Greetings from the Fogelman College! As I begin my second year as dean, I am proud to tell you about several new and continuing developments on which we report in this newsletter. We are launching our Executive Education program with several offerings that are sure to appeal to the Memphis business community. Our Customer-Driven MBA (CDMBA) program is under development and is coming along beautifully. We will launch it next fall with a cohort of superbly talented and accomplished students. Our faculty continues to receive national and international recognition from their research and publications, and we have brought in seven new faculty members at both the junior and senior levels, all with impeccable credentials.
In these challenging economic times, it is more important than ever for the Fogelman College to reach out to the greater Memphis business community to continue to build a mutually supportive partnership. I invite each and every one of you to engage with us. Employ our graduates! Create internships for our students! Come to our classes and relate your business experience to our students! Bring our students in to help you solve real business problems as case studies. We’re all in this together and together we can help Memphis and the Memphis business community reach its potential as a premiere center of U.S. commerce and industry.
While course development for the new Customer-Driven MBA (CDMBA) Program nears completion, the big news at the moment is that the student recruiting activity has begun. This will produce our first class, which will inaugurate the program in the Fall of 2009. Barbara DeVivo, the program's Relationship Director, is actively seeking students for all of our company-sponsored tracks, including the Biomedical Track and the Retail, Logistics, and Distribution Marketing Track.
The search is on in 15 major markets nationwide that were recommended for this purpose by our constituent companies. In addition, we are advertising the program on Craigslist, through the National Black MBA Association and the National Society of Hispanic MBAs, on NPR News, in several biomedical journals/newsletters, through email to selected venture capital firms, and in press releases.
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Oil prices and airfares are hovering near all-time highs, while stock markets and consumer confidence have been down. What should organizations and their leaders do at times like these?
Smart business leaders retrench. In light of harsh economic times, they review their corporate strategies and take stock of their human resources - both personally and organizationally. What that means is that organizations invest in their people when faced with challenging business climates so that they're mobilized with new knowledge and business insights before the economy turns around. In other words, now is the time for smart business leaders to educate and develop themselves and their high-potential employees.
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The Fogelman College affords its professors several award and promotion possibilities. The Suzanne Downs Palmer Professorships Program, through the generosity of Fogelman College alumnus Dan Palmer, recognizes outstanding individual faculty contributions to achieving the mission of the Fogelman College in the categories of Teaching, Research, and Service. The annual best paper award program recognizes the success of College faculty members when they have made significant research contributions to their discipline. And, of course, the College offers professors avenues for promotion and for the award of tenure at appropriate career junctures. See this year's award winners and those promoted in this article.
See this year's award winners and those promoted in this article.Top
The Fogelman College is adding seven new full-time faculty members this fall. Some are highly experienced veterans taking senior positions while others are newly-minted Ph.D.'s. All are top-quality individuals with advanced degrees from some of the country's top universities. This year's faculty additions include a new Distnguished Professor of Accountancy and Director of the School of Accountancy, a new holder of the Morris Fogelman Real Estate Chair of Excellence in the Fogelman College's Department of Finance, a new holder of the Intercontinental Hotels Group Chair of Excellence, and Director of the Kemmons Wilson School of Hospitality and Resort Management, and one new assistant professor in each of the departments of Economics, Finance, Management, and Marketing.
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We are very proud of our faculty and their achievements. Our professors are very active in their fields and continue to build the reputation of the Fogelman College on both the national and international levels. The range of our professors' activities is broad and includes publishing their leading-edge research in top academic journals, being invited to join the editorial boards of such journals, publishing textbooks and professional books, speaking at professional and industrial meetings, and engaging in important public service work. In addition, they are regularly recognized for their achievements and receive awards from various professional organizations. This article lists a sampling of our professors' achievements of the last few months.
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As a leading, doctoral degree granting business school, the Fogelman College encourages its professors to undertake leading-edge research projects. Some of these are supported by the Fogelman College, some are supported by the Memphis business community, and some are supported by federal and other governmental grants. Here are a few samples of the faculty's current research projects:
Retaining Your Most Valuable Employees
How can organizations retain their most valued employees? Dr. David Allen of the Fogelman College of Business and Economics Management Department has a pretty good idea.
Dr. Allen reviewed the academic research from hundreds of studies exploring why individual employees voluntarily leave their jobs. He distilled the findings into a set of practical guidelines for effective retention management that include the costs of turnover, key drivers of turnover, the processes by which individuals make turnover decisions, the work characteristics that have the strongest relationships with turnover, and key reasons why employees stay with their organizations.
Learn more about this and other research here.Top