The Right Executive Decision. - The Paul Merage School of Business
The Right Executive Decision. - The Paul Merage School of Business
The Right Executive Decision. - The Paul Merage School of Business
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<strong>Executive</strong> MBA Programs<br />
MPAA 101<br />
Irvine, California 92697-3130<br />
949.824.0561<br />
<strong>Executive</strong>MBA@merage.uci.edu<br />
merage.uci.edu<br />
<strong>The</strong> <strong>Right</strong> <strong>Executive</strong> <strong>Decision</strong>.<br />
<strong>Executive</strong> MBA | Health Care <strong>Executive</strong> MBA
<strong>Executive</strong> MBA Programs<br />
vs. Traditional MBA<br />
<strong>The</strong> <strong>Merage</strong> <strong>School</strong> <strong>of</strong>fers two <strong>Executive</strong> MBA<br />
programs: <strong>Executive</strong> MBA (EMBA) and<br />
Health Care <strong>Executive</strong> MBA (HCEMBA).<br />
<strong>The</strong> EMBA is a specific type <strong>of</strong> accredited<br />
MBA program created for experienced<br />
pr<strong>of</strong>essionals including entrepreneurs,<br />
senior managers, directors, VPs, presidents,<br />
CFOs and CEOs. <strong>The</strong> HCEMBA is a niche<br />
EMBA for industry pr<strong>of</strong>essionals from the<br />
intersecting worlds <strong>of</strong> biotech, medical device,<br />
pharmaceutical, managed care, insurance,<br />
healthcare services, and healthcare policy.<br />
While the degree is the same, <strong>Executive</strong><br />
MBA programs differ from traditional MBA<br />
programs in a number <strong>of</strong> ways. For example:<br />
<strong>The</strong> EMBA and HCEMBA class members<br />
typically have on average 15 years and 12<br />
years <strong>of</strong> work experience with a minimum <strong>of</strong><br />
eight and five, respectively.<br />
<strong>The</strong> EMBA/HCEMBA part-time class<br />
schedules allow for busy pr<strong>of</strong>essionals<br />
to continue working while pursuing their<br />
studies.<br />
<strong>The</strong> EMBA/HCEMBA curriculum follows the<br />
same high standards as our full-time MBA<br />
program, while adjusting for the high level<br />
<strong>of</strong> experience and knowledge that more<br />
senior participants bring to the classroom.<br />
Most importantly, the programs encourage<br />
you to bring work issues to class — your<br />
experienced fellow students and faculty will<br />
help you develop a solution that you can bring<br />
back to the <strong>of</strong>fice and implement on Monday!<br />
“<strong>The</strong> <strong>Merage</strong> EMBA program<br />
has enriched my life and<br />
brought meaning to many<br />
areas where there were<br />
only intuitive hunches. This<br />
experience can’t help but<br />
further one’s career options<br />
— you have so much more<br />
to <strong>of</strong>fer, so much more you<br />
can contribute.<br />
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”<br />
Jane Terry | EMBA Class <strong>of</strong> 2009<br />
President<br />
Ajax Boiler, Inc.
Centers <strong>of</strong> Excellence<br />
Provide Learning<br />
Opportunities<br />
<strong>The</strong> <strong>Paul</strong> <strong>Merage</strong> <strong>School</strong><br />
<strong>of</strong> <strong>Business</strong> is home to six<br />
renowned think tanks known<br />
as our Centers <strong>of</strong> Excellence.<br />
<strong>The</strong>y provide numerous<br />
opportunities for you to<br />
collaborate, work and learn<br />
from respected business and<br />
industry leaders.<br />
<strong>The</strong> Don Beall Center<br />
for Innovation and<br />
Entrepreneurship<br />
<strong>The</strong> Center for Leadership<br />
and Team Development<br />
<strong>The</strong> Center for Real Estate<br />
<strong>The</strong> Center for Health Care<br />
Management and Policy<br />
<strong>The</strong> Center for Investment<br />
and Wealth Management<br />
Why <strong>Merage</strong>?<br />
If you’re looking to increase your salary, earn a promotion and gain valuable<br />
recognition from top management — while creating value for your company —<br />
then the <strong>Merage</strong> <strong>Executive</strong> MBA programs are right for you. <strong>The</strong>y are specifically<br />
designed for mid-career pr<strong>of</strong>essionals on an executive career path and deliver<br />
the real-world knowledge, valuable connections and prestigious credentials to<br />
advance your career.<br />
<strong>The</strong> <strong>Merage</strong> <strong>Executive</strong> MBA programs <strong>of</strong>fer you a competitive advantage — an<br />
environment <strong>of</strong> diversity and innovative ideas that include:<br />
top-ranked faculty who are immediately accessible to you<br />
outstanding peer group with years <strong>of</strong> pr<strong>of</strong>essional knowledge and experience<br />
executive perspective with specialized career services tailored to your needs<br />
immediate application <strong>of</strong> classroom concepts to your job and organization<br />
“You have a room full <strong>of</strong> students<br />
who are CEOs, CFOs and<br />
directors, and faculty who are<br />
experts in their fields. <strong>The</strong>y<br />
meet in a safe environment<br />
to have thoughtful, in-depth<br />
conversations that impact our<br />
daily business. With that format<br />
and braintrust, the end results are<br />
always extremely valuable.<br />
Dean Andrew J. Policano<br />
<strong>Executive</strong> MBA<br />
program is ranked #1<br />
in southern California<br />
for two years running (11th<br />
in the U.S.) by Financial<br />
Times (2007, 2006).<br />
Health Care<br />
<strong>Executive</strong> MBA<br />
is nationally ranked #10<br />
<strong>Merage</strong>: Preparing<br />
You for Change<br />
Like most people, your career goals have evolved throughout your<br />
life. Whether your new goal is realizing a lifelong dream by launching<br />
your own enterprise, changing your career or becoming a leader in<br />
your company or industry, the <strong>Merage</strong> <strong>School</strong> can help you achieve<br />
your potential.<br />
At <strong>Merage</strong>, you’ll build a valuable set <strong>of</strong> business contacts among<br />
your fellow students and alumni — as well as many <strong>of</strong> the world’s<br />
business leaders who partner with the <strong>Merage</strong> <strong>School</strong>’s programs<br />
and goals. <strong>The</strong> program will also help you develop leadership skills<br />
to support your career growth and prepare you for your future role as<br />
a corporate executive or CEO <strong>of</strong> your own company.<br />
I invite you to take the next step in your pr<strong>of</strong>essional life with an<br />
<strong>Executive</strong> MBA from the prestigious <strong>Paul</strong> <strong>Merage</strong> <strong>School</strong> <strong>of</strong> <strong>Business</strong><br />
<strong>The</strong> Center for Research<br />
on Information Technology<br />
and Organizations<br />
”<br />
Ryan Kaneshiro | EMBA Class <strong>of</strong> 2007<br />
Director <strong>of</strong> <strong>Business</strong> Analytics and<br />
by Modern Healthcare (2007). at UC Irvine.<br />
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Financial Planning & Analysis<br />
Oakley, Inc.<br />
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5
Two programs.<br />
Unlimited possibilities.<br />
<strong>The</strong> <strong>Merage</strong> <strong>Executive</strong> MBA<br />
<strong>of</strong>fers two highly specialized<br />
programs — the <strong>Executive</strong> MBA<br />
program (EMBA) and the Health<br />
Care <strong>Executive</strong> MBA program<br />
(HCEMBA). <strong>The</strong>se specializations<br />
were designed to accommodate<br />
your job responsibilities, direction<br />
and growth within your company.<br />
GlaxoSmithKline recognized the<br />
value <strong>of</strong> both our <strong>Executive</strong> MBA<br />
programs and subsequently sent five<br />
<strong>of</strong> their executives to <strong>Merage</strong>. Four<br />
<strong>of</strong> them enrolled in the HCEMBA<br />
program, while one participated in<br />
the EMBA program. <strong>The</strong> <strong>Merage</strong><br />
<strong>Executive</strong> MBA programs are an<br />
excellent opportunity for you, your<br />
peers and your organization to<br />
implement and foster innovative<br />
thinking and ideas.<br />
GlaxoSmithKline Representatives<br />
(L-R) Tony Martin | HCEMBA Class <strong>of</strong> 2008<br />
Director, Field Sales Effectiveness – West Sector<br />
Gina Perrone | HCEMBA Class <strong>of</strong> 2009<br />
Senior Pharmaceutical Sales Representative<br />
Erik Oller | HCEMBA Class <strong>of</strong> 2008<br />
<strong>Executive</strong> <strong>The</strong>rapeutic Specialist<br />
Jenna Ramesh | HCEMBA Class <strong>of</strong> 2008<br />
<strong>Executive</strong> <strong>The</strong>rapeutic Specialist<br />
Stephanie Klein | EMBA Class <strong>of</strong> 2008<br />
<strong>Executive</strong> <strong>The</strong>rapeutic Specialist<br />
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(L-R) Cyril Sirk | HCEMBA Class <strong>of</strong> 2005, Co-Founder and Chief Operating Officer<br />
Tom Ramos | HCEMBA Class <strong>of</strong> 2008, Director <strong>of</strong> Flow Cytometry<br />
“<strong>The</strong> residentials were exceptional. During the Federal Health Care Policy<br />
residential, we attended lectures on Capitol Hill in Washington, D.C. and<br />
visited significant venues. <strong>The</strong> MBA program granted us special access to<br />
political sites and influential people that we might not have met otherwise.<br />
Residentials — Out <strong>of</strong> the<br />
Classroom and into the World<br />
You’ll gain some <strong>of</strong> the most valuable and enjoyable learning opportunities during our <strong>of</strong>f-site<br />
learning experiences, called residentials. Few other <strong>Executive</strong> MBA programs <strong>of</strong>fer a sequence<br />
<strong>of</strong> required residentials making the <strong>Merage</strong> EMBA program truly unique. Fees for the programs,<br />
speakers, events, transportation and hotels are generally included in your tuition, with the<br />
exception <strong>of</strong> airfare to the International or Health Care Policy residentials.<br />
Opening Residential: Management <strong>of</strong> Complex Organizations<br />
For both EMBA and HCEMBA — Scheduled prior to your first day <strong>of</strong> class, you’ll be introduced<br />
to your class and study groups <strong>of</strong> fellow pr<strong>of</strong>essionals while learning how to analyze organizations.<br />
This is an excellent opportunity to become acquainted with your colleagues and future teammates<br />
before regular classes begin. (five days)<br />
International Residential: Global <strong>Business</strong> II<br />
For EMBA only — <strong>Executive</strong> students agree that this is one <strong>of</strong> the highlights <strong>of</strong> the EMBA<br />
program. It provides a unique opportunity to experience global business firsthand from a corporate,<br />
academic and cultural standpoint. Recent residentials have been held in Russia, Shanghai/Beijing,<br />
and Hong Kong/Guangzhou. As we are always researching emerging markets, the locations for<br />
international residentials are determined based on that criteria. (five days)<br />
Federal Health Care Policy Residential<br />
For HCEMBA only — In year two <strong>of</strong> the program, HCEMBA students travel to Washington, D.C.<br />
where they have the opportunity to meet with health care industry leaders, policy analysts,<br />
politicians, and others who are involved in the legislative and regulatory process. You will gain a<br />
better understanding <strong>of</strong> the health care issues being debated by Congress and learn firsthand<br />
how the legislative and regulatory process works. (five days)<br />
”<br />
Cyril Sirk | HCEMBA Class <strong>of</strong> 2005<br />
Co-Founder & Chief Operating Officer<br />
Final Residential: <strong>Executive</strong> Leadership<br />
For both EMBA and HCEMBA — Both <strong>Merage</strong> <strong>Executive</strong> MBA programs culminate in a<br />
capstone residential course on <strong>Executive</strong> Leadership. It provides a 360-degree evaluation <strong>of</strong><br />
each student and allows you to reflect on what you have learned, how you have developed<br />
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PrimeGen Biotech<br />
pr<strong>of</strong>essionally and how you will shape your future as a business manager and leader. (five days)<br />
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Numbers Don’t Lie<br />
EMBA<br />
Entering vs. Exiting Salaries<br />
100%<br />
0%<br />
$100K - $200K<br />
$75K - $100K<br />
$60K - $75K<br />
$50K - $60K<br />
Salary Entering<br />
<strong>Merage</strong> EMBA<br />
$200K +<br />
$100K - $200K<br />
$75K - $100K<br />
$60K - $75K<br />
Salary Exiting<br />
<strong>Merage</strong> EMBA<br />
24%<br />
<strong>Executive</strong> MBA<br />
Average Salary Increase<br />
30%<br />
Health Care <strong>Executive</strong> MBA<br />
Average Salary Increase<br />
While in the program, <strong>Merage</strong> MBA<br />
students experienced salary increases<br />
exceeding the national average for all<br />
executive MBA programs.<br />
Figures from: 2005-06 Student Exit Benchmarking<br />
Survey Competitive Intelligence Report, <strong>Executive</strong><br />
MBA Council.<br />
“My goal is to be a CEO<br />
<strong>of</strong> a large corporation,<br />
and so an MBA is a<br />
necessity because<br />
it gives me a broad<br />
understanding <strong>of</strong> all<br />
aspects <strong>of</strong> business.<br />
My career options<br />
will certainly expand<br />
because <strong>of</strong> this<br />
program.<br />
”<br />
Jon Dvorak | EMBA Class <strong>of</strong> 2009<br />
Manager <strong>of</strong> Projects and Planning,<br />
International Operations<br />
Blizzard Entertainment<br />
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“<strong>The</strong> network established with<br />
my class has resulted in not<br />
only good friendships, but<br />
also in the continued sharing<br />
<strong>of</strong> knowledge and job<br />
opportunities.<br />
”<br />
Debra Floyd | EMBA Class <strong>of</strong> 2005<br />
Design and Build Value Stream Manager –<br />
Flight Operations, Test and Validation<br />
Boeing Commercial Airplane Company<br />
Specialized <strong>Executive</strong><br />
Career Services<br />
With one <strong>of</strong> the most innovative approaches to senior<br />
level career services available anywhere, the <strong>Merage</strong><br />
<strong>School</strong> has the resources to help you with your<br />
career today — and tomorrow. Our <strong>Executive</strong> Career<br />
Services are specifically tailored to meet your needs<br />
and you can rely on our knowledgeable staff to provide<br />
you with:<br />
Conferences/Workshops/Seminars<br />
Annual Career Strategies for <strong>Executive</strong>s Conference<br />
Workshops<br />
– Creating Your Elevator Speech<br />
– Corporate Etiquette for <strong>Executive</strong>s<br />
– Networking: Creating a Platform for Growth<br />
– <strong>Executive</strong> Resume Writing<br />
– Developing an <strong>Executive</strong> Career Blueprint<br />
– Personal Branding and Image Management for<br />
Career Development<br />
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Seminars<br />
– Insider Tips: How to Work with<br />
<strong>Executive</strong> Recruiters<br />
– Emotional Intelligence:<br />
A CEO’s Perspective<br />
– Closing the Deal: Knowing Your Worth<br />
in the Marketplace<br />
– Strategic Career Management for<br />
Physicians and Clinical Leaders:<br />
What to do Next<br />
Pr<strong>of</strong>essional Development<br />
<strong>Executive</strong> Career Coaching<br />
<strong>Executive</strong> Mentoring Programs<br />
– <strong>Merage</strong> <strong>Executive</strong> to <strong>Executive</strong> (E2E)<br />
Mentoring Program<br />
– Just in Time (JIT) Mentoring<br />
– Industry Insights – Peer Mentoring<br />
Corporate Board Governance Certification<br />
<strong>Executive</strong> Career Development Series<br />
<strong>Merage</strong> Career Partners<br />
Online Resources<br />
<strong>Executive</strong> and Alumni Experienced-Hire<br />
Resume Database<br />
Career Assessment Tools<br />
<strong>Merage</strong> Biweekly Job Postings<br />
Searchable <strong>Merage</strong> Alumni Database<br />
24/7 Document Library<br />
Career Webinars<br />
All students have access to a pr<strong>of</strong>essional<br />
<strong>Executive</strong> Career Coach on staff as well as<br />
other executive coaches who are matched<br />
based on function and/or industry area.
“Many physicians have<br />
been on the receiving<br />
end <strong>of</strong> business, having<br />
guidelines and rules<br />
imposed on them by<br />
insurance companies,<br />
the government and<br />
others. <strong>The</strong> HCEMBA<br />
program <strong>of</strong>fers an<br />
opportunity to take<br />
control and develop<br />
how they would like to<br />
practice and the type<br />
<strong>of</strong> organization they<br />
would like to practice<br />
in, rather than having<br />
things imposed on<br />
them.<br />
”<br />
<strong>Paul</strong> Feldstein, PhD<br />
Pr<strong>of</strong>essor and Robert Gumbiner Chair<br />
in Health Care Management<br />
Education: PhD, University <strong>of</strong> Chicago<br />
Distinguished and Experienced Faculty<br />
At the <strong>Merage</strong> <strong>School</strong>, you’ll learn from the<br />
best. Our distinguished faculty publishes<br />
influential books, conducts cutting-edge<br />
research and regularly consults with<br />
Fortune 500 companies. This prestigious,<br />
internationally-known faculty has consistently<br />
ranked high in respected business and<br />
industry publications.<br />
1st in the U.S. for percentage <strong>of</strong> women<br />
faculty by Financial Times (2007)<br />
3rd in the U.S. * for faculty research<br />
contribution, University <strong>of</strong> Texas Study<br />
(2004)<br />
5th for faculty intellectual capital by<br />
<strong>Business</strong>Week (2003)<br />
18th in the world for faculty research,<br />
Financial Times (2007)<br />
In 2007, the Financial Times noted that 35%<br />
<strong>of</strong> <strong>Merage</strong> faculty are women — placing<br />
us 3rd in the world for proportion <strong>of</strong> female<br />
faculty members. This creates an exceptional<br />
environment for current and future<br />
businesswomen.<br />
*When adjusted for faculty size<br />
Jone L. Pearce, PhD<br />
Pr<strong>of</strong>essor, Organization & Management<br />
Education: PhD, Yale University<br />
Many <strong>of</strong> our cutting-edge faculty come from<br />
the most respected institutions in the country<br />
— including Harvard, MIT and Stanford. And<br />
they bring an incredible body <strong>of</strong> knowledge<br />
from their experiences at these schools into<br />
the classroom.<br />
Of course, learning global business isn’t<br />
just academic at the <strong>Merage</strong> <strong>School</strong>. Many<br />
<strong>of</strong> our faculty members have lived, worked<br />
and consulted overseas. In fact, our faculty<br />
is ranked 21st among U.S. business schools<br />
for international diversity, according to the<br />
Financial Times 2007 MBA Rankings. And<br />
you’ll have the opportunity to learn from —<br />
and personally get to know — this highly<br />
accomplished group <strong>of</strong> individuals.<br />
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Alumni and Networking —<br />
Connections for Life<br />
<strong>Merage</strong> Alumni automatically receive many<br />
lifetime benefits and services. <strong>The</strong> <strong>School</strong><br />
provides many opportunities to effectively<br />
connect with the <strong>Merage</strong> community through<br />
networking opportunities and events, the<br />
alumni database, career services, continuing<br />
executive education, monthly e-newsletters<br />
and volunteer opportunities.<br />
Our robust and powerful alumni network<br />
stretches from southern California across<br />
the United States, into Europe and Asia,<br />
and around the world. Through the <strong>Merage</strong><br />
<strong>School</strong>, you’ll expand your network to include<br />
national and international business leaders,<br />
<strong>Merage</strong> alumni, and our many corporate<br />
partners.<br />
<strong>Merage</strong> alumni benefits include:<br />
Programs<br />
– Invitations to corporate/networking events<br />
– Quarterly alumni events in Orange<br />
County, Los Angeles and San Diego<br />
– Annual regional events in San Francisco,<br />
Chicago, New York and Washington, D.C.<br />
Career resources<br />
Continued learning with a lifetime privilege<br />
to audit <strong>Merage</strong> classes<br />
Communications<br />
– Monthly networking luncheons in<br />
Orange County<br />
– Informative monthly e-newsletter<br />
Online Services<br />
– <strong>Merage</strong> alumni website<br />
– Online searchable alumni database<br />
– Lifelong e-mail forwarding<br />
– Online job postings<br />
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Is the <strong>Merage</strong> <strong>Executive</strong> MBA<br />
Program <strong>Right</strong> for You?<br />
Some Guidelines to Help You Make Your <strong>Decision</strong><br />
An <strong>Executive</strong> MBA program is not for everyone<br />
— the program requires an experienced,<br />
diligent, dedicated individual for completion.<br />
While successful candidates are varied, they<br />
share some common traits.<br />
Your Educational Background<br />
All EMBA and HCEMBA candidates have<br />
a bachelor’s degree, and some have also<br />
earned graduate or pr<strong>of</strong>essional degrees in<br />
fields other than business administration, such<br />
as engineering, computer science, law or<br />
medicine. A small number hold PhDs.<br />
Your Work Experience<br />
For the <strong>Executive</strong> MBA program, a minimum<br />
<strong>of</strong> eight years <strong>of</strong> experience is required; for<br />
the HCEMBA, a minimum <strong>of</strong> five years <strong>of</strong><br />
health care experience is required, including<br />
positions with management responsibility. We<br />
strongly value your experience and it is an<br />
important part <strong>of</strong> consideration for admission.<br />
A record <strong>of</strong> significant achievement is a good<br />
indicator <strong>of</strong> your ability to succeed.<br />
Your Current Employment<br />
You will benefit most if you can apply<br />
the knowledge and skills learned in the<br />
classroom in your position, especially if you<br />
have significant management responsibility.<br />
Employer support is critical, typically from a<br />
top manager or executive. You must arrange<br />
release time and may receive financial support<br />
from your employer.<br />
Your Career Goals<br />
How will you use your new knowledge and<br />
skills to further your career goals? Are there<br />
specific job opportunities within your company<br />
or industry that an <strong>Executive</strong> or Health Care<br />
<strong>Executive</strong> MBA would help you attain? Are<br />
you looking to change industries or start your<br />
own business? When you have a clear goal,<br />
it positions you as a successful candidate for<br />
admission and will help you commit to and<br />
complete the rigorous program.<br />
Your Motivation and Temperament<br />
Do you possess the energy, drive and<br />
ambition to succeed? Typically, a high<br />
percentage <strong>of</strong> <strong>Executive</strong> or Health Care<br />
<strong>Executive</strong> MBA students are hard-driving,<br />
take-charge personalities. However, people<br />
with creative and thoughtful personalities can<br />
also succeed by drawing on their distinctive<br />
strengths.<br />
Achieve your potential.<br />
When Dr. Haresh Jhangiani, Chairman <strong>of</strong> ClinicAid and President/<br />
CEO <strong>of</strong> Compassionate Cancer Care Medical Group started the<br />
HCEMBA program, he had been in practice for one year. Upon<br />
meeting classmates Drs. Dwight Tapp and Kim Tran, the idea for<br />
a new company took shape. <strong>The</strong>y knew what they wanted — a<br />
business that complemented their passions, education and<br />
experience in science and medicine.<br />
That’s how ClinicAid Research Management, a Contract<br />
Research Organization specializing in clinical research for<br />
physicians was born with a staff <strong>of</strong> just two employees. Through<br />
their business knowledge and leadership capabilities, Tapp as<br />
CEO and Tran as COO, grew the company to a staff <strong>of</strong> 12 and<br />
today it is achieving enormous success. Jhangiani says, “I was<br />
starting a new practice and building my own business so going<br />
to school was very difficult. But the hard work is paying <strong>of</strong>f. We<br />
are now realizing the rewards.”<br />
(L-R) Kim Tran, DO | HCEMBA Class <strong>of</strong> 2005, Chief Operating Officer;<br />
Haresh Jhangiani, MD | HCEMBA Class <strong>of</strong> 2005, Chairman;<br />
Dwight Tapp, PhD | HCEMBA Class <strong>of</strong> 2005, Chief <strong>Executive</strong> Officer<br />
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