DEFINEDpage 3 - University of Michigan

University of Michigan-Flint
School of Management
2221 Riverfront Center
303 E. Kearsley St.
Flint, MI 48502-1950
NON-PROFIT
ORGANIZATION
U.S. POSTAGE
PAID
FLINT, MI
PERMIT NO. 89
(810) 762-3160
umflint.edu/som
BUSINESS
FALL 2015
@UM-FLINT
Phil and Jocelyn
Hagerman
SCHOOL OF MANAGEMENT ADVISORY BOARD
TERESA IRLAND MUNLEY
Advisory Board Chair
Retired , Senior
Vice President Bank of America
MICHAEL J. BURKE, JR.
President
CSB Bank
WINFIELD L. COOPER III
President
Cooper Commercial Group, Ltd.
MIKE FRAWLEY
Principal Partner
Yeo and Yeo
WILLIAM GOLLING
President
Golling, Chrysler Jeep Dodge, Inc.
CATHLEEN HALE
Engineer
Champion Bus
KEN LESLIE
Managing Partner
Plante & Moran, PLLC
KEVIN SHAW
Vice President
The Coffee Beanery
CLIFFORD H. HART
Attorney
Law Office of Clifford H. Hart
PRESTON MEANS
President/CEO
Accu-Shape Die Cutting, Inc.
SHEILA SMITH
SOM Alum
JANICE KARCHER
Vice President
Flint & Genesee Regional
Chamber of Commerce
LARRY NICHOLS
Executive in Residence/Consultant
University of Michigan-Flint
GREG LAURENCE
Associate Professor of
Management and Faculty
Representative
School of Management
JOHN POTBURY
Special Assistant
Prosecuting Attorney
Genesee County Prosecutors Office
MICHAEL RACHOR
Advisor
Rachor Investment
Advisory Services, LLC
MELISSA STEPHENS-FARRELL
Development and
Alumni Relations, SOM
University of Michigan-Flint
DAVID G. STICKEL
Retired
First Merit Bank
PAUL WENSTROM
First Vice President
Investments
Merrill Lynch
#umflint
© 2015 by the Regents of the University of Michigan
Regents of the University of Michigan: Michael J. Behm, Mark J. Bernstein, Laurence B. Deitch, Shauna Ryder Diggs,
Denise Ilitch, Andrea Fischer Newman, Andrew C. Richner, Katherine E. White, Mark S. Schlissel, ex officio
A Non-discriminatory, Affirmative Action Employer
ENTREPRENEURSHIP
DEFINED
page 3
Dear Alumni and Friends of the School of Management:
Dear friends:
I am very pleased and proud to welcome you to the current issue of Business @
UM-Flint.
In past
reviewing
theseacademic
stories, year!
I am Thanks
struck to
bythe
the
powerfulofpositive
impact
We made
history this
2014-2015
generosity
The Hagerman
people
can
choose
to
have
on
others.
People
can
choose
to
make
a
positive
difference
Foundation, the School of Management (SOM) was awarded its largest gift to date ($2 million) in
TO OUR
SCHOLARSHIP
RECIPIENTS!
would2014/2015
like to thank our donors
for their tremendous
support
students and the and
community.
These
are stories
of commitment,
hardand
work,
and
support for
of entrepreneurship
innovation.
Beyond
their financial
support, Phil
Jocelyn
optimism.
These
faculty,
students,
and friends
of the School
Hagerman
have given
to people,
SOM in including
other ways
as well
throughalumni,
internships,
development
of the
Gifts totaling $78,555 were awarded to the following students:
of Management,
are connected
a common
belief
in a bright
future.
downtown
area near campus,
and theirthrough
involvement
in other
exciting
initiatives
taking place
at the University.
The generous and thoughtful gift by Phil and Jocelyn Hagerman marks the beginning
of Hagermans’
a commitment
innovation
curriculum.
We want
While the
gift to
is truly
makingand
an entrepreneurship
impact in the livesinofour
students,
the University
students
to
know
they
can
accomplish
anything
they
set
their
minds
to.
Entrepreneurial
and the Flint community, SOM appreciates the gifts that all of our supporters have given
is a mindset
that leads
to economic
growth
and
the creation
value.
this pastthinking
year. Every
dollar counts.
Whether
it was $5,
$500 or
$5,000,
please of
know
that your
DEAN’S
MESSAGE
contribution
is being
used
totosupport
theUniversity
next generation
of businessWe
leaders
in achieving
It is an
exciting
time
be at the
of Michigan-Flint.
are committed
to
excellence.
We
are
grateful
for
the
support
we
receive
from
each
and
every
one
of
you
and
excellence in teaching, research, and service. We are also committed to building a
look forward
to new
opportunities
as we
embark
on the
Victorstheir
for Michigan
Campaign.
national
reputation
as a place
where
students
develop
many talents
and are then
University of Michigan-Flint
Office of Development
1001 Northbank Center
303 E. Kearsley St.
Flint, MI 48502-1950
prepared
make a and
positive
difference
theimportance
world.
Your gifts
of time,to
treasure,
talent
speak tointhe
you place on this University.
Office: (810) 424-5480
Mobile: (810) 577-2173
[email protected]
Just think what we can do when we give of ourselves and bring all of our energy together.
Scott D. Johnson, PhD
Sincerely,
Dean
They also
speak to the value you place on education and the passing on of that knowledge.
Sincerely,
Please feel free to contact me directly to discuss ways you can use your gifts to best support
students, the University, or any of the other exciting projects you read about in this magazine.
TABLE OF CONTENTS
Melissa Stephens-Farrell
Major Gift Officer, Senior
RECIPIENTS
42 SCHOLARSHIP
P.S. You can also make a gift through the School of Management
website
3
ENTREPRENEURSHIP DEFINED
at www.umflint.edu/som by clicking on the “give online”4button.
48
SISTERHOOD OF SUCCESS
410
SCHOLARLY PENS
411
SOM INTERNS HELP OPEN
GROUND FLOOR MARKET
413
CONFRONTING ISSUES
WORKING WOMEN FACE
414
REAL WORLD INVESTMENT
415
WHAT I’VE LEARNED ALONG
THE WAY...
417
CONTINUING TRADITION
419
RX MBA
421
SOM GRADUATE BECOMES FIRST
CFO OF DETROIT LIBRARY
SCHOOL OF MANAGEMENT ENDOWMENT
424
Q&A WITH DEAN JOHNSON
Total Market Value of the School of Management Endowed gift funds:
426
NEW FACULTY & STAFF
427
FACULTY RESEARCH
429
DONOR RECOGNITION
FUNDRAISING HIGHLIGHTS
TOTAL GIFTS FOR 2014/15: $2,098,426
12%
Allocation of giving:
n 62% toward faculty support (includes newly established Hagerman
Faculty Development Professor of Entrepreneurship and Innovation)
n 25% toward student program support (gifts made to the
accounting fund, study abroad, NetPlus!, Entrepreneur Society)
25%
n 12% toward endowed and non-endowed student scholarships
n 1% toward strategic initiatives (gifts made to the Excellence Fund)
March 31, 2014
$1,420,516.04
CONGRATULATIONS
SCHOOL OF MANAGEMENT
DONOR RECOGNITION
DONOR RECOGNITION
March 31, 2015
$3,570,062.33
1%
62%
for academic year 2015 (July 1, 2014- June 30, 2015).
VISIONARY LEVEL
(Over $100,000)
BAKER ROBERSON SCHOLARSHIP
The Hagerman Foundation
Ryan McAvoy
David Beckwith
Cheryl Catton
Mary Caughlin
Laura Chall
PROFESSOR
ROBERT COJEEN SCHOLARSHIP
EXECUTIVE LEVEL
Louis Ciccone
($15,000$99,999)
Yaqian Chen
Jessica Martin
William Crittenden
Lindsay
George Parker
John andFiggins
Kathie Heitmann
Francine Cullari*
Carol
Gao
Jamie Pemberton
PricewaterhouseCoopers
Jeffrey Doyle
Ding Li
Joseph Seitz
DEAN’S CIRCLE
Ed and Melissa Farrell*
WALKER E. FESMIRE ACCOUNTING SCHOLARSHIP
($5,000-$14,999)
Michael Fulgham
Jiaxin Chen
Jamie Pemberton
Carroll Baker and Kimberly Roberson
Eric Gasper
Britney Farlow
Joseph Seitz
Cooper Commercial Group LTD
Patricia Goode
Lindsay Figgins
Susan Wallace
Win
and
Jodie Cooper
Jessica
Martin
Google, Inc.
Nick and Sharon George
Deron Hackney
R. & E. FREEMAN NETPLUS! MBA SCHOLARSHIP
Charles Stewart Mott Foundation
Jessica Hagemeister
Genevieve-Nicole Fischre
Stella Sorovigas
Ruth Person*
Teresa Irland-Munley
David Kazmierski
Robert Vreeland
Rachor
Family
Foundation
William Preston
Jared Williams
Stephen Jacobson
R.
& E. FREEMAN
PARTNER
LEVEL SCHOOL OF
($1,000- $4,999)SCHOLARSHIP
MANAGEMENT
Gregory and
Alexis
Jennifer
Andrew Flagel
Renee
Bishop
Dave and Diana Gibbons
Mary Blondin
David Hoffman
Robyn Brown
Scott and Mary Johnson*
Yaqian Chen
Oliver LaGore VanValin
Dynasty Dyer
Investment Group
Lindsay Figgins
Cathleen Miller*
Matthew Hemric
Plante
Moran
Justin Hernandez
Julius
and
JoAnne Shaw
Diana Hourigan
Rick and
Michele Tromble
Taylor
Keen
Yener Kandogan*
Beverly Karis
Marilyn Kimball
Bryon Killin
Kristine Jozwiak
Herbert Kops
Matthew Lindhurst
Linda Leach
Jessica Martin
Heidi Lund
Ryan McAvoy
Richard Merrill
Marc Middleton
Theodore Nelson
Maxwell Montney
Sharon Peariso
Juliet Murphy
Judy Rappuhn
Edward Sinclair
James Rau
Drey Taylor
Donor Level
(Up to $99)
CHARLES ERICKSON RACHOR SCHOLARSHIP
Joseph Adrid
Elizabeth Rayq
Jacinda White
Chenchuan ShiRichard Allinger
James Baker
THOMAS P. RYAN & THOMAS P.
Jamie Barber
RYAN, JR. SCHOLARSHIP FUND
Keith Barkiewicz
Mary Blondin
Bryon Killin
Arthur Biddulph
Heather Bowman
Meri Kirshman
Matthew
Bohlen
Robyn Brown
Kristine Jozwiak
Raymond Collins Ding Li
Jiaxin Chen
Yaqian Chen Jeremiah Cook*
Teresa Lindhurst
Barbara Cullinan
Jessica Martin
Kathy Elsworth
Dynasty Dyer Antoinette Fahey Ryan McAvoy
Lindsay Figgins
Juliet Murphy
Cynthia Fairgate
Carol Gao
George Parker
Jeanne Force
Aubrey Hammill
Jamie Pemberton
Charles
Gearing
Matthew Hemric
Joseph Seitz
David Greiner
Justin Hernandez
Devon Taljonick
Carl Gretzinger
Diana Hourigan
Susan Thorp
Glo Ivory
Jessica Winowski
Lucille James
Taylor Keen Robert Johnson
Yunyao Zhang
Denise Ketchmark
SCHOOL OF MANAGEMENT
ALUMNI SCHOLARSHIP
Ellen
Klobuchar
Oluwagbounmi Adejuwon
Travis Emmons
Sailab Ajmeri Steven Kramer
Elizabeth Ray
Kristin BowdenFrederick Ledtke
Jared Williams
Erika Bramer Anthony Macksoud
McCoy Accounting
Services
LLC
SCHOOL OF MANAGEMENT
MERIT
SCHOLARSHIP
Rebecca Blakemore
Deborah McMillan Ashley Schram
Joshua Blanchard
AlbertLiving
SteeleTrust
James Mitchell Revocable
Briar Brelinski Patrick Ouellette Lashondra Wafer
Joseph Reynolds
Mariah Delecki
Morgan Wolfe
Patrick Palmer
Michael Witt*
JESSICA HAGEMEISTER CPA SCHOLARSHIP Robert Ringler
John Harris
Jerry Ponder
Emil and Nancy Sabolish
Deborah Ferguson
Roger Slaght
SUPPORTING LEVEL
SCHOOL OF MANAGEMENT
Roderick Reed
Catherine Sluys
Jamie
Pemberton
($500-$999)
STUDY ABROAD
SCHOLARSHIP
Michael
Shegos
John Sullivan
Stephen
Bolerjack
I.
DOUGLAS
MOON SOM UNDERGRADUATE
Joshua Eggleton
Ronnie Prince-Jones
Anna Swartz*
Janette Sullivant
MERIT
SCHOLARSHIP
Sean Lemke
Joshua Schultz
Marc and
Suzanna Holzer
Kelvin Tippit
Gregory Taunton
Jessica
Chase McCrumb
Robert Winowski
and Annie Joubran
Tracy Truchan
James Thibodeau
The
David
A PageCPA
Trust
Account
DAVID
A. PAGE,
SCHOLARSHIP
FUND
DAVID C. TUCKER
CPA and
SCHOLARSHIP
Richard
Pat Utley
Marc and Sandra Warner
Bryon Killin
Roger Slaght
Bryon Killin
George Parker
Michael
Weber
Melody Warzecha
CONTRIBUTOR
George Parker LEVEL
Marcus Richmond
Joseph McGinnis
Jamie Pemberton
($100- $499)
Alan Wilson
West Coast Development LLC
Jamie Pemberton
YEO & YEO ACCOUNTING
Jed Winters SCHOLARSHIP
Richard Bacha
Russ and Kathryn Yurk
TIMOTHY
E.
PURMAN
CPA
SCHOLARSHIP
FUND
Jessica
Martin
Joseph Seitz
Bank of America Foundation
*Denotes faculty or staff of SOM
Bryon Killin
Marcus Richmond
Marcus Richmond
Steven Bartunek
BUSINESS @ UM-FLINT
30
ENTREPRENEURSHIP
DONOR SPOTLIGHT
FACULTY
RESEARCH
SOM FACULTY RESEARCH
SIMA FORTSCH, PHD, ASSISTANT PROFESSOR OF OPERATIONS MANAGEMENT
DEFINED
SMALL TECHNOLOGY INVESTMENT CAN REDUCE UNCERTAINTY IN DEMAND FOR BLOOD,
OPERATIONS RESEARCH FOR HEALTHCARE (UNDER REVIEW)
Finding ways to improve the supply chain has become an important focus in global health care. Its
main challenges are uncertainty in demand, inventory management, and available human resources.
This study addresses some of these challenges faced by blood banks.
“This field study shows that the demand for blood is nonstationary and cannot be accurately forecast
using Excel,” said Fortsch. “Rather, the Box-Jenkins methodology, which requires a small investment
in technologies such as Minitab and STATA
was proven
to be the optimal
choice topresented
forecast demand
for blood.
Thissoftware,
past winter,
the Hagerman
Foundation
the School
of
It reduces the uncertainty in demand for blood up to 400 percent. The technology makes it easy for practitioners to apply
Management (SOM) with a $2 million gift to establish the Hagerman
sophisticated techniques in forecasting and allows them to lower their costs, reduce their blood wastage, and conserve
Center for Entrepreneurship and Innovation. This gift, the largest
this precious and limited resource.”
to date for SOM, is being used to support student scholarships,
a summer program for high school students and faculty teaching
MIN JUNG KANG, PHD, ASSISTANT PROFESSOR OF FINANCE
and research efforts (related to entrepreneurship) as well as partial
THE IMPACT OF THE BIO-TERRORISM ACT ON THE SUPPLY CHAIN AND FIRM VALUE,
JOURNAL OF FINANCE ISSUES (FEBRUARY
2015)
funding
for the student Entrepreneurs Society and award money
On June 12, 2002, President Bush signed
the Public
Health
Security
and Bioterrorism
for into
the law
annual
business
plan
competition.
The gift also inspired a
Preparedness and Response Act of 2002. The Act requires domestic firms and importers to register
new major offered through SOM this fall, Entrepreneurship and
their agribusiness facilities with the US government, to notify Homeland Security prior to shipment
Innovation
Management.
of agricultural products, and to keep records
on the
origination of agricultural inputs and the
destination of agricultural outputs. As a result, the Act significantly altered the regulatory climate for
With
food industry firms who do business in the
US.all of this talk about entrepreneurship and innovation, students
are asking:
is entrepreneurial
Why
is it in
important?
“This paper presents evidence that the passage
of the What
Bioterrorism
Act resulted in anthinking?
average 3.2%
decline
the market
equity value of domestic food industry firms,”
said
Kang.
“Our
analysis
suggests
that
costs
are
increasing
in
the
diversity of
How can I become an entrepreneur?
the firms’ supply chains. Such results imply that food industry should be aware of the cost-increasing supply network due
to the (potential) terrorism and should eventually assimilate its cost to business performance.”
Who better to answer these questions than the donors of this gift,
Phil Hagerman speaks during a press conference
on the UM-Flint campus.
successful entrepreneurs Phil and Jocelyn Hagerman.
QUNFENG LIAO, PHD, ASSISTANT PROFESSOR OF ACCOUNTING
REAL AND ACCRUAL-BASED EARNINGS MANAGEMENT
“Entrepreneurship is creative energy,” said Phil Hagerman, CEO and chairman
IN THE PRE- AND POST-IFRS ADOPTION: EVIDENCE FROM CHINA,
of Diplomat
Pharmacy,
president
of The Hagerman
Foundation, and co-owner of
JOURNAL OF INTERNATIONAL FINANCIAL
MANAGEMENT
AND
ACCOUNTING
(FORTHCOMING)
SkyPoint Ventures.
A-shares are shares in mainland China-based companies that trade on Chinese stock exchanges
“It’sStock
a new
way of thinking.
Changing
the status
for the better, then being
(Shanghai Stock Exchange and the Shenzhen
Exchange).
In 2007, all
listed A-share
firmsquo
in China
catalyst forstandards
change. that
Thishave
involves
coming conformed
up with a to
good idea, then doing
were required to comply with a new set ofa accounting
substantially
what’s
necessary
to
help
it
germinate
and
grow.
Entrepreneurial
thinking
IFRS. With this new reform came new auditing standards and internal control reporting requirements.
isn’t
limited
to
business;
it’s
a
way
of
life.”
The purpose of this study was to investigate the prevalence of both accrual- and activities-based earnings management for
Chinese A-share firms surrounding the adoption
new standards.
“Changesofinthe
society
don’t happen without an entrepreneurial mindset,” added
his wife, Jocelyn
CEOweoffind
Thethat
Hagerman
co-owner
of
“Based on a sample of 4,050 firm-year observations
fromHagerman,
2002 to 2011,
ChineseFoundation
firms in the and
post-IFRS
period
SkyPoint
Ventures.
“This
involves
‘thinking
outside
of
the
box’
on
a
daily
basis;
it’s
(2007–2011) are less likely to engage in accrual-based earnings management,” said Liao. “The magnitude of discretionary
notInsomething
happens
overnight.”
accruals also declines after IFRS adoption.
response, that
we see
firms turning
to real activities manipulation as a substitute
for upward earnings management.
ENTREPRENEURIAL MIND, COMPASSIONATE HEART
“We found that the benefits of IFRS adoption
in curbing
upward
accrual-based
earnings
manipulation
not corner
evenly
Under Phil
Hagerman’s
leadership,
Diplomat
has grown
from aare
small,
distributed across firms. Specifically, the
benefit in
diminishes
for nation’s
firms that
are controlled
by specialty
Chinese pharmacy.
central or local
drugstore
Flint into the
largest
independent
Now
governments, located in less developed regions
or have
weak
financial (NYSE:
performance
therefore
subject
to delistinganother
status.
a publicly
traded
company
DPLO), and
Diplomat
recently
celebrated
We also find that the benefit is less pronounced for manufacturing firms than for their non-manufacturing counterparts.”
3
BUSINESS @ UM-FLINT
FACULTY RESEARCH
SOM FACULTY WORKS IN 2014-15
REFEREED JOURNALS IN PRINT
Syagnik Banerjee
“Assessing Prime-Time for Geotargeting with Mobile Big Data”
Journal of Marketing Analytics
“Genetically Modified Organisms and the U.S. Retail Food Labeling
Controversy: Consumer Perceptions, Regulation and Public Policy”
Business and Society Review
“Mobile Marketing in Emerging Economies: Adaptations and Innovations”
Research Handbook of Marketing in Emerging Economies
Brian Blume
“A Tale of Two Transfers: Disentangling Maximum and Typical Transfer
and Their Respective Predictor” Journal of Business and Psychology
“Foreign Language Training Transfer: Individual and Contextual
Predictors of Skill Maintenance and Generalization” Military Psychology
Erin Cavusgil
“An Investigation of the Black Box Supplier Integration in New Product
Development” Journal of Business Research
“Complements or Substitutes? Internal Technological Strength,
Competitor Alliance Participation, and Innovation Development”
Journal of Product Innovation Management
Weiqi Li
“A Parallel Search System for Dynamic Multi-Objective Traveling
Salesman Problem” Journal of Mathematics and System Science
Qunfeng Liao
“Real and Accrual-Based Earnings Management in the Pre- and Post-IFRS
Periods: Evidence from China” Journal of International Financial
Management & Accounting
Seyed Mehdian
“An Empirical Analysis of the Diffusion of Information across Stock
Markets of New European Union Members” Prague Economic Papers
(*with Mark Perry)
Keith Moreland
“Differences in Learning Styles: Implications for Accounting Education
and Practice” CPA Journal (*with Clement Chen)
Mark Perry
“An Empirical Analysis of the Diffusion of Information across Stock
Markets of New European Union Members” Prague Economic Papers
(*with Syed Mehdian)
PRESENTATIONS
Syagnik Banerjee
“Distraction or Enrichment? Understanding the Impact of Augmented
Clement Chen
Reality Environments” presented at Marketing Science INFORMS, June
“Differences in Learning Styles: Implications for Accounting Education and
2015, in Baltimore, MD.
Practice”
CPA
Journal
(*with
Keith
Moreland)
successful
quarter
(August,
2015). medication. Some of their costs would The Hagerman Foundation presents a $2
In-Store million
Consumer
Experiences
via User-Generated
check
to the School
of Management in
Francine
Cullari
hit a donut hole.
Highlights include: revenue of $808 be covered, then they’d “Understanding
Content from Social Media”
presented
at Marketing Science
support
of entrepreneurship
and INFORMS,
innovation.
“The Benefit Corporation: Corporate Governance and the
to us, it MD.
million (an increase of 49% or $266 million), While this presented a challenge
June 2015, Baltimore,
For-Profit Social Entrepreneur” Business and Society Review
Pictured from left to right: Phil Hagerman,
challenge to
an(*with
increase
of Hemphill)
19% in total prescriptions presented an even greater
Thomas
Hagerman,
Chancellor
Borrego,
“Visualizing Active TravelJocelyn
Sentiment
in an Urban
Context” Susan
presented
find a wayConference
to and Dean
dispensed
International
in Travel
Behavior
Research, July 2015,
Scott
Johnson.
Sima Fortsch and an adjusted EBITDA our patients. We neededatto
London, UK.
“Small Technology
Helps Forecastto
Demand
Blood
helpFor
them.
increase
of 287%.Investment
More importantly
Phil explained. “Along with growing your
Accurately” Transfusion
Journal
Clement Chen
Hagerman,
patient satisfaction
rates are
“Diplomat
had
been
developing
it’s important
to Implications
reinvest in
“What is the Deal with Allbusiness,
of This Learning
Style Discussion?
Thomas
Hemphill
over
99%
(based on an annual Patient
connections
with national
charitable
for Accounting
Educationthe
and Practice”
presented
at American
community.
People
wantAccounting
to work
“The Benefit Corporation: Corporate Governance and
the For-Profit Social
Satisfaction Survey conducted in 2014).
AssociationWe
Annual
August 2014,that
Atlanta,
Entrepreneur” Business and Society Review (*with
Francine Cullari)and foundations.
organizations
gotMeeting,
for companies
areGA.
having a positive
Johnson
“Patentof
Assertion
Entities: success
Do They Impede
and Technology
with these Scott
groups
and other impact in the world beyond hiring local
“Most
Diplomat’s
can Innovation
be in touch
“Valuing the Teacher Scholar in Business Education” presented at
Commercialisation?”
Technology
Analysis
&
Strategic
Management
traced back to entrepreneurial thinking agencies to identify programs that would employees. When they see your company
International Conference on Business and Information, July 2014,
“Responsible
Innovation
and Patent
Assertion
of
helpJournal
cut patients’
costs or
eliminate
and
our company
philosophy,
‘Take
goodEntities”
Osaka,
Japan. their becoming the catalyst for change, they’ll
Responsible Innovation
2014,Laurence
we secured want to be a part of it.”
care of patients, and the rest falls into copay altogether. In Greg
“Wholly Owned Foreign Subsidiary Government Relations Based
in financial
place,’”
he shared. “We make it a priority more than $55 million
“A Six-Nation
Comparative Study on the Psycho-Social Mechanism of
Strategies in the Philippines” The Routledge Companion to
Phil’s approach
to Congress
leadership
evolved
Working
Long Hours” presented
at International
of Applied
toNon-market
not let patients
fall through the cracks. assistance from third-party organizations
Strategy
from
the
example
his
father,
Dale,
taught
Psychology, July 2014, Paris, France.
It
is our
high-touch service model that and commercial assistance programs to
Yener
Kandogan
early
on. as
From
the time
he wasto old
“Enjoyment of Work andhim
Driven
to Work
Interacting
Motivations
Job
patients cover their medications.
differentiates
other
pharmacies.”
“Freedom and us
thefrom
Emerging
Global
Middle Class” help
International
Craft” presented at Academy
of Management
Annual
Meeting,
August
enough
to
drive,
he
went
into
work
with
Business Review (*with Scott Johnson)
Diplomat now has a staff2014,
of 22Philadelphia,
employeesPA.
While this approach sounds simple in
his dad and helped with all aspects of the
Min Jung Kang
whose jobs are dedicated
to reducing
“Evidence
for thethe
Differential
Effects from
of Self-Initiated
vs. Organizationtheory,
it
is
actually
quite
complex.
Beyond
business:
sorting pop
bottles in the
“The Impact of the Bio-terrorism Act on the Supply Chain and Firm Value”
financial barrier for our Imposed
patients.”
Overload” presented at Academy of Management Annual
Journalahead
of Finance
staying
of Issues
new advancements in
basement PA.
to running the soda fountain
Meeting, August 2014, Philadelphia,
medicine
and the pharmaceutical industry, Phil considers social responsibility to be with his sister to working in the pharmacy
C. Peeth Kartha
Jie Li
Determining
the Optimal Sampling
for Feedback
distinguishing “Paternalistic
factor between
it “On
requires
relationship
building Frequency
with another
hisPerformance:
father.
Leadershipalongside
and Follower
The Role of LMX
Quality Control Systems” Scientific Annals of the “Alexandru Ioan Cuza”
and Identification
with Leader” presented at Academy of Management
it often
doctors, payors, and the pharmeutical Diplomat and other companies;
University of Iasi
was ‘your
job’,” he recalled.
Annual
Meeting, He
August“Everything
2014, Philadelphia,
PA.
decisions.
industry; an understanding of patients’ guides his entrepreneurial
Greg Laurence
“You
had
to
do
what
had toand
beTaking
done.
with Leader as Mediator between Leadership
was born and raised in “Identification
Genesee County
needs
and approaches
to problem
solving.Self-Representations:
“Diplomas,
Photos, & Tchotchkes
as Symbolic
That’s
the
way
a
lot
of
small,
start-up
Charge” presented at Academy of Management Annual Meeting, August
Understanding Employees’
Individual
Use of as
Symbols”
andAcademy
feels strongly about
giving back to
“Entrepreneurs
see every
problem
2014, Philadelphia, PA. businesses work.
of
Management
Journal
an opportunity—a chance to grow,” said the communities where he lives (Fenton)
Cathleen Miller
“Fear
Terror
and Increased
Burnout over Time:
andExamining
works (Flint).
Phil.
“Aoffew
years
back, theJobgovernment
“Approaches
like those
shared here
“Sustainability Reporting:
Information Asymmetry
andI’ve
Message
the Mediating Role of Insomnia and the Moderating Role of
Inconsistency” presentedaren’t
at American
Accounting
Association
introduced Medicare Part D, which
always
applauded,
but they are
Work Support” Journal of Organizational Behavior
“Big businesses sometimes
their
Annualforget
Meeting,
Augustat
2014,
changed the way patients pay for
theAtlanta,
heart GA.
of entrepreneurship—going
roots; we work hard not to forget ours,”
BUSINESS
BUSINESS@@UM-FLINT
UM-FLINT 28
4
received $5,000 to help fund their plan. The judges consisted of
business people in the community who offered feedback and
suggestions for each team presenting in the final round. So, we
value student involvement in the community and recognize that
this networking provides a strong grounding for future success.
strategic planning. Each
committee
representatives
“It was
actuallyhas
the
experiences I from
had
across the many programs
departments
in the home’
university.
duringand
those
12 years ‘staying
that
SOM faculty are represented
on shaped
these various
committees
to
have most
my way
of thinking,”
help the university function
efficiently and effectively.
she said.
How does SOM support
looking
to
While working
raising professionals
their children,
Jocelyn
prospects?
There seems to be a trend in higher ed towards more further their skills orbecame
deeply involved in service
our academic
programs
such as She
the
focused management programs (i.e. innovation management, Our main focus is on
projects
both locally
and abroad.
Administration,
the Master
of Business
design management, cooperative management, etc.). Are there Bachelor of Business coached
basketball
and cheerleading,
Administration, and the
Master ofatScience
in Accounting.
new majors or areas of study SOM is considering adding?
volunteered
her children’s
schoolsSo,
in
working
professionals
to take
Yes, I think it is a natural tendency for programs to evolve and I would certainly encourage
Fenton, and
assisted
with legal, structural
At theaspects
undergraduate
do
become more specialized. Not long ago, there were programs advantage of these programs.
and financial
of the St.level
Lukewe
New
thatCenter
helps student
complete
thewent
finalon
two
across the country in distribution or logistics. This has now have an online option Life
in Flint. She
recently
a
to comewhere
to campus.
Our
morphed into a more comprehensive term called supply chain years of their degree without
missionthe
tripneed
to Romania
her group
popularatoption
for working
professionals
management (SCM). In recognition of this important area NetPlus! MBA is a very helped
a hospital
caring for
sick babies
MBA.
Each course meets face to face for
of business, we will begin to offer a new major in SCM in fall wanting to pursue an and
children.
2016. A similar example is what has traditionally been called a half day on Friday and Saturday twice during the semester.
“Working in these different contexts
call this
a mixed-mode course option. This provides the
smallDale
business
evolved Specialty
into We
and Phil management.
Hagerman shake This
handsconcept
in front ofhas
the Diplomat
Pharmacy
logo.
opened my eyes to what it is that people
entrepreneurship and innovation. This fall, in 2015, we will opportunity to know students and professors in a face-to-face
need most,” she explained. “I realized
begin offering a new major in Entrepreneurship and Innovation environment, but also takes advantage of the conveniences of
how fortunate I was to have been raised
Management. At the graduate level, our Masters of Science in online learning. We also offer graduate certificate programs in
by two, loving parents. Family has a
Accounting is still relatively new. The program is now in its third many areas of business that can serve as a refresher for working
profound effect on a child’s development
year and has seen excellent growth. Finally, the MBA will offer professionals who may already have a degree.
and future. I’ve also realized the role of
a new concentration in Organizational Leadership.
OurDiplomat
facultyco-founder
— Dale Hagerman,
Outside of our normal
academic
theand
School
education
in aprograms,
person’s life
how of
it
are very innovative and aggressive in creating new programs
Management
at the Riverfront
can morning
pull themseminars
out of different
situations
SNAPSHOT Diplomat (NYSE: DPLO) serves patients and physicians
in all 50offers free
that will help our students be successful.
on various topics
as significance
“how to buy
and and
sell
as wellsuch
as the
of living
states. Headquartered in Flint, Michigan, the company focuses Center
on medication
a
company,”
“the
physician
as
entrepreneur,”
and
“creating
How
does
the
university’s
location
in
and
relationship
working
in
a
community
that
you’re
management programs for people with complex chronic diseases, including
a business
that has proud
value.”of—where
We bring you
in guest
speakers for
withoncology,
a city like
Flint benefit
SOM students?
feel safe.
immunology,
hepatitis,
multiple sclerosis, HIV, specialized
infusion
Whattherapy,
I find fascinating
aboutserious
Flint isor
that
people conditions.
can literally these morning sessions who are experts in these areas. We
and many other
long-term
“Phil and I have always believed in giving
see the positive changes that are happening around us on a also offer an Economic Forum each December with local and
back. We recognized that we could have
MISSION At Diplomat, we blend clinical excellence with a personal touch—
daily basis. The college town feel is rapidly evolving in Flint. out-of-state experts who discuss the regional and global
an even greater impact by starting a
for happier lives and health that lasts.
UM-Flint has been growing at a faster rate than the majority economic outlook.
foundation and being more strategic
A FAMILY
traces
roots
backhigh
to 1973 when Ideal
of other
public BUSINESS
universitiesDiplomat
in Michigan.
Weitsoffer
a very
with our gifts. It was this ‘entrepreneurial
the
store that
became
thetofirst
Diplomat, opened in
valuePharmacy,
education.
Students
areeventually
choosing to
be here
attend
thinking’ guided by the three values
Flint.
It was the
in aand
small
chain
partFlint
by Dale Hagerman,
a great
university
likefourth
UM-Flint
also
be aowned
part ofinthis
of family, education, and community
R.Ph. Two years later, Dale traded in his stock to buy the store shortly after
renaissance.
that eventually led to the birth of The
his son, Phil, graduated with a pharmacy degree from Ferris State. The
How does SOM leverage its expertise and resources when
Hagerman Foundation.”
father-son team founded their new specialty pharmacy under the name
working with other colleges/units within UM-Flint and the
Creating opportunities for other aspiring
Diplomat. Today, Phil’s daughter Jennifer Hagerman, Pharm.D., represents a
University of Michigan system?
entrepreneurs is also important to the
third generation of Hagermans contributing to Diplomat’s success. She is the
There are tremendous opportunities at UM-Flint for partnering
Hagermans. This was the inspiration for
company’s associate vice president of education and training and the current
and being engaged across various programs and departments.
the couple to start SkyPoint Ventures.
president of the Michigan Pharmacists Association.
I think one of the challenges for faculty is to simply learn about
Located in the Dryden Building in
the many things and then choose how to be engaged. There is
downtown Flint, SkyPoint Ventures seeks
the
Innovation
Incubator
on ‘business
campus, various
research by
support
the desire to help others. opportunities to invest in businesses and
against
the status
quo of
as motivated
programs,
MHealthy
initiative,
the Thompson
Center
She grew
up forin Michigan’s Upper real estate. Two of these investments
usual.’ As the
Diplomat
grows,
our team
Learning
mentoring opportunities,
and University
then attended Central Michigan include the Ground Floor Market and
continuesand
to Teaching,
be entrepreneurial
in the Peninsula,
Outreach.
Also,
as
you
know,
the
faculty
are
very
in
she majored
in management. Aframes, a local eyewear company
way they approach their jobs. This is where involved
the
governance
of
the
university.
There
are
many
committees,
what gives us our competitive edge and After graduation, she gained professional (started by Flint-area entrepreneur Wes
both
at the SOM
level and
at the
university level,
whereworking
faculty in marketing and sales
experience
will support
our growth
in the
future.”
Stoody) that donates $2 to Helen Keller
make important decisions about programs
andmarrying
initiatives.
before
Phil and deciding to stay International for each pair of glasses sold.
REALIZING
OPPORTUNITIES,
In
my experience,
I always liked serving onhome
various
university
with
their children. Today, Jocelyn is The company owns the Dryden and Ferris
committees
because
it gave me the chance to
meet
faculty
and
INVOKING
CHANGE
the CEO of The Hagerman
Foundation and buildings in Flint, the Beanery in Fenton
staff
members
outside
of
my
particular
college.
For
example,
Throughout her life, Jocelyn Hagerman president of SkyPoint Ventures.
(future of home of Red Fox Outfitters)
there
are drawn
committees
that support
has been
to creative
thinkingthe
andThompson Library, the
and other properties in Chicago and
International Office, and an advisory committee on budget and
“
DIPLOMAT
Take good care of patients,
and the rest falls into place.
”
t
5
BUSINESS @ UM-FLINT
Jocelyn Hagerman assists with the grounds
clean up at AGS Middle School in Fenton. The
Hagermans helped support this initiative.
NEW FACULTY & STAFF
SOM NEW FACULTY
“We &
wantSTAFF
to keep the creative energy
flowing,” said Phil. “We want the Flint
a vibrant center for
ACADEMIC ADVISORcreativity. By supporting the School
Hagerman
Foundation
was
Anna Bennett Reed
excited to joinwe
thehope
Schooltoofattract
ManagementThe
at the
University
of Michigan-Flint.
of isManagement,
established
in
the
summer
of
2014
She is from Indianapolis,
Indiana,
where she
earned her
BA in French with concentrations in German
students,
business
leaders,
and
with
one
mission
in
mind:
and accounting from
Butler University.
earnedthen
her MA
entrepreneurs
here She
to learn,
to in applied sociology with a focus on urban
renewal from the University
of
Indianapolis.
She
has
over
15 years oftoexperience
as animprove
academicthe
advisor
brighten and
grow their businesses.
Charlotte. SkyPoint’s managing director is
and an academic coach, and is dedicated to helping students succeed.
lives of future generations.
Bryce Moe, who has years of experience
“The University is an important anchor
Phil and Jocelyn Hagerman established
running his own business and assisting
in the Flint community. The success of
the Foundation as a way of creating
others with theirs.
these two entities go hand-in-hand. That
greater
impact and positive change.
is why we chose to make this gift to UM“All of the people we’ve
with
ROZworked
NOWOSIELSKI,
MBA,
CPA
Flint. We believe in the leadership of
RECIPIENTS
through SkyPoint have
the integrity,
LECTURER
OF ACCOUNTING
Dean
Johnson
and
Chancellor
Borrego;
Carriage
Town
attitude, and ability to be entrepreneurs
Roz Nowosielski holds
an
MBA with
a concentration
in managerial accounting from Wayne State University
our
money
has
been
well
spent.”
Diaper
Bank
of
Genesee
County
in their own space,” Jocelyn said. “This is
and a BBA from the University of Michigan-Dearborn. Her professional experience includes working in
Place
what drives these different ventures.”
added,
“It’s
a privilege
to public accounting Ele’s
private industry onJocelyn
the financial
staff
of been
General
Motors and
as a CPA with a firm in the
Ferris
State
University
work with the University so far, and
related to auditing, managerial
LOOKING AHEAD Metro Detroit area. She attends professional conferences and seminars
Flint
River
Watershed
Coalition
we’re
looking topics.
forward to the exciting
accounting,
and other
accounting
Phil and Jocelyn want the new
community
Forever
Changed
International
plans unfolding for the future. SOM
ventures they helped create to grow
Freedom Center
offers a unique model. We’d like to see it
and prosper. This is why the couple is
The Girls Court
become the place people from all across
investing heavily in both the community
Hurley
Children’s Center
the county go to learn entrepreneurship.
PhD
and education as a waySANDUN
of preparingPERERA,
the
The Pink Fund
“I also
our gift as a AND
way of
passingCHAIN MANAGEMENT
ASSISTANT
OFsee
OPERATIONS
SUPPLY
entrepreneurs of tomorrow
withPROFESSOR
the
University of Michigan-Flint
on
my
husband’s
legacy—his
mindset
knowledge, confidence, and
skills
they received his PhD in Operations Management as well as an MBA
Young
Camp
Sandun
Perera
andLife
an MS
in supply chain
and
his
positive
attitude.
That
is
what
need to follow in their footsteps.
management from the University of Texas at Dallas. He also holdsthehagermanfoundation.org
a doctorate in financial mathematics,
entrepreneurship
is really
about.”
and master of science
degrees in statistics
and
applied mathematics, and in mathematics from Florida
ANNA BENNETTarea
REED,
MA
to become
t
Atlantic University. He earned his BS in finance, business, and computational mathematics with first
class honors from the University of Colombo, Sri Lanka.
Dr. Perera’s research broadly focuses on supply chain management, the operations-finance interface,
the operations-marketing interface and financial engineering. His research has appeared in journals
such as Operations Research Letters, Risk and Decision Analysis, Mathematical Finance Letters and European
Journal of Operational Research. He received the Financial Services Section Best Student Research
Paper Award (second place) from the Institute for Operations Research and the Management Sciences
(INFORMS) in 2012. He is currently a member of the editorial review board of International Journal of
Business Analytics.
The Maize and Blue Distinguished Scholar Award is the highest academic
award bestowed upon graduates of the University of Michigan-Flint, and
is presented to no more than 13 graduates at each spring and winter
SHICHUN (ALEX) XU, PhD
commencement ceremony. During the 2014/2015 academic year, five
ASSISTANT PROFESSOR OF MARKETING
SOM students received this honor.
Shichun (Alex) Xu earned his PhD in marketing with a minor in international business from Michigan State
University in 2007. Before joining UM-Flint, he was on the faculty at University of Tennessee-Knoxville. Xu
will be teaching courses in new product development and marketing strategy.
MAIZE AND BLUE
DISTINGUISHED SCHOLAR AWARD
CONGRATULATIONS
to this year’s Maize & Blue Award winners!
Xu’s research interests include new product development, international marketing strategy, and
channel relationships. He has published in the Journal of Product Innovation Management, Management
DECEMBER
2015 and the Journal of
International Review, Journal of Business Research,
Journal2014
of InternationalMAY
Marketing,
International Business Studies among others. Danielle
His current
research
focuses
on
effective
Adams
Joshua Smith management of
research and development alliances to facilitateErin
knowledge
transfer between
alliance partners and to
Dail
Elyssa Staffne
increase the innovation output of alliances.
Meri Kirshman
BUSINESS @ UM-FLINT
26
ALUMNI SPOTLIGHT
BE B OLD.
THAT IS THE THINKING BEHIND UM-FLINT’S RECENTLY
ANNOUNCED VICTORS FOR MICHIGAN CAPITAL CAMPAIGN.
The Victors for Michigan Campaign involves the entire University of Michigan community –
Ann Arbor, Dearborn, and here at Flint. Each campus, school, college, and unit has joined in
the campaign, each pursuing its own objectives and priorities, but all united by a shared vision.
Each one of you can be a Victor for UM-Flint. Every dollar raised will make a meaningful
difference for our students, faculty, campus, and the greater community.
At Michigan, the idea of being a victor has always extended beyond the athletic arena
to a university community whose members continually better themselves to make the
world a better place. Victors stand for something, stand with someone, and, above all else,
stand together.
Our victors, too, believe it’s time to be bold, to step up our support of academic excellence
and access to education. It’s time to be bold and support those who are completing degrees,
undertaking complex research and finding uncommon solutions to common problems facing
our community. It’s time to be bold; to stand and deliver on a promise.
The Victors for Michigan campaign offers alumni and friends the opportunity to make a real
and lasting difference in the future of UM-Flint – and, in turn, the future of our city, our region,
and beyond – by making strategic investments in three important areas:
• Student Support: Guarantee that a diverse group of the region’s brightest students will
be able to study at UM-Flint. There is no higher priority in this campaign than ensuring all
admitted students are able to enroll, attend, and succeed here.
• Engaged Learning: Transform and expand the UM-Flint education by extending academic
excellence from the classroom into real-world experiences that develop students’ global
purview and a creative, entrepreneurial mindset. We practice engaged learning as a
pragmatic and scholarly endeavor, one that creates useful results for communities, but also
adds to knowledge in a scholarly manner.
• Big, Bold Ideas: Create more than incremental change by focusing on big, bold ideas that
dramatically and substantially impact our university and the community. Included in those
investments are initiatives such as an Urban Community Research Center, enhancements
in the STEM programing, and much needed strategic capital projects like upgrades to the
Frances Willson Thompson Library and the Recreation and Wellness Center to bring these
buildings into the 21st century.
At UM-Flint, it’s our time. Right now is the moment when you will make an impact, a time when
your participation can change the life of a student, a community and a region.
BE A VICTOR FOR UM-FLINT. TOGETHER, WE WILL BUILD ON OUR PAST SO THAT
STUDENTS OF TODAY – AND TOMORROW – WILL ACHIEVE, LEAD, AND SUCCEED.
Sydnee Morin & Danielle Adams
1
BUSINESS @ UM-FLINT
SISTERHOOD
OF
CONVERSATION WITH THE DEAN
SUCCESS
&
WITH
DEAN JOHNSON
As they were growing up in their snacks and other goodies as a way of “To sit for the CPA exam, you need to
hometown of Swartz Creek, sisters meeting students who may be interested have 150 credit hours,” she explained. “By
choosing
major, I had
enough
Sydnee
Morin (BBA
’11) andPhD,
Danielle
inresearch,
internships
possiblyCan
careers
at an
youhere
provide
updatethe
on dual
the Hagerman
Center
for
In this interview,
Scott Johnson,
discusses
theor
new
credits
to take theHow
exam
without
having
Adams (BBA
’14)opportunities
enjoyed playing
with Plante
Moran,”
explained
Morin.
and
Innovation?
will
the center
Hagerman
Center,
with students,
and the
School
of Entrepreneurship
tofurther
go for anenrich
MBA.” the experience of
many
of the same
toys
dolls and
its resources
Management’s
ties in
the(Barbie
community
with UM-Flint
staffinvolvement
writer and
The sisters’
in recruitment
is
Matchbox
cars),
doing
many
of
the
same
UM-Flintatstudents?
Robert Gold.
rooted both in their positions
the firm When Adams was admitted to the
activities (pretending to be teachers and
were extremely
and she
humbled
by sure
a generous
gift
University,
wasn’t
what she
and their experiences We
as students.
Morin, grateful
traveling
withnew
theiror families),
even
from
Phil
and
Jocelyn
Hagerman.
The
gift
establishes
the
Are there
emergingand
areas
of research
SOM
faculty
originally a psychology major, decided to wanted to study. She “just knew it wasn’t
competing
in the same
(tennis,
golf,
Hagerman
Entrepreneurship
andHaving
Innovation.
are undertaking
thatsports
you are
particularly
about? after
to be science.”
seen The
her
go excited
into accounting
taking aCenter
course forgoing
and
center
will
coordinate
student
scholarships,
support
a
summer
Howbowling).
would you characterize the variety and
scope
of
SOM
in the subject and being asked to tutor sister enjoy accounting so much, she
program for high school
students,
provide
for
faculty
research?
decided
to give
it a faculty
try. Ansupport
internship
Still close
today, these sisters now enjoy other students.
teaching
and
research
efforts
in
entrepreneurship,
offer
partial
There
are
many
exciting
new
areas
of
research
by
School
of
she had early on helped her realize
many of the same successes. Both
“It programs,
was whensoDr.
askedfor
methe
to student
be
funding
Entrepreneurs
Society,
provide
an
Management
faculty. Weofoffer
a broad
set of
wePeng
accounting
was the
perfectand
fit for
her too.
received
the distinction
Maize
& Blue
a tutor
for his accounting
class
that
award
for
our
annual
Business
Plan
Competition.
In
addition,
have
faculty
doing
research
in
many
areas
such
as
accounting,
Scholar, the highest award presented
I realized that I had stumbled into “During fall of my sophomore year, the
finance,
human resource
management,
by the University
of Michigan-Flint
to ainternational business, the gift will help support a nationally recognized faculty scholar
Honors
advisor
required
us to
something
I was good
at and enjoyed The
in entrepreneurship.
goalProgram
is to help
students
understand
management
systems,
marketing,
organizational
limited numberinformation
of students at
graduation,
the campus
as aheart
way
doing,”
said. “Then,
junior year, I attend
that entrepreneurship
is an exciting
pathcareer
and isfair
at the
behavior
and supply
chain
management.
Theshe
research
and
both landed
positions
at one
of the
of
practicing
our
professional
skills,”
said
started
exploring
internships.
I
didn’t
look
becomes
quite focused
leading accounting
firms within
in the these
world, areas. For example, of a market driven economy. Entrepreneurs are the drivers of
we
have
faculty
doing
research
on
topics related to mobile economic growth, jobs, and wealth creation. Certainly not all
Plante Moran.
marketing, corporate social responsibility, the emerging global students will want to go out and start a business, but we want
“She
setclass,
the bar
high,” said Adams
her
middle
self-expression
in theofworkplace,
IT alignment in to give a head start to those who choose that route.
older
sister.
supply chain partners, and intuition in the venture founding
How important and valuable is community outreach for
process.
These areI just
of the
interesting projects faculty
“And everything
did, some
she did
better,”
the School of Management? What opportunities do
are
saidinvestigating.
Morin.
students have to learn from or network with business
professionals outside the university?
How
does
that
research
further
the
education
and
career
Morin and Adams are now part of the tax
The community we live in makes for a much richer experience for
preparation
of
students?
staff at the Flint office of Plante Moran, the
Faculty
research
keeps
ouraccounting
professors engaged in their students and faculty. In the past year we had 12 faculty members
13th
largest
certified
public
— Danielle Adams
areasbusiness
of expertise.
The
point
is United
not to simply repeat what who taught courses labeled as Civic Engagement courses.
and
advisory
firm
in the
design
the courseAdams.
to create
special
projects
is
in a with
textbook.
Thelocated
goal is throughout
really to helpinto
identify
trends
in at Faculty
“I was
youngstudent
and didn’t
really
Plante
Moran
first, since
I didn’t
States
offices
and
learning
experiences
that
are
experiential
and
hands-on.
various
industries
and
help
students
anticipate
how
these
expect much. Little did I know at the
the Midwest and international locations think they would even consider me at the
We are also
part
of the Volunteer
Tax Assistance
trends
will affect
For example,
all industries
time thatIncome
this experience
would(VITA)
lead
I was at inare
my education.
But
after
in
Mexico,
China,their
and careers.
India. While
the point
program.
Dr. Cathy Miller teaches
theinternship
tax courseat
during
each
tax
being changed
by the continuing
movement
to digitization.
to my first
Plante
Moran
discovering
that they offered
internships
sisters
work independently
of each other,
season
and
students
work
with
elderly,
disabled,
or
otherwise
However,
the
interesting
question
is
how
this
technology
later
the
same
year.”
to
students
in
their
junior
year,
I
applied.
both collaborate as members of teams
needy individuals
to help them file income taxes. Students learn
will
transform
our to
world.
manufacturing,
Then,
I did a second internship
with the
providing
tax services
clientsRobotics,
and assist lean
As she worked on finishing up the
taxes
are able to be engaged in the community to
electronic
medical efforts
records,
relationship
firm during
my senior about
year and
wasand
hired
with
recruitment
byelectronic
frequentlycustomer
courses she would need for her
offer assistance. We also have over 30 internships each year
management
systems,
full communication
time after graduation.”
visiting
their alma
mater.and ubiquitous global
dual major, Adams took advantage
networks all point to very different ways we will work and where students work directly with business managers to gain
of an education abroad opportunity
In addition to internships, Morin enriched
“We’ve
delivered
classroom
presentations,
compete in the future to create value and relevance. Research insight about an industry and a job. These interns have the
that included experiences in Japan
her education with experiences she
presented
to
Beta
Alpha
Psi,
met
is about creating new knowledge and adding to the existing opportunity to learn the business and connect their academic
and Taiwan.
had
as
part
of
the
Honors
program,
an
with
students
career definitely
fairs/employer
knowledge
base.atStudents
benefit by having professors work with the real world. We also had a very successful Business
abroad trip to China, and a
marketplaces,
even
manned
a ofeducation
“My travel
gave
me
a
Plan Competition with 12 student
teams abroad
competing.
There
were
who stay currentand
in their
respective
areas
expertise.
and finance.
‘granola table’ where we gave away free dual major in accounting
greaterone
appreciation
for
the role
of
five finalist teams and, of course,
winner. The
winning
team
“
Little did I know at the time
that this experience would lead
to my first internship at Plante Moran...
”
BUSINESS
BUSINESS@@UM-FLINT
UM-FLINT 24
8
intercultural
communication
ALUMNI
SPOTLIGHT in business
on a global level,” she said. “Interestingly,
although we were studying the cultures of
Japan and Taiwan, our guide spoke quite
a bit about how what he had encountered
working in Germany differed so greatly
from the cultural norms he had become
accustomed to in Taiwan. International
business isn’t just being discussed in the
U.S.; it’s a part of business everywhere. ”
The lure of Plante Moran to young,
successful business professionals like
Morin and Adams is rooted in the
company history. For the past 17 years,
the firm has ranked among the nation’s
“100 Best Companies to Work For” by
Fortune magazine.
“What distinguishes Plante Moran from
other accounting firms is that our main
focus is people,” said Ken Leslie, office
managing partner of Plante Moran’s
Flint location. “We offer clients the
attention and value they deserve and
are constantly seeking ways of fostering
a fun, supportive work environment for
staff. This is our recipe for success.”
Since moving to the Flint office in 2010,
Leslie and the other Flint office partners
have been strengthening ties between
his firm and the University of MichiganFlint by increasing recruitment efforts
on campus and offering more internship
and career opportunities. Leslie is also
an active member of the School of
Management (SOM) Advisory Board.
“Our relationship with the University is
important to us for several reasons,”
explained Leslie. “First, we recruit all
across the Midwest, and I think the
brightest are here in Flint. UM-Flint
Ken Leslie has over 35 years of experience
with Plante Moran. In 2012, he became office
managing partner for the firm’s Flint location.
Leslie is also a member of the SOM Advisory
Board and instrumental in initiating a new
scholarship, the Plante Moran Accounting
Scholarship, being offered for the first time this
fall semester.
9
21
BUSINESS
BUSINESS@@UM-FLINT
UM-FLINT
PLANTE MORAN
PARTNERSHIP OF SUCCESS Over the past six years, Plante Moran’s Flint office
has offered 40 internships and hired over 30 entry-level staff. More than
half of these new hires are graduates of the University of Michigan-Flint,
bringing the total number of UM-Flint graduates in the office to over 20.
Recent graduates of the University of Michigan-Flint. Pictured left to right: Sydnee Morin
(BBA ’11), Chris Gilbert (MSA ’14, BBA ’12), Danielle Adams (BBA ’14), Matthew Schultz
(MBA ’12, BBA ’11), Jo Ann Smith (BBA ’99), Ashley Johnson (BBA ’11), Chrystal Simpson
(BBA ’13), Jade St. Cin (BBA ’13). Others not pictured include: Jimi Afolabi, Jenn Badour,
David Cheesebro, Meri Kirshman, Michael Machala, Amar Rushing, Sarah Springer,
Janette Sullivant, Greg Taunton, Pam Wisniewski, and Kevin Zonca.
SOM GRADUATE BECOMES
FIRST CFO OF THE
graduates are unique in several ways.
They possess a strong work ethic,
business savvy, a higher level of maturity,
and a service-oriented approach. This
is why we hire so many of them. We’re
a very satisfied customer of the School
of Management.
professionals appreciate efforts by the
firm to ensure success from the time
they are hired in. Both Morin and Adams
shared that they found Plante Moran’s
“buddy system” to be another benefit of
working there. As part of this mentorship
program, new hires are paired with
experienced professionals as a way of
easing the transition from college to the
professional world.
DETROIT LIBRARY
“Second, as a ‘customer,’ we want to
do whatever we can to improve the
University’s ‘product.’ Serving on the
Advisory Board allows us the opportunity
This past year, Antonio Brown (MBA
to offer input on ways of improving
’09, BBA ’04) became chief financial
SOM programs so that graduates are
officer (CFO) of the Detroit Public Library,
adequately prepared for the professional
the largest library system in the state
world. It’s a great cycle of success.
and sixth largest in the nation. He is
“Finally,
its
the first the
CFO firm
to bewants
hired to
in continue
the library’s
legacy.
Over
the
next
few
years,
there’s
150-year history.
going to be a shortage of CPAs. Firms will
“My job is to ensure that the decisions
be competing to attract new employees.
made today for the library system help
We want students to think about starting
it to remain financially viable for another
their careers with Plante Moran even
150 years,” said Brown.
before graduation.”
“Because the library is a government
In addition to being drawn in by Plante
organization, it is heavily funded by
Moran’s management philosophy and
the support of the residents of Detroit
aggressive recruitment strategies, young
“Your buddy makes it possible for you
through a millage that is renewed every
to hit the ground running,” said Morin.
10 years. Limited resources means
“You’re not spending your first year or
prioritizing budget needs to maintain
two getting coffee for people. Before
operations. Unlike for-profit businesses,
you even start, you know there is
where you have the option of raising
someone that you can come to with your
prices to meet profit margins, in a
questions—someone who wants to see
government entity you have to balance
you succeed.”
needs with resources given. It gets
Adams
added,
“Although
were each
complicated
managing
21 we
branches
of a
assigned
different
buddies,
I
know
library system, but my experience with
from
experience
howeducation
importantfrom
a close
the City
of Flint and
the
relationship
like
that
can
be.
Working
at
University of Michigan-Flint has prepared
the
same
as my
sister has made me
me to
takefirm
on the
challenge.”
feel much more comfortable starting my
As chief financial officer, Brown oversees
career. It’s been like having my own, builtall areas of financial management. This
in buddy.”
t
includes managing cash flow planning,
directing the preparation of all financial
materials for year-end financial activities,
ensuring timely submission of all reports
and budgets, developing financial
business plans and forecasts, overseeing
the corporate compliance program, and
other related activities.
I’m delighted that my decision helped
influence my brothers to attend such
a great school. We were the first in our
family to graduate from college. This now
sets a new barometer for our children—
that graduation from college is almost
mandatory, preferably from one of the
University of Michigan schools.”
“Managing the finances for such a large
institution in a major U.S. city does get
stressful at times,” Brown admitted.
“The story of Detroit has been well
documented, yet there is a feeling of
Brown’s decision to pursue accounting
grew out of the mentorship he received
from Dr. Cathy Miller, his professor for
Accounting I and II.
“
choice forSTUDENT
me. Having
earned my MBA,
ENTREPRENEUR
I now have unlimited options and meet
requirements for top executive positions.
I feel that my career has just started to
take off.”
While Brown is successful in his role at
the Detroit Public Library (and managing
his own CPA office in downtown Flint), he
considers his greatest accomplishment
to be his family.
“This past August, my wife and I
celebrated 11 years of marriage,” he
SCHOLARLYPENS
”
I am a Michigan Man. The University of Michigan-Flint gave
me that start, and it has catapulted my career. I am thankful and
grateful to all faculty and staff at the School of Management...
It started off as a hobby. Greg Hooper,
who grew up learning how to woodwork
from his dad, received a lathe late last
optimism. I feel the same optimism
year. Shortly after getting this gift, a
every day I come to work and engage
visitor stopped into his uncle’s lumber
in conversation with the employees and
yard in Holly, where Hooper works.
patrons that visit the library. I know I
“A
gentleman
came into
lumber
have
been prepared,
so the
I trust
that yard
God
with
a wooden
pen,”the
saidexperiences
Hooper, who
is
will guide
my steps,
that
studying
entrepreneurial
have gotten
me this far, management
mentors, my
through
School ofI received
Management
team, andthe
the education
in the
(SOM).
School of Management. This is why you
go to UM-Flint.”
“I asked him how he made it, where he
got
the was
wood,
and got
parts.”
Brown
among
thethe
first
of his family
to graduate from college. He originally
The answers intrigued him, so Hooper
considered Fisk University before several
put his new lathe to good use. His
factors led him to the University of
father, a carpenter, taught him the art
Michigan-Flint. Following in his footsteps
of woodworking through the years,
were his brothers Luther (BBA ’06) and
including jewelry boxes, cabinets, and
Jermaine (BA ’11). His brother DeAndre is
chairs. This became Hooper’s first foray
still working toward his degree.
into crafting pens.
“I believe that I was destined to be a
“The way you are able to shape the wood,
Michigan man,” Brown beamed. “Fisk
it almost is like an art form,” he said. “You
is a great school, and the fascination of
start with a block of wood and a pen
leaving home intrigued me. However,
comes out of it.”
when I really thought hard about the
Hooper
histo
creations
to
decision,started
nothingbringing
compared
the brand,
school, showing them toand
colleagues
at the
education/curriculum,
proximity
of
UM-Flint
Entrepreneurs
Society.
Fellow
the University of Michigan-Flint.
students, and SOM’s Entrepreneur-inResidence Michael Witt, encouraged him
to consider marketing his talents.
Then this summer, Hooper suffered a
broken leg and dislocated a knee in a
car accident. An avid runner, he found
“It was Dr. Miller who encouraged me
himself laid up recuperating and looking
to consider a career in the accounting
for a way to transfer his energy to
field,” he said. “She told me that I was
something else.
good at it and that becoming a Certified
“I
decided
to do something
Public
Accountant
(CPA) wasconstructive
obtainable.
with
my time
and make
pens,”major
he said.
Originally,
I was
a finance
with
hopes of becoming a financial analyst,
Using his father’s woodshed, he ordered
then my path after graduation led me to
exotic woods such as marble, zebrawood,
becoming a CPA. I attribute my interest in
ebony, and purpleheart from another
accounting to that conversation.”
lumber company, and domestic wood like
oak,
maple from his degree,
uncle’s
Afterwalnut,
earningand
his undergraduate
business.
He formed
ScholarlyaPens
and
Brown struggled
to balance
full-time
set
up with
an Etsy
site, Facebook
and
career
demands
of raisingpage,
four sons
Instagram
account
to He
sellspent
his products.
with his wife,
Edythe.
the next
He
also working
makes acrylic
pens,
which have
decade
as a staff
accountant
at
proven
popular.
Yeo & Yeo,
adjunct professor at Baker
College, and deputy finance director for
Hooper said he learned the desire and
the City of Flint. He was interested in an
details of running a business from his
MBA, but given his limited time, he didn’t
studies and professors at UM-Flint.
think it was possible.
“The classes, and my mentors, have given
“I was working full-time and raising a
me the drive to want to start this penfamily,” he explained. “Then I heard
selling business, “ he said.
about the NetPlus! MBA program. It
Hooper
all proceeds
from his pen
was the said
perfect
blend of flexibility
and
sales
go learning;
toward courses
paying were
his offered
college
classroom
tuition.
sale price
ranges
from
online The
andpens’
onsite
during
specified
$15
to $50.This
He was
makes
weekends.
the fountain
absolute pens,
best
mechanical pencils, roller ball pens and
ballpoint pens.
Hooper,
to classes
— Antoniowho
Brown returned
this fall, said he’s looking forward to
brainstorming with the Entrepreneurs
said. “From our union, we have been
Society about how to expand his business
blessed with four amazing young men
opportunities, including selling the pens
that I love dearly: Antonio, Jr., Ethan,
on campus.
Evan, and Elijah. I am raising them to be
Michigan
love Michigan
sports.
“They
aremen.
so We
unique
and different,”
My hopesaid
is that
my wife
and I, “You
who also
Hooper
about
the pens.
feel
has are
her getting
MBA, have
set
the pace for our
you
a nice
pen.”
boys to achieve and go beyond our own
Paula Nas, JD, a lecturer of economics
accomplishments.
and director for the Center for Economic
“By far, with
everything
thatasis agoing
on
Education,
has
had Hooper
student
my greatest challenge
in the
two world
of hertoday,
classes.
is ensuring my boys have a bright future,
“Greg is the kind of student that every
that they are prepared for the obstacles
professor wants to have in class because
that await them. I would love to see
of his enthusiasm for learning and his
all of them walk across that stage in
positive attitude,” Nas said. “Greg was in
their cap and gown, proudly saying, ‘I
my morning class, and there were days
am a Michigan Man.’ The University of
when understandably many students
Michigan-Flint gave me that start, and it
were trying their best to stay awake, and
has catapulted my career.
in his usual fashion Greg was attentive,
“I am thankful
and and
grateful
to all
smiling,
and asking
answering
the faculty completely
and staff engaged
at the School
questions,
in the
of
Management,
Educational
lecture
and discussion,the
making
the most
Opportunity
Initiatives
Office, and the
of
the situation
all the time.
Office of the Chancellor who helped
“Greg is truly the epitome of the UMmold me into the person I am today.
Flint student. His attitude, resilience, and
I remain an advocate for the University
ability are remarkable. I have no doubt he
of Michigan-Flint and the School
will always be successful in his business
of Management.”
career and the community.”
t
t
BUSINESS @ UM-FLINT
22
10
COMMUNITY
ALUMNI SPOTLIGHT
ENGAGEMENT
MBA
SCHOOL OF MANAGEMENT
INTERNS HELP OPEN
GROUND FLOOR
MARKET
Medical school at Georgetown, a
residency at Harvard, over a decade of
experience as professor, and chief at one
of the top hospitals in the nation—
Dr. Suresh K. Mukherji (MBA ’13) had
fulfilled his life-long goal of becoming
an accomplished physician in the field
of head and neck imaging. Yet, it was an
MBA from the University of MichiganOn
morning
August
3, over
75 local
Flintthe
that
filled inofthe
complex,
businessbusiness
leaders,
media
professionals,
related pieces missing from his career.
and members of the Flint community
“There’s
to management,”
gathereda science
to celebrate
one of said
the
Suresh
K.
Mukherji,
MD,
MBA,
FACR, now
highlights of Jennifer Wenzlick
and
professor
andcareer
chair (so
of the
Department
Sean Tabor’s
far)—the
ribbon
of
Radiology
at
Michigan
State
University
cutting ceremony for the opening of
(MSU)/Walter
F. Patenge Chair, Chief
Ground Floor Market.
medical officer of the MSU Health
“Ground“Some
Floor Market
is filling
a need here
Team.
aspects
of management
in downtown
Flint,”
saidothers
Heather
came
intuitively
to me;
did Kale,
not.
Director
of
Member
Services
at
the
Flint
&
I studied economics before I went to
Genesee
Chamber
of
Commerce.
“From
a
medical school, so I already had a strong
business perspective,
it is an example
understanding
of business.
What ofI
entrepreneurship—the
and helped
butter
learned
while pursuingbread
my MBA
of
what
will
push
Flint
and
Genesee
fill in the gaps.
County ahead. And, as a customer who
“The
MBA
on
worksNetPlus!
nearby,
it curriculum
has been focused
convenient
finance,
resources,
to be ableoperations,
to walk overhuman
for a cup
of coffee
analytical
thinking,
and
interpersonal
and pick up a sandwich for lunch.”
relationships. It presented me with the
The picture’—how
Ground Floorthese
Market,
located
‘big
components
on
the
“ground
floor”
of
the
Dryden
fit together—and helped me realize the
importance of each part. Coincidentally,
my brother had pursued an MBA from
Stanford and I discovered we were
covering similar content—even using
some of the same textbooks.”
Dr. Mukherji is one of the growing
number of medical professionals who
have recognized the value of an MBA
to their careers. In fact, according to an
article released by Kaiser Health News
Building
(605 S. with
Saginaw
Street), Globe,
sells
in collaboration
The Boston
coffee,
bottled
“pop”
and
water,
grabmore than half of the medical schools
and-go
sandwiches
and joint
salads
(from
in the United
States offer
MD/MBA
The
Laundry),
baked goods (from Crust),
degree
programs.
popular periodicals, and several types of
“As I was
researching
the best are
program
snacks.
Many
of the products
local,
to
pursue,
I
came
across
several
options,”
regional, or Michigan-based. The market
explained
Dr. first
Mukherji.
“I considered
is
one of the
businesses
launched
different
types
of
degrees
(MHA,company
MPH…)
by SkyPoint Ventures (a private
as
well
as
MBA
programs
at
owned by local entrepreneurs Philother
and
collegesHagerman),
and universities.
In the in
end,
Jocelyn
also located
theI
chose building.
UM-Flint’s NetPlus! MBA program
iconic
for two reasons. First, an MBA was more
“This
is a within
uniquethebusiness—we
really
recognized
medical field and
by
didn’t
have anything
local to model
it
professionals
in other industries.
Second,
after,”
said
Tabor,
a
senior
majoring
I was at a point in my career where I
in
management
with
a
was business
working long
hours, not only
at the
concentration
in
entrepreneurship.
hospital, but also traveling, teaching,
“While
downtown
nowwhile
hasbalancing
several
writing, and
editing—all
restaurants
to
choose
from,
there
wasn’t
my family life at the same time. I needed
a
place
to
go
if
you
wanted
to
a program that offered flexibility. grab
The
something
quick.allowed
Groundme
Floor
Market
NetPlus! program
to take
one
“
course at a time at my own pace.”
The reasons for pursuing an MBA vary
among medical professionals. Some
want a deeper understanding of finance
so they can better manage research
grants or start/oversee their own clinics
and practices. Others are interested in
the management aspects of the degree
as they move into administrative and
leadership positions. Many simply want
fills
that void.
opened
to provide
betterThis
careinternship
for their patients.
my eyes to what entrepreneurship is
“The
patient is at the heart of my
all
about.”
career,” said Dr. Mukherji. “My specialty,
When
Tabor
andimaging,
Wenzlickis began
head and
neck
one oftheir
the
internships
in May, areas
they were
given four
most challenging
of medicine—
weeks
to prepare
thecomplex
store foranatomy
its soft
both because
of the
opening
mid-June.
Tabor
worked
on
involved and the life-altering impact that
data
analysis,
established
a
product
list,
changes in this area of the body have on
and
placed Cancers
orders. ofWenzlick,
a senior
the patient.
the head and
neck
majoring
in organizational
behavior
affect the patient’s
appearance and
their
and
resource
ability human
to talk, eat,
swallow,management,
and breathe.
hired
staff
(manager
Estela
Triplett
Beyond providing the best
medical
care,
and
employee
I want part-time
to do whatever
I can toCameron
improve
Simpson)
focused
on marketing
the overall and
outcome
of patients
with this
the
new
business,
while
collaborating
challenging disease.
with Tabor on developing relationships
“The distributors.
knowledge I gained from the MBA
with
program has also been personally
“We’re
fortunate
to with
have regard
had this
rewarding,
especially
to
experience,
especially
as students,”
said
managing my
own accounts
and personal
Wenzlick.
“It helped
realize
finances. Since
I wasus
able
to go how
at mymuch
own
is
involved
with
starting
a
business.
pace, I actually found myself enjoying
the courses almost like a hobby! It was
fulfilling (and fun) to take classes for the
sake of learning. Pursuing the NetPlus!
MBA wasn’t something I had to do; it was
something I wanted to do.”
We’re fortunate to have had this experience,
thow
especially as students. It helped us realize
THINKING ABOUT EARNING YOUR MBA?
much is involved with starting a business.
”
The NetPlus! MBA program is offered in an innovative “mixed-mode” format that combines the personal interaction of
traditional classroom settings with the anytime, anywhere convenience of modern online learning—making
— Jennifer Wenzlick it more
accessible to busy professionals from a wide geographic area.
umflint.edu/som/netplus-mba-program
Plante Moran is one of many
firms that have benefitted from
talented UM-Flint students and
graduates like Chris Gilbert
(MSA ‘14, BBA ‘12).
SCHOOL OF MANAGEMENT
EMPLOYER
MARKETPLACE
I know I’ll be using many of the skills
I have acquired here as I further my
career in human resources. This has
been the ‘ground floor’ for both of us
professionally. And, for Flint, we hope
it’s a catalyst for growing momentum in
the community.”
RIGHT HERE. RIGHT NOW.
The Hagermans were also impressed
with Tabor and Wenzlick, especially with
regard to their persistence and work
ethic, and proud to contribute to the
entrepreneurial efforts taking place in
the community.
Ribbon cutting ceremony for the Ground Floor
Market. Pictured left to right are: Sean Tabor,
Phil Hagerman, Jocelyn Hagerman, Peter
Hughes, Jennifer Wenzlick, Cameron Simpson,
and Tamasha Harrold.
WEDNESDAY, APRIL 6, 2016
“Phil, Jocelyn and Bryce had complete
they trusted us with their
business,” said Wenzlick. “It’s been
wonderful to work for people who care
so much
their students
community.”
value
to about
UM-Flint
Market offers
a muchNoon to 3“Ground
p.m. •Floor
Riverfront
Conference
Center
faith in us;
needed service to the many men and
women who work downtown,” said Phil
Hagerman. “Flint is quickly becoming a
“The The
concept
behindMarketplace
Ground Floor
Employer
is a half-day
event that brings exceptional
‘walking city,’ and I’m glad our market will
evolved
from ainternship
brainstorming
session
seeking
and job
opportunities.
Tabor added, “The Hagermans’ investment
be a part of that.
that was held earlier this year,” said
in the University goes way beyond
Moe, during his speech at the ribbon “Entrepreneurship is about recognizing
the $2 million check their Foundation
opportunities. It has played an important
cuttingFOR
ceremony.
EMPLOYERS:
presented to the school. They have
part in this city’s history, and it’s playing an
“We knew
we
needed
bright,
talented
invested in the environment surrounding
Network with UM-Flint students, even
faculty,
and
staff.
larger
role
in the revitalization now
people to help get us off the ground.
campus, and through this internship,
taking place. Flint is open for business;
Using the• Share
School information
of Management
as
a
they have invested in both Jennifer
about your companies or industry to emerging professionals
innovators are welcome.”
resource,• Collect
we collaborated
Dean your applicant pool for current/future job
andopenings
myself.”
resumeswith
to increase
Johnson who recommended Jennifer and In addition to the business-related
• Conduct on-the-spot interviews or reserve a time for on-campus interviews
Sean. They were just the right people lessons that this internship has taught
Wenzlick and
bothinteractive
have gainedbreakout
an
we were
for.
With only
a few presenters
Welooking
are also
seeking
employer
toTabor,
conduct
sessions. Register to be a
appreciation
for
the
opportunity
to
work
weeks’presenter
time, they at
came
in
and
started
a
www.umflint.edu/som/employer-marketplace.
business for us. They really stepped up to for employers who place “giving back” as
one of their priorities.
the plate.”
Overseeing the interns was Bryce Moe,
FOR
STUDENTS:
managing
director
of SkyPoint Ventures.
t
FOR MORE INFORMATION, CONTACT:
Antonio Riggs | Student Service Coordinator
Phone: (810) 237-6680 | Email: [email protected]
umflint.edu/som
BUSINESS @ UM-FLINT
12
CONTINUING
ALUMNI ENTREPRENEUR
SPOTLIGHT
STUDENT
STUDENT LEARNING
CONFRONTING
ISSUES
WORKING
WOMEN FACE
TRADITION
Cathleen Miller (BBA ’85) remembers
beaming with pride as she was
announced the first-place winner of
a national accounting exam. Like any
middle schooler, she was excited about
This $100
spring,
judges
of But
the what
School
of
the
prize
money.
made
Management’s
(SOM)
first
Business
Plan
her even happier was the realization that
Competition heard over 20 innovative
ideas as students pitched their business
plans for start-up ventures in the Flint
community. Some of the students
collaborated as teams, while others
worked individually, for the opportunity
to get advice from successful local
business professionals and the financial
backing ($5,000) to implement their plans.
The winner of this year’s competition was
entrepreneurial educator, Ashley Knific.
Knific is currently majoring in integrated
science for secondary education and
works as a substitute teacher at Powers
Catholic High School. In her plan, Knific
proposed Jobs 4 Moms, a non-profit that
provides opportunities for hard working
mothers to continue their career paths
without having to sacrifice time raising
their children—a creative solution to a
problem faced by many women.
“My husband and I have been talking
about starting a family after I finish
my degree,” said Knific. “We both want
children, and it’s important to us that we
raise them ourselves. This led to some
serious contemplation: What about my
career? Did I waste all of this time earning
my degree?
“These questions inspired me to do
some research, and I discovered that an
alarming number of women have either
13
17
BUSINESS @ UM-FLINT
she had discovered something she was
good at and loved doing—accounting.
“I always wanted to be a teacher,”
said Miller, PhD, associate professor of
accounting in the School of Management
given up
the careers
spent so much
(SOM).
“Winning
thatthey
competition
gave
time
pursuing
or
had
to
go
into
different
me confidence to pursue a new career
career fields. I didn’t want to be one of
those statistics.”
Knific
received
$5,000
to
fund
the development of her website
www.jobs4moms.org, which will be used
to match working mothers with positions
at companies—allowing them to continue
their career paths without interruption.
Through connections she established
with the University’s Innovation Incubator
during the process, she was also given
office space in the Northbank Center that
will serve as an anchor for her business.
She is currently recruiting employers and
employees in Genesee County and will
possibly expand as her website grows.
“I’m so grateful to the School of
Management
for
organizing
this
competition,” said Knific. “As students,
we were encouraged to share our ideas
and taught how to develop them—these
first steps are the most critical of any
successful venture.”
This year’s Business Plan Competition is
the first of an annual series funded by
the Hagerman Foundation’s generous $2
million gift to the University. Judges, from
both the community and SOM faculty,
considered each plan “holistically” as
criteria included presentation quality,
ability to adequately answer questions
concerning the plan, the understanding
path in accounting. Today, I’m blessed to
be doing both!
“I don’t take this opportunity for granted.
I grew up in Genesee, and my parents
worked hard at GM for many years
of the industry indicated in the plan and
so I could go to school and pursue
the quality of the business/economic
my dreams. I became the first in my
model indicated in the plan.
family, even my extended family, to
“Beyond the
chance
to win
somethat
seedI
graduate
from
college.
I realize
money
their ventures, the Business
am
veryfor
lucky.”
Plan Competition allows students the
Miller was awarded tenure during a
opportunity to present their venture
meeting of the Regents earlier this
ideas and receive valuable feedback from
spring. Over the past few years, she has
a seasoned group of professionals,” said
delivered six conference presentations
Greg Laurence, PhD, Associate Professor
and has five peer reviewed publications
of Management and coordinator of the
in Managerial Auditing Journal, Advances
Business Plan Competition.
in Public Interest Accounting, Research
“As Professional
producing aResponsibility
business planand
requires
on
Ethics
accessing
skills
learned
in
a
variety
of
SOM
in Accounting, and The CPA Journal.
courses
She
has (marketing,
also taught accounting,
courses at finance,
Wayne
organizational
State
University.behavior, and so forth),
it also provides students with another
As an undergraduate, Miller studied
opportunity to develop their business
accounting at the UM-Flint. One of her
acumen. For the school, the competition
professors was Dr. Walker Fesmire, who
provides an opportunity to interface with
recognized the desire still within her to
the community as students, faculty, and
teach, and encouraged her to pursue
judges from the area business community
graduate school.
interact throughout the process.”
“Dr. Fesmire was a mentor by all
definitions,” she said. “He encouraged
me to pursue the path that best fit my
WANT
TO SUPPORT
interests
and talents
and even helped
me ENTREPRENEURSHIP
pick out graduate schools. I chose
Northern Illinois University for my
AT UM-FLINT?
MAS and completed my PhD from the
t
SOM invites you to get involved with
the annual Business Plan Competition
by becoming one of our sponsors.
For more information, contact Melissa
Cathleen Miller and Dr. Walker Fesmire
Stephens-Farrell at (810) 424-5480 or
email [email protected].
BETA ALPHA PSI
Beta Alpha Psi was founded in
1919 as an honor organization
for financial information students
and professionals. Today, there are
over 300 chapters on college and
university campuses with over 300,000 members initiated
since Beta Alpha Psi’s formation.
Nationally recognized across business professions, Beta
Alpha Psi promotes the study and practice of accounting,
finance, and information systems; provides opportunities
for self-development, service and association among
members and practicing professionals; and encourages a
sense of ethical, social, and public responsibility.
four professional development meetings/events each
semester and complete community service both on and
off campus. In addition to supporting the VITA program,
the organization has organized clothing drives for the
homeless, served at the soup kitchen, built houses with
Habitat for Humanity, and manned tables and planned
activities during the Crim.
As faculty advisor for Beta Alpha Psi, Miller is currently
updating the contact information of past Beta Alpha Psi
members. She is also interested in connecting with alumni
interested in speaking at meetings and helping with
different events and programs like VITA.
REAL WORLD INVESTMENT
Qualified students are invited by Professor Cathleen Miller
to join the UM-Flint chapter of Beta Alpha Psi. They attend
WERE YOU A MEMBER OF BETA ALPHA PSI?
To update your information or express interest
in giving back to Beta Alpha Psi,
email Dr. Miller at [email protected]
or call (810) 762-0018.
STUDENTS GAIN HANDS-ON EXPERIENCE MANAGING NEW INVESTMENT FUND
University of Kentucky. He and I are still
really close today.”
Fesmire also inspired Miller join with a
group of students to start a local chapter
of Beta Alpha Psi, a nationally-recognized
honor
organization
for
financial
information students and professionals,
and to help revive the University’s
involvement
volunteer income
The
School inof the
Management
(SOM)
tax assistance
(VITA)
national
recently
initiated
theprogram,
Student aManaged
effort organized
Internal
Revenue
Investment
Fundbyasthe
a tool
for students
Service.
He
had
been
a
part
of
theinVITA
to apply what they were learning
the
program since
the early
60s.
Miller
classroom
to actual
stocks
onToday,
the market.
is continuing
initiatives
in SOM
The
FinancialFesmire’s
Management
Association
by overseeing
both.as the “Finance Club,”
(FMA),
also known
has been responsible for managing the
“This year’s VITA program was very
fund and plans are already in the works
successful,” said Miller. “During the
for incorporating stock analysis from the
months of February and May, roughly 30
fund into investment classes as well as
student volunteers spent their Saturdays
other courses on campus.
providing tax services to over 770 people
in the
Flint
community.
set up at the
“In
our
first
round ofWeinvesting,
Flint
Public
Library
(and
here
on campus)
students were able to apply many
of the
“
principles learned in their finance classes
(Markowitz portfolio optimization theory as
well as Graham and Dodd and regression
analyses) to the quantitative analysis of
the stocks being considered,” said John
Stephens, DBA, Lecturer of Finance.
as amarketing
one-stop skills
shopaswhere
people the
left
and
they analyzed
after
filing
their
forms
electronically
or
company’s management potential and
sealingviability
them inside
future
of the stamped/addressed
firm.
envelopes ready to be mailed.”
“Ultimately, I would like to see this
During gothe
free wide
sessions,
students
project
campus
and get students
assisted
local
taxpayers
(generally
involved regardless of major. I believe
individualsskills
who earn
$52,000 or for
less)every
with
investing
are necessary
their
city,
state
and
federal
tax
forms
student to have; this is a great way forand
the
informed to
them
about those
special
taxcampus
credits
university
introduce
skills
for which
may have
qualified.
wide
in a fun they
and interesting
way.”
Students received training in tax
Investment
similar
the Student
preparation funds
through
theto Income
Tax
Managed
Investment
Fund
have
Preparation course (BUS 325) taught by
been
at several
and
Miller initiated
who oversaw
their colleges
work during
universities,
including
the
Ann
Arbor
each session.
campus, with some in the millions of
“While being
VITA provides
needed
dollars
managed abymuch
students.
The
service
to
the
community,
I
think
it’s
financial backing to start this project was
even
more
valuable
to
the
students,”
donated from the SOM discretionary
Miller explained.
gives discussed
them handsfund.
Profits are“Itbeing
as
on
experience
working
with
clients
and
possible sources of scholarships.
exposure to the different tax forms.
“At
Dean’s
we hope
to
Theythe
learn
how discretion,
to ask the right
probing
use some of the fund’s profits for
scholarships,” said Stephens. “Initially
this may be through the FMA, but
hopefully it grows beyond that so all
students have an opportunity to receive
potential monies. I believe this is also a
project that students are excited about,
and it was very evident in the first round
of investing that the students involved
liked the hands-on experience.
questions
theyear
information
needed
“My
goal to
forget
this
is to bring
in
to
complete
the
tax
returns.
other disciplines outside of finance to
participate
the stock
Students
“VITA also in
helps
makeanalysis.
students
aware
from
and
management
will be
of themarketing
diversity of
people
and situations
involved
in thetoproject,
and I’ve
beenlife.
in
they’re likely
encounter
in real
contact
with
other
faculty
to
see
who
they
Unless they have been out in the
might
from
somevery
of their
world, recommend
students tend
to have
little
classes.
There
has with
alsopeople
been who
interest
experience
working
are
from
alumni
in
providing
funding
and
different from themselves. I hear college
helping
manage
the fund.”
studentsstudents
complain
all of the
time about
‘beingthe
broke.’
That attitude
changes when
Per
established
guidelines,
the
they
sit
down
to
work
with
a client
Student Managed Investment
Fund who
will
onlylimited
makesto$8,000
a year.
It’s that
an eyebe
domestic
equities
will
opening
moment
for
many
of
them.
consist of at least Mid Cap status for
the
stocks.
Students
willinparticipate
in
“Being
able to
give back
this way has
the
fund
by
tracking
the
portfolio
and
been fulfilling for me personally. I’m
updating
a web
site of the
results. and
The
grateful to
my parents,
mentors,
investment
objective
is to meet
the community
for allowing
meor
toexceed
follow
the
return on
the I’m
S&P500
stock
index
my dreams.
Now,
helping
others
to
for
the
holding
period
and
seek
longfollow theirs.”
term appreciation of capital. Fidelity
Investments will administer the trades
for the fund through the direction of
designated faculty.
t
t
-----------------------------------------------------------------------------------------------------------------------------------------------------------------Dr. Fesmire was a mentor by all definitions. He
encouraged
me to pursue the path that best fit my interests and talents...
“Next, students made a formal
presentation of their recommendations
to faculty and staff and had to defend their
position. They also used management
”
Alumni and other business professionals
in the community interested in providing
funding for this project or helping
students
with managing the fund can get
—
Cathleen Miller
involved by contacting Dr. Stephens at
(810) 762-0779 or [email protected].
BUSINESS @ UM-FLINT
18
14
ALUMNI SPOTLIGHT
WHAT I’VE LEARNED
ALONG THE WAY…
CSB BANK PRESIDENT SHARES HIS INSIGHT ON BANKING,
BALANCING WORK/FAMILY, AND STAYING CONNECTED
Like many teenage boys growing up in
Lapeer, Michael Burke (BBA ’04) had his
fill of “dirty jobs.” During his senior year
of high school, he made a decision that
changed his life forever—he started to
work at a bank.
“I originally intended to get a degree
in physical therapy,” said Burke, now
president/CEO of CSB Bank in Capac. “My
first job as a teller helped me realize that I
found a perfect match for my personality
and skill set. I liked working with people,
and I was good with numbers. Plus,
banking ran in my family. My grandma,
Margie Burke, worked at Lapeer County
Bank for over 35 years.”
After gaining experience as a teller, Burke
started working in other departments at
the bank, giving him an even broader
perspective and appreciation for the
different positions that comprise a
financial institution as well as their
unique challenges.
“This understanding has been crucial to
my role as leader of a bank today,” said
Burke. “When people think about their
banks, it’s either a teller or loan officer
that immediately comes to mind. This
is who customers see as their ‘bank’—
not administration.
“While I had learned so much from my
job, I realized there were so many more
pieces to the banking puzzle. What
finally crystallized my decision to pursue
banking as my career was a course I
took from Dr. Mark Perry. He had a way
of making lecture both interesting and
exciting. After that class, I was certain that
I needed to pursue a career in banking.”
15
BUSINESS @ UM-FLINT
However, the path wasn’t easy. Burke
spent the next 16 years balancing school,
full-time employment and the demands
that accompany the role of dedicated
husband and father. He married his high
school sweetheart, Laura, shortly after
graduation from Lapeer West. Two years
later, the couple started a family, which
now includes their children: Kayla, Jacob
and Tristan.
One of Burke’s biggest regrets about
college was not having the opportunity
to be involved on campus. Today, he is
making up for lost time in two ways—
serving on the School of Management
(SOM) Advisory Board and the U of
M Club of Greater Flint (“M-Club”), the
recognized club of the Alumni Association
of the University of Michigan, where he is
currently president.
During this time, the bank Burke started
at as a teller, Genesee Bank, became JP
Morgan Chase through a series of mergers.
As he moved up in his career, Burke only
had time to take one or two classes a
semester. With the support of his wife,
he was determined to finish his degree.
“As president of a bank, I feel that it
is important for students to learn the
skills that will best prepare them for
the business world; that’s why I decided
to get involved with the SOM Advisory
Board,” said Burke.
“Laura was my rock; I wouldn’t be where
I’m at today without her by my side,”
said Burke, who celebrated their 25th
wedding anniversary this year.
“While it was a struggle, those 16 years
taught me valuable lessons about time
management, effective approaches to
leadership, and the importance of
spending time with family.
“I became really good at delegating in my
work life; this has prevented my career
from becoming too overwhelming and
has helped my teammates grow too.
It also helped shape my management
philosophy: hire the right people for the
right positions, provide clear direction,
and trust them to do their jobs. And, even
though I still sometimes work 60-70 hours
a week, I use all of my vacation time and
encourage my employees to do the same.
Sometimes you need to get away!”
“I’ve interviewed hundreds of job
candidates over the past few years.
All of them have been wonderfully
prepared academically for the jobs
they were seeking. What I’ve noticed
many of them lacking is professionalism
(knowing how to behave in the workplace)
and interpersonal skills. When it
comes
to
banking,
trust
and
relationships are built by sitting down
with
people
face-to-face,
shaking
hands and looking them in the eye;
technology simply cannot replace
this type of interaction. How will
students learn this if they aren’t taught?”
Burke’s experiences through M-Club have
allowed him to “plug into the University”
in a slightly different way.
“My involvement in M-Club has led to
some really strong friendships, not just
business acquaintances, but people
you look forward to seeing at all of the
different events,” explained Burke. “And
it’s so exciting to be part of the larger
University of Michigan family.
“Last winter, as part of one of our Club
outings, we took some buses down to
one of the Michigan basketball games.
Coincidentally, this happened to be the
day that Jim Harbaugh was announced
as Michigan’s new football coach.
After spending the morning in press
conferences, he came out during half–time
to address us as his first (non-press)
audience. We got to be a part of one
of the most important moments in
Michigan history!”
Beyond the fun and excitement, Burke
feels an even deeper need to stay
connected to his alma mater.
“As graduates of U-M, we all carry the
benefit of those alumni who went before
us,” said Burke. “Now as alumni ourselves,
we need to pay it forward for those who
will come after us.
“Sometimes I come across people who
will tell you they went to the University of
Michigan, but for whatever reason, leave
off the word ‘Flint.’ I don’t understand
why. This is such an extraordinary
university both in terms of the academics
and the people. Like myself, many of
the alumni I’ve met over the years
worked hard to earn their degrees.
I’ll always be proud to say I’m a graduate
of UM-Flint.”
Pictured left to right are Michael Burke, M-Club president; John Beilein, University of Michigan
basketball coach; and John Bleyaert, M-Club vice president, at the Atlas Valley Country Club.
U of M CLUB
OF GREATER FLINT
YOUR LOCAL CONNECTION TO THE ALUMNI ASSOCIATION
OF THE UNIVERSITY OF MICHIGAN
M-Club of Greater Flint is part of the network of regional clubs within the U.S.
that are affiliated with the Alumni Association of the University of Michigan
(AAUM). Alumni who are paid members of the Alumni Association automatically
become members of the M-Club, with no additional dues to pay.
As a member of both AAUM and M-Club, you will enjoy the club’s annual
programming, including bus trips to sporting events, football pep rallies, Camp
Michigania, thought-provoking lecture series, and the annual golf and dinner
outing at Atlas Valley Country Club. These are exceptional opportunities
for networking, seeing old friends, meeting new Wolverine fans, and taking
advantage of great social getaways.
As a member of the M-Club, you’ll also enjoy discounts on travel and
entertainment, opportunities to volunteer on campus and networking with
fellow alumni of the greatest university, the University of Michigan, hailing
from the Flint, Dearborn, and Ann Arbor campuses.
WANT TO KNOW MORE?
Visit alumni.umich.edu/clubs/flint or like us on Facebook via The University
of Michigan Club of Greater Flint page.
t
BUSINESS @ UM-FLINT
16
CONTINUING
STUDENT LEARNING
STUDENT
ALUMNI ENTREPRENEUR
SPOTLIGHT
CONFRONTING
ISSUES
WORKING
WOMEN FACE
TRADITION
Cathleen Miller (BBA ’85) remembers
beaming with pride as she was
announced the first-place winner of
a national accounting exam. Like any
middle schooler, she was excited about
This
spring,
judges
of But
the what
School
of
the $100
prize
money.
made
Management’s
(SOM)
first
Business
Plan
her even happier was the realization that
Competition heard over 20 innovative
ideas as students pitched their business
plans for start-up ventures in the Flint
community. Some of the students
collaborated as teams, while others
worked individually, for the opportunity
to get advice from successful local
business professionals and the financial
backing ($5,000) to implement their plans.
The winner of this year’s competition was
entrepreneurial educator, Ashley Knific.
Knific is currently majoring in integrated
science for secondary education and
works as a substitute teacher at Powers
Catholic High School. In her plan, Knific
proposed Jobs 4 Moms, a non-profit that
provides opportunities for hard working
mothers to continue their career paths
without having to sacrifice time raising
their children—a creative solution to a
problem faced by many women.
“My husband and I have been talking
about starting a family after I finish
my degree,” said Knific. “We both want
children, and it’s important to us that we
raise them ourselves. This led to some
serious contemplation: What about my
career? Did I waste all of this time earning
my degree?
“These questions inspired me to do
some research, and I discovered that an
alarming number of women have either
17
13
BUSINESS @ UM-FLINT
she had discovered something she was
good at and loved doing—accounting.
“I always wanted to be a teacher,”
said Miller, PhD, associate professor of
accounting in the School of Management
given up
the careers
spent so much
(SOM).
“Winning
thatthey
competition
gave
time
pursuing
or
had
to
go
into
different
me confidence to pursue a new career
career fields. I didn’t want to be one of
those statistics.”
Knific
received
$5,000
to
fund
the development of her website
www.jobs4moms.org, which will be used
to match working mothers with positions
at companies—allowing them to continue
their career paths without interruption.
Through connections she established
with the University’s Innovation Incubator
during the process, she was also given
office space in the Northbank Center that
will serve as an anchor for her business.
She is currently recruiting employers and
employees in Genesee County and will
possibly expand as her website grows.
“I’m so grateful to the School of
Management
for
organizing
this
competition,” said Knific. “As students,
we were encouraged to share our ideas
and taught how to develop them—these
first steps are the most critical of any
successful venture.”
This year’s Business Plan Competition is
the first of an annual series funded by
the Hagerman Foundation’s generous $2
million gift to the University. Judges, from
both the community and SOM faculty,
considered each plan “holistically” as
criteria included presentation quality,
ability to adequately answer questions
concerning the plan, the understanding
path in accounting. Today, I’m blessed to
be doing both!
“I don’t take this opportunity for granted.
I grew up in Genesee, and my parents
worked hard at GM for many years
of the industry indicated in the plan and
so I could go to school and pursue
the quality of the business/economic
my dreams. I became the first in my
model indicated in the plan.
family, even my extended family, to
“Beyond the
chance
to win
somethat
seedI
graduate
from
college.
I realize
money
their ventures, the Business
am
veryfor
lucky.”
Plan Competition allows students the
Miller was awarded tenure during a
opportunity to present their venture
meeting of the Regents earlier this
ideas and receive valuable feedback from
spring. Over the past few years, she has
a seasoned group of professionals,” said
delivered six conference presentations
Greg Laurence, PhD, Associate Professor
and has five peer reviewed publications
of Management and coordinator of the
in Managerial Auditing Journal, Advances
Business Plan Competition.
in Public Interest Accounting, Research
“As Professional
producing aResponsibility
business planand
requires
on
Ethics
accessing
skills
learned
in
a
variety
of
SOM
in Accounting, and The CPA Journal.
courses
She
has (marketing,
also taught accounting,
courses at finance,
Wayne
organizational
State
University.behavior, and so forth),
it also provides students with another
As an undergraduate, Miller studied
opportunity to develop their business
accounting at the UM-Flint. One of her
acumen. For the school, the competition
professors was Dr. Walker Fesmire, who
provides an opportunity to interface with
recognized the desire still within her to
the community as students, faculty, and
teach, and encouraged her to pursue
judges from the area business community
graduate school.
interact throughout the process.”
“Dr. Fesmire was a mentor by all
definitions,” she said. “He encouraged
me to pursue the path that best fit my
WANT
TO SUPPORT
interests
and talents
and even helped
me ENTREPRENEURSHIP
pick out graduate schools. I chose
Northern Illinois University for my
AT UM-FLINT?
MAS and completed my PhD from the
t
SOM invites you to get involved with
the annual Business Plan Competition
by becoming one of our sponsors.
For more information, contact Melissa
Cathleen Miller and Dr. Walker Fesmire
Stephens-Farrell at (810) 424-5480 or
email [email protected].
BETA ALPHA PSI
Beta Alpha Psi was founded in
1919 as an honor organization
for financial information students
and professionals. Today, there are
over 300 chapters on college and
university campuses with over 300,000 members initiated
since Beta Alpha Psi’s formation.
Nationally recognized across business professions, Beta
Alpha Psi promotes the study and practice of accounting,
finance, and information systems; provides opportunities
for self-development, service and association among
members and practicing professionals; and encourages a
sense of ethical, social, and public responsibility.
four professional development meetings/events each
semester and complete community service both on and
off campus. In addition to supporting the VITA program,
the organization has organized clothing drives for the
homeless, served at the soup kitchen, built houses with
Habitat for Humanity, and manned tables and planned
activities during the Crim.
As faculty advisor for Beta Alpha Psi, Miller is currently
updating the contact information of past Beta Alpha Psi
members. She is also interested in connecting with alumni
interested in speaking at meetings and helping with
different events and programs like VITA.
REAL WORLD INVESTMENT
Qualified students are invited by Professor Cathleen Miller
to join the UM-Flint chapter of Beta Alpha Psi. They attend
WERE YOU A MEMBER OF BETA ALPHA PSI?
To update your information or express interest
in giving back to Beta Alpha Psi,
email Dr. Miller at [email protected]
or call (810) 762-0018.
STUDENTS GAIN HANDS-ON EXPERIENCE MANAGING NEW INVESTMENT FUND
University of Kentucky. He and I are still
really close today.”
Fesmire also inspired Miller join with a
group of students to start a local chapter
of Beta Alpha Psi, a nationally-recognized
honor
organization
for
financial
information students and professionals,
and to help revive the University’s
involvement
volunteer income
The
School inof the
Management
(SOM)
tax assistance
(VITA)
national
recently
initiated
theprogram,
Student aManaged
effort organized
Internal
Revenue
Investment
Fundbyasthe
a tool
for students
Service.
He
had
been
a
part
of
theinVITA
to apply what they were learning
the
program since
the early
60s.
Miller
classroom
to actual
stocks
onToday,
the market.
is continuing
initiatives
in SOM
The
FinancialFesmire’s
Management
Association
by overseeing
both.as the “Finance Club,”
(FMA),
also known
has been responsible for managing the
“This year’s VITA program was very
fund and plans are already in the works
successful,” said Miller. “During the
for incorporating stock analysis from the
months of February and May, roughly 30
fund into investment classes as well as
student volunteers spent their Saturdays
other courses on campus.
providing tax services to over 770 people
in the
Flint
community.
set up at the
“In
our
first
round ofWeinvesting,
Flint
Public
Library
(and
here
on campus)
students were able to apply many
of the
“
principles learned in their finance classes
(Markowitz portfolio optimization theory as
well as Graham and Dodd and regression
analyses) to the quantitative analysis of
the stocks being considered,” said John
Stephens, DBA, Lecturer of Finance.
as amarketing
one-stop skills
shopaswhere
people the
left
and
they analyzed
after
filing
their
forms
electronically
or
company’s management potential and
sealingviability
them inside
future
of the stamped/addressed
firm.
envelopes ready to be mailed.”
“Ultimately, I would like to see this
During gothe
free wide
sessions,
students
project
campus
and get students
assisted
local
taxpayers
(generally
involved regardless of major. I believe
individualsskills
who earn
$52,000 or for
less)every
with
investing
are necessary
their
city,
state
and
federal
tax
forms
student to have; this is a great way forand
the
informed to
them
about those
special
taxcampus
credits
university
introduce
skills
for which
may have
qualified.
wide
in a fun they
and interesting
way.”
Students received training in tax
Investment
similar
the Student
preparation funds
through
theto Income
Tax
Managed
Investment
Fund
have
Preparation course (BUS 325) taught by
been
at several
and
Miller initiated
who oversaw
their colleges
work during
universities,
including
the
Ann
Arbor
each session.
campus, with some in the millions of
“While being
VITA provides
needed
dollars
managed abymuch
students.
The
service
to
the
community,
I
think
it’s
financial backing to start this project was
even
more
valuable
to
the
students,”
donated from the SOM discretionary
Miller explained.
gives discussed
them handsfund.
Profits are“Itbeing
as
on
experience
working
with
clients
and
possible sources of scholarships.
exposure to the different tax forms.
“At
Dean’s
we hope
to
Theythe
learn
how discretion,
to ask the right
probing
use some of the fund’s profits for
scholarships,” said Stephens. “Initially
this may be through the FMA, but
hopefully it grows beyond that so all
students have an opportunity to receive
potential monies. I believe this is also a
project that students are excited about,
and it was very evident in the first round
of investing that the students involved
liked the hands-on experience.
questions
theyear
information
needed
“My
goal to
forget
this
is to bring
in
to
complete
the
tax
returns.
other disciplines outside of finance to
participate
the stock
Students
“VITA also in
helps
makeanalysis.
students
aware
from
and
management
will be
of themarketing
diversity of
people
and situations
involved
in thetoproject,
and I’ve
beenlife.
in
they’re likely
encounter
in real
contact
with
other
faculty
to
see
who
they
Unless they have been out in the
might
from
somevery
of their
world, recommend
students tend
to have
little
classes.
There
has with
alsopeople
been who
interest
experience
working
are
from
alumni
in
providing
funding
and
different from themselves. I hear college
helping
manage
the fund.”
studentsstudents
complain
all of the
time about
‘beingthe
broke.’
That attitude
changes when
Per
established
guidelines,
the
they
sit
down
to
work
with
a client
Student Managed Investment
Fund who
will
onlylimited
makesto$8,000
a year.
It’s that
an eyebe
domestic
equities
will
opening
moment
for
many
of
them.
consist of at least Mid Cap status for
the
stocks.
Students
willinparticipate
in
“Being
able to
give back
this way has
the
fund
by
tracking
the
portfolio
and
been fulfilling for me personally. I’m
updating
a web
site of the
results. and
The
grateful to
my parents,
mentors,
investment
objective
is to meet
the community
for allowing
meor
toexceed
follow
the
return on
the I’m
S&P500
stock
index
my dreams.
Now,
helping
others
to
for
the
holding
period
and
seek
longfollow theirs.”
term appreciation of capital. Fidelity
Investments will administer the trades
for the fund through the direction of
designated faculty.
t
t
-----------------------------------------------------------------------------------------------------------------------------------------------------------------Dr. Fesmire was a mentor by all definitions. He
encouraged
me to pursue the path that best fit my interests and talents...
“Next, students made a formal
presentation of their recommendations
to faculty and staff and had to defend their
position. They also used management
”
Alumni and other business professionals
in the community interested in providing
funding for this project or helping
students
with managing the fund can get
—
Cathleen Miller
involved by contacting Dr. Stephens at
(810) 762-0779 or [email protected].
BUSINESS @ UM-FLINT
14
18
COMMUNITY
ALUMNI SPOTLIGHT
ENGAGEMENT
MBA
SCHOOL OF MANAGEMENT
INTERNS HELP OPEN
GROUND FLOOR
MARKET
Medical school at Georgetown, a
residency at Harvard, over a decade of
experience as professor, and chief at one
of the top hospitals in the nation—
Dr. Suresh K. Mukherji (MBA ’13) had
fulfilled his life-long goal of becoming
an accomplished physician in the field
of head and neck imaging. Yet, it was an
MBA from the University of MichiganOn
morning
August
3, over
75 local
Flintthe
that
filled inofthe
complex,
businessbusiness
leaders,
media
professionals,
related pieces missing from his career.
and members of the Flint community
“There’s
to management,”
gathereda science
to celebrate
one of said
the
Suresh
K.
Mukherji,
MD,
MBA,
FACR, now
highlights of Jennifer Wenzlick
and
professor
andcareer
chair (so
of the
Department
Sean Tabor’s
far)—the
ribbon
of
Radiology
at
Michigan
State
University
cutting ceremony for the opening of
(MSU)/Walter
F. Patenge Chair, Chief
Ground Floor Market.
medical officer of the MSU Health
“Ground
Floor Market
is filling
a need here
Team. “Some
aspects
of management
in downtown
Flint,”
saidothers
Heather
came
intuitively
to me;
did Kale,
not.
Director
of
Member
Services
at
the
Flint
&
I studied economics before I went to
Genesee
Chamber
of
Commerce.
“From
a
medical school, so I already had a strong
business perspective,
it is an example
understanding
of business.
What ofI
entrepreneurship—the
and helped
butter
learned
while pursuingbread
my MBA
of
what
will
push
Flint
and
Genesee
fill in the gaps.
County ahead. And, as a customer who
“The
MBA
on
worksNetPlus!
nearby,
it curriculum
has been focused
convenient
finance,
resources,
to be ableoperations,
to walk overhuman
for a cup
of coffee
analytical
thinking,
and
interpersonal
and pick up a sandwich for lunch.”
relationships. It presented me with the
The
Ground Floorthese
Market,
located
‘big picture’—how
components
on
the
“ground
floor”
of
the
Dryden
fit together—and helped me realize the
importance of each part. Coincidentally,
my brother had pursued an MBA from
Stanford and I discovered we were
covering similar content—even using
some of the same textbooks.”
Dr. Mukherji is one of the growing
number of medical professionals who
have recognized the value of an MBA
to their careers. In fact, according to an
article released by Kaiser Health News
Building
(605 S. with
Saginaw
Street), Globe,
sells
in collaboration
The Boston
coffee,
bottled
“pop”
and
water,
grabmore than half of the medical schools
and-go
sandwiches
and joint
salads
(from
in the United
States offer
MD/MBA
The
Laundry),
baked goods (from Crust),
degree
programs.
popular periodicals, and several types of
“As I was
researching
the best are
program
snacks.
Many
of the products
local,
to
pursue,
I
came
across
several
options,”
regional, or Michigan-based. The market
explained
Dr. first
Mukherji.
“I considered
is
one of the
businesses
launched
different
types
of
degrees
(MHA,company
MPH…)
by SkyPoint Ventures (a private
as
well
as
MBA
programs
at
owned by local entrepreneurs Philother
and
collegesHagerman),
and universities.
In the in
end,
Jocelyn
also located
theI
chose building.
UM-Flint’s NetPlus! MBA program
iconic
for two reasons. First, an MBA was more
“This
is a within
uniquethebusiness—we
really
recognized
medical field and
by
didn’t
have anything
local to model
it
professionals
in other industries.
Second,
after,”
said
Tabor,
a
senior
majoring
I was at a point in my career where I
in
management
with
a
was business
working long
hours, not only
at the
concentration
in
entrepreneurship.
hospital, but also traveling, teaching,
“While
downtown
nowwhile
hasbalancing
several
writing, and
editing—all
restaurants
to
choose
from,
there
wasn’t
my family life at the same time. I needed
a
place
to
go
if
you
wanted
to
a program that offered flexibility. grab
The
something
quick.allowed
Groundme
Floor
Market
NetPlus! program
to take
one
“
course at a time at my own pace.”
The reasons for pursuing an MBA vary
among medical professionals. Some
want a deeper understanding of finance
so they can better manage research
grants or start/oversee their own clinics
and practices. Others are interested in
the management aspects of the degree
as they move into administrative and
leadership positions. Many simply want
fills
that void.
opened
to provide
betterThis
careinternship
for their patients.
my eyes to what entrepreneurship is
“The
patient is at the heart of my
all
about.”
career,” said Dr. Mukherji. “My specialty,
When
Tabor
andimaging,
Wenzlickis began
head and
neck
one oftheir
the
internships
in May, areas
they were
given four
most challenging
of medicine—
weeks
to prepare
thecomplex
store foranatomy
its soft
both because
of the
opening
mid-June.
Tabor
worked
on
involved and the life-altering impact that
data
analysis,
established
a
product
list,
changes in this area of the body have on
and
placed Cancers
orders. ofWenzlick,
a senior
the patient.
the head and
neck
majoring
in organizational
behavior
affect the patient’s
appearance and
their
and
resource
ability human
to talk, eat,
swallow,management,
and breathe.
hired
staff
(manager
Estela
Triplett
Beyond providing the best
medical
care,
and
employee
I want part-time
to do whatever
I can toCameron
improve
Simpson)
focused
on marketing
the overall and
outcome
of patients
with this
the
new
business,
while
collaborating
challenging disease.
with Tabor on developing relationships
“The distributors.
knowledge I gained from the MBA
with
program has also been personally
“We’re
fortunate
to with
have regard
had this
rewarding,
especially
to
experience,
especially
as students,”
said
managing my
own accounts
and personal
Wenzlick.
“It helped
realize
finances. Since
I wasus
able
to go how
at mymuch
own
is
involved
with
starting
a
business.
pace, I actually found myself enjoying
the courses almost like a hobby! It was
fulfilling (and fun) to take classes for the
sake of learning. Pursuing the NetPlus!
MBA wasn’t something I had to do; it was
something I wanted to do.”
We’re fortunate to have had this experience,
thow
especially as students. It helped us realize
THINKING ABOUT EARNING YOUR MBA?
much is involved with starting a business.
”
The NetPlus! MBA program is offered in an innovative “mixed-mode” format that combines the personal interaction of
traditional classroom settings with the anytime, anywhere convenience of modern online learning—making
— Jennifer Wenzlick it more
accessible to busy professionals from a wide geographic area.
umflint.edu/som/netplus-mba-program
Plante Moran is one of many
firms that have benefitted from
talented UM-Flint students and
graduates like Chris Gilbert
(MSA ‘14, BBA ‘12).
SCHOOL OF MANAGEMENT
EMPLOYER
MARKETPLACE
I know I’ll be using many of the skills
I have acquired here as I further my
career in human resources. This has
been the ‘ground floor’ for both of us
professionally. And, for Flint, we hope
it’s a catalyst for growing momentum in
the community.”
RIGHT HERE. RIGHT NOW.
The Hagermans were also impressed
with Tabor and Wenzlick, especially with
regard to their persistence and work
ethic, and proud to contribute to the
entrepreneurial efforts taking place in
the community.
Ribbon cutting ceremony for the Ground Floor
Market. Pictured left to right are: Sean Tabor,
Phil Hagerman, Jocelyn Hagerman, Peter
Hughes, Jennifer Wenzlick, Cameron Simpson,
and Tamasha Harrold.
WEDNESDAY, APRIL 6, 2016
“Phil, Jocelyn and Bryce had complete
they trusted us with their
business,” said Wenzlick. “It’s been
wonderful to work for people who care
so much
their students
community.”
value
to about
UM-Flint
Market offers
a muchNoon to 3“Ground
p.m. •Floor
Riverfront
Conference
Center
faith in us;
needed service to the many men and
women who work downtown,” said Phil
Hagerman. “Flint is quickly becoming a
“The The
concept
behindMarketplace
Ground Floor
Employer
is a half-day
event that brings exceptional
‘walking city,’ and I’m glad our market will
evolved
from ainternship
brainstorming
session
seeking
and job
opportunities.
Tabor added, “The Hagermans’ investment
be a part of that.
that was held earlier this year,” said
in the University goes way beyond
Moe, during his speech at the ribbon “Entrepreneurship is about recognizing
the $2 million check their Foundation
opportunities. It has played an important
cuttingFOR
ceremony.
EMPLOYERS:
presented to the school. They have
part in this city’s history, and it’s playing an
“We knew
we
needed
bright,
talented
invested in the environment surrounding
Network with UM-Flint students, even
faculty,
and
staff.
larger
role
in the revitalization now
people to help get us off the ground.
campus, and through this internship,
taking place. Flint is open for business;
Using the• Share
School information
of Management
as
a
they have invested in both Jennifer
about your companies or industry to emerging professionals
innovators are welcome.”
resource,• Collect
we collaborated
Dean your applicant pool for current/future job
andopenings
myself.”
resumeswith
to increase
Johnson who recommended Jennifer and In addition to the business-related
• Conduct on-the-spot interviews or reserve a time for on-campus interviews
Sean. They were just the right people lessons that this internship has taught
Wenzlick and
bothinteractive
have gainedbreakout
an
we were
for.
With only
a few presenters
Welooking
are also
seeking
employer
toTabor,
conduct
sessions. Register to be a
appreciation
for
the
opportunity
to
work
weeks’presenter
time, they at
came
in
and
started
a
www.umflint.edu/som/employer-marketplace.
business for us. They really stepped up to for employers who place “giving back” as
one of their priorities.
the plate.”
Overseeing the interns was Bryce Moe,
FOR
STUDENTS:
managing
director
of SkyPoint Ventures.
t
FOR MORE INFORMATION, CONTACT:
Antonio Riggs | Student Service Coordinator
Phone: (810) 237-6680 | Email: [email protected]
umflint.edu/som
BUSINESS @ UM-FLINT
12
intercultural
communication
ALUMNI
SPOTLIGHT in business
on a global level,” she said. “Interestingly,
although we were studying the cultures of
Japan and Taiwan, our guide spoke quite
a bit about how what he had encountered
working in Germany differed so greatly
from the cultural norms he had become
accustomed to in Taiwan. International
business isn’t just being discussed in the
U.S.; it’s a part of business everywhere. ”
The lure of Plante Moran to young,
successful business professionals like
Morin and Adams is rooted in the
company history. For the past 17 years,
the firm has ranked among the nation’s
“100 Best Companies to Work For” by
Fortune magazine.
“What distinguishes Plante Moran from
other accounting firms is that our main
focus is people,” said Ken Leslie, office
managing partner of Plante Moran’s
Flint location. “We offer clients the
attention and value they deserve and
are constantly seeking ways of fostering
a fun, supportive work environment for
staff. This is our recipe for success.”
Since moving to the Flint office in 2010,
Leslie and the other Flint office partners
have been strengthening ties between
his firm and the University of MichiganFlint by increasing recruitment efforts
on campus and offering more internship
and career opportunities. Leslie is also
an active member of the School of
Management (SOM) Advisory Board.
“Our relationship with the University is
important to us for several reasons,”
explained Leslie. “First, we recruit all
across the Midwest, and I think the
brightest are here in Flint. UM-Flint
Ken Leslie has over 35 years of experience
with Plante Moran. In 2012, he became office
managing partner for the firm’s Flint location.
Leslie is also a member of the SOM Advisory
Board and instrumental in initiating a new
scholarship, the Plante Moran Accounting
Scholarship, being offered for the first time this
fall semester.
21 BUSINESS
9
BUSINESS@@UM-FLINT
UM-FLINT
PLANTE MORAN
PARTNERSHIP OF SUCCESS Over the past six years, Plante Moran’s Flint office
has offered 40 internships and hired over 30 entry-level staff. More than
half of these new hires are graduates of the University of Michigan-Flint,
bringing the total number of UM-Flint graduates in the office to over 20.
Recent graduates of the University of Michigan-Flint. Pictured left to right: Sydnee Morin
(BBA ’11), Chris Gilbert (MSA ’14, BBA ’12), Danielle Adams (BBA ’14), Matthew Schultz
(MBA ’12, BBA ’11), Jo Ann Smith (BBA ’99), Ashley Johnson (BBA ’11), Chrystal Simpson
(BBA ’13), Jade St. Cin (BBA ’13). Others not pictured include: Jimi Afolabi, Jenn Badour,
David Cheesebro, Meri Kirshman, Michael Machala, Amar Rushing, Sarah Springer,
Janette Sullivant, Greg Taunton, Pam Wisniewski, and Kevin Zonca.
SOM GRADUATE BECOMES
FIRST CFO OF THE
graduates are unique in several ways.
They possess a strong work ethic,
business savvy, a higher level of maturity,
and a service-oriented approach. This
is why we hire so many of them. We’re
a very satisfied customer of the School
of Management.
professionals appreciate efforts by the
firm to ensure success from the time
they are hired in. Both Morin and Adams
shared that they found Plante Moran’s
“buddy system” to be another benefit of
working there. As part of this mentorship
program, new hires are paired with
experienced professionals as a way of
easing the transition from college to the
professional world.
DETROIT LIBRARY
“Second, as a ‘customer,’ we want to
do whatever we can to improve the
University’s ‘product.’ Serving on the
Advisory Board allows us the opportunity
This past year, Antonio Brown (MBA
to offer input on ways of improving
’09, BBA ’04) became chief financial
SOM programs so that graduates are
officer (CFO) of the Detroit Public Library,
adequately prepared for the professional
the largest library system in the state
world. It’s a great cycle of success.
and sixth largest in the nation. He is
“Finally,
its
the first the
CFO firm
to bewants
hired to
in continue
the library’s
legacy.
Over
the
next
few
years,
there’s
150-year history.
going to be a shortage of CPAs. Firms will
“My job is to ensure that the decisions
be competing to attract new employees.
made today for the library system help
We want students to think about starting
it to remain financially viable for another
their careers with Plante Moran even
150 years,” said Brown.
before graduation.”
“Because the library is a government
In addition to being drawn in by Plante
organization, it is heavily funded by
Moran’s management philosophy and
the support of the residents of Detroit
aggressive recruitment strategies, young
“Your buddy makes it possible for you
through a millage that is renewed every
to hit the ground running,” said Morin.
10 years. Limited resources means
“You’re not spending your first year or
prioritizing budget needs to maintain
two getting coffee for people. Before
operations. Unlike for-profit businesses,
you even start, you know there is
where you have the option of raising
someone that you can come to with your
prices to meet profit margins, in a
questions—someone who wants to see
government entity you have to balance
you succeed.”
needs with resources given. It gets
Adams
added,
“Although
were each
complicated
managing
21 we
branches
of a
assigned
different
buddies,
I
know
library system, but my experience with
from
experience
howeducation
importantfrom
a close
the City
of Flint and
the
relationship
like
that
can
be.
Working
at
University of Michigan-Flint has prepared
the
same
as my
sister has made me
me to
takefirm
on the
challenge.”
feel much more comfortable starting my
As chief financial officer, Brown oversees
career. It’s been like having my own, builtall areas of financial management. This
in buddy.”
t
includes managing cash flow planning,
directing the preparation of all financial
materials for year-end financial activities,
ensuring timely submission of all reports
and budgets, developing financial
business plans and forecasts, overseeing
the corporate compliance program, and
other related activities.
I’m delighted that my decision helped
influence my brothers to attend such
a great school. We were the first in our
family to graduate from college. This now
sets a new barometer for our children—
that graduation from college is almost
mandatory, preferably from one of the
University of Michigan schools.”
“Managing the finances for such a large
institution in a major U.S. city does get
stressful at times,” Brown admitted.
“The story of Detroit has been well
documented, yet there is a feeling of
Brown’s decision to pursue accounting
grew out of the mentorship he received
from Dr. Cathy Miller, his professor for
Accounting I and II.
“
choice forSTUDENT
me. Having
earned my MBA,
ENTREPRENEUR
I now have unlimited options and meet
requirements for top executive positions.
I feel that my career has just started to
take off.”
While Brown is successful in his role at
the Detroit Public Library (and managing
his own CPA office in downtown Flint), he
considers his greatest accomplishment
to be his family.
“This past August, my wife and I
celebrated 11 years of marriage,” he
SCHOLARLYPENS
”
I am a Michigan Man. The University of Michigan-Flint gave
me that start, and it has catapulted my career. I am thankful and
grateful to all faculty and staff at the School of Management...
It started off as a hobby. Greg Hooper,
who grew up learning how to woodwork
from his dad, received a lathe late last
optimism. I feel the same optimism
year. Shortly after getting this gift, a
every day I come to work and engage
visitor stopped into his uncle’s lumber
in conversation with the employees and
yard in Holly, where Hooper works.
patrons that visit the library. I know I
“A gentleman
came into
lumber
have
been prepared,
so the
I trust
that yard
God
withguide
a wooden
pen,”the
saidexperiences
Hooper, who
is
will
my steps,
that
studying
entrepreneurial
have
gotten
me this far, management
mentors, my
through
School ofI received
Management
team,
andthe
the education
in the
(SOM). of Management. This is why you
School
go to UM-Flint.”
“I asked him how he made it, where he
got the was
wood,
and got
parts.”
Brown
among
thethe
first
of his family
to graduate from college. He originally
The answers intrigued him, so Hooper
considered Fisk University before several
put his new lathe to good use. His
factors led him to the University of
father, a carpenter, taught him the art
Michigan-Flint. Following in his footsteps
of woodworking through the years,
were his brothers Luther (BBA ’06) and
including jewelry boxes, cabinets, and
Jermaine (BA ’11). His brother DeAndre is
chairs. This became Hooper’s first foray
still working toward his degree.
into crafting pens.
“I believe that I was destined to be a
“The way you are able to shape the wood,
Michigan man,” Brown beamed. “Fisk
it almost is like an art form,” he said. “You
is a great school, and the fascination of
start with a block of wood and a pen
leaving home intrigued me. However,
comes out of it.”
when I really thought hard about the
Hooper started
histo
creations
to
decision,
nothingbringing
compared
the brand,
school, showing them toand
colleagues
at the
education/curriculum,
proximity
of
UM-Flint
Entrepreneurs
Society.
Fellow
the University of Michigan-Flint.
students, and SOM’s Entrepreneur-inResidence Michael Witt, encouraged him
to consider marketing his talents.
Then this summer, Hooper suffered a
broken leg and dislocated a knee in a
car accident. An avid runner, he found
“It was Dr. Miller who encouraged me
himself laid up recuperating and looking
to consider a career in the accounting
for a way to transfer his energy to
field,” he said. “She told me that I was
something else.
good at it and that becoming a Certified
“I
decided
to do something
Public
Accountant
(CPA) wasconstructive
obtainable.
with
my time
and make
pens,”major
he said.
Originally,
I was
a finance
with
hopes of becoming a financial analyst,
Using his father’s woodshed, he ordered
then my path after graduation led me to
exotic woods such as marble, zebrawood,
becoming a CPA. I attribute my interest in
ebony, and purpleheart from another
accounting to that conversation.”
lumber company, and domestic wood like
oak,
maple from his degree,
uncle’s
Afterwalnut,
earningand
his undergraduate
business.
He formed
ScholarlyaPens
and
Brown struggled
to balance
full-time
set
up with
an Etsy
site, Facebook
and
career
demands
of raisingpage,
four sons
Instagram
account
to He
sellspent
his products.
with his wife,
Edythe.
the next
He
also working
makes acrylic
pens,
which have
decade
as a staff
accountant
at
proven
popular.
Yeo & Yeo,
adjunct professor at Baker
College, and deputy finance director for
Hooper said he learned the desire and
the City of Flint. He was interested in an
details of running a business from his
MBA, but given his limited time, he didn’t
studies and professors at UM-Flint.
think it was possible.
“The classes, and my mentors, have given
“I was working full-time and raising a
me the drive to want to start this penfamily,” he explained. “Then I heard
selling business, “ he said.
about the NetPlus! MBA program. It
Hooper
all proceeds
from his pen
was the said
perfect
blend of flexibility
and
sales
go learning;
toward courses
paying were
his offered
college
classroom
tuition.
sale price
ranges
from
online The
andpens’
onsite
during
specified
$15
to $50.This
He was
makes
weekends.
the fountain
absolute pens,
best
mechanical pencils, roller ball pens and
ballpoint pens.
Hooper,
to classes
— Antoniowho
Brown returned
this fall, said he’s looking forward to
brainstorming with the Entrepreneurs
said. “From our union, we have been
Society about how to expand his business
blessed with four amazing young men
opportunities, including selling the pens
that I love dearly: Antonio, Jr., Ethan,
on campus.
Evan, and Elijah. I am raising them to be
Michigan
love Michigan
sports.
“They aremen.
so We
unique
and different,”
My
hopesaid
is that
my wife
and I, “You
who also
Hooper
about
the pens.
feel
has
her getting
MBA, have
set
the pace for our
you are
a nice
pen.”
boys to achieve and go beyond our own
Paula Nas, JD, a lecturer of economics
accomplishments.
and director for the Center for Economic
“By
far, with
everything
thatasis agoing
on
Education,
has
had Hooper
student
in the
my greatest challenge
two world
of hertoday,
classes.
is ensuring my boys have a bright future,
“Greg is the kind of student that every
that they are prepared for the obstacles
professor wants to have in class because
that await them. I would love to see
of his enthusiasm for learning and his
all of them walk across that stage in
positive attitude,” Nas said. “Greg was in
their cap and gown, proudly saying, ‘I
my morning class, and there were days
am a Michigan Man.’ The University of
when understandably many students
Michigan-Flint gave me that start, and it
were trying their best to stay awake, and
has catapulted my career.
in his usual fashion Greg was attentive,
“I
am thankful
and and
grateful
to all
smiling,
and asking
answering
the
faculty completely
and staff engaged
at the School
questions,
in the
of
Management,
Educational
lecture
and discussion,the
making
the most
Opportunity
Initiatives
Office, and the
of the situation
all the time.
Office of the Chancellor who helped
“Greg is truly the epitome of the UMmold me into the person I am today.
Flint student. His attitude, resilience, and
I remain an advocate for the University
ability are remarkable. I have no doubt he
of Michigan-Flint and the School
will always be successful in his business
of Management.”
career and the community.”
t
t
BUSINESS @ UM-FLINT
10
22
ALUMNI SPOTLIGHT
BE B OLD.
THAT IS THE THINKING BEHIND UM-FLINT’S RECENTLY
ANNOUNCED VICTORS FOR MICHIGAN CAPITAL CAMPAIGN.
The Victors for Michigan Campaign involves the entire University of Michigan community –
Ann Arbor, Dearborn, and here at Flint. Each campus, school, college, and unit has joined in
the campaign, each pursuing its own objectives and priorities, but all united by a shared vision.
Each one of you can be a Victor for UM-Flint. Every dollar raised will make a meaningful
difference for our students, faculty, campus, and the greater community.
At Michigan, the idea of being a victor has always extended beyond the athletic arena
to a university community whose members continually better themselves to make the
world a better place. Victors stand for something, stand with someone, and, above all else,
stand together.
Our victors, too, believe it’s time to be bold, to step up our support of academic excellence
and access to education. It’s time to be bold and support those who are completing degrees,
undertaking complex research and finding uncommon solutions to common problems facing
our community. It’s time to be bold; to stand and deliver on a promise.
The Victors for Michigan campaign offers alumni and friends the opportunity to make a real
and lasting difference in the future of UM-Flint – and, in turn, the future of our city, our region,
and beyond – by making strategic investments in three important areas:
• Student Support: Guarantee that a diverse group of the region’s brightest students will
be able to study at UM-Flint. There is no higher priority in this campaign than ensuring all
admitted students are able to enroll, attend, and succeed here.
• Engaged Learning: Transform and expand the UM-Flint education by extending academic
excellence from the classroom into real-world experiences that develop students’ global
purview and a creative, entrepreneurial mindset. We practice engaged learning as a
pragmatic and scholarly endeavor, one that creates useful results for communities, but also
adds to knowledge in a scholarly manner.
• Big, Bold Ideas: Create more than incremental change by focusing on big, bold ideas that
dramatically and substantially impact our university and the community. Included in those
investments are initiatives such as an Urban Community Research Center, enhancements
in the STEM programing, and much needed strategic capital projects like upgrades to the
Frances Willson Thompson Library and the Recreation and Wellness Center to bring these
buildings into the 21st century.
At UM-Flint, it’s our time. Right now is the moment when you will make an impact, a time when
your participation can change the life of a student, a community and a region.
BE A VICTOR FOR UM-FLINT. TOGETHER, WE WILL BUILD ON OUR PAST SO THAT
STUDENTS OF TODAY – AND TOMORROW – WILL ACHIEVE, LEAD, AND SUCCEED.
Sydnee Morin & Danielle Adams
1
BUSINESS @ UM-FLINT
SISTERHOOD
OF
CONVERSATION WITH THE DEAN
SUCCESS
&
WITH
DEAN JOHNSON
As they were growing up in their snacks and other goodies as a way of “To sit for the CPA exam, you need to
hometown of Swartz Creek, sisters meeting students who may be interested have 150 credit hours,” she explained. “By
choosing
major, I had
enough
Sydnee
Morin (BBA
’11) andPhD,
Danielle
inresearch,
internships
possiblyCan
careers
at an
youhere
provide
updatethe
on dual
the Hagerman
Center
for
In this interview,
Scott Johnson,
discusses
theor
new
credits
to take theHow
exam
without
having
Adams (BBA
’14)opportunities
enjoyed playing
with Plante
Moran,”
explained
Morin.
and
Innovation?
will
the center
Hagerman
Center,
with students,
and the
School
of Entrepreneurship
tofurther
go for anenrich
MBA.” the experience of
many
of the same
toys
dolls and
its resources
Management’s
ties in
the(Barbie
community
with UM-Flint
staffinvolvement
writer and
The sisters’
in recruitment
is
Matchbox
cars),
doing
many
of
the
same
UM-Flintatstudents?
Robert Gold.
rooted both in their positions
the firm When Adams was admitted to the
activities (pretending to be teachers and
were extremely
and she
humbled
by sure
a generous
gift
University,
wasn’t
what she
and their experiences We
as students.
Morin, grateful
traveling
withnew
theiror families),
even
from
Phil
and
Jocelyn
Hagerman.
The
gift
establishes
the
Are there
emergingand
areas
of research
SOM
faculty
originally a psychology major, decided to wanted to study. She “just knew it wasn’t
competing
in the same
(tennis,
golf,
Hagerman
Entrepreneurship
andHaving
Innovation.
are undertaking
thatsports
you are
particularly
about? after
to be science.”
seen The
her
go excited
into accounting
taking aCenter
course forgoing
and
center
will
coordinate
student
scholarships,
support
a
summer
Howbowling).
would you characterize the variety and
scope
of
SOM
in the subject and being asked to tutor sister enjoy accounting so much, she
program for high school
students,
provide
for
faculty
research?
decided
to give
it a faculty
try. Ansupport
internship
Still close
today, these sisters now enjoy other students.
teaching
and
research
efforts
in
entrepreneurship,
offer
partial
There
are
many
exciting
new
areas
of
research
by
School
of
she had early on helped her realize
many of the same successes. Both
“It programs,
was whensoDr.
askedfor
methe
to student
be
funding
Entrepreneurs
Society,
provide
an
Management
faculty. Weofoffer
a broad
set of
wePeng
accounting
was the
perfectand
fit for
her too.
received the distinction
Maize
& Blue
a tutor
for his accounting
class
that
award
for
our
annual
Business
Plan
Competition.
In
addition,
have
faculty
doing
research
in
many
areas
such
as
accounting,
Scholar, the highest award presented
I realized that I had stumbled into “During fall of my sophomore year, the
finance,
human resource
management,
by the University
of Michigan-Flint
to ainternational business, the gift will help support a nationally recognized faculty scholar
Honors
advisor
required
us to
something
I was good
at and enjoyed The
in entrepreneurship.
goalProgram
is to help
students
understand
management
systems,
marketing,
organizational
limited numberinformation
of students at
graduation,
the campus
as aheart
way
doing,”
said. “Then,
junior year, I attend
that entrepreneurship
is an exciting
pathcareer
and isfair
at the
behavior
and supply
chain
management.
Theshe
research
and
both landed
positions
at one
of the
of
practicing
our
professional
skills,”
said
started
exploring
internships.
I
didn’t
look
becomes
quite focused
leading accounting
firms within
in the these
world, areas. For example, of a market driven economy. Entrepreneurs are the drivers of
we
have
faculty
doing
research
on
topics related to mobile economic growth, jobs, and wealth creation. Certainly not all
Plante Moran.
marketing, corporate social responsibility, the emerging global students will want to go out and start a business, but we want
“She
setclass,
the bar
high,” said Adams
her
middle
self-expression
in theofworkplace,
IT alignment in to give a head start to those who choose that route.
older
sister.
supply chain partners, and intuition in the venture founding
How important and valuable is community outreach for
process.
These areI just
of the
interesting projects faculty
“And everything
did, some
she did
better,”
the School of Management? What opportunities do
are
saidinvestigating.
Morin.
students have to learn from or network with business
professionals outside the university?
How
does
that
research
further
the
education
and
career
Morin and Adams are now part of the tax
The community we live in makes for a much richer experience for
preparation
of
students?
staff at the Flint office of Plante Moran, the
Faculty
research
keeps
ouraccounting
professors engaged in their students and faculty. In the past year we had 12 faculty members
13th
largest
certified
public
— Danielle Adams
areasbusiness
of expertise.
The
point
is United
not to simply repeat what who taught courses labeled as Civic Engagement courses.
and
advisory
firm
in the
design
the courseAdams.
to create
special
projects
is
in a with
textbook.
Thelocated
goal is throughout
really to helpinto
identify
trends
in at Faculty
“I was
youngstudent
and didn’t
really
Plante
Moran
first, since
I didn’t
States
offices
and
learning
experiences
that
are
experiential
and
hands-on.
various
industries
and
help
students
anticipate
how
these
expect much. Little did I know at the
the Midwest and international locations think they would even consider me at the
We are also
part
of the Volunteer
Tax Assistance
trends
will affect
For example,
all industries
time thatIncome
this experience
would(VITA)
lead
I was at inare
my education.
But
after
in
Mexico,
China,their
and careers.
India. While
the point
program.
Dr. Cathy Miller teaches
theinternship
tax courseat
during
each
tax
being changed
by the continuing
movement
to digitization.
to my first
Plante
Moran
discovering
that they offered
internships
sisters
work independently
of each other,
season
and
students
work
with
elderly,
disabled,
or
otherwise
However,
the
interesting
question
is
how
this
technology
later
the
same
year.”
to
students
in
their
junior
year,
I
applied.
both collaborate as members of teams
needy individuals
to help them file income taxes. Students learn
will
transform
our to
world.
manufacturing,
Then,
I did a second internship
with the
providing
tax services
clientsRobotics,
and assist lean
As she worked on finishing up the
taxes
are able to be engaged in the community to
electronic
medical efforts
records,
relationship
firm during
my senior about
year and
wasand
hired
with
recruitment
byelectronic
frequentlycustomer
courses she would need for her
offer assistance. We also have over 30 internships each year
management
systems,
full communication
time after graduation.”
visiting
their alma
mater.and ubiquitous global
dual major, Adams took advantage
networks all point to very different ways we will work and where students work directly with business managers to gain
of an education abroad opportunity
In addition to internships, Morin enriched
“We’ve
delivered
classroom
presentations,
compete in the future to create value and relevance. Research insight about an industry and a job. These interns have the
that included experiences in Japan
her education with experiences she
presented
to
Beta
Alpha
Psi,
met
is about creating new knowledge and adding to the existing opportunity to learn the business and connect their academic
and Taiwan.
had
as
part
of
the
Honors
program,
an
with
students
career definitely
fairs/employer
knowledge
base.atStudents
benefit by having professors work with the real world. We also had a very successful Business
abroad trip to China, and a
marketplaces,
even
manned
a ofeducation
“My travel
gave
me
a
Plan Competition with 12 student
teams abroad
competing.
There
were
who stay currentand
in their
respective
areas
expertise.
and finance.
‘granola table’ where we gave away free dual major in accounting
greaterone
appreciation
for
the role
of
five finalist teams and, of course,
winner. The
winning
team
“
Little did I know at the time
that this experience would lead
to my first internship at Plante Moran...
”
BUSINESS
BUSINESS@@UM-FLINT
UM-FLINT 24
8
received $5,000 to help fund their plan. The judges consisted of
business people in the community who offered feedback and
suggestions for each team presenting in the final round. So, we
value student involvement in the community and recognize that
this networking provides a strong grounding for future success.
strategic planning. Each
committee
representatives
“It was
actuallyhas
the
experiences I from
had
across the many programs
departments
in the home’
university.
duringand
those
12 years ‘staying
that
SOM faculty are represented
on shaped
these various
committees
to
have most
my way
of thinking,”
help the university function
efficiently and effectively.
she said.
How does SOM support
looking
to
While working
raising professionals
their children,
Jocelyn
prospects?
There seems to be a trend in higher ed towards more further their skills orbecame
deeply involved in service
our academic
programs
such as She
the
focused management programs (i.e. innovation management, Our main focus is on
projects
both locally
and abroad.
Administration,
the Master
of Business
design management, cooperative management, etc.). Are there Bachelor of Business coached
basketball
and cheerleading,
Administration, and the
Master ofatScience
in Accounting.
new majors or areas of study SOM is considering adding?
volunteered
her children’s
schoolsSo,
in
working
professionals
to take
Yes, I think it is a natural tendency for programs to evolve and I would certainly encourage
Fenton, and
assisted
with legal, structural
At theaspects
undergraduate
do
become more specialized. Not long ago, there were programs advantage of these programs.
and financial
of the St.level
Lukewe
New
thatCenter
helps student
complete
thewent
finalon
two
across the country in distribution or logistics. This has now have an online option Life
in Flint. She
recently
a
to comewhere
to campus.
Our
morphed into a more comprehensive term called supply chain years of their degree without
missionthe
tripneed
to Romania
her group
popularatoption
for working
professionals
management (SCM). In recognition of this important area NetPlus! MBA is a very helped
a hospital
caring for
sick babies
MBA.
Each course meets face to face for
of business, we will begin to offer a new major in SCM in fall wanting to pursue an and
children.
2016. A similar example is what has traditionally been called a half day on Friday and Saturday twice during the semester.
“Working in these different contexts
call this
a mixed-mode course option. This provides the
smallDale
business
evolved Specialty
into We
and Phil management.
Hagerman shake This
handsconcept
in front ofhas
the Diplomat
Pharmacy
logo.
opened my eyes to what it is that people
entrepreneurship and innovation. This fall, in 2015, we will opportunity to know students and professors in a face-to-face
need most,” she explained. “I realized
begin offering a new major in Entrepreneurship and Innovation environment, but also takes advantage of the conveniences of
how fortunate I was to have been raised
Management. At the graduate level, our Masters of Science in online learning. We also offer graduate certificate programs in
by two, loving parents. Family has a
Accounting is still relatively new. The program is now in its third many areas of business that can serve as a refresher for working
profound effect on a child’s development
year and has seen excellent growth. Finally, the MBA will offer professionals who may already have a degree.
and future. I’ve also realized the role of
a new concentration in Organizational Leadership.
OurDiplomat
facultyco-founder
— Dale Hagerman,
Outside of our normal
academic
theand
School
education
in aprograms,
person’s life
how of
it
are very innovative and aggressive in creating new programs
Management
at the Riverfront
can morning
pull themseminars
out of different
situations
SNAPSHOT Diplomat (NYSE: DPLO) serves patients and physicians
in all 50offers free
that will help our students be successful.
on various topics
as significance
“how to buy
and and
sell
as wellsuch
as the
of living
states. Headquartered in Flint, Michigan, the company focuses Center
on medication
a
company,”
“the
physician
as
entrepreneur,”
and
“creating
How
does
the
university’s
location
in
and
relationship
working
in
a
community
that
you’re
management programs for people with complex chronic diseases, including
a business
that has proud
value.”of—where
We bring you
in guest
speakers for
withoncology,
a city like
Flint benefit
SOM students?
feel safe.
immunology,
hepatitis,
multiple sclerosis, HIV, specialized
infusion
Whattherapy,
I find fascinating
aboutserious
Flint isor
that
people conditions.
can literally these morning sessions who are experts in these areas. We
and many other
long-term
“Phil and I have always believed in giving
see the positive changes that are happening around us on a also offer an Economic Forum each December with local and
back. We recognized that we could have
MISSION At Diplomat, we blend clinical excellence with a personal touch—
daily basis. The college town feel is rapidly evolving in Flint. out-of-state experts who discuss the regional and global
an even greater impact by starting a
for happier lives and health that lasts.
UM-Flint has been growing at a faster rate than the majority economic outlook.
foundation and being more strategic
A FAMILY
traces
roots
backhigh
to 1973 when Ideal
of other
public BUSINESS
universitiesDiplomat
in Michigan.
Weitsoffer
a very
with our gifts. It was this ‘entrepreneurial
the
store that
became
thetofirst
Diplomat, opened in
valuePharmacy,
education.
Students
areeventually
choosing to
be here
attend
thinking’ guided by the three values
Flint.
It was the
in aand
small
chain
partFlint
by Dale Hagerman,
a great
university
likefourth
UM-Flint
also
be aowned
part ofinthis
of family, education, and community
R.Ph. Two years later, Dale traded in his stock to buy the store shortly after
renaissance.
that eventually led to the birth of The
his son, Phil, graduated with a pharmacy degree from Ferris State. The
How does SOM leverage its expertise and resources when
Hagerman Foundation.”
father-son team founded their new specialty pharmacy under the name
working with other colleges/units within UM-Flint and the
Creating opportunities for other aspiring
Diplomat. Today, Phil’s daughter Jennifer Hagerman, Pharm.D., represents a
University of Michigan system?
entrepreneurs is also important to the
third generation of Hagermans contributing to Diplomat’s success. She is the
There are tremendous opportunities at UM-Flint for partnering
Hagermans. This was the inspiration for
company’s associate vice president of education and training and the current
and being engaged across various programs and departments.
the couple to start SkyPoint Ventures.
president of the Michigan Pharmacists Association.
I think one of the challenges for faculty is to simply learn about
Located in the Dryden Building in
the many things and then choose how to be engaged. There is
downtown Flint, SkyPoint Ventures seeks
the
Innovation
Incubator
on ‘business
campus, various
research by
support
the desire to help others. opportunities to invest in businesses and
against
the status
quo of
as motivated
programs,
MHealthy
initiative,
the Thompson
Center
She grew
up forin Michigan’s Upper real estate. Two of these investments
usual.’ As the
Diplomat
grows,
our team
Learning
mentoring opportunities,
and University
then attended Central Michigan include the Ground Floor Market and
continuesand
to Teaching,
be entrepreneurial
in the Peninsula,
Outreach.
Also,
as
you
know,
the
faculty
are
very
in
she majored
in management. Aframes, a local eyewear company
way they approach their jobs. This is where involved
the
governance
of
the
university.
There
are
many
committees,
what gives us our competitive edge and After graduation, she gained professional (started by Flint-area entrepreneur Wes
both
at the SOM
level and
at the
university level,
whereworking
faculty in marketing and sales
experience
will support
our growth
in the
future.”
Stoody) that donates $2 to Helen Keller
make important decisions about programs
andmarrying
initiatives.
before
Phil and deciding to stay International for each pair of glasses sold.
REALIZING
OPPORTUNITIES,
In
my experience,
I always liked serving onhome
various
university
with
their children. Today, Jocelyn is The company owns the Dryden and Ferris
committees
because
it gave me the chance to
meet
faculty
and
INVOKING
CHANGE
the CEO of The Hagerman
Foundation and buildings in Flint, the Beanery in Fenton
staff
members
outside
of
my
particular
college.
For
example,
Throughout her life, Jocelyn Hagerman president of SkyPoint Ventures.
(future of home of Red Fox Outfitters)
there
are drawn
committees
that support
has been
to creative
thinkingthe
andThompson Library, the
and other properties in Chicago and
International Office, and an advisory committee on budget and
“
DIPLOMAT
Take good care of patients,
and the rest falls into place.
”
t
5
BUSINESS @ UM-FLINT
Jocelyn Hagerman assists with the grounds
clean up at AGS Middle School in Fenton. The
Hagermans helped support this initiative.
NEW FACULTY & STAFF
SOM NEW FACULTY
“We &
wantSTAFF
to keep the creative energy
flowing,” said Phil. “We want the Flint
a vibrant center for
ACADEMIC ADVISORcreativity. By supporting the School
Hagerman
Foundation
was
Anna Bennett Reed
excited to joinwe
thehope
Schooltoofattract
ManagementThe
at the
University
of Michigan-Flint.
of isManagement,
established
in
the
summer
of
2014
She is from Indianapolis,
Indiana,
where she
earned her
BA in French with concentrations in German
students,
business
leaders,
and
with
one
mission
in
mind:
and accounting from
Butler University.
earnedthen
her MA
entrepreneurs
here She
to learn,
to in applied sociology with a focus on urban
renewal from the University
of
Indianapolis.
She
has
over
15 years oftoexperience
as animprove
academicthe
advisor
brighten and
grow their businesses.
Charlotte. SkyPoint’s managing director is
and an academic coach, and is dedicated to helping students succeed.
lives of future generations.
Bryce Moe, who has years of experience
“The University is an important anchor
Phil and Jocelyn Hagerman established
running his own business and assisting
in the Flint community. The success of
the Foundation as a way of creating
others with theirs.
these two entities go hand-in-hand. That
greater
impact and positive change.
is why we chose to make this gift to UM“All of the people we’ve
with
ROZworked
NOWOSIELSKI,
MBA,
CPA
Flint. We believe in the leadership of
RECIPIENTS
through SkyPoint have
the integrity,
LECTURER
OF ACCOUNTING
Dean
Johnson
and
Chancellor
Borrego;
Carriage
Town
attitude, and ability to be entrepreneurs
Roz Nowosielski holds
an
MBA with
a concentration
in managerial accounting from Wayne State University
our
money
has
been
well
spent.”
Diaper
Bank
of
Genesee
County
in their own space,” Jocelyn said. “This is
and a BBA from the University of Michigan-Dearborn. Her professional experience includes working in
Place
what drives these different ventures.”
added,
“It’s
a privilege
to public accounting Ele’s
private industry onJocelyn
the financial
staff
of been
General
Motors and
as a CPA with a firm in the
Ferris
State
University
work with the University so far, and
related to auditing, managerial
LOOKING AHEAD Metro Detroit area. She attends professional conferences and seminars
Flint
River
Watershed
Coalition
we’re
looking topics.
forward to the exciting
accounting,
and other
accounting
Phil and Jocelyn want the new
community
Forever
Changed
International
plans unfolding for the future. SOM
ventures they helped create to grow
Freedom Center
offers a unique model. We’d like to see it
and prosper. This is why the couple is
The Girls Court
become the place people from all across
investing heavily in both the community
Hurley
Children’s Center
the county go to learn entrepreneurship.
PhD
and education as a waySANDUN
of preparingPERERA,
the
The Pink Fund
“I also
our gift as a AND
way of
passingCHAIN MANAGEMENT
ASSISTANT
OFsee
OPERATIONS
SUPPLY
entrepreneurs of tomorrow
withPROFESSOR
the
University of Michigan-Flint
on
my
husband’s
legacy—his
mindset
knowledge, confidence, and
skills
they received his PhD in Operations Management as well as an MBA
Young
Camp
Sandun
Perera
andLife
an MS
in supply chain
and
his
positive
attitude.
That
is
what
need to follow in their footsteps.
management from the University of Texas at Dallas. He also holdsthehagermanfoundation.org
a doctorate in financial mathematics,
entrepreneurship
is really
about.”
and master of science
degrees in statistics
and
applied mathematics, and in mathematics from Florida
ANNA BENNETTarea
REED,
MA
to become
t
Atlantic University. He earned his BS in finance, business, and computational mathematics with first
class honors from the University of Colombo, Sri Lanka.
Dr. Perera’s research broadly focuses on supply chain management, the operations-finance interface,
the operations-marketing interface and financial engineering. His research has appeared in journals
such as Operations Research Letters, Risk and Decision Analysis, Mathematical Finance Letters and European
Journal of Operational Research. He received the Financial Services Section Best Student Research
Paper Award (second place) from the Institute for Operations Research and the Management Sciences
(INFORMS) in 2012. He is currently a member of the editorial review board of International Journal of
Business Analytics.
The Maize and Blue Distinguished Scholar Award is the highest academic
award bestowed upon graduates of the University of Michigan-Flint, and
is presented to no more than 13 graduates at each spring and winter
SHICHUN (ALEX) XU, PhD
commencement ceremony. During the 2014/2015 academic year, five
ASSISTANT PROFESSOR OF MARKETING
SOM students received this honor.
Shichun (Alex) Xu earned his PhD in marketing with a minor in international business from Michigan State
University in 2007. Before joining UM-Flint, he was on the faculty at University of Tennessee-Knoxville. Xu
will be teaching courses in new product development and marketing strategy.
MAIZE AND BLUE
DISTINGUISHED SCHOLAR AWARD
CONGRATULATIONS
to this year’s Maize & Blue Award winners!
Xu’s research interests include new product development, international marketing strategy, and
channel relationships. He has published in the Journal of Product Innovation Management, Management
DECEMBER
2015 and the Journal of
International Review, Journal of Business Research,
Journal2014
of InternationalMAY
Marketing,
International Business Studies among others. Danielle
His current
research
focuses
on
effective
Adams
Joshua Smith management of
research and development alliances to facilitateErin
knowledge
transfer between
alliance partners and to
Dail
Elyssa Staffne
increase the innovation output of alliances.
Meri Kirshman
BUSINESS @ UM-FLINT
26
ENTREPRENEURSHIP
DONOR SPOTLIGHT
FACULTY
RESEARCH
SOM FACULTY RESEARCH
SIMA FORTSCH, PHD, ASSISTANT PROFESSOR OF OPERATIONS MANAGEMENT
DEFINED
SMALL TECHNOLOGY INVESTMENT CAN REDUCE UNCERTAINTY IN DEMAND FOR BLOOD,
OPERATIONS RESEARCH FOR HEALTHCARE (UNDER REVIEW)
Finding ways to improve the supply chain has become an important focus in global health care. Its
main challenges are uncertainty in demand, inventory management, and available human resources.
This study addresses some of these challenges faced by blood banks.
“This field study shows that the demand for blood is nonstationary and cannot be accurately forecast
using Excel,” said Fortsch. “Rather, the Box-Jenkins methodology, which requires a small investment
in technologies such as Minitab and STATA
was proven
to be the optimal
choice topresented
forecast demand
for blood.
Thissoftware,
past winter,
the Hagerman
Foundation
the School
of
It reduces the uncertainty in demand for blood up to 400 percent. The technology makes it easy for practitioners to apply
Management (SOM) with a $2 million gift to establish the Hagerman
sophisticated techniques in forecasting and allows them to lower their costs, reduce their blood wastage, and conserve
Center for Entrepreneurship and Innovation. This gift, the largest
this precious and limited resource.”
to date for SOM, is being used to support student scholarships,
a summer program for high school students and faculty teaching
MIN JUNG KANG, PHD, ASSISTANT PROFESSOR OF FINANCE
and research efforts (related to entrepreneurship) as well as partial
THE IMPACT OF THE BIO-TERRORISM ACT ON THE SUPPLY CHAIN AND FIRM VALUE,
JOURNAL OF FINANCE ISSUES (FEBRUARY
2015)
funding
for the student Entrepreneurs Society and award money
On June 12, 2002, President Bush signed
the Public
Health
Security
and Bioterrorism
for into
the law
annual
business
plan
competition.
The gift also inspired a
Preparedness and Response Act of 2002. The Act requires domestic firms and importers to register
new major offered through SOM this fall, Entrepreneurship and
their agribusiness facilities with the US government, to notify Homeland Security prior to shipment
Innovation
Management.
of agricultural products, and to keep records
on the
origination of agricultural inputs and the
destination of agricultural outputs. As a result, the Act significantly altered the regulatory climate for
With
food industry firms who do business in the
US.all of this talk about entrepreneurship and innovation, students
are asking:
is entrepreneurial
Why
is it in
important?
“This paper presents evidence that the passage
of the What
Bioterrorism
Act resulted in anthinking?
average 3.2%
decline
the market
equity value of domestic food industry firms,”
said
Kang.
“Our
analysis
suggests
that
costs
are
increasing
in
the
diversity of
How can I become an entrepreneur?
the firms’ supply chains. Such results imply that food industry should be aware of the cost-increasing supply network due
to the (potential) terrorism and should eventually assimilate its cost to business performance.”
Who better to answer these questions than the donors of this gift,
Phil Hagerman speaks during a press conference
on the UM-Flint campus.
successful entrepreneurs Phil and Jocelyn Hagerman.
QUNFENG LIAO, PHD, ASSISTANT PROFESSOR OF ACCOUNTING
REAL AND ACCRUAL-BASED EARNINGS MANAGEMENT
“Entrepreneurship is creative energy,” said Phil Hagerman, CEO and chairman
IN THE PRE- AND POST-IFRS ADOPTION: EVIDENCE FROM CHINA,
of Diplomat
Pharmacy,
president
of The Hagerman
Foundation, and co-owner of
JOURNAL OF INTERNATIONAL FINANCIAL
MANAGEMENT
AND
ACCOUNTING
(FORTHCOMING)
SkyPoint Ventures.
A-shares are shares in mainland China-based companies that trade on Chinese stock exchanges
“It’sStock
a new
way of thinking.
Changing
the status
for the better, then being
(Shanghai Stock Exchange and the Shenzhen
Exchange).
In 2007, all
listed A-share
firmsquo
in China
catalyst forstandards
change. that
Thishave
involves
coming conformed
up with a to
good idea, then doing
were required to comply with a new set ofa accounting
substantially
what’s
necessary
to
help
it
germinate
and
grow.
Entrepreneurial
thinking
IFRS. With this new reform came new auditing standards and internal control reporting requirements.
isn’t
limited
to
business;
it’s
a
way
of
life.”
The purpose of this study was to investigate the prevalence of both accrual- and activities-based earnings management for
Chinese A-share firms surrounding the adoption
new standards.
“Changesofinthe
society
don’t happen without an entrepreneurial mindset,” added
his wife, Jocelyn
CEOweoffind
Thethat
Hagerman
co-owner
of
“Based on a sample of 4,050 firm-year observations
fromHagerman,
2002 to 2011,
ChineseFoundation
firms in the and
post-IFRS
period
SkyPoint
Ventures.
“This
involves
‘thinking
outside
of
the
box’
on
a
daily
basis;
it’s
(2007–2011) are less likely to engage in accrual-based earnings management,” said Liao. “The magnitude of discretionary
notInsomething
happens
overnight.”
accruals also declines after IFRS adoption.
response, that
we see
firms turning
to real activities manipulation as a substitute
for upward earnings management.
ENTREPRENEURIAL MIND, COMPASSIONATE HEART
“We found that the benefits of IFRS adoption
in curbing
upward
accrual-based
earnings
manipulation
not corner
evenly
Under Phil
Hagerman’s
leadership,
Diplomat
has grown
from aare
small,
distributed across firms. Specifically, the
benefit in
diminishes
for nation’s
firms that
are controlled
by specialty
Chinese pharmacy.
central or local
drugstore
Flint into the
largest
independent
Now
governments, located in less developed regions
or have
weak
financial (NYSE:
performance
therefore
subject
to delistinganother
status.
a publicly
traded
company
DPLO), and
Diplomat
recently
celebrated
We also find that the benefit is less pronounced for manufacturing firms than for their non-manufacturing counterparts.”
3
BUSINESS @ UM-FLINT
FACULTY RESEARCH
SOM FACULTY WORKS IN 2014-15
REFEREED JOURNALS IN PRINT
Syagnik Banerjee
“Assessing Prime-Time for Geotargeting with Mobile Big Data”
Journal of Marketing Analytics
“Genetically Modified Organisms and the U.S. Retail Food Labeling
Controversy: Consumer Perceptions, Regulation and Public Policy”
Business and Society Review
“Mobile Marketing in Emerging Economies: Adaptations and Innovations”
Research Handbook of Marketing in Emerging Economies
Brian Blume
“A Tale of Two Transfers: Disentangling Maximum and Typical Transfer
and Their Respective Predictor” Journal of Business and Psychology
“Foreign Language Training Transfer: Individual and Contextual
Predictors of Skill Maintenance and Generalization” Military Psychology
Erin Cavusgil
“An Investigation of the Black Box Supplier Integration in New Product
Development” Journal of Business Research
“Complements or Substitutes? Internal Technological Strength,
Competitor Alliance Participation, and Innovation Development”
Journal of Product Innovation Management
Weiqi Li
“A Parallel Search System for Dynamic Multi-Objective Traveling
Salesman Problem” Journal of Mathematics and System Science
Qunfeng Liao
“Real and Accrual-Based Earnings Management in the Pre- and Post-IFRS
Periods: Evidence from China” Journal of International Financial
Management & Accounting
Seyed Mehdian
“An Empirical Analysis of the Diffusion of Information across Stock
Markets of New European Union Members” Prague Economic Papers
(*with Mark Perry)
Keith Moreland
“Differences in Learning Styles: Implications for Accounting Education
and Practice” CPA Journal (*with Clement Chen)
Mark Perry
“An Empirical Analysis of the Diffusion of Information across Stock
Markets of New European Union Members” Prague Economic Papers
(*with Syed Mehdian)
PRESENTATIONS
Syagnik Banerjee
“Distraction or Enrichment? Understanding the Impact of Augmented
Clement Chen
Reality Environments” presented at Marketing Science INFORMS, June
“Differences in Learning Styles: Implications for Accounting Education and
2015, in Baltimore, MD.
Practice”
CPA
Journal
(*with
Keith
Moreland)
successful
quarter
(August,
2015). medication. Some of their costs would The Hagerman Foundation presents a $2
In-Store million
Consumer
Experiences
via User-Generated
check
to the School
of Management in
Francine
Cullari
hit a donut hole.
Highlights include: revenue of $808 be covered, then they’d “Understanding
Content from Social Media”
presented
at Marketing Science
support
of entrepreneurship
and INFORMS,
innovation.
“The Benefit Corporation: Corporate Governance and the
to us, it MD.
million (an increase of 49% or $266 million), While this presented a challenge
June 2015, Baltimore,
For-Profit Social Entrepreneur” Business and Society Review
Pictured from left to right: Phil Hagerman,
challenge to
an(*with
increase
of Hemphill)
19% in total prescriptions presented an even greater
Thomas
Hagerman,
Chancellor
Borrego,
“Visualizing Active TravelJocelyn
Sentiment
in an Urban
Context” Susan
presented
find a wayConference
to and Dean
dispensed
International
in Travel
Behavior
Research, July 2015,
Scott
Johnson.
Sima Fortsch and an adjusted EBITDA our patients. We neededatto
London, UK.
“Small Technology
Helps Forecastto
Demand
Blood
helpFor
them.
increase
of 287%.Investment
More importantly
Phil explained. “Along with growing your
Accurately” Transfusion
Journal
Clement Chen
Hagerman,
patient satisfaction
rates are
“Diplomat
had
been
developing
it’s important
to Implications
reinvest in
“What is the Deal with Allbusiness,
of This Learning
Style Discussion?
Thomas
Hemphill
over
99%
(based on an annual Patient
connections
with national
charitable
for Accounting
Educationthe
and Practice”
presented
at American
community.
People
wantAccounting
to work
“The Benefit Corporation: Corporate Governance and
the For-Profit Social
Satisfaction Survey conducted in 2014).
AssociationWe
Annual
August 2014,that
Atlanta,
Entrepreneur” Business and Society Review (*with
Francine Cullari)and foundations.
organizations
gotMeeting,
for companies
areGA.
having a positive
Johnson
“Patentof
Assertion
Entities: success
Do They Impede
and Technology
with these Scott
groups
and other impact in the world beyond hiring local
“Most
Diplomat’s
can Innovation
be in touch
“Valuing the Teacher Scholar in Business Education” presented at
Commercialisation?”
Technology
Analysis
&
Strategic
Management
traced back to entrepreneurial thinking agencies to identify programs that would employees. When they see your company
International Conference on Business and Information, July 2014,
“Responsible
Innovation
and Patent
Assertion
of
helpJournal
cut patients’
costs or
eliminate
and
our company
philosophy,
‘Take
goodEntities”
Osaka,
Japan. their becoming the catalyst for change, they’ll
Responsible Innovation
2014,Laurence
we secured want to be a part of it.”
care of patients, and the rest falls into copay altogether. In Greg
“Wholly Owned Foreign Subsidiary Government Relations Based
in financial
place,’”
he shared. “We make it a priority more than $55 million
“A Six-Nation
Comparative Study on the Psycho-Social Mechanism of
Strategies in the Philippines” The Routledge Companion to
Phil’s approach
to Congress
leadership
evolved
Working
Long Hours” presented
at International
of Applied
toNon-market
not let patients
fall through the cracks. assistance from third-party organizations
Strategy
from
the
example
his
father,
Dale,
taught
Psychology, July 2014, Paris, France.
It
is our
high-touch service model that and commercial assistance programs to
Yener
Kandogan
early
on. as
From
the time
he wasto old
“Enjoyment of Work andhim
Driven
to Work
Interacting
Motivations
Job
patients cover their medications.
differentiates
other
pharmacies.”
“Freedom and us
thefrom
Emerging
Global
Middle Class” help
International
Craft” presented at Academy
of Management
Annual
Meeting,
August
enough
to
drive,
he
went
into
work
with
Business Review (*with Scott Johnson)
Diplomat now has a staff2014,
of 22Philadelphia,
employeesPA.
While this approach sounds simple in
his dad and helped with all aspects of the
Min Jung Kang
whose jobs are dedicated
to reducing
“Evidence
for thethe
Differential
Effects from
of Self-Initiated
vs. Organizationtheory,
it
is
actually
quite
complex.
Beyond
business:
sorting pop
bottles in the
“The Impact of the Bio-terrorism Act on the Supply Chain and Firm Value”
financial barrier for our Imposed
patients.”
Overload” presented at Academy of Management Annual
Journalahead
of Finance
staying
of Issues
new advancements in
basement PA.
to running the soda fountain
Meeting, August 2014, Philadelphia,
medicine
and the pharmaceutical industry, Phil considers social responsibility to be with his sister to working in the pharmacy
C. Peeth Kartha
Jie Li
Determining
the Optimal Sampling
for Feedback
distinguishing “Paternalistic
factor between
it “On
requires
relationship
building Frequency
with another
hisPerformance:
father.
Leadershipalongside
and Follower
The Role of LMX
Quality Control Systems” Scientific Annals of the “Alexandru Ioan Cuza”
and Identification
with Leader” presented at Academy of Management
it often
doctors, payors, and the pharmeutical Diplomat and other companies;
University of Iasi
was ‘your
job’,” he recalled.
Annual
Meeting, He
August“Everything
2014, Philadelphia,
PA.
decisions.
industry; an understanding of patients’ guides his entrepreneurial
Greg Laurence
“You
had
to
do
what
had toand
beTaking
done.
with Leader as Mediator between Leadership
was born and raised in “Identification
Genesee County
needs
and approaches
to problem
solving.Self-Representations:
“Diplomas,
Photos, & Tchotchkes
as Symbolic
That’s
the
way
a
lot
of
small,
start-up
Charge” presented at Academy of Management Annual Meeting, August
Understanding Employees’
Individual
Use of as
Symbols”
andAcademy
feels strongly about
giving back to
“Entrepreneurs
see every
problem
2014, Philadelphia, PA. businesses work.
of
Management
Journal
an opportunity—a chance to grow,” said the communities where he lives (Fenton)
Cathleen Miller
“Fear
Terror
and Increased
Burnout over Time:
andExamining
works (Flint).
Phil.
“Aoffew
years
back, theJobgovernment
“Approaches
like those
shared here
“Sustainability Reporting:
Information Asymmetry
andI’ve
Message
the Mediating Role of Insomnia and the Moderating Role of
Inconsistency” presentedaren’t
at American
Accounting
Association
introduced Medicare Part D, which
always
applauded,
but they are
Work Support” Journal of Organizational Behavior
“Big businesses sometimes
their
Annualforget
Meeting,
Augustat
2014,
changed the way patients pay for
theAtlanta,
heart GA.
of entrepreneurship—going
roots; we work hard not to forget ours,”
BUSINESS
BUSINESS@@UM-FLINT
UM-FLINT 28
4
Dear Alumni and Friends of the School of Management:
Dear friends:
I am very pleased and proud to welcome you to the current issue of Business @
UM-Flint.
In past
reviewing
theseacademic
stories, year!
I am Thanks
struck to
bythe
the
powerfulofpositive
impact
We made
history this
2014-2015
generosity
The Hagerman
people
can
choose
to
have
on
others.
People
can
choose
to
make
a
positive
difference
Foundation, the School of Management (SOM) was awarded its largest gift to date ($2 million) in
TO OUR
SCHOLARSHIP
RECIPIENTS!
would2014/2015
like to thank our donors
for their tremendous
support
students and the and
community.
These
are stories
of commitment,
hardand
work,
and
support for
of entrepreneurship
innovation.
Beyond
their financial
support, Phil
Jocelyn
optimism.
These
faculty,
students,
and friends
of the School
Hagerman
have given
to people,
SOM in including
other ways
as well
throughalumni,
internships,
development
of the
Gifts totaling $78,555 were awarded to the following students:
of Management,
are connected
a common
belief
in a bright
future.
downtown
area near campus,
and theirthrough
involvement
in other
exciting
initiatives
taking place
at the University.
The generous and thoughtful gift by Phil and Jocelyn Hagerman marks the beginning
of Hagermans’
a commitment
innovation
curriculum.
We want
While the
gift to
is truly
makingand
an entrepreneurship
impact in the livesinofour
students,
the University
students
to
know
they
can
accomplish
anything
they
set
their
minds
to.
Entrepreneurial
and the Flint community, SOM appreciates the gifts that all of our supporters have given
is a mindset
that leads
to economic
growth
and
the creation
value.
this pastthinking
year. Every
dollar counts.
Whether
it was $5,
$500 or
$5,000,
please of
know
that your
DEAN’S
MESSAGE
contribution
is being
used
totosupport
theUniversity
next generation
of businessWe
leaders
in achieving
It is an
exciting
time
be at the
of Michigan-Flint.
are committed
to
excellence.
We
are
grateful
for
the
support
we
receive
from
each
and
every
one
of
you
and
excellence in teaching, research, and service. We are also committed to building a
look forward
to new
opportunities
as we
embark
on the
Victorstheir
for Michigan
Campaign.
national
reputation
as a place
where
students
develop
many talents
and are then
University of Michigan-Flint
Office of Development
1001 Northbank Center
303 E. Kearsley St.
Flint, MI 48502-1950
prepared
make a and
positive
difference
theimportance
world.
Your gifts
of time,to
treasure,
talent
speak tointhe
you place on this University.
Office: (810) 424-5480
Mobile: (810) 577-2173
[email protected]
Just think what we can do when we give of ourselves and bring all of our energy together.
Scott D. Johnson, PhD
Sincerely,
Dean
They also
speak to the value you place on education and the passing on of that knowledge.
Sincerely,
Please feel free to contact me directly to discuss ways you can use your gifts to best support
students, the University, or any of the other exciting projects you read about in this magazine.
TABLE OF CONTENTS
Melissa Stephens-Farrell
Major Gift Officer, Senior
RECIPIENTS
42 SCHOLARSHIP
P.S. You can also make a gift through the School of Management
website
3
ENTREPRENEURSHIP DEFINED
at www.umflint.edu/som by clicking on the “give online”4button.
48
SISTERHOOD OF SUCCESS
410
SCHOLARLY PENS
411
SOM INTERNS HELP OPEN
GROUND FLOOR MARKET
413
CONFRONTING ISSUES
WORKING WOMEN FACE
414
REAL WORLD INVESTMENT
415
WHAT I’VE LEARNED ALONG
THE WAY...
417
CONTINUING TRADITION
419
RX MBA
421
SOM GRADUATE BECOMES FIRST
CFO OF DETROIT LIBRARY
SCHOOL OF MANAGEMENT ENDOWMENT
424
Q&A WITH DEAN JOHNSON
Total Market Value of the School of Management Endowed gift funds:
426
NEW FACULTY & STAFF
427
FACULTY RESEARCH
429
DONOR RECOGNITION
FUNDRAISING HIGHLIGHTS
TOTAL GIFTS FOR 2014/15: $2,098,426
12%
Allocation of giving:
n 62% toward faculty support (includes newly established Hagerman
Faculty Development Professor of Entrepreneurship and Innovation)
n 25% toward student program support (gifts made to the
accounting fund, study abroad, NetPlus!, Entrepreneur Society)
25%
n 12% toward endowed and non-endowed student scholarships
n 1% toward strategic initiatives (gifts made to the Excellence Fund)
March 31, 2014
$1,420,516.04
CONGRATULATIONS
SCHOOL OF MANAGEMENT
DONOR RECOGNITION
DONOR RECOGNITION
March 31, 2015
$3,570,062.33
1%
62%
for academic year 2015 (July 1, 2014- June 30, 2015).
VISIONARY LEVEL
(Over $100,000)
BAKER ROBERSON SCHOLARSHIP
The Hagerman Foundation
Ryan McAvoy
David Beckwith
Cheryl Catton
Mary Caughlin
Laura Chall
PROFESSORLEVEL
ROBERT COJEEN SCHOLARSHIP
EXECUTIVE
Louis Ciccone
($15,000$99,999)
Yaqian Chen
Jessica Martin
William Crittenden
Lindsay
George Parker
John
andFiggins
Kathie Heitmann
Francine Cullari*
Carol
Gao
Jamie Pemberton
PricewaterhouseCoopers
Jeffrey Doyle
Ding Li
Joseph Seitz
DEAN’S CIRCLE
Ed and Melissa Farrell*
WALKER E. FESMIRE ACCOUNTING SCHOLARSHIP
($5,000-$14,999)
Michael Fulgham
Jiaxin Chen
Jamie Pemberton
Carroll Baker and Kimberly Roberson
Eric Gasper
Britney Farlow
Joseph Seitz
Cooper Commercial Group LTD
Patricia Goode
Lindsay Figgins
Susan Wallace
Win
and
Jodie Cooper
Jessica
Martin
Google, Inc.
Nick and Sharon George
Deron Hackney
R. & E. FREEMAN NETPLUS! MBA SCHOLARSHIP
Charles Stewart Mott Foundation
Jessica Hagemeister
Genevieve-Nicole Fischre
Stella Sorovigas
Ruth Person*
Teresa Irland-Munley
David Kazmierski
Robert Vreeland
Rachor
Family
Foundation
William Preston
Jared Williams
Stephen Jacobson
R.
& E. FREEMAN
PARTNER
LEVEL SCHOOL OF
($1,000$4,999)SCHOLARSHIP
MANAGEMENT
Gregory and
Alexis
Jennifer
Andrew Flagel
Renee
Bishop
Dave and Diana Gibbons
Mary Blondin
David Hoffman
Robyn Brown
Scott and Mary Johnson*
Yaqian Chen
Oliver LaGore VanValin
Dynasty Dyer
Investment Group
Lindsay Figgins
Cathleen Miller*
Matthew Hemric
Plante
Moran
Justin Hernandez
Julius
and
JoAnne Shaw
Diana Hourigan
Rick
and
Michele Tromble
Taylor
Keen
Yener Kandogan*
Beverly Karis
Marilyn Kimball
Bryon Killin
Kristine Jozwiak
Herbert Kops
Matthew Lindhurst
Linda Leach
Jessica Martin
Heidi Lund
Ryan McAvoy
Richard Merrill
Marc Middleton
Theodore Nelson
Maxwell Montney
Sharon Peariso
Juliet Murphy
Judy Rappuhn
Edward Sinclair
James Rau
Drey Taylor
Donor Level
(Up to $99)
CHARLES ERICKSON RACHOR SCHOLARSHIP
Joseph Adrid
Elizabeth Rayq
Jacinda White
Chenchuan ShiRichard Allinger
James Baker
THOMAS P. RYAN & THOMAS P.
Jamie Barber
RYAN, JR. SCHOLARSHIP FUND
Keith Barkiewicz
Mary Blondin
Bryon Killin
Arthur Biddulph
Heather Bowman
Meri Kirshman
Matthew
Bohlen
Robyn Brown
Kristine Jozwiak
Raymond Collins Ding Li
Jiaxin Chen
Yaqian Chen Jeremiah Cook*
Teresa Lindhurst
Barbara Cullinan
Jessica Martin
Kathy Elsworth
Dynasty Dyer Antoinette Fahey Ryan McAvoy
Lindsay Figgins
Juliet Murphy
Cynthia Fairgate
Carol Gao
George Parker
Jeanne Force
Aubrey Hammill
Jamie Pemberton
Charles
Gearing
Matthew Hemric
Joseph Seitz
David Greiner
Justin Hernandez
Devon Taljonick
Carl Gretzinger
Diana Hourigan
Susan Thorp
Glo Ivory
Jessica Winowski
Lucille James
Taylor Keen Robert Johnson
Yunyao Zhang
Denise Ketchmark
SCHOOL OF MANAGEMENT
ALUMNI SCHOLARSHIP
Ellen
Klobuchar
Oluwagbounmi Adejuwon
Travis Emmons
Sailab Ajmeri Steven Kramer
Elizabeth Ray
Kristin BowdenFrederick Ledtke
Jared Williams
Erika Bramer Anthony Macksoud
McCoy Accounting
Services
LLC
SCHOOL OF MANAGEMENT
MERIT
SCHOLARSHIP
Rebecca Blakemore
Deborah McMillan Ashley Schram
Joshua Blanchard
AlbertLiving
SteeleTrust
James Mitchell Revocable
Briar Brelinski Patrick Ouellette Lashondra Wafer
Joseph Reynolds
Mariah Delecki
Morgan Wolfe
Patrick Palmer
Michael Witt*
JESSICA HAGEMEISTER CPA SCHOLARSHIP Robert Ringler
John Harris
Jerry Ponder
Emil and Nancy Sabolish
Deborah Ferguson
Roger Slaght
SUPPORTING LEVEL
SCHOOL OF MANAGEMENT
Roderick Reed
Catherine Sluys
Jamie Pemberton
($500-$999)
STUDY ABROAD
SCHOLARSHIP
Michael
Shegos
John Sullivan
Stephen
Bolerjack
I. DOUGLAS
MOON SOM UNDERGRADUATE
Joshua Eggleton
Ronnie Prince-Jones
Anna Swartz*
Janette Sullivant
MERITand
SCHOLARSHIP
Sean Lemke
Joshua Schultz
Marc
Suzanna Holzer
Kelvin Tippit
Gregory Taunton
Jessica Winowski
Chase McCrumb
Robert
and Annie Joubran
Tracy Truchan
James Thibodeau
The
David
A PageCPA
Trust
Account
DAVID
A. PAGE,
SCHOLARSHIP
FUND
DAVID C. TUCKER
CPA and
SCHOLARSHIP
Richard
Pat Utley
Marc and Sandra Warner
Bryon Killin
Roger Slaght
Bryon Killin
George Parker
Michael
Weber
Melody Warzecha
CONTRIBUTOR
George Parker LEVEL
Marcus Richmond
Joseph McGinnis
Jamie Pemberton
($100- $499)
Alan Wilson
West Coast Development LLC
Jamie Pemberton
YEO & YEO ACCOUNTING
Jed Winters SCHOLARSHIP
Richard Bacha
Russ and Kathryn Yurk
TIMOTHY
E.
PURMAN
CPA
SCHOLARSHIP
FUND
Jessica
Martin
Joseph Seitz
Bank of America Foundation
*Denotes faculty or staff of SOM
Bryon Killin
Marcus Richmond
Marcus Richmond
Steven Bartunek
BUSINESS @ UM-FLINT
30
University of Michigan-Flint
School of Management
2221 Riverfront Center
303 E. Kearsley St.
Flint, MI 48502-1950
NON-PROFIT
ORGANIZATION
U.S. POSTAGE
PAID
FLINT, MI
PERMIT NO. 89
(810) 762-3160
umflint.edu/som
BUSINESS
FALL 2015
@UM-FLINT
Phil and Jocelyn
Hagerman
SCHOOL OF MANAGEMENT ADVISORY BOARD
TERESA IRLAND MUNLEY
Advisory Board Chair
Retired , Senior
Vice President Bank of America
MICHAEL J. BURKE, JR.
President
CSB Bank
WINFIELD L. COOPER III
President
Cooper Commercial Group, Ltd.
MIKE FRAWLEY
Principal Partner
Yeo and Yeo
WILLIAM GOLLING
President
Golling, Chrysler Jeep Dodge, Inc.
CATHLEEN HALE
Engineer
Champion Bus
KEN LESLIE
Managing Partner
Plante & Moran, PLLC
KEVIN SHAW
Vice President
The Coffee Beanery
CLIFFORD H. HART
Attorney
Law Office of Clifford H. Hart
PRESTON MEANS
President/CEO
Accu-Shape Die Cutting, Inc.
SHEILA SMITH
SOM Alum
JANICE KARCHER
Vice President
Flint & Genesee Regional
Chamber of Commerce
LARRY NICHOLS
Executive in Residence/Consultant
University of Michigan-Flint
GREG LAURENCE
Associate Professor of
Management and Faculty
Representative
School of Management
JOHN POTBURY
Special Assistant
Prosecuting Attorney
Genesee County Prosecutors Office
MICHAEL RACHOR
Advisor
Rachor Investment
Advisory Services, LLC
MELISSA STEPHENS-FARRELL
Development and
Alumni Relations, SOM
University of Michigan-Flint
DAVID G. STICKEL
Retired
First Merit Bank
PAUL WENSTROM
First Vice President
Investments
Merrill Lynch
#umflint
© 2015 by the Regents of the University of Michigan
Regents of the University of Michigan: Michael J. Behm, Mark J. Bernstein, Laurence B. Deitch, Shauna Ryder Diggs,
Denise Ilitch, Andrea Fischer Newman, Andrew C. Richner, Katherine E. White, Mark S. Schlissel, ex officio
A Non-discriminatory, Affirmative Action Employer
ENTREPRENEURSHIP
DEFINED
page 3