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Olympians pg. 5

RECAPTURING Business

Studying Abroad pg. 12 Dreaming of Owning Your Own Business pg. 18

Volume 1, Issue 1

Austin Peay State University College of Business

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A Message From the Dean

Recapturing a time gone by is akin to the statement that you can’t go home again. It is true that the places and things we left behind continue to evolve. This is the essence of our new magazine, “Recapturing Business.” Recapturing Business focuses on recapturing three ideals: our foundation, our commitment, and our hope. Let’s take a look at recapturing our foundation, to the hunger that motivated us to pursue business. The foundation of all our business knowledge is knowing that you can’t ignore supply and demand, you can’t treat your customers or your employees poorly, and you can’t make up an accounting system. There are foundational concepts, and these concepts are rooted in the basic elements of integrity, honesty, and trust - the foundational elements necessary to build future business leaders and integral to the cultural core of the College of Business. Built on top of this foundation, recapturing the commitment to the students, to their well being, their learning, and their decision making and problem solving skills is at the heart of the core of our faculty, our staff, and administrators. The history of Austin Peay’s College of Business is one of graduating successful students that are making significant impacts in the accounting, health care, insurance, banking, communications, and financial services sectors. A dream I have is to recapture the spirit of these Dean William Rupp successful alumni by bringing them into the classroom to broaden and accelerate student learning and ignite the passion within our current students. I believe that the power of transferring success stories reinforces the foundation and challenges assumptions. These powerful stories, delivered directly and openly, are a distinctive of our College and encouraged by our mission. Perhaps this transfer of success could lead to an alumni/student mentoring system. Lastly, once we recapture our foundation and we recapture our success stories, we must recapture the hope that brought us into the business world in the first place. For some, it was money. For others it was the pleasure of helping others, and, for a few, it was a calling to create opportunity for their family, friends and community. Recapturing Business will chronicle hope, it will share faculty research insights, it will brag about our faculty, students, and alumni, and it will share stories of those that are doing extraordinary things. In our College, we are continuously recapturing our foundation, our commitment, and our hope. If you would like to come along, take a few minutes and read our new magazine and give me a call. Let’s find a way you can be a part of our recapturing efforts. Exciting times. Bill Rupp, PhD Dean and Professor of Management

Mission Statement The mission of the APSU College of Business is to promote the continuous development of a learning environment, through excellent teaching and faculty research, which challenges students to push beyond the textbook, explore the limits of their capabilities and discover their individual passions.

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Table of Contents Message From the Dean......................................................2 Accreditation........................................................................4 Student Features...................................................................5 Olympians............................................................................5 Freshman Orientation.........................................................6 Blended Learning.................................................................6 The Kimbrough Building....................................................7 Studying Abroad...............................................................8-9 Faculty Feature: Dr. Steven Anderson.............................10 Impact Awards....................................................................11 New Department Chairs....................................................11 Dean’s Ambassadors...........................................................12 Alpha Kappa Psi..................................................................13 Advising Center.................................................................14 Alumni: Aksana Mathieson...............................................15 Dr. JF Burney Memorial....................................................15 Advisory Board..............................................................16-17 Entrepreneurship Program................................................18 Senior Recognition Banquet..............................................19 Faculty Publications......................................................20-21

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On the Cover: Students emerging from the newly renovated Kimbrough building, where Austin Peay State University’s College of Business is located.

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Reader’s Guide RECAPTURING Business is published by Austin Peay State University’s College of Business. Press run is on demand. Dean Bill Rupp - Editor Natalie Deidiker (‘12) Managing Editor, Graphic Designer, and Writer Matthew Kilpatrick (‘10, ‘12) Contributing Writer Susan Wilson - University Advancement, Director of Major Gifts Photography: Sherri Devers (‘92) Dr. Mickey Wadia

Contact the Austin Peay College of Business by: Phone: 931-221-1283 Fax: 931-221-7355 Mail: College of Business, Kimbrough Bldg, Room 128 PO Box 4416 Clarksville, TN 37044

Be sure and check us out on Facebook - www.facebook. com/AustinPeayBusiness! Austin Peay State University, a TBR institution, is an AA/EEO employer and does not discriminate on the basis of race, color, national orgin, sex, disability or age in its program and activities. The following person has been designated to handle inquiries regarding the non-discrimination policies: Director, Affirmative Action, P.O. Box 4457, Browning Building Room 7A, Clarksville, TN 37044, Phone: 931-221-7178.

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Accreditation at Austin Peay Heroic Efforts of Accreditation by the College of Business In April of 2012, the Austin Peay College of Business faculty came together and took enormous strides to achieve accreditation through the Association to Advance Collegiate Schools of Business, AACSB. This prestigious agency is the blue ribbon of business accreditation and its structure and processes will help us continue becoming more excellent. The following was written by faculty and captures the collective sense of excitement, “APCOB faculty members, staff, and leadership are committed to obtaining AACSB accreditation and this dedication is reflected in the many changes that have occurred both culturally and in infrastructure within APCOB during the last several years.” The drive for AACSB accreditation is fully supported by President Tim Hall and Provost Tristan Denley as evidenced by both public proclamations and, more importantly, continuing financial support. President Hall made his support of APCOB’s accreditation effort public by making it a part of his agenda during a presidential convocation and has subsequently informed alumni, faculty members, and students of his continuing commitment to AACSB accreditation. President Hall has made numerous statements of support both financial and in spirit for the faculty’s drive to AACSB accreditation in “listening meetings” with Austin Peay College of Business faculty members. He has also made AACSB accreditation of the College of Business a pillar of the most recent capital campaign. Concrete support in the form of new positions and in-

A College of Business student

Two students socialize in the downstairs lobby of Kimbrough. frastructure improvements comes from Provost Denley. He authorized six faculty positions; including two new department chairs, and provided the funding for them during the fall semester of 2011. He supported the newly remodeled and technologically upgraded one hundred-seat auditorium. Provost Denley continues to support APCOB’s accreditation drive through his enthusiastic support for curricular improvement including the addition of business calculus to the general education core for the BBA. The Provost has also made his commitment to enhanced teaching and research from faculty members through the provision of graduate assistants and teaching assistants. This is a first for the College of Business and is seen as a strong statement of support for the faculty and the accreditation effort. The Tennessee Board of Regents has also demonstrated strong support for AACSB accreditation through the actions of Chancellor John Morgan who told the assembled faculty in August 2011 that the TBR and his office are committed to the College of Business earning AACSB accreditation. A tsunami of optimism and excitement has swept through the college and one sees faculty, staff, and leadership pulling together to make something special happen. The byword for the College of Business could very well be “carpe diem.”

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Student Features: Our Students Excel In and Out of the Classroom We are always proud when students make academic achievements that better their futures, but we also praise students who go beyond their education and succeed in their extracurricular activities. These athletes serve as examples of how athletic discipline and respect for education can coincide to create successful students. Chelsea Harris (pictured below) graduated from Austin Peay in Spring 2011 with her Bachelor of Business Administration. She graduated with a

Chelsea Harris

concentration in Management and directly entered the Master of Science in Management program upon graduation. Throughout her undergraduate career she excelled in her sport of choice, women’s golf. During her junior year, Chelsea won the Ohio Valley Conference Tournament and was named OVC Player of the Year. Chelsea is set to graduate from the MSM program in August. Recently Chelsea passed her PAT (Playing Ability Test) which means that she can start the certification process of the Ladies Professional Golf Association Teaching and Club Professional Division (LPGA T&CP). Chelsea is now considered a professional golfer and has begun her journey to become a “Class A” LPGA T&CP member. After training and testing, she will become “Class B” and after more training and testing she will receive her “Class A” status. Chelsea played in her first tournament this past July as a professional at the Tennessee Women’s Open. She is currently working at the LPGA T&CP as a development coordinator.

Greg Bachman

Greg Bachman (pictured top right) graduated this past May with his Bachelor of Business Administration. He graduated with a concentration in Marketing while playing baseball for the Austin Peay Governors. Greg was the OVC Tournament’s MVP and was chosen to the Eugene All-Region team. He led the Governors in the postseason with a .538 batting average in the OVC and NCAA Tournaments with 21 hits. This included three doubles and a home run. Greg was named to the CollegeBaseballInsider.com All-American Team.

Austin Peay Olympians Two of Austin Peay College of Business’ brightest students have represented our university and their home country of Columbian in the London 2012 Olympics. Tatiana and Natalia Ariza are juniors in our College of Business. Tatiana is majoring in business with a concentration in international management, while Natalia is working toward a concentration in marketing. The Columbia natives are believed to be the first APSU student athletes

to participate in the Olympics. The women’s soccer tournaments run from July 25th through August 9th. Congratulations to both of our dedicated student-athletes!

Natalia and Tatiana Ariza

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Summer Welcome

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The College of Business Becomes Part of Freshman Orientation for the First Time The College of Business is now an integral part of Freshman Orientation at Austin Peay State University, and every incoming freshman business major had the opportunity to attend the event. At the orientation for the College of Busi-

ness, Matthew Kilpatrick, a member of the Advising Center’s staff, and Dean Rupp presented the Business Department to many of the incoming freshman business majors. Approximately 80 students attended the orientation, and students were introduced to the advisors and the chair of accounting, finance and economics, Dr. Susan Cockrell. Kilpatrick went over program concentrations and general BBA requirements with the students. A highlight of the orientation was Dean Rupp leading the students in an ethical pledge. The dean and the students swore, “I promise to hold firm allegiance to Austin Peay State University and the College of Business while striving to achieve academic excellence.” The College of Business reached out to the program director of summer welcome to become a part of Freshman Orientation, and was the first college or department to do so. Other departments soon followed in the College of Business’ footsteps to welcome their own respective students to their departments.

Summer Welcome 2012

Blended Learning: Faculty and staff are continuously searching for ways to help students learn. Some of the current methods are doing a fine job of helping students learn, but there is research that shows a relatively new “modality” known as blended learning is producing better student outcomes. Blended learning takes the best of online and the best of on ground instruction and uses one to support the other - that is - on ground courses can be enhanced through online and online can be enhanced through on ground. In the model we will be using, students will be able to move between the two. This may be a bit confusing at first but the flexibility for the student increases significantly and research concludes that self-selection of modality will increase student engagement, satisfaction, and success. This last week Drs. Pearson, Holt, Nyonna, and Damron

attended a conference in Orlando to ask the question, “How can we bring blended learning to Austin Peay’s College of Business.” We met for two days and discussed the possibilities. We will introduce our first blended learning class this fall. We will be surveying students to discover how things are going and how we might improve. A couple of factoids we took away from the conference is: 1) there are over 40 different modes of blended learning and they all work better than online or on ground methods alone and 2) online students with a GPA less than 2.2 have a very significant failure rate. We believe that blended learning is one more tool to help us meet the needs of our students.

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Kimbrough Building The Kimbrough building houses the College of Business, and the department has enhanced the building in many ways. Gentry Auditorium is the pride of the department, but across the building many other improvements have been made. The front of the building has been completely remodeled. In the downstairs lobby, students can now hang out between classes at the internet bar. The lobby has new lighting, floors and paint. Message boards have been installed throughout the building with important updates for all the students. All of the faculty offices are being redone. Also, a new advising center and computer lab has been constructed to benefit our students.

Our Students Matter

Gentry Auditorium

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“I would definitely study abroad again without hesitation and I highly recommend for students to study abroad at least once while they are in undergrad.�

s e o G x e n Al o d n o L to Buckingham Palace

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Alex Silkowski, a marketing graduate from Austin Peay, studied abroad in London, England almost four years ago, but the impact of the experience lingers. This winter, the Austin Peay College of Business will be offering courses through a study abroad trip to the city that Silkowski fondly remembers. Silkowski took an upper division marketing course, focusing on how the United States and England differed in marketing and advertising style. He visited many different marketing and advertising agencies while in London. Regarding his reasoning for studying abroad, Silkowski remarked, “I love to travel and I have always wanted to visit England because I am fascinated with learning about different cultures. The course that was offered was directly related to my concentration so I thought this would be a perfect opportunity to get to trave while learning at the same time.” The two weeks that Silkowski spent in London allowed for many amazing adventures, such as visiting Big Ben, the Tower of London, London Bridge, Parliament, and Stonehenge. “I would say the best experience I had was getting to make new friends with students from different universities all around the country while experiencing the culture first hand and getting to see all of England’s historic landmarks,” Silkowski said. In the winter term, several business students will have the opportunity to experience London as Silkowski did, and will ring in the New Year abroad.

Stonehenge

Tower of London

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Faculty Feature: Dr. Steven Anderson 1. How long have you worked at Austin Peay? On and off since 1976. This year marks my 37th year in teaching. This also makes me older than St. Louis. 1976-1978: APSU 1978-1980: Mississippi State University 1980 - 1983: Appalachian State University (North Carolina) 1983 - present: APSU 2. Why did you decide to become a professor? Was teaching your first choice? Teaching was not my first choice, or even on my radar screen. I had accepted a job in logistics with Motorola in Chicago and put a deposit on an apartment in September of 1976 when APSU called me for an interview.

I did the interview at my wife’s request (she wanted to leave the Chicago area). The interview went well and I was offered the position of Instructor in Businss Administration on a one year contract. I came home after my first day in class in September 1976 (APSU was on the quarter system back then) and told my wife I had finally figured out what I was and what I was supposed to do for a living. I was an educator. 3. What is your favorite course to teach? My favorite and most important class is MKT 3010 (Marketing Principles) because it is the only marketing class the majority of business students will take. It is the “front door” of marketing and it is important for me to kick that Market-

Dr. Steven Anderson (right)

ing door as wide open as I possibly can. 4. Are you working on any outside research? I am presently working on a paper dealing with the synthesis of TQM and CRM into a revised Marketing Concept Model. 5. What is your most memorable moment at Austin Peay? My most memorable moment at APSU was being elected Faculty Senate President in 1995. It was a distinct honor, a tough administrative year, and I probably learned more about myself, APSU, and my colleagues that year than in any other academic year.

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Impact Awards The College of Business is proud to present the winners for the 20112012 Impact Award for Individuals. The Impact Award honors exceptional students, faculty and staff who have a special and significant impact on the Austin Peay campus community, and two of the eight recipients of Austin Peay State University were from the College of Business. Both Dean William Rupp and Dr. Neil Dortch received this remarkable honor. Dean Rupp was the only person from administration to receive this award. The student who nominated Dean Rupp made these comments regarding the dean: “I believe that while most of the activities conducted by Dean Rupp are contained within his job description, the feelings he fosters in the College of Business community go far beyond what his paycheck provides. He is the ONLY reason that I have stayed at this school. He hopes to make changes one student at a time, and if just one

change is important, it can be seen within me.” Dr. Dortch was nominated because he, “serves as a mentor who genuinely cares about their individual success as

well as the success of the organization. Not only does he help members during meetings, but he also is open for all students.”

Dean Rupp and Dr. Dortch accept Impact Award

New Department Chairs We welcome two new department chairs to the College of Business. With the addition of these chairs, the leadership of the College of Business is strengthened. Dr. Susan Cockrell was recently awarded the position of chair to the Accounting, Finance, and Economics Department at the APSU College of Business. This position is Dr. Cockrell’s second stint at APSU; she taught here as an associate professor from 20002005. She most recently comes to us from the University of Birmingham - Southern College, where she taught from 2007 until 2011. Dr. Cockrell received her Ph.D. in Accounting from the University of Alabama in 1993. Both her

Master of Administrative Science and Bachelor of Science in Business Administration were received at the University of Alabama in Huntsville (in 1985 and 1984). She became a CPA in 2001. Dr. Kenny Holt is our new chair of Management, Marketing, and General Business within the College of Business. Dr. Holt has taught at Union University in Jackson, Tennessee, and has taught courses in China and France as a visiting professor. He received his Ph.D. in Management with a concentration in Organizational Behavior and a minor in Strategic Management in 2010 from the University of Memphis. Dr. Holt received his Master of Science in Economics in 1985 from LSU and his Bachelor of

Science from Union University in 1983. Dr. Holt has a history of community involvement including a stint as city council representative in Jackson, TN.

Dr. Susan Cockrell (left) and Dr. Kenny Holt (below)

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Making Economics Come Alive

Reaching Out to the Community “Making Economics Come Alive” is a program at Austin Peay State University for middle Tennessee high school economic teachers, and the program features a John Stossel video and lesson series. The program was organized by the College of Business’ Dr. Dennis Pearson, the Federal Reserve Bank of Atlanta – Nashville Branch, and Middle Tennessee State University Center for Economic Education. “Making Economics Come Alive” used current events, videos drawn from Stossel’s news programs, and other related lessons to portray various macro- and micro- economic concepts in a way that will engage students. Topics covered in the session include:

economics of property rights, international trade, regulation and unintended consequences, public choice economics, and economic freedom. In addition, outside speakers were brought in to focus on key economic topics throughout the program. Participants were given a notebook of the printed MECL supplemental materials and an economics textbook for their own reference. The partnership between Austin Peay, MTSU Center for Economic Education, and the Federal Reserve Bank of Atlanta – Nashville Branch culminated in an exchange of ideas between educators and professionals ultimately benefiting the students of our community.

Economics at Austin Peay

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College of Business Your gift to Austin Peay is more appreciated than you know. I am more fortunate than I can even say to receive this money. I am working hard, and the scholarship I have received has been invaluable in keeping me in college and helping me pursue the goal of graduation. – Senior, Business Student

Giving Back EVERY dollar makes a difference! EVERY gift, no matter the size, counts as participation and directly impacts our students. EVERY donation is tax deductible to the full extent allowed by the law; supporting the world-class education of our students. EVERY investment to the Dean’s Fund for Excellence impacts the lives of future business leaders.

Ye

Yes, I want to support the College of Business Dean’s Fund for Excellence with my gift of:

( ) $100

( ) $250

Name: Address: Phone:

( ) $500

( ) $1,000

( ) $5,000

Spouse: City: Cell:

ST:

( ) Other

Zip:

E-mail:

*Make checks payable to APSU Foundation. To make a credit card payment, go to www.apsu.edu/giving. Be sure to designate your gift to the College of Business Dean’s Fund for Excellence. Thank you.

Austin Peay State University Foundation Attn: Susan Wilson PO Box 4417 Phone: 931.221.6357 Fax: 931.221.6289

Clarksville, TN 37044

E-mail: wilsonsr@apsu.edu

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Dean’s Ambassadors

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Bubbling Up to the Dean: Creating Seamless Networks for the Student Body A group of students selected from the College of Business represent Austin Peay State University and the business department as Dean’s Ambassadors. These students meet monthly to discuss issues within the College, but also to serve as a liaison between the College of Business student body and the Dean. The Dean’s Ambassadors follow a code of ethics which characterizes the best qualities of Austin Peay. The students are expected to conduct themselves in a professional manner at all times while promoting the mission of the College of Business. There are 10 Ambassador seats avail-

Dean’s Ambassadors able that represent the departments of the College of Business. These Ambassadors are responsible for hosting and promoting all professional events for

the College of Business. There are currently 10 Ambassadors representing the 1100 business students at Austin Peay.

Christine Bates Accounting

David Bosanko Economics

Ryan Givens Marketing

Chris Kelly Accounting

D’Mareo Majors Marketing

Kaitlin Neely Marketing

Kayla Rye Finance

Jane Stevens Marketing

Ashley White Management

Devan Wingert Accounting

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Student Organizations

Alpha Kappa Psi Fraternity: Submerging into Success Alpha Kappa Psi Fraternity, the Zeta Phi chapter in the southern region, was founded on May 22, 1965 at Austin Peay State University. The national headquarters are located in Indianapolis, Indiana. This organization is open to everyone, but it is geared toward professionalism. There are currently 33 active members in Alpha Kappa Psi, or AKPsi. AKPsi hosts professional events, and holds weekly structured meetings. Also, AKPsi participates in many service events, such as the annual MS Walk in Clarksville, TN. The Zeta Phi chapter has won chapter of the year for the region in 10-11 and 11-12. Currently, the chapter is preparing for rush, and anticipating a great turnout in new pledges. Last spring Dean Rupp and the Academic Advising Coordinator, Margaret Douglas, were inducted as honorary members. Recently, AKPsi received the Award of Achievement First Place Fraternity Standing. The fraternity earned this honor because they reached 100,000 ACR points. ACR, or Annual Chapter Reports, points are used to compare

AKPsi group picture

Alpha Kappa Psi wins Chapter of the Year chapters across the nation, and our chapter attained the maximum amount. AKPsi is recognized as the premier developer of principled business leaders. Service, integrity, brotherhood, knowledge, and unity are the core values of the fraternity, and the Zeta Phi chapter. There are two other student organizations housed within the College of Business: Institute of Management Accountants (IMA) and Sigma Beta Delta. Institute of Management Accountants (IMA) is an organization on campus that prepares accounting and finance majors to work in the business world. With more than 60,000 members nation-wide, IMA is a great resource for students. IMA’s national mission is to provide a forum for research, practice development, education, knowledge sharing, and the advocacy of the highest ethical and best business practices in management accounting and finance. This

organization is not limited to business majors. Sigma Beta Delta is an honor society for students in business, management, and administration. Members of Sigma Beta Delta are juniors and seniors with at least a 3.5 GPA. All members must be invited to join.

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Advising Center Expanding Resources for Students

In 2011, the College of Business embarked on a project that would not only benefit students, but also faculty members. With a high amount of undergraduate students came a high amount of advisees that were assigned to professors. In August 2011, Margaret Douglas was hired as the Academic Advising Coordinator and the Academic Advising Center was established under the instruction of Dean William Rupp. Douglas experienced the Bachelor of Business Administration program first-hand. She graduated from Austin Peay in December 2010 with a concentration in Accounting. The center started with the focus of retaining and graduating students and evolved into a fully functional advising system. Students were assigned to pro-

Margaret Douglas (‘10) (left) advising a student.

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Matthew Kilpatrick (‘10, ‘12) with a business student fessional advisors in order to give them an opportunity to meet with trained individuals with easier accessibility. Besides meeting with students, the academic advisors consistently evaluated and communicated with students to ensure that they were progressing toward graduation. In January 2012, Carlene Smith was brought on board as the program director and advisor for the Master of Science in Management (MSM) program, the College’s graduate degree. Smith has been given the task of growing the program and ensuring a high quality of education at the graduate level. Like Douglas, Smith advises students in the program that she completed. Recently, the Academic Advising Center moved upstairs into a renovated Kimbrough 213. In September 2012, Matthew Kilpatrick was hired as a second Academic Advisor. He also teaches the business sections of APSU 1000, a one-hour freshmen seminar and graduated in May, 2012 from the MPS program. Kilpatrick concentrated in Strategic Leadership. The Academic Advising Center currently serves over 1,000 students.

Carlene Smith(‘11) (left) advises a Master’s Candidate.

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Alumni Feature:

Aksana Mathieson: Rising Above

Aksana Mathieson is a recent graduate of Austin Peay, and one of the College of Business’ great success stories. Mathieson graduated May 4th, 2012 with a Bachelor’s of Business Administration, and is cur-

Aksana Mathieson

rently working with Stone, Rudolph and Henry, PLC in Clarksville, TN. Mathieson’s BBA has a concentration in Accounting and a minor in Finance. She learned of Stone, Rudolph and Henry from one of her many extracurricular activities here at Austin Peay. Mathieson was active in Institute of Management Accounts (IMA), and two honor societies: Tau Sigma and Phi Kappa Phi. Attending an IMA meeting led Mathieson to an opportunity to meet with Stone, Rudolph and Henry. Each year in the month of October, Austin Peay State University teams with Stone, Rudolph and Henry to have a meet and greet between students and the firm. This gathering facilitates great openings for students and last Octo-

ber, Mathieson and one other student earned the chance to intern for Stone, Rudolph and Henry. In January, Mathieson began her tax internship. At the end of tax season, she was offered a permanent position with the firm. Officially she is on the audit team, Mathieson works closely with tax and write-up. Her position allows her to gain coveted experience in all areas of the firm. According to Mathieson, Austin Peay’s courses certainly gave her a head start in the business world. Mathieson is excited to begin her career with Stone, Rudolph and Henry, and looks forward to the future. She is currently focusing on gaining as much experience as possible.

Dr. JF Burney Memorial Dr. JF Burney joined the faculty at Austin Peay State University in 1959 and retired in 1994. He enjoyed teaching throughout his career, and also served as Chair of the Department of Accounting and was Dean of the College of Business and Professional Programs for fifteen years. In 1987 Dr. Burney was awarded the Clarksville Cham-

Dr. Burney’s family surrounds memorial bench.

ber of Commerce Distinguished Faculty Award for Community Service, the second recipient of this prestigious award. In 1994, he was recognized by the Tennessee Higher Education Commission by receiving the state level award for Distinguished Community Service. Dr. Burney received his Bachelor’s degree from Austin Peay State University (in 1957), and his Masters (in 1966) and Ph. D. (in 1969) from the University of Alabama. He was an active member of Civitan International for 40 years, serving as an officer at all levels from the Clarksville Civitan Club, to the Valley District Civitan, and ultimately as President of Civitan International. A bench has been placed in his memory, by his family at the entrance to the Kimbrough building. Memorial contributions can be made to the Dr. J F Burney Scholarship Fund which provides a scholarship to an Austin Peay State University student.

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Advisory Board Tying Together College of Business Faculty, Students, Alumni and Community The Advisory Board of the Austin Peay College of Business is a key factor in the acquisition of AACSB accreditation. It will serve as a “sounding board” for present and proposed programs and activities of the College, as well as identifying opportunities for busi-

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6 1. Keri McInnis (‘95) Chairman. Pinnacle Finance Partners, Senior Vice President & Financial Advisor. 2. Rick Canady (‘73) Vice Chairman. Houston Eye Associates, Chief Executive Officer. 3. Jeff Edmondson (‘88) Secretary. Curb Records, Inc. Chief Financial Officer. 4. Michael Bailey (‘81) Unity Physician

ness students to enrich their education through internships, mentorships, and other learning-practical work experiences. In order to build important ties and connections between the College and the business community, the Advisory Board will assist in bringing business

executives into the classrooms and establish close contact with students and faculty in formal and informal settings. It will also be available to assist the Dean in the solicitation, cultivation, and stewardship of external support as well as the ongoing strategic planning process for the College.

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Partners, Inc. Founder, President & Chief Executive Officer. 5. Rob Bateman (‘87) Bateman & Bateman, PC, Partner Attorney. 6. Bill Beach, Beach Oil Company, Vice President. 7. Tom Henry (‘81, ‘87) Stone, Rudolph, & Henry, PLC, Managing Principal.

8. Ron Leath (‘89) American Express Global, Corporate Payments, Senior Manager. Business Development. 9. George Leavell (‘84) Wepfer Marine, Inc. Executive Vice President, Chief Operating Officer. 10. Nancy Northington (‘80) CPA, Private Consultant.

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11. Wilma Newton (‘73) Ascension Health, Vice President. 12. Brad O’Shoney (‘82) HRC Medical Center, Inc. Chief Financial Officer. 13. Bob Perry (‘69) Civic Bank & Trust President & Chief Executive Officer. 14. Tom Perry (‘73) Delta Dental of Tennessee, Senior Vice President & Chief

Financial Officer. 15. Michael K. Ross First Call Ambulance Co. President & Chief Executive Officer. 16. Gary Scott (‘72) Pinnacle Financial Partners, Director. 17. Arun Subhas (‘00) Ernst & Young, LLP Partner.

18. Michelle Toungette (‘97, ‘99) Baptist Hospital, Ascension Health Director. 19. Todd Williams (‘87) Ajax Turner Company, Executive Vice President. 20. Brad Withrow (‘88) Ernst & Young, LLP, Tax Partner, CPA & SE Area Director of State, Tax Services.

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Dreaming of Owning Your Own Business Entrepreneurship In the future, Austin Peay’s College of Business will have an Entrepreneurship Program for students. The mission of the program is “to develop creativity and critical thinking skills concurrent with a business knowledge base to set imagination free and create value.” “Great Ideas Developed Well” is the mantra of the Entrepreneurship Program, according to Dr. John Volker, the champion for the program. The program is intended to take the place of the General Business concentration. Entrepreneurship will gradually be phased into the College of Business, and the first courses will begin Fall 2013. If students graduate from Austin Peay in the Entrepreneurship concentration, those students will have the skill set to start their own business. Additionally, students will have the ability

to add value to an existing business through innovative thinking. A few topics that students will learn in the program include: all business models, entrepreneurship finance, venture marketing, and social entrepreneurship. An Entrepreneurship concentration will be more beneficial to students and the community, said Volker. The program is being designed to provide students with a dynamic entrepreneurship experience. One of the last courses students will take includes a course where students will actively interview and shadow an entrepreneur in the area. Currently in Tennessee, there is only one Entrepreneurship Program that is listed in the top 25. From 2010 to 2011, there was an increase of Entrepreneurship Programs at universities in the

United States. Volker would like for students in all areas of study to have the opportunity to take entrepreneurship courses, and his hope is that the Entrepreneurship Program will lead to students becoming more involved with undergraduate research in all areas of study.

“Entrepreneurship is the future of business in the United States.” - Dr. John Volker

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Senior Recognition Banquet The Sky’s The Limit The College of Business honors graduates at a Senior Recognition Dinner every term to recognize the student’s exceptional achievements. All Bachelors of Business Administration and Masters of Science in Management graduates are invited. Each student receives a lapel pin and a beautiful frame with a letter from the Dean inside. Faculty members present the frames to students, and all frames are paid for by the Advisory Board of the College of Business. It is our hope for future Senior Recognition Dinners that each student may bring two guests to the event. The Senior Recognition Dinner takes place the day before graduation of each term: Fall, Spring, and Summer. At the Senior Recognition Dinner there is a Keynote speaker, and all

Group Photo of the Senior Recognition Banquet faculty and staff are recognized along with the graduates. At the event, other awards were given to outstanding students. The Dean’s Scholar Award is given to all graduating seniors who scored in the 90th percentile an above on the Major Field Test. Also, Aksana Mathie-

son received the first Business Advisory Board Award of Excellence for outstanding merit. The dinner represents a final sendoff to all graduates, and a way for the College of Business to acknowledge all the senior’s great endeavors – now and in the future.

A Note From the Editor: I would like to begin by thanking Dean Rupp and all the College of Business for giving me the opportunity to create Austin Peay College of Business’ first magazine. I pestered most everyone in the building with incessant questions regarding how the COB operates, and what they are doing in the future. A huge thank you to everyone in the Advising Center and all the graduate assistants; they were an integral part in creating this magazine. Most photos in the magazine were taken by Sherri Devers, and I cannot thank her enough. Dr. Mickey Wadia provided the pictures for the study abroad article. Jake Lowary, in Student Publications, taught me how to use the program, and without him none of this would have happened. In short, this Sincerely, publication came to be because of a team, and I appreciate all the time and effort everyNatalie Deidiker one put in to finish on deadline.

Managing Editor

Top Row: (Left to Right) Abi Carr, Marcus Marotti, Kaitlyn Wood. Bottom Row: (Left to Right) Natalie Deidiker, and Randal Davenport, and Jessica Ryan.

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Faculty on Fire

Dr. Steven Anderson - (2012). “Business Literacy and Entrepreneurship: The Nice to Know and the Need to Know,” Business Journal for Entrepreneurs. (2011). “Storytelling: A Portal to Understanding Entrepreneurial Organizations,” Journal of Marketing Development and Competitiveness.

Dr. Kenny Holt - (2011). “Economic impact and implications of the tragedy in Japan,” SBU Graduate Gazette. (2011). “Culture-free or Culture-bound? A structuration approach to the impact of culture on institutions,” International Journal of Business, Humanities and Technology.

Dr. Roger Clark - (2011). “Revisiting Systemic Risk in the Modern Global Economy,” Oxford Journal.

Dr. Dong Nyonna - (2012). “The Relationship Between Economic Freedom, State Growth and Foreign Direct Investment in US States,” International Journal of Economics and Finance. (2012). “Simultaneous Determination of Insider Ownership and Leverage: The Case of Small Businesses,” Economics & Business Journal: Inquiries & Perspectives.

Dr. Susan Cockrell - (2012). “Financial Statement Quality: A Comparison of Small and Large Cities,” Journal of Interdisciplinary Business Studies. (2012). “From Debt to Career: Accounting Majors Burst Student Loan Bubble,” New Accountant. (2011). “Financial Reporting of Small Cities,” Ethics & Critical Thinking. (2011). “A Model of Municipal Disclosures Using Exploratory Factor Analysis,” Academy of Accounting and Financial Studies Journal. Dr. David Grimmett - (2011). “Optimizing the Quantity of Short Puts and/or Calls: Another Use for Integer Linear Programming,” Journal of Global Business Development.

Dr. Dennis Pearson - (2012). “The Relationship Between Economic Freedom, State Growth and Foreign Direct Investment in US States,” International Journal of Economics and Finance. (2012). “Efficacy of shaming penalties: Evidence from SEC football, 2012 Listed in Cabells,” Economics Bulletin.

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Dr. Michael Phillips - (2012). “Business Literacy and Entrepreneurship: The Nice to Know and the Need to Know,” Business Journal for Entrepreneurs. (2011). “Storytelling: A Portal to Understanding Entrepreneurial Organizations,” Journal of Marketing Development and Competitiveness. (2011). “Optimizing the Quantity of Short Puts and/or Calls: Another Use for Integer Linear Programming,” Journal of Global Business Development. Dr. Jerry Plummer - (2012). “High Frequency Broadcasters Consider Block and Spot Revenue Approaches along with Cost Containment Tactics to Improve Profitability,” ABRJ Academy of Business Research Journal. (2011). “How Economic Theory May Explain Frequency Collision Avoidance Behaviour Among High Frequency International Broadcasters,” Journal of Applied Business Research. Dr. William Rayburn - (2011). “Designing Incentive Systems To Enhance Faculty Qualifications,” The Journal of Academic Administration in Higher Education.

Dr. Hassan Said - (2012). “Liquidity Constraints and Asset Allocation,” Journal of Academy of Business and Economics. (2011). “Corporate Financial Reporting Complexity: Recommendations for Improvement,” Review of Business. Dr. John Volker - (2012). “Business Literacy and Entrepreneurship: The Nice to Know and the Need to Know,” Business Journal for Entrepreneurs. (2011). “Storytelling: A Portal to Understanding Entrepreneurial Organizations,” Journal of Marketing Development and Competitiveness. Niesha Wolfe - (2012). “From Debt to Career: Accounting Majors Burst Student Loan Bubble,” New Accountant. Dr. Xin Zhang - (2011). “Optimality conditions and solution methodology for parameter selection in DEA,” International Journal of Mathematics in Operational Research.

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Master of Science in Management at Austin Peay: •Convenient online courses. •Eight week terms. •Graduate in 12 - 24 months. •Exceptional business and leadership preparation for all students, regardless of prior business experience.


RECAPTURING Business