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The Bolte School News

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Rick Keller, an MPAS student here at the Mount, presented a paper at the Southeast Decision Sciences Institute (SEDSI) undergraduate student research paper competition held in Williamsburg, VA on February 19, 2016.  Rick won first place in the competition, really making the Richard J. Bolte School of Business proud. 

Rick Keller

Competing in the SEDSI undergraduate student research paper competition is a rigorous process.  Rick had to first submit his research paper through a double-blind review process where the reviewers, faculty members and the student’s identity is concealed. In addition to the review process, Rick had to make an oral presentation of his work at the conference.

One of the books used in the Operations and Supply Chain Management class is “The Goal” by Eliyahu Goldratt.  The concepts highlighted in this narrative driven book are applied in the context of a manufacturing  plant.  Rick adopted several concepts from “The Goal” and applied them to his real-estate business.  The challenging part of this research problem was being able to clearly delineate between the two contexts: processes in the manufacturing context and the real estate process.  For example, process times are typically known and constant; however, in the real estate business, the process times for each stage is different for each buyer. 

In his presentation, Rick was able to clearly show how the unique context of the real estate business required modifications to some of the original concepts. By making these adaptations, Rick was able to show marked improvement in his volume processing capacities, his bottom-line, and more importantly the additional available time that he now uses to spend time with his lovely family.Group

SEDSI is the southern member of the Decision Sciences Institute, a professional organization of academicians and practitioners interested in the application of quantitative and behavioral methods to the problems of society.


On November 5 Mount St. Mary’s University hosted its 21st annual Corporate Social Responsibility Symposium.  The event entitled The Ethics & Economy of Healthcare in America, centered on the issues facing the state of the United States healthcare system today, what direction it is headed and our own concerns and reservations the American people have regarding such moves.  The panel featured Richard P. Kidwell C’76, Richard P. Miller C’74 and William J. Ward Jr. C’65 esteemed members of the healthcare industry in their own areas.  The panel was led by moderator Gracelyn A. McDermott C’93 who is the Vice President of Accrediting and Client Services for URAC.  

After opening remarks by Karl Einolf, dean of the Richard J. Bolte School of Business the panel began discussions surrounding methods to achieve health equity, improvement of the healthcare experience and how health economics and ethical issues interact.  Richard P. Kidwell C’76 who is the Senior Associate Counsel/ Vice President of Risk Management at the University of Pittsburgh Medical Center began the discussion addressing medical malpractice in the healthcare industry and how you can respond appropriately and professionally.  The second panelist to address the crowd was Richard P. Miller C’74 who is the president and CEO of Virtua, a non-profit healthcare system in the southern New Jersey area that specializes in hospice and end of life care.  One of the main points from Miller was the importance of human dignity in the end of life care process.  William Ward Jr. closed with comments regarding the supply and demand cycle of healthcare.  Ward argued that as the government attempts to limit healthcare choices the public will no longer have the choice that consumers have been fortunate to have over the years.  

The event overall was well received by a crowd of about 140 as students and faculty engaged in their own concerns regarding the state of healthcare in America.  The event is sponsored by the Richard J. Bolte Sr. School of Business and the BB&T Center for the Study of the Moral Foundations of Capitalism.

 

On August 19, 2015, Dr. Patrice Flynn (Morrison Professor of International Studies) gave a demo on autonomous humanoid robots at the Hagerstown Rotary Club, hosted by Rotarian President John Latimer (Vice President at Keller Stonebraker Insurance). Mount MBA student, Mr. Ryan Miner, extended the invitation after taking Dr. Flynn’s MBA course on Global Capitalism and Business where he was inspired by the concept of merging human and humanoid capital.Mount Home Portal

Autonomous humanoid robots are in development around the world and will soon become an integral part of our lives.  The demo triggered a rich conversation among Rotary members who see limitless business applications for this emerging technology.

Also attending the event was Dr. Olga Shabalina, Mount Fulbright Scholar (2012-13) and Professor of Marketing at South Ural State University in Chelyabinsk, Russia. Dr. Shabalina continues her collaboration with Mount St. Mary’s by facilitating American and Russian student exchanges and co-teaching our online international marketing course.

Liam McManimonIt’s not everyday you can take something from the basketball court into an Econometrics course, but that is exactly what Liam McManimon did. In a research paper for the course, Liam analyzed the relationship between ticket prices for Division 1 college basketball games and a number of school, team, and city characteristics using regression analysis. The main question Liam was after?  “Why are Division 1 college basketball ticket prices higher at some schools than others?” 

Liam spent much of his time and effort compiling the required data for more than 50 schools, estimating and testing his models, and finally interpreting results. Despite an extremely tight schedule as a member of the Mount basketball team, Liam “produced a well-written and well-researched paper,” said Dr. Solomon Tesfu, Liam’s mentor for the project. The key finding?  Team rank is the most important factor influencing ticket prices for Division 1 college basketball games. “On the surface an ordinary correlation but for Liam to use econometrics to explain the reasoning is where real learning takes place,” says Dr. Tesfu.

Liam's high level of interest in econometrics is a good example that even a highly quantitative and challenging course can be made interesting and accessible to any student with limited quantitative background. Tesfu believes the process of "learning by doing" helps students realize that they can develop high level questions and solve them with the tools they learn in the classroom in order to answer these research questions.

 

On December 6, 2014 and for the 36th consecutive year Mount. St. Mary’s hosted the Goodloe Byron Memorial Scholarship Run. The Memorial Run, in honor of long serving 6th District Congressman Goodloe Byron, pays tribute to his commitment to physical fitness and to the Byron families’ commitment to Mount. St. Mary’s University.Mount Fall

Since its inception, the 15K Run has raised approximately $25,000 for Mount student scholarships and played host to approximately 2,000 runners. Nearly 70 runners braved the chilly rainy Saturday morning run last December.

Ms. Beverly Byron (retired congresswoman from the 6th Congressional District) and Mr. Kimball Byron have provided the outstanding leadership and energy for the past 36 years of successful runs. Scholarship funds are made available by lead financial backing provided by Legg Mason Inc., and the Baltimore Community Foundation. The run could not be successful without the wonderful support provided by Mount St. Mary's campus security, Aramark dining services, Mount St. Mary's facilities management, race management provided by the Frederick Steeplechasers Club, and 24 Bolte School of Business student volunteers, many of whom stood outside in the wind and rain to support the runners. As a result of everyone’s efforts, all runners finished safely.

We offer a hearty thank you to all that make the run such a success.

This past fall semester over 60 students participated in the annual Mount St. Mary’s University Student Investment Challenge hosted by the Student Finance Club. The challenge, which took place over six weeks from October to November, is a simulation in which the participant buys and sells the ownership of publicly traded companies in order to build the value of an investment portfolio. The challenge is a great chance for students who have expressed interest in the stock market to better understand the concept of buying and selling stock.  Todd Zuech

Each student began with $100,000 and competed to see how much they could increase their stock portfolio's value.  At the closing bell on November 21, with all the results in, the winner was a clear cut Todd Zuech, C’17, who ended with over $515,471 dollars, a gain of 415% from the initial $100,000 value. Runners up were Teresa Gonzalez, C’17, at $164,201 a 64% gain and William Naille, a graduate student at the Mount, who earned $119,608 a 19% gain. Although it was a landslide victory for the underclassman here at the Mount the learning experience it provides for everyone is undeniable. Prizes of $300, $200, and $100 were award to first, second and third place respectively.

The end value of many of the portfolios show how much the student puts into the challenge.  Professor Don Butt, finance club faculty advisor, said, “In the past, the winners of the investment challenge have all been extremely active through the entire course of the challenge, making multiple trades over the course of a single day.”

The challenge really articulates how much work it takes to remain competitive and the constant trading necessary to create a profitable portfolio.  “This is a great way for anyone who is interested in pursuing a career in stock brokerage or going on to take the Series 7 exam after graduating to get their feet wet and see just how much work goes into the career," Professor Butt said. “I would highly encourage any undergraduate business majors to participate in future challenges by the investment club.” 

 

George Borst C’70 took a step back in the same business classrooms he graduated from 45 years ago to share some of his own experiences in business with Mount students. Borst served as Toyota Financial Services (TFS) Regional CEO for 11 years and had a wealth of information to share with students.  Discussions in Business Policy and Society classes ranged from simply starting out in search of a career to the advanced topics of ethical behavior in the workplace.  Shannon Greene C’15 said, “Mr. Borst stressed corporate social responsibility and volunteering in the workplace as well as a discussion on the transition from college to corporate as budding young business people.”

George BorstBorst had varying messages for the different classes he attended but the overall the message Borst had for students stressed finding your own path but also how to address ethics in an environment where no one comes from the same ethical or moral background. Along with ethical standards Borst concluded by encouraging the young business minds in the classes to give back. Borst’s own philanthropic pursuits are not limited to monetary terms; he volunteers his time as well. Bringing Toyota Financial Services' philanthropic efforts to new heights during his time with the company, Borst ensured the company practiced what they espoused.

After leading TFS out of the early millennium and into the past decade, Borst currently serves as executive advisor to the CEO on global issues in operational and financial decisions. During his time with TFS, Borst led the company through numerous crises including global recession, unprecedented automobile recalls, and the 2011 earthquake and tsunami in northeastern Japan which wiped out many of Toyota’s suppliers. Though the company faced many hardships, it became the nation's largest captive finance company during Borst's leadership.

 
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