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Ed Snider Center for Enterprise and Markets Annual Report 2020

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Driving Enterprise Innovation through Research Educating Thought Leaders Influencers Applying Research to Real World Challenges Annual Report 2020 4568 Van Munching Hall College Park MD 20742 Website go umd edu edsnidercenter Phone 301 405 2970 Email EdSniderCenter umd edu Twitter SniderCenter https twitter com SniderCenter LinkedIn https www linkedin com company snidercenter Snider Focus Digital Publication edsnidercenter org

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Ed Snider Center OUR VISION Social progress born of free and creative individuals who driven by self motivation passion and a positive approach to trading value for value make the world a better place

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Table Of Contents A MESSAGE FROM OUR EXECUTIVE DIRECTOR 4 A FIVE YEAR RETROSPECTIVE 6 SPOTLIGHT ON ED SNIDER 8 RESEARCH 10 PROGRAMS 12 EVENTS 20 GOING FORWARD 22 WHO WE ARE 26

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F rom O ur E xecutive D irector Wow we have come so far since we first opened our doors in late 2014 In this 2020 Annual Report we are pleased to provide you with a look back at some of our accomplishments and a glimpse into what we hope to achieve in the next phase of our growth Since its inception the Center has established a robust group of 34 Faculty Fellows spanning 14 academic departments These scholars bring multi disciplinary research findings into academic media and policy conversations by highlighting critical issues that impact economic productivity and the conditions that support human enterprise and well functioning markets We ve developed a wide range of programs and held events with speakers of global prominence promoting a deeper understanding of the importance of respectful and reasoned dialogue and exploring the values of civil society that encourage human progress and broadly shared prosperity The work of the Ed Snider Center is particularly relevant during this year of immense crisis and we continue to see the spirit of human enterprise and collaboration everywhere Throughout the Spring semester Center faculty and staff worked tirelessly to create value for students by converting many of our programs and events to virtual delivery The resulting innovations will continue to have a positive impact in the coming years I d also like to note other changes at the Ed Snider Center during this last year In December we said a heartfelt goodbye to Christina Elson the Center s managing director who took on a new position as Executive Director of the Center for the Study of Capitalism at Wake Forest University Christina s dedication and aligned vision was invaluable to the Center s operations and growth We thank Christina and we look forward to our continued collaboration with her in the future We also warmly welcome Jacqueline Manger as our new Managing Director Jacqueline served as an Ed Snider Center Executive Fellow from 2018 to 2019 and brings with her a wealth of experience in a variety of disciplines including 20 years in the investment management industry Jacqueline is passionate about the role that free markets play in society allowing for individuals to lead purpose driven careers and lives of their own creation Finally thank you to all of our supporters staff and board members who continue to make it possible for us to promote the spirit of enterprise and collaboration within our community Most of all I am grateful to Ed Snider our founder my partner and my friend The Ed Snider Center is here today due to his financial support but more importantly because of his belief in our mission We are thrilled with the direction the center is taking and we hope you are too Rajshree Agarwal PhD Rudolph P Lamone Chair and Ed Snider Center Executive Director 2020 Annual Report Fro Execu 4

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om Our utive Director Ed Snider Center for Enterprise and Markets 5

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5 YEAR RETROSPECTIVE In 2019 the center celebrated 5 years of creating a community of current and future thought leaders motivated by the principles of free markets and broadly shared prosperity We ve engaged with researchers business leaders and students alike by launching programs and initiatives that examine the fundamental role that innovative and entrepreneurial mindsets play in the evolution of enterprise and markets These are just some of the highlights EVENTS BB T During this 2018 Colloquium moderated by center director Rajshree Agarwal Michael Bush and Dan Whalen of Great Place to Work shared their insights on organizations that consistently make their annual list of ideal corporate environments 2020 Annual Report 6

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THE LAB You re Graduating How To Create a Fulfilling Life After Smith was the inaugural online seminar of our newest program The Intentional Life Lab whose programs help students answer some of life s most profound and challenging questions ETL These high school English teachers recently finished our Enterprise through Literature training program and are ready to explore with their students how dystopian themes in literature can relate to business and society A LOOK BACK SELF Snider Enterprise and Leadership Fellows SELF a unique opportunity for high school students to learn from top business faculty at Maryland Smith and get guidance from business leaders while exploring their own potential Ed Snider Center for Enterprise and Markets 7

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SPOTLIGHT ON ED SNIDER Ed Snider was an international sports and marketing visionary and chairman of Comcast Spectacor After graduating from the University of Maryland Mr Snider started his first business distributing records from the back of his car In 1966 he risked it all by mortgaging his home and founded the Philadelphia Flyers hockey team Success with the franchise spawned a variety of media and entertainment related companies that today operate worldwide I got to know Mr Snider in the context of his generous gift giving that would ultimately start the Ed Snider Center I knew immediately that we had a common bond Ed represented a giant of industry an entrepreneur and businessman who was ethical and principled He embodied all of the virtues that makes business so good for society In that sense he was a true hero Rajshree Agarwal Mr Snider s enterprising spirit was matched by his benevolence and positive sense of life His various philanthropic activities have been critical to helping generations of youth develop life skills and foster success in business and in life all of which are core values of the Ed Snider Center Spot 2020 Annual Report 8 E

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Ed Snider Money is the reward not the reason tlight on Ed Snider Ed Snider Center for Enterprise and Markets 9

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RESEARCH The Ed Snider Center s research seeks to explore the roles individuals organizations and systems play in creating an environment that supports enterprise and well functioning markets Through our engagement with more than 30 affiliated researchers we draw on academic excellence from across the University of Maryland and beyond This allows us access to the best thinking in business and related disciplines including anthropology economics history philosophy and political science Our cutting edge research spans four key areas Business Society including insight into the nuances of domestic and foreign economies to inform business decisions Finance Regulation where our researchers analyze the impact of policy and regulation such as Dodd Frank and current patent law on markets Talent Leadership exploring how core psychological traits and behaviors influence attitudes towards trust risk and communication which contributes to effective team building and relationship management strategies that are critical for success Technology Innovation including studies that provide insight into the type of environment needed to allow market based solutions to be implemented RESEARCH 2020 Annual Report 10

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Some of the Snider Center s most recent research initiatives include the following While Japan is often perceived to be a poster child for government promotion of economic development in fact Japan s spectacular economic growth was fueled by entrepreneurship and free markets Funded by a grant awarded by the NSF Dr Serguey Braguinsky and Dr Rajshree Agarwal will conduct an in depth examination of the role played by educated engineering human capital in promoting entrepreneurship and market oriented growth Research by Dr Francesco D Acunto and Dr Alberto Rossi identified some unintended consequences of Dodd Frank including a dramatic shift by banks away from offering the kind of loans that allow middle class families to buy homes in favor of jumbo loans available to wealthy households These patterns are potentially contributing to keeping the middle class out of the home buying market Research by Dr Christy Ford Chapin documents the rise of health Insurance companies which first became a major player in the American health care system in the 1930s Long associated with market inefficiencies such as high costs fragmented care and red tape Chapin explores why both the right and the left have shown an interest in creating health care delivery systems that do away with insurance companies Post harvest loss is a worldwide problem Helping farmers store crops and get them to market reduces both poverty and hunger Dr Steve Sonka s work explores partnerships between NGOs and private enterprises He finds that companies often need a boost from NGOs to provide training in the use of food storage products but are better at creating sustainable markets for technologies supporting agriculture Dr Felipe Saffie is conducting research on what happens when corporations engage in lobbying for tax reduction His work sheds light on counterintuitive and unintended outcomes of lobbying including the creation of inefficiencies in the way manufacturing firms accumulate and use capital He finds that for manufacturing lowering taxation may reduce the incentive to lobby An information visualization commissioned by the Ed Snider Center communicates Saffie s data in a clear and concise way Ed Snider Center for Enterprise and Markets Dr Evan Starr s ongoing work on the use of noncompete agreements has been cited by dozens of news outlets and contributed to multiple policy changes Starr found that non competes make sense in some industries such as hitech environments where they can encourage companies to invest more in employee training But they also pose an unfair burden on lowwage workers and their enforcement can hurt employees by reducing both wages and mobility 11

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PROGRAMS Launched in 2015 the Snider Enterprise and Leadership Fellows SELF is an inspiring and unique summer program that accepts applications from innovative and motivated high school students from across the country It is a twoweek residential summer program that empowers rising high school juniors and seniors to become the CEO of ME My Enterprise Inc Young adults explore the power of individual creativity and free markets to deliver solutions to problems in the world that they are passionate about solving and they also learn how to develop a personal leadership plan They work in teams and engage with leading faculty and business executives to proactively apply what they learn to real world problems while gaining a better understanding of the entrepreneurial mindset Fellows are introduced to a life philosophy rooted in self reliance and self discovery They also learn The SELF program helped me build myself in more ways than I could have ever imagined Being introduced to a demanding university level business curriculum in high school was an invaluable experience that well prepared me for the rigor of college As an RA seeing the growth in each and every one of the students was extremely rewarding in knowing that I had a real impact on a young bright mind If I could go back in time I would love to do it all over again Amod Mathur the value of business in society as they develop enterprise and leadership skills that enable personal happiness and upward mobility all while forging friendships that will last through and beyond college In response to the pandemic we were able to offer the 2020 program virtually and with no substantial change to the content We had 26 juniors and seniors take full advantage of this exciting program from their homes SELF Snider Enterprise and Leadership Fellows MORE THAN 200 PARTICIPANTS SINCE 2015 2020 Annual Report 12

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PROGRAMS SNIDER UNDERGRADUATE RESEARCH PROGRAM The Snider Undergraduate Research Program SURE provides an opportunity to deeply investigate a subject area under the mentorship of a faculty member SURE fellows not only learn research methodologies but also make contributions to a variety of disciplines including computer science business public policy and behavioral and social sciences SURE fellows work with the program s director to choose a research topic Then they are uniquely matched with a faculty champion who has expertise in that subject area and acts as the fellow s advisor The SURE experience culminates in a public presentation to faculty and peers and a publication During the program fellows attend workshops in scoping research writing and presentation Fellows receive a stipend for participating as well as course credit The 2020 cohort seamlessly adjusted to a new way of presenting their papers by videoconference In the PREVIOUS TOPICS INCLUDE Impacts of Data Analysis Pitfalls on Decision Making Effects of decriminalizing drug use in Portugal European Economic Recovery The Impact of Cross border M A on a Sustainable Economic Growth An Analysis of the Relation Between Class Rank on Financial Literacy Levels in an Undergraduate Business School The Complete Framework of Disruptive Innovations 2020 s SURE cohort made the most of this opportunity to address a small group of faculty staff and students through video conference past SURE fellows have presented their research posters along with other students from across the UMD campus at The Undergraduate Research Fair held in the Stamp Union Grand Ballroom This year s fellows have faced tremendous challenges not only in their research procedures but also in every facet of their lives due to COVID 19 Despite these issues they persevered worked hard and delivered amazing content explained Caitlin Stiffler SURE Program Coordinator Stiffler also went on to say that SURE s student co directors for this year Kunal Harmalkar and Liuxin Yan have implemented fantastic policies and directly impacted the success of this year s cohort The success of SURE relies on students to be motivated to contribute to the collective knowledge pool and exhibit determination and openmindedness The 2020 cohort did that and more SURE Ed Snider Center for Enterprise and Markets 50 Students in 4 Years 13

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PROGRAMS SNIDER PROFESSIONAL DEVELOPMENT SOCIETY The Snider Professional Development Society SPDS enables students to optimize their abilities and aspirations in their pursuit of determining their future career path The club seeks to foster SPDS is a club devoted to personal growth in each member by providing creating a support system for opportunities to build leadership skills develop enterprising students The main goal collaborative is to foster personal and professional relationships and engage in reasoned and respectful discourse SPDS achieves this mission by organizing school wide events growth intimate workshops and recognizing students in mentorship services the University of Maryland for their innovation and leadership Through the affiliation with the Ed Snider Center for Enterprise and Markets SPDS through workshops and Yash Talreja SPDS President provides direct access to faculty and business SPDS professionals to help members determine their intended occupation 2020 Annual Report 14

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PROGRAMS ENTERPRISE THROUGH LITERATURE The Enterprise through Literature ETL program intellectually stimulates and empowers high school students by introducing them to guiding ethical philosophies found in literature that underpin the success of enterprise and markets Through workshops and on line courses approved for continuing education credit by the University of Maryland ETL works with English teachers to develop curricula that highlights the principles of enterprise and the role of the individual in society Educators create classroom ready materials that make powerful dystopian themes relevant to real life Participants learn to use literature to explain the relationship between the individual and the state and to emphasize the value of creating win win relationships both personally and professionally Experiencing the Enterprise through Literature program has informed my teaching practice It has informed my repertoire of Dystopian Literature resources It has provided opportunities for my students beyond the classroom These are critical elements to meaningful professional development These are the boxes to check on a form ETL however has done something that no other PD that I have experienced has done This program has helped shape and define my world view For the first time in my career I have thought of myself as a person of value an asset to learning communities This program has instilled a personal confidence that I have never had as an individual I can honestly say that I approach every aspect of my life differently since last summer my relationships my employment my teaching my parenting ETL Teacher Forest Hill LA 50 6 000 from across the country impacted by the curriculum Teachers Ed Snider Center for Enterprise and Markets Students 15

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PROGRAMS ED SNIDER CENTER LEADERSHIP AWARD 36 Honorees 3 Years For the past three years the Ed Snider Center Leadership Award has honored UMD students who proactively care about and improve their communities on and off campus These students shape the world around them whether it be by starting student clubs and non profits designing improvements to existing organizations or raising money and or resources for those in need Ed Snider Center Leadership awardees excel at problem solving and are deeply committed to improving society through their actions Our 2020 leadership award ceremony was held virtually but that didn t dampen the spirits or energy of these student leaders In her closing remarks to the 2020 awardees Dr Rajshree Agarwal explained During these unprecedented times now more than ever your positive and impactful leadership is critical Not only to you and the ongoing success of the University community but to the world at large 2019 Innovation Award Winner Carly Lyon THE ED SNIDER CENTER S ANNUAL LEADERSHIP AWARD HONORS STUDENTS WHO HAVE ACCOMPLISHED THE FOLLOWING Helped an organization meet its goals for growth and change Demonstrated an optimistic vision of the future through their work in the community Championed goal oriented collaboration and created positive outcomes for all members of a team Exhibited integrity and an entrepreneurial growth mindset LEADERSHIP AWARDS 2020 Annual Report 16

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PROGRAMS PODCAST The Inc Tank podcast hosts Christina Elson and David Yang interview entrepreneurs policymakers and researchers on the front lines of disrupted industries The Inc Tank is a podcast where thought leaders discuss the impact of leadingedge technology on business and society Hosts Christina Elson and David Yang interview entrepreneurs policymakers and researchers on the front lines of disrupted industries Elson an anthropologist and business strategist together with Yang an expert at cutting edge digital transformation initiatives have fascinating and informative conversations with their guests about transformative technologies that affect existing revenue models and unlock fierce competition in the marketplace Past episodes have included discussions on AI biotech blockchain cybersecurity the private sector space industry and the future of transportation with experts like Joshua Gans Yaya Fanusie Eric Alston Shelli Brunswick Mike Heslin and Mark Walsh Each episode captures the chemistry between the hosts and their guests to spotlight various aspects of the technologies including staying power investment opportunities job market impact and related ethical issues The bold ideas and thorough analysis provided in these engrossing conversations are what make The Inc Tank so unique and so powerful The Inc Tank a collaboration with Wake Forest Center for the Study of Capitalism is part of the Ed Snider Center s engagement initiative to educate thought leaders and influencers by arming them with information about markets and enterprise So far the podcast has reached over 16 000 listeners and garnered a dedicated social media following And the show is poised to attract greater attention and rapid growth in audience LISTENERS OVER 16 000 25 EPISODES THE INC TANK Ed Snider Center for Enterprise and Markets 17

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PROGRAMS The Intentional Life Lab is a new program launched in February 2020 designed to nurture and develop independent minded and empowered students who take an active role in shaping their lives with reason purpose and self esteem The Lab s campus wide partnerships facilitate course and program development that challenge students to explore and develop their whole selves O ver the course of her career The Intentional Life Lab s founding My Director Sarah Wolek had worked at several mission students had driven organizations To her surprise she kept questions that went meeting both early and mid career colleagues beyond jobs and careers who were unhappy in their work and life I I was dealing with issues began to wonder how and why people ended up in jobs and lives that weren t authentic in the classroom related to them she explained In an attempt to to wellness relationships solve this puzzle Sarah began thinking about teaching undergraduates I wanted to work and community with young adults before they made decisions Sarah Wolek The LAB Director that led them away from themselves So Sarah started teaching career development courses with the hope that I could help young students had questions that went beyond jobs people connect to their sense of purpose so and careers I was dealing with issues in the that they could choose something that would classroom related to wellness relationships be fulfilling for them in the long run and community These questions are what led Sarah to build The Intentional Life Lab Sarah Sarah soon realized that having a sense of identified six foundational pillars for leading an purpose was only a piece of the puzzle My intentional life purpose wellness prosperity TH E LAB 2020 Annual Report Sarah Wolek Founding Director 18

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relationships community and nature Academics in higher education have traditionally focused on intellectual and professional development but at the same time students also need to intentionally work on developing their sense of self Who are they Who do they want to become When Sarah began building the Lab from the ground up she met with a diverse set of potential partners on and off campus and learned of a course taught at Maryland Smith called Creating a Purposeful Life and Career That led to a conversation with course creators Rajshree Agarwal and Christina Elson of the Ed Snider Center Right from the beginning they were both incredibly supportive of this work and I found a natural home for the Lab The Lab s work was an extension of their work on purpose and the Lab s vision aligned with the Center s views on the individual as the first instance of enterprise Human capital markets afford young people immense freedom of choice on who they want to become The main goal of the Intentional Life Lab is to show students that they can be entrepreneurial in creating themselves and their life Courses launching in 2020 2021 include The Intentional Self Choosing your Major and Career and The Intentional Leader In addition to classes the Lab is offering workshops to Smith transfer students as well as podcasts and webinars available to all students The 2020 2021 academic year is going to be a wonderful opportunity to launch this work in earnest COMMUNITY RELATIONSHIPS WELLNESS PROSPERITY CHARACTER NATURE C R O W ELA MM P E TIO U C RO LL NS NIT H S N A P N HI Y PU A RACERI ESS PS RP TU TE TY R R WELLNESS PROSPERITY CHARACTER NATURE PURPOSE O S E RELATIONSHIPS WELLNEESS PROSPERITY CHARACTER NATURE PURPOSE COMMUNITYS RELATIONSHIP WELLNESS PROSPERITY CHARACTER NATURE PURPOSE SE E RELATIONSHIPS Y IT IPS UN H S M NS S Y M IO E T O T N RI ER C ELA LL PE CT E E S R W RO ARA UR SE P H T O C AMUN P ITY COM O C R O W ELA MM P E TIO UN C RO LLN NSH IT N HA SP E IP Y PU AT RACERIT SS S RP UITYTER Y R COMMUN COMMUNITY Y IT S N HIP T A PO N UR P P H C U S M NS S Y M IO E T O T N RI ER C ELA LL PE CT E E S R W RO ARA UR SE PURPOSE N UR S RELATIONSHIP P WELLNESS PROSPERITY CHARACTER NATURE PURPOSE COMMUNITYS RELATIONSHIP WELLNESS PROSPERITY CHARACTER NATURE PURPOSE NATURE PURPOSE CHARACTER Understand your why to live and work with purpose Become the person you want to be by cultivating your character WELLNESS Actively pursue your emotional and physical well being COMMUNITY PROSPERITY Manage your finances so they enable your individual life path Ed Snider Center for Enterprise and Markets RELATIONSHIPS Develop grow and strengthen meaningful personal relationships Connect with nature to become rooted to your authentic self Shape your neighborhood nation and world through civic engagement 19

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EVENTS In partnership with organizations such as BB T New Day USA and The Steamboat Institute the Ed Snider Center for Enterprise and Markets reached thousands of individuals with our campus speaking events and debates over the course of our first five years In 2020 we experimented with webinars and launched our first virtual events 2014 2015 2016 2017 Jonathan Haidt of the New York University Stern School of Business spoke about the intuitive foundations of morality and its variations across American political cultures Ed Snider chairman of Comcast Spectacor addressed ethics and leadership in the international sports and entertainment firm Read about the event and an article in the Smith Brain Trust Greg Lukianoff president of the Foundation for Individual Rights in Education discussed freedom of expression on college campuses and in academia in an event dubbed Assault in the Ivory Tower on the Market for Ideas BB T Chairman Kelly S King spoke to a packed audience at the Frank Auditorium giving a talk entitled Enterprising Finance Ethics and Leadership in the Banking Industry pictured below EVENTS 2020 Annual Report 20

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2018 A debate and discussion between Former Mexican President Vicente Fox and Brexit architect Nigel Farage on Nationalism vs Globalism The event was covered by C SPAN pictured to the right How to Find a Great Place to Work and Maximize Your Potential was a conversation between Dr Rajshree Agarwal and Michael Bush and Dan Whalen who curate the Great Places to Work list 2019 2020 A debate and discussion on Capitalism vs Socialism featuring Yaron Brook author of Free Market Revolution and Bhaskar Sunkara author of The Socialist Manifesto pictured below Our first ever virtual events were highly attended and very successful Our first in collaboration with Dean Mullins of Undergraduate Programs was You re Graduating How to Create a Fulfilling Life After Smith Your First Year Out of College was in collaboration with 2 000 PARTICIPANTS the School of Public Policy Ed Snider Center for Enterprise and Markets 21

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GOING FORWARD OUR PASSION PURPOSE VISION How do we think of Value at the Ed Snider Center Rajshree Agarwal Executive Director Values have Jacqueline Manger Managing Director two We think of value and value through trade important meanings for received us First value relates given to the purpose that we Our donor partnerships serve Here we look for are an example Leading value alignment in all our relationships This engagement I inherit a foundation laid by is a shared vision of enterprising individuals the generosity of the Snider Foundation creating win win outcomes Second value and other major donors like the Charles relates to what we offer our partners Here Koch Foundation Their support provided backed by cutting edge research the Center us a foundation to build a team of faculty provides life long learners with frameworks research fellows and create successful that enable upward mobility in economic programs psychological and intellectual realms New donors will build on that foundation If Consider our relationship with our donors a donor s values are aligned if they believe They re invested in our Center because of the in the power of the individual and the power purpose we serve and the principles that align of markets to unlock the best in all of us and us We don t think of them as giving back to to improve society then their donations society That assumes they took something in will be impactful We have already impacted the first place and we believe they re paying students with our programs and reached far it forward with benevolence bringing their outside UMD through the thought leadership values to fruition for future generations of our affiliates In this way we provide value PASSION 2020 Annual Report 22

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To be the best that you can be you have to pursue something that makes you happy Ed Snider Which programs are most meaningful to you and why Jacqueline Manger Rajshree Agarwal SELF What excites me is the notion that individuals exemplifies the essence of the Ed Snider are at the core of enterprise creation and that Center and cultivates future thought new enterprise might disrupt markets and leaders as early as high school I love create a whole new frontier I fundamentally engaging with these young men and women believe in the goodness of business This belief who are at the cusp of adulthood They are aligns with the Center s values as a whole and eager to become independent thinkers and is imperative in continuing the great work simply soak up the frameworks provided in we re doing I find SELF deeply inspiring SELF to increase their ability to make lifedirecting decisions with confidence Our core programs are designed to help individuals understand themselves and Each student puts in hours of work of their motivation For me this purpose their their driven approach is equally a meaningful personal leadership plan and collaborating element of our programs for highschoolers with others in team based solutions to like SELF our curriculum and workshops problems they identify in their world Many for undergraduates as well as our mastery SELF alumni have stayed in touch even sessions for EMBAs By teaching individuals if they don t attend Maryland for their business strategy skills and providing them undergraduate degree It is amazing and the framework to explore purpose and value heartwarming to witness their post SELF proposition while also instilling a growth journey as each student creates their own mindset and ethical values students learn path to fulfill their dreams how they can positively impact society own volition developing PURPOSE Ed Snider Center for Enterprise and Markets 23

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GOING FORWARD OUR PASSION PURPOSE VISION Where do you see the center going in the next five years Rajshree Agarwal can The Snider Center is interdisciplinary in engage with their community and nature create meaningful relationships and its focus with faculty fellows and program offerings that span across multiple schools Our research and programs also have a in the University In research such an strong engagement component For example interdisciplinary focus mirrors how humans Snider Fellows provide frameworks for post function in society individuals are motivated harvest by both economic and psychological reasons of market based sustainable and scalable and their interactions have been moderated by ecosystems in political systems that either foster or hinder are also planning a randomized control human enterprise Over the next five years our faculty doctoral and post doctoral fellows will continue to create new knowledge within and across disciplinary lenses Specific themes also include the History of Capitalism and the Markets and Management Scholar Consortium loss reduction trial in Tanzania through creation developing contexts We This integrated research engagement project will provide small scale agribusiness enterprises educational training in the scientific approach to decision making under uncertainty This project extends our earlier research focus on post harvest loss reduction efforts through creation of market Moreover the Snider Center is committed based sustainable and scalable ecosystems to helping students live intentional lives Jacqueline Manger regardless of the choice of major and career We are starting to build upon learnings from I am particularly excited about the Intentional our first five years and the programs that Life Lab umbrella that is being created by were most successful and we re developing Sarah Wolek at the Center Three of the six programs around a core that s useful to pillars of the Lab are self or enterprise focused everybody You don t have to be a major at so students can identify their purpose and Maryland Smith or someone that says I want achieve wellness and financial prosperity to be an entrepreneur What we re teaching is The other three pillars focus on interactions more universal and extends beyond business or markets in a broad sense so students students We can help connect the dots for 2020 Annual Report 24

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any young person and empower a mindset have something that we can share with others that allows them to recognize themselves outside of the University If we aim big then as an individual in the free markets able to in the long term thousands of kids halfway on create success for themselves and for others the other side of the world could experience through trade and value creation I d like to the same virtual SELF program that nearly see us as a center of excellence providing 30 young people completed this summer It s resources for the entire university not just very doable and I think it would be incredibly for the School of Business Outside of the impactful university I want us to collaborate more with like minded institutions at other universities as well as independent organizations supportive of the idea that enterprise and What markets have the power to empower and to universal create great value for society Look at our response to COVID we ve had to find ways to deliver programs virtually we re teaching and extends is more beyond business students We can help connect the dots for any young person and empower a mindset that allows them to Thankfully the Center embraced virtual recognize themselves as an individual platforms before the pandemic by launching in the free markets able to create an all virtual undergraduate course that I success for themselves and for others had the privilege to teach called Creating a Purposeful Life and Career This curriculum is now being integrated into the Intentional Life through trade and value creation Jacqueline Manger Lab s curriculum and workshops Because of that we re months ahead of many of our contemporaries By creating workshops and curriculum that can be leveraged online we VISION Ed Snider Center for Enterprise and Markets 25

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WHO WE ARE STAFF Rajshree Agarwal Executive Director Jacqueline Manger Managing Director Sarah Wolek Director Intentional Life Lab Stevi Calandra Director Media Marketing Joyce Koo Program Manager Grants Engagement Marilee Dragsdahl Program Manager Curricula Engagement Nicholas Appleton Grants Financial Assistant Caitlin Stiffler Student Programs Assistant Saul Stoogenke Media Specialist Not Pictured 2020 Annual Report Michelle Edwards Executive Assistant 26

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ADVISORY BOARD EXECUTIVE FELLOWS John Allison IV Retired Chairman and CEO BB T Corporation Robert Fredley Sr Director of Digital Strategy Services American Psychological Association Richard S Levick Esquire Chairman CEO LEVICK Daniella Taveau Principal Bold Text Strategies COO The Embassy Series Sr Fellow The Atlantic Council Robert Posner CEO NewDay USA David Welch President and Owner Welch and Rushe Inc Jennifer Schubert Akin Chairman CEO The Steamboat Institute David Yang Vice President ICF Oscar Zeballos Co Founder Podcast Village CEO Free App Company Tina Suzanne Snider Director The Snider Foundation AFFILIATED RESEARCHERS Joe Bailey J hanna Krist n Birnir Serguey Braguinsky Christy Ford Chapin Joonkyu Choi Adina Dabu Francesco D Acunto Protiti Dastidar Paul Dragos Aligica Brent Goldfarb John C Haltiwanger Kylie King David Kirsch Brian Kogelmann Vojislav Max Maksimovic Chris Morris Atsushi Ohyama Mircea Raianu Jeremy Reid Alberto Rossi Felipe E Saffie David B Sicilia Steve Sonka Evan Starr David M Waguespack John Wallis Thank you to our many donors and supporters who continue to play a pivotal role in our success Here are just a few Ed Snider Center for Enterprise and Markets 27

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Annual Report 2020 4568 Van Munching Hall College Park MD 20742 Website go umd edu edsnidercenter Phone 301 405 2970 Email EdSniderCenter umd edu Twitter SniderCenter https twitter com SniderCenter LinkedIn https www linkedin com company snidercenter Snider Focus Digital Publication edsnidercenter org