Business & Entrepreneurship

The winners of the 2004 Olin Cup Entrepreneur Competition will be announced Dec. 2 from a pool of five finalists chosen Oct. 29. The finalists are competing in a yearlong competition for $70,000 in investment capital provided by Washington University’s Skandalaris Center for Entrepreneurial Studies.

“Bob and Julie Skandalarises’ generosity has transformed the study, teaching and practice of entrepreneurship at Washington University and this most recent gift will spread the entrepreneurial culture to virtually every venue at our University,” explained Stuart Greenbaum, dean of the Olin School of Business.

Legal scholars, planners and political scientists from the Midwest will come together at WUSTL School of Law Dec. 3-4 to discuss the opportunities for reform in planning and land use regulation. Rep. Marcy Kaptur and Paul Farmer, president of the American Planning Association, will service as conference keynote speakers. The conference features two days of panel discussions on political leadership in planning statute reform, contemporary planning efforts, sprawl and urban growth, housing and regulatory streamlining, and the impact of state and local planning programs.

Originating in Washington University research laboratories, St. Louis-based biotechnology company Apath has generated enough profit in just seven years to contribute $1 million in royalty payments back to the School of Medicine.

Surprisingly, officers leaving the military — even after service in Iraq — are finding that a bachelor’s degree and leadership experience are not enough to arm them for more than an entry-level job at a Fortune 500 company. So what they’re seeking — and what makes them particularly desirable to employers — is a master of business administration degree, says Stuart I. Greenbaum, Ph.D., dean of the Olin School of Business at Washington University in St. Louis.

David Kilper / WUSTL PhotoFailure at a university is a word with bad connotations, unless you are involved in building experimental satellites that the U.S. Air Force and NASA find interesting. An aerospace engineer at Washington University in St. Louis who works with students building experimental spacecraft says student-built spacecraft, which he calls “university-class,” have a strong advantage over aerospace industry-built spacecraft: the freedom to fail.

BundersonWhy do the challenges and tasks taken on by the teams on the popular reality shows “Survivor” and “The Apprentice” so often result in failure or disaster? Perhaps these short-term work groups are assigning responsibilities based on superficial assumptions of expertise. A recent study by J. Stuart Bunderson, Associate Professor of Organizational Behavior at the Olin School of Business at Washington University in St. Louis, shows that work groups perform better when they rely on valid cues, such as education and experience, rather than superficial characteristics such as race and gender.

Washington University in St. Louis has licensed a system developed by Washington University engineers that is meant to detect counterfeit credit cards by reading a unique magnetic “fingerprint” on the stripes of credit cards and other objects that carry magnetic information. The system — called Magneprint — was invented by Ronald Indeck, Ph.D., Das Family Distinguished Professor of Electrical Engineering at Washington University.

Business experts from all over the world will come to the Olin School of Business at Washington University to participate in a three-day conference on corporate governance Nov. 11 to 13. “Key Issues in Corporate Governance,” co-sponsored by the Olin School, the Center for Research in Economics and Strategy (CRES), and the Journal of Financial Intermediation, will be held at the Charles F. Knight Executive Education Center. The conference will feature two days of academic presentations and a third day devoted to panel discussions among senior corporate executives, policymakers and academics. Topics include financial markets and corporate governance regulation in the United States and similar issues in the European Union.

The Center for the Study of Ethics and Human Values, in conjunction with the John M. Olin School of Business and the School of Law at Washington University in St. Louis, will present a tax ethics forum on Oct. 29. “An Ethics Forum for Tax Practitioners” will be held from 8:45 to 11:30 a.m. Friday, Oct. 29, preceded by a continental breakfast at 7:45 a.m., at May Auditorium in John E. Simon Hall. Peter J. Wiedenbeck, the Joseph H. Zumbalen Professor of Law, and Nancy Pechloff, CPA, of the Olin School of Business will moderate the forum featuring five panelists.