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Video – International learning

Video – Startup – Form and function

Video – Research – Opportunity of a lifetme

Video – Carlson reaching out – net impact

from the dean

The Carlson School is dedicated to creating strong, productive, and lasting relationships that contribute to an effective, dynamic global economic community. In this issue of Carlson School, our main feature sheds light on a variety of our community connections and the impact these efforts have had and will continue to have for years to come.
        Our connections to the corporate world run both wide and deep—a characteristic that enhances our curricular and extra-curricular offerings and distinguishes us from our peers. Carlson School alumni serve as senior executives for some of the largest names in the business world: Cargill, Deloitte LLP, Ecolab, General Mills, McKesson Corporation, 3M Company, Target Corporation, The Toro Company, U.S. Bancorp, The Walt Disney Company, and Wells Fargo, to name just a few.
        With such ties to the world’s most successful companies, executives routinely serve the school and its students as mentors, classroom instructors, sponsors, and members of advisory boards for the school’s academic programs and research centers. Many companies look to the Carlson School to meet their corporate recruitment needs. Still other companies benefit through collaborations with our Enterprise programs and through faculty consulting. And more than 250 companies from around the country turn to the Carlson School’s Executive Education program each year for both customized and open enrollment non-degree professional development offerings.
        In keeping with the University of Minnesota’s mission to participate in outreach and public service, the Carlson School assumes the important responsibility to reinvest its resources in the communities in which we live and work. Key to this commitment are students, both undergraduate and graduate, who contribute their talents, expertise, and knowledge to serve the public good through service organizations such as “Net Impact” and “Students Today, Leaders Forever.”
        The work our various centers and institutes perform in the community has strengthened our level of engagement and yielded significant dividends throughout our community. In the pages to follow, you’ll learn about the Center for Integrative Leadership, a joint venture between the Carlson School and the Hubert H. Humphrey School of Public Affairs, and its successful efforts to bring together a wide variety of audiences around the topic of antibiotics in agriculture. In addition, you’ll see how our Holmes Center for Entrepreneurship has combined efforts with Deluxe Corp. to create the “E-ternship Program,” which places undergraduate students with early-stage companies.
        Importantly, we extend our commitment to community on a worldwide scale. In this issue of the magazine, you’ll read about the Carlson School’s global relationships and their impact on our students, alumni, and business partners around the world.
        While our connections are unquestionably global, our impact on the state of Minnesota and the surrounding areas has truly been transformational. After 91 years of serving as the state’s leading business school, it is eye-opening to imagine what the state of Minnesota’s business climate would be like if the Carlson School had never existed. In the following pages, business leaders comment on the impact we’ve had and the region’s bright future we’ve helped to shape.
        The Carlson School is known for many strengths. But among the most important are the myriad and meaningful relationships we’re building in the world around us. I hope you enjoy this issue of Carlson School and, as always, I look forward to receiving your comments.
        Lastly, by now many of you are aware of my plans to assume the deanship at the Stephen M. Ross School of Business at the University of Michigan, effective August 22 of this year. I will always be grateful for the opportunity to have served the Carlson School and in particular, to have worked with such an amazing group of alumni. You are extremely important to what the school has become and to what the school will be. I am proud of what we have accomplished together and confident in the successes that lie ahead.

Alison Davis-Blake, Dean Investors in Leadership Distinguished Chair in Organizational Behavior

alumni world – what is gold?

What is GOLD?

GOLD stands for Gophers of the Last Decade and it is the new Carlson School undergraduate alumni group dedicated to alumni who graduated in the past 10 years. GOLD serves and supports recent graduates with programs and communications that are uniquely tailored to their needs and perspectives.
GOLD events, news, and activities are promoted through a GOLD-specific electronic newsletter. The GOLD newsletter is sent every month to those who graduated from the Carlson School in the last 10 years.
Want to get involved?
For information on how to get involved with the GOLD program, contact Stephanie Hagel at shagel@umn.edu or (612) 626-9486.

alumni world – doran challenge update


Carlson School alumni heeded the call.

Last fall, Kelly Doran, ’82 MBA and founder of Doran Companies, issued a challenge to Carlson School Alumni – he would match every new Annual Fund gift up to a total of $100,000. Alumni more than answered Doran’s Challenge. By the end of January, 573 new donors contributed $152,312.
        “I knew that we had generous alumni, but I was delighted to see the outpouring of support especially in such a timely manner. These [Annual Fund] dollars are critical in addressing the current needs of the school and make such a large impact,” Doran says.
        Gifts to the Annual Fund support the Carlson School in many ways, says Dean Alison Davis-Blake. “The Annual Fund enables us to offer scholarships and fellowships for new and current students, recruit and retain world-class faculty, and allow us to take advantage of unique opportunities as they present themselves,” she says.
        The Carlson School offers its utmost thanks to Doran and to all of you who helped to fulfill this challenge. If you have not yet made your gift, your support is still greatly needed and appreciated. To make your gift online, please visit www.carlsonschool.umn.edu/giving/.

alumni world – full disclosure


How a surprise revelation about the past helped motivate a couple to expand their support of the Carlson School.

Businesswoman Mary Green Swig believed she knew the details of her late mother’s life: that she studied literature at the University of Minnesota, enjoyed reading and writing, and was a very bright mother of five children. But she learned a whole lot more after making a connection with the University.
Mary Green Swig quote        First, Swig and her husband, Steve, provided financial support for a Nepalese friend to earn his doctorate at the University. Then they decided to make a gift in honor of Mary’s mother, Christina Chaffee Davey. A little bit of digging by a development officer discovered some surprising facts: Davey was months away from graduating from the University in 1939 with a degree in business when she left school. She previously had told Swig that she dropped out mid-semester, taking incompletes, because she didn’t want to have more of an education than her husband.
        “I never knew she had gone to business school,” says Swig, who founded and serves as president and CEO of Mary Green, a San Francisco–based apparel company. “I have no idea why she changed from English to business. But I know she raised a daughter who is very entrepreneurial. After I found this out, I thought, ‘My gosh, did it come from her?’ It’s such a wonderful gift.”
        The Swigs are quite an entrepreneurial couple. Mary launched her company more than 30 years ago and turned it into a global designer and manufacturer of high-end apparel. Steve, an attorney, cofounded and serves as president emeritus of the Presidio Graduate School, a San Francisco institution that offers MBAs and master’s degrees in public administration with a focus on sustainability.
        Throughout her years in business, Swig has hired people from around the world, including refugees from Burma, Vietnam, Czechoslovakia, and Bulgaria.
        When the Swigs heard about Carlson Net Impact, they knew they found the perfect fit for their financial support; the organization focuses on using business to create a more socially and environmentally sustainable world. “Net Impact just spoke to us,” she says, adding that it’s also an ideal way to honor her mother. “Students are going out into areas where there are large immigrant populations and helping them figure out how to do business and make it work. How cool is that?”

alumni world – class notes


Daniel J. McCormick ’73 BSB, was named interim president of the Brighton Hospital by the St. John Providence Health System. He came to Brighton Hospital from the Hazelden Foundation.
Thomas J. Hauschild ’76 BSB, was elected chair of CommonBond Communities’ board of directors. CommonBond owns and manages properties in more than 50 cities in Minnesota, Iowa, and Wisconsin, and provides rental homes for families, seniors, and people living with disabilities.
Patrick Spangler ’78 BSB, was appointed CFO of Epocrates Inc., a developer of drug and clinical reference solutions. He has more than 30 years of experience in operations, public offerings, financial management, and mergers and acquisitions for start-ups and Fortune 500 companies.


Robert Coale ’82 MBA, was appointed president of Patriot Gold Corp. He has been a member of the firm’s board of directors since June, 2003, and has provided technical oversight to the company during the evaluation of properties in Nevada and Arizona.
Betty Albitz ’84 BSB, was recognized as one of Finance & Commerce’s Top Women in Finance, an award that honors the efforts of women making notable contributions to their professions, communities, and society at large.
Michael Ranum ’86 MBA, was named BWBR Architects’ CFO. He joined the firm as manager of operations in 2007.
Bob Haines ’89 MBA, is CFO of United FCS in Willmar, Minn. United FCS is a member of the Farm Credit System, a nationwide network of banks and retail lending associations.
Stacey D. Millett ’89 MBA, was appointed to the Board of Dietetics and Nutrition Practice by former Minnesota Governor Tim Pawlenty. She is director of family services with Twin Cities Habitat for Humanity in Minneapolis, and has more than 20 years of non-profit leadership experience.


P. Michael Sidders ’91 MBA, has been appointed vice president, ecommerce marketing, for Shopko. He previously held marketing and ecommerce positions with Gander Mountain, Northern Tool & Equipment, and Fingerhut Direct.
Dave Walstad ’91 MBA, was named vice president of sales and marketing for Virteva, a Twin Cities-based IT firm. He previously was a senior executive at Agiliti.
Robert J. Evans ’93 MBA, was named director of investor relations by the Dolan Co. He has been with the company since 2007.
Craig R. Schmidtke ’94 BSB, was named vice president of business development and product strategy for Twin Cities-based IT firm Virteva.
Chris Manlove ’95 MBA, joined MMX Management in New York and Minnesota. He was previously managing director of client relations for Deephaven Capital Management, and is also a chartered financial analyst and a member of the Twin Cities Society of Security Analysts.
David Grazman ’97 PhD, was named vice president of Heartland Alliance and executive director of Heartland Health Outreach. He previously was vice president for strategic planning at CBIZ The Leifer Group in Leawood, Kan.
Vickie Conley ’99 MBA, was hired by Alquest, a Twin Cities- based clinical research organization and regulatory consultancy. She previously served as Medtronic’s global director of strategic marketing for structural heart disease.
Gary Maharaj ’99 MBA, was named president and CEO of SurModics Inc., and will serve on the company’s board of directors.


Jim Bernard ’00 MBA, was named the Star Tribune’s senior vice president for digital. He previously was general manager of MarketWatch.com.
Michael Egermann ’00 MA-HRIR, is director of human resources for Amgen, Europe North, and Australia.
Craig Heyrman ’00 MA-HRIR, is director of human resources, Switzerland and European hub operations, for Merck.
Richard D. Nehm ’00 MBA, accepted a role as global vice president of sales and marketing at the Swiss-based World Medical Device Organization. He is also celebrating the arrival of his son, Viktor Carl Richard Nehm, who was born on July 19, 2010.
Michael Murrell ’02 MBA, was named director of asset and property management of Southeast Europe for AIG/Lincoln in Budapest. He has worked in Europe since 2005, and has been involved with commercial real estate investments and asset management in Germany, Latvia, Hungary, Bulgaria, Finland, Romania, and Slovakia.
Mike Berry ’05 MBA, was named director of finance for Enprecis Inc. He previously was a technology investment banker for KeyBanc Capital Markets.
Adam Kahle ’06 MA-HRIR, joined Grant Thornton LLP as a senior associate in the firm’s compensation and benefits consulting area.
Brian Kalinoski ’06 MA-HRIR, joined Polaris as a senior international human relations specialist.
Lars Leafblad ’06 MBA, was recognized in Minnesota Business’ “2010 Minnesota Business Encyclopedia” for his work launching Pollen, a virtual networking community for civic-oriented executives, entrepreneurs, and leaders.
Kristin Lee ’06 MA-HRIR, joined Cargill as a senior human resources generalist.
Katie Oberg ’07 MA-HRIR, is a human resources manager for ConAgra Foods.
Ellen Kleiner Weinstein ’07 MA-HRIR, was named director of academic services at the University of Washington’s Evans School of Public Affairs.

international learning


At a time when many students around the world were still ringing in the new year, the second-year cohort of the Carlson School’s Full-Time MBA program traveled the globe to not only broaden their horizons, but help area companies gain a broader understanding of conducting business in emerging markets.
        Carlson School student visits to the emerging markets of Chile, China, and Turkey (along with one group visiting Silicon Valley) were the second component of a new Global Discovery course that integrates classroom, clinical field visits, and interactive symposium-based learning around a single topic touching on management and international business.
        The inaugural class, Winning Strategies for Minnesota Business and Trade in Emerging Markets, focuses on managing businesses in emerging-market countries, how Minnesota firms can succeed in these markets, and how firms in the emerging-market countries can enter and thrive in the state and surrounding area.
        “The rules of the business game are not well settled in emerging markets,” says Associate Professor Paul Vaaler, course coordinator and field work faculty leader for the group that traveled to Turkey. “Global Discovery is about bringing our students— our budding professionals—to that Dodge City of the world where opportunities as well as dangers are rife, and letting them know there’s a broader business community for them to engage.”
        For the course, the Carlson School enlisted several prominent Minnesota-based multinational corporations such as 3M, Cargill, Ecolab, Hormel, and Medtronic to provide insight on challenges and opportunities they deal with in emerging-market countries. At each destination, the students conducted site visits, met with local political leaders to understand the political situations of these areas, and interacted with various business groups, including local chambers of commerce and organizations for expatriate business executives and entrepreneurs.
        “When we visited these companies abroad, we were meeting with their A-squads,” says John Young, ’11 MBA, who traveled to Turkey. “We were exposed to not just the day-to-day operations, but the overall strategy and what the managers are thinking. This gave us a chance to understand that when you do go abroad you might be expected to bring a different set of resources, a different set of tools than you need domestically.”

Lessons Abroad Shared with Local Community

Following their return, the students shared their findings with the public in an effort to help Minnesota, Iowa, North Dakota, and South Dakota companies more effectively conduct business in emerging markets. Sponsored by the University of Minnesota’s new Center for International Business Education and Research (CIBER), Global Discovery Symposium: Emerging Markets – Opportunities and Challenges, focused on the themes of risk, innovation, and governance.
        “With the addition of CIBER to our existing portfolio of international initiatives, we are able to provide further outreach to all of our constituents,” says Michael Houston, associate dean of International Programs.
Visiting with entrepreneurs both in the Twin Cities and Silicon Valley allowed Raj Chavali, ’11 MBA, and his classmates the opportunity to observe the important role an acceptance of failure plays in sparking innovation.
        “As we heard in the panels today, countries like Chile and China are not there in terms of accepting the risks of innovation,” says Chavali. “We hope our presentations shed some light into some of the advantages area businesses would have in emerging markets and made them aware of some of the risks.”
        A mixture of business and government officials listened to the symposium’s panel discussions, which were held in February at the Carlson School.
        “The presentations were very interesting for me because there were a bunch of different perspectives, not only from the students but different companies,” says Jordan Hanlon of Skyline Design in Eagan, Minn., who attended the symposium to gain insights that might help his employer expand. “It was a good opportunity for me to learn more about some different markets.”
Paul Vaaler        According to Vaaler (pictured at left), programs like Global Discovery can serve an important role in growing the region’s international trade and business presence.
        “It’s a difficult thing for a U.S. Commercial Service Officer to be everywhere at once, much as it is for a business professional at a major multinational,” Vaaler says. “Our students can be the eyes and ears of what’s happening on the ground in some of the most exciting business environments for those officials and executives. I heard that in the feedback from those who visited with us today at the symposium.”
        Minnesota Trade Office Deputy Director Ed Dieter, who also attended the Global Discovery Symposium, was impressed with the Carlson MBA students’ observations on emerging markets and excited about CIBER’s future impact on the state, particularly the center’s focus on less-commonly taught languages and research.
        “No one else is looking at some of the research topics CIBER has discussed,” says Dieter. “The basic research that happens here at the University can be a critical piece in the creation of new multinational companies here in the state.”

Classroom Component was Foundation of Holistic Learning

To prepare for their travels, the students received extensive classroom preparation in which they reviewed analytical models and technical measurement approaches to understanding how multinational corporations view risks associated with investing in emerging-market countries, studied economic policy trends across emerging-market countries, and analyzed political business cycles.
        Sri Zaheer, associate dean of Faculty and Research, says the interdisciplinary Global Discovery class was established to further emphasize the school’s commitment to both experiential learning and the international experience.
        “It is our hope that providing our students with first-hand exposure to businesses and leaders in these countries will prepare them for the exhilaration and the challenge of doing business in these countries,” she says.
        “When you combine the pre-departure class sessions and the in-country experiences followed by the symposium, we have a unique blend of activities no other business school offers,” adds Houston.
Panel        For many of the participants, Global Discovery brought classroom lessons to life while foreshadowing future careers.
        “It really illustrated a lot of the points we read about and talked about academically,” says Lydia Gokey, ’11 MBA, of her trip to Chile. “I’m hoping to work internationally, so this fit really nicely into where I want to go when I finish my MBA.”
        Her classmate Raj Chavali agrees. “Global Discovery completed my education in many ways. We’ve sat through a year and a half of classes and really learned about strategy and learned about marketing aspects. To be able to go see these ideas brought to life by entrepreneurs was a powerful experience.”

TOC Home From the Dean Carlson in the Community Corporate Connections Carlson Reaching Out International Network Impact of Carlson Carlson Leadership Transitions Form and Function 5 Things 3 Questions Planting a SEED On the Rise Global Awareness 15 Years of Progress Opportunity of a Lifetime A Fresh Look at the Teenage Material World Investor Sentiment vs. Conventional Market Wisdom Full-Time MBA Students Embark on Global Discovery Class Notes Full Disclosure Doran Challenge Update What is GOLD Home

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