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  • 5 5 5 WE Are Delighted to Be Here… We will tell you all you needed to know about the Business School but were afraid to ask… The “We” is our administrative team of deans and department chairpersons. The data and actual content of the document we will distribute was gleaned from faculty, staff, and administrators across the College and through the variety of committees including our CAC and FACs. We will hit the highlights through the PowerPoint slides but the full presentation and backup materials are contained in the bound document we are distributing. I will lead off then will be followed by Assistant Dean Liz Sinclair-Colando, Associate Dean Rick Schroath, and Associate Dean Larry Marks. The Department Chairs (Profs. Dick Brown, Dick Kent, Jim Boyd, and Eileen Bridges, and Jay Weinroth) will assist in answering questions or joining the discussions about the College and their respective departments.
  • College TOTALS 1999 2000 2001 2002 2003 Instructor 4 10 14 10 15 Assistant 9 8 8 7 8 Associate 22 18 21 27 20 Professor 19 20 20 21 17
  • College of Business Administration and

    1. 1. College of Business Administration and Graduate School of Management Strategic Priorities Presentation March 16, 2004
    2. 2. OUR PEOPLE Office of the Dean Dr. George E. Stevens Dean Dr. Larry Marks Associate Dean Dr. Don Williams* Associate Dean Ms. Liz Sinclair-Colando Assistant Dean Ms. Lucinda Welch Outreach Program Manager Mr. Ralph Kletzien Director of Development Department Chairpersons Dr. Dick Brown Accounting Dr. Felix Offodile* Management & Info. Systems Dr. Dick Kent Economics Dr. Mark Holder* Finance Dr. Eileen Bridges** Marketing *New in 03-04AY **Stepping down June 2004
    3. 3. OUR PEOPLE Endowed/Funded Chairs Dr. Raj Aggarwal Firestone Chair in Corporate Finance Dr. Michael Hu* Bridgestone Chair of International Business Dr. Michael Barnes* John F. Fiedler-BorgWarner Chair in Global Business Studies Mr. Ron Stolle Goodyear Executive Professor *New in 03-04AY
    4. 4. Our Undergraduate Programs <ul><li>BBA in Business </li></ul><ul><ul><li>Accounting </li></ul></ul><ul><ul><li>Business Management </li></ul></ul><ul><ul><ul><li>Management Major also off campus </li></ul></ul></ul><ul><ul><li>Computer Information Systems </li></ul></ul><ul><ul><li>Economics </li></ul></ul><ul><ul><li>Finance </li></ul></ul><ul><ul><li>Operations Management </li></ul></ul><ul><ul><li>Marketing </li></ul></ul>
    5. 5. Our Graduate Programs <ul><li>MBA </li></ul><ul><ul><li>Full-time MBA </li></ul></ul><ul><ul><li>Professional MBA (part-time; Kent, LCCC, Stark--expanded) </li></ul></ul><ul><ul><li>Executive MBA </li></ul></ul><ul><li>MS in Accounting </li></ul><ul><li>MS in Financial Engineering (joint program) </li></ul><ul><li>MA in Economics </li></ul><ul><li>Ph.D. in Business </li></ul>
    6. 6. F’99 to F’03 Major Growth – Kent Campus <ul><li>Undergraduate Majors </li></ul><ul><ul><li>2604 to 2821 or an 8.3% increase </li></ul></ul><ul><li>Graduate Majors 492 to 478 or a 2.8% decline </li></ul><ul><li>Total Kent Campus Majors </li></ul><ul><ul><li>3096 to 3299 or a 6.6% increase </li></ul></ul>
    7. 7. F’99 to F’03 Major Growth – System-wide <ul><li>Undergraduate Headcount – System-wide </li></ul><ul><ul><li>3466 to 3958 or an increase of 14.2% </li></ul></ul><ul><li>Graduate Headcount – System-wide </li></ul><ul><ul><li>504 to 481 or a 4.6% decline </li></ul></ul><ul><li>Total System-wide </li></ul><ul><ul><li>3970 to 4439 or an 11.8% INCREASE </li></ul></ul>
    8. 8. Our Majors – Kent Campus
    9. 9. Our Majors – System-wide
    10. 10. F’99 to F’03 Enrollment Growth – Kent Campus <ul><li>Total Headcount Enrolled </li></ul><ul><ul><li>10328 to 10801 or a 4.6% increase </li></ul></ul><ul><ul><li>RPIE data </li></ul></ul>
    11. 11. Our Kent Campus Enrollments
    12. 12. Our Full-time Faculty
    13. 13. Retirements in 2002-03 <ul><li>Lost 3 FT-TT faculty to ERIP </li></ul><ul><ul><li>1 FT-TT replacement </li></ul></ul><ul><ul><li>2 Temporary NTT replacements </li></ul></ul><ul><li>Lost 1 FT-TT to “regular” retirement </li></ul><ul><ul><li>1 FT-TT replacement </li></ul></ul>
    14. 14. Average Section Size (Combined Undergrad & Grad)
    15. 15. Average Section Size of Core Undergraduate Courses <ul><li>Dean’s Student Advisory Board: “Mega sections OK in first two years…” </li></ul><ul><li>“100 or more students NOT OK in junior and senior year…” </li></ul><ul><li>Core courses – Average is 115 students </li></ul><ul><li>Capstone course – Average exceeds 50 case course with significant writing assignments </li></ul>
    16. 16. Examples of Outreach <ul><li>CEED has served 675 organizations in ten states since 1997 </li></ul><ul><li>Of that group, 63 companies with multiple locations, HQ locations, and manufacturing </li></ul><ul><li>Kent Regional Business Alliance currently has 1,060 active clients </li></ul><ul><li>Loans made totaled $1,096,400 </li></ul><ul><li>Small businesses working with KRBA had $1,484,331 in gross domestic sales </li></ul><ul><li>29.5 jobs created by these businesses </li></ul>
    17. 17. National Recognition <ul><li>AACSB Accreditation </li></ul><ul><li>Fewer than 15% of the business schools worldwide have this accreditation </li></ul><ul><li>U.S. News & World Report (3 nd consecutive year) </li></ul><ul><li>Kent State University’s College of Business Administration is listed among America’s 157 best (out of over 1,200 business programs) business programs in the country! </li></ul><ul><li>KSU only public business school listed from northeast Ohio. </li></ul>
    18. 18. National Recognition <ul><li>Rated by Global Derivatives an on-line journal </li></ul><ul><li>Based on 683 surveys recorded, KSU’s program was rated 13 th in the country (ahead of University of Illinois—Urbana; Boston University; University of Southern California; and Florida State University) </li></ul>
    19. 20. A Few Successful Business Alumni <ul><li>Michael Capellas , Chairman & CEO, MCI (Pilliod Lecture Speaker). </li></ul><ul><li>Joseph Grunenwald , President, Clarion University </li></ul><ul><li>Pat Mullin , Managing Partner, Deloitte & Touche (KSU Board of Trustee member) </li></ul>
    20. 21. Significant Accomplishments <ul><li>INNOVATIVE LEARNING </li></ul><ul><li>M.S. in Financial Engineering interdisciplinary program (Fin, Math, Econ & Bus.) Trading Floor </li></ul><ul><li>Utilized House Bill funding to provide full multi-media capabilities in all BSA classrooms </li></ul><ul><li>Successfully sponsored the International Financial Symposium in Hong Kong </li></ul><ul><li>Expanded use of distance learning facilities to offer MBA to students at Lorain County Community College campus </li></ul>
    21. 22. Significant Accomplishments <ul><li>INNOVATIVE LEARNING </li></ul><ul><li>Supported use of “e-instruction” for real time student digital response </li></ul><ul><li>Faculty and Administrators attending AACSB seminars </li></ul><ul><li>Created a new faculty and staff development fund </li></ul><ul><li>Created a new scholarship fund for student international study </li></ul>
    22. 23. Significant Accomplishments <ul><li>FOCUS ON THOSE WE SERVE </li></ul><ul><li>Advisory boards for Accounting, Computer Information Systems, Financial Engineering, Student Advisory board, and Dean’s Business Advisory Council </li></ul><ul><li>Senior satisfaction survey, undergraduate alumni satisfaction survey (1 year and 5 year). </li></ul><ul><li>AACSB process implementation (annual reports, attendance at meetings, reaffirmation of accreditation) </li></ul>
    23. 24. Significant Accomplishments <ul><li>FOCUS ON THOSE WE SERVE </li></ul><ul><li>Created and maintained relationships with businesses </li></ul><ul><li>Surveyed prospective students about potential changes in EMBA program </li></ul><ul><li>Supported CEED in the creation of customized programs for medium and large size organizations </li></ul>
    24. 25. Significant Accomplishments <ul><li>FOCUS ON THOSE WE SERVE </li></ul><ul><li>Communication of Higher Learning Council and Association to Advance Collegiate Schools of Business developments to constituent groups </li></ul>
    25. 26. Significant Accomplishments <ul><li>REAL-WORLD EXPERIENCES </li></ul><ul><li>Appointed the first John Fiedler-BorgWarner Endowed Chair in Global Business Studies </li></ul><ul><li>More than 300 students engaged in internship opportunities since 2001 </li></ul><ul><li>All College of Business undergraduate students have a capstone course in Business Policies and in their major </li></ul>
    26. 27. Significant Accomplishments <ul><li>REAL-WORLD EXPERIENCES </li></ul><ul><li>MBA students have the opportunity for an International Business Experience </li></ul><ul><li>EMBA students are required to have an International Business Experience </li></ul><ul><li>Growing MBA Mentorship program </li></ul><ul><li>MBA students participate in Ohio Case Competition </li></ul>
    27. 28. Significant Accomplishments <ul><li>REAL-WORLD EXPERIENCES </li></ul><ul><li>Delta Sigma Pi , the College's professional business fraternity, regularly receives University recognition for organization excellence and by their national association for their fundraising efforts. </li></ul><ul><li>Our accounting honorary - Beta Alpha Psi regularly places among the top competitors in accounting debates with other universities and finishes among the top contenders in a Best Practices regional competition sponsored by BAP. Earned “Superior Chapter” recognition. </li></ul>
    28. 29. Significant Accomplishments <ul><li>REAL-WORLD EXPERIENCES </li></ul><ul><li>The American Marketing Association for the last 12 years has been recognized for excellence in such areas as programming, community services, promotions, fundraising, membership and has received top chapter awards. </li></ul><ul><li>The Management Information Systems Association has developed significant alliances with area business such as First Energy, Medical Mutual, Progressive Insurance and Bridgestone/Firestone. </li></ul>
    29. 30. Significant Accomplishments <ul><li>RELATIONSHIPS THAT FOSTER SUCCESS </li></ul><ul><li>College of Business Colleagues (CBC) – Program for retention of freshmen EXTENDED to commuter students </li></ul><ul><li>Creation of NEW Interest Group for Accounting Freshmen </li></ul><ul><li>BBA in Management on Regional Campuses and Lorain </li></ul><ul><li>Joint MBA Programs with Architecture, Fashion Design & Merchandising, Library Science, Nursing </li></ul>
    30. 31. Significant Accomplishments <ul><li>RELATIONSHIPS THAT FOSTER SUCCESS </li></ul><ul><li>Will EXPAND Professional MBA to Stark to enable completion of the degree there beginning Fall 2004 </li></ul>
    31. 32. Significant Accomplishments <ul><li>RELATIONSHIPS THAT FOSTER SUCCESS </li></ul><ul><li>100% satisfaction with the Peer Advising Program initiative for freshmen students ( will be dropped due to lack of funding) </li></ul><ul><li>High satisfaction with UPO advising despite a 700:1 ratio of students to advisors </li></ul>
    32. 33. Development Efforts <ul><li>Development (Fund Raising) Results: </li></ul><ul><li>FY’01 $1,098,630 </li></ul><ul><li>FY’02 $1,870,715 </li></ul><ul><li>FY’03 $4,546,229 </li></ul><ul><li>FY’04 </li></ul><ul><li>Booked through 12/31/03 $ 851,000 </li></ul><ul><li>Anticipated 1/04 – 6/04 $1,649,000 </li></ul><ul><li>Total Goal FY’04 $ 2,500,000 </li></ul><ul><li>  </li></ul>
    33. 34. <ul><li>Strategic Priorities </li></ul>
    34. 35. Centers of Excellence <ul><ul><li>INTERNATIONAL </li></ul></ul><ul><ul><li>FINANCIAL ENGINEERING </li></ul></ul><ul><ul><li>ENTREPRENEURSHIP </li></ul></ul>
    35. 36. Centers of Excellence <ul><li>INTERNATIONAL </li></ul><ul><ul><li>Developing NEW NAFTA relationships with Laval University (Quebec) and Universidad de las Américas, Puebla, Mexico </li></ul></ul><ul><ul><li>Developing NEW undergraduate study abroad relationships with Grenoble School of Management, France. </li></ul></ul><ul><ul><li>Developing NEW partnership with Cleveland State University on International Programs </li></ul></ul><ul><ul><li>Planning NEW International Case Competition </li></ul></ul>
    36. 37. Centers of Excellence <ul><li>INTERNATIONAL </li></ul><ul><li>Faculty Involvement— </li></ul><ul><ul><li>Support of the Geneva Study Abroad Program </li></ul></ul><ul><ul><li>Research appointment at International Research Center </li></ul></ul><ul><ul><li>Grant proposal for creation of International e-learning Community (web based) </li></ul></ul>
    37. 38. Centers of Excellence <ul><li>INTERNATIONAL </li></ul><ul><li>CEED Involvement— </li></ul><ul><ul><li>Creation of “Global Intelligence” Series </li></ul></ul><ul><ul><ul><li>Going Global UK </li></ul></ul></ul><ul><ul><ul><li>Going Global China </li></ul></ul></ul><ul><ul><ul><li>Going Global NAFTA </li></ul></ul></ul>
    38. 39. Centers of Excellence <ul><li>FINANCIAL ENGINEERING </li></ul><ul><ul><li>Pursue opportunities for partnerships with businesses to use the floor for their“disaster recovery” needs. </li></ul></ul><ul><ul><li>Pursue opportunities to use trading floor for continuing education training (distance learning; domestic & international). </li></ul></ul><ul><ul><li>Planning for next International Research Symposium in Singapore </li></ul></ul>
    39. 40. Centers of Excellence <ul><li>FINANCIAL ENGINEERING </li></ul><ul><ul><li>Exploration of bringing the Review of Futures Markets journal to Kent State (12 th ranked journal in Finance) </li></ul></ul>
    40. 41. Centers of Excellence <ul><li>ENTREPRENEURSHIP </li></ul><ul><ul><li>Will develop a business plan for funding and operation of a Center for Entrepreneurship </li></ul></ul><ul><ul><li>Explore curricular opportunities in entrepreneurial studies </li></ul></ul><ul><ul><li>Developed a NEW student organization for students interested in entrepreneurship </li></ul></ul>
    41. 42. College of Business Dean Business Advisory Council <ul><li>Center for Entrepreneurship R&D </li></ul><ul><li>Angel/Venture Capital fund </li></ul><ul><li>Entrepreneurial Scholars— </li></ul><ul><li>Faculty/Students </li></ul><ul><li>Applied Business Research Center </li></ul><ul><li>Continuing education offerings </li></ul><ul><li>Faculty Research </li></ul><ul><li>(Separate 501-C3) </li></ul><ul><li>Kent Regional Business Alliance </li></ul><ul><li>Small Business Development Ctr. </li></ul><ul><li>Business Incubator </li></ul><ul><li>Loan Program </li></ul><ul><li>Business Center for Women </li></ul><ul><li>+”outside” affiliates (OAE, PTAC, CEED, Minority Business Center </li></ul>Outcomes 1. Student Learning 2. Business Enhancements 3. Faculty research 4. Intellectual property development 5. “Laboratory” environment Benefits 1. Economic development 2. Employment Opportunities 3. Job Creation
    42. 43. New Academic Initiatives <ul><li>Marketing Major revised </li></ul><ul><li>EMBA program revised </li></ul><ul><li>Finance Major revision </li></ul><ul><li>New cooperative efforts with CEED to offer special courses and seminars for KSU undergraduate students </li></ul><ul><li>Accounting accreditation application </li></ul>
    43. 44. Partnerships <ul><li>International – Canada, Mexico, France, Asia </li></ul><ul><li>Local – Cleveland State University </li></ul><ul><li>Across KSU system – Stark campus </li></ul><ul><li>Development – Individual and corporate donors </li></ul>
    44. 45. External Partnership Support <ul><li>SBDC – Linda Yost, Director </li></ul><ul><li>KRBA – Jack Crews, CEO </li></ul><ul><li>Western Reserve Business Center for Women – </li></ul><ul><ul><li>Mary Ann Jasionowski, Business Analyst </li></ul></ul><ul><li>Procurement Technical Assistance Center – Keith Tarbett </li></ul><ul><li>OAE –Casey Mackert, Executive Director </li></ul>
    45. 46. Technology and Learning <ul><li>Classroom Enhancements </li></ul><ul><li>Distance Learning via V-tel </li></ul><ul><li>Financial Trading Room Floor </li></ul><ul><li>Web center support </li></ul>
    46. 47. Development Efforts <ul><li>Program Priorities of Development Efforts: </li></ul><ul><ul><li>Financial Engineering </li></ul></ul><ul><ul><li>Entrepreneurship </li></ul></ul><ul><ul><li>Global Business </li></ul></ul><ul><li>  Category Priorities of Development Efforts: </li></ul><ul><ul><li>Program Support </li></ul></ul><ul><ul><li>Professorates </li></ul></ul><ul><ul><li>Faculty Support </li></ul></ul><ul><ul><li>Scholarships </li></ul></ul>
    47. 48. <ul><li>Strategic Budget </li></ul>
    48. 49. Most critical needs <ul><li>Support for current enrollment demand </li></ul><ul><li>Support for Maintenance of Accreditation under new Standards (April 2003) </li></ul><ul><li>+Strategic Management Standards </li></ul><ul><li>+Participants Standards (faculty, staff, and students) </li></ul><ul><li>+Assurance of Learning (assessment) </li></ul><ul><li>+Separate Accounting Accreditation </li></ul><ul><li>Support for the three centers of excellence </li></ul><ul><li>+Operating costs, staff, equipment and facilities </li></ul>
    49. 50. Strategic Budget <ul><li>Adequately support current needs: </li></ul><ul><li>Rebuild budgets for instruction </li></ul><ul><li>Operating expenses </li></ul><ul><li>GA compensation </li></ul><ul><li>Foster centers of excellence </li></ul>
    50. 51. Strategic Budget <ul><li>Rebuild budgets for instruction </li></ul><ul><ul><li>Upcoming ERIP losses : </li></ul></ul><ul><ul><ul><li>2 certain, 1 possible </li></ul></ul></ul><ul><ul><ul><li>Need temporary NTT replacements pending return of TT lines </li></ul></ul></ul><ul><li>$165,019 Salary </li></ul><ul><li>($ 217,824 Total with benefits) </li></ul>
    51. 52. Strategic Budget <ul><li>Rebuild budgets for instruction </li></ul><ul><ul><li>TT Needs – 6 positions </li></ul></ul><ul><ul><ul><li>Enrollment Growth </li></ul></ul></ul><ul><ul><ul><li>Multiple Programs </li></ul></ul></ul><ul><ul><ul><li>AACSB minimum Standards </li></ul></ul></ul><ul><ul><ul><li>MSFE Program Support </li></ul></ul></ul><ul><li>$ 552,000 Salary </li></ul><ul><li>($728,640 Total with benefits) </li></ul>
    52. 53. Strategic Budget <ul><li>Rebuild budgets for instruction </li></ul><ul><ul><li>PT Needs – 6 positions </li></ul></ul><ul><ul><ul><li>Enrollment Growth & New Initiatives </li></ul></ul></ul><ul><ul><ul><li>Multiple Programs </li></ul></ul></ul><ul><ul><ul><li>$105,411 Salary </li></ul></ul></ul>
    53. 54. Strategic Budget <ul><li>Rebuild budgets to Support Instruction </li></ul><ul><ul><li>Operating expenses </li></ul></ul><ul><ul><li>Support for: </li></ul></ul><ul><ul><ul><li>5 Academic Departments $75,000 </li></ul></ul></ul><ul><ul><ul><li>3 Offices $45,000 </li></ul></ul></ul><ul><ul><li>Total Support $120,00 </li></ul></ul>
    54. 55. Strategic Budget <ul><li>Enhance Graduate Student Support </li></ul><ul><ul><li>Increase GA support by14 lines </li></ul></ul><ul><ul><ul><li>$214,480 </li></ul></ul></ul><ul><ul><li>Increase GA & TF stipends </li></ul></ul><ul><ul><ul><li>$131,500 </li></ul></ul></ul><ul><ul><li>Increase TF support (2 lines) </li></ul></ul><ul><ul><ul><li>$ 42,640 </li></ul></ul></ul>
    55. 56. Strategic Budget <ul><li>Foster Centers of Excellence </li></ul><ul><li>Add 3 NEW faculty in ENTREPRENUERSHIP to support initiative and to achieve critical mass in this disciplinary area </li></ul><ul><ul><li>$300,000 Salary </li></ul></ul><ul><ul><li>( $396,000 Total with benefits) </li></ul></ul>
    56. 57. Conclusion: Goals of presentation <ul><li>We discussed our people, our academic programs, enrollment, faculty, and recognition. </li></ul><ul><li>We highlighted selected accomplishments. </li></ul><ul><li>We listed our friend raising and fund raising activities. </li></ul><ul><li>We identified our new Centers of Excellence: Entrepreneurship, Financial Engineering, and Global Business Studies. </li></ul><ul><li>We recognize the challenges the college faces. </li></ul>
    57. 58. DISCUSSION