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News 2012

Business Professor, Student Discuss Buyer-seller Research at Conference

December 13, 2012

Second-year MBA student Neil Clark and Kuntal Bhattacharyya, assistant professor of operations and supply chain management, presented their research on supplier perspectives in business relationships at the 43rd annual meeting of the Decision Sciences Institute in San Francisco in November. Their research focuses on the increasing strength that suppliers have in business transactions and relationships, as many large and multinational corporations have consolidated their suppliers, even as their businesses have grown.

"What's happening is as the supply base is shrinking, the mantle of control is shifting to the suppliers," Clark said. The occurrence of "fewer suppliers means more control for each supplier in that relationship. So whereas traditionally suppliers basically go for whatever the buyer asks for, suppliers are (now) in a position to be, for lack of a better term, pickier about what relationships they maintain."

Clark has noticed the dynamic play out in the restaurant industry. While some restaurant owners may choose to get their food from local farmers they know or who grow produce organically, larger chain restaurants frequently will order a large number of their supplies from a single company.

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Restructured Major Yielding New Opportunities for Indiana State Students

December 12, 2012

The operations management and analysis changes were part of a larger program restructuring of the major that has been renamed operations and supply chain management. The program now includes numerous classes that work with companies and nonprofits in Terre Haute and Indianapolis to give students real-world experience.

The major's restructure came after a review process that all academic programs undergo periodically, said Paul Schikora, chair of the marketing and operations department in the Scott College Business. During the review, ISU officials learned that the previous operations program did not meet the needs of university students or businesses.

The curriculum in the restructured major still includes many traditional topic lessons, though more case studies similar to what occurs in a company's supply chain have been incorporated. The coursework also has been updated to reflect the program's place in the department. In early 2011, the Scott College reorganized from two departments into three by pairing marketing with operations and supply chain management into the new department, as they both are vital links in a supply chain.

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New (Ad)Venture: Business Student Initiative Changes Name to Reflect Mission

November 21, 2012

Sycamore Student VenturesStudents in the senior capstone Business 401 courses have reorganized their umbrella organization from SyBA into Sycamore Student Ventures. In addition to the consulting business, the organization runs the Executive Express Café. It also includes the group added last spring: Sycamore Blitz Promotions, a marketing agency that partners with the Indiana Statesman, ISU's student newspaper, along with local companies on advertising and social media initiatives.

The business capstone offerings started with the consulting class first known as SyBA. About six years later, SyBA creator Art Sherwood and co-director David Robinson created the Executive Express Café. Eighteen months ago, they used some of the same concepts to begin developing the Sycamore Blitz Promotions marketing firm, said Sherwood, ISU associate professor of management. All three organizations that are part of Sycamore Student Ventures are completely student-run and operated.

The different capstone courses provide unique challenges that require students to apply the theory and lessons they have learned about strategic management in their full set of business classes to real-world opportunities. In the SyBA course, seniors provide business consulting services to companies, while students working with Executive Express Café work on the daily operations of the business, from supply chain management to resolving unexpected issues. Earlier this semester, the students replaced the café's credit card machine so that transactions could be approved in less than five seconds.

In the newest addition, Sycamore Blitz Promotions, students work as a marketing firm to provide outreach for client companies, several of which are also advertisers for the Indiana Statesman.

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Annual Fall Golf Outing Raises Record Funds for Insurance Student Programming

November 5, 2012

Golf mascot, 2012The 15th annual Oktoberfest Golf Scramble raised a record $28,100 for insurance and risk management student programming at Indiana State University.

ISU students in the insurance and risk management program, along with Gamma Iota Sigma, the honor fraternity for students interested in careers in insurance and risk management and financial services, hosted the golf scramble on Sept. 27 at the Country Club of Terre Haute. The funds raised from the event are used for professional development opportunities, such as for students to attend conferences, study for certifications, attend industry networking events, and more.

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Princeton Review Lists Indiana State MBA Among Nation's Best for Seventh Straight Year

October 29, 2012

The Princeton Review has recognized the "excellent value for students" in Indiana State University's Master of Business Administration, listing it among the nation's best programs for the seventh consecutive year.

The academic test preparation and admissions counseling company included ISU's MBA program in "The Best 296 Business Schools," the 2013 edition of its annual guidebook. In the listing, "‘small classes, great teachers, good assistantships' and an affordable tuition" help the graduate business program stand out. The company analyzed institutional data and reviewed student surveys from the past three academic years to determine which MBA programs made the list.

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Campus Café Serves as Learning Lab for College of Business Students

October 12, 2012

While students manage the daily operations of the Scott College of Business café, last spring they faced an unprecedented task: prepare for moving the eatery to Federal Hall in a space designed specifically for it.rn

It was just another challenge for senior business majors in the class teaching them how to run the business.

Each semester, a senior capstone class in the Scott College runs the Executive Express Café located in the garden level of Federal Hall. The café, which offers a variety of caffeinated drinks and food such as sandwiches and chips, serves as a learning laboratory for business students to learn about strategy. Seniors choosing the Executive Express capstone course spend the semester operating every aspect of the café, from making strategic business decisions to scheduling the students running the café while it is open.

Executive Express Cafe, 2012

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Lilly Endowment Awards $3 Million for Networks Financial Institute

October 2, 2012

Lilly Endowment has awarded a six-year, $3 million grant to Indiana State University to help fund continued operation of the university's distinctive Networks Financial Institute (NFI).

The institute, housed in the Scott College of Business, has drawn praise for transforming public discourse of financial services regulations and producing a new generation of skilled industry leaders.

"NFI has gained a national reputation for independent, nonpartisan research and award-winning, innovative student programs," said Brien Smith, dean of the Scott College. "This gift allows the college to solidify its position as an unquestioned leader in this area. We are grateful for Lilly Endowment's generous support."

The grant brings to $32 million the total amount the Endowment has invested in NFI since the institute's launch in 2003. For this grant, the Indiana State University Foundation and the university will provide matching funding of $3 million.

NFI Logo

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Scott College to Host Second Annual Hullabaloo

September 28, 2012

After raising $8,000 last year, Indiana State University's Scott College of Business will host an even bigger second annual Homecoming Hullabaloo on October 5 from 7 to 11 p.m.

This event will feature an outdoor beer garden, live music outside on the Sycamore Bash stage by the full MacDaddy's band, music by guitarist Brent McPike and National Mandolin Champion Solly Burton indoors, a silent auction and the Taste of Terre Haute. The event also will feature tours of Federal Hall (30 N. 7th St.), the new home for the Scott College and where Hullabaloo will take place.

Last year's silent auction raised $5,000, and a variety of unique items will be up for bid this year as well. Available items include an Indianapolis Colts weekend getaway, a family entertainment package, autographed sports memorabilia, a tailgate package, coolers, grills, golf packages, event tickets and Manchester United items. Proceeds from the event help to support student professional development and external relations activities.

Hullabaloo 2012

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Development Center in Federal Hall Guides Start-ups, Young Businesses

September 26, 2012

West Central Indiana Small Business Development Center housed in Federal Hall with the Scott College of Business. The center in Federal Hall is part of the statewide Small Business Development Center network, which provides a variety of services and support to small business start-ups and to promote job growth throughout the state. Regional Drirector Heather Strohm's office provides services to for-profit businesses in the Wabash Valley; the center also provides educational programming such as seminars for business owners to learn more.

Indiana State also works closely with the center. In addition to housing the organization, ISU provides one-third of the center's annual budget. The office also has a position typically filled by a student in a Scott College graduate program. Strohm and others in the center will work with student classes and organizations, such as the Sycamore Business Advisors capstone course, to provide additional learning opportunities.

Business owners in an array of different fields seek support from the development center. The office provides some services, such as research, advice and business plan reviews, while also providing references to other companies providing different functions a company needs, including banks for loans and attorneys for legal advice.

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Business Students Supply Insights to Kellogg in Class Projects

September 19, 2012

Kellogg's study, 2012When Richard Summitt II returned to Indiana State University to resume his education, he figured that he already knew what to expect from his 300-level statistics class.

He didn't suspect that his academic endeavors would take him off-campus, east on U.S. 40 outside Terre Haute and to a bakery in Seelyville.

Several summer courses in the Scott College of Business partnered with Kellogg Company's bakery in Seelyville. The partnership allowed students to implement the curriculum taught in an operations management course and a statistics class, while Kellogg was able to benefit from projects that directly affected the bakery's daily operations. The operations management class implemented a "5 S" event, in which they utilized a visual management system to organize part of the bakery. The statistics management students separated into teams and analyzed data affecting the facility's control parameters.

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Insurance, Risk Management Students to Host Oktoberfest Golf Fundraiser

September 18, 2012

Indiana State University students will host the 15th annual Oktoberfest Golf Scramble fundraiser Sept. 27 at the Country Club of Terre Haute.

The event will run from 10 a.m. to 6 p.m. and includes lunch, dinner, an 18-hole outing and additional prizes and contests. Students from the insurance and risk management (IRM) program in ISU's Scott College of Business have organized the event, and they will run the day's activities. Proceeds benefit the IRM program along with Gamma Iota Sigma, the honor fraternity for insurance and risk management students.

The event has been very successful in the past. Last year, the golf scramble raised more than $23,000 for student professional development activities.

Golf

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Buttonwood Sculpture Symbolic of University, Scott College of Business

September 18, 2012

There is plenty of symbolism behind a new sculpture in front of Indiana State University's Federal Hall, the former Federal Building in downtown Terre Haute that serves as the new home for the university's Scott College of Business.

"Under the Buttonwood," a stone carving of a buttonwood leaf, commemorates a 1792 meeting beneath a buttonwood tree on Wall Street in New York City where 24 stockbrokers signed an agreement establishing the New York Stock Exchange.

"Buttonwood trees are now more commonly known in the U.S. as sycamores, which are featured in the state song of Indiana and, of course, serve as the nickname of Indiana State's athletic teams," said Brien Smith, dean of the Scott College of Business. "Just as this sculpture commemorates the birth of Wall Street as the hub of world financial markets, it also commemorates the dawn of a new era for the Scott College and a new foundation in learning made possible by this beautifully renovated facility."

An anonymous gift to the ISU Foundation made the sculpture by Tell City artist Greg Harris possible.

Under the Buttonwood

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Indiana State Dedicates Federal Hall

September 7, 2012

Retired Terre Haute business owner Don Scott fondly remembers the former federal building downtown, as he routinely visited the site's postal boxes to collect his mail. On a recent trip to the building, he could see London's time on a wall clock hanging in the trading room that was formerly the federal building's loading dock - until a multiyear renovation project gave the building new life.

Scott joined Indiana State faculty, staff and students on Friday to dedicate Federal Hall, one of the newest additions to ISU's campus. The historic downtown building underwent a more than $20 million transformation to become the new home for the Scott College of Business. Federal Hall first opened in August to serve Indiana State students at the start of the fall semester.

"The completed renovation is beyond my original expectations," said Scott, who is the namesake of the Scott College of Business and who provided a significant gift to help make the Federal Hall renovations possible. "I thought it was going to be amazing when this all started, but it has turned out even better than what I expected."

The building, which was originally constructed in 1935, features many traditional art deco elements of the era. Schmidt Associates, the architect on the project, worked to preserve and restore many of those trademarks, from the judge's library and the elaborate finishes on the elevator doors to the former federal courtroom.

Federal Hall, 2012

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Professor, Students Propose new Job-candidate fit Approach in Research

July 18, 2012

Indiana State University professor Kuntal Bhattacharyya once looked for the telltale signs that a recent college graduate would be a good fit for his company: a student's high grade point average meant a strong chance that the student would receive a job offer.

Yet he quickly learned that, while recent grads may have been perfectly suited to the positions they were hired for, many young employees in operations management weren't ready for a job change or promotion. This quandary inspired Bhattacharyya to conduct research along with ISU student Neil Clark and exchange student Xiexin Liu.

Their project, "Choosing an Entry Level Supply Chain Career: A Candidate's Dilemma, A Recruiter's Plight," analyzed this "workforce paradox" before creating "a new probabilistic, goal-based model that matches job fit by marrying employer expectations to employee capabilities and expectations," said Bhattacharyya, assistant professor of operations and supply chain management. Liu presented the group's work at the International Journal of Arts and Sciences conference in Toronto this summer, and the complete paper is due to be published in the conference's proceedings in October.

Xiexin Liu, Toronto conference 2012

Xiexin Liu, second from the left, poses with other attendees at the International Journal of Arts and Sciences conference in Toronto

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Professor: Financial Reform will not Prevent Future Crisis

July 9, 2012

William RedmondReforms passed by Congress since the 2008 financial crisis do not contain measures to prevent a similar breakdown in the future, an Indiana State University professor told an international conference.

William Redmond, professor emeritus of marketing, presented "A Marketing Systems View of the US Housing Crisis" at the recent Macromarketing Conference in Berlin. In his presentation, Redmond detailed the various industries that provide services to the housing market, and how several of them - particularly with regard to mortgages - impacted the housing bubble that led to the Great Recession.

"Prior to 2007, I had heard about subprime mortgages, and just assumed they were a very minor part of the mortgage market," Redmond said. "Turns out there were hundreds of billions of dollars in them."

He also said the Dodd-Frank Wall Street Reform and Consumer Protection Act, one of the most detailed pieces of legislation passed in the wake of the financial crisis, has not dealt with the variety of issues that led to the crisis.

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Scott College of Business Announces Class of 2016 Gongaware Scholars

July 3, 2012

Indiana State University has named three incoming first-year students recipients of the Gongaware Scholarship.

Students Kassie Jo Grooms of Marshall, Ill., Patrick Landwehr II of Chesterfield, Mo., and Brandon Nettrouer of South Whitley are this year's recipients. The scholarship award is full in-state tuition as well as a $3,000 professional development account. Scholars can use the professional development account to study abroad, attend a professional conference or complete an internship. The scholarship is renewable for three years and is for students planning to major in insurance and risk management or financial services.

The Gongaware Scholarship was established in 1999 with a $5 million gift from Don and Patricia Gongaware. Don Gongaware is a retired senior executive at Conseco Inc.

Gongware Class of 2016 - Kassie Grooms, Patrick Landwehr and Brandon Nettrouer

Gongware Class of 2016 in 2012 - Kassie Grooms, Patrick Landwehr and Brandon Nettrouer

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Scholars Volunteer, Learn During San Francisco Trip

July 2, 2012

Jessica Weesner knew the planned itinerary of her group trip to San Francisco. Still, she was surprised and humbled by a visit to a longtime city landmark: St. Anthony's Dining Room.

Weesner was one of 29 Indiana State University business students who, along with two staff members, visited San Francisco as part of a trip sponsored by Networks Financial Institute's (NFI) Networks Professional Development Program. They planned industry stops for students to learn more about financial services and other businesses, including the Federal Reserve. For several students, including Weesner, one of the most significant moments came when the group volunteered for St. Anthony Foundation, which operates a dining facility and provides other social services in the city's Tenderloin district.

Networks in San Francisco, 2012

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Brien N. Smith Named Dean of the Scott College of Business

June 13, 2012

Brien SmithIndiana State University has tapped a longtime college business professor and administrator to serve as dean of ISU's Scott College of Business.

Brien N. Smith, professor of management and associate dean of the Miller College of Business at Ball State University, has worked at the Muncie university since 1989, including roles as assistant to the dean for graduate programs and assistant chair of the department of management. Since January 2010, he has served as associate dean of the business college, which includes oversight of the college's budget and financial resources and maintaining oversight of the curriculum.

From 2002 to 2009, Smith served as the chair of the department of marketing and management at Ball State, a position which included determining course offerings and oversight of department staff and resources. While at Ball State, he also raised external funds for programs and facilities, and co-wrote the university's Senate Constitution.

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ISU Announces Class of 2016 Networks Scholars

June 6, 2012

Eight incoming Indiana State University students have received the prestigious Networks Scholarship.

Networks Scholars in the class of 2016 will receive full in-state tuition for four years, a $3,000 professional development account and a laptop computer. Scholars also will participate in the Networks Professional Development Program. The program, offered by Networks Financial Institute (NFI) in ISU's Scott College of Business, provides selected students an award-winning, four-year curriculum designed to cultivate leadership, management, teamwork and career skills. Students also receive access to corporate mentors, internships and travel opportunities.

The students are: Catherine Arndt (Finance), Patrick Buhl (Accounting), Ashley Gentry (Business Administration), Ethan Hall (Insurance and Risk Management), Kendall Kirby (Finance), Richard Pemberton (Accounting), Aubree Stebbins (Accounting), and Brian Womack (Insurance and Risk Management).

Class of 2016 Networks Scholars in 2012

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Three Falcon Chicks Tagged at Statesman Towers

May 31, 2012

Peregrine falcon chick, 2012Two state biologists donned hard hats, jackets and gloves Thursday (May 31) and ventured onto the roof of a stairwell atop the 15-story Statesman Towers complex at Indiana State University.

A pair of adult peregrine falcons swooped nearby in the air and squawked their displeasure as the humans walked past the birds' nest and gathered three falcon chicks up in their hands. The chicks, though only about 4 weeks old, had already begun to explore their surroundings.

The humans meant no harm to the chicks that hatched during the first week of May. They simply wanted to place bands around their legs to aid in identifying the birds so biologists can continue to monitor the Midwestern resurgence of a bird of prey that just decades ago was extinct in the eastern United States.

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New 'State' of Ads: Business Students Create Integrated Marketing Campaign

May 21, 2012

As college students conversed and played games while enjoying free food and giveaways during a recent event, they might have missed the ultimate objective - for them to buy more products.

A group of Indiana State University business students organized "Sycamores Gone Wild," which attracted more than 175 students as part of an outreach event for several local businesses to get their name out to ISU. The students created the initiative as part of Sycamore Business Advisors, an organization featuring business students who provide consulting services to local businesses and nonprofits. The students working with Sycamore Business Advisors, also known as SyBA, this semester partnered with the Indiana Statesman, ISU's student newspaper, to develop an integrated marketing plan for the publication.

Syba event 2012

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Three Falcon Chicks Hatch at Statesman Towers

May 14, 2012

Falcon chicks, 2012Move over crows. A different bird is making news in Terre Haute this spring and biologists are celebrating.

Three peregrine falcon chicks have hatched in a nest perched high on the Scott College of Business Building at Indiana State University's Statesman Towers complex.

Indiana State biology Professor Steven Lima and some of his students have been watching the nest for weeks and discovered the chicks had hatched when they checked it on Friday.

It's the latest chapter in a remarkable turnaround for a bird of prey that had disappeared from much of North America by the middle of the 20th century. Less than 50 years ago, no nests were known to exist east of the Mississippi River and the population of the bird in the western U.S. had declined by 90 percent from its perceived peak, likely a of the widespread use of the pesticide DDT, biologists say.

The peregrine falcon was re-introduced in Indiana about 20 years ago in Indianapolis, Fort Wayne, South Bend and Evansville. The three chicks born at ISU may be the first to hatch in the Wabash Valley in 50 or 60 years, Lima said.

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Class Mission: Students Analyze, Recommend Updates to Shelter Initiatives

May 10, 2012

Hoping to increase donations to help homeless people with a place to sleep and food to eat, a nonprofit organization teamed up with a group of Indiana State students to update their procedures.

Two teams of ISU students in an operations management course partnered with the Light House Mission Ministries in Terre Haute to analyze the nonprofit's operations and recommend changes that could benefit the homeless shelter. One group of students worked with fundraising initiatives for the mission while another team analyzed the supply chain processes at the mission's thrift stores in Terre Haute.

The projects are part of a class taught by Ken Jones, senior lecturer of operations management. He talked with Paul Shaw, chief operations officer of Light House Mission, about having students work on shelter initiatives. They discussed several ideas before narrowing it down to the fundraising and supply chain efforts.

Students at Light House Mission, 2012

Students at the Light House Mission

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Teaming Together: Students Develop Business Improvement Initiative at Adidas

May 7, 2012

Eight ISU students worked with two shifts of distribution employees at the adidas Sports Licensed Division facility on the east side of Indianapolis to develop a communication process by which the workers could suggest improvements to their job. The students participated in the project as part of an operations management course taught in the Scott College of Business, where they chose to work with Adidas over several other projects in the course.

The students worked with the athletic apparel company to implement a business improvement process based on the C4 methodology, which stands for concern, cause, counter-measure and confirm, said Ken Jones, senior lecturer of operations management. He taught the students about aspects of the methodology as they worked with adidas to implement the business improvement process.

Students at Adidas, 2012

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Class of 2012 Encouraged to "Sail"

May 5, 2012

Indiana State University class of 2012 graduates should not worry about sinking or swimming in the real world, but focus on where they want to sail, a fellow classmate told them during commencement Saturday.

Graduating senior Morgan Wendlandt told her peers that, while some graduates may feel anxious about whether they will "sink or swim," they should realize that they have been "given the tools during our time here at ISU to weather whatever comes our way."

"We have the ability to reach whatever goals we have set for ourselves," Wendlandt said. "We are the wind that will guide us along smooth sailing, but that will also carry us through whatever rough waters will lie ahead."

Wendlandt, a marketing major and President's Scholar who also played on the ISU women's soccer team and participated in the Honors Program and Student-Athlete Advisory committee, was chosen to be the student speaker for ISU's 141st spring commencement ceremony. More than 1,200 graduating students listened as she drew an analogy to sailing, with graduates' education and families and friends providing the various elements needed to build a boat to prevent them from "flailing for our lives in the middle of that ocean."

Morgan Wendlandt

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ISU Students Teach Stats to DeVaney Class

May 4, 2012

Braxton Shelton's face lit up at the sight of her father walking into her third-grade classroom - along with three Indiana State University students.

Shelton and her classmates, taught by Kathy Spelman at Adelaide DeVaney Elementary School, welcomed the presence of Indiana State U students, their professor Ken Jones and Terre Haute Rex general manager, Roland Shelton.

Elizabeth Browning, Brianna Supulski and Steve Landwer are among a group of 11 students from Jones' class that visited DeVaney last week to teach statistics related math concepts to the students.

"It was so much fun and so cool to learn statistics and it was fun to work with the college students and do Rex activities," Braxton said.

Roland Shelton at DeVaney Elementary School

Roland Shelton, general manager of the Terre Haute Rex, talks with students at DeVaney Elementary. The Rex and students in an ISU operations management course taught statistics-related math concepts to a class of DeVaney students.

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Selected ISU President's Scholars 'Best of the Best'

April 30, 2012

Indiana State University has selected 20 incoming students as President's Scholars for 2012.

"These students are the best of the best," said John Beacon, vice president for enrollment management, marketing and communications. "President's Scholars are selected following two intensely competitive weekends when more than 140 students come to campus to write essays, be interviewed and problem solve. Every student is a winner before the event begins, and each will be a success at ISU and in the future." President's Scholars are chosen based on academic performance in high school, personal accomplishments and interviews during their campus visits. This year's incoming scholars boast an average high school grade point average of 3.9 on a 4.0 scale.

Among the students were:

Jessica Bicknell of Seymour, daughter of Malinda Bicknell and Richard Bicknell, is a senior at Seymour High School and plans to major in accounting. During high school, she participated in the National Honor Society, Key Club, Latin Club, Show Choir, Business Professionals of America and youth group, among other activities. She also received a number of awards for soccer, the Financial Analysis Team and the Economic Research Project.

Yahzmine Rodriguez of Indianapolis, daughter of Ashaki Rodriguez and Arturo Rodriguez, is a senior at Franklin Central High School and plans to major in marketing. During high school, she participated in the Indiana University Kelley School of Business' Junior Executive Institute, National Honor Society, marching band and the Indiana School Student Music Association. She also volunteered at LaPlaza and the Nur-Allah Islamic Center of Indianapolis.

Emily Sturgess of Terre Haute, daughter of Michelle Sturgess and Tim Sturgess, is a senior at Terre Haute South Vigo High School and plans to major in marketing. In high school, she participated in Senior Senate, Link Crew, Interact Club, yearbook and the National Honor Society. She was a dancer at the Academy of Dance, volunteer at the Terre Haute Children's Museum and a Rex Baseball youth ambassador. She was also named an AP Scholar.

Mitchell Wasmund of Avon, son of Mark Wasmund and Gina Wasmund, is a senior at Avon High School and plans to major in political science. In high school, he was a member of the Fellowship of Christian Athletes, National Honor Society and the baseball team. He also served as a mentor with Avon's Incredible Mentors program, received the Mental Attitude Award and was voted most likely to be president. [Mitchell later graduated with a major in finance and minor in Spanish.

Jessica Bicknell, Yahzmine Rodriguez, Emily Sturgess and Mitchell Wasmund

Jessica Bicknell, Yahzmine Rodriguez, Emily Sturgess and Mitchell Wasmund

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Lamb, Bierly Receive Faculty President's Medal

April 17, 2012

Indiana State University honored nine educators during its annual Faculty Recognition Banquet Tuesday (April 17) at Hulman Memorial Student Union.

President Dan Bradley presented the President's Medal, the university's highest award for faculty, to Steven Lamb, professor of operations management and analysis and chair of the university's Faculty Senate, and Greg Bierly, associate professor of geography and director of the university's honors program.

Lamb has served Indiana State and its students for 42 years, serving as a professor and department chair in the Scott College of Business.

Bradley said Lamb "has led as an advocate for faculty and shared governance and a true ambassador for Indiana State University as chairperson of the Faculty Senate and its executive committee several times throughout his tenure; has worked diligently with the faculty and administration, using persuasion and compromise, without sacrificing principle, to create a positive environment for the advancement of the institution."

Lamb has also shown his dedication to leadership and service as a member of many and various college-level and university wide committees, the university's Enrollment Task Force, Affordability Task Force, United Way Campaign Committee and a governor's task force to recommend faculty nominees to the Indiana Commission for Higher Education.

"I will always appreciate the faculty for allowing me to serve the university in the capacity of chair of the Faculty Senate," said Lamb. "That provided me a mechanism for me to be able to contribute to ISU, the institution that I cherish!"

Lamb's previous honors at Indiana State include the 2008 Faculty Distinguished Service Award, 2007 Faculty Recognition Award for exemplary service in the Scott College, 2007 recognition for Outstanding Support and Dedication to Support Staff, and a 1997 resolution from the university president and Board of Trustees for exemplary leadership to the university. He also received the 2007 Faculty Senate Award for Outstanding Leadership, Service and Dedication to Faculty Governance.

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University Recognizes Three with Caleb Mills Distinguished Teaching Award

April 17, 2012

Susan MoncadaIndiana State University honored three educators with the Caleb Mills Distinguished Teaching Award Tuesday (April 17) during the university's annual Faculty Recognition Banquet.

Named for a 19th century educator who helped to shape Indiana's public education system and served as the state's second superintendent of public instruction, the Mills Award recognizes Indiana State's most distinguished teachers. Among the awardees was Susan Moncada.

Susan Moncada, professor of accounting, has been a faculty member in the Scott College of Business since 1990. She primarily teaches principles of financial accounting, accounting systems, and not-for-profit accounting courses. Moncada is a registered certified public accountant in Illinois and has been a professional test item writer for the Uniform CPA Examination since 2002. She is also an associate editor of MERLOT (Multimedia Educational Resources for Learning and Online Learning), a role which involves investigating and reviewing technology-based teaching materials for use in the accounting classroom.

"To be honored with the Caleb Mills Distinguished Teaching Award is an amazing experience and one of the high points of my teaching career," Moncada said. "Helping students learn is my passion. I am grateful to Indiana State University and in particular my department chairperson, Steve Lamb, for providing a work environment that has enabled me to have such an intrinsically rewarding career. I'd also like to thank my husband, Tom, and our daughter, Elizabeth, as well as my students, for their insights and feedback which have helped me to become a better teacher."

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Global Exposure: Indiana State students meet with Insurance Executives in London

April 12, 2012

The students enjoyed two days packed with sight-seeing before meeting with lead executives at major insurance companies and marketplaces, including Lloyd's of London, a marketplace that insures risks from around the world. The group met with a variety of prestigious organizations and some of the largest brokers in the world, including the Chartered Insurance Institute, Crawford and Company, Aon, Marsh, and Lockton Companies, Inc.

Lockton executive, London, 2012

Indiana State University business students meet with an executive chairman of Lockton during a recent trip to London. A group of students visited the city to learn more about insurance brokerage firms.

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"Boxcar Millionaire" Encourages Students to Define Success, Maintain Honesty

April 9, 2012

Tom BlackSales expert Tom Black emphasized the importance of developing a personal definition of success in a recent presentation at Indiana State University.

Author of "The Boxcar Millionaire," Black grew up impoverished and credits goal setting and hard work as reasons for his success in sales and business. He presented "Achieving Sales Success Ethically," during which he explained his definition of success with the captivated audience as "the progressive realization of a worthwhile goal or dream."

"It didn't say I'd be the smartest or the best-looking or the richest. It didn't say that I had to have the biggest house or the best car," Black said. "It just said that every morning when I got up, I was progressively moving towards my worthwhile goal or dream."

Organized by the Sales and Negotiations Center, his presentation served as the first event of the State Farm Circle of Influence speaker series and was in accordance with Ethics Week at ISU. Additional programming throughout the week included the annual ethics conference, coordinated by students in the Networks Professional Development Program.

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Seventh Annual Ethics, Social Responsibility Conference set for March 26

March 14, 2012

A prominent Indianapolis businessman and the president of the Indiana State University Foundation will be among the presenters at an upcoming conference at ISU about business ethics and social responsibility.

Denny Sponsel, owner of RJE Business Interiors in Indianapolis and member of the Dean's Executive Council for the ISU Scott College of Business, and ISU Foundation president Gene Crume will give presentations during the seventh annual Ethics and Corporate Social Responsibility Conference on March 26. This year's conference, which is themed "Ethics: It's a Fine Line," will run from 9 a.m. to 3 p.m. and feature the presentations, including a closing speech by Baesler's Market owner Bob Baesler, along with breakout sessions.

Business students enrolled in the Networks Professional Development Program are organizing the conference. The Networks Program is a four-year comprehensive curriculum with focused activities designed to cultivate professional and leadership skills of ISU students. The award-winning program is part of Networks Financial Institute in the Scott College of Business.

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Operations Management Students Compete in Regional Competition

March 1, 2012

The growth of an Indiana State University student organization was on display when several teams of ISU students competed with top business students from across the Midwest during a regional competition in Chicago.

The 17th annual Great Lakes District Student Case Competition for Advancing Productivity, Innovation and Competitive Success presented undergraduate students with networking opportunities, seminars and real-life business problems.

OSCM Case Competition 2012

Indiana State University students Jason Swartzell (far left) and Brittany Jones (far right) discuss an operations management project with Clabber Girl as their instructor, Ken Jones (second from right) and Clabber Girl employees look on. Swartzell and Brittany Jones are members of a student organization dedicated to supply chain and operations management.

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Sales Expert, Author to Speak at Indiana State

February 27, 2012

A prominent sales expert and author will discuss how to ethically accomplish success in sales when he visits Indiana State University next month.

Tom Black, author of "The Boxcar Millionaire," will present "Achieving Sales Success Ethically" at 5:30 p.m. on March 27 in Hulman Memorial Student Union, Dede II and III. The event costs $40 for community members to attend, which will also include dinner and a reception, where people can meet with Black prior to his speech. The event is sponsored by State Farm.

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Federal Insurance Office Director to Deliver Keynote at Upcoming Summit

February 23, 2012

The director of the recently created Federal Insurance Office (FIO) will deliver the keynote address at the upcoming Insurance Reform Summit in Washington, D.C.

FIO director Michael McRaith will speak at the eighth annual Insurance Reform Summit: An Era of Enhanced Federal Scrutiny, which will take place in the Rotunda Room of the Ronald Reagan Building on March 21. Speakers will discuss issues, legislation and research affecting the insurance industry, including elements of the Dodd-Frank Wall Street Reform and Consumer Protection Act which created the Federal Insurance Office.

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Business Students make Connections with Speed Networking

February 15, 2012

Iboni Borden-Pittman is no stranger to networking. So when she had only six minutes to create an indelible initial impression, she made it count.

The Indiana State University senior from Zion, Ill., majoring in management information systems, participated in two previous events hosted by the Center for Student Professional Development (CSPD) before attending a speed networking session offered earlier this month in the Scott College of Business.

This was the first year for the speed networking event, which included nearly 25 business students and 20 industry professionals from around the region, some who serve dual roles as members of the Scott College of Business Young Professionals Board. Students were given six minutes to connect with each professional, a personal environment that Borden-Pittman appreciated for the one-on-one conversations.

Speed networking

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Projected Learning: Marketing Class Teams with Delta Faucet for Educational Efforts

February 9, 2012

Indiana State University senior Candace Greubel scoured newsletter articles before her class forwarded its project to its eager audience, Delta Faucet Company employees.

Her marketing class featured several projects with the Indianapolis-based organization. In the semester-long initiatives, one group of students created a newsletter for Delta Faucet's sourcing team while another group analyzed the drawbacks and benefits of developing new business opportunities in various countries throughout the world. The projects were developed as an educational tool to teach the course lessons in business-to-business marketing.

Ken Jones, senior lecturer of operations and supply chain management, taught the class. He contacted the company, and they set up the project. Students and several Delta Faucet employees conducted weekly telephone conferences to discuss the projects, which were integrated into the course curriculum.

Ken Jones, senior lecturer at Indiana State University, works with a student during a business-to-business marketing class.

Ken Jones, senior lecturer at Indiana State University, works with a student during a business-to-business marketing class.

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Four Alumni Receive GOLD Awards

January 30, 2012

A former collegiate football standout and a trio known for selling humorous holiday apparel received the Indiana State University Alumni Association's Graduate of the Last Decade (GOLD) Award this year.

The 2012 GOLD Award recipients are Chris Pillow, along with Brian Miller, Adam Paulson and Kevin Wool, who are known by the moniker Team Ugly. They received the awards during a ceremony January 20 at ISU.

Miller, Wool and Paulson have created headlines and laughs by starting UglyChristmasSweaterParty.com, which sells vintage - and humorous - holiday apparel. Last fall, they also released a book, "The Ugly Christmas Sweater Party Book," which hit bookstores across the country. They've done a variety of interviews and media appearances, including on "The Tonight Show with Jay Leno," "The CBS Morning Show" and "Fox and Friends."

Paulson graduated from ISU in 2005 with a double major in finance and marketing, and is a senior financial advisor at Merrill Lynch and Co. From 2005 to 2009, he served as a member of an advisory team that managed more than $350 million in assets with more than 500 clients. Since 2008, he has been a member of the Young Professionals Board in the Scott College of Business at ISU.

Ugly Sweater at the 2012 GOLD Awards

GOLD Award recipients Brian Miller, Kevin Wool and Adam Paulson

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Ethically Engaged: Students Debate Contemporary Contentious Topics in New Ethics Course

January 18, 2012

As the Occupy Wall Street movement began to spread across the nation, Indiana State professor William Wilhelm probed students in his Ethics in Organizations class about their knowledge of the movement. Only two hands went up, accompanied by many blank stares, he said. After realizing how little his students knew about the movement he asked them to research it and come to class prepared to discuss at least one issue influencing the movement and how they felt about it.

Wilhelm's course began last semester as a business course that fulfilled the ethics and social responsibility requirement of Foundational Studies, the general education requirements at ISU.

Wilhelm was asked to design this course because of his background in business ethics, he said, though the course focuses on ethical behavior in all organizations. The wider analysis allows students from all majors to be able to take the course and apply it because they are all going to work in some kind of organization, not necessarily a business, Wilhelm said.

The course examines the structure of organizations, including ethical theories and current events. Experiential learning is a key part of the curriculum at Indiana State University and Wilhelm took that into consideration when creating this course. 

Students debating during an ethics class taught by ISU professor William Wilhelm

Students debating during a class taught by ISU professor William Wilhelm. Wilhelm's ethics in organizations class debated several topics to engage in critical thinking and as a way to incorporate experiential learning into the curriculum.

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