Management - Welcome to Aqua Design

PortfolioTheManagementWachovia Foundation Gives $1 Million to CollegeContinuing its longstanding andgenerous support for the college,Wachovia pledged $1 million tothe College of Management inJune to support student programs,scholarships and diversity initiatives.It is the largest single corporategift ever made to the college, andis expected to have a lasting impacton the quality of undergraduateand graduate education for managementstudents.Dean Jon Bartley said he plans touse the gift to support undergraduatescholarships and graduate fellowshipsthat will attract and retainoutstanding students. The MBAcontinued on page 3Wachovia CEO Ken Thompson talkswith Dean Jon Bartley in Nelson Hall.Elizabeth Chiles (’99, ’00) of PricewaterhouseCoopers, Will Lathan (’03),of KPMG and Grant Johnston (’95, ’03) of GE Capital share a drink at theMAC Alumni Social, held in Raleigh on May 15. The MAC Program alsoheld alumni functions in Charlotte and Washington, D.C., in August.A newsletter from theNC State College of ManagementFall 2003The MBA Alumni Social in April brought MSM and MBA alumni frommany classes out to Greenshield’s in Raleigh. Paul Rusello (’03) and hiswife were welcomed by the MBA Alumni Council and current students.MBA ProgramBreaks Into U.S.News RankingFor the first time, NCState University’s MBAProgram has entered theranking of best graduatebusiness schools in thenation by U.S.News & WorldReport. In the 2004 list,released April 4, the programtied for No. 65 with GeorgeWashington University, TheState University of NewYork at Albany, SyracuseUniversity, and the UniversityWachovia CEO Ken Thompson talksDr. Steve Allen and Tara Mylenski (’03)celebrated the ranking at the MBAAlumni Social.of Alabama at Tuscaloosa.Dr. Steve Allen, associatedean of graduate programsand research, attributed NCState’s appearance in therankings to the programname change from MSMto MBA, a strong incomingclass and career search successfor the class of 2002.“We could not haveachieved this success withoutthe dedicated work ofour faculty and MBA programstaff,” Allen said. Newstaff in the admissions andcareer services areas arehelping the programimprove its student selectivityand placement initiatives.New faculty hires in the pastthree years have allowed thecontinued on page 8

MBA ProgramBreaks intoU.S. Newscontinued from page 1College UpdateFrom the DeanMBA program to expandits concentration offeringsin supply chain management,finance and otherdisciplines.The growth of the fulltimeprogram at NC Statealso was a contributing factor,because U.S. Newsrelies exclusively on dataabout full-time students forits survey. Full-time enrollmentin the program grew20 percent in fall 2002, andis expected to growanother 45 percent this fall.In the U.S. News ranking,60 percent of the overallscore for each school isderived from objectivenumbers and the other 40percent of the score comesfrom reputation surveyscompleted by businessschool deans and corporaterecruiters.“This was the first yearwe were eligible for the U.S.News ranking, and we areproud to see that we camein ahead of a number ofschools that have longestablishedMBA programs,”Allen said. “We view this asa starting point, and we aimto be recognized as fartherup the list in the future.”Dr. Jon Bartley, deanof the College of Management,predicted that as thecollege puts more resourcesinto its faculty and graduateprograms, this kind ofachievement will continue.Last fall, in a separate survey,the undergraduate businessprogram was ranked by U.S.News at No. 80 among 400accredited business schools.A major contributor to the successof management education atNC State is the close relationshipwe have with the corporate world.Through our Board of Advisors,student internships, the GraduateSymposium, and through otheractivities, our students have realopportunities to meet businesspeople, learn from them and networkto build their own careers.One of our most important corporaterelations programs is theExecutive-in-Residence program,which allows business professionalsto become a part of our collegecommunity and to interact withour students on a regular schedule.Ron Doggett, our longest-servingexecutive, recently agreed to spendone more year as our Executive-in-Residence. I want to recognize allthat Ron does for this college ashe redefines and elevates the roleexecutives play in our academicinstitution.Ron came to the college asthe retired chairman and CEOof Goodmark Foods, known asthe maker of Slim-Jims and othersnack products. After a managementcareer with General Mills,Ron directed a leveraged buyoutof Raleigh-based GoodMark andgrew the company with recordearnings before selling it to foodindustry giant ConAgra in 1999.During the past three years,Ron has shared with our studentshis experience in finance, marketing,corporate strategy and mergersand acquisitions. He lectured inundergraduate and graduate classes,worked with entrepreneurshipstudents developing business plans,and helped develop team projects.He advised the faculty in updatingthe undergraduate accounting curriculum,and he served as aresource to faculty on their teachingand research projects.Ron has also been a tirelessadvocate for the college in theTriangle and N.C. business communities.Although he didn’t knowvery much about our young collegewhen he started his role, he learnedquickly and has become one of ourbiggest fans. Ron has shared his networkof CEOs and executives withour faculty and administration,allowing us to create stronger tieswith the business community. Hehas personally made major financialcommitments that are helping usbuild our programs and endowmentsfor the future.The NC State Alumni Associationrecognized Ron last fall with itsGene Langley Jr. (NC State ’61), president ofthe NC State Alumni Association, presentedthe association’s Award of Merit to RonDoggett (right).Award of Merit, an honor reservedfor non-alumni who have mademajor contributions to the university.Ron earned a business degreein his home state from MinnesotaState University, and has sincebecome a true friend to NC State.On behalf of our students andfaculty, I want to thank Ron forsharing his time, his wisdom andhis expertise with the college. Itis only with the support of friendssuch as this that the college willachieve its promise.I also want to recognize andthank our two other executivesin-residence.Sam Straight, formerchief of international procurementfor GlaxoSmithKline, works tirelesslywith our Supply ChainResource Consortium to recruitcorporate members and guidestudents through their extensiveprojects for partner companies.Telecommunications executiveand entrepreneur David Rendall,serving as our entrepreneur-inresidence,is a fantastic resource forour entrepreneurship faculty andstudents and has brought his businessnetwork to us. Ron, Sam andDavid are tremendous assets toour college.Many other professionals contributeto the college in ways thatare invaluable to our students butrequire less of a commitment thanan in-residence appointment. Ihope that each of you will considerhow you too can increase yourcommitment to this great publicinstitution.Sincerely,Jon W. Bartley (’69)2 The Management Portfolio Fall 2003

College Update / Development NewsDevelopmentUpdateIn the face of another economicallychallenging year, the collegedevelopment staff reached 98 percentof its goal and raised $3.9 milliondollars in cash and deferredgifts during the fiscal year. The totalfigure includes corporate and individualgifts that support special facultyinitiatives, undergraduate andgraduate scholarships in eachdepartment, program activities, andthe college discretionary funds.In addition to the million-dollargifts from Wachovia and TabWilliams (see related stories),major contributions included thecompletion of the LangdonDistinguished Professorshipendowment and several corporategifts to the college’s academicconsortia. For thefirst-time, Annual Fund contributionsfrom alumni and friendsof the college exceeded$100,000. Faculty and staff ofthe college contributed more than$25,000 to college accounts,according to development officersBob Parries and Matt Smith.“We were very pleased withthe outcome of our developmentefforts this year,” said Parries.“We received support from a widevariety of people and organizationsin our college community,including major corporations, newcorporate partners, young alumni,and our own faculty and staff.”continued this page, right columnWachovia Foundation Gives $1 Million, continued from page 1Program will use part of the moneyto develop enrichment programs inareas such as leadership, team-building,and career planning. Another part ofthe gift will support minority enrollment,student organizations anddiversity initiatives that will help thecollege further develop its communityof scholars and students.In thanking Wachovia, Bartleycredited a number of alumni andsupporters at the company who wereinstrumental in securing the gift: KenThompson, chief executive officerand last fall’s Wachovia Lecture Seriesspeaker at the college; Ben Jenkins(’68), senior executive vice presidentof general banking; Stan Kelly (’80),senior executive vice president ofwealth management; Will Spence (’94),president of North and South Carolinabanking; Jack Clayton, regional presidentfor central North Carolina; DavidJolley (’70), senior vice president incorporate and investment banking; andJerry Bowen (‘86), senior vice presidentand regional corporate bankingmanager.Maybe A Headline Here?“Wachovia is committed to furtheringeducation and helping tapthe vast potential in today’s students,”said Clayton, who works closely withNC State as the Raleigh regionalexecutive. “We are delighted to supportNC State, a leader in providingopportunities for achievements inentrepreneurship and innovation.”The gift to the college was partof a $1.5 million grant from theWachovia Foundation to the university.The other beneficiaries are theFriday Institute for EducationalInnovation and the university’sproposed E. Carroll Joyner VisitorCenter.In August, Wachovia executiveshosted a series of celebratory gatheringsfor NC State alumni, ChancellorMarye Anne Fox, Bartley and universitystaff in Raleigh, Charlotte andWinston-Salem. More than 400NC State alumni work for Wachoviathroughout the country, and manyare active as guest speakers in classesand with recruiting students for jobsand internships.Retired Central Carolina Bank President, Chairman and CEO William L. Burns (’50) visited the collegein July to see the CCB Executive Classroom. Burns and Dean Jon Bartley presented a classroomplaque that honors CCB and Burns’ long career with the bank.Four Executives JoinBoard of AdvisorsThe College’s Boardof Advisors, which continues toguide the college in strategicplanning, fund raising and programgrowth. During the academicyear, four new executivesjoined the college’s Board ofAdvisors: Kevin Beasley, taxpartner, Grant Thornton LLP;Bonnie Hancock, president,Progress Fuels; Stuart Nisbet,senior research and developmentdirector, Business IntelligencePlatform, SAS Institute; and LindaOkowita, director of humanresources, Nortel Networks.Leadership GiftsAn anonymous donor hasadded $50,000 to the ToussaintFund for graduate economicsstudies.Progress Energy donated$25,000 to the Supply ChainResource Consortium.The First Union Foundationdonated $20,000 toward its$200,000 pledge for undergraduatescholarships.Mike (’84, ’85) and Lori (’84)Constantino added $17,000to their endowment supportingMAC students.Xerox gave $10,000 tothe Center for InnovationManagement Studies.Lewis Sheats (’01) gave$8,000 to complete his $10,000pledge supporting entrepreneurshipeducation activities.Alumni and friends, plusmatching corporate gifts, frommajor accounting firms haveadded more than $40,000 insupport of the accounting department:$16,605 from Ernst &Young, $12,000 from KPMGand $11,775 from Deloitte& Touche.Fall 2003The Management Portfolio 3

Development & Program NewsBusinessStudent HelpsAnnual FundMake its CaseChris WallNext time the phonerings, pick up. It might beChris Wall calling fromNC State on behalf of theAnnual Fund. And if it is,your conversation withhim could be a greatopportunity to re-connectwith NC State.Wall, a rising juniormajoring in BusinessManagement and InformationSystems, is enthusiasticabout everything he does,from his classes and flagfootball to working at theNC State Annual Fund.He started work as a callertwo years ago, and has risenthrough the ranks tobecome the recruiting andhiring supervisor. His workhandling payroll, interviewingprospective callers, andhelping to train and supervisenew hires is goodhands-on experience thatrelates to his business degree.Wall relishes the challengesof his managementclasses, and he finds talkingto alumni about giving toNC State an equally satisfyingtask. “I enjoy talking toalums because we have acontinued at rightWilliams Receives Watauga Medal inRecognition of Endowment & ServiceThanks to generous gifts from Winston-Salem businessman Arthur “Tab” Williams Jr.(NC State ’50) and his family, the college willoffer new scholarships to undergraduate andgraduate students. The $1.1 million endowmentsupporting scholarships in managementfollows Williams’ many gifts to other NCState colleges and departments. Earlier thisyear, Williams received NC State’s WataugaMedal in recognition of his many years of serviceand philanthropy to the university.Williams is Chairman and CEO of the A.T.Williams Oil Co., known as the parent companyof Wilco Travel and Fuel Plazas. Fromhumble beginnings on a family farm, Williamsattended NC State and started his professionalcareer as an agricultural extensionagent. After a switch to the oil business inthe 1950s, Williams started his own companyin 1963. By the late 1990s, he had built hisenterprise into the largest independent gasolineretailer in North Carolina.Williams has been a longtime supporterof NC State and benefactor in the Winston-Salem community. In 1996, he established acharitable annuity trust that supports scholarshipsin the Caldwell program, the College ofAgriculture and Life Sciences, and theWolfpack Club. He has also been involvedwith the Wake Forest University School ofMedicine, the Chamber of Commerce, ForsythCountry Day School and several civic groupsBusiness Student Helps Annual Fund,continued from left columnArthur “Tab” Williamsand banking institutions.In honor of his 75th birthday, Williams’family established a $100,000 endowment forscholarships. That endowment will grow withan estate gift of $1 million from Williamshimself.Dr. Bob Parries, executive director ofdevelopment at the college, has knownWilliams for 20 years through NC Stateactivities. “We’re glad Tab is broadeninghis support of NC State to support businessstudents,” Parries said. “His entrepreneurialsavvy, business success and commitmentto community activities are great examplesfor today’s young people studying businessand management.”common goal of making NC State abetter place,” he said. “Plus we haveplenty to talk about with Wolfpackathletics!”Wall said that whatever his futureholds, he plans to become a regulardonor to NC State. His work at theAnnual Fund has let him see firsthandwhat a difference alumni givingcan make. “I understand the need,” hesays. “Private giving is a way of helpingNC State grow.”This year, keep your ears open forthe Annual Fund calling. You’ll get toreminisce about NC State with a currentstudent, plus get the satisfaction ofmaking a gift that makes a differenceto the university and the College ofManagement. You can learn moreabout supporting the college throughan Annual Fund gift at www.ncsu.edu/annualfund.EntrepreneurRewards NC StateEntrepreneur magazine recognizedNC State’s entrepreneurshipinitiatives among the nation’s Top50 regional programs in its Aprilissue. The magazine surveyed facultyand alumni for their opinions,and also collected data from collegesabout their course offerings,degrees, faculty and communityoutreach.The College of Managementoffers entrepreneurship educationfor its undergraduates and graduatesand also serves non-businessstudents at the university. TheEntrepreneurship EducationInitiative teaches courses forundergraduate students, includingnon-business majors, and organizesthe annual business plancompetitions. MBA students takecourses in the High-technologyEntrepreneurship (HiTEC) andProduct Innovation Managementconcentrations. And theManagement Academy, a comprehensivesummer program for nonbusinessmajors, coversentrepreneurship concepts.MBA AlumniDirectory AvailableMBA and MSM alumni:Looking for a classmate?The MBA Program haslaunched a new, free onlinedirectory for MBA andMSM alumni who want tofind old classmates, updatetheir listings and networkwith peers. To receive thepassword, send a request tomba@ncsu.edu. All alumniare encouraged to checktheir online listings and provideaddress updates to thestaff. The directory is availableon the new MBA websiteat www.mba.ncsu.edu.4 The Management Portfolio Fall 2003

Faculty & Alumni NewsWilsonRecognizedfor Decadesof Teaching& ResearchDr. Jack Wilson, a professorof business management at NCState for nearly 40 years, wasawarded the Alexander QuarlesHolladay Medal for Excellenceat a May 15 honors ceremony. TheHolladay Medal is the highesthonor bestowed on a facultymember by the trustees and theuniversity. It is named for theuniversity’s first president andrecognizes the contributions offaculty members in teaching,research and service.Wilson’s tenure at NC Stateincluded posts as head of theDepartment of BusinessManagement after the collegewas created, and head of theDivision of MultidisciplinaryStudies. He won university teachingawards three times in threedifferent decades. Wilson servedon a variety of university committeesand continually championedgrowth of the business curriculum.His research into inequities in facultysalaries led administrators tocorrect the differentials throughoutthe university.In reminiscing about his tenureat NC State, Wilson said he wasproud of his many students whohad gone on to success as lawyers,doctors, judges, dentists,CPAs, managers and professors.“That’s more than likely the Lawof Probability working [rather]than a reflection on my teachingeffectiveness,” he wrote. “Whenyou have a hundred or morestudents each semester, plus ahundred or so more in SummerSchool each year for over 30years, there are bound to besurvivors who succeeded.”Alumni Spotlight—Brian CockerhamTwo years ago, Wolfpack Club fund raiserBrian Cockerham (’92, ’94) left his position inRaleigh to lead athletic fund raising at theUniversity of Miami. It meant leaving hisalma mater and the Atlantic Coast Conferencefor a football powerhouse schoolwith a smaller alumni base.Now, with news that Miamiwill join the ACC in 2004,Cockerham is gearing up formore time in the Southeastand more visits home toNC State.During his 13 years asa student and professionalin the NC State community,Cockerham lived a life filledwith athletics and a lovefor the Wolfpack. He played Brian Cockerhamclub football and joined thecheerleading team as anundergraduate. After completing his businessmanagement degree, he earned a master’sdegree in sports management and worked asa resident advisor in athletic housing. That ledto a nine-year career with the Wolfpack Club,the off-campus organization that raises moneyto support student athletes at NC State.Cockerham credits two dynamic leaders—Wolfpack Club Executive Director BobbyPurcell and Basketball Coach Herb Sendek—with having a powerful influence on hiscareer. Cockerham said Purcell taught himhow to treat people with respect and how tohandle the business of fund raising. “[With]everything that I do in my job, I try to modelmyself after Bobby Purcell and the way he’sconducted himself and the Wolfpack Club.”Sendek, Cockerham said, gave him a foundationin basic life lessons that apply to anyfield. “Herb’s very philosophical,” Cockerhamexplained, “and he has basic principles on…how you should conduct yourself, and being ontime, and always expecting the best out ofyourself, and always demanding the best outof yourself, and going the extra mile.”Cockerham also recalls classes in theCollege of Management that invigorated andchallenged him as a student. “I can remember…a management class… where it gaveme some insight on trying to have a vision forwhere you want to be and what you wantto accomplish, and then working backwardthrough the steps you need to take to getthere,” he said. Cockerham said his NC Stateexperience prepared him well to managepeople, organizations and the tremendousdemands on his own time.During his time at NCState, Cockerham investeda lot of energy in developingrelationships with coworkers,athletes, alumniand donors. “The relationshipsare probably the mostimportant to me,” he said,reminiscing about thehighlights of his career.Cockerham also played akey role in raising moneyfor the new RBC Centerand in growing andstrengthening the Wolfpack Club.Cockerham then put that experience towork in Miami. As assistant athletic directorfor development there, he oversees annualfund raising of $4.3 million and a staff often. He is a frequent public speaker on behalfof the athletics department (and credits hisfraternity days in Sigma Chi with turning himinto an extrovert.) For the Hurricanes Club,Cockerham created a structured giving programand instituted a priority seating systembased on the Wolfpack Club model.The sports culture in Miami and at theuniversity is different than in the collegerichTriangle area, Cockerham said. “WhatI love about Miami is that when it comesto college sports, we are the only thing intown,” he asserted. Still, there is a lot ofcompetition, with professional sports andthe great outdoors, for the entertainmentdollar, he said, and the Miami alumni andfan bases are distributed very widely throughoutthe country.Even in his new position, Cockerhammaintains his loyalty to NC State. He saidhe was thrilled with the Wolfpack’s NCAAbasketball tournament appearance and thefootball team’s Gator Bowl victory. “It makesme feel good as an alum to see our athleticsprogram advancing.”EntrepreneurReceives HonoraryDegreeEntrepreneur and businessmanE. Carroll Joyner (NC State’56),namesake of the college’s annualbusiness plan competition forundergraduates, received an honorarydegree from the university atMay 17 commencement ceremonies.Chancellor Marye Anne Foxconferred a Doctor of HumanLetters degree on Joyner in recognitionof his service to NC Stateand his contributions to the businesscommunity.E. Carroll Joyner and Chancellor FoxFor years, Joyner has lecturedin entrepreneurship classes andsupported the annual businessplan competition at the college.Students and faculty appreciatehis dedication to working withstudents and to nurturing theirentrepreneurial interests.After graduating from NCState, Joyner built a successfulcareer in real estate development,farming, and other entrepreneurialendeavors. He is former vice presidentof real estate developmentfor Golden Corral, and is recognizedas the driving force behindthe restaurant company’s growth.Joyner received the WataugaMedal, the university’s highestnon-academic honor, in 1994.When NC State’s new visitorscenter is completed next year, itwill be named in his honor.Fall 2003The Management Portfolio 5

Academic Programs & EventsNC StateSpin-offs WinTop Prizes inBusiness PlanCompetitionMBA and MAC Graduates Find Career SuccessEvents at theCollege ofManagementSept. 11 Wachovia Bank Day andWachovia Executive LectureSeries, Ben Jenkins,Wachovia; 3400 NelsonHall, 4 p.m. Free and opento the public.Start-ups developed throughthe college’s HiTEC Program werethe big winners in the new opendivision of the college’s expanded$10k Business Plan Competition.The first place winner, start-upcompany ArrayXpress, hasreceived support from new Hi-TECservices available to the community,and runner-up TECStylePartners was developed by graduatestudents enrolled in the technologycommercialization class.The field for the new KeystoneCorporation open division includedtwo dozen teams or individualscompeting for $10,000 in prizemoney. The open division wasopen to NC State graduate students,alumni and faculty. Thecompetition also included theCarroll Joyner UndergraduateDivision, now in its 10th year.ArrayXpress is a microarraytechnology company led byMichael Zapata (MSM ’94) andNC State forestry faculty memberLeonel van Zyl. The proprietarytechnology and processes utilizedby the company were developed atNC State biotechnology facilities.Zapata, as a HiTEC analyst, is guidingArrayXpress through HiTEC’sproven technology evaluation andcommercialization processes. Thecompany plans to use the $6,000competition prize to fund operationswith its new client base.Runner-up team TECStylePartners, composed of four graduatestudents enrolled in the TECcourse, worked with NC State textilesfaculty on a technology thatensures even batch dyeing for fabrics.The student team’s businesscontinued on page 7At the N.C. MBA Career Fair, Ervin Allen (MSM ’01) of the Small Business and Technology Development Centerin Raleigh talks with full-time MBA student Gene Farrelly about job opportunities.New efforts in the MBA Career Servicesarea have paid off, with outstanding employmentstatistics for the December 2002 andMay 2003 graduating classes. Ellen Baker,director of the RedWall Career Center, reportsthat 78 percent of recent MBA graduateshave found full-time employment. Also, 83percent of first-year, full-time students arecurrently working in summer internships.Baker is confident that these employmentresults match or exceed those of many toprankedMBA programs that are facing aweakened job market.Student networking, job leads from parttimestudents and alumni, and the springN.C. MBA Career Fair have led to many ofthe job opportunities, Baker says. The college’sSupply Chain Resource Consortiumalso has been instrumental in working withthe career center to place students ininternships and full-time employment withmember companies. And the companies onCentennial Campus, NC State’s researchand corporate park, have been responsiveto outreach efforts by employing MBA studentsand graduates.Students have found internships and jobswith GlaxoSmithKline, SAS, IBM, John Deere,the U.S. EPA, Progress Energy, GE Plastics andShell Oil, among others. The employment fieldsrange from market research and marketing tosupply chain management, finance, informationtechnology and entrepreneurship/start-ups.In the RedWall Career Workshops seriesover the last year, Baker taught strategies forself-directed career searches, with a focus onnetworking and interviewing skills. “For studentscompeting in very structured interviewprocesses, these workshops prepared themto effectively communicate their value toemployers,” Baker said. Even in reduced hiringcycles, students found jobs by being persistentand relying on each other for leadsand tips. Students and alumni alike were generous,Baker said, in sharing job opportunitieswith the MBAs.Graduates from this year’s Master ofAccounting class have also done well,despite a challenging market. KatherineHansen, who coordinates career services forMAC students, says 79 percent have foundfull-time employment with accounting firmsand corporate accounting departments inRaleigh, Atlanta, Washington D.C., Chicagoand other locations. The number of incomingMAC students completing summer internshipsalso rose significantly. Hansen hasplanned fall site visits in Charlotte andWashington, where students will meet withlocal firms and alumni to broaden the geographicreach of their career searches.Looking to hire or have any leads? ContactEllen Baker at 513-0276 or ellen_baker@ncsu.edu for MBA students and KatherineHansen at 515-4508 or katherine_hansen@ncsu.edu for MAC students. For undergraduates,contact Jeff Sackaroff at 515-2396 orjeff_sackaroff@ncsu.edu.Sept. 15 College of ManagementCareer Fair. For more information,call Jeff Sackaroffat 515-2396.Sept. 20 NC State Homecoming;football vs. Texas TechSept. 23 Accounting DepartmentAnnual Banquet, 6 p.m.,Marriott–Crabtree Valley.For more information,contact Roby Sawyers at515-4443.Oct. 2Oct. 3Wachovia Executive LectureSeries, David Rizzo, MCNC;3400 Nelson Hall, 4 p.m.Free and open to the public.COM Board of Advisorsmeeting, 7:30–10 a.m.,EC Hunt Boardroom,Nelson HallOct. College of Management16–17 Graduate Symposium.By invitation only.Oct. 25 University Open House, 9:30a.m.–1 p.m. For prospectivestudents and families. Freeand open to the public.Oct. 30Nov. 20Wachovia Executive LectureSeries, Cloyce Anders,Independent InsuranceAgents & Brokers ofAmerica; 3400 Nelson Hall,4 p.m. Free and open tothe public.Wachovia Executive LectureSeries, Sue Cole, U.S.Trust and N.C. Citizens forBusiness & Industry; 3400Nelson Hall, 4 p.m. Freeand open to the public.Dec. Supply Chain Resource4–5 Consortium membermeeting6 The Management Portfolio Fall 2003

Academic ProgramsNC State Spin-offscontinued from page 6plan is now being used to form acompany and recruit an executiveteam. Daniel Colonnese, a graduatestudent in computer science,also was a runner-up, with his proposalfor GC & West.In the undergraduate division,College Tees, presented by graduatingsenior Charles Burnett,placed first, receiving the CapitalBank Entrepreneurship Cup, and$500. Senior Frederick Sextonplaced second, and junior JaredKimak placed third.A grant from the EwingMarion Kauffman Foundationsupported the expansion of thisyear’s competition. Sponsorsincluded Keystone; Capital Bank;PricewaterhouseCoopers;Pinna, Johnston & Burwell, P.A.;and the college’s EntrepreneursClub. The competition was organizedby the EntrepreneurshipEducation Initiative, under theguidance of faculty membersGary Palin and Jennifer Anderson.Faculty & Staff AchievementsBruce Branson, accounting, won theCOM Board of Governors Teaching Award.David Henard, business management,won the university Outstanding TeachingAward and the Alumni Outstanding Teacheraward, and was inducted into the Academyof Outstanding Teachers. Don Pagach,accounting, also won the university Outstanding Teaching Award and was inductedinto the Academy of Outstanding Teachers.Robert Handfield, business management,and Mark Beasley, accounting, receivedOutstanding Extension Service Awards.Beasley was also inducted into the Academyof Outstanding Faculty Engaged inExtension. College of Manage ment teachingawards were given to Karlyn Mitchell,business management; Bill Sloan, businessmanagement; Mike McElroy, economics;Wachovia Executive Lectures AddressEnrepreneurship, Growth and SuccessBusiness leaders from near and far broughttheir messages about success to the collegethis spring in four installments of the WachoviaExecutive Lecture Series. Their stories touchedon industrial and technological change, globalmarkets and the drive for growth.Entrepreneur Don Brock of AstecIndustries in Chattanooga, Tenn. opened theseries with an in-depth look at the asphaltplant manufacturing company he built fromthe ground up. Brock explained how aggressiveexpansion helped his company grow intoa vast conglomerate of equipment manufacturingand related businesses. Brock’s transitionfrom an engineer to successfulentrepreneur revealed many lessons for studentsconsidering entrepreneurial careers.Asserting the importance of free trade andopen markets, Caterpillar Inc. Group PresidentJim Owens explained the story of his company’sglobal success in his lecture. “Trade is avoluntary act, a freedom all parties gain from anexchange with more choices, better quality,lower prices and more competition,” he stated.The economics alumnus (PhD, 1973) touched onthe political, economic and business aspects ofErnest Carraway, accounting; and to parttimeinstructors Ericka Kranitz, accounting;Steve Haynes, business management; andClaudiney Pereira, economics.The winners of this year’s College ofManagement staff Awards for Excellencewere Matt Smith, associate director ofdevelopment, and Christine Miller, administrativeassistant to the dean.Six new full-time faculty members joinedthe College of Management for the newacademic year. Marianne Bradford (PhD,University of Tennessee) and Joseph Brazel(PhD, Drexel University) teach accountingcourses. Dennis Pelletier (PhD, Universityof Montreal) teaches econometrics andmacro economics. Don Warsing (PhD,UNC), who earned an MSM at NC State in1995; Deepak Sirdeshmukh (PhD, Ohiocurrent international trade issues while showcasinghis company’s gains from highly integratedbusiness lines overseas.Entrepreneurship was again a hot topicwhen the college’s Entrepreneur-in-Residence, David Rendall, shared his careerhighlights. Rendall is a retired telecommunicationsexecutive who continues to beinvolved in new telecom ventures. Rendallsaid business schools may be improving howthey teach and inspire entrepreneurs, but thebest ones have a combination of knowledgeand critical, intangible traits.“Entrepreneurship is an attitude, a way oflife, a way of thinking,” he declared.In the final spring lecture, Orage Quarles III,president and publisher of The News &Observer, combed his thirty years of publishingand business experience for 10Commandments for business success. Themost important lesson in his list, Quarlesasserted, is No. 7, learning to communicate. Ina world that is becoming more diverse, businessleaders who can listen and communicatewell will be the most successful, he said.State University); and Sangkil Moon(PhD, University of Iowa) joined the businessmanagement department.Steve Allen, director of the MSM/MBA Program for 10 years, became thecollege’s first associate dean for graduateprograms and research. Pam Bostic waspromoted to director of the MBA program.David Flath is the new director of theEconomics Graduate Program. He replacesJames Easley, who returned to teaching.Michael Rappa, business management,was named a recipient of the 2003 ClassicsAward for Exemplary Online Learn ingResources from MERLOT for his course,“Managing the Digital Enterprise.” MERLOTis the Multimedia Education Resource forLearning and Online Teaching, a consortiumof higher education institutions.New MACFellowshipsAttract andReward TopStudentsWith the support of localaccounting firms, the Master ofAccounting program has launcheda new fellowship initiativedesigned to attract and reward outstandingstudents. This fall’s inauguralclass of seven fellows willreceive financial support for theireducation from sponsoring firmsand the MAC program to cover fulltuition for two semesters, and willreceive offers for full-time employmentafter graduation.The sponsors of this year’s fellowshipsare Ernst & Young,KPMG, Larson, Allen, Weishar &Co., PricewaterhouseCoopers, andRSM McGladrey.The Fellowship Program givesstudents a jump on the fall recruitingseason, says KatherineHansen, assistant director of theMAC program. “This initiativeallows firms to identify and beginrelationships with exceptional studentsvery early in the recruitingcycle,” Hansen explained.The fellowships, worth $5,500-$22,400 in tuition assistance, alsohelped the program attract moreoutstanding students from a widergeographic area to NC State. “Ourfellows have exemplary leadership,communication skills, andcampus and community involvement,as well as strong academicrecords,” said Hansen.Overall, the incoming MAC classof 62 students will be an excellentclass, she adds, measured not onlyby GPA and GMAT scores, but alsoby their work and leadership experienceand community service. Lastyear’s improved student recruitingefforts led to more applications andgreater selectivity, producing astrong MAC class with greaterdiversity and depth.Fall 2003The Management Portfolio 7

Student NewsThe university Achieve! campaigncontinues this fall withstatewide billboards and radio adsfeaturing NC State’s faculty andstudents making an impact. Newhalftime commercials during televisedfootball and basketballgames will also feature theAchieve! theme. Here, we saluteour student achievers in theCollege of Management.Box 8614Raleigh, NC 27695-8614Nonprofit Org.U.S. PostageP A I DRaleigh, NCPermit #2353Accounting and humanresource management studentteams advanced to the nationalfinals in their respective fields.At the national Institute ofManagement Accountants conference,an NC State accountingteam finished in the top four in theIMA national case competition forthe second year in a row.Undergraduates studying HRMwere repeat state and southeasternarea champions in theHR Games and competed inthe national tournament at theSociety for Human ResourceManagement meeting. Also,seniors in the marketing competitionclass placed third in theSoutheast, but first amonguniversities in the Carolinas, ina national marketing campaigncompetition with Toyota.The college conferred degreeson 526 graduates at spring commencementceremonies. Tenundergraduate students from thecollege were honored as universityvaledictorians. ValedictorianKelly Smith, an accounting graduate,delivered the college commencementaddress. Accountinggraduate Brian Crossland receivedthe Board of Advisors OutstandingStudent Award.Student NewsCollege Achiever: Wolfpack QB Philip RiversTiffany and PhilipRivers with babyHalle.On the football field, Wolfpack seniorquarterback Philip Rivers is expected to callthe plays this season and lead the team toanother winning record. But in the classroom,the business management major fromAthens, Ala. and Heisman Trophy candidateprefers a more behind-the-scenes role. Riverssays he’s learning to appreciate all the skillsand perspectives both he and his classmatescan bring to their group assignments.These lessons in leadership and teamdynamics are an important part of what Riverswill take with him when he graduates inDecember and looks toward aprofessional football career. With a strong academiccommitment and personal drive, Rivershas steered a straight course toward graduatingon time. He knows that hisbusiness studies and marketing focus will beuseful in the future, no matter wherelife takes him. Rivers said that down the road,regardless of whether he’s successful in professionalfootball, his business and accountingclasses will make him a knowledgeable playeror businessman.Though Rivers will completemany of his marketingclasses this fall, his introductionto the field has alreadyimpacted his view of thesports world, product marketingand brand awareness.“You realize, even pulling intoWendy’s or something, thatyou can see their strategy rightaway,” he said.Faculty and advisors describe Riversas a dedicated student athlete with a goodsense of direction and purpose. The bottomline, Rivers said, is that students can’t participatein athletics if they’re not willing to puttheir education first. “You can do school withoutthe football,” he acknowledged. “But youcan’t do football without the school.”The 21-year-old says that he’s able tobalance all of his activities precisely becausehe has so much to do—football practice andgames, a full courseload and a family athome: wife Tiffany (his high school sweetheart)and their daughter, one-year-old Halle.“It sounds weird, but it’s been easy,really, balancing all of it. I guess becauseI didn’t have another choice. It was all rightthere,” he explained. Rivers said his collegeand family experience made him grow upquickly and learn the finer points of time management.As he prepares for a careeras a professional athlete, those lessons fromlife, school and the football field at NC Stateshould serve him well.The Management PortfolioCollege of ManagementNC State UniversityCampus Box 8614, Nelson HallRaleigh, N.C. 27695919.515.5560www.mgt.ncsu.edumanagement@ncsu.eduDr. Jon W. Bartley, deanSara Frisch, writer and editorPhotography by Roger Winsteadand Michael PittmanThe Management Portfolio is publishedby NC State University’s College ofManagement for its alumni, friendsand supporters and for the universityand business communities.Correspondence, alumni updates andaddress corrections may be sent to:The Management PortfolioCollege of ManagementNC State UniversityCampus Box 8614 Nelson HallRaleigh, N.C., 27695.The College of Management’s programsin management and accounting areaccredited by AACSB International—The Association to Advance CollegiateSchools of Business.18,000 copies of this public documentwere produced at a cost of 34¢ per copy.8 TheManagement Portfolio Fall 2003