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Smith Staff Volunteer at A Wider Circle

Fri, 2017-05-26 09:19

On May 24, 2017, just a couple of days after congratulating hundreds of seniors at the Robert H. Smith School of Business commencement ceremony, advisors and staff from the Office of Undergraduate Program turned their attention to helping others in the nearby community and spent several hours at a non-profit organization called A Wider Circle in Silver Spring, Md.

Maryland Smith Honors MBAs at Awards Banquet

Thu, 2017-05-25 10:40

The University of Maryland’s Robert H. Smith School of Business celebrated the accomplishments of full-time MBA students at the annual MBA End-of-Year Banquet on May 19, 2017, at the College Park Marriott Hotel and Conference Center. Students nominate their classmates and professors for the awards and a committee of students, faculty and administrators selects the recipients.

What's Missing from the White House's Budget

Thu, 2017-05-25 08:26

When federal budgets are released from the White House Office of Management and Budget, there are typically a few holes here and there, some missing details, and perhaps some wishful thinking since the budget assumes that everything the president proposes will become enacted. That's never the case, which means the budget by design is a statement of intent rather than a legislative blueprint. The budget that recently emerged from the Trump's administration is notable for including more wishful thinking than is typical and leaving more details than most to be filled in, says Phillip L. Swagel, a senior fellow at Smith School's Center for Financial Policy. Read more...

Why the Daily Deal Appears To Be Dying

Wed, 2017-05-24 18:54

Groupon was once the fastest-growing company in the history of the web. Its stock reached a $28 initial public offering high mark in 2011, but now trades at about $4 per share. And despite diversifying its business, introducing Groupon Goods, for example, the company's revenue has remained in decline. It was down last quarter by about 4 percent from the year-ago period, at $673.6 million, a level that was well short of the $725 million analysts had expected. Meanwhile, similar coupon services in the U.S. and elsewhere have pulled the plug on daily deals. As observers ponder such developments as signaling a dying industry, Smith School marketing professor Lingling Zhang offers some insights. She says two factors have significantly hindered Groupon. Read more...

Three Questions for Ford's New Chief

Wed, 2017-05-24 14:10

The future arrived early for Ford’s new CEO, Jim Hackett, who replaced Mark Fields on Monday after the automobile giant lost patience with it former leader just three years into his tenure. Smith School professor David Kirsch says Ford will need its new chief executive to stay in the future as car manufacturers morph into technology companies. That might mean spending more time in Silicon Valley than Motor City. Hackett will also need to answer three basic questions. Read more...

Is Kraft Heinz Eying Colgate-Palmolive?

Wed, 2017-05-24 11:52

Colgate-Palmolive CEO Ian Cook earlier this month signaled interest in selling the company for $100 a share, suggesting a strong possibility that a friendly deal for the company could be struck reasonably soon, Smith School professor David Kass says. He predicted such a move in February. More recently, he described to TheStreet why Colgate-Palmolive could be attractive to Kraft Heinz, 3G Capital or Berkshire Hathaway. Read more...

The Fraud Examiner

Tue, 2017-05-23 10:06

Many of the fraud-fighting heroes who will come together this June in Nashville, Tennessee, for the ACFE Global Fraud Conference are at the top of their careers. But fraud fighters aren’t just born with a sixth sense for schemes. Even heroes must learn what it takes to combat fraud. We talked to a few of this year’s conference speakers about the early cases that left an impression on them and taught them the essentials of fighting fraud. Through these cases they developed persistence, had their lives changed and learned the importance of counting cattle in West Texas.

Congratulations to the Smith School’s Class of 2017

Mon, 2017-05-22 15:39

There was the usual pomp and circumstance, and quite a lot of excitement, as 1,200 students graduated from the University of Maryland’s Robert H. Smith School of Business on Monday at the Xfinity Center on the university’s College Park campus.

Smith Doctoral Program Celebrates 50 Years

Mon, 2017-05-22 13:57

Doctoral students at the University of Maryland’s Robert H. Smith School of Business faced many unknowns in 1966, but they helped launch a top 10 PhD program with alumni working at more than 200 academic institutions worldwide.

Shaking It Up: Finals Season at Smith

Fri, 2017-05-19 09:34

And just like that, its finals week at UMD.

Charles Olson Receives CIBER Award for Teaching Innovation in Global Learning

Thu, 2017-05-18 14:03

The Center for International Business Education and Research (CIBER) at the University of Maryland’s Robert H. Smith School of Business is pleased to announce that Charles E. Olson, a professor in the logistics, business and public policy department, received the second annual CIBER Award for Teaching Innovation in Global Learning.

The WannaCry Legacy: How the Attack Will Shape Cyber Security

Wed, 2017-05-17 14:19

The WannaCry ransomware that has affected more than 230,000 computers in 150 countries now has largely halted its crawl across the globe, but experts say the attack's real impact might be yet to come. The assault could herald a turning point in cyber intrusions and in the way institutions handle cyber security, says the Smith School's Martin Loeb, and co-author, with with Smith School colleague Lawrence A. Gordon, of the Gordon-Loeb Model for Cybersecurity Investments. The widespread attack is exposing "the underinvestment in cybersecurity by many organizations," Loeb says. And the change it sparks could be one of the lasting legacies of the WannaCry attack. Read more...

The Six Big Bank Risks for 2017

Wed, 2017-05-17 12:20

The risk landscape for banks has changed since last year. For starters, Congress and the Trump Administration have started discussions on a regulatory overhaul. And, meanwhile, interest rates are on the rise, and the Federal Reserve is shifting its focus toward maintaining economic gains made in the past few years. All this should further compel banks to embrace enterprise risk management – a relatively nascent strategy that seeks to to identify, assess and prepare for any potential dangers to an organization's operations and objectives as both a day-to-day routine and long-term strategic planning process, says the Smith School's Clifford Rossi. He discusses six big risks facing banks this year. Read more...

Silence After the Dakota Access Pipeline Storm

Wed, 2017-05-17 12:07

After nearly one year of legal and political wrangling, oil starting flowing this week through the Dakota Access Pipeline without much fuss. “There’s nothing to talk about anymore because the pipeline is invisible,” says Smith School professor Charles E. Olson. “It will just run silently underground with much more efficiency than a train does. We won’t see it. We won’t hear it. It will have virtually zero environmental impact. And the pipeline probably is good for 50 years.” Read more...

Getting through Finals with Dogs & Desserts

Wed, 2017-05-17 12:04

It is a well-known fact that furry friends to cuddle and warm cookies to eat help calm the angst of finals week.

MBA Class of 2017 Best & Brightest

Wed, 2017-05-17 11:51

The most recent “Poets & Quants’ Best and Brightest MBAs” listing features two graduates from the University of Maryland’s Robert H. Smith School of Business. Gabrielle Kuey and Alexandra Moore are profiled among 100 of the best MBAs in the Class of 2017, globally.

Business Leader, Philanthropist Invests in Entrepreneurship at UMD’s Smith School

Tue, 2017-05-16 15:40

Thanks to a generous commitment from Robert G. Hisaoka, a 1979 business graduate, students at the University of Maryland will soon have new ways to explore entrepreneurial pursuits and connect what they learn in the classroom with the real world of business and venture creation.

Roland Rust Receives Norwegian School of Economics Honorary Doctorate

Tue, 2017-05-16 11:44

The Norwegian School of Economics (NHH) has named as an Honorary Doctor Roland Rust, Distinguished University Professor and David Bruce Smith Chair in Marketing at the University of Maryland’s Robert H. Smith School of Business.

Dale Pfeifer Talks Getting Social Media Users to Give Back on Dingman Bootstrapped

Tue, 2017-05-16 11:06

The Dingman Center for Entrepreneurship produces Bootstrapped, a podcast featuring founders, investors and serial entrepreneurs. On this episode of Bootstrapped, we interviewed academic turned founder, Dale Nirvani Pfeifer.

Student Consultants Celebrate A Semester Of Hard Work At Change The World Consulting Showcase

Fri, 2017-05-12 11:43

After a semester’s worth of meetings, research, and google hangouts -- students participating in Change the World Consulting (CTW) came together to showcase their recommendations and celebrate their hard work. Held every semester, the Change the World Consulting Showcase has historically been a time to mark the end of a formative journey for CTW consultants; a group of hardworking undergraduate and graduate students placed on multidisciplinary teams to help nonprofit clients solve critical business problems in semester-long consulting engagements.