CIMBA Newsletter

February 2010
In This Issue
CIMBA Calendar of Events
CIMBA Undergraduate
Executive Programs
Al's Book Club
Meet the Alumni

Tejasvi Chugh

Tell us a little bit about yourself.
My name is Tejasvi Chugh, and I was born and raised in New Delhi, India. I graduated from CIMBA in 1995.  At present, I am the Senior Director of Corporate Development with Broadridge Financial Solutions (formerly the brokerage process services division of ADP Corporation).  Broadridge is arguably the world's largest investor communications and brokerage process outsourcing services providers, with a presence across the globe.  I lead merger, acquisition, and divestiture projects for the company and for the company's business incubator program.  In addition, I have responsibilities for strategic alliances, joint ventures, and strategic planning efforts.  Over the past 12+ years, I have worked for General Electric, PricewaterhouseCoopers, and IBM.  In addition to my corporate roles, I have also been an investment banker and a venture capitalist.
What would you say about your overall experience as a CIMBA student?
Italy was my first major foray outside the protected world of my parents and New Delhi.  But the warmth of Pordenone (the older campus for the CIMBA program), its people, and the Italian culture (as well as of the 50+ program members from 25+ countries) made me feel at home once again -- not to mention the charming beauty of the town, the food, and, last but certainly not the least, the simultaneously fun and serious nature of the well-designed CIMBA program. Looking back on my year in Italy, I would have to say that it was one of the most wonderful and memorable years of my life.  Needless to say, the richness of the international experience prepared me for the myriad of challenges that lay ahead both from a personal and professional perspective.  I have to say that the year did go by very quickly.  If given a chance, I would love to visit the current campus in Asolo and speak to both the students and faculty.  And I would strongly recommend the program to prospective students.
How has CIMBA affected your life, personally and professionally?
I'd say that the program really helped me mature into a more business savvy person who is well-suited for the challenges posed by transnational culture of today's global corporations.  I learned a ton, both from my multicultural fellow students and from the faculty.  The critical thinking and business reasoning skills I acquired through the CIMBA program have enabled me to compete at a global level.  The CIMBA program served as a strong foundation that I added to by continuing my education in the United States.
What else?
Other things to add?  I would do it again in a heartbeat if time travel were ever to become a reality.
Alumni Updates

Bryan Schutte, CIMBA UG Spring 2006 and Jamie Haverkamp recently became engaged. Bryan is working as a computer programmer/analyst at General Mills in Minneapolis, Minnesota. Jamie is a registered nurse at the University of Minnesota Hospital. They bought a house together in Hopkins, a suburb of Minneapolis.


New job? Moving somewhere new? Getting married? Other life changes? Want to volunteer your profile for the Meet the Alumni section?
Keep your fellow alums in the loop! Send your news items to and they will appear here the following month.
Quick Links
CIMBA Website
Tippie School of Management
CIMBA Alumni Association
CIMBA Alumni on LinkedIn
Undergraduate Blogs
Contact Us/Feedback
Calendar of Events:
March 2010

4 Mar.: MBA Finance Exam II
6, 7 Mar.: New Venture Development with Prof. Richard McCarty
10, 11, 13, 14 Mar.: MBA Managerial Economics (Micro) with Prof. Dan Benjamin
17 Mar.
: New Venture Development Exam I
18 Mar.: Leadership Workshop
20, 21, 27, 28 Mar.: MBA Marketing with Prof. John Murry
24 Mar.: Managerial Economics (Micro) Exam I
2 Mar.: Expatriate Panel Discussion
3 Mar.: Add a Seat to the Table
5, 6, 7 Mar.: Extended Travel Weekend!
8 Mar.: Soccer: Americans v. Italians
9 Mar.: History of the Veneto Seminar
10 Mar.: Company Visits
10 Mar.: Phi Beta Delta Makes Tiramisu
11 Mar.: Undergraduate Town Hall Meeting
11 Mar.: 2nd Gourmet Dinner
13 - 21 Mar.: Travel Week!
26 Mar.: Add a Seat to the Table
31 Mar.: Date with Professor Night
12, 13, 14 Mar.: LIFE Seminar
12, 13 Mar.: Finance & Managerial Accounting with Prof. Roy Pettibone
24 Mar.: Strengths Workshop


Past Issues

Greetings from CIMBA! We hope the first part of your year has treated you well. CIMBA has maintained its constant busy-busy-busy state -- since the last newsletter, we've brought in a new group of 142 undergraduates, hosted two LIFE seminars, held twenty CIMBA Advantage seminars for undergraduates, carried out four Da Vinci Challenges, coordinated a gourmet dinner, arranged and led two leadership competency workshops (one at the undergradudate and one at the graduate campus), coordinated a two-day MBA negotiations seminar, and, last but not least, held a Genesis Workshop. Needless to say, everyone on staff -- not to mention every student in the undergraduate and graduate modules -- is still catching their breath. Keep your eye on this newsletter to see where we run to next!

The CIMBA Staff
Between the regular class schedule and the consulting projects, the MBAs have certainly been busy since their return from the vacation they had over the holiday season. More recently, the MBAs have been through a variety of unique MBA trainings: the first was a Negotiations Skills workshop with Dr. George Siedel, the second was a Leadership Competency Workshop oriented toward "the self," and the third was the Genesis Workshop, which explored team dynamics revolving around the S.C.A.R.F. model (status, certainty, autonomy, relatedness, and fairness).

"The negotiations workshop was probably my favorite event thus far at CIMBA," says Tommy Thompson, a CIMBA MBA and Campus Life Coordinator at the undergraduate campus in Paderno del Grappa. "Dr. Siedel did an amazing job allowing us to hone our negotiating skills while providing us valuable insight into the tricky world of international communications."

To give you a better idea of the Genesis and Leadership Competency Workshops, they are interactive and team-oriented activities intended to allow MBAs to explore their reactions under given circumstances (such as those implicit in the S.C.A.R.F. model); they then to apply this internal or team exploration to fundamental concepts of neuroscience and NeuroLeadership. Keep your eyes on this block of the newsletter, which will further explore these personal development workshops, their effects, and their foundations in neuroscience!
CIMBA Undergraduate

Uros Bizjak has been with CIMBA since 2006.  Currently, he is a part of the CIMBA team in two capacities: as a part-time student at the MBA campus, and as a Campus Life Coordinator for the CIMBA Undergraduate Program in Paderno del Grappa.

First, tell us a little bit about yourself.

I got my B.Sc. in Management Information Systems from the University of Maribor, Slovenia, in 2008. During the time at the university, I worked as a teaching assistant at the Faculty of Organizational Sciences. After graduation, I worked for the Slovenia Control, Slovenian Air Navigation Company. I am also a team-building instructor and conduct various types of trainings for both students and executives. In my free time, I like adventure and outdoor sports like scuba diving, skiing, mountain biking, motorcycle riding, etc. I like to travel and get to know other cultures.     
What is your experience with CIMBA?
I have been coming to CIMBA since 2006 to assist Dr. Milan Pagon in conducting both low ropes and high ropes team-building courses. After graduating from college, I decided to enroll in a master's program and CIMBA MBA was the best alternative. Since August 2009, I've been working as an Undergraduate Campus Life Coordinator here in Paderno campus.
What about the CIMBA philosophy most appeals to you? What do you most identify with?
The philosophy that most appeals to me here at CIMBA is Mind-Based Performance, which is not about having the technical knowledge to perform a task -- it is about effectively supervising and leading others, making decision and problem solving processes visible to others, working together to transform obstacles into innovations, and thereby creating a work environment where people are motivated to excellence. I identify most with the rational thinking part of leadership.
What aspect of your work with the CIMBA undergraduate program do you enjoy most?
I really enjoy the academic aspects of my work. I am a teaching assistant in Business, Culture, & Society class and a coordinator for Microeconomic Theory class, which is a distance learning course. In addition to that, I really like to participate in conducting the Da Vinci Challenges and participating in the LIFE program.
What are you most looking forward to in the remainder of your time as a CIMBA MBA student?
I'm really looking forward to take the SAP system course and to the Six Sigma training; I think those classes offer real, hands-on experience. In addition to that, I look forward to finishing up the consulting project with my team and providing our customer with a solution that will help them streamline their internal work flow and communication processes.
CIMBA Executive Programs

LIFE - Leadership Initiative For Excellence

The next LIFE workshops will be held in Italy and Slovenia. The next edition open to the public will be on March 12, 13, 14 in Paderno del Grappa, Italy. Since the number of participants is limited, we strongly recommend sending your application as soon as possible. To enroll and to know more about LIFE you can send an email to

March 24th: Executive Strengths Workshop
"Come identificare i tuoi punti di forza ed esprimerli al meglio nel lavoro": how to identify your points of strength and how to best apply them to and express them through your profession. This workshop is open to the public and will be held in Italian. The objective is to discuss some practical tools aimed toward increasing the knowledge of your strengths, and how to make better use of them at work. This workshop is based on the latest scientific research regarding from managerial education.

April 9th & 10th: Kepner-Tregoe PSDM Workshop
This Kepner-Tregoe Problem Solving and Decision Making Workshop will be held in English and is open to the public. For more details, or to apply, please contact


CIMBA becomes official  KT Licensee for Italy

The strong emphasis on continuous and leading-edge research in leadership knowledge, rational process, and behavior skills resulted in CIMBA being selected as a strategic R&D and educational partner by Kepner-Tregoe in 1999. Since then, CIMBA uses managerial process tools developed by Kepner-Tregoe (KT) and integrates them into nearly every class, activity, and project in the program.


Several companies are getting tangible benefits from our in-company trainings, held in both English and in Italian. Using systematic and rational process tools, the managers are taught how to translate information into actionable strategies, and how to provide common language and common guidelines for effective organizational intercommunication.


If you are interested to get more information please send an email to

In-Company Training & Coaching
Several companies are getting tangible benefits thanks to CIMBA's in-company leadership development training and coaching. If you are interested, give us a call or send us an e-mail and we will show you what your ROI could be.
A-B-C: Al's Book Club 

As the current CIMBA MBA and undergraduate students know, we finally revealed our thinking on the relationship between Rational Intelligence (as measured by RQ) and Emotional Intelligence (as measured by EQ) -- our so-called "Marshmallow Hypothesis." The hypothesis has its origins in an interesting research project done by a Stanford University psychologist, Prof. Walter Mischel. Prof. Mischel demonstrated how important self-discipline and self-control is to lifelong success through a longitudinal study which began in the 1960s. The initial study involved 4-year-olds who were offered a marshmallow. They were told that they could eat it at any time they liked, but if they could wait for 15 minutes, they could have two marshmallows. About one-third of the children eat the marshmallow right away, some waited a little longer but did not earn the second marshmallow, and about one-third waited the 15 minutes (often "painfully").

Prof. Mischel had two children in the school in which the study was conducted. From time to time he would ask about various students who had participated in his study. He saw a pattern that encouraged him to interview the students several years later. The differences between the groups were dramatic: the resisters were more positive, self-motivating, persistent in the face of difficulties, and able to delay gratification in pursuit of their goals. They had the habits of successful people which resulted in more successful marriages, higher incomes, greater career satisfaction, better health, and more fulfilling lives than most of the population. Those having grabbed the marshmallow were more troubled, stubborn and indecisive, mistrustful, less self-confident, and still could not put off gratification. They had trouble subordinating immediate impulses to achieve long-range goals. This impulse followed them throughout their lives and resulted in unsuccessful marriages, low job satisfaction and income, bad health, and frustrating lives. You can see an interesting application of the study to the Latin American students with the same results at We hypothesized that self-discipline and self-control were some of the best measures for success and began to hypothesize against emotional regulation, decision-making competency, emotional regulation, leadership/management style, subordinate engagement level, trainability/coachability, and leadership self-deception -- all with impressive results. 

Neuroscience and social psychology taught research suggests the explanation is self-awareness and its prerequisite, mindfulness. If I am mindful of my emotional state, I can "move" my brain away from an emotional part to a more rational part. The works of Profs. Ochsner, Gross, and Baumeister on emotional regulation (labeling and reappraisal) strongly support this line of thinking, something we have talked about in previous ABCs. That leads us to this month's book: Prof. Ellen J. Langer's Counterclockwise: Mindful Health and the Power of Possibility.
Not only does mindfulness -- being more self-aware (EQ) -- lead to being more rational rather than impulsive (RQ); and not only does it bring about more effective managers and leaders -- it also significantly impacts health and well-being. As Prof. Dan Siegel makes clear (last month's ABC), mindfulness does not require meditation. As Prof. Lager shows, when people are persuaded to think mindfully about what they are doing, they adopt more positive and empowering beliefs about themselves, and they feel and perform better.
An interesting insight into Langer's thinking comes from an understanding of the study from which the book's title is taken.  Conducted in 1979, the study involved two small groups of elderly men who were housed for a week in quarters carefully designed and decorated to "replicate" the world of 1959. The "experimental" group was instructed to imagine themselves living in that time period, going about their lives as though that year were the present. Conversations and discussions were to be conducted in the present tense. The control group went on a separate retreat in the same surroundings, but their bios were written in the past tense, their photos were current, and they were to "reminisce" about the past with the intent to keep their minds focused on the fact that it was not 1959. Langer's research team went to great lengths to mimic 1959, including television, radio and physical objects the subjects would encounter. (In her book, she mentions that the discussion of the Baltimore Colts 31-16 defeat of the New York Giants in the NFL championship game generated a particularly heated debate.) What happened was quite insightful: signs of aging decreased in both groups, with greater gains for the experimental subjects. Subjects in both groups gained weight, increased joint flexibility, improved intelligence scores, and looked noticeably younger -- with the experimental subjects gaining more in each category measured.
"Minds Wide Open" has seemingly become the new mantra at CIMBA and the book serves to open our minds to "what is possible instead of presuming impossibility." Langer looks to mindfulness, or self-awareness, as a vehicle to better health. At CIMBA, we see mindfulness and the self-awareness it enhances as primary vehicles for emotional regulation. From a neuroscience standpoint, we are talking about the "brain's braking system," the right ventrolateral prefrontal cortex (I encourage you to take a look at Matt Lieberman's article "The Brain's Braking System" in the latest edition of the NeuroLeadership Journal). By having a greater sense of our emotional state (self-awareness), we have the ability to dampen down an emotion that may otherwise lead to an inappropriate behavior. At CIMBA, mastering a leadership competency has come to be understood as having command of both the requisite skill and requisite behavior. Being self-aware gives us the necessary time (recall our discussion of "veto power" in prior ABC's) to activate more rational parts of our brain -- in this case first the right ventrolateral prefrontal cortex -- and make more reasoned decisions. We believe that the ability for a manager/leader to be sufficiently self-aware (EQ) in order to activate effective rational processes (RQ) is far more important than IQ.