Mihaylo College of Business and Economics
2008 – 09 Annual Report
Anil Puri, Dean
Mihaylo Hall dedication on October 17, 2008 (l-r) President Milton A. Gordon, Steven G. Mihaylo ’69,
and Dean Anil K. Puri
Vision
We will be the choice of Southern California's businesses and governments
for college graduates, business solutions, and professional development.
Mission
We create and apply knowledge that transforms student lives, develops
business leaders who shape the regional economy, and advances the
intellectual capital of our diverse region.
2
2008-09 Mihaylo College of Business and Economics Annual Report
Executive Summary
Executive Summary
Introduction
Fall 2008 marked the beginning of a new era for our college with the opening of Mihaylo Hall.
Although our dedication ceremonies in mid-October helped us to memorialize the achievement of
creating this cutting-edge facility, it also marked a new era. It was not a celebration of our past,
but a launching party to a future brimming with endless possibilities.
Along with highlighting our achievements for 2008-09, the following report will outline our goals
for 2009-2010. The summary below helps to highlight some of our achievements and future
initiatives.
2008-2009
Once again we earned AACSB’s five-year maintenance of accreditation for our business
programs and our college was commended for our faculty development activities, facilities,
alumni relations, development efforts, learning outcomes assessment and faculty academic
qualifications policy.
Along with the completion of our $50 million capital campaign, which resulted in the naming of
our college and new business school building, we were able to establish our first endowed
professorship with a $100,000 gift from the accounting firm of White, Nelson & Co. LLP, and
Vivek Mande, Professor of Accounting, was selected for this position in recognition of his
outstanding record as a faculty member. Our college also made University history by appointing
the first endowed chair, Thomas V. Schwarz, as the Rick Muth Family Chair in Family Business.
Strong leadership and program support were needed to strengthen our current MBA program
and Van Muse was hired to lead this effort as our MBA Director. The Business Honors program
was also crafted into a four-year program and Mark Stohs, outgoing Associate Dean for
Academic Programs and Faculty Development, will shape this program starting with the inaugural
freshman class of fall 2009.
Launched in fall 2008, the college’s Sales Leadership Center has already caught the eye of
hundreds of students interested in igniting their sales careers. One of only a handful of sales
centers nationwide, the center provides a comprehensive certification program, a career
preparation series, scholarships and a sales training lab.
2009-2010
Our dedication to continuous improvement has been a pivotal reason for our success. A calculated,
long-term plan for constant improvement in the quality of education we provide our students is our
number one goal. Reaching this goal demands that we continue to develop ways to motivate and
reward our faculty for outstanding academic achievements and scholarship and to sustain their
professional qualifications as well.
Mihaylo College of Business and Economics Annual Report - 2009
Executive Summary
3
2008-09 Mihaylo College of Business and Economics Annual Report
Executive Summary
Additional effort and focus will be placed on creating avenues of support for our faculty to
maintain or achieve academic and / or professional qualifications. Research grants, funds for
research assistants, support for databases (such as WRDS)…these are just a few of the ways the
college is prepared to ensure the quality of our faculty in terms of recruitment and retention.
Additional efforts will be made to support emerging centers established to help bridge theory
and practice. As was stated earlier, 2008 marked the first year of our Professional Sales Center.
The newly established Center for Leadership was approved by the University in late spring 2009,
so we are ready to create experiences to provide leadership training opportunities for our
students and as well as community.
Providing the level of support and service students need in the areas of student advising and
career placement have always been a challenge for us. This coming academic year, budgets
permitting, we plan to tackle these challenges head-on by hiring two student service professionals
for undergraduate programs and one for graduate programs. Through student perception
surveys we have learned that our curriculum, technology services, tutoring services and overall
program are well-received by the student body. With dedicated effort placed in advising and
student placement services, we can better meet the needs of students to improve their time-tograduation and career prospects. Improvements in both of these areas will have long-term
positive outcomes for the college and university in terms of educational efficiencies. Additionally,
students well-placed in careers are often more strongly committed to their alma mater so these
efforts will positively affect alumni relations and development strategies as well.
Lastly our commitment to faculty-driven, continuous improvement processes to monitor student
learning outcomes is on-going. As stated at the beginning of this report, our assessment efforts
were noted as a best practice by our AACSB review team and this is a recognition we are very
proud of because it is a collaborative effort involving both faculty and staff. Following a twoyear cycle, we measure student learning outcomes associated with every programmatic learning
objective and make changes in curriculum based on the input received from these studies.
Summary
Successfully completing our $50 million capital campaign, opening Steven G. Mihaylo Hall and
earning AACSB’s five-year maintenance of accreditation for our business programs are the
results of our commitment to an intensive, thorough and collaborative vision and strategic-plan
structure that focuses on our guiding principles of program quality, balancing theory and practice,
and expanding outreach and visibility. Even in these uncertain economic times, we look forward to
working toward our vision to become the choice of Southern California’s businesses and
governments for college graduates, business solutions and professional development while striving
for national recognition in the field of business education.
Mihaylo College of Business and Economics Annual Report - 2009
Executive Summary
4
2008-09 Mihaylo College of Business and Economics Annual Report
Section A: College and Departmental Goals & Priorities for 2009–10
College Goals for 2009-10
Goals
1. Review research assigned time
policy and enhance faculty support
for teaching and research
2. Increase staffing for both
undergraduate and graduate
advising to enhance student
advising and placement services
3. Continue with all programmatic
assurance of learning efforts at
both the undergraduate and
graduate levels
4. Enhance branding of the college
ensuring a consistent message
across multiple channels
5. Enhance use of information
technology in classroom instruction
and college marketing, including
social networks
6. Promote leadership initiatives
CSUF
M&G
College
Action Plan
III
PQ
V
PQ
I.C
PQ
VII
Outreach
VII
PQ, Outreach
II.A
PQ, BTP
Outcome Measures
Strict adherence to policies;
improved ratios of academically
and professionally qualified
faculty; increased number of
publications and scholarly
activities
Successful recruitments;
improved scores on service
satisfaction surveys; improved
time-to-graduation ratios;
improved placements in terms of
both numbers of students placed
and quality of placements
Benchmark progress; make
changes in curriculum where
indicated
Develop and implement
communication and marketing
efforts to communicate consistent
branding message
Increase use of technology and
types of software in the
classroom; established social
networks and electronic
marketing
Establish experiential and
classroom leadership
opportunities for students
PQ = Program Quality
BTP = Balancing Theory and Practice
Outreach = Expanding Outreach (Development) and Visibility
CSUF M&G = numbering in University’s Mission and Goals Statement at:
http://www.fullerton.edu/aboutcsuf/mission.asp
Mihaylo College of Business and Economics Annual Report - 2009
Section A: College Goals
5
2008-09 Mihaylo College of Business and Economics Annual Report
Section A: College and Departmental Goals & Priorities for 2009–10
Departmental Goals for 2009–10
CSUF
M&G
College
Action Plan
I
PQ, BTP
Submit proposal
II
PQ, BTP
Number of sections offered
II
PQ, BTP
Submit proposal
III
PQ
Number of faculty/students
using WRDS
VI
Outreach
Benchmark progress toward
goals
VII
Outreach
Complete program plan
VIII.F
Outreach
Complete updates
8. Review the Constitution
VIII.B
PQ
Complete review
9. Better tracking of alumni
VI.B
Outreach
10. Encourage and support tenured
faculty to become AQ
11. Develop departmental personnel
standards
12. Explore on-line teaching
III.C
PQ
Meet an acceptable ratio of
AQ/PQ faculty
III.C
PQ
Approve standards
I.G
PQ
Enlist interested faculty; gather
data; obtain needed training
13. Review list of journal publications
III.B
PQ
Complete review
14. Secure internship opportunities for
all students who want them
II.G
BTP
Achieve 100 percent placement
rate
Accounting Department
1. Complete BS in Accounting
Proposal
2. Increase the number of special
sections of business communications
for accounting students
3. Add new courses to enhance
relevancy and currency
4. Increase the number of faculty and
accounting students utilizing the
WRDS databases
5. Continue to seek outside funding
for program development
6. Develop an outreach program for
community colleges and high
schools (Student Affairs Committee)
7. Keep website up to date
Mihaylo College of Business and Economics Annual Report - 2009
Section A: Departmental Goals
Outcome Measures
Conduct tracking reports
6
2008-09 Mihaylo College of Business and Economics Annual Report
Section A: College and Departmental Goals & Priorities for 2009–10
CSUF
M&G
College
Action Plan
I.C,
VIII.D
PQ
II.B
I.C
PQ, BTP
PQ
CSUF
M&G
College
Action Plan
IV.D
PQ, BTP
CSUF
M&G
College
Action Plan
1. Evaluate all global awareness
courses for currency; may consider
deleting Econ 330 and Econ 331
2. Review department-based grading
standards, attendance policies and
classroom behavior standards
3. Pilot use of pre-screening exams in
certain courses to help students selfevaluate their readiness for course
work
4. Map courses: Connect how lower
division classes (prerequisites) can
best support upper division courses
VIII.A
PQ
I.C
PQ
I.C
PQ
Pilot exams; make decision
about use in future semesters
VIII.A
PQ
5. Review and update department
standards for GE writing-required
courses
VIII.A
PQ
Complete mapping exercise;
complete review of
department-based
prerequisites
Complete review and make
updates as needed
Business Communication
1. Train adjunct faculty how to assess
student work measure learning
outcomes based on set standards
2. Expand use of service learning
3. Continue developing curriculum on
Oral Communications; conduct
college-based assessment
International Business Program
1. Ensure new curriculum for program
is approved and included course
catalog
Economics Department
Mihaylo College of Business and Economics Annual Report - 2009
Section A: Departmental Goals
Outcome Measures
Complete diagnostic test using
rubric and common exams
Increase to 5 sections
Complete assessment using
SPEAKS rubric
Outcome Measures
Implement revised IB degree
Outcome Measures
Complete evaluation; make a
decision about Econ 330 and
331
Complete review
7
2008-09 Mihaylo College of Business and Economics Annual Report
Section A: College and Departmental Goals & Priorities for 2009–10
CSUF
M&G
College
Action Plan
1. Implement a concentration in
insurance and risk at both MBA and
undergrad levels, undergrad courses
are in place; add FIN 560 & 562
II.A
PQ
Obtain University approval
spring 2010
2. Add a valuation course at the 400
level
II.A
PQ
Obtain University approval
spring 2010
VIII.B
II.A,
IV.A,
C
III.E
PQ
PQ
Complete necessary revisions
Develop the concentration;
present the proposal to the
appropriate Senate committees
BTP
6. Continue seminar series
III.B
Outreach
7. Introduce e–books into selected
classes
V.D
BTP
List faculty and staff usage by
May 2010
Continue with series; gauge
quality & # of outside
speakers
List usage by May 2010
8. Encourage more faculty to serve at
University level
VII.C
Outreach
Finance Department
3. Revise personnel documents
4. Develop a joint Finance and IS
concentration
5. Ensure usage of WRDS in key courses
Mihaylo College of Business and Economics Annual Report - 2009
Section A: Departmental Goals
Outcome Measures
List faculty who serve
8
2008-09 Mihaylo College of Business and Economics Annual Report
Section A: College and Departmental Goals & Priorities for 2009–10
ISDS Department
CSUF
M&G
1. Update the ISDS department
website to include more
information as well as overview of
courses given by faculty
I.E,
G,
II.A,
V.A,
VIII.F
2. Develop promotional materials for II.A,
Joint IS and Accounting
IV.A,
concentration
C
3. Develop promotional materials for II.A,
Joint IS and Marketing
IV.A,
concentration
C
4. Develop a joint IS and Finance
II.A,
concentration
IV.A,
C
5. Develop a certificate program in
II.E,
SAS
VI.C,
VII.B
6. Continue ISDS Research Seminar
III.A
Series
VIII.G
7. Develop alumni events
VI.B
8. Investigate on-line Decision
I.G,
Sciences track in MS in IS degree
II.A,
program
III.E
9. Establish social networking sites
V.A
for the Department and our
programs
Mihaylo College of Business and Economics Annual Report - 2009
Section A: Departmental Goals
College
Action Plan
Outcome Measures
Outreach
Complete updates
Outreach
Create and distribute promotional
materials
Outreach
Create and distribute promotional
materials
PQ
Develop the concentration; present
the proposal to the appropriate
Senate committees
PQ, BTP
PQ
Outreach
PQ
Outreach,
BTW
Create SAS program
Continue with research seminar
series; bring in guest speakers
Hold alumni events
Decide on feasibility of graduate
level on-line Decision Sciences
track
Create sites
9
2008-09 Mihaylo College of Business and Economics Annual Report
Section A: College and Departmental Goals & Priorities for 2009–10
Management Department
1. Recruit Leadership,
Entrepreneurship and
Entertainment/Tourism TT
faculty
2. Investigate graduate emphasis
in Managerial Leadership
3. Finalize emphasis in Supply
Chain Management
4. Develop course in Hospitality
Mgmt
5. Develop advisory boards for
Operations Management and
Human Resources emphases
6. Determine feasibility of
International Management
concentration
7. Review department personnel
documents for compliance with
UPS 210.00
8. Develop new instrument for
SRIs
9. Review department policies
for consistency with the
Constitution and make
available to faculty
10. Finalize Leadership minor with
College of Communications
11. Develop new, modernized
website for Entrepreneurship
Center
CSUF
M&G
College
Action Plan
I.E
PQ
Conduct recruitments
II.A
PQ
II.A
PQ
VII.A.
PQ
Complete investigation; make a
decision whether or not to develop
curriculum based on this information
Complete proposal; present it to
appropriate Senate committees
Curriculum developed
VI.A,
VII.A
Outreach
II.A
PQ
Complete feasibility study
VIII.B
PQ
Complete review
VIII.B
PQ
Produce final instrument
VIII.B
PQ
Complete review; provide faculty with
the policies
VII.A
PQ, BTP
VIII.F
Outreach
Mihaylo College of Business and Economics Annual Report - 2009
Section A: Departmental Goals
Outcome Measures
Create advisory boards
Complete paperwork; present
proposal to the appropriate
committees to get approval process
underway
Launch the new site
10
2008-09 Mihaylo College of Business and Economics Annual Report
Section A: College and Departmental Goals & Priorities for 2009–10
CSUF
M&G
College
Action Plan
1. Continue support of Sales
Leadership Center
II.A
PQ, BTP
2. Integrate experiential
learning into the classroom
3. Create joint programs with
ISDS (example: joint
graduate courses)
4. Expand Service Learning
course
VIII.A
PQ, BTP
IV.C,
II.A
PQ
II.B
PQ, BTP
CSUF
M&G
College
Action Plan
IV.A.
BTP
Hold the event; tentatively scheduled
for August 17, 2009
II
BTP
IV
Outreach
Present proposals to the appropriate
Senate committees
Establish key relationships
V
PQ
Establish criteria
V.A
PQ
Identify new ways of recruiting
qualified students
V
Outreach
Create and maintain website;
establish a presence on social
networks
Marketing Department
Business Honors Program
1. Plan and execute first alldate Business Honors
Orientation focusing on
leadership, teamwork and
competition
2. Develop 3 one-credit Intro to
University courses
3. Develop and maintain
working relationships with:
a. University Outreach
b. University Honors
c. Freshman Programs
d. President Scholars
e. Department Chairs
4. Create criteria for 2nd
and/or 3rd year entry into
Business Honors Program
5. Explore, develop and
experiment with new
recruitment methods
6. Develop and maintain
Honors website and explore
social websites
Mihaylo College of Business and Economics Annual Report - 2009
Section A: Departmental Goals
Outcome Measures
Offer certificate programs, support at
least 3 competitions; provide
scholarships-at least 4
Solicit business projects and speakers to
enhance courses
Create and implement proposals
Expand number of classes using social
enterprise projects
Outcome Measures
11
2008-09 Mihaylo College of Business and Economics Annual Report
Section A: College and Departmental Goals & Priorities for 2009–10
7. Develop procedures for
selecting and maintaining
faculty for the Business Honors
courses; including
expectations for program
participation
II
PQ
Establish procedures
GRADUATE PROGRAMS: GOALS FOR 2009-2010
CSUF
M&G
College
Action Plan
1. Develop experiential
instructional program which
impacts “soft skills” of MBA
students
2. Develop multi-year
marketing and recruitment
plan
IV.A,
IV.C
PQ, BTP
Develop plan
VI.D
Outreach
Create marketing and recruitment plan
3. Continue revision of
orientation program to
incorporate more “boot
camp” experiences
4. Develop and implement
strategic enrollment
management (SEM) system
5. Develop an additional
format for MBA programs
focused upon the
experienced business
owners and operators
market
6. Create student
communication and
programming calendar
V.A
PQ, BTP
Complete revisions for orientation
program
V.A
PQ
II.B,
II.G
PQ, BTP
VIII.F
PQ,
Outreach
MBA
Mihaylo College of Business and Economics Annual Report - 2009
Section A: Departmental Goals
Outcome Measures
Develop and implement SEM system
Develop format focus
Complete communication and program
calendar
12
2008-09 Mihaylo College of Business and Economics Annual Report
Section A: College and Departmental Goals & Priorities for 2009–10
Accounting Graduate
Programs
2009-10 Goals
CSUF
M&G
College
Action Plan
Outcome Measures
1. Propose a 9-unit external
reporting course and a 9unit internal reporting
course to meet the needs of
MS Accountancy students
without a background in
accounting
II.A,
IV.A.C
PQ
Present proposal to appropriate Senate
committees
2. Increase enrollment in the
MS Tax programs
II.A,
V.A
PQ,
Outreach
Increase enrollment by a set target
3. Provide on-going
orientation for graduate
students of both programs
V.A.
PQ,
Outreach
Create and provide on-going
orientations
CSUF
M&G
College
Action Plan
Outcome Measures
I.G,
II.A,
III.E
PQ
Complete investigation, make a decision
on the viability of the program
ISDS Graduate Programs
2009-10 Goals
1. Investigate on-line Decision
Sciences track in MS in IS
degree program
Mihaylo College of Business and Economics Annual Report - 2009
Section A: Departmental Goals
13
2008-09 Mihaylo College of Business and Economics Annual Report
Section A: College and Departmental Goals & Priorities for 2009–10
MA, Economics
2009-10 Goals
CSUF
M&G
College
Action Plan
1. Develop a MA, Economics
Education degree
2. Formally integrate SAS into
the program in
collaboration with ISDS
faculty
3. Coordinate with
undergraduate advising to
assist with internship
activities and job fairs
VIII.A
PQ
Submit proposal
I.G,
II.A,
III.E
PQ
Complete integration
II.B,
II.G
BTP
Complete coordination of activities
4. Network with the Economics
associations of neighboring
colleges and universities to
promote MA, Economics
5. Investigate opportunity to
partner with the Foreign
Trade University of Vietnam
VII
Outreach
Establish linkages
VII
Outreach
Decide if a study abroad partnership is
possible
Mihaylo College of Business and Economics Annual Report - 2009
Section A: Departmental Goals
Outcome Measures
14
2008-09 Mihaylo College of Business and Economics Annual Report
Section B1: Progress Report on 2008-09 College Goals
College Progress Report
Program Quality
Goal: Successful AACSB Reaccreditation
Outcome Measure: Earn five-year
reaccreditation for both the College and the
Accounting Program
Mihaylo College has been an AACSB-accredited college since 1965, and our Accounting Program
earned this status in 1997. AACSB International accreditation assures stakeholders of excellence
in business education. Through the development of a strategic plan linked to our vision and
mission, we commit our resources to support an academically and professionally qualified faculty,
along with continuous improvement efforts to ensure high-quality, current business programs.
Update: AACSB awarded Mihaylo College with five-year maintenance of accreditation for our
undergraduate and graduate degree business programs, and decided on a six-year review for
Accounting. The review team commended our college for our faculty development activities,
facilities, alumni relations, development efforts, learning outcomes assessment and AQ policy.
Goal: Faculty Support for Research and
Professional Development
Outcome Measures: Complete plan for
support; increase funding by 20 percent
Endowments are available to support faculty recruitment of most business disciplines. Research
grants, salary supplements and release time awards are in-place to ensure faculty have the
support needed to excel in their areas of expertise. Professional development opportunities and
workshops focused on best-practices in teaching and programmatic assessment are also
supported.
Update: All of these efforts continued in the 2008-09 academic year. Faculty recruitment efforts
were very successful, in-spite of these challenging economic times, with 13 new hires scheduled for
fall 2009. Research grants, salary supplements and release time awards were granted in support
of faculty activities. Faculty members across all disciplines were able to attend conferences and
each department held successful professional development workshops focusing on best-practices
and assessment.
Goal: Enhanced MBA Program Offerings
Outcome Measure: Complete proposal by
spring 2009
Strong leadership and program support will drive the actions needed to strengthen our current
MBA offerings as well as launch a full-time program. The ability to identify the hallmark traits of
skills, confidence and connections in all Mihaylo College MBA graduates is the long-term goal of
the program.
Update: A full-time MBA director was hired in fall 2009, and work began immediately on a
strategic plan for implementation in fall 2009.
Goal: Updated Vision and Mission Statements
Outcome Measure: Complete by spring 2009
“Forward-thinking and future-focused” is how Mihaylo College is described by a prominent alum
of our school. Engaged faculty, cutting-edge research, innovative curriculum and state-of-the-art
facilities are the ingredients necessary to build a nationally recognized program. As we move into
this new frontier, our vision and mission statements, along with our goals and objectives, will
Mihaylo College of Business and Economics Annual Report - 2009
Section B1: Progress Report on 2008-09 College Goals
15
2008-09 Mihaylo College of Business and Economics Annual Report
Section B1: Progress Report on 2008-09 College Goals
reflect these efforts.
Update: After detailed research was conducted, it was determined that our current vision and
mission statements accurately reflect the goals and objectives of our college. Support is in-place
to assist faculty with research and curriculum development. Classrooms, research space and
technology support are focal points of our college’s commitment to excellence in teaching and
research. Even with nine cutting-edge technology-advanced computer classroom labs, one
learning lab, an open study lab and 21 classrooms, we continue to improve our offerings with
additional software and equipment project initiatives on schedule for implementation in the fall
2009 semester. We are on-track to support distance learning as well.
Balancing Theory and Practice
Goal: Re-crafted Honors Program
Outcome Measures: Name program
coordinator in fall 2008; initiate program
development in fall 2008
The Business Honors program will be structured to challenge the College’s most dedicated and
talented students. Seminar-style classes reinforced with mentoring experiential learning and
career development opportunities will connect these exceptional students to the local business
community.
Update: Developed Business Honors brochure, designed the curriculum, recruited 37 incoming
students for fall 2009, and appointed a program director.
Expanding Outreach and Visibility
Goal: Focused Career Advising and Placement
Services
Outcome Measures: Develop plan and take
first steps fall 2008
Mihaylo College is committed to developing our next generation of business leaders; as part of
this commitment the College will work to connect all our students and alumni with regional,
national and global opportunities.
Update: For 2008-09 the MBA program included an online career assessment tool as part of the
orientation program. Through BICC leadership, Business Week and other events invite speakers
focused on job placement. The Marketing Honors Network continues with its semi-annual career
fair with over 30 employers on hand to hire interns and entry-level Marketing professionals.
Faculty, in general, invite business owners and leaders to classes to help connect students with
potential employers, one example is the Center for Insurance Studies.
Mihaylo College of Business and Economics Annual Report - 2009
Section B1: Progress Report on 2008-09 College Goals
16
2008-09 Mihaylo College of Business and Economics Annual Report
Section B1: Departmental Progress Report on Goals for 2008-09
Departmental Goals and Achievements 2008–09
Accounting Department
Goals for 2008-09
1. Prepare for accreditation (M&G VIII, A)
2. Develop the BS in Accounting (M&G I)
3. Increase the number of special sections of business
communications for accounting students (M&G V)
4. Establish a series of prerequisite courses (to grad
level) to be offered in the summer to facilitate the
graduation of non-accounting undergraduate majors
admitted to the MS ACCT (M&G VIII)
5. Continue to explore the possibility of offering 8-week
classes @ the end of Spring semester to
accommodate internships in the first two weeks (M&G
I)
6. Develop a joint emphasis in Accounting and
Information Systems. (M&G I. V)
7. Establish Department policy for hiring only AQ
faculty for TT positions and PQ faculty for PT. (M&G
V)
8. Continue to work with Dean’s office to increase base
salaries to meet market salaries for similar institutions.
(M&G I, E; I, F)
9. Increase the number of faculty trained in use of
WRDS databases. (M&G I)
10. Hold seminar on publishing in pedagogical journals to
increase faculty publication output and increase # of
AQ faculty. (M&G I, V)
11. Have Student Affairs Committee focus on outreach
activities to attract more well-qualified students.
(M&G I)
12. Increase MS Taxation enrollments in the Irvine
Program. (M&G I)
13. Keep website up to date. (M&G V)
Achievements
6th Year Review-need to increase
AQ faculty
In Progress – carry over to 20092010
Remains a goal for 2009-2010
Remains a goal for 2009-02010.
Proposal will be changed to two
nine-unit courses
Remains a goal for 2008-2009
with increased interest from all
stakeholders
Finished – approved by university
Policy adopted by Department in
Fall 2009.
Goal accomplished!
We hired three top candidates
Goal will be on-going until we
exceed 60% AQ faculty.
Number increased—on-going goal
Goal Completed. Seminar was
held.
No Data. On-going goal.
We did not reach the increase of
ten students. Program should be
discontinued.
On-going goal.
14. Continue to seek outside funding for the establishment Donations have increased, including
of a School of Accounting and additional faculty
a Professorship. On-going goal.
fellowships, student scholarships and endowed chairs.
(M&G VIII, F)
Mihaylo College of Business and Economics Annual Report - 2009
Section B1: Departmental Progress Report on Goals
17
2008-09 Mihaylo College of Business and Economics Annual Report
Section B1: Departmental Progress Report on Goals for 2008-09
Business Communication Program Goals for
2008-09
1. Instruct the faculty members on the concept and
implementation of “strategy” in writing business
writing documents. (M&G I, A, C, II, A, V, C)
2. Implement oral communication exercises throughout
BA 301 and develop the rubric. (M&G I, A. C, II, A,
V, C)
3. Expand the use of service learning projects. (M&G
IV, A, VII, C)
International Business Program
Goals for 2008-09
1. International Business Center established—Dr. Katrin
Harich Director (M&G VII, C)
2. Outcome measures ongoing with 4 BAE courses and
foreign languages (M&G I, C)
3. Develop and implement “study abroad” options for
the degree (M&G II, D)
Achievements
Entry and exit diagnostic tests;
rubric to evaluate student
understanding
Ongoing
Evaluate performance using the
rubric
Ongoing
Increase to at least 5 sections
Ongoing
Achievements
Completion of successful year of
operations and Annual Report. Goal
will be met.
Assessment report for program by
Spr 2009. Goal completed with
changes to curriculum approved by
Senate.
4. Consider more robust internship program for degree
students (M&G II, G)
Options stated and operational by
Summer 09
Three: BEST, Heidelberg China
Proposal for internships by Spring
2009
This effort was part of the degree
review. Changes were approved by
the Senate.
Economics Department
2008-2009 Goals
Achievements
1. Enhance alumni events (M&G VII, D)
2. ETS Assessment of students (M&G I, C)
3. Implementation of a SAS course (M&G II, A)
4. Develop an Honors Program for Economics majors
(M&G II, A)
Mihaylo College of Business and Economics Annual Report - 2009
Section B1: Departmental Progress Report on Goals
Worked together with alumni
association and created an email
address. Had several contacts and
work in progress.
Goals met. Plan to use it in our
capstone class.
Goals met with assistance of ISDS.
Work in progress. UCC’s
recommendations were passed
through the department and will be
forwarded to the MCBE for
approval.
18
2008-09 Mihaylo College of Business and Economics Annual Report
Section B1: Departmental Progress Report on Goals for 2008-09
5. `Close the loop’ on assessment of small v. large
classroom teaching v. on-line learning effectiveness in
Econ core courses (M&G I, C)
6. Integration of internships and service learning in the
major (M&G II, G)
7. Expand use of computer technology in teaching
(M&G III, E)
8. Examine alignment of course offering with market
needs and changes in discipline (M&G II,A)
9. Increase alumni funding to support faculty and
programs (M&G VI, B)
10. Support 2 Centers housed in Department (M&G VII,
C)
11. Core competency plan for capstone, ECON 490
(M&G I, C)
Finance Department
Goals for 2008-09
1. Implement a concentration in insurance and risk at
both MBA and undergrad levels; undergrad courses
in place; add FIN 560 & 562 (M&G II, A)
2. Add a valuation course at the 400 level. (M&G II, A)
3. Continue Seminar Series (M&G III, B)
4. Ensure usage of WRDS in key courses (M&G III, E)
5. Introduce the Aplia or other grading/learning
software into finance courses and use if possible in
assessing student learning. (M&G I, C)
6. Introduce e–books into selected classes (M&G V, D)
Mihaylo College of Business and Economics Annual Report - 2009
Section B1: Departmental Progress Report on Goals
Goals met. Experiment showed no
significant difference between large
and small classes. Note, large class
had 80 students. Provided
additional funding 250 seat classes
should be studied.
Work in progress.
Work in progress.
Work in progress.
Slow Progress.
Continue to do so and work in
progress.
Goal met. Plan to use ETS
assessment in this class.
Achievements
This is still in progress. We do not
know yet what the status of
undergrad insurance concentration
is yet but it should be near
approval. The Univ. Curric. Com.
did not get to the grad program
yet because its agenda was so full.
It looks like it will have to be
approved next year
Still in progress. Betty & I have
agreed to a joint Fin/Acct. course.
We are working on it.
We had three speakers from UCI,
USC and UCLA this year. This is
working out well
This is working so far although I do
not have a count of how many
classes are using WRDS.
This will not fly. Aplia is too
expensive for us and the students.
Book rentals seem to be more
popular than E-Books but we are
making progress here. Either way,
we are helping students reduce the
cost of their textbooks so we are
19
2008-09 Mihaylo College of Business and Economics Annual Report
Section B1: Departmental Progress Report on Goals for 2008-09
7. More faculty serve at University level (M&G VII, C)
ISDS Department
2008-09 Goals
succeeding in this area.
I am getting this data but we have
quite a few who are serving on
University Committees.
Achievements
1. Propose a Center of Excellence: “Center for Business No progress due to state budget
Intelligence” (M&G VII, C)
crisis.
2. Continue Research Seminar Series (M&G III, A)
The department continued with the
seminar series; attendance was
excellent.
3. Increase enrollments in MS IS and MSIT programs
This goal was not met. Reasons may
(M&G V, A)
include difficulties with CMS in
processing applications in a timely
fashion and, for the MS in IT
program, the change in program
coordinators.
4. Follow–through on MBA concentration in Business
Progress was made on these goals.
Intelligence and on joint IS and Acct undergrad
The MBA Business Intelligence and
emphasis (M&G II, A)
joint IS/Accounting programs were
approved by the Senate. They are
now going through the university
review process.
5. Create a ‘C’ journal list for the Department (M&G III, This goal was met.
B)
6. Review IS undergrad and grad curriculum (M&G I,
The reviews were conducted and
C)
three courses will be added to the
curriculum.
7. Propose a joint IS and Marketing undergraduate
This proposal was approved by the
concentration (M&G II, A)
Senate.
Mihaylo College of Business and Economics Annual Report - 2009
Section B1: Departmental Progress Report on Goals
20
2008-09 Mihaylo College of Business and Economics Annual Report
Section B1: Departmental Progress Report on Goals for 2008-09
Management Department
Goals for 2008-09
1. Recruit 4 new faculty (M&G I, E)
2. Work with Marketing to develop emphasis in Supply
Chain Mgmt (M&G II, A)
3. Develop industry advisory board for E&T and
Operations Management (M&G VII, C)
4. Develop graduate emphasis in Managerial
Leadership (M&G II, A)
5. Review HR curriculum (M&G I, C)
6. Explore Int’l Mgmt Concentration @ undergrad or
MBA (M&G II, A)
7. Review MGMT 440 (M&G I, C)
8. Update OM concentration requirements (M&G I, C)
9. Create Departmental Bylaws and Policy/Proc
Manual (M&G III, C)
10. Review DPC for compliance with UPS 210.00 (M&G
III, C)
11. Recruit Endowed Chair in Family Business
Marketing Department
Goals for 2008-09
1. Sales Center–strategic plan done but needs
implementation (M&G VII, C, VIII, D)
2. Joint program with ISDS–plan (M&G II, A)
3. Joint programs with Management Department –
Supply chain management (M&G II,A)
Mihaylo College of Business and Economics Annual Report - 2009
Section B1: Departmental Progress Report on Goals
Achievements
Done--Recruited 2 TT faculty
In-progress
E&T Board created; OM not started
Not started
Partially completed
Investigation underway at MCBE
level
Not started
Done
Done—Constitution created
Not started
Done
Achievements
Univ. approval of Center and
creation
This goal was met; the first
certificate class has celebrated its
graduation.
Proposal ready to submit to
University by Spring 2009. This
goal was met.
Proposal is under discussion.
21
2008-09 Mihaylo College of Business and Economics Annual Report
Section B1: Departmental Progress Report on Goals for 2008-09
GRADUATE PROGRAMS 2008-09 GOALS AND ACHIEVEMENTS
Accounting Graduate Programs
Achievements
1. Increase enrollments in MS ACCT & MS TAX (M&G
V, A)
For the MS TAX Irvine program, we
did not reach the increase of ten
students. Irvine program should be
discontinued.
Ongoing
2. Provide service orientation (M&G V, G)
MA, Economics
Achievements
1. In-depth review of MA Econ program and its future
direction (M&G I, C)
Program review report complete
2. Continue to increase number of GAs available via
use of lottery and other funds (M&G V, F)
Tracking of numbers
ISDS Graduate Program
1. Increase enrollments in IS and MSIT programs (M&G
V, A)
MBA
1. Hire MBA Director – Director will create Strategic
Plan (M&G I, E)
2. Increase service initiatives (M&G V, G)
Mihaylo College of Business and Economics Annual Report - 2009
Section B1: Departmental Progress Report on Goals
Achievements
Changes in leadership and a
conversion to CMS to process
applications held the department
back from meeting this goal.
Achievements
MBA Director was hired on Dec 2,
2009. Work began immediately on
a strategic plan with a target of
implementation for Fall 2009
Efforts were initially focused upon
encouraging students to use the
Graduate Student Lounge. The
funds were used to purchase food
(coffee and cookies) for a
significant portion of the Fall 2008
semester. Usage of the lounge did
increase, although not dramatically.
The goal was refocused upon
developing more student
organizations and competitions. The
22
2008-09 Mihaylo College of Business and Economics Annual Report
Section B1: Departmental Progress Report on Goals for 2008-09
3. Staff training for increased service (M&G V, G)
4. Hire receptionist for Graduate Programs (M&G I, E)
5. Improve and expand usage of Hobsons for recruiting
(M&G V, A)
6. Develop Insurance/Risk Management MBA
Concentration (M&G II, A)
Marketing Graduate Programs
1. Develop Joint Masters Program in Integrated
Marketing and Communication (IMC) (M&G II, A)
Mihaylo College of Business and Economics Annual Report - 2009
Section B1: Departmental Progress Report on Goals
MBA Cup was a success in early
Spring 2009 and a MBA student
club was started in Spring 2009.
Efforts have been focused upon
internal restructuring to better
support student recruitment,
evaluation, and advising. Additional
support in restructuring activities of
graduate assistants was conducted.
Goal was suspended due to budget
constraints.
The use of Hobson's EMT system was
renewed in MCBE and we took part
in a campus-wide effort to employ
the system in other colleges. The
system went live in late April 2009
and the instance for MCBE was
revised at the same time.
The concentration was approved
by the University Senate and the
institution and will be an active
concentration starting in Fall 2009.
Achievements
Proposal was approved by Senate
in spring 2009.
23
2008-09 Mihaylo College of Business and Economics Annual Report
Section B2: Assessment of Student Learning Outcomes
The Mihaylo College of Business and Economics awards nine degrees.
Section A: Learning Objectives by Degree
Degree
Learning Objective Information
B.A. Business Administration
Appendix A
B.A. International Business
Appendix B
B.A. Economics
Appendix C
M.B.A Business Administration Appendix D
M.A. Economics
Appendix E
M.S. Information Systems
Appendix F
M.S. Information Technology
Appendix G
 In the spring 2008 semester, the College conducted four programmatic assessment activities in
four core competency areas: BA level- people skills and multicultural awareness; MBA levelpeople skills and multicultural awareness.
 In the fall 2008 semester, the College conducted five programmatic assessment activities in
five core competency areas: BA level- problem solving and critical thinking skills, and ethical
awareness; MBA level- problem solving and critical thinking skills, ethical awareness and legal
environment knowledge.
Sections B & C: Methods & Follow-Up Actions
- BA IB:
o Because the International Business program shares many of the same learning
goals (objectives 1-7) and core courses as the Business Administration degree,
International Business students are included in the same assessment activities.
Learning goals 8-10 are concentration-oriented and are covered and assessed in
the language core courses in the College of Humanities and Social Sciences.
o The results of the fall 2007 ETS business major field test have been a catalyst for
revamping the program. The international business students performed significantly
worse than BA BA students. Once the results were shared it was determined that
curriculum differences may be the reason for the disparate scores, so a
international business-specific test was piloted in spring 2008 and administered in
fall 2008.
o The results for the fall 2008 multiple-choice exam were not satisfactory. In spring
2009 a task force was set up to thoroughly review the program and determined
that the international business curriculum needs more business content. Curriculum
changes have been approved by the College Senate and are awaiting approval
from the University committee(s).
-
Accounting:
o Due to separate AACSB accreditation, assessment information is kept at the
department-level. Please refer to the department chair for details.
Mihaylo College of Business and Economics Annual Report - 2009
Section B2: Assessment of Student Learning Outcomes
24
2008-09 Mihaylo College of Business and Economics Annual Report
Section B2: Assessment of Student Learning Outcomes
-
MS IS:
o All learning objectives were assessed from fall 2006 to fall 2007. Starting in fall
2008, the assessment cycle is a two-year cycle in order to assess fewer learning
objectives per semester. The number of methods will also be reduced in order to
more precisely measure the objectives.
-
MA, Economics: Learning objectives and an assessment plan are in place. The assessments
take place in the capstone course including writing, research and presentations. Student
theses/comprehensive exams are also used for assessment.
-
BA, Economics: The department has created a specific Assessment sub-committee with 3
members. They have refined the B.A. Learning Objectives and an Assessment Plan which
includes a Capstone Course. The Capstone Course was offered as a special course in
Spring 2009 and will be a required part of the major in the future. The ETS field exam in
Economics was offered in Spring 2008. From this, the committee formed several
recommendations which were reviewed and not accepted by the Department. Further
information about the courses completed by majors was prepared, and the department
will discuss the issue again in Fall 2009.
-
BA BA & MBA: Summary results are below.
Table 1: Spring 08
Class
Learning
Method
Objective
MGMT
340
BA BA:
People
skills
Follow-up Actions
Multiplechoice
questions
- Review learning objectives and provide feedback to the MCBE
- Discuss the effectiveness and appropriateness of the
methodology used to assess.
- Discuss the possible development of categories of topics part of
performing in teams and develop questions in these areas.
- Evaluate the team and leadership content taught in Mgmt 340.
- Discuss the effectiveness and appropriateness of the
methodology.
- Evaluate the multicultural awareness content taught in Mgmt
340.
- Discuss the development of a test bank for future assessments.
- Review learning objective with the College.
- Review assessment method.
- Review rubric for changes.
- Offer additional training on rubric scoring.
- Evaluate the content and teaching methods regarding
leadership.
- Introduce students to rubric earlier in the semester.
- Discuss timing and approach for case methods.
- Discuss how to improve critical thinking and writing skills.
- Investigate performance differences between Irvine & Fullerton
students.
- Review learning objective with the College.
- Review assessment methods and question wording.
MGMT
340
BA BA:
Multicultural
awareness
Multiplechoice
questions
MGMT
524
MBA:
People skills
Rubricscored
group
assignment
MGMT
524
MBA:
Multicultural
Short
answer and
Mihaylo College of Business and Economics Annual Report - 2009
Section B2: Assessment of Student Learning Outcomes
25
2008-09 Mihaylo College of Business and Economics Annual Report
Section B2: Assessment of Student Learning Outcomes
awareness
case-based
questions
Table 2: Fall 08
Class
Learning
Objective
Follow-up Actions
- Hold a meeting with 315 instructors to share the results and
discuss possible changes in class content.
- Contingent on funding and research approval: Create a survey
of students regarding their workload, family size, class load
and other relevant variables.
- Possibly create an anonymous survey of students attached to
midterms in which students comment on why certain questions
were answered incorrectly and/or an addition of a midterm
page for student work steps shown for partial credit.
- Run per question results for each faculty member.
- Continue editing the test bank questions.
- Consider adding a question requiring a calculation to measure
higher levels of critical thinking.
BA BA :
Problem
solving and
critical
thinking skills
Multiplechoice
questions
FIN 320
BA BA :
Problem
solving and
critical
thinking skills
Multiplechoice
questions
MGMT
246
BA BA :
Ethical
awareness
MBA:
Problem
solving and
critical
thinking skills
MBA: Legal
environment
knowledge
Multiplechoice
questions
Multiplechoice
questions
MBA: Ethical
awareness
Multiplechoice
and short
answer
questions
MGMT
518
MGMT
518
Introduce students to rubric earlier in the semester.
Discuss timing and approach for case methods.
Discuss how to improve critical thinking and writing skills.
Investigate performance differences between Irvine & Fullerton
students.
Method
ECON 315
ECON 515
-
Multiplechoice
questions
- Review question wording for low scoring questions.
- Increase time spent on unjust enrichment in class discussions.
- More class time on conceptual problems.
- More class time will be spent on low scoring problem solving
areas.
- More class time will be spent on low scoring critical thinking
areas.
- Refine problem questions (wording issues).
- On February 20, 2009, Richard Parry held a workshop for
faculty on criminal prosecution and the need for ethics
education.
- Continue the search for a supplemental book to the ethics
textbook. The students do not seem happy with the book and
the faculty needs a book that better conveys the need for
ethical awareness.
- Refine problem questions (wording issues).
- On February 20, 2009, Richard Parry held a workshop for
faculty on criminal prosecution and the need for ethics
education.
- Propose a new elective course: Business Ethics.
Mihaylo College of Business and Economics Annual Report - 2009
Section B2: Assessment of Student Learning Outcomes
26
2008-09 Mihaylo College of Business and Economics Annual Report
Section B2: Assessment of Student Learning Outcomes
Section D: Assessment Infrastructure
- The results of the assessment for each course are first shared with the department’s
coordinator and chair. The semester after the assessment, the assessment coordinator and
the course coordinator present the results to program committees and the core course
coordinators council, if applicable. The coordinator and chair are encouraged to share the
assessment results and begin a dialogue amongst the faculty in their department. Followup ideas and actions documented for continuous improvement. Additionally, we are
monitoring the results and improvements with a two-year cycle assessment plan.
Mihaylo College of Business and Economics Annual Report - 2009
Section B2: Assessment of Student Learning Outcomes
27
2008-09 Mihaylo College of Business and Economics Annual Report
Section B2: Assessment of Student Learning Outcomes
Appendix A
Mihaylo College of Business and Economics
California State University, Fullerton
BA, Business Administration Learning Objectives
Approved by the College Senate
February 27, 2006; amended January 29, 2007
The set of lower and upper division core courses taken by all business students has as its
objectives:
1) Problem solving and critical thinking skills - Each student will be effective in
using the following skills in a business situation
a) Quantitative / Analytical
b) Problem solving
c) Critical thinking.
2) People skills - Each student will work effectively with others in a business situation,
demonstrating knowledge and skills in
a) Working with and through others
b) Working alone and in teams
c) Identifying and defining leadership theories and models.
3) Ethical awareness - Each student will be aware of ethical issues and
responsibilities.
4) Functional knowledge - Each student will understand and appreciate
a) The principles and roles of each of the major business disciplines
b) The interrelationships of these disciplines within a strategic framework.
5) Multicultural awareness - Each student will appreciate diversity and understand
how workforce and market diversity challenge, benefit, and influence the activities
of the organization.
6) Information technology skills – Each student will use information technology to
support business analysis and operations.
7) Global awareness – Each student will understand the impact of the global
economy and business environment.
8) Economic and legal environment knowledge – Each student will gain knowledge
about the economic and legal environments in which business operates.
9) Communication skills – Each student will demonstrate knowledge and skills to
communicate effectively about business issues using
a) Written communication
b) Oral communication.
Mihaylo College of Business and Economics Annual Report - 2009
Section B2: Assessment of Student Learning Outcomes
28
2008-09 Mihaylo College of Business and Economics Annual Report
Section B2: Assessment of Student Learning Outcomes
Appendix B
BA, International Business
Learning Objectives
Approved by CBE Senate on February 27, 2006; amended on January 29, 2007, amended on
October 6, 2008
To provide the student with that body of knowledge common to all students in the field of
international business, whatever the concentration, the set of lower and upper division core
courses taken by all BA, International Business students has as its objectives:
1) Problem solving and critical thinking skills - Each student will use the following
skills in a business situation
a) Quantitative / analytical reasoning
b) Problem solving
c) Critical thinking
2) People skills - Each student will work effectively with others in a business situation,
demonstrating knowledge and/or skills in
a) Working with and through others
b) Working in teams
c) Leadership theories and models
3) Ethical awareness - Each student will interpret ethical issues and responsibilities
in a business organization
4) Functional knowledge - Each student will understand and apply
a) The principles and roles of international economics, finance and marketing.
b) The interrelationships of these disciplines within a strategic framework
5) Information technology skills – To support business analysis and operations, each
student will
a) Have a working knowledge of information technology
b) Demonstrate information technology skills
6) Economic and legal environment knowledge – Each student will understand the
economic and legal environments in which business operates
7) Communication skills – Each student will demonstrate the knowledge and skills
needed to effectively communicate about business issues in both the written and
oral form
To provide students specific knowledge related to the practice of business in the
international area:
8) Multicultural awareness - Each student will become familiar with
a) The cultural context of business practices
b) The major industries and services in the countries using their target
language
Mihaylo College of Business and Economics Annual Report - 2009
Section B2: Assessment of Student Learning Outcomes
29
2008-09 Mihaylo College of Business and Economics Annual Report
Section B2: Assessment of Student Learning Outcomes
Appendix B
9) Global awareness - Each student will interpret the impact of global issues on
business organizations. Including
a) The theory, practice and institutions of the international economy
b) Theories of international trade and the role of marketing decisions across
national boundaries and markets
c) Financing challenges of the multinational business
10) Foreign Language Competency - To provide students with the capability of
dealing directly with business persons in the country of their designated language,
students will develop:
a) Foreign Language Professional Vocabulary: Students will develop
comprehension and correct usage of professional vocabulary in both
written and oral communication
b) Foreign language Knowledge and Abilities: Students will develop
increasing sophistication in language structure usage to reach ACTFL
advanced levels in both written and oral communication.
Mihaylo College of Business and Economics Annual Report - 2009
Section B2: Assessment of Student Learning Outcomes
30
2008-09 Mihaylo College of Business and Economics Annual Report
Section B2: Assessment of Student Learning Outcomes
Appendix C
Mihaylo College of Business and Economics
Department of Economics
Assessment Plan for the B.A. Program in Economics
September 2008
I. Learning Goals for the B.A. in Economics Degree
The department has established 15 goals and linked objectives for the B.A. in Economics major
(see attached). The majority of these 15 goals are covered in the major’s 5 core courses (Econ
201, Econ 202, Econ 310, Econ 320, Econ 440), although future changes in the major core courses
may be required to cover all 15 goals.
II. Assessment Measures and Procedures
At this point the Business Administration students with the Business Economics concentration are
assessed through the college-wide measures of that B.A. They have and will participate in the
objective pre and post-testing using the Educational Testing Service questions, tests of oral and
written communication, course-embedded assessment and an upcoming technology assessment
exercise. B.A. in Business Administration students are participating in these assessment techniques,
and it may be possible in the future to sort out the results associated specifically with the Business
Economics concentration group.
The department’s main effort will focus on assessing the B.A. in Economics students. A variety of
measures will be used, including these options:
•
The Economics Major Field Test. The department would use a test of important micro,
macro, international and quantitative economic concepts needed to demonstrate a
competence in Economics content in the learning goals. (A component of the 15 goals may
be addressed in each assessment period.) Reliance upon questions provided through the
yearly Educational Testing Service (ETS) offers a convenient strategy which allows
comparison of the B.A. students across time and across institutions. Additional questions
about student ID, possible or declared major, demographics and courses completed will
be included for future analysis.
The exit test will serve first as a “post-test” to be administered during the last weeks of a
capstone class offered in the future. This class will be offered as an optional special 400level course, with the hope of incorporating it into the major requirements in upcoming years.
We anticipate this will allow testing of probably 20 or more graduating seniors in Economics,
depending upon publicity generated for the special course. In the first case, the enrollment in
the course will be strongly encouraged of graduating majors; in later years, completion of the
test will be a requirement for graduation, with points for participation and outcome to
increase the motivation for test takers. Results of the exit exam will be graded by ETS, with
CSUF faculty participation in the preparation of an assessment report for the CBE, WASC and
AACSB as needed.
In the future, comparison from incoming students with those obtained from the exit tests will
offer a measure of the value-added of the B.A. in Economics. The ETS test could also serve as
a “pre-test” to be administered to a sample of approximately 500 incoming students in an
earlier semester. There are two options. First, the department can administer the test on the
Mihaylo College of Business and Economics Annual Report - 2009
Section B2: Assessment of Student Learning Outcomes
31
2008-09 Mihaylo College of Business and Economics Annual Report
Section B2: Assessment of Student Learning Outcomes
Appendix C
first day of sections of the introductory economics classes (Economics 201 and Economics 202,
depending upon the eventual enforcement of prerequisites) offered each semester, as well as
sections of introductory classes at community colleges (i.e. Fullerton College) where transfer
students are likely to study economics first. The test of incoming students will include both
those entering the economics major and those which are not, so that additional questions about
student ID, possible major, demographics and courses completed will be again added to the
incoming students test. Thus we anticipate we will generate a sample of approximately 50
“potential” economics majors at the beginning of their career. A second option is to offer the
“pre-test” on the first day of Economics 340, which is required of all majors.
Analysis of the “pre-major” and “post-major” subgroups will begin in upcoming years. The
changes in scores between the 400-level graduating seniors and the beginning students in the
Economics 201/202 Fall classes will provide an initial measure of student performance from
the major in recent years. Repetition of the tests over time will allow tracking of the student
sample.
•
Course-Embedded Assessment. This method would involve the participation of each of the
Core Course instructors and/or Capstone course instructor in a given semester. A one-time
per semester course-embedded assessment of a learning goal (particularly goals 11-13)
would involve tabulation of student responses to chosen questions placed on the core
instructors’ final exams as well as results of writing and data analysis assignments. Later
tabulation by a Core Course instructor will allow comparisons across major and non-major
status and graduating senior performance across time.
•
Alumni Survey. The department will follow the procedure established by the broader
College of Business and Economics (CBE). The CBE survey is administered to alumni one,
three and five years after graduation. IT has measured alumni perceptions of the value
and relevance of specific courses and the degree as a whole for career challenges. We
anticipating adding additional questions to this survey to better measure specific outcomes
associated with the study period at CSUF.
Mihaylo College of Business and Economics Annual Report - 2009
Section B2: Assessment of Student Learning Outcomes
32
2008-09 Mihaylo College of Business and Economics Annual Report
Section B2: Assessment of Student Learning Outcomes
Appendix C
DEPARTMENT OF ECONOMICS, CSUF
Learning Goals and Objectives for the B.A. in Economics
(Revised 2005-2006)
1.
To understand the economic problem of allocating limited resources among
competing uses in a global economy.
Objectives:
• To explain and apply the basic economic concepts of choice, opportunity cost, production
possibilities, comparative advantage, and gains from trade.
• To explain and apply the concept of marginal analysis.
• To be competent in the numerical, algebraic, and graphical depiction of equilibrium price
and quantity, and be competent in the analysis of how changes in supply and demand
may change price and quantity in markets for goods, services, and resources.
• To explain and apply the concept of elasticity to make quantitative observations about
changes in equilibrium prices and quantities.
• To explain how price distortions affect market outcomes.
• To explain the principle of comparative advantage as the basis for trade.
2. To understand the behavior of consumers and producers in product markets and the
concept of the efficient allocation of resources.
Objectives:
• To be competent in the numerical, algebraic and graphical depiction of the consumer’s
preferences and budget constraint, and be competent in how changes in prices and
income affect the consumer’s consumption bundle.
• To be competent in the numerical and numerical, algebraic, and graphical depiction of
production, cost, revenues, and profits/losses.
• To be competent in the numerical, algebraic and graphical depiction of cost minimization
and profit maximization.
• To explain and apply the concepts of consumer surplus, producer surplus, and welfare.
• To demonstrate and explain that the equilibrium of supply and demand maximizes total
surplus.
• To understand the consequences of free trade and of trade distortions on social welfare
Mihaylo College of Business and Economics Annual Report - 2009
Section B2: Assessment of Student Learning Outcomes
33
2008-09 Mihaylo College of Business and Economics Annual Report
Section B2: Assessment of Student Learning Outcomes
Appendix C
3.
To understand the concept of market failure and the role of government in
addressing these inefficiencies.
Objectives:
•
•
•
•
•
•
•
•
To understand the consequences of imperfect competition and asymmetric information
To explain the rationale of antitrust policies and regulatory practices of the government
To distinguish between a positive and negative consumption and production externality.
To be competent in the numerical, algebraic and graphical depiction of why the optimal
quantity and price and the actual market quantity and price differ in the presence of an
externality.
To explain and demonstrate private solutions to the problem of externalities.
To explain and demonstrate various government policies aimed at solving the problem of
externalities.
To explain and apply the concepts of public goods and common resources.
To explain why private markets fail to provide the socially optimal amount of public
goods and common resources
4. To understand the role of government in the economy in the context of business activity,
income distribution, poverty and economic growth.
•
•
•
•
•
•
5.
To explain sources of government revenue and types of government outlays.
To identify the extent of economic inequality in our society.
To identify the type of taxes government uses to affect income distribution and capital
accumulation
To identify and explain the role of government in the creation and dissemination of
technological knowledge to enhance economic growth.
To identify and explain the role of government in investing in human capital to enhance
economic growth.
To identify and explain government policies aimed at reducing poverty
To understand how different market structures affect resource allocation.
•
•
•
To distinguish among the different market structures – competitive, monopolistic,
oligopolistic, and monopolistically competitive.
To be competent in the numerical, algebraic and graphical depiction of profitmaximization for firms in different market structures.
To be competent in the analysis of relative efficiency in competitive and imperfectly
competitive markets.
Mihaylo College of Business and Economics Annual Report - 2009
Section B2: Assessment of Student Learning Outcomes
34
2008-09 Mihaylo College of Business and Economics Annual Report
Section B2: Assessment of Student Learning Outcomes
Appendix C
6.
To understand theory used to analyze macroeconomic (aggregate) variables.
Objectives:
• To understand national income accounting and the circular flow of income in the economy
• To measure basic macroeconomic variables such as the gross domestic product and its
components, price indices, unemployment, inflation, money supply, budget balance,
interest rates and the exchange rate.
• To theoretically, numerically, algebraically and graphically analyze the determination of
the level of output, employment, and prices in a national and global economy.
• To understand the determinants of potential gross domestic product
• To understand sources of the business cycle
• To understand how international transactions affect countries’ balance of payments
accounts
• To understand different exchange rate regimes (fixed versus flexible), understand factors
that influence the exchange rate, and how the exchange rate affects the trade balance
7.
To understand how public policy affects macroeconomic variables.
Objectives:
• To understand the tools of monetary policy and how monetary policy affects
macroeconomic variables
• To understand the tools of fiscal policy and how fiscal policy and fiscal debt affect
macroeconomic variables
• To understand the role of the Federal Reserve system in maintaining liquidity and
promoting price stability in the context of economic growth.
• To evaluate the effect of the budget deficit on national savings, investment and current
account balance.
• To numerically, algebraically and graphically analyze the effects of monetary and fiscal
policies on the economy.
8.
To critically evaluate and compare alternative schools of thought and their
macroeconomic policy outcomes.
Objectives:
• To demonstrate competence in understanding the differences and similarities between
various macroeconomic theories: Classical, Monetarists and Keynesian, New Classical and
New Keynesian, Real Business Cycles and Monetary Business Cycles.
• To analyze how output and inflation are determined in these models
• To examine the nature of the trade-off between inflation and unemployment in these
models
• To evaluate the role of monetary and fiscal policy and their impact on macroeconomic
variables in the context of the above models
9.
To understand the factors which contribute to economic growth.
Objectives:
Mihaylo College of Business and Economics Annual Report - 2009
Section B2: Assessment of Student Learning Outcomes
35
2008-09 Mihaylo College of Business and Economics Annual Report
Section B2: Assessment of Student Learning Outcomes
Appendix C
•
•
•
•
10.
To perform analysis and be competent in understanding sources of economic growth
To demonstrate knowledge of the Solow-growth model: represent the model graphically
and perform steady-state analysis of the model.
To analyze policies and trends (such as population growth) which affect the savings rate,
productivity growth, and determinants of long-run living standards.
To understand the more recent endogenous growth theory.
To understand the interaction between goods, factors and financial markets.
Objectives:
• To theoretically, numerically, algebraically and graphically demonstrate knowledge of the
equilibrium in the labor market including factors that influence the demand and supply of
labor
• To theoretically, numerically, algebraically and graphically analyze how changes in
wealth, real interest rates, taxes, and capital stock influence savings and investment
decisions and show how equilibrium is reached in the goods market.
• To theoretically, numerically, algebraically and graphically analyze factors that influence
money demand and money supply; how equilibrium is reached in asset market and what is
the role of the central bank in this process.
• To analyze the relationship between inflation and money, expected inflation and nominal
interest rates.
• To demonstrate how to derive the IS curve from the goods market equilibrium and analyze
factors that shift the IS curve.
• To demonstrate how the LM curve is derived from the asset market equilibrium and
analyze factors that shift the LM curve.
• To analyze graphically, numerically, algebraically and theoretically how general
equilibrium is reached in the IS/LM model and be able to apply this model to evaluate
fiscal and monetary policies.
Mihaylo College of Business and Economics Annual Report - 2009
Section B2: Assessment of Student Learning Outcomes
36
2008-09 Mihaylo College of Business and Economics Annual Report
Section B2: Assessment of Student Learning Outcomes
Appendix C
11.
To understand how to access, use and interpret economic data.
Objectives:
• To be able to locate primary and secondary economic data from hard copy and
electronic sources - United States macro and regional data, world data, international
trade and finance data
• To be competent in transforming economic data – growth rates, index numbers, seasonal
adjustments, real and nominal values, weighted averages.
• To be competent in displaying economic data with visual clarity – frequency distributions,
bar charts pie charts.
• To be competent in reporting simple descriptive statistics of variables in datasets with a
view to represent salient features of the data
• To formulate a testable proposition based on the data
• To understand and evaluate economic events with data.
12.
To understand how to access existing economic literature and analyze economic
problems using theory and quantitative methods.
Objectives:
•
•
•
•
13.
To be competent in using hard copy and electronic sources to conduct literature searches in
economics.
To be competent in describing the research process in economics – statement of the
problem, theory, hypotheses, and evidence.
To be competent in stating hypotheses based on economic theory that can be tested using
economic data.
To understand the simple multivariate regression model, interpret coefficients from the
simple multivariate regression model, conduct hypothesis tests concerning the estimated
coefficients, and draw conclusions.
To understand how to apply theory to analyze and write about economic events and
issues coherently.
Objectives:
•
•
•
•
To use economic concepts to critically evaluate real world events
To be competent in organizing the structure of an economic research report.
To understand the various components of a research report and how those components
complement each other
To be competent in writing in a clear and concise manner.
Mihaylo College of Business and Economics Annual Report - 2009
Section B2: Assessment of Student Learning Outcomes
37
2008-09 Mihaylo College of Business and Economics Annual Report
Section B2: Assessment of Student Learning Outcomes
Appendix C
14.
To understand statistical methods for estimation and evaluation.
Objectives:
• To demonstrate ability to specify a model and conduct estimation of the model
• To understand the meaning of linear regression, interpret estimated coefficients, and
analyze results.
• To explain the meaning of various key features of regression analysis such as: “goodness
of fit”, R2, adjusted R2, F-statistic, t-statistic, standard errors, p-value, confidence intervals.
• To carry out various hypothesis tests such as: t-tests, F-test, LM-test.
• To understand violations of the classical linear regression model and explain the meaning
of multicollinearity, heteroskedasticity and serial correlation.
15.
To understand and apply various mathematical methods used in economic theory.
Objectives:
• To solve constrained and unconstrained optimization problems in consumer theory,
producer theory and general equilibrium.
•
•
•
To demonstrate knowledge of rules of differentiation and their application in
comparative statics.
To represent economic models with algebraic equations and graphs and obtain
solutions of these models
To demonstrate basic knowledge of game theory
Mihaylo College of Business and Economics Annual Report - 2009
Section B2: Assessment of Student Learning Outcomes
38
2008-09 Mihaylo College of Business and Economics Annual Report
Section B2: Assessment of Student Learning Outcomes
Appendix D
Mihaylo College of Business and Economics
Learning Objectives – MBA
Approved at CBE Senate Meeting
February 27, 2006
The educational objectives of the Masters of Business Administration (MBA) incorporate the
objectives of the University and College.
Specific objectives of the foregoing elements include:
1) Problem solving and critical thinking skills – Each student will be effective in
using the following skills in a business situation
a. quantitative and analytical
b. problem solving skills
c critical thinking.
2) Functional knowledge – Each student will understand and appreciate
a. the principles and role of each of the major disciplines
b. the interrelationships of these disciplines within a strategic business
framework.
3) People skills – Each student will be able to demonstrate effective interpersonal
skills in a business context, demonstrating knowledge and skills in
a.. working with and through others
b. working in teams
c. exhibiting leadership when appropriate, including unpredictable
environments.
4) Ethical awareness – Each student will be aware of ethical issues and
responsibilities.
5) Legal environment knowledge – Each student will understand the economic and
legal environments in which business operates.
6) Information technology skills – Each student will be able to use information
technology to support business analysis and operations.
7) Multicultural awareness – Each student will appreciate diversity and understand
how workforce and market diversity challenge, benefit and influence the activities
of the organization.
8) Local, regional and global awareness – Each student will understand the impact
of the global economy and business environment.
9) Communication skills – Each student will demonstrate the knowledge and skills to
communicate effectively about business issues in
a) The written form
b) The oral form.
Mihaylo College of Business and Economics Annual Report - 2009
Section B2: Assessment of Student Learning Outcomes
39
2008-09 Mihaylo College of Business and Economics Annual Report
Section B2: Assessment of Student Learning Outcomes
Appendix E
Assessment of the MA in Economics
(Approved by the Department of Economics August 29, 2008)
I.
Outcomes
•
•
•
•
•
Graduate students will understand how to identify and motivate interesting and
policy- relevant topics for study.
Graduate students will understand how to use economic theory to generate
testable hypotheses about economic relationships that have practical relevance to
the business community and/or public policy.
Graduate students will be able to summarize previous research findings from the
scholarly literature.
Graduate students will understand how to use state of the art econometric methods
to test hypotheses about economic relationships and to make business and/or
public-policy recommendations.
Graduate students will possess effective communication skills. They will understand
how write reports and give presentations to disseminate research findings to
business leaders, experts in the field, and to a broader audience.
II. Assessment of Expected Outcomes
A. Graduate students will obtain a grade of B or better in the graduate
capstone course (Economics 595).
One assessment of expected outcomes will take place in a capstone course
(Economics 595, Current Research in Economics). A grade of “B” or better in the
capstone course indicates that the student has satisfactorily met the MA program
objectives. The following are the specific tools that will be used to assess whether
students have achieved the expected outcomes of the MA program.
•
•
•
•
•
Graduate students will make three forty-minute presentations on scholarly articles
published over the last three years in Contemporary Economic Policy or a
comparable journal.
o Students will be expected to demonstrate command of the economic theory
and econometric methods used by the authors of the published article.
o Students will be expected to convey the business or policy relevance of the
published article.
Graduate students will prepare one-page critiques of one of the three class
presentations made each week.
Graduate students will use a statistical package to replicate econometric estimates
using a data set supplied by the instructor.
Graduate students replicate the empirical results from an article in Contemporary
Economic Policy or comparable journal, write up the results as a scholarly article,
and make a class presentation.
Graduate students will attend departmental research seminars and write a 3page summary of one of the presentations.
Mihaylo College of Business and Economics Annual Report - 2009
Section B2: Assessment of Student Learning Outcomes
40
2008-09 Mihaylo College of Business and Economics Annual Report
Section B2: Assessment of Student Learning Outcomes
Appendix E
B. A second assessment of expected outcomes will take place in the
comprehensive examinations and the thesis.
•
A graduate student will pass comprehensive examinations in microeconomic theory,
macroeconomic theory, and econometrics.
OR
•
A graduate student will complete and defend a thesis.
Mihaylo College of Business and Economics Annual Report - 2009
Section B2: Assessment of Student Learning Outcomes
41
2008-09 Mihaylo College of Business and Economics Annual Report
Section B2: Assessment of Student Learning Outcomes
Appendix F
MS Information Systems
Learning Objectives
Student learning objectives covers the aspects of telecommunications requirements
necessary to support an organization’s information technology needs, managerial aspects
of an information technology organization, system development process, data needs of an
organization, programming concept, collaboration, research, and communication skills.
Each learning goal is described below:
•
•
•
•
•
•
•
•
Telecommunications requirements necessary to support an organization’s
information technology needs –the ability to assess the telecommunications
needs of an organization; the ability to supervise the development of a local
or wide area data and communications network; the ability to use the Internet
in support of operations, the ability to select the appropriate
telecommunications hardware and software.
Managerial aspects of an information technology organization - get familiar
with the terminology and basic principles of business information systems, and
the Internet; understand Ethical issues; Global issues; Political, social, legal,
regulatory and environment issues; Technology issues; and Impact of
demographic diversity on organizations.
Systems development process – the ability to analyze the information systems
needs of an organization; the ability to design an information system to serve
the needs of an organization.
Data needs of an organization – the ability to design a database system to
serve the needs of an organization; the ability to select appropriate software
to operate a database system.
Programming concepts – the ability to write a computer program using the
fundamental concepts of programming; the ability to document a program; the
ability to select a particular computer language for a programming
application.
Collaboration – the ability to work productively in a team or collaborative
setting to achieve common goals.
Research – the ability to conduct, evaluate, and synthesize research and apply
theoretical ideas to practical settings.
Communications – the ability to effectively present ideas in a logical
framework in a variety of forms with proper language structure and
mechanics.
Mihaylo College of Business and Economics Annual Report - 2009
Section B2: Assessment of Student Learning Outcomes
42
2008-09 Mihaylo College of Business and Economics Annual Report
Section B2: Assessment of Student Learning Outcomes
Appendix G
MSIS Goals and Learning Objectives
Goals of the M. S. in
Information Technology
Program
Accounting and
managerial aspects of an
information technology
organization
Examples of Learning Objectives Linked to Program Goals
The ability to prepare and interpret financial statements; the ability to
deal with people and manage a complex organization; the ability to
conform to the professional, legal, and ethical issues associated with an
information technology operation; the ability to select among the
appropriate software to support the information requirements of an
organization; the ability to determine when a project should be
outsourced versus developed in-house
Telecommunications
The ability to assess the telecommunications needs of an organization;
requirements necessary to the ability to supervise the development of a local or wide area data
support an organization’s and communications network; the ability to use the Internet in support of
information technology
operations, the ability to select the appropriate telecommunications
needs
hardware and software
Systems development
process
Data needs of an
organization
Programming concepts.
Electronic commerce
Collaboration
Research
Communications
The ability to analyze the information systems needs of an organization;
the ability to design an information system to serve the needs of an
organization.
The ability to design a database system to serve the needs of an
organization; the ability to select appropriate software to operate a
database system.
The ability to write a computer program using the fundamental concepts
of programming; the ability to document a program; the ability to
select a particular computer language for a programming application
The ability to incorporate electronic commerce into an organization; the
ability to understand the marketing, legal, and supply chain issues
associated with the successful implementation of electronic commerce;
the ability to select appropriate software and systems to support
electronic commerce.
The ability to work productively in a team or collaborative setting to
achieve common goals.
The ability to conduct, evaluate, and synthesize research and apply
theoretical ideas to practical settings.
The ability to effectively present ideas in a logical framework in a
variety of forms with proper language structure and mechanics
Mihaylo College of Business and Economics Annual Report - 2009
Section B2: Assessment of Student Learning Outcomes
43
2008-09 Mihaylo College of Business and Economics Annual Report
Section B3: Distance/ Off Campus Education Inventory
A. Online Programs
1. Master of Science in Information Systems
Fall 08 Student Headcount – 33
2008 MSIT Degrees Earned - 19
B. Off Campus Programs
1. FEMBA – Fully Employed MBA
Fall Student Headcount – 39
2. Masters of Science, Taxation
Fall Student Headcount - 10
C. Blended
None
D. Proposed Online
Currently there is a proposal to create a new undergraduate online business degree.
Mihaylo College of Business and Economics Annual Report - 2009
Section B3: Distance/ Off Campus Education Inventory
44
2008-09 Mihaylo College of Business and Economics Annual Report
Section B4: Faculty and Scholarly Creative Activities
Intellectual Contributions
California State University, Fullerton
July 1, 2008 - June 30, 2009
Accounting
Alali, Fatima (Associate Professor)
Refereed Journal Articles
Article in a second-tier refereed journal (Published)
Grant, G. H., Miller, K. C., Alali, F.. (2008). Can effective IT controls improve financial
reporting?. Managerial Auditing Journal, 23(8),803-823.
Article in a second-tier refereed journal (Published)
Alali, F., Grant, G. H., Miller, K. C.. (2008). IT control deficiencies that impact financial
reporting. Internal Auditing, 23(4),28-38.
Foote, Paul S. (Full Professor)
Refereed Journal Articles
Article in a second-tier refereed journal (Published)
Foote, P. S., Chen, J.. (2008). Accounting standards, disclosure requirements and foreign
company listings on stock exchanges.. Chinese Business Review (ISSN 1537-1506),
7(9),35-45.
Grant, Gerry H. (Associate Professor)
Refereed Journal Articles
Article in a second-tier refereed journal (Published)
Choi, V., Grant, G. H., Luzi, A. D.. (2008). Insights from the SEC’s XBRL voluntary filing
program. The CPA Journal, December 2008,69-71.
Article in a second-tier refereed journal (Published)
Grant, G. H., Miller, K. C., Alali, F.. (2008). Can effective IT controls improve financial
reporting?. Managerial Auditing Journal, 23(8),803-823.
Article in a second-tier refereed journal (Published)
Grant, T., Grant, G. H.. (2008). Can regulations curb excessive executive pay. Strategic
Finance, 89(3),31-39.
Article in a second-tier refereed journal (Published)
Grant, G. H.. (2008). Complying with the SEC's compensation discussion and analysis
requirements. The CPA Journal, LXXVIII(9),30-32.
Article in a second-tier refereed journal (Published)
Alali, F., Grant, G. H., Miller, K. C.. (2008). IT control deficiencies that impact financial
reporting. Internal Auditing, 23(4),28-38.
Mihaylo College of Business and Economics Annual Report - 2009
Section B4a: Faculty and Scholarly Creative Activities
45
2008-09 Mihaylo College of Business and Economics Annual Report
Section B4: Faculty and Scholarly Creative Activities
Grant, Terry (Full Professor)
Refereed Journal Articles
Article in a second-tier refereed journal (Published)
Grant, T., Park, N., Wheeler, S. W.. (2009). Nonaudit, external audit, and internal audit
services in a post-SOX world. Internal Auditing, 24(1),28-35.
Article in a third-tier refereed journal (Published)
Grant, T., Austin, W. W.. (2008). The impact of SOX on companies in the petroleum-refining
industry. Oil, Gas and Energy Quarterly, 57(2),335-353.
Article in a second-tier refereed journal (Published)
Grant, T., Grant, G. H.. (2008). Can regulations curb excessive executive pay. Strategic
Finance, 89(3),31-39.
Jiang, Wei (Associate Professor)
Refereed Journal Articles
Article in a second-tier refereed journal (Published)
Jiang, W., Lee, P., Anandarajan, A.. (2008). The association between corporate governance
and earnings quality: Further evidence using the Gov-score. Advances In Accounting,
24(2),191-201.
Luzi, Andrew D. (Full Professor)
Refereed Journal Articles
Article in a second-tier refereed journal (Published)
Choi, V., Grant, G. H., Luzi, A. D.. (2008). Insights from the SEC’s XBRL voluntary filing
program. The CPA Journal, December 2008,69-71.
Mande, Vivek (Full Professor)
Refereed Journal Articles
Article in a second-tier refereed journal (Published)
Lee, H., Mande, V., Son, M.. (2008). A comparison of reporting lags of multinational and
domestic firms. Journal of International Financial Management & Accounting, 19(1),28-56.
Miranda-Lopez, Jose E. (Associate Professor)
Refereed Journal Articles
Article in a second-tier refereed journal (Published)
Peng, J. C., Miranda-Lopez, J. E.. (2009). National culture and trust on satisfaction in
synchronous collaborative decisions. Journal of business and behavioral sciences, 20(1),98108.
Mihaylo College of Business and Economics Annual Report - 2009
Section B4a: Faculty and Scholarly Creative Activities
46
2008-09 Mihaylo College of Business and Economics Annual Report
Section B4: Faculty and Scholarly Creative Activities
Smith, Ephraim (Full Professor)
Books
Textbook (revision) (Published)
Smith, E.. (2009). CCH federal taxation - Basic principles. Chicago, IL: Commerce Clearing
House.
Scholarly book (revision) (Published)
Smith, E.. (2009). CCH federal taxation - Comprehensive topics. Chicago: IL: Commerce
Clearing House.
Textbook (revision) (Published)
Smith, E.. (2008). CCH federal taxation - Comprehensive topics. Chicago: IL: Commerce
Clearing House.
Son, Myungsoo (Associate Professor)
Refereed Journal Articles
Article in a second-tier refereed journal (Published)
Lee, H., Mande, V., Son, M.. (2008). A comparison of reporting lags of multinational and
domestic firms. Journal of International Financial Management & Accounting, 19(1),28-56.
Wright, Kathleen (Full Professor)
Refereed Journal Articles
Article in edited professional journal (Published)
Wright, K.. (2009). The California Budget: Tax Increases Now and Benefits Later. State Tax
Notes, 51,701.
Article in edited professional journal (Published)
Wright, K.. (2009). No New California Taxes - But Added Complexity. State Tax Notes,
51(4),53.
Article in edited professional journal (Published)
Wright, K.. (2008). Ventas finance: The next step in California LLC litigation. State Tax
Notes(2008 STT 175),.
Books
Scholarly book (revision) (Published)
Wright, K.. (2009). California Income Tax Manual - 2009 Edition. Chicago, Illinois: Commerce
Clearing House.
Mihaylo College of Business and Economics Annual Report - 2009
Section B4a: Faculty and Scholarly Creative Activities
47
2008-09 Mihaylo College of Business and Economics Annual Report
Section B4: Faculty and Scholarly Creative Activities
Business Communication
Brzovic, Kathy (Lecturer)
Refereed Journal Articles
Article in top-tier refereed academic journal (Published)
Brzovic, K., Matz, S. Irene. (2009). Students advise fortune 500 company: Designing a
problem-based learning community. Business Communication Quarterly, 72(1),21-34.
Article in top-tier refereed academic journal (Published)
Brzovic, K., Franklin, A.. (2008). Reflections on the custom of disciplinary isolation and one
modest attempt to overcome it. Business Communication Quarterly, 71(3),365-369.
Franklin, April (Lecturer)
Refereed Journal Articles
Article in top-tier refereed academic journal (Published)
Brzovic, K., Franklin, A.. (2008). Reflections on the custom of disciplinary isolation and one
modest attempt to overcome it. Business Communication Quarterly, 71(3),365-369.
Mihaylo College of Business and Economics Annual Report - 2009
Section B4a: Faculty and Scholarly Creative Activities
48
2008-09 Mihaylo College of Business and Economics Annual Report
Section B4: Faculty and Scholarly Creative Activities
Economics
Brajer, Victor (Full Professor)
Refereed Journal Articles
Article in top-tier refereed academic journal (Published)
Brajer, V., Hall, J. V., Tager, I.. (2008). Ambient ozone concentrations cause increased
hospitalizations for asthma in children: An 18-year study in southern California.
Environmental Health Perspectives, 116(8),1063-1070.
Article in top-tier refereed academic journal (Published)
Brajer, V., Mead, R. W., Xiao, F.. (2008). Health benefits of tunneling through the Chinese
Environmental Kuznets Curve (EKC). Ecological Economics, 66(4),674-686.
Farka, Ermira (Assistant Professor)
Refereed Journal Articles
Article in refereed journal (Published)
Farka, E.. (2009). The effect of monetary policy shocks on stock prices accounting for
endogeneity and omitted variable biases. Review of Financial Economics, 18,47-55.
Fazeli, Rafat (Lecturer)
Refereed Journal Articles
Article in a second-tier refereed journal (Published)
Fazeli, R., Fazeli, R.. (2008). Impact of the welfare state and social policy on the working
population: The recent British experience. Forum for Social Economics, Online First,Retrieve
from http://www.springerlink.com/content/k84x43m6l235n783/fulltext.pdf.
Fazeli, Reza (Lecturer)
Refereed Journal Articles
Article in a second-tier refereed journal (Published)
Fazeli, R., Fazeli, R.. (2008). Impact of the welfare state and social policy on the working
population: The recent British experience. Forum for Social Economics, Online First,Retrieve
from http://www.springerlink.com/content/k84x43m6l235n783/fulltext.pdf.
Fleissig, Adrian R. (Full Professor)
Refereed Journal Articles
Article in top-tier refereed academic journal (Published)
Fleissig, A. R., Whitney, G.. (2008). A nonparametric test of weak separability and consumer
preferences. Journal of Econometrics, 2(147),275-281.
Article in top-tier refereed academic journal (Published)
Mihaylo College of Business and Economics Annual Report - 2009
Section B4a: Faculty and Scholarly Creative Activities
49
2008-09 Mihaylo College of Business and Economics Annual Report
Section B4: Faculty and Scholarly Creative Activities
Fleissig, A. R., Drake, L.. (2008). A Note on the Policy Implications of Using Divisia Consumption
and Monetary Aggregates. Macroeconomic Dynamics, 12(1),132-149.
Article in top-tier refereed academic journal (Published)
Fleissig, A. R., Jones, B., Dutkowsky, D.. (2008). Monetary Policy and Monetary Asset
Substitution. Economics Letters, 1(99),18-22.
Gill, Andrew M. (Full Professor)
Refereed Journal Articles
Article in refereed journal (Published)
Gill, A. M., Leigh, D. E.. (2009). Differences in community college missions: Evidence from
California. Economics of Education Review(In press),Retrieve from:
http://www.sciencedirect.com.
Gratton-Lavoie, Chiara (Lecturer)
Refereed Journal Articles
Article in refereed journal (Published)
Gratton-Lavoie, C., Stanley, D. L.. Teaching and Learning Principles of Microeconomics Online:
An Empirical Assessment. Journal of Economic Education, 40(1),3-26.
Hall, Jane V. (Full Professor)
Refereed Journal Articles
Article in top-tier refereed academic journal (Published)
Brajer, V., Hall, J. V., Tager, I.. (2008). Ambient ozone concentrations cause increased
hospitalizations for asthma in children: An 18-year study in southern California.
Environmental Health Perspectives, 116(8),1063-1070.
Jia, Hao (Lecturer)
Refereed Journal Articles
Article in top-tier refereed academic journal (Published)
Jia, H.. (2008). A stochastic derivation of the ratio form of contest success functions. Public
Choice, 135(3-4),125-130.
Lartey, Emmanuel K.K. (Assistant Professor)
Refereed Journal Articles
Article in refereed journal (Published)
Lartey, E.. (2008). Capital inflows, Dutch disease effects, and monetary policy in a small open
economy. Review of International Economics, 16(5),971-989.
Mihaylo College of Business and Economics Annual Report - 2009
Section B4a: Faculty and Scholarly Creative Activities
50
2008-09 Mihaylo College of Business and Economics Annual Report
Section B4: Faculty and Scholarly Creative Activities
Article in refereed journal (Published)
Lartey, E.. (2008). Capital inflows, resource reallocation and the real exchange rate.
International Finance, 11(2),131-152.
Ling, Davina (Assistant Professor)
Refereed Journal Articles
Article in refereed journal (Published)
Ling, D.. (2008). Are postmenopausal women 'half-a-man'? Sexual beliefs, attitudes and
concerns among midlife Chinese women. Journal of Sex and Marital Therapy, 34(1),15-29.
Mead, Robert W. (Associate Professor)
Refereed Journal Articles
Article in top-tier refereed academic journal (Published)
Brajer, V., Mead, R. W., Xiao, F.. (2008). Health benefits of tunneling through the Chinese
Environmental Kuznets Curve (EKC). Ecological Economics, 66(4),674-686.
Mengova, Evelina (Lecturer)
Books
Scholarly book (Published)
World Bank Team, Mengova, E.. (2008). Public sector reform: What works and why? An IEG
evaluation of world bank support. Washington, DC: The World Bank.
Michaels, Robert J. (Full Professor)
Refereed Journal Articles
Article in refereed journal (Published)
Michaels, R. J.. (2008). Renewable portfolio standards: still no good reasons. The Electricity
Journal, 21(8),18-31.
Purkayastha, Dipankar (Full Professor)
Refereed Journal Articles
Article in refereed journal (Published)
Ghosh, K., Purkayastha, D.. (2008). A Conversation about Globalization and Culture:
Theirs and Ours. The Global Studies Journal, 1(1),101-108.
Rubin, Jared (Assistant Professor)
Refereed Journal Articles
Article in a second-tier refereed journal (Published)
Mihaylo College of Business and Economics Annual Report - 2009
Section B4a: Faculty and Scholarly Creative Activities
51
2008-09 Mihaylo College of Business and Economics Annual Report
Section B4: Faculty and Scholarly Creative Activities
Rubin, J.. (2008). The lender’s curse: A new look at the origin and persistence of interest bans
throughout history. Journal of Economic History, 68(2),575-579.
Article in a third-tier refereed journal (Published)
David, P. A., Rubin, J.. (2008). Restricting Access to Books on the Internet: Some Unanticipated
Effects of U.S. Copyright Legislation. Review of Economic Research on Copyright Issues,
5(1),23-53.
Seck, Osmane (Lecturer)
Refereed Journal Articles
Article in refereed journal (Published)
Seck, O.. (2008). Rotterdam model versus almost ideal demand system: Will the best
specification please stand up? Journal of Applied Econometrics(23),795–824.
Stanley, Denise L. (Associate Professor)
Refereed Journal Articles
Article in refereed journal (Published)
Gratton-Lavoie, C., Stanley, D. L.. Teaching and Learning Principles of Microeconomics Online:
An Empirical Assessment. Journal of Economic Education, 40(1),3-26.
Walton, Joshua (Lecturer)
Book Chapters
Chapter in scholarly book (Published)
Walton, J., Chiu, E. M.P., Walter, S., Willett, T. D.. (2009). Currency crises. Princeton
encyclopedia of the world economy. Princeton, NJ: Princeton University Press.
Xiao, Feng (Assistant Professor)
Refereed Journal Articles
Article in refereed journal (Published)
Xiao, F.. (2009). Does the stock market affect investment by Chinese firms: Some new
evidence. International Review of Applied Economics, 23(2),.
Article in top-tier refereed academic journal (Published)
Brajer, V., Mead, R. W., Xiao, F.. (2008). Health benefits of tunneling through the Chinese
Environmental Kuznets Curve (EKC). Ecological Economics, 66(4),674-686.
Mihaylo College of Business and Economics Annual Report - 2009
Section B4a: Faculty and Scholarly Creative Activities
52
2008-09 Mihaylo College of Business and Economics Annual Report
Section B4: Faculty and Scholarly Creative Activities
Finance
Chan, Su Han (Full Professor)
Refereed Journal Articles
Article in top-tier refereed academic journal (Published)
Yang, J., Chan, S., Fang, F.. (2008). Presales, financing constraints, and developers’ production
decisions. Journal of Real Estate Research, 30(3),345-375.
Chang, Carolyn W. (Full Professor)
Refereed Journal Articles
Article in refereed journal (Published)
Chang, C. W., Chang, J., Lu, W.. (2008). Pricing catastrophe options in discrete operational
time. Insurance: Mathematics and Economics, 43(3),422-430.
Clark, Marcia K. (Lecturer)
Refereed Journal Articles
Article in edited professional journal (Published)
Clark, M.. (2008). A brief guide to the impact of fixed-income swaps on investment
compliance. Journal of Securities Law, Regulation & Compliance, Spring 2008(1),1-5.
Ghosh, Dipasri (Lecturer)
Books
Scholarly book (Published)
Ghosh, D.. Essays on the selection of securities: Decision on acquisition and issuance perspectives
and decision rules.
LaCour-Little, Michael J. (Full Professor)
Refereed Journal Articles
Article in a second-tier refereed journal (Published)
Coleman, IV, M., LaCour-Little, M. J., Vandell, K. D.. (2008). Subprime lending and the housing
bubble: Tail wags dog?. Journal of Housing Economics, 17(4),272-290.
Article in refereed journal (Published)
LaCour-Little, M. J., Holmes, C.. (2008). Prepayment penalties in residential mortgage
contracts: a cost-benefit analysis. Housing Policy Debate, 19(4),.
Article in a second-tier refereed journal (Published)
LaCour-Little, M. J.. (2008). Mortgage termination risk: A review of the recent literature.
Journal of Real Estate Literature, 16(3),297-326.
Mihaylo College of Business and Economics Annual Report - 2009
Section B4a: Faculty and Scholarly Creative Activities
53
2008-09 Mihaylo College of Business and Economics Annual Report
Section B4: Faculty and Scholarly Creative Activities
Lai, Tsong-Yue (Full Professor)
Refereed Journal Articles
Article in top-tier refereed academic journal (Published)
Lai, T.. (2008). Estimating property values by replication: An alternative to the traditional grid
and regression methods. Journal of Real Estate Research, 30(4),441-460.
Li, Yuming (Full Professor)
Refereed Journal Articles
Article in top-tier refereed academic journal (Published)
Li, Y.. (2009). International Asset Returns and Exchange Rates. The European Journal of
Finance, 15(3),263-285.
Article in a second-tier refereed journal (Published)
Qiao, Z., Li, Y., Wong, W.. (2008). Policy change and lead-lag relations among China's
segmented stock markets. Journal of Multinational Financial Management, 18(3),276-289.
Lu, Weili (Associate Professor)
Refereed Journal Articles
Article in refereed journal (Published)
Chang, C. W., Chang, J., Lu, W.. (2008). Pricing catastrophe options in discrete operational
time. Insurance: Mathematics and Economics, 43(3),422-430.
Xie, Xiaoying (Assistant Professor)
Refereed Journal Articles
Article in a second-tier refereed journal (Published)
Cummins, J. D., Xie, X.. (2009). Market values and efficiency in US insurer acquisitions and
divestitures. Managerial Finance, 35(2),128-155.
Yang, Jing (Assistant Professor)
Refereed Journal Articles
Article in top-tier refereed academic journal (Published)
Yang, J., Chan, S., Fang, F.. (2008). Presales, financing constraints, and developers’ production
decisions. Journal of Real Estate Research, 30(3),345-375.
Mihaylo College of Business and Economics Annual Report - 2009
Section B4a: Faculty and Scholarly Creative Activities
54
2008-09 Mihaylo College of Business and Economics Annual Report
Section B4: Faculty and Scholarly Creative Activities
Information Systems & Decision Sciences
Bhaskar, Rahul (Full Professor)
Refereed Journal Articles
Article in a second-tier refereed journal (Published)
Bhaskar, R.. (2008). Information Technology Systems Deliver Competitiveness for ABC Parcel
Services. JOURNAL OF CASES IN INFORMATION TECHNOLOGY, 10(3),1-9.
Drezner, Tammy (Lecturer)
Refereed Journal Articles
Article in a second-tier refereed journal (Published)
Berman, O., Drezner, T., Drezner, Z., Wesolowsky, G. O.. (2009). A Defensive Maximal
Covering Problem on a Network. International Transactions on Operational Research,
16,69-86.
Article in a second-tier refereed journal (Published)
Drezner, T., Drezner, Z., Scott, C. H.. (2009). Location of a Facility Minimizing Nuisance to or
from a Planar Network. Computers and Operations Research, 36,135-148.
Book Chapters
Chapter in scholarly book (Published)
Drezner, T.. (2009). Competitive Facility Location. Encyclopedia of Optimization (pp. 396401).
Drezner, Zvi (Full Professor)
Refereed Journal Articles
Article in a second-tier refereed journal (Published)
Berman, O., Drezner, T., Drezner, Z., Wesolowsky, G. O.. (2009). A Defensive Maximal
Covering Problem on a Network. International Transactions on Operational Research,
16,69-86.
Article in a second-tier refereed journal (Published)
Drezner, T., Drezner, Z., Scott, C. H.. (2009). Location of a Facility Minimizing Nuisance to or
from a Planar Network. Computers and Operations Research, 36,135-148.
Article in top-tier refereed academic journal (Published)
Drezner, Z., Nickel, S.. (2009). Solving the Ordered One-Median Problem in the Plane.
European Journal of Operational Research, 195,46-61.
Article in a second-tier refereed journal (Published)
Berman, O., Drezner, Z., Wesolowsky, G. O.. (2009). The Maximal Covering Problem with
Some Negative Weights. Geographical Analysis, 41,30-42.
Mihaylo College of Business and Economics Annual Report - 2009
Section B4a: Faculty and Scholarly Creative Activities
55
2008-09 Mihaylo College of Business and Economics Annual Report
Section B4: Faculty and Scholarly Creative Activities
Article in top-tier refereed academic journal (Published)
Suzuki, A., Drezner, Z.. (2009). The Minimum Equitable Radius Location Problem with
Continuous Demand. European Journal of Operational Research, 195,17-30.
Article in top-tier refereed academic journal (Published)
Berman, O., Drezner, Z., Krass, D., Wesolowsky, G. O.. (2009). The Variable Radius Covering
Problem. European Jopurnal of Operational Research, 196,516-5125.
Article in a second-tier refereed journal (Published)
Berman, O., Drezner, Z.. (2008). A New Formulation for the Conditional p-Median and pCenter Problems. Operations Research Letters, 36,481-483.
Article in a second-tier refereed journal (Published)
Drezner, Z.. (2008). Extensive Experiments with Hybrid Genetic Algorithms for the Solution of
the Quadratic Assignment Problem. Computers and Operations Research, 35,717-736.
Article in a second-tier refereed journal (Published)
Aboolian, R., Berman, O., Drezner, Z.. (2008). Location-Allocation of Service Units on a
Congested Network. IIE Transactions, 40,422-433.
Article in top-tier refereed academic journal (Published)
Berman, O., Drezner, Z.. (2008). The p-Median Problem Under Uncertainty. European Journal
of Operational Research, 189,19-30.
Article in a second-tier refereed journal (Published)
Berman, O., Drezner, Z., Wang, Q., Wesolowsky, G. O.. (2008). The Route Expropriation
Problem. IIE Transactions, 40,468-477.
Article in top-tier refereed academic journal (Published)
Drezner, Z., Berman, O.. (2008). The p-median problem under uncertainty. European Journal
of Operational Research, 189(1),19-30.
Kalczynski, Pawel J. (Associate Professor)
Refereed Journal Articles
Article in a second-tier refereed journal (Published)
Kalczynski, P., Kamburowski, J.. (2008). An improved NEH heuristic to minimize makespan in
permutation flow shops. Computers & Operations Research, 35(9),3001-3008.
Kung, Mabel T. (Full Professor)
Refereed Journal Articles
Article in top-tier refereed academic journal (Published)
Kung, M. T., Zhang, Y.. (2008). Analysis of business process models in enterprise web services.
IJEBR International Journal of E-Business Research, 4(2),69-86.
E-Business Practices and Applications - Emerging Technologies and Concepts, To appear,.
Mihaylo College of Business and Economics Annual Report - 2009
Section B4a: Faculty and Scholarly Creative Activities
56
2008-09 Mihaylo College of Business and Economics Annual Report
Section B4: Faculty and Scholarly Creative Activities
Marcoulides, Laura (Lecturer)
Refereed Journal Articles
Article in refereed journal (Published)
Newby, M., Marcoulides, L.. (2008). Examining student outcomes in university computer
laboratory environments: Issues for educational management. International Journal of
Educational Management, 22(5),371-385.
Newby, Michael (Lecturer)
Refereed Journal Articles
Article in refereed journal (Published)
Newby, M., Marcoulides, L.. (2008). Examining student outcomes in university computer
laboratory environments: Issues for educational management. International Journal of
Educational Management, 22(5),371-385.
Pandya, Pramod (Lecturer)
Books
Textbook by a recognized publisher (1st Edition) (Published)
Pandya, P.. (2008). TCP/IP: Vulnerabilities and solutions. Boston, MA: Springer.
Pasternack, Barry A. (Full Professor)
Refereed Journal Articles
Article in top-tier refereed academic journal (Published)
Pasternack, B. A.. (2008). Commentary: Optimal pricing and return policies for perishable
commodities. Marketing Science, 27(1),131-132.
Turel, Ofir (Associate Professor)
Refereed Journal Articles
Article in refereed journal (Published)
Khanin, D., Baum, J., Turel, O., Raj, M.. (2009). Are some venture capitalists more likely than
others to replace the founder-CEO?. Journal of Private Equity, Spring,.
Article in refereed journal (Published)
Bart, C. K., Turel, O.. (2009). The role of the board in IT governance: Current and desired
oversight practices.. International Journal of Business Governance and Ethics, 4(4),316-329.
Article in refereed journal (Published)
Mihaylo College of Business and Economics Annual Report - 2009
Section B4a: Faculty and Scholarly Creative Activities
57
2008-09 Mihaylo College of Business and Economics Annual Report
Section B4: Faculty and Scholarly Creative Activities
Serenko, A., Cocosila, M., Turel, O.. (2008). The state and evolution of Information Systems
research in Canada: A scientometric analysis. Canadian Journal of Administrative Sciences,
25(4),279-294.
Yang, Samuel C. (Full Professor)
Refereed Journal Articles
Article in refereed journal (Published)
Yang, S. C., Chen, C. C., Crandall, R. E.. (2008). A conceptual model of innovative applications
of RFID. International Journal of Innovation and Learning, 5(5),480-495.
Article in top-tier refereed academic journal (Published)
Chen, C. C., Wu, J., Yang, S. C.. (2008). Accelerating the use of Weblogs as an alternative
method to deliver case-based learning. International Journal on E-Learning (formerly
International Journal of Educational Telecommunications), 7(2),331-349.
Article in top-tier refereed academic journal (Published)
Chen, C. C., Wu, J., Yang, S. C., Tsou, H.-Y.. (2008). Importance of diversified leadership roles
in improving team effectiveness in a virtual collaboration learning environment. Educational
Technology and Society Journal, 11(1),304-321.
Article in refereed journal (Published)
Chen, C. C., Wu, J., Yang, S. C., Su, Y.-S.. (2008). Key drivers for the continued use of RFID
technology in the emergency room. Management Research News, 31(4),273-288.
Article in refereed journal (Published)
Chen, H.-G., Chen, C. C., Lo, L., Yang, S. C.. (2008). Online privacy control via anonymity and
pseudonym: Cross-cultural implications. Behaviour and Information Technology, 27(3),229 242.
Book Chapters
Chapter in scholarly book (Published)
Chen, C. C., Yang, S. C.. (2008). E-commerce and mobile commerce applications adoption
(republished from Chen & Yang, 2006). Electronic commerce: Concepts, methodologies,
tools, and applications (pp. 826-836). Hershey, PA: Information Science Reference.
Zerom, Dawit (Associate Professor)
Refereed Journal Articles
Article in refereed journal (Published)
Tesfom, G., Zerom, D.. (2009). Agent's Quest for Reputation and Referrals from Past and
Present Customers as the Agent's Source of Business. International Journal of Services,
Economics and Management, 1(3),250-266.
Article in top-tier refereed academic journal (Published)
Manzan, S., Zerom, D.. (2008). A bootstrap-based nonparametric forecast density.
International Journal of Forecasting, 24(3),535-550.
Mihaylo College of Business and Economics Annual Report - 2009
Section B4a: Faculty and Scholarly Creative Activities
58
2008-09 Mihaylo College of Business and Economics Annual Report
Section B4: Faculty and Scholarly Creative Activities
Zhang, Yi (Associate Professor)
Refereed Journal Articles
Article in top-tier refereed academic journal (Published)
Kung, M. T., Zhang, Y.. (2008). Analysis of business process models in enterprise web services.
IJEBR International Journal of E-Business Research, 4(2),69-86.
Mihaylo College of Business and Economics Annual Report - 2009
Section B4a: Faculty and Scholarly Creative Activities
59
2008-09 Mihaylo College of Business and Economics Annual Report
Section B4: Faculty and Scholarly Creative Activities
Law
Parry, Richard O. (Assistant Professor)
Refereed Journal Articles
Article in a second-tier refereed journal (Published)
Parry, R. O., Gillespie, T.. (2008). From law-breaking caterpillar to law-abiding butterfly:
Can the department of justice force business to obey the law?. The Journal of Legal Studies
in Business, 13(4),89-110.
Article in edited professional journal (Published)
Richard, M. B., Parry, R. O.. (2008). It's time to do something about the tax gap. Houston
Business & Tax Law Journal, 9(1),1-32.
Article in a second-tier refereed journal (Published)
Parry, R. O., Gillespie, T., Sharon, S. L.. (2008). The best defense is a good offense: Using
human resource management proactively to minimize the threat of litigation from wrongful
termination cases. Journal of Business & Behavioral Sciences, 19(2),108-123.
Mihaylo College of Business and Economics Annual Report - 2009
Section B4a: Faculty and Scholarly Creative Activities
60
2008-09 Mihaylo College of Business and Economics Annual Report
Section B4: Faculty and Scholarly Creative Activities
Management
Choi, Hyun-Cheol P. (Lecturer)
Refereed Journal Articles
Article in top-tier refereed academic journal (Published)
Choi, H., Blocher, J. D., Gavirneni, S.. (2008). Value of sharing production yield information in
a serial supply chain. Production and Operations Management, 17(6),614-626.
Gnanlet, Adelina (Assistant Professor)
Refereed Journal Articles
Article in a second-tier refereed journal (Published)
Gnanlet, A., Rajendran, C.. (2009). Meta-heuristics in ARMA Forecasting. California Journal of
Operations Management, 7(1),38-48.
Jones, Wayne D. (Assistant Professor)
Refereed Journal Articles
Article in a second-tier refereed journal (Published)
Huff, L., Cooper, J., Jones, W. D.. The Development and Consequences of Trust in Student
Project Groups. Journal of Marketing Education, 24(1),24-34.
Khanin, Dmitry M. (Assistant Professor)
Refereed Journal Articles
Article in refereed journal (Published)
Khanin, D., Baum, J., Turel, O., Raj, M.. (2009). Are some venture capitalists more likely than
others to replace the founder-CEO?. Journal of Private Equity, Spring,.
Article in a second-tier refereed journal (Published)
Khanin, D., Baum, J. R., Mahto, R., Heller, C.. (2008). •The process of VC investment, and VCs’
decision-making criteria: literature review and assessment.. The Silicon Valley Journal of
Global Entrepreneurship Research., 4(3),3 - 30.
Mahto, Raj (Assistant Professor)
Refereed Journal Articles
Article in a second-tier refereed journal (Published)
Khanin, D., Baum, J. R., Mahto, R., Heller, C.. (2008). •The process of VC investment, and VCs’
decision-making criteria: literature review and assessment.. The Silicon Valley Journal of
Global Entrepreneurship Research., 4(3),3 - 30.
Mihaylo College of Business and Economics Annual Report - 2009
Section B4a: Faculty and Scholarly Creative Activities
61
2008-09 Mihaylo College of Business and Economics Annual Report
Section B4: Faculty and Scholarly Creative Activities
Muse, Lori A. (Associate Professor)
Refereed Journal Articles
Article in a second-tier refereed journal (Published)
Flanagan, D., Muse, L. A., O'Shaugnessy, K.. (2008). An overview of accounting restatement
activity in the United States. International Journal of Commerce and Management,
18(4),363-368.
Mihaylo College of Business and Economics Annual Report - 2009
Section B4a: Faculty and Scholarly Creative Activities
62
2008-09 Mihaylo College of Business and Economics Annual Report
Section B4: Faculty and Scholarly Creative Activities
Marketing
Atwong, Catherine T. (Associate Professor)
Refereed Journal Articles
Article in refereed journal (Published)
Atwong, C. T., Taylor, L. H.. (2008). Integrating information literacy into business education: A
successful case of faculty-librarian collaboration. Journal of Business & Finance
Librarianship, 13(4),433-448.
Benedicktus, Ray L. (Assistant Professor)
Book Chapters
Chapter in scholarly book (Published)
Benedicktus, R. L., Brady, M. K., Darke, P. R., Voorhees, C. M.. (2008). Consumer Trust in
Multiple Channels: New Evidence and Directions for Future Research. Brick and Mortar
Shopping in the 21st Century (pp. 107-127). New York, NY: Lawrence Erlbaum Associates.
Broyles, Samuel A. (Associate Professor)
Refereed Journal Articles
Article in a second-tier refereed journal (Published)
Broyles, A., Ross, R. H., Leingpibul, T.. (2009). Examination of Satisfaction in Cross-Product
Group Settings. Journal of Product & Brand Management, 18(1),50-59.
Granitz, Neil (Full Professor)
Refereed Journal Articles
Article in a second-tier refereed journal (Published)
Brodowsky, G., Granitz, N., Anderson, B.. (2008). The Best of Times is Now: A Study of the
Gay Subculture's Attitudes Toward Time. Time and Society, 17(2-3),233-260.
Hernandez, William (Lecturer)
Books
Scholarly book (Published)
Hernandez, W., Graham, J. L.. (2008). Global negotiation: The new rules. New York, NY:
Palgrave Macmillan.
Mihaylo College of Business and Economics Annual Report - 2009
Section B4a: Faculty and Scholarly Creative Activities
63
2008-09 Mihaylo College of Business and Economics Annual Report
Section B4: Faculty and Scholarly Creative Activities
Kondo, Christopher T. (Lecturer)
Refereed Journal Articles
Article in a third-tier refereed journal (Published)
Kondo, C. T.. (2009). Benefits of Job Clubs for Executive Job Seekers: A Tale of Hares and
Tortoises. Journal of Employment Counseling, 46(1),27-37.
Mihaylo College of Business and Economics Annual Report - 2009
Section B4a: Faculty and Scholarly Creative Activities
64
2008-09 Mihaylo College of Business and Economics Annual Report
Section B4: Faculty and Scholarly Creative Activities
Externally Funded Grants & Contracts
Economics
Barkley, Daniel T. (Lecturer)
Funded
Barkley, Dan, "Economics on the Move," Sponsored by City of Los Angeles, Community
Development Department, Local, $5,000.00. (July 14, 2008 - August 14, 2008).
Funded
Barkley, Dan, "Economics on the Move," Sponsored by University of Cincinnati Center
for Economic Education and Research, State, $58,000.00. (June 16, 2008 - July 3,
2008).
Brajer, Victor (Full Professor)
Funded
Brajer, Victor (Co-Principal), Hall, Jane V (Principal), Lurmann, Frederick W. (CoPrincipal), "South Coast/San Joaquin Valley Health Benefits Study," Sponsored by
Hewlett Foundation, Private, $91,000.00. (July 2008 - December 2008).
Gratton-Lavoie, Chiara (Lecturer)
Funded
Gratton-Lavoie, Chiara (Principal), "Teaching the Ethical Foundations of Economics,"
Sponsored by NCEE, Federal, $1,000.00. (October 25, 2008).
Hall, Jane V. (Full Professor)
Funded
Brajer, Victor (Co-Principal), Hall, Jane V (Principal), Lurmann, Frederick W. (CoPrincipal), "South Coast/San Joaquin Valley Health Benefits Study," Sponsored by
Hewlett Foundation, Private, $91,000.00. (July 2008 - December 2008).
Mihaylo College of Business and Economics Annual Report - 2009
Section B4b: Faculty and Scholarly Creative Activities
65
2008-09 Mihaylo College of Business and Economics Annual Report
Section B4: Faculty and Scholarly Creative Activities
Information Systems & Decision Sciences
Kalczynski, Pawel J. (Associate Professor)
Funded
Kalczynski, Pawel (Supporting), Senecal, Sylvain (Principal), Fredette, Marc (CoPrincipal), "Dynamic Prediction of Retail Website Consumers' Intentions and Buying
Decisions," Sponsored by Social Sciences and Humanities Research Council of
Canada, Other, $109,000.00. (May 2008 - May 2011).
Marketing
Kondo, Chris T. (Lecturer)
Kondo, Christopher T, "Six Corporate Sponsors for The Sales Leadership Center,"
Sponsored by The Sales Leadership Center, Private, $23,000.00. (January 1,
2008 - Present).
Mihaylo College of Business and Economics Annual Report - 2009
Section B4b: Faculty and Scholarly Creative Activities
66
2008-09 Mihaylo College of Business and Economics Annual Report
Section B5: Centers of Excellence
Assessment Center
Contact Information
Mila Huston-Warren, assessment coordinator, ext. 2642 (funded through the Dean’s Office),
under the supervision of associate dean, Joni Norby, ext. 2235.
Major Projects
For 2008– 09 there were several major projects including, course-embedded assessments (CEA)
to measure our learning objectives, surveys, the 2nd CSU Business Schools Assessment Conference,
the 13th Annual Western Assessment Conference, and the AACSB fifth-year maintenance review.
Completed BA BA & MBA activities for 2008-09
Semester Course
Learning Objective
% of Participants
Spring 08
MGMT 340 People skills
83% of sections
Spring 08
MGMT 340 Multicultural awareness
83% of sections
Spring 08 MGMT 524 People skills
100% of sections
Spring 08 MGMT 524 Multicultural awareness
100% of sections
Fall 08
ECON 315
Problem solving and critical thinking skills 100% of sections
Fall 08
FIN 320
Problem solving and critical thinking skills 100% of sections
Fall 08
MGMT 246 Ethical awareness
Fall 08
MGMT 518 Ethical awareness and legal environment 100% of sections
knowledge
ECON 515 Problem solving and critical thinking skills 100% of sections
Fall 08
Spring 09 ISDS 265
Information technology skills
100% of sections
TBD
Spring 09 MGMT 449 Functional knowledge, global awareness
and economic and legal environment
Spring 09 ISDS 514
Information technology skills
TBD
Spring 09 MGMT 516 Communication skills: oral and written
TBD
TBD
Completed BA IB (Bachelor of Arts in International Business) Activities for 2008-09
Semester Course
Learning Objective
% of
Participants
Spring
ECON
Global awareness
83% of
08
335
sections
Spring
FIN 370 Global awareness
67% of
08
sections
Spring
MKTG
Global awareness
100% of
08
445
sections
Fall 08
MGMT
Functional knowledge, multicultural awareness, global
100% of
480
awareness, foreign language competency
sections
Spring
BA IB students concurrently being assessed with BA BA students
09
Mihaylo College of Business and Economics Annual Report - 2009
Section B5: Centers of Excellence/ Assessment Center
67
2008-09 Mihaylo College of Business and Economics Annual Report
Section B5: Centers of Excellence
Other Projects
Surveys included the graduating senior survey, graduate exit/alumni survey, international business
student surveys, accounting student surveys, tutoring center survey, and undergraduate advising
center survey. The results were shared with faculty and committees. The results are compared from
year to year and used in decision making and to track performance and student perceptions.
The 13th Annual Western Assessment Conference was held March 19, 2009. The conference
provided workshops in assessment and program evaluation. The conference offered three series
of workshops with 29 presenters. The keynote speakers were: assessment expert Mary Allen,
former director of the CSU Institute for Teaching and Learning; and an opening panel on student
affairs from Cal State Fullerton. Conference attendance was similar to last year with about 100
attendees.
For the second time, The College hosted the CSU Business Schools Assurance of Learning Meeting.
Twenty faculty and administrators from CSU campuses throughout the state attended this one day
meeting. Assessment best practices and accreditation visits were the focus of the lively discussions
and presentations made throughout the day.
Assessment efforts were also a large part of the focus for the Core Course Coordinator Council.
The Assessment Center website is continually updated to share learning objectives, rubrics,
reports, flow charts and other assessment-related information.
This year was the AACSB fifth-year maintenance review. Our assurance of learning process was
listed as a best practice in the report.
Other assessment-related activities included attendance at two events by the College assessment
coordinator:
1) ETS Symposium, July 20-22, 2008
2) WASC Retreat on Student Learning and Assessment Level II: October 16-18, 2008
Funds Received
Not applicable. Part of the baseline budget for the College.
Plans for 2009-10
BA, BUSINESS ADMINISTRATION*
Learning Objective
F 09
Communication skills: written BUAD
and oral
301
Functional knowledge
F09
S10
S 10
MGMT
449
People skills
Multicultural awareness
MGMT
340
Coordinator
L. Fraser and
T. Rizkallah
D. Leibsohn
T. Johnson
MGMT
340
T. Johnson
*Includes BA, International Business
Mihaylo College of Business and Economics Annual Report - 2009
Section B5: Centers of Excellence/ Assessment Center
68
2008-09 Mihaylo College of Business and Economics Annual Report
Section B5: Centers of Excellence
MBA
Learning Objective
Functional knowledge
F 09
BUAD
591
Local, national and global
awareness
People skills
F 09
S10
ECON
521
MGMT
524
TBD
MGMT
524
F 09
MKTG
445
Global awareness: b
Global awareness: c
S10
Coordinator
E. Dumond
A. Fleissig
Multicultural awareness
BA, International Business
Learning Objective
Global awareness: a
S 10
S 10
ECON
335
TBD
Coordinator
I. Lange
TBD
FIN
370
TBD
Other assessment activities include: the graduating senior survey, graduate exit/alumni survey,
undergraduate advising center survey, department of accounting surveys, and the tutoring center
survey. In addition to assessment measures, the assessment center is involved in reporting results to
several committees. The main events in which the Assessment Center participates and plans will be
the 14th Annual Western Assessment Conference and the 3rd CSU Business Schools Assessment
Conference.
Mihaylo College of Business and Economics Annual Report - 2009
Section B5: Centers of Excellence/ Assessment Center
69
2008-09 Mihaylo College of Business and Economics Annual Report
Section B5: Centers of Excellence
Department of Accounting
Mihaylo College of Business & Economics
Annual Report
AY 2008 – 2009
Vivek Mande, Ph.D.
Director, Center for Corporate Reporting & Governance
P.O. Box 6848
Fullerton, CA 92834-6848
ccrg@fullerton.edu
Tel: (657) 278-7659 – Fax: (657) 626-8155
Mihaylo College of Business and Economics Annual Report - 2009
Section B5: Centers of Excellence/ Center for Corporate Reporting and Governance
70
2008-09 Mihaylo College of Business and Economics Annual Report
Section B5: Centers of Excellence
About the Center
The Center for Corporate Reporting & Governance (CCRG) addresses corporate reporting and
governance topics that affect board members, executives, and other decision makers, as a result
of a mandate from the business community. In 2003, the College of Business and Economics
created a new program that focuses on the current issues facing corporations and their auditors in
this changing financial environment.
CCRG trains and educates corporate boards, accounting professionals, and investors on topics
relating to ethics, accountability, reporting and governance in several ways. CCRG holds annual
conferences on current financial reporting topics that bring nationally recognized individuals and
experts in the areas of corporate reporting and governance to CSUF.
CCRG and its director have been featured in the Orange County Register on an array of topics,
including the backdating of stock options, lawmaker pensions, and our conferences. Each summer
CCRG works with the Orange County Register on an Orange County executive compensation
study.
As an accredited member of both the National Association of State Boards of Accountancy
(NASBA) and RiskMetrics/Institutional Shareholders Services (ISS), CCRG offers Continuing
Professional Education (CPE) credit to professionals who attend sanctioned events. CCRG also
disseminates information on current financial reporting issues, interpretations of financial rules, and
research results of studies sponsored or conducted by CCRG.
The Center serves a key community need and will provide the Mihaylo College of Business and
Economics increased visibility and international and domestic recognition of its Department of
Accounting.
The Center for Corporate Reporting and Governance is registered with the
National Association of State Boards of Accountancy (NASBA) as a sponsor of
continuing professional education on the National Registry of CPE Sponsors.
State boards of accountancy have final authority on the acceptance of
individual courses for CPE credit. Complaints regarding registered sponsors may
be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700,
Nashville, TN, 37219-2417. Web site: www.nasba.org.
The Center for Corporate Reporting and Governance is accredited by
Institutional Shareholder Services; the world's leading provider of proxy voting
and corporate governance services.
The Center also entered into a co-sponsorship agreement with the CalCPA. All CCRG programs
will be offered in coordination with
Mihaylo College of Business and Economics Annual Report - 2009
Section B5: Centers of Excellence/ Center for Corporate Reporting and Governance
71
2008-09 Mihaylo College of Business and Economics Annual Report
Section B5: Centers of Excellence
Academic & Professional Boards
CCRG has two boards: academic and professional. The role of the Board is to provide advice
and assist the Director in achieving the objectives of CCRG.
Eligibility for appointment as an academic board member is met by academics who have
achieved national recognition, Commissioners and senior staff members of federal and state
agencies, such as the Securities and Exchange Commission. Eligibility for appointment to the
professional board is generally met by managing partners of accounting firms, CFOs and CEOs
of major companies.
Nominations to the Board are made by the Director of CCRG and are approved by the Dean of
the College of Business and Economics. Appointments to the Board are for initial terms of 3 years.
Renewals of board membership for additional terms are made by the Dean of the College of
Business on the recommendation of the Director. The appointments are staggered so that one
third of the board members are new members.
Academic Board
Dr. Sanjay Kallapur
Professor of Accounting
Purdue University
Dr. Jonathan Sokobin
Deputy Chief Economist
Office of Economic Analysis
Securities & Exchange Commission
Dr. Marc Massoud
Robert A. Day Distinguished
Professor of Accounting
Claremont McKenna College
Dr. Andrew D. Bailey, Jr.
Senior Policy Advisor
National Policy and Strategy
Group-Institutional Acceptance
Grant Thornton, LLP.
Dr. K.R. Subramanyam
Associate Professor of Accounting
Leventhal Fellow
University of Southern California
Mihaylo College of Business and Economics Annual Report - 2009
Section B5: Centers of Excellence/ Center for Corporate Reporting and Governance
72
2008-09 Mihaylo College of Business and Economics Annual Report
Section B5: Centers of Excellence
Professional Board
John Belli
Managing Partner
Ernst & Young
James Moloney
Partner & Co-Chair
Securities Regulation and Corporate
Governance Practice Group
Gibson & Dunn
Anthony Cherbak
Chief Operating Officer
Resources Global Professionals
Wayne Pinnell
Managing Partner
Haskell & White
Susan Cimbaluk
Managing Partner - Audit
Deloitte & Touche
Dean Samsvick
Managing Partner
Orange County Practice
KPMG
Bala Iyer
Board of Directors
Conexant Systems & QLogic
Roger Weninger
Managing Partner
Orange County Practice
Moss Adams
Ron Kent
Managing Partner
RSM McGladrey
Randall Wick
Vice President & General Counsel
Emulex Corporation
Knute Kurtz
Managing Partner
Orange County Practice
PricewaterhouseCoopers
Gary Wilson
West Region Partner-in-Charge
Business Advisory Services
Grant Thornton
Joe Moderow
Senior Vice President and Group Manager
Legal and Public Affairs (Retired)
United Parcel Service
Dean Yoost
Board of Directors
Emulex & Pacific Life Insurance
Mihaylo College of Business and Economics Annual Report - 2009
Section B5: Centers of Excellence/ Center for Corporate Reporting and Governance
73
2008-09 Mihaylo College of Business and Economics Annual Report
Section B5: Centers of Excellence
Completed Activities for AY 2008-2009
2008-2009 Corporate Reporting and Governance Conferences
CCRG held its “Seventh Annual SEC Financial Reporting Conference: Updates from SEC, FASB and
PCAOB” on September 19, 2008 at the Irvine Marriott Hotel in Irvine, California. About 400
people attended, including business leaders, accounting professionals, academic researchers, and
students.
The conference began with a keynote presentation from Craig Olinger, Deputy Chief Accountant
of the Securities & Exchange Commission (SEC), Greg Fletcher, Associate Chief Auditor of the
Public Companies Accounting Oversight Board (PCAOB) and Michael Tully, Valuation Fellow of
the Financial Accounting Standards Board (FASB) and Principal of Ernst & Young’s Transaction
Advisory Services spoke on the recent activities within FASB. A Q&A after each presentation
followed.
Informational panels on Preparing for IFRS, Audit Committees and Risk Management, and the
Implementation of SFAS 141R and SFAS 160, respectively featured representatives from various
firms including Resources Global Professionals; Ernst & Young; Gibson, Dunn, & Crutcher; Emulex
Corp.; Pacific Life Insurance Co.; Qlogic/Conexant; PricewaterhouseCoopers; Grant Thornton;
and Deloitte & Touche.
Accounting professionals attending the event were able to earn up to eight hours of Continuing
Professional Education (CPE) credit. These conferences were self-supporting; the revenue from
conference registration fees met and exceeded the conference expenses.
Finances
The Center’s activities were financially self supporting. During the 2008-09 academic year,
conference fees brought in $55,950 and outgoing expenses totaled $51,364. The remaining
account balance will be used to defer expenses for upcoming conferences in the 2009-10
academic year as well as to support the operation of the Center.
Mihaylo College of Business and Economics Annual Report - 2009
Section B5: Centers of Excellence/ Center for Corporate Reporting and Governance
74
2008-09 Mihaylo College of Business and Economics Annual Report
Section B5: Centers of Excellence
Planned Activities for AY 2009 – 2010
The 2009-2010 Academic Year is shaping up to be the biggest year ever for the Center for
Corporate Reporting and Governance. CCRG will organize several major events over the course
of the academic year.
2009-2010 Corporate Reporting and Governance Conference
CCRG will hold its Eighth Annual SEC Financial Reporting Conference on Friday, September 18,
2009 at the Hyatt Regency Hotel in Irvine, California. The conference will continue to focus on
timely topics in corporate governance and financial reporting. Contacts within the regulatory
agencies, the accounting firms, and industry will be used to bring high-caliber keynote speakers
and panelists, and make the conference attractive to the broad-based audience served in the
past: corporate executives and board members, public accountants from firms of all sizes,
attorneys practicing securities and corporate law, and academics in accounting, economics and
finance. In addition to Friday’s conference, the Center will host its Sixth Annual Academic Seminar
on Thursday, September 17. At the seminar, academics from all over the world will be invited to
present their papers on accounting, finance and economics.
It is again anticipated that this event will be financially self-supporting.
Mihaylo College of Business and Economics Annual Report - 2009
Section B5: Centers of Excellence/ Center for Corporate Reporting and Governance
75
2008- 09 Mihaylo College of Business and Economics Annual Report
Section B5: Centers of Excellence
Center for Economic Education
2008-09Activity Report
A. CONTACT INFORMATION
Center Name: Center for Economic Education
Director: Dr. Chiara Gratton-Lavoie, cgratton@fullerton.edu
Part-Time Assistant: Ms. Barbara Sideri, bsideri@fullerton.edu
Host Institution: Steven G. Mihaylo College of Business and Economics, California State
University, Fullerton
Affiliations: Council for Economic Education (formerly National Council on Economic Education),
National Association of Economic Educators, California Council on Economic Education
Address: 800 N. State College Blvd., Fullerton, CA 92834
Phone: (657) 278-2292 or (657) 278-2248
Fax: (657) 278-5958
Web Page: http://business.fullerton.edu/centers/econcenter/
B. MISSION AND GOALS
The major objective of the center is to promote economic literacy in the schools (K-12), institutions
of higher learning, and in the larger community. The center seeks to achieve this objective through
curriculum development and consultation, workshops and courses, materials dissemination, and
education research.
The increasing complexity of economic issues and problems requires that students develop
decision-making skills and an understanding of the economic system within which they must
operate as consumers, producers, and citizens. Thus, economic literacy should be an important
part of the basic skills’ emphasis. Through the Council for Economic Education and the California
Council on Economic Education (CCEE), a comprehensive program is available to California
classrooms via the Center for Economic Education.
Serving as the program arm of the Council for Economic Education and CCEE, and as one of the
Centers of Excellence of the Steven G. Mihaylo College of Business and Economics, the Center
provides important services to meet the economic education objectives of the MCBE, the Council
for Economic Education and its affiliated institutions. These services include: regular offering of onand off-campus workshops and instructional programs in economics; providing consultation for
schools, colleges, and community organizations; developing and/or distributing economic
education materials; and conducting research in economic education. The activities of the Center
contribute to increase regional and national awareness of the University and the College of
Business and Economics (Objective 6, CBE Strategic Plan AY 04/05).
Mihaylo College of Business and Economics Annual Report - 2009
Section B5: Centers of Excellence/ Center for Economic Education
76
2008- 09 Mihaylo College of Business and Economics Annual Report
Section B5: Centers of Excellence
C. CENTER ACTIVITIES
Overview
The Center has been particularly successful in promoting basic financial and economic literacy in
Orange County high schools. It has done so by providing the following:
1) Workshops for high school economics teachers.
2) The Stock Market Simulation program (10 weeks, twice a year).
3) The Orange County Capital Market Contest, in partnership with the California Council
on Economic Education (once a year).
4) Cal State Fullerton University credits to senior high school students who enroll in Honors
or AP Economics courses in their schools, and whose teachers participate in the Honors
Economics bridge program offered by the Center. In order to participate in the
program, the teacher has to submit for approval a comprehensive course outline to the
director of the Center. To be approved, the course has to fulfill the official
requirements of the University and the Department of Economics, and it has to meet the
National and State Economics Standards and learning objectives.
5) Regular support and consultation to school teachers.
6) Research projects aimed at evaluating economic literacy in California
The center also provides videos and teaching materials to the Economics Department at Cal
State University, Fullerton, and, in addition to coordinating the Honors Economics Program
(whereby high school students taking Honors Economics courses as graduating high school seniors
get CSUF credits for the Economics 100 course), it administers Challenge Exams in Principles of
Economics for the Department.
A very successful 10 weeks-long program that we offer twice a year to middle and high
school teachers and to their students is the Stock Market Simulation program. This program is an
educational online simulation designed to introduce students to the functioning of the economy and
of its financial markets. Teams of high school students trade stocks and other financial assets
online, in semester-long trading and investing competitions, using a hypothetical initial cash
allocation of $100,000. In the process, students learn how the American economy works, and
how political and economic events affect financial markets and financial institutions. At the end of
each trading period, we rank the teams according to their portfolio balances, and we award cash
prizes and Certificates of Achievement to the members of the three best-performing teams. In
addition to the traditional 10 weeks-long SMS competitions, five years ago the Center began to
offer a 7 months-long Stock Market Simulation program, the so-called Million Dollar Challenge
competition. The rules and objectives of this program are similar to those outlined for the 10
weeks-long SMS program, but in this program participating teams start with a $1,000,000 initial
portfolio balance, they are allowed to trade for 7 months, and they compete nationally for
awards offered by Stock-Trak, the online portfolio simulation company.
For the past five years, the Center has also collaborated with the California Council on
Economic Education to run one of their programs, the Capital Market Contest. For teachers and
school teams that want to expand their SMS experience, this program requires students to write
an essay analyzing the relationship between national and international events and the financial
market aggregates. The top teams compete for a grand prize based on SMS participation, the
essay, and an oral presentation each team is required to make at the regional finals. The first
Mihaylo College of Business and Economics Annual Report - 2009
Section B5: Centers of Excellence/ Center for Economic Education
77
2008- 09 Mihaylo College of Business and Economics Annual Report
Section B5: Centers of Excellence
place team’s members and their economics teacher win monetary prizes and a trip to New York
City.
The Center maintains ongoing relationships with teachers in many high schools in Orange
County. We have established relations with teachers who have enrolled their students in the Stock
Market Simulation program year after year, and many of them are regular attendees of our
workshops. The Honor Economics Program offered by the Center has also helped establishing
and maintaining strong ties with teachers in numerous school districts. The Center has established
and maintained relationship with many community college educators in the region (CBE Strategic
Plan 2004/2005, Objective 6, Goal 5). Additionally, the Center’s director has maintained
relationships with other campus educators, attending meetings to revise the State Subject Matter
Preparation Program, and volunteering her time to interview candidates for the Social Studies
program in the Secondary Education department. She is currently one of the student advisors for
the Single Subject Credential program.
Dr. Gratton-Lavoie continues to actively pursue external funding to support teacher workshops
regularly offered by the Center. For the period under review, she was awarded two mini-grants
(one of which will provide funding for a workshop scheduled in fall 2009). All mini-grants are
awarded by the Council for Economic Education in support of teachers’ training activities.
Additionally, for the period under review, a one-day event for community college economics
educators, sponsored by Worth Publishers and the CSUF Center for Economic Education, was held
at the campus Marriott on March 6, 2009. The 2009 Southern California Economics Teaching
Symposium was attended by faculty from Southern California and beyond, and its list of speakers
featured leading economists and educators from across the country, including 2008 Economics
Nobel Prize winner and NYT columnist, Paul Krugman. Krugman’s lecture was opened to the
campus community and was one of the best attended events on campus during the academic year
2008-2009.
In her role as director of the Center, and as a scholar, Dr. Gratton-Lavoie has actively
pursued external funding to support research is in the area of Economics of Education. In
collaboration with Dr. Andrew Gill (Department of Economics), she worked on two projects that
received funding from the Council and the Department of Education in years 2004/05 and
2006/07 ($19,587 and $21,285 respectively). These research projects have resulted in two
scholarly papers: “A Study of High School Economic Literacy in Orange County, California,”
recently accepted for publication in the peer-reviewed Eastern Economic Journal, and “Retention
of High School Economics Knowledge and the Effect of the California State Mandate,” currently
under review in the Journal of Economic Education. Finally, another research-oriented objective
was accomplished through publication in the Journal of Economic Education (JEE, vol. 40-1, Winter
2009: 3-25) of the paper “Teaching and Learning Principles of Microeconomics Online: An
Empirical Assessment,” co-authored with Dr. Denise Stanley (Department of Economics).
The director is a member of the National Association of Economic Educators (NAEE). The
Center’s institutional affiliations with the Council for Economic Education and the California Council
on Economic Education were granted for 5 years in October 2006. We do expect to successfully
maintain our affiliations with National and State organizations in the future.
Mihaylo College of Business and Economics Annual Report - 2009
Section B5: Centers of Excellence/ Center for Economic Education
78
2008- 09 Mihaylo College of Business and Economics Annual Report
Section B5: Centers of Excellence
2008-2009 Productivity Report
The following table lists the main center activities for the period under review.
ACTIVITY TYPE
Main Programs/Events
Credit Courses
Credit Courses
Stock Market Simulation
DATE
Fall 2008
Spring 2009
10/06/0812/12/08
Stock Market Simulation 2/23/095/01/09
Orange County Capital 2/23/09Market Contest
5/01/09
High School Teachers
10/25/08
Workshop
Southern California
3/06/09
Economics Teaching
Symposium
Main Professional
Activities/ Others
Research/Publications
Winter 2009
Research/Publications
Forthcoming,
2009
Research/Publications
Submission:
March 2009
Service
May 30,2008
Service
Ongoing
DESCRIPTION
Honors Economics Program: 230 students, 3 schools
Honors Economics Program: 660 students, 8 schools
High school students learn about securities & investing,
hands-on simulation program. 294 teams, 15 teachers
High school students learn about securities & investing,
hands-on simulation program. 449 teams, 29 teachers
California regional contest for high school students (stock
market simulation & essays): 333 teams, 23 teachers
Teaching the Ethical Foundations of Economics, 21
teachers attended
Event for community college educators (80 registered
participants). Nobel Prize Winner Paul Krugman’s
keynote address opened to CSUF faculty & community
at large
Web Page Link
“Teaching and Learning Principles of Microeconomics
Online: An Empirical Assessment,” with Denise Stanley.
Published in the Journal of Economic Education, vol. 40
(1), Winter 2009: 3-25
“A Study of High School Economic Literacy in Orange
County, California,” Eastern Economic Journal (with
Andrew Gill)
“Retention of High School Economics Knowledge and the
Effect of the California State Mandate,” with Andrew
Gill. Submitted, Journal of Economic Education.
Dr. Gratton-Lavoie judged high school finalists’
presentations at the CCEE-sponsored Orange County
Capital Market Contest
Dr. Gratton-Lavoie is an advisor for the CSUF Single
Subject Credential Program
Mihaylo College of Business and Economics Annual Report - 2009
Section B5: Centers of Excellence/ Center for Economic Education
79
2008- 09 Mihaylo College of Business and Economics Annual Report
Section B5: Centers of Excellence
D. CENTER FINANCIAL REPORT
Please see attached financial report.
E. CENTER’S GOALS FOR 2008/2009
To continue to contribute to the realization of the College and University strategic goals, this
Center intends to focus most on the activities listed below.
• High school teacher workshops: we will continue to offer workshops and to look for
external sources of funding to support the workshops.
• Continue to strengthen and expand the Stock Market Simulation program, increasing the
number of schools and teams participating, as well as continuing to collaborate with the
California Council to support the Capital Market Contest.
• Continue recruiting efforts for the Honors/AP bridge program.
• Continue our efforts to maintain and expand the center webpage.
• The Center’s director intends to continue to work toward seeking more grant support, as
well as toward the identification of new sponsors, presenting them with the opportunity of
contributing to the economic and financial literacy of young people in the region.
• The Center’s director is committed to continue research activities on economic education.
Mihaylo College of Business and Economics Annual Report - 2009
Section B5: Centers of Excellence/ Center for Economic Education
80
2008-09 Mihaylo College of Business and Economics
Section B5: Centers of Excellence
AACSB Financial Data Report
Center for Economic Education July 1, 2008-June 30, 2009
REVENUE
Category
Funds
1) • University appropriations
(federal, state, or local)
Director release time
Part-time Assistant
Total
2,000
34,500
20,454
56,954
2) • Government Grants & Contracts
Research
(Small Business Development Center,SBI,
or other funds from reimbursable activities)
Total
3) • Private Contracts
NCEE: Initial pmt. 2009 Int. Showcase Award
NCEE:Final pmt: 2008 Ethical Foundations Workshop
Other:Interest earned Trust Account # 580090 estimated for 3 quar
Other:Interest earned Foundation account # 5890 for 3 quarters
(payment for training, public service or other services rendered)
Total
4) • Private Gifts & Contracts
Stock Market Simulation Fees
In-kind: NCEE books for workshop 2009,
2009 Int.
Int Economics
Total
Total Revenues
800
840
670
50
2360
8,406
300
8,706
68,020
5) • Endowments
a) Cash
b) Planned Gift
c) Estate Gift
total
6) • Endowment Income
Endowment
Amount Rec'd
$ ________
EXPENDITURES
Category
Salary: Assistant
Release Time: Director
Research
Travel
Other: SMS Awards: cash & t-shirts
Payment to StockTrak for SMS
Telephone Charges
Office supplies
Teacher training workshop expenses
Dues & Subscriptions: NCEE & SEA
Administration Charges: Trust Account # 580090
Total Expenditures
Mihaylo College of Business and Economics Annual Report - 2009
Section B5: Centers of Excellence/ Center for Economic Education
20,454
34,500
472
3,691
233
1,129
287
78
60,844
81
2008-09 Mihaylo College of Business and Economics Annual Report
Section B5: Centers of Excellence
The Center for the Study of Emerging Financial Markets
Contact Information:
Director:
Dr. Joe Greco 278-2375
PLANNED PR0JECT AND ACTIVITIES FOR AY 2008-2009: Completed Activities Report
PROJECT: U.S. DEPARTMENT OF EDUCATION, BUSINESS AND INTERNATIONAL EDUCATION
DIVISION, Project: “Confronting Outsourcing by Your Competition”
In the fall of 2008, the Project Director will again arrange with the Executive Director of the AeA
of Orange County to distribute the survey created in the fall of 2007 to the membership of the
Association along with another 500 selected businesses in Orange County. The results of the
survey will be compiled during the winter and presented at the International Conference
presented in April of 2009.
Completed Activities:
Over 100 survey forms were mailed out to the AeA membership. Additional surveys were sent to
three specific sectors that the Center will attempt to build a social network with: the medical
device manufacturers, chipmakers, and software development companies. Over 20 forms have
been returned and results compiled regarding the experiences outsourcing offshore by Orange
County firms. The presentation of the results will be presented at a breakfast seminar hosted
jointly by the Center and the AeA during the last week of June 2009.
In addition, two additional case studies in outsourcing offshore in India were sponsored and
completed by the grant through the Center.
PROJECT: GLOBAL TRADE ALLIANCE (GTA)
The GTA will be re-engineered with further student input to create a club for students who have
an interest in international business. The plan calls for a program to offer international business
students review sessions to prepare them to take and pass the international trade specialist exam
given by NASBITE.
Completed Activities:
This activity was conducted but the GTA was not used nor re-engineered to previous commitment
of the Center’s resources. The program was created to offer international business students a
review session online and prepare them to take and pass the NASBITE exam. Six students signed
up and took the exam in February 2009 with 4 of the six passing.
PROJECT: NASBITE CERTIFICATION PROGRAM:
The Center will co-partner with the NASBITE certification program to apply for a grant from the
U.S. Department of Education to sponsor preparation for the certification program in conjunction
with the U. S. SBA program at CSUF.
This alliance will expand its seminar offerings by enrolling and helping to score a passing grade
for 25 international finance students in the finance module of the NASBITE certification program.
Completed Activities:
The grant application to the U.S. Department of Education, “Orange County Global Retrofit,” was
submitted in April 2009. It plans to partner with the Work Investment Board to re-train the
Mihaylo College of Business and Economics Annual Report - 2009
Section B5: Centers of Excellence/ The Center for the Study of Emerging Markets
82
2008-09 Mihaylo College of Business and Economics Annual Report
Section B5: Centers of Excellence
displaced workers in Orange County’s real estate, construction and financial services industries.
Part of the plans call for expanding the NASBITE preparation and testing function at the Center.
PROJECT: F1/J1 PROGRAM
The Center will continue its program and expand the number of companies offering research
projects to international students based at the Center.
Completed Activities:
During the academic year, the Center sponsored one foreign student through the F1/J1 Program.
This Program was not as active as in previous years due to the downturn in the local economy.
PROJECT: GRANTS AND CONTRACT WRITING
The Center will continue to register with development banks globally and apply to them to offer
consulting services by the CSEM core faculty for emerging market projects. A new grant
application will be made to the U.S. Department of Education, Business and International
Education Division. The Center will co-partner with the NASBITE certification program to apply for
a grant from the U.S. Department of Education to write the finance section and preparation for
the certification program. In addition, the Center will apply to at least 6 other RFPs during the
year by other granting agencies.
Completed Activities:
The Center, through its grant application to the U.S. Department of Education’s Business and
International Division, submitted a grant, known as the “Orange County Global Retrofit” Program
that proposes a NASBITE certification program for students at CSUF as well as displaced workers
from the real estate, construction, and financial services industries of Orange County. Another
grant application to the U.S. Department of Housing and Human Services related to micro finance
for refugee groups in Southern California was also submitted.
PROJECT: CSEM PUBLICATION SERIES
The Center will continue to expand its publication series in two areas. The first will be publications
related to emerging markets and doing business globally. The second will be a series of research
articles related to offshore outsourcing that are the products of research grants provided by the
BIE grant from the U.S. Department of Education. A book of readings that was assembled in the
AY2007-2008 will be published.
Completed Activities:
The Center published two works through its Publication Series. The first was the “Doing Business in
Central Europe.” The second was the CSEM Emerging Market Index that combines a range of
indexes to create its own indicator of the most active markets globally. The new index was
published in June 2009 with the launch of the Center’s revised newsletter. A book of readings in
outsourcing offshore was also published.
Mihaylo College of Business and Economics Annual Report - 2009
Section B5: Centers of Excellence/ The Center for the Study of Emerging Markets
83
2008-09 Mihaylo College of Business and Economics Annual Report
Section B5: Centers of Excellence
FUNDS RECEIVED
See worksheet
PLANNED PR0JECT AND ACTIVITIES FOR AY 2009-2010
PROJECT:
Grants and Contracts
The Center will continue to register with development banks globally. In addition, the
Center will apply to at least 3 RFPs during the year by other granting agencies.
PROJECT: CSEM PUBLICATION SERIES
The Center will continue to expand its publication series in two areas. The first will be
publications related to emerging markets and doing business globally. The second will be a series
of research articles related to offshore outsourcing that are the products of research grants
provided by the BIE grant from the U.S.
PROJECT:
CSEM Database Online
In order to drive traffic to the Center’s website to share research results and case studies that
resulted from the federal grant, the Center will create a google-like database for researchers to
visit and to obtain information about outsourcing and international finance.
PROJECT: F1/J1 PROGRAM
The Center will continue its program and expand the number of companies offering research
projects to international students who will conduct research based at the Center.
PROJECT: NASBITE CERTIFICATION PROGRAM
The Center will co-partner with the NASBITE certification program to continue to offer the exam
during the month of February 2010 as well as an online preparation class.
PROJECT: CSEM Donor Program
The Center will continue its drive to become self-sufficient by expanding its network of partner
companies in Orange County, especially in the medical device, chipmaking and software
developing sectors, by using an organized business plan and marketing strategy, known as social
networking. As a result of the program, a Board of Advisors of no less than 20 members will be
in place by the end of the academic year.
Mihaylo College of Business and Economics Annual Report - 2009
Section B5: Centers of Excellence/ The Center for the Study of Emerging Markets
84
2008-09 Mihaylo College of Business and Economics Annual Report
Section B5: Centers of Excellence
AACSB Financial Data Report
The Center for the Study of Emerging Financial Markets
REVENUE
Category
1) • University appropriations
(federal, state, or local)
2) • Government Grants & Contracts
Research
Other
(Small Business Development Center,SBI,
or other funds from reimbursable activities)
Funds
$10,000
$ ___________
$75,000
Total
3) • Private Contracts
Research
$ ___________
Other
$ ___________
(payment for training, public service or other services rendered)
Total
4) • Private Gifts & Contracts
Cash
In-kind
Membership fees
Capital Gifts
Scholarships
$ ___________
$ __________
$ ___________
$ ___________
$ ___________
5) • Endowments
a) Cash
b) Planned Gift
c) Estate Gift
$ ___________
50,000
$ ___________
total
6) • Endowment Income
Endowment
EXPENDITURES
Category
Salary
Release Time
Grants Made
Research
Travel
Other (specify)
Telephone Charges
Office supplies
Technology & related expenses
Dues & Subscriptions
Foundation Charges, Interest
Other (specify)
Total Expenditures
Mihaylo College of Business and Economics Annual Report - 2009
Section B5: Centers of Excellence/ The Center for the Study of Emerging Markets
$ 135,000.00
Amount Rec'd
$ ________
50,000
$ ________
$ ________
20,000
10,000
$ ________
5,000
2,000
$ ________
2,000
$ ________
$89,000.00
85
2008-09 Mihaylo College of Business and Economics Annual Report
Section B5: Centers of Excellence
Center for Entrepreneurship
Prepared by
John Bradley Jackson
Director
Center for Entrepreneurship
jjackson@fullerton.edu
May 29, 2009
Background
The Center for Entrepreneurship was founded on June 8, 2001. The Center Director is John Bradley
Jackson. The purpose of the Center is to develop skilled and knowledgeable entrepreneurial leaders
who will successfully compete in the ever-changing business environment. The Center supports
entrepreneurial education and research at California State University, Fullerton and creates linkages to
the region’s emerging growth companies. It serves as the focus for faculty, students, alumni
entrepreneurs, and friends of the university to come together and create an exciting, high-energy
entrepreneurial culture. The Center also aims to have cross-disciplinary links to other CSUF colleges.
The Center’s objectives are to:
1. Support the MCBE undergraduate and graduate entrepreneurship programs.
2. Provide mentoring and internships to students in the CBE entrepreneurship programs.
3. Facilitate and organize speaker series, open forums, workshops and structured networking
opportunities to inform and promote entrepreneurial education.
4. Provide advice and support for activities that help student and alumni entrepreneurs in starting and
operating new ventures.
5. Provide advice and support to existing businesses on best practices that develop entrepreneurial
business skills, improve venture operations, and help entrepreneurs find needed resources for profitable
growth.
6. Support research in entrepreneurship, information archiving, contact database development, and
information dissemination via the Internet.
7. Provide outreach to student entrepreneurs at Orange County community colleges and high schools.
In accordance with the Center’s entrepreneurial culture, the Center is self-supporting. It seeks individual,
corporate, and foundation support for its operations.
The Center’s operational strategies are high touch, wide network and professional depth. The Center’s
objectives support the 2008-2009 College Level Objectives and Action Plan, including: Program
Quality, Balancing Theory and Practice, and Outreach.
The Center has an advisory board and is chaired by Mike Ames. In 2008-2009, its members included
Mike Ames, Ken Guchereau ‘74, Wally Hicks Sr., Affluent Living Publications; Raj Manek ‘94, Vesuki,
Inc.; Laurie Resnick ‘77, Associated Group, Inc.; Alan Safahi ’83, Card Express International, LLC; Ron
Stein, Principal Technical Services; Oli Thordarson, Alvaka Networks; John Bradley Jackson ’77, Alan
Mannason, SCORE, and Art Villa ‘87 Breakthrough Business Solutions.
Mihaylo College of Business and Economics Annual Report - 2009
Section B5: Centers of Excellence/ Center for Entrepreneurship
86
2008-09 Mihaylo College of Business and Economics Annual Report
Section B5: Centers of Excellence
Center Accomplishments in Support of Objectives for 2008-2009
1. The Center supported the staffing of the MCBE undergraduate and graduate concentrations in
Entrepreneurship. Three sections of each of the six classes for the undergraduate concentration were
offered in 2008-2009. The Center recruited several, experienced entrepreneurs with appropriate
academic credentials to instruct the entrepreneurship courses. Also, the Center contributed to the roll out
of the Entrepreneurship minor, approved by the university in spring 2007. It serves CSUF entrepreneurs
in other CSUF colleges and schools.
2. In 2008-2009, the Center’s focus continued to be on networking. The Center arranged for mentoring
by 100 volunteers for over two hundred and twenty-five students through its Entrepreneurship in
Residence program. The Center also arranged several student internships with firms owned by
successful entrepreneurs. Every qualified student seeking a mentor or internship was matched with an
appropriate opportunity. Through selective invitations, the Center is consistently increasing the
professional depth of its volunteer network.
3. The Center arranged for numerous successful entrepreneurs to speak to Entrepreneurship classes and
provided active advisement, meeting space and support for the Young Entrepreneurship Society (YES!).
In 2008-2009, this student club maintained membership at approximately 40 members and arranged
several guest speakers for CSUF entrepreneurs.
4. Through its award winning Small Business Institute field case program, the Center gave over 225
students the opportunity to learn about successful small business operations first hand. It also assisted
150 students with business opportunity selection and launch planning (mentoring and advisory panels).
Based on a competitive selection process, approximately 33 student business plans were reviewed by
independent funding review panels and 29 student businesses were launched and monitored by
independent progress review panels. The panels were videotaped in 2009 to increase the learning
experience for the students. The panel size was increased this year to twelve investors to increase the
feedback for the student teams.
5. Through its award winning Small Business Institute field case program, the Center served 98 local,
owner-operated businesses. The combined revenues of the client firms exceeded $250 million. Their
employee count totaled approximately 5,543. In addition, the Center recruited experienced
entrepreneurs as instructors for the entrepreneurship concentration, recruited 100 resident entrepreneurs
as volunteer advisors for student projects, organized and administered the review panels, and
arranged several mentor and internship opportunities for CSUF entrepreneurs. One of the CSUF MBA
teams won a national third place prize for its student consulting and one our CSUF Undergraduate
teams won a national third place prize for its student consulting.
6. The Center made several acquisitions for the Small Business Institute Library and expanded staff to
advise students on the use of electronic resources targeted to CSUF entrepreneurs. The Center continued
pre and post assessment instruments in Management 464 Entrepreneurial Leadership, Management
465-A New Venture Creation and Funding and Management 465-B New Venture Launch. The Center
continues to refine its methodologies for volunteer management, assessment, and recognition.
The Center maintains a contact database with over 25,000 names of Orange County business owners,
their professional advisors, alumni, and other key decision makers that support small business. Each
year, Center staff further refines the database, adds entrepreneurship students and new graduates,
and converts hard copy contact and business concept data to hyperlinked text documents. At the end of
2008-2009, the Center launched the publication of the Orange County Directory of Networking
Mihaylo College of Business and Economics Annual Report - 2009
Section B5: Centers of Excellence/ Center for Entrepreneurship
87
2008-09 Mihaylo College of Business and Economics Annual Report
Section B5: Centers of Excellence
Organizations. Maintaining and publishing the Directory will allow the center to reach out to many
professional and trade organizations in the county, and to promote free enterprise in the county by
aiding organized networking amongst students, business owners, and organizations.
7. In 2008-2009, Center staff continued to update contact names from business/entrepreneurship
programs at all Orange County high schools and community colleges. Center staff and student
volunteers visited over ten transfer/career fairs at selected community colleges. It also informed
Community college deans, counselors, faculty and students about CSUF entrepreneurship programs. The
Center also supported YES! Club outreach activities and is spreading the news about CSUF
entrepreneurship via electronic newsletters and frequent updates of news items on the Center’s website.
The Center was self supporting during 2008-2009. It raised approximately $176,500 to support its
activities. Of this amount, approximately $40,000 came from donations, and the balance from Small
Business Institute case client fees. Approximately $10,000 of donations was devoted to student awards
and volunteer recognition. The balance will be invested in achievement of SBI and Center objectives.
SBI Case revenues totaled $133,000 income. Approximately $150,000 was allocated to full and part
time personnel. The balance was devoted to reimbursement of student and faculty field case expenses,
promotion of Center/SBI programs, office supplies, and acquisition/ maintenance of office equipment.
Office space for the Center/SBI is provided by the MCBE.
Mihaylo College of Business and Economics Annual Report - 2009
Section B5: Centers of Excellence/ Center for Entrepreneurship
88
2008-09 Mihaylo College of Business and Economics
Section B5: Centers of Excellence
AACSB Financial Data Report
Center for Entrepreneurship
Reporting Period: July 1, 2008 through June 30, 2009
REVENUE
Category
1) • University appropriations
(federal, state, or local)
2) • Government Grants & Contracts
Research
Other
(Small Business Development Center,SBI,
or other funds from reimbursable activities)
Total
3) • Private Contracts
Research
Other
(payment for training, public service or other services rendered)
Total
4) • Private Gifts & Contracts
Cash
In-kind
Sponsorships (SBI Cases Fee, etc.)
Capital Gifts
Scholarships
total
5) • Endowments
a) Cash
b) Planned Gift
c) Estate Gift
total
6) • Endowment Income
Endowment
Total Revenues
Funds
$ ___________
$ ___________
$ ___________
$ ___________
$
40,000.00
$ __________
$
133,000.00
$ ___________
$
3,500.00
$ ___________
$ ___________
$ ___________
Amount Rec'd
$ ________
$
176,500.00
EXPENDITURES
Category
Salary
Release Time
Grants Made
Research
Scholarships
Other (specify)
Telephone Charges
Office supplies
Technology & related expenses
Dues & Subscriptions
Director's Part Time Compensation
Other (specify) Small Business Development Center
Total Expenditures
Mihaylo College of Business and Economics Annual Report - 2009
Section B5: Centers of Excellence/ Center for Entrepreneurship
150,000.00
$ ________
$ ________
$
15,000.00
$
3,500.00
$ ________
$ ________
$ ________
$ ________
$ ________
$
8,000.00
$
$
176,500.00
89
2008-09 Mihaylo College of Business and Economics Annual Report
Section B5: Centers of Excellence
Center for International Business
Contact Information:
Director: Katrin R. Harich, SGMH 5109, x4674, kharich@fullerton.edu
Associate Director: Bruce Xiao, SGMH 4210D, x3329, bxiao@fullerton.edu
Major activities and accomplishments:
Student Short-Term Study Abroad
o BEST 2009:
o Appointed BEST Director for 2008-2009, Dr. Goli Sadri, Management.
o Recruited students for the summer 2009 BEST Program.
o Finalized all administrative requirements/contracts/procedures for the
BEST 2009 Program.
o Seventeen (17) business students are participating in the BEST 2009
Program.
o Heidelberg 2009:
o Recruited students for the summer 2009 Heidelberg Program.
o Finalized all administrative requirements/contracts/procedures for the
Heidelberg 2009 Program.
o Nine business students are participating in the Heidelberg 2009 Program.
o China 2009 Summer Program:
o Developed a summer study abroad program in China in collaboration with
the College’s partner university in Tianjin, China.
o Recruited students for the summer 2009 China Program.
o Finalized all administrative requirements/contracts/procedures for the
China 2009 Program.
o Seven (7) business students signed up for the China 2009 Program.
o At the last minute, this summer program had to be cancelled upon request
of our partner university, due to the swine flu.
Student Long-Term Study Abroad
o Harich served on selection committee for CSUF’s Study Abroad Ambassador
Scholarships.
o Harich served as evaluator/interviewer for the Office for International Education
and Exchange, assisting in the selection of study abroad candidates.
Faculty Exchanges
o China Bridge Program
o In collaboration with the Center for Insurance Studies, developed the China
Bridge Program. This program takes one faculty member per department
to China where faculty visit a number of partner universities in Tianjin,
Beijing, and Shanghai, present their research and teaching philosophies,
and plan future collaboration.
o Prepared faculty members for the program and completed all
administrative requirements.
o At the last minute, the China Bridge Program had to be cancelled upon
request of our partner universities, due to the swine flu.
Mihaylo College of Business and Economics Annual Report - 2009
Section B5: Centers of Excellence/ Center for International Business
90
2008-09 Mihaylo College of Business and Economics Annual Report
Section B5: Centers of Excellence
o Other
o During the AY 2008-09, a number of business faculty taught at the
College’s partner university in Germany (Hochschule fuer Wirtschaft und
Umwelt, Nuertingen-Geislingen).
Faculty Development and Training
o Faculty from Tianjin, China
o In collaboration with the Center for Insurance Studies, hosted a second
group of faculty members from TUFE (Tianjin University of Finance &
Economics). These faculty members spent six months at CSUF for English
language training and training in their respective disciplines.
o Managed all facets of this faculty development program, including housing,
instruction in English and Business, field trips, and graduation ceremonies.
BA in International Business
o Participated in the review and revision of the BA in International Business.
Proposed changes to this degree program will go through the appropriate
committees in the fall 2009 semester.
Additional Activities
o On June 1, 2009, Xiao met with representatives of the Champagne School of
Management, France, to discuss possible future collaboration.
o Harich hosted Dorte Suechting, Baden-Wuerttemberg Cooperative State University
Stuttgart, on May 30, 2009.
o Harich attended the NAFSA Conference on May 27, 2009 and met with several of
the College’s partner universities.
o Harich hosted Gerhard Schmuecker, Hochschule fuer Wirtschaft und Umwelt,
Nuertingen-Geislingen, on May 23, 2009.
o Xiao developed the ‘Tianjin--CSUF 2+2 Dual Degree Program.” Approval of this
program is pending.
o Harich developed an exchange agreement with the College’s partner university in
Heidelberg, Germany. This agreement builds on the existing MOU and the
contract that is in place for the Heidelberg Summer Program. The proposed
exchange agreement includes student exchanges during the fall and spring
semesters. Approval of this agreement is pending.
o In May 2009, Harich met with representatives of the University of Adam
Mickiewicz in Poznan, Poland, to explore future collaboration.
o In April 2009, Harich met with representatives from the Austral Group (Santiago,
Chile) to discuss possible student study abroad program in South America.
o In December 2008, Harich met with representatives of Karlsruhe University of
Applied Sciences to explore possible student and faculty exchange programs. An
MOU has been signed since between CSUF and Karlsruhe University.
o In November 2008, the Center sponsored an International Colloquium, in
collaboration with Delta Sigma Pi.
o Harich initiated the creation of a list of publications by College faculty members
on international topics. This list has been compiled and is available in the Dean’s
Office.
o In September 2008, Harich met with a group of visiting students from Diwan
University, Taiwan.
Mihaylo College of Business and Economics Annual Report - 2009
Section B5: Centers of Excellence/ Center for International Business
91
2008-09 Mihaylo College of Business and Economics Annual Report
Section B5: Centers of Excellence
Funds Received
o The only funds received during the past academic years are payments from our
partner university in China (TUFE) in connection with the Faculty Development and
Training Program for its faculty members. The Center’s account is with CSUF
Auxiliary Services, project code 57356.
Tentative Plans for AY 2009-2010
o Continue with the College’s Summer Programs (BEST, Heidelberg, China)
o Continue with the China Bridge Program
o Host a faculty group from TUFE
o Create an Advisory Board for the Center
o Develop a fundraising program for the Center
Mihaylo College of Business and Economics Annual Report - 2009
Section B5: Centers of Excellence/ Center for International Business
92
2008-09 Mihaylo College of Business and Economics Annual Report
Section B5: Centers of Excellence
Center for Insurance Studies
1. Director
Dr. Weili Lu, CP-1060, ext. 3679
2. List of major projects undertaken in 2008
The accomplishments of CIS in 2008-2009 are the increasing course enrollment (1052) and the
total endowment fund, which reached $1.34 million. The challenge we had continued to be our
student placement decline (over 50%) due to the economy and the soft underwriting cycle in the
property/casualty market. Total funds raised for operations decelerated in 2008 ($218,600).
Enhancing Curriculum
• The Insurance concentration for undergraduate level was just approved by the university.
• Risk Management and Insurance is now a concentration in Finance Department as one of
the two concentrations.
• Corporate Risk Management and an Insurance Seminar will be offered this fall.
• Enterprise Risk Management will be offered next spring.
• A speaker series will also be offered during the academic year.
Assisting Industry Employees and Non-Traditional Students
• Participation in Risk Management education programs for risk managers and their staff.
• Industry employees continued to express strong interest in our proposed MBA program.
Developing a Comprehensive Program
• Scholarship donations reached $63,450 and benefited more than 60 students.
• The summer internship program, with the current economy, provided only 5 positions for
students.
• Newsletter, database, and website continue to be successful.
• A new chapter of the national insurance fraternity, Gamma Iota Sigma (GIS) was
established on our campus.
Providing Interface with the Industry
• Joanna Moore, SVP at Mercury, visited CSUF as the keynote speakers for Business Week.
The event had close to 200 participants, mainly from the insurance program.
• An Insurance Marketing Entrepreneurship symposium featured the managing partners in
New York Life, Prudential, and others, and attracted over 200 students.
• Dr. Lu was honored with the $25,000 Walter B. Gerken Community Service Award. This
award is given annually to an agency that exemplifies Mr. Gerken’s (former CEO of
Pacific Life) heartfelt philanthropic commitment to the community.
• CIS invited CA Insurance Commissioner to be keynote speaker at the ceremony for the
dedication of Mihaylo Hall.
Mihaylo College of Business and Economics Annual Report - 2009
Section B5: Centers of Excellence/ Center for Insurance Studies
93
2008-09 College of Business and Economics Annual Report
Section B. 5 Centers of Excellence
.
•
Scholarship Awards ceremony was conducted in spring 2009 (200 participants) including
students, donors, families and friends.
Actuary Program
• The actuary course, Math 390, and the Exam Workshop have proved to be great
successes, with a peak enrollment of 15.
• The Actuary program successfully passed VEE course requirements.
• Pacific Life continues to hire actuary interns from CSUF.
International Executive Development Program
• The Business Leadership in the 21st Century program continued to be phenomenally
successful.
• CIS invited to conduct an Asia Insurance Competency Study which will significantly raise our
academic position nationwide and worldwide; presently there is no study or database
with this information on Asian insurance companies.
• The academic leadership program for Tianjin University of Finance & Economics (TUFE)
brought 23 TUFE faculty to CSUF with a TUFE grant.
Endowment Campaign
• $1.34 million has been raised to fulfill our $5 million goal.
• Campaign Cabinet had three meetings under the leadership of Gabe Tirador, CEO of
Mercury Insurance.
• An extensive database has been built up and continues to increase.
Programs in proposal
• Asian MBA program was proposed to attract Asian students and executives.
Challenges
• $5 million endowment campaign.
• Finding and hiring qualified faculty members remains a top priority.
• Student placement needs to be improved.
Mihaylo College of Business and Economics Annual Report - 2009
Section B5: Centers of Excellence/ Center for Insurance Studies
94
2008-09 College of Business and Economics Annual Report
Section B. 5 Centers of Excellence
3. Funds received, if any, by source:
Please see attached file
4. Plans for projects in the near term:
•
•
•
•
•
Asian MBA Program with concentrations in Corporate Risk Management and Insurance
Further development of Actuary Program
Endowment for the Center
Mini MBA Program
Insurance Ethics Program for CSU system, including the creation of a resource base of
teaching materials in ethics for program core courses
5. Use:
This information is sought in order to respond to Chancellor’s information requests, now already in
hand; and to insure conformance to campus policies and CSU system Executive Orders and
directives regarding centers, institutes and similar entities. It will also form the basis for the listing
of centers in the next-upcoming catalog.
Mihaylo College of Business and Economics Annual Report - 2009
Section B5: Centers of Excellence/ Center for Insurance Studies
95
2008-09for
Mihaylo
College of
Business-and
Annual
Report
Center
Insurance
Studies
AllEconomics
Donations
- 2008
Section B5: Centers of Excellence
10465
10416 CIS
Quasi
Date
1/29
1/30
2/11
2/13
3/11
3/11
3/19
4/18
4/19
4/25
5/7
5/14
5/27
6/5
6/19
6/23
6/28
7/14
7/16
7/28
8/1
8/1
8/1
9/10
9/12
9/25
10/8
10/10
10/30
10/30
10/30
11/7
11/14
11/11
11/14
11/25
12/8?
From
Mercury 2008
Pacific Life 2008
IICF/Robitaille?
Travelers - for GIS Charter Ceremony
Aon 2008
The Zenith 2008
Mercury - endowment
MMC Matching Gift Program - George Magula
Surety Underwriters
Marsh McLellan
Loman Foundation
Insurance Professionals of O.C.
AIG (American International Group, Inc) 2008
Howard Mead (alum; AIG)
Jim Gutmann
OC CPCU - Speaker's gift for Weili's visit
OC CPCU - 2008
Marumoto (for 2009 Scholarships)
Auto Club of So Cal 2008
Old Republic (Mike Castaneda) - 2009
Interest - 10449
Interest - 10466
Interest - 10465
American Contractors Indemnity Co (HCC Surety)
Frank Robitaille ($100K - 45K PacLifeRm, 10K dean)
Todd
Marumoto
(Mattel
Children's FFoundation?)
T dd M
t (M
tt l Child
d ti ?)
OC RIMS (2008 award)
Brown & Brown
Colony West (1st pymnt of 3 for total 10K)
United Way - gift from Steve Flynn
Burnham Benefits (Kris Allison) - CA Top 100
KPMG
Fidelity Charitable Gift Fund - Doomey
Pacific Life - Hsu for Doomey
LA RIMS
Travelers - scholarships
Partee - cashier's check from employees (Cindy
Woodbridge)
10403
10405
65,000.00
25,000.00
10446
10447
Endw Dist
10466
10449
Endowment
IICF/Rob
Dist
Dist
Endowment
100,000.00
500.00
10,000.00
50,000.00
50,000.00
100.00
1,500.00
100.00
1,500.00
500.00
10,000.00
50.00
33,334.00
100.00
1,500.00
500.00
17,000.00
1,500.00
2,825.26
16,514.97
3,211.38
750.00
45,000.00
500.00
500 00
5,000.00
10,000.00
3,000.00
179.23
10,000.00
7,500.00
500.00
500.00
10,000.00
3,000.00
500.00
200,850.00
16,750.00
1,000.00
218,600.00
62,679.23
50,000.00 Frnk
112,679.23 Total 12/08
Mihaylo College of Business and Economics Annual Report - 2009
Section B5: Centers of Excellence/ Center for Insurance Studies
96
Total
2008-09 Mihaylo College of Business and Economics Annual Report
Section B5: Centers of Excellence
Family Business Council
Director, Mike Trueblood
The mission of the Family Business Council is to enhance the well-being and longevity of the
region's family-owned businesses by providing education, interaction and information uniquely
tailored to the needs and concerns of family firms. We aim to be the premier educational
resource to family businesses and CSUF students in our market, which consists of Orange
County and a 50-mile radius around the University. The Council was started in 1995 as an
“outreach” department in the College of Business and Economics.
The Council added an academic aspect in 2000 by creating an undergraduate course” Family
Business Dynamics” for CSUF students and next generation children of Council members. The
Council’s Director reports to the Dean. An active Advisory Board helps provide strategic
direction, budget oversight and input for the Council’s operations.
Major projects in 2008-2009 were as follows:
a. Members: Member’s annual revenues range from $5 million to $100 million, and
are in manufacturing, service, distribution, or retail sectors. Most of the member’s firms
are in the second or third generation of family ownership. Annual dues are $2,800.
The Family Business Council has 42 members. At the beginning of 2008, there were 46
members. Some have dropped out, experiencing sharp revenue declines in the current
economic downturn.
b. Partners. The Family Business Council has six sponsoring partners. The Partners
include: Union Bank of California; Ferruzzo & Ferruzzo Law Offices, RSM McGladrey
Inc. (CPA/ Accounting), Morris Basdakis Wealth Management, SullivanCurtisMonroe
(general insurance broker) and Benefit Concepts (a Life Insurance broker resource).
Each Partner provides $10,000 per year to underwrite the Council’s operations.
Partners’ role is also to provide their core competency expertise to the Council, its
members, other Partners, and the University. DoudHausner, a family business advisory
group, acts as a Strategic Partner to FBC, on a pro bono basis.
c. Member Ratings of the monthly workshops: The Council main “product” is a
monthly workshop for the members. Evaluation of the workshops averaged 8.7 on a
10-point scale. Attached is a copy of the topics that were addressed and the
presenters. d. Affinity Groups: These are peer-to-peer members of family firms, who meet
monthly with a facilitator and function as “advisory boards” to each other. Currently
we have two CEO groups, one next-generation group and one women-owners group.
Members find these groups invaluable in dealing with their business and family issues.
Our goal is to add one or more affinity groups per year. Members of the affinity
groups pay an annual fee of $500 in addition to the membership fee.
e. Undergraduate Course: Management #335 "Family Business Dynamics." This
course and the instructor (Dr. Robin Parry Ph.D.) were rated very highly by the
Mihaylo College of Business and Economics Annual Report - 2009
Section B5: Centers of Excellence/ Family Business Council
97
2008-09 Mihaylo College of Business and Economics Annual Report
Section B5: Centers of Excellence
students. This has become a value-added program to the Council, to the students, and
to the University. An important aspect of the MGMT 335 course is the assigning of
each student to a local family-owned business; the students are required, for 25% of
the semester grade, to research and interview the business owner and prepare a
power point presentation, which goes to the business owner. It is a powerful real-world
learning experience for the student and provides productive feedback information to
the businesses…a win-win situation. There are considerations to create a 400-level
graduate course as well as mini-MBA Executive Education course focused on the needs
of next generation management members of family-owned businesses.
f. Family-Owned Business Awards Luncheon: The FBC, in conjunction with the
Orange County Business Journal, held the 9th annual awards luncheon in November,
2008. It was attended by approximately 350 people. Publicity and awareness were
achieved through OCBJ and our own public relations efforts, press releases, etc. This
has become one of the FBC’s strongest marketing tools and will be continued. The
benefit is to grant each of the five winners a free one-year’s membership in the
Council. Thirty three percent of the awardees renew their membership. FBC currently
receives a contribution of $5,000 from the OCBJ and $2000 in kind for tables.
g. Endowment: The council completed the raising of $1.45 million towards the
required sum of $1.5 million to fund an Endowed Chair in Family Business. The College
hired Dr. Tom Schwarz from Grand Valley State University, Michigan to become the
Rick Muth Family Chair in Family Business.
h. Membership Survey: Results of recently completed survey of our Council members
confirms that they view the Council very favorably, especially for providing
information in the workshops and interaction with other members.
May 2009 Member Survey
Mean* The relationship between the Executive Director and the Members The relationships between members: Member to Member The monthly workshops The overall value of the Family Business Council to you and your business The affinity groups The relationships between the Partners/Sponsors and the Members The Sponsors/Partners University sponsored events (example: Front & Center) •
Means: items were scored on a 1‐5 scale, 5 being best. 4.48 4.28 4.26 4.26 4.13 4.00 3.90 3.67 Data Analysis by Ed Cox PhD. 4/11/2009 Mihaylo College of Business and Economics Annual Report - 2009
Section B5: Centers of Excellence/ Family Business Council
98
2008-09 Mihaylo College of Business and Economics Annual Report
Section B5: Centers of Excellence
Projects plan for the 2009-2010:
a. Membership: Increase Council membership to 50 members within the next year.
The Advisory Board membership committee’s goal is to increase awareness of the
Council and acquire new members. The major strategy to increase membership is
referrals by Members and Partners, with e-mail, phone and personal follow- up by
the Director and staff. We plan to obtain prospects from our sponsoring partners,
by providing a special incentive plan to the Partners.
b. Affinity Groups: to add value to members and assist in the retention of members.
The Council plans to add one or more groups per year.
c.
Website: Working with the University, FBC will update this website to be more
informative and interactive. The site has been highly promoted to our partners and
our members. We constantly explore ways to increase visibility on the internet for
more family businesses to see.
d. Funding: The annual operating budget for the Council is $150,000. Funding for
the Council comes from members and partners and affinity groups. Each Partner
provides $10,000 per year to help underwrite the Council’s operations.
Membership is $2800 a year. FBC currently receives $5000 from the awards
luncheon. An in-kind contribution (office space, utilities etc.) from CBE is $5,500.
e. Family-Owned Awards Luncheon: The 10th Annual Award Luncheon will be held
November 19, 2009. The goal is to increase the number of nominees, attendees
and financial contribution from the Orange County Business Journal.
f. Director: The director will continue to meet individually at least once a year with
each member and partner to strengthen relationships with the Council and the
Mihaylo College of Business and Economics. The objective is to obtain feedback on
the workshops, develop referrals for other family-owned business prospects and to
lay the ground work for contributions to further endow the Center.
g. Workshops: The Council will continue to provide monthly workshops. These
workshops are the Council’s primary “product” in that they provide meaningful
information to help the members be more successful and to share with each other
their experiences leading to the well-being and continuity of family business.
Ms. Judy Harman started the Council in 1994 and was Director for five years. Currently
retired, she remains on the Advisory Board. Mike Trueblood was appointed Director in 1999.
He can be reached at (657-278-7431). Office is located in SGMH 5184
Mihaylo College of Business and Economics Annual Report - 2009
Section B5: Centers of Excellence/ Family Business Council
99
2008‐09 Mihaylo College of Business and Economics Annual Report
Section B5: Centers of Excellence
Family Business Council
REVENUES
Category
Reporting Period:2008-2009
Funds
1) University appropriations - (Centers Only)
(federal, state, or local)
$
2) Government Grants & Contracts - (Centers Only)
Research
$
Other (e.g., Small Business Development Center or funds from
reimbursable programs/activities)
$
3) Private Contracts
Research
$
Other
$
(e.g., payment for training, public service or other services rendered)
4) Private Gifts
Cash
In-kind
Membership fees
Sponsorships
Capital Gifts
Scholarships
Restricted
Unrestricted
Restricted
Unrestricted
5,000.00
4,000.00
85,400.00
60,000.00
$
$
5)) New Endowments
a) Cash
b) Planned Gift
c) Estate Gift
$
$1,293,555.57
6) Endowment Income
$
Total Revenues
154,400.00
EXPENDITURES
Category
Salary (salary supplements)
Release Time
Grants Made
Research
Scholarships
Travel
Other (specify)
Telephone Charges
Office supplies
Technology & related expenses
Dues & Subscriptions
Foundation Charges, Interest
Other (specify) monthly workshop
Total Expenditures
Mihaylo College of Business and Economics Annual Report - 2009
Section B5: Centers of Excellence/ Family Business Council
Funds
95,000.00
$
$
$
1,500.00
$
$
$
3,500.00
1,500.00
1,500.00
9,000.00
30,000.00
142,000.00
100
2008-09 Mihaylo College of Business and Economics Annual Report
Section B5: Centers of Excellence
Family Business Council
Evaluation Recap 2008-2009 (10 Point Scale)
16-Sep-08 "Leaving a Legacy… How will your story be written"
Presenter: Douglas Freeman
Rating: 9.28
14-Oct-08 "Multi-Genernational issues in the Family Business"
Presenter: Mary McKay
Rating: 8.5
5-Nov-08 "The Basic of Estate Planning and Tax Implications"
Presenter: Resnicks and Associates
Rating: 8.9
10-Dec-08 "Husbands and Wives working together"
Presenter: panel discussion- JoAnne Norton Moderator
Rating: 9.5
10-Jan-09 "How to Protect the Bloodline of your Estate"
Presenter: Alan Haft
g 6.75
Rating:
11-Feb-09 "Business Dilemna; When to tell the kids what they're worth"
Presenter: Dana Telford
Rating:9.1
17-Mar-09 Expanding the Family Business… While perserving the family culture"
Presenter: Bob Sigur
Rating: 9.1
15-Apr-09 Trial Tested in the Trenches
Presenter: panel discussion- Peg Eddy
Rating: 9.0
12-May-09 Sibling Summit
Presenter: panel discussion- Joanne Norton
Rating: 8.5
2008-2009 Overall Rating: 8.7
2007-2008 Overall Rating: 8.7
2006-2007 Overall Rating: 8.7
2005-2006 Overall Rating: 8.6
Mihaylo College of Business and Economics Annual Report - 2009
Section B5: Centers of Excellence/ Family Business Council
101
2008-09 Mihaylo College of Business and Economics Annual Report
Section B5: Centers of Excellence
Forum for Advanced Security Technologies
Faculty Members
Rahul Bhaskar, Bhushan Kapoor
Major Projects, Intellectual Activities, Special Presentations Undertaken 2008-09
•
•
•
•
•
•
The Center and its members actively developed a relationship with Kaiser Permanente to
help them identify and develop solutions to security issues related to their Health care
record systems.
• Faculty Rahul Bhaskar, Bhushan Kapoor, Jenny Zhang
• Students Bradley Burns
• Funding $ 26,000 dollars worth of software including Mathematica and Neural
Networks
In the last few months the Center has established a relationship with a regional
Biotechnology company to identify and develop a solution to their information
management security needs. This will require the development of a ‘road map’ to analyze
and secure customer databases and date warehouse of the organization.
Developed and taught Geographical Information System Course (ISDS 563) and its
applications to business strategy planning including business continuity and information
security management applications.
Conceived, Developed, and presented to the MCBE senate for approval, Information
Security and Privacy Course (ISDS 418)
The Center and its goals and activities have been show cased and knowledge shared by
presenting to the following organizations. The names of the organization are listed below.
• The United States Army
• National Institute of Justice
• Kaiser Permanente
• Invitrogen Inc.
The faculty of the Center is supporting journals in the area of security and privacy. One
of the faculty (Rahul Bhaskar) is serving as an associate editor for journal on privacy and
Information Security.
The Center continues to disseminate knowledge related to information management and
security by presenting our research to the organizations in the region.
Planned Projects and Major Activities Anticipated for 2009-10
1. To continue to work with the regional industry and government entities to provide
knowledge based solutions on the security issues. This may include computer security,
business continuity planning etc.
2. To help the local businesses with analysis services to perform ‘data mining’ related to the
security issues.
Mihaylo College of Business and Economics Annual Report - 2009
Section B5: Centers of Excellence/ Forum for Advanced Security Technology
102
2008-09 Mihaylo College of Business and Economics Annual Report
Section B5: Centers of Excellence
3. To utilize modeling techniques such as Conjoint Analysis and Neural Networks to develop
and offer a software solution, supported by related processes, to the present and future
clients of the Center.
4. Goals 2 and 3 will help to bring revenue. The Center plans to apply for various grants on
an ongoing basis to fund its activities.
5. The Center also plans to continue with the practice of setting up relationships with the
local, state and national organizations engaged in security and law enforcement.
Planning
The long term needs of the community that California State University-Fullerton, California
State University System, and the Mihaylo College of Business and Economics, serves will
continue to include security technologies and information management security. The businesses
of the areas served by our University continue to depend on business continuity planning,
cyber security implementation, and security oriented computer technologies. These
dependencies will guide the strategy of the center. Center and its members shall continue
i)
To provide knowledge based solutions to local, regional, national, and
international businesses.
ii)
To provide mentorship to inculcate a habit of intellectual inquiry
iii)
To provide training in the use of advanced technologies to the students and
interested community members
iv)
To prepare students for challenging professions
v)
To develop new technologies and innovations to secure computers in an
organization
Mihaylo College of Business and Economics Annual Report - 2009
Section B5: Centers of Excellence/ Forum for Advanced Security Technology
103
2008-09 Mihaylo College of Business and Economics Annual Report
Section B5: Centers of Excellence
The Institute for Economic and Environmental Studies
Mihaylo College of Business and Economics
Co-Director: Dr. Jane Hall jhall@fullerton.edu
1. Mission
The Institute for Economic and Environment Studies (IEES) issues economic forecasts and
regional economic analyses, provides policy advice on economic and environmental issues,
and conducts research in related areas. The Institute undertakes independent studies and
engages in sponsored research with private and public entities in the areas of its focus. It
seeks funding for research and training; conducts research projects; issues research
reports; sponsors conferences and workshops; and presents studies and reports of interest
to the business, government, academic and general communities. The objective is to
facilitate effective public and private decision-making related to significant economic and
environmental issues. Whenever possible, the Institute’s activities are structured to allow
the participation of graduate and undergraduate students at Cal State Fullerton.
The Institute supports the mission of the Mihaylo College of Business and Economics and the
larger University to create and disseminate knowledge and information to the wider
community and to provide research opportunities to faculty and students, fostering
collaboration and “hands-on” experience.
2. Institute Activities
IEES continued to seek and receive grants from both private and public sources. Subjects
ranged from continuing updates of a leading economic indicator for Southern California,
the economic forecast, and assessing the economic consequences of air pollution in the
South Coast Air Basin and the San Joaquin Valley 1 .
Several affiliated faculty received grants or contracts intended to address public policy
questions, and the county contract for economic forecasts was also continued. Once
funded, project budgets are managed by the CSUF Auxiliary Services Corporation and
are not part of the IEES budget.
The annual fall Economic Forecast Conference and the spring update were again
presented, in partnership with the Orange County Business Council. Evaluations continue to
be strongly positive, and attendance and participation is robust.
Both co-directors participated (an on-going activity) in various press events, including the
Orange County Register’s semi-annual Business and Economics Round-Table, resulting in
continuing press coverage. Work regarding the economic impact of air pollution in the
1 Hall, J, V. Brajer and F. Lurmann, “Measuring the gains from improved air quality in the San Joaquin Valley, 2008,
Journal of Environmental Management.
Hall, J, V. Brajer and F. LurmannThe Benefits of Meeting Federal Clean Air Standards in the South Coast and San Joaquin Air
Basins, 2008, Institute for Economic and Environmental Studies at California State University Fullerton, research funded by
the William and Flora Hewlett Foundation.
Mihaylo College of Business and Economics Annual Report - 2009
Section B5: Centers of Excellence/ Institute for Economic and Environmental Studies
104
2008-09 Mihaylo College of Business and Economics Annual Report
Section B5: Centers of Excellence
South Coast Air Basin and San Joaquin Valley continues to be cited extensively, both in
news articles and editorials. In late 2008, it was the subject of national and international
press coverage. The Forecast also received significant press coverage in both the Los
Angeles Times and the Orange County Register, as did the update of economic indicators.
The Forecast also received significant electronic media coverage.
Updates of the IEES website are also continuing, with expanded faculty biographies,
increased links to research results and the initiation of a question and answer column.
3. Short-Term Goals (for next two to three years)
The primary goal of the next year will continue to be increasing the involvement of faculty
in applied research grants. A core group of faculty is already active in writing successful
intra-mural grant proposals and publishing research results in journals, an expanding
group is now successful in seeking external funding. Some are sought out by private and
public agencies to conduct work in their areas of expertise. Increasing the number of
active faculty and both graduate and undergraduate students will be a primary goal.
The nature of most IEES research is such that we cannot plan ahead regarding precisely
which opportunities we will pursue because we typically respond to RFPs, or to informal
solicitations from funding sources.
A second key goal is to maintain the reputation of IEES in the wider community as a source
of unbiased and carefully researched information on the regional economy and related
policy issues. The forecast and economic indicators will continue to be important parts of
this effort, as will the Register Round-Table. Increasingly, local reporters contact an
expanding roster of IEES faculty for comment or help in understanding current economic
issues, and one goal is to maintain and expand these relationships.
4. Budget/Financial Statement*
There is no summary budget. The Forecast operates from the MCBE Dean’s office, and
each project operates on a separate budget through the Auxiliary Services Corporation
(formerly the CSUF Foundation). *Grants and contracts budgets are managed by the Auxiliary
Services Corporation and are not part of the IEES operating budget.
Mihaylo College of Business and Economics Annual Report - 2009
Section B5: Centers of Excellence/ Institute for Economic and Environmental Studies
105
2008-09 Mihaylo College of Business and Economics Annual Report
Section B5: Centers of Excellence
The Real Estate and Land Use Institute
Contact Information:
Michael LaCour-Little, (714) 278-4014 mlacour-little@fullerton.edu
Donald J. Valachi, (714) 278-7953 dvalachi@fullerton.edu
Overview of the Real Estate & Land Use Institute
The Real Estate & Land Use Institute is the 23-campus California State University System's applied
research and professional education center for real estate and urban land use. The California
State University, Fullerton branch (CSUF RELUI) was established in 1996 in the College of Business
and Economics (CBE).
The goals of the CSUF RELUI are to promote real estate education and foster the growth of
knowledge in real estate related fields. During the tenure of Professor Ko Wang, the CSUF RELUI
also hosted two journals: Journal of Real Estate Research (the official journal of the American Real
Estate Society) and International Real Estate Review (the official journal of the Asian Real Estate
Society), both of which were edited by Professor Wang. This activity is being phased out with
Professor Wang’s permanent departure in fall 2008. As a result, the RELUI has one fewer grad
student position available to assist with web site maintenance and related tasks.
The CSUF RELUI also provides scholarships for real estate students and helps organize activities
for the student Real Estate Association. During 2006-2007, the CSUF RELUI formed an Advisory
Board help to help guide the direction of the center in the future. During 2008-2009, the
Advisory Board did not add any new members. Given the difficult economic conditions prevailing,
requesting new time or financial commitments from industry representatives appears
inappropriate. The Advisory Board had previously identified five major areas of focus for the
RELUI: Research, Curriculum, Reputation, Placement, and Outreach. The Advisory Board also
endorsed a web-based strategy for dissemination of information about RELUI activities. We
continued to execute on this strategy during 2008-2009.
The summary of activities in the next section places each in the context of these five major
organizational goals and the strategy of using web-based approaches.
Mihaylo College of Business and Economics Annual Report - 2009
Section B5: Centers of Excellence/ The Real Estate and Land Use Institute
106
2008-09 Mihaylo College of Business and Economics Annual Report
Section B5: Centers of Excellence
Activities 2008-2009
Research
• The database on Orange County housing and mortgage transactions described in earlier
reports continues to be used for a variety of research topics of interest to the local
community. As an example, Professor LaCour-Little received lead article coverage in the
business section of the Orange County Register (Feb 8, 2009) for one such study and
continues to use the data as a basis for a variety of professional presentations.
•
Department faculty continues to present and publish academic research on various real
estate topics (see Appendix for summary list of publications, both academic and industryoriented).
Curriculum
• A total of 600 students enrolled in real estate classes over the academic year. (See
Graph1 in Addendum for longer term enrollment trends). Enrollments are down in part to
the state budgetary constraints that have caused the MCBE to reduce class sections,
particularly sections of Finance 351, the introductory class that brings most students into
the field. Continued reduction in class sections offered will damage the program and
possibly reduce state funding that is a function of student enrollment levels.
•
Faculty continued the integration of ARGUS Software into the curriculum and conducted a
very successful training program for students wishing to become certified in ARGUS. In
addition, ARGUS software will be available in all Mihaylo Hall computer labs and
classrooms starting in fall 2009.
•
Center personnel continued to exploit the local market data, extracting information on
multifamily sales during 2008 for use in our one graduate level course, Seminar in Real
Estate Investments.
Reputation
RELUI continues to develop strategic alliances with real estate organizations in Southern
California, such as Lambda Alpha, The Real Estate Research Council of Southern California, the
Building Industry Association of Orange County, the Institute of Real Estate Management, the
Urban Land Institute, and the Society of Industrial and Office Realtors.
As a result of these outreaches activities, Professor LaCour-Little was recognized by the local
chapter of the Institute of Real Estate Management as Academic Member of the Year for 2008.
In October 2008, the RELUI hosted its first recent public event in Mihaylo Hall, entitled Symposium
on the Housing Market. The event was well-attended with standing room only at some points with
two panels of experts, including members of the Advisory Board, discussing current market
conditions.
During March 2009, Mihaylo Hall also hosted a meeting of Lambda Alpha – Orange County.
Lambda Alpha is an honorary society for those in real estate and land economics.
Mihaylo College of Business and Economics Annual Report - 2009
Section B5: Centers of Excellence/ The Real Estate and Land Use Institute
107
2008-09 Mihaylo College of Business and Economics Annual Report
Section B5: Centers of Excellence
Placement, including Student Support
• Students from CSUF participated in the third annual Job Shadowing Day organized by the
Institute of Real Estate Management, Orange County.
•
The local chapter of Commercial Real Estate Women (CREW) will hold its second annual
event for women students interested in careers in commercial real estate later in 2009.
CREW Scholarship winner Sarah Gall will be interning with CBRE this summer.
•
Industry representatives from major real estate firms addressed meetings the student-run
Real Estate Association.
•
RELUI continued to administer scholarship funds provided by the Real Estate Education
Endowment Fund to support students from economically disadvantaged families, and will
have disbursed approximately $10,000 in scholarship funds during 2008-2009.
•
In addition, the Newmark Knight Frank scholarship disbursed one $1,000 merit-based
scholarships during 2008-2009.
•
RELUI is working with the Society of Industrial and Office Realtors to develop a scholarship
program for students interested in careers in commercial brokerage.
Outreach
RELUI continued to develop strategic alliances with real estate organizations in Southern
California, including Lambda Alpha, the Institute of Real Estate Management, and the Society of
Industrial and Office Realtors. During 2009 we hope to further collaborate with the Urban Land
Institute and host an event to connect its Young Leaders group to students at CSUF.
Funds Received
The Institute received $18,200 in 2008 from the State of California Real Estate Education
Endowment Fund and expects to disburse $14,000 of that amount in scholarships in 2008-2009,
carrying over the balance to next year. In addition, the Institute received a $10,000 Program
Improvement Grant from Sacramento, which amount will cover the annual subscription to Data
Quick ($1,500); ARGUS training and materials ($4,500), and miscellaneous other costs, including
student support.
Planned Projects or Major Activities for 2009-2010
RELUI plans to continue to host public programs on real estate topics at Mihaylo Hall as suitable
opportunities and topics arise. The hope is to again offer the training sessions in ARGUS for
students, subject to Real Estate Education Endowment Program Improvement Grant funding. The
expansion of the real estate curriculum is on hold due to state budget constraints. During 2009
further collaborate is planned with the Urban Land Institute and host an event to connect its Young
Leaders group to students at CSUF.
Potential Opportunities
The opportunity to leverage Mihaylo Hall facilities during intercession periods by expanding
ARGUS training to the external market with fee income subsidizing student enrollments will be
explored.
Mihaylo College of Business and Economics Annual Report - 2009
Section B5: Centers of Excellence/ The Real Estate and Land Use Institute
108
Appendix
Real Estate Course Enrollments (Graph1)
List of Publications (Industry and Academic)
Web Site Traffic Reports
Graph1: Real Estate Course Enrollment over Time
Real Estate Class Enrollment
800
700
600
346
350
341
460
382
296
242
500
Students 400
Spring
27
43
64
Summer
32
35
0
Fall
2001
2009
2000
276
1999
292
343
169
283
143
309
321
312
299
110
2008
45
27
40
100
167
138
200
58
207
300
Mihaylo College of Business and Economics Annual Report - 2009
Section B5: Centers of Excellence/ The Real Estate and Land Use Institute
2007
2006
2004
2005
Year
2003
2002
0
109
2008-09 Mihaylo College of Business and Economics Annual Report
Section B5: Centers of Excellence
List of Publications
Industry-Oriented Publications
Valachi, Don. “Why Tax-Deferred Exchanges May Not Always be Advantageous for Apartment
Investors,” Apartment News (August 2008). (A slightly modified reprint of “Exchange Your
Strategy: Investor’s Should Consider Alternatives to 1031 Transactions,” which was originally
published in Commercial Investment Real Estate, with permission from the publisher.)
Valachi, Don. “Exchange Your Strategy: Investors Should Consider Alternatives to 1031
Transactions,” Commercial Investment Real Estate (November/December, 2008).
Valachi, Don. “Tax Planning for Maintenance Expenses, Repairs, and Capital Improvements,”
Apartment News (November 2008).
Valachi, Don. “2008 in Review: Apartment Sales Summary for Orange County, Apartment News
(April, 2009).
LaCour-Little, Michael. “Perspectives on the Regulators and the Rating Agencies”. The Orange
County Realtor, Volume 1(4):28-29.
Valachi, Don. “2008 in Review: Value Indicators for Orange County Apartment Sales,” Apartment
News, forthcoming.
Valachi, Don. “2000-2008 in Review: Apartment Sales Summary for Orange County,” Apartment
News, forthcoming.
Valachi, Don. “2000-2008 in Review: Value Indicators for Orange County Apartment Sales,”
Apartment News, forthcoming.
Academic Publications
Fortowsky, Elaine, Michael LaCour-Little, Eric Rosenblatt, and Vincent Yao. “Housing Tenure and
Mortgage Contract”. The Journal of Real Estate Finance and Economics, forthcoming.
LaCour-Little, Michael, Eric Rosenblatt, and Vincent Yao. “Home Equity Extraction by Homeowners:
2000-2006”. Journal of Real Estate Research, forthcoming.
LaCour-Little, Michael. “The Pricing of Mortgages by Brokers: An Agency Problem?” Journal of
Real Estate Research, forthcoming.
Coleman, Major, Michael LaCour-Little, and Kerry Vandell. “Subprime Lending and the Housing
Bubble: Tail Wags Dog?” Journal of Housing Economics 17(4): 272-290, 2008.
LaCour-Little, Michael and Cynthia Holmes. “Prepayment Penalties in Residential Mortgage
Contracts: A Cost-Benefit Analysis” Housing Policy Debate 19(4): 631-674. 2009.
LaCour-Little, Michael. “Mortgage Termination Risk: A Review of the Recent Literature”. Journal of
Real Estate Literature 16(3): 297-326, 2008.
Mihaylo College of Business and Economics Annual Report - 2009
Section B5: Centers of Excellence/ The Real Estate and Land Use Institute
110
2008-09 Mihaylo College of Business and Economics Annual Report
Section B5: Centers of Excellence
Papers Currently in Review
LaCour-Little, Michael and Jing Yang. “Pay Me Now or Pay Me Later: Alternative Mortgage
Products and the Mortgage Crisis” Submitted to Real Estate Economics 2008, revised and
resubmitted Jan 2009.
LaCour-Little, Michael and Steven Malpezzi. “Gated Streets and House Prices”. Submitted to
Journal of Housing Research 2007, revised and resubmitted, Dec 2008.
Conference Papers
LaCour-Little, Michael, Eric Rosenblatt, and Vincent Yao. “Follow the Money: A Close Look at
Recent Southern California Foreclosures”. Accepted for presentation at the Midyear Meeting of
the American Real Estate and Urban Economics Association, Washington, D.C. June 2009.
LaCour-Little, Michael, Richard Green and Yun Park. “Parameter Stability and the Valuation of
Mortgages and Mortgage-backed Securities”. Paper presented at the annual American Real
Estate Society Meeting, Monterey, CA, April 2009; also presented at the Europlace Institute of
Finance Financial Risks International Forum, Paris, March 2009; submitted to the 2009 Financial
Management Meeting.
LaCour-Little, Michael and Jing Yang. “Pay Me Now or Pay Me Later: Alternative Mortgage
Products and Housing Consumption”, Paper presented at the Midyear AREUEA Meeting,
Washington, DC, May 2008; AsRES Meeting, Shanghai, China, July 2008; AREUEA Meetings Jan
2009; also submitted to the 2009 Financial Management Meeting.
Mihaylo College of Business and Economics Annual Report - 2009
Section B5: Centers of Excellence/ The Real Estate and Land Use Institute
111
Mihaylo College of Business and Economics Annual Report - 2009
Section B5: Centers of Excellence/ The Real Estate and Land Use Institute
112
Mihaylo College of Business and Economics Annual Report - 2009
Section B5: Centers of Excellence/ The Real Estate and Land Use Institute
113
2008-09 Mihaylo College of Business and Economics Annual Report
Section B5: Centers of Excellence
The Sales Leadership Center
Name of the center or institute and contact information:
The Sales Leadership Center
Cal State Fullerton
Mihaylo College of Business and Economics
(714) 278-4652
SLC@fullerton.edu
SGMH 5357B
P. O. Box 6848, Fullerton, CA 92834-6848
Christopher T. Kondo, Ph.D.
Director, The Sales Leadership Center
Full-time Faculty, Department of Marketing
(714) 278-2527
ckondo@fullerton.edu
SGMH 5230
List of major projects undertaken during 2008-09. Show project title, funding source (if externally
funded):
•
•
•
•
•
•
•
•
Launched SLC August 2008
Developed and introduced full set of “marketing” materials including handouts,
presentations, etc., for various audiences
Established website (www.fullerton.edu/sales)
Built e-mail distribution list now approaching 1,000 students
Presented SLC PowerPoint presentation in all marketing classes
Offered Certificate of Professional Sales twice and awarded certificates at reception in
Spring 2009
Offered three general student programs
Established SLC office (SGMH 5357B)
Funding sources included: corporate sponsors, Dean’s office, and Department of Marketing
Intellectual product and/or special presentations and events:
•
•
•
•
One sales oriented article submitted for publication (Dr. Allen Broyles lead author)
Presented SLC: Executive Council, Dean’s Advisory Board, LBSA, AMA meetings, Cal State
Fullerton Days
Featured on CSUF homepage and in Indicator article
Displayed in TSU
Mihaylo College of Business and Economics Annual Report - 2009
Section B5: Centers of Excellence/ The Sales Leadership Center
114
2008-09 Mihaylo College of Business and Economics Annual Report
Section B5: Centers of Excellence
Funds received – amounts and sources:
Secured six corporate sponsors:
Type
In Kind
Company
Orange Label Art +
Advertising
In Kind
Donation
•
Logo and brand development. Estimated
value of work: $18,000.
Playbook Consulting
•
Development of Certificate of Professional
Sales course.
Cash & In Kind
mUrgent
•
•
Cash sponsor: $5,000 received 10/10/08
E-mail marketing. Estimated value:
$10,000.
Cash
Nestle USA
•
•
Cash sponsor: $5,0000 received 12/18/08
(Note: this is the second $5,000 donation
received from Nestle.)
Cash
Automatic Data Processing
•
Cash sponsor: $5,000 received 12/18/08
Cash
Liberty Mutual
•
Cash sponsor: $3,000 received 3/13/09
Planned projects or major activities anticipated for 2009-10:
•
•
•
•
•
•
•
•
Offer one program/networking event per month during school year
Offer Certificate of Professional Sales program three times
Send one student sales team to one competition
Build number of corporate sponsors from six to ten
Offer five scholarships
Apply for one grant
Build awareness of marketing courses that support sales careers
Join University Sales Center Alliance and/or University Sales Education Foundation
Mihaylo College of Business and Economics Annual Report - 2009
Section B5: Centers of Excellence/ The Sales Leadership Center
115
2008-09 Mihaylo College of Business and Economics Annual Report
Section B5: Centers of Excellence
Small Business Development Center
Contact: Jesse Torres, Director • JesseTorres@fullerton.edu • (714) 278-5168
Background
In 2003, California State University, Fullerton proposed and received the contract from the U.S.
Small Business Administration for the Lead Small Business Development Center (SBDC). The Lead
SBDC administers the contract on behalf of the SBA and oversees three SBDCs in the Santa Ana
region, which includes Orange, Riverside and San Bernardino Counties. The centers are as
follows: Inland Empire SBDC, Orange County SBDC and Tritech SBDC.
The contract was awarded on July 1, 2003 for an initial six month period and has been renewed
on an annual basis. The contract has been renewed for Calendar Year 2009. The current
federal funding is $1,793,315 with a revised CY 2009 budget currently pending for
$2,028,118. A proposal for 2010 will be submitted in September 2009. A one-to-one match of
federal funds are required with cash and in-kind match support coming from community groups,
lenders, and host partners, including Rancho Santiago Community College District, Riverside
Community College District and the Inland Empire Economic Partnership.
Objectives
The purpose of the SBDC is to provide technical assistance and training to small business owners
and aspiring entrepreneurs in the Santa Ana District. More than 11,600 counseling hours to small
business were provided and more than $47M in documented Economic Impact by the Santa Ana
Regional SBDCs in calendar year 2008.
The SBDC’s objectives are to:
1. Provide consulting and technical support to existing and start-up businesses on improving
operations for profitable growth.
2. Facilitate and organize speaker series, open forums, workshops and structured networking
opportunities to inform and promote entrepreneurial education, and train entrepreneurs to
efficiently manage their resources and improve their business skills.
3. Provide advice and support to existing businesses on best practices that develop
entrepreneurial business skills, improve venture operations, and help entrepreneurs find needed
resources for profitable growth.
4. Provide advice and support for activities that help student and alumni entrepreneurs in starting
and operating new ventures.
5. Support research in entrepreneurship, information archiving, contact database development,
and information dissemination via the Internet.
6. Support the Mihaylo College entrepreneurship initiatives programs by providing access to
informative workshops and opportunities for alumni and students to engage with thriving
businesses and business owners in the Santa Ana region.
Mihaylo College of Business and Economics Annual Report - 2009
Section B5: Centers of Excellence/ Small Business Development Center
116
2008-09 Mihaylo College of Business and Economics Annual Report
Section B5: Centers of Excellence
Operations
In accordance with the SBDC’s entrepreneurial culture, the Center is self-supporting. It seeks
federal, state, local, corporate, and foundation support for its operations. The SBDC’s
operational strategies are high touch, wide network and professional depth. The SBDC’s
objectives support CBE Program Quality -- objectives 1, 6, 7, and 8. They also support Balancing
Theory and Practice – Goals 2 and 3.
Advisory Board
In accordance with federal regulations, the Lead SBDC has an advisory board. Its members for
2008-2009 include: Jill Andrews, U.S. SBA, Santa Ana District, Lead Bus. Dev. Specialist; Nancy
Decou, Desert Community Bank, VP & SBA Loan Officer; John Didion, Rancho Santiago Com.
College District, Executive Vice Chancellor; Dmitry Khanin, Ph.D., CSUF Mihaylo College,
Professor & SBDC PI; Alice Lei, Nightingale Technologies, Principal; Vincent McCoy, Inland
Empire SBDC, Director; Mark Mitchell, Tritech SBDC, Director; Leila Mozaffari, Orange County
SBDC, Director; Betty Otte, SCORE, District Director; Linda Pinson, Out of Your Mind & Into the
Marketplace, Principal; Adalberto Quijada, U.S. SBA, Santa Ana District, Director; Nancy
Russell, Comerica Bank, VP & Regional Sales Manager; Stacey Sanchez, SoCal Reinvestment
CDFI, Executive Director; Jeff Sceranka, Enterprise Funding Corporation, Principal; Curt Stanley,
Adventures in Advertising, Principal; John Tillquist, Riverside Community College District, Dean of
Economic Development; Jesse Torres, Santa Ana Regional SBDC Network, Director; and Larry
Trujillo, Ryan Tyler Group, Principal.
Accomplishments
• In 2008, the Santa Ana SBDC Network served 3,023 business owners, provided 11,645 hours
of counseling, trained 7,113 entrepreneurs, helped to create or retain more than 800 jobs in
our region and delivered an economic impact of more than $47M, including loans and equity
capital raised.
• Our centers moved quickly to respond to the economic crisis by facilitating “Business Survival”
workshops in Inland Empire and Orange County and participating in the “Tiger Team” initiative
launched by the SBA Santa Ana Office to provide rapid response assistance to distressed
businesses.
• Each year, the SBA Santa Ana District Office honors a distinguished group of small business
owners and resource partners as part of National Small Business Week. For the 46th Annual
Small Business Week Awards taking place on June 4, 2009, our Orange County SBDC will be
recognized as a Distinguished Center of Excellence for its achievements in 2008.
• The Orange County SBDC in partnership with the Center for International Trade Development
(CITD), established a Youth Entrepreneurship Program with the support of the Economic and
Workforce Development funding from the California Community Colleges (COCC). The program
introduces young adults into a structured training and counseling program for developing and
presenting a business plan.
Mihaylo College of Business and Economics Annual Report - 2009
Section B5: Centers of Excellence/ Small Business Development Center
117
2008-09 Mihaylo College of Business and Economics Annual Report
Section B5: Centers of Excellence
Goals
The following are the milestones and planned activities for the 2009 Calendar Year. The primary
funding source for the SBDC Program is the U.S. Small Business Administration and it has a focus
upon long-term, economic impact-based milestones.
• Lead Center to facilitate
entrepreneurship related workshops for
the benefit of alumni, students, SBDC
clients and prospective SBDC clients at
the Mihaylo College of Business and
Economics
Milestones for 2009
Category
Total Counseling Hours
Extended Engagement Cases
New Business Starts
Capital Infusion
Attendees Trained
Training Events
Goal
11,162
600
81
$23.5M
5,330
253
• Lead Center to produce webinars on
timely topics such as social media marketing, cleantech entrepreneurship and business
bootstrapping for the benefit MCBE alumni and students, SBDC clients and prospective SBDC
clients
• Service centers to ramp up the number of counseling hours in 2009 through better use of online
counseling tools, conversion of training attendees into counseling clients and through direct
outreach to small business owners and entrepreneurs in underserved communities in Orange
County and Inland Empire
• SBDC Network to increase its visibility and awareness in the community by reaching out to new
partners and enhancing current relationships with local, state and federal government agencies
and corporations.
Mihaylo College of Business and Economics Annual Report - 2009
Section B5: Centers of Excellence/ Small Business Development Center
118
2008-09 Mihaylo College of Business and Economics Annual Report
Section B5: Centers of Excellence
AACSB Financial Data Report
SBDC Center for Excellence
REVENUE
Category
1) • University appropriations
(federal, state, or local), IDC Waiver
2) • Government Grants & Contracts
Research
Other
(Small Business Development Center,SBI,
or other funds from reimbursable activities)
Funds
0
$ ___________
1,742,959
Total
1,742,959
3) • Private Contracts
Research
$ ___________
Other
$ ___________
(payment for training, public service or other services rendered)
Total
4) • Private Gifts & Contracts
Cash
In-kind
Membership fees
Capital Gifts
Scholarships
5) • Endowments
a) Cash
b) Planned Gift
c) Estate Gift
978,092
836,522
$ ___________
$ ___________
$ ___________
total
1,814,614
1 814 614
$ ___________
$ ___________
$ ___________
total
3,557,573
6) • Endowment Income
Endowment
Amount Rec'd
$ ________
EXPENDITURES
Category
Salary
Release Time
Grants Made
Research
Travel
Other (specify)-Contract Services
Telephone Charges
Office supplies
Technology & related expenses
Dues & Subscriptions
Foundation Charges, Interest
Other (specify)-Operating Expenses
Space, Administrative costs, rent
TOTAL EXPENDITURES
Mihaylo College of Business and Economics Annual Report - 2009
Section B5: Centers of Excellence/ Small Business Development Center
$2,170,172
$ ________
$ ________
$ ________
74,520
217,193
$ ________
21,683
$ ________
$ ________
$ ________
420,027
693,155
$3,596,750
119
2008-09 Mihaylo College of Business and Economics Annual Report
Section B5: Centers of Excellence
Small Business Institute
Please see the Center for Entrepreneurship report here, for details on the Small Business Institute.
Financial information for the Small Business Institute is on the next page.
Mihaylo College of Business and Economics Annual Report - 2009
Section B5: Centers of Excellence/ Small Business Institute
120
2008-09 Mihaylo College of Business and Economics Annual Report
Section B5: Centers of Excellence
AACSB Financial Data Report
Small Business Institute
Reporting Period: July 1, 2008 through June 30, 2009
REVENUE
Category
1) • University appropriations
(federal, state, or local)
2) • Government Grants & Contracts
Research
Other
(Small Business Development Center,SBI,
or other funds from reimbursable activities)
Funds
$ ___________
$ ___________
$ ___________
Total
3) • Private Contracts
Research
$ ___________
Other
$ ___________
(payment for training, public service or other services rendered)
Total
4) • Private Gifts & Contracts
Cash
In-kind
Sponsorships (SBI Case Fees, etc.)
Capital Gifts
Scholarships
$ ___________
$ __________
$ 133,000.00
$ ___________
$ ___________
total
5) • Endowments
a) Cash
b) Planned Gift
c) Estate Gift
$ ___________
$ ___________
$ ___________
total
6) • Endowment Income
Endowment
Total Revenues
Amount Rec'd
$ ________
$ 133,000.00
EXPENDITURES
Category
Salary
Release Time
Grants Made
Research
Travel
Other (specify)
Telephone Charges
Office supplies
Technology & related expenses
Dues & Subscriptions
Foundation Charges, Interest
Other (specify)
Total Expendures
$ ________
$ ________
$ ________
$ ________
$ ________
$ ________
$ ________
$ ________
$ ________
$ ________
$ ________
$ ________
$ 133,000.00
Mihaylo College of Business and Economics Annual Report - 2009
Section B5: Centers of Excellence/ Small Business Institute
121