Title: College of Business Administration and Graduate School of Management
1College of Business Administration andGraduate
School of Management
Strategic Priorities Presentation February 24,
2006
2Overview
- Our Programs
- Our Endowed and Funded Faculty
- Enrollment trends
- Accomplishments
- Our Vision
- Sustaining Investments
- Strategic Investments
- Conclusion
3Our Undergraduate Programs
- BBA in Business
- Accounting
- Business Management
- Management Major across 8 campuses LCCC
- Computer Information Systems
- Economics
- Finance
- Marketing
- Operations Management
4Our 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
5Our Graduate Programs
- MS in Accounting
- MS in Financial Engineering (joint program)
- MA in Economics
- Ph.D. in Business Administration
6Endowed/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
7Our Majors Kent Campus
8F01 to F05 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)
9Lorain County Community College
10F01 to F05 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)
11Our Majors System-wide
12Students Served at a Distance
Undergraduate and graduate business classes
whether the course was taught from or to the
listed site seat count enrolled
13Students Served at a Distance
14Students Served at a Distance
15Students Enrolled in Kent Campus COBA
CoursesFall Enrollments
Source RPIE Income Generation Model
16Income Generated by COBA Courses -- Fall
Source RPIE Income Generation Model
17Our Budgeted Faculty Lines
Source University Academic Budget Office
18Average Section Size(Combined Undergrad
Graduate)
Source RPIE Analysis most recent data
19Fall 1995 to Fall 2004 Percent Change in
Enrollment and Budgeted Faculty
20Accomplishments
21Encourage 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
22Encourage 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 (MIS) received the KSU 2005
Distinguished Scholar Award
23Encourage Innovation in Learning
- Recognition of Faculty Scholarship
- Dave McKee (Economics) is a trustee of the
International Academy of Business Disciplines
24Encourage 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
25Encourage Innovation in Learning
- Use of Physical Space to Enhance Learning
- Entrepreneurial Lab
Complete computer/AV technology in all
classrooms
26Encourage Innovation in Learning
- Use of Physical Space to Enhance Learning
- Wall-to-wall wireless support
100 seat computer lab
27Encourage Innovation in Learning
Goodyear Electronic Classroom
Vaughn-Hoover Executive Classroom
28Olga Mural Trading Floor
29Focus 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
30Focus 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
31Focus 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
32Focus 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
33Focus 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.
34Engage 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
35Engage 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
36Engage 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
37Engage 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
38Engage 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 programREAL dollars and REAL
experience!!
39Relationships that Foster Success
- Learning Communities
- College of Business Colleagues (CBC)
- Accounting Freshman Interest Group (AFIG)
- A Community of Entrepreneurs (ACE)
40Relationships 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
41PROMOTING OUR PROGRAMS EMBA
BROADCAST ON
42Relationships 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
43Relationships 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
44Relationships that Foster Success
- Systematic Academic Advising
- Letters sent to
- All freshmen after midterm grades
- Students after final grades about probation and
semester warnings - Deans List students
- Presidents List students
- Part-time MBA students who have stopped attending
45Relationships 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.
46Development/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)
-
47Investing in Ourselves
- Undergraduate Student Scholarships
- Support for Undergraduate Programs
- Entrepreneurial Fund
- Student International Travel Fund
- Faculty/Staff Professional
Enhancement Fund - Doctoral Student Development Fund
48Our Vision
49Mission
- 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.
50Vision
- 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
51Continuous Improvement Initiatives
- AACSB Accounting Accreditation
- Marketing Major Differentiation
- Ph.D. Program
52Strategic 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
53Other Goals
- Assessment of Student Learning
- Plan for AACSB Maintenance of Accreditation
54Immediate Priorities
55Develop 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
56Develop New Programs in the Three Areas Of
Excellence
- Develop proposal for a Center for Financial
Engineering - Develop partnerships for Entrepreneurship
bootcamps
57Increase 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
58Enhance 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
59Attain Separate Accounting Accreditation
- Continue to work with AACSB appointed team chair
toward initial AACSB accreditation - Implementing mentors advice
- Planning for accreditation team visit in Spring
2008
60Raise 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
61Other 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
62Sustaining Investments
63Most 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
64Sustaining Investments
- Adequately support current needs
- Rebuild budgets for instruction
- Operating expenses
- GA compensation
- Foster centers of excellence
65Sustaining 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
66Sustaining 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)
67Sustaining 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)
68Sustaining Investments
- Rebuild budgets to Support Instruction
- Operating expenses
- Support for
- 5 Academic Departments 75,000
- 3 Offices 45,000
- Total Support 120,000
69Sustaining 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
70Sustaining 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
71Sustaining Investments
- Foster Centers of Excellence
- Director of Entrepreneurship Center
- Director of Financial Engineering
- Director of Global Management Center
72Strategic Investments
- Looking forward . to 2010
73Strategic Investments
- Our AACAB Strategic Management Committee links
- Where we are going
- How we get there
- Who is responsible
- How we pay for it
74Campaign 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
-
75Centers 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
76Conclusion 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
77QUESTIONS