is the Only Constant Disruption Disruption - The Paul Merage School ...

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New Certificate Program Helps Users Leverage Big Data. Disrupting the $3 ...... insight into leveraging data and data an
Merage STRATEGIC INNOVATION AT WORK

2015/2016 | ISSUE NO 9

Disruption is the Only Constant

INSIDE:

4 Sharing the Wealth: Disruption in Wealth Management Advising Could Benefit the Masses 12 Ripe for Disruption 18 Disrupting the $3 Trillion Health Care Industry 24 Do As I Say, Not As I Do: Old Saying Proves Relevant When It Comes to Smoking

Stay Ahead of the Curve Executive Education Gives Global Business Leaders a Strategic, Competitive Advantage The Office of Executive Education at UC Irvine’s Paul Merage School of Business enables managers and executives to compete more effectively in the global economy through: qOpen enrollment certificate programs for individuals, offering cutting-edge content, practical tools, opportunities to network Learn about topics in management, business and leadership, including: q4USBUFHJDMFBEFSTIJQJOBEJTSVQUJWFFOWJSPONFOU q%FDJTJPONBLJOHJOUJNFTPGVODFSUBJOUZ q)BSOFTTJOHoCJHEBUBpGPSDPNQFUJUJWFBEWBOUBHF q*OUFSOBUJPOBMOFHPUJBUJPOTBOEPQFOJOHOFXNBSLFUT qCustom programs offering organizations the opportunity to focus on addressing key strategic business issues and leadership development q8PSMESFOPXOFEGBDVMUZ q3FBMXPSMEFYQFSUT q$MJFOUEJSFDUFE QFSTPOBMJ[FEQSPHSBNNJOH qInternational programs fostering the exchange of ideas between industries and countries q$VCB#VTJOFTT1SBDUJDFT&EVDBUJPOUSBWFMUP$VCBUPNFFUXJUICVTJOFTTMFBEFST and explore this fascinating country q"TJBO#VTJOFTT1SBDUJDFT1SPHSBNTEFTJHOFEUPJOUSPEVDFUIFDVMUVSFBOE business practices of China and Korea q&VSPQFBO#VTJOFTT1SBDUJDFT7JTJUUIFIFBSUPG&VSPQF BOEFYQMPSFUIFCVTJOFTT DMJNBUFJO4XJU[FSMBOEBOE'SBODF

“The Certificate in Leadership in Healthcare Transformation program better prepared me for success in the evolving healthcare environment. The professors and professional experts were phenomenal. The interaction with seasoned colleagues in my industry greatly enhanced my learning inside and outside of the classroom. The experience was extremely rewarding.” Kim L. Mikes, BSN, RN, CNOR, Executive Nursing Director/Operations Director | Women’s Health Institute, Hoag Memorial Hospital Presbyterian

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Merage

28

2015/2016 | ISSUE NO 9

34

3 Dean’s Message: )BSOFTTJOHUIF1PXFSPG%JTSVQUJPO

INNOVATION 4 Sharing the Wealth: Disruption in Wealth Management Advising Could Benefit the Masses 9 8IFSF8JMM:PV#FJO5XP:FBST 5FO 5XFOUZ 12 Ripe for Disruption 15 Big Data: Understanding the Path to Purchase

BEYOND THE CLASSROOM 16 Microsemi Leadership Academy Execs Practice What They Teach

FACULTY INSIGHTS 28 "-FBEFS3FNFNCFSFEs-ZNBO81PSUFS 1I% 30 Research Summaries 32 'BDVMUZJOUIF/FXT

17 /FX$FSUJåDBUF1SPHSBN)FMQT6TFST-FWFSBHF#JH%BUB 18 Disrupting the $3 Trillion Health Care Industry

COLLABORATION

20 -*'&WFTU%JTSVQUTUIF1PWFSUZ$ZDMF

34 (SBOE0QFOJOHPG/FX#VJMEJOHBU5IF1BVM.FSBHF School of Business

22 Center for Global Leadership Mentor and Protégé of the Year

35 /FX#VTJOFTT4DIPPM#VJMEJOHLEEDing the Way

23 Center for Global Leadership Disrupted

ALUMNI NEWS STUDENTS AND PROGRAMS 24 Do As I Say, Not As I Do: Old Saying Proves Relevant When It Comes to Smoking 26 Program Updates

36 Alumni Businesses 38 Social Responsibility 42 Reunion 2015 43 Class Notes

Merage 2015/2016 | 1

Merage Managing Editor ,BUIMFFO%SBLF

Editor-In-Chief Anne Warde

Orange County’s World-Class

Business Education „ „ „ „ „ „ „ „ „ „

No. 1 for Women Faculty in the World (Financial Times, MBA 2015) Top 5 in California for Fully Employed MBA (U.S. News & World Report, 2016) No. 7 in the U.S. for Salary Percentage Increase (Financial Times, MBA 2015) No. 14 in the U.S. for Full-time MBA, Recruiters Survey (Bloomberg Businessweek, 2014) No. 21 in the U.S. for Full-time MBA and No. 7 among public universities (Financial Times, MBA 2015) No. 21 Faculty Intellectual Capital (Bloomberg Businessweek, 2014) No. 22 among U.S. public undergraduate business programs (U.S. News & World Report, 2016) No. 25 in the U.S. for Executive MBA programs (U.S. News & World Report, 2013) No. 29 in the World for Faculty Research (Financial Times, MBA 2015) Top 30 Health Care Executive MBA (a leading healthcare publication, 2015)

Creative Director Maureen Bresse

Contributing Designers 'SFE%BWJT +FTTF)PQLJOTBOE)PMMZ5SBO

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ATTRACTING OUTSTANDING UNDERGRADUATES: „ More than 10,000 applicants for 150 spots „ Consistently among the highest average SAT scores and entering GPAs at UC Irvine „0OFPGUIFIJHIFTUåSTUZFBSSFUFOUJPOSBUFTBNPOHBMM4DIPPMTBU6$*SWJOF „"WFSBHF(1"GPSUIFJODPNJOH'BMMDMBTT WORLDWIDE ADVISORY BOARD: Executive involvement from more than 100 global companies, including: „#BOLPG"NFSJDB „1BSLFS"FSPTQBDF „&EXBSET-JGFTDJFODFT „1SJDFXBUFSIPVTF$PPQFST „ Emulex „ Qualcomm „ KPMG „ Sage „.B[EB/PSUI"NFSJDB0QFSBUJPOT „ Thales USA „ McGladrey „8FMMT'BSHP „ Microsemi Corporation „ Yamaha Corporation of America SEVEN CENTERS OF EXCELLENCE WITH FIRST-CLASS CONNECTIONS TO THE BUSINESS COMMUNITY: „ Beall Center for Innovation and Entrepreneurship „ Center for Digital Transformation „ Center for Global Leadership „ Center for Health Care Management and Policy „ Center for Investment and Wealth Management „ Center for Real Estate „6$*-POH64$IJOB*OTUJUVUF

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DEAN’S MESSAGE

Harne H nessing tth he Pow h wer of D uption Disru

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In this edition of MerageNBHB[JOF XFFYBNJOFBWBSJFUZ PGJOEVTUSJFTBOEUIFEJTSVQUJPOUIFZnWFFYQFSJFODFE8F bring together faculty and industry experts to speculate POUIFGVUVSF"OE XFJMMVTUSBUFIPXXFBSFDPOOFDUJOHPVS DIBOHJOHXPSMEXJUIUIFFEVDBUJPOPVSTDIPPMQSPWJEFTUP JOæVFODFUIFOFYUHFOFSBUJPOPGMFBEFST Disruption in business is fast becoming the norm, and it UBLFTNBOZGPSNT*OFEVDBUJPO UIFSFnTEJTSVQUJPOJOUIF classroom: The Merage School is experiencing this in the GPSNPGæJQQFEDMBTTFT OFXPOMJOFCVTJOFTTNJOPSTBOE æFYJCMFPOMJOFDPSFDPVSTFPGGFSJOHT8FnSFMBVODIJOHOFX JOJUJBUJWFTBJNFEBUFYQBOEJOHPVSHMPCBMGPPUQSJOU8FnSF QBSUOFSJOHXJUIVOJWFSTJUJFTBOEPUIFSFOUJUJFT JODMVEJOHUIF 6OJUFE/BUJPOT UPCVJMESFMBUJPOTIJQTBSPVOEUIFHMPCF0VS 0GåDFPG&YFDVUJWF&EVDBUJPOJTCVJMEJOHJOUFSOBUJPOBMDVTUPN USBJOJOHNPEVMFTBOEIBTJOUSPEVDFEBOFX$FSUJåDBUF JO#VTJOFTT%BUB"OBMZUJDT BMPOHXJUIBTQFDJBMJ[FE FOUSFQSFOFVSTIJQQSPHSBNEFTJHOFEGPSWFUFSBOT 8FnSFFYQFSJFODJOHEJTSVQUJPOJOPVSFWFSZEBZMJWFT/FX UFDIOPMPHJFTSFDFOUMZJOUSPEVDFEIBWFDIBOHFEUIFXBZ XFTIPQGPSQSPEVDUT NPOJUPSPVSIFBMUIBOEDPOEVDUPVS CBOLJOH*OUFSFTUJOHMZFOPVHI NPTUPGUPEBZnTEJTSVQUJPOMJFT JOUIFQBMNTPGPVSIBOET.PCJMFJTUIFGVUVSF8FIBWFNPSF QPXFSJOPVSNPCJMFQIPOFTUPEBZUIBOXFIBEJONBJOGSBNF DPNQVUFSTZTUFNTPGUIFQBTU8FDBOEPNPSFXJUIBUPVDI PGBåOHFSUIBOXFDPVMEIBWFFWFSJNBHJOFE"OE UIFSFnT NVDINPSFUPDPNF That said, the old saying that change is the only constant, QSPCBCMZOFFETUPCFVQEBUFEo%JTSVQUJPOJTUIFPOMZ DPOTUBOUpNBZCFNPSFBDDVSBUF#ZFNCSBDJOHEJTSVQUJPO  PVSTDIPPM PVSCVTJOFTTFTBOEPVSXPSMEXJMMUISJWF

&SJD34QBOHFOCFSH & J 3 4 C %FBOBOE1SPGFTTPSPG.BSLFUJOH The Paul Merage School of Business

Merage 2015/2016 | 3

Sharing the Disruption in Wealth Management Advising Could Benefit the Masses By Anne Warde

4 | experience INNOVATION

INNOVATION

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Merage 2015/2016 | 5

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6 | experience INNOVATION

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INNOVATION

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8 | experience INNOVATION

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“Say yes before you say no” Gina Lee, FTMBA ’15, Associate Marketing Manager, Mattel Inc.  5BLJOHPOBNBSLFUJOHJOUFSOTIJQ XJUIB'PSUVOFDPNQBOZ XIFOZPVIBWFOPQSJPSNBSLFUJOH experience might seem daunting, CVU(JOB-FFXBOUFEUPMFBWF no stones unturned in her career TFBSDI'PSUIFGPSNFSBFSPTQBDF CVZFS HFUUJOHSFBMXPSMEFYQPTVSF XBTFTTFOUJBMUPEJTDPWFSJOHUIFSJHIUDBSFFSQBUIo*XBT FYDJUFEUPCFMJLFBTQPOHFBOETPBLVQBTNVDINBSLFUJOH LOPXMFEHFBT*DPVME pTIFTBZT5IFQSPEVDUNBSLFUJOH internship at Toyota North America she secured through the Merage School MBA Career Center gave Lee the experience TIFTPVHIU QMVTBMPUNPSFo*UIFMQFENFDPOåSNUIBU* MPWFCFJOHBNBSLFUFSBOECFJOHQBSUPGBDPNQBOZXIPTF QSPEVDUTIBWFBHMPCBMJNQBDUp -FFDSFEJUTUIF$BSFFS$FOUFSXJUIJOUSPEVDJOHIFSUPNBOZ EJWFSTFDBSFFSQBUITBOEIFMQJOHIFS[FSPJOPONBSLFUJOH %VSJOHIFSåSTUNPOUIJOUIF'VMM5JNF.#"QSPHSBN -FF CFHBOTJUUJOHJOPOo%BZJOUIF-JGFpFWFOUTXIFSFTQFBLFST EJTDVTTFEUIFJSDBSFFSTJOPQFSBUJPOT NBSLFUJOH åOBODF  BOEDPOTVMUJOHo5IFFWFOUTHBWFNFBOJOTJHIUGVMHMJNQTF into each career and helped me envision myself in those SPMFT6MUJNBUFMZ JUHBWFNFUIFJOJUJBMQVTIJOUIFEJSFDUJPOPG NBSLFUJOH TJODFUIJTDBSFFSQBUISFBMMZSFTPOBUFEXJUINFp -FFBMTPBUUFOEFEo%BZPOUIF+PCpFWFOUTBU5PZPUBBOE .BUUFMo*XBTBCMFUPOFUXPSLXJUINBSLFUJOHNBOBHFSTBOE CFUUFSVOEFSTUBOEIPXUIFJSDPNQBOJFTPQFSBUFE*UHBWFNF

Merage School grads discuss the MBA Career Center and how it helped them map out career paths, develop career resiliency and—oh yes—nab that dream job.

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Career goals: from “vague understanding” to finding an “exact match” Joe Gaggero, FTMBA ’12, CrossLeader, McChrystal Group, LLC 'PSBXIJMF +PF(BHHFSPUIPVHIUIJTGVUVSFNJHIUCFJOXJOF o*XBTJOUFSFTUFEJOTBMFT BOENZGBNJMZIBEBMXBZTCFFOBWJE XJOFFOUIVTJBTUT8IFOUIFPQQPSUVOJUZDBNFVQUPKPJO&+ (BMMPnTNBOBHFNFOUEFWFMPQNFOUQSPHSBN *KVNQFEBUJUp (BHHFSPTBZTIFMFBSOFENVDI CVUBGUFSBGFXZFBSTSFBMJ[FE JUXBTOnURVJUFUIFSJHIUåU8IFO(BHHFSPMBUFSFOUFSFEUIF Merage School, he really didn’t have a clear idea about his career USBKFDUPSZo*XBTJOUFSFTUFEJOMFBEFSTIJQBOEFOKPZFENBOBHJOH UFBNT)PXFWFS *EJEOPULOPXIPXUIPTFJOUFSFTUTXPVME NBOJGFTUUIFNTFMWFTJOUIFOFYUQIBTFPGNZDBSFFSKPVSOFZp (BHHFSPFOSPMMFEJOUIF$BSFFS7JTJPOJOHQSPHSBNo#FJOH DIBMMFOHFEUPSFæFDUPOQFSTPOBMJUZUSBJUTBOECFIBWJPSBM UFOEFODJFTSFBMMZIFMQFENFVOEFSTUBOEXIZ*MJLFEDFSUBJO Merage 2015/2016 | 9

INNOVATION QBSUTPGNZQSFWJPVTKPCT BOE XIZ*EJEOnUBQQSFDJBUFPUIFST pIF TBZT5IFOFYUTUFQTXFSFNPDL JOUFSWJFXT NPTUOPUBCMZXJUI+BOFU Clardy, vice president of human SFTPVSDFTBU&YQFSJBOo*UXBTBO JODSFEJCMFDPOWFSTBUJPO pIFSFDBMMT o*UPMEIFSBCPVUUIFDVSSFOUDBSFFS QBUIT*XBTDPOTJEFSJOH BOETIFEPWFEFFQFSJOUPTPNFPG my personality traits and interests, and began describing PSHBOJ[BUJPOBMEFWFMPQNFOUUPNF*IBEOFWFSIFBSENVDI BCPVUJU TPJUXBTBWFSZFOMJHIUFOJOHDPOWFSTBUJPOp (BHHFSPBMTPOPUFToDPVOUMFTTNFFUJOHTBOEDPOWFSTBUJPOTp XJUIUIF$BSFFS$FOUFSTUBGGo.ZDBSFFSBEWJTPSBMXBZT TFFNFEPOFTUFQBIFBEJOOBWJHBUJOHUIFQSPDFTT4IFIFMQFE NFVOEFSTUBOEUIFmXIZnCFIJOENZJOUFSFTUTBOEIPXUIFZ BSFSFæFDUFEJONZDBSFFSQBUIp )FTBZTUIFQSPDFTTIFMQFEIJNTFFIPXIFNJHIUMFWFSBHF IJTTUSFOHUITGPSWBSJPVTDBSFFSTBOEXIBUIFTUJMMOFFEFEUP MFBSO o*XFOUGSPNBWBHVFVOEFSTUBOEJOHPGNZJOUFSFTUTUP LOPXJOHUIBU*XBOUFEUPHFUJOUPPSHBOJ[BUJPOBMEFWFMPQNFOU DPOTVMUJOH%VSJOHUIFQSPDFTT *MPPLFEJOUPTFWFSBMPUIFS careers and companies that had aspects of this space but EJEOnUFODBQTVMBUFBMMPGNZJOUFSFTUT#FUXFFOUIFXPSLTIPQT  BMVNOJJOUFSWJFXTBOENFFUJOHTXJUINZDBSFFSBEWJTPS NZ QBUICFDBNFDMFBSFSBOE*GFMUWFSZDPOåEFOUJONZEJSFDUJPOp "GUFSHSBEVBUJPO (BHHFSPXPSLFEGPS%FMPJUUF$POTVMUJOH CFGPSFKPJOJOH.D$ISZTUBM(SPVQo.D$ISZTUBM(SPVQJT the exact match of the career interests and goals that I FTUBCMJTIFEBUUIF.FSBHF4DIPPM.ZQBUIBGUFSHSBEVBUJPO NJSSPSFEXIBUNZBEWJTPS/BO4UPUIBSEBOE*IBEMBJEPVU EVSJOHUIFQSPHSBN4IFQSFQBSFENFWFSZXFMMBOEIBEUIF experience and insights to map the path for me to achieve my HPBMTBOEFBSOBKPCUIBUJTWFSZGVMåMMJOHp

Pay it forward with networking Carrie Zhao FEMBA ’15, Management Consultant, Accenture Consulting 'PS$BSSJF;IBP UIFSFXBTOPRVFTUJPOUIBUNBOBHFNFOU DPOTVMUJOHXBTUIFSJHIUDBSFFSGPS IFS"GUFSXPSLJOHBU'PSUVOF companies and startups for six ZFBST TIFCSBODIFEPVUPOIFSPXO BTBTFMGFNQMPZFEDPOTVMUBOUo* MPWFEDPOTVMUJOHBOELOFXUIBU* XBOUFEUPKPJOPOFPGUIFCFTUCJH åSNTMBUFSJONZDBSFFS pTIFTBZT

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“Introspection does not happen overnight” Meredith Johnson, FEMBA ’15, Strategy Analyst, Edwards Lifesciences *UXBTOnUVOUJMIFSTFDPOEZFBSBU the Merage School that Meredith +PIOTPOCFHBOUIJOLJOHNPSF TFSJPVTMZBCPVUIFSDBSFFSQMBOT With an undergraduate degree in biomedical engineering, the '&.#"TUVEFOUIBEXPSLFEJO RVBMJUZFOHJOFFSJOHBOEXBTSFBEZ GPSBDIBOHF4IFCFHBOBUUFOEJOH.#"$BSFFS$FOUFS XPSLTIPQTBOEJOGPSNBUJPOBMJOUFSWJFXTo*EJTDPWFSFEUIBU* could more easily transition into a business role through an BOBMZTUQPTJUJPO pTIFTBZTo5IJTXPVMEBMMPXNFUPVUJMJ[FNZ OFXMZBDRVJSFE.#"GSBNFXPSLXIJMFMFWFSBHJOHNZBOBMZUJDBM UIJOLJOHTLJMMTp 4IFBMTPHBJOFETPNFJOUBOHJCMFTo*IBWFMFBSOFEUIBUZPV NVTUCFDPOåEFOUUPTFMMZPVSTFMGFWFOXIFOZPVEPOnUIBWF UIFEJSFDUFYQFSJFODFUIBUnTJOUIFKPCEFTDSJQUJPO:PVDBO ESBXQBSBMMFMTUPQSFWJPVTXPSLZPVIBWFEPOFBOEPGGFS FYBNQMFTPGUJNFTZPVXFSFBCMFUPDPNFVQUPTQFFEXJUIPVU QSFWJPVTUSBJOJOHp +PIOTPOSFDPNNFOETUIBU.FSBHF4DIPPMTUVEFOUTCFHJO UIFJSDBSFFSQMBOOJOHFBSMZo%POnUXBJUVOUJMUIFXPSLTIPQTBSF SFRVJSFEUPBUUFOEUIFDBSFFSGBJST -PPLBUUIFDVSSFOUTUVEFOU BOEBMVNOJMJTUJOHUPDPOUBDUQFPQMFXIPIBWFQPTJUJPOTUIBU JOUFSFTUZPV PSXPSLBUDPNQBOJFTPGJOUFSFTUBOETFUVQ JOGPSNBUJPOBMJOUFSWJFXTUPMFBSONPSFp4IFOPUFTUIBUXIJMF the MBA Career Center offers a variety of programs and TVQQPSU JUnTVQUPTUVEFOUTUPUBLFUIFJOJUJBUJWFo6MUJNBUFMZ  ZPVSDBSFFSQBUIJTVQUPZPV*UUBLFTUJNFBOEFGGPSUUPQMBO ZPVSHPBMTBOEUBLFTUFQTUPBDIJFWFUIFN*OUSPTQFDUJPOEPFT OPUIBQQFOPWFSOJHIUp

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10 | experience INNOVATION

Ten things the MBA Career Center can do for you Graduates who take advantage of all the resources in the Career Center “don’t just find incredible jobs,” says Tom Kozicki, executive director of the MBA Career Center, “they define the course of their careers. We’re building career resiliency,” he says. “We provide outstanding coaching and training so graduates are empowered to successfully manage their careers, and continue to make the right decisions as they go forward in achieving their goals.” Here are ten ways the MBA Career Center can help students: 1 | Career Visioning 5IJOLZPVnSFBMSFBEZQSFUUZTFMGBXBSF 5IF$BSFFS7JTJPOJOH QSPHSBNVTFTQPXFSGVMBTTFTTNFOUUPPMTUPIFMQZPV VOEFSTUBOEXIZZPVnSFTVJUFEUPDFSUBJODBSFFSBSFBT*UnT the career launching point for all Merage School graduate TUVEFOUT XIFSFZPVnMMHFUDMBSJåDBUJPOBOETVQQPSUPOZPVS DBSFFSPCKFDUJWFTBOEFWFOEJTDPWFSOFXBSFBTUPQVSTVF

7 | An active, connected network of hiring professionals and alumni 5IFTUBGGDBODPOOFDUZPVXJUIBWBTUOVNCFSPGBMVNOJ XIPBSFIBQQZUPHJWFCBDLCZIFMQJOHTUVEFOUTJONPDL JOUFSWJFXTBOEDPOOFDUJOHUIFNUISPVHIOFUXPSLJOHFWFOUT BOENPSF

8 | Robust workshops and seminars 2 | Gap analysis Once you discern a career direction, gap analysis helps you EFUFSNJOFFYBDUMZXIBUTLJMMTBOEFYQFSJFODFZPVOFFEUP HFUUIFSF

3 | The five-year plan ,P[JDLJTBZTJUnTUPPSJTLZGPS.#"TUVEFOUTUPHSBEVBUF XJUIPVUEFåOFEDBSFFSHPBMT"MM.FSBHF4DIPPMHSBEVBUF TUVEFOUTXPSLXJUIUIF$BSFFS$FOUFSTUBGGUPEFWFMPQ BåWFZFBSDBSFFSQMBOCBTFEPOUIFJSDBSFFSWJTJPOJOH BTTFTTNFOUTBOEHBQBOBMZTJT

4 | One-on-one, collaborative career advising All of the coaches in the Career Center are business QSPGFTTJPOBMTXIPTIBSFBVOJRVFDPNCJOBUJPOPGDPSQPSBUF FYQFSJFODFBOEDBSFFSDPBDIJOHFYQFSUJTFXJUITUVEFOUT (JOB-FF '5.#"n TVNTVQUIFMFWFMPGTVQQPSU o8IFOFWFS*OFFEFEHVJEBODF NZBEWJTPSXPVMERVJDLMZ SFTQPOEBOEHJWFNFUIFUPPMTUPBDDPNQMJTINZHPBMTp

5 | Career Launch Top companies are vying for candidates at the beginning of UIFJS.#"DBSFFST5IF$BSFFS-BVODIoCPPUDBNQpHFUT ZPVKPCNBSLFUSFBEZCFGPSFZPVFWFOTUBSUDMBTTFT

6 | Customized, online training modules 8IFUIFSZPVXBOUUPCSVTIVQPOSFTVNFXSJUJOHPSJNQSPWF ZPVSOFUXPSLJOHTLJMMT ZPVDBODIPPTFGSPNTFWFSBMPOMJOF USBJOJOHNPEVMFTDPWFSJOHUIFJNQPSUBOUTUFQTJOZPVSKPC TFBSDI'PMMPXVQXJUIPOFPGUIFGBDJMJUBUFEQFFSXPSLTIPQT UPHFUMJWFGFFECBDLPOZPVSTLJMMT

1SPGFTTJPOBMEFWFMPQNFOUXPSLTIPQTBOEQBOFM discussions focus on everything from understanding HFOFSBUJPOBMEJGGFSFODFTJOUIFXPSLQMBDF UPXIP HFUTQSPNPUFEo%BZJOUIF-JGFpFWFOUTCSJOHJOEVTUSZ QSPGFTTJPOBMTGSPNBWBSJFUZPGåFMETBOEDPNQBOJFTUP TIBSFUIFJSJOTJHIUBOEFYQFSJFODF

9 | Get in front of people who matter .FSBHF4DIPPMHSBEVBUFTUVEFOUDBOBUUFOETQFDJBMJ[FE OFUXPSLJOHSFDFQUJPOT NJYFST DPNQBOZTJUFWJTJUT DBSFFS GBJST JOGPSNBUJPOBMJOUFSWJFXTBOENPSF0OMJOFSFTVNF EBUBCBTFT KPCQPTUJOHTBOESÃTVNÃSFGFSSBMTFSWJDFTIFMQ GBDJMJUBUFNFBOJOHGVMDBSFFSDPOOFDUJPOTXJUIFNQMPZFST UISPVHIPVUUIFSFHJPO

10 | Real-world experience through internships and case competitions The Merage School boasts participation in some of the OBUJPOnTMFBEJOHDBTFDPNQFUJUJPOTUIBUQVUTUVEFOUTnXPSL in front of top professionals from Orange County’s dynamic CVTJOFTTDPNNVOJUZBOECFZPOE *UnTBMMEFTJHOFEXJUITUVEFOUTVDDFTTJONJOEo8FIBWF BUFBNPGFYQFSUT pTBZT/BO4UPUIBSE TFOJPSBTTPDJBUF EJSFDUPSo8FFNQPXFSTUVEFOUTUPQBDLBHFBOENBSLFU UIFNTFMWFT UBMLBCPVUUIFJSTLJMMTJOUFMMJHFOUMZBOEHBJO UIFTLJMMTUPMBOEBKPC#VU OPUIJOHDPNQBSFTUPIFBSJOH CBDLGSPNHSBEVBUFTåWFBOEZFBSTEPXOUIFSPBEXIP XBOUUPHJWFCBDLCZQBSUJDJQBUJOHJOUIFQSPHSBN0VS SFXBSEJTTFFJOHUIFJSDPOUJOVFETVDDFTTBOEBDIJFWFNFOUT BTBMVNOJp

Merage 2015/2016 | 11

Ripe for Disruption by Laurie McLaughlin

Blockbuster and Borders are dead. Amazon’s market cap exceeds Walmart’s. Apple® is the most valuable company in the world. Yet, many companies still don’t see the need to embrace the digital age. /PXUIBUXFBSFXFMMJOUPUIFoEJHJUBMBHF pJUNBZDPNFBTB TVSQSJTFUIBUNBOZ$*0TTUJMMTBZUIFJSDPNQBOJFTEPOPUWJFX EJHJUBMUSBOTGPSNBUJPOBTDSJUJDBMUPUIFJSCVTJOFTTFT*OGBDU  QFSDFOUPG$*0TQPMMFEJOBSFDFOUTVSWFZIFMEUIBUWJFX o#FDBVTFNBOZDPNQBOJFTBSFOnUBCMFUPBEBQUUPUIJT OFXFOWJSPONFOU UIFZBSFJOEBOHFSPGMPTJOHUIFJSNBSLFU QPTJUJPOT pTBJE7JKBZ(VSCBYBOJ GPVOEJOHEJSFDUPSPGUIF Center for Digital Transformation and Taco Bell Professor of #VTJOFTTBOE$PNQVUFS4DJFODF XIPDPOEVDUFEUIFTVSWFZ BOEDPBVUIPSFEUIFSFQPSUXJUI%FCPSB%VOLMF EJSFDUPSPG SFTFBSDIBUUIF$FOUFS

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hostile to online sales because it cost them sales and SFEVDFEDPNNJTTJPOT p(VSCBYBOJTBJE q 'JOBMMZ LFFQJOHVQSFRVJSFTUFOBDJUZ0ODFZPVnWFFNCBSLFE POUIFDZDMFPGUFDIOPMPHJDBMJOOPWBUJPO OPNBUUFSIPX TVDDFTTGVMZPVBSF UIFSFnTOPTUPQQJOHUPSFTUo6CFSJT CVJMEJOHBTFMGESJWJOHDBS pTBJE(VSCBYBOJo)PXNBOZ åWFZFBSPMEDPNQBOJFTEPZPVLOPXUIBUBSFUIJOLJOHPG EJTSVQUJOHUIFNTFMWFT p Vijay GurbaxaniJTUIF5BDP#FMM&OEPXFE professor of Information Systems and Computer Science and director of the Center for Digital Transformation $%5 BUUIF6$*SWJOF1BVM.FSBHF4DIPPM PG#VTJOFTT)JTSFTFBSDI UFBDIJOHBOE consulting interests are at the nexus of business strategy and JOGPSNBUJPOUFDIOPMPHZ *5 )FGPDVTFTPOBOBMZ[JOHIPX emerging information technologies enable business model JOOPWBUJPO POEFWFMPQJOHBOEFWBMVBUJOHCVTJOFTTESJWFO strategies for the sourcing of information services, and on WBMVJOH*5JOWFTUNFOU)JTBQQSPBDIJTEJTUJODUJWFJOJUTVTFPG FDPOPNJDQSJODJQMFTBTUIFMFOTXJUIXIJDIUPBOBMZ[FTUSBUFHJD NBOBHFNFOURVFTUJPOT

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The study, o5JNFGPSB3FCPPU pwas issued at the “Road to Reinvention: Leadership in the Digital Age” conference presented by the Merage School Center for Digital Transformation in March 2015. The respondents were anonymous and represented a cross-section of industries. To view the report, visit centerfordigitaltransformation.org/assets/Time-For-a-Reboot-Digital-Readiness-Survey-Report-from-Center-for-Digital-Transformation-at-UC-Irvine.pdf.

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Merage 2015/2016 | 13

14 | experience INNOVATION

INNOVATION

Big Data: Understanding the Path to Purchase by Laurie McLaughlin

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Merage 2015/2016 | 15

The Office of Executive Education Partners to Deliver Microsemi Leadership Academy; Program Targets Pressing Company Issues #Z$POOJF$MBSL

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16 | experience life BEYOND THE CLASSROOM

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New Certificate in Big Data and Analytics: Program Helps More Users Leverage Big

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Data By Anne Warde

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Merage 2015/2016 | 17

Gadgets, Mega-Mergers and the Desire for Affordability: Disrupting the $3 Trillion Health Care Industry By Laurie McLaughlin

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 professionals from across the United States presented and EJTDVTTFEUIFJEFBT QSPHSBNTBOEQSPTQFDUJWFMBXTUIBUBSF EJTSVQUJOHUIFUSBEJUJPOBMIFBMUIDBSFMBOETDBQF

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18 | experience life BEYOND THE CLASSROOM

Patients Seek Affordability and Convenience at Retail Clinics 3FUBJMDMJOJDTPGGFSJNNFEJBUFQPUFOUJBMGPSTIBLJOHVQUIF OPSN0QFSBUJOHJOHSPDFSZTUPSFT QIBSNBDJFT TIPQQJOH NBMMTBOEESVHTUPSFT MJLF8BMHSFFOTn)FBMUIDBSF$MJOJDTBOE $74nT.JOVUF$MJOJD UIFTFDVTUPNFSGSJFOEMZMPDBUJPOTPGGFS BGGPSEBCJMJUZBOEDPOWFOJFODF0QFOXFFLFOETBOEFWFOJOHT 

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A Long Road to Bundled Payments Another potential tectonic shift in the health care insurance JOEVTUSZJTUIFNPWFUPXBSETCVOEMFEQBZNFOUT"DMBTTJD example of bundled payments, already used by some insurers, involves paying a lump sum to a hospital for a health episode— GPSFYBNQMF BIJQSFQMBDFNFOU5IFIPTQJUBMXPVME PVUPGUIF MVNQTVNoCVOEMFEGFF pCFSFTQPOTJCMFUPQBZGPSFBDIPG UIFTFSWJDFTJOWPMWFE MJLFSBEJPMPHZBOEMBCPSBUPSZTFSWJDFT BOEQIZTJDJBODBSF5IFTFCVOEMFTBSFVTVBMMZUJFEUPRVBMJUZ NFUSJDTUPQSFWFOUTLJNQJOHPODBSF5IJTQBZNFOUBQQSPBDI JTJODPOUSBTUUPUIFGFFGPSTFSWJDFTZTUFN XIJDI pays each service individually and is most prevalent UPEBZo5IFJTTVFJTUIBUUIFVTVBMGFFGPSTFSWJDFNPEFM JODFOUJWJ[FTBQSPWJEFSUPEPNPSFQSPDFEVSFTPSUFTUT #VOEMJOHQBZNFOUTXPVME JOTUFBE  give providers an incentive to JODSFBTFFGåDJFODZ pTBJE+BDPCTPO The Center for Medicare and .FEJDBJE*OOPWBUJPO $..* IBT TPVHIUUPFYQFEJUFUIFNPWFUPXBSE bundled payments through, among other things, the Bundled Payments GPS$BSF*NQSPWFNFOU #1$* *OJUJBUJWF5IFJOJUJBUJWFBJNTUP UFTUXIFUIFSCVOEMFEQBZNFOUTBDSPTTBSBOHFPGTFUUJOHTBOE FQJTPEFTDBOSFEVDF.FEJDBSFTQFOEJOHXIJMFNBJOUBJOJOH PSFWFOJNQSPWJOHPVUDPNFT4UJMMJOUIFWFSZFBSMZTUBHFT OBUJPOBMMZ UIFSFBSFNBOZRVFTUJPOTUPBOTXFSCFGPSFXFTFF XJEFTQSFBEBEPQUJPOPGCVOEMFEQBZNFOUTo"QPUFOUJBMSJTL  QPTTJCMZNPSFUIFPSFUJDBMUIBOSFBM JTUIBUTJDLFSQBUJFOUTNBZ IBWFNPSFEJGåDVMUZHFUUJOHDBSF pTBJE+BDPCTPO BTIPTQJUBMT XJMMIBWFBOJODFOUJWFUPBWPJEUIFTJDLFTUQBUJFOUTJOBXPSME PGJNQFSGFDUMZSJTLBEKVTUFECVOEMFEQBZNFOUT *UNBZUBLFZFBSTGPSCVOEMFEQBZNFOUTBOEPUIFSWBMVF based payment approaches to become commonplace OBUJPOBMMZ CVUUIFOPUJPOPGFOIBODJOHDBSFXIJMFJODSFBTJOH FGåDJFODZIBTJUTBUUSBDUJPOT BDDPSEJOHUP+BDPCTPOo5IFSF JTXJEFTQSFBEBHSFFNFOUUIBUUIFSFJTBMPUPGXBTUFJOUIF64 IFBMUIDBSFTZTUFN pTIFTBJEo"OENBOZTFFUIFNPWFBXBZ GSPNGFFGPSTFSWJDFBTLFZUPSFEVDJOHUIJTXBTUFp

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To learn more about issues facing the health care industry and to watch video presentations from the 2015 Health Care Forecast Conference presented by the Merage School’s Center for Health Care Management and Policy, visit merage.uci.edu/ResearchAndCenters/HealthCare.

Merage 2015/2016 | 19

LIFEvest disrupts the poverty cycle: 90 percent of program grads apply for college #Z$POOJF$MBSL

Each summer since 2011, crowds of middle school– aged kids have descended upon The Paul Merage School of Business for an immersive week of learning, bonding and gaining financial literacy skills. These students come from the most underserved areas of Southern California, many from single parent households. But, their futures look bright … very bright. o5IFQSPHSBNIBTBMSFBEZIFMQFEIVOESFETPGZPVOHTUVEFOUT p TBZT-FF"OOF.BLJ BTTPDJBUFEJSFDUPSPGUIF$FOUFSGPS *OWFTUNFOUBOE8FBMUI.BOBHFNFOU $*8. o*OGBDU UIF NBKPSJUZPGTUVEFOUTXIPBUUFOEFEPVSåSTUQSPHSBNJO IBWFBMSFBEZFOSPMMFEJODPMMFHF.PTUPGUIFNBSFUIFåSTUJO UIFJSGBNJMJFTUPEPTPp The Week:-*'&WFTUJTBXFFLMPOHåOBODJBMMJUFSBDZJNNFSTJPO QSPHSBNBUUIF.FSBHF4DIPPMUIBUHJWFTFJHIUIBOEOJOUI grade students in underserved areas a chance to experience BDPMMFHFTFUUJOHBTUIFZMFBSOUPCVJMEBOEUSBDLTVDDFTTGVM TUPDLQPSUGPMJPT FYQMPSFDBSFFSPQUJPOT NBOBHFNPOFZ  QSFQBSFGPSDPMMFHFBOEEFWFMPQOFUXPSLJOH DPNQVUJOH BOEQSFTFOUBUJPOTLJMMT&BDITUVEFOUMFBSOTIPXUPNBLFB QPTJUJWFåSTUJNQSFTTJPOBOEQBSUJDJQBUFTJOPUIFSMFBEFSTIJQ BOEUFBNCVJMEJOHFYFSDJTFTTVDIBTUIF6$*0EZTTFZ3PQFT $PVSTF p.BLJTBZT Hosted by the CIWM and funded by private donations and corporate sponsorships, the event requires an army PGWPMVOUFFSTGSPNUIF.FSBHF4DIPPMBOEDPNNVOJUZ ,BSB%VDLXPSUI DIJFGDPNQMJBODFPGåDFSBOEQSJODJQBMPG %VDLXPSUI8FBMUI"EWJTPST TFSWFTBTUIF-*'&WFTU4UFFSJOH $PNNJUUFFDIBJSQFSTPOBOEMFBETUIFQMBOOJOH XIJDICFHJOT BTFBSMZBT4FQUFNCFSGPSUIFGPMMPXJOHZFBSnTQSPHSBN0WFS 100 volunteers participated this year, leading classes, hosting corporate visits, sharing inspirational stories and providing CVTJOFTTBOEMJGFDPBDIJOH Students&WFSZZFBS BDPIPSUPGIJHIBDIJFWJOH MPX

20 | experience life BEYOND THE CLASSROOM

income students is selected from a pool of about 150 BQQMJDBOUT1PUFOUJBMBUUFOEFFTBSFJEFOUJåFEUISPVHI QBSUOFSTIJQTXJUIOPOQSPåUTPDJBMJNQBDUPSHBOJ[BUJPOTBOE TDIPPMT JODMVEJOH#JH#SPUIFST#JH4JTUFST 1SPKFDU)PQF "MMJBODF &M7JFOUP &M4PM"DBEFNZ 4U"OOF1BSJTIBOE$IVSDI  -PWF#FZPOE-JNJUT 0QFSBUJPO+VNQ4UBSU 5IF8PPEFO 'MPPS ,JE8PSLTBOEUIF4BOUB"OB6OJåFE4DIPPM%JTUSJDU*O  UIBOLTUPBHFOFSPVT QMFEHFGSPN1"".$0  UIFQSPHSBNXJMMCFFYQBOEFEUPBDDPNNPEBUFUXPTFQBSBUF TFTTJPOT+VMZrGPSCPZTBOE+VMZr"VHVTUGPSHJSMT Graduates: A recent poll reveals that 90 percent of students XIPBUUFOEFEUIFåSTUFWFOUJO QSFWJPVTMZDBMMFEUIF 'JOBODJBM-JUFSBDZ4VNNFS3FTJEFOUJBM1SPHSBN

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Natalie L. Current status:'SFTINBO 6OJWFSTJUZPG$BMJGPSOJB 4BO%JFHP oCBDLJO*XBT WFSZHSBUFGVMTP*CFHBOWPMVOUFFSJOHBUUIFMPDBM#PZT(JSMT $MVCEVSJOHUIFTVNNFSp #JBODBWPMVOUFFSTFWFSZEBZGSPN BNVOUJMOPPOBTBNVTJDUFBDIFS

Natalie L.

Note: Bianca could not provide an image.

Beatriz A.

Beatriz A.

Breanna S.

Current status:)JHITDIPPMKVOJPS o5IF