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FROM Madison(Wisconsin) Admissions Blog: Professor of Accounting, Author Terry Warfield Featured on Million Dollar Stories Podcast |
Terry Warfield, PwC Chair in Accounting and a professor of accounting and information systems at the Wisconsin School of Business, was a featured guest recently on the Million Dollar Book Agency’s Million Dollar Stories with Mike Fallat podcast. Warfield discussed his bestselling textbook, Intermediate Accounting, now in its 18th edition. Published by John Wiley & Sons, the book is co-authored with Jerry Weygandt, WSB Arthur Andersen Alumni Emeritus Professor of Accounting, and Donald Kieso. The book “has always been, and continues to be, the gold standard,” Wiley’s website states. “Through significant updates, the 18th Edition presents a refreshed, accessible, and modern approach with new perspectives that help connect students to the what, the why, and the how of accounting information.” The book was originally published in the 1970s, Warfield said, and he joined as a co-author during its 10th edition. Describing it as “a walk through the balance sheets,” the book takes students through the key concepts and fundamentals taught in the two intermediate accounting courses offered by most U.S. business schools. It also serves students studying for the rigorous CPA (Certified Public Accountant) exam, Warfield said. “Our book has got a pretty strong tradition of being the book that really helps them prepare for the financial accounting part of that exam.” When Warfield was awarded University of Wisconsin–Madison’s Distinguished Teaching Award in 2017, UW–Madison Communications noted that Warfield “has accomplished something few academics accomplish: He has excelled in teaching students, other teachers, researchers and public-policy makers and educators. He has contributed to teaching excellence by co-authoring three accounting textbooks, one of which is the market leader. That textbook is used around the world and has been adopted by the majority of top-rated accounting programs in the U.S. It has also been translated into numerous languages.” Warfield currently serves as WSB’s senior associate dean. Million Dollar Stories Podcast Episode #147: Terry Warfield, Intermediate Accounting” The post Professor of Accounting, Author Terry Warfield Featured on Million Dollar Stories Podcast appeared first on Wisconsin School of Business. |
FROM Madison(Wisconsin) Admissions Blog: Photo Gallery: Talking Tech in Chicago |
Alumni, students, and technology experts gathered at the Microsoft Technology Center in Chicago for a recent event: Talking Tech in Chicago. Hosted on March 21 by the Wisconsin School of Business (WSB) and the School of Computer, Data & Information Sciences at UW–Madison, the tech-focused networking event welcomed over 100 Badgers, including students in WSB’s Master of Science-Business: Analytics program. In addition to one-on-one networking opportunities, guests participated in a brief panel discussion and Q&A session with tech experts from Spaulding Ridge, Microsoft, and UW–Madison. Guests enjoyed the opportunity to network with local Badgers, meet industry leaders, and of course, talk about tech. [img]https://business.wisc.edu/wp-content/uploads/2024/04/AR_Talking-Tech-in-Chicago_032024_Z72_0664-1024x675.jpg[/img] The networking begins! Margaret Karlen (BA ’03) and Emil Ray Sanchez (BBA ’88), chief executive officer of Phoenix International Freight Services, Inc., strike up an engaging conversation at the start of the event. [img]https://business.wisc.edu/wp-content/uploads/2024/04/AR_Talking-Tech-in-Chicago_032024_NZ9_6893-1024x689.jpg[/img] Cody Baldwin, director of the Master’s in Business Analytics program at WSB, keeps the pace flowing as panel moderator for the event. [img]https://business.wisc.edu/wp-content/uploads/2024/04/AR_Talking-Tech-in-Chicago_032024_NZ9_6892-1024x683.jpg[/img] Participants listen intently as the panelists share their tech knowledge and insights. [img]https://business.wisc.edu/wp-content/uploads/2024/04/AR_Talking-Tech-in-Chicago_032024_NZ9_6852-1024x735.jpg[/img] Ross Freedman (BBA ’97), co-founder of Origin, engages in a thought-provoking discussion with panelist and UW–Madison computer science student Blaine Hoak (PhD ’25), as well as Kelley Burke, Azure technical sales director for Microsoft’s West and Midwest regions. [img]https://business.wisc.edu/wp-content/uploads/2024/04/AR_Talking-Tech-in-Chicago_032024_Z72_0996-1024x693.jpg[/img] Panelist Kelley Burke connects with a UW–Madison student during the event. [img]https://business.wisc.edu/wp-content/uploads/2024/04/AR_Talking-Tech-in-Chicago_032024_Z72_0715-1024x686.jpg[/img] The in-demand event drew in over 100 alumni, students, and tech professionals. [img]https://business.wisc.edu/wp-content/uploads/2024/04/AR_Talking-Tech-in-Chicago_032024_Z72_0906-1024x683.jpg[/img] Blaine Hoak (PhD ’25) addresses the audience during the event’s panel discussion. [img]https://business.wisc.edu/wp-content/uploads/2024/04/AR_Talking-Tech-in-Chicago_032024_Z72_1019-1024x664.jpg[/img] Panelist Jay Laabs (BBA ’98), founder and chief executive officer of Spaulding Ridge, chats with UW–Madison students about the tech industry. The post [url=https://business.wisc.edu/news/photo-gallery-talking-tech-in-chicago/]Photo Gallery: Talking Tech in Chicago[/url] appeared first on [url=https://business.wisc.edu]Wisconsin School of Business[/url]. |
FROM Madison(Wisconsin) Admissions Blog: Empowering Women in Supply Chain: Undergraduate Program Helps Pave the Way for More Women To Enter the Field |
Breanna Schneider (BBA ’24) has experienced something not all other women pursuing a supply chain management degree have: a program where the majority of students are women. This year, 60% of students in the Wisconsin School of Business [url=https://business.wisc.edu/undergraduate/majors/supply-chain/]undergraduate supply chain management[/url] degree program are women. The major has continued to grow the percentage of women enrolled. Two years ago it was 56% female. Schneider says she didn’t think anything about the number of women in her classes until she went to an all-women’s supply chain conference in 2023 and shared WSB’s statistics. People were shocked, she says, and some students from other universities told her they have maybe two other women in their classes. “They were just mind blown because that’s not prevalent everywhere else,” Schneider says. “I walked into a classroom after I got back and looked around. It was like, ‘Wow, there is something really special here.’ Because not everyone else gets this. This is vastly different from a lot of other universities around the nation.” Schneider says there is a strong sense of community within the program. “It doesn’t matter who you are or where you come from,” she says. “It’s just a matter of everyone having the same passion for supply chain and helping each other learn and grow together. A commitment to a supply chain education and career [img]https://business.wisc.edu/wp-content/uploads/2023/03/Shadow_Kohler_masthead_2400_1600-1024x683.jpg[/img] Undergraduate WSB finance and supply chain students participate in the job shadow event at Kohler Co. on Thursday, January 19, 2023 in Kohler, Wisc. Before starting their day at Kohler headquarters, they participated in a self-guided tour of the Kohler Design Center. [url=https://business.wisc.edu/centers/grainger/] Grainger Center for Supply Chain Management[/url] and began developing some of the nation’s first educational programs in the discipline. Before the undergraduate supply chain major was [url=https://business.wisc.edu/news/wsb-announces-new-undergraduate-major-in-supply-chain-management/]established in 2020[/url], there was a certificate. The school also offers an [url=https://business.wisc.edu/graduate/masters/supply-chain/]MS in Supply Chain Management[/url] and a [url=https://business.wisc.edu/graduate/mba/full-time/specializations/supply-chain/]supply chain management specialization[/url] within the Wisconsin Full-Time MBA Program. All are top-ranked programs. The Grainger Center[b] [/b]supports the school’s supply chain offerings through industry connections, networking and outreach events, applied-learning opportunities, and advisory boards. In each, there is a focus on ensuring women are well represented. “If students see more women in their classes and the industry, they’re going to feel more welcomed and they’re going to want to be involved,” says Blake Bishop, assistant director of the [url=https://business.wisc.edu/centers/grainger/]Grainger Center for Supply Chain Management[/url]. The industry is a male-dominated field, but the number of women in the industry is rising. Women make up around 41% of the supply chain workforce compared to 35% in 2016, according to the 2023 “[url=https://business.wisc.edu/wp-content/uploads/2024/03/2023-gartner-women-in-supply-chain-survey.pdf]Women in Supply Chain Survey[/url]” by Gartner, a technology research and consulting firm that releases an annual report tracking the number of women in the field. “It doesn’t matter who you are or where you come from. It’s just a matter of everyone having the same passion for supply chain and helping each other learn and grow together.” —Breanna Schneider (BBA ’24) Bishop says the school’s strong partnerships with two all-women professional supply chain organizations play a key role in addressing the gender disparity that exists in supply chain education and the profession. Those two organizations [url=https://awesomeleaders.org/]AWESOME[/url]—Achieving Women’s Excellence in Supply Chain Operations, Management, and Education—and [url=https://walton.uark.edu/departments/supplychain/wise.php]WISE[/url]—Women Impacting Supply Chain Excellence—raise awareness of supply chain management as a career and help female students make national connections. Proving to be so impactful, a UW–Madison WISE chapter started at WSB this spring with Schneider’s help. ‘I could be her’ Knowing some barriers for women include a lack of representation in supply chain and awareness surrounding the variety of supply chain careers, numerous women sit on the [url=https://business.wisc.edu/centers/grainger/advisory-board/]Grainger Center’s advisory boards[/url] and six out of nine undergraduate student board of directors members are women. Emeritus Executive Advisory Board member Claudia Knowlton-Chike spent 40 years in supply chain management. She started her career as a packaging engineer at IBM in 1982 and retired as the senior director of global logistics at Google in 2022. Throughout her career she advocated—and still does—for women and underrepresented groups to have more seats at the table, where she was often the only woman in a leadership position. She says supply chain is “a great place for women to be” and women excel with their crucial skills in collaboration, communication, problem-solving, and multi-tasking. Plus, there are a variety of opportunities that match people’s professional goals and interests. [img]https://business.wisc.edu/wp-content/uploads/2024/03/SCM_Grainger-Center-Advisory-Board-Meeting_1019_PLN3206-2048x1375-1-1024x687.jpg[/img] Grainger Center Emeritus Executive Advisory Board member Claudia Knowlton-Chike. Job growth in supply chain is expected to rise 28%, faster than the average occupation, through 2031, according to the U.S. Bureau of Labor Statistics. While Knowlton-Chike acknowledges the industry has a ways to go in terms of gender equity and equality, she wouldn’t change her career choice. [url=https://business.wisc.edu/news/empowering-women-in-supply-chain-undergraduate-program-helps-pave-the-way-for-more-women-to-enter-the-field/]Empowering Women in Supply Chain: Undergraduate Program Helps Pave the Way for More Women To Enter the Field[/url] appeared first on [url=https://business.wisc.edu]Wisconsin School of Business[/url]. |
FROM Madison(Wisconsin) Admissions Blog: WSB Alum Dorri McWhorter Recognized with 2024 Chancellor’s Entrepreneurial Achievement Award |
Wisconsin School of Business alum Dorri McWhorter (BBA ’95) has been recognized with a 2024 Chancellor’s Entrepreneurial Achievement Award from the University of Wisconsin−Madison for her business accomplishments and ongoing commitment to social impact. She was presented with the award at a campus ceremony on April 18. Described as a socially conscious business leader dedicated to improving the world, McWhorter is the president and CEO of the YMCA of Metropolitan Chicago. After double majoring in accounting and human resources at WSB, she held several positions and leadership roles across the private and nonprofit sectors, including CEO of the YWCA Metropolitan Chicago. “Dorri is a veritable change-maker and a force for good—no matter where she goes,” says Vallabh “Samba” Sambamurthy, Albert O. Nicholas Dean of the Wisconsin School of Business. “Throughout her distinguished career, Dorri has been driven by the values of collaboration, innovation, and inclusion. Her vision of business success is one where everyone moves forward together. She is the perfect choice for this recognition and is a true embodiment of what it means to be a Business Badger.” The Chancellor’s Entrepreneurial Achievement Award recognizes individuals with ties to UW–Madison who have contributed to economic growth and social good, served as entrepreneurial models for the UW community, and inspired the campus culture of entrepreneurship. 2024 Entrepreneurial Awards Winner: Dorri McWhorter Read more about the 2024 Chancellor’s Entrepreneurial Achievement Awards. Video courtesy of UW–Madison. The post WSB Alum Dorri McWhorter Recognized with 2024 Chancellor’s Entrepreneurial Achievement Award appeared first on Wisconsin School of Business. |
FROM Madison(Wisconsin) Admissions Blog: Business Badgers Win KOHLER Undergraduate Wisconsin Supply Chain Cup |
Grainger Center for Supply Chain Management. Wisconsin Idea: the belief that learning extends beyond the confines of the classroom. “We wanted to revive this competition and offer a great opportunity for Wisconsin students. Schools like UW–Superior have amazing supply chain programs and we are happy to include all our colleagues and students from across the state.” View moments from the competition as captured by WSB photographer Paul L. Newby II: First-place winners Team Echo stand on the stage of the Plenary Room for a picture. From left to right: Empowering Women in Supply Chain: Undergraduate Program Helps Pave the Way for More Women To Enter the Field Championing Supply Chain Excellence: A Triumph at TCU Case Competition 2024 Ask an Expert: How Are Current Supply Chain Issues Taught in the Classroom? The post Business Badgers Win KOHLER Undergraduate Wisconsin Supply Chain Cup appeared first on Wisconsin School of Business. |
FROM Madison(Wisconsin) Admissions Blog: The Power of Questions: What Every Professional Should Be Asking |
Questions are an important part of Arik and Derek Johnson’s lives. The brothers ask them each day. Of each other, of themselves, of others. They’ve led to self-reflection, helped the two grow personally and professionally, and led to launching a successful business. “The quality of your questions determines the quality of your future,” says Arik (BA ’92), who founded Aurora WDC, a professional services firm focused on competitive intelligence, market innovation and corporate strategy, in 1995. Derek (MBA ’04) joined as director of research in 2003 before becoming CEO in 2010. The University of Wisconsin–Madison alumni say they have been significantly influenced over the decades by questions authors have posed in books the two consider must-reads. The brothers shared the questions, books, and lessons of resilience with Wisconsin MBA students, faculty, staff, and alumni as part of the M. Keith Weikel MBA Leadership Speaker Series held at the Wisconsin School of Business. Throughout the conversation, the Wisconsin natives discussed how their parents have shaped their decisions and pushed them to be resilient. Derek and Arik’s father died in 1999 and their mother died in 2001. “You look at all the good lessons that might come to us in our life and some of them might be the most difficult things you’ll ever have to cope with,” Derek says. Below is a selection of the 15 questions Arik and Derek shared with the audience and their thoughts. 1. Which strategic choices will have the greatest influence on our success? This question is from Clayton Christensen’s Seeing What’s Next: Using Theories of Innovation to Predict Industry Change. It is one of three questions Arik says he has asked every day of his career and helped shape Aurora WDC. Choice being the operative word there. Choice is really tough inside corporations because choice implies a prerequisite sacrifice. That notion of sacrifice is a deeply human and really tough part of the choice-making process. Most corporations and executives aren’t sitting around thinking about all the sacrifices they’re going to make in order to make a selection. But that’s what it boils down to. A big part of what we have to do is expand the possibilities of options and then narrow it to the superior option, the optimal option. And that is a specific kind of intelligence we call optimality. Optimality is the process of sacrificing all of those really good options in pursuit of the one that’s the best one, that only you as the organization can exploit and enjoy a yield from. —Arik Arik Johnson, chair of the board and founder of Aurora WDC, and his brother Derek Johnson, chief executive officer of Aurora WDC (not pictured), speak to an audience of Wisconsin MBA students during an M. Keith Weikel MBA Leadership Speaker Series event Thursday, March 7, 2024. 2. When something goes sideways in your life—personal or professional—who will you blame? This question is from Jocko Willink and Leif Babin’s Extreme Ownership: How U.S. Navy Seals Lead and Win, a book that Derek says had a huge impact on him and is a reminder to be and remain humble. It also brings up memories of his parents. This book really resonated with me. When I think about things going sideways in our lives—whether that be our parents dying when we were pretty young or something not going right in our business—who are you going to blame? Are you going to take that and practice this art of extreme ownership? That’s what I’ve learned from this book. And it doesn’t mean it’s easy. In fact, it’s quite difficult to embody that mindset. But when you do, I would argue that it provides you some type of relief from this temptation to blame others. —Derek When circumstances in your life change, listen to what they might be attempting to tell you because you might be missing a huge opportunity that you’ll never get back. —Derek Johnson (MBA ’04) 3. How can I be sure that I’ll find satisfaction in my career? This question is from Clayton Christensen’s How Will You Measure Your Life? Derek says this book “will change the way you think about things for the better.” When their parents passed away, Derek had a career he loved. He was an account manager at Northern Capital Management, an investment management firm in Madison founded by Stephen Hawk. But then Arik and Derek began talking about working together, and Derek had to weigh his options. He says had one or both of his parents been alive at the time, he may have been convinced to stay at Northern Capital Management. How can I be sure that I’ll find satisfaction in my career? You really can’t be but you can certainly be more than just lucky. You’re not always going to be perfect. You’re going to have those moments where you say, “I really wanted to pursue this,” or “I feel stuck to keep in this career because I’ve got a family to support.” Whatever that might be, they’re all valid reasons. But when circumstances in your life change, listen to what they might be attempting to tell you because you might be missing a huge opportunity that you’ll never get back. —Derek Derek Johnson, chief executive officer of Aurora WDC, and his brother Arik Johnson, chair of the board and founder of Aurora WDC (not pictured), speak a to an audience of Wisconsin MBA students during an M. Keith Weikel MBA Leadership Speaker Series event Thursday, March 7, 2024. 4. How can I avoid compromising my integrity? This question is from Clayton Christensen’s How Will You Measure Your Life? This book emphasizes being true to yourself and not compromising your integrity, values, and morals. The question stems from the Enron financial collapse. Christensen’s Harvard Business School classmate was former Enron CEO Jeffrey Skilling. The notion of profit being at the expense of everything else is a really important lesson I learned from this book. Meaning is not going to come from profit. Meaning is going to come from making a difference in the world that you can own and that it can be part of your identity. You get to work with people that you love and respect and they champion your cause as much as you champion theirs. Profit is a byproduct of all those other things. Profit is really important, but it’s not the main thing. —Arik M. Keith Weikel Leadership Speaker Series at the Wisconsin School of Business enables Wisconsin MBA students to interact with and learn from accomplished business leaders and alumni. Executives from both the private and public sectors are invited to campus to address students. The series was established in 2004 with a gift by John J. Oros (BBA ’71) and his wife, Anne Wackman. Today, the series continues as the M. Keith Weikel MBA Leadership Speaker Series thanks to a gift by M. Keith Weikel (PhD ‘66) and his wife, Barbara. The post The Power of Questions: What Every Professional Should Be Asking appeared first on Wisconsin School of Business. |
FROM Madison(Wisconsin) Admissions Blog: Associate Professor Evan Polman’s Nudges Research Featured in Harvard Business Review |
Could you benefit from a little extra push to make a decision—whether it’s finally booking that vacation, fitting a quick walk into your lunch hour, or picking what to defrost for dinner? Behavioral science describes such pushes as “nudges.” These small interventions are designed and tested by researchers to better understand the when, how, and why of what we do. Marketers frequently use these interventions to sway consumers toward one of several options, like signing up for a health club or selecting a cable provider. A new study by [url=https://business.wisc.edu/directory/profile/evan-polman/]Evan Polman[/url], published in the Journal of Consumer Research and featured in [url=https://hbr.org/2024/04/will-your-nudge-have-a-lasting-impact]Harvard Business Review[/url], looked at participant behavior and nudges across three different tests. The study found that while nudges may influence people to commit initially, that [url=https://academic.oup.com/jcr/advance-article-abstract/doi/10.1093/jcr/ucad081/7491600?redirectedFrom=fulltext]effect may wane significantly over time[/url]. [url=https://news.wisc.edu/2019-distinguished-teaching-awards/#&gid=1&pid=6]Distinguished Teaching Awards[/url] in 2019 from the University of Wisconsin–Madison. In addition to the Harvard Business Review, his research is frequently featured in national media outlets such as The Wall Street Journal and The New York Times. The post [url=https://business.wisc.edu/news/associate-professor-evan-polmans-nudges-research-featured-in-harvard-business-review/]Associate Professor Evan Polman’s Nudges Research Featured in Harvard Business Review[/url] appeared first on [url=https://business.wisc.edu]Wisconsin School of Business[/url]. |
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