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2005On this page...
Mohammed Khayum named dean of USI College of Business
The announcement was made December 14 by Dr. Linda L.M. Bennett, USI provost and vice president for Academic Affairs. In making the announcement, she said, "Dr. Khayum has already established himself as an innovative leader in the College of Business. I am looking forward to working with him as he continues his good work with the College and the surrounding community. “We were fortunate to have strong candidates for the position. Dr. Khayum has worked his way through the faculty and administrative ranks and is well respected by faculty, staff, administrators, and students." Khayum has served as acting dean since August when Dr. R. Eugene Klippel stepped down from the post. Khayum said his years as a faculty member have given him a good feel for the aspirations of USI students majoring in business and the kinds of programs and activities to which they respond. He has a strong relationship with the community. He has conducted a number of economic impact studies since coming to the Evansville area. One of the first was a 1997 study of the impact of Evansville ARC on the Vanderburgh County economy. In 2004, he and a faculty collaborator from the University of Evansville completed an economic impact study for Toyota Motor Manufacturing Indiana. Khayum said the college will concentrate on maintaining the high standards and the posture of continuous improvement that led to the attainment of AACSB-The Association to Advance Collegiate Schools of Business accreditation. His plans for the college include the exploration of distinct niche opportunities in teaching and service. He said the USI College of Business is among good company as one of 430 institutions in the United States accredited by AACSB. Like the USI College of Business, 50 percent of the AACSB-accredited business colleges have about 50 faculty members, 37 percent have about 1,900 students, and 60 percent have an operating budget of about $5 million. "We should be proud of being in good company," he said. On the other hand, Khayum wants the USI College of Business to establish a more distinct identify for itself. "Then we will not be just one of the pack. We will be something special," he said. He praised the college's preparation of qualified graduates for the workforce of the Tri-State region. The college has a proven record of working with companies in the area to determine their workforce needs and then providing top-quality educational programs that meet those needs. In addition to branding the college more effectively, Khayum wants the college to develop an entrepreneurial perspective, to continue to be active in community development, to assist in the transfer of technology to new applications, to develop innovative practices, and to develop multidisciplinary synergies across campus. Among his immediate plans is continued progress on the Coslett Family Sales Development Laboratory. He wants to use local business executives as panelists and judges in the lab, which will be a beneficial resource for business students. Khayum also said the college already has distinctive features. He complimented the collegiality and professionalism of the faculty. “We are unique in how we get along,” he said. Joining USI in 1991 as assistant professor in the Department of Economics and Finance, Khayum was promoted to associate professor in 1995. He was named professor of economics in 2001, serving as chair of the Department of Economics and Finance from that time until his appointment as associate dean and director of the MBA program in 2004. Khayum prepares the Business Conditions and Outlook Survey, a quarterly survey of businesses in the Evansville area, and the Evansville Factbook, a compendium of demographic, economic, and social information about Southwestern Indiana. In addition to the economic impact studies, he has contributed his expertise to a number of area needs assessment projects and other activities in the field of economics. His research focuses on input-output analysis, service sector growth, economic development, exchange rate determination, consumption behavior, and the New Economy. Khayum earned an undergraduate degree in economics from University of Guyana. He completed master’s and doctoral degrees, also in economics, at Temple University. Articles by Khayum have appeared in a number of professional publications, including the Journal of College Reading and Learning, Applied Economics, Global Business and Finance Review, Service Industries Journal, and International Economic Journal. He has made presentations at conferences in Chicago; New Orleans; Washington, D.C.; and Philadelphia. He is the author of two books on economic issues in developing countries. Faculty e/mBusiness Training Workshop
Four topics were covered in the two-day seminar:
Bernanke has a hard act to follow in Greenspan"Bernanke has a hard act to follow in Greenspan" is an article in the Evansville Business Journal, December 5, 2005, by Marie Bussing-Burks, instructor of Economics in the College of Business. Read the entire article... (Go to EBJ.biz). The Brave New World of IFRSEva Jermakowicz is the author of the article "The Brave New World of IFRS" (co-authored with Sylwia Gornik-Tomaszewski) published in the November issue of Financial Executive (pp. 52 - 54) which was posted on the website of the accounting firm Deloitte Touche Tomatsu last November. Read the entire article... Workplace clothing: How do different styles make employees feel?"Workplace clothing: How do different styles make employees feel?" is an article in the Evansville Business Journal, November 8, 2005, by Joy Peluchette, Chair of Department of Management, Management Information Systems, and Applied Computer Science and Professor of Management in the College of Business and Dr. Katherine Karl. Read the entire article... Accounting Department's "High School Days - Fun Beyond the Numbers" The Department of Accounting and Business Law, the Accounting Circle, the Office of Admissions, and the USI Beta Alpha Psi Chapter hosted USI's second annual "High School Days - Fun Beyond the Numbers" on Wednesday, November 16, 2005. Students, parents, teachers, and guidance counselors from high schools throughout Indiana attended the event, which was held in Carter Hall from 9:00 A.M. until 2:00 P.M. Participants saw an AICPA video ("Taking Care of Business") that provided an overview of the accounting profession, heard a panel discussion by area business leaders ("Start Here, Go Places") on the vast opportunities in accounting, and played several rounds of "Accounting Jeopardy" (based on a modified version of the television show). In addition, participants heard a panel discussion by several USI students ("Life of an Accounting Student") about college life as an accounting major at USI, listened to information about co-op and internship opportunities in accounting, and heard presentations by USI's Career Placement Office, Office of Admissions, Department of Accounting and Business Law, and USI's Accounting Circle. Participants had the opportunity to interact with USI students, faculty, and staff, plus members of USI's Accounting Circle, during a lunch break. In addition, the participants received information about USI (including application information) and "door prizes" at the end of the event. Feedback received from the participants was extremely positive, with many of the students stating they would be coming to USI in the Fall 2006 Semes
During the Indiana CPA Society's Annual CPA Celebration (held on October 14, 2005 in Indianapolis), Dr. Craig R. Ehlen, Professor of Accounting at USI, was recognized as the outgoing President of the Indiana CPA Educational Foundation. Dr. Ehlen has been a member of the Foundation's Board of Trustees since 1999 and served for two years as Treasurer before becoming President in 2004/2005. The Indiana CPA Educational Foundation provides scholarships to deserving accounting students at Indiana's public and private colleges and universities. The Accountants in the Classroom, a program developed by the Accounting Circle and the Department of Accounting and Business Law, encourages students in Managerial Accounting 202 to explore the various opportunities in accounting through interactive learning with practicing accountants in the classroom and helps the student to gain a better understanding that the classroom material is actually used in the business world. The practicing accountants come to the classroom prepared to discuss the topics the class is studying at the time and to share with the students how those topics apply to their practices and companies. Two accountants, one from public and one from private accounting, come to the classroom twice a semester. The accountant pairs participating during the 2005 fall semester are Darryl Spurlock with Umbach and Associates and Deidra Conner with Arc Industries; Marvin Wright with Wright Consultants and Tim McGuire with Card Management Corp.; Steve Mudd with Riney, Hancock and Co. and Jana Pottorff with Bristol Myers Squibb. "Outdoor Advertising" presented by the Marketing Club On Wednesday, November 2, 2005, Marketing Club heard guest speaker, Kelly Graves, from Mid-West Marketing. Mid-West is a woman-owned and operated, small, full service agency located in Evansville. Ms. Graves was a dynamic speaker who is also a USI Alum. She spoke about career success within the field of Marketing, benefits of working for a small company, and the types of products and services Mid-West offers its clients. Robert G. Jones was the Executive in Residence for the USI College of Business on Friday, October 28. Jones is president and CEO of Old National Bancorp and a member of its board of directors. He assumed the position effective September 7, 2004. The College of Business hosts an Executive in Residence every fall. “The program exposes students to successful business leaders,” said Nancy Bizal, coordinator of College of Business external relations. “It lets students know the way executives think and talk and what issues they are facing, and it’s a way of helping the classroom to come alive.” College of Business students joined Jones for a breakfast meeting that day and had the opportunity to participate in an informal discussion and seek advice. He presented two public lectures on the topic of business ethics and met with a class for another informal discussion. The Department of Economics and Finance hosted the Fall Student-Faculty Social on October 28, 2005 at the Eicher Barn. Students learned more about the Economics, Finance, and Accounting and Professional Services majors. The guest speaker from Smith-Barney Investments was Ryan Kelley, a USI graduate and former Eagles basketball player.
Enthusiastic Response to first Accounting Circle Golf Outing The Department of Accounting and Business Law and the USI Accounting Circle held the First Annual USI Accounting Circle Golf Outing on Friday, October 21, 2005, at the Helfrich Hills Golf Club. The golf outing had great participation from both groups, with ten teams (forty golfers) participating in the outing. In addition, fifteen area companies served as “hole sponsors” during the event. The proceeds of the golf outing benefited the Dan Wade Scholarship. The Dan Wade Scholarship was created to support accounting majors that will pursue additional studies in order to meet the 150-hour requirement for the CPA examination.
Congratulations to the USI Accounting Team, which finished first place in the state in 2005 in the Indiana CPA Society Case Competition, beating the other five finalists: Indiana University – Bloomington, IUPUI – Kelley School of Business, Purdue University North Central, Saint Mary’s College, and Valparaiso University. This is the second year in a row that a USI team has won the INCPA case competition. We congratulate the team members Andrew Eddmenson, Nathan Atkinson, May Flores, and Kevin Farley and the faculty advisor, Jeanette Maier-Lytle for another great achievement. This type of activity, combined with the support that the students received from faculty, make USI a great learning experience! Annual Fisher Cup Golfing Contest The second annual golfing contest for the Fisher Cup was held, October 7, 2005. Mohammed Khayum, last year's holder of the cup, was eager to pass the honor on to another "anxious" recipient. However, he will have the "distinction" of keeping the cup for another year. Swan receives USI Distinguished Accountant Award
The award was presented September 26 at USI during the Accounting Extravaganza, an event for USI accounting majors, faculty, and members of the Accounting Circle, an organization of senior executives in public and corporate accounting in the southwestern Indiana region. Members serve as an advisory board to USI’s accounting program. Swan is a founding member of both the USI College of Business Board of Advisors and the Accounting Circle. He served as first chair of the Accounting Circle in 1998-99 and was chair of the Board of Advisors in 2002-03. Swan served as a USI trustee from 1991-95 and was president of the USI Alumni Association in 1988. He completed a bachelor’s degree in accounting at USI in 1972. In the community he has been active in the United Way of Southwestern Indiana, Evansville Better Business Bureau, Center City Corporation, and Evansville Rotary Club. Swan began his public accounting career with Price Waterhouse and Company in Chicago and later was associated with Santa Fe Energy Company in Amarillo, Texas. He joined the Kemper CPA Group in 1981. He is a member of the American Institute of Certified Public Accountants and the National Association of Certified Valuation Analysts. He is a board member of the Indiana CPA Society and a recipient of the Civic Achievement Award from the organization’s Southern Indiana chapter. The USI Distinguished Accountant Award was established in 2004 by the Department of Accounting and Business Law in the USI College of Business and the Accounting Circle. Traits that make professional women successful
"Traits that make professional women successful" is an article in the
Economic Education earns state award For its impact on schools and students in Southwestern Indiana, the Center for Economic Education at the University of Southern Indiana will receive the Peter V. Harrington University Center Award in October from the Indiana Council for Economic Education (ICEE). The award is given annually to the Center for Economic Education in Indiana that has excelled the most in its mission of economic literacy. Eleven centers around the state are eligible for the award. Greg Valentine, associate professor of business education, is the director of the USI center. The award recognizes these USI Center accomplishments in the 2004-05 academic year:
This award is presented in honor of Peter V. Harrington, the executive director of the Indiana Council for Economic Education from 1971-1997. His leadership built the Indiana Council into one of the strongest councils for Economic Education in the country. The USI Center for Economic Education will be honored at the ICEE’s Annual Awards Program on October 12 in Carmel. The Center will receive a plaque and a check for $3,000 to use for the advancement of economic education in their region. This award is sponsored financially by Duke Realty Corporation. For more than 50 years, the ICEE has provided resources and training to the teachers and students of Indiana. The ICEE is a comprehensive partnership of leaders from business, labor, agriculture, education, and government dedicated to improving economic literacy in Indiana. Its mission is to prepare students to become active citizens and productive members of our economy by providing them with the ability to make sound economic decisions. Private companies face financial reporting dilemma "Private companies face financial reporting dilemma" is an article in the Evansville Business Journal, September 6, 2005, by Eva K Jermakowicz, Professor of Accounting, and Allen Hunt, Assistant Professor of Accounting,. Read the entire article... USI student financial team placed in top tenThe University of Southern Indiana student team of financial representatives placed in the top ten in Northwest Mutual Financial Network's Financial Representative Intern Team competition. Members of the team were Lindsay Botsch of Carmi, IL; Salina Dayton of Okanogan, WA; Luke Chamberlain of Evansville; and Neil Fortwendel of Tell City, IN. Service Learning project in Business Statistics course Poll says Downtown living has an appeal By BYRON ROHRIG Courier & Press staff writer
464-7426 or
blrohrig@evansville.net A housing interest survey concludes that some 21 percent of 264 people participating are interested in living Downtown. "There may clearly be an interest among a critical mass of Evansville- area residents" in living either Downtown or near-Downtown, according to the survey developed by Downtown Evansville Inc. Results were compiled by a University of Southern Indiana business statistics class under the direction of Charles Harrington. Jeff Lake, Downtown Evansville Inc.'s executive director, distributed the just-returned results to the Redevelopment Commission on Tuesday. "The 20.8 percent who expressed interest in living
Downtown is not small, especially since we assume it includes no people
who have kids," Lake said. Downtown is not near most schools and other
facilities geared to the very young. Security and "close proximity to quality of life," as well as washer-dryer hookups and parking. Lake said the survey "will be a good education piece" for potential developers of Downtown housing. Among other noteworthy findings in the survey:
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The high cost of HIPAA"The high cost of HIPPA" is an article in the Evansville Business Journal, August 2005, by Dr. Les Nunn and Dr. Brian L. McGuire of the USI College of Business. Read the entire article... | |||||
Taking a closer look at the business and economic outlook survey"Taking a closer look at the business and economic outlook survey" is an article in the Evansville Business Journal, July 2005, by Mohammed F. Khayum, associate dean of the College of Business and director of the Master of Business Administration program. Read the entire article... | |||||
Web sites: doable, affordable, and useful for small businesses"Web sites: doable, affordable, and useful for small
businesses" is an article in the | |||||
USI SGA presents Spirit of the Eagle Award to Peter Cashel-CordoThe Student Government Association presented its Faculty, Staff, and Administrator of the Year Awards and Spirit of the Eagle Awards at the 2005 Student Leadership Awards and Recognition Ceremony held April 20 in Carter Hall.Eric Sharp, president of SGA, said recipients of the Faculty, Staff and Administrator of the Year Awards are people who go out of their way to help students, contributing to the positive atmosphere at USI.Faculty Member of the Year was awarded to Peter Cashel-Cordo, associate professor of economics. In nominations, he was described as “a highly effective instructor who inspires genuine learning,” “a dedicated, knowledgeable advisor,” and “a published researcher.” In presenting Cashel-Cordo’s award, Sharp also acknowledged that the professor has committed time to serving on several University committees, including the Faculty Senate and the University Honors Council, and finds time to volunteer for organizations in the community. Phenomenal Women of USI and the Community
Two of the eight honorees for the 2005 Phenomenal Women of USI and the Community were from the College of Business: Dr. Marie Bussing-Burks (middle front), an adjunct economics instructor, philanthropist, author, and publisher and Dr. Nancy Kovanic (middle back), an adjunct management instructor, management consultant, author, and co-owner of GNO Jewelry & Gifts. The program, sponsored by the USI Multicultural Center, the American Association of University Women (AAUW), and Old National Bank, honors and celebrates women from all walks of life who have made contributions to diversity at the University and in the community. Through the annual recognition of these contributions, the Phenomenal Women program hopes to inspire others to embrace and promote diversity within their own lives. Stock market simulation gets students excitedBy TOM RAITHEL Courier & Press staff writer 464-7595
or raithel@evansville.net
For Emily Copeland, part of the fun was "having Craig stop me in the hall and say 'Are we up to Number 1 again?'" she said. But it wasn't just fun, it was a learning experience. "We researched the companies before we invested in them," said teammate Michael Goelz, who said the team invested mostly in pharmaceutical companies. And Natalie Wolf, another teammate, learned that, while investing, "Don't be afraid to take risks, because it pays off sometimes." In addition to learning and having fun, these four seniors in Donna Lefler's class at Mater Dei High School won the Indiana Stock Market Simulation High School State Championship this semester. They were one of nine teams honored Tuesday during an awards ceremony at the University of Southern Indiana. This is the 15th year for the simulation, said Greg Valentine, associate professor of business education for USI and coordinator of the program. About 150 teams and about 600 students at the elementary, junior high and senior high level participated this year, Valentine said. Under the rules of the simulation, Students invest an imaginary $100,000 in stocks, mutual funds and commodities and track the results of their investments for 10 weeks. Students research their investments and buy and sell them. They are charged a $25 fee for each sale, Valentine said. At the end of the 10 weeks, they calculate their results. For example, the Mater Dei winning high school team achieved $152,421.24 - or nearly 48 percent more than the S & P 500 stock index average during this time. Some teachers have used the Simulation for years. But for some, like Tracy Rainey of McGary Middle School, this was the first year. "It was new for me and it was definitely new for them (her seventh-grade students), so we had to learn together." Southern Indiana did well throughout the competition. The top junior high school team in the state was Yvonne Beavin's class at Westside Catholic Consolidated Schools. They achieved a return of nearly 24 percent above the S & P 500. Matt Dickerson, a member of the winning team said the team's success was due to not trading a lot. "We stuck with our stocks." Lincoln Oliver agreed. "Just don't sell things... they'll probably go up. Don't buy things that are risky because there is a chance they'll go down." Students on this team also had fun. "I liked to see how the stocks were high and low each day," said Cassady Rodenberg. "It was really fun to work with other people and get to know other people's opinions about things," said Jessica Mitchell. The top elementary school in the region was in the after-school program of Don Harris at Culver Elementary School. Students on that team included Adrian Smith, Dakota Fording and Jake Allen. Their return was nearly 22 percent above the S & P 500. It was third in the state among elementary students. Rounding out the top teams in the region were Sharon Odom's class at Castle High School (second place) and another class of Donna Lefler's at Mater Dei (third place). At the Middle School level, a team of Chuck Masterson's students at Holy Spirit School came in second. At the elementary level, teams of Sheri Harmeson at Stringtown Elementary came in second and third. Article on the Courier & Press website... Rankings provide insight to businessesClick here to review the full article of "Livability Changes in Indiana Communities: Something to Flaunt or Fear?" by Dr. Peter Cashel-Cordo, Dr. Dan Friesner, and Dr. Sudesh Mujumdar, as referenced in the "Rankings provide insight to businesses" article in January 2005's Evansville Business Journal (EBJ.biz). |
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University of Southern Indiana - College of Business |
Dr. Mohammed Khayum, a University of Southern Indiana faculty
member since 1991 and a leading researcher on Evansville-area economic
issues, has been named to lead the University's College of Business as dean
effective January 3, 2006.
More than 20 College of Business faculty and administrative members
participated in a Faculty e/mBusiness Training Workshop in Fall 2005, in the
University Center. This eBusiness Center Faculty Development Initiative was
organized by Dr. Abbas Foroughi, who secured an SBC Excelerator grant to
fund the workshop. The workshop was facilitated by Dr. Howard Rosenbaum,
Indiana University; and Mr. Brian Kleber, South Central Indiana SBDC,
inVenture, SEED Corp.
The
best part of the Stock Market Simulation this year was "the excitement
of going to look at the stocks every day," said Craig Maier, a Mater Dei
High School senior. 
