Villanova School of Business Dean's Report 2017-18

2017-2018

DEAN’S REPORT DEVELOPING BUSINESS LEADERS FOR A BETTER WORLD

A LETTER FROM

If one thing stood out to me when I started at Villanova School of Business two years ago, it was the energy. Whether it’s the first day of classes or near the end of finals, there’s a constant undercurrent running through our classrooms, our offices and beyond—and it comes from an intense commitment to our mission and our values.

Villanova School of Business is committed to developing leaders for a better world, and this year was no exception. We continued to excel as measured by rankings, faculty achievements, new enrollments and student outcomes—a direct result of our talented leadership, faculty and staff, along with a focus on planning, a commitment to creating growth opportunities, and strong connections with our community beyond campus.

These accomplishments demonstrate why the VSB experience is like no other.

I welcome you to read about our 2017-2018 accomplishments and I offer my sincere thanks for your enduring support so that we may continue to prepare business leaders who will drive positive change throughout the world.

JOYCE E. A. RUSSELL , PhD

The Helen and William O’Toole Dean Professor of Management Villanova School of Business

DEAN’S REPORT

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HOW WE

PERFORMED We look at our results as a whole because performance doesn’t happen in a vacuum.

Rankings, applications, enrollment and outcomes together reflect the powerful and positive experience that VSB provides to all our stakeholders.

*U.S. News & World Reports, 2018. ** The Journal of World Business which operates out of VSB’s Elenore and Robert F. Moran Sr. Center for Global Leadership Center, according to the Google Scholar H5 Index *** Poets & Quants, a leading online publication of business school rankings **** Graduates who are employed, continuing education or engaged in other planned activities within six months of graduation

RANKINGS

OUTCOMES

54%

#1

OF UNDERGRADUATES PARTICIPATED IN STUDY ABROAD EXPERIENCES

ONLINE GRADUATE BUSINESS PROGRAM, NON-MBA*

#2 #17

INTERNATIONAL BUSINESS JOURNAL**

UNDERGRADUATE BUSINESS PROGRAMS***

+34%

+25%

AVERAGE MBA RAISE FOLLOWING PROGRAM

98%

SUCCESSFUL PLACEMENT FOR UNDERGRADUATES****

$62,879

AVERAGE STARTING SALARY

+34%

MASTER OF SCIENCE IN ANALYTICS

EARLY ACTION

+36%

UNDERGRADUATES

APPLICATIONS

+36%

EXECUTIVE MBA

ENROLLMENT

POWERFUL TALENT

CATALYSTS FOR GREAT THINGS Dean Russell’s senior leadership team expanded this past year to include four new associate deans to focus on key areas of the VSB experience—research, faculty, teaching and learning, and strategic initiatives. Together, this highly collaborative team will steer VSB through the strategic planning process to facilitate growth and align with our values.

As shown left to right: JOYCE E. A. RUSSELL, PhD

The Helen and William O’Toole Dean

MICHAEL CAPELLA, PhD Associate Dean of Graduate and Executive Programs

JONATHAN DOH, PhD

Associate Dean of Research

TERRILL DRAKE, MBA

Associate Dean of Strategic Initiatives

LEE EVERY, MBA

Director of Finance and Administration

MELINDA GERMAN, MBA

Associate Dean of Undergraduate Business Programs

BRENDAN GLACKIN

Director of Major Giving

WEN MAO, PhD

Associate Dean of Faculty

JULIE PIRSCH, PhD

Associate Dean of Teaching and Learning

CATHY TONER, JD, MJ

Director of Communication and Marketing 4

VILLANOVA SCHOOL OF BUSINESS

PLANNING FOR

NEXT GEN VSB Dean Russell and her leadership team have engaged heavily in the University-wide strategic planning process that began last fall. Over the last year, they collected and shared feedback from faculty, staff, students, alumni and other stakeholders on the strengths and opportunities of the University and within VSB. This process will yield a set of aspirations and goals and establish a plan to foster growth and opportunities for the next five to 10 years.

Look for the VSB strategic plan and operational goals to be finalized by Spring 2019.

NEW

ENERGY

For students and alumni alike, our teacher-scholars make the VSB experience exceptional. We take great care to find those who feel as passionately about teaching as they do about research.

That’s why we welcomed the following faculty members to VSB in the 2017-18 academic year.

NATHAN COATES

XIAOXIAO LI

MATTHEW MANION

Coates joins the VSB faculty as a visiting instructor for the Management & Operations department. After graduating with a BA in chemistry from the University of California Santa Cruz in 1993, he pursued a career as a data scientist and engineer, working for organizations like the University of California, Berkeley; Nextel; Lockheed Martin; Etherstack; and Economics 4.0.

Dr. Li joins VSB as an assistant professor in the Economics department. She earned her BS in international economics and trade from Anhui University of Chinese Medicine, followed by an MA from Kent State University, an MS from Purdue University and then her PhD in economics from Purdue University. Her research interests include labor economics, economics of education, international economics and applied econometrics.

Formerly the president and CEO of the Catholic Leadership Institute, Manion returns to VSB as a professor of practice and the faculty director for the Center for Church Management. After graduating from the University of Pennsylvania’s Wharton School of Business with a BS in economics, Manion received his MS in church management from VSB in 2011. While at the Catholic Leadership Institute, Manion envisioned and implemented the Disciple Maker Index, which reflects metrics on over 58,000 Catholics in 259 parishes and 17 dioceses in North America.

’16 M SA

6

P hD

VILLANOVA SCHOOL OF BUSINESS

’ 11 MS CM

FACU LT Y STATISTI C S

FLANNERY G. STEVENS

MANUEL NUÑEZ

After serving as an assistant professor of management operations at the David Eccles School of Business at the University of Utah, Dr. Stevens joins the Management & Operations department as an assistant professor. She graduated from Binghamton University with an AB in psychology, and received her MS in psychology from Tulane University and her PhD in management and organizations from the Stephen M. Ross School of Business at the University of Michigan. Her research interests include inequality, employment discrimination, geography and labor outcomes, and diversity in and around organizations.

Nuñez joins VSB’s faculty as a professor of practice for the Management & Operations department. A graduate of Eastern Mennonite University, Nuñez earned an MBA from VSB followed by his postbaccalaureate in special sciences at the University of Pennsylvania. Professionally, he worked in global marketing at Merck, before becoming the managing director of the Inter-American Foundation’s Office of External and Government Affairs. He also served as the chair for the Center for Global Leadership Advisory Council (2011-2014).

Ph D

’ 03 MB A

124 Number of times our faculty served on academic research boards or professional associations

77 Number of journal articles published by VSB faculty

POTENT

IDEAS VSB introduced several new programs during 2017-18 aimed at highlighting our research and enhancing the curriculum and professional development to align with the needs of the marketplace.

CREAT I NG S U STAI NAB L E VA LU E VSB hosted the inaugural Research Insights Symposium to showcase VSB’s leading scholars who are focused, creating sustainable value throughout the world. The event included presentations on entrepreneurship, market valuations of greenhouse gas emissions, social responsibility reporting, nonprofit transparency and reducing food waste, and featured a keynote address from Andrew J. Hoffman, PhD, professor of sustainable enterprise at Ross School of Business at the University of Michigan.

T EAC HI NG WI TH P UR P OS E APPLIED QUANTITATIVE FINANCIAL CONCENTR ATION Changing demands within finance prompted the development of this concentration designed to help finance majors develop higher level quantitative and programming skills sought by employers today.

DIGITAL MARKETING AND BUSINESS DEVELOPMENT CONCENTR ATIONS Marketing majors can tailor their studies to prepare for careers in the digital world or sales.

MANAGEMENT CONSULTING CONCENTR ATION Growing interest among undergraduates for a career in management consulting spurred this new concentration that offers the fundamental skills sought by leading consulting firms.

MASTER OF ACCOUNTING WITH DATA ANALY TIC S Based on feedback from global firms, VSB revamped the entire graduate accounting curriculum to prepare accountants to use analytics to deliver better insights and add more value to the audit process.

DEAN’S REPORT

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G LOBALI Z I NG TH E EX P ER I EN C E VSB provided financial support totaling more than $250,000 for customized study abroad programs, thanks to the Elenore and Robert F. Moran Sr. Center for Global Leadership. These scholarships included funding from a $200,000 Freeman Foundation grant that enabled students to study abroad and intern in China, Cambodia, Indonesia and Singapore.

RETH I NKI NG C H UR C H M ANAG E M E N T VSB’s Center for Church Management hosted the second International Festival of Creativity in Church Management, featuring 20 scholars from seven countries to share new ideas and solutions for the future of church management.

P ROFE SS I ONAL EX P OS UR E In addition to hosting or co-sponsoring more than 30 professional development programs with various on-campus business societies, the O’Donnell Center for Professional Development also helped launch: SOCIET Y OF WOMEN IN FINANCIAL TR AINING (SWIFT) BUSINESS IN FASHION SOCIET Y CRYPTOCURRENCY/BLOCK CHAIN SOCIET Y

INSPI RI NG R EAL S OLU TI ONS REALTech is a university-wide competition launched this year by VSB’s Daniel M. DiLella Center for Real Estate that requires students to solve real estate challenges using technology. This year’s winners created an app to help users save time by pre-booking elevators in busy high-rise buildings.

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VILLANOVA SCHOOL OF BUSINESS

STRONG

CONNECTIONS S PEAKI NG TO TH E M ASS E S Dean Russell took the podium as the keynote speaker for several notable conferences, including the AACSB Deans Conference, the GMAC Graduate Admissions Council Leadership Conference and others, to highlight VSB and Villanova within the academic community. On a broader scale, she spoke before an audience of more than 1,200 women at the Pennsylvania Conference for Women, one of the largest women’s events in the country. VSB served as one of the lead sponsors of this event, which featured former First Lady Michelle Obama as the keynote speaker.

ONE- O N - O N E W I T H C E OS Dean Russell also hosted several leaders from business and academia for the CEO Fireside Chat. Her guests this year included Barnard College Provost Linda Bell, Snarky Tea CEO Jenni-Lyn Williams, Equus Capital Partners President and CEO Daniel M. DiLella ’73 VSB, Johnson & Johnson CEO Alex Gorsky, and PwC Global Chairman Bob Moritz.

ST R O N G A LU M N I VSB Connect, our online microsite showcasing alumni success, continues to grow to show prospective students the positive impact of a VSB education while helping alumni stay connected. Last year alone, we featured over 250 alumni profiles.

A D I PLOMAT I C P ER S P EC TI V E VSB welcomed the Honorable John Kerry in March, thanks to the efforts of the Moran Center for Global Leadership and the World Affairs Council of Philadelphia along with support from the College of Liberal Arts and Sciences. Kerry shared his optimistic view for the future of diplomacy and leadership before an audience of more than 400 students, faculty, alumni, representatives from other universities, local politicians and the press.

P OS I TI VE E XP OS UR E • More than 3,000 media hits, generating over 3 billion media impressions.

• Coverage included Associated Press, Bloomberg Businessweek, CNN, Forbes, NBC News, New York Times, NPR, Reuters, The Wall Street Journal and U.S. News & World Report.

• Over 2,700 listens and 200,000 impressions for our award-winning Inspiring Minds podcast series featuring more than 24 student-led interviews of VSB’s world-class faculty discussing their research in light of the current business climate.

• Growing social media presence with nearly 5,000 followers on Facebook, over 2,600 on Twitter, 1,750 on Instagram and nearly 3,000 on LinkedIn. One Facebook Live event this year drew 7,600 views for an interview with the MBA alumni duo who founded Evil Genius Brewing Company.

DEAN’S REPORT

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UP NEXT Our new strategic plan will provide a roadmap for our future growth and development, which will include more opportunities for undergraduate student research, lab facilities to support marketing and economic research, MBA curriculum enhancements, and more global learning opportunities. Follow us on social media to get the latest news on VSB. @VillanovaSchoolofBusiness @VU_Business | @VSB_Dean @villanovabusiness