BPS Division Executive Committee
Winter Meeting
Wharton
Philadelphia, PA
February 28, 2004

Present: Nick Argyres, Bill Bogner, Tom Brush, Jim Combs, Tim Folta, Javier Gimeno, Ranjay Gulati, Amy Hillman (via video), Marjorie Lyles, Tammy Madsen, Rich Makadok, Anita McGahan, Margaret Peteraf, Richard Priem, Mary Tripsas, Jim Westphal.

Absent: Bert Cannella, Steven Phelan, Anju Seth.

The meeting began at 12:40 pm.

I. General

1. Welcome –Javier Gimeno welcomed all in attendance and provided an overview of the agenda.
2. Minutes – Jim Combs distributed the minutes from the August Executive Committee and Business Meetings in advance. The EC approved the minutes following one small alteration offered by Marjorie Lyles.

II. Reports

1. A. Budget – Bill Bogner distributed the budget and noted that the division’s finances are in very good shape. Membership increased yet again last year. Bill expressed hope that the costs of revamping the electronic program each year will decrease with the new web-based system. Starting next year, the Division will face the cost of performing its five-year review. Although the Division is in good health, Bill noted that we would need to examine the costs of any new initiatives. The budget is Attachment #1 to the Minutes.
2. 2004 Conference Program – Jim Westphal provided an overview of this year’s program. He distributed a detailed report (See Attachment #2). Some of the key numbers included:
1,292 reviewers from 44 countries
  497 paper submissions
   32 symposia submissions
   40  paper sessions planned
  178  papers accepted (46% acceptance rate).
• Jim acknowledged the significant help of: Steve Boivie (Texas at Austin), Irene Duhaime (Georgia State University), Mike Hendron (Texas at Austin), Poonam Khanna (Texas at Austin), Don Lange (Texas at Austin), and Richard Priem (Wisconsin at Milwaukee) for help checking in submissions and assigning reviewers; Steve Boivie for providing admin assistance; Bert Cannella (Texas A&M) for help with the reviewer database; Soo Lee (Texas at Austin) and the McCombs Support Group for technical assistance; Bert Cannella for help developing the Program; Margie and Javier for their helpful advice and quick response to questions.
3. Professional Development Workshops – Anita McGahan handed out a summary of the PDWs (Attachment #3). There will be 25 different workshops including the doctoral and new faculty consortia and five “conversations on strategy”. Many workshops are co-sponsored by other divisions. They involve 152 faculty from 85 colleges and universities. She also reported that progress is being made on selecting the best paper, student paper, and research and practice recipients.
4. BPS Outstanding Dissertation Award – Margie reported that there were only 14 submissions this year, down from 41. Fourteen is closer to the historical norm; last year’s interest probably reflects Javier’s efforts at promoting the award. It was decided unanimously that next year’s submission deadline for the award will be publicized using the BPS-net and by calling attention to it in the Division-wide email announcing the fall Newsletter. Anita announced that Bert had agreed to make the awards and bring them to the Academy Meeting. Everyone agreed that Bert’s contributions to the Division continue to be outstanding.

III. New Business

1. Symposium recognition – Anita McGahan asked the EC to consider doing something to acknowledge the intellectual contribution contained in symposium proposals, either through a best symposium award or by recognizing the top ten symposia. Concerns were expressed regarding the diversity of symposium winners (disproportionately well-known faculty), the lack of blind review, and the disconnect between proposals and actual execution. A task force was established consisting of Javier Gimeno (Chair), Anita McGahan, Tammy Madsen, and Marjorie Lyles. It was tasked with (1) investigating the OMT Division’s best symposium award, (2) examining data from symposium proposal reviews, and (3) evaluating the diversity/social network issues.
2. Program Website – The EC discussed the merits of moving the program website to a permanent location. It was agreed that its location should be left flexible for the benefit of incoming Program Chairs.
3. Ph.D. Consortium – The EC discussed how to deal with cost overruns for the Ph.D. Consortium. Marjorie Lyles explained that last year’s Consortium went over budget by over $800, largely because of food and beverage costs. It was decided by unanimous vote to discontinue breakfast at the Ph.D. and New Faculty consortia, and that coffee should be provided at the discretion of the Consortia Chairs only if other sources of coffee are not near. The EC also discussed the size of the Ph.D. Consortium because many schools sent two students in 2003. As one student per school is already part of the Ph.D. Consortium guidelines, it was decided to include this restriction in the newsletter article announcing the Ph.D. Consortium.
4. New Web-based Initiatives – The EC broke into four groups to discuss ideas for virtual conferences and sharing teaching material. The list of ideas generated is Attachment #4 to the Minutes. It was decided by unanimous vote to ask Mason Carpenter to collect teaching information in the name of the Division so this material can be made available to members. The EC also decided by unanimous vote to conduct at least one “pilot” virtual conference as part of an effort to work out the technical and incentive issues. Javier agreed to look for someone capable of Chairing the pilot virtual conference. One possibility might be a virtual conference on real options chaired by Tim Folta.

III. Nominations and Elections – Jim Combs collected and distributed a list of nominations in advance. Ranjay Gulati led the election process. A slate of candidates was selected by EC for the ballot. Others were appointed to the Research Committee, the Teaching Committee, one open Regional Representative position, and for Web Master. It was decided that exiting members of the Program Committee would automatically be nominated for the Assistant Program Chair ballot (i.e., not on the ballot but among the nominees considered by the EC for the ballot).

The meeting was adjourned at 6:10 pm.

Respectfully submitted,

Jim Combs

Attachment #1:BPS Division, Academy of Management, 2002 Actual Spending, Proposed and To-date 2004 Spending, Projected 2005 Budget, February 28, 2004
	2002 Actual Spending	2003   Budget	2003 Actual Spending	2004   Budget  Estimate	2004 Actual Spending to Date	2005   Budget  Estimate
RECEIPTS
Carry Over	$13,974.95	$14,151.40	$14,151.40	$11,097.73	$11,097.73	$11,097.73
Membership Receipts (1)	$30,326.00	$31,901.00	$31,901.00	$35,318.00	$35,318.00	$35,318.00
Social Nets PDW	$150.75	$0.00	$0.00	$0.00	$0.00	$0.00
Endowment Interest (2)	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Other Revenues (3)	$0.00	$0.00	$500.00	$0.00	$0.00	$0.00
TOTAL RECEIPTS	$44,451.70	$46,052.40	$46,552.40	$46,415.73	$46,415.73	$46,415.73
EXPENSES
Executive Committee Meetings	$2,071.64	$3,000.00	$4,188.19	$4,100.00	$0.00	$4,100.00
Y+1 Program Chair Expenses (5)	$5,149.00	$5,250.00	$4,214.75	$4,200.00	$0.00	$4,200.00
Program Chair Expenses	$4,318.29	$4,500.00	$8,708.32	$8,700.00	$246.95	$8,700.00
Electronic Newsletter	$850.00	$900.00	$900.00	$900.00	$0.00	$900.00
BPS Net and Web page (4)	$1,000.00	$1,500.00	$0.00	$1,000.00	$0.00	$1,000.00
BPS Doctoral Consortium	$4,917.72	$5,000.00	$5,825.02	$5,000.00	$0.00	$5,000.00
BPS New Faculty Consortium	$2,916.30	$3,000.00	$3,061.81	$3,000.00	$0.00	$3,000.00
BPS Social Hour	$5,502.35	$5,250.00	$4,763.83	$4,200.00	$0.00	$4,200.00
BPS Pre-Convention (other)	$1,499.47	$1,500.00	$1,395.00	$1,400.00	$0.00	$1,400.00
BPS Convention (other)	$229.63	$250.00	$88.67	$150.00	$0.00	$150.00
Mid-Career Workshop	$688.20	$1,000.00	$668.54	$700.00	$0.00	$700.00
Award Plaques	$737.70	$750.00	$980.54	$1,000.00	$0.00	$1,000.00
NDSC Contribution (6)	$420.00	$475.00	$375.00	$375.00	$0.00	$375.00
5-Yr. Review (7)	$0.00	$0.00	$0.00	$0.00	$0.00	$2,500.00
Member Proposed Initiatives	$0.00	$100.00	$0.00	$0.00	$0.00	$0.00
Miscellaneous (8)	$0.00	$100.00	$285.00	$100.00	$0.00	$100.00
TOTAL EXPENSES	$30,300.30	$32,575.00	$35,454.67	$34,825.00	$246.95	$37,325.00
Surplus/Deficit from Operations	$25.70	($674.00)	($3,553.67)	$493.00	$35,071.05	($2,007.00)
Ending Surplus	$14,151.40	$13,477.40	$11,097.73	$11,590.73	$46,168.78	$9,090.73
Amount over surplius limit	($1,011.60)	($2,473.10)	($4,852.77)	($6,068.27)	$28,509.78	($8,568.27)
5-Yr. Review Reserve (7)	$750.00	$1,500.00	$1,500.00	$2,000.00	$2,000.00	$0.00
Free Cash Surplus	$13,401.40	$11,977.40	$9,597.73	$9,590.73	$44,168.78	$9,090.73

Note 1 Member Receipts for up through 1999 were $7.00 per member plus $500. For 2000 through 2002 the amount is $9.00 per member and $500. Historic membership totals are: 1993-94 = 2425, 1994-95 = 2528, 1995-96 = 2611, 1996-97 = 2600, 1997-98 = 2562, 1998-99 = 2652, 2000 = 3031, 2001 = 3150, 2002 = 3314, 2003 = 3489, 2004 = 3902. Note too, the Academy switched to a calendar year system in 1999 by adding three months to that year and adding an additional 1/4 in member receipts.

Note 2 Endowment Interest is no longer credited to the division operating budget. The following additions to the Endowment have occurred over the last four years. 1998-1999 Litshert Award $400, Interest paid 12/31/98 $2669.48, Interest paid 12/31/99 $3137.96, Interest paid 12/31/00 $3294.85, Interest paid 12/31/01 $2075.76.

Note 3 Prior to 1997 the PBS Executive Committee requested this reimbursement. Since then the plaque has been paid for with other plaques from operating funds. Fees for the Doctoral and New Faculty consortia have been discontinued.

Note 4 Expenses for BPS webmaster and for site development projects.

Note 5 Program Chair Expenses are often absorbed by the program chair's school. Prior to the fiscal realignment the Program Chair Expenses could be paid at the end of the calendar year for the January-April program development and still be in the same fiscal year. Following the adjustment in the fiscal calendar program expenditures are paid in the year ahead. In the 2000 budget $902.36 was spent on the 2000 program and $8,000 was spent on the 2001 program.

Note 6 Since 1998-1999 BPS has contributed a portion of the New Doctorial Student Consortium.

Note 7 AoM requires divisions to do reviews every five years. The next report will be due in 2005. Money in prior years is only set aside, not spent.

Note 8  In 1995-1996 Miscellaneous expenses included $500 for support of the Northwest New Faculty Consortium and $333 for the Reconceptulization Task Force. An addition error in 1996-1997 was included ($1) and in 1998-1999 an overpayment for prior food and beverage expenditures was credited back ($25). In 2000 an expense of $1367 was added to the BPS expenses by AoM for "Corpav Toronto". Under investigation.

Attachment #2: Program Chair PowerPoint Presentation

• 2004 BPS Program

o Web-based submission and review process.
o 1,292 reviewers from 44 countries.
o 58 emergency review volunteers.
o 497 paper submissions, 32 symposia submissions.

• 2004 BPS Program

o 46% acceptance rate for papers.
o 178 papers in 40 regular paper sessions
o Balance of accepted papers in shared interest tracks, interactive paper sessions, and visual presentations.

• 2004 BPS Program

o Submitted papers by topic:
Agency theory                            34
Transaction costs                         28
Industrial economics                      28
Game theory                              3
Real options                             12
Resource-based view: Sustainability        37
Resource-based view: Dynamic capabilities  87
Knowledge-based view                   68
Contingency perspective                  12
Network theory                           37
Organizational ecology                     7
Institutional theory                         34
Resource dependence                    14
Social psychology                        13
Strategic management process            216
Upper echelons                          74
Corporate Governance                    66
Corporate strategy                       126
International strategy                      41
Cooperative strategy                      97
Business and competitive strategy          175
Entrepreneurial and innovative strategies    112
2004 BPS Program
o Thanks to:
n Steve Boivie (Texas at Austin), Irene Duhaime (Georgia State University), Mike Hendron (Texas at Austin), Poonam Khanna (Texas at Austin), Don Lange (Texas at Austin), and Richard Priem (Wisconsin at Milwaukee) for help checking in submissions and assigning reviewers.
n Steve Boivie for providing admin assistance.
n Bert Cannella (Texas A&M) for help with the reviewer database.
n Soo Lee (Texas at Austin) and the McCombs Support Group for technical assistance.
n Bert Cannella for help developing the Program.
n Margie and Javier for their helpful advice and quick response to questions

Attachment #3: PDW Chair PowerPoint Presentation

• PDW Program

• Anita McGahan

• February 2004

Overview

• 25 different workshops
• Doctoral consortium; new faculty consortium
• 5 “conversations”
• Collaboration with very division in the Academy
• 152 workshop faculty with none double-booked
• 85 colleges and universities represented among faculty

BPS Doctoral Consortium

• Marjorie Lyles, Chair, Indiana U
• Tim Folta, Chair, Purdue
• Robert Burgelman, Stanford
• Martin Conyon, U. of Pennsylvania
• Prashant Kale, U. of Michigan
• Michael Lubatkin, U. of Connecticut
• Rich Makadok, Emory
• Sue McEvily, U. of Pittsburgh
• Torben Pedersen, Copenhagen Business School
• Jeff Reuer, UNC Chapel Hill
• Changqi Wu, Peking U
• Maurizio Zollo, INSEAD

BPS New Faculty Consortium

• Joe Mahoney, Chair, U. of Illinois
• Amy Hillman, Chair, Arizona State
• Jim Frederickson, U. of Texas Austin
• Tony Frost, U. of Western Ontario
• Sumantra Goshal, LBS
• David Ketchen, Florida State
• Costas Markides, LBS
• Margie Peteraf, Dartmouth
• Nandini Rajagopalan, USC
• Paula Rechter, Cal State Fresno
• Peter Roberts, Emory
• Gerry Sanders, BYU

Schedule

Conversations

• On Business and Competitive Strategy: Jazzed up for Diverse Theoretical Insights
– Wally Ferrier & Tammy Madsen, Chairs
– Russ Coff; Janet Dukerich; Giovanni Gavetti; Jeff Reuer; Violina Rindova; Tim Rowley
• On Innovation
– Ron Adner & Hank Chesbrough, Chairs
– Phil Anderson; Ashish Arora; Clay Christensen; Raghu Garud
• On International Management and Strategy
– Eleanor Westney & Farok Contractor, Chairs
– Alan Rugman; Stephen Tallman
• On Corporate Leadership and Governance
– Cathy Maritan & Karen Schnatterly, Chairs
– Bob Hoskisson; Anju Seth; Margarethe Wiersema; Ed Zajac
• On Corporate Strategy
– Harbir Singh & Belen Villalonga, Chairs
– David Bryce; Jeff Dyer; Connie Helfat; Tarun Khanna; Phanish Purinam; Ed Zajac

Methods

• Experimental Methodology in Strategic and Technology Management
• Analyzing Panel Data
• Robust Regression
• Measuring Knowledge in Management Research
Teaching Workshops
• Innovating Methods for Teaching Strategic Management: Moving from Analysis to Action
• Teaching Strategic Management: Going Beyond the Case Method
• Teaching Entrepreneurial Strategy
• Effective Teaching to International Executives: Creating an Environment where Managers Learn
• Integrating Theory, Role Play, and Simulation in the Classroom: A Capstone Experiment

Other Skill Development

• Managing Your Dissertation
• Craft of Reviewing
• Learning the Art and Craft of Reviewing
• Valuing Diversity in the Academy of Management

Ad hoc Workshops

• Resource-Based View Workshop
• Adaptation vs. Selection in Industry Change: Toward a Contingency View
• Measuring Knowledge in Strategic Management
• Managing Open Innovation
• Dynamic Growth in Global Industries: Issues and Innovations
• Technological, Organizational and Institutional Perspectives on the Value Chain
• The Creative, Absorptive and Destructive Capacity of Operations and Management Strategy

Workshop Chairs

• Adner, Ron
• Agarwal, Rajshree
• Alcacer, Juan
• Anand, Jaideep
• Arend, Rich
• Benner, Mary
• Chesbrough, Hank
• Coff, Russ
• Croson, Rachel
• Dial, Jay
• Durand, Rodophe
• Ferrier, Wally
• Ford, Lucy
• Gittelman, Michelle
• Hom, Peter
• Jacobides, Michael
• Joshi, Maheshkumar
• Karriker, Joy
• Madsen, Tammy
• Maritan, Cathy
• Mayer, Kyle
• McGrath, Rita
• Miller, Douglas
• Murmann, Peter
• Penner-Hahn, Joan
• Pucik, Vladimir
• Rivkin, Jan
• Roberto, Michael
• Schnatterly, Karen
• Singh, Harbir
• Starbuck, Bill
• Tsang, Eric
• Vanhaverbeke, Wim
• Villalonga, Belen
• Westney, Eleanor
• Winter, Sidney

Awards (in process)

• Best paper
• Research-to-Practice
• Student paper

Two Proposals

• Create a “best symposium” award
• Acknowledge top 10 finalists on research-to-practice and student papers

Attachment #4: Ideas generated in virtual conference/teaching materials subgroup brainstorming

• Endorse “real” conferences that others initiate. Would need to develop guidelines, offer gesture of financial support, provide EC supervison/participation, and link with AoM conference.
• Matching service on web to allow researchers to identify potential collaborators, a BPS version of NBR.org.
• 3Create a SSRN for strategy (i.e., BPS RN). Would need norm for providing feedback and self-policing mechanisms.
• A BPS teaching Czar.
• Develop virtual conferences with bilind review, participation via web. Use prestigious folks to endorse/organize conference. Offer best paper awards.
• Generate interest with Newsletter.
• Create on-line chats with research experts or case writers.
• Create a web-base forum for exchanging teaching materials.
• Start virtual conferences with two narrow topics to manage scope.
• Need to solve incentive problem, perhaps by linking to journal special issue.
• Chairs would allocate papers for review and to participants. 
• Link with AoM meeting.
• Create on-line Proceedings.
• Create a virtual conference committee of EC members.

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