A newsletter from the
Portfolio
NC State College of Management
The
Management
Fall 2003
Wachovia Foundation Gives $1 Million to College
Continuing its longstanding and
generous support for the college,
Wachovia pledged $1 million to
the College of Management in
June to support student programs,
scholarships and diversity initiatives.
It is the largest single corporate
gift ever made to the college, and
is expected to have a lasting impact
on the quality of undergraduate
and graduate education for management students.
Dean Jon Bartley said he plans to
use the gift to support undergraduate scholarships and graduate fellowships that will attract and retain
outstanding students.The MBA
continued on page 3
Wachovia CEO Ken Thompson talks
with Dean Jon Bartley in Nelson Hall.
Elizabeth Chiles (’99, ’00) of PricewaterhouseCoopers, Will Lathan (’03),
of KPMG and Grant Johnston (’95, ’03) of GE Capital share a drink at the
MAC Alumni Social, held in Raleigh on May 15. The MAC Program also
held alumni functions in Charlotte and Washington, D.C., in August.
The MBA Alumni Social in April brought MSM and MBA alumni from
many classes out to Greenshield’s in Raleigh. Paul Rusello (’03) and his
wife were welcomed by the MBA Alumni Council and current students.
MBA Program
Breaks Into U.S.
News Ranking
For the first time, NC
State University’s MBA
Program has entered the
ranking of best graduate
business schools in the
nation by U.S.News & World
Report. In the 2004 list,
released April 4, the program
tied for No. 65 with George
Washington University,The
State University of New
York at Albany, Syracuse
University, and the University
Wachovia CEO Ken Thompson talks
Dr. Steve Allen and Tara Mylenski (’03)
celebrated the ranking at the MBA
Alumni Social.
of Alabama at Tuscaloosa.
Dr. Steve Allen, associate
dean of graduate programs
and research, attributed NC
State’s appearance in the
rankings to the program
name change from MSM
to MBA, a strong incoming
class and career search success for the class of 2002.
“We could not have
achieved this success without the dedicated work of
our faculty and MBA program staff,” Allen said. New
staff in the admissions and
career services areas are
helping the program
improve its student selectivity and placement initiatives.
New faculty hires in the past
three years have allowed the
continued on page 8
MBA Program
Breaks into
U.S. News
continued from page 1
MBA program to expand
its concentration offerings
in supply chain management, finance and other
disciplines.
The growth of the fulltime program at NC State
also was a contributing factor, because U.S. News
relies exclusively on data
about full-time students for
its survey. Full-time enrollment in the program grew
20 percent in fall 2002, and
is expected to grow
another 45 percent this fall.
In the U.S. News ranking, 60 percent of the overall score for each school is
derived from objective
numbers and the other 40
percent of the score comes
from reputation surveys
completed by business
school deans and corporate
recruiters.
“This was the first year
we were eligible for the U.S.
News ranking, and we are
proud to see that we came
in ahead of a number of
schools that have longestablished MBA programs,”
Allen said.“We view this as
a starting point, and we aim
to be recognized as farther
up the list in the future.”
Dr. Jon Bartley, dean
of the College of Manage­
ment, predicted that as the
college puts more resources
into its faculty and graduate
programs, this kind of
achievement will continue.
Last fall, in a separate survey,
the undergraduate business
program was ranked by U.S.
News at No. 80 among 400
accredited business schools.
2
The Management Portfolio Fall 2003
College Update From the Dean
A major contributor to the success of management education at
NC State is the close relationship
we have with the corporate world.
Through our Board of Advisors,
student internships, the Graduate
Symposium, and through other
activities, our students have real
opportunities to meet business
people, learn from them and network to build their own careers.
One of our most important corporate relations programs is the
Executive-in-Residence program,
which allows business professionals
to become a part of our college
community and to interact with
our students on a regular schedule.
Ron Doggett, our longest-serving
executive, recently agreed to spend
one more year as our Executive-inResidence. I want to recognize all
that Ron does for this college as
he redefines and elevates the role
executives play in our academic
institution.
Ron came to the college as
the retired chairman and CEO
of Goodmark Foods, known as
the maker of Slim-Jims and other
snack products. After a management career with General Mills,
Ron directed a leveraged buyout
of Raleigh-based GoodMark and
grew the company with record
earnings before selling it to food
industry giant ConAgra in 1999.
During the past three years,
Ron has shared with our students
his experience in finance, marketing, corporate strategy and mergers
and acquisitions. He lectured in
undergraduate and graduate classes,
worked with entrepreneurship
students developing business plans,
and helped develop team projects.
He advised the faculty in updating
the undergraduate accounting curriculum, and he served as a
resource to faculty on their teaching and research projects.
Ron has also been a tireless
advocate for the college in the
Triangle and N.C. business communities. Although he didn’t know
very much about our young college
when he started his role, he learned
quickly and has become one of our
biggest fans. Ron has shared his network of CEOs and executives with
our faculty and administration,
allowing us to create stronger ties
with the business community. He
has personally made major financial
commitments that are helping us
build our programs and endowments for the future.
The NC State Alumni Associa­
tion recognized Ron last fall with its
Award of Merit, an honor reserved
for non-alumni who have made
major contributions to the university. Ron earned a business degree
in his home state from Minnesota
State University, and has since
become a true friend to NC State.
On behalf of our students and
faculty, I want to thank Ron for
sharing his time, his wisdom and
his expertise with the college. It
is only with the support of friends
such as this that the college will
achieve its promise.
I also want to recognize and
thank our two other executivesin-residence. Sam Straight, former
chief of international procurement
for GlaxoSmithKline, works tirelessly with our Supply Chain
Resource Consortium to recruit
corporate members and guide
students through their extensive
projects for partner companies.
Telecommunications executive
and entrepreneur David Rendall,
serving as our entrepreneur-inresidence, is a fantastic resource for
our entrepreneurship faculty and
students and has brought his business network to us. Ron, Sam and
David are tremendous assets to
our college.
Many other professionals contribute to the college in ways that
are invaluable to our students but
require less of a commitment than
an in-residence appointment. I
hope that each of you will consider
how you too can increase your
commitment to this great public
institution.
Sincerely,
Gene Langley Jr. (NC State ’61), president of
the NC State Alumni Association, presented
the association’s Award of Merit to Ron
Doggett (right).
Jon W. Bartley (’69)
College Update / Development News
Development
Update
In the face of another economically challenging year, the college
development staff reached 98 percent of its goal and raised $3.9 million dollars in cash and deferred
gifts during the fiscal year. The total
figure includes corporate and individual gifts that support special faculty initiatives, undergraduate and
graduate scholarships in each
department, program activities, and
the college discretionary funds.
In addition to the million-dollar gifts from Wachovia and Tab
Williams (see related stories),
major contributions included the
completion of the Langdon
Distinguished Professorship
endowment and several corporate gifts to the college’s academic consortia. For the
first-time, Annual Fund contributions from alumni and friends
of the college exceeded
$100,000. Faculty and staff of
the college contributed more than
$25,000 to college accounts,
according to development officers
Bob Parries and Matt Smith.
“We were very pleased with
the outcome of our development
efforts this year,” said Parries.
“We received support from a wide
variety of people and organizations in our college community,
including major corporations, new
corporate partners, young alumni,
and our own faculty and staff.”
continued this page, right column
Wachovia Foundation Gives $1 Million, continued from page 1
Program will use part of the money
to develop enrichment programs in
areas such as leadership, team-building,
and career planning. Another part of
the gift will support minority enrollment, student organizations and
diversity initiatives that will help the
college further develop its community
of scholars and students.
In thanking Wachovia, Bartley
credited a number of alumni and
supporters at the company who were
instrumental in securing the gift: Ken
Thompson, chief executive officer
and last fall’s Wachovia Lecture Series
speaker at the college; Ben Jenkins
(’68), senior executive vice president
of general banking; Stan Kelly (’80),
senior executive vice president of
wealth management;Will Spence (’94),
president of North and South Carolina
banking; Jack Clayton, regional president for central North Carolina; David
Jolley (’70), senior vice president in
corporate and investment banking; and
Jerry Bowen (‘86), senior vice president and regional corporate banking
manager.
“Wachovia is committed to furthering education and helping tap
the vast potential in today’s students,”
said Clayton, who works closely with
NC State as the Raleigh regional
executive. “We are delighted to support NC State, a leader in providing
opportunities for achievements in
entrepreneurship and innovation.”
The gift to the college was part
of a $1.5 million grant from the
Wachovia Foundation to the university. The other beneficiaries are the
Friday Institute for Educational
Innovation and the university’s
proposed E. Carroll Joyner Visitor
Center.
In August,Wachovia executives
hosted a series of celebratory gatherings for NC State alumni, Chancellor
Marye Anne Fox, Bartley and university staff in Raleigh, Charlotte and
Winston-Salem. More than 400
NC State alumni work for Wachovia
throughout the country, and many
are active as guest speakers in classes
and with recruiting students for jobs
and internships.
Maybe A Headline Here?
Retired Central Carolina Bank President, Chairman and CEO William L. Burns (’50) visited the college
in July to see the CCB Executive Classroom. Burns and Dean Jon Bartley presented a classroom
plaque that honors CCB and Burns’ long career with the bank.
Four Executives Join
Board of Advisors
The College’s Board
of Advisors, which continues to
guide the college in strategic
planning, fund raising and program growth. During the academic year, four new executives
joined the college’s Board of
Advisors: Kevin Beasley, tax
partner, Grant Thornton LLP;
Bonnie Hancock, president,
Progress Fuels; Stuart Nisbet,
senior research and development
director, Business Intelligence
Platform, SAS Institute; and Linda
Okowita, director of human
resources, Nortel Networks.
Leadership Gifts
An anonymous donor has
added $50,000 to the Toussaint
Fund for graduate economics
studies.
Progress Energy donated
$25,000 to the Supply Chain
Resource Consortium.
The First Union Foundation
donated $20,000 toward its
$200,000 pledge for undergraduate scholarships.
Mike (’84, ’85) and Lori (’84)
Constantino added $17,000
to their endowment supporting
MAC students.
Xerox gave $10,000 to
the Center for Innovation
Management Studies.
Lewis Sheats (’01) gave
$8,000 to complete his $10,000
pledge supporting entrepreneurship education activities.
Alumni and friends, plus
matching corporate gifts, from
major accounting firms have
added more than $40,000 in
support of the accounting department: $16,605 from Ernst &
Young, $12,000 from KPMG
and $11,775 from Deloitte
& Touche.
Fall 2003
The Management Portfolio 3
Development & Program News
Business
Student Helps
Annual Fund
Make its Case
Chris Wall
Next time the phone
rings, pick up. It might be
Chris Wall calling from
NC State on behalf of the
Annual Fund. And if it is,
your conversation with
him could be a great
opportunity to re-connect
with NC State.
Wall, a rising junior
majoring in Business
Management and Informa­
tion Systems, is enthusiastic
about everything he does,
from his classes and flag
football to working at the
NC State Annual Fund.
He started work as a caller
two years ago, and has risen
through the ranks to
become the recruiting and
hiring supervisor. His work
handling payroll, interviewing prospective callers, and
helping to train and supervise new hires is good
hands-on experience that
relates to his business degree.
Wall relishes the challenges of his management
classes, and he finds talking
to alumni about giving to
NC State an equally satisfying task. “I enjoy talking to
alums because we have a
continued at right
4
The Management Portfolio Fall 2003
Williams Receives Watauga Medal in
Recognition of Endowment & Service
Thanks to generous gifts from WinstonSalem businessman Arthur “Tab” Williams Jr.
(NC State ’50) and his family, the college will
offer new scholarships to undergraduate and
graduate students. The $1.1 million endowment supporting scholarships in management
follows Williams’ many gifts to other NC
State colleges and departments. Earlier this
year, Williams received NC State’s Watauga
Medal in recognition of his many years of service and philanthropy to the university.
Williams is Chairman and CEO of the A.T.
Williams Oil Co., known as the parent company of Wilco Travel and Fuel Plazas. From
humble beginnings on a family farm, Williams
attended NC State and started his professional career as an agricultural extension
agent. After a switch to the oil business in
the 1950s, Williams started his own company
in 1963. By the late 1990s, he had built his
enterprise into the largest independent gasoline retailer in North Carolina.
Williams has been a longtime supporter
of NC State and benefactor in the WinstonSalem community. In 1996, he established a
charitable annuity trust that supports scholarships in the Caldwell program, the College of
Agriculture and Life Sciences, and the
Wolfpack Club. He has also been involved
with the Wake Forest University School of
Medicine, the Chamber of Commerce, Forsyth
Country Day School and several civic groups
Arthur “Tab” Williams
and banking institutions.
In honor of his 75th birthday, Williams’
family established a $100,000 endowment for
scholarships. That endowment will grow with
an estate gift of $1 million from Williams
himself.
Dr. Bob Parries, executive director of
development at the college, has known
Williams for 20 years through NC State
activities. “We’re glad Tab is broadening
his support of NC State to support business
students,” Parries said. “His entrepreneurial
savvy, business success and commitment
to community activities are great examples
for today’s young people studying business
and management.”
Business Student Helps Annual Fund,
continued from left column
common goal of making NC State a
better place,” he said. “Plus we have
plenty to talk about with Wolfpack
athletics!”
Wall said that whatever his future
holds, he plans to become a regular
donor to NC State. His work at the
Annual Fund has let him see firsthand what a difference alumni giving
can make. “I understand the need,” he
says. “Private giving is a way of help-
ing NC State grow.”
This year, keep your ears open for
the Annual Fund calling.You’ll get to
reminisce about NC State with a current student, plus get the satisfaction of
making a gift that makes a difference
to the university and the College of
Management.You can learn more
about supporting the college through
an Annual Fund gift at www.ncsu.
edu/annualfund.
Entrepreneur
Rewards NC State
Entrepreneur magazine recognized NC State’s entrepreneurship
initiatives among the nation’s Top
50 regional programs in its April
issue. The magazine surveyed faculty and alumni for their opinions,
and also collected data from colleges about their course offerings,
degrees, faculty and community
outreach.
The College of Management
offers entrepreneurship education
for its undergraduates and graduates and also serves non-business
students at the university. The
Entrepreneurship Education
Initiative teaches courses for
undergraduate students, including
non-business majors, and organizes the annual business plan
competitions. MBA students take
courses in the High-technology
Entrepreneurship (HiTEC) and
Product Innovation Management
concentrations. And the
Management Academy, a comprehensive summer program for nonbusiness majors, covers
entrepreneurship concepts.
MBA Alumni
Directory Available
MBA and MSM alumni:
Looking for a classmate?
The MBA Program has
launched a new, free online
directory for MBA and
MSM alumni who want to
find old classmates, update
their listings and network
with peers.To receive the
password, send a request to
mba@ncsu.edu. All alumni
are encouraged to check
their online listings and provide address updates to the
staff.The directory is available on the new MBA website at www.mba.ncsu.edu.
Faculty & Alumni News
Wilson
Recognized
for Decades
of Teaching
& Research
Dr. Jack Wilson, a professor
of business management at NC
State for nearly 40 years, was
awarded the Alexander Quarles
Holladay Medal for Excellence
at a May 15 honors ceremony. The
Holladay Medal is the highest
honor bestowed on a faculty
member by the trustees and the
university. It is named for the
university’s first president and
recognizes the contributions of
faculty members in teaching,
research and service.
Wilson’s tenure at NC State
included posts as head of the
Department of Business
Management after the college
was created, and head of the
Division of Multidisciplinary
Studies. He won university teaching awards three times in three
different decades. Wilson served
on a variety of university committees and continually championed
growth of the business curriculum.
His research into inequities in faculty salaries led administrators to
correct the differentials throughout the university.
In reminiscing about his tenure
at NC State, Wilson said he was
proud of his many students who
had gone on to success as lawyers, doctors, judges, dentists,
CPAs, managers and professors.
“That’s more than likely the Law
of Probability working [rather]
than a reflection on my teaching
effectiveness,” he wrote. “When
you have a hundred or more
students each semester, plus a
hundred or so more in Summer
School each year for over 30
years, there are bound to be
survivors who succeeded.”
Alumni Spotlight—Brian Cockerham
Two years ago, Wolfpack Club fund raiser
Brian Cockerham (’92, ’94) left his position in
Raleigh to lead athletic fund raising at the
University of Miami. It meant leaving his
alma mater and the Atlantic Coast Confer­
ence for a football powerhouse school
with a smaller alumni base.
Now, with news that Miami
will join the ACC in 2004,
Cockerham is gearing up for
more time in the Southeast
and more visits home to
NC State.
During his 13 years as
a student and professional
in the NC State community,
Cockerham lived a life filled
with athletics and a love
for the Wolfpack. He played Brian Cockerham
club football and joined the
cheerleading team as an
undergraduate. After completing his business
management degree, he earned a master’s
degree in sports management and worked as
a resident advisor in athletic housing. That led
to a nine-year career with the Wolfpack Club,
the off-campus organization that raises money
to support student athletes at NC State.
Cockerham credits two dynamic leaders—
Wolfpack Club Executive Director Bobby
Purcell and Basketball Coach Herb Sendek—
with having a powerful influence on his
career. Cockerham said Purcell taught him
how to treat people with respect and how to
handle the business of fund raising. “[With]
everything that I do in my job, I try to model
myself after Bobby Purcell and the way he’s
conducted himself and the Wolfpack Club.”
Sendek, Cockerham said, gave him a foundation in basic life lessons that apply to any
field. “Herb’s very philosophical,” Cockerham
explained, “and he has basic principles on…
how you should conduct yourself, and being on
time, and always expecting the best out of
yourself, and always demanding the best out
of yourself, and going the extra mile.”
Cockerham also recalls classes in the
College of Management that invigorated and
challenged him as a student. “I can remember… a management class… where it gave
me some insight on trying to have a vision for
where you want to be and what you want
to accomplish, and then working backward
through the steps you need to take to get
there,” he said. Cockerham said his NC State
experience prepared him well to manage
people, organizations and the tremendous
demands on his own time.
During his time at NC
State, Cockerham invested
a lot of energy in developing relationships with coworkers, athletes, alumni
and donors. “The relationships are probably the most
important to me,” he said,
reminiscing about the
highlights of his career.
Cockerham also played a
key role in raising money
for the new RBC Center
and in growing and
strengthening the Wolfpack Club.
Cockerham then put that experience to
work in Miami. As assistant athletic director
for development there, he oversees annual
fund raising of $4.3 million and a staff of
ten. He is a frequent public speaker on behalf
of the athletics department (and credits his
fraternity days in Sigma Chi with turning him
into an extrovert.) For the Hurricanes Club,
Cockerham created a structured giving program and instituted a priority seating system
based on the Wolfpack Club model.
The sports culture in Miami and at the
university is different than in the collegerich Triangle area, Cockerham said. “What
I love about Miami is that when it comes
to college sports, we are the only thing in
town,” he asserted. Still, there is a lot of
competition, with professional sports and
the great outdoors, for the entertainment
dollar, he said, and the Miami alumni and
fan bases are distributed very widely throughout the country.
Even in his new position, Cockerham
maintains his loyalty to NC State. He said
he was thrilled with the Wolfpack’s NCAA
basketball tournament appearance and the
football team’s Gator Bowl victory. “It makes
me feel good as an alum to see our athletics
program advancing.”
Entrepreneur
Receives Honorary
Degree
Entrepreneur and businessman
E. Carroll Joyner (NC State’56),
namesake of the college’s annual
business plan competition for
undergraduates, received an honorary degree from the university at
May 17 commencement ceremonies. Chancellor Marye Anne Fox
conferred a Doctor of Human
Letters degree on Joyner in recognition of his service to NC State
and his contributions to the business community.
E. Carroll Joyner and Chancellor Fox
For years, Joyner has lectured
in entrepreneurship classes and
supported the annual business
plan competition at the college.
Students and faculty appreciate
his dedication to working with
students and to nurturing their
entrepreneurial interests.
After graduating from NC
State, Joyner built a successful
career in real estate development,
farming, and other entrepreneurial
endeavors. He is former vice president of real estate development
for Golden Corral, and is recognized as the driving force behind
the restaurant company’s growth.
Joyner received the Watauga
Medal, the university’s highest
non-academic honor, in 1994.
When NC State’s new visitors
center is completed next year, it
will be named in his honor.
Fall 2003
The Management Portfolio 5
Academic Programs & Events
NC State
Spin-offs Win
Top Prizes in
Business Plan
Competition
Start-ups developed through
the college’s HiTEC Program were
the big winners in the new open
division of the college’s expanded
$10k Business Plan Competition.
The first place winner, start-up
company ArrayXpress, has
received support from new Hi-TEC
services available to the community, and runner-up TECStyle
Partners was developed by graduate students enrolled in the technology commercialization class.
The field for the new Keystone
Corporation open division included
two dozen teams or individuals
competing for $10,000 in prize
money. The open division was
open to NC State graduate students, alumni and faculty. The
competition also included the
Carroll Joyner Undergraduate
Division, now in its 10th year.
ArrayXpress is a microarray
technology company led by
Michael Zapata (MSM ’94) and
NC State forestry faculty member
Leonel van Zyl. The proprietary
technology and processes utilized
by the company were developed at
NC State biotechnology facilities.
Zapata, as a HiTEC analyst, is guiding ArrayXpress through HiTEC’s
proven technology evaluation and
commercialization processes. The
company plans to use the $6,000
competition prize to fund operations with its new client base.
Runner-up team TECStyle
Partners, composed of four graduate students enrolled in the TEC
course, worked with NC State textiles faculty on a technology that
ensures even batch dyeing for fabrics. The student team’s business
continued on page 7
6
The Management Portfolio Fall 2003
MBA and MAC Graduates Find Career Success
Events at the
College of
Management
Sept. 11 Wachovia Bank Day and
Wachovia Executive Lecture
Series, Ben Jenkins,
Wachovia; 3400 Nelson
Hall, 4 p.m. Free and open
to the public.
Sept. 15 College of Management
Career Fair. For more information, call Jeff Sackaroff
at 515-2396.
Sept. 20 NC State Homecoming;
football vs. Texas Tech
At the N.C. MBA Career Fair, Ervin Allen (MSM ’01) of the Small Business and Technology Development Center
in Raleigh talks with full-time MBA student Gene Farrelly about job opportunities.
New efforts in the MBA Career Services
area have paid off, with outstanding employment statistics for the December 2002 and
May 2003 graduating classes. Ellen Baker,
director of the RedWall Career Center, reports
that 78 percent of recent MBA graduates
have found full-time employment. Also, 83
percent of first-year, full-time students are
currently working in summer internships.
Baker is confident that these employment
results match or exceed those of many topranked MBA programs that are facing a
weakened job market.
Student networking, job leads from parttime students and alumni, and the spring
N.C. MBA Career Fair have led to many of
the job opportunities, Baker says. The college’s Supply Chain Resource Consortium
also has been instrumental in working with
the career center to place students in
internships and full-time employment with
member companies. And the companies on
Centennial Campus, NC State’s research
and corporate park, have been responsive
to outreach efforts by employing MBA students and graduates.
Students have found internships and jobs
with GlaxoSmithKline, SAS, IBM, John Deere,
the U.S. EPA, Progress Energy, GE Plastics and
Shell Oil, among others. The employment fields
range from market research and marketing to
supply chain management, finance, information
technology and entrepreneurship/start-ups.
In the RedWall Career Workshops series
over the last year, Baker taught strategies for
self-directed career searches, with a focus on
networking and interviewing skills. “For students competing in very structured interview
processes, these workshops prepared them
to effectively communicate their value to
employers,” Baker said. Even in reduced hiring cycles, students found jobs by being persistent and relying on each other for leads
and tips. Students and alumni alike were generous, Baker said, in sharing job opportunities
with the MBAs.
Graduates from this year’s Master of
Accounting class have also done well,
despite a challenging market. Katherine
Hansen, who coordinates career services for
MAC students, says 79 percent have found
full-time employment with accounting firms
and corporate accounting departments in
Raleigh, Atlanta, Washington D.C., Chicago
and other locations. The number of incoming
MAC students completing summer internships also rose significantly. Hansen has
planned fall site visits in Charlotte and
Washington, where students will meet with
local firms and alumni to broaden the geographic reach of their career searches.
Looking to hire or have any leads? Contact
Ellen Baker at 513-0276 or ellen_baker@
ncsu.edu for MBA students and Katherine
Hansen at 515-4508 or katherine_hansen@
ncsu.edu for MAC students. For undergraduates, contact Jeff Sackaroff at 515-2396 or
jeff_sackaroff@ncsu.edu.
Sept. 23 Accounting Department
Annual Banquet, 6 p.m.,
Marriott–Crabtree Valley.
For more information,
contact Roby Sawyers at
515-4443.
Oct. 2
Wachovia Executive Lecture
Series, David Rizzo, MCNC;
3400 Nelson Hall, 4 p.m.
Free and open to the public.
Oct. 3
COM Board of Advisors
meeting, 7:30–10 a.m.,
EC Hunt Boardroom,
Nelson Hall
Oct.
16–17
College of Management
Graduate Symposium.
By invitation only.
Oct. 25 University Open House, 9:30
a.m.–1 p.m. For prospective
students and families. Free
and open to the public.
Oct. 30 Wachovia Executive Lecture
Series, Cloyce Anders,
Independent Insurance
Agents & Brokers of
America; 3400 Nelson Hall,
4 p.m. Free and open to
the public.
Nov. 20 Wachovia Executive Lecture
Series, Sue Cole, U.S.
Trust and N.C. Citizens for
Business & Industry; 3400
Nelson Hall, 4 p.m. Free
and open to the public.
Dec. 4–5
Supply Chain Resource
Consortium member
meeting
Academic Programs
NC State Spin-offs
continued from page 6
plan is now being used to form a
company and recruit an executive
team. Daniel Colonnese, a graduate student in computer science,
also was a runner-up, with his proposal for GC & West.
In the undergraduate division,
College Tees, presented by graduating senior Charles Burnett,
placed first, receiving the Capital
Bank Entrepreneurship Cup, and
$500. Senior Frederick Sexton
placed second, and junior Jared
Kimak placed third.
A grant from the Ewing
Marion Kauffman Foundation
supported the expansion of this
year’s competition. Sponsors
included Keystone; Capital Bank;
PricewaterhouseCoopers;
Pinna, Johnston & Burwell, P.A.;
and the college’s Entrepreneurs
Club. The competition was organized by the Entrepreneurship
Education Initiative, under the
guidance of faculty members
Gary Palin and Jennifer Anderson.
New MAC
Fellowships
Attract and
Reward Top
Students
Wachovia Executive Lectures Address
Enrepreneurship, Growth and Success
Business leaders from near and far brought
their messages about success to the college
this spring in four installments of the Wachovia
Executive Lecture Series. Their stories touched
on industrial and technological change, global
markets and the drive for growth.
Entrepreneur Don Brock of Astec
Industries in Chattanooga, Tenn. opened the
series with an in-depth look at the asphalt
plant manufacturing company he built from
the ground up. Brock explained how aggressive expansion helped his company grow into
a vast conglomerate of equipment manufacturing and related businesses. Brock’s transition from an engineer to successful
entrepreneur revealed many lessons for students considering entrepreneurial careers.
Asserting the importance of free trade and
open markets, Caterpillar Inc. Group President
Jim Owens explained the story of his company’s global success in his lecture. “Trade is a
voluntary act, a freedom all parties gain from an
exchange with more choices, better quality,
lower prices and more competition,” he stated.
The economics alumnus (PhD, 1973) touched on
the political, economic and business aspects of
current international trade issues while showcasing his company’s gains from highly integrated business lines overseas.
Entrepreneurship was again a hot topic
when the college’s Entrepreneur-inResidence, David Rendall, shared his career
highlights. Rendall is a retired telecommunications executive who continues to be
involved in new telecom ventures. Rendall
said business schools may be improving how
they teach and inspire entrepreneurs, but the
best ones have a combination of knowledge
and critical, intangible traits.
“Entrepreneurship is an attitude, a way of
life, a way of thinking,” he declared.
In the final spring lecture, Orage Quarles III,
president and publisher of The News &
Observer, combed his thirty years of publishing
and business experience for 10
Commandments for business success. The
most important lesson in his list, Quarles
asserted, is No. 7, learning to communicate. In
a world that is becoming more diverse, business leaders who can listen and communicate
well will be the most successful, he said.
Faculty & Staff Achievements
Bruce Branson, accounting, won the
COM Board of Governors Teaching Award.
David Henard, business management,
won the university Outstanding Teaching
Award and the Alumni Outstanding Teacher
award, and was inducted into the Academy
of Outstanding Teachers. Don Pagach,
accounting, also won the university Out­
stand­ing Teaching Award and was inducted
into the Academy of Outstanding Teachers.
Robert Handfield, business management,
and Mark Beasley, accounting, received
Outstanding Extension Service Awards.
Beasley was also inducted into the Acad­
emy of Outstanding Faculty Engaged in
Extension. College of Manage­ment teaching awards were given to Karlyn Mitchell,
business management; Bill Sloan, business
management; Mike McElroy, economics;
Ernest Carraway, accounting; and to parttime instructors Ericka Kranitz, accounting;
Steve Haynes, business management; and
Claudiney Pereira, economics.
The winners of this year’s College of
Management staff Awards for Excellence
were Matt Smith, associate director of
development, and Christine Miller, administrative assistant to the dean.
Six new full-time faculty members joined
the College of Management for the new
academic year. Marianne Bradford (PhD,
University of Tennessee) and Joseph Brazel
(PhD, Drexel University) teach accounting
courses. Dennis Pelletier (PhD, University
of Montreal) teaches econometrics and
macro­economics. Don Warsing (PhD,
UNC), who earned an MSM at NC State in
1995; Deepak Sirdeshmukh (PhD, Ohio
State University); and Sangkil Moon
(PhD, University of Iowa) joined the business management department.
Steve Allen, director of the MSM/
MBA Program for 10 years, became the
college’s first associate dean for graduate
programs and research. Pam Bostic was
promoted to director of the MBA program.
David Flath is the new director of the
Economics Graduate Program. He replaces
James Easley, who returned to teaching.
Michael Rappa, business management,
was named a recipient of the 2003 Classics
Award for Exemplary Online Learn­ing
Resources from MERLOT for his course,
“Managing the Digital Enterprise.” MERLOT
is the Multimedia Education Resource for
Learning and Online Teaching, a consortium
of higher education institutions.
With the support of local
accounting firms, the Master of
Accounting program has launched
a new fellowship initiative
designed to attract and reward outstanding students. This fall’s inaugural class of seven fellows will
receive financial support for their
education from sponsoring firms
and the MAC program to cover full
tuition for two semesters, and will
receive offers for full-time employment after graduation.
The sponsors of this year’s fellowships are Ernst & Young,
KPMG, Larson, Allen, Weishar &
Co., PricewaterhouseCoopers, and
RSM McGladrey.
The Fellowship Program gives
students a jump on the fall recruiting season, says Katherine
Hansen, assistant director of the
MAC program. “This initiative
allows firms to identify and begin
relationships with exceptional students very early in the recruiting
cycle,” Hansen explained.
The fellowships, worth $5,500$22,400 in tuition assistance, also
helped the program attract more
outstanding students from a wider
geographic area to NC State. “Our
fellows have exemplary leadership, communication skills, and
campus and community involvement, as well as strong academic
records,” said Hansen.
Overall, the incoming MAC class
of 62 students will be an excellent
class, she adds, measured not only
by GPA and GMAT scores, but also
by their work and leadership experience and community service. Last
year’s improved student recruiting
efforts led to more applications and
greater selectivity, producing a
strong MAC class with greater
diversity and depth.
Fall 2003
The Management Portfolio 7
Student News
The university Achieve! campaign continues this fall with
statewide billboards and radio ads
featuring NC State’s faculty and
students making an impact. New
halftime commercials during televised football and basketball
games will also feature the
Achieve! theme. Here, we salute
our student achievers in the
College of Management.
Nonprofit Org.
U.S. Postage
PAID
Box 8614
Raleigh, NC 27695-8614
Raleigh, NC
Permit #2353
Student News
Accounting and human
resource management student
teams advanced to the national
finals in their respective fields.
At the national Institute of
Management Accountants con­
ference, an NC State accounting
team finished in the top four in the
IMA national case competition for
the second year in a row.
Undergraduates studying HRM
were repeat state and south­
eastern area champions in the
HR Games and competed in
the national tournament at the
Society for Human Resource
Management meeting. Also,
seniors in the marketing competition class placed third in the
Southeast, but first among
universities in the Carolinas, in
a national marketing campaign
competition with Toyota.
The college conferred degrees
on 526 graduates at spring commencement ceremonies. Ten
undergraduate students from the
college were honored as university valedictorians. Valedictorian
Kelly Smith, an accounting graduate, delivered the college commencement address. Accounting
graduate Brian Crossland received
the Board of Advisors Outstanding
Student Award.
8
TheManagement Portfolio Fall 2003
College Achiever: Wolfpack QB Philip Rivers
Tiffany and Philip
Rivers with baby
Halle.
On the football field, Wolfpack senior
quarterback Philip Rivers is expected to call
the plays this season and lead the team to
another winning record. But in the classroom,
the business management major from
Athens, Ala. and Heisman Trophy candidate
prefers a more behind-the-scenes role. Rivers
says he’s learning to appreciate all the skills
and perspectives both he and his classmates
can bring to their group assignments.
These lessons in leadership and team
dynamics are an important part of what Rivers
will take with him when he graduates in
December and looks toward a
professional football career. With a strong academic commitment and personal drive, Rivers
has steered a straight course toward graduating on time. He knows that his
business studies and marketing focus will be
useful in the future, no matter where
life takes him. Rivers said that down the road,
regardless of whether he’s successful in professional football, his business and accounting
classes will make him a knowledgeable player
or businessman.
Though Rivers will complete many of his marketing
classes this fall, his introduction to the field has already
impacted his view of the
sports world, product marketing and brand awareness.
“You realize, even pulling into
Wendy’s or something, that
you can see their strategy right
away,” he said.
Faculty and advisors describe Rivers
as a dedicated student athlete with a good
sense of direction and purpose. The bottom
line, Rivers said, is that students can’t participate in athletics if they’re not willing to put
their education first. “You can do school without the football,” he acknowledged. “But you
can’t do football without the school.”
The 21-year-old says that he’s able to
balance all of his activities precisely because
he has so much to do—football practice and
games, a full courseload and a family at
home: wife Tiffany (his high school sweetheart) and their daughter, one-year-old Halle.
“It sounds weird, but it’s been easy,
really, balancing all of it. I guess because
I didn’t have another choice. It was all right
there,” he explained. Rivers said his college
and family experience made him grow up
quickly and learn the finer points of time management. As he prepares for a career
as a professional athlete, those lessons from
life, school and the football field at NC State
should serve him well.
The Management Portfolio
College of Management
NC State University
Campus Box 8614, Nelson Hall
Raleigh, N.C. 27695
919.515.5560
www.mgt.ncsu.edu
management@ncsu.edu
Dr. Jon W. Bartley, dean
Sara Frisch, writer and editor
Photography by Roger Winstead
and Michael Pittman
The Management Portfolio is published
by NC State University’s College of
Management for its alumni, friends
and supporters and for the university
and business communities.
Correspondence, alumni updates and
address corrections may be sent to:
The Management Portfolio
College of Management
NC State University
Campus Box 8614 Nelson Hall
Raleigh, N.C., 27695.
The College of Management’s programs
in management and accounting are
accredited by AACSB International—
The Association to Advance Collegiate
Schools of Business.
18,000 copies of this public document
were produced at a cost of 34¢ per copy.