December 5, 2000
Volume 47
Number 14

Strategic Alliance: Wharton School and Internet Capital Group

Internet Capital Group (ICG), a leading business-to-business e-commerce company, and the Wharton School announced last week a major alliance to support and accelerate the School's e-business initiative.

The Wharton e-Business Initiative (WeBI) is an academic/industry partnership encompassing research, corporate initiatives and curriculum development in the e-business arena.

"One of the key strengths of WeBI is its ability to leverage the expertise of leading businesses around the world that are dealing with critical e-business issues in real-time," said Dr. Patrick T. Harker, dean of the School and Reliance Professor of Management and Private Enterprise."We sought a partnership with ICG because this business builder embodies the vision, leadership, talent and collective knowledge required for a serious dialogue about the future of business, particularly in the B2B marketplace.''

Through the newly named ICG/Wharton Forum on Electronic Business, WeBI and ICG will create and disseminate new research and knowledge that will enable businesses to maximize the opportunities created by the Internet. In addition, this new knowledge will enhance current WeBI educational programs that prepare current and future business executives to lead effectively and efficiently in a rapidly changing business environment.

"The skills, experience and legacy understanding of business evolution within this collaboration represents a cumulative and aggregate B2B knowledge base unmatched in the industry," said Walter Buckley, president and CEO at ICG. "ICG has spent the past five years building a far-reaching network of B2B companies, and we welcome the opportunity to share our knowledge and experience to propel WeBI while leveraging Wharton's deep understanding of business evolution and the Fortune 500 to benefit the growth of our partner companies and the overall acceleration of e-business adoption."

"This partnership marries the most comprehensive research, real-world knowledge and Internet assets and expertise, all of which will accelerate the growth of e-business and fundamentally change the way business is done," added Dr. Raffi Amit, director of WeBI and the Robert B. Goergen Professor of Entrepreneurship.

The Wharton e-Business Initiative (WeBI) is a unique partnership among business leaders, faculty and students to generate and disseminate knowledge about e-business through research, academic programs and a range of corporate engagement programs.

Internet Capital Group (www.internetcapital.com) is an Internet company actively engaged in business-to-business e-commerce through a network of partner companies. It provides operational assistance, capital support, industry expertise, and a strategic network of business relationships intended to maximize the long-term market potential of more than 70 business-to-business e-commerce companies. Headquartered in Wayne, Pa., Internet Capital Group has offices in San Francisco, Boston, London, Munich, Paris, Tokyo and Hong Kong.


Wednesday, December 6, 2000,

from 4 to 6 p.m.

Bodek Lounge, Houston Hall

Members of the University who wish to attend as observers should so indicate by calling the Office of the Secretry, (215) 898-7005.

I. Approval of the minutes of November 15, 2000. Time allocation: 1 minute.

II. Status Reports
A. President
B. Provost
C. Chair of the Steering Committee
D. Chair of the Graduate and Professional Student Assembly
E. Chair of the Undergraduate Assembly
F. Chair of the Penn Professional Staff Assembly
G. Chair of the A-3 Assembly

Time limit for reports and clarifications 25 minutes

III. Update on Disability Issues. Presentation 10 minutes, discussion 10 minutes.

IV. Update on Manufacturer's Responsibility. Presentation 10 minutes, discussion 10 minutes.

V. Open Forum. Presentation 3 minutes each, discussion 5 minutes each.

VI. Adjournment by 6 p.m.

TO: University Community

FROM: Larry Gross, Chair, Council Steering Committee; William F. Harris, Moderator, University Council

SUBJECT: University Council Open Forum, December 6, 2000

The issues for the University Council Open Forum in the order in which they will be addressed are:

  1. Increase the allocation of resources for FLASH and other peer health education groups on campus
  2. Lack of Latino student representation on University Council
  3. Safety and security, especially women's issues pending and of current importance
  4. Safety and security
  5. New life sciences building
  6. Ad Hoc Committee on Manufacturer's Responsibility

Presentations will be limited to 3 minutes. Issues that are not on the schedule will be accommodated if time allows. The University Council meeting is from 4 to 6 p.m. on Wednesday, December 6, in Bodek Lounge, Houston Hall. The meeting is open to any member of the University Community who wishes to attend, subject to space limitations. We suggest that people interested in the Open Forum arrive at 5 p.m.

Winterfest at Sansom Common

In the spirit of the holiday season, Sansom Common is celebrating now through December 28 on Thursday evenings with entertainment, festivities and food as well as evening shopping. Between 5 and 8 p.m. there will be live music, free gift wrapping at the Bookstore, free admission to the ICA and free coffee at the Sheraton, as well as free metered parking between 34th & 38th, Walnut to Chestnut Streets. See December AT PENN, www.upenn.edu/almanac/v47/n13/deccal.html#winterfest for the weekly highlights like Philadanco, Steel Kings, ice carving and ice skating.

Continuing an Almanac tradition that goes back to the Age of Aquarius, this issue contains the annual supplement on Holiday Shopping at Penn.

Almanac, Vol. 47, No. 14, December 5, 2000