Merage Magazine 2015-2016

MerageSTRATEGIC INNOVATION AT WORK

2015/2016 | ISSUE NO 9

INSIDE:

4 Sharing the Wealth: Disruption in Wealth

Management Advising Could Benefit the Masses

12 Ripe for Disruption

18 Disrupting the $3 Trillion Health Care Industry

24 Do As I Say, Not As I Do: Old Saying Proves

Relevant When It Comes to Smoking

is the Only Constant

DisruptionDisruption

The Office of Executive Education at UC Irvine’s Paul Merage School of Business enables managers and executives to compete more effectively in the global economy through:

Open enrollment certificate programs for individuals, offering cutting-edge content, practical tools, opportunities to network

Learn about topics in management, business and leadership, including:

Custom programs offering organizations the opportunity to focus on addressing key strategic business issues and leadership development

International programs fostering the exchange of ideas between industries and countries

and explore this fascinating country

business practices of China and Korea

“The Certificate in Leadership in Healthcare Transformation program better prepared me for success in the evolving healthcare environment. The professors and professional experts were phenomenal. The interaction with seasoned colleagues in my industry greatly enhanced my learning inside and outside of the classroom. The experience was extremely rewarding.”

Kim L. Mikes, BSN, RN, CNOR, Executive Nursing Director/Operations Director | Women’s Health Institute, Hoag Memorial Hospital Presbyterian

Stay Ahead of the CurveExecutive Education Gives Global Business Leaders a Strategic, Competitive Advantage

3428

Merage 2015/2016 | 1

Dean’s Message:

INNOVATION

Sharing the Wealth: Disruption in Wealth Management

Advising Could Benefit the Masses

Ripe for Disruption

Big Data: Understanding the Path to Purchase

BEYOND THE CLASSROOM

Microsemi Leadership Academy Execs Practice What

They Teach

Disrupting the $3 Trillion Health Care Industry

Center for Global Leadership Mentor and Protégé of the

Year

Center for Global Leadership Disrupted

STUDENTS AND PROGRAMS

Do As I Say, Not As I Do: Old Saying Proves Relevant

When It Comes to Smoking

Program Updates

FACULTY INSIGHTS

Research Summaries

COLLABORATION

School of Business

LEEDing the Way

ALUMNI NEWS

Alumni Businesses

Social Responsibility

Reunion 2015

Class Notes

3

4

9

12

15

16

17

18

20

22

23

24

26

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Merage2015/2016 | ISSUE NO 9

Managing Editor

Editor-In-ChiefAnne Warde

Creative DirectorMaureen Bresse

Contributing Designers

Writers

Photographers

PrintingDual Graphics

Publish Your Alumni News: Keep your classmates

merage.uci.edu/go/alumni and go

Tell Us What You Think:

of Merage

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VISIT MERAGEFIRST.COM We invite you to

ThinkMerageFirstwhen you have an MBA-level job to fill or know

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Merage

No. 1 for Women Faculty in the World (Financial Times, MBA 2015) Top 5 in California for Fully Employed MBA (U.S. News & World Report, 2016) No. 7 in the U.S. for Salary Percentage Increase (Financial Times, MBA 2015) No. 14 in the U.S. for Full-time MBA, Recruiters Survey (Bloomberg Businessweek, 2014)

No. 21 in the U.S. for Full-time MBA and No. 7 among public universities (Financial Times, MBA 2015)

No. 21 Faculty Intellectual Capital (Bloomberg Businessweek, 2014) No. 22 among U.S. public undergraduate business programs (U.S. News & World Report, 2016)

No. 25 in the U.S. for Executive MBA programs (U.S. News & World Report, 2013) No. 29 in the World for Faculty Research (Financial Times, MBA 2015) Top 30 Health Care Executive MBA (a leading healthcare publication, 2015)

OUR PROMISE TO STUDENTS:

BROADENING OUR PORTFOLIO:

students launched 2015

ATTRACTING OUTSTANDING UNDERGRADUATES: More than 10,000 applicants for 150 spots

Consistently among the highest average SAT scores and entering GPAs at UC Irvine

WORLDWIDE ADVISORY BOARD:Executive involvement from more than 100 global companies, including:

Emulex

KPMG

McGladrey

Microsemi Corporation

Qualcomm

Sage

Thales USA

Yamaha Corporation of America

SEVEN CENTERS OF EXCELLENCE WITH FIRST-CLASSCONNECTIONS TO THE BUSINESS COMMUNITY:

Beall Center for Innovation and Entrepreneurship

Center for Digital Transformation

Center for Global Leadership

Center for Health Care Management and Policy

Center for Investment and Wealth Management

Center for Real Estate

merage.uci.edu

Orange County’s World-Class

Business Education

Merage 2015/2016 | 3

This last year has seen more disruption in

business due to the digital revolution than any

In this edition of Merage

bring together faculty and industry experts to speculate

Disruption in business is fast becoming the norm, and it

classroom: The Merage School is experiencing this in the

That said, the old saying that change is the only constant,

The Paul Merage School of Business

nessingHarneHHwer of he PowthtthtuptionDisruDD

DEAN’S MESSAGE

Sharing the

Disruption in Wealth Management Advising Could Benefit the MassesBy Anne Warde

4 | experience INNOVATION

Merage 2015/2016 | 5

At no time in history have consumers had more access to

Soon, technology may be opening doors for millions of

for Beacon Pointe Wealth Advisors and member of the

Advisory Board for the Merage School Center for Investment

INNOVATION

a strong sense of trust in virtual communities and a high

Chris Candela, senior technology consultant for Charles

advisors can service these clients in a manner that both

questions have been raised about the quality and threat

people place a tremendous amount of value on human

to complex situations such as planning for retirement or


Merage 2015/2016 | 7

potential of all classes of investors and, essentially, enable

advisors can increase productivity and client satisfaction,

the implementation of technology, advisors can create

parameters for client selection, establish relationships early

research products online and are comfortable completing

will need personally

INNOVATION

of Schumpeter’s arguments is holding fast: Economic change

is revolving around innovation, entrepreneurial activities and


Merage 2015/2016 | 9

“Say yes before you say no”Gina Lee, FTMBA ’15, Associate Marketing Manager, Mattel Inc.

experience might seem daunting,

no stones unturned in her career

internship at Toyota North America she secured through the

Merage School MBA Career Center gave Lee the experience

into each career and helped me envision myself in those

A second internship at Honda in advanced product planning

Career goals: from “vague understanding” to finding an “exact match”Joe Gaggero, FTMBA ’12, CrossLeader, McChrystal Group, LLC

Merage School, he really didn’t have a clear idea about his career

Merage School grads discuss the MBA Career Center and how it helped them map out career paths, develop career resiliency and—oh yes—nab that dream job.

INNOVATION

Clardy, vice president of human

my personality traits and interests, and began describing

careers and companies that had aspects of this space but

the exact match of the career interests and goals that I

experience and insights to map the path for me to achieve my

Pay it forward with networkingCarrie Zhao FEMBA ’15, Management Consultant, Accenture

Consulting

companies and startups for six

collaborative environment, invested in their employees and

“Introspection does not happen overnight”Meredith Johnson, FEMBA ’15, Strategy Analyst, Edwards

Lifesciences

the Merage School that Meredith

With an undergraduate degree

in biomedical engineering, the

could more easily transition into a business role through an

the MBA Career Center offers a variety of programs and

INNOVATION


Merage 2015/2016 | 11

Ten things the MBA Career Center can do for youGraduates who take advantage of all the resources in the Career Center “don’t just find incredible jobs,” says Tom Kozicki, executive director of the MBA Career Center, “they define the course of their careers. We’re building career resiliency,” he says. “We provide outstanding coaching and training so graduates are empowered to successfully manage their careers, and continue to make the right decisions as they go forward in achieving their goals.”

Here are ten ways the MBA Career Center can help students:

1 | Career Visioning

the career launching point for all Merage School graduate

2 | Gap analysis

Once you discern a career direction, gap analysis helps you

3 | The five-year plan

4 | One-on-one, collaborative career advisingAll of the coaches in the Career Center are business

5 | Career LaunchTop companies are vying for candidates at the beginning of

6 | Customized, online training modules

7 | An active, connected network of hiring professionals and alumni

8 | Robust workshops and seminars

discussions focus on everything from understanding

9 | Get in front of people who matter

10 | Real-world experience through internships and case competitions The Merage School boasts participation in some of the

in front of top professionals from Orange County’s dynamic

Blockbuster and Borders are dead. Amazon’s market cap exceeds Walmart’s. Apple® is the most valuable company in the world. Yet, many companies still don’t see the need to embrace the digital age.

Center for Digital Transformation and Taco Bell Professor of

Vision Comes From the Top

do

three

New Players Disrupt the Old Guard

reported to be doing over $500 million a year in revenues

being met using traditional methods, a blind spot across the

delivery service, are challenging and changing the established

Of the 100 CIOs surveyed

by the Center for Digital

Transformation: view digital transformation

as part of their growth

strategy41%

do not view digital

transformation as crucial

to their businesses

44%

Ripe for DisruptionDisruption

see digital transformation as

critical to their success

15%

by Laurie McLaughlin


Merage 2015/2016 | 13

director for the Merage School’s Center for Digital

In March 2015, the CDT held its inaugural signature

conference, Road to Reinvention: Leadership in the Digital

Age.

in a senior management agenda for business reinvention

the CDT’s latest research, Time for a Reboot: Nearly Half of

Companies Aren’t Ready for Digital Transformation

Road

to Reinvention conference is slated for Thursday, March 24,

The Center for Digital Transformation focuses

on advancing the competitiveness and productivity

information, go to merage.uci.edu/go/cdt

The Risk-Averse May Be Left BehindEstablished corporate cultures can squash innovation and

statistics and cautionary tales their business leadership

hostile to online sales because it cost them sales and

Vijay Gurbaxani

professor of Information Systems and

Computer Science and director

of the Center for Digital Transformation

consulting interests are at the nexus of business strategy and

emerging information technologies enable business model

strategies for the sourcing of information services, and on

The study, was issued at the “Road to Reinvention: Leadership in the Digital Age” conference presented by the Merage School Center for

Digital Transformation in March 2015. The respondents were anonymous and represented a cross-section of industries. To view the report, visit

centerfordigitaltransformation.org/assets/Time-For-a-Reboot-Digital-Readiness-Survey-Report-from-Center-for-Digital-Transformation-at-UC-Irvine.pdf.

INNOVATION


Merage 2015/2016 | 15

harnessing this staggering amount of data and applying the

and director of the Beall Center for Innovation and

Currim has asserted that a company’s majority focus

advocate that at least 51 percent of the company’s attention

the 2015 issue of the Journal of Interactive Marketing, he

site and monitored the actions of customers shopping for a

Information Accessed or Information Available? The Impact on Consumer Preferences Inferred at a Durable Product E-commerce Website

Big Data: Understanding the Path to Purchaseby Laurie McLaughlin

model evaluates only the exact

models similar to the one used for this study into their online

Imran Currim is chancellor’s professor at

UC Irvine and director of the Merage

School’s Beall Center for Innovation and

has served as associate dean of the

Merage School’s Undergraduate Program

INNOVATION

ataaaaaaImagine these professionals focusing on your company and

industry to teach the latest ideas and methodologies to your

Academy, developed by the

Corporate Partner Microsemi and under the direction of

it’s an oxymoron but says it resulted in a robust curriculum

students presented to business unit management teams at

Education to expand the successful program, developing

as communication techniques for Microsemi engineering

In addition to solving issues, Aralis says bringing together

So, the bonding and the connections our people made in the

of Executive Education at or

The Office of Executive Education Partners to Deliver Microsemi Leadership Academy; Program Targets Pressing Company Issues

16 | experience life BEYOND THE CLASSROOM

Merage 2015/2016 | 17

tinsight into leveraging data and data analytics tools for their

David Knuff, assistant dean for the Merage School Executive

Participants learn about best practices for collecting big data

The use of A/B testing

The open enrollment program is taught on the campus of the

merage.uci.edu/

go/CBDA

Program Helps More Users Leverage Big

DataNew Certificate in Big Data and Analytics:

By Anne Warde


smart glasses, are no longer a novelty, but the effect they may

professionals from across the United States presented and

levels of accountability and a lot of room for disrupting the

School professor emeritus of economics and public policy

Patients Seek Affordability and Convenience at Retail Clinics

Gadgets, Mega-Mergers and the Desire for Affordability:Disrupting the $3 Trillion Health Care IndustryBy Laurie McLaughlin


Merage 2015/2016 | 19

practitioners and physician’s

assistants and can be less

simple … and you don’t need a doctor,

pulled by demand and being pushed

by supply … and trying to substitute a

Mega-Mergers Set to Change the Health Insurance Landscape

health insurers in the United States, and these

colossal consolidations—the Anthem/Cigna deal

professor of economics and public policy, and CHCMP

A Long Road to Bundled PaymentsAnother potential tectonic shift in the health care insurance

example of bundled payments, already used by some insurers,

involves paying a lump sum to a hospital for a health episode—

pays each service individually and is most prevalent

give providers an incentive to

The Center for Medicare and

bundled payments through, among

other things, the Bundled Payments

based payment approaches to become commonplace

To learn more about issues facing the health care industry and to watch video presentations from the 2015 Health Care Forecast Conference presented by the

Merage School’s Center for Health Care Management and Policy, visit merage.uci.edu/ResearchAndCenters/HealthCare.


Each summer since 2011, crowds of middle school–aged kids have descended upon The Paul Merage School of Business for an immersive week of learning, bonding and gaining financial literacy skills. These students come from the most underserved areas of Southern California, many from single parent households. But, their futures look bright … very bright.

The Week:

grade students in underserved areas a chance to experience

Hosted by the CIWM and funded by private donations

and corporate sponsorships, the event requires an army

100 volunteers participated this year, leading classes, hosting

corporate visits, sharing inspirational stories and providing

Students

income students is selected from a pool of about 150

Graduates: A recent poll reveals that 90 percent of students

some of their stories:

Natalie L.Current status:

Proudest accomplishment: Created a robotics club in high

Giving back:

to mentor the middle school and high school students and

Breanna S. Current status

Proudest accomplishment

Future plans

LIFEvest disrupts the poverty cycle: 90 percent of program grads apply for college


Merage 2015/2016 | 21

Giving back

Bianca R.Current Status:

Giving back:

Note: Bianca could not provide an image.

Beatriz A.Current status:

Giving back: Involved in the Youth Champion Chair for

American Cancer Society and active as a community volunteer

for Santa Ana Public Library’s math, science and music

Accomplishments: Selected for Sage Hill Academy Internship

Many thanks to our 2015 LIFEvest Sponsors and Partners

Beacon Pointe Advisors

Beacon Pointe Wealth Advisors

Boeing

Mary Broude Canterbury Consulting/

Chad Bollenbach

Crystal Capital Partners LLC

Peter Huynh

Wil Goodison Orr/Marcum LLC

Neiman Marcus

Payden and Rygel

Dino Tellone

Taco Bell

Natalie L.

Breanna S.

Beatriz A.


Sahota nominated Bennett, a graduate of the United States

in light of Bennett’s consistent personal commitment and

Mentor of the Year Not many people can say they get regular text messages

and driving force in the health care industry, but David

from high school through medical school, but Bud has been

about the industry and has an active interest in helping me

To date, the Executive Mentoring Program has connected

honorees include:

10-year Mentor Service Award Tom Koch, CT Partners

Leslee Perlstein, Retired

15-year Mentor Service Award

Pete Todd, Sharp Electronics

Mentor of the Year

Protégé of the Year

Center for Global Leadership Honors

Mentor and Protégé of the Year

Michael Bennett,



Merage 2015/2016 | 23

fundraising initiatives to enable more Merage School students

In addition to Graham’s appointment, Professor William

for The Paul Merage School of Business for over a decade,

merage.uci.edu/go/CGL

Center for Global

Leadership Disrupted

Professor John Graham

Professor William Hernández Requejo

By Anne Warde

public pressure has prompted the implementation of strict

In a 2015 study, published in the Journal of Consumer

Psychology

teaches at the Ivey Business School at Western University in

Current Practices

in the Advertising of Age-restricted Products, indicates that

guidelines for certain products to protect young people from

New Research Finds Adolescents More Likely Not

to Smoke When Cigarette Ads Feature Older Adults

Say,Do As I

By Anne Warde

24 | experience STUDENTS AND PROGRAMS

Merage 2015/2016 | 25

The Research and ResultsDuring the study, Pechmann and her colleagues conducted

The line of questioning included personal inquiries about

included different advertisements to test the research

alcohol industries have agreed to use models that appear

to be 25 years of age or older to protect adolescents, their

advertisements, more young people may be choosing to

In a third experiment, the researchers found that the level

diverged from other adolescents, after exposure to cigarette

advertisements, depended on the level of dissatisfaction the

Reasons Why Current Practices May Be Harming AdolescentsOne reason adolescents might respond differently than

expected is that they are facing unique life challenges such as

understanding and attaining the freedom and independence

restrictions adolescents face may be causing dissatisfaction

example, adolescents can reduce the tension resulting from

adolescents of their age limitations and prompting them to

What’s it all mean?Contrary to the logic guiding the advertising practices of the

the best policy for protecting adolescents from the advertising

Cornelia (Connie) Pechmann (MS, MBA,

effects of advertising, social media, product

labeling, brand names and retail store

locations on consumers, and she has

Professor Pechmann has received numerous grants and over

Journal of Consumer Research


FTMBA Full-Time MBA Program Climbs to 7th Among Public

Schools in the U.S.

latest Financial Times

from 25th in 2014, and tied

Merage School Dean Eric

extremely focused on

FEMBA Fully Employed MBA Program Among Top Five in

California, 37th in the Nation

program at the Merage

School has moved up into

and climbed nine spots to

U.S.

News & World Report 2016 Best Business Schools

personal connections to our alumni and our strong Corporate

among the top 10 percent of accredited programs in the

to enhance our programs and curriculum in support of our

commitment to students to provide the highest quality MBA

Hybrid Courses Now Available

add convenience and enable students to better leverage

EMBAExecutive MBAs Take Their Show On the Road

before heading on to Yangon, Myanmar to explore the next

at McThai Headquarters and Bumrungrad Hospital to meet

EMBA students experience business in Myanmar, visiting McThai

Headquarters during an International Residential held in August 2015.

Program Updates

TOP

5 37th

799


26 | experience STUDENTS AND PROGRAMS

Merage 2015/2016 | 27

UndergradsMerage School Undergraduate Program Rises Five

Spots in U.S. News Rankings

In the 2015 report, the undergraduate

business program at the Merage

is the youngest business program

among the top 50 included in the

the Merage School has graduated four

cohorts of undergraduate students

report and methodology is available at colleges.usnews.

rankingsandreviews.com/best-colleges/rankings/

business

Charles Schwab Foundation/CIWM: Launches

MoneyWise Program Campus-Wide: New Personal

Finance Basics Now Available to all UCI Undergraduates

Wealth Management and designed to help students build a

School’s Center for Investment and Wealth Management,

schwwabmoneywiseoncampus.com/ucirvine/

Exec Ed Executive Education Launches new Certificate in

Business Data and Analytics Program

lies in the opportunity to better leverage the vast amount of

data and information that a company has access to, and in

information systems, the program provides participants

visit merage.uci.edu/ExecEd/Content/Certificate-in-

Business-Data-and-Analytics/327

Master of Professional

Accountancy

Professional Accountancy program

recruiting our graduates, including

merage.

uci.edu/go/mpac

Other NewsNamesake Keynotes Milestone Commencement Year

Paul Merage, noted entrepreneur, chairman and CEO

Paul Merage School of Business at UC Irvine, gave the

commencement address at the 2015 business school

anniversary of his generous naming gift and the 50th

During the ceremony, Merage shared his insights and advice

to a graduating class of more than 535 students made up of

Employed MBAs, 43 Executive MBAs and 34 Health Care

U.S. NEWS

NATIONALLY

PUBLIC SCHOOL2234

94%

Undergrads

Class of2015

PhDs

FTMBAsFEMBAs

EMBAs

HCEMBAs

MPAcs

A Leader Remembered - Lyman W. Porter, PhD

Merage 2015/2016 | 29

those relationships, and it’s those relationships that are critical to the school’s

Policano, former dean and director of the Merage School’s Center for Investment

“Due in large measure to his steady demeanor and the respect he had already earned … Port was able to focus students and faculty on the future and rebuild the school’s foundation.”

—John Thorne, M.S. ’71

“I was fortunate to not only have Port as my dissertation chair but also as a continuing mentor, colleague and friend. My life was enriched through knowing him and feels diminished with his loss.”

—Grace McLaughlin, PhD ’00

“He has been my mentor in the deepest sense of the term, and his boundless generosity of time and attention to my individual development as a scholar clearly deserves the lion’s share of the credit for any success I may have achieved in the field … his overall influence on the field seems nothing short of spectacular.”

—Harold L. Angle, PhD ’80 Professor Emeritus, ManagementUniversity of Cincinnati

“Lyman, in his understated manner, channeled our youthful exuberance toward productive/focused academic endeavors; encouraged our inquisitive minds to construct a disciplined methodology within which we could filter and test our hypotheses and confirm our findings; enhanced our sense of pride in ourselves, our education, and our school; and, just as importantly, created a sense of excitement for each of us as we looked toward the future we felt so prepared to embrace.”

—Lynda Cook, MS ’76

FACULTY INSIGHTS

ResearchSummaries

ACCOUNTING

The Impact of Financial Histories on Individuals and Societies: A Replication and Extension of Berg et. al. (1995)

By Professor Radhika Lunawat

Research in Experimental

Economics

Measuring Income Tax Accrual Quality

By Professor Terry Shevlin

Review of Accounting

Studies

Market (In)Attention and the Strategic Scheduling and Timing of Earnings Announcements

By Professor Terry Shevlin

Journal of Accounting and

Economics

ECONOMICS AND PUBLIC POLICY

The Effect of Medicare on Medical Expenditure Risk and Financial Strain

By Professor Mireille Jacobson

American Economic

Journal: Economic Policy

FINANCE

Editorial: Cosmetic Surgery in the Academic Review Process

By Professor David Hirshleifer Accepted at: Review of

Financial Studies

Does Media Coverage of Stocks Affect Mutual Funds’ Trading and Performance?

By Professor Lu Zheng

Review of Financial Studies

INFORMATION SYSTEMS

What Explains the Variation? Industry-Level Analysis of Information Technology Risk and Return

By Professor Sanjeev Dewan

Journal of Management Information

Systems

Social Capital and Contract Duration in Buyer-Supplier Networks for Information Technology Outsourcing

By Professor Vijay Gurbaxani

at: Information Systems Research

MARKETING

When Does Metric Use Matter Less? How Firm and Managerial Characteristics Moderate the Relationship between Metric Use and Marketing Mix Performance

By Professor Imran Currim

European Journal of Marketing

Manufacturer-Provided Services vs. Retailer-Provided Services: Effect on Product Quality, Channel Profits and Consumer Welfare

By Professor Sreya Kolay Accepted at: International

Journal of Research in Marketing

Faculty research is an important part of the Merage School’s focus on strategic innovation. This section includes summaries of 22 recent papers by our faculty members (names in bold) or co-written with colleagues from other UC Irvine departments or other universities.

30 | experience FACULTY INSIGHTS

Merage 2015/2016 | 31

OPERATIONS AND DECISION TECHNOLOGIES

Efficient Implementation of Collective Extended Producer Responsibility Legislation

By Professor Luyi Gui

Management Science

ORGANIZATION AND MANAGEMENT

Diverse According to Whom? Racial Group Membership and Concerns About Discrimination Spare Diversity Judgments

By Professor Christopher W. Bauman

Personality

and Social Psychology Bulletin

Revisiting External Validity: Concerns about Trolley Problems and Other Sacrificial Dilemmas in Moral Psychology

By Professor Christopher W. Bauman

Accepted at: Social and Personality Psychology Compass

Cronyism and Nepotism Are Bad for Everyone: The Research Evidence

By Professor Jone Pearce Industrial and

Organizational Psychology

Managing the Unknowable: The Effectiveness of Early-Stage Investor Gut Feel in Entrepreneurial Investment Decisions

By Professor Jone Pearce

Administrative Science Quarterly

Joint Selling of Complementary Components Under Brand and Retail Competition

By Professor Shuya Yin

Manufacturing and Service Operations

Management

Please visit

merage.uci.edu/go/research and

merage.uci.edu/go/ResearchInAction

for more business research topics.

Operations and Decision TechnologiesProfessor Luyi Gui

Economics And Public PolicyProfessor Mireille

Jacobson

Organization and Management Professor Christopher W. Bauman, Professor Jone

Pearce, Professor Shuya Yin

AccountingProfessor Radhika Lunawat,

Professor Terry Shevlin

Information SystemsProfessor Sanjeev Dewan,

Professor Vijay Gurbaxani

MarketingProfessor Imran Currim, Professor Sreya Kolay,

Professor Connie Pechmann

FinananceProfessor David Hirshleifer,

Professor Lu Zheng

FACULTY INSIGHTS

Trauma Centers and Helicopters for Emergency Medical

Operations Research

Libby Weber, assistant professor, strategy

Academy of Management for her solo

Margarethe Wiersema, dean’s professor,

strategic management

Appointed as Senior Editor, Global

Strategy Journal

Strategic Management Society Conference, Santiago, Chile,

John Joseph, assistant professor, strategy –

Sharon Koppman, assistant professor, operations management – Professor Koppman received her BA from

theory and cultural sociology to examine career processes in cultural and creative industries, and use of culture as

Ben Lourie, assistant professor, accounting – Professor Lourie received his BA in economics from Tel Aviv

Tingting Nian, assistant professor, information systems – Professor Nian received her BS from Tsinghua

lies at the intersection of economics of digital technology, analytical modeling, econometrics and machine learning,

David Yang, assistant professor, finance – David Yang received an AB in applied mathematics from Harvard

David Hirshleifer, professor, finance

L. Robin Keller, professor, operations and

decision technologies

Institute for Operations Research and the

Judy Rosener, professor emerita

John Turner, assistant professor,

operations and decision technologies

Faculty in the News

FACULTY INSIGHTS

32 | experience FACULTY INSIGHTS

ThinkMerageFirstWord of mouth is the most powerful and trusted way to communicate brand loyalty and experience to friends and family. We encourage you to share your Merage School experience with others that would benefit and grow from earning their MBA at UC Irvine. Or, share a job opening with a fellow alumnus or the MBA Career Center. Your support of the Merage School and its alumni increases your degree equity.

MERAGEFIRST.COM

Bloomberg Businessweek

nationally

POST

REVIEW resumes for open positions

REQUEST a resume referral tailored to your

CONTACT us at:

UC Irvine Paul Merage School of Business

MBA Career Center

Companies that hire Merage School

graduates include Apple, Broadcom,

Experian, Johnson & Johnson,

Mattel, PIMCO and Wells Fargo.

merage.uci.edu/go/recruit

Looking for Top MBA Talent?Find out what leading companies throughout Southern California and the U.S. already know.

CompleteDisruption

importance our supporters place on educational excellence in

innovation, collaboration, research and technology in Orange

several of the Merage School’s Centers of Excellence, a

School, visit

Grand Opening of New Building at The Paul Merage School of Business Marks Milestone

By Anne Warde

34 | experience COLLABORATION

Merage 2015/2016 | 35

School of Business adds to the already stellar performance

Sierra

Club

and code standards in order to be set apart as leaders in

based on the number of points earned for achieving selected

teams must use tailored strategies to drastically reduce

building include:

vehicles and carpools that promote sustainable practices

natural light and reduce the use of electric lights

energy needs

Heavy concrete mass structure that stores heat energy and

the year

contribute to building energy savings

Opening, visit merage.uci.edu/go/groundbreaking.

By Anne Warde

New Business School Building LEEDing the Way

COLLABORATION

Alumni Businesses

and treatment of diseases such as cancer,

But, even as the overall design of PET

scanners has improved, many of the

Namely, PET scanners are large, heavy yet

and patients are required to come to the trailer for their PET

must be transported to the PET scanner room and moved

of innovators enter the plan into the Merage School Business

The team recruits a local radiology imaging business coach,

logistical and cost issues inherent in PET scanners and caught

system that could be accessible, not only in radiology

For Oncology

For Neurology

care providers to scan for many neurological diseases

and is expected to be a viable tool for the diagnosis of

Cardiology

imaging modality that reveals the clinical biology of the

Sometimes Health Care is All About LogisticsBusiness Plan Competition is Catalyst for Lifesaving Technology

Dr. Daghighian (shown on the right) points to the novel detector module,

the core of the VersaPET design that lies in the hands of Dr. Yibao Wu (left).

Dr. Yibao Wu, a nuclear and particle physicist, is one of the main scientists

responsible for the design of the Novel Detector Module, which enables the

design of a smaller, faster and less expensive PET scanner. The technology

is protected by two patents, giving Prescient a competitive advantage.

By Anne Warde

ALUMNI NEWS

36 | experience ALUMNI NEWS

Merage 2015/2016 | 37

Disrupting Stereotypes

born of an idea to promote friendship, education,

Campus Wide Division of the Merage School’s Business

additional $50,000 to their funds and enabled the team

that r

In a press release dated August 4, 2015, White House

iBesties products include a

iBesties can be found at iBesties.com

The innovative design of Prescient’s products enables them

photomultipliers are smaller than the photomultiplier tubes

used in tradition PET scanners, thereby reducing the overall

this creation is that it gives millions more patients access to

innovation is in our ability to deliver the service to the patients

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Ariel Beroukhim, the engineering

undergraduate student from UCI

who originally wrote what has

become Prescient’s business

plan, demonstrating the unique

characteristics of the VersaPET

scanner.

A different kind of disruption—one with a social impactAaron Byzak (HCEMBA ’08) helps students prepare for the future by showing the power of the past

Battle of the Philippines in World War II, he probably had no

POW camp, he survived slave labor, torture, bouts of malaria

hopes his story can inspire people to respect and protect

died in an assisted living facility as a result of neglect,

and forged partnerships

advocate for legislative reform

passage of the Residential


Wilfred H. ’Chick’ Mensching, USMC,

survived more than three years as a

prisoner of war in the Philippines and

Japan during World War II, and went

on to become a successful bank CEO.

Aaron Byzak presents “The Amazing

Life of Wilfred H. “Chick” Mensching”

to students at Carlsbad High School

in San Diego.


Merage 2015/2016 | 39

the Great Depression, fought in World War II, contributed to

have been dubbed the Greatest Generation (based on the

and Community Affairs for UC

accomplish something that’s important to you, it can create

opportunities for you professionally, and it can help you

For more information, visit the Hazel’s Army Facebook page

at Facebook.com/HazelsArmy

Hazel Mensching, who died in 2013,

is the inspiration for Hazel’s Army, a

consumer group that advocates for

assisted living reform.

Aaron J. Byzak, HCEMBA ’08, FACHE

Founder / Chief Advocate

Hazel’s Army and GreatGen2.0.

Aaron Byzak and California State Senator Marty Block (D-San Diego) appear

on NBC’s to discuss their successful legislation to protect

seniors in assisted living facilities.

Aaron Byzak and California State

Senator Marty Block (D-San

Diego) testify before a legislative

committee in Sacramento in

January 2014 in support of

assisted living reform legislation.

ALUMNI NEWS

In public clinics and hospitals throughout Egypt and Northern

Africa, physicians report shortages of equipment, medicines

California outpatient clinics has launched the Telemed

data to the cloud so specialists can access diagnostic tests

provide needed assistance to help the physician treat and

Eldahmy has assembled a team of more than 30 distinguished

engineers and business and technology experts charged

and ensuring the

But Eldahmy remains undaunted, pointing to similar

Eldahmy has championed the remote healthcare delivery

system since attending an American Telemedicine Association

telemedfoundation.org

Telemed Foundation poised to deliver remote health care to Nile Valley and Nile Basin


Adel Eldahmy, MD,

HCEMBA ’97

ALUMNI NEWS


LOCATION

Merage School Auditorium4293 Pereira DriveIrvine, CA 92697-3125

Presentation 6:30 to 7:30 p.m.Reception 7:30 to 8:30 p.m.

COST

$50 for General Public

$25 for UC Irvine Alumni

RESERVATION

merage.uci.edu/go/DSS

Craig BoundyChief Executive Officer

Experian North America

NOVEMBER 18

THANK YOU TO OUR

GOLD SPONSOR:

Brian NiccolChief Executive Officer

Taco Bell

JANUARY 28

Presenting the 2015–2016

Distinguished Speaker Series

alumni panel discussion on the developments of business

UC Irvine and the tremendous advancements the Merage

Reunion 2015

ALUMNI NEWS


Merage 2015/2016 | 43

1968

Alan Feddersen, MS ’68

retirement in 1993 and later obtained a salesman’s and a

1977Vicki Lanza Hines, MS ’77

company offers free placement services for seniors into

independent living, assisted living or memory care in larger

1978Bruce Neuschwander, MS ’78, has been appointed chief

1989Lois Bernstein, EMBA ’89, senior vice president of

Community Services for MultiCare Health System, received

the Business Examiner

1996Su Kim-Stroud, FEMBA ’96

Consulting, a leading business and technology consulting

2004Rashad Moumneh, MBA ’04

the UCI campus as part of the Global Summit for Peace

2005Jason Dedrick, PhD ’05, has been promoted to full professor

and is serving as associate dean for research at Syracuse

2006Steve Chang, FEMBA ’06

only if

Cindy Cheng, FEMBA ’06, relocated to London in 2014 to

Class Notes

Alan Feddersen

MS ’68

Lois Bernstein

EMBA ’89

Rashad Moumneh

MBA ’04

Jason Dedrick

PhD ’05

2008Mike Lee, FEMBA ’08

honored at an Angels Baseball game upon returning from

Jeff Light, EMBA ’08

Ryan Patel, FEMBA ’08, vice president, Global Development

American Executive by the Los Angeles Business Journal

2009Sherry Main, FEMBA ’09, has been named assistant vice

2011Ramin Mousavi, FEMBA ’11, has accepted the position of

director, Sales Strategy, Operations and Business Intelligence,

2012Matt Bailey, EMBA ’12

lead the Institute’s collaboration initiatives to advance Orange

2013Jeff Frenken, FEMBA ’13, has been hired as an associate

role, he is implementing the consumer behavior and data

as a member of the Consumer Insights and Analytics team at

Mark Phillips, HCEMBA ’13, PharmD and Marcel Fraix,

HCEMBA ’16

2014Gina Heitkamp, FEMBA ’14, launched iBesties, a toy

to 11 years old in the areas of technology learning and

Sisters Riddhi and Siddhi Khara, both FEMBA ’14

recently featured in an Orange County Register about the

Abhinav Singh, FEMBA ’14

Jeff Light

EMBA ’08

Ryan Patel

FEMBA ’08

Sherry Main

FEMBA ’09

Ramin Mousavi

FEMBA ’11

Riddhi and Siddhi Khara

FEMBA ’14

ALUMNI NEWS


To learn more about how you can make a significant gift to endow our future, please contact us.

Help continue our work through a gift to our

endowment.

ENDOWING OUR

It’s easier than you might think.

You Are Invitedto Create Your Legacy

merage.uci.edu/DLCAuditorium, or contact

CaC

4293 Pereira Drive

merage.uci.edu

Distinguished Speaker Series. Craig Boundy of Experian North

The Center for Global Leadership is a supporting association for The

The Center for Investment and Wealth Management presents

Distinguished Speaker Series. Brian Niccol, CEO of Taco Bell

Annual Health Care Forecast Conference.

contact Margaret Wong at

The Center for Digital Transformation presents the Road to Reinvention:

Leadership in the Digital Age Conference.

contact Megan Marburger at

November 18

December 3

January 11, 2016

January 28, 2016

February 18-19, 2016

March 24, 2016

Documents

Merage Magazine 2015-2016