OTC Derivatives Markets: An Introduction to a 700 Trillion Dollar Markets
Wednesday, 20 Feb (7 - 8:30 pm) American Club, Level 3
Dr. Bruce Rade
One of the fastest growing segments in ﬁnance is the derivative’s market. The OTC derivative markets are an unregulated segment of this market, which consists of forward rate agreement, options and swap agreements. Warren Buﬀet has called these markets, the WMDs of the ﬁnancial system. Dr. Rader will give an introduction into the structure of these markets. He will discuss the various instruments such as forwards, exotic options, and interest rate, currency and credit default swaps. The role of these instruments in the ﬁnancial crisis will be explored and the eﬀorts to reign in them will be discussed. This introduction will help the participants better understand the structure of the ﬁnancial system and how it might evolve in the future.
About Dr. Bruce Rader, C.F.A
Dr. Bruce B. Rader (Ph.D. University of Houston 1995), prior to receiving his Ph.D., has had a variety of experience including project management for a wide range of civil engineering projects and institutional sales of ﬁxed income securities. Since joining Temple University's Fox School of business in 1996, Dr. Rader has taught courses in derivatives, corporate ﬁnance, investments and valuation on both the undergraduate and graduate levels. He is a strong advocate of developing critical thinking skills in students in the application of ﬁnancial theory. He is a Chartered Financial Analyst who opinions are quoted by the local news, and his ﬁnancial market commentary is and has been broadcasted by local TV and radio stations.
Deriving International Competitive Advantage from Innovation
Wednesday, November 21 - 7:00pm
Dr. Madan Annavarjula
Innovation and the innovative capability of a ﬁrm driven by strategic deployment of internal resources are considered key drivers of its competitive advantage leading to superior ﬁrm performance. Research has studied the relationship between innovation and international ﬁrm performance. Join Dr. Madan Annavarjula as he delves into the research and explores the relationship between innovative capabilities and the international performance of ﬁrms.
Dr. Annavarjula will identify the various ﬁrm level manifestations of innovative capabilities such as innovation generation, dissemination and strength of innovation. He’ll also discuss how the research helps us understand that innovation driven knowledge of a ﬁrm has several attributes that have performance implications.
About Dr. Madan Annavarjula
Dr. Madan Annavarjula is the coordinator of International Business Program and associate professor of management at Bryant University where he is responsible for program planning, curriculum development and day-to-day administration of the program. He earned his MBA degree from Karnatak University, India and his Ph.D. in International Business at the Fox School of Business, Temple University, Philadelphia in 1998. He teaches International Business and Business Strategy related courses at Bryant University, as well as several reputed institutions including Temple University abroad.
His current research interests include technology strategies of multinational corporations and internationalization of family owned ﬁrms. His research has been published in refereed journals including Journal of Asia Paciﬁc Business, International Journal of Business Innovation and Research, International Journal of Public Administration, Public Administration Quarterly, Journal of Global Business, American Business Review, Journal of Transnational Management Development, International Journal of Organizational Analysis and Journal of Information and Knowledge Management.
Measuring the Impact of Talent Management on Corporate Sustainability
Wednesday, October 17 - 7:00pm
Professor Mike Guglielmo
With a volatile economy, a need for greater agility and the rise of the millennial generation, organizations are faced with a real dilemma – how to hire, develop and manage great talent. Doing talent management well has never been more important. Join Professor Mike Guglielmo, a Temple University MSHRM professor and vice president of talent acquisition and development for a $2 billion revenue health care organization in the US, for a discussion on using best practice talent management techniques, tools and tips, and their relationship to corporate proﬁtability and sustainability. The presentation is intended as a primer for educating new and seasoned leaders around improving retention, engagement, and productivity through the eﬀective development of their company's human capital. In this interactive seminar, Professor Guglielmo will share recommendations on strengthening the employee-supervisor relationship using best practices in communication, performance management, assessments and career development.
Professor Mike Guglielmo
A business professional with 30 years of experience gained at Fortune 500 and mid-sized companies, Professor Mike Guglielmo has held numerous positions in a myriad of disciplines throughout his career. He has held oﬃcer, mid-management, and staﬀ positions in Accounting, Finance, Materials Management, Operations, Information Technology, and Human Resources throughout his career, and draws from this eclectic mix of experience and knowledge in dealing with the daily challenges of corporate America. He is also a Certiﬁed Six Sigma Green Belt and holds a MBTI® Certiﬁcation.
Professor Guglielmo is currently Vice President of Talent Acquisition and Development at Genesis Health Care, a $2 billion enterprise with 40,000+ employees in 23 states. Genesis Health Care provides post-acute, rehabilitative and long-term care for more than 20,000 patients a day. In 2011, he was named HR Person of the Year for the Philadelphia area.
Professor Guglielmo has served as adjunct instructor in the Human Resource Department at the Fox School of Business and Management of Temple University since 1989. He has lectured for Temple's Executive MBA program at the school’s Philadelphia, Tokyo and Singapore campuses; and since 2003, he has taught a graduate level course in HR at Institut de Gestion Sociale (IGS) in Paris.
Professor Guglielmo received his BS in Marketing/Management from Saint Joseph's University, and his MBA in Human Resources from Temple University. He is a member of SHRM (Society of Human Resource Management), IHRIM (International Association for Human Resource Information Management) and ASTD (American Society for Training and Development).
Raising Capital in Private Firms
Wedneday, September 12 - 7:00pm
Dr. David Reeb, Temple University
Join Dr. David Reeb for an overview on the diﬃculties and issues involved in raising capital in private ﬁrms and the various possibilities for obtaining external capital. Research indicates that access to capital by entrepreneurial ﬁrms is a major factor in facilitating economic growth in an economy. At the ﬁrm level, business owners have the skills and expertise in running the ﬁrm but often have incomplete information about the potential avenues for raising capital from external sources. The hurdles and decisions that ﬁrms must navigate in raising external capital include the choice between debt and equity ﬁnancing, diﬀerences between public and private capital, the role of venture capitalists in entrepreneurial ﬁrms, and in evaluating the costs and beneﬁts of the IPO process.
Dr. David Reeb
Dr. Reeb’s research is prevalent in the most inﬂuential academic journals in business and has been featured in the Wall Street Journal, BusinessWeek, The Economist, Forbes, the Financial Times, the International Herald Tribune, Inc Magazine, SmartMoney and MSNBC. Dr. Reeb has been interviewed on both CNN and Bloomberg regarding his studies on the impact of continued founding-family ownership in S&P 500 ﬁrms. Dr. Reeb is routinely ranked above the 95th percentile in overall teaching and value added in the classroom. With over a thousand citations, his research is the most cutting-edge in the world today. Dr. Reeb teaches in the Temple University Singapore Executive MBA program.
Lehman Brothers: Accounting Magic - Deleveraging, Manipulation & Moral Hazard
Wedneday, August 29 - 7:00pm
Professor AJ Kreimer, Temple University
As Wall Street’s problems were reaching a crescendo during 2007 and 2008, Lehman Brothers, a prominent New York based investment bank, faced a continuing drain on its cash and reserves. Its debt laden balance sheet, coupled with illiquid assets with uncertain valuations, constrained its ability to borrow or raise new capital. Lehman needed to convince its lenders, investors and government regulators that its position was not as dire as the rumors on the Street suggested. What happened next involved accounting magic that circumvented GAAP requirements and enabled the company to concurrently deleverage and manipulate the presentation of its balance sheet while under the watchful eye of its auditors and government regulators. Join Professor Kreimer as he discusses how Lehman Brothers’ “too big to fail” mentality coupled with a moral hazard mindset led the company down a path of destruction…and why no one was held accountable.
About Professor AJ Kreimer
Eﬀective Risk Management on the Human Side of the Enterprise
Wednesday, June 27, 2012 - 7:00pm
Dr. James Portwood, Temple University
Eﬀective managers must understand more than just the tools and techniques of enterprise risk management (ERM). Join Dr. James Portwood as he discusses what you need to know to eﬀectively manage the human side of the enterprise in today’s constantly evolving workplace.
About Dr. James Portwood
Dr. James Portwood currently serves as Director of Temple's Center for European Studies and has taught regularly at the Temple University Tokyo campus since 1997. As a Fulbright Fellow, he has led several projects promoting economic and social transformation in Eastern Europe. An active scholar in the areas of International Human Resource Management, Global Change, and the Human Side of Organizational Transitions, Dr. Portwood's research appears in such journals as the Academy of Management Journal, Human Resource Planning, Industrial and Labor Relations Review, and Labor Law Journal. He has been a member of the editorial board of Human Resource Planning, and President of the Academy of Management Careers Division.
The Road to Convergence - One Set of Global Accounting Standards
Wednesday, June 13, 2012 - 7:00pm
Dr. Mike Moughan, Temple University
There are a lot of reasons why a single set of global accounting standards would beneﬁt companies around the world. The push toward "convergence" moves forward, but diﬀerences between Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS) continue to show areas where important decisions needs to be made. As the 2015 deadline approaches, accounting groups are looking to regulatory bodies to resolve the diﬀerences to formulate high quality, global accounting standards. Join Professor Moughan as he discusses the forces leading up to the convergence, issues around convergence and where he sees things leading up to the 2015 deadline.
About Dr. Michael Moughan
Over his 30-plus years in the ﬁeld, there isn’t much that Michael Moughan hasn’t seen when it comes to accounting, taxes and ﬁnancial planning. An accounting graduate from Drexel University, Dr. Moughan worked for Sun Oil Company for 16 years. There, he held a number of positions, including Manager of Consolidated Tax Return, Manager of International Tax Planning, and both Controller and Treasurer of Sun Marketing and Reﬁning Company. During these years Dr. Moughan earned an MBA and a MLA from Temple University, and a master’s degree in Tax from Widener University. In 1983, Dr. Moughan left Sun Oil to start his own tax, estate and ﬁnancial planning practice, a business he continues to run today. He also started teaching part time and later full time at the university level and today has more than 25 years of experience in the classroom. In recent years he has been honored with the Fox School Crystal Award for Teaching and the EMBA Outstanding Professor Award.
“Teaching is a joy. The EMBA students are always aggressive yet polite and professional at the same time. They are committed to getting the most from their experience at Temple and then applying what they have learned in a practical way to their business environment.”
Dr. Moughan holds the CPA and CFP designations, as well as a MA and Ph.D. from the University of Delaware. His is a member of the American Institute of CPAs (AICPA), the Pennsylvania Institute of Certiﬁed Public Accounts (PICPA), the Institute of Managements
Accountants (IMA), and the Certiﬁed Financial Planning Institute. He joined the Fox School faculty in 2005.
Using Earned Value Analysis to Manage Projects
Wednesday, May 16, 2012 - 7:00pm
Dr. Mark Gershon, Temple University
Any curriculum on the subject of Project Management explains that there are three major tools that are needed to manage projects. In a perfect world, there'd be one tool that'd summarize project status in just one number. Such a tool doesn't exist, but the Earned Value Analysis comes close, providing a summary status report with just two numbers. These two numbers are the two major components of project performance, one for schedule (on time delivery) status and one for cost (over or under budget) status.
Join Dr. Gershon as he explores the role of Earned Value Analysis and how it can not only beneﬁt in reporting information, but help steer a project in the right direction.
About Dr. Mark Gershon
Professor Gershon is the chairman of the Management Science and Operations Management department. An industrial engineer by training, he began his career as a quality engineer with the Project Management oﬀce at the Army's Armaments Development Command. He then worked as a project manager for Control Data Corporation, responsible for software development applications and consulting projects for the minerals industry, before coming to Temple in 1983. Since then, Dr. Gershon has focused on developing and implementing new ideas for project management and quality management. Besides earning a Professional Engineer's license, he holds certiﬁcation as a Project Management Professional and a Six Sigma Master Black Belt. He consults and gives seminars on these topics around the world. Dr. Gershon has published widely, including two textbooks and over thirty refereed journal articles. In 2002, he was keynote speaker at a conference in China, and has served on the editorial boards of international journals. An excellent teacher, he has been honored with the Lindback Award for Teaching by Temple.
The Evolving Role of the Modern CIO
Wednesday, April 18, 2012 - 7:00pm
Dr. Paul Pavlou, Temple University
With legislation in countries requiring stronger internal controls on ﬁnancial reporting which relies heavily on a company’s information systems, the importance of the Chief Information Oﬃcer (CIO) for mitigating risk and handling the corporate governance has dramatically risen. Since internal control systems are essential to ensure a company’s business model is functioning well and the business strategy is implemented successfully, appointing a CIO with appropriate skills and experiences is an important strategic decision. Since the CIO appointment is likely to impact the success of CIOs for diﬀerent companies in the post legislation era, Dr. Pavlou will examine how companies with diﬀerent strategic positioning (diﬀerentiation or cost leadership) hire diﬀerent types of CIOs (with technical or business background), and how the stock market reacts to aligned/misaligned CIO appointments.
About Dr. Paul A. Pavlou
Dr. Paul A. Pavlou has been ranked as the top MIS researcher in the world for 2011. The ranking generated through the Association for Information Systems (AIS) publication database is based on an analysis of publications in the top two journals in the ﬁeld – MIS Quarterly and Information Systems Research. Pavlou is an associate professor of MIS, a Stauﬀer Senior Research Fellow, and director of Temple University's Fox School of Business PhD Program in Business Administration. His research, which focuses on electronic commerce, digital business strategy, research methods and NeuroIS, has been cited more than 7,000 times by Google Scholar. He is currently working on strategic pricing of IT services in global online marketplaces, social media, open innovation, and consumer surplus in online IT outsourcing markets.
Global Branding Seminar
Wednesday, March 14, 2012 - 7:00pm
Professor Anthony Di Benedetto, Temple University
Brand equity is big business and company’s today look to it to build customer loyalty and gain repeat business. The challenge of branding on a global level is complex and no one model is right for every company. Join Professor Anthony Di Benedetto as he discusses the challenges of global branding by reviewing examples from Coca-Cola, Toyota, Nike and Unilever. Learn how even apparently simple branding decisions made by multinationals are the result of much careful forethought and planning for the global mark
About Dr. Anthony Di Benedetto
Professor Di Benedetto is Professor of Marketing and Senior Washburn Research Fellow at Temple University, Philadelphia, PA. He is also a Visiting Professor of International Entrepreneurship, Technische Universiteit Eindhoven, The Netherlands and has taught at Bocconi University in Milan and St. John’s University in Rome. He holds a Ph. D. degree in Administration, an M.B.A., and a B. Sc. degree in Chemistry, all from McGill University, Montreal, Canada. He taught at the Université du Québec à Montréal and the University of Kentucky.
Financial Reform - Will Global Risk be Tamed?
Wednesday, February 15, 2012 - 7:00pm
Dr. John Soss, Temple University
Regulators continue to reshape the banking and ﬁnancial services industry following the ﬁnancial crisis of 2007-2009. Indeed, stringent new regulations aim to increase global market transparency and reduce the chance of another ﬁnancial debacle. Where do we stand? Will proposed reform safen the ﬁnancial system or create new fault lines? Join Dr. John G. Soss, Director for the Center of Financial Analysis and Risk Management at the Fox School of Business, for an engaging discussion of the possible good and bad of ﬁnancial market reforms.
About Dr. John Soss
Dr. John Soss is the Director of the Center for Financial Analysis and Risk Management at Temple University's Fox School of Business. Dr. Soss leads the Fox School's Professional Masters programs in Investment Management (MSIM), Financial Engineering (MSFE) and Financial Analysis and Risk Management (MSFA-RM). Dr. Soss joined Fox following a dynamic investment banking career in New York and London, including managing derivatives franchise business in North America, Europe and Asia. Additionally, his professional background includes spearheading specialized structured ﬁnance and quantitative research teams. Dr. Soss received his Ph.D. in Finance from Northwestern University.
Leading Change to Build a High Performance Organization (Change Management)
By Dr. John McClendon, Temple University
Wednesday, January 11th from 7 - 8:30 pm
More and more, increased competitiveness resulting from the forces of technological innovation and globalization requires organizations to change at much higher rates than ever before. As such, change management has become a fundamental component to managing strategy and people. Ultimately, however, change is about building an organizational culture that aligns with the business model to achieve competitive advantage. While no one questions the importance of change, managing change can represent a daunting task that frequently yields disappointing results. In this seminar we will discuss why employees resist change and identify some of the keys to implementing eﬀective change. In doing so, we emphasize how an organization must align its reward systems to foster a culture of high performance, one that can lead to sustainable competitive advantage.
About Professor McClendon
Dr. John McClendon is Associate Professor of HR Management in the Fox School of Business at Temple University. He became a member of the Temple University faculty in 1989 and has 30 years of HR management experience, including university teaching, scholarly research, and private sector management. Prior to his academic career, he worked in HR at International Paper Company. His research interests focus on an array of strategic HR issues and his work has been published in the leading management journals. An experienced public speaker who has won awards for teaching excellence, he has conducted seminars ranging from managing HR in the global context to business ethics.