Friday, July 10, 2015

UT College of Business and Innovation maintains prestigious AACSB business accreditation


The University of Toledo College of Business and Innovation (COBI) has received a five year extension of its business accreditation from the Association to Advance Collegiate Schools of Business (AACSB), an elite distinction achieved by less than five percent of all the business schools in the world.

The accreditation, which is voluntary, follows an on-site evaluation in March by administrators of other AACSB accredited institutions. The accreditation recognizes UT COBI’s Bachelor of Business Administration, Bachelor of Science in Information Technology, MBA/Executive MBA, MS in Accounting and Ph.D. degree programs.

Founded in 1916, AACSB International is the longest serving global accrediting body for business schools that offer undergraduate, master's, and doctoral degrees in business and accounting. It is an association of educational institutions, businesses and other organizations devoted to the advancement of higher education in management education, and is the premier accrediting agency of collegiate business schools and accounting programs worldwide.

“It takes a great deal of commitment and determination to earn and maintain AACSB Accreditation,” said Robert D. Reid, executive vice president and chief accreditation officer of AACSB International. “Business schools must not only meet specific standards of excellence, but their deans, faculty and professional staff must make a commitment to ongoing continuous improvement to ensure that the institution will continue to deliver the highest quality of education to students.”

“UT and the College of Business and Innovation are very excited at this continuing recognition by the AACSB,” noted Dr. Gary S. Insch, COBI Dean. “This validates the high quality of our faculty and students, as well as the significance of our curriculum at all levels.”

"This is also great news following the fantastic news we received this spring, namely, that the College of Business and Innovation received - - in its first attempt - - an accounting department accreditation from the AACSB.  This is a voluntary accreditation obtained by only 1.3% (182 institutions) of accounting programs in the 13,670 business schools around the world."

“Our inclusion in this select group is a seal of quality for our degree programs," Dr. Insch said.  "It elevates the value of degrees received, leads to increased enrollment of high quality students, and enhances the qualifications of alumni.”


COBI students take 9-day study abroad trip to Germany, Czech Republic and Austria

Seventeen UT College of Business and Innovation students from a variety of majors traveled for nine days with Dr. Stanford Westjohn at the end of Spring semester 2015 to Germany, Czech Republic and Austria as part of their semester-long course IBUS 4100/6100.  The students attended presentations about each country's economy and visited local businesses such as SAP, AVG Technologies, BVG, and Teufel-Raumfeld.


Student comments include:

"The locations were incredible and all the planning made it so easy to do what we wanted to do in our free time."

"The business visits gave me essential real-world experience."

"I loved the presentations. Each of them gave a different perspective of international business. I felt that I learned so much from them."

According to Dr. Westjohn, COBI Associate Professor, Marketing and International Business department, the course looks great on a resume and is an excellent opportunity for students to develop a global mindset.

"Without question," he said, "the students made memories that will last a lifetime and opened their eyes to new international opportunities."

The course is open to all COBI majors.  Contact Dr. Westjohn (stanford.westjohn@utoledo.edu) for information about the course/trip for Spring, 2016.

Huntington Bank provides $6,500 in scholarships to four UT business students

Huntington Bank presented scholarships totaling $6,500 to four University of Toledo College of Business and Innovation (COBI) students on June 30.

The recipients and their majors are Dana Thomas, marketing; Hala Abou-Dahech, human resource management; Richard Ference, finance; and Victor Pereira, supply chain management and international business, who each received $1,625.

Pictured here at the presentation of scholarships by Huntington to four UT COBI students on June 30 are, left to right,Brian Brown, Huntington Senior VP Private Banking Region Manager; Dr. Terribeth Gordon-Moore, Senior Associate Dean, College of Business and Innovation; Dana Thomas; Hala Abou-Dahech; Victor Pereira; Richard Ference; Deirdre Jones, Director, Edward H. Schmidt School of Professional Sales; and Jon Grimm, Huntington VP of Retail District Manager.

"We were extremely impressed with the recipients, their academic records at UT, and their personal achievements in life," noted Joel Jerger, Senior Vice President, Huntington Bank, Toledo. "These students clearly reflect the capable and talented individuals that the University is developing, while the scholarships reflect Huntington's commitment to recognize and support such amazing people in Northwest Ohio. We look forward to continuing to work with the University as it educates the next generation of leaders. "

Through an expanding banking program between Huntington Bank and UT, Huntington is providing $150,000 in academic programming and scholarships for students and additional convenient banking options on campus.

"Both The University of Toledo and the College of Business and Innovation are extremely grateful to Huntington Bank for their outstanding support of our tremendous students," noted Dr. Gary Insch, UT COBI Dean.  "Huntington is serious about its role as UT's banking partner, and these scholarships reflect their commitment to provide meaningful financial support to some of our extraordinary business students."

"Graduating from college has always been a dream and a high-priority goal in my life," Abou-Dahech said.  "I know for a fact that this dream would be extremely difficult, if not impossible to attain if it wasn't for the generous donors who offer these scholarships to help fund our education as students. I want to thank Huntington for granting me one of these scholarships."

"I am honored to be a recipient of the Huntington Bank Scholarship," Thomas said.   "It may sound cliché, but this scholarship means the world to me. I'm leaving in August to study abroad in Spain and this scholarship plays a major role in my ability to have the ultimate global experience. Words cannot express how grateful I am for the support of Huntington and its associates."

"I am honored and grateful for being selected as a recipient of the Huntington scholarship," Ference said.  "I hope the committee knows how much this money will help me better achieve my career goals."

Pereira said, "In pursing my path as a young professional, this scholarship will be of aid in achieving my career goals. This opportunity will not only continue to better my education but will allow me to devote more time toward service and my community."

The presentations will be made in the Huntington Sales Lab, located on the fourth floor of the college's Savage & Associates Business Complex.

SHRM earns HR Outstanding Student Chapter Award for second year in a row

For the second year in a row, The University of Toledo College of Business and Innovation student chapter of the Society for Human Resource Management (SHRM) has received the Outstanding Student Chapter award, this time for its excellence and achievement during the 2014-2015 Student Chapter Merit Award period.

"This is a tremendous achievement and well-deserved, continued recognition for The University of Toledo, the College of Business and Innovation, our human resources program, and members of this organization," said Jenell Wittmer, Ph.D., Associate Professor of Management in the College of Business and co-faculty advisor to the UT SHRM group. "It is a very high honor to be named an outstanding chapter, but to do so two years in a row is a remarkable achievement by our HR students, faculty and others who helped earn this award."

The Outstanding Student Chapter award was presented to a select number of SHRM student chapters whose programs and activities were at a level that distinguished them from other chapters. This award represents significant achievement in one of five categories: recruitment, programming/education, innovation/technology, campus/community service or promotion of assurance of learning assessment. UT SHRM has now been received this outstanding chapter award in both the areas of recruitment and programming/education.

SHRM is the world’s largest association devoted to human resource management. Representing more than 275,000 professional and 19,000 student members in over 140 countries, the association serves the needs of HR professionals and advances the interests of the HR profession.

The Society for Human Resource Management's Student Program was created in 1965 to promote mutually beneficial interaction between HRM students and practitioners. The program now includes over 250 affiliated student chapters and more than 19,000 student members.

The SHRM student chapter merit award program, which began in 1972, encourages development of more effective student chapters and promotes outstanding activities and projects by student chapters.
Chapters have the opportunity to earn an award based on the number of activities they complete during the merit award cycle.

The UT COBI chapter president and advisor were recognized during the opening general session of the annual conference of the Society for Human Resource Management in Las Vegas.

Thursday, June 4, 2015

UT COBI's Schmidt School of Professional Sales named a top program by Sales Education Foundation


The Edward H. Schmidt School of Professional Sales (ESSPS) in The University of Toledo College of Business and Innovation has been recognized by the Sales Education Foundation (SEF) in their "Top Universities for Professional Sales Education” program. These university programs are recognized for preparing students for careers in professional selling and helping to elevate the sales profession.

Established in 2007, the SEF works with multiple universities to provide grants, assist sales faculty, provide and/or promote educational opportunities and recognize quality research and dissemination.

ESSPS was formed in 2000 and endowed in 2002 as the first professional sales major in the country from an Association to Advance Collegiate Schools of Business (AACSB) accredited college of business administration.

"Everyone plays a critical role to ensure the sustainability and success of our top ranked program. We have accomplished a great deal to launch and propel our professional sales program," noted Deirdre Jones, Director. "We embrace our commitment to developing the world’s future sales professionals…one student at a time.  We strive to continually set the bar high in terms of learning, discovery, and outreach."

"Students with a sales education ramp up 50% faster and turnover 30% less than their non-sales educated peers," Jones added. "Furthermore, we are very proud of the fact that 100% of ESSPS students seeking employment upon graduation have jobs, and, in fact, many of our students have multiple job offers."

Sally Stevens, Executive Director of the Sales Education Foundation, noted that companies should have an increased focus on partnering with university sales programs. “Top sales organizations should consider developing partnerships with these programs who are educating the next generation of professional sales people.”

For more information about the Edward H. Schmidt School of Professional Sales, visit utoledo.edu/essps.

For more information about the Sales Education Foundation, visit salesfoundation.org.


Grandfather surprises family, finally obtains his first college degree

Amidst the hugs and happiness of hundreds of graduates from The University of Toledo College of Business and Innovation this May, there may not have been anyone happier, more emotional than Michael Mack.

That's because 59-year-old Mack, a skilled trades pipefitter/millwright at Jeep in Toledo, first started taking college classes (political science) in 1978, but he never obtained a degree until receiving his associates degree in business this May.  


And although his family knew he was taking classes at UT, they did not know he would be receiving his degree this May until about one week before graduation.

"I didn't let anybody know I was getting my degree; I wanted people to be shocked," Mack said.

"I always felt that something was not finished," he explained. "I knew it would be a relatively difficult task, but that it had to be undertaken if I wanted to succeed. I kept this to myself and did not share it with anyone in my family except my stepdaughter  - - who developed into an inspiration when it became difficult - - until just before graduation.  The difficulty of this task make’s the taste of completion even sweeter and more appreciative."

"This degree brings closure," Mack said.  "It’s like the closing of one part of my life and the opening of another. I had quite a few individuals ask me, 'Why are you going back to school now?' and expressing their apprehension towards it. The first reason is that my own father always told me an education is something to never be turned down, that once you have it no one can take it away. Secondly, I wanted to send a message to my own children and grandchildren about the importance of an education, that it is never too late to achieve it, that you never know it all."

The challenges were great. Mack often worked at Jeep seven days a week, 12 hours a day.  "I worked, ate, did the dishes and then did my homework."

He intends to continue his business college goals by obtaining his bachelor's degree, possibly majoring in management.

Mack is already putting his business acumen into action, having started a small golf repair business.

"Mack Daddy Golf is up and running, but at a regulated capacity at the moment due to my present work and school schedule," Mack said.  "I would like to start a business in South Carolina where I can show different companies how to be more efficient in their processes and daily operations. I have had a few conversations with some individuals who have expressed interest in the different ideas I shared with them. I knew to succeed I needed to know and understand how to run a business, otherwise all I had was a dream. I had to equip myself for this new venture in life. About the same time Chrysler and The University of Toledo entered into an agreement offering individuals the opportunity to get back into school and further their education."

Mack also admits that working on his degree enabled him to learn more than his course material.

"One eye opening moment was when I came to the realization through my fellow classmates,  most of whom are quite a bit younger than myself, that over the last few years I have spent my efforts talking at the younger generation and not with them. They do have some great and useful ideas if we just open up and absorb them."


UT College of Business and Innovation presents HR Management Excellence Awards to four Northwest Ohio companies

The University of Toledo College of Business and Innovation presented their 18th annual Human Resource (HR) Management Awards for Excellence on May 21, recognizing four Northwest Ohio companies for their outstanding human resource practices.

Each of the four finalists was named a recipient of the Human Resource Management Award for Excellence: Health Care REIT, Hospice of Northwest Ohio, Matrix Technologies and Worthington Industries.

Health Care REIT is a world leader investor in health care real estate. Their strong human capital culture and HR processes are viewed as the keys to their growth and success. They have built a culture of excellence by recruiting talent through improved information flow, candidate management and implementation of a hire on-boarding process. Health Care REIT demonstrates their commitment to employee support and outreach through their implementation of impactful wellness, women and community outreach initiatives.  Their leadership and management development initiatives are geared towards fostering employee development and engagement, and they have a long term approach to talent management to grow their business today and in the future.

Hospice of Northwest Ohio, established in 1980 and now having more than 400 employees, is a non-profit organization providing care and education to positively transform the way people view and experience serious illness and the end of life. Their HR department has established itself as a critical member of the senior management and strategy team, and they have a proactive approach to employee wellness programming and an effective management of health insurance costs. Hospice of Northwest Ohio has extensive employee engagement practices to build, enhance and improve employee performance and commitment, and their culture of appreciation and gratitude for every employee displays their effort to treat all employees with respect, care and concern.

Matrix Technologies, established in 1980, is headquartered in Maumee, has five other locations in the US with nearly 300 employees. It is a single-source provider all types of process, facility and automation engineering. HR leadership is provided at the strategy table, with its input perceived as critical for organizational success. Over three years they have revamped every HR functional process, including recruitment, compensation, performance appraisal and leadership development. They leverage both internal talent and external experts to ensure quality, individualized service training and development for all employees. Evaluating their initiatives has resulted in job growth and decreases in turnover.

Worthington Industries is a global, diversified metals manufacturing company in Delta, Ohio, which opened in 1997 and employs nearly 200 people. Utilizing the Golden Rule philosophy, they believe people are their most important asset impacting everything they do. They have a high performance operating culture driven by employee engagement and empowerment, safety, quality and productivity. Their recruiting program for developing manufacturing talents includes partnerships with high schools and community colleges, and they are investing heavily and systematically in employee development and team building training to improve workplace performance.

"This is the first time we have presented awards to all four finalists,” noted Dr. Clinton Longenecker, COBI Professor of Management and chair of the Awards Selection Committee.  “Each organization was so distinctive, each doing remarkable and innovative things in utilizing their human capital to compete at the very highest levels.”

“The Human Resources Management Excellence Awards are given annually by the college since 1998 to celebrate the success of local organizations and leaders for creating great places to work. Their efforts make a real difference in our economy while they also inspire others to advance their organizations, demonstrating to the region that area employers can compete in a world marketplace,” said Longenecker.