jeffrey a. krug a. krug 3 1984-1985 corporate control management program financial analyst–metal...

JEFFREY A. KRUG Loyola University New Orleans

College of Business

6363 Saint Charles Avenue, Box 15

New Orleans, Louisiana 70118

(504) 864-7148 (Office); (504) 342-4089 (Home); (804) 335-8315 (Cell)

Email: [email protected]

EDUCATION

1989-1993 Indiana University Bloomington, Indiana

Ph.D.–Strategic Management

1982-1984 The Pennsylvania State University University Park, Pennsylvania

M.S.–International Business


B.A.–Economics

1981 University of Vienna Vienna, Austria, Austria

School of Economics

1980 University of Cologne, Germany Cologne, Germany

College of Liberal Arts

PROFESSIONAL DEVELOPMENT

2012-pres. Northwestern University Chicago, Illinois

Kellogg Scholars Program in Family Enterprise

(Programs: Leading Family Enterprises, Governing Family Enterprises,

Corporate Governance, Mergers and Acquisitions)

2012-pres. University of Virginia Charlottesville, Virginia

Darden Executive Program in Strategy and Innovation

(Programs: Leading Innovation, Managing Change, Strategic Decision

Making, Strategic Leadership)

ACADEMIC POSITIONS

Loyola University New Orleans New Orleans, Louisiana

2010-pres. Jack and Vada Reynolds Chair in International Business

Professor of Strategic Management

2010-2012 Director, Center for International Business

Established new center to support research, teaching, and study abroad.

Worked on programs to help small Louisiana firms develop business.

2006-2010 Virginia Commonwealth University Richmond, Virginia

Associate Professor of Strategy

2001-2010 University of Münster Münster, Germany

Harnischfeger, Pietsch & Partner Adjunct Professor of Management (Summers)

mailto:[email protected]

JEFFREY A. KRUG

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2004-2005 Virginia Tech Blacksburg, Virginia

Adjunct Professor of Innovation & Technology

2003-2006 Appalachian State University Boone, North Carolina

Associate Professor of Strategy

1998-2005 University of Illinois at Urbana-Champaign

Adjunct Professor of Strategy, Executive MBA Program Chicago, Illinois

Assistant Professor of Strategy & International Business Urbana, Illinois

1994-1998 The University of Memphis Memphis, Tennessee

Assistant Professor of Strategy

1993-1994 The College of William & Mary Williamsburg, Virginia

Visiting Assistant Professor of Strategy

1990-1992 Indiana University Bloomington, Indiana

Associate Instructor of Strategy


Instructor, Department of German

Research Assistant, Department of International Business

CORPORATE POSITIONS

PepsiCo, Inc. 1989 Manager of Strategic Planning, Latin America–KFC Ft. Lauderdale, FL

Directed strategic planning in Latin America.

Directed financial analysis of new restaurant construction.

Directed evaluation of subsidiaries and country franchises.

Directed acquisition analysis.

1988 Manager of Worldwide Financial Reporting–KFC Int’l Louisville, Kentucky

Responsible for monthly worldwide financial reporting to Controller and

President of KFC International.

Texas Instruments Incorporated 1987-1988 Financial Planning Manager, Latin America Division Dallas, Texas

Directed strategic planning for semiconductor manufacturing facilities in

Mexico, El Salvador, Brazil, and Argentina.

Directed financial analysis and cost accounting in Latin America.

1986-1987 Credit Manager–Latin America Dallas, Texas

Managed semiconductor, computer, and calculator distributor relationships.

Managed exports, established credit and finance policy, directed collections.

Managed relationships with banks and government entities such as The

International Monetary Fund and Overseas Private Investment Corporation.

JEFFREY A. KRUG

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1984-1985 Corporate Control Management Program

Financial Analyst–Metal Systems Division Attleboro, Massachusetts

Cost Analyst–Defense Systems Group Colorado Springs, Colorado

Marketing Systems Analyst–European Semiconductor Nice, France

Financial Analyst–Data Systems Group Austin, Texas

1982 Austrian Postal Savings Bank Vienna, Austria

Economic Analyst, Economics Department

Assisted Director with management of Austrian government debt.

1981 Commerzbank AG Düsseldorf, Germany

Financial Trainee, International Corporate Lending Group

CONSULTING EXPERIENCE (Corporate Consulting) 2002-2010 Harnischfeger, Pietsch, and Partner (Seminar leader) Düsseldorf, Germany

2005-2009 Accenture Ltd. (External consultant, Strategy Group) Reston, Virginia

2006-2008 PricewaterhouseCoopers (External consultant, M&As) London, England

2008-2009 McKinsey & Co. (Seminar leader) Frankfurt, Germany

RECENT CONSULTING ENGAGEMENTS

2009-pres. Jalles Machado SA Goianésia, Brazil

Engaged to help Brazilian family business develop export markets in Asia,

Canada, the United State, and Europe (sugar, ethanol, rubber, and consumer

products).

Engaged to help Brazilian family business develop relationships with business

customers, including Costco and Coca-Cola in the United States.

Engaged to help business develop branding strategy for Itaja (sugar) and

Goialli (consumer products) brands worldwide.

2006-2009 Chamas LLC Durham, North Carolina

Strategic planning for family restaurant in Brightleaf Square (Brazilian

Steakhouse Chamas).

Strategic planning for new family restaurant in Brightleaf Square (Piazza

Italia) (Presented to and approved by Kenan/Flagler Charitable Trust

Board).

2009 ChemTreat/Danaher Richmond, Virginia

Led leadership training workshops with Wally Stettinius (University of

Virginia) for ChemTreat executives during merger integration process.

2009 Rural Cellular Association Winston-Salem, North Carolina

Led strategic planning sessions for RCA Board of Directors

2007-2008 Federal Reserve Bank of Richmond Richmond, Virginia

Strategic planning, development of vision and mission statement with

President of Federal Reserve Bank and Vice President of Strategic Planning

JEFFREY A. KRUG

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2007 BB&T Insurance Services Richmond, Virginia

Led strategic planning sessions for Virginia and West Virginia agencies.

2005 Archers Daniels Midland Decatur, Illinois

Led global strategy sessions for inaugural executive leadership program with

ADM chairman, CEO, and top 50 managers.

EXECUTIVE MBA – INTERNATIONAL CONSULTING PROJECTS

1998-2005 University of Illinois at Urbana-Champaign Urbana, Illinois

Executive MBA Program

Worked with European firms to develop projects as part of the international

capstone consulting experience in the Executive MBA program.

1998-1999 Henkel (Düsseldorf) – Foreign market entry in China

Jena Carl-Zeiss (Jena) – Transformation leadership

Nucor Steel & SMS (Dortmund) – Supply management systems

Deutsche Telekom (Berlin) – Foreign market entry in Chile

1999-2000 Sachsenring (Zwickau) - Supply chain channel analysis

SAP (Frankfurt) – Market entry in the United States

Procter & Gamble (Frankfurt) - Ecommerce strategy

Lufthansa (Frankfurt) – Global alliances

2000-2001 Bertelsmann (Gütersloh) – AOL merger

Proctor & Gamble (Frankfurt) – Ecommerce strategy

Xerox (Venray) - Closed-loop marketing systems

2001-2002 Volkswagen (Wolfsburg) - Multi-brand strategies

Ford (Cologne) - VW Sharan platform sharing strategy

Bertelsmann (Gütersloh) – Global strategy

2002-2003 Bertelsmann (Gütersloh) – Mcommerce strategy

Volkswagen (Wolfsburg) - Strategies for the VW Beetle and VW Phaeton

BASF (Münster) – Distribution strategies

2003-2004 Volkswagen (Wolfsburg) - North American strategy for the Touareg

Porsche (Leipzig) – Service strategies for the Cayenne

Caterpillar (Brussels) – Strategic analysis of Volvo in European mid-range

loader market

2004-2005 Volkswagen (Wolfsburg) – U.S. web-based initiative strategies

Porsche (Leipzig) – Analysis of U.S. distributorships

Caterpillar (Brussels) – Analysis of Toyota production system

Warsteiner (Warstein) – U.S. brand awareness analysis

MILITARY EXPERIENCE

Supply Corps Officer, United States Naval Reserves (Dallas Naval Air Station).

United States Naval Reserve Officers Training Program, The Pennsylvania State University.

INTERNATIONAL EXPERIENCE

Speak and write English, German, Portuguese, and Spanish.

Working knowledge of Japanese, French, and Finnish.

Lived and worked in Austria, France, Germany, Brazil, and the United States.

Extensive business and consulting experience in Europe, Latin America, and the United States.

JEFFREY A. KRUG

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ACADEMIC HONORS

Beta Gamma Sigma – National Honor Society in Business Administration.

Omicron Delta Epsilon – International Honor Society in Economics.

Delta Phi Alpha – National Honor Society in German.

TEACHING HONORS

2010 University of Münster (Germany) – Dean’s award for outstanding teaching.

2008 Virginia Commonwealth University – Dean’s recognition for teaching excellence in

strategy (Based on teaching evaluations in top 10% of faculty).

2006 Virginia Tech – Letter of recognition from director of VT Online for outstanding

online teaching and efforts to teach Centra system to Virginia Tech business

faculty.

2005 University of Münster (Germany) – Dean’s teaching excellence award (Based on

outstanding evaluations among faculty, 1999–2005).

2003 University of Illinois at Urbana-Champaign – Outstanding Instructor of the Year,

Executive MBA Program.

2003 University of Illinois at Urbana-Champaign - List of Excellent Instructors.

2003 Who’sWho in America (Marquis Who’sWho, New Providence, NJ).

2002 Who’sWho Among America’s Teachers.

2001 University of Illinois at Urbana-Champaign - Keith E. Sawyer Service Award,

Executive MBA Program (For developing consulting projects in Europe).

2000 University of Illinois at Urbana-Champaign – Outstanding Instructor of the Year,

Executive MBA Program.



1998 University of Memphis – Outstanding Faculty Award, International MBA Program.

1998 University of Memphis - University Distinguished Teaching Award Finalist.

1997 University of Memphis – Dean’s Teaching Award, College of Business.

1996 University of Memphis – Outstanding Faculty Award, International MBA Program.

1993 The College of William & Mary – Faculty Teaching Award, Executive MBA

Program.

RESEARCH

JEFFREY A. KRUG

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RESEARCH INTERESTS

Strategy, top management teams, corporate governance, mergers and acquisitions, management

of technology and innovation, management of the family enterprise.

BOOKS Krug, J. A. (Ed.) (2009). Corporate Strategy. London: Sage Publications.

Krug, J. A. (2009). Mergers and Acquisitions: Turmoil in Top Management Teams. New York:

Business Expert Press.

Krug, J. A., & Daniels, J. D. (Eds.) (2008). Multinational Enterprise Theory. London: Sage

Publications.

Krug, J. A. (Ed.) (2008). Mergers and Acquisitions. London: Sage Publications.

Daniels, J. D., & Krug, J. A. (Eds.) (2007). International Business and Globalization. London:

Sage Publications.

JOURNAL ARTICLES Krug, J. A., Wright, P., & Kroll, M. (In press). Top management turnover following mergers &

acquisitions: Good research to date but much to learn. Academy of Management

Perspectives.

Krug, J. A. (In press). The evolving role of general managers in today’s global organizations.

International Journal of Sustainable Strategic Management.

Wright, P., Krug, J.A., & Ma, R. (2013). Levels of liquid assets and entrepreneurial outcomes:

The case of smaller firms based abroad. Journal of Business & Entrepreneurship, 24(2): 69–

78.

Krug, J. A. (2012). New challenges for international business research: A review of extant

research and the unique contributions of John Dunning. Journal of Teaching in International

Business, 23(1): 659–678.

Krug, J. A. (2009). Brain drain: Why top management bolts after M&As. Journal of Business

Strategy, 30(6): 4–14.

Krug, J. A., & Shill, W. (2008). The big exit: Executive churn in the wake of M&As. Journal of

Business Strategy, 29(4): 15–21.

Wright, P., Kroll, M., Krug, J. A., & Pettus, M. (2007). Influences of top management team

incentives on firm risk taking. Strategic Management Journal, 28(1), 81–89.

Daniels, J. D., Krug, J. A., & Trevino, L. (2007). Foreign direct investment from Latin America

and the Caribbean. Transnational Corporations Journal, 16(1), 27–53.

Seers, A., & Krug, J. A. (2007). MBA placement market differentiation: Corporate recruiter

preferences and school characteristics. Academy of Management Best Paper Proceedings, 1–

JEFFREY A. KRUG

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6.

Krug, J. A. (2006). Turnover from the employee’s perspective: The involuntary-voluntary

taxonomy. Current Topics in Management, 11(1), 137–154.

Krug, J. A., & Aguilera, R. (2005). Top management team turnover in mergers and acquisitions.

Advances in Mergers & Acquisitions, 4(1), 123–154.

Furrer, O., Krug, J. A., Sudharshan, D., & Thomas, H. (2004). Resource-based theory and the

global strategy, structure, and performance relationship: An integrative framework.

International Journal of Management and Decision Making, 5(2), 99–116.

Krug, J. A. (2003). Why do they keep leaving? Harvard Business Review, 81(2), 14–15.

Krug, J. A. (2003). Executive turnover in acquired firms: An analysis of resource-based theory

and the upper echelons perspective. Journal of Management & Governance, 7(2), 117–143.

Krug, J. A., & Hegarty, W. H. (2001). Predicting who stays and leaves after an acquisition: A

study of top managers in multinational firms. Strategic Management Journal, 22(2), 185–

196.

Krug, J. A., & Nigh, D. (2001). Executive perceptions in foreign and domestic acquisitions: An

analysis of foreign ownership and its effect on executive fate. Journal of World Business,

36(1), 85–105.

Krug, J. A., & Nigh, D. (1998). Top management departures in cross-border acquisitions:

Governance issues in an international context. Journal of International Management, 4(4),

267–287.

Krug, J. A., & Hegarty, W. H. (1997). Postacquisition turnover among U.S. top management

teams: An analysis of the effects of foreign versus domestic acquisitions of U.S. targets.

Strategic Management Journal, 18(8), 667–675.

Krug, J. A., & Hegarty, W. H. (1996). KFC-USA: Doing chicken right in the U.S. fast-food

industry. Business Case Journal, 4, 1–24.

Krug, J. A., & Stalzer, E. D. (1996). Fujimori's success in Peru. On Wall Street, 6(5), 1.

Krug, J. A., & Stalzer, E. D. (1996). Colombia's markets threatened by possible U.S. sanctions,

On Wall Street, 6(6), 24–25.

Krug, J. A., & Daniels, J. D. (1994). Latin American and Caribbean direct investment in the

United States: An analysis of investment patterns and U.S. policy implications. Multinational

Business Review, 2(1), 1 – 12.

Daniels, J. D., Krug, J. A., & Nigh, D. W. (1985). U.S. joint ventures in China: Motivation and

management of political risk. California Management Review, 17(4), 46–58.

JEFFREY A. KRUG

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PAPERS UNDER REVIEW

Managerial ability, strategic choice, and firm outcomes: Contributions of organizational learning

theory and resource-based view (with P. Wright).

A note on the determinants of acquisition performance: Contributions of agency and behavioral

theorists (With P. Wright, M. Kroll, and R. Ma).

A note on strategic choice and firm outcomes: Contribution of organizational learning theory

(with P. Wright, M. Kroll, S. Le, and L. Gao).

Determinants of inter-firm rivalry or cooperation: Implications for management (with W.

Jackson, L. Gao, R. Ma, and P. Wright).

WORKING PAPERS

The executive turnover-post-merger performance relationship: A challenge to existing theory.

Competitive advantage in the market for business education: Signaling theory as a complement

to industrial organization and resource-based theory (with A. Seers).

Internationalizing the undergraduate student body: A holistic approach (with R. Aggarwal).

Organizing for worldwide effectiveness: Emergence of mega-cities and their effect on structure

and control in multinational firms (D. Sudharshan and L. Prasad).

Regional trade agreements and their effect on institutionalized corruption: An institutional

theory review (with L. Trevino, F. Massa, and Fr. Weinberg).

Institutional effects of supranational initiatives on economic development: The case of CAFTA

and Honduras (with L. Trevino, F. Massa, and F. Weinberg).

The National Football League and reputational effects on performance outcomes: An

institutional theory approach (with L. Trevino, T. Hickman, and F. Weinberg).

Investor reactions to acquisition announcements: An assessment of the event study methodology

( M. Dicle and J. Levendis).

BOOK CHAPTERS

Krug, J. A., & Daniels, J. D. (2008). Multinational enterprise theory. In J. A. Krug and J. D.

Daniels (Eds.), Multinational Enterprise Theory. London: Sage Publications, pp. xiv–xxxv.

Krug, J. A. (2008). Corporate strategy. In J. A. Krug (Ed.), Corporate Strategy. London: Sage

Publications.

Krug, J. A. (2008). Mergers & acquisitions. In J. A. Krug (Ed.), Mergers & Acquisitions.

London: Sage Publications.

Krug, J. A. (2008). Long-term top management team effects in mergers and acquisitions. In J. A.

Krug (Ed.), Corporate Strategy (Vol. 3, 1st ed.). London: Sage Publications (Reprint from

JEFFREY A. KRUG

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Journal of Business Strategy, 2008).

Krug, J. A. (2008). Why do they keep leaving? In J. A. Krug (Ed.), Mergers & Acquisitions (Vol.

3, 1st ed.). London: Sage Publications (Reprint from Harvard Business Review, 2003).

Krug, J. A. (2008). Executive turnover in acquired firms: An analysis of resource-based theory

and the upper echelons perspectives. In J. A. Krug (Ed.), Mergers & Acquisitions (Vol. 3, 1st

ed., forthcoming). London: Sage Publications (Reprint from Journal of Management &

Governance, 2003).

Daniels, J. D., Krug, J. A., & Nigh, D. (2008). U.S. joint ventures in China: Motivation and

management of political risk. In J. A. Krug & J. D. Daniels (Eds.), Multinational Enterprise

Theory (Vol. 2, 1st ed., pp. 165–176). London: Sage Publications (Reprint from California

Management Review, 1985).

Daniels, J. D., & Krug, J. A. (2007). International business and globalization. In J. D. Daniels

and J. A. Krug (Eds.), Research in International Business and Globalization, pp. xviii–iil).

London: Sage Publications.

Krug, J., & Nigh, D. (1998). Top management turnover: Comparing foreign and domestic

acquisitions of U.S. firms. In D. Woodward and D. Nigh (Eds.), Foreign Ownership and the

Consequences of Direct Investment in the United States (pp. 271–287). Westport, CT:

Quorum Books.

Krug, J. A., & Daniels, J. D. (1996). Latin American and Caribbean direct investment in the

United States: An analysis of investment patterns and U.S. policy implications. In S. H.

Kim, S. H. Kim, D. Kujawa, and G. Ulferts (Eds.), Readings in International Business (pp.

123–143). New York: University Press of America (Reprint).

CONFERENCE PROCEEDINGS

Krug, J. A. (2012). Leading the organization: Are general managers still relevant? Cambridge

Business & Economics Conference Proceedings.

Krug, J. A., Michael, S. C., Wright, P., & Kroll, M. (2005). Managerial discretion: A framework

for understanding long-term top management change in acquired firms. Proceedings of

Southern Management Association.

Daniels, J. D., Krug, J. A., & Trevino, L. (2005). Foreign direct investment from Latin America

and the Caribbean. Proceedings of Academy of International Business – Southeast (pp. 1–

12).

Krug, J. A. (2005). Turnover from the employee’s perspective: The involuntary voluntary

taxonomy. In Proceedings of the Twelfth Annual International Conference on Advances in

Management (Vol. 12, pp. 105–107).

Furrer, O., Krug, J. A., Sudharshan, D., & Thomas, H. (2004). Breaking down synergy barriers

in diversified multinational corporations. In Southwest Review of International Business

Research (Vol. 15, pp. 160–1976).

JEFFREY A. KRUG

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Krug, J. A. (1994). KFC: Doing chicken right in the turbulent U.S. fast-food industry. In

Proceedings of the North American Case Research Association (p. 30).

Krug, J. A. (1993). An assessment of mergers and acquisitions: An expanded examination of

costs & benefits. In Conference Proceedings of The Institute for Behavioral and Applied

Management (p. 199).

Krug, J. A. (1993). Value creation in mergers & acquisitions: Toward a better understanding of

the merger process. In Proceedings of the Association of Management (pp. 83–88).

Krug, J. A. (1992). An analysis of European acquisition activity in the U.S. and its impact on

U.S. top management teams. In Business and Economic Studies on European Integration,

Working Paper Series. Copenhagen: Institute for Economics and Business.

Krug, J. A., & Daniels, J. D. (1992). Latin American investment in the United States, 1980-1988.

In Conference Proceedings of the Business Association of Latin American Studies (BALAS)

(pp. 145–152).

Krug, J. A. (1991). Do mergers and acquisitions really create value? An examination of costs and

benefits. In Conference Proceedings (pp. 197–202). Academy of Management, Midwest

Division.

TEXTBOOK CASES

My cases have been published in 60 textbooks on strategic management, marketing, and

international business. Recent cases include:

2012

60. Krug, Jeffrey A. (2012). Kentucky Fried Chicken and the global fast-food industry. In Jain,

Subash C., Haley, George T., Voola, Ranjit, & Wickham, Mark, Marketing: Planning and

Strategy, 1st Edition. South Melbourne: Cengage Learning

2011

59. Krug, J.A. (2011). Yum! Brands, KFC, and Pizza Hut. In Peters, J. P., Jr. and J. Donnelly,

Marketing Management. Boston: McGraw-Hill/Irwin, 11th

Edition.

2010

58. Krug, J. A. (2010). Kentucky Fried Chicken and the global fast-food industry. In R. de Wit

and R. Meyer, Strategy: Process, Content, Context. Anover, Hampshire, U.K.: Cengage

Learning EMEA, 4th

Edition.

2009

57. Krug, J. A. (2009). Yum! Brands, Pizza Hut, and KFC. In J. P. Peter & J. H. Donnelly, Jr.,

Marketing Management: Knowledge and Skills. Boston: McGraw-Hill, 9th

Edition

(Forthcoming).

2008

JEFFREY A. KRUG

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56. Krug, J. A. (2008). Kentucky Fried Chicken and the global fast-food industry. In S. C. Jain,

Essentials of Global Marketing. Lombard, IL: Marsh Publications, pp. 528–544.

2007

55. Krug, J. A. (2007). Yum! Brands, Pizza Hut, and KFC. In J. P. Peter & J. H. Donnelly, Jr.,

Marketing Management: Knowledge and Skills. Boston: McGraw-Hill, 8th

Edition.

54. Krug, J. A. (2007). Yum! Brands, Pizza Hut, and KFC. In G. G. Dess, G. T. Lumpkin, & A.

B. Eisner, Strategic Management: Text and Cases. Boston: McGraw-Hill/Irwin, 3rd

Edition,

pp. 627–638.

53. Krug, J. A. (2007). Kentucky Fried Chicken and the global fast-food industry. In C. W. L.

Hill & G. R. Jones, Strategic Management: An Integrated Approach. Boston: Houghton

Mifflin Company, 7th

Edition, pp. C289–309.

2006

52. Krug, J. A. (2006). Kentucky Fried Chicken and the global fast-food industry. In K.

Gillespie, J. P. Jeannet, & H. D. Hennessey, Global Marketing. Boston: Houghton Mifflin

Company, 2nd

Edition.

51. Krug, J. A. (2006). Kentucky Fried Chicken and the global fast-food industry. In J. A. Pearce

II & R. B. Robinson, Jr., Strategic Management. Boston: McGraw-Hill/Irwin, 6th

Edition.

50. Krug, J. A. (2006). Kentucky Fried Chicken and the global fast-food industry. In A. A.

Thompson, Jr., J. E. Gamble, & A. J. Strickland III, Strategy: Winning in the Marketplace.

Boston: McGraw-Hill/Irwin, 2nd

Edition, pp. C173–198.

49. Krug, J. A. (2006). Yum! Brands, Pizza Hut, and KFC. In G. G. Dess, G. T. Lumpkin, & A.

Eisner, Strategic Management: Text and Cases. Boston: McGraw-Hill, 2nd

Edition, pp.

907–918.

CONFERENCE PRESENTATIONS

Krug, Jeffrey A. (2012). Leading the organization: Are general managers still relevant?

Cambridge Business & Economics Conference, Annual Meeting, University of Cambridge,

U.K. (June 2012).

Krug, Jeffrey A. 2011. Merger Motivations and Integration of Acquired Top Management

Teams: Alternative Theoretical Explanations and Prescriptions, Academy of Management,

Annual Meeting, San Antonio, Texas (August 2011).

Krug, Jeffrey A. 2011. Internationalizing the Business School Student Body: A Holistic

Approach, Academy of International Business, Annual Meeting, Nagoya, Japan (June 2011).

Krug, Jeffrey A. 2011. A Proposal for Internationalizing the Student Body at Loyola University

New Orleans, Consortium for Undergraduate International Business Education (CUIBE),

Annual Meeting, Kona, Hawaii (March 2011).

Krug, Jeffrey A. 2008. Long-term Leadership Continuity in Acquired Firms, Strategic

JEFFREY A. KRUG

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Management Society, Annual Meeting, Cologne, Germany (October 2008).

Seers, Anson and Krug, Jeffrey A. 2007. MBA Placement Market Differentiation: Corporate

Recruiter Preferences and School Characteristics, Academy of Management, Annual

Meeting, Philadelphia, Pennsylvania.

Krug, Jeffrey A., Michael, Steven, C., Wright, Peter, and, Kroll, Mark. 2005. Managerial

discretion: A Framework for Understanding Long-Term Top Management Change in

Acquired Firms, Southern Management Association, Annual Meeting, Charleston, South

Carolina.

Daniels, John D., Krug, Jeffrey A., and Trevino, Len. 2005. Foreign Direct Investment from

Latin America and the Caribbean, Academy of International Business – Southeast, Annual

Meeting, Charleston, South Carolina.

Krug, Jeffrey A. 2005. Turnover from the Employee’s Perspective: The Involuntary Voluntary

Taxonomy, International Conference on Advances in Management (ICAM), Annual

Meeting, Washington, DC.

Furrer, Olivier, Krug, Jeffrey A., Sudharshan, D., and Thomas, Howard. 2004. Breaking Down

Synergy Barriers in Diversified Multinational Corporations, Academy of International

Business – Southwest, Annual Meeting, Orlando, Florida.

Krug, Jeffrey A. 2003. Executive Turnover in Acquired Firms: A Longitudinal Analysis of

Long-Term Integration Effects, Academy of Management, Annual Meeting, Seattle,

Washington.

Krug, Jeffrey A. 2002. Top Management Team Effects in Mergers & Acquisitions: An Analysis

of Long-Term Leadership Continuity and the Integration of Acquired Top Management

Teams, Academy of Management, Annual Meeting, Denver, Colorado.

Pett, Tim, Duhaime, Irene, and Krug, Jeffrey A. 2002. Strategic Momentum and the Market’s

Reaction to an Acquisition Announcement: An Empirical Assessment, Mergers &

Acquisition Summit, Strategic Management Society, Calgary, Canada.

Furrer, Olivier, Krug, Jeffrey A., Sudharshan, D., and Thomas, Howard. 2002. Linking the

Firm’s Global Strategy, Structure, and Intangible Asset Portfolio: An Integrative Framework,

World Strategy Congress, Oxford University, England.

Krug, Jeffrey A. 1995. Retention of Acquired U.S. Top Management Teams Following

Acquisitions: An Analysis of the Effects of Foreign versus Domestic Acquisitions,

Conference on Globalization, Georgetown University, Washington, D.C.

Krug, Jeffrey A. 1995. Top Management Turnover in U.S. Target Companies Following a

Merger or Acquisition: An Analysis of the Effects of Foreign versus Domestic Ownership,

Academy of Management, Annual Meeting, Vancouver, Canada.

Krug, Jeffrey A. 1994. KFC: Doing Chicken Right in the Turbulent U.S. Fast-Food Industry,

JEFFREY A. KRUG

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North American Case Research Association, Annual Meeting, New Orleans, Louisiana.

Krug, Jeffrey A. 1993. An Assessment of Mergers and Acquisitions: An Expanded Examination

of Costs & Benefits, The Institute for Behavioral and Applied Management, Annual Meeting,

Denver, Colorado.

Krug, Jeffrey A. 1993. Value Creation in Mergers & Acquisitions: Toward a Better

Understanding of the Merger Process, Association of Management, Annual Meeting, Atlanta,

Georgia.

Krug, Jeffrey A. 1992. An Analysis of European Acquisition Activity in the U.S. and its Impact

on U.S. Top Management Teams, Institute for Economics and Business, Copenhagen,

Denmark.

Krug, Jeffrey A. 1991. Top Management Turnover Following Mergers & Acquisitions:

Comparing Foreign and Domestic Acquisitions of American Firms, Academy of

Management, Annual Meeting, Miami, Florida.

Krug, Jeffrey A. 1991. Do Mergers and Acquisitions Really Create Value? An Examination of

Costs and Benefits, Academy of Management, Midwest Division, Annual Meeting,

Cincinnati, Ohio.

JEFFREY A. KRUG

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TEACHING

Executive MBA Teaching Experience

2006-2010 Virginia Commonwealth University – Strategy Module, Global Module.

1998-2005 University of Illinois at Urbana-Champaign – Strategy.

2001-2005 University of Műnster, Germany – Strategy.

1994-1998 University of Memphis – Strategic Management.

1993-1994 The College of William & Mary – Strategic Management.

1990-1992 Indiana University – Strategic Management, International Marketing Simulation.

Courses Taught Ph.D. Corporate Strategy, Multinational Enterprise Theory.

Executive MBA Strategic Management, Global Strategy.

International MBA Global Strategy, International Management.

MBA/MIT Strategic Management, Global Strategy, Innovation & Technology,

Undergraduate Strategic Management, Global Strategy, International Management,

Organizational Behavior, German.

Teaching – Coursework

Loyola University New Orleans

Strategic Management ( MBA).

Business Policy (undergraduate).

International Management (undergraduate).

Globalization of Business (undergraduate).

Virginia Commonwealth University

Strategy (undergraduate, MBA, Executive MBA, Ph.D.).

University of Münster (Germany)

Strategy (International Executive MBA).

International Management (MBA).

Service Marketing (MBA).

Appalachian State University

Strategy (undergraduate, MBA).

Global strategy (undergraduate).

Virginia Tech

Innovation & Technology (M.S.I.T.)

JEFFREY A. KRUG

15

University of Illinois at Urbana-Champaign

Multinational Enterprise Theory (Ph.D.).

Strategy (MBA, International MBA, Executive MBA).

International Management (undergraduate).

The University of Memphis

Strategy (undergraduate, MBA, International MBA, Executive MBA).

International Business (undergraduate).

Doing Business in Germany (Executive Education).

Doing Business in Mexico (Executive Education).

International Business (Faculty Development in International Business, CIBER).

The College of William & Mary

Strategy (undergraduate, MBA, Part-Time MBA, Executive MBA).

Organizational Behavior (undergraduate).

Indiana University

Strategy (undergraduate, Executive MBA).

International Business (undergraduate, Executive MBA).

The Pennsylvania State University

German (undergraduate).

JEFFREY A. KRUG

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RECENT NEWS MEDIA

Television

China Television – Business Channel. 30-minute interview on “The Soft Side of Mergers &

Acquisitions” aired Fall 2012 (Based on my book Mergers and Acquisitions: Turmoil in

Top Management Teams).

CNBC “Closing Bell. Nationally televised interview with Maria Bartiromo (Anchor, CNBC)

and Robert Profusek (Director, Global M&As, Jones Day), July 24, 2009.

Radio

WRVA 1140. Taped interview with Matt Demlein, WRVA Radio about my study published in

Journal of Business Strategy and how it relates to InBev’s acquisition of Anheuser-

Busch, July 15, 2008. (Report by Matt Demlein using taped comments from interview

was run on WRVA radio throughout the day, July 16, 2008.)

Newspaper

Richmond Times-Dispatch. Interview with Katherine Calos, Times-Dispatch reporter,

regarding Fidelity National Financial’s acquisition of LandAmerica, November 10, 2008.

Richmond Times-Dispatch. Quoted in article entitled “Rival to buy Richmond-based

LandAmerica: Fidelity National deal leaves questions about future presence locally,”

Richmond Times-Dispatch, November 8, 2008.

Richmond Times-Dispatch. Interview with Emily Dooley, Times-Dispatch reporter, regarding

my research on mergers and acquisitions, July 15, 2008.

Richmond Times-Dispatch. Research highlighted July 20, 2008.

Richmond Times-Dispatch. www.RichmondBizSense.com (Homepage for Richmond

business news). Interview with Alec Depcrynski on state of mergers and acquisitions.

Richmond Times-Dispatch. www.RichmondBizSense.com. Highlighted results of Journal of

Business Strategy (2008) on home page article entitled “When Companies Merge,

Executives Split,” July 16, 2008.

The Star-Ledger (Newark, New Jersey). Interview with Joseph Perone, Star-Ledger Staff,

July 15, 2008.

Perone, Joseph R. and Tom Johnson, “Down the Tap,” The Star-Ledger, July 15, 2008.

Article reported on my views of InBev’s acquisition of Anheuser-Busch.

CFO Magazine. Interview with Avital Hahn, Senior Editor, CFO Publishing Group (Economist

Group business), New York, June 3, 2008.

Highlighted my research on M&As in CFO Magazine article.

http://www.richmondbizsense.com/

http://www.richmondbizsense.com/

JEFFREY A. KRUG

17

Human Resource Executive Online. “SHRM Conference Draws Thousands,” by Kristen B.

Frasch, Anne Freedman, David Shadovitz, and Michael O'Brien, June 25, 2008.

http://www.hrexecutive.com/HRE/story.jsp?storyId=105527950.

Discussion on merger integration with Ben de Haldevang of PricewaterhouseCoopers,

London, who cites the research findings in my upcoming 2008 article in Journal of

Business Strategy.

Wall Street Journal. Interview with Carol Hymowitz (Writes weekly column entitled “In The

Lead”), April 7, 2008.

Hymowitz, Carol, “In Deal-Making, Keep People in Mind,” Wall Street Journal, April

12, 2008, p. A2(1). Discusses my research on executive turnover following mergers and

acquisitions.

Wall Street Journal. Interview with Peggy Anne Salz regarding my views on mergers and

acquisition.

Salz, Peggy Anne, “A Three-Prong Strategy Smooths the Path to Profitable M&As,”

Wall Street Journal, June 2, 2006, 248(39), p. A6(1). Cites my research on executive

turnover following mergers and acquisitions.

Accenture Outlook. “Five Statements That Can Haunt Executives After a Merger,” by Walt

shill, 2005.

Highlights my 2003 Harvard Business Review article on long-term executive turnover in

mergers and acquisitions.

Accenture Outlook. “Post Merger Organization Design,” by Walter E. Shill, 2005.



LeverWealth. “The Day Dreaming Public Relations People,” by David Philips, September 2,

2005, http://leverwealth.blogspot.com/2005_09_01_archive.html.



Accenture Outlook. “How to Build Value into a Merger,” by Walter E. Shill and David W.

Mackenzie, October 2005, 3, pp. 66 – 71.

Highlights 2003 Harvard Business Review article on executive turnover in M&As.

http://www.hrexecutive.com/HRE/story.jsp?storyId=105527950

http://leverwealth.blogspot.com/2005_09_01_archive.html

JEFFREY A. KRUG

18

TEACHING EVALUATIONS

Krug Krug

Loyola University New Orleans 1 Students Mean Mode

Fall 2013 Strategic Management (MBA) 10 5.00 5.00

Fall 2013 Strategic Management (UG) 38 4.83 5.00

Spring 2013 Strategic Management (MBA) 10 5.00 5.00

Spring 2012 International Management (UG) 38 4.83 5.00

Fall 2012 International Management (UG) 34 4.92 5.00



Spring 2012 International Management (UG) 35 4.87 5.00



Spring 2011 Seminar in Globalization (UG) 6 n/a n/a


1 Ratings out of 5.0 points.

Krug Krug

Virginia Commonwealth University 1 Students Mean Mode

Spring 2010 Strategic Management (UG) 30 4.81 5.00



Fall 2009 Strategic Management (PhD) 5 n/a n/a







Spring 2008 Strategy Module (Executive MBA) 40 4.37 4.73

Spring 2008 Global Module (Executive MBA) 44 4.30 5.00

Fall 2007 Corporate Strategy (PhD) 10 4.89 5.00




Spring 2007 Strategic Module (Executive MBA) 4 4.87 5.00

Spring 2007 Global Module (Executive MBA) 39 n/a n/a




JEFFREY A. KRUG

19

Krug Faculty

Appalachian State University 2 Students Mean Mean



Fall 2005 International Strategy (UG) 8 4.70 4.40



Spring 2005 International Strategy (UG) 14 4.81 4.39






Spring 2004 International Strategy (UG) 7 4.95 4.41



2

Ratings out of 5.0 points.

Krug Faculty

Virginia Tech 3

Students Mean Mean

Spring 2005 Innovation & Technology (MSIT)

16 3.70 3.25

Fall 2004 Innovation & Technology (MSIT) 23 3.74 3.25

3 Evening, on-line course; Masters in Innovation & Technology (MSIT); Ratings out of 4.0

points.

Krug Faculty

University of Illinois at Urbana-Champaign 4

Students Mean Mean

Fall 2005 Global Strategy (Executive MBA) 40 4.4 3.9

Fall 2004 Global Strategy (Executive MBA) 50 4.3 3.9

Spring 2003 Global Strategy (Executive MBA) 23 4.5 3.9

Spring 2003 International Management (Intl Exec) 26 4.5 3.9

Spring 2003 Global Strategy (MBA Capstone) 50 4.5 3.9

Fall 2002 International Management (UG) 30 4.3 3.9


Fall 2001 Global Strategy (Capstone MBA) 40 4.5 3.9













Spring 1999 Int’l Mgmt (Executive MBA) 37 4.5 3.9

JEFFREY A. KRUG

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Spring 1999 Int’l Mgmt (International MBA) 42 4.1 3.9

Fall 1998 Int’l Mgmt (MBA) 21 4.5 3.9

Fall 1998 Int’l Mgmt (Undergraduate) 30 4.3 3.9


Teaching

Effective- Faculty

The University of Memphis 5 Students ness Average

Summer 2012 Faculty Dvpmt International Management 7 6.7 -

Summer 1998 Faculty Dvpmt International Business 13 6.6 6.2

Spring 1998 Executive MBA Strategic Management 30 6.6 6.2

Spring 1998 Int’l MBA Int'l Strategic Management 21 6.8 6.2

Fall 1997 MBA Strategic Management 17 6.6 6.2

Fall 1997 MBA Strategic Management 22 6.3 6.2




Fall 1996 Undergraduate Business Policy 22 6.6 6.1

Fall 1996 Undergraduate Business Policy 17 6.6 6.1



Spring 1996 Int'l MBA Int’l Strategic Management 26 6.7 6.2

Fall 1995 Undergraduate International Management 45 6.5 6.2



Spring 1995 Executive Educ. Doing Business in Germany 15 - -

Spring 1995 Executive Educ. Doing Business in Mexico 25 - -


Spring 1995 Undergraduate International Management 48 6.3 6.1




ACCOMPLISHMENTS – ESTABLISHED NEW

CENTER FOR INTERNATIONAL BUSINESS

JEFFREY A. KRUG

21

LOYOLA UNIVERSITY NEW ORLEANS (2010–2013)

Strategy

Articulated vision and mission for Center for International Business (CIB).

Shaped strategic direction and formulated long-term strategy.

Corporate Governance

Constituted external executive advisory board (International Business Advisory Board)

composed of executives from local businesses, Department of Commerce, World Trade

Center, and Port of New Orleans, among others.

Constituted an “Internal Governance Board” (IGB) composed of the dean of the College

of Business, director of the Center for International Business, and two distinguished

professors in international business.

Established “International Business Group” composed of faculty who teach courses in

international business, lead study abroad programs, and/or conduct research in

international business.

Business Community

Foster working relationships with the business community.

Actively work with members of the business community to promote Louisiana state

economic development, U.S. exports, foreign trade missions, foreign trade workshops,

and stronger relationships between Loyola University New Orleans and the New

Orleans and Baton Rouge business communities.

Work with World Trade Center (Oldest World Trade Center in United States).

Work with World Affairs Council (Hosts visiting international and government

dignitaries).

Fund-Raising and Budgeting

Established budget pro forma and formulated strategy to endow CIB through Office of

Institutional Advancement.

Consortium for Undergraduate Programs in International Business (CUIBE)

Awarded Loyola institutional membership in Consortium for Undergraduate International

Business Education (CUIBE) (Loyola is one of only 24 U.S. universities meeting

requirements for full membership in CUIBE.)

Undergraduate Programs in International Business

International Business Major: Restructured major in International Business to allow

students to earn a functional concentration in accounting, economics, finance,

management, or marketing without completing a double major.

Foreign Languages: Established foreign language requirements for International

Business majors and minors.

Area Studies: Established area studies requirements for International Business majors

and minors.

MBA Program

Honduras: Signed agreement with Catholic University to establish a Loyola MBA

JEFFREY A. KRUG

22

program in Honduras.

China: Current efforts to establish Loyola MBA in Hong Kong with Caritas Institute of

Higher Education.

Study Abroad and Foreign Exchange Programs

Brazil: New agreement signed to establish undergraduate exchange program with

Catholic University in Rio de Janeiro in August 2012.

England: Effort underway to establish student exchanges and senior, capstone consulting

projects with students at University of Chester.

Student Organization

Created new student organization called the “Global Business Association” (GBA).

Conduct annual “International Etiquette Dinner” each fall.

Conduct executive panel discussions on different region of the world each spring., which

is be open to all Loyola students.

Foreign Internships

Won approval to establish Loyola chapter of AIE-SEC, the world’s largest student-run

organization (1700 universities have chapters worldwide).

Chapter membership granted to Loyola in August 2011. (Loyola was one of only five

U.S. universities to be granted a chapter in 2011; 25 U.S. universities submitted

applications.)

AIE-SEC will be a springboard for bringing international students to the New Orleans

area and for developing foreign internship opportunities for Loyola students.

JEFFREY A. KRUG

23

PROFESSIONAL ACTIVITIES

Professional Memberships

Strategic Management Society

Academy of Management

Academy of International Business

Southern Management Association

Academic Journals – Ad hoc Reviewer

Academy of Management Review

Academy of Management Journal

Administrative Science Quarterly

Advances in International Comparative Management

European Management Review

International Journal of Management & Decision Making

Journal of Business Research

Journal of International Management

Journal of Teaching in International Business

Multinational Business Review

Organization Science

Southern Management Association

Strategic Management Journal

Textbooks Reviewed

Daniels, John D., Radebaugh, Lee H., & Sullivan, Daniel (2006). International Business

Environments and Operations. Upper Saddle River, NJ: Prentice Hall, 11th

Edition.

Aggarwal, Raj (1998). Restructuring Japanese Business for Growth: Strategy, Finance,

Management, and Marketing Perspectives. Norwell, MA: Kluwer Academic Publishers, 9th

Edition.

Daniels, John D., & Radebaugh, Lee H. (1996). International Business Environments and

Operations. Boston: Addison-Wesley Publishing Co.

Hill, Charles W. L. (1995). International Business: Competing in the Global Marketplace.

Boston: Richard D. Irwin, 5th

Edition.

Conferences - Reviewer

Academy of International Business

Academy of International Business –Southeast Division

Academy of International Business –Southwest Division

Academy of Management

American Marketing Association

Business Association of Latin American Studies (BALAS) (Manuscripts in English, Spanish,

and Portuguese).

jeffrey a. krug a. krug 3 1984-1985 corporate control management program financial analyst–metal...

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