The February 1981 Diar of ALPHA KAPPA PSI From the Desk of President Miller • • "Six Months To Go And Counting" August is rapidly approaching and it won't be long before hundreds of brothers will be converging upon Houston for our National Convention. Attendance at a National Convention can be one of your most memorable events in your lifetime. Seeing friends from across the country and making new friends and feeling the brotherhood that makes Alpha Kappa Psi great is an experience that you will always cherish. This is an opportunity of a lifetime for you to be involved in • the policy making decisions of the fraternity. In the committee meetings you will discuss the business of the fraternity and make recommendations which will be acted upon by the delegates. Among the business you will conduct are proposed changes in the Constitution. and Statutory Code and selection of a site for the 1985 National Convention. Planning for the Convention is coming along well with Bob Bell, Robert Swerdlow and Frank Brye getting together a good program package and arranging the facilities. But, you need to be there to make the Convention complete. I hope that each chapter has plans well under way to send a large delegation. If you haven't made plans, you need to start now. August will be here before you know it. You've a lot of business to take care of in Houston, and you won't want to miss it. The National Convention is a lot of fellowship and brotherhood-Hard Work and Hard Fun- LET'S MAKE HOUSTON THE CREA TEST IN '81 SEE YOU THERE!! � J. Mark Miller National President We Salute . .... Twenty-Four Chapters Celebrate Special The Anniversaries in '81 • 60 Years Alpha Gamma Chapter, University of Virginia, June 3, 1921 55 Years 1ar Alpha Phi Chapter, University of Florida, January 22, 1926 of ALPHA KAPPA PSI An Educational Journal Alpha Omega Chapter, Kansas State (USPS 156-580) University, May 10, 1926 Alpha Kappa Psi, a professional business fraternity, was founded in 1904. The Diary. its official magazine. was established in 1908. 45 Years VOLUME LXXI FEBRUARY 1981 NUMBER 2 Beta Nu Chapter, University of Wyoming, May 16, 1936 40 Years Beta Omicron Chapter, Wayne State University, May 18, 1941 In This Issue Beta Pi Chapter, University of Miami, May 9, 1941 4 What's Ahead in '81 30 Years 6 How Much of Your Knowledge is Old? Gamma Eta Chapter, University of 7 National and Regional Toledo, January 13, 1951 Gamma Theta Chapter, Bradley 9 Alumni and Faculty News University, April 15, 1951 11 The Audit Eternal 25 Years Delta Iota Chapter, Waynesburg 12 Regional Conferences College, February 19, 1956 Delta Kappa Chapter, David Lipscomb 15 Be a Life Subscriber College, February 12, 1956 16 Chapter Views and News Delta Lambda Chapter, Mississippi State University May 5, 1956 22 A. K. Psi Directory Delta Mu Chapter, John Carroll University, May 20, 1956 28 Houston '81 Convention Delta Nu Chapter, University of Dayton, May 5 1956 30 New Business Books Delta Omicron Chapter, California State University at Long Beach, June 10, 1956 15 Years Eta Theta Chapter, Texas Tech University, May 21, 1966 Frank J. Brye, editor Eta Iota Chapter, Murray State Jan Phelps, editorial assistant University, February 20, 1966 Carol Sneed, coordinator, Compolith Eta Kappa Chapter, Hardin-Simmons (Mailed February 23, 1981) University, February 19, 1966 Eta Lambda Chapter, University of Nevada, April 30, 1966 Office of Publication: 3706 Washington Boulevard. Indianapolis. Indiana 46205. Editorial Office: 3706 Washington Boulevard, Indianapolis, Indiana 46205. Eta Mu Chapter, Stephen F. Austin IMPORTANT: State University, May 1, 1966 The Diary of Alpha Kappa Psi is the official publication of Alpha Kappa Psi Eta Nu Chapter, University of Fraternity, professional business fraternity, a charter member of the Profes­ Michigan at Dearborn, April 24, sional interfraternity Conference. Published under the direction of the Ex­ ecutive Committee in the Autumn, Winter, Spring, and Summer. Alumni dues 1966 including subscription price, $10.00. Single copies. $1.25 each. Eta Xi Chapter, Youngstown State All matter intended for publication must be in the editorial University, May 22, 1966 offices. 3706 Washington Boulevard, Indianapolis, Indiana Eta Pi Chapter, Adrian College, 46205, on the first day of the month preceding the month of publication: i.e .. October 1 for Autumn issue, December 1 for October 28, 1966 Winter issue, February 1 for Spring issue, April 1 for Summer issue. 10 Years Second-class postage paid at Indianapolis, Indiana. Iota Lambda Chapter, Benedictine Statements made or opinions expressed in this publication College, April 3, 1971 are those of the writer and do not necessarily represent the opinions or policies of Alpha Kappa Psi Fraternity or its mem­ Iota Nu Chapter, West Liberty State bers. College, December 19, 1971 4 THE DIARY OF ALPHA KAPPA PSI What's Ahead in '81 by Dr. Charles L. Lapp Hanging over this country are of the world prestige that J-ias been economic, social, legal, environ­ Dr. Charles L. Lapp (A. Lambda lost in the last decade. The dollar mental, technological, political, and '54F, Washington-St. Louis) is will stabilize and fluctuate less. international problems. Plus there currently a visiting professor of This year will be dubbed a transi­ is the specter of a continuous un­ Management and Marketing at tion year. There will be a transition balanced Federal budget, continued the Graduate School of Manage­ from government overregulation to inflation, continued creeping unem­ ment, University of Dallas. He is greater deregulation; from ployment, the remains of drought well known nationally for his indifference to foreign competition and flood devastated areas, and the books, pamphlets, tapes and rec· to real concern; from attempt to always threat of some unseen crisis. ords on salesmanship. overtaxing to more realistic taxing; All of this could easily make most of from an attempt to be overprotec­ us have a negative, pessimistic out­ tive and paternalistic to evaluating look toward what is in store past can be and will be deadly. The the true cost of freedom; from throughout 1981. world economy will see a slow recov­ enforcing unrealistic environ­ However, in spite of this prologue, ery from the now prevailing slump. mental controls to considering those I'm like the fellow who went to a Anti-inflation policies will take that are realistically and econom­ banker and without collateral asked precedence over fighting increased ically beneficial to society and a for a loan of $200,000. The banker unemployment. A new economic re­ trend away from flip flop govern­ said to the man asking for the loan: surgence is imminent. World mental actions to some longer term "you will have to bring me a state­ marketers will continue to compete planning and implementation. ment." The prospective borrower re­ fiercely but more profitably in total There is reason for more opti­ plied, "I don't have to bring it to you, but not in percentages for the lucra­ mism. A tax cut forboth consumers I can give it to you right now, I'm op­ tive target markets throughout the and business alike will be on stream timistic." Yes, I am optimistic about world and particularly in the United at least soon after the beginning of 1981 and our future. I can see signs States. The other countries of the the second quarter of this year. In­ that this will be labeled a transition world seem to have had and will con­ terest rates on six month certifi­ year. Business, labor and govern­ tinue to have more faith by in­ cates of deposit will fluctuate be­ ment are beginning to realize that vesting in our farmland, factories tween ten and fourteen percent. In­ the United States can not be com­ and mines than do the citizens of the creased opportunities to obtain a petitive if these vital sectors of our United States. This year we are hedge against inflation will be nation continue to be adversaries going to see our country becoming found in real estate, stock and com­ rather than cooperating. more competitive domestically and modity markets. In fact, in the stock Much of what's ahead in 1981 can abroad. 1981 will usher in more market this will be the year that the be characterized by uncertainty. world minded thinking on the part so-called "blue-chip" stocks will Dynamic changes are going to take of our leaders. Economically, make a comeback. More credit will place. Prediction of the future is militarily and politically the United be available for building back inven­ hazardous, however, addiction to the States is going to regain a great deal tories that became somewhat de- FEBRUARY, 1981 5 treated with care and understand­ ing. Even though many accountants "This year will be dubbed a may not agree, human resource ac­ transition year" counting particularly for merger purposes and long term planning will become a reality. A new end of personal selling will pleted in 1980 to gear up foran im­ see that it is a working concept be ushered in during 1981. Many of proved year in both industrial and throughout an organization. The our salespeople will have to become consumer sales. For those firmswho original market concept of the more adept at selling in an era of exercise expense controls without 1950's will be broadened to have shortages and continued but some­ saving themselves into bankruptcy more significance than just the what abated inflation. Salespeople greater profits will be realized. thrust of a consumer-buyer orienta­ are going to have to be more than Spending on capital equipment will tion, goal-profit orientation and a persuaders and finalizers of sales.