College of Business Administration and Graduate School of Management

1
College of Business Administration andGraduate
School of Management
Strategic Priorities Presentation March 2, 2005
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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.
Richard Kolbe Marketing
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OUR PEOPLE
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 Professoriate
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Our Undergraduate Programs

• BBA in Business
• Accounting
• Business Management
• Management Major across 8 campuses
• Computer Information Systems
• Economics
• Finance
• Marketing
• Operations Management

5
Our Graduate Programs

• MBA
• Full-time MBA
• Professional MBA (part-time Kent, LCCC,
  Stark--expanded)
• Executive MBA
• MBA/MSN, MBA/MLS, MBA/MArch
• MS in Accounting
• MS in Financial Engineering (joint program)
• MA in Economics
• Ph.D. in Business Administration

6
F00 to F04 Major Enrollment Kent Campus

• Enrollment (Headcount)
• Undergraduate
• 2766 to 2742 (1 decrease)
• Graduate Majors
• 452 to 459 (2 increase)
• Total Kent Campus Business Major Enrollment
• 3218 to 3201 (1 decrease)

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Our Majors Kent Campus
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Our Majors Kent Campus
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Lorain County Community College
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F00 to F04 Major Enrollment System-wide

• Undergraduate Headcount System-wide
• 3775 to 3874 (3 increase)
• Graduate Headcount System-wide
• 471 to 468 (1 decrease)
• Total System-wide
• 4246 to 4342 (2 INCREASE)

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Our Majors System-wide
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Students Enrolled in Kent Campus COBA Courses
Source RPIE Income Generation Model
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College Enrollment as of Kent Campus
Calculated from RPIE Income Generation Model
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Income Generated by COBA Courses
Source RPIE Income Generation Model
15
Our Budgeted Faculty Lines
Source University Academic Budget Office
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Average Section Size(Combined Undergrad Grad)
Source College Data Analysis
17
Fall 1995 to Fall 2004 Percent Change in
Enrollment and Budgeted Faculty
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Accomplishments
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Academic Assessment

• Completed Goals and Objectives for all
  undergraduate majors and graduate degree
  programs implementing metrics
• Continue to utilize MFAT, Senior surveys and
  Surveys of graduates to assess success and areas
  for improvement

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Academic Assessment

• AACSB requires a Strategic Management Committee
  be formed within the College to provide input and
  recommendations on many areas..this is being
  implemented
• One critical area of interest is Academic
  Assessment and Improvement
• Aligns well with AQIP requirements

21
Enhancing Student Learning

• College received first place recognition by AACSB
  Mid-Continent East Regional Deans for Enhancing
  the Quality of Education Through a Learning
  Community in the Innovation in Business
  Education 2004 AACSB international competition
• Working with the Mathematics Department to
  develop a new approach to learning mathematics
  with business applications at the undergraduate
  level

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Enhancing Student Learning

• Supported deployment of classroom response
  systems
• Every classroom is computer/projector equipped
• Support 100 seat computer lab

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Enhancing Student Learning

• Freshman in Exploring Business compete in the
  Ohio Stock Market game to learn about equities
  portfolios
• Over 530 students worked on Internships for
  Academic credit in the last 5 years (Fall 2000
  through Spring 2005)
• 72 student internships to date in 04-05

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Enhancing Student Learning

• New undergraduate Marketing Major curriculum
  (approved for Fall 2005) emphasizes smaller
  section sizes and decision-making skills in the
  small to medium sized enterprise environment
• Seniors in the capstone Policies and Strategies
  courses placed in top categories in business
  simulationthe next best thing to real world
  experience!

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Enhancing Student Learning

• Economics Club visited the Federal Reserve Bank
  of Cleveland
• 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
• Our accounting honorary - Beta Alpha Psi
  regularly places among the top competitors in
  accounting debates and finishes among the top
  contenders in a Best Practices regional
  competition. Last year, earned Superior
  Chapter recognition.

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Enhancing Student Learning

• The American Marketing Association for the last
  13 years has been recognized for excellence in
  such areas as programming, community services,
  promotions, fundraising, membership and has
  received top chapter awards
• The Management Information Systems Association
  has developed significant alliances with area
  businesses such as First Energy, Medical Mutual,
  Progressive Insurance and Bridgestone/Firestone

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Enhancing Student Learning

• MBA students participate in the Ohio Graduate
  Schools Case competition
• Fall 2004 graduated our first group of MBA
  students from the Lorain County Community College
  Partnership

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Enhancing Student Learning

• MBA/Masters of Architecture dual degree first
  students will graduate this year
• Enrolled first students in combined BS/MBA
  program with Fashion school
• New MBA student orientation offered via DL to
  Regional Campus and LCCC students
• Continued with successful speaker series Biggar,
  Solomon, and Pilliod

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Enhancing Student Learning

• Fall 2004, implemented revised 19 month EMBA
  curriculum with a remote class every 7 weeks
• K-26 representing the 26th year of EMBA
  programming on the Kent campus
• Proposed Center for Entrepreneurship and Business
  Innovation
• Working in cooperation with School of Technology
  on Entrepreneurship/Innovation curriculum

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Enhancing Student Learning

• CEED delivered SAS training which has allowed KSU
  students to receive additional internship
  opportunities in the Banking Industry
• CEED supported the International Managerial
  Accounting Association in the delivery of
  training programs for Financial and Accounting
  professionals as well as a Personal Investing
  Seminar

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Improving Retention

• Through Curriculum
• College of Business Colleagues Learning Community
• --Expanded to include Commuter Students
• --Continued the first year experience into upper
  class
• Accounting Freshman Interest Group
• Planning a learning community with
  Entrepreneurship as the focus
• Fall 2005 Marketing Curriculum
• --Higher standards, cohort groups, smaller
  sections, increased on-time graduation

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Improving Retention

• Through Advising
• Maintain graduate and undergraduate advising
  presence at regional campuses and at LCCC
• Introduced Distance New Student Orientation
  session for Stark and LCCC MBA students
• UPO provides a 5-minute advisor to respond to
  quick questions on a daily basis
• Send letters to freshmen after midterm grades
  have been issued to encourage advising
• Calls to all second semester freshmen to schedule
  advising appointments

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Improving Retention
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Improving Retention

• Through Advising
• Use FlashLine for up-to-date communications with
  undergraduate
• Maintain a LISTSERV for MBA and PhD students,
  with advising announcements
• Through Scholarships
• Provided support to students with over 70 College
  of Business scholarships
• Created a scholarship mid-year for outstanding
  students with financial need who otherwise might
  not be able to continue

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Faculty Diversity

• Gender and Cultural Diversity in the Classroom
• 3 New Tenure-track Hires for 2004-05 AY
• Robert Jewell -- Marketing
• Rini Lacksmana Accounting
• Tuo Wang Marketing

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External Funding/Grants

• Min Qi, Economics, was one of two recipients of
  the SAS/International Institute of Forecasters
  Grant to support research on Principles of
  Forecasting
• Michael Hu, Bridgestone Chair, received a 30,000
  grant from the Korean Research Fund to study the
  Influences of Organizational Learning and Market
  Orientation on Innovation and Performance (with
  co-researchers, Yung-Chul Kwon and Kwon Eup)
• Doctoral Student, Michael Mallin, received a
  grant from the Direct Selling Educational
  Foundation in their annual dissertation award
  competition

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External Funding/Grants

• Michael Mayo, Marketing, and Rick Schroath,
  Finance, awarded a 20,000 Ohio Learning Network
  grant for 2004-05 to develop an international
  faculty learning community (US, Canada, and
  Mexico) to teach students how to work on-line in
  virtual, cross cultural teams
• Using the Entrepreneurship concept with others to
  apply for a Department of Commerce Grant for a
  University Center

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Notable Scholarly Achievements

• A Highly Productive Faculty
• 375 publications in refereed journals, books,
  book chapters in past five years
• Leaders in national organizations
• Editors/members of editorial boards for numerous
  journals
• Fellows of academic associations
• Review of Future Markets Journal

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Notable Scholarly Achievements

• A Journal of Financial and Quantitative Analysis
  article by Alan and Brigitte Ziobrowski, Ping
  Cheng, and Jim Boyd was cited in the Wall Street
  Journal, the Financial Times, the Christian
  Science Monitor, and on many financial
  markets-related television programs,
• Financial Guidance for Every American, a book by
  Kent State University Associate Professor of
  Accounting Mark Altieri, will serve as the
  cornerstone for a major, nationwide initiative to
  improve personal competency in making major
  financial decisions by the American Institute of
  Certified Public Accountants

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Notable Scholarly Achievements

• Raj Aggarwal, Firestone Chair and Michael Hu,
  Bridgestone Chair were among the 9 university
  professors selected as finalists for the 2004
  Distinguished Scholar Awards
• Raj Aggarwal was selected as a 2004 Distinguished
  Scholar winner
• Emmanuel Dechenaux, Economics, presented at the
  Entrepreneurship Working Group meeting of the
  National Bureau of Economic Research
• Mark Holder, Finance, is the editor of the Review
  of Future Markets Journal

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Recognition of Teaching

• Norman Meonske, Professor of Accounting, won the
  IMAs 2004 Distinguished Service Award for
  educators, a national award which recognizes
  distinguished academicians in the areas of
  management and accounting
• Linda Zucca, Accounting and Glenn Thomas, MIS
  were both finalists for the 2004 Kent State
  Distinguished Teaching Award

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Recognition of Teaching

• The College of Business created the outstanding
  teacher award. Students can nominate faculty in
  four categories Tenured/Tenure Track, Non-tenure
  Track, Part-time, and Teaching Fellows
• Paul Albanese, Marketing, awarded the 2004 Beta
  Gamma Sigma Teaching Award medallion
• Felix Offodile, awarded the 2004 Paul Pfeiffer
  Professional and Creative Teaching Award

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International Programming

• Revised undergraduate Minor in International
  Business to encourage greater student
  participation
• Created an international travel scholarship fund
  to assist students who want to study
  internationally

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International Programming

• EMBA will study in the Czech Republic and in
  Germany during their Spring IBE class
• International Education--have enrolled the first
  MBA student at Rennes since 1998 with 2-3
  applying for next year
• Second successful sponsorship of the
  International Financial Symposium, in Singapore

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International Programming

• Student participation in new exchange with
  UDLAPuebla, Mexico
• Offering summer credit course at Laval University
  and UDLA
• Muskie/IREX Host Institution application to serve
  as host institution for IREX graduate fellows
• Finalizing Exchange agreement with Laval
  University, Quebec City

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Strategic Budgeting

• Spring 2003 budget reallocation
• Eliminated three civil service positions for
  89,000 in salary dollars (over 117,000 with
  benefits)
• Reassigned workloads so that 7 additional
  sections (1.1 FTE equivalencies) would be taught
  with a value of over 74,000
• Chairs, AA Deans, and Advisors all teach

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OUTREACH

• College provides support for economic development
  and student learning through
• Kent Regional Business Alliance (a 501 (c) (3)
  not-for-profit organization) which houses
• Small Business Development Center (SBDC)
• Business Incubator (in Kent)
• Micro Loan Programs
• Western Reserve Business Center for Women
• Procurement Technical Assistance Center
• Ohio Partnership for Excellence
• Center for Executive Education and Development
  (CEED)

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OUTREACH

• CEED has increased number projects this year by
  50. Revenue has nearly doubled.
• ACRT, Inc. has landed the two largest Utility
  contracts in their history based upon CEEDs
  statistical analysis and modeling of sampling
  techniques for the collection of utility
  demographics

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OUTREACH

• CEED contracted with Davey Tree to do Strategic
  Planning for all the Canadian divisions and for
  all Utilities in the US
• Gibraltar Steel has just named CEED as a
  preferred vendor CEED completed a strategic
  development/consulting plan which includes
  consulting to facilitate transformational change
  and to create Human Capital systems

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Development/Fundraising

•        FY 01 1,098,630
•        FY 02 1,870,715
•        FY 03 4,546,229
•        FY 04 2,973,818
•  
• Donations through 12/31/04 530,000
• Anticipated 1/05 6/05 1,500,000
• FY 05 Projected Total 2,030,000
•  

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Development/Fundraising

• For the 2004 Calendar Year
• 2,761,000 raised
• Financial Engineering -- 1,664,291 (including
  1,066,039 of in-kind support for the Mural
  Trading Floor)
• Faculty Support (Endowed/Funded positions) --
  725,000
• Entrepreneurship -- 16,124

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Olga Mural Trading Floor
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Investing in Ourselves

• Undergraduate Student Scholarships
• 70,000
• Support for undergraduate programs
• 8,000
• Entrepreneurial Fund -- 85,960
• Student International Travel Fund -- 29,936
• Faculty/Staff Professional
  Enhancement Fund -- 363,317 (endowment)

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Ph.D in Business Administration Program
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Program Size
Source AACSB Business School Profiles, 2002-2004.
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Doctoral Program Size
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Doctoral Program Faculty

• 51 faculty members with graduate faculty status
• Highly Productive
• One-sixth of time on doctoral program instruction

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Doctoral Program Demand
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Student Quality
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Recruiting Efforts

• Active in Ph.D. Project
• to recruit African-American, Hispanic-American,
  Native American students
• Active in DocNet
• National association of program directors
• Multiple recruiting efforts annually

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Demand for GraduatesStrong and Growing

• In the past 10 years
• More than 120 graduates
• 99 percent placement rate in academic and non
  academic positions
• (87 academic, 13 non-academic)
• About 30 percent employed in Ohio
• About 13 percent employed internationally

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Demand for Business Ph.D.s
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Cost of ProgramRelatively Low

• 15,000 annual Teaching Fellow stipend (below
  national average)
• Students teach courses and assist with faculty
  research
• Low facilities requirements (computers)

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Opportunitiesfor Growth and Improvement

• Improve number and quality of students
• Resource requirements
• Increase in TF stipends -- 75,000
• 2-4 additional TF positions --40,000-80,000
• Potential New Directions Global Management,
  Financial Engineering, Entrepreneurship
• Resource requirements
• 2-4 additional TT faculty positions

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Current Strategic Priorities
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Centers of Excellence

• Global Management Center
• Approved by EPC and Faculty Senate
• Curricular Development Underway
• MSFE Program
• Increase Recruitment
• Business Partnerships
• Center for Entrepreneurship and Business
  Innovation
• Approval Process
• Curricular Development

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FINANCIAL ENGINEERING

• Pursue opportunities for partnerships with
  businesses to use the floor for theirdisaster
  recovery needs
• Pursue opportunities to use trading floor for
  continuing education training (distance learning
  domestic international)
• Planning for next International Research
  Symposium in Japan

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FINANCIAL ENGINEERING

• Finalizing details of the first edition of the
  revitalized Review of Futures Markets Journal
  under Kent State sponsorship (previously the 12th
  ranked journal in Finance)

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Center for Global Management

• INTERNATIONAL
• Feasibility study in progress for joint degree
  with CSU
• Increased collaboration with International Trade
  Assistance Center (ITAC)

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Center for Global Management

• Faculty Involvement
• Support of the Geneva Study Abroad Program
• Research appointment at International Research
  Center
• Successful grant for creation of International
  e-learning Community (web based)
• Encourage faculty exchange with international
  partners

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CEED International

• -Negotiating with schools in Moscow, UAE and
  Europe to deliver Innovative Thinking Series
  world wide using DL from Kent  
• -Expanded consultants to include faculty from
  Sheffield University, UK for local clients 
• -Worked with the College of Arts and Sciences to
  offer translation to local company on a Global
  contract
• -Negotiating with GE to translate materials in 3
  languages for their locomotive division

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ENTREPRENEURSHIPand Business Innovation

• Developed a business plan for funding and
  operation of a Center for Entrepreneurship and
  Business Innovation
• Developing new curricular opportunities in
  entrepreneurial studies
• Continued organization for students interested in
  entrepreneurship
• Will work with KRBA, SBDC, OPE, the Procurement
  Technology Assistance Center, Western Reserve
  Business Center for Women, and the Minority
  Business Center

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Student Assessment

• Developing Goals and Objectives for the BBA
  Degree Program
• Assessment of MBA students will be done utilizing
  a standardized MBA graduation examination

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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
•  

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Our Efficiencies

• The College of Business used AACSB data to
  search for accredited business schools which
• (a)   were public,
• (b)   at doctoral research extensive
  universities,
• (c)   had doctoral programs in business, and
• (d)   whose reported budget was within a
• reasonable range of ours
•  

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Our Efficiencies

• Selected Colleges
• SUNYBuffalo
• Cincinnati
• Louisiana State
• Mississippi State
• Toledo
• University of Wisconsin-Milwaukee
• Virginia Commonwealth University  

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Our Efficiencies

• The dean contacted each college and asked that
  they help by providing the data requested on the
  peer questionnaire Responses were received from
  five of the seven schools contacted Cincinnati,
  Louisiana State, Mississippi State, Toledo, and
  Virginia Commonwealth University

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Our Efficiencies
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Our Efficiencies
COBA compared to others
1990 to 2005 Change
Source Kent State Provosts Office Data
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Our Efficiencies
Conclusion Whether the comparison criteria is
internal or external, Kents College of Business
Administration and Graduate School of Management
is a very lean, efficient, and yet effective unit
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• Strategic Budget

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Most critical needs

• Support for current enrollment demand
• Support for Maintenance of Accreditation under
  new Standards (our review Fall 2007)
• Strategic Management Standards
• Participants Standards (faculty, staff, and
  students)
• Assurance of Learning (assessment)
• Separate Accounting Accreditation
  
  
• Support for the three centers of excellence
• Operating costs, staff, equipment and
  facilities

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Strategic Budget

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

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Strategic Budget

• Rebuild budgets for instruction
• ERIP reductions 4 Positions
• FIN
• MKTG
• MIS (2)
• Note
• ECON (replaced)

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Strategic Budget

• Rebuild budgets for instruction
• TT Needs 6 positions
• Enrollment Growth
• Multiple Programs
• AACSB minimum Standards
• MSFE Program Support
• 552,000 Salary
• (728,640 Total with benefits)

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Strategic Budget

• Rebuild budgets for instruction
• NTT Needs 1 position
• PT Needs 6 positions
• Enrollment Growth New Initiatives
• Multiple Programs
• 165,411 Salary

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Strategic Budget

• Rebuild budgets to Support Instruction
• Operating expenses
• Support for
• 5 Academic Departments 75,000
• 3 Offices 45,000
• Total Support 120,000

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Strategic Budget

• Enhance Graduate Student Support
• Increase GA support by 14 lines
• 220,000
• Increase GA TF stipends
• 135,000
• Increase TF support (2 lines)
• 40,000

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Strategic Budget

• Foster Centers of Excellence
• Add 3 NEW faculty in ENTREPRENUERSHIP to support
  initiative and to achieve critical mass in this
  disciplinary area
• 300,000 Salary
• (396,000 Total with benefits)

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Conclusion Goals of presentation

• We discussed our people, our academic programs,
  enrollment, faculty, and recognition
• We highlighted selected accomplishments
• We brought out our efficiencies
• We listed our friend raising and fund raising
  activities
• We emphasized our Centers of Excellence
  Entrepreneurship, Financial Engineering, and
  Global Business Studies
• We see challengesand opportunities ahead!

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DISCUSSION