COLES COLLEGE OF BUSINESS STRATEGIC PLANNNING ANALYSIS AND AACSB INTERNATIONAL STANDARDS 1-5 AND 11 2003-2008 Submitted to V.P. Academic Affairs, Dr. Lendley Black The Arena for Higher Education in Atlanta and the Role of the Coles College of Business A National Perspective Higher Education in America’s Metropolitan Areas: A Statistical Profile reveals that nearly half of America’s higher education enterprise is taking place not in traditional "college towns" but in the nation’s largest cities and their surrounding metropolitan statistical areas (MSAs).* Among the key findings of this second MSA study published by The Atlanta Regional Consortium for Higher Education, ARCHE are: The 4.6 million full-time-equivalent (FTE) students enrolled in the 60 MSAs included in this study represent 44 percent of all students attending degreegranting institutions in the U.S. The nearly 600,000 African-American students attending institutions in these MSAs equal 52 percent of African-American enrollments nationally. Similarly, the 800,000-plus recipients of Bachelor’s degrees and higher from institutions located in the 60 MSAs account for 47 percent of all such graduates nationwide. The 60 largest MSAs also encompass more than $100 billion in expenditures by higher education institutions (54 percent of all such spending in the country) and 1.3 million higher education employees (49 percent of the national total). Nine metro areas collectively account for nearly one-fifth of America’s total public and private higher education system. These nine are among the top 10 metro areas in the nation in both collegiate enrollments and graduations. They are: Atlanta, Boston, Chicago, Los Angeles-Long Beach, Minneapolis-St. Paul, New York, Philadelphia, San Diego, and Washington, D.C. Collectively, the nine leading MSAs in higher education account for 17 percent of all students enrolled in the nation’s degree-granting institutions and 22 percent of all African-American students enrolled. These nine areas also account for 19 percent of all students graduating at the Bachelor’s degree level or higher in the U.S., as well as for 24 percent of all higher education expenditures and 19 percent of all higher education employees. From a regional perspective, higher education in this study’s 60 MSAs is evenly distributed across the country. Using the geographical definitions of the regional higher education accrediting agencies, enrollment within the 60 metro areas is distributed as follows: New England - 6 percent, Middle States region - 24 percent, Southern region - 23 percent, North Central region - 24 percent, and Western/Northwest regions - 24 percent. 1 This geographical enrollment distribution changes somewhat for AfricanAmerican students, who more heavily attend institutions in the Southern (34 percent) and Middle States (29 percent) regions than in New England (3 percent), the Western/Northwest regions (14 percent), or the North Central region (21 percent). *All national comparisons in this summary are based on data published in the U.S. Department of Education’s 1999 Digest of Education Statistics. Because of the availability of Federal data, enrollment comparisons are based on 1997-98, degree comparisons on 1996-97, and finance comparisons on 1995-96. The 60 metropolitan areas included in this study all had populations exceeding one million people in July 1997. Ten Largest Metropolitan Statistical Areas in Nation 1997-98 Full-Time-Equivalent Enrollment* per 100,000 Population 1 Boston, MA-NH PMSA 4,939 2 New York, NY PMSA 3,980 3 Atlanta, GA MSA 3,699 4 Chicago, IL PMSA 3,626 5 Los Angeles-Long Beach, CA PMSA 3,574 6 Philadelphia, PA-NJ PMSA 3,408 7 Dallas, TX PMSA 2,978 8 Washington, DC-MD-VA-WV PMSA 2,349 9 Detroit, MI PMSA 2,108 10 Houston, TX PMSA 1,777 *Full-Time-Equivalent enrollment is used for budgeting purposes, and equates part-time students to full-time equivalency using a formula. The Atlanta Metro Area: A Higher Education Leader Higher Education in America’s Metropolitan Areas: A Statistical Profile also shows that the Atlanta region is a national leader in higher education, consistently ranking in the top 10 metro areas in key measures of higher education activity. Atlanta is rich with collegiate student life and learning, ranking sixth among the 60 MSAs studied in the total number of students attending degree-granting institutions. Atlanta also is a focal point for higher education opportunity for African-Americans, ranking fourth in the number of African-American students enrolled. 2 The majority of students in the Atlanta region not only are pursuing higher education, they are completing it: Atlanta has the sixth highest number of degrees conferred at the Bachelor’s level and higher. Atlanta produces significant numbers of graduates educated in the skills demanded by today’s business marketplace, ranking in the top 10 in number of degrees conferred across a wide range of fields of study, including: Business management and administrative services (sixth) Engineering and engineering related technologies (second) Computer and information sciences (fourth) Mathematics (fourth) Physical sciences (seventh) Biological and life sciences (seventh) Health professions and related sciences (sixth) Communications and communications technologies (eighth) Education (fourth) Visual and performing arts (seventh) Theological studies and religious vocations (seventh) English language and literature/letters (seventh) Foreign languages and literatures (ninth) Higher education also makes a significant impact on the Atlanta economy. Not only does Atlanta rank sixth among the 60 largest MSAs in total higher ed expenditures, it has the eighth largest work force employed in higher education. Further, Atlanta is a national center for research, ranking third nationally in research expenditures. The region also is a magnet for Federal funding, ranking eighth in Federal appropriations, grants and contracts. Ten Largest Metropolitan Statistical Areas in Nation 1997-98 Bachelor's Degrees and Higher Conferred per 100,000 Population 1 Boston, MA-NH PMSA 2 Atlanta, GA MSA 3 New York, NY PMSA 4 Philadelphia, PA-NJ PMSA 5 Chicago, IL PMSA 6 Washington, DC-MD-VA-WV PMSA 7 Los Angeles-Long Beach, CA PMSA 8 Dallas, TX PMSA 9 Detroit, MI PMSA 10 Houston, TX PMSA 3 1,247 798 787 686 654 584 554 536 344 218 The academic marketplace in the metropolitan Atlanta area is crowded, competitive and replete with an array of sophisticated undergraduate and graduate program providers. There are over twenty colleges and universities based in the metro area offering a fullrange of traditional, campus-based programs. The University System of Georgia alone serves more than 200,000 students statewide, the majority in the metro Atlanta area. Also, growing numbers of minority students are accessing higher education both in Atlanta and throughout the United States. Total African-American Full-Time-Equivalent Enrollment* 1997-98 Change Rank MSA Name 1997-98 from '95-96 1 New York, NY PMSA 67,917 -3.4% 2 Chicago, IL PMSA 45,507 7.0% 3 Los Angeles-Long Beach, CA PMSA 33,496 5.6% 4 Atlanta, GA MSA 33,361 8.4% 5 Philadelphia, PA-NJ PMSA 23,987 4.2% 6 Washington, DC-MD-VA-WV PMSA 18,905 1.3% 7 Houston, TX PMSA 18,462 -1.7% The economic vitality of the region during the decade of the 1990s dramatically shifted the higher education market in Atlanta. Throughout the 1990s, Atlanta experienced growth at the rate of approximately 100,000 net new residents each year. This dramatic surge in population, in fact, led the nation among larger cities in real growth and in the growth of jobs in the nation. During the latter part of the 1990s the strength of the economic boom shifted the academic market. Greater numbers of students and prospective students opted for full-time employment and part-time education. The economy was so robust that higher education enrollments in traditional professional programs actually reached a plateau while many in the workforce delayed education in order to pursue growing economic opportunities. Indeed, there was an explosion of technology certification programs, on behalf of companies ranging from Microsoft to Novell, delivered by colleges, universities and for-profit educational providers that attracted thousands of students in the metro Atlanta area. The drop in professional enrollments reflected a five-year period from 1996-2001. In 2001, enrollment in professional programs (business and education particularly) began to increase. In the spring semester, 2002 these enrollments spiked significantly upwards reflecting the counter cyclical nature of these enrollments to the state of the economy. It should be noted that research indicates that during economic downturns, interest in degree completion programs also increases exponentially. Given the cyclical nature of these changes and the relative short length of post WWII recessions, (11-18 months) structured degree completion programs are essential. 4 Total Full-Time-Equivalent Enrollment* 1997-98 Rank MSA Name 1 New York, NY PMSA 2 Los Angeles-Long Beach, CA PMSA 3 Chicago, IL PMSA 4 Philadelphia, PA-NJ PMSA 5 Boston, MA-NH PMSA 6 Atlanta, GA MSA 7 San Diego, CA MSA 8 Phoenix-Mesa, AZ MSA 9 Washington, DC-MD-VA-WV PMSA 10 Minneapolis-St. Paul, MN-WI MSA Change 1997-98 from '95-96 344,306 -0.3% 326,166 4.6% 286,115 2.1% 168,462 0.4% 161,592 0.1% 134,290 1.9% 125,473 7.6% 108,122 8.0% 108,116 -0.9% 102,940 5.1 This explosive economic growth period saw the expansion of a number of academic programs in the metro area. The following list continues to morph monthly as academic institutions enter and leave the metropolitan Atlanta academic marketplace. It should be noted that the Terry College of the University of Georgia recently purchased a site in the Buckhead area of Atlanta and Georgia State University built a 50,000 square foot facility in Alpharetta. A recent report by the Board of Regents of the University System of Georgia references a U.S. Census Bureau projection that Georgia’s population is set to grow by about 21% by the year 2015, from approximately 8.2 million to 9.9 million people—with African Americans comprising more than 30% of the population and Hispanic residents expected to double from 500,000 to 1 million. In addition, Georgia is expected to experience the 3rd highest growth in high-school graduation rates in the country, especially among those students “moderately prepared” for college. The state currently ranks 49th in the U.S. in public high school graduation rates and 48th nationally in the percentage of 18-24 year olds attending college. The implications of that change for the University System of Georgia are that approximately 200,000 students will enroll in the University System over the next 11 years, while it took from 1960 to 2003 for 200,000 students to enroll in the System. Select other vendors of business higher education programs in the Metropolitan Atlanta region: Keller (ITT) & DeVry (multiple campuses) National-Louis University Clark Atlanta University 5 Morehouse College Emory University Emory University Oglethorpe University Southern Polytechnic State University Covenant College Life University Clayton College & State University State University of West Georgia Reinhardt College University of Phoenix (multiple campuses) St. Leo University Strayer University American Intercontinental University Nova Southeastern University Troy State University (multiple campuses) University of Central Michigan Mercer University Shorter College University of Georgia (2 metro campuses) Georgia State University (2 metro campuses) The development and execution of a mission statement for the Coles College of Business has reflected a decade-long odyssey to continuously refine and direct priority goal setting, managerial decision-making, resource allocation and deployment, performance expectations and scope of activities. We believe it is illuminating and insightful to present first our current mission statement, followed by the statement developed for the initial accreditation effort in 1994. AACSB International Standards 1-3 To this end it is imperative that the mission statement for the Coles College of Business clearly influence decision-making but most importantly set key operating parameters and priorities for positioning the Coles College in the marketplace. The revised AACSB International guidelines have been incorporated into the 2004 mission statement, ratified by the Coles College faculty in February, 2004 and consonant with the mission of Kennesaw State University. Specific reference to geographical coverage, specifically served student populations, program specifications, faculty production of intellectual contributions expectations that advance the knowledge and practice of business and management, faculty and staff development and ethical leadership are all embedded in the 2004 version of the mission statement. A substantive addition to the statement of mission in 2004 is the inclusion of core values. The Coles College faculty worked for over two years on affirming core values for the College. While the core values drive strategy they also provide the 6 foundation for the mission statement. Fundamentally, core values, are the essential and enduring tenets of an organization – the very small set of guiding principles that have a profound impact on how everyone in the organization thinks and acts. Core values require no external justification. They have intrinsic value and are of significant importance to those inside the organization. They are the few extremely powerful guiding principles; the soul of the organization – the values that guide all actions. The core values or ideology define the enduring character of an organization – a consistent “identity” that transcends product and market life cycles, management fads, technological change, and individual leaders. The organization may develop new purposes, employ new strategies, re-engineer processes and significantly restructure; however, the identity and ideology remains intact. Professor Jim Collins describe core values in Built to Last as: “... core ideology provides the glue that holds an organization together through time.” Coles College of Business Core Values and Distinctive Competencies The Coles College of Business had adopted the following core values that drive the strategic direction of the College: Competitiveness through continuous improvement o Operational philosophy that increasing quality is an ongoing responsibility of everyone in the organization. Connecting theory and practice o Commitment to applying research, scholarship and discipline-based theory to the practice of business and management. Innovation, creativity and entrepreneurship o We believe in the infusion of resourcefulness, originality and imagination in what we do and how we do it. Flexibility o We are continuously responsive to the needs of our constituencies. Globalization o Our academic perspective is global and we constantly pursue opportunities to expand our alliances globally, providing critical opportunities for students and faculty. Responsiveness o We are customer focused. Everywhere you look in the Coles College you will find visual displays and evidence of our core values. From puzzle pieces on the walls to mouse pads. It may be hackneyed, but it is imperative that all understand and acknowledge these guiding principles for the Coles College of Business. Coles College of Business Mission Statement- 2004 7 The Coles College of Business strives to provide high quality, applied business education in a collegial, intellectually stimulating, and supportive learning and working environment. Committed to innovative pedagogy and continuous improvement, the College seeks to offer undergraduate and graduate programs of study that connect theory to practice, promote critical thinking, and engage students in active and collaborative learning. Predominantly serving working residents of metropolitan Atlanta and the broader northwest Georgia region, we aspire to prepare our students to provide effective and ethical business leadership in an increasingly complex, technologically sophisticated and interdependent world. We select and retain a diverse and talented pool of faculty and staff who uphold the professional standards of their respective disciplines. Consistent with our mission, Coles College faculty produce quality applied, discipline-based, and learning and pedagogical scholarship. We treat individuals with integrity and respect. Faculty and staff are provided opportunities for training, development, and career enhancement. Coles College of Business Mission Statement- 1994 The Kennesaw State University Michael J. Coles College of Business Statement of Mission is as follows: Our Stakeholders: Students, businesses, not-for-profit organizations, local and regional governments, faculty and staff, the public, the University, the professions. Vision: The Coles College of Business will provide high quality, applied business and managerial education in a collegial, ethical, and nurturing intellectual climate. Mission: Our mission is driven by the recognition, creation and dissemination of valuable applied business and managerial knowledge to all our present and prospective stakeholders. Distinctive Competencies: Collaboration, continuous learning, creativity, goal stretching, iconoclasm, innovation, niche provider, resource leveraging, responsiveness, and technological sophistication. Responsibilities: To Students: Impart relevant knowledge, while engendering inquiry and cultivating intellectual curiosity. Facilitate learning about relevant tools and techniques through collaborative teamwork, innovative pedagogy, and sophisticated technology. Provide cutting-edge knowledge of organizations, their processes, and their interactions in an 8 international marketplace. Offer an array of appropriate and useful courses at locations and times, which accommodate a diverse student body. To Faculty and Staff: Attract, select and retain talented faculty and staff. Treat individuals with dignity, fairness, and respect. Provide opportunities for learning, selfdevelopment, training and career progression. Foster a climate supportive of diversity, intellectual creativity, inquiry, and the quest for knowledge. To Business and Other Organizations: Anticipate and supply the needs of these organizations for knowledge, as well as for informed, skilled, and well-trained workforces capable of providing the leadership to face the challenges of a technologydriven, global economy. To Governments and the Public: Utilize societal resources efficiently and effectively in the pursuit of our goals. To the University: Support the University’s mission and commitment to providing a quality education within an open, supportive, multi-cultural and nondiscriminatory teaching and learning environment. To the Professions: Uphold professional standards and norms of conduct, advance the respective professional disciplines and exceed the expectations of the affiliating academies. Influencing Decision-Making and Setting Priorities This is the most critical component of the mission statement and core values, because it should drive strategic direction and provide a blueprint for action for the Coles College. Per the aforementioned analysis, the academic marketplace in the metropolitan Atlanta area is crowded, competitive and replete with an array of sophisticated undergraduate and graduate program providers. There are over twenty-five colleges and universities in the metropolitan Atlanta region offering a full-range of traditional, campus-based and nontraditional, on-line programs. The University System of Georgia alone serves more than 225,000 students statewide, the majority in the metro Atlanta area. Thus the importance of the mission statement and core values to direct decision-making and priority setting in the Coles College is paramount. For example, and these and other strategic priorities will be discussed in more detail; In August, 2003, the Coles College entered into an agreement with the owners of the 700 building at The Galleria Complex to begin offering graduate courses to a distinct population of (per the mission statement) “…working residents of metropolitan Atlanta.” The Galleria location, at the intersection of I-285 and I-75 provides the Coles College with proximate access to the largest single concentration of working professionals in the metropolitan Atlanta region. The arc of employment, dubbed the “platinum triangle” between Vinings and Dunwoody has the largest concentration of employees in 9 metropolitan Atlanta. Included in this arc are corporate headquarters for, among others, The Home Depot, Genuine Parts, General Electric Power Systems, Coca Cola Enterprises, UPS, Mirant, the Institute of Nuclear Power Operations, Cousins Properties, Post Properties, Newell-Rubbermaid and AFC Enterprises. The decision, with Board of Regents approval, to begin offering graduate classes in the heart of this area was directly consistent with the mission. Additionally, the core values, flexibility and responsiveness, addresses the need to be continuously responsive to the needs of our constituencies and be customer focused. This process, however, was vetted thoroughly by the executive committee of the Coles College to determine if the resource allocation was appropriate. Development, Review and Revision of the Mission Statement- An Interactive Process Initial accreditation, gave the Coles College faculty and business advisors the opportunity to truly and with great deliberation develop a mission statement that would guide decision making for the College. Over the years, a faculty committee, led by Dr. Armen Tashchian, providing consistency for more than a decade, has assembled each 18 months followed by a review of the Coles College Board of Directors and the Coles College Executive Committee, to review, refine and resubmit modifications to the faculty. Each review cycle, the proposed new mission statement is submitted to the Coles College faculty and presented for discussion prior to ratification. The process has, for a decade been engaging and interactive and faculty and the business community have worked hard to craft a meaningful and directive mission statement for the Coles College of Business. In 2001, the Coles College executive committee began a process with a formal retreat to define the core values for the College. Through a 1½-year process, the faculty, business advisors, students, staff and administrators had the opportunity to provide input and guidance pertaining to the core values. Ultimately, the entire faculty of the Coles College ratified these. Following the visitation in late 2004, the Coles College will begin to once again examine the appropriateness of the core values and determine if any fine-tuning is required. Dissemination of the Mission Statement We have been very deliberate in disseminating the Mission Statement widely to various stakeholders involved with the Coles College of Business. The Kennesaw State University catalogue, our homepage, http://coles.kennesaw.edu, building displays, faculty meetings, faculty performance guidelines, Board mailings, etc. 10 Additionally, every time there has been a modification and/or alteration to the Mission Statement, revisions have been disseminated as well. Mission Statement and Strategic Goal Development and Resource Allocation Goals, central to the mission of the Coles College have both short and longerterm horizons for execution. A following section goes into great detail on the delineation of these goals and the financial strategies essential for successful implementation. These goals are characterized as part of our continuous improvement initiatives. Intellectual Contributions Consistent with the Coles College Mission Statement The Coles College is proud of the fact that our “track” system defining faculty workload and intellectual contributions has been presented nationally and discussed at AACSB International conferences. Over 50 business schools have formally requested copies and supporting documentation for the Coles College of Business Faculty Performance Evaluation Guidelines, which were first, implemented in 1993 and have been continuously reviewed and modified over the succeeding decade. Not only have faculty expended great effort to lucidly define intellectual contributions, but also these have been embedded in three workload tracks that very specifically define productivity expectations for all faculty in the Coles College of Business. Indeed, the following table reflects the intellectual contributions by faculty in the Coles College for the 5-year period, 19992003. Coles College of Business Faculty Intellectual Contributions by Category: 1999 2003 Category Contributions to Practice Discipline-Based Scholarship Learning and Pedagogical Scholarship Total - Number 570 450 184 1204 Percent 47% 38% 15% This is consistent with the relative importance of these three categories as stated in the Coles College mission stateme The following sections provide enhanced detail on our elaboration of intellectual contributions consistent with the Coles College Mission statement. Standard 11- The Coles College of Business Guidelines for Faculty Performance Planning and Evaluation 11 The school has well-documented and communicated processes in place to manage and support faculty members over the progression of their careers consistent with the school’s mission. These include: • Determining appropriate teaching assignments, intellectual expectations, and service workloads. • Providing staff and other mechanisms to support faculty in meeting the expectations the school holds for them on all mission-related activities. • Providing orientation, guidance and mentoring. • Undertaking formal periodic review, promotion, and reward processes. • Maintaining overall plans for faculty resources. The Coles College is extremely proud of the faculty effort expended towards the development of our faculty performance and evaluation guidelines which while systematically modified have been in existence since initial AACSB International accreditation in 1994. Additional modifications have included more focused efforts on faculty, both fulltime and supporting faculty orientation, socialization and mentoring. Also, significant resources have been allocated to expanding graduate assistantships and to the Faculty Research and Development Committee for supporting faculty research efforts. Chairs have also invested significantly in summer research support for faculty. Introduction The following section is designed to help faculty members plan their professional activities. These guidelines are consistent with the Kennesaw State University statement of policies on required review, promotion, and tenure considerations (see KSU Faculty Handbook, Section 5.3), and adhere to the Coles College of Business mission and philosophy. These guidelines provide the basis for annual planning and subsequent review with the department chair. The criteria addressed below also provide focus for the development and presentation of accomplishments to others involved in the required review, promotion and tenure process. The situational context affecting expectations (discussed in KSU Faculty Handbook, Section 5.42) is defined in the track selection process and by the faculty member’s rank and tenure status. Teaching, scholarship, and service make up the primary components of faculty endeavor. Variations in talents, interests, and stage-of-career development imply that different faculty—and the same faculty at different times—will demonstrate different levels and types of accomplishments within these performance components. This diversity among faculty is both expected and encouraged. Faculty rank and the unique missions of the Coles College departments, the college, and the University are other determinants of this diversity. Teaching Quality teaching is a necessary condition for satisfactory performance at Kennesaw State University. The Coles College of Business encourages teaching excellence through effective classroom performance and continued instructional 12 development. Criteria of teaching effectiveness reflective of the scholarship of teaching may include: determination of appropriate learning objectives, acquired skills, and instructional outcomes; development and sharing of innovative courses, international travel/study experiences, teaching materials, and instructional techniques; and maintenance and currency of subject matter and the integration of the course content with the theory and practice of business. The Coles Colleges of Business uses multiple measures of teaching effectiveness. The most commonly used measures are: required student evaluations of each course taught each semester, and instructional materials that support the quality, relevance, and delivery of subject matter. Coles College of Business also encourages continuous improvement of teaching effectiveness through required annual classroom peer reviews for developmental purposes. Excellence in teaching is enhanced by the teacher’s competence as a scholar in the discipline. Disciplinary scholarship is an ongoing process, which requires professional development, intellectual enhancement, and interaction with the broader discipline-specific academic and professional communities. All aspects of a faculty member’s responsibilities related to teaching and mentoring students are subject to review and comment. Because of the unique nature of times and days of academic course offerings, faculty in the Coles College are expected to demonstrate flexibility in accepting teaching assignments and schedules. Various faculty may be scheduled to teach early mornings, evenings, and/or weekends on and/or off the KSU campus within the prescribed acceptable geographical range of coverage for on-campus programs as defined by the Southern Association of Colleges and Schools. Scholarship Intellectual contributions include faculty activities directed toward producing basic scholarship, applied scholarship, and instructional development. More specific definitions and outcome measures of each activity are: Discipline Based Scholarship: the creation of new knowledge. Outputs from basic scholarship could include publication in refereed academic journals, research monographs, scholarly books, chapters in scholarly books, proceedings from scholarly meetings, papers presented at academic meetings, and publicly available research working papers presented at research seminars. Contribution to Practice Scholarship: the application, transfer, and interpretation of knowledge to improve management practice and teaching. Outputs from applied scholarship include publication in refereed professional and pedagogical 13 journals, professional presentations, public/trade journals, in-house journals, book reviews and papers presented at faculty workshops. Teaching and Pedagogical Research: the enhancement of the educational value of instructional efforts of the institution or discipline. Outputs from instructional development activities include textbooks, written cases with instructional materials, instructional software and publicly available materials describing the design and implementation of new courses. The level and amount of scholarship productivity varies based on faculty workload option and the areas of primary teaching responsibilities. Each department is committed to defining a culture of continuously improving scholarship productivity, consistent with departmental guidelines, among its faculty over time. Consistent with AACSB International guidelines, expectations of scholarship are greater for faculty whose primary teaching responsibilities are in graduate programs. Service Faculty are expected to participate actively in the internal affairs and governance of the department, the College, and the University. Such activities include committee work, assigned administrative duties, student advising, and consultation with and assistance to college-related units such as Small Business Development Center, Cobb Microenterprise Center, Career Services Center, and Division of Continuing Education. Other professional service activities can be directed either to the academic community or to the business audience. International service activities are encouraged. Academic service activities are designed to contribute to the growth of the faculty member or to the enhancement of a professional discipline. These activities can include serving as a reviewer, discussant, or chair in national, regional, or local conferences; serving as a member of editorial review boards of journals; and editing conference proceedings. Holding key leadership roles in a national, regional or local organization is also evidence of processional service activity. Because there are so many professional associations, these organizations should be recognized by the appropriate departments as fitting for faculty in department-specific disciplines and consistent with the faculty member’s individual annual work plan. Involvement in the business community encourages faculty to observe the practice of business and to forge links between Kennesaw State University and the business community. Organizing and/or delivering professional development seminars and consulting with businesses and other local-area groups are examples of service to the business community. The primary motivation for business community service should be the enhancement of the Kennesaw State University community; the individual faculty member’s incidental monetary gain, if any, is less important. Faculty Workload Options The Coles College of Business has developed three separate workload tracks to recognize variations in talents, interests, and stage-of-career development and to encourage diversity among faculty members. Workload flexibility is also designed to help the Coles College of Business and Kennesaw State University achieve their 14 instructional needs and educational mission. These options allow the College to manage appropriate staffing of graduate and undergraduate programs. Overall the Coles College has an equal commitment to teaching and scholarship. Service, while essential is our next level priority. Each full-time, tenure-track teaching faculty member of the Coles College of Business will be on one of three workload tracks. Exceptions to these assignments may be made on a case-by-case basis for endowed professors and select others. Workloads typically reflect a three-year commitment on the part of the individual faculty member. Selection of a workload track should reflect a long-term, well-articulated self-assessment by each faculty member in consultation with his or her chair who will make the final assignment. Within a three-year cycle, the chair may reassign a faculty member if his or her performance does not meet the expectations of the track. The following represent descriptions and expectations associated with each workload model. Teaching-Focused Track This model is for faculty whose talent and primary interests are in teaching and instructional development. Faculty on this track will normally teach twenty-four classes over the three-year commitment period. To meet expectations under this model, the faculty member must demonstrate quality teaching and service, as defined in this document. The faculty member must also demonstrate some performance in scholarship by completing one activity or output is either applied scholarship or instructional development in each of the three-years. For faculty on the Teaching Focused Track, contributions to the Coles College of Business Working Paper series and Brown Bag series are acceptable outlets. This model is not normally available to terminally qualified faculty seeking tenure. Balanced Track Faculty on this track perform a balance of teaching, scholarship, and service activities. The normal teaching expectation for this model is eighteen classes over the three-year period, along with a standard load of service. To meet performance expectations, in addition to quality teaching and service as defined in this document, the faculty member is required to publish two refereed journal articles every five years with at least one in the first three year review cycle, and to present a paper at a refereed conference on an average of two times every three years. Alternatively, the faculty member may publish two articles in refereed journals over the three-year commitment period to meet performance expectations. Scholarship-Focused Track This model is designed for faculty who are actively engaged in scholarship that leads to publications in refereed journals deemed appropriate by the respective departments. To qualify for this track, the faculty member should present a plan of scholarship to the department chair, which includes some basic and /or applied scholarship, as defined in this document. The normal teaching expectation for faculty assigned to this track is twelve classes over the three-year commitment period. To meet performance expectations, in addition to quality teaching and an appropriate level of 15 service, the faculty member is required to publish an article in a refereed journal on an average of once each academic year. In addition to this requirement, the faculty member will be expected to present one paper at a refereed conference or to publish one additional article over the three-year commitment period. The following table is a summary of the requirements needed to “meet expectations” over any given three-year commitment period during which a faculty member remains on any of the three tracks. If the faculty member changes tracks during the three-year period, specific requirements needed to “meet expectations” will be defined by agreement between the faculty member and the respective department chair. Requirements to “Meet Expectations” Over Any Given Three-Year Commitment Period Workload Track Quality Teaching Quality Service Number of Courses Refereed Journal Hits Conference Papers Other Scholarship TeachingFocused Yes Yes 24 0 0 3 Balanced Yes Yes 18 1 2 0 ScholarshipFocused Yes Yes 12 3 1 0 In addition to guidelines for the three-workload tracks, individual departments retain the right to define journal quality appropriate to the discipline and consistent with departmental mission, scholarship carry-over provisions, and methods of recognition for faculty who publish articles in the most prestigious journals in their discipline. It is important to note that since 1992 the Coles College of Business has formally recognized annually, an outstanding scholar, teacher, advisor to student organization, and advising team member as well as an outstanding staff member. Additionally, since 1997 the Coles College has recognized a faculty member with the T.P. Hall Distinguished Service Award. These acknowledgements, with a financial award and permanent name recognition, reinforce the mission and workload tracks of the Coles College of Business. Changing Student Characteristics Prior to the preparation for initial accreditation the Coles College of Business and Kennesaw State University had virtually, open admission standards. Beginning in 1993, the Coles College of Business faculty implemented a “gate” for admission to the upper division program for undergraduates and the beginning of increasingly rigorous admissions criteria for Coles College graduate programs. 16 Most importantly, faculty in the Coles College of Business have committed to continuous review and enhancement of admissions criteria requisite for the BBA and graduate business programs. For example, the criteria for admission into the upper division of the BBA program have always been predicated on classroom performance in the required lower division business courses and calculus. In 1993, the required grade point average for these lower division courses for admission to the upper division program was 2.5/4/0. By 1998 the grade point average requirement was 2.71/4.0. Beginning in the fall 2004, the lower division grade point average requirement is 2.875. As importantly, a one-year review process by Coles College faculty and the Coles College Undergraduate Programs and Policies Committee approved the addition of a second quantitative methods course to the BBA curriculum, the first quantitative methods course required at the sophomore level. Thus the fall, 2004 lower division requirement now includes: 1. 2. 3. 4. 5. 6. 7. 8. Accounting 2100 Accounting 2200 Business Law 2100 (legal and ethical environment) Business Information Systems Management 2100 Economics 2100 Economics 2200 Economics 2300 (quantitative methods) Mathematics 1106 (calculus) This represented the most substantive change to the lower division curriculum since a faculty committee recommended the addition of a second information systems course at the junior level. Once again, the driver is continuous improvement of the curriculum, connection of theory with practice, the promotion of critical thinking and the engagement of students, all consonant with the Coles College mission statement. At the same time we have implemented online course evaluations and online overload requests. This leveraging of technology adds to the effective time devoted to classes and acknowledges the time constraints faced by both students and faculty. Likewise, in the MBA curriculum, the Graduate Policies and Curriculum Committee in the Coles College of Business commenced an exhaustive review of the curriculum beginning in 2001. At the time, the post-prerequisite MBA Program was a 36-hour degree with 24-hours of required courses and 12-hours of electives. Beginning in 2002, the revised MBA curriculum provided students with significantly greater flexibility and more student directed options. For example, the revised curriculum has 18-hours of required courses and provides for 18-hours of electives. All formal “tracks” in the MBA program were eliminated and students could “customize” their own concentrations. Additionally, and to the credit of the Coles College faculty, the prerequisites for the MBA program were dramatically redesigned. Teams of Coles College faculty conceptualized, designed and executed fully integrated prerequisite courses in 6 credit hour modules, (launched in fall, 2001) one offered on Saturday and one on Sunday. These were enthusiastically embraced by the market, met the work demands of our defined graduate student population and encouraged cross-disciplinary 17 integration of faculty. Faculty are currently reviewing these again and have proposed and accepted another retooling of the prerequisites offering these courses in 2-hour blocks (beginning in fall 2004) at a variety of times and dates to demonstrate flexibility and responsiveness to customer needs. Today, the admissions requirements to our Career Growth MBA Program are a 500 expected GMAT and a minimum 1130 admissions index. The index most recently increased from 1100 and over the past decade, the expected GMAT has increased from 450 to 475 to 500. These efforts have been made in the spirit of continuous program improvement. At the same time, regular student advisory councils from the BBA, MBA and MBAEP Programs continue to be quite active and to interact with the administrative team on a managed and consistent basis to provide input and feedback. Standard 4- High Priority Continuous Improvement Efforts Coles College Short-term ( 1-2 years) Strategic Action Items Academic Years 2002-2005 Lobby for additional KSU resource allocation for fulltime faculty positions o For the past five years, the Coles College has seen only a very modest increase in faculty. From fall, 1999 to fall, 2003, there has been an increase of 5 full-time faculty in the Coles College, a 6% change over the five- year period. Action Taken- The hiring of a new Vice President for Academic Affairs provided a terrific opportunity for the Coles College to reposition its priorities for faculty recruitment. Dr. Lendley Black and new Associate Vice President for Academic Affairs, Dr. Ralph Rascati have been most supportive of the Coles College. For the 2003-04 Academic Year, the Coles College received 8 new full-time faculty positions (a net increase of 5 full-time positions over 1999 high of 81). For the 2004-05 Academic Year, the Coles College received 10 new full-time faculty positions. The Coles College enthusiastically supports the Kennesaw State University strategy of allocating some positions to full-time Lecturers. This has been particularly helpful in staffing the Global Economics course, required of all non-business majors and the Business Information Systems Management Course. Execution of student fees in accounting and BISM o Lobby for student fees to support accounting lab o BISM fees to support continued investment in technology, hardware & software for classroom applications o MBA fees to launch career services support and Business Week subscriptions o Lobby for a $100/student fee for admission into the upper-division professional business program Action Taken- Kennesaw State University granted approval, beginning fall, 2003 for the assessment of course fees in ACCT 2100, ACCT 2200 (both $30) and BISM 2200 ($25) and MBA/Macc fee of $50/student/semester. Fees 18 generated are approximately $26,000/ calendar year for BISM, $68,000/calendar year for accounting and $90,000/calendar year for graduate business programs. The accounting fees have provided funding for full operational support of the Accounting Resource Center, new technology, and staffing and tutorial services. The BISM fees contributed towards the dramatic investment in the e-Classroom, BB 152 and will continue to support software and hardware needs in the BISM curriculum. The graduate business fees have been invested in a state-of-the-art career development program created and delivered by Advanced Career Development, Inc., ACDI, the leading career management firm using state-of-the-art Virtual Career Success Centers to provide dedicated career counseling services to students and graduates nationwide. The ACDI College Program allows you to incorporate High-Tech and High-Touch Services to meet the career services needs of students and alumni. Additionally, the graduate student fee enabled the Coles College to provide to all graduate business students home and on-line delivery of Business Week magazine. Funding for the admission into the upper division professional program has been delayed and we anticipate a fall 2005 implementation. Secure funding for Aronoff Professorship in Family Business o If funding is secured, identify holder of professorship o If funding is secured, reassign Astrachan from Leadership and Professional Development to Management & Entrepreneurship o Attempt to secure funding for one additional full-time faculty member in family business o Continue strategic alliance with Family Firm Institute (FFI) and publishing of Family Business Review edited by Dr. Joseph Astrachan Action Taken- With the retirement of Dr. Craig Aronoff, the Mary and Jack Dinos Eminent Scholar Chair of Private Enterprise and the founder of our Cox Family Enterprise Center (CFEC) in December 2005, there is a unique opportunity to honor Craig Aronoff, reposition the CFEC through the reassignment of director Dr. Joseph Astrachan back to Department of Management & Entrepreneurship. Funding for professorship was secured and the Board of Regents approved the creation of the Aronoff Professorship in Family Business in the spring, 2004. Effective July 1, 2004, Dr. Frank Adams, a financial economist and full-time faculty member in the Department of Leadership & Professional Development becomes the Aronoff Professor and is reassigned to the Department of Management & Entrepreneurship along with Dr. Joseph Astrachan. The University created a new faculty line for the Aronoff Professorship in Management providing $80,000 budget relief to the Department of Leadership & Professional Development. Additionally, one more of the ten new faculty positions has been allocated to Management for the recruitment of a full-time faculty member in family business. Recruiting will begin in earnest at the Academy of Management meeting in August, 2004. New contract extension signed with FFI for Coles College continued production of Family Business Review. 19 Secure full funding for faculty positions in Leadership & Professional Development Action Taken- The MBA for Experienced Professionals Program was launched in 1993. From the beginning, no additional resources were allocated to the Coles College of Business for this program and all staffing, marketing and program delivery costs were borne by program driven revenues. In 1998 the Coles College became the first business school in the nation to create a separate academic department , Leadership and Professional Development, comprised of faculty from across all business disciplines. The current chair, Dr. Deborah Roebuck, leads one of the most engaged, cross-disciplinary groups of faculty anywhere and collectively, under the direction of Sr. Associate Dean Rodney Alsup, the Coles College has built one of the largest executive MBA programs in the nation. At one point, when the Coles College retained ownership of the laptop computers assigned to all students in the program, upwards of 100 laptops/year were allocated to faculty across the university. However, the weight of supporting a number of full-time faculty and six full-time staff positions, makes the program economically fragile. Over a two-year period, with intense review and analysis from the Academic Affairs office, the University agreed to fund all full-time staff and faculty assigned to Leadership and Professional Development. This significant infusion of capital will allow the flow of discretionary dollars to go to faculty research and travel across the Coles College of Business. Additionally, now the program will fully fund the operational budget for the Department of Leadership and Professional Development as well. Secure funding for technology retrofit in BB 150 o Redesign BISM 2100 Action Taken- The successful lobbying for student fees in the lower division accounting and BISM courses created a most important cash flow to support instructional development in these curricular areas. BISM Professor Elke Leeds designed an important strategy, to retrofit BB 150, a 110-seat classroom to create a state-of-the-art electronic classroom with digital video recording equipment and projection control and editing room. This would require replacement of all furniture to allow for hinge/pullout monitors for full standard classroom utilization. This would enable the faculty to discontinue the utilization of the mobile laptop carts and in place have a single e-classroom for the efficient delivery of the required BISM 2100 courses. The curricular course content is approximately 35-40% system and software skills and 35-40% communication skills. Thanks to an investment of $250,000 by Dr. Randy Hinds, CIO for Kennesaw State University and a supplement of $50,000 directed from the student course fees, the construction of the BISM electronic classroom will be completed in summer, 2004. Redesign Global Economics Course Action Taken- The Global Economics Course, delivered by faculty from the Department of Economics & Finance, is required of all non-business majors at Kennesaw State University. Feedback from the chair of the University Studies committee indicated that the course could use some substantial 20 instructional redesign. A meeting was held with Dr. Roger Tutterow, department chair and a redesign was launched and completed in summer, 2004. Thanks to Professor Mike Patrono for fine work on this. Launch Galleria classes Action Taken- In the spring, 2003, Dr. Kevin Sightler, director of Graduate Business Programs began negotiating with officers at 700 Galleria Parkway, headquarters for 501 © 3 Institute of Nuclear Power Operations for the lease of classroom space in their training center for the delivery of graduate business courses. Negotiations proceeded quickly and in a favorable manner to both entities. Coinciding with this, the Coles College requested permission from the Board of Regents to begin offering MBA courses in the fall, 2003 at the Galleria. In the fall, 2003, the Coles College offered 4 courses at The Galleria and in the spring, 2004 6 courses were offered. The lease was continued for the 2004-05 Academic Year. Create and commence Faculty Research & Development Committee and Strategic Planning Committee Action Taken- Per a recommendation from Dean David Billings, the Coles College was urged to create these two important standing committees. Faculty membership was solicited and meetings and assignments were executed. These committees will be great additions to the strategic development and deployment of the Coles College of Business. Enhance minority (African American) faculty recruiting o Join Ph.D. Project Action Taken- The growth of minority communities in the metro Atlanta region is well documented in the assessment of the academic marketplace. The Coles College, to meet the needs too of a dramatically increasing minority student population needs to aggressively recruit more African American faculty. Vice President Lendley Black pledged university support for the effort. To this end, beginning with the fall semester, 2004, two new, full-time African-American faculty have been added to the Coles College. Dr. Kathryn Epps (Ph.D. Georgia State University) will be joining the Department of Accounting and Dr. Janice Barrow (Ph.D. University of Houston) will be joining the Department of Leadership and Professional Development to teach finance. Additionally, faculty of other ethnicities has been hired as well. The Coles College will become a member of the Ph.D. Project in July, 2004. Conduct comprehensive affirmative action and equal employment opportunity training for faculty, administrators and staff in Coles College of Business Action Taken- The employment law firm of Elarbee, Thompson, Sapp & Wilson, LLP has been retained to deliver training to all Coles College faculty, staff and administrators. Ideally, the training will be delivered in August, 2004. Creation of Coordinator for Supporting Faculty position Action Taken- Professor Kathy Wilcox has accepted the responsibility for assuring consistent delivery of support, guidance and direction to all Coles College Supporting Faculty. She was appointed to this role in the summer 21 2003. She is working with departmental coordinators and has already brought a great deal of quality structure to the role of Supporting Faculty. Continue globalization efforts involving both faculty and students o Examine relationship with IREX o Aggressively promote and expand study abroad options for undergraduate and graduate business students Action Taken- Over the past three years, the Coles College of Business has hosted more than one-half dozen visiting faculty from Central Asia and 8 undergraduate students participating in IREX (the International Research & Exchanges Board) is an international nonprofit organization specializing in education, independent media, Internet development, and civil society programs in the United States, Europe, Eurasia, the Middle East and North Africa, and Asia. The program, developed by Dr. Kamal Fatehi has been very successful and Dr. Fatehi was named a Senior Fulbright Advisor. The program requires enormous support resources and oversight. The Coles College has been invited to participate again in the fall, 2004 and we are currently evaluating our options. Coles College faculty have dramatically expanded the options available to both undergraduate and graduate business students to study abroad in managed course initiatives. Professors Torkornoo, Carley, Tudor, Stuart, Schulzke and Fitzgerald have developed terrific courses involved most recently in Western Europe and in the past few years in Mexico as well. Additionally, our MBA for Experienced Professionals Program has a unique partnership with ASEBUSS in Bucharest, Romania and previously with the Helsinki School of Business and Economics in Finland. Collectively, the Coles College has more students studying abroad than any academic unit at Kennesaw State University. Very importantly, in the summer 2004, Dr. Raj Veliyath, Professor of Management was awarded a Fulbright Award for research in India. Dr. Veliyath will be housed at the renowned India Institute of Technology for the fall, 2004. Secure support from Vice President for Advancement for the recruitment and hire of a director of development for the Coles College of Business Action Taken- With the appointment of a new Vice President for Advancement, the opportunity arose to reexamine Kennesaw State University fund raising strategy. Dr. Wes Wicker, VP for Advancement expressed an interest in decentralizing fund raising activities and approved the appointment, effective July 1, 2004 of Lisa Duke, Director of Development for the Coles College. The Executive Committee of the Coles College will work closely with Ms. Duke in formulating a strategic fund raising plan. Secure certification for Professional Sales Program Action Taken- Formed in 1940, the Professional Society for Sales & Marketing Training (SMT) is a non-profit organization dedicated to accelerating business results for its members and their companies by improving sales performance. SMT’s goals are to develop and enhance the competencies of its members; to be a resource for sales and marketing 22 technologies; to facilitate the exchange of ideas and experiences; to reach out to those interested in the field of sales and marketing training; and to increase awareness and recognition of the value and quality of the society. Faculty in the Coles College determined that SMT certification of the Professional Sales Program would provide unique competitive advantage. A formal visitation was conducted by SMT in the spring, 2004 and in the fall, 2004, the Coles College receives its certification certificate at the SMT annual meeting. Secure support from Office of Career Services to appoint a director of graduate placement Action Taken- The Coles College has maintained for years that the centralized support services provided by Kennesaw State University require additional investment. KSU became an early adopter of a wonderful on-line career services platform developed by Monster.com and the Coles College implemented the ACDI service for graduate students. In July, 2003, the Office of Career Services appointed a full-time director of placement for graduate students. Continue Tetley Distinguished Leader Lecture Series Action Taken- Started in the fall, 1990, the Tetley Distinguished Leader Lecture Series has hosted almost 100 company CEO’s on campus. These executives have lectured to students, faculty and community leaders and each of these lectures has been archived on tape. The series has continued and most recently featured, among others; Phil Humann, Chairman, President and CEO of SunTrust Banks, John Morgan, President and Chief Development Officer, Acuity Brands, Scott Hudson, Executive Vice President, MBNA, Robert Lipson, President and CEO Wellstar Health System, Gary Pell, Managing Partner, PriceWaterhouse Coopers-Atlanta and Tommy Holder, Chairman and CEO Holder Construction. Coles College of Business- Near-term (2-5 years) Strategic Actions 2003-2008: Each of these strategies will be subject to annual update, review and modification. Expansion and growth of Professional Sales Program o Recruit more fulltime faculty (2-3) Center for Professional Selling o One of three BBA programs in Sales in U.S. o 15 Corporate Sponsors and growing o New state-of-the-art Sales Center o 2003-04 Home of National Collegiate Sales Competition o 3 faculty devoted to Sales/Sales Management o Increase funds for sales center o Enhance technology in sales center o Consider requiring professional sales of all marketing majors 23 o Expand National Collegiate Sales Competition, number of participants and geographically beyond North America Build entire MBA degree program at Galleria o Secure Board of Regents Approval o Offer night and weekend courses o Explore day courses as well Enhance global presence in family business o Recruit faculty replacement for Aronoff o Increase by one, fulltime faculty, family business arena Expand Business Information Systems Management program and faculty o Complete $300,000 retrofit of BB 152, propose similar retrofit of BB 150 o Secure ongoing, long-term support for technology upgrade to instructional facilities o Sustain aggressive development of technology, hardware and software applications in courses, classrooms and in faculty skill set Expand role of faculty research and development committee regarding allocation of research dollars and assistants to faculty Enhance minority faculty recruiting leveraging Ph.D. Project Workload Document a national model. Continue modification and refinement Continuous reassessment of curriculum, undergraduate and graduate o Review 1/3rd of course listings annually o Implement comprehensive revision of CGMBA Program o Launch comprehensive review and revision of BBA Programs o Examine/evaluate admission “gate” for upper division BBA Program o Complete review of ethics and social impact management o Program review of Graduate Degree Programs and Centers in Coles College Pursue national rankings in select, strategic program areas o Family Business o Professional Sales o Executive MBA Program Sustain and enhance interaction with Metropolitan Atlanta business community through Tetley Series and Executives-in-Residence Student organizations and competitions o Continue participation in national competitions Aggressive Global Efforts o 6- year Partnership with Dalian Maritime University o BBA Alliance with Misr University-Egypt o Visiting Faculty, (2002-2003) China, Korea, Central Asia, Russia o Visiting Students o MBAEP Alliance with Helsinki School of Economics & Business o MBAEP Alliance with Institute for Business & Public Administration (ASEBUSS) Bucharest, Romania o WEBMBA Alliance with Anhalt University, Germany o European Study Tour-Graduate Students o British Isles Study Tour-Undergraduate Students 24 o Improving continuously curricula, research activities and international opportunities o International partnerships, trips, alliances, faculty exchanges, visiting faculty and students Launch Ethics-Social Impact Management Journal/Book Increasing distance education st o WEBMBA 1 of its kind in the nation- Sustain enrollment and launch new class Corporate Training & Development o Kroger University, Post University, Cingular Executive Development Executive MBA Program rated (Business Week) o 10th in eBusiness o 3rd in Teamwork Entrepreneurship Program rated (U.S. News & World Report) o Top 25 in Nation Small Business Development Center o Part of State of Georgia SBDC Network o Fulltime consultants to small business o Key community partner Econometric Center o Quarterly Consumer Confidence Survey- 6 years in conjunction with Greater Atlanta Home Builders o Monthly Business Conditions Index- 12 years in conjunction with Institute of Supply Management o Secure funding for staff support positions Cobb Microenterprise Center- Patricia Harris o 3 years, budget grown from $70k to $650k o Founding investor, United Way of Metropolitan Atlanta o Train over 200 graduates o Seed Capital Fund for graduates o Recipient of grants from U.S. SBA, Ms. Foundation, Babcock Foundation, Ben & Jerry’s Hot Fudge Fund o Certified Welfare to Work Program o National Awards, U.S. Depts. of Commerce & HUD and Jimmy and Rosalyn Carter Campus Community Award o Pursue funding for business incubator o Partner with City of Atlanta Homeless Commission in creation of franchising initiative with key non-profits Focusing on needs of nontraditional students o •Classes 7 days/week/Lotus Notes Learning Space/ WebCT o More aggressive use of Fridays and early morning sections. Change in name for Economics & Finance Department o Department of Economics, Finance and Quantitative Analysis o Continue exploration of MS in Finance program. 25 Standard 5- Appropriate and Focused Financial Strategies Consistent with the Coles College Mission Statement Beyond the concern for the basic infrastructure of the school, it is important to ensure that sufficient resources exist for the strategic changes planned in the Coles College’s prioritized action items. For all new and enhanced activities the school should have identified realistic sources of funding for initial and continuing provision. The table below provides an easy way to display such information. 26 AACSB International Financial Strategies Table-Coles College of Business 1st Year Cost or Revenue $50,000 Continuing Cost or Revenue At least $35,000/year Source or use of funds Family Firm Institute and Donor Support Spring 2004 $300,000 Nominal Launch of classes at Galleria Fall 2003 Ongoing investment in Coles College public relations Fall 2000 $100/student additional course fee $25,000 $150/student additional course fee $25,000- $30,000 Student fees and CIO investment Galleria student fees for Galleria Coles College Operations Construction of Sales Lab, Burruss Building Fall 2002 $250,000 CIO and program revenues Full staffing of Accounting Resource Center and hiring of accounting and quantitative methods tutors Assurance of Learning Beta Implementation Spring 2003 $60,000 Annual modifications and upgrades, $25,000 3-5% increase annually Fall 2003 $7330.00 $20,000 Proposed upper division fee Expand international educational options including Fulbright Scholars Migrate webmaster position to funded faculty line Ongoing $10$20,000/year Variable Coles College Operating funds Fall 2004 Savings of $60,000/year + benefits Vice President Academic Affairs Aggressively pursue hiring of minority faculty Ongoing $10-$15,000/year in outsourced web design and support/Coles College funds Variable Start Activity Date Continue investment in Cox Spring Family Enterprise Center, 1999 Family Business Review and Family Business Casebook, fund professorship in honor of Craig Aronoff (2004) Retrofit of BB 150 into state-of-the-art Information Systems classroom $20,000 27 Student fees Support from Office of Vice President Academic Affairs Start Date 1st Year Cost or Revenue Continuing Cost or Revenue Source or use of funds Migrate funded faculty and staff lines in Dept. of Leadership & Professional Development to KSU funding Hire full-time Director of Development for Coles College Fall 2002Fall 2004 Savings of $400,000+ /year-$100,000 in 2002-03, $300,000 in 2004 Continuing costs permanently absorbed by KSU Vice President Academic Affairs Summer 2004 $55,000/year + benefits 3-5%/year Vice President for Advancement Retrofit of all instructional classrooms in Burruss Building Summer 2002 $440,000 Annual maintenance provided by Office of CIO CIO Launch Salesperson of Year Awards Program with Atlanta Business Chronicle Begin innovative Maymester and other “off cycle” graduate courses January 2005 $20,000 $20,000 WEBMBA revenues May 2003 $10,000 $10,000-$20,000 Course fees Increase Faculty Research & Development fund and create faculty Research & Development Committee Increase investment in graduate research assistants for faculty Spring 2004 $35,000 $35,000-$50,000 Executive MBA revenues Fall 2004-add 5 positions $20,000 $20,000-$30,000 Coles Operating Funds Activity 28 Coles College of Business Strategic Planning Process Model MISSION / VALUES defined within the framework of the Coles College philosophy Gap analysis STRATEGIC ISSUES* Environmental Scan and SWOT Analysis DELIBERATE / INTENDED STRATEGIES Short Term and Long Term Objectives ONGOING STRATEGIC PROGRAMMING Strategic Goals Action Plans Tactics Benchmarking Emergent Strategies unintended strategies due to a learned pattern of behavior or unforeseen events *Key participants include Coles College faculty strategic planning committee, executive committee and STRATEGIC LEARNING and STRATEGIC THINKING 29 Board of Directors.