annual review 2005/2006
DESCRIPTION
ROI: Reputation, Opportunity, Innovation - Alberta School of Business Annual Review for the 2005/2006 yearTRANSCRIPT
C E L E B R A T I N G 9 0 Y E A R S
Hu Harries
• OurfirstDeanwhointroducedstudent-runrodeos.
• AchievedFacultystatusin1960.
• Dean,FacultyofBusiness,1960–1968.
• TheMBAprogrambeganin1964.
• AACSBaccreditationwasfirstachievedin1968.
r e p u t a t i o n . . . . . . . . . . . . . . . . 2retailing................................................................................................................ 4
familybusiness................................................................................................... 7
corporategovernance........................................................................................ 7
accounting........................................................................................................... 9
programs............................................................................................................ 10
alumni................................................................................................................ 13
o p p o r t u n i t y . . . . . . . . . . . . 1 4energy................................................................................................................. 16
China.................................................................................................................. 18
lifelonglearning................................................................................................ 19
executivesinresidence................................................................................... 20
investinginpeople........................................................................................... 21
jobstoexperience............................................................................................. 22
acaseforcompetition..................................................................................... 23
i n n o v a t i o n . . . . . . . . . . . . . 2 4entrepreneurship.............................................................................................. 26
centresofinnovation....................................................................................... 28
socialentrepreneurship................................................................................... 29
spiritanddedication........................................................................................ 30
technologytransfer......................................................................................... 31
strategicpartnerships...................................................................................... 32
celebratingleadership..................................................................................... 33
ANNUAL REVIEW 2005 / 2006
r e p u t a t i o nT H E U N I V E R S I T Y o f A L B E R TA was
established in 1908 with a prairie vision and the insight to
foresee a world-class University on an isolated prairie with
a sparse population.
The University of Alberta School of Business began in 1916
with six students. Today, 90 years later, almost 20,000
students have passed through our doors.
Our students and alumni remain the greatest testament to
the enduring reputation of the Alberta School of Business.
“The Alberta School of Business is an exciting place to be right now. We
continue to attract spirited and gifted students in a competitive marketplace.
We’ve been able to recruit energetic and talented new faculty who excel at both
research and teaching. And we have exceptional mentors in our alumni and
senior faculty as well as an incredibly supportive business community.”
Mike Percy, Stanley A Milner Professor and Dean
Alberta School of Business
The Alberta School of Businessremainsundisputedlyoneofthebest
businessschoolsinCanada.In2006,theSchoolwasagainaccredited
bythepremierinternationalcreditingbody,whichistheAssociation
toAdvanceCollegiateSchoolsofBusiness(AACSB).Firstaccreditedin
1968weremainthe longestcontinuallyaccred-
itedbusinessschoolinCanada.TheAlberta
SchoolofBusinesshasalsoreceivedmore
3MTeachingAwards–Canada’stopaward
for undergraduate teaching excellence –
thananyotherbusinessschoolinCanada.
In the 2006 Financial Times of London rankings of
globalbusinessschools,ourMBAprogramisinthetop100.Inresearch,
werank in the top50globally,whichmeans thatweareamongthe
top25publiclyfundedbusinessschoolsglobally.Wealsorankinthe
top seven globally in economics making us the only Canada busi-
nessschooltoplaceinanyofthe“topten”categoriesidentifiedbythe
Financial Times.
Tobuildonour increasingcapacity inappliedretailingresearchand
programdelivery,theAlbertaSchoolofBusinessispleasedtoannounce
theestablishmentoftheAlbertaSchoolofRetailing.
TheAlbertaSchoolofBusinessisalsoexcitedtobeopeninganoffice
inShenzhen,China.
The Alberta School of Business – a reputation well earned, highly
acknowledged,andgrowing. reta
ilin
g
“The Alberta School of Business is an exciting place to be right now. We
continue to attract spirited and gifted students in a competitive marketplace.
We’ve been able to recruit energetic and talented new faculty who excel at both
research and teaching. And we have exceptional mentors in our alumni and
senior faculty as well as an incredibly supportive business community.”
Mike Percy, Stanley A Milner Professor and Dean
Alberta School of Business
Playing a key role in advancing the School’s reputation
as the national leader in retailing research and
education is faculty member Jennifer Argo.
Jenniferisattheforefrontofanewresearcharea,redirectingthefield
ofconsumerbehaviourtowardsunderstandingsocialinfluenceandthe
impactoftouch–noconsumerisanisland.Inonlyherthirdyearwith
theSchool,JenniferhashadfourpaperspublishedintheFinancial Times
topjournals.
Jenniferjoinsanimpressivearrayofawardwinningcolleagues.Leadby
PaulMessinger,workiscontinuingononeofthelargestresearchgrants
ever receivedby theUniversityofAlberta;$865,000 tostudy theWeb
interactioncycleforCanadiancompetitiveness.
TheSchool’sresearchinretailingiscomplementedbytheCanadianIn-
stituteofRetailingandServices(CIRAS).Establishedin1992,CIRAShas
33industrypartners,offersaretailingcertificateprogram,supportsthe
BachelorofCommerceMajorinRetailingandServices,andhasaward-
edtheannualCIRASHenrySingerAwardto14outstandingleadersin
theretailingandservicessectors.The2005recipientwasRobertDutton,
President,RonaInc.
Retailing
reta
ilin
g
Jennifer Argo
6
Highest Honours
Our global reputation for research that is rigorous, recognized, and
relevant is the ongoing passion of Associate Dean Research Royston
Greenwood. Our research ranking of 25th globally among public
business schools is a testament to his leadership and performance alike.
Rewarding a remarkable career spanning over 40 years, Royston was
honoured in 2006 with the University of Alberta’s most prestigious
research prize – The J Gordin Kaplin Award for Excellence in Research
– for his impressive contributions to the research field of professional
service firms.
In honour of achieving outstanding distinction in each of
the areas of research, teaching, and service to the
community at large, Randall Morck was awarded
the prestigious “University Professor” designation
by the University of Alberta, one of the highest
honours a University can bestow.
School of Business Success Rate: 86%
University of Alberta Success Rate: 53%
The effects of economic structure, regional culture,
and the media on organization legitimacy and
reputation.
David Deephouse
Design of consumer product concept testing.
Adam Finn
A field perspective on nanotechnology path creation.
Michael Lounsbury and Royston Greenwood
Practitioner exchanges on e-retailing and
the web-interaction cycle.
Paul Messinger
Bidding wars and irrational bidding behaviour in
auctions.
Peter Popkowski and Gerald Hauebl
Does money grow on fees? The case of
credit card penalty fees.
Barry Scholnick and Nadia Massoud
Convertible debt
Heather Wier and Tom Scott
“I believe people need four key qualities to succeed in research. You need to have a clear focus, be
extremely nosey, a little obsessive, and lucky in the company you keep. The collegial atmosphere
at the School has been an important element to my research as well an incredible sequence of
Deans who understand that teaching has to be influenced by research.”
Royston Greenwood, TELUS Chair in Strategic Management
2006 recipient: J Gordin Kaplin Award for Excellence in Research
Randall Morck, Stephen A Jarislowsky Distinguished Chair in Finance
2006 recipient: University Professor
2006 SSHRC Research Grants
�
Family Business
Ten years ago, the Alberta School of Business made a strategic decision to focus
on Family Business and to develop this area as one of our key differentiators from
other business schools in Canada.
New for the fall of 2006 is a major for Bachelor of Commerce students in
Entrepreneurship and Family Enterprise, the first of its kind in Canada and unique to
the world. This initiative complements the teaching, research, and service activities
of the School’s Centre for Entrepreneurship and Family Enterprise (CEFE) and the
Alberta Business Family Institute. Lloyd Steier is the Director of CEFE; Jennifer
Jennings has played a key role in developing the Bachelor of Commerce major.
Corporate Governance
The Family Business focus also builds on our foundation of excellence in Corporate
Finance and Governance lead by Mark Huson, Vikas Mehrotra, and Randall
Morck. The School has incredible depth across all major disciplines and intriguing
interdisciplinary work is the beneficiary. Corporate Governance Around the World
– Family Business Groups to Professional Business Managers was edited by Randall
Morck and is now available from the University of Chicago Press.
Randall is the director of our Canadian Corporate Governance Institute, a research
associate with the National Bureau of Economic Research, consultant to World
Bank projects, and frequent guest lecturer at his alma mater, Harvard.
Jennifer Jennings and Lloyd Steier
8
2006 Global Rankings:Financial Times of London
ToP 100: Seven Canadian schools placed in the top 100 globally for
MBA programs with only two western universities, UBC and
Alberta, qualifying.
ToP �5:Our doctoral program finished 70th in the world. For
the second consecutive year, the joint Alberta/Haskayne
Executive MBA program was ranked among the top 75.
ToP 50: Our MBA program ranked in the top 50 for “value for
money.”
ToP 25: In research, we ranked in the top 50 which means that we
are among the top 25 publicly-funded business schools
globally.
ToP 10: Based on alumni interviews, the Alberta School of Business
ranked seventh globally in “best in economics” making us
the only Canadian business school to rank in any of the “top
ten” categories identified by the Financial Times.
We are particularly proud that the AACSB review committee
found us to have a climate of collaboration, a sense of
community, a place where people are happy to try and
exceed expectations.
Forbes Magazine has described AACSB International accreditation
as the “gold standard of business school accreditations.”
2006 Accreditation
The Alberta School of Business was first accredited by the
AACSB International – the Association to Advance Collegiate
Schools of Business – in 1968. In 2006, we were re-
accredited by the premier international crediting body, also
celebrating 90 years, and we remain the longest accredited
business school in Canada. Their report was extremely
positive and recommended without hesitation the continued
accreditation of our undergraduate, masters, and doctoral
programs in business for another five-year period. Among the
key findings:
• We have a clear strategic focus and broad support for our
strategy.
• We have clear policies for evaluating teaching and
research outcomes that are consistently implemented and
fully understood.
• We have been successful in both recruiting high-
performing faculty and in retaining them.
• And we have a strong reputation within our alumni and
business communities.
9
Accounting Excellence
The Alberta School of Business began in 1916 as a School of Accountancy.
Accounting excellence is a long-standing tradition. Links with the Chartered
Accountants of Alberta were documented in 1935. An accounting major remains the
number one choice of undergraduate majors and is growing in demand once again.
Led for many years by Mike Gibbins, Winspear Foundation Distinguished Chair
in Professional Accounting, the department has a sustained record of influential
research. Mike is a recipient of the Financial Post Leader in Management
Education award. He is also the director of our newly-created Centre for Enhanced
Corporate Reporting, established jointly with the Canadian Institute of Chartered
Accountants,
Karim Jamal’s work on fraud continues to generate world wide attention. Karim is
the School’s Chartered Accountant’s Distinguished Chair in Accounting. His most
recent research continues to support his findings that “the worst financial reporting
occurs when the accounting rules are specific and the auditor interprets the rules
strictly.” This combination of rules and enforcement is what the regulators are
currently promoting.
Heather Wier’s works on pension plans and pension accounting were the topic
most covered by media according to the Cormex research measurements. Heather
also received one of seven 2006 SSHRC grants. As the recipient of the 2006
Donald and Margaret Mackenzie Teaching Award, Heather is a wonderful example
of how excellence in research and teaching unite. Heather Wier and Mike Gibbins
10
The Alberta BCom emphasized connections and community
in its messaging this year. Being connected to the students
is a priority for Dean Mike Percy who teaches all first-year
Business students their introductory business course. New
this year is a business plan competition with prizes to be
shared of $5,000 for first, second, and third place finishers.
Helping stay connected to Dean Percy,
himself an avid Blackberry user, is also a side benefit to the pilot program with Research in Motion and TELUS, the first of its kind in Canada.
Bachelor of Commerce students in Management Information
Systems were equipped with Blackberries though the term
and applications were incorporated into the course work.
Being connected to each other is also behind the very
successful cohort model. First-year students were again
divided into groups of 70 and remained together for all six
required first-year courses.
The University of Alberta provides an extended community
offering a wide range of electives, networking, and applied
research opportunities. The Alberta School of Business itself
offers 18 majors of study, including its newest major available in
2006: Entrepreneurship and Family Enterprise.
Connections to the business community are integral to the
Bachelor of Commerce Cooperative Education degree, the 20
student clubs housed within the School, and opportunities to
compete in national case competitions. Students competed
for the first time in 2006 in the Jeux de Commerce West
competition winning gold in debate and tax.
Opportunities to connect to the global community include
international courses and electives, four related majors,
exchanges abroad, and the international composition and
experience of their classmates, instructors, and assignments.
Scholarships help ensure the best students are able to choose us.
Alberta BCom
BCom 2006Applications 1767
Registered 681
Enroled Students 1986
Graduates 567
3-month placement 92%
Jayme McColl, BCom studentRecipient, National Future Funds Scholarship, Toronto, 2006
11
The MBA Program was established in 1964; the first
graduating class celebrated their 40th anniversary in 2006.
For over 40 years the Alberta MBA program has offered innovative programming, accelerated careers, and changed lives. These three key words – innovate – accelerate – transform – now define the Alberta MBA.
The Alberta MBA is one of the top 100 full-time MBA
programs in the world according to the prestigious Financial
Times of London 2006 rankings. The EMBA program, a
partnership with the Haskayne School of Business at the
University of Calgary, achieved an overall ranking of 65.
A significantly enhanced curriculum was approved.
Continuing to develop students with very high quantitative
and analytical skills was reinforced as was augmenting the
program with programming in communications, business
ethics and corporate social responsibility, and career
development. A second MBA placement officer was hired to
assist students with placement opportunities.
The first ever Alberta School of Business MBA study tour of
China was hailed a resounding success. The EMBA students
completed a study tour to Eastern Europe.
Alberta MBA students continued their success at the MBA
Games, the largest gathering of MBA students in Canada
hosted by the University of Windsor. The 40-member team,
the only team from western Canada, captured silver in the
overall competition made up of academic, athletic, and spirit
categories. The University of Alberta was awarded the 2007
MBA Games to be held in Edmonton in early January.
The Alberta MBA includes full-time, part-time, and executive
programming. Overall applications increased 25% with an
increase in years of work experience. The part-time MBA
enrolment is the highest since 1995.
Alberta MBA
INNOVATE ACCELERATE TRANSFORM
Doug Olsen, ’88 MBA, ’92 PhDAssociate Dean, Alberta MBA MBA 2006
Applications 281
Admissions 94
Enroled Students 291
Graduates 92
3-month placement 93%
SpecializationsInternational Business
Leisure and Sports Management
Natural Resources and Energy
Technology Commercialization
Public Management
Joint degrees:MBA/Master of Agriculture
MBA/Master of Engineering
MBA/Master of Forestry
MBA/LLB
www.MBA.net
12
Established in 1982, the Doctor of Philosophy program began
to accept students in 1984 and graduated its first three in
1989.
Ranked 70th in the world according to the Financial Times of London 2006 rankings, the Alberta PhD program has now produced 87 graduates and is one of the largest sources for business faculty in Canada.
Key success factors include high admission standards as
well as active faculty involvement and support including
financial assistance through research grants and scholarships,
conference travel opportunities, language tutoring, a summer
research requirement, and an enhanced teaching program.
While research is the primary focus of a PhD program, in
recent years, North American schools have paid increasing
attention to teaching ability. Alberta PhD students are
requested to complete the Business Teaching Program, which
offers teaching modules, supervised training sessions, a
teaching mentor, and University teaching services courses.
Fifteen percent of this year’s class produced publications
while in the program and 57% of students had their papers
accepted for conference presentations.
Alumnus Bing Xiang, ’91 PhD, returned to visit his alma mater
this summer to help celebrate the retirement of International
Business professor and long-time China Project Director Rolf
Mirus. Bing is the founding Dean of China’s first independent
graduate business school in China, Cheungkong Graduate
School of Business (CKGSB).
Alberta PhD
Bing Xiang, ’91 PhD
PhD 2006Applications 276
Offers 16
New Students 10
Enroled Students 69
Comprehensive Exams 10
Candidacy Exams 9
Defended 8
Convocated 4
13
Alberta Alumni
Our 20,000 business alumni have careers which have
spanned decades, continents, and industries. They remain
linked by their Alberta School of Business experience which
we hope will be an ongoing one.
For our new incoming President of the Business Alumni
Association, Harvey Lawton, ’73 BCom, it is very much a
family affair. His son Michael, ’00 BCom, daughter Crystal, ’04
BCom, brother Wayne, ’72 BCom, ’74 MBA, and niece Cheryl,
’01 BCom, are all Bachelor of Commerce graduates, and all
work in the financial services field.
Our new incoming chairman of our Business Advisory Council, Guy Turcotte, ’76 MBA, celebrated his 30-year anniversary this year. Guy is Chairman, Western Oil Sands Inc.
New alumni joining the Business Advisory Council include ’85
MBA Judith Athaide and ’93 BCom Court Carruthers.
2006 also marks the 40-year anniversary of the first ever
graduating class of MBA students in 1966. Among them are
Jack Ondrack, Fred Keen and Roger Wolff.
Celebrating the 50-year anniversary of their Bachelor of
Commerce degree, 70% of the Class of 1956 attended
Reunion 2006 festivities to mark this special milestone.
Six Business alumni received Alumni Recognition Awards
during the 2006 University of Alberta’s Reunion Weekend
to acknowledge the significant contributions made to their
community. They include Pernille Ironside, ’95 BCom,
Alumni Horizon Award; Ross Walker, ’56 BCom; Allen
Hagerman ’73 BCom; Loraine Altenweg, ’75 BCom; and
Ivor Ruste, ’77 BCom, Alumni Honour Awards.
2006 Distinguished Alumni Award
Business Advisory Council member Bill Winspear, ’54 BCom, was honoured with the
Distinguished Alumni Award, the Alumni Association’s most prestigious award recognizing
living University of Alberta graduates whose truly outstanding achievements have earned them
national or international prominence.
Guy Turcotte, ’76 MBA
o p p o r t u n i t yA L B E R TA I S C E R TA I N LY o N E o f T H E
B E S T P L A C E S to have a business school. Located in
North America’s most vibrant corridor, our economy is full of
opportunities, booming, diverse, and evolving.
Our students are smart, hardworking, and willing to take a risk.
Our community is supportive, demanding, and fundamental to
our continuing success.
Amazing opportunities – to explore, learn, network, invest,
experience, compete – this is what we offer.
“The Alberta MBA program equipped me with the insight to recognize
an opportunity, and the skills and courage to manage it.”
Guy Turcotte ’76 MBA
Chairman, Western Oil Sands Inc.
Chairman, Business Advisory Council, Alberta School of Business
The Alberta School of Businessisanintegralpartofthefabricofthe
provinceandhasbeenaprimesourceofprovidinghumancapitalfor90
years.Regardlessofwheretheycamefrom,80%ofnearly20,000alumni
have stayed in Alberta and have lead, shaped,
andtransformedourcommunities.
InrecognitionofthestrengthoftheAlber-
taeconomy,thenumberandimpactofour
graduatesthroughoutourprovinceover90
years,andthetraditionoftheUniversityof
Albertafastapproaching100years,wefeelgreat
prideinreferringtoourselvesastheAlbertaSchoolofBusiness.
OurfiveMBAnichespecializations,17BCommajors,and13relevant
appliedresearchcentresalsocomplementtheAlbertaadvantage.
Providingtheverybestopportunitiestoourstudents,toallowthemto
getthecareerstheywant,isourpriorityasisprovidingopportunities
forouralumniandbusinesscommunitytobeinvolvedtoensureour
graduatesarethebestthattheycanbe.
Weareallinthistogether.
Ourcollectiveexperienceiswhataccelerateslearningbothasstudents
andascitizens.
ener
gy
“The Alberta MBA program equipped me with the insight to recognize
an opportunity, and the skills and courage to manage it.”
Guy Turcotte ’76 MBA
Chairman, Western Oil Sands Inc.
Chairman, Business Advisory Council, Alberta School of Business
JosephDoucet,EnbridgeProfessorofEnergyPolicy,overseestheNatu-
ralResourcesandEnergyspecialization(NRE)andisalsotheDirector
ofthecomplementaryCentreforAppliedBusinessResearchinEnergy
andtheEnvironment(CABREE).CABREEisdedicatedtofuelingpublic-
policydebateinareasofenergymarkets,electricityrestructuring,and
climatechangeissues.The2005EPCORDistinguishedLecturefeatured
MarkJaccard,whowastherecipientoftheDonnerPrizeforbestpublic
policybookinCanadatitledSustainable Fossil Fuels.
BothCABREEandtheNREarefullyintegratedwitheachotheraswellas
withindustry,incorporatingrelevantworkexperience,appliedresearch
opportunities, international field trips, and frequent interaction with
leaders in the natural resources and energy sector. Student research
appearedinbothAlberta VentureandAlberta Oilpublications.
Studentdemand,graduateplacement,andindustrysupportcontinues
togrowinternationallyinscope.
Our MBA specialization in natural resources and
energy is offered in Edmonton, the heart of Canada’s
energy province. It is also offered in Fort McMurray,
the heart of the world’s largest energy reserves.
Energy
ener
gy
Joseph Doucet
18
Exchange Opportunities
In 2005-2006, 52 Alberta business students participated in
exchange program opportunities; 68 international business
students were hosted.
A student international
exchange club has
been formed to further
enhance the global
atmosphere of the
School.
Alberta MBA internships: Zhuzhou, China
The office will also serve as a base for our education training
programs in China, a communication centre for Chinese partners,
and provide key support for our international business initiatives.
China 2006Alberta School of Business opens office in Shenzhen.
First ever MBA study tour of China.
Four MBA internships at CSR Zhuzhou Electric Locomotive Company
Rolf Mirus International Business Scholarship established. 2006 MBA Study Tour to China
International opportunities are essential for our students given
the global economy our students will enter. No economy may
be more important to experience than China’s. The Alberta
School of Business has been active in China since 1983,
beginning with a development project that has spanned
over 20 years with Xi’an Jiaotong University. This academic
partnership grew into positioning the school as one of North
America’s leaders in the training of top executives and senior
government officials.
The Alberta School of Business will be opening an office in Shenzhen, which is the second largest financial centre in China.
The office will be housed in the Shenzhen High-tech Industrial
Park, home to the Shenzhen Virtual University Park, where we
will be joining a cluster of the world’s leading universities.
China: Endless Opportunity
19
Providing lifelong learning opportunities for our alumni, public sector, and business
communities is the focus of our re-named Executive Education and Lifelong
Learning (EELL) Program and Assistant Dean Carolyn Campbell.
What started over 19 years ago with the development and offering of a single
program, the Senior Executive Management Development Program, has today
evolved into a suite of offerings for all levels of the public and private sector. In
2005-2006, 14 certificate programs and professional development sessions were
offered, numbering over 2500 annual participants. EELL also offers industry-
specific solutions, and 2006 will see the initial offering of programming developed
specifically for the energy sector.
EELL operates out of both Edmonton and Calgary and serves the Alberta and
Canadian marketplace. Their home base will soon be the historic Bay Building in
Edmonton, recently purchased by the U of A for a downtown presence.
Alberta Business family Institute
Joining EELL in the Bay Building will be the School’s Alberta Business Family
Institute (ABFI) directed by Steven Dyck. The inspiration of ABFI evolved when
a group of Alberta business families discussed the need to offer research-based
educational programs and resources to assist business families throughout Canada.
Lifelong Learning
Carolyn Campbell and Steven Dyck
20
CGA Alberta MBA ForumsWe are pleased to announce that upcoming Forums will now
be known as the CGA Alberta MBA Forums.
Executives in ResidenceProviding our students with access to business leaders is well
established at the Alberta School of Business School. Students
are generously sponsored to attend our annual Canadian
Business Leader Award dinner, mentors are an integral part
of the Bachelor of Commerce Cooperative Education Program
and the Alumni/MBA Mentorship Program, and the business
community certainly supports our student clubs.
Our IPSCO Executive Office suite is a busy one. Executives in
Residence are an integral component to incorporate real-
world experience into the classroom. Our long-running MBA
Forums continue to be highly anticipated by the students.
The opportunity to interact more closely and informally with
our guests over a catered lunch or dinner is very much
appreciated.
Formerly named Dean’s Forums, the re-naming to MBA
Forums is indicative of the ownership of the forums being
handed over to the students.
Court Carruthers Derek Oland Roger Phillips
MBA forums 2005/2006
Court Carruthers,VPNationalAccountsandSales,
AcklandsGraingerInc.
Jim Carter,PresidentandCEO,SyncrudeCanadaLtd
Edmund Chu,LicensedFIFAPlayer’sAgentand
President,RampManagementGroup
Robert Moore,CEO,CalVentureTech
Derek Oland,ChairmanandCEO,MooseheadBreweries
Jim Pattison,Chairman,CEO,andSole-Owner,
TheJimPattisonGroup
Roger Phillips,FormerCEO,IPSCOInc
Robert Rowland,Chairman,GlobalLinksInitiative
Rod Ruston,PresidentandCEO,
NorthAmericanConstructionGroup
Brent Shervey,ManagingDirector,
BoydenGlobalExecutiveSearch
21
On November 2, 2004, the Alberta School of Business, in
conjunction with the University’s Campaign 2008, launched
the largest fundraising campaign in its history. Ours is a $20
million campaign. We have currently raised $15.7 million
reaching 78.5% of our goal. During the past 12 months,
$2.747 million was raised towards “Building on Our Strengths:
Investing in Our People”.
The Alberta School of Business is fortunate to receive gifts
from alumni here at home and from all around the world.
Methods of giving are as varied as our alumni but include the
following main categories:
Face to face
Direct mail appeal
Calling program
Online giving
US Foundation
2005 ScholarshipsUndergraduate 462
Value $560,504
Graduate: 41
Value $118,500
New Scholarships Established: 9
Alberta School of Business Dean Mike
Percy and Trevor Nickel, ’06 MBA
• Tye Graduate Scholarship in
Corporate Governance
• Tye Graduate Scholarship in
Economics
• Paul Wacko MBA Award in Natural
Resources and Energy
A Personal Investment
Funds Raised
Campaign 2008 Progress20
15
10
5
02000 2006
in millions
Building on Our Strengths:Investing in Our People
22
Jobs to Experience
The Bachelor of Commerce Cooperative Education Program began in
1992 giving students the opportunity to alternate periods of study with
periods of paid employment.
The summer of 2006 recorded the highest number of placements ever (215), the highest number of job postings (489), and an employment rate of 98%.
The Business Co-op Program has been involved with St. James’ Place
Partnership in London, England, for six years with 28 students working
for eight months in the heart of London’s financial district. In 2005/06,
six students were on placement at the same time.
Our Business Career Services office provides a vital link between
the business community and the School in providing employment
opportunities to all students within the school. The office also serves all
current students and alumni with on-line job postings.
2006 Mentor of the Year Katherine Heron of EnCana, with co-op student Jennifer Tran.
Business Career Services 2006 2005
Jobs Posted 1095 860
Number of Companies Posting 487 390
BCom average salary $41,659 $ 36,600
MBA average salary $64,790 $60,612
BCom 3-month placement 92% 90%
MBA 3-month placement 93% 90%
Cooperative Education Program 2006 2005
Jobs Posted 489 396
Placements 215 207
Employment rate 98% 98%
Applicants 192 184
Admissions 163 152
23
The Alberta School of Business invests heavily in promoting
a sense of ownership of the program through the support
of student clubs and participation in case competitions and
conferences. Both our MBA and undergraduate student
teams did extremely well at national competitions this year.
Tax and DebateAt the JDC West competition in Vancouver, 440 of the
country’s top undergraduate business students competed
in case competitions, soccer, and debate. Team highlights
included first-place finishes in tax and debate.
operations ResearchAt the Canadian Operational Research Society (CORS) student
paper competition, first prize was awarded to David Mann,
Anh Nguyan, and Sean O’Donnell, for “Fountain Tire: British
Columbia Retreading Plant Location.” This is the third straight
year we have won first prize.
MBA GamesAlberta MBA students continued their success at the MBA
Games, the largest gathering of MBA students in Canada
hosted by the University of Windsor. The 40-member team,
the only team from western Canada, captured silver in the
overall competition made up of academic, athletic, and spirit
categories.
The University of Alberta School of Business has been awarded the 2007 MBA Games to be held in Edmonton in early January.
A Case for Competition
2006 MBA Games1. Universite Laval
2. University of Alberta School of Business
3. Schulich School of Business, York University
4. Ivey School of Business, University of Western Ontario
5. Rotman School of Management, University of Toronto
George Washington Case Competition JDC West Competition
i n n o v a t i o nCREATIVE AND CRITICAL THINKING are core values
of the Alberta School of Business and can be found in
our research, in our applied research centres, and in our
classrooms. The Alberta School of Business has established a
global reputation for supporting and investing in research.
Our recognized excellence in teaching has also been
enhanced by state-of-the-art technology-assisted teaching and
learning. This reputation has attracted world-class scholars
and students, who generate innovative ideas and solutions.
“The Ability to Dream. There is a focus here on encouraging an
entrepreneurial attitude and fostering visions conducive to personal and
corporate innovation and transformation.”
Doug Olsen, Associate Dean, MBA Program, Alberta School of Business
entr
epre
neu
rsh
ip
“The Ability to Dream. There is a focus here on encouraging an en-trepreneurial attitude and fostering visions conducive to personal and corporate innovation and transfor-mation”. Doug Olsen, Associate Dean, MBA, Alberta School of Business
The Alberta MBA in Technology Commercializationpreparesskilled
entrepreneursandmanagerstocreateandgrowhightechnologybusi-
nessesandfacilitatetechnology-driveneconomicgrowth.OurAlberta
BComspecializations includemajors inentre-
preneurshipandsmallbusinessandentre-
preneurship and family enterprise. Our
students are well prepared to strengthen
Canada’s most entrepreneurial province
and venture and succeed in any market
they choose to pursue.The passion of our
students and their entrepreneurial nature will
continuetoigniteoureconomy.
The entrepreneurial spirit is very much alive in our history, in the
School,inourstudents,andalumni.Westrivetoensureourstudents
notonlyunderstandtheneedtoberesilient,innovativeandentrepre-
neurial,butthattheyalsoembracetheimportanceofpossessingan
ethicalcompassandgivingbacktothecommunity.
Thespiritofaplaceallowsinnovationtooccur,opportunitiestoun-
fold,andareputationtoflourish.
Thespiritofourpeople – students, staff, alumni, andcommunity –
iswhytheAlbertaSchoolofBusinesscontinuestothrive.
Thereturnoninvestmentofspiritisimmeasurable.
“The Ability to Dream. There is a focus here on encouraging an
entrepreneurial attitude and fostering visions conducive to personal and
corporate innovation and transformation.”
Doug Olsen, Associate Dean, MBA Program, Alberta School of Business
An innovative appointment to lead the School’s
technology entrepreneurship area, and to help bridge
the gap between science and business, is great news
for the School, the University, and the community.
EntrepreneurshipMichaelLounsburyjoinedtheAlbertaSchoolofBusinessfromCornell
University,holdingajointappointmentwiththeAlbertaSchoolofBusi-
nessandtheNationalInstituteofNanotechnology(NINT),apartnership
betweentheNationalResearchCouncilandtheUniversityofAlberta.
Michaelhasauniqueopportunitytobealeaderindevelopingthecity’s
technology commercialization infrastructure. In addition to being the
School’sliaisonwithnewemergingtechnologies,NINT,andTecEdmon-
ton,ajointventureoftheUniversityofAlbertaandtheEconomicDe-
velopmentEdmonton,MichaelisthechampionoftheMBA’stechnology
commercializationspecialization.
Inhisfirstyearwiththeuniversity,MichaelistherecipientofthePetro-
CanadaYoungInnovatorAward.ThePetro-Canadaawardsprogramrec-
ognizesandsupportstheworkofoutstandingyoungfacultyresearchers
atCanadianuniversities.Michael’sresearchincludeslookingforwaysto
usetheemergingscienceofnanotechnologyintheoilandgasindustry.
entr
epre
neu
rsh
ip
Michael Lounsbury
28
Centres of Innovation
The Alberta School of Business houses 13 incubators of
innovative programs and partnerships with community.
Alberta Business Family Institute (ABFI)
Centre for Applied Business Research in Energy and the Environment (CABREE)
Centre for Enhanced Corporate Reporting (CECR)
Canadian Centre for Social Entrepreneurship (CCSE)
Canadian Corporate Governance Institute (CCGI)
Canadian Institute of Retailing and Services (CIRAS)
Centre for Entrepreneurship and Family Enterprise (CEFE)
Centre for Excellence in Operations (CEO)
Centre for International Business Studies (CIBS)
Centre for Professional Service Firm Management (CPSFM)
Cultural Industries Research Centre (CIRC)
Health Organization Studies (HOS)
Western Centre for Economic Research (WCER)
“One of the most significant findings is the much higher level of entrepreneurial activity in the West
compared with the rest of Canada. We need to understand more about entrepreneurship in the
region and its potential for contributing to the longer term diversified development of the West.”
Ted Chambers, Western Centre for Economic Research
New Student Business Plan Competition
Our Centre for Entrepreneurship and Family Enterprise
has launched a new province-wide business plan
competition to encourage entrepreneurship among
post-secondary students in Northern Alberta. Building
on the success of VenturePrize, a joint venture of the
University of Alberta and Economic Development
Edmonton, the initiative is the largest competition of
its kind in Canada with three distinct categories.
Technology:
The commercial application of new scientific
knowledge or radical innovation.
family Enterprise:
Multi-generational and/or sibling enterprises using
existing family resources to start a new business
significantly expand the enterprise’s core business into
new products, new markets, and spin-off companies.
open-Innovation:
Creative mobilization of resources with high potential
to be a successful new venture.
29
SocialEntrepreneurshipOur Canadian Centre for Social Entrepreneurship (CCSE) is unique in Canada in
its mission to work with all three sectors – voluntary, government, and business
– to build the foundations necessary to encourage entrepreneurial approaches to
social innovation. CCSE also supports our students through research opportunities,
conference support, and club activities. “Social Entrepreneurship strives to
combine the heart of business through the creativity of the individual”, says Gary
McPherson, CCSE’s Executive Director.
Net ImpactNet Impact is a network of over 7,000 MBAs, graduate students, and professionals
committed to using the power of business to improve the world. With more
than 120 student and professional chapters on 4 continents in 75 cities and
80 graduate schools, Net Impact is one of the most innovative and influential
networks in existence. With the support of CCSE, members of the Alberta chapter
attended the 2005 Net Impact Conference hosted by Stanford University. Our
students returned even more committed after hearing keynote speaker Al Gore.
Enterprise on fireFormerly known as the Alberta Students’ Association for Social Entrepreneurship,
the new name of the undergraduate club evokes new passion and programs.
PhD student Tyler Wry, a researcher, teacher, and practitioner of social
entrepreneurship, is also an advisor to the club, and a SSHRC fellowship holder. Gary McPherson and Tyler Wry
30
Spirit and Dedication’04 BCom, and Cory Wagner, ’02 BCom, Investopedia Inc.;
Judson Macor (’97 MBA), AirSprint; and Chris Vilcsak, ’97
MBA, Solution 105 Consulting Ltd.; who credits his Alberta
MBA with “sparking his entrepreneurial fires.”
faculty and friends:The Alberta School of Business is now home to Bill
Preshing’s four annual “Fun Runs” in support of student
scholarships, including our very own non-academic support
staff scholarship. The scholarship, the only such one on
campus, was initiated in 1998 by dedicated and long term
staff members Susan Robertson, our Manager of Special
Events and Donor Relations, and Keltie Tolmie, Department
Administrator, Finance and Management Science.
“Dr. Bill”, Professor Emeritus, Alberta School of Business,
has also been commissioned to capture the journey of our
90 years. A 2007 desk calendar has been prepared in honor
of his dedication and spirit and provides a sampling of what
is to come.
The passion of our students, alumni, faculty, and friends will
continue to ignite our economy. The entrepreneurial spirit
is very much alive at the School of Business with over 20
student clubs to choose from. Our umbrella undergraduate
organization, the Business Students’ Association celebrated its
40 year anniversary in 2006. Our accounting club once again
offered free accounting to help those in need.
Business students Frank Callele and Clark Barr went
“homeless” for five straight days, sleeping outside the
Business Building in March, in an effort to raise awareness
and funds for the Youth Emergency Shelter. Joining them
for two of the nights was Accounting professor Sandy Hilton.
Bachelor of Commerce co-op students also participated in a
full-day Habitat for Humanity project.
fueling the fire:Among the finalists for the respected 2006 Ernst and Young
Entrepreneur of the Year Awards are several alumni: Tim
Melton, ’69 BCom, Melcor Developments Ltd.; Cory Janssen
Habitat for HumanityCelebrating 90 Years: 2007 Desk Calendar
31
Technology Transfer
The Alberta School of Business has transformed itself into a recognized national leader and innovator in the areas of technology-assisted teaching, research, and learning including the introduction of a wireless network and fully loaded “smart” classrooms.
The Business School is now the first faculty on campus to implement
Blackboard as the platform used for course management and online
learning. Its flexibility and customization opportunities have been
welcomed by students and professors alike.
This spring, the School hosted a national Blackboard Conference
simultaneously with Toronto’s Seneca College, providing opportunities
for academic institutions using the product to share ideas and talk about
other future developments in technology for the education sector.
“Three years ago, electronic usage at the school was very small. Now, we
are talking about things like podcasting lectures, collaborating on a project
anywhere, anytime, and making education a commodity that never sleeps.”
Michael Getz, Director of Learning and Communications Technology
Our Google rank is now second across
Canada when using the search term “School
of Business” and fourth place using the
search term “Business School” out of 1.3
billion competing Web sites referencing
these same search terms.
Blackberries in class: Management Information Systems
32
Retailing:
“The creation of the School of Retailing
at the University of Alberta is exciting
news for the entire retail sector in
Canada. The Alberta School of Business
continues to show leadership in
responding to the needs of the business
community in Alberta and across
Canada and the creation of a retail
school is a reflection of its innovative
and forward thinking approach to the
development of future leaders and
entrepreneurs.”
Diane J. Brisebois, President and CEO,
Retail Council of Canada, June 2006.
Energy:
“Enbridge’s success is a reflection of
our people, 225 of whom are University
of Alberta graduates. Our continued
investment in the Centre for Applied
Business Research in Energy and the
Environment makes perfect sense as its
applied research touches every part of
the energy field and helps Enbridge with
their own mandate to share information
and to consult and cooperate with
stakeholders to reach mutually beneficial
solutions.”
Patrick Daniel, President and CEO,
Enbridge, October 2005.
Entrepreneurship:
“We are proud to be recognized
internationally for our leadership in
offering research-based and practical
educational programs to assist business
families. RBC Financial Group’s
contribution of $1.5 million towards our
Family Enterprise Initiative has allowed
us to expand our efforts in being a global
leader in the field of family business and
entrepreneurship. This would not have
been possible were it not for the vision
and generosity of RBC Financial Group.”
Indira Samarasekera, President,
University of Alberta, April 2006.
Strategic Partnerships
“Petro-Canada’s support is extremely important in terms of signaling the partnership that exists between Petro-Canada and
the university but also the nature of the modern university, which is based on relationships. Michael Lounsbury, the recipient
of the Petro-Canada Young Innovator Award, has a joint appointment between the National Institute of Nanotechnology and
the School of Business, supported by Petro-Canada’s partnership with the U of A. In that sense, I think it’s a reflection of how
education is proceeding, which is based on partnerships and mutual recognition.”
Mike Percy, Stanley A Milner Professor and Dean, Alberta School of Business, March 2006.
Innovative partnerships allow us to take our teaching, research, and programming to another level and areas of excellence to emerge.
33
The 2006 Canadian Business Leader Award dinner marked
the 25th anniversary of the award for the Alberta School of
Business. The University of Alberta was the first Canadian
business faculty to present an annual award for outstanding
business leadership to the community.
From Francis Winspear, the inaugural award recipient
in 1982, to Jim Pattison, the 2006 recipient, the award
recipients have exemplified the best qualities of business
leaders – uncommon vision, sound common sense, a
commitment to the community, and national recognition for
their business acumen.
Established in 1981 through the School’s Business Advisory
Council, the award grew from the Faculty’s efforts to build
strong two-way bridges among the Faculty, its students, and
the business community.
In celebration of the 25th anniversary, the establishment of
the Canadian Business Leader Graduate Award for Leadership
Celebrating LeadershipExcellence and the Canadian Business Leader
Undergraduate Award for Leadership Excellence was
announced.
We also appreciate Bell Canada and their inaugural
sponsorship of this event.
Jim Pattison – Entrepreneur at HeartRecipients of the CBLA award are leaders,
entrepreneurs, and pioneers of progress in the
business world. Jimmy Pattison not only embodies all
three, he embodies all three in a number of diverse
industries as well as on almost every continent.
Pattison began his entrepreneurial journey selling
garden seeds door to door. Today he is Chairman,
President, CEO, and sole proprietor of Canada’s third
largest privately-held company. His leadership is
certainly universal in nature and his entrepreneurial
spirit is at the heart of his success.
Dean Mike Percy, past Chairman, Business Advisory Council, Pat Daniel, and CBLA 2006 recipient Jim Pattison
34
Business Advisory Council BAC Chairman:
Guy J TurcotteChairmanWestern Oil Sands Inc.Calgary, Alberta
Judith AthaidePresidentThe Cogent Group IncCalgary, Alberta
Hugh BoltonCorporate Director, Financial Consultant, and Chairman of the BoardEPCOR Utilities IncEdmonton, Alberta
Court CarruthersVice PresidentAcklands GraingerMississauga, Ontario
Patrick DanielPresident and CEOEnbridge IncCalgary, Alberta
Marc de La BruyèreManaging DirectorMaclab EnterprisesEdmonton, Alberta
Rosemary DomeckiPresidentDomtex Equities IncDallas, Texas
John FergusonChairman, Princeton Ventures LtdChancellor EmeritusUniversity of AlbertaEdmonton, Alberta
Karl FunkePresident and CEOMultitest elektronische Systeme GmbHRosenheim, Germany
Barry JamesManaging PartnerPricewaterhouseCoopers LLPEdmonton, Alberta
Kent JespersenChairman and CEOLa Jolla Resources International LtdCalgary, Alberta
Irv KipnesPresident and CEODelcon Capital Corporation/ Liquor Stores Income FundEdmonton, Alberta
Hiroshi KurimotoPresidentNagoya University of Commerce and Business AdministrationNisshin-shi, Aichi, Japan
Phil LachambreExecutive Vice President and CFOSyncrude Canada LimitedFort McMurray, Alberta
RJ (Bob) MacLeanChairmanRJM CorpEdmonton, Alberta
Bernard CO MahExecutive Director of Giordano Group and Chief Executive of China OperationsGiordano International LtdKowloon, Hong Kong
Gay MitchellExecutive Vice President - Strategic Business DevelopmentCanadian Personal and Business ClientsRBC Financial GroupToronto, Ontario
Amit MongaTechnology Investment BankingNational Bank FinancialToronto, Ontario
Randall MorckStephen A Jarislowsky Distinguished Chair in FinanceUniversity of Alberta School of BusinessEdmonton, Alberta
Donald OborowskyPresident and CEOWaiward Steel Fabricators LtdEdmonton, Alberta
Mike PercyStanley A Milner Professor and DeanUniversity of Alberta School of BusinessEdmonton, Alberta
Roger PhillipsHonourary DirectorIPSCO Inc.Regina, Saskatchewan
Larry PollockPresident and CEOCanadian Western BankEdmonton, Alberta
Mary RitchiePresidentRichford Holdings LtdEdmonton, Alberta
Charlotte RobbPresident and CEODynacare Kasper Medical LaboratoriesEdmonton, Alberta
Indira SamarasekeraPresident and Vice ChancellorUniversity of AlbertaEdmonton, Alberta
Robert SandermanPresidentOakwood Commercial VenturesDenver, Colorado
Donald SwystunExecutive Vice President, Corporate Development GroupEnCana CorpCalgary, Alberta
Joseph ThompsonChairmanPCL Construction Group Inc.Edmonton, Alberta
Steven WilliamsExecutive Vice President, Oil SandsSuncor Energy IncFort McMurray, Alberta
William WinspearDallas, Texas
Ralph YoungPresident and CEOMelcor Developments LtdEdmonton, Alberta
35
Business Alumni AssociationDustin Bateyko, ‘01 BComJJ Barnicke Edmonton
Ross Bradford, ‘79 LLB, ‘85 MBA Alberta School of Business Faculty Representative
Aaron Brown, ’97 BComManager, Portfolio Analysis Financial Services, University of AlbertaBAA Vice President
Elke Christianson Director, External Relations Alberta School of Business
Jami DrakeManager, Alumni ProgramsAlberta School of Business
Russ Farmer, ’04 MBAActon Consulting Ltd.
Barton Goth, ’03 MBAGoth & Company Inc.
Moe Henning, President MBA Association
Chris Hutchinson, ’06 MBA, Sierra Systems
Jasmine Konsorada,President Business Students’ Association
Harvey Lawton, ’73 BComAon Reed Stenhouse Inc.BAA President
Darryl Lesiuk,’91 BComBAA Treasurer
Robert Parks, ’99 MBASenior Consultant, Management Consulting ServicesMeyers Norris PennyBAA Past President
Rosa Spadavecchia ’01 MBACommunications Consultant
Shelley Teasdale, ’01 BCom Alberta Government Services Business Application Support
Kurian Tharakan, ’86 BComPricewaterhouseCoopers LLPU of A Alumni Council Business Representative
BAA Edmonton ChapterThe Alberta School of Business
has one of the most active
alumni groups on campus. These
dedicated volunteers direct
several initiatives each year that
benefit the School, our students,
and the alumni community.
• BAA Annual Dinner
• Networking Receptions
• Business in the Bears’ Den
– Golden Bears’ Hockey
• Convocation Breakfast
• BAA Golf Tournament
• BAA Scholarships
• Student Ambassador Program
• Mentorship Program
Financials
source of funds Fiscal 2005-06 Forecast 2006-07
$000 $000
University Funds as at March 31 fiscal year, includes international tuition, grad student funding 16,160,430 54% 16,724,516 51%
Own Source Funds
Endowment & Interest Income 3,088,853 3,283,000
Professional Development 3,609,993 5,436,035
Centres and Conferences 873,142 890,605
Research Grants and Contracts 1,764,409 1,889,155
Donations 880,290 1,000,000
MBA Differential Fee, net of central overhead 671,750 649,750
Undergraduate Differential Fee 651,473 650,000
Cost-Recovery Programs 989,149 1,080,393
Government Access Funds 1,115,525 1,281,524
Total Own Source Funds 13,644,584 46% 16,160,462 49%
Total Source of Funds 29,805,014 32,884,978
use of fundsTeaching 8,952,302 31 9,456,462 29%
Research 9,000,530 31 9,600,000 29%
Service, Community Relations, Development 2,047,486 7 2,307,898 7%
Professional Development 3,040,750 11 4,772,305 14%
Technology and Infrastructure 1,380,055 5 2,225,637 7%
Operating and Support Services 4,207,440 15 4,601,614 14%
Total Use Of Funds 28,628,563 32,963,917
Net Unrestricted Reserves 1 2,200,000 2,351,000
1 Net reserves comprise balances in research, endowment, donation and other internal own source funds that are used to advance specified education, research and service purposes according to the terms and conditions of the source. Most reserves are restricted to specific uses.
C E L E B R A T I N G 9 0 Y E A R S
francis Winspear
• Hiredasanaccountinglecturerin1930.
• AppointedthefirstDirectorofthe
SchoolofCommercein1954.
• ReceivedtheSchool’sfirstCanadianBusiness
LeaderAwardin1982.
• TheWinspearBusinessReferenceLibrary
openedin1984.
• TheFrancisandHarrietWinspearBusiness
Students’Centreopenedin1998.
des
ign
+p
hot
ogra
ph
y: C
reat
ive
Ser
vice
s, U
niv
ersi
ty o
f A
lber
ta
wri
ter+
edit
or: M
onic
a W
egn
er, A
lber
ta S
choo
l of
Bu
sin
ess
pri
nti
ng:
McC
allu
m P
rin
tin
g G
rou
p I
nc
The spirit of a place allows innovation to occur, opportunities to unfold, and a reputation to flourish.
The spirit of our people is why the Alberta School of Business continues to thrive.
The return on investment of spirit is immeasurable.
www.bus.ualberta.ca