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Department of School of Management

EMBA Fall 2011 Conference

Thursday, October 6, 2011  *  Campus Center Atrium

Conference is free to the public; to register, contact D. Elaine Frazier - frazier@njit.edu / 973-596-6378



The World Economy at a Crossroads:  Risks and Opportunities


OVERVIEW

This event highlights select challenges and opportunities generated by the current, emerging risk environment.  A primary goal of this conference is to offer participants, both students and business professionals alike, exposure to a series of topics, including an exploration of the framework where multi-faceted risk conditions impact the business environment generally and various market segments specifically.

8:30 - 9:15 Registration/Breakfast
9:15 - 9:30 Welcome, Dr. Pius Egbelu, Dean/School of Management, and D. Elaine Frazier, Dir. , EMBA Program
9:30 - 10:15 Overview of Current "Risk" Environment:  World Economy in Turmoil

Morning Keynote Speaker:  International Economist James P. Sweeney, Director, Global Strategy, Credit-Suisse

Abstract: Current domestic and international macro economic developments have had a devastating impact upon all markets, currencies and economies, and may be distorting efficient allocation of capital as investors seek to preserve wealth in the current dislocation. 

10:15 - 10:30 BREAK
10:30 - 11:15 Role of the media in calibrating public reaction to emerging Risk

Speaker:  Ryan Mack, Finance Contributor for CNN and President, Optimum Capital Management


11:30 - 12:15  "Recognizing Emerging Risks and Their Impact Today and Tomorrow"

Speaker: :  Dolores Atallo, Firm Director, Deloitte

Abstract: Today's fast-moving world has increased the demand on organizations to identify and assess the potential impact of risks--in the current marketplace and under various stress scenarios. The focus is on senior management and Boards to understand not only the current risk profile but the potential impact going forward.  How can executives make informed risk management decisions before a potential problem becomes a real crisis?  Areas to be addressed:

  • Identifying ways organizations' key risks may change over time
  • Mapping risk events  to business impacts
  • Applying  approaches to facilitate decision-making
  • practical ways companies are developing early warning decision support systems to proactively manage key risks


12:30 - 1:30 KEYNOTE SPEAKER & LUNCH

Afternoon Keynote Speaker: Jeff Madrick, Senior Fellow, Roosevelt Institute, journalist, economic policy consultant and analyst. He is editor of Challenge: The Magazine of Economic Affairs, visiting professor of humanities at The Cooper Union, and director of policy research at the Schwartz Center for Economic Policy Analysis, The New School. Author of Age of Greed: The Triumph of Finance and the Decline of America, 1970 to the Present (http://en.wikipedia.org/wiki/Jeff_Madrick).


1:45 - 2:30 The Dominance of Social Media and the New Brand Transparency: Risks and Opportunities

Speaker: : Karma Martell, President & CEO, KarmaCom Inc.

Abstract: Global acceptance and participation in social media is nothing short of a phenomenon.  There are 750 million active Facebook users, 250 million of which access the application by mobile phone. Linked In's recent IPO was valued at 7.84 billion. Of the 133,000,000 blogs indexed by Technorati, 49% are generated from the USA.  Adoption of mobile smart phones and tablets has broken all previous records for consumer purchases of electronic devices.  The walls are coming down, and corporations and governments find themselves living in glass houses not of their own making (WikiLeaks, the Arab Spring, Nestle). Whether it's a single blogger literally capable of creating a worldwide PR crisis; a social media influencer's rave creating a sudden demand for goods; or a disgruntled employee tweeting trade secrets -- business, civic and government entities ignore social media at their peril.

Session is an exploration of the risks and opportunities inherent in a company's participation in social media, why having a social media policy is essential, and how social media is shaping marketing, PR, R&D, product launches and the nature of corporate communications. 


2:45 - 3:45 The New Schoolhouse, the Global University: Are Business Schools Preparing Students for the New Economy?

Abstract:  In these changing global markets, academia has also had to adapt, and in some cases, re-invent itself.  Current trends in the growth of e-learning and global "off-site" campuses demonstrate that schools and universities are responding to the leaps in technological markets and social and business globalization.  A new kind of "grand tour" is emerging, pushed by the requirements for student cross-cultural exposure, and solidly branded "western" schools opening shop outside of their national borders, to respond to the growing demands of emergent markets.  On the other side of the spectrum, e-learning opportunities coupled with online degree programs, are meeting the needs of the traditional "night class" student of old and offering opportunities for affordable and flexible education for others.  The schoolhouse is changing yet again.  This trend begs various questions.  What curriculum approaches will best bridge knowledge with application for burgeoning technologies societies?  What are the expectations for measuring learning outcomes?  How do universities assess the impact of technology on the learning environments, both good and bad?  How do schools prepare students for this new entrepreneurial environment?

Panel - academic panel:  Dr. Glenn Shafer, Dean, Rutgers Business School, Dr. Sam Basu - Dean, Catsakos College of Business & Professor of Economics, Finance & Global Business, William Patterson University. - and [industry moderator to be announced]


4:00 - 4:45 HOW TO PREVENT YOUR CAREER FROM BEING DERAILED: Managing Risk by Becoming More Other-Centered

Speaker: Stan Cherkasky, Founder and CEO, Change Management  Consulting


4:45 Closing remarks,  Dr. Shanthi Gopalakrishnan, Associate Dean
5:00-7:00 Cocktails /Networking   


Parking and Travel Directions

For Parking, please use the DECK at 154 Summit Street (corner of Summit and Warren Sts).  See travel directions below.  Please push the button at the gate (if not open) and inform security of the event you are attending.