MsE Faculty: Academic Year 2013-2014
Professor of Civil and Environmental Engineering, and Professor of Entrepreneurship and Strategy in the Ross School of Business
Dr. Peter Adriaens is a professor of Civil and Environmental Engineering and a professor of Entrepreneurship and Strategy in the Ross School of Business, where he is affiliated with the Zell Lurie Institute for Entrepreneurial Studies. He is past-president of the Association of Environmental Science and Engineering Professors, a member-by-eminence of the American Academy of Environmental Engineering, and member of the Belgian Royal Academy of Applied Sciences, where he was recognized for bridging engineering and business entrepreneurship in academia and practice. Following a 20-year career in validating laboratory-based processes and technologies (environmental sensing, green buildings), his current work with colleagues across campus, the U.S., Canada and Europe focuses on CleanTech innovation and entrepreneurship. Specific interests include water risk finance models (VaR, Water BetaTM), reverse innovation strategies in the transportation (‘New Mobility’) and CleanTech industry, and design of investment portfolios in CleanTech clusters. He teaches courses on business models, entrepreneurial business fundamentals, CleanTech venture assessment, and sustainability finance. Adriaens is co-developer of the KeyStone Compact™, a data-driven analytical and strategic positioning tool for entrepreneurial ventures that has been used by more than 500 global early and later stage companies in a wide range of investment domains (CleanTech, BioTech, ITC, space sciences), and is under consideration for adoption by Deloitte, Credit Suisse, and corporations (Ford, Infineon). He founded Global CleanTech LLC, an executive education firm, and is President of Water Risk Analytics, a subsidiary ofLimnoTech, focused on risk finance data and software for the financial services industry. He is the director of CleanTech Acceleration Partners, a business services firm built on the KeyStone Compact™ platform, and co-Founder of the Global CleanTech Custer Association (GCCA), focused on open innovation and economic development by screening, repositioning and connecting best in class Cleantech clusters and companies. With 56 clusters in the Americas, Asia-Pacific, and Europe, representing nearly 8,000 companies, and $3.5 bn. under management, the GCCA catalyzes global value system development. Lastly, he serves as advisor to the Frankel and Wolverine Venture Fund CleanTech Investment Team, and is a director at theWatershed Capital Group, a boutique investment bank focused on impact capitalism.
For more information, please refer to www.linkedin.com/in/peteradriaens
Professor of Finance, Director of the Center for Venture Capital and Private Equity Finance
David Brophy is a founding member of the Ross School’s Michigan Growth Capital Symposium, as well as a founder of the editorial board of the Journal of Private Equity and the International Journal of Venture Capital. His research focuses on pricing of initial public offerings of common stock and characteristics of the venture capital market and he was the principal investigator on the “Prospects for Small Business and Entrepreneurship in the 21st Century,” a White House Conference on Small Business. In 2009 he received the Lifetime Achievement Award from the Michigan Venture
Adjunct Lecturer in Entrepreneurship
Aaron Crumm’s PhD work at the University of Michigan led to Ultra Electronics, Adaptive Materials, Inc. (AMI) becoming an alternative energy market leader. Crumm’s simple, yet radical, business proposition was to develop a portable solid oxide fuel cell system that ran off of readily available fuel. Crumm’s work has attracted more than $50 million in contracts to support the growth of AMI. His success in leveraging research grants as part of AMI’s business acceleration strategy is integral to the company’s ability to remain privately-held and focused on fuel cell product development. The company was acquired by defense industry giant Ultra Electronics in 2010. AMI has been recognized for its dynamic growth with Ann Arbor SPARK FastTrack, Inc. 5,000, and Inc. 100 Energy Company awards. Aaron Crumm has also individually recognized as an entrepreneur with multiple awards including Executive of the Year in 2011. Prior to founding Adaptive Materials, Crumm gained insight into electric power generation as a nuclear engineer. He earned his bachelor of science degree in nuclear engineering from Purdue University and a PhD in material science from the University of Michigan. Crumm is a highly regarded and respected speaker at many alternative energy symposiums and fuel cell conferences.
Assistant Research Scientist, Adjunct Lecturer in Arts Engineering
Shanna Daly has a B.E. in chemical engineering from the University of Dayton and a Ph.D. in engineering education from Purdue University. Her research focuses on idea generation, design strategies, design ethnography, creativity instruction, and engineering practitioners who return to graduate school. Her work is often cross-disciplinary, collaborating with colleagues from engineering, education, psychology, and industrial design. Daly received an Apprentice Faculty Grant Award from the Educational Research and Methods Division of the American Society of Engineering Education in 2008 and the American Education Research Association Division I (Education in the Professions) Outstanding Publication of the Year Award in 2013.
Read more on her website: http://www-personal.umich.edu/~srdaly/
Assistant Professor of Management and Organizations
Prior to academia, Scott DeRue held leadership positions at the Monitor Group and Hinckley Yacht Company. Currently he is the co-director of the Ross Leadership Initiative, which is routinely ranked #1 in the world in leadership development among education institutions, and the Faculty Director of the Emerging Leaders Program. He has been named one of the top 40 under 40 by both Poets and Quants and CNN/Money. His research seeks to understand how leaders and teams in organizations adapt, learn, and develop over time and he has published numerous articles in top academic journals.
Adjunct Lecturer of Entrepreneurship; Associate Director of Entrepreneurial Practice at the Center for Entrepreneurship
Jonathan Fay focuses his efforts on facilitating entrepreneurship and innovation in the PhDs, PostDocs, and Faculty at the University of Michigan. He assists the researchers throughout the project lifecycle including concept creation, business model generation, product development, and investment preparation. As a part of this work, he currently manages the nationally acclaimed NSF Innovation-Corps program (NSF I-Corps) activity at U-M in addition to teaching in the Master of Entrepreneurship program. Prior to U-M, Fay had senior operating roles in several medical device startups in Silicon Valley. The companies ranged from infant hearing screening, to asthma diagnostics, to hearing devices. Most recently, Fay was the COO/CTO of EarLens Corporation. In addition to his responsibilities as the operational head of the company, he raised capital from a variety of sources including SBIRs, angels, strategic partners, and VCs. Fay has over 12 patents and received his PhD in Biomechanics from Stanford.
Director, Zell Entrepreneurship & Law Program, Adjunct Professor of Strategy and Entrepreneurship, Managing Director of the Wolverine Venture Fund
Richard (Erik) M. Gordon is director of the ZEAL (Zell Entrepreneurship and Law) Program and a Professor from Practice. Prior to joining the Law School, he was on the faculty at U-M’s Ross School of Business, where he continues as managing director of the Wolverine Venture Fund and as an adjunct professor of entrepreneurial studies. He has sat on both sides of the table: as an attorney and as a businessperson. His background includes starting companies, venture capital, and advising early-stage and fast-growth companies, venture capital, and private equity firms and investors. His law practice included representing companies and investors in early-stage matters, strategic and financial acquisitions, IPOs, and corporate finance. His areas of interest include entrepreneurship, venture capital, private equity, mergers and acquisitions, and the biomedical, IT, and digital marketing industries. He also previously served on the faculty and as associate dean and director of the Graduate Division of Business & Management (now Carey Business School) at Johns Hopkins University, where he taught in the business and medical schools, and at the University of Florida, where he also served as director of the Center for Technology & Science Commercialization Studies. He is frequently quoted in BusinessWeek, The New York Times, Bloomberg, and other outlets on entrepreneurship, venture finance, private equity, IPOs, the biomedical industry, and the IT and digital marketing industries. At U-M, he also serves on the advisory board of the Medical Innovation Center and the portfolio advisory committee of the North Campus Research Complex. His degrees are in economics and law.
Professor of Material Science Engineering
John Halloran developed and teaches a course in technology business models for the Master of Entrepreneurship program. In addition, he teaches materials science and engineering courses and leads several research projects. Halloran received his Ph.D. from the Massachusetts Institute of Technology.
Assistant Director for Academic Programs, Center for Entrepreneurship; Lecturer, Department of Biomedical Engineering; Faculty Co-Director of Master of Entrepreneurship
In addition to her role as Co-Director of the University of Michigan Master of Entrepreneurship Program, Aileen Huang-Saad is Associate Director for Academic Programs in the Center for Entrepreneurship and a faculty member in the Biomedical Engineering (BME) Department. Huang-Saad has been responsible for building the Program in Entrepreneurship for UM undergraduates and co-developing the new masters level entrepreneurship program. Huang-Saad has received a number of awards for her teaching, including the Thomas M. Sawyer, Jr. Teaching Award, the UM ASEE Outstanding Professor Award and the Teaching with Sakai Innovation Award. Prior to joining the University of Michigan faculty, she worked in the private sector gaining experience in biotech, defense, and medical device testing at large companies and startups. Huang-Saad has a Bachelor’s of Science in Engineering from the University of Pennsylvania, a PhD from The Johns Hopkins University School of Medicine, and an MBA from the University of Michigan Ross School of Business.
THOMAS C. KINNEAR
Eugene Applebaum Professor of Entrepreneurial Studies, Executive Director of the Zell-Lurie Institute for Entrepreneurial Studies, and Professor of Marketing.
Thomas Kinnear holds degrees from Queen’s University, Harvard University, and the University of Michigan. His research has appeared in top academic journals, he is former editor of the Journal of Marketing, a founding editor of the Journal of Public Policy and Marketing, and co-author on several marketing text books. Kinnear is active in the entrepreneurial community as a co-founder, advisor, angel investor, and board member of startup companies including: Network Express, BlueGill Technologies, Accio Energy, Accuri Instruments, Avail Networks, Avidimer Therapeutics, Epsilon Imaging, Mobius Microsystems, Pixel Velocity, and Nanocerox. He is also a limited partner in Apjohn Ventures, Arbor Partner Ventures, Arboretum Ventures, EDF Ventures, and RPM Ventures. He is a member of the investment committee for Ventures Arboretum Ventures and is Chair of the Board and CEO of the Venture Michigan Fund.
CHARLES F. KLEMSTINE
Lecturer of Accounting
Charles Klemstine has been on the faculty of the business school since 1987. He teaches accounting at the undergraduate, graduate, and executive education levels. He also has taught at the University of Virginia, the University of Notre Dame, and the University of Texas at Austin.
William Davidson Professor of Business Economics and Public Policy
Francine Lafontaine’s areas of interest are in the field of industrial organization, with a special focus on vertical relationships, contracting and franchising, and entrepreneurship. Her research is mostly concerned with the application of advances in contract theory to the analysis of franchising arrangements and other arrangements between firms in the vertical chain. She also considers the effect of contracting practices on firm performance, as well as issues surrounding business creation and survival in retail and small-scale service industries more generally. Lafontaine holds a Ph.D. in economics from the University of British Columbia.
WILLIAM S. LOVEJOY
Raymond T. Perring Family Professor of Business Administration, Professor of Operations and Management Science, Faculty Co-Director of Master of Entrepreneurship
Bill Lovejoy holds a joint appointment in the Ross School of Business and the Stamps School of Art and Design. His research and teaching interests include innovation and new product development. Lovejoy’s cross-disciplinary new product development course has enjoyed coverage by CNN, the Wall Street Journal, the New York Times, and Businessweek. Products from the course have been featured in prominent industrial design forums. He has been on the business school faculty at Georgia Tech, Stanford University, and the University of Michigan.
Director, Risk Science Center, Charles and Rita Gelman Risk Science Professor, Professor of Environmental Health Sciences
Andrew Maynard’s work focuses on the responsible development and use of emerging technologies, and on innovative approaches to addressing emergent risks. He has testified on a number of occasions before congressional committees on nanotechnology, served on National Academy panels and other advisory boards, and is a member of the World Economic Forum Global Agenda Council on Emerging Technologies. Widely published in the academic literature, Maynard’s current interests include exploring how integrative approaches to risk can support sustainable development in an increasingly complex, interconnected and resource-constrained world.
Lecturer of Strategy and Entrepreneurship, Ross School of Business
Len Middleton is the Founder of A.M.P. and MII companies, and the managing director of the River Rock Group, a private equity and venture capital firm. He is co-director of the Global MBA Projects Course at the Ross School of Business, as well as a board member of the Zell Lurie Institute, United Bank & Trust, and Women for Women International. He is also a trustee of the Ann Arbor Hands-On Museum.
Lecturer of Strategy
Dr. Anuradha Nagarajan is a faculty member in the Corporate Strategy and International Business department at the Ross School of Business at the University of Michigan. Her primary research interests include the study of emerging industries, technology strategy, and the competitive implications of inter-organizational arrangements in highly uncertain, networked environments. She teaches courses in corporate strategy, corporate development, mergers and acquisitions, management of alliances, and the management of technology and innovation in the B.B.A. and M.B.A. programs at the Ross School of Business at the University of Michigan. She received her Ph.D. in Corporate Strategy from the University of Michigan in 1996.
Adjunct Clinical Assistant Professor of Law
Bryce Pilz received his B.S. in mechanical engineering at Michigan in 1997, and his J.D. from Michigan Law in 2000. He practiced at Kirkland & Ellis LLP in the firm’s intellectual property practice and clerked for Judge Amy J. St. Eve in the Northern District of Illinois. He counseled the university’s Office of Technology Transfer on intellectual property and licensing matters and advised the College of Engineering and the Center for Entrepreneurship on student intellectual property and entrepreneurship. Pilz served as associate general counsel in the University of Michigan’s Office of General Counsel where he worked on intellectual property transactional matters. He has recently joined the Entrepreneurship Clinic representing student entrepreneurs and start-ups on intellectual property and corporate legal matters. He is registered to practice before the U.S. Patent & Trademark Office.
Arthur F. Thurnau Professor of Atmospheric Science
Perry Samson is Associate Chair and Professor in the Department of Atmospheric, Oceanic and Space Sciences at the University of Michigan. He holds an Arthur F. Thurnau Professorship at the University of Michigan and is the recipient of one of the 2009 “Teaching Innovation Awards” at the University of Michigan. In 2010 Prof. Samson was named the “Distinguished Professor of the Year” by the State of Michigan Council of Presidents. He is the co-founder of The Weather Underground, which is one of the 100 most visited web sites on the Internet. Samson is also the creator of LectureTools, a web application that allows students to synchronize their note-taking with the instructor slides and respond to a wide range of question types in large lecture halls, and XamPREP, a new model for on-line textbooks. Samson is co-author of a new textbook, Extreme Weather and Climate, based in part on his multiple years of experience leading student teams to chase supercell thunderstorms in the Great Plains.
Read more about Professor Sampson here:http://aoss.engin.umich.edu/people/samson
Merwin H. Waterman Collegiate Professor of Business Administration
Cindy Schipani earned her law degree from the University of Chicago Law School and practiced law with two major law firms before joining the Ross School of Business. She has taught “Legal Aspects of Entrepreneurship” to M.B.A. students for over 10 years and serves as an expert witness in cases involving duties of co-owners of firms. She has received numerous awards, including the Academy of Legal Studies in Business National Award for Excellence and the Holmes-Cardozo Research Award.
Associate Professor, Material Science Engineering
Max Shtein specializes in novel organic semiconductor physics, device design, and processing. He has made key contributions in developing techniques and device architectures amenable for scale-up of organic light-emitting diodes, transistors and solar cells. He leads a research group at the University of Michigan focusing on the physics and applications of organic and hybrid optoelectronic materials and devices. Shtein received the Materials Research Society Graduate Student Gold Medal Award, the PRISM-Newport Award of Excellence and Leadership in Photonics and Optoelectonics, the Holt Award for Excellence in Teaching, the Vulcans Education Excellence Award, and the Presidential Early Career Award for Scientists and Engineers. He recently co-founded a startup to help translate a novel lighting technology to the marketplace.
Assistant Professor of Marketing
S. Sriram’s research and teaching focuses on new product and innovation management. In addition to publishing in top academic journals, Sriram has received teaching excellence awards at Purdue University (2000, 2001, 2002, and 2004) and was Teacher of the Year at the University of Connecticut (2006 and 2008). At Michigan’s Ross School, he won the Jacob Faculty Development Award. Sriram was the recipient of the Institute for the Study of Business Market’s Academic Practitioner challenge in 2006, as well as a three-year grant from the 3M Corporation to advance his research and teaching in the area of new product and innovation management. In 2009 he was awarded the Marketing Science Institute Young Scholar award. Sriram’s research interests are in the area of brand and product portfolio management. On the issue of brand management, he has studied topics such as measuring and tracking brand equity and optimal allocation of resources to maintain long-term brand profitability. His recent research on product portfolio management encompasses topics such as inferring complementary/substituting relationships between products, cannibalization, and consumer adoption of related technology products. Substantively, his research has spanned several industries including consumer packaged goods, technology products and services, retailing, and newspapers. Sriram’s research has been published in journals such as Marketing Science, Management Science, Journal of Marketing, Journal of Consumer Research, and the International Journal for Research in Marketing.
VALERIE Y. SUSLOW
Professor of Business Economics and Public Policy and the Associate Dean of Graduate Programs
Valerie Suslow’s research is devoted to the economics of explicit price fixing, with a focus on the determinants of cartel duration and how particular organizational features of cartels contribute to cartel stability. She is a senior editor on the editorial board for the Antitrust Law Journal. Suslow has been the program director of the Quantitative Skills Workshop for the M.B.A. Program (1994-1995) and the Executive M.B.A. Program since 2001, the academic director of the Evening Program (1995-1999), and associate dean for degree programs (2007-2010). She has taught applied microeconomics in B.B.A., M.B.A., Executive M.B.A., M.S. Entrepreneurship, and M.S. Supply Chain programs, as well as an M.B.A. elective on competitive tactics & antitrust policy. She is a past recipient of the Victor L. Bernard Teaching Leadership Award.
Marc Weiser is founder and managing director of RPM Ventures, a seed and early stage venture firm focused on information technology. For RPM, Marc is currently involved with the boards of BountyJobs, Glyde, Kontextual, Mojo Motors, ShareThis and Xtime. He is also responsible for the firm’s investments in Giftly, SoFi, and Wide Open Spaces. Previous investments include: Applimation (acquired by Informatica – NASDAQ:INFA), OpenLane (acquired by Kar Holdings – NYSE: KAR), R4 Global Services (acquired by Verisign – NASDAQ:VRSN), RiverGlass (acquired by Allen Systems), and TetraVitae (acquired by Eastman Chemical – NYSE:EMN). Prior to forming RPM, Mr. Weiser was an internet and software entrepreneur. He co-founded QuantumShift, a provider of web-based business-to-business technology and services focused on corporate telecommunications needs. He was also an early employee at MessageMedia (acquired by DoubleClick) where he pioneered some of the original methods for e-commerce and helped lead the company’s IPO. In addition to his board roles for RPM, Mr. Weiser serves on the boards of McKinley, Inc., the Center for Entrepreneurship (CFE) and Wolverine Venture Fund at the University of Michigan, where he is a volunteer adjunct professor. He is the recipient of the University of Michigan College of Engineering Alumni Distinguished Service Award for his efforts in founding the CFE, the TechArb (student accelerator), and the Master in Entrepreneurship. Additionally, he and his wife are leading the creation of the Food Allergy Center at the University of Michigan. This Center will provide national leadership and a path to a cure for those that suffer from food allergies. He graduated cum laude from the University of Michigan with a B.S.E. in aerospace engineering and a M.B.A. with highest honors.