2012-13 Elon School of Business Annual Report
A look at the Martha and Spencer Love School of Business accomplishments from the 2012-13 academic year.
MARTHA AND SPENCER LOVE SCHOOL OF BUSINESS BUSINESS 2012–13 ANNUAL REPORT Prepared for Alumni & Friends Contents Letter from the Dean The Year in Review News Engaging Students in Core Elon Experiences Service Learning & Civic Engagement Study Abroad & Intercultural Experiences Internships & Professional Development Undergraduate Research Leadership Faculty & Staff Alumni of Excellence Advisory Boards 1 2 4 8 8 10 12 14 16 18 20 21 Our Mission To provide exceptional learning experiences that facilitate the transformation of students into knowledgeable, responsible business professionals and leaders who make a difference in their professions, their organizations, and the global economy. Accreditation The Love School of Business is accredited by AACSB Internationalâ€” The Association to Advance Collegiate Schools of Business. Fewer than 5 percent of business schools worldwide have AACSB accreditation. Elon University President Leo M. Lambert, Ph.D. Dean Raghu Tadepalli, Ph.D. Associate Dean Cassandra DiRienzo, Ph.D. Associate Dean for Graduate and Executive Programs William J. Burpitt, Ph.D. Elon Business is published yearly for alumni and friends by the Martha and Spencer Love School of Business. Published September 2013 Editor Nicole Filippo â€˜04 Designer Christopher Eyl Photographer Kim Walker Copy Editor Roselee Papandrea Contributors Philip Craft Eric Townsend Send inquiries to: Martha and Spencer Love School of Business Elon University 2075 Campus Box Elon, N.C. 27244-2020 336.278.6000 firstname.lastname@example.org elon.edu/elonbusiness Letter from the Dean As I reflect upon my first year as dean of the Martha and Spencer Love School of Business, the first question that comes to mind is where did the year go? It seems like just yesterday my wife and I moved with our two dogs to Burlington, and I began my role as dean. My first year has been a wonderful journey as I’ve experienced events and met several wonderful people. On Family Weekend, a longstanding tradition at Elon, all of our faculty and staff were in their offices ready to meet with parents. As I stood in the James B. and Anne Ellington Powell Foyer welcoming parents, I was struck by how much they knew about our professors. It was wonderful when they named a professor and told me they wanted to thank that person for the impact he or she was having on their son or daughter in (or out of ) the classroom. That was a special day and when all was done, I realized I met more parents in that one day than I had in my 25 years in academia. Homecoming was another event that stands out. I was, once again, in the lobby welcoming alumni when I shook hands with an alumnus who couldn’t believe we were in the wonderful Ernest A. Koury Sr. Business Center. As I walked around with him, he kept reminiscing about how it was when he was a business student at Elon about 25 years ago. He couldn’t believe our students had the resources of the William Garrard Reed Finance Center to learn about how markets worked. Such impromptu meetings highlight the benefits of Elon’s strong business program. Students graduate prepared to make a name for themselves while contributing to their communities. Our thoughts are always on how we can provide an even better education for our students. In response to student requests, we have brought in the Wall Street Prep program and the Becker FastPass CPA program. This fall, we have our first group of students in the Elon Entrepreneurship Living Learning Community. We established this community because we think every student can benefit from thinking like an entrepreneur. Of course, none of this would be possible without the wonderful faculty and staff who engage our students day in and day out. As dean, I work with them every day and collectively they have done a lot to help me settle in. We have a collegial group that takes their job seriously. They are busy but many have taken the time to stop by my office and ask me out to lunch or offer their thoughts on the many issues we, as a nationally ranked business school, confront. What is refreshing is that no one says we should be satisfied with where we are ranked. The conversation always focuses on how we can improve. As you read about our accomplishments in this report, I want to leave you with this thought: We are not resting on our laurels. There is much to celebrate and celebrate we will. But even as we do, we will strive to get better. We owe this to our students, our employers, our alumni and our friends, as well as to ourselves for we are proud to be part of this vibrant university. ABOUT THE DEAN Raghu Tadepalli comes to Elon from Babson College in Massachusetts where he served as Murata Dean and Professor of Marketing in the F.W. Olin Graduate School of Business, successfully leading a major overhaul of the MBA curriculum at a school renowned for its graduate programs in entrepreneurship and business administration. Prior to his tenure at Babson, Tadepalli was dean of the Graduate School and associate dean in the Williams College of Business at Xavier University. He also taught at North Dakota State University and the University of Illinois at Chicago, winning numerous awards for teaching, research and service. A recognized scholar in the field of marketing, Tadepalli has written or contributed to many peer-reviewed journal articles and presentations on crosscultural ethics, evaluation of performance for purchasing agents and salespeople, and the factors that affect salespersons’ customer orientation. He has served as co-editor of the Journal of Marketing for Higher Education and has taught marketing strategy at the undergraduate and MBA levels, and international business at the executive MBA levels. Tadepalli holds a bachelor’s and a master’s degree in commerce with a major in accounting from Andhra University in India. He completed an MBA degree with a concentration in marketing from Arizona State University and later earned his doctorate from Virginia Polytechnic Institute and State University. Raghu Tadepalli, Ph.D. Dean, Martha and Spencer Love School of Business annual report 2012-13 1 The Year in Review SEPTEMBER Twenty-two Business Fellows participated in the annual Business Fellows New York City trip to visit the New York Stock Exchange and several firms, including Forbes, David Beheam Design, Morgan Stanley, BNY Mellon and Blackrock. Beta Alpha Psi, the honorary organization for financial information students and professionals, hosted its annual accounting and finance Meet and Greet, which had more than 100 students and 20 firms in attendance. NOVEMBER President of GE Global Growth and Operations John Rice P’13 spoke about his international business experience and offered advice to students during his visit to Elon. Welsford Bishopric ’14, Oliver Goddu ’13, Blair Menzel ’13 and Christian True ’13 advanced to the final round of the Dalhousie Business Ethics Case Competition hosted by Dalhousie University. They presented their analysis of a case involving the Canadian Oil Sands energy project in Alberta, Canada. The team was accompanied by faculty advisor Assistant Professor Benson. OCTOBER More than 70 students networked with recruiters from companies, such as ADP, EMC, Oracle and John Hancock at The Chandler Family Professional Sales Center Sales Meet and Greet. Jim Donald, CEO of Extended Stay America Hotel Chain and former CEO of Starbucks and Pathmark Supermarkets, visited Elon to share his experience as a leader focused on innovation, quality, service, strong relationships within the community and risk taking. The Elon team of Richmond Rosati ’14 and David Ordog ’14 were among the “Elite 8” at the Collegiate Ethics Case Competition hosted by the University of Arizona. The case involved providing an analysis on the environmental, legal, financial and ethical aspects to the practice of hydraulic fracking. Assistant Professor of Business Law and Ethics Christina Benson served as their faculty advisor. Former U.S. Comptroller General David Walker, the head of the Comeback America Initiative, stopped at Elon during his $10 Million a Minute Tour. He discussed the looming financial crisis and promoted fiscal responsibility and sustainability. During Homecoming weekend, Alex Dempsey ’12 of PricewaterhouseCoopers, Grace Foster ’12 of JPMorgan Chase and Jennifer Small ’12 of ADP answered students’ questions on how to leverage Elon experiences during the job search process in a panel discussion moderated by David Brown ’13. 2 martha and spencer love school of business FEBRUARY Marketing and communications consultant and award-winning author Stacie Berdan spoke in various Love School of Business classes on how to succeed in the global marketplace. The Elon team of Patrick Brown ’14, Elizabeth Jester ’14, Michael Small ’14 and Nicholas Unkovic ’14 was one of 16 teams selected to participate in the McDonough-Hilltop Business Strategy Challenge at Georgetown University. The students analyzed a case focused on Goodwill of Greater Washington, D.C., and presented sustainable solutions to the nonprofit organization’s problem. Assistant Professor Benson served as the team’s faculty advisor. The Love School of Business hosted its second annual LSB Connect Conference, which focused on professional development. The agenda included educational sessions, an etiquette luncheon and networking with employers and alumni. J.P. Riley ’13, Paul Robinson ’13, Brian Sharnsky ’13, Christian True ’13 and Justin Wanner ’13 placed second in the N.C. state finals of the CFA Institute Research Challenge, which tests the analytic, valuation, report writing and presentation skills of university students. Assistant Professor of Finance Neeraj Gupta served as the team’s faculty mentor. MARCH Dave Porter p’11, owner and managing partner of Baystate Financial Services and author of Where Winners Live, offered career, life and leadership advice to students in his presentation “Moving Forward with Accountability.” The Chandler Family Professional Sales Center hosted their spring Meet and Greet to connect students with companies such as Education First, The Select Group, Paycom, Tom James, Piper Enterprise Solutions and New York Life. MAY Forty-one students were inducted into Elon’s chapter of the international business honor society Beta Gamma Sigma. The ceremony’s keynote speaker, certified compliance and ethics professional Paul Fiorelli, presented “The Value of Values: Why We Should Care About Ethics.” Assistant Professor Gupta received the chapter’s Professor of the Year award. The 20 members of the Business Fellows Class of 2013 were recognized in a May 24 medallion ceremony. APRIL Hilary Corna ’07, author of One White Face and founder of LiveandWorkAbroad.org, visited Love School of Business classes to talk about her experiences living and working in Asia. In the panel discussion “Leading in the Collaboration Economy,” John Repogle, CEO of Seventh Generation, and Brett Smith, founder of Counter Culture Coffee, spoke about how to be a 21st century leader and the value of running a sustainable business. Scot Wingo, a N.C.-based tech entrepreneur, and Ashton Newhall ’98, a venture capitalist and member of Elon’s Board of Trustees, shared stories about their experiences of being on the front lines of the innovation economy. This presentation was part of the C. Ashton Newhall Endowed Lecture Series. In its annual awards program, the Love School of Business presented academic achievement awards and endowed scholarships to more than 50 students. annual report 2012-13 3 News LOVE SCHOOL OF BUSINESS UNDERGRAD PROGRAM AGAIN RECEIVES TOP NATIONAL RANKING The Martha and Spencer Love School of Business was ranked #42 in Bloomberg Businessweek ’s “The Best Undergraduate B-Schools” list. The latest ranking is up one spot from the 2012 rankings. Elon debuted in the Bloomberg Businessweek rankings in 2011 at #60. Bloomberg Businessweek identifies the nation’s top undergraduate programs based on nine data points, including a survey of senior business majors that measures their satisfaction, a survey of employers and a calculation of academic quality. Left to right, Doherty Scholar Alex Lake ‘13, Ambassador Bonnie McElveen-Hunter, Doherty Scholars Elizabeth Greenberg ’14 and Danielle Kingberg ’14. “This ranking is wonderful news to share with our students, parents and alumni for it shows that the Love School of Business competes on a national level with the best universities,” said Raghu Tadepalli, dean of the Martha and Spencer Love School of Business. The Love School of Business also earned an “A” for quality of teaching and an “A+” for facilities and services. standings are based on student responses to questions asking them to rank their school’s offerings in 14 areas. Out of 123 schools, the Love School of Business received the following ranking: » 9th for marketing » 16th for macroeconomics » 18th for sustainability » 20th for microeconomics » 24th for entrepreneurship » 39th for ethics » 42nd for quantitative methods » 49th for international business THE PRINCETON REVIEW GIVES TOP MARKS TO ELON MBA Elon was recognized as the nation’s #2 “best administered” business school in The Princeton Review’s 2013 edition of the “Best 296 Business Schools.” The annual guide of top graduate business programs is based on data provided by schools and a survey of 19,000 business school students across the nation. ranking of part-time programs by U.S. News & World Report. Elon’s overall rank jumped to #69 from last year’s #152 ranking. The U.S. News & World Report parttime MBA ranking was based on five factors: average peer assessment score; the average GMAT score and average GRE quantitative and verbal scores of parttime MBA students entering in fall 2012; their average undergraduate GPA; work experience; and the percentage of the business school’s fall 2012 MBA enrollment that is part time. A total of 282 AACSBaccredited schools were ranked by U.S. News & World Report. ELON HONORS NORTH CAROLINA BUSINESS LEADER In an April 10 ceremony, Elon University President Leo M. Lambert presented Ambassador Bonnie McElveenHunter, founder and CEO of Pace Communications, the largest custom publishing company in the nation, with the Elon University Medal for Entrepreneurial Leadership. Sponsored by the Doherty Center for Entrepreneurial Leadership and the Love School of Business, the medal recognizes an entrepreneur who is a SPECIALTY BUSINESS PROGRAMS AMONG THE NATION’S TOP 50 The Love School of Business was recognized for its specialty programs in Bloomberg Businessweek’s 2013 “Best Undergraduate B-Schools” ranking. Bloomberg Businessweek surveyed undergraduate business students from the Class of 2013 about their business school experience. The specialty programs ELON MBA EARNS HIGH MARKS IN U.S. NEWS & WORLD REPORT GRAD RANKING The Elon MBA program was ranked among the nation’s finest in the 2014 4 martha and spencer love school of business leader in his or her industry and who exemplifies the values of Elon University, including integrity, innovation and creativity, passion for lifelong learning, and a commitment to building a dynamic community. In addition to being one of the nation’s most successful entrepreneurs, McElveenHunter is a longtime philanthropist and charitable cause activist. She served as U.S. Ambassador to the Republic of Finland from 2001–03. In 2004 she was appointed national chairman of the board of the American Red Cross by President George W. Bush and is serving her third term. McElveen-Hunter founded the United Way Billion Dollar National Women’s Leadership Initiative and has served as a member of the International Board of Directors of Habitat for Humanity. She serves on numerous boards, including the Kennedy Center International Committee on the Arts and the Washington National Opera. McElveen-Hunter was an inaugural member of the Elon University School of Law Advisory Board and has been a featured speaker in Elon Law’s Joseph M. Bryan Distinguished Leadership Lecture Series. To learn more about the Doherty Center for Entrepreneurial Leadership, visit elon.edu/dohertycenter. ELON NAMED A TOP UNIVERSITY FOR PROFESSIONAL SALES EDUCATION For the third year in a row, the Sales Education Foundation highlighted Elon as one of the best locations for hiring sales professionals in its list of “Top University Sales Programs for 2013.” Elon’s sales program, anchored by the Chandler Family Professional Sales Center, was selected based on its strong sales curriculum, university recognition and experiential learning component. PROFESSIONAL SALES STUDENTS EXCEL IN SEVERAL COMPETITIONS Each year, a group of students who are studying professional sales in the Love School of Business and are looking to gain relevant and practical sales experiences participate in competitions hosted by various universities. Under the guidance of Assistant Professor of Marketing Michael Rodriguez, this year’s team, David Brown ’13, Richard Crittenden ’13, Oliver Goddu ’13, David Goltz ’13, Caitlin Jones ’13, Lauren McKenzie ’13, J.P. Riley ’13, Caroline Scalici ’13 and Nicholas Sissine ’13, spent countless hours preparing for competitions. Their hard work resulted in the team earning multiple accolades. Last October, Jones was named the Overall Champion at the International Collegiate Sales Competition hosted by Florida State University. The Elon team, which included Jones, Goddu, McKenzie and Sissine, placed third in the team awards. A month later, Goltz and Scalici won the Overall Team Championship at the Russ Berrie Institute National Sales Challenge hosted by William Patterson University. Goltz was also named Overall Individual Champion and placed second in the speed-selling event and first in the sales call role-play event. Scalici placed in the top 10 in both events. In February, Riley placed first in the reverse job fair event and fourth overall at the World Collegiate Sales Open hosted by Northern Illinois University. “Sales competitions not only enable students to sharpen their sales skills, they provide an opportunity to find a great career in sales,” said Rodriguez, who is also the director of the Chandler Family Professional Sales Center. “National recruiters attend these events looking for the best and brightest in sales. One hundred percent of our students who have competed this year secured jobs prior to graduation.” MANAGEMENT FRATERNITY GIVEN NATIONAL RECOGNITION Elon’s Theta Epsilon chapter of Sigma Iota Epsilon, the premiere fraternal organization in management in the U.S., was named the National Runner-up Chapter of the Year by the SIE national office. The chapter, which was founded in 2011 and is advised by Assistant Professor of Management Information Systems Haya Ajjan, was commended for its successful efforts to recruit and grow programs to support SIE. annual report 2012-13 5 SALES COMPETITIONS EMPHASIZE VALUE OF TEAM WORK, PROBLEM SOLVING “My experience as a competitor on the sales team taught me the professional skills that I needed to prepare for the first years of my career. I gained confidence to direct meetings, respond under pressure and solve complex problems.” Caroline Scalici ’13 This spring, Caroline Scalici, from Sterling, Va., received the Walter Hattenbach Award for being the senior marketing major with the highest GPA, and the Alpha Kappa Psi Scholarship and Key for having the highest GPA among senior majors in the Love School of Business. At Elon, she was a Business Fellow, Periclean Scholar, Elon cheerleader and a member of Phi Mu sorority. She completed internships with Sean John, the U.S. Department of Homeland Security and Nautica Apparel. She now works as an associate sales consultant in the New York office of Oracle. “The National Sales Challenge not only allowed us to showcase our abilities in a real-world setting to some of the most successful companies in the world, it was a tremendous opportunity to represent our university at a national level.” David Goltz ’13 While at Elon, David Goltz was a team leader for campus recreation, a member of the honor societies Beta Gamma Sigma and Phi Kappa Phi, and an executive intern for the university’s Office of Business, Finance and Technology. He also interned with Delaware North Companies and the Charlotte Bobcats. Originally from Orchard Park, N.Y., Goltz works in the Charlotte, N.C. office of Oracle as an associate sales consultant. “My biggest takeaway from competing was how important it is to have a strong team behind you. Without the student coaches and Dr. Rodriguez’s support and dedication, there is no way we could have done half as well as we did.” Caitlin Jones ’13 During her Elon career, Caitlin Jones, from Topsfield, Mass., served as finance and public relations chairs for her sorority Alpha Xi Delta, conducted research with Assistant Professor Rodriguez on measuring perceptions of entertaining in professional sales, volunteered at consignment shops near the university, and received the 2013 Earl D. Honeycutt, Jr. Sales Leadership Award. She interned for Sentinel Benefits and Financial Group and is now an associate sales consultant in the Boston office of Oracle. Visit elon.edu/salescenter to learn more about the Chandler Family Professional Sales Center. 6 martha and spencer love school of business FINANCE CENTER EXPANDS AND OFFERS MORE SERVICES The William Garrard Reed Finance Center exposes students and faculty to research and analysis tools used by investment bankers, financial planners, finance executives and securities analysts. After conducting a review of the center’s existing resources, which included Thomson ONE Banker, Morningstar Principia, Global Insight and Bloomberg Professional service, the Love School of Business decided to change and expand the center’s offerings. For help with teaching finance in the classroom and to better prepare students who are pursuing careers in finance, the Love School of Business adopted a new database, FactSet, and upgraded to the full academic version of Morningstar Direct. To satisfy the research needs of its faculty and students, the Love School of Business implemented the integrated research platform offered by Wharton Research Data Services, which includes databases and technologies such as Compustat, The Center for Research in Security Prices, ExecuComp and Eventus. “These changes bring our offerings better in line with the needs of the broader student and faculty community,” said Neeraj Gupta, assistant professor of finance and incoming director of the Reed Finance Center. For more information on the Reed Finance Center, visit elon.edu/financecenter. WALL STREET PREP COMES TO ELON Elon’s chapter of the Financial Management Association partnered with the Love School of Business to bring Wall Street Prep to campus. Established by investment bankers, the financial modeling and interview prep boot camp aims to prepare and enhance the competitive profile of students seeking a career within the financial services industry. The two-day boot camp was held once during the fall semester and once during the spring semester, with approximately 30 students enrolled each time. A former investment banker led the participants through building financial and valuation models using real case studies, employing the same tools and methodologies professionals would use on the job. “Wall Street Prep was a great supplement to our finance classes,” said Brian Sharnsky ’13, president of the FMA. “This program was a way for students to broaden their experience and expand their professional skills.” I FINANCE CENTER RESOURCES HELP WITH RESEARCH AND INTERNSHIPS using the Bloomberg Terminal in the center and passing an online exam. Sharnsky said he was able to leverage the certificate when interviewing for internships, and that the knowledge gained helped prepare him for his internship with Keybanc Capital Markets, where he was a fixed-income trading intern. In addition to being a member of Elon’s 2013 CFA Institute Research Challenge team, Sharnsky served as president of the Financial Management Association, vice president of media and member outreach for Beta Alpha Psi and vice president of Beta Gamma Sigma. He is the 2013 recipient of the LSB Challenge and Expect Award in Accounting for demonstrating excellent academic achievement and growth. He was a game operations assistant for Elon University t was never unusual to find Brian Sharnsky ’13 working in the William Garrard Reed Finance Center. He often referred to it as his second home. The accounting and finance double major from Cleveland spent an average of 15 to 20 hours a week in the center. He used the center’s resources to complete assignments for his upper-level finance courses and to locate information for various projects. Sharnsky said the Bloomberg Professional service was especially helpful for his CFA Institute Research Challenge team when they were researching and preparing their analysis for the competition. “You can use Bloomberg to find anything you want—locations of oil tankers, the assets of millionaires, etc.,” he said. Through independent study, Sharnsky earned his Bloomberg Essentials certificate. The process entailed completing modules Brian Sharnsky ’13, left, with Sam Burke ’89, member of the Love School of Business Board of Advisors. Athletics, a member of Elon’s Volunteer Income Tax Assistance program, and a finance intern with Financial Network of America and Bellwether Real Estate Capital. He now works as a financial analyst at Keybanc Capital Markets. annual report 2012-13 7 ENGAGING STUDENTS IN CORE ELON EXPERIENCES W hile the classroom provides an excellent foundation for a solid education, it is the experiential The LSB Honor Roll for Social Responsibility was created to recognize volunteerism and community service. learning and practical application of that education that pushes students above and beyond, preparing them to succeed in today’s competitive world. Named the “nation’s leader in engaged learning” by Newsweek-Kaplan, Elon University emphasizes applying academic learning in experiential contexts. Elon encourages its students to participate in the five core Elon Experiences: service learning, study abroad, internships, undergraduate research, and leadership. “Rather than dictate a set of principles to be memorized, the Martha and Spencer Love School of Business encourages handson learning through internships, service learning and classroom instruction that engages students in the study and practice of business,” said Raghu Tadepalli, dean of the Martha and Spencer Love School of Business. “Our graduates go on to leadership positions in organizations possessing an extensive array of knowledge, skills and abilities.” Service Learning & Civic Engagement Performing service provides students the chance to meet a social need while developing skills they would not gain through formal teaching alone. This year six Love School of Business professors led service-learning courses, which engaged students in real-life settings, working on community issues to connect classroom learning with societal issues. Assistant Professor Cindy Conn’s Business Communications class partnered with the ¡Gradúate! program, an afterschool academic success program for Hispanic students, at two local high schools. Conn’s students mentored and tutored high school students participating in the program. Additionally, Conn’s class delivered three life skills presentations about time management, positive communication and self-leadership. “Working with a community partner gave students the opportunity to interact with an actual audience and translate communication concepts into practice,” Conn explained. “Students gained a better understanding of the opportunities and challenges of communication.” Other Love School of Business service-learning courses included Marketing Research taught by Assistant Professor of Marketing Timothy Norvell, Integrated Marketing Communications taught by Lecturer in Marketing Beth McAlhany, Operations and Supply Chain Management taught by Adjunct Instructor in Management Ray Parker, and two sections of Principles of Marketing taught by Instructor in Marketing Randy Moser and Adjunct Instructor in Marketing Taffey Stout. Love School of Business students also conducted service through student organizations, sports teams and the student-led Elon Volunteers! program, as well as independently. Examples of Love School of Business student organization service projects included Pi Sigma Epsilon, the national fraternity for marketing, professional selling and sales management, holding a profit share at a local frozen yogurt shop to benefit the Make-a-Wish Foundation; Beta Alpha Psi members providing free tax help through Elon’s Volunteer Income Tax Assistance program; Alpha Kappa Psi, the nation’s oldest and largest professional business fraternity, hosting a Pizza Palooza event to raise money for The V Foundation for Cancer Research; and Enactus, a community of leaders committed to using the power of entrepreneurial action to shape a more sustainable world, executing a food drive for Campbell’s Let’s Can Hunger project. LSB LAUNCHES SERVICE HONOR ROLL The Love School of Business has created the LSB Honor Roll for Social 8 martha and spencer love school of business Responsibility to recognize and motivate student volunteerism and community service. Under the leadership of Robert Moorman, Frank S. Holt, Jr. Professor of Business Leadership, the program aims to create responsible business professionals who understand how business success is linked to both financial and socially responsible performance. To earn a place on the honor roll, full-time undergraduate business students complete a minimum of 20 hours of community service during the fall or spring semesters. Moorman was motivated to start this program by his belief that business professionals participate in and lead vital community service projects. “The LSB Honor Roll for Social Responsibility offers us the chance to recognize our students who have already started serving this way,” Moorman said. Along with spreading an awareness to volunteer, this program offers business students the opportunity to apply business skills toward building a socially responsible community. “Even though too many examples exist of businesses acting in ways that harm society, we believe businesses are often agents for social good,” Moorman said. This past May, the Love School of Business held a ceremony recognizing 62 students for being named to the honor roll. The Love School of Business intends on growing the program with the goal of having all business students earn a place on the honor roll at least once during their Elon career. VOLUNTEER WORK PROPELS FINANCE MAJOR INTO OTHER LEADERSHIP ROLES “One of my passions I’ve been able to follow throughout my college career is my volunteer work with fire-rescue and E.M.S.,” said David Brown ’13, a finance major from Saddle River, N.J. He began E.M.T. training at 15 in New Jersey and was a licensed ﬁreﬁghter by 17. “It stopped being a hobby and became a love,” he said. In his first year at Elon, he joined the Town of Elon’s Fire-Rescue Department as a volunteer, actively training and answering the call to serve the town’s residents. Brown become known to his peers as the “the Elon firefighter.” He became many other things as well: junior class president, an active member of the Love School of Business’ sales competition team, vice president of finance for Pi Sigma Epsilon, a member of Beta Gamma Sigma and Beta Alpha Psi, and a 2013 recipient of the Earl D. Honeycutt, Jr. Sales Leadership Award. He interned with Jordan Buchanan and EMC Corporation, and is now an associate financial analyst at the latter. Read more about Brown’s story in The Magazine of Elon’s “I Am Elon” multimedia series featuring Elon students in their own words. View the story at elon.edu/iamelon. “I believe business and service are more closely linked than most people would originally assume. They both involve using a problem-solving mindset and collaboration to provide some kind of value to others. All service organizations are ultimately businesses, too. Knowing how to ask the right questions to families when they come into the Pet Adoption Center is a sales skill. Coming up with a way to more effectively organize volunteers during a Habitat for Humanity build is an operations management skill.” Kelly Cavanaugh ’13 Kelly Cavanaugh, a marketing major from Doylestown, Pa., volunteered weekly at the Burlington Pet Adoption Center. She said this experience was an invaluable component of her time at Elon. “It’s easy to get caught up in a self-centered mindset,” Cavanaugh said. “Community service is a refreshing opportunity to step out of the ‘bubble’ and dedicate time to a cause greater than yourself.” During her time at Elon, Cavanaugh was a Business Fellow and served as the president of the Elon Microfinance Initiative, co-founder of the student organization Women in Business and a New Student Orientation leader. She is a clinical training resident with Ethicon Biosurgery Inc., a Johnson & Johnson company, where she was previously an intern. She also completed internships with Professional Systems U.S.A. and The Lost Girls. annual report 2012-13 9 Elon MBA students along with School of Law students visited a brick factory in Vietnam during a study abroad trip to Asia. Study Abroad & Intercultural Experiences Studying abroad gives students the opportunity to expand their global perspective and broaden their cross-cultural awareness, better preparing them for a global business environment. From summer 2012 through spring 2013, nearly 300 Love School of Business majors studied abroad in several locations including Australia, Costa Rica, Denmark, England, Ghana, Italy and Ireland. “Business students need to study abroad if they want to be competitive in the global economy,” said Thomas Tiemann, Jefferson Pilot Professor of Economics and director of dual-degree programs. “The experience of being outside of their comfort zone will prepare them for doing business abroad and help them understand global partners doing business in the U.S.” This past Winter Term, the Love School of Business, in conjunction with Elon’s Isabella Cannon Global Education Center, offered the following undergraduate business study abroad courses: Business and Culture of Vietnam, Business in the Caribbean (Cayman Islands and Cuba), Business in the Pacific Rim (Hong Kong, Macau, Thailand and Singapore), EUROMED: Melting Pot or Frying Pan? (Turkey and Greece) and Global Entrepreneurship Ventures (Argentina). This is the first year the returning course Business in the Caribbean incorporated travel to Cuba. The course examined globalization and the tensions it plays in Cuba and the Cayman Islands. Kevin O’Mara, professor of management, who led the course with Art Cassill, Wesley R. Elingburg Professor of Accounting, said, “Pairing Cuba and the Cayman Islands provided a glimpse at the two extremes of globalization. One is completely ‘plugged in’ (Cayman Islands) and one is barely engaged.” ENGAGING GLOBAL COMMERCE IN SOUTHEAST ASIA In its fourth consecutive year, the International Business Winter Term course offered jointly by Elon’s School of Law and Love School of Business, incorporated a study abroad trip to Asia. Seventeen MBA students and six law students traveled to Singapore and Vietnam to engage lawyers and executives from a variety of law firms and corporations in discussions about the challenges of conducting business internationally. MBA student Alexander Worth said the course was valuable in combining key aspects of doing business overseas with analysis of laws regulating labor and trade in other countries. “As an MBA student, the ability to interact with law students during business meetings with multinational organizations offered a different and ELON EXPERIENCES 10 martha and spencer love school of business AWARD PROVIDES OPPORTUNITY TO STUDY BARCELONA’S TOURISM INDUSTRY valuable perspective regarding the challenges one faces when operating in a foreign country,” Worth said. “The eye-opening firsthand knowledge gained by witnessing the difficulties and potential rewards one faces by relocating to an emerging market like Vietnam or an extremely advanced market like Singapore was unparalleled.” In Vietnam, the students met with executives at Theodore Alexander, a furniture and accessories design and manufacturing company; Sprinta Co., Ltd., an apparel manufacturing company; Baker & McKenzie, the global law firm; and GE. In Singapore, the group held meetings with senior leaders at Maxwell Chambers, the world’s first integrated dispute resolution complex; the American Chamber of Commerce; Singapore Management University; CSE Global, a global technologies company; and UPS. Jacqueline Evans ’13, an accounting and international business double major from Clarksville, Md., is the sixth recipient of the Love Award for Excellence in Business Leadership, which was established by a gift from The Martha and Spencer Love Foundation. The award, given annually to a Love School of Business student, honors and provides financial support to students who demonstrate excellence and promise for further development in intellect, imagination, creativity, character, moral courage and leadership. Recipients are tasked with designing and completing a Love Business Leadership project grounded in one or more of the Elon Experiences. Evans, who studied abroad in Barcelona, Spain, used the award to expand on her experience abroad by examining Barcelona’s tourism industry. Upon reviewing data from the country’s tourism office, she saw that tourists aged 1824 only substantiated 3.3 percent of the total tourists who visited the city. Evans, whose project mentor was Jefferson Pilot Professor of Economics Thomas Tiemann, decided to formulate a marketing strategy to increase tourism among this group. She created a guide called “Beautiful Barcelona: The Guide to the Ultimate Weekend,” which includes concise explanations of the city, and the best places for a young traveler on a limited budget to see. The guide focuses on three main areas – historical landmarks, food and nightlife – and is based on Evans’ research and reviews. Additionally, Evans planned, shot and edited a promotional video to encourage the targeted group to visit Barcelona. “I wanted to convey the passion and love I felt for Barcelona to others my age in order to convince them to visit the city,” she said. “This award provided me with such an amazing experience that I would not have gotten from just studying abroad.” She attributes her Spanish fluency from constantly applying her lessons to reallife situations. Over the course of several meetings with the country’s tourism office, Evans, who was minoring in Spanish, was LSB ADDS DUAL-DEGREE PROGRAM IN FRANCE In fall 2012, the Love School of Business, in partnership with the Reims Management School in Reims, France, launched a business dual-degree program. Participating students will spend two years at each institution, complete a semester-long, full-time internship while abroad and graduate with degrees from both schools. “This program is a once-in-alifetime opportunity,” said Katherine Sipple ’15, who is one of three Elon students enrolled in the program who moved to France this fall. “The opportunity to study in two different countries and obtain business degrees from two universities will help me be successful in today’s global business world.” The Love School of Business also offers a dual-degree program with ESB Business School at Reutlingen University in Germany. For more information about the dual-degree programs, visit elon.edu/dualbusiness. able to expand her Spanish vocabulary to incorporate business terminology. “Having the ability to talk about statistics and business in a foreign language is not something that can be taught in the classroom,” she said. This project also gave Evans experience managing a project in an international setting. “Conducting business abroad is a sensitive issue in some countries, and having practice in a culturally unique city added substantial weight to my skills,” she said. At Elon, Evans was a Business Fellow, a member of Beta Alpha Psi and the vice president of finance for Sigma Kappa sorority. She completed internships with Northrop Grumman and Baker Tilly Virchow Krause. After graduation, she completed the Becker FastPass CPA course at Elon and began her job at Baker Tilly as a staff accountant this fall. To view Evan’s video about Barcelona, visit her blog at barcelonaresearch.wordpress.com. BLOGS Read about students’ study abroad experiences in the following blogs: Business in the Pacific Rim » elon2013pacificrim.wordpress.com Global Entrepreneurship Ventures » blogs.elon.edu/elonstudyabroad/?s=argentina EUROMED: Melting Pot or Frying Pan » blogs.elon.edu/gst213 annual report 2012-13 11 Internships & Professional Development Students who are pursuing degrees in one of the majors in the Love School of Business must complete one internship for credit in order to graduate, with the exception of economics and international economics students. From summer 2012 through spring 2013, more than 250 students completed internships for credit. Established by a gift from Elon trustee Dave Porter P’11 and his family, the Porter Family Professional Development Center, located in the Koury Business Center, is dedicated to providing resources to assist students in preparing for and acquiring internships, full-time employment or graduate school placement after graduation. This academic year, Director of Internships Jan Pagoria and Associate Director of Career Services Jane Mehringer held more than 1,900 appointments with business students to discuss topics such as internships, job searches, resumes, interview preparation and career goals. They’ve also served as guest speakers in approximately 60 Love School of Business classes and professional development programs. Their presentations have covered social media strategies, resume and cover letter basics, networking strategies, case interviewing, and utilizing and interpreting the StrengthsQuest assessment and Myers-Briggs Type Indicator assessment. coaching through private sessions, input on specific career issues and continual feedback about development. Students and mentors are matched through a compatibility event. The Twitter chats were established to provide another way for students to connect with alums and have career-related questions answered. Participating alumni included Carolyn Klasnick ’09 and Danaka Walker ’10. PROGRAMMING CREATED FOR YOUNG ALUMNI The Porter Center partnered with the Student Professional Development Center and Elon’s Young Alumni Council to implement two new programs: the Young Alumni Mentor Program and Young Alumni Ask the Alum Twitter Chats. The mentor program was developed to better prepare students to become leaders in the business world upon graduation. Professionals volunteer to mentor students, offering to share their real-world experiences and knowledge, general career EMPLOYER RELATIONS ROLE ADDED Following the formation of Elon’s Office of Corporate and Employer Relations in the Student Professional Development Center, the position of associate director of corporate and employer relations was added to the Porter Center’s staff. Sarah Thomas ’05 G’09 filled this role last September to increase the number of companies recruiting on campus and to connect students with employers for internship and career opportunities. ELON EXPERIENCES “Through my internship, I was able to see firsthand what I was learning in my management class and apply it in the office. Multiple times I would come to work and for the first five minutes tell my boss what I learned in class that day and how similar it was to what she and I were working on.” Maritza Gamboa ’14 Maritza Gamboa, a management major from Hopkinton, Mass., interned with Elon’s Admissions office last fall. Some of her responsibilities included conducting presentations during campus visit sessions, meeting with prospective students and their families to discuss their questions and concerns and assisting with organizing Elon’s Fall Open House events. Gamboa is an Admissions tour guide, treasurer of Sigma Iota Epsilon, vice president of Colleges Against Cancer, vice president of the club field hockey team and a volunteer at the Memory Care Center. 12 martha and spencer love school of business WHERE’S THE CLASS OF 2013? 3Acuity Brands Advisory Board Council AmWINS Apple Inc. Baker Tilly Virchow Krause Baystate Financial Services Be-at.tv Boeing Credit Suisse Crowe Horwarth Deloitte E.&J. Gallo Winery EMC Enterprise Ernst & Young FactSet Research Systems Florida State University (J.D./M.A. in public health) Hewlett-Packard IBM Insight Global John Hancock Johnson & Johnson JPMorgan Chase & Co. Kerry Group KeyBanc Capital Markets Inc. KPMG LeadSpend Lincoln Financial Group Live Oak Bank Living Social Lockheed Martin Mullen Neuberger Berman New York Life Nissan North America North Carolina Department of Revenue Northwestern Mutual Financial Network Oppenheimer Funds Oracle PNC Bank Potomac Selections PricewaterhouseCoopers Red Ventures Royal Bank of Scotland RS Investments RSA Security – EMC SAP Simmons Bedding Company Smith Leonard Teach for America The Link Group The Nielsen Company The Roosevelt Group The Select Group TransPerfect Trinidad Benham University of Baltimore (J.D.) UNC-Chapel Hill (Ph.D. in economics) University of New Hampshire (Ph.D. in economics) Vanguard Group Wake Forest University (M.S. in accountancy) Wells Fargo XPO Logistics “Working in operations at a global firm, I‘ve gained a comprehensive understanding of foreign exchange products and processes. I have also been exposed to many different areas of the company and have enhanced my customer service skills. I have learned the fundamental details that are essential to the success of any front office transaction. Finally, and equally as important, my internship has given me the opportunity to network and interact with people in the corporate world.” Phoebe Hyde ’13 Last summer, Phoebe Hyde interned with Credit Suisse as a treasury operations analyst. She helped her department provide confirmation and settlement support for foreign exchange and money market products, which are traded by the sales and trading desks in Asia, America and Europe. The finance major from Dover, Mass., also completed an internship with Boston Private Bank, served as secretary for Beta Alpha Psi, was a Periclean Scholar, and held memberships in the Financial Management Association, Phi Mu sorority and Gamma Sigma Alpha, the national Greek academic honor society. After graduation, she returned to Credit Suisse to work as an operations analyst. Connect with alumni, faculty, students, staff and friends on LinkedIn by joining the Elon University Martha & Spencer Love School of Business group. Logistical Athletic Solutions Macheen Inc. Manasquan Savings Bank annual report 2012-13 13 Undergraduate Research “The emphasis on undergraduate research at Elon, and especially in the Department of Economics, is one of the most unique and rewarding engaged learning experiences we offer,” said Katy Rouse, assistant professor of economics. For students who wish to continue their education in graduate school, the undergraduate research experience provides them with a competitive advantage. In addition to completing a thesis, students often present their research at Elon and external conferences. The experience is also highly beneficial for students who will pursue business careers. “The students must develop their own question, develop a theoretical model, empirically tackle their question, digest the results and write it all up into a coherent argument,” Rouse said. “The process is ill-structured and requires a high level of intellectual engagement.” STUDENTS PRESENT AT IPE CONFERENCE Several Elon economics students presented their research at the 20th annual Issues in Political Economy Conference on Undergraduate Research and Mentoring held March 1-2 in Boston. Economics majors Kate Easom ’13, Celia Rose Eddy ’13, Kathryn Hjalmarson ’13, Bethany Neeb ’13, Greg Nantz ’13, Emily Plante ’13, Alex Spitz ’13 and Justin Wanner ’13 presented papers and served as session chairs. Easom and Issues in Political Economy faculty advisor Steve DeLoach organized the conference, which brought together students and faculty from institutions such as Austin College, Davidson College, Gettysburg College, St. Lawrence University and Tulane University. Issues in Political Economy is the leading undergraduate research journal in economics and is co-edited by undergraduates at Elon University and the University of Mary Washington. Elon has co-edited the journal since 1998. The IPE is indexed in Cabell’s Directory of Publishing Opportunities in Economics & Finance. ECONOMICS THESES 2013 “The Direct Effect of Fitness and Health on Productivity: as Seen on an Urban Scale” Gregg Naylor Bakalar (mentor: Tom Tiemann) “What Does the First Time Issuance of a Dividend Really Signal?” Kevin Barr (mentor: Vitaliy Strohush) “The Impact of Professional Sports and Publicly Funded Stadiums” Ken Dunkle (mentor: Doug Redington) “An Economic Model for College Basketball Recruiting” Jackson Fambrough (mentor: Jennifer Platania) “The Housing Market and Fiscal Stimulus” Liam Flaherty (mentor: Steve Bednar) “Supersizing Rural China: the Effect of Fast Food on Childhood Health” Matthew Florian (mentor: Mark Kurt) “What are the Key Economic Determinants of Sports Franchise Values?” Zachary Guarino (mentor: Doug Redington) “Does Economic Slowdown Cause Increases in Prostitution?” Jonathan Hill (mentor: Jim Barbour) “Does an Undervalued Yuan Actually Give China a Trade Advantage?: a Look into China’s Exchange Rate and Bilateral Trade” Kathryn Hjalmarson (mentor: Steve DeLoach) “Are Current Legal Systems Capable of Regulating the Internet?” Marshall Holmes (mentor: Tina Das) “Minimum Wage, Subject Test Scores, and High School Graduation” Nick Kamerer (mentor: Steve Bednar ) “Savings, Dependency, and Availability of Credit: Re-examining the Effects of Demographic Change Across Countries” Gregory Nantz (mentor: Steve DeLoach) ELON EXPERIENCES “Gender Inequality and Growth” Kate Easom (mentor: Jennifer Platania) “A Study of the Short-Run and Long-Run Effects of Year-Round Schooling on Student Achievement in Wake County, N.C.” Celia Rose Eddy (mentor: Katy Rouse) 14 martha and spencer love school of business Celia Rose Eddy ’13, right, worked on her senior thesis with the help of her mentor, Assistant Professor Katy Rouse. RESEARCH PROJECT READIES ECONOMICS MAJOR FOR GRADUATE SCHOOL For her senior thesis, economics major and Honors Fellow Celia Rose Eddy ’13 examined the short-run and long-run effects of yearround schooling on student achievement in Wake County, N.C. In response to primary school education budget cuts and an increasing student population, Wake County, the largest school system in N.C., enacted a policy in 2008 that changed dozens of primary schools to a multi-track, year-round calendar. Over the course of three semesters, Eddy worked with her mentor, Assistant Professor of Economics Katy Rouse, who had previously studied year-round schooling in Wake County. Eddy built upon Rouse’s research, which looked at the differences in achievement between traditional and year-round student populations. “I was able to add a time-dependent variable that Dr. Rouse had been unable to examine due to her study’s limited number of years of data available,” Eddy said. She developed and disseminated surveys, compiled a dataset from multiple publicly available sources, and performed regression analyses. Rouse helped her with the programming code and provided general guidance. Eddy, who presented her research at this year’s Issues in Political Economy conference and Elon’s Student Undergraduate Research Forum, said this experience has helped prepare her for her pursuit of advanced degrees. She is now attending Virginia Tech for her master’s in statistics. “Being able to add undergraduate, faculty-aided research to my resume was something that helped set my academic record apart from others,” she said. “The practical knowledge of statistics and regression analysis I gained during this process helped me secure a graduate assistantship.” During her college career, Eddy was a middle blocker on Elon’s volleyball team, earned Southern Conference Academic AllConference honors, and held memberships in the honor societies Phi Eta Sigma and Omicron Delta Epsilon. “To What Extent do Law School Tuitions Act as a Wage Determinant?” Bethany Neeb (mentor: Mark Kurt) “Forecasting and Okun’s Law” John Newman (mentor: Steve Bednar) “How Effective are State Sentencing Policies?” Harrison Olverd (mentor: Tom Tiemann) “When we are Free, we are one: Exploring how the Mobility of Capital and Labor Affects the Distribution of City Sizes” Max Piland (mentor: Tom Tiemann) “The Effects of the Women, Infant, and Child Food Assistance Program on Childhood Obesity Rates” Emily Plante (mentor: Katy Rouse) “LGBT, State Laws, and Happiness” Benjamin Poole (mentor: Greg Lilly) “Rent Seeking and the Subsidization of Professional Sports Stadiums” Steve Rice (mentor: Greg Lilly) “International Business Cycles and Financial Crises: an Investigation of Southeast Asia and South America” Alex Spitz (mentor: Vitaliy Strohush) “The Long Term Effect of Overspending on GDP Growth“ Tyler Tucci (mentor: Jennifer Platania) “Net Present Value of Education: the Problem with Average” Justin Wanner (mentor: Vitaliy Strohush) “The Effects of Entrepreneurial Framework Conditions on Older Aged Entrepreneurship Using Global Entrepreneurship Monitor Data” Thomas Whyel (mentor: Mark Kurt) “Trade Openness and Income Distribution” Sam Wright (mentor: Tina Das) “Choice of Exchange Rate Regime” Blaire A. Zachary (mentor: Steve DeLoach) annual report 2012-13 15 Leadership Love School of Business students study leadership in their management and ethics classes. Through additional Love School of Business courses, students develop important leadership skills, such as oral and written communications, decision-making, persuasion, team building, innovation and motivation. Extracurricular programs assist students in developing and practicing their leadership skills. “Students develop their leadership skills when they lead student organizations, participate in competitions, work to develop new business ventures or consulting projects, lead social and athletic groups, and participate in internships,” said Robert Moorman, Frank S. Holt, Jr. Professor of Business Leadership. “For example, competitions help students hone their abilities to research and develop the arguments needed to persuade others toward problem solutions. Our student organizations provide students with significant practice leading groups and leading efforts to make positive changes.” Love School of Business student organizations include Alpha Kappa Psi, Beta Alpha Psi, Beta Gamma Sigma, Economics Club, Elon Microfinance Initiative, Enactus, Financial Management Association, International Business Club, Omicron Delta Epsilon, Pi Sigma Epsilon, Sigma Iota Epsilon, Society for Human Resource Management, SEED, and Women in Business, which was founded by students this past year. For more information on these groups, visit elon.edu/businessorganizations. DEVELOPING READING PROGRAM HONES LEADERSHIP SKILLS Responsible leaders inspire trust while establishing their own ethical behavior and modeling it to their group/organization. They use their technical, strategic and business knowledge and skills to make decisions that take into account the interest of all, including the community and future generations. Brenna Humphries ’13, an international business major from Marietta, Ga., was presented with the LSB Responsible Leadership Award at the school’s annual awards program for exemplifying these qualities within and outside the Love School of Business. While completing a community service project at a children’s hospital with her high school class, Humphries saw low-income children spend their recovery time watching television or playing video games without educational stimulation. She notes most of them could not afford a tutor and fell behind in school. To address this issue, Humphries founded Kids Read Inc. in 2007. The organization promotes literacy and learning among inner-city youth by providing new and gently used books as well as educational programs that spark a passion for reading. Humphries collected books through donation dropoffs she set up at her library, high school and church. During her college career, she began to broaden her reach by donating to inner-city elementary schools, YMCAs and other organizations that serve children. She also began a volunteer reading program in which individuals can give an hour of their time to read to a child and also let the child read to them. In her sophomore year at Elon, Humphries gained 501(c)(3) status for Kids Read. As of March 2013, Kids Read has donated more than 3,000 books to children in six states and Jamaica. “Moving forward, I desire to expand Kids Read on a global scale,” Humphries said. “I am currently working to set up a small library in South Sudan, Africa, for impoverished, orphaned children.” Humphries is also a recipient of the W.L. Monroe Christian Education and Personality Award, which was presented at the university’s Omicron Delta Kappa spring awards ceremony. During her time at Elon, she was a resident assistant, Affinity Bible Study president, Isabella Cannon Leadership Fellow, Odyssey Scholar and member of the Spanish honor society Sigma Delta Pi. She completed internships with Nissan North America, Google and AT&T and participated in the JPMorgan Chase Launching Leaders program. She now works in pre-sales consulting in Oracle’s Atlanta office. ELON EXPERIENCES 16 martha and spencer love school of business “The LSB has supported my growth as a leader in multiple ways. Leadership skill enhancement and mentoring are two examples. I have gained core leadership skills, like working with teams and articulating my ideas, through my classes. Outside of the classroom, I’ve received mentoring from faculty members, which has helped me discover my leadership style and strengths.” Brenna Humphries ’13 Support Transformative Learning Through the LSB Annual Fund Annual gifts from alumni and friends sustain excellence in the Love School of Business and support the work of outstanding students and faculty scholars. Combined with university resources, private gifts play a vital role in enabling students to participate in highprofile competitions and faculty to present their research at professional conferences, strengthening the reputation of the Love School of Business and the entire university. To make a gift to the Love School of Business today, visit elon.edu/makeagift. For more information about supporting the Love School of Business, contact Brian Baker, assistant vice president for University Advancement, at email@example.com or 336-278-7453. annual report 2012-13 17 Faculty & Staff NEWS Betsy Stevens, associate professor of business communications, and Scott Buechler, assistant professor of business communications, received the “Best Paper” award at the 2013 Association for Business Communication Midwest/Southeast Regional Conference for “An analysis of the Lehman Brothers’ Code of Ethics.” Steve DeLoach, professor of economics, was awarded an Elon Senior Faculty Research Fellowship for the 2013–14 and 2014–15 academic years. He will use the award to advance two foci of his research agenda: One focused on reducing poverty in developing countries through microcredit, and the second focused on understanding how workers allocate their time toward activities such as networking and searching for new jobs. Kevin O’Mara, professor of management, was named a Center for the Advancement of Teaching and Learning Scholar at Elon for the 2013-14 and 2014-15 academic years. O’Mara will focus his project on developing effective methods of integrating the teaching of innovation in both undergraduate and graduate programs in business. Judy Dulberg, MBA program coordinator, was selected as Elon’s Administrative Staff Member of the Year. She was commended for her dedication, hard work, enthusiasm and loyalty to the program. Many of her colleagues cite her masterful administration of the program as one of the reasons the program has received high rankings by Bloomberg Businessweek and The Princeton Review. Michael Rodriguez, assistant professor of marketing, became the director of the Chandler Family Professional Sales Center. As director, he is responsible for increasing student interest in professional sales careers, reaching out to sales organizations who are looking for the best in sales talent and further developing Elon’s sales program. Rodriguez, who earned a Ph.D. in technology management from Stevens Institute of Technology, came to Elon in 2009 after working on Wall Street selling market data and trading platforms to investment banks, asset managers and hedge funds. Robert Pavlik, associate professor of finance, retired after teaching at Elon for 11 years. He came to Elon in 2002 after learning great things about the university from a colleague, his wife and his wife’s family. While at Elon, Pavlik taught undergraduate and graduate finance courses and was the director of the William Garrard Reed Finance Center from 2006–10. Pavlik’s favorite Elon memories include summer golf outings with faculty members. He will miss many of his colleagues and their interactions. His post-Elon plans include moving to Southern California with his wife, Barbara ’71, and spending time with his children and granddaughter in Texas, and stepchildren and step-grandchildren in California. 18 martha and spencer love school of business of information and is a ready and helpful coach for students and faculty members. The Dean’s Award for Exemplary Service–Faculty was awarded to Tina Das, professor of economics, and Haya Ajjan, assistant professor of management information systems, for their commitment to Elon’s servant-leadership model. Dean Tadepalli lauded Das’ impact on the Business Fellows program. Since becoming director of the program two years ago, Das developed a new curriculum and process for selecting the Fellows. The dean said her tremendous effort has resulted in a program that has been significantly elevated. Ajjan was recognized for her contributions to the school, Elon and the profession. Under her leadership as the advisor to Elon’s chapter of Sigma Iota Epsilon, the leading management fraternity in the U.S., the chapter was named Runner-up Chapter of the Year by the SIE national office. Ajjan has worked with faculty to create a database interface that enables them to review committee assignments, provided support in the exploration of new graduate programs in the Love School of Business, created two databases for the Academy of Business Education, and has spoken to undergraduate classes on the warfare and humanitarian crisis in Syria. L to R: Betsy Stevens, John Burbridge, Tina Das and Haya Ajjan were honored for their service. DEAN’S AWARDS The following faculty and staff members were honored for their service during the Love School of Business annual awards ceremony held April 18. John Burbridge, professor of operations and supply chain management, received the Dean’s Award for Excellence in Teaching for exemplifying the teacher-scholar model. Dean Raghu Tadepalli commended Burbridge’s willingness to step beyond the traditional curriculum. Creating opportunities for students to have consulting experiences with local firms is just one way he demonstrates his commitment to engaged learning. Betsy Stevens, associate professor of business communications, is the recipient of the Dean’s Award for Excellence in Scholarship. She was recognized for her long tenure in producing high-quality research. In the past year, her paper, “How ethical are U.S. business executives? A study of perceptions,” was published in the Journal of Business Ethics. In the past 20 years, she has authored several articles on corporate ethics, including “An analysis of corporate ethical code studies: Where do we go from here?” which, according to Google Scholar, has been cited 175 times. Betty Garrison, reference/business librarian, was presented the Dean’s Award for Exemplary Service– External. Dean Tadepalli noted Garrison is a valuable partner of the Love School of Business, managing a wide variety of critical resources for the school and its students. She proactively keeps the school abreast of continuously changing sources NEW FACULTY Timothy Norvell, assistant professor of marketing, holds a bachelor’s degree in finance from the University of Central Florida and a master’s in marketing research and a Ph.D. in business administrationmarketing from the University of Georgia. He previously taught at the University of Georgia and was formerly the executive director of marketing research at Applebee’s International. His research interests include customer lifetime value, cumulative service experiences, service recovery and loyalty; dynamic market structure and market evolution; and brand portfolio consumption, cumulative brand experiences and category evolution. annual report 2012-13 19 Alumni of Excellence LOVE SCHOOL OF BUSINESS ALUMNI AWARDS The Love School of Business established two awards this year to honor undergraduate and graduate alumni for their significant contributions to their profession, community and alma mater. Love School of Business alumni Christopher P. Martin, left, and A. Christine Baker, far right, along with Alexandra E. Ellis and Michael G. Long were honored at the Alumni Association Awards Ceremony. ALUMNI ASSOCIATION AWARDS A number of outstanding alumni were honored for professional achievements, community service and contributions to Elon during the annual Alumni Association Awards Ceremony held during Homecoming, including the following Love School of Business alums: Christopher P. Martin ’78 P’13 DISTINGUISHED ALUMNUS OF THE YEAR Shane D. Powers ’99 MARTHA AND SPENCER LOVE SCHOOL OF BUSINESS DISTINGUISHED ALUMNUS OF THE YEAR Director, Credit Suisse’s Investment Banking Division A. Christine Baker G’88 DISTINGUISHED ALUMNA OF THE YEAR Chairman, president and CEO of Provident Financial Services, Inc. and The Provident Bank Member, Elon University Board of Trustees; adjunct instructor in accounting, Elon University TOP 10 UNDER 10 AWARDS » The following Love School of Business alumni were honored during the Alumni Association’s Top 10 Under 10 Awards Ceremony held April 20. Bernadette Spong ’78 G’07 P’09 P’10 ELON MBA DISTINGUISHED ALUMNA OF THE YEAR Vice president of finance and CFO, Rex Healthcare Love School of Business Alumni Luncheon Hilary Corna ’07 Author and speaker Peter Ustach ’09 Owner, The Fat Frogg and Pandora’s Pies Christian Wiggins ’03 Chief operating officer, Pi Kappa Phi fraternity November 8, 2013 | 12:30-1:30 p.m. Join fellow alumni, faculty and students for lunch in the Koury Business Center. F O R M O R E I N F O R M A T I O N , V I S I T: www.elon.edu/homecoming 20 martha and spencer love school of business Advisory Boards LOVE SCHOOL OF BUSINESS William S. Creekmuir P’09 P’10 Clarity Advisors, LLC Chair of the Board of Advisors W. Thomas Amick ’69 P’13 Discovery Labs Michael J. Bear P’15 The Apophasis Group Samuel L. Burke ’89 PricewaterhouseCoopers, LLP Britt W. Carter Fleishman-Hilliard, Inc. Charles R. Clohan ’98 Dittmar Company John G. Currin, Jr. Alamance Regional Medical Center Donald A. Dibble Lincoln Financial Group John S. Gaither P’09 Reichhold, Inc. Donald S. Galante P’08 Gala Capital Management Michael T. Gannaway P’01 VF Corporation Captain Thomas J. Harper (Retired) U.S. Navy Chelsea Helms ’13 Undergraduate Representative Frank S. Holt III Holt Sublimation Printing and Products Co. Jeffrey W. LeRose Research Triangle Software, Inc. John R. Maynard P’15 Tarheel Research, Ltd. Thomas D. McGowen, Jr. Stout Stuart McGowen & King LLP Judy C. Miller RSVP Communications, Inc. John T. Mollen P’12 EMC Corporation James A. Moncure II IBM Brad Morton LabCorp Michael Nowak ’11 Teach for America Shane Powers ’99 Credit Suisse Louis M. Riccio ’85 La-Z-Boy Incorporated Jamie Ridout G’14 Durham Regional Hospital Graduate Representative J. Karl Sherrill, Jr. G’08 Senn Dunn Insurance Jay B. Shipowitz P’12 Ace Cash Express John H. Slayton The Trust Company of The South Bernadette M. Spong ’78 G’07 P’09 P’10 Rex Healthcare Derek B. Steed Glen Raven, Inc. David A. Stevens ’81 SunTrust Bank Peter L. Tourtellot Anderson Bauman Tourtellot Vos Linda T. Weavil Elon University Mark R. White P’13 SAP America Mac Williams Alamance County Area Chamber of Commerce Elmer D. Yost Prudential Yost & Little Realty, Inc. Greg Chabon Womble Carlyle Sandridge & Rice PLLC Ashok Dinakaran A & D Real Estate Holdings Ed Doherty P’07 Doherty Enterprises, Inc. Joan Doherty P’07 Doherty Enterprises, Inc. Steven Graven P’15 Global Textile Alliance Eric Henry TS Designs Jon Leonardo ’11 DCEW LLC, Triangle Entrepreneurship Week John R. Maynard P’15 Tarheel Research, Ltd. Jim Mitropoulos P’17 Innovolt Mital Patel L’09 Triangle Business Law Charles Sydnor P’02 Braeburn Farms EXPANDING THE LSB NETWORK As the undergraduate representative on the Love School of Business Board of Advisors for 2012–13, finance major Chelsea Helms ’13 served as the voice of the student body during meetings in which the board discussed the future of the school. Helms, who is from Wilton, Conn., provided the student perspective on several topics, including fine-tuning major/ minor degree audits and finding a way to encourage students to study abroad. “The experience of serving on the board opened my eyes to all the details, effort, thought and generosity the board members give to the LSB,” Helms said. “It also contributed to my growth as a student and young professional. I was able to engage in fascinating conversations with board members, who shared wisdom and career advice with me.” Helms also saw how important it is for her and Love School of Business alumni to stay connected to the school after graduation. “It is imperative that alums support and help the LSB expand its network and give future students every opportunity possible,” she said. While at Elon, Helms was the vice president of Beta Gamma Sigma and a member of several honor societies, including Phi Kappa Phi and Beta Alpha Psi. She completed internships with UBS Financial Services, Nestle Waters, Save the Children and W Magazine. She now works as a consultant at FactSet Research Systems in Norwalk, Conn. DEPARTMENT OF ACCOUNTING James Mitchell IV Smith Leonard Advisory Board Chair Linda Aldridge ’87 Stout Stuart McGowen & King, LLP Michele Cash ’84 Blue Cross Blue Shield of North Carolina Susan Ezekiel Cobb Ezekiel Loy & Co., PA Kenneth Hancock IBM David Johnson P’89 P’91 Apple, Bell, Johnson & Co., PA Jonathan Kraftchick Cherry, Bekaert & Holland, LLP Karla D. Munden Lincoln Financial Group Ryan Rate ’06 PricewaterhouseCoopers, LLP Rhonda Skiles Bernard Robinson & Co., LLP C. Thomas Steele, Jr. Wishart Norris Henninger & Pittman P.A. Bill Wilkinson ’85 Gilliam Coble & Moser CHANDLER FAMILY PROFESSIONAL SALES CENTER Megan Anderson ’11 ADP Bob Chandler Chandler Concrete Billy Chenault ’85 Luck Companies Michael T. Gannaway P’01 VF Corporation Kevin Kelly P’11 UBS J. Karl Sherrill, Jr. G’08 Senn Dunn Insurance DOHERTY CENTER FOR ENTREPRENEURIAL LEADERSHIP Andy Agrawal P’14 Decision Point Ian Baltutis ’08 Vibration Solution, LLC annual report 2012-13 21 Martha and Spencer Love School of Business PO Box 398 Elon, NC 27244 Change Service Requested Nonprofit Org US Postage Paid Elon, NC Permit No. 1 ABOUT THE LOVE SCHOOL OF BUSINESS The Martha and Spencer Love School of Business is a leader in transformative education. Its mission is to provide exceptional learning experiences that facilitate the transformation of students into knowledgeable, responsible business professionals and leaders who make a difference in their professions, their organizations and the global economy. CONNECT WITH US: www.elon.edu/ElonBusiness ElonBusiness ElonBusiness