Our Misson

School of Business 124100Lumpkin College of Business & Applied Sciences600 Lincoln Ave.Charleston, IL 61920-3099

To strengthen a culture focused on student learning, critical thinking and personal discovery;

To provide collaborative learning experiences that connect students with faculty, business, alumni and community partners; and

To pursue business research and service activities for faculty that enhance professional development and student learning.

Our VisionWhere students are inspired and engaged to become successful business professionals.

popular event. Students are able to practice their skills at eating a meal while also building positive business relationships. This is a fun and important event for everyone! Thank you to Mr. Stan Hollen for his generous support of this event and other student professional development activities.

This year, the Management faculty and students hosted the Illinois State HR Games in which six Illinois universities participated. The EIU Student Chapter of the Association of Information Technology Professionals (AITP) co-hosted the annual AITP National Collegiate Conference in St. Louis, Missouri.

The School of Business sponsors the Executive-in-Residence Program, Entrepreneurship Week, and Ethics Awareness Week. New this year, as part of our Ethics Awareness Week, we recognized the newly created Bertrand P. Holley Business Ethics and Social Responsibility Booth Library Collection. The collection includes 27 books and 6 DVDs. The School of Business thanks the Holley family for their generous support of our ethics program.

Our students are given the opportunity to network with alumni and other prospective employers through Accounting Day, MIS Career Connection Day, HR Day, Financial Planning Day, and both the Accounting and Business Advisory Board meetings. Students also have an opportunity to development their skills by attending conferences, including the International Business

Conference, American Marketing Association annual meeting, Beta Alpha Psi annual meeting, and the R.I.S.E. (Redefining Investment Strategy Education) Investment Forum.

This year, three MBA students completed the research option of the program, which requires an individual research project and formal presentation to the faculty. Additionally, nine graduate student papers were presented at conferences and published in the conference proceedings or in academic journals.

As we draw to the close of another very active and rewarding year for the School of Business, it is easy to see that our students have benefited from the integrative learning experiences they are provided to better prepared them for their futures. We look forward to much continued success in the year to come.

The Lumpkin School of Business Security Analysis Center

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Join me again this year in focusing on excellence in education from the School of Business. In particular, you may be interested in our ‘face lifts’ and the spotlights on our faculty, alumni, and student learning.

Several changes to our building were implemented this year. To encourage all students and faculty to live by the vision of the School of Business and to know what we are accomplishing to support the vision and mission,

wood plaques were created displaying our vision statement and placed at either end of the entrance

to Lumpkin Hall. Also, TV monitors with news and announcements and touch-screen building directories were installed at both entrances. To encourage more student interaction and to provide an inviting environment for students to work, the Lumpkin Hall Business Student Lounge was renovated. A flat screen video wall displaying current news feeds, current stock prices, and the performance of our two student-managed funds was installed in the Securities Analysis Center. We are grateful to our donors for their generous gifts in support of these initiatives. I invite you to return to Lumpkin Hall so that you can see the positive changes in our building.

Excellence in the School of Business was recognized by the University in a variety of ways throughout the year. Alumni success and student learning were the focus of the EIU 360 degree web pages, and the School of Business was profiled three times this year: Business Alum, Mr. Evan Kubicek, talking about his unique career path (Not Just Business as Usual); Dr. Kesha Coker and her students at Lincoln Log Cabin talking about their integrative learning project (Gift Shop Revitalization); and Mr. Jesse Green in the Securities Analysis Center

talking about the student managed portfolio (Paying Dividends). Take a look at our stories: http://www.eiu.edu/eiu360/section.php?id=campus

The School of Business was a focal point in the EIU Center for Academic Technology Support (CATS) Tech Update newsletter, highlighting our laptop carts, touch screen building directory, student lounge, TV monitor system, collaborative instructional lab, and Securities Analysis Center. In addition, four business faculty were highlighted in the publication for the integration of technology into their teaching. Take a look at the fall 2012 CATS Tech Update: www.eiu.edu/~cats/home/admin_techupdate.php

The College to Career program was awarded the 2012 Provost’s Award for Integrative Learning. This professional development program encourages students to consciously enhance their professional competencies as they progress through each year of college. The School of Business thanks COUNTRY Financial for its generous support of the College to Career Program. The program was highlighted in the spring 2013 EIU Alumni newsletter.

The faculty continue to take students on short-term study abroad trips, including summer trips to Maastricht, the Netherlands, with a new connection to Croatia, a summer trip to China, and a spring break trip to Panama. In addition, ten business majors participated in extended study abroad programs in Argentina, Cyprus, Ecuador, Italy, United Kingdom, and Guatemala.

In the School of Business, we consider integrative learning to be one of our continued strengths. Our students are provided with appropriate subject content within each course, and they are also presented with a wide range of extra-curricular and professional development opportunities that encourage them to assimilate their learning experiences within the classroom with those outside the classroom. These opportunities include attending professional conferences, participating in academic competitions, participating in study abroad trips, completing internships, and a variety of other activities. We are grateful to our donors for their generous support of these opportunities, including the Accounting Advisory Board and the Business Advisory Board.

The School of Business and Delta Sigma Pi paired up to host our annual Etiquette Dinner. All business students and faculty are invited, and it is a very

The Lumpkin Letter

In This Edition:Where Are You Now? Page 2

Interested in Giving Back? Page 2

Student Organizations Page 2

College to Career Page 3

Distinguished Alumnus Page 3

New Faculty Page 4

Student Excellence Page 4

Faculty/Student Research Page 5

Young Professionals Page 5

Homecoming Breakfast 2012 Page 6

Integrated Learning Page 6

Mission and Vision Page 6

Eastern Illinois UniversityLumpkin College of Business & Applied SciencesSchool of Business217-581-2627www.eiu.edu/businesse-mail: business@eiu.edu

Dr. Cheryl L. NollChair, School of Business

Fall 2013

A Focus on Excellence in the School of Business . . .From Dr. Cheryl Noll, Chair

continued on back page ...

New displays in Lumpkin Hall

Recognition & Honors

Where AreYou Now?

Interested in Giving back?

Business Alumni Recognition at the University

A School of Business alum was recognized by the EIU Alumni Association for his accomplishments and support of Eastern. Mr. Carl Mito (‘72) was honored with the 2012 Louis V. Hencken Alumni Service Award in recognition of his

long-term and continuous service to the School of Business and the university. Mr. Mito currently serves as the managing director of investments at Oppenheimer & Co. Inc. in Chicago. He has served several terms on the School of Business Advisory Board and with the EIU Foundation. He and his late wife established the Carl and Marion Mito Excellence in Finance Endowment Fund. He served as a member of EIU’s Capital Campaign External Steering Committee. Mr. Mito also delivered the commencement address to EIU’s graduates in December 2011.

Another business alum, Mr. Donald Gher (’73), received an Honorary Doctor of Public Service Degree from Eastern Illinois University in recognition of his dedication, his generosity and his service to others. Mr. Gher retired in 2007

as managing director/chief investment officer of Coldstream Capital Management, which he co-founded in 1996. He was awarded the Chartered Financial Analyst designation in 1981 and, in 2006, was one of only 20 CFAs worldwide to be awarded the first 20-Year Certificate of Continuing Education. Having developed as an expert in his field, he now spends much time in Eastern’s School of Business, guiding students interested in an investment career and serving as a frequent guest speaker for EIU’s security analysis class.

Faculty Recognized on National and International Levels

At the AACSB International Conference and Annual Meeting, the School of Business was again recognized with a premier Beta Gamma Sigma chapter award. In addition, our chapter adviser, Mr. Mike Wilson, was recognized as the Outstanding Beta Gamma Sigma Chapter Adviser. He was selected by a committee representing all Beta Gamma Sigma chapters.

Dr. Marko Grünhagen, Lumpkin Distinguished Professor of Entrepreneurship in the School of Business, received the 2013 Associate Editor of the Year Award from the Journal of Small Business Management.

Dr. Michael Dobbs, assistant professor of management, was honored with the Best Paper Award at the 23rd Annual Conference of the American Society for Competitiveness in Washington, D.C. for his paper titled, “Porter’s Five Forces in Practice: Templates for Firm and Case Analysis.”

Dr. David Fleming, assistant professor of marketing, and his co-author from the University of South Florida, received the best paper award in the Marketing Education Track at the 2013 Marketing Management Association Conference for their paper titled, “Trends in Academic Research: A 15 Year Analysis of Published Research in Marketing Journals.” 

We are always interested in learning about the success of our alumni. To share your latest accomplishments, please visit:

www.eiu.edu/business/alumni.php

to complete the Alumni Profile Form online, or print it out and mail it to:

School of Business Eastern Illinois University 600 Lincoln Ave Charleston, IL 61920

You can also always e-mail us at business@eiu.edu to let us know how you’re doing.

We appreciate your responses and are excited to hear from you!

For information on how to make a gift to the School of Business, please contact:

Christina Donsbach, Director of Development by phone at 217-581-5190 or by email at cddonsbach@eiu.edu. Contact us today to help create an opportunity for our students that can change their lives!

To learn more about how our donors’ gifts benefit our students, visit

www.eiu.edu/business/spotlight_activities.php.

Carl Mito

Don Gher

Dr. Marko Grünhagen

Mike Wilson poses next to a poster recognizing him as the 2013 Outstanding Beta Gamma Sigma Advisor.

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Global Entrepreneurship Week

The School of Business was proud to sponsor events in celebration of Global Entrepreneurship Week. On November 12, Ms. Stacey Edgar, Founder of Global Girlfriend and author of the book Global Girlfriends, met with

small groups and gave a keynote presentation about how she started her company as a way to provide economic security for women in need by creating a sustainable market for their products. On November 13, a panel presentation was held, entitled, “Entrepreneurship in Rural America: Perspectives and Resources for Success.” The panel was moderated by Dr. Marko Grünhagen, Lumpkin Distinguished Professor of Entrepreneurship; the panelists were: Mrs. Cindy White, Executive, Charleston Area Chamber of Commerce; Mr. Ted Ostrem, Chair, Southeastern Illinois SCORE Chapter; Ms. Courtney Owen, EIU Entrepreneurship Minor & SCORE Shadow; Mr. Jeff Brooke, PROFORMA Franchisee, Peoria, IL.

Bertrand P. Holley Ethics Awareness Week

As part of the Bertrand P. Holley Ethics Awareness Week, the School of Business welcomed Dr. Bruce Weinstein, author of “Ethical Intelligence,” and “Is it Still Cheating if I Don’t Get Caught?” as the principal speaker. Dr. Weinstein

gave two open presentations. Also, as part of our Ethics Awareness Week, the School of Business Chair, Dr. Cheryl Noll, and Dr. James Sysko hosted a reception on March 6 in recognition of the newly created Bertrand P. Holley Business Ethics and Social Responsibility Booth Library Collection.

The collection includes 27 books and 6 DVDs. The School of Business thanks the Holley family for

their generous support.

Beta Gamma Sigma Chapter Induction

Mr. Habeeb Habeeb (MBA ’99) was honored as the Beta Gamma Sigma Chapter Honoree at the 2013 member induction ceremony. Mr. Habeeb is the president and CEO for Benefit

Planning Consultants (BPC, Inc.), an Employee Benefits Administration firm based in Champaign, Illinois, and is the founder of H-Squared, an initiative focused on the idea of taking the good in life to a higher power. Mr. Habeeb is passionate about helping people and organizations thrive through the power of kindness and positivity. He frequently speaks on these topics and is known for his popular “Motivational Minute” series.

Fifth Annual School of Business Graduation Reception

A Huge Success!! As part of the recognition of the accomplishments of our graduates, the School of Business held its fifth annual graduation reception just prior to the commencement ceremony. Graduates and their families had the opportunity to meet the faculty and tour our classrooms and lab facilities. Over 400 graduates and their guests attended the reception. Also in recognition of their accomplishments, graduates are given a t-shirt that recognizes them as a School of Business alum, with signatures of the business faculty on the back of the shirt. This is the fourth year that the School has been able to provide a t-shirt for each of its graduates to wear as testimony of their achievements, and students continually express their appreciation of receiving the shirts. Our alumni are proud to announce themselves as graduates of EIU’s School of Business.

Recognition & HonorsDr. Michelle Hanlon: School of Business Distinguished AlumnusThe School of Business 2012 Distinguished Alumnus was Dr. Michelle Hanlon.

Dr. Hanlon is a Professor of Accounting at the Sloan School of Management at the Massachusetts Institute of Technology.

Before joining the MIT faculty, Dr. Hanlon taught accounting at the University of Michigan and the University of Washington. Prior to entering academia, she worked as a tax manager for KPMG LLP in St. Louis, Missouri, and Phoenix, Arizona.

Dr. Hanlon graduated in 1993 from Eastern Illinois University, Summa Cum Laude, with a Bachelor’s degree in business administration, majoring in accounting. Since then, she has earned a Master’s in Accounting, with a specialization in taxation, from the University of Missouri-St. Louis, and a Ph.D. in accounting from the University of Washington.

Mr. Chuck Grawey: Executive-in- Residence

The School of Business Executive-in-Residence Program brings executives and entrepreneurs together with students. In the fall semester, Mr. Chuck Grawey, (Retired) President and CEO of Vercipia Biofuels, served as an EIR. Mr. Gawey’s keynote presentation was titled, “Beginning Your Business Career: Success Starts Here!” While on campus, he also met with students and faculty in smaller settings and gave several classroom presentations.

Dr. Michelle Hanlon

Stacey Edgar

Dr. Bruce Weinstein

Habeeb Habeeb

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Kimberly Fatten, CPA Assistant Professor of Accounting

Ms. Fatten will receive her Ph.D. from Indiana University in the Higher Education Administration/Student Affairs program, with a minor in accounting. She earned an MBA from Indiana University’s Kelley School of Business at IUPUI, and a Bachelor of Science in Accounting from Indiana State University. Ms. Fatten comes to us from Virginia Commonwealth University, where she was the Coordinator and Faculty-in-Residence for the Accounting Program.

Dr. Waresul Karim, CA Assistant Professor of Accounting

Dr. Karim comes to us with many years of teaching and research experience, having taught at Saint Mary’s College of California, Brunel University, UK, and Victoria University of Wellington, New Zealand. He received his Ph.D. from the University of Leeds, UK, with an emphasis on Corporate Financial Reporting. He is a Chartered Accountant and a member of the New Zealand Institute of Chartered Accountants.

Dr. Omer Topaloglu Assistant Professor of Marketing

Dr. Topaloglu earned his Ph.D. in Marketing from the Rawls College of Business at Texas Tech University. He earned an MBA in Marketing and International Business from Montclair State University and a Bachelor of Arts in Economics from Bogazici University in Istanbul, Turkey. His research focuses on marketing strategy, specifically, branding strategy and social media marketing.

Each year, the School of Business selects the winner of its top student award: the Dean Giffin Award. This award was established by the first Dean of the College of Business, Dr. James Giffin, and his wife, June, who saw the importance of recognizing excellence.

The Dean Giffin Award candidates are those students who are chosen as the outstanding students from each discipline which gives an “Excellence” award to one senior in each major. Below are the listing of the 2012-2013 recipients:

Kristen Laird, Marketing Excellence Award Jennifer Clinton, Accountancy Excellence Award Patrice Gurley, Management Information Systems Excellence Award Joseph Ciliak, Finance Excellence Award Allison Donsbach, Management Excellence Award

The award winner is selected on the basis of grade point average, service to the School of Business and University, and potential for distinguished service and leadership by reason of scholarship, occupational experience, character, sense of purpose, growth and service to the University. This year’s recipient of the Dean Giffin Award was Mr. Joseph Ciliak, a finance major.

In addition to undergraduate students, we also recognize the MBA students who set the standard for excellence. This year, Mr. Matthew Merkle was recognized as the MBA Program’s Outstanding Scholar for the on-campus program; and Mr. Kevin Miller received the MBA Outstanding Scholar for the off-campus program.

Our sincere congratulations go out to all of these students and the numerous other students who are recognized each year at the School of Business Student Awards Ceremony. A huge “thank you” goes to the donors who make these awards and scholarships possible. More than $85,000 in scholarship money was awarded this year. You truly make a difference in the lives of our students!

New Faculty

Student Excellence

young Professionals

Brandy Ahne, Tax Accounting Coordinator, Enterprise Fleet Management, Accounting, May 2010

Courtney Anderson, Accountant, Caterpillar, Inc., Accounting, May 2011

Nathan Farber, Pricing Manager II, J. B. Hunt Transport, Management, May 2011

Mark Lello, Quality Analyst, Applied Systems, Inc., Management Information Systems, May 2012

Ayla Olvera, Territory Manager, Valspar, Management, December 2010

Maria Sorrentino, Financial Analyst, Cardinal Health, Finance, May 2012

The Young Professionals event, held each spring, brings young alumni back to campus to connect with current students and gives students the opportunity to ask questions of the alumni, in order to find out what the professional world is really like. The panel presentation is targeted toward current students to send a positive message about the importance of professional and personal development. The School also hosts a dinner for the young alums who have invited faculty who made a special impression on them while at Eastern.

This year these young alumni returned:

Front row: Brandy Ahne, Mark Lello and Courtney AndersonBack Row: Ayla Olvera, Maria Sorrentino and Nathan Farber

Kristen LairdJennifer ClintonPatrice GurleyJoseph Ciliak

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Each year the School of Business recognizes its own faculty for excellence in teaching, research, and service.

At the School of Business Faculty Awards Lunch, faculty were recognized for excellence in teaching, research, and service:

Dr. Kesha Coker and Dr. David Fleming, Outstanding Teaching Awards Dr. Chao Wen, Outstanding Research Award Dr. Richard Flight, Outstanding Service Award Dr. Michael Dobbs, Balanced Contribution Award Dr. Richard Whitaker, Holley Ethics Award in Research Dr. James Sysko, Holley Ethics Award in Curriculum Ms. Darlene Greathouse-Riedemann, Annually Contracted Faculty Outstanding Contribution Award

Dr. Coker and Dr. Fleming have shared with us the teaching strategies they use to engage the students and enhance learning.

Dr. Kesha Coker, Assistant Professor in Marketing

My teaching style is a reflection of the School of Business vision: “where students are inspired and engaged to become successful business professionals.” To inspire and engage students, I focus on student engagement strategies in all classes that I teach – Principles of Marketing, Promotion Management, and Retail Management.

To facilitate student engagement, I foster a healthy learning environment conducive to open discussion and intellectual inquiry. The process starts on day one. On the first day of class, I encourage students to ask questions and participate in classroom discussion. The

first day of class also serves as an ice-breaker session in which students introduce themselves and share their reasons for taking the course. To positively frame reasons for taking the course, I ask students to reframe the “because it’s required” response to a “because I want to learn” response. On the first day of class, I also emphasize the need for rules – yes, rules. To create a healthy learning environment, students must be aware of expectations regarding punctuality, electronic device usage, and other professional behaviors. I have found that a great way to communicate such expectations is to frame the message in the form of a story – stories based on past class experiences seem to work the best! In many ways, the first day of class serves as orientation to a classroom culture centered on a healthy learning environment.

As the semester progresses, I implement other student engagement strategies. Technology greatly enables the student engagement process, transforming the class session from that of a traditional lecture session to an interactive learning session. In addition to using PowerPoint slides to display notes and visual aids, I play videos from YouTube, company websites, and other relevant sources such as The Wall Street Journal and ABC News. By using relevant visuals and audiovisuals, I am better able to explain complex concepts. For example, in Principles of Marketing, to demonstrate the concept of operant conditioning, I play a clip from The Big Bang Theory in which Sheldon is rewarding Penny with chocolates for good behavior. After explaining the concept and showing the clip, I engage the class in discussion of the concept and ask students to think of examples from their personal experiences as consumers or from their professional experiences on the job. Student feedback on this approach has been very positive, with many students noting that it’s a fun way to learn that keeps them coming to class.

Another useful strategy in enabling student engagement entails incorporating integrative learning experiences in and out of the classroom. In the classroom, I

encourage group and individual group work in which students apply concepts learned

to real world marketing practice. For example, on the topic of Product Concepts in

Principles of Marketing, students are asked to form groups and classify products

into different categories using definitions learned in class. In Promotion Management,

students are shown different types of promotions and asked to critically evaluate

them. On the topic of Retail Institutions in Retail Management, students are asked

to identify and evaluate independent retailers in Charleston and/or their home town.

Outside of class, students complete group projects designed to develop critical

thinking and analysis skills. Out-of-class integrative learning assignments entail

group projects in Promotion Management and Retail Management. For example, in

Promotion Management, a student group critically analyzed the EIU Asian Studies

Minor website and made actionable recommendations to enhance the website. In

Retail Management, students critically analyzed the retail strategy of the Lincoln Log

Cabin Gift Shop and made actionable recommendations to enhance the Gift Shop’s

retail operations.

In addition to these strategies, I believe that taking an active interest in students’

academic progress is essential for student success. I emphasize to students the need

to attend class since a significant amount of learning occurs inside the classroom. I

also welcome students to see me during office hours to clarify concepts or discuss

performance in class. I have provided many students with customized study tips that

are instrumental in enhancing their class performance. Taking an active interest in

students’ academic progress also means sharing tips on preparing for the world of

work. As the School of Business mission states, we’re just not teaching students but

helping them turn into successful business professionals.

Dr. David Fleming, Assistant Professor in Marketing

The focus of my teaching style is on a combination of

engaging application, current employer demands and

cutting edge research. In all of my classes students are

required not only to learn the material, but they must

be able to use it. Examples include creating marketing

plans for real client companies in MAR 3550 and giving

live product demonstrations and sales presentations

in MAR 4470. This type of experience does more to

drive home the importance of the materials covered in

class than any amount of lecture ever could. In addition

my classes are constantly being updated to include

more effective and interactive methods for each topic

area including adding fun elements like games and role play scenarios that reinforce

the topics. The second aspect comes from connecting with prospective employers

and my own contacts about what is really needed by entry-level employees at their

firms. This enables me to structure the classes in such a way that students develop

the skills needed to be more desirable job candidates and to be successful once hired.

One example is that I have created two entire lessons on effective communication

based on feedback from prospective employers for our students who cited that area

as the key shortcoming of most of their applicants. The final area is an attempt to

create a connection between the classroom and the research I conduct so that I can

share new and cutting edge information with students that may give them a leg up on

the competition when they are in the workforce. For example, in MAR 4470 students

have a lesson on Adaptive Negotiation that is based solely on current research I have

been working on with a colleague from Indiana State. This type of lesson is unique

to a small group of students and gives them something that can differentiate them

when they are on the job market. In the end, teaching is all about preparing students

to be successful, and these three areas at the core of what I do in the classroom are

designed to achieve that.

Spotlight on Teaching Excellence

Dr. Kesha Coker

Dr. David Fleming

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