Annual Report2008/09

John M. and Mary Jo Boler School of Business

Innovations and Initiatives

Strategic Alliances

Intellectual capital

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In this era of Ponzi schemes and unprecedented corporate bailouts followed by record year-end bonuses, it is more important than ever to impart ethical business practices to rising generations of students.

Faculty and staff at the John M. and Mary Jo Boler School of Business strive to develop and motivate tomorrow’s leaders through educational excellence in the Jesuit tradition. In fact, one of our core values is to nurture the “intellectual, personal, and moral development of each student and inspire each to become a person for others.” We pride ourselves on preparing men and women who make a difference and become leaders in the business world.

Dual AACSB Accreditation—Again! Every five years, business and accountancy programs accredited by The Association to Advance Collegiate Schools of Business (AACSB International) must undergo rigorous review to affirm that they still meet or exceed AACSB standards. I am very proud to report that both the Boler School of Business and the Department of Accountancy undergraduate and graduate programs were reaccredited in 2009. Less than 5 percent of institutions worldwide have earned AACSB International business accreditation and only 1 percent of these schools have earned specialized accreditation for their accounting programs.

Innovations and Initiatives2009 marked the second year of our 5th Year MBA program featured on page 6. Our accounting majors have had this option for several years, but we have retooled the traditional MBA and the undergraduate business minor to enable students in any major to complete an MBA in one year, if they complete certain prerequisites.

John Carroll students who want to start their own business someday now have a minor in entrepreneurship to help them chart the course. The minor was established through the efforts of faculty from the Boler School and the College of Arts and Sciences, and with input from members of the Entrepreneurs Association at John Carroll’s Muldoon Center for Entrepreneurship. The University also introduced a living/learning option called Entrepreneurs House for incoming freshmen interested in living with students who share their enthusiasm for starting a business. For more on these and related ventures, turn to page 7.

Intellectual Capital and Strategic AlliancesI am especially proud to highlight Boler’s “strategic alliances” here and abroad, including our very popular London program, on pages 10-21. Our outstanding students and faculty are showcased as “intellectual capital” on pages 22-35 and include our award-winning Students in Free Enterprise (SIFE) team, as well as faculty members recognized regionally and nationally by their peers.

As we start a new decade, we have many exciting initiatives in process and under consideration. Visit www.jcu.edu/boler to stay current, connected, and to learn more about how we are enhancing the reputation of the Boler School and increasing the value of your degree. Your feedback is important to us and we look forward to hearing how you’re making a difference.

A Message From the Dean

Mission Statement:The Boler School of Business

develops and inspires tomorrow’s leaders through

educational excellence in the Jesuit tradition.

Vision Statement:To be recognized as one of the best Catholic business

schools in the country through developing outstanding, socially

responsible leaders.

Karen Schuele, Ph.D., CPA

Innovations and Initiatives

Intellectual Capital

Strategic Alliances

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12 SIFE

13 Community Outreach

14 London

15 Rouen

16 Croatia

17 New York

18 Partnerships

19 Events

21 CNN Winner

24 Training the Trainers

25 CPA Exam Results

25 Beta Gamma Sigma

26 Competitions

27 Awards

28 Faculty Promotions and Appointments

29 Faculty Honors

30 Student Honors

32 Faculty Publications

6 New MBA

7 Entrepreneurship

8 Immersion Experiences

9 New Courses

9 5th Year MBA

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to write large the formula for invention, innovation and entrepreneurship. As high-

paying manufacturing jobs … shift to lower-wage countries, it is incumbent upon us

all … to hone our sense of entrepreneurship and invest technical resources wisely.

Merely spending on technology isn’t enough. Investing in technology-smart people …

who are equipped emotionally and educationally to recognize new markets and meet

real needs--now that is the investment to make.”

—Jerry Hultin, president, Polytechnic Institute of New York University, on Forbes.com

“Now is the time

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Innovations and Initiatives

The Boler School of Business celebrated

several new start-up ventures in 2008

and 2009, including a new and improved

MBA; a minor in entrepreneurship and

other door-opening opportunities for

aspiring student entrepreneurs; and

new courses in math and marketing.

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New and Improved MBA for Experienced Managers

Managerial positions have changed dramatically over the past few years, so in addition to a traditional MBA program, the Boler School now offers the new Integrated Business Decision MBA. Prospective students must meet an elevated set of admission criteria, including two years’ experience in a management role, to participate in this program.

Twelve students participated in 2008’s pilot class. The number of students enrolled in the program increased to 20 in fall 2009.

The new curriculum offers a completely re-designed MBA core focused on major decisions managers regularly face, and teaches the leadership skills and functional knowledge needed to make those decisions. The program starts with a healthy dose of leadership assessment and development, ethical decision making and analytical modeling. Subsequent courses include decision making centered on information analysis and innovation generation, planning and forecasting innovations, resource planning, and implementation of projects and programs.

The curriculum also includes “real-world” problem solving for Cleveland-area companies. Students present their solutions to the companies at the end of the semester.

STUDENTS participated in 2008’s pilot class for the new Integrated Business Decision MBA.

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Reality Bridge—Learn from the Pros, Gain ‘Real World’ Experience

Students interested in starting a business someday can “test the waters” in a new co-curricular program called Reality Bridge. Funded by the Entrepreneurs Association (EA) at John Carroll and developed through the efforts of EA members, the Reality Bridge program teams students with experienced EA business owners to develop and analyze a business idea and see if it will fly. Each team has a business partner with an economic interest in seeing the idea launched into an actual business. Teams present their ideas to a panel of judges and cash prizes are awarded to the students.

Reality Bridge is unique in two ways. First, the program does not rely on a business plan as its principal decision vehicle. This approach allows students from the College of Arts and Sciences —typically unfamiliar with business plans—to participate and bring their unique skill sets to the program. Second, the business idea does not end with the feasibility study, but rather the start up of a viable, operating business is the goal.

Living and Learning in Entrepreneurs House

Got a million dollar idea? Entrepreneurs House is a residential option in Murphy Hall for freshmen from any major who are interested in innovation, creativity, and entrepreneurship. Students on the floor have opportunities to interact with and learn from Cleveland-area entrepreneurs, as well as participate in special programs. Student residents have access to a lounge, for their exclusive use, equipped with computer equipment and a wide-screen television. The facilities are funded by members of the Entrepreneurs Association, who also participate in the co-curricular activities with the students.

New Hands-On and Collaborative Entrepreneurship Minor

John Carroll students interested in starting a business someday now have a minor in entrepreneurship to help show them the way. The minor was established through the collaborative efforts of faculty from the Boler School of Business and the College of Arts and Sciences, and with input from members of the Entrepreneurs Association at the Muldoon Center for Entrepreneurship. Funded by a grant from the Burton D. Morgan Foundation, the curriculum includes courses in creativity and innovation, social entrepreneurship, and entrepreneurial accounting and finance. The program also includes an experiential capstone course. Entrepreneurship courses are taught by faculty from both the College of Arts and Sciences and the Boler School.

EntrepreneurshipCalling all aspiring entrepreneurs

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ImmersionImmersion experiences offer new perspectives on life

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Summer in Ghana

The life-changing Ghana Summer Institute introduces participants through cultural immersion to the history and culture of Ghana, and to the developmental challenges faced by this West African nation located just a few degrees north of the Equator. Lectures at the University of Ghana in Accra and amazing field trips to various parts of the country allow participants to learn about the socio-economic development of post-colonial Ghana and to see first-hand the enormity of socio-economic problems there. The Institute, started in summer 2006, takes place every other year. The program was developed through the joint efforts of Walter Simmons, Ph.D., chair, Department of Economics and Finance, and Komla Aggor, Ph.D., former chair, Department of Classical and Modern Languages and Cultures (now at Texas Christian University) who earned his undergraduate degree with honors at the University of Ghana. Jim Martin, Ph.D., associate dean in the Boler School, joined program coordinators and students on the 2008 summer trip.

Nicaragua and the Mexican border

Imagine spending the night with a host family in the mountains of northern Nicaragua, or living at a shelter for immigrants on the Mexican border. Boler students and faculty had opportunities to experience both in 2008 and 2009. During winter break 2008-2009, Paul Murphy, Ph.D., Department of Management, Marketing, and Logistics, participated in a John Carroll-sponsored trip to Nicaragua that focused primarily on fair-trade issues. Participants stayed with families in Managua, where they visited a market that sold everything from toothpaste to live chickens, several garment manufacturing facilities, a Hurricane Mitch resettlement community, and a health clinic. The group traveled to a nature reserve in the mountains of northern Nicaragua and stayed on farms with host families. They also met members of the local women’s cooperative, picked coffee beans, and learned about the coffee industry, which plays a significant role in Nicaragua’s economy.

Another group of students and Karen Schuele, Ph.D., dean of the Boler School, spent a week in El Paso, Texas, in late spring 2009, to learn about U.S.-Mexican border issues. The group lived at a shelter for immigrants, which provided a rare opportunity to learn directly from shelter residents about immigration and other issues. Program coordinators arranged meetings with a border patrol officer, a Drug Enforcement Administration agent, an immigration attorney, and an advocate for immigrant farm workers. The JCU group also took a day trip to Juarez, Mexico, providing the students with a broad overview of border issues.

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50%INCREASE in the 5th Year MBA enrollment

5th Year MBA enrollment spikes

2009 marked the second successful year of our 5th Year MBA program for non-business undergraduates. Although the program has been in place for our accounting majors for a number of years, we redesigned the traditional MBA curriculum and the undergraduate business minor to enable students in any major to complete an MBA in one year if they complete certain prerequisites. In addition, students gain valuable real-world experience in the internships. To date, students have responded enthusiastically to the 5th year opportunity, as evidenced by a 30 percent and 50 percent increase in the 2008 and 2009 classes, respectively.

New courses designed with freshmen in mind

Two new courses—one in marketing, the other in math—joined the Boler line-up in 2009. The classes were developed to foster a stronger connection with first-year students.

MK 121 – Marketing, Creativity, and Innovation, is a hands-on, experiential class that introduces students to the creative side of business. Students engage in a variety of creativity exercises that lead to innovative product solutions. Assigned readings generate lively discussions on topics ranging from ethical considerations in product liability, to how innovation can change entire industries.

MT 167 – Mathematics of Change and Chance, is designed specifically for students headed for the Boler School of Business. The class focuses on growth and change from a mathematical perspective and reflects the shifting quantitative needs of our students as they pursue business careers.

Taking Care of Business— from first-years to post-grads

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“Alliances have become an integral part of contemporary

strategic thinking.”—Fortune Magazine

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Strategic AlliancesLondon, Croatia, New York, and Zaire—

Boler programs and activities in these

and other far-flung and diverse locales

afford our students and faculty amazing

opportunities to experience the world

and share Boler best practices.

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SIFE—Student Organization of the Year— Wins Regional Competition

The John Carroll chapter of Students in Free Enterprise (SIFE) tackled an ambitious agenda of projects in 2009, which ultimately led to their success in the SIFE regional competition, an invitation to the national competition in Philadelphia, and recognition as the JCU Student Organization of the Year.

SIFE’s goal is to develop outreach projects in market economics, entrepreneurship, financial literacy, personal success skills, and business ethics. Through the efforts of nearly 50 student members, the 2008-2009 SIFE group developed over 20 programs, two of which are detailed below, that reached across the campus, into the Greater Cleveland community, and across the globe.

Raising Sustainability Awareness at Sam’s Club

The SIFE team, with assistance from SIFE Business Advisory Board member Chuck Miller (also Sam’s Northeast Ohio regional manager), developed a program to build customer awareness about the company’s environmental sustainability initiatives. The SIFE team initially surveyed employee awareness. The students were surprised at the number of company initiatives in place and employees’ unfamiliarity with these efforts. So, the students developed a presentation to educate Cleveland-area store managers. Through this program, store managers, in turn, taught their employees, who then shared their knowledge with customers. SIFE team members estimate that they have indirectly educated 1,000,000 Sam’s Club customers!

Hands Across the Water; Computers for Orphans in Zaire

Reaching across the ocean, a second SIFE team, partnering with SIFE Business Advisory Board member Henri Ngolo, collected and prepared used computers for 105 children at the African Children’s Ministries orphanage in Kinshasa, Zaire. The orphanage was founded by and is funded by Mr. Ngolo. A video featuring him and the SIFE team’s efforts was aired at the annual meeting of Sam’s Club and broadcast to all 600 clubs, reaching as many as 10,000 employees. The SIFE group plans to continue its outreach efforts on behalf of the orphanage and hopes to visit the children someday.

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Helping Taxpayers who Need it Most

Senior accountancy majors, along with faculty, staff, administrators, and alumni, participated in the IRS’ Volunteer Income Tax Assistance (VITA) program during the 2009 filing season with the support of John Carroll’s Center for Service and Social Action. The program offers free tax help to low- to moderate-income taxpayers (generally, $42,000 and below) who are unable to prepare their own tax returns.

“Super Saturdays” were held in 2009 at John Carroll in February and March. More than 60 taxpayers were served. Through a partnership with the Cuyahoga Earned Income Tax Credit Coalition, nearly all the returns were electronically filed, speeding refunds to the people who need them most. 2009 was the 20th year the University participated in the VITA event.

60were assisted during IRS’ Volunteer

Income Tax Assistance program sessions held on campus.

TA X PAY E R S

Boler Community Day

In 2009, for the second consecutive year, Boler students, faculty, and staff gathered on a Friday afternoon to give back to Greater Cleveland. Seven teams, each wearing matching t-shirts to designate team membership, proceeded to buses, vans, or the DeCarlo Varsity Center gym floor to: • PackmedicalsuppliesatMedWish for shipment to Third-World countries.

• Rakeleavesandscrubfloorsatthe Cleveland Men’s Shelter.

• Shareaworshipserviceandice cream with patients and their families at Hospice of the Western Reserve.

• Assemblemealstobedelivered by students involved in JCU’s Labre Project to the homeless on the streets and under the bridges of Cleveland.

• Assistinsetupandmeal preparation for the Labre Project’s annual picnic for the homeless in downtown Cleveland.

• Hostagroupofstudentsfromthe Thea Bowman Center on campus to enjoy an afternoon of games, magic, chemistry demonstrations, and friendship.

• Organizeboxesoffoodatthe Cleveland Food Bank for delivery to families in need.

• Provideconversationand companionship to residents of Brendan Manor, an assisted-living facility.

Community OutreachBoler committed to community outreach

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BSOB London is best-attended study-abroad program

In 2009, the popular Boler London Program moved to Regent’s College, which is situated on the edge of beautiful Regent’s Park. Twenty-eight John Carroll students and Robert Bloom, Ph.D., professor of accountancy, called London home for a semester, making it John Carroll’s best-attended study-abroad program, according to John Carroll’s Center for Global Education. Students raved about London and the new program at Regent’s College, and also enjoyed the diverse group of international students at the school.

Some students chose to stay exclusively in London to become more familiar with the city. Others took advantage of the close proximity to France, Italy, Greece, and Spain. Students also participated in a five-day trip to Brussels with Andreas Sobisch, Ph.D., director of the Center for Global Education. In Brussels, students met with representatives of NATO, the European Parliament, and the European Commission.

Coincidentally, Lady Sophie Laws, dean of the Regent’s American College, held the Tuohy Chair in Religious Studies at John Carroll in the late 1980s.

participated in the 2009 Boler London Program

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2The Boler School has developed an exchange program with Rouen Business School.

S C H O O L S

The French Connection

The Boler School and the Rouen Business School (RBS) in France recently agreed to develop an exchange program between the two schools. Program particulars are in the works and the first student exchanges are expected in fall 2010. Boler Dean Karen Schuele, Ph.D., and Assistant Dean Laura Atkins participated in the International Panel and Conference hosted by the French business school in spring 2009, which helped pave the way for the new program.

The RBS undergraduate business program requires its students to complete a six-month internship in a non-French speaking country. It also requires RBS students to study abroad for one year of their four-year program. At the end of their internships, each student prepares a written report and oral presentation, both in English, on a business issue faced by the organization where they interned. They must include suggestions for ways to address the issue. The written report is reviewed and assigned a ranking by a panel of faculty and administrators from across the globe.

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Boler School Partners with Croatia’s Zagreb School of Economics and Management

The Zagreb (Croatia) School of Economics and Management (ZSEM) exists thanks to the efforts of Joseph Bombelles, Ph.D., retired economics professor from John Carroll’s Boler School, who was born and raised in Croatia, and is president of ZSEM’s board of trustees. Since its inception, ZSEM and the Boler School have been involved in several initiatives to bring ZSEM faculty and students to John Carroll and to send Boler School faculty to Croatia to teach in the MBA program at ZSEM.

Croatian Students Come to JCUIn summer 2008, 17 students and three faculty members from ZSEM traveled to John Carroll—the largest group ever. Students took courses in business communications and the legal aspects of business, and the faculty sat in on classes they teach when they are home in Croatia. The group also met with members of the Croatian business community in the Cleveland area, and enjoyed Cleveland’s museums, zoo, and West Side Market. They also experienced the excitement of New York City and Cedar Point—a first trip to an amusement park for many!

Boler Faculty Go to CroatiaPaul Murphy, Ph.D., and Robert Bloom, Ph.D., each spent time during the 2008-2009 academic year teaching in Croatia. Dr. Murphy taught “Distribution and Logistics Management” in the MBA program at ZSEM and conducted a one-day executive education seminar, “Distribution and Logistics Management,” in Zagreb, Croatia, and in Sarajevo, Bosnia.

Dr. Bloom taught International Accounting, the capstone course in accounting in ZSEM’s MBA program, an elective course in the Boler School’s MBA and MS Accountancy program.

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Finance Association Trip to NYC

Thirty students from the Finance Association traveled to New York City in late January 2009. The group, accompanied by faculty members, Frank Navratil, Ph.D., and Gary Porter, Ph.D., visited KPMG where they were hosted by Bob Clair ’77 and Curtis Watkins ’06. They also visited the headquarters of Bloomberg, where they were hosted by Julie Waring ’07. They toured the New York Stock Exchange and were given a detailed account of the recent financial crisis by alum Eric Badger ’01 at The Bank of New York/Mellon. They finished the trip with a visit to the advertising firm, Interpublic Group, hosted by John Cunningham ’76 and attended a reception with 40 alumni at the Trattoria Dell’Arte restaurant.

The trip, which was planned and conducted by Finance Association members, has alternated between New York City and Chicago in recent years. It is an opportunity for students to visit major financial institutions, listen to JCU alumni describe their job experiences, see how their finance coursework is applied in the working world, and network with JCU alumni.

received VIP tours from JCU alumni in New York City at KPMG, Bloomberg, the New York Stock Exchange, Bank of New York/Mellon, and Interpublic Group (advertising), then shared stories with JCU alumni at a reception in January 2009.

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Mellen Series brings CEOs to JCU

The Mellen Series, supported through a generous gift from the Edward J. and Louise E. Mellen Foundation, brings chief executive officers of Ohio-headquartered, publicly held firms to John Carroll’s campus to discuss the strategic focus of their companies and the challenges they face. The 2008-2009 series featured Anthony J. Alexander, president and chief executive officer, FirstEnergy Corp., and Michael D. Siegal, chairman and chief executive officer, Olympic Steel, Inc. The Mellen Series, open to the public, offers a rare chance for attendees to ask corporate decision-makers questions about their business and managerial strategies.

Leadership Speaker Series

The Leadership Speaker Series, offered through the MN 151 course, brings CEO-level professionals from area for-profit and not-for-profit organizations to speak about the importance of leadership in personal and professional development. For a list of spring 2010 speakers, please visit www.jcu.edu/boler/legacy/centers/clsd/currentspeakers.aspx. The series is free and open to the public.

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The Muldoon and Kahl Awards

Each year, the Muldoon Center for Entrepreneurship recognizes two exceptional business leaders.

In 2009, the Edward M. Muldoon Award was presented to Delos M. Cosgrove, M.D., president and chief executive officer of Cleveland Clinic. The award recognizes business leaders who have distinguished themselves by their entrepreneurial actions to improve society and enhance life in the broader community.

The John J. Kahl, Jr. Award was presented to John Boler, chairman, retired chief executive officer and founder of The Boler Company. The award recognizes individuals who have distinguished themselves by the sustained application of creative leadership to their businesses or organizations, resulting in above-average growth.

Proceeds from the program support Boler School student programs in entrepreneurship.

PartnershipsWith Cleveland business leaders

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‘Inside Info’ on New Product Development Careers

In January 2009, the Boler School of Business co-sponsored with the Northeast Ohio Chapter of the Product Development Management Association (PDMA) a career night for students. The event helped more than 100 students visualize a career in product development and innovation and understand how they can get started in this unique field.

Students had a unique opportunity to engage with experienced product development professionals based in Northeast Ohio. On hand to network with students were members of the JCU Entrepreneurs Association, as well as local professionals from the full range of product development disciplines and industries, including John Spirk, co-owner of Nottingham-Spirk Design Associates, one of the most recognized product innovators in the United States, with over 500 commercialized patents that have resulted in combined sales exceeding $30 billion.

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KPMG Symposium

In July 2008, Boler’s Department of Accountancy and KPMG’s Cleveland office hosted “From U.S. GAAP to Global Accounting: An International Financial Reporting Standards (IFRS) Awareness Symposium.” The event attracted nearly 100 business professionals. A reception, supported through the KPMG Professorship currently held by Al Nagy, Ph.D., followed the formal presentation, providing participants with an opportunity to mingle with Boler School faculty and students and KPMG professionals. In addition, prior to the formal presentation, symposium speakers met with accounting students.

EventsAttract hundreds to campus

IIA/JCU Accounting Seminar

In March 2009, the Boler School’s Department of Accountancy and the Institute of Internal Auditors (IIA) hosted the annual JCU/IIA Seminar. The day-long seminar included speakers from business organizations throughout Greater Cleveland and provided area CPAs with a cost-effective opportunity to earn eight hours of quality continuing professional education (CPE). In addition, the seminar provided participants with an option to attend a half-day Ohio Society of Certified Public Accountants ethics seminar to satisfy the ethics CPE requirement for Ohio CPAs. The March symposium attracted nearly 200 business professionals. The Boler School’s portion of the proceeds from the event funds scholarships for accountancy students.

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Blue Streak for Others

The John Carroll football squad can thank a teammate for their new jerseys. When Frank Ross ’10, appeared as a contestant on the television game show Deal or No Deal in November 2008, he came away $14,000 richer. Last spring, he took his winnings—after taxes, nearly $10,000—and donated them to the University for new jerseys. Frank, from Canfield, Ohio, went on the show with the goal of winning money for the Blue Streaks football program. The marketing major plays wide receiver and quarterback on the team.

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Immersion Week

John Carroll hosted 2008 Immersion Week activities sponsored by the Entrepreneurship Education Consortium (EEC). The EEC is a group of nine colleges and universities in Northeast Ohio that promotes entrepreneurial education. EEC’s goal is to encourage entrepreneurial-minded students to remain in Northeast Ohio after graduation and grow new business ventures. Students involved in EEC note how encouraged they are when they see students from other schools with a passion for entrepreneurship.

Immersion Week, in August, is a competition in which EEC student teams compete against each other. Students are taught by instructors in entrepreneurship from the EEC schools, complemented by an all-star group of angel investors, entrepreneurs, and well-known business leaders. Students receive cash prizes for their winning business idea, and all students who participate are paid a stipend for the week. John Carroll’s team—Dany Diaz ’11, Brendan Knoblauch ’10, Jessica Ilacqua ’10, Joshua Marcin ’09, and Taylor Burton ’09—finished second and won $2,000. Their idea, Green Bridge, proposed a website to help residents find eco-friendly products and services in their community.

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CNN Contest Winner

When CNN announced its iReport Film Festival: Campaign 2008! contest, Franco Carapellotti ’10, a Boler School management major, knew he and his high school friend, Zach Hawrot, were up for the challenge. Franco and Zach, amateur filmmakers since high school, created and starred in The Electoral College: Barack Obama and John McCain College Roommates, a short political satire film that depicts the 2008 presidential candidates as college roommates. The film ultimately won the CNN Audience Award, landing the budding filmmakers an all-expenses paid trip to help cover the presidential inauguration with CNN. While in Washington, Franco was able to participate in many of the inaugural festivities and meet with numerous CNN personalities. In addition, Franco’s short film was featured on multiple CNN broadcasts.

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“It has become obvious that the real value of … companies cannot be determined by only traditional accounting measures. The worth of an Intel or Microsoft lies not in bricks and mortar, or even in inventories,

but in another, intangible kind of asset: Intellectual Capital.” —Leif Edvinsson and Michael Malone, Intellectual Capital: Realizing Your

Company’s True Value by Finding Its Hidden Brainpower

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Intellectual Capital“People are our greatest asset” is a

phrase you will see time and again in

annual reports and on organizations’

websites worldwide. The Boler School

of Business is no exception: People are

our greatest asset, too. In the pages

that follow, you will see how the Boler

community of students, faculty, staff, and

alumni continues to make us proud.

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Training the (Entrepreneurial) Trainers

When the Boler School announced plans to launch a new minor in entrepreneurship*, faculty across the University enthusiastically responded. Why would a chemistry or art history professor be interested, you ask? Approximately 75 percent of entrepreneurs have a background in arts and sciences. In keeping with that statistic, seven out of the 10 faculty members selected to help develop the entrepreneurial curriculum came from John Carroll’s College of Arts and Sciences.

To better prepare the cross section of faculty for the fall 2009 launch of the new minor, the University created The Academy for Entrepreneurial Learning. The Academy was funded by a generous $80,000 grant from the Hudson-based Burton D. Morgan Foundation, and was led by Jackie Schmidt, Ph.D., professor of communication in John Carroll’s College of Arts and Sciences, and Jack Soper, Ph.D., professor of economics and the Boler School’s current Kahl Chair in Entrepreneurship.

Academy faculty benefited from the insights of three experts, who discussed best practices used in entrepreneurship education and coached participants as they designed content for new courses in the minor. The team of experts were: Jeff Cornwall, Ph.D., the Jack C. Massey Chair in Entrepreneurship and director of the Center for Entrepreneurship at Belmont University; Pat Dickson, Ph.D., associate professor and director of the Business and Enterprise Management degree program at Wake Forest University; and Mark Weaver, Ph.D., Thomas H. Daigre Endowed Chair of Business Administration and director of the Stephenson Entrepreneurship Institute at Louisiana State University.

*(see related article, page 7)

The Academy for Entrepreneurial Learning faculty fellows at John Carroll reflect the true interdisciplinary nature of the new minor.

The fellows include:

Jill Bernaciak, M.B.A. marketing

Duane Dukes, Ph.D. sociology

Peggy Finucane, Ph.D. communication

David Mascotti, Ph.D. chemistry

Pam Mason, Ph.D. political science

Scott Moore, Ph.D. economics and finance

Mindy Peden, Ph.D. political science

Gary Porter, Ph.D. economics and finance

Jackie Schmidt, Ph.D. communication

Elizabeth Stiles, Ph.D. political science

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Accountancy Graduates: High Achievers on CPA Exam

Students from the Accountancy program in the Boler School have once again demonstrated why public accounting firms clamor to hire them. JCU graduates ranked 10th nationally on passing the Audit section of the exam for first-time candidates with advanced degrees. The findings are detailed in a 2009 report by the National Association of State Boards of Accountancy (NASBA), which documented the pass rates for CPA candidates who took the exam in 2007. In addition, our students ranked #1 in Ohio on both the Financial Accounting and Reporting, and Regulation sections.

Congratulations, 2009 Beta Gamma Sigma Inductees

Beta Gamma Sigma is the international honor society serving business programs accredited by AACSB International—The Association to Advance Collegiate Schools of Business. Membership in Beta Gamma Sigma is the highest recognition a business student anywhere in the world can receive in a business program accredited by AACSB International.

MBA AND MS ACCOUNTANCY Nicholas Ambrogio Joseph Bontempo Olga Masharina Elie Merheb Joel Mullner

UNDERGRADUATES – SENIORS Benjamin Adams Michael Benisek* Patrick Bloomstine Aleksandra Brikman* Nicholas Buzzy* Erin Currie Nathan Dobson* Jonathan Douglas* Mike Kawkabany* Alan Keener* James Kerekes* Jennifer Kotik John Meilinger Daniel Moschetta* Peter Niro* Samuel Pitts* Kevin Sibly Jennifer Suplita Aaron Syguda Joseph Teets *Initiated as a Junior

UNDERGRADUATES – JUNIORS Matthew Bader Sara Culhane Joseph DiFranco Patrick Flynn Caitlin Giorgi Julie Marlowe Jason Miller Andrea Molitoris Camila Negret Matthew Pinto Sammar Sharbek Constantinos Tsatiris Jill White

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were inducted into Beta Gamma Sigma

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Deloitte Tax Case Study Regional Competition

Four accountancy students, Jessica Sindelar ’09, Bryan Gacka ’09, Mike Benisek ’09, and Matt Perciavalle ’09, participated in the Deloitte Tax Case Study regional competition held in Columbus October 17-18, 2008. This intercollegiate event involves working as a team to develop a solution to a complex tax case, using only the IRS Tax Code and Regulations. To prepare for the event, the students met several times prior to the competition to practice using former cases and to get extra instruction from Department of Accountancy faculty. While the team’s efforts did not result in an invitation to participate in the national competition, the students found the competition was a great opportunity to put their tax knowledge to the test. It was the 17th year John Carroll participated in this event.

Boler StudentsExcel in state and regional competitions

4participated in the Deloitte Tax Case Study regional competition.

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Annual American Advertising Federation Contest

Last spring, as part of an annual American Advertising Federation (AAF) regional competition, a large team of Boler marketing students developed a campaign to combat the dangerous overconsumption of alcohol by college students. The sponsoring client, The Century Council, is a national, independent, not-for-profit organization dedicated to fighting drunk driving and underage drinking.

The students conducted expert interviews, focus groups, and survey research with nearly 300 students, to explore attitudes about binge drinking, and measure the effectiveness of their team’s creative approach.

The Boler team faced off against nine teams and travelled to Charleston, West Virginia, to present to a panel of judges/marketing professionals. Presenters, all from the Class of 2009, Meagan Gambone, Meredith McKay, Levio Baldarelli, Angela Allman, Mike Gross, and Katie Weppner, were supported by the efforts of 18 additional Boler School students, who handled research, creative, integrated marketing communications, media planning, and promotions.

Regional competitions are held each spring in 15 districts throughout the U.S.

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Allen is SBAC Favorite

Every spring semester, the Student Business Advisory Council (SBAC)provides Boler School undergraduate and graduate students the opportunity to name their favorite teacher. In 2009, Scott Allen, Ph.D., visiting professor in the Department of Management, Marketing, and Logistics was awarded the SBAC Favorite Teacher accolade. Prof. Allen teaches leadership development and serves as the faculty advisor for the student SIFE team (see related story, page 12). According to students, among his many attributes is his “enthusiasm for the course material and his ability to engage the students through active learning.”

Welki Wins Wasmer Award

Andrew Welki, Ph.D., associate professor in the Department of Economics and Finance, received the 2008 Wasmer Outstanding Teaching Award. The award, established in 1992, is given annually to a member of the Boler School faculty in recognition of outstanding performance and innovation in the classroom. Prof. Welki joined the John Carroll faculty in 1982. He not only excels in the classroom but is frequently found in the stands at JCU football and basketball games cheering on the team and typically serves as the academic advisor for more than 100 students during an academic year.

AwardsCelebrate Boler faculty locally and regionally

Weinstein Named Top Accounting Educator

Gerald Weinstein, Ph.D., professor and chair in the Department of Accountancy, was named the 2009 Outstanding Ohio Accounting Educator by the Ohio Region of the American Accounting Association and the Ohio Society of CPAs. The award is presented each year to an accounting educator at an Ohio college or university who has made an extraordinary contribution to the accounting profession and excels in educating future accounting professionals. Prof. Weinstein joined John Carroll in 1979, and teaches financial accounting, accounting theory, and tax. He has served on a number of committees for the American Accounting Association and the Ohio Society of CPAs, is a board member for several Greater Cleveland not-for-profits, and, for many years, has served as John Carroll’s coordinator for its efforts on behalf of low-income taxpayers through the Volunteer Income Tax Assistance program (see related story, page 13).

Hauserman honored by SME Cleveland

Mark Hauserman, executive director of the Entrepreneurs Association and director of the Muldoon Center for Entrepreneurship, was selected as a recipient of the 2009 Distinguished Marketing and Sales Awards (DMSA) presented by Sales and Marketing Executives of Cleveland. The DMSA is the profession’s highest honor acknowledging excellence and celebrating outstanding sales and marketing achievements.

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Welki

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Faculty Promotions and Appointments

PROMOTIONS

Department of Accountancy Albert Nagy, Ph.D., promoted from Associate Professor to Professor

Gerald Weinstein, Ph.D., promoted from Associate Professor to Professor

Department of Economics and Finance Walter Simmons, Ph.D., promoted from Associate Professor to Professor

Department of Management, Marketing, and Logistics Edward Tomlinson, Ph.D., granted tenure and promoted from Assistant Professor to Associate Professor

APPOINTMENTS

Bradley Hull, Ph.D., Standard Products – Reid Chair

NEw HIRES

Department of Accountancy Patti Weiss, Visiting Instructor

Mariah Webinger, Ph.D., Assistant Professor

Department of Management, Marketing, and Logistics Tina Facca, Assistant Professor of Marketing

Yan Gao, Ph.D., Assistant Professor of Management

Scott Allen, Ph.D., Assistant Professor of Management

Rosanna Miguel, Ph.D., Visiting Assistant Professor of Management

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Faculty HonorsIn order to recognize and reward outstanding achievement by the Boler School of Business faculty, two special designations were established in 2008, Mulwick Scholars and Wasmer Fellows. Mulwick Scholars are so designated in recognition of a history of consistent, high-quality research productivity, and anticipated future superior research output. The Mulwick Scholars program is funded through a generous gift from the estate of Andrew Mulwick ’42. Faculty selected as Wasmer Fellows have demonstrated a consistent history as a contributing citizen of the Boler School of Business and John Carroll University communities through their performance in the areas of teaching, research, and service. The Wasmer Fellows Program is funded by an endowment from the late Jack Wasmer ’45.

Edward Tomlinson, Ph.D.

wASMER FELLOwS

MULwICk SCHOLARS

Robert Bloom, Ph.D. Paul Murphy, Ph.D.

Charles Watts, Ph.D.Walter Simmons, Ph.D.

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Cleveland Public Accounting Firms Awards Jessica Sindelar Joseph Teets

Clifford Scholarship in Finance Jill White

Ciuni & Panichi Firm Award Julia Britten

Cohen & Co. Award Brittany Oliveri

David M. Benacci Award for Promising Investment Managers Andrew Marusic

Deloitte & Touche Alumni Awards Michael Pryslak Vincent Tarantino Constantinos Tsatiris

Ernst & Young Awards Kelly Patch

Francis McGurr 5th Year Accounting Scholarship Carl J. Blankschaen

George Goodrich 5th Year Accounting Scholarship Joshua S. Brabbins Patrick J. Ramella

George A. Merritt Scholarship Carolyn Pici

Grant Thornton LLP Awards Matthew Bader Kate Schafer

Howard, wershbale & Co. Award Laura Bove

Institute of Internal Auditors Awards Kelly Murphy Samuel Pitts

James Boland 5th Year Accounting Scholarship Brandon Kurtz

James Delaney 5th Year Accounting Scholarship Ashley M. Jaklic

Jason Stevens Scholarship in Finance Daniel Bennett

John D. Volpi Sr. Memorial Scholarship Robert Szeles

Student Honors

SCHOLARSHIPS

Patricia Relyea Boland/Ernst & Young Scholarships Christine Briercheck Annamaria George Caitlin Gorie Christine Kuilder Kelly Lucas Shaylyn Mahoney Julie Marlowe Tareyn McKenzie Allison Meglich Camila Negret Colleen Stanard Jill White

School of Business 50th Anniversary Scholarships Adam Day Matthew Despoth Carmen Labbato Zoran Miling Jason Miller Matthew Pinto

Ernst & Young Awards Bryan Gacka Outstanding Senior Award

Matthew Pinto Outstanding Junior Award

Skoda, Minotti & Company Award Nicholas Nardi Outstanding Sophomore Award

Robert T. Sullens Excellence in Taxation Award Michael Benisek Matthew Perciavalle

Allyn Adams 5th Year Accounting Scholarship Martin J. Smith

American Body Company Hustle and Harmony Scholarship Krista Bland

Apple Growth Partners Award Caitlin Kahl

Arthur J. Noetzel Scholarship Colleen Stanard

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9AwARDS

Economics Achievement Award Douglas J. Walton

Financial Executives Institute Award Daniel J. Moschetta

Finance Faculty Student Service Award Christina Ely Jason Javers

John Marshall Gersting Award Douglas J. Walton

Omicron Delta Epsilon Outstanding Junior Economics Major Award Jamie Ott

Outstanding Accountancy Graduate Student Vincenzo Di Rosa

Outstanding Junior Scholar in Marketing and Logistics Jason W. Miller

Outstanding Senior in Logistics Sarah E. Zalas

Outstanding Senior in Management Andrew N. Flynn

Outstanding Seniors in Marketing Christina M. Anderson Natalie M. Zajac

Sonia S. Gold Award Nicholas B. Buzzy

wall Street Journal Award Peter A. Niro

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AwARDS

John willkomm 5th Year Accounting Scholarship Scott C. Dobos

Joseph Bombelles Award for Achievement in International Economic Studies Zachary Walker

kPMG LLP Awards Joseph DiFranco Scott Matthews Thomas Schaberl

Lubrizol Corporation Award Sara Culhane Kelly Lucas

Mark Pacelli Scholarships in Finance Matthew Despoth Allison Meglich Zoran Miling

Michael J. Lavelle, S.J., Scholarships in Economics Amanda Dice Joseph McKenna Anthony Miranda Razmig Pounardjian Christopher Vecchio

Ohio Society of CPAs Award Kaitlin Wojno

Plain Dealer Scholarship Tareyn McKenzie

Plante and Moran Award Lindsay Pautler

PricewaterhouseCoopers LLP Awards Dmitriy Labunskiy Ashley Pettibon Sammar Sharbek Jennifer Suplita

RSM McGladrey/McGladrey Pullen Award Christie Kuilder

Raymond Smiley 5th Year Accounting Scholarship Krista M. Meola Nicholas A. Yacobozzi

Robert T. Sullens 5th Year Accounting Scholarship Chase M. Gardner

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Complexity in Financial Reporting M. Myring and R. Bloom Today’s CPA (Vol. 35, No. 3), November/December 2007

The Culpability of Accounting in Promoting Slavery in the British Empire and Antebellum United States D. Oldroyd, R.k. Fleischman, and T. Tyson Critical Perspectives on Accounting (Vol. 19, No. 5), July 2008

What’s in Their Wallet? G.P. weinstein and R. Bloom Journal of Accountancy (Vol. 206, No. 3), September 2008

The Death of LIFO? R. Bloom and w.J. Cenker Journal of Accountancy (Vol. 207, No. 1), January 2009

AUDIT

Auditor Resignations and Auditor Industry Specialization w.J. Cenker and A.L. Nagy Accounting Horizons (Vol. 22, No. 3), September 2008

Financial Information Service Providers and the Internal Control Report A.L. Nagy Managerial Auditing Journal (Vol. 23, No. 6), June 2008

Government Auditing Standards: Implementation Tool A.L. Nagy and R. Bloom The Pennsylvania CPA Journal (Vol. 79, No. 4), Winter 2009

Faculty Publications

ACADEMICS

Academic Perspective: Solving the Shortfall in Accounting Classrooms R.L. Madison Catalyst September 2007

Enhancing Faculty Effectiveness and Quality Seminar F.J. Navratil AACSB International September 2007

ACCOUNTING

An Analysis of IFAC’s Financial Reporting Supply Chain R. Bloom and M. Myring Tennessee CPA Journal (Vol. 53, No. 6), July 2008

Charting the Future of the Accounting Profession R. Bloom and M. Myring CPA Journal (Vol. 78, No. 6), June 2008

An Analysis of the GAO Study on Market Concentration R. Bloom and D.C. Schirm CPA Journal (Vol. 78, No. 4), April 2008

Incentive Stock Option Plans R. Bloom and w.J. Cenker Strategic Finance (Vol. 89, No. 10), April 2008

Analysis of SFAS 157, Fair Value Measurement J. Fuglister and R. Bloom CPA Journal (Vol. 78, No. 1), January 2008

Spacek’s Contributions to Accounting Thought Revisited R. Bloom Accounting, Business, and Financial History (Vol. 17, No. 3), November 2007

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ECONOMICS

Effective regulation versus tacit collusion in the long distance market: An empirical analysis S. kahai and D. Kaserman Journal of Regulatory Economics (Vol. 32, No. 3), December 2007

Common Stocastic Trends Among Caribbean Currencies: Evidence From Guyana, Jamaica, and Trinidad & Tobago R. Aggarwal and w.O. Simmons Journal of Economics and Business (Vol. 60, No. 3), May 2008

Determinants of Motor Vehicle Fatalities: A Kansas Case Study M.W. Babcock, T.J. Zlatoper, and A.M. welki Journal of the Transportation Research Forum (Vol. 47, No. 1), Spring 2008

FINANCE

Academic Perspectives: Global Capital Markets and Global Economy R. Bloom and M. Myring Catalyst, July 2007

Current and Private Investors’ Return and Risk Sharing with Private Equity Offering Announcements L. Brooks and E.J. Ferreira The Journal of Private Equity (Vol. 11, No. 3), Summer 2008

GENDER

Do Male and Female Accountancy Chairs Perceive Ethics and Communication the Same? J.J. Schmidt and R.L. Madison Management Accounting Quarterly (Vol. 9, No. 3), Spring 2008

Male-Female Giving Differential: Are Women More Altruistic w.O. Simmons and R. Emanuele Journal of Economic Studies (Vol. 34, No. 6), 2007

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9HUMAN RESOURCE MANAGEMENT

On Thin Ice? Labor/Management Relations in U.S. Professional Sports J. Higgins and S. Higgins-DeFago Marketing Management Journal (Vol. 19, No. 1), Spring 2009

Avoiding Liability for Wrongful Termination: “Ready, Aim,...Fire!” E.C. Tomlinson and w. Bockanic Employee Responsibilities & Rights Journal (Vol. 21, No. 2), June 2009

LEADERSHIP

Leadership development S.J. Allen In A. Marturano and J. Gosling, (ed.), Leadership: The Key Concepts Routledge, 2007

Leader development: An exploration of sources of learning S.J. Allen and N.S. Hartman Organization Development Journal (Vol. 26, No. 2), Summer 2008

A hunt for the missing 50 cents: One piece of the leadership development puzzle S.J. Allen Organization Development Journal (Vol. 26, No. 1), Spring 2008

The landscape of leadership development in the United States S.J. Allen China Executive Leadership Academy Pudong, 2008

Leadership development: An exploration of sources of learning S.J. Allen and N.S. Hartman SAM Advanced Management Journal (Vol. 73, No. 1), Winter 2008

Editors’ Introduction: The Education of Leadership S.J. Allen and T. Middlebrooks Journal of Leadership Education (Vol. 8, No. 1), Summer 2009

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LEADERSHIP —continued—

An exploration of theories of action in leadership development: A case study S.J. Allen Organization Development Journal (Vol. 27, No. 2), Summer 2009

Leadership and adult development theories: Overviews and overlaps S.J. Allen Leadership Review (Vol. 9), Winter 2009

Adult Learning Theory and Leadership Development S.J. Allen In Jyoti Budhraja (ed.), Leadership Development in the New Millennium The ICFAI University Press, 2009

Individual leader development: An appreciative inquiry approach R. Hart, T. Conklin, and S.J. Allen Advances in Developing Human Resources (Vol. 10, No. 5), October 2008

What leaders say versus what academics write: The relevance of leadership theory N.S. Hartman, T.A. Conklin, and J.E. Smith SAM Advance Management Journal (Vol. 72, No. 4), Autumn 2007

Research Trends in Emotions and Leadership R.H. Humphrey, J.B. Kellett, R.G. Sleeth, and N.S. Hartman In N.M. Ashkanasy and C.L. Cooper (ed.), Research companion to emotion in organizations Edward Elgar Publishing, Inc., 2008

LOGISTICS/SUPPLY CHAIN

Frankincense, Myrrh, and Spices -- the World’s Oldest Supply Chain? B. Hull Journal of Macromarketing (Vol. 28, No. 3), September 2008

Skill Requirements of Senior-Level Logisticians: A Longitudinal Assessment P.R. Murphy and R. Poist Supply Chain Management: An International Journal (Vol. 12, No. 6), 2007

Supply Chain Bolt-Ons: Investment and Usage by Manufacturers C.A. watts, V.A. Mabert, and N.S. Hartman International Journal of Operations and Production Management (Vol. 28, No. 12), 2008

ORGANIZATIONAL BEHAVIOR

Justice as strategy: The role of procedural justice in an organizational realignment N.S. Hartman and J.H. Karriker Journal of Change Management (Vol. 7, No. 3-4), September - December 2007

Implementing a Market Orientation in Small Manufacturing Firms: From Cognitive Model to Action J.H. Martin, B. Martin, and P. Minnillo Journal of Small Business Management (Vol. 47, No. 1), January 2009

Trait Anxiety, Disgust Sensitivity, and the Hierarchic Structure of Fears S.D. McDonald, N.S. Hartman, and S.R. Vrana Journal of Anxiety Disorders (Vol. 22, No. 6), August 2008

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9Putting a Good Face on Impression Management: Team Citizenship and Team Satisfaction N.T. Nguyen, A. Seers, and N.S. Hartman Journal of Behavioral and Applied Management (Vol. 9, No. 2), January 2008

Trust congruence among negotiators as a predictor of joint-behavioral outcomes E.C. Tomlinson, B.R. Dineen, and R.J. Lewicki International Journal of Conflict Management (Vol. 20, No. 2), 2009

The role of causal attribution dimensions in trust repair E.C. Tomlinson and R.C. Mayer Academy of Management Review (Vol. 34, No. 1), January 2009

PEDAGOGY

Simulations as a source of learning: Using StarPower to teach ethical leadership & management S.J. Allen Journal of Leadership Education (Vol. 7, No. 1), Summer 2008

Emotionally intelligent leadership: A guide for college students S.J. Allen and M. Shankman Jossey-Bass, 2008

An Examination of a Skills-Based Leadership Coaching Course in an MBA Program J.B. Forbes Journal of Education for Business (Vol. 83, No. 4), March/April 2008

The Potential of Erin Brockovich to Introduce Organizational Behavior Topics J.B. Forbes and J.E. Smith Organization Management Journal (Vol. 4, No. 3), Winter 2007

Let’s Be Honest About Cheating R.L. Madison and M.P. Lynn The New Accountant (No. 728), 2008

Leadership education: New challenges, continuing issues A. Middlebrooks and S.J. Allen International Leadership Journal (Vol. 1, No. 1), November 2008

Contemporary Logistics, 9th Edition P.R. Murphy and D.F. Wood Prentice Hall, 2008

Instructors Manual, Contemporary Logistics, 9th Edition P.R. Murphy and D.F. Wood Prentice Hall, 2008

International Transfer Pricing and Intellectual Property: The PrimeCo Case M. Myring and R. Bloom Issues in Accounting Education (Vol. 22, No. 4), November 2007

Teaching the interactionist model of ethics: Two brief case studies E.C. Tomlinson Journal of Management Education (Vol. 33, No. 2), April 2009

TAX

IRS OKs Rolling Average R. Bloom Journal of Accountancy (Vol. 207, No. 2), February 2009

Financial Accounting vs. Income Taxation of Defined Benefit Pensions and Other Post-Retirement Benefits Plans R. Bloom and w.J. Cenker Taxes - The Tax Magazine (Vol. 87, No. 2), February 2009

Derivatives and Hedging: Accounting vs. Taxation R. Bloom and w.J. Cenker Journal of Accountancy (Vol. 206, No. 4), October 2008

Tax Accounting Method and Entity Choice G.P. weinstein and w.J. Cenker Taxes – The Tax Magazine (Vol. 8, No. 8), August 2008

wASMER SUMMER GRANTS 2008

Edward Tomlinson, Ph.D. Department of Management, Marketing, and Logistics Research to examine how managers can repair trust once it is violated.

Nathan Hartman, Ph.D. Department of Management, Marketing, and Logistics “Mediators to the Personality and Organizational Citizenship Behaviors Relationship”

Richard Grenci, Ph.D. Department of Management, Marketing, and Logistics Develop web analytics assignments for use in marketing and information systems classes and examine the place for this instruction in marketing, e-commerce and IS curricula

Scott Moore, Ph.D. Department of Economics and Finance Examine the empirical relationship between corporate governance and value in commercial banks

walter Simmons, Ph.D. Department of Economics and Finance “Differentials in Giving of Money and Time by People who are Religious” and “Giving and Volunteering in a Time of Terrorism”

www.jcu.edu/boler