3rd Annual EMBA Conference/School of Management

 

Business Realities in a Time of Transition                                    

Friday, November 16, 2012/NJIT Campus Center Atrium

 

As we emerge from the powerful centrifuge of a presidential election year, we must recalibrate our views to the next 4 years of reality.  This is not just an “American reality” but a global reality where politics, policy, business, and cultures collide. At NJIT, our EMBA program considers the business environment from multiple perspectives and this conference is a demonstration of that philosophy. This annual event seeks to identify the challenges and highlight the drivers affecting the intersection where business, public policy, and globalization merge.   We will also fast forward, exploring future implications of these respective issues and discussing their impact from both local and global perspectives.

 

8:30-9:15           Registration/Continental Breakfast

 

9:15-9:30             Conference Introduction:  D. Elaine Frazier, Dir. EMBA & Graduate

                                 Programs

                                Dean’s Welcome: Dr. Pius Egbelu, Dean, School of Management

9:30-9:40            President’s Welcome:  Dr. Joel S. Bloom, President, NJIT

 

9:45-10:15           Keynote:  Managing in Times of Political Predictability, Economic Instability, and Seminal Change  

                                SPEAKER:  Honorable Suresh Kumar

                                Distinguished Visiting Professor of International Business, George Washington University and most recent Assistant Secretary of Commerce & Director General of the U.S. & Foreign Commercial Service (USFCS), Obama Administration

 

10:15-10:30       BREAK

 

10:30-11:30       The One Percent Dilemma:  America at an Economic Crossroads

                                Abstract: In the recent past, America has suffered its most serious economic downturn since the Great Depression, whose final effects on the economy and society at large have yet to be fully quantified.  But, unlike the Great Depression America, the world saw the greatest growth of wealth within the ranks of its top income earners, sometimes called “The One Percent”.  In 2001, a documentary was released describing the growing wealth gap between the very wealthy and the “others”;  recent events appear to demonstrate that government policy and the manner in which the American socio-economic structure has shifted not only enables, but also fosters such a wealth disproportion.  What are the political, ethical, and social issues regarding the effects of this disparity?  Accompanying this phenomenon is the seeming demise of the traditional middle income jobs, thus a widening gap between low and high paying jobs, which MIT’s David Altour terms “the polarization of job opportunities”.

                                Panel Moderator:  Steve Adubato, PhD

                                Panelists:

·         John Sarno, Esq., President & General Counsel-Employers Association of NJ

·         Debra Osofsky, Esq.     

·         Jeff Cohen, President, JM Cohen Associates

 

11:30-12:15        Urban Renaissance as an Engine for Economic Recovery

Lyneir Richardson, CEO - Brick City Development Corporation

 

12:15-1:15           LUNCH & Speaker

                                12:45-1:15- Outlook for the New Jersey - New York Regional Economy

                                James Orr, Asst. VP and Function Head-Federal Reserve Bank of NY

                                Abstract:  This session examines economic conditions in New Jersey and New York, with a focus

on the labor market, housing market and the financial condition of households.  It will highlight

the industries that are the key drivers of jobs and income across the region. Further, this session will also consider how the economic downturn has forced governments in the two states to cope with budgetary pressures.  The presentation will also discuss the economic cost of Hurricane Sandy to the region, and how will it be paid for.

 

 

 

 

                               

 

 

Afternoon Sessions

 

 

 1:15-2:15            The Road to Regulation:  Drivers for Change in Current Regulatory Climate

                                Moderator:  John Sarno, Esq., President & General Counsel

                                 Employers Association of New Jersey

                                Panelists:

·         Dolores Atallo, Firm Director, Deloitte – “The Role Regulation in Shaping Corporate Governance”

·         William F. Megna, Esq, - The Megna Law Firm - The PPACA: how healthcare providers, insurance and pharma industries, and medical device industry worked with legislators  to
write the final bill
  

Abstract:  Historically, times of economic and social turmoil give rise to regulation.  Not surprisingly, the three most significant bodies of regulation impacting financial markets were passed into law during challenging economic times; the formation of the SEC (1934), the Sarbanes-Oxley Act (1992), The Dodd-Frank Act (2010) and the Patient Protection and Affordable Care Act (2010)  Food, health and safety and work condition standards that we enjoy today evolved from a migration to an industrial society to an information and service economy, but not without social and economic disruption and dislocation. Regulation is the governmental and societal tool to standardize conduct, regulate competition, protect consumers, spread risk and provide transparency into business practices.  Government oversight of these regulations is a demonstration of action that provides comfort to some but is not welcome by all.  In discussing the road to regulation for various business and industry sectors, the panel will consider the drivers and impact of regulation on various stakeholders and the economic environment.

                                 

 

2:15-3:15            Branding in a Global Marketplace:  Telling Your Story and Making it Relevant

                                Roger Cohen, President - Cohen International and Lead Consultant, SBDC-NJ

                                Abstract: This session seeks to illustrate specific examples of how Branding can drive a

company’s global segment growth.  How do celebrated Western multinationals promote their brands differently in international markets?  Why do companies utilize brand confusion? By highlighting recent successful globalized brands and the strategies that led to their growth across markets and within geographic regions, this session will examine successful strategies used by both large enterprises and small companies.

 

3:15                       BREAK

 

3:30-4:30          Globalization Today:  Opportunities for Growth and Service/Charting Your Future in a New Economy

                                Speaker:  Marjorie Perry, President & CEO, MZMCC Construction

Abstract:   The recent economic downturn across the globe broadcast a shift in global economic structures which appeared to sustain and expand a set of unique rules for a new global economy.  This New Economy is international, entrepreneurial, and knowledge based.  There is a shift of economic power from first nation economies to other accelerated growth markets.  Information and communication technologies are increasingly at the center of national competitiveness strategies around the globe, and are vital to the economic and social growth of developing and middle income economies.  The keys to success in business markets increasingly are inextricably linked to the extent to which innovation, knowledge, and technology are embedded in products and services.  In order to achieve “growth” in this “new economy”, what strategies must be incorporated into business applications for both Main Street and entrepreneurial business markets? 

 

4:30                      Closing Remarks

 

4:45-6:30           EMBA Alumni and Student Networking/Cocktail Reception- 112 Eberhardt Hall

 

RSVP: Lilia Lozarito, Lozarito@njit.edu; 973.596-8477

FREE DECK PARKING;  154 Summit Streethttp://www.njit.edu/about/visit/gettingtonjit.php;