INSID E THIS ISS UE: FOCUS News from the School of Business and Economics Volume 4, Issue 13 April 8, 2013 Students visit the FDIC 1 Beta Alpha Psi Induction Ceremony 2 A Message from Dean Bailey A Message from Dr. Jessica Bailey 1 UPS Sales Director Visits the SBE 3 The SBE Supports Rolling Hills 2 BEEP at the Piedmont Club 3 Student Profile—Aparna Shivram 2 Coming Events 4 This week, I will be traveling to Chicago, Illinois to attend the AACSBICAM meeting, the International Conference and Annual Meeting of the Association to Advance Collegiate Schools of Business—International. This important meeting will determine the future direction of the accrediting body, as Dr. Jessica Bailey business school deans from around the world will be voting on the newly proposed standards for business and accounting accreditation. In many ways, the new standards are superior. They provide more flexibility to schools in defining their missions and building their unique programs. The hallmarks of the new processes will be innovation, impact, and engagement. SBE Students travel to Raleigh to visit the FDIC On March 26, a group of SBE students including Almaroof Agaro, Marc-Anthony Chism, Taylor Curry, Kennard Lytle, Craig Moser and Courttany Willet visited the Federal Deposit Insurance Corporation (FDIC) office in Raleigh with Dr. Edward Zajicek. There, they listened to a presentation on the bank regulatory environment and the safety of the U.S. banking system. The meeting was hosted by Mr. John Meeks from the Division of Depositor and Consumer Protection, Ms. Margaret Myers, Field Supervisor of the Risk Management Division and Mr. Ron Hanson, a Supervisory Examiner. Topics included an overview of the FDIC and the regulation of the US financial system, bank risk management, bank examination and compliance, and careers with the FDIC. The students who attended the presentation are part of the WSSU Fed Challenge Team, scheduled to compete in the 2013 National Fed Challenge Competition in Charlotte in November on monetary policy and the role of the central bank on the economy. This competition is organized by the Board of Governors of the Federal Reserve System. On Friday evening, we will be inducting a new class of honorees into Beta Gamma Sigma, the honor society for students of business schools possessing AACSB accreditation. The ceremony will feature a special address on ethics by Dr. Quiester Craig, Dean of the School of Business and Economics at North Carolina A&T, and will honor the best and brightest students of the SBE. Jessica Bailey FOCUS is published weekly by the School of Business and Economics at Winston-Salem State University. For information concerning the newsletter, or to contribute an article, please contact Ben Greene at (336) 750-2330 or by forwarding an e-mail to greenebp@wssu.edu. FOCUS News Page 2 The SBE Supports the Rolling Hills Apartment Complex A host of community leaders gathered for the Community Luncheon for Urban Initiative in the Anderson Center last Wednesday. Organized by the Maya Angelou Institute for the Improvement of Children and Family Education, it was a gathering of a host of entities all devoting time and resources toward the improvement of the Rolling Hills Apartment Complex off of New Walkertown Road. Dr. Jessica Bailey was in attendance, representing the School of Business and Economics. Dr. Francine Madrey of the School of Education and Human Performance welcomed all of the guests and spoke about the challenges of health and educational disparities and their effect on the quality of life for many in our society. He was followed by the main speaker, Mr. Bill McClain, who described the Rolling Hills project as a true collaborative, one which attracts the participation, resources, and moral support of many disparate non-profits and for profits in Winston-Salem. The School of Business and Economics has volunteered to be a part of this collaboration by providing financial literacy Rolling Hills Resident, Ramona Hambrick, in front of the New Horizon Community Center at Rolling Hills that she championed (photo courtesy Winston-Salem Chronicle) training for the residents of Rolling Hills under the direction of Mr. Nick Daves, Director of the Center of Excellence in Financial Services. With faculty supervision, students will provide training in basic personal financial planning to parents and young adults. This program is planned to begin in fall 2013. The SBE looks forward to working with businesses and non-profits in the community to help improve life in Rolling Hills. Student Profile—Aparna Shivram Aparna Shivram is a second-year Master of Business Administration (MBA) candidate with a specific interest in market research and segmentation. Specifically, she is interested continuing to utilize her strength in web development, data mining and marketing to further the interests of future clients. As a Graduate Assistant in the SBE, Aparna was thrilled to be invited to work at The Enterprise Center, a business incubator. Under the mentorship of the Director, Ms. Carol Davis and Center for Entrepreneurship Director, Dr. Notis Pagiavlis and Business Consultant, Mr. Larry Weston, Aparna has the good fortune to gain experience in developing business plans for small and micro businesses, entrepreneurial ventures and startups. During her tenure, she facilitated the Aparna Shivram development of “ETalks,” a series of conversations between successful entrepreneurs and the new business community. These talks have featured Nike Roach, of 6th Sense Health and Wellness and Andy Dreyfuss from the Piedmont Angel Network as keynote speakers. One of her proudest accomplishments at the Center was the opportunity to coauthor a business plan which was included in an application to the U.S. Economic Development Agency (EDA) resulting in the approval of a $1.2 Million grant for the renovation of The Enterprise Center basement. This area will permit new office space for up to 30 new businesses. In addition to the aforementioned work, Aparna supports the Graduate Programs office. In this capacity, she welcomes and provides information to prospective students, has written a number of articles for inclusion in the SBE FOCUS newsletter, and has supported scholarly research and performed a market feasibility study for Program Coordinators. Aparna feels privileged to participate in the Master of Business Administration program and would encourage other graduate students to consider applying for work as a Graduate Assistant. Beta Alpha Psi Inducts Students and Faculty On Friday, April 5, the School of Business and Economics honored students from the Department of Accounting and Management Information Systems at the induction ceremony and banquet for the Lambda Epsilon Chapter of Beta Alpha Psi the honorary organization for financial information students and professionals. The primary objective of the organization is to encourage and give recognition to scholastic and professional excellence and to encourage a sense of ethical, social, and public responsibility. The keynote speaker for the event was Mr. Michael L. Diamond, Vice President of BB&T in the division of Wealth Management. He encouraged inductees and graduates to Michael L. Diamond begin planning now for the challenges of life so that they could help to eliminate the disparity that exists between African-American and white wealth accumulation. Student inductees included Tyler Hickernell, a senior accounting major, Dorothy Miller, a 2nd degree accounting major, Andreya O’Brien, a junior accounting and MIS double major, and Mary -Nina Ukariwo, a 2nd degree accounting major. Faculty inductees were Dr. Sharon White, Chair of the Department of Accounting and MIS and Dr. Lynette Wood, Associate Professor of Accounting. Special recognition for exemplary service to Beta Alpha Psi was given to the Recipients of the Red and Black, Bryant Clinton, Adam Dedie, Danielle McClammy and Alexis White. Dr. Jessica Bailey, Dean of the School of Business and Economics, made closing remarks to those in attendance. She congratulated each of the new Beta Alpha Psi members and recognized the hard work and dedication that resulted in their induction. FOCUS News Page 3 UPS Sales Director Visits Human Resources Management Class Mr. Gary J. Carroway, Sales Director from United Parcel Service, visited the MGT 4385 – Advanced Topics in Human Resources Management – Learning Assessment Prep Class – and shared a wealth of knowledge with the seven advanced topics students and his daughter, Kianna (an incoming freshman) shown in the picture. The Advanced HR students are Tonya King, Maylene McLee, Joseph Seat, Mr. Gary Carroway, Shaundria Lynch, Terri Morgan, Elgin Phillips, Mychelle Lynch, and Dr. Janice Witt Smith. Mr. Carroway opened his session by sharing his background and experience. He introduced his daughter, Rianne, who is an incoming freshman who has an initial interest in healthcare. Our HR students immediately began to share their insights on their first majors and the need to remain open minded. They talked about the general education curriculum and how it will be helpful for Rianna to learn about various fields and solidify her interest in a particular major. Dr. Smith invited Rianna to her Fall 2013 Liberal Learning Seminar, “Why I Hate My Boss,” which is sure to recruit her to the Management Major, HR Concentration. Mr. Carroway asked the students to introduce themselves, identify their major, to share something unique about themselves, and to ask him the question about what they wanted to learn from him in the session. He also talked to them about the importance of the 30- second message, his focus on increasing diversity among his staff, his belief in BEEP and the mission of HBCUs, and why he continues to work to make a difference within the AfricanAmerica community. Among the things the students learned, in their own words, were: Terri Morgan: Mr. Gary Carroway came into our HR Advanced Topics class today and really shed light on key information. The part on taking ownership of where you would like to be in the organization and clearly stating that to your supervisor or manager was helpful. Also, he told us about developing our brand and not to let anyone--whether it be family, friends, or associates-- ruin it. Shaundria Lynch: My experience in the classroom that Mr. Carroway, Sales Director, presented was: He was very helpful. I really appreciate that you offer top executives, especially African Americans, to come speak to us in our classes. Furthermore, I gained a lot of knowledge about Corporate America and I will always remember: "Never change who you are for anyone but always stay confident about yourself." Elgin T. Phillips, Jr.: What I learned from Beep these past two days is the power of role playing and being able to ask yourself is the organization right for me not the other way around. To be yourself in an interview and learning setting go in the job willing to learn, develop, and most important the ability to show and have confidence. Anyone is able to teach someone how to do the job but everyone does not have the confidence to actually complete the job. BEEP Reception at the Piedmont Club On the evening of April 4, the Office of Career Development Services hosted a reception for the AfricanAmerican business executives of the Black Executive Exchange Program (BEEP) program. The reception was one of the showcase events of the three-day BEEP program and the room was filled with students from the School of Business and Economics. Also in attendance from the SBE were Dean Jessica Bailey, Associate Dean Suresh Gopalan, Interim Chair and Assistant Provost Denise Pearson, and Dr. Morteza Sadri. The reception was a dining event at which students, faculty, WSSU staff, and BEEP professors had an opportunity for networking. Dr. Bailey gave remarks that highlighted the pleasure of the SBE to be an active participant in this event each year. She mentioned, however, that even more students should participate—those from both inside and outside of the SBE. “Talk to your friends about this event and tell them how wonderful it is,” she said, ”so that they can be seated in your place next year.” Ms. Lamonica Sloan agreed that students should spread the word about this wonderful program, so that the level of student participation can increase each year. Remarks made by some of the BEEP executives attested to the high level of professionalism of the SBE students and the outstanding quality of the program at WSSU. Though some of the executives were WSSU alumni, many explained that they loved to come to WSSU simply because the students are so eager to learn and the program is professionally done. Coming soon Beta Gamma Sigma Induction Ceremony Congratulations to our students and faculty who will be inducted as members of Beta Gamma Sigma on Friday April 12, at 6:00 in the evening Scholar’s Day SBE Faculty and Students Present their research to the Campus Community Tuesday, Apr. 9 from 11:30 a.m.-1:30 p.m. Kennedy Dining Room Thompson Center Chomp-N-Chat with Dean Bailey Monday, April 22 12:00 p.m. RJ Reynolds Center, Room 107