In the News
This article reports on the new interdisciplinary institute devoted to education, research and outreach in innovation and entrepreneurship at UC Davis, with the help of a $5 million commitment from alumni Mike and Renee Child. The institute will strengthen the coordination of entrepreneurship and innovation activities across UC Davis’ colleges, schools, centers and organized research units, becoming the university’s unifying structure for these pursuits.
Many colleges and universities have taken steps to provide students with more environmentally friendly classrooms and have even started offering bachelor’s and master’s degree programs in topics like sustainability. In this article, U.S.News and the HECAC recognize the GSM for our efforts and recent LEED platinum certification form the U.S. Green Building Council.
UC Davis has landed a $5 million commitment with which to create a new institute for innovation and entrepreneurship. The commitment from UC Davis alums Mike Child and Renee Child will transform the UC Davis Center for Entrepreneurship into a larger institute that can do much more, and which will have stable funding for years to come. “UC Davis is home to an amazing array of expertise across disciplines,” Hargadon said in the release. “This institute will help our faculty and students translate their knowledge and skills into ventures that improve society and add value to the economy.”
This article reports on the launch of a new institute devoted to education, research and outreach in innovation and entrepreneurship at UC Davis. The Child Family Institute for Innovation and Entrepreneurship was made possible through a $5 million commitment from alumni Mike and Renee Child, both 1976 UC Davis graduates.
Maurice J. Gallagher Jr. Hall, home of the Graduate School of Management at the University of California, Davis, has earned a “platinum” certification from the U.S. Green Building Council, the first business school building in California awarded the highest green building ranking. Nationwide, only two other business school buildings have won a platinum ranking.
This article cites Professor Brad Barber’s recent research showing that, on average, the most active traders had the poorest results, while those who traded the least earned the highest returns. In another paper, “Boys Will Be Boys,” Barber and colleague Terry Odean reported that men act on their useless ideas significantly more often than women do, and that as a result women achieve better investment results than men.
In a potentially huge boost for Sacramento’s technology industry, UC Davis is embarking on a major partnership with one of the world’s leading genetics researchers. The university’s partnership with BGI, a research institute from Shenzhen, China, could help turn the Sacramento area into a hub for pharmaceutical and agricultural biotech companies – a status community leaders have been craving for years.
Vaccine from tobacco: Big Bang! Business Plan Competition 2010 winner, Inserogen, is highlighted: “One team from UC Davis has developed a method to quickly grow and extract vaccines from tobacco plant leaves. Using the leaves, the team can grow a full-fledged vaccine in just six weeks, at a cheaper cost that traditional production methods, which usually involves extracting vaccines from fluid in chicken eggs.”
Dean Steven Currall and Bill Jesse, the vice chairman of the Wine Group, the second largest wine company in the world, offer a model for focusing executives on creating long-term sustainable value vs. other “toxic” compensation plans that focus on short-term rewards.
“Wineries have come off the [social media] sidelines in 2011,” says Jeremy Benson, president of the Napa- and New York City-based Benson Marketing Group. “We’ve added eight brands to our new Mission Control social media service.” Benson will be an expert guest speaker at the UC Davis Wine Executive Program in March.
This article reports Professor Brad Barber’s latest research, conducted with Terrance Odean of UC Berkeley’s Haas School of Business, which finds that individual investors do not behave rationally, as economic theory would suggest. The bottom line: “Investors who don’t know they perform poorly end up believing that they’re doing well — the incompetent are unaware.”
Day traders generally trade too much and take too many risks.
This article cites a 2006 study led by Professor Brad Barber that analyzed the trading record for Taiwan’s stock exchange for four years in the 1990s. They found that, in a typical six-month period, “more than eight out of 10 day traders lose money” and that total losses were staggering: 2.2 percent of Taiwanese GDP annually.
GSM alumni Jake Taylor and Lonnie Rush, lecturers who teach Value Investing, had students wrap up the course by submitting their top investment picks to a year-long portfolio contest. They found 512 stocks selling for less than net current asset value and 212 selling below ⅔ of net current asset value. Read more about this investing approach.
The UC Davis MBA program was again ranked among top 10 percent worldwide for commitment to social, ethical and environmental issues in curriculum. Check out the Aspen Institute Center for Business Education’s Beyond Grey Pinstripes rankings.
Professor Emeritus Robert Smiley comments on his annual state of the wine business: “Going forward, consumers will likely see fewer wine discounts” on California wines because of the shortage in the crop. “If you don’t have enough product to meet demand, why cut price? You’re going to see the industry’s pricing tighten up.
In the rush to politicize the bankruptcy of Solyndra, potentially valuable lessons are being ignored. When the dust settles, says Professor Andrew Hargadon, we are left with the original challenge of how to best pursue innovative solutions to climate change and energy security.
Alumnus Tim Keller’s high-tech wine cap start-up is featured in this Sacramento Bee column. Keller founded the company while MBA student; it won the 2008 Big Bang! Business Plan Competition as Advance Enological Enclosures.
The sluggish economy and unusually cool weather have dramatically tightened the supply of wine grapes, a situation that will likely continue for several years, reports Professor Emeritus Robert Smiley. He presented findings from two recent surveys of wine industry professionals and executives at the 20th annual Wine Industry Financial Symposium in Napa, Calif.
This Motley Fool article mentions research by Professor Brad Barber and Terrance Odean of UC Berkeley that concludes that “trading is hazardous to your wealth.”
Sandra Kurtzig founded ASK Corp. almost 40 years ago. Now she’s taking the helm of a new start-up — and is amazed how few women leaders she sees in Silicon Valley. ”We tend to hire people like us,” explains Wendy Beecham, managing director of executive education at the Graduate School of Management, which publishes an annual Census of California Women Business Leaders. “If you’re a 50-year-old white guy, you tend to be more comfortable with 50-year-old white guys.”