Student Profile FOCUS News from the School of Business and Economics Before entering the Master of Healthcare Administration program, JaNae’s education and career was focused on healthcare. She completed her Ph.D. in Molecular Medicine from Wake Forest University in 2007 and hoped to find an alternative to the traditional postdoctoral position that used her research skills, but with a closer alignment with a more global healthcare perspective. As research director at the Wake Forest Baptist Health Consortium for Southeastern Hypertension Control, she served in both administrative and research roles in the physician quality improvement programs involving physician continuing medical education. JaNae feels that an MHA degree from WSSU combined with her research and experience will be an asset to a health care network, clinic or hospital as pay for performance and quality measurement become primary reimbursement means. JaNae said “With the changing face of healthcare, I feel that there is a need for someone who understands analytics and who has administrative training to help primary care and hospital settings change as healthcare transforms. As a scientist, I have the expertise in data analysis but I am missing the administrative angle. I have chosen the WSSU MHA program due to its convenient class schedule, caring faculty, and lower cost to gain the necessary administrative training needed to be one of those future administrators leading the way to our changing healthcare system.” January 13, 2013 Volume 4, Issue 1 A MESSAGE FROM DEAN BAILEY To all supporters of the School of Business and Economics at Winston-Salem State University, Welcome to the new FOCUS newsletter! After a long hiatus, the newsletter has returned in its new, more exciting format, designed to bring you weekly news and updates of the School of Business and Economics. It is our way of keeping you informed about what’s happening and to give you an opportunity to be a part of upcoming events. The weekly newsletter will be delivered by email every Monday morning before 12:00 noon and it will be loaded with all sorts of valuable information on a variety of topics. This will be your chance to learn about events that have taken place in the past in the SBE; the accomplishments of faculty, staff, and students; new facilities and renovations in the RJ Reynolds Center; events planned for the future; and opportunities for you to become involved. The new, shorter format offers quick and easy access to the things that you Dr. Jessica Bailey want to know, including people and events that are being spotlighted and featured events planned for the upcoming week. We are hoping that you find the new FOCUS newsletter to be both timely and exciting, as it becomes your continual connection to the School of Business and Economics. Enjoy! A P rev i ew o f t h e N ew Tr a d i n g R o o m WriĆ©en by Brianna Galbreath, 2011 WSSU graduate, 1st Grade Teacher, Bluford Elementary STEM Academy, Guilford County Schools Winston-Salem State University’s (WSSU) School of Business and Economics (SBE) is completing construction on a state-of-the-art trading room. A trading room is found in a financial institution’s security trading department, and it is where actual stocks, bonds, and notes are bought and sold. “Over 300 colleges and universities use trading rooms to enhance their learning experiences and better prepare graduates for careers in business, finance and economics” says Nicholas Daves; Director of the Center of Excellence in Financial Services at WSSU. Campuses across the nation are becoming more competitive and globally connected. The trading room will enhance both of these areas for the university. “The purpose of the trading room is to bring world Nick Daves -wide financial market information to the School of Business and Economics.” In this issue: A message from Dean Bailey Our New Trading Room 1 1 SBE Business Plan Competition 2 The BB&T/SBE Initiative 3 Competitiveness in the 21c 3 Brianna Galbreath JaNae Joyner, MHA Student Joyce Jenkins, SBE Business Officer and Justin Winslow, SBE Alum visit outside of the Trading Room The trading room is located on the first floor of the R. J. Reynolds Center, and it is equipped with twenty-six work stations with dual screen monitors, a world clock with local time in worldwide financial markets, an NYSE ticker tape, and wall panels displaying current stock and bond prices and news. Inside are display panels featuring stock, bond, commodities, foreign currency exchange rates and market indices. (continued on page 2) Watch for an invitation to the Grand Opening of the Trading Room Trading Room, Continued The trading room will become the heartbeat of the R. J. Reynolds Building with the 45foot ticker tape displaying transactions on a 20-minute delay. There will be glass panels in place to allow the trading room to be visible from the hallways in the building and outside the building toward the traffic circle. This will attract students, faculty and staff, and visitors to the trading room. “The trading room will be available to other parts of the university and to the community.” maximal learning achievements. Daves added, “The closer relationship with financial institutions will also enhance the level of corporate financial support for the SBE.” Mr. Nicholas Daves explained the funding process of the new trading room. “Funding for the construction, furniture, and display equipment is coming from a Title III Grant from the federal government. On-going operating expenses for the room will be funded by a grant from Gateway Management Services, Inc. to the Center of Excellence in Financial Services The SBE offers a General and from other sources.” The Education course in trading room is sure to be Personal Financial Planning money well spent for the (FIN 3357) in the Spring department as well as the satisfying the Quantitative university. Literacy Requirement When asked, “How will the trading room be used in the SBE?”; Mr. Daves responded, “Students and faculty will be able to use the Morningstar Direct financial platform to conduct research and complete course projects. The 2013 School of Business and Economics (SBE)/Center for Entrepreneurship Business Plan Competition The SBE/Center for Entrepreneurship Business Plan Competition is open to any WSSU full full--time undergraduate or graduate student during the 2012 2012--2013 academic year (individual or teams from any academic discipline/major, including December, 2012 graduates). Deadlines to compete are as follows: January 25 Student teams must submit an Intent to Compete notification to Dr. Notis Pagiavlas by email to pagiavlasno@wssu.edu Executive Summary (1 (1--2 pages) is due Business Plan is due by 3:00 p.m. (5 bound copies) February 4 February 8 February 16 Business Plan Competition (10:00 a.m. a.m.— —3:00 p.m.) 1st Place Prize 1st Runner Up 2nd Runner Up $1,500.00 $1,000.00 $ 750.00 2009 MBA team of Tracy Askew, Erin Hammond, Tiyi Moori, Jonathan Sadler and Crystal Wilson with faculty advisors Drs. Kathy Stitts and Notis Pagiavlas In 2008, WinstonJudges for the competition include leading business professionals, venture Salem State University (WSSU) capitalists, and organizational/community development specialists. was the first among the All alumni, faculty, staff and the Greater Historically Black Colleges and Universities (HBCU) to Winston Winston--Salem community are invited to register its undergraduate attend the competition on Saturday, February 16 from finance curriculum with the Certified Financial Planner 10:00 a.m. a.m.--3:00 p.m. The competition will be held at Board of Standards, Inc. (CFP). With the trading In addition, investment classes room, the SBE can enhance the will be taught in the trading CFP registered curriculum by room at the undergraduate giving students real world level and graduate level.” experience in the financial field The trading room will of study. Mr. Daves concludes be home to a student-operated the interview by saying, “The investment club that will work trading room will add a new with real money to make dimension to our curriculum, investment decisions. This which will be Invaluable to our investment club will be students.” supervised by faculty and industry professionals. Financial institutions and students will be brought together by the trading room; sparking connections that could lead to internships and job opportunities. Additionally, these financial services practitioners will hold seminars in the Edison Mechanical Stock Ticker (Circa 1869) trading room allowing for the Enterprise Center (1922 Martin Luther King, Jr. Drive - Former Boy’s and Girl’s Club). Please RSVP to greenebp@wssu.edu or call (336) 750 750--2330 if you plan to attend. The Trading Room Quad-Panel Video Wall and International Clock Professional Development Center joins forces with BB&T to create new HBCU initiative Tom Baldwin, BB&T Senior VP, Coordinator of Multicultural Markets and Michael Diamond, BB&T Wealth Senior VP were on hand January 8, Tom Baldwin at the first faculty meeting of spring 2013. Together they unveiled the new BB&T Institute of Professional Development. The institute is the product of seven months of collaboration among BB&T, representatives from Winston Salem State University, Johnson C. Smith University and North Carolina A&T University. This is a firstof-its-kind venture designed to provide a coordinated series of nine training modules and three signature events to help students learn key soft-skills needed for success in corporate environments. The training modules cover business etiquette, business communication and financial literacy in progressively advancing levels over a three year span. The PowerPoint presentation used for this meeting was a part of the set of marketing materials prepared by BB&T’s marketing department customized for each university with input from marketing specialists from the individual schools. The WSSU team consists of Don Wood, PDC Director, LaMonica Sloan, Director of Career Development Services, Sigrid Hall-Pittsley, CMO of WSSU and Teresa Mackey, BB&T Multicultural Markets Officer for the Triad and interim WSSU liaison. Fifteen to 30 Students recruited for this competitive program each year will begin as sophomores and continue into their senior year. Successful WSSU School of Business and Economics Launches Book on Competitiveness completion of the program The School of Business and Economics at Winston-Salem State guarantees participants University (WSSU) presented a collection of essays on factors that affect program certification and success in today’s competitive environment on Tuesday, September 13, interviews with BB&T. During 2011 in the auditorium lobby of the R. J. Reynolds Center on campus. the presentation Baldwin noted that several majority Editors for the book, Modern universities are asking for this Competitiveness in the Twentyprogram but that it is being First Century: Global Experiences, “beta-tested” at the three included three faculty members HBCUs and will go out to from Winston-Salem State other schools only after the University. They are Jessica initial run at WSSU, A&T and Bailey, Dean of the School of Smith. Business and Economics, To illustrate the Zagros Madjd-Sadjadi, Chair of importance of the the Department of Economics collaboration, Michael and Finance, and Nikolaos Diamond announced that the Karagiannis, Director of the top producer in the BB&T Center for Economic Analysis Wealth division, companyand Associate Professor of wide, was WSSU alum TaJuan Economics. Claudette ChinMills. This drew applause from Loy, Assistant Director of the the faculty. Diamond doctoral program in business hammered home the point that studies at Nova Southeastern we must continue to create University in Florida, also avenues for more people like served as an editor. Mills to thrive in the corporate sector. “Our goal was to create a Michael Diamond Don Wood, who has been in close consultation with Dean Bailey and Associate Dean Suresh Gopalan about this project, concluded the session by sharing that the development process is nearing the point of completion. Final review of marketing materials is coming in February, application and recruitment materials are being finalized and questions and comments from each school’s faculty help to refine the process to give our students a great advantage. Don Wood, Director of the Professional Development Center can be reached at (336) 750-8868 or by email at wooddj@wssu.edu thought-provoking platform for developing alternatives to improve competitiveness in the twenty-first century,” said Karagiannis. “The contributions to the book expand and update the existing body of knowledge, including providing contemporary material in direct contrast with older views and thoughts. We think the collection of material offers concrete alternative policies related to many aspects of competitiveness in today’s global economy.” The various authors of the essays, including 11 faculty members from the WSSU School of Business and Economics, link competitiveness with economic development, tertiary education, health insurance, sociocultural and legal issues. The essays also analyze important aspects of competitiveness in the context of different areas of the world, including the Caribbean region, Greece, the Czech Republic, The Bahamas, and Vietnam. The book was published in July by Lexington Books, an imprint of the Rowman & Littlefield Publishing Group. Copies of the publication are available at the C. G. O’Kelly Library. Winston-Salem State University School of Business and Economics R.J. Reynolds Center 601 South Martin Luther King, Jr. Drive Winston-Salem, NC 27110 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.