IMBA Communique Fall 2009

IMBA insideWelcome .............................2

IMBA Profi les ........................3

IMBA Around the World ........4

Outside the Classroom ...........7

Faculty Update .....................8

Alumni Notes........................9

Engage ..............................11

AIM Update .......................12

A Publication of the IMBA Program

INTERNATIONAL BUSINESS FALL 2009

DANIELS COLLEGE OF BUSINESS UNIVERSITY OF DENVER

2 COMMUNIQUÉ FALL 2009

Welcome!The Summer/Fall 2009 incoming class of graduate IMBA students is an academically gifted group from a wide variety of backgrounds. Join us in welcoming these outstanding individuals as they launch their internationally focused academic careers at the Daniels College of Business.

Alexander Acevedo, Taylor Amason, Nathan Bawden, Colin Bunker, David Isham, Michael Jacobs, Kristen Janssen, Devaki Jordan, Jesse Kajer, Jennifer Lindgren, Sonja Lowe, Crystal Nitta, Ryan Olsen, MacKenzie Roebuck-Walsh, Cory Schaeffler, Jennifer Stanford, Dylan Steele

In addition, we would like to extend our congratulations to the following IMBA alumni who completed their degrees in Fall 2009:

Tyler Beins, Andrea Collatz, Levi Ennis, Dustin Hinkle, Onyekachukwu Ilobi, Jonathon Mihalcin, Sean Paul, Rene Reisshauer, Basil Shah, Rossaporn Songtanin, Troy Stiles, Lauren Swan Carpenter, Sara Thibodeau, Elliot Zismer

The opinions expressed in the International Business Communiqué are those of the writers and do not necessarily represent official positions of the Daniels College of Business or the University of Denver.

Front cover photo by Doug Allen

This December, the countries of the world will convene in Copenhagen to attempt to develop a unified response to the challenge of climate change. Each country’s team will arrive with concerns specific to the area they represent.

Some (countries with industrialized economies, for example) will focus on protecting a level of development already achieved. Others (countries with emerging markets, for example) will want to ensure that their right to continue their economic development is not compromised. Still others (countries with early developing economies, for example) will also be concerned about their ability to continue developing their economies, but may be even more immediately focused on the impact of climate change already experienced—including drought, famine, the dislocation of potentially millions of eco-refugees and, in some cases, underwater submersion of their entire countries. For some, then, the concern will be the anticipated cost to economic growth of proposed actions to combat climate change, while others will focus on the anticipated cost to countries and economies of inaction in combating climate change.

These fundamentally different perspectives make finding common ground all that much more elusive. To be successful in finding a common solution, nations will have to refocus their efforts, spending more time listening to each other and focusing on the common needs of humankind. Increasingly, questions of global ethics and justice are being raised. These questions will need to be given a central role in this discussion, joining the technical and scientific questions as coequally important dimensions of the consultation.

Copenhagen will present the world’s people and its economy with a new level of complexity. While the precise solutions have not yet been developed, it is clear that a powerful focus on sustainability at the global and national levels as well as at the company and individual levels will be crucial to successful enterprise—and perhaps survival—in the coming years.

At Daniels, we continue our commitment to preparing our students for success in this complex environment. Our Daniels Compass curriculum is now in its third year of implementation and continues to focus on values, sustainability, innovation and globalization as they relate to successful leadership. We invite you to help us in this effort. Please share with us your ideas and experience in the field of sustainability. What is working, what is not and what needs to be changed? Your perspective can help us ensure that the Daniels curriculum remains responsive to the business, environmental and societal needs of a global century.

I look forward to hearing from you and to continuing what promises to be a crucial and fascinating conversation about the future of our planet.

With best wishes,

Douglas Allen Director, IMBA and Global Programs Daniels College of Business | University of Denver

A Note from the Director of Global Business Programs


3

IMBA Profiles

Advisory Board Member Dennis Chrisbaum

Mr. Chrisbaum serves as the U.S. Small Business Administration’s (SBA) representative at the U.S. Export Assistance Center

located in Denver, Colorado. In this position, he oversees the SBA’s International Trade Program in the five-state Mountain West region, which includes Colorado, Utah, New Mexico, Arizona and Wyoming.

Mr. Chrisbaum currently serves on the IMBA Advisory Board. In 2005, he accompanied the IMBA-4500 class to Ghana, along with his wife, Nancy, who shot footage for a documentary video about the IMBA program. In 2003, Dennis and a small group of community leaders in Denver established the Colorado-Ghana Children’s Fund, a 501(c)(3) nonprofit organization, which has been sending 35 street children to school each year since that time.

Dennis currently serves on the U.S. Department of Commerce’s Africa-Near East-South Asia (ANESA), Asia-Pacific, and Finance teams, is a past president of the International Business Association of the Rockies, and remains an active member of the World Trade Center in Denver, where he is a frequent speaker.

He lives in Lakewood, Colorado, with his wife, Nancy, who is a documentary filmmaker and screenwriter.

IMBA AlumnusAngela Mutungi, MIM Finance 1999

Angela Mutungi is currently an expatriate based in Europe, where she works as the advisor to the chairman of the board of

directors for the Diners Club card businesses in Italy and Slovenia. In her role, Angela is involved in strategic corporate affairs, M&A initiatives, and also provides audit and internal control assurance, and risk management advice. Prior to this, Angela was a director at Citigroup where she was responsible for strategic risk evaluations of the Diners Club card businesses operating in Europe, the Middle East and Africa, and credit risk management for commercial card brands in North America. Angela obtained her bachelor’s degree from the University of Nairobi in her native country of Kenya. She is fluent in French and Swahili, and also speaks some Croatian. Angela is a mentor at the Daniels College of Business, and also provides financing and risk management advice to start-up businesses in Kenya and South Africa.

Current StudentMarie Ryan, IMBA Candidate 2011

Marie Ryan is currently enrolled in the part-time IMBA program at Daniels. In addition, she works as the associate state director of the

Colorado Small Business Development Network (CSBDC) in the Governor’s Office of Economic Development and International Trade (OEDIT) where she manages a federal grant program that provides counseling and training for small- business entrepreneurs throughout the state.

Marie believes that microfinance, coupled with education, is an optimal way to help bring sustainable economic development and opportunity to the world’s poor. She has traveled to Peru to learn about these concepts and spent 2007 living in Tanzania teaching about HIV/AIDS in a rural village. She hopes to spread awareness about this innovative approach to poverty alleviation and work in this field upon graduation.

Originally from New Jersey, Marie attended Villanova University where she earned a BS in Economics and a bachelor of administration in international business.

IMBA Faculty Chris Hughen

Chris Hughen, CFA, is Associate Professor of Finance at the University of Denver. He regularly teaches graduate courses in security analysis and

international finance. Chris holds a Ph.D. in finance from the University of Missouri, and his specialties include investment performance measurement, GIPS® and international finance.

Chris started his career in finance at Kimberly-Clark, which is a consumer products manufacturer in the Fortune 500. He supported decision-making in the manufacturing operations of their technical paper division through capital budgeting and cost analysis.

Since 2001, Chris has published 13 peer-reviewed research articles in leading finance journals such as the Journal of Financial Research and Financial Management. His research has won awards from the CFP Board of Examiners, Academy of Financial Services and the Daniels College of Business. His current research interests include international investments and investment performance analytics. Dr. Hughen is actively involved in the CFA Institute and previously served as president of the CFA Society of Toledo.


IMBA Around the World

CIAO Returns to China! By Doug Allen

This August, the Daniels IMBA CIAO travel course returned to China for a third time. IMBA candidates traveled to Beijing, Chengdu and Shanghai to visit a variety of local and international businesses, government offices and NGOs. Chinese government precautions regarding the H1N1 pandemic added a new dimension to the trip with daily temperature readings taken of all team members during the first five days of the trip. Luckily, no one tested with a high temperature during the trip and all proceeded according to plan.

In our many visits and briefings, the theme of China’s emerging role as business innovator came through loud and clear. China is viewed by the multinational and Chinese companies we visited as a dynamic and creative environment in which solutions can be found to a variety of product development and sustainability issues. This emerging reputation is attracting the establishment of R&D

response of the Chinese government, the people of China and volunteers from around the world has been impressive, the extent of the tragedy is still quite evident.

In Shanghai, visits to the law offices of Greenberg Traurig, an evening reception sponsored by the IMBA students of Tongji University, and a visit to German autoparts company Brose (hosted by Daniels IMBA ’02 Rob McArthur) were augmented by a new team assignment where each student team was required to set up and carry out at least one team-level business visit as part of a business feasibility study.

Visits to sites of historical, cultural and environmental significance, such as the Great Wall in Beijing, the Panda Research Base in Chengdu and a bike ride in Beijing, helped to fill in additional puzzle pieces as we attempted to understand the complex business and cultural environment in China.

centers and centers of innovation by local and foreign companies alike.

In Beijing, the class participated in briefings by senior executives at world-class R&D facilities belonging to Lenovo and IBM as well as the SoundGroup environmental management company, to name just a few. Daniels MBA ’98 graduate Li Haotian hosted the IMBA team at the Bank of China headquarters where he now serves as a vice president. The visit offered a rare look at the Chinese economic response to the global financial crisis. A wonderful alumni reception was hosted by CCTV with about 25 DU alumni attending! Daniels’ presence in China is definitely growing.

In Chengdu, business visits continued but were augmented with a sobering visit to the area devastated by the May 2008 Sichuan earthquake. While the

Photos by Doug Allen

5


Some trip observations from IMBA participants:

“Twelve days in China was a truly great experience. Company visits not only gave me the idea of doing business in China but also the vision to the world economy. Roaming around Beijing, Shanghai and Chengdu off hours helped me understand Chinese culture and offered time for bonding with classmates. Overall, great food, fantastic places, and a huge impressive journey.” –Rosa Songtanin, IMBA 2009

“For me, the China trip brought the consequences of unsustainable business practices into focus. Between the majesty of the Great Wall and the modernity of the bund, the impact of rapid growth was visible in the environment and the wealth of the people. Whether China will flourish as a world leader depends greatly on its ability to adopt sustainable business practices to curb pollution and build a middle class.” –Alexandra Cervenka, IMBA 2010

“Going to a foreign country you never know what to expect. Whether it’s bird cages filling the bus bathroom or peppers that make your mouth go numb, China is no exception. Even though this was my second trip to China, I still felt like I was experiencing China for the first time. Our schedule was packed and we were often hurried, but there is no other way to fit so much in! The company visits that Doug arranged provided incredible insight on how companies conduct business in China, and the sightseeing was of course fantastic. Combine both of these with an incredible set of people and this was an experience that I will not forget.” –Warren Volz, IMBA 2010

“Traveling to China for the CIAO course has been the highlight of my IMBA education. To begin to understand a country with a massive population of 1.3 billion people that has experienced unprecedented economic growth, I had to see the cities of China with my own eyes. The opportunity to hear from and ask questions of business professionals operating in China was the best way to learn about the country’s business environment. The insights gained and contacts made on the trip went right to the bottom line of my business education.” – Tom Udensky, IMBA 2010



IMBA Students Travel to Croatia By Dave Hopkins

IMBA 4500, Cultural Investigation and Observation (CIAO), is a required course for International MBA (IMBA) students. At the end of the 2009 Spring Quarter, 22 students in the CIAO class visited Croatia for their overseas experience. Before taking this trip, the class focused on analyzing cultural differences and key industries in Croatia. Groups of students investigated four major industries that are vital to the Croatian economy: tourism, wine, shipbuilding, and fishing and fish processing. While they were in Croatia, the students visited companies and organizations involved in each of these major industries. For example, the students visited the Dubrovnik Port Authority for a briefing, and also toured the massive Brodo-Split Shipbuilding facility. CIAO students also received briefings at the American Embassy and at several Croatian government offices. On the bus trip from Zagreb to Split, the class stopped at Plitvice National Park, which was recently rated as one of the top 10 national parks in the world by Conde Nast Traveller magazine. While in Split, the class was able to take a ferry over to the beautiful island of Brac in the Adriatic Sea for a day of outdoor activities and beach time. The students’ time was equally divided between Zagreb (the capital), Split and Dubrovnik.

The assumption underlying CIAO is that one will be more able to fully understand and appreciate

another culture through direct, interactive experiences. The area that is known as Croatia today has been invaded and occupied over the centuries by various groups and conquerors, including Illyrians, Romans, Avars, Goths, Huns, Mongols, The Hapsburgs, Venetians and Napoleon, and finally became part of Tito’s Yugoslavia after World War II. Despite this diversity and rich history, Croatia only recently became a sovereign state, gaining independence in 1991. A rather odd-shaped country, Croatia is perhaps best known for its expansive coastline along the Adriatic Sea, making it one of the hottest new tourist destinations in the world.

Despite the recent Balkan War, which devastated large parts of neighboring Bosnia and Herzegovina, Croatia seems to be thriving. Croatia is now a member of NATO and hopes to be admitted to the European Union soon. The students in the CIAO program greatly enjoyed their visit to Croatia and most of the students would probably agree that this country has bright prospects for the future.

Some trip observations from IMBA participants:

“Not only was the trip to Croatia a learning experience in both culture and business, but it was also a chance to meet similar-minded classmates who may be future colleagues. The bond among our class will serve as a strong international network in the future.” –Lauren Swan Carpenter, IMBA 2010

“Being able to sit at a conference table with industry leaders and learn the challenges, goals, and views of their business in their environment was specifically beneficial for an IMBA student. You come away with a perspective much more comprehensive than just knowledge of the U.S. industry, and are more ready to be a leader in the global environment.” –Julianne Salisbury, IMBA 2010

7

Outside the Classroom

DU Supports Microfinance Industry with Both Investment and Education

While most students learn through books, the Internet and lectures, the 13 graduate students in the class taught by professors Maclyn Clouse, David Cox and Bruce Hutton learn by doing.

The students spent the winter and spring enrolled in “Microfinance and Sustainable Development,” a graduate-level course offered at Daniels. The class focuses on the microfinance industry, which has helped the working poor around

the world launch small businesses and raise their standards of living. But rather than write term papers and study for tests, the students helped Deutsche Bank’s Community Development Finance Group with an important task: performing due diligence on a microfinance institution in which Deutsche Bank was considering making an investment, analyzing the loan request and making a recommendation to Deutsche Bank.

“It was a win-win situation. For the students, it was a great opportunity to do firsthand microfinance due diligence. For us, it was extremely helpful to have a team of smart people pouring over documents, interviewing staff and conducting site visits,” says Caroline Norton, an associate in Deutsche Bank’s Community Development Finance group.

Significantly, the University of Denver has done more than simply teach a course about microfinance.

The university has also supported the industry by investing a portion of its endowment in Deutsche Bank’s Global Commercial Microfinance Consortium, which provides financing for up to five years to microfinance institutions around the globe.

In this way, the school has provided multiple layers of assistance to microfinance institutions: first through investment; second by deploying its students to help Deutsche Bank make an informed investment decision; and third, by grooming a new generation of bankers knowledgeable in the field of microfinance.

“Thanks to Deutsche Bank’s participation, the students have received both hands-on experience and the satisfaction of making a difference in a real-life situation,” says Dr. Clouse. “The fusion of experiential learning and real-world application helped our class feel like we were making a difference in the world. We were excited that our recommendations would soon be used to help fund a successful microfinance institution and provide them with the needed financial tools to help reach the poorest of the poor,” expresses Daniels student Julie Markham.

Through both education and investment, the University of Denver has helped to make it possible for microfinance institutions to improve the living conditions of the self-employed poor, their families, and their communities around the world.


Faculty Update

DU’s Daniels College of Business recently launched its “Daniels Tomorrow” strategic plan, which will guide the college through 2014.

“All top corporations today have detailed strategic and operational long-term business plans to ensure future success and make certain that they are working toward it,” says Daniels Dean Christine Riordan. “It is natural that the Daniels College of Business would do the same. Taking a longer-term perspective will help us determine how to focus our activities and resources to become an even better business school.”

Dean Riordan initiated the strategic planning process in summer 2008, which included numerous meetings with more than 350 faculty, staff, alumni, current students and local business leaders. The planning team charged with coordinating this process developed seven strategic goals that include: delivering exemplary market-relevant programs; engaging in research-driven knowledge creation; strengthening college-wide areas of interdisciplinary collaboration; developing as a community of choice; building financial and resource strength; creating a leading-edge organizational infrastructure; and advancing the school’s reputational capital.

The plan also calls for some key actions to be taken, including the creation of a new position, director of globalization, to coordinate the college’s

global research, outreach, travel opportunities and recruitment efforts. Tom Dowd was hired for this position in September 2009.

As director of globalization, Mr. Dowd is charged with providing the leadership to create, enhance and

embed a global perspective across the Daniels College of Business through curricula, global experiences and student and alumni networks. Working in coordination with Dean Riordan, Mr. Dowd will set

up a globalization committee at Daniels that will develop an enrollment and recruiting strategy for international students; work with the Inclusive Excellence Committee on ways to engage international students in the life of the College and to enhance international students’ contributions to the globalization of the College; facilitate ways in which Daniels students can have a global experience; and review curricula to ensure that globalization is

Daniels Unveils New Strategic Plan and Creates New Director of Globalization Position By Jordan Ames and Tom Dowd

threaded throughout programs. Other areas of responsibility will include creating and maintaining a globalization microsite on the Daniels website; working with various units to establish international student recruiting goals, strategies, marketing and recruitment and placement tactics; implementing global and internationalization training for faculty and staff; and much more.

“I am honored to have a role in assisting in the crafting of a globalization strategy and direction for the College. This sort of policy/coordination role is something I have seen the value of, and have been interested in, for a long time,” comments Dowd, “I feel very fortunate to be able to segue into a new role that builds on the experiences and skills I have been privileged to develop at the University of Notre Dame, the University of Oxford and at the University of Virginia.”

9

Alumni Notes

Zandaakhuu Enkhbold IMBA 2004

Upon graduation, Zandaakhuu returned to his home country of Mongolia to run for a seat in the Mongolian Parliament. Although he was elected in June 2004, his incumbent opponent did not agree with

the election outcome and went to court to dispute it. After 15 months of court battle, the Supreme Court of Mongolia ruled that Zandaakhuu had in fact won the election in his district. In the 2008 parliamentary election, he was re-elected for his second term. He currently serves as the chairman of the Standing Committee on Security and Foreign Policy where he focuses mainly on civilian control of armed forces, security agencies and relations with foreign countries. As a representative of the voters in his district, he works hard to better represent them on broad issues, particularly fighting poverty and unemployment, helping small business and developing roads and schools.

Zac Ryon MIM, MBA, JD 1997

While at DU, Zac had the pleasure to work with Dave Hopkins as his graduate assistant for several quarters when he started the Communiqué and created a collection of graduates’

resumes that was distributed to international companies. He was also active with the International Business Students Association and founded the DU chapter of Toastmasters. Since graduating DU in 1997 with an MIM, MBA and JD, Zac has completed Ph.D. coursework, taught a variety of courses at the University of Colorado-Denver, Metro State College of Denver and Front Range Community College. For the past seven years, Zac has worked as a consultant with not-for-profit organizations implementing new financial accounting, donor management and grant management systems. This past year, his work has taken him several times to Australia, Europe and Africa. Zac and his husband, Mike Abel (MBA 2000), currently live in Munich, Germany, where they continue their consulting careers.

Wesley Haselhorst IMBA 2005

After earning an IMBA with a concentration in finance, Wesley took a job as an executive analyst with a management consulting firm analyzing small to mid-sized companies. At the same time,

he was also finalizing some of his business interests in Bosnia. Two years later, he started doing some consulting on a retainer basis for a few small start-ups on the Front Range, and as the economy started to slow, his eyes once again looked for opportunities abroad. He is currently in Baghdad, Iraq, after 6 months in Kandahar, Afghanistan, working a contract job and moonlighting for the University of Maryland as a lector. He is currently writing a book about his business adventures abroad while helping our men and women in uniform get an education to make their transition back into the civilian world much easier.


Heidi Schaler IMBA 2007

After graduating from Daniels, Heidi returned to Washington, DC, to join the American University of Afghanistan (AUAF). AUAF is Afghanistan’s only private, not-for-profit, co-educational and non-sectarian institution

of higher learning. The university strives to educate future leaders of Afghanistan during this pivotal time in the country’s future. Heidi has used the tools she gained from Daniels to open a fully staffed office near the White House. In addition, she has significantly increased fundraising efforts as well as awareness about the school. To further collaborative learning, Heidi has introduced a partnership with DU to create an undergraduate leadership course at AUAF to mirror the prestigious Pioneer Leadership Program at DU. In this effort, she hopes that AUAF students in Kabul will be learning in partnership with DU students via video conference by 2010.

A Colorado native, Heidi misses the Rocky Mountains and looks forward to visiting her family in Denver with her fiancé during the upcoming ski season.

Peter Ostapiuk MIM 1991

Peter has been building his career in media, telecommunication and satellite industry for past 15 years. He has worked for Echostar International and Scientific-Atlanta in various international and domestic sales management roles, including a

five-year stretch as an expatriate in The Netherlands and the United Kingdom. Living, working and traveling overseas was a great experience and fulfilled his career aspirations after graduation. About a year ago, Intelsat, Ltd. appointed Peter as the company’s regional vice president, North America Cable and Emerging Media, responsible for managing Intelsat’s satellite services sales for the North American cable television programmers, cable and DTH operators, and emerging nontraditional IP based media markets. Peter continues to use his international business skills gained at DU as many of his customers such as Turner Broadcasting, Discovery, MTV and Disney are true international companies with operations across the globe. Peter finds his career in sales rewarding as it requires broad experience across different business functions. “You may find yourself on any day negotiating complex legal contracts, analyzing a customer’s financial risk, evaluating video transmission technology for your service offering or managing people on the sales team.”

Wan Nur Ibtisam Wan Ismail IMBA 2005

After graduating in 2005, Wan worked with Malaysia’s Ministry of Women, Family and Community Development (MWFCD) to address issues confronting women to enable them to realize their full potential and participate more

effectively as partners in development. Toward this end, she was responsible for reviewing legal and institutional constraints in order to promote women’s active involvement as well as contribute to their further advancement. With her international training, she has represented the Government of Malaysia for the United Nations Commission on the Status of Women and the United Nations Commission on Population and Development in New York. She was awarded a British Chevening Fellowship in 2007 and spent three months in University College of London attending a course on gender, social justice and citizenship. In 2008, she was promoted to head the planning and research unit for gender development issues. The knowledge and experience she gained from DU has facilitated her tasks in addressing issues confronting gender equality in Malaysia as well as at international forums. Currently, she is doing her Ph.D. program in the field of public policy at University of Malaya, Malaysia, under a Federal Training Scholarship Award.

Alumni Notes

11

Reconnect: Update Your ProfileLost touch? Register or update your profile on the DU alumni online directory using the following instructions.

1. Visit alumniconnections.com/du and select “Register Now!”

2. Enter your last name, first name and select“Find my record.”

3. Find your name, click on it, then enter yourDU ID number.

4. If you don’t have your DU ID number,contact Erin Chalmers at 303.871.4750 or [email protected] to obtain it.

5. Once registered, you will be able to modifyor add to your profile and contact information at your convenience.

Stay in TouchIMBA alumni move around a lot and that makes keeping track of former students difficult for Daniels staff. In an effort to keep our contact and mailing lists up-to-date, we encourage you to let the Global Business Programs staff know where you are and where you’re going. Also, you may often be the best source of information about your fellow alums, so encourage your friends and classmates to stay in touch as well. Please contact Leslie Carter at [email protected] to update your contact information.

Engage

IMBA Communiqué Now OnlineCommuniqué is now available online. Visit: daniels.du.edu/IMBAnews

Upcoming FeaturesWatch for the Spring 2010 edition of IMBA Communiqué featuring a report on international trips and new Alumni Notes.

Calling for Alumni NotesNew career, new promotion, new spouse? We want to know. Send an alumni update of 200 words or less along with a photo and we will feature it in a future issue of IMBA Communiqué. Please forward details to Leslie Carter at [email protected].

This fall, the Association of International Management worked to engage students and reconnect with the alumni and board. Toward this end, we participated in the international student orientation and continued the buddy program. Alexander Ridder and Jared Doi co-chair the buddy program and paired 21 new international students with five continuing Daniels students. Our first event of the year, “EIU: Global Outlook,” featured Economist Intelligence Unit Senior Economist Leila Butt. Students from both Daniels and the Korbel School of International Studies attended the session.*

Throughout the fall, AIM continued its efforts by hosting a Fall Welcome Reception greeting new students and the new director of globalization, Tom Dowd, at the International House on DU’s campus. Additionally, AIM will host a Thanksgiving event that will take place at the close of the fall quarter. For the Winter and Spring quarters AIM will continue its mission of building meaningful relationships that foster intercultural competence within the Denver business community through an international career fair and more guest speakers!

AIM is focused on facilitating interaction between international and domestic students at Daniels, alumni and the Denver international business community.

* A special thanks to Alexander Ridder for organizing the event and taking a lead during orientation!

AIM Update

90.124.1109

Inte

rnat

iona

l Bus

ines

s Pro

gram

sSu

ite 4

7921

01 S

. Uni

vers

ity B

lvd.

Den

ver,

CO

802

08-8

941

Add

ress

Ser

vice

Req

ueste

d

Prin

ted

on re

cycl

ed p

aper

, usin

g so

lar

pow

er a

nd s

oy in

ks.

Plea

se r

ecyc

le.

Documents

IMBA Communique Fall 2009