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Jennings A. Jones College of Business

2015–16

Annual Report


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t was a milestone year for Jennings A. Jones College of Business, as we have continued to march toward a higher level of national prominence and regional dominance.

Students

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Faculty and Staff 20 Friends

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Brand

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Donors

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Our business and accounting accreditation was extended five more years. Only 183 institutions worldwide have AACSB accreditation—the hallmark of business education excellence—for business and accounting. Reviewers praised our commitment to MTSU’s Quest for Student Success and the quality of our advising staff­—key to significant gains in retention for freshmen and new transfer students. The year saw the launch of the Flex M.B.A., M.S. in Finance, and Business Intelligence and Analytics concentration in the M.S. in Information Systems program. The Dale Carnegie Course in Human Relations and Communication is now required for undergraduate majors and is transforming

students’ soft skills. The Real Estate program is gaining recognition regionally and nationally. We opened an upgraded M.S. in Information Systems computer lab, state-of-the-art Financial Analysis Center, and Executive Education Center. We accelerated marketing efforts with award-winning publications, advertising on Tennessee Titans broadcasts, strategically placed electronic billboards, and signage at Nashville International Airport. Studies by the Business and Economic Research Center and Office of Consumer Research received statewide and regional press coverage. Our progress is the result of a team effort by faculty, staff, students, and alumni, who play major roles in carrying on a tradition of educational excellence. It is my privilege to lead such a great college. Thank you for your ongoing support, and keep your eyes on Jones College in 2016–17!

Dean David J. Urban, Ph.D., PCM

0916-3307 • AA/EEO/disability/vet • 1,500 copies printed at Lithographics, Nashville, Tenn.


David J. Urban presents the Dean’s Scholarship to Finance major Aaliyah Yisrael at the E. W. “Wink” Midgett Awards Ceremony.

Editor/Designer Sally Ham Govan Photography J. Intintoli, Andy Heidt, Kimi Conro


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Student Grace Curtis enjoys the Jones College Advising Center’s Bounce Out games to relieve exam stress.


Scholarships

Hawkins Endowed Scholarship

The Tennessee Society of Certified Public Accountants awarded Jones College more scholarships (26) than any other school, for a total of $54,500.

John and Renee Hawkins (B.B.A., ’86) established a $1,500 one-time stipend to recognize outstanding full-time Jones College undergraduates who have achieved and maintained positive academic records and demonstrated financial need.

Economics doctoral student Fahad Gill was awarded a $5,000 dissertation research grant from the Charles Koch Foundation. Business Law minor Morgan Leigh Stanfield, who graduated in May 2016, received a full scholarship to Belmont Law School. William Manuel, Chapin McIntyre, Grant Vis, and Keysha Honey received Society of Industrial and Office Realtors scholarships.

Inaugural award recipient freshman Emily Young said, “This scholarship will help broaden my horizons by allowing me to participate in the Accelerated Bachelor’s to Master’s program to obtain an M.S. in Information Systems within five years instead of six. I am very excited about what my future holds.”

Senior Trevor Wiemann successfully defended his Honors thesis as the first Department of Economics and Finance recipient of the Buchanan Fellowship, the highest award given to entering MTSU freshmen. Marianne Jiminez earned a Student Leadership Conference scholarship from the Institute of Management Accountants Lincoln Trail Council. The Tommy T. Martin Chair of Insurance awarded 43 scholarships, totaling $50,700.

Master of Business Education graduate assistants Nick Wise, from left, Amanda Goodman, and Stephanie Keys meet with Marketing Department Interim Chair Vince Smith.

Student Success Advisors Paula Calahan, Gretchen Leming, and Emily Yttri contributed to the campus launch of the Student Success Collaborative, using data and analytics to improve student retention by networking to identify and resolve student risk. Jones College is also piloting implementation of Ellucian Degree Works, an online academic planning tool helping students and advisors determine graduation requirements.

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The Marketing and Management Internship Fair drew 24 employers. Computer Information Systems, the Association of Information Technology Professionals, and the Computer Science Department hosted IT Connect, attended by 18 companies and 200 students.

Ignite The professional development program sponsored numerous events. ■■

Business Exchange for Student Talent (Marketing and Management) was attended by 100 students and 40 employers. ■■

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Accounting’s Meet the Firms event, sponsored by Beta Alpha Psi, saw participation from 40 firms and 202 students. Exploring Careers in Supply Chain Management­hosted 45 students and 11 organizations including OHL, Frito-Lay, Nissan, Coca-Cola Bottling Co., and Kroger Transportation Center.

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A graduate studies development event featured Executive in Residence John Boyens and a panel of employers including Retta Gardner of Guaranty Trust, Trish Starkey of Schneider Electric, Townes Parsley of ODL, Jade Sampson of AMSURG, Brad Stinson of The Collective/Kindred Spirits Nashville/Symponia, and Richard Tarpey of HCA.

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Computer Information Systems students Rizwan Syed and Munmun Saha participate in the department’s IT competition.

JONES COLLEGE • MTSU • Annual Report 2015–16

Faculty presentations included “Diffusing Interpersonal Conflict” by Timothy Dunne, “Getting Started with LinkedIn” and “Scoring a Job in Sports Business” by Don Roy, “How to Work a Career Fair” by Jean Wilson, and “Creating Dynamic Presentations with Prezi” by Ronda Henderson. Professor Jean Wilson conducted resume sessions, hosted an etiquette dinner, and presented a resume workshop with Verizon Wireless recruiter Jimmi McAlister. Sherry Roberts coordinated a corporate communications careers panel with the International Association of Business Communicators. Eighty-five students attended the Digging Deeper networking event, featuring speaker Marty Mulford of the Nashville Predators. Professional photos of students were taken for LinkedIn. Goodwill Industries presented information about careers at a Career Tuesday event organized by Murat Arik. Laura Buckner and Lucy Matthews led a speed-selling event with 12 employers. Students had two minutes to introduce themselves, pose an insightful question, and position themselves as a solution to the employer’s hiring needs.

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Events

Nonprofit Summit

Global Entrepreneurship Week featured an entrepreneurship fair for high school students; a 3D-printing demonstration; panel discussions on commercializing intellectual property and immigrant entrepreneurs; Ming Wang’s keynote address on opportunity, innovation, and entrepreneurship; and Nathan Gold’s presentation on captivating an audience in 30 seconds, sponsored by the Kauffman Foundation.

The Nonprofit and Social Innovation Student Summit, funded by the Jennings and Rebecca Jones Foundation and coordinated by professors Leigh Anne Clark and Deana Raffo (Management) with Janet McCormick (Organizational Communication), hosted 30 nonprofits and 225 students from 40 majors with speakers: ■■

College social events included the Back to Business Courtyard Bash, Donuts with the Deans, and advising events such as Pop In, Lunch on Us, coffee and snacks, and Bounce Out games to relieve the stress of exams.

Presentations Economics Ph.D. Seminar speakers included Sebastian Tello-Trillo of Vanderbilt and MTSU students Nour Kattih, Dustin Rumbaugh, Caleb Watkins, Svetlana Gavrilova, Muhammed Yadudu, and Fahad Gill. Jackie Gilbert’s management students gave presentations to 20 employers in the Corporate Partner Civility Project.

Advising manager Gretchen Leming, at left, and advisor Abby Davis serve popcorn at the Pop In advising event.

JONES COLLEGE • MTSU • Annual Report 2015–16

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Sam Davidson, Cool People Care James Threadgill, Team Rubicon Lindsey Moore, Nashville Operations Director, Project C.U.R.E. Dave Rogers, U.S. Director, Hope for Justice Tara MacDougall, CEO, Discovery Center Randy Allen, Community Impact Director, United Way of Rutherford and Cannon Counties Regina Wilkerson Ward, Rutherford County Development Director, Interfaith Dental Clinic

Hands-On Projects Business owner Eric Neel of Clearwater Pool and Spa in Manchester, Tennessee, received help in preparing for a negotiation from Timothy Dunne’s graduate negotiation class and later returned to the class to report results.

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Advising


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Jones College advisors work to facilitate student success. Representing the advising staff, from left, are Kerri FrenchNelson, Meredith Young, Brandie Freeman, Paula Calahan, Jillian Jacobson, Emily Yttri, Travis Tipton, Kayli Skorupka, and Amber Bollinger. PHOTO BY DONNA GUNTER

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Blue Raider Realty Professor Philip Seagraves, with Burton Street Development, Knotted Olive Capital, and the Blue Raider Real Estate Club, helped Real Estate students and alumni launch a brokerage firm to allow undergraduates to earn a real estate license. Blue Raider Realty is committed to donating a portion of commissions to fund real estate scholarships and programs. Seagraves arranged funding and offers guidance, Jordan Cooper (B.B.A., ’15) represents alumni and develops strategy and marketing, and student Cayman Seagraves passed the real estate license exam and is already working with clients.

Competition

Theresa Huntley won the Jones College Sales Competition. In Fall 2015, Strategic Management students participated in a strategy case competition partnering with Goodwill Industries, which contributed $5,000 toward prize money. For the Spring 2016 Strategic Management case competition, students developed analyses for Enterprise Holdings, competing for prizes totaling $5,000. A team of Finance majors participating in the global CFA Research Challenge, under the guidance of faculty advisor Kevin Zhao, analyzed Nashville-based Correction Corporation of America, presented the results at Belmont University, and finished as runner-up. Zhao also advised the TVA Investment Challenge team, managing a diversified $500,000 stock portfolio, delivering a 10 percent return in 2015, ranking third among 24 participating universities, and receiving a $5,000 performance reward. In national AITP competition, Devin Marsh placed first in video. Angel Ho and Bhavesh Chovatiya received honorable mention in two categories, placing in the top five teams in both database design and Microsoft Solutions.

The Beta Alpha Psi team finished third at the Southeast regional meeting. All five MTSU teams that have competed regionally have placed. Paige Poe won third place in the Internal Audit Education Partnership case competition (Audrey Scarlata, faculty advisor).

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Recent graduates Suzan Odabasi (M.A., ’15) and John Gleason discuss the Business and Economic Research Center’s Scholars Week poster.

JONES COLLEGE • MTSU • Annual Report 2015–16


Student Organizations

Business Plan Competition

Beta Alpha Psi, an international financial information honor organization, recognized Jones College’s Zeta Gamma as a Superior Chapter.

The 2016 MTSU Business Plan Competition, sponsored by the Wright Travel Chair of Entrepreneurship, drew participation from 200 college and 70 high school students, with four finalists:

Gamma Iota Sigma insurance fraternity members attended the Annual Derek Hughes/NAPSLO Excess and Surplus Symposium. Blue Raider Real Estate Club held a Lego Palooza house-building contest to generate interest in the Real Estate program.

Awards The Department of Accounting received the Provost’s Academic Performance Award for 2015–16 for major field test results. Jones College graduate Scholars Week winners were Economics and Finance students Pramita Saha, first, and Fady Mansour, second, with Soochan Choi, Management, placing third.

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Jambourine. A business built around a patent-pending guitar sound hole tambourine for acoustic guitars. ESPY. Research-only, off-the-shelf consumable products that contain panels of microorganisms to facilitate screening of compound libraries for novel antibiotics. Huk’d. An on-demand roadside assistance app connecting tow technicians with individuals in need. Music for Youth. A social enterprise benefiting children through music mentoring, lessons, and passion for music.

The Nashville chapter of Financial Executives International recognized Francis Jenkins as Outstanding Finance Student at MTSU.

Resources

Students Cierra Baker, Courtney Lynch, and Julie Neuendorf discuss insurance fraternity Gamma Iota Sigma at the student organization fair.

The Department of Economics and Finance adopted Wall Street Prep, an online, module-based platform, as a tool for remediation and expansion of learning in M.S. in Finance and M.B.A. courses. Additional licenses were also acquired for the S&P Capitol IQ platform for access to financial data.

JONES COLLEGE • MTSU • Annual Report 2015–16

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Study Abroad

Placement

Kenny Jih took students to Taipei City in Taiwan, where they visited control centers for the bus network and traffic lights and heard National Development Council presentations on progressive e-government.

Economics Ph.D. 2016 graduates accepting job offers were Dustin Rumbaugh as visiting assistant professor of economics at Belmont University and Fahad Gill as data scientist at Wind Logics, an energy solutions firm in Fort Lauderdale, Florida. Svetlana Gavrilova completed an internship with the Tennessee Treasury Department’s Investments Division. Nathan Neely, the first Computer Information Systems Accelerated Bachelor’s to Master’s graduate, is an associate reporting application engineer at HCA.

Graduate students of Kim Sokoya visited China, where they took classes with students from Hangzhou Normal University. Nine students studied International Business in Finland with Laura Buckner. Three other students took classes in Italy, Spain, and Japan.

Field Trips

New Programs

Cliff Welborn’s Management students toured the General Mills Yoplait plant to learn how executives use key performance indicators in managing operations.

A Corporate Communication minor is available for business and other

Real Estate students visited Bucksnort Ridge, where they used maps and government documents to identify property boundaries and optimal building sites. They also toured a downtown Murfreesboro commercial building and reviewed the project’s investment financials.

in Finance is being offered starting in Fall 2016.

Institute of Management Accountants members toured Jack Daniel’s Distillery accounting offices with faculty advisor Jeannie Harrington.

majors such as Public Relations and Organizational Communication. The Accelerated Bachelor’s to Master’s (ABM) program

From left, Cameron Johnson, Devin Henderson, and Yinka Oladinni enjoy coffee and snacks with the Jones College advising staff. PHOTO BY SALLY GOVAN

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JONES COLLEGE • MTSU • Annual Report 2015–16


d e v e l o p i n g

F A C U L T Y AND S T A F F


Bichaka Fayissa served as Department of Economics and Finance interim chair.


Personnel Changes Economics and Finance. ■■ Bichaka Fayissa, interim chair ■■ Dave Wood, Tommy T. Martin Chair of Insurance ■■ Adam Rennhoff, Economics graduate director ■■ Sabrina Wright, executive aide

Faculty from Industry Students learn about real-world business from faculty who bring knowledge from industry experience into the classroom. ■■

Accounting. Jeannie Harrington, interim chair Marketing. Vince Smith, interim chair Management. Allyson Baugh, secretary

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Computer Information Systems. Erica Williamson, executive aide Retirements. ■■ Ken Hollman, Tommy T. Martin Chair of Insurance ■■ Mary Phillips, Accounting ■■ Joachim Zietz, Economics and Finance ■■ Marc Singer, Management Jones College mourns the death of Accounting lecturer Bill Mooningham.

Chris Swoner (B.B.A., ’07) is joining the Tennessee Small Business Development Center as service center coordinator after earning his M.B.A. at the University of California–Irvine and working in global network operations with Blizzard Entertainment.

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Dan Joaquin has more than 40 years of experience in information technology, including management positions at IBM, Gap, and WilliamsSonoma. Retired from industry, he is contributing to the new Business Intelligence and Analytics curriculum in Computer Information Systems. Chris Jackson, CLU, ChFC, FLMI, ACS, senior analyst at State Farm’s operations unit, taught in the Department of Economics and Finance in 2015–16. Lorelei Samuelson, director of business intelligence for SME Solutions Group, is an adjunct lecturer in Computer Information Systems. Kevin Gibbons, experienced commercial real estate professional with HCP Medical Office Buildings, is an adjunct lecturer in the Real Estate program in the Department of Economics and Finance.

Mark Crocker, retired from Tennessee State Board of Accountancy, teaches in the Department of Accounting.

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JONES COLLEGE • MTSU • Annual Report 2015–16


Service Bill McDowell received the Homer L. Saunders Mentor Award and presided at the Small Business Institute conference. He serves on the Global Innovation and Knowledge Academy board of governors with representatives from only three other U.S. schools: Boston College, Auburn University, and Radford University. Sean Salter was recognized for service on the American Real Estate Society board of directors from 2011 to 2016.

Training Jones College Executive in Residence John Boyens facilitated a session for the dean’s Executive Committee, “Avoiding the Fatal Flaws of Management.”

Resources Jones College has access to Wharton Research Data Services, providing over 200 terabytes of data across disciplines including accounting, banking, economics, finance, statistics, and environmental, social, and corporate governance for research and classroom use.

Jeff Clark has been executive director since 2001 of the MBAA International multidisciplinary conference, averaging 800 participants.

Faculty and Staff Development

Charles Apigian serves on the Nashville Technology Council board and two Rutherford County Chamber of Commerce IT Career and Technical Education Pathway subcommittees.

Linda and O. C. Ferrell, Distinguished Chairs of Business Ethics at Belmont University, gave a presentation on business ethics education as part of Tom and Martha Boyd Ethical Leadership Week.

Millicent Nelson, named Tennessee NAACP Youth Advisor of the Year and elected to the board of the United Negro College Fund National Alumni Council, chairs the Bradley Academy Museum and Cultural Center board. Stoney Brooks served as associate editor for the European Conference on Information Systems.

Linda Ferrell of Belmont speaks at a faculty development seminar.

JONES COLLEGE • MTSU • Annual Report 2015–16

Robert B. Blair presided as outgoing president at the National Business Education Association conference.

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Tim Graeff reported results of two new quarterly surveys: Tennessee Consumer Outlook and Tennessee Business Barometer. Leigh Anne Clark and Deana Raffo gave a presentation on generations at work to Rutherford Cable mentoring program participants. Stephen Salter is treasurer-elect of the Business and Latin American Studies Academic Organization.

International Teaching Tom Tang, Lara Daniel, and Raholanda White taught at China’s Guangxi University in the 3+1+1 program. Students take three years of classes in China, come to MTSU for their final year of undergraduate work while beginning M.B.A. classes, and then complete the M.B.A. program in another year. Laura Buckner taught International Business to MTSU and international students in the Summer in Finland program. Kenny Jih taught students from MTSU and other universities in an international business leadership program in Taiwan. Kim Sokoya, associate dean for graduate and executive education, gave a videoconference presentation on international trade to students at Cherbourg University in France.

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Sherry Roberts was keynote speaker at the Virginia Business Education Association conference and co-instructor for the 2015 Nebraska Personal Finance Institute. Steve Lewis is editor and Vince Smith associate editor of the Journal for Research in Business Education, the research publication of the Association for Research in Business Education. Community presentations were made by Leigh Anne Clark (United Way partners), Kimball Bullington (American Society for Quality), Emily Yttri (Women in Higher Education Conference), and Don Roy and Kim Sokoya (Youth Leadership Rutherford). An external review of MTSU’s Master of Science in Professional Science program commended its strong working relationship with Jones College, including professors Lara Daniel, Mark Jobe, Susan Bradley, Earl Thomas, Robert B. Blair, and Vince Smith. Philip Seagraves serves on the Murfreesboro Gateway Commission, as treasurer of the Tennessee Chapter of the Society of Industrial and Office Realtors, and on boards of the American Real Estate Society, Institute of Real Estate Management Nashville Chapter, Kentucky Institute for International Studies, and local nonprofit Carpe Artista.

Wayne Rollins gives a faculty development presentation on using technology to engage students.

JONES COLLEGE • MTSU • Annual Report 2015–16


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Bridgestone Americas Distinguished Lecturer, Joshua Aaron State Farm Outstanding Professor, Philip Seagraves Deloitte Foundation Professorship, Paula Thomas HCA Professorship, Jeannie Harrington Accounting Advisory Board Outstanding Professor, Tim Koski

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Distinguished Teaching, Rebecca Foote Distinguished Research, Jason DeBacker Distinguished Service, Laura Buckner Distinguished Faculty Excellence, Scott Seipel Outstanding Staff Member, Gretchen Leming

Kathy and Bill Jones Outstanding Professor Award ■■

Awards Paula Thomas received the Sustained Contribution Award for American Institute of Certified Public Accountants members who have contributed measurably to the institute and the CPA profession through volunteer service. Murat Arik, Leigh Anne Clark, and Deana Raffo won the Academy of Strategic Management’s Distinguished Research Award. Rutherford Cable recognized development director Carolyn Tumbleson with its Spirit of Leadership Award, honoring a member exemplifying leadership through personal and professional accomplishments that inspire and influence the advancement of women, and Professor Elizabeth Abernathy with its Above and Beyond Award for going above the call of duty to help the organization in a special way. Tom Tang won Emerald Group Publishing’s Outstanding Reviewer Award. Virginia Hemby received the Association for Research in Business Education National Leadership Award. Deana Raffo earned a grant to attend a curriculum development workshop for the Bridgestone Leadership Certificate Program.

Nita Brooks

Leigh Anne Clark and Deana Raffo were instrumental in developing the Not-for-Profit Management minor now open to all majors.

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JONES COLLEGE • MTSU • Annual Report 2015–16


New Faculty Accounting Professor Stephen Salter has a B.Sc. in Management Science from the University of Manchester, U.K.; an M.B.A. Finance and International Business from the University of Windsor, Canada; and a Ph.D. in Accounting and International Business from the University of South Carolina. He served as Endowed Chair for the Study of Western Hemispheric Trade at the University of Texas–El Paso, director of global business programs and the Center for Global Competitiveness at the University of Cincinnati, and faculty member at Texas A&M University. He researches the role of national culture in global management control, broad societal choices in reporting regulation and governance systems, and individual behavioral differences in decision-making. With over 40 published articles in global and accounting journals including the Journal of International Business Studies, he has received various research rewards. He has taught management and international accounting at all levels internationally and was a Fulbright Senior Fellow in Chile and Uruguay. A consultant to the Government of Ontario on audit qualification redesign, he has testified before the International Accounting Standards Board. He was a partner at Ernst and Young Management Consultants and held positions in global financial service organizations such as the Bank of Montreal. 30

Assistant Professor Audrey Scarlata holds a Ph.D. in Accounting from the University of Kentucky and an M.B.A and a B.B.A. in Accounting from Morehead State University. She taught Accounting Information Systems and Managerial Accounting at the University of Louisville. At MTSU she teaches Internal Audit and Introduction to Managerial Accounting. She researches accounting and audit technology (how technology and knowledge interact to affect decision outcomes in financial analysis and audit tasks) and the state of the accounting profession and its mentor relationships.

JONES COLLEGE • MTSU • Annual Report 2015–16


Management

Marketing

Assistant Professor Murat Arik holds a postdoctoral bridge certificate in Management from the University of Florida, a Ph.D. in International Political Economy from the University of Connecticut, an M.A. in Political Science from Syracuse University, and a B.A. in Public Administration from Ankara University. As director of Jones College’s Business and Economic Research Center, he consults with local and state government agencies, chambers of commerce, and private businesses. His research interests include regional economic trends, international business dynamics, strategic management of resources, and management of innovation. He teaches Strategic Management.

Assistant Professor Ralph Williams earned a D.B.A from Kennesaw State and an M.B.A. and a B.S. from MTSU. Over a span of 25 years, he was president of three commercial printing companies, holding an ownership stake in two, and a consultant for several printing companies. Research interests include family business, small business, goals and mission, and performance measurement. Previously, he was a lecturer in Management at MTSU for six years.

JONES COLLEGE • MTSU • Annual Report 2015–16

Assistant Professor Lucy Matthews has a D.B.A. in Marketing from Kennesaw State University, an M.B.A. from Georgia State University, and a B.S. from Indiana University. She has 16 years of corporate experience in sales, services, and credit management. Her research interests are sales burnout and engagement plus job demands and resources. She teaches Professional Selling, Principles of Marketing, and Promotion.

Economics and Finance Assistant Professor Heather Rhodes has a Ph.D. in Finance from the University of Alabama and was a visiting professor at Mississippi State University. Before graduate school, she worked for a community bank in northwest Alabama for over five years in various roles. Her research focuses on the impact of government regulation and asymmetric information problems on the market for initial public offerings, as well as general issues in corporate governance, insider trading, and institutional investors. She has taught Business Finance, Managerial Finance, and graduate Advanced Corporate Finance.

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Robert E. Musto Tennessee Insurance Hall of Fame 2016

Jack Dewald, CLU, Agency Services, Memphis; John Milam, Willis, Knoxville; and Dennis Stephen, Tennessee Farm Bureau, Columbia

2015 Eugene “Gene” Frazer Jr., Shafer Insurance Agency, Knoxville, and David Meador, Northwestern Mutual; Ken Pinkston, Travelers Insurance Company; and Scott Clayton, Connecticut Mutual and Mass Mutual—all of Nashville

Gifts David and Anne Hoke committed to fund a Real Estate scholarship of $1,000 a year for a $25,000 total endowment. Bridgestone Americas and HCA each renewed a three-year commitment to sponsor a professorship. Kathy and Bill Jones funded a Faculty Excellence Award for a full-time, tenure-track professor demonstrating outstanding teaching, research, and/or service for use in professional research activities.

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The Jones College Faculty and Staff Giving Campaign yielded new contributions to fund scholarships, increase capacity of initiatives, and improve faculty and staff resources. College donors included seven new or renewed members of MTSU’s Walnut Grove Society of philanthropic leaders. The Weatherford Chair of Finance golf tournament, cosponsored by Ascend Federal Credit Union and First National Bank of Pulaski, raised funds for research, scholarships, and conferences. The Tommy T. Martin Chair of Insurance golf tournament supported the chair’s activities and scholarships (43 awarded in 2015–16, totaling $50,700). State Farm is sponsoring a Jones College student team in its national Marketing and Sales Competition.

Scholarship Donations

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Society of Industrial and Office Realtors. Four $1,500 awards Women in Commercial Real Estate. Annual $2,000 scholarship Rajesh Aggarwal. $25,000 Indian Student Association Scholarship Launch Tennessee. $5,000 for MTSU Business Plan Competition

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Institute of Internal Auditors. $1,000 for scholarships

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Vic Gatto of Jumpstart Foundry speaks to Murat Arik’s Management class.

JONES COLLEGE • MTSU • Annual Report 2015–16


Tom and Martha Boyd

Ethical Leadership Week

Ethical Leadership Week, sponsored with an endowment by Tom and Martha Boyd, featured a presentation by Alfonzo Alexander, president of the National Association of State Boards of Accountancy Center for the Public Trust. NASBA also sponsored a student to attend a Student Center for the Public Trust conference.

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Carol Bragdon, Saint Thomas Rutherford Hospital Scott Brisson (B.S., ’98; M.B.A., ’99), UBS Thom Coats, JourneyTEAM Lisa Eischeid (B.B.A., ’88), attorney Meagan Flippin, United Way of Rutherford and Cannon Counties Retta Gardner (M.B.A., ’00), Guaranty Trust Kathy Jones, PARKS Joe Medlin, consultant Phil Holt, retired, First Tennessee Bank Jason Howell, State Farm Lee Moss, Franklin Synergy Bank David Tincher (M.B.A., ’01), General Mills Andy Womack, State Farm

Awards Scott Brisson (B.S., ’98; M.B.A., ’99), UBS head of service delivery for group operations, received the Young Professional of the Year Award for one who becomes a role model through high achievement at a relatively young age and shows potential for even greater accomplishments. Jones College recognized Randy Knight (B.B.A., ’83), vice president of manufacturing at Nissan’s Smyrna vehicle assembly plant, with the Jennings A. Jones Champion of Free Enterprise Award as an individual whose achievements reflect the traditions of free enterprise and who serves as a role model. David Tincher (M.B.A., ’01), General Mills Murfreesboro plant manager, earned the Exemplar Award, given to a Jones College graduate whose personal and professional accomplishments demonstrate that future MTSU graduates can also achieve at a high level. MTSU Alumni Association presented the Distinguished Alumni Award to Col. Jeffery Bonner (B.B.A., ’82) and the True Blue Citation of Distinction for Service to the University to Richard Key (B.S., ’62).

Dean Urban presents Janet Miller, CEO of Colliers International in Nashville, the Joe M. Rodgers Spirit of America Award for demonstrating the highest ideals in keeping with the American spirit of innovation, entrepreneurship, and commitment to others.

JONES COLLEGE • MTSU • Annual Report 2015–16


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Felix Allen, Publix Super Markets Steve Anderson (B.B.A., ’77; M.B.A., ’78), retired, Accenture Chuck Bidek, Insurors of Tennessee Michael Blivens, Northwestern Mutual Tom Boyd (B.B.A., ’73), Decker Wealth Management Retta Gardner (M.B.A., ’00), Guaranty Trust Janice Hackett, self-employed Aubrey Harwell Jr., Neal and Harwell Phil Holt, retired, First Tennessee Bank Bill Jones, Pinnacle Financial Partners Richard Key (B.S., ’62), retired, Aladdin Betsy Maples Taylor (M.B.A., ’88), The Maples Joseph A. Peay (B.B.A., ’88), Murfreesboro Medical Clinic Felicia Shirley (B.B.A., ’00; M.B.A., ’04), Nissan North America Joe Steakley (B.B.A., ’75), HCA Deb Thompson, State Farm Tom Walker (B.B.A., ’78), Deloitte & Touche Pamela Wright, Wright Airport Business Center

The Real Estate Investment Challenge was sponsored by Salem Park Mini Storage, Wilson Bank and Trust, Pinnacle Financial Partners, and Hutton Companies. Judges were Gentry Wheat (Wilson Bank), Rodney Barrett (Pinnacle), Scott Graby (Hearthstone Group), Jay Wiseman (Hutton), and Doug Timmons, retired MTSU professor. Scholarships were awarded, and a fund was started to allow students to invest in real estate. Judges for Business Report Writing presentations by students of Sherry Roberts were David Lee, Ford of Murfreesboro; Barclay Levine, Edward Jones; and Michael Burrows, H3O Aquatics. Computer Information Systems faculty attended a Joint Institute of Data Science meeting on IT and data analytics partnerships with representatives from area higher education, industry, and Nashville Technology Council (NTC). Speakers included Jackie Eller, MTSU; Keith Hargrove, Tennessee State University; Tristan Denley and Ginger Hausser, Tennessee Board of Regents; Bryan Huddleston, NTC; and Damian Mingle, WPC Healthcare. Commissioner Julie Mix McPeak, Tennessee Department of Commerce and Insurance, spoke at the Gamma Iota Sigma induction ceremony.

Brad Stinson of The Collective/Kindred Spirits Nashville/ Symponia talks to student Julie Porter at the BEST career fair.

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JONES COLLEGE • MTSU • Annual Report 2015–16


Economic Education

Homecoming Executive Forum

The Center for Economic Education (CEE) operates with funding from Jones College, the Jennings and Rebecca Jones Foundation, and the Council on Economic Education and in partnership with the Atlanta Federal Reserve Bank–Nashville and Memphis Branches, Austin Peay State University College of Business, and Belmont College of Business. The center received a $27,000 grant for statewide teacher workshops on the Council for Economic Education’s Virtual Economics 4.5 materials. Robert B. Blair is director and Maria Edlin assistant director.

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A webinar series highlighting new state economics standards Tennessee Stock Market Game for area high schools Personal Finance Education training for 162 teachers, in partnership with Atlanta Federal Reserve Bank–Nashville Branch International Economic Summit for area high schools with a grant from the Jennings and Rebecca Jones Foundation Workshops on Tennessee’s economy and manufacturing at Nissan’s Smyrna Vehicle Assembly Plant, with Troy Balthrop of the Federal Reserve Bank of Atlanta–Nashville Branch Environment and the Economy program for 21 teachers with a grant from the Foundation for Teaching Economics

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Steve Anderson (B.B.A., ’77; M.B.A., ’78), retired from Accenture Gary Bentley, Bentley Turtle Farm Brandon Carpenter, Frito-Lay Jessica Clegg, Buckle Chris Fuller, Fuller Partners Appraisals Bryan Dismore, Buckle Bob King, Cavalry Logistics Kevin McGraw, Talestry Bob Patton (M.B.A., ’79), Rich Products Johana Rodriguez, Buckle Craig Seib, BDI Ryan Smithson, Enterprise Holdings Brad Stinson, The Collective/Kindred Spirits Nashville/Symponia Josh White (B.B.A., ’12), 20/20 Research

Coleman Aycock of Urban Grout speaks to Real Estate students on Society of Industrial and Office Realtors Day.

JONES COLLEGE • MTSU • Annual Report 2015–16


DEVELOPING


THE BRAND Mila Grigg, CEO, MODA Image and Brand, speaks at the ATHENA Leadership Forum. PHOTO BY ANGEL PARDUE PHOTOGRAPHY


Executive Education Timothy Dunne facilitated a Nissan training session in Franklin. He also led the Rutherford Cable Center for Executive Education program with participation by professors Don Roy, Leigh Anne Clark, Deana Raffo, and Paula Thomas. Executive education classes with diverse industry participants were facilitated by Tim Graeff (Online Marketing Surveys) and Cliff Welborn with Kimball Bullington (Lean Project Management).

Marketing Jones College developed department and unit logos in line with MTSU branding; continued publication of EnterpriseMT magazine; and advertised at Nashville International Airport, in Nashville Business Journal, and on Tennessee Titans game-day radio spots.

Dean Urban Chair-elect of the Rutherford County Chamber of Commerce board of directors, Dean Urban spoke at two 12th and Broad events, Nashville and Columbia Kiwanis Club meetings, and the annual meeting of a national real estate professional alliance. He wrote Tennessean and 12th and Broad columns and was interviewed on a Nashville Sounds radio broadcast.

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Rutherford Cable ATHENA Leadership Forum Jones College and the Jennings and Rebecca Jones Foundation sponsored the ATHENA Leadership Forum, connecting selected women students and leaders from companies including Deloitte, First Tennessee, Nissan, and Saint Thomas Rutherford Hospital to discuss success, networking, and soft skills.

Events The 21st Century Generations@Work conference featured a presentation by John Martin and Matt Thornhill of GenerationsMatter about generations in the workplace and a multigenerational panel of area professionals. The Department of Accounting sponsored the Tennessee Business Tax Seminar with the Tennessee Department of Revenue; Fall CPE Day with speakers including John Scoble (Cost Segregation Services), Ray Butler (Tennessee State Board of Accountancy), Blake Harrison (LBMC), and Janet McCormick (MTSU); and Accounting Connection Day for high school and community college students, featuring speakers including Jones College advising manager Gretchen Leming, Alesha Garrett (TSCPA), John West (Deloitte), Kim Hatley (HCA), and student organization representatives.

Dean Urban talks to students Lauren Moore, left, and Katherine Dye at the Rutherford Cable ATHENA Leadership Forum.

JONES COLLEGE • MTSU • Annual Report 2015–16


Facilities The college’s new Financial Analysis Center opened in Fall 2015 for M.S. in Finance students, and the Executive Education Center opened in Andrew Woodfin Miller Sr. Education Center on Bell Street in Spring 2016, allowing for the expansion of continuing education programs.

Business and Economic Research Center Projects ■■

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Impact studies for the Nashville Health Care Council, Tennessee National Guard, Cumberland University, Cumberland County Playhouse, and Goodwill Industries in Middle Tennessee Wage and benefit survey for the Rutherford County Chamber of Commerce STEM workforce study for the Tennessee Small Business Development Center and Mind2Marketplace Housing market quarterly report for the Tennessee Housing Development Agency International economy quarterly report Global Commerce

Murat Arik is the director of the center.

AACSB International Accreditation Jones College’s AACSB accreditations in business and accounting, which place it among just 183 schools worldwide, were extended for another five years.

Recognition Recent Jones College annual reports won awards from the Council for Advancement and Support of Education District III and International Association of Business Communicators Nashville. The Master of Arts in Economics program was ranked nationally by the Financial Engineer’s TFE Times. The National Association of State Boards of Accountancy ranked MTSU’s M.Acc. students’ CPA Exam pass rate third in the state. Jones College sponsored the Nashville Data Analytics Summit. Charles Apigian participated in a panel discussion, and 260 intelligence and analytics professionals heard more than 30 speakers. PHOTO BY J. S. HERNANDEZ

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JONES COLLEGE • MTSU • Annual Report 2015–16


FY 2016 Donors

Individual Joshua Aaron Elizabeth Abernathy Mark and Linda Abernathy Mel and LaDonna Adams Gurmit Advani Raj Aggarwal and Reita Agarwal Roy and Emily Alexander Donald and Sarah Alger Mark and Darlene Allen Hylan and Patsy Alsup Steve and Kathryn Anderson Teonna Andrews Charles and Tricia Apigian Leslie Archard Ashu Arora Michelle Austell Jill Austin Elizabeth Baird William and Elizabeth Baird Michelle and Mark Baker Martha and Ram Balachandran Max Baldwin Melissa Barnett

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Megan Bates Mike Becker Elizabeth Bennett Sandy Benson Alveda and Robert Beverley Jim Biagini Reggie Bishop Jessica Black Neal and Mary Blair Robert Blair Mary Blanchard Donna Blanche Timothy and Andrea Boddie Alex and Emily Bogle Chad Bone Charles Bone Lisa Bonelli Joan Booker Jennifer Bounnara Nancy Boyd Tom and Martha Boyd Edward Braman Pat and Gene Branam Mitzi Brandon Jon Brashear Walter Bratton Todd Brauch Rachel Brewster

Nita Brooks Stoney Brooks Susan Brown Fred Brumbach Laura Buckner Tracy Bunch James Burkard Daniel Burt Leighton Bush Becky and Jimmy Bussell Kathy and Stan Butkowski William Carden Yvonne and David Carpenter Paul Carson Joseph and Priscilla Cessna Tom Chadick T. Charles and Dorothy Chitwood Lung and Chenwan Chiu John and Melissa Cipriano Jeff and Carol Clark Susan and Charles Cobb J. Cole Kimberly Coleman Theresa Cole Lew Conner Jonathan Cooke Kevin Coombes William and Kim Corder

Tommie and Martha Corley Carlos and Victoria Coronel Donna and James Cox Gary Cox Nicholas and Brittany Creekmur Glenn Crick Tiffany Culver Kenneth Daniel J. S. Daniel Buford David William Davis Debra Dillard Herbert Dodd Betty and Phillip Dotson James Douthit Casandra Dowdy John Driver Michael and Kimberly Dunn Andre and Cheryl Dyer Garey and Earlene Eakes Marianna Edinger Deborah Edwards Virginia and Paul Egbert Alan and Pandora Elam Russell Elam Ralph and Lisa Eldridge Brian and Maria Elliott J. Ronald and Sarah Ellis

Matthew Emokpae Jesse and Anna Evans Susan and Jerry Faulkner Bichaka Fayissa Pamela and James Feldhaus Matt Felgendrehen Elizabeth Fergus Eloise Ferguson Donald Fields Julie and Mark Fly Rebecca and David Foote Marilyn and Cleborne Foster Stuart Fowler Nancy Franklyn Buddy and Katie Freeman Shelley Fugitt John and Alma Furgess Stan and Evelyn Gambill Farrest Gardner Retta and Matt Gardner Matt Gibson Gerry and James Glass Nancy Goins James Goss Duane Graddy and Birdie Donnell John and Patricia Grathwohl Ann and Bill Gray Tim and Allison Greer

Merritt Griffin Melinda and William Grimes Jeffery Griswold Kelly Grogan Abdumalik Gulyamov Donna and Lindsay Gunter Renee Gwin Janice Hackett Kelly Hafstad-Hunter Kendra Haley Mary Haley Vicki and Gary Hall Wesley Hall Gregory and Katherine Hamilton Richard and Vicki Hammer Beth Hancock Christopher Hanvy Ronald Hardaway Sandra Harju Vickie Harmon Cindy and George Harper Jeannie Harrington Amy Harris Burrell Harris Martha and Donald Harris Barton and Laura Harrison Randall and Tammy Harris Aubrey and Carlana Harwell

JONES COLLEGE • MTSU • Annual Report 2015–16


FY 2016 Donors Hall Haselton Danny Hawks Janice and Francis Hawthorn Nima Hayati Emily Haynes Martha and Stephen Hayward Mona Hearn Lorie and Gary Heinz Virginia Hemby and Robert Grubb Ryan Hemby Raiko Henderson Russ Henderson Paul Hetrick Christa and Craig Hill Stuart and Teresa Holland Kimberly and William Holleman Ken Hollman Katherine and Mark Hommrich Tracey Hoover and Jeffery Reaves Todd Horton Jordan Howell Marilyn Hutchinson Howard Ingrum Joyce and Robert Itin Daniel and Corine Jackson Eddie and Barbara Jackson

Cathy James Melissa and Melvin Jeffers Neal and Patricia Jennings Kenny Jih Daniel Joaquin James and Donna Jobe Mary and William Johnson Sue Johnson Brian Jones Jeffery and Fran Jones Latisha Jones Bill and Kathy Jones Vicki Joslin Michelyn Joyner David and Sheri Kantner Deborah Kaufman Kent and Jackie Kay DeAnna Kempf and John Wermert Katie Kemp Scott and Karla Kennedy Matthew Kennedy Mary Kerley Richard Key Stephen Key Brian and Malinda Kidd Bettye and E. Kilgrow Mark and Sheila King

JONES COLLEGE • MTSU • Annual Report 2015–16

Roger and Carole Kirby Kelley and Matthew Kologinczak Melinda Korzaan Donald Kravitz Sonya La Croix Dawn LaForte Earl Lamons Marilyn and James Lancaster Carol Lance Burt and Constance Landers Colby Laughter Michael and Kimberly Law Catherine Ledbetter J. S. and Young Lee Wallene and Thomas Leek Greg Lemon Patricia Leslie Marye Lewis Steve and Linda Lewis Christopher Louder and Stephanie Wood-Louder Emily Loveday Caryn Lowe Gaile Low Adam Lukasik William Lynch Larry Mabry April Magnuson

John and Edna Major Cody Malak Martha and John Mann Christin Marks Janelle and Greg Marks Murray Martin Carlton Mason James Mason Darrell Massengale Michael McCurry Donna McDowell Nathan and Georgia McCraw Christi McDonald Teresa McDowell Susan McGannon Michael McKibben John and Marilyn McNabb Clarence McNeal David McPeak Craig Mercer Joseph Meyer Mykyta Miakysh Elizabeth Milam John and Connie Milam America Miller Jackie Miller Norma Miller Richard Miller

Mitzi Milts Eunice Moffat Newt and Charlotte Molloy Cathy Molnar Linda and Bill Mooningham (deceased) Jamil Moore Steven Morris Reanne Morrow H. Ronald Moser Richard Mpoyi Palaniappan Narayanan and Uma Annamalai Anissa Nelson-Carlisle and Charles Carlisle David Neveleff Tyler Newcomb Patrick and Anedra Newman Jeremy Nichols Joan and Ken Nichols Lisa and Steven Nix John Nixon Consuela Oden Harry Odom Jaclyn Ohman Kellen Oldham Robert Orton Jill and Duane Owen

Katherine and Michael Pace Russell Pargeon Paul Parkerson Patti and Richard Parsons William Parsons Melinda Partin Ted and Gillian Parton Bobby Pate Vicky Patterson Rahul Paul Joey and Charlotte Peay Tim Pedigo David Penn William and Kimberly Pettus Dennis Petty Lori Petty Jere Phillips Mary and Joe Phillips Mark and Christie Pickel Kenneth and Anne Pinkston Donald and Fredia Poff Jasmine Poindexter George and Nelda Pope Jami Pope Larry and Sydney Prater Kelly Prince Connie and Jim Pruitt Cynthia Qualls

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FY 2016 Donors Michael and Janice Ragan Richard and Rebecca Ramko Nicholas Recker Chandra Reddy Marcus Reed Christie Reeves Frances Reeves Olga and Michael Reeves Heather Rhodes Virginia Rhome William and Martha Richmond R. and C. Riley William Riner Jana Rivet Michael Roach Debra Robertson Sherry Roberts Stephanie Robinette Mitchell and Jenny Robinson James Roe Wayne and Velma Rollins Deborah Ropelewski Don Roy Lauren Rugless Dianna and Mark Rust Donald Rust Irene Sain Sean and Kristin Salter

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Stephen Salter Ted Sanders Robert and Tarah Sanford Kim Sargent Courtney and Justin Scott Scott Seipel Dave Shaffer Sarah Shannon-Firestone Michael Shavers Sandra Shaw Charles Shelby Dorothy Shelton H. Vernon Sherrill Tina and Ricky Short Margaret Sims Sarah Skaff Richard Slayman John and Kay Slocum Linda and Carl Smith Matthew Smith Richard Smith Vince Smith Kim Sokoya Keith Spain Kyle Spence Ross and Eva Spielman Connie Spivey Trish Starkey

Larry and Sherri Stevens Paige and Jared Stiefel Carrie Stokes Ogden and Barbara Stokes Melanie Strickland Rajkumar Subaschandra Bose Ken and Lynn Summar Nathaniel Summar Phillip and Catherine Summers Byron Swindle Michael and Virginia Tansil Brian Taylor Ian Taylor Jason Taylor William Taylor Michael Terrell Bill Terry Paula and Roy Thomas Sonya Thornton D. Renae Tidwell Doug Timmons Bianca Tinsley Joshua Travis John and Dee Treece Troy Trentham Brandon Tucker June and Francis Tucker Carolyn Tumbleson

Carl and Sherry Turner Cheri and Michael Turner Joe and Robin Turner David and Gina Urban Rohit Valecha Donna Vaughn Kelly Vaughn Alanna and Phillip Vaught Bob and Cheryl Verble Jennifer and Jon Viars Miles Vickers Jeffrey Vooys Rick and Brenda Wagers James and Susan Walker Terra Walker Tom and Kandee Walker Beverly Wallace Peggy Warden Christopher Warren Sarah Warren Thomas Washer Jonathan Weaver Randy and Ruth Wells John and Minya West Oscar Whaley Michael Wheeler Tommy Wheeler Raholanda White

Joseph and Samantha Whitmore Maria and Paul Wieck Andrew Wilder Karen Wilkerson Erica Wilkinson Deborah Willett Jeremey and Ann Williams Jessica Williams Donald and Julie Williamson Sarah and Brian Williams Taurean Williams Andrea and Scott Willis Laurie and Lee Willoughby John Wilson Mark Wilson Mona Wilson Assaleenuch and Sittichai Wisalkhowit Reginald Wiseman Don and Hanna Witherspoon Andy and Cherry Womack Billy Womack Brenda and Douglas Woodard Jeremy and Angela Wright Sui-Kam Yang Paula and Sammy Yokley Antony Young Tammy Young

Kenneth Youngstead Scott Zeller Xiaolin Zhao Jia Zhuang Emily and Joachim Zietz Nancy and Michael Zoretic

Fifteen donors chose to remain anonymous.

JONES COLLEGE • MTSU • Annual Report 2015–16


FY 2016 Donors

Corporate

Cornerstone Financial Credit Union Corvel Corporation Crowe Horwath Cumberland Chapter Risk and Insurance Management Deloitte Foundation ABRA Auto Body and Glass Dennis Young Insurance Agency American Book Company Elk Valley Equine Andy Stephen Insurance Services Endo Technologies Ann Hoke and Associates Ernst and Young Foundation Anne Bransford Wallace Foundation Farmers Mutual of Tennessee Ascend Federal Credit Union Federated Mutual Insurance Company Ash Brokerage Corporation Fidelity Charitable Gift Fund Auto Art Body Shop Fifth Third Bank Auto-Owners Insurance First Bank/Farmers State Bank Best Answering Service First Farmers Best Biz to Buy First National Bank of McMinnville Best Western Plus Music Row First National Bank of Pulaski Bill Hayes Agency First Tennessee Bank BITCO Insurance Companies FM Global Foundation BlueCross BlueShield of Tennessee Foundation for Agency Bolton and Company Management Excellence Boston Mutual Life Insurance Company Franklin Synergy Bank Brentwood Services Administrators Frazier and Deeter Foundation Bridgestone Americas Trust Fund Fred’s Super Dollar Capital Financial Group FSB Insurance Charles Koch Foundation Gamma Iota Sigma CNA Insurance Companies Geny Insurance Agency Comfort Inn Downtown

JONES COLLEGE • MTSU • Annual Report 2015–16

DoubleTree by Hilton Murfreesboro Hawkins Family Foundation Haynes Brothers Lumber Company HCA Foundation Hutton Real Estate Services Hylant Insurance Group of America Jennings and Rebecca Jones Foundation Kraft CPAs LAC Investments Lascassas Drugs Maggart and Associates Metal Industries Foundation Middle Tennessee Insurance Professionals Mid-Tennessee CPCU Society Chapter Miller Loughry and Beach Insurance Services Hilton Garden Inn Murfreesboro Murfreesboro Medical Clinic Nashville Predators Nashville Insurance Professionals Nationwide Mutual Foundation Next Generation Nissan North America Nissan Trading Corporation Americas Northwestern Mutual Financial Network

Ole South Properties Penn National Insurance PIA of Tennessee Pinnacle National Bank Procter and Gamble Prudential Financial Regions Bank Regions Financial Corporation Renaissance Charitable Foundation Richard Hendrick Insurance S&E Furniture Samaritan Recovery Community Shafer Insurance Agency Shawen and Associates Siemens Industry SIOR Eastern Tennessee Chapter State Auto Insurance Companies State Farm Insurance Companies and State Farm Companies Foundation Target Company Tennessee Farmers Mutual Insurance Company Tennessee Municipal Bond Fund Tennessee Municipal League Tennessee Society of Certified Public Accountants Tennessee Technology Development/ Launch Tennessee

Tennessee Valley Authority The Clouse-Elrod Foundation The Community Foundation of Middle Tennessee The Plateau Group UBS VF Foundation Vincion Enterprises Wilkinson Insurance Agency Willis Foundation Wilson Bank and Trust Women in Commercial Real Estate

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1301 E. Main Street, Box 101 Murfreesboro, TN 37132

Jones College of Business MTSU  

Annual Report 2016

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