Fall 2013 Volume 4, Issue 3 DoB Newsletter Division of Business Xavier University of Louisiana Inside this issue: BioTech Industry 2 Honors in Business 2 Delgado 2 Xavier 3 Louisiana Quality Foundation 3 SSI continued 3 Highlights 4 The Division of Business SBDC consultant Erik Waters, works with clients at the local LSBDC office. Sales for Social Impact (SSI) exemplifies the mission of the Division of Business;:“We prepare tomorrow’s socially responsible business leaders.” Since 2011, highly motivated students with a desire for business leadership and contributing to society have applied their academic skills to improve the lives of others in the SSI course. SSI is offered by the Division of Business annually to students throughout the university. It focuses on incorporating a marketing and sales plan to meet the needs of those under-served that reside near or at the base of the socioeconomic pyramid. SSI is funded by 3M Foundation which provides grants to partner colleges and universities in 3M’s Frontline Sales Initiative. The Frontline Sales Initiative is an innovative, educational partnership with 12 colleges and universities across the United States, designed to increase the amount of sales education content at universities with the goal of elevating sales as a discipline and a profession. SSI is distinctive because it enables students to conduct intensive research into specific needs of targeted individuals . The students then determine the feasibility of the venture, complete a comprehensive business plan, and finally, present it to executives at 3M in St. Paul, Minnesota. Comments from students that have participated include ”life-changing,” “inspirational,” and “educational.” The most recent project is Agrowtopia, andurban farm that will be developed in Gert Town and will provide affordable fresh, locally grown foods to local residents and the Xavier university community. New Orleans, with a population of more than 300,000, well known for its culinary options and one of the fastest growing cities in the country, also contains many food deserts. The US Department of Agriculture defines food deserts as areas in which healthy food is not available and not affordable to the local population. These areas are plagued by various health ailments such as obesity, hypertension and heart disease. Gert Town, where Xavier is located, is a food desert. Continued on page 3 Students test the Aqua Therm solar water pasteurizer Student prepares donation boxes for Steps for Empowerment. http://www.xula.edu/business Steps for Empowerment team at the 2012 3M SSI presentation in St. Paul, Minnesota. Page 2 DoB Newsletter Volume 4, Issue 3 Biotech in New Orleans Business Week Fall 2013 During Business Week held in October 2013, the Division of Business brought together the local community, academia and business professionals to examine topics of interest. Given the future completion of the $2 billion biomedical complex in the coming Rodrick Miller(l) president and CEO of the years providing 3.6 million square feet of new hospital space as well as an additional 1 New Orleans Business Alliance (NOLABA), Shafin Khan(c) Director of Technology Com- million square feet in research and development space, the Division held three informercialization at the New Orleans BioInnova- mation sessions designed to educate the Xavier and local community on the issues and tion Center. And James P. McNamara (r) Presi- major players in the Bio Technology Industry in New Orleans. dent and CEO of BioDistrict New Orleans. The first event was a panel discussion with the goal of introducing the major players in the development of Bio Technology in New Orleans. The session entitled, “Learning the Bio Tech Industry in New Orleans,” featured panelists from the New Orleans Business Alliance (NOLABA), The New Orleans Bioinnovation Center (NOBIC) and the New Orleans Bio District. The City of New Orleans, through its economic development organization NOLABA, has identified Bioinnovation and Health Sciences as a prioritized industry. New Orleans currently has 14,000 health science jobs and employment is expected to grow to 20,000 over the next two decades. The panel highlighted ongoing efforts to incubate biotech businesses, the growing demand for direct and ancillary support services for health service industries and the challenge of raising Dr. Mack Crayton (l), Biology, Dr. Jason venture capital. Berntsen, Philosophy, .Dr. Mark Gsthohl, The second panel discussion “The Roles of Universities in the Biotech Industry” Theology, Dr. Joe Ricks, Division of Business Chair, and Dr. Shael Wolfson, Business. featured panelists from NOBIC and the Technology Transfer Office of Tulane University. This session explored how universities work with business incubators, academia and entrepreneurs to bring technology and research from the laboratory to the marketplace. Finally, students and community members packed the seminar room of the Convocation Center Annex and participated in a lively program entitled ”The Ethics of Bio Tech” featuring Xavier professors Mack Crayton (Biology), Mark Gsthohl (Theology) and Jason Berntsen (Philosophy). The session began by defining ethical situations in a philosophical context then continued with theological points of view. The participants then examined specific applications regarding stem cell research and genetic engineering. According to Brandy Simmons, Senior, business management major “I really learned a lot this week about the local biotech industry; the entrepreneurial opportunities are really exciting.” Overall we had a phenomenal week, in addition to providing a 360-degree view of the bio technology industry in New Orleans; we also held a career fair with various orStudent gain valuable insight during ganizations from the New Orleans area and student development seminars conducted by “The Roles of Universities in the Biotech Industry panel discussion our Business Advisory Council members. During the student development seminars our BAC members had discussions with students about mentor-mentee relationships, and the types of goals students should set and outcomes they can expect from their first job. Honors in Business The Division of Business is proud to offer Honors in Business The Division of Business is proud to announce that starting May 2014 graduates can attain an Honors in Business designation. According to Dr. Ricks Chair of the Division of Business, “I think it is really important to give special recognition to students that put in the extra academic work to perform at an exceptional level in their business studies.” 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. Students with Honors in Business will receive an honors rope and will be recognized during the university commencement exercises. http://www.xula.edu/business Page 3 DoB Newsletter Volume 4, Issue 3 Delgado 2 Xavier During the Fall semester the Division completed an articulation agreement with Delgado Community College creating the Delgado 2 Xavier program in business. Since the signing, the Division held an information session at Delgado introducing the Division of Business to Delgado students. Louisiana Quality Foundation The Division of Business recently completed our application process for the Louisiana Performance Excellence Award (LPEA), which is sponsored by the Louisiana Quality Foundation (LQF). The application process consisted of a narrative application and a site visit by an independent LPEA Review Team. The LPEA application is another in a long line of continuous improvement processes currently deployed by the Division. According to the LQF website, “Louisiana Performance Excellence recipients demonstrate their achievement of award criteria benchmarks that align with the Malcolm Baldrige National Quality Award Criteria, an internationally recognized standard for performance excellence initiated in 1987.” The Baldrige Award is the only formal recognition of the performance excellence of both public and private U.S. organizations given by the President of the United States. It is administered by the Baldrige Performance Excellence Program, which is based at and managed by the National Institute of Standards and Technology, an agency of the U.S. Department of Commerce. The LQF is the state level organization that administers the Baldrige-based performance excellence award. For the Division, the application award process provided an opportunity for independent, non-academic review, to ensure that its core business practices aligned with its mission and the mission of Xavier University. Dr. Ricks, Chair of the Division of Business, adds, “Going through this process challenged us to take a critical look at ourselves and get better the same way we challenge our students. The application process helps us practice what we teach.” The Division expects notification on the results of their application in the early spring. ….SSI continued Agrowtopia is scheduled to be developed on a vacant lot owned by the university. The students worked with a local urban farmer, conducted a survey of local residents and university students, faculty and staff, and created a business plan that demonstrates how affordable locally grown food can be grown and sold to Gert Town residents at an affordable price. “I have always wanted to learn the details of launching a business, and I’ve learned how to do that in this class” said Kevin Joseph, a junior finance major from Donaldsonville. Added Tayler Loyd, a senior Sales and Marketing major from Atlanta, “This class awakened me to the negative impacts of poor diet on low income communities.” Previous SSI projects were NOLA Pure, a company that would market solarpowered water pasteurizers to microenterprises in emerging countries as a way to increase the availability of clean water, and Steps for Empowerment, an initiative to collect used shoes for resale to the Republic of Liberia. Another distinctive feature of SSI is its interdisciplinary appeal. Although the course is offered by faculty of the Division of Business, it has been taken by students who are majoring in the Health Sciences, Education, and the College of Pharmacy. SSI allows all students to apply their area of interest to address the needs of people by incorporating business and free enterprise principles. The cross pollination of backgrounds and skills among the students strengthens the plans and allows all students to learn and teach each other. http://www.xula.edu/business Future home of Argowtopia Xavier’s Agrowtopia Team presents to 3M Business Leaders and Frontline Partners in St. Paul Minnesota A group photo at the Division of Business’ 2013 homecoming reception Team Agrowtopia along with Alumni and 3M Global Business Manager, Amelia Hardy 98’ at the 3M 2013 Sales for Social Impact presentation Students, faculty, staff and alumni enjoy the Division of Business’ homecoming 2013 pig roast, tailgate and open house festivities Fall 2013 Divisional meeting highlighting the Google Community Leaders internship and Xavier’s Career Advancement Center Student congregating at the Career Fair to kick off the Fall 2013 Business Week 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 http://www.xula.edu/business Xavier University Division of Business 1 Drexel Drive New Orleans, LA 70125-1098