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Walsh’s New School of BusinessBuilding the Bridgefrom College to CareerFaced with an ever-changing businessenvironment, a growing global economyand access to instant information, today’sbusiness students must be able to handlemarketplace demands. Employers aredemanding that business schools betterprepare students for the complexities of thebusiness environment by emphasizing skills inleadership, team building, conflict resolutionand ethics.Just like any good business, education toomust adapt and change to meet the needs ofits customers. Realizing this, Walsh Universityannounced in January plans to convert thecurrent Division of Business, Economicsand Communication into a full-fledged,comprehensive School of Business. This planwill become a reality in fall of 2008. TheSchool of Business will focus on developingleaders through a curriculum that is bothrelevant and integrated. Alumni from boththe University and School of Business willserve as the connection between the classroomand the business community. Throughthese collaborations, students will combinereal world experience with coursework thatoperates across disciplines.Since the announcement in January, Walshfaculty and staff have focused on definingthe School’s mission. They are currentlysurveying employers’ needs, reviewingassessment techniques and solidifyinglearning partnerships. One change willinclude moving the communications degreeprogram under the umbrella of the Division11of Humanities for fall 2008. In addition,Dr. Ronald G. Fountain will become Deanand Dr. Carole Mount has been namedAssistant Dean of Accreditation, Assessmentand Curriculum of the new business school.Dr. Fountain joined Walsh in 2003 asa Professor of Management and MBACoordinator of the Medina Campus. Hecontinues to teach classes at Medina and onmain campus. He also is the ManagingPartner at Capital Acceleration Partners,LLC, a management consulting and investmentfirm in Cleveland, OH. For the past twelveyears, he has served in various academic andadministrative roles at Case Western ReserveUniversity’s prestigious Weatherhead Schoolof Management. Dr. Fountain has a 47-yearcareer as a finance and management executiveand an entrepreneur. He is a Weatherheadalumnus of the EDM, EMBA and ProfessionalFellows Programs and was honored as thatschool’s 1996 Outstanding Alumnus.The current Division of Business andEconomics Chair, Dr. Carole Mount, willassume the new role of Assistant Dean ofAccreditation, Assessment and Curriculumfor the School of Business. She joinedWalsh in 1987 and has served as Chair ofthe Division of Business, Economics andCommunication for the past 11 years.Under Dr. Mount’s leadership, the Universityhas already started accreditation proceduresfrom The Association to Advance CollegiateSchools of Business (AACSB). A total of 504business schools in 28 countries, representingthe top 15% of the world’s business schools,have been accredited by AACSB International.During the accreditation process, WalshUniversity will be visited and evaluated bybusiness school deans with detailed knowledgeof management education, applyingaccreditation standards that are widelyaccepted in the educational community.AACSB International is the longest servingand largest global accrediting body forbusiness schools.The new School of Business will formallyaccept its charter class in the fall of 2008and will include undergraduate andgraduate MBA fields of study.“Challenges we face in business todayare so fast paced that it’s more abouthow you can think, not merely whatyou know. Today’s complex problemsrequire us to integrate information frommany areas to solve. Function followsform. I am pleased that Walsh has”recognized this need for integration.Miles Free, Walsh MBA StudentDirector, Industry Research andTechnology Precision MachinedProducts Association
“The move to a formal business schoolis a positive move not only for thestudents but especially for the livesthey will influence. The values andprinciples that are taught at Walsh willbecome known to more people as ourgraduates have access to increasedemployment and advancement”opportunities.Don Caster ‘72President and CEORaisin Rack, Inc.Collaboration is the KeyBy Dr. Ronald Fountain, Dean, Walsh School of BusinessI am pleased to accept the position andresponsibility of becoming Dean for thenew School of Business. Although we usethe word “new,” we are truly building onthe strength of the foundation alreadyestablished by the Division of Business,Economics and Communication. It is asign of success that this move is necessaryto accommodate the continued growth ofthe importance of business education. Thisgrowth is also a testament to the commitmentof our faculty, staff and students to remainrelevant to meeting both alumni andemployers’ needs, as well as acknowledgingevolving global demands.It is said that individuals process moreinformation in 24-hours than the averageperson would process in a lifetime centuriesago. To prepare students to thrive in thischanging environment, we must move pastthe notion that schools can teach everythingevery student needs to know to be successfulin their careers. Higher education today isforced to place less emphasis on the amountof memorized facts and more weight onknowledge connections. The key termhere is “integration” the ability to integratetechnical knowledge into constantly shiftingeconomic and social contexts. Our studentsmust realize that as managers they will makemistakes, but mistakes alone are not failures.Only those errors we refuse to learn fromare failures. It is the combination of theability to learn with the willingness to actaccountably that makes a manager or leadertruly successful.The Walsh School of Business willconcentrate on producing leaders armedwith not only specialized business skills butalso cross-disciplinary knowledge. We willaccomplish this through a solid collaborationwith the marketplace. It is our goal to createa learning community that connects Walshstudents with local business managers,business school alumni and alumni fromother disciplines as well. Through real worldsituations, students will be exposed to newexperiences that foster ethical behaviors aswell as the ability to identify problems andfind solutions.Conditions in the world are changing rapidly.There are surprises in every marketplace thatyoung business leaders of all ages will beexpected to confront and address. That istrue even though many of those challengescan not yet be identified. The next generationof business leaders must be prepared with theskills to appropriately deal with immediatecrises and their indirect effects. Examplesthat come to mind are those of anotherHoover Company closing, Enron or 9/11.Adaptability will be a core requirement forthese young managers if they are to succeed.Our collaboration with local businessleaders and alumni will focus on applyingclassroom knowledge to real-life problems.Students will graduate as highly integratedwalsh timessummer 2008
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