The Michigan Daily-Friday, November 13, 1981- Page 5
'U' business students compete
in decision-making tournament
By LISA CRUMRINE
Four University business students got
out of the classroom for three days last
week and experienced first hand the
strategies behind corporate decision
They participated in the University of
Virginia's McIntire Commerce In-
vitational tournament, the first ever'
national business competition for un-
THE SCHOOL of business students
and four teams of students from In-
diana, Ohio State, New York Univer-
sity, and tournament champion the
University of Southern California were
charged with analyzing a case in-
volving a firm faced with an immediate
decision of whether to sell its subsidiary
interests. The students were provided
information about the firm and its
product and then had to develop oral
and written presentations on strategies.
Five judges then evaluated each
In the past, explained Neil Snyder, a
professor at Virginia's McIntire School
of Commerce, only business com-
petitions for graduate students have
"We're trying to show that un-
dergraduate degrees in business are
the equivalent of an MBA degree," he
said. Undergraduate "students are
capable of performing at the same level
as MBAs. We want to communicate
what we're doing to the academic and
business communities," Snyder said.
HE ALSO said the trend now is again-
st hiring MBAs. "They aren't that
much better prepared, yet they
automatically receive $10,000 more
than a BBA.
Business school students Jim
Reynolds, Tom LaHaye, Scott Finer-
man, and Kate Schulze, arrived at the
University of Virginia last Thursday af-
ternoon. They had until Saturday af-
ternoon to find a solution to the case in
"Overall, we spent about 16 or 17
hours working on the case," Reynolds
said. "We read through it three times,
outlined it, and then each of us did an
THE UNIVERSITY students par-
ticipating in the competition were
selected on the basis of their academic
performance , said Aneel Karnani,
professor of policy and control at the
University business school.
"We analyzed a business situation, to
find a strategy for a pressing short
term problem, and planning for a long-
run profitability," saidLafIaye. "It
was similar to cases we study at the B-
school, a policy/financial problem
combined into one case."
* Once the students began working on
the case, they were sworn to work
during specific hours only. They were
not allowed to take materials out of the
work room, and under no circumstance
were they to discuss the case with the
other four teams, said LaHaye.
"IT WAS VERY intense," Reynolds
said. You find out your limits, and we
found out how well we could work
together. It was enjoyable in so far as it
made me work hard."
"We did get to party with the students
from other schools, yet there was a lot'
of stress, too," Schulze said.
Daily Photo by JACKIE BELL
The Clements Library and the spokes surrounding it bask in the brilliance of yesterday's sunshine. The library, located
on South University, houses historical documents._____
.poses threat to
WASHINGTON (UPI)- For the first time, the
Reagan administration yesterday portrayed
Nicaragua's communist-supported military buildup
as threatening the vital strategy interests of the
United States-specifically the Panama Canal.
And Secretary of State Alexander Haig refused to
assure Congress the United States would not try to
overthrow or weaken the leftists regime in Managua
or abstain from militarily blockading that nation.
HE ALSO TOLD the House Foreign Affairs Com-
mittee that Nicaragua has openly "flaunted" two
recent U.S. attempts at better relations, including an
offer of economic aid.
"The situation in Nicaragua is very, very distur-
bing. We should make no bones about it," Haig told
the committee. His statement was regarded as some
of the strongest language on record regarding U.S.-
"Would you give assurances the United States will
not make a direct or indirect effort to overthrow or
destabilize the current government of Nicaragua?"
Rep. Gerry Studds (D-Mass.) asked.
"No, I would not give you such an assurance," Haig
"BUT THAT," he added, "must not be interpreted
by mischievous inquisitors to represent an ar-
ticulation of policy one way or another, because that
would be a self-defeating statement by responsible
executive branch officials."
Barnes said, "There are rumors that are rampant
throughout this town . . . that we have already
decided to consider a military blockade in the Central
American region and in Nicaragua. Would you be
prepared to state. . . that we are not trying or that we
are not going to do that?"
Haig replied: "I am not prepared to say anything of
the kind. I think the president has addressed the issue
and you know that."
National Lawyers Guild
Sponsoring a presentation on the status of
economic, legal and political rights in North-
Discussion and Slide Presentation
New library director says he
wants to make the UGLlpret
(Continued from Page 3)
Chicago criminal civil rights attorney, NLG
member, member of NLG delegation to
Cleveland attorney, Farm Labor Organizing
Committee activist, member of NLG dele-
gation to Northern Ireland.
hours, which Norden termed "fairly
1 generous." He said there are no plans,
to decrease hours. "We are going to try
and hang on to what we've got," he*
NORDEN'S DUTIES as director in-
clude budget and personnel
management and representing the
UGLI and undergraduates within the
library system, he said. This involves
getting to know faculty and their in-
* terests, and making sure the coltection
of books meets the needs of the un-
"I have to look out for the interests of
undergraduates in terms of library
use," he said. "They are my clientele."
Norden said he was drawn to the,
University by what he termed the "ac-
tivist approach" of the University
library administration. He was also
impressed by University Library
Director Richard Dougherty. "I wan-
ted to work with that kind of person,"
he said noting that the administration is
not content to settle for traditional ways
of doing things.
"THEY (THE library administration)
analyze problems in depth, find the root
cause, and deal with it. They get an an-
swer suited to the problem, and if the
answer requiresa non-traditional ap-
proach, that's what is done," he said.
Staff reaction to the pipe-smoking
Norden is generally favorable, though
long-time UGLI employee Patty
Williams said "We haven't seen him
much, yet." Secretary Barb Hoppe
said she is pleased that Norden is the
first director to allow employees to
drink coffee at their desks.
NORDEN SAID one of his major
tasks is to maximize his staff's
capabilities and interests. The UGLI
has over 20 full-time employees, he
A Russian major as an un-
dergraduate at Dartmouth, Norden
later did graduate work in Slavic
languages at Yale before moving into
the library profession. He has visited
possible to findrtwo universities more
"I can see how the football rivalry
developed," Norden said, explaining
MONDAY, NOV. 16 - 7:30 PM
ROOM 120 HUTCHINS HALL
U of M LAW SCHOOL
I'd like to take a stab at changing
the physical appearance of the
building. It needs to be an inviting and
appealing place to come and study.'
the Soviet Union several times, working there were contrasts in the students,
in numerous libraries while he was the culture, and the way people per-
there. ceived themselves. He likes the fact
Before coming to Michigan, Norden Ann Arbor is smaller than Columbus.
was assistant circulation librarian at "It's one of the most pleasant moves
one of Ohio State's two undergraduate I've made."
libraries. He said it would be im-
for 1 hour
Sat Nov. 14th
613 E. Liberty
(formerly Cross-eyed Moose)
Just to tell our customers that's us behind the new
"Making Decisions That Affect Our Lives"
Collegiate Institute for Values and Science
SCIENCE AND POLICY: COST-8ENEFIT
ANAL YSIS AND IS LIMPIS
FRIDAY, NOVEMBER 13
SATURDAY, NOVEMBER 14
4th Floor, Horace H. Rackham Building
915 East Washington Street, Ann Arbor
Events in the world of politics and developments in social science techniques combine to make
cost-benefit analysis a very important subject today with implications ranging from national
defense to care of the elderly. This free public colloquium will feature nationally known
speakers from a broad range of disciplines in lectures and public debate.
The events will begin at 3:00 pm Friday afternoon until 5:30 pm and reassemble at 8:00 pm
ONE..'1WO..0N1..ii WO... urn. unse r . ut u mm. mm . mumo* mum urn.