Showing posts with label faculty. Show all posts
Showing posts with label faculty. Show all posts

Thursday, December 3, 2015

4th Annual Biopharmaceutical Case Competition





On Friday, November 20, the 4th Annual Biopharmaceutical Case Competition took place at Rutgers Business School, Newark. The event was sponsored by the Rutgers Pharmaceutical Management Program and teams from nine different schools competed in the case competition. Students spent a week preparing a biosimilar defense plan for the drug Humira, and then presented their strategies to judges from gold level sponsoring companies Bayer, Sanofi, Novo Nordisk, Herspiegel Consulting and Campbell Alliance.  In addition to participating in the case competition, students were able to attend a panel discussion, moderated by Dean Sharon Lydon, about careers in the Pharmaceutical Industry. The event concluded with a cocktail session where students, guests and sponsors were able to network and celebrate the competition. 
2015 Case Competition Participants!
Panel Discussion
Panel Moderator Sharon Lydon
Judges from Herspiegel Consulting, Bayer and Campbell Alliance


The event was extra special for Rutgers Business School as the Rutgers Team composed of Priya Kar, James Ma, Irene Mac, Kinshuk Saxena and Aneesh Vase placed 2nd!!!! 

The team also learned a lot from the experience and team member Irene Mac states "Participating in the case competition was a great experience. It made me realize how much I have learned as a second year MBA student, especially from the pharmaceutical management curriculum. Because of how current and applicable the subject matter of the case was, I will be able to use the strategies we developed in my future endeavors working in the pharmaceutical industry.

Congrats to the Rutgers team and all the other participating teams:


The judges recognized the following:

1st Place - Johns Hopkins Carey School of Business

2nd Place - Rutgers Business School 

3rd Place - Yale School of Management
Honorable Mention - Georgetown McDonough School of Business

Best Presenter - Brent Schneider, Johns Hopkins Carey School of Business

A special thanks goes out to Professor Hassan, Program Manager Anabel Damacela, and Student Organizers Mike Koskulics and Jen Abalajon!!


Sunday, November 8, 2015

Novartis Panel Discussion

In business, Procurement is the act of buying the goods and services necessary to keep a company operational. While it may seem simple in theory, it’s a complex field that requires strategic and analytical thinking in conjunction with softer skills such as emotional intelligence and communication.

Rupa Banerjee delivering introductory remarks


On Thursday, November 5th, Rutgers Business School hosted a panel discussion where executives from Novartis shared stories from their careers in Procurement. Michael Brueckner (US Head of Procurement), Michael McKenna (US Head of Corporate Services Procurement), AnnMarieMoran (US Head, Marketing and Sales Procurement), Thomas Michaels (US Head, Real Estate and Facilities Procurement), Caitlin Mosco (Sourcing Manager, Global Procurement), and Todd Bittiger (Global Supplier Performance and Innovation Manager) were all in attendance. Rupa Banerjee, Co-President of the Management Consulting Club, kicked off the event by welcoming all the panelists and attendees. Professor Eric Larson then spoke about how the RBS Supply ChainManagement program has grown, and that Rutgers is now one of the top schools in the country for students interested in Supply Chain. Next, Shakun Wattal, Co-President of the Supply Chain Student Initiative, introduced each of the panelists and gave a brief description of their role at Novartis.

Novartis Panel Discussion

The panel then kicked off with a video where the Novartis CEO, Joseph Jimenez, talks about the mission of Novartis and the patients they serve. It was very clear that all of the work Novartis does is centered on allowing patients to overcome their respective diseases and live a normal life. Mr. Jimenez  explained, “I have arrived at a very simple concept: normal is extraordinary. There is nothing more extraordinary than a normal life." Mike Koskulics, Co-President of the Pharmaceutical Management Club, served as the panel moderator and segued into the discussion by asking the panelists what inspired them to get to the point in their careers they are at today. All of the panelists came from different backgrounds, but it was clear they all have a passion for Procurement and the effect it can have on an organization like Novartis. Mr. Brueckner talked about how he wanted to work in Procurement because it gives you a broad view of the company and the business. Mr. McKenna comes from an academic background and described how the world of academia shaped his professional career in Procurement. Mr. Michaels noted that Procurement is all about saving money and at Novartis, every dollar he is able to save can go developing new drugs or helping patients pay for their medication. Mr. Bittiger explained how procurement also affects the top line in a business and that is what inspires him. If he is able to do his job well and form strategic partnerships with top suppliers, he can make Novartis their client of choice and this ensures that Novartis’s products are brought to market in the most efficient and successful way possible.

The next topic of discussion focused on how students can be successful in Novartis without a strong Pharmaceutical background. Ms. Moran assured students that it’s OK to come to Novartis without a Pharmaceutical background. Instead of having broad knowledge about the industry, having skills essential to the function of Procurement is more important. Ms. Mosco elaborated by saying skills like being able to develop relationships and effectively communicate are the most important to her career.


Mike then opened up the panel to a general Q&A and the panelists covered topics such as innovation and the changing landscape of Procurement.  The event concluded with closing remarks from the Chair of the Supply Chain Management Program, Professor Rosa Oppenheim. It was an informative and engaging event that the students benefited from and enjoyed. Thank you to Rupa, Shakun, Michael and the countless other people involved who made this event such a success! And a special thanks to the panelists for taking time out of their busy schedules to come to RBS. We hope you’ll return again soon!

Friday, July 10, 2015

Summer Internship Series: Susan, Laavanya and Jaclyn

And we're back! Hope everyone had a great 4th of July weekend! I know a lot of people have reached or passed the halfway point, I can't believe it! This week we've got Susan Smith, Laavanya Shriram and Jaclyn Kirna talking about their internships...

Susan, concentrating in Finance and Supply Chain Management, writes from Iselin, NJ...

"Greetings from the distant land of Iselin, NJ, where I am interning in global financial planning and analysis at Ansell. Ansell makes personal protective equipment, such as gloves, suits, and condoms. They are a truly global company with operations in each of four regions: North America (NA), Latin America & Caribbean (LAC), Asia Pacific (APAC), and Europe, Middle East & Africa (EMEA).

So far, I have worked on some small tasks – collecting information on the manufacturing sector in different countries and on general economic conditions globally in order to predict and analyze the effect of global conditions on sales and creating bridge graphs for a presentation. I am also working to model sales forecasts and analyze growth with the complicating factor of acquisitions and the seasonal nature of the business. Remember Dr. Lei’s seasonal forecasting models? Well, I have been putting them to use! Most recently I have been collecting information on recent sales growth of competitors and distributors in order to see if the movement in manufacturing affects them in similar ways. 

It has been nice to meet interns from other schools, although there is a big Rutgers contingent. Go RU. Another plus is the lunch and learns that HR has set up for us. We met the Chief Human Resource Officer who gave us an overview of the company. We also met a brand manager and learned about a new product, both how it was developed and how a market is being created for it. The Director of IT gave us a view of how the IT department interacts with and supports the rest of the business. We will also be lunching and learning with a NA head of sales as well as the CEO."

Laavanya is concentrating in Supply Chain Management and Strategy and is working in Northvale, NJ...

"This summer, I am working for RAB Lighting, based out of Northvale, NJ. In little over a month, I have had 2 dinner parties, 7-9 cakes, and above all hands-on experience in various aspects of supply chain - procurement, inventory management, demand planning, new product development and logistics.

RAB is a third generation family owned U.S. company and the fastest growing company in New Jersey too. The company manufacturers and distributes commercial LED lighting. A year ago, the company began forming it's Supply Chain department and has been a growing team since. As a Supply Chain Intern, I am mainly focussing on demand forecasting & inventory management. I feel really lucky to have found this position as I am able to rotate in each team within the SC department, helping enhance/apply all that I have learnt via RBS. Also, the coolest thing, as the entire company located in one building, I literally walk through each process or department and see how they function. 

Be it working in excel to report KPI trends or applying OB concepts enabling change management during Lean events, I find learning is everywhere and summer is too short to fully absorb it. I hope to gather as much as I can here and hopefully define my career path. This is also my first experience working for a small company (well when compared to MNC's I earlier worked for) with strong culture. Today I can vouch that there is a thing named work culture fit. Though my colleagues are diverse and unique, because we all have similar ideologies it makes working together fun and easy. I feel much more confident in voicing my opinions or ideas. The entire company has a family kind of vibe, anyone can walk into any space (yep even CEO's office) without feeling awkward and have an open conversation about anything. 

On a personal front, thanks to a 30 mile commute, I finally bought a car and have been making the most of it. Our classmate, Meghana Talasila, also on the same team as me, is in the same boat. So we hangout a lot and cherish our Rutgers roots. We have been exploring some hidden hiking gems in the Tristate area. Anyone interested?"


Jaclyn is a Finance and Strategy student spending her summer working in NYC…

"This summer, I am interning in Commercial Finance at Pfizer Inc.’s World Headquarters located in midtown Manhattan.  During the 10-week internship, I am working on two teams: Global Commercial Operations and Accounts Receivable – Working Capital Initiatives. On Pfizer’s GCO team, I have been collaborating with leadership team members and Op. Plan leads to help prepare Pfizer’s 2016 Operating Plan and build a compensation model for GCO spend.  I am also assisting GCO leadership team members with reevaluating their monthly reporting, forecasting, and budgeting processes based on regional needs.  On the Accounts Receivable team, I assist with DSO (days sales outstanding) trending, reporting, and analysis and I help the team prepare and validate AR reporting packages.  During my time on both teams, I am working to improve the efficiency of Pfizer’s reporting processes.

I just finished week 6 of my internship and it’s hard to believe how fast it is flying by!  Pfizer’s internship program has given me a lot of exposure to senior executives through the various lunch & learns planned for the MBA summer associates.  This past Tuesday, we had a summer speaker session with Chairman of the Board & CEO, Ian Read.  He shared his career path as well as his perspective on transformational leadership and it was exciting that the interns had the opportunity to ask him questions at the end of the session. At Pfizer, the MBA interns also work on a live case study throughout the summer.  My team is comprised of 2 finance interns and a procurement intern.  In early August, we will be presenting our recommendation to our managers and senior executives in the company. Earlier this summer, Pfizer colleagues volunteered at Camp Sebago (a camp located outside of NYC for inner city children).  I spent the day cleaning up the campsite with colleagues from different Pfizer locations and it was fun to watch a dance routine that the children performed for us that afternoon.  We lucked out with good weather and the lake up there was beautiful!

It’s hard to believe that just a year ago, I was teaching 22 super energetic third graders.  It’s been a challenging yet exciting career change into the corporate world, but I’m really enjoying the experience.  The best part is that I’m working with people who love what they do and I’m learning something new every day!

After the internship, I have plans to travel to Houston, Texas for a wedding and then to Austin, Texas to visit some friends (and any of the Dell folks who will still be down there!).  As a Jersey native who loves the beach, the summer wouldn’t be complete without spending some time at the Jersey Shore!"

Thanks for checking in and keep reading each week! 

Friday, October 25, 2013

FACULTY SPOTLIGHT: Dr. Ramon Henson

rutgers business school blog
Professor Ramon (Ray) Henson is an organization and management consultant with over 25 years of global experience working in senior positions with various Fortune 500 companies, including Merck & Co., Avon Products, Merrill Lynch and Citigroup.  He currently heads Henson Consulting International, is a Consulting Partner with Organisation Solutions (Singapore), and is a member of the consulting team of the Center for Organizational Design (United States).  

 At Rutgers Business School, Professor Henson teaches both undergraduate and graduate courses in Organizational Behavior, Human Resource Management, Executive Leadership, Cross-Cultural Management, Team Development, International Business, Global Management Strategy, and Strategic Management.  He is also on the faculty of the RBS International Executive MBA Program, where he travels overseas (China, Singapore) to teach. 




Not only is Professor Henson a dedicated teacher, but he is also an avid blogger. His blog was recently ranked by OnlineMBA.com as one of the top 50 business blogs by business professors.

Advice on Developing a Global Mindset

So you have heard that many multinational firms today want their new hires and managers to have a global mindset.  Yes, you say to yourself, that makes sense, since many firms today do business around the world, sell products globally, and have employees from different regions. 

But you are not sure what having a global mindset means.  You have a passport, and you have traveled overseas.  Perhaps you are a second-generation American, whose parents immigrated to the United States.  Or perhaps you came from overseas to study at RBS.  You have taken courses in international business and global strategy, and you have friends from different parts of the world.  You are familiar with the business issues that multinationals face when they do business in different countries, and you are aware of some of the cross-cultural challenges that these businesses face when they try to implement their policies and practices in different countries.  Does that mean that you have a global mindset?

There are two words that I have converted to acronyms that I’d like you to remember.  The first is FACE.  Global mindset is a mental attitude, an inclination.  It is not a behavior, but it should predict behavior.  In my own experience and interviews with executives and students, I would say there are four components to global mindset you can easily remember with the acronym FACE:  Flexibility, Acceptance/Openness, Curiosity, and Cross-Cultural Empathy.  So having a global mindset means that when you interact or work with people from different cultures, you need to: be flexible; learn to accept different points of view and to be open about them; be curious about other cultures; and develop empathy by trying to put yourself in the other person’s shoes.

If these are the four orientations to having a global mindset, what can you do practically to develop it?  The second word I’d like you to remember is the acronym ROPE, which stands for Reading, Observing, Practicing, and Experiencing. 

First, reading.  Yes, you can read randomly and surf the internet to learn about other cultures and global issues, but it’s better to be focused.  Pick a country or two you are interested in (for example, countries of the colleagues or customers you are interacting with), and spend at least 15 minutes daily learning more about that country – its politics, its business environment, its history, its people, what consumers in that country are like, and what it’s like to do business in that country. 

Second, observe.  No, you don’t have to be a voyeur or an eavesdropper.  But when you are watching a foreign movie, or are observing people from other cultures talk or interact, step back and pay attention especially to the non-verbals – their body language, their use of personal space, the tone and manner of speech.  Another suggestion is to observe the interactions during meetings with global teams or with people from different cultures.  Find someone to help you “de-brief” these meetings, especially around the group dynamics and interactions, to get a better understanding of how people communicate cross-culturally.

Third, practice.  Here’s a suggestion.  When you enter a classroom for a new course, do you tend to look for a familiar face and then instantly sit down beside that person?  Next time, look for a person you don’t know, even someone who you think may be from another culture, and introduce yourself.  After establishing rapport and gauging the person’s comfort level, ask questions about his or her country in a general way (e.g., “What’s the weather like this time of year?”).  More often than not, that person will appreciate your interest and you will be able to make a connection and build a relationship.

Fourth, experience.  Break up your routine and get out of your comfort zone once in a while.  There are a lot of different ways you can do this.  For example, when at a restaurant, order a dish that you have never had before.  Or better still, go to places that offer a different type of food than what you are used to.  Once in a while, take a different route in your commute.  Once a week, leave your mobile phone at home.  The point of these small changes to your habits will be to help you expand the range of your comfort zone so you can become more adept at “going with the flow” in the future.

The bottom line - global mindset is about having an attitude of eagerness, curiosity, learning and openness about different cultures and the people from those cultures.  Of course it helps if you are well traveled.  But I know people who travel to different countries and only stay at American hotels, eat only American food, and hang out only with other Americans (you can replace “American” with whatever your nationality or cultural identity might be).

As it turns out, your RBS colleagues have an intuitive idea of global mindset, as you probably do also.  From my classes, here are some of their replies to the question of what global mindset means to them:
 “Global mindset means that you are aware of your environment, of others and the impact of ideas and events in your business, strategy or position.”

“Taking a more macro look at things … understanding that things won’t work the same all over the world, and taking that into account.”

“Having an understanding that countries have different cultures, and going into each country, one must always be aware and sensitive to that country’s cultural ways.”

 “Someone who understands or has an open mind to understand different cultures and how these affect the outcomes of decisions.”

“Putting yourself in the other culture’s shoes.”

“Listening and resisting reflexive judgments.”

“Your way is not always the right way.”

“Understanding that different countries/cultures have different ways of doing things.  They value certain things differently.  A global mindset has to take all of that into consideration and be open-minded and willing to compromise.” 

For further reading, here are five highly recommended books:
          
Charan, R.  (2013)  Global Tilt.  Crown Business.  
Gundling, E.  (2003)  Working GlobeSmart.  Nicholas Brearley Publishing.
Nisbett, R.  (2004)  The Geography of Thought.  The Free Press.
Reid, T. R.  (2000)  Confucius Lives Next Door.  Vintage.
Morrison, T. and Conaway, W.  (2006)  Kiss, Bow or Shake Hands.  Adams Media.

For more wisdom on Global Management, visit Professor Henson’s blog: