College of Business Administration and Graduate School of Management : College of Business Administration and Graduate School of Management Strategic Priorities Presentation
February 24, 2006
Overview : Overview Our Programs
Our Endowed and Funded Faculty
Enrollment trends
Accomplishments
Our Vision
Sustaining Investments
Strategic Investments
Conclusion
Our Undergraduate Programs : Our Undergraduate Programs BBA in Business
Accounting
Business Management
Management Major across 8 campuses & LCCC
Computer Information Systems
Economics
Finance
Marketing
Operations Management
Our Graduate Programs : Our Graduate Programs MBA
Full-time MBA
Professional MBA (Part-time; Kent, LCCC, Stark)
Executive MBA
MBA dual degree programs with:
Master of Science in Nursing
Master of Library Science
Master of Architecture
MBA combined degree with:
BS, Fashion
Our Graduate Programs : Our Graduate Programs MS in Accounting
MS in Financial Engineering (joint program)
MA in Economics
Ph.D. in Business Administration
Endowed/Funded Positions : Endowed/Funded Positions Dr. Michael Hu Bridgestone Chair of International Business
Dr. Michael Barnes John F. Fiedler-BorgWarner
Chair in Global Business Studies
Dr. Raj Aggarwal Firestone Chair in Corporate Finance
Mr. Ron Stolle Goodyear Executive Professor
Dr. Mark Holder Olga Mural Associate
Professor
*Ms. Julie Messing Director, Entrepreneurship Program
*partially funded from external sources
Our Majors – Kent Campus : Our Majors – Kent Campus
F’01 to F’05 Major Enrollment Kent Campus : F’01 to F’05 Major Enrollment Kent Campus Enrollment (Headcount)
Undergraduate Majors
2904 to 2722 (6% decrease)
Graduate Majors
449 to 413 (8% decrease)
Total Kent Campus Business Major Enrollment
3353 to 3201 (6.5% decrease)
Slide9 : Lorain County Community College
F’01 to F’05 Major Enrollment System-wide : F’01 to F’05 Major Enrollment System-wide Undergraduate Major Headcount
System-wide
3964 to 3886 (2% decrease)
Graduate Major Headcount
System-wide
461 to 430 (6% decrease)
Total System-wide
4425 to 4316 (2.4% decrease)
Our Majors – System-wide : Our Majors – System-wide
Students Served at a Distance : Students Served at a Distance *Undergraduate and graduate business classes whether the course was taught from or to the listed site; “seat count” enrolled
Students Served at a Distance : Students Served at a Distance
Students Served at a Distance : Students Served at a Distance
Students Enrolled in Kent Campus COBA Courses Fall Enrollments : Students Enrolled in Kent Campus COBA Courses Fall Enrollments Source: RPIE Income Generation Model
Income Generated by COBA Courses -- Fall : Income Generated by COBA Courses -- Fall Source: RPIE Income Generation Model
Our Budgeted Faculty Lines : Our Budgeted Faculty Lines Source: University Academic Budget Office
Average Section Size (Combined Undergrad & Graduate) : Average Section Size (Combined Undergrad & Graduate) Source: RPIE Analysis most recent data
Fall 1995 to Fall 2004 Percent Change in Enrollment and Budgeted Faculty : Fall 1995 to Fall 2004 Percent Change in Enrollment and Budgeted Faculty
Accomplishments : Accomplishments
Encourage Innovation in Learning : Encourage Innovation in Learning Recognition of Faculty Scholarship
James Boyd (Finance) received the Jack L. Walker Award for best paper in the area of political parties and organizations from the American Political Science Association
Mark Altieri (Accounting) was awarded the first Certificate of Financial Literacy by the AICPA
Encourage Innovation in Learning : Encourage Innovation in Learning Recognition of Faculty Scholarship
Raj Aggarwal (Finance) was ranked number one globally as an international business scholar with the greatest impact on scholarly international business journals over the period 1990-2002 in an article published in 2005
Marvin Troutt (M&IS) received the KSU 2005 Distinguished Scholar Award
Encourage Innovation in Learning : Encourage Innovation in Learning Recognition of Faculty Scholarship
Dave McKee (Economics) is a trustee of the International Academy of Business Disciplines
Encourage Innovation in Learning : Encourage Innovation in Learning Assessment of Student Learning
Developed learning goals and objectives for the BBA program
Implementing measurement of student learning for undergraduate majors and graduate degree programs
Further reviewing of MBA program learning objectives
Encourage Innovation in Learning : Encourage Innovation in Learning Use of Physical Space to Enhance Learning
Entrepreneurial Lab
Complete computer/AV technology in all classrooms
Encourage Innovation in Learning : Encourage Innovation in Learning Use of Physical Space to Enhance Learning
Wall-to-wall wireless support
100 seat computer lab
Slide27 : Vaughn-Hoover Executive Classroom Goodyear Electronic Classroom
Encourage Innovation in Learning
Slide28 : Olga Mural Trading Floor
Focus on those We Serve : Focus on those We Serve Involvement with Scholarly Disciplines
Publisher of the Review of Futures Markets journal (Mark Holder, editor)
Raj Aggarwal (Finance) is area editor for the Journal of International Business Studies and is the Chair of the Cleveland Committee on Foreign Relations
Focus on those We Serve : Focus on those We Serve Involvement with Scholarly Disciplines
Michael Pearson (Accounting) elected to a three-year term as Ohio's representative on the American Institute of CPAs Joint Trial Board
Host the annual Norm Meonske Institute of Management Accountants Conference
Eileen Bridges (Marketing) is Chair of the American Marketing Association Services Special Interest Group
Focus on those We Serve : Focus on those We Serve Encourage and Support Processes of Continuous Improvement
Revised BBA program to reflect AACSB elimination of the 50% rule
Revised the International Business minor
Established an introductory International Business course
Focus on those We Serve : Focus on those We Serve Encourage and Support Processes of Continuous Improvement
Established introductory course in entrepreneurship
Established entrepreneurship minor
Established seminar courses to accommodate interdisciplinary topics
Successfully completed the Board of Regents Ph.D. Program review
Economics will offer International Money, Credit and Banking via DL to Lorain for the International Business minor
Focus on those We Serve : Focus on those We Serve Student Recognition
The Wall Street Journal Academic Achievement Award was presented to Ciarra Brunn
Rachael Yeager was designated as a Junior Fellow of the American Academy of Political and Social Science
The American Marketing Association was recognized at their annual international conference for chapter achievement for the 14th consecutive year.
In the past 5 years, Beta Alpha Psi, has been recognized as a distinguished chapter and is a four time winner of the best practices award.
Engage with the World Beyond Our Campuses : Engage with the World Beyond Our Campuses Global Focus
Co-sponsored (with CSU) the Academy of International Business regional conference
Sponsored the Asia-Pacific symposium in Singapore. The next symposium is in Bangkok, Thailand on March 23 and 24
Conducted training in electronic trading for Tokyo Grain Exchange executives
Host Institution for IREX Muskie Fellows
Engage with the World Beyond Our Campuses : Engage with the World Beyond Our Campuses Global Focus
Provided international travel scholarships for exchange and short-study programs with the University of the Americas (UDLA) in Puebla, Mexico; Laval University in Quebec City, Canada; and other programs
Global Management speaker series
MBA students participated in the Molson International Case Competition in Montreal, Canada
Engage with the World Beyond Our Campuses : Engage with the World Beyond Our Campuses Experiential Learning
Established Entrepreneurial Lab, supported by volunteer Entrepreneur- in-Residence, Lee McMannis
Provided community-based research through the Entrepreneurial Lab
Undergrad and Grad Internships
CBC and MBA Mentorships
Working with Business Advisory Council to develop doctoral research internships
Student run College website
Engage with the World Beyond Our Campuses : Engage with the World Beyond Our Campuses Experiential Learning
As a part of the new curriculum, Marketing is bringing "live" cases into the classroom in the Customer Analysis course. Students will be working with the Garick Corporation to assess the market for alternative fuels for industrial and home heating uses
Classroom Response Systems (“Clickers”)
Homework Manager
Web Supported Classes
Web Classes
Engage with the World Beyond Our Campuses : Engage with the World Beyond Our Campuses Experiential Learning
Students in the MSFE program manage $1.5 million for the University as part of an alternative investment program…REAL dollars and REAL experience!!
Relationships that Foster Success : Relationships that Foster Success Learning Communities
College of Business Colleagues (CBC)
Accounting Freshman Interest Group (AFIG)
A Community of Entrepreneurs (ACE)
Relationships that Foster Success : Relationships that Foster Success Recruiting Activities
Broad participation in Geographic Receptions and Academic Discovery Days
Travel with the Ohio MBA Network
Julie Messing working with Brent Pfeiffer and Kent High School DECA group
Promotional activities
Slide41 : WKSU
WTAM
WMVX PROMOTING OUR PROGRAMS
EMBA BROADCAST ON:
Relationships that Foster Success : Relationships that Foster Success Systematic Academic Advising Undergraduates
Advising visits to the Regional Campuses two weeks each month
A full-time advisor at LCCC
“Five minute” advisor available every day
Evening and weekend hours are regularly available
Phone calls to all freshmen during the Spring semester to schedule an advising appointment
Relationships that Foster Success : Relationships that Foster Success Systematic Academic Advising Masters Students
Advising visits to Stark campus graduate students
Full time advisor at LCCC
A web portal for all new graduate students
A Distance Learning Orientation Program for new off campus students
Advising newsletters (twice a year)
Use of an advising LISTSERV
Evening advising hours for part-time students
Relationships that Foster Success : Relationships that Foster Success Systematic Academic Advising
Letters sent to:
All freshmen after midterm grades
Students after final grades about probation and semester warnings
Dean’s List students
President’s List students
Part-time MBA students who have stopped attending
Relationships that Foster Success : Relationships that Foster Success External partnerships
Goodyear Tire & Rubber support of Executive Professor
Rick Schroath (Finance) and Don Williams (Economics) received Ohio Board of Regents Challenge Grant (with John Logue and Jackie Yates) to study trends in Employee Ownership in Ohio and the United States
Kathy Wilson (Economics), with professors from the University of Wisconsin and Syracuse University, has received a research grant from the Russell Sage Foundation allowing them to join a broader international scholar network to look at issues of inequality, mobility, and education across countries.
Development/Fundraising : Development/Fundraising FY ’01 $1,098,630
FY ’02 $1,870,715
FY ’03 $4,546,229
FY ’04 $2,973,818
FY ’05 $2,057,265
Donations through 12/31/05 $526,118
Includes $50,000 of $150,000 over 3 years for Entrepreneurship
(College Development position currently unfilled)
Investing in Ourselves : Investing in Ourselves Undergraduate Student Scholarships
Support for Undergraduate Programs
Entrepreneurial Fund
Student International Travel Fund
Faculty/Staff Professional Enhancement Fund
Doctoral Student Development Fund
Our Vision : Our Vision
Mission : Mission The Kent State University College of Business Administration and Graduate School of Management faculty fulfill their charge from the University and State of Ohio by providing high-quality undergraduate, graduate, and executive programs by engaging in a combination of instructional, research and scholarship, and service activities. While selected graduate programs encompass national and international clienteles, our programs primarily serve the citizens of Northeastern Ohio.
Vision : Vision While continuously improving the quality of programs across the curriculum, we will be recognized for excellent programs in:
Entrepreneurship and Business Innovation
Financial Engineering
Global Management
Continuous Improvement Initiatives : Continuous Improvement Initiatives AACSB Accounting Accreditation
Marketing Major Differentiation
Ph.D. Program
Strategic Goals : Strategic Goals Develop new programs in areas of Excellence
Increase quantity and quality of scholarship
Enhance Ph.D. program
Attain separate Accounting accreditation
Raise funds for Centers of Excellence
Other Goals : Other Goals Assessment of Student Learning
Plan for AACSB Maintenance of Accreditation
Immediate Priorities : Immediate Priorities
Develop New Programs in the Three Areas Of Excellence : Develop New Programs in the Three Areas Of Excellence
Consider feasibility of undergraduate major in International Business
Expand global programs through the Global Management Center (speaker series, case competitions)
Develop Joint Masters program in Global Business with Cleveland State University
Develop New Programs in the Three Areas Of Excellence : Develop New Programs in the Three Areas Of Excellence Develop proposal for a Center for Financial Engineering
Develop partnerships for Entrepreneurship bootcamps
Increase the Quantity and Quality of Faculty Research : Increase the Quantity and Quality of Faculty Research
Build relationships across departments and across campus to increase externally funded grants
Formalize differential workload criteria
Raise funds for research databases
Provide support for research through Centers of Excellence
Enhance Ph.D. program : Enhance Ph.D. program Broaden faculty participation in the doctoral program
Develop support system to increase grant-writing activity
Develop relationships with business and other organizations to provide applied research opportunities for faculty and doctoral students
Develop external support for doctoral students
Attain Separate Accounting Accreditation : Attain Separate Accounting Accreditation
Continue to work with AACSB appointed team chair toward initial AACSB accreditation
Implementing mentor’s advice
Planning for accreditation team visit in Spring 2008
Raise Funds for Centers of Excellence : Raise Funds for Centers of Excellence Raise endowed funds for Entrepreneurship Center Coordinator position
Raise endowed funds for Global Center Executive Director position
Implement the existing plan to seek external support for “named” Accounting program
Implement plan to seek support for new Marketing curriculum
Other Priorities : Other Priorities Promote Undergraduate Programs
Entrepreneurship minor
A Community of Entrepreneurs (ACE) learning community
International Business minor at Kent and LCCC
Increase Graduate Program Enrollments
Professional MBA
Master of Science in Financial Engineering
Master Arts in Economics
Master of Science in Accounting
Develop GSM Marketing plan
Sustaining Investments : Sustaining Investments
Most Critical Needs : Most Critical Needs Support for current enrollment demand
Support for Maintenance of Accreditation under new Standards (team visit Spring 2008)
Preparing AACSB annual reports
Prepare final year maintenance report
Separate Accounting Accreditation
Support for the three centers of excellence
Operating costs, staff, equipment and facilities
Slide64 : Sustaining Investments Adequately support current needs:
Rebuild budgets for instruction
Operating expenses
GA compensation
Foster centers of excellence
Slide65 : Sustaining Investments Rebuild Budgets for Instruction -- Efficiencies
Reconfigure a TT Finance position into two NTT lines ($9,000 additional for benefits)
Net increase – 11 additional classes covered
Slide66 : Sustaining Investments Rebuild Budgets for Instruction
TT Needs – 4 positions
Enrollment Growth in selected majors
Support Multiple Programs
Meet/Exceed AACSB minimum Standards
MSFE Program Support
$ 400,000 Salary
($ 138,000 benefits)
Slide67 : Sustaining Investments Rebuild Budgets for Instruction
NTT Needs – 4 positions
($255,000 salary plus benefits)
PT Needs – 3 positions
Selected Enrollment Growth & New Initiatives
Multiple Programs
($50,000 salary)
Slide68 : Sustaining Investments Rebuild budgets to Support Instruction
Operating expenses
Support for:
5 Academic Departments $75,000
3 Offices $45,000
Total Support $120,000
Slide69 : Sustaining Investments Enhance Graduate Student Support
Increase GA support by 14 lines
$220,000
Increase GA & TF stipends
$135,000
Total Graduate Student Support $355,000
Slide70 : Sustaining Investments Enhance Staff Support
GSM Admissions Secretary $32,000
Learning Community Coord $30,000
UPO Academic Advisor $33,000
Web Center Coordinator $30,000
Move Development Secretary
to Full-time $20,000
Total Staffing Support $145,000 plus benefits
Slide71 : Sustaining Investments Foster Centers of Excellence
Director of Entrepreneurship Center
Director of Financial Engineering
Director of Global Management Center
Strategic Investments : Strategic Investments Looking forward …. to 2010
Strategic Investments : Strategic Investments Our AACAB Strategic Management Committee links:
Where we are going
How we get there
Who is responsible
How we pay for it
Campaign Goals : Campaign Goals Programmatic Fund Raising Priorities for Excellence
Center for Entrepreneurship and Business Innovation
Center for Financial Engineering
Center for Global Management
Plus
Excellence In Accounting
Marketing for Small/Medium Business
Total 5 Year Plan approximately $18,000,000
Centers of Excellence : Centers of Excellence Global Management Center
Executive Director
Speaker series, research support, faculty travel, student travel
MSFE Program
Center Director
Research faculty
Center for Entrepreneurship and Business Innovation
Add 3 NEW faculty in ENTREPRENUERSHIP to support initiative and to achieve critical mass in this disciplinary area
Conclusion: Goals of presentation : Conclusion: Goals of presentation We discussed our academic programs
We highlighted enrollment trends
We focused on our Centers of Excellence
We identified strategic priorities for 2005-2010
We discussed external friend/fund raising
By inference, we revealed our level of support
QUESTIONS : QUESTIONS