Spring 2014 Volume 5, Issue 1 DoB Newsletter Division of Business Xavier University of Louisiana Executives Speak on Leadership, Ethics and Social Responsibility during Business Week Inside this issue: Student competitions 2 Honors in Business 2 Fashion show highlights 3 LPEA Award 3 LSBDC 3 Semester Highlights 4 William Balhoff (left) of Postlethwaite & Netterville and William Smith (right) of 3M address students on the importance of ethics, leadership and social responsibility during spring 2014 Business Week activities Spring 2014 Business Week featured two distinguished business executives, William E. Balhoff, Managing Director and Chief Executive Officer of the accounting firm Postlethwaite & Netterville, APAC, and William Smith, Vice President and General Manager of 3M’s Industrial Mineral Products Division. On Tuesday, April 1, Mr. Balhoff spoke on the topics of “Ethics, Professionalism, and Quality” to a large audience of students, faculty, members of the Business Advisory Council and alumni. Two evenings later, Mr. Smith was the keynote speaker at the Awards Banquet of the Division of Business and his topic was “How Leadership in Corporations Connects with Social Responsibility.” Mr.Balhoff provided the audience with his perspective on the importance of adhering to the rules that are required to be followed in the accounting profession. These rules, developed and mandated by the American Institute of Certified Public Accountants, of which he is the current Chairman of the Board of Directors, provide a uniform standard of ethics for which professionalism and work quality are assessed. In turn, this protects the public interest and well as promotes the interests of Certified Public Accountants. Mr. Balhoff stated that these standards can easily be applied to any profession. By making an internal assessment of one’s own expectations, personal and professional deportment become linked since, how you represent yourself will determine how you represent others. While recounting personal experiences over his 35 years at Postlethwaite & Netterville, Mr. Balhoff stressed that accountability (how you act when no one is looking) is a crucial core value in developing a true sense of professionalism. Mr. Smith explored the importance of students building their leadership skills as conduits to developing and eventually making socially responsible contributions to the workplace and, eventually, to the community at large. According to Mr. Smith, his 30 years in sales and marketing at 3M have led him to recognize three characteristics of leadership that business executives seek in young employees as they foment their skills to become socially responsible. These characteristics are (1) having a strong set of core beliefs, (2) using those beliefs to make thoughtful choices where one’s talents can make the greatest impact, and (3) knowing the direction of one’s objectives and creating a plan to achieve the objectives. Towards doing the right thing, Mr. Smith stated that not only 3M but also many other corporations hold social responsibility as a high priority since it enhances the company’s reputation and it is demanded by the corporation’s shareholders. Ultimately, continuing social responsibility rests in our hands and will only be limited by our leadership. http://www.xula.edu/business Page 2 DoB Newsletter Volume 5 Issue 1 Student Participate in National and Regional Business Competitions Xavier students represented the Division of Business in six competitions this semester. A team of 4 students (Kevin Joseph, Brittany Nicholas, Hakeem Frank, and Jonathan Menyon) presented the Agrowtopia business plan at the Opportunity Finance Company Venture Challenge. Judges were executives or corporations, including investors and Mark Quinn, Jonathan Menyon, Hakeem major corporations. Other participating universities were HBCUs from around the counFrank, Brittany Nicholas, Kevin Joseph and Dr. Joe Ricks pose for a group photo at this year’s try and the West Indies. An interdisciplinary group of students Victoria Thompson (Accounting), Amithyse OFCVC competition. The group presented AGROWTOPIA, a student operated urban Moore (Speech Pathology) , Victoria Philips (Chemistry), and Yolanda Jackson (Sociology) farm. competed and advanced to the 2nd round in the 2014 Enactus USA National Expo in Cincinnati, OH. The Enactus USA National Expo brings together teams from various universities and corporate recruiters for the teams to report on their projects and the impacts they have on their respective communities. 3M Company hired three Xavier students for their prestigious Frontline Internship program this summer, graduating senior sales and marketing majors Tayler Loyd and Kaylin McLeod and sales and marketing minor Gregory Jones. 3M kicks off the Frontline program each year with a conference for interns and Frontline partner faculty and a case challenge for the students. “The Frontline program is a rare and valuable opportunity for faculty to see students connect with their real-world employers first-hand,” said Xavier Pictured (l) to (r) are Victoria Thompson, sales and marketing professor Amanda Helm. This year the new Frontline interns develVictoria Philips, Yolanda Jackson and Amioped proposals to promote 3M’s famous Post-It and a new partnership with Evernote, thyse Moore at the Enactus National Expo. the mobile app version of a Post-It. Business majors Rasaan Hollis and William Hanna and business minors Tonnesha Foster and Ashley Bonhart participated in the Bayou Sales Challenge sales role play competition. Xavier has participated in this regional competition for several years, giving students the opportunity to interact closely with sponsoring businesses and get valuable feedback on their sales technique. Graduating senior William Hanna also participated in the Northwestern Mutual national sales competition as part of the annual International Collegiate Conference of the American Marketing Association. Early in the semester, Xavier headed north into the freezing winter at the invitation of the Kelley School of Business at Indiana University – Bloomington to participate in its annual Diversity Case Competition. Xavier Business majors Erin Ancar, Chris Hayes, Rasaan Hollis and Dana Thompson teamed up with a proposal for Target to market to Hispanic shoppers. The Xavier team placed first in their category management workshop. 3M Frontline interns Tayler Loyd (l) and Xavier was proud to be invited for the first time this year to join this small prestigious Kaylin McLeod (r) chat with sales and marketing professor Amanda Helm (c) group of invited schools such as Indiana University, Purdue, Duke and University of Pennsylvania. Honors in Business, the Inaugural Class The Division of Business is proud to highlight the first graduating class with Honors in Business Congratulations to the inaugural Honors in Business class. Nine business majors and one minor qualified they were business majors Nadine Bizimana, Kara Everhart, Shanequa Grayson, Kyle McClue, Kaylin McLeod, Javon Mead, De’Angela Smith, Cynthia Watson, Amber Williams, and chemistry major Erika McClain. In order to receive the honors designation students majoring or minoring in business must have an overall 3.3 GPA. For majors, students must have a 3.5 in their concentration courses, and for minors they must have a 3.5 in their minor course work. http://www.xula.edu/business Page 3 DoB Newsletter Volume 5 Issue 1 The Business Week Fashion Show During the spring 2014 Business Week, the student led Fashion Show showcased a variety of different styles of business dress and evening wear. Donations from various organization and the students sense of style made the event a huge success. To view an excerpt of the fashion show visit: http://youtu.be/GLsXKyQm0Ns The Division Wins Louisiana Performance Excellence Award The Division of Business has been awarded the Level II Louisiana Performance Excellence Award (LPEA) based on an evaluation of its proven effectiveness, sustainability, innovation, integrated processes and tracked results. The LPEA is a statewide award recognizing quality leadership in education, government, manufacturing, service industries, health care and non-profit organizations. The purpose of the Award program is to promote quality and performance excellence awareness and practices in Louisiana and recognize the quality achievements of Louisiana organizations. The award criteria are based on the Malcolm Baldridge National Quality Award and the award is organized and administered by the Louisiana Quality Foundation (LQF). The division was evaluated on its organizational profile and documentation related to its leadership, strategic planning, customer and market focus, measurement, analysis, and knowledge management, human resource focus, and process management. According to Dr. Joe Ricks, Chair of the Division of Business, “We always push our students to evaluate themselves and get better; this process demonstrates we practice what we teach here in the Division.” The Division will be honored at the annual Award Ceremony at the governor’s mansion June 24, 2014, along with the other 2014 Level II recipients: the Jefferson Parish Career and Business Solutions Center and the Jefferson Parish Community Action Programs. LSBDC, Entrepreneurship and the Division of Business Crescent City Pharmacy opened on Nov.22, 2013, with the assistance of a variety of resources, many with close ties to Xavier and particularly to the Division of Business. Founded by Lishunda Franklin, Pharm. D, a New Orleans native and graduate of Xavier University’s College of Pharmacy, Crescent City Pharmacy is a full-service, retail pharmacy in Central City. Dr. Franklin received assistance from the Louisiana Small Business Development Center (“LSBDC”). The LSBDC assisted with obtaining financing for the venture, and Dr. Franklin attended LSBDC classes on Internet marketing, Google products, website preparation, and various marketing tools to enhance her business skills. LSBDC Greater New Orleans Region’s team received accolades as the nation’s leading center by the SBA in 2013. Erik Waters, Xavier’s business consultant at LSBDC, assists hundreds of clients in financing their projects and providing marketing and certification assistance via direct one-on-one counseling and training seminars on business development topics. Erik is the center’s designated Google trainer and Certification expert. Participation in the LSBDC is one of many entrepreneurship activities of the Division of Business. Through the Entrepreneurship Institute, the Division of Business operates the X-ncubator (a business incubator for student businesses), offers the Lunch With a ‘Trep series of speakers, coordinates student internships with Google and the LSBDC, and works with students in entering entrepreneurial competitions with Enactus and the Thurgood Marshall Scholarship Fund. Crescent City Pharmacy is located at 2240 Simon Bolivar Ave in New Orleans. We congratulate Dr. Franklin on her successful opening and wish her much success. http://www.xula.edu/business Xavier Alumni, Crescent City Pharmacy owner, Lishunda Franklin and Capital One’s Mark Boucree, celebrate the Pharmacy’s Grand Opening Students and local entrepreneurs share visions and keys to success during this semesters Lunch with a ‘TREP series This Year’s Teen Academy Business idea winners. Teen Academy is sponsored by the Entrepreneurship Institute At a packed house, student eagerly listen in on a lecture series on ethics, leadership and social responsibility Students, faculty, staff and alumni enjoy the Division of Business’ Annual Awards Banquet (l) Dr. Joe Ricks awards Amber Williams with this year’s ACBSP student leadership award Kim Price, president of the 3M foundation visits the AGROWTOPIA site. Xavier students volunteer to prepare the AGROWTOPIA site. For more information on the programs offered by the Division of Business, please email us at business@xula.edu or call us at 504-520-7505. Or visit us in building 40 (Xavier South) room 325. For previous editions of our Newsletter, visit us at http://www.xula.edu/business/newsletters.html To view Division activities visit out YouTube channel at: https://www.youtube.com/channel/UCJcpXMXNeURw6-qeXE83ndg http://www.xula.edu/business Xavier University Division of Business 1 Drexel Drive New Orleans, LA 70125-1098