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Montana State University

College of Business


Annual Report

outstanding students faculty & programs Alumni & Friends Community involvement Honor roll of donors

National Board of Advisors Shavon Cape JWT Companies

Donald C. Larson Boeing

Susan J. Carstensen Consultant

Andrew S. Martzloff Bitterroot Capital Advisors

Bridget Cavanaugh Consultant

Paul Matteucci U.S. Venture Partners

Jim Edwards Mountain West Benefit Solutions

Sid Miner Consultant

Todd Eliason Rock Creek Associates

Michael Monaghan UBS Financial

Andrew Field, Inc.

John O’Donnell Tech Ranch

Alan Fuhrman Ambit BioScience

Scott Peterson Linthicum Corp.

David Hill KPMG, LLP

Kalli Ryti First Interstate Bank

Alan Kahn Entrepreneur

Kathy Sanchez Northwestern Mutual Financial Network

Susan King Consultant

Janice K. Whetstone Janice K. Whetstone, P.C.

Accounting Advisory Board

Scott Miller SJM Consulting

Steve Conrad Conrad Wildes Development Company

Morgan Scarr Junkermier, Clark, Campanella, Stevens, P.C.

Stefani Freese Anderson ZurMuehlen

Stacey Scott West Paw Designs

Shawn Harrison RightNow Technologies/Oracle

Tom Simkins Simkins-Hallins Lumber Co.

Jeremy Hauk Eide Bailly, LLP

Chris Smith BDO Seidman, LLP

Scott Holton Rudd & Company

Paul Tucci Moss Adams

Carlen Keaster Anderson ZurMuehlen

Shauna (Laden) Watson Air Lease Corp.

Jill Jarrett Benchmark Capital

Todd Williamson MorganStanley SmithBarney

Heather King FrontSide Analytics

Shelly Wong-Pinto InSite Vision, Inc.

Erica (Ricki) Lewis Expedia

Dawn Wrigg Rudd & Company

Administration & Staff Kregg Aytes Ph.D., Dean

Jackie Sather Director of Development

Susan Dana J.D., Associate Dean & Director of the Bracken Center

Audrey Lee Director of Communications & PR

Harry Benham Ph.D., Interim Associate Dean

Brenda Truman Assistant Director of Student Services

Linda Ward Assistant Director of the Bracken Center

Chris Lamb Ed.D, Assistant Dean

412 Reid Hall PO Box 173040 Bozeman, MT 59717-3040 We would like to thank the College of Business faculty and staff, as well as MSU’s University Communications, without whom this report would not be possible. Design for this Annual Report by Montana State University Publications and Graphics. Photographs provided by the College of Business, except where noted. Editorial assistance provided by Rilla Esbjornson and Lisa Daniels of the College of Business. The Printing of this Annual Report is Funded in Part by a grant from D.A. Davidson & Co.

Table of

contents 1 Meet the New Dean: Dr. Kregg Aytes 2 Sustainability and Flexibility High Priority for New CoB Building 4 College of Business Year in Review

Outstanding STUDENTS 7 Accounting Student Receives Scholarship for Awareness of Fraud 8 Students Studying Business Awarded Coveted Torley Service Award 9 Four CoB Seniors and Faculty Mentors Honored at 30th Annual Awards for Excellence 10 CoB Student Attends Intensive Three-Day Seminar with Seth Godin 11 Inducted Into Honor Society 12 CoB Student Combines Business and Passion to Fly Free 13 Three CoB Students Get Unique Glimpse of Venture Capitalism 14 MSU Alumna Encourages Students to Embrace Opportunities in Life 15 College of Business Students and Faculty Honors Announced 16 Unique Work/School Balance Leads to Reclaimed Lumber Business Passion 17 Advertising Class Awarded Best Single Ad at Regional Competition 17 Three CoB Students Honored at First Fall Commencement Celebration

37 Record Setting 11th Annual Classic Open Benefit Golf Tournament a Success 38 Five Businesses Honored at 2012 Montana Family Business Day 40 More than 200 Montana High School Students Visit MSU for Entrepreneur Day 41 Entreprentice Project Continues to Connect Students with Local Nonprofit Organizations 41 2012 Guest Speakers 42 Reaching Out to Small and Family Businesses Across the State in 10 Cities 43 2012 Internship Sponsoring Firms

Alumni & Friends 45 Optional Ways of Giving 46 MSU Alumni, Folkvords, Win 2012 Community Excellence Awards 47 MSU Grad Student Dives Into Video Game Economics 48 Bozeman Daily Chronicle’s 20 under 40: Spotlighting Top Young Business Professionals 49 More Than 100 Attendees Connect at Women’s Circle of Excellence Event 50 Internships Offer CoB Students a Wide Range of Experiences 52 CoB Alumnus Honors Father with Accounting Scholarship 53 Three MSU CoB Alumni Pass the Level III CFA Exam 54 2012 Graduating Student Profile 55 CoB 2012 International Exchange Students

Faculty & Programs

Honor Roll of Donors

19 Dramatic Changes at the College of Business 20 Upcycle Program Led by CoB Instructor and Students Gaining Ground 21 Bootstrap Montana Awards First Loan Under MSU Leadership 21 Accounting Professor Awarded Teaching Innovation Award 22 Faculty Updates 26 Bookmarks: Literature Published by CoB Faculty and Staff 28 Emphasizing Professionalism through the MPAc Workshop 29 New Faculty: Amber Raile 30 New Faculty: Jim Oakley 31 Professionally Preparing Our Students for Life After College 32 Two Entrepreneurs-In-Residence Share Valuable Business Experience 33 Fall Orser Speaker Addresses Crisis Management for Businesses

57 Honor Roll of Donors

Community Involvement 34 Montana High School Business Challenge Simulation Reaches Major Milestone 36 Six Accounting Students Travel to Alaska as Volunteer Tax Preparers

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from the dean It has been a busy year in the College of Business. I joined Montana State University on July 1, 2012, and quickly turned my attention to two major tasks: becoming part of the team working on the design of our new College of Business building, and getting to know the faculty and various members of the broader community as quickly as possible. After six months on the job, I am extremely optimistic and enthusiastic about the opportunities available to us. As you will see in the pages of this report, the various outreach activities described are helping us build relationships across campus and the business community. Additionally, the new building, images of which you will see in the pages that follow, will serve to transform the College of Business into an even more dynamic, interdisciplinary, and collaborative organization. One of the important roles of the College of Business is to help build a network of professionals whose members include our students, graduates, and practicing business professionals. That network can then serve as a resource to enhance the careers of its members and advance economic development in the state and region. You will see in this Annual Report the myriad activities we participated in this past year that help build that network. Some of them, such as our Family Business On the Road effort and Bootstrap Montana, are directly focused on economic development. Others, such as sending our accounting students to Alaska to participate in the Volunteer Income Tax Assistance (VITA) program, provide our students the opportunity to apply their skills and knowledge to help others. I am extremely fortunate to have arrived at a place that has had excellent leaders before me. Most recently, Susan Dana did a masterful job guiding the college as interim dean last year, and I am very pleased she is serving as one of our associate deans. I will strive hard to keep us on a positive trajectory, and am thrilled to have the opportunity to serve as dean of your Montana State University College of Business.

 Dr. Kregg Aytes Dean of the College of Business


Meet the New Dean:

Dr. Kregg Aytes Coming to Bozeman from Pocatello, ID, Kregg Aytes transitioned from interim dean at Idaho State University to dean of the College of Business (CoB) at Montana State University (MSU) in Bozeman on July 1, 2012. The CoB dean position opened when Dan Moshavi left to become dean of the School of Business and Leadership at Dominican University of California in San Rafael in the spring of 2011. Susan Dana, who did not apply for the permanent position, stepped in as interim dean until Aytes was chosen for the position after a national search. Tell us how it all started… Although I graduated from a fairly rural high school in southern Arizona, I lived in a variety of places when I was younger. My father worked for a drilling and mining equipment company, and we lived in Tripoli, Libya and Johannesburg, South Africa before moving to the Dallas area and then to Arizona. In Arizona, I became an avid tennis player, which allowed me to earn my way through some of my college years by teaching tennis for a local club and for the city of Tucson. I majored in management information systems at the University of Arizona because it allowed me to apply my love of working on technical problems with my desire to work collaboratively with others. It was a great choice for me that has helped me better understand the role that technology can have in solving business problems. Starting my career at IBM provided me with the opportunity to work with some extremely high quality people, from who I learned a tremendous amount about what it meant to be a professional. After about five years, though, I began to look for a career that would have an even more positive and lasting effect on people’s lives. That ultimately led me to a career in higher education. How did you get into university administration? When I started as an assistant professor, I never had any intention of going into administration. I suppose the common thread through my past university work experience is that I’ve always been interested in how to move the business college forward by collaborating with my colleagues, and I bring that same interest to my position here at MSU.

After being here for five months, what are the best things that have happened? Probably the most positive thing I’ve learned is the attraction the CoB has to a large number of highly accomplished business professionals. I have met many people, some who are our graduates, and some just members of the business community, that would like to work with us. That says a lot about the great reputation this college has earned—so many people want to be associated with us. Additionally, the opportunity to participate in the design of a new CoB building is a wonderful way to help define what we want our college to be. I didn’t realize all the tough decisions that go into such a design, or all the people that need to be involved. However, we’ve had a great group to work with, and the outcome is going to be a building that can transform the way we interact with our students. Could you please tell us what you would like to see happen at the CoB? I would love to see our students have even more opportunities to participate in what we call “experiential learning”—the application of concepts learned in the classroom to the real-world business problems students will face in their careers. We already have dozens of students each year working on projects for local businesses and non-profits, but we need to find ways to engage even more students in these experiences. We’re working on developing a student-run consulting organization and a support center for student-run businesses, both of which I expect will significantly increase the experiential learning opportunities for our students while simultaneously contributing to the economic development of Montana. In the long run, I want the CoB to become the school of choice for business students throughout the Intermountain West. We will continue to evolve our strategic plan so that we can better define our areas of expertise and strength in ways that match the needs of businesses in the region. What do you like to do in your spare time? Well, I haven’t had very much spare time since I arrived, but when I do, I tend to spend it outdoors. I’m an avid runner, hiker, cross-country skier, and tennis player. I also like to bike whenever I get the chance. If the weather’s just too bad to be out (and it has to be really bad), I love to read as well— particularly historical fiction and non-fiction.


Sustainability and Flexibility

high priority for new CoB building —Tracy Ellig, MSU Communications Montana State University (MSU) presented the design for its new College of Business building with its emphasis on sustainability, flexible classroom and work space, and natural light during a campus meeting on Tuesday, Oct. 9. “This is a very open building, both literally in terms of light and in terms of fostering collaboration between students, faculty, and members of the community. It is a building that is warm and welcoming to the entire state of Montana,” said Ben Lloyd, principal with Comma-Q Architecture of Bozeman, who worked on the design with Hennebery Eddy Architects of Portland, Ore. A two-storytall glass map of Montana at the building’s main entrance will greet visitors and emphasize its place in the state. The map will be illuminated at night, making it glow as a beacon to the main entry of the building. “It will be a spectacular way for everyone to remember this building and its importance to the state,” said Tim Eddy, principal with Hennebery Eddy Architects. Nearly the entire south side of the 45,000-square-foot building is covered in windows, letting the classrooms and meeting spaces behind them fill with natural light. Additionally, a large central skylight will brighten a student meeting space on the third floor. “This will be unlike any other building on campus,” Eddy said. “The biggest difference is that its design is rooted in the desire to make the building a place where students, faculty, and professionals from the community can collaborate.” The most striking example of that collaboration space will be an open forum on the first floor with a hearth and with wall-sized windows that can slide open to incorporate the use of an adjacent VIEW FROM SOUTHWEST










































plaza. The forum is designed to serve both as a gathering and study area for students, but can also be easily arranged to handle presentations, lectures, exhibitions, and job fairs. “The forum will be the most significant, flexible interior space of any academic building on campus,” Eddy said. “This will be a very striking space that everyone will want to use.” There will be other collaboration spaces throughout the building of various sizes, including a lab where students from business, arts and architecture, engineering, and other disciplines can collaborate with each other and members of the community on the full arc of a business idea. “We really focused on designing the building with as many smart spaces as possible­—those spaces that can have many uses and can flow into one another and be flexibly adapted to the needs of the college, campus, and community,” Lloyd said. “The new building will make our faculty and student services staff much more visible and available to students,” said Kregg Aytes, dean of the College of Business. “There will be no more wandering the dark halls of Reid Hall trying to find an office tucked in the corner somewhere. There will be many more opportunities for informal interactions between students and faculty with this design.” The $18 million building is being made possible by a $25 million gift from Jabs, a 1952 graduate of Montana State College, a Lodge Grass native, and president and CEO of American Furniture Warehouse based in Denver, one of the top retail furniture companies in the U.S. and one of the largest privately held businesses in Colorado. The rest of Jabs’s gift will be used to support programs in the college.






















































CAFE 103





















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“The impact of Mr. Jabs’ gift continues to amaze me. Thanks to his generosity, we have had an opportunity to envision today the future of business education at MSU,” said MSU President Waded Cruzado. “He really wants warm, comfortable, welcoming spaces where students, faculty, staff, alums, and friends can gather and where students will learn without even knowing they are being taught.” The design of the building also aspires to achieve at least a Silver LEED certification. LEED stands for Leadership in Energy and Environmental Design. It is an internationally recognized green building certification program developed by the U.S. Green Building Council. “Having a building that is energy efficient and built to sustainable guidelines is very important to Mr. Jabs, but also to our students,” Cruzado said. “This building will incorporate some impressive design and technologies to meet those aspirations.” The building design will utilize the site to help with energy efficiency and help it fit in well with other, nearby buildings. Design features will include: • Orienting the building to get the greatest benefit from the sun during the winter months and minimize how much the sun heats the building in the summer. • Utilizing geothermal heat exchangers to cool the building in the summer and help heat it in the winter. • Utilizing night air to cool the building before business hours during the warmer months. • Installing smart controls for lighting, heating, cooling, water usage, and other mechanical systems to reduce the amount of energy used. • Extensive use of windows to allow daylight for the comfort of occupants and to reduce the amount of energy needed for interior lights. • Blending the building with the site by including large patio doors that open to the outside. • Limiting light pollution caused by the building with light fixtures that control the amount of light “spill” in order to help maintain a dark night sky. Artificial lights will be used outside only where needed. • Using native plants and other low-water vegetation. • Providing a portion of the building’s energy from solar panels or other renewable sources. • Constructing the building with a high portion of materials with recycled content. • Incorporating building materials that are from the Northern Rocky Mountain region.

The building’s annual carbon footprint is expected to be roughly 34 percent less, or 123 metric tons, than an equivalent amount of space in the College of Businesses’ current home, Reid Hall, said Walt Banziger, director of Facilities, Planning, Design, and Construction at MSU. “This may be the most energy efficient building on campus when done,” Banziger said. The architecture team and university staff have been meeting students, faculty, staff and community members since January to select the building site, determine the concept of the building, its look, opportunities for sustainable design and technology, meeting the goals of the campus Landscape Master Plan, and ways to limit the impacts to nearby trees. The building’s location, north of Wilson Hall, supports a goal of the university’s Long The impact of Mr. Jabs’ gift Range Campus continues to amaze me. Development Plan Thanks to his generosity, we to keep academic buildings within easy have had an opportunity to walking distance envision today the future of of each other. The business education at MSU. location has the – MSU President Waded Cruzado added benefit of being within one block of nearly 1,400 students living in neighboring residence halls. “We think it’s a wise use of space to have a dense, pedestrian-friendly core of academic buildings as opposed to new construction on the edge of campus,” Banziger said. After President Cruzado gives final approval for the design, the university will seek approval from the 2013 Legislature to proceed with construction. Once ground is broken next spring, the building could be open in the spring of 2015. In addition to Comma-Q Architecture and Hennebery Eddy Architects, Dick Anderson Construction’s Bozeman office is also part of the project’s design and construction team. With roughly 1,200 students, the MSU College of Business offers undergraduate programs in accounting, finance, management, and marketing, as well as minors in accounting, business administration, entrepreneurship and small business management, finance, international business, and the management of information technology. The college also offers a master’s of professional accountancy degree designed to prepare students for professional careers in the field of accounting.


Montana State University

College of Business


—— Commencement —— Graduation Celebration —— Jake Jabs received

—— F. William Brown is


awarded a sabbatical for academic year 2012/2013 —— Family Business Program, On the Road series at

—— Big 3+1 Spring Orientation —— ACCOUNTING students

Business Days at the

travelled to Alaska


through VITA program

—— CoB forms partnership

—— students visited

with Gianforte Family Foundation to administer Bootstrap Montana


American Furniture

presentED social media workshops —— Bonita Peterson Kramer awarded teaching innovation award




—— Mike Gold


January February March April May June

BGS Induction ——


Scholarship Banquet —— Women’s Circle of Excellence —— Awards for Excellence – 4 students and —— their mentors Jodie Kunesh, accounting student, —— awarded MSU top community involvement award MSU VITA prepared taxes Feb to April —— Spring Entrepreneur-in-Residence: —— Steve Trautman

Conference Beer Country documentary —— premiere Molly Zander, accounting —— student, awarded national fraud awareness scholarship CoB students participated in —— Summit on Sustainability and the Environment New CoB building site chosen —— Advertising Class regional —— presentation in Boise

Craig Ehlert —— appointed Examiner for 2012 Malcolm Baldrige National Quality Award



—— Former U.S. Secretary of State Dr. Condoleezza Rice GAVE Freshman Convocation address —— Meet the Accounting Recruiters —— Golf Tournament —— Family Business Day —— Alumnus Todd Eliason received Blue & Gold Award

—— Entrepreneur Day —— Fall Orser Executive Speakers Forum: Richard Broome

—— Dean Kregg Aytes Became Dean —— Paul Quigley, management student, attended three-day seminar with Seth Godin in NY

july august september october november december

Meet the Business —— Recruiters Freshman Re-Orientation ——

Fall CoB Commencement —— Celebration MSU Fall Commencement ——

Fall Entrepreneur-in- —— MPAc —— Professionalism Workshop

Residence: Greg Ruff Mike Reilly and Craig Ehlert —— spoke at Compete Smart Manufacturing Conference The White House Project ——


6 Title




Accounting Student Receives Scholarship

for Awareness of Fraud The Association of Certified Fraud Examiners (ACFE) awards 30 U.S. and international student scholarships each year. College of Business (CoB) student Molly Zander will receive a $2,500 RitchieJennings Memorial Scholarship, based on her overall academic achievements and her essay explaining her awareness of how fraud may affect her career. She will appear in an issue of Fraud, the magazine of the ACFE and be given a one-year ACFE Student Membership. Zander, a senior from Great Falls, was one of four students to receive a $2,500 scholarship. One $10,000 scholarship, two $5,000 scholarships, and 23 $1,000 scholarships were also given. Approximately 300 national and international students competed for the awards. The list of scholarship winners and more information about the scholarship are listed on the ACFE website. Bonita Kramer, CoB professor of accounting, encouraged Zander to apply for the scholarship after instructing her in ACTG 328 (Intermediate Financial Accounting & Reporting II) and Zander is currently a student in her ACTG 521 (Advanced Auditing) class. Kramer also wrote one of Zander’s recommendation letters. Kramer was thrilled that Molly received one of the higher amount scholarships. “She is absolutely outstanding in so many aspects that I knew she would be a competitive candidate for one of these scholarships, so I visited with her last fall and told her about this opportunity and encouraged her to apply. She needed a few letters of recommendation and asked me to write one, which I was happy to do.” Students from the CoB who received $1,000 Ritchie-Jennings Memorial Scholarships in previous years include Jennifer Hill (2002-2003), Erin Mohr (2003-2004) and Joey Ottoy (2008-2009), Sophie Mumford (2010-2011). The ACFE is an anti-fraud organization that works to reduce business fraud worldwide and inspire public confidence in the integrity and objectivity within the profession. For more information, go to www.

Molly Zander



Students Studying Business Awarded

Coveted Torley Service Award Seven Montana State University (MSU) seniors have won the 2012 Torlief Aasheim Community Involvement Award, the university’s top honor for student service. The award recognizes a senior student from each college at MSU who, in addition to excelling academically, volunteers on campus and in the community. The award was named for the late MSU alumnus Torlief “Torley” Aasheim. Two of the winners are studying business—one with an accounting option, one with an entrepreneurship and small business management minor.

Jodie Kunesh

Erin Swietnicki

Jodie Kunesh, a College of Business (CoB) accounting major, has served as the MSU chapter president of Beta Gamma Sigma, the national scholastic honor society for business students, and as the MSU chapter treasurer of Beta Alpha Psi, a national organization for financial information professionals. She has also served as an accounting graduate teaching assistant, acting as a tutor for undergraduate accounting students, and has assisted with CoB events like the Executive’s Closet. In her spare time, she has volunteered as a CAP mentor. Kunesh was a member of the CoB’s Volunteer Income Tax Assistance (VITA) Program which serves lower-income MSU employees, students, and local community members. As an extension of this program, Kunesh traveled to Alaska with five other accounting students over spring break 2012, helping prepare taxes for a combined 430 native villagers.

Art major Erin Swietnicki, who is pursuing the CoB’s entrepreneurship and small business management minor, has served as president of the Smith’s Metals Guild at MSU for three years. She has organized student jewelry sales and workshops with several visiting metal smiths, and has successfully applied for the guild’s entry to the Missoula Made Fair. For the “Entreprentice” project in BMGT 463— her senior entrepreneurship course—her student group came up with an innovative idea to craft silver bracelets as a fundraiser for Haven, the local domestic violence shelter. Swietnicki priced out the products and crafted all of the silver circles for the bracelets. The idea was a great success— the group received orders from as far away as New York. Swietnicki also teaches ballet and performs with the Yellowstone Ballet Company.

Other award recipients are Dema Alniemi, Sarah Balian, Jamie Diehl, Megan Podolinsky, and Joseph Thiel. To view a slideshow of the award winners, visit: php?article=10884.


Four CoB Seniors and Faculty Mentors Honored at

30th Annual Awards for Excellence The Montana State University (MSU) Alumni Association and the Bozeman Chamber of Commerce recognized forty top MSU seniors and their faculty or staff mentors including four College of Business (CoB) students and faculty mentors on Tuesday, February 21, 2012. Student winners were nominated by faculty in their college or department and chosen by an award selection committee. Honorees are of senior standing and maintained a minimum 3.5 grade point average on a 4.0 scale. They all have an exemplary record of campus and community activities, involvement, and service. The student honorees each selected a faculty or staff member who had been most inspirational and influential in their development at MSU. Excerpts from their nominations are included below. The CoB students and mentors who were honored at the banquet were: Kaitlyn Ash, accounting & finance, Bozeman, MT/ Angela Woodland “Kaitlyn Ash is one of those wonderfully unexpected people one rarely encounters…in fact she is also an eight-time amateur karate champion. That accountant/karate champion combination is hard to find! Kaitlyn’s combination of characteristics makes her a person one wants to be around and a person likely to achieve amazing success” –Angela Woodland “Angela Woodland is a knowledgeable and fun professor who truly cares about her students…I admire Dr. Woodland’s dedication to her work and to her students.” –Kaitlyn Ash Jodie Kunesh, accounting, Chetek, WI / Marc Giullian “Jodie Kunesh can be described by two words: tireless and enthusiastic…I do not know how she can do so much and do it all so well!” – Marc Giullian “His door is always open …Marc is very patient. If I didn’t get something the first time, he would look for a different way to explain until the concept was understood.” –Jodie Kunesh Carl Nystuen, finance, Lakeside, MT / Dave Foster “Carl Nystuen thrives on challenge! …he has completed this challenging academic schedule [three majors and one minor] while excelling as a

Left-Right: (back) Susan Dana, Jodie Kunesh, Marc Giullian, Dave Foster (front) Angela Woodland, Kaitlyn Ash, Molly Zander, Carl Nystuen

student athlete in track and cross country, while also actively and continually engaged in a number of high profile campus groups and activities.” –Dave Foster “…Dave’s door was always open for guidance or a friendly conversation, making me feel like I had strong support in the College of Business. I also had the pleasure of learning the fundamentals of international marketing and leadership through Dave’s impeccable teaching styles.” – Carl Nystuen Molly Zander, accounting, Great Falls, MT / Angela Woodland “She is a hard worker, dedicated, strong, determined, brave, and willing to take risks... she is of high integrity, strong character, and is extremely personable. I expect that Molly will be successful in all her pursuits and will make a real different in the profession of accounting.” – Angela Woodland “When I think about the type of person I want to be, I think of Dr. Woodland. She exudes confidence, professionalism, success, inner-strength, and a well-roundedness that I aspire to. Her standards and expectations in the classroom are high, which is refreshing and appreciated …outside of the classroom, she takes the time to listen, offer advice, encourage, and inspire her students to do more than they ever though possible…” – Molly Zander


CoB Student Attends Intensive

Three-Day Seminar with Seth Godin

Paul Quigley

Paul Quigley, a senior double-majoring in business management and film, and who participated in the College of Business (CoB)’s Professional Coaching Clinic (PCC) course, applied and was accepted into an intensive seminar for college students given by bestselling author and entrepreneur Seth Godin, in New York. Twenty students were invited to participate between July 30 and August 1. Godin described this event as “perfect for full-time college students who are interested in pushing themselves, connecting with others on the same journey, and perhaps for those who are looking for a chance to see how much they can learn and do in 72 hours.” The application process was quick, but rigorous. Quigley played to his strengths and submitted a thoughtful one minute required video that can be viewed at: watch?v=G39WIdwchxk. Quigley had participated in the PCC with instructor Tammy Machowicz-Olsztyn, who connected him with this opportunity. Godin posted the seminar on his blog and Machowicz-Olsztyn, a subscriber, forwarded Quigley the link on a Tuesday, with the deadline that Friday. Quigley jumped at the opportunity. “I felt like it was an opportunity I needed to try for and believed I could do it,” he said. Godin describes “linchpins,” also the title of one of his books, as the people who “invent, lead (regardless of title), connect others, make things happen, and create order out of chaos. They figure out what to do when there’s no rulebook. They

delight and challenge their customers and peers. They love their work, pour their best selves into it, and turn each day into a kind of art.” Machowicz-Olsztyn described Quigley as embodying the definition of a linchpin and that he would be a great fit for the seminar. “Paul is an artist—not because he is a double-major in film and business—he is an artist in relationships and in making connection. People value connections and businesses grow and succeed by mastering this kind of art. Other attributes Paul shares with many of the students we coach in the PCC are that he is a forward thinker, a risk taker, and a contributor with great desire to create and produce value in the workplace,” Machowicz-Olsztyn said. Quigley described Godin as a very casual lecturer. The structure of the workshop began with an overview and conversations leading to project work. Godin had the students talk to him about ideas and or projects they would like to bring to fruition within the next six months. From those conversations with the students, he would interject lecture information as it pertained to the different topics at hand. Students developed hypothetical or real plans and presented them to the rest of the group. Each day, students spent about six hours with Godin and another four to ten hours working on their own time. All the students were able to speak with Godin oneon-one and network amongst themselves. “He has amazing knowledge, wisdom, and insight to the many complexities facing our world, yet he has a way of boiling them down to tangible levels that inspire hope and faith,” Quigley recalled. “Making a difference in this world starts with the individual.” Godin’s goals for the workshop were to help students understand basic storytelling, the realities of marketing online, the new economics of the connection economy, spreadsheet analysis, advanced communication and bootstrapping skills. In Godin’s words, “I think college is the perfect place to stop getting A’s and start making a ruckus, as it’s a lot harder to shift gears later. I know that it was a transformative moment in my career and I’d like to help share some of that thinking.” Quigley said he took a lot away from just three days. “I walked away believing that every moment in life provides opportunity, and that these moments are part of the process of creating my personal art—art defined as the use of gifts and passions towards the creation of something that is shared with others. I was inspired to consider personal fears, and take note Continued on p. 54


Inducted Into

Honor Society Each year, the top College of Business (CoB) students are initiated as members of the prestigious Beta Gamma Sigma (BGS) honor society. Seventeen students and one CoB faculty member were honored at the induction luncheon on Thursday, April 5, 2012 in the Strand Union Building on the Montana State University (MSU) campus. Only the top 10% of juniors and seniors and the top 20% of the graduate accounting students in the Masters in Professional Accountancy (MPAc) program are chosen as initiates. BGS, started in 1913, provides the highest recognition a business student anywhere in the world can receive in an accredited, Association to Advance Collegiate Schools of Business (AACSB), undergraduate or master’s program. The induction ceremony began with a welcome from Dr. Susan Dana, BGS advisor and then the 2011 BGS officers stepped up to the podium to tell the inductees about BGS and what it means to be a member. Ben Scott, vp of programs, gave the statement of “Beta” which means honor; Jodie Kunesh, president, gave the statement of “Gamma,” meaning Wisdom and Loretta Hemingway, vp of membership, talked about “Sigma,” meaning earnestness. The inductees then recited the BGS pledge, received their certificates and were inducted as the newest group of BGS members. The ceremony continued with the presentation of the Beta Gamma Sigma Professor of the Year Award to Dr. Marc Giullian, CoB associate professor of accounting. Prior to coming to MSU in 2001, he served on the faculty of the University of LouisianaLafayette for six years and as acting Department head for one. Giullian currently teaches courses in financial accounting at both the undergraduate and graduate levels. He is a mentor to many of the

accounting students and has been award numerous teaching awards while at MSU. Giullian also serves as the coordinator for the accounting option. BGS also recognizes a chapter honoree each year. This year’s honoree was Scott Holton, CoB alumnus and partner in Rudd & Company, PPLC. Prior to joining Rudd & Company 2012 BGS INDUCTEES in 2004, Holton gained his Masters: Tera Goolsby, auditing experience from Mitchell Wallace, PricewaterhouseCoopers, LLP Samuel Widener*, in Portland, Oregon. He is a Kari Worum licensed CPA, a certified fraud Seniors: K  ristin Abhold, examiner, and a member of Christopher the Montana Society of CPAs. Armagost, Ryan Holton also serves on the CoB Bovy, Mingwei Chen, Accounting Advisory Council Ashley Kent, Hunter and is an active member in the Metcalf, Lynnea Bozeman Sunrise Rotary Club. Nelson Holton talked to the inductees about the BGS traits Juniors: G  rant Ganoom, and what they mean to him as Nethia Lavering, a professional, a CPA, and an Amanda Powell, Kaci employer. He followed up with Shea*, Alyssa Sipes, five important pieces of advice: Dmitry Trubachenkov · Get involved and stay * in absentia involved. · Be true to yourself. · Don’t forget to work hard. · Continue to recognize that not everything is “business” and that fun and friendships are equally important. · Be someone you want to work with. He left the attendees with a final quote from Thomas Jefferson, “I find that the harder I work, the more luck I seem to have.”

BGS Inductees


CoB Student Combines Business and Passion

to Fly Free Morena Garcia, a Bozeman native and a Montana State University (MSU) College of Business (CoB) senior, has been a silversmith ever since she took an art class that included silversmithing at Bozeman High School. She will also tell you that she has always wanted to be an entrepreneur. Her mother would agree because Garcia’s favorite saying growing up has been, “You’re not the boss of me!” Garcia started Fly Free Designs—a custom silversmith and jewelry company—while still in high school, but officially registered the business January 2012. Her other passion, being a pilot, inspired her business name, integrating this aspect of her personal story into her artistic pieces. Creating unique jewelry, Garcia views each piece as a message to her customers to “Fly Free,” and customers will often find words of encouragement and love in not-so-obvious places on the pieces. She also adds her personal touch to all the pieces by including a beautifully designed card that states “I just wanted to let you know how much your support really means to me, and that it is truly appreciated. You have helped me find my dreams. Thank you.” After she started her business, Garcia decided to enroll in the CoB, saying that pursuing a business degree has been very helpful for her because she’s needed those skills to run her business. She adds, “You do your own marketing; you are your own accountant. In an art-based industry, you need the business skills to be successful.” Studying business at MSU has also helped Garcia gain confidence in successfully running her business. The CoB’s emphasis on professionalism has helped her with all the subtleties of running a business, from customer service to networking and marketing her business to others. Garcia believes these skills will especially come in handy as she’s been accepted to participate in Art Fair Jackson Hole with a group of high-caliber artists this summer. Even though Fly Free Designs has a website, Garcia has opened a storefront on Bozeman’s Main Street and showcases many of her pieces in other stores downtown. She loves interacting with her customers. “Nothing compares to face-to-face communication and Fly Free earrings

Morena Garcia

interaction. When you sell directly to customers, and get to see their reactions, hear their feedback firsthand, that information is invaluable for strengthening your business.” As with all businesses, Garcia says there are challenges, but also great rewards. As an entrepreneur, she says, “It’s not certain. It’s not routine.” She says that owning a business is not like being in school, where you have homework and a syllabus that tells you what to expect. You also have to be dedicated to your business. She says, “You’re your own boss and maybe your boss wants to go to the river and go floating…and you have to be ‘no, no, no’.” On the other hand, Garcia says that she used to struggle with self-confidence and that with her jewelry she is able to present herself through her work. “To have your peers judge your work, something you have created, and be successful at it is the most amazing feeling that I can describe!” When asked what advice she would give other students following in her footsteps, Garcia says, “Look at your current state now and try and figure out who you are and then look ahead. It’s all about vision and the future. You can be existing now…but if you don’t think about where you’re going, you’re not going anywhere.” For more information about the small business and entrepreneurship minor program, please visit our website: index.htm.


Three CoB Students Get Unique Glimpse of

Venture Capitalism Three College of Business (CoB) students were able to rub elbows with venture capitalists and entrepreneurs in Big Sky for the Venture Capital in the Rockies (VCIR) Fall conference from September 26-28. More than 250 people were in attendance. Breeana Regan, Brad Penoyer, and Tom Langmo participated in the conference as volunteers and observers. The three students were responsible for directing and suiting up the presenters at the conference with their microphone which provided face-to-face interactions with a number of entrepreneurs and potential investors. John O’Donnell, Chair of the VCIR Fall planning team, described having the CoB students at the conference as a win-win situation. “Everyone at the conference, investors, sponsors, and most importantly the entrepreneurs who were pitching liked having students from the CoB in the audience because they are the work force and leaders of the future. We all enjoy the opportunity to give back and providing students with real world experiences and connections to help them with their transition to the business world.” O’Donnell said the decision to invite the students was an easy one and they added a lot to the overall tone of the conference. Langmo said that he took this opportunity to absorb every possible fact and nuance he could while volunteering. He was able to have numerous conversations with individuals regarding the current state of the economy and the venture capital market, which also gave him great insight into how a start-up entrepreneurial venture works. The students described this as an incredible experience for them. “I feel that this opportunity gave me a chance to get a rare glimpse into the world of venture capitalism. Not many undergraduate business students are able to watch entrepreneurs ask for millions of dollars to fund their idea. This only lit the fire inside me to pursue my own entrepreneurial venture,” Langmo recalled. Penoyer agreed, “The VCIR conference in Big Sky was an opportunity that business students would be hard pressed to find at Ivy League schools. Not only was it a great way to network with business people from around the region, but we got a small taste of applied finance in the entrepreneurial world. It was awesome seeing entrepreneurs pitch million dollar ideas to potential investors. They were constrained to just 7 minutes to impress upon the audience the value of their ideas and companies.”

Participating in the conference was such a unique learning opportunity for the CoB students. “One of the great things about exposing students to real business events like VCIR is to see how they transition from the beginning of the conference to the end,” O’Donnell observed. “In the beginning they are a bit nervous, uncertain about what is about to unfold and are generally passive observers. By the end they have opinions, are interacting with other attendees and most importantly have a spark about how they might leverage the experience into a new venture that may have only been a pipe dream earlier.” The CoB and TechRanch are proud of their longlasting, rich history of working together to provide students real world experience, while allowing startups access to future employees and pro bono research. The end result is a positive trade-off for everyone and a net positive for the community. VCIR is held twice a year and is the region’s oldest and best attended venture capital conference; The VCIR Fall conference was created in 2007. Past fall conferences have been in Idaho, Utah, New Mexico, and Arizona. These conferences showcase the region’s incredible entrepreneurial spirit as well as a quality of life, diversity in character, outdoor lifestyle, and cost of living. According to the VCIR website, www., these conferences have successfully raised more than $1 billion in funds for emerging growth companies over the past 20 years.

Breeana Regan, Brad Penoyer and Tom Langmo


MSU Alumna Encourages Students to

Embrace Opportunities in Life At the 2012 Scholarship Banquet, the College of Business (CoB) gave roughly 120 scholarships and awards for students majoring in business options for the 2012-2013 academic year. The scholarships, announced Monday, April 23, 2012 at the banquet, were provided through endowments and funds set up to specifically grant financial aid to students enrolled in the CoB. Around 250 people, including family and friends, attended the event. Dr. Kathleen “Kitty” Saylor, a 1983 Montana State University (MSU) graduate, was the keynote speaker for the event. She talked to the recipients about how there are multiple paths in life, giving examples from her own life and said life should be challenging and fun. She left the audience with two lessons to keep in mind regardless, of which path one takes in life: 1) You will never succeed by yourself. 2) The real measure of success is what you think you have done. If you would like more information about CoB scholarships, please contact Halina Rickman at or 406-994-4423.

Dr. Kathleen Saylor

Thank you to our generous donors and friends of the College of Business, with whom the following scholarships and awards would not have been possible: Jim Alderson Entrepreneur Scholarships Anderson ZurMuehlen & Co. Scholarship Armistead International Study Scholarships Beta Alpha Psi & MSU Accounting Scholarship Big Sky ACFE Scholarship Big Sky Western Bank Scholarship The Boeing Business Scholarship Mike Bowen Memorial Scholarship Gary K. Bracken International Study Gary K. Bracken Professionalism Award Gary K. Bracken Scholarships David and Tanya Cameron Scholarships Alfred L. Day Academic Excellence Award Donald Bullock Memorial Scholarships CoB Board of Advisors Scholarship Gil Crain Memorial Scholarship D.A. Davidson Scholarship Deloitte Scholarships Eide Bailly LLP Consultants/CPAs Scholarship American Bank/Carolyn Erickson Finance Scholarships Joseph Eve CPAs Scholarship Farmer Anderson Memorial Scholarship Friends of the Open Classic Golf Tournament Scholarships Galusha, Higgins, Galusha Scholarship Harrington’s Bottling Company Student Mentorship Award in Honor of Bob Arrotta

Russell B. Hart Memorial Scholarship Scott & Barbara Heck Scholarship J&H Office Supply Scholarship Jake Jabs Scholarships Junkermier, Clark, Campanella, Stevens (JCCS) Scholarship KPMG LLP Scholarships Howard Kelsey Scholarship Neil Klusmann Memorial Scholarship Alice Knowles Scholarships Harvey A. Larson Scholarship Montana Bankers Association 25 Year Club Scholarship Montana Society of CPAs Medallion Award Montana Society of CPAs Scholarship Elizabeth Seitz-Moyer Memorial Scholarships Parent Family Association Scholarships David W. and Dorothy E. Patterson Scholarships Harlan F. Patterson Scholarships Amy H. Pound Memorial Scholarship Frank Preston Scholarships Jeanne M. and Harold Roby Scholarship Grace Rosness Memorial Scholarship Robert Simkins Memorial Scholarship Jerry D. Trainer Scholarship US Bank Bozeman Scholarship Women’s Circle of Excellence Scholarship


College of Business Students and Faculty

Honors Announced Every year, the College of Business (CoB) recognizes students and faculty in the spring for their accomplishments throughout the year. Four students, one in each option, were awarded the Dean’s Award for Excellence during the graduation celebration on Friday, May 4, 2012. Award recipients were chosen by the faculty. · A  ccounting Option: Molly Zander · F  inance Option: Kaitlyn Ash · M  anagement Option: Jennifer Brien · M  arketing Option: Kristin Abhold The following special awards were announced during the spring CoB scholarship banquet which took place in April: · D  ean’s Award for Excellence (Master of Professional Accountancy Program [MPAc]): Loretta Hemingway · A  lfred L. Day Academic Excellence Award: Jennifer Brien and Molly Zander · Montana Society of CPAs Medallion Award: Jay Trotter · B  racken Professionalism Award: Katherine Snapp · H  arrington’s Bottling Company Student Mentorship Award in Honor of Bob Arrotta: Kevin Peterson This year, seven professors received honors, based on outstanding performances in teaching, research and service. Some of the awards, provided through endowment programs, give faculty members financial resources for scholarly and pedagogical development. Angela Woodland, assistant professor of accounting, received the Thomas Nopper Excellence in Teaching Award. This award is given annually to a faculty member who has made significant contributions to the teaching mission of the CoB and is bestowed at the discretion of the dean. This year’s recipient for the Joe and Sharlene Loendorf Excellence in Teaching Award was Gary Bishop, adjunct instructor of management. This award is also bestowed at the discretion of the dean.

Left-Right: Scott Bryant, Molly Zander, Kaitlyn Ash, Katherine Snapp, Jennifer Brien, Kristin Abhold

CoB colleagues selected the following faculty members for special performance recognition awards: · D  ean’s Award for Outstanding Performance in Teaching: Bonita Peterson Kramer, professor of accounting · D  ean’s Award for Outstanding Performance in Research: Gary Caton, associate professor of finance · D  ean’s Award for Outstanding Performance in Service: Frank Kerins, associate professor of finance Bruce Raymond, associate dean for administration and finance, was voted by his peers to receive the 2012 Code of Excellence Award. This award recognizes the recipient’s commitment and positive effect on the lives of all members of the CoB community. The CoB senior students voted on the most prestigious faculty award. They selected Scott Bryant, associate professor of management, to receive the Gary K. Bracken Student’s Choice for Excellence in Teaching.


Unique Work/School Balance Leads to

Reclaimed LUMBER Business Passion As an 18 year old from Minneapolis, B. Renick Ferguson started college at Montana State University (MSU) like many undergraduate students, with no idea what he wanted to be or do when he grew up. Ferguson began his college education as a cell biology and neuroscience major, taking core courses full-time for two years, before realizing he wasn’t on the right path. Since Ferguson was fifteen, he had jotted down several business plans, so he decided to take an introduction to business course, MGMT 102, through the College of Business (CoB). This course forever changed his path…

Brian Ferguson

BUILDING SKILLS While working on the home in Big Sky, Ferguson began taking classes to finish his business degree. As he started working full-time with Montana Reclaimed Lumber, working in their shipping and receiving department, and with inventory, he continued his business schooling part-time. Within a few months, Ferguson was put in charge of Hand Hewn Timbers, the company’s hand-carved barn beam division. Ferguson found that he had a passion for the reclaimed lumber industry and took a unique approach to increase his skill set to support this career path. Instead of taking classes in the order most traditional full-time students do, Ferguson chose the most helpful courses for his new job and took them first thing in the morning before going to work, maintaining a half-time student status. With all the business communications and e-mail he was writing at work, he took a business writing course first, and then a business software application course, since the company extensively utilized Excel. From there, he wove in the rest of his coursework.

TWISTS AND TURNS After two years of schooling, and before jumping into more business courses, Ferguson opted to take a semester-long course with the National Outdoor Leadership School (NOLS), which he describes INTERNATIONAL OPPORTUNITY as an incredible experience Since starting work at Montana Reclaimed combining leadership with wilderness survival skills. Lumber, Ferguson has had the itch to explore Along with a group of 14 other students, he spent 70 international opportunities, both for the company days backpacking and rock-climbing in the deserts and himself. International business has always been of Arizona and New Mexico, and sea kayaking in something he was interested in, and the prospect of Mexico. During this time, the group developed traveling the world in search of interesting old lumber leadership, group dynamics, and interpersonal skills. lit a fire in him. Prior to taking the NOLS course, Ferguson had With Ferguson’s unique work/school balance, applied for a job as a lift operator at Big Sky Resort; he thought he could never participate in a studythe company held a job for him until his return. abroad program because he did not have the financial During Ferguson’s time at Big Sky Resort, he met means or time to take leave from the company for many interesting people including a gentleman an entire semester. However, this summer he took who had been building advantage of a unique high-end custom homes If it were not for my education two-week study-abroad in Hollywood for 33 years. opportunity in Brescia, from MSU, I would never be Ferguson said, “He offered Italy on international where I am today. to make me his ‘apprentice’ business. With the – Brian Ferguson and taught me as much as assistance of the Linda possible over the duration Ward in the Bracken of the project.” He offered Ferguson a chance to be Center, Ferguson was able to get the process started. an assistant superintendent on a housing project in Harry Benham, the interim associate dean, suggested the Yellowstone Club, spurring on Ferguson’s interest he apply for a Bracken scholarship, which Ferguson in that industry. Building high end homes was not earned to help with the trip. for Ferguson, so he re-enrolled at MSU. From there While in Italy, Ferguson took full advantage of he worked remodeling the showroom for Montana the opportunity. In addition to the lessons he learned Reclaimed Lumber, which eventually led to a job from visiting businesses and participating in the with the company. Continued on page 54


Advertising Class Awarded Best Single Ad

at Regional Competition Eleven College of Business (CoB) and College of Arts & Architecture graphic design students teamed up for a year-long advertising course to compete in the regional National Student Advertising Competition (NSAC) in Boise, Idaho in April, 2012. Each year a corporate sponsor provides a case study that reflects a real world situation to challenge students. This year the students put together an integrated communications campaign for Nissan America. At the competition, the student team presented their extensive campaign strategy to a panel of judges that consists of professionals in the communications industry. The MSU team was honored with the “Best Single Ad” at the competition for their district consisting of Boise State University, Brigham Young University – Idaho, Idaho State University, Portland State University, University of Idaho, University of Oregon, and Washington State University. This ad was a part of the team’s integrated communications campaign for Nissan America

Left to Right: (Back) Mike Gold, Lynnea Nelson, Micah Roberson, Lena Haines*, Kyle Cremers, Andrew Duchesneau* (Front) BreAnna Huston*, Marinna Merkel, Leigh Enselman, Alexa Audet*, Barbara Kohring, Andrew Lockhart*, Mike Reilly *denotes graphic design students

Three CoB Students Honored at First Fall Commencement Celebration For the first time in more than 50 years, MSU recognized fall graduates during a December commencement ceremony on December 15 at Brick Breeden Fieldhouse. Around 800 MSU students graduated this fall, with many attending the morning ceremony. Fall College of Business (CoB) graduates were also honored in a separate CoB celebration ceremony the day before in the Strand Union Building on campus. Three CoB students were honored in front of family and friends:

Left to right: Ashley Kent, Tracie Colter, Christopher Armagost

· Christopher Armagost, Yardley, PA: Accounting · Tracie Colter, Columbus, MT: Marketing · Ashley Kent, Elliston, MT: Management, Entrepreneurship and Small Business Management

18 Title

Faculty &



Dramatic Changes

AT THE COLLEGE OF BUSINESS I could not be more excited about the dramatic changes at the College of Business (CoB) in 2012. Except for the departures of several long-standing faculty members (more on this below), these changes have already improved the College and presage more profound developments in the near future. As you have already read elsewhere in this Annual Report, Dr. Kregg Aytes began his tenure as the College’s dean in mid-year. Kregg has brought an exciting vision, optimism, and enthusiasm to the College, not to mention what appears to be an addiction to skate-skiing, biking, tennis, and whatever other outdoor activities he can squeeze into his long days. The College will benefit enormously from Kregg’s fresh perspective and boundless energy. We were also excited to have hired two new but experienced faculty members in Dr. James Oakley and Dr. Amber Raile. Jim, an Associate Susan Dana Professor of Marketing with a Ph.D. from Northwestern University, came to us via faculty positions at the University of North Carolina at Charlotte and Purdue University. He has already distinguished himself as a creative and proactive colleague who is much liked by students and faculty alike. Amber holds a Ph.D. in Communications from Michigan State University and taught at North Dakota State University for four years before joining us as an Assistant Professor and Director of the Business Communications Curriculum. Amber’s hire represents a true commitment by the College to improving students’ professional communication skills and she has already shown real leadership in developing the College’s communication curriculum. We were sad to say goodbye to several faculty members who among them represent 64 years of service to the College. Dr. Mike Reilly, Professor of Marketing, retired after 28 years at MSU, but is still in Bozeman, which allows us to enjoy his company every now and then. Dr. Bruce Raymond, long-time associate dean, left in July after 22 years at the College to become dean of the College of Business at Colorado State University-Pueblo. We miss him a great deal but are delighted that he was able to pursue this opportunity. Dave Foster, adjunct instructor at the College for 14 years, also retired but couldn’t stay away so taught again for the College in the fall before really retiring. We feel their absence but wish them all the best. As you will note in the following pages, not only have the College’s faculty been busy with their scholarship, teaching, and engagement, but they have found time to develop several new programs. Please take a little time to read about these new programs, including Bootstrap MT, a micro-loan program; the Entrepreneur-In-Residence program; and the Master of Professional Accountancy Professional Workshop, designed to help our graduate students prepare for the more subtle and challenging aspects of entering the professional world. Finally, students, faculty, staff, and administration have all been excited, if sometimes a little daunted, by the process of designing our new CoB building, courtesy of Jake Jabs. We have partnered with an extraordinary group of architects at Comma-Q in Bozeman and Henneberry Eddy in Portland, OR, as well as with a very impressive set of professionals at MSU’s Office of Facilities Planning, Design, and Construction, to develop plans for a building that will be unique on MSU’s campus in its focus on creating inviting student spaces. You can read more about the building earlier in this Annual Report, but I mention it here because the design process has been a terrific catalyst for examining what, why and how we do what we do at the College. Although we are nearing the end of the design phase for the building and plan on breaking ground in summer 2013, we are still deeply engaged in reviewing our programs and curriculum in light of the opportunities presented by our new building and the rest of Mr. Jabs’ gift. Please check next year’s Annual Report for an update on our innovative plans for taking full advantage of our opportunities and meeting our challenges head on. As always, do not hesitate to contact me if you have ideas or opportunities for our students and our College. We could not flourish as we have without your input and support.

Susan W. Dana Associate Dean for Academic Affairs


Upcycle Program Led by CoB Instructor and Students

Gaining Ground · Innovation: Providing the community novel ideas to recreate with everyday items, and captivating them towards a new way of thinking about their used belongings. · Resourcefulness: Demonstrating the options to change a lifestyle through education and conscientiousness. Filling the void by creating activities for the community that direct reusable items towards making the common uncommon.

(Left to Right): Mara Johnson, Jordan Thornton, Anna Hernandez, Barbara Kohring, Samantha Middlestead, Hannah Safford (Not pictured: Haley Schranck)

The Human Empowered Arts Project (HEAP Bozeman) is a non-profit dedicated to creative upcycling and environmental education. Founded by CoB instructor Anna Hernandez, who served as the executive director, the program was launched during the 2012 Gallatin Earth Celebration in Bozeman, MT with the help of six MSU students: Mara Johnson, Accounting; Barbara Kohring, marketing and management; Samantha Middlestead, marketing; Hannah Safford, Art and Art Education; Haley Schranck, Architecture; and Jordan Thornton, Visual Art. HEAP Bozeman’s mission is to empower the Bozeman community through its educational programs, and upcycle workshops, while inspiring the community to divert reusable items for the exploration of making the common uncommon. Programs supporting these goals include the Information Tank, which enables collaboration with local environmentally conscious organizations, and the HEAP Cooperative; a program dedicated to the campaign “Think Before You Toss” in partnership with local thrift, pawn, and consignment stores. HEAP Bozeman has five values that they champion: · C  ontribution: Promoting the donation of items for reuse, and the enjoyment of collaborative art and environmental projects. · C  reativity: Changing the perspectives that frame the beliefs of upcycling and reusability. · Inspiration: Fulfilling our goal to inspire the community through artistic and environmental expression.

After moving to Bozeman, Hernandez was fed up with the amount of trash she had to dispose of every week. “Having to see our own garbage, we became avid recyclers and up-cyclers. I want to share the benefits of thinking-before-you-toss by demonstrating it can be satisfying to create with what we already have, and making it convenient for others to change their habits.” Hernandez hopes to share this attitude with her students and Bozeman residents. HEAP has been gaining ground and has already made a splash at the Hawthorne Elementary Earth Day Celebration, and the Gallatin Earth Celebration both in April 2012, where they manned a display booth created with recycled materials to showcase items that are frequently overlooked and thrown away. With the hopes to have a larger visible project each year, HEAP is looking at participating in this summer’s 2012 Sweet Pea Festival. Other HEAP projects in the works includes organizing The Thrift Cooperative, which brings visibility to thrift store shopping and donating in conjunction with the start of the fall semester with hopes to curb waste while MSU students move back to campus and The Artist Cooperative, which would provide a place for creative minds to share project ideas, materials and display their artwork. For more information, visit You can also read about HEAP in Bozeman Magazine’s article “HEAP Bozeman Creatively Reducing Bozeman’s Waste” and through Montana State News, the website for MSU’s WRIT 373 News and PR Writing Class under “Group Introduces Locals to ‘Upcycling’”.


Bootstrap Montana Awards First Loan

Under MSU Leadership The first loan has been approved and awarded through the Bootstrap Montana program, now under MSU College of Bu siness (CoB) leadership. Peter Rubicam, director of Bootstrap Montana, said the loan was approved for Bear Mountain Design earlier this month and funds have been dispersed. The company originally applied for a loan in the summer, but the loan committee suggested some strategic changes and asked them to reapply. “A strong component of the Bootstrap Montana program is consultation in the process of the loan application. We work closely with applicants to ensure products and services are sound before awarding a loan,” Rubicam said. “Sometimes we end up encouraging them to apply as a client of the entrepreneurship consulting course if their marketing strategy, for example, needs some fine-tuning.” Since the CoB took over the management of the program from TechRanch, an average of one to two loan requests have been submitted each month. Rubicam expects the number of loan requests to increase as word spreads about the program. “We may not have a ton of money, but we do have money to lend out, so we encourage people to apply,” Rubicam stated. “Our ideal loan candidate will have in mind a project with potentially fast return on investment that is targeted at bringing in sales dollars from outside of Montana.” With such a great learning tool available to the CoB students, Rubicam is working with the Jake Jabs Center for Entrepreneurship to get students involved

in this other aspect of behind-the-scenes business. They hope to have students work with the loan committee and receive independent study credit, as well as have sections of the entrepreneurship courses both observe and participate in the loan process and company consultation. According to Jabs Center Executive Director Scott Bryant, “The Bootstrap program is great for our entrepreneurship students. They get to see firsthand what it takes to ask for funding. Students will also be able to assist companies with their applications—helping them with everything from their strategy to the final PowerPoint presentation. Everybody wins. The students gain valuable experience. The companies gain much needed help at no cost to them. And Bootstrap helps grow the Montana economy!” Bootstrap Montana is a joint program of the CoB and the Gianforte Family Foundation that provides interest-free loans to Montana entrepreneurs who sell their products or services outside the state. Since its inception, the Bootstrap Montana Loan Program has made 24 one-year, interest-free loans. Borrowers are Montana entrepreneurs who have used the funds to hire employees, attend trade shows, or undertake other initiatives. Small business owners who are interested in the program can learn more by visiting www. or contacting Rubicam at or (406) 994-6198.

Accounting Professor Awarded Teaching Innovation Award Bonita Peterson Kramer, professor of accounting, was awarded the American Accounting Association Forensic and Investigative Accounting Section Best Teaching Innovation Award in May for her case “Cardinal Wholesalers, Inc.: A Fraud Examination/Auditing Case Simulation,” co-authored with Tom Buckhoff of Georgia Southern University. The simulation is based on a true fraud case in North Dakota and provides students with insight as to why auditors could miss a $1.75 million fraud scheme for five years. This case is currently being used by educators in Australia, Canada and throughout the United States.



Updates Tim Alzheimer, M.S., associate teaching professor of finance, continues to coordinate and administer two business simulations in more than 70 junior high and high schools across the state for the Montana Council on Economic Education. These two simulation programs reach more than 2,500 students per year. He currently serves as vice-chairman of the Montana Community Finance Corporation, a non-profit organization that works with commercial banks in using the Small Business Administration to finance real estate loans for businesses across the state. Tim Alzheimer

Caroline Graham Austin

Laura Black

Virginia Bratton

F. William Brown

Caroline Graham Austin, Ph.D., assistant professor of marketing, was hired to work on the research project, “Branding of an Ecosystem-Wide Bear Safety Message,” which was funded by a grant from the National Park Service and administered by the Rocky Mountains Cooperative Ecosystem Studies Unit. Students Alexandra Kelsey and Barbara Kohring were involved in data collection, analysis and writing on this project, and Daniel Clem assisted with data collection. Austin worked with student Jeremiah Prummer on “B2C Messaging: Engage Your Customers;” Prummer received a grant to support this research from the MSU Undergraduate Scholars Program. Austin also worked with Jeff Linkenbach and Jay Otto (from the Center for Health and Safety Culture), and Sarah Keller (MSUBillings Department of Communication) to write “Using Social Media to Cultivate Positive Community Norms.” This paper will be published in May 2013 as a chapter in the book, Organizations and Social Networking: Utilizing Social CRM to Engage Consumers. She is currently serving as the Chair of the MSU Women’s Faculty Caucus (AY 2012-2014). Laura Black, Ph.D., associate professor of management, received the Women’s Faculty Caucus 2012 Distinguished Mentor Award. In June, she participated in the 2012 HERS (Higher Education Resources Services) at Bryn Mawr, a national summit for administrators and leaders in higher education. In July she traveled to Siegen, Germany, to discuss research projects with the FoKoS Innovation Research Group at the University of Siegen. While in Europe, she participated in the International System Dynamics Conference at St. Gallen, Switzerland, this year completing her three-year term as a member of the society’s Policy Council. In August she participated in the Academy of Management in Boston, where two of her papers were presented. A member of the 2011-2012 cohort in MSU’s Developing Excellence in Academic Leadership, in February she also presented to that group guidelines and tips for making meetings more effective. Laura was co-author of three articles published during the year: “Learning from our GWAS Mistakes: From Experimental Design to Scientific Method” in Biostatistics; “The Disconfirmatory Interview as a Strategy for the Assessment of System Dynamics Models” in the System Dynamics Review; and “Using Visual Representations as Boundary Objects to Resolve Conflict in Collaborative Model-Building” in Systems Research and Behavioral Science. Virginia Bratton, Ph.D., assistant professor of management, presented “The Mediating Role of Academic Honesty in the Relationship between Individual Factors and Business Ethics Perceptions in Students,” co-authored with C. Strittmatter, at the Western Academy of Management Conference in La Jolla, CA. Bill Brown, Ph.D., professor of management, published “Organizational Change and Development: The Efficacy of Transformational Leadership Training,” with D. R. May in the Journal of Development, 31 (6), 520-536; “Is Higher Better? Determinants and Comparisons of Performance on the Major Field Test-Business,” with A. BielinskaKwapisz and R. J. Semenik in the Journal of Education for Business, 87 (3), 1-11; “Interpreting Standardized Assessment Test Scores and Setting Performance Goals in the Context of Student Characteristics: The Case of the Major Field Test in Business,” with A. BielinskaKwapisz and R. J. Semenik in the Journal of Education for Business, 87 (3), 7-13; and “The Impact of Intellectual Heterogeneity on Academic Performance in Business Education” in


the Research in Higher Education Journal, 16, 1-15 with A. Bielinska-Kwapsiz. Brown also presented “The Major Field Test—Business Assessment of Learning: What We Know, What We Don’t” with A. Bielinska-Kwapsiz at the Global Business and International Management Conference in Portland, Oregon in August and “Software Applications Course as an Early Indicator of Academic Performance” with H. Benham and A. Bielinska-Kwapisz at the International Academy of Business and Public Administrations Disciplines (IABPAD) Conference in Las Vegas, Nevada in October. Scott Bryant, Ph.D., associate professor of management, published “A Knowledge-Based View of Improving the Physician-Patient Relationship,” with co-authors G. Lande and D. Moshavi in the Academy of Health Care Management Journal. 8: 9-20. He presented “LinkedIn Case: Motivating Millionaires,” co-authored with F. W. Brown at the Western Case Writers Conference/WAM in La Jolla, CA in March. Bryant taught an MSU Friday sample class on emotional intelligence and taught two new courses: MSEM501 in the new Professional Masters in Science and Engineering (PMSEM) program and ACTG 515 “Managing the Professional Services Firm” as part of the Masters in Professional Accountancy (MPAc) program. He was also the recipient of the 2012 Gary K. Bracken Excellence in Teaching Award, as voted upon by the graduating senior class. Gary Caton, Ph.D., associate professor of finance, presented his paper “Open Market Share Repurchase Programs and Corporate Governance: Revaluation and Company Performance”, coauthored with J. Goh, Y. Teik Lee, and S. Linn, at the Midwest Finance Association annual meeting in New Orleans. He also served as session chair at the same meeting. Caton’s paper titled “Spin-Offs and Operating Performance,” coauthored with J. Goh and F. Kerins, appeared in Corporate Ownership and Control 9. Anne Christensen, Ph.D., professor of accounting, presented “Is the Defining Issues Test the Right Instrument for Accounting Ethics Research?” with J. Cote and C.K. Latham at the American Accounting Association (AAA) Annual Meeting in August. She is currently serving as the director of the CoB Master of Professional Accountancy Program, the director of segments for the AAA Board of Directors and on the Editorial Review Board for Issues in Accounting Education. Christensen was also an ad hoc reviewer for the Journal of Legal Tax Research. She also presented “VITA Program Participation and Student Professionalism” with Angela Woodland at an MSU research workshop.

Scott Bryant

Gary Caton

Anne Christensen

Greg Durham

Greg Durham, Ph.D., associate professor of finance, served as a visiting instructor at the University of Melbourne this summer. He presented “The Statement of Cash Flows and the Cash Flow Identity: Their Common Origin,” at Aarhus University in Denmark; and “Point-Spread Wagering Markets’ Analogue to Realized Return in Financial Markets,” with M. Santhanakrishnan on the MSU campus; and “Do Stocks with Clever Ticker Symbols Attract Sentiment?”, with M. Santhanakrishnan at the Behavioral Decision Research in Management Conference at the University of Colorado in Boulder, CO. Craig Ehlert, M.A., teaching professor of management, was re-certified in 2012 by the American Society for Quality (ASQ) as a Manager of Quality and Organizational Excellence and served as proctor of the ASQ Certification Exam. He was also a workshop presenter at the Compete SMART Conference hosted by the Montana Manufacturing Extension Center. Ehlert was the MSU Mortar Board Professor of the Month, March 2012. Mike Gold, B.SC., assistant teaching professor of marketing, presented “Newspapers Fighting Back—Talking Back to the Gloom-and-Doom Crowd” with Pioneer Newspapers Inc. President and CEO Mike Gugliotto at the 127th Annual Inland Press Association conference in Chicago this October.

Craig Ehlert

Mike Gold


Faculty Updates, cont. Marc Giullian, Ph.D., associate professor of accounting, published Financial Accounting: Global Edition, McGraw-Hill Irwin, New York, NY, with D. G. Short, R. Libby and P.A. Libby. He just finished serving on the Membership Advisory Committee for the American Accounting Association. Marc Giullian

Frank Kerin

Bonita Peterson Kramer

Michael W. Kroff

Agnieszka BielinskaKwapisz

Richard Martell

Frank Kerins, Ph.D., associate professor of finance, published “Spin-Offs and Operating Performance,” with G. Caton and J. Goh in Corporate Ownership and Control 9(3). He was invited by Aarhus University in Denmark to teach entrepreneurial finance for the fifth consecutive summer. Kerins served on the CoB Dean Search Committee. He continues to serve on the new CoB Building Committee, is chairman of the MSU Benefits Committee, is a member of the MSU’s Inter Unit Benefits Committee, and has been a long-serving member of the CoB Assessment of Learning Committee. He is actively involved as the educational liaison to the Spokane CFA Society, promoting scholarship and educational opportunities for MSU students. He continues to serve as a consultant for a number of Montana-based entrepreneurial endeavors that have local, national, and international reach. Bonita Peterson Kramer, Ph.D., professor of accounting, published “Beware of False Profits,” in the May 2012 issue of the Institute of Management Accountants’ journal, Strategic Finance, with T. Buckhoff, of Georgia Southern University. She also presented “Cardinal Wholesalers, Inc.: A Fraud Examination/Auditing Case Simulation,” with co-author T. Buckhoff, at the Forensic Accounting Bootcamp: Best Pedagogical Practices for Teaching Forensic Accounting in a Classroom Setting for the American Accounting Association (AAA) Forensic & Investigative Accounting Section during the AAA annual meeting in Washington D.C. Kramer also continued to serve as a member of the editorial board of the Journal of Forensic Studies in Accounting and Business. Mike Kroff, Ph.D., associate professor of marketing, published “Unraveling Consumer Suspense: The Role of Hope, Fear, and Probability Fluctuations,” with J. A. Guidry and J. A. Garretson Folse, in the Journal of Business Research, 65(3), 340-346. He also presented “Choosing Between Working in the Oil Fields and Furthering Your Education: A Case Study Proposal for a Struggling Community College,” at the Intellectbase International Consortium in Las Vegas, NV. Agnieszka Bielinska-Kwapisz, Ph.D., visiting assistant professor of management, published three papers: “Published, not Perished, but Has Anybody Read it? Citation Success of Finance Research Articles,” in Applied Financial Economics, 22(20), 1679-1695 in October; and “Interpreting Standardized Asseessment Test Scores and Setting Performance Goals in the Context of Student Characteristics: The Case of The Major Field Test in Business,” with F. W. Brown and R. J. Semenik, in the Journal of Education for Business, 87(1), 7-13. She had another three articles accepted for publication. Kwapisz presented “The Major Field Test—Business Assessment of Learning: What We Know, What We Don’t” with F. W. Brown at the Global Business and International Management Conference in Portland, OR in August and “Software Applications Course as an Early Indicator of Academic Performance” with H. Benham and F. W. Brown at the International Academy of Business and Public Administrations Disciplines (IABPAD) Conference in Las Vegas, Nevada in October. In the spring, she served as an advisor for CoB student, Abigail Lair, who conducted research on the “Prices of Ski Lift Tickets” funded by the MSU Undergraduate Scholars Program grant. Kwapisz also received her Six Sigma Black Belt and Lean/DFSS Certifications and received the Distinguished Reviewer Award from the Entrepreneurship Division of the Academy of Management.


Richard F. Martell, Ph.D., visiting professor of management, published “From Bias to Exclusion: A Multilevel Emergent Theory of Gender Segregationin Organizations” in Research in Organizational Behavior with C.G. Emrich and J. Robison-Cox. Martell has been nominated for the position of editor for the Journal of Applied Psychology. He will continue to serve on the editorial board of the Journal of Applied Psychology.

James Oakley

James L. Oakley, Ph.D., associate professor of marketing, had two articles accepted for publication. “The Politics and Strategy of Industry Self-Regulation: The Pharmaceutical Industry’s Principles for Ethical Direct-To-Consumer Advertising as a Blocking Strategy,” co-authored with D. G. Arnold was accepted into the Journal of Health Politics, Policy, and Law and “In Advertising, A Double Negative Does Not Equal a Positive,” co-authored with J. W. Gressel and D.E. Carlston, was accepted into the Journal of Promotion Management. Brent Rosso, Ph.D., assistant professor of management, presented “Connecting Today with ‘Someday’”: Practical Ideas for Pro-Social and Relational Job Design in Management Education,” with J. Sims and K. H. Dekas at the Organizational Behavior Teaching Conference at Brock University, St. Catharines, Ontario, Canada. He also presented “Meanings of Creativity and Constraint: The role of Interpretation in the Impact of Constraint on Team Creativity,” at the Annual Meaning Meeting at Yale University in New Haven, CT. Rosso also served as an ad-hoc reviewer for Organizational Studies. Richard Semenik, Ph.D., professor emeritus of marketing, published “Is Higher Better? Determinants and Comparisons of Performance on the Major Field Test-Business,” with A. Bielinska-Kwapisz and F. W. Brown in the Journal of Education for Business, 87 (3), 1-11; “Interpreting Standardized Assessment Test Scores and Setting Performance Goals in the Context of Student Characteristics: The Case of the Major Field Test in Business,” with A. Bielinska-Kwapisz and F. W. Brown in the Journal of Education for Business, 87 (3), 7-13.

Brent Rosso

Richard Semenik

Omar Shehryar, Ph.D., associate professor of marketing, presented “Death and Discrepancy Between Hippocratic and Veterinary Oaths: Ethical and Psychological Implications,” with S. Waller at at the Columbia University Seminar on Death, March 24th, 2012, Faculty House, Columbia University, NY. Perry Solheim, Ph.D., assistant professor of accounting, published “Further Examination of the Market Valuation of Environmental Capital Expenditures by Pulp and Paper Companies,” in the International Journal of Accounting and Financial Reporting (IJAFR), 2(1). He also was a member of the Bozeman Audit Committee. Angela Woodland, Ph.D., assistant professor of accounting, published “Response to ‘The Ongoing Debate about the Impact of the 150-Hour Education Requirement on the Supply of Certified Public Accountants,” on-line with Arthur Allen in Issues in Accounting Education. She also presented on “VITA Program Participation and Student Professionalism” with A. Christensen at an MSU research workshop. Woodland also served as a volunteer for the Montay Community Partnership, which offers MSU students and faculty the opportunity for service learning on campus and in Haiti.

Omar Shehryar

Perry Solheim

For a full list of current College of Business faculty and contact information, please see our website:

Angela Woodland


Bookmarks: Literature Published by CoB Faculty and Staff

Advertising and Integrated Brand Promotion Richard Semenik, CoB Professor Emeritus, along with co-authors, T. C. O’Guinn and C.T. Allen, has published the sixth edition and an international edition of this book, which has been used in more than 600 universities in eight countries. It is published in English, Portuguese, and Spanish. The book is a comprehensive treatment of the structure of the advertising industry and the way in which firms use the tools of promotion (including all digital and social media) to effectively market their brands.  Published by Cengage Learning, 2012

Peeling the Onion: IT Governance and Management for Business Managers Kregg Aytes, dean of the College of Business, co-authored this nontechnical business manager’s guide to the management of information technology with J.Beachboard of Idaho State University. It provides practical knowledge that business professionals can apply to better employ information systems in their organizations.


CoB Professors Team Up to Publish Accounting Book

Bonita K. Peterson Kramer and Christie W. Johnson

Financial Statements DeMystified and “The Fall of a Giant: The Case of Arthur Andersen & Co.” Accounting professors Bonita K. Peterson Kramer and Christie W. Johnson teamed up to publish a book and contribute to another. Financial Statements DeMystified is a selfteaching guide about financial statements written for the general public. It is part of an extensive book series published by McGraw-Hill, 2009. More than 15,000 copies have been sold to date and reviews have been very positive. “Simplifying complex financial information is challenging…(the authors) present four basic financial statements in an easy-to-comprehend manner. Using the classic classroom model, without long confusing rhetoric (for the most part), the book’s content is easy to follow and grasp. The use of tables to present examples and statements is timely and conveys what traditional textbooks try to explain in several pages…this work is straightforward…this work is an excellent guide for students as well as businesspeople who want a basic, practical guide to understanding and interpreting financial statements…”

– American Library Association

“The Fall of a Giant: The Case of Arthur Andersen & Co.” is a chapter they co-authored for Handbook of Frauds, Scams, and Swindles: Failures of Ethics in Leadership, published by Taylor & Francis Group, 2009.


Emphasizing Professionalism Through the MPAc Workshop The first event required for this year’s cohort of the Masters in Professional Accountancy (MPAc) program, was a daylong professional workshop held by College of Business (CoB) accounting faculty and the Montana State University (MSU) Accounting Advisory Council (AAC). Nearly 50 MPAc students participated in the workshop that took place on August 30. The day consisted of icebreaker activities, an AAC panel discussion on “Understanding the Profession of Accounting,” and two professional development sessions, one on “Self-Awareness, Emotional and Social Intelligence,” and “How to Present Yourself in an Interview.” The day

a good thing. However, the Advisory Board panel was my favorite part of the day! The panel members each gave us honest answers (we are going to have to work hard and will have long days!) and gave advice that challenged each of us,” described MPAc student, Molly Zander. Lauren Jackson used the workshop to evaluate herself as a professional, to figure out her strengths and weaknesses, and reflect back up on her recent internship with Boeing. She said, “This workshop revealed some strengths and weaknesses to me. During mock interviews, I received very good comments that will hopefully allow me to convey my accomplishments in an understandable, concise, and intelligent manner. The segment on communicating with upper management was also very enlightening. I wish I had known some of the persuasive approaches covered, before I did my internship, to better communicate with my manager and executives. In the end, I was better able to identify my strengths and weaknesses to better improve myself as an asset to my future employer one day.” The workshop was equally memorable for the professional mentors. CoB graduate Morgan Scarr, now an AAC board member, was thrilled to participate in the workshop for the MSU Accounting Advisory Board members and alumni share knowledge with MPAc students. second year. She said, “I’m so glad the CoB started this professional ended with students working with the AAC and workshop. I’m grateful for the opportunity as an accounting faculty on their résumés and mock employer, and as a mentor, to hear what students are interviews. excited about, why they are going into accounting, Most of the students found this workshop and what makes them nervous about transitioning to be an invaluable resource on what to expect from school to work. I wish I would have had the as a professional. They were able to ask current opportunity to attend a workshop like this while accounting and financial professionals candid I was in school. As a student, that interaction with questions about being in their fields and obtained people in the ‘real’ accounting world is invaluable great insight about themselves as professionals in and really gives you an advantage on that first step training. into you career.” She added that the students who “The MPAc Professionalism workshop was were involved in professional development, like very beneficial. I enjoyed having assigned seating this workshop, from the beginning, make the best throughout the day that allowed us to meet different employees, hands down. professionals from the community, giving us the The CoB strives to best prepare its students for opportunity to ask for candid advice or to hear careers after college and programs like the MPAc about different career paths. This also helped me Professionalism Workshop are just another way of refine my communication skills, which is always supporting student success.


New Faculty:

Amber Raile How did you learn about MSU and the College of Business (CoB), and what led you to pursue a faculty position here? Four generations of my family have attended MSU. Because both my parents graduated from MSU, I went on tours of campus practically every summer when we visited Bozeman. Last spring, I happened to see a job posting for the CoB and decided I had to apply. The position seemed like a good fit for my background and interests, and I have long wanted to live in Bozeman. The growth and opportunities right now in the CoB make it an attractive place to work. Please give us some insight of what you were doing prior to joining MSU. I was in my fourth year as a tenure-track assistant professor in the Department of Communication at North Dakota State University. Prior to that appointment, I earned my graduate degrees in communication at Michigan State University. My non-academic work experience was primarily in employee training and development at a healthcare research and consulting firm, where I worked prior to pursuing my graduate degrees. What are your academic areas of expertise and interest? I study organizational communication and social influence in three main lines of research: interpersonal influence processes within the organization; the role communication plays in creating a positive workplace environment for employees; and multi-level social change and issues related to defining, measuring, and securing political and public will across contexts. Could you please share with us any memorable interactions with your students? I enjoy hearing when my students were able to use something they learned in class in their “real life.” In the fall, I had students who got interviews and jobs after working on their résumé or were able to feel comfortable (and even skilled) in a negotiation. Those are always my most memorable interactions. After your first semester, what would you say you have enjoyed most about teaching here? Picking just one thing is difficult. The students I have met who are excited to learn make my job

enjoyable. I truly loved seeing their skill development this fall. Outside the classroom, I feel truly welcomed by a friendly, professional, and extremely talented set of colleagues. What has been the most challenging? After working primarily with juniors, seniors, and graduate students across most of my tenyear teaching career, working with first-year Amber Raile students and sophomores was a fun challenge. I reacquainted myself with what works for that stage of learning and continue do to so this semester. What would you like to accomplish in your first year here at MSU? My responsibilities include working on communication across the curriculum in the CoB. I am excited to pilot a revised BMGT 205: Professional Communication Fundamentals course offering this semester and to learn more about what my colleagues and our other stakeholders want in the curriculum more broadly. Tell us about your other interests and what you do in your free time. Most of my free time is spent enjoying my family (my husband and our two sons, who are 7 and 3) and living in Bozeman. In the summer, we enjoyed day hiking trips; this winter, we are learning to downhill ski. What is one word that best describes your first semester with the CoB? Fulfilling!


New Faculty:

Jim Oakley

Jim Oakley

How did you learn about Montana State University (MSU) and the College of Business (CoB), and what led you to pursue a faculty position here? I was familiar with MSU from back when I was in school. My first interaction with members of the CoB faculty, though, was during the interview process for this position at the American Marketing Association conference in San Francisco, August of 2011. One of the things that was really appealing about MSU and the CoB in particular, was the mix of academic and professional faculty—I have never been at a school that had such a balance of faculty. I think the different perspectives available from the two groups offer a unique experience for the students and helps create a close connection with the local business community that is invaluable. Please give us some insight into what you were doing prior to joining MSU. I was on the faculty at the University of North Carolina (UNC) at Charlotte for the previous four years (2008-12), one of the schools in the UNC system with about 27,000 students. I taught mostly at the graduate level in Charlotte, both in the MBA program and in a Sports MBA program that has since been shuttered. Prior to joining the faculty in Charlotte, I was at Purdue University in West Lafayette, IN (2002-08), where I am also an alumnus. So, overall, this is my third faculty position, and I am now in my 11th year as a faculty member. What are your academic areas of expertise and interest? My research has traditionally focused on marketing strategy and the consumer response to strategic decisions. This has led me into areas like branding, brand management, advertising, and ethics. A recently accepted paper with a colleague from Charlotte looks at the pharmaceutical industry’s ability to self-regulate its consumer advertising activities, which looks at concepts like advertising of specialized products, ethics, and regulatory systems. I have taught all kinds of different classes over the past decade including principles of marketing, advertising, brand management, international marketing, sports marketing, and marketing strategy, both at the undergraduate and graduate level (including Ph.D.).

Could you please share with us any memorable interactions with your students? I taught BMKT 446: Marketing for Entrepreneurs in the fall, and am currently teaching BMKT 499: Marketing Management Capstone, and BMKT 325: Principles of Marketing. My previous experience teaching undergraduate students has always been in classes from 60-80 students, so I have thoroughly enjoyed the level of interaction and engagement with class sizes from 20-40 students. Have you participated in any MSU/CoB events of programs that were particularly memorable and why? I was able to take part in the Entrepreneurship Day for high school students in November. It was a great opportunity to welcome over 200 high school students to MSU, the CoB, and our entrepreneurship program here on campus. It was also a lot of fun to see our students interact with the high schools, helping to lead them through the day’s activities, as well as seeing our entrepreneurship faculty in action. The keynote address by Sarah Calhoun from Red Ants Pants was also a highlight, offering a great example for both our students and the visiting high schoolers. After your first semester, what would you say you have enjoyed most about teaching in the CoB? I have certainly enjoyed the interaction with the CoB students, and those from outside the college who participate in our courses. But, the thing that has stood out the most has been the collegiality of the faculty and the administration in the college. My experience here has thus far exceeded my expectations. Tell us about your other interests and what you do in your free time. I like to ski—another attraction to MSU and Bozeman—and am in the process of teaching my three children to ski. I didn’t learn to ski until I was a junior in high school (there are not many places to ski in Chicago), so they are at least getting an earlier start than I did. And, with the three kids, we get all of the activities that come with having kids who are 15, 13, and 11 (soccer, football, basketball, music lessons, choir, etc.). What is one word that best describes your first semester with the CoB? Fun!


Professionally Preparing Our Students

for Life after College One of the main goals of the College of Business (CoB) is to prepare our students academically and professionally for life after school. The Bracken Center for Excellence in Undergraduate Business Education is one key resource that helps provide support for this goal. Linda Ward, assistant director of the Bracken Center, is the key facilitator for arranging professional opportunities for students to participate in throughout the year—ranging from recruiting fairs and internships to study abroad and business club events. She works to bring in recruiters and assists with matching up students with these opportunities. Students also utilize the Bracken Business Communications Clinic to review their resumes and participate in mock interviews with communications professionals. Each year, the Bracken Center also partners with the MSU Career, Internship & Student Employment Center on additional career events—the Etiquette Dinner, as well as extra resume reviews, mock interviews, and career coaching. All this preparation work occurs in the fall, prior to three large recruiting fairs, numerous company socials, and networking opportunities. About 225 business students participated in the CoB recruiting fairs. Meet the Accounting Recruiters Fair was on September 20 and Meet the Recruiters Fair took place on October 10, both located at the Stadium Club. The Meet the Recruiters Fair was co-sponsored by the MSU Career, Internship & Student Employment Services and the accounting event was co-sponsored by the Eta Chi Chapter of Beta Alpha Psi. These two events allowed students to mingle and swap resumes with more than 30 recruiting companies spanning all option areas and participating from across the country. Some businesses represented at the fair included: Boeing, Cloud Peak Energy, Edward Jones, Enterprise Rental Car, Kiewit, NAVSEA,, Sherwin Williams, Verizon Wireless, Zoot Enterprises, Northwestern Financial Mutual, and 12 new businesses. The Meet the Accounting Recruiters Fair included local, regional, and national firms such as Anderson ZurMuehlen & Co.; Clark Nuber; the Comptroller of the Currency; Eide Bailly, LLP; the Federal Reserve Bank of Minneapolis; Galusha, Higgins & Galusha PC; Junkermier, Clark, Campanella & Stevens, P.C. (JCCS); KPMG; the Montana Department of Revenue; Moss Adams; and Rudd & Company, to name a few. These recruiting events have proven to be invaluable for students, giving them a chance to find opportunities with national companies like Boeing, Cloud Peak Energy, Kiewit, BNSF, and TIC (The Industrial Company) and to meet face to face with major recruiters. In addition, these events allowed students to network with Bozeman based companies such as CleanSlate and WealthVest, and have been a major recruiting resource for these companies. In the current competitive employment environment, these opportunities have given our students the chance to differentiate themselves and perhaps consider working in a geographic area they may have not considered. The local companies have allowed them to gain hands on experience in the business world through internships and students repeatedly comment they wish they had done more internships while they were in school. See what businesses and organizations our students are working with as interns on page 43. For more information about professionalism in the CoB, we encourage you to visit our Bracken Center webpages: cob/bracken/brackenhome.

Alumnus Don Larson, with Boeing, talking to a student.

Many companies and organizations came to recruit, including NAVSEA.

Students dropped off resumes with recruiters.


Two Entrepreneurs-In-Residence

Share Valuable Business Experience

Greg Ruff

Steve Trautman

The Entrepreneur-InResidence (EIR) program is in its second year and is serving as an invaluable resource for entrepreneurship and business students alike, as well as the faculty. Steve Trautman, a leading knowledge expert, visited Reid Hall in the spring and Greg Ruff, the founder of White Space Strategy, was the EIR in the fall. “Bringing seasoned entrepreneurs like Steve and Greg to campus to spend a week with us gave students an opportunity to have in depth conversations about their projects. Our students received valuable input on their business plans and consulting projects, and Steve and Greg enjoyed interacting with our students and gaining fresh perspectives,” said Scott Bryant, director of the Jake Jabs Center for Entrepreneurship. Trautman visited with CoB students and faculty in February. He sat in on senior level entrepreneurial consulting courses, business management introductory and immediate courses and the advanced business plan writing course. He brought insight into projects from his experiences in the business world and engaged with the students through these experiences. For the past two decades, Trautman consulted executives at blue-chip companies and those in the non-profit and public sectors. His pioneering work in the field of knowledge transfer and related risk management tools—which he began at Microsoft in the early 1990s—is now the nationally-recognized gold standard used by companies ranging from Boeing to Nike, Kraft to Zynga. He has also authored two books, speaks internationally, and continues to provide business

leaders with consultation, presentations, and executive retreats. Similar to the visit in the spring, Greg Ruff was the fall EIR in October. He also visited a number of entrepreneurial courses, the business consulting courses as well as with the entrepreneurial club Enactus, formerly SIFE. Ruff was able to participate in the “elevator pitch” competition as a judge for Brent Rosso’s entrepreneurship course. In addition to the class visits, Ruff also gave a free public lecture on the importance of “Heartland Entrepreneuring,” a phrase he coined for starting and growing businesses outside of the metropolitan areas of the United States, including Bozeman, MT. In his presentation, he emphasized the importance of startups versus existing firms and how they dominate in creating jobs. Some business opportunities that Ruff described for the heartland included agriculture/ranching, tourism, craftspeople and artisans, as well as retail. According to his analysis, there aren’t enough sustainable new jobs, but Montana was a great place to create these jobs. He went on to describe the challenges Montanans face but that they can take advantage of this opportunity by outsmarting, and not outspending the competition. Ruff said that new business opportunities revolved around innovation and his “white space” strategy was a key factor. He says white space can be found within markets, around markets, and between markets. He further explained the methodology of the white space, gave examples of products and companies who have taken advantage of white space, and the three key “out-smart” tools for Montana for finding and utilizing white space. Ruff has worked with a number of Montana businesses, as well as with TechRanch, a start-up incubator, but the bulk of his work has occurred in Silicon Valley. He is now turning his attention to non-metropolitan areas and “Heartland Entrepreneuring.” Ruff has a bachelor’s degree in electrical engineering from the University of Virginia and a master’s of business administration in international management and finance from New York University. For more information about this event, or the Entrepreneur-In-Residence program, please contact Scott Bryant at or 406-9946191.


Fall Orser Speaker Addresses

Crisis Management for Businesses In recent years, the scope and complexity of risks to organizations has grown dramatically. From terrorist events across the globe to infrastructure and natural disasters such as the 2003 Northeastern Blackout, Hurricane Katrina in 2005, and Hurricane Sandy in 2012, these events raise questions all business and government leaders must address. For our David B. Orser Executive Speaker, the College of Business (CoB) brought in an expert on managing crisis and risk. Richard E. Broome, a former member of the White House crisis management team, visited the Montana State University (MSU) campus and discussed “Managing Risk in the New Operating Reality” on Wednesday, November 28, in the Procrastinator Theater. Broome described the new risk management realities that our nation faces, ranging from global expansion and interlinked infrastructures to bioterrorism. He discussed the differences and similarities between the presidential focus versus a CEO focus and emphasized that there are no borders in cyber space and that terrorists can operate from U.S. soil, internally. He said that fact drives demand for a public-private partnership to meet the needs of the future. Broome presented a business assurance framework to address these risks in a uniform and systematic manner. He categorized the four main risk areas as operating, personnel, financial, and information and paired these areas with business leadership positions to identify and deal with risk. He talked about risk elements associated with each. For each potential crisis, Broome also talked about the different characteristics to look for, the crisis management lifecycle, the impacts of technology on crisis management trends, and offered ideas for better managing crisis. Broome is a business consultant in the public and private sector with more than 40 years of experience in computer information systems design, development, and management. He has served on the National Security Council staff as a member of the White House crisis management team for two U.S. presidents. His responsibilities included leading decision support systems in the White House Situation Room, which provides presidents with information required to respond to rapidly changing international events. As a business consultant with expertise in risk

Richard Broome

assessment and crisis management, Broome held positions at the National Association of Securities Dealers, a parent firm of the NASDAQ stock market, Computer Sciences Corporation, and Booz Allen Hamilton. Among other accomplishments, Broome helped develop business recovery plans for a regional stock exchange that were used after the September 11, 2001 terrorist attack on the World Trade Center. More recently, he designed a series of business war games to examine the preparedness of the nation’s financial services sector against potential risks challenging the sector. The activities examined both potential global business impacts as well as recommended mitigation strategies. Prior to his business career, Broome served in the U.S. Army. He has a bachelor’s degree in psychology from Utah State University, a master’s degree in systems management from the University of Southern California, and a master’s degree in information systems from the Naval Postgraduate School. The CoB’s David Orser Executive Speakers Forum is named for David B. Orser, a 1966 MSU graduate who started funding the program in 1988 in order to inspire MSU business students to pursue careers as innovative, responsible, and ethical business leaders. For more information about the forum, contact Audrey Lee at 406-9947026 or

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Montana High School Business Challenge Simulation

Reaches Major Milestone Since the inception of the Montana High School Business Challenge Simulation in 2000, the program has been used in more than 120 Montana high schools and has reached more than 15,000 students, achieving a major student attendance milestone this fall. Tim Alzheimer, College of Business (CoB) associate teaching professor of finance, has coordinated the program since its beginning in 2000. The Business Challenge is delivered in partnership with the Montana Chamber Foundation, simulation sponsor, and the Montana Council on Economic Education, simulation administrator. The simulation initially began in eight schools with 147 students. In 12 years, under Alzheimer’s leadership, it has grown exponentially. His role in the program is integral as he provides all teacher training and simulation demonstrations across the state, as well as manages and processes the weekly decisions submitted by the students. The simulation, conducted twice per year in both fall and spring semesters, is eight weeks in length and represents two years in the life of a manufacturing business. The product changes as technology changes—the current offering is a Bluray DVD player. Students base the next week’s decisions from the previous results. Eleven separate decisions are made every week, including advertising costs, staffing requirements, research and development expenditures, product pricing, production amounts, additions to the plant size, financing requirements, dividends payment, expenditures for quality management, etc. The students are not only competing against each other, but also must factor in changing conditions in the economy, which vary from semester to semester. This simulation has a large impact on the students who participate in the program and provides a unique business experience. Sharon Mattix, with Hamilton High School, has been using this simulation program for more than 10 years. She says that Alzheimer has been instrumental in helping her understand the program and how to bring it into her classroom, and that the simulation is an integral teaching tool for her. Mattix added, “The simulation teaches students what it is like to run a business—all the necessary decisions which have to be made and the information you need in order to make those crucial decisions. It teaches my students what the economic outlook means to a business and what to look for when deciding to expand or pare

back. It is tough, but a valuable learning tool, and the simulation makes it fun for my students and they look forward to the results each week.” Another teacher, John Fechanin of Park High, has been utilizing the simulation since its inception. He agrees and adds that Alzheimer’s support is key This simulation has a large to the program’s success. impact on the students who “Besides providing participate in the program training sessions for the and provides a unique teachers, he constantly business experience. communicates with the teachers and is very prompt on all responses, which keeps this simulation running very efficiently. I can’t think of a time when things didn’t run smoothly.” CoB alumnus, Brad Mehr (Marketing, ’03), also coordinates with Alzheimer to teach the next generation of business leaders. He is in his fifth year of teaching at Ennis High School, and has conducted a total of 10 simulations. Mehr said, “My students really like the simulation. We have a leader board for the class and they get really competitive throughout the eight-week simulation. The students gain a good grasp of running a business and love to discuss the different mini-case scenarios amongst their groups. My students live in a small rural community of 600 people. We don’t have big corporations in the town. This simulation gives the student a taste of running a big corporation, something that would be impossible for them to attain just working at a local small business in town.” Mehr took a finance course from Alzheimer in college and was able to use a stock simulation in that class. Since then, he says he has always tried to incorporate a simulation in his classes as it provides a real-life experience the students just can’t get out of a lecture or book. Prizes are awarded to three teams having the highest overall stock price at the end of the simulation, with the first place teams receiving a $1,000 per student college scholarship, which can be used at any university in the United States. This is a great outreach tool, with the only costs for the CoB being Alzheimer’s time and expertise, computer usage, nominal printing, and postage expenses. Kregg Aytes, CoB dean, supports these faculty endeavors. “Activities like this are key to our efforts at engaging Montana State University in the broader community. We have many faculty members like Continued on page 55


Six Accounting Students Travel to Alaska as

Volunteer Tax Preparers Since 2008, College of Business (CoB) accounting students have been traveling to Alaska as a part of a Volunteer Income Tax Assistance (VITA) program, a program established by the Internal Revenue Service. This year, six students—the most ever— spent spring break volunteering in rural Alaska. Amanda Caldwell, Arianna Haines, Jodie Kunesh, Tom Langmo, Rajeev Modi, and Cullen Mullany left Bozeman on March 9, 2012 for Anchorage, AK where they started off with a training session on tax laws and orientation. The

(Left-Right): Jodie Kunesh, Amanda Caldwell, Cullen Mullany, Rajeev Modi, Tom Langmo and Arianna Haines

students were split up into groups of two and sent off to different regions of the state training with the Alaska Business Development Center. Villages they visited included Alakanuk, Barrow, Eek, Kaktovik, Nightmute, Nuiqsut, Mountain Village, and Tuntutuliak. Most of the students saw this trip as an opportunity for a unique college experience, while providing an essential community service. Mullany chose to go on this trip because he thought the chance to go to a place that few people ever visit to gain some practice in the tax world, would be great. Kunesh had heard excellent things about the trip from a student who had attended the previous year and she also wanted to be exposed to different cultures and lifestyles. Langmo agreed and believed this trip would help solidify his knowledge after completing his tax class.

This opportunity allowed the students to apply what they had learned in their tax classes and VITA training, in remote areas where residents do not have easy access to tax services. “The amount of knowledge I attained in the field of taxation and customer service was something that would be difficult to find anywhere else. I was also able to see a part of the world that many rarely see, rural Alaska. This trip is a wonderful opportunity for undergraduate accounting students. I hope that MSU participates in this program for years to come,” described Langmo. Besides preparing taxes, these CoB students were able to experience a different culture and lifestyle. Most of them found the travel and transportation both interesting and scary. From snowmobiles and dog sleds to small Cessnas and bush planes, the volunteers were able to experience many modes of transportation. “I enjoyed traveling over the bizarre and unusual landscape while cramped in a small Cessna. It felt as if I were in a documentary they were filming for some Discovery Channel show…,” Cullen said. Kunesh had to face her fears of flying during the dozen plane trips they took—a personal triumph for her. Many of the students were able to watch native dances and basketball games, eat unique native foods and participate in potlatches. A Starbucks’ drink, priced at $13.35 in the local store, also came as a huge shock to the students. The travel and culture were Langmo’s favorite parts of the trip. “To see that people within your own country live in such adverse and severe weather conditions is amazing. It was also very fun to see how these people travel. It was a wonderful experience to see a completely different culture than what I’m used to.” Through this program, the students gained valuable tax preparation experience and learned about another culture and lifestyle. While there, these six students were able to help more than 430 villagers and their families. Shane Clark, Kelli Goody, Haakon Johnson, Heather Morris, Priya Parmeshwaran and Renee Waterland are the six students who will travel to Alaska in 2013. For more information about the VITA program, please see our website: cob/Accounting/vita.html.


Record Setting 11th Annual Classic Open Benefit

Golf Tournament a Success A record number of College of Business (CoB) alumni, friends, and faculty attended this year’s Classic Open Benefit Golf Tournament on Friday, September 21, at the Riverside Country Club, in Bozeman. More than 120 people were involved with this year’s tournament. Twenty-seven teams representing accounting firms, banks, consulting, construction, insurance, restaurants, and other industries golfed during a warm, sunny day. Volunteers were stationed at various holes where golfers could support MSU students. The Montana State University (MSU) golf team hit drives for a fundraiser at one hole. On another, the Beta Alpha Psi/Accounting and Finance clubs staffed the Betting Hole, with the clubs receiving half of the monies made. The tournament began with a shotgun start at 12:30 p.m. and ended with players enjoying hors d’oeuvres before the winning teams and the top bids for the auction items were announced. The silent auction packages were bid on throughout the tournament with those profits specifically going towards the Friends of the Classic Open Golf Tournament scholarship. Scholarships raised from this tournament will be awarded at the spring 2013 scholarship banquet. Last year’s recipients were Joseph Fauth and Dakun Hu. This year, the winning team—Steve Dailey, Paul Pahut, Neil Thomas, and Brent Zanto—sponsored by Stockman Bank—edged out the second place team by one point. They were awarded the prestigious traveling crystal trophy and had their names etched on the trophy’s base. Players also won prizes for longest drive, closest to the pin and a Hole-in-One. “We had beautiful weather for the event, and everyone had a good time. It’s encouraging to see the great support that the community provides for MSU, the College of Business, and most importantly, our students!” stated Kregg Aytes, dean of the CoB. It is with the support of our event sponsors, players, and silent auction donors that the CoB is able to continue providing excellent business education. A complete listing of all donors to the Golf Tournament and other CoB activities can be found in the Honor Roll of Donors located in the back of this report. The next tournament is tentatively scheduled for Friday, October 4, 2013. Please contact Audrey Lee at for more information or see the CoB website at

The first place Stockman Bank team

Gross 1st Place: Steve Dailey, Paul Pahut, Neil Thomas, and Brent Zanto (Stockman Bank) Gross 2nd Place: Eric Murphy, Brandon Vancleeve, Tyler Wantaluk, and Jeff Weedin (Pine Cove Consulting) Gross 3rd Place: Dan Davies, Norm Millikin, Brian Priebe, and Steve Wheeler (First Interstate Bank) Net 1st Place: Bret Forder, Jenny Forder, Jeff Matzinger, and Katie Matzinger Net 2nd Place: Bert Bartle, Lee Oldenburger, Tanner Oldenburger, and Don Platisha (American Federal Savings Bank) Net 3rd Place: Kevin Brester, Darby Donoven, Casey Durham, and Regan Langel (Wells Fargo Private Mortgage) Longest Drive (Men 0-20): Chris Remely Longest Drive (Men 21+): Justin Mosness Longest Drive (Women 25+): Jenny Forder Closest to the Pin (Men): Brent Zanto Closest to the Pin (Women): Jackie Sather

The Wells Fargo team at the 50/50 hole supervised by Beta Alpha Psi/Accounting Club and Finance Club students


Five Businesses Honored at 2012

Montana Family Business Day Family Businesses make up 80% to 90% of all business enterprises in North America and contribute roughly 70% to 90% of global GDP (Gross Domestic Product) annually. In Montana, where the state population is less than most metropolitan areas, the effects of family businesses are vast: They are long-lasting community presences, the brains behind many innovative business practices, the heart behind local and regional philanthropy, and catalysts for economic development in the area. Each year, the College of Business (CoB)’s Montana State University (MSU) State Farm Insurance Family Business Day honors these family businesses from across the state for their hard work and dedication to their businesses, communities, and industry. This year, the awards luncheon took place on Friday, September 28, at the Best Western GranTree Inn, in Bozeman. In its 19th year, this event has honored more than 100 family businesses, ranging in size from fewer than 10 employees to more than 50, in all types of industries. Chosen based on their commitment to customer service, family values, and their adaptability to an ever-changing business environment, this year’s winners were: • Bear Paw Livestock of Chinook— Very Small Business category (fewer than 10 employees)— was recognized for their integrated companies that provide high quality meat from “Pasture to Plate;” maintaining a family business through three generations; and their service and support for the extended Hi-Line community.

Larry Merkel

• P  ine Cove Consulting of Billings—Small Business category (10 to 30 employees) —was recognized for their 100% virtual companythat supports the education of Montana’s youth, connecting them to the world through technology and bringing technology grants to Montana schools; maintaining a family business through three generations; and their investments in employees and the community. • Air Controls of Billings—Medium Business category (30 to 50 employees) —was recognized for developing loyal customer relationships, good business practices, and positive and supportive employee relations; maintaining a family business through three generations and 40 years of operation; and their service and support for their industry and community. • P  eak Recording & Sound, Inc. of Bozeman— Special Recognition category—was recognized for developing recording services and technologies for multiple music genres in the Gallatin Valley; building a total family business; their service to the community; and their unique efforts to connect Bozeman through the world-wide communications industry. • Kagy Korner Store of Bozeman—Special Recognition category—was recognized for providing quality service and products; maintaining a family business through two generations; serving the community; persevering to overcome community opposition; and developing a business now recognized as a special community asset. Larry Merkel, owner of Round House Sports Center, was the luncheon keynote speaker. His presentation, “Learning from Experience: Successful Business Strategies” touched on various lessons learned from running the Round House for the past 41 years. Merkel began his presentation by emphasizing that the Round House is in the “people” business. He said it’s not really how, but why we do business that allows for success. For Merkel, it started with his interest in the outdoors while attending MSU, the shared passion for the outdoors, and the environment among people in this region. He took the outdoor environment and brought it inside


the business to create “It’s not easy an unusual shopping business, but it is atmosphere the company necessary, and it calls the “sizzle.” To should really be help create this sizzle, viewed like a second store inventory changes store.” three to four times a Merkel left year to coincide with the audience the seasons. This gives with a number of customers the chance important tips, to always have new and saying, “If you exciting products. can’t find a way, Air Controls Merkel said it was make one; don’t essential for the Round take yourself too House to maximize the seriously; behind outdoor experience for every success is customers since they effort, behind don’t sell anything that every effort is is necessary for survival. passion and behind In addition to a unique every passion is a shopping environment, person who tries; Merkel said a high and finally, don’t level of customer underestimate the service is essential. power of ‘thank This combination of you.’” Pine Cove Consulting sizzle and service has The Family been successful for Business Day the Round House. Merkel added that businesses luncheon brought participating families together to and employees have to create trusting and sincere celebrate their achievements. Multiple generations relationships with their customers. “The staff is and many MSU alumni attended the luncheon, important! It’s the people who bring the passion to learned from each other and shared advice. our business,” The CoB and State Farm Insurance, in honor Merkel said. of Robert Jaedicke, hosted the program. Stockman Even with the potent combination of sizzle Bank underwrote the awards, with additional and service, all brick and mortar business run into support from the Montana Chamber of Commerce. a similar threat—the Internet. Merkel talked to For more information on the Family Business the audience that with the growth of the Internet, Day program, go to traditional channels FamilyBusiness/ of distribution have FamilyBusiness.html If you can’t find a way, make one; disappeared but “rather or contact Phyllis don’t take yourself too seriously; than fight and resist Johnson at 994-6796 behind every success is effort, the sweeping trend, we or familybusiness@ behind every effort is passion and embraced it.” He viewed the Internet as the behind every passion is a person direction the consumer is who tries; and finally, don’t taking. underestimate the power of

‘thank you. – Larry Merkel


More than 200 Montana High School Students

Visit MSU for Entrepreneur Day The College of Business (CoB) hosted Entrepreneur Day in the fall, for the third time, yielding a record high participation by Montana high schools. More than 200 students and teachers, representing 13 Montana schools, traveled to Bozeman for a day Keynote, Sarah Calhoun, talks to high school student participants of education and motivation to study business and entrepreneurship. The 9th annual Entrepreneur Day was held on Thursday, November 1, in the Strand Union Building on the MSU campus. Students from Anaconda, Augusta, Bozeman, Broadwater, Butte, Cascade, Columbus, Great Falls, Laurel, Livingston, Shields Valley, and Simms were welcomed to Montana State University (MSU) by Susan Dana, associate dean of academic affairs in the CoB, and Jennifer Dunn, with MSU Admissions, before students jumped into an interactive workshop in the morning. In the past few years, participating students were asked to develop business concepts and present an elevator pitch, but this year, student groups were asked to look at three entrepreneurial business scenarios and use critical thinking skills to come up with potential solutions to problems. The first case dealt with an upfront payment for a job too large for the struggling start-up company. The second case addressed waste removal options as they relate to different cost savings and environmental concerns. The third case focused on ethical decision making related to hiring employees for a one-person consulting business. The top four teams presented “how” and “why” they decided to address each issue. The top two teams were deemed the winners of the workshop. Gary Bishop, who led the interactive workshops and coordinated the CoB student volunteers, said, “We wanted to change things just a bit this year so returning students would continue to walk away with a sense of accomplishment as well as having a bit of fun at the event. It was great to have these

students come up with workable solutions to these entrepreneurial business issues and be able to justify their answers.” After lunch, students and teachers were able to enjoy an informative keynote presentation by Sarah Calhoun, owner of Red Ants Pants, headquartered in White Sulphur Springs, Montana. In her presentation, “Red Ants Pants, More than a Pair of Pants,” Calhoun talked about her experiences with men’s work pants and how her difficulties with them led to a new business concept for women’s workpants and a company based in a rural town in Montana. From there she discussed her business model, unique marketing efforts, and core business values. She talked about how she has a storefront as well as a website, how important the high-touch and personal component is for her business, her unique Tour de Pants and matching ants connection, and how important quality and 100% customer satisfaction is to her. She also told the students that if they start businesses, they need to know what aspects of the business they are or aren’t willing to compromise on. For Calhoun, Red Ants Pants is and always will be a “Made in the USA” product. Many students and teachers said Calhoun’s presentation was one of their favorite aspects of the event–the chance to listen to a determined young woman entrepreneur who had an idea, took a risk, and succeeded was inspiring. Calhoun’s experiences showed students that starting your own business may be difficult, but it is doable and worth it. After the keynote, students wrapped up their day with a creative and interactive workshop led by CoB students. “The New Product Launch,” an entrepreneurial challenge, pushed students to creatively problem solve and work together as teams. Students were tasked with developing an innovative egg delivery “vehicle” utilizing limited resources within certain parameters. Groups came up with very innovative designs and enjoyed “launching” their vehicles off a 10-foot drop to test the vehicles. Regina Wood, a teacher from Livingston’s Park High School, has been bringing her students to Entrepreneur Day every year since 2003. She said, “Besides the business lessons that tie into what they are learning in class, they get to interact with other high school students, they get to present in front of a large crowd, and work on some real-world concepts. Continued on page 55


Entreprentice Project Continues to Connect Students

with Local Nonprofit Organizations For the second year in a row, The Entreprentice Challenge in Brent Rosso’s upper-division BMGT 448 entrepreneurship course was successful as a firsthand experience for student in starting, running, and earning money through group entrepreneurial ventures. Most of the profits went back into the community. With only $25 as “start-up capital,” students were able to raise a total net profit of $3,070.50 between the two sections, $500 more than the first year of the challenge. The students chose two local nonprofits to support—HAVEN and Big Brothers Big Sisters. At the end of three weeks, representatives from both organizations visited campus, listened to student presentations on their entrepreneurial endeavors, and received a check donation. Students came up with many creative solutions for the Entreprentice Challenge. Projects inlcuded specialty home-made dog biscuits with creative names such as Peanut Butter Puppy Poppers,

Snickerpoodles, Peanut Butter Pupcakes, and Doggie Biscotti; Microsoft Excel tutoring for local businesses; and “Five Guys Moving Company.” One project, hand-crafted silver HAVEN bracelets, was so successful that out-of-state orders were placed. This class project serves as one of many experiential learning facets in a business course, giving College of Business students exposure to realworld entrepreneurial challenges.

2012 Guest speakers Megan Armstrong, Bozeman Daily Chronicle Kregg Aytes, MSU Patti Berg, City of Bozeman Grace Berger, MT State Board Richard Broome, Consultant Kris Cameron, Federal Reserve Bank of Minneapolis Steve Cannon, Schedulicity Susan Carstensen, Consultant C. Bruce Combs, PC Jesse Cruson, Kraft Foods Waded Cruzado, MSU Page Dabney, D.A. Davidson Mike Eide, Dotty’s Todd Eliason, Consultant Tyler Erickson, American Bank Rusty Felton, Lane Supply Co Eric Flynn, Bitterroot Capital Tom Fulton, Stifel Nicolaus Valerie Tutvedt Gravage, Northwestern Mutual Financial Network Janice Hall, Hitachi Global Storage Technologies

Lucian Hand, Altos Photonics Shawn Harrison, RightNow Technologies /Oracle Mike Hedegar, Moberry Scott Holton, Rudd & Company Andrew Hull, Elixiter Laura Humberger, MSU Bill Hurlbert, Stockman Bank Paula Hurlbert, CPA Devin Hutton, Enterprise Rob Irizarry, Zeebly Michael Johns, RightNow Technologies /Oracle Gordon Johnson, American Bank Steve Johnson, Bozeman Public Schools Alison Johnston, First Interstate BancSystems John Kensey, Angel Investor Joan Kresich, Restorative Justice Lori Lawson, MSU Clint Lohman, Rocky Mountain Gaming, Inc.

Anne Milkovich, MSU Cory Pulfrey, senior advisor for Morgan Stanley Smith Barney Kristen Radford, RightNow Technologies /Oracle Marne Reed, Jeff Riggs, Clark’s Fork Greg Ruff, White Space Strategy Alan Rypinski, Entrepreneur Matthew Savery, Bozeman Symphony Morgan Scarr, JCCS Melanie Bury Schell, MSU Alumni Foundation Brock Schimbeno, GeoGrain Abby Schlatter, MSU Stephen Schultz, RightNow Technologies /Oracle Mike Schwarzkopf, McDermott Financial Services Stacey Scott, West Paw Design Becky Smith, Blue Ocean Innovation Center Eric Smith, Boeing

Michael Smith, Citi Private Bank Sam Spencer, ABC TV Connie Strittmatter, MSU Brian Taylor, Wells Fargo Bank Vickie Tischendorf, Greater Gallatin United Way Lance Trebesch, Rick Ungersma, Mudoch’s Ranch & Home Supply Michelle VanVelkinburg, Galusha, Higgins & Galusha Steve Wheeler, First Interstate Bank Janice Whetstone, Janice K. Whetstone P.C. Law Firm Todd Williamson, MorganStanley Smith Barney Doak Wofford, Kraft Foods Shanna Zier, Office of the Comptroller of the Currency

Every effort has been made to ensure that all guest speakers are included and names are listed correctly. If your name has been inadvertently omitted or misspelled, please contact Audrey Lee at 406.994.7026 or


Reaching Out to Small and Family Businesses

Across the State in 10 Cities In efforts to reach out across the state to more small and family businesses, the Family Business On the Road program provided a free “Social Media for the Family Business” workshop in nine different cities this past summer, in addition to the workshop held in conjunction with Business Days at the Capitol in Helena in January 2012. Montana State University (MSU) College of Business (CoB) marketing instructor, Mike Gold, traveled to Billings, Butte, Glasgow, Great Falls, Havre, Kalispell, Lewistown, Miles City, and Missoula. At each workshop, Gold partnered with local speakers, including professors from the local university or college, and people from the Small Business Association or Development Councils in the area to provide valuable information. Best practices utilized by past Family Business Program winners were shared with the audience as well. The workshops focused on how small and family businesses can use social media as an effective marketing tool. Gold discussed a number of social media tools and gave examples of how to use and incorporate them into a business. These sessions allowed business owners to develop methods to track what their customers were saying about them on social media, but also gave them methods to better communicate with customers and tailor their daily activities to meet shifting customer schedules and interests.

Participants took a lot away from the sessions. “Thanks for your efforts to help and support family businesses,” “great information,” and “excellent presentation” were familiar comments at each of the workshops. One even said, “I was a presenter but found that Mike had great info and I learned some tools for social media usage.” Established in 1994 as an outreach program through MSU’s CoB, the Family Business Program offers education and information to Montana family owned and managed businesses. The program provides recognition to pioneering and successful family businesses through the Montana Family Business of the Year Awards, an event that allows small businesses to share ideas and concerns. The annual seminar and awards luncheon has reached more than 80 businesses and provided education and information to thousands of participants. The Family Business On the Road program was introduced in 2006, after State Farm Insurance Company made a gift to the CoB in honor of Bozeman resident Robert Jaedicke, who served on the company’s board of directors. Stockman Bank and the Montana Chamber of Commerce also support the program. The first multiple-city On the Road tour, in 2012, was a great beginning for a commitment to visit several cities annually. As the program develops, the CoB intends it to be recognized as a valuable educational tool for family run and small businesses throughout the state and for providing worthwhile ideas to help these companies become more successful. The 2013 On the Road schedule can be found on the the website: http://www.montana. edu/cob/FamilyBusiness/FBDOnTheRoad. html and on the new Family Business Program Facebook page: MSUCOBFamilyBusinessProgram. For more information about the program or how you can get involved, please contact Phyllis Johnson by e-mailing phyllis.johnson1@montana. edu or calling 406-994-6796

New CoB Building Architectural Rendering: fourth floor


Architectural Renderings for New CoB Building

2012 Internship

sponsoring Firms AAA Action Challenge Adventure Travel Trade Association Alaska/Horizon Airlines Altman, Rogers & Co. American Auto Body Ameriprise Financial Anderson Zurmuehlen Arch Coal ASMSU ATKG, LLP AWARE Bee-Zee Honey Co. Belgrade Liquor Store Betula Creative Big Brothers Big Sisters Big Sky Insulations Black Lab World BlueJeans BNSF Boeing Breeze Bars Broad Comedy C&H Engineering Campus Special Career Athletes Cellular-Plus/Verizon Central Copters Chick-fil-A CleanSlate Cloud Peak College Pro Painters Costco Crazy Mountain Ranch Cure for the Common Band, LLC D.A. Davidson Dell Deloitte Digital Moxxy Direct Satellite Solutions DSI Eide Bailly Elixiter Enterprise Rent-A-Car

EO Sparkling Equinox Events Fastenal FDIC Fikes Foothills Fellowship Church Foundant Technologies Fun Beverage Distributing Galusha, Higgins, Galusha GeoGrain Golden Helix HEAP Hiline Productions Hillman, Moody & Assoc. Holmes & Turner HRDC Idaho National Laboratories IWURCC JCCS Joseph Eve Kenyon Noble Lumber Kiewit KPMG Kraft Foods Lopper Spring Ranch Mann Mortgage Marine Corps Officer McGee, Hearne & Paiz Milligan Accounting Montana Import Group Montana Tax Advisors Moss Adams Montana State University MT Import Groups Murdochs Museum of the Rockies NAVSEA Neuralynx, Inc. Northwest Farm Credit Northwestern Financial Mutual NW Parity, LLC Oracle Outlaw Partners Outside Media

PacfiCorp Pacific Office Automation Parent Magazine Penor & Associates Pepsi Kronke Sports Profitable Ideas Prolitegear Sports Promotions West PwC Resurrection Parish Right Now Technologies Rocky Mountain Bank Rudd & Co. Rueb’s Supervalue Sacajawea PAC Schedulicity SCS Seneca Boards LLC Spark R&D Spoklies Gravel & Oilfield Service Stafford Multimedia State Farm Stifel Nicholas Terrell’s Office Machines TIC Ticket River Ticketprinting Time Warner Cable Townsend Backhoe Service Trade Risk Guaranty United States Marine Corps U.S. Army MSU ROTC U.S. Marine Corps UTAP VolleyBall WealthVest Western States Insurance Wheat Montana WHO Trades Williams Plumbing Zoot

Every effort has been made to ensure that all businesses and organizations who provided internship opportunities are included and names are listed correctly. If your name has been inadvertently omitted or misspelled, please contact Audrey Lee at 406.994.7026 or

Monumental stair

Cafe from stair

Classroom porches

Third floor stair landing

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Alumni &




Ways of Giving Offering financial support to Montana State University (MSU) comes with a variety of giving options. Many of you receive a call from students during the annual phone-a-thon or receive a targeted mailing piece that asks for a gift to MSU. The Annual Fund’s goal is to help raise financial support for the university, and in many of your cases, specifically for the College of Business (CoB). As my colleagues at the MSU Alumni Foundation (MSUAF) and I travel and meet with our alumni and friends, we often visit with donors about major gifts or setting up endowments to support initiatives at MSU. Gifts designated to new or existing endowments are invested and maintained in the MSUAF’s long-term asset pool with the goal of providing MSU with an ongoing source of support. Each year, a portion of the endowment’s annual value is available to support the purpose for which the endowment was created. A unique way to make a positive impact with your gifts to MSU is Jackie Sather to consider planned giving, which not only helps MSU, but also may offer you tax incentives and savings. These giving options are not just for those of retirement age, but can be charitable, estate, and tax planning solutions for donors of all ages. We recently received a gift annuity from a graduate in his 30s. This gift not only assisted the initiative he was supporting, it offered him a wonderful tax incentive. Here are additional examples of planned giving you may want to consider: · Th  e Charitable IRA Rollover provisions are in place through 2013. That means that if you are 70 1/2 or older, and you take your required minimum distribution (RMD), you can take charge of your federal income tax obligations by controlling how much of your RMD you will recognize as 2013 taxable income. By choosing to make a charitable gift to the MSUAF directly from your IRA, you can meet your charitable goals and control your federal income taxes!  ·M  ontana taxpayers have one more year to take advantage of The Montana Endowment Tax Credit. Montana law provides a special tax credit for certain types of gifts to an endowment. The amount of the credit and how it is earned varies depending on the type of taxpayer making the gift. ·E  state planning is the only way to ensure your end of life wishes are followed, that your assets will be transferred to your intended beneficiaries, and that the people and organizations you cherish and support during life are supported after you are gone. Please consider including a gift to MSU in your estate planning. You can give real estate, annuities, unitrusts, estate gifts, and more to benefit MSU and the College of Business. What plan is best for you? If you have any questions about the best way for you to benefit through a planned gift, please contact us. Your development professional or a member of our Office of Gift Planning at MSUAF can help you start the process. Together we can explore a variety of planned gift options to meet your needs and your goals. Ask about the Wills Kit, a publication that will guide you with planned giving options. You will also find information on planned giving at Thank you for your support and consideration, Jackie Sather Director of Development 406-994-6766



MSU Alumni, Folkvords, Win 2012

Community Excellence Awards Dean and Hope Folkvord of Three Forks have won the 2012 Community Excellence Awards. The couple owns and operates Wheat Montana Farms and Sacajawea Hotel, LLC. Dean Folkvord is the CEO of Wheat Montana Farms and Hope (Fjelstad) Folkvord is the CFO. The Community Excellence Awards, which honor service to both Montana State University (MSU) and the greater Gallatin Valley community, were announced at the 30th annual Awards for Excellence Banquet, hosted by the MSU Alumni Foundation and the Bozeman Area Chamber of Commerce on February 21. Hope and Dean Folkvord were active and involved students at MSU. Hope belonged to

(L-R): Michael Stevenson, MSU Alumni Foundation, Dean and Hope Folkvord, Daryl Schliem, Bozeman Area Chamber of Commerce.

the MSU Spurs (a sophomore service honorary), was in the homecoming court and was active in the Residence Hall Association. She graduated in 1982 with a degree in business management. Dean competed in rodeo and graduated in 1982 with a degree in agricultural business. Since graduating, these life members of the MSU Alumni Association have continued to engage with and serve MSU. They are members of the Bobcat Club, Quarterback Club, Rodeo Club, Friends of the Library, and the Montana Aggies Group. Hope was a member of the MSU Foundation Board of Directors for five years. Dean served on the MSU President’s Circle and is currently on the fundraising committee for the Bobcat Rodeo Club. The Folkvords have established a scholarship in their name, and they were contributors to the Bobcat Stadium End Zone

campaign. As football season ticket-holders, the couple even traveled to Huntsville, Texas, this past season to watch the Bobcats in the quarterfinal playoff game. The Folkvord family has been involved with agriculture for three generations, and their familyowned-and-operated businesses are well-known in the Gallatin Valley and beyond. Wheat Montana’s agricultural operations encompass 12,000 acres, and the company employs more than 100 people and produces 113 products, which are sold nationwide. In 1994, Wheat Montana Farms was awarded the Montana Family Business of the Year honor. In 1997, Dean Folkvord was named Montana’s Small Business Person of the Year and in 1999, Wheat Montana Farms won the Best Managed Farms Contest. Wheat Montana Farms has also made its way into the Guinness Book of World Records for cutting, milling, mixing and baking a loaf of bread in 8 minutes and 13 seconds. In 2009, the Folkvords bought the historic Sacajawea Hotel in Three Forks. A seven-month, $2 million renovation both restored the hotel’s historic elegance and modernized it. The Folkvords received the Commercial Preservation Award from the Montana Preservation Alliance in 2011 for restoring the 100-year-old hotel, which is now an important commercial anchor for the town of Three Forks. Dean Folkvord is a state champion livestock auctioneer, and has donated his professional services to raise funds for the College of Agriculture, Bobcat Club, Big Brothers Big Sisters, the College of Business, and many local nonprofits. He has served on numerous chamber panels and the Montana Business Leadership Council. He was named Montana’s SBA Small Business Person of the Year, Montana Entrepreneur of the Year by Entrepreneur magazine, and has served on SBA’s National Advisory Council, the Blue Cross Blue Shield of Montana Board of Directors, the Federal Reserve Bank Advisory Council on Agriculture, and chairman of the Federal Reserve Bank of Helena. The community service awards are awarded annually to a local man and woman in recognition of outstanding support of the Bozeman and MSU communities. Criteria for the award include giving time and resources beyond business or professional obligations to both the community and MSU. — Written by Phillip Luebke, MSU Alumni Foundation


MSU Grad Student Dives Into

video game economics Kristian Miller, a master’s student at MSU, has what many young men might consider their dream job. He does not technically have a boss. He has flexible hours at an office that offers bike parking, a fully stocked fridge and a weekly company lunch. And he and his colleagues work in small groups called “cabals,” surrounded by other employees who are paid to play video games. Miller works as an economist for Valve Corporation, a video game development and digital distribution company based in Bellevue, Wash., just across Lake Washington from Seattle. Valve is well known for titles like the critically acclaimed Half Life series, Left 4 Dead, Defense of the Ancients (DotA) and Portal. They are also known for developing Steam, a unique digital distribution platform for software and games. In January 2012, Miller reached out to Valve, asking for information on their virtual markets to incorporate into his master’s research. Soon, he received a phone call he described as a “thinly veiled job interview.” Miller impressed his clandestine interviewer and started his new job at Valve in May. Currently, he is in the process of completing his master’s coursework while trying to find the time to work on his thesis. He explained that he’s looking into the interactions of individuals in virtual markets and hopes to apply what he learns to the world at large. At Valve, Miller works on a variety of cuttingedge projects — everything from analyzing how users “estimate the value of virtual scarce goods” to investigating altruism in player interactions. He’s also attempting to develop better ways to measure player happiness — “utility,” in economist-speak. At a recent tour given to this reporter, Miller described Valve’s unique horizontal management structure. The company employs about 300 artists, programmers, writers and other specialists who bring creativity to the company. “All our desks have wheels,” Miller explained. Organic groups — the “cabals” mentioned earlier — form and dissolve as needed for projects old and new. “I go where I feel I can do the most good for the company,” he said. The company does have an organizational structure, which allows for effective long-term planning, but Miller believes that the fluid groups allow them to react quickly to changing conditions. Originally from Pilot Butte, Saskatchewan, a town about seven miles east of Regina, Miller came to MSU

in a roundabout fashion. His father graduated from MSU, so they visited every winter to ski when he was growing up. In 2008, he attended MSU for a year on exchange from the University of Regina and fell in love with Montana and the “quality of education” and “sense of community” at MSU so he transferred. He graduated in spring 2011 with bachelor’s degrees in economics and finance and is now pursuing his master’s in applied economics. Miller also earned some economic experience with the U.S. Senate Finance Committee during the summer of 2010. He served as a research intern, analyzing federal investment multipliers, helping plan the 2010 Montana Economic Development summit and researching legislation like credit card interchange fees and taxation of carried interest. One of Miller’s life passions is cycling. During his time at MSU, he was president of the Bobcat Cycling Club. This past July, he rode along with the Tour de France for 13 days, dispelling any stereotypes about feeble, bookish economists. Miller completed L’Étape du Tour, an organized event that allows amateur cyclists to race over the same route as the professional Tour itself. This ride took him through the imposingly named “Circle of Death” in the Pyrenees Mountains along a 132-mile route, comprised of four lung-busting mountain passes and more than 15,000 feet of vertical ascent. At the end of that grueling ride, he missed his train and had to hitchhike nearly 30 miles back to his hotel with a friend. With such an impressive background, what are Miller’s goals for the future? Right now, he wants to complete his master’s and keep working at Valve. Miller hopes to grow their analysis team because, as he explained, there are “10 times as many questions as we have answers.” — Written by Brent Zundel for the Exponent

Kristian Miller, a 2011 graduate of MSU and current master’s student, stands next to the eponymous valve in the main lobby of Valve Software.


Bozeman Daily Chronicle 20 under 40: Spotlighting Bozeman’s Young Business Professionals Story courtesy of the Bozeman Daily Chronicle

Brian Brown

Branch manager of Bozeman D.A. Davidson office, age 39 Brown was the youngest person ever appointed to the D.A. Davidson’s Chairman’s Council and serves on the Board of Trustees for Bozeman Deaconess Hospital. He has served on MSU’s Alumni Association Board and is a Bobcat club member. What was your first job? Growing up in Fort Benton, I worked on the Laulos’s farm. Most rural Montanans don’t make it without working hard, so that value was instilled in me early. What’s your favorite gadget? My iPhone. My wife and I recently transitioned to iPhones, and I don’t know how we lived without them. What’s your favorite stress release? I try to work out frequently and enjoy coaching youth sports. Are you a winter or summer person? Both. We love to enjoy the outdoors in all seasons. Life would be less exciting if it were 80 degrees and sunny every day.

Ken Fichtler

Co-founder of TEDxBozeman and marketer with Lattice Materials, age 27 Fichtler has founded three businesses, TEDxBozeman, served as emcee of the 2012 Governor’s Innovative Business Awards Dinner and is an Eagle Scout. What’s your favorite part of your job? Learning. Was getting TEDxBozeman running easier or harder than you expected? Much, much harder. My co-founder and I got some advice early on from a friend who helped start TEDxCairo. I honestly don’t know if we could have pulled it off without learning what we did from him.The vast portion of credit goes to our volunteers though. Superpower you’d like to have? Precognition. You’d never make a mistake and never miss an opportunity. Where are we most likely to find you after hours? Out, enjoying Bozeman, of course. I love to climb mountains, snowboard, grab a cocktail at Plonk, toss around a few business ideas with friends and enjoy where I live.

Jeff Riggs

Owner of Clark’s Fork, age 36 Riggs came to Bozeman on an MSU basketball scholarship and helped teammates find success in the stock market with his casual interest in finance. He’s coached little league for 10 years, is on the board for the Montana Center for International Visitors and is an EMT for the Three Forks Areas Ambulance. What was your first job? Hustlin’ video games and intalling stereo systems in cars for the student body of Henley High School in the KFO (Klamath Falls, OR). Are you a winter or summer person? Neither. Wait, both . . . I embrace the change. Superpower you’d like to have? Already have one and am currently working on my second, they are kind of like languages, the more you master, the easier the next one is. Something about you that would surprise others? I am an EMT who has raced on an elephant, never lost a dunk contest and has a love affair with the Kansas City Chiefs while rarely wearing long pants.


More than 100 Attendees Connect at

Women’s Circle of Excellence Event The College of Business held its fifth Women’s Circle of Excellence (WCOE) conference on Thursday, April 19, 2012 at Riverside Country Club in Bozeman. The event provided mentoring and networking opportunities and inspirational and educational sessions for participants. The opening session began at 1:00 p.m. with MSU alumna, president and CEO of REHAU North American, Dr. Kathleen “Kitty” Saylor’s presentation titled, “Collaborative Leadership: Why is it so Darn Difficult?” The session, a favorite among participants, focused on what makes high-performance teams successful, emphasizing the key roles that collaborative leadership and communication play in contributing to success. The session included a scenario-based, interactive workshop where participants at each table worked together to decide what items a group of people on a slowly sinking yacht, lost at sea, should save. Through individual and group decisions, participants were able to learn about their communication styles and whether they were long-term or short-term planners. Many of the participants appreciated starting off the day with a group collaboration exercise. “Most exercises are not nearly as effective, but I feel this was helpful, not only to learn about myself and others, but also to connect. I am so glad I came,” a first-time participant commented. After the large interactive group session, the participants geared up for breakout sessions. One session focused on customer relations, either business to business or business to customer, and the other delved into digital marketing strategies. Participants came back together for the keynote presentation, “Make Life Work for You,” given by Melinda Hinson Neely, a business owner, parent and marathon runner. Melinda talked about balancing professional and personal time. Her strategies ranged from eating well and exercising to help support the physical body to meditating, keeping things in perspective and making sure that you are doing what you love to help balance your mental well-being. The event wrapped up with the presentation of the third Outstanding Mentor Award to Carmen McSpadden, Director of the Montana State University (MSU) Leadership Institute. She was nominated by Alexandra Black, a recent MSU graduate and alumna of the Leadership Institute, who was also in attendance. Both mentor and mentee were able to accept the award together and Carmen’s

impromptu acceptance speech was inspirational and a memorable highlight of the evening. As with past Women’s Circle of Excellence events, the evening ended with a fun and energetic entertainment revue by Broad Comedy. Women of all ages and walks in life were able to unwind, network, build new relationships, learn from each other and gain inspiration. The conference was sponsored in part by State Farm Insurance. For a complete list of sponsors, please see: and_Friends/WomensCircle.html. In 2013, the Women’s Circle of Excellence will once again partner with Prospera Business Network and the Women’s Business Center to host the W2 Conference to be held on Thursday, May 23, at the Best Western GranTree Inn. For more information, please contact Audrey Lee at or 406-994-7026.

Speaker Dr. Kitty Saylor during the conference’s opening session


Internships Offer CoB Students a

Wide Range of Experiences

Shaina Adami poses in front of a Blue Angels aircraft during her internship at Boeing in 2012

College of Business (CoB) students who take advantage of internship opportunities during their college years reap many rewards. From real-world business experience and on-the-job training in professionalism and skill building to an enriched undergraduate educational experience, these rewards stay with them throughout their professional careers. In addition, internships help better prepare students when they graduate and can make finding that first job out of college a whole lot easier. One company that has set itself apart through its outstanding internship program is Boeing. Since 2005, nearly 30 CoB students have benefited from Boeing internships, which reflect the company’s commitment to higher education and corporate citizenship. “Our internship program gives students work experience that adds measurable value to Boeing,” explained Don Larson, CoB alumnus and director of staffing operations at Boeing. “Students engage in meaningful projects that offer experience in leadership, team-building and technical expertise— all skills they can use in any career path they choose.” Students selected into Boeing’s highly competitive internship program are hired as employees for the length of their internships, with all the benefits and perks afforded any Boeing employee. Students are able to work with mentors, who help acclimate them to the company. They meet regularly with their assigned manager to receive and implement project assignments. They also complete the company’s standard performance review process to set goals and measure their performance. Shaina Adami, a CoB marketing major who interned with Boeing in 2012, worked on two projects during her internship. She evaluated trends pertaining to the retention of new employees and conducted a needs analysis of the training Boeing provides to its pilots. “Boeing trains pilots from all over the world on the use of its aircraft,” explained Adami. “My job was to evaluate the training methods, determine their effectiveness, and make recommendations for improvement.” Adami interviewed pilots from Boeing locations including Seattle, Singapore, London, and Miami.

She familiarized herself with Boeing’s existing training methods, including computer-based training simulators, and assembled a cross-functional team comprised of pilots, videographers, and other training experts to help with the assessment. Once Adami compiled the data for her needs analysis, she presented her findings and recommendations to the director of training for Boeing’s 737 fleet, and his staff. Collectively, this group is responsible for all training efforts for Boeing pilots. “I presented my report at 8 a.m. and by 2 p.m. we were filming a new training video to implement my ideas,” said Adami. “It was great to see how quickly Boeing was willing to act on my findings and implement these ideas.” Adami’s experiences working with a crossfunctional team and presenting her findings to Boeing executives, while amassing many professional business skills and experiences throughout her internship, are indicative of the high level of responsibility, trust, and expectations placed on Boeing interns. “Boeing offers a rare opportunity for CoB students to experience a large, global manufacturing company,” said Susan Dana, associate dean for academic affairs in the CoB. “Our students may or may not decide on a career with a large organization, but everything they learn through their internships with Boeing is so relevant to any career in business they choose to pursue afterwards.” In addition to all this valuable, real-world experience, Boeing also encourages its interns to take full advantage of a host of other opportunities including tours of Boeing’s local plants, conducting informal interviews throughout the company, receiving additional training through small classes, and participating in organized tours of the area’s attractions and amenities. While student interns often benefit greatly from a well-organized internship experience, the sponsoring organization also reaps many rewards. Interns contribute to their host companies by accomplishing time-sensitive projects, infusing the organization with new energy and enthusiasm, and providing up-to-date technical skills. In addition, internships are a great way for companies to assess their interns as potential employees. “Boeing has found its internship program to be incredibly effective as a strategic tool in attracting the best people we can, in all disciplines, including


business,” said Larson. “Our internship program allows us to evaluate our interns as potential employees and allows them to evaluate Boeing, to determine whether a large corporation offers the type of environment in which they want to work.” Some Boeing interns—like Mackenzie Fisher, a CoB graduate who interned with Boeing in 2005—were hired as full-time employees in Boeing’s Business Career Foundation Program (BCFP). The BCFP provides a two-year intensive employee training program in which new hires rotate through six jobs in four-month rotations. Fisher rotated through accounting, financial planning, cost management, and estimating, and chose two elective rotations in public relations/communications and contracts. She found her niche in the contracts department, where she has worked for four years. “I love what I’m doing in the contracts department,” said Fisher, regional support in the contracts department at Boeing. “I like that half my day is spent strategically thinking; whereas, the other half is administrative in nature. I have a lot of autonomy in how my days are structured.” Boeing converts approximately 60% of its interns into full-time employees, and its BCFP is highly selective. The company looks for individuals who demonstrate strong technical and analytical skills, are inquisitive, can work on their own, will go that extra mile to accomplish a goal, are effective as team members, and will represent Boeing well, as employees. “We want to hire people who will flourish, participate, and successfully contribute to Boeing’s unique environment,” explains Larson. “We want our employees to come here, grow with us, and spend their careers here.” CoB students participated in 116 internships in 2012, the majority of which were in Montana, with 20 out-of-state internships. Most students hear about internship opportunities through MSU Career, Internships and Student Employment’s college career fairs, offered in the fall and spring at MSU, or through local college or department initiatives, such as those organized through the Bracken Center in the CoB. The CoB hosts two recruiting events each fall, which give business students the opportunity to meet business recruiters from area and out-of-state organizations. “It is such an amazing opportunity for students at all levels to meet recruiters and ask them about the degrees and attributes they are looking for in their employees,” said Larson. “This form of networking leads to valuable opportunities for students that may not come around otherwise.”

Kregg Aytes, dean of the CoB, agrees and strongly encourages all students to participate in at least one internship during college. “I did an internship similar in nature to Boeing’s, with IBM, when I was an undergrad. It was life-changing and really set the tone for my career, right out of college.” Larson offers students concrete suggestions on how to make the most of recruiting events. “Students should be prepared, take the time to look at the list of companies who will attend the recruiting event, and come prepared with specific questions for recruiters. Do your research!” In addition, Larson recommends that students begin attending recruiting events as freshmen and sophomores, and come every year. “I remember the business students who come and see me every year to ask questions and check in,” said Larson. “When I see a student for the first time as a senior, I wonder, ‘Where have you been, and why did you wait until your last year to participate?’” Student interactions with the business sector— whether through large organizations such as Boeing or smaller, family-run businesses—provide crucial opportunities for experiential learning that enriches the experiences of CoB students. This outside support comes in many forms—from businesses that seek solutions to real business situations from student groups as part of the CoB curriculum to local nonprofits who accommodate student service projects to corporate internships. “MSU produces high-quality students who become very successful,” said Larson. “Boeing participates in career fairs and recruiting events, its executives serve on CoB committees, and the company offers other means to support scholarships and other CoB programs because, as an organization, we want to contribute what we can to help continue that cycle of success.” All of this outside support infuses the CoB’s educational offerings with important business interactions, collaborations, and real-world business situations. Both businesses and students benefit greatly from this support and interaction. “The College really appreciates all that Boeing does to contribute and enhance our students’ educational experiences,” said Aytes. “We are always excited to partner with other businesses of all sizes, to offer our students real-world business experiences that highlight each organization’s unique culture and environment.” To explore ways to participate with the CoB and its initiatives, please contact Kregg Aytes at (406) 994-4423.


CoB Alumnus Honors Father With

Accounting Scholarship John D. Hertz is a local boy who grew up in Bozeman, played high school football and ran track for the Bozeman Hawks, and enjoyed skiing at Bridger Bowl. John stayed in Bozeman to continue his education at Montana State University (MSU), where he earned his business degree with honors (Acct ’89). His time at MSU prepared him well for a career in accounting. The accounting faculty made a big difference for him. John remembers Christie Johnson as his favorite professor. He said that she was very effective at teaching the concepts and that he understood everything by just listening to her lectures. “She had high standards, but was very interested in the success and progression of her students.” John Hertz John began his accounting career with KPMG, a U.S. audit, tax and advisory services firm, where he worked as an auditor for 11 years, first in Texas, and then for seven years in the Portland, Oregon office, before being selected for a two-year rotational program at the national KPMG office in New York City. When John was selected for a two-year term as Practice Fellow at the Financial Accounting Standards Board in Norwalk, Connecticut, he gained further valuable business experience. He further expanded his business knowledge through positions with Intel and Novellus Systems, before landing a job with Clearwater Paper. Now an accomplished businessman, a senior vp and chief financial officer at Clearwater Paper, John wanted to find a way to honor his father, Dr. Daniel G. Hertz, who was a long-time accounting professor in the College of Business (CoB) at MSU. He also wanted to support the CoB as a way to give back to the institution where he received the education and opportunities that led to his successful business career. John and his wife, Corey, found the perfect opportunity to honor his father—and just in time for Christmas—when they established a CoB accounting scholarship, named for his father. “Dad spent almost his entire career at MSU, so what a way to both honor his many contributions to the College of Business and allow me to give back in a way that will help future students get an MSU education and have the same opportunity with that MSU degree that I had,” explained John.

The Man Behind the Name Dr. Hertz, now retired, spent 32 years at MSU, from 1968-2000. He began his academic career teaching accounting courses and was involved with the business education program. With the elimination of the business education program, he joined the accounting faculty, and over the next 16 years, he coordinated and taught managerial accounting and principles of accounting courses. The last seven years of his tenure, he was the coordinator of the Masters of Professional Accountancy (MPAc) program, as well. Dr. Hertz thoroughly enjoyed his time teaching at MSU and remembers many of his students, which he keeps in contact with through Alumni Association gatherings. Three of his students at the CoB became some of his son’s favorite teachers at Bozeman High School—Peggy Ross, in accounting; Carol Perlinski, in typing; and Scott MacDonald, in accounting and P.E. Dr. Hertz said it was always interesting to get to know former students’ children, who also attended MSU. Over the years he said, “I have been impressed with the caliber of students in the College of Business.” Importance of Education Dr. Hertz learned education’s importance from his mother, who was his first teacher during grade school in North Dakota. “She instilled the importance of education, and I have become a life time learner,” he said. Graduating from college in North Dakota in 1960, Dr. Hertz took his first job in Montana as the business teacher at Powell County High School in Deer Lodge. He received his master’s degree in business from the University of Wyoming in 1966 and completed his doctoral degree in 1972. Dr. Hertz describes these times as tough years, trying to make ends meet with two young children while teaching adult education classes in the evening, and working the combine at the family farm in North Dakota, after summer session ended. “College costs are considerably higher now than they were then, so I am aware of how the availability of scholarships will enable good students to continue their college education, explained Dr. Hertz. “This scholarship is impressive to me, as it will encourage the excellent students


enrolled in the CoB to continue on with their accounting curriculum. As an endowment scholarship, this money will be available for future generations, and it will be interesting to follow these students as they complete their degrees and go on in their accounting and/or business careers.” Giving Back After working with the MSU Foundation to establish the Daniel G. Hertz Scholarship, John and Corey had a “certificate of recognition” framed and wrapped for his father as a Christmas present. His parents spent Christmas in Arizona, so John did not witness the unveiling of the gift firsthand. His father described the exact moment he opened the present: “My reaction was –WOW!—Really—Son! John, what have you done?!” Dr. Hertz said that he was so surprised with the gift and felt very honored that his son would do this for him, in recognition of his many years teaching at MSU. “I am so very proud that he has chosen to give back to MSU in this way,” Dr.Hertz said. When asked what inspired him to give back to the CoB, John described it as a confluence of many different things: “I truly loved my years at Montana State—the campus, the professors, the students, the location, everything. There was also the strong education that MSU provided, which gave me the foundation to go out and have a very interesting, challenging, and successful career.” In addition, the desire to give back to MSU was a motivating force for John. He explained, “I have always felt that I’d like to give back to MSU in some significant way. I have been fortunate with the way my career has progressed thus far, and I now have the ability to act on that desire to give back. Then, combine that with an ability to honor my father, who spent almost his entire career as an accounting professor, and this scholarship opportunity couldn’t be more perfect.” Advice for Students From the perspectives of both a professor and alumnus, the Hertz’s have some important advice for current CoB students: Dr. Hertz would recommend that students “get their minds made up about completing a bachelor’s and master’s

degree in 5 years, if possible. Don’t string it out, because too many students don’t finish.” He also advises students to “look at what is available to them upon graduation, early in their college careers.” He reminds students, “the accounting department always has recruiters paying top dollar for CoB graduates” and cautions students that they “cannot expect to start out as CFO, but with diligent work in the early years, promotion opportunities certainly are there.” He also mentioned the importance of student exchanges and encouraged all students to participate, whether the exchange is national or international. John also contributed valuable advice: “Pick a subject area that you feel passionate about and always push and challenge yourself. Also, college should be one of the most fun times of your life…while you need to focus and work hard, you must also have time to play hard, once in a while.” The CoB hopes to award the first Daniel G. Hertz Accounting Student Scholarship for the 2014-2015 academic year. Jackie Sather, Director of Development for the CoB is delighted with the opportunities this scholarship will provide for business students. “A gift like this is truly inspirational. Not only will it support a student today, but placed in this endowment, it will continue to support accounting students for years to come.” For more information on this scholarship endowment or other opportunities to support the CoB, please contact Jackie Sather at or 406-994-6766.

Dr. Daniel G. Hertz

Three MSU CoB Alumni Pass the Level III Chartered Financial Analyst Exam Chase Basta, Cairn Clark and Austin Owens passed the June 2012 Level III Chartered Financial Analyst (CFA) Exam. This is the final exam of three levels, which are necessary to complete for the CFA program. These three candidates now will be eligible for the CFA designation once they complete five years of practical professional service. CoB graduates have had a high success rate in the CFA program. With three out of three CoB alumni candidates passing the Level III exam, their performance is a strong testament to the caliber of students graduating from the finance option, the quality of their education, and the faculty dedication and support for these graduates. Four additional CoB students, who are graduating in spring 2013, have received CFA Institute scholarships to take the June 2013 Level I exam. For more information about the CFA designation and how the CoB is working with students to prepare them for careers in investment management, please contact Frank Kerins:


Quigley, continued from p. 10 on how they hold me back from being the person I am meant to be professionally and personally. Also, never underestimate the power of networking! Relationship building is worth the investment.” The CoB’s goal is to educate students in business and to equip them with the skills to challenge themselves to grow personally and professionally. Professional programs, like the PCC, help our students succeed after graduation and foster selfconfidence and educational excellence. For more information about the Professional Coaching Clinic, please go to http://www.montana. edu/cob/bracken/pcc.html Ferguson, continued from p. 16 course projects, he had proactively translated “wood” into several regional languages and connected via e-mail with potential business contacts. After the course was finished, Ferguson traveled to four other countries, meeting with these contacts and building relationships with potential clients. “It was an incredible experience,” Ferguson said about his study abroad opportunity. “Studying abroad was one of the best experiences in my life. Being immersed in a different culture is wonderful, and to take what I had learned and directly apply it while overseas was incredible. I hope to travel the world in search of reclaimed timber and this was the first step.”

LESSONS LEARNED Ferguson will tell you, “If it were not for my education from MSU, I would never be where I am today.” When he first began working at Montana Reclaimed Lumber, they had seven employees. Now there are around 26, and he has his own office. Over the past few years, he has helped pull, process, and streamline orders, as well as worked with the company’s network and database to keep things running smoothly. Now he does a little bit of everything, and he has been spending a lot of time working with customers and designing products. Ferguson has been able to travel to interesting trade shows, been involved in the timber framers guild, and worked on optimizing the company’s marketing and Internet presence. Ferguson says, “I love the reclaimed lumber business, and I feel like I have started to make a name for myself in this industry.” Ferguson credits the CoB for helping him develop his skills to take on these challenges. He says, “My MSU education has helped me to learn and apply business knowledge to tasks that I am working on at the company. The general background provided for all CoB business students, including the accounting, operations management, human resources, economics, and the other general courses have really helped me to understand the bigger picture of how (businesses operate) and how to apply this knowledge to this small business, and where it can go in the

2012 Graduating Student Profile Options


Total Graduates: 202 Accounting Finance Management Marketing

Accounting Business Administration Entrepreneurship & Small Business Management International Business Management of Information Technology Total Graduates

5 34 48

Average Graduating GPA:


37 37 68 60

Female/Male Ratio Male Female

118 84

Master of Professional Accountancy (MPAc) Total Graduates: Male Female

33 8 25

12 6 105


future. It also provided with me insights into markets and how a unique business such as this can perform in this economy.” FUTURE PLANS? Ferguson plans on graduating this spring, which he describes as good timing since it has become increasingly difficult to juggle his workload and clients with school. “I appreciate all of the opportunity provided to me by MSU and the College of Business and am thankful for the position I find myself in now.” After graduation, Ferguson will continue to work for Montana Reclaimed Lumber and chase his dreams of traveling the world through his work in the reclaimed lumber industry. Major Milestone, Continued from page 35 Tim who are constantly bringing the excitement of our campus programs to a wide audience and encouraging them to continue their education and contribute to the economic vitality of the state. This is a particularly effective program, and I’m proud of Tim’s long involvement in the process.” When asked what this program means to him, Alzheimer says “This generation of student learns much differently than I did. Today’s students are more ‘hands on’ in their approach to learning. I want

students to get excited about their education and a possible future career in business, and this simulation accomplishes both purposes. The Business Challenge brings business to life as much as is possible using a simulation.” Entrepreneur Day, Continued from page 40 This is just a different experience that they wouldn’t get in a classroom setting.” Dave Stukey, with CM Russell High School in Great Falls, said his students enjoyed being in Bozeman and on the MSU campus, experiencing the college atmosphere. He added, “They loved the speaker from Red Ants Pants. They enjoyed interacting with other students from around the state. I enjoyed the opportunity to bring my students and appreciated the efforts of the staff and students to make this a positive learning experience for all involved.” Originally started through a small SBA (Small Business Association) grant, Entrepreneur Day is now funded in part by Boeing and the Jake Jabs Center for Entrepreneurship. For more information about the event or how to participate, please contact Audrey Lee at or 406-994-7026.

CoB 2012 International Exchange Students Norway: 3

Sweden: 1

Canada: 5 Germany: 1

Kuwait: 2 Tajikistan: 1 Mexico: 3

Saudi Arabia: 10

Haiti: 1

South Korea: 5

Mongolia: 1 China: 37

Bangladesh: 1 India: 4

Jamaica: 1 Nigeria: 2

Various Countries not listed: 16

Total International Students for 2012: 99

Malaysia: 3

Japan: 2

56 Title

Honor Roll

of Donors


Individuals Every effort has been made to ensure that all names are listed correctly. This list represents donations given in 2012. If your name has been inadvertently omitted or misspelled, please contact Jackie Sather at 406.994.6766 or

A Mr. Travis & Mrs. Linda Addington Mr. Frank & Mrs. Bonnie Ahl Ms. Carrie Albro Mr. James & Mrs. Connie Alderson Mr. Kent & Mrs. Claudia Aldrich Mr. Michael Altringer Mr. Ronald Anderson Mr. Mark & Mrs. Mitsi Andrews Mr. Jason & Mrs. Erika Armistead Mrs. Geraldine Ashton Mr. Ronald & Mrs. Celeste Askin Mr. Tory Atkins & Mrs. Torrian DeanAtkins Mr. Terry & Mrs. Susana Averett

B Mr. Ralph Bachmeier Mrs. Bette Ballbach Mr. Ted Bangert Mr. Scott & Mrs. Rosalie Barndt Mr. Gary & Mrs. Nina Bartolett Mr. Earl & Mrs. Connie Bartram Mr. Fred Bateman Mr. Michael Baugh Mr. Jack & Mrs. Sara Beals Mr. Brandon & Ms. Susan Beavers Mr. Dave & Mrs. Danette Bell Mr. Rodney & Ms. Lori Bennett Mr. Stephen Bennett Mr. Carl & Mrs. Denise Benson Mr. M. Jeffrey & Mrs. Suzanne Berglund Mr. Lyle & Mrs. Peggy Biekert Mr. Richard & Mrs. Susan Bierwagen Mr. Daniel & Mrs. Karen Birrer Mr. Robert & Mrs. Annette Bjelland Mr. Sidney Blair

Mr. Todd & Mrs. Sherry Blass Mr. Bud Blazier Jr. Mr. Michael & Mrs. Marie Bloch Mr. Phillip & Mrs. Linda Boggio Mr. Kevin Bokovoy & Mrs. Brenda Quay-Bokovoy Mr. Mark & Mrs. Judy Bond Mr. Jason & Ms. Julie Boswell Ms. Meg Boswell Mr. Frank Jr. & Mrs. Cheryl Boucher Mr. James & Mrs. Kristen Bowditch Mr. Thomas Lyons & Mrs. Cherie Bowman-Lyons Mr. John & Mrs. Sessaly Boyd Mr. Robert & Mrs. Diane Boyd Mr. Travis Brazill Mrs. Margie Brickley Mr. Bill & Mrs. Mary Bridger Mr. Richard Bronec Mr. Ernest Brooner Mr. Mark & Ms. Mary Bryson Jesse Budd Mr. Richard & Mrs. Robin Bugni

C Dr. David & Mrs. Tanya Cameron Mr. Casey Carlson & Mrs. Kathleen Schakel-Carlson Mr. Jim & Mrs. Pat Carlson Mr. Lyn & Mrs. Linda Carlson Mr. Robert & Mrs. Jeanette Carter Mr. Theodore & Mrs. Virginia Carter Ms. Gloria Cervenka Mr. Nathan & Mrs. Dela Chatriand Dr. Dana Niendorf & Mrs. Cynthia Chauner-Niendorf Mr. Bruce & Mrs. Jean Christensen Mr. Brian & Mrs. Marie Clark Mr. Robert & Mrs. Sally Clark

Mr. Roger & Mrs. Sophie Clifton Mr. Robert & Mrs. Amiee Coffey Mrs. Gladys Cole Mr. Eugene & Mrs. Mary Jo Cole Mr. William & Mrs. Melissa Collins Mr. Charles & Mrs. Karrie Crabtree Mr. Derron & Mrs. Tammi Craft Mr. Steven & Mrs. Stacey Craig Ms. Ellen Crandell Mr. Russell & Mrs. Lora Crawford Mr. Chuck Cremer Mrs. Jean Cress Mr. Stanley & Mrs. Michele Crouse

D Mr. Boyd Dailey Mr. Burke & Mrs. Rena Dambly Mr. Ian & Mrs. Nancy Davidson Mrs. Juleanne Dawson Mr. Douglas & Mrs. Nancy Dear Mr. Richard Deming & Ms. Julie Bennett Mr. Donald & Mrs. Marilyn Derks Mr. Pete Dickman & Ms. Laurie Scalabrini Mr. Patrick & Mrs. Lois DiFronzo Mr. Ron Dissly Mr. Samuel & Mrs. Kimberly Dole Mr. Dennis & Mrs. Jeane Downing Mr. Dominic Duchesneau Mr. Michael & Mrs. Tracy DuFresne Mr. Jerry & Mrs. Gail Dugan Ms. Patricia Dunn Mr. Andrew Durkin

E Mr. Robert Edwards Mr. Brian & Mrs. Vicki Eggebrecht Mr. Craig & Mrs. Hilarie Ehlert


Mr. Michael & Mrs. Donita Eide Mr. Ray & Mrs. Bonnie Eisenbies Mr. Todd Eliason & Mrs. Arlene Eliason Mr. Leslie & Ms. Dee Elliott Mr. Paul Ellis Mr. Thomas & Mrs. Diane Erickson Ms. Deborah Ernst Mr. Lester & Ms. Carol Ezrati

F Mr. Charles & Ms. Arlene Fabratz Mr. Kirk & Mrs. Andrea Falcon Mr. Peter & Ms. Tonya Farr Mr. Chad & Mrs. Jane Farrington Mr. Joseph & Mrs. Carrie Faulhaber Mr. Lawrence & Mrs. Frankie Fickler Ms. Frances Fields Mr. James & Mrs. Marcy Fisher Mr. Nick & Mrs. Onalee Flynn Maj. Jason & Mrs. Anita Foster Mr. Mike Fralick Mr. Bradley & Ms. Stefeni Freese Mr. Thomas & Mrs. Kathleen Frisby Mr. Larry & Mrs. Kathy Fritz Mr. Jason & Mrs. Erin Furr

G Mr. David Gardner Mr. Daniel & Mrs. Kelly Gaugler Mr. Duane & Mrs. Katherine Gebhardt Mr. David & Mrs. Marca Gibson Mr. Bob & Mrs. Sandra Given Col. Mark Goble (Ret.) & Mrs. Kathryn Goble Ms. Kelli Goodian-Delys Mr. Lyle & Mrs. Evelyn Gorman Mr. Carl & Mrs. Cyndi Graham Mr. Doug & Mrs. Lynn Grisham Mr. Norman & Mrs. Patricia Grosfield Mr. Gary Gustafson

H Mr. Larry Haferman & Mrs. Susan Carstensen Mr. Jeffrey Hall & Mrs. Penny Johnson Ms. Kaye Hamby Mr. Allan & Mrs. Molly Hammell

Mrs. Marjorie Hanes Mr. James & Mrs. Dawn Hankel Mr. Stacy & Mrs. Teresa Hanser Ms. Kerry Hanson & Mr. Glen Steinhoff Mr. Michael Hart Mr. William & Mrs. Elizabeth Hart Mr. William & Mrs. Diana Hart Mr. Brant & Mrs. Deborah Harwood Mr. Scott & Mrs. Barbara Heck Mr. Ned & Mrs. Rachel Heitz Mr. Carter Helseth Jr. Mr. Scott & Mrs. Traci Henderson Mr. Dean & Mrs. Debbie Hendrickson Mr. Robert & Mrs. Deborah Hendrickson Mr. Roger & Mrs. Lynne Hendrickson Ms. Laura Hermansen Mr. John & Mrs. Corey Hertz Mr. David Hill Mrs. Kathleen & Mr. Greg Hodgins Ms. Gayle Hokanson Mr. Scott & Mrs. Jennie Holton Mr. Michael & Mrs. Kristin Hope Mr. Pete Horn Mr. Barry & Mrs. Frieda Houser Ms. Pam Howland Mr. Mark & Ms. Cindy Huber Mr. Kevin & Mrs. Robin Hubley CPA Mr. Franklin & Mrs. Sarah Huckins Mr. Donald & Mrs. Leslie Huffman Mr. Charles & Mrs. Sandra Hull Mr. Vincent & Ms. Anne Hull Mr. Casey Hultquist Mr. Bill II & Mrs. Margo Humenczuk Mrs. Marjorie Hunt Dr. William Hunt Mr. William & Mrs. Paula Hurlbert Mr. Warren Hysell & Mrs. Carol Senn

I Mr. Walter & Mrs. Betty Imlay Mr. Roger & Mrs. Betsy Indreland Ms. Eleanor Inglis Mr. Raymond Irion Mr. Dwaine & Mrs. Barbara Iverson

J Mr. Jacob Jabs Mr. Donald & Mrs. Connie Jackson Mr. Wade & Mrs. Susan Jacobsen Mr. Joseph Janhunen Mrs. Peggy Jennings Mr. Tyler & Ms. Kim Jensen Mr. Greg & Mrs. Barbara Jergeson Mr. Carl & Mrs. Sheril Jessen Mr. Charles Jones Mr. Kenneth & Mrs. Evelyn Jones Ms. Rosanne Jones

K Mr. Alan & Mrs. Jean Kahn Mr. Timothy Kalberg Mr. Scott & Mrs. Jolyn Kanning Ms. Arlene Karinen Mr. Brett & Mrs. Carlen Keaster Mr. Kerry & Mrs. Susan Kegel Mrs. Martha Kelsey Ms. Vickie Kemmerer Mr. Thomas & Mrs. Lisa Kimmet Mr. Jeff King & Mrs. Jody Collis King Mr. Philip & Mrs. Anne Kirk Mr. Steve & Mrs. Anne Kloppel Mr. Donald & Mrs. Sharon Klundt Mr. Donald & Mrs. Lynn Knight Mr. Jon Knokey Mr. Mark Kohoutek & Mrs. Patty Murphy-Kohoutek Mr. Tony & Mrs. Teresa Kolnik Ms. Raeanne Kooren Mr. George & Mrs. Mary Kroll Mr. Derrick Krueger Mr. Michael & Mrs. Heather Kubas Mr. Pat & Mrs. Jean Kunz Mr. Reuben & Mrs. Elizabeth Kuntz

L Mr. Kenneth & Mrs. Carolyn Laddusaw Ms. Cori LaFever Mr. Donald & Ms. Jami Laird Dr. Duane & Mrs. Mary Ann Lammers Mr. William Lancaster Mr. John Landerdahl Mr. Kevin & Mrs. Kathy Lang


Mr. William & Mrs. Connie Lange Mr. William & Mrs. Jamie Langlas Mr. Donald & Mrs. Stephanie Larson Mr. Reed & Ms. Cheryl Larson Mr. Kenton & Ms. Monette Lembke Mr. Brian & Mrs. Amber Lewandowski Ms. Tamara Libbey Mr. Todd & Mrs. Jeanelle Lindsey Mr. Richard & Mrs. Patricia Lodmell Mr. Brian & Mrs. Patricia Loucks Mr. Randal & Mrs. Teri Lund Mr. Dennis & Mrs. Diane Lusin

M Mr. Edward & Mrs. Marjorie MacClean Mr. John MacDonald Ms. Jean MacLeod Mr. Brian & Mrs. Brenda MacNeill Mr. Thomas & Mrs. Janel Madrazo Mr. Jay & Mrs. Susan Madson Ms. Maureen Maloughney Mr. Edward & Mrs. Patricia Mangis Mr. Derek & Ms. Ann Marlin Mr. Tony & Mrs. Christie Martel Mr. Robin & Ms. Karla Martinez Ms. Molly Mason Mr. Darren Mrs. Karen Massey Mr. Ronald Matelich & Ms. Swithin McGrath Mr. Jon & Mrs. Diana Mattfeldt Mr. David & Mrs. Suzanne Mattson Mr. Jim & Mrs. Jacqueline Maunder Mr. James & Mrs. Shelley McCormick Mrs. Briana McCrumb Mr. Scott & Mrs. Kathleen McFarland Mr. John McIlhattan Mr. Todd & Mrs. Jennifer McKay Ms. Teresa McKnight Mr. Bill & Mrs. Elaine McLean Mr. Keelan McNulty Mr. Duncan & Mrs. Terri McRae Mr. Ryan Thomas & Ms. Lyndsey Medsker Mr. Robert & Ms. Tricia Melgaard Mr. Michael & Mrs. Jamie Menasco

Dr. Nancy Merritt Mr. Charles Jr. & Mrs. Susie Metully Mrs. Jennifer Meulemans Mr. Larry & Mrs. Lynda Mikkola Mr. Gerald & Mrs. Donnalee Miller Mr. Wayne & Mrs. Carol Miller Mr. Steven & Mrs. Susan Moore Mr. Terrill & Mrs. Tena Moore Mr. Jay & Mrs. Shelly Morasko Mr. Michael & Mrs. Joni Morella Mr. Peter & Mrs. Dana Morgan Mr. Glenn & Mrs. Joanne Mrjenovich Mr. Patrick & Mrs. Janet Mullaney Mr. Don & Mrs. Cynthia Murray

N Ms. Melinda Neely Mr. James Nell & Ms. Diane Bianchi Mr. Kurt & Mrs. Gail Nelson Mr. Joseph & Mrs. Lois Nemes Mr. John & Mrs. Judy Nerison Mr. Alan & Ms. Nancy Nicholson Mr. Allen & Mrs. Amber Nordahl Mr. Rodger & Ms. Laura Nordahl

O Mr. Todd & Mrs. Melissa O’Hair Mrs. Jamie Okes Mr. Jerry & Mrs. Kathy Olds Mrs. Brenda Olson Mr. Donald Olsson Mr. Soren & Mrs. Waltara Orley Ms. Delores Osnik Mr. Joseph Ottoy

P Mr. Greg & Mrs. Jill Page Mr. Thomas & Mrs. Lexie Pankratz Mr. Bruce & Mrs. Lisa Parker Mr. Harlan & Mrs. Linda Patterson Mr. Steven Patton Mr. Robert & Mrs. Mary Peck Mr. John & Mrs. Lorraine Peterson Mr. Larry Peterson & Ms. Mary Peterson Mr. Lowell & Mrs. Deborah Peterson Mr. Shawn & Mrs. Lisa Peterson Mr. Richard & Ms. Colleen Peterson Mr. Scott Peterson Mr. Thomas & Mrs. Joyce Pickard

Mr. David Pinto Ms. Shelly WongPinto Mr. Charles & Mrs. Rebecca Pipal Mr. Kenneth & Mrs. Donna Potts Mr. Terry Povah & Ms. Candace Davis Mr. James Powell & Mrs. Nancy Powell Mr. Erik & Mrs. Karen Powell Mr. Scott Prickett Mr. William & Mrs. Michelle Procunier Mr. Jason & Mrs. Lori Purpura

Q Mr. Thomas Quilici & Mrs. Amy Quilici Mr. James Jr. & Mrs. Brittany Quinn

R Mr. Joe & Mrs. Loralee Raatz Mr. Keith & Mrs. Aaron Ranisate Ms. Vickie Rauser Dr. Bruce & Mrs. Valerie Raymond Mr. Darryl & Mrs. Susan Razzano Mr. Brent & Mrs. Mary Rehm Mr. Shane & Mrs. Sara Rehm Mr. John Rennie Mr. Douglas & Mrs. Sarah Richter Mr. Sean & Ms. Andrea Ridl Mr. Neal & Ms. Marla Riley Mr. John & Mrs. Dawn Ripley Mr. Jay & Mrs. Phyllis Ritland Mr. Ben & Mrs. DeeDee Rixe Mr. Michael Robson Mrs. Jeanne Roby Mr. Edward & Mrs. Tricia Rollins Mr. Bill Roscoe & Ms. Corine Swanson Mr. Ralph Roscoe Mr. John Roylance Mr. Leif & Mrs. Barbara Roys Mr. Scott & Mrs. Lisa Rubino Mr. Joseph & Ms. Melanie Ruby Mr. Joseph Ruffatto Mr. Daniel Ryan




Mr. Fred Sagebaum Mr. Kenneth & Mrs. Eileen Salo Mr. Jason & Mrs. Shan Salois Dr. Thomas & Mrs. Jackie Sather Mr. Jason Schramm Mr. Jeremy & Mrs. Stacey Scott Mr. Bruce Scovill & Ms. Nina Young Mr. Ryan Screnar Mr. Rory & Mrs. Kimberly Seidlitz Mr. Dan & Mrs. Michelle Sevier Mr. Toby Shannon Mr. Ira Shaulis Ms. Susan Shyne & Dawson Mr. Chad & Mrs. Leslie Simonson Mr. Ross & Ms. Joyce Simser Mr. Scott & Mrs. Melanie Smith Mr. Scott & Mrs. Scoti Snider Ms. Marlene Snodgrass Mr. Rodney & Mrs. Robin Sorensen Ms. Violetta Sorokina Dr. Stephen & Mrs. Lois Spencer Ms. Jaime Spino Mr. Charles Stalnaker Jr. Mrs. Maxine Stamper Mrs. Julie Staudinger Mr. Stephen & Mrs. Shelley Staudinger Mr. John & Mrs. Laura Steinhoff Mr. Dave Stensland & Ms. Karen Daniels Mr. Duncan Stewart Mr. John Stickel Mr. Wayne & Mrs. Ruth Stoffel Ms. Candace Strauss Mr. Robert & Mrs. Vicki Stubbs Mr. Robert & Mrs. Eleanor Surdam Mrs. Linda & Mr. Vernon Svensrud Mr. Murray & Mrs. Thea Swenson Mr. Robin & Mrs. Carolyn Swenson Mr. Ted & Mrs. Dorothy Swift

Mr. Wyman & Mrs. Dee Taylor Mr. Timothy & Mrs. Tempel Mr. Bob & Ms. Debra Thomas Mr. Brian & Mrs. Laura Thomas Mr. John & Mrs. Linda Thompson Mr. Kenneth & Mrs. Barbara Thompson Mr. Scott & Mrs. Jill Thompson Mr. Timothy & Mrs. Cindy Thompson Mr. Scott Tomchick & Mrs. Pamela Keller Mr. Fred Town & Mrs. Karen Walsh Town Mr. Fred & Mrs. Virginia Traeger

U Ms. Ruth Uhl Mr. Forrest & Mrs. Linda Ullman Mr. Daniel & Mrs. Donna Upton Mr. Tom Upton

V Mr. Charles & Mrs. Heather Vadun Mr. Curtis & Mrs. Kristin Van Luchene Mrs. Jessica Van Voast Mr. Michael VanDyken & Mrs. Elise Burkart Mr. Leland VanWinkle Mr. Kenneth & Mrs. Teresa Verlanic Mr. Dan & Ms. Brandie Villa Mr. Kyle Viste Mr. Troy & Mrs. Angela Vollertsen Mr. Jeffrey Von Breitenfeld & Dr. Catherine Orendac Ms. Rachel Vyhnanek

W Mr. Richard Wagner Mr. Jason & Mrs. Nichole Walker Mr. Jerry Waller

Mr. John & Mrs. Katie Walsh Mr. Darrell & Mrs. Margareta Walstad Mr. Donald & Mrs. Clarice Walters Mr. Bill & Mrs. Susan Ward Mr. Michael & Mrs. Linda Ward Mrs. Jeanne Warden Mr. Marlan & Ms. Teresa Warne Mr. Harvey & Mrs. Polly Warren Mr. Gary & Mrs. Connie Waylander Mrs. Cindy Weaver Mr. Rodney Weeks Dr. Chris & Mrs. Tammy Wend Mr. Robert & Mrs. Keri Wheeler Mr. Steven & Mrs. Nita Wheeler Mr. James Whitbeck Mr. Kyle & Ms. Jamie Wieferich Mr. Bill & Mrs. Sarah Wier Mr. Frank Willett & Mrs. Arleen Boyd Mr. James & Mrs. Marilyn Williams Mr. Rocky Williams Mr. Loren & Mrs. Kimberly Willis Mr. Edwin & Mrs. Betty Wismeyer Mr. Dallas & Mrs. Debra Wivholm

Y Mr. Marc & Mrs. Mary Yeley Mr. Douglas Young Ms. Nina Young

Z Mr. Walter & Mrs. Laurie Zabel


Organizations AlphaGraphics American Bank American Furniture Warehouse Ameriprise Financial, Inc. Anderson ZurMuehlen & CO., P.C. Askmore, Inc. Associated Appraisers Bacterin International Inc. Bank of America Corporate Affairs Bar MF Inc. Benefit Managers Co. Big Sky Chapter of the Association of Certified Fraud Examiners Big Sky Western Bank Boeing Company Budget Instant Print, Inc. Cargill, Inc. Carter Construction, Inc. Charles Schwab & Co., Inc. Chevron Corporation Clearwater Paper Corporation Colgate-Palmolive Co ConocoPhillips D.A. Davidson & Co. Deloitte Foundation Depot Enterprises Dick Anderson Construction Donate for a Cause, Inc. Eide Bailly, LLP

Exxon Mobil Foundation Fickler Oil Company, Inc. Fidelity Investments Charitable Gift Fund First Interstate Bank First Interstate Bank Foundation First Security Bank Flying Horse Communications Galusha Higgins & Galusha Bill & Melinda Gates Foundation Harrington Bottling Company (PepsiCola) Highland Liquors, Inc. Hill’s Pet Nutrition, Inc. Insty Prints J&H Office Equipment, Inc. Joseph Eve CPA JRM, Inc. Junkermier Clark Campanella Stevens, P.C. JWT Restaurant Group Bozeman, LLC KBZK TV Bozeman Knees Butte Farm, Inc. KPMG Foundation Lockheed Martin Corporation McRae Financial, LLC Microsoft Corporation Montana Chamber of Commerce

Montana Community Foundation Montana Society of CPA’s MRCH-Livingston, LC dba MT’s Rib & Chop House MSU Office of Student Activities MSU School of Art Murdoch’s Ranch & Supply Nevada Restaurant Services, DBA U1 Gaming O’Berry Collaborative Oracle Corporation Matching Gifts Program Payne West Insurance Pennsylvania Power & Light Pine Cove Consulting, LLC Ritland Farms Rudd & Company Schweitzer Engineering Laboratories, Inc. State Farm Insurance Stephen J. Spencer, DDS, PLLC US Bancorp Foundation Vanguard Charitable Endowment Program Wells Fargo Matching Gift Program Western States Insurance Yellow Dog Flyfishing Adventures Zoot Enterprises

Architectural Renderings for New CoB Building

View from Northeast

Entry plaza at night

Looking toward the Bridger Range


Endowments We thank the following individuals and businesses who have honored the College of Business (CoB) with established endowments. Endowments are a way to match a donor’s interest with Montana State University’s priorities, needs and objectives. Working together, the CoB and the donor create an endowment that reflects a commonality of goals. Endowment gifts may be set up to offer a scholarship to an exceptional student, support an outstanding professor, award excellence, and honor loved ones. Because endowments are held in perpetuity and invested for the long term, these gifts provide one of the most secure sources of future revenue. Thank you! Alderson Program in Entrepreneurship Anderson ZurMuehlen Acctng Scholarship Bob Arrotta Student Mentorship Scholarship Mary Frances Bennett Memorial Scholarship Big Sky Western Bank Business Scholarship John & Lois Blankenhorn Scholarship John W. Blankenhorn Fund for Excellence Mike Bowen Memorial Scholarship Gary K. Bracken Program for Excellence in Undergraduate Business Education Donald W. Bullock Scholarship David & Tanya Cameron Excellence in Business Scholarship Carstensen/Haferman RightNow Technologies Student Scholarship Teresa L. Clopton Business Scholarship College of Business Accounting Faculty College of Business Dean’s Endowment College of Business Faculty Development Gil Crain Memorial Scholarship D.A. Davidson Investment Program D.A. Davidson and Company Scholarship

D.A. Davidson Silver Fund Farmer Anderson Memorial Scholarship Financial Institutions Enhanced Chair Harrington Pepsi in Honor of Bob Arrotta Student Mentorship Scholarship Russ B. Hart Fund Harold & Reta Haynes Faculty Development Endowment Harold & Reta Haynes Endowment for Student Mentoring Harold & Reta Haynes Superior Performance Award Barbara & Scott Heck Business Scholarship Scott & Barbara Heck Faculty Scholar Endowment Daniel G. Hertz Accounting Student Scholarship Jake Jabs Center for Entrepreneurship Junkermier, Clark, Campanella, Stevens Scholarship KPMG Fund for Professional Accounting Development Howard Kelsey Memorial Scholarship Alice Knowles Scholarship Harvey Larson Scholarship Joe & Sharlene Loendorf Excellence in Teaching Award Mike McCue Memorial Scholarship

Mary Elizabeth McClure Memorial Scholarship Norm Millikin Excellence in Outreach & Teaching Award Elizabeth Seitz Moyer Memorial Scholarship Bettie Eagle Nelson & Peggy Roman Taylor Scholarship Thomas E. Nopper Academic Excellence Orser Endowment for Student Success David W. & Dorothy E. Patterson Scholarship Amy H. Pound Memorial Scholarship Frank Preston Business Scholarship Endowment Grace Rosness Memorial Scholarship Robert G. Simkins Memorial Scholarship State Farm Insurance Family Business Program Syverson Family Scholarship Jerry Trainer Excellence in Business Scholarship U.S. Bank Bozeman Scholarship Uzurahashi Endowment for International Studies Doris Wood Endowment for Business School

63 Title

Thank you to our College of Business Staff The College of Business’s support staff provides vital assistance to our administrative team, faculty and students in a variety of ways. From preparing payroll, drafting budgets, coordinating position searches, to faculty and student support, event planning, and project management and development, they demonstrate hard work and dedication. We would like to express our gratitude and appreciate for their support.

Audrey Lee

Jackie Sather

Brenda Truman

Linda Ward

Director of Communications and Public Relations

Director of Development

Assistant Director, Student Services

Assistant Director, The Bracken Center

Lisa Daniels Director of the Bracken Business Communications Clinic

Halina Rickman Admistrative Associate to the Dean

Barbara do Amaral Administrative Associate, Student Services

Alison Todd

Phyllis Johnson

Rilla Esbjornson

Administrative Associate to the Associate Dean for Administration and Finance

Administrative Associate, Faculty Services

Editor I Faculty Services

Annual Report Online In 2008, the College of Business (CoB) created an online version of the Annual Report as a way to keep you updated on CoB activities and news while striving to manage our financial resources wisely. As we move forward, the CoB hopes to continue this tradition by linking our homepage to our online interactive Annual Report. Please e-mail if you wish to continue to receive a hard copy of the Annual Report. Thank you for your continued support!

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Presort standard u.s. postage paid permit no. 69 bozeman, MT 59718

P.O. Box 173040 Bozeman, MT 59717-3040 406-994-4423

Performance Respect Integrit y Diligence E ngagement

Breaking ground May 3, 2013

MSU College of Business 2012 Annual Report  

Annual report for Montana State University's College of Business for 2012-2013. For more information visit the College of Business website a...

MSU College of Business 2012 Annual Report  

Annual report for Montana State University's College of Business for 2012-2013. For more information visit the College of Business website a...