CARLSONS P R I N G 20 2 1SCHOOL OF MANAGEMENTWomen& WorkTHE MAGAZINEFOR ALUMNIAND FRIENDSExploring the challenges—and opportunities—presented by the pandemic.
CARLSONOpposite: CarlsonSchool students takesteps to stay safe whilelearning during theCOVID-19 pandemic.S P R I N G 2021THE CARLSON SCHOOLO F M A N AG E M E N T M AG A Z I N EF O R A LU M N I A N D F R I E N D SDISCOVER3Start-Up News7 3 People, 3 QuestionsCover and right:“These unprecedentedtimes” have upendedthe nature of workfor women. We tacklethe challenges andopportunities that maylie ahead. Illustrationby Edmon de Haro.8Faces of CarlsonFOCUS : WOMEN AND WORK10Below: MakingWaves: Womenentrepreneurs buildbusinesses their way.Challenges he pandemic is exacerbatingTgender disparities, and the impactsmay echo for years.16 Opportunities ith creativity, intention, and purpose,Wemployers can use lessons learned duringthe pandemic to design a workplace thatworks better for everyone.1620Alumni Profiles26Faculty ProfileE N G AG E31News & Notes32Executive Spotlight34Giving38 Alumni Happenings4020Class Notes44 5 Things I’ve LearnedS P R I N G 2 0 21 C A R L S O N S C H O O L O F M A N A G E M E N T1
DISCOVERFROM THE DEANAdjusting toa New NormalIt’s been more than a yearsince COVID-19 upendedour lives. While nearlyeverything has changed, I stilloften find myself adjustingto a “new normal.” The samecan be said for many of you,I’m sure. That’s especiallytrue for those parents with young children at home,those taking care of sick or aging relatives, or thoseassisting siblings in their education, to name justa few examples. These blurred lines between allthat we do can make our lives feel messy; they arealso impacting businesses and the way we work.As you may know or have experiencedpersonally, women have felt these impacts acutely.The statistics are startling, disheartening, anddeserving of our attention. In the following pages,you can learn more about the current situation,as well as the new opportunities it presents.Several Carlson School faculty members arestudying these impacts and providing theirexpertise to understand the many challengesresulting from child care, remote learning, andremote work, among others. Families today havedifferent shapes, sizes, and roles, so I recognizethat these shifting demands also affect each of usin varied ways—and we all need a little grace.There is a message here for companies of allshapes and sizes: It’s time to rethink work. Ourfaculty members are lending their expertise tosuggest effective strategies that produce positiveresults for employees and the bottom line.When we see positive things happen, we need toacknowledge them. I hope you find inspiration inthe story of Professor Rachna Shah (who has beenblending work and home for a long time!), and fromthe three female founders of Odele Beauty. Two ofthe three met as Carlson School students and allhave the same goal of protecting what is importantto them, which, as they say, can shift over time.However, some things do not change, and thatincludes our commitment to fostering a diverse,welcoming, equitable community. The urgentlyimportant work to be anti-racist continues atour school, with new faculty and staff trainingsunderway as one important step. There are manyfaculty, staff, students, and alumni who are pushingus forward. I appreciate their passion, energy, andinsights. But I know it will take a sustained effortfrom each of us to create long-lasting change.I’m confident 2021 will bring us progress, on diversity,equity, and inclusion; on more flexible work; on theeconomy; and on our ability to gather together again.IDS DEPARTMENTEARNS TOP HONORSRecognition of the Carlson School’soutstanding faculty continued atthe INFORMS Annual Conference,considered one of the mostprestigious conferences for themanagement information systemsdiscipline. Two Information &Decision Sciences Departmentfaculty members won top honors:Practical Impact AwardRavi Bapna, the CurtisL. Carlson Chair inBusiness Analytics andInformation SystemsBest IS PaperAssociate ProfessorJason Chan for HiringPreferences in OnlineLabor Markets: Evidenceof a Female Hiring BiasHitting the MarkFaculty members earn national recognitionfor teaching and research.Warmest regards,Sri Zaheer,Dean, Carlson School of ManagementMary BennerJohn Molloy2U N I V E R S I T Y O F M I N N E S O TAS TA R T- U P N E W STWO NAMEDBEST IN THE COUNTRYProfessor Mary Benner and SeniorLecturer John Molloy were namedas two of the “Top 50 UndergraduateProfessors of 2020” by Poets&Quants.Described as a “research monster,”Benner, the Strategic Management andEntrepreneurship Department chair aswell as the John and Nancy Lindahl Professor for Excellence in Business Education,has nearly 9,000 Google Scholar citations,something no other professor on thelist came close to matching. She bringsthose insights into the classroom whileteaching Business Strategy and TechnologyStrategy for undergraduate students.“I care about students and theirlearning,” Benner told Poets&Quants. “Itry to create a course that allows learningfor different types of students. I alsoILLUSTRATION: JON KRAUSEhave significant work experience, whichhelps bring the strategy topic to life.”Benner was joined on the list byMolloy, a two-time winner of theCarlson School’s Outstanding FacultyMember Award and recipient of theAnnual Faculty Teaching Award. Molloyteaches courses called Fundamentalsof Finance, Financial Modeling, andCorporate Investment Decisions.“Inspiration is tough to define sinceit comes in various paths,” a nominatorwrote in support of Molloy. “In myinstance, learning from John day inand day out became my motivationto continue on my career track inFinance. Until this date, I have not met aprofessor as passionate about the subjectthey teach. John’s empathetic natureand intriguing lectures are unparalleledat this school, and I’m sure elsewhere.”Also, IDS PhD student Meizi Zhouwon for Best Student Paper, PhDalumnae Jingjing Zhang won theSandra A. Slaughter Early CareerAward, and INFORMS unveiledthe new ISS Gordon B. Davis YoungScholar Award. Named for theCarlson School professor emeritus, itrecognizes a young scholar on a pathof making outstanding intellectualcontributions to the discipline.“It was amazing to see our departmenthave so much success,” says GedasAdomavicius, the Information &Decision Sciences Department Chairand the Larson Endowed Chair forExcellence in Business Education. “Asone of the pioneering institutions oninformation systems, it’s great to be ableto carry on the legacy of this program.”Another recent success for thedepartment is a hometown grant fromthe Target Foundation to the Analyticsfor Good Institute (AGI). The grantallows AGI to continue its work onsustainable housing projects in theTwin Cities region, building on studentwork in the Carlson Analytics Lab.S P R I N G 2 0 21 C A R L S O N S C H O O L O F M A N A G E M E N T3
S TA R T- U P N E W SCarlson SchoolFinalizes NewStrategic PlanTitled “Business as a Force for Good,”the Carlson School’s new strategicvision positions the school for its next100 years of business education.Angela BuschAligned with the University of Minnesota’sSystemwide Strategic Plan, the CarlsonSchool’s plan is flexible to allow forresponses to the long-term impacts of theCOVID-19 pandemic, while also ensuringcontinued investment in vital areas.Nicole GravesLaura Newinski Develop innovative programsthat respond to andcapture market demand Enrich the student experienceWithin each of those platforms are specificinitiatives that will address areas of focusover the next five years. Some of thoseinclude establishing a leadership positionand team to drive the Carlson School’sdiversity, equity, and inclusion initiativesand further develop the curriculum tobecome more analytics-infused, with afocus on immersive, experiential learning.The strategic plan was developedby a committee of Carlson Schoolfaculty, staff, students, and alumni.Siddharth Chandramouli, the managingdirector for the Carlson ConsultingEnterprise, served as the facilitator.4U N I V E R S I T Y O F M I N N E S O TAFour accomplished business leaders joinedthe Carlson School of Management’sBoard of Advisors (BOA) this year. They are:The Gary S. Holmes Center for Entrepreneurship and its flagship program, MNCup, garnered national honors recently.Angela Busch, executive vicepresident of corporate strategy andbusiness development, EcolabThe Holmes Center was named one ofthe five finalists for the “OutstandingContributors to Venture Creation” at theGlobal Conference of EntrepreneurshipCenters. The center was also recognizedin the State of University EntrepreneurshipCenters’ Fall 2020 Report, with MN Cupspecifically spotlighted in the survey ofmore than 100 entrepreneurship centers.Laura Newinski, deputy chair andchief operating officer, KPMG LLPMark Schindele, executive vicepresident and chief stores officer, Target Foster mutually impactfulbusiness engagementthat informs world-classresearch and teaching Build a “Carlson for Life”experience that encourageslifelong school engagementand philanthropyHolmes Center, MN CupGain National RecognitionNicole Graves, human resourcessenior director for global sales andmarketing, finance, and businessoperations, The Boeing CompanyThe plan includes five platforms andinitiatives that the school will developover the next five years, including: Develop leaders committedto equity and inclusion forall identities in a communitythat supports diversestudents, faculty, and staffBoard of AdvisorsAdds New Members94%of MSBAstudents wereemployed withinthree months98%of undergraduateshad full-timeopportunities,enrolled ingraduate school,were volunteering,or joined themilitary within 90days of graduation100%School Posts Strong Employment Numbers,Despite PandemicCareer services staff at both theUndergraduate Business CareerCenter (UBCC) and Graduate BusinessCareer Center (GBCC) continue to workdiligently to help Carlson School studentsland jobs upon graduation. Collectively,they have increased service to students,with more coaching appointments,employer meetings, and virtual events.They are building on their hard-earnedsuccess with the Class of 2020.Ninety-eight percent of undergraduateshad full-time opportunities, enrolledin graduate school, were volunteering,or joined the military within 90 days ofgraduation. For those who entered theworkforce, the average starting salarywas north of 60,000 for the first time.of the Class of2021 MBAsacceptedinternship offerslast summerNinety percent of Full-Time MBAstudents were employed within threemonths of graduation, equal to 2020’smark. Salaries, bonuses, and negotiatedvacation time all increased from a yearago. The GBCC had a hand in threeof every four offers. “The pandemichas forced our office to adapt andchange quickly,” says Maggie Tomas,GBCC director. “We’ve been forcedto look at the services we offeredand see how we can be adaptiveto this changing environment.”Speciality Masters students alsoachieved high levels of placement.Ninety-four percent of MSBAstudents and one hundred percentof MS in Finance students wereemployed within three months.A great omen for the future: one hundredpercent of the Class of 2021 MBAsaccepted internship offers last summer.ILLUSTRATION: HARRY CAMPBELLMark SchindeleAll are University of Minnesota alumni,with three being graduates of theCarlson School: Graves and Newinskiearned graduate degrees in theirrespective fields and Schindele has abachelor’s in business administration.“We are thrilled to have such a diversegroup of business leaders join us,”says Carlson School Dean Sri Zaheer.“I am eager to work closely with themand other board members as wemove forward in 2021 and beyond.”The Carlson School’s Board of Advisorsincludes more than 40 senior executivesrepresenting a variety of companiesand organizations across the globe.“We are thrilled to have sucha diverse group of businessleaders join us.” — D E A N S R I Z A H E E R“It’s a great honor for the HolmesCenter and MN Cup to be mentionedin conversations of the best entrepreneurship programs in the country,”says John Stavig, the center’s programdirector. “I’m extremely proud ofthe work we’ve done to shape thelives of so many entrepreneurs.”With its reach, MN Cup also rankedas one of the top 10 universitysponsored collegiate entrepreneurshipcompetitions in the nation by theGeorge Washington University Officeof Innovation and Entrepreneurship.MN Cup is the country’s largeststatewide new-venture competition—supporting and accelerating thedevelopment of breakthrough businessideas across Minnesota. In the 16thannual MN Cup competition, twoUniversity faculty-led startups tookhome top prizes. BlueCube Bio, whichwon first prize, created the first-eversafe, non-toxic means for preservingbiological cells used for cell therapy—amethod that treats diseases such asleukemia and melanoma. The runnerup was Counterflow Technologies,which invented a new type of spraynozzle that operates more efficientlyand may lead to energy savings andreduction of CO2 emissions.TOP:BlueCube Biois developinga new meansfor preservingbiologicalcells used forcell therapy.BOTTOM:A close-up ofCounterFlow’stechnology.Together, they work closely with theCarlson School’s dean and leadershipteam to ensure a highly engagedrelationship with local and nationalbusinesses while providing valuedassistance in seeking both monetary andnon-monetary support from individualsand the corporate community.The group changed its name fromthe Board of Overseers to the Boardof Advisors in December 2020.S P R I N G 2 0 21 C A R L S O N S C H O O L O F M A N A G E M E N T5
3 PEOPLE, 3 QUESTIONSS TA R T- U P N E W STwo Programs ListedAmong Nation’s BestMBANo. 2openingnew careeropportunitiesNo. 4alumni rankingof career servicesand potentialto networkNo. 6in the U.S. forfaculty researchNo. 16in the country forcareer servicesUNDERGRADUATE1 of 10Schools towatch in 20212. What is yourfavorite website?3. W hat is yourdream job?Argonauts by Maggie Nelson.My friends recently started abook club and wanted to startwith a book by a queer author,so we chose this one! Bluetsby Maggie Nelson is one of myfavorite books, so I’m reallyexcited to read what she hasto say in The Argonauts.I spend probably too much of myfree time on Twitter. It’s a greatmix of humor, news, thoughtprovoking commentary, and apersonal blog of sorts. I’m alwaysinterested in what my friends arereading about and laughing at.I love movies, so likely a filmcritic! I’m in my first film classthis semester, and I’m fascinatedby the way movies are ableto communicate so muchabout love, loss, our world, etc.through creative mediums.I just purchased the audioversion of Highway of Tears:A True Story of Racism,Indifference, and the Pursuitof Justice for Missing andMurdered Indigenous Womenand Girls by Jessica McDiarmid.www.creativemarket.com.It’s a resource to bring yourcreative projects to life withmore than three million uniquefonts, graphics, themes, photos,and templates designed byindependent creators aroundthe world. And they have sixfree downloads every Monday!For a realistic position, I wouldsay a chief marketing officerrole. For a position that capturesall my interests but may notcurrently exist, I would say arole that involves and workswithin branding, aesthetics,food, clothing, and events.I am reading Barack Obama’snew memoir, A Promised Land.He is an incredible writer andstoryteller. In this book, hediscusses not just policy decisionmaking during his administration,but he is introspective andthinks critically about thesedecisions’ outcomes. And I’vejust finished reading AimeeNezhukumatathil’s World ofWonders. It uniquely combinesan appreciation for nature withideas about identity and fitting in.The New York Times websiteis my go-to source for variedcategories of content severaltimes a day. From world news& politics to cooking andtechnology, in my opinion,The New York Times offersan unparalleled breadth anddepth of information and ideas.I also listen to the morning TheNew York Times podcast byMichael Barbaro, The Daily.I have it, of course! TheCarlson Analytics Lab and theAnalytics for Good Institute havegiven me the chance to focuson applying the use of dataanalytics to help solve problems.Recently, we’ve been able towork closely on issues that faceresidents in our communitysuch as access to qualityaffordable housing and foodinsecurity. The times in whichwe live make it more importantthan ever to make sure thatbusiness is a force for good.Recent rankings show two of the CarlsonSchool’s programs stand out among peers.The MBA program was again rankedas the number-one graduate businessschool by Military Friendly, anorganization that surveyed thousandsof institutions and assembled lists thatcapture best practices in recruitment andretention of military employees, students,and franchisees. The Carlson Schoolwas awarded for its leading practices,outcomes, and effective programs foractive-duty members and veterans.The MBA program also performed wellamong schools that participated in TheEconomist rankings. The Carlson Schoollanded in the top 10 in the U.S., top 15globally, as well as No. 2 for “openingnew career opportunities,” No. 4 for“alumni ranking of career services,” andNo. 4 for “potential to network” amongU.S. schools. John Byrne of businessschool website Poets&Quants tooknotice, writing that the Carlson School“boast[s] one of the top experientiallearning programs in the world.”Career services and faculty were bothidentified as highlights in the latestFinancial Times’ rankings, too. The schoollanded at No. 6 in the U.S. for facultyresearch and at No. 16 in the country forcareer services in their MBA rankings.Poets&Quants also recognized theCarlson School’s UndergraduateProgram, naming it one of 10 “Schoolsto Watch in 2021.”Poets&Quants wrote of the CarlsonSchool’s Undergraduate Program:“When it comes to immersions, theCarlson School sets the standard.”Global Learning ContinuesDespite the challenges the pandemichas brought to global learning andinternational experiences, the CarlsonSchool, through the Carlson GlobalInstitute (CGI), is still finding ways toconnect students around the world.Since spring 2020, the Carlson Schoolhas not offered students a traditionalstudy abroad experience. Instead, CGIused its longstanding partnershipswith programs around the world tobring a diversity of guest speakersinto students’ virtual classrooms. Thisincludes corporate leaders across theglobe, local nonprofits in Ghana, theIcelandic Honorary Consul, the CandianConsul General, and Cargill sustainabilityexperts in the United Kingdom.“During thisunprecedented time,it really feels likerelationshipsare what is keepingthe globe turning.”— A N N E D ’A N G E L O61. What areyou reading?U N I V E R S I T Y O F M I N N E S O TAILLUSTRATION: MICHAEL AUSTINAmy Ma’21 BSB,Minnesota StudentAssociation (MSA)Student Body President“These types of guest speakerscould only happen because of thestrong partnership we’ve built aroundthe world,” says Anne D’Angelo,assistant dean for global initiatives.“During this unprecedented time,it really feels like relationships arewhat is keeping the globe turning.”The student organization GLOBE, whichpartners Carlson School studentswith international student “buddies”while they’re in the United States, hascontinued its engagement as well.The group has put together a varietyof virtual events, including a virtualescape room, trivia games, dinnermaking parties, and other activities.Brittany Cardinal’23 MBA,Manager, Patient andTranslational Marketingat Be The MatchMany of the flagship internationally relatedprojects are still continuing virtually,such as the Global Business Practicum.“Though it’s not the same as atraditional international experience,we’re so proud that our partnershipsaround the world have continued,”D’Angelo says. “As a key componentto a Carlson School education, we’rethrilled to