Nov 10, 2015 - Criteria include career progression of alumni (assessed by salary), research strength, and ..... individu
DRIVEN TO LEAD. Annual Report 2014/15
2
ALBERTA SCHOOL OF BUSINESS
// 2014/2015
DEAN’S MESSAGE Our work at the Alberta School of Business is marked by a commitment to open and rigorous inquiry, intense and informed discourse, and an ambitious scholarly and educational agenda. Each member of the School of Business community contributes to the research, education, engagement and impact that defines the School and has a meaningful influence on the world around us. I would like to acknowledge their extraordinary commitment, accomplishments and talents that make us who we are today—they are a truly dedicated community, breaking new ground with vision, strength and purpose. 2014-2015 has been a year of tremendous growth and achievements in many areas. One—among many—for which I am extremely proud is our School’s Financial Times MBA ranking—86th globally and third in Canada (tied with Queen’s University)—the School’s highest ranking ever on the FT index. The FT ranking is by far the premier assessment of the quality of MBA programs worldwide. Criteria include career progression of alumni (assessed by salary), research strength, and diversity of students and faculty. It is an independent, objective measure of the contribution of the Alberta School of Business and a validation of our excellence. As part of our ongoing commitment to increase relevance and impact of our business research and teaching, we will be enhancing our core curriculum through a targeted focus on entrepreneurship, energy and the environment, international business, and leadership. Recognizing that these areas align with our economic environment, funding potential, and academic expertise, allow us to leverage many of the strengths and opportunities of being based in Edmonton and Alberta. I am also thrilled to recognize that our faculty continue to push the boundaries of research and business applicability with their numerous awards in various globally competitive categories. This diverse group of experts demonstrate their leadership by conducting impactful research and engaging in conversations that are relevant to communities (and policy-making) at home and around the world. Finally, I am most proud of our students who continually strive to challenge themselves—in the classroom and in their communities—and develop their leadership strengths. For us, achieving excellence means providing them with the most competitive, relevant and impactful business education available. In the year ahead, I look forward to participating in dynamic activities and events for our centennial year—2016—a year that promises to celebrate the importance of where we have been and what’s to come. I hope you will join us. Joseph Doucet Dean, Alberta School of Business
ANNUAL REPORT
Table of Contents 4 10
Alberta School of Business
28
Alumni Network
External Engagement
Programs
30 33
Financials
34
Donors & Giving
35
Business Advisory Council
OVERVIEW
10
UNDERGRADUATE PROGRAM
15
MASTER’S PROGRAMS
20
DOCTOR OF PHILOSOPHY IN BUSINESS
22
EXECUTIVE EDUCATION
24
Research & Faculty Achievements
26
International Connections
(ALUMNI, STUDENT AND COMMUNITY EVENTS)
3
4
ALBERTA SCHOOL OF BUSINESS
// 2014/2015
ALBERTA SCHOOL OF BUSINESS
OVERVIEW The Alberta School of Business is one of the world’s leading institutions of business education and research. As the first and longest continually-accredited business school in Canada, the Alberta School of Business embodies a province shaped by people who are adventurous, hard-working and spirited. Since 1916, the innovative ideas, entrepreneurial spirit and leadership of the school’s more than 26,000 alumni have strengthened businesses and communities.
OUR VISION // Leaders from Alberta for the World OUR MISSION // To excel and lead through research, teaching, and external engagement
DEAN
Dean Joseph Doucet, PhD Stanley A. Milner Chair in Leadership
VICE DEAN
Lloyd Steier, PhD Distinguished Chair, Entrepreneurship & Family Enterprise // Academic Director, Centre for Entrepreneurship and Family Enterprise // Academic Director, Alberta Business Family Institute
ANNUAL REPORT
4
DEPARTMENTS
ACCOUNTING, OPERATIONS, & INFORMATION SYSTEMS CHAIR: Karim Jamal
10
FINANCE & STATISTICAL ANALYSIS
MARKETING, BUSINESS ECONOMICS, & LAW
STRATEGIC MANAGEMENT & ORGANIZATION
CHAIR: Vikas Mehrotra
CHAIR: Rasmus Fatum
CHAIR: Yonatan Reshef
182
CENTRES AND INSTITUTES Alberta Business Family Institute (ABFI)
Centre for Entrepreneurship and Family Enterprise (CEFE)
Centre for Applied Business Research in Energy and the Environment (CABREE)
Centre for Excellence in Operations (CEO)
Canadian Centre for Corporate Social Responsibility (CCCSR) Canadian Corporate Governance Institute (CCGI) Centre for Effective Business Management of Addiction Treatment (CEBMAT)
Centre for International Business Studies (CIBS) School of Retailing (SOR) Technology Commercialization Centre (TCC)
FACULTY, LECTURERS, AND STAFF
5
6
ALBERTA SCHOOL OF BUSINESS
// 2014/2015
The Alberta School of Business celebrated 842 new graduates in 2014/15, including the inaugural graduates of the Master of Financial Management China program.
FALL 2014 CONVOCATION
82
27
18
9
Bachelor of Commerce
Master of Business Administration
Master of Financial Management
Doctor of Philosophy
(CALGARY)
SPRING 2015 CONVOCATION
543 Total Undergraduate Students
515
12
2
14
Bachelor of Commerce
Bilingual Bachelor of Commerce/ Baccalauréat Bilingue en Administration des Affaires
Bachelor of Commerce with Honours
Bachelor of Commerce with Certificate in Leadership
GRADUATE STUDENTS
132
29
2
Master of Business Administration
Master of Financial Management
Doctor of Philosophy
ANNUAL REPORT
PRIORITY AREAS In consultation with both internal and external stakeholders, the Alberta School of Business has identified four priority areas of focus as part of its overall strategic vision to ensure the relevance and impact of the school locally, nationally and globally. The intention is to integrate these focus areas across departments and centres within teaching, research, events and external engagement as a means to further enhance the quality of the student experience.
ENTREPRENEURSHIP
INTERNATIONAL BUSINESS
ENERGY AND THE ENVIRONMENT
LEADERSHIP
7
8
ALBERTA SCHOOL OF BUSINESS
// 2014/2015
ENTREPRENEURSHIP
INTERNATIONAL BUSINESS
Entrepreneurship@UAlberta is a cross-faculty, studentfocused initiative, led by the Alberta School of Business working in partnership with stakeholders like Startup Edmonton, TEC Edmonton and the Edmonton Economic Development Corporation. The spirit of the initiative is to catalyze and sustain an interdisciplinary, cross-faculty culture of innovation and entrepreneurship. This is achieved through student development at all levels by combining good business fundamentals with a rich, mentored learning environment and strong partnership networks. Our vision is to leverage our internationally recognized faculty and staff in entrepreneurship, our experience in entrepreneurship programming and our established external networks to create an infrastructure for continuous support of entrepreneurship and innovation.
While reflecting on the global nature of Alberta’s economy and the interconnectedness of international markets, the school recognizes the strategic importance of international business as an area of focus. In addition to research that connects Alberta and global markets to relevant practices across all business functions, students benefit immensely from consistent exposure to the understanding of international markets and issues during their years of study.
HIGHLIGHTS:
• The first cohort of the Master of Financial Management (China) program graduated in fall 2014. An opening ceremony for the second cohort took place in Shenzhen, China.
• The interdisciplinary undergraduate course Entrepreneurship 101 was oversubscribed for the fall 2014 semester with students from across campus. • Professor Michael Lounsbury was awarded a Tier 1 Canada Research Chair (CRC) in Entrepreneurship and Innovation, a seven year designation accompanied by a $1.4 million award. • BCom student Michael Tessier received one of the top five student entrepreneur awards in Canada at the 2015 Entrepreneurs’ Organization’s Global Student Entrepreneur Awards. • The Technology Commercialization Centre (TCC) was invited as an organizing partner for the 13th annual West Coast Research Symposium (WCRS). Sponsored by Kaufman Foundation, WCRS is one of the most prestigious, research-oriented technology entrepreneurship conferences in the world. The school joins partner co-organizers Stanford University, University of Southern California, University of Oregon and University of Washington.
HIGHLIGHTS: • 5% of undergraduate students participated in for-credit international activities in 2014, compared with the Canadian average of 2.6%.
• 38 partner institutes hosted Alberta School of Business students participating in international exchanges and study tours. • BCom student Felicia Liang was the first University of Alberta student selected for a prestigious internship with the Canadian Missions in China in a Canada-wide competition. She spent six months working with the Trade Section of the Consulate General of Canada in Shanghai and previously completed an exchange study term at Hanyang University in Seoul, South Korea.
—a staffed physical space—ensures student entrepreneurs have access to expertise, mentorship and partner networks as they collaborate and cooperate in developing new ideas, companies and social ventures. This year, eHUB supported approximately 60 cross-faculty student teams and engaged over 200 students through various programs.
ANNUAL REPORT
ENERGY AND THE ENVIRONMENT Our world faces significant challenges in meeting its energy needs and the resulting demands on the energy and environmental sectors are complex and multidisciplinary. Leaders in these sectors need to leverage ways in which they can add value, while operating within an intricate and interwoven landscape of competing opportunities and challenges. Informed policy and strategic decision-making, as well as a bright and talented workforce, are crucial for sustainable growth. Building on Alberta’s economic and geographic strengths, the resource base of Alberta, Canada and North America, and its strong legacy of teaching and academic excellence, energy and the environment is a central focus at the Alberta School of Business.
HIGHLIGHTS: • Professor Andrew Leach was named one of the Top 100 Eco-Influencers on Twitter (by Corporate Knights and Brandwatch) as well as one of Alberta’s 50 Most Influential People for 2015 (by Alberta Venture) for the second consecutive year. He has recently been appointed Chair of the Government of Alberta’s newly created Climate Change Advisory Panel. • The Alberta MBA placed 3rd in the 2014 Corporate Knights Global 100 Sustainable MBA ranking. • 64 MBA students pursued the Natural Resources, Energy & Environment specialization in 2014/15. • 14% of the 2014 MBA graduating class found employment in the Petroleum and Energy industry. • Nearly 100 business leaders and government officials from India and Canada were brought together in Calgary for the India-Canada Energy Forum, to explore opportunities for collaboration in the energy sector. The forum was organized by the Alberta School of Business, Canada-India Business Council, and Petrotech Society of India.
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LEADERSHIP The Alberta School of Business embodies a long heritage and commitment to leadership—a foundation that speaks to our vision: Leaders from Alberta for the World. As such, the school strives to holistically incorporate ‘leadership’— and its suite of associated skills—throughout our programs, competitions and events. Relevant university-wide initiatives including the Peter Lougheed Leadership College and our undergraduate embedded Certificate in Leadership embrace the school’s vision and enhance the school’s leadership presence beyond its core programming. Our faculty, students and alumni continue this consonant legacy within the role of business education and out into the broader community.
HIGHLIGHTS: • Can Leadership Be Taught? The Right Honourable Kim Campbell spoke to business students, faculty and alumni and shared her experiences and advice about women in leadership. The event was hosted by the MBA Women’s Network. • 2015 Canadian Business Leader Award ceremony and dinner recognized award recipient Larry Pollock. Mr. Pollock is currently Special Advisor to the Board of Directors of Canadian Western Bank (CWB). • 28 students participated in the Undergraduate Leadership Certificate program in 2014/15. • Professors Andrew Leach and Michael Percy were named among Edmonton’s most powerful leaders in 2014 by the Edmonton Journal. • 25 student consultants, working with the School of Retailing Consulting Group (SORCG), participated in projects throughout the year, working with external clients from the retail sector, including the City of Edmonton, Edmonton Public Library, Fountain Tire and London Drugs.
10
ALBERTA SCHOOL OF BUSINESS
// 2014/2015
UNDERGRADUATE PROGRAM:
Bachelor of Commerce (BCom) ASSOCIATE DEAN
(UNDERGRADUATE)
World-class education, leadership opportunities and connecting to the global community are part of what makes the Bachelor of Commerce (BCom) program an exceptional experience. With majors in traditional areas of study as well as specialty niches, over 38 international exchange partnerships, a fully integrated and accredited co-operative education program, and the first Bilingual Bachelor of Commerce program in Canada, the BCom program offers unique opportunities for undergraduate students.
22 UNDERGRADUATE STUDENT GROUPS AND ORGANIZATIONS Elaine Geddes, LLM
Student groups and organizations at the Alberta School of Business connect students to the business community and provide opportunities to raise funds for charities. 62% of students who graduated in 2014/15 participated in a student club while completing their BCom degree.
THE BILINGUAL BACHELOR OF COMMERCE is offered in collaboration with Campus Saint-Jean and is one of the first degrees of its kind in Canada.
CLUB LISTING: > University of Alberta Accounting Club
> E DGE Business Competition
> AIESEC
> J DC West Team Alberta
> Alberta School of Business Energy Analytics Group
> M anagement Information Systems Club
> Alberta Not-for-Profit Case Competition
THE LEADERSHIP CERTIFICATE is an exciting program developed for students in the BCom program. It brings students and mentors (professionals in their field) together for a unique learning experience.
> Business and Beyond Toastmasters Club > Business Exchange Association > Business Finance Association > Business Students Association > Club de Commerce Bilingue > Cooperative Education Student Association
> N etwork of Empowered Women > O perations Management Club > P RIME > R ocky Mountain Business Seminar > E nactus > U of A Human Resource Management Association > U of A Marketing Association > U of A Real Estate Club > 5 Days for the Homeless
ANNUAL REPORT
1,539
NEW STUDENTS IN 2014/15
772
APPLICATIONS
ADMITTED
MEAN GPA
3.36
LAST SCHOOL ATTENDED (NEW DEGREE STUDENTS) Grant MacEwan
68 students // 11%
Red Deer College
15 students // 2%
Other Alberta Colleges
12 students // 2%
Other Canadian Universities & Colleges Foreign Universities & Colleges
Number of Students Percentage of Total Students
27 students // 4% 9 students // 1%
80%
519 students
UNIVERSITY OF ALBERTA
ALL BCOM STUDENTS
(TOTAL = 2,031)
MALE TO FEMALE RATIO
52% Male
BCom DIVERSITY
78% Canadian
48% Female
22% International ( 1,593 CANADIAN STUDENTS // 438 INTERNATIONAL STUDENTS )
( 1,057 MALES // 974 FEMALES )
98.5%
retention rate for all undergraduate Business students (either returned or graduated)
444 STUDENTS
participated in the Co-op Placement program
90 BACHELOR OF COMMERCE
After-Degree Students
52
EXCHANGE STUDENTS
3 Bachelor of Commerce
WITH HONOURS STUDENTS
36 STUDENTS in the Bilingual Bachelor of Commerce program
29
ABORIGINAL STUDENTS
11
12
ALBERTA SCHOOL OF BUSINESS
// 2014/2015 BACHELOR OF COMMERCE MAJORS 722 students
Accounting 151 students // 7.6%
Business Economics & Law 29 students // 1.5%
Business Studies East Asian Studies Entrepreneurship & Family Enterprises
6 students // 0.3%
European Studies
4 students // 0.2%
23 students // 1.2%
498 students
Finance Human Resource Management
99 students // 5.0% 52 students // 2.6%
International Business Latin American Studies Management Information Systems
25.2%
1 students // 0.1% 56 students // 2.8% 179 students // 9.0%
Marketing Natural Resources, Energy & the Environment Operations Management Retailing & Services
53 students // 2.7%
1,979
TOTAL STUDENTS
31 students // 1.6% 5 students // 0.2%
Strategic Management & Organization
70 students // 3.5%
Number of Students Percentage of Total Students
16 options FOR BCOM MAJORS: > A ccounting
> European Studies
> M arketing
> B usiness Economics & Law
> Finance
> B usiness Studies
> Human Resources Management
> N atural Resources, Energy & the Environment
> E ast Asian Studies
> International Business
> E ntrepreneurship & Family Enterprise
> Latin American Studies > Management Information Systems
> O perations Management > R etailing & Services > S trategic Management & Organization
36.5%
ANNUAL REPORT
13
BUSINESS CAREER SERVICES COOPERATIVE EDUCATION
DIRECTOR, BUSINESS CAREER SERVICES:
Dale McNeely, PEd, MBA
Business Career Services (BCS) acts as a vital link between the business community and the Alberta School of Business in providing employment opportunities for all students. This includes: • Delivering valuable career counseling • Enhancing job search skills through career development services • Providing employers with skilled workers who are well-prepared to contribute to their organization BCOM GRADUATING EMPLOYMENT RATES AND SALARIES FOR 2014/15 Non-Co-op Graduate Employment Rate
85%
Co-op Graduate Employment Rate
90%
All BCom Graduates Average Salary
$50,329
Non-Co-op Average Salary
$49,185
All Co-op Average Salary
$53,363
Co-op (excluding CPA) Average Salary
$57,263
Cooperative Education (coordinated by BCS) is an optional program for students admitted to the Bachelor of Commerce program that combines classroom and on-the-job learning. Students apply their academic knowledge through periods of relevant work experience of four or eight months. Co-op students receive intensive and comprehensive job search training, giving them the best skills possible to succeed in a competitive and challenging job search environment.
STATISTICS AND HIGHLIGHTS: • 42% of Co-op students received offers of permanent employment from previous Co-op employers with a 32% acceptance rate. • The acceptance rate for admission to the Co-op program in 2014/15 was at 62%, on par with a level of 63% in the previous year. 241 Applicants, 150 accepted. • 365 Co-op jobs were filled of 1,023 jobs posted; the highest volume seen over the past 6 years. The filled/ posted ratio was 36%, on par with the previous year. • 70% of all Co-op placements were in Edmonton. • Recruitment through BCS continues to be localized to the Edmonton region. 65% of postings in 2014/15 specifically target Edmonton, consistent with the previous year. • 72% of employed graduates in 2014/15 remain in Edmonton. • 35 students transferred from the Co-op program to the regular BCom program in 2014/15. This transfer rate is consistent with the typical range of 30-40 students transferring to the regular BCom program each year in recent years.
14
ALBERTA SCHOOL OF BUSINESS
// 2014/2015
CASE COMPETITIONS
RESULTS AND HIGHLIGHTS:
Through consistently positive results at recent case competitions, the Alberta School of Business is building a reputation as a strong competitor while creating meaningful international connections. These competitions enable students to test their competitive edge against other top Canadian and international business schools.
• HR West Competition: 1st Place
• 534 undergraduate students participated in 11 internal and 17 external case competitions.
• CPA Financial Accounting Competition: 3rd Place
• 5 of the external competitions were international: Singapore (2), Spain, and USA (2). • ASB students hosted the Alberta Energy Challenge (AEC), the Alberta Not-for-Profit Case Competition (ANPCC), and the EDGE Business Competition. • 27% of the undergraduate student body participated in an internal or external case competition during the 2014/15 academic year.
• JDC West: 2nd Place overall in both academics and as School of the Year. JDC Captain, Adam Danyleyko, was named Executive of the Year • CPA Board Governance Competition: 2nd Place
• University of Arizona Eller Ethics Case Competition: Finalist • First Alberta Not-for-Profit Case Competition held by the Alberta School of Business • Rocky Mountain Business Seminar (RMBS): 50th Anniversary • 3rd Annual Network of Empowered Women (NEW) Conference at Chateau Lake Louise
• 40% of students who graduated in 2014/15 competed in a case competition while completing their degree.
12th Annual recipient of the Claudette J. de Bruijn Cooperative Education Student of the Year Award: PETER WALLS – Student Credit Analyst with Cenovus Energy Named for the Business Career Services founder and Alberta School of Business Professor Claudette J. de Bruijn, this award honors students who best embody the spirit of Cooperative education. Students are nominated by their employer mentor and selected by the Business Career Services Office based on their employment performance, academic performance, and on their contributions to their employer beyond the scope of their work, extracurricular activities at school, the community at large, and Cooperative Education.
2014 Mentor of the Year Winners: MARIUS MULLER Enbridge FRANCINE FAUCHER Layfield Group ANNETTE MACPHERSON University of Alberta This award recognizes the valuable contribution employers make to the great experience Co-op students have in their organizations.
ANNUAL REPORT
15
MASTER’S PROGRAMS:
MBA, EMBA, MFin (Mgmt) ASSOCIATE DEAN
(MASTER’S PROGRAMS)
FINANCIAL TIMES RANKING
3 86 RD
in Canada
Joan White, PhD
TH
Globally
ASSOCIATE DEAN
(MASTER’S PROGRAMS)
The Alberta MBA is built on the Alberta tradition of great ideas, hard work and outstanding people. A host of degree options, coupled with small class sizes, an applied hands-on learning style, an active alumni network, and strong ties to the business community, translate into incredible opportunities for Alberta MBA students. In addition to the full-time program, there are flexible MBA degree options including the part-time, evening MBA, the Fast Track MBA (for individuals holding a Bachelor’s degree in Business), the Fort McMurray MBA as well as combined degrees with other faculties at the University of Alberta.
Michael Maier, PhD, CPA, CGA Effective September 1, 2015
Other master’s business programs include the Alberta/Haskayne Executive MBA (EMBA) offered in partnership with the University of Calgary as well as the Master of Financial Management (MFin Mgmt) degree offered in Shenzhen, China.
16
ALBERTA SCHOOL OF BUSINESS
// 2014/2015
NEW STUDENTS IN 2014/15 Average GMAT score for new full-time MBA students:
Average GMAT score for new part-time MBA students:
610
600
> The average student entering the full-time, two-year MBA program has 53 months of prior work experience. > Full-time Fast Track MBA students entering the program have an average of 60 months of prior work experience.
NEW STUDENTS ADMITTED IN 2014/15
TOTAL STUDENTS
79
166
2 Year Program
70
157
Fast Track
9
9
PART-TIME
76
254
Evenings & Weekends
51
197
Fast Track
25
57
Engineering
EMBA
27
51
Science
MFin Mgmt
46
73
Other
Fort McMurray
–
25
288
569
FULL-TIME
TOTAL
ACADEMIC BACKGROUND OF MBA STUDENTS
14%
Arts
11 students 25%
Business
20 students 35%
19%
15 students
5% // 4 students
CURRENT STUDENTS FULL-TIME TWO-YEAR PROGRAM AND FAST TRACK
MBA PROGRAM OVERALL MALE TO FEMALE RATIO
STUDENTS
39% Canadian 61% International ( 65 CANADIAN STUDENTS // 101 INTERNATIONAL STUDENTS ) TOTAL: 166
66% Male
34% Female
( 196 FEMALES // 373 MALES ) TOTAL: 569
28 students
ANNUAL REPORT
MBA students are able to complete their MBA as part of the general program or in one of six specialization options:
Innovation & Entrepreneurship
Finance
International Business
Natural Resources, Energy, & Environment
Public Policy & Management
Sustainability
52% of students chose the general MBA program in 2014/15
# OF STUDENTS (FULL-TIME)
# OF STUDENTS (PART-TIME)
TOTAL
77
141
218
1
1
2
Finance
27
23
50
Innovation & Entrepreneurship
14
17
31
International Business
16
12
28
Natural Resources, Energy, & Environment
27
37
64
Public Policy & Management
3
17
20
Sustainability
1
6
7
166
254
420
SPECIALIZATION General General – CPA
TOTAL
COMBINED DEGREES
6 1 4
MBA/ JD
MBA/ MAg
MBA/ MEng
3 1 6
MBA/ MLIS
DUAL DEGREES
2014 /15 GRADUATES
5 STUDENTS
DEGREES CONFERRED IN 2014/15:
from EDHEC Business School, France
MBA/ Pharm
1 STUDENT from Nagoya University
MD/ MBA
of Commerce and Business, Japan
TOTAL
206
74 Part-time MBA: 64 EMBA: 21 MFin (Mgmt): 47 Full-time MBA:
17
18
ALBERTA SCHOOL OF BUSINESS
// 2014/2015
MBA CAREER MANAGEMENT CENTRE HIGHLIGHTS:
DIRECTOR, CAREER EDUCATION & COACHING: Maxine Clarke The CAREER MANAGEMENT CENTRE provides all first year, full-time students with a minimum of 25 hours of facilitated career development programming along with additional independent work. The requirements of first year students include the completion of mock interviews, BUS 504: Career Management, goal setting assignments, self-evaluation activities, and one-on-one meetings with the Career Management Centre. Throughout the year, all students have the option of participating in industry or function themed treks in Edmonton or other cities, the Alumni Mentorship Program, workshops on various careerrelated topics, networking events with alumni and external individuals, coaching and career advising.
• 65 mentor/mentee matches for the Alumni Mentorship Program = 100% of full-time students. • 250 alumni contributed at least one hour to MBA career development programming for current students.
GRADUATE EMPLOYMENT (2014/15) These percentages all refer to “grad survey respondents” after graduating in 2015. • 77% of full-time MBA students that graduated (in spring 2015) were employed within 3 months of graduation.
• 91% of full-time MBA graduates indicated that their post-graduate employment met or exceeded their expectations. • $82,122 = the average graduate salary for full-time MBA students. • 58% of Evening and Executive MBA graduates received partial or full sponsorship from their employer to complete the MBA. • 67% of Evening and Executive MBA graduates took or plan to take a new job within one year of completing their MBA. • 73% of first year full-time students looking for a summer internship were able to secure a position.
INDUSTRY OF EMPLOYER’S MAIN BUSINESS 19%
Consulting 7%
Consumer Products
16%
Financial Services 7%
Government Manufacturing
2% 21%
Other 9%
Petroleum / Energy Pharmaceutical / Biotechnology / Health Care
5% 7%
Real Estate 5%
Technology No Data
2%
Percentage of Total Positions
ANNUAL REPORT
19
PROFESSIONAL FUNCTION OF GRADUATES’ CURRENT POSITIONS 14%
Consulting Finance / Accounting
Percentage of Total Positions
9% 2%
General Management
7%
Information Technology
19%
Marketing / Sales 2%
Media / Entertainment
37%
Operations / Logistics Other
5%
No Data
5%
GEOGRAPHIC LOCATION OF GRADUATES Africa
2%
6
Alberta
70%
Asia
2%
Europe
2% 16%
Rest of Canada USA
2%
No Data
6%
Percentage of Total
CASE COMPETITIONS Teams representing the Alberta School of Business competed in eight external case competitions across Canada and organized the traditional fall and winter internal competitions. Haskayne Ivey Leadership Case Competition February 26-28, 2015 Sandra Pelchat, Luca Petryshyn, Dana Marsh, Olalekan Oladokun
1 Place st
Haskayne 24 Hour Case Competition March 4-7, 2015 Alykhan Sumar, Gurpreet Othee, Bogdan Nastase, Apparjit Ashta
3 rd Place
Leeds Net Impact Case Competition February 20-21, 2015 Alykhan Sumar, Dana Marsh, Bogdan Nastase, Adediran Adejumo
Top 25 of 120 teams Energy in Emerging Markets Case Competition – Fuqua School of Business November 10, 2015 Angela Clay, Olalekan Oladokun, Achint Malhotra, Oluwatobi Adelakun RMA Sobey School of Business Credit Risk Case Competition February 19, 2015 Jackie Quang, Dan Cerchia, Brendan Ghag
Rotman Net Impact CSR Case Competition January 31, 2015 Alykhan Sumar, Dana Marsh, Bogdan Nastase, Apparjit Ashta HEC Montréal Sustainability Challenge March 20, 2015 Vikas Poni, Adam Lowe, Zainul Abedin, James Gaby SFU Net Impact Sustainability Case Competition April 18, 2015 Yusup Hojanepesov, Avnir Sran, Doran Walker, Gregory Hussey
20
ALBERTA SCHOOL OF BUSINESS
// 2014/2015
Doctor of Philosophy in Business Program: PhD ASSOCIATE DEAN
(PHD PROGRAM)
5 72
FINANCIAL TIMES RANKING
TH
in Canada
David Deephouse, PhD
48
TH
ND
Globally
AMONG PUBLICALLY FUNDED UNIVERSITIES
The Doctor of Philosophy (PhD) in Business program at the University of Alberta offers majors in several areas and attracts outstanding students from Canada and around the world. High quality research scholars make substantial contributions over their careers to academic knowledge and students’ understanding of business. The Doctor of Philosophy in Business program offers majors in Accounting, Finance, Operations and Information Systems, Marketing, and Strategic Management and Organization, including macro and micro organizational behavior.
ANNUAL REPORT
162 ALBERTA PhDs worldwide 57 STUDENTS in the program (AS OF SEPTEMBER 2015)
10 NEW STUDENTS in the 2014/15 year: MALE vs FEMALE
CANADIAN vs INTERNATIONAL
NEW STUDENTS
NEW STUDENTS
BUSINESS DOCTORAL ASSOCIATION (BDA)
2014/15 INAUGURAL YEAR President: Virginia Weber VP Governance & Finance: Hooman Hidaji
40% Male
60% Female
60% International 40% Canadian
90% of full-time students pass their final defense within 6 years of beginning the PhD program. 11 students graduated from the Alberta PhD in the past year and received academic placements in Canada (4), the United States (6), and China (1).
STUDENT ACHIEVEMENTS: ONNOLEE NORDSTROM
NICOLE WILSON
• Babson College Bertarelli Family Best Paper Award at BCERC-IVEY Conference
• SSHRC Doctoral Fellowship 2014/15
• Best Paper Proceedings, Academy of Management
• President’s Doctoral Prize of Distinction 2014/15
AMIR RASTPOUR • First Prize in the Canadian Operational Research Society Graduate Student Paper Competition
VP Internal: Dasha Smirnow VP Operations & Space: Abiodun Ige VP Networking & Student Life: Behnam Torabi VP Student Support: Xiaoshuang Lin
21
22
ALBERTA SCHOOL OF BUSINESS
// 2014/2015
Executive Education ASSOCIATE DEAN
(EXECUTIVE EDUCATION)
In addition to our business degrees, the Alberta School of Business offers management training and leadership development programs through the Executive Education program. Executive Education specializes in certificate programs and short courses designed to support individual and organizational growth through continuous professional development. With clients across all industries and sectors, Executive Education offers over 50 programs and forums per year. Executive Education operates out of both Edmonton and Calgary to serve the Alberta and Canadian marketplace.
FINANCIAL TIMES RANKING
Heather Christensen, BA, MBA
6 65 3 70
OPEN ENROLMENT PROGRAMS
TH
in Canada
TH
Globally
CUSTOM PROGRAMS
RD
in Canada
TH
Globally
ANNUAL REPORT
OPEN ENROLMENT PROGRAMS are offered to individuals through practical and applicable sessions designed to develop and strengthen knowledge and skills of today’s business professionals. CUSTOM PROGRAMS are crafted specifically for each organization to create a wide reaching transformational shift. From employee engagement to organizational development, Executive Education’s Custom Programs help address the real and deep issues that organizations face now and in the future.
23
OVERVIEW:
NEW PROGRAMS:
• Started 28 years ago by Dean Rodney Schneck, Executive Education initially offered programs solely for the Government of Alberta. Since that time, and particularly in the last eight years, programs and registrations have expanded far beyond the government to reach a wide variety of industries and individuals. Some of Executive Education’s newest clients include FGL Sports, Keller Construction, Alberta Energy Regulator and the National Energy Board.
• Rozsa Arts Management Program —offered with the sponsorship and support of the Rozsa Foundation, providing professionals working in Alberta’s arts and culture community with a specific knowledge and understanding of current best practices in board governance, strategic and audience development, human resources and finance.
• Of the 6,000+ registrations in the 2014/15 year, 2,000 were Government of Alberta employees, making up 28% of Executive Education’s revenue for the year. • Executive Education consists of a team of 20 employees working with over 100 instructors to offer 50+ programs, 16 certificate programs, and 35+ short courses in Edmonton, Calgary, and Grande Prairie. • Executive Education achieved an all-time high revenue of $7.127 million in fiscal year 2014/15, up 14% from $6.242 in 2013/14.
MALE vs FEMALE
STUDENTS
50% Male
50% Female
• Indigenous Partnership Development Program (IPDP) —launched in January 2015 in partnership with the Faculty of Native Studies and with the support of Stantec as a founding donor, the IPDP assists non-Indigenous business and public sector employees to communicate and collaborate alongside Indigenous communities with greater mutual understanding. • HR Executive Program—developed in collaboration with the Human Resources Institute of Alberta (HRIA), the HR Executive program is aimed at senior HR professionals with the goal to further develop strategic approach and roles within human resources management.
24
ALBERTA SCHOOL OF BUSINESS
// 2014/2015
Research & Faculty Achievements ASSOCIATE DEAN
(RESEARCH)
3 31 FINANCIAL TIMES RANKING
RD
in Canada
Michael Lounsbury, PhD Canada Research Chair in Entrepreneurship and Innovation
$2,650,522
TOTAL RESEARCH DOLLARS
awarded to Alberta School of Business faculty (internal and external sources of funds)
HIGHLIGHTS: • Michael Lounsbury – Named one of Thompson Reuters’ Most Influential Scientific Minds, 2015. Awarded a Tier 1 Canada Research Chair (CRC) in Entrepreneurship and Innovation in 2014; a $1.4 million award accredited over seven years accompanies this designation.
14
TH
ST
Globally
AMONG PUBLICALLY FUNDED UNIVERSITIES
• Armann Ingolfsson – Recipient of a 2014-2015 McCalla Professorship. • David Cooper – Awarded an Honorary Degree from Université Paris (Dauphine) in 2015. • Royston Greenwood and Bob Hinings – Recipients of the Inaugural Pasmore-Woodman Award of the Organizational Development and Change Division, Academy of Management 2015. • Royston Greenwood – Named one of Thompson Reuters’ Most Influential Scientific Minds in 2014 and 2015. • Joel Gehman – Recipient of the 2015 Petro Canada Young Innovator Award.
• Jennifer Argo – Appointed President of the Society for Consumer Psychology 2015. • Vern Glaser – New Assistant Professor welcomed to the Department of Strategic Management and Organization 2014. • Jennifer Jennings – Received Best Paper Award, Diana International Research Conference 2015. • Joel Gehman and Matthew Grimes – received the People’s Choice Award at the 7th Annual Alliance for Research on Corporate Sustainability (ARCS) Conference.
ANNUAL REPORT
RECENT PUBLICATIONS IN LEADING JOURNALS (21) Finch, D., Deephouse, D.L., & Varella, P. (2015). Examining an Individual’s Legitimacy Judgment Using the Value-Attitude System: The Role of Environmental and Economic Values and Source Credibility. Journal of Business Ethics, 127(2): 265-281 Garud, R., Gehman, J., & Karunakaran, A. (2014). Boundaries, Breaches, and Bridges: The Case of Climategate. Research Policy, 43(1): 60-73 Lounsbury, M., & Beckman, C.M. (2015). Celebrating Organization Theory. Journal of Management Studies, 52(2): 288-308 Hayami, H., Nakamura, M., & Nakamura, A.O. (2015). Economic Performance and Supply Chains: The Impact of Upstream Firms’ Waste Output on Downstream Firms’ Performance in Japan. International Journal of Production Economics, 160, 47-65 Samorani, M., & LaGanga, L.R. (2015). Outpatient appointment scheduling given individual day-dependent noshow predictions. European Journal of Operational Research, 240(1): 245-257 Dempsey, D., & Jennings, J. (2014). Gender and Entrepreneurial SelfEfficacy: A Learning Perspective. International Journal of Gender and Entrepreneurship, 6(1): 28-49 Silva, E.C.D. (2014). Selective Decentralized Leadership. Journal of Urban Economics, 83: 1-5 Cavazos, D.E., Patterson, K.D.W., & Washington, M. (2014). Patterns of Enforcement: Examining the Interplay between Firms, Media and Regulators. International Journal of Business Environment, 6(3): 223-245
White, K., Simpson, B., & Argo, J.J. (2014). The Motivating Role of Dissociative Out-Groups in Encouraging Positive Consumer Behaviors. Journal of Marketing Research, 51(4): 433-447 Fisher, R., & Ma, Y. (2014). The Price of Being Beautiful: Negative Effects of Attractiveness on Empathy for Children in Need. Journal of Consumer Research, 41(2): 436-450 Buckeridge, D.L., Charland, K., Labban, A., & Ma, Y. (2014). A Method for Neighborhood-Level Surveillance of Food Purchasing. Annals of the New York Academy of Sciences, 1331, 270-277 Schneider, T., & Na, S. (2014). The Use of “Lucky” Numbers in the Pricing of Chinese A-Share Initial Public Offerings. International Research Journal of Applied Finance, 5(7): 959-969 Wry, T., Lounsbury, M., & Jennings, P.D. (2014). Hybrid Vigor: Securing Venture Capital by Spanning Categories in Nanotechnology. Academy of Management Journal, 57(5): 1309-1333 (2014 Academy of Management Journal Best Paper Award Finalist) Mashruwala, C., & Mashruwala, S. (2014). Is There a “Torpedo Effect” in Earnings Announcement Returns? The Role of Short-Sales Constraints and Investor Disagreement. Journal of Accounting, Auditing & Finance, 29(4): 519-546 Moore, S.G., & Fitzsimons, G.J. (2014). Yes, We Have No Bananas: Consumer Responses to Restoration of Freedom. Journal of Consumer Psychology, 24(4): 541-548 Garud, R., Gehman, J., & Giuliani, A.P. (2014). Contextualizing Entrepreneurial Innovation: A Narrative Perspective. Research Policy, 43(7): 1177-1188
25
Hamilton, R.W., Thompson, D.V., Arens, Z.G., Blanchard, S.J., Häubl, G., Kannan, P.,… & Thomas, M. (2014). Consumer Substitution Decisions: An Integrative Framework. Marketing Letters, 25(3): 305-317 Miller, D., Xu, Xiaowei, X., Mehrotra, V. (2015). When is human capital a valuable resource? The performance effects of Ivy League selection among celebrated CEOs. Strategic Management Journal, 36(6): 930-944 Moore, S.G. (2015). Attitude Predictability and Helpfulness in Online Reviews: The Role of Explained Actions and Reactions. Journal of Consumer Research 42(1): 30-44 Noseworthy, T.J., Di Muro, F., & Murray, K.B. (2014). The Role of Arousal in Congruity-Based Product Evaluation. Journal of Consumer Research 41(4): 1108-1126 Rothenberg, N.R. (2015). Communication and Information Sharing in Teams. The Accounting Review, 90(2): 761-784 *an additional 22 publications are forthcoming in 2015
Assistant Professor JOEL GEHMAN’S paper “Values Work: A Process Study of the Emergence and Performance of Organizational Values Practices” is still among the Top 50 Most-Read articles in the Academy of Management Journal 18 months after publication.
26
ALBERTA SCHOOL OF BUSINESS
// 2014/2015
International Connections International outreach has been active at the Alberta School of Business since 1984, assisting in the academic development of foreign partners and delivering customized management training programs to corporate and government leaders in China and India. The school also has a vibrant international student community with international students accounting for 66% of the full-time MBA student body and 19% of the undergraduate population in 2014. Undergraduate and graduate students are also able to participate in a variety of exchange programs and study tours to further their international exposure and foster greater cultural awareness.
ASSOCIATE DEAN
(INTERNATIONAL)
HIGHLIGHTS: • Between 2000 and 2015, 1,981 undergraduate and graduate students have participated in international exchanges, internships, co-op placements, and study tours, including 179 students in 2014/15. • 5% of undergraduate students participated in for-credit international activities in 2014, compared with the Canadian average of 2.6%.
Edy Wong, PhD Director, Centre for International Business Studies
• 19% of MBA students participated in for-credit international activities in 2014.
TOTAL NUMBER OF BUSINESS STUDENTS PARTICIPATING IN INTERNATIONAL PROGRAMS NUMBER OF PARTICIPANTS IN 2014/15
TOTAL NUMBER OF PARTICIPANTS BETWEEN 2000 and 2015
Exchanges
TOTAL
TOTAL
179
International Internships
1,981
International Co-op Programs International Study Tours
881 67
112
122
1,026 22
ANNUAL REPORT
27
The Alberta School of Business has 38 PARTNER INSTITUTES around the world and continues to develop new partnerships every year. Thailand
France
Chile
United Kingdom
Germany Italy Austria
Hong Kong
Turkey
Korea Japan
Sweden
Spain
United Kingdom Spain
Countries represented from an outgoing international exchange Countries represented from an incoming exchange (students hosted by the Alberta School of Business)
Japan France Belgium Columbia Chile
China
Germany
India
Denmark Italy
Turkey Sweden Austria
Thailand
Korea Hong Kong
NOTABLE INTERNATIONAL EVENTS In the spring of 2015, 12 undergraduate students and 100 MBA students participated in study tours, travelling to China, Japan, Korea, Germany, the Netherlands and Brazil. These tours combined pre-trip lectures and an individual research paper with international company visits, lectures and cultural site visits. The course allowed students to learn first-hand about local business and cultural practices while developing a keener sense of the challenges and opportunities of globalization.
Canada India Energy Forum – Calgary, AB – July 17-18, 2014
Building Competencies for the China Market – Edmonton, AB – March 5, 2015
Representatives of major Indian energy companies, senior managers of Canadian energy companies and representatives of the Government of Alberta explored opportunities for collaboration in the energy sector.
Delivered in partnership with the Ministry of International and Intergovernmental Relations, this one-day seminar focused on Asia Competence for the China market and how closely inter-cultural competence correlates to success in international business.
Master of Financial Management (China) Graduation – Edmonton, AB – October 2014 Students in the MFin (Mgmt) China program attended the capstone course at the Alberta School of Business, followed by a graduation celebration for the inaugural class of the University of Alberta’s first overseas degree program.
Eldon Foote Lecture in International Business – Edmonton, AB – September 17, 2014 “China’s Transformation and its Global Implications”: Dr. Xiang Bing – Professor of China Business and Globalization, Cheung Kong Graduate School of Business (CKGSB) was the keynote speaker.
28
ALBERTA SCHOOL OF BUSINESS
// 2014/2015
Alumni Network The Business Alumni Association (BAA) represents the more than 26,000 graduates from the BCom, MBA, and PhD programs at the Alberta School of Business. The goals of the alumni include promoting the continued interest of all graduates in the school, encouraging the best candidates to attend the University of Alberta School of Business and providing a support network for students and graduates. The BAA accomplishes these goals through events, student scholarships, mentorship programs and by recognizing outstanding alumni achievements.
26,000+ alumni 22,751 BCom 3,927 MBA 162 PhD
The BAA is a strong partner of the Alberta School of Business and plays a significant role in promoting the work of the school, its students and alumni. During the course of the academic year, alumni provide financial and moral support to undergraduate and graduate students in the school. Alberta School of Business alumni are currently living in 80 countries around the world, including:
Malaysia United States Mexico
Breakdown of Alberta School of Business alumni across Canada:
Alberta: 86% British Columbia: 7% Ontario: 5% Saskatchewan: 1% Other: 1%
France Bermuda
United Kingdom
Switzerland Germany
Singapore United Arab Emirates
Hong Kong South Korea
China
Japan Australia
New Zealand
ANNUAL REPORT
2014/15 BAA BOARD OF DIRECTORS AND BRANCH REPRESENTATIVES JESSA ACO ’14 BCom BAA Vice President Senior Associate PwC Edmonton TOBI ADELAKUN President, MBA Association Alberta School of Business BIANCA BARRY President, Business Students’ Association Alberta School of Business ROSS BRADFORD, ’79 LLB, ’85 MBA Faculty Representative Alberta School of Business SHRADDHA BRAHMBHATT, ’11 MBA Analyst, Market Fundamentals Department of Energy Government of Alberta CHARLENE BUTLER, ’09 MBA Alumni Council Representative President Butler Business Solutions Ltd CHRIS CARR, ’04 BCom Director and Management Consultant SAO | Strategy, Analytics and Operations Consulting ADAM COOK, ’05 BCom BAA Past President Corporate Controller Landmark Group of Builders ANDREI DMITRIEV ’09 MBA Business Development Manager McCoy Global Inc
JAMI DRAKE Manager, Alumni Programs Alberta School of Business BREANNE FISHER, ’12 BCom Marketing Coordinator, Optimum Mortgage Canadian Western Bank KELLY GIBBON, ’06 MBA Director / Principal
BRANCH REPRESENTATIVES CALGARY HOLLY TOMTE ‘03 BCom Advisor, Investment Review Enbridge
HONG KONG
Royal Park Realty
TREVOR MAK, ’84 MBA, ’82 BCom
IVOR LEE, ’02 BCom
Head of Relationship Management for Hong Kong
BAA Treasurer Vice President Finance Regimen Partners QUEENIE LUNG ’03 BCom Partner and CFO GEC Architecture DEEPA MAISURIA, ’07 BCom BAA President
The Standard Chartered Private Bank
NEW YORK ROCHELLE ESTOQUE, ’14 BCom Financial Analyst, Capital Markets Avison Young
OTTAWA LEE CLOSE, ’85 BCom
Independent Consultant
Vice-President, Transaction Advisory Services
LINDSAY MARSHALL ’05 BCom
Ernst & Young LLP
Marketing Consultant
SAN FRANCISCO
Metro Continuing Education Edmonton Public Schools LOREN MILLER, ’12 MBA Senior Manager, Connections ATB Financial ASHTON PAULITSCH, ‘12 BCom Principal Paulitsch Smith Group KIERSTIN SMYTH, ’09 BCom BAA Secretary Interior Design Consultant Kierstin Smyth Design MARISSA WARSHAWSKI, ’12 MBA Western Management Consultants
MELYNNIE RIZVI, ‘95 BCom Senior Corporate Counsel Symantec
TORONTO RYAN PAYNE, ‘08 BCom Creative Business Consultant Ryan Payne Design
VANCOUVER ALVIN CHOW, ’91 BCom Director, Integrated Advertising Western Canada
Postmedia/Integrated Advertising
VICTORIA BRENDA YANCHUK, ’89 MBA Bank of Montreal Harris Private Banking
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30
ALBERTA SCHOOL OF BUSINESS
// 2014/2015
EXTERNAL ENGAGEMENT:
Alumni, Student & Community Events Stampede Breakfast Ceili’s Irish Pub
23rd Annual Henry Singer Awards
Annual Undergraduate Awards Ceremony and Luncheon
Calgary, AB July 9, 2014
Awarded to Mark Wolverton, CEO of LUSH Cosmetics
50 Years of RMBS: Reconnect, Relive, Remember
Edmonton, AB October 8, 2014
Edmonton, AB January 24, 2015
14th Annual Report to the Community
BAA Walking Dish Crawl Dinner
Yellowhead Brewery Edmonton, AB August 14, 2014 Get Fringed & Confused with the BAA! Edmonton International Fringe Theatre Festival Edmonton, AB August 21, 2014 BAA Annual Golf Tournament – The CPA Cup Windermere Golf and Country Club Edmonton, AB September 3, 2014 W. Brett Wilson – Redefining Success: Still Making Mistakes University of Alberta Edmonton, AB September 8, 2014 Commerce Class of ’64 Dinner Edmonton, AB September 18, 2014 Alumni Weekend Open House and BBQ University of Alberta Edmonton, AB September 20, 2014
Shaw Conference Centre
Enterprise Square Edmonton, AB October 22, 2014 Alberta Business Family Institute Signature Event 2014 Celebrating the Hutchinson Family, of Daytona Homes as a leader in family business The Westin Calgary Calgary, AB October 28, 2014
Empire Ballroom, Fairmont Hotel MacDonald
Cavern, The Burg, and Jacek Chocolate Couture Edmonton, AB February 10, 2015 Annual MBA Awards Ceremony and Dinner Stollery Executive Development Centre Edmonton, AB February 12, 2015
The Westin Edmonton Edmonton, AB October 30, 2014
Rocky Mountain Business Seminar (RMBS) 2015: Honour the Past. Embrace the Experience. Shape the Future.
BAA Dinner – Winspear Centre
The Fairmont Jasper Park Lodge
Special Guest Bindi Karia, ’94 BCOM, Vice President Silicon Valley Bank Edmonton, AB November 6, 2014 BAA Paint Nite Ed’s Rec Room Edmonton, AB November 27, 2014 An Evening in the Bears’ Den University of Alberta Edmonton, AB January 10, 2015
Jasper, AB February 17, 2015 CBC Dragon’s Den Audition Tour – Open Audition University of Alberta Edmonton, AB February 21, 2015 34th Annual Canadian Business Leader Award Dinner Awarded to Larry Pollock, President and CEO (retired), Canadian Western Bank Shaw Conference Centre Edmonton, AB March 5, 2015
5 Days for the Homeless University of Alberta Edmonton, AB March 8-13, 2015 Visit from former Alberta Premier Jim Prentice University of Alberta Edmonton, AB March 24, 2015 Calgary Energy Panel Luncheon Calgary Petroleum Club Calgary, AB May 7, 2015 It’s a Fiesta! 2nd Annual BAA Showcase El Cortez Cantina Edmonton, AB May 14, 2015 MBA Alumni 4th Annual Pecha Kucha Night Snow Valley Ski Club Edmonton, AB June 4, 2015 4th Alberta Institutions Conference: “How do Institutions Matter?” Banff Springs Hotel Banff, AB June 12-14, 2015 Business Alumni Association Annual General Meeting and Reception Fairmont Hotel Macdonald Edmonton, AB June 16, 2015
ANNUAL REPORT
ERIC GEDDES LECTURE SERIES
RETAIL WEEK (Edmonton, AB, October 6-10, 2014): Organized by the School of Retailing, this is the largest student run retailing event in Canada, with the intent to change the perception of the retailing sector through industry engagement. The event generated over 4 million Twitter impressions during the course of the week.
THOUGHT LEADERSHIP WEEK (Edmonton, AB, March 4-6, 2014): 130 guests from across the country came to attend the sold out first annual THOUGHT LEADERSHIP CONFERENCE. The event brought together industry executives and academics from the Alberta School of Business in a series of engaging panel discussions to explore how business research impacts the retailing sector.
The Geddes Lecture Series features leaders from both the private and public sectors, in addition to bringing some of Alberta’s worldclass researchers and their findings to the community, with the goal of promoting awareness and discussion on timely, impactful, and relevant business topics. The Eric Geddes Breakfast Lectures are an excellent networking opportunity and the Q&A session following the presentation is wide-open for learning and discussion.
Getting Over Thresholds of Growth: Panel on Small and Medium Enterprise Governance EDMONTON, AB – October 2, 2014 Naseem Bashir, President, Williams Engineering Canada, Chairman of the Board for the Williams Group of Companies Tom Redl, President, Chandos Construction Ltd. John Radostits – Former owner of IGA and part owner of Hudsons Taphouse
Leadership and Managing Change: Why Leaders Must Get Real EDMONTON, AB – November 18, 2014 Margot Ross-Graham, Principle, Sandbar Coaching and Consulting and Workplace Columnist for CBC Radio’s Edmonton morning show Marvin Washington, Associate Professor, Alberta School of Business and Adjunct Professor, Faculty of Physical Education and Recreation at the University of Alberta Moderated by Dean Joseph Doucet
Discussion on Leadership EDMONTON, AB – January 13, 2015 The Right Honourable Kim Campbell, PC, CC, OBC, QC, Founding Principle, Peter Lougheed Leadership College, University of Alberta The Honourable Anne McLellan, Senior Advisor, Bennett Jones LLP, Public Policy Group Ruth Kelly, President and Publisher, Venture Publishing Inc
31
32
ALBERTA SCHOOL OF BUSINESS
// 2014/2015
Unprecedented Times: Real Time Perspectives CALGARY, AB – February 6, 2015 Bruce Rigal, former Global CEO of Deutsche Bank’s Human Resources Division in London, UK David Tims, Managing Director, RBC Capital Markets Moderated by Deborah Yedlin, Business Columnist, Calgary Herald
Fostering Innovation and Technological Entrepreneurship EDMONTON, AB – February 12, 2015 Tony Briggs, Assistant Professor, Alberta School of Business, University of Alberta Chris Lumb, CEO, TEC Edmonton
Unification of Alberta’s Accounting Bodies into the New CPA Designation EDMONTON, AB – March 19, 2015 Rachel Miller, FCA, CEO, and Executive Director of the ICAA and CEO of the Alberta Accountants Unification Agency Honourable David Dorward, Associate Minister of Aboriginal Relations Leland Oberst, ’91 BCOM, Managing Partner, Deloitte & Touche LLP
Alberta’s Economic Future EDMONTON, AB – April 7, 2015 Chris Fowler, President and CEO, Canadian Western Bank Barry Scholnick, Professor, University of Alberta
Vision for Edmonton: Building a Vibrant and Inclusive City EDMONTON, AB – MAY 12, 2015 Mayor Don Iveson, City of Edmonton
2015 CANADIAN
BUSINESS LEADER AWARD (CBLA) On March 5, 2015, more than 800 people gathered at Edmonton’s Shaw Centre to celebrate the achievements of Larry Pollock, former CEO of Canadian Western Bank. Each year since 1982, the Alberta School of Business and its Business Advisory Council (BAC) have presented the Canadian Business Leader Award to a Canadian of distinction. CBLA recipients are individuals who have demonstrated leadership, business acumen and success, an entrepreneurial spirit, integrity and a commitment to the community. The selection committee is comprised of members of the BAC, as well as students, faculty and alumni.
ANNUAL REPORT
FINANCIALS
Director, Finance and Administration: Trevor Mireau, CMA, MBA
ALBERTA SCHOOL OF BUSINESS STATEMENT OF SOURCES AND USES OF FUNDS %
%
23,998
48
23,208
47
Differential Fees, Modifiers and Tuition (MBA + UG)
8,039
16
6,653
14
Non-degree Executive Development Programs1
7,102
14
6,243
13
Additional Masters Programming2
2,236
5
2,053
4
12,466
25
3,852
8
Less: Endowed Contributions4
(10,702)
-22
(2,400)
-5
Research Grants, Contracts and General Centre Revenues
2,821
6
5,017
10
Endowment Income
3,011
6
2,955
6
749
2
1,607
3
49,721
100%
49,189
100%
Academic Salaries and Benefits
22,217
45
21,357
43
Direct Program Expenses (including Student Support)
15,886
32
13,516
28
Direct Research Expenses and Centre Costs
4,074
8
5,346
11
University Services
6,750
13
6,810
14
794
2
2,106
4
49,721
100%
49,189
100%
Revenue (Operating + Restricted) University Allocation for Teaching/Research
Fundraising Gifts and Contributions
3
2014-15 $ (000’s)
HIGHLIGHTS: 2013-14 $ (000’s)
Other Total Revenue
Expenditures (Operating + Restricted)
Transfer to/from Reserves Total Expenditures
33
NOTES: 1 Executive Education Program 2 EMBA, Ft. McMurray MBA, MFin Calgary, MFin China programs 3 Fundraising gifts include sponsorships 4 Endowed contributions include $8.422M of one-time funding from the “Access to the Future” government matching program
• School ended fiscal period with another surplus which was transferred to reserves • Receipt of $8.4 million dollar matching grant from the Government of Alberta added to the School’s endowment • Market value of School’s endowment reached its highest level, over $100 million • Record Executive Education revenue— surpassed $7 million for the first time
34
ALBERTA SCHOOL OF BUSINESS
// 2014/2015
DONORS & GIVING Thank you to all those who have supported the Alberta School of Business in the fiscal year 2014-2015.
GIVING BY GROUP
Total funds raised for Fiscal Year April 1st 2014 – March 31st 2015:
$2,019,193
*
Alumnus/a
$
1,092,309
Friend
$
6,739
Company
$
425,304
Foundation
$
480,561
Staff/Faculty
$
14,280
Other
$73,475 // 4%
Teaching & Research
1,217 ALUMNI
$803,020 // 40%
CONTRIBUTED A TOTAL OF
$1,092,309
Learning Environment Enhancement
$98,465 // 5%
AREAS GIVEN TO
General Use
$188,971 // 9% Scholarships, Awards & Bursaries
Student Support
$511,617 // 25%
WHERE ARE OUR DONORS ARE
British Columbia
$343,645 // 17%
Ontario
5% Other Canada
1%
International
4%
9%
45% Calgary 19% Other Alberta 17%
Edmonton
*Total funds raised include payments and gifts, and do not equal the Fundraising Gifts and Contributions on the Statement of Sources and Uses of Funds due to revenue recognition policy differences across operating versus restricted funds.
ANNUAL REPORT
35
BUSINESS ADVISORY COUNCIL The Business Advisory Council was established in 1980 with a mandate to strengthen business and management education at the University of Alberta by offering leadership and advice to the Alberta School of Business and its executive team. The council serves as a vital communications link between the school, the university and the business community. Through the council’s efforts, we gain a better understanding of business in Alberta, Canada and the world. DAVE MOWAT Business Advisory Council Chairman President and CEO
TERRY FREEMAN Chairman and CEO
ATB Financial
Edmonton, Alberta
Houston, Texas
ERIC AXFORD Executive Vice President Business Services
CYNTHIA HANSEN Senior Vice President, Enterprise Safety & Operational Reliability
MICHAEL LANG Chairman
Suncor Energy Inc
Enbridge Inc
Calgary, Alberta
Calgary, Alberta
Calgary, Alberta
ROBERT BORRELLI, CA, CFA, CBV Office Managing Partner
GAIL HARDING, QC, ICD D Senior Vice President, General Counsel, and Corporate Secretary
Edmonton, Alberta
KPMG Edmonton, Alberta JEFF BOYD Regional President, Alberta and the Territories
Corrosion & Abrasion Solutions Ltd
Canadian Western Bank Calgary, Alberta BRIAN HEIDECKER Chair Emeritus
RBC Royal Bank
Board of Governors
Calgary, Alberta
Edmonton, Alberta
J LORNE BRAITHWAITE
PAUL INGRAM President
Park Avenue Holdings Ltd Thornhill, Ontario COURT CARRUTHERS Independent Director Lake Forest, Illinois JOSEPH DOUCET, PHD, ICD D Stanley A Milner Professor and Dean Alberta School of Business, University of Alberta Edmonton, Alberta
Silverberg Group Edmonton, Alberta RICHARD JENKINS Chairman and Managing Director Black Creek Investment Management Inc Toronto, Ontario RUTH KELLY President and Publisher Venture Publishing Inc Edmonton, Alberta
JENNIFER KOURY Vice President, Human Resources
BRIAN POHL Partner
BHP Billiton Petroleum
London, United Kingdom
StoneBridge Merchant Capital Corp
BRETT MARCHAND CEO Cossette Communication Inc Toronto, Ontario LINDA MCCURDY President and CEO K-Bro Linen Systems Inc
Orthus Partners LLP
JOHN C POON, JP Managing Director Broad Venture International Limited Hong Kong BARRY SCHOLNICK Professor, Department of Marketing, Business Economics & Law Alberta School of Business Edmonton, Alberta FRED SINGER Chairman
Edmonton, Alberta
Henry Singer Fashion Group Ltd
AMIT MONGA, PHD Executive Professor of Finance
Edmonton, Alberta
Alberta School of Business Toronto, Ontario LELAND OBERST, CA Managing Partner, Edmonton Deloitte Edmonton, Alberta DONALD OBOROWSKY President and CEO Waiward Capital Ltd / Obcorp Holdings Inc Edmonton, Alberta
DAVID TIMS Managing Director, Fixed Income and Currencies RBC Capital Markets Vancouver, British Columbia BRIAN VAASJO President and CEO Capital Power Corporation Edmonton, Alberta KIM WARD President Interward Asset Management Limited Toronto, Ontario
business.ualberta.ca
