterprise. Connections to the business community are integral to the Bachelor of Commerce Cooperative Education degree, the 20 student clubs housed within the School, and opportunities to compete in national case competitions. Students competed for the first time in 2006 in the Jeux de Commerce West competition winning gold in debate and tax.
Systems were equipped with Blackberries though the term
Opportunities to connect to the global community include
and applications were incorporated into the course work.
international courses and electives, four related majors, exchanges abroad, and the international composition and
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Being connected to each other is also behind the very
experience of their classmates, instructors, and assignments.
successful cohort model. First-year students were again
Scholarships help ensure the best students are able to choose us.
MBA 2006
Doug Olsen, ’88 MBA, ’92 PhD Associate Dean, Alberta MBA
Applications
281
Admissions
94
Enroled Students
INNOVATE ACCELERATE TRANSFORM
291
Graduates 3-month placement
92 93%
Alberta MBA The MBA Program was established in 1964; the first
program with programming in communications, business
graduating class celebrated their 40th anniversary in 2006.
ethics and corporate social responsibility, and career
For over 40 years the Alberta MBA program has offered innovative programming, accelerated careers, and changed lives. These three key words – innovate – accelerate – transform – now define the Alberta MBA.
development. A second MBA placement officer was hired to
Specializations
assist students with placement opportunities.
International Business
The first ever Alberta School of Business MBA study tour of China was hailed a resounding success. The EMBA students completed a study tour to Eastern Europe.
Leisure and Sports Management Natural Resources and Energy Technology Commercialization Public Management
Alberta MBA students continued their success at the MBA Games, the largest gathering of MBA students in Canada hosted by the University of Windsor. The 40-member team,
Joint degrees:
The Alberta MBA is one of the top 100 full-time MBA
the only team from western Canada, captured silver in the
MBA/Master of Agriculture
programs in the world according to the prestigious Financial
overall competition made up of academic, athletic, and spirit
MBA/Master of Engineering
Times of London 2006 rankings. The EMBA program, a
categories. The University of Alberta was awarded the 2007
MBA/Master of Forestry
partnership with the Haskayne School of Business at the
MBA Games to be held in Edmonton in early January.
MBA/LLB
University of Calgary, achieved an overall ranking of 65. The Alberta MBA includes full-time, part-time, and executive A significantly enhanced curriculum was approved.
programming. Overall applications increased 25% with an
Continuing to develop students with very high quantitative
increase in years of work experience. The part-time MBA
and analytical skills was reinforced as was augmenting the
enrolment is the highest since 1995.
www.MBA.net 11
PhD 2006 Applications
Bing Xiang, ’91 PhD
276
Offers
16
New Students
10
Enroled Students
69
Comprehensive Exams
10
Candidacy Exams
9
Defended
8
Convocated
4
Alberta PhD Established in 1982, the Doctor of Philosophy program began
While research is the primary focus of a PhD program, in
to accept students in 1984 and graduated its first three in
recent years, North American schools have paid increasing
1989.
attention to teaching ability. Alberta PhD students are requested to complete the Business Teaching Program, which
Ranked 70th in the world according to the Financial Times of London 2006 rankings, the Alberta PhD program has now produced 87 graduates and is one of the largest sources for business faculty in Canada. Key success factors include high admission standards as well as active faculty involvement and support including financial assistance through research grants and scholarships, conference travel opportunities, language tutoring, a summer research requirement, and an enhanced teaching program.
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offers teaching modules, supervised training sessions, a teaching mentor, and University teaching services courses. Fifteen percent of this year’s class produced publications while in the program and 57% of students had their papers accepted for conference presentations. Alumnus Bing Xiang, ’91 PhD, returned to visit his alma mater this summer to help celebrate the retirement of International Business professor and long-time China Project Director Rolf Mirus. Bing is the founding Dean of China’s first independent graduate business school in China, Cheungkong Graduate School of Business (CKGSB).
2006 Distinguished Alumni Award Business Advisory Council member Bill Winspear, ’54 BCom, was honoured with the Distinguished Alumni Award, the Alumni Association’s most prestigious award recognizing living University of Alberta graduates whose truly outstanding achievements have earned them national or international prominence.
Alberta Alumni Our 20,000 business alumni have careers which have
New alumni joining the Business Advisory Council include ’85
spanned decades, continents, and industries. They remain
MBA Judith Athaide and ’93 BCom Court Carruthers.
linked by their Alberta School of Business experience which we hope will be an ongoing one.
2006 also marks the 40-year anniversary of the first ever graduating class of MBA students in 1966. Among them are
For our new incoming President of the Business Alumni
Jack Ondrack, Fred Keen and Roger Wolff.
Association, Harvey Lawton, ’73 BCom, it is very much a family affair. His son Michael, ’00 BCom, daughter Crystal, ’04
Celebrating the 50-year anniversary of their Bachelor of
BCom, brother Wayne, ’72 BCom, ’74 MBA, and niece Cheryl,
Commerce degree, 70% of the Class of 1956 attended
’01 BCom, are all Bachelor of Commerce graduates, and all
Reunion 2006 festivities to mark this special milestone.
work in the financial services field. Six Business alumni received Alumni Recognition Awards
Our new incoming chairman of our Business Advisory Council, Guy Turcotte, ’76 MBA, celebrated his 30-year anniversary this year. Guy is Chairman, Western Oil Sands Inc.
during the 2006 University of Alberta’s Reunion Weekend to acknowledge the significant contributions made to their community. They include Pernille Ironside, ’95 BCom, Alumni Horizon Award; Ross Walker, ’56 BCom; Allen Hagerman ’73 BCom; Loraine Altenweg, ’75 BCom; and Ivor Ruste, ’77 BCom, Alumni Honour Awards.
Guy Turcotte, ’76 MBA
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opportunity A lberta is certainly o ne o f the best plac E S to have a business school. Located in North America’s most vibrant corridor, our economy is full of opportunities, booming, diverse, and evolving. Our students are smart, hardworking, and willing to take a risk. Our community is supportive, demanding, and fundamental to “The Alberta MBA program equipped me with the insight to recognize an opportunity, and the skills and courage to manage it.”
our continuing success. Amazing opportunities – to explore, learn, network, invest,
Guy Turcotte ’76 MBA Chairman, Western Oil Sands Inc. Chairman, Business Advisory Council, Alberta School of Business
experience, compete – this is what we offer.
province and has been a prime source of providing human capital for 90 years. Regardless of where they came from, 80% of nearly 20,000 alumni have stayed in Alberta and have lead, shaped, and transformed our communities. In recognition of the strength of the Alberta economy, the number and impact of our graduates throughout our province over 90 years, and the tradition of the University of Alberta fast approaching 100 years, we feel great pride in referring to ourselves as the Alberta School of Business. Our five MBA niche specializations, 17 BCom majors, and 13 relevant applied research centres also complement the Alberta advantage. Providing the very best opportunities to our students, to allow them to get the careers they want, is our priority as is providing opportunities for our alumni and business community to be involved to ensure our graduates are the best that they can be. We are all in this together. Our collective experience is what accelerates learning both as students and as citizens.
energy
The Alberta School of Business is an integral part of the fabric of the
Our MBA specialization in natural resources and energy is offered in Edmonton, the heart of Canada’s energy province. It is also offered in Fort McMurray, the heart of the world’s largest energy reserves.
Energy Joseph Doucet, Enbridge Professor of Energy Policy, oversees the Natural Resources and Energy specialization (NRE) and is also the Director of the complementary Centre for Applied Business Research in Energy and the Environment (CABREE). CABREE is dedicated to fueling publicpolicy debate in areas of energy markets, electricity restructuring, and climate change issues. The 2005 EPCOR Distinguished Lecture featured Mark Jaccard, who was the recipient of the Donner Prize for best public policy book in Canada titled Sustainable Fossil Fuels. Both CABREE and the NRE are fully integrated with each other as well as with industry, incorporating relevant work experience, applied research
“The Alberta MBA program equipped me with the insight to recognize an opportunity, and the skills and courage to manage it.”
opportunities, international field trips, and frequent interaction with leaders in the natural resources and energy sector. Student research appeared in both Alberta Venture and Alberta Oil publications.
Guy Turcotte ’76 MBA Chairman, Western Oil Sands Inc.
Student demand, graduate placement, and industry support continues
Chairman, Business Advisory Council, Alberta School of Business
to grow internationally in scope.
energy Joseph Doucet
China 2006 Alberta School of Business opens office in Shenzhen. First ever MBA study tour of China. Four MBA internships at CSR Zhuzhou Electric Locomotive Company 2006 MBA Study Tour to China
Rolf Mirus International Business Scholarship established.
China: Endless Opportunity International opportunities are essential for our students given
The office will also serve as a base for our education training
the global economy our students will enter. No economy may
programs in China, a communication centre for Chinese partners,
be more important to experience than China’s. The Alberta
and provide key support for our international business initiatives.
School of Business has been active in China since 1983, beginning with a development project that has spanned over 20 years with Xi’an Jiaotong University. This academic
Exchange Opportunities
partnership grew into positioning the school as one of North America’s leaders in the training of top executives and senior
In 2005-2006, 52 Alberta business students participated in
government officials.
exchange program opportunities; 68 international business students were hosted.
The Alberta School of Business will be opening an office in Shenzhen, which is the second largest financial centre in China.
A student international exchange club has been formed to further enhance the global atmosphere of the
The office will be housed in the Shenzhen High-tech Industrial Park, home to the Shenzhen Virtual University Park, where we will be joining a cluster of the world’s leading universities.
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School. Alberta MBA internships: Zhuzhou, China
Lifelong Learning Providing lifelong learning opportunities for our alumni, public sector, and business communities is the focus of our re-named Executive Education and Lifelong Learning (EELL) Program and Assistant Dean Carolyn Campbell. What started over 19 years ago with the development and offering of a single program, the Senior Executive Management Development Program, has today evolved into a suite of offerings for all levels of the public and private sector. In 2005-2006, 14 certificate programs and professional development sessions were offered, numbering over 2500 annual participants. EELL also offers industryspecific solutions, and 2006 will see the initial offering of programming developed specifically for the energy sector. EELL operates out of both Edmonton and Calgary and serves the Alberta and Canadian marketplace. Their home base will soon be the historic Bay Building in Edmonton, recently purchased by the U of A for a downtown presence.
Alberta Business Family Institute Joining EELL in the Bay Building will be the School’s Alberta Business Family Institute (ABFI) directed by Steven Dyck. The inspiration of ABFI evolved when a group of Alberta business families discussed the need to offer research-based educational programs and resources to assist business families throughout Canada.
Carolyn Campbell and Steven Dyck
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CGA Alberta MBA Forums We are pleased to announce that upcoming Forums will now be known as the CGA Alberta MBA Forums.
Court Carruthers
Derek Oland
Roger Phillips
Executives in Residence Providing our students with access to business leaders is well established at the Alberta School of Business School. Students
MBA Forums 2005/2006
are generously sponsored to attend our annual Canadian Business Leader Award dinner, mentors are an integral part
Court Carruthers, VP National Accounts and Sales,
of the Bachelor of Commerce Cooperative Education Program
Acklands Grainger Inc.
and the Alumni/MBA Mentorship Program, and the business
Jim Carter, President and CEO, Syncrude Canada Ltd
community certainly supports our student clubs.
Edmund Chu, Licensed FIFA Player’s Agent and President, Ramp Management Group
Our IPSCO Executive Office suite is a busy one. Executives in Residence are an integral component to incorporate realworld experience into the classroom. Our long-running MBA
Robert Moore, CEO, CalVenture Tech Derek Oland, Chairman and CEO, Moosehead Breweries
Forums continue to be highly anticipated by the students.
Jim Pattison, Chairman, CEO, and Sole-Owner,
The opportunity to interact more closely and informally with
The Jim Pattison Group
our guests over a catered lunch or dinner is very much appreciated.
Roger Phillips, Former CEO, IPSCO Inc Robert Rowland, Chairman, Global Links Initiative
Formerly named Dean’s Forums, the re-naming to MBA
Rod Ruston, President and CEO,
Forums is indicative of the ownership of the forums being
North American Construction Group
handed over to the students.
Brent Shervey, Managing Director, Boyden Global Executive Search
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2005 Scholarships Undergraduate
462
Value
$560,504
Graduate:
41
Value
$118,500
New Scholarships Established:
Building on Our Strengths: Investing in Our People
9
A Personal Investment Campaign 2008 Progress 20
On November 2, 2004, the Alberta School of Business, in conjunction with the University’s Campaign 2008, launched the largest fundraising campaign in its history. Ours is a $20 in millions
million campaign. We have currently raised $15.7 million
15
reaching 78.5% of our goal. During the past 12 months, $2.747 million was raised towards “Building on Our Strengths: Investing in Our People”.
10
The Alberta School of Business is fortunate to receive gifts from alumni here at home and from all around the world. Methods of giving are as varied as our alumni but include the 5
following main categories:
Alberta School of Business Dean Mike Percy and Trevor Nickel, ’06 MBA • Tye Graduate Scholarship in Corporate Governance • Tye Graduate Scholarship in Economics
0
2000
Funds Raised
2006
Face to face
• Paul Wacko MBA Award in Natural
Direct mail appeal
Resources and Energy
Calling program Online giving US Foundation 21
2006 Mentor of the Year Katherine Heron of EnCana, with co-op student Jennifer Tran.
Jobs to Experience
Business Career Services Jobs Posted
2006
2005
1095
860
487
390
BCom average salary
$41,659
$ 36,600
MBA average salary
$64,790
$60,612
BCom 3-month placement
92%
90%
MBA 3-month placement
93%
90%
The Bachelor of Commerce Cooperative Education Program began in 1992 giving students the opportunity to alternate periods of study with periods of paid employment.
The summer of 2006 recorded the highest number of placements ever (215), the highest number of job postings (489), and an employment rate of 98%.
Number of Companies Posting
The Business Co-op Program has been involved with St. James’ Place
Cooperative Education Program
Partnership in London, England, for six years with 28 students working
Jobs Posted
489
396
Placements
215
207
Employment rate
98%
98%
the business community and the School in providing employment
Applicants
192
184
opportunities to all students within the school. The office also serves all
Admissions
163
152
for eight months in the heart of London’s financial district. In 2005/06, six students were on placement at the same time.
2006
2005
Our Business Career Services office provides a vital link between
current students and alumni with on-line job postings.
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George Washington Case Competition
JDC West Competition
A Case for Competition The Alberta School of Business invests heavily in promoting
Columbia Retreading Plant Location.” This is the third straight
a sense of ownership of the program through the support
year we have won first prize.
of student clubs and participation in case competitions and conferences. Both our MBA and undergraduate student teams did extremely well at national competitions this year.
MBA Games
2006 MBA Games 1.
Universite Laval
2.
University of Alberta School of Business
3.
Schulich School of Business, York University
Alberta MBA students continued their success at the MBA Games, the largest gathering of MBA students in Canada
Tax and Debate
hosted by the University of Windsor. The 40-member team,
At the JDC West competition in Vancouver, 440 of the
the only team from western Canada, captured silver in the
country’s top undergraduate business students competed
overall competition made up of academic, athletic, and spirit
in case competitions, soccer, and debate. Team highlights
categories.
4.
Ivey School of Business, University of Western Ontario
The University of Alberta School of Business has been awarded the 2007 MBA Games to be held in Edmonton in early January.
5.
Rotman School of Management, University of Toronto
included first-place finishes in tax and debate.
Operations Research At the Canadian Operational Research Society (CORS) student paper competition, first prize was awarded to David Mann, Anh Nguyan, and Sean O’Donnell, for “Fountain Tire: British
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innovation CREATIVE AND CRITICAL THINKING are core values of the Alberta School of Business and can be found in our research, in our applied research centres, and in our classrooms. The Alberta School of Business has established a global reputation for supporting and investing in research.
“The Ability to Dream. There is a focus here on encouraging an entrepreneurial attitude and fostering visions conducive to personal and corporate innovation and transformation.�
Our recognized excellence in teaching has also been enhanced by state-of-the-art technology-assisted teaching and learning. This reputation has attracted world-class scholars
Doug Olsen, Associate Dean, MBA Program, Alberta School of Business
and students, who generate innovative ideas and solutions.
entrepreneurs and managers to create and grow high technology businesses and facilitate technology-driven economic growth. Our Alberta BCom specializations include majors in entrepreneurship and small business and entrepreneurship and family enterprise. Our students are well prepared to strengthen Canada’s most entrepreneurial province and venture and succeed in any market they choose to pursue. The passion of our students and their entrepreneurial nature will continue to ignite our economy. The entrepreneurial spirit is very much alive in our history, in the School, in our students, and alumni. We strive to ensure our students not only understand the need to be resilient, innovative and entrepreneurial, but that they also embrace the importance of possessing an ethical compass and giving back to the community. The spirit of a place allows innovation to occur, opportunities to unfold, and a reputation to flourish. The spirit of our people – students, staff, alumni, and community – is why the Alberta School of Business continues to thrive. The return on investment of spirit is immeasurable.
entrepreneurship
The Alberta MBA in Technology Commercialization prepares skilled
“The Ability to Dream. There is a focus here on encouraging an entrepreneurial attitude and fostering visions conducive to personal and corporate innovation and transformation”. Doug Olsen, Associate Dean, MBA, Alberta School of Business
An innovative appointment to lead the School’s technology entrepreneurship area, and to help bridge the gap between science and business, is great news for the School, the University, and the community.
Entrepreneurship Michael Lounsbury joined the Alberta School of Business from Cornell University, holding a joint appointment with the Alberta School of Business and the National Institute of Nanotechnology (NINT), a partnership between the National Research Council and the University of Alberta. Michael has a unique opportunity to be a leader in developing the city’s technology commercialization infrastructure. In addition to being the School’s liaison with new emerging technologies, NINT, and Tec Edmonton, a joint venture of the University of Alberta and the Economic De-
“The Ability to Dream. There is a focus here on encouraging an
velopment Edmonton, Michael is the champion of the MBA’s technology commercialization specialization.
entrepreneurial attitude and fostering visions conducive to personal and corporate innovation and transformation.”
In his first year with the university, Michael is the recipient of the PetroCanada Young Innovator Award. The Petro-Canada awards program rec-
Doug Olsen, Associate Dean, MBA Program, Alberta School of Business
ognizes and supports the work of outstanding young faculty researchers at Canadian universities. Michael’s research includes looking for ways to use the emerging science of nanotechnology in the oil and gas industry.
entrepreneurship
Michael Lounsbury
“One of the most significant findings is the much higher level of entrepreneurial activity in the West compared with the rest of Canada. We need to understand more about entrepreneurship in the region and its potential for contributing to the longer term diversified development of the West.” Ted Chambers, Western Centre for Economic Research
Centres of Innovation
New Student Business Plan Competition Our Centre for Entrepreneurship and Family Enterprise
The Alberta School of Business houses 13 incubators of
has launched a new province-wide business plan
innovative programs and partnerships with community.
competition to encourage entrepreneurship among post-secondary students in Northern Alberta. Building
Alberta Business Family Institute (ABFI)
on the success of VenturePrize, a joint venture of the
Centre for Applied Business Research in Energy and the Environment (CABREE)
University of Alberta and Economic Development
Centre for Enhanced Corporate Reporting (CECR)
its kind in Canada with three distinct categories.
Canadian Centre for Social Entrepreneurship (CCSE)
Technology:
Canadian Corporate Governance Institute (CCGI)
The commercial application of new scientific
Canadian Institute of Retailing and Services (CIRAS)
knowledge or radical innovation.
Centre for Entrepreneurship and Family Enterprise (CEFE)
Family Enterprise:
Centre for Excellence in Operations (CEO)
Multi-generational and/or sibling enterprises using
Centre for International Business Studies (CIBS)
existing family resources to start a new business
Centre for Professional Service Firm Management (CPSFM)
significantly expand the enterprise’s core business into
Cultural Industries Research Centre (CIRC) Health Organization Studies (HOS) Western Centre for Economic Research (WCER) 28
Edmonton, the initiative is the largest competition of
new products, new markets, and spin-off companies. Open-Innovation: Creative mobilization of resources with high potential to be a successful new venture.
Social Entrepreneurship Our Canadian Centre for Social Entrepreneurship (CCSE) is unique in Canada in its mission to work with all three sectors – voluntary, government, and business – to build the foundations necessary to encourage entrepreneurial approaches to social innovation. CCSE also supports our students through research opportunities, conference support, and club activities. “Social Entrepreneurship strives to combine the heart of business through the creativity of the individual”, says Gary McPherson, CCSE’s Executive Director.
Net Impact Net Impact is a network of over 7,000 MBAs, graduate students, and professionals committed to using the power of business to improve the world. With more than 120 student and professional chapters on 4 continents in 75 cities and 80 graduate schools, Net Impact is one of the most innovative and influential networks in existence. With the support of CCSE, members of the Alberta chapter attended the 2005 Net Impact Conference hosted by Stanford University. Our students returned even more committed after hearing keynote speaker Al Gore.
Enterprise on Fire Formerly known as the Alberta Students’ Association for Social Entrepreneurship, the new name of the undergraduate club evokes new passion and programs. PhD student Tyler Wry, a researcher, teacher, and practitioner of social entrepreneurship, is also an advisor to the club, and a SSHRC fellowship holder.
Gary McPherson and Tyler Wry
29
Habitat for Humanity
Celebrating 90 Years: 2007 Desk Calendar
Spirit and Dedication The passion of our students, alumni, faculty, and friends will
’04 BCom, and Cory Wagner, ’02 BCom, Investopedia Inc.;
continue to ignite our economy. The entrepreneurial spirit
Judson Macor (’97 MBA), AirSprint; and Chris Vilcsak, ’97
is very much alive at the School of Business with over 20
MBA, Solution 105 Consulting Ltd.; who credits his Alberta
student clubs to choose from. Our umbrella undergraduate
MBA with “sparking his entrepreneurial fires.”
organization, the Business Students’ Association celebrated its 40 year anniversary in 2006. Our accounting club once again offered free accounting to help those in need. Business students Frank Callele and Clark Barr went “homeless” for five straight days, sleeping outside the Business Building in March, in an effort to raise awareness and funds for the Youth Emergency Shelter. Joining them for two of the nights was Accounting professor Sandy Hilton. Bachelor of Commerce co-op students also participated in a full-day Habitat for Humanity project.
Faculty and Friends: The Alberta School of Business is now home to Bill Preshing’s four annual “Fun Runs” in support of student scholarships, including our very own non-academic support staff scholarship. The scholarship, the only such one on campus, was initiated in 1998 by dedicated and long term staff members Susan Robertson, our Manager of Special Events and Donor Relations, and Keltie Tolmie, Department Administrator, Finance and Management Science. “Dr. Bill”, Professor Emeritus, Alberta School of Business,
30
Fueling the Fire:
has also been commissioned to capture the journey of our
Among the finalists for the respected 2006 Ernst and Young
90 years. A 2007 desk calendar has been prepared in honor
Entrepreneur of the Year Awards are several alumni: Tim
of his dedication and spirit and provides a sampling of what
Melton, ’69 BCom, Melcor Developments Ltd.; Cory Janssen
is to come.
“Three years ago, electronic usage at the school was very small. Now, we are talking about things like podcasting lectures, collaborating on a project anywhere, anytime, and making education a commodity that never sleeps.” Michael Getz, Director of Learning and Communications Technology
Our Google rank is now second across Canada when using the search term “School
Technology Transfer
of Business” and fourth place using the search term “Business School” out of 1.3 billion competing Web sites referencing these same search terms.
The Alberta School of Business has transformed itself into a recognized national leader and innovator in the areas of technology-assisted teaching, research, and learning including the introduction of a wireless network and fully loaded “smart” classrooms. The Business School is now the first faculty on campus to implement Blackboard as the platform used for course management and online learning. Its flexibility and customization opportunities have been welcomed by students and professors alike. This spring, the School hosted a national Blackboard Conference
Blackberries in class: Management Information Systems
simultaneously with Toronto’s Seneca College, providing opportunities for academic institutions using the product to share ideas and talk about other future developments in technology for the education sector.
31
“Petro-Canada’s support is extremely important in terms of signaling the partnership that exists between Petro-Canada and the university but also the nature of the modern university, which is based on relationships. Michael Lounsbury, the recipient of the Petro-Canada Young Innovator Award, has a joint appointment between the National Institute of Nanotechnology and the School of Business, supported by Petro-Canada’s partnership with the U of A. In that sense, I think it’s a reflection of how education is proceeding, which is based on partnerships and mutual recognition.” Mike Percy, Stanley A Milner Professor and Dean, Alberta School of Business, March 2006.
Strategic Partnerships Innovative partnerships allow us to take our teaching, research, and programming to another level and areas of excellence to emerge.
32
Retailing:
Energy:
Entrepreneurship:
“The creation of the School of Retailing
“Enbridge’s success is a reflection of
“We are proud to be recognized
at the University of Alberta is exciting
our people, 225 of whom are University
internationally for our leadership in
news for the entire retail sector in
of Alberta graduates. Our continued
offering research-based and practical
Canada. The Alberta School of Business
investment in the Centre for Applied
educational programs to assist business
continues to show leadership in
Business Research in Energy and the
families. RBC Financial Group’s
responding to the needs of the business
Environment makes perfect sense as its
contribution of $1.5 million towards our
community in Alberta and across
applied research touches every part of
Family Enterprise Initiative has allowed
Canada and the creation of a retail
the energy field and helps Enbridge with
us to expand our efforts in being a global
school is a reflection of its innovative
their own mandate to share information
leader in the field of family business and
and forward thinking approach to the
and to consult and cooperate with
entrepreneurship. This would not have
development of future leaders and
stakeholders to reach mutually beneficial
been possible were it not for the vision
entrepreneurs.”
solutions.”
and generosity of RBC Financial Group.”
Diane J. Brisebois, President and CEO,
Patrick Daniel, President and CEO,
Indira Samarasekera, President,
Retail Council of Canada, June 2006.
Enbridge, October 2005.
University of Alberta, April 2006.
Celebrating Leadership The 2006 Canadian Business Leader Award dinner marked
Excellence and the Canadian Business Leader
the 25th anniversary of the award for the Alberta School of
Undergraduate Award for Leadership Excellence was
Business. The University of Alberta was the first Canadian
announced.
business faculty to present an annual award for outstanding business leadership to the community.
We also appreciate Bell Canada and their inaugural sponsorship of this event.
From Francis Winspear, the inaugural award recipient recipients have exemplified the best qualities of business
Jim Pattison – Entrepreneur at Heart
leaders – uncommon vision, sound common sense, a
Recipients of the CBLA award are leaders,
commitment to the community, and national recognition for
entrepreneurs, and pioneers of progress in the
their business acumen.
business world. Jimmy Pattison not only embodies all
in 1982, to Jim Pattison, the 2006 recipient, the award
three, he embodies all three in a number of diverse Established in 1981 through the School’s Business Advisory
industries as well as on almost every continent.
Council, the award grew from the Faculty’s efforts to build
Pattison began his entrepreneurial journey selling
strong two-way bridges among the Faculty, its students, and
garden seeds door to door. Today he is Chairman,
the business community.
President, CEO, and sole proprietor of Canada’s third largest privately-held company. His leadership is
In celebration of the 25th anniversary, the establishment of
certainly universal in nature and his entrepreneurial
the Canadian Business Leader Graduate Award for Leadership
spirit is at the heart of his success.
Dean Mike Percy, past Chairman, Business Advisory Council, Pat Daniel, and CBLA 2006 recipient Jim Pattison
33
Business Advisory Council BAC Chairman: Guy J Turcotte Chairman Western Oil Sands Inc. Calgary, Alberta Judith Athaide President The Cogent Group Inc Calgary, Alberta Hugh Bolton Corporate Director, Financial Consultant, and Chairman of the Board EPCOR Utilities Inc Edmonton, Alberta Court Carruthers Vice President Acklands Grainger Mississauga, Ontario Patrick Daniel President and CEO Enbridge Inc Calgary, Alberta Marc de La Bruyère Managing Director Maclab Enterprises Edmonton, Alberta Rosemary Domecki President Domtex Equities Inc Dallas, Texas
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John Ferguson Chairman, Princeton Ventures Ltd Chancellor Emeritus University of Alberta Edmonton, Alberta
Karl Funke President and CEO Multitest elektronische Systeme GmbH Rosenheim, Germany Barry James Managing Partner PricewaterhouseCoopers LLP Edmonton, Alberta Kent Jespersen Chairman and CEO La Jolla Resources International Ltd Calgary, Alberta Irv Kipnes President and CEO Delcon Capital Corporation/ Liquor Stores Income Fund 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 Limited Fort McMurray, Alberta RJ (Bob) MacLean Chairman RJM Corp Edmonton, Alberta Bernard CO Mah Executive Director of Giordano Group and Chief Executive of China Operations Giordano International Ltd Kowloon, Hong Kong
Gay Mitchell Executive Vice President Strategic Business Development Canadian Personal and Business Clients RBC Financial Group Toronto, Ontario Amit Monga Technology Investment Banking National Bank Financial Toronto, Ontario Randall Morck Stephen A Jarislowsky Distinguished Chair in Finance University of Alberta School of Business Edmonton, Alberta Donald Oborowsky President and CEO Waiward Steel Fabricators Ltd Edmonton, Alberta Mike Percy Stanley A Milner Professor and Dean University of Alberta School of Business Edmonton, Alberta
Mary Ritchie President Richford Holdings Ltd Edmonton, Alberta Charlotte Robb President and CEO Dynacare Kasper Medical Laboratories Edmonton, Alberta Indira Samarasekera President and Vice Chancellor University of Alberta Edmonton, Alberta Robert Sanderman President Oakwood Commercial Ventures Denver, Colorado Donald Swystun Executive Vice President, Corporate Development Group EnCana Corp Calgary, Alberta Joseph Thompson Chairman PCL Construction Group Inc. Edmonton, Alberta
Roger Phillips Honourary Director IPSCO Inc. Regina, Saskatchewan
Steven Williams Executive Vice President, Oil Sands Suncor Energy Inc Fort McMurray, Alberta
Larry Pollock President and CEO Canadian Western Bank Edmonton, Alberta
William Winspear Dallas, Texas Ralph Young President and CEO Melcor Developments Ltd Edmonton, Alberta
Business Alumni Association Dustin Bateyko, ‘01 BCom JJ Barnicke Edmonton
Barton Goth, ’03 MBA Goth & Company Inc.
Ross Bradford, ‘79 LLB, ‘85 MBA Alberta School of Business Faculty Representative
Moe Henning, President MBA Association
BAA Edmonton Chapter
Chris Hutchinson, ’06 MBA, Sierra Systems
The Alberta School of Business
Jasmine Konsorada, President Business Students’ Association
alumni groups on campus. These
Elke Christianson Director, External Relations Alberta School of Business
Harvey Lawton, ’73 BCom Aon Reed Stenhouse Inc. BAA President
several initiatives each year that
Jami Drake Manager, Alumni Programs Alberta School of Business
Darryl Lesiuk,’91 BCom BAA Treasurer
Aaron Brown, ’97 BCom Manager, Portfolio Analysis Financial Services, University of Alberta BAA Vice President
Russ Farmer, ’04 MBA Acton Consulting Ltd.
has one of the most active
dedicated volunteers direct
benefit the School, our students, and the alumni community. • BAA Annual Dinner
Robert Parks, ’99 MBA Senior Consultant, Management Consulting Services Meyers Norris Penny BAA Past President
• Networking Receptions
Rosa Spadavecchia ’01 MBA Communications Consultant
• Convocation Breakfast
• Business in the Bears’ Den – Golden Bears’ Hockey
• BAA Golf Tournament Shelley Teasdale, ’01 BCom Alberta Government Services Business Application Support
• BAA Scholarships
Kurian Tharakan, ’86 BCom PricewaterhouseCoopers LLP U of A Alumni Council Business Representative
• Mentorship Program
• Student Ambassador Program
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source of funds
Fiscal 2005-06
Forecast 2006-07
$000
$000
University Funds as at March 31 fiscal year, includes international tuition, grad student funding
16,160,430
54%
16,724,516
51%
Own Source Funds Endowment & Interest Income
3,088,853
3,283,000
Professional Development
3,609,993
5,436,035
Centres and Conferences
873,142
890,605
1,764,409
1,889,155
Donations
880,290
1,000,000
MBA Differential Fee, net of central overhead
671,750
649,750
Undergraduate Differential Fee
651,473
650,000
989,149
1,080,393
1,115,525
1,281,524
Research Grants and Contracts
Cost-Recovery Programs Government Access Funds
Financials
Total Own Source Funds
13,644,584
Total Source of Funds
29,805,014
46%
16,160,462
49%
32,884,978
use of funds Teaching
8,952,302
31
9,456,462
29%
Research
9,000,530
31
9,600,000
29%
Service, Community Relations, Development
2,047,486
7
2,307,898
7%
Professional Development
3,040,750
11
4,772,305
14%
Technology and Infrastructure
1,380,055
5
2,225,637
7%
Operating and Support Services
4,207,440
15
4,601,614
14%
Total Use Of Funds Net Unrestricted Reserves
1
28,628,563
32,963,917
2,200,000
2,351,000
Net reserves comprise balances in research, endowment, donation and other internal own source funds that are used to advance specified education, research and service purposes according to the terms and conditions of the source. Most reserves are restricted to specific uses. 1
design+photography: Creative Services, University of Alberta writer+editor: Monica Wegner, Alberta School of Business printing: McCallum Printing Group Inc
C E L E B R AT I N G 9 0 Y E A R S
Francis Winspear • Hired as an accounting lecturer in 1930. • Appointed the first Director of the School of Commerce in 1954. • Received the School’s first Canadian Business Leader Award in 1982. • The Winspear Business Reference Library opened in 1984. • The Francis and Harriet Winspear Business Students’ Centre opened in 1998.
The spirit of a place allows innovation to occur, opportunities to unfold, and a reputation to flourish. The spirit of our people is why the Alberta School of Business continues to thrive. The return on investment of spirit is immeasurable.
www.bus.ualberta.ca