feb2006final

College of Business Administration andGraduate 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 CoursesFall 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

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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

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Sustaining Investments Adequately support current needs: Rebuild budgets for instruction Operating expenses GA compensation Foster centers of excellence

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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

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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)

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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

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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