college of business administration and
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College of Business Administration andCollege of Business Administration andGraduate School of ManagementGraduate School of Management
Strategic Priorities Presentation
March 16, 2004
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OUR PEOPLEOUR PEOPLEOffice of the Dean
Dr. George E. Stevens DeanDr. Larry Marks Associate DeanDr. Don Williams* Associate DeanMs. Liz Sinclair-Colando Assistant DeanMs. Lucinda Welch Outreach Program ManagerMr. Ralph Kletzien Director of Development
Department Chairpersons
Dr. Dick Brown AccountingDr. Felix Offodile* Management & Info. SystemsDr. Dick Kent EconomicsDr. Mark Holder* FinanceDr. Eileen Bridges** Marketing *New in 03-04AY **Stepping down June 2004
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OUR PEOPLEOUR PEOPLEEndowed/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 ProgramsOur Undergraduate ProgramsBBA in Business
– Accounting– Business Management
Management Major also off campus
– Computer Information Systems– Economics– Finance– Operations Management– Marketing
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Our Graduate ProgramsOur Graduate ProgramsMBA
– Full-time MBA– Professional MBA (part-time; Kent, LCCC,
Stark--expanded)– Executive MBA
MS in AccountingMS in Financial Engineering (joint program)MA in EconomicsPh.D. in Business
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F’99 to F’03 Major Growth – F’99 to F’03 Major Growth – Kent CampusKent 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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F’99 to F’03 Major Growth – F’99 to F’03 Major Growth – System-wideSystem-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 CampusOur Majors – Kent Campus
0
500
1000
1500
2000
2500
3000
3500
4000
F'99 F'00 F'01 F'02 F'03
Graduate
Undergrad
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Our Majors – System-wideOur Majors – System-wide
0
5001000
1500
20002500
3000
3500
40004500
5000
Fall 2000 Fall 2001 Fall 2002 Fall 2003
Grad
Undergrad
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F’99 to F’03 Enrollment F’99 to F’03 Enrollment Growth – Kent CampusGrowth – Kent Campus
Total Headcount Enrolled–10328 to 10801 or a 4.6%
increaseRPIE data
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Our Kent Campus EnrollmentsOur Kent Campus Enrollments
10000
10100
10200
10300
10400
10500
10600
10700
10800
10900
Fall 1999 Fall 2000 Fall 2001 Fall 2002 Fall 2003
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Our Full-time FacultyOur Full-time Faculty
0
10
20
30
40
50
60
70
1999 2000 2001 2002 2003
Professor
Associate
Assistant
Instructor
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Retirements in 2002-03Retirements 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 SizeAverage Section Size(Combined Undergrad & Grad)(Combined Undergrad & Grad)
51.252.9
50.148.8
50.5
40
42
44
46
48
50
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1999 2000 2001 2002 2003
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Average Section Size of Core Average Section Size of Core Undergraduate CoursesUndergraduate Courses
Dean’s 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 studentsCapstone course – Average exceeds 50 case
course with significant writing assignments
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Examples of OutreachExamples 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 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 University’s College of Business
Administration is listed among America’s 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 National Recognition
Rated by Global Derivatives an on-line journal
Based on 683 surveys recorded, KSU’s program was rated 13th in the country (ahead of University of Illinois—Urbana; Boston University; University of Southern California; and Florida State University)
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A Few Successful Business AlumniA 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 AccomplishmentsSignificant 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 AccomplishmentsSignificant 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 AccomplishmentsSignificant Accomplishments
FOCUS ON THOSE WE SERVE Advisory boards for Accounting, Computer
Information Systems, Financial Engineering, Student Advisory board, and Dean’s 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 AccomplishmentsSignificant 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 AccomplishmentsSignificant 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 AccomplishmentsSignificant 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 AccomplishmentsSignificant 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 AccomplishmentsSignificant AccomplishmentsREAL-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 AccomplishmentsSignificant AccomplishmentsREAL-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 AccomplishmentsSignificant 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 AccomplishmentsSignificant 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 AccomplishmentsSignificant 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 700:1 ratio of students to advisors
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Development EffortsDevelopment Efforts
Development (Fund Raising) Results: FY’01 $1,098,630 FY’02 $1,870,715 FY’03 $4,546,229 FY’04 Booked through 12/31/03 $ 851,000 Anticipated 1/04 – 6/04 $1,649,000 Total Goal FY’04 $ 2,500,000
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Strategic PrioritiesStrategic Priorities
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Centers of ExcellenceCenters of Excellence
INTERNATIONAL
FINANCIAL ENGINEERING
ENTREPRENEURSHIP
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Centers of ExcellenceCenters 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 ExcellenceCenters 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 ExcellenceCenters 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 ExcellenceCenters of Excellence
FINANCIAL ENGINEERING– Pursue opportunities for partnerships with
businesses to use the floor for their“disaster 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 ExcellenceCenters 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 ExcellenceCenters 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 BusinessDean
Business AdvisoryCouncil
Center for Entrepreneurship R&D•Angel/Venture Capital fund•Entrepreneurial Scholars— Faculty/Students•Applied Business Research Center•Continuing education offerings•Faculty Research
(Separate 501-C3)Kent Regional Business Alliance• Small Business Development Ctr.• Business Incubator• Loan Program• Business Center for Women+”outside” affiliates (OAE, PTAC, CEED, Minority Business Center
Outcomes1. Student Learning2. Business Enhancements3. Faculty research4. Intellectual property development5. “Laboratory” environment
Benefits1. Economic development2. Employment Opportunities3. Job Creation
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New Academic InitiativesNew Academic Initiatives
Marketing Major revisedEMBA program revisedFinance Major revisionNew cooperative efforts with CEED to offer
special courses and seminars for KSU undergraduate students
Accounting accreditation application
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PartnershipsPartnerships
International – Canada, Mexico, France, Asia
Local – Cleveland State UniversityAcross KSU system – Stark campusDevelopment – Individual and corporate
donors
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External Partnership SupportExternal Partnership Support
SBDC – Linda Yost, DirectorKRBA – Jack Crews, CEOWestern 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 LearningTechnology and Learning
Classroom EnhancementsDistance Learning via V-telFinancial Trading Room FloorWeb center support
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Development EffortsDevelopment EffortsProgram Priorities of Development Efforts:
Financial EngineeringEntrepreneurshipGlobal Business
Category Priorities of Development Efforts:Program SupportProfessoratesFaculty Support Scholarships
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Strategic BudgetStrategic Budget
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Most critical needsMost critical needs
Support for current enrollment demandSupport 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 Conclusion: Goals of presentationpresentation
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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DISCUSSIONDISCUSSION