JUDD LEIGHTON SCHOOL OF BUSINESS AND ECONOMICS Annual Review JUDD LEIGHTON SCHOOL OF BUSINESS AND ECONOMICS I am also very involved in the community through different groups and organizations. I feel that it is really important to give back to your community. - KAREN BARNETT President and CEO, Valley Screen Process Annual Review 1. News 11. Speaker’s Series PRODUCED BY INDIANA UNIVERSITY SOUTH BEND 16. Alumni Interview OFFICE OF COMMUNICATIONS AND MARKETING GRAPHIC DESIGN 20. Community Awards & Sarah Perschbacher Recognitions PHOTOGRAPHY Sarah Perschbacher Peter Ringenberg 24. Student Recognitions Teresa Sheppard 40. Faculty PAPER: xpedx Endurance 70lb silk text COVER: xpedx Endurance 100lb silk text NOTE: xpedx is a Forest Stewardship Council (FSC) certified 42. Satisfied Customers vendor and supplies paper from renewable sources. 54. Special Thanks November 2015 58. Student Club 60. Dean’s Message NEWS Leighton School Makes Princeton Review For Eighth Consecutive Year The Judd Leighton School of Business P.N. Saksena, associate dean, graduate and Economics at Indiana University programs and accreditation. South Bend is listed once again as an “The Best 296 Business Schools” has outstanding business school, according The Judd Leighton School of Business and two-page profiles of the schools. Each to the education services company, the Economics is one of 280 in the U.S. and 16 profile addresses academics, career and Princeton Review. This is the eighth year international schools that are named. The placement, student life and environment, that the school has been included in listing is based on academic programs and admissions. The profiles also the annual publication, “The Best 296 and a review of institutional data collected have ratings for academic experience, Business Schools” (Random House / from each school. The Princeton Review admissions selectivity, and career Princeton Review). also solicits the opinions of students who services. report on their experiences in an 80– “This recognition demonstrates the high question survey. In the profile of IU South Bend, the Leighton quality of the programs, faculty, and School is described as “a value provider,” students at the Leighton School,” said Rob The Princeton Review’s survey asked “cost effective” and as having “great Ducoffe, dean of the Judd Leighton School 19,000 students at the 296 schools their business school credentials.” Students of Business and Economics. opinions of their school’s academics, said professors “know present and past student body and campus life as well as students by name,” are “engaged,” and “Being featured for the past eight years about themselves and their career plans. “have a sincere interest in working with is very meaningful because inclusion is The student surveys analyzed for this students.” The administration was also based on input provided by the group edition were conducted during the 2013- praised “when we contact the dean, he is we value highly – our students,” said 14, 2012-13, and 2011-12 academic years. very responsive.” geographic regions and ranks each separately, since students in part-time MBA Leighton School Ranked by programs typically do not travel long distances to attend classes each week. Bloomberg Businessweek The Leighton School has a 92 percent degree completion rate and the teacher quality was rated a “B.” “Obtaining an additional ranking, we’ve been ranked as The MBA program at the Judd Leighton School of Business and Economics at IU a ‘best business school’ by Princeton Review for eight years, has been one of South Bend, was ranked for the first time by Bloomberg Businessweek in its bi- our objectives. We recognize this is an outcome built on the contributions of our annual contest covering 2013-2015. The program is ranked 15th in the Midwest faculty, staff, students and supporters and look forward to working together to and 68th in the country in the part-time MBA programs category. Seventy-eight move up in the future,” said Dean, Rob Ducoffe. schools made the listing. “In my opinion, this is a very important recognition. A lot of institutions offer In the Midwest rankings, the Leighton School placed above the University of an MBA which makes it difficult for a potential student to distinguish between Wisconsin-Madison and Marquette University. programs. We are the only public AACSB accredited business school in this area and our MBA students routinely place in the top 10 percent of institutions The Bloomberg Businessweek rankings are based on a survey of recent that administer the Educational Testing Services ‘Major Field Test in Business.’ graduates, an academic quality measure that combines six school-reported The Bloomberg Businessweek ranking is another data point that affirms the data points including average GMAT scores, class sizes and completion rates, exceptional quality of our MBA program,” said P.N. Saksena, associate dean, and a calculation of post-MBA outcomes. The ranking separates schools into six graduate programs and accreditation. NEWS 1 Indiana Lt. Govenor Sue Ellspermann and Professor Deanna Shively ISBDC State Director Jacob Schpok, Valley Screen Process Inc. CEO, Karen Barnett, Chancellor Terry Allison, Lt. Govenor Sue Ellspermann, Dean Rob Ducoffe, ISBDC Regional Director, Alan Steele 2 JUDD LEIGHTON SCHOOL OF BUSINEss AND ECONOMICS I ANNUAL REVIEW Leighton School is New Host of North Central Indiana Small Business Development Center The Indiana Small Business Development Center (ISBDC) announced The ISBDC offers entrepreneurs expert guidance and a comprehensive a new partnership with the Judd Leighton School of Business and network of resources for little to no cost. Services provided include Economics at Indiana University South Bend which will serve as the one-on-one consulting, strategic planning, market research, and loan regional host for the North Central ISBDC office. assistance. During his tenure Steele has successfully managed the center through a transitional period, producing impressive results in 2014. “We could not be more pleased to have a partner in the Judd Leighton School of Business and Economics to host the North Central ISBDC 2014 NC ISBDC NUMBERS: offices to continue and expand on the current assistance available for small businesses in the region,” noted ISBDC State Director Jacob • Total investments in businesses: $4,858,766 Schpok. • One-on-one counseling hours: 612 Regional Director Alan Steele has been with the ISBDC since February 2008 as a business advisor, and as director since 2012. This new • New business starts: 7 partnership with IU South Bend is the first Indiana University/ISBDC host. It will provide an invaluable opportunity for Steele to meet with clients, offer counseling sessions and most importantly tap into the rich environment of the university campus. ABOUT THE ISBDC A grand opening celebration for the new office was held on June 17 during The 10 Indiana Small Business Development Centers (ISBDC) support Indiana Entrepreneurship Week. the formation, growth, and sustainability of Indiana’s small businesses by providing entrepreneurs expert guidance and access to a network of “Hosting the North Central ISBDC fits perfectly with the mission of IU resources. Funding for the regional ISBDCs comes from state universities, South Bend,” said Chancellor Terry Allison. “As a public regional university chambers of commerce, economic development offices, mayor offices, we want to help drive local economic development.” and banks. Statewide financial support is provided by the U.S. Small Business Administration, the state of Indiana, and Ivy Tech Community “The Leighton School is ready to work with Alan Steele and the ISBDC College. Administratively, the ISBDC Lead Center is operated by the to support small businesses in the area in any way we can,” said Rob Office of Small Business and Entrepreneurship (OSBE), an agency of the Ducoffe, dean of the Judd Leighton School of Business and Economics. Office of Lt. Governor Sue Ellspermann. To learn more about the ISBDC and to become a client visit: www.isbdc.org. NEWS 3 Heather Short-Davis, marketing and advertising major. of 249 from 238 participating MBA The business exam contains 120 multiple- programs. In 18 of 38 separate choice items, some of which are grouped administrations of the MBA exam in sets and based on diagrams, charts and since 2002 when it was first tables of data. The MBA test consists of 124 implemented, Leighton School MBA multiple-choice questions, half of which are Leighton Students students have performed in the top based on short case-study scenarios. Dean 10 percent or better on these exams. Rob Ducoffe said the scores reflect the learning environment. “Consider that when Continue Excellence In the undergraduate program, most students arrive at IU South Bend, their Leighton School students scored scores on the ACT (undergraduate) and in the top 11 percent in the ETS GMAT (MBA) entrance exams are around the in National Exams comprehensive field test in which national average. When they take the Major 563 schools participated during Fall Field Test in Business in their final semester, Leighton School students in the MBA 2014. The mean score for IU South Bend as a group, they often place ahead of test program scored in the top 1 percent in students was 159 compared to the national takers at 90 percent of institutions across the Educational Testing Services (ETS) mean of 150.6 from the participating the United States. These outcomes indicate comprehensive business field test for both schools. In 32 of 51 separate administrations how much business students learn relative Summer 2014 and Fall 2014 administrations stretching back over 18 years, Leighton to their peers, the effectiveness of business of the exam. Their average score was 270 School students have performed in the top and economics faculty as teachers, and the compared to the national average score 10 percent or better on these exams. significant value of a business education at 4 JUDD LEIGHTON SCHOOL OF BUSINEss AND ECONOMICS I ANNUAL REVIEW The faculty of the School of Business and Economics is devoted Summary of ETS to quality teaching.