2015-16 annual report school of - school of businesssb.cofc.edu/officeofthedean/pdf/sb annual...

College of Charleston

School of Business

5 Liberty Street

Charleston, SC 29401

https:/sb.cofc.edu

2015-2016

School of Business

Annual Report

TABLE OF CONTENTS

MESSAGE FROM THE DEAN ............................................................................................................... 2

SCHOOL OF BUSINESS ......................................................................................................................... 3

Mission Statement ............................................................................................................................................................ 3

Vision ........................................................................................................................................................................................... 3

Values .......................................................................................................................................................................................... 3

STRATEGIC MANAGEMENT ............................................................................................................... 4

Learning Goals ..................................................................................................................................................................... 4

Strategic Goals ..................................................................................................................................................................... 4

S.W.O.T. Analysis ................................................................................................................................................................. 6

Challenges .................................................................................................................................................................................................. 6

PROGRAM ACCOMPLISHMENTS ...................................................................................................... 7

Innovation .......................................................................................................................................................................................................................... 7

Engagement ..................................................................................................................................................................................................................... 9

Impact ................................................................................................................................................................................................................................... 11

Job Placement....................................................................................................................................................................................................... 12

Enrollment ............................................................................................................................................................................................................... 13

Declared Majors ................................................................................................................................................................................................ 13

Degrees Earned .................................................................................................................................................................................................. 14

Philanthropic Support ............................................................................................................................................................................... 15

Scholarships ........................................................................................................................................................................................................... 16

Awards .......................................................................................................................................................................................................................... 16

GLOBAL ........................................................................................................................................................................................................................................ 18

DIVERSITY ............................................................................................................................................................................................................................... 21

RESEARCH AND PROFESSIONAL DEVELOPMENT ............................................................................................................ 23

ORGANIZATIONAL CHART ................................................................................................................................................................................. 24

MESSAGE FROM THE DEAN

I am pleased to present the 2015-2016 Annual Report. The faculty,

staff, and students of the School of Business has an extraordinary

year, as you will note throughout this report.

Today’s business schools have the ability to influence the

development of local and national innovation ecosystems by

aligning with community needs. By integrating a time honored

liberal arts curriculum with market relevant programming, the

School of Business strives to graduate students who are ready-to-

work and add value to the workforce. Over the past five years, we

have become one of the leading business schools closely

integrating with the business community, including Charleston’s growing tech sector and renowned

hospitality and tourism industry. Further, with the School’s dual AACSB accreditation in business and

accounting, we are part of an elite group that makes up less than five percent of the world's business

schools to have earned this business accreditation.

The School of Business continues to experience significant growth despite the challenges that come

with an ever-tightening budget. Unlike the decline in enrollments and class size seen across campus,

the demand for business degrees is surpassing the resources available to support them. Even in the

face of these challenges, the School of Business leadership and faculty continue to establish programs

that are in demand, add value to the student experience, and create greater opportunities for all

students. We are developing innovative programs that will have a direct and transformational impact

on the lives of our graduates and we help students build the strategic, analytical, and transactional

knowledge and skills they need to be ready-to-work. At the same time, our world-renowned faculty

continue to conduct impactful, real-world research and present their findings at conferences and in

top-tier publications.

Improvements and growth in the School of Business have and will continue to benefit and support our

long-standing liberal arts tradition. We are committed to executing the College of Charleston’s

strategic priorities, while realizing the School of Business mission of educating business leaders who

make a positive contribution in the community and beyond.

Alan T. Shao, Ph.D.

Dean, School of Business


June 30, 2016

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SCHOOL OF BUSINESS

MISSION STATEMENT The School of Business serves our state, region, and the global business world by educating socially

responsible graduates through practical undergraduate, graduate and professional programs and by

advancing the development of our community of scholars in their intellectual pursuits.

We fulfill this Mission by:

Engaging diverse students in personal educational experiences that encourage a global mindset,

inspire creativity and innovation, and develop leadership skills in preparation for business

challenges and opportunities.

Building a globally oriented faculty who’s teaching, research, and service influence students, the

business community, and other constituents.

VISION

The College of Charleston School of Business is committed to being an application-oriented learning

environment that graduates “ready-to-work” students who have been constantly exposed to real-world

business challenges. We utilize the Charleston region as our business laboratory and partner. The

business community is a seamless presence in the educational lives of our students and faculty. It is our

responsibility to prepare our students to effectively compete in the global economy.

VALUES The School supports and reflects the values articulated in the College of Charleston’s strategic plan

document which:

Provides academic excellence furthering intellectual, creative, ethical and social development

through our broad range of programs centered on the liberal arts and sciences

Creates a student-focused community that embraces mutual respect, collaboration and diversity

for the welfare of the individual and the institution

Embraces the history, traditions, culture and environment of Charleston and the Lowcountry

that foster distinctive opportunities for innovative academic programs and relationships that

advance our public mission in the city of Charleston, the state of South Carolina and the world.

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STRATEGIC MANAGEMENT

LEARNING GOALS

• COMMUNICATION SKILLS: Students will demonstrate the ability, via both the written and spoken

word, to effectively present, critique, and defend ideas in a cogent, persuasive manner.

• QUANTITATIVE FLUENCY: Students will demonstrate development of relevant computational

skills.

• GLOBAL CIVIC RESPONSIBILITY: Students will be able to integrate knowledge and skills in

applications that facilitate student articulation and response to social, ethical, environmental and

economic challenges at local, national and international levels.

• INTELLECTUAL INNOVATION AND CREATIVITY: Students will be able to demonstrate their

resourcefulness and originality in addressing unscripted problems by applying and building upon

knowledge and life experience.

STRATEGIC GOALS The School of Business goals include personalized educational experiences for students, globally

oriented faculty and students, community outreach and engagement, innovation, impact, and faculty

development. During the 2015/16 academic year, the School fully attained one of their top six priority

goals to develop a supply chain management program that prepares graduates on the undergraduate

levels and partners with industry and government. The School’s current plan comprises five priority

goals in alignment with the College of Charleston’s strategic goals. This plan is reviewed and revised,

when appropriate, on an annual basis by the School’s leadership, with advisory input by the Board of

Governors.


Strategic Plan Goals 2009 -2020 revised 2013

School of Business

Top Five Priority Goals 2016- 2020

SPG 1- Provide students a highly personalized

education based on a liberal arts and sciences

cores and enhanced by opportunities for

experiential learning.

SPG 4- Establish and promote a vibrant campus-

life atmosphere dedicated to education of the

whole person through integration of curricular

and co-curricular or extracurricular activities.

1) Establish a fully staffed Student Advancement

Center and continue to invest in Centers of

Excellence and career-ready programs to better

position our students to compete for and secure

employment.

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Strategic Plan Goals 2009 -2020 revised 2013

School of Business

Top Five Priority Goals 2016- 2020

SPG 1- Provide students a highly personalized

education based on a liberal arts and sciences

cores and enhanced by opportunities for

experiential learning.

SPG 2- Develop or enhance nationally recognized

undergraduate, graduate and professional

programs in areas that take advantage of our

history, culture and location in Charleston and

contribute to the well-being of the region.

2) Reinforce the distinction and value of our one-

year MBA program by achieving and sustaining

annually 100 percent job placement for those

who seek it within three months of graduation.

SPG 3- Provide students the global and

interdisciplinary perspectives necessary to

address the social, economic, environmental,

ethical, scientific and political issues of the 21st

century.

3) Prepare all business students with global

perspectives and experiences that position them

to effectively compete in today’s business world.

SPG 2- Develop or enhance nationally recognized

undergraduate, graduate and professional

programs in areas that take advantage of our

history, culture and location in Charleston and

contribute to the well-being of the region.

SPG 5- Achieve financial security by creating a

new financial model for the College of

Charleston.

4) Expand the School of Business through self-

sustaining professional training courses, an

executive MBA program, M.S. in mathematical

finance, and a Ph.D. program to satisfy the

educational needs of the region’s business

community.

SPG 1-5 5) A new business education center is an

essential foundation in achieving each top

priority goal.

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S.W.O.T. ANALYSIS The School of Business evaluates its strengths, weaknesses, opportunities, and threats (S.W.O.T.) in

order to match strengths to external opportunities, transform weaknesses into strengths, convert

external threats into opportunities, and eliminate or minimize weaknesses and threats for sound

strategy development and decision making.

Helpful (to achieving the objective)

Harmful (to achieving the objective)

Internal Origin

(attributes of the SB) Strengths: Professional programs, strengthened by a strong

liberal arts college.

Board of Governors

Responsive to workforce gaps (new majors)

Growing enrollment

Fundraising

Improvement plans for Student Success Center

AACSB International Accreditation

Weaknesses: School of Business is uncertain what their position is on campus

Turnover of key faculty

Budget Cuts

AA changes resulting from SACSCOC process

Lack of space

Lack of revenue generating programs

External Origin

(attributes of environment outside the SB)

Opportunities: Rapidly growing business community (i.e. manufacturing, technology)

Funding through department advisory boards

Adding revenue generating programs (Executive Education)

Threats: Increasing need for Visiting faculty & Adjuncts due to budget cuts

Future budget cuts

North Campus programs

Faculty not all AACSB qualified & engaged

Increase in onslaught of competition of other business schools

CHALLENGES

Declining resources continue to present challenges for the School of Business. While business student

enrollment maintained its growth, the overall College enrollment declined. This resulted in the College

reducing the business school’s state recurring budget and the elimination of a staff line.

Lack of faculty and teaching workload remains another challenge for the School of Business, especially

with enrollment and class size growth. Business teacher workload shows the average student credit

hour per IFTE faculty has been the highest on campus over the past 3 years and we are the only School

with an increasing class size in the past 5 years.

Per Semester 2012/13 2013/14 2014/15 SB 257 259 255

Avg Student Credit Hour per IFTE* CofC 204 199 195 SB 31 31 31 1% 5-yr change

Avg Class Size ** CofC 25 24 24 -7.4% 5-yr change * Instructional Full-Time Equivalent **Defined by UG enrollments/UG sections

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PROGRAM ACCOMPLISHMENTS

Consistent with AACSB’s adoption of new accreditation standards, our programs and initiatives revolve

around Innovation, Engagement and Impact. In addition, as a continuation of our long-standing

international focus, we continue to stress global initiatives in much of our work. Recognizing that

these areas are often overlapping, the following is a summary of some examples of our

accomplishments organized into these structural areas:

INNOVATION

We continue to be innovative in the academic programming we offer as well as in the co-curricular

opportunities we provide to our students and our professional community. A variety of examples are

provided below from the 2015-2016 Academic Year.

The School of Business strategically establishes majors that align with industry needs.

Implementing the Supply Chain Management major in Fall 2015 provides students with the

knowledge and skills needed in today’s rapidly changing industrial landscape of the state of

South Carolina. With a projected goal of 10 majors by 2016, it has already surpassed that with

62 current majors.

The School continued to engage in the SAP University Alliance and incorporate information

management principles into the school’s curriculum. Additionally, the Department of Supply

Chain and Information Management received approval to introduce a new minor in

Information Management, to be implement within the next academic year.

In December 2015, Supply Chain Management was awarded $292k+ in State appropriations

due the increasing demand for these jobs in South Carolina

The Interdisciplinary Center of Applied Technology (ICAT) provided learning experiences to 39

students (13 teams) this academic year using the new ICAT Accelerator room, Beatty 120. Each

team self-aggregates and creates a globally-scalable business with a minimum viable product

(MVP) and customers in 14 weeks. Of the 13 startups, 7 are still moving forward following the

completion of this program.

A new Living and Learning Entrepreneurship Center was established, which was instrumental

in helping generate an enthusiastic cohort of young student entrepreneurs in the Honors

College. Lancie Affonso, joint Instructor for Management & Marketing and Computer Science, is

directing this groundbreaking program.

At the suggestion of Boeing and in the need to solve the problem of deeper skill development

across teams in business, creativity and technology, ICAT programming was expanded by

offering a one-hour weekly workshop on a timely topic, called the ICAT Genius Hour. Open to

the community and to students, 12 workshops were held, developing a following of 211 people

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on campus and in the greater Charleston community. Topics included 3d modeling, 3d

Negotiation, LLC formation, and Design Thinking. The ICAT Genius Hour philosophy is “Learn a

skill now; Apply the skill immediately; Empower yourself for life.”

The School setup a new office facility to house the SC Supply Chain Applied Research Center,

supported by the U.S. Department of Commerce.

The Departments of Economics and Finance offered its students major software packages and

industry data such as CRSP, CRSP/Zimans, SNL, COMPUSTAT, Eviews and Gauss, and ARGUS to

equip our students with a working knowledge of industry standards.

Students participating in the School of Business Investment program completed a third year

managing a portfolio of public investments. For the first time, the students invested $10k in the

private equities, marking the beginning of what is planned to be a permanent component of the

Investment Program.

With the support from faculty, staff, and the School of Business Board of Governors, we laid the

foundation to revamp the Student Success Center, which supports student development &

career advancement for all business students.

Dr. Bin Pan, Director of the Office of Tourism Analysis, adopted Google AdWords simulations in

two courses (HTMT 354, HTMT 360).

Dr. Angela Passarelli, Assistant Professor in the Department of Management and Marketing,

administered the Kolb Learning Styles Inventory to her students to reinforce the importance of

identifying and leveraging team member strengths.

Dr. Kelly Shaver, Professor in the Department of Management and Marketing, taught ENTR 451-

Health Sciences Entrepreneurship, which is cross-listed at MUSC and the Citadel as both

Biomedical Commercialization and Biomedical Technology Entrepreneurship. His students

worked with three projects, which included the development of a bioengineered bone cement,

a hand-held potentiometric diagnostic system to detect adverse cardiac biomarkers, and the

creation of a 3-D matric environment for the culturing of heart cells.

The Center for Entrepreneurship hosted two DEMOS elevator pitch contests as a key element of

the ENTR 200 course. Disability and Entrepreneurship: Models of Success (DEMOS) grants

support the development of new entrepreneurial endeavors that fully incorporate principles of

Universal Design in their business models. Two hundred entries were submitted and a total of

$3,000 was awarded.

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The students in the School of Business Investment Program continued to manage a public

investment fund portfolio. This year they made their first private equity investment in a local

startup firm that focuses on helping employers better match their need to the qualities of the

students. This innovative program was cited in the fall issue of The Princeton Review’s: College

that Create Futures.

ENGAGEMENT

We continue to grow and enhance our engagement efforts with students, industry, community, and

academia through our curricular and research programs, extra-curricular activities, and industry

partnerships. A variety of examples are provided below from the 2015-2016 Academic Year.

The School of Business participated in a number of events during Gender Equity Week, organized by

Women’s & Gender Studies March 18-24, 2016.

The Supply Chain & Information Management department sponsored the Women in

Manufacturing and Supply Chain Forum on March 22, 2016. Approximately 200

students and faculty listened to five female, senior executives talk about their

experiences in supply chain and manufacturing management.

On March 18, 2016, the Center for Entrepreneurship hosted a Women in

Entrepreneurship Panel where several female entrepreneurs participated in a live pitch

competition.

Dr. Carrie Blair Messal, MGMK Associate Professor, hosted Gender Equity/Work Family

Balancing Issues Case Workshop, where faculty and staff discussed issues associated

with organizational culture and the glass ceiling.

The Center for Entrepreneurship hosted the inaugural Celebrating Women Entrepreneurs

Summit on March 18, 2016 at the Sottile Theatre. More than 475 College of Charleston

students, faculty and staff members, community members, professionals and industry experts

attended the event, which was organized in an effort to inspire entrepreneurs and raise

awareness of the potential for innovation and economic expansion for women and by

women. The Summit featured five dynamic female entrepreneur speakers who spoke about

their inspiring journeys and common struggles they see facing present and future female

entrepreneurs.

The Center for Public Choice & Market Process continued to advance the understanding of the

economic, political, and moral foundations of a free market economy by organizing 16 major

events this year that involved over 1,000 participants. Their two premier programs included:

The BB&T Free Market Process Speaker Series hosted four distinguished speakers from

academia. Dr. Randy Simmons, Utah State University and Strata Policy; Dr. Michael

Munger, Duke University; Dr. Dean Mulholland, Stonehill College; and Dr. Carl Schramm,

Syracuse University

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The 8th annual Adam Smith Week program was the largest attended, with over 600

students, faculty, and community members. The program included a diverse set of

topics in literature, foreign policy, entrepreneurship, and democracy and voting.

Student members of the Microfinance Club volunteered their time and expertise to teach both

entrepreneurship and personal finance in an effort to improve the lives of local underprivileged

families. Outreach projects included helping homeless individuals write resumes and get jobs,

creating homemade washing machines for the poor and passing out food to those in need.

They also worked with Angel Oaks Elementary, a Title 1 school, teaching students how to start

a business.

Students participating in the School of Business Investment Program:

Hosted the second annual CofC Strategic Investment Symposium in April 2016, which

focused on strategic asset management. The event included 15 distinguish speakers

and nearly 150 attendees coming together to discuss the Global Market Outlook.

Coordinated the third annual Goldman Sachs Day in November 2015, where

representatives from two divisions within Goldman Sachs listened and provided

feedback to student presentations and an asset pitch for investment in Scripps Network

Interactive (SNI).

ICAT hosted two conferences: ProtoCon (2/21/16) and NodeSC (3/12/16).

The MBA Association charitable organization this year was the Ronald McDonald House, where

they volunteered and presented a donation check resulting from fundraiser efforts.

The Beta Alpha Psi (BAP) accounting students coordinated their annual Volunteer Income Tax

Assistance (VITA) Program to low income-to-moderate income citizens.

The Economic Book Colloquium continued this year where approximately 12-15 students met

weekly with economics and political science professors to discuss contemporary economics

books.

The Office of Tourism Management and the Hospitality & Tourism Management Department

hosted five Visiting Scholars in 2015-2016:

Hanyu Zhang, Ph.D. Jinan University Shenzhen Tourism College, China

Zhenting Li, Ph.D. Tourism & Environment College from Shaanxi Normal University

Bing Wu, Ph.D. Tourism & Environment College from Shaanxi Normal University

Professor Kai Bai Tourism & Environment College from Shaanxi Normal University

Mr. Yong Liu, CEO Shenzen Venice Hotel Consulting Co.

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Dr. Marvin Gonzalez, Associate Professor in Supply Chain & Information Management, and Su

Frost took 19 College of Charleston students to Honduras during the 2016 Spring Break, for the

annual service-learning trip. Prior to the trip, a donation drive resulted in 60 bags of school

supplies given to the village children and its school, plus $600 collected from faculty and the

CofC rowing team, to be used for scholarships to send village children to high school.

The Think Differently Forum student scholars and director, Dr. Elise Perrault-Crawford

(MGMK), welcomed Matthew Rutherford to speak on "Let's Disable Disabilities: Challenge Your

Views on Normality", where he shared his insights into how to think differently about people

who seem different than we are.

Keyana Cordano, MBA Placement and Recruitment Coordinator, was a mentor for the MSPS

Mentoring Matters program whose mission is to provide companionship through positive guidance

with a support system towards relevant academic programming, extracurricular activities, and

resources for multicultural students on campus in an effort to promote self-development and

personal growth.

The Student Success Center mission is to empower business students to accelerate their

academic and career potential by providing credible expertise and meaningful connections. In

the 2015/16 academic year, Center staff conducted 1,133 student appointments. 72% were

held in fall semester and half were conducted by one person, Ms. Maggie Hill.

The Office of Tourism Analysis employees both graduate and undergraduate students as

researchers working alongside Dr. Bing Pan on its tourism research projects providing the

students with valuable hands-on industry experience.

The Center for Entrepreneurship sponsored the Tommy Baker Entrepreneur-in-Residence,

Glenn Starkman, to help teach MGMT 445, a 1 credit seminar in entrepreneurship pioneered by

Tommy Baker. The Center engaged three new Entrepreneurs-in-Residence – Michael Cahill

(Legal EIR), Wayne Mickiewicz (Executive EIR), and Stuart Williams (Social & Environmental

EIR).

IMPACT

We have achieved significant and positive impact on our students, faculty, community, and professions.

The data also supports how much the School of Business contributes toward the good of the College.

Student members of the Microfinance Club volunteered their time and expertise to teach both

entrepreneurship and personal finance in an effort to improve the lives of local underprivileged

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families. Outreach projects included helping homeless individuals write resumes and get jobs,

creating homemade washing machines for the poor and passing out food to those in need. They

also worked with Angel Oaks Elementary, a Title 1 school, teaching students how to start a

business.

Five School of Business faculty members (Drs. Elaine Worzala, Jocelyn Evans, Lancie Affonso, and

Wayne Smith) continued to serve another year as SPECTRA mentors. SPECTRA provides an

academic and transition experience for recent African American, Latino, Asian, and Native

American (AALANA) high school graduates who have been accepted to the College of Charleston

and are enrolling for the fall semester.

Dr. David Desplaces, Associate Professor in the Department of Management and Marketing,

continued his support for a prior ENACTUS initiative to raise funds and provide micro finance loans

for women in Foumbot, Cameroon. This program supports 18 women in their effort to gain

financial Independence and self-empowerment by running agribusinesses. The small interest

raised from these loans is reinvested to secure supplies to grow crops.

The Schottland Scholars, a leadership program for exceptional School of Business seniors,

continued for a seventh year, thanks to funding from Peter and Susan Schottland. Eleven students

were selected to participate this year, which included trips to Boston and Raleigh/Durham to meet

with 20 organizations during the course of the both tours. Locally, the students visited 8 organizations,

hosted 15 dinners with business leaders, and held 6 special events.

The Director for the Office of Economic Analysis, Dr. Frank Hefner, continued serving as an expert

panelist two times on the ETV televised show Carolina Business Review - 2016 Economic Forecast,

in addition to meeting with 9 different groups for presentations and was interviewed 3 times on

radio and television.

Dr. Bing Pan and the Office of Tourism Analysis (OTA) research was referenced in the media thirteen times during the course of this academic year concerning tourism data and forecasting in the Lowcountry.

Dr. Pan and the OTA were instrumental in securing $157,345 in research funding. These funds support a full-time research coordinator and 10 student employees. Since its inception in 2014, the Office’s largest partner is the Charleston Area Convention and Visitor Bureau.

Job Placement:

Job placement for students in the Master of Science in Accountancy program remains at or

near 100%. Student and alumni placements during the 2015-2016 academic year included

E&Y, PWC, Deloitte, Dixon Hughes Goodman, Elliott Davis DeCosimo, Grant Thornton, BDO,

Johnson Lambert, Moody CPAs, and Webster Rogers.

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The MBA 2015/16 cohort achieved 95% placement.

Enrollment:

The School of Business enrollments remain strong. We are the only School with positive growth

enrollment over the past 5 years. It has the highest percentage of non-resident majors on campus

and continue to tend upward.

Fall 2015

Student Enrollment

Undergraduate Level Courses

5-Year Change

(%)

% of Students Paying

Non-Resident Tuition

School of Business 6,763 18.9% 47%


53,697 -1.5% 32%

(27% non-business, non-resident)

Declared Majors:

Business Administration is the largest major at the College (901 as of Spring ‘16)

Marketing & Finance were the fastest growing majors on campus as of Spring ‘15

School of Business has experienced 40% growth in declared majors from Fall ’09 (1,514) to

present.

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Number of Declared Majors* in the School of Business Undergraduate Programs

Spring 2012 Spring 2013 Spring 2014 Spring 2015 Spring 2016

ACCT 221 247 268 255 243

BADM 1010 1028 977 892 901

ECON 159 142 107 92 81

FINC ** n/a n/a 121 197 253

HTMT 281 284 302 300 327

INTB 243 235 262 257 227

MKTG ** n/a n/a 129 203 264

SCIM ** n/a n/a n/a n/a 63

SB TOTAL 1914 1936 2166 2196 2359

% change 11.0% 1.1% 11.9% 1.4% 7.4%

* Includes double, pre-declared (intended), & fully declared majors. Freshmen we allowed to pre-declare business major for first time in 2013/14 year.

** New programs leading to decrease in BADM numbers

Degrees Earned:

Our most significant impact is that of our students. 677 earned their Bachelor of Science degrees

from the School of Business during the 2015-2016 academic year, which is a 5.5% increase from

the previous year.

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Number of Graduates in the School of Business Undergraduate Programs

2011/2012 2012/2013 2013/2014 2014/2015 2015/2016

ACCT 53 71 65 76 82

BADM 305 312 290 292 276

ECON 54 59 43 27 30

FINC ** n/a n/a 31 44 60

HTMT 85 86 87 87 100

INTB 74 55 63 85 68

MKTG ** n/a n/a 17 31 61

SCIM ** n/a n/a n/a n/a 14

SB TOTAL 571 583 596 642 677

% change 1.8% 2.1% 2.2% 7.7% 5.5%

* Summer 2015 graduates estimated

** New program as of 2013/2014 leading to decrease in BADM numbers

Philanthropic Support:

Thanks to our Board of Governors, alumni, parents, corporate partners, and other friends

who supported the School of Business from July 1, 2015 to June 30, 2016, gifts and pledges

totaled $2,830,115. Such donor support has resulted in more student scholarships,

innovative programs, faculty enrichment, life-changing global experiences, and an

enhanced Dean’s Excellence Fund that is advancing the School more than ever. Our donors

are vital partners in our ready-to-work mission.

In February 2016, we asked our alumni to “Give to What You Love” (GTWYL) by supporting

the area of the business school that was meaningful to them as students. Not only was the

initiative successful in achieving its goal of reaching 140 donors (and then some), it

sparked a culture of philanthropy among the School of Business that hadn’t existed before.

The extraordinary level of participation seen in GTWYL resulted in a goal-shattering 189

donors within the month of February, with more than $38,000 designated to 23 distinct

purposes within the School of Business. But, who benefits the most? Without a doubt – the

students.

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Scholarships:

A total of $341,872 in academic merit, needs-based, or travel scholarships were awarded to

undergraduate students by the School of Business.

Upperclassmen Freshmen

# Applications Submitted 102 145

# Renewed Awards 21 20

# New Awards 42 12

Total # Awarded 63 32

Total $ Awarded $174,172 $167,700

The School of Business gave scholarships from 33 scholarship funds. Scholarship funds go

directly toward student tuition, with exception to travel scholarships.

Albert Sottile Memorial Scholarship Guy E. Beatty Scholarship R. Keith & Melissa G. Sauls Scholarship

Angel Oak Scholarship for Real Estate Hale-Westbury Scholarship Rebecca Herring Endowed Scholarship

Barkley Family Honors Program for Business & Economics

Independent Insurance Agents of SC Scholarship

Robert McCormick Figg Americanism Scholarship

Boeing Scholarship in Business Jack Maybank Maritime Scholarship Sharon & Rus Kingman Scholarship

Charles & Mary Pratt Edmondston Scholarship

Kiawah Island Golf Resort Education Scholarship

Sharon & William Asbill Scholarship

Charleston Bed & Breakfast Association Scholarship

Knox MBA Global Scholarship South Carolina Stevedores Association Scholarship

Charleston Harbor Resort & Marina Knox MBA International Scholarship Steadman Scholarship

Charleston Restaurant Association Education Scholarship

Maclean Business Scholarship The Warren Capital Scholarship

Charleston Wine & Food Festival Education Scholarship

Mattox Family Scholarship Wayland Henry Cato, Jr. Scholarship

Daimler Vans Manufacturing Scholarship

P. George Benson MBA Scholarship Wells Fargo Business Scholarship

Grooms Memorial Scholarship Patrick E. Ringwald Memorial Wild Dunes Resort Hospitality Management Scholarship

Awards:

We take pride in acknowledging excellence in our students and faculty.

Outstanding/Distinguished Student Awards (Seniors)

Accounting Business Major Entrepreneurship Finance International Business Major Marketing Major Hospitality & Tourism Management

Alexander Wood Alan H. Lindsey Blair J. Hines Gabriel Henderson & Casey Witkowski Vu Tran L. Merrill Pischke Kaitlyn M. Dowling (major)

Lindsey M. Antinoro (minor) Rachel J. Bradd (Academic Achievement)

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Student “CWE” Entrepreneur Award Carlie Christenson

Innovator Games Winner Grace Neil

School of Business Outstanding Student April Henry

Vu Tran & Mary Frances Zeager (Finalists)

Distinguished Accountancy Graduate Student Justin Herp & Lindsey Hayes

Al Lifton Award for Leadership & Management Development

Molly M. Stichter (Highest Performance)

Nicole C. Watches (Finalist in Model Case Analysis)

ARGUS Award in Real Estate Nathan R, Barnett & Bruce J. Sage

BMW Logistics Advantage (Travel to Rotterdam, Holland) 17 students given $1,200 each travel scholarship

Cahill Endowed HTMT International Internship Award Brianna Mawra

CCIM Award in Real Estate David C. Carter & Jared R. Murphy

CHAT Leadership Award in Hospitality & Tourism Management

Meredith A. Cox

Fanchon Morrow Condon Memorial Outstanding Economics Student Award

Mary Francis Zeager

Frank H. Stoll Service Award Nicole C. Watches

Market Analysis Award in Real Estate Blair Hines & Brittany Pirolla

Ory-Williams Student Award for Global Study

Schottland Business Leadership Award Gabriel J. Henderson

James Reynolds & Alexander Woods (Finalists)

South Carolina Governor’s Award (Hospitality & Tourism) Rachel J. Bradd

Tommy Baker Ward for Entrepreneur of the Year Blair J. Hines

William F. Muckenfuss Award Elizabeth Hopson

William Young Ripley Award Haley Lundquist

Faculty Internal Award:

Distinguished Teaching in School of Business Norman Maynard

Distinguished Research in School of Business Elise Perrault

Distinguished Service in School of Business Marvin Gonzales

Howard J. Rudd Distinguished Faculty Award Peter Calcagno

MBA Teaching Award Daniel Huerta

College of Charleston Distinguished Research Award Dr. Kelly Shaver

College of Charleston – SB Faculty of the Year Excel Award Dr. Peter Calcagno

College of Charleston Theodore Stern Legacy Dr. Graeme Coetzer

for Visionary Leadership Award (Presidential Legacy ExCEL Award)

College of Charleston Honors College Fellow Lancie Affonso

External Faculty Recognition: Dr. P. George Benson 2015 Corporate Director Award, Atlanta Business Chronicle Dr. Kelly Shaver Justin G. Longnecker Fellow, USASBE Dr. Ya You 2015 MSI/H. Paul Root Award for article, Journal of Marketing Dr. David Wyman ARES Practitioner Research Award Dr. Bing Pan 2015 Fellow of International Association for China

18

GLOBAL

GLOBAL

At the School of Business, we believe that excellence, diversity and inclusion are interdependent. In other

words, diversity and inclusion are key strategies in our overall pursuit of excellence in our college. Some

examples of our continued global commitment during this review period include the following:

The Business Research Guide ranked our School #15 among the top 30 prominent business

schools for global business and study abroad programs.

The National Center for Education Statistics recognized the School’s undergraduate

International Business program as the 10th largest program among public universities in the

U.S. and the largest undergraduate International Business program in SC.

Accountancy’s European Study Abroad Program provides a unique opportunity for graduate

accountancy students to earn six hours of credit toward the Master of Science in Accountancy

while gaining invaluable global experience. Students may elect to take ACCT 570- European

Financial Markets and ACCT 575- European Origins of Modern Accountancy while travelling

during the summer throughout Europe. In 2016, 13 students participated in the program in

London, Venice, Florence, and Rome.

Global topics continue to be integrated into the majority of the courses throughout the

curriculum.

A total of 92 foreign exchange students came to the College of Charleston to study in the School

of Business, which exceeded the previous year of 59. Countries represented included Germany:

Bamberg, Ludwigshafen, Mainz, Pforzheim, Trier, Tubingen, Worms. UK: Hertfordshire. Spain:

UC3M Madrid. France: Lille, Strasbourg, EDHEC. Others: Bahcesehir, Turkey; MCI, Austria;

Nottingham, Ningbo China; Groningen, Netherlands; Kansai Gaidai, Japan; Bozen-Bolzano,

Italy; Xiamen, China.

185 business students participated in study abroad programs, giving them cross-cultural

experiences and gaining a new awareness of other global communities. The following is a list

of Study Abroad Courses offered by faculty at the School of Business:

January 2016: Panama & Chile - 49 MBA students.

Spring Break 2016: Honduras Global Brigades – Microfinance - Dr. Marvin Gonzalez & Su Frost INTB 390/INTL

290/MKTG 360 International Service Learning. 19 students attended. Rotterdam, Netherlands - Dr. Kent Gourdin & Erin Simmons - Students in TRAN 432 as part

of the GLAT minor/concentration are required to attend this trip (no separate course attached). 27 students attended.

19

GLOBAL

Dubai – Dr. Davis Desplaces & Dr. Rene Mueller MGMT 360 Global Enterprise in Dubai (Spring 2016) 19 students attended.

Banff, Canada – Dr. Brumby McLeod - HTMT 360 Adventure Winter Tourism (online Spring 2016). 16 students attended.

Summer 2016 (3 credit hours courses) Iceland – Dr. Brumby McLeod. Maymester 2015. HTMT 360 Destination Iceland. 9

students attended. Panama - Dr. Kent Gourdin & Dr. Elaine Worzala. The Panama Canal - Its Impact on Global

Trade. 10 students taking TRAN 360 & 4 students taking REAL 360. Two were international students.

Innsbruck, Austria – Dr. Rene Mueller - MKTG 326 International Marketing & MGMT 325 International Management transfer credit (non-CofC courses) 8 students attended for 24 days at the MCI Management Center.

Costa Rica –Dr. Marvin Gonzalez & Dr. Gia Quesada - TRAN 360 Doing Business in Costa Rica & TRAN 360 Sustainability Issues in Costa Rica. 11 students attended.

Europe – Dr. Roger Daniels – ACCT 570 European Origins of Modern Accounting & ACCT 575 European Financial Markets. 13 Masters of Accountancy students attended.

School of Business faculty embrace teaching business students globally:

Dr. John Crotts (HTMT) MCI in Austria Dr. John Crotts (HTMT) Hong Kong Polytechnic in China. Kent Gourdin (SCIM) Ludwigshafen University of Applied Sciences, Germany Kent Gourdin (SCIM) Satakunta University of Applied Sciences in Rauma, Finland, Jan 2016 Frank Hefner (ECON) Lecturing at MCI-Innsbruck, Austria, Oct 2015 Rhonda Mack (MGMK) University of Worms, Worms Germany, May 2015 – International

Services Marketing Rene Mueller (MGMK) Lecturing at MCI Management Center - Innsbruck, Austria, May 2016

The School of Business offered students several scholarships for international travel: Cahill

International Travel Award for HTM Interns, Knox Global Scholarship, Know Global Financial

Need Scholarship, Hilton Prague International Internship Award, and the Ory Williams Student

Award for Global Travel.

The Center for Entrepreneurship hosted the 2015 Global Entrepreneurship Week November

16-20, 2015, attended by over 200 students and guests. The event included an all-female panel

sharing their stories as being startups in Charleston, SC, as well as guest speaker, General Hank

Taylor, Vice President of Global Business Development for the three-county Charleston

Regional Development Alliance.

Honors Program in Business (HPB) continued to support the internationalization of our

students’ education by awarding 6 business students, majoring in accounting, supply chain,

hospitality, marketing and business administration, the Barkley Travel Scholarship for study

abroad.

20

GLOBAL

Dr. David Desplaces’ international work in AY2015/16 has positively impacted the lives of

many throughout the world. He conducted high school visits in Dubai in April 2016 by teaching

a small segment of entrepreneurship with the goal of attempting to recruit potential

international students to attend College of Charleston. Dr. Desplaces also presented a segment

on "What it is to a study in the USA and get an MBA" at the American consulate in Dubai in

partnership with the Office of Admission in December 2015.

As part of the Interdisciplinary Center for Applied Technology (ICAT) – Global Estonia, Dr.

Christopher Starr directed the 2nd annual NGAL (Network Globally, Act Locally) program in

June 2016. NGAL is an intense, impactful summer internship and travel abroad program for 6

College of Charleston students who want to learn how to start a business with an international

team and gain experience in cross-cultural communication teamwork, specifically with

students at the University of Tartu, in Estonia.

School of Business students gain hands-on experience in a professional global environment

when serving as interns for international companies:

In partnership with the Clinical Biotechnology Research Institute (CBRI) at Roper St.

Francis and the Yaschik/Arnold Jewish Studies Program, the School of Business initiated

the internship program called “Doing Business with Israel”. Business students, Ani

Meloyan, Samantha Curtin, and Michael Stalcup connected with Israeli startup companies

to learn more about international trade, writing export plans, and ultimately pitching their

plans to local “investors” who potentially may be interested in the product.

HTMT students interned in Prague, Amsterdam, & Paris.

Drs. Marvin Gonzalez and Gia Quasada hosted the International Lean Camp, an annual event

that brings together professionals from across the globe in an effort to share best practices,

address common problems across industries, and bridge academic efforts with industry efforts

in the context of Lean and Six Sigma practices. This year’s Camp brought in 9 Costa Rican,

British, Mexican, and Colombian experts from companies including BAC International, AGM,

Vitec Videocom, Chicago Miniature Lighting, Boston Scientific, Panduit, PXS, Hologic and

Phoenix Group.

21

DIVERSITY

DIVERSITY

At the College of Charleston School of Business, we believe that excellence, diversity and inclusion are

interdependent. In other words, diversity and inclusion are key strategies in our overall pursuit of

excellence in our college.

Faculty Recruiting: Out of 6 new faculty hired during the academic year, 2 were women and 3

were minorities in terms of race/ethnicity. ACLS- 1 out of 3 hired was a woman & race/ethnic

minority; SCIM- 1 out of 3 was a woman & race/ethnicity minority and 1 male was a

race/ethnicity minority.

Faculty & Staff Demographics:

* Adjunct faculty not included/VAPs included ** Temporary employees included

School of Business Senior Leadership: The entire senior leadership team is comprised of

minorities. The Dean is of half Asian, the Associate Dean is an African American female and the

Assistant Dean is female.

Student Demographics:

Females

Race/Ethnic Minority

Faculty * 18 out of 72

25%

17 out of 68

25%

Staff ** 18 out of 20

90%

5 out of 20

25%

ALL 36 out of 92

39%

21 out of 88

24%

22

DIVERSITY

During the 2015/16 academic year, School of Business offered the following courses related to

diversity: MGMT-308 Managing Diversity, HTMT-310 Diversity & Inclusions in

Hotels/Hospitality, FYE-Measuring the Impacts of Tourism.

The School of Business is privileged to have Peter Alan Smith teaching in the Finance

Department. His abilities and commitment to service outshine his sight impairment disability.

On October 24, 2015, he actively promoted the annual James Island Connector Run/Ride and

raised scholarship funds so physically disabled students could attend a Charleston college of

their choice. He interacted with the Sisters of Delta Gamma, a Service for Sight sorority on

campus, supporting this event and regularly speaking at their meetings. Professor Smith was

also featured in the Fall edition of the Portico magazine demonstrating how to overcome

physical barriers and social stereotypes about blindness. Finally, Professor Smith was one of 4

featured speakers at the Universal Design for Learning Symposium, March 7, 2016, organized

by the Center for Disability Services/SNAP.

Dr. Graeme Coetzer, Visiting Assistant Professor in the Department of Management and

Marketing, led the design, management and facilitation of the Managing Human Differences

Conference. This event brought together 300+ sector leaders from across South Carolina and

the U.S. to explore the challenges and opportunities of being a diverse society.

The School of Business participated in a number of events during Gender Equity Week,

organized by Women’s & Gender Studies March 18-24, 2016.

The Supply Chain & Information Management department sponsored the Women in

Manufacturing and Supply Chain Forum on March 22, 2016. Approximately 200

students and faculty listened to five female, senior executives talk about their

experiences in supply chain and manufacturing management.

On March 18, 2016, the Center for Entrepreneurship hosted a Women in

Entrepreneurship Panel where several female entrepreneurs participated in a live pitch

competition.

Dr. Carrie Blair Messal, MGMK Associate Professor, hosted Gender Equity/Work Family

Balancing Issues Case Workshop, where faculty and staff discussed issues associated

with organizational culture and the glass ceiling.

Dr. Jocelyn Evans (FINC) continues her active involvement with KPMG and The PhD Project,

participating in their financial doctoral seminar. The PhD Project’s mission is to increase

workplace diversity by increasing the diversity of business school faculty who encourage,

mentor, support and enhance the preparation of tomorrow’s leaders.

23

RESEARCH & PROFESSIONAL DEVELOPMENT

RESEARCH AND PROFESSIONAL DEVELOPMENT

Because of AACSB accreditation, the School of Business minimum research and professional

development requirements are incorporated into the School of Business requirements. According to

AACSB school-specific requirements, to remain academically or professionally qualified, faculty must

have two publications in quality, refereed journals within a five year period and one publication every

three years.

Our faculty continue to advance their respective disciplines through impactful, real-world research.

They disseminate their knowledge in refereed journals, books, teaching materials, and presentations at

international conferences and workshops, many organized at the College of Charleston. In order to

attract and retain top research scholars, the Dean paid our $80,000 in summer stipends to 16 faculty.

An approximate summary of scholarship output over the last year is provided below:

Research and Professional Development

Books

Articles in Refereed Journals

Other Articles/Chapters/

Book Reviews/Special Publications

Other Editorial/ Review

Activities

Papers/Posters Presented at Conferences

Conferences/ Workshops/

Panels Chaired

2 76 40 121 73 25

Service Grants and Contracts

Dept College Community Profession Submitted In Progress Funded College Funds

29 67 69 39 4 4 28 4

Honors & Awards Consulting

35 10

24

School of Business

Organizational Chart

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