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Accounting forecasting aims to prevent surprises, but according to keynote speaker Kenneth Posner, it often falls short, as seen in the 2007 subprime crash. Speaking at the 2010 Center for Accounting Research and Education Conference, Posner emphasized that these unpredictable "black swan" events highlight inadequacies in forecasting methods. He argued that overcoming these challenges requires human judgment and adaptability rather than solely relying on technology.
Alumni Community
m Mendoza that sealed the deal for me," says Walley. Reflecting on her time with Coach McGraw, she recalls practices that fostered growth and camaraderie among players, helping them build resilience. Each former player shares their journey, emphasizing how McGraw's leadership and support played a significant role in shaping their personal and professional lives. The impact of their experiences continues to resonate, highlighting the lasting influence of Coach McGraw on her players.
Mendoza News
A new study by Notre Dame finance professors Tim Loughran and Bill McDonald reveals that certain phrases in public companies' 10-K filings can signal potential trouble. Analyzing over 50,000 filings from 1994 to 2008, the researchers identified 13 "red flag" phrases that correlate with issues such as lower stock returns, increased analyst disagreement, and a higher chance of fraud allegations. Their findings suggest that while these phrases may indicate small effects, they can have significant implications for traders and investors looking to navigate the complexities of financial disclosures.
Class Notes
Sean Brynjelsen has stepped into a new role as vice president of New Business Development and R&D at Akorn Inc., while Noreen Kazi has been promoted to financial analysis officer at 1st Source Bank. Other updates include Justin Oldham becoming a financial consultant at Hassan, Oldham Investment Group, and Brenda Harmon being appointed senior vice president of Global Human Resources and Communication at Cooper Tire & Rubber Co. Additionally, various alumni have taken on significant roles in diverse fields, from marketing at Honeywell to launching new businesses and improving educational services.
Mendoza News
MBA student Hilarree Wong traveled to San Francisco for a unique recruiting event that brought together six business schools and 28 West Coast companies offering over 60 full-time positions and summer internships. Organizers aimed to connect students with employers more effectively, especially amid a challenging job market where many graduates are still seeking work. Wong, who has focused on finance during her program, was exploring various roles, including financial analyst and project management, while actively pursuing opportunities with notable companies like Google and Disney. As graduation approached, she and her peers were determinedly working to secure positions in a competitive landscape.
Mendoza Profiles
Internet entrepreneur Emerson Spartz, known for his Harry Potter fan site MuggleNet.com, is evolving his mission to foster hope in a cynical world with his new project, GivesMeHope.com. This platform invites people to share uplifting one-paragraph stories that celebrate moments of courage, love, and self-sacrifice, countering the pervasive negativity in society. Spartz reflects on how his success with MuggleNet stemmed from harnessing community engagement, a principle he continues to embrace in his latest venture.
First Person
A series of poignant moments captures the beauty of human kindness and resilience. From a joyful man embracing life at a grocery store to a pregnant woman bravely defending a protester, each story reflects acts of compassion in challenging circumstances. These narratives offer hope, celebrating both personal triumphs and the support we find in unexpected places.
Mendoza News
Scott James (MBA '99) embodies a commitment to human rights in both his personal and professional life. As the founder of Fair Trade Sports, he combines his passion for fair trade with education, teaching MBA students about the complexities of the Fair Trade movement, including the importance of proper certification and the challenges posed by competing industry interests. Students like Matt Collins are inspired by these lessons, emphasizing the need to balance ethical practices with sustainable business strategies as they prepare for their futures in socially responsible entrepreneurship.
Mendoza News
The Stayer Center for Executive Education will soon become a key asset for the Mendoza College of Business, combining a classic Collegiate Gothic exterior with a modern interior designed for learning and collaboration. This 54,000 square-foot facility will feature versatile spaces including classrooms, breakout rooms, and an executive lounge, promoting an engaging environment for leaders and working professionals. Groundbreaking is tentatively set for fall 2010, with hopes for completion by spring 2012, depending on funding.
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The Mendoza College of Business at Notre Dame introduces a new required course for juniors, Foresight in Business and Society, which encourages students to apply their business knowledge to anticipate and address future challenges. This course emphasizes critical thinking and provides students with tools to assess major societal issues like poverty and healthcare. Through group research projects on diverse topics, students learn how organizations can leverage foresight to create positive change and seize future opportunities.