Author: Nancy Wise

  • Vanderbilt Business Leadership

    Editor
    Nancy Wise

    Designers
    Michael T. Smeltzer

    Photography
    Daniel Dubois, Jason Getz, Steve Green, Joe Howell, Anne Rayner,  John Russell, Susan Urmy

    Contributors
    Joanne Lamphere Beckham, BA’63; Bonnie Arant Ertelt, BS’81; Kara Furlong; Randy Horick; Jan Read; Seth Robertson; Rob Simbeck; Sandy Smith; Ryan Underwood,BA’96

    Dean
    M. Eric Johnson, Ralph Owen Dean and Bruce D. Henderson Professor of Strategy

    Chief Marketing Officer
    Yvonne Martin-Kidd

    Associate Dean of Development and Alumni Relations
    Cheryl Chunn

    Vanderbilt Business magazine is published twice a year by the Owen Graduate School of Management at Vanderbilt University, 401 21st Avenue South, Nashville, TN 37203-9932, in cooperation with Vanderbilt News and Communications. Editorial offices are at Vanderbilt University News and Communications, PMB 357737, 2301 Vanderbilt Place, Nashville, TN 37240-7737, telephone: (615) 322-4624, fax: (615) 343-7708, email: owenmagazine@vanderbilt.edu

    Please direct alumni inquiries to the Office of Development and Alumni Relations, Owen Graduate School of Management, PMB 407754, 2301 Vanderbilt Place, Nashville, TN 37240-7754, telephone: (615) 322-0815, email: alum@owen.vanderbilt.edu

    Vanderbilt University is committed to principles of equal opportunity and affirmative action. Opinions expressed in Vanderbilt Business are those of the authors and do not necessarily reflect the views of the Owen School or Vanderbilt University.

    © 2014 Vanderbilt University. “Vanderbilt” and the Vanderbilt logo are registered trademarks and service marks of Vanderbilt University.

  • Just Getting Better

    Students in Management Hall lobbyVanderbilt’s Owen Graduate School of Management placed No. 20 among U.S. programs in the Economist’s ranking of full-time MBA programs (No. 29 globally)—a jump from last year at 23 (and 34, respectively). The annual ranking is based on a student survey of four factors the Economist identifies as the primary reasons students pursue an MBA: to open new career opportunities, for personal development and educational experience, to increase salary and to build a professional network. If you prefer your stats in list form, Princeton Review named the Owen school to several of its 2015 Top 10 lists including No. 4—Best Professors, No. 9—Best Administered and No. 10—Best Green MBA.

  • On the Road and In the Air for Vanderbilt

    On the Road and In the Air for Vanderbilt

    Kim Killingsworth, Owen’s director of international recruiting and relations, doesn’t let much rattle her as she travels globally to recruit the right students for Vanderbilt’s business programs. The start of the July-through-March recruiting season found her dealing with challenges ranging from tension in Tel Aviv to an airline strike in Argentina and a nonfunctioning ATM card in Rio. Here are some of her thoughts and experiences from the road.

    July 12, 2014

    Kim Killingsworth with Cancellation BoardI am currently on the last leg of a more than 24-hour trip home from Tel Aviv. I was there for a two-day MBA recruiting fair sponsored by EducationUSA, a U.S. Department of State-sponsored network of educational advisors.

    I arrived in Tel Aviv and waited at the airport for my Emory MBA colleague to arrive so we could share a taxi to the hotel. I had been to Tel Aviv for this event last year and prior to that in 2006. I was familiar with the scrutinizing questions at immigration upon arrival and felt I knew the city and culture somewhat.

    In other words, I felt perfectly comfortable traveling there in spite of the previous week’s violence. We dropped our bags at the hotel, went up to the roof to see the sunset over the Mediterranean and then jumped in a taxi to head out to dinner. No sooner did we get in than we ended up in a standstill. We asked our driver what was happening. He made an arcing motion with his hand and responded in his limited English, “Syria missiles.” The air raid sirens sounded briefly, the first of four or five air raid warnings we would experience during our few days there. Reading The New York Times later on our cellphones, we discovered the missiles were from Gaza.

    Tel Aviv July 2014
    Killingsworth hadn’t counted on missile attacks and watching international news being made during her Tel Aviv recruiting trip.

    The MBA fair was immediately canceled after this incident, but then reinstated 12 hours later and reduced from two days to one. Of the 22 MBA programs that had planned to participate, 13 showed and of those, seven schools had admissions reps with the rest covered by local alumni. Those of us who attended were continually thanked by the local attendees for coming to Israel during this crisis.

    I remember one conversation in particular with a young woman who lingered near my table. When I engaged her in conversation about her experience and post-MBA goals, she opened up. She told me she was nervous about the situation because she had completed her military service on a base close to the Gaza Strip and was concerned for her colleagues there. She had been an artificial intelligence officer. She was in the reserves and knew there was a good chance she could get called up.

    Overall, we did not experience any obviously tighter security. Locals continued business as usual. Perhaps there were fewer people on the beach as they did not want to be in an exposed area without easy access to bomb shelters. One early morning I was walking on the beach when the sirens sounded. I had to run from the shoreline to crowd into a public restroom with others. In general people, including kids, don’t panic. They seem concerned with getting cellphone photos of the smoke trails of the intercepted missiles. It drove home to me how they are accustomed to this activity.

    August 6, 2014

    Kim set out on the Latin America leg of her recruiting tour. She visited Santiago, Buenos Aires, Rio de Janeiro, São Paulo, Lima, Medellin and Bogotá in the nearly three weeks she was away.

    Harp player
    Stopped at a Bogatá traffic light, Killingsworth was serenaded by a harp player.

    On this trip, some of the best conversations I had were with taxi drivers. It started with my arrival into the first city of the trip, Santiago. I had lived there 21 years ago as a Peace Corps volunteer so I always feel nostalgic returning. I arrived near midnight after a full day of flying, and despite just wanting to get to the hotel, I had a very engaging conversation with the driver. As we cruised along the highway, my favorite Mercedes Sosa song came on the radio and I was delighted that we both sang along. It was the perfect welcome back to Chile.

    With my taxi driver in Buenos Aires, I had a charming conversation about my two favorite Argentine actors and left the taxi with a list of all the films they acted in together. In a taxi in Bogotá, stopped at a traffic light, we were serenaded by a harp player in the middle of the street.

    The primary focus of this tour was MBA recruiting fairs, but when the schedule permits, I conduct Vanderbilt-specific information sessions or sometimes dinners or receptions with alumni to which I invite prospective students. I take advantage of any partnerships I’ve entered into as a way to meet prospectives, such as one with the Medellin-based Sindicato Antioqueño, which is comprised of over 120 Colombian companies including Grupo Suramericana and Bancolombia. Vanderbilt, along with six other schools (only three in the U.S.), presented to employees who will apply for company sponsorship to pursue an MBA abroad.

    Kim Killingsworth and Thiago Andrade
    Killingsworth usually travels alone but is frequently assisted by local alumni at events. Thiago Andrade, MBA’14, flew from Salvador, Bahia, to help at the fair in Rio.

    Of course I’m always open to meeting prospectives in other, informal ways as well. I’ve been known to meet prospectives on flights, which makes sense given the amount of time I spend flying. I find myself often giving educational and career advice to strangers and it usually seems to be appreciated.

    My first morning in Santiago, I ended up in a long conversation with my waiter at breakfast. His graduate studies focus on scallop production and I learned more than I ever knew about the industry. We discussed how an MBA might make sense for him after he gets a few years’ work experience. An advising session over a perfectly prepared cortado and Chilean raspberry juice.

    At the events, what really makes a difference is having help from alumni. It gives the prospects a perspective they can relate to—somebody who was recently in their shoes and who can speak about the student experience firsthand. I was fortunate to have alumni assistance in Santiago, Rio, Lima and Medellin. Prospects love meeting alumni.

    Gerardo Marthans at Lima fair
    At the Lima recruitment fair, IBM’s Gerardo Marthans, MBA’05, joined Killingsworth and spoke to potential students.

    What was particularly rewarding this trip was that I reconnected with candidates who I met a year and a half ago. Enough time had passed since the first Latin America recruiting tour I did for Owen that now students are ready to apply. At the São Paulo fair, I was able to greet the first person who walked up by name. “Eduardo, it’s great to see you. How is the GMAT prep going? Are you going to apply to Owen this year?” Greeting him by name and remembering that he works in agribusiness demonstrated to him that we really do provide a personalized approach at Owen.

    The theme of this trip seemed to be the interesting conversations with taxi drivers and dealing with the challenges of international travel—more than what seemed normal on this trip.

    For example, I arrived at the city airport in Buenos Aires to chaos—Aerolineas Argentinas (the nation’s largest airline) had gone on strike that morning. There were TV crews filming and lines were a kilometer long. I was told the first available flight to my next destination was 36 hours from then, meaning I would miss my event in the next city. The solution was to buy a ticket on another airline and leave later in the day from a different airport. Leaving the next city, I experienced a five-hour delay for a one-hour flight due to rain.

    Buenos Aires airport
    Arriving at the Buenos Aires airport was chaotic due to an airline strike.

    Then I tripped on the sidewalk in São Paulo and sprained the thumb of my dominant hand—my primary texting digit. I made a splint and taped it up, but then was challenged by the basics of typing, buttoning and opening water bottles. On this trip, my ATM card failed to work in two countries and I found out my banking identity was stolen and used fraudulently.

    I’m good at—and enjoy—finding solutions and don’t let these inconveniences get in the way. While I may have to deal on my own with some of the challenges, there are always colleagues with whom to share the stories at the end of the day. A highlight is reconnecting with alumni, educational advisors, colleagues from other schools and friends in the region. Each trip is so different and memorable due to those I meet along the way.

    Prior to starting this trip I was still thinking about the young woman I met at the Tel Aviv fair, the former artificial intelligence officer. I sent out a message to all the females I had met at the Tel Aviv event, hoping to send good wishes to that woman and find out if she had indeed been sent to Gaza.

    I heard back from almost all but the one woman, saying they weren’t her but they were sure she would appreciate my concern. The responses came in at the beginning of my Latin America trip, then nothing. I assumed she had been sent to Gaza and imagined what that might be like. Then the very last day of my Latin America trip—three weeks later—I received a message from her. She apologized for her late reply but had not yet been sent to Gaza. I felt incredible relief and realized the impact just one candidate’s story can have.

    September 2014

    After Latin America, Kim Killingsworth returned to Nashville for a few weeks, then took off for three countries in Asia on corporate visits and a few recruiting events—all in 10 days. Part of her work is meeting with decision makers in Asian companies to discuss how the Vanderbilt MBA may fit the companies’ and employees’ professional development needs. She then returned to campus for a couple of weeks before heading out again. She says, “I have my schedule memorized of all my planned trips through the end of the year. You can give me a date between now and then and I know what city I will be in.”

  • Dual Strength

    Dual Strength

    The approximately 50 feet between the Owen Graduate School of Management and Vanderbilt Law School just shrunk a bit as the two schools launched a trans-institutional program that offers students the opportunity to earn a master of finance degree and a law degree at the same time.

    Students in Vanderbilt’s new dual J.D./M.S.F. program spend their first two years at Vanderbilt Law School, then take a full semester at the Owen Graduate School of Business and finish with a final semester of both law and finance courses.

    The program’s inaugural four students began their Owen portion at the start of the fall 2014 semester. All four were already working on their Vanderbilt law degrees when they were accepted into the one-year master of finance program.

    Law building and Management Hall
    Students in the new program have a very short commute from one school to the other: Only about 50 feet separate the two.

    For third-year law student Kevin Saunders, the program combines his two career passions, business and law. He comes from a third-generation family business and earned an undergraduate degree in accounting before deciding on Vanderbilt Law School. He had taken four credit hours at Owen as law electives when he heard that the J.D. and M.S.F. program was in the works.

    “I was a huge proponent of the program when I found out about it,” he says. “I was already considering an externship with the SEC in Atlanta but decided to wait, just on the idea that this program might come to fruition.”

    Natural partners

    The program grew out of discussions between Dean Eric Johnson and Vanderbilt Law School Dean Chris Guthrie shortly after Johnson’s arrival last year. Both deans say that in addition to expanding education in business and law, the program expands a natural partnership between the two schools.

    “Owen has long offered courses that introduced business students to legal issues and discussed specific areas of finance that relate heavily to law and legislation,” says Johnson, the Ralph Owen Dean and Bruce D. Henderson Professor of Strategy. “For lawyers heading to Wall Street, understanding markets is critical to building a successful career in financial service.”

    Guthrie, who is also the John Wade-Kent Syverud Professor of Law, says that in addition to appealing to students interested in corporate law, the program’s specific finance focus will give them an added edge and opportunities. The J.D./M.S.F. builds on the law school’s existing Law and Business program, he noted, which includes basic principles of finance and accounting, business operations and today’s regulatory environment. That program offers law students a specialization certificate in business; the school also offers a joint J.D./MBA.

    “I am excited to have the opportunity to partner with Owen and its terrific faculty, and I am very bullish on the opportunities this joint degree program will create for a select group of Vanderbilt Law students,” Guthrie says.

    Scales of justice and business bookThe J.D./M.S.F. dual degree was one of the fastest programs developed and launched at Vanderbilt. The deans conceptualized it in fall 2013, the curriculum was proposed by late winter 2014, and the degree was approved by both schools’ faculty and the provost in time to start accepting applications in April.

    Going forward, interested students will apply to both programs separately and Owen and law school officials will meet to decide who they want to admit to the joint program. All prospective students have to take the GMAT as well as the LSAT and go through the same admissions process as other business and law school students.

    Not for slackers

    The new dual degree is rigorous, says Kate Barraclough, director of Vanderbilt’s M.S. Finance program. She leads the program and was charged with helping set it up and determining the business school curriculum.

    “They’ll take some of our most challenging finance classes, the ones that are the more quantitative classes,” Barraclough says. “When we were putting together this degree—because it’s 24 credit hours opposed to 36 for a standard M.S.F.—we wanted to make sure all those credit hours really counted toward finance.”

    The program kicked off in August with the J.D./M.S.F. students joining incoming M.S.F. students for an intensive two-week orientation. “We onboard them with a Finance Economics I class,” Barraclough says. “That’s kind of a level set for people who don’t have a finance background versus people that do—we do it very quickly in two weeks.” In mod I and II, they take the same classes as the M.S.F. students but also add an additional elective. “This is going to be a big mod for them because the typical load is four,” Barraclough says. “Taking five is a lot. It’s very intense.”

    Worth the work

    Barraclough says she’s interested in discovering how the class dynamic is different with the addition of the law students. “I think they bring a little more maturity,” she says, noting that most M.S.F. students are younger than the typical law student. “My sense from the law school early on in this process is that they feel that these are really some of their best students. It is an interesting mix—I have 41 M.S.F.s and four J.D./M.S.F.s.”

    JD/MSF students
    Patrick Tricker, Anna Drew Derrick, Kevin Saunders and Kyle Ewing are the first law students poised to earn a Vanderbilt J.D./M.S.F.

    The four inaugural students see the value in having a master of finance degree as well as a law degree. Over the summer, Saunders completed a 10-week law internship with BakerHostetler in Cleveland. He worked on a variety of projects, including work involving project finance, mergers and acquisition, buyouts and IPOs. He feels that the J.D./M.S.F. will increase his knowledge and allow him to further relate to clients.

    “Clients with law firms like lawyers that understand their business,” he says. “That was apparent to me even as a summer intern. The hard finance knowledge will really be valuable.”

  • New Organization Studies Professor On Board

    Jessica KennedyJessica Kennedy has joined the Owen faculty as assistant professor of management in organization studies. Previously with the Wharton School of the University of Pennsylvania, Kennedy teaches Leading Teams and Organizations and Negotiation.

    Kennedy’s research interests focus on power and status hierarchies, as well as ethics in organizations. She studies how groups allocate power and status to individuals, how power and status affect individuals’ decisions and how ethical compromises can negatively influence women’s attraction to business careers. Recent research has revealed the way stereotypes about women’s competence in negotiations lead women to be targets of deception.

    Kennedy has published in top journals, including Organizational Behavior and Human Decision Processes, the Journal of Personality and Social Psychology, and Social Psychological and Personality Science. A former investment banker, she earned her doctorate at the Haas School of Business at the University of California, Berkeley.

     

    See video of Jessica Kennedy at vu.edu/owen-kennedy-negotiations

  • Executive Development Institute Welcomes New Leader

    Skip CulbertsonThe new executive director of Vanderbilt’s Executive Development Institute lists the Darden School of Business and Chevron on his resume.

    Robert “Skip” Culbertson is charged with directing the school’s popular nondegree executive courses and programs for businesses and individuals.

    “Skip is exactly the person Owen needs to move our nondegree executive programs to the next level,” says Dean Eric Johnson. “He brings extensive experience from a Fortune 500 leader as well as nearly a decade of experience in executive education from a world-class institution.”

    Vanderbilt’s Executive Development Institute offers intensive, short-length (typically two- or three-day) programs in critical business skills such as executive leadership, marketing for strategic growth and leading change. Its programs are taught by Owen faculty and tailored for working professionals. Courses can be taken as needed for specific skills or as part of one of the institute’s certificate of excellence programs. The institute also designs and offers custom management education for organizations.

    Culbertson has a comprehensive background in human resources and executive education. At the University of Virginia’s Darden School of Business, he was senior director of custom programs and thought advancement in the business school’s executive education department and developed $2 million in custom executive education programming annually. He also has extensive consulting experience and was chief human resources officer for Chevron for more than two decades.

    The Executive Development Institute was established in 1978 to provide Vanderbilt’s world-class management education in targeted areas for nondegree-seeking business professionals. Since then, more than 3,000 individuals from over 700 companies have participated in the institute’s courses.

  • Vanderbilt’s Forté Membership is a Win-Win for Women

    Sandra Cochran
    One of the Forté Foundation’s goals—and Vanderbilt’s—is to increase the number of women with MBAs and in top management positions. Sandra Cochran, BE’80, represents both. Cochran is CEO of Fortune 1000 corporation Cracker Barrel and earned an MBA after graduating from the Vanderbilt School of Engineering. She recently talked to Owen students about leadership and corporate strategy as part of the student-organized distinguished speaker series.

    Owen joined an exclusive group of business schools committed to supporting and recruiting women when it became a sponsor of the Forté Foundation in July.

    The foundation is a nonprofit consortium of schools and corporations dedicated to increasing the number of women in business and helping them learn and achieve. Owen underwent a rigorous application process and vetting before being invited to join. It was one of only six schools accepted for membership in 2014 and is now one of 48 business school sponsors in the United States, Canada and Europe. This was the first year the group accepted membership applications from schools since 2011.

    Forté selects sponsor schools strategically, based upon their capability to reach women as prospective MBA students and their ability to provide connections to potential sponsor companies. The schools must also add diversity to Forté in some way, so the foundation also considers school location, size, undergraduate pipeline and programs, and a proven commitment to female leadership.

    “The Owen School is fortunate to have strong female leadership,” Dean Eric Johnson says, noting that top positions throughout the school are held by women and that both the alumni association and Owen Graduate Student Association are currently led by women. “Joining with Forté expands our support of women and provides opportunities for our students, alumni and prospective students.”

    Christie St-John, director of MBA and MS Finance admissions, led Vanderbilt’s effort to join Forté. As someone on the front lines talking to potential students, she saw how Owen’s goals and those of Forté were aligned. Nationwide, women are less likely to apply to business school than men are—something Owen and the Forté Foundation seek to change.

    In addition to the foundation’s commitment to increasing the number of women in the early business pipeline, the organization helps corporations and its partners reach, recruit and retain top female talent. It also provides resources and benefits to women at all career stages and offers fellowships through its Forté Fellows program.

    For more information, visit fortefoundation.org

  • Lasting Impression

    Lasting Impression

    Dewey Daane bullfighting

    On a sultry day in 1966, U.S. officials visiting Spain were taken by their hosts to watch young bulls be tested for the ring. The Americans watched as a series of aggressive animals charged their trainers. Then the matador queried, “Is there no American brave enough to fight the bulls?”

    Only one man responded: Dewey Daane.

    Still attired his business suit and tie, Daane took on the bull. As with so many things in his long and distinguished career, Dewey Daane won.

  • Celebrating Dewey Daane

    On December 16, 2013, the Federal Reserve celebrated turning 100. The commemoration featured past and present chairman of the Federal Reserve Board, board governors, officers and various dignitaries. Chief among the noteworthy—although he’d never claim such an honor himself—was Owen’s own J. Dewey Daane, the Frank K. Houston Professor of Finance, Emeritus.

    Several speechmakers that day remarked on his presence and noted that Daane is nearly as old as the Fed itself. Dewey Daane, 95, knows more about the Fed than almost anyone else. After serving at the U.S. Treasury Department, Daane was first appointed to the Federal Reserve Board by President John F. Kennedy in November 1963 shortly before Kennedy’s death. He came to Vanderbilt in 1974 as the Frank K. Houston Chair in Banking and Finance in the fledgling Graduate School of Management, and Owen is honored that he has never left.

    Accounts of Daane’s influential career in public service, at the Fed and in academia are matched only by legendary tales of his adventures and zest for life. On the eve of his 96th birthday, Vanderbilt Business is pleased to salute the remarkable Dewey Daane.

    100 Years and the Fed

    Group photo from Fed's 100th
    Daane, first row, third from right, during the Federal Reserve’s 100th anniversary commemoration.

    Washington years and impact

    President Ford and Dewey Dane
    In the Oval Office with President Gerald Ford, August 1974.
    Dewey Daane, Julian Baird and Robert Anderson
    Before going to the Federal Reserve, Dewey Daane worked for the U.S. Treasury Department. Here he is being sworn in by Under Secretary of the Treasury Julian Baird and Treasury Secretary Robert Anderson.
    Daane in Mercedes
    Daane with his beloved SL190 Mercedes convertible, bought new in 1962, and parked in his usual spot by the gate behind the Treasury Building. He had picked up the brand-new car in Paris and driven it through the country to the coast. He and the Mercedes then sailed across the ocean to the U.S. He still has the now-classic car.
    Dewey Daane and LBJ
    Daane was honored with the U.S. Treasury’s Alexander Hamilton Award, its highest honor. He was presented it by President Lyndon B. Johnson in 1963
    Dewey Daane and Fed officials
    Daane (far right) at a Fed press conference with Paul Volcker, Arthur Burns and George Shultz during the Nixon years.

    At Owen and at play

    Dewey Daane
    The professor in his office at Owen in 1979.
    Dewey Daane teaching
    In action in the classroom, 2008.
    Dewey in tennis attire
    In 1988, Daane’s wife, Barbara, threw a black-tie tennis tournament to celebrate his 70th birthday. Tennis has always been one of Daane’s passions.
  • Collaborative, Communal and Uniquely Owen

    Collaborative, Communal and Uniquely Owen

    Alumni discussion at roundtable
    Roundtable contributors from left, Derek Young, MBA’91, Corbette Doyle, EMBA’87, Mario Avila, MBA’13, Jim Rodrigues, MBA’04, and Erika Bogar King, MBA’99.

    We invited five alumni across four decades to participate in a roundtable discussion about leadership. We asked one question: What did you learn about leadership at Owen? The conversation went like this:

    On collaboration

    Jim Rodrigues: Effective leadership is almost an intangible of being able to get people—whether it’s your peer group or people who report to you—to follow you, follow instructions and understand. In my opinion, it’s got to be collaborative, not a directive.

    Erika Bogar King: Right, you want leadership to be effortless. You want it to be collaborative, for it to be a team effort versus a power effort.

    Derek Young: From my standpoint, the best leaders are those who really are able to take their entire teams and feel like they’ve got them all behind them with everything they’re doing in every way.

    Corbette Doyle: It doesn’t matter what your role is. I think that leaders are at all levels of the organization and they influence people to achieve something.

    Erika Bogar King: All of us come to MBA school wanting to learn how to conquer the world and how to be CEO one day. You show up and one of your first classes is Leading Teams and Organizations. What that course really teaches you is that there’s such a thing as leadership at all levels. A lot of that, frankly, played out in our two years as we worked with the different people on different teams in each of our different courses.

    On trust

    Mario Avila: What came to mind were, obviously, influence and being authentic. I think that as leaders we’re constantly challenged—especially when we’re talking to our teams—to make sure that what we ask them to do is authentic. I think the critical point is trust. It’s building trust, having those directives come from an honest place. It’s coaching, and working with people to make sure they’re understanding.

    Erika Bogar King
    Erika Bogar King

    Derek Young: The thing I love about Owen is that we’re a school that, at the end of the day, really puts leaders out there who are trusted. From my standpoint, it’s part of the personality of the school.

    Mario Avila: I think it’s also the way this whole program has been structured. You can’t hide here. Talk about trust and building trust! When you’re in a school that only has 170, 180 students within that MBA class, you can’t hide. You have to be yourself so people can trust you so you can all get through.

    Corbette Doyle: I think one of the reasons Owen has been able to build that kind of culture is that it “discovered” the importance of groups long before it became the buzzword in most B-schools. Owen’s always had a strong focus on group work and succeeding as a team. Well, it takes a lot of work to learn how to be an effective group member, and learning how to influence without authority is a real skill.

    Jim Rodrigues: The theme that I’m hearing is that (the trust and the relational nature of the Owen experience) has given us all confidence. It’s contagious. It allows us to be better at what we do and bring our teams up and foster that kind of similar environment as we had here.

    On listening

    Jim Rodrigues: Communications is a big part of that—listening to what people want and reaching out. I was given some advice years ago and now I follow it almost to a T: Take your employees out to lunch once a quarter. You learn so much more about your team and what they really need in just listening through 45 minutes, an hour. … You really get your pulse on what’s going on in the organization. To me, it’s not a leadership thing, it’s just listening.

    Corbette Doyle: I think listening is a big part of leadership. We talked earlier about the importance of building trust: Well, how do you build trust? As a leader, that’s not an easy thing to do. So taking people out to lunch and having casual conversations is one way to try to bring those barriers down.

    On reflection

    Corbette Doyle: One of the things that I’ve learned since I left here—and I think current Owen students are learning—is the power of reflection. It’s not just managing down and up if you actually want to be successful. It’s taking a step back and saying, “What did I learn from this, good or bad, and what am I going to do about it going forward?”

    Jim Rodrigues: When you are able to reflect, you are able to better communicate and coach your team—whether it’s peers, those working for you or those managing you. I really take it to heart that a leader is one who really looks at the big picture. I think Owen does a really great job of making sure that we do take that step back, look at the big picture and what’s best for you and your progression.

    On doing it all

    Jim Rodrigues: The higher you go up, the more diverse your skill set has to be because you’re ultimately a sales person for your vision, for the product, for people to believe in themselves at work. You’ve got to be able to do all of it to manage those people. That’s where the diversity of coursework has really made us a stronger alumni group when we go into the workforce.

    Erika Bogar King: Recognizing as a leader what your strengths are and then surrounding yourself with people who have the things you don’t is so huge.

    Corbette Doyle: As a leader, it’s becoming increasingly critical that we not only have all the things we’ve talked about, but that we also value differences. And I think that learning agility, that ability to be resilient, to be reflective, to learn from your experiences, to be open to other experiences, is critical.

    Derek Young
    Derek Young

    Jim Rodrigues: To be a real leader, you can’t have an ego because you have to communicate with so many people and transition your message to make the same point but make sure it’s heard by every level.

    Mario Avila: Until you mentioned this, I didn’t really think about it, but you talk about these circles that are created within Owen. We build these bonds as almost family and we take it to the workplace. We know that’s an effective way to lead an organization.

    Derek Young: I do feel like there’s a diversity in what we do here at Owen that makes us unique … it’s a different approach. There’s not an entitlement that comes from graduating from Owen. It’s every day you get out there and you earn it. You earn the respect of those that work for you.

    Watch video at vu.edu/owen-leaderrt

    Editor’s note: The roundtable discussion was edited for space.

  • Owen’s Anthem on Leadership

    Owen’s Anthem on Leadership

    Owen on leadership

    From “136 Words to Live By,” the anthem of Owen Graduate School of Management at Vanderbilt University

  • Entrepreneurs Know No Borders

    Tweet of King Fahd groupA delegation from King Fahd University in Saudi Arabia spent six days in Nashville learning how to create and build an entrepreneurship program, courtesy of an interdisciplinary group at Vanderbilt. The visit was in response to a weeklong trip that Senior Lecturer of Entrepreneurship Michael Burcham took to King Fahd in October as an adviser.

    Burcham set up meetings with alumni, students, faculty and staff from Owen, the School of Engineering, the College of Arts and Science’s managerial studies, and the university’s Technology Transfer Office. The Saudi Arabian team also met with representatives from the Nashville’s mayor’s office and the Tennessee governor’s office.

  • Measuring What Matters

    Vanderbilt’s full-time MBA program is No. 25 in the latest U.S. News & World Report rankings. Particularly significant: Among the top 25 schools, Owen had the fourth-highest rate of students employed at graduation and the ninth highest rate of students employed three months after graduation—two key metrics used in the survey. And Poets & Quants, the online graduate business school news site, reported that Vanderbilt has seen the third largest improvement in job placement over the past five years among top-25 B-schools.

    Poets & Quants also reported that Owen reduced the average student debt by 9.6 percent in 2013.

    Our secret formula? The school is holding tuition and fees low, increasing scholarships and negotiating for more student internships and sign-on bonuses.

  • Primero!

    Latin Business competition teamHow important is Latin America in global business? Just ask one of the MBA schools who participated in the first U.S.-based Latin Business Case Competition organized by the Vanderbilt Latin Business Association.

    The student-run competition was held at Owen March 28 and welcomed MBA teams from Ohio State, Washington University, Indiana University, Georgia Institute of Technology and University of Southern California, as well as a five-person team from Owen. Indiana University’s Kelley School of Business earned first place and $5,000. Scheller College of Business at Georgia Tech received $2,000 for second place.

    The timing was right to launch a U.S.-based MBA case competition focusing on Latin America, says Luciana Ortega, MBA’14, Latin Business Association president. Participating teams had to recommend a strategic plan based on the actual motivations, opportunities and challenges of international expansion faced by a Latin American company. The challenge was sponsored by Deloitte, AT&T and Vanderbilt University’s Center for Latin American Studies.

  • Couldn’t Happen to a Nicer Guy

    A scholarship established to honor former Career Management Center Director Peter Veruki now bears his name.

    A group that includes Georgiana and Eric Noll, MBA’90; Paul Jacobson, MBA’97; Kevin Kimery, MBA’93; Heiki Miki, MBA’96; Dave Willis, MBA’97; David DiFranco, MBA’99; and Veruki’s wife, Judy Spinella, EMBA’93, established the scholarship in 2012.

    Peter_VerukiUnder funding rules, scholarships can’t be named after a current staff or faculty member, so the need-based scholarship was known as the Wall Street Scholarship until Veruki’s retirement as director of corporate relations last year.

    Veruki has been credited with expanding Owen’s recognition nationwide and with impacting the lives and careers of students for nearly two decades.Veruki hopes that students who receive the Peter E. Veruki Scholarship will be those “who could go to Wharton or Harvard to study finance, but instead chooses Owen because our finance faculty is second to none,” he says. “We’re looking for a person who appreciates the culture we have here—the camaraderie and teamwork.”

    To contribute to the scholarship, contact the Owen Development and Alumni Relations office at (615) 322-0815.