W.P. Carey Autumn 2024
Dean’s Letter
One of the many benefits of working at the most innovative university in the country is the speed with which we embrace broader change. The W. P. Carey School of Business is leading the way on integrating state-of-the-art technology in business education and research. To this end, the focus of this magazine edition is on artificial intelligence (AI).
Our alumni share this tendency toward pushing boundaries in business. Read about their new companies leveraging advancements in AI, their leadership in disruptive organizations, and their commitments to transforming disciplines such as health care, human resources, agriculture, and law. They are making us incredibly proud!
We are additionally honored to continue growing the relationship between the W. P. Carey Foundation and the W. P. Carey School of Business. Together, we’re turning our attention to a prevalent local and national education opportunity in real estate. Thanks to a recent $25 million gift from the Foundation, we are embarking on a vision for a new real estate undergraduate degree, the recently named W. P. Carey Center for Real Estate and Finance, and our ability to attract top academic and educational minds in this space. Long term, these investments will place our school as a global leader in real estate education, at the intersection of academia and real-world practice.
We also continue to offer new degree opportunities that meet market needs, including our master’s and bachelor’s degrees in AI in business, online master’s degree in accountancy and data analytics, and bachelor’s degree in fintech.
These accomplishments reflect you—the collaborative W. P. Carey community who mentor students, support our programs, and so much more. Thank you for another year of Sun Devil pride!
Charles J. Robel Dean
Professor and W. P. Carey Distinguished Chair in Business
W. P. Carey School of Business
Arizona State University
Overheard From Faculty, Students, and Alums
Larry Lunetta
It’s great to see ASU and W. P. Carey out in front on these AI journeys. As all organizations are discovering, the most successful AI outcomes start with understanding the problem to be solved, followed by data science. It’s no surprise that this comes from the business school as AI becomes a powerful arrow in the management quiver.
Renee Jackson
Embrace Al or be left behind!
Shivani Paunikar
Coupling Al’s insights with personal understanding is pivotal.
Adam Valeiras
High school and beyond should encourage students to embrace generative AI as a tool—not to replace learning but to supplement it. The unknown applications and implications are scary, but we’ll fall behind in simple yet meaningful ways if we don’t.
Jen Marey
As my proficiency in business continues to expand, I am excited to dive deep into the world of data and uncover the advantages I can gain by implementing advanced machine learning, artificial intelligence, and other state-of-the-art methodologies of big data.
I want to provide a learning experience that mirrors the realities professionals face in the workforce. I am watching my oldest son, Skylar Certo (who coincidentally told me about ChatGPT before I read about it anywhere), enter the workforce after college as a commercial real estate analyst. He is using AI platforms every day to improve his efficiency. We must help our students learn to use this new technology, and banning AI does our students a disservice. We are all trying to figure out how AI makes us better, and our responsibility is to help our students in that endeavor.
Volume 12, Issue 1, Autumn 2024
Ohad Kadan
Dean, W. P. Carey Distinguished Chair in Business, Charles J. Robel Dean’s Chair
Colin Boyd
Executive Director, Marketing and Communications
Sarah Allender
Director of Alumni Engagement
Theresa Shaw
Assistant Director of Alumni Relations
W. P. Carey Alumni
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Shay Moser
Senior Creative Director
Tim Debevec
Photographer
Shelley Valdez
Staff Contributors
Emily Beach, Perri Collins, Langston Fields, Renee Joseph, Molly Loonam, Kasey McNerney, Tiana Morgan, Hannah O’Regan
Contributors
Joe Bardin, Claire Curry, Melissa Crytzer Fry, Jane Larson, Betsy Loeff, Teresa Meek, Sam Mittelsteadt, Alice Popovici, David Schwartz, George Spencer, Jennifer Daack Woolson
Managing Editor
W. P. Carey School of Business
Arizona State University
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W. P. Carey magazine is a publication of the W. P. Carey School of Business at Arizona State University © 2024
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DEPARTMENTS
- Why students still outscore ChatGPT in accounting, unveiling AI’s limits and shifting educational focus
- Exploring the effect of different behavioral preferences on social media friend recommendations
- How gender stereotypes impact the effectiveness of workplace help
- Why companies can’t afford to overlook supplier impact on stock value
$25 million from W. P. Carey Foundation bolsters real estate programs
ASU is the recipient of more than $100 million in lifetime giving to continue William Polk Carey’s legacy
The Foundation, which donated a $50 million naming gift to the school in 2003 and an additional $25 million in 2019, announced an additional commitment of $25 million earlier this year. The gift will contribute to building the real estate programs and attracting renowned faculty to the W. P. Carey School.
“We are pleased to continue our support of the W. P. Carey School of Business at ASU with the launch of the W. P. Carey Center for Real Estate and Finance,” says William P. Carey II, chairman of the W. P. Carey Foundation.
AI in Business Club
preps students for tech-driven future
“In class, we discussed artificial intelligence’s impact on our careers, and while I had used generative AI personally, I began to think about its professional applications,” says Marey. “I saw an opportunity for students to learn how to strategically apply this technology in business. After speaking with Houston, we created the AI in Business Club to explore how it enhances efficiency and adaptability while fostering conversations about ethics, tools, and insights from industry leaders.”
The club hosts technical workshops, speaker events, and networking opportunities with industry professionals and ASU academics to help members develop a technical understanding of artificial intelligence advancements while facilitating discussions on the equitable use of emerging technologies. The club is also partnering with several industry technology partners, professors, and student-led startups this year to provide members with practical examples of AI use and opportunities to strategize how it can be used to develop new products.
“AI represents a shift in how organizations do business,” says Holohan. “This club provides students with opportunities to learn how this technology is transforming traditional roles, hear from industry professionals, and participate in hands-on workshops with these tools.”
(BS Finance ’20, MBA ’25)
(BS Finance/Accountancy ’19, MBA ’25)
W. P. Carey upholds prestigious AACSB accreditation after rigorous reevaluation
Beginning in early 2023, dozens of W. P. Carey faculty and staff started the extensive reevaluation process by compiling a detailed report demonstrating how the school’s initiatives deliver on W. P. Carey’s promise of “doing good while doing well” through critical areas of focus, which include entrepreneurship and innovation, business resiliency, artificial intelligence, globally oriented curriculum, and leading the creation and dissemination of environmental, societal, and governmental knowledge as it relates to business. The reevaluation process concluded with an on-site visit to the ASU Tempe campus this spring.
RSVP for alumni events
W. P. Carey Launches First AI Business Graduate Degree in Nation
“As we advance technologically, we must remain vigilant about the sustainability of our actions and their effects on society,” says Pei-yu “Sharon” Chen, information systems (IS) chair and Red Avenue Foundation Professor.
In response to these changes, this fall, W. P. Carey debuted the Bachelor of Science in AI in Business and Master of Science in AI in Business (MS-AIB) degrees at the Tempe campus. The bachelor’s degree in AI in Business will equip students with the technical AI and business skills required to succeed in the evolving landscape of technology and information systems while leveraging AI mindfully to deploy it successfully within a business. The MS-AIB program—the first AI business graduate degree in the U.S.—teaches students the technical and managerial skills they need to implement AI into various business scenarios and encourages future leaders to use AI ethically and in ways that enhance societal well-being.
Cutting-edge FAR Lab boosts financial education
The school was honored to welcome several guests to the opening, including Bernie Clark, head of Advisor Services and managing director at Charles Schwab, and Arizona State Treasurer Kimberly Yee.
“Schwab has been such a wonderful partner to the school, and we’re thrilled by the new capabilities the FAR Lab offers students,” says Laura Lindsey, chair of the Department of Finance and Cutler Family Endowed Professor. “The lab is a flagship space for us where we can expose new students and members of our community to the opportunities available in finance-related careers.”
Personal finance certificate for teachers enhances financial literacy
During the inaugural fall 2023 semester, 116 students enrolled in the program’s two three-credit online courses—Investment Management for Educators and Risk Management for Educators, which students can apply toward a graduate degree program. W. P. Carey added a Psychology and Teaching for Educators course to the certification this fall. Since launching, 333 students have participated in the program.
To increase program accessibility for educators, each student in the inaugural cohort received a full scholarship from NGPF. The investment banking company Edward Jones sponsored the spring 2024 cohort. Edward Jones created a financial fitness initiative to promote financial resiliency and literacy for its customers and the broader community through skill development.
“More students and young people are becoming financially literate, making better decisions, and creating better lives for themselves and their families,” says W. P. Carey Director of Development Ronnie Burton. “Giving high school teachers the ability to financially educate their students creates a virtuous cycle in terms of community impact.”
Introducing the new Online MACC degree
W. P. Carey designed the Online MACC with flexibility and inclusion in mind. The program consists of on-demand and live classes taught by the same expert faculty as the on-campus program. This flexibility allows students to work and take courses while forming meaningful connections with faculty and classmates.
Individual courses are also available for students not interested in pursuing the full Online MACC, providing further flexibility for anyone seeking professional growth or preparing to become a certified public accountant (CPA).
“The option to take as many or as few Online MACC courses as you want is a great feature of the program,” says Phil Lamoreaux, professor and interim director of the School of Accountancy. “Many students need additional courses to become CPA-eligible and want to start their careers with some of the valuable skills offered in the program but aren’t in a position to participate in the entire program. This flexible format allows students to customize the program to their needs.”
Introducing the new Online MACC degree
W. P. Carey designed the Online MACC with flexibility and inclusion in mind. The program consists of on-demand and live classes taught by the same expert faculty as the on-campus program. This flexibility allows students to work and take courses while forming meaningful connections with faculty and classmates.
Individual courses are also available for students not interested in pursuing the full Online MACC, providing further flexibility for anyone seeking professional growth or preparing to become a certified public accountant (CPA).
“The option to take as many or as few Online MACC courses as you want is a great feature of the program,” says Phil Lamoreaux, professor and interim director of the School of Accountancy. “Many students need additional courses to become CPA-eligible and want to start their careers with some of the valuable skills offered in the program but aren’t in a position to participate in the entire program. This flexible format allows students to customize the program to their needs.”
W. P. Carey conference explores sustainable investing
Sunil Wahal, Furst Endowed Professor of Finance and director of the CRI, kicked off the conference, saying, “Our goal for this inaugural conference was to bring together the generators of the science behind responsible investing and practitioners who create and consume responsible investment strategies.”
The room was full of researchers and professionals, representing decades of research in a variety of fields and billions of dollars in investment capital. Bringing together academics and those actively working in finance or financial services is vital to the CRI’s goals.
“The work we do at the CRI stems from a belief that investments can have indirect costs and benefits that may not be reflected in an asset’s price and that these ‘externalities’ can have societal effects,” Wahal said. “From that belief, we encourage and enable collaboration between academic researchers and practitioners.”
W. P. Carey conference explores sustainable investing
Sunil Wahal, Furst Endowed Professor of Finance and director of the CRI, kicked off the conference, saying, “Our goal for this inaugural conference was to bring together the generators of the science behind responsible investing and practitioners who create and consume responsible investment strategies.”
The room was full of researchers and professionals, representing decades of research in a variety of fields and billions of dollars in investment capital. Bringing together academics and those actively working in finance or financial services is vital to the CRI’s goals.
“The work we do at the CRI stems from a belief that investments can have indirect costs and benefits that may not be reflected in an asset’s price and that these ‘externalities’ can have societal effects,” Wahal said. “From that belief, we encourage and enable collaboration between academic researchers and practitioners.”
ASU Leads AI Integration in Academia with OpenAI Partnership
The university received more than 175 proposals in the first round of applications, accepted 105, and issued more than 800 ChatGPT Enterprise licenses to employees from 14 of ASU’s 17 schools, colleges, enterprise units, and teams. ASU selected six proposals from W. P. Carey employees.
During a W. P. Carey “Coffee, Tea, and ChatGPT” series event, which brought university employees together to discuss generative AI and ChatGPT’s impact on teaching and learning, six W. P. Carey license recipients shared how they’re using the technology in supply chain, economics, business, and information systems (IS) to investigate risk-sensing, collect exclusions of non-generally accepted accounting principles (non-GAAP), conduct commodity strategic analysis, avoid decision-making biases, and develop AI’s applications in curriculum, teaching, learning, and the student experience.
The Power of Connection: Modernizing the MBA
The W. P. Carey School of Business has modernized its MBA with this in mind—leveraging intentional high-touch programming to ensure students see firsthand how powerful connection can be in driving organizations to do great things. Our transformative Connected MBA curriculum and experience shape students into leaders who do, build, and catalyze.
Build: Make an impact, establish your thought leadership, and create a career path on your terms.
Catalyze: Become an action-oriented, connected leader with strong human skills.
from classroom to coffee shop:
Students brew business skills in virtual reality
Students in ASU’s Planning and Control Systems for Supply Chain Management class had the opportunity to do so last fall while piloting W. P. Coffee, a virtual reality immersive classroom experience.
The program, set in a virtual coffee shop, teaches students about operational capacity management. It allows them to purchase and discard coffee machinery, invest in additional staff to improve efficiency, and change the shop’s appearance. At the same time, the simulation provides live updates on how the decisions affect the shop’s finances and net profit.
“Simulations turn theory into experience, making learning a dynamic journey where mistakes become steppingstones to understanding,” says Hailee Griesenbrock (BS Business Entrepreneurship/Supply Chain Management ’24), one of the 59 pilot class participants.
The W. P. Coffee pilot program builds on W. P. Carey’s initiatives to leverage AR (augmented reality) and VR (virtual reality) technologies to enhance student learning and become leaders in using them.
“It’s amazing to see how much we were able to accomplish in a year,” says Dan Gruber, associate dean for Teaching and Learning, clinical professor of management and entrepreneurship, and college catalyst for principled innovation, who co-leads and co-coordinates the school’s faculty- and student-led AR and VR initiatives alongside Thomas Kull, professor of supply chain management.
“We strived to create a platform for building various learning objectives and modalities while also creating worlds the students could relate to,” Kull says.
Students read a case study to prepare for the W. P. Coffee experience. While in the simulation, they wore headsets and hand sensors and altered the shop via pop-up displays on their virtual desktops.
Antonios Printezis, clinical assistant professor of supply chain management, talked students through the experience from a studio down the hall and adjusted shop variables to highlight class learnings.
“I think VR has a lot of exciting applications, especially when you can instantly transfer students to places that otherwise may be impractical or impossible to visit,” says Printezis.
Gruber and Kull introduced VR immersive classroom experiences into W. P. Carey courses this fall, and they’ll implement more during the 2025 academic year, including a bottling factory, a health care facility, and a boardroom experience, in addition to W. P. Coffee.
from classroom to coffee shop:
Students brew business skills in virtual reality
Students in ASU’s Planning and Control Systems for Supply Chain Management class had the opportunity to do so last fall while piloting W. P. Coffee, a virtual reality immersive classroom experience.
The program, set in a virtual coffee shop, teaches students about operational capacity management. It allows them to purchase and discard coffee machinery, invest in additional staff to improve efficiency, and change the shop’s appearance. At the same time, the simulation provides live updates on how the decisions affect the shop’s finances and net profit.
“Simulations turn theory into experience, making learning a dynamic journey where mistakes become steppingstones to understanding,” says Hailee Griesenbrock (BS Business Entrepreneurship/Supply Chain Management ’24), one of the 59 pilot class participants.
The W. P. Coffee pilot program builds on W. P. Carey’s initiatives to leverage AR (augmented reality) and VR (virtual reality) technologies to enhance student learning and become leaders in using them.
“It’s amazing to see how much we were able to accomplish in a year,” says Dan Gruber, associate dean for Teaching and Learning, clinical professor of management and entrepreneurship, and college catalyst for principled innovation, who co-leads and co-coordinates the school’s faculty- and student-led AR and VR initiatives alongside Thomas Kull, professor of supply chain management.
“We strived to create a platform for building various learning objectives and modalities while also creating worlds the students could relate to,” Kull says.
Students read a case study to prepare for the W. P. Coffee experience. While in the simulation, they wore headsets and hand sensors and altered the shop via pop-up displays on their virtual desktops.
Antonios Printezis, clinical assistant professor of supply chain management, talked students through the experience from a studio down the hall and adjusted shop variables to highlight class learnings.
“I think VR has a lot of exciting applications, especially when you can instantly transfer students to places that otherwise may be impractical or impossible to visit,” says Printezis.
Gruber and Kull introduced VR immersive classroom experiences into W. P. Carey courses this fall, and they’ll implement more during the 2025 academic year, including a bottling factory, a health care facility, and a boardroom experience, in addition to W. P. Coffee.
(BA Business Communication/BS Marketing ’18, MS-FIN ’21)
(MS-FIN ’22)
Creating the financiers of the future:
MS-FIN program spotlight
On top of traditional courses in financial accounting, investment strategies, and risk management, the leading-edge MS-FIN program incorporates newer technologies like artificial intelligence and blockchain into classes to prepare students for the future of the industry. W. P. Carey’s Department of Finance also features world-class faculty highly ranked for their research and publications. These experts in the field gladly share their knowledge with students to help build the next generation of finance leaders.
The program’s innovative and “futuristic outlook on the finance industry” attracted alum Joy Wong (BA Business Communication/BS Marketing ’18, MS-FIN ’21). She now uses skills learned during the program, including coding and machine learning, to find innovative solutions in her current role at Intel as a senior finance analyst.
“As technology continues to advance, I have found it valuable to have been part of a forward- looking master’s degree program,” Wong says. “This is exciting for me, as my role directly seeks to drive change within the company and explore creative solutions in procuring, planning, and forecasting our manufacturing capital assets.”
When Will Tawney (MS-FIN ’22) was deciding where to pursue a graduate finance degree, the MS-FIN’s corporate-like curriculum, project-oriented approach to learning, and vast student resources stood out among the crowd.
“The faculty provided a great learning environment and enhanced all aspects of comprehension through their unique approaches to each class,” he says.
Tawney works at Vanderbilt University as a grants manager for the chemistry department, which he describes as an extremely rewarding position. “I draw inspiration from my work, knowing my abilities to support university research leads to greater innovation and change in the world.”
MS-FIN alums have gone on to become leaders and changemakers within countless industries, including tech, the public sector, and higher education. The program’s combination of essential financial skills, experienced faculty, and real-world problem-solving prepares students for careers far beyond traditional corporate finance.
The Banker on Horseback
His father had other ideas. The family owned the S A Ranch near Payson and on the Mogollon Rim north of Phoenix, grazing as many as 250 mother cows, calves, and 1,000 steers. A cowboy, Jones spent his summers in a log cabin without electricity or running water. He herded cattle on horseback and repaired fences.
His father suggested, “The local bank could use some good agricultural bankers. It might be a good career path.” This was fortuitous counsel, as at the beginning of his senior year in 1977, Jones was awarded the ASU Alumni Association Medallion of Merit, which included a full four-year academic scholarship.
Breathing New Life Into Law
redefine success
This process is how one client described her HypnoBreathwork sessions with Whitney Harvey, Esq. (BS Accountancy ’07, JD ’10), an attorney and entrepreneur who founded The Self Coached Lawyer, a coaching and consulting practice that provides career guidance and support to professionals in the legal field. A certified HypnoBreathwork facilitator, Harvey says she incorporates the experiential therapeutic approach—a combination of breathwork exercises, hypnosis, and visioning—into her coaching plans to help clients “release accumulated emotions, overcome limiting beliefs, and pursue their personal and professional goals.”
In this case, Jennifer Lovato, an executive director at a Phoenix law firm, engaged Harvey to help her navigate new changes and challenges at her workplace. After six months of coaching and a handful of HypnoBreathwork sessions, she decided to make a career move.
From France
to ASU to
Singapore,
spans the globe
“What makes someone laugh, and what (makes) someone cry, and what makes someone think is quite different across the world,” says Bigio, who has led campaigns for Netflix projects, including the award-winning series Wednesday and Stranger Things, creating targeted content that reaches audiences across all marketing touchpoints. “To me, that challenge is interesting.”
Bigio began working for Netflix in 2016 in its Amsterdam office, but when he moved to Singapore two years later for a new opportunity within the company, he had to quickly adapt to a new culture and entertainment ecosystem. Bigio credits his ability to quickly pivot and learn the nuances of a new environment to his international upbringing and education: He grew up in France, spent many summers with relatives in Los Angeles, and studied in the United Kingdom, the Netherlands, and Spain before landing at ASU for his second master’s degree, an MBA.
A Healthy Bottom Line
Revolutionizing Logistics
The AI Revolution
Beyond the Industrial Age into uncharted territories
“The societal implications of AI are potentially more profound than those of the Industrial Revolution,” says Pei-yu “Sharon” Chen, Red Avenue Foundation Professor and chair of the Department of Information Systems.
Many share Chen’s perspective. A 2023 report published by consulting giant McKinsey & Company predicts that “Generative AI is poised to unleash the next wave of productivity” (McKinsey & Company, 2023, The Economic Potential of Generative AI).
What makes AI such a game-changer? Along with its capabilities, “AI is easily accessible as a general technology to everyone without any deep technical background or a lot of capital,” Chen says. AI is also applicable to any industry or sector. For instance, Chen sees it used in medicine for pharmacology research, patient care, diagnostics, and more.
Sci-Fi in the Media: Decoding Our Complex Relationship with Technology
Sci-Fi in the Media:
Decoding Our Complex Relationship with Technology
Science fiction imagines future technology and reflects on humanity’s evolving world, balancing between “protopian” dreams of gradual progress and dystopian warnings. It embodies our deepest hopes, desires, and fears about technology and humanity. It’s fascinating to see how sci-fi authors and filmmakers have predicted technological progress, critiqued its implications, and envisioned futures that are now within reach or even in our grasp.
The origins: Frankenstein
Mary Shelley’s book Frankenstein; or, The Modern Prometheus, is often considered the original work of science fiction. It’s a cautionary tale about the dangers of unchecked ambition and the ethical responsibilities of creators. The intelligent and emotional monster faces rejection, symbolizing the unintended consequences of scientific overreach. Shelley’s masterpiece raises a timeless question: What obligations do we owe to our creations? This question is very relevant in our early age of artificial intelligence.
Exploring consciousness and reality
Can ChatGPT Conquer Accounting? Not Yet.
Can ChatGPT Conquer Accounting? Not Yet.
Gregory Dawson, clinical professor of accountancy, discovered this with his co-authors in their paper, “The ChatGPT Artificial Intelligence Chatbot: How Well Does It Answer Accounting Assessment Questions?” Published in the Issues in Accounting Education journal, it examined how artificial intelligence performed when confronted with typical questions for aspiring accountants.
Specifically, Dawson and his colleagues found that students scored an average of 76.7%, while ChatGPT scored 47.4% when only completely correct answers were counted (ChatGPT’s average improved to 56.5% when given partial credit for answers).
ChatGPT’s performance varied by topic area. It performed better in accounting information systems and auditing, which are less mathematically based, than in tax, financial, or managerial accounting. Its performance also varied depending on the type of question. ChatGPT performed better on true/false and multiple-choice questions than on problem-solving and short-answer questions.
Why Can’t We Be Friends?
“From a profitability point of view, the platform grows the network with new connections and new inclusion of users, so advertisement propagation will be more effective,” says Olivia Liu Sheng, professor and W. P. Carey Distinguished Chair in Business in the Department of Information Systems.
The more people connect, the more time they spend on the platform, which makes them more likely to respond to advertising. Facebook mostly matches us with people like us. But is that all we’re looking for in people—a mirror of our interests and background?
The concept of diversity preference suggests otherwise. “Diversity preference is that you want friends with different backgrounds,” says Sheng. “I like my colleagues at ASU, but I want to have other kinds of friends, too.”
How Gender Stereotypes Affect
Not exactly, says Seoin Yoon, an assistant professor of management and entrepreneurship who, along with research colleagues, wanted to know why some people feel less positive—and specifically, less competent—when they receive help at work.
The team conducted an experience-sampling study to better understand when receiving help, a mundane and foundational aspect of organizational life, may not be beneficial, and for whom. The study captured the “lived-through” everyday experience of employees for three weeks.
Two types of help
Sustainability Beyond Borders
Companies are aware of the problem, and many would like to improve the environmental and working conditions of companies along their supply chains. Still, initiatives can be costly, and their impact on stakeholders is far from certain. Prioritizing programs is complex, and businesses often handle more tasks than they can successfully manage.
How can companies know where their supply chain sustainability dollars will be most effective? How can they maximize the value of their programs? No one has been able to answer these questions. While past studies have shown a correlation between a company’s stock price and its suppliers’ environmental and workplace-related practices, they have failed to establish causality.
That made the subject an intriguing research topic for Craig Carter, John G. and Barbara A. Bebbling Professor of Supply Chain Management. He and colleagues Zachary Rogers of Colorado State University and Sina Golara of Georgia State University decided to investigate the effects of both positive and negative supplier news events on the stock prices of companies that used their services. They examined 3,986 supplier-related environmental and “socially sustainable” (labor-related) news events from 1994 to 2013.
ASU alum returns home to aid Native entrepreneurs
Stago’s journey began after she earned her economics degree from ASU in 2001 and returned to her hometown of Winslow, Arizona, to start a medical supply company with her mother. They quickly encountered the formidable barriers many Native small business owners face on the reservation, such as lengthy and costly business startup procedures. These challenges, familiar to many Native entrepreneurs, are exacerbated by the complex bureaucracy required to access land and utilities, making it considerably more difficult and expensive than nearby towns like Cortez, Colorado.
“We were trying to do business with the tribe,” says Stago, a Navajo Nation and White Mountain Apache member. “That was going to be our market.”
1960s
1970s
Michael Cooper (BS Marketing ’73, MBA ’74) is celebrating his retirement after 14 years as a board member at Pilgrim’s Pride, a global food and beverage manufacturing company and one of the largest chicken producers in the U.S. and Puerto Rico. Throughout his 50-year career, Cooper held senior leadership roles at Dial, Perdue Farms, and Pilgrim’s Pride. He lives in Paradise Valley, Ariz.
David Chanko (MBA ’79) is an adjunct professor at Grand Canyon University. He teaches finance and economics classes and lives in Scottsdale, Ariz.
MEET YOUR NEW MUST-READ BOOK
AI and analytics have become critical business dimensions, presenting both challenges and opportunities for non-technical leaders. If we want to remain competitive in the digital age, we must learn to effectively lead AI and analytics initiatives to success, even if we don’t understand everything that’s going on under the hood. The book Leading in Analytics: The Seven Critical Tasks for Executives To Master in the Age of Big Data offers a concrete strategy for doing just that: helping readers understand how to maximize their influence in complex data-driven projects.
Written by Joseph Cazier, clinical professor of information systems and associate director of the Center for AI and Data Analytics, the book takes readers through the entire process of guiding AI and analytics initiatives from inception to execution.
As a leader of an AI or analytics initiative, we can’t control every aspect of the process; however, we can ensure an effective outcome by focusing on the high-impact factors we can control. Leading in Analytics describes those factors and gives actionable tips for success.
Drawn from best practice research in the field of analytics, the tasks described in this book are specific to the goal of implementing big data tools at an enterprise level. A contributing team of analytics and business experts share knowledge to show how to choose the right business problem to address, assemble the right team, gather the correct data, select the right tools, and execute a strategic plan to produce an actionable result.
The book also offers a roadmap for building a mature AI and analytics development process, helping you grow and scale your capabilities, and giving tangible guidance for how to wrestle with ethical dilemmas and avoid thorny pitfalls.
“By learning to pay attention to critical tasks in every analytics project, non-technical executives, business leaders, and analytics professionals can guide their organizations to achieve measurable results,” Cazier says.
In Memoriam
-
2018
Andrew D. MarrisBA Business Global Management -
2008
Michael L. CrainBA Information ManagementWilliam M. VaneppsBS Marketing -
2003
Marc JudnickBS Supply Chain Management -
2001
John GibneyMBA -
2000
Chad D. HarwoodBS Marketing -
1999
Randall A. RossMTax -
1998
Stuart DarnellBS Computer Information SystemsJeremy LoopsBS Supply Chain Management -
1996
Natalie HiebertBS Accountancy -
1995
Ryan L. BonnellBS Computer Information SystemsJeffrey Kayle EstesBS Computer Information SystemsJohn Garcia Jr.BS General BusinessDiane L. RetsonBS Business Administration -
1994
Jason E. KaderliBS Management -
1993
Jana L. FrostBS Management -
1992
P. Thomas MenaughMTaxGregory J. SchaferBS AccountancyJay WolpeBS Management -
1991
Brady P. BenardBS MarketingStephan A. GattoBS Finance -
1990
Thomas R. ArmstrongBS Purchasing/Materials ManagementPhilip D. KastleMBAJeanne J. KuisleBS AccountancyTressa M. PattonBS Finance -
1989
Stephen P. MorganBS Finance -
1988
Frank F. CovelloBS ManagementMark S. HarrisBS MarketingMartin T. HeeremaBS MarketingDavid B. VanyoBS Marketing -
1986
Torin A. CampbellBS Finance -
1984
Martin GoslarPhD Business AdministrationJeffrey HubbellBS Computer Information SystemsFrank S. Rodriguez Jr.BS Business AdministrationStephen SeibelBS AccountancyRobert Sholtis Jr.BS Business Administration -
1983
Jeanne L. ClarkBS ManagementJo W. JohnsonBS Marketing -
1982
Brian J. BehlingBS ManagementSusan C. TropsaBS MarketingJeanne A. WexlerBS Business Administration, MBA ’85 -
1981
James G. HenryMBADavid JeongBS AccountancyMark F. KuhlmanBS TransportationWilliam O. ValenzuelaAccountancy -
1980
John AlstonBS General Business AdministrationKaren Kline-MinaMBAPenelope PappatriandafillopoulosBS FinanceLaurie ShapiroMBAKenneth B. VaughnBS Accountancy -
1978
Donald BuchwaldBS AccountancyDavid R. LamparterBS Business AdministrationDennis NewportBS Agriculture -
1976
Michael ReardonBS EconomicsJudith J. TixierBS Business Administration -
1975
Paul TopliffMBA -
1974
Raymond CarlsonBS Quantitative SystemsDouglas WardBS Business Administration -
1973
Stephen J. GutkowskiMBASamuel RuizBS Management -
1972
Doyle E. PriceBS Management -
1971
Robert J. DaleBS ManagementJohn A. Doherty Jr.BS Finance -
1970
Don W. HobbsMBAGregory S. KilfoyleBS Management -
1969
Harold “Hal” K. BrownBS AccountancyJohn M. ColesBS FinanceTom ElliotBS Finance, MBA ’71Malcom MarrBS MarketingPaul RathwellBS Agriculture -
1968
Stephan D. JarmanBS ManagementBruce F. JohannesBS Marketing -
1967
William “Bill” CallarmanMBA, PhD Business Administration ’73 -
1963
Arthur D. JacobsBS Management, MBA ’66 -
1962
John CulpepperBS MarketingDonald Wilson Jr.BS Management -
1960
Norman SavilleBS MarketingDean YoungBS Accountancy -
1958
Gary L. FosterBS MarketingRobert Pierce Jr.BS AccountancyNorbert T. Williams Jr.BS Management -
1957
Edward MoomijianBS Economics -
1956
John HuberBS Agriculture -
1955
Clarence Finch Jr.BS Economics -
1949
Dorothy TurleyBS Business Administration
From Barista to Boardroom: Alum’s journey from Starbucks to strategic sourcing
Two years later, Roinas started in the work world as a Starbucks barista, rising to the corporate office after more than a decade at the Seattle-based global coffee giant.
But something was missing deep down inside Roinas.
“Even though my career grew beautifully, there was always a part of me that knew I needed to go back and get a degree,” Roinas explains. “I always promised myself that I would do that.”
HALL OF FAME
Barton Faber
Partner at Atrium Capital,
a Menlo Park Venture firm
Nancy Shevell McCartney
Principal,
AMZ Management
Rhonda Turner Buseman
Chief Human Resources Officer,
Benchmark Electronics
Timothy Huang
Head of Corporate Banking,
Greater China
JPMorgan Chase
Young Alumni Inductee
Denise Woodard
Founder and CEO,
Partake Foods
BILL CAREY AWARD
John Graham
Sunbelt Holdings
HONORING HOMEGROWN LEADERSHIP
Jackson—who recently retired from his role as president and CEO of Arizona-born Knight-Swift Transportation, the largest full-truckload freight transportation company in North America—was recently honored by ASU’s W. P. Carey School of Business as the 2024 Executive of the Year.
The Dean’s Council, a national group of prominent executives who advise the W. P. Carey School, chose Jackson as the 41st Executive of the Year. At a recent event hosted by the Economic Club of Phoenix to celebrate this recognition, he shared his experiences, the history, and the culture of the Fortune 500 company, which boasts roughly 35,000 employees and $8 billion in annual revenues.
In 2000, Jackson graduated from ASU with global business and financial management degrees. Subsequently, he stepped into a position at Knight Transportation. Jackson rose through the ranks to become its chief financial officer in 2004, president in early 2011, and CEO in 2015. Two years later, he oversaw the company’s merger with Swift Transportation.
Today, Jackson is a member of the Dean’s Council at W. P. Carey and the Greater Phoenix Economic Council. In 2016, Forbes magazine recognized him as one of America’s Most Powerful CEOs 40 and Under. Thanks to a generous donation from Knight-Swift Transportation, the Knight-Swift Logistics Lab opened at the ASU West Valley campus in November 2017.
At the W. P. Carey School’s 2024 Executive of the Year celebration event, Jackson called attention to the next chapter of Knight-Swift leadership, introducing Adam Miller, a fellow ASU graduate (BS Accountancy ’02) who shares with Jackson a similar upbringing in the West Valley and a reputation as a long-standing pillar of the company. Miller stepped into the role of CEO for Knight-Swift in February.
Start a new chapter:
Join today to:
- Get ahead of the latest thought leadership in business.
- Connect with other W. P. Carey alums from all over the world.
- Turn insights into action.
We’re currently reading Think Again by Adam Grant—but you can sign up at any time!
Discover the power of books here.
Start a new chapter
Start a new chapter:
With a new book every two months, there’s always something to learn in the W. P. Carey Alumni Book Club. Read the selected book for six weeks, then be a part of our online discussions to gain new perspectives and grow your network.
Join today to:
- Get ahead of the latest thought leadership in business.
- Connect with other W. P. Carey alums from all over the world.
- Turn insights into action.
We’re currently reading Think Again by Adam Grant — but you can sign up at any time!
Discover the power of books here.
ASU Homecoming 2024
Keep the Sun Devil spirit alive!
This annual tradition gets bigger (and better) every year.
W. P. Carey Alumni Hall of Fame
ASU Homecoming Block Party
Arizona State Sun Devils vs. BYU Cougars
Give em hell, Devils!
We hope to see you in your maroon and gold for Homecoming weekend!
Learn more: wpcarey.asu.edu/alumni-events
Technological Advances Foreseen by Star Trek
Communicators (mobile phones):
In the first episode, in 1966, Captain Kirk flips open his “communicator” to call the ship.
- In 1996, Motorola unveiled the first flip phone, the StarTAC.
Video calling:
Episodes in 1966 show video communication used in a way that mirrors the functionality of today’s video calling platforms.
- In 1970, AT&T introduced the Picturephone, though it never gained widespread popularity. Skype entered the scene in 2003, and Zoom boldly began its journey in 2011.
Universal translators (translation app):
- In 2015, Google released its Translate app to quickly provide visual and spoken translation.
PADDs, or personal access display devices (tablet computers):
- In 1989, the first tablet-like device, often considered a precursor to modern tablets, was the GRiDPad, released by GRiD Systems. However, the first commercially successful and widely recognized tablet computer was Apple’s iPad, which was announced on Jan. 27, 2010, and released on April 3, 2010.
Tricorders:
- In 2017, a company called Final Frontier Medical Devices created a device inspired by the medical tricorders used in Star Trek. They won the Xprize, but have since run into funding issues beginning during the COVID-19 pandemic.
- In 2022, NASA sent the rHEALTH ONE to the International Space Station. This device represents the most powerful biomedical device ever employed in space, using only a small sample for analysis.
- Even Apple’s iPhone and Google Pixel phones have power sensors and augmented reality cameras, enabling new ways to analyze and experience the environments around us.
Combadges (Bluetooth headset):
- In 2012, Nokia introduced the first Bluetooth headset.
Food synthesizer/replicator (3D printers):
- 3D Systems released the first commercial 3D printer, the SLA-1, in 1987. This may be a stretch—we can’t eat 3D-printed items … yet, anyway!
Voice-controlled assistants (virtual assistants):
The first episode to feature voice-controlled assistants was in 1967.
- Apple introduced Siri in 2011, Amazon’s Alexa launched in 2014, and Google announced its assistant in 2016.
- OpenAI introduced ChatGPT-4o in May 2024, bringing in an almost human level of interaction via voice and video chat with a digital assistant.