One of the first-established academic departments at the Fox School of Business is getting a new name, and is set to introduce a new undergraduate degree program.
The Fox School’s Department of Statistics will soon be rebranded as the Department of Statistical Science. Addi- tionally, the department will unveil a Bachelor of Science degree program in Statistical Science and Data Analytics. Both changes are effective for the 2016-17 academic year, following the approval in March by Temple’s Board of Trustees.
The department had been known as the Department of Statistics since its establishment in 1929, 11 years after the founding of the Fox School.
“Rebranding our department as the Department of Statistical Science reflects the breadth of our department’s academic research, the discipline’s changing landscape, and our department’s renewed focus on engaging in quality research that reshapes the field of statistics and to train new generations of statisti- cally skilled graduates,” said Dr. Sanat K. Sarkar, Chair of the Department of Statistical Science.
Four faculty members from the Fox School of Business headlined the awardees at the 17th annual Research Roundtable and Teaching Awards ceremony, held Oct. 30 at Alter Hall.
Professor of Strategic Management Dr. Robert D. Hamilton III, who has been on faculty since 1981, received the Lifetime Achievement Award, for his exhibition of a lifetime of distinguished teaching, research, and service.
The Fox School also celebrated the investiture of three named professorships.
Dr. Mitrabarun “MB” Sarkar, top, is the inaugural H.F. “Gerry” Lenfest Professor of Entrepreneurship and Innovation within the Strategic Management department at the Fox School.
Dr. Kose John, center, is the Laura H. Carnell Professor of Finance at Fox. He joined Fox in July from New York University, where he was the Charles William Gerstenberg Chair of Banking and Finance.
Dr. David E. Jones, bottom, is the Jerome Fox Professor in Accounting, Taxation and Financial Strategy. He joined the Fox School in July from Case Western Reserve University.
Jones’ distinguished chair was created through a $2 million gift from Saul A. Fox, SMC ’75, in honor of his father, Jerome Fox — a World War II veteran, a certified public accountant, and the founder of the former Philadelphia accounting firm Gelrod Fox & Company. This chair is to be held by high-level practitioners of accounting, taxation and financial strategy, who hold the same zeal for these areas of academic focus as Fox did.
There was cheering, in both Mandarin and English, as Fox School of Business freshman James Yuan won the right to serve as Mandarin-language broadcaster of Temple University men’s basketball games.
Temple University’s Office of International Affairs organized the inaugural “Battle of the Broadcasters,” held Jan. 31 at Morgan Hall. The com- petition pitted five Chinese international students to determine the most-engaging and accurate live commentary of the Owls’ game against South Florida. Yuan and Javi Yuan, a recent graduate of the School of Media and Com- munication, shared first place, and will broadcast the team’s remaining home games on YouKu, the Chinese version of YouTube, and Temple’s Owlsports.com.
“I was very nervous, but mostly excited to be up there,” Yuan said.
In his course “Law in American Society,” an animation of folk singer Willie Nelson, designed by Dr. Samuel D. Hodge, strums his guitar as he explains the difference between public and private law.
Professor of Legal Studies at the Fox School of Business, Hodge’s use such animations demonstrates his place as an innovative educator. Hodge served as the Academy for Teachers’ 2016 master teacher and lead a program on innovation in teaching in January, leading a one-day conference for elite high- school teachers.
The Academy for Teachers is an annual selective conference in New York City that’s intended for teachers. One master professor, as chosen by the Academy, leads a lesson for a number of selected high school teachers on innovative strategies in teaching. Previous master teachers include Emmy Award-winning filmmaker and historian Henry Louis Gates Jr.; Pulitzer Prize in Music winner David Lang; and renowned social and political activist Gloria Steinem.
“This was a total surprise,” he said. “I didn’t apply for it; they just called me out of the blue one day. Then I saw the list of people who have been selected before me and I said, ‘Why am I within that elite group?’ But I was, and it was exciting.”
Roughly 800,000 people flooded Philadelphia in late September for a visit from Pope Francis and the World Meeting of Families, a global gathering of Catholics.
So… now what? An event jointly sponsored by Temple University’s School of Tourism and Hospitality Management (STHM) and Temple’s Center for International Business Education and Research (CIBER) considered that very question.
Gathering Philadelphia’s leading minds in tourism, international business, and government at its event, titled, “The World Meeting of Families is Gone: Now What?”, STHM and CIBER aimed to address how Philadelphia could leverage the international exposure and media focus it received from the World Meeting of Families in order to further its status as an elite host for future global events.
“This was our finest hour and it can be again,” said Pat Ciarrocchi, the event’s keynote speaker and a longtime Philadelphia news anchor who covered the World Meeting of Families.
“The World Meeting of Families brought Pope Francis to Philadelphia and, along with him, more than 15,000 reporters representing media outlets from around the world,” said Dr. Elizabeth Barber, STHM Associate Dean. “This event generated an unparalleled level of visibility to viewing audiences that wouldn’t have otherwise been exposed to what Philadelphia has to offer. In order to best capitalize on the tourism opportunity created by the World Meeting of Families, we as a city will need to maintain the open dialogue we’re initiating today through this event.”
In examining the future of a post-Pope Francis Philadelphia, the event welcome notable keynote speakers: recently retired Philadelphia Convention & Visitors Bureau CEO and president Jack Ferguson; CEO and president of Visit Philadelphia Meryl Levitz; executive director of the Tourism Division of PHLCVB Brian Said; and executive director for Global Philadelphia Zabeth Teelucksingh.
Do ethical entrepreneurs earn more?
“Yes,” said Bernard “Bernie” Marcus, answering the question that also served as the title of his lecture.
The co-founder and former CEO of The Home Depot, Marcus visited the Fox School of Business Feb. 9 as the inaugural Warren V. “Pete” Musser Visiting Professor of Innovation and Entrepreneurship. Established in 2015, the Musser Professorship is an endowed term professorship filled by experienced and well- known practitioners who are interested in spending a term at the Fox School to mentor students in the early stages of their ventures.
A businessman and philanthropist, Marcus co-founded The Home Depot after he and coworker Arthur Blank lost their jobs with a California hardware store. The Home Depot went public in 1981 and has since become a billion-dollar, home-improvement empire. Marcus retired in 2001 to focus on philanthropy.
“Ethics are critically important,” Marcus told the standing-room only crowd at Alter Hall. “Everyone has that desperate moment in business when someone tries to break your conscience.”
Marcus’ “desperate moment” came when, at age 49 and unemployed, he decided to open The Home Depot. The former medical student hadn’t encountered the sometimes-unprincipled and amoral dealings that one can encounter with owning a business.
Undaunted, Marcus refused to work with those who were dishonest and resolved that his business wouldn’t be about cutting corners or taking bribes.
The Fox School honored William A. “Bill” Graham IV as the recipient of the Musser Award for Excellence in Leadership, the highest honor conferred by the School, during a Nov. 5 dinner and reception. Graham is the Chairman of the Board and Chief Executive Officer of The Graham Company, a privately held and leading U.S. insurance and surety brokerage and consulting firm considered one of the largest in the nation based on revenue size.
The evening paid homage to Graham and one of his lifelong loves — pigs. Graham, whose office is decorated with pig paraphernalia, is said to hold the animal in high regard because of its intelligence.
Graham received a plush pig toy, along with Musser Award winner’s customary crystal owl statuette, from Dean M. Moshe Porat and Warren V. “Pete” Musser upon reaching the podium to deliver his acceptance remarks.
CNBC anchor Tyler Mathisen, the event’s master of ceremonies, playfully addressed attendees in Pig Latin to kick off the evening. On stage, a safety inspector appeared and gave Mathisen an ultimatum about ensuring the safety of a nearby handrail — a play on Graham’s line of work. “Yes, Mr. Inspector. We’ll get right on that — when pigs fly,” Mathisen said, as a toy pig soared across Mitten Hall’s Great Court. A live potbelly pig, named Valentino, also made his way onto the stage to the crowd’s delight.
Also recognized at the recep- tion were: Dr. MB Sarkar, H.F. Gerry Lenfest Professor of Entrepreneurship and Innovation (Excellence in Teaching); Dr. Anthony Di Benedetto, Professor of Marketing and Supply Chain Management (Excellence in Research); Dr. TL Hill, Associate Professor of Strategic Management (Excellence in Faculty Service); Dr. Rajan Chandran, Fox School Deputy Dean (Excellence in Administrative Service); Silas C. Adams, FOX ’15 (Excellence in Student Leadership); and James J. Dornan, FOX ’85 (Excellence in Alumni Achievement).
Said Kenneth Ewell, the President and Chief Operations Officer of The Graham Company: “Bill Graham is the kind of man everyone wants to work for because he leads by example. I don’t think the Fox School of Business could have chosen a better-suited recipient for the Musser Award.”
Maybe when pigs fly.
When Philadelphia’s leading female journalists, restaurant owners, consultants, entrepreneurs, and student leaders gathered at Temple University’s Mitten Hall, they hardly expected they’d be blowing bubbles.
Laughing as the bubbles popped, the women embraced the obvious message: Be daring, no matter the setting.
At the 16th annual League for Entrepreneurial Women’s Conference, held Oct. 20, the Greater Philadelphia region’s top female innovators came together to share stories on their respective paths to success, and honored those who have reached professional pinnacles.
Co-founders of the League for Entrepreneurial Women Dr. Elizabeth H. Barber, Associate Dean of Temple’s School of Tourism and Hospitality Management; and Betsy Leebron Tutelman, Temple’s Senior Vice Provost for Strategic Communications; with Ellen Weber, Executive Director of Temple’s Innovation and Entrepreneurship Institute (IEI), hosted the event.
A packed room of women heard from keynote speaker Lu Ann Cahn, Director for Career Services at Temple’s School of Media and Communication. The face behind the bubbles, Cahn asked the women to think about how blowing bubbles felt. The overwhelming response was empowerment and freedom from judgment.
Cahn, who spent 40 years in the broadcast news industry, including 27 with Philadelphia’s NBC10, was familiar with that feeling. After surviving breast cancer, Cahn found herself at odds with her career and challenged herself to try something new each day for a year. Her book, I Dare Me, documents her experiences with rediscovering her spark of individuality and confidence.
“No matter what you’ve accomplished, what you’ve survived, sometimes you forget who you are,” Cahn said. “The hardest first to do is a first that faces a fear.”
Like blowing bubbles, doing something that might be silly or might fail is how success was made, she said.
“I’m here to dare you to go on your own adventure,” Cahn said.
Two students from Temple University’s Fox School of Business received merit scholarships by Aflac based upon their stellar performances during summer internships with the insurance company.
Junior International Business major Maria Blaszczyk finished No. 2 in the United States among collegiate interns within Aflac’s program. She earned a $3,000 scholarship and a trip to Aflac’s corporate headquarters in Columbus, Ga., to meet with Aflac executives and to tour the Aflac campus. Senior Marketing major Elliot Astor, who finished No. 1 in the Northeast Region, earned a $2,000 scholarship.
The Elevate 2015 Aflac Intern contest, in its second year, awards scholarships to eight college-age interns from a pool of 365 students who interned for the company.
Requirements for the scholarship, among others, include ranking among the best in sales and acquisitions.
“Maria and Elliot have exemplified what it means to be great interns with a Fortune 500 Company,” said Matthew O’Hanlon, District Coordinator of Aflac’s Philadelphia Region. “This demonstrates why the Fox School of Business is such an elite business school, and it is with great pleasure that we honor these students.”
The creators of an online financial marketplace aiming to improve the consumer’s buying power in financial transactions won the grand prize at the 17th annual Be Your Own Boss Bowl®, a Temple University-wide business plan competition.
RatesForUs.com, co-founded by CEO and Fox School of Business alumnus
, MBA ’13, and CTO Alec Baker, took home more than $60,000 in cash prizes, in addition to products and professional services, at the April 16 final presentations at the Fox School.
“If I could have burst out of my skin, I would have. This was one of the most rewarding and exciting moments of my life,” said Stucker, a longtime mortgage industry professional.
RatesForUs.com, which registered its website domain only two months prior to the final presentations, hopes to become the top online destination for mortgage shoppers, Stucker said. He and Baker first met in February to lay the foundation for their company and “then we wrote our business plan in three weeks,” Stucker said.
What sets apart RatesForUs from others in the marketplace, Stucker said, is that they have worked closely with consumers to understand and support their needs. From increased consumer privacy to allowing consumers to confidently obtain lower interest rates, Stucker said RatesForUs has taken steps to drastically improve the online shopping experience.
With RatesForUs, Stucker said, personal information will only be shared when necessary and agreed to by the consumer, eliminating “the bombardment of calls and potential bias based on race, ethnicity or gender,” he said.
The cash and prizes from Be Your Own Boss Bowl® will support the continued development of the marketplace for RatesForUs, Stucker said.
The annual Be Your Own Boss Bowl®, the flagship program of Temple’s Innovation and Entrepreneurship Institute (IEI), is one of the most lucrative and comprehensive business plan competitions in the country. This year, 12 business plans representing five of Temple’s 17 schools and colleges were selected as finalists. They competed for more than $160,000 in cash prizes, plus related products, professional services, and incubation space.
The competition features three distinctly different tracks: the Undergraduate Track, open to current Temple undergraduate students; the Upper Track, open to Temple graduate students, alumni, faculty and staff; and the Social Innovation Track.
Winners from each track were:
- Upper Track: RatesForUs.com
- Social Innovation Track: ROAR for Good, LLC, a developer of wearable self-defense tech designed for women. (Yasmine Mustafa, FOX ’06; Anthony Gold; Peter Eisenhower, ENG ‘11; Charlotte Wells, CLA ’15; Hunter Vargas, FOX ’16; and Christina Kazakia)
- Undergraduate Track: Habitat LLC, a platform for students to buy and sell goods within their college communities. (Fox School students Andrew Nakkache, Michael Paskiewicz and Brandon Bahr, and Kathleen Chen)
For the sixth year, the IEI awarded the Chris Pavlides Spirit of Entrepreneurship Award to an undergraduate student who demonstrates a strong passion for entrepreneurship. This year’s recipient was junior entrepreneurship major Vincent Paolizzi.
Temple alumnus Christopher Wink, CLA ’08, received the 2015 Self-Made & Making Others Award. Wink is the co-founder and editor of Technical.ly, a network of local technology news sites and events.
Be Your Own Boss Bowl® participants benefit from coaching, mentoring and networking opportunities with the Philadelphia area’s leading business professionals, including members of GPSEG, the Greater Philadelphia Senior Executive Group. Overall, the competition receives support from 300 executives and entrepreneurs.
Be Your Own Boss Bowl® 2015, by the numbers
- $200,000 Value of monetary, products, services and mentorship prizes awarded
- 300 Mentors and preliminary judges
- 143 Overall participants in BYOBB
- 64 Senior executive mentors
- 61 Registered company submissions
- 32 Participating finalist team members
- 19 Sponsors
- 13 Temple University schools and colleges represented in BYOBB
- 13 Presentation coaches
- 12 Finalist teams representing five Temple schools and colleges
- 6 Finalist judges
TD Ameritrade Institutional awarded a $25,000 grant to Temple University’s Fox School of Business to foster development of its new financial planning degree program, as part its third-annual Next Gen Financial Planning Grants.
Through its Next Gen Financial Planning Grants, TD Ameritrade Institutional hopes to help the registered investment advisor industry remain vibrant for years to come by encouraging more colleges and universities to expand and enhance their financial planning degree programs, increasing the number of graduates produced each year. According to U.S. Department of Education data, roughly 700 students completed bachelor’s degree programs in financial planning in 2013, while only 90 U.S. colleges and universities offered degrees dedicated to financial planning.
Temple University’s Fox School of Business launched its Financial Planning undergraduate program this fall. Grant funds will help fund scholarships to attract top-tier students, underwrite a weekly “seminar series” that brings the workplace to campus, engaging financial planning practitioners in the Philadelphia area to speak with students providing insights into the profession’s challenges, trends and potential opportunities.
“We are incredibly proud to have been selected by TD Ameritrade Institutional as the recipient of this grant,” said Cynthia Axelrod, Program Director of Fox’s Financial Planning major and Assistant Professor of Finance. “Professionals in this field are in high demand, and this grant will bolster Fox’s efforts to provide highly qualified students that will excel as Financial Planners.”
The Fox School of Business at Temple University introduced two new undergraduate majors for the 2015-16 academic year: Supply Chain Management and Financial Planning.
In all, the Fox School offers students a choice of 15 undergraduate majors.
The Supply Chain Management major prepares students to operate and lead major aspects of the supply system in both established and start-up firms. Fox’s Marketing and Supply Chain Management department oversees the program, which readies students for careers in the interconnected chain of suppliers, manufacturers, warehouses and distribution centers, transportation-providers, retailers.
“Businesses today operate on a global scale,” said Dr. Neha Mittal, Assistant Professor and Academic Director of the undergraduate Supply Chain Management program. “For example, it’s very common for a company to have its sourcing in South America, manufacturing in China, and sales of its products to markets in Europe or North America. We’re talking about huge, complex supply chains here, which have fueled the need for supply chain management professionals to manage the flows between the different parties.”
The Financial Planning major prepares students for careers in the growing field bearing the same name, which takes a holistic approach to working with clients in order to enable them to identify and attain lifestyle and retirement goals. Students who complete the Financial Planning curriculum are eligible to sit for the Certified Financial Planner (CFP) examination upon graduation – a unique feature of the program. Fox’s Finance department oversees the program, and draws upon the expertise of faculty in Fox’s Legal Studies and Risk, Insurance and Healthcare Management departments, as well, said Cynthia Axelrod, Assistant Professor and Financial Planning Program Director.
“Within the next 20 years, 10,000 baby boomers will retire every day. This will produce a tremendous intergenerational wealth transfer, for which there won’t be nearly enough advisors to take on the burgeoning growth of clients and client assets,” Axelrod said.
Temple University’s Fox School of Business awarded with the 2015 Musser Award for Excellence in Leadership – the school’s highest honor, for outstanding achievement, leadership, and commitment to the community by a distinguished member of industry.
Graham was honored at the 19th annual Musser Award reception and dinner Nov. 5, 2015, in Mitten Hall, on Temple University’s Main Campus.
Graham is the chairman of the board and chief executive officer of The Graham Company, a privately held and leading U.S. insurance and surety brokerage and consulting firm considered one of the largest in the nation based on revenue size. The company provides property and casualty products, employee benefits, and surety bonds for an elite client base.
Graham has been a member of the Philadelphia business community for more than 50 years.
He joined his father’s insurance agency as a sales representative in 1962, eventually becoming the sole owner in 1972. He served as president from 1970 to 1999, and currently serves as chairman and chief executive officer. He has overseen the growth of The Graham Company, from six employees with revenues of $300,000 in 1972, to more than 160 employees and revenues exceeded $40 million.
The Fox School of Business at Temple University has been awarded reaccreditation by AACSB International, The Association to Advance Collegiate Schools of Business.
Earning AACSB accreditation is considered the hallmark of excellence in business education, and has been earned by less than five percent of the world’s business schools. Today, there are 727 business schools in 48 countries and territories that maintain AACSB accreditation. Accredited institutions are subject to reaccreditation on five-year cycles.
The Fox School has been continuously accredited by AACSB International since 1934.
“Maintaining accreditation with AACSB is a difficult task, amid the desire for constant improvement and the challenge of separating yourself from the competition,” said Fox School Dean M. Moshe Porat. “The AACSB review team, at the conclusion of their visit, used the term ‘best in class’ to reference what we do at the Fox School. It was quite rewarding to hear those words, as they demonstrate our commitment to delivering globally recognized business education and premier management training.”
In its report, AACSB’s review team lauded many areas at the Fox School as “distinguishing characteristics.” The team pointed to Fox’s intellectual contributions and research-active faculty, as well as a highly professional and engaged staff as points of strength.
Specifically, the AACSB team highlighted the Center for Student Professional Development, calling it “a hallmark of the school” for “equipping its students with the tools and knowledge necessary to set themselves apart from the competition” in the job-placement sector. Fox’s online programs, including the No. 1-ranked Online MBA, “are growing into a scalable model that ensures quality,” the team wrote in its report. A school-wide entrepreneurial culture and the redesigned curriculum of the Global MBA program were other areas of strength praised by AACSB.