College of Business Administration and Graduate School of Management

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College of Business Administration andGraduate
School of Management
Strategic Priorities Presentation March 16, 2004
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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.
Eileen Bridges Marketing New in 03-04AY
Stepping down June 2004
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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
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Our Undergraduate Programs

• BBA in Business
• Accounting
• Business Management
• Management Major also off campus
• Computer Information Systems
• Economics
• Finance
• Operations Management
• Marketing

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Our Graduate Programs

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

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F99 to F03 Major Growth Kent Campus

• Undergraduate Majors
• 2604 to 2821 or an 8.3 increase
• Graduate Majors 492 to 478 or a 2.8 decline
• Total Kent Campus Majors
• 3096 to 3299 or a 6.6 increase

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F99 to F03 Major Growth System-wide

• Undergraduate Headcount System-wide
• 3466 to 3958 or an increase of 14.2
• Graduate Headcount System-wide
• 504 to 481 or a 4.6 decline
• Total System-wide
• 3970 to 4439 or an 11.8 INCREASE

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Our Majors Kent Campus
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Our Majors System-wide
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F99 to F03 Enrollment Growth Kent Campus

• Total Headcount Enrolled
• 10328 to 10801 or a 4.6 increase
• RPIE data

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Our Kent Campus Enrollments
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Our Full-time Faculty
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Retirements in 2002-03

• Lost 3 FT-TT faculty to ERIP
• 1 FT-TT replacement
• 2 Temporary NTT replacements
• Lost 1 FT-TT to regular retirement
• 1 FT-TT replacement

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Average Section Size(Combined Undergrad Grad)
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Average Section Size of Core Undergraduate Courses

• Deans Student Advisory Board Mega sections OK
  in first two years
• 100 or more students NOT OK in junior and senior
  year
• Core courses Average is 115 students
• Capstone course Average exceeds 50 case course
  with significant writing assignments

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Examples of Outreach

• CEED has served 675 organizations in ten states
  since 1997
• Of that group, 63 companies with multiple
  locations, HQ locations, and manufacturing
• Kent Regional Business Alliance currently has
  1,060 active clients
• Loans made totaled 1,096,400
• Small businesses working with KRBA had 1,484,331
  in gross domestic sales
• 29.5 jobs created by these businesses

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National Recognition

• AACSB Accreditation
• Fewer than 15 of the business schools worldwide
  have this accreditation
• U.S. News World Report (3nd consecutive year)
• Kent State Universitys College of Business
  Administration is listed among Americas 157 best
  (out of over 1,200 business programs) business
  programs in the country!
• KSU only public business school listed from
  northeast Ohio.

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National Recognition

• Rated by Global Derivatives an on-line journal
• Based on 683 surveys recorded, KSUs program was
  rated 13th in the country (ahead of University of
  IllinoisUrbana Boston University University of
  Southern California and Florida State
  University)

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A Few Successful Business Alumni

• Michael Capellas, Chairman CEO, MCI (Pilliod
  Lecture Speaker).
• Joseph Grunenwald, President, Clarion University
• Pat Mullin, Managing Partner, Deloitte Touche
  (KSU Board of Trustee member)

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Significant Accomplishments

• INNOVATIVE LEARNING
• M.S. in Financial Engineering interdisciplinary
  program (Fin, Math, Econ Bus.) Trading Floor
• Utilized House Bill funding to provide full
  multi-media capabilities in all BSA classrooms
• Successfully sponsored the International
  Financial Symposium in Hong Kong
• Expanded use of distance learning facilities to
  offer MBA to students at Lorain County Community
  College campus

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Significant Accomplishments

• INNOVATIVE LEARNING
• Supported use of e-instruction for real time
  student digital response
• Faculty and Administrators attending AACSB
  seminars
• Created a new faculty and staff development fund
• Created a new scholarship fund for student
  international study

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Significant Accomplishments

• FOCUS ON THOSE WE SERVE
• Advisory boards for Accounting, Computer
  Information Systems, Financial Engineering,
  Student Advisory board, and Deans Business
  Advisory Council
• Senior satisfaction survey, undergraduate alumni
  satisfaction survey (1 year and 5 year).
• AACSB process implementation (annual reports,
  attendance at meetings, reaffirmation of
  accreditation)

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Significant Accomplishments

• FOCUS ON THOSE WE SERVE
• Created and maintained relationships with
  businesses
• Surveyed prospective students about potential
  changes in EMBA program
• Supported CEED in the creation of customized
  programs for medium and large size organizations

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Significant Accomplishments

• FOCUS ON THOSE WE SERVE
• Communication of Higher Learning Council and
  Association to Advance Collegiate Schools of
  Business developments to constituent groups

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Significant Accomplishments

• REAL-WORLD EXPERIENCES
• Appointed the first John Fiedler-BorgWarner
  Endowed Chair in Global Business Studies
• More than 300 students engaged in internship
  opportunities since 2001
• All College of Business undergraduate students
  have a capstone course in Business Policies and
  in their major

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Significant Accomplishments

• REAL-WORLD EXPERIENCES
• MBA students have the opportunity for an
  International Business Experience
• EMBA students are required to have an
  International Business Experience
• Growing MBA Mentorship program
• MBA students participate in Ohio Case Competition

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Significant Accomplishments

• REAL-WORLD EXPERIENCES
• 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 with other universities and
  finishes among the top contenders in a Best
  Practices regional competition sponsored by BAP.
  Earned Superior Chapter recognition.

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Significant Accomplishments

• REAL-WORLD EXPERIENCES
• 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.
• The Management Information Systems Association
  has developed significant alliances with area
  business such as First Energy, Medical Mutual,
  Progressive Insurance and Bridgestone/Firestone.

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Significant Accomplishments

• RELATIONSHIPS THAT FOSTER SUCCESS
• College of Business Colleagues (CBC) Program
  for retention of freshmen EXTENDED to commuter
  students
• Creation of NEW Interest Group for Accounting
  Freshmen
• BBA in Management on Regional Campuses and Lorain
• Joint MBA Programs with Architecture, Fashion
  Design Merchandising, Library Science, Nursing

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Significant Accomplishments

• RELATIONSHIPS THAT FOSTER SUCCESS
• Will EXPAND Professional MBA to Stark to enable
  completion of the degree there beginning Fall
  2004

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Significant Accomplishments

• RELATIONSHIPS THAT FOSTER SUCCESS
• 100 satisfaction with the Peer Advising Program
  initiative for freshmen students (will be dropped
  due to lack of funding)
• High satisfaction with UPO advising despite a
  7001 ratio of students to advisors

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Development Efforts

• Development (Fund Raising) Results
• FY01 1,098,630
• FY02 1,870,715
• FY03 4,546,229
• FY04
• Booked through 12/31/03 851,000
• Anticipated 1/04 6/04 1,649,000
• Total Goal FY04 2,500,000
•  

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• Strategic Priorities

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Centers of Excellence

• INTERNATIONAL
• FINANCIAL ENGINEERING
• ENTREPRENEURSHIP

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Centers of Excellence

• INTERNATIONAL
• Developing NEW NAFTA relationships with Laval
  University (Quebec) and Universidad de las
  Américas, Puebla, Mexico
• Developing NEW undergraduate study abroad
  relationships with Grenoble School of Management,
  France.
• Developing NEW partnership with Cleveland State
  University on International Programs
• Planning NEW International Case Competition

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Centers of Excellence

• INTERNATIONAL
• Faculty Involvement
• Support of the Geneva Study Abroad Program
• Research appointment at International Research
  Center
• Grant proposal for creation of International
  e-learning Community (web based)

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Centers of Excellence

• INTERNATIONAL
• CEED Involvement
• Creation of Global Intelligence Series
• Going Global UK
• Going Global China
• Going Global NAFTA

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Centers of Excellence

• 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 Singapore

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Centers of Excellence

• FINANCIAL ENGINEERING
• Exploration of bringing the Review of Futures
  Markets journal to Kent State (12th ranked
  journal in Finance)

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Centers of Excellence

• ENTREPRENEURSHIP
• Will develop a business plan for funding and
  operation of a Center for Entrepreneurship
• Explore curricular opportunities in
  entrepreneurial studies
• Developed a NEW student organization for students
  interested in entrepreneurship

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College of Business Dean
Business Advisory Council
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New Academic Initiatives

• Marketing Major revised
• EMBA program revised
• Finance Major revision
• New cooperative efforts with CEED to offer
  special courses and seminars for KSU
  undergraduate students
• Accounting accreditation application

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Partnerships

• International Canada, Mexico, France, Asia
• Local Cleveland State University
• Across KSU system Stark campus
• Development Individual and corporate donors

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External Partnership Support

• SBDC Linda Yost, Director
• KRBA Jack Crews, CEO
• Western Reserve Business Center for Women
• Mary Ann Jasionowski, Business Analyst
• Procurement Technical Assistance Center Keith
  Tarbett
• OAE Casey Mackert, Executive Director

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Technology and Learning

• Classroom Enhancements
• Distance Learning via V-tel
• Financial Trading Room Floor
• Web center support

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Development Efforts

• Program Priorities of Development Efforts
• Financial Engineering
• Entrepreneurship
• Global Business
•  Category Priorities of Development Efforts
• Program Support
• Professorates
• Faculty Support
• Scholarships

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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 (April 2003)
• 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
• Upcoming ERIP losses
• 2 certain, 1 possible
• Need temporary NTT replacements pending return of
  TT lines
• 165,019 Salary
• ( 217,824 Total with benefits)

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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
• PT Needs 6 positions
• Enrollment Growth New Initiatives
• Multiple Programs
• 105,411 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 120,00

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Strategic Budget

• Enhance Graduate Student Support
• Increase GA support by14 lines
• 214,480
• Increase GA TF stipends
• 131,500
• Increase TF support (2 lines)
• 42,640

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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 listed our friend raising and fund raising
  activities.
• We identified our new Centers of Excellence
  Entrepreneurship, Financial Engineering, and
  Global Business Studies.
• We recognize the challenges the college faces.

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DISCUSSION