Fall 2016 [BULLDOG BUSINESS]

Bulldog

South Carolina State University School of Business

Fall 2016

BUSINESS

Leadership in the 21st Century

LEARN. LEAD. INNOVATE.

Fall 2016 [Bulldog BUSINESS]

From the Dean’ Office

We are continuing the journey to fulfill our

vision “to be known as a premier business program in the Southeast that provides a diverse environment for students to enhance their potential to become future business leaders.” In keeping with this vision, our primary focus during the 2016-17 academic year is on leadership development.

This newsletter highlights some of our accomplishments over the past year to include: The Innovation and Entrepreneurship HUB; approval of a certificate program in Ag Innovation and Entrepreneurship and a minor in Innovation and Entrepreneurship; Belcher Café – a student operated business; faculty and student international travel; faculty research grants of more than $3.3 million; expansion of

the MBA program to the Lowcountry Graduate Center in Charleston with a concentration in Healthcare Management, and student participation in the National Black MBA Association Minority Business Undergraduate Case Competition. In addition, our Executive Speaker Series and the Executive-in-Residence program continue to engage students in leadership development.

South Carolina State University’s School of Business was initially accredited by AACSB – International in 2001 and is one of 11 schools in South Carolina and the only Historically Black University in the state to attain this prestigious accreditation. Programs accredited include five undergraduate programs: accounting, agribusiness, business economics, management and marketing and an MBA program with tracks in a general MBA, entrepreneurship, agribusiness, and healthcare management.

I would like to thank alumni and friends who have supported us with funds and services and ask you to continue your support of the INSPIRE Campaign.

Barbara L. Adams, Ph.D., CPA

Interim Dean

Fall 2016 [Bulldog BUSINESS]

Innovation and Entrepreneurship HUB

South Carolina State University students have a new resource to inspire them to become entrepreneurs. The Innovation and Entrepreneurship HUB was launched in the School of Business at an opening event in September to provide students and the community with resources to ignite and nurture their entrepreneurial spirit. The primary goal of the HUB is to support student entrepreneurship and create career and educational opportunities, with particular emphasis in the food and fiber sector. The HUB provides a physical and supportive administrative infrastructure. It offers workstations/incubator settings with computer, phone and copying access; meeting space for brainstorming and collaborating on entrepreneurial projects; software for developing business plans, websites and marketing materials; provides mentorships and training through seminars on various issues related to business startups; and professional consultants to assist with market research, legal, financing and other issues in developing a new or refining an existing product, service or technology, among other services. Although the primary emphasis is on developments in the food and fiber sector, the HUB is supportive of and encourages all academic majors across campus to utilize services in developing their entrepreneurial projects.

The HUB is also conducting research on technologies that will advance the food and fiber sector in the agribusiness industry. The results will be shared with students working on agribusiness related projects and will be incorporated into the curriculum for the Certificate in Ag Innovation and Entrepreneurship. The Certificate Program consists of 18 credit hours and can be completed in 9 months or less. Both undergraduate and non-traditional students with 2 years of college or 2 years of work

experience are eligible to enroll in the program. The curriculum focuses on unleashing creativity, innovation, new product development, and enterprise development. Thus, this certification is an added credential that will be beneficial to those who wish to stand out as a leader by launching a new startup or as a leader in corporate America.

In the spring, the HUB will sponsor three competitions: an “Innovative Idea Challenge” for participants in the early stages of developing a business idea; a “Bulldog Tank” (Shark Tank style), sponsored by S & F Investment, Inc. for those who have a fully developed plan; and a “STEAM Challenge” for interdisciplinary teams with projects that show how Science, Technology, Engineering, Arts and Mathematics, along with the humanities and social sciences, might work together. All competitions will provide some funding and incubator space for winning projects.

It is hoped that one day the HUB will become the center of the campus where new ideas flourish and develop into projects that will have a significant impact on the University, the Orangeburg community and the state of South Carolina.

The Innovation and Entrepreneurship HUB is funded through a USDA- National Institute of Food and Agriculture Grant.

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Fall 2016 [Bulldog BUSINESS]

Students Learn Leadership and Business Skills in Operating a Campus Business

Business students at South Carolina State University are putting into practice what they are being taught in the classroom by operating a campus business. Students took over the operation of Belcher Café, which was formerly operated by Sodexho, at the start of the school year in August. Sodexho provides food services for the University, but discontinued operating the café in 2015. Although the University’s contract with Sodexho does not allow competing entities on campus, they agreed to allow the School of Business to take control of the café, which is located in Belcher Hall. Students are applying their leadership, management, marketing and accounting skills in performing tasks such as purchasing merchandise and stocking inventory, operating the cash register, depositing daily cash receipts, providing good customer service, maintaining accounting records, hiring and firing employees. Currently, the café only sell packaged items to include, assorted K-cup coffees, Starbucks frappes, juice, water, energy drinks, muffins, pastries, crackers, fruit cups, assorted candies and cookies, boxed cereal, grits, oatmeal, and packaged salads and sandwiches. The Café is operating under the umbrella of Young Enterprising Students (YES), a non-profit entity established as a vehicle to promote entrepreneurship and the free enterprise system though student-run businesses on campus. It is expected that several other student-owned businesses on campus will develop. All funds generated by the businesses will be used to educate and train students at SC State.

This will include participation in student conferences and competitions, workshops, roundtable discussions, summer camps, and scholarships.

Magic and SC State basketball player Luka Radovic

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Fall 2016 [BULLDOG BUSINESS]

SC State Team Wins 3rd Place in

NBMBAA Undergraduate Case Competition

School of Business students participated in the 2016 National Black MBA Association Undergraduate Minority Business Case Competition, which was held during the National Black MBA Association® 38th Annual Conference and Exposition in New Orleans on October 13 – 15. They returned with the 3rd place prize - $5,000. Team members consisted of: Omari Richards, junior Management major; Quinn Smith, senior Marketing major; and Matthias Williams, junior Marketing major, with Mrs. Ellen Ricoma, MBA Director as their coach.

Teams were given a month to analyze a complex business case, showcase their problem-solving skills and present their findings before a panel of executives from leading corporations and academic institutions from across the country. This year’s case was Under Armour’s expansion of its market share in 2014 to include women’s sports apparel.

The SC State team competed with 14 other schools, which included: Indiana University (1st place); North Carolina A & T University (2nd place); Clark Atlanta University (4th

place); Claflin University, Purdue University, Carnegie Mellon, Washington University in St. Louis; Florida A & M University; Lane College, The Ohio State University, Howie Stowe, Southern University and A&M College, Southern University New Orleans and Xavier University.

Student Spotlight Quinn Smith

Quinn Sebastian Smith is a double major in Marketing and Management at South Carolina State University. He is a member of and has held positions in several student organizations on campus during his tenure at the

university.

Quinn currently serves as the Student Government Association Vice President for the

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Fall 2016 [Bulldog BUSINESS]

2016-2017 school year and the Student Director for the Student Ambassador Program. Quinn has had the privilege of interning with several companies in a variety of industries to include:

• U.S. Department of Education • Walt Disney World • American Institute of Certified Public

Accountants • Aldi US

Quinn has also excelled in his coursework earning membership into Beta Gamma Sigma, an international honor society for business majors. He currently maintains an academic scholarship as well. During the summer of 2016, Quinn represented SC State University as an ambassador for the university and for Inroads. For his dedication to Inroads, event planning, and recruiting for the organization, he was awarded the Emerging Leader Award at the 46th annual Inroads Southeast Leadership Summit. Quinn is interested in extending his career into corporate America with the intent of furthering company growth and development. He plans to attend graduate school for the MBA degree. One of his many goals deals with uplifting his community by providing opportunities for young children, and being a student leader on and off campus.

Student Spotlight Nathaniel Dingle

Nathaniel Dingle is a senior Accounting major. He is active in several student organizations serving as president of Beta Alpha Psi, accounting honor organization; acting president of SC State Toastmasters Club; and member of National Association of Black

Accountant. He a student member of SC Association of CPAs (SCACPA) and is a veteran of the U.S. Navy. Nathaniel was appointed as SC State Ambassador for SCACPA and was awarded a SCACPA scholarship. He completed an internship with Merrill Lynch in summer 2016 and received an outstanding evaluation.

Faculty and Student Development

In addition to teaching, School of Business faculty are continuously engaged in research. Currently, seven business faculty are supported by research grants of more than $3.3 million. All of the grants support students through graduate and undergraduate assistantships, so that students also get experience in conducting research. Some of the students who work with professors make presentations at professional conferences along with the professor.

Faculty and students have participated in international travel in the past academic year. Dr. David Karemera, Professor of Economics, was a Fulbright Scholar in Rwanda, Africa during the spring 2016 semester. Professor Phebian Davis-Culler, completed a study abroad in Dubai and Egypt in January 2016. Newal Bryant, a junior Management major, completed a study abroad in Argentina and Chile in May 2016. Lindsey Crumlin, a senior Economics major, completed a study abroad in Zambia and Botswana in June 2016. Antonio Grant, a junior Economics major completed a study abroad in Greece and London during the 2015-16 academic year.

Students are engaging in internships during the summer with several companies and organizations. During summer 2016, students completed internships with Merrill Lynch, Toyota Financial Services, United Healthcare, Aldi, U.S. Department of Agriculture, AICPA, among others.

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Fall 2016 [BULLDOG BUSINESS]

WANTED: FORWARD THINKING BUSINESS LEADERS

SC State University School of Business Needs YOU To become a “101 MEMBER” of our INSPIRE Campaign for the Business Program!

Why INSPIRE?

To help SCSU Business School students achieve their educational goals and to support the amazing strides the SCSU Business School is making in the Orangeburg community and across the nation. The SCSU Business School offers undergraduate degrees in Accounting, Agribusiness, Business Economics, Management and Marketing and an MBA program.

Did you know that the SCSU School of Business is one of only eleven business schools in the State of South Carolina (and the ONLY Historically Black College or University in the state) to be accredited by the Association to Advance Collegiate Schools of Business? This distinction is held by only 5% of business schools nationally and internationally.

Why Support the INSPIRE Campaign?

To provide gap funding to cover the cost of books, fees, paid work assignments and clothing (for interviews and other business interactions) to SCSU business students. The funds will be disbursed based upon need and will be administered by the Dean of the School of Business.

Why Become a “101 Member”?

As a “101 Member”, you and your company will receive special recognition as a contributor to the SCSU School of Business. Your participation as a “101 Member” will be highlighted in the Bulldog Business newsletter, which is distributed electronically on a quarterly basis, along with your company’s website address and listing in the Bulldog Business Magazine, an annual publication. Your name or company will also be added to the “101 Board” displayed in Belcher Hall. Your designation as a “101 Member” will enhance your standing as a forward thinking business leader who is directly contributing to the development of exceptional future business leaders.

How Can I Support the INSPIRE Campaign as a “101 Member”?

• Make a (minimum) monetary contribution* of $101 payable to the SCSU Foundation –School of Business

• Pledge to become a Multi-Year “101 Member” by committing to be an annual contributor of at least $101 to the SCSU Foundation-School of Business

• Provide a Mentoring or Internship Opportunity to a deserving and qualified School of Business student

• Donate business attire* (new or gently worn --dry cleaned/laundered) to the School of Business on the Main Campus of SCSU

• Participate in SCSU School of Business on-going activities including Annual Business Week, Executive Speaker

• Series, Executive-in-Residence or other community outreach efforts

Fall 2016 [BULLDOG BUSINESS]

A Giving Opportunity to Support the Business Program

Please complete and return with your pledge and/or contribution in enclosed envelop.

Donor Information

Name(s)_____________________________________________________________

Address_____________________________________________________________

City________________________________State______________Zip____________

Telephone_________________Email_____________________________________

□ Yes, I work for a matching gift company.

My employer is_____________________________________________________

Yes, I want to invest in the Business Program at SC State to INSPIRE students with a gift of:

□ $50 □ $100 □$500 □$1,000 □ $2,500 □ $5,000 □ Other _________________

Direct my gift to the Business Program’s accounts

□ Dean’s Fund to Support Academic Excellence

□ Undergraduate Business Scholarships

□ MBA Scholarships

Payment Options

□ Check enclosed (payable to the SC State Educational Foundation – Business Account)

□Three-year pledge. Payment will be made by end of each year or in equal payments:

Number of months ____________Starting month________________

Mail contributions to:

ATTN: INSPIRE: Campaign for Business Program

School of Business

South Carolina State University

P. O. 7176

Orangeburg, SC 29117

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