VOL 19, WINTER 2001 SCHOOL OF BUSINESS REPORTS U N I V E R S I T Y O F S O U T H E R N I N D I A N A Revised M.B.A. offers custom features Flexible scheduling, nology. Major features of the revised Hall to direct program include the following: online courses serve • Survey courses have been M.B.A. program reduced from 15 hours to 12. This change in the number of prerequisite Dr. Ernest H. Hall has busy professionals credit hours expedites entry into the been named associate dean of M.B.A. program for a student who the School of Business and who want to advance earned an undergraduate degree in a director of Revisions in the Master of Business discipline other than business. Most the Master Administration program to become individuals who earned a business of Business effective in the fall will allow students degree already will have completed the Adminis- more control in developing a curricu- prerequisite courses. tration lum appropriate to their needs and • The foundation skill require- program. more flexibility in scheduling their ment of calculus has been eliminated. Hall classes. Courses requiring calculus have been joined USI Dr. Ernest H. Hall , director of the redesigned to integrate the quantitative in 1992 as M.B.A. program, said, “As change Hall skills necessary for success in the busi- director of continues to accelerate in the work- ness world. the Small place, it is imperative that the business • Core courses have been reduced Business Institute and as assis- of education evolve and continuously from 30 to 25 hours. The new core tant professor of management. reinvent itself.” courses have been reegineered to focus He was named associate pro- Hall said that one of the most on the critical needs of business profes- fessor of management in 1995 important attributes that sets apart the sionals. and promoted to professor in USI M.B.A. program is that it offers • Elective hours have been 2000. Hall has made presenta- access to qualified faculty within small increased from six to 12. The doubling tions at state, regional, national, classes. To prepare students for the future, of elective hours allows students to the updated curriculum reflects the customize the M.B.A. program in a See Hall, page 4 latest in business information and tech- specific area of business to fit their needs and desires. See M.B.A., page 4
Dr. Dane M. Partridge, associate professor of management, and stu- dents in the M.B.A. program share ideas in a forum setting. The gradu- ate program helps future business executives devel- op leadership skills and the ability to solve problems on the job. nology option to meet the needs for Dean’s letter scientific and engineering applications. The program will need consider- Technology, the economy, and able new funding for faculty to teach the courses and computers to support the new students. Our plan is to begin the USI School of Business this program in the fall. In June, we formed a task force to By Phil Fisher customer ser- take a look at what we should be doing vice, lower about electronic business (e-business). These are truly exciting times. The marketing costs, We looked at programs at other schools United States is experiencing its long- and develop around the country and then organized est period of continuous economic new customers. a panel of local experts who are devel- expansion. Unemployment is at its In the oping e-business applications in their lowest point in 25 years. Thousands of opinion of most companies or as consultants. We are former welfare recipients are working. experts, this designing programs at three levels: (1) Huge federal deficits have become transformation developing the knowledge of electronic surpluses. Inflation remains relatively of business business that every School of Business low; interest rates remain lower than processes has Fisher graduate should have, (2) developing a rates during most of the ’80s and ’90s. not yet run its broad knowledge of business applica- Most experts credit the revitaliza- course. Many businesses are still in the tions of e-business technology for stu- tion of our economy mainly to gains in middle of changing the way they do dents in our business administration productivity made possible through things, almost all are still refining those major, and (3) producing e-business technology, especially the application processes they have changed, and some experts who would both understand of advances in telecommunications and businesses have barely started. business applications and have the computing. Productivity, that is, the What does this mean for the USI technical knowledge necessary to value of goods and services produced School of Business? One thing that is design and install the applications. by a unit of labor, increased by an aver- slowing the adoption of new technolo- We are taking care of level one age of 1.4 percent per year during the gy is a shortage of people who have now by integrating e-business concepts ’70s, ’80s, and into the ’90s. Since both a knowledge of technology to and applications into our current cours- 1995, productivity has increased by an develop the necessary systems and a es and by offering special topics courses average of 2.9 percent or slightly more knowledge of business processes so that that provide a broad introduction to than twice the rate of increase during the systems they develop are effective. the field. We may add an introduction the previous 20 years. We are responding to this need with to e-business course to our business While businesses have used com- proposals for new programs. core required of all business majors. puters intensively for many years, the In 1994, we reactivated our major How we address levels two and three is development of the Internet created in computer information systems. It has yet to be decided, but we may begin to opportunities for the convergence of since been our fastest-growing major offer new courses as early as 2001-02. advances in computing with advances with 265 majors this year. This pro- We estimate that offering the full in telecommunications to radically gram is a 61-hour major with 31 hours range of programs will require at least alter business processes and reduce of the business core and 30 hours of as many resources as the applied com- costs. The leaders in this are the tech- information technology courses that puter science degree and that resource nology companies themselves. Under- focus on business applications. limitations in the form of faculty who Secretary of Commerce Robert Shapiro This year we have proposed a new can teach these courses will control said in a speech last year that informa- major in applied computer science. how fast we are able to move in this tion technology companies had experi- While the School of Business will offer direction. Nevertheless, we will go enced a gain of 10.4 percent in produc- this degree, it will not be a business forward as quickly as we are able to tivity during the ’90s. degree, but will focus on the skills provide our students with the educa- While retail sales over the Internet needed for software development as tion they need to be successful in our have received the most publicity, most opposed to the systems focus of the new economy and provide employers of the productivity gains have been computer information systems program. with the people they need to go for- and will continue to be realized in There is a need for versatile software ward with the new technology. streamlining the supply chain, that is developers in the area, and this pro- The new economy offers many business-to-business supplier and ven- gram was developed with the advice of opportunities for businesses and busi- dor activity. The Internet offers busi- a panel of local information technology ness school graduates, but it also pre- nesses opportunities to lower purchas- professionals to meet the needs of area sents enormous challenges to businesses ing costs, reduce inventories, reduce businesses. It will be offered with two and business schools. These are truly cycle times, provide more efficient options, a business option and a tech- exciting times.
2 University of Southern Indiana School of Business School of Business briefs Paper on XBRL recognized as best Faculty appointments announced at meeting abroad The School of Business welcomes- Brian McGuire is the following new faculty members: co-author of research • Dr. Marvin Albin is professor of computer information systems and on financial data chair of the Information Systems and Brian L. McGuire, USI assis- Business Education Department. He tant professor of accounting, is co- formerly was director of Sioux Falls author of a paper which was recog- Programs, an outreach program at nized with a top award at an inter- Dakota State University in Sioux Falls, Albin Byoun national conference in November. South Dakota. He earned a bachelor’s Entitled “The Emerging Elec- degree from Murray State University, a tronic Business Reporting Language master’s degree from the University of XBRL,” the paper earned the Best Kentucky, and a Ph.D. from Arizona Paper Award at the 2000 Interna- State University. tional Conference on Artificial • Dr. Soku Byoun has joined the Intelligence and Emerging Tech- School of Business as assistant professor nologies in Accounting, Finance, of finance. He received a bachelor’s and Tax. XBRL (Extensible Finan- degree from University of Suwon, cial Reporting Markup Language) is Suwon, South Korea; a master’s degree Friesner Pierrot a language that provides the ability from University of Illinois; and a Ph.D. to prepare, publish, exchange, and from the University of South Carolina. analyze information in financial • Dr. Daniel Friesner has been tor in marketing. In Evansville, he reports in a variety of formats. appointed assistant professor of eco- previously held marketing management Representatives from universi- nomics. He earned a bachelor’s degree positions with Mead Johnson and ties and organizations throughout from Gustavus Adolphus College in St. served nine years as marketing director the world attended the two-day Peter, Minnesota, and a Ph.D. from for Citizens Bank (now Fifth Third conference in Heulva, Spain. The Washington State University. Bank). Pierrot also has experience as meeting was sponsored jointly by • William Pierrot , formerly an an independent marketing consultant. the Research Group on Artificial adjunct faculty member for the School He earned B.A. and M.A. degrees from Intelligence in Accounting and the of Business, has been appointed instruc- the University of Iowa. Artificial Intelligence and Emerging Technologies Section of the Ameri- can Accounting Association. McGuire specializes in the area Maier-Lytle completes accounting internship of accounting information systems. Co-authors were Liv Watson, an Jeanette G. Maier-Lytle ’95 M.B.A., instructor in accounting, completed information technology consultant a faculty internship during the summer at Mead Johnson Nutritionals in for Vision 2000 in Evansville, and Evansville. She worked full-time for six weeks in the area of cost accounting, Eric E. Cohen of Pricewaterhouse- assisting the deparment in the budgeting process and developing analytical Coopers LLP in Rochester, New tools for cost comparison. York. Since returning to the classroom, Maier-Lytle has hosted a Mead Johnson Another article on XBRL by official speaking to her students on activity-based costing and has led students McGuire and Abbas Foroughi, on a tour of the company’s facilities. “I share many examples from my work Mehmet C. Kocakulah, and Jeanette experience at Mead with my students,” she said, adding that she feels addition- Maier-Lytle of the USI School of Busi- al opportunities for guest speakers, plant tours, and student internships will ness faculty appears on page 8 of this develop from the relationships built during the internship. newsletter. The faculty internship program is an ongoing program of the Accounting Circle, an advisory board to the accounting programs. Maier-Lytle is the sec- ond member of the accounting faculty to complete an internship. Dr. Brett J. On the Web Long, associate professor of accounting and business law, completed a tax See http://businss.usi.edu for informa- internship with the Evansville firm of Harding, Shymanski & Co., in 1999. tion about the University of Southern Indiana School of Business.
Winter 2001 3 Evansville Factbook now available online
The Evansville Factbook 2000-01 is a one- tative resource are supported by the Center stop, up-to-date, accurate, and comprehen- for Business and Economic Research at the sive source of economic, social, and demo- USI School of Business. The sixth edition of graphic data on Evansville and the region. the Factbook is now available online with Research and development for this authori- links to sources. http://business.usi.edu/factbook
Hall M.B.A. The M.B.A. program is accredited by AACSB - The International Asso- Continued from page 1 Continued from page 1 ciation for Management Education. and international meetings on topics In revising the program, Hall said related to corporate diversification, •Five of the 10 core courses will the School of Business relied on the international strategy, ethics, and meet two hours a week rather than M.B.A. Advisory Board, a group of employee compensation. Some of his three. The new design will allow stu- executives from Tri-State business and research has been published in Acade- dents to enroll in two classes (of two industry, and upon alumni and student my of Management Journal, Strategic hours each) in one evening, thereby feedback. Management Journal, Academy of Man- minimizing their travel time to cam- agement Executive, Journal of Business pus. Strategies, Central Business Review, and • A new leadership skills class International Association of Management which is part of the core will be dedi- Master of Business Journal. cated to developing better teambuild- Administration Hall has served as a consultant to ing, technology, and communication area businesses since 1993 and is the skills. The class is designed as a work- Course Hours University representative on the For- shop with experiential exercises appli- Survey Courses (prerequisites) cable to the business world. eign Trade Zone Project Team. Survey of Accounting 3 He earned a Ph.D. from the Uni- • The first online course in the Survey of Economics 2 versity of Mississippi, an M.B.A. from M.B.A. program will be offered in Survey of Finance 2 Louisiana State University, and a B.S. spring 2001. It is expected that addi- Survey of Marketing 2 from the University of New Orleans. tional courses, including the prerequi- Survey of Statistics/ site survey courses, will be developed Operations Research 3 for online delivery in the future. Total 12 M.B.A. program • Course content has been restructured throughout the M.B.A. Required Graduate Core Managerial Accounting 3 program to integrate technology, diver- For more information Leadership Skills 3 sity, and globalization across the cur- Operations Research/ www.usi.edu/gradstud/business.htm riculum. Advanced Statistics 3 •Classes on e-business are under Management Information Systems 2 Online application development. Operations Management 2 http://www.usi.edu/gradstud/forms/app. Hall said, “The single most Managerial Economics 2 pdf important objective of the M.B.A. Financial Management 3 program is to produce future business Marketing Strategies 2 Office of Graduate Studies leaders. Undergraduate programs pro- Organizational Behavior/Human Peggy Harrel, Director Resources 2 vide individuals with knowledge. 812/8465-7015, [email protected] Strategic Management 3 Graduate programs take that knowl- Total 25 School of Business edge and build upon it; but, more 812/464-1718 importantly, they provide individuals Elective Core 12 with opportunities to develop their Dr. Ernest H. Hall, Associate Dean leadership skills. The M.B.A. program Total Required and Elective Core 37 and Director of M.B.A. program prepares its students to lead the pro- 812/464-1926, [email protected] cess of change that is so critical in Total Survey Courses and today’s business world.” Graduate Core 49
4 University of Southern Indiana School of Business Four Ownby brothers choose School of Business Meet Brad, Nathan, Chad, and Jeremy — all enrolled at USI
Four new students in the Universi- ty of Southern Indiana School of Busi- ness during the fall semester all came from the same family. They are the Ownby brothers — Brad (born 1977), Nathan (born 1978), Chad (born 1979), and Jeremy (born 1982). Brad is a senior majoring in busi- ness administration with an emphasis in management. He chose a business major because he hopes someday to be his own boss. Nathan and Chad are both juniors majoring in finance. Nathan looks forward to a career in investments or as a financial consul- tant; Chad is interested in becoming the chief financial officer of a company. The Ownby brothers are, from left, Nathan, Brad, Chad, and Jeremy. Jeremy, a freshman, is following in the footsteps of oldest brother Brad with a business administration major. The brothers and their parents moved to Evansville in 2000 when Nathan and Chad are pleased that USI School of Business coursework in bui- their father, Thomas, became manager offers a finance major since that option ness communications. They agreed that of production engineering and estimat- was not available at their previous uni- these assignments give them network- ing for the Keller Crescent company. versity. The brothers also like practical ing opportunities and prepare them for The three oldest transferred from a assignments that give them hands-on their own involvement in business state university in Georgia; USI is the knowledge of the business world. situations. first college that freshman Jeremy has Among them, Nathan, Chad, and Brad Other pluses are the School of experienced. have interviewed staff members from Business accreditation by the AACSB - The brothers are enthusiastic about various investment firms and several the International Association for Man- the quality of their experiences at USI. restaurant managers as part of their agement Education, the friendliness and concern of faculty and staff, the modern facilities, and the parking. Faculty Experts Guide The brothers share a 1992 Buick Century with more than 231,000 miles on it for their 10-minute commute to Do you need information or expert consultation? Faculty members in campus. They have become masters at the USI School of Business have expertise in many business-related coordinating their schedules so each is on campus when he needs to be. topics. If you need information or want expert consultation, School of Will there someday be more Own- Business faculty members may be able to assist you. bys at USI? The four School of Business students have two younger brothers: Justin (born 1984), a high school To get your copy of the USI School of Business Faculty Experts Guide: sophomore, and Geoffrey (born 1986), 812/465-1681 an eighth grader. http://business.usi.edu/expertguide
Winter 2001 5 Improving the transfer of financial data online New XBRL language how the information in a Web page which is the same for all companies should be displayed. For example, the and consistent from one financial will streamline transfer tags and (when placed statement to another. around text) indicate that the text In 1998, a task force began to between the tags should be displayed in By Abbas Foroughi, explore the use of XML for the elec- bold format. tronic reporting of financial informa- Brian L. McGuire, HTML gives programmers a great tion. The task force agreed to provide Mehmet C. Kocakulah, and deal of room for originality and creativ- funding for a project which would Jeanette Maier-Lytle ity in formatting Web pages. Individual create a prototype set of financial companies develop their own propri- statements in XML. An XBRL Steer- Editor’s note: The following information is an etary standards for using HTML, stan- ing Committee was created in 1999 edited version of an article entitled “XBRL: The dards which (more often than not) do Future of Online Financial Data.” and currently includes over 30 mem- not conform to any other company’s ber companies and organizations. Introduction HTML. As a result, HTML does not The XBRL Working Group main- The “information superhighway” is easily facilitate the essential require- tains a Web site XBRL.ORG, which proving to be a great way to do busi- ment for business-to-business transac- publishes up-to-date information per- ness. A number of companies are tions — the reliable exchange of data. taining to the adoption of XBRL. In increasing their visibility on the Inter- It has been said that “today’s Internet is October 1999, the XBRL Steering net and displaying many types of infor- a vast, unruly collection of HTML, Committee completed an experimen- mation, including financial informa- Java SCRIPT and Java on the client tal prototype of XBRL (which was tion, about themselves. However, the side, and a grab-bag of scripted and used to create financial statements for lack of standard definitions for various compiled languages on the server side.” 10 companies), and a Working Group types of data on Web sites and the use presented the first phase of XBRL of proprietary formats for presenting Understanding XML standards in March 2000. XBRL is financial information creates confusion One must first understand XML expected to be freely licensed and used and limits the usefulness and transfer- (Extensible Markup Language) in order extensively by accountants. ability of such reports. to understand XBRL since XBRL is To make on-line financial report- based on XML. In 1996, XML was Benefits of XBRL ing more usable, XBRL (Extensible introduced to provide a structure for XBRL will offer many benefits to Financial Reporting Markup Language) creating Web pages with content more the accounting profession, including is being developed by a consortium of accessible, usable, and transferable to the following: companies and organizations as a stan- various applications. • Automatic exchange and reli- dards-based program. This language XML uses pairs of tags to provide able extraction of financial informa- will provide users with the ability to metadata (or information). Standard- tion among various spreadsheets and prepare, publish, exchange, and analyze ized XML tags identify text as being software applications which share the information in financial reports in a certain types of data elements, similar XML format variety of formats. In addition, it will to those in a database. Applications serve to integrate software applications can easily zoom in on XML-created by enabling the automatic exchange Web pages and extract specific data and reliable extraction of financial elements. For example, a computer information among various users. could easily read and/or extract a patient’s name and/or allergy condition About the authors The Need for XBRL from the following XML notation: The co-authors are members of the Despite the excitement over
6 University of Southern Indiana School of Business • Automated and reliable compar- ing supply chain. Companies will be Every public company will be able to isons between business entities made able to prepare financial statements make its financial information available possible by the use of standardized tags more efficiently, creating them once on its Web site. Companies applying for • One-time creation of financial and then rendering them as printed loans will be able to e-mail to the bank statement information, which can then reports, on Web sites, or as regulatory their XBRL-formatted financial infor- be rendered many times (i.e., as a print- filings. Analysts, investors, and regula- mation, which automatically will be ed document, a Web page, a bank filing) tors will benefit from automated analy- imported into the bank’s loan analysis • Cross-referencing of financial sis, less re-keying of information from software. statements to all major authoritative one form into another, and the ability Financial auditing can be a contin- accounting pronouncements and stan- to receive information in the preferred uous process performed on a daily basis dards format for specific types of analysis. instead of once a year. XBRL will make • Cross-referencing to all other possible an auditing by exception pro- major reporting formats cess that will improve security within • Support from all major account- the company. In addition, the auditing ing software developers and providers of process will use intelligent agents to audit work papers If XBRL fulfills its notify the auditor of discrepancies in • Flexibility for users to create objectives, it will result in near real-time. A bank in Italy already additional tags to extend the XBRL offers loans at lower rates to companies language to fit their needs enhanced communication of that use XBRL standards because the • Direct extraction and importa- financial information, reduced companies can audit themselves more tion of data from financial statements consistently and are, therefore, lower into financial statement analysis costs of doing business, and loan risks for the bank. • Sharing of data between any increased efficiency of business database and application which sup- decision making. Conclusions ports the XML format Expectations are high for the • Security feature that indicates if XBRL Work Group’s release of the an XBRL file has been modified newest accounting-specialized Internet • Readiness for international use programming language. If XBRL fulfills (XML uses unicode, enabling informa- XBRL will eventually be used to its objectives, it will result in enhanced tion exchange in all major languages) represent all authoritative accounting communication of financial informa- literature, reporting precedent, and tion, reduced costs of doing business, Prospects for the Future of XBRL accounting research materials. The and increased efficiency of business XBRL will have major impacts on Security and Exchange Commission decision making. all participants in the financial report- soon will use XML as a filing format. School of Business to offer computer science major New program responds to regional workforce needs of ‘new economy’ The School of Business will offer a major in computer The progam will offer two tracks: business and technical. science beginning in the fall. The program was approved in The proposal to fund the program includes the addition December by the Indiana Commission for Higher Education of faculty members and a state-of-the-art laboratory equipped and awaits funding by the legislature. with computers using the Linux operating system. Dr. Marvin Albin, professor of computer information Albin said that the School of Business expects some stu- systems and chair of the Information Systems and Business dents enrolled in the computer information systems program Education Department, said the School of Business developed and the computer science minor to be interested in the new the program based on workforce devlopment needs in south- computer science major as soon as it becomes available. western Indiana. A report released last summer by the USI The new progam will provide outstanding career opportu- President’s Task Force on Economic and Workforce Develop- nities for graduates and meet crucial needs for employers. ment indicated that the demand in the region for computer Albin said, “There is plenty of demand right here in the area scientists would grow by 300 job openings from 1996-2006. for graduates in computer science.” The School of Business currently offers a major in com- The ICHE has indicated a desire to focus on programs puter information systems, which prepares individuals to that will result in more students enrolling in and graduating develop and support computer systems in a business or orga- from “new economy” degree programs. These include pro- nizational environment. grams in information technology, science, mathematics, busi- The new major will be an applied computer science pro- ness, engineering, and other technology-related fields that are gram, preparing graduates to develop and engineer software. critical to Indiana’s economic welfare.
Winter 2001 7 Larry Arp: looking ahead for USI Professor retires after 28 years of distinguished service to University, profession
Even though Larry W. Arp has need to prepare increasing numbers of in 1999. He is widely recognized for his witnessed dramatic change and growth business education teachers for sec- service to his profession, particularly for in the last 28 years at the University of ondary schools. A teacher shortage is his work on the Leadership Board of Southern Indiana, he thinks the best predicted in the next 10 years as baby- the Region 13 Southwestern Indiana years for the University are ahead. Arp boomers begin to retire. Arp said that Partnership for Workforce Develop- retired in July as professor of business some larger school systems across the ment and for contributions to Indiana’s education and chair of the Information nation offer signing bonuses or higher Tech Prep program that prepares stu- Systems and Busi- starting salaries to encourage careers in dents for careers through a combination ness Education teaching. of school-based curriculum and work- Department in the In addition to taking on increasing based experiences. One Tech Prep ini- USI School of responsibilities in the teaching arena tiative is the Faculty-at-the-Factory Business. over the years, Arp served from 1987- program which places high-school When he 91 as director of athletics, which was teachers in one-week paid internships joined the Univer- then a half-time position. “I’m proud during the summer to learn about a sity in 1972 as that the wooden floor on the basketball business. Teachers come back to the associate professor court and the lights on the soccer field classroom knowing more about what of business, the Arp were installed during that time,” he their students need to learn in the discipline of busi- said, recalling the USI Athletics pro- classroom to be effective on the job. ness was still very much a “data pro- gram as it came of age. Arp also helped introduce a col- cessing environment.” There were no Arp was named chair of the Infor- lege-level business course in the high computers on campus. Processing was mation Systems and Business Education school curriculum. Students who com- done at a remote location. At retire- Department in 1991. plete the course receive both high ment, Arp chaired a department that He believes that USI is on the school and college credit. offers undergraduate majors in comput- threshold of achieving strong regional In 2000, Arp was named the Out- er information systems and business or national recognition. In particular standing Career and Technical Educa- education as well as a post-baccalaure- for the School of Business, he said the tor by the Indiana Association for ate certificate in computer information accreditation from the AACSB - The Career and Technical Education for his systems. International Association for Manage- service as an “exemplary role model of As the department continues to ment Education has led to higher professionals in the vocational-techni- prepare students for the workforce, Arp expectations. cal area.” has some observations about its future. “We enjoy a Arp has served as “The technology continues to measure of com- chair or member of all change rapidly and the ability of the munity support We enjoy a measure of major University and University to educate faculty and keep that is a positive community support that is School of Business them up to date with information tech- influence on what standing committees, nology is going to be difficult,” he said. we do,” he said. a positive influence on including the Faculty “Even though we have sabbatical poli- Arp earned a Senate. He was presi- cies, we probably have to provide sab- B.A. from the what we do dent in 1992 of the baticals more often. Faculty almost University of Indiana Business Edu- need some new training each year and Northern Iowa, an cation Association. more in-depth study every two or three M.A. from Adams State College, and As retirement begins, Arp plans to years.” an Ed.D from Utah State University. concentrate first on enjoying the more Arp also pointed out the difficulty Before joining USI, he was a graduate relaxed schedule and then he hopes to of attracting qualified faculty in the teaching assistant at Utah State and continue involvement in some of the information technology field because of spent several years as a high school service activities that he has found the many opportunities available to teacher and football coach in Nevada, meaningful in the past. He has served them in the private sector. He indicat- Colorado, and Iowa. on the United Way allocation commit- ed a need to compensate faculty appro- Arp was awarded the Distinguished tee, the executive boards of both the priately in order to compete with pri- Service Award in 2000 by the USI Friends of the Willard Library and the vate industry for their talents. School of Business and was named Friends of the Evansville-Vanderburgh Another challenge for the depart- Outstanding Business Educator by the Public Library. He also has been active ment in the years ahead will be the Indiana Business Education Association in First Presbyterian Church.
8 University of Southern Indiana School of Business Alan Brill urges students to take on difficult tasks How to make yourself Ecuador. “It was an oppor- valuable in workplace tunity to find out about Alan Brill, founder and president myself and of Brill Media Company, advised stu- how I’d dents in the School of Business to seek respond to and accept the most challenging tasks circumstances their employers have to offer. I had never “You find out that you can do encountered,” things you didn’t think you could do,” he said. After said Brill, whose Evansville-based com- graduate pany owns newspapers and publications school, Brill in Michigan and radio stations in worked in Evansville, Colorado, Minnesota, finance, real Pennsylvania, and Wisconsin. estate devel- Fall 2000 Executive-in-Residence Alan Brill talks about career plan- Brill spoke to faculty and students opment, and ning with School of Business students. October 19 as the Executive-in-Resi- management dence, a program that brings a senior before starting his own media company. Brill also discussed trends in the executive to campus once a year for a He urged students to accept business environment that concern day of presentations to faculty and responsibilities that prepare them to him. These include increasing regulato- students. take advantage of future opportunities. ry encroachment, lack of an under- Before entering the M.B.A. pro- He also reminded them that their value standing of the role of profit, a growing gram at Harvard University, Brill spent in the workplace comes from being sense that the Internet can replace a year in the Peace Corps, working to valued by someone else — a boss, cus- direct human interaction, and the develop a credit union movement in tomer, or lender. decline of localism.
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We welcome comments from our alumni and friends regarding accomplishments, career choices, and momentous personal events. Send to Nancy F. Bizal, School of Business, University of Southern Indiana, 8600 University Boulevard, Evansville, IN 47712-3597 or [email protected].
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Winter 2001 9 July 1, 1999–June 30, 2000 Rodney Drew Kerns ’95 Glenn T. ’90 & Christa D. Kingsbury ’90 Daniel L. & Suzanne R. Knies ’88 School of Business Honor Roll of Donors Weechee Koh ’94 Kenneth E. & Tammy D. Liebchen ’90 Alumni, special friends, faculty, and the business community have generously sup- Craig & Elizabeth H. Masterson ’87 ported the School of Business. Financial contributions provide access for students and C. David Matthews faculty to electronic databases, buy books for the library, support faculty development, James R. Mattingly ’96 Kevin A. & Martha T. McClain ’93 fund scholarships and fellowships, and bring business leaders to campus to meet and talk Lisa R. Merkley ’98 with students. Thank you for your support! Sharon R. Mondino ’96 Dennis R. & Michele A. Motz ’91 Individual Donors John L. & Pamela A. Deem ’83 Derrick H. Pickett ’94 Jason L. & Deborah L. Fleck ’91 Brian W. Price ’93 & Stephanie D. Purcell James H. & Gayle S. Priest ’84 DEAN’S CIRCLE ($1,000 and up) James A. & Yvonne T. Floyd Lawrence L. ’74 & Cecelia M. Hamilton Robert J. ’91 & Ginny L. Roth Dean A. & Karen M. Bosler ’74 Wanda B. Hibbitts Angelo P. ’96 & Vanessa L. Ruehmkorff ’97 Philip C. & Helen J. Fisher Karla L. Horrell ’77 Terrance J. Milton & Sherri A. Ruggier- William E. ’73 & Kathleen R. Fisher Ronald D. & Elaine Inkenbrandt ’93 Milton ’77 Robert E. & Judith A. Griffin Paul E. ’80 & Charlotte A. Kohlman Bradley M. ’89 & Tammy L. Rust ’93 Susie Gumberts Daryl L. Laughbaum ’99 Mark & Renee Sanders ’84 Daniel S. ’79 & Kimberly S. Hermann ’79 Philip Lieberman & Mary H. MacGregor Christopher A. & Renae Scholz ’94 James R. & Valerie A. McKinney J. Michael ’77 & Deborah L. Mason Dion & Sonya K. Seufert ’93 Norman B. ’77 & Vivian M. Miller Frank F. ’73 & Nancy A. McDonald Susan Clark Shepherd ’82 Brian L. & Jean E. McGuire Jennifer L. Skaggs ’94 FELLOW ($500 and up) Carl W. & Phebe M. Minton Rumpa S. Suwannetr ’76 Wilder H. ’89 & Janel S. Allen Roger D. ’92 & Mindy Orth ’92 Samuel L. & Alyce G. Tanner ’90 Larry W. & Linda M. Arp Randy & Cindy J. Owens Robert S. ’74 & Linda Tevault ’75 Emmet D. & Ruth O. Edwards Munir & Tasmina Ali Quddus ’92 Edward C. ’73 & Lois Thompkins N. Keith & Susanne R. Emge Ronald D. ’73 & Connie S. Romain ’74 Ann E. Titzer ’98 William E. ’97 & Susan R. Moore Carl L. Saxby Scott & Angela L. Torres ’98 Daniel L. ’76 & Kathy J. Schenk ’99 Sherry L. Unthank ’90 COLLEAGUE ($200 and up) Nancy J. Sieben ’93 Michael P. & Jennifer A. Wagner ’98 Daniel J. ’87 & Kimberly R. Ackerman Ronald N. ’92 & Shannon M. Sweeney William E. & Mitzie A. Weiss ’87 Al & Winona Adams Michael A. ’71 & Linda K. Tiemann ’96 Connie S. Wellmeyer ’84 Nancy F. Bizal Marwan A. Wafa & Sahar M. Al-Masri Jamie L. Wicks ’91 Alan R. Brill John J. & Judith C. West ’93 Beth A. Will ’98 James R. & Elizabeth Dodd Michael W. ’75 & Zadie E. Whipple ’78 Jeffery M. ’81 & Donna W. Wolf ’81 Larry K. ’74 & Margie E. Drennan ’94 James L. & Karen K. Will Russell L. ’79 & Susan E. Woosley Abbas & Gertrude L. Foroughi Dale E. & Jennifer J. Williams Marvin J. & Nancy G. Wright ’83 Richard L. & Carolyn S. Georgette Tracy R. Wood ’94 & Leticia Quinones William C. & Gayle B. Henderson ’86 Robert Carl ’92 & Caroline Nevill Woosley OTHER Philip C. & Cathy L. Huestis ’88 Kevin M. & Diane L. Alvey ’91 Thomas H. Kramer FRIEND ($25 and up) David A. ’80 & Karen B. Cave ’82 David & Patricia S. Kroen ’94 Scott C. & Roxy M. Baas Michael W. ’78 & Terri A. French ’78 Thomas O. & Karen D. Magan Thomas R. & Sandra C. Bailey ’83 Kevin L. & Angela Wittmer Wildeman ’87 Timothy B. Mahoney Hershel M. ’81 & Joyce M. Baine Michael H. & Vicky A. McCluskey ’98 Jon M. Barker ’73 Stanley J. ’82 & Theresa M. Miller Robin L. Barton ’87 Corporate Donors Allen R. ’74 & Brenda L. Mounts ’89 David A. & Karen M. Bottoms ’97 Kenneth L. ’76 & Janet L. Sendelweck Eric J. Braunecker ’92 DEAN’S CIRCLE ($5,000 and up) Daniel E. & Janet E. Wade Clifton D. ’82 & Joyce A. Brewer ’82 American General Finance Foundation Crayton C. & Harriet R. Walker Glen R. Brown ’96 Kimball International - Habig Foundation, Wayne A. & Linda S. Bueltel ’96 Inc. ASSOCIATE ($100 and up) J. Scott & Joanne Burke ’97 Grant: George S. Abshier Kelly L. & Carolyn A. Dearmond ’93 Indiana Dept. of Workforce Development Bruce H. & Carol A. Baker Tony J. ’93 & Kelly L. Dillon ’92 John J. ’80 & Carol M. Bolger Eric G. & Lori S. Feil ’98 FELLOW ($1,000 and up) Paul E. ’73 & Christi K. Bradley John G. & Lisa D. Forzley ’95 Fifth Third Bank Michael G. ’93 & Sharyl L. Brown ’96 Steven J. Gogel ’86 German American Bank W. C. & Constance K. Bussing Dean A. ’91 & Laura M. Happe ’94 Harding Shymanski and Company Donita F. Carson ’83 Gregory R. ’90 & Diane Harpenau Integra Bank, N. A. Linda S. Cherry ’91 Terry R. ’73 & Pamela J. Fisher Hitch Old National Bank in Evansville William R. ’91 & Marjorie L. Daily ’95 W. Clay & Susan C. Jeffries ’86 Red Spot Paint & Varnish, Inc.
10 University of Southern Indiana School of Business COLLEAGUE ($500 and up) Donors to School of Robyn L. Knapp ’98 Crescent-Cresline-Wabash Plastics, Inc. Weechee Koh ’94 Jennings Station LLC Business Scholarships William H. & Trudy F. Mitchell Mead Johnson Nutritionals Christopher D. Neu ’93 & Leigh Ann Shoe Carnival, Inc. Altrusa International Scholarship Lambert-Neu ’93 Altrusa International Inc. of Evansville Mary K. Phillips ’88 ASSOCIATE ($250 and up) Thomas D. & Kristen A. Stanescu ’98 Umbach & Associates Becker Conviser CPA Review Wayne L. & Vivian Winston Scholarship Brian T. Zirkelbach ’99 FRIEND ($100 and up) Becker Conviser CPA Review Michael D. ’87 & Carolyn A. Zirkelbach Ascension Health Information Services GE Plastics Buschkill Scholarship for Business Kemper CPA Accounting Award Holiday World & Splashin’ Safari C. Jack & Ruby L. Buschkill Kemper CPA Group LLC Olive LLP Safety Management Corporation Barbara & Edward Marting Scholarship OTHER William E. & Rebecca N. Couch Janet M. Belofsky ’82 David Matthews Associates Scholarship Jeanie Diemer ’96 J. West Accounting Services Rebecca Nunn Couch Michael J. ’87 & Stephanie D. Eckert Larry Farmer Appraisal Company, Inc. Other Gifts to School Cowley-Vogelbach Scholarship Larry L. ’72 & Cynthia A. Farmer W. Edward and Dorthy E. Cowley Trusts Robert J. Grannan ’74 of Business Sheri A. Kennedy ’98 Evansville Area Safety Council Ryan W. Lampert ’98 Accounting Department Scholarship Edward D. & Barbara J. Marting Altstadt Office City Evansville Area Safety Council Scholarship Betty Ann Reynolds ’93 American General Finance Joyce A. Young ’85 Berry Plastics Corporation Expressway Dodge Annual Marketing Black Beauty Coal Company Scholarship Charles B. Michaels Memorial Donald R. ’83 & Susan L. Breivogel Expressway Dodge Scholarship Stephen C. Byelick, Jr. Michael & Melissa K. Campbell ’80 Deaconess Hospital, Inc. Frost Memorial Scholarship Eva M. Michaels ’75 Steven F. ’73 & Billie J. Farrell Dona F. Frost Gaither Rutherford & Co. Rosemarie Newhouse Memorial German American Bank Gaither, Rutherford & Co. Scholarship Scholarship David E. ’73 & Ann Gunn Gaither, Rutherford & Co. Jerald A. Newhouse Harding Shymanski and Company David A. Schapker & Caroline L. Daniel S. ’79 & Kimberly S. Hermann ’79 Bess C. & Elmer W. Halwes Newhouse Schapker Integra Bank Corporation Memorial Scholarship Michael W. ’75 & Zadie E. Whipple ’78 Keller Crescent Company Elmer W. & Doris J. Halwes Kemper CPA Group LLC Olive Accounting Award Kennedy & Associates Wanda B. Hibbitts Accounting Olive LLP Sharon Kennedy Scholarship Kimball International Larry W. & Linda M. Arp Robert D. Orr Scholarship for McCurdy Healthcare Center Dennis E. & Diana M. Biggs ’87 Global Business Jeff & Kymberly D. Peters ’87 Steven J. ’89 & Rosemary O. Bridges Robert E. & Judith A. Griffin Brad Platts Travis W. ’74 & Sarah A. Flener Robert D. Orr Kenneth L. ’76 & Janet L. Sendelweck Mark & Melody D. Linenburg ’96 Sights Denim Systems, Inc. Jeffrey M. ’94 & Kimberly R. Sickman Aline Nunn Renner Business Scholarship Robert Smith Robert W. ’72 & Roxanne Swan Aline Nunn Renner Robert W. ’72 & Roxanne Swan Daniel J. ’81 & Karen A. Tuley ’83 Roy Templin Michael W. ’75 & Zadie E. Whipple ’78 Bernard & Catherine Schenk Scholarship Michael J. Weber ’73 Jeffrey L. ’81 & Laurie E. Wilmes Donald R. & Louise A. Gottman Jeffery M. ’81 & Donna W. Wolf ’81 Kenneth R. & Rita C. Rexing ’87 Institute of Management Accountants Faculty Enhancement for Business Scholarship John Schoenenberger Merit Award for Craig R. & Peggy Ehlen Institute of Management Accountants Business Education Evansville Sheet Metal Works, Inc. John D. & Robyn A. Musgrave ’74 Philip C. & Helen J. Fisher Walter Jermakowicz Memorial Scholarship Keller Crescent Company for International Studies E. Harvey & Shirley Seaman Merit Kenny Kent Toyota-Lexus-Mitsubishi Stanley J. Barron ’76 & Andra G. Jackson Scholarship for Business Kenny Kent Chevrolet Mazda Volvo Geo Sang T. & Kyung S. Choe ’91 E. Harvey & Shirley C. Seaman Steven A. Wolf & Katherine L. Kleindorfer Chad R. ’98 & Jennifer R. Higgins Kenneth L. ’76 & Janet L. Sendelweck Mary A. Hupfer ’84 Michael J. ’91 & Lorri R. Wiederkehr Nils I. & Jane A. Johansen
Winter 2001 11 Alpha Kappa Psi business manager, it is beneficial to Lloyd indicated some of the chal- have a general idea of the market and lenges facing government. He men- to establish how it fluctuates,” he said. tioned the difficulty of acquiring and Investment Club The members plan to consider integrating modern technology and The Theta Phi chapter of Alpha investments in mutual funds as well spoke of the need for strategic plan- Kappa Psi is organizing an investment as in individual stocks. Khayum said ning in managing an organization, club as an educational project for its any gains which the club realizes will private or public, and the need for members. be used to fund travel to the organiza- strategic planning in managing one’s Dr. Mohammed F. Khayum , tion’s national convention, atten- own career. associate professor of economics and dance at leadership conferences, and In response to students’ ques- sponsor of the professional business other Alpha Kappa Psi activities. tions, he discussed the zoo, the Main fraternity, said the investment club Street walkway, his career path, and will join the National Association of Businss fraternity meets his decision to run for mayor. His Investment Clubs and will open an biggest surprise since becoming mayor account with an online broker. Mayor Russell Lloyd is “the number of people interested in Alpha Kappa Psi will devote the Mayor Russell Lloyd of meeting with the mayor,” he said. proceeds from its golf scramble in Evansville shared an informal discus- The professional business frater- June and from other chapter activities sion and luncheon recently with nity invites speakers from the com- as an initial investment. A committee members of Alpha Kappa Psi. munity to campus to give members a will make decisions about portfolio The mayor encouraged students greater awareness of how community and investment strategies. to take an active role in what is hap- leaders operate and think. Matthew Giles , a junior major- pening around them, to follow politi- ing in finance, said that club mem- cal developments, and to be involved University of Southern Indiana is an bers are focusing on the educational in the political process — including affirmative action/equal employment aspect of the investment club. “As a voting. opportunity institution.