Read the transcript. - College of Business & Public Administration

1State of the College Address – August 20, 2008Nancy A. Bagranoff, DeanCollege of Business and Public AdministrationThank you, David. Good Afternoon! Welcome to our fifth annualState of the College of Business and Public Administration(CBPA) address and reception. This morning, John Broderickdelivered a very nice and quite short State of the Universityaddress. I’m afraid I won’t be quite so brief. I’m not teaching thissemester and this is my only opportunity to deliver a lecture!I would like to thank members of our Executive AdvisoryCouncil, generous donors, college faculty and staff, ActingPresident Broderick, Provost Simpson, President-Emeritus JimKoch, Irvine Hill, President of the Economics Club of HamptonRoads, and other distinguished guests for joining me here today.We are so pleased to have you with us to learn about ouraccomplishments and plans. Bob Boyd and Luke Hiller,respectively the Chair and Vice-Chair of our Executive AdvisoryCouncil were very disappointed not to be able to come today.However, we do welcome back Bruce Bradley who served asChair from 2003 – 2007.As always, I’d like to thank:• Associate Dean, Ali Ardalan, Assistant Dean ConnieMerriman, and the college’s department chairs, areacoordinators, graduate program directors, and committeechairs for their help in leading our College this past year.• More thanks to the Dean’s Office staff, Tarsha Turner,Katrina Davenport, Mary Beth Dale, and Carlisa Merrittfor their work on today’s event.

2• And, finally, many thanks to University staff whosupplied me with data, in particular, Mike Dugan, RickMassey, and Penny Pickel.I’ve now completed five years as Dean of the College of Businessand Public Administration. In some ways it seems like yesterday,yet in most ways it feels as though I’ve been here all my life.Quite a lot has happened during the past five years and, while thisreport is generally a review of the past year, in some ways todayI’ll be describing the accomplishments of the past five years.SLIDE ON GOOD TO GREAT When I first arrived, I wasinterviewed by Bill Choyke, Editor of the Business section of theVirginian Pilot. He asked me if I was going to take the schoolfrom Good to Great. I told him that while that was a niceaspiration, I felt that Good to Better was more realistic. Thecollege had been hard-hit by three years of budget cuts and facultywere concerned about their impact, our focus, and our ability toeven maintain accreditation. Today I think I can safely say thatwe have very much accomplished Good to Better. While we stilldon’t have all the faculty resources we need, we sailed through ourAACSB maintenance of accreditation (didn’t seem like sailing atthe time) and acquired at least some of the resources that willensure our future. Our strategic plan is working and has set us ona course. So today if Bill Choyke asked me if I was planning tolead us from Good to Great, my answer would be “yes.”In going through this year’s State of the College address, I willrecap the past year (and in some cases the past five years) and Iwill be talking about some of the concepts in Good to Great.

3Our strategic plan is set to expire in 2010. This means that in Fall2009, we will need to begin anew to create a strategic plan for thecollege. The timing should work well for us in terms of theuniversity as ODU’s new President will no doubt also bedeveloping a plan at that time. This plan will continue us alongthe path we began in 2003, and will include our strategies forbecoming great.So, as in the past, I will summarize our accomplishments for theyear using a Scorecard tied to the nine goals (which are based on aBalanced Scorecard approach because we do try to practice whatwe teach) we identified in our 2005-2010 Strategic Plan. I’ll thentalk about our plans for the coming year. The goals in ourStrategic plan concern the people and processes that make up ourCollege. The first two goals relate to students.Goal One - Improve qualifications of incoming students inundergraduate and graduate programs.There are three elements to building a better business school, or agreat one. They are students, faculty, and programs/processes.Undergraduate admissions are at the university level but to enterour college, students do need to earn a grade of C in four corecourses. Our college does set student admission standards for ourgraduate programs. GRAD STATS SLIDE We track these eachyear in our CBPA Scorecard and you can see the data on yoursheet. There has not been any large movement in scores, but weare generally satisfied with the quality of our graduate studentpopulation.Enrollments in the college and university are increasing, withsome degree programs and majors gaining students and others

4seeing decreased interest. One shift in enrollment is that we haveseen a decline in declared majors and an increase in intendedmajors. This is likely a result of the four C’s policy mentionedearlier. The total for graduate and undergraduate, both intendedand declared majors was 3,533 headcount in Fall 2007.We have many terrific students and evidence of this is the numberof students winning awards and the quality of those awards.SHOW TARGET AWARD WINNER SLIDE Here are someexamples:• The CBPA Students in Free Enterprise (SIFE) team wasnamed a SIFE USA Rookie of the Year, based on theircommunity outreach projects during the 2007/2008academic year.• Old Dominion University’s Epsilon Lambda Chapter ofAlpha Kappa Psi was recently awarded the “Shield ofUnity” for commitment and dedication to the organizationwhile maintaining 100% membership retention. Theaward was presented at the AKPsi annual Success Instituteconference in Atlanta.• Fourteen students were inducted into the Honor Society ofBeta Gamma Sigma, an international honor societyrecognizing the outstanding academic achievements ofstudents enrolled in collegiate business and managementprograms accredited by the Association to AdvanceCollegiate Schools of Business.• Eleven students were inducted into the Honor Society of PiAlpha Alpha, the national honor society that recognizesacademic achievement in the field of public affairs andadministration.• The accounting student fraternity, Beta Alpha Psi,achieved Superior status for the second year in a row.

5• In April, a total of 46 College of Business and PublicAdministration students were inducted into The HonorSociety of Phi Kappa Phi.• As shown on the slide, a team of CBPA students earnedfirst place in a case study competition sponsored by Target.Several individual students won particularly noteworthy awards.• SHOW DOHERTY SLIDE Amanda Doherty was selectedby the Board of Regents of the Eno TransportationFoundation to participate in the 16th annual Eno LeadershipDevelopment Conference in Washington, DC. Selection forthe Conference is highly competitive. According to Dr.Wayne Talley, he has submitted student applicants for theEno Leadership Conference several times in the past;however Amanda is the first from ODU CBPA to beaccepted. The fact that Amanda was able to competesuccessfully for a space at the 2008 Conference speaks veryhighly, both for Amanda and for the CBPA Port & Maritimeprogram.• Brandi Blessett, PhD student in Public Administration andUrban Policy was chosen to represent ODU at the VirginiaCouncil of Graduate Schools’ Graduate Research Forum inRichmond. Her presentation was entitled “AssessingCommunity Needs to Coordinate NeighborhoodRevitalization Initiatives.”SHOW TUNNICLIFFE SLIDE And by the way – speaking ofstudents and awards – we are absolutely delighted that AnnaTunnicliffe, one of our former students, a double major inaccounting and decision sciences, has just won a gold medal atthe Beijing Olympics!

6Alumni of our college also validate that we provide a greateducation. Many of our graduates have had or are havingsuccessful careers. This year, we are particularly proud of agraduate of our MBA program. SHOW BETSY DUKE SLIDEHERE Betsy Duke received her MBA in 1983 and since thattime she has had a very successful career in the bankingindustry, most recently as COO of Towne Bank. She was thefirst female President of the American Bankers Association.Last year we were thrilled when she was nominated for a seaton the Federal Reserve Board. She successfully went throughSenate hearings and then waited. It looked for a while asthough she was a victim of politics, as she was the appointee ofa lame duck President. However, just a few weeks ago, the callcame, and Betsy was officially sworn in on August 5. Wecouldn’t be happier for her and for us! Betsy was recently oneof our Executive in Residence speakers and served on thecollege’s Executive Advisory Council. I have a feeling we’ll behaving her back here a few more times.Goal Two - Improve numbers of placements in jobs andgraduate schools.Our second goal is to improve placement of our students. Thepurpose of a Scorecard is to highlight areas for improvement.Please look at the chart for Student Internships. SHOWINTERNSHIP SLIDE If you ever want proof that Strategic Planswith scorecards and accountability work, this chart provides it.Last year we had some disappointing data in this Scorecard,internships were down significantly. This is known in Good toGreat language as “confronting the brutal facts.” After viewingthe data, I met with Tom Wunderlich and Penny Craig-Pickel.Tom agreed to provide more resources to Career Management inthe college. We also made some changes to processes and Penny

7worked more closely with faculty and businesses in a concertedeffort to ensure more quality internship experiences for ourstudents. The results are quite clear. Last Fall, internships wentway up, and that trend continued this spring and summer.THANK YOU, Career Management for your efforts.Career Management also continues to enhance its services. Thereare more job fairs than ever, including specialized job fairs,etiquette dinners, Senior Scramble, Speed Networking, and ourConstant Hall Partners reception. Penny is working with MBAstudents to create a specialized MBA career event, and we aretrying to enhance the services to graduate students in general.This fall, we are also beginning a new admission requirement forundergraduate students. To be admitted to the College of Businessand Public Administration, each undergraduate must present aCareer Management Center approved resume. We are veryexcited about this initiative, believing that it will get studentsthinking about careers when they start their business education,rather than just before graduation.A challenge for us has always been tracking our graduates andlearning more about their employment success. We are about toexperience one success. Thanks to Connie Merriman and ShannaWood, the university is changing the Graduate Satisfaction surveyin ways that will help us collect the data we need about ourstudents. We also are working with Institutional Research todevelop a graduate alumni survey. These are great developments.Goal Three - Increase college endowment and operating funds.One of the most important parts of our strategic plan involvedincreasing our financial resources. We selected executive

8education and development as the two sources on which we wouldfocus. With respect to endowment, the college endowment hasgrown from about $6 million five years ago to more than $15million. We have also increased our annual giving, throughinitiatives such as the Constant Hall Partners Program. This yearwe added ADS and Dominion Resources to our Constant HallPartners list. SHOW CHP SLIDE As we have done the past twoyears, we have also solicited Constant Hall Partner funds frommembers of our Executive Advisory Council. That bodycontributed more than $11,000 this past year.There were several notable major gifts this year:• Bruce R. Heymann, a 1983 graduate of the accountingprogram, gave $25,000 for an accounting scholarship. Heis the Chief Operating Officer at Medical Solutions, inChantilly, VA.• Doug and Marianne Dickerson (Doug is an alumni of thecollege and Marianne graduated with two degrees fromODU in childhood education and counseling), created anendowed $25,000 scholarship.• Dennis McLaughlin, SHOW SLIDE OF DENNIS analumnus, and staunch ODU supporter, gave the college agift of $100,000. We used this important funding forseveral purposes. $25,000 will go towards promotion andmarketing of graduate programs in the college. We alsodirected $25,000 of Dennis’ gift to create a CBPAEndowed Study Abroad scholarship. Our mission is to beinternational and we are increasing the number ofopportunities for students to participate in Study Abroad

9tours such as our Tour of the Ports of Europe. I hope thatDennis’ international study endowed scholarship will beone of many that will ensure that more ODU students getto have an international experience. Finally, $50,000 ofthe McLaughlin gift went to endow the McLaughlinFaculty Fellow. Remember Good to Great – Jim Collinssays you must get the best people on the bus. I’ll talk moreabout that later. But keeping them on the bus is one of thebiggest challenges in colleges like ours today. Businessand Public Administration faculty are in great demand. Toretain faculty, last year we created an accounting facultyfellow endowment, to which many of Hampton Roads’accounting firms have contributed. The McLaughlinfellow will be competitive for any tenure track facultymember in the CBPA. The fellowship endowments will beat the $250,000 level. I am very pleased to announce thatin addition to the seed money for an accounting andMcLaughlin Fellow, the college also received $500,000from the Education Foundation as a matching gift to createtwo Haislip-Rorrer Faculty Fellows. These Fellows willbe named and each will receive annual salary supplementsof about $10,000. This Fall, the CBPA Promotion andTenure Committee will accept nominations for these twoFellows. The Fellowships are for three years and may berenewed. It is my hope to continue to find donors so thatwe may create many more of these and that these programswill help us to keep our most accomplished facultymembers.• The ODU Education Foundation, in matching gifts to theuniversity by Wally Haislip, alumnus and former SeniorVice President Finance and Operations for Scientific

10Atlanta, also provided the college with $250,000 to start aStudent Managed Investment Fund. Charlie Turner,Economics, and Mohammad Najand were bothinstrumental in helping to establish this fund. The fundwill be managed by students who take a finance course,FIN 497/697 Student Managed Investment Fund. Manyschools have established similar funds, which providestudents with a terrific learning opportunity as theymanage real funds and work with financial professionals asadvisors.• Another exciting gift is coming to us from NorfolkSouthern. They have been a Constant Hall Partner sincewe started the program and have shown an interest in andsupported our Maritime and Supply Chain Managementprograms. This spring they pledged $150,000, to be givenover a five year period, to support the Constant HallPartners program, our Maritime and Supply Chain major,the Port Management MBA track, and the MaritimeInstitute.Goal Four - Increase the CBPA Executive Development CenterRevenues and ProfitsThe Executive Development Center had a very good year,showing a significant increase in revenues over FY 06/07.Revenues last year topped $700,000, as can be seen on yourScorecard. Most of this, about $550,000 was from publicprograms, which were responsible for the bulk of the growth. Thiswas primarily from the GMAT review course and GovernmentContracting. The Center continues to be profitable, generatingapproximately $80,000 in excess reserve for FY 07/08.

11SHOW MIKE DUGAN SLIDE Michael Dugan joined the Collegeas Director of EDC in March of this year. Mike has an MPAdegree from Harvard’s Kennedy School of Government and hebrings with him experience from executive education positions heheld at Loyola University in Chicago and the Gas TechnologyInstitute. Michael’s focus will be on generating new businessthrough growing the contract training business and offering newpublic programs here on campus. With Michael pursuing newopportunities Shelia Powell and Pamela Cornell can focus onmarketing existing programs and maximizing revenues fromcurrent course offerings.Despite his brief time here he has already become activelyinvolved with several Hampton Roads business organizations andhas been calling on major employers in the area. He has alsobegun working with Wayne Talley on developing a maritimeconference next year and is working with Doug Ziguenfuss tooffer a Controllers Conference this fall. Additionally, the EDCwill be offering a three-day seminar in October on Finance for theNon-Financial Manager, with plans for two more public programsin the spring.Nineteen full-time CBPA faculty and six of our adjunct facultyparticipated in Executive Education during the past year - anotherincrease over the previous year. As EDC programs continue togrow and expand, we hope faculty participation will continue toincrease as well. Faculty should have already received a surveyfrom Michael Dugan regarding your interest in participating inEDC programs as both faculty and consultants. Mike hasexpressed, as his philosophy, that he wants the EDC to growfinancially, but also to use these programs as a vehicle to

12showcase our faculty to the Hampton Roads business, governmentand military communities. I couldn’t agree more!The only cloud on the horizon regarding growth in this importantnon-credit area is the state of the economy, which has adisproportionate negative impact on corporate training budgets.Goal Five - Maintain or increase high quality of classroominstruction.Adjunct faculty are great teachers, but we also know we need asolid core of academically and professionally qualified full-timefaculty who actively participate in the life of the college on a dayto-daybasis, in order to achieve excellence in instruction. Thecollege currently has 70 full time tenure-track faculty and 20Instructors. We work to hire our faculty from other top schoolsand try to get the right people on the bus. SHOW RIGHTPEOPLE ON THE BUS SLIDE Advice from Good to Great is tokeep looking if you don’t think you have the best candidates. Wehave always done that in this college. We don’t mind a failedsearch because we know a hiring decision can stay with you forthirty years.We have received a few additional full-time positions in the pastfive years, and each one is cherished. In AY 2007/08 we gailed anadditional full-time tenure track faculty member through theVirginia Modeling and Simulation Center, although the position ishoused in our Department of Information Technology andDecision Sciences. We were delighted that we received fundingfor two additional faculty members in the budget for this year. Weare proceeding to hire one of these faculty members for AY2009/10. While we know that the state economy means there arelikely additional budget cuts coming, we’re hopeful that theimpact on our academic resources will be minimized.

13We are also fortunate this year to have hired a position throughdonor funds. This is the Robert M Stanton Chair in Real Estateand Economic Development. We also hired new faculty to fillvacant positions. The new full-time faculty joining us this yearare (I know you were introduced earlier, but allow me to do itagain for this audience - Please stand as I call your name):New Faculty Highest Degree Came fromMohammad Alkadry Ph.D. in 2000 at Florida West VA Univ.(Uspa)Atlantic Univ.Nana Amoah (Acct) Ph.D. in 2008 at MorganStateAaron Arndt (Mktg) Ph.D. in 2008 at Univ. ofOklahomaSridharan Krishnaswami MBA W&M 1968(Mg)Jim Lant (Mgmt) MPA in 1994 at ODUJohn Lape (IS)MS Op Res NavalPostgraduate SchoolMichael Seiler (Fin) Ph.D in 1997 at Hawaii Pacific Univ.,Cleveland State Univ.Larry Seese (Acct) Ph.D. in 2000 at Univ. of East Carolina Univ.South CarolinaJuita-Elena Yusuf (Uspa) Ph.D in 2007 at Univ. ofKentuckyIndiana Univ. (FortWayne)In addition to our new faculty in business and publicadministration, we also welcome several faculty to the militaryleadership program. The Army’s ROTC program falls under theCBPA with respect to academic programs and we love havingthese fine people on our team. Three new instructors this yearwho will be involved with the Military Science program are CPTErin Harkins, who has been assigned as the Battalion RecruitingOperations Officer; CPT Philip Griffin, Assistant Professor ofMilitary Science; and MAJ Michael Summers, Executive Officer.We do have external validation of our quality of instruction, in theform of teaching awards. SHOW FACULTY AWARD SLIDE

14• Last year we noted that one of our faculty had won the A.Rufus Tonelson Outstanding Faculty award from theUniversity Alumni Association. I never would havedreamed that our college would win it two years in a row,but Dr. Barbara Bartkus, Associate Professor ofManagement, did it. She has previously won the College’sTeaching Award and was named University Professor in2005.• Our college also claimed the university’s Teaching withTechnology award. Professor Lynn Johnson, Instructor ofManagement, won that award, largely for the creation of aweb-based course for Management 350 EmployeeRelations.• John Ford, Professor of Marketing, won a DoctoralMentoring award from the university, in the inaugural yearof the award, for the impact he has had on doctoralstudents in marketing.• And, this past year was an especially big one in terms ofvalidating our outstanding teaching, because the collegehad our first State Council of Higher Education in Virginiaaward winner – Professor Shaomin Li. I always like to putthis accomplishment in perspective by noting that, by mycalculation, there are likely about 15,000 university/collegefaculty members in Virginia, and this award is given to justtwelve of them!Our doctoral students also teach and are doing a great job. BorisAbbey, SHOW ABBEY AWARD SLIDE a PhD student inBusiness Administration, specializing in Finance, won theUniversity’s 2007/08 GTA Award for classroom teaching.Goal Six - Increase high quality research.

15Faculty research is important in any university and in our college,we especially value high quality research. Sometimes faculty andothers see research as a “numbers game,” but we stress qualityover quantity. That said, we had 97 instances of faculty authoredrefereed journal articles this year. More telling, in keeping withthe quality goal, are many of the journal outlets. SHOWJOURNAL COVER SLIDE This slide shows some of thejournals in which our faculty published this year. We don’t as acollege, maintain a journal ranking list. There are many factorsthat help us to evaluate the quality of a refereed journal article, andthe parameters of the journal such as acceptance rate, quality ofthe editorial board, and perception by peers are a few of them. Wejust finished our CBPA Administrative Retreat and we talked atlength about how our college evaluates research. YourDepartment Chairs will share our discussion with you in facultymeetings this fall. Let me encourage each faculty member to talkto your chair (or me!) if you have any questions about researchevaluation in the college. It is our intent to maintain fair and openevaluation processes. I assigned “homework” for the retreat andour Chairs and Area Coordinators did a Best Practices review offaculty performance evaluation systems. I think we all came awayfeeling that while there can be improvement to our own system, itis definitely one of the better ones we reviewed.Back to research…Faculty in the college also published threebooks this year, and there were almost too many conferenceproceedings to count. We continue to have a very active faculty interms of service on Editorial Boards and in Associate and Chiefeditor-ships.One of our biggest success areas in research this year concernedexternal grants. College faculty proposed more than $1,000,000,

16and grant dollars funded were in excess of $500,000. What isespecially encouraging is that there were a variety of faculty fromseveral different departments involved in those proposals, whichwere to Eastern Virginia Medical School, St. Louis University, theNational Science Foundation, and the city of Virginia Beach. Lastyear we reported that Professor Harris Wu in informationtechnology (IT) is Primary Investigator on $700,000 in fundingfrom the National Science Foundation. His success has inspiredothers, hence two other faculty members in the IT discipline wroteproposals this year to the National Science Foundation.Earlier I mentioned teaching awards our faculty won. We alsoreceived some notable research recognition. Dr. John Ford andDr. Anusorn Singhapakdi, professors of marketing, have beenrecognized as “prolific authors” with respect to publications ininternational business journals, in an article titled “Prolific authorsand institutions in leading international business journals” (Xu, S.;Yalcinkaya, G.; and Seggie, S., 2008, Asia Pacific Journal ofManagement, 25:189-207). Additionally, Old DominionUniversity is ranked #17 (tied) on the list of universities with themost prolific international business scholars.International business has long been a focus area for the college;it’s in our mission statement. Therefore you can imagine ourdelight when a faculty member who was introduced last year atthis event as a new hire, won the Richard N. Farmer OutstandingDissertation award from the Academy of International Business attheir annual meeting in Milan, Italy. SHOW SLIDE OF AJAIProfessor Gaur’s thesis is titled “Essays on Strategic Adaption andFirm Performance during Institutional Transition.” Thisachievement is more proof that we are getting the right people onour bus.

17Goal Seven - Increase services to profession and community.People outside universities probably believe that faculty spendalmost all of their time teaching and doing their research. Those“line duties” do usually take up the majority of our time, but wealso spend time in “staff or service roles.” This is especially trueat state schools such as Old Dominion University where quite a lotof the governance and many service activities, including studentcareer advising, student mentoring, and management of studentorganizations require faculty time. As an example, Professor PaulChampagne is serving his third term as Chair of the Faculty Senateat Old Dominion University. As he noted this morning, he seemsto be called to this duty every time ODU gets a new President!In addition to the significant levels of service given by faculty touniversity, college, and departmental committee work, our facultyalso are quite active in their professional organizations and in thelocal community. Let me describe a few of these activities.Last year we emphasized the editorial duties of our faculty. Wehave quite a number of editors, associate editors, and editorialboard members. Editorships and the reviews of scholarship areone way we serve our professional community. There are otherprofessional organization roles our faculty occupy as well.Professor John Ford SHOW SLIDE OF JOHN has long beenactive in the Academy of Marketing Science and this year willserve as President. John has been active in this organization formany, many years, as track chair for conferences, organizing theirdoctoral consortium, and so on. The Academy of MarketingScience (AMS), founded in 1971, is an international organizationconcerned with creating and disseminating marketing knowledge.The organization publishes the Journal of the Academy of

18Marketing Science and holds several meetings, including anannual research conference, the AMS World Marketing Congress,and Cultural Perspectives in Marketing.I am also undertaking a leadership role in a professionalassociation as President-elect of the American AccountingAssociation. I’ll become President for AY 2009/2010. This isgoing to be a very challenging role but I want to make it very clearto you that I intend to use this volunteer position to enhance mywork at ODU and in no way will I allow it to distract me fromleading our college.• Professor John Morris has been a program track chair forthe annual American Society for Public Administration(ASPA) conference, and has an appointment to acommittee of the National Association of Schools ofPublic Affairs and Administration.• Donald McNatt, Assistant Professor of Management helpsthe Academy of Management by serving as Treasurer tothe Organizational Behavior Division ExecutiveCommittee.• Professor Bill Judge coordinated the doctoral consortiumfor the International Management division at the meetingsof the Academy of Management.• Professor John Doukas, in addition to his many editorialduties, has also been a member of the program committeefor the European Financial Management Associationmeetings for the past three years.Our faculty, staff, and students, also provide service to theHampton Roads community. SHOW BAP SLIDE For example,our Beta Alpha Psi students recently completed a community

19service project in Anaheim California at the organization’s annualmeeting, where they joined 1000 other accounting students toclean undergrowth out of a borrow pit to create a nature park.Please notice the caption on their tee-shirts, which was the themeof the Beta Alpha Psi meeting! Here are also some examples offaculty and staff community service:• Professor Samuel Coppage is a board member of theNorfolk Sister City Association and is also on the board ofTidewater Community College.• Professor and President Emeritus Jim Koch is on the Boardof Eastern Virginia Medical School and the Board of theMacArthur Foundation. As I’m sure you all know, he is agifted speaker and made more than 48 speeches last year,mostly about the State of the Region’s economy.• Assistant Professor Donald McNatt is a Scoutmaster forBoy Scouts of America.• John Ford, in addition to his work for the Academy ofMarketing Science has also done volunteer work for anumber of Hampton Roads organizations, includingWHRO, Athletic Club - Norfolk, and the VirginiaSymphony.• Mike Walker, the college’s Major Gift Officer, is on theBoard of REACH (Reading Enhances All Children).• Often our internal roles result in external service to theHampton Roads Community. A good example iseconomics Associate Professor Charlie Turner. ProfessorTurner has advised the Students in Free Enterprise (SIFE)team this past year. Through SIFE, he provided a minieconomyproject for a local elementary school and workwith Junior Achievement to help education elementaryschool classes about business and the economy.

20• Martha Hoffler, Senior Lecturer in economics, is on theBoard of Equalization in Suffolk.• Sheila Powell, Corporate Programs Director for theExecutive Development Center is a Board of Directorsofficer for the Alzheimer's Association of SoutheasternVA. She is also a member of the Central Business DistrictAssociation (Virginia Beach) and past board member andcurrent member of ASTD Southeastern Va. chapter.• Doug Ziegenfuss serves on audit committees for BonsSecours Hampton Roads, City of Virginia Beach, andNorfolk Public Schools.Too, there are many examples of our outreach services toHampton Roads businesses and business leaders, including theEconomics Club of Hampton Roads. SHOW JIM KOCH SLIDELast year we had more than 300 members of this group and hadeight luncheon speakers. We also added a new event last year,giving the first Economic Impact award to Senator Paul Sarbanes,for his co-sponsorship of the Sarbanes Oxley Act of 2002. Thisyear we will be hosting this award event on February 26, 2009 andthe award will be given to Arthur Levitt, the longest servingChairman of the Securities and Exchange Commission.Goal Eight - Align curriculum and centers with CBPA mission.Our mission statement has several important components. Theoverall mission, “to support the economic development ofHampton Roads” has led us on a path to greatness as it has helpedus to focus on developing niche areas that match with theeconomy of Hampton Roads. One such emphasis has been on realestate. A few years ago we named the EV Williams Center forReal Estate and Economic Development and started a $4.5 millionfund raising campaign for the center. The campaign was

21completed and this past year we successfully hired Mike Seiler asour Robert M Stanton Chair of Real Estate and EconomicDevelopment. We have continued to grow our Market Reviewand expand the offerings of the EV Williams Center under thecapable leadership of Professor John Lombard.Real estate is an important economic sector in Hampton Roads,eclipsed perhaps only by military-related enterprises and businessand industry associated with the Port of Virginia. Hampton Roadsis a major distribution center and a vital node in the global supplychain. SHOW SUPPLY CHAIN LOGO SLIDE As I like to say,it’s the Port, stupid. You could also say, “It’s the water, stupid.”After all, Anna Tunnicliffe didn’t get a gold medal for skiing –rather for sailing! And, as ODU’s own economics forecastingteam noted in today’s Virginian Pilot, “One bright spot in theHampton Roads economy is the continued growth in maritimetraffic.”Fifteen years ago, ODU’s College of Business and PublicAdministration recognized the importance of our port by creatinga Maritime Institute. The leaders at that time also established aMaritime and Port Management concentration within the MBAprogram – the only one of its kind. This focus is an area in whichwe can truly be “best in the world.” It is also a niche area forwhich many of us have great passion, another ingredient you needto become great. Just get Wayne Talley or Sarah Russell talkingabout TEU’s or short-sea shipping and you’ll see what I mean!We introduced our undergraduate major in Maritime and SupplyChain Management in Fall 2006 and now have more than 30majors. We are continuing work on a proposal for a GlobalLogistics EMBA program. There have been many synergies andby-products from focusing on this area, including a growth in our

22student Propeller Club membership to 50. We will continue todevelop our programs and reputation in this niche, with a goodchance to become best in the world at Supply Chain Managementeducation with a maritime emphasis.Our mission statement includes the words “global” and “ethics.”Each year, we try to add an additional activity or focus on theseemphasis areas in a different way. This year we signed aMemorandum of Understanding with Shanghai MaritimeUniversity and worked on developing relationships with otheruniversities in Asia. Many of our faculty traveled overseas andgave lectures at universities outside the US. SHOWGLOBETROTTING FACULTY SLIDE These include JohnDoukas, Shaomin Li, Ling Li, Mike Stein, Li Xu, Wayne Talley,and others. An example of such an experience is that of ProfessorSteve Maurer, who was a visiting lecturer at Hong KongPolytechnic University’s School of Business. (And by the way, todemonstrate how small the world of academia has become, I mightmention that the Dean of the business school at Hong Kong Poly,Judy Tsui, has met with four of our faculty this year, includingme! Professor Maurer was extended an invitation to serve asvisiting lecturer in recognition of Dr. Maurer’s outstandingpublishing record. While there, he delivered lectures on the topic“Publishing in Top Tier Journals” to doctoral students and juniorfaculty in the business school.On another international note… We’re also delighted that theCollege of Business and Public Administration and publisherWiley-Blackwell are co-sponsoring the first annual “ResearchSymposium on Corporate Governance in China and India.” Thesymposium will be held October 24-25, 2008 at the SheratonHotel Oceanfront in Virginia Beach. The symposium was

23developed by Dr. William Judge, CBPA E. V. Williams Chair ofStrategic Leadership and editor of the Wiley-Blackwell journalCorporate Governance: An International Review.Ethics is another word prominently included in our missionstatement. Our students completed work on a Student Code ofEthics. We have sent an email to students asking them to adopt itand we intend to continue to email them until we haveendorsement messages from 1000 of them!For several years we’ve offered the Landmark Executive-in-Residence program, a lecture series for students framed aroundethical leadership. SHOW EIR SLIDE Last year, as we have donefor three years, we brought four speakers to campus. This comingyear our students will hear from Greg Lumsden, recently retiredVice-President of Countrywide, Admiral William Fallon, recentlyretired Commander of the US Central Command, Bruce Bradley,President Landmark Publishing Group, and Melissa Buffington,Senior Vice President, Gaylord Entertainment. What all of theseexecutives have in common is that they are ODU alums – ourfavorite kind of Executives-in-Residence. Each year we try toenhance this series in some way and this past year we added anEntrepreneurship Panel. The panel members were alumni of thecollege and Mike Walker, our Major Gift Officer, organized it.We intend to repeat this or a similar event again this year.Goal Nine - Increase opportunities for faculty and staffdevelopment.We believe it is vitally important to support our faculty and staffso that they can do the best work possible. As a result, the collegeuses a large portion of gift funding to support travel anddevelopment opportunities. This is important in so many ways.When a faculty member “gives a paper” at a conference, he or she

24is able to obtain input that can improve their work. At the sametime, they’re sharing their work and making ODU’s name known.Attending a conference is also a great way to find out what facultyat other schools are doing, sometimes in terms of teaching, and inother cases cutting edge research.We are trying to be visible in the global academic community asmuch as possible. We have also invested in our doctoral students.We send them to present papers, helping them obtain jobs athighly ranked colleges and universities. We also support them forteaching training also, and this year had four doctoral studentsattend the Teaching Institute in Williamsburg.Many of our staff members are engaged in development projectsand several of them are pursuing degrees. These include AdrienneGiles, Mark Harris, and Carlisa Merritt. Our Assistant Dean,Connie Merriman has been pursuing her doctorate in HigherEducation and has just completed her coursework.In Conclusion…According to Jim Collins, it’s First Who and Then What… Thewisdom of Good to Great is that you get the best people on thebus and then work on your plans. We have some great people onour bus (well, keeping with our Maritime theme, let’s make that aship), and we can now plot our path to great.I would now like to take a moment and acknowledge some peoplewho left the bus this year. SHOW SLIDE OF RETIREESBecause the university offered an early retirement incentive, wehad a rash of retirements and said goodbye to Professors LouHenry, Otto Martinson, Bruce McAfee, Len Ruchelman, and

25Taylor Sims, shown here at a retirement reception we held forthem in May.The two panels on the back of the scorecard showaccomplishments this year and plans for next year. Theaccomplishments are, indeed, “selected.” We have many, manyaccomplishments by groups and by individuals that we can’t listentirely. Interestingly, this year’s scorecard has just one smallbullet point about obtaining maintenance of accreditation byAACSB. We did do that successfully this year and it tookthousands of hours by all of us to get through it. Yet, such is life,once we got past it, we quickly moved on to other projects andgoals.Good to Great suggests setting Big Hairy Audacious Goals.SHOW BHAG SLIDE HERE These goals should be set at theconvergence of the things you are passionate about, can be best inthe world at, and there should be identified economic drivers. Asnoted, we do have an opportunity to be best in the world in supplychain management with a maritime focus. This will be an ongoinggoal for the coming year. It doesn’t mean we won’t do otherthings, many of which relate to our mission and some that don’t,but it does mean that I hope we will continue to focus on this areaand work to be great. Specific objectives and plans for 2008/09are on the scorecard and are shown here. SHOW GOALS SLIDE• Develop Asian Study Abroad Port Tour for Summer 2010• Continue development of a Global Logistics EMBA program• Continue development of changes/enhancements to core MBA program• Award two Haislip/Rorrer Faculty Fellows• Students adopt the CBPA Student Code of Ethics• Start Student Chapter of Society for Human Resource Management(SHRM).

26• Implement IT track in PhD program in Business Administration.• Add an MBA Career event and begin additional data collection ongraduates• Raise funds for additional Faculty Fellow endowments and add additionalConstant Hall Partners• Begin offering course for Student Managed Investment Fund• Work towards GREAT!SHOW LAST SLIDEIt’s been a great year and a terrific fiveyears. I look forward to working with all of you as we now strivetowards greatness. And – my apologies to anyone whoseachievement I did not recognize today. We do so much that it’simpossible to catalogue it all. A general thank you andcongratulations, though, to everyone who has worked so hard tobuild a better business school. I do believe we can be a great one.As you start your year, I think it would be helpful to approach it assuggested by Randy Pausch, the Carnegie Mellon Professor whorecently reminded us to value every minute.“Pausch’s gift was reminding us if we put relationships, first,discover and pursue passions and appreciate the good in others,karma takes care of itself.” Per Va Pilot 072908The Adjunct faculty meetings will follow the reception. Pleasemeet your Department Chair afterwards to find out where you aremeeting. Also – you will be given a CBPA annual report as youleave today. It’s hard to put into words how much work goes intocreating that document and making sure that it’s ready for today –this is mostly due to the perseverance of Connie Merriman and weare also grateful to Victoria Burke in University Publications. Wehope you’ll enjoy it!