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Old Dominion University College of Business & Public Administration The State of Our College August 23, 2011 Dr. Gilbert R. Yochum, Dean College of Business & Public Administration 1.Teaching: Output, Productivity and Student Quality 2. Who We Are: Our Research Identity 3. CBPA and the Metropolitan University 4. Achievements 5. The Coming Year College of Business & Public Administration Graduation Trends Doctorates Masters 14 175 12 170 165 10 160 8 155 6 150 145 4 140 2 135 0 130 2006-2007 2007-2008 2008-2009 2009-2010 2006-2007 2007-2008 2008-2009 2009-2010 Bachelors (including second degrees) 700 600 500 Average time to graduation (undergraduate) = 5.2 years 400 300 200 100 0 2006-2007 2007-2008 2008-2009 2009-2010 College of Business & Public Administration CBPA Student Headcount Trends Fall 2006 – Fall 2010 4000 3736 3763 3199 3196 3774 3533 3500 3223 3000 3236 2953 2500 2705 Undergraduate 2000 Graduate Total 1500 1000 518 580 537 567 538 500 0 Fall 2006 Fall 2007 Fall 2008 Fall 2009 Fall 2010 Undergraduate includes both Intended and Declared majors. College of Business & Public Administration CBPA Student Credit Hour Trends Fall/Spring Semesters 68000 66000 64000 62000 60000 58000 56000 54000 2006-2007 2007-2008 2008-2009 5-year increase = 10.3% 2009-2010 2010-2011 College of Business & Public Administration Total Student Credit Hours 2006/2007 2009/2010 % Change CBPA 70,791 78,042 10.2% University 473,903 555,200 17.1% * Source = ODU Institutional Research and Assessment ** Total SCH includes Fall, Spring, & Summer College of Business & Public Administration CPBA Proportion of Total Student Credit Hours by Academic Level 100.0% 90.0% 88.0% 80.0% 70.0% 60.0% 50.0% 40.0% 30.0% 20.0% 10.9% 10.0% 1.1% 0.0% Undergraduate Masters Annual Data 2009/2010 Doctoral College of Business & Public Administration Full-time/Part-time Faculty Trends Faculty Headcount 120 Full-time Part-time 100 80 Full-time faculty: +4.3% Part-time faculty: +40.9% 60 40 20 0 Fall 2006 Fall 2007 Fall 2008 Fall 2009 Fall 2010 College of Business & Public Administration Student Credit Hour Trends % SCH by Faculty Type 90% 80% 70% 60% % SCH by FT 50% % SCH by PT 40% 30% 20% 10% 0% 2006-2007 2007-2008 2008-2009 2009-2010 2010-2011 College of Business & Public Administration CPBA Student Credit Hour Trends Mean SCH by Faculty Type 300 Full-time Part-time 250 200 150 100 50 0 2006-2007 2007-2008 2008-2009 2009-2010 2010-2011 College of Business & Public Administration Distribution of Total Student Credit Hours and Total Full-time Faculty by CBPA Department % of Total College SCH Taught (2010-2011) % of Full-time Faculty (2010-2011) Accounting 13.2% 13.4% DS/IT Economics Finance Management Marketing USPA 21.3% 15.3% 13.5% 20.8% 11.9% 4.0% 23.7% 13.4% 13.4% 18.6% 10.3% 7.2% Department College of Business & Public Administration Full-time Faculty and University Professional Staff Fall 2006 Fall 2010 % Change CBPA Faculty 93 97 4.3 % ODU Faculty 669 740 10.6 % ODU Professional Staff 561 684 21.9 % * Source = ODU Institutional Research and Assessment AACSB 2007 Accreditation Report Action Item: “conflict between high quality academic programs and enrollment growth” College of Business & Public Administration Student Quality: Incoming Students 2007/08 2008/09 2009/10 2010/11 2011/12 MBA (GMAT/GPA) 544/3.2 550/3.24 543/3.2 544/3.25 552/3.24 MA - Econ (GRE/GPA) 1108/3.1 1090/3.04 1167/3.16 1144/3.2 1116/3.3 MS – Acct. (GMAT/GPA) 565/3.49 558/3.07 552/3.43 574/3.3 580/3.3 MPA (GRE/GPA) 979/3.2 950/3.2 960/3.2 966/3.2 966/3.3 PhD – BUSN (GMAT/GPA) 617/3.5 640/3.6 640/3.7 647/3.7 665/3.7 PhD - PA&UP (GRE/GPA) 1060/3.8 1080/3.62 1097/3.67 1058/3.7 1230/3.8 UG Business Intended (SAT/GPA) 1039/3.2 1030/3.2 1044/3.2 1052/3.2 1025/3.3 College of Business & Public Administration CBPA Student Quality: Raising the Bar • • Revised BSBA admission policy – now a two-step process • Retains resume requirement • Adds BUSN 110 to courses that must be completed with a grade of C or better (Retains ENGL 110, MATH 162, ACCT 201, ECON 202) • Adds Step 2: • Complete 12 hours of 300/400 level courses at ODU, including at least 6 hours of 300/400 CBK courses (students may not complete more than 18 hours when attempting to complete Step 2) • Have an overall cumulative GPA of at least 2.0 in all courses taken at ODU • Have a cumulative GPA of at least 2.0 in all 300/400 level courses taken at ODU New BSBA continuance policy • Requires BSBA students to maintain a cumulative GPA in the CBK courses of at least 2.0 • If cumulative GPA in the CBK falls below 2.0, student is place on “academic alarm” • Any student on “academic alarm” who earns a semester GPA in the CBK of less than 2.0 will be terminated from the BSBA program College of Business & Public Administration CBPA Student Quality: Modeling the Way • MBAA initiatives to enhance the program’s focus on ethics: implemented the MBA Oath Project; MBA speaker series theme of issues in ethics (James Squires, CFO of Norfolk Southern, kicked off the speaker series) • RRAP Committee annual Major/Minor Fair; new informational brochure • Career Management Center staff reviewed nearly 1500 student resumes, the majority for the purpose of admission to the BSBA • Department of USPA introduced the Public Service Minor (Summer 2010) • 10 students graduated in May with the new minor • 62% of PS minor students perform community or volunteer service regularly, they average 14 hours per month • PAUPERS, the student organization of graduate students in Public Administration and Urban Policy, hold monthly “Scholarly Café” meetings to help students build confidence as academic researchers College of Business & Public Administration CBPA Student Quality: Beyond the Classroom MBA Corporate Partners Program The goal of the program is to immerse groups of students into a firm to provide assistance on a real problem facing the firm. The program was piloted this summer with a project for Liberty Tax where students, under the direction of Dr. Kiran Karande, Professor of Marketing, were tasked with helping Liberty Tax identify unmet financial needs of the “Millennial” generation. The results will guide Liberty Tax in the creation of products and services for this specific population. The pilot was a complete success and the MBA will move forward with rolling out a formal program this academic year. College of Business & Public Administration CBPA Student Quality – Increasing Student Support • Larry (MBA `75) & Colgate Kittelberger • $25,000 endowment to support program activities in the MBA program • $25,000 scholarship endowment (undergraduate business student) • Dr. Jesse (faculty emeriti) and Mrs. Sue Hughes • $25,000 scholarship endowment for a graduate student in Urban Studies & Public Administration with a focus on public sector financial management • This is the second endowment established by Dr. and Mrs. Hughes • Dr. Bruce L. Rubin Endowed MBA Scholarship • Funded by donations from MBA graduates and “Rubinites” across the country • Initial goal, $100,000; over $75, 000 raised to date • Scholarship will support one part-time student each year in honor of Dr. Rubin’s service to the MBA program College of Business & Public Administration • Journal of Applied Psychology • State and Local Government Review • Journal of Asian Economics • The Future of Higher Education • Journal of Banking and Finance • Transportation • Journal of Behavioral Finance • • Faculty Research – Journal Articles In 2010-11, research by• CBPA was Transportfaculty Policy Journal of Business Research in over 100 •refereed Virginia Socialjournals Science Journal published Journal of Cleaner Production • Waste Management College of Business & Public Administration between Renting and Owning in Property Major Metropolitan Areas,” REALTOR® University Research Center, $15,000 Grants and Other Funding $ 671,750 • Dr. Wie Yusuf – “Effectiveness of Popular Financial Reporting,” Governmental Accounting Standards Board (GASB) Gil Crain Research Grant, $5,000 College of Business & Public Administration • International Jury, The Palgrave MacMillian Prize in Maritime Economics and Logistics for the Best Ph.D. Theses (worldwide), 2011. • International Steering Committee and Paper Review Committee, 2012 International Research Conference on Short Sea Shipping, Portugal International Scholarship College of Business & Public Administration CBPA Hosted Journals • Corporate Governance: An International Review (Dr. William Judge) • 15/101 in management journals; 24/140 in business journals • 147,056 article downloads in 2010 • Transportation Research E: Logistics and Transportation Review (Dr. Wayne Talley) • 2/18 in academic transportation journals • Over 250,000 article downloads in 2010 • Enterprise Information Systems (Dr. Li Xu) • 22/45 in Information Systems and Management peer group • European Financial Management (Dr. John Doukas) • 45/74 in Business and Finance journals • 59,739 article downloads in 2010 • Modern China Studies (Dr. Shaomin Li) College of Business & Public Administration Open Management Journal Review of Behavioral Finance Faculty Journal Associate Editors SSRN History of Finance eJournal Boards Southernand Business Editorial Review College of Business & Public Administration “President’s Challenge”: The Metropolitan University “It is Old Dominion University’s goal to build strong civic and community partnerships, specifically achieve national recognition as an engaged, metropolitan university; identify and respond to people, environments, and institutions in need; expand continuing education offerings; apply our expertise to community betterment; provide new opportunities for service learning and internships; and become the ‘go to’ place for solutions to Hampton Roads’ problems.” Old Dominion University Strategic Plan – 2009-2014 “I spent 20 years in the business community before my public service career, and I recognize that a partnership between the business community and the local university is the driving force in creating jobs and strengthening our nation’s economy.” Personal letter from Senator Mark Warner to Gil Yochum - April 28, 2011 College of Business & Public Administration Our Role in the Metropolitan University and Business Gateway • • • • • • • • • • Connecting Community to Classroom Executive Development Center Maritime Institute Economic Forecasting Project State of the Region Report Center for Real Estate and Economic Development Old Dominion University Economics Club of Hampton Roads Insurance & Financial Services Center Center for Economic Education Faculty Research & Service Operation Smile Howerin Construction Corp. Xerox Student Internships – Connecting Classroom to Community Orion International Xtuple HSBC Bank Pete Sessa Assoc. College of Business & Public Administration Yes International HUD Physicians for Peace YWCA City of175 Portsmouth In 2010/2011, nearly companies and agencies Chemical Corp. hosted paidQuad and unpaid internships Huntington Ingalls – Newport News Ship Building College of Business & Public Administration • Roland Davis, founder of Sojomach Business Services, (Mergers & Acquisitions) • Gary Lupton, Senior Vice President, TowneBank (Business Ethics) • Hal Brauer, Director of Sales and WOW! Customer Service for NorfolkNewsChannel.com and PeninsulaNewsChannel.com • Dennis Kenzig, Chief Risk Officer (CRO), Amerigroup Corporation Involving Professionals – Connecting Community to Classroom • • Hodge, Regional Claim Director for GEICO 100 community InDavid2010/2011, more than Ross Winfield, Frieden Agency professionals were guest speakers, panel members, and presenters College of Business & Public Administration Dr. Michael Seiler, finance (real estate), received a 2011 “Red Pen Award” for “service above and beyond the call of duty” in the review of articles submitted for publications in Journal of Real Estate Portfolio Management. Community Connection Dr. Wie Yusuf, USPA, program evaluation for local non-profit agency Hampton Roads Student Service Learning, 7 Cities Pro-Am Basketball League; symposium program co-chair, ASPA Hampton Roads 2011 Conference; site and local planning committee, Public Administration Faculty Giving Back Theory Network (PATNET) 2011 Conference. College of Business & Public Administration • • Dominion Power • E. V. Williams Inc. • Earl Industries Portsmouth Commonwealth Attorney's Office • Wright Masonry Executive Development Center • Pride Industries • WTKR-TV3 • YMCA of South Hampton Roads • Prince William County In •2010/2011, over 200 companies, governments, and EVMS • ZIM Integrated • Prudential Towne Realty Shipping Services • Fairfax County enrolled their employees in EDC non-profits programs • • College of Business & Public Administration • Shanghai Maritime University, China International Maritime, Ports and Guest speakers in Maritime and Transportation Classes Logistics Management Institute MSCM Students in Annual Research Symposium and the Target Challenge College of Business & Public Administration State of the Region Report and Economic Forecasting Project . Over 175 media interviews and approximately 75 speeches to business and government in Hampton Roads and across the state on numerous economic issues The 2010 SOR – 11th Annual Edition 1. The Hampton Roads Economy: Where We’ve Been, Where We’re Going 2. Feeling Pain: Regional Markets for Office and Industrial Space 3. Sizing Up the Competition: Hampton Roads Versus Other East Coast Container Ports 4. Light Rail: The Experience of Other Cities and Implications for Hampton Roads 5. The Chrysler Museum of Art: A Longer Look 6. Destination of Choice: The Virginia Aquarium & Marine Science Center 7. Cinema in Hampton Roads: History and Prospects 8. Partisan Politics in Hampton Roads: Color Us Purple 9. How Are We Doing? The Dashboard Indicators of Vision Hampton Roads College of Business & Public Administration of economic and international events on the national and regional Hampton Roads economies E.V.• Williams Center for Real Estate and Dr. John Lombard, CREED Director and Chair, Department of Urban StudiesEconomic and Public Administration, represented the Center at the Development American Real Estate Society’s annual meeting in Seattle. College of Business & Public Administration Old Dominion University Economics Club of Hampton Roads • Dennis M. Bushnell, Chief Scientist and Futurist, NASA Langley Research Center. Topic: perspectives on changing technology and the “massive impacts” it will have on society, both domestic and internationally. • Mike Feinberg, Co-Founder of Knowledge Is Power Program and Superintendent, KIPP Houston. Awarded The Thomas B. Fordham Prize for Excellence in Education and the National Jefferson Award for Greatest Public Service by a Private Citizen in 2006. Joint with Hampton Roads Community Foundation. • Trevor D. Heaver, Centre for Transportation Studies, University of British Columbia. Dr. Heaver has wide international experience in transportation and logistics issues through assignments in Argentina, Australia, China, Europe, and Korea and has served on advisory committees for both government and industry. • Ms. Rayola Dougher, Senior Economic Advisor, American Petroleum Institute. Focuses on informing policymakers, the news media, and the public on energy market issues and trends. • Economic Forecasting Luncheon: Forecasts by the ODU Forecasting Team of Professors Yochum, Agarwal, and Najand. • Tom Revels, CEO, LivingWell Health Solutions, Charlotte, NC, a health management company specializing in providing wellness programs to reduce healthcare claims costs for small to medium sized businesses. Joint with the Virginia Business Coalition on Health. • Stephen Brobeck, Executive Director, Consumer Federation of America. A federation of 300 groups with more than 50 million members, CFA is the nation's largest consumer advocacy organization. College of Business & Public Administration Insurance & Financial Services Center & Emergent Risk Initiative • Insurance and Risk Management Opportunities Reception – attended by about 80 students, 70 professionals. • Annual Founder’s Day Luncheon - attended by over 100 industry professionals and 25 students. Keynote speaker C. Burke King, president and general manager of Anthem Blue Cross and Blue Shield Virginia • Colloquium series on Demystifying Climate Change and Sea Level Rise, co-sponsored with CC/SLR Initiative 21. Virginia Jump$tart Financial Literacy annual conference presentation 22. Personal Finance Summer Institute College of Business & Public Administration Center for Economic Education 23. Decision Making and Cost Benefit Analysis - Virginia Association for Teachers32 of Family and Consumer Sciences128 annual conference training programs, hours, presentation Webinar: Tour the Stock Market Game Team Portfolio reaching 576 public school teachers Functional Integration,” was selected by Decision Sciences Journal of Innovative Education as one of the best empirical papers published in the journal in 2010/2011 College of Business & Public Administration Faculty Achievements Dr. Douglas Ziegenfuss was named a 2010 Super CPA Educator by the Virginia Society of Certified Public Accountants (VSCPA) and recognized in a special insert in the publication Virginia Business College of Business & Public Administration Student Achievements • MSA Student Team Wins AGA National Case Challenge • Team members: Matthew Stewart, James Fiske, Meena Katwal, and Sara Crabtree (Team Leader) • Team advisors: Dr. Laurie Henry, Dr. Megan Burnham, Dr. Douglas Ziegenfuss, Dr. Jesse Hughes (faculty emeritus), and Ms. Kelly Stefanko, an auditor from the Office of the Inspector General of the National Science Foundation College of Business & Public Administration Student Achievements • CBPA Fed Challenge Team was a finalist in the 2010 College Fed Challenge Competition (students Ronald Greiser, David McFarland, Brittany Renica, Dasha Safonova, Michael Schneider, Paul Silverman; Coach Dr. Larry Filer • Sara Harding, double major in Decision Sciences and Finance (Real Estate concentration), $1000 GEICO Achievement Award • Melissa Smith, senior majoring in Communications, with a double minor in Public Service and Marketing, “Most Promising Marketer” for 2011 prize by the Hampton Roads Chapter of the American Marketing Association (HRAMA) • Camille Cowin, MBA student, one of 100 students advancing to the semifinal round in the Graduate Management Admission Council MET Fund’s “Ideas to Innovation Challenge” College of Business ranked 100 in Public Affairs Education by US News, based on analysis of more than 1200 graduate programs College of Business & Public Administration Program Achievements College of Business & Public Administration Looking forward to 2011/2012 CREED Tennis Pro-Am Hampton Roads Financial Leadership Conference October 10-11, 2011 Public Service Week 2011 – November 7-11 Keynote address – Malaak Compton-Rock Women in Public Service Roundtable Public Service Career Explorium Executive in Residence/CBPA Alumni Public Service Award Graduate Certificate in Public Procurement & Contract Management 15 credits Housed in USPA New procurement faculty member – Stephen Gordon College of Business & Public Administration Looking forward to 2011/2012 Economics Club Charles “Wick” Moorman, President/CEO, Norfolk Southern Corp. David Coleman, founder, Student Achievement Partners Admiral (Ret.) Craig Quigley, Executive Director, Hampton Roads Military and Federal Facilities Alliance G. Robert Aston Jr., Founder, Chairman, CEO, Towne Bank (2012 Economic Impact Award) Alice Peterson, Chief Ethics Officer, SAI Global Andrew Ross Sorkin, author & co-host of “The Squawk Box” Dr. Jeffrey Lacker, President, Federal Reserve Bank of Richmond Landmark Executives in Residence Steve Fredrickson, President & CEO, Portfolio Recovery Associates Robert Broermann, SVP and CFO, Sentara Healthcare Tim Toll, VP Global Customer Development, Campbell Soup Ting Xu, President/Founder, Evergreen Enterprises College of Business & Public Administration 2010/2011 Agenda AACSB Self-Study & Consultation AQ/PQ Participating/Supporting Strategic Plan Coordination Maritime Program Continued Upgrade of Graduate Programs (Advertising) Forecasting and SOR Statewide Executive Development CREED: Residential Real Estate and the Urban Land Institute’s “Reality Check” MBA Business Incubator/Business Gateway Adjunct Advisory Council