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  • Direct Connection

    How do academic ideas make it into practice? When faculty members consult with industry, the path between research and practice is direct.

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  • The Truth About Deception

    Operations and Information Management professor Maurice Schweitzer reveals how promises, lies, and envy affect everything from business negotiations to insurance fraud.

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    School News

  • Leadership Roundtable Marks Wharton’s 125th Anniversary

    Photos by Tommy Leonardi “In our business, if you’re not innovating, you’re losing,” said Seth Waugh, CEO of Deutsche Bank Americas, at a roundtable discussion of business leaders and Wharton faculty, held on September 15, 2006, to mark the 125th anniversary of the first day of classes at Wharton on September 15, 1881. The panel, led by Wharton Professor Michael Useem, discussed the key elements of business leadership in an environment of global change. The panel offered three main pieces of advice about business leadership: 1. Innovation Is Hard Work. “If you’re waiting for a ‘Eureka!,’ you’re never going to have an innovation,” said Wharton Real Estate Professor Peter Linneman. “It’s all hard work, showing up every day, moving the plans around, studying the market.” The panelists stressed the importance of innovation in a world of technological change and global competition. “You have to get out in front of consumer behavior,” said C. Robert Henrikson, AMP’90, chairman, president, and CEO of MetLife, “because everyone else is chasing each other.” Yet they emphasized that a creative innovation, in the words of Alex Gorsky, WG’96, CEO of Novartis North America, is “not that ‘aha’ moment. It’s a lot of repetition and redundancy.” 2. Stay Flexible. “You have to be open to the moment,” explained real estate developer Jeffrey Katz, WG’71, “because the marketplace is extremely rapid. Unless you can react to it right away, you’ll be reading about it next week.” Business leaders therefore have to keep their organizations flexible enough to allow creativity, even as the companies expand and grow. “When you are a large enterprise,” said Novartis’ Gorsky, “there are tremendous obstacles to getting ideas accelerated and moved through the organization. “You’ve got to be vigilant to cut through bureaucracy so that good ideas can get through. Bigger is not […]

  • Alumni Club Update

    A Call for Nominations to the Wharton Alumni Association Board In the spring of 2007, we will nominate and elect a slate of Alumni candidates to join our Alumni Association Board beginning in July 2007 for terms ranging from one to three years. If you have a demonstrated track record of volunteer and giving participation to the School and our global community and are excited about making a significant contribution to Alumni engagement—please contact Trina Middleton with Wharton’s Annual Affairs & Annual Giving department for a Nomination Form at trinalm@wharton.upenn.edu or 215- 898-3394. All recommendations and self-nominations are welcome. Wharton Club of Germany/Austria Announces New Structure, Celebrates Second Oktoberfest The Wharton Club of Germany/Austria (WCGA) covers a lot of territory. Comprising 250-plus alumni in two countries, for 13 years the Club grew under the leadership of its president, Dr. Wolfram Nolte, WG’77. In addition to building the Wharton brand in Germany and Austria and planning local gatherings like the Munich “Stammtisch,” a regular meeting and gathering of alumni living in Munich, Nolte led the organization of the Wharton Europe Conference in 2003 in Berlin. In 2004, Jürgen Habichler, WG’01, took over the Munich Stammtisch organization, organizing festive events, including a beer tasting and a Christmas market outing. One of the highlights begun in 2005 expanded beyond Munich alumni. The first Wharton Oktoberfest was a national gathering of Wharton grads at the original Oktoberfest in Munich, drawing participants from all over Germany and Austria, as well as the U.K., the U.S., and Israel. Inspired by the first successful Oktoberfest, in the spring of 2006 a small group of Wharton grads started discussions on how to invigorate the club further and bring more stucture into the management of WCGA. The concept they developed was approved by the President Dr. Wolfram Nolte and Wharton […]

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