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Business Networks | October, 2007 | Volume 5, Issue 10
Is continual change always a good thing?
Change remains a constant factor in today’s business world—one that affects organizations of all types and sizes, including international joint ventures. To succeed in this volatile environment, conventional wisdom suggests that managers should alter their organizational structures when internal and external environments change. Such adaptive structural change provides, in theory, highly feasible and potentially beneficial results because it maintains the alignment between environment and organizational structure. Now, toss aside conventional wisdom—and consider a different point of view: even if an organization undertakes a potentially beneficial change, the resulting benefits may not come about because the process of change itself may greatly disrupt routines, undermine relationships, and require costly learning. Chris Changwha Chung, assistant professor in the College of Business Administration’s Department of Management and International Business, digs deeper into this hypothesis in his recently completed dissertation titled “The Evolution of International Joint Ventures: Multiple Waves of Structure Change, Performance, and Survival.” Read more. Blog this.
Executive Dean Joyce J. Elam receives prestigious ATHENA Award.
When Joyce J. Elam, executive dean and James L. Knight Professor of Management Information Systems, College of Business Administration and Vice President FIU Online, received the Seventh Annual ATHENA for Miami-Dade County award from the Coral Gables Community Foundation, the college’s contingent attending the luncheon was thrilled, but not surprised. They knew from personal experience that Elam embodies the criteria for the award, which recognizes individuals who “demonstrate excellence, creativity, and initiative in their business or profession; provide valuable service by contributing time and energy to improve the quality of life for others in the community; and actively assist women in realizing their full leadership potential.” Read more. Blog this. High-energy event welcomes E85 ethanol to South Florida.
South Florida looks greener than ever, thanks to the availability of E85 ethanol at a UGas fueling station at 210 NW 79th Avenue in Miami. Made primarily from corn, E85 ethanol represents a renewable energy source that burns cleaner than gasoline, a fossil fuel. It’s cheaper too, costing on average twenty percent less per gallon than gasoline. Announcing the arrival of this alternative fuel in Miami marked a dramatic highpoint for the E85 ethanol symposium jointly hosted by Florida International University’s Energy Business Forum in the College of Business Administration and General Motors (GM). Read more. Blog this. Kenneth D. Rosen makes major donation to Jerome Bain Real Estate Institute.
Ever since the establishment of Florida International University in 1972, Kenneth D. Rosen, CCIM, president, Kendar Realty, Inc., dreamed of seeing a school of real estate at University Park. Thanks in large part to his dedication, a thriving one exists. The most recent sign of his commitment: a personal contribution of $50K to the Jerome Bain Real Estate Institute, which coordinates myriad real estate programs in the College of Business Administration, with courses taught by members of the Department of Finance and Real Estate. “I knew Jerome Bain (MBA ’75), and after his death, I became the chair of the Educational Foundation of the Realtor Association of Greater Miami and the Beaches (RAMB), which received $500K from his estate to donate to real estate education,” said Rosen, who saw the value of giving the Bain legacy to the university that both men loved. “Rather than allocating small amounts to multiple institutions, I spearheaded a move to donate all the funds to the university to establish the institute that bears his name.” Read more. Blog this. Advisory board for Career Management Services holds first meeting.
The concept of advisory boards pervades graduate programs in the College of Business Administration’s Chapman School. The formula: assemble a group of energetic business leaders with an interest in your mission and goals. Then, get their feedback on your activities and initiatives to improve what you do; create a situation in which they can benefit from the expertise of their fellow board members; and uncover ways that the college can help them fulfill their company-specific goals. The synergies that develop have consistently resulted in a positive situation for all concerned. Recently, another entity within the college—Career Management Services (CMS)—applied the principles of an advisory board to its own organization. “The purpose of the CMS Advisory Board is to strengthen relationships with companies seeking to recruit at Florida International University’s business school and assist them with best practice opportunities through networking,” said Barry Shiflett, CMS director. Read more. Blog this.
New student organization helps fight global poverty, one dollar at a time.
What would you do if someone handed you $25? Buy the latest best-selling novel? See a movie with a friend, complete with popcorn and soda? Or maybe splurge at lunch today? In some parts of the world, what seems like an insignificant amount of money to us can make a significant difference. In Kenya, $25 can go a long way to helping a woman improve her vegetable-stand business and expand her customer base. The same amount of money can help provide the boost a man in Azerbaijan needs to buy his own car for a growing taxi business. This concept stuck a chord with the members of the 24th BBA+ Weekend group. And when the time came to select a community service project for their Business in Society class, the students decided to think big and small: tackling global poverty by initiating a micro financing program. Read more. Blog this.
Major at Florida International University: Finance Background: Serrano worked for twenty years in the finance area for American Express, Latin America, in various roles and markets. She was the lead financial officer for the international dollar card. Inspiration for Becoming an Entrepreneur: American Express’ reorganization began moving people to local markets. Serrano wanted to stay in Miami and thought it would be the perfect time to start her own business. She decided to pursue her dream. She drew on her passion for fashion and her desire to encourage others to live a more peaceful and inspired life; as a consequence, she created the Inspirit brand. Read more. Blog this. South Florida CEO speakers’ series launches successful event.
Business Alumni Chapter hosts “Art of Networking” event.
On Thursday, September 20, 2007, Business Alumni Chapter members met at the Miami Art Group Gallery in Miami’s Design District for the premier of the “Art of Networking” series. The “Art of Networking” series was created to provide a cultural venue at which Florida International University’s alumni and friends could come together and learn practical, valuable information about the importance of business networking. College alumnus James R. Bussey (MBA ‘99), a recent finalist at the Toastmasters’ World Championship of Public Speaking, was the featured guest speaker of the evening. Read more. Blog this. Business Alumni Chapter donates $3,000 to CHARLEE foundation.
Alumni Circle announces Hands on Miami Volunteer Day. The College of Business Administration’s Alumni Circle has partnered this year with Hands on Miami for “Hands on Miami Day” on Saturday, November 3, 2007, at Campbell Middle School in Homestead, Florida. The Alumni Circle would like to encourage everyone to donate funds, time, and talent to make Hands on Miami Day 2007 a tremendous success. Faculty, staff, students, and alumni are encouraged to participate in helping with one of the various improvement projects at the middle school. Two hundred volunteers are needed. If you are interested in making an impact on our community, please register today. Alumni Notes
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