OMAHA 2002 Year in Review COLLEGE OF BUSINESS ADMINISTRATION UNIVERSITY OF NEBRASKA AT
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OMAHA 2002 Year in Review COLLEGE OF BUSINESS ADMINISTRATION UNIVERSITY OF NEBRASKA AT
UNIVERSITY OF NEBRASKA AT OMAHA COLLEGE OF BUSINESS ADMINISTRATION 2002 Year in Review 4 8 12 16 22 28 30 2 tradition leadership innovation News and Events Alumni Partnerships Programs Honors and Recognition International Programs Internships and Scholarships Omaha’s Business College. Omaha’s Business Partner. SOME OF THE MOST REWARDING EXPERIENCES for all of us at the UNO College of Business Administration are the ones we don’t see firsthand. They’re the first professional jobs our recent bachelor’s graduates take on. They’re the leadership posts and promotions our MBA and Executive MBA graduates have earned. They’re the new companies born from ideas researched and nurtured by the team at the Nebraska Business Development Center. Most of all, these experiences are proof that, at CBA, students are well equipped with the knowledge, skills and experience to succeed. In this edition of the Year-in-Review, you’ll read stories of many graduates from a variety of programs who have made a mark in their companies and their communities. 3 We’re proud to be Omaha’s business school and the choice for so many highcaliber, talented individuals—a student body that is growing even stronger, year after year. We’re also pleased to serve as a partner for a wealth of local and regional companies who look to our knowledgeable faculty and innovative programs as a ready resource. The benefits of the collaboration between our business partners and our faculty, staff and students are evident in so many of our programs. The Black Executive Exchange Program, highlighted in coming pages, is a prime example of how the college, community and corporations in Omaha have rallied to bring an enhanced emphasis on helping every student reach his potential. My thanks to everyone who continues to support the college through their gift of time and their financial contributions. With your support, we are able to prepare our students for rewarding experiences during their education, and in their careers. Sincerely, The UNO College of Business Administration is fully accredited by AACSB International—a distinction earned by less than one-third of the business colleges in the United States. www.aacsb.edu Stanley J. Hille, Ph.D. COLLEGE OF BUSINESS ADMINISTRATION • 2002 YEAR IN REV Students working in the Investment Science Lab find an environment that mirrors what’s available in the professional world. The facility is only one of a handful in the United States that provides this kind of hands-on learning opportunity. 4 Investment Science Lab Gives Students Professional-Level Tools and Experience B ehind an unassuming door on CBA’s third floor is a portal to the world of investing. You’ll see it on the tickerboard on the wall displaying current stock quotes, on the TVs mounted high on the walls showing the latest CNN and CNBC news, and on the computer screens glowing with spreadsheet and Web data. “It’s the jewel in our crown—and one of the most exciting technology rooms we’ve ever created,” says David Nielsen, CBA director of IT and budget, of the college’s Investment Science lab which was built and opened to students and faculty in 2002. The lab gives finance and banking students and faculty the tools and ambiance of a real-life trading floor. Students have the opportunity to research stock information, compare vari- tradition leadership innovation ous financial factors, and then make projections on future performance. It’s an exceptionally progressive environment, one of only a few such facilities located at a U.S. university, says Dr. David Volkman, Cloud Professor of Investment Science and chair of the Department of Finance, Banking and Law. “Everything in the room is a sort of microcosm of what you might see if you went to a local company’s trading floor. This lab gives students the ability to work in a situation that’s very similar to what they’ll experience in a professional setting.” During the planning process, Nielsen and Dr. Volkman visited two Omaha-area corporate trading floors, and also researched educational labs at Oklahoma State University and the University of Akron. They combined the most de- News & Events sirable and most practical elements from their experiences and went to work on transforming the former classroom. “This truly was a team effort,” says Nielsen. The University of Nebraska Foundation lent financial support, local vendors offered significant discounts on equipment (see sidebar) and staff across campus pitched in with their knowledge and labor. The facility consists of 20 AMD-processor workstations and a faculty workstation equipped with custom-built computers, assembled by the CBA technology team. Dual flat-screen monitors allow users to access and reference several kinds of data at once, and professional-grade office seating gives the room an added professional air. Students studying investment management and portfolio management regularly use the lab, as well as other student groups who faculty feel can benefit from using the facility’s hardware and software. OMAHA BUSINESSES HELP MAKE LAB A REALITY Several area businesses stepped up to help CBA create the kind of lab that organizers envisioned. In the long run, one business leader asserts, the lab provides an 5 enhanced learning environment to produce an experienced, competent group of graduates. Senior Raymond Downey, a commercial banking and finance major, says the facility is “awesome.” As portfolio manager for the UNO Investment Club, he spends time in the lab researching potential purchases and tracking the portfolio’s performance. “It gives us real-life, hands-on experience. The capabilities the lab offers us are invaluable.” The combined aspects of the facility, students agree, offer an unprecedented opportunity to get a jump-start on their future careers. The lab also gives faculty a resource to help students apply what they read in textbooks. “As an Omaha-area business, we depend on a well-qualified workforce. We wanted to help UNO and the college put its best foot forward in training students and helping them enjoy a progressive working environment,” says Larry Kavich, president and CEO, All Makes Office Equipment Co. Thanks to these businesses for making the Investment Science Lab a reality: “It really makes teaching more dynamic,” says Dr. Volkman. “We can show students firsthand how you can make assumptions All Makes Office Equipment Co. Workstations and seating based in theory, but that the real world isn’t so cut and dried. Here, they can take the Data Transmission Network Real-time, streaming data connections theory and apply it. They have an opportunity to test theories and make mistakes, where FutureWare Computer hardware system components we’re available to help them.” Merrill Lynch Software Northwestern Mutual Life Software COLLEGE OF BUSINESS ADMINISTRATION • 2002 YEAR IN REV For the first time in its six-year history, the CBA Executive Education program has extended its tailored business management course outside the Omaha area. Executive Education Program Heads West, Offers Manufacturing-Focused Curriculum I n Fall 2002, a team of nine CBA professors traveled west for 12 consecutive weeks to Columbus, Nebraska, to offer the MBA-level course to manufacturers in the area. The city was chosen as a site for the program because of its concentration of industry and qualifications for funding by the Nebraska Department of Economic Development. Columbus is the most industrialized city per capita in Nebraska, and a significant industry hub with 7,000 manufacturing jobs. The Columbus Area Chamber of Commerce and Central Community College promoted the program to local manufacturing professionals. Seventeen participants representing 10 local companies signed up for the 12-week, four-hour morning course, held at the community college. 6 Richard Anderson, president of Shell Valley Companies, was one of the participants. His company manufactures fiberglass products for industry, agriculture, household and hobby uses. He says he was motivated to enroll in the course because of an ongoing interest in today’s business theories and applications. “Business changes daily, and I want to make sure I try to learn as much as I can about what’s going on and what’s being taught in business schools,” he says. Anderson was especially pleased with the caliber of the faculty. “I thought the instructors were very intelligent and knew their subject matter really well. I was very impressed.” Kim Schumacher, director of human resources at meat processor Carneco Foods, agrees. “The expertise the instructors brought to each class was amazing. That, in turn, brought out a lot of good discussion among the participants and gave us an opportunity to help each other address our challenges.” Combining customized classroom theory and application with participants’ experiences is the hallmark of the CBA Executive Education program. Faculty members tailor their class presentations to match the interests and issues of the participants. Over the years, the program has taken business curriculum to healthcare, utility and insurance managers and executives. Columbus, Nebraska -area companies participated in the 2002 Executive Education course: ADM CORN PROCESSING BEHLEN MANUFACTURING CO. CARNECO FOODS EGS/APPLETON LOUP POWER DISTRICT NEBRASKA PUBLIC POWER DISTRICT PEARSON BUSINESS SOLUTIONS SAND LIVESTOCK SHELL VALLEY COMPANIES The Columbus experience, TECHNICK MANUFACTURING adds Dr. Tej Adidam, coordinator of the Executive Education program and professor in the Department of Marketing and Management, “has given our faculty members a chance to learn more about the business sector in a different, yet very important, industrial town. It’s been a very positive experience for our faculty.” Anderson and Schumacher “absolutely” would recommend the program to colleagues and those at other companies in the area. “I can’t think of another opportunity that offers such a well-rounded course in all aspects of management,” Schumacher says. NEBRASKA BANKERS FUND BUSINESS STATISTICS LAB A $25,000 gift from the Nebraska Bankers Association has been used to create the CBA Finance and Business Statistics Lab. The facility serves as a resource where students can find finance and statistics books and videos, Internet and laptop hookups, and computers equipped with statistics software. CBA instructor Janet Pol works in an adjacent office as the lab coordinator, answering students’ questions and guiding them to information sources. CBA’s technology staff equipped the room in 2002; it opened its doors to students in February 2003. tradition leadership innovation News & Events CBA Dedicates Beta Gamma Sigma Key in October Ceremony I n October 2002, faculty, staff and friends of the College of Business Administration celebrated the dedication of a bronze and granite Beta Gamma Sigma key. The monument was installed in front of the south entrance of Roskens Hall as part of the college’s 50th anniversary events. The key, says Dean Stan Hille, is a physical representation of the affiliation CBA has with the national business honor society. “This helps bring an awareness to students and visitors that we’re continually striving to represent the Beta Gamma Sigma tradition of quality and excellence in our people and programs,” he said. UNO became a chartered member of Beta Gamma Sigma in 1965. Another symbol of that commitment is celebrated each spring with the in- duction of a group of new student and faculty members into the honor society. An invitation to membership in Beta Gamma Sigma is the highest honor a business student can receive. In 2002, the college began a new tradition for inviting eligible students to join the society. CBA faculty members, dressed in academic regalia, visited classrooms to “tap” eligible students. Invitations were extended to the top 7 percent of the junior class, 10 percent of the senior class, and 20 percent of the MBA students scheduled to receive their degrees within the year. The tapping created excitment and anticipation for prospective Beta Gamma Sigma students, and also proved to be a recruiting success—the college saw a significant increase in the number of students who accepted Associate Dean Louis Pol, unveils the Beta Gamma Sigma key located at the south entrance of Roskens Hall. The bronze and granite installation weighs 350 pounds and is five feet tall. 7 7 the invitation to membership, with nearly 100 percent of students accepting. Honorees were inducted into the society in a ceremony held in April 2002. COLLEGE OF BUSINESS ADMINISTRATION • 2002 YEAR IN REV Alumnus’s Legacy Honors Leadership and Education Through Scholarship Fund C raig Hoenshell always valued earning his business degree from UNO—an accomplishment he frequently touted as a key factor in his professional success. And though his career took him to some of the highest posts in U.S. corporations, he never forgot how he got there. The Scribner, Nebraska, native came to Omaha University in 1962. It was “a huge metropolis” compared to the town of 1,000 where he grew up, Hoenshell reflected in a 1998 CBA interview. “I didn’t have very much money and I didn’t know how I was going to work, go to school, and pay for tuition and books.” 8 But the freshman had initiative, and a few days after coming to campus he knocked on Dean John Lucas’s door. “I told him my story and several days later he gave me a scholarship—it was not only a full ride scholarship, but a job. Without Dean Lucas, I don’t know exactly how that story would have played out. He was very critical to my early success.” IN MEMORIAM R. Craig Hoenshell 1944–2002 Through his ongoing support of the University and the College of Business Administration, R. Craig Hoenshell has created a lasting legacy. The businessman, UNO alumnus and friend of CBA passed away in New York City on July 1, 2002, from lung cancer. He was 58. We salute his dedication, generosity and commitment to preparing new generations of business graduates to lead and succeed. Hoenshell earned a BSBA in accounting in 1966. He joined IBM, working in Omaha and later Dallas as an account representative, sales staff instructor and training manager. Hoenshell returned to Omaha in 1973 to help launch First Data Resources. In 1980, American Express acquired First Data. There, he served as president of American Express International, American Express Travelers Cheques and American Express Centurian Bank. After a nine-year stint at American Express, he retired—for a short while. In 1997, he was tapped as chairman and CEO of Avis Rent a Car. Hoenshell’s two years at Avis included overseeing the corporation’s transition from employee ownership to becoming a publicly traded company. He retired in 1999. tradition leadership innovation Though Craig Hoenshell, says his brother, Jeff, was “a very bright, intelligent individual,” he felt all the things he was able to accomplish in his career were due largely to the fact that he had a superior education. In turn, he felt strongly about giving back to UNO. “He was always thinking of ways in which he could help the smartest and brightest to fulfill their potential,” says Jeff Hoenshell. Hoenshell always remembered the impact of Dean Lucas’s generosity and the business preparation CBA provided—and wanted to do the same himself. In the late 1990s, he pledged $250,000 to create the Hoenshell Leadership and Scholars Program. The program gave its first awards in 1998, to honor and promote leadership in students by providing scholarships to CBA students. Today, the college awards three categories of awards: leadership, scholarship and talent. A committee of faculty and administrators chooses the recipients. “Craig was an absolute believer that as an individual you can build a path to whatever level you want to take yourself,” Jeff Hoenshell says. “He felt that a good education opens doors, helps you exercise your mind and keeps you open to learning your entire life.” Craig Hoenshell was honored with the UNO Alumni Association’s Citation for Alumnus Achievement in 1987 and the CBA Distinguished Achievement Award in 1990. He was an inaugural member of the CBA Lucas Society in 1998. Alumni 9 The memory of CBA graduate and benefactor R. Craig Hoenshell lives on through students like Brandy Nelson, a 2002 economics graduate who received the Hoenshell Leadership Award. BRANDY NELSON never had an opportunity to meet Now working as an agent in the Omaha office of American Craig Hoenshell, but the 2002 economics graduate is a prime example of the kind of student Hoenshell wanted to Income Life, Nelson says she hopes to someday work with environmental policy, possibly in the international sector. nurture through his scholarship program. Being a Hoenshell scholar, she says, “inspires me to try to help students later on in my career.” Nelson was named a 2002 Hoenshell Leadership Scholar and received a $1,000 award from the college. She And though she didn’t have a chance to meet served as president of the economics club, as an undergraduate representative for the economics her benefactor, she knows what she would have told him: “I would have thanked him for department advisory board, corresponding secretary and recording secretary for Golden Key international honor his generosity and let him know how honored I felt to receive the award, knowing what a society, and was a member of Beta Gamma Sigma and Omicron Delta Epsilon honoraries. distinguished man he was—I would have wanted just to say thank you.” COLLEGE OF BUSINESS ADMINISTRATION • 2002 YEAR IN REV For many Omaha-area executives, a solid start to a successful business career starts at UNO. Year after year, CBA graduates have found success in a variety of careers and industries. We’re pleased to share four success stories of individuals who received their business degrees through the college. Alumni Applaud Their CBA Education Foundation and Enjoy Career Success Maurice “Moe” Russell Corey Meyer President, DTN Market Access BSBA, Accounting, 1985 Corey Meyer still relies on the basics of business that he learned at CBA. “As I’ve evolved over the years into an operational and managerial role, the underlying quantifiable side of business, how finances work, how accounting systems work, has been tremendous for me,” the executive says. 10 10 In 2000, Meyer assumed the top leadership post at DTN Market Access, one of four operating units of Omaha-based parent Data Transmission Network. The company provides financial futures and equities traders access to real-time market quotes on equities, options, futures, commodities and securities, plus news and historical data. DTN Market Access gathers information from 37 different exchanges around the world, sends the data through its data center and delivers the data to subscribers in less than a second and a half. It’s a dynamic industry and one that provides constant challenges. But Meyer says his education, as well as his previous positions with a national accounting firm, consumer products company, and logistics firm, and doing bankruptcy consulting work have all contributed to the knowledge and expertise he brings to his position. Meyer and his company were instrumental in lending technical know-how to the CBA Investment Science Lab in 2002 (see story, page 4). The company is providing real-time market data to the room, giving finance students real-life information President, Russell Consulting Group EMBA, 1997 Moe Russell has always had a strong interest in agriculture. He grew up on a grain and livestock farm near Monticello, Iowa, earned a degree in Agriculture Business from Iowa State University and spent 25 years overseeing operations for Farm Credit Services in Omaha. Later, he managed U.S. operations for Roach Ag Marketing, all the while entertaining thoughts of starting his own business. In 1998, he struck out on his own. Russell Consulting Group in Panora, Iowa provides financial and marketing services to farmers and ranchers. The company has customers in 17 states. “In our original business plan,” Russell says, “we wanted to have 100 customers in three years. We achieved that in nine months and 17 days.” The company has found success in helping clients achieve an important goal: to develop and carry out a marketing plan that meets their financial obligations and allows them to turn a profit. After many years of career success, Russell still had one important goal himself: to earn an MBA degree by age 52. In 1995, he entered the Executive MBA program at UNO and earned his advanced degree two years later. Participating in the program, he says, was a smart investment that’s generated a very good return. “I think it’s an excellent program. Learning is a lifelong process—I think a person needs to learn both in the classroom as well as at work and in one’s personal life.” to work with. Cheryl Straub tradition leadership innovation Alumni Executive Vice President and Chief Operating Officer Greater Omaha Chamber of Commerce BSBA, Economics, 1980 MS, Economics 1984 “Our mission is to create jobs and an investment in greater Omaha,” says Cheryl Straub of the role the Greater Omaha Chamber of Commerce plays—one that mirrors the objectives of the College of Business Administration. The bachelor’s and master’s degrees in economics Straub earned at UNO have given her a unique perspective on how to grow Omaha and its area businesses. Her career has included market research posts at Union Pacific Railroad and Union Pacific Realty (formerly Upland Industries Corporation). In 1986, she joined the Chamber as vice president of its Business Research Council. Straub moved to her current position with the organization in 1998. Her responsibilities include overseeing finance and administration, communications, public relations, as well as human resources and special events. Her business education, she says, gave her the tools she needed “to enter the business community and get the job done. I really found that my education at UNO was well rounded and I found the professors very helpful.” Today, she is a member of the CBA National Advisory Board, a responsibility she takes seriously. “I think the University gave me a lot and I think it’s important that I give back to them in return.” Straub was named the 1994-95 Economics Alumna of the Year. In 1996, she received the CBA Distinguished Alumni Achievement Award. Robert Stedman Retired, Auditor and Insurance Fraud Investigator Equitable Life Assurance Society BSBA, Business, 1951 When Robert Stedman came to Omaha University in the late 1940s, the only building on campus was what’s known today as Arts and Sciences Hall. But the quantity of facilities didn’t compromise the quality of education he received at UNO—an experience, he says, that prepared him well for a 36-year career with one company. Stedman joined Equitable Life Assurance Society in 1951 as an administrative trainee in Fargo, North Dakota. After six months he was assigned to the Tulsa, Oklahoma, office, and then back to Omaha in 1957. In 1962 he began a 25-year career in the company’s Internal Audit an Evaluation Bureau, working as an auditor and insurance fraud investigator. His assignments took him to all corners of the United States, traveling by car. Today, he says he’s a “full-fledged retiree,” but makes a point to stay in touch with what’s happening at UNO and CBA. The Fort Lauderdale, Florida, resident, still used to traveling by car to see the country, occasionally makes the 1,685-mile drive to Omaha to visit with UNO officials and faculty and marvel at how the campus has evolved since he was a student. 11 Dean Hille with CBA alumnus and Stedman has been a gensupporter Robert Stedman. erous supporter of the University and CBA. With assistance from the University of Nebraska Foundation, the business graduate and former UNO football and basketball player has created a unitrust to fund scholarships for business students, student athletes and the UNO Alumni Association. COLLEGE OF BUSINESS ADMINISTRATION • 2002 YEAR IN REV National Urban League Taps UNO to Pilot Minority-Focused Program F or the first time in its history, the National Urban League has chosen a predominantly white institution as a partner in its Black Executive Exchange Program (BEEP). The BEEP program, traditionally offered at historically black colleges and universities (HBCUs), serves as an opportunity for college students to hear from mentors in leading corporations on topics such as management, communication and leadership. In October 2002, UNO premiered BEEP II. The event was held at UNO, as well as at area elementary and high schools. Twenty-five African-American executives went to schools to speak with students and share their experiences, advice and wisdom about finding success in the business world. 12 “This helps us to cultivate our talent locally and better prepare young people for success in the workplace. There’s a wonderful source of talent for us and it’s right here in Omaha. That’s an important reason why we wanted to support this effort in our community.” The decision to participate as a BEEP II executive, says Ivan Gilreath, vice president of national accounts at Mutual of Omaha, was “really a natural,” he says. “I think the students were excited to have an opportunity to meet with some black executives. They were eager to see individuals who repre- The pilot program is a joint partnership between UNO, the National Urban League and the Urban League of Nebraska. The College of Business Administration was keenly interested in helping to bring the program to Omaha and to harness the collective power of the community’s minority executives. “Partnerships are extremely important to our mission,” says Dean Stan Hille. “The BEEP II program allows us to create visibility and a dialogue opportunity for our students, faculty and the greater community. It gives minority students exposure to the significant accomplishments African-Americans are making in industry and education.” Support from the business community was strong, and came in the form of corporate sponsors for the event as well as the 25 executive speakers—known as BEEPers. Mutual of Omaha served as a sponsor, hosting an opening reception for the event, and provided two executives. The company has been involved with the program on a national level for many years, and regularly has provided executives to speak at HBCUs, says Liz Mazzotta, vice president of corporate development and diversity at Mutual of Omaha. Participating in the local program, she says, is an opportunity to forge connections with UNO students who will soon be looking to enter the professional world. BEEP II program partners and participants: Mark Eber Nebraska; Dean Stan Hille; Destynie Jenkins, CBA stud tradition leadership innovation Partnerships sent the companies they’ve always admired and potentially want to work with.” Many of the students Gilreath and other BEEPers spoke to in the sessions approached the executives afterward and thanked them for the experience. “They asked us for advice, they asked us to mentor them. The reception we received was tremendous.” Plans are underway for the next BEEP II event, to be held in Fall 2003. For more information about the program, contact Mary Lynn Reiser at (402) 554-2357. “The executives showed that if you work really hard there are people out there who are willing to give you a chance. It felt nice to know that there are people who are very successful but also down to earth—they know you by your first name, they know the activities they’re involved in and they really care.” Destynie Jenkins CBA finance and banking student BEEP II participant and student liaison “We believe in building a diverse workforce and are pleased to support programs like BEEP II. We’re excited about the possibilities for the program and the opportunities for economic growth.” Mark Eberly Chief of Worldwide Talent Resources The Gallup Organization 13 The Gallup Organization sponsored two UNO administrators and one student to attend the 2002 BEEP Conference in Atlanta. “The program is a way to reach minority students and let them specifically know that there are people who look like them who have been successful in the community, and may have overcome some of the same challenges they’re facing right now. We received a tremendous response from the Omaha community at large, both in education and in business.” Ed Cochran President and CEO Urban League of Nebraska ly, The Gallup Organization; Ed Cochran, Urban League of dent; and Ivan Gilreath, Mutual of Omaha. COLLEGE OF BUSINESS ADMINISTRATION • 2002 YEAR IN REV Ken Moreano, director of the Scott Technology Transfer and Incubator Center, and Craig Hergott, NBDC consultant and associate state director, at the facility on UNO’s south campus. 14 NBDC Provides On-Site Consulting to Scott Center Incubator Companies F or more than 25 years, the Nebraska Business Development Center (NBDC) has been helping small businesses get their start. In 2002, the center offered this opportunity to young businesses located in the Scott Technology Transfer and Incubator Center. The technology center was developed by the Suzanne and Walter Scott Foundation and is the first research facility on the UNO high-tech, south campus. It provides an entrepreneurial environment for both early-stage companies as well as technology transfer opportunities for established companies. The Incubator Center features a variety of businesses from technical service and support, to venture capital investment, to online auction services. Currently, 11 companies are housed in the center. In late 2002, NBDC joined the center to serve as a resource for the incubator businesses. Consultant and associate state tradition leadership innovation director Craig Hergott moved into a satellite office in the center, located in the midst of the incubator’s suite of offices. The expansion gives incubator companies the opportunity to leverage the NBDC’s business know-how and experience in financing, marketing, strategic planning and more—without ever leaving the building. The close proximity of companies reinforces the center’s focus on providing an “open interface” and collaborative environment for small businesses, says Ken Moreano, director of the Scott Technology Transfer and Incubator Center. It also gives companies a trusted, dependable resource for making sure their goals are on track. “NBDC is a great resource for these companies,” he says. “I think a company may be so focused on their core technology or their product or service that they may not have a perspective on how to grow or expand.” Partnerships Companies such as Tournament Gold have benefited from NBDC’s services. The two-year-old company, and the first incubator business to move into the facility, provides housing and logistics services for amateur and professional athletic events. Having this kind of business planning assistance available is invaluable, Gornell says. “It’s nice to be able to get feedback. I think their being on-site is a huge bonus. We’re able to bounce ideas off them and benefit from their experience,” and that of NBDC as a whole. “NBDC has been very helpful in streamlining our business plan,” says co-owner Paul Gornell. Hergott and consultants Tom McCabe and Joe McTaggart, he says, “have used their experience collectively to refine and improve our plan and the data in it.” Additionally, NBDC has provided guidance to Gornell and partner Lee Fate to determine if they should seek financing through a traditional loan or through investors. Moreano says he looks forward to growing the partnership with NBDC and growing the technology center. “We’re optimistic and eager to see how our partnership with NBDC can help both large and small businesses.” 15 Fred Bronstein Mike Fahey Omaha-Area Leaders Talk Business at MBA Forum A n arts leader, a city mayor, a minority business leader and a healthcare executive headlined the 2002 MBA Leadership Series. The series, funded by the Ron and Shirley Burns Leadership Fund, invites Omahaarea leaders and executives to share their experience and perspective with students, faculty and staff in the MBA program. Dick Davis Glenn Fosdick 2002 MBA LEADERSHIP SERIES FEBRUARY Fred Bronstein, then President and CEO Omaha Symphony MARCH Mike Fahey, Mayor City of Omaha OCTOBER Dick C.E. Davis, Chairman and CEO Davis Insurance Agency, Inc. NOVEMBER Glenn A. Fosdick, FACHE, President and CEO Nebraska Health System COLLEGE OF BUSINESS ADMINISTRATION • 2002 YEAR IN REV ERKIN SAHINOZ’S two-year stint as a graduate assistant with the Nebraska Business Development Center helped him apply his education in a real-life setting, he says. “It was a great motivation to see the things you recommend to small businesses get implemented and get some good results.” His enthusiasm for his clients and 16 their businesses made him a muchappreciated asset, says Tom McCabe, NBDC Omaha Center director. “Business owners loved working with him,” McCabe says. “He has an analytical ability and willingness to go the extra mile.” In his position as a business consultant, Sahinoz helped put together an estimated $6.5 to $7 million in approved loan packages. A highlight of the experience, Sahinoz says, was working with a culturally diverse team, including colleagues from Colombia, Romania and the United States. “Everybody was bringing something different to the table and we really benefited from the team’s diversity.” 2002 graduate Erkin Sahinoz is an economic research analyst at the Federal Reserve’s 4th district branch. tradition leadership innovation Programs Dual-Degree Graduate Gladly Touts CBA People and Programs T he College of Business not only prepares wellrounded graduates, but in many cases, enthusiastic ambassadors for UNO and its programs. That’s certainly the case for Erkin Sahinoz, who earned his MBA and Master of Science in Economics in May and August 2002—and who proudly talks about the opportunities his degrees afforded him. “I’m really grateful for what I had at UNO,” he says. “The college has wonderful instructors and great academicians. I would say it’s top notch.” Sahinoz (“Shah’-hee-nose”), a native of Turkey, was eager to earn an advanced business degree to complement the Bachelor of Science degree in mechanical engineering he received at Bogazici University in Istanbul. In 1999, he and his wife Ceyda, came to the United States and enrolled at UNO. There were times when he was taking multiple courses, while also working as a graduate assistant at the Nebraska Business Development Center. He seems to have taken it all in stride. His education, he says, provided a firm foundation for the dream job he envisioned after graduation. “Ever since I came to the United States, I wanted to get my MBA and my degree in economics—and I wanted to work for the Federal Reserve Bank,” he says. “I was dreaming of it. Even during the times when I just started the MBA program, I would visit their Web site to see what they were doing at the time, what they had published.” search analyst at the Federal Reserve Bank of Cleveland. In his job, he is assigned to track, analyze and report on a variety of financial indicators, including the stock market, futures, short- and long-term interest rates, and government and corporate bonds. He also is a published author, having co-written an article, “Measures of Corporate Earnings: What Number is Best?” for the Federal Reserve’s Economic Commentary publication. The work was published in February 2003. Additionally, he writes about monetary policy and money and financial markets for Economic Trends, a monthly Fed publication. “It’s a wonderful place and an exciting job,” he says. “If you don’t know something, you have the chance to learn. It can be pretty challenging from time to time but once you learn more about something, you really enjoy it.” 17 Sahinoz says his job is a perfect match with his professional interests—and gives him an opportunity to keep growing. In his spare time, he’s studying for his chartered financial analyst degree, and hopes to someday work as an investment banker. Meantime, he’s happy working in the place he envisioned for himself and is equally happy to tout the benefits of his degrees from UNO and the College of Business. “I’m doing my best to talk with my colleagues and other people I’ve met and try to advertise the program.” Sahinoz’s dreams became reality when he applied for and was offered a position after graduation as an economic re- COLLEGE OF BUSINESS ADMINISTRATION • 2002 YEAR IN REV Submitting over $54 million in loan packages for small businesses in 2002, NBDC contributes to Nebraska’s economic growth. Nebraska Business Development Center Helps Nebraska Businesses Access Capital A 47.5% increase in commercial loans for Nebraska small businesses, to $54.6 million, built upon a 53% increase in loan application packages prepared, to 296, was the highlight of a very successful year for the Nebraska Business Development Center. Leon Milobar, associate state director of NBDC, credits the substantial increase in loan packages to intensive training of NBDC consultants, a focus on reporting activities and better marketing of NBDC services to Nebraska banks. Although 2002 was the most successful year ever in helping Nebraska small businesses access capital, NBDC has packaged more than $300 million in small business loans since 1993. NBDC loan packages include regular commercial loans as well as SBA guaranteed loans, and guaranteed loans from other federal agencies. SBA Omaha District Director Glenn Davis credited NBDC with helping Nebraska achieve fourth place among all states (behind only California, Texas and Pennsylvania) in the number of SBA Community Express loans. 18 In addition to its small business capital access activity, NBDC provides a variety of management and technical assistant to small and medium-sized businesses in Nebraska. In 2002, NBDC procurement technical assistance consultants helped 357 clients obtain more than $42 million in Department of Defense and other federal contracts. NBDC Manufacturing Extension Program engineers conducted 121 projects for Nebraska manufacturers in 2002, helping them reduce costs by $5 million. “NBDC’s staff was able to obtain such remarkable results this year through a focus on those areas in greatest need by Nebraska NBDC client-verified job creation in 2002 was 3,370 jobs and client-verified job retention was 2,719 jobs. The 2002 NBDC capital access and management assistance services provided are projected, over a three-year period, to create or retain 7,649 jobs. NBDC has service centers in downtown Omaha, north Omaha, west Omaha, Lincoln, Kearney, Wayne, Norfolk, North Platte and Scottsbluff. businesses—loan packaging, business planning, contract opportunities, and manufacturing efficiency.” Leon Milobar, assistant state director of NBDC. tradition leadership innovation NEBRASKA BUSINESS DEVELOPMENT CENTER ® Programs Jim Steier, president of the Steier Group, looked to NBDC to make sure his business and financial strategies were on target. Growing Firm Turns to NBDC for Strategic Planning Advice J im Steier already had an impressive success story by anyone’s standards. The Steier Group, the development and fund-raising consulting firm he started in 1997, had grown into an 18-employee company serving more than 100 nonprofit organizations throughout the United States. Still, he wanted to make sure his strategic direction was on target, and that the company’s business and financial operations were appropriate for a growing company. A colleague at the Steier Group recommended a visit with a Nebraska Business Development Center (NBDC) consultant. The NBDC is a cooperative program of the U.S. Small Business Administration and UNO. NBDC also is a department of the College of Business Administration. It provides startup and growth consulting to small businesses, as well as technology and business training and procurement and manufacturing assistance. “In some respects,” Steier says, “I hoped they would affirm that what I was doing made sense, but also that they could highlight some areas I could enhance or make me aware of something I simply wasn’t doing that I should think about. ant and CBA graduate student Mike Vomacka on the case. Vomacka conducted an extensive internal audit, interviewing all of the company’s employees to gather feedback and get opinions about their roles in the business. After several visits and close analysis of the organization, Vomacka put together a comprehensive report and presented his findings to Steier and the group. The report, says Steier, helped reaffirm some of his beliefs about the company as well as provide recommendations on how to address several areas of the business. The report made suggestions on leadership, training, communication and employee skill-building and provided tactical as well as strategic recommendations. Steier says the consulting and the final report have served as valuable tools. 19 “We’ve attempted to address nearly every recommendation they’ve made. We used the document as the foundation of our strategic planning sessions and incorporated all the NBDC recommendations into our current plan. It was very helpful for us.” Tom McCabe, NBDC’s Omaha Center director, put consult- NBDC Consultant Works with South Omaha Microbusinesses Pia Montoya, UNO graduate student, works for NBDC as a consultant in the Omaha service center. In addition to assisting NBDC clients with business plans, financial projections, and loan applications, Montoya teaches and facilitates microbusinesses out of the Catholic Charities Juan Diego Center in south Omaha. She is one of two NBDC consultants who are able to provide business consulting assistance in Spanish. Montoya has dual bachelor’s degrees (industrial engineering from Javeriana UniversityColumbus and finance from UNO.) She currently is pursuing a master’s degree in economics at UNO. COLLEGE OF BUSINESS ADMINISTRATION • 2002 YEAR IN REV Executive MBA Participants Explore Leadership and Team Skills at Retreat I n October 2002, the Executive MBA Class of 2004 got away from it all—and started refining their leadership and team-building skills. Sixteen participants, in their first year of the program, came together for the first EMBA Leadership Retreat, held at the Gene Eppley Camp near Plattsmouth, Nebraska. The three-day, weekend event incorporated many of the leadership training activities which previously had been separate elements in the program. “We decided to combine these activities into a retreat weekend to create a synergy among the activities and allow the students to more sharply focus on the topic of leadership,” says Curt Bayer, EMBA program director. 20 Participants found a full schedule of workshops, presentations and hands-on challenges, all designed to help them hone leadership capabilities and improve team-building skills. Activities included learning the subtleties and art of leadership communication, exposure to the means and impact of building an executive image, delving into the individual roles required for team effectiveness and their personal role preferences, and a number of physical and mental challenges, including navigating a confidence-building rope course. tradition leadership innovation Programs “Consciously or unconsciously, people took the information they learned and were able to derive a more accurate picture of their colleagues and co-workers. I think the retreat wholeheartedly took us to another level.” Many of the hands-on activities challenged students to think creatively and to rely on their colleagues to find solutions, says Sharlon Rodgers, one of the participants. “The activities really helped me look at things with a different mentality. We were challenged to accomplish tasks that, if we were given them individually, there would be no way we could do them alone. But everyone stepped up to the plate and was optimistic that we could work together as a team and use our strengths to get the task accomplished.” Rodgers says she discovered things about herself that she could apply to her day-to-day responsibilities as a service leader in the Radiation Oncology Department at Methodist Hospital. She also says that the experience has improved her professional work relationships. “It’s helped me to communicate with my team members better by giving them the information and resources they need to get a job accomplished, and by making them feel that they have my support,” she says. “I think I’ve been able to see some pretty significant changes in the team. It’s really made a difference.” When they returned to class, the participants found that they immediately put their newfound skills to work. Rodgers says she “hardly remembers” a week where the class hasn’t used the information that was presented at the retreat to help them discuss ongoing course material or interact with each other. “Consciously or unconsciously, people took the information they learned and were able to derive a more accurate picture of their colleagues and co-workers. I think the retreat wholeheartedly took us to another level.” Rodgers says everyone in the class has been eager to share information in their workplaces and apply the knowledge to improve their leadership contributions. Bayer says the weekend is an important component in building camaraderie among students, as well as for providing leadership tools. Since the retreat, he says, “We’ve seen a significant difference in how our executive students work together and relate to one another. As a result of having gone through this process, our students have become more productive more quickly in the program.” 21 COLLEGE OF BUSINESS ADMINISTRATION • 2002 YEAR IN REV Lucas Society honorees Robert J. Kreitner and Margaret A. Sova and their guests; Larry Larson; Bonnie Parr. 2002 Lucas Society Awards The fifth annual Lucas Society Awards—named in honor of Dean John Lucas—were given on October 4 at CBA’s 50th anniversary dinner. The awards recognize some of the college’s most dedicated supporters. The 2002 recipients are: LARRY LARSON 22 A UNO graduate, Larry Larson began his 32-year career in business and the public accounting profession with KPMG Peat Marwick. He was active in supporting his profession by serving as president of the Nebraska Society of CPAs and its foundation, and as a member of the governing Council of the American Institute of Certified Public Accountants. He also received the Nebraska “Distinguished Service to the Profession” award in 1988. After retiring from his firm, Larson became an “Executive in Residence” with the UNO College of Business Administration and taught for several years. He has promoted and supported CBA through committees, the Alumni Association and CBA National Advisory Board. He is also a Trustee and a President’s Club member of the University of Nebraska Foundation. ALAN PARR BONNIE PARR Dr. Alan F. Parr, a Nebraska native, received his PharmD. from the University of Nebraska Medical Center (UNMC) in 1981 and his Ph.D. in Pharmaceutical Sciences from the University of Kentucky in 1986. He and his wife Bonnie, a graduate of the University of Kentucky’s College of Business and Economics, live in North Carolina. Through planned giving, the Parrs have established two scholarship funds, one to benefit the UNO College of Business Administration, the other to benefit the UNMC College of Pharmacy. The uniqueness of these scholarship funds is that they will provide for assistance to nontraditional students, including daycare, cost of living, and computer costs. tradition leadership innovation ROBERT J. KREITNER MARGARET A. SOVA Following four years in the U.S. Coast Guard, Robert Kreitner attended UNO on a football scholarship and earned undergraduate and master’s degrees in business in 1972 and 1973. In 1974, he earned a Ph.D. in business from UNL. Margaret Sova earned her bachelor’s and master’s degrees at UNO in 1972 and 1973. The couple married in 1973. Kreitner taught management at UNO, UNL, Western Illinois University, Arizona State University, and the American Graduate School of International Management (Thunderbird). After earning an MBA from Arizona State, Sova joined Intel Corp., where she has worked in a wide range of human resource product and project management positions for the past 19 years. Kreitner is an Emeritus Professor of Management at Arizona State and a member of the College of Business Faculty Hall of Fame. He presently devotes his time to revising his bestselling management and organizational behavior textbooks. Sova’s passion for adventure travel has taken her around the world from Mt. Kilimanjaro to Macchu Pichu in the Peruvian Andes. The couple has established the Robert Kreitner Scholar Athlete & Margaret A. Sova Scholarship Fund, which supports student-athletes in the UNO College of Business Administration and College of Education. Honors & Recognition 2002 Distinguished Alumni Achievement Awards Annually, we honor the professional accomplishments and community involvement of a select group of alumni. The 2002 honorees are: Ivan Gilreath Vice President of National Accounts Mutual of Omaha Gilreath received his Bachelor of Science in Marketing from UNL in 1982, and an MBA from UNO in 1989. Previously at Mutual of Omaha, he served as vice president of national PPO programs and also in underwriting and product development capacities. Gilreath has served on the board of directors for the Urban League of Nebraska, Butler-Gast YMCA, and Owens Education. He was chosen to serve on the Omaha Public Schools Desegregation Task Force, was co-chair of the 1996 and 1997 Urban League of Nebraska Annual Dinners, and was chair of the Butler-Gast YMCA Black Achievers Program. Gilreath is a 1997 graduate of the ICAN-sponsored FOCUS program. He was awarded the “Living the Dream” award by the City of Omaha in 1999. Gilreath currently is president of the Midwest Trailblazers mentoring and basketball organization, where he serves as head coach and mentor of 37 young men and women as well as numerous Trailblazer alumni. He also serves as a business advisor to UNO business students and is an adjunct professor at Bellevue University. Rod Heng AssurancePartner KPMG LLP Heng is a native Omahan, who after serving in the U.S. Army, graduated with a BSBA in accounting in 1974. After graduation, he joined the staff of Peat Marwick, Mitchell and Company (later KPMG LLP) and has been with the company almost 29 years—including seven years in the Portland, Oregon, office. Throughout his career, he has served public and private clients in manufacturing, agribusiness and energy fields. His responsibilities in Oregon and Nebraska have included heading KPMG’s Middle Market practice and its Manufacturing, Retail and Distribution practice, and participating in many initial public offerings. He also has been involved in numerous acquisitions, mergers and financings for his clients. Heng has received the KPMG Chairman’s Community Involvement Award for the Midwest. This award reflects his extensive involvement in organizations such as the Child Saving Institute as a foster parent, and in its crisis center program. He serves on the CBA National Advisory Board and on the boards of Jesuit Middle School, Madonna Rehabilitation Hospital Foundation, INROADS of Nebraska and Western Iowa, and College World Series of Nebraska, Inc. Joseph Kirshenbaum President Noddle Development Company 23 Kirshenbaum received a Bachelor of Science in real estate from UNO in 1953. After two years of military service, he was employed as an appraiser for the U.S. Corps of Engineers, Missouri River Division. From the late 1950s to early 1960s, he served as the chief appraiser for the Douglas County Assessor’s Office, and later opened and managed the Omaha branch office for Real Estate Research Corporation, a national appraisal and market research firm. In 1972, he joined his current partner, Harlan J. Noddle. For 30 years, Kirshenbaum has concentrated in property management, construction and financing for the company—including developing more than 85 shopping centers in 16 states, comprising over 85 million square feet of retail space. He belongs to the International Council of Shopping Centers and is a member of the Board of Arbitrators of the National Association of Securities Dealers. Kirshenbaum is a former director of the Omaha Real Estate Board, and the UNO Alumni Board. He also has served as president of Beth Israel Synagogue and president of the Jewish Federation of Omaha. For 15 years, he has taught courses in real estate at UNO. COLLEGE OF BUSINESS ADMINISTRATION • 2002 YEAR IN REV CBA 414 Foursome Handles Dean’s Office Responsibilities with Ease R oskens Hall 414 is the hub for all things related to the College of Business Administration. Four key figures who work in the Dean’s Office suite keep things moving smoothly—with inside operations, program details and CBA events. Sue Bollich, Mary Landholt, Lex Kaczmarek and Alice Wills make up this foursome, and consider themselves not only co-workers, but friends and a true team. Three of the four have worked together for more than 14 years; Wills joined the team in 2002, but was a student worker in the office for the previous four years. 24 In addition to handling their respective job responsibilities, the team often is charged with organizing special events and coordinating publications for the college. Each year, they work together to make sure events such as the spring honors ceremony, annual Distinguished Achievement Awards luncheon, Lucas Society banquet, and MBA speaker series come off as planned, to the smallest detail. They’re enthusiastic ambassadors for the college, and serve as a visitor or caller’s first impression. But it’s all in a day’s work, they Their value to the Dean’s Office and to the college is evident in many ways, says Associate Dean Louis Pol, but especially in their ability to seamlessly handle any request, answer a question or create a report—often, all at the same time. say. “We all enjoy helping people, whether it’s “They have their work cut out for them all of the time,” Dr. Pol says. “The thing that impresses me maybe more than anything else is how dedicated the staff is. There’s a sense of community and responsibility among them collectively that’s just amazing.” UNO grow and develop into a great institution. students, faculty or friends of the college,” says Sue Bollich. “We’re proud of our college and this university and have enjoyed watching It’s truly a wonderful place to work. Sue Bollich Lex Kaczmarek Sue Bollich serves as assistant to Dean Stan Hille. Lex Kaczmarek serves as the MBA program director, Besides keeping him on task with a busy schedule, she assists department chairs with the many and the student advisor to all MBA candidates. The program has grown significantly since she joined deadlines associated with faculty evaluations and reappointments. She also handles the personnel CBA after earning her MBA from UNO in 1989. In 2002, 119 students graduated with their MBA. paperwork for everyone who works in CBA, from faculty to student workers. tradition leadership innovation Honors & Recognition 25 The CBA dean’s office staff and MBA program staff (clockwise from top): Alice Wills, Mary Landholt, Lex Kaczmarek, and Sue Bollich. Mary Landholt Alice Wills Mary Landholt is the assistant to Associate Dean Alice Wills serves as Lex Kaczmarek’s assistant. Since graduating with a BSBA in banking and finance Louis Pol. She also works with classrooms scheduling, the CBA scholarship program, and makes purchasing and travel arrangements for everyone in the college. Landholt also serves as the primary event planner and office decorator—bringing a touch of each season to the suite. in 2001, Wills has easily moved into her new role. She’s the initial point of contact for every student in the MBA program and a source of information for students interested in earning an advanced degree. COLLEGE OF BUSINESS ADMINISTRATION • 2002 YEAR IN REV Faculty Honors DEAN HILLE RECEIVES RHO EPSILON REAL ESTATE HONOR The alumni chapter of UNO real estate honorary Rho Epsilon named Dean Stan Hille its 2002 Honoree of the Year. The award is given to an individual who has advanced and perpetuated the standards of service, knowledge and integrity in the field of real estate. John Bredemeyer, president of the alumni chapter and president of RealCorp, says Dean Hille was an apt choice for the award. “Dr. Hille’s commitment to excellence can be seen in his dedication to the College of Business and particularly to the Real Estate department. He has given his time and support to our effort to fund an Endowed Professor of Real Estate. An endowed professor will assure that future students who want to pursue a study of real estate will have the opportunity.” CBA PROFESSOR CO-AUTHORS LEADING HUMAN RESOURCES TEXTBOOK 26 Dr. Robert Mathis, professor, Department of Marketing and Management, has co-authored the 10th edition of Human Resource Management (© 2003, Thomson-Southwestern College Publishing). The textbook is used in several hundred universities across the United States as well as internationally, for junior-, senior- and graduate-level studies. The publication is the largest-selling human resources text in the U.S. In addition to its use in business, healthcare and other education courses, the book is a popular resource for human resources professionals studying for their certification examination. Dr. Mathis’ co-author is John H. Jackson, a professor of management at the University of Wyoming. ECONOMICS CENTER CO-DIRECTOR AND DEPARTMENT CHAIR WINS VILLARD RESEARCH AWARD Dr. Kim Sosin, Department of Economics chair and co-director of the UNO Center for Economic Education, was the 2002 recipient of the Henry H. Villard Research Award, given by the National Association of Economic Educators. The award recognizes outstanding contributions in economic education research. Dr. Sosin’s innovative work in using technology to teach and learn economics has earned her and the UNO Center for Economic Education a respected reputation around the world. She has developed and grown EcEdWeb, the center’s Web site (http://ecedweb.unomaha.edu) which received more than a half-million visitors in the past year. tradition leadership innovation Currently, Dr. Sosin is working on a cooperative research study, funded by the Andrew W. Mellon Foundation, on how technology can be used to improve the teaching and learning of economics. PROFESSORS’ RESEARCH RECEIVES DISTINGUISHED PAPER RECOGNITION Department of Marketing and Management professors e and Dr. John Anstey received distinDr. David Ambrose guished paper recognition for their presentation, “The Common Crises of Entrepreneurial Enterprises – Revenue Fluctations” at the 2002 Association for Small Business and Entrepreneurship Conference in St. Louis. Their research examined the impact of revenue fluctuations on small businesses and what happens when the month-tomonth changes occur without anticipation or explanation, says Dr. Ambrose. “The more radical the change, the more difficult the business’s response,” he says, “whether it’s not enough inventory or employees, or not enough time in the day to handle demands.” The professors have incorporated their findings into their business consulting efforts and consider the study a fundamental part of their business discussions, one that has implications for larger companies as well. CBA PROFESSOR RECEIVES UCR RESEARCH FUNDING AWARD Dr. Weiyu “Wendy” Guo, assistant professor, Department of Finance, Banking and Law, was awarded funded research time by the UNO University Committee on Research (UCR) for her project, “Volatility in the September Soybean and Soybean Meal Futures Options Market: Evidence for 1991-2000.” Her research was an outgrowth of a faculty-in-residence program with the Economic and Research Department at ConAgra Foods in Summer 2000. Traders at the company were interested in data that could potentially help them forecast volatilities within certain commodity options—and if implied volatility patterns were seasonal. The UCR grant awarded Dr. Guo assigned research time funding during the 2002 fall semester to investigate the issue and compile her findings. She says the time “was extremely valuable. It allowed me to develop the research into a manuscript before the data became outdated,” and provided substantive data that potentially could help the futures traders. Honors & Recognition A young Professor Jack Hill in a 1956 UNO yearbook photo, a year after he joined the CBA faculty. Former Management Chair Makes CBA History During 34-Year Career W hen former colleagues speak of Dr. Jack Hill as a professor in the best “old school” tradition, it’s both a figurative and literal compliment. The long-time management professor, and one-time management department chair, was part of the faculty team who taught under inaugural dean John Lucas in the 1950s and 1960s. Dr. Hill joined the newly christened College of Business Administration (previously known as the University of Omaha Division of Business Administration) in 1955. He was one of a group of 12 faculty members charged with developing the college and providing a strong curriculum foundation for future business leaders. It was an exciting time, he says, to be part of “something that was growing. We had things to do and places to go.” Working with Dean Lucas, says Dr. Hill, was a highlight of his career. “He set a tone of integrity and wanted to go first-class. He was quite a gentleman.” Colleague and former law and society professor Dr. Frank Forbes describes Dr. Hill as a favorite teacher at CBA. “He took time to talk with students. Jack insisted that his department’s faculty maintain office hours,” he says, in order to give students an opportunity to ask questions outside of class time, get advice or discuss concerns. “He was a good mentor to young faculty members,” remembers Dr. Louis that “really changed our lives.” Dr. Jack Hill, former Department of Marketing and Management professor and chair (right), with wife Marty and Dr. Bob Bernier, assistant dean and NBDC state director. Pol, who shared an office suite with Dr. Hill after arriving in the mid-1980s. “Jack was one of those folks who you knew would always be open, available and very collegial. You could ask him a question and you’d get an honest answer.” Dr. Hill also was a professor who demanded much of himself, his fellow faculty and his students—a quality that helped build high standards for the college and prepare students well for careers after graduation. During his career, Dr. Hill served as one of the first UNO Faculty Senators, and was a president of the Omaha chapter of the American Association of University Professors. In 1976, he was part of the faculty team that went to Afghanistan to teach business courses to local professionals. It was, he says, one of his best professional memories, and a trip He retired after 34 years in 1989 and was named an Emeritus Faculty member—but still worked to share his knowledge of business and management for years after that. Beginning in 1992, he and wife Marty traveled to Romania several times as part of a UNO business education program. He also continued to play a part in the college’s curriculum, helping craft lecture material for faculty members and contribute to faculty publications. 27 Officially retired today, he and Marty— married 58 years—enjoy traveling with the Elderhostel program and spending time with their five children and many grandchildren. DR. HILL DETAILS CBA HISTORY IN 50TH ANNIVERSARY DOCUMENT Being a part of the college’s history gave Dr. Hill a unique ability to make history in another way. He researched and wrote the official historical document for CBA’s 50th anniversary in 2002—a project that included many hours of interviews with UNO and CBA personnel, as well as intensive research of university documents. View the CBA history Dr. Jack Hill prepared at http://cba.unomaha.edu/history/ index.cfm COLLEGE OF BUSINESS ADMINISTRATION • 2002 YEAR IN REV THE COLLEGE OF BUSINESS ADMINISTRATION makes it a priority to continually develop and nurture international partnerships. These global alliances help us bring our knowledge of American business to countries seeking information about economic development. In turn, the partnerships give us a perspective on the people and programs in other nations, and help us better present information to our students and our business community. Accounting Professors Participate in Moldovan Faculty Exchange Program Dr. Dmitru Oprea receives a Doctor of Humane Letters degree from UNO Chancellor Dr. Nancy Belck. A United States Agency for International Development (USAID) project funded the program in the Republic of Moldova, created to promote accounting practices reform. UNO and AESM have a cooperative relationship in auditing and accounting areas that is designed to promote economic development in the European country and share market-economy. 28 Dr. Jack Armitage, chair and professor of the Department of Accounting and Dr. Richard File, accounting professor, served as visiting faculty at AESM. Their three-week stay enabled them to teach classes at the academy, participate in meetings on accounting curriculum and attend meetings with Moldova Ministry of Finance officials. In turn, four AESM professors came to Omaha for six weeks in June and early July. The professors attended summer session classes, participated in department meetings on accounting curriculum and classroom materials and visited local CPA firms and companies. During their visit, they were joined by the dean of accounting at AESM and the deputy director of the USAID project. Dr. Armitage returned to Chisinau in July to help develop government regulations for a new law that will regulate auditors in Moldova. “Under the previous Soviet system,” he says, “there was little licensing of accountants and auditors. These new laws will create a new standard within their government to evaluate professionals’ credentials and assess their competency.” Dr. Jack Armitage, front row, second from right, and Dr. Richard File, far right, with AESM faculty in Chisinau, Moldova. tradition leadership innovation Dr. Kim Sosin and Mary Lynn Reiser, center front, with a group of Ukrainian educators who visited in October 2002. International Connections Ukrainian Educators Experience American Civics Firsthand Romanian University Leader Receives Honorary Degree A group of Ukrainian high-school teachers had the opportunity to see American civics in action, as part of a visit to the United States and Omaha in October 2002. Rector Dumitru Oprea, head of Alexandru Ioan Cuza University in Romania, was awarded a Doctor of Humane Letters degree from UNO in August 2002. The event celebrated the leader’s long-term partnership and friendship with the University, and recognized his achievements in creating a small business development center in his country. Nine teachers from the Cherkasy and Kirovohrad regions of Ukraine were part of the Partners in Education (PIE) program, a joint project between the UNO Center for Economic Education and the UNO Center for International Studies. This was the second time that UNO was awarded a PIE grant and a chance to expose a new group of educators to the American teaching model, says Mary Lynn Reiser, associate director for the UNO Center for Economic Education. “Because they were under the Soviet system so long,” Reiser says, “many of the lesson plans and teaching activities on market economies we presented were new to them. This experience gave them an opportunity to share the information with others back home and put an emphasis on professional development.” During their stay, the group met with CBA and area high-school faculty, observed classrooms around the area and participated in home stays with host teacher families. “I used many examples from my experience in Omaha,” reports Natalia Obshtyr, an English teacher at the Cherkasy Lyceum of Humanities and Law. “In every lesson, I teach my students to be tolerant, patient and respectful toward other people—and to assure them that good knowledge is terrific, but to be a good person and citizen is vitally important.” The relationship between UNO and Cuza University dates back to 1986, when the two schools became sister universities. In 1991, CBA received a grant from the United States Information Agency to provide assistance to Cuza University’s Faculty of Economics and Administration as they worked to transition to a free-market economy. As part of the project, Dr. Robert Bernier, Nebraska Business Development Center director and CBA assistant dean, and Leon Milobar, NBDC associate state director, helped create a small business development center— the Romanian-American Center for Private Enterprise Development (CRADIP). Dr. Oprea was named the CRADIP director. Together, he and the UNO team worked to develop and expand the center. Though it was one of several small business development centers created to serve the country, today it is the only surviving center. In 1996, Dr. Oprea was named dean of the Cuza University Faculty of Economics; four years later he was elected rector of the university. “Dr. Oprea,” said Bernier, “is both an accomplished administrator and an accomplished scholar who has provided UNO students and faculty with the opportunity to grow in their under- standing of Central Europe and, as a result, their understanding of the process of building a free market economy in formerly command economy nations.” CBA Faculty Serve on International Faculty at Finnish University In April 2002, Dr. Graham Mitenko, a professor in the Department of Finance, Banking and Law, spent a month as a faculty member at the Helsinki School of Economics satellite campus in Mikkeli, Finland. His participation is part of an ongoing relationship between CBA and the Helsinki school. Over the past several years, several CBA professors have served on the faculty. 29 The MBA-level program is uniquely structured. Courses are offered in several flexible, two-week modules, covering a semester’s worth of topics in a short amount of time. The program invites faculty from leading universities around the world to spend several weeks as visiting professors. “It’s an intensive program,” says Dr. Sufi Nazem, professor in the Department of Marketing and Management. “They offer an American type of business curriculum and ask for professors in certain areas of expertise. Most of the teaching faculty come from the United States.” Before teaching a course in corporate finance, Dr. Mitenko spent time studying the Finnish economy and becoming acquainted with their imports and exports and their culture. “It was a delightful teaching experience and a delightful place to be,” he says. Most of his students were from Finland; another third were from a variety of countries in Europe and Asia. COLLEGE OF BUSINESS ADMINISTRATION • 2002 YEAR IN REV 2002 INTERNSHIPS Businesses throughout the Omaha area and beyond find eager, responsible interns at CBA. In return, our students earn valuable experience to apply to their education and make equally valuable connections in the business community. Our thanks and appreciation to those who hosted interns in 2002. ACCOUNTING AIR FORCE AUDIT AGENCY BRAD KUIPER, STATE TREASURER Jeff Slobotski CONAGRA EVERGREEN CUSTOMER LAWN AND LANDSCAPING C.H. ROBINSON Brian Mongar CASSLING DIAGNOSTIC FIRST DATA RESOURCES Jillian Young Megan Knaub CINTAS H&H CHEVROLET Melissa Stueckrath Steve Cho, Dan Falcone DOGSLED PUBLISHING HANCOCK & DANA, PC Benjamin Rempe Jennifer Kleinschmit DOUGLAS THEATRE CO./ TWIN CREEK 16 THEATRE HEALTH CARE INFORMATION SYSTEMS AND MEDI-BILL SYSTEMS Michelle Manthei Cari Reiff Ryen Lubbe FIRST NATIONAL BANK OF OMAHA HIKE LANDSCAPING Penny Joens Sandy Derby FIRST NATIONAL MERCHANT SOLUTIONS KABOUREK TISCHER (KTMG) Brian Durow Sarah Showalter FIRST OF OMAHA MERCHANT PROCESSING MUTUAL OF OMAHA Jennifer Lodes CONAGRA Kevin Foral, Ana Palancica, Jamie Winterboer Kristine Thompson Xiaoyan Feng, Daniel Goebel, David Kurcz, Paula Martens, Tina Ziska GERICO MARKETING SERVICES, INC. FRANKEL ZACHARIA, LLC NEBRASKA FURNITURE MART Stacey Bolte, Steve Calabrese, Jennifer Rosenthal AMERISTAR CASINO Kristine Hosier, Carrie McAdams CAMPBELL & COMPANY Alissa Manvitz, Kristan Lankton EIDE BAILLY, LLP, CPAS Shamala Nadason DOUGLAS COUNTY WITNESS AND VICTIM PROGRAM Stephanie Kruse FIRST NATIONAL BANK Michelle Gablenz Kyle D. Anderson Courtney Harms, Maudie Lymayoung INVEST FINANCIAL CORPORATION NORTHWESTERN MUTUAL LIFE GREAT WESTERN BANK & TRUST Joseph Kass Audrey Sturm Mathew Callahan MASS MUTUAL FINANCIAL NOUVELLE EVE GULFSTREAM AEROSPACE Angela Cwach Michele Brandl Stephen Kroft MORGAN STANLEY OLD CHICAGO HOOTERS Kevin Foral Kari Ramaekers LeAndra White Katie Knapp FUTURE FOAM, INC. MORGAN STANLEY-FREIMUTH ORIENTAL TRADING COMPANY ICON GRAPHICS Kazue Hamer Caryn Conway Kristen Lacy, Jarod Lane Julie Williams GORACKE, RITTERBUSH & PIOTROWSKI, LLP, CPAS MUTUAL OF OMAHA PHARMACEUTICAL TECHNOLOGIES IMMORTALRECORDS.COM Drew Fischer, Camas Lubberstedt Krystal Brizendine Dan Cinotto Clare Morris NORTHWESTERN MUTUAL LIFE PINK GRADING, INC. KETV/CHANNEL 7 HEALTHCARE MANAGEMENT SOLUTIONS Zach Scribner Amy Reuter Bryan Krumveide PENTAGON FEDERAL CREDIT UNION PRIORICARE STAFFING SOLUTIONS KNOLLS GOLF COURSE Shane Melrose Jennifer Hopkins Steve Seitner JIM JANDRAIN, CPA Antoinette Green, Erika Valantour, Sarah Zeluf RIDGETOP HOLDINGS L&M CONSTRUCTION CHEMICALS Tara Allred PRUDENTIAL FINANCIAL Jakob Wilson Juliana Alvarez, Mindi Struck LARSEN AND ASSOCIATES Tasso Sideris SKUPA ENTERPRISES LAWLESS DISTRIBUTING Tracy Grell QA3 FINANCIAL Joseph Skupa Pierre-Emmanuel Darrigues LUTZ AND CO., PC, CPAS Corina Bunu SPORTS & IMPORTS AUTO SALES LOZIER CORPORATION Patricia Rupp SECURITY NATIONAL BANK/ROCKBROOK Jon Dabelstein Christian Nunez OMAHA NEON SIGN COMPANY Thomas Bloomquist STATE FARM/GARY OLSEN MAIL MARKETING Tim Rush WADDELL & REED FINANCIAL SERVICES Audry Kelling Rocky Henkel OMAHA STEAKS INTERNATIONAL Rachel Volnek THE GRILL HOUSE MARK MARKUSON III CONSTRUCTION Christine Baker Justin Markuson UNION PACIFIC OMAHA BEEF FOOTBALL Pat Cloonan UNMC Emmett Gatson Tracy Preister Olga Pisareva OMAHA CHILDREN’S MUSEUM UNO ATHLETICS Lucila Silva Eddie King OMAHA ROYALS BASEBALL CLUB U.S. DEPARTMENT OF JUSTICE Rose Swenson Carrie Baxter OMAHA WEEKLY WERNER ENTERPRISES Jennifer K. Ethen Christopher Rath, Brea Roubal, Ben Smith WEST CORPORATION OMNIUM WORLDWIDE Jennifer McCune FIRST NATIONAL BANK Steve Shepard FIRST NATIONAL BANK MERCHANT SOLUTIONS Tara Kotlarz PETER KIEWIT SONS, INC. MANAGEMENT Ranae Gardner 1 CHOICE PERSONNEL PHILIPS MANUFACTURING CO. Tiffany DuRae Jamie Nichols ADAMS, INC. PRIORICARE STAFFING SOLUTIONS Stuart Kazor Wendy Strader ALEGENT HEALTH/BERGAN MERCY SCHWARZ & ASSOCIATES, CPAS John Dillingham Brad Peal ALLIED NATIONAL, INC. ST WELLS FARGO BANKS Stephanie Geiger Adriana Pina APAC CUSTOMER CARE Jennifer Valasek Ellen Vulje Ann Jareske WEST OMAHA GLASS OPPD ECONOMICS BEHAVE’N DAY CENTER CHICAGO WHITE SOX BASEBALL ORGANIZATION Theresa Foley, Amy Scherer Adam Rosauer Cheryl Mascarello GREATER OMAHA CHAMBER OF COMMERCE CHRIST COMMUNITY CHURCH Aaron Pfeifer, Ioulia Sheveleva Chris Cantoya MERRILL LYNCH CONAGRA/ARMOUR SWIFT ECKRICH Joel Wane Luis Vizuette ABM ENTERPRISES CORNING REVERE Sonia Neira FINANCE, BANKING AND LAW Corinna Osterfoss AUSTAD’S GOLF STORES A.G. EDWARDS AND SONS ENTERPRISE BANK L.C. Comine Patrick Voss BANK OF NEBRASKA Christopher Van Erdewyk tradition leadership innovation CENTRIS FEDERAL CREDIT UNION Corey Hahn Brea Roubal WEST TELESERVICES CORPORATION PENTAGON FEDERAL CREDIT UNION Michaela Young Laci Ainsworth PLAY IT AGAIN SPORTS MARKETING Sasha O’Connell James O’Connor SILVERSTONE GROUP Nicole Beaman STATE FARM/OLSON Sheila Staiert THE BENEFIT GROUP Beverly Zaruba UNO ATHLETICS WELLS FARGO INSTITUTIONAL BROKERAGE AND SALES MBA CANDIDATE INTERNSHIPS Alexandra Petersen UNO OUTDOOR VENTURE CENTER David Brisson COMPAQ COMPUTERS Matt Lodholz ZAISS & CO. Kim Yangsook UNO WOMEN’S SWIM TEAM Jacquelyn O’Keefe DATA TRANSMISSION NETWORK Florentin Marc Alexandra Peterson UNION PACIFIC REAL ESTATE Courtney Clayton HOMESELLERS ASSISTANCE, INC. VECTOR MARKETING Matt Lyons Johann Johnson REALCORP SAM & LOUIE’S NEW YORK PIZZERIA Hanako Asahi WALGREENS Elda Tartari Rebecca Stuelpnagel 2002 SCHOLARSHIPS Dozens of our alumni and friends have chosen to make an investment in the future by funding a CBA scholarship. Thank you to everyone who contributed to the college’s scholarship funds in 2002. If you’re interested in establishing a scholarship or contributing to an existing fund, please contact the University of Nebraska Foundation in Omaha at (402) 595-2032, or call the CBA Dean’s Office at (402) 554-2599. RON AND SHIRLEY BURNS LEADERSHIP SCHOLARSHIP MASTER OF BUSINESS ADMINISTRATION SECURITIES AMERICA MBA SCHOLARSHIP Neil Archibald, Hayk Ghlijyan, Kristin Stubbe Aaron Bearinger, David Gland, William Goodman, Heather Kuehn, Emerka Igbokwe, Joseph Watson DAIN RAUSCHER SCHOLARSHIP UNION PACIFIC MBA SCHOLARSHIP Patricia Bradner Julie C. Alcorn, Jennifer Broderick, Vayalthrikovil Najeeb DECCA SCHOLARSHIP REAL ESTATE AND LAND USE DELAINE AND DOROTHY DONOHUE TALENT SCHOLARSHIP Megan Stodden ECONOMICS CCIM SCHOLARSHIP Michael Moustakes ACCOUNTING Gregory M. McGillivray 1 YEAR ACCOUNTING SCHOLARSHIP JAMES C. HOREJS SCHOLARSHIP FIRST NATIONAL BANK HUMAN RESOURCES SCHOLARSHIP Edward Shawn Hamilton Bradley Allen, Chad Panzer HOLLIS AND HELEN BARIGHT FOUNDATION SCHOLARSHIP ADMIS SCHOLARSHIP* BUN SONG LEE SCHOLARSHIP Lindsey Eblen Brandy Eaves Greg Kubert ED BELGRADE SCHOLARSHIP WAYNE HIGLEY/ DELTA SIGMA PI SCHOLARSHIP BARBARA O. MILLER MEMORIAL SCHOLARSHIP–GRADUATE STUDENT Rebecca Stuelpnagel Stacey Amburgey, Rebecca Little Jennifer Rosenthal Nick Caniglia ST ERNEST H. KENYON SCHOLARSHIP IN ACCOUNTING Lindsay Kallemeyn Matthew Lyons Brandy Nelson Amanda Peterson NEBRASKA SOCIETY OF CPAS SCHOLARSHIP Carl Cowan, Emily Johnson, Lindsay Kallemeyn, Jennifer Rosenthal Bruce Moritz CLAIRE PARKER/PHI DELTA GAMMA* Jodi Infante Julie Alcorn FINANCE AND BANKING RICHARD E. PRINCE MEMORIAL SCHOLARSHIP Robert Benecke UPLAND INDUSTRIES SCHOLARSHIP Kazue Hamer, Adriana Pina OUTSTANDING BUSINESS FINANCE STUDENT SCHOLARSHIP ORA C. AND FRED B. VOMACKA MEMORIAL SCHOLARSHIP Shayla Schroeder Stacey Amburgey, Brianne Blomenkamp, Patricia Brandner, Carl Cowan, Kazue Hamer, April Harris, Kristine Hosier, Emily Johnson, Rebecca Little, Jennifer Lowther, Lindsay Kallemeyn, Shelly Milan, Jeffery Miller, Adriana Pina, Brad Peal, Jennifer Rosenthal, Andrew Willey, Angela Younglove, Lina Xie HORACE WU AND KATE KING WU SCHOLARSHIP Xiaoyan Feng, Ying Liu * given by Accounting department FINANCIAL EXECUTIVE INTERNATIONAL SCHOLARSHIP Rachel A. Volnek J.M. HARDING/OPPD AWARD OF EXCELLENCE SCHOLARSHIP Steven L. Zemanek M.C. BIGGERSTAFF MEMORIAL SCHOLARSHIP BARBARA O. MILLER MEMORIAL SCHOLARSHIP–SENIOR BARBARA O. MILLER MEMORIAL SCHOLARSHIP–JUNIOR Michele Brandl, Tiffany DuRae, Diana McHale R. CRAIG HOENSHELL LEADERSHIP AWARD Brandy Nelson R. CRAIG HOENSHELL SCHOLARSHIP AWARD JIM BURCHELL SCHOLARSHIP Julie Gohr, Ayesha Graves, Angela Leonardo, Bruce Moritz DAN CARY YOUTH FUND SCHOLARSHIP IN REAL ESTATE R. CRAIG HOENSHELL TALENT AWARD Jeremy M. Morong Alicia Gonzales C. GLENN LEWIS SCHOLARSHIP James deMontjoye JOHN A. AND PHYLLIS S. JETER SCHOLARSHIP MID-CONTINENT CHAPTER SCHOLARSHIP Rebecca Little Danielle S. Pancoast SAM AND DORIE LEFTWICH TALENT SCHOLARSHIP MORTGAGE BANKERS ASSOCIATION OF AMERICA GRANT Christina Hiller, Jeanine Kernen, Danielle Pancoast, Stephen Seitner OMAHA AREA BOARD OF REALTORS SCHOLARSHIP ® Breanna Madison, Ashley Weidner FRANK L. MANSELL SCHOLARSHIP Nick Adams, Jamie Anderson, Erin Bluml, Bruce Moritz NEXT GENERATION LEADERSHIP SCHOLARSHIP AWARD/MAMMEL FAMILY FOUNDATION FINANCE, BANKING AND INSURANCE EXCELLENCE IN EDUCATION SCHOLARSHIP Jason Hansen, Michael McGlynn Laura H. Hellerich, Christina Hiller, Kristie Petersen GENERAL COLLEGE OF BUSINESS ADMINISTRATION SCHOLARSHIPS Ashlie Manns, Carliss Moore MERRILL LYNCH SCHOLARSHIP TAL ANDERSON/ BAXTER CHRYSLER SCHOLARSHIP Darcy Draper Nathan Warnock Jennifer Kim Jessica Barron, Jennifer Patten, Gregg Weiss LAW CBA STUDENT AND FACULTY EXCELLENCE/ MAMMEL SCHOLARSHIP Adam Schreck Laci Ainsworth, Marcy Bluvas, Lynn Campbell, Justin Farivari, Veronica Lerch, Spencer Lombardo, Jennifer Lowther, Ryan Mattson, Michael Miller, Jessica O’Connor, Megan Stodden, Ellen Stupfell, Nathan Warnock, Stacie Werner, Karla Woods DEAN JOHN LUCAS MARKETING SCHOLARSHIP CHARLES AND GLORIA BILLINGSLEY SCHOLARSHIP LUCILLE GANNON SCHOLARSHIP Jordan Lashmett MARKETING JOHN AND GAIL HAFER SCHOLARSHIP Sunshine Rodgers GARY PENISTEN TALENT SCHOLARSHIP DAVID RAYMOND TALENT SCHOLARSHIP NATAN AND HANNAH SCHWALB SCHOLARSHIP FUND Thuong Nguyen, Tiffany Nowlin JOHN AND MARY SCHLEIGER SCHOLARSHIP Melissa G. Moreno UNION PACIFIC SCHOLARSHIP Patricia Bradner, Kristine Hosier, Jarod Lane, Cara Mason, Thomas Murphy, Nicholas Sabatka, Sarah Zeluf John Loeffler COLLEGE OF BUSINESS ADMINISTRATION • 2002 YEAR IN REV tradition leadership innovation tradition leadership innovation Please listen for a call this summer or autumn from the University of Nebraska Foundation on behalf of the UNO College Fund. The College Fund raises unrestricted dollars that can be designated directly to the UNO College of Business Administration. Funds designated to the UNO College of Business Administration provide scholarships, research support, equipment, and programs for faculty and student enrichment. Your contribution to the College Fund helps provide to UNO CBA that margin of excellence. NON-PROFIT ORG U.S. POSTAGE PAID OMAHA NE PERMIT NO. 301 COLLEGE OF BUSINESS ADMINISTRATION Roskens Hall 414 6001 Dodge Street Omaha NE 68182-0048 The University of Nebraska is an affirmative action/equal opportunity institution.