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International Business Institute at the University of Missouri–St. Louis
SPRING 2020
Transcending
Boundaries
in INTERNATIONAL BUSINESS
Lighting the Path to Successsiness
in International Bu
Stay Engaged
International Business Institute
IB Case Competition UMSL IB Faculty have Stay Focused! Advisory Board
received more than
12 years 7 72 teams
84 vision
The International Business Institute Advisory Board includes academic
$3,500,000
Aligning naturally with UMSL’s mission of “We Transform
years, Lives,” the International Business Institute continues to be
and business leaders who are St. Louis based and global. Board members
motivation
represent companies of various sizes. This linkage is critical to the ongoing
IB Career e engaged in transforming students to become future global development of the International Business degree programs at the
Conference in g in research grants
market
business leaders. University of Missouri–St. Louis. Business members of the advisory board
provide valuable input about curriculum and internships for international
3,500+ In this newsletter, we are excited to share a few important
highlights:
MBA students and participate in classes and other forums to share their
experience and knowledge with our students.
students
175,000 • UMSL’s International Business undergraduate program Scott Bell John Guckes Jay Shekelton
ip
dersh
Independent Consultant, Independent Consultant President,
was ranked Top 25 for 17 consecutive years in a row in
lea
Former Vice President of and CorneaGen CEO Senior H-J International Inc.
UMSL in study abroad U.S. News and World Report; Global Sales Operations,
Siemens
Advisor, John Guckes &
Associates, LLP
Torbjorn (Turbo) Sjogren
IB faculty scholarships to • Our IMBA program with Nanjing University was recently Steve Burrows Sean Hanebery
Vice President, Air Force
Fighters & Aircraft
have over ranked Top 5 by MBA China and the Manager Magazine; International Business Digital Programmer Nies/RR Sustainment Global Services
COBA students
36,000
Development Professional, Donnelley Company & Support The Boeing
• IB Fellows published Former CEO of Anheuser-
Scott W. Hine
Company
Busch International
in leading academic Vice President, Products Peter A. Smith
plan citations in s Ross Bushnell & Solutions and Chief Vice President, Global
dea
journals and received Vice President and General Innovation Officer, Novus Franchising, Enterprise
Google Scholar i multiple research Manager, Global Flexibles,
Sonoco
International Holdings, Inc.
awards nationally and Kei Pang Jorge Toro
Michael Costello Chief Business Development President and CEO, Medinexo
internationally;
IB faculty
Founding Member, & Strategy Officer, Nidec
Tom Wilson
research have published
• We celebrated the
Agreeco, LLC
Lloyd “Henry” Evitts
Motor Corporation
Rodolfo Rivera
Vice President, Marketing at
Bayer Crop Science
7th annual International
more than Vice President, Director, Business
Timothy Nowak
300
Business Case Manufacturing H-J Development Fidelity
Executive Director, World
Enterprises, Inc. National Title
Competition, and this Trade Center Saint Louis
ss Thomas Eyssell Joseph Rottman
business succe
year’s case competition Chair - Dept. of Finance and Associate Dean, Graduate
Michael Kelley
peer-reviewed will incorporate an Legal Studies Professor and International Programs,
Vice President of
articles teaching innovative company Dr. Gerald Yong Gao
of Finance University of
Missouri–St. Louis
University of Missouri–
St. Louis
International Business
Development, Metal
innovation visit feature; Director, International
Business Institute Norihito Furuya Shaker Sadasivam
Exchange Corporation
y
CEO, IGB Network Co., Ltd. Public Company CEO,
• We offered more
teg
Entrepreneur, Technologist
More than management
Joel Glassman
stra
scholarships to help students
Over SunEdison Semiconductor
$500,000
Associate Provost, University
500
participate in various study of Missouri–St. Louis Charles Hoffman
Dean, College of Business
abroad programs, including a trip to Bremen in the Greg Gorman
in gifts related to teamwork
Administration, University of
Vice President, Business
summer, IMBAi in Aschaffenburg, and many others.
International Business COBA students Planning & Development,
Missouri–St. Louis
workshops have studied abroad
Nidec Motor Corporation
These achievements are the result of the joint efforts from
our world-class faculty, dedicated staff, the highly engaged
Advisory Board members, and our talented and motived The International Business Institute at the University of Missouri–St. Louis publishes IBI News
for alumni, faculty, students and staff. The newsletter highlights the people and programs that
students. In the future, we will stay focused with our central make the institute great.
mission to further international business education through
T
International Business Institute 314-516-4503
offering valuable cultural exposure to students, enhancing
S
U.S. News & World Report’s 2020 “America’s
E
College of Business Administration ibinstitute@umsl.edu
BCOLLEGES
internationally-oriented research, and strengthening the University of Missouri–St. Louis ib.umsl.edu
Best Colleges” guidebook names the University of linkage with the St. Louis business community. We look 350 J.C. Penney Building
Missouri–St. Louis among the top 25 IB programs in forward to another remarkable year!
1 University Blvd.
St. Louis, MO 63121-4400
the nation for 17 years and counting.
INTERN
ATIONA
L
1U7NNING!
BUSINE
SS
R
YEARS International Business Institute
22 International Business Institute 3
IB ON CAMPUS
CONTENTS
Director’s letter................................................... 3 Top
IB ON CAMPUS
Top international business journal ................. 4
recognizes Professor Janet Y. Murray
international
for substantial research contributions
Alexis Bates explores globe............................. 6
while pursuing UMSL degree
business journal Janet Y. Murray, the E. Desmond Lee Professor for Developing Women
Leaders and Entrepreneurs in International Business and professor of
recognizes
marketing, received a silver medal from the Journal of International
Alumnae Gabrielle Clay, Nesmira.................... 8 Business Studies. The award honors her contributions to the journal in
Muratovic among Business Journal’s its first 50 years of circulation. (Photo by August Jennewein)
30 under 30 honorees
IB AROUND THE WORLD
International MBA program with................... 10
Professor Janet
Nanjing University lauded as one of
China’s leading dual MBA programs
College of Business Administration .............. 11
Y. Murray for
signs dual degree agreement
with South Korean university
UMSL Accelerate partners with ................... 12
substantial disciplines, receives more than 700 submissions each year from
top researchers around the globe. Only 5 percent of papers are
accepted annually. Murray has achieved the rare feat of publishing
with Business for Israel study abroad
IB HIGHLIGHTS
research multiple papers in the journal – six to date.
On March 21, JIBS released its list of honorees, which included
contributions
U.S. News ranks international business....... 13 platinum, gold and silver medalists. Silver medal recipients must
program in top 25 for 17th straight year have at least five substantial contributions to JIBS.
The IMBAi Global Master’s School............... 14 Murray and the other honorees will formally receive their medals
opened my eyes to a new way of BY SARA BELL
doing business in June at the AIB 2019 Annual Meeting in Copenhagen, Denmark.
Dr. Gerald Gao appointed Director................ 16 In addition to her written work, Murray has contributed to JIBS
of International Business Institute and AIB in a variety of ways. She served as a JIBS Editorial
Review Board member for eight years, guest editor, track chair
IB MINDS for the AIB Annual Meeting, presenter, panelist and panel chair.
IB Faculty Accomplishments.......................... 18
She also served as president of the Women in the Academy of
IB Scholarships................................................. 19 International Business.
Janet Y. Murray recently had the difficult task of parting award winner. She has received 10 best paper and Murray’s research interests include global sourcing and
research awards, two of which were for sole-authored
with a small fraction of her literary collection. From the papers, and was ranked 26th among 2,495 international
international marketing strategies, learning and knowledge
transfer, and competitive strategy in transitional economies.
floor-to-ceiling shelves located in her University of business scholars worldwide in a 2008 study.
Missouri–St. Louis office, she pulled and then shipped more In addition to her six papers published in JIBS, Murray’s research
Most recently, she’s been recognized for her lifetime has also appeared in the top journals in the world for marketing,
than 300 books and journals to researchers in Ghana. research contributions – this time with a silver medal management and strategic management.
For an avid reader who begins and ends her day with reading materials in from the Journal of International Business Studies (JIBS).
The award acknowledges work published in the top- She currently serves as an editorial review board member of six
hand, Murray understandably had a tough time releasing a portion of the journals and has reviewed hundreds of papers over the years.
collection, even as a donation. But for one of the world’s top international ranked international business journal during its first 50
years of circulation. Her research has benefited from the time-consuming process of
business researchers, her printed pieces took on additional meanings as evaluating the strengths and weaknesses of papers and providing
sources of inspiration and keys to her success. “The award came as a pleasant surprise, as it is a great developmental guidance to help authors improve their studies.
“Successfully engaging with this fundamental reading and learning honor to receive such a prestigious recognition,” Murray
“Even though I have been out of school for many years, I’m still
component, complemented by a high level of motivation, intellectual curiosity, said. “I am humbled by being recognized among the best
learning,” she said. “Being able to review really good work and
critical thinking and the ability to work independently is a crucial link to international business researchers in the world, some of
having to find problems in the work has given me a different
conducting high-quality research,” she said. whom I have looked up to and read their papers when I
perspective of what research is about. As a reviewer, it is very
was a doctoral student.”
Thanks, in part, to time invested in reading and reviewing scholarly works, the difficult to criticize top researchers’ work. Learning how to be
E. Desmond Lee Professor for Developing Women Leaders and Entrepreneurs JIBS, which is published by the Academy of International critical of the research conducted by others has helped me to be
in International Business and professor of marketing has been a frequent Business (AIB) and welcomes research from all business critical of my own work.”
4 International Business Institute 5
Alexis Bates, a senior majoring in liberal studies, has
traveled across the globe on four study abroad trips.
She’s planning a fifth trip as an alumna. (Photo by
August Jennewein)
IB ON CAMPUS
Bates was the only student to take part in every Naturally, she couldn’t turn it down and started Lessons learned
optional activity offered on the trip. To Trapani, it packing her bags for a third time.
The most valuable lesson study abroad
was heartening to see a student so determined to “Alexis is a wonderfully engaging student with teaches students is that there are some things
Alexis Bates
experience everything. a passion for international topics,” Costello said. you can’t learn in a classroom.
“One of my favorite moments with her was one “She found our business visits interesting as she
UMSL Global offers about 20 faculty-led
little optional trip where we walk to Germany,” explored different industries from Shell’s global
explores globe
short-term programs, as well as semester-
Trapani said. “I have a picture of her in her UMSL research to Bayer’s protected agriculture to
long programs, on six continents and provides
T-shirt with one foot in France and one foot in Boeing’s development of alternative fuels.”
a number of scholarships to make studying
Germany. To me, it was just a powerful moment.”
while pursuing
In fact, that passion has helped her earn an abroad financially accessible.
Belgium, the Netherlands international business certificate.
Trapani believes taking students out of their
and beyond Asian adventure element is one of the most impactful aspects
UMSL degree After the ordeal getting to France, Bates was
confident she could study abroad again. She just
Bates took part in her fourth study abroad program of studying abroad. It was true of Bates. Being
this summer, traveling to China. The business forced to learn and navigate the norms of the
didn’t think it would happen so soon. program takes students to Beijing, Hangzhou, other countries taught her valuable lessons in
BY BURK KROHE
Nanjing, Suzhou and Shanghai. mutual respect and empathy.
On a whim, Bates – at this point a sophomore
– applied to a business study abroad program While the European destinations – and even “I definitely learned to be humble about
Dubai – felt somewhat being in others’ presence and learning how
familiar, China was to respect their culture, even though mine is
the greatest source different,” she said, admitting it wasn’t easy at
Before the summer of 2017, Alexis Bates had never boarded a plane of culture shock.
Everything from the
first. “It was hard for me because I hadn’t been
many places outside of my own hometown.”
Now, she can’t stop booking tickets to crisscross the globe. cuisine to maneuvering
pedestrian spaces
Traveling made Bates grateful for the
freedoms and opportunities afforded to her
In just two years, Bates, a senior majoring in liberal she doesn’t recall all of the details leading up to It offered momentary relief before a turbulent first to paying for goods back home, as well. She hopes to take these
studies, has become a seasoned international the trip, there is one thing she sensed clearly at day in Paris. and services was lessons into her future career as a school
traveler thanks to her participation in four University the time. slightly more difficult. counselor – a profession she was drawn to by
of Missouri–St. Louis study abroad programs. Bonjour, France! It compelled Bates to her desire to help others.
“I think she wanted to go abroad and see
Bates landed in the French capital the day before make a greater effort
Between the summers of 2017 and 2019, she something outside of her view in St. Louis,” Alexis Bates stands on the Pont de l’Europe bridge. Currently, Bates is helping friends and family
the program officially started. Luckily, another The international border between France and to get outside of her
has journeyed to Belgium, China, France, the Trapani said. interested in seeing the world, something they
student on the trip also arrived a day early, and they Germany runs down the middle of the Rhine River. comfort zone, especially
Netherlands and the United Arab Emirates. You Bates applied – albeit a little reluctantly – and to were able navigate the City of Light together. (Photo courtesy of Sandra Trapani) weren’t much interested in before her trips.
when it came to food.
would never know it looking at her passport full her surprise, she was accepted. “I’ve inspired my family to get passports,”
of stamps, but there was a time when studying Getting around was fairly easy, as many “In China, I tried
“Even when I got accepted, I was like ‘No, I’m Bates said. “Even my little sister has been to
abroad – traveling in general – seemed out of reach Parisians have at least a limited grasp of English. Alexis Bates looks to the everything,” Bates said.
not going to go,’ because no one in my family two countries already. She went to Costa Rica
to Bates. However, Bates was eager to immerse herself in Abu Dhabi skyline. (Photo “I was trying frog and
had a passport,” Bates said. “I couldn’t get help courtesy of Alexis Bates) last year and Ghana this year.”
the new country. squid and things I knew
To study abroad or not to from someone like that. It was me doing things I wouldn’t have tried She is proud of the impact she’s had on her
“I did kind of force myself to speak French, and
study abroad on my own.”
it just started everything off at a great point,”
back at home.” sister, who is in high school. Her sister was
able to travel to Costa Rica on a class trip and
Many schools featured study abroad programs Preflight checklist Bates said. in Belgium and the Netherlands after taking an Of all the places she’s been, Strasbourg still holds
to Ghana via a scholarship. Having a little
prominently when Bates was vetting colleges. Still, To fund the trip, Bates applied for, and received, the interest in the international institutions she saw a special place. Bates remains in contact with the
That is, until the two students found themselves guidance from her big sister didn’t hurt, either.
they didn’t seem particularly accessible. Bob Baumann Prize for International Studies. The in France. Once again, she was accepted. Once international students she met at the language
in a French ambulance. Bates’ companion had a
scholarship provided $2,000 for her travels. That again, she was shocked. school, and she still thinks of the picturesque “We really didn’t have much as kids,” she
“I thought it was something only a few people minor medical incident, requiring examination at a
turned out to be the easy part. scenery regularly. said. “Having this opportunity itself, being a
would do,” she said. “I didn’t think it was a big local hospital. Facing a difficult situation, Bates took The short-term trip was scheduled for winter break
young teen from north St. Louis going out of
thing. I just didn’t think I would have the opportunity The process of applying for a passport was fraught, control and communicated with the first responders. 2018, only about six months removed from her last “It was very beautiful,” she said. “It just reminded
the country, it’s pretty much unheard of.”
to do it.” requiring a mountain of paperwork and numerous international trip. It would cement her wanderlust. me of what I want to wake up to every day –
“They didn’t really speak English, and she couldn’t
phone calls. Bates threw herself into the process, water and flowers.” Bates encourages anyone on the fence about
Bates thought, maybe, she would do one study really speak,” she said. “It was at that point “I think that’s when I realized I had a passion
and Trapani helped her as much as possible, but it traveling or studying abroad to make the leap.
abroad program by the time she was set to where I knew I had to step up. I felt very powerful for travel,” she said. “I was going to take every There’s still plenty of world to see, though. Bates
graduate from UMSL. Little did she know an almost wasn’t enough. at that moment.” opportunity I could – whether it would be on my said her goal is to visit a new country every two “I’ve learned that opening up and just saying,
opportunity would present itself much sooner. Officials called shortly before the trip; there was a own or in school.” years. Right now, Greece and Australia are her two ‘Yes,’ sometimes isn’t the worst thing in the
It was certainly a memorable introduction to France, world,” Bates said. “I always say, ‘Don’t limit
problem with the passport photo. bucket-list countries, but they’ll have to wait until
Toward the end of Bates’ freshman year, Sandra but it’s not what Bates – or Trapani for that matter – Michael Costello, associate teaching professor in
she gets back from her latest destination. yourself, but know your limit.’”
Trapani, her French professor, told her about a “It was so frustrating,” Bates said, recalling the remember most. the College of Business Administration, directed
summer study abroad program in Strasbourg, situation. “I wanted to cry every single day.” that trip, and he informed Bates of another he was At the behest of a friend, she plans to study For now, it seems there are no limits for Bates.
For Bates, it was taking French classes and
France. Trapani directs the three-week program, directing. It was a business study abroad program abroad in Japan next summer as an alumna – not “I think I can handle anything in the world.”
With her dream of traveling abroad in jeopardy, the chance to interact with other international
which involves language classes and excursions to in Dubai and Abu Dhabi during winter break 2019. that her friend had to twist her arm.
Bates persevered and worked to remedy the students at Institut Stralang, a language school,
learn about the history and culture of the city.
situation. Her passport appeared the day before in Strasbourg. Trapani recalled her eagerness to
She encouraged Bates to apply for it. Although the flight to France. explore the area during excursions.
6 International Business Institute 7
IB ON CAMPUS
Alumnae Gabrielle Clay, UMSL graduates Gabrielle
Clay (at left) and Nesmira
Nesmira Muratovic Muratovic were among this
year’s St. Louis Business
Journal 30 under 30 honorees.
among Business Journal’s Clay is a senior project
accountant at HOK. Muratovic
is a retail risk & supervision
30 under 30 honorees oversight manager at TD
Ameritrade. (Photo by August
Jennewein)
BY STEVE WALENTIK
Nesmira Muratovic has enjoyed the attention that’s come her
way the past month since the St. Louis Business Journal first
unveiled its 2019 list of 30 under 30 honorees.
Muratovic, a 2013 graduate of the University of Missouri–St. Louis College of
Business Administration, was still getting over the surprise of finding out she was
“I just thought it was always a great school,” Clay said.
being nominated when the list was announced with her on it, along with 2012 “My sister-in-law graduated from UMSL as well, and
UMSL graduate Gabrielle Clay on June 6. she’s a pediatrician now. She gave me a really good
“It’s been really cool,” said Muratovic, now a retail risk & supervision oversight
manager at TD Ameritrade. “At first it was a little strange because it made me
recommendation before I started the school. ”
realize that I guess I’m old enough to work in this industry, in finance.”
and worked her way up in the compliance job, I knew that I loved accounting and that helped set her up for success.
As meaningful as the honor and all that comes with it – a photo shoot, Q&A
department. When TD Ameritrade purchased was the route I wanted to take. That was “I just thought it was always a great school,”
in the Business Journal and award reception on July 11, 2019 at the Stiefel
Scottrade, Muratovic, after initially looking how it got started.” Clay said. “My sister-in-law graduated from
Theatre in downtown St. Louis – has been for Muratovic, it might be even more
elsewhere, decided to transition along with She spent a year and a half at a public UMSL as well, and she’s a pediatrician now.
meaningful for her parents.
many of her familiar colleagues. accounting firm, Davis Associates in She gave me a really good recommendation
They fled Bosnia more than two decades ago with
“It’s different because Scottrade was a Florissant, Missouri. Then she moved before I started the school. She loved it while
Muratovic and her two siblings amid ethnic violence and
private company,” Muratovic said. “It was to Cushman & Wakefield, working as a she was there and so did I.
restarted their lives almost from scratch in St. Louis.
“My family moved a lot smaller, and TD Ameritrade is publicly corporate accountant in the commercial real “I still think it was a great choice. I had
“My family moved here with absolutely nothing,” traded and three to four times the size in estate company’s St. Louis office.
Muratovic said. “They left everything they knew and here with absolutely clients and in assets. The decisions are
really good teachers that wanted to see you
After another year and a half, she succeed, and I used a lot of their office hours.”
literally came here with a backpack and no money. nothing,” Muratovic different, but TD Ameritrade kept a lot of transitioned again to HOK, the worldwide
It shows them that it was worth it – that the last Scottrade people in two offices here, so the Her nomination for 30 under 30 was
20-whatever years, the struggles that they went through, said. “They left culture is still there.”
design, architecture, engineering and urban unexpected, and she’s been a little
planning firm, and now works as a senior
the multiple jobs they worked, all the stuff that they did everything they Clay, who grew up in Creve Coeur, project accountant.
overwhelmed by all the emails, cards,
to survive paid off. They were both very emotional and flowers and even gift cards she’s received
very happy.” knew and literally Missouri, has experienced her own career “I think the best part of my job is that, over the past month, including the reception
shifts since she finished her degree in
Because her family had spent so much time in survival came here with a mathematics at UMSL.
especially in St. Louis, I get to see projects on July 11.
from start to finish, and I get to drive by
mode, Muratovic hadn’t always gotten to fully enjoy backpack and no Her original plan had been to get into them as they are being built,” Clay said. “It’s
“I wasn’t expecting all of the attention,”
Clay said, “but I’m grateful.”
all her previous accomplishments – graduating from
Bayless High School, attending college or landing her money. It shows actuarial science – something the university wonderful to think, ‘Oh, I’ve been working on
at the time did not yet have a degree that project for the last year or two years or
first finance job at Scottrade. them that it was program in – but Clay felt a pull instead three years.’ Just being a part of something
Muratovic got in the door there before she even finished worth it... all the toward accounting after taking courses as in your hometown, that’s one of the best
her BSBA with an internship while a student in the an undergraduate. things I like about my job.”
Pierre Laclede Honors College. stuff that they did to “I always loved numbers,” Clay said. “After Like Muratovic, Clay is grateful for the
She began working at Scottrade after earning her degree survive paid off.” a few months of starting my first accounting education she received at UMSL, which
8 International Business Institute 9
International The University of Missouri–St. Louis’ This combination of domestic and
IB AROUND THE WORLD
International MBA program provides international coursework and the internship
MBA program
immersive training in international business prepare both UMSL and NJU students for
to students from around the globe with careers in many fields.
partner institutions in six countries.
with Nanjing MBA China and Manager Magazine recently
Students improve their international
mindset and technical and managerial skills.
College of Business Administration
University recognized the partnership between
UMSL’s College of Business Administration
The knowledge they gain while pursuing
their degree leaves them well suited to
signs dual degree agreement with
lauded as one
and Nanjing University among the top 10 compete and succeed in an increasingly
Best Chinese-Foreign Cooperative MBA
Programs. The UMSL-Nanjing program
complex global market.
South Korean university
of China’s ranked fifth on the list.
UMSL has also partnered with universities
in Taiwan and South Korea to offer the
BY SARA BELL
leading dual “To be ranked as one of the top five dual
degree programs is a significant honor,” said
International MBA, giving students
options to study how business operates
MBA programs
Joseph Rottman, the associate dean for around the world.
graduate and international programs. “The More than 150 American and Chinese
China MBA market is incredibly competitive students have been transformed by the
BY STEVE WALENTIK and this ranking shows the high quality of innovative program between UMSL and
our IMBA program and how impactful our Nanjing over the past 15 years.
partnership with Nanjing University has
been for both institutions.” MBA China is the largest MBA web Administrators from
portal in China. It offers comprehensive UMSL and Chonnam
The recognition bolsters the College of information on how to prepare for MBA
National University
celebrate the signing of
Business Administration’s already strong national exam and develop interview skills, a dual degree agreement
reputation in international business. U.S. and it provides business school rankings and March 26 in Gwangju,
News & World Report has ranked UMSL’s career guidance.
South Korea. Associate
Dean of Graduate and
undergraduate international business International Programs
program among the top 25 in the United Manager Magazine is an upscale business Joe Rottman (second
States for 17 consecutive years. journal, which provides business solutions from left) and Associate
and strategies to Chinese CEOs. Dean Emeritus and
Students in the International MBA program Professor of Finance
spend one year abroad, one year at home Tom Eyssell (at right)
UMSL faculty and staff with International traveled to South Korea
MBA students from Nanjing University and complete an international internship en to sign the agreement
and National Kaohsiung First University of route to earning their degrees. and meet with Associate The University of Missouri–St. Louis has CNU is also accredited by the Association to
Science and Technology. Dean of Chonnam
National University
established a partnership in Gwangju, South Advance Collegiate Schools of Business and
Graduate School of Korea, thanks to a new dual degree agreement delivers its international MBA courses in English.
Business Eun Hee with Chonnam National University. Rottman notes that CNU business faculty
Kim (at left) and Dean
Hyun-Chae Park. (Photo After a 2019 memorandum of understanding members have impressive research records and
courtesy of Chonnam signed March 26, MBA students from UMSL and that there is a movement among South Korean
National University)
CNU can spend one academic year at the sister universities to internationalize curriculum.
institution while becoming degree holders from CNU students will receive a similar experience
both universities. at UMSL by learning from renowned professors
Administrators anticipate that the student and gaining a global perspective.
exchange can begin as early as fall 2020. “When our South Korean students have a
“This is a way to internationalize our job interview, they will have a certification
curriculum because the South Korean students that is significantly more advanced than their
will bring different perspectives, different counterparts,” Rottman said. “The graduates
business models, a different culture,” said who want to work for global companies are
Joe Rottman, associate dean of graduate and going to have a Western business perspective
international programs. “They will enrich our and have exposure to a Western management
MBA classrooms, and the agreement presents style. They will be far more marketable.”
an opportunity for UMSL students to earn an The College of Business Administration is
international MBA.” working to develop additional dual degree
UMSL will charge in-state tuition to CNU partnerships across Europe.
students, and CNU will offer domestic tuition to
UMSL students.
10 International Business Institute 11
IB HIGHLIGHTS
U.S. News ranks chains, labor shortages and security risks. Our curriculum
international addresses those concerns.”
He said UMSL’s international business advisory board is
business program currently in the middle of a top-to-bottom review of all
areas – including accounting, marketing, finance, supply
in top 25 for chain and analytics, management and information systems
– to ensure that there is a global thread running through the
17th straight year curriculum.
Over the past 17 years, UMSL has awarded more than 1,000
BY STEVE WALENTIK international business degrees and has sponsored more
than 500 study abroad trips. UMSL faculty also have ranked
eighth in North America in research contributions to the
The University of Missouri–St. Louis has built one of the
Journal of International Business Studies since 2010.
premier international business programs in the country.
That fact was affirmed again September 9, 2019 with UMSL top school in St. Louis region for
the release of the annual U.S. News & World Report social mobility
“Best Colleges” rankings, which placed UMSL No. 21
for undergraduate international business, marking 17 UMSL also received high marks in U.S. News’ first-ever list
consecutive years in the top 25. of Top Performers on Social Mobility with the top ranking
UMSL Accelerate partners with “I think to get this kind of sustained national recognition, in the St. Louis region. It was one of only two schools in
Missouri to rank in the top 100.
Business for Israel study abroad
you first have to have a really good program, and I think our
BY MEGHAN DAIRAGHI study abroad, our international partnerships, our curriculum The new ranking highlights how well universities have
and our faculty are all world class,” said Joe Rottman, the graduated students who receive federal Pell Grants and fits
Dan Lauer, founding executive with the necessarily skills to succeed in their One of UMSL Accelerate’s goals is to be associate dean for graduate and international programs in well with UMSL’s mission to transform lives. Students who
ventures, even if they never start a business. the number one choice for entrepreneurship the College of Business Administration. receive Pell Grants typically come from households whose
director of UMSL Accelerate, study in the country. That can only happen family incomes are less than $50,000 annually, though
“It’s about arming students to move them He noted that UMSL also maintains high visibility as
emphasizes the importance of if they experience global markets and utilize the secretariat for the Consortium for Undergraduate most Pell Grant money goes to students with a total family
further faster,” Lauer says. “Students may not
getting out of the classroom and into new strategies. Israel, considered the startup International Business Education, an entity connecting income below $20,000.
even start a business, but they will learn skills
the world, so it makes sense that a around pitching and design thinking. It’s about nation, is a great place to do so. about 40 schools with international business programs. The rankings were computed after factoring the Pell Grant
learning how practical ideas work. College is “We want to show students a dozen graduation rate and Pell Grant graduation rate performance,
study abroad trip was in order. The College of Business Administration has made
which compares graduation rates among Pell- and non-Pell
the best place to tease out new ideas.” different companies and management styles international business a focus since launching an
In June 2020, UMSL Accelerate will partner and structures, so students can infiltrate students for each university.
Through Accelerate, students have the undergraduate international business program in 1999 and
with Michael Costello, associate teaching other companies successfully and see the
opportunity to intern in the St. Louis Cortex the International Business Institute a year later. Gerald Gao Overall, UMSL remained in the top tier of the U.S. News
professor of business and international opportunities available for them,” Costello says.
district. This district is a concentrated area recently took over as the institute’s director. rankings and was tied for 140th among all public universities.
business, in sponsoring a study abroad trip
to Israel. What started as an international off of Kingshighway and I-40 where students Another goal is for students to gain fresh “It would be hard to imagine any area of business that isn’t The university also ranked No. 75 on the list of best
business trip will now also focus on can rent office spaces, network with like- perspective of international business ventures. global,” Rottman said. “Our students need to understand undergraduate engineering programs among schools where
entrepreneurial aspects. However, all students, minded entrepreneurs, and gain real-world By seeing others who share similar goals, the global forces that are affecting international supply a doctorate is not offered.
not just business students, are invited to attend. experience. Students intern for Ameren- students can see they are not alone. They, too,
The trip will take place June 5 –19, 2020. sponsored startups there and earn a stipend possess the capabilities to be successful.
alongside practical application. “Most students are talented, but they lack the
Since its foundation in 2016, UMSL Accelerate
has produced innovative leaders with an However, exploring the entrepreneurial self-confidence, so they undersell themselves,”
entrepreneurial mindset ready to take on market outside St. Louis is essential for Costello says. “The most important thing about
the world of business. Accelerate focuses business students. this trip is to give them confidence and help
on teaching students how to effectively turn “Even if you don’t want to go into international them get inspired.”
their startups and other business goals into business, you can’t help but consider it,” Lauer agrees. Steve Moehrle, professor
and chair of the Department
real, attainable results. After fulfilling the Costello says. “You’re going to be involved in “We want UMSL students to know that they of Accounting, received the
coursework and internship requirements, the global economy. It’s important for students 2019 AICPA Distinguished
are just as smart as any other student. We all
students earn an Interdisciplinary to understand how to make an effort in Achievement in Accounting
have it in us. We just have to believe it.” Education Award. (Photo by
Entrepreneurial Certificate. As of 2019, showing they care about other cultures.” August Jennewein)
students can also choose to earn a BSBA with The aim of the trip is to excite students about
emphasis in entrepreneurship. the possibilities of their future businesses
Lauer is passionate about providing students while experiencing international practices.
12 International Business Institute 13
IB HIGHLIGHTS
The IMBAi Global
Master’s School opened proved to be difficult but also rewarding, as we worked closely in
international teams and learned a lot from our peers. It was truly a
products. During this program, we had many speakers come to
our class and give presentations on their companies and how
my eyes to a new way of once-in-a-lifetime experience to have hands-on involvement with
a corporation in St. Louis and to have a classroom comprised of
they face the market. In Germany, our unique cultural experiences
included going for a long hike in the Spessart Forest. We saw
doing business nine different nationalities. Observing how companies operate in a
collaborative space to ensure the product and mission are fulfilled
the Rapunzel Castle and had a team building activity. During
our hike, we were invited to a dinner with the vice president
gave me a practical knowledge that went beyond the classroom. of the university. The restaurant offered traditional Christmas
time dishes and drinks. Another part of the trip included a short
I have been lucky enough to experience the IMBAi The second program I attended was in Seinäjoki, Finland. In
day trip to Frankfurt where we met with the European Central
Finland, we worked with a company called Prima Power. Prima
program on both sides of the Atlantic. In my first Power works in the business-to-business market. For me, this Bank and discussed the difference between that and the Federal
Reserve in the United States.
semester in the graduate business program, another was an entirely new market. Our schedule focused more on
the social activities and experiencing Finnish culture. We had The tri-lateral program opened my eyes to many cultures and
student mentioned the tri-lateral program with German a nature-based trip, where we rode in a bus out of the city and unique experiences that you cannot get sitting in a classroom
and Finnish students. The program takes place in were dropped off at a national park. We also had a traditional for a semester. It posed many challenges that were rewarding
St. Louis, Seinäjoki, Finland and Aschaffenburg, Finnish evening at an old house in the city where we had a chef and helped the students learn what it will be like to work in the
come and make us a traditional Finnish meal. business world in Europe and the United States. These courses
Germany. From the beginning, I was motivated to be have offered me real-world knowledge of networking with
The final program to complete the tri-lateral program was in
in the program at all three locations. Aschaffenburg, Germany. In Aschaffenburg, our program was companies around the globe and the expertise of professors from
different than in the previous two locations. Instead of working great institutions.
The first program I attended was in St. Louis. The company we worked with
was the St. Louis Economic Development Partnership, which is an umbrella with a company, we had a business simulation challenge with
company for many different organizations. The week was packed with our class divided in five teams. During the simulation we dealt
meetings and getting to know the company we were working with. We with real business obstacles and had to decide how to bring
also had some social activities for team building throughout the week. It our products to the market and compete with our classmates’
ST. LOUIS // SEINÄJOKI, FINLAND // ASCHAFFENBURG, GERMANY
BY TIFFANY SEIPEL
MBA student
14 International Business Institute 15
“In the future, I hope we
will secure more resources
with the help of the
university, UMSL Global
IMBAi Program
and the board members INTERNATIONAL MASTERS OF BUSINESS
to facilitate those kind of ADMINISTRATION (INTENSIVE)
trips [short-term travel],”
Gao says. “The margin of
impact on the student’s
future is significant
through study abroad.”
SEINÄJOKI, FINLAND
Students pursuing an MBA degree at Seinäjoki University of Applied Sciences
the University of Missouri–St. Louis May 17–24, 2020
have the option to experience and see Global Master School
business through a global lens.
Dr. Gerald Gao appointed Director of • Take two-week courses in Germany, Finland, or both,
and apply it toward your UMSL degree
International Business Institute BY MEGHAN DAIRAGHI
• Intensive instruction provided by international faculty
• Students participate in corporate visits, networking
ST. LOUIS
Gerald Gao started as an assistant professor However, he recognizes that UMSL’s student of the international business experience. “In the
at UMSL in 2006. Today he is a professor population differs from other universities. “Sixty future, I hope we will secure more resources with opportunities and cultural activities University of Missouri–St. Louis
of marketing in the College of Business percent of our students are first-generation the help of the university, UMSL Global and the
November 2020
Administration. With a PhD in marketing from college students and don’t come from wealthy board members to facilitate those kind of trips,” • Evenings and weekends are open for a variety of
the University of Hong Kong and a series of top- families.” Gao says. Gao says. “The margin of impact on the student’s cultural excursions, tours and social activities offered Focus on Global Marketing Strategies
tier publications in international business and Often students need financial aid to partake in future is significant through study abroad.”
marketing journals, he is regarded as a highly by the host university
these trips. In order to meet student’s financial In addition to study abroad, Gao is supportive of
accomplished academic professional. Now he needs as director, Gao encourages the creation of UMSL’s IMBA program and sponsoring activities
can add one more line to his already impressive multiple scholarships and stipends for students. that provide students with real-world business The IMBAi is an excellent addition to the College of
resume: Director of the International Business Gao knows it is essential to create linkage experience. The case competition, which UMSL Business Administration IB offerings and helps to fortify
Institute (IBI). between UMSL, global business communities, competes in annually, is a great example of the
and the IB Advisory Board in order to expand
UMSL’s strong international partnerships, including
Gao was appointed director in August 2019. He projects Gao loves. Students have just 48 hours
is preceded by Dr. Joseph Rottman. In this role, the program’s international business knowledge to read, assess and create a practical solution to those in the MBA program.
Gao wants to make the international business and afford students the opportunity to fully a real international business problem provided
program as accessible to students as possible. experience this program. by various companies with locations in St. Louis. ASCHAFFENBURG, GERMANY
As director, Gao will be responsible for Gao understands that students may also have IBI’s fellowship programs enable the leveraging CONTACT
providing students a high-quality international family commitments, full time jobs and other of world-class international business research University of Applied Science
business program with meaningful obligations that can make study abroad and generated by UMSL faculty. Dr. Gerald Yong Gao Aschaffenburg
opportunities. He feels passionately about other opportunities difficult. This is why he International Business Institute Director May 2021
study abroad programs that allow students to works to design week-long and other short-term gaogy@umsl.edu
see firsthand the diversity they will encounter programs to make traveling abroad easier. He Doing Business in Europe and Beyond
in their international business pursuits. believes seeing the world is an important part
16
FACULTY
IB MINDS
ACCOMPLISHMENTS SCHOLARSHIPS
BINDU ARYA HUNG-GAY FUNG Usui, T, M Kotabe, and JY Murray CHIKAKO USUI
Association Professor of Strategic Dr. Y.S. Tsiang professor of Chinese Stud- (2017). “A Dynamic Process of Building Associate Professor of Sociology Name of Scholarship Requirements Value*
Management ies and Curators’ Professor of Finance Global Supply Chain Competence by New Significant Publications
Significant Publications Significant Publications Ventures: The Case of Uniqlo”, Journal of Usui, C (2018). “Gender Equality in
Robert B. Vining Jr. • Minimum GPA of 2.5 Up to $3,500
Sahasranamam, S, B Arya, and M Wang, LH, CH Lin, HG Fung, and TC Kao International Marketing, 25(3), 1-20. (Best the Japanese Workplace: What has Memorial Scholarship • IB Major or Minor Renewable
Sud (2020). “Ownership Structure and (2019). “Foreign Direct Investment and Paper Award, the Japan Academy of Changed since 1985?” In M Najafizadeh
Corporate Social Responsibility in an Downside Risk: Evidence from Taiwan”, Multinational Enterprises) and LL Lindsey (eds.) Women of Asia:
• Must use scholarship for study abroad to meet Multiple scholarships
Emerging Market”, Asia Pacific Journal Pacific-Basin Finance Journal, 57, Awards Globalization, Development, and Gender International Experience requirement available each year
of Management, forthcoming. 101-114. Journal of International Business Studies Equity. New York: Routledge. • Active member of the IB Club or IB Honor Society
Arya, B, D Mirchandani, and MM Harris Gros, JG and HG Fung (2019). “Theorizing (JIBS) 50 Years (1970-2019) Silver Medal Usui, C and RA Colignon (2017). “Lessons
(2019). “Personality and Pay Satisfaction: Sino-African Relations: a Constructivist for Exceptional Contributions to the in Japanese Leadership: If the Bird does
Exploring the Influence of Organizational Perspective”, Journal of International Journal, 2019 not Sing”.
Justice and Gender in South Africa”,
David P. Gustafson • Enrolled in the CoBA $500
Relations and Foreign Policy, 7(1), 39-54. EKIN PELLEGRINI
International Journal of Human Resource GAIYAN ZHANG Memorial Scholarship • Must use scholarship for study abroad to meet Non-Renewable
Chan, KC, A Fung, HG Fung, and J Yau Associate Professor of Global Leadership Finance Board Scholar and Professor
Management, 30(2), 219-250. (2018). “A Conceptual Framework for and Management for Overseas Studies International Experience requirement
of Finance
Horak, S, B Arya, and K Ismail (2018). “Or- Teaching International Business”, Jour- IB Activities
ganizational Sustainability Determinants nal of Teaching in International Business, Significant Publications
Appointed Board Member, Executive Zhang, W, Y Zhang, G Zhang, K Han, and
in Different Cultural Settings: A conceptu- 29(1), 4-19. DBA Council (EDBAC), 2019 Messrs. Pang Yulam & • Enrolled as an undergraduate in the CoBA and $1,500
al Framework”, Business Strategy and L Chen (2020). “The Dynamic Industry
the Environment, 27(4), 528-546. GERALD YONG GAO Pellegrini, EK. (2019). Doctor of Business Return Predictability: Evidence from Chi- Pang Kiyan Memorial majoring in IB
Professor of Marketing Administration (DBA) & Chess Connec- nese Stock Markets”, Emerging Markets Scholarship • Junior or senior
JAMES F. CAMPBELL Significant Publications tion, Saint Louis Chess Club, 29 March Trade and Finance, forthcoming.
Professor of Supply Chain & Analytics Ju, M, JY Murray, GY Gao, and M Kotabe 2019 live interview broadcast during U.S. Hasan, I, G Ramirez, and G Zhang (2019). • Minimum GPA of 3.1
Significant Publications (2019). “Concurrent Sourcing Strategy of Chess Championships. “Lock-In Effects in Relationship Lending:
Yang, L, H Li, JF Campbell (2019). “Im- Multinational Firms in China: Drivers and Pellegrini, EK. (2019). The UMSL DBA: Evidence from DIP Loans”, Journal
proving Order Fulfillment Performance Performance Implications”, Journal of Learning without Limits (A. Skinner, of Money, Credit and Banking, 51(4), International Business • Full-time student $2,000
through Integrated Inventory Manage- World Business, 54(6), 101015. Interviewer). CEO Magazine, Vol. 30, 1021-1043.
Zhang, Y, G Zhang, L Liu, TD Renzis, and H Scholarship • IB Major Renewable
ment in a Multi-Item Finished Goods Gao, GY, DT Wang, and Y Che (2018). “Im- pp. 26-29.
System”, Journal of Business Logistics, Schmiedel (2019). “Retail Payments and • Must demonstrate need as determined by the
pact of Historical Conflict on FDI Location Pellegrini, EK. (2019). Paternalistic
forthcoming. the Real Economy”, Journal of Financial
and Performance: Japanese Investment Leadership. In Oxford Bibliographies in
Stability, 44, 100690. FAFSA
Ellegood, W, S Solomon, J North, and JF in China”, Journal of International Busi- Management. Ed. Ricky Griffin. New York:
Campbell (2019). “School Bus Routing ness Studies, 49(8), 1060-1080. Oxford University Press. Awards
Problem: Contemporary Trends and Chancellor’s Award for Excellence of
Zhou, KZ, GY Gao, and H Zhao (2017). JOSEPH W. ROTTMAN Research and Creativity, University of International Business • Minimum GPA of 3.0 $2,000
Research Directions”, Omega: The “State Ownership and Firm Innovation in
International Journal of Management Professor of Information Systems, Asso- Missouri-St. Louis, 2018 Advisory Board Scholarship • IB Major or International MBA student Non-Renewable
China: An Integrated View of Institutional ciate Dean of Graduate and International
Science, forthcoming. Research Excellence Award, Pacif-
and Efficiency Logics”, Administrative Programs ic-Basin Finance Journal, New Zealand • Must use scholarship for study abroad to meet Multiple scholarships
Otto, A, N Agatz, JF Campbell, B Golden, Science Quarterly, 62(2), 375-404.
IB Activities Finance Meeting, 2019 International Experience requirement available each year
and E Pesch (2018). “Optimization Awards “Engaged Scholarship”, Modern College
Approaches for Civil Applications of Douglas E. Durand Award for Research of Business and Science, Muscat, Oman, GEORGE A. ZSIDISIN
Unmanned Aerial Vehicles (UAVs) or Excellence, 2017 John W. Barriger III Professor of Supply
2017.
Aerial Drones: A survey”, Networks, Chain Risk and Resilience International Business • Minimum GPA of 3.2 $500
72(4), 411-458. STEVE MOEHRLE “Project and Team-Based Service
Professor of Accounting Learning”, Modern College of Business
Significant Publications Fellows Scholarship • IB Major Non-Renewable
MICHAEL J. COSTELLO Saunders, LW, WL Tate, GA Zsidisin, and
and Science, Muscat, Oman, 2017.
Associate Teaching Professor of Finance
Significant Publications J Miemczyk (2019). “The Influence of • Must use scholarship for study abroad to meet
Moehrle, S, M Meckfessel, J Reyn- “Increasing Student Engagement through Network Exchange Brokers on the Triple
and Legal Studies Student Activities”, Consortium for
International Experience requirement
olds-Moehrle, P Stuerke, and J Wen Bottom Line of Sustainable Organization-
IB Activities (2018). “Developments in Accounting Undergraduate Business Education, St. al Networks”, Journal of Business Ethics,
IBI FELLOWS
Organized and led Study Abroad to Israel; Regulation: A Synthesis and Annotated Louis MO, 2017. 154(3), 849-868.
Taught Comparative Law course for pre- Bibliography of Evidence and Commen- International Business Studies • Missouri resident $1,500
law students at Oxford;
L. DOUGLAS SMITH Caniato, F, M Henke, and GA Zsidisin
Matching Scholarship
tary in the 2017 Academic Literature”,
Founders Professor of Supply Chain & (2019). “Supply Chain Finance: Historical • Demonstrate need as determined by FAFSA
Served as the moderator at SLU School Research in Accounting Regulation, Analytics Foundations, Current Research, Future
of Medicine, Bander Center on the Future 30(2), 138-147. • Full-time student
Significant Publications Developments”, Journal of Purchasing
of AI and Machine Learning in Medicine. Awards Smith, LD, M Staten, T Eyssell, M Karig, J and Supply Management, 25(2), 99-104. • Pursuing a bachelor’s degree in the CoBA with
American Institute of Certified Public Feinstein, and C Johnson (2018). “Credit Gaudenzi, B, GA Zsidisin, JL Hartley, emphasis in International Business
FRANK Q. FU Accountants (AICPA) Distinguished
Associate Professor of Marketing Usage, Payment Behavior, and the Accu- and L Kaufmann (2018). “An Exploration
Achievement in Accounting Education racy of Consumer Credit Files”, Financial of Factors Influencing the Choice of
Significant Publications Award, 2019
Alsaleh, DA, MT Elliott, FQ Fu, R Thakur
Services Review, 27(1), 1-28. (2019 HSBC Commodity Price Risk Mitigation Strate- Smith Family Study Abroad • Student in the CoBA $1,500
JANET Y. MURRAY Award for outstanding research pub- gies”, Journal of Purchasing and Supply
(2019). “Cross-cultural Differences in Business Scholarship • Must use scholarship for study abroad to meet
E. Desmond Lee Professor for Developing lished in Financial Services Review) Management, 24(3), 218-237.
the Adoption of Social Media”, Journal
of Research in Interactive Marketing, Women Leaders and Entrepreneurs in Xu, L and LD. Smith (2018). “Combining Grants International Experience requirement
forthcoming. International Business Traditional Accounting and Value-Added Zsidisin, GA (P.I.), B Gaudenzi, and R • Demonstrate need as determined by FAFSA
Significant Publications Activity Measures to Maximize Supply Pellegrino (2018). “Investigating Supply
Fu, FQ, JJ Phillips, and PP Phillips (2018).
Ju, M, JY Murray, GY Gao, and M Kotabe Chain Performance”, Journal of Account- Chain Approaches and Strategies for
“ROI Marketing: Measuring, Demonstrat-
(2019). “Concurrent Sourcing Strategy of ing and Finance, 18(3), 80-93. Mitigating Foreign Exchange (FX) Risk”,
ing, and Improving Value”, Performance
Multinational Firms in China: Drivers and Rust, DL, LD Smith, DL Ryan, and Council of Supply Chain Management
Improvement, 57 (2), 6-13.
Performance Implications”, Journal of J Zhang (2018). “The Other Side of Professionals.
Fu, FQ, MT Elliott, H Mano and, C Gallo-
World Business, 54(6), 101015. Revenue Management: Managing Airport
way (2017). “The Role of Affective Brand To view a full list of scholarships and awards available through the College of Business
Kotabe, M, C Jiang, and JY Murray Infrastructure and Airside Operations”,
Commitment on Sales Effort”, Journal of Administration, please visit umsl.edu/services/finaid/scholarships. Students must apply online
(2017). “Examining Complementary Effect International Journal of Revenue Man-
Marketing Theory and Practice, 25 (3),
of Political Networking Capability with agement, 10(3-4), 189-215. and have the application submitted to Dr. Gerald Gao at gaogy@umsl.edu.
257-273.
Absorptive Capacity on the Innovative
Performance of Emerging-Market Firms”, *Actual awards vary by semester.
Journal of Management, 43(4), 1131-1156.
(Third prize, Best Paper Award Innova-
tion Management, EBS, Germany)
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