Faculty and Staff Meeting

Damon M Fleming, PhD, CFADean | Professor of Accounting7 February 2020

Mike HoffmeyerDirector

Crews Center for Entrepreneurship

Kathy TubervilleDirector

Professional Development

Center

Mary CaywoodMarketing ManagerMARCOM

Michelle SidesDirector of Development

Development

Michele SidesDirector of DevelopmentFogelman College of Business & Economics(731) 435-9665michele.sides@memphis.edu

Damon M. FlemingDean

College

10

New Hires Update

Full-time Faculty Hires

1. Asst Prof, ACCT (Hannah Smith)2. Asst Prof, MGMT (Steve Lanivich)3. Asst Prof, MSCM (Susy Jaramillo)4. Asst Prof, MSCM (Subash Jha)5. Asst Prof, MSCM (offer out)6. Visiting Asst Prof, FIR (TBA)7. Instructor, FIR (Allison Potter)8. Open rank, BIT (TBA)9. Free Enterprise COE (offer out)10.Wang COE (TBA)

Post-Doctoral Research Fellow Hires

1. ECON (Ahmad Osmani)2. BIT (Vladimir Ambartsoumian)3. ECON/Data Science/FIT (Kalidas

Jana)4. ECON/Data Science/FIT (Paul

Morarescu)5. BIT/ENT/MGMT (Steve Lanivich)6. BIT/MSCM/Green Mountain

Technologies (TBA)

Full-time Staff Hires

1. Pre-Award Coordinator (Shakita Conklin)

2. Facilities Services (Bruce Lipford)

11

Carmen Astorne-FigariMBA Program Director (Professional and Online)

Associate Professor, Department of Economics

Fogelman faculty member since 2012

NSF grant-funded researcher

Emerging leader within the ECON Department, College, and University

12

Curriculum Changes--Graduate

9 new MBA concentrations

6 new/revised graduate certificates

3 new MBA courses

4 course title changes

Admission freeze for IMBA program

13

Faculty Workload Guidelines

Purpose: clear, concise, and equitable faculty workload guidelines for the FCBE

Linked directly to AACSB Faculty Qualification and Engagement Standards and FCBE Roles and Rewards document

Developed by FCBE Dean, Associate Deans, and Department Chairs

Approved by University Provost

Implemented for AY 2020-21 teaching loads

Available on the Faculty Resources webpage

14

Measurement Year: AY 2019-20

Report Due: November 2020

CIR Visit: February 2021

15

AACSB CIR Task Force

Purpose: data collection, strategy, and execution for AACSB CIR

Composition: Dean, Associate Deans, Accountancy Director, AOL Coordinator, others TBD

Colton CockrumAssistant Vice Provost

Assurance of Learning

SACS

17

The Office of Institutional Effectiveness, Accreditation, and Academic Assessment (IEAAA)

Partnership with FCBE

Quality Assurance Funding (Gen. Education and Major Field Test)

US News and World Report surveys

SACSCOC

Program assessment reports5th Year Interim Report

Damon M. FlemingDean

SRI Multiyear

Comparison

19

SRI Multiyear Comparison

Source: University of Memphis, Office of Financial Planning

FY14 Actuals FY15 Actuals FY16 Actuals FY17 Actuals FY18 Actuals

Net Tuition and Fees $ 21,977,883 $ 21,582,559 $ 23,299,146 $ 25,032,882 $ 25,479,454

Grants and Contracts Total $ 336,271 $ 283,249 $ 136,780 $ 121,210 $ 219,538

Other Revenues Total $ 13,579,480 $ 12,865,546 $ 13,262,182 $ 14,900,063 $ 16,352,173

TOTAL REVENUES $ 35,893,634 $ 34,731,354 $ 36,698,108 $ 40,054,155 $ 42,051,165 Transfers In $ - $ 13,505 $ 14,500 $ 150 $ (5,325)

TOTAL TRANSFERS $ - $ 13,505 $ 14,500 $ 150 $ (5,325)Direct Expenditures

Salaries and Benefits Total $ 19,620,876 $ 20,070,863 $ 20,844,030 $ 20,531,403 $ 21,430,956

Other Direct Expenditures Total $ 1,844,098 $ 2,249,770 $ 1,334,953 $ 1,454,095 $ 1,306,565

Total Direct Expenditures $ 21,464,974 $ 22,320,633 $ 22,178,983 $ 21,985,498 $ 22,737,521 Revenues Less Total Direct Expenditures $ 14,428,660 $ 12,424,226 $ 14,533,625 $ 18,068,807 $ 19,308,319

Total Administrative Support Costs $ 13,743,346 $ 13,474,915 $ 13,828,470 $ 14,878,940 $ 16,317,862

TOTAL EXPENDITURES $ 35,208,320 $ 35,795,548 $ 36,007,453 $ 36,864,438 $ 39,055,382

Revenues Less Total Expenditures $ 685,314 $ (1,050,689) $ 705,155 $ 3,189,867 $ 2,990,457

20

Total Revenue and Expenditures

Source: University of Memphis, Office of Financial Planning

$(1,000,000)

$-

$1,000,000

$2,000,000

$3,000,000

$4,000,000

$5,000,000

$6,000,000

$7,000,000

25,000,000

30,000,000

35,000,000

40,000,000

45,000,000

FY 14 FY 15 FY 16 FY 17 FY 18

Net Revenue Expenditures

21

Selected Financial Ratios FY 2018

Source: University of Memphis, Office of Financial Planning

53%

In State Tuition

UG + Grad Tuition / Total Revenue

37%

State Appropriation

State Appropriation / Total Revenue 51%

Salaries

Salaries and Benefits / Total Revenue

39%

University Admin Support

Admin Support / Total Revenue

22

Research Expenditures

Source: University of Memphis, Office of Financial Planning

FY 14 FY 15 FY 16 FY 17 FY 18

Sponsored Research--FCBE $ 2,071,938 $ 1,159,212 $ 821,292 $ 380,576 $ 1,055,239 E&G Research--FCBE $ 2,349,860 $ 2,250,727 $ 2,252,246 $ 2,414,006 $ 2,384,062

Total--FCBE $ 4,421,798 $ 3,409,939 $ 3,073,538 $ 2,794,582 $ 3,439,301

Sponsored Research--University $ 32,022,648 $ 30,005,988 $ 29,554,239 $ 29,206,100 $ 35,445,674 E&G Research--University $ 17,838,310 $ 17,403,629 $ 17,719,433 $ 20,189,009 $ 23,997,290 Total--University $ 49,860,958 $ 47,409,617 $ 47,273,672 $ 49,395,109 $ 59,442,964

23

FCBE Research Expenditures Compared to University

Source: University of Memphis, Office of Financial Planning

8.87%

7.19%6.50%

5.66% 5.79%

0.00%

2.50%

5.00%

7.50%

10.00%

12.50%

15.00%

FY 14 FY 15 FY 16 FY 17 FY 18FCBE % of University Total Research Expenditures

Damon M. FlemingDean

StrategicPlanning

25

Strategy Development

Jul – Sep 2019

Sep – Oct 2019

Oct – Dec 2019

Dec 2019 –Jan 2020

Jan – Feb 2020

Data gathering; meetings with campus stakeholders; identification of strategic priorities

Strategic prioritizes analyzed; draft OKRs; dean and department chair review

Strategic planning task force; draft OKRs presented to Dean

Engage feedback on strategic priorities

Data collection; Final review; adopt OKRs

26

Strategic Plan Task ForceAY 2019-20

Carmen Astorne-Figari (Economics)

Hunter Reed Faulkner (Undergraduate student)

Jessica F. Kirk (Management)

Kenneth Lambert (Accounting)

Napoleon Hill Overton (Finance)

Ernest L. Nichols Jr. (Marketing and Supply Chain Management)

Michael Hoffmeyer (Crews Center for Entrepreneurship)

Srikar Velichety (Business Information and Technology)

Emily Joy Wolfe (MBA student)

Carol Thomas (FCBE staff)

27

Objectives and Key Results (OKRs)

Key results (KRs) are benchmarks and monitor HOW we get to the objective. KRs are to be specific and aggressive, yet realistic. KRs evolve as progress occurs until the objectives are completed. KRs are what we agree will be achieved, and we are willing to martial resources to ensure are accomplished.

Objectives (Os) are WHAT is to be achieved. Objectives are to be significant, action-oriented, and inspirational.

28

Student Success

Transform students’ social mobility through business education

Agile Innovation

Deliver a transformative business education experience through agile innovation

Objectives

29

Impactful Research

Engage in high levels of globally recognized and impactful research activity

Community Engagement

Be a value-added, essential partner to the university and external communities

Objectives

30

Accelerated Equity

Empower all stakeholders to bring their authentic selves to acquire, create, and share knowledge

Transparent Accountability

Employ a process for achieving objectives that values transparency and accountability

Objectives

31

Undergraduate Student Demographics

Key demographic data for all undergraduate students (n = 2,497)

Source: University of Memphis Office of Institutional Research, Accessed December 2019

42%

Gender

Female

29%

Racial Diversity

Black/African-American

41%

Economic Status

Pell-Grant

Fall 2019

33%

First-Gen

First-Generation

GPA3.27

ACT22.2

86%

Residency

Tennessee

32

FCBE 6 Year Graduation Rate (Pell Eligible)(First Year Full Time Freshman--Last Major in College)

Source: University of Memphis, Office of Institutional Research, Accessed January 2020

48.10%

53.70%

46.80%

44.20%

56.10%

55.30%

66.70%

61.30%

62.10%

70.00%

67.80%

63.10%

69.10%

71.90%

0.00% 10.00% 20.00% 30.00% 40.00% 50.00% 60.00% 70.00% 80.00%

Fall 2007

Fall 2008

Fall 2009

Fall 2010

Fall 2011

Fall 2012

Fall 2013

Non-Pell 6 Year Grad Rate Pell 6 Year Grad Rate

33

FCBE 6 Year Graduation Rate (First-Gen)(First Year Full Time Freshman--Last Major in College)

Source: University of Memphis, Office of Institutional Research, Accessed January 2020

45.10%

52.50%

52.60%

47.00%

57.50%

62.30%

63.60%

63.30%

62.50%

65.50%

61.30%

61.10%

64.70%

74.00%

0.00% 10.00% 20.00% 30.00% 40.00% 50.00% 60.00% 70.00% 80.00%

Fall 2007

Fall 2008

Fall 2009

Fall 2010

Fall 2011

Fall 2012

Fall 2013

Non-First-Gen 6 Year Grad Rate First-Gen 6 Year Grad Rate

34

FCBE 6 Year Graduation Rate (Race)(First Year Full Time Freshman--Last Major in College)

Source: University of Memphis, Office of Institutional Research, Accessed January 2020

38.60%

53.70%

41.90%

35.10%

47.70%

50.00%

58.30%

68.60%

63.80%

70.20%

69.30%

65.50%

67.70%

74.60%

0.00% 10.00% 20.00% 30.00% 40.00% 50.00% 60.00% 70.00% 80.00%

Fall 2007

Fall 2008

Fall 2009

Fall 2010

Fall 2011

Fall 2012

Fall 2013

Race: White 6 Year Grad Rate Race: Black 6 Year Grad Rate

What questions do

you have?