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Business Networks | March, 2007 | Volume 5, Issue 3
Study considers how a seemingly risky investment can reduce risk.
From the most naïve investors to the most sophisticated, people want the value of their investments to increase. Unfortunately, everyone—from that naïve investor on up to those who manage money professionally—knows that there’s no magic formula for maximizing return with the lowest possible risk. Along with financial advisors, finance scholars look at investment strategies, trying to detect associations that might guide investors toward a better risk-return portfolio. Surprisingly, one potential investment that can actually help to reduce risk is a risky one—one that measures uncertainty in the market and the subject of a study by Robert Daigler, Knight Ridder Research Professor of Finance in the College of Business Administration. Read more. Blog this. Listen.
College partners with banking industry to offer anti-money laundering compliance training.
Members of financial institutions facing increased pressure from the federal government to comply with anti-money laundering (AML) regulations got good news on February 13, 2007: a new—and possibly unique—partnership between industry and an accredited academic institution will make the task easier. A joint announcement from the College of Business Administration and Florida International Bankers Association (FIBA) to more than 1,000 financial institution representatives revealed a partnership between the two to provide AML compliance training. Read more. Blog this. Listen. College captures second contract with the Inter-American Defense College.
The College of Business Administration has begun work on a ten-module, graduate-level online training program on civil-military relations for the Washington, D.C.-based Inter-American Defense College (IADC). The project brings together the expertise of FIU Online and the Knight Ridder Center for Excellence in Management to create the program, which is aimed at senior-level military officers across the Western Hemisphere. “This is the second time we have worked with IADC, an international educational institution operating under the aegis and funding of the Organization of American States (OAS) and the Inter-American Defense Board,” said David Wernick, an instructor in the Department of Management and International Business. He co-authored the first course on national security and defense policy and will coordinate the new project. Read more. Blog this. Listen. Forum explores what it takes to keep a business “all in the family.”
Starting a business together can be an equally daunting and enriching experience for any family. Keeping that business successful from generation to generation often brings a whole new set of challenges and rewards. More than thirty representatives of local family enterprises were eager to join a discussion that delved deeper into this very topic at the recent Family Business Forum held at Chispa Restaurant in Coral Gables on January 30, 2007. Hosted by the college’s Eugenio Pino and Family Global Entrepreneurship Center, the event featured a live case study format that focused on MIC Food, a twenty-year-old, second-generation family enterprise owned and operated by the Lardizabal family. Read more. Blog this. Listen. International Business Honor Society enters new phase.
Since its founding in the College of Business Administration, the International Business Honor Society (IBHS)—the first honor society for international business in the United States—has had the vision to be the leading honor society in the world for motivated and globally-focused students with an interest in international business. Recently, the college’s IBHS was designated as the national, or model chapter, empowered to charter other IBHS chapters worldwide. To date, chapters have received charters at universities in Thailand, Monaco, New Jersey, and New York. Most recently, St. Mary’s University, in San Antonio, Texas, was chartered, and a number of others are in the works. Read more. Blog this. Listen. Dual Degree program signs official agreement with University of Puerto Rico.
Through the Dual Degree program offered by the Chapman Graduate School, students obtain an MBA from their home universities and a Master of International Business (MIB) from Florida International University in considerably less time than it would take if they pursued the two degrees sequentially. The Global Dual Degree Network includes 24 institutional members from all over the world—from China to Europe to Latin América—with the University of Puerto Rico (UPR) being the most recent to make its participation official. The signing ceremony took place January 17, 2007, in the office of UPR’s president, Gladys Escalona de Motta. Read more. Blog this. Listen. Audience gets electrifying news at lecture.
On January 24, 2007, the day after President Bush’s State of the Union Address in which he backed off from his strong statement that “America is addicted to oil,” Sherry Boschert, author of Plug-In Hybrids: The Cars that Will Recharge America, spoke to a packed classroom on the University Park campus of Florida International University. “In his speech, the president said more research needs to take place on batteries and that biofuels have more advantages,” she said. “This position won’t make car manufacturers do much.” To date, major car manufacturers haven’t taken the lead in producing electric cars, which are cheaper to run, produce zero emissions, and dramatically reduce dependence on oil—even though the technology exists and some companies have made some efforts. “Electric cars run on domestic power,” Boschert said. “We’ll never go to war over electricity.” Read more. Blog this. Listen. Move over Academy Awards: Here comes BizFest.
Students realize more and more that future employees will want to see not only good grades but also evidence of their participation in the life of the College of Business Administration. BizFest—the major recruitment event for business student organizations—brings all the organizations together on the south lawn of the Ryder Building so that not-yet-members can learn why and how to become members. The gathering typically includes food, competitions, and entertainment. When students gathered this year for BizFest, they got a taste of both Chinese food and Hollywood. The theme was movies, and each organization showed its talent at decorating, drawing others to tables representing Indiana Jones, Charlie and the Chocolate Factory, Money Talks, Pirates of the Caribbean, Wall Street, and The Castaway. Read more. Blog this. Listen. Telefónica and college exchange expertise to benefit each other.
Through its offerings, the college’s Executive and Professional Education (EPE) office provides an array of programs that satisfies the needs of many different kinds of professionals and their organizations. And if a company has a particular requirement that the full complement of standard programs does not meet, faculty members can tweak a program or completely tailor one for it. The latter was the case with Telefónica, which recently concluded a multi-part program created for it and delivered partially at its site in Puerto Rico and partially on the University Park campus of Florida International University. Read more. Blog this. Listen. Local event brings international perspective to business prospects in Venezuela. With the landslide election of Hugo Chávez in Venezuela in December, 2006, businesses operating there are grappling with the potential consequences.
More than 115 individuals got much-needed and much-appreciated insight from experts who spoke at the “Global Intelligence Briefing,” co-sponsored by the Greater Miami Chamber of Commerce, Regions Bank, and the College of Business Administration. The panel members addressed the question “Post Election Venezuela: What Does the Future Bring for Commerce?” Jerry Haar, professor, Department of Management and International Business, and associate director, Knight Ridder Center for Excellence in Management, moderated the panel. Haar also chairs the Chamber’s Global Business Development committee. Read more. Blog this. Listen.
BBA+ Weekend class reaches out to better the lives of children in Guatemala.
Just south of the Mexican border, small villages dot the mountainous areas of rural Guatemala. The inhabitants, mostly Mayan families, have overwhelming needs but almost no access to resources of any kind. Education for many Guatemalan children is rudimentary at best. Health aid, sufficient food, adequate housing, clean water—life’s most basic necessities—are out of reach for most. Some much-needed relief is on the way—thanks to members of the 22nd BBA+ Weekend class, who have selected to support the Adopt-a-Village in Guatemala organization as the community service project for its Business in Society class. “We were looking for a unique project—one that would enable us to reach out into the world and do what we can to improve the lives of others,” said Patrice Prescott, who is the project leader and primary liaison between the group and Adopt-a-Village in Guatemala, Inc. Read more. Blog this.
Alumnus Carlos Gutierrez finds Evening MBA pays off.
Carlos Gutierrez (MBA '06) a native of Honduras, made his way to the United States by obtaining a scholarship to attend Louisiana State University. He received a bachelor of science in international business and finance in 1996. After graduation, he wanted to be involved in international business and thought Miami would be a great place to find that opportunity. Read more.
REAAC Happy Hour held February 14th.
Alumni Notes
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