a bryant university resource for professional success fall 2016
Innovation drives Bryant’s bold future
8575.BCFC.indd 3 11/17/16 3:40 PM FALL 2016, VOLUME 23, NUMBER 2 1 24 PRESIDENT’S MESSAGE EXPANDING THE WORLD OF OPPORTUNITY Support from generous alumni, parents, friends, faculty, staff, students, corporations and foundations is propelling Bryant’s historic PUBLISHER PROJECT COORDINATOR capital campaign, Expanding the World of Bryant University Office of Leslie Bucci ’77 Opportunity: The Campaign for Bryant’s University Advancement Bold Future has raised more than $63 million. David C. Wegrzyn ’86, PROOFREADING Vice President for Claudette Piette University Advancement Jean Plunkett 2 CULTIVATING A CULTURE PUBLISHING DIRECTOR DESIGN/PRODUCTION OF INNOVATION 30 Elizabeth O’Neil Anthony Gallotello SPOTLIGHT ON: FACULTY Gilbert Design Associates, Inc. Accomplished faculty share their expertise EDITOR Jennifer Zevon through national and international research, Karen Maguire P ’18 books, and presentations. PHOTOGRAPHY CONTRIBUTING WRITERS Stew Milne Dave Cranshaw ’08 MBA Pam Murray Nancy Kirsch Patrick O’Connor Alex Lippa David Silverman 34 Janet Proulx P ’05 SPOTLIGHT ON: CAMPUS Tina Senecal ’95, ’08 MBA PRINTED BY 6 The Bryant community connects with the 2016 Stasia Walmsley Meridian Printing HOW TO SUCCEED IN BUSINESS presidential election and welcomes prominent East Greenwich, RI The Bryant community collaboration on guest speakers to campus. CLASS NOTES Rita Colburn real-world business challenges produces Donna Harris P ’03 impressive results for industries as well David Cranshaw ’08 MBA as students. 38 SEND COMMENTS TO SPOTLIGHT ON: ATHLETICS Bryant Magazine The Bulldog baseball team sets a record for Bryant University wins and student-athletes earn accolades in the Box 2 classroom. 1150 Douglas Pike Smithfield, RI 02917-1284 401-232-6120 [email protected] 40 SPOTLIGHT ON: STUDENTS 10 Real-world learning and academic competitions ESSENTIAL ELEMENTS enhance the educational experience at Bryant. FOR STARTUP SUCCESS Bryant alumni share the critical factors for launching successful startups. 46 SPOTLIGHT ON: ALUMNI Nicholas Janikies ’57, ’86h builds an enduring legacy of success.
48 12 CLASS NOTES INNOVATION AND PASSION DRIVE ALUMNI SMALL BUSINESSES 52 Four successful Bryant alumni share their IN MEMORIAM experience in the small business sector.
Bryant’s College of Business is accredited by AACSB International—The Association to Advance Collegiate Schools of Business, which recognizes those institutions that meet its rigorous standards of excellence. 18 Bryant (USPS 462-970) (ISSN 1935-7036) is published THE BIG IMPACT four times a year in winter, spring, summer, and fall for OF SMALL BUSINESS the Bryant University community. Publication offices are Small businesses are an integral part of CORRECTION: located in the Office of University Advancement, Bryant our daily lives and play a critical role in the The father of Associate Professor of Management University, 1150 Douglas Pike, Smithfield, RI 02917-1284. nation’s economy. Periodicals postage paid at Providence, RI, Eileen Kwesiga, Ph.D., was a political prisoner and additional mailing offices. POSTMASTER: Send in Uganda. The country where he was held was address changes to Bryant Magazine, Bryant University, incorrect in a faculty profile in the Spring issue. 1150 Douglas Pike, Smithfield, RI, 02917-1284.
IFC
8575.IFC-P01-23.indd 3 11/17/16 4:50 PM PRESIDENT’S MESSAGE
This fall marked an historic moment in Bryant’s as a Masters North university in 2003, a reflection 153-year trajectory of excellence. This is the of our commitment to academic excellence and the dedicated Bryant faculty who educate and inspire strategic inflection point where we move from our students; who we were to who we will become. • Two premier projects of the historic Bryant Builds Propelled by our strategic plans and decades of hard work initiative were celebrated and dedicated on by the entire Bryant community, Bryant’s bold vision September 23-24, Bryant’s homecoming weekend: for the future is becoming reality and we are creating a the trailblazing Academic Innovation Center, which new model for educating innovative leaders with character opened with the start of classes this fall and is already around the world. receiving prestigious national awards for its unmatched environment for teaching and learning, and the world-class David M. ’85 and Terry Beirne Stadium Complex, home for Bryant Athletics and also the recipient of national recognition for design excellence. Bryant Builds is the largest and most transformative facilities initiative since Bryant’s move from Providence to Smithfield 45 years ago; • W e welcomed the incoming Class of 2020, selected from the largest and most highly qualified applicant pool in Bryant history, to the Bryant family; • B ryant secured a $2.5-million challenge grant from the Warren Alpert Foundation in support of our School of Health Sciences, to provide resources that will help us develop innovative approaches that address challenges in health care management as the industry undergoes major changes. Record philanthropic investment in Bryant’s capital campaign, Expanding the World of Opportunity: The Campaign Our mission is to not only teach innovatively but for Bryant’s Bold Future, includes support from to graduate innovators. Whatever profession our 18,112 donors so far and we have already raised graduates choose, their future will demand the five more than $64 million towards the campaign’s distinguishing traits of innovators: Curiosity and $75 million goal. creativity, connectivity, collaboration, and integrative I hope you will enjoy this issue of Bryant magazine, thinking as well as the perseverance and grit to which explores the arc of Bryant’s longstanding tradition embrace failure as a source of valuable future success. of innovation. We are excited to share our progress with These traits will set Bryant graduates apart and you, and hope you will visit us soon. ensure that they excel. As we undertake this inspiring mission, let’s note Sincerely, some exciting recent achievements: • In the U.S. News & World Report 2017 Best College rankings released in September, Bryant University breaks into the top 10 in the Regional Universities North category, rising to No. 9 from No. 11 last year. Ronald K. Machtley Bryant has jumped 15 points since its classification President
8575.P01.indd 1 12/8/16 12:42 PM Cultivating a Culture of Innovation
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8575.P02-05.indd 2 11/22/16 9:17 AM A pinnacle achievement in a period of unprecedented growth “Bryant’s Academic Innovation Bryant University has a 153-year tradition Center is an unprecedented of innovation, continuously anticipating and facility that redefines the future adapting to changes in the world to prepare of teaching and learning. students for success as innovative leaders with We are creating a world-class character. When it opened for classes this learning environment that aligns September, Bryant’s trailblazing Academic with Bryant’s bold future.” Innovation Center (AIC) represented a pinnacle Bryant University President achievement in a 20-year trajectory of unprec- Ronald K. Machtley edented growth, innovation, and transformation. The AIC is a catalyst for manifesting Bryant’s larger vision to reimagine and redefine higher education to effectively prepare students compelling vision for the project served as a compass through- to become innovative leaders for the future. out the Academic Innovation Center’s design. Prior to design and building, the University conducted significant exploration Construction of the AIC was part of the historic “Bryant and benchmarking visits to the country’s top institutions of 250,000 Builds” facilities initiative that has added square feet of higher education to see firsthand some of the latest innovations new academic and athletic facilities to the campus. in creating inspiring educational spaces. Bryant completed two The stunning new academic facility is the result of an inten- prototypes on campus, the Ideation Lab and Bello 102, which sive development and design process to create a vibrant learn- allowed faculty and students to test mobile furniture and ing laboratory that removes traditional physical and intellectual audiovisual tools that would be used in the AIC. These experi- boundaries to teaching and learning. Bryant University’s clear, ences enriched the development of the Academic Innovation Center’s design with lessons learned and best practices.
A UNIFYING SPACE FOR ALL ACADEMIC PROGRAMS The AIC is a state-of-the art facility that provides an active, immersive, and collaborative learning environment supporting all academic programs at Bryant University. College of Business, College of Arts and Sciences, Graduate School of Business, and new multi-disciplinary classes coexist in a stimulating climate for learning. The building is organized around the Innovation Forum, a highly flexible space whose furnishings and white- boards can be reconfigured to support various collaborative group learning activities. The building also includes tiered classrooms, flat-floor flexible classrooms, and breakout spaces to accommodate multimodal presentations and learning.
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8575.P02-05.indd 3 11/22/16 9:17 AM “Modern organizations exist “Bryant’s new Academic Innovation Center allows in an increasingly complex, for deeper learning. Professors walk around inter-connected environment and engage with all of the students. This style and must adapt and rapidly of teaching makes sure everyone understands the reinvent themselves in response subject material. The AIC is bringing the Bryant to new challenges. With the community even closer together.” AIC, Bryant faculty have new Mikayla Ott ’17 opportunities to innovate and develop new approaches.” Director of Faculty Development and Innovation Edward Kairiss, Ph. D.
Photo by Anton Grassi from ESTO Photography, courtesy of EYP Architecture and Engineering.
Prominently sited at the campus’s main experience. Bryant University’s project Academic point of arrival, the AIC welcomes visi- team created a space that: Innovation Center tors and serves as the launching point for • Enables continuous innovation in what Admissions tours. A café located near the we teach and how we teach to create an • 4 8,000 sq. ft. building entrance and adjacent to the optimal environment for learning. campus’s central pedestrian path draws • 5 tiered classrooms • Remo ves the intellectual and physical students and faculty to the AIC and fur- boundaries to teaching and learning and • 5 flat classrooms ther enhances the strong sense of com- allows the University’s world-class • 2 3 breakout study rooms munity on campus. educators the freedom to develop the • Innovation Forum most effective ways of teaching and BRYANT’S INNOVATIVE learning beyond traditional pedagogies. • C afé AND ENTREPRENEURIAL SPIRIT • Builds critical thinking and collaboration The AIC is designed to boldly advance skills within and across disciplines the innovative and entrepreneurial to prepare students to create value in spirit that characterize the 24/7 Bryant their communities and an increasingly interconnected global marketplace.
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8575.P02-05.indd 4 11/22/16 9:18 AM “Environment shapes “Innovation is the process of “The very nature of behavior, so when you creating and implementing active and engaged change the environment, an idea that generates significant learning means that all things change. You don’t positive change that users the participants have have to tell people what value. The characteristics to do something. That to do or how to do it. of innovators at Bryant include: idea of doing something Just create the right curiosity, integrative thinking, is really fostering collaboration, connectors, and space, and let them play.” and engendering the Michael Roberto, D.B.A., tolerance for failure.” entrepreneurial spirit.” Trustee Professor of Bryant University Management and Director AIC architect Kip Ellis, AIA, and Chair, AIC Faculty LEED AP BD + C, EYP Building Committee Architecture and Engineering
INSPIRING INNOVATIVE APPROACHES TO LEARNING Delivered on time and at $1 million under industry. The building superbly incorpo- of the large classrooms can be divided budget, Academic Innovation Center rates the diverse approaches to learning into two spaces. In addition, some of the was made possible in part by the generos- advocated by the Faculty Building tiered classrooms have blackboards on ity of Bryant friends and alumni. The Committee. the front three-part learning walls, while extensive preparation for this project and The AIC’s design was purposefully others include whiteboards. Furthermore, collaborative design approach resulted in tailored to meet a wide and expanding the audiovisual configuration differs an unprecedented and highly innovative range of teaching approaches. For exam- among large classrooms and breakout academic building that leverages best ple, it includes a combination of flat rooms, offering a full range of technology practices across higher education and classrooms and tiered classrooms. One and white board space.
A CULTURE OF INNOVATION IN ACTION
NICK O’HARA ’17: ventures and taking risks, he’s a seasoned Venture Competition and got to speak INNOVATIVE SERIAL ENTREPRENEUR professional. In high school, he started a to five influential Bryant alumni, who Photo by Anton Grassi from ESTO Photography, courtesy of EYP Architecture and Engineering. PLUGS INTO POWERFUL ALUMNI news service delivered through text mes- shared knowledge with him that he had NETWORK sages that folded after eight months, while only dreamed of having. After winning Major: Computer Information Systems an iPhone repair service is still going strong. $2,000 and an additional $750 to develop Minor: Communication He embodies the traits of an entrepreneur— a prototype, he invested $1,500 of his Hometown: Shrewsbury, MA willing to take risks, fail, and try again— own money for three-dimensional Path: Creating innovative products all in the quest to find that next modeling, working with an engineer to thing that people can’t live develop the eight-pound chair and a With a passion for innovation and building without. tech kit. things, as well as a love of computers, On a beach last summer This past spring, he pitched Nick O’Hara ’17 was attracted to the his sister’s phone battery the product at an open call for the University’s entrepreneurship offerings died, prompting him to “Shark Tank” television show. including: Bryant Ventures, where students conceptualize a beach chair While he did not make it to the next team-up and create the synergy to launch that could charge phones and round, he has been encouraged by the successful ventures, The Collegiate portable electronic devices interest in his chair and is actively Entrepreneurs’ Organization, Enactus, though USB ports. seeking investors. and The Goss Prize for Entrepreneurship. He entered the Although O’Hara is just beginning University’s New his senior year, when it comes to business
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8575.P02-05.indd 5 11/22/16 9:18 AM HOW TO SUCCEED
IN BUSINESS BY STASIA WALMSLEY
LINKING INNOVATIVE LEARNING TO THE BUSINESS COMMUNITY REAPS BENEFITS FOR STUDENTS AND INDUSTRY ALIKE
ast spring, in a conference room student group working on the project. Management capstone course, in which at the national headquarters of a “They were thrilled.” students help companies solve a supply L Rhode Island-based business, several Collaborations like these, between chain problem; the Carolyn Rafaelian staff from the company’s logistics and Bryant students and regional, national, International Business Practicum run by transportation team gathered to hear from and international businesses, are happen the John H. Chafee Center for Interna a group of Bryant students. The company ing every day. With experiential learning tional Business, now in its eighth year as a representatives—including the vice presi opportunities for undergraduates and requirement for all international business dent of the group—listened with polite MBA candidates becoming a critical com graduates; and a new digital marketing interest at the proposed efficiencies and ponent of post-graduate success, Bryant course that challenges students to create business optimizations. Then the students has implemented several programs that and implement client-specific social announced an eight-digit projected savings link the classroom and the community— media plans in real time. as a result of their recommendations. with exciting results for both students and “You could see everyone sit upright,” industry. “Truly staggering” impact says Michael Braunsdorf ’16, a Global Three programs in particular highlight The recommendations presented by Supply Chain Management and Political these innovative real-world consulting Braunsdorf and his classmates were part Science dual major, who was part of the initiatives: the Global Supply Chain of a capstone course titled Empirical Appli
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8575.IFC-P01-23.indd 6 11/17/16 4:50 PM cations in Global Supply Chain Manage recruit companies to the practicum. But mirrors demand within the corporate ment. It is a requirement of all Global with its current reputation, many compa community for supply chain managers. Supply Chain Management program nies that “want in” now come to him. Today, more than 170 undergraduate majors and connects student teams with Roethlein says that he sets the bar students are enrolled in the major at regional industries. And Braunsdorf’s client very high for his students: “I expect them Bryant, and the number rises every year. wasn’t the only company to see real results to prove themselves to our industry With it, the practicum will also grow, TO by collaborating with Bryant students. partners. They must contribute to the says Roethlein, not only in student HOW SUCCEED Sixty-two Global Supply Chain Man corporate profitability and growth of the participants but also in the industry type agement seniors assisted eight companies companies they’re working for.” and geographic reach of the clients. during the spring 2016 semester. For a In order to meet that goal, students The excellence of Bryant’s Global nominal consultancy donation of $3,500 must often complete research outside of Supply Chain Management program IN BY STASIA WALMSLEY to the program, these businesses engaged Roethlein’s classroom. “I lead the course, was recently cited in GSCMP’s Supply BUSINESS Bryant students to solve real-world supply but I don’t manage all the projects,” he Chain Quarterly, which noted that Chief chain challenges. For instance, Smithfield, says. Students seek out the expertise of Procure ment Officers should be encour R.I.-based Banneker Industries sought to other professors within Bryant’s Global aged by graduates of programs in pro optimize warehouse processes. Alex & Ani Supply Chain Management Department curement and supply chain management. in Cranston, R.I., wanted to assess its for advice. Roethlein notes that having “Schools like Bryant University in in-house packaging operations. And Warwick, R.I.’s Day-O-Lite Manu facturing needed to evaluate its freight carrier selection process. To help us gain insight into the international submarine construction market, the talented and business-minded student team conducted market research and data mining for us to arrive at a global assessment of where the customers and money are. The student team briefed our strategic team on the results, reviewing Return on Investment and scoring The students assigned to the TribalVision team were well criteria to help us arrive at a short list of countries to approach prepared, intelligent, hardworking, and committed to the for new submarine business. project. Their market research deliverable was so thorough Dave Jenkins, PE, VP Business Development, AMETEK SCP that we ended up including most of it in our final presentation to our Korean client. The Carolyn Rafaelian International Business Practicum certainly exceeded our expectations. I was personally impressed with the research Christopher Ciunci, Founder & CEO, TribalVision and knowledge that the team gained in a very short period of time, particularly so in a very defined specific niche market… We challenged LINKING INNOVATIVE LEARNING TO THE BUSINESS COMMUNITY REAPS BENEFITS FOR STUDENTS AND INDUSTRY ALIKE the student teams with real-life business opportunities … and look forward to analyzing the data they provided to see where this will assist us in our market pursuit. The results? Collectively, across all the whole team Dana R. Barlow, President & CEO, projects during the spring semester, the of Global Supply The Moore Company projected savings or earnings for the Chain Management companies that participated was more faculty contributing than $46 million. to student success is “The financial impacts are truly stag an important factor in the excellent con Smithfield, R.I., among others, are gering,” says Professor of Operations Man sulting that students offer. turning out students who have studied agement Christopher Roethlein, Ph.D. “Our industry partners love it because economics, global sourcing and interna “Our supply chain students are providing they can get help solving a supply chain tional trade, corporate social responsibil outstanding results to industry.” problem,” he says, “but they also get a ity, information technology, statistics, The capstone course is Roethlein’s good look at talent.” And it seems the hir and operations management. These brainchild. His corporate background in ing managers like the talent they’re seeing. programs are also focused on developing aerospace and original equipment manu Roethlein says most project collaborations their students’ writing abilities, character, facturing (OEM) prompted him to launch end with job offers for students. and leadership skills. In addition, the the practicum experience five years ago. The popularity of Bryant’s Global students have valuable experience from Early on, he used his previous contacts to Supply Chain Management capstone special projects, co-ops, and internships.”
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8575.IFC-P01-23.indd 7 11/17/16 4:50 PM Local thinking, global actions program allows small teams of students to work directly with business clients on How will Brexit affect trade with Europe? specific international projects, with over- What are the opportunities for business sight from Bryant faculty and staff from the expansion into Latin America? Which Chafee Center. At the end of the semester, markets in the Eurozone are ripe for man- they present both a written and an oral ufacturing partnerships? report to both the client Like many business students across and a panel of judges, who the country, the International Business offer specific suggestions for majors in Bryant’s undergraduate and Hanna Instruments has been an ongoing participant how to enter new markets MBA programs are challenged to answer in this cutting-edge program that provides our man- overseas. Students also these questions. But for Bryant students, agement team with valuable, detailed international compete for awards and cash the stakes are much higher. They’re not country- and region-specific data and recommendations. prizes for the best projects. just accountable to their classroom profes- Students, teamed with Bryant faculty and Chafee Center Cohen says that week- sors to find international economic solu- staff, deliver real value to Hanna Instruments in our to-week, students confront tions. C-suite leaders in businesses across international business growth strategic planning.… complex, global problem We have recruited a number of students directly from the Practicum to become a vital part of our global expansion. Our team is impressed with the level of know-how and research methodologies that the students deliver year after year, identifying real-world solutions. Ross A. Smith Director of Global Partnership Development Elena Barkalova ’11, Senior International Brand Ambassador World Headquarters – International Division The ALEX AND ANI International Team Hanna Instruments, Inc.
the Northeast are counting on Bryant’s solving: “They formulate industry and international business scholars for advice market analyses, produce SWOT reports Significant rewards to about economic strategies that will maxi- and competitor briefs, assess market Richline Group include: mize global opportunity and overcome trends, develop company strategy, and Answers to questions important international challenges. create financial plans. This is experiential to the growth of our revenues Since 2009, Bryant’s International learning at its highest form.” Discovery of directions unseen Business Practicum has been connecting Another distinctive component of the Bryant students with regional businesses program, and one that is highly valued by Conversations with the next looking to expand overseas. Developed in the clients, is student access to state-of- generation of business people collaboration with the John H. Chafee the-art technology at the Chafee Center. And project management Center for International Business, the pro- They use analytical tools like those offered skills for success in short-term, gram started with just six participating through ICORP, which helps gauge risk outside source teams. companies and was offered to undergrad- preparedness, and Euromonitor, which Mark Hanna uate students during a single semester offers business intelligence reporting, Chief Operating Officer, Richline Group each year. Today the program runs year- among others. “World Bank and State a Berkshire Hathaway Company round with undergraduate projects in the Department reports; GDP; language and fall and spring and MBA students serving population information; trends for major clients during the summer. Along with the industries; and growth markets—it’s all number of student participants, industry right at their fingertips,” says Cohen. semester, they kept adding new chal- partnerships have also jumped. This The International Business Practicum lenges to the original scope of the project. spring, for instance, more than 20 busi- has attracted praise from satisfied clients, And our students kept exceeding their nesses took part. as well as the attention of local media. expectations. No one was sure they could Gerald Cohen, the Chafee Center’s Last fall, for example, students helped do it, not even the students themselves, international trade specialist and Interna Rogers Corporation, a multinational but they kept delivering.” tional Business coordinator, helped to company headquartered in Rogers, CT, develop the program, and is not at all sur- analyze EU growth sectors using a Snapchat-ing for Success prised by its continued growth and success. dynamic table to parse regional data. When you walk by Bryant’s Digital “There’s no other college that is doing The story ended up on the front page of Marketing classroom, you might notice what we do at the undergraduate level,” The Providence Journal. something unusual. Laptop and smart- Cohen says. “Our model is truly unique.” “Rogers was pleasantly shocked and phone screens are aglow with Facebook, Like the Global Supply Chain Manage could not say enough about our stu- Instagram, Twitter, and Snapchat. Unlike ment practicum, the International Business dents,” recalls Cohen. “Throughout the other classes, where students might be
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8575.IFC-P01-23.indd 8 11/17/16 4:50 PM The Carolyn Rafaelian International Business Practicum enables Hope Global to utilize Bryant students, faculty, and Chafee Center staff in our ongoing goal of staying ahead of the curve in our global strategies.…It also allows us to recruit some of the University’s best and brightest students from the Practicum into our employee team. Cheryl Merchant ’12 H, President & CEO, Hope Global, Bryant University Trustee
Hanna Instruments has been an ongoing participant in this cutting-edge program that provides our man- agement team with valuable, detailed international country- and region-specific data and recommendations. Students, teamed with Bryant faculty and Chafee Center staff, deliver real value to Hanna Instruments in our international business growth strategic planning.… We have recruited a number of students directly from the Practicum to become a vital part of our global expansion. Ross A. Smith Director of Global Partnership Development World Headquarters – International Division Hanna Instruments, Inc.
Significant rewards to Richline Group include: Answers to questions important to the growth of our revenues Discovery of directions unseen Conversations with the next generation of business people checking social media on the sly, here it is business partners. The challenge? Design As a testament to the hard work of And project management a course imperative. and implement a digital marketing strat- the students, Attaran says she’s begun to skills for success in short-term, Digital marketing specialist and egy including goals, tactics, and metrics receive partnership queries from more outside source teams. Associate Professor of Marketing for success. “There are few textbooks for regional businesses, as well as companies Sharmin Attaran, Ph.D., developed the what these students are learning,” Attaran who want to participate again. “During Mark Hanna says. “Textbooks just can’t keep up with final presentations at the end of the Chief Operating Officer, Richline Group Digital Marketing class to bridge a knowl- a Berkshire Hathaway Company edge gap between students’ digital media the ever-changing technology.” semester, I heard a lot of clients say to the skills and businesses’ expectations for Expectations are steep. Students are students, ‘How are we going to live with- graduates. Early on, she challenged her required to handle market research, out you?’” Companies solve this problem students with theoretical clients and proj- search engine optimization, writing, client by offering students jobs and internships, ects. “But it was all hypothetical,” she management, branding, content market- which Attaran says have been coming in says. “I wanted to give them a chance to ing, and more as part of their projects. left and right because of the class. dive in to real work.” In addition, they must become adept at In the future, Attaran hopes to extend Inspired by Bryant’s culture and digital marketing best practices using the program by working with the Chafee history of connecting students to the com- tools such as Hootsuite, Buffer, and Center to add an international compo- munity, along with her personal drive to Google Analytics. nent. She’d also like to bring in industry put the University on the map for digital “At the beginning of the semester, it experts from Twitter or Snapchat and strategy education, Attaran decided to can be overwhelming for students. But expand the client list with new industries bring real clients into the coursework. then they have their first client meetings and different geographic targets. “When Last semester, Digital Marketing stu- and start working,” Attaran says. “It’s I see a need, I want to be active in the dents, in teams of four or five each, served great to see their confidence grow as they community,” she says. “When people are 11 regional businesses from a variety of start posting on a company’s behalf to looking for a resource for their business, industries. Autocrat, John Carol Law, and Facebook, etc. That’s when the true stars I want them to think of Bryant.” Rosalina Restaurant are among their come out.” Stasia Walmsley is a freelance writer.
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8575.IFC-P01-23.indd 9 11/17/16 4:51 PM ESSENTIAL ELEMENTS for Startup Success
Mission-driven Bryant alumni have been drawn to the startup world since before the concept was even defined. While some of these entrepreneurial thinkers have created unique small businesses, others have used their drive to continuously innovate and transform long-established industries into thriving organizations in an ever-changing economy.
Some of these entrepreneurs and accomplished faculty members share critical steps for success. ENLIST ARTICULATE EXPERTISE A VISION Surrounding yourself with Investors are compelled by experienced entrepreneurs entrepreneurs who can clearly and investors is crucial to any articulate a vision for their venture’s success. Domain business, are a magnet for experts can help you navigate recruiting talent, and have focused the market, while experienced their efforts on an opportunity entrepreneurs and investors can segment that can create a help you navigate the dynamics business with $100+ million in of building a team, scaling revenues… Go big or go home! operations, and developing David Beirne ’85 strategies to achieve scale and the Co-Founder and Chairman funding to do so. That expertise Fantax Holdings, Inc. around the table allows you Bryant University Trustee to minimize missteps while providing the support to maximize opportunities. Jennifer Schwall Rousseau ’11 Executive Director Cherrystone Angel Group
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8575.IFC-P01-23.indd 10 11/17/16 4:51 PM KNOW THE MARKET Small startup businesses have been core of innovation and MAP THE ROAD economic growth in the United With worldwide economic States. For most small start-ups, uncertainty, investment dollars however, the ability to attract will be scrutinized more carefully. investors and succeed depends Diversity is key as is not being on the development of a solid complacent in your markets. and comprehensive assessment A road mapped with potential of how markets will respond and MOVE FORWARD pitfalls and backup plans is be affected by the introduction Don’t give up, you have to essential. of their innovative products burn the boat; there is no retreat. Kim Walsh-Sorensen ’84 or services. It’s your vision, your truth. Now Global Accounts Manager Oxbow Activated Carbon Edi Tebaldi, Ph.D. own it and continue moving Associate Professor of Economics, forward no matter the cost. Bryant Scholars Director There will dark days, but at the end of that journey, you will see the result of your sacrifice. Regina (Jones) Mead ’81 PERFECT PITCH Managing partner PASSIONATELY Mb4 International Venture capitalists receive PERSIST thousands of proposals. Passion facilitates raising capital, Successful pitches are succinct, attracts key new hires, and es- well researched, thoroughly RESIST tablishes a culture. Persistence planned, and realistic. TEMPTATION is critical to overcome inevitable daily, weekly, and monthly Glenn Sulmasy, J.D., LL.M. Many startups struggle daily Provost and Chief Academic Officer unforeseen challenges that will to keep the lights on. So, it is Bryant University test the resolve to cross the tempting to say ‘yes’ when an chasm and beat a competitor. opportunity emerges that is Entrepreneurs who possess only slightly off-strategy. Resisting one of these traits are almost the temptation to veer off- certainly doomed. Unique and strategy is hard, but crucial. special outcomes happen when Lou Mazzucchelli Coordinator entrepreneurs have both! Bryant University James Bergeron ’92 Entrepreneurship Program Founder and Managing Partner 108 Partners, LLC CEO Coach/Advisor LECORPIO Co-founder and Executive Chairman SportsPay Bryant University Trustee
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8575.IFC-P01-23.indd 11 11/17/16 4:51 PM Innovation and passion drive alumni
small businesses BY NANCY KIRSCH
From Portland, Maine, to Portland, Oregon, and points in-between, and weekends and problem-solving a host of various situations. “I loved the energy small businesses are the nation’s lifeblood. On any single day, and ability to succeed or fail on your own.” a customer might shop online for the perfect outfit, check that retirement savings are on track with a trusted CPA, discuss the Do Whatever perfect spot for a backyard pool with an award-winning designer, It Takes and pull up to a drive-through window for that cup of coffee In 1991, with her husband, she opened Long Elegant Legs, then a Hillsborough, that signals the official start of the day. … the list goes on. N.J.-based catalog company selling clothes for women 5’10” and taller. Kordalski sold computers for Digital Equipment Cor ith their dizzying breadth and ∂ poration during the week and developed Wdepth of goods and services, small Long Elegant Legs in her “spare time”— businesses—individually and collectively hortly after Tricia Kordalski ’83, P ’15 evenings and weekends. After three years, —nourish and nurture, inform and inspire, S launched Long Elegant Legs, an she resigned her full-time position to educate and entertain. Just for a moment, industry colleague told her, “Do not start concentrate on Long Elegant Legs. imagine if shopping, dining, playing, this business…” Despite being a self- With no retail experience beyond and working were limited to the “big box” described business novice, she wisely her internship, Kordalski learned “on the retailers. In that hypothetical scenario, disregarded that warning and persevered, job,” knocked on dozens of clothing the United States would be bleak, devoid perhaps because Kordalski recognized showroom doors, and sought advice from of the diversity and vitality of small busi- an unmet need and set out to fill it. The many experienced business people, most nesses. Not only would the economy 5’10” Kordalski bemoaned the dearth of whom she didn’t know. come crashing down and unemployment of attractive, moderately-priced clothing “It’s good to make mistakes when skyrocket, we’d miss eating clam cakes that fit her long, lean frame. you’re smaller, and think carefully about and lobster rolls at a seaside picnic, visit- Professor of Marketing Frank where to deploy people,” she says. With no ing bed-and-breakfasts and rustic inns on Bingham Ph.D., ’61, ’72 MBA, now outside capital, Kordalski was immersed, a cross-country journey, and patronizing retired, was an enthusiastic, magnanimous, early on, in all aspects of the business. our favorite oldest hardware store and and thought-provoking professor, says Learning to delegate her buying responsi- newest pet boutique. Sleek emporiums, Kordalski, who grew up without exposure bilities was challenging, she says, although traditional and new franchises, century- to any small business owners or entrepre- she later appreciated the value in focusing old businesses, and online startups are all neurs. “He instilled in me the idea that exclusively on her CEO responsibilities. essential drivers of our nation’s growing I could start my own business. His Small Bingham inspired her to believe in her small business sector. Business Management course and an own abilities, and Kordalski has “paid it Many Bryant alumni have achieved internship under his direction with a chil- forward” by informally mentoring dozens remarkable success in the wide world of dren’s clothing store opened my eyes.” of potential future business owners. small business. The four successful alumni During the internship, Kordalski She tells them, emphatically, “Do your here share how they learned to thrive recalls, “I saw the owners working nights due diligence, but…start. Realize that within their respective business niche. you’re going to stumble and fall as you go along, but stake your spot in the sand and do it.”
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8575.IFC-P01-23.indd 12 11/15/16 3:01 PM Innovation and passion The Entrepreneur
TRICIA KORDALSKI ’83, P ’15 Founder, Long Elegant Legs, drive alumni a specialized clothing catalog company 25 employees small businesses Annual revenues of $7 million Sold to privately held multinational company, Long Tall Sally, which she now serves as a consultant
Adapt to Change Before the Internet rocked bricks-and- mortar retailers, Long Elegant Legs built and maintained its website, even as it used catalogs as a marketing tool. They were crucially important, as some 80 percent of online orders in recent years were gener- ated from customers looking at catalogs, says Kordalski. “When evolving customer expectations demanded new marketing strategies, our small size and lack of bureaucracy allowed us to respond nimbly,” she adds. At its peak, the company had 25 employees and annual revenues of $7 million. Following the 2008 economic freefall, Long Elegant Legs experienced a 30 percent drop in revenue, after achieving two consecutive years of 10 percent annual growth. With the company holding $1.5 million in inventory, she says, “Payables kept me up at night.” A good offer, declin- ing sales, and expanding competition led Kordalski recently to sell the company to a larger entity, Long Tall Sally, for which she consults. To those who need inspiration, she suggests, “You have to take risks and trust in yourself to succeed. There’s nothing else like it.”
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8575.IFC-P01-23.indd 13 11/17/16 4:51 PM The Franchiser
JAMES LYNCH ’84 CEO, Dan’s Management Co.
840 employees Serves 32,400 cups of Dunkin’ Donuts coffee a day 36 stores in Rhode Island and Southeastern Connecticut
merely a few of the many hot drinks. “The complexity of the brand, with so many offerings, makes working at a Dunkin’ Donuts incredibly challenging today,” he says. “Recruiting and retaining employees is always demanding.” Today, baked goods are made offsite in large scale operations; Lynch remembers that “making doughnuts in the store was chal- lenging and a nightmare.” ames Lynch ’84, is president and the occasional “newbies” through the Of his 840 employees, Lynch says, Jchief executive officer of Dan’s Manage- enticing selection of beverages and snacks. “I listen to their concerns, see how we ment Company, in Providence. With 36 Some employees will work only in entry- can address them, and solicit feedback.” stores in Rhode Island and Southeastern level positions with Dunkin’ Donuts; others, Despite his own experiences as a counter Connecticut, it is one of the area’s largest including 12 of Lynch’s managers, began at clerk, doughnut baker, store manager, and Dunkin’ Donuts franchises. Offering the bottom and climbed the management general manager, Lynch says, “No one sage, succinct advice to potential franchi- ladder. Their progress reminds Lynch of knows better than people on the front- sees, Lynch recommends, “Do your due his own professional path, one grounded lines doing everyday tasks how to do their diligence…and know the market you’re in dedication and a strong work ethic. jobs.” Eager to recruit and retain strong trying to tap into.” performers, Lynch schedules five-day Almost on automatic pilot, more than work weeks, though a six-day schedule three million of us across the country fuel up is the franchise norm, and distributes each day on our favorite Dunkin’ Donuts’ Listen to Employee longevity and performance awards to coffee and doughnut. Some of us first Concerns employees at annual dinners. discovered Dunkin’ Donuts—among the Although the Dunkin’ Donuts logo has nation’s most recognized and popular long represented a consistent and wel- brands—as hungry, thirsty commuters, coming beacon, product offerings have, See the Cup while others earned our first paychecks over time, expanded exponentially and and learned the importance of customer employees’ duties have evolved. When Half Full service there. Lynch started out, customers placed Franchise ownership presents unique Regular customers—and their standing beverage orders for hot coffee only. Today, rewards and risks. Economies of scale orders—quickly become familiar to Dunkin’ counter people manage orders for dark provide franchisees with resources for Donuts’ employees, who patiently guide roasts, espressos, lattes, and vanilla chais, employee training and marketing, for
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8575.IFC-P01-23.indd 14 11/17/16 4:51 PM example, that independent business own- my brother and me, and in the company’s ers may not have. Although corporate progress, we wouldn’t be where we are Diversification rules govern franchisees’ actions, Lynch without my father,” Hobaica says. Henry’s successfully implemented changes that customer-centric values and good business is Key In addition to its core business line, propelled his company’s growth and principles—keep overhead low, treat your Easton Pool & Spa’s diversified mix of profitability. Under his leadership, Dan’s employees well, and make sure they share goods and services—the service depart- Management Company, one of the first those values and principles—guide busi- ment, two locations selling pool chemicals Dunkin’ Donuts franchises to offer drive- ness operations to this day. and supplies, and an affiliated pool-filling through service in 1982, also established the first offsite doughnut manufacturing facility in 1991. With production at a centralized venue, Lynch could build smaller stores and employ fewer bakers. He credits his career success to applying common sense solutions, chal- lenging corporate management when appropriate, and continually improving and simplifying policies and processes. ∂
hroughout high school and col- Tlege, David Hobaica ’88, worked in the family business, Easton Pool & Spa, Inc., which his father, Henry, founded in 1972. The company, which focuses on designing, building, and The Legacy installing in-ground swim- ming pools, has won many Family Business international and national design awards. “We’ve also been recognized by Pool & DAVID HOBAICA ’88 Spa News, the industry’s Partner, Easton Pool & Spa, Inc. leading trade magazine, as
a Top 50 Builder for many Established nearly 50 years ago years,” says Hobaica, who views vendors and suppliers 56 employees as important partners Annual Sales of nearly in the company’s growth
and success. $6.5 million During his brief stint as Recognized as an industry a financial analyst, Hobaica Top 50 Builder was “lured back” to the fam- ily business and has had no regrets about his decision. Equal partners, Hobaica and his brother, Robert, possess disparate skills; Hobaica manages day-to-day operations and Robert focuses on long- term management decisions. “It’s an honor to build on the founda- tion my father laid for us,” says Hobaica, named company president in 1996. “Although he regularly expresses pride in
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8575.IFC-P01-23.indd 15 11/15/16 3:01 PM company—keeps the company strong. them with respect, you’ll be successful,” Clients range from commercial fishing “Our service department is how we says Hobaica. operations and independent or family- earned our reputation and a great deal of Married to Janice (Eaton) Hobaica ’88, owned businesses to a local software our business,” says Hobaica. “Every pool Hobaica finds it rewarding to hear from company ABAQUS, Inc., that Dassault is going to need service, no matter how older customers who share their fond Systems (Simulia), a subsidiary of Dassault well it was built. memories of Henry working on their Group, purchased for $415 million. “Stick to your strengths,” recom- pools. Now this second-generation busi- mends Hobaica, who ventured into some ness is building pools for many of those related business lines—installing putting individuals’ children and grandchildren. greens, awnings, and hot tubs—that Might a third-generation family member Invest in the proved unviable. On the other hand, one succeed Hobaica? It may be too early Community calculated risk was a clear winner. During to tell, but the oldest of Hobaica’s three Just as southern Rhode Islanders relish the business slump after 2008’s economic daughters has worked for the business the the delicious seafood harvested from downturn, Easton Pool & Spa was hired past two summers along with his nephew. nearby ocean waters by the firm’s clients to build a pool using a wholly different In the meantime, he says, “I’m having a and others, their informal encounters method of construction. Through that blast. I love what I do.” with local business people—including commission, the Easton, MA, company partners and staff members—foster the developed a new area of expertise and ∂ intimacy and comfort of small-town life. expanded its product line. The largest accounting firm in the region, Without learning to delegate, focusing arkarian & Meehan, Ltd., a Markarian & Meehan, provides account- on many diverse responsibilities—from boutique CPA firm in Wakefield, ing and tax advice that ensures the con- finance and sales to operations and M Rhode Island, is a Bryant stronghold. It tinuing viability of local businesses. Many human resources—might otherwise over- counts seven alumni among its ranks partners and staff members volunteer whelm Hobaica, who explains, “The of 26 staff members, including the five with nonprofit organizations, be it their more I can teach and train my employees, partners (of whom two are retired). The church, as Zaroogian has done for decades, the more effective I can be as a leader firm’s founding partner, Thomas W. a national organization’s Rhode Island and business owner.” Markarian ’66, ’89 MST started the chapter, or a local sports team. “Pick a With 56 employees and annual sales practice in 1972, retiring last fall. Partners passion and get involved; it’ll make you a of nearly $6.5 million, Easton Pool & Spa include James P. Meehan ’76, ’85 MST, better and more well-rounded individual,” faces industry-specific challenges, such as who retired in April, and current partners Zaroogian urges. adhering to stricter pool safety regulations Robert L. Pasquazzi ’80, ’91 MST, The firm exemplifies the best in small- (which Hobaica welcomed), seasonal Stuart E. Woodard ’86, and Steven business practices, given Zaroogian’s employment cycles, and recruiting and Zaroogian ’80, ’85 MBA, ’93 MST, the commitment to achieving a productive retaining highly knowledgeable service firm’s managing partner. work-life balance—a concept unheard technicians. Even as a youth, Zaroogian under- of earlier in his accounting career. “I am stood that reasonable risks yield rich very transparent; with me, what you see rewards. As a first-generation college stu- is what you get,” he says. He maintains a Keep Your dent, he assumed debt to attend Bryant. wide open door policy for staff members Upon graduation, he declined a manage- to discuss their personal and professional
Customers Happy ment-track position offered to him by the concerns, and counsels and advises his It’s clear that the company’s reputation hardware store where he’d worked part- high net-worth clients on succession, matters deeply. After receiving an un- time during college. “I went to school for estate planning, and transactional issues. happy customer’s email, Hobaica visited four years; I have to take a risk and seek Deftly juggling these oft-competing that customer the next day—a Saturday an accounting position,” Zaroogian recalls demands, Zaroogian strives to meet the —to resolve the issue. “Make sure your telling his skeptical father. best interests of the firm and its clients, customers have a great experience; if you Sustaining the local economy, partners, and staff members. Perhaps provide realistic expectations and treat diverse clients benefit from the firm’s that’s why Markarian & Meehan has an sophisticated knowledge and expertise, extremely low client and staff turnover, presented with warm, personal attention. a rarity in the industry.
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8575.IFC-P01-23.indd 16 11/15/16 3:01 PM The Boutique CPA Partnership
STEVEN ZAROOGIAN ’80, ’85 MBA,’93 MST Managing Partner, Markarian & Meehan, Ltd.
26 employees, including 7 Bryant alumni
Clients range from Main Street businesses to commercial fishing operators to a local company purchased for $415 million
lems. “When mistakes happen, I have to ence, Markarian & Meehan offers a more Trust and work harder to regain a client’s trust and attractive lifestyle than do the largest Confidence confidence,” he explains. In recruiting accounting firms, he asserts. and retaining the most qualified candi- Although “business-strangling”
Are Key dates, many small businesses struggle to regulations frustrate Zaroogian, he finds Nurturing a strong collegial environ- compete against Fortune 500 companies’ satisfaction in knowing the firm has a ment seems second nature for Zaroogian, perks, prestige, and travel opportunities. profound impact on its small business who says, “The words ‘I’ and ‘me’ aren’t That’s true here, says Zaroogian, who is clients, who appreciate Markarian & healthy in a business environment.” actively recruiting for a senior accounting Meehan’s proactive advice and acumen. When a staff member errs, Zaroogian manager with partnership potential and accepts responsibility and vows to improve other senior positions. Given its ambi- Nancy Kirsch is a Providence-based freelance writer his own skills to forestall future prob- and frequent contributor to Bryant magazine.
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8575.IFC-P01-23.indd 17 11/15/16 3:01 PM BY MARIA CALIRI
President Barack Obama called small businesses “the heart of the American economy.” Donald Trump, then the Republican nominee for president, remarked, “Small businesses are the true engine of our economy.” And Hillary Clinton, the Democratic nominee, “wanted to be the president for small business,” making it easier for people to start and grow their businesses “because that’s where most of the jobs will come from.”
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8575.IFC-P01-23.indd 18 11/18/16 10:32 AM Political rhetoric or truth? The answer is clear from the figures. According to the U.S. Small Business Administration: • There are 28 million small businesses—defined as companies 54% with fewer than 500 employees—in the United States. OF ALL • Small businesses account for 99.7 percent of U.S. employer firms. U.S. SALES COME FROM • 54 percent of all U.S. sales come from small firms. SMALL • The number of small businesses in the United States has FIRMS increased 49 percent since 1982.
While our elected officials’ and can- THE NEW LOOK AND FEEL and forecasting firms in the world, noted didates’ plans to aid and promote small OF SMALL BUSINESSES in an outlook report prepared for the business differ greatly, they are correct in Contributing to this growth are small Franchise Education and Research Foun identifying these companies as a vital businesses in all industries. Decades ago, dation that the number of establishments part of the country’s economy, driving small business was typically defined is expected to grow to nearly 800,000 growth in all areas—especially New as a mom-and-pop grocery store or an this year. They can be categorized into England. independently owned pharmacy. These these areas: automotive, business services, In Massachusetts, 97.8 percent of the businesses still exist and some are doing commercial and residential services, state’s employers are small businesses, well as consumers embrace the “buy lodging, personal services, fast-food and and Rhode Island has a slightly higher rate local” philosophy, yet Sageworks, a finan- table-service restaurants, real estate, and of 98 percent. More than 720,000 workers cial analysis software company, identifies retail. Within these categories, business are employed by small businesses in trucking and contracting companies as services, such as Minuteman Press and Connecticut, while Vermont is ranked the fastest-growing industries for small Liberty Tax Service, and retail franchises, fourth in the U.S. for share of employ- businesses. like GNC (nutritional products), repre- ment by small businesses. Optimistic consumers buy more sent the growth leaders. For these states and the country as a goods that have to be transported, and the whole, the outlook is positive. The growth continued momentum of household ON THEIR OWN BUT NOT ALONE rate of these companies shows no signs of growth powers the contracting industry. Though small businesses exist in a wide abating. The small business sector According to Harvard University’s Joint variety of industries, a common thread is growing rapidly, and small business Center for Housing Studies, the need to for all small business owners—whether failures are declining. replace older units and meet demand for a franchisee or a general contractor— vacation homes and other uses should is the need for financing. To get their busi- generate at least 1.6 million units a year ness off the ground, small business own- for the next 10 years, providing an impor- ers are leveraging a plethora of resources tant boost to the economy. to build and grow their companies. The majority (52 percent) of small The U.S. Small Business Administra businesses are often home-based. tion is among the most popular organiza- Yet brick-and-mortar small businesses tions that small business owners turn to continue to thrive due, in large part, to for guidance—and for good reason. The the growth of franchises. The opportuni- S.B.A. and its partner agencies engage in 43% ties to own and operate a franchise are a comprehensive approach to helping OF SMALL BUSINESS tremendous, and options are not limited small business owners. Their menu of OWNERS to fast-food restaurants. IHS Economics, services includes financial assistance for ARE WOMEN one of the leading economic analysis new or existing businesses and no- or
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8575.IFC-P01-23.indd 19 11/15/16 3:01 PM “Entrepreneurs who develop a well written business plan prior 52% to launch have the highest OF SMALL chance of success.” BUSINESSES Normand Deragon ’84 ARE Economic Development Specialist (retired) HOME-BASED U.S. Small Business Administration
low-cost counseling, advice, and informa- neurs submit less-than-inclusive plans, SMALL BUSINESSES tion on starting, better operating, or their loan applications are often rejected.” PAY OUT expanding a small business. Deragon also impressed upon his cli- “Capital and a business plan are the ents that business plans are not meant to critical elements of a small business owner’s be stored away once funding is secured. success, and the S.B.A. can assist with Instead, he adds, they are “living, breath- 44% both,” says Normand Deragon ’84, retired ing documents that serve as a blueprint OF THE economic development specialist with the for running a company. Business owners U.S. Rhode Island District Office of the S.B.A. have to constantly tweak their plans— During his 16-year tenure, Deragon helped especially in the first year—because the PAYROLL countless entrepreneurs create detailed economic landscape is ever-changing.” plans, and the most successful were those Helping business owners sustain and that were developed long before the grow their operations in the continually “Open for Business” signs were hung. evolving marketplace are the S.B.A.’s SMALL BUSINESSES “Entrepreneurs who develop a well- partner agencies, including Service Corps ACCOUNT written business plan prior to launch have of Retired Executives (SCORE), Small FOR MORE THAN the highest chance of success. Their plans Business Development Centers (SBDC), address issues such as insurance, suppliers, and the Center for Women & Enterprise cyclicality, growth strategy, and even reces- (CWE). The positive impact of these organ- sion. No one wants to think about reces- nizations, led by former business executives sion, but when one hits, as it did in 2007, and experienced employment counselors, is 50% the small business owner has to be able to evident across the country. In 2015 alone, OF THE withstand the downturn,” says Deragon. 53,377 new businesses started with the COUNTRY’S “Access to capital is largely predicated assistance of SCORE mentors. In any given NON-FARM PRIVATE on a strong business plan. It is the first year, SBDCs touch more than one million GROSS DOMESTIC thing lenders ask for, and when entrepre- businesses, and since 1995, the CWE has PRODUCT (GDP), THE VALUE OF ALL GOODS AND SERVICES PRODUCED Small businesses employ BY THE ECONOMY more than 56 million people and, since 1990, have added 8 million new jobs.
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8575.IFC-P01-23.indd 20 11/15/16 3:01 PM “Entrepreneurs who develop a helped more than 30,000 Rhode Island The Center for Women & Enterprise well written business plan prior and Massachusetts entrepreneurs. “helped me to feel confident in moving A shining example of a small business my investment plan forward for to launch have the highest owner who leveraged CWE’s expertise is chance of success.” Cheryl Snead ’06H, a vice-chair of the Banneker Industries.” Bryant University Board of Trustees and the Normand Deragon ’84 Cheryl W. Snead ’06H founder, president, and CEO of Banneker Economic Development Specialist (retired) Founder, President, and CEO, Banneker Industries Industries. The agency’s assistance helped U.S. Small Business Administration Bryant University Board of Trustees Vice Chair turn North Smithfield, R.I.-based Banneker into a world-class provider of supply chain solutions, specializing in third- and under control, expanding consumers’ frightening. Small business owners may fourth-party logistics (3PL/4PL) services. buying power, and bringing in more tax not know how to collect payment from “CWE’s programming was the best revenue to the government. foreign customers or how to insure their learning experience I have ever had, Small businesses account for more goods, so we help them navigate the com- including grad school,” says Snead. “The than 50 percent of the country’s non-farm plexities of doing business internationally.” networking, engaging conversations, and private gross domestic product (GDP), The Center’s services include competi- opportunity to practice helped me to feel the value of all goods and services pro- tive and cost-accounting analyses that confident in moving my investment plan duced by the economy. That is a significant help determine which international mar- forward for Banneker Industries.” percentage given that the United States kets could be profitable for a small business. Snead echoes the sentiments of many accounted for 26 percent of the world’s Fogarty stresses that when small business small business owners. Thumbtack’s GDP in 2011, according to the U.S. owners successfully sell their goods inter- 2016 Small Business Friendliness Survey Department of Agriculture. nationally, benefits abound. revealed that business owners care much The market for these goods and “On average, employers who export more about training programs than about services extends far beyond the country’s pay their employees 17 percent more than policy initiatives, such as tax breaks, borders. Ninety-seven percent of identi- small business owners who only sell their that many local governments tout. The fied exporters are small businesses, goods and services domestically. What’s professionals surveyed reported that producing 29 percent of all export value. more—they boost employment. The U.S. assistance in honing their craft, running That figure is even greater in Rhode Department of Commerce reports that their business more efficiently, and meet- Island, where small businesses are export- ing industry colleagues is invaluable. ing a variety of goods, including precision tools and specialized textiles used in auto- THERE ARE BENEFICIAL EFFECTS motive interiors and weather stripping. Of OF SMALL BUSINESSES the 1,790 companies that exported goods This type of tremendous support from from Rhode Island in 2013, 87.7 percent government-backed agencies and other were small firms, generating 66.9 percent organizations, such as chambers of com- of the state’s total known export value. 28m SMALL BUSINESSES merce, can better equip small businesses This comes as no surprise to —DEFINED for success, and it is in our country’s best Raymond Fogarty ’79, director of the AS COMPANIES WITH interest to support their growth. Small John H. Chafee Center for International FEWER THAN businesses have an impact on the national Business at Bryant, which helps local, 500 EMPLOYEES— and local economies that cannot be regional, and national companies get IN THE U.S. understated. They employ more than their products and services to more cus- 56 million people, and, since 1990, small tomers in more places around the world. businesses added 8 million new jobs “Ninety-five percent of the world’s while big business eliminated 4 million customers live outside the United States,” positions. In addition to creating jobs, says Fogarty. “The World Wide Web helped small businesses pay out 44 percent of expand small business more than anyone the U.S. payroll, keeping unemployment could have imagined, and to many, it’s
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8575.IFC-P01-23.indd 21 11/15/16 3:01 PM “ Ninety-five percent of The lack of workplace flexibility (especially important to women) is the world’s customers another factor behind the growth of small live outside the businesses. Although running a business United States.” is often a 24/7 commitment, women busi- ness owners are not tied to a rigid nine- Raymond Fogarty ’79, P ’14 to-five workday and can set their own Director, John H. Chafee Center work schedule to align it more closely to for International Business their family’s needs. Currently, 43 percent of small business owners are women, at Bryant University SOME EXPERTS and Cindy Yang, who focuses on small PREDICT THAT business, growth, and new markets for for every $200,000 in goods and services out on their own. Indeed, some experts the personal finance website NerdWallet, exported, a job is created,” says Fogarty. predict that 50 percent of the labor force expects that figure to grow to 50 percent The potential for small businesses to will be self-employed in 2020. by 2020. gain an even larger portion of their reve- Another reason behind this surge, A funding revolution, of sorts, is also nues from exporting is great. With nearly ironically, is retirement. Baby boomers fueling small business growth. While OF THE LABOR FORCE two-thirds of small- and medium-size (people born between 1946 and 1964) are previous generations relied primarily WILL BE SELF-EMPLOYED businesses selling to only one foreign retiring at a rate of about 10,000 per day, on personal savings and bank loans to IN 2020 market, many business opportunities but retirement does not necessarily mean fund new businesses, today’s business are left untapped. It would behoove these they are hitting the links or tennis courts owners—millennials, in particular— companies to investigate how they can daily. Instead, boomers are starting are using scores of alternatives to get the capitalize on the free trade agreements new business ventures, supplementing money they need to start or grow their that have opened up markets in retirement income or using their free small business. A Bank of America study SINCE 1990, Australia, Chile, Singapore, Jordan, time to turn a hobby into a second career. revealed that 14 percent of millennial busi- SMALL BUSINESSES Israel, Canada, Mexico, and Central Whatever their motivation, baby ness owners—who typically do not have ADDED America. boomers are well-positioned for starting a history of credit or access to collateral— and sustaining successful small businesses. have turned to non-traditional lending IGNITING THE According to the Kaufmann Foundation, services. These include direct lenders, ENTREPRENEURIAL FLAME boomers are the wealthiest living genera- such as OnDeck and Kabbage that The prospects of running a profitable tion. They possess a strong sense of busi- base lending decisions on non-traditional NEW JOBS, business with a global customer base and ness acumen and the financial assets and/ data like cash flow information from AS BIG BUSINESS the allure of being your own boss or access to credit necessary to start a QuickBooks entries, and peer-to-peer ELIMINATED strongly influence individuals to strike business. (P2P) lenders that connect capital from 4 MILLION POSITIONS
SMALL BUSINESSES EMPLOY MORE THAN The ability to be nimble in their operations and adapt more quickly than large bureaucratic companies to changing market forces will help small businesses build upon this country’s 97% OF IDENTIFIED unshakeable entrepreneurial foundation. EXPORTERS 56m ARE SMALL BUSINESSES PEOPLE
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8575.IFC-P01-23.indd 22 11/17/16 4:52 PM The potential for small businesses to gain an even larger portion of their revenues from exporting is great.
institutional and retail investors with growing popularity of technology experts small businesses via platforms such as and personal trainers who meet their SOME EXPERTS Lending Club, Prosper, and Funding Circle. customers at their office doors or homes— 24 7 PREDICT THAT has taken off in our / society. WHAT THE FUTURE HOLDS Consumers whose downtime is becoming a rare commodity will continue to While predicting what is to come for any demand on-site services that accommo- business—large, medium or small—is date hectic schedules. not an exact science, this guidance from 50% And happy is the small business seasoned professionals, coupled with new OF THE LABOR FORCE owner who can spare the expense of hir- global market opportunities and the exu- WILL BE SELF-EMPLOYED ing full-time employees by using a wide berant spirit of entrepreneurs, is helping IN 2020 variety of freelance professionals, includ- to shape a most promising future for small ing graphic designers and social media business owners. Indeed, some prognos- managers. Wood views this expected ticators believe that small businesses trend as a win-win situation where one are slated to follow a positive trajectory entrepreneur reduces overhead while into the next decade and beyond. SINCE 1990, another builds his or her own small busi- In a blog post on HourlyNerd—itself SMALL BUSINESSES ness by providing services to multiple cli- the winner of the EY Entrepreneur Of ADDED ents. The Year® 2016 Award in the Emerging Forbes contributor Jacob Morgan, Company category in New England— author of The Future of Work: Attract New Herbert Prokscha remarks that jobs will Talent, Build Better Leaders, and Create a continue to be lost to automation in large Competitive Organization, also sees great 8m companies. Prokscha, the senior strategic NEW JOBS, things happening for small business partner of consulting and marketing com- AS BIG BUSINESS owners. He bases his outlook on the fact pany Z Niche, believes that as a result, ELIMINATED that the entrepreneur can be up and run- small businesses will thrive because of 4 MILLION POSITIONS ning with the same caliber of technology their originality. Whether they are devel- available to large companies. This same oping unique code or producing organic technology, he says, can help the busi- artisanal cheese, small businesses will be ness owner tap the greatest talent from filling the need for high-quality customized near and far and establish virtual teams. products tailored to individual customers. While only time will tell if these ideas For those businesses whose products come to fruition, it does not take a leap and services are less distinctive, the future of faith to think that small businesses is still exceptionally bright. Meredith will continue to be the backbone of the Wood, who specializes in financial advice American economy. The ability to be for small business owners and serves as nimble in their operations and adapt more editor-in-chief of Fundera, a small busi- quickly than large bureaucratic companies ness financing resource, feels that small 97% to changing market forces will help small OF IDENTIFIED companies will evolve into mobile or free- businesses build upon this country’s EXPORTERS lance business-to-business services. The unshakable entrepreneurial foundation. ARE SMALL BUSINESSES mobile concept—as demonstrated by the Maria Caliri is Corporate Communications Manager at Textron and a contributor to Bryant magazine.
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8575.IFC-P01-23.indd 23 11/15/16 3:01 PM Participation Propels Campaign, Challenge Grant Announced $75 million Participation in Expanding the World of Opportunity: The $70 m Campaign for Bryant’s Bold Future is the most important factor driving the success of our historic capital campaign. Already we have raised nearly $64 million in support of initiatives that $64 million position Bryant among the most competitive universities in our $60 m region and across the country. So far, 17,962 gifts of all sizes from every facet of our community—alumni, friends, parents, $55 m faculty, staff, and students—have contributed to our momentum. In addition, Bryant has recently secured a $2.5 million $50 m challenge grant from the Warren Alpert Foundation in support of the University’s School of Health Sciences. The grant will be $45 m used to advance the growth of our School of Health Sciences and develop innovative approaches to address challenges in the $40 m healthcare industry, which touches each and every one of us and $35 m makes up 17.5 percent of the nation’s GDP. All gifts contributed through June 2017 up to $2.5 million will be matched by the $30 m Foundation and at its successful completion this challenge grant will add $5 million, bringing us even closer to the campaign’s $25 m $75 million goal. If you have been watching all that the University has recently accomplished but have not yet stepped $20 m up to participate in the campaign, now is the time to make a gift that will count twice as much. $15 m If you want to become involved in the life of Bryant University today, and want to participate in the campaign’s $10 m success as a way to be part of Bryant’s bold future, visit www. bryant.edu/Opportunity or call (877) 353-5667 to learn more. $5 m
13TH YEAR IS LUCKIEST YET FOR BRYANT’S ANNUAL PRESIDENT’S CUP GOLF TOURNAMENT
Monday, June 27 dawned windy and demic excellence. Since its inception, the “Bryant’s President’s Cup Golf bright at the Newport Country Club— event has raised nearly $1.25 million for Tournament is an opportunity to bring a lucky sign for Bryant’s 13th Annual scholarships. alumni and friends of Bryant together,” says President’s Cup Golf Tournament. Though Golf Committee chairs David Olney ’82 Olney. “Through the event, we are able to the stiff breezes made the game more chal- and Stuart Brenner ’64 note that a growing raise significant financial resources that help lenging, it didn’t stop the sell-out group number of corporate sponsors support the make a Bryant education possible for those of 128 golfers from enjoying the vistas tournament with gifts ranging between who will benefit from it the most.” and greens at one of the original member $1,000 and $7,000. Non-golf sponsorships, Golfers and guests rounded out the day clubs of the U.S. Golf Association. such as providing branded golf balls, with a reception, dinner, and live and This year’s proceeds from golfers towels, prizes, and pin flags, have steadily silent auctions. Bryant University President and sponsors exceeded $135,000 and are increased, bringing some $30,000 annually Ronald K. Machtley once again served as designated for the Bryant University to the proceeds. They also are quick to auctioneer and set a new record—raising Presidential Scholarship Fund. The schol- note the courtesy and attention to detail a lucky $13,000 at the live auction from an arships support undergraduate students shown by the golf and clubhouse staff at energized and generous crowd. who demonstrate a commitment to aca- the national championship course.
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8575.P24-final.indd 24 11/29/16 9:34 AM EXCEPTIONAL PHILANTHROPY PROPELS BRYANT’S ASCENT
Throughout the University’s history, Bryant’s pivotal moments have been propelled by exceptional philanthropy. Earl Tupper’s gift of his 220-acre estate in Smithfield became the catalyst for a forward thinking Bryant College of Business Administration to move from Providence and transform itself into Bryant College, and ultimately, Bryant University. Most recently, historic gifts to Expanding the World of Opportunity: The Campaign for Bryant’s Bold Future have enabled Bryant to secure its reputation as a world-class university and become an international model for educating students of character and abil- ity who are prepared to lead in the 21st century and beyond. The $75 million campaign includes the Bryant Builds initiative—a strategic investment in Among those celebrating the opening of the Academic Innovation Center are: Associate Provost Carol new and enhanced campus facilities. DeMoranville, Ph.D.; Dean of the College of Arts and Sciences Wendy Samter, Ph.D.; Dean of the College of During this year’s Reunion@ Business Madan Annavarjula, Ph.D.; Provost and Chief Academic Officer Glenn M. Sulmasy, J.D., LL.M.; Homecoming weekend, two signature Faculty Development Fellow Giovanna Donoyan, Ph.D.; Director of Faculty Development and Innovation Edward Kairiss, Ph.D.; and Associate Dean of the College of Arts and Sciences Bradford Martin, Ph.D. buildings were dedicated. The Academic Not pictured: Associate Dean of the College of Business Anthony Wheeler, Ph.D., S.P.H.R. Innovation Center and the David M. ’85 and Terry Beirne Stadium Complex represent, each in its own way, both the THE ACADEMIC INNOVATION CENTER University’s commitment to boldly Game changer. That’s quickly become the faculty. The campus community is raving reimagine the future of higher education phrase used most frequently to describe about how effectively the building’s and the culmination of Bryant’s contin- the impact of the Academic Innovation distinctive climate for learning encourages ued aspirations for excellence. Center (AIC) for Bryant’s students and the collaboration and innovation that is a hallmark of the Bryant experience. The AIC was designed and purpose- built to integrate teaching, experiential learning, and access to technology—the drivers for innovation in every academic discipline. It is used by undergraduate and graduate students, in both Bryant’s College of Business and the College of Arts and Sciences. A $5 million pacesetting gift was made by an anonymous donor. Leadership gifts supporting classrooms and breakout
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Photo by Anton Grassi from ESTO Photo by Anton Grassi from ESTO courtesy of EYP Architecture and Engineering. Photography, BRYANT FALL 2016 25
8575.P24-52-IBC.indd 25 11/18/16 4:45 PM spaces were made by Jeffrey Fryer ’91 and Kimberly (Roy) Fryer ’92, P ’19, parents of Ryan Fryer. Additional gifts from generous alumni and friends who share Bryant’s vision supported completion of the project. When the 48,000- square foot facility opened on time and under budget, it was the culmination of more than five years of planning and construction. “Our faculty and staff were integral to the design and building of the AIC,” explains Bryant President Ronald K. Machtley. “Every square foot of the building was designed for a purpose. It is a nationally unique facility that redefines the future of teach- ing and learning in higher education in one building.” J. Terrence “Terry” Murray ’89 H, retired Chairman of FleetBoston Financial Corporation and Vice President of the Murray Family Charitable Foundation, and his wife, Suzanne (Young) Murray with their daughter (center) Paula (Murray) McNamara, who is President of the Murray Family Charitable Foundation, outside of the Admission Presentation Room in the Academic Innovation Center. The Murray Family Charitable Foundation Admission Presentation Room has been named in recognition of the foundation’s generous philanthropic support of Expanding the World of Opportunity: The Campaign for Bryant’s Bold Future.
and white boards for students to capture and express ideas; technology-rich collaboration stations; and abundant space to showcase a diverse collection of inspiring art. Flat and tiered classrooms, team breakout rooms, group study spaces, lounge seating, and a café further enrich the teaching-learning environment. President Ronald K. Machtley with leadership donors Kimberley (Roy) Fryer ’92 and Jeffrey Freyer ’91, P’19 “The goal of higher education is not to educate students for the past, but to Kip Ellis, AIA, of EYP Architecture take them into the future,” says Machtley. and Engineering and lead designer for “The Academic Innovation Center is an the project, calls the AIC, “an entirely exclamation point. We’re on a trajectory new type of academic building.” He for greatness. This is the point in time in notes that the building design was driven which we will look back on our history by the desire to create an environment and say, ‘we made the transition from who “for the express purpose of intellectual we were to who we became.’ This was only collaboration.” possible through the generosity of many Features include the Innovation of our alumni, foundations, and friends of the University. We are eternally indebted Forum, designed as a unique gathering Bryant Trustee Gordon P. Riblet and space for students and faculty to work on Ursula Riblet P’97 with Bryant mascot Tupper to their generosity.” projects and to develop design thinking; classrooms with writable glass walls
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8575.P24-52-IBC.indd 26 11/17/16 8:06 PM THE DAVID M. ’85 AND TERRY BEIRNE STADIUM COMPLEX The Beirne Stadium Complex is the hub ments at the of preparation and competition for the Bulldog Stadium student-athletes who comprise Bryant’s and construction 22 Division I teams and the Bryant Club of the Bulldog Sports teams. The complex features the Strength & 4,400-seat Bulldog Stadium, which boasts Conditioning excellent sight lines and maximum com Center. Though fort for spectators. The facility’s spacious their leadership locker rooms are equipped with state-of- gifts total some the-art features and technology. $7 million, the The award-winning Bulldog Strength Beirnes initially & Conditioning Center, also part of preferred to remain the complex, has been recognized as one anonymous. of the nation’s best-designed training “When Terry facilities for undergraduates. With weight and I made our lifting stations, workout sections, a nutri gifts, it was very tion station and indoor turf sprint area, important for us the Center provides world-class resources that our gifts were David M. ’85 and Terry Beirne at the dedication of The David M. ’85 and Terry Beirne Stadium Complex made possible through the couple’s leadership students from all sports need to become anonymous,” philanthropic support. stronger, faster athletes. Since its opening explained Beirne. in August 2015, it has allowed student “But philanthropy athletes to train with superior equipment is a learned skill and we were persuaded “What has been accomplished by as a team. This training and conditioning that in order to be an example for others, President Machtley and the leadership we needed to con team has been extraordinary,” continues sent to have our Beirne. “We’ve extended the university name on a building. internationally into Zhuhai, China. It’s the last thing we We have effectively transitioned from wanted personally. a college to a university. We’ve increased It wasn’t about us. the academic disciplines that we offer to It was about paying our student body. And we’ve successfully it forward and made the transition from Division II to helping others.” Division I athletics. Where everyone Beirne sees believed we would not be able to field his support for competitive teams, we’re winning.” Bryant’s student Beirne’s engagement with Bryant as athletes intrinsically an alumnus and trustee, and the support tied to the Univer he and Terry provide as exceptionally sity’s compelling generous donors, have impacted the lives vision for the future. and careers of countless Bryant students “The job that our and will continue to make a difference David M. ’85 and Terry Beirne are presented with the original drawings of students are going for years to come. The David M. ’85 and Terry Beirne Stadium Complex, including the expansion to have in the future “I believe that our ability to take and improvements at the Bulldog Stadium and construction of the award-winning Bulldog Strength & Conditioning Center. doesn’t exist today. Bryant from this platform into the future So it’s the skill is extraordinary,” affirms Beirne. “We have has resulted in significantly fewer injuries sets—leadership, character, the things the right academic programs. We have and better on-field performances. that we teach in the classroom and on the the right athletic facilities, and the right Leadership philanthropic support field of play—that are going to give them coaches. We will be a national power from David Beirne ’85 and his wife, Terry, the edge as they go out into the working house, I believe, academically as well as funded both the expansion and improve world. ” athletically.”
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8575.P24-52-IBC.indd 27 11/15/16 3:02 PM RALPH AND BARBARA PAPITTO: AN ENDURING INFLUENCE ON THE RHODE ISLAND COMMUNITY
Ralph R. Papitto ’47, ’87H and visible in the launch of Bryant Zhuhai, is dedicated to helping children in grades Barbara A. (Auger) Papitto ’83, ’85 MBA, carrying the Bryant tradition into China.” 4–8 improve classroom performance ’97H have used their Bryant degrees Ralph is an expert at bringing organiza and reading proficiency. It is particularly to run businesses and organizations that tions to the next level, and has several effective in reaching those with a drive have served to advance and enrich the times grown businesses and taken them and appreciation for academic success. Rhode Island community for decades. public. He got off to a fast start after col Throughout their careers and ongoing lege, with positions at Ernst & Young and dedication to promoting the public good, Arthur Anderson & Co. With an eye for both have maintained a connection to financial statements and a respectful Bryant, as well. emulation of established business leaders, Between them, the Papittos hold Ralph founded Glass-Tile Industries five Bryant degrees, along with prestigious at 29, making hermetic seals for the honors from several other academic semi-conductor industry, a particularly institutions across the region. Since well-timed service for a new industry. The graduating magna cum laude with a BS company rapidly grew to 300 employees in accounting, Ralph earned the Distin and exercised a public offering. His next guished Alumnus Award in 1982 and venture was Nortek, Inc., which grew to received an Honorary Doctorate in 1987. conduct $1.5 billion in sales, with 14,000 Barbara served on the University’s employees across 34 states, going on to board of trustees from 1987-96, remains become a NYSE-traded company. After an active honorary trustee, and was retiring from Nortek in 1990, Ralph took presented with her own Honorary over American Flexible Conduit Company, Doctorate in 1997. renamed it AFC Cable Systems and This long relationship continues with made it his third successful publicly traded a new highlight, a $1 million gift from business. AFC found its success by creat Ralph R. Papitto ’47, ’87H and the Papitto Foundation in support of ing an effective product and promoting Barbara A. (Auger) Papitto ’83, ’85 MBA, ’97H
Read to Succeed has an immediate “BARBARA AND I ARE PLEASED TO HELP payoff in elevating literacy levels in public PROPEL BRYANT FORWARD AT THIS EXCITING TIME schools, combined with the long-term IN THE SCHOOL’S HISTORY. benefit of helping students attend college. The program requires participants to read WE ARE ENTHUSIASTIC ABOUT THE LEADERSHIP AND six books per year and demonstrate MOMENTUM OF THE UNIVERSITY.” comprehension through a basic review RALPH R. PAPITTO ’ 47, ’87H exam. Successful students are awarded a certificate of completion and a $1,000 fund invested with Wall Street firm Alliance Expanding the World of Opportunity: multiple uses for it. The company is Bernstein. The assets can be withdrawn The Campaign for Bryant’s Bold Future. still doing business from its base in when the students attend college. The “Barbara and I are pleased to help New Bedford, MA, and several plants Papitto Foundation covers all of the costs, propel Bryant forward at this exciting time across the U.S. making the program completely free for in the school’s history,” says Ralph. As much as Ralph has enjoyed profes participating families. “We are enthusiastic about the leadership sional success, the Papittos wanted to do “It is simple, powerful, and clearly and momentum at the University, and something more. Both Barbara and Ralph the right thing to do for families who we desire to play an active role in taking have put their business acumen to work believe that education is still the key to Bryant to the next level. The Campaign has with a community-focused nonprofit the American dream,” says Barbara. already made great progress, especially called Read to Succeed. The organization
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8575.P24-52-IBC.indd 28 11/29/16 12:11 PM Scholarships to Compete for the Best Students SCHOLARSHIP GIFT HONORS BELOVED WIFE, LOYAL BRYANT ALUMNA With the guidance of Ralph as chair and Barbara as trustee, the Papitto When Dr. Melvin Foundation maintains a broad aid portfolio Hershkowitz talks about for community-focused initiatives. his late wife, Leslie (Kirker) Past contributions have gone to Miriam Hershkowitz ’44, his love Hospital and St. Mary Academy—Bay View, for her animates every among others. Barbara also maintains word. He fondly calls theirs an active volunteer leadership profile a “geriatric marriage” with organizations such as Refocus, Inc.; that took place after two Gabriel’s Call; the Diocese of Providence; years of courtship when and Holy Apostles Catholic Church. he was 61 years of age and “Ralph and Barbara have contributed she was 60. “My dear wife, to Bryant and the Rhode Island commu- Leslie, was a lovely, nity in so many ways,” says President wonderful woman who Machtley. “Their dedication to education, endured a lot of adversity starting at a young age and continuing in her early life. We through the college years, sets an inspiring enjoyed 20 very happy example. I am grateful for the impact years together,” recalls Leslie (Kirker) Hershkowitz ’44 with William E. Trueheart, who they have had on the Campaign.” Hershkowitz. served as Bryant’s President from 1989-1996 In recognition of service to the state, Following Leslie’s death Ralph was inducted into the Rhode Island in 2013 after a prolonged battle with worked at Brown University, eventually Heritage Hall of Fame in 2016, the highest Alzheimer’s disease, Hershkowitz con- relocating to Washington, D.C. to work civic honor for Rhode Island residents. templated how he might honor his for Education Week. She met and married His professional career, his work through beloved wife’s memory. When introduced Hershkowitz there and they returned to the Papitto Foundation, and his long to the opportunity to create a memorial Rhode Island following their retirements. commitment to higher education made scholarship in support of Expanding the Leslie maintained close ties to Bryant, his candidacy undeniable. In the words of World of Opportunity: The Campaign serving as co-chair for her 50th class the organization, this accolade is for those for Bryant’s Bold Future, he knew this reunion and for several years after. who have “made significant contributions would be a meaningful and tangible way Leslie and her husband attended to their community, state, and/or nation.” to demonstrate his wife’s commitment many Loyal Guard luncheons after she In the arenas of business and philan- to Bryant. Increasing access to a Bryant was inducted into the alumni group at thropy, efforts in the Papitto name have education through student scholarships her 50th Reunion. “Leslie was a loyal certainly played a role in shaping state is one of the pillars of the campaign. alumna who was devoted to Bryant,” history for more than half a century. The Leslie Kirker Hershkowitz ’44 notes Hershkowitz. “We attended many “It was an honor to be recognized Memorial Scholarship was funded reunions together and I got to know by the Rhode Island Heritage Foundation by Hershkowitz with a $110,000 stock Bryant quite well. This scholarship pre- for my philanthropic work,” says Ralph. transfer. The gift supports the creation of serves her memory.” “And I’m very glad to continue that work an endowed scholarship and two immedi- Expanding the World of Opportunity: by supporting Bryant and its mission ate annual scholarships. Students with The Campaign for Bryant’s Bold Future during the capital campaign.” demonstrated need from Rhode Island is the largest fundraising effort in Bryant’s On the foundation of a Bryant educa- or Massachusetts who are majoring in history. The $75 million campaign will tion, the Papittos have demonstrated communication will benefit from the generate the resources the University needs to remarkable longevity, remaining lifelong scholarship. achieve the transformative goals of Bryant’s fixtures in Rhode Island’s business A talented writer, Leslie graduated Vision 20/20 strategic plan and rise to new landscape with a significant presence from Bryant in an accelerated wartime levels of excellence and national prominence. in the state’s nonprofit community. curriculum. Following graduation, she
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8575.P24-52-IBC.indd 29 11/15/16 3:02 PM SPOTLIGHT ON FACULTY
Bryant’s accomplished faculty’s experience as of Rhode Island’s College of drugs. Boggio, a dual citizen practitioners, researchers, and thought-leaders in Business Administration, and of Italy and the United States, as director of the full-time was asked to participate as an their fields enhances classroom learning. Strategic Innovation M.B.A. expert in health law. program at URI. The UN Special Session was A prolific researcher recognized convened to reform treaties and ASSOCIATE DEAN versity Provost and Chief Aca for conducting high-impact strategies to tackle the world OF THE COLLEGE OF demic Officer Glenn Sulmasy. research that is widely acclaimed drug problem. BUSINESS NAMED J.D., L.L.M. in the field of management, he “The experience made me Anthony Wheeler, Ph.D., “Tony’s appointment as is also the recipient of numerous realize how imperfect yet valu S.P.H.R., has been named asso associate dean of the College of awards for teaching excellence. able the UN is,” Boggio says. ciate dean of the College of Business positions the University “The University is poised for “Although the session did not Business, an appointment that with deep expertise in the devel growth and continued success, deliver tangible policy improve underscores the University’s opment and delivery of ground and I am excited to be joining ments, seeing the international commitment to breaking graduate business Bryant’s visionary academic legal community and diplomacy its leadership programs,” noted Dean of the leadership team as associate at work is fascinating. Sitting role in academic College of Business Madan dean of the College of Business,” at the table of a member state innovation. Annavarjula, Ph.D. Wheeler said. in the majestic UN General “Today’s stu Wheeler brings a strong Assembly Hall, surrounded by dents graduate track record of designing and BOGGIO SERVES AS heads of state, ministers and into a world implementing innovative, DELEGATE AT diplomatic representatives from where strategic interdisciplinary, and entrepre UNITED NATIONS hundreds of other member innovation is Anthony Wheeler, neurial graduate programs that Associate Professor of Legal states alerted me of the intensity a prerequisite Ph.D. propel strategic goals. He previ Studies Andrea Boggio, J.S.D. to which nations work with for success, and Tony Wheeler ously served as Spachman served as an adviser to the each other to resolve issues is a leader in creating innovative Professor of Human Resource Italian government in a United and identify ways to share the graduates,” said Bryant Uni Management at the University Nations special session on planet peacefully.”
James Segovis, Ph.D . “ With a passion for strategic thinking that is associate professor impossible to resist, Professor Segovis inspires of management leaders. His continued mentoring after graduation Educating Bryant students for has allowed me to not only succeed outside the 24 years in a Management program College Factual ranks #5 nationally box, but thrive there. He is more than a professor; Director, Bryant Honors Program he’s become a lifelong colleague.” Former Senior Deputy Director, david hemendinger ´09 mba Training & Development, cio cso U.S. Treasury Department’s / Office of Thrift Supervision HopeHealth RI Founding Faculty Fellow, Hassenfeld Institute for Public Leadership’s Office of Education
BRYANT DELIVERS INSPIRATIONAL MENTORSHIP | www.bryant.edu
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8575.P24-52-IBC.indd 30 11/17/16 8:06 PM ENOS SHARES EXPERTISE they need to participate in a writers who protested U.S. gov- PRESTIGIOUS COLLEGE AT CORNELL UNIVERSITY complex society by exposing ernment actions that threatened LEADERSHIP FORUM Associate Professor of Sociology them in coursework and experi- indigenous people’s existence. As a delegate to the New York Sandra Enos, Ph.D. presented ences to a variety of approaches Dean focuses on four authors, Times Higher Ed Leaders Forum two keynote to social change and making a Sarah Wakefield, Lydia Huntley Glenn M. Sulmasy, J.D., LL.M., addresses this positive impact,” Enos says. Sigourney, S. Alice Callahan of Provost and Chief Academic spring con- In 2014, Enos was honored Muscogee and Creek decent, Officer, joined some of the most nected to her as one of Rhode Island’s most and Ora V. Eddleman of influential leaders in higher work with ser- “distinguished” women. Enos Cherokee heritage, who fought education—presidents, pro- vice-learning was featured in an exhibit at the for a politics of dissent. Interven vosts, chancellors and other and social University of Rhode Island’s ing in current debates in feminist leaders of colleges and universi- entrepreneur- Feinstein Providence campus and Native American literary ties—to address the most urgent 100 criticism, Dean shows how these issues on today’s campuses. ship, at Cornell Sandra Enos, Ph.D. that showcased more than University. women who have made an women advocated for Native At the iconic New York Times Enos’s first presentation impact in their communities. Americans by both politicizing building in Times Square, the titled Imagine. Engage. Reflect. conventional literature and group discussed diversity on Repeat: Lessons from Service- DEAN PUBLISHES BOOK employing literary skill to respond campus, the digital future of Learning was centered on her FOCUSED ON WOMEN’S to national policy. education and how to advise breadth of experience during LITERARY ACTIVISM Dean writes about and teaches students to thrive in today’s 40 years of civic engagement Professor and Chair of English American literature, literary and economy. work. In 1971, she “was dis- and Cultural Studies Janet Dean, social protest, women writers, patched to southeastern Alabama Ph. D. published a new book and Native American Studies. DIETRICH HONORED FOR for a year of service to serve in August that focuses on 19th Her essays and reviews have GLOBAL STUDIES WORK in the AmeriCorps. She spent century women’s literary activ- appeared in a number of jour- Professor and Chair of History her early career in child welfare ism supporting Native American nals and edited collections, and Social Sciences John and corrections and then rights. including Studies in American Dietrich, Ph.D., was honored worked with Campus Compact’s Unconventional Politics explores Indian Literature and the Iowa with the first national office before finally Native and non-Native women Journal of Cultural Studies. Global Studies settling into her current position Scholar Award, as a faculty member. for his dedica- Unconventional Politics Enos’s second presentation at by Janet Dean, Ph.D., tion and Cornell was titled Organizing Professor and Chair of achievement for Engagement: Pedagogies English and Cultural in establishing for Social Impact. It focused Studies, explores the Univer Native and non-Native on changing campus culture, women writers sity’s Global John Dietrich, Ph.D. framing language and thinking who protested U.S. Studies pro- broadly about how to teach government actions gram. The award will be given that threatened each year to a person who has students about social impact. indigenous people’s The sessions were part of existence. demonstrated outstanding a series conducted by Cornell scholarship, creative activity, which explore opportunities in and other professional contribu- local community partnerships, tions to the Bryant University how to strengthen communities Global Studies program. through storytelling, how to use Dietrich’s research and teach- analytics to enhance community- ing focus on U.S. foreign policy, engaged teaching, and innova- international relations, and tive methods to teach students human rights. He has published about social impact. numerous articles and a book on “This work advocates provid- George W. Bush’s foreign policy. ing students with experience
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8575.P24-52-IBC.indd 31 11/17/16 8:06 PM SPOTLIGHT ON FACULTY
SPOTLIGHT ON FACULTY the Journal of Management; Journal Professor of Finance David Investigators believe that pol (CONTINUED) of International Business Studies; Louton, Ph.D. was featured in len native to New England may Journal of International Manage Forbes on June 25 giving com offer a clue to solving the mys JIANG RECEIVES ment Journal of World Business; mentary on an article which tery. Langlois, a microbiologist, INTERNATIONAL and Asia Pacific Journal of Manage focuses on an investment guide noted that “The different kinds RECOGNITION ment Handbook of International for the second half of 2016. of pollen are quite distinct.” “The most important thing A research paper written by Business, and Thunderbird In an article written for Forbes. for individual investors to under Associate Professor of Manage International Business Review. com on April 26 headlined stand about the stock market is ment Crystal Jiang, Ph.D. was voted Jiang focuses her research on “Staying Competitive Requires that we are in an economic recov Best Paper at the Academy of firms originating from emerging Adaptability,” Jeff Boss, a former ery that has been engineered Management and the Academy economies in knowledge man Navy SEAL, motivational speaker and maintained entirely through of International Business confer agement, cross-culture manage and executive coach who recently the Fed’s exercise of monetary ence. “Effects of cultural ethnic ment, and innovation strategy. spoke at Bryant, notes that Asso policy,” he says. “My recommen ciate Professor of Marketing dation is to bank on the con Stefanie Boyer, Ph.D. “utilizes sumer. I suggest keeping it simple improv training to teach sales stu and going with the Consumer dents how to manage the unex Discretionary SPDR Fund (XLY). pected during their Northeast This provides exposure to a diver Intercollegiate Sales Competition.” sified portfolio of stocks that will Boyer brings in improv come benefit from any increase in con dian Melissa Bowler to sales sumer discretionary spending.” classes to help teach students In the wake of the mass shooting how to feel more confident in in Orlando, Professor of History handling situations where they and Social Sciences Gregg Carter, must think on their feet. Boyer Ph.D. appeared on BBC’s “World and Bowler won the National Tonight” and the Canadian Conference in Sales Manage news program “National Post” ment, University Sales Center to share how tragedy could tie Alliance: Best Practices in into the politics of gun control. Teaching in 2014. Crystal Jiang, Ph.D. was honored by the Academy of International Business for her “Compared to virtually all of Associate Professor of Marketing research. its peer nations…the United and Supply Chain Management States sticks out like a sore thumb ity, firm size, and firm age on BRYANT FACULTY Michael Gravier, Ph.D. wrote an with regard to the laxness of its senior executives’ trust in their FEATURED IN THE MEDIA article titled “The Case For Digital gun laws and with the complete overseas business partners,” was Transforma Associate Dean of the College of trauma that comes from this also rated as the most influential tion in the Business Anthony Wheeler, Ph.D., laxness,” he says. in the world by the Academy of was quoted in the Providence Supply International Business, the lead Business News on June 17 discuss Professor of Science and Tech Chain,” in ing association of scholars and ing how companies use online nology Gaytha Langlois, Ph.D., Supply Chain specialists in the field of interna information to learn about was featured in a WJAR-TV World, an tional business. potential hires. story about an Ohio sheriff’s international “After five years of revision office seeking assistance identi quarterly “Google, Facebook, Amazon Michael Gravier, Ph.D. and two years of field interviews and others create profiles based fying a female homicide victim publication with CEOs in China, I am happy on web searches—what stories who may have been from covering best practices in supply to see how this article is going you read and what updates you New England. Jane Doe, also chain management, on May 2. to contribute to academia and have on Facebook. Others, I known as the “Buckskin Girl,” It has a readership of more than offer practical meaning to com would say, are probably engaging was found in a ditch near Troy, one million people. panies,” says Jiang. in some other sort of analytics to Ohio on April 24, 1981. A coro In the article Gravier offers five She has been published in better understand how to con ner determined she had died principles to keep in mind for elite journals in her field including struct jobs and retain employees.” from strangulation. fostering a healthy supply chain.
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8575.P24-52-IBC.indd 32 11/15/16 3:02 PM “Supply chain leaders must available suppliers in order to take advantage of the opportu- exactly match customer needs.” nities that come with digital A blog post from Trustee Professor transformation in order to stay of Management Michael Roberto, competitive in today’s global D.B.A. was featured in The Globe market,” he writes. “Digitization and Mail May 19 article head- does not mean applying the lined “Myths about millennials latest technologies, it means in the workplace.” In Roberto’s aligning digital initiatives with blog post, “Keeping Millennials supply chain goals.” Engaged at Work,” he says that Gravier was also published students “need to be challenged in a Supply Chain Management —stretched intellectually— Review article on June 20 titled while providing them excellent “The Fourth Industrial Revolution: learning and development Why the Cost Tradeoff Mentality Peter Nigro, Ph.D. spoke about low interest rates in U.S. News & World Report. opportunities. Will Change Supply Chain Roberto was also featured Management Review.” NIGRO FEATURED IN U.S. withdrawal in much the same in The Globe and Mail May 5 Gravier writes that “in order NEWS AND WORLD REPORT way that an addict may struggle in the article “Meetings, meet- for supply chain managers to Sarkisian Chair in Financial to adjust to the sober life after ings, meetings … and how to succeed in the Fourth Industrial Services and Professor of Finance going off the sauce.” improve them.” Revolution they will need to Peter Nigro, Ph.D., was quoted If rates swung higher, he says In the article, Roberto says shift the focus from cost tradeoffs in U.S. News & World Report it “could really hammer equi- that he knows of one company between centralized assets such article headlined “Are Markets ties—especially high-yielding that “uses interaction software as inventory and production Hooked on Low Rates?” dividend stocks. This is unchar- to allow anonymous questions capacity and move it to applying Discussing what will happen if tered territory and could lead to —and also permits those in the individual resources to individ- interest rates return to normal problems if the (Federal Reserve) audience to ‘like’ a question, ual customers, and to do it in levels after historic highs in increases rates sooner than signalling what’s top of mind collaboration with other locally recent years, Nigro says: current expectations.” for everyone.” “Markets will simply go into rate
Lori Coakley, Ph.D., M.B.A. “ Working with Dr. Coakley as a graduate student professor of management and graduate assistant set me on a path to
Educating Bryant students for more achieve more than I ever imagined. This than 20 years in a Management valued teacher and mentor’s expertise in program College Factual ranks #5 leadership and strategic management helped Founding Faculty Fellow, Hassenfeld Institute for Public Leadership guide me through my Bryant years and beyond.” Created Bryant’s Women in daniel shorr ’03 mba Leadership professional development course managing director sms financial, llc Leadership and strategic management consultant