Wharton Alumni Magazine
Winter 2007
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The View from the Summit

A Principled Leader for Interesting Times

Regulation's Hidden Path

Departments

Wharton Now

Knowledge@Wharton

Next Up at Wharton School Publishing

Alumni Association Update

Wharton Leaders

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Club Spotlights

Expanding the Wharton Brand in Israel

The Wharton Club of Israel, with its 150-plus alumni, has grown significantly during the past 10 years, not only in its member numbers but also in its number of organized events bringing together local alumni and friends of the School. From organizing the 2001 Global Alumni Conference that attracted more than 300 guests from around the world to smaller annual and quarterly events, the Club has been successful in significantly strengthening and expanding the Wharton brand in Israel. One of the results has been a dramatic increase in the number of Israeli applicants to the MBA program, which is a clear indication of the reputation the School is enjoying in Israel.

The Club’s main annual event, the Gala Dinner, was held for the fifth consecutive time in December. More than 130 people gathered and enjoyed a full program of networking, lectures, and good food. This year’s keynote speaker was Efraim Halevi, former head of the Israeli intelligence organization, Mossad, and he shared fascinating insights into the complex situation in the Middle East.

In the tradition of the Gala Dinner, the Club selects a recipient for the “Leadership Formation Award.” It is the Club’s philosophy that excellence in various fields brings leadership in changing existing conditions for better social and economic conditions. This year’s recipient was the MASA-Israel program, pioneered by the Prime Minister’s Office and the Jewish Agency. MASA enables thousands of Jewish young adults to spend a semester or a year in Israel in one of over 100 approved academic programs by providing scholarships, information, and support. MASA’s aim is to help young Jews from around the world build a lifelong relationship with Israel and the Jewish world.

In addition to the annual Gala Dinner, the Club hosts a number of quarterly events that combine networking opportunities with in-depth lectures and discussions about a specific topic. Past quarterly events saw guest lecturers such as former Prime Minister Benjamin Netanyahu and Richard Jones, U.S. Ambassador to Israel. The next quarterly event scheduled for June 12 was to include a case study analysis of one of Israel’s top digital printing technology startups that was purchased by HP in 2002. The case study, looking at the benefits and risks of an acquisition of a local business by a multinational company, will be hosted by Professor Seev Hirsch from the Recanati Business School at Tel Aviv University.

The Club has also successfully created a strong, ongoing collaboration with the local Harvard Business School Alumni Club. With HBS’s 150-plus members and Wharton’s 150-plus members, we have formed the largest alumni group of top U.S. business schools in Israel. The combined strength allows both clubs to reach a larger number of key people in the Israeli business community and thus have a greater influence. As part of this alliance, the HBS Alumni Club has become an integral part and a valuable partner in all activities.

The Wharton Club of Israel is run by a management committee comprised of Eyal Kaplan, WG’90 (Chairman), Isaac Devash, W’88 (President), Elli Streit,WG’65, and Yarom Arad, WG’95.

Yarom Arad, WG’95

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