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A Year In Review
2016-2017
Dean’s Message
Dear students, alumni, faculty, staff, and friends of COBE,
As the summer sun shines on our beautiful campus, the COBE team is preparing for the
next academic year. What perfect timing for reviewing all that we have done together
over the past year, my first as Dean. We are launching a new format for this annual re-
view, and we hope you will find it useful and informative.
We have been working hard on behalf of our students. Starting last summer, we out-
lined five strategic priorities for the college, and immediately started pursuing them;
these were:
MBA
AACSB Accreditation
Fundraising
Eagle Investment Group (EIG)
The Morgan Center for Entrepreneurial Studies
As you will read in the articles in this review, I'm delighted to report that we have made
significant progress in all of these, as well as added a sixth area: Undergraduate pro-
grams update and improvements (more on that in future updates).
I look forward to your feedback on our annual review, and hope to see you on campus
this year.
For up-to-the-minute updates on what happens at COBE, please follow me on twitter
@AshlandCOBEDean
All the best, and Go Eagles!
Elad Granot
Follow Us !
Elad Granot,
Dean of the College of
Business and Economics
MBA Program Goes Global
The MBA Programs Office successfully launched the
new 1 Year International MBA program in January at their
Columbus MBA Center. Dean Granot and his talented team
of faculty and staff developed this unique program with the
full-time professional in mind. Classes are taught one day a
week, Saturdays only. The 1-year program allows students to
earn their MBA quickly and travel the world on not just one,
but two international study tours with all-inclusive tuition!
The inaugural cohort traveled to Prague, Czech Re-
public on their first of two study tours this March. Highlights
include corporate visits to Google, Parker Hannifin and ex-
ploring the historic city center. Current MBA student Ashley
Smith says, “Traveling abroad with my program cohort and
faculty was an enriching experience! Learning from world
business leaders, experiencing Czech culture, and making
memories I will cherish for life make me very thankful to be
a part of Ashland’s 1 Year International MBA program.” Stu-
dents can hardly wait for their second study tour to Barcelo-
na & Lisbon in October!
The reception of the 1 Year International Program
was so positive that due to the growing demand, they are
now offering classes at a second Ohio location. Beginning in
August, students can take Saturday classes at the brand
new, state of the art, Cleveland MBA Center or the Colum-
bus MBA Center. The program is growing quickly, yet it still
offers rolling admission with flexible start dates at both the
Cleveland and Columbus locations.
Besides the ability to see the world from a global business
perspective, what can students expect from an Ashland 1
Year International MBA? According to a Fall 2016 survey, on
average, Ashland MBA alumni experience a 46% salary in-
crease along with 100% satisfaction after completion of
their MBA degree.
If you have any questions about the 1 Year Interna-
tional MBA or other MBA programs, please visit our web-
site at ashland1yearmba.com or contact Steve Krispinsky
at skrispin@ashland.edu or (419) 289-5236.
MBA students visiting Google
in Prague
MBA students visiting Parker Hannifan (above)
and MBA students against Prague skyline
On May 22, 2017, President Campo signed the application for AACSB
initial accreditation for the College of Business and Economics (COBE). The
accreditation will cover both the college’s undergraduate and bachelor
degrees. AACSB, the Association to Advance Collegiate Schools of Business,
has the goal to create the next generation of great leaders and COBE has
applied for initial accreditation to have its mission of fulfilling this goal
recognized. Dean Granot, Associate Dean Jacobs, and Chairs and faculty have
attended seminars and conferences to prepare for AACSB accreditation and
improve the College of Business and Economics.
Dean Granot states that “This accreditation will place a quality seal on
Ashland University’s Business programs and allow our programs to be ranked,
which will support our continuous efforts for improvement and increased
Reputation.” AACSB accreditation is one of 5 strategic pillars that Dean Granot
and COBE faculty are working on building up in order to raise COBE towards
greatness. AACSB accreditation adds to the college’s already existing ACBSP
accreditation. The new accreditation will help the college grow stronger, and
better reach and teach students.
The College of Business and Economics is eager to take the necessary
steps to gain full AACSB accreditation. The College plans to make
improvements by hiring additional faculty members, and continuing its legacy
of providing an intimate quality education for students.
COBE Retirement
College of Business and Economics professor Beverly Piper is retiring after 37 years at Ashland University. She has
made a memorable impact on COBE and its students over the years. The College of Business and Economics wishes
Professor Piper a happy retirement. Her bio follows:
Beverly J. Piper, Associate Professor of Accounting and IS, joined Ashland Univer-
sity in 1979. She is a Certified Public Accountant (CPA) with an active license to
practice accounting from the State of Ohio. In addition, she holds a Certified
Management Accountant (CMA) certificate which indicates achievement of
proficiency in cost and managerial accounting, finance, economics, information
systems, and business policy. She taught financial accounting, managerial
accounting, and cost management, and has taught the MBA Foundations course in
Accounting. She earned her Master's of Science in Accounting from the University
of Toledo and her Bachelor's of Science in Education from Bowling Green State
University.
The College of Business And Economics’ Drive
For The Highest Level of Accreditation
President Campo signing initial
AACSB application
Eagle Investment Group Continues To Soar
AU’s Eagle Investment Group (EIG) has had 12 active members in the 2016-
2017 school year under the advising of Terry Rumker, assistant professor of
finance. The group focuses on making investments and gaining experience
in the financial realm.
The EIG makes an annual trip to New York City to experience the center of
the financial world. This year they were able to tour many prominent
financial firms including: the headquarters of Oppenheimer Funds, IVA
Funds, Morgan Stanley, Bloomberg, and AbelNoser. Students had the
opportunity to ask questions and gain perspective from these firms, as well
as network with individuals from the firms. The EIG was also able to add to
their experience and perspective by attending many influential speaker
events while in NYC including Alessio Delongis from Oppenheimer Fund, Jamie
Noser from AbelNoser, Leo Civitillo from Morgan Stanley, and Charles de Vaulx from IVA Funds.
The EIG was largely able to fund this trip and other program activities by hosting their annual golf outing. The golf
outing allows EIG members to network with corporate partners and alumni while raising funds for the program. In
addition to the annual NYC trip, students in the EIG also traveled to visit with Skylight Financial in Cleveland and
Northwestern Mutual in Columbus. An EIG alum, Konner Reid who works for Northcoast Research in Cleveland,
came to campus to talk to the students about the research side of the financial industry. Students gain unique
insight and perspective into the financial world during these trips and guest speaker visits.
The EIG is also proud to say that their overall performance for the 2016 calendar year was more than 7% return
(risk adjusted), which was within 1% of their benchmark! The group was able to end the year with more than $1.4
million in investments. They are invested in stocks such as Google, VISA, JP Morgan Chase, the Royal Bank of Can-
ada, Union Pacific, BP PLC, Southwest Airlines, Apple and others. The EIG is cautiously optimistic about the near-
term market for the following reasons: possible corporate tax cut, infrastructure spending bill, and a generally
positive outlook for the economy. The College of Business and Economics is proud of the hard work our EIG stu-
dents have put into managing the money entrusted to them by the Board of Trustees in a prudent and responsi-
ble way, applying their education in real life situations, and competing with anyone in the job market.
EIG In New York by the Bull on
Wall Street
Dauch’s Day of Giving Recap
College of Business and Economics students,
alumni, faculty, and community won two com-
petitions on the Day of Giving. COBE started off the day by winning
the Eagle Rising competition, which was awarded to the group that
made the most donations by voting for the COBE team between
6am to noon. The day-long competition was awarded to COBE for
collecting the most donations from 6am to midnight. Overall the
College of Business and Economics helped raise money for the
Ashland Fund, which provides scholarships, academic programs, and
student life. The College of Business and Economics helped raise
$3,700 for the Ashland Fund and received $5,500 for winning the
competitions. The College of Business and Economics plans to use
the winnings to update the Dauch lobby furniture. Overall, the Day of
Giving raised $41,977.48 and reached almost 80,000 people on Face-
book and over 30,000 people on Twitter! The College of Business and
Economics would
also like to congratulate the other winners and participants for a
great competition and a great time raising money for a great cause.
COBE is looking forward to another great Day of Giving next year.
COBE Faculty and Staff Celebrating their Day
of Giving Win
Community Involvement
Enactus, a student run organization driven to help the
community, continues to work with Safe Haven Women's
Center. They are able to aid the Safe Haven Women’s Cen-
ter through their grant with Walmart. They offer classes in
basic business skills, personal self defense, computer litera-
cy (using computers we bought them with a small grant
from Walmart), and nutrition and healthy eating infor-
mation. Spring semester, they will be taking them on a
"shopping spree" to buy each woman a business
appropriate outfit and an etiquette lunch so that they are no longer intimidated by three forks. This is the
third year we have worked with them.
The group also works to support local businesses such as Local Roots, and many others. They are also
working to help repurpose the former Gerald's Photography studio.
COBE’s Enactus group showing their sup-
port for Ashland’s Local Roots
COBE Scholars
The College of Business and Economics congratulates many
scholarship winners every year and would like to recognize the
winners of the Emerson Scholars Program, Smucker’s Company
Annual Scholarship, and the Ashland University Business Advisory
Council Endowed Scholarship.
The 2017- 2018 Emerson Scholars are juniors and seniors who
have at least a 3.0 GPA along with demonstrating leadership
within the College of Business and Economics, Ashland University,
and the community as well as showing excellent potential in their
fields of study. The Emerson Scholars include Dennis Cerny
(Finance major), Grace Ecenbarger (Information Systems and
Supply Chain Management major), Ethan Jackson
(Business Management major), Abigail McMaster (International
Business and Hospitality Management major), Hunter Music
(Information Systems major), Rachel Shock (Accounting major),
Josh Snell (Supply Chain Management and Business Management
major), Jessica Syme (Accounting and Finance major), Kennedy
Walker (International Business and Marketing major), and Hannah
Wittkopf (Accounting major).
The Smucker’s Scholarship is given to a COBE student based on
academic merit and financial need. The 2016-2017 winner was
Mitchell Kelly (Finance major).
The Ashland University Business Advisory Council Endowed
Scholarship is given based on academic success, a letter of
interest, resume and three letters of reference. Lauren Shick
(Fashion Merchandising major) was awarded the 2017-2018
scholarship.
The College of Business and Economics is proud of its scholars
and wishes them the best of luck in all of their endeavors.
Emerson Scholars with sponsor
Smucker’s Scholar (middle) with
Dean Granot (right) and Nick Workinger
(left)
Spring Fashion Show
Ashland University’s College of Business and Economics Fashion
Merchandising program presented “An Elegant Tale” as told through the
novel themed garments they created for the 2017 Spring Fashion Show.
This is the third event in the past five years developed and produced by
students in the Fashion Merchandising program.
The event incorporated other departments of the university,
including the art department, which created a mural to display over
windows; the communications department which recorded the show for
posterity; along with many student volunteers from both the college
fraternities and sororities who participated as several of the fashion
designers’ models.
The students had project responsibilities as a component of their courses in Fashion. Twenty-four students
from both Fashion Studio I & II created garments specifically for the show. The looks for the show were based on
popular novels throughout history, such as The Great Gatsby, Romeo and Juliet, and Harry Potter. Each model
had a male escort to walk her through Dauch’s hall and balcony.
As an integrated part of the evening’s event, local businesses were provided the opportunity to display
and promote their merchandise to all guests in attendance. The event was held in the Ridenour room in Dauch
College which also benefited from the dramatic entrance of the models from the lovely staircase. Overall, the
venue was ideal for the presentation of the students’ garments.
The twenty-four hand-crafted student garments were all created, styled, and accessorized by the students
themselves and their support teams.
The students learned how to plan, produce and direct a runway show event from idea to concept to
execution. The garment project provided each student with the accountabilities and responsibilities typically
associated with a fashion designer, not unlike professionals such as Stella McCartney, Donna Karan, Tom Ford, or
Marc Jacobs. The students of the Fashion Merchandising program had the opportunity to speak with alumni who
are working in the industry, as well as industry professionals from companies such as Columbus Fashion Week,
Jo-Ann Fabrics Corp., Sterling Jewelry, and several others.
With over 250 guests in attendance, including professors from Dauch College of Business and Economics,
alumni of the Fashion Merchandising program, along with seven prospective students and their families, this
year’s fashion show was open to everyone to enjoy. Overall, as a direct result of guidance and oversight by first
year Fashion Instructor Alison Rossi, and the event’s key team players, local businesses department and university
support personnel, the “An Elegant Tale” fashion show was a tremendous success for the Fashion Merchandising
students here at Ashland University.
The Fashion Merchandising students all worked together to bring their vision of an Elegant Tale to life.
The countless hours they put into this production was well received from all in attendance and the students can’t
wait to start production on their next show, December 1, 2017.
We Would Also Like To Note Some Additional Accomplishments
Community/ Other Student Organizations
COBE’s Living Learning Community’s success and impact through community service
COBE received the Wellness Award this year
Ivan Wortman and Mitchell Cox won 2nd place in Entrepreneurship Education Consortium (ECC)
regional competition with their Business plan for the
“ShowerSling”
Faculty Accomplishments
We would like to congratulate our faculty members
on the many honors and recognitions they have received
this year for their outstanding work.
Nitin Walia published “Augmented Virtual Doctor Office
(AVDO): Theory-based Design and
Assessment” in December 2016
Lance Kaltenbaugh published “Institutional Type and Campus Recreation Department Staff as a
Mediating Factor for Diversity/Multicultural Training”
Sivakumar Venkataramany published both “Entrepreneurship and SME Development Policy in a Least
Developed Country: Lessons from Laos” and “Challenges Faced by Entrepreneurs. An empirical Study of
India”
Paul Holmes published "Perunit versus advalorem discrimination with an application to MLB" in
Applied Economics Letters, with Robert F. Kane
Many professors have been recognized for their commitment to students with various nominations and
awards throughout the year as well.
Back row: Associate Dean Jacobs
Front row: (left to right) Dean Granot, Ilona Sea-
man, Esther Goodell, Jenny Homan, and Carrie
Hartsel
We would also like to extend a special thanks to all of the speakers who have
taken their time to share their experiences with us.
Thank you!
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