The wine industry is making a concerted effort to adopt environmentally responsible practices but sees a need for better education among both consumers and professionals on many “green” issues, according to two surveys of wine industry professionals and executives conducted by Robert Smiley, professor and director of wine studies at the UC Davis Graduate School of Management.
L. Wilton Agatstein, Jr., has been named executive director of the UC Davis Center for Entrepreneurship. Prior to 2008 Agatstein was vice president at Intel and the head of Intel’s Emerging Markets Group; in spring 2008 he was the Graduate School of Management’s Robert A. Fox Executive-in-Residence.
Dean Nicole Woolsey Biggart will step down from her administrative post next July. Following a sabbatical, she will return to full-time teaching and research. Biggart began her term as dean “with several aspirations. I am pleased that we have achieved substantial progress toward these goals in the past five years.”
A team of UC Davis MBA students’ design for a state-of-the-art “green” development won the 17th annual Bank of America Low-Income Housing Challenge in May. The design will be incorporated into a proposal that will be delivered to the Sacramento Housing and Redevelopment Agency in August.
A design for a high-tech closure for wine bottles that would allow the wine to breathe much like traditional bark corks won the $15,000 first prize in the annual student-run Big Bang! Business Plan Competition. The cap, which could help prevent some $10 billion worth of wine from being ruined every year by cork taint, will also compete at the Draper Fisher Jurvetson Venture Challenge.
Following three years of rapid enrollment growth in one of the nation’s most competitive MBA markets, the Graduate School of Management is moving its Bay Area MBA Program for Working Professionals to a new location at Bishop Ranch Business Park in San Ramon.
Energy expert Amory Lovins of the Rocky Mountain Institute will be the keynote speaker at the 2008 UC Davis Green Technology Entrepreneurship Academy in July. Hosted by the UC Davis Center for Entrepreneurship, GTEA brings together doctoral students, post-docs and research faculty to learn how to move ideas from the laboratory to the marketplace.
The School is among the first 100 business schools worldwide to endorse the Principles for Responsible Management Education (PRME), a UN-backed global initiative developed to promote corporate responsibility and sustainability in business education.
Professor Paul Griffin’s recent class on company valuation analysis posed a special challenge this year: how to value a company in tough economic times, including the impact of the subprime debt crisis. Despite the challenging market conditions, students spotlighted several companies believed to be significantly mispriced by equity investors.
Buffett 2.0: A Second Trip to See ‘Oracle of Omaha’
120 UC Davis MBA Students Meet Billionaire Businessman
For the second straight year, a group of UC Davis MBA students were invited to meet and learn from businessman and philanthropist Warren Buffett, the chairman and CEO of Berkshire Hathaway Inc. Buffett hosted 120 students from the Graduate School of Management—triple the number who visited him last year—in Omaha on President’s Day in February.
Leading up to the trip, students met several times to prepare and finalize team projects, including ways they will thank Buffett for the opportunity to meet him and tour his businesses in Omaha.
The Graduate School of Management and Department of Viticulture and Enology at the University of California, Davis, will offer the eighth annual UC Davis Wine Executive Program from March 9 to 13 in Sacramento.
Wielding golden shovels, prominent business leaders joined MBA students, faculty and alumni to break ground on a $34.5 million Graduate School of Management building and conference center complex. The energy-efficient, environmentally responsible project will help boost the profile of the nationally ranked School and serve as an important new venue for business and academic conferences when it opens in fall 2009.
Psychological traits that serve us well in everyday life may be counterproductive when it comes to sound investing. Professor Brad Barber, an expert in investor psychology, will discuss these potentially troublesome traits in the first Policy Watch lecture of the 2007-08 academic year, on October 17.
Optimistic winemakers will introduce a host of new wine varietals during the coming year, according to the 16th annual survey of wine industry professionals conducted by Professor Robert Smiley, director of wine studies in the UC Davis Graduate School of Management. Smiley’s survey is the largest of its kind in the wine industry.
Stock prices dip about three percentage points immediately following the announcement of an auditor’s resignation, a study by Professor Paul Griffin shows. “A resignation seems to foreshadow an underlying message about changes in fundamentals, particularly future profitability and growth, Griffin says.” Read the study online.
Newspapers that cut budgets in response to shrinking profits risk triggering a “suicide spiral,” according to a recent study. “The media industry’s recent impulse to slash jobs to cut costs is not only ineffective, it can lead to more red ink,” notes Professor Prasad Naik, who co-authored the study. Read the study online.
After completing a rigorous four-year process, the NCAA certified UC Davis a Division I school. Professor Kim Elsbach, who chairs the athletic administrative advisory committee and serves as UC Davis’ faculty athletic representative to the NCAA, pointed to a recent study that showed the university’s student-athletes fare better than the rest of the student population in academic performance and graduation rates.
Robert Fox, who led Foster Farms and other major corporations for four decades, has donated $350,000 to establish the Robert A. Fox Executive-in-Residence Program at the Graduate School of Management. Each year the School invites a senior-level business leader to teach a quarter-long MBA course in his or her area of management expertise. This year’s executive is Russell Read, chief investment officer at the California Public Employees’ Retirement System (CalPERS).
Nevada Gov. Jim Gibbons will address nearly 50 researchers from 14 states as they learn how to take their environmental solutions from the lab to market at a week-long UC Davis program beginning March 26 at Lake Tahoe. The Green Technology Entrepreneurship Academy is hosted by the Graduate School of Management’s UC Davis Center for Entrepreneurship.
Thirteen UC Davis MBA students guided by Professor Robert Smiley take a two-week tour of Japan that would be the envy of any trade delegation. The international study trip includes exclusive meetings with leaders of more than a dozen major corporations and a visit to the Tokyo Stock Exchange.