n these changing times, global business leaders are facing more complex challenges than ever before. This issue of Kenan-Flagler's alumni magazine examines both the challenges and the opportunities of globalization. In the wake of Sept. 11, three Kenan-Flagler faculty scholars discuss issues of critical importance for companies competing in an increasingly interconnected world. You'll learn about the possibilities at the bottom of the economic pyramid, why companies need to pay closer attention to their supply-chains and how smart companies can take advantage of development opportunities in emerging "airport cities." You'll read about a disruptive new technology that could change the face of business travel forever, and about MBA students mastering the art of improvisation so that they can become effective leaders.

In a series of feature profiles, you'll see how Kenan-Flagler alumni around the world are successfully navigating these turbulent times. Whether dealing with a financial crisis in Argentina, assuming leadership roles as ambassadors to Switzerland and the Eastern Caribbean, or traveling throughout Latin America with one of the world's largest pharmaceutical companies, Kenan-Flagler graduates are demonstrating their skills as adaptable and flexible leaders.

Here at the School, we are creating new programs with worldwide impact, such as a new center that will examine international tax issues, an executive MBA Program developed in partnership with four, top-ranked business schools on four continents, and an undergraduate program where domestic and international students will live - and learn - together.

As Dean Robert S. Sullivan, who himself spent transforming years in the Peace Corps in Ethiopia, has said: "Now is not the time to shrink away or to pull in our oars. Now, more than ever before, we need a greater engagement of the world."

Kim Weaver Spurr
Editor