CofC Logo
Ask the Cougar

As the School of Business at the College of Charleston begins its fall 2015 semester, it welcomes new faculty, as well as some familiar faces to new administrative positions.

Joshua Davis, chair and associate professor, Department of Supply Chain and Information Management, has been named associate dean of the School of Business. Davis, who joined the College of Charleston School of Business in 2009, holds a Ph.D. in business administration (management information systems) from the University of South Carolina and a master of science degree in computer information systems from Missouri State University. He will continue to chair the Department of Supply Chain and Information Management as he assumes his new role in the Office of the Dean.

Elaine Worzala, professor of real estate, is continuing in her role as executive director of the Carter Real Estate Center.

Wayne Smith, associate professor, assumed the role of department chair for the Department of Hospitality and Tourism Management. Smith received his Ph.D. from the Department of Geography and Environmental Studies at Wilfrid Laurier University, and his master of arts degree from the Department of Recreation and Leisure Studies at the University of Waterloo, both in Waterloo, Ontario. Smith has been a member of the College of Charleston School of Business faculty since 2006.

Sandy Krezmien-Funk was named interim director, Student Success Center and external relations, for the School of Business.  Krezmien-Funk, who served as the School’s director of marketing and external relations for 5 years, now leads a professional team that serves the academic, professional development and engagement needs of business students as well as builds new employer relations for undergraduate students. Previously, she taught business communication and advanced public relations for the College of Charleston, bringing industry knowledge from her 10 years in the corporate marketing, investor relations, and communications field.

Marcia Snyder, who previously served as the director of the Student Success Center, will continue in her role as assistant dean of student learning and accreditation and senior instructor for the Department of Finance.

P. George Benson, professor of decision science, is teaching in the Department of Supply Chain and Information Management after a one-year sabbatical. Benson served as the president of the College of Charleston from 2007 to 2014. Previously, he was the dean of the University of Georgia’s Terry College of Business. Benson holds his Ph.D. in decision sciences from the University of Florida.

Additionally, Deepti Agrawal and Luis A. J. Borges joined the Department of Supply Chain and Information Management. Agrawal, assistant professor, holds a Ph.D. in management information systems from the University of Memphis. Her teaching interests include business analytics and big data, database management, IT infrastructure, application development and programming. Borges, visiting assistant professor, received his Ph.D. from Marquette University in industrial engineering. He joins us from Hasan School of Business, Colorado State University.

David L. Coss, associate professor, and Timothy S. Doupnik, assistant professor, joined the Department of Accounting and Legal Studies. Coss, previously an assistant professor at Virginia Tech University, holds a Ph.D. from Virginia Commonwealth University and an MBA from the University of Nevada Las Vegas. Doupnik joins us from the University of South Carolina. His degrees include a Ph.D. in accountancy and a master of science in accounting from the University of Illinois at Urbana-Champaign.

The College of Charleston School of Business’ Initiative for Public Choice and Market Process has received approval by the College of Charleston’s president and provost to be recognized as a Center of Excellence, effective August 10, 2015. The Center for Public Choice and Market Process (CPM) was founded as the Initiative for Public Choice and Market Process in 2008 to advance understanding of the economic, political, and moral foundations of a free society.

“Congratulations to Peter Calcagno and his students who have worked diligently on building the recognition of the Initiative for Public Choice and Market Process – now a Center,” said Alan T. Shao, dean of the School of Business at the College of Charleston.  “Being named a ‘Center of Excellence’ is a coveted recognition on our campus, and it is a testament to the quality and commitment of Dr. Calcagno’s work for his students and supporters of his program.”

Peter Calcagno“The Center designation provides our program higher visibility to the campus community and to the public in the Charleston region,” said Peter Calcagno, professor of economics and CPM director.

Over the last seven years, the Initiative hosted approximately 20 events per year with more than 1,000 participants annually, including the BB&T Free Market Speaker Series and Adam Smith Week. These events bring to campus prominent business leaders, academics and journalists, and draw a lot of interest among students. The annual Adam Smith Week helps create awareness and explores important topics in political economy by engaging students, faculty, and the community in the discussion of Adam Smith and his economic philosophy.

“I am proud to support the great work done by Dr. Calcagno and pleased to see the well-earned recognition of the important contributions the Initiative has made advancing the principles of a free society,” said John Cerasuolo, president and CEO of ADS Security.

Since the Initiative’s inception, 25 faculty research projects across campus have been funded, which has led to over a dozen publications, working papers and conference presentations. In addition, nearly two hundred students have been involved in discussions of important books in economics through the Economics Book Colloquium, and two student interns have been hired each year.

“It is essential to our future well-being that students and the greater community understand the philosophic and economic principles that are the foundation for a free and prosperous society,” said John A. Allison, retired president and CEO of BB&T. “This is the critically important work of the Center.”

The CPM will continue the Initiative’s mission by building on established programs, as well as expanding on new programming by engaging College of Charleston students and faculty as well as the larger Charleston community in important discussions on timely topics related to free society, markets, and the role of government. The creation of the CPM will help expand the program in several significant ways:

  • The Market Scholars Program, which recognizes and develops talented College of Charleston students. Starting in fall 2015, six Market Scholars will see more engagement in organization of Center’s events and programs. Market Scholars will get rich experiences by getting more involved in Center’s events through face-to-face interactions with business and non-profit leaders and scholars, annual field trips, participation in conferences, and mentorship programs.
  • The CPM will establish an advisory board, which will be composed of academic and business leaders committed to advancing the ideas of a free society.
  • The CPM will engage students at the College of Charleston in its day-to-day operations through several internship programs helping to make students “ready to work.” Student interns will be responsible for marketing and communications, event planning and coordination. They will also attend public talks, lectures, and other events to learn about the CPM’s mission to advance understanding of a free society.

 

About the Center for Public Choice & Market Process
The Center for Public Choice & Market Process was created in 2015 following the growth in programming of the Initiative for Public Choice and Market Process, which was founded in the fall of 2008. The Center advances the understanding of the economic, political and moral foundations of a free market society. The Center supports the growth and development of teaching and research at the College of Charleston School of Business while engaging students and the Charleston community. Visit the Center’s website or Facebook page, or contact Peter Calcagno, Center director, at [email protected] or 843-953-4279 to learn more about events, programs, and funding opportunities.

About the School of Business

College of Charleston’s School of Business has 2,300 students enrolled in ready-to-work programs including eight undergraduate majors, an Honors Program in Business, several interdisciplinary minors, and two master’s programs in business and accountancy. The School of Business is recognized among the top 30 colleges for studying business abroad by the Business Research Guide. The faculty’s scholarly research expertise is steeped in areas such as supply chain management, cross-cultural marketing, executive leadership, hospitality and tourism, political economics, financial investment, bankruptcy, entrepreneurship, commercial real estate, and consumer research. Visit http://sb.cofc.edu to learn more about our students’ achievements, undergraduate and graduate programs, faculty, and Centers of Excellence.

 

Peter CalcagnoPeter Calcagno, professor of economics and director of the Center for Public Choice and Market Process, spoke to the South Carolina Small Business Regulatory Review Committee on August 14 at its monthly meeting.

Calcagno presented “Economic Financial Incentives: Market Friendly vs. Business Friendly” to the Committee, which is made up of 11 business owners who have volunteered their time to review current regulatory issues facing small businesses. The members have the ability to either work with the agency of the General Assembly, when necessary, or assist in getting an alternative regulation adopted if it appears that the regulation puts undue pressure on small business.

In his presentation, Calcagno advocated that targeted financial incentives are not a productive policy for promoting economic growth. Rather, he posited that policies benefiting business across the board – both existing and new firms – should be implemented.

“We need to encourage policy makers to create policies that make South Carolina a state in which all business would want to operate their firms,” said Calcagno. “The economics literature is very clear that providing targeted subsidies benefits large firms without delivering the economic growth promised.”

Calcagno’s research interests lie in public choice economics, political economy and public finance.

“The success of small businesses is critical to the economic development of South Carolina,” said Alan T. Shao, dean of the School of Business. “Peter’s leadership of the Center for Public Choice and Market Process and his industry insights are incredibly beneficial to the state’s progress on this important matter.”

 

About the Center for Public Choice & Market Process
Founded in the fall of 2008, the Initiative for Public Choice & Market Process became a Center in 2015. The Center advances the understanding of the economic, political and moral foundations of a free market society. The Center supports the growth and development of teaching and research at the College of Charleston School of Business while engaging students and the Charleston community. Visit the Center’s website or our Facebook page to learn more about events, programs, and funding opportunities, or contact Peter Calcagno, Center director, at [email protected] or 843-953-4279 for more information.

The College of Charleston School of Business’ Center for Public Choice & Market Process (CPM) is proud to announce the 2015-2016 class of Market Process Scholars. They include:

  • David Ahnen, junior, political science and economics
  • Katherine Lawson, junior, economics and business administration
  • Mary Elizabeth “Liz” Ward, sophomore, economics and mathematics with a focus in actuarial studies, minor in psychology

This is the second class of Market Process Scholars who are recognized for their exceptional academic records and interest in economic, political, and moral foundations of a free society. These three students represent the goals of the CPM through their commitment to a well-rounded, liberal arts approach to learning about economics. The new students join the existing cohort of three Market Process Scholars Schylar Brock (senior, economics and math), Mary Frances “Frankie” Zeager (senior, economics), and Elizabeth Mandell (junior, economics).

About the Market Process Scholars

David Aahnenhnen is a junior Honors College student from Bedford, N.H. He is double majoring in political science and economics. Ahnen’s research interests include linguistics, political economy and development economics. Aside from being involved in the Center for Public Choice and Market Process, David is a tour guide for the College of Charleston, a marathon runner, an Honor Board Member, and an economics tutor in the Center for Student Learning.

 

Katherine Lawson is a junior majoring in economics and business administration and is from Arlington, Virginia. An Angel Oak Scholar, Katherine’s interests lie in real estate and economic development. She recently studied abroad in Dubai, UAE and completed a summer internship in Washington, D.C. with Uniwest, a real estate development company. At the College of Charleston, Katherine is the vice president of the Dean’s Student Forum and a member of the Honor Board, the Real Estate Club, and Kappa Alpha Theta. Additionally, Katherine is enrolled in the ICAT accelerator program this year, which offers an opportunity for students to start up their own technology companies and compete for funding amongst other teams.

Mary Elizabeth “Liz” Ward is a freshman at the College of Charleston from Mount Pleasant, S.C. She is working towards a degree with dual majors in economics and mathematics with a focus in actuarial studies, and a minor in psychology. She plans to obtain her Ph.D. in economics. Outside of class she is a member of the Debate Team, Psychology Club, and volunteers with CisternYard News Magazine.

 

About the Market Process Scholars Program

The Market Process Scholars program was established in 2014 in order to recognize and develop talented College of Charleston students. The program is designed as a learning boost for exceptional students and provides a unique undergraduate multi-year experience that assists in the development of an understanding of economics in a free society, research skills, and practical business knowledge. By working with the students throughout the course of three years, the program prepares students for graduate school, the non-profit policy world, or the business world.

As part of the Center for Public Choice & Market Process, the Market Process Scholars program advances the understanding of the economic, political, and moral foundations of a free society. The Market Process Scholars participate in a variety of activities including tours of regional organizations, economic roundtable discussions, economics book colloquiums, brownbag policy discussions, and business etiquette training. Each of the Market Scholars is partnered up with a faculty member who serves as the student’s mentor. Visit the Market Process Scholars webpage to learn more about the program.

About the Center for Public Choice & Market Process
Founded in the fall of 2008, the Initiative for Public Choice & Market Process became a Center in 2015. The Center advances the understanding of the economic, political and moral foundations of a free market society. The Center supports the growth and development of teaching and research at the College of Charleston School of Business while engaging students and the Charleston community. Visit the Center’s website or our Facebook page to learn more about events, programs, and funding opportunities, or contact Peter Calcagno, Center director, at [email protected] or 843-953-4279 for more information.

Elaine Worzala, executive director of the Carter Real Estate Center and professor of real estate, is one of 28 industry experts published in the book, Real Estate Success: 12 Leadership Strategies to Make Money Regardless of the Global Economy.

Dr. Elaine Worzala, executive director, Carter Real Estate Center.

Dr. Elaine Worzala, executive director, Carter Real Estate Center.

The publication, written by Margot Weinstein, president and CEO of MW Leadership Consultants LLC and broker associate for Metropolitan Real Estate Group Inc., provides tips to help real estate brokers, agents, investors and educators excel. Worzala lends her expert advice about how to succeed in the real estate industry in her 5-page interview. Chapter 40 highlights her experiences in academics and real estate over the last three decades.

“Margot Weinstein has done a terrific job capturing the viewpoints, experiences and advice of some incredible icons in the real estate industry,” said Worzala. “I am honored to be in this book both as a professional and as a woman,” she added.

The book is a resource for students to help them understand real estate and forge their career paths. CEOs and top producers provide insight into topics including teamwork and collaboration, mentoring relationships, professionalism, and entrepreneurial skills.

“Real estate fuels a significant portion of the global economy, and we are proud to have a world-class researcher on the topic here,” said Alan T. Shao, dean of the School of Business. “Elaine’s dedicated leadership of the Carter Real Estate Center and her industry-leading insights earn deserved attention and help elevate our programs.”

The Carter Real Estate Center brings together students, alumni, faculty and industry leaders to network and develop further understanding of the industry. The Center connects students with business professionals for post-graduate job placements.

For more information about the Carter Real Estate Center or the real estate academic program, contact Elaine Worzala at [email protected] or 843.953.8121.

About the School of Business
College of Charleston’s School of Business has 2,300 students enrolled in ready-to-work programs including eight undergraduate majors, an Honors Program in Business, several interdisciplinary minors, and two master’s programs in business and accountancy. The School of Business is recognized among the top 30 colleges for studying business abroad by the Business Research Guide. The faculty’s scholarly research expertise is steeped in areas such as supply chain management, cross-cultural marketing, executive leadership, hospitality and tourism, political economics, financial investment, bankruptcy, entrepreneurship, commercial real estate, and consumer research. Visit http://sb.cofc.edu to learn more about our students’ achievements, undergraduate and graduate programs, faculty, and Centers of Excellence.

This July, the Wells Fargo Foundation awarded the College of Charleston a grant of $100,000 that is purposed to grow the Wells Fargo Business Scholarship. Created by the bank in 1998, the Wells Fargo Business Scholarship annually supports two students majoring in the College’s School of Business who are planning to pursue careers in finance or banking upon receiving their degrees.

(L-R) Alan T. Shao, Len Hutchison, and College of Charleston President, Glenn McConnell

(L-R) Alan T. Shao, Len Hutchison, and College of Charleston President, Glenn McConnell

“Wells Fargo is one of the most ardent and longstanding supporters of our finance programs,” says Alan Shao, dean of the School of Business. “The scholarships that they have made possible through their corporate endowment give us the opportunity to continually support top talented business students. A simple ‘thank you’ is not enough to express our appreciation for Wells Fargo’s partnership.”

“Quality education is the most important investment we can make for our future and that of coming generations,” says Len Hutchison, senior vice president, Charleston market president, Wells Fargo. “Wells Fargo is proud of its many years of supporting College of Charleston students, and we are especially excited about our scholarship in the School of Business. It allows us to play a role in supporting students who have great potential for success in the finance and banking industries, and our recent gift will expand that impact.”

Wells Fargo is among the College of Charleston’s most longstanding corporate donors. The bank, both in its recent years as Wells Fargo and in the past as predecessors Wachovia and First Union, has demonstrated a consistent track record of philanthropy to the institution that dates back to the mid-1980s. Its philanthropic support has helped to fund the construction of the Marlene and Nathan Addlestone Library and the Beatty Center. Additionally, the bank has created three endowed funds that support mission-critical programs and opportunities in multiple areas of the college. These include the Wells Fargo Business Scholarship, the Wells Fargo Distinguished Lecture Series that is a signature element of the Carolina Lowcountry and Atlantic World Program, and a student internship in the Avery Research Center for African American History and Culture. Wells Fargo also supports the College’s athletics program by making an annual Cougar Club gift.

Link to original article on The College Today.

ARGUS Software Inc. has partnered with the College of Charleston School of Business for the past two years to provide educational access to its software for students, alumni and other professionals. This spring, ARGUS upped its commitment to the College by licensing the use of its recently released ARGUS Enterprise software package to us for the 2015-2016 academic year. The commercial real estate valuation software, considered the highest industry standard used by institutional commercial real estate investors, is valued at $1,147,500 and will be available for up to 50 student users and one professor of record.

ARGUS Enterprise will be incorporated into commercial real estate courses and professional workshops to provide extensive, hands-on exposure for student interns seeking employment and for alumni and other professionals requiring further skill development. Users will learn how to quickly and accurately analyze commercial real estate assets and transactions, understand market conditions and risks, develop strategic business and marketing plans, forecast property cash flows, share asset and other data with clients, and navigate complex international deals.

Elaine Worzala, associate dean of the School of Business, executive director of the Carter Real Estate

Dr. Elaine Worzala, associate dean, executive director, Carter Real Estate Center.

Dr. Elaine Worzala

Center and professor of real estate, facilitated the software gift with ARGUS and works directly with industry executives who understand the valuable, relevant skills that our students, alumni, and industry professionals will gain.

“Students and alumni are learning the tools and skills required to work in real estate investment, particularly in major metro cities such as New York, Chicago, L.A., and Atlanta, where large institutional investment firms reside. The quality of learning will continually elevate our program and position our students and alumni to compete for great career advancement,” says Worzala.

“ARGUS is an invaluable tool for my business,” says CofC alumnus, Kathryn Matrangola, a commercial broker with Domicile Charleston. “At a recent one-day learning workshop, I gained the ability to create detailed pro-formas that would exceed client expectations, no matter the transaction. We applied real case studies in order to understand the process from risk to reward. I’m grateful to Elaine and the Carter Real Estate Center for the learning experience. I have more confidence and a greater understanding of market trends and commercial transactions as a result of the workshop.”

For more information about the Carter Real Estate Center or the real estate academic program, contact Elaine Worzala, associate dean of the School of Business and executive director of the Carter Real Estate Center, at [email protected] or 843.953.8121.

About the School of Business
College of Charleston’s School of Business has 2,300 students enrolled in ready-to-work programs including eight undergraduate majors, an Honors Program in Business, several interdisciplinary minors, and two master’s programs in business and accountancy. The School of Business is recognized among the top 30 colleges for studying business abroad by the Business Research Guide. The faculty’s scholarly research expertise is steeped in areas such as supply chain management, cross-cultural marketing, executive leadership, hospitality and tourism, political economics, financial investment, bankruptcy, entrepreneurship, commercial real estate, and consumer research. Visit http://sb.cofc.edu to learn more about our students’ achievements, undergraduate and graduate programs, faculty, and Centers of Excellence.

Three 2015 College of Charleston graduates have been granted full scholarships and stipends to Hong-Kong-based Lingnan University’s Master of Science in Human Resource Management and Organizational Behaviors (MSc HRMOB) program.

Kristin Furfaro ’15 (hospitality and tourism management, business administration), Nicholas Mueller ’15 (M.S. in accountancy), and Ashley Gresens ’15 (political science), depart this August to begin the one-year program at Lingnan University. Each student will receive approximately $19,600 in tuition plus a stipend up to $6,400 to cover the cost of the program and some living expenses while they are enrolled.

Furfaro plans to pursue a career in human resources director in the hospitality industry.

“Pursing a master’s degree at Lingnan University will allow me to develop educationally, culturally, and personally, as this experience is somewhat out of my element,” says Furfaro. “I’d love to one day work for a corporate hotel in human relations, and this program will help me to get closer to my goal.”

Nancy Chen, the director of the MSc HRMOB program, conducted the first round of interviews in person in November 2014 in Charleston, and the second round via Skype in January 2015. Requirements to qualify for the scholarship include a degree from the College of Charleston, a minimum GPA of 3.0, two letters of recommendation from School of Business faculty, and a demonstrated interest in the human resources profession.

“I am very proud of these three bright students and also excited about the life-changing opportunity for

Henry Xie, associate professor of marketing and international business

Henry Xie, associate professor of marketing and international business

them,” says Henry Xie, associate professor of marketing and international business at the College of Charleston School of Business. “It is also the start of a longer-term relationship between the College and Lingnan Universtiy, an AACSB-accredited business school, to exchange more students.”

Xie championed the Lingnan University scholarship program at the School of Business since he guest lectured at the Hong Kong-based university during his sabbatical in Spring 2013. He also collaborates with Chen on a number of research projects. Xie will lead a study abroad trip to Hong Kong and China this year for College of Charleston undergraduate students. Several Lingnan students will join College of Charleston students in Hong Kong and Chengdu, China as part of a joint learning program.

The MSc HRMOB program at Lingnan University is a one-year, English-oriented program. The program aims to equip students, entering either with business degrees or non-business degrees, with the necessary management competencies to pursue careers in human resource management and leadership.

About the School of Business

College of Charleston’s School of Business is the academic home to 2,300 students achieving pursuits in eight undergraduate majors, an Honors Program in Business, nine minors and several interdisciplinary concentrations, an M.S. in Accountancy and an MBA program.  The School of Business is recognized among the top 30 colleges for studying business abroad by the Business Research Guide. The faculty’s scholarly research expertise is broad and steeped in areas such as supply chain management, cross-cultural marketing, executive leadership, hospitality and tourism, political economics, financial investment, bankruptcy, entrepreneurship, commercial real estate, and consumer research. Visit http://sb.cofc.edu to learn more about our students’ achievements, undergraduate and graduate programs, faculty, and Centers of Excellence.

The College of Charleston’s emphasis on global learning is underscored by the high achievement of 50 graduates student who were recently recognized for earning the Global Scholars designation. The recipients were honored with a commemorative medal that was also worn at commencement on Saturday, May 15. The honorees represented 11 different academic disciplines with international business having the highest number with 14 graduates.

The Global Scholars Program, co-founded in 2007 with the support of a Title Via grant and is co-directed

L - R: Krystyna Rastorguieva '15 and Rene Dentiste Mueller, professor of marketing and co-director of the Global Scholars Program.

L – R: Krystyna Rastorguieva ’15 and Rene Dentiste Mueller, professor of marketing and co-director of the Global Scholars Program.

by Rene Dentiste-Mueller, professor of marketing and director of the Global Business Resource Center, and Joseph R. Weyers, professor of Spanish in the department of Hispanic Studies. It is a university-wide program designed to increase the capacity of students and faculty to contribute as global citizens. The program aims to meet the changing demands brought about by globalization and recognize students and faculty members who structure their learning and work around developing a diverse worldview.

The first Global Scholars cohort graduated in 2010. Today, 198 College of Charleston alumni have earned the Global Scholars designation and 41 faculty members have also earned the distinction, marking the university’s rising national recognition for global learning experiences. In 2014, the Business Research Guide website cited the College of Charleston School of Business at #15 among its 30 Great U.S. Colleges for Studying Business Abroad.

Among this year’s Global Scholars class was Krystyna Rastorguieva ‘15, who was also recognized by the School of Business with the Most Outstanding International Business Student Award.

Krystyna Rastorguieva '15, Global Scholar

Krystyna Rastorguieva ’15, Global Scholar

A Ukrainian native, Krystyna moved to the U.S. when she was 18 and endured culture shock for several years until the Global Scholars program and Dr. Mueller helped her realized the value and potential within her as a result of her diverse background and transition experience.

“Through the academic rigor, I discovered the interconnectedness of people and countries, and appreciation for real cultural differences and that we cannot escape in our personal lives or in business. It’s through our differences that we find better solutions to global challenges, especially in import and export businesses,” says Krystyna. “I’m grateful for the global learning journey as it motivated me to make the most of my academic experiences including lectures and events outside the classroom that proved to grab the attention of employers.” She is now working as an intern at C.H. Robinson, a leading global logistics company with 11,000 employees worldwide, where she is applying her international experience.

To earn the student designation credentials, the requirements include a minimum of 3.0 gpa, 18 hours of global themed coursework in at least three disciplines, foreign language oral proficiency on the TOEFL standardized test, a related global learning experience, attendance at six or more campus or community global themed events, and advising sessions with a Global Scholars mentor.

“One very notable accomplishment of our Scholars is that the 198 who have taken professional proficiency exams over recent years have scored at least at the Intermediate level for Western languages. It is a hallmark of achievement and very impressive,” says Dr. Weyers.

The five College of Charleston faculty and staff members who achieved recognition include Daniel Huerta-Sanchez and James Malm assistant professors of finance, Ya You, assistant professor of marketing, Carmen Grace, assistant professor of Hispanic Studies, and Laura Moses, staff associate in the School of Languages, Cultures and World Affairs.

Faculty are required to produce peer-reviewed scholarly activities with an international or global thesis, conduct professional work abroad, demonstrate foreign language oral proficiency, attend international events, and serve as a mentor to a student scholars.

 About the School of Business

College of Charleston’s School of Business is the academic home to 2,300 students achieving pursuits in eight undergraduate majors, an Honors Program in Business, nine minors and several interdisciplinary concentrations, an M.S. in Accountancy and an MBA program.  The School of Business is recognized among the top 30 colleges for studying business abroad by the Business Research Guide. The faculty’s scholarly research expertise is broad and steeped in areas such as supply chain management, cross-cultural marketing, executive leadership, hospitality and tourism, political economics, financial investment, bankruptcy, entrepreneurship, commercial real estate, and consumer research. Visit http://sb.cofc.edu to learn more about our students’ achievements, undergraduate and graduate programs, faculty, and Centers of Excellence.

By the end of senior year, students should be equipped with practical skills and knowledge that can be applied when they enter the workforce. Equally important are the “soft” skills – like communication, collaboration and decision-making – that differentiate candidates vying for internships and jobs. Luckily for those enrolled in the business policy course, students apply both skill sets by participating on teams in a complex business simulation where they compete with their classmates, as well as with teams around the world.

Business policy professors Gordon Dehler, Thomas Kent and Jim Mueller use simulation exercises in their classes as a way give their students hands-on, active managerial experience. Dehler and Kent, professors of management, both use GLO-BUS, in which class members are grouped into separate teams to run and manage competing digital camera companies. Mueller, associate professor of management, uses The Business Strategy Game, a similar simulation program where students are assigned to operate competing athletic footwear companies.

Each week, the professors receive reports comparing how their students fare in the competition on an ongoing basis. Dehler, Kent, and Mueller’s students are frequently ranked in the top 100 among thousands of other teams worldwide. Kent’s students even landed in the top spot globally during the week of April 15.

“I was shocked when I got the results,” says Kent, professor of management at the College of Charleston School of Business. “Not because I doubted the students, but because of the sheer magnitude of competition. I am extremely proud of the students and their performance in my class.”

This past semester, a team in Dehler’s class representing the camera company DeFoTo concluded with the top score of 110, tying with 66 others worldwide out of nearly 3,000 companies from 150 countries. This ranking put the DeFoTo team in the top two percent among 8,000 students worldwide.

The students and co-managers of each company are responsible for assessing market conditions, determining how to respond to the actions of competitors, forging a long-term direction and strategy for their company, and making decisions relating to workforce compensation and plant operations, assembly plant capacity, pricing and marketing, finance, and corporate social responsibility/citizenship.

Each week the teams are scored in four categories: overall score, earnings per share, return on average equity, and stock price.

“The GLO-BUS assimilation game was an incredible learning experience,” says Elizabeth Colnon, senior and member of the team Foto-Focus in Kent’s class, which ranked number 1 globally one week. “Throughout the semester, my peers and I learned the importance of strategic planning, business ethics, as well as teamwork.”

In this exercise, students learned a valuable lesson in group work and collaboration by working together in an applied-learning environment.

“The simulation requires students to actually apply knowledge in a practical context,” says Dehler, who has been using GLO-BUS in his classes for the past 10 years.

“While GLO-BUS is a challenge for lots of students, many have said that it was the singular highlight of their undergraduate experience in the School of Business because they really get immersed in the simulation.”

In a learning-by-doing way, the students also had to make sense of complex business situations, political implications, how decisions impact different parts of the organization internally as well as globally, and recognize the effect of strategic decisions within a defensible ethical framework.

Dehler’s GLO-BUS data from the past five years was also used as part of the School’s performance criteria for its successful AACSB International re-accreditation process to demonstrate a link between student learning in the functional courses and the simulation results.

308 schools participated in the GLO-BUS exercise over the last 12 months, and 590 used The Business Strategy Game within the same time period. Some of the participating schools include Bangkok University, Boston University, Clemson University, Iona College, James Madison University, and Rutgers University. 

About the School of Business
College of Charleston’s School of Business offers eight undergraduate majors and several interdisciplinary concentrations, an honors program in business, an M.S. in Accountancy and an MBA.  Approximately 2,300 undergraduate and graduate students attend from as far away as China, Germany and Brazil. The faculty has research expertise in areas such as supply chain management, hospitality and tourism, political economics, financial investment, bankruptcy, business intelligence, real estate, entrepreneurism, and executive leadership. Visit sb.cofc.edu to learn more about our students’ achievements, undergraduate and graduate programs, faculty and Centers of Excellence.