Annual Review 2000/2001

We areAnnual Report 2000

“ We benchmark our efforts with the best. In terms of research

and teaching, the University of Alberta School of Business is among

the best in Canada. That’s our message. That’s what we deliver. ”Michael B. Percy

Stanley A. Milner Professor and Dean, School of Business,University of Alberta

Globalization. Technological Change. Demographics. The Internet. Mega-mergers. The

advent of the “Virtual Corporation.” These are just some of the many forces that are trans-

forming the way business is done in the modern world. At the dawn of the 21st century the

pace of change has accelerated to an unprecedented intensity – and the need for visionary

leadership and state-of-the art managerial skills is greater than ever.

Since 1916, when a School of Accountancy was established on campus, the University

of Alberta has provided outstanding young men and women with the education they need to

be leaders of the business community. The University granted its first Bachelor of Commerce

degrees in 1924, and in 1928 a School of Commerce was formally established.

Today the University’s School of Business offers degree programs at the undergradu-

ate, master’s and doctoral levels and is widely recognized as one of the finest institutions of

its kind both in Canada and around the world. The School of Business is the longest continu-

ously accredited Canadian member of the AACSB – the International Association for

Management Education – and its 2,200 students represent some of the best and brightest

young people this country has to offer. The School’s 70 faculty members include four

winners of the prestigious 3M Teaching Fellowship as well as a number of individuals who

are recognized as being world-class scholars in their fields.

The School of Business derives tremendous benefits from its association with one of

Canada’s foremost research-intensive universities. Its location in Edmonton – Alberta’s

capital and a city at the forefront of the knowledge-intensive “new economy” – makes it an

important fixture in the business life of a dynamic and vibrant community. The School enjoys

an enviable reputation for excellence in management education and research which is

augmented by a strong tradition of dedicated service to both the province of Alberta and to

Canada as a whole.

Business Education for a Changing World

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A Message From Dean Michael B. Percy

We are delighted to present this first annual report of the University of Alberta School of Business. Its publication represents an important step in our efforts to raise awarenessof the diverse activities of the School and keep our stakeholders informed of our progressand plans for future development. We are proud within this annual report to present thehighlights of some of the School’s most significant recent accomplishments, and to outlinethe vision of the School’s plans for the future.

Nearly 40 years ago the School of Business became the first university businessschool in Canada to receive accreditation from AACSB – the International Association forManagement Education. Our mission has always been to provide high quality educationto students at all levels and to create an environment that supports the pursuit of excel-lence in research and teaching.

It has been gratifying for us to see large numbers of our graduates build very success-ful careers as leaders of some of this country’s largest private and public sector enterprises.Likewise, we are proud of the fact that many of our faculty members have developedinternational reputations for the excellence of their scholarship. Our challenge today is to build upon the School’s past accomplishments and position it to play an even more significant role in shaping Alberta’s future as well as that of the nation as a whole.

In the summer of 1997 I was honoured to be invited to serve as Dean of the Schoolof Business, and the three years since have been challenging and exciting. In a worldwhere competition between leading business schools is becoming increasingly vigorous, I believe there are four key factors that define this School’s uniqueness.

The Quality of our Students

The School of Business is home to many outstanding young men and women with enor-mous potential. I have had the pleasure of getting to know many of these people and havebeen impressed by their intellectual abilities, their enthusiasm and sincerity, and theireagerness to put the skills and knowledge they have learned to work. As readers will seein this annual report, my colleagues and I derive great satisfaction from our students’accomplishments and are proud to recommend them to organizations as candidates whooffer tremendous professional potential.

The Quality of our Faculty Members

The University of Alberta School of Business places great emphasis on attracting anddeveloping strong academic talent. Since 1997 we have hired 23 new faculty members,and their arrival at the School has reinvigorated its intellectual atmosphere. We havebuilt a teaching and research team that few other business schools can match. Many ofour professors are highly regarded researchers in their fields and all of them have pub-lished their work in world-class academic journals. Our faculty members also share apassion for teaching and a strong commitment to excellence in education, and severalhave won prestigious awards recognizing their skill in the classroom.

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The School’s Unique Environment for Teaching and Learning

More than most business schools in North America, the University of AlbertaSchool of Business has cultivated and sustained an intellectual environment thatsupports the balanced pursuit of excellence. We believe our teaching andresearch activities should complement and reinforce each other and we strive tomaintain an environment that encourages our faculty and students to be creative, proactive, and responsible.

Our Relationships with the Community

The School of Business enjoys strong and enthusiastic support from many lead-ers of the external community. Our location in Edmonton, Alberta, places us inthe heart of one of the most dynamic and entrepreneurial societies in the world.The support we have received from our Business Advisory Council, the 14,000alumni represented by the Business Alumni Association, and the larger busi-ness community in Alberta and across Canada has enabled us to launch manynew initiatives that have helped transform and revitalize the School. One of ourmost important priorities will be to continue to develop and nurture relation-ships with our external constituents that will enhance the School’s role as a catalyst for economic growth and social change.

As I look around at the many activities taking place in the School today, I amimpressed by the sense of vibrancy and enthusiasm my colleagues and our students share and by the tremendous progress we are making on many fronts.The qualifications of the students who are applying to our programs have neverbeen higher and in recent years we have had great success in encouragingmany promising younger scholars to join our professorial corps.

Our curriculum is rapidly evolving to meet the needs of today’s organiza-tions. Innovative new programs such as our bilingual Bachelor of Commerceand our MBA specializations in Technology Commercialization and NaturalResources and Energy are helping us position the School in demand-drivenniches. To support such initiatives and stay abreast of the E-commerce revolu-tion, we are also making significant investments in teaching technology. Recentupgrades to our physical facilities include the addition of state-of-the art com-puter laboratories and more than a dozen new “smart classrooms” specificallydesigned to enable professors to use multimedia technology to deliver lecturesand facilitate class sessions.

Our efforts to build closer relationships with the external community arepaying impressive dividends. We have experienced tremendous growth in thedemand for our Management Development Programs, and units like theCanadian Institute for Retailing and Services (CIRAS) are developing new link-ages with management practitioners. In the international arena, the School isinvolved in important initiatives in regions such as China and South America,and our exchange program provides students with opportunities to broadentheir horizons through study at other leading universities abroad. Amid this

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diversity of activity our faculty members continue to rank as being some of the most prolific academic researchers in North America. Research centres like our Centre forProfessional Service Firm Management are undertaking cutting-edge work in the study ofhow management decisions are made. Individual faculty members are also being recog-nized with prestigious awards. This past year, Professor Bob Hinings become the firstfaculty member from our School to be named a Fellow of the Royal Society of Canada.Professor Hinings was also named as Fellow of the Academy of Management, and in 1998he became only the second Canadian to be honoured by the Academy with itsDistinguished Scholar Award.

Other faculty continue to earn prestigious awards for the excellence of their teaching.Professor Erhan Erkut recently became our fourth and most recent winner of the 3M Teaching Fellowship, and Professor Michael Gibbins was selected as one of the winnersof the National Post Leaders in Management Education awards.

I am confident that as the School of Business moves forward into the 21st centurywe will continue to reinvent management education to help Canadian organizationsbecome more successful in the competitive global economy. In the pages that follow weare proud to showcase some of the School’s most important activities and accomplish-ments. I thank all of our stakeholders – students, faculty and staff, alumni, our BusinessAdvisory Council and other friends – for their ongoing and committed support. They have been part of the team that has helped the University of Alberta School of Business earnnational and international recognition.

We appreciate your consideration of this annual report, and cordially invite you to review this summary of our most important contributions and accomplishments.Thank you for your interest and support.

Sincerely,

Michael B. Percy

Stanley A. Milner Professor

and Dean, School of Business,

University of Alberta

Born in Banff, Alberta in 1948,

Michael B. Percy is Dean of the

University of Alberta School of

Business and also holds the

Stanley A. Milner professorship at

the School. Dr. Percy received an

undergraduate degree from the

University of Victoria in 1974 and

later earned MA and Ph.D.

degrees from Queen’s University

in Kingston, Ontario. An economist

by profession, Dr. Percy began his

academic career at the University

of Alberta in 1979 and over the

next fifteen years held several sen-

ior administrative appointments

within the Faculty of Arts. From

1993 to 1997 Dr. Percy took aca-

demic leave from the University

to enter public service, during

which time he served as a Member

of the Alberta Legislature. He

returned to the University in the

spring of 1997, and was appointed

as Dean of the School of Business

on July 1 of that year.

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Outstanding Students

The University of Alberta School of Business is widely known for the outstanding qualityof its students. The School has 1,800 Bachelor of Commerce, 300 MBA and 65 Ph.D stu-dents drawn not only from Alberta, but also from most other regions of Canada and manyforeign countries as well.

Students at the School of Business share many traits in common which identifythem as being developing leaders. Foremost among these are a passion for learning com-plemented by an impressive level of intellectual ability, a strong sense of self-reliance,and the entrepreneurial drive to apply knowledge and skills in the search for creativesolutions to business problems. The numerous clubs and extracurricular activities withinthe School of Business also offer students many exciting opportunities to put what theylearn in the classroom to work and develop relationships with senior leaders in the busi-ness community.

Students who graduate from the School of Business enter the professional worldwith education and experience that equips them to quickly prove their worth to theorganizations they go to work for. Not surprisingly, companies that hire graduates of theSchool are united in their praise for the dedication and ability of the people they haveemployed. Many University of Alberta business alumni have risen to senior leadershippositions in major corporations and public sector organizations; a number of their othercolleagues have been successful in pursuing various forms of entrepreneurial endeavors.Collectively, the diverse career accomplishments of these people provide a compellingtestimonial to both the high caliber of student that the School of Business admits and tothe outstanding quality of education which it offers to them.

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Admission Statistics for MBA Programs

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Admission Statistics for PhD Program

The impressive credentials of applicants who are admitted to the School of Business provide a strong attestation to the quality of its students.

“ I feel very fortunate to have had

the opportunity to participate in the School’s Co-op business program.

The support from the Co-op staff was tremendous and I really learned

a lot during the work terms I completed.”

Exploring the Frontiers of Bioethics

Researching the complex issues associated with xenotransplantation – transplantingorgans across different species – might seem like an unusual calling for a business stu-dent, but to fourth year finance and marketing major Dustin Bateyko, it’s a once-in-a-life-time opportunity that he was determined not to miss. Raised on a grain farm in Two Hills,Alberta, Dustin is one of the 400 students enrolled in the School of Business’s undergrad-uate Co-op program. He recently spent two terms working in Ottawa as an analyst withIndustry Canada.

During his stint in Ottawa Dustin became acquainted with a senior scientistinvolved in a Harvard Medical School study of the ethics of xenotransplantation. Whenshe offered him a position on a Canadian youth team that spent the summer of 2000 atHarvard assisting the scientific team, Dustin jumped at the chance.

To help fund the costs of his participation in the Harvard project, Dustin convincedcorporate and private sponsors of the importance of the issues that the xenotransplanta-tion researchers were exploring. Once he receives his business degree from U of A, he’scontemplating a career in finance, possibly specializing in work with biotechnology com-panies. Dustin credits the School’s Co-op program with providing him with valuable workexperience that enhanced his self-confidence and interpersonal skills. He looks back on hisstudies at the School of Business as being a rewarding and memorable experience.

Dustin Bateyko

fourth year undergraduateCo-op student

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“The education I received in the University

of Alberta MBA program provided a terrific complement to the skills

I had acquired during my earlier career. I have no doubt that the MBA

will open a lot of new doors.”

From PPCLI to MBA

Growing up in rural Alberta Andrew Thomson always had an adventurous streak, andwhen he graduated from high school in 1988 he was looking to do something different.The ideal opportunity soon presented itself when a Canadian Forces recruiter offered hima position in the legendary Princess Patricia’s Canadian Light Infantry (PPCLI) regiment.After completing his basic military training in Cornwallis, Nova Scotia, Andrew headedback west to Winnipeg where he spent the next three years with the regiment learningabout infantry tactics and weapons and serving as a United Nations peacekeeper.

Andrew’s experience in the army provided him with a tremendous “real-world”education that taught him much about leadership, teamwork, perseverance, andresourcefulness. When his tour of duty was up in 1991, he decided it was time to headback into the classroom and enrolled at the University of Alberta, graduating five yearslater with an undergraduate degree in science. After spending a couple of years workingin construction Andrew concluded that a business degree was something that would sub-stantially broaden his horizons, and accordingly he signed up as a member of theUniversity of Alberta MBA Class of 2000.

Andrew found the MBA program challenging and rewarding, and felt that it providedhim with the theoretical background he needed to put many of his earlier career experi-ences into greater perspective. While he was completing the program Andrew served asan active member of the Varsity Consulting Group, a student-run enterprise that providesconsulting advice to private sector, government, and not-for-profit organizations in theEdmonton area. Andrew and his colleagues provided a variety of services to their clients,including feasibility studies, market research, and preparation of business plans. He’s now seriously considering joining a major consulting firm.

Andrew Thomson

MBA Class of 2000

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The University of Alberta School of Business strives to maintain an outstanding environ-ment for teaching and learning. Professors invest a great deal of time and effort in developing courses and perfecting their teaching techniques, and also make themselvesreadily accessible to students for consultation and individualized assistance. Students are encouraged to take responsibility for their own learning, to think about new ideasand concepts and to experiment with new and creative ways of applying the managerialskills that they learn in the classroom.

The focus on high quality learning means courses are periodically subjected to in-depth reviews and updated and revised to keep them relevant. In parallel with theseefforts, new programs like the MBA specializations in Technology Commercialization andNatural Resources and Energy provide students with innovative, demand-driven educa-tion in rapidly growing fields. The learning environment which exists at the School is fur-ther enhanced by ongoing efforts to upgrade and modernize its physical facilities. Thanksto the generosity and support of the business community, this past year the School took two major steps forward in this regard with the opening of the Eric A. Geddes Facility forStrategic Management and the completion of a $1.5 million expansion of the StolleryExecutive Development Centre.

Mastering the Challenges of Technological Change

Extraordinarily rapid technological change presents both great opportunities and enor-mous challenges for organizations in virtually every sector of economic activity. To helpyoung managers understand the complexities of managing new technology, the School ofBusiness recently introduced a new MBA specialization in Technology Commercializationwhich combines the fundamental elements of the University of Alberta’s MBA curriculumwith innovative courses that focus on issues associated with the management of intellec-tual property and commercialization of new technology. Students in the TechnologyCommercialization specialization also gain practical experience through a four-monthbusiness internship during which they assist an organization in moving a new technologyfrom conceptual development to the marketplace.

An important added benefit for students interested in the Technology Commercia-lization specialization is the School’s close relationship with the University of Alberta’sIndustry Liaison Office, a unit of the University which commercializes new technologiesdeveloped by faculty members and manages partnerships with industry and government.To date, research conducted at the University of Alberta has helped create over 50 spin-off companies, more than any other Canadian university and second in all of NorthAmerica. Alberta is one of the top research centres in North America, and Edmonton isone of the 5 designated “Smart Cities” in Canada. Delivering Canada’s first MBA Techno-logy Commercialization program in an environment of this kind ensures that University of Alberta MBA graduates will be well prepared to help their employers reap the benefitsof tomorrow’s technological breakthroughs.

Learning Environment

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“ Companies involved in the natural

resources and energy industries have a pressing need for talented younger

employees who have the potential to serve as the next generation of

corporate leadership.”

The World’s Leader in Natural Resources Management

For much of this country’s history, Canada’s abundant natural resources have providedan important foundation for economic growth and job creation. In the global economy of the 21st century effective stewardship of natural resources is even more important.The School of Business has positioned itself to be an international leader in this field withthe recent introduction of a new MBA specialization in Natural Resources and Energy. Drawing upon the tremendous depth of expertise in natural resources and energy man-agement that exists in Alberta, many of the instructors who teach in the new program arefaculty members who have had extensive experience consulting to energy companies inthe province. The Natural Resources and Energy MBA is international in its perspectiveand requires students to complete both the regular MBA curriculum as well as a numberof industry-specific courses focusing on issues such as natural resources economics andenvironmental management. Candidates also gain practical career-related experience bycompleting a summer internship or directed research project in between the two years ofthe program. Seventeen students completed the internship during the summer of 2000.

Professor André Plourde

Associate Dean, MBA Programs

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“ The development of the bilingual option represents an important

step forward for our Bachelor of Commerce program. It provides an exciting

and rewarding challenge for students who choose to take advantage of

the opportunity to immerse themselves in the two languages and

cultures of Canada.”

Educating Bilingual Managers for Today’s Needs

The co-existence of Canada’s two official languages adds tremendous richness and diver-sity to the nation’s character. It also creates a need for managers and executives who cando business in both English and French. In 1997 the School of Business partnered withthe Faculté Saint-Jean, the University of Alberta’s French-language faculty, to introduceCanada’s first truly bilingual Bachelor of Commerce program. Students in the programcomplete all of the regular requirements for a Bachelor of Commerce degree; taking theircourses in both English and French helps them acquire language skills that are a tremen-dous asset in the business world.

Elaine Geddes

Assistant Dean,Undergraduate Programs

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“ I believe that an effective university teacher is someone

who understands how adults learn and who is able to act as a facilitator

and a coach for his or her students. Teaching is an art that requires professors

to invest a tremendous amount of time in preparation and be willing

to experiment with new approaches.”

Exceptional Teaching makes the Difference

The School of Business is home to many talented and dynamic instructors whose dedica-tion to teaching has earned them the admiration of countless numbers of students.Faculty have won many high profile teaching awards conferred by both the University ofAlberta and various external organizations. Figuring prominently among these honoursare the four 3M Teaching Fellowships which have been won by School of Business profes-sors, more than have been won by any other business school in Canada.

Professor Erhan Erkut, whose Operations Management classes are standing room only, is our most recent 3M winner. Since joining the School of Business in 1985,Professor Erkut has developed and taught courses in management science and opera-tions management, and was a pioneer in using E-mail and Web sites as pedagogical tools.Consistently voted top of the list in student satisfaction surveys, Professor Erkut and hiscolleagues this year hosted the annual meeting of the Canadian Operational ResearchSociety in Edmonton. One of its unique features was a problem-solving competition forhigh school students from across Alberta.

Professor Erhan Erkut

Department of Finance and Management Science

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3M Teaching Fellowships since 1990

Of the twenty-two 3M Teaching Fellowships won byUniversity of Alberta faculty, four have been awarded toSchool of Business professors. This is the highest number of 3M Teaching Fellowship winners of anyCanadian management school.

“ Throughout my career I have viewed teaching as being a labour of love.

I’ve always tried to help my students understand and appreciate

how the subject matter I teach relates to the real world, and challenge

them to broaden their intellectual horizons by testing new ideas

and concepts.”

Leadership in Management Education

Professor Michael Gibbins is one of the School’s most respected and accomplished teachers.An internationally renowned scholar, he has devoted his professional career to theadvancement of accounting education. Since arriving at the University of Alberta in 1984Professor Gibbins has taught courses at all levels. In recognition of his accomplishments, in1987 he was named the Winspear Professor of Professional Accounting, and he currentlyserves as Chair of the Department of Accounting and Management Information Systems.

Known for his sense of humour and ability to simplify abstract concepts into easilyunderstandable terms, he has earned consistently high ratings from the many studentshe has taught and has been honoured with several prestigious awards, including theUniversity of Alberta Rutherford Award for Excellence in Undergraduate Teaching andthe LS Rosen Outstanding Educator award from the Canadian Academic AccountingAssociation. In April, Professor Gibbins’ accomplishments were recognized by theNational Post when he was selected as one of four winners of the Leaders inManagement Education awards.

Professor Michael Gibbins

Winspear Professor of ProfessionalAccounting and Chair,Department of Accounting andManagement Information Systems

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Bringing a Lifetime of Experience into the Classroom

In 1959, armed with a freshly minted Bachelor of Arts degree from the University ofAlberta, Hugh Bolton signed on with the Edmonton office of chartered accounting firmCoopers & Lybrand. Over the next 40 years Mr. Bolton enjoyed a very successful careerwith the organization, the high point of which was his election in 1993 as Chair of thefirm’s Canadian arm, a position which he held for the next six years. Prior to his retire-ment from corporate life in 1999 Mr. Bolton’s last assignment involved overseeing themerger of C&L with Price Waterhouse that created PricewaterhouseCoopers, the largestprofessional services firm in the world. His business career took him to the four cornersof the globe, but notwithstanding his often-hectic schedule Mr. Bolton remained a loyalsupporter of his alma mater and for many years served as a key member of the School’sBusiness Advisory Council.

In 1999, shortly after retiring from PricewaterhouseCoopers, Mr. Bolton decided togo back to school as an Executive-in-Residence. During the four months that he spent oncampus he taught a course in Management of Professional Services Firms, participated in research on professional firms and helped to raise funds for the School. Mr. Bolton’sstudents benefited from the wealth of experience he was able to bring into the classroomand he looks back on his tenure as an executive-in-residence as being an enjoyable and invigorating experience. To keep life interesting, this year Mr. Bolton took on a newchallenge when he agreed to serve as chair of the board of EPCOR, the electric utility com-pany owned by City of Edmonton.

Hugh Bolton

Corporate Director,Financial Consultant andChairman of the Board,EPCOR Utilities Inc.

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“The thing that stood out most clearly

in my mind was the impressive quality of the students one finds at the School

of Business. These young people are bright, energetic, and very focused on

what they want to accomplish.”

Intellectual Environment

One of the most important responsibilities of any university business school is to under-take research that helps to push back the frontiers of knowledge. Through their extensiveinvolvement in both fundamental and applied research, professors at the School ofBusiness are broadening our understanding of the art and science of management.

A strong focus on quality and rigour means that faculty members are encouraged tosubmit their work for consideration by the leading academic journals in their fields, andthe impressive success many faculty members have enjoyed in having their researchaccepted for publication provides a compelling testimonial to the significance of the workthey have done.

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In research and scholarly activity,

the School of Business has consis-

tently been one of this country's

most productive and respected

institutions. Analysis of research

activity at Canadian universities

indicates that during the period

1990 through 1999 the University

of Alberta School of Business

ranked in the top four business

schools as measured in a list of

41 prestigious journals (see foot-

note 1) and by references to

our research by other scholars

(see footnote 2).

1 Journals surveyed:Academy of Management JournalAcademy of Management ReviewAccountingAccounting ReviewAdministrative Science QuarterlyAmerican Economic ReviewAmerican Journal of SociologyAmerican Sociological ReviewBritish Journal of Industrial RelationsContemporary Accounting ResearchEconomic JournalEconometricaIndustrial Labour Relations ReviewIndustrial RelationsInternational Economic ReviewJournal of Accounting ResearchJournal of Accounting and EconomicsJournal of Accounting and ResearchJournal of Applied PsychologyJournal of BusinessJournal of FinanceJournal of Financial EconomicsJournal of Financial and Quantitative AnalysisJournal of Labour ResearchJournal of Management StudiesJournal of MarketingJournal of Marketing ResearchJournal of Monetary EconomicsJournal of Political EconomyJournal of RetailingManagement ScienceMarketing ScienceMIS QuarterlyOperations ResearchOrganization ScienceOrganization StudiesOrganizational Behaviour and Human DecisionProcessesOrganizations and SocietyQuarterly Journal of EconomicsReview of Economics and StatisticsStrategic Management Journal

2 Source: Institute for Scientific Information: The Web of Science (Scientific Databases)http://wos.isiglobalnet.com

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“ In our PhD program we attach a high degree

of importance to getting the right fit between the students we admit and

what we have to offer. We give students a great deal of individual

attention in the program and try to do as much as we can to help them

develop their full potential as researchers and educators. ”

Doctoral Education for 21st Century Challenges

Preparing aspiring young scholars to pursue academic careers is one of the most impor-tant priorities of any institution of higher learning. At the University of Alberta School ofBusiness, the PhD program is the primary vehicle for accomplishing this objective. Firstestablished in 1984, the program admits doctoral students into each of the School’s fourmain academic departments. Candidates who are accepted require an average of fiveyears to complete the program, during which time they receive a rigorous grounding inresearch methods and master an extensive body of knowledge in their respective fields.

With only 45 candidates enrolled at any given time the PhD program is relativelysmall in size, but it remains committed to providing candidates with an outstandinglearning experience. A key part of the program’s philosophy involves devoting consider-able time and effort to assessing and selecting prospective candidates and admitting onlythose applicants whose intellectual interests form a good match with the expertise thatexists within the School.

Students who are accepted benefit from extensive opportunities to work closely withleading professors in their fields, and the School makes every effort to enable doctoralcandidates to participate in high profile academic conferences and assist them in havingtheir work published in respected scholarly journals. The fact that University of AlbertaPhD graduates have built successful academic careers at leading universities in Canada,the United States, and abroad attests to the high standard of training that doctoral students receive at the School of Business.

Professor David Cooper

Director, PhD Programand CGA Professor of Accounting

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“The study of family businesses is one of

the last frontiers in the field of management research and it’s an area that

offers many interesting and exciting opportunities.”

Exploring the Complexities of Family Enterprises

Family-owned businesses constitute a vital component of economic activity in everyregion of the globe; in Canada alone, family enterprises are estimated to employ over sixmillion people and contribute some $1.3 trillion to the economy every year. Surprisingly,relatively few academics have studied the management of family enterprises, and that’swhy the School of Business established the Centre for Entrepreneurship and FamilyEnterprise in the fall of 1999.

Headed by Professor Lloyd Steier of the Department of Strategic Management andOrganization, the Centre for Entrepreneurship and Family Enterprise has a mandate toconduct research on management of family businesses and develop courses designed toteach students the specialized management skills that are needed within this area. Sincecommencing their work in October of 1999 Professor Steier and colleagues Lynne Bigam,Jennifer Cliff, Pablo Martin, and Trish Reay have initiated research projects focusing on succession planning, organizational structure and governance in family businesses. In addition, they have developed and taught a new fourth-year business course onManaging Family Enterprise which is designed to sensitize students to the unique issuesand challenges associated with running family firms.

Members of the Centre are also working actively with the Canadian Association ofFamily Enterprise (CAFE) and are developing partnerships with other academic institu-tions and professional bodies that share an interest in the management of family busi-nesses. Their long-term objective is to build the Centre for Entrepreneurship and FamilyEnterprise into an internationally-recognized focal point for the creation and dissemina-tion of new knowledge pertaining to the many complex dimensions of family enterprises.

Professor Lloyd Steier

Director, Centre for Entrepreneurship and Family Enterprise.

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“ New trends such as globalization and technological change have become

the driving force behind the many far-reaching changes that are now taking place

within the professions. The mission of the Centre for Professional Service Firm

Management is to examine these changes in a critical light, and help both

academics and practitioners to understand how professional firms

can be managed more effectively.”

Leadership in Professional Services

Professional firms active in fields such as accounting, law, management consulting, andexecutive search provide a wide range of sophisticated services that play an essential role in our economy. They have unique ownership and organizational structures, and theongoing consolidation within many professional fields means that the larger firms areserving an increasingly international clientele. The Centre for Professional Service FirmManagement studies the many challenges associated with managing professional firms in today’s global economy.

The only research centre of its kind to be located within a Canadian businessschool, the Centre for Professional Service Firm Management has been in operation since1992. Key faculty members include Professors Royston Greenwood and Bob Hinings fromthe Department of Strategic Management and Organization and Professor David Cooperof the Department of Accounting and Management Information Systems. The Centre’sactivities focus primarily upon fundamental research, and recent work has exploredissues such as changes in the management of global accounting firms, changes in theroles and relationships between professional firms, management of global audits, andmanaging mergers of professional firms.

The Centre’s accomplishments were recognized by the University of Alberta in 1998when it was designated as an Emerging Centre of Excellence at the University. In additionto their extensive research activities, faculty members associated with the Centre havealso developed an elective course on Management of Professional Service Firms forundergraduate and MBA students and have hosted seminars and workshops for execu-tives of major professional firms. Articles written by members of the Centre haveappeared in national newspapers such as The Globe and Mail and the Financial Post.

Professor Royston Greenwood

TELUS Professor of Strategic Management and Associate Dean, Research

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Community Involvement

A key part of the challenge that faces any business school involves making an active andmeaningful contribution to the larger community around it. Business schools must beprepared to offer advice and assistance to help local organizations become more success-ful and also be willing to use their intellectual resources to help large multinational com-panies compete in the global economy. As well, consistent with the larger mission of theuniversity as being an instrument of social progress, business schools have a duty to dowhat they can to enhance the quality of life of all citizens within the external community.

For many years the University of Alberta School of Business has enthusiasticallyembraced the idea of community involvement, and has helped to make important contri-butions through a variety of initiatives. Within the Edmonton region and the province ofAlberta the professors and students associated with the School have played an importantrole in helping organizations to address a wide variety of management challenges, andmany have also willingly volunteered their time and effort to assist numerous charitablecauses. At the national level, in recent years the School has played an increasingly impor-tant role in helping to set the business agenda and encourage enlightened debate onimportant social issues.

All of these activities are consistent with the School’s belief that it has an importantduty to fulfill in terms of serving and contributing to the larger community of which it is a part.

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The School of Business’s location in Edmonton places it inthe heart of one of Canada’s most dynamic cities, andthroughout its history the School has played an importantrole in contributing to the growth and development of the community of which it is a part.

“Syncrude has made dramatic changes in

the technologies and processes it uses in its operations, and is now trying to

implement a new type of culture to achieve optimal employee performance.”

Preparing Syncrude for the Future

As a major player in the international oil industry, Syncrude Canada Ltd. has some3,500 people on its payroll and is one of the largest employers in Alberta. Next year thecompany will begin a massive, decade-long recruiting initiative in which between 200 and 300 new people will be hired every year. As part of this process Syncrude hasrecognized the need to attract individuals who possess the right kinds of technicaltraining and the interpersonal skills required to work in a team-oriented environment.The company has turned to Professor Ian Gellatly of the Department of StrategicManagement and Organization for assistance in developing and implementing appropri-ate employee selection tools.

Professor Gellatly is working with Professor Richard Goffin of the University ofWestern Ontario to review, redesign, and evaluate the pre-employment testing proce-dures that Syncrude uses to assess the thousands of people who apply for positions eachyear. The objective is to ensure that all new employees at Syncrude have the skills andknowledge required to perform the specific jobs they are hired for and in addition, thepersonal characteristics that will permit them to readily assimilate into the work environ-ment that exists within the company. Many of the selection tools that will be used arebehavioural-based, and are intended to help predict how prospective employees will per-form in the situations they will likely encounter on the job.

Over the course of the three years that they will be working with Syncrude, ProfessorGellatly and his colleague will spend a considerable amount of time on-site at the compa-ny’s Fort McMurray location to test and validate the new employee selection tools. Theirgoal is to help Syncrude position itself as an “employer of choice” and an organization thathas successfully implemented innovative, state-of-the-art staffing techniques.

Professor Ian Gellatly

Department of Strategic Management and Organization

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“ In today’s world clients expect value for their money; we focus on

delivering it by providing educational programs that form

a precise fit with the management development needs of the

organizations that we work with.”

Management Training for the 21st Century

Today’s managers and executives operate in a world where continuous learning hasbecome a necessity. The University of Alberta School of Business is responding to thisneed by using its Centre for Executive and Management Development to provide thetraining managers require to keep abreast of new developments.

Executive development programs like the Alberta Executive MBA and the BanffSchool of Advanced Management are offered in partnership with other institutions. Otherfaculty executive development programs are stand-alone offerings tailored to meet theneeds of individual client organizations. Among the more popular programs offered bythe Centre for Executive and Management Development office are courses dealing withnegotiation, leadership and people skills, strategic marketing, and finance and accounting for non-financial managers.

One of School’s most noteworthy achievements to date has been the development of a highly-regarded series of programs for public servants employed by the Governmentof Alberta. Working in collaboration with the provincial government’s Human ResourceDevelopment Network, the School of Business has developed two different levels of edu-cational programs. The first, geared to the needs of senior government executives, exam-ines the political and economic environment in which government operates and exploresissues associated with managing change and building high-performance organizations.The second series of programs, developed specifically for first-line supervisory staff, is askills-oriented curriculum that focuses on areas such as leadership, negotiation, publicspeaking, and project management. The School of Business has extended its success inthese areas by also providing training to employees of the City of Edmonton and otherpeople who work in the public sector.

Sheryl Wolowyk

Executive Director,Centre for Executive and Management Development

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“ The School of Business has provided

an outstanding environment from which to launch a new venture like the

Canadian Centre for Social Entrepreneurship. I’ve received tremendous

support from both faculty members and students and I’m confident that

their interest and enthusiasm will help our Centre achieve its vision.”

New Vision for the Not-for-Profit Sector

Gary McPherson’s remarkable life story is a living testimonial to what one person canaccomplish equipped with little more than faith, courage, and determination. At the ageof nine he contracted polio which left him paralyzed with quadriplegia, and he spentmost of the next 35 years growing up in medical institutions within the Edmonton area.His struggle with polio left Gary with severe physical handicaps, but it could not constrainhis tremendous spirit and strong desire to help change society for the better. Throughouthis life he has been a vigorous community activist and outspoken advocate for the rightsof the disabled, and has been honoured with several awards recognizing his leadershipand his contributions to important volunteer groups. In the spring of 2000 Gary publishedWith Every Breath I Take, a landmark book that recounts his own life story and describeshow he learned to take control of his own physical, emotional, and spiritual health.

Gary has had a long association with the University of Alberta, and his most recentinitiative with the University has involved spearheading the establishment of the newCanadian Centre for Social Entrepreneurship within the School of Business. The primarymission of the Centre is to encourage creative thinking and entrepreneurial managementwithin the voluntary and not-for-profit sectors. As Executive Director, Gary overseesthe development and implementation of research on social responsibility and communitydevelopment issues and educational programs targeted at nonprofit organizations andprivate sector companies interested in community investment.

The Centre has developed and delivered two new three-day executive seminars, andhas also released its first discussion paper and held a community forum on the context of the voluntary sector in Alberta. Future activities will continue to focus on stimulatingdebate about key social issues, raising awareness of the importance of the role of the vol-untary sector, and building new partnerships involving collaboration between business,government, and not-for-profit organizations.

Gary McPherson

Executive Director,Canadian Centre for Social Entrepreneurship

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“ Our objective has been one of constantly

keeping an eye on the horizon for new developments, and helping managers

within the industry to formulate strategies for meeting the kinds of new

challenges we believe the future will bring.”

An International Leader in Retail Management

Retailing is one of the most important sectors of the Canadian economy; from giant “bigbox” chains to much smaller individual outlets operated by sole proprietors, retail busi-nesses employ hundreds of thousands of people in this country and support equally largenumbers of other jobs at suppliers of every conceivable kind. In 1991 the University ofAlberta School of Business embarked upon a quest to become the pre-eminent Canadianbusiness school in this field by helping establish the Canadian Institute of Retailing and Services (CIRAS).

CIRAS’s mission is to enhance management practice within the retail and servicesindustries by providing education and training to managers and executives, and by facili-tating dialogue between academics, practitioners, and students. Headed by AcademicDirector Paul Messinger, a Professor of Marketing in the School of Business, and ExecutiveDirector Paul McElhone, a former executive with a well-known Western Canadian apparelretailer, CIRAS is involved in both research and educational activities that focus on impor-tant topical issues in retailing. Policy guidance for the Institute’s activities is provided by an advisory board composed of senior industry leaders.

Over the past eight years CIRAS has launched a number of important initiatives. In1992 CIRAS took the lead in establishing the Henry Singer Award, a distinction granted eachyear to a business leader who has demonstrated exceptional leadership in both retail man-agement and service to the community. Recent award winners include Don James, CEO ofDeeley Harley Davidson (1999) and David Bloom, CEO of Shoppers Drug Mart Ltd. (1998)

Since 1995 CIRAS has offered a Certificate in Retailing and Services programdesigned to help individuals involved in the retailing and services sectors to upgrade their managerial skills. As well, the School of Business offers a Bachelor of Commercedegree with a Retailing and Services designation. Innovative new courses, such asMarketing 488, the CIRAS internship, provide students with valuable real-life experience.

Paul McElhone

Executive Director,Canadian Institute of Retailing and Services

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International Activities

The last time the world ushered in a new century Sir Wilfrid Laurier was the nation’sPrime Minister, and at that time he confidently proclaimed that the 20th century wouldbelong to Canada. In many respects, Laurier’s predictions were borne out: it was overthe past 100 years that this country rose from being a colonial satellite of the BritishEmpire to achieve the status of a full-fledged player on the world stage. Today, at thedawn of a new millennium, the most important imperative facing Canadian companieshas become that of learning to compete in an international economy where transnationalboundaries are becoming increasingly irrelevant. Recognizing the significance of thechallenges which globalization presents, the School of Business has invested tremendousenergy in building an impressive portfolio of international initiatives which impact virtu-ally every aspect of its teaching and research activities.

Throughout its history the School has always had a strong international orienta-tion, and its professorial corps includes representatives from many different regions ofthe world. The focus on international projects gained significant momentum in 1989,when the School became one of a select group of Canadian business schools to be desig-nated as a Centre for International Business Studies. In the decade since then, the Schoolhas enjoyed great success in broadening and strengthening its international orientation.Many undergraduate and MBA courses now contain some elements of international content, a number of faculty are involved in conducting research on globalization and itsimplications, and alliances have been forged with other leading business schools aroundthe globe. In the years to come the School will continue its efforts to be recognized asbeing a “world class” leader in the teaching and research of international management.

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“The depth of academic expertise we

have at the School of Business gives us a tremendous opportunity to become

one of this country’s leading schools of international management.”

Providing Leadership for International Activities

Professor Rolf Mirus’s interest in international business is a natural reflection of his ownlife and career. A native of Germany, he spent his summers working in Great Britain andlater did graduate work in the United States before moving to Canada to begin his aca-demic career at the School of Business. Beginning in 1983 he played an instrumental rolein forging the institution’s first links with Xi’an Jiatong University, one of the most presti-gious universities in mainland China, and in the nearly twenty years since then he hasnurtured this relationship into a major partnership which has provided significant bene-fits to both partners. The School’s connection with Xi’an Jiantong University has allowedseveral faculty members to teach and conduct research in China, and has also createdopportunities for numerous Chinese scholars and businesspeople to visit this country.

Throughout his career at the School Professor Mirus has been a tireless champion forinternational activities of various kinds. From 1988 to 1992 he served as the firstDirector of the Centre for International Business Studies, a position he was reappointedto in the summer of 1999. Well-known for his research into various aspects of interna-tional management, Professor Mirus has served as a reviewer and editorial board mem-ber for several prominent academic journals. He’s also been a frequent media commenta-tor on business and economic issues and has participated in numerous seminars andmeetings designed to help Alberta businesspeople understand the challenges and oppor-tunities presented by globalization.

Professor Rolf Mirus

Director, Centre for International Business Studies

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“ Latin America is rapidly developing into

one of the world’s largest and most lucrative trading blocks, and as such

it’s a region which offers an enormous window of opportunity

for Canadian companies.”

Building Bridges Throughout the Americas

Latin America – the vast expanse stretching from the Mexican border to the southern-most tip of Chile – may be one of the most exciting and rapidly-changing areas of theworld. Recognizing the opportunities that are inherent in this region, in March of 1999the School of Business launched an ambitious new initiative designed to raise its profilethroughout Central and South America and partner with leading educational institutionsand corporations. The Latin American Development and Recruitment Project should befully operational by the beginning of 2001, and will involve activities in Mexico,Venezuela, Columbia, Ecuador, Peru, Chile, Argentina, and Brazil.

The project is headed by Executive Director Professor Philip Raworth, chair of theDepartment of Marketing, Business Economics, and Law, and is managed by ProjectDirector Don Stewart. The School’s expansion into the Southern Hemisphere has severalkey objectives. One aim will be to attract larger numbers of foreign graduate students to the University of Alberta, and already considerable progress has been made in encour-aging various Latin American universities to recommend the School’s programs to theirstudents. In addition, in each of the countries the project is targeting the School is active-ly working to identify and engage private sector partners, and as the project evolvesfuture attention will be focused on developing training programs for Canadian companiesseeking to do business in Latin America. This initial two-year project will be the first stepin what will eventually become a sustained effort to build long-term relationships thatwill extend the School of Business’s influence into every corner of the Americas.

Don Stewart

Project Director and President,Archon International Inc.

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Partnerships

Without a doubt, the School of Business’s most committed and enthusiastic supportersare the 14,000 graduates from the Bachelor of Commerce, MBA, MPA and PhD programswho make up the Business Alumni Association. Every day these people make importantcontributions in organizations all around the world, and through their professionalaccomplishments they act as outstanding ambassadors for the School.

Our alumni assist the School in many different ways: they offer our current studentsemployment opportunities and valuable guidance on career planning; they enable facultymembers to undertake research into real-life ventures and challenges; and they providetheir fellow graduates with a valuable source of contacts and advice at the many alumnibranch events that occur in major cities around the world. One of the School’s mostimportant long-term priorities is to build even stronger partnerships with its graduates,through both alumni events and our award-winning alumni magazine, “business.”

Alumni relations is but one of the key elements involved in building strong workingpartnerships with a wide variety of organizations and individuals. These alliances haveproduced many important benefits for all parties involved and have been particularlyuseful in terms of helping professors at the School keep abreast of the many changes thatare taking place in the business world around them.

Within the University of Alberta, the School of Business’ partners include the vari-ous other academic units of the university with whom it has collaborated on research andeducational initiatives. In the external community, some of the institution’s most impor-tant partners include the 30 members of the Business Advisory Council and the manyindividuals and organizations whose generosity has provided financial support for theSchool of Business. These contributions have enabled the University of Alberta to buildone of the largest endowments of any business school in Canada.

One of this School’s most important strategic priorities will be to maintain andenhance its relationships with valued partners such as Syncrude Canada, EPCOR Utilities,Telus, and CIBC, and aggressively seek out new opportunities to cultivate linkages withother organizations. The objective of these efforts will be to encourage greater dialoguebetween academics and practitioners and help the School of Business play an active rolein contributing to the success and development of the Canadian business community. It is through such a process that the School aspires to position itself as being a nationalasset for all Canadians, and one whose intellectual resources and expertise can be marshaled to help Canadian companies compete on the world stage and at the same timeserve the larger best interests of society as a whole.

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“ The Business Advisory Council has been

a tremendously valuable resource for the School. The members of the

Council have been tireless in their support for the new initiatives we

are putting in place, and they’ve provided us with an enormous amount

of valuable advice which has helped us to align our teaching and

research activities with the challenges modern organizations are facing.”

Business Leaders Show the Way

One of the School’s most important links with the realm of the practitioner is provided byits Business Advisory Council (BAC), a group of senior executives which meets regularly to provide advice and guidance on important educational and policy issues. Representinga diverse variety of industry and professional sectors, the members of the BAC are all seasoned and respected managers who offer the School the benefit of their collectiveexperience. Much like a corporate board, the BAC’s role involves working with senioradministrators to establish a broad strategic direction for the School and periodicallyevaluate progress against agreed-upon objectives. BAC members have also played anactive role in helping to raise funds for the School, and several have served as guest lectur-ers or executives-in-residence on various occasions.

Michael B. Percy

Stanley A. Milner Professorand Dean, School of Business,University of Alberta

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“I would give the University of Alberta

School of Business very high marks for what it has accomplished in

both teaching and research, and I was gratified and deeply honoured to be

selected as the winner of the Canadian Business Leader Award.”

Paying Tribute to Canada’s Business Heroes

Chief Executive Officers are the captains of industry whose decisions chart the course ofthis country’s economic future, and in many cases their leadership has helped Canadiancompanies to achieve some remarkable successes. To honour the courage and the visionof Canadian executives who have particularly distinguished themselves during theirtenure at the helm, in 1981 the School of Business established the Canadian BusinessLeader Award (CBLA). Candidates for the award, who may be nominated by members ofthe university community or by the general public, must be chief executives of majorCanadian organizations, and the nominees are evaluated by a panel of judges based onthe significance of their overall career accomplishments.

Winners of the CBLA are presented with the award at a gala dinner in Edmonton,which takes place every year in March. The CBLA is rapidly becoming recognized asbeing one of the most prestigious distinctions of its kind in the country, and the annualawards dinner is now considered to be among Alberta’s most popular and best-attendedbusiness events.

Maureen Kempston Darkes

President and General Manager,General Motors of Canada Ltd.,1998 winner of the Canadian Business Leader Award.

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“ The School of Business gave me the skills and knowledge to be fortunate

enough to succeed both as an entrepreneur starting a new business

and in providing direction for major Canadian corporations.”

Inspiring Loyalty from Alumni of All Ages

They received their degrees nearly 35 years apart, but John Ferguson, BComm 1964, andJohn Bethel, MBA 1998, share a sense of strong pride in being University of Alberta busi-ness graduates and a profound commitment to remain involved with their alma mater.They’re just two examples of the 14,000 alumni for whom graduation from the School ofBusiness was the first step in what was to become a very successful career path.

A 1964 Bachelor of Commerce graduate who spent the early years of his career as a chartered accountant, John Ferguson is today Chancellor of the University of Albertaand one of Alberta’s most prominent business executives. As Chairman of PrincetonDevelopments Ltd., a company he co-founded in 1975, Mr. Ferguson oversees an organi-zation that is a major developer and manager of commercial properties throughoutWestern Canada. An active and respected leader in both business and community circles,Mr. Ferguson also serves as Chair of the board of TransAlta Corporation and is a Directorof the Royal Bank of Canada, Suncor Energy and several charitable and philanthropicorganizations. For many years Mr. Ferguson has been an enthusiastic booster of theSchool of Business; he’s a longstanding member of the Business Advisory Council and has played an important role in facilitating relations between the School of Business and the business community. Mr. Ferguson’s son Brad is also an alumnus of the School of Business who graduated with his Bachelor of Commerce degree in 1995.

John Ferguson

Chancellor of the University of Alberta

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“ My work with Ernst & Young’s E-commerce

practice has given me tremendous opportunities to work with the leaders of the

new E-conomy. I can definitely say that I would not be where I am today had it not

been for the skills and networks I brought with me from the School of Business.”

John Bethel is an outstanding representative of the younger alumni of the School ofBusiness. An Edmonton native with a passionate interest in politics, John studiedPolitical Science at the University of Alberta and subsequently worked for two years as a researcher at the Alberta Legislature. Seeking a graduate degree that would open thedoor to new career opportunities, he returned to the university in 1996 and enrolled atthe School of Business as an MBA student. His two years in the program were a challeng-ing and sometimes hectic period. Even so, John managed to find time to serve asPresident of the MBA Association during his second year and also worked with his class-mates to organize a major fundraising initiative for a charitable organization that servesEdmonton’s inner-city residents. After earning his MBA in the spring of 1998 John joinedErnst & Young as a management consultant and today he’s involved in conductingresearch and providing advice to a variety of private and public sector clients.

John Bethel

MBA, Class of 1998

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“ The School of Business shares the larger

vision of our University and vigorously strives to meet our key objectives.

Through our contributions to education and scholarship we seek to be indisputably

recognized, both nationally and internationally, as being one of Canada’s

finest universities in teaching, research and community service and amongst

a handful of the world’s best.”

Achieving Innovation and Excellence Through Collaboration

One of the most important competitive advantages enjoyed by the School of Business isits association with a research-intensive university that is widely considered to be one of the finest institutions of its kind in Canada. Professors from many of the University ofAlberta’s 16 faculties and schools have been exceptionally successful in securing researchgrants from prestigious funding bodies and in having their work published in leadingacademic journals. Likewise, the fact that U of A has produced 22 winners of the 3MTeaching Fellowship – six more than its closest competitor in Canada – demonstrates the strong commitment to quality teaching which is shared by members of the universitycommunity.

Collaboration with other academic units of the university has enabled the School ofBusiness to offer a number of innovative programs which provide students with uniqueeducational opportunities. At the undergraduate level, for example, through a partner-ship with the Faculté Saint-Jean the School has developed Canada’s first truly bilingualBachelor of Commerce program, and similarly, co-operation with the University ofAlberta’s Department of Modern Languages has made it possible to offer Bachelor ofCommerce majors in Chinese, German, Japanese, and Spanish-American studies. At theMaster’s level, agreements with other faculties give MBA students opportunities to enrollin joint programs in which they can also earn graduate degrees in fields such as law,engineering, forestry and agriculture.

In both teaching and research, the University of Alberta School of Business is clearly one of the best institutions of its kind in Canada. Its successes stem from thestrong sense of collegiality and teamwork and the passionate commitment to the pursuitof excellence that are the defining characteristics of the University of Alberta.

Roderick D. Fraser

President and Vice ChancellorUniversity of Alberta

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Source and Use of Funds

Source of Funds ($000)

Actual Projected

Year ending March 31, 2000 Year ending March 31, 2001

University Funds

University operating grant $ 10,348.4 $ 10,905.1

Loan from University 500.0 0

Other University funds 92.4 112.8

Total 10,940.8 46.6% 11,017.8 43.3%

Government Grants

Access and other provincial grants 833.6 870.4

Federal grants (other than research) 625.6 85.0

Total 1,459.2 6.2% 955.4 3.8%

Own Source Funds

Cost recovery programs 823.3 984.3

Research grants and contracts 606.1 719.9

Endowment income 2,702.2 2,911.9

Donations and planned gifts 3,921.3 4.090.5

Professional development 1,006.9 2,213.1

Centres and conferences 476.0 807.8

Other sources of funds 349.9 381.7

Draw on reserves 1,189.0 1,357.9

Total 11,074.8 47.2% 12,109.1 47.6%

Total $ 23,474.8 100.0% $ 25,440.1 100.0%

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Use of Funds ($000)

Actual Projected

Year ending March 31, 2000 Year ending March 31, 2001

Teaching*

Student related activities $ 890.5 $ 429.5

Student scholarship and other support 580.6 751.5

Program development 300.2 199.1

Instruction and instructional support 4,569.6 6,074.4

Total 6,340.8 27.0% 7,454.5 29.3%

Research* 5,875.8 25.0% 6,928.3 27.2%

Service and Community Relations 1,574.6 6.7% 2,143.5 8.4%

Administration

Salaries and benefits 3,010.1 3,349.8

Staff development 17.2 27.5

Staff recruiting 101.6 100.0

Other non-salary 518.0 788.6

Total 3,648.9 15.5% 4,266.0 16.8%

Infrastructure Improvement 2,227.9 9.5% 378.1 1.5%

Technology 862.6 3.7% 803.1 3.2%

Transfers

Transfers to Endowments 2,871.2 12.2%

Transfers to Scholarships 60.4 0.3% 73.6 0.3%

Transfers to Reserves 14.4 0.1% 88.6 0.3%

Total 2,946.0 12.6% 51.6 0.6%

Total $ 23,474.8 100.0% $ 25,440.1 100.0%

Scholarships for business students

administered by other University units 143.0 150.4

Note: this financial information has not been audited.

*Based on the University of Alberta’s surveys of time allocation between teaching and research.

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Mr. Bruce AltonPresidentBlackbird Ventures Inc.Edmonton, Alberta

Mr. Gordon ArnellChairman and CEOBrookfield Properties CorporationToronto, Ontario

Mrs. Mary ArnoldDirectorArnold Consulting Group Ltd.Edmonton, Alberta

Mr. Hugh BoltonCorporate Director,Financial Consultant andChairman of the Board,EPCOR Utilities Inc.

Mr. Charles ChanChairman and CEOITC Corporation LimitedKowloon, Hong Kong

Mr. Patrick DanielPresident and COOEnergy Delivery Enbridge Inc.Calgary, Alberta

Mr. Jim DinningExecutive Vice President TransAlta Corp.Calgary, Alberta

Mr. K. Michael EdwardsPresident and CEORT Investment ManagementHoldings Inc.Toronto, Ontario

Mr. John FergusonChancellor, University of AlbertaChairman, PrincetonDevelopments Ltd.and Chair of TransAlta Corp.Edmonton, Alberta

Dr. Roderick FraserPresident and Vice-ChancellorUniversity of AlbertaEdmonton, Alberta

Mr. Kevin JenkinsPresident and CEOThe Westaim CorporationCalgary, Alberta

Dr. Hiroshi KurimotoPresidentNagoya University of BusinessAdministration and CommerceNisshin-shi, Aichi, Japan

Mr. R.J. (Bob) MacLeanChairmanThe Crossing CompanyEdmonton, Alberta

Mr. Brian MacNeillPresident and CEOEnbridge Inc.Calgary, Alberta

The Right Honourable Don MazankowskiVegreville, Alberta

Mrs. Gay MitchellExecutive Vice President Products, Personal and Commercial BankingRoyal Bank of CanadaToronto, Ontario

Dr. Randall MorckStephen A. Jarislowsky DistinguishedChair in FinanceSchool of BusinessEdmonton, Alberta

Mrs. Esther OndrackSenior Vice President and SecretaryChieftain International Inc.Edmonton, Alberta

Mr. Val PappesBusiness Development ManagerCritical Path Messaging Co. Inc.Toronto, Ontario

Dr. Michael B. PercyStanley A. Milner Professor and Dean, School of Business University of AlbertaEdmonton, Alberta

Mr. Bob PhillipsCorporate DirectorVancouver, British Columbia

Mr. Roger PhillipsPresident and CEOIPSCO Inc.Regina, Saskatchewan

Mr. Philip Ponting QCManaging PartnerMcLennan RossCalgary, Alberta

Mr. Gerry ProttiSenior Vice President Planning and New VenturesPanCanadian Petroleum LimitedCalgary, Alberta

Mrs. Janice RenniePrincipalJanice G. Rennie & AssociatesEdmonton, Alberta

Ms. Charlotte RobbVice President andRegional ManagerAlberta North and NWT Canadian Imperial Bank of CommerceEdmonton, Alberta

Mr. Joseph ThompsonChairmanPCL Construction Group Inc.Edmonton, Alberta

Mr. Ron TriffoChairman of the BoardStantec Inc.Edmonton, Alberta

Mr. Gordon UlrichPresident and CEOLuscar Ltd.Edmonton, Alberta

Mr. Peter ValentineAuditor GeneralProvince of AlbertaEdmonton, Alberta

Business Advisory Council

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The New Name and New Logo

2000 was a watershed year, one during which the University of Alberta Faculty of Businesschanged its name and revamped its logo. Our competitors, those institutions with whom wecompete for the best and the brightest, have branded themselves “schools.” That’s our market. That’s the niche we carve out for the University of Alberta School of Business.

Join us. Seize the advantage.

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University of AlbertaSchool of Business

Edmonton, AlbertaCanada T6G 2R6

Tel. 780.492.4083Fax 780.492.8748

Toll Free in Canada and USA Tel. 1.877.362.3222

E-mail [email protected] www.bus.ualberta.ca

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Documents

Annual Review 2000/2001