MSU Jake Jabs College of Business & Entrepreneurship 2013 Annual Report

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2013-2014

A N N UA L R E P O R T Jake Jabs College of Business & Entrepreneurship

INNOVATION

ENGAGEMENT

ENTREPRENEURSHIP

EXCELLENCE

WELCOME

NATIONAL BOARD OF ADVISORS

ACCOUNTING ADVISORY BOARD

Shavon Cape, JWT

Steve Conrad, Conrad Wildes Development Company

Susan J. Carstensen, Consultant

Stefani Freese, Anderson ZurMuehlen

Bridget Cavanaugh, Consultant

Shawn Harrison, Oracle

Jim Edwards, Mountain West Benefit Solutions

Jeremy Hauk, Eide Bailly, LLP

Todd Eliason, Rock Creek Associates

Scott Holton, Rudd & Company

Sean Gallinger, Summit Resources Import

Carlen Keaster, Anderson ZurMuehlen

David Hill, KPMG, LLP

Jill Jarrett, Benchmark Capital

Alan Kahn, Entrepreneur

Heather King, Ernst & Young, LLP

Susan King, Consultant

Erica (Ricki) Lewis, Microsoft

Paul Matteucci, U.S. Venture Partners

Morgan Scarr, Amatics

Sid Miner, Consultant

Stacey Scott, West Paw Designs

Michael Monaghan, UBS Financial

Tom Simkins, Simkins-Hallins Lumber Co.

John O’Donnell, Tech Ranch

Chris Smith, BDO

Kalli Ryti, First Interstate Bank

Paul Tucci, Moss Adams

Kathy Sanchez, Northwestern Mutual Financial Network

Shauna (Laden) Watson, Air Lease Corp.

Eric Smith, Boeing

Todd Williamson, MorganStanley SmithBarney

Janice K. Whetstone, Janice K. Whetstone, P.C.

Shelly Wong, InSite Vision, Inc. Dawn Wrigg, Rudd & Company

ADMINISTRATION & PROFESSIONAL STAFF Kregg Aytes, Ph.D., Dean Susan Dana, J.D., Associate Dean & Director of the Bracken Center Harry Benham, Ph.D., Interim Associate Dean Audrey Capp, Director of Communications & Public Relations Jackie Sather, Director of Development Brenda Truman, Director of Student Services Linda Ward, Assistant Director of the Bracken Center Liz Greenfield, Assistant Director of Student Services

412 Reid Hall PO Box 173040 Bozeman, MT 59717-3040 www.montana.edu/cob We would like to thank the JJCBE faculty and staff, as well as MSU’s University Communications, without whom this report would not be possible.

Design for this Annual Report by Montana State University Publications and Graphics.

Photographs provided by the Jake Jabs College of Business & Entrepreneurship, except where noted.

Editorial assistance provided by Rilla Esbjornson and Lisa Daniels of the JJCBE. The printing of this Annual Report is funded in part by a grant from D.A. Davidson & Co.

TABLE OF CONTENTS 1 J ake Jabs College of Business & Entrepreneurship Maintains Prestigious AACSB Business Accreditation 2 MSU Breaks Ground For New Jabs Hall

21 Business Student Wins Army National Guard Soldier of the Year Competition

23 Strengths of the College 24 Many Opportunities to Learn From Real Life 28 Professor Receives Highest Accounting Taxation Association Honor 29 Meet the New Accounting Faculty 30 Preparing Students for the World of Accounting 31 Bookmark: Leaving the Trees 32 Entrepreneurs-in-Residence Bring Startup Concepts to Life 34 Orser Speakers Share Knowledge and Experiences 35 Accounting Professor Earns Prestigious Lybrand Award 36 Faculty Updates 40 Students Take Advantage of Executive’s Closet 42 Blackstone LaunchPad is Now Open for Business 43 Students Visit Wall Street

O UTSTANDING STUDENTS

5 Students Engaged in Leadership Pursuits 7 Two Students Achieve “Competent Communications” Book through Toastmasters 8 Two JJCBE Students Receive Awards at the Day of Student Recognition Awards 8 Beta Alpha Psi Chapter Recognized Internationally as “Superior” 9 Accounting Team Places Third in Best Practices Competition 9 Student Receives Prestigious National Accounting Scholarship 10 Students Impress Judges with Comprehensive Ad Campaign 11 Top Senior Students, Mentors Recognized 11 Accounting Student Earns Top Award for Community Involvement 12 Finance Students Take First Place at Research Challenge Competition 13 Dean Shares the Importance of Scholarships with Students 13 College Celebrates Fall Graduates 14 MSU Students Excel in Business Plan Competitions 16 BGS Honors Society Inducts 13 Business Students 17 International Students Infographic 18 Awards Announced During Spring Graduation Celebration 19 JJCBE Student Profile Infographic

F ACULTY & PROGRAMS

OMMUNITY C INVOLVEMENT

45 Team Service Projects Provide Community Engagement Opportunities 46 Student Shares Experiences from Alaska VITA Trip 48 Business School Hosts Entrepreneur Day for Area High School Students

49 Snow Melts Away for Chilly, but Fun, Golf Tournament 50 Record Number of Family Businesses Honored 52 Bringing Business Assistance Across the State 53 Mongolia Opportunity for Business Students 53 JJCBE 2013 Internships 54 Guest Speakers 55 Students Lead Efforts to Recycle Glass for Jabs Hall 56 Students Use Entrepreneurial Creativity to Support Local NonProfits 57 Building Entrepreneurial Spirit 57 Spring Tree Planting 58 W2 Conference

LUMNI A & FRIENDS

1 Explore Your Giving Options 6 62 College Leaders and Legends Honored During Homecoming 64 Alumnus Earns MSCPA’s Highest Honor 66 MSU Launched Banking Career that Spans Decades 67 The Aldersons Receive Prestigious Blue & Gold Award 68 MSU Business Grad Advises Students To Think Globally 69 Meet the New Faces of the College 70 Alumnus Excels at Life-Long Learning 72 Long-Time Director of Student Services Retires

H ONOR ROLL OF DONORS

75 Honor Roll of Donors

Through the years, one thing has remained consistent: our commitment to you. Since 1935, D.A. Davidson has grown from a small Montana brokerage to become a multi-faceted financial services firm with offices in 23 states. Catering to individual investors, businesses, and institutional clients, we offer a wide selection of investment services to accommodate our clients. Dynamically combining innovative and forward-thinking practices with values rooted in tradition, we strive to set a standard of excellence – and best serve our commitment to you.

Montana offices in: Great Falls, Billings, Bozeman, Butte, Dillon, Hamilton, Havre, Helena, Kalispell, Livingston, Missoula and Whitefish. Serving clients nationwide.

D.A. Davidson & Co., member SIPC | 8 3rd Street North | Great Falls, MT 59401 | dadavidson.com

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LETTER FROM THE DEAN

“

You will notice that we now have a new name for the College: The Jake Jabs College of Business & Entrepreneurship.

While it is a long name, it reflects two important facts. One is the transformative $25 million gift from 1952 MSU alumnus Jake Jabs. The second is our increased emphasis on entrepreneurship.�

While performance feedback in higher education tends to be hard to come by and the value of the education we provide to students is often not evident until our alumni have been employed for a number of years, I am pleased that 2013 was a year where a number of performance indicators validate what we are doing in the College.

For example, our students are succeeding in numerous ways. Several student groups have performed well at regional and national competitions.

Additionally, our reputation for developing well prepared business professionals is resulting in firms offering our students more internships and full-time career positions.

We have also seen a 12% increase in students choosing business as a major between the fall of 2010 and the fall of 2013. Perhaps more importantly, the quality of students interested in business who apply as freshmen is improving, with a record number of freshmen applicants with ACT scores in the 95th percentile.

Another point of validation is the excellent additions we have made to the faculty. We hired two outstanding tenure track accounting professors, who joined us in the fall, and we had a number of highly accomplished business professionals join us as adjunct instructors.

Furthermore, friends of the JJCBE have provided financial gifts that will help us build an even brighter future for the College. A number of substantial gifts will allow us to equip our new building (scheduled to be completed the spring of 2015) with high-quality technology and furniture, provide students with additional scholarships, and support our educational programs.

You will notice that we now have a new name for the College: The Jake Jabs College of Business & Entrepreneurship (JJCBE). While it is a long name, it reflects two important facts. One is the transformative $25 million gift from 1952 MSU alumnus Jake Jabs. The second is our increased emphasis on entrepreneurship. While not all of our students will start their own business ventures, we want all of our students to reflect the entrepreneurial spirit that is so vital to their success.

Finally, after the visit from three business school deans representing AACSB-International, we were awarded a five-year continuation of our business accreditation. AACSB is the premier accrediting body for business programs, and we were pleased to have yet another validation of the quality of our program.

Yes, 2013 was a good year. We are excited to build on these successes over the next year. In the meantime, I hope you take the time to learn more about the College in the pages that follow.

r. Kregg Aytes D Dean of the College of Business

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JAKE JABS COLLEGE OF BUSINESS & ENTREPRENEURSHIP MAINTAINS PRESTIGIOUS AACSB BUSINESS ACCREDITATION The Jake Jabs College of Business & Entrepreneurship (JJCBE) at Montana State University (MSU) has maintained its business accreditation

by The Association to Advance Collegiate Schools of Business (AACSB) International. Founded in 1916, AACSB International is the longest serving global accrediting body for business schools that offer undergraduate, master’s, and doctoral degrees in business and accounting.

AACSB Accreditation is the hallmark of excellence in business education, and has been earned by less than 5% of the world’s business programs. Today, there are 672 business schools in almost 50 countries and territories that maintain AACSB Accreditation.

“It takes a great deal of commitment and determination to earn and maintain AACSB Accreditation,” said Robert D. Reid, executive vice president and chief accreditation officer of AACSB International. “Business schools must not only meet specific standards of excellence, but their deans, faculty, and professional staff must make a commitment to ongoing continuous improvement to ensure that the institution will continue to deliver the highest quality of education to students.”

The JJCBE offers four undergraduate options of study: accounting, finance, management, and marketing, as well as five minors: accounting, business administration, entrepreneurship and small business management, finance, and international business. It also offers a master of professional accountancy degree. Last fall, the College reported an enrollment of 1,151 undergraduates and 42 graduate students.

Dean Kregg Aytes stated that, “AACSB accreditation is an important external validation of the high quality of our programs.

The reviewers that visited us earlier this year were extremely thorough and it was rewarding when they commended us for our Professional Advantage program, particularly the Professional Coaching Clinic. They were also impressed with the way we have integrated critical thinking throughout the program.”

To learn more about the JJCBE visit www.montana.edu/cob. To learn more about AACSB International accreditation, visit the accreditation section of the AACSB International website at: http://www.aacsb.edu/ accreditation/.

ASSOCIATION TO ADVANCE COLLEGIATE SCHOOLS OF BUSINESS

A ACSB ACCREDITATION HAS BEEN EARNED BY LESS THAN

* 5% * OF THE WORLD’S BUSINESS PROGRAMS

672 BUSINESS SCHOOLS IN ALMOST

“

It takes a great deal of commitment and determination to earn and maintain AACSB Accreditation.”

– ROBER T D. REID, EXECUTIVE VICE PRESIDENT AND CHIEF ACCREDITATION OFFICER OF A ACSB INTERNATIONAL

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COUNTRIES

MAINTAIN A ACSB ACCREDITATION

JJCBE 2013 FALL ENROLLMENT

1,151 42

UNDERGR ADUATES

GR ADUATE STUDENTS

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GROUNDBREAKING

Pictured from left to right: Lindsay Murdock, ASMSU president; Montana Lt. Gov. John Walsh; MSU President Waded Cruzado; Jake Jabs; MSU JJCBE Dean Kregg Aytes; Angela McLean, chairwoman of the Montana Board of Regents, and local children. MSU photo by Kelly Gorham.

MSU BREAKS GROUND FOR NEW JABS HALL The new Jabs Hall will help mold Montana’s future entrepreneurs, according to Kregg Aytes, dean of the newly named MSU Jake Jabs College of Business and Entrepreneurship (JJCBE), formerly known as the MSU College of Business.

“The building will shape our behavior, and we will become more collaborative and innovative,” said Aytes, who was one of several officials to speak May 3, 2013 at a groundbreaking ceremony held for the new building.

The event began with a processional of students, faculty, staff, and friends from MSU and the community. The MSU Spirit Band, members of the ROTC, and horseback riders from a local drill team also participated in the event’s processional.

Jabs Hall will be the new home of the JJCBE. Construction is scheduled to begin this summer and be completed in 2015.

Both the building and the College are named for Jake Jabs, a Montana native and Montana State College alumnus who, in 2011, announced a $25 million gift that will completely fund construction of the building and other programs.

Jabs’ spirit of entrepreneurship and decision to give back to students in his home state is “exciting and empowering to our students,” said Lindsay Murdock, a sociology student and president of the Associated Students of MSU, during her remarks at the groundbreaking ceremony.

“We are very excited,” Murdock said.

Montana Commissioner of Higher Education Clayton Christian said that the building will “mean good things for students in Montana, mean good things for Montana State University, and mean good things for the state of Montana.

“Montana is very fortunate to be the home state of Jake Jabs,” he added.

MSU President Waded Cruzado said that the university has a “bold vision”

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— for its business school to be one of the best in the nation. Jabs Hall, she said, will help the university achieve that goal.

Jabs himself noted that everyone needs business skills, and that there “is more need for entrepreneurs today than there has ever been.”

Jabs grew up on a farm near Lodge Grass and received a degree in vocational agriculture from Montana State College in 1952. While at Montana State, he played music with the band, was on the rodeo team, and joined the ROTC. Jabs, 83, is now president and CEO of American Furniture Warehouse, based in Denver. The company is one of the largest retail furniture companies in the U.S. and one of the largest privately held businesses in Colorado.

Jabs credits his parents for providing him with a strong work ethic, and Jabs’ father, who had no formal education beyond the second grade, shared with Jabs and his siblings his belief that education was essential.

Jabs’ $25 million gift—the largest private gift in the history of higher education in Montana at the time—will also be used for new scholarships and new academic programs in entrepreneurship, professional skills development, and fostering cooperative work between business students and students in other disciplines.

In addition to the $25 million gift, in 2010 Jabs gave $3 million to the MSU College of Business for the Jake Jabs Center for Entrepreneurship, plus additional funds for scholarships for entrepreneurship students.

Of his decision to invest in education, Jabs said in a 2010 interview that, “education gives you the confidence to take risks, and to be successful in life you have to have take risks.”

Others speaking at the groundbreaking event included Montana Lt. Gov. John Walsh, who said the new building will help produce the next generation of business owners, leaders, and executives; and Angela McLean, chairwoman of the Montana Board of Regents, who noted that Jabs Hall and the students who take classes there will have a bright future. Michael Stevenson, president and chief executive officer of the MSU Alumni Foundation, thanked Jabs on behalf of all of MSU’s alumni.

After the prepared remarks, Jabs and the other members of the platform party ceremonially turned ground at the building site. Young children wearing T-shirts that read, “I’m a future entrepreneur” helped the group break ground.

Construction site, photo by Kelly Gorham

“

The building will shape our behavior, and we will become more collaborative and innovative.”

– KREGG AY TES, DEAN OF THE JAKE JABS COLLEGE OF BUSINESS & ENTREPRENEURSHIP

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OUTSTANDING

STUDENTS

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Mason Sweeney in Alaska

STUDENTS ENGAGED IN LEADERSHIP PURSUITS Students can discover leadership leadership, and environmental ethics. opportunities close to home, on “I really wanted to experience university campuses, and in local new situations that pushed my limits communities such as MSU and and boundaries,” explained Sweeney.

Bozeman, in both urban and rural “Facing the challenges of living for a settings, as well as in the rugged month on glaciers with 15 other people Alaskan wilderness. MASON SWEENEY, really shows you what your strengths a JJCBE senior in management and and weaknesses are and how to work a member of the MSU lacrosse team, together in a meaningful way as part gained valuable leadership skills of a team.” last summer through the National Sweeney, who spent 30 days in the Outdoor Leadership School (NOLS), Chugach Mountain Range in south where he participated in their Alaska central Alaska last June, living and Mountaineering training course. traveling with 15 other participants through very rugged terrain LEADERSHIP IN THE WILDERNESS punctuated by deep crevasses, received NOLS began as a school that training in avalanche safety and trained people to be skilled outdoor crevasse rescue techniques, and faced leaders and educators in Wyoming numerous physical and emotional in the mid-1960s. Today, participants challenges during this one-of-a-kind work in teams and live in rugged, leadership experience. outdoor wilderness settings for 14 to up to 135 days. NOLS leadership SHARED LEADERSHIP ROLES offerings include nine international Each participant learned and six U.S. wilderness regions about four distinct leadership and has become one of leaders in roles—designated leadership, active wilderness education, teaching followership, peer leadership, and participants outdoor technical skills, self-leadership—by adopting each Continued on next page.

“

I really wanted to experience new situations that pushed my limits and boundaries.”

– M A S O N S W E E N E Y, SENIOR IN MANAGEMENT

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OUTSTANDING STUDENTS Leadership, cont.

“

I think giving back to one’s community is not only a great thing to do, it’s a duty that we have. There’s a feeling you get from helping people that you can’t get anywhere else.”

– KACI SHEA, SENIOR IN MANAGEMENT AND MARKETING

leadership style for one day twice during their expedition. Sweeney took on the designated leadership role early in the expedition, where he was charged with getting the entire group through two miles of glacier travel.

As the designated leader, he took responsibility for the group, helping the group achieve its goals.

“We had scouted the terrain for what we thought was the best route, gathered the necessary supplies, and prepared for the day’s travel,” said Sweeney. “After eight hours, we had only gone ½ a mile. That was really difficult for me; I felt like I had failed the group. But then the guides helped me realize that many things beyond our control can make reaching a specific goal impossible.”

Sweeney learned very valuable lessons about leadership, the importance of delegating tasks, and what it means to share the successes and failures with the entire team. His second day as designated leader, which occurred in the middle of the trip, he handled differently, especially after serving in the other leadership roles

throughout the trip. These roles are not just practice; they are required to get the team safely through the expedition.

“That first day as designated leader was rough, but I came to see myself and my strengths and weaknesses in a very different light,” said Sweeney. “I now know that getting everyone safely through such difficult terrain, even if we didn’t get as far as we had planned, was a success in and of itself.”

BACK AT MSU Sweeney has experienced a big shift in his work with teams since returning from Alaska and has applied this knowledge throughout his last two semesters at MSU. “Now, I can more easily assess a team and its members, identify different leadership styles, and better understand where I will be of most use in the group dynamic,” explained Sweeney. “My NOLS Alaska experience really empowered me and helped me to determine the best ways to use a team’s strengths and downplay our weaknesses to advance the group’s overall goals.”

Sweeney graduates in May from MSU and will join the Wyndham Worldwide Corporation to sell real estate in Jeffersonville, Vermont.

KACI SHEA EMBRACES MULTIPLE OPPORTUNITIES AT MSU KACI SHEA, a senior in management and marketing, with a minor in international business, has acquired valuable leadership skills through positions she's held in clubs and organizations, study abroad experiences, and community service work. Shea exemplifies the student who makes the most of her educational experience, achieving academic recognition, volunteering in her community, and actively pursuing leadership opportunities on campus.

“I took a different route before coming to college,” said Shea. “I worked for four years after high school at a lodge, in an accounting firm, and at a local restaurant, and really learned the value of money and living on my own. When I enrolled in college, one

Kaci Shea in London.

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of my goals was to get as much out of the experience as I possibly could.”

ACADEMIC INFLUENCES AND HONORS Shea is an outstanding student, with a broad range of activities designed to maximize her educational experience. She served as both VP of Programs and President of Beta Gamma Sigma for the JJCBE chapter, an international honor society that represents the highest recognition a business student can attain for academic achievement.

“I will be the first in my family to graduate with a four-year degree,” said Shea. “My parents have given me a mountain of support, as well as DR. BILL BROWN, my academic advisor in the College.”

Shea represented the top 10% of both her junior and senior classes and maintained the highest junior GPA in 2011-2012, with an Alpha Lambda Delta designation. She also received an Award for Excellence from the MSU Alumni Association and the Bozeman Area Chamber of Commerce, and was named the Outstanding Management Student by the JJCBE management faculty.

“Kaci is a remarkable person and one of the most amazing students to come through the College,” said Dr. Bill Brown, JJCBE professor of management. “She has been a delight to work with and has juggled her many responsibilities very well. Her quiet determination, commitment to learning, and strong work ethic are a winning combination.”

STUDY ABROAD PROGRAMS Shea discovered a love for travel while visiting an eco-lodge in Costa Rica in 2008. When she enrolled in college, she knew travel would be an important part of any career she pursued. She spent her sophomore year studying in Pamplona, Spain, which had a huge impact and helped her to be more relaxed and flexible in her daily life. She now embraces each moment as it comes along, rather than always focusing on what she needs to do next.

“I am a big planner,” explained Shea. “When I moved to Spain, nothing worked out the way I thought it would. Finding a location to get internet service took the better part of a day, and classes I had planned to take ended up not being offered. I learned a tremendous amount while dealing with these new experiences in a very different culture.”

Upon returning to MSU, Shea met with Brown and talked about additional educational opportunities including the Starzen internship, a two-month study abroad opportunity in Tokyo where students study Japanese business practices and culture. Shea applied and was selected for the internship and studied at the Starzen Company, which manufactures and sells processed meat.

“After spending a year in Spain, I was well prepared for the Starzen internship,” said Shea. “Even though Japan is a very different culture, I was able to enjoy the experience, go with the flow, and not worry so much about the little details.”

COMMUNITY SERVICE In addition to travel, Shea has a strong commitment to community service and is active in both Bozeman and on the MSU campus. She has volunteered for two years with Community Café, which serves dinner to underprivileged people in the local community; volunteered for three years with the Madison Valley Relay for Life to raise money for the American Cancer Society; and is the co-president of the JJCBE International Business Club.

“I think giving back to one’s community is not only a great thing to do, it’s a duty that we have,” said Shea. “There’s a feeling you get from helping people that you can’t get anywhere else. My parents have always been heavily involved in community service, and they instilled that value in me.”

Shea graduated in May and has moved to Portland, OR where she will work in the sales operations department of Fisher Investments.

TWO STUDENTS ACHIEVE “COMPETENT COMMUNICATIONS” BOOK THROUGH TOASTMASTERS Business students ARNIE KLEINSASSER and TEVIS GOOLSBY completed the “Competent Communication” book as part of their involvement with the MSU student Toastmasters chapter, now in its second year. This book presents a series of public speaking challenges to toastmaster members, who work at their own pace and give prepared speeches to the Toastmaster group based on each of the 10 scenarios provided in the handbook. When a student completes the challenges, the Toastmaster group awards them certificates of accomplishment.

The MSU Toastmasters chapter, supported by the Bracken Center in the JJCBE, is open to students across campus and strives to help students become confident, competent communicators— skills that will transfer to the professional arena in substantial ways. As an international organization, Toastmasters focuses on helping people overcome their fear of public speaking and become effective communicators. Local chapters provide leadership opportunities to students as well. The chapters are organized and led by students and provides participants with a welcoming environment in which to practice and improve their oral communications skills.

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OUTSTANDING STUDENTS TWO JJCBE STUDENTS RECEIVE AWARDS AT THE DAY OF STUDENT RECOGNITION A number of MSU students were honored this spring at the 90th annual Day of Student Recognition.

The event, organized through the Office of Student Activities and Engagement, recognizes students who are outstanding in the areas of service and leadership. Two JJCBE business students received top honors.

ERICA MCKAY, a finance student from Sandpoint, ID, and DAIGEN AFDAHL, an accounting student from Ellsworth, WI, were both awarded the Outstanding Sophomore Award.

This recognition is given to one woman and one man based upon leadership and service to MSU. Top: Erica McKay with President Waded Cruzado; Botom: Daigen Afdahl

BETA ALPHA PSI CHAPTER RECOGNIZED INTERNATIONALLY AS “SUPERIOR” INTERNATIONALLY RECOGNIZED 300 AMONG BAP CHAPTERS

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COLLECTED POUNDS OF FOOD FOR THE ANNUAL “CAN THE GRIZ” FOOD DRIVE

INCREASED MEMBERSHIP

45%

The MSU Eta Chi Chapter of Beta Alpha Psi (BAP) received recognition as a “Superior Chapter,” the highest distinction a BAP club can earn, for their efforts made during the 20122013 academic year. Internationally recognized among the more than 300 BAP chapters on college and university campuses worldwide, this designation is significant. It means that under the students’ leadership and with their chapter advisor’s guidance, the club has far exceeded the baseline requirements of BAP and has excelled in the areas of academics, professionalism, and leadership.

BAP was originally founded in 1919 and MSU’s chapter, a relatively new club, was installed in 1991. This past year, among their accomplishments, the students assisted with the JJCBE’s golf tournament, collected 93 pounds of food for the annual “Can the Griz” food drive, held a joint MSU and University of Montana highway

cleanup, and increased membership by 45%.

According to the BAP website (www.bap.org), the club’s primary objective is to encourage and give recognition to scholastic and professional excellence in the business information field. The organization promotes the study and practice of accounting, finance, and information systems; provides opportunities for selfdevelopment, service, and association among members and practicing professionals; and encourages a sense of ethical, social, and public responsibility.

BAP denotes scholarship, social responsibility, and practicality.

This year, the torch has been passed on to new officers and members to carry on the tradition of excellence.

For more information about the Eta Chi Chapter of BAP, please visit their webpage: http://www.montana.edu/ cob/Accounting/club.html.

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STUDENT RECEIVES PRESTIGIOUS NATIONAL ACCOUNTING SCHOLARSHIP

Clockwise from top left: Alyssa Sipes, Renee Waterland, Anna Adolphson, Amanda Powell, and Caitlin Kilroy

ACCOUNTING TEAM PLACES THIRD IN BEST PRACTICES COMPETITION The Beta Alpha Psi (BAP) team comprised of five JJCBE accounting students: ALYSSA SIPES, CAITLIN KILROY, RENEE WATERLAND, ANNA ADOLPHSON, and AMANDA POWELL, traveled to Denver, CO on March 22-23 for the annual BAP Rocky Mountain Regional Conference.

They competed and placed third in the Best Practices Competition in the “Inspiration” category. The team developed an inspirational, creative, and fun “Careers in Accounting” presentation geared for high school seniors in under-served communities. The students competed against accounting students from the University of New Mexico, Utah

Valley University, Brigham Young University, University of Utah, and Fort Lewis College.

With the contributions of the Alderson family going towards students participating in these competitions, JJCBE students have been able to compete against other universities, which provides them with experience and helps them develop a confidence about their business education and knowledge gained through the JJCBE. For more information about other student achievements, please see: http://www.montana.edu/cob/ bracken/studexcel.htm.

AMANDA POWELL, an accounting student, has been awarded a prestigious Ritchie-Jennings Memorial scholarship for $5,000 from the Association of Certified Fraud Examiners (ACFE). These scholarships are based on overall academic achievements, an essay, and three letters of recommendation.

Only 30 U.S. and international student scholarships are awarded each year; one $10,000, two $5,000, and 23 $1,000. The $5,000 scholarship is the highest amount any JJCBE student has ever received.

Four students from the JJCBE had previously received $1,000 RitchieJennings Memorial Scholarships: JENNIFER HILL (2002-2003), ERIN MOHR (2003-2004), SOPHIE MUMFORD (2010-2011), and JOEY OTTOY (2008-2009), and SOPHIE MUMFORD (2010-2011).

MOLLY ZANDER received a $2,500 scholarship for 2012-2013.

The ACFE is an anti-fraud organization working to reduce business fraud worldwide and inspire public confidence in the integrity and objectivity within the anti-fraud profession. They support the education of students worldwide enrolled in accounting, business, finance, and criminal justice who wish to pursue a career in fraud examination or a similar anti-fraud profession. For more information, go to www.acfe.com.

Amanda Powell

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OUTSTANDING STUDENTS STUDENTS IMPRESS JUDGES WITH COMPREHENSIVE AD CAMPAIGN

They centered their campaign on the slogan “Paint Fearlessly” and featured ads that showcased cheeky uses of Glidden paint titled “fail temporarily,” “fail fashionably,” and “fail naturally.”

Left to right: (Back) Tucker Kirschner, Peihan Hao, Corbin Hutchinson, Dan Clem, Pierce Ware,*and Bryce Tiernan;* (Middle) Michael Bechler, Tina Smith,* Mike Gold, Allie McRae,* and Chris Stanick;* (Front) David Driscoll,* Moriah Ellig,* Shayla Preeshl, Mary Louke, Vanessa Swenson,*and Gavin Voeller *denotes graphic design students

Calling themselves the Caldera media. They centered their campaign Collective, sixteen MSU JJCBE on the slogan “Paint Fearlessly” and and College of Arts & Architecture featured ads that showcased cheeky graphic design students spent uses of Glidden paint titled “fail two semesters creating a brilliant temporarily,” “fail fashionably,” and advertising campaign which earned “fail naturally.” them 2nd place honors at the regional The team of students presented National Student Advertising this extensive advertising campaign Competition (NSAC) in Boise, ID to a panel of judges, consisting of this April. MORIAH ELLIG, a graphic professionals in the communications design student, won the best female industry, during the competition presenter award and the MSU team in Boise. Other schools represented won the award for the best guerrilla at the competition included Boise marketing idea.

State University, Brigham Young Each year, a different corporate University-Idaho, Idaho State sponsor provides a case study University, Portland State University, reflecting a real-world situation University of Idaho, University of to challenge these students. Past Oregon, and Washington State advertising class teams have worked University. with companies ranging from CocaA huge thank you goes out to Cola and Nissan America to Dove sponsors supporting this group of and State Farm Insurance. This year’s students: Jim and Connie Alderson, sponsor was Glidden Paint.

Flying Horse Communications, The students put together an Insty-Prints, KBZK Bozeman, MSU extensive integrated communications Office of Student Activities, MSU campaign that included everything School of Art, O’Berry Collaborative, from target market research, Walmart Bozeman, and JJCBE. marketing goals, multi-media For more information about this and print advertising to guerrilla advertising course, please contact marketing tactics, in-store Mike Gold at: mgold@montana.edu. promotions, mobile apps, and social

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ACCOUNTING STUDENT EARNS TOP AWARD FOR COMMUNITY INVOLVEMENT

Clockwise from upper left: David Albright with Dr. Gary Caton; Shaina Adami with Craig Ehlert; Dr. Anne Christensen with Anna Adolphson; and Amanda Powell with Dr. Angela Woodland

TOP SENIOR STUDENTS AND FACULTY MENTORS RECOGNIZED Forty of Montana State University’s top seniors and their faculty or staff mentors were recognized Tuesday, February 19, at the 31st annual Awards for Excellence banquet held on the MSU campus.

The MSU Alumni Foundation and the Bozeman Chamber of Commerce co-hosted the banquet. Students honored were nominated by faculty in their college or department and had at least a 3.5 grade point average on a 4.0 scale, as well as demonstrated campus leadership and community service. The award-winning students selected mentors who were also honored with them at the event.

The 2013 Excellence Award winners and their mentors for the JJCBE are:

Seven MSU seniors have won the 2013 Torlief Aasheim Community Involvement Awards, the university’s top award for student service.

JJCBE senior, ANNA ADOLPHSON from Hamilton, MT., is one of the recipients. She is an accounting major and a member of the Montana Society of Certified Public Accountants. She has also been an officer in Beta Alpha Psi, a national accounting club, and she co-taught MSU’s freshman business seminar as a student associate. Adolphson has volunteered through VITA, a program that is designed to assist people who may find it difficult to pay for tax preparation services.

She has also participated in Relay for Life.

Six other MSU students were also honored by the award, which recognizes a senior student from each college at MSU who, in addition to excelling academically, volunteers on campus and in the community. The award was named for the late MSU alumnus Torlief “Torley” Aasheim, former director of the Montana Cooperative Extension Service and a member of the class of 1937.

SHAINA ADAMI, marketing/management, Stillwater, MN, Dr. Craig Ehlert ANNA ADOLPHSON, accounting, Hamilton, MT, Dr. Anne Christensen DAVID ALBRIGHT, finance, Bozeman, MT, Dr. Gary Caton AMANDA POWELL, accounting, Seattle, WA, Dr. Angela Woodland

Anna Adolphson

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OUTSTANDING STUDENTS

“

I have been extremely impressed by the meticulous preparation and outstanding professionalism displayed by these students in achieving this victory.”

– PETER RUBICAM, INSTRUCTOR OF FINANCE

FINANCE STUDENTS TAKE FIRST PLACE AT RESEARCH CHALLENGE COMPETITION In February, JJCBE team members, JUSTIN HESTEKIN, AMANDA JOHNSON, and BRAD PENOYER, traveled to Spokane to participate in the local CFA Institute Research Challenge, where they placed first, winning the local round of the competition in Spokane, WA. They competed against teams from Carroll College, Eastern Washington, Gonzaga, Washington State, Whitworth, and the University of Montana.

The trio of finance students advanced to the Americas regional round in Toronto, Canada, held on March 20-21, where they performed well, but did not advance.The regional competition hosted 45 other teams spanning the Americas region.

The winning team then faced off in London against the winners from the Asia Pacific and Europe, Middle East, and Africa (EMEA) regions.

The CFA Institute Research Challenge is a competition between university-sponsored teams that research a designated publicly traded company, prepare a written report on that company and then present their findings to a panel of judges. Business and finance students participating in

the CFA Institute Research Challenge interact with investment professionals and top firms while gaining realworld experience in equity analysis, sell-side research report writing, and presentation skills.

The team, coached by PETER RUBICAM, JJCBE instructor of finance, and ERIC FLYNN, JJCBE alumnus with Bitterroot Capital Advisors, LLC, spent three months preparing an analysis of one company for the competition. Rubicam said, “I have been extremely impressed by the meticulous preparation and outstanding professionalism displayed by these students in achieving this victory.”

This is the third year that JJCBE has fielded a team. Previous team members have said the experience was not only rewarding, but also provided them with invaluable experience. In 2011, the JJCBE team placed 2nd at the Spokane competition.

For more information about the competition, please contact Peter Rubicam at: peter.rubicam@ montana.edu or 406-994-6198.

Left to right: Justin Hestekin, Amanda Johnson, and Brad Penoyer

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DEAN SHARES THE IMPORTANCE OF SCHOLARSHIPS WITH STUDENTS The JJCBE gave 137 scholarships and awards for students majoring in business options for the 2013-2014 academic year at the 2013 Scholarship Banquet.

The scholarships, announced at the Tuesday, April 23 banquet, were provided through endowments and funds established to grant financial aid to students enrolled in the College. Approximately 250 people, including family and friends, attended the event.

DR. KREGG AYTES, dean of the JJCBE, was the keynote speaker for the event. He talked to the audience about the numerous scholarships awarded that night and how the recipients could take responsibility to make MSU an even better place while they were in college.

“You owe it to your fellow students, as well as those that made college a possibility for you, including your family members and the donors,” said Aytes. “How do you do that? You do it by creating a vibrant, exciting place to learn. And how do you do that? …by truly engaging in the learning experience. Don’t just ask ‘what’s on the test,’ but rather, find connections among things, ask questions, help your classmates, and in general, take responsibility for your learning and performance, and demand that your fellow students do the same.”

Aytes concluded his presentation saying, “We want you all to have a memorable experience here at MSU. It’s up to you to make it that way and to expect your fellow students to do the same. And maybe some years from now, you’ll be sitting here as one of the donors, glad that you gave these years your best effort.”

More information about JJCBE scholarships can be found at: http://www. montana.edu/cob/Scholarships/index.html.

Dean Kregg Aytes

COLLEGE CELEBRATES FALL GRADUATES Continuing last year’s tradition of fall commencement, the JJCBE held a celebration for seniors on Friday, December 13 in the Leigh Lounge on the MSU campus. The lounge quickly filled to capacity with students, their families, and the College’s faculty and staff.

Four students, one from each option area of study, were honored with the Dean’s Award for Excellence.

Option coordinators presented the award to the student in their option and shared humorous faculty anecdotes about each student. The finance faculty opted for a quiz where award winner Nethia Lavering had to guess which faculty said what about their experiences with her being a student in their classes.

All MSU fall graduates were recognized on Saturday, December 14 at the Brick Breeden Fieldhouse. The JJCBE graduates were greeted with a receiving line of business faculty and staff after they received their diplomas. · A ccounting Option: HAAKON OLIVER JOHNSON · F inance Option: NETHIA LAVERING · M anagement Option: DESIRAE LINDQUIST · M arketing Option: SHAYLA LAURIE PREESHL Clockwise from upper left: Haakon Johnson, Nethia Lavering, Desirae Lindquist, and Shayla Preeshl

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OUTSTANDING STUDENTS MSU STUDENTS EXCEL IN BUSINESS PLAN COMPETITIONS Crosby and Reusch described the competition as interesting, challenging and full of excitement.

They also said the competition was very long, intense, and caffeine-infused, and a proverbial “emotional rollercoaster.”

Both Crosby and Reusch were Three teams qualified for, and competed in the John Ruffatto a part of the JJCBE’s BMGT 491 Business Plan Competition, in Advanced Business Planning course, Missoula, on May 16. The three teams taught by TIM LOLATTE. The two pitched their business plans in front of students met each other in class; both hundreds of people including venture were interested in renewable and capitalists and investors, business sustainable means of doing business, leaders, and other students from which led them to collaborate for this around the state. ALEX CROSBY and project. Reusch, currently pursuing TIM REUSCH presented their idea a master’s in Health and Human for Babylon Produce, a hydroponic Development with an emphasis on heirloom tomato facility, and came Sustainable Food Systems, and Crosby, away from the competition with several an undergraduate marketing student, with a minor in entrepreneurship awards. They placed third, out of 37 and small business management and undergraduate and graduate teams.

The other two teams also presented finance, teamed up to form Babylon Produce. well at the competition, but did not The concept behind Babylon place. BLAINE TOWELS, pursuing a Produce is to build a year-round, B.S. in film making, and minoring in hydroponic, heirloom tomato entrepreneurship and small business production facility that will fulfill management, presented a plan for the demand for locally grown, high “Magpie,” a fictional movie about the quality produce. Reusch says the idea Bakken Oil Fields. DON POWELL, came from his personal interests in pursuing a B.S. in psychology, and hydroponics and wanting to enjoy minoring in entrepreneurship and locally grown fresh vegetables in small business management, pitched Montana. This idea was the basis his idea for SIR, a rental property for the business plan he and Crosby software company. presented.

With a compelling business idea and persuasive presentation, Lolatte’s course was key in Crosby and Reusch also took preparing Reusch and Crosby for the home the People’s Choice Award, competition. Reusch said, “It [the course] helped us combine our areas of given to the team with the highest competence into a comprehensive plan score from the audience, as well that illustrated in-depth analysis of as the Environmental and Social almost every facet of the business. We Responsibility Award. The latter also had the ability to learn a lot from is awarded to the team that best the guest speakers who came in to talk incorporates the concepts of social about what they do, and they listened responsibility, sustainability, and to our ideas and gave us a lot great environmental conscientiousness. The winner of this award demonstrates the feedback to refine our ideas and turn them into feasible business plans.” opportunity for economic prosperity with a business model that includes a Ultimately, all of their preparation focus on both profitability and these led to the competition, which took social and environmental concerns. place after the semester’s end. Crosby In addition, Reusch was presented and Reusch described the competition the Brandon Speth Award, which as interesting, challenging, and full recognizes an individual student of excitement. They also said the who exhibits the passion, poise, and competition was very long, intense, charisma to successfully launch a new and caffeine-infused, and a proverbial venture. In all, the duo walked away “emotional rollercoaster.” Crosby with $5,000. and Reusch enjoyed meeting the

15

Alex Crosby and Tim Reusch with UM business dean, Larry Gianchetta (far left), and James Grunke of the Missoula Economic Development (far right)

other competing teams and believed they received a very warm welcome and well wishes for their success from the other teams. Crosby and Reusch said that the opportunity to network with and receive feedback from the competition judges was incredibly valuable to them in terms of identifying the areas of strength and improvements to be made to their business plan.

Lolatte said that the evening of the competition, the three participating MSU teams displayed posters of their business plans. In a period of two hours, between 200 and 300 people saw their business ideas and each team talked to at least five people who were interested in potentially implementing their ideas and wanted to continue the conversation over the next several months. Lolatte added, “The John Ruffatto Business Plan Competition was a life changing event for Babylon Produce. With the awards they received and contacts that were made, it solidified that they had a sound business plan and their idea could turn into a future business.”

Crosby and Reusch were extremely pleased with the knowledge gained and the connections they made at the competition. “It is an incredible feeling to see so many people believe in the idea, from both a business perspective, as a well as socially conscious, ideological standpoint,” Reusch said. “The awards were an incredible prize for us; however we found that the ability to network and meet potential partners was ultimately the most valuable prize we could have obtained.”

Reusch and Crosby rounded out their summer traveling to Denver, CO, as one of six finalists for the 12th Annual Bard Center for Entrepreneurship Business Plan Competition. The competition took place on June 18 and the duo ended up placing fourth and earning $1,000.

For more information about the Advanced Business Plan course, now called Advanced Entrepreneurship, please contact Scott Bryant, bryant@montana.edu.

16

OUTSTANDING STUDENTS

2013 Beta Gamma Sigma Inductees and honored guests.

“

There it is.

It’s that easy. Just raise your hand, or offer to help, and you’ll have all the opportunities you can imagine!”

– ALAN KAHN MEMBER,JJCBE NATIONAL BOARD OF ADVISORS

BETA GAMMA SIGMA HONORS SOCIETY INDUCTS 13 BUSINESS STUDENTS Thirteen business students were inducted into the prestigious international honors society in business, Beta Gamma Sigma (BGS) on Thursday, April 4. Founded in 1913, only the top 10% of juniors and seniors and the top 20% of the graduate accounting students in the Masters in Professional Accountancy (MPAc) program are chosen as initiates for the honor society. BGS provides the highest recognition a business student anywhere in the world can receive in an AACSB accredited undergraduate or master’s program.

DR. SUSAN DANA, BGS advisor, welcomed everyone to the induction luncheon and turned the program over to the 2012 BGS officers. The officers talked about what BGS stands for and what it means to be a member of the society. Vice President of Programs KACI SHEA gave a statement about “Beta,” which stands for honor. President LAUREN JACKSON spoke about “Gamma,” which means wisdom. Vice President of Membership MARCI KOLAR ended with a statement about “Sigma,” which means earnestness. Initiates recited the member’s oath, received their certificates and pins, and were

inducted into the society.

Next, the BGS Professor of the Year Award was presented to accounting professor, DR. ANNE CHRISTENSEN. Before joining MSU in 2002, she taught at Portland State University for 13 years. Christensen teaches both undergraduate and graduate accounting courses, is currently the director of the MPAc program, and the director of the Volunteer Income Tax Assistance (VITA) program. She is the past president of the American Taxation Association. Christensen’s research has been published in journals such as The Journal of the American Taxation Association, Issues in Accounting Education, and The Tax Adviser.

Christensen is a mentor for many of the accounting students, and has been awarded numerous teaching awards while at MSU. ALAN KAHN, an entrepreneur and member of the JJCBE National Board of Advisors, was recognized as the BGS Chapter Honoree. He has also played an instrumental role in the planning of the new business building. Kahn congratulated all the nominees on their achievement before sharing some wisdom from his life

17

experiences. He spoke to the inductees can be enormous,” Kahn said.

His final point was related to about community involvement, obligatory or citizenship motivation public service, professional service, for being involved in the community. volunteerism, or citizenship— He said to the crowd, “There really regardless of which term used—and are no free lunches and each of us its importance. He further described has benefitted from the work or this service as the giving of one’s contributions of others in so many time, talents, and money to make life aspects of our lives and where we live. better for oneself and those one cares for. Kahn gave examples of how this In return, don’t we owe them, and has benefited him in life—including others that follow us, some pay-back meeting his wife. and some of the same opportunities He concluded by giving three and benefits? I truly believe that we do.” reasons why he and his wife have After sharing wisdom about service been so involved in service: the with the inductees, Kahn said there practical, the personal or altruistic, was only one question remaining. and the obligatory. He elaborated by “How do you get involved or started?” saying that the practical reason for He told the inductees that as members of BGS, they have already shown that service is that “you will meet a lot they know how. He then asked: “Just of people you might not otherwise in case there’s any questions about the encounter in your work or family easiest and most certain way to get life and you learn more about your involved, let me see a show of hands community. It’s not what you know, but who you know!” Kahn said. “The of everyone here who at least thinks they have done something at any time smart person knows everything, that would be considered community the wise one knows everyone.” He service.” The entire room turned into described the personal reasons for service as “having such a strong belief a sea of raised hands. “There it is. It’s in a cause or activity that you want to that easy. Just raise your hand, or contribute your time and/or money. offer to help, and you’ll have all the The practical return to you may not opportunities you can imagine!” be great, but the personal satisfaction

4 CANADA 31 CHINA 1 GERMANY 5 INDIA 1 JAMAICA 1 JAPAN 1 KUWAIT 4 MAL AYSIA 3 MEXICO 1 MONGOLIA 1 NETHERLANDS 1 NEW ZEALAND 1 NIGERIA 2 NORWAY 11 S AUDI AR ABIA 5 SOUTH KOREA 1 SPAIN 1 SWEDEN 1 TA JIKISTAN 7 UNKNOWN COUNTRY 83 TOTAL

2013 BETA GAMMA SIGMA INDUCTEES ROBERT ATWOOD NANCY GIDDINGS KATIE MAJERUS

· MPAc:

· Seniors: E LISE CANEVASCINI SARA COCHENNET AMANDA JOHNSON* ROBERT LAWSON MURIAH STAHL · Juniors: TODD BRUNNER MADISON CEBUHAR SARAH COMBS MEGAN MCGLONE AMBER STENSON * in absentia

2013 INTERNATIONAL STUDENTS

2 4

1

1 1

1

1

1

3

1 11

5 31

1

5

1 1

4

1

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OUTSTANDING STUDENTS AWARDS ANNOUNCED DURING SPRING GRADUATION CELEBRATION Every year, the College recognizes students and faculty in the spring for their accomplishments throughout the year. Four students, one in each option, were awarded the Dean’s Award for Excellence during the graduation celebration on Friday, May 3, 2013. Award recipients were chosen by the faculty. · Accounting Option: ALYSSA SIPES · Finance Option: AMANDA JOHNSON · M anagement Option: LYNNEA NELSON · Marketing Option: HUNTER METCALF The following special awards were announced during the spring scholarship banquet which took place in April: · D ean’s Award for Excellence (Master of Professional Accountancy Program [MPAc]): MOLLY ZANDER · Alfred L. Day Academic Excellence Award: ALYSSA SIPES

Clockwise from upper left: Hunter Metcalf, Alyssa Sipes, Amanda Johnson, and Lynnea Nelson

· M ontana Society of CPAs Medallion Award: KATIE MAJERUS · B racken Professionalism Award: MIKALEEN LOWE · H arrington’s Bottling Company Student Mentorship Award in Honor of Bob Arrotta: ARNIE KLEINSASSER This year, six professors received honors, based on outstanding performances in teaching, research, and service. Some of the awards, provided through endowment programs, give faculty members financial resources for scholarly and pedagogical development.

DR. BRENT ROSSO, assistant professor of management, received the Thomas Nopper Excellence in Teaching Award. This award is given annually to a faculty member who has made significant contributions to the teaching mission of the College.

This year’s recipient for the Joe and Sharlene Loendorf Excellence in Teaching Award was DR. GRAHAM AUSTIN, assistant professor of marketing. This award is given annually to a faculty member who has made an impact through successful teaching and mentoring of students. JJCBE colleagues selected the following faculty members for special performance recognition awards: · D ean’s Award for Outstanding Performance in Teaching: DR. GREG DURHAM, associate professor of finance · D ean’s Award for Outstanding Performance in Research: DR. LAURA BLACK, associate professor of management · D ean’s Award for Outstanding Performance in Service: DR. FRANK KERINS, associate professor of finance The senior business students voted on the most prestigious faculty award.

They selected GARY BISHOP, associate teaching professor of management, to receive the Gary K. Bracken Student’s Choice for Excellence in Teaching.

19

STUDENT DEMOGRAPHIC INFORMATION JJCBE STUDENT ATHLETES 52 S T UDEN T ATHL E TE S: 19 FORMAL LY ADMIT TED; 33 PRE-BUSINE S S

GRADUATING CL ASS GENDER BREAKDOWN: M A L E : 106 FEMALE: 94

NON-BUSINESS STUDENTS GRADUATING WITH BUSINESS MINORS (IN 2013):

AVERAGE GPA OF BUSINESS GRADS IN ACADEMIC YEAR 2013: 3.24

Accounting

Business Administration

Entrepreneurship and Small Business Management Business

Finance

International

Management of Information

Technology MASTER OF PROFESSIONAL ACCOUNTANCY PROGRAM (GRADUATING CL ASS PROFILE)

31 C OMPA RE D TO 3.16 L AST ACADEMIC YEAR

F E M A L E : 16 M A L E : 15

ACADEMIC YEAR 2013 GRADUATES: 200 TOTAL

BY OPTION:

ACCT 50

MGMT 68 FIN 36

MKTG 46

20

OUTSTANDING STUDENTS

Left to right: Spc. David Notti with his sponsor, SFC Chad Leishman. (Photo by Spc. Kristin Schaeffer)

21

BUSINESS STUDENT WINS ARMY NATIONAL GUARD SOLDIER OF THE YEAR COMPETITION Specialist (Spc.) DAVID NOTTI, a senior from Anchorage, AK, studying marketing, recently won the Army National Guard Soldier of the Year competition for the state of Montana. He represented the state at the regional competition held in Wyoming, May 2014. Seventeen soldiers from around the state converged upon Fort Harrison in Helena to compete September 5-8, 2013.

Notti volunteered and advanced through a number of levels to get to the competition in Helena. He is with the 163rd Combined Arms Battalion (CAB) of the Montana Army National Guard and was selected from the Bravo Company, which numbers roughly 200. The competition proceeded to the battalion level (in the 1-163rd) which included five companies. Notti was selected out of five nominated soldiers. He then became one of 17 competitors at the state level, each representing a unit that operates in the state.

For Notti, this competition gave him a chance to focus on the quality individuals that he serves with in his company. “There were definitely times where I was exhausted in the competition. And then, I would hear a little voice in the back of my head that was like, ‘don’t give up, do this for Bravo Company, do this for the friends and thousands of others that I represent.’ I feel so happy to be able

to represent the State of Montana in this competition. I really just want to be able to look people in the eyes and say that I gave it my all. Even at the end of the day, if I don’t win, I can settle knowing that I gave my absolute best performance out there.”

Notti described the three-day competition as a test of basic soldier skills. “It included several iterations of land navigation and shooting.

Mixed in was an obstacle course, weapon disassembly/reassembly, ruck marching (I think we covered about 20 miles on foot over the three days of competition) with an 80-pound pack. There were also mental tests, including an essay, and a professional board which assessed your uniform, and my answers to 40 questions that were selected from about 150 pages of Army Field Manuals,” Notti said.

One person who helped Notti along the way was Sergeant First Class (SFC) Chad Leishman, whom he selected as his mentor.

Notti describes the sponsor as a “battle buddy” who makes sure the competitor is 100% ready to enter the next event. Leishman accompanied him to the regional competition in May. To prepare for this test of mental and physical strength, Notti went through intense training. “I would hit the gym here on campus once or even twice a day. I would run five miles, three times a week and then work out for about two hours every day—and

that’s just the physical part. I studied for about a month in preparation for the mental aspect. It was pretty hard because I was also taking summer classes at the time, and then I had to leave for three weeks for our annual training event up in Limestone Hills for the Guard. It takes a lot of focus and determination to just put aside and dedicate time to prepare yourself for this competition.”

Notti says he received enormous support from the Guard and from the JJCBE. “There are a lot of quality individuals that have stepped up to help me or just to say “congrats” or “thank you”. My professors Mike Shaw, Dr. Omar Shehryar, Martha Joh Reeder, and Dr. Graham Austin have all been super supportive, too.”

“My mother always told me ‘Do what you love, and the money will follow.’ Although the pay is pretty minimal and the hours can be kind of long, so far my choice for enlisting has created so many relationships and so much support that I couldn’t begin to thank everyone that has encouraged me along the way. I couldn’t imagine my life without my service to our country and community; but I also couldn’t imagine my service without the massive support that I have behind me. It’s always pushing me to be the best I can be.”

“

I couldn’t imagine my life without my service to our country and community; but I also couldn’t imagine my service without the massive support that I have behind me. It’s always pushing me to be the best I can be.”

– DAVID NOTTI, SENIOR IN MARKETING

22

FACULTY &

PROGRAMS

23

STRENGTHS OF THE COLLEGE As noted earlier in this Annual Report, AACSB-International awarded the College another five year extension of its accreditation in 2013. The College has been accredited for over 30 years, and as part of that accreditation, it is carefully assessed every five years by a team to ensure that it is meeting AACSB's rigorous standards. As explained by AACSB, the standards “are used as the basis to evaluate a business school’s mission, operations, faculty qualifications and contributions, programs, and other critical areas.”

As part of its report to AACSB, our visit team noted some of the College’s strengths, focusing primarily on our efforts to help our students develop the professional skills needed for success in the workplace. These efforts include: • The Career Perspectives course, a one-credit course for juniors designed to help students identify their interests, strengths, and ambitions as they prepare for their job search.

• The Professional Coaching Clinic, in which selected students work one-on-one with a coach to develop self-awareness around their professional performance in oral and written communication skills, professional behavior, work habits, attitude, appearance, and critical thinking skills. The program helps students develop professional networks and practice professional interactions with a wide range of business professionals through interviews, panel discussions, and social events.

• The Bracken Business Communication Clinic offers students one-on-one oral and written communication skills coaching.

• Rubrics designed to help students strengthen their critical thinking, ethical decision making, writing, and oral communication skills are used by faculty throughout the College, providing a consistent message to students about the importance of these skills.

• The PRIDE Code of Excellence (Performance, Respect, Integrity, Diligence, Engagement) makes explicit the professional expectations of the College and is reinforced through course syllabi, orientations, awards, and conduct discussions.

• The Bracken Center offers students resources to support their career development, including personalized mentoring on internship and job opportunities, information on student clubs, study abroad, and a wide range of other extra-curricular professional development opportunities.

The College is continuing to develop opportunities for students to explore their interests while learning fundamental business skills. Our recent name change reflects our increasing emphasis on entrepreneurship skills, which include knowing how to start a business while developing the characteristics and attributes of entrepreneurs such as leadership, collaboration, focus, adaptability, ability to assess and manage risk and uncertainty, and how to learn from experimentation and failure. These skills are important to every business person, whether or not s/he is an entrepreneur, and they are closely related to the professionalism we are helping all of our students develop.

Finally, the College is very well-situated to advance MSU’s new strategic plan which, among other initiatives, emphasizes community engagement and the integration of research, teaching, and service. Most of our students have an opportunity to consult with Montana businesses and non-profits, learning from their clients, offering ideas and insights, and experiencing how their in-class learning applies to real-life situations. Our students have consulted with hundreds of businesses over the past few years, contributing to the economic health of the state while developing the professional skills they will need to become successful business owners and employees themselves.

I hope you enjoy reading about some of the accomplishments of our students and faculty in this Annual Report. By the time you read next year’s report we will be moving in the new Jabs Hall and we hope you’ll help us celebrate!

Susan W. Dana Associate Dean for Academic Affairs

Susan Dana

24

FACULTY AND PROGRAMS

Student researchers: Dan Clem, Alexandra Kelsey, and Barbara Kohring, with faculty member Dr. Graham Austin, in Yellowstone National Park.

MANY OPPORTUNITIES TO LEARN FROM REAL LIFE The JJCBE faculty strive to provide exceptional experiences for students through direct, hands-on involvement with members of the business community.

Some professors provide semester-long interaction and case studies, where students strive to solve real business problems; others provide opportunities for undergraduate students to conduct and present research findings. JJCBE faculty also offer opportunities for students to meet and interact with business executives from large metropolitan areas through conferences, speaker series, and professional workshops. These combined efforts equal a top-notch experience for business students at MSU to learn, engage, understand, and contribute while gaining valuable experience.

From Startups to High Technology Companies In an upper level Entrepreneurial Finance course, BFIN 456: Finance Management for the Entrepreneur, DR. FRANK KERINS, associate professor of finance, helps students examine the differing financial needs of businesses, from small, entrepreneurial startups to

large, international organizations. The course focuses on valuation techniques using business situations that have no easy, clear-cut solutions. Students in Kerins’ class examine companies for their fundamental value, future potential, and identify and evaluate possible exit opportunities. Examples include:

25

“I like to do these kinds of projects, • P roviding a valuation for a company with a nanoparticle drug delivery because they meet a real need, the information is not complete, which system with projected revenue represents what really happens generation at least 10 years out. in business, and students get the • E valuating the economic impact opportunity to experience uncertainty of 2013 federal Qualified Infectious Disease Product (QIDP) legislation when making decisions,” said Kerins. that provides an additional five years “Students use all their background of market exclusivity as an incentive and abilities—whether it comes from for the development of necessary, statistics, marketing, accounting, new anti-infective products. management—and use their creativity • D etermining the valuation and to converge on a recommendation with potential of a Bozeman “Software limited specific direction from me.” as a Service” (SaaS) operations Clients who provide the projects management platform with very for the Entrepreneurial Finance short lead times to cash flow and course typically work directly with profitability. SaaS refers to a software students during the semester. They distribution system in which provide valuable insight into their software applications are accessed by businesses as students conduct their analyses and develop and evaluate users directly from the Cloud rather their recommendations. Each group than having them reside on a local typically brings a unique viewpoint or device. analysis to the project.

• A ssessing the intellectual “There is significant value in property developed by a Montana understanding that we all bring environmental engineer that uses an something new and unique to the on-site, portable treatment system to treat water flows associated with coal table when trying to solve problems,” explains Kerins. “The biggest bed methane and fracking energy advantage students have in going development. through this kind of exercise is that • E valuating the IPO price associated it is very reflective of the types of with a Montana/Wyoming coal mining company developed using an business situations they will have to analyze in the real world.” equity carve out, which occurs when a parent company sells a portion of its interest in a subsidiary to the Helping Students Understand Social public.

Entrepreneurship Students who take BMGT Students work individually or 469: Community and Social in teams to conduct a company Entrepreneurship benefit from their analysis, which typically includes professor’s extensive experience understanding the basis of the working with more than 100 nonprofit technology being developed, organizations over the last 20 years. forecasting financial needs, TERRY PROFOTA, associate teaching identifying and evaluating real professor in management, exposes options associated with the technology, students to a consensus model for valuing the venture, identifying and decision-making— the management evaluating risk-sharing opportunities, style used most often in nonprofit and identifying situations where organizations—and shares her financial management theories apply knowledge of best practices in to decision making. In the end, program design, board governance students must develop well-reasoned systems, strategic planning, financial analyses and provide appropriately management, fundraising, capital justified recommendations, in campaigns, and executive mentoring both a written report and an oral as part of the class curriculum. presentation.

“Nonprofit organizations operate through consensus and require Continued on next page

Dr. Frank Kerins

“

I like to do these kinds of projects, because they meet a real need, the information is not complete, which represents what really happens in business, and students get the opportunity to experience uncertainty when making decisions.”

– DR. FRANK KERINS, ASSOCIATE PROFESSOR OF FINANCE

26

FACULTY AND PROGRAMS

Terry Profota

“

Our students will be poised to assist companies that work in a socially responsible manner, as well as help nonprofit organizations operate more effectively.”

– TERRY PROFOTA, ASSOCIATE TE ACHING PROFESSOR IN MANAGEMENT

buy-in from a number of constituents including staff, volunteers, the board, and clients,” said Profota, who also owns Sage Solutions Nonprofit Consulting, LLC. “These organizations are very relationship oriented, require a lot of input into decision making, and need a whole different style of management, in order to be successful.”

Profota models the course curriculum from real client situations and introduces students to situations and projects that highlight nonprofit organizations’ concerns, questions, best practices, and legal requirements.

Students use an entrepreneurial way of thinking and business strategies to address issues facing local communities and society as a whole. As they examine various elements used to create and run a nonprofit organization and listen to guest speakers from area nonprofits, students develop and strengthen their understanding of business principles, hone their leadership skills, and better understand management practices as they relate to effective nonprofit management.

“The Community and Social Entrepreneurship class sets students up to either start a nonprofit organization, serve as a director on a nonprofit board, or become a very savvy donor to nonprofit organizations,” explained Profota. She adds, “As for-profit businesses and community service organizations continue to merge their goals and objectives, a real opportunity exists for them to learn from each other.

Our students will be poised to assist companies that work in a socially responsible manner, as well as help nonprofit organizations operate more effectively.”

Many of the nonprofit organizations Profota works with seek assistance with strategic planning, defining board roles and responsibilities, and identifying ways to improve overall effectiveness.

Implementing sound business practices within a nonprofit

framework requires an understanding of the unique challenges facing the nonprofit sector. Budget constraints, differences in management styles, and measuring success are a few of the issues addressed throughout the course.

“People working in nonprofits may understand that their organization needs to implement changes to be more effective, but they don’t know how,” said Profota. She adds, “Our students will have the knowledge to provide the “how” for these organizations and the business skills to successfully implement the necessary changes. When you add the business know-how to the very motivated, caring, impassioned individuals that populate nonprofits, the potential for success improves dramatically.”

Undergraduate Research Opportunities DR. GRAHAM AUSTIN, assistant professor in marketing, has collaborated with close to 40 undergraduate students on myriad of projects in the JJCBE for the past six years. Austin, whose focus is on consumer behavior, offers interested students the opportunity to conduct Social, Behavioral, and Economic (SBE) research on topics of mutual interest. Students find out about these research collaborations through faculty recommendations and through Austin’s marketing classes.

“When I was an undergrad and I had the opportunity to work on real projects; they were really meaningful, intellectually stimulating experiences for me,” explains Austin. “Making these opportunities possible for undergrads is my way of paying it forward.”

Many of the research projects Austin spearheads are interdisciplinary in nature. In addition to marketing students, Austin has worked on research projects with undergraduate students studying management, film, sociology, psychology, and graphic design. Several of these students

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have been involved with MSU’s Undergraduate Scholars Program, the McNair Scholars Program, and the Honors College. She encourages students to choose the focus of their research interests and helps them develop their research goals and methods. Some of her teams’ previous research projects include: • B ear Safety Message: Three business students worked with Austin on a research project to create a branding and communication strategy that addresses bear safety in the Greater Yellowstone Ecosystem. The goal of this project was to promote and disseminate effective messages that influence people’s perceptions of the threat that exists when humans encounter bears while visiting National Parks. The project was funded by a grant from the National Park Service and administered by the Rocky Mountains Cooperative Ecosystem Studies Unit.

• C raft brewing/culture community: Two marketing students, also majoring in film and graphic design, and a management student worked with Austin to research and produce a 30-minute video that investigates the historic, economic, cultural, and aesthetic values surrounding Montana’s microbrewery industry.

Montana has the second highest number of breweries per capita in the United States. To view “Beer Country,” go to: www.youtube.com watch?v=6hWNKKPdHTg&feature =em-share_video_user .

• Th e Runners’ (R)evolution: Two film students worked with Austin to research and produce a video that “examines the barefootrunning phenomenon and its impact on consumer behavior, including questions regarding self-determination, word-ofmouth communication, trust, and health, well-being, and happiness,” according to the video introduction.

To view this video, go to vimeo.com/76075155 .

Students conducting research learn about grant writing and other funding options, the research process, and standards of professionalism, and have the opportunity to experience the thrill of following their own interests and passions. Some have presented their research findings at poster sessions during national and international conferences and have published white papers and competitive papers on their research findings. Three students intend to continue their research interests in graduate school. In addition to these accomplishments, “Beer Country” is now offered as a bundled item with the bestselling consumer behavior textbook, Consumer Behavior, by Michael Solomon.

“The students I work with on research projects are wonderful; they’re so fun, nice, interesting, and motivated,” said Austin. “I feel really privileged to work with these students, to provide opportunities to collaborate, and to co-publish our research findings. I’m not any smarter than these students; I’m just older and have more experience.”

Austin’s consistent efforts to provide undergraduates with research opportunities on her own has led to a course offering for the fall 2014 semester. Up to 10 students can enroll in a senior-level research course, taught by Austin. Already, six students have enrolled in the course with five months left before the start of fall semester.

These highlights represent a small sampling of the many activities and extra features JJCBE faculty provide to MSU students across campus.

With our new building opening in fall 2015 and additional support for business programs, we expect more students to take advantage of these kinds of experiences as they continue to grow. We hope you will join us in this next phase of business education at the JJCBE. Please see “Explore Your Giving Options” on page 61 for ways in which you can get involved.

“

I feel really privileged to work with these students, to provide opportunities to collaborate, and to copublish our research findings. I’m not any smarter than these students; I’m just older and have more experience.”

– DR. GRAHAM AUSTIN, ASSISTANT PROFESSOR OF MARKETING

Dr. Graham Austin

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FACULTY AND PROGRAMS PROFESSOR RECEIVES HIGHEST ACCOUNTING TAXATION ASSOCIATION HONOR

Dr. Anne Christensen

“

Through my association with ATA members from so many different universities, I have learned and grown as a tax educator and researcher over the years.”

– DR. ANNE CHRISTENSEN, PROFESSOR OF ACCOUNTING

The American Taxation Association (ATA) honored DR. ANNE CHRISTENSEN, JJCBE professor of accounting, by awarding her the prestigious Ray M. Sommerfeld Outstanding Tax Educator Award on August 5 in Anaheim, CA. Only one tax educator is honored each year by the ATA, a subgroup of the American Accounting Association (AAA), the premier organization of accounting academics in the world.

Christensen was stunned and incredibly honored to receive the award. “I care deeply about tax education and the success of students in their professional lives. The ATA is dedicated to furthering tax education and research and the organization has played an important role in my professional life. Through my association with ATA members from so many different universities, I have learned and grown as a tax educator and researcher over the years,” she said.

During her time at MSU, Christensen has positively impacted many students. She is the Master of Professional Accountancy (MPAc) program director, and she also leads a well-respected Volunteer Income Tax Assistance (VITA) program each spring, including a specialty VITA program which sends a number of students to remote villages in Alaska over Spring Break. Although conditions are rustic, students return to campus raving about the experience.

While many faculty aspire to give students transformative learning experiences, Christensen is actually able to do just that.

ATA is honoring Christensen with this award for the depth and breadth of service she has given to tax education. She has served as the ATA’s president, vice president, trustee (two terms), Journal of the American Taxation Association (JATA)

editorial board member, chair of six committees, and a member of more than a dozen others. She also currently serves as the AAA board of directors as its Vice President of Segments. Her wisdom and guidance have shaped many important ATA initiatives, enhancing the quality of tax education over the past decade.

According to the ATA website, the purpose of the Outstanding Tax Educator Award is to recognize, honor, and reward outstanding contributions by a faculty member teaching taxation at a recognized academic institution.

The award is named in honor of Professor Ray M. Sommerfeld, the first recipient of the award, who earned a reputation as a pioneer in tax education and provided a lifetime of service to students, colleagues, and the taxation profession.

In recognition of this award, Ernst & Young provides a $5,000 scholarship to a student at the university of the award recipient’s choice. Christensen has asked that an MSU accounting student receive the scholarship.

Christensen received her undergraduate degree from Brigham Young University in counseling and guidance and her Ph.D. in accounting and taxation from the University of Utah. Prior to joining the faculty at MSU, she was a faculty member at Portland State University.

Her research interests focus on the behavioral implication of tax as well as accounting education. Christensen has published articles in journals such as the Journal of the American Taxation Association, Advances in Taxation, Tax Notes, ATA Journal of Legal Tax Research, Issues in Accounting Education, The Tax Adviser, and Taxation for Accountants.

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MEET THE NEW ACCOUNTING FACULTY Dr. Mary B. Burns

assistant professor of accounting EDUCATION: • B .S. in Mathematics/Computer Science from College of William & Mary • M .S. in Information Science from Harvard Graduate School of Arts and Sciences • M .B.A. from Harvard Graduate School of Business • P h.D. in Management with a Management Information Systems emphasis from University of Arizona • C ertified Information Systems Auditor TEACHING: • A CTG 202—Principles of Managerial Accounting • A CTG 321R—Accounting Information Systems I • A CTG 421— Accounting Information Systems II BACKGROUND: Dr. Mary Burns joined the MSU accounting faculty in 2013. Prior to relocating to MSU, she was a tenuretrack assistant professor in Accounting at Georgia Regents University. Throughout her academic career, she has taught courses in Accounting and Information Systems at the undergraduate and master's levels.

Before her academic career, she spent over 11 years managing Control and IS functions at two Fortune 200 companies.

RESEARCH: Burn's research examines three key areas: 1) information systems security, 2) fraud detection, and 3) using technology to increase audit effectiveness. Her research has been published in several journals, including Decision Support Systems. She has two recently published articles in: the Journal of Information Systems and the Journal of Organizational and End User Computing.

THOUGHTS ABOUT THE JJCBE AND BOZEMAN: “I feel very fortunate to have joined the JJCBE in Bozeman. I get to work with supportive colleagues, to teach the courses that I most enjoy, and to conduct interesting research. Having lived in many places throughout the U.S., I really appreciate the recreational activities, scenic beauty, and extremely friendly people in Bozeman,” said Burns.

FUN FACTS: “My hobbies include long distance bicycling, sailing, and traveling. My longest bicycle trip was a three-week tour of the south island of New Zealand. In Rhode Island, where I grew up, I spent summers racing sailboats. My favorite destinations to date have been Thailand and Egypt,” she said.

Dr. Mary Burns

Dr. Edward Gamble

Dr. Edward Gamble

assistant professor of accounting EDUCATION: • Bachelor of Commerce from the DeGroote School of Business at McMaster University (Canada) • M.B.A. with an emphasis in accounting and economics from University College Dublin (Ireland) • Ph.D. in Management from Lancaster University (England) • Certified Professional Accountant (Canada) TEACHING: • ACTG 529—Research in Accounting • BGEN 499—Business Senior Seminar BACKGROUND: Gamble joined the JJCBE accounting faculty in 2013. In the past, he has taught cost accounting, financial accounting theory, strategic management, and business research courses.

He was also responsible for developing a case competition program in Canada, which was management accounting focused.

RESEARCH: Gamble's research focuses on two different domains: social enterprise performance measurement, namely, not-forprofit performance and nascent entrepreneur opportunity.

More specifically, Gamble focuses on the approaches, behaviors, and contextual factors associated with earlystage entrepreneurs as they recognize, evaluate, and exploit opportunities.

THOUGHTS ABOUT THE JJCBE AND BOZEMAN: “Bozeman is a dynamic community with more Subarus, dogs, and bikes than any place on the planet. My wife, Janet, (a former Olympian), and I are happy to be in Bozeman with our two dogs. What inspired Janet and I to move to Bozeman was the unique blend of outdoor activities and research opportunities,” said Gamble.

FUN FACTS: “I emigrated from Ireland to Canada as a child. I have lived and worked in Asia, Africa, Australia, Europe, and the Americas,” said Gamble.

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FACULTY AND PROGRAMS

MPAc Workshop participants

PREPARING STUDENTS FOR THE WORLD OF ACCOUNTING To better prepare accounting students in the Master of Professional Accountancy (MPAc) program for life after graduate school, the JJCBE requires all MPAc students to attend the Professionalism Workshop held each year, first thing in the fall.

Started in 2011, the workshop introduces students to the accounting faculty, the JJCBE Accounting Advisory Council (AAC), and current alumni professionals, while providing them with valuable information about what it is like to be an accounting professional.

Thirty-seven MPAc students participated in the workshop on August 30. The day consisted of an AAC panel discussion on “Understanding the Profession of Accounting,” a session titled “Performance Evaluation: What Really

Matters?,” a presentation on the Montana Society of CPAs, and the afternoon session, “Your First Job: Learning to Walk All Over Again.”

The sessions were designed to give the students an overall view of life as a professional accountant, what to expect, and how to best prepare for this career path.

RENEE WATERLAND, a student in the MPAc program and president of Beta Alpha Psi, found the workshop to be very useful. “The panel of young accountants, one to two years into their careers, was very helpful to shed some light on what we could expect during our first few years of professional accounting.”

DR. ANNE CHRISTENSEN, director of the MPAc program, and the accounting faculty put a lot of thought into the sessions offered

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at the workshop. Christensen says that this year’s workshop focused on performance evaluations. Our students learned their evaluations will be based on their client interaction, leadership, and team building skills, as well as their technical knowledge and skills. She also praised the level of alumni and faculty involvement: “MSU is fortunate to have so many professionals willing to give of their time and talent to help our students understand the challenges and opportunities they will encounter in their professional lives.”

Throughout the day, MPAc students were seated at tables with accounting professionals and AAC members from across the nation, allowing them to interact, network, and gain even more insight into the accounting profession. “It was a great way to network and socialize with potential recruiters from across the U.S. in a relaxed environment. I know several students even obtained jobs from the contacts they created that day,” said Waterland.

SCOTT HOLTON, an alumnus and AAC member enjoys participating in the workshops as an accounting mentor. “After participating in the MPAC Professionalism Conference for the last several years, I enjoy seeing the value in meeting with the students outside the classroom, sharing our ‘war’ stories and providing

candid expectations for what they should expect in their professional careers. This type of forum was not available when I graduated from MSU in 1998, and I wish I had had the chance to participate. I never had an internship prior to beginning my career and a little advance insight into the profession would have been invaluable.”

The workshop concluded with resume reviews and coaching interviews for the MPAc students with recent JJCBE graduates in the profession and faculty who will be teaching their masters-level courses.

Another MPAc student, TOM LANGMO, said the workshop gave him and his cohorts a professional advantage over others entering into the workforce: “The MPAc Professionalism Workshop gave us [graduate students] a rare experience— to have practice interviews where professionals can critique our interviewing skills was a HUGE advantage against others. The casual, pressure-free environment allowed for graduate students to candidly interact with highly regarded individuals in the accounting field—an experience that very few are privileged to participate in.”

For more information about the MPAc program, please see: http:// www.montana.edu/cob/Accounting/ MPAc/index.html.

BOOKMARK Management instructor RICHARD EARL BROOME published a novel last summer, Leaving the Trees, which is available through Barnes & Noble and Amazon.

The book explores what could cause a global financial market collapse and the possible ramifications of such a collapse.

Broome’s original connection with the JJCBE was when he served as the fall 2012 Orser speaker. He joined the JJCBE faculty in the fall of 2013 as a management instructor. Broome has lived an extraordinary life, rising from an Army private to serving on the White House staff for two U.S. Presidents as a member of their National Security Council staffs, as well as having a successful business career as a consultant in the public and private sector with over 40 years of experience in the design, development, and management of computer information systems. Now living in a small community in Montana, Broome has brought all of these experiences together in this suspense novel about trust, deception, betrayal, and revenge.

“

After participating in the MPAC Professionalism Conference for the last several years, I enjoy seeing the value in meeting with the students outside the classroom, sharing our ‘war’ stories and providing candid expectations for what they should expect in their professional careers.”

– SCOT T HOLTON, ALUMNUS AND AAC MEMBER

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FACULTY AND PROGRAMS ENTREPRENEURS-IN-RESIDENCE BRING STARTUP CONCEPTS TO LIFE

Irizarry has spent 25 years in the technology industry, working with hardware and software in the finance, garment, and automotive industries.

Rob Irizarry

The Entrepreneur-in-Residence (EIR) program, launched in 2011, continues to bring successful entrepreneurs to campus to share their knowledge and expertise with our students. This year, ROB IRIZARRY, a very active entrepreneur in Gallatin Valley, and now Director of the MSU Blackstone LaunchPad, served as the spring 2013 EIR. CHRIS MUMFORD, founder of Joe Startup, traveled from the East Coast to be the fall 2013 EIR. Rob Irizarry resides in Bozeman, so instead of limiting his time as EIR to just a few days, he spent the entire spring semester visiting classes, holding office hours, and interacting with students daily. He presented

“Lean Startup: A Scientific Approach to Building Startups” during his public presentation, which took place on March 27 in the Procrastinator Theater. His presentation ultimately covered three questions: “Why do so many startups fail?,” “What can be done to reduce the failure rate?,” and “How do I apply these principles to my business today?”

Irizarry introduced his topic by saying there are many flawed ideas about entrepreneurship being promoted and then he discussed how to vet entrepreneurial ideas. Irizarry mentioned many tools that allow a person to evaluate their current ventures, beginning with the value hypothesis: “Would one person pay for it [the product idea],” and the growth hypothesis: “How do I find the rest of them?” Irizarry provided a comprehensive approach to entrepreneurship and lean startups by covering many entrepreneurial tools and resources ranging from Alexander Osterwalder’s Business Model Canvas to Everett M. Rogers’ The Diffusion of Innovation. Irizarry also referenced many books and resources about entrepreneurship, but said that two good beginning reads are The Entrepreneur’s Guide to Customer Development, by Brant Cooper and Patrick Vlaskovits, and The Lean Startup, by Eric Ries.

Irizarry has spent 25 years in the technology industry, working with hardware and software in the finance, garment, and automotive industries.

He’s worked in and with public and private sector organizations consisting of 10 people to Fortune 10 building systems, processes, and teams in the U.S., Europe, Asia, the Middle East, and South Africa.

Irizarry moved to Montana in 1999 to join RightNow Technologies.

After Oracle’s $1.8 billion acquisition of RightNow in 2012, Irizarry moved to the next phase of his career, founding StartupBozeman.com to

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help the Montana startup ecosystem grow, invested in a local software startup that uses machine learning to process large amounts of data from social networks, and is in the process of launching a second, bootstrapped startup. Irizarry has a bachelor’s degree in electronic engineering and has three patents pending on technology he has helped develop.

Chris Mumford, the fall EIR, presented “Design Thinking: Developing Fuzzy Ideas into Sustainable Enterprises” which drew participants from many different disciplines, including engineering and the arts. Mumford’s presentation was complimentary to Irizarry’s spring presentation. Mumford talked about how to generate numerous innovative entrepreneurship ideas and the steps entrepreneurs can take to develop a sustainable enterprise. Mumford discussed all the steps: Dream, Think, Create, Tell, Sell, and Run, and showed many creative animated videos that helped the audience better understand the concepts. His motto was “Start up simply. Simply start up.”

Mumford also wanted to provide more than the usual EIR experience, so he put on an additional Saturday workshop that focused on answering one question “Do you ever have a creative block while you are working on a project?” He talked about how creativity is a mindset and process, and while it is true that some people are more predisposed to creative

Chris Mumford

endeavors, even the most creative people have a process they implement so they can get work done on their uninspired days. “It takes practice like everything else.” With a mixture of students, faculty, and the public as the audience, Mumford engaged them in a lively interactive design-thinking workshop.

Over the last 15 years, Mumford has founded several businesses in the United States and Asia and served companies as the CEO, chief financial officer, chief operating officer, vice president of sales, and vice president of design. He has also raised more than $30 million from angel investors, venture capitalists, and private equity firms for several projects. Mumford’s experience includes developing consumer products, technology, education, and social networks.

Mumford was also an investment banker for seven years and is the co-founder of Launch Chapel Hill, a venture lab and co-working space. He is on the faculty of the Kenan-Flagler Business School at the University of North Carolina at Chapel Hill.

Mumford has a bachelor’s degree in philosophy from the University of North Carolina at Chapel Hill.

For more information about this event, or the Entrepreneur-inResidence program, please contact Scott Bryant at bryant@montana.edu or 406-994-6191.

Chris Mumford

Over the last 15 years, Mumford has founded several businesses in the United States and Asia and served companies as the CEO, chief financial officer, chief operating officer, vice president of sales, and vice president of design.

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FACULTY AND PROGRAMS

ABOUT ROBERT “BOB” CHICKERING Chickering previously led several corporations, including Santa Barbara Aerospace, Inc. and Chickering/Howell Advertising, a consulting firm. He also worked with Cunningham and Walsh Advertising as vice president and director of account management for American Home Products. He managed Woolite, Black Flag, Easy Off, Wizard, Anacin, and Dristan product lines. He also was responsible for business development and account management of Armor All, Walt Disney Studios, Paramount Pictures, Porsche Design, Adidas, and A&W Restaurants.

Later, Chickering founded the Cotton Buds Company and American Enviro Products, which were known for manufacturing and selling cotton swabs and biodegradable, disposable diapers, respectively. He later sold both firms.

He has a master’s degree in business administration from Michigan State University.

ABOUT DR. M.H. ELOVITZ Dr. Elovitz is recognized for his insights into and assessments of world affairs. In addition to serving as director of the Centre for Strategic Geopolitics, a world affairs think tank, he has also been a law professor, litigator, U.S. government adviser, and U.S. Air Force officer. A Phi Beta Kappa scholar from New York University, he has earned four post-graduate degrees and has published hundreds of articles addressing a wide range of subjects, including legal liability, biomedical ethics, American public policy, world affairs, and international geopolitics.

Dr. Elovitz has lived in the Mideast and Europe and regularly visits Muslim countries, as well as South Asian nations. He served in Washington during the Carter and Reagan administrations and has testified before the U.S. Congress’ Committee on Foreign Affairs. Dr. Elovitz has also participated in the U.S. Naval War College’s Current Strategy Forum.

Bob Chickering

Dr. M.H. Elovitz

ORSER SPEAKERS SHARE KNOWLEDGE AND EXPERIENCES David B. Orser believed that his education at the MSU College of Business, now JJCBE, was further enhanced by the information he received and the connections he made when his professors would invite guest speakers to the classroom. Orser funded The Orser Executive Speakers Forum to provide this experience for future business students. Through this program, JJCBE students have access to a wide range of successful, inspiring business executive speakers who motivate our students to pursue careers as innovative, responsible, and ethical business leaders. This year, the range of business related experiences between the two Orser speakers was diverse and provided JJCBE students with insight into becoming well-rounded future business leaders.

Spring Orser speaker, ROBERT “BOB” CHICKERING, presented “From Academics to a Real Business” on April 16, 2013 in the Procrastinator Theater.

He began his talk by sharing an entrepreneurial philosophy that he believes has held true since the 1800s—all truth passes through three stages: ridicule, opposition, and acceptance. Chickering said he went through these steps himself while pursuing entrepreneurial endeavors and students will face these challenges when they go out into the business world with a new idea, too. He touched upon the importance of ethics, being involved in a business at all levels, and how entrepreneurship is really a process—that you have to lay the process out in front of you so that it all makes sense.

DR. M. H. ELOVITZ , the fall Orser speaker, presented “What’s Really Going on in the Mideast” on October 10, 2013 in Leon Johnson 339. Globalization and a global consciousness affects all business; understanding it’s impact is critical for future business leaders. Dr. Elovitz’s presentation helped the audience better understand a very chaotic region of the world and the politics and disparities that contribute to its unrest.

With his extensive background, Dr. Elovitz defined what countries are considered to be in the Arab Mid-East. He then shared with the audience how there is a superficial uniformity associated with the area, but that in truth there is major fragmentation amongst the different countries which greatly affects business and the global economy. There are twenty-six Arabic dialects; Libya alone has four major tribes. This region’s biggest disparities can be found in the literacy rate, the average household income, and even the average age. There is a 37 point difference between Qatar (96%) and Yemen’s (59%) literacy; Qatar’s average income is at $88K, while Yemen is at $2.5K; and the average world age is 28, but the average age in Egypt is 24, and Yemen’s average age is 15. All of these factors contribute to the unrest in that part of the world and ripples out to affect all other countries in the world, including the U.S. For more information about the forum, please contact Audrey Capp at 406994-7026 or audrey.lee@montana.edu.

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ACCOUNTING PROFESSOR EARNS PRESTIGIOUS LYBRAND AWARD DR. BONITA PETERSON KRAMER, professor of accounting, was notified in May 2013 that her manuscript, “False Profits, True Crime: The Ponzi Scheme and It’s Apparent Prevalence During Hard Economic Times,” published in the May 2012 issue of Strategic Finance, was selected as one of the best articles of the year, earning a Lybrand Certificate of Merit. The manuscript was co-authored with Dr. Tom Buckhoff, a professor of forensic accounting at Georgia Southern University.

The Lybrand Awards are given annually by the Institute of Management Accountants (IMA). Each year, the IMA awards a Lybrand Gold, Silver, and Bronze Medal to the top three articles published for that year in two of their journals: Strategic Finance and Management Accounting Quarterly.

The remaining top articles receive a Certificate of Merit for “excellence in contributing to the literature for the advancement of management accounting and financial management,” roughly a dozen manuscripts. More than 100 manuscripts are eligible for these awards.

Dr. Bonita Peterson Kramer

Kramer was thrilled to learn her manuscript had earned an award. “I am honored to receive this recognition of my work by my peers. I love to write and to try to educate accounting professionals through my articles.

Between that and teaching students, sometimes I think I have just about the best job in the world!”

As one of the top researchers for the JJCBE, Kramer has earned three Certificates of Merit in the past (2004, 2005, 2009) and two Bronze Medals (1998, 2006).

All article submissions are doubleblind peer reviewed, and the reviewers on the editorial board use a point system for various criteria to judge article submissions. Each article is reviewed by three members of the editorial board. The point totals are calculated for all published articles in the IMA’s two journals and the top 12-15 articles are then given to a Lybrand Awards Committee to judge which articles are the top three.

For more information about faculty achievements, please see: http://www.montana.edu/cob/ bracken/faculty.htm

“

I am honored to receive this recognition of my work by my peers.

I love to write and to try to educate accounting professionals through my articles. Between that and teaching students, sometimes I think I have just about the best job in the world!”

– DR. BONITA PETERSON KRAMER, PROFESSOR OF ACCOUNTING

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FACULTY AND PROGRAMS

FACULTY UPDATES TIM ALZHEIMER, M.S., associate teaching professor of finance, has coordinated and administered two business simulations yearly for the past 15 years in more than 80 junior high and high schools across the state for Tim Alzheimer the Montana Council on Economic Education, reaching more than 2,500 students per year. He currently serves as the chairman of the board of the Montana Community Finance Board (MCFC). MCFC is a non-profit organization, headquartered in Helena, that works with commercial banks and small businesses across Montana in using the Small Business Administration loan guarantee program to finance real estate and equipment acquisitions and expansions.

C. GRAHAM AUSTIN, Ph.D., assistant professor of marketing, co-authored a book chapter titled “Using Social Media to Cultivate Positive Community Norms,” with Jeff Linkenbach, Sarah Keller, and Jay Otto in Organizations and Social Dr. C. Graham Austin Networking: Utilizing Social CRM to Engage Consumers, Eldon Y. Li, Stanley Loh, Cain Evans, and Fabiana Lorenzi, Eds. Austin’s video documentary, “The Runners’ (R)evolution,” was an official selection for the 2013 Association for Consumer Research North American Film Festival, which premiered in Chicago, October 5, 2013.

Austin presented “How to Respond to Environmental Change: A Nonprofit Arts Organization’s Survival Guide” with co-author VIRGINIA K. BRATTON at the Western Academy of Management Meeting in Santa Fe, NM in March, and “Lifestyle Brands: The Elephant in the Room,” co-authored with Gerry Matos, at the Association for Consumer Research North America annual conference in Chicago in October. “Apps, Goals, and Motivational Effects,” co-authored with AGNIESZKA BIELINSKAKWAPISZ has been submitted to the American Marketing Association 2014 Marketing and Public Policy conference, and is under review. Austin also submitted a technical report to the National Park Service titled “Branding of an Ecosystem-Wide Bear Safety Message” in February.

In 2013, Austin served as the chair of the MSU Women’s Faculty Caucus, was a member and a part of the Award Committee for the President’s Commission on the Status of University Women, and participated in the faculty focus

group on the topic of Performance Funding in the Montana University System. Austin was also an ADVANCE Project TRACS Internal Implementation team member, a member of the JJCBE Academic Programs Committee, and the chair of the JJCBE Scholarship Committee. She was also an early career faculty mentor in the Center for Faculty Excellence, and was a guest presenter at the W2: The Women to Women Conference, in May 2013, with her session “Creating a Powerful Marketing Plan for Today’s Business.”

VIRGINIA BRATTON, Ph.D., assistant professor of management, published “To Cheat or Not to Cheat?: The Role of Personality in Academic and Business Ethics,” co-authored with C. Strittmatter, in Ethics and Behavior, 23(6), 427-444.

Dr. Virginia Bratton “Plagiarism Awareness Among Students: Assessing Integration of Ethics Theory into Library Instruction,” also co-authored with C. Strittmatter, has been accepted for publication in College & Research Libraries. She also presented “To Cheat or Not to Cheat:? The Role of Personality in Academic and Business Ethics,” and “How to Respond to Environmental Change: A Nonprofit Arts Organization’s Survival Guide,” co-authored with C. GRAHAM AUSTIN at the 2013 Western Academy of Management Conference in Santa Fe, NM.

Dr. Harry C. Benham

HARRY C. BENHAM, Ph.D., interim associate dean for administration and finance, published “Software Applications Course as an Early Indicator of Academic Performance” with F. WILLIAM BROWN and AGNIESZKA BIELINSKA- KWAPISZ in the Research in Higher Education Journal.

RICHARD EARL BROOME, instructor of management, presented “Ethical Business Leadership” to the inaugural class of REAL (Resource Education and Agricultural Leadership) Montana, a two-year program focused on building a network of informed Richard Earl Broome

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and engaged leaders to advance agricultural and natural industries in Montana. This class was sponsored by the Montana State University Extension. Broome also participated in a panel discussion on “How Ethical and Industry Challenges Define Leadership Style” in which he was joined by Dean Folkvord, CEO, Wheat Montana, and Jill Martz, Interim MSU Director of Extension.

Load in Online Security Training to Promote Secure Behavior,” co-authored with Alexandra Durcikova and Jeffrey L. Jenkins in the Journal of Organizational and End User Computing, 25(3), 52-66; and “The Effect of Embodied Agents on Users’ Behavior,” co-authored with Richard G. Brody and Matthew D. Pickard in Insights to a Changing World Journal, 2013(1), 53-69.

F. WILLIAM BROWN, Ph.D., professor of management, published “Differential Gender Performance on the Major Field Test—Business” with AGNIESZKA BIELINSKAKWAPISZ in the Journal of Education for Business, and “Software Applications Course Dr. F. William Brown as an Early Indicator of Academic Performance” with HARRY C. BENHAM and AGNIESZKA BIELINSKA- KWAPISZ in the Research in Higher Education Journal.

Burns also presented a conference proceeding, “What Kind of Interventions Can Help Users from Falling for Phishing Attempts: A Research Proposal for Examining Stage-Appropriate Interventions” with co-authors Alexandra Durcikova and Jeffrey L. Jenkins at the Hawaii International Conference on Computer and Systems Science (HICSS) in Maui, HI from January 7-10. Burns presented “Using Eye-Tracking to Compare Pattern Recognition Approaches in Auditor Risk Assessments,” with co-authors Pamela Z. Jackson and Kevin C. Moffitt for the Emerging and Innovative Research Project Track at the AAA Annual Meeting in Anaheim, CA from August 3-7. She also served as an ad-hoc reviewer at the International Conference on Information Systems (ICIS) conference and the Dewald Roode Workshop on Information Systems Security Research.

SCOTT BRYANT, Ph.D., associate professor of management, published “Sub-National Institutions, Export Strategy, and Firm Performance: A Multilevel Study of Private Manufacturing Firms in Vietnam,” with Dr. Scott Bryant co-authors Thang Nguyen and Ngoc Le Bich, in the Journal of World Business, 48, 68-76. He presented “Towards a Conceptual Managing Organizational Knowledge in Emerging Economies,” co-authored with Thang Nguyen at the Knowledge Management in Transition Economy of Vietnam Conference at the National Economics University in Hanoi, Vietnam in August. He also presented “An Empirical Study of Emotional Intelligence, Stress, and Gender in College Students,” with co-authors Tim Lolatte and Tim Malone at the Association for Marketing and Health Care Research conference in Big Sky, MT in February 2013.

MARY B. BURNS, Ph.D., assistant professor of accounting, had three journal publications: “A Theoretical Justification of Embodied Conversational Agents (ECAs) to Augment AccountingRelated Interviewing Processes,” Dr. Mary Burns co-authored with Kevin C. Moffitt and Matthew D. Pickard in the Journal of Information Systems, 27(2), 159176; “Simplicity is Bliss: Controlling Extraneous Cognitive

GARY CATON, Ph.D., associate professor of finance, is working on a new manuscript tentatively titled, “The Interaction Effects of CEO Power, Social Connections, and Incentive Compensation on Firm Value” with co-author, Dr. Gary Caton Jeremy Goh, from Singapore Management University. He was granted sabbatical, to work full-time during the 2015 spring semester on several projects related to corporate governance. Caton will spend around two months working closely with Jeremy Goh in Singapore.

In January, Caton organized and led a group of 17 MSU students on a trip to New York City. Please see page 43 for the full story.

ANNE CHRISTENSEN, Ph.D., professor of accounting, was part of a panel session, “Professionalism and Participation in the Volunteer Income Tax Assistance Program (VITA),” and presented on the MSU VITA program Dr. Anne Christensen with ANGELA WOODLAND at the American Accounting Association (AAA) Western Region Meeting in San Francisco, CA in April. Christensen and ANGELA

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FACULTY AND PROGRAMS

FACULTY UPDATES, cont.

WOODLAND published, “Tax Rates and Jobs,” in Tax Notes. In addition, Christensen was honored with the Ray M. Sommerfeld Outstanding Tax Educator Award (please see story on page 28). As part of this award, one MSU accounting student will receive a $5,000 scholarship funded by Earnest & Young for the 2014-2015 academic year. Christensen was also the recipient of a Chamber of Commerce/Alumni Award for Excellence and the Beta Gamma Sigma, Professor of the Year Award. She continues to serve on the Board of Directors for the American Accounting Association.

Dr. Susan Dana

SUSAN DANA, J.D., associate dean for academic affairs, currently serves as the board chair for the Bozeman Summit School (2013-2014), and has been a board member since 2009. She recently completed eight years of service as a board member for the Federal Defenders of Montana.

CRAIG EHLERT, M.A., teaching professor of management, served as a final round judge for the American Society for Quality’s International Team Excellence Award and as an examiner for the Malcolm Baldrige National Award for Excellence. He made Craig Ehlert two presentations to community members concerning the Baldrige program and quality management at the North County Roundtable in June and the Montana Small Business Development Council in October. Ehlert is the director of the Family Business Program. See page 50 for information on the program.

EDWARD GAMBLE, Ph.D., assistant professor of accounting, had “Unpacking Not for Profit Performance,” with co-author P. Moroz, accepted for publication in the Journal of Social Entrepreneurship and “Learning Dr. Edward Gamble About Evidence-Based Management Throughout Case Competitions,” with coauthor B. Jelley, conditionally accepted for publication in the Academy of Management Learning and Education.

MIKE GOLD, B.Sc., assistant teaching professor of marketing, presented “Branding Your Research Park” at the Association of University Research Parks (AURP) this September, in Philadelphia.

Mike Gold

NATHAN JEPPSON, Ph.D., assistant professor of accounting, presented “Innovation Focused Strategy and Earnings Management” at the American Accounting Association (AAA) Midwest Region Meeting in Chicago, in October. He Dr. Nathan Jeppson published “Earnings Forecast Optimism for U.S. vs. Non-U.S. Firms,” with co-author David Salerno, in the International Business & Economics Research Journal, 12(11), 1491-1502.

CHRISTIE JOHNSON, associate professor of accounting, was part of a panel session, “Stepping Up Your Students’ Professionalism,” and presented on the MPAc Professionalism Workshop at the American Accounting Association (AAA) Christie Johnson Western Region Meeting in San Francisco, CA in April 2013. She also presented two Effective Learning Strategy (ELS) poster sessions (refereed acceptances): “Low Stakes Writing + Career Exploration = Success” and “So You Want to be an Accounting Professional?” at both the AAA Western Region Meeting and the Annual Meeting in Anaheim, CA in August.

BONITA PETERSON KRAMER, Ph.D., professor of accounting, presented “An Examination of Domestic and International Forensic Accounting Education, with a Comparison to the National Institute of Justice Model Curriculum for Fraud Dr. Bonita Peterson Kramer and Forensic Accounting,” with M. Seda and G. Bobashev, at the 7th Annual Fraud and Forensic Accounting Education Conference in Atlanta,

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GA. She served on the American Accounting Association (AAA) Forensic and Investigative Awards Committee and was an ad hoc reviewer for both the Global Perspectives on Accounting Education and Journal of Forensic & Investigative Accounting. Kramer has also served on the editorial review board for the Journal of Forensic Studies in Accounting and Business since the journal’s inception in 2008. Kramer is the College’s Scott and Barbara Heck Scholar for 2013.

Kramer also published "Advancing Your Business with an Effective Internal Audit Department" with co-author H.D. Pforisch in Effective Auditing for Corporates: Key Developments in Practice and Procedures, Bloomsbury Publishing Ltd., London, UK; Oringel, Joe, editor (2013), p. 69-86. According to the “Ranking North American accounting scholars publishing accounting education papers: 1966-2011,” by K. Zamojcin and R. Bernardi, Journal of Accounting Education, (2013), 194-212, Kramer was ranked #1 in productivity as an accounting education author for her 1994 Ph.D./DBA graduation year. For the 46-year period the authors gathered data (1966-2011), the top-50 accounting education authors were ranked by number of articles appearing in the top accounting education journals; Kramer is ranked #24. Per the authors, “This study provides comprehensive rankings that provide recognition for authors in accounting education. The data in this study provide others with a fuller appreciation of the publication productivity in accounting education of individual authors.”

AGNIESZKA BIELINSKAKWAPISZ, Ph.D., assistant professor of management, published two papers: “Differential Gender Performance on the Major Field Test—Business” with F. WILLIAM BROWN in the Dr. Agnieszka BielinskaJournal of Education for Business Kwapisz and “Software Applications Course as an Early Indicator of Academic Performance” with HARRY C. BENHAM and F. WILLIAM BROWN in the Research in Higher Education Journal. Bielinska-Kwapisz became a member of the editorial advisory board for the Journal of Management and Finance in Poland, and she received her Six Sigma Black Belt Certification in Quality Management. “Apps, Goals, and Motivational Effects,” coauthored with C. GRAHAM AUSTIN has been submitted to the American Marketing Association 2014 Marketing and Public Policy conference, and is under review.

JAMES LIN, Ph.D., professor of finance, had two papers accepted for publication in 2013: “Are Stock Market Bubbles Detectable? Analysis of Roaring 20’s and Exuberant 90’s,” with co-author An-Sing Chen in Advances in Investment and Dr. James Lin Portfolio Management and “The Relation Between Gold Stocks: An Analysis of Severe Bear Markets,” also with An-Sing Chen in Applied Economics Letters.

JAMES L. OAKLEY, Ph.D., associate professor of marketing, had two articles published: “The Politics and Strategy of Industry Self-Regulation: The Pharmaceutical Industry’s Principles For Ethical Directto-Consumer Advertising as a Dr. James L. Oakley Blocking Strategy,” co-authored with Denis G. Arnold, was published in the Journal of Health Politics, Policy, and Law, 38(3), 505-544 and “In Advertising, a Double Negative Does Not Equal a Positive,” co-authored with Justin W. Gressel and Donal E. Carlston, was published in the Journal of Promotion Management, 19(4), 470-487. Oakley received two awards from UNC-Charlotte: Chancellor’s Senior Survey Impact Award and the Best Paper Award from the Belk College of Business. Oakley served as the conference chairperson for the Association for Marketing & Health Care Research at Big Sky, MT in March. He was on the search committee for the MSU Vice President for Research and a member of the MSU Success, Retention & Graduation Task Force.

ANGELA WOODLAND, Ph.D., assistant professor of accounting, was part of a panel session entitled “Professionalism and Participation in the Volunteer Income Tax Assistance Program (VITA)” and presented on the MSU VITA program Dr. Angela Woodland with ANNE CHRISTENSEN at the American Accounting Association (AAA) Western Region Meeting in San Francisco, CA in April. She and Anne Christensen published, “Tax Rates and Jobs,” in Tax Notes.

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FACULTY AND PROGRAMS

HUNDREDS OF STUDENTS TAKE ADVANTAGE OF THE EXECUTIVE’S CLOSET

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STUDENTS AT TENDED THE EVENT

DONATED ITEMS INCLUDED

For three days in September, anyone walking by the Bracken Center for Undergraduate Excellence witnessed an amazing sight: a line of students extending down the hallway, patiently waiting for their turn to use the Executive’s Closet. The three Bracken Center conference rooms were chock-full of gently used business clothing and accessories, donated with the intention to help students land a job or internship.

This event, the brainchild of LINDA WARD, assistant director of the Bracken Center, is only in its third year of operation, but has proven an exceptional resource for students. As the key person overseeing JJCBE events that aid in student professional development, Ward knew there was a need for professional business attire.

With the help of faculty and business students—including many business club leaders and members—Ward and her team collected clothing throughout the year. They spent the days leading up to the event setting up the rooms: sorting, organizing, and sizing the clothing. Professors lent their offices to be used as dressing rooms and faculty took turns being professional fashion gurus by helping students pick out appropriate attire, showing them how to tie ties, and making sure that shirts and suits were fitted properly.

Racks of skirts, pants, suit jackets, shirts, and ties, as well as shoes, briefcases, belts, and scarves, awaited this year’s Executive’s Closet participants. A record 680 students attended the event, more than doubling prior years’ attendance.

The need for men’s jackets and dress shirts was apparent. Before the three days were up, the racks had been picked almost clean. With button-down dress shirts retailing for more than $25 each and a suit jacket anywhere from $50 to $200, Ward has created a win-win situation. Retired business professionals can donate clothing that are taking up room in their closets and know that their donations are going toward a good cause. Students were extremely grateful for the assistance.

Matt Asaro, a junior in the management option, was one of many students taking advantage of the Executive’s Closet: “I entered in search of a jacket, shirt, and perhaps a few more ties. These were simply the things that my wardrobe was lacking. I was very pleased to find everything I had sought after, in a very timely manner, for nothing more than the cost of my time.”

Taylor Jackson, a senior in finance, described the Executive’s Closet as playing a key role in the culture of professionalism around the JJCBE, and many

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other colleges at MSU, as well: “I can’t believe I’ve heard about the Closet for three years before finally going to see what it was all about. I came away from the Closet with a few new ties and a great deal of advice on how to tie and successfully match colors from a few kind students in the Closet.”

Jackson added, “Professional dress clothes can be quite expensive and for most college students, money is generally in low supply. Any way to save money is greatly appreciated. It is also stressful to try and scrape together an outfit with limited clothing, and equally stressful to try and put together an outfit with little knowledge on dress etiquette. The volunteers at the Closet and the JJCBE faculty have helped me learn the ins and outs of wearing a suit and tie.”

The Executive’s Closet serves as one example of the JJCBE’s commitment to help prepare students become successful business professionals. Dressing the part helps students build confidence, gives them a better sense of what it means to dress professionally, creates a positive impression during interviews and recruiting events, and eases the financial burden of purchasing business clothing.

The event also creates a positive feeling for donors, who take pleasure in knowing that their donated clothing is being put to good use. Students recognize that the faculty and staff in the JJCBE really care about them by putting forth extra effort to organize such an event.

For more information, or to donate gently used business clothing to the Executive’s Closet program in the JJCBE, e-mail Linda Ward at: lward@montana.edu.

Lauren Smith left with a business outfit from the Closet

Dressing the part helps students build confidence, gives them a better sense of what it means to dress professionally, creates a positive impression during interviews and recruiting events, and eases the financial burden of purchasing business clothing.

Kyle Schuster and Alex Fuller checking out some suits and shirts

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FACULTY AND PROGRAMS BLACKSTONE LAUNCHPAD IS NOW OPEN FOR BUSINESS The grand opening for MSU’s new Blackstone LaunchPad was held on Friday, November 22 in its new home next to the Union Market on the second floor of the Strand Union Building. The ribbon-cutting event was held at 12:30 p.m. and included several speakers: Montana Commissioner of Higher Education Clayton Christian, MSU President Waded Cruzado, Blackstone Advisory Partners’ Managing Director Patrick Schumacher, JJCBE alumnus and entrepreneur, Ryan Rickert, and representatives from Montana’s congressional delegation.

The Blackstone LaunchPad is a collaboration of the Blackstone Charitable Foundation, MSU, the University of Montana, and Headwaters RC&D (Resource, Conservation, and Development). The program, intended to train the region’s next generation of entrepreneurs, is made possible by a three-year, $2 million grant from the Blackstone Charitable Foundation.

Both MSU students and alumni will be able to use the LaunchPad to vet and develop ideas and receive venture coaching from staff and trained volunteers. Students and alumni will also be able to utilize the Blackstone network to draw upon the expertise of venture coaches located across the nation.

Blackstone LaunchPad is designed to foster connections between the university campus, business

Marketing students Scott Kundert (far left) and Shaheen Karimian (far right), talk to Rob Irizarry, Director of the MSU Blackstone LaunchPad

community, and local entrepreneurs to create an environment that nurtures young entrepreneurs and provides them the skills and network necessary to succeed.

ROB IRIZARRY, an entrepreneur and founder of StartupBozeman.com (see page 42 for more information about Irizarry), has been selected to be the director of the Blackstone LaunchPad at MSU. Irizarry and other Blackstone LaunchPad staff will interact with MSU students and alumni and help guide them as they develop their ideas into entrepreneurial opportunities.

Irizarry will also work closely with Pamela Haxby Cote, regional director of the Blackstone LaunchPad, as well as staff from the University of Miami, where a program developed in 2008 became the model for the Blackstone LaunchPad. “We are at a unique point in history where entrepreneurship has become a more accessible and viable career path than ever before,” Irizarry said. “I’m thrilled to join the LaunchPad program. By leveraging existing processes and collaborating with the MSU Leadership team to make this program accessible to the entire student population, we have the opportunity to significantly grow the number of students who pursue entrepreneurship. Companies will be built and jobs will be created as a result.”

Blackstone LaunchPad is modeled after a successful program developed at the University of Miami in 2008, which has generated 1,633 business proposals, 324 new jobs, and drawn nearly 2,938 participants. Each new regional program is linked together, drawing ideas and best practices from the existing programs, giving student entrepreneurs access to a national community of over 200,000 of their peers across nine affiliated campuses and expert advisers for their ventures.

For more information, see: www.facebook.com/MSULaunchPad.

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Business students in front of the New York Stock Exchange

THE NEW YORK CITY EXPERIENCE: STUDENTS VISIT WALL STREET Since 2009, JJCBE finance students have been traveling to New York City (NYC) every other year to experience Wall Street by visiting the country’s largest and most important financial institutions. This past year 16 students, along with professors, DR. GARY CATON and DR. GREG DURHAM, spent three days in the Big Apple.

Gary Caton, the Finance Club advisor, brought this opportunity to life and he had high hopes that the trip would give the students the chance to see, hear, and experience what it could be like to work in America’s financial capitol. Each trip includes visits to major financial institutions and the opportunity to meet top executives, many of which are affiliated with the JJCBE, as well as historic sites and events that bring the big city to life.

This year the students visited Morgan Stanley, NASDAQ, New York Stock Exchange, New York Federal Reserve Bank, Fortress Financial Group, Citigroup, and Nikko Securities.

This trip is eye opening for many of the students and provides an extremely influential networking opportunity for them. Students are able to see employment possibilities for themselves outside of Montana. Brad Penoyer, who graduated this spring, attributes a successful job offer to the fact that he was on the most recent NYC trip.

He has taken a position in NYC as an equity analyst with Fortress Investment Group. “I probably wouldn’t have a job without that [NYC trip],” he said.

Of course, landing this position took much more than the NYC trip.

Penoyer had excellent grades while at MSU, where he double majored in business, with an emphasis in finance, and economics. He was very engaged in the JJCBE by participating in internships and was one of three students who took first place in the CFA Research Challenge in Spokane this year. You can read about this competition on page 12.

As Professor Caton noted, “The New York trip is a transformational experience for many reasons. The students engage with some of the top finance professionals in the world. They visit cultural icons like the Metropolitan Museum of Art and Central Park, and can catch a show on Broadway, which is just around the corner from our hotel. They can experience any type of cuisine the world has to offer, or they can venture out to Coney Island, China Town, Little Italy, Brooklyn, or Harlem.

Finally, they become experts at riding the New York subway system, which is our exclusive mode of transportation while in the city.”

The College encourages students to be engaged in their learning to better prepare for their future through these types of experiences, which are facilitated through the JJCBE faculty and student organizations.

Please contact Gary Caton, gary. caton@montana.edu, for more information.

On the floor of the New York Stock Exchange

This trip is eye opening for many of the students and provides an extremely influential networking opportunity for them. Students are able to see employment possibilities for themselves outside of Montana.

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COMMUNITY

INVOLVEMENT

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TEAM SERVICE PROJECTS PROVIDE COMMUNITY ENGAGEMENT OPPORTUNITIES Students who enroll in BGEN 194, the freshman seminar offered fall semester through the JJCBE, work on a community service project with a local nonprofit organization as part of the course curriculum. BGEN 194 classes are small, with enrollments ranging from 18 to 20 students, which allows for many opportunities for students to discuss, debate, research, write, and give formal presentations.

At the beginning of the semester, students form teams and select a local nonprofit organization for their community service project from a list of 20 such organizations. Through this volunteer opportunity, students learn what it’s like to volunteer as part of a team; begin to understand what they contribute to their teams, the nonprofit organization, and the greater community; and identify ways in which businesses can behave in socially responsible ways or can successfully partner with organizations that do.

“With 330 students enrolled in BGEN 194 each fall semester, we have roughly 90 teams working with local nonprofits, which is very exciting,” said TERRY PROFOTA, the course’s lead instructor and associate teaching professor in management.

“Each team usually has four students and donates four hours total to their selected organization. That represents approximately 1,400 hours of volunteer work that BGEN 194 students donate to the local community every fall.”

In fall 2013, BGEN 194 students donated team hours to more than 30 local nonprofits including the Bozeman Library Foundation; Adopt A Sox, which ships holiday care packages to Montana troops stationed abroad; and Heart of the Valley.

Two student teams worked with the Bozeman Library Foundation to “transform the Library into a theater for a staged reading, which was very popular at standing room only,”

according to Paula Beswick, director of the Bozeman Library Foundation.

“Students who volunteered for us last fall on this project were really great,” said Beswick. “They were polite, funny, eager to do whatever was asked, and even stayed late to get the work done. I was very impressed with them and thankful for the opportunity to partner with the BGEN 194 classes.”

Once students complete their volunteer hours, they give a presentation to their classmates in which they describe the services their nonprofit organization provides and the scope of their team’s volunteer efforts. Team presentations focus on different aspects of the experience including what students learned volunteering as a team, ways in which nonprofits could encourage more volunteerism, and how volunteering strengthens a community.

“Many of the local nonprofit organizations we have worked with over the past few years are now creating projects for our BGEN 194 students,” said Profota. “This allows the nonprofits to create meaningful volunteer projects that benefit both their organizations and our students.”

This first community engagement experience through BGEN 194, is just the beginning for business students. The JJCBE curriculum provides numerous opportunities for students to work with other businesses—ranging from startups to high technology companies to service organizations who operate locally, nationally, and internationally.

These two-way opportunities to engage with the business community allow students to serve as consultants, researchers, and collaborators while examining real-world business situations. Students learn from their clients and also offer clients their fresh ideas and solutions, while experiencing how business theories actually apply to these situations.

From top: Bozeman Library Foundation, Adopt A Sox, and Heart of the Valley

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COMMUNITY INVOLVEMENT

STUDENT SHARES EXPERIENCES FROM ALASKA VITA TRIP Some JJCBE accounting students have had the unique opportunity to travel to remote areas of Alaska as a part of the Internal Revenue Service’s Volunteer Income Tax Assistance (VITA). Since 2008, anywhere from four to six students have spent Spring Break volunteering in rural Alaska. LISA BLANKENSHIP, KELLI GOODY, HAAKON JOHNSON, HEATHER MORRISON, PRIYA PARMESHWARAN, and RENEE WATERLAND were the six students who took advantage of this opportunity in 2013.

We asked Goody to share her experiences on this trip with us. She is currently in the Master of Professional Accountancy (MPAc) program.

How did you hear about MSU and why did you choose business?

I was born and raised in Montana, but I decided to come to MSU after attending the University of Montana my freshman year. I was majoring in pharmacy and decided to move to Bozeman for the summer to work at a pharmacy. I spent the summer in Bozeman and decided to transfer to MSU because I loved the town. I studied pharmacy for a year in Bozeman and realized that my favorite part about working at the pharmacy was interacting with people and learning how the business was run. I decided to transfer into business, and after taking Dr. Marc Guillian’s ACTG 201 class, I changed my major to accounting. I graduated last year with my degree in accounting and entered into the MPAc program this fall.

From top: Kelli Goody and Renee Waterland

How did you hear about the VITA program in Alaska and why were you interested in participating?

I heard about the Alaska VITA program in Dr. Anne Christensen’s Introduction to Tax class. I wanted to participate in the program because I was interested in furthering my tax knowledge and I enjoy volunteering and helping people. I have never been to Alaska and I’m always ready to experience a new adventure.

Please tell us about your experiences on this journey to Alaska.

The first day of Spring Break, I departed from Helena and flew all night to Anchorage. We arrived at approximately 2:00 a.m. and were shuttled to our hotel to get a few hours of rest. We were woken up early the next morning and were taken to the campus in Anchorage to complete our tax training and pick up our laptops.

The following morning we packed all of our things and took a flight from Anchorage to Bethel. Upon arriving in Bethel, we learned that our luggage had gotten lost, which contained some of our food, water, and a sleeping bag. Since we had some food and water and only one sleeping bag was missing, the directors decided we were to carry on with our next flight and they would get us our bags as soon as they could.

We were then taken to a very small airport where we bundled up in our warmest clothes and boarded a small five-person plane that took us to Tunanuk, which is located in western Alaska on the Bering Sea. The landing [strip] was covered in snow and the villagers greeted us on three snowmobiles. After taking a snowmobile to where we would be staying, we learned that we would be sleeping in a garage, which was a bit of a shock.

We immediately set up tables and our laptops and began doing tax returns until 11:00 p.m. that night. The next morning we were woken up at 8:00 a.m. and filed tax returns all day until 12:00 a.m. with little breaks. The next day we were able to visit the school where we ate lunch with the kids and showered. Little did we know that this would be the last shower or cooked meal that any of us would have for the rest of the trip!

The next morning we were woken up at 6:00 a.m. because we were travelling to a new village, Toksook Bay. This time our ride was [on] three snowmobiles with large sleds on the back, and since there were four of us, I had to ride behind the snowmobile in one of the sleds across the snowy tundra. The ride took approximately a half an hour and when we finally arrived, we learned we would be staying

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in the Bingo Hall. This village was larger, so we didn’t do as many tax returns because some of the residents had used Turbo Tax. Luckily, this allowed us to explore the community more and meet some of the people.

Some of the local kids took us around the town and introduced us to their grandparents. We also played games with the younger kids and the older kids stayed until curfew, telling us about their lives in the village, which was very eye opening.

On the last day, we woke up and only did a few tax returns and then we were able to visit the school there and use their Wi-Fi. Later that day, the kids that we had met the night before picked us up on their four-wheelers and took us to the Bering Sea, where we ice fished with them and an elder. I caught two Tom Cod, and it was the coldest I have ever been in my life. That was the last day of our adventures because, unfortunately, we were pulled out of the village a day early due to bad weather. We stayed our last night in Bethel at a nursing home, and we were lucky enough to meet the maintenance man who gave us a tour of Bethel and took us to the local craft fair. The next day we flew back to Anchorage and took a red-eye flight back to Montana.

How many tax returns did you end up preparing during your trip?

I personally ended up doing 70-80 returns. [The six students filed more than 400 tax returns.]

not only give us first-hand experience in performing actual tax returns, but it also gives us experience in understanding and learning about different cultures. I feel that this experience has not only made me a well-rounded student, but it has given me the technical and soft skills I will need in my future career.

What did you learn (or experience) that you feel will help you with your future career in accounting?

I learned that I could do taxes virtually anywhere and also the importance of teamwork. I was with two other students, and if we had any tax questions, the only reference material we had were the books we brought and our own personal knowledge from the training. The tax returns we completed were mainly for sole proprietors and commercial fisherman, which none of us had experience doing prior to this trip. We didn’t have access to the Internet and if we had a question we couldn’t raise our hands to have the teacher come and help us. This experience not only enhanced my problem-solving skills, but it helped us grow together as team in a stressful situation.

“

We didn’t have access to the Internet and if we had a question we couldn’t raise our hands to have the teacher come and help us. This experience not only enhanced my problemsolving skills, but it helped us grow together as team in a stressful situation.”

For more information about the VITA program, please see: http:// www.montana.edu/cob/Accounting/ vita.html.

What were your most memorable experiences from the trip?

My most memorable experiences were spending time with the kids and learning about how different their lives are from ours. I enjoyed doing complex tax returns in a realistic setting and advancing my tax knowledge overall.

Why are these types of experiences important as a student at the JJCBE? These types of experiences are important as a student because they Kelli Goody (second from left) with her volunteer cohorts.

– K E L L I G O O DY, STUDENT IN THE MASTER OF PROFESSIONAL ACCOUNTANCY PROGR AM

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COMMUNITY INVOLVEMENT BUSINESS SCHOOL HOSTS ENTREPRENEUR DAY FOR AREA HIGH SCHOOL STUDENTS

A crowd of nearly 300 high school students from around Montana, dressed in their best business attire, crowded outside the MSU SUB Ballrooms the morning of Oct. 8, to attend the JJCBE Entrepreneur Day. The event included workshops with JJCBE faculty and students, a campus tour, and a keynote address by the founder of the outdoor “lifestyle” company fourOsix. “We hope Entrepreneur Day inspires [students] to pursue their passions and become the leaders of tomorrow,” said one of the event organizers Audrey Capp, Director of Communications & Public Relations for JJCBE. Driven by his passions for the outdoors and inspired by his love for Keynote speaker, Alex 'Papu' Rincon, Jr. Montana, Alex ‘Papu’ Rincon, Jr. is a model entrepreneur for Montana students. Dressed in a newsboy cap and a trendy gray button-down, he recounted to event attendees his path from an aimless, outdoor enthusiast at Carroll College to his current success.

Learn as much as Since opening his store in Helena, you can before you do Rincon has been honored as a “Champion of Change” by the White it. Starting a business House and as Montana’s Young is a big question mark. Entrepreneur of the Year by the Small Business Administration.

You can reduce that U.S. However, Rincon does not seem to be question by getting the in it for the accolades, but because of love for Montana. This sentiment education.” ishisreflected by fourOsix’s slogan, “Love where you live.”

– ALEX RINCON, In college, Rincon studied busiFOUNDER OF FOUROSIX ness and graphic design, but admits he did not have a plan.

“Starting a business is a big question mark. You can reduce that question by getting the education,” said Rincon.

“Some students [attending the address] were inspired when they learned that the keynote speaker didn’t know what he wanted to do with his life during college but eventually figured it out and created a very successful business,” said Capp.

“

“Learn as much as you can before you do it,” advised Rincon, “Starting a business is a big question mark. You can reduce that question by getting the education.”

Now, with a store in Helena that doubles as a gallery and music venue, Rincon considers the business a success and has plans to grow. It is important to Rincon that fourOsix support the lifestyle and culture he enjoys. fourOsix, the company's website explains, is a “lifestyle shop that promotes art, music, style, forward thinking & Montana living” by hosting local artists, businesses, and athletes.

The business also supports Rincon’s personal lifestyle. The metaphors he uses to explain business are littered with references to deep powder turns and fly fishing. “Now I get to snowboard and call it work,” he said with a grin.

The audience responded enthusiastically to Rincon’s story, waving their hands in the air to ask a question and earn a fourOsix hat or sticker. A few students asked for Rincon’s autograph as he lingered after the speech.

Entrepreneur Day included group workshops such as role-playing business scenarios facilitated and critiqued

by JJCBE faculty and students. “These workshops help students see that they have great ideas and that their ideas can make a difference in business applications,” said Capp. “[The JJCBE tends] to see entrepreneurship as a way of thinking and acting,” she said. “We want our students to be able to identify potential opportunities, have the skills and knowledge to grasp them, and turn that potential into something unique and useful.”

This year marked the 10th Entrepreneur Day at MSU. The event is supported in part by the Boeing Company.

Written by Mary Grandy for the MSU Exponent

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SNOW MELTS AWAY FOR CHILLY, BUT FUN, GOLF TOURNAMENT For the first time in many years, the prospect of cancelling the annual golf tournament seemed like a possibility. Luckily, the snow that had fallen overnight melted before a noon shotgun to allow the golfers to continue the tradition.

Twenty-five teams hit the green for this year’s Classic Open Benefit Golf Tournament on Friday, October 4 at the Riverside Country Club, in Bozeman.

More than 100 people were involved in the tournament with golfers and volunteers representing accounting firms, banks, consulting, construction, insurance, and other many other industries. Students from the Finance Club staffed the Betting Hole, with the club receiving half of the monies earned.

As in years past, the tournament began with a shotgun start and ended with players enjoying hors d’oeuvres before the winning teams and the top bids for the auction items were announced. The silent auction packages were bid on throughout the tournament, with those profits specifically going towards the Friends of the Classic Open Golf Tournament Scholarship. Scholarships raised from this tournament will be awarded in the spring for the 2014-2015 academic year. Last year’s recipients were Emily Allen and Heather Ridley.

Members of past winning teams anxiously awaited final scores to be posted.

Some golfers from the 2010 winning team reclaimed victory with the lowest gross score. The team, sponsored by Dotty’s, consisted of Mike Eide, Scott Eide, Dusty Fasbender, and Adam Wrightson. They were awarded the prestigious traveling crystal trophy and had their names etched on the trophy’s base. Players also won prizes for longest drive, closest to the pin, and one name was drawn for the betting hole.

It is with the support of our event sponsors, players, and silent auction donors that the College is able to continue providing excellent business education. The Bacchus Pub and Rudd & Company were this year’s main sponsors. A complete listing of all donors to the Golf Tournament and other JJCBE activities can be found in the Honor Roll of Donors located on page 75.

The next tournament is tentatively scheduled for Friday, September 26, 2014.

Please contact Audrey Capp at audrey.lee@montana.edu for more information, or see the JJCBE website at www.montana.edu/cob.

GROSS 1ST PLACE: Mike Eide, Scott Eide, Dusty Fasbender, and Adam Wrightson (Dottys) GROSS 2ND PLACE: Steve Dailey, Bryan Hall, Paul Pahut, and Brent Zanto (Stockman Bank) GROSS 3RD PLACE: Andy Babcock, Randy Broadbent, Brian Thomas, and Travis Tuss (Zoot Enterprises) NET 1ST PLACE: Ben Goodhard, Pat Haggerty, Ryan Rickert, and Mark Winslow (Clean Slate Group) NET 2ND PLACE: Christy Castronovo, James Kaiser, Lauren Patti, and Zach Schmidt (Northwestern Mutual) NET 3RD PLACE: Erin Gallinger, Lindsay Gallinger, Sean Gallinger, and Ryan Rittal LONGEST DRIVE (MEN 0-20): Dusty Fasbender LONGEST DRIVE (MEN 21+): Blake Silha LONGEST DRIVE (WOMEN 0-20): Susan Carstensen LONGEST DRIVE (WOMEN 25+): Julie Kostelecky CLOSEST TO THE PIN (MEN): Ryan Meeks CLOSEST TO THE PIN (WOMEN): Lindsay Gallinger

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COMMUNITY INVOLVEMENT RECORD NUMBER OF FAMILY BUSINESSES HONORED

Family Business Day award plaques

The awards luncheon brought participating families together to celebrate their achievements, learn from each other, and share advice.

Family businesses are integral for Montana’s economic development.

They create jobs and support vibrant communities across the state. Each year, the JJCBE State Farm Insurance Family Business Day (FBD) honors some of these innovative businesses.

This year’s awards luncheon took place on Friday, October 11 at the Holiday Inn, in Bozeman.

In its 20th year, the JJCBE and State Farm Insurance have honored more than 120 Montana family businesses, ranging in size from fewer than 10 employees to more than 50, in all types of industries. This year, a record nine family businesses were honored for their hard work and dedication to their businesses, communities, and industries. Chosen based on their commitment to customer service, family values, and their adaptability to an ever-changing business environment, this year’s winners were: Steamboat Dry Goods of Wolf Point—Very Small Business category (fewer than 10 employees)—was recognized for operating multiple businesses that service many types of customers while maintaining a family business through three generations; their extensive history of serving and supporting the extended Hi-Line community; and working to preserve wildlife and land.

Buffalo Restoration of Bozeman—Small Business category (10 to 30 employees) —was recognized for their leading edge and innovative restoration services that “Make it Feel Like Home Again,” while maintaining a family business through two generations.

Spika Welding and Manufacturing

of Lewistown—Medium Business category (30 to 50 employees)—was recognized for creating a unique, high quality, global manufacturing company in rural Montana; maintaining a family business through two generations; and founding the Central Montana Manufacturing Alliance.

Langlas and Associates of Billings and Bozeman—Large Business category (more than 50 employees)—was recognized for building a high quality commercial construction business that creates modern work and school environments for Montana communities; and maintaining a family business through two generations.

Clausen and Sons of Havre—Old Business category (more than 50 years)—was recognized for their high quality construction firm serving agricultural and commercial customers in multiple states; maintaining a family business through three generations; and supporting small communities throughout the Hi-Line region.

Tri-County Implement of Sidney—Old Business category (more than 50 years)—was recognized for their outstanding, high growth agricultural implement businesses that provide products and services that are environmentally friendly and employ cutting edge technologies; maintaining a family business through three generations; and a history of supporting economic development.

Drange Apiary of Laurel—New Business category (less than 10 years)— was recognized for creating a high quality multi-product honey business; providing beekeeping education for community members; and successfully starting up a family business and involving two generations.

Big Sky Business Journal of Billings—Special Recognition category (Business Communications)—was recognized for supporting Montana businesses the past 30 years by providing Montana’s first and longest running independent business publication; maintaining a family business through two generations; and their history of contributing to and supporting community causes and youth leadership programs.

Laundry Loops, Inc. of Bozeman—Special Recognition category (Innovation)—was recognized for

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developing, patenting, and marketing a unique product which revolutionized the group laundry industry and reduces energy usage by 50%; maintaining a family business through two generations; and a history of manufacturing high quality products that are made entirely in the United States.

All award-winning businesses have an extensive history of providing service and support for their communities and Montana.

Teresa McKnight, executive director of MSU’s Innovation Campus, in Bozeman, was the keynote speaker at the luncheon held prior to the FBD awards ceremony. McKnight’s presentation, “You Can, I Can, We Can—We’re All in This Together,” focused on the changing business environment that is shaping the global economy. McKnight discussed the results of working together in order to develop and expand business opportunities—from family-owned businesses to university-related research parks.

The awards luncheon brought participating families together to celebrate their achievements, learn from each other, and share advice. Multiple generations and many MSU alumni

attended the luncheon, as well as past FBD award winners.

The JJCBE and State Farm Insurance, in honor of Robert Jaedicke, hosted the program. Stockman Bank underwrote the awards, with additional support from the Montana Chamber of Commerce.

For more information on the FBD program, go to: http://www.montana. edu/wwwdb/FamilyBusiness/FamilyBusiness.html, or contact Phyllis Johnson at 406-994-6195 or familybusiness@montana.edu.

Top: Presenter James Kaiser and award recipient, Ben Yanker of Buffalo Restoration. Bottom: keynote speaker Teresa McKnight, MSU Innovation Campus

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COMMUNITY INVOLVEMENT BRINGING BUSINESS ASSISTANCE ACROSS THE STATE

Dr. James Oakley

In 2013, the Family Business Program deliver information that customers are On the Road brought free seminars looking for and allow them to engage to 11 cities across Montana to assist with the technology they are going to small and family businesses as a part use anyways. of the College’s outreach efforts. The Each On the Road workshop summer tour, between May and June, included local speakers and professors featured DR. JAMES OAKLEY, associate from the local university or colprofessor of marketing, who presented lege, in the city where the event was “Understanding the Future Customer” held. These speakers led discussions in the following cities: Billings, on important business topics such Bozeman, Butte, Glasgow, Great Falls, as: “Branding Your Business,” “3C’s Havre, Helena, Kalispell, Lewistown, of Counseling, Capital, and ConMiles City, and Missoula. tracting,” “Governance and SuccesOakley’s program focused on sion,” “Estate Planning for the Family the changing landscape of customer Business,” and “Using WEB Analytics interaction in the marketplace. He to Manage Your Business.” described “now” as a time of numerParticipants gained helpful inforous changes in sales and shopping, mation from these sessions. Particimost the result of mobile technology pant feedback included, “Technology advances in recent years. Oakley said comments and info were very helpful.” this technology is influencing custom- “[We] would love to have him come er behavior, so business owners need back.” “Came to hear his presentation to embrace the mobile technology and and am very glad I did.” address why customers are utilizing it Established in 1994 as an outand use that to their advantage. reach program through MSU’s “The customer is already in the JJCBE, the Family Business Program door, and the business has the responoffers education and information to sibility to provide the information that Montana family owned and managed the customer is seeking,” Oakley said. businesses. Due to program funding One example he gave was to incorchanges, the JJCBE Family Business porate QR codes into sales displays Program will not continue the formal and marketing material as a way to 11-city On the Road tour in 2014. The JJCBE is taking time to reassess the best method of delivering outreach to Montana small and family businesses, with the hope of providing a new, improved program in 2015.

Information about future Family Business Program events will be posted on the website: www.montana.edu/ cob/FamilyBusiness/FamilyBusiness. html and announced on the Family Business Program Facebook page: www.facebook.com/MSUCOBFamily BusinessProgram.

For more information about the Family Business Program, or how you can get involved, please contact Phyllis Johnson by e-mailing: phyllis. johnson1@montana.edu or calling 406-994-6195.

Marsha Goetting, MSU Extension, talks about "Estate Planning for the Family Business"

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2013 INTERNSHIPS 122 total internships (businesses only listed once) American Cancer Society-Relay for Life

KPMG

Anderson Zurmuehlen

Legislative Audit

ASMSU Business Manager

Lone Mountain Printing

ASMSU Finance Board

Marshall Kath, Optimus Prime

ASMSU Rec Sports & Fitness

Microsoft Fluent Grp

Becker

Montucky Cold Snacks

Benefis

MSU Alumni Foundation

Big Sky Youth Empowerment

MSU Bookstore

Birddog Distributing

MSU Business Services

Blue Ocean Innovation

MSU Exponent

BluePrint Basketball

MSU Human Resources

BNSF

MSU ITC

Bobcat Sports Properties

MSU Library

Boeing

MSU Microfabrication Facility

Bozeman Daily Chronicle

Nordstrom

Bozeman Deaconess Hospital

Northwest Farm Credit

MONGOLIA OPPORTUNITY FOR BUSINESS STUDENTS

Bozeman Magazine

Northwest Fluid Solutions

Brickhouse Creative

Northwestern Mutual

Campus Special

Oracle

Cascade Homes

Outside Media

CleanSlate

PrintingForLess.com

Cloud Peak Energy

Professional Business Consultants

Community Mediation Center

Prospera Business Network

Business students EDWARD JOHNSON and BRANDON MARSH joined two students from each college across the MSU campus to study in Mongolia for four weeks during the summer of 2013, and participated in the strategic planning phase of economic development in Mongolia.

The consortium of professors and students worked together side-byside with the Mongolian people and government, and experienced a holistic management approach to strategic planning, while learning about a new culture and its people. The team worked with government officials, and professors and students from the University of Mongolia to explore economic development from a holistic perspective, which considers people (society), the environment (natural resources), and profitability. They also considered entrepreneurial ventures to support education and healthcare, as well as to improve economic development overall.

Deloitte

Prudential

Dobek Performance

Raise the Rialto

Eagle Mount

Rialto Theatre

Eide Bailly

Rudd & Co.

Foundant Technologies

Salvation Army HR

Frontline Processing

SeaCat Creative

GalaKiwi

Sherwin Williams

Gallatin Valley Mall

Starkeys Authentic Americana

Galusha, Higgins & Galusha

TIC

Glacier Bancorp

Ticket River

Haven

Top50Ranches

Home Instead

Trade Risk Guaranty

Idaho Falls Chukars

Trend Tex

JCCS

U.S. Senate Finance Committee

Jtech

US Bank

K2 Sports

UTAP

Kahala Travel

Waterfront Restoration

Kenyon Noble Lumber

Wells Fargo

Kiewit

Yellowstone Club

Kohtz & Co.

Zoot Enterprises

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COMMUNITY INVOLVEMENT GUEST SPEAKERS Tory Atkins Oracle

Josh Kuntz Pink Cowboy Recreation Rentals

Mike Augustine Stifel Financial

Suzie Lalich PrintingForLess.com

Jacqueline Bean Timeless Traditions, Inc.

Leon Leibman Entrepreneur

Lisa Berkham First Interstate Bank

Brian LeMeres Bozeman City Controller

Justin Bigart Wisetail, Inc

Scott Levandowski First Interstate Bank

Callie Blanton Anderson ZurMuehlen

Clint Lohman Rocky Mountain Gaming, Inc.

Richard Broome author, JJCBE instructor

Dennis Lusin D.A. Davidson & Co.

Kjersten Brown Tandem Recruiting Group

Kristy McFetridge HAVEN

Susan Carstensen Retired­­—RightNow Technologies

Chris Mehl Bozeman City Commissioner

Greg Castronovo Northwestern Mutual Financial Network

Alicia Moe Cream of the West

Matt Chamberlain Office of the Comptroller of the Currency Bob Chickering Entrepreneur Jeff Cottrell Terrell’s Office Supply Rona Davison Fred Dickson D.A. Davidson Melissa Dulin MSU Alumni Foundation Peggy & Mike Durney Laundry Loops Mark Dworkin Co-producer of film Shift Change

Terry Moore Retired—First Interstate BancSystem Chris Mumford Joe Startup Jon Nagy Nanovalent Molly Nichelson Cloud Peak Energy Carl Nystuen D.A. Davidson Larry Oliver Chevron Business & Real Estate Services Brian O’Neil Retired—Real Estate Development John Parkes Murdoch’s

Tyler Erickson American Bank

Mary Petersen Eagle Mount

Robin Erlenbush ERA Realty

Matthew Price Oracle

Carol Ezrati Retired CPA

Greg Rice FBI Special Agent

Chad Farrington Columbia Management Investment Advisers, LLC (CMIA)

Ryan Rickert Clean Slate Media

Stan Feagler Pure West Christie Properties Ken Fichtler TEDxBozeman Bret Forder D&R Coffee Jenny Forder Pegasus Emergency Group Becky Franks Cancer Support Community Tom Fulton Retired—Stifel Nicolaus Billie Gunn KPMG Shawn Harrison Oracle Gennifre Hartman The Traveling School Ris & Joe Higgins Leadership Outfitters David Hill KPMG Robin Hubley CPA Bill Hurlbert Stockman Bank Paula Hurlbert Retired CPA Rob Irizarry StartupBozeman Jake Jabs American Furniture Warehouse From top: Matt Chamberlain, Fred Dickson, and Jon Nagy

Bill Mills Anderson ZurMuehlen

Peder Jensen Kiewit Michael Johns Pegasus Emergency Group Gordon Johnson American Bank James Kaiser Northwestern Mutual Marguerite Keating North Star Consulting Group

Tawnya Rupe Mountain Sky Guest Ranch Alan Rypinski Entrepreneur Pat Rypinski Aland Enterprises Kalli Ryti First Interstate Bank Bonnie Sachatello-Sawyer Hopa Mountain Jackie Sather MSU Alumni Foundation Cody Sauer Merrill Lynch Kitty Saylor MSU Alumni Foundation Richard Schwalbe Brian Skuletich Virgin Produced Ellie Staley Downtown Bozeman Partnership Tony Stiff Cantor Fitzgerald Carson Taylor Bozeman Mayor-elect Rick Ungersma Murdoch’s Jamie Wieferich D.A. Davidson Melissa Young Co-Producer of film Shift Change

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STUDENTS LEAD EFFORTS TO RECYCLE GLASS FOR JABS HALL Glass is one of a number of items that can’t currently be recycled in Bozeman. There are private recyclers in town who recycle glass and transport it to Livingston, MT to be pulverized, but not having glass recycling available at local recycling drop-offs deters people from doing it. Enormous quantities of glass are produced and discarded every year in the United States—more than 11.5 million tons of glass in 2010, according to the GeoMatrix website.

With this in mind, students in Principles of Marketing (BMKT 325) course had a brilliant idea: Why not recycle glass and reuse it in the new Jabs Hall? And so began a student class project. Students worked with the building committee to include locally produced fly ash and recycled glass countertops and backsplashes in the building. The cooperative effort involved local groups: the JJCBE, the Network of Environmentally Conscious Organizations (NECO), the ASMSU Office of Sustainability, Facility Services, Four Corners Recycling, and GeoMatrix. The estimated total miles to be logged transporting the glass from the point of collection to the point of installation, from the processing through the manufacturing process, will be less than 25 miles.

Project planning began the fall of 2012 and the students executed used glass collection during Earth Month, April 2013. The glass collection event was very successful with approximately 4,650 pounds, or roughly 9,300 glass items being obtained. The breakdown for types of glass collected was roughly 1,860 pounds of brown/ amber glass, 1,860 pounds of green glass, 930 pounds of clear glass, and seven individual blue bottles.

With blue being one of MSU’s school colors, the students sought to remedy the blue glass shortage. The Enactus Club (Entrepreneurship Club) lead a “Choose Blue” campaign to collect blue glass the week leading up

to the Cat/Griz home football game.

Students have also partnered with various bars and restaurants to assist with collecting blue glass.The club’s goal is to collect approximately 4,000 blue bottles, which will result in roughly one ton of glass. After the Cat/Griz weekend, the blue glass count was a little more than 200 pounds and the club, with the help of MSU Facilities has plans to collect more glass during Earth month, April 2014.

Enactus is an international organization that brings together student, academic, and business leaders who are committed to using the power of entrepreneurial action, enabling progress around the world. Guided by faculty advisors and business experts, participating students form teams on their campuses to create and implement community projects that empower people to improve their quality of life and standard of living.

This experience transforms lives and helps students develop the kind of talent and perspective that is essential to become effective, value-driven leaders.

For more information about Enactus, e-mail: msuenactus@gmail.com, or contact Gary Bishop, advisor, at 994-7017, or gbishop@montana.edu.

Enormous quantities of glass are produced and discarded every year in the United States—more than 11.5 million tons of glass in 2010, according to the GeoMatrix website.

Blue glass collected (top) and glass collection boxes on campus (above)

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COMMUNITY INVOLVEMENT

“

I was impressed with the students’ creativity and what seemed like sincere motivation to not only get a good grade, but raise as much money as possible for Warriors & Quiet Waters.

The amount raised was much higher than I expected!”

– FAYE NEL SON, DEVELOPMENT DIRECTOR FOR WARRIORS & QUIET WATERS

STUDENTS USE ENTREPRENEURIAL CREATIVITY TO SUPPORT LOCAL NON-PROFITS In it’s third year, The Entreprentice Challenge in DR. BRENT ROSSO’S BMGT 448 entrepreneurship course motivates students to think like entrepreneurs for local charitiable causes. Given only $25 in start-up capital, with an option to match this amount with their own money, and three weeks to complete the challenge, students raised a record amount of money for local nonprofits: the Gallatin Valley Food Bank and Warriors & Quiet Waters. The two course sections raised a combined total of $4,209.34 for the two organizations—the most ever for this project.

Representatives from both organizations came to the class that was donating funds to their nonprofit and listened to presentations about the different entrepreneurial ventures students created to raise the money.

The ventures from the two sections included student designed projects like “All Gold Everything” T-shirts, Bobcat athletic bracelets, bottle cap

earrings and jewelry, to “Cupcakes by Lisa,” and “Paws for Change” cookies.

One team went the route of selling candy bars. Another group of students created At Your Service, Inc. and performed a broad spectrum of services that included mowing lawns, washing cars, and cleaning garages. Yet another group created oval 4940 stickers, which represents Bobcat Stadium’s elevation, a unique way for Bobcat fans to show support. The student groups shared with the audience their idea generation processes, venture implementation, results, and takeaways. Some groups chose to include financials and business strategy. One team created an event fundraiser—a basketball tournment—and filmed a promotional video that recapped their venture for their classroom presentation. At the end of the class period, the representative was presented a check.

The first class section donated their profits to the Gallatin Valley Food

Team: All Gold Everything (Jillian Bushman, Matthew Swan, TJ McInerney, Rosie Smith, and Jordan Oleson)

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Bank (GVFB). Jill Holder, operations manager at GVFB, was very impressed with the students. She said,”I could tell the students had put a great deal of energy into their projects. They presented their process which included successes and failures. More than once, they said they were grateful to learn some of the hard lessons from this practical experience in school, rather than in the open market. Besides being an amazing learning experience, they raised so much money—money that we will use to help many in need, right here in Gallatin County. We at the Gallatin Valley Food Bank are grateful for the students’ efforts and Brent Rosso’s creative teaching style.”

Faye Nelson, development director for Warriors & Quiet Waters, was in attendance at the afternoon class section. She was amazed by the donation and said, “This class and project was such a fun process to be a part of. I was impressed with the students’ creativity and what seemed like sincere motivation to not only get a good grade, but raise as much money as possible for Warriors & Quiet Waters.

The amount raised was much higher than I expected! It costs about $600 to fly a warrior from a military hospital to Bozeman to participate in our 6-day fly-fishing program. Professor Rosso’s class made it possible to bring four traumatically injured veterans or service members to our program next year. This will not only positively impact the warriors’ lives, but all of those volunteers that get to interact with these heroes while they are here.

Another fantastic outcome of this project is that one of the students is now going to intern with Warriors & Quiet Waters next semester!”

This class project is one of many that serves to provide a transformational learning experience for JJCBE business students. They are engaged in the wider community and put their entrepreneurial and business skills to use in order to reach their project goals, all while supporting very worthy non-profit organizations.

For more information about The Entreprentice Challenge, contact Rosso at: brent.rosso@montana.edu.

BUILDING ENTREPRENEURIAL SPIRIT The JJCBE Center for Entrepreneurship hosted a number of Bozeman and Harlowton High School students through the One Montana Rural-Urban Exchange in November. DR. SCOTT BRYANT, executive director of the Center challenged students to think about how they can change the world and had them work on team building exercises. This exchange project addresses education, local entrepreneurship, and economic development.

Dr. Scott Bryant presenting to visiting high school students.

SPRING TREE PLANTING As a part of Arbor Day on April 22, a group of JJCBE faculty, staff, and students planted a number of trees lining Kagy Blvd. Even with the chilly weather, 13 volunteers were able to help plant six trees. This project was made possible by MSU Facility Services and the MSU Circle K student organization.

Students, faculty and staff showed up to help plant trees.

COMMUNITY INVOLVEMENT

PHOTO BY JESSIE MOORE PHOTOGRAPHY

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Conference attendees

MORE THAN 230 WOMEN CONVERGED FOR THE W2 CONFERENCE As set-up for the second round began, it became clear that something wasn’t right—and the chaos began. Each team thought they had won the first round and were preparing to play in the second round.

Then it became apparent that each team’s game instructions were different.

More than 230 women gathered on May 23, 2013 at the Best Western Plus GranTree Inn, in Bozeman, for the “W2: The Women to Women Conference.” Successful expert business and professional women led the workshops and sessions. For the second time, four organizations partnered to host this conference: the JJCBE, the Women's Circle of Excellence, Prospera Business Network, and the Women’s Business Center.

The first session, “The Times They are A-Changin’: What Matters in Creating Successful Change,” a powerful interactive workshop, set the tone for the entire conference. BETSY WEBB, MSU’s Professional Development & Training Manager, led the workshop and had participants play the card game, BARNGA, to demonstrate the importance of communication during times of change. Webb prefaced the

game by quoting Deepak Chopra, “All great changes are preceded by chaos.”

Each table of participants formed two teams of four members each.

Team members sat across from each other, with the goal of taking the most tricks. Players read the cardgame instructions, practiced a few rounds, put the instructions into an envelope, and then the game officially commenced. A gag order was placed on all players—no talking, no written words—but players could gesture and draw pictures to communicate.

The winning team was to move on to the next round. As set-up for the second round began, it became clear that something wasn’t right—and the chaos began. Each team thought they had won the first round and were preparing to play in the second round. Then it became apparent that each team’s game instructions were different.

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Webb challenged teams to non-ver- Your Business’s Cash Flow,” led by Jen bally communicate what the rules Nord, JJCBE alumna with Rudd & were in their set of instructions, deCompany. termine what the rules should be, and NANCE GUILMARTIN, author, eduthen reach an agreement so all teams cator, executive coach, and a four-time could continue playing the game. In Emmy Award winning broadcast the last round, Webb lifted the gag journalist, gave a dynamic keynote order so teams could communicate presentation focused on “The Power of verbally with one another.

Pause® Approach” which encouraged When Webb stopped the game, participants to pause, reflect, assess she asked everyone to share observaoptions, and then make decisions tions and comments in a debriefing instead of rushing into action. She session. also stressed the importance of “BARNGA is about change mancommunicating effectively. During agement,” said Webb. She then asked, her presentation, Guilmartin brought “How do people react to unexpected women up to the front of the room to change and the resulting uncertainty, help demonstrate effective communiespecially when there is little or no cation, and used fun props to illustrate communication? How did you feel her points. about playing the game, the outcomes, Following lunch, participants and the other people you dealt with at chose from several afternoon workthe table? What important, surprising, shops including: “Power Up with or stressful things happened during the Current Marketing Trends that the game? And, what did you learn?”

Put You Ahead of the Game,” led She then shared principles that ap- by MACLAREN LATTA, MercuryCSC; ply to change, which one might want “Evolving Your Business with the to consider when working within Power of E-Commerce,” led by CHRIS changing situations: SCHULTZ , Croakies; and “Empowering • People engaged in the same activity the Re-Launch with Renewal,” led by may use different procedures to RIS HIGGINS, Leadership Outfitters. accomplish tasks.

The conference finale, a panel • Lack of communication hinders discussion, “The Power of a Womcooperation and resolution. an-Owned Business: Successful • Some people give up easily, rather Strategies,” featured DR. TANDA COOK, than explain their views in a conflict Food that Grows; SERENA RUNDBERG, situation.

Nova Café; and BRIE SCHAEFFER with Olivelle. The Outstanding W2 Mentor Webb then asked the participants, Award was given to PAULA BESWICK, “And how does this relate to your the foundation director of the Bozereal world?” She shared her views man Public Library Foundation and on change, attitudes toward change, past president of Bozeman Business & conditions for successful change, and Professional Women. how to lead change. She concluded The conference was sponsored in with a story about a rider and elephant part by Northwestern Mutual. For and how, when both move together, a complete list of sponsors, please change can come more easily. see: http://www.montana.edu/cob/ After the interactive workshop, WCOE/2013.html. The 2014 Women’s conference attendees chose from Circle of Excellence conference is several morning workshops: “Creatscheduled for May 8 at the Riverside ing a Powerful Marketing Plan for Country Club in Bozeman.

Today’s Business,” led by marketing For more information, please professor Graham Austin; “Forming contact Audrey Capp at: audrey.lee@ the Mold: Empowering Employees montana.edu or 406-994-7026. for a Dynamic Business Culture,” led

by Caroline Arce, Mystery Ranch; or “The Power of Financials: Managing

From top: Ris Higgins, keynote speaker: Nance Guilmartin, and Maclaren Latta

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ALUMNI &

FRIENDS

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EXPLORE YOUR GIVING OPTIONS! As I sat recently in Dean Kregg Aytes office in Reid Hall looking north toward the Bridger Range, I couldn’t help but notice the workers walking on the fourth floor structures of the new home of the Jake Jabs College of Business and Entrepreneurship (JJCBE).

While I’ve walked by this construction site and observed its progress many times before, somehow seeing those workers on the fourth floor clearly demonstrated that the new Jabs Hall is becoming a reality.

Jake Jabs’ generous gift gave us the funds to build a beautiful new building; its construction is on track for welcoming our students the fall of 2015.

We now have work ahead of us to assist Jackie Sather the College in offering the best possible business education for our students.

To ensure that we’re providing the facilities and programs that will inspire new levels of hands-on learning and real-world leadership, we have created naming opportunities for classrooms, conference rooms, and other innovative open spaces in the building. Contributions will enable us to equip these spaces with the latest technologies and furnishings, as well as develop and enhance programs and curricula that ensure student success. We provide a variety of support levels for you to choose from and we can work on a pledge that will allow you to create a gifting budget that fits in with your overall financial plans.

Please contact me if these naming opportunities are of interest to you; we can discuss how your generosity will impact students today and in the future.

Support for the JJCBE and Montana State University (MSU) is not limited to naming opportunities, however. There are many ways to help students, faculty, and the communities MSU aims to serve. Endowed funds provide perpetual support for scholarships and distinguished faculty. Current-use gifts can address immediate needs and innovative opportunities. Volunteering your time and expertise can help in the classroom or with student clubs. Additionally, our students are always seeking personal connections that lead to internships and career opportunities.

The key is to start somewhere that is comfortable for you, whether that gift be small or large. Perhaps you want to learn more about estate planning and its tax benefits, or formally document your gifting intentions to leave a legacy at MSU. You might wish to assist us with student professional development.

Whatever you choose, all efforts make a difference, and we are always grateful for your support.

Give me a call or send me an e-mail today. I’m here to help you make a positive difference. Better yet, stop by my office and I will arrange a campus tour and a visit to the new JJCBE building site. By the time you visit, the walls may be up and we can share the excitement of this new adventure together!

Jackie Sather Senior Director of Development 406.994.6766 jackie.sather@msuaf.org

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ALUMNI AND FRIENDS COLLEGE LEADERS AND LEGENDS HONORED DURING HOMECOMING

Left to right: Ossie Abrams and David Orser

A new tradition was started at MSU during homecoming. Four individuals associated with the JJCBE, received new awards during a ceremony associated with this year’s homecoming theme of “Leaders and Legends.” These awards honor individuals in four categories— alumni achievement, distinguished faculty, distinguished staff, and honorary alumni.

On Friday, October 4, Dean Kregg Aytes presented these awards to MICHAEL D. REILLY, HALINA RICKMAN, and ALAN R. KAHN in the Procrastinator Theater in the Strand Union Building on MSU’s campus.

The award for DAVID B. ORSER was presented the next week, prior to the Orser Executive Speakers Forum on October 10.

The 2013 Honorees: Alumni Achievement Award: DAVID B. ORSER ’66

Dr. Michael Reilly

David Orser has been an extremely valued supporter of MSU and the JJCBE for many years. A Montana native, David grew up in the town of Pryor and attended MSU as a non-traditional student, graduating in 1966 with a business degree. He earned his M.B.A. from the University of Southern California (London campus). Orser had a long and distinguished career in the oil industry in London and Tripoli, Libya, eventually retiring as the president of Occidental Oil International. Upon retirement, Orser moved to Billings, where he and his wife, Ossie Abrams, have been generous philanthropists.

He established what is now known as the Orser Endowment for Student Success through the College, which supports scholarships for promising freshmen business students. He also provided funding for the David B. Orser Executive Speakers Forum, which offers student

access to a wide range of successful business executives who serve as guest lecturers in classes, meet with the business students, and present free formal public lectures. Orser has also served on the National Board of Directors of the Museum of the Rockies, as a Montana Ambassador, and is a life member of the MSU Alumni Association. In Billings, he is a past board member of Rocky Mountain College and has been involved in the Yellowstone Art Museum and the Billings Symphony.

He received an honorary degree from MSU in 1989 in recognition of his career success and philanthropic achievements.

Distinguished Faculty Award: MICHAEL D. REILLY Dr. Michael Reilly was one of the first national-class academics to join what was then the College of Business in 1984, and has been a significant influence on every marketing student and faculty member at the College for almost 30 years. Reilly has made substantial and sustained contributions to his discipline and MSU through his prolific publishing and presentations in his fields of consumer behavior and the marketing of small and entrepreneurial firms. In 2005, two of his articles were recognized as part of the “Marketing Canon” of most influential marketing articles. Mike has served as chief marketing officer (CMO) for several commercial and non-profit ventures and regularly serves as a consultant to a variety of small- and medium-sized businesses.

Reilly is very highly regarded by students in the JJCBE for the rigor and relevance of his courses. He is also valued by his colleagues for his uncanny ability to understand and solve the most complex problems, as well as his humor, collegiality, and mentorship. Reilly earned his M.B.A.

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in 1976 and his Ph.D. in marketing in 1980 from Pennsylvania State University. He retired from MSU in 2012 with the rank of Professor of Marketing and was awarded the rank of Professor Emeritus by the Board of Regents.

Distinguished Staff Award: HALINA RICKMAN Halina Rickman has provided outstanding service to the JJCBE for more than 10 years and has enhanced the work life of all at the College through both her professionalism and her great attitude. As the administrative associate to the dean, she is at the center of most activities at the College. Rickman is a true professional and an excellent communicator with a wide array of constituents including students, faculty, administrators, parents, and donors. She enhances the JJCBE through her perpetual positive attitude and respect for others. She is also an excellent and loyal team player who often pitches in to help other staff members when their plates overflow, and she makes sure, through a well-placed comment, that the administrative team knows when the staff needs attention or assistance.

Rickman has, for many years, consistently demonstrated an exemplary record of sustained contribution to the JJCBE and a dedication to fulfillment of the College’s goals and mission.

Halina Rickman

Honorary Alumni Award: ALAN R. KAHN Alan Kahn has been a tremendous supporter of the JJCBE, both financially and through his wisdom and time. He joined the College’s National Board of Advisors in 2004 and has been a valued mentor and advisor to every dean of the College for almost 10 years. He is a consistently calm, insightful, and extremely intelligent voice of reason.

The new Jabs Hall, and the evolving JJCBE, will reflect Kahn’s wisdom for years to come.

Kahn has also contributed both funds and time to many other important MSU projects. He has been a strong supporter of the WWAMI program and serves on the WWAMI Advisory Committee.

He was a donor to the “End Zone” project and to various memorial programs, including the Michael McCue scholarship. He and his wife, Jean, are also strong supporters of MSU Athletics, especially the women’s basketball program. Kahn is currently the managing trustee of the DII Industries, LLC Asbestos PI Trust, and has previously served as a trustee of two other bankruptcy trusts created to resolve asbestos claims. He has also owned and/ or managed companies in a variety of industries, and has served as an independent consultant on a variety of financial matters and transactions. Kahn has a long history of community service in both Texas and Montana. He holds a bachelor’s degree in economics from Stanford University and an M.B.A. from Columbia University.

For more information about these awards, please contact Kerry Hanson, director of Alumni Relations at: kerry.hanson@msuaf.org or 406-994-7620.

Alan R. Kahn

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ALUMNI AND FRIENDS ALUMNUS EARNS MSCPA’S HIGHEST HONOR Each year, the Montana Society of CPAs (MSCPA) honors one member who has served the profession or the public with distinction with the George D. Anderson Distinguished Service Award. The award recognizes a CPA who has demonstrated exceptional commitment to the profession, to the public, and to their community. The 2013 award—the MSCPA’s highest—was awarded to JJCBE alumnus DWAINE J. IVERSON.

Dwaine J. Iverson

After graduating from MSU, Iverson started his first job with Misfeldt & Garnett in Great Falls, in July 1976.

“They sent me up to Shelby the next June to look at starting an office up there. I had been a CPA for a year and I was going to run it. I thought they were crazy! I spoke to my dad and he suggested that perhaps Mr. Misfeldt and Mr. Garnett knew more about me than I did.”

Misfeldt & Garnett soon became Hamilton Misfeldt, and on July 1, A Montana Upbringing 1980, Iverson became a partner in the When Iverson was a farm kid grow- newly merged firm. The people who ing up just outside of Brockton, MT, influenced Iverson at this time includhis dad was the mayor of that agriculed Clarence Misfeldt, Tony DiLello, tural community. However, when his Curt Ammondson, and George father saw the educational system dete- Campenella—all men who had or riorating, he transferred his children to would someday become Distinguished the nearby Poplar school, and resigned Service Award recipients themselves. as mayor. His dad said he couldn’t be May 4, 1992 was a momentous mayor if he didn’t have faith in the day in Iverson’s life. That was the day town’s school system. That set the stage he bought the Shelby practice from for a life of ethics and standards that Hamilton Misfeldt; it was his and Iverson models every day of his life.

Barb’s 18th anniversary and the first Iverson completed his primary edday he ever shot par in golf. “When ucation in Poplar. He was planning to I left Hamilton Misfeldt, I still attend a trade school, after graduating maintained good relationships with all from high school, to learn to repair those people—we did it with respect. air conditioners or become a plumber, The difference between the large and but decided to ask his math teacher, a small firm is you miss the support, but trusted advisor and friend, what proyou have more freedom. It’s harder to fession he should consider. His teacher apply the large firm principles to the recommended Iverson contemplate way you practice in a small town. You being an accountant or an actuary. “I have to have more involvement in condidn’t know what those were so I went troversial local issues—you must be to the World Book Encyclopedia to find a leader and willing to take on those out. I discovered you had to live in a challenges.” big city to be an actuary, so I became Iverson has definitely been an accountant instead.” involved in the Shelby community.

Iverson started college at Eastern One year he was president of the local Montana but didn’t feel challenged, Chamber, president of Jaycees, and so after he completed his first year, he Exalted Ruler of the Elks, all while waited until August to apply to MSU. Barb was pregnant with their sixth He lived in the dorms at MSU for one child. “I worked hard to make people quarter, moved to a fraternity house feel like I was part of this communithe second quarter, and got married ty—like I was one of them.” He also the third quarter. “I knew Barb from took over as chairman of the board at high school. We started dating that Toole County hospital at a time when October, after I gave her a ride home. the institution was in dire straits—a It was her freshman year and my soph- position he held for six years. When omore. She was 18 and I was 20. We he stepped down, the hospital was got married on May 4, 1974.” $3 million in the black and back on

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at it as a profession. A job is how you stable ground. He said, “I’ve always applied my skills to my community. get from one place to another; a proAs CPAs, I think we have a special tal- fession is part of you forever.”

Iverson’s gratitude to the profesent to assist our communities in a lot of areas. Our work is critical to them.” sion led him to serve on the MSCPA Board. “Being lucky enough to serve Barbara and his six children— Kristi, Becky, John, Lisa, Colleen, and as an officer of the Society was one Holly—are clearly what’s important way to give back for what I’ve received to him in life. Iverson was always from the accounting profession,” Iverthere for his six children, missing very son said. MSCPA Executive Director few of their games or events, and he Jane Egan shared, “When Dwaine figured out early on how to balance was president, we literally had to have work and family life. Iverson said he a notebook whenever we were on the lives by a very strong code he learned phone with him. He had so many in Jaycees, “There are three areas of great ideas, we had to capture them! life: financial, personal, and spiritual.

Barb told us to stop encouraging You need goals in all these areas. There him—but it’s because of Dwaine that you will find peace.” we have Managing Partners Group and Montana Connection. He made He added, “The reason we came a big impact on the Society during his to a small town was so we could be presidency and continues to do so.” involved in our kids’ lives. I took the Iverson’s involvement with the role of raising kids to the same level MSCPA has made him a regular at as my job, my profession. Parenting annual meetings. “I’ve always enjoyed and management books are the same; they just use different terminology. So the convention—especially the golf I applied those management principles tournaments, having a few beers with people in the evenings, and getting to as much as I could to raising kids.” know them in a non-formal setting.

When he was president of MSCPA, The networking is great, and one of he got to sign John’s membership the things I enjoy is maintaining those certificate. “That was one of the most relationships. important moments of my life,” he The 2013 George D. Anderson shared.

Award came as a surprise to Iverson.

“I love the profession so much,” “Getting this award—all the people Iverson said, and that passion shows.

“I always felt that the profession was that I’ve respected that have gotten created by people with great moral it—it is beyond words. It meant a lot to be chosen as president of the Socifiber and it’s important that we hold ety, but to be selected by your peers it in that same high esteem when we for your professional accomplishments pass it on. People who have discreditis really amazing. I don’t think there’s ed the profession don’t hold it in the any higher recognition than from same esteem. It’s very special and very your peers.” Iverson shares the credit, delicate. Our independence is so very important; that’s why I’ve never gotten “Having a good support staff back at the office, at home, has allowed me to a broker’s license, because I wanted give back. Barb has made this possible. people to come to me for advice. I Without her support, no way it would never want to compromise that with have happened. I look at this award as commissions.”

However, being a CPA has always a sign of the accomplishments in my been more than just a job for Iverson. business life. My kids are my accomHe added, “I get to apply the principlishments in my personal life.” ples of my faith and my family values Excerpted from the MSCPA to this profession. It isn’t often you get luncheon program to do that and live what you believe all while helping people.” His passion for his chosen career shows and he said, “I never looked at it like a job; I looked

“

Growing up in Shelby, I’ve known Dwaine my entire life. He’s been an excellent resource for me in my professional career and someone I’ve looked up to. His involvement in the community and the profession is outstanding, and every group he’s involved in is lucky to have him as a part of their organization.”

– J O H N H . S T E I N H O F F, CPA, CFE, JUNKERMIER, CLARK, C A M P A N E L L A , S T E V E N S , P. C .

(JCCS), HELENA

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ALUMNI AND FRIENDS

Gordon Johnson

MSU LAUNCHED BANKING CAREER THAT SPANS DECADES But, perhaps his most lasting MSU memory was when he was among the first group of MSU students to travel to Kumamoto Gakuen University in Japan on what is now the university’s longest running international exchange, which was first arranged by the late Senator Mike Mansfield.

After three decades of far-ranging and finance appealed to him. He experiences in banking, GORDON attended another school out of state for a while, and when he decided to JOHNSON, ’83 Bus, is back where he began, and that is just fine with him. return to Montana, there was only Johnson is in his second year as the one choice for him. president of Bozeman-based American “My dad went to MSU,” he said.

Bank.

“And, I struggled with the thought of Coincidentally, the company’s being a Grizzly.” headquarters are located where Johnson says that his experiences Johnson helped work his way through at MSU prepared him well for his the Montana State University College eventual career. DR. DEAN DRENK of Business (now the MSU Jake Jabs (retired professor emeritus), one of his College of Business & Entrepreneurbusiness professors, honed Johnson’s ship) as the night computer operator writing skills by requiring countless at a bank that previously occupied the one-page analyses that taught him to same West Main Street location. write concisely, as well as to analyze Johnson said he finds a wonderful and defend his decisions. circularity to being back in Bozeman But, perhaps his most lasting MSU and involved with the university that memory was when he was among the helped him launch his banking career. first group of MSU students to travel “We just feel so fortunate to be to Kumamoto Gakuen University back,” Johnson said about him and in Japan on what is now the univerhis wife, Linda (Conwell) Johnson, ’84 sity’s longest running international Psy. “Does the lifestyle get any better exchange, which was first arranged by than in Bozeman?” the late Senator Mike Mansfield.

Johnson is passionate about MonHis first job after graduation was tana, and banking, and said he has at the bank where he had been the been fortunate to have had a broadnight computer operator. He then based and varied career in his profesjoined Norwest Bank at its Billings sion without leaving his home state. office. For the next 20 years he worked Johnson said he knew while growin a variety of capacities, ranging ing up in Billings, MT, that banking from check processing to serving as

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a controller, working his way up the ladder, even as Norwest purchased Wells Fargo. Johnson then took a job with Wells Fargo as a vendor manager for all of Wells Fargo business lines that used the vendor for lockbox processing, a job that required a great deal of travel.

“I was sitting in Los Angeles when I got a call from the president of American Bank. He asked me if I was interested in joining American Bank (as CFO),” Johnson recalled about a call that occurred seven years ago. After an interview with Bruce Erickson, chairman of the board and owner of the bank, “It took me just a few seconds to say yes.” In February 2012, Johnson was named president.

Like Johnson, American Bank has deep Montana roots. Opened in 1947 as the Livingston State Bank, American Bank is a family-owned, full-service bank. Now in its third generation of ownership by the same family, the company has banks in Livingston, Big Timber, Big Sky, Whitefish, and Bozeman.

Johnson said community orientation is also a hallmark of the bank. Bank officers frequently guest lecture for classes at MSU. The bank has hosted a number of networking socials for the JJCBE and invited local business leaders to interact with students and staff. The bank has funded scholarships for MSU business students since 2007, over the years totaling more than $100,000. Three of the scholarships are named for the late Carolyn Erickson, mother of Tyler Erickson, who is current Livingston branch manager and bank director, and the late wife of bank owner Bruce Erickson.

Johnson said, in addition to community service, stellar customer service is one of the bank’s emphases.

Recently, the bank was recognized for both when it received an outstanding CRA (Community Reinvestment Act) rating.

“Our commitment to MSU is part of that,” Johnson said.

By Carol Schmidt, MSU News Service

THE ALDERSONS RECEIVE PRESTIGIOUS BLUE & GOLD AWARD is also integrated with research Each year, MSU grants The Blue assignments through the JJCBE & Gold Award, one of its most prestigious awards, to individuals Center for Entrepreneurship. who have rendered excellent lifetime Jim Alderson is widely known for blowing the whistle service or who have brought on healthcare fraud, helping the national or international distinction government recover $1.7 billion. to MSU or the state of Montana.

When asked why he has decided These awards are presented as a part to give such a substantial gift of MSU’s Homecoming festivities to the JJCBE, Alderson said, each year.

MSU President Waded Cruzado “Number one, my experience in honored JIM AND CONNIE (Bauman) whistleblowing taught me what a ALDERSON, along with JOHN H. good education I had at MSU and it prepared me to compete at any HEMINWAY, MICHAEL REYNOLDS, and JEAN SWEENEY, on Friday, level. I want to see that expanded.

October 4 in the SUB Ballrooms.

Equally as important, I think that The Aldersons, from Whitefish, entrepreneurism is the answer to MT and southern California, Montana’s economic problems.” are long-time MSU and JJCBE The Blue & Gold Awards supporters. They are recognized for recognize the recipients based their work with a diverse group of on their achieved prominence MSU students, from entrepreneurs through service to one or more to student-athletes to fraternity and of the following: profession, sorority members. family, country, world, university, They founded the philanthropy, or humanity.

JJCBE’s Alderson Program in For more information about Entrepreneurship, which offers these awards, please contact the students unique developmental MSU Alumni Foundation at: experiences through course work alumni@msuaf.org. in the Entrepreneurship and Small Business Management minor, which

Left to right: Kerry Hanson, Michael Stevenson, Jim and Connie Alderson, President Waded Cruzado

d advises students to think globally 68

ALUMNI AND FRIENDS

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Jon Knokey

Jon Knokey

MSU BUSINESS GRAD ADVISES STUDENTS TO THINK GLOBALLY tage of all that MSU offered in the classKnokey said he likes the job because

room. it involves the private As a freshman at Montana State Knokeysector, grew up business in Portland, OR (MSU), JONgrowth, KNOKEY, ’04government He said sports wereand a huge partnature of his He became a business majorUniversity and found policy the Bus, was focused on football, but life there, and he earned a scholarship that he appreciated the school’s entrepreof the global economy. John Deere curan injury left him unable to play. In to play football at MSU. He joined the neurial focus, as well as how it retrospect, challenged has 67,000 employees, 135 Knokey saidrently the football Bobcats intent on twosales goals:in leading its students to think globally. And, anacountries, a manufacturing presence injury the was the best thing that could and the team to a national championship have happened to him.

The unexpected and being named first team all-Big Sky lytical foundation he received at MSU has in 29 countries. setback led him to MSU’s College of quarterback. served him well in his career, Knokey said.

His supervisor notes that Knokey’s Business (now the Jake Jabs College He served as a back-up quarterback “I left the university with a very strong interest in the work shows. of Business & Entrepreneurship), during his freshman year, playing in cohort of lifelong friendships, lessons ondegrees at Harvard “Jonand is a realfive pleasure to hework with to graduate games. But, also took a hit from Dartmouth, and to his current position a defensive end and separated his shoulleadership, and an exceptionally strong because he is inquisitive,” said J.B. Penn, at a global corporation. der. Three surgeries later, his football foundation of analytical ability and busichief economistcareer at John Deere. “He finds Knokey, 31, now serves as chief of was over. ness communication,” he said. staff to the chief economist most topics of interest andbecame seeksapparent to learn at John “It quickly that Based in Washington, I hadand to think of football,” After graduating from MSUDeere. in 2004, more D.C., about them, he outside constantly seeks Knokey works to understand the politKnokey said.

“My experience at Knokey began working for a small startup background and context for what he sees ical and economic climate around the Montana State taught me that life is software company in Bozeman,globe Xionetic happening in our industry.” and how it affects the company. dynamic, and that dreams can change Technologies. He worked his way“The up to Knokey’s career path is open, he said, world is very dynamic, and rapidly.” because John Deere is abut global compa- he enjoys Although missed football, vice president of sales and marketing before because his hecurrent position ny, we must appreciate what’s happenKnokey decided to focus on to deciding, in 2009, to pursue concurrent he hopes to build on what he has instead learned ing in different parts of the world and taking advantage of all that MSU master’s degrees: one in business continue in ainfield at the intersechowadminisit will affect our overall opera- a career offered the classroom. tration from Dartmouth, and ations,” second in said. “There tionisofa lot business, government and economics.

Knokey of He became a business major and uncertainty in the global economy, and to found that he appreciated the school’s public administration from Harvard.

His advice MSU students and recent my role is to explain to our senior leadentrepreneurial focus, as well as how it From graduate school, he completed an graduates is to think globally, have multiple ership the opportunities and challenges challenged its students to think globinternship through GE’s executive and beally. curious. facingleaderJohn Deere frommentors an economic And, the analytical foundation he ship program before doing an internship “The one thing that I have perspective.” received at MSU haslearned served himand well in his career, Knokey said. with John Deere. He parlayed that experiam still learning is that the higher you get ence into a spot in John Deere’s executive up in a company, the more questions you management rotational program, where he have,” he said. “Never lose that curiosity,

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“I left the university with a very strong cohort of lifelong friendships, lessons on leadership, and an exceptionally strong foundation of analytical ability and business communication,” he said.

After graduating from MSU in 2004, Knokey began working for a small startup software company in Bozeman, Xionetic Technologies. He worked his way up to vice president of sales and marketing before deciding, in 2009, to pursue concurrent master’s degrees: one in business administration from Dartmouth, and a second in public administration from Harvard.

From graduate school, he completed an internship through GE’s executive leadership program before doing an internship with John Deere.

He parlayed that experience into a spot in John Deere’s executive management rotational program, where he is now.

Knokey said he likes the job because it involves the private sector, business growth, government policy, and the nature of the global economy. John Deere currently has 67,000 employees, sales in 135 countries, and a manufacturing presence in 29 countries.

His supervisor notes that Knokey’s interest in the work shows.

“Jon is a real pleasure to work with because he is inquisitive,” said J.B. Penn, chief economist at John Deere.

“He finds most topics of interest and seeks to learn more about them, and he constantly seeks background and context for what he sees happening in our industry.”

Knokey’s career path is open, he said, but because he enjoys his current position, he hopes to build on what he has learned to continue a career in a field at the intersection of business, government, and economics.

His advice to MSU students and recent graduates is to think globally, have multiple mentors, and be curious.

“The one thing that I have learned and am still learning is that the higher you get up in a company, the more questions you have,” he said. “Never lose that curiosity, never stop asking questions.”

By Anne Cantrell, MSU News Service

MEET THE NEW FACES OF THE COLLEGE This year we have many new faces at the JJCBE We have four new support staff and two new full-time tenure track faculty. Each and every person contributes to the exceptional culture and excellence at the College. Here you will meet the new JJCBE staff who play an integral part in the College.

ELIZABETH GRANT GREENFIELD, assistant director, Office of Student Services Originally from Glastonbury, CT, Liz Grant Greenfield ventured out west to earn a degree in Liberal Arts from Colorado Mesa University on the western slope of Grand Junction, CO. From there, she came to Montana State University to obtain her master’s degree in Adult and Higher Education, with an emphasis in Student Affairs.

Greenfield started off her career track by working in housing and residence life. Greenfield served as a hall director for five years and then worked another five years in Family & Graduate Housing before coming to the JJCBE. “I felt I had learned a wealth of knowledge and memories working with students on the student affairs side of a university system, but felt I lacked knowledge within the academic side of assisting students,” she said.

Greenfield remedied this by teaching a university seminar class for three years, which hooked her into the academic side of the university. She jumped at the opportunity to work more with students when the assistant director position opened up. Now she is able to provide students with important information about what classes to take and how to be on the path to graduation. Greenfield also helps recruit, retain, and advise students who drop by the office.

“Every day is filled with new adventures and meeting new people and our faculty, staff, and students make working within the College a truly remarkable place. I love hearing about where students are from and what brought them to school. My absolute favorite thing to do is network with others and help in any way that I can.”

When she is not working on campus, she enjoys taking in the magnificent Bozeman surroundings. Greenfield enjoys spending time with family and friends and entertaining, and describes interests as being a lifelong learner of history, reading, running, being the best life partner she can to her husband, museums, and will self-admit that she loves science fiction and Star Trek.

“I am truly excited to be a part of the Jake Jabs College of Business & Entrepreneurship. Please drop by and visit any time.”

SUZANNE HEPBURN, accounting analyst Suzanne Hepburn provides an invaluable service to the College as the accounting analyst. She was born in Montreal, Canada, but lived in Bangladesh for several years as a young child— although it was known as East Pakistan at the time. From there she grew up in Niagara-on-the-Lake, a small town near Niagara Falls.

Hepburn graduated from the University of Waterloo in Waterloo, Canada with a B.Sc. in Geological Engineering. She quickly realized Continued on page 71

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ALUMNI AND FRIENDS

Gustav Radcliffe

“

The intellectual challenge provided by my best professors was phenomenal.”

– GUSTAV RADCLIFFE, JJCBE ALUMNUS

ALUMNUS EXCELS AT LIFE-LONG LEARNING A component of the JJCBE’s mission is to encourage students to pursue life-long learning experiences. One alumnus, GUSTAV RADCLIFFE, has demonstrated that learning truly does continue after graduating from MSU. Radcliffe describes himself as a flatlander from Minnesota who was drawn to MSU by the idea of “Mountains and Minds”—an idea that became reality and was validated during his time at MSU. After a very circuitous path, Radcliffe has found his way back school to pursue an M.B.A., at Harvard University.

“The intellectual challenge provided by my best professors was phenomenal,” Radcliffe said. He recalls JJCBE professors DR. HARRY BENHAM, DR. DEAN DRENK, and DAVE FOSTER (retired instructor of management), MSU Economics professors Andy Hanssen and Doug Young, and MSU Agricultural Economics professor Christiana Stoddard—all who stood out as exceptional. “What they share is a drive to facilitate more than rote memorization of facts and figures; they set high expectations and sincerely challenge students to think critically about the world, even if it makes students uncomfortable. That willingness to push students outside of their comfort zone is truly special,”

Radcliffe added.

On the flip side, Radcliffe said that the geographical setting allowed him to pursue personal interests in the outdoors that also challenged him to think critically and set high expectations. Ski instructing, ski mountaineering, cycling, and climbing all provided him with tremendous experiences with communication, leadership, resiliency, and decision-making that is hard to acquire in the classroom. He said, “The intellectual and physical opportunity I was given at MSU was a chance to redefine my identity in the world, and that is exactly what should be expected of any undergraduate institution. The combination has helped me become comfortable in situations where the easy formulaic answers don’t exist, and even the ‘best’ answers are hard to embrace.”

Radcliffe finished his B.S. in business with a management option in the fall semester of 2005, and then a few days later flew to Garmisch, Germany to teach ski lessons for the Department of Defense at one of their Armed Forces Recreation Centers.

After returning to the U.S. due to a family medical situation, he returned to MSU to finish his degree in Economics. It was during that time that Foster, a JJCBE management instructor and advisor for the international

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business minor (now retired) suggested Radcliffe apply for the Boeing Business Career Foundation Program (BCFP). Radcliffe did, was hired, and in 2007 he started working for Boeing Defense Systems based in Huntington Beach, CA. During his last assignment in the BCFP, Radcliffe worked for Revenue Management in Boeing Commercial Airplanes, based out of Seattle. He saw the opportunity as a great fit, and in March 2009, Revenue Management offered him a permanent position. Radcliffe was there for four years, but knew he ultimately wanted to do more.

An opportunity presented itself in the form of graduate school. Radcliffe researched the top business schools, and harboring some curiosity as to whether or not he could make the cut at a place like Harvard Business School, he applied. Radcliffe was accepted into Harvard Business School and started in the fall of 2013.

When asked “why an M.B.A.?” he countered with George Mallory’s answer when asked why he wanted to climb Mt. Everest, “because it’s there.”

Radcliffe said that he was partially motivated by the desire to have his voice heard in making the world a better place. He had noticed the leadership capabilities that top tier M.B.A.s have for influencing and shaping decisions and actions at a global level, so he wanted to learn how to develop a similar skillset.

“As a guy who grew up in a town of 5,000 people, it can be pretty intimidating to raise my hand and argue my position in front of a class of 90 Harvard Business School students.

However, I’m a big believer that one has to be pushed outside their comfort zone in order to grow, and the experience has really helped me build the confidence to advocate for my ideas.

If you’re like me and think that the world is run by those that speak up, then that’s a good first step towards making the world a better place,” Radcliffe said. With his first semester under his belt, Radcliffe continues to build upon the knowledge and experience he gained at MSU.

New Faces, cont. she did not like dirt and ended up completing her MBA at York University in Toronto, Canada.

In 1991, Hepburn moved to the U.S. and helped her spouse start an engineering consulting firm in 1998. She spent 13 years managing the finances for the company while it grew to a 35-person, three office enterprise. After a brief try at early retirement, Hepburn joined the JJCBE and was happy to find a much calmer work environment than consulting.

Now Hepburn spends her time tracking the state budgets assigned to the College, processes various department related expenses, facilitates the use of MSU Foundation funds for special projects, and generally monitors the costs of running the College.

Hepburn said, “After living in Bozeman for 20-odd years and never having had any real interaction with MSU, it was very interesting joining the staff. Everyone is extremely welcoming and focused on providing a quality education for the students. It is a wonderful mix of interactions with staff, faculty, and students, and I enjoy participating in the university community.”

ELEANOR INGLIS, Faculty Services Office Eleanor Inglis has had a wealth of experience that she brings to the College.

She grew up in Woodward, OK and earned her M.S. in International Studies from Oklahoma State University.

She enjoyed a career in international education that spanned 15+ years, which allowed her to travel the world negotiating exchange agreements for faculty to teach and students to study abroad.

As an international educator, Inglis interacted with and invited a multitude of international visiting scholars and diplomats to serve as lecturers and faculty for various universities, procured international economic initiatives, and co-lead experiential learning courses abroad, all the while taking in some extraordinary cultural experiences.

Inglis lived in Honduras, and has traveled to Australia, Costa Rica, Denmark, Italy, England, France, Spain, and Venezuela. She was invited to participate in the Rotary International Professional Group Exchange in 1999, spending six weeks learning about the field of Volunteer Management in Venezuela. Inglis speaks Spanish fluently, as well as basic Italian and French.

After establishing the Volunteer Relations department for the MSU Alumni Foundation, Inglis chose to become a full-time real estate professional as her “retirement” career but yearned to return to the academic world that she loved. This opportunity presented itself in a part-time position in the College's Faculty Services Office.

Now Inglis says she has the privilege to administratively support the extremely impressive faculty that bring so much to the students they teach.

“It has been so much fun getting to learn about all the exciting things happening in the JJCBE & Montana State! I’ve been here only a short while, so I don’t have any specific stories to share with you, but I am certain that if you ask me this question six months from now, I’ll have many stories to share.”

In her spare time, Inglis loves to sing and perform in community theater, play tennis, and just be in the beauty that is Montana.

Continued on page 73

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ALUMNI AND FRIENDS LONG-TIME DIRECTOR OF STUDENT SERVICES RETIRES

Dr. Christine Lamb

Lamb leaves us with her legacy: an unflinching commitment to the standards of excellence for the College, and a very professional Office of Student Services.

DR. CHRISTINE LAMB, assistant dean, ful. Chris didn’t make the academic retired December 2013, after thirty rules of the College, but it fell to her years (1983-2013) of dedicated service to enforce them,” recalled Dr. Nancy to MSU and the College of Business Dodd, professor emeritus.

(CoB—now known as the JJCBE).

“I don’t think anyone really underLamb’s innovation, entrepreneurial stood how much time Chris spent on thinking, and dedication to excellence her work. Being a night owl, she was in undergraduate education, and her often up late working with student dacommitment to higher education and tabases or figuring out new methods to MSU is clearly demonstrated through analyze, store, and track information. her impressive resume of positions held, And she was still in the office all day. awards earned, and significant and She started in Student Services when lasting contributions she made to the methods were relatively unsophisticatCollege, MSU, and higher education ed and made Student Services into a at large. smoothly running machine, through As a fifth generation Gallatin times of growth, shrinkage, uncertainValley resident and third generation ty, and change. She will be missed,” MSU graduate, Lamb continued her said Dodd. family’s tradition of education, service, Always an early adopter of and commitment to her hometown technology and a constant innovator, and state throughout her career. Prior Lamb was committed to unfailingly to earning her Ed.D. in curriculum upholding the CoB’s standards in the and instruction in 1987, she taught midst of constant growth and change. high school English for three years in In 2012, Lamb eagerly volunteered the Deer Lodge, MT. During her career CoB to serve as the pilot for Degreeat MSU, she held a variety of positions Works, a campus-wide degree auditing including assistant director of Orienta- program. Her work in the early stages tion, academic advisor in the General of implementation eased the process Studies program (now University for her colleagues across campus. Her Studies), and an impressive 26 years as innovative nature and technologiassistant dean in the CoB. cal aptitude enabled the College to As assistant dean, Lamb profesbecome the model for how internal sionalized and centralized the formal academic processing should be done. admission and degree certification proIn the late 1990s-early 2000s, cesses in the CoB, building the Office Lamb also served as co-director of the of Student Services (OSS) from the CoB freshman seminar program—a ground up. Lamb and the CoB’s OSS, first-semester course which received became a campus-wide model for two national awards for innovation continuous improvement and process and excellence. She published numerinnovation. Lamb’s day-to-day work ous articles on the benefits of service focused on the behind-the-scenes OSS’ learning for students’ personal and tasks: formally admitting, certifying, professional development, as well as and helping graduate well over 5,000 success in college. students with business degrees.

Integrity in upholding standards “As Chris put it herself, her job was has been a guiding light for Lamb, so to admit the students and graduate it is no surprise that she served as an them. And she knew all about what evaluator for six Northwest Comthey were doing in between. She mission on Colleges and Universities seemed to be familiar with almost review teams, and that within the every student and his or her record, CoB, she assisted with four AACSB including long after each one had accreditations. graduated. Her ability to hold so much Lamb’s service to MSU and higher of the College’s history in her head was education stretched much further amazing, impressive, and always helpthan the CoB. Her meticulous

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attention to detail and commitment to quality in higher education served her and MSU well. She served on numerous committees including as chair of the self-study steering committee for MSU’s Comprehensive Evaluation for Northwest Commission on Colleges and University in 1999 and as chair for the Academic Integrity subcommittee, NCAA Division I Athletics Certification Self Study in 2002.

Lamb was also instrumental in developing the University Core general education program, a university-wide contribution that shaped the quality of education for thousands of students.

She was never afraid to dive into the details and pitch in on labor-intensive projects. When the MSU converted from the quarter system to semesters, she helped develop over 1,200 individual excel spreadsheets— one per student—to ensure all their credits were accounted for post-conversion; a thankless job, but nonetheless critically important to accurate record keeping and student success. This commitment to accuracy and the thoughtful application of technology behind the scenes is the trademark of Lamb’s MSU career.

Lamb’s service to MSU and the College did not go unnoticed by her students. She was honored with two prestigious Alumni/Chamber of Commerce Awards of Excellence for Teaching in 1989 and again in 1995, by Ezra Albrecht and Michael Weinheimer respectively.

Lamb leaves us with her legacy: an unflinching commitment to the standards of excellence for the College, and a very professional Office of Student Services. Now in her first few months of retirement, Lamb says she misses her colleagues at MSU and in the JJCBE, but looks forward to traveling to Europe and South/Central America, and maybe even Antarctica!

New Faces, cont.

LYNNEA NELSON, Office of Student Services Lynnea Nelson is an alumna of the College and serves as office manager for the Office of Student Services. A Montana native, she grew up in Helena and tells us that she comes from a family of Bobcats. Both her parents, older sibling, and a number of aunts, uncles, and cousins have all attended MSU. She was a star student while at the College and graduated with a B.S. in business, with management and marketing options, and a minor in entrepreneurship and small business management in the spring of 2013.

Nelson was a part of the business honor society, Beta Gamma Sigma, and she was the recipient of the Dean’s Award for Excellence in the management option.

As a recent graduate, she tells us working here is her first “grown up” job. Nelson wanted to stay in Bozeman and work for the College because there are many exciting things in store for the JJCBE, and working on campus provides a unique connection to a large array of individuals, activities, and opportunities.

Nelson now serves as the first point of contact for students, faculty, parents, and anyone with questions. She spends a lot of time interacting with students answering their questions, guiding them through necessary procedures and policies, and informing them about, providing them with, and directing them to, available resources.

REUNION VISITORS

Every year during spring Commencement, JJCBE alumni return for a visit during their 50, 60, or 70 year reunion.

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HONOR ROLL

OF DONORS

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INDIVIDUALS Every effort has been made to ensure that all names are listed correctly.

This list represents donations given in 2013. If your name has been inadvertently omitted or mispelled, please contact Jackie Sather at 406-994-6766 or jackie.sather@msuaf.org

A Mr. Frank & Mrs. Bonnie Ahl Mr. James & Mrs. Connie Alderson Mrs. Jenifer & Mr. Bill Alger Mr. Michael Altringer Mr. Thomas Ames Mr. Ronald Anderson Mr. Jason & Mrs. Erika Armistead Mr. Keith & Mrs. Kristine Arntzen Mrs. Tricia Asbury Mr. Ronald & Mrs. Celeste Askin Mr. Tory Atkins & Mrs. Torrian Dean-Atkins Dr. Kregg & Mrs. Tracy Aytes

B Mr. Mark & Mrs. Anne Bacigalupo Mr. Philip & Mrs. Priscilla Bailey Mr. Paul & Mrs. Timmi Baldwin Mrs. Bette Ballbach Mr. Robert & Mrs. Kelly Balzer Mr. Donald & Mrs. Nanette Barrett Mr. Gary & Mrs. Nina Bartolett Mr. Earl & Mrs. Connie Bartram Mr. Michael & Mrs. Shauna Basile Mr. Fred Bateman Mr. John & Mrs. Shihoko Beagle Mr. Jack & Mrs. Sara Beals, Jr. Mr. Mark & Mrs. Petrine Beatty Mr. Scott & Mrs. Patricia Bell Mr. Stephen Bennett Mr. M. Jeffrey & Mrs. Suzanne Berglund Mr. Bradley & Mrs. Doris Bergum Mrs. Sylvia Berkram Mr. Rein & Mrs. Monique Bertram Mr. Lyle & Mrs. Peggy Biekert Mr. Jerad Biggerstaff Maj. Gary Bishop, U.S. Army, Ret. & Mrs. Licia Bishop Mr. Robert & Mrs. Annette Bjelland

Mr. Sidney Blair Mr. Phillip & Mrs. Linda Boggio Mr. Craig & Mrs. Kathy Bolme Ms. Meg Boswell Mr. Frank & Mrs. Cheryl Boucher, Jr. Mr. Mike Bournet & Ms. Kalli Ryti Mr. Jaymie & Mrs. Kristen Bowditch Mr. John & Mrs. Sessaly Boyd Mr. Robert & Mrs. Diane Boyd Mr. Bob & Mrs. Karee Bradford Mrs. Margie Brickley Mr. Richard & Mrs. Stacy Bronec Mrs. Barbara Brown Mr. Brian & Mrs. Shelby Brown Mr. Webb & Mrs. Kathy Brown Mr. Jay & Mrs. Lynne Browne Mr. Garry Bunke Mr. George & Mrs. Susan Burgess Mr. Tuke Burgess

C Mr. Thomas & Mrs. Karen Cahill Mr. Steve Calandrella & Ms. Denise Wohlgenant Dr. David & Mrs. Tanya Cameron Ms. Nancy Cameron Mr. John Canine Mr. Don & Mrs. Shavon Cape Mr. Gary Carlson Mr. Ray & Mrs. Kim Center Ms. Gloria Cervenka Mr. Nathan & Mrs. Dela Chatriand Mrs. Julie Chelmo Mr. Brian & Mrs. Marie Clark Mr. Christopher & Mrs. Lynette Clark Mr. Roger & Mrs. Sophie Clifton Mr. John Combs Mr. Kenneth & Mrs. Stacie Connors Mr. Kevin & Mrs. Tricia Cook

Mr. Steven & Mrs. Stacey Craig Mr. Tyler Crennen Mrs. Jean Cress Mr. Steven Crossen Ms. Jill Cuniff Mr. Christopher Curran Mr. Mark & Ms. Michele Cusack

D Mr. Burke & Mrs. Rena Dambly Mrs. Jan & Mr. Paul Davis Mr. Ronald & Mrs. Dona Davis Mr. James & Mrs. Mary Davison Mr. Jerry & Mrs. Janet DeLange Mr. Anthony & Ms. Traci DelVecchio Mr. Donald & Mrs. Marilyn Derks Mr. Ron Dissly Ms. Patricia Doherty Mr. Dominic & Ms. Megan Duchesneau

E Mr. Brian & Mrs. Vicki Eggebrecht Mr. Michael & Mrs. Donita Eide Mr. Che’ & Mrs. Kelly Eissinger Mr. Todd & Mrs. Arlene Eliason Mr. Donald Eliasson Mrs. Elaine Elliott Mr. Clay Ellison & Ms. Ingrid Gustafson Mr. Gregory & Mrs. Laura Ennis Mr. Bruce Erickson Mr. Russell & Mrs. Eileen Ewan Mr. Robert & Mrs. Loraine Eyman

F Mr. Charles & Ms. Arlene Fabatz Mr. Kirk & Mrs. Andrea Falcon Mr. Peter & Ms. Tonya Farr Mr. Joseph & Mrs. Carrie Faulhaber Mr. Stefan & Mrs. Kathleen Fechter Mr. Andrew & Mrs. Victoria Field

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Ms. Frances Fields Mr. Timothy & Mrs. Michelle Fisher Mr. J. Nick & Mrs. Onalee Flynn Mr. Larry & Mrs. Debbie Fox Mr. Thomas & Mrs. Kristin Fox Mr. Mike Fralick Mr. Bradley & Mrs. Stefeni Freese

G Mr. Sean Gallinger & Ms. Lindsay Payne Gallinger Mr. Wade & Ms. Tammy Gehl Ms. Stephanie Gibson Mr. Gary & Mrs. Cindy Giem Mr. Bryan & Mrs. Anita Gilbertson Mr. George & Mrs. Alaine Gohn Ms. Kelli Goodian-Delys Mr. Lyle & Mrs. Evelyn Gorman Mr. John & Mrs. Sandra Green Mr. Donald & Mrs. Barbara Griffith Mr. Leif Griffin & Mrs. Leanne Griffin Maj. Joe Grigg, Jr. & Ms. Kathryn Grigg Mr. Lawrence & Mrs. Jerri Grogan Mr. Norman & Mrs. Patricia Grosfield Ms. Billie Gunn Mr. Kasey & Ms. Beverly Guyer

H Mr. Bryan & Ms. Johnna Hall Ms. Kate Hall Ms. Kaye Hamby Mr. Allan & Mrs. Molly Hammell Mrs. Marjorie Hanes Ms. Kerry Hanson & Mr. Glen Steinhoff Ms. Jamie Harris Mr. Michael Hart, CPA Mr. William & Mrs. Diana Hart, Jr. Mr. William & Mrs. Elizabeth Hart Mrs. Bobbi Haugen Mr. Jeremy & Mrs. Monica Hauk Mr. James & Mrs. Tracy Hawbaker Mr. Keith & Mrs. Jeanine Heider Mr. Carter Helseth, Jr. Mr. Robert & Mrs. Deborah Hendrickson Mr. David Hill Mr. Larry & Mrs. Letha Hines Mr. Frederick & Mrs. Lynn Hirschy Mr. Greg & Mrs. Kathleen Hodgins Mr. Garry Hoffman Mr. Tim & Mrs. Chery Hogan

HONOR ROLL OF DONORS Mr. Scott & Mrs. Jennie Holton Mr. Pete Horn Ms. Pam Howland Mr. Mark & Ms. Cindy Huber Mr. Franklin & Mrs. Sarah Huckins Mr. Donald & Mrs. Leslie Huffman Mr. Vincent & Ms. Anne Hull Mr. Eric & Mrs. Laura Humberger Mr. Bill Humenczuk II & Mrs. Margo Humenczuk Mr. Jody & Mrs. Petra Hurst Ms. Angela Huschka

I Mrs. Elfrieda Idleman Mr. Walter & Mrs. Betty Imlay Mr. Roger & Mrs. Betsy Indreland Mr. Dwaine & Mrs. Barbara Iverson

J Mr. Jacob Jabs Mr. William Jackson Mr. Wade & Mrs. Susan Jacobsen Mr. Joseph Janhunen Mr. Ed & Mrs. Peggy Jennings Mr. Tyler & Ms. Kim Jensen Mr. Carl & Mrs. Sheri Jessen Mr. Dooley & Mrs. Sue Johnson Mr. Gordon & Mrs. Linda Johnson Mr. James & Mrs. Sharon Johnston Ms. Gina Jones

K Mr. Alan & Mrs. Jean Kahn Mr. Timothy Kalberg Mr. Scott & Mrs. Jolyn Kanning Mr. Jerome & Mrs. Heather Karo Mr. John Karst Mrs. Martha Kelsey Mr. Ervin & Mrs. Theresa Ketterling Mr. Kevin & Mrs. Susan King Mr. Philip & Mrs. Anne Kirk Dr. Dennis & Mrs. Melodi Klemp Mr. Steve & Mrs. Anne Kloppel Mr. Scott & Mrs. Alice Klosteman Mr. Jay & Mrs. Sandra Kloster Mr. Donald & Mrs. Lynn Knight

Mr. Mark Kohoutek & Mrs. Patty MurphyKohoutek Mr. Dennis & Mrs. Wendy Kolb Mr. Tony & Mrs. Teri Kolnik Mr. William Kolski Ms. Raeanne Kooren Mr. Bret & Mrs. Lyndie Kraft Mr. Fred Krepps & Ms. Carrie Krepps, Jr. Mr. Michael & Mrs. Heather Kubas Mr. Joshua & Ms. Betsy Kurcinka

L Mr. Kenneth & Mrs. Carolyn Laddusaw Dr. Duane & Mrs. Mary Ann Lammers Mr. William & Ms. Ranae Lancaster Mr. Kenny & Mrs. Maureen Lang Mr. William & Mrs. Connie Lange Mr. William & Mrs. Jamie Langlas Mr. Jeffrey & Mrs. Tana Larson Mr. Kevin & Mrs. Dana Lasher Mr. Philip & Mrs. Susan Layher Mr. Carl Leaman, Jr. Ms. Janet Lee Mrs. Patricia Lemere Mr. Scott & Mrs. Teresa LeProwse Mr. Brian & Mrs. Amber Lewandowski Mr. Todd & Mrs. Jeanelle Lindsey Mr. Kevin Lintner Mrs. Carla Lix Mr. Joseph & Mrs. Sharlene Loendorf Mrs. Jeannie & Mr. Steve Luckey Mr. Randal & Mrs. Teri Lund Lund

M Ms. Edward & Mrs. Marjorie MacClean Mr. John MacDonald Mr. Brian & Mrs. Brenda MacNeill Mr. Jay & Mrs. Susan Madson Mrs. Chantelle Mahan Mr. Donald & Mrs. Tammy Marks, Jr. Mr. Douglas & Mrs. Patricia Martin Mr. Robert & Mrs. Barbara Marx Mrs. Debra Mason Ms. Molly Mason Mr. Ronald Matelich & Ms. Swithin McGrath Mr. Lyle & Mrs. Sarah Mattern Mr. Paul & Ms. Susan Matteucci Mr. Mark & Mrs. Inez Mattke Mr. Edward & Mrs. Maureen Maynard

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Mr. John & Mrs. Katherine McCaffery Mr. Dave & Mrs. Sheri McCurdy Mr. Bill & Mrs. Elaine McLean Mr. Chad & Mrs. Brandy McManus Mrs. Kristie Meagher Dr. William & Mrs. Carol Mealer Mr. Carl & Mrs. Carla Mendenhall Dr. Nancy Merritt Mr. Charles & Mrs. Susie Metully, Jr. Mr. Larry & Mrs. Lynda Mikkola Mr. Mark & Mrs. Catherine Miles Mr. Gerald & Mrs. Donnalee Miller Mr. Wayne Miller & Mrs. Carol Miller Mr. Martin ‘Sid’ & Mrs. Keli Miner Mr. Michael Monaghan Mr. Steven & Mrs. Susan Moore Mr. Terrill & Mrs. Tena Moore Mr. Jay & Mrs. Shelly Morasko Mr. Peter & Mrs. Dana Morgan Mr. Jeffrey & Ms. Mary Morrison Mr. Bruce & Mrs. Patrice Morse Mr. Glenn & Mrs. Joanne Mrjenovich Mr. Donald & Mrs. Cathryn Mulryan Mr. Gregg & Mrs. Teresa Murphey Mr. Don & Mrs. Cynthia Murray

Ms. Kacie Perkins Mr. Douglas & Mrs. Marcia Peterson Mr. Lowell & Mrs. Deborah Peterson Mr. Shawn & Mrs. Lisa Peterson Mr. Bill & Mrs. Marilyn Pettit Mr. Robert Petitt & Mrs. Kerry Austin-Petitt Mr. Thomas & Mrs. Joyce Pickard Mr. Jim & Mrs. Serena Pierce Mr. David Pinto & Ms. Shelly Wong-Pinto Dr. John Printy Mr. Jason & Mrs. Lori Purpura

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Mr. Kurt & Mrs. Gail Nelson Mr. William Nesbit Mr. Alan & Mrs. Nancy Nicholson Mr. Lonnie & Mrs. Patti Niswanger Ms. Kathleen Nixon Mr. Daren & Mrs. Shelby Nordhagen

Dr. Ron & Mrs. Jane Rada Mr. Donald Radenbaugh Ms. Vickie Rauser Mr. John & Mrs. Sharon Reynolds Mr. Jake & Ms. Rebekah Rhoades Ms. Ursula Richter Mr. Sean & Ms. Andrea Ridl Mr. David & Mrs. Nancy Rigg Mr. Neal & Ms. Marla Riley Mr. John & Mrs. Dawn Ripley Mr. Jay & Mrs. Phyllis Ritland Mr. Robert & Mrs. Susan Rivinoja Mr. Ben & Mrs. DeeDee Rixe Mr. Duane & Mrs. Barbara Robertson Mrs. Jeanne Roby Mr. Ralph Roscoe Mr. Corbin & Ms. Jody Ross Ms. Virginia Ross Mr. Leif & Mrs. Barbara Roys Mr. Joseph Ruffatto

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Mr. Aaron & Ms. Sunny Odegard Mr. Christopher & Mrs. Connie Odegard Mr. Wes & Mrs. Barbara Oja Mr. Jerry & Mrs. Kathy Olds Mr. Edward Olson & Mrs. Jeannine Haugan-Olson Mr. Joseph Ottoy

Mr. Fred Sagebaum Mr. Jason & Mrs. Shan Salois Mrs. Kathleen Sanchez Dr. Thomas and Mrs. Jackie Sather Mr. John & Mrs. Annette Schipf Mr. Eric Schmidt Mr. Philip & Mrs. Tanya Schneider Mrs. Jean & Mr. Franklin Schoonover Mr. John Schuler Mr. Thomas Scott Ms. Valory Seely Mr. Nathan Seibel Mr. Stephen Sendon Mr. Ira Shaulis Mr. Thomas & Mrs. Ronda Simkins

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P Mr. Paul & Mrs. Cresta Pahut Mr. Thomas & Mrs. Lexie Pankratz Mr. John Pannell Mr. Richard Pappin Mr. Harlan & Mrs. Linda Patterson Mr. Robert & Mrs. Mary Peck Mr. Beau Perkins

Mr. Stephen Sindelar Ms. Kari Skedsvold & Mr. Robert Workmeister Mr. Christopher Smith & Ms. Terese Higbie-Smith Mr. Michael & Mrs. Carol Smith Dr. Stephen & Mrs. Nancy Smith Ms. Marlene Snodgrass Mr. Kenneth & Mrs. Donna Snyder Mr. Rodney & Mrs. Robin Sorensen Ms. Violetta Sorokina Mr. Scott St. John Mrs. Maxine Stamper Mr. Murray Steinman Mr. Samuel Stevenson Mr. John Stickel Mr. Brian & Mrs. Doreen Stoppel Mr. Thomas & Mrs. Norma Stroeher Mr. Scott Summers & Mrs. Kristi Johannsen Summers Mr. Dan Sundling Mr. Carl Swanson & Mrs. Dixie Swanson Mr. Murray & Mrs. Thea Swenson

T Ms. Suzi & Mr. Scott Taylor Mr. Wyman & Mrs. Dee Taylor Mr. Bob & Ms. Debra Thomas Mr. Brian & Mrs. Laura Thomas Hon. Fred & Mrs. Suzzie Thomas Mr. Spencer Thomas Mr. David & Mrs. Vicki Thompson Mr. Timothy & Mrs. Cindy Thompson Mr. Timothy & Mrs. Paige Thompson Mr. Jim & Mrs. Miriam Tilleman Mr. Steve Timmerman Mr. Clint & Mrs. Angie Tinsley Mr. Mark & Mrs. Vickie Tischendorf Ms. Kathleen Tonkovich Mr. Fred & Ms. Virginia Traeger

U Ms. Ruth Uhl Mr. Sox Ullman Jr. Ms. Janet Ulrich Mr. Tom & Mrs. Esmerelda Upton

V Mr. Greg & Mrs. Joni Van Arsdale, Sr. Mr. Trevor & Ms. Kylene VanCampen Mr. Michael VanDyken & Mrs. Elise

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Burkart Mr. Curtis & Mrs. Kristin Van Luchene Mr. Jay & Jessica Van Voast Mr. Cory & Ms. Pam Vellinga Mr. Dan & Ms. Brandie Villa Mr. Kyle Viste

W Mr. Richard Wagner Mr. Kitch & Mrs. Nikki Walker Ms. Patricia Walker Mr. Jerry Waller Mr. Fred & Mrs. Karen Town Walsh

HONOR ROLL OF DONORS Mrs. Katie & Mr. John Walsh Mrs. Jan & Mr. Rick Waltenbaugh Mr. Bill & Mrs. Susan Ward Mr. Michael & Mrs. Linda Ward Mr. Thomas Warfield Mrs. Shauna Watson Mr. Robert & Mrs. Keri Wheeler Ms. Janice Whetstone Mr. James Whitbeck Ms. Katie Whitbeck Mr. Frank Willett & Mrs. Arleen Boyd Mr. James & Mrs. Marilyn Williams Mr. James & Mrs. Terri Williams

Mr. Rocky Williams Mr. Todd & Mrs. Kristen Williamson Mr. Tanner Willis Mr. Jim & Mrs. Veronica Wing Mr. Anthony & Mrs. Melanie Woolery Mr. Kreg & Mrs. Diane Worrest Mr. Robert Wright

First Security Bank Foundant Technologies, Inc. Galusha Higgins & Galusha GlaxoSmithKline Foundation Harrington Bottling Company (PepsiCola) Heartland Financial USA, Inc. Highland Liquors, Inc. Hill’s Pet Nutrition, Inc. Home Instead Indreland Ranch Angus Beef ING Foundation J&H Office Equipment, Inc. Jake Jabs Charities Joseph Eve, CPA Knees Butte Farm, Inc. KPMG Foundation Lockheed Martin Corporation Microsoft Corporation Montana Bankers Association Montana Chamber Choices Montana Chamber of Commerce Montana Community Foundation Montana Department of Transportation DBE Program Montana Society of CPA’s Morrison-Maierle, Inc. MRCH-Livingston, LLC dba MT’s Rib & Chop House

MSU Accounting Club Murdoch’s Ranch & Supply NorthWestern Energy Northwestern Mutual Oracle Oracle Corporation Matching Gifts Program Pettit Farms, Inc. PricewaterhouseCoopers, LLP PrintingForLess.com Ritland Farms Rocky Mountain Bank Rudd & Company Spirited Holdings, Inc. (Old Chicago) State Farm Insurance Stockman Bank U1 Gaming US Bancorp Foundation Verizon Foundation Wells Fargo Matching Gift Program

Y Dr. David Yarlott & Mrs. Beth Howe-Yarlott

ORGANIZATIONS ABC FOX Montana Advent Software American Bank American Federal Savings Bank American Furniture Warehouse Ameriprise Financial, Inc. Anderson ZurMuehlen & Co., P.C. Askmore, Inc. Bank of America Corporate Affairs Big Sky Chapter of the Association of Certified Fraud Examiners BioScience Laboratories BlueCross BlueShield Boeing Company Budget Instant Print, Inc. CenturyLink Colgate-Palmolive Co. ConocoPhillips D.A. Davidson & Co. Deloitte Foundation Dick Anderson Construction Donate for a Cause, Inc. (Bacchus Pub) East Main Liquor Eide Bailly, LLP Elixiter, Inc. Ernst & Young Foundation Fidelity Investments Charitable Gift Fund First Interstate Bank First Interstate Bank Foundation

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ENDOWMENTS We thank the following individuals and businesses who have honored the Jake Jabs College of Business & Entrepreneurship (JJCBE) with established endowments.

Endowments are a way to match a donor’s interest with MSU’s priorities, needs, and objectives. Working together, the JJCBE and the donor create an endowment that reflects a commonality of goals. Endowment gifts may be set up to offer a scholarship to an exceptional student, support an outstanding professor, award excellence, and honor loved ones. Because endowments are held in perpetuity and invested for the long term, these gifts provide one of the most secure sources of future revenue. Thank you!

Alderson Program in Entrepreneurship Pat and Helen Ames College of Business Scholarship Anderson ZurMuehlen Accounting Scholarship Mary Frances Bennett Scholarship Big Sky Western Bank Business Scholarship John & Lois Blankenhorn Scholarship John W. Blankenhorn Fund for Excellence Mike Bowen Memorial Gary K. Bracken Program for Excellence in Undergraduate Business Education Donald W. Bullock Scholarship Cameron Pioneer Memorial Business Scholarship David & Tanya Cameron Excellence in Business Scholarship Nancy Cameron Professorship in Business Carstensen/Haferman RightNow Technologies Scholarship Susan Carstensen and Larry Haferman Excellence in Teaching Award Teresa L. Clopton Business Scholarship College of Business Accounting Faculty Endowment College of Business Dean’s Endowment College of Business Faculty Development Endowment Gil Crain Memorial Scholarship D.A. Davidson Investor Education D.A. Davidson Scholarship D.A. Davidson Silver Fund

Farmer Anderson Memorial Scholarship Financial Institutions Enhanced Chair Harrington’s Bottling Company in Honor of Bob Arrotta Student Mentorship Scholarship Russ B. Hart Fund Harold & Reta Haynes Faculty Development Endowment Harold & Reta Haynes Student Mentoring Harold & Reta Haynes Superior Performance Award Barbara & Scott Heck Business Scholarship Barbara & Scott Heck Faculty Scholar Daniel G. Hertz Accounting Scholarship Jake Jabs Center for Entrepreneurship Junkermier, Clark, Campanella, Stevens Scholarship Howard Kelsey Memorial Scholarship Alice Knowles Scholarship KPMG Fund for Professional Accounting Development Harvey A. Larson Endowment for Excellence Harvey A. Larson Scholarship Joe and Sharlene Loendorf Excellence in Teaching Award Mary Elizabeth McClure Memorial Scholarship Mike McCue Memorial Scholarship Norm Millikin Excellence in Outreach and Teaching Award Sid and Keli Miner Fund for Business Excellence

Bettie Eagle Nelson & Peggy Roman Taylor Scholarship Thomas E. Nopper Academic Excellence Orser Endowment for Student Success David W. & Dorothy E. Patterson Scholarship Amy H. Pound Memorial Scholarship Frank Preston Business Scholarship Grace Rosness Memorial Scholarship Elizabeth Seitz Moyer Scholarship Robert G. Simkins Memorial Scholarship State Farm Insurance Family Business Program Syverson Family Scholarship Jerry Trainer Excellence in Business Scholarship U.S. Bank Bozeman Scholarship Uzurahashi Endowment for International Studies Doris Wood Endowment for Business

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THANK YOU to our JJCBE Staff The JJCBE’s support staff provides vital assistance to our administrative team, faculty, and students in a variety of ways. From preparing payroll, drafting budgets, coordinating position searches, to faculty and student support, event planning, and project management and development, they demonstrate hard work and dedication. We would like to express our gratitude and appreciate for their support.

Audrey Capp Director of Communications & Public Relations

Lisa Daniels Director of the Bracken Business Communications Clinic

Eleanor Inglis

Phyllis Johnson

Liz Greenfield

Rilla Esbjornson

Assistant Director, Office of Student Services

Editor I Faculty Services Office

Lynnea Nelson Administrative Associate, Office of Student Services

Halina Rickman

Administrative Associate, Faculty Services Office

Administrative Associate, Communications & PR

Alison Todd

Brenda Truman

Linda Ward

Jackie Sather

Administrative Associate to the Interim Associate Dean for Administration and Finance

Director, Office of Student Services

Assistant Director, The Bracken Center

Senior Director of Development, Unit Lead (MSU Foundation)

Annual Report Online In 2008, the JJCBE created an online version of the Annual Report as a way to keep you updated on College activities and news while striving to manage our financial resources wisely. As we move forward, the JJCBE continues this tradition by linking our homepage to our online interactive Annual Report. Please e-mail collegeofbusiness@montana. edu if you wish to continue to receive a hard copy of the Annual Report.

Thank you for your continued support!

Admistrative Associate to the Dean

Find MSU Jake Jabs College of Business & Entrepreneurship on Facebook facebook.com/MontanaStateCOB

MSU Jake Jabs College of Business & Entrepreneurship is also on LinkedIn

NONPROFIT ORGANIZATION U.S. POSTAGE PAID PERMIT NO. 69 BOZEMAN, MT 59718

P.O. Box 173040 Bozeman, MT 59717-3040 www.montana.edu/cob 406-994-4423

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