ABOUT A SNAPPY ACRONYM, CISTM, SHORT FOR THE CENTER FOR INFORMATION SYSTEMS TECHNOLOGY
MANAGEMENT, is a title that goes to the very heart of the mission of this
research center, established at CBA during the 1997-98 academic year. Launched with a
planning grant from the university's Critical Research Initiative, CISTM has gone on to
secure full funding almost $145,000 for a two-year study of electronic
commerce. This award underwrites work by a fifteen-member interdisciplinary task force,
drawn not only from Commerce, but also from the faculties of the College of Engineering,
Beckman Institute, the National Center for Supercomputing Applications, and the Department
of Psychology. Their mission is to find ways that information technology can be viewed as
the enabler for new business models and strategies. "The core of the proposed
research is applying multidisciplinary approaches integrating technology and strategic
perspectives to study the emerging electronic commerce and to identify new business models
and insights," notes Mike Shaw, professor of business administration and director of
the center. Shaw cites seven areas of research:
Other CBA profs involved in the project include: Andy Bailey, David Gardner, Charles Kahn, Kent Monroe, Greg Oldham, Seymour Sudman, and Howard Thomas.
Drawing on the strength of the Commerce faculty, Shaw is working with other faculty members and industrial partners to add research and learning programs in technology strategy and high-tech entrepreneurship.
THE OFFICE OF REAL ESTATE RESEARCH (ORER) along with several other real estate programs throughout the United States, was selected to receive a three-year, $60,000 grant from the Research and Education Trust Fund of the Mortgage Bankers Association of America, in support of ORER's real estate finance program. In conjunction with Loyola University, Chicago, the Illinois Mortgage Bankers Association, and the Northern Illinois Commercial Association of Realtors, ORER used the grant to offer a seven-week course in the spring of 1998 titled "Commercial Mortgage Securitization." The course was held on the Loyola campus and will be offered again in the spring of 1999, along with a two-week short course about current issues in the commercial mortgage securitization industry.
Grant money is also funding a Mortgage Bankers Association Lecture Series, held on the
UIUC campus in conjunction with the Real Estate Financial Markets course. Speakers for the
lecture series include prominent industry professionals and academicians speaking on a
variety of topics related to real estate finance.
A NEW COURSE TITLED "ISSUES IN ARCHITECTURE" WAS OFFERED IN THE SPRING OF 1998 by the College of Fine and Applied Arts with funding provided by an outside donor through the Office of Real Estate Research. The course was created to offer business students an opportunity to learn about issues in architecture. It will be offered again in the spring of 1999.
THE ORER IS SERIOUS ABOUT THE QUALITY OF ARTICLES IN ITS ILLINOIS REAL ESTATE LETTER. So serious, in fact, that it offers awards of up to $2,000 for articles accepted for publication. Since implementing this policy, the articles in the newsletter have been of extremely high quality. As an industry-funded, university-based research center, ORER has an obligation to present conceptual issues in a format that is accessible to the educational community, the professional real estate community, and interested members of the public. The highly regarded Illinois Real Estate Letter does just that.
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