Welcome to the Wharton Club of Northern California - Refresh Your MBA: Wharton Professor Eric K. Clemons

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Refresh Your MBA: Wharton Professor Eric K. Clemons

Dealing with Risk and Uncertainty: How to Prepare Your Business for the Future
Prof. Clemons will discuss the lessons of taking the surprise out of surprise and employing the power of pattern recognition in dealing with an uncertain world....

Please join us in welcoming Wharton Operations and Information Management Professor Eric Clemons back to the Bay Area. Prof. Clemons will host an interactive presentation applying the lessons of taking the surprise out of surprise and employing the power of pattern recognition in dealing with an uncertain world...and the implications of these lessons for the United States and the global economy.

Issues to be covered include:
Distinguishing between risk and uncertainty. With risk, you can play the odds. With uncertainty, you can't know the odds. What kinds of things can you do to impose structure and convert unknowable uncertainty into knowable risk?

How do you find patterns in business? What is Scenario Analysis, and how can it help us predict possible futures?

What is the role of history? How do we find similar patterns in business? How can pattern recognition and previous experience make the difference?

Implications for the Bay Area: Sometimes it seems as though the only certain thing for technology companies in particular--and for all of today's companies in general--is the mountain of uncertainty that they live with day in, day out and year in, year out. How can companies use these tools and processes to convert uncertainty to risk that they can proactively deal with?

Plan now to join us for a lively discussion with Prof. Clemons!

Register online

Date. Wednesday, March 8th, 2006
Time. 6:00-7:00pm: Reception with appetizers. 7:00-8:00pm: Presentation/Discussion
Place. Palo Alto Research Center (PARC) Directions
3333 Coyote Hill Road, Palo Alto, CA 94304
Fee. $25 each for WCNC members and their accompanied guest(s). $35 each for non-member alumni and other guests. $25 each for members of affiliate clubs. $10 additional after 2:00pm, Tuesday, March 7th and for day-of-event registrations.

Professor Eric Clemons
Dr. Eric K. Clemons is Professor of Operations and Information Management at The Wharton School of the University of Pennsylvania. He has been a pioneer in the systematic study of the transformational impacts of information on the strategy and practice of business. His research and teaching interests include strategic uses of information systems, information economics, the changes that information technology enables in the competitive balance between new entrants and established industry participants, transformation of distribution channels, and the impact of information technology on the risks and benefits of outsourcing and strategic alliances.

In his consulting practice, Dr. Clemons focuses on helping clients anticipate the fundamental impacts information technology will have on the structure of their industries and on the future strategies available to their firms. This has enabled his clients to develop strategies and prepare for their rapid deployment. His work with clients extends beyond strategy formulation and includes the successful management of strategic change.

His education includes an S.B. in Physics from MIT and an M.S. and Ph.D. in Operations Research from Cornell University. Dr. Clemons has twenty-eight years experience on the faculties of Wharton, Cornell, and Harvard, and consulting experience in the private and public sectors both domestically and abroad.

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