Oregon State University OSU College of Business
OSU’s MBA Corporate Finance team wins the Association for Corporate Governance’s case study competition, the 2018 ACG Cup.

In a regional showdown of corporate financial acumen, the OSU’s MBA Corporate Finance team bested groups from the University of Oregon, the University of Washington and Seattle University to bring home the ACG Cup Northwest.

The ACG Cup Northwest is a case study competition among MBA students placed in a high-pressure setting to solve a real-world business challenge. In the competition students analyze a finance-related case in the field of mergers and acquisitions, investment banking, financial advisory and private equity, and then develop and present a case solution to a panel of industry professionals.

OSU students ― Daniel Pitluck, Brad Stricklin and Patrick McBrien ― presented their winning solutions to a panel of judges comprised of leading finance executives. This was the college’s first year for the win, but the second consecutive appearance in the final round.

Team member Brad Stricklin lays out the bones of the case, describing a company at a crossroads, needing to evaluate whether to stay as a standalone company, merge with another company, or be acquired in a leveraged buyout.

“The company in question for the case study was in the defense industry,” Stricklin said. “We were tasked with analyzing strategic alternatives for the company presenting our recommendation to ‘our board.’ For the final round of judging, we faced a ‘board’ that included the VP of Commercial and Wealth Banking at Umpqua Bank, Torran Nixon, and Stephen Babson, the managing director at Endeavor Capital, a private equity firm based in Seattle,” Stricklin said.

The team members, who all live in different cities, would meet up at coffee shops along the I-5 corridor on Saturday and Sunday mornings and hold a conference call on Tuesday nights to stay on top of their analyses. They studied other business cases, reworking scenarios from past years and sharing news articles. These preparations began in November.

The ACG project solidified one team member’s career interest post-MBA. Dan Pitluck made the decision to work in financial services, after enjoying the intensity of their analytical work. Pitluck attributes the team’s success to these long-term efforts and a dedication to a deep understanding of the material.

“It was easy to tell how much time Brad spent learning the necessary skills to lead our analysis,” Pitluck said. “This was extremely helpful for me, since I do not have an extensive finance background, to have with teammates who would walk through any questions I had.”

The next team goal is to figure out a way to actually celebrate the victory together somewhere after all that hard work.

“We are all excited to finish our MBAs in June, though it’s hard to believe the ACG competition itself has already come and gone,” said team member Patrick McBrien. “The three of us seemed to have a natural unity of purpose. I was floored by their level of commitment. It really felt like we were exercising a professional level of dedication to working on this project, and I think that was borne out by the results.”

The Association for Corporate Growth hosts the annual event among the top two Oregon and Washington teams following preliminary rounds within the College of Business and against other Oregon university teams.

The team was mentored by OSU alumnus Nate Liebler, principal at Newell Craig, LLC and, at the college, by faculty advisor and assistant professor of finance Jonathan Kalodimos. Dr. Kalodimos has integrated preparation for the competition into the curriculum in his Advanced Corporate Finance course.

Through the term, six teams moved through two rounds of competitive eliminations to identify the two top teams to represent OSU in the semi-finals.

“In Advanced Corporate Finance the students learn the quantitative skills necessary to compete, but, importantly, we also give them a framework to evaluate the qualitative or ‘soft’ aspects of business situations and cases,” Kalodimos said. “The soft side of finance is underappreciated skill, but we think developing our MBA students’ understanding of the soft side of finance is crucial for them to thrive in a competitive industry.”

 

Photo credit: Ideagility

Oregon State UnivesrityDoes anything seriously say “welcome to summer” as aptly as hot weather and baseball?

Well, here at the College of Business, we are finally getting our hot weather as we said goodbye to some 700 seniors and 70 MBA graduates, and we are still getting us some baseball!

As we mentioned in a previous post during spring term, College of Business junior KJ Harrison is a CoSIDA academic standout.

But – now that it is summer, can we shout, “oh, yeah! slugger Harrison, breakout-star pitcher Bryce Fehmel, and fifteen other College of Business students are part of the (still) no. 1 ranked Oregon State Baseball team maintaining top seed at the College World Series in Omaha through June 28! Oh, yeah!”

Yes, indeed, we can. Welcome to summer.

From the NCAA:

“…The nightcap was all Oregon State. The Beavers demolished LSU 13-1 behind a superb performance from Bryce Fehmel, who lasted eight innings and allowed just two hits. The highlight of the game came off the bat of KJ Harrison, whose sixth inning grand slam — the first of the TD Ameritrade Park era — put the game out of reach….”

According to the bracket, we play again on June 23 at 3 pm Eastern, possibly against the very same team the Beavs soundly defeated on Monday, after graduation day’s nailbiter. Oregon State is 2-0 in the series, and the PAC-12 champs have duplicated a 23-game winning streak from earlier in the season. They are one game short of the university record for straight wins.

So let’s give a huge, hearty “Go Beavs!” to Oregon State Baseball, and our College of Business and students. We are so proud, and we are cheering you on.

 

Photo: Karl Maasdam, Oregon State Athletics

Your business is constantly growing and evolving, aiming to get to the next level of success. As it changes, it will move through various stages of the business life cycle. In this OSU College of Business SOLVE panel, we explore how businesses adapt, evolve and shift. A panel of experts will discuss roadblocks, challenges and successes you will have to navigate as your business grows.

 

Date: July 18, 2017
Time: 5-7 pm
Location: Moss Adams
805 SW Broadway, Suite 1100
Portland, OR 97205

 

Our panel of Oregon companies will explore how to take a business to the next level, whether that is launching a startup, developing a strategic growth plan for an established business, or how companies adapt to market and technology shifts.

Don’t miss this event where we bring leaders in our business community and higher education together to SOLVE business challenges and address critical issues. Light hors d’oeuvres and drinks will be served.

Meet the panel

Julie Desimone, CPA, Partner, Moss Adams
Amol Joshi, Assistant Professor, College of Business, OSU
Jim Fagan, CEO Malarkey Roofing Products
Jill Nelson, CEO Ruby Receptionists


Your response is requested by Tuesday, July 11, 2017.

We look forward to seeing you there.

With thanks to our host:

Moss Adans logo SOLVE: Take your business to the next level

Oregon State College of Business Tim Leatherman Dean's Executive SeriesFirst of all, a big congratulations to Innovation Nation and the first-year entrepreneurs. Their Spring Company Show last week was such a success. What a great Friday that was, with the Marketplace packed with almost 70 business teams displaying their product lines, and hundreds of guests including some of our most distinguished alumni.

Don’t miss this week’s Dean’s Executive Series, which brings Oregon State alumnus Tim Leatherman (pictured) into Austin Hall. Tim is the chairman and co-founder of Leatherman Tool Group, and he will tell his story, “How a Boy Scout Knife with Pliers Transformed an Industry.” Tim combined his entrepreneurial spirit with engineering knowledge to become a major global multi-function tool manufacturer. (Who needs a Swiss army when we have Beaver ingenuity?)

Tim is the keynote speaker for the OSU Invitational Shark Tank Competition, hosted each year by the OSU Entrepreneurship Club. So, following the discussion, support our students competing against teams from the University of Oregon in a Shark Tank-style pitch competition.

The “sharks” are investors and entrepreneurs from across Oregon: Ben Rivera, president and CEO of Leatherman Tool Group; Celeste Edman, CEO of Lunar Logic; and Jon Maroney, partner of the Oregon Angel Fund. RSVP.

Shark Tank is just part of the lineup on Friday, May 5 — when Fridays in Austin features Design. Alumni and industry partners from companies including Nike, Columbia, Ziba, SmithCFI, Henderer Design and others. There are three discussion panels as well as professional development workshops, networking, and corporate tabling in the Marketplace.

As well, don’t miss the Design Showcase, which will feature the senior design capstone projects on the first floor of Austin HAll. This is your chance to see the beautiful work of our interior design, apparel design and merchandising students on display, talk to the artists (11 am -12 pm), and learn more about the design programs here at Oregon State.

The Works newsletter this week is filled with important updates from our Advising office (some important academic changes outlined here in a blog post) and all the important deadlines for spring and summer, and other events, too. Check your inbox, or look online.

Welcome back, students! We hope you are rested and refreshed from your spring break adventures, and ready to get back to business. Here are a few highlights of this week’s important happenings that you don’t want to miss.

— The Career Success Center has a few more openings to join the multi-day Travel Friday road trip to Seattle. View more information here.

Don’t miss this opportunity! The Senior Mentoring Event will pair a senior in Apparel Design, Interior Design, Graphic Design, and/or Merchandising Management with a professional in the student’s field for a morning of conversation, input, and professional networking advice. Apply with your resume by April 10.

— The official application deadline for HWeekend is April 5 — but it fills up quickly (like, really quickly) so do not delay, and apply today.

Impact Oregon, the statewide invention challenge, will have a kickoff meeting on Thurs., April 6. Don’t miss this opportunity to learn you through the process of getting an idea out of your head and into a product cycle.

— Advising has opened the spring pro-school application process. Here is the link.

— Our Fridays in Austin platform will begin its run for spring term next week.

— Our full lineup is in The Works (as usual) so don’t miss it!

Sam Yul Cho

Our REAL People of the College of Business series continues with Dr. Sam Yul Cho, assistant professor of strategy and entrepreneurship.

Cho has been at Oregon State since fall 2014, arriving after four years of doctoral study at Washington State University in Pullman. In the small town in the Palouse Hills, Cho worked under his current OSU colleague, Jonathan Arthurs, then reconnected with Arthurs in Corvallis to be part of the launch of the College of Business’ first Ph.D. program.

Here’s more about Cho, in his own words:

“I’m from Seoul. I lived in Seoul for about 20 years and also lived in Tokyo for about nine years. I grew up in Tokyo for three years when I was in elementary school, and then I went back to Seoul for high school and university, then back to Tokyo to get my master’s degree, and after that I joined Suisse Bank and worked there for about three years. Then I went back to Seoul and joined LG Electronics for about three years, then I came to the U.S. to get my MBA.

“I went to the University of Rochester – in Rochester, it snows a lot. I had a finance background, and the University of Rochester is kind of a finance school. Basically they have great finance academics; their publications are phenomenal. It was very cold and it snowed a lot, but I think it was a good investment; it opened the door for me to join the Ph.D. program at Washington State. I spent four years there; I majored in strategy and minored in entrepreneurship.

“Pullman is a very small town. It’s cold and windy – actually there’s nothing there. The good thing is you can concentrate on your studies – the only thing you can do is study. It’s good to be there because once you get out, wherever you go, it’s better.

“We’re starting a new Ph.D. program (at OSU), and that’s a great opportunity. You can actually build up your own legacy, so to speak. If an organization is growing, you can grow too. And Oregon, location-wise, it’s awesome. I started hiking. When I came here I found a few small mountains, and when the weather is good, I go hiking. It’s so beautiful to see the city of Corvallis when you’re up there.”

Sam Yul Cho

 

 

Dean Mitzi Montoya, right, lauds Shari Sands at the finance and accounting manager's retirement party.
Dean Mitzi Montoya, right, lauds Shari Sands at the finance and accounting manager's retirement party.
Dean Mitzi Montoya, right, lauds Shari Sands at the finance and accounting manager’s retirement party.

Shari Sands, finance and accounting manager with the Business and Engineering Business Center, is officially retiring Nov. 30. We say “officially” because she’ll continue on a post-retirement, part-time basis through 2016.

Sands, a former Army personnel specialist who grew up in Klamath Falls, started at the College of Business in August 2001 as the director of budgets and faculty services and became finance and accounting manager eight years later. She calls the COB “definitely the best place I’ve ever worked.”

In retirement Sands plans to get even more involved in genealogy – she’s traced her roots to the one person known to have been both at Jamestown and on the Mayflower – as well as become a Master Gardener and spend time with her 23-year-old son, Tyler. But we still have some time to reap the benefits of Sands’ considerable expertise and enjoy her personality before she leaves Austin Hall for good, so allow us to introduce her to you via our latest installment of the REAL People of the College of Business.

In her words:

“Before I came here I’d been working for Motorola, and I took a year off to regroup. I’d been working in Scottsdale (Ariz.) for six years, and I’d just had enough, so I sold my house, moved back to Klamath Falls, rented a house out on Lakeshore Drive and spent a year doing yoga and feeding the birds and the deer.

“After I’d gotten out of the Army, I’d gone to OIT (Oregon Institute of Technology) for a few years, studying accounting, and then I moved to Los Angeles and went to UCLA. I’d always wanted to live in Los Angeles, because of the Beach Boys. I loved the Beach Boys, so I went to the beach. I worked for the VA, put myself through school and got a degree in sociology. I wanted to get my master’s in social welfare, but I couldn’t afford that much more school, and a nurse I worked with had a husband who worked with a defense contractor, Northrop, that had an opening for an auditor. I only needed one class to have a degree in accounting, so I took that job and audited at Northrop for five years.

“Eventually my boss left and went to KPMG, and I followed him there. Then I went to work for TRW, and then Motorola. I loved LA, but I had to get out of LA – my son was born in 1992, and after the (Rodney King) riots and the (Northridge) earthquake, I just couldn’t do it anymore. I loved LA, but I don’t anymore. Now I love Corvallis.

“I feel like I’ve led a blessed life. Everything I wanted to do, I did it, and it worked out. And I’m so lucky I ended up here.”

Sands shares a laugh with instructor Chuck Toombs.
Sands shares a laugh with instructor Chuck Toombs.

 

Kareman Rawy believes what Neil deGrasse Tyson says about math: that it's the language of the universe.
Kareman Rawy believes what Neil deGrasse Tyson says about math: that it's the language of the universe.
Kareman Rawy believes what Neil deGrasse Tyson says about math: that it’s the language of the universe.

Many of you have likely seen the popular Humans of New York blog in which a photographer roams the city collecting life-story summaries of people he meets. His work is fascinating and often deeply moving as his subjects share what they consider to be some of the most significant aspects of their lives.

Inspired by his efforts and his subjects’ photos and stories, we’ve launched our own version of the project, which we’re calling REAL People of the College of Business.

Our weekly series continues today with Kareman Rawy, the daughter of Egyptian immigrants. Kareman is from Brentwood, Calif. (the one in the Bay Area, not Los Angeles), is in her first year in the professional school and is serving as president of SIM Club (Students of Information Management).

Here’s more of her story, in her own words:

“My inspiration to help people started from helping my younger brother as a little girl. He is one year younger than me and even though he has cerebral palsy that made him unable to talk and walk, I always read to him dinosaurs, science, and astronomy books to comfort him. That’s when I realized that I have a passion for science, specifically astronomy, but I also want to make an impact in the world by making a business that is known worldwide like my late idol once created. The late Steve Jobs once said, ‘I want to make a ding in the universe.’ However, I hope that I can become the next big bang the universe will see and hopefully one day I can change and help the world in a big way like he once did.”

If you’re interested in being featured as one of the REAL People of the College of Business, please email Steve Lundeberg or come see him in Austin Hall 384D.

Kareman has found inspiration and compassion, in addition to knowledge, in the College of Business.
Kareman has found inspiration and compassion, in addition to knowledge, at the College of Business.
Mitzi Montoya.
Mitzi Montoya.

Six dozen faculty and staff from the College of Business got together on the fourth floor of Austin Hall on Aug. 31 for an hour-long reception for the college’s new Sarah Hart Kimball Dean, Mitzi Montoya.

Montoya, who comes to Oregon State from Arizona State University, officially began her role at OSU just a few hours before the welcome event, which took place outside the dean’s suite.

Grateful for the comparatively cool weather that greeted her arrival in Corvallis, while also noting that she’s aware much chillier, and wetter days, are just around the corner, Montoya was all smiles as she visited with new colleagues from throughout the college.

At Arizona State, Montoya was vice president and university dean of Entrepreneurship and Innovation. Before going to ASU, she worked for 15 years at North Carolina State University, where she held the Zeinak Chair in Marketing and Innovation in the Poole College of Management. She also founded and led the Innovation Lab, a collaborative effort between different NC State colleges and private industry.

Montoya replaces Ilene Kleinsorge, who retired in June, as the College of Business dean.

Montoya took time to visit with seemingly everyone in attendance.
Montoya took time to visit with seemingly everyone in attendance.

Ilene Kleinsorge’s final day as dean of the College of Business was June 30.

As she begins her retirement, please join us in thanking her for her many contributions, and we hope you enjoy this collection of photographs from Kleinsorge’s time as the college’s leader.