Foster MBAs place second in world at International Venture Capital Investment Competition

A team of MBA students at the University of Washington's Michael G. Foster School of Business took second place in the International Venture Capital Investment Competition (VCIC) April 17-19 at the University of North Carolina's Kenan-Flagler School of Business. The Foster MBA team beat rivals from University of Pennsylvania (Wharton), University of California Los Angeles (Anderson) and Manchester Business School, while mounting a strong challenge to the first-place team from Massachusetts Institute of Technology (Sloan).

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Foster MBAs win second-straight CIBER International Case Competition

Even a freak Midwestern earthquake couldn't prevent a team of first-year MBA students at the University of Washington's Michael G. Foster School of Business from winning the CIBER International Case Competition – for the second-consecutive year.

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Foster is people's choice at 10th annual Global Business Case Competition

National University of Singapore takes top honors while Foster School is the people's choice at the 10th Annual Global Business Case Competition.

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Does greater trust improve financial performance of joint ventures in China?

New research challenges conventional wisdom
Marketing literature often highlights the importance of trust in collaborative entities’ financial performance. However, new research on international joint ventures in China demonstrates the complexity of multilevel trust and warns that some types of trust can lead to negative outcomes.

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Foster undergrads place 3rd at Business Strategy Challenge

A team of UW Foster School of Business undergraduates won third place at the fourth annual Business Strategy Challenge at Georgetown University in Washington, DC. The competition challenged students to create a fundraising and management plan for a non-profit charter school.

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Rick Steves talks to alumni about making a mint on budget travel

Travel teacher. Entrepreneur. Millionaire. Rick Steves (BA 1978) has carved a niche in the travel industry by turning budget travelers into savvy travelers. At a UW Foster School of Business event March 25, he talked to alumni about building his business from shoestring budget to $40 million per year operation and about the political value of travel.

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Global Social Entrepreneurship Competition moves social responsibility to the bottom line

The fourth annual University of Washington Global Social Entrepreneurship Competition (GSEC) took place at the Michael G. Foster School of Business February 25 - 29. First place with an award of $5,000 went to KAITE, a German and Zimbabwe organization that farms, harvests and sells organic oils and herbs. UW's Foster School team came in second with an award of $2,500 for their Rabuor Sunflower Farm business plan to help Kenyans move out of poverty via producing and selling sunflower oil.

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Foster MBA Challenge for Charity auction raises $175,000

MBA students from the University of Washington Foster School of Business raised nearly $175,000 at this year’s Challenge for Charity (C4C) “Best of the Northwest” Dinner and Auction Gala, in support of Special Olympics Washington and the Boys & Girls Clubs of King County.

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UW PhD student awarded $25,000 Deloitte fellowship grant

Elizabeth C. Chuk, a University of Washington Michael G. Foster School of Business accounting PhD candidate, was recently awarded a $25,000 fellowship grant from the Deloitte Foundation. Chuk is one of 10 recipients of the non-profit organization's Doctoral Fellowship Program, which awarded a total of $250,000 in 2008.

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BusinessWeek ranks undergraduate program 11th among public schools

BusinessWeek magazine’s third annual ranking of the nation’s best undergraduate business school programs placed the University of Washington’s Michael G. Foster School of Business undergraduate business administration program 11th among public institutions, down two spots from last year.  The Foster School ranked 33rd among both public and private universities.

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Washington minority business owners are optimistic; UW survey points to growth

Minority small-business owners in Washington voiced increased optimism about their prospects—even amidst the threat of recession—during the last half of 2007.  Minority business owners in the survey cited significant increases in quarterly sales and profits, and 30 percent of businesses surveyed expected to hire new employees within three months.

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Bead sale aims to end poverty in Uganda one bead at a time

Undergraduate students from the Association of Black Business Students and the Retail Management Program sold beaded jewelry made by impoverished Ugandan women, raising $3,300 for Bead for Life.

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Foster MBAs win regional Venture Capital Investment Competition

A team of five MBA students at the University of Washington's Michael G. Foster School of Business has won the Silicon Valley Regional Venture Capital Investment Competition (VCIC).

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Foster School MBAs reign supreme at Wake Forest Marketing Summit

A seven-member team of Michael G. Foster School of Business MBA students dazzled judges and company executives with its sophisticated, yet practical solution at the invitation-only Wake Forest Marketing Summit, February 9.

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Corporate responsibility panel encourages UW students to seek meaningful careers

The number of companies that "walk the talk" of corporate social responsibility is growing rapidly, expanding opportunities for young people who wish to make a difference in the world through their business careers. A panel of experts discussed trends and opportunities in sustainable business practices at a public forum February 6 at the UW Foster School of Business.

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UW honors major donation by naming PACCAR Hall

University of Washington President Mark A. Emmert announced today that the Michael G. Foster School of Business will name the first of its two new buildings in recognition of an $18 million gift from PACCAR and the Pigott family. The building, PACCAR Hall, was approved by the UW Board of Regents.

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UW students win inaugural MBA case competition in China

Michael G. Foster School of Business MBA students won "Best School Team" at the first-ever Chinese international case competition in Beijing on Jan. 5. Their prize was $5,000 at the 2008 East-West MBA All-Star Case Challenge.

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Dean Jiambalvo and Foster Foundation named "Newsmakers of 2007"

The Puget Sound Business Journal has named Jim Jiambalvo, dean of the University of Washington's Michael G. Foster School of Business, and The Foster Foundation, benefactor of $50 million in philanthropy to the newly named Foster School, two of its "Newsmakers of 2007."

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Global Social Entrepreneurship Competition doubles participation

Submissions to the 2008 UW Global Social Entrepreneurship Competition (GSEC) have more than doubled this year. The Global Business Center at the Foster School of Business, organizer of the annual international event, received 80 business plans from enterprising student teams around the world.

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Senior UW lecturer named to "Best of Puget Sound" list

The Seattle Times editorial board has named Debra Glassman, a senior lecturer in business economics at the Michael G. Foster School of Business, one of ten people and institutions that have done the most to make the Puget Sound region a better place to live in 2007.

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UW Minority Businesses of the Year for 2007 unveiled

More than 500 entrepreneurs and business leaders attended the ninth-annual University of Washington Minority Business of the Year Awards ceremony, November 29 at the Seattle Westin. This largest gathering of the state's minority business community recognized outstanding achievement by people of color in building and growing businesses in Washington State.

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Relationship marketing builds illusionary loyalty as salespeople capture customers’ hearts

The battle to win and keep customers in an increasingly competitive and crowded marketplace has become tougher as more companies and products are available to the free world. In response to these competitive pressures, companies are increasing efforts to build customer loyalty --commonly referred to as relationship marketing -- but have these efforts been a waste of marketing dollars, or money well spent?

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Business Week ranks Foster School’s Evening MBA Program 2nd among public business schools

For the first time ever, Business Week has ranked part-time business school programs in the U.S. The Evening MBA program at the University of Washington’s Michael G. Foster School of Business ranked 2nd among public schools and 16th nationally.

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Leadership Banquet honors remarkable alumni, legendary professor

At the 2007 University of Washington Business Leadership Banquet, November 1 at the Sheraton Seattle, the Michael G. Foster School of Business paid tribute to William S. Ayer (MBA 1978), Leslie Koo (BA 1977) and Ray Williams (BA 1957), three of its most accomplished alumni. Each received the School’s 2007 Distinguished Leadership Award.

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Holier than thou?
Employees who believe they are ‘ethical’ or ‘moral’ people might not be

Bad behavior seems rampant in business, and scholars are divided as to why people act ethically or unethically. Many have argued that ethical behavior is the result of simple judgments between right and wrong. Others suggest that the driving force behind ethical behavior is the individual’s moral identity, or whether the individual thinks of him/herself as an ethical person.

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Scholarship Breakfast Celebrates Power of Giving

The Michael G. Foster School of Business celebrated the virtuous cycle of giving at its annual Scholarship Breakfast in mid-October.

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Foster School Welcomes Five New Faculty

The 2007-2008 academic year at the Michael G. Foster School of Business kicked off with five outstanding new faculty members. The new professors join the current Foster School faculty that has already built a leading-edge research reputation. Throughout the various academic departments, the School consistently ranks among the top 20 U.S. business schools, both public and private, for research productivity.

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Foster School of Business Advisor Wins UW Volunteer Award

Michael G. Foster School of Business advisor and longtime University of Washington volunteer Artie Buerk (BA 1958) received the Gates Volunteer Service Award at the Sixth Annual Recognition Gala on Sept. 7, 2007 for his years of outstanding volunteer leadership at the UW.

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UW Names Business School to Honor Michael G. Foster

University of Washington president Mark A. Emmert announced today that the UW Business School is being renamed in recognition of gifts from The Foster Foundation totaling $50 million, with $46.5 million made during Campaign UW: Creating Futures. The School will be called the Michael G. Foster School of Business, subject to approval by the UW Board of Regents at its regularly scheduled meeting Sept. 20.

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PACCAR funds MBA teaching award for 10 more years

PACCAR Inc, a global technology leader in capital goods and financial services, has renewed the PACCAR Award for Teaching Excellence at the University of Washington for an additional 10 years.  The PACCAR Award, given annually since 1998, is the most prestigious graduate school of business teaching award in the United States. 

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Fewer degrees of separation make companies more innovative, creative

“I read somewhere that everybody on this planet is separated by only six other people. Six degrees of separation between us and everyone else on this planet,” quips the character, Tess, in John Guare's 1990 play “Six Degrees of Separation.”

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UW Business School launches new MBA Web site

The UW Business School today launched a renovated Web site for its flagship MBA program. Highly ranked by the Wall Street Journal, BusinessWeek, U.S. News & World Report, The Economist, and the Financial Times, the Full-time MBA program draws ever more talented students annually, who as graduates put their MBAs to work in a broad selection of successful careers.

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CEOs reap rewards from mergers regardless of stock performance

Following an acquisition of another company, chief executive officers' compensation levels usually increase, even when the purchase turns out to be unprofitable, according to researchers at the University of Washington and University of British Columbia.

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Professor Mark Hillier Wins $25,000 PACCAR Award

Associate Professor Mark Hillier was selected by a panel of MBA students to receive the 2007 PACCAR Award for Excellence in Teaching. The announcement was made during MBA commencement ceremonies on June 9.

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UW Business School recognizes top faculty and staff

As another class of UW Business School graduates received their degrees last week, the School also handed out its annual awards honoring exemplary faculty and staff achievement for academic year 2006-07:

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Undergrads celebrate Business School life
May 21-25

Beginning Monday, the Undergraduate Business Council presents the third-annual Undergraduate Business Week, a multi-day celebration of life at the UW Business School. The festival runs from May 21 to 24, featuring multiple events hosted by different student organizations at the Business School.

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Washington's minority businesses guardedly optimistic despite hurdles

Competition from big businesses, unmet financing needs and weak sales forecasts are the most pressing concerns shared by Washington state's minority small-business owners, according to researchers at the University of Washington. They found that minority business owners in the state are, much like entrepreneurs across the country, confident about their abilities to succeed despite the fact that fewer than one-third of them feel the state's business climate is supportive.

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UW to offer undergraduate exchange program with Peking University

The University of Washington Business School and the Guanghua School of Management of Peking University have joined forces to offer an exchange program for undergraduates, Dean James Jiambalvo announced today. Professor Weiying Zhang, Dean of Beijing’s Guanghua School of Management, was in Seattle to officially sign an agreement with the UW that will allow business majors the chance to study in Beijing and Seattle beginning next year.

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Business School hosts Microsoft CEO for USA Today forum

The UW Business School recently hosted a public interview with Microsoft CEO Steve Ballmer as part of USA Today's ongoing CEO Forum series.

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Huskies crush competitors, capture first place in SHRM contest…

Three undergraduate women representing the UW Business School took first place in the Northwest Human Resource Management Association's (NHRMA) student conference and competition held last weekend in Ellensburg on the campus of Central Washington University.

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Rising entrepreneurs present diverse business plans at UW competition

Business school students from Washington universities will present their concepts in this exhibition-style session to 150 judges comprised of angel investors, entrepreneurs, lawyers and venture capitalists. Each judge will have $1,000 in faux dollars to invest in what they consider are the most promising companies. Fifteen of the 31 teams will be eliminated after this investment round.

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Danes win Global Business Case Competition

The Copenhagen Business School has won the ninth annual UW Global Business Case Competition, held in April on the University of Washington campus.

This year’s edition drew 64 undergraduate students from top business schools in Australia, Brazil, Canada, Denmark, France, Germany, Mexico, Peru, Portugal, Serbia, Singapore and the United States. A team comprised of students from Brazil, Denmark, Singapore and the United States also competed, and reached the final four, along with the National University of Singapore and Concordia University.

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Alumnus is runner up on “The Apprentice”

He’s fired. James Sun (BA 1999) was the unfortunate final recipient of Donald Trump’s infamous dismissal, issued in the waning moments of “The Apprentice” season finale which was taped live at the Hollywood Bowl Sunday night.

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Sen. Bill Bradley speaks to class on contemporary U.S. workplace.

Former U.S. Senator and NBA star Bill Bradley was in Seattle last week to address students enrolled in the innovative course, "The Contemporary U.S. Workplace: Social Welfare and Efficiency in Firm-Employee Relations." The course, a joint project by the UW Business School and the UW School of Social Work, challenges students from various disciplines to explore both the practicalities and ethics of embracing business practices that balance profits with the needs of employees and the community.

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Competition challenges undergraduates from around the world

Students from universities spanning the globe will congregate in Seattle April 16-21 to compete in the University of Washington Business School's ninth annual Global Business Case Competition. The week's events will give participants the opportunity to build cross-cultural relationships, experience the city of Seattle and provide analyses and business recommendations of a real-world case within a timed, two-day period.

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Accounting undergrads win Deloitte National Case Competition

A team of accounting students from the UW Business School has won the Deloitte National Case Competition.

At the national final last weekend in Scottsdale, Ariz., the UW team of Joe DeVleming, Andrew Holland, Roya Labib and David Myre topped the competition from USC, Florida A&M University, the University of Houston, Miami (Ohio) University and Michigan State University. All had advanced to the national final by winning preliminary regional competitions around the United States last fall.

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CFO Forum to kick off day of discussion on finance and sustainability

A special spring CFO Forum, April 4 at the Business School, will explore the impacts of sustainability concerns on investors, financial managers and the financial services industry.

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Accounting faculty named to FASB research initiative

The Financial Accounting Standards Board (FASB) has named two UW Business School faculty members to its new seven-member Financial Accounting Standards Research Initiative (FASRI). Shiva Rajgopal, the Herbert Whitten Professor of Accounting, has joined the initiative’s survey research team. Frank Hodge, an assistant professor of accounting and a Lane A. Daley Faculty Fellow, has joined the experimental research team.

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Challenge For Charity auction sets new standard… again

The 2007 MBA Challenge for Charity (C4C) Gala and Auction raised more than $208,000 to support Special Olympics Washington and the Boys & Girls Clubs of King County, surpassing the previous record of $158,000 that was tallied at last year's event.

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Should I stay or should I go?
What makes employees voluntarily leave – or keep – their jobs

Employers would be better at keeping workers if they focused on why their employees want to stay rather than what kinds of things make them quit, according to researchers from the University of Washington and Truman State University.

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UW Ranks #25 in BusinessWeek's "Best Undergraduate Business Schools"

Business Week magazine has ranked the University of Washington's undergraduate business administration program 8th among public institutions, 25th among both public and private universities, and 4th for giving its students return on their investments.

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UW MBA Team Tops International Case Competition

A team of first-year MBA students at the UW Business School took first place honors at the University of Kansas CIBER International Case Competition at the KU campus in Lawrence this past weekend.

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Indian team wins UW Global Social Entrepreneurship Competition

Curb Carbon, Ltd., a venture created by two students of ICFAI Business School in India, has won the third-annual UW Global Social Entrepreneurship Competition (GSEC), held at the University of Washington Business School February 26 to March 2.

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UW Business School to create new entrepreneurship program with gift from Leonard Lavin

The University of Washington Business School announced today that Leonard Lavin, founder and chairman emeritus of the Alberto-Culver Company, has donated $2 million to establish the Leonard and Bernice Lavin Entrepreneurial Action Program (LEAP).

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Look around any organization and chances are you'll be able to find at least one person whose negative behavior affects the rest of the group to varying degrees. So much so, say two University of Washington researchers, that these "bad apples" are like a virus to their teams, and can upset or spoil the whole apple cart.

UW Business School senior named Seattle P-I Sports Star of the Year

Courtney Thompson, a senior at the UW Business School, has been named the Seattle Post-Intelligencer's Female Sports Star of the Year. She was honored along with former Husky basketball star Brandon Roy at the 72nd annual P-I Sports Star of the Year banquet January 24.

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UW Business School snags second place in nation's 'Rose Bowl' of MBA case competitions

Four University of Washington master’s of business administration students captured second place in the fourth annual Pac-10/Big Ten MBA Case Competition held last weekend at Arizona State University. The team earned high marks for its analysis of the selected case, which examined international growth strategy and financial risk management for Rayovac Corporation.

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UW Business School faculty ranks first in productivity index

According to a new index of research productivity, the UW Business School has the nation’s most prolific faculty in the area of business administration. The Faculty Scholarly Productivity Index, released this week, also rated the School’s marketing faculty eighth most productive nationally.

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Virtual experiences can cause embellished, false memories

The next time you're in the market for a new camera, it might be best to read about the product's capabilities in a brochure rather than taking it for a test-run in an interactive, computer-generated virtual world.

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UW's Executive Education program rated #3 by The Economist

The Economist Intelligence Unit, publisher of The Economist magazine, has ranked the University of Washington’s Executive Education program third of its kind in the world.

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A company's reputation is what gets fried when its books get cooked

While fines imposed by regulators and courts on companies that falsify records may seem substantial, a new study finds the largest monetary penalties suffered by these companies are the result of a damaged reputation when news of their misconduct was reported.

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Bargain or Waste of Money? Consumers Don't Always Agree

Once consumers buy an item, it is often difficult for them to get rid of it, even if it makes rational sense to do so. This is even the case if those purchases might include shoes that cause blisters or clothes that no longer fit, said Erica Okada, an assistant professor of marketing at the University of Washington Business School.

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Banquet Honors Distinguished Leaders, Explores Sonics' Future

The 2006 Business Leadership Banquet, October 19, paid tribute to Leonard H. Lavin, Sally Jewell and Lex Gamble (BA 1959), three great friends of the UW Business School from three very different fields. Each received the UW Business School’s 2006 Business Leadership Award.

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The Economist has ranked the University of Washington's master's in business administration program 27th among the world's best 100 business schools. The 2007 Economist Intelligence Unit's ranking of the world's top 100 full-time MBA programs can be found at http://www.which-mba.com.

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Posted 10/05/06

People who experience emotional ambivalence – simultaneously feeling positive and negative emotions – are more creative than those who feel just happy or sad, or lack emotion at all, according to a new study.

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Posted 09/25/06

Concerns that managers of publicly traded companies punish analysts with unfavorable stock recommendations are likely warranted, a new study reveals.

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Posted 09/21/06

The University of Washington’s Center for Innovation and Entrepreneurship graduate program has been ranked the fifth best in the country according to Entrepreneur magazine. The results of the survey, along with the analysis, appear in the October issue of the monthly magazine, which hits newsstands September 26.

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Posted 08/30/06

Orin Smith, retired Starbucks president and chief executive officer, has donated $4.5 million to the University of Washington Business School to help fund its new buildings.

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Posted 08/02/06

The University of Washington Business School announced today the gift of $1.5 million from Robert J. Herbold, managing director of Herbold Group, LLC, to establish an endowed professorship in entrepreneurship and a venture creation laboratory within the school's Center for Innovation and Entrepreneurship.

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Posted 07/05/06

J. Gary Shansby, co-founder and chairman of TSG Consumer Partners and a graduate of the University of Washington Business School, has given $1 million to establish the J.Gary Shansby Endowed Chair in Marketing Strategy and $5 million to support the school's construction of a new facility. 

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Posted 06/09/06

Senior accounting lecturer Bill Resler and accounting grad Ward Serrill (BA 1978) have collaborated on the critically acclaimed documentary film, “The Heart of the Game,” set for release across the country.

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Posted 05/22/06

With more than $70,000 in seed money up for grabs at the University of Washington Business School's ninth annual Business Plan Competition, it's not surprising that this year's 'Sweet 16' teams have spent the past few weeks refining and practicing their presentations for one of the largest events of its kind in the country.

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Posted 04/11/06

A team of undergrads from the Universidade de São Paulo took first place in this year’s UW Global Business Case Competition; the home team reached the final four.

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Posted 04/11/06

A team of UW MBAs has won the prestigious international Venture Capital Investment Competition for the second time in three years.

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Posted 04/03/06

All the research and learning business students receive from classroom discussions and textbooks may be helpful for standardized tests, but this week, a complex, current global economic issue presented in the form of a case study will require much more of students participating in the University of Washington Business School's Global Business Case Competition.

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Posted 03/27/06

Students who want to know what employers should do for their employees from both economic and moral perspectives will have the chance to learn from some of the region's most respected employers this quarter in a new class co-taught through the University of Washington's School of Social Work and the Business School.

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Posted 02/23/06

A four-person undergraduate team from the UW Business School won the case competition in February at the Emerging Leaders Conference at the University of Texas in Austin.

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Posted 02/21/06

Students from around the world will compete in the UW's Global Social Entrepreneurship Competition and will offer their business ideas designed to improve the quality of life in developing countries.

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Posted 01/30/06

The London-based Financial Times released its new global rankings for MBA programs on January 30, with the UW Business School moving up from 93 to 61 among the world's top 100 business schools.

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Posted 01/09/06

Corporations like Enron that overemphasize outcomes such as profits might make their leaders blind to ethics and limit their abilities to recognize ethical or moral issues when they surface, according to a University of Washington study.

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Posted 01/06/06

The UW Business School hosted a candid "CEO Exchange" between Starbucks CEO Jim Donald and Nordstrom President Blake Nordstrom during a live taping of the national PBS business show January 5 at Meany Hall for the Performing Arts.

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Posted 01/04/06

Forbes Japan voted Yoshihiko Miyauchi (MBA 1960) "CEO of the Year" for 2005 in its annual ranking of the 100 most influential business leaders in Japan.

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