Minutes
Executive Committee Meeting
Business Policy & Strategy Division
San Diego, CA
August 9, 1998

Present: Michael Lubatkin, Harbir Singh, Ed Zajac, Diana Day, Ming-Jer Chen, Bert Cannella, Peter Lane, Bruce Lamont, Connie Helfat, Phil Anderson, Rita McGrath, Nandini Rajagopalan, Julia Liebeskind, Rhonda Reger, Javier Gimeno, Rikard Larrson, Ranjay Gulati, Margie Peteraf, Phil Bromiley, and Bob Hoskisson. (Gerry Johnson and Rob Grant were absent.) The meeting began at 4pm and ended at 5:30 pm.

1. General
• Welcome—Harbir Singh welcomed each of the new EC members: Phil Anderson, Rita McGrath, Javier Gimeno, Ranjay Gulati, and Nandini Rajagopalan. Harbir also outlined the purpose of the EC, BPS traditions, and provided an overview of the agenda.
2. Reports
• Minutes of Mid-Winter Meeting—Bruce Lamont distributed both the minutes from the February Mid-Winter meeting in Philadelphia and a new BPS Division Leadership Roster. The minutes were approved. Harbir Singh thanked Bruce Lamont for his service to the Division.
3. Announcements
• Election Results—Michael Lubatkin announced that Bert Cannella was elected as Assistant Program Chair along with the incoming EC members in attendance. Michael also mentioned the extensive email canvassing done to bolster the response rate for this year’s elections. Still, the response rate was less than 10% of the members. Much discussion followed. No changes were agreed upon.
• Other—Ming-Jer Chen and Harbir Singh mentioned that they were working on modifying the Assistant Program Chair’s role in Program activities.
4. Reports
• Budget—Peter Lane distributed and discussed the attached budget report. Peter reported that the endowments have been funded, but we may need to revise the charter on the Contribution to Practice Award to be jointly sponsored with OMT, as OMT doesn’t have the money. Peter also reported that membership was stable. In general, the division’s financial position can be described as solid with excess cash.
  
  Peter then mentioned that his term as Treasurer was running out. He asked for guidance from the EC on his job description and succession. Discussion followed, with EC members offering guidance on the issues raised. Harbir thanked Peter for doing a wonderful job as the Division’s first appointed Treasurer.
• Pre-Convention Program 1998—Ming-Jer Chen distributed and discussed the attached directory of the Pre-conference activities. Julia Liebeskind, Peter Lane, Rhonda Reger, and Ed Zajac offered additional details about the well-attended Doctoral Consortium, Draft of Reviewing, Theory Building, and Dissertation Workshops, respectively. Ming-Jer thanked the participants in attendance.
• Convention 1998—Diana Day reported receiving a record number of submissions this year. She thanked Rhonda Reger, Joyce Faulkenberg, Russ Coff, and Anne Illinitch for their timely and valuable help with the program which was extremely important given the volume of papers of reviews involved. Harbir Singh thanked Diana for all of her hard work in putting together a wonderful program this year.
• Free Press Award—Ed Zajac reported there were 20 submissions for the Free Press Outstanding Dissertation Award. Annete Ranft (West Viriginia) was selected as the winner. Wilbur Chung (NYU), Reg Ritz (Manitoba), and Jack Nickerson (Washington) were the other finalists.
• Glueck Best Paper Award—Ming-Jer Chen noted that the 9 best papers were sent to the Research Committee for their review. A clear winner emerged: Asset Divestiture After Business Acquisition: Failure or Reconfiguration? by Laurence Capron (INSEAD), Will Mitchell (Michigan) and Anand Swaminathan (Michigan).
• Litshert Award—Diana Day reported two winners for this award for the best paper by a doctoral student: Alvaro Cuervo-Cazurra (MIT) and Douglas Lyon (Utah State).
5. Old Business
• Task Force on Special Sessions—Connie Helfat distributed and discussed the attached report by the Subcommittee on Special Topic Sessions. After significant discussion, alternative 2 was chosen, as noted on the attachment. Harbir suggested that the Past Division chairs get together to draft guidelines for the next meeting in February. The EC approved.
6. New Business
• Data for Mid-Winter meeting—Ed Zajac mentioned his preferences were for a noon to 6pm meeting in mid-February on a Saturday in Chicago. He said he’d poll the EC later before getting more specific. Michael Lubatkin suggested reducing the time for nominations and elections in February by soliciting nominations for positions in advance by email. Ed said that he would do so
• Support for Program Chairs—Ming-Jer Chen and Harbir Singh discussed that the volume of submissions has reached such a level that financial support from the Division may be necessary to permit the hiring of professional assistance for future Program Chairs. No vote was taken, but most EC members agreed. It was decided that the issue should be revisited at the February mid-winter meeting.

 Harbir Singh adjourned the meeting at 5:30 pm.
 
Respectfully submitted,

Bruce T. Lamont

Attachments
 

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