Dr. Manu Vora, adjunct professor for the College of Business and international authority on organizational change recently gave a lecture at the Indian Institute of Technology on Sustainable Change Management for Excellence. The lecture was aimed at helping students understand what Change Management for Excellence is, why it is important for a business to change with its environment, and how to best utilize the key aspects of change management tools to successfully manage change and achieve excellence in organizations. This lecture was a great opportunity for students to learn about how the operational landscape of businesses changes day to day, how to sustainably change within an organization, and why it is important to turn market change into a competitive advantage. Dr. Vora teaches Risk Management in the Masters of Science in Project Management Program here at Lewis University.
A study coauthored by Drs. Robert Atra and Yuntaek Pae was recently published in The Journal of Financial Planning. The study about the “benefits of choosing the HIFO method for tracking shares when liquidating portfolio assets” is an analysis of how an investor can improve their net worth by choosing the proper accounting methods to manage their investments. By selling off high basis assets first, an investor can increase their total wealth at the point of retirement by between .5% and 1.0%. If an investment scenario also involves “above average tax rates and or greater returns”, then the potential for increasing one’s wealth by utilizing HIFO accounting practices is even greater. Part of this is explained as a result of the time value of money making it more valuable to an investor to “receive tax benefits sooner rather than later”. They go on to emphasize the fact that many mutual funds and other investment vehicles have a default option that is typically either FIFO or Average Cost, and that it may benefit individuals to look into how their investments are setup.
The study debuted in the January 2014 issue of The Journal of Financial Planning. As described on The Financial Planning Association’s website, the journal is a peer reviewed publication meant to “expand the body of knowledge of the financial planning profession.” It is distributed monthly to over 53,000 financial planning professionals and other interested parties.
Lewis University’s chapter of The American Marketing Association recently had the honor of hosting the Senior Executive Director of Marketing for The Chicago Blackhawks, Peter Hassen. Mr. Hassen spoke to a group of approximately 70 students and faculty about the world of sports marketing and how The Chicago Blackhawks marketing department has utilized the franchise’s unique history and loyal fan-base to go from a struggling organization that kind of fell by the wayside, to the envy of the entire league. He discussed ways to succeed as a marketer and recommended that students seek out internships and life experiences in order to try their hand at a lot of things. “It is important to find out both what you like and what you are good at” he said. Mr. Hassen also discussed how the marketing department has adapted and remained fan focused as the team experiences great success both on and off the ice. Along with members of the Lewis community in the audience, students were joined by representatives from Benedictine University’s newly formed chapter of The American Marketing Association. Overall it was a great presentation that shed light on some of the potential careers marketing students can look forward to after graduation, as well as the inner-workings of a great sports franchise and Chicago staple, The Chicago Blackhawks.
The Illinois Technology Foundation is an organization centered around recognizing and supporting Illinois’ best technology students and professionals in order to encourage them to stay in Illinois. For each of the past seven years, they have honored sixty Illinois technology students with their Fifty For the Future Award. Three College of Business students were honored to receive the award this year. Ryan O’Keefe seeking his Master of Business Administration, Jon Pankhurst B.S. Information Security, and Staff Sgt. Juan Vasquez B.S. in Finance, Information Security, and Computer Information Systems.
All of the winners were invited to attend an awards ceremony and networking event at the Chicago Cultural Center. Reiterating the advice of the award ceremony’s keynote speaker about the importance of understanding business functions by IT professionals, Dr. Faisal Abdullah Professor and Chair of Management Information Systems said “The award recognizes the top IT Talent in Chicago. It also is a testament to the IT curriculum in the MBA, Computer Information Systems and Information Security programs taught in the College of Business. Business requirements drive IT and our curriculum enables students to be IT leaders in organizations. “
The Annual Fifty For The Future® Celebration recognizes exceptional students with an interest in and potential to use technology in innovative ways. Winners are chosen through a rigorous nomination and judging process, focused on high school through university and graduate level programs. The Fifty For The Future® Celebration provides encouragement and recognition to students who pursue innovation through technology, providing access to business leaders to showcase their talent. The celebration is attended by industry leaders, judges, winners and their families, Foundation sponsors and other supporters of the technology industry.
Lewis University’s Lasallian roots have guided the school to provide a well-rounded and practical education to as many students as possible. This involves combining real world experience with traditional education and often leads to collaboration between Lewis and other Lasallian institutions. In this spirit of collaboration, College of Business professor Dr. Frank Rose recently spent time speaking to two classes at Unilasalle – Centro Universitario LaSalle in Canoas, Brazil.
He presented to the 50 students and two faculty members on The future of the Chinese Economy from an American Perspective via blackboard collaborate. Dr. Rose and Dr. Ian Gladding actually visited the University in person a few years ago in order to help build on the collaboration between the two institutions. The lecture went smoothly and the students and faculty really enjoyed the presentation. Hopefully this will lead to even more collaboration between Lewis and other Lasallian institutions worldwide.
Faculty here in The College of Business have recently started a standing tradition of getting together to share research they are involved in. These Scholar’s Luncheons are an opportunity for interested faculty to discuss the topics of their research in order to gain additional insights and perspectives on their research activities from their peers. This practice began last year, and there have been 4 meetings so far. At the most recent Scholar’s luncheon, Dr. Yuntaek Pae presented his research on Idiosyncratic Volatility vs. Cash Flow Volatility. His research involves using the “Dupont Analysis to analyze the cross sectional relationship between idiosyncratic volatility and financial cash flow volatility.” Dean of the college Dr. Rami Khasawneh, Assistant Dean Mike Progress, Dr. Ian Gladding, Dr. Robert Atra, Dr. Frank Rose, and Dr. Ibrahim Mescioglu were all in attendance.
It is international Education Month at Lewis University and this year The College of Business is hosting a Topics in International Business Speaker Series to discuss International Business and how to operate as a business in various countries. Speakers will be discussing the business climates in Japan, Turkey, Palestine, and South Korea on Thursdays for four weeks.
The series got off to a great start on October 31st with a presentation about doing business in Japan given by William Johnson, Executive Vice President and Chief Financial Officer of Cabot Microelectronics. There were approximately 55 students in attendance and the presentation was very well received. There are still three more events to enjoy so anyone interested please see the schedule below. If you have any questions please Contact: Dr. Frank Rose, email@example.com, Tel: 815-836-5802.
All Sessions run from 3:30 – 4:30 pm in Benilde Hall (The College of Business); Room BE-167.
Doing Business in Japan – Thursday, October 31st
William Johnson, Executive Vice President and Chief Financial Officer of Cabot Microelectronics
Doing Business in Turkey – Thursday, November 7th
Dr. Ibrahim Mescioglu, Assistant Professor of Management Information Systems
College of Business, Lewis University
Doing Business in Palestine – Thursday, November 14th
Iyad Rock, Graduate Student
College of Business, Lewis University
Doing Business in South Korea – Thursday, November 21st
Dr. Yuntaek Pae, Assitant Professor of Finance
College of Business, Lewis University
On Oct. 16th, Steve McHugh, a 1981 Marketing alum, came back to campus to speak with College of Business students. McHugh is Senior Vice-President of Research Expertise at Millward Brown, an international research firm with offices in more than 50 countries.
He discussed his day to day activities as well as covering some of the things he believes a student should do to succeed in market research; putting a specific emphasis on the importance of internships in today’s job market. “As much as you can, do any internship. You want it to be as relevant to what you want to do in the future as possible. Maybe you don’t know what is relevant yet, but just show that you are doing something.”
“I thought it was a very informative presentation that was very helpful for individuals who may be considering marketing as a major.” -Vice President of Communications for AMA, Joshua Resto. More than 90 College of Business students were in attendance.
John Courtney, MBA ’08 and Vice President of the Lewis University Alumni Association, was recently interviewed by MediaPost.com about how he has overseen the growth of Sears e-commerce user-generated video reviews section and how this has impacted business. Mr. Courtney graduated from Lewis University’s Graduate School of Management in 2008 with a concentration in International Business, and he now holds the title of Certified Agile Project Manager and Marketing Professional at Sears Holdings E-Commerce Content Strategy.
He describes the 5 main reasons that user-generated content is expanding so rapidly and how useful it is for consumers. He feels that the user-generated video reviews at Sears help drive sales, save money, add credibility, and enhance product perceptions all while providing a surprisingly good source of customer feedback.
The Full Interview is available @
2010 College of Business alumnus Nestor Hernandez was recently acquired by the Dallas Sidekicks for the 2013-2014 Professional Arena Soccer League season. Hernandez plays the position of forward and during his time at Lewis he was a three time All-American and totaled 37 goals and 18 assists, finishing his career at Lewis with 92 points; the 6th most in school history. Mr. Hernandez was traded to the Sidekicks by the Chicago Mustangs where he had a great rookie season; placing second in goals at 38, third in shots at 118, and fourth in points at 50 on his way to PASL All-Star accolades.
Dallas was able to obtain the promising player when the Mustangs agreed to transfer his contract for an undisclosed amount of money. ”Nestor is an excellent player that will be one more piece to the puzzle in building a winning team this year,” Sidekicks Head Coach Tatu said. ”He’s a proven goal scorer, and will be a huge supplement to our core talent. His numbers from last season speak for themselves, and I’m looking forward to what he will bring to the quality of our team.”
Lewis head men’s soccer coach Evan Fiffles is thrilled for Hernandez.
“I’m very excited for Nestor, as he has worked very hard in becoming a professional soccer player,” Fiffles said. “I wish him all the best in Dallas.”