Reddie basketball
draws to a close after both men and women fall this past weekend.
>Page 6
MONDAY, MARCH 10, 2014
HENDERSON STATE UNIVERSITY
VOLUME 107, ISSUE 23
Business plan wins HSU second place
TAKING CARE OF BUSINESS Several members of the business deptartment competed in the Battle of the Ravine Business Plan Competition. Above, Zack Ritter, a finance major graduate, presented his team’s business plan.
pany. Then, the judges would watch the separate teams present their information. Each company had to explain to the judges what each member would accomplish in the company. Various factors were covered, such as inventory and supply, who the CEO would be, employees and employee benefits and the up-front costs to make the company possible. Each person on a team had a separate. For example, on the Oil Bandits team, Little was the information officer. He took care of advertising, managed the app the team had for phones, and did web graphic design. Each year, external people that would not be biased towards a certain team or person are appointed judges. They are professionals from different financial institutions. For this competition, three judges were from banks, one from a local economical institution, and the city manager dealing with finances. The judges determined the winning team by how well the business plan was written and the components within it. They also judged on how the plan was presented in front of them and how feasible it actually was. The first place team can go into different competitions that award more cash prizes for winning. There is an entrepreneurship class available to students if they are interested in entering the competition. “The entrepreneurship class prepares you better for the competition,” Griffin said. The competition is not exclusive to business students. Anybody who is interested in the competition may enter .
created a lot of anxiety in the higher education community the past few weeks. “We heard a lot of things last weekend, and it was difficult to know what was true and what wasn’t,” he said. “Everyone stayed in touch regarding the negotiations going on though.” Now that the uncertainty of potential budget cuts has passed, both Broadway and Dr. Jones are ready to get back to planning for the future, starting with budgets. “Now everyone can shift away from those negative things and get back to working on getting our budget completed and approved,” Jones said. Broadway said that the ADHE is also moving ahead with preparing next year’s budget proposals. He stated that it takes several months for the ADHE to assess institutional needs like maintenance, capital, and personnel requirements. The ADHE also looks at enrollment to calculate formulas that determine accurate budgets. Along with budgetary matters, Henderson’s strategic plan is a high priority for Dr. Jones. The focus of the plan is raising the profile of Henderson on both a state and a national level over the next 10 years. Dr. Jones believes that enrollment management and student retention are key elements of the strategic plan, as Henderson saw a five percent decline in enrollment this fall. “Things like actively listening to our students and continually improving campus amenities and facilities will hopefully keep students coming back,” Jones said. “Since my first day at Henderson, I’ve always said that we have to
put students first and that means listening to and considering how students feel about Henderson.” Henderson wasn’t the only university in the state to see a decline in enrollment this year, Broadway said. There has been a decline in enrollment nationally, not just statewide, and Broadway said that the ADHE is working to turn that trend around in Arkansas. The ADHE recognizes that there are many adults in Arkansas that have begun college but have never finished. “We’ve launched campaigns that target and hopefully motivate these adults to finish school,” Broadway said. The ADHE is also teaming up with workforce training programs and human resource managers from Arkansas-based companies to identify current and future needs and then working with schools to match curriculum and programs. With the healthcare debate finally over in Little Rock, Dr. Jones hopes that legislators can start listening to higher education funding requests. “There needs to be a greater investment into university infrastructures,” he said. “There are a lot of the issues with older campuses that could be resolved with minimal state investments.” Dr. Jones recognizes the benefits of investments into updating and upgrading buildings and other campus facilities. “We’re advocating for these funds,” he said. “I just hope that legislators understand the benefits of investments like these and how much good they could do for our colleges for decades to come.”
Ashley Smith Staff Writer
On Monday students from Henderson and Ouachita Baptist went headto-head in a business plan competition. Students created and presented their business plan in front of various judges. First place went to a team from Ouachita, and the Oil Bandits team from Henderson was awarded second. Third place went to Awesome Outdoor Company from Henderson and fourth went to another team from Ouachita. The competition has been running for about four years now. A previous
competition at Henderson occured before this one, in which one of Henderson’s teams, the Oil Bandits, won first place. Heather Griffin, senior entrepreneurship major, Wesley Duke, management graduate, and Brett Little, senior digital art and design major, made up the Oil Bandits team. “We hope that Henderson sweeps this competition,” Griffin said. “We got first at the Henderson competition, and it’s scary to try to stay first.” The Oil Bandits called their company “Oil Bandits Mobile Tire and Lube.” Contestants in the competition had to write a business plan and also offer entrepreneurship for each individual com-
*Photo by Lauren Dudley
Medicaid private option passes state House Scott McKinnon Staff Writer
In a 76-24 vote, the Arkansas House of Representatives agreed to continue the Arkansas Medicaid private option expansion on Tuesday. The expansion allows the state to use federal Medicaid money to buy private insurance for lower income Arkansans. Higher education institutions in Arkansas, including Henderson, avoided potential budget cuts with the passing of the private option legislation. “From a higher education perspective, we’re all relieved that it’s over,” Shane Broadway, director of the Arkansas Department of Higher Education, said. “We could have seen big reductions in higher education budgets and programs.” Broadway said that discussions over the weekend probably turned to the potential consequences of failing to pass the bill. In a speech to the House before agreeing to vote for the bill, Rep. Kim Hammer of Benton remained staunchly opposed to the larger idea of expanded Medicaid but acknowledged those potential consequences of not voting for the bill. Unfortunately, higher education will always find itself in the crosshairs. “It’s just how the budget is constructed and how other programs like K-12 education and human services are protected or off limits,” Broadway said. Dr. Glen Jones, Henderson president, was very happy that the legislation finally passed after four failed attempts. Dr. Jones admitted that the uncertainty
In The Fold Sports
Reddie men and women suffer tough losses this week in basketball. The men lost in double overtime to Harding in the GAC Tournament games. The ladies lost to SWOSU by merely six points. This will bring the basketball season to a close for the Reddies.
>Page 6
News The cost of college for poorer students has begun to rise while higher incomed students enjoy a declining price for their secondary education.
>Page 2
Features 17 different culture styles gathered in the Wells Gym last Friday for dancing, food and fun. The International Food Bazaar is a tradition enjoyed by members of the community as well as students faculty and staff of Henderson.
>Page 3
Diversions MiSSiLE exposes the utter absurdity of self-doctoring and diagnosing through WebMD.
>Page 5
Find more news and information online at WWW.HSUORACLE.COM Monday
Tuesday
73
75
46
39
Wednesday
61
30
Thursday
64
30
INDEX News: 2 | Features: 3 & 4 | Diversions: 5 | Sports: 6
Friday
70
43
Saturday
Sunday
73
68
43
37