CWUBusiness NewsBusiness Newshttps://www.cwu.edu/business/newsen-usShaw Room Changeshttps://www.cwu.edu/business/node/3649Thu, 27 Dec 2018 10:37:06<p>As of January 2019, below are the room changes in Shaw Smyser!</p><p><img alt="" src="/business/sites/cts.cwu.edu.business/files/Flat%20screen%20final.jpg" style="width: 100%;"></p>CWU Names Jeffrey L. Stinson as New Dean of the College of Businesshttps://www.cwu.edu/business/node/3644Mon, 17 Dec 2018 11:21:19<p>CWU Names Jeffrey L. Stinson as New Dean of the College of Business</p><p>Central Washington University has selected Jeffrey L. Stinson as the new Dean of the College of Business.</p><p style="text-align: center;"><img alt="" src="/business/sites/cts.cwu.edu.business/files/images/StinsonJeff.jpg" style="width: 250px; height: 349px;"></p><p>&nbsp;</p><p>“We’re delighted to name Jeff as the new Dean of the College of Business,” said Katherine Frank, CWU’s Provost and Vice President for Academic and Student Affairs. “As the current associate dean of the college, Jeff clearly knows our university and the college, and is well positioned to lead the College of Business into its next phase of development.”</p><p>&nbsp;</p><p>He begins his new position on January 1.</p><p>&nbsp;</p><p>Stinson, who has taught at Central for more than 11 years, has served as associate dean of the College of Business at CWU since 2015 and as director of the Northwest Center for Sport Business since 2012. He was chair of the Department of Management in the College of Business for three years.</p><p>&nbsp;</p><p>“I am honored and excited to be selected as the next Dean of the Central Washington University College of Business,” Stinson said. “Working with an outstanding faculty and staff, we embrace the challenge of living fully into our mission of launching students into career success.”</p><p>&nbsp;</p><p>He added that “Central and the College of Business continue to thrive in a challenging higher education environment by delivering exceptional value to our students and local communities. I look forward to leveraging my 11 years of CWU experience to continuing extending access to our AACSB (Association to Advance Collegiate Schools of Business) accredited programs.”</p><p>&nbsp;</p><p>Prior to joining the faculty at Central, Stinson was an assistant professor of marketing at North Dakota State University in Fargo, North Dakota. He has both an M.B.A. and a M.A. in Recreation and Leisure Studies from the University of Minnesota and a BA in in Sport Studies and Management from Bemidji State University in Minnesota.</p><p>&nbsp;</p><p>“Transforming student lives is at the core of what we do, with the resulting benefits accruing to our graduates, their companies, and their extended communities,” he said.</p><p>&nbsp;</p><p>Media contact: Richard Moreno, Department of Public Affairs, 509-963-2714, Richard.Moreno@cwu.edu.</p><p>&nbsp;</p></p style="text-align: center;">Beta Alpha Psi- Nu Epsilon Chapter Achieves Distinguished Statushttps://www.cwu.edu/business/node/3643Fri, 14 Dec 2018 10:35:13<p style="text-align: center;"><img alt="" src="https://www.cwu.edu/business/sites/cts.cwu.edu.business/files/bap%201.jpg" style="width: 550px; height: 265px;"><br>Congratulations to our very own Beta Alpha Psi- Nu Epsilon Chapter for achieving Distinguished status for 2017-2018! This recognition would not have been possible without the without the efforts and leadership of President Kaili Nance and VP of Reporting Kate Monteith as well as their advisor Jenny Cravens.</p><p style="text-align: center;"><img alt="" src="https://www.cwu.edu/business/sites/cts.cwu.edu.business/files/bap%202.jpg" style="width: 550px; height: 366px;"></p><p>In order to achieve this status each BAP member must fulfill their requirements which include participating in at least 20 hours of professional and service activities throughout the year. We would like to give a special thank you to CWU Accounting and Finance Alumni and Friends who come to campus each year to participate in club sponsored events and activities. Your participation is&nbsp;what makes Beta Alpha Psi meaningful and worthwhile for our students.</p></p style="text-align: center;"></br></p style="text-align: center;">CWU students unveil accessible playground donation to Ellensburg elementary studentshttps://www.cwu.edu/business/node/3641Thu, 13 Dec 2018 18:24:45<p style="text-align: center;"><img alt="" src="/business/sites/cts.cwu.edu.business/files/images/ada%201.jpg" style="width: 800px; height: 533px;"></p><p>ELLENSBURG, Wash. — The season of giving was on full display today, when Ellensburg’s Valley View Elementary School officially unveiled a special gift of a wheelchair swing, made possible by students from Central Washington University.</p><p>The students were enrolled in a CWU College of Business leadership capstone class, which required them to develop and complete a community-enhancement project.</p><p>“They were pretty much all graduating seniors in Business Administration,” said CWU management professor James Avey, the course instructor, who took part in Tuesday’s unveiling.</p><p>“It’s designed to basically be a ‘prove it’ class. Students are given limited guidance and structure. I tell them ‘you’re graduating with a specialization in leadership—prove to me you can lead something.’”</p><p>The project, which initially began last spring quarter, involved raising about $4,000 to allow for purchase and installation of the specialized swing at Valley View.</p><p>“We have the autism and life-skills programs for the entire [Ellensburg School] District so all students with those special needs come to our school,” noted Valley View Principal Rob Moffat at Tuesday’s event. “We now have step one completed in developing a truly adaptive playground, providing opportunities for kids that can’t access the regular playground. The cost of something like this [wheelchair-capable swing] is very expensive. So, to have people willing to donate their money, time, and effort to bring it here is truly appreciated. This will be used well into the future.”</p><p>Hannah Long, 7, a second-grade student at Valley View, who is wheelchair reliant, was the first Valley View student to make use of the new swing, and indicated she enjoyed it. CWU senior Hannah Fallon, from Vancouver, enjoyed watching. She was among the students enrolled in the CWU leadership class. She also helped to drive the project to completion.</p><p>Fallon says the idea for the swing came about after she, and her classmates, saw a video about such a device on the Internet.</p><p>“The child in the wheelchair [swing] just seemed to look so happy and they were pretty much overjoyed to be included in something and have something for them that they could use,” she said. “When we saw that, we were like ‘Wow!’ We want to bring that same statement of inclusivity and happiness to people here in Ellensburg.”</p><p style="text-align: center;"><img alt="" src="/business/sites/cts.cwu.edu.business/files/images/ada%203.jpg" style="width: 550px; height: 873px;"></p><p>They did, including through the help of the Generations of Ellensburg, Kiwanis, and Rotary non-profit, community service organization, which assisted efforts to get the specialized equipment installed ahead of the unveiling.&nbsp;</p><p>Avey added that his class showed incredible perseverance in seeing the project through despite the fact that it was technically completed last Spring.</p><p>“They definitely wanted to finish what they started,” Avey stated. “But they had to navigate logistics in shipping, fundraising, insurance, public-education requirements, installation, and other aspects to do it, and they did. I am super proud of them.”</p><p>Fallon added, “Honestly, I think this was the most ‘real-world’ situation that I’ve ever had to deal with. It was really awesome for me to be able to use all the skills that I’ve learned in the classroom and actually apply them to a project that meant something—in a project that you can actually feel and see the impacts.”</p><p>It wasn’t the only such project for Avey’s capstone leadership class. Those enrolled join small teams, which cast a vision, develop a structure and the necessary roles to accomplish the plan, and then they do it.</p><p>“Most of the projects have had some type of local impact and have included schools, teachers, military servicemen and servicewomen, community gardens, and parks and recreation,” Avey noted. “But, they always surprise me.”</p><p>Other projects have included providing women’s health supplies for trafficked Cambodian girls in a recovery house, raising more than $5,000 for the Children’s Tumor Foundation, and hosting a softball game for children with special needs.</p><p style="text-align: center;"><img alt="" src="/business/sites/cts.cwu.edu.business/files/images/ada%202.jpg" style="width: 550px; height: 338px;"></p><p>Media contact: Robert Lowery, Department of Public Affairs, director of Radio Services and Integrated Communications, 509-963-1487, Robert.Lowery@cwu.edu</p></p style="text-align: center;"></p style="text-align: center;"></p style="text-align: center;">CWU tournament teaches today’s prep students how to become tomorrow’s entrepreneurshttps://www.cwu.edu/business/node/3639Fri, 09 Nov 2018 14:36:19<p><img alt="Many Faces of Entrepreneurship Tournament publicity photo 2018" src="https://www.cwu.edu/business/sites/cts.cwu.edu.business/files/Many%20Faces%20of%20Entrepreneurship%202018.jpg" style="width: 425px; height: 255px; margin: 3px; float: right;">About 300 high school students from throughout south-central Washington will learn how to create, start, and successfully operate a start-up business venture during the 2018 “Many Faces of Entrepreneurship” tournament.</p><p>Held Friday, November 16, at the Yakima County Fairgrounds.</p><p>Dr. Provaznik also brought this program to Kittitas Secondary School October 19th, 2018 for the very first time!</p><p>This is the fourth year of the program, spearheaded by CWU’s Institute for Innovation and Entrepreneurship (I4IE).</p><p>“Hundreds of regional high school students benefitted from previous tournament experience,”<a href="https://www.cwu.edu/business/bill-provaznik" target="_blank"> said Bill Provaznik, I4IE&nbsp;director</a>. “They learned skills, like teamwork, and about universal business concepts, such as marketing and working in a competitive environment, that will eventually help them regardless of what they decide on for their careers.”</p><p>I4IE coordinates and conducts the annual, daylong event to encourage today’s students to learn how to become tomorrow’s entrepreneur.</p><p>“The tournament is for any student with an interest in design, business, or project management,” added Provaznik, who also serves as chair of the CWU College of Business (CB) Department of Management.</p><p>The competition involves student teams, assembled from among the various high schools represented, on the day of the competition, with the goal to help them learn about and develop the skills that entrepreneurs need.</p><p>“Entrepreneurs need to be able to communicate, collaborate, understand what people need, and try to develop solutions that are viable and make them valuable enough that customers will want to buy them,” Provaznik added. “The high school students get a chance to try their hands at all of those aspects in a live simulation. We also want students to meet and work with their peers from other schools as part of the event.”</p><p>The simulation involves developing pet-containment units, for about two-dozen “celebrity pet owners. They Edgar Allan Poe, with his raven; the Man with the Yellow Hat, and Curious George, the monkey; SpongeBob SquarePants, with his pet snail, Gary; and Emily Elizabeth, with Clifford the Big Red Dog.</p><p>“Our student entrepreneurs will need to find out who these pet owners are, and what their needs are, with respect to their pets, and then design and present their ideas for the best containment units,” Provaznik explained. “One of the big takeaways for them will be, when you look at a customer through that person’s eyes, you will be able to see things that they need that you can help with.” Each team will have jobs covering such areas as administration, design, marketing, purchasing, research, and “cross-functional coordinators,” Provaznik explained.</p><p>Half of each of the student teams will comprise the marketing unit. The other half will be product designers. They will have jobs covering such areas as administration, design, marketing, purchasing, research, and cross-functional coordinators.</p><p>“They’re separated because, in most organizations, there’s always a bit of a disconnection between the various units,” Provaznik explained. “We’re trying to provide the students a chance to really see what it’s like when everyone has good ideas, but those ideas aren’t the same. That always causes a little bit of conflict, so our College of Business student mentors will work with them to help the participants learn to communicate and negotiate to resolve their differences.”</p><p>In all, about 70 CWU students will be involved, many of them are enrolled in the CWU entrepreneurship program.</p><p>“They really enjoy working with the high school students, and helping them learn and use about marketing and design concepts, costing and finance, and develop basic communication skills,” Provaznik added.</p><p>The teams will be allowed a budget and can purchase items necessary for their prototypes, through the I4IE stocked “Acme Supply Store,” comprised of items at a dollar store or things left from previous competitions. Duct tape, boxes, and waterproofing.</p><p>“But we also have some components that have been designed by our CWU students that represent items like power packs, lighting, sound systems, watering units, computer processors, sensors, things like that,” Provaznik noted. “So, as the high schoolers settle on a design, they can use technology to distinguish their products from the competition and learn about the costs associated with that.”</p><p>At the tournament’s conclusion, the participating students will present their ideas to a panel of professional mentors and CWU students, who will provide constructive criticism and feedback. Awards will be made to students comprising the winning team.</p><p>The event is supported by the <a href="http://www.hbjfoundation.com/" target="_blank">Herbert B. Jones Foundation</a>.</p><p>Media contact: Robert Lowery, Department of Public Affairs, 509-963-1487, Robert.Lowery@cwu.edu</p><p>Friday, November 9, 2018</p>CWU Business Outstanding Students of 2018https://www.cwu.edu/business/node/3609Thu, 09 Aug 2018 12:15:04<p style="text-align: center;"><img alt="" src="https://www.cwu.edu/business/sites/cts.cwu.edu.business/files/Honors%20Reception_5-30-18_Deborah_Ana%20Marie_Haley.JPG" style="width: 100%;"></p><div style="text-align: center;">Congratulationss to the 2018 CWU Business Outstanding Students</div><div style="text-align: center;">&nbsp;</div><div style="text-align: center;"><u>Accounting</u><br>Deborah Hutchinson, Ellensburg<br>Jonathan Stewart, Des Moines<br>Katherine Lukas, Lynnwood<br><br><u>Economics</u><br>Seth Urbanski, Ellensburg<br><br><u>Finance</u><br>Grant Lawson, Ellensburg<br>Svetlana Mezgova, Westside<br><br><u>Human Resources Management</u><br>Sierra Brower, Ellensburg<br>Danette Radke, Des Moines<br><br><u>Leadership &amp; Management</u><br>Hannah Fallon, Ellensburg<br>Kevin Wright, Des Moines<br>Sarah Mahon, Pierce<br>Marcus Battiste, Lynnwood<br><br><u>Marketing</u><br>Eric Santiago, Ellensburg<br>Jonathan McDonough, Des Moines<br><br><u>Personal Financial Planning</u><br>Julie Penwell, Ellensburg<br><br><u>Supply Chain Management</u><br>Cassidy Kunst, Ellensburg<br>Dillon Agnew, Des Moines<br>Jessica Pickett, Lynnwood</div></p style="text-align: center;"></div style="text-align: center;"></div style="text-align: center;"></div style="text-align: center;"></br></br></br></br></br></br></br></br></br></br></br></br></br></br></br></br></br></br></br></br></br></br></br></br></br></br></br></br></br></br></br></br>TD Ameritrade awards CWU Business grant for Financial Planning Programhttps://www.cwu.edu/business/node/3597Wed, 25 Jul 2018 14:33:15<p>We are proud to announce TD Ameritrade awarded CWU’s College of Business a $25,000 grant for the emerging Financial Planning program!</p><p><img alt="" src="/business/sites/cts.cwu.edu.business/files/PFP_07-24-2018_Ameritrade_Grant_NASDAQ.jpeg" style="width: 100%;"></p><p>If you would like to see Dr. Carlo Smith and Wellington at the ringing of the closing bell at Nasdaq in Times Square follow the link:<a href="https://www.facebook.com/Nasdaq/videos/10156440070842429/?t=541"> https://lnkd.in/gVfhuFQ</a></p><p>The United State Labor Department’s Bureau of Labor Statistics projects that 40,400 new personal financial advisors will be needed within the country’s financial planning industry through 2026.</p><p>Committed to meet this burgeoning labor demand, Central Washington University launched twoWellington at the Nasdaq in New York City new degrees in financial planning in fall 2017. The inaugural year success has extended beyond enrollment. This week, TD Ameritrade Institutional NextGen RIA Scholarship and Grant Program selected Central to receive the 2018 emerging program grant. The grant, totaling $25,000, is to be used over the next two years for program development.</p><p>“We’re excited about Central Washington University’s vision for its financial program, and their commitment to educating more women and minorities about the profession as a career choice,” said Kate Healy, managing director, Generation Next, TD Ameritrade Institutional. “As the CWU curriculum, including financial literacy programs, evolves, we look forward to seeing interest in financial planning careers grow on campus.”<br><br>To recognize this achievement, Carlo Smith, chair of the CWU Department of Finance and Supply Chain Management, and Tom Zebroski, director of the CWU Financial Planning program were among guests invited by TD Ameritrade Institutional to visit New York City and the Nasdaq MarketSite to ring the Closing Bell this afternoon (Tuesday, July 24).</p><p>“We will be using this generous $25,000 grant from TD Ameritrade to extend our outreach to a diverse range of prospective new students, to provide scholarships to those who choose this area of study and to encourage more firms to recruit interns and graduates from Central.”</p><p>The grant proposal outlined the following areas for fund distribution:</p><ul><li>Develop materials and host on-campus diversity events to recruit women and students of color to the programs;</li><li>Offer $1,000 scholarships to 12 new students</li><li>Provide $500 toward paid internships for five qualified students; and,</li><li>Sponsor 10 students to attend the 2019 Financial Planning Association of Puget Sound Symposium in addition to Symposium sponsorship.</li></ul><p>CWU Faculty and Wellington on the Nasdaq Floor</p><p>The CWU bachelor’s degrees in financial planning will help to serve an increasingly diverse population in need of competent financial guidance. Both financial planning degrees developed by faculty in the College of Business are registered with CFP Board. Students who graduate from the CWU program are qualified to sit for the Certified Financial Planner examination.</p><p>Last year, 21 students–11 women and five students of color–were enrolled in CWU PFP program. The first graduates from the program will enter the workforce in spring 2019.</p><p>“Our goal is to more than double student enrollment in our programs by the beginning of the 2019 academic year,” added Smith. “We also want to see a minimum of 50 percent of those enrolled be women and students of color.”</p><p>In preparation for program expansion, the College of Business has secured its first Ph.D. candidate specializing in financial planning. Benjamin Steele Campbell holds a JD and is completing his Ph.D. in Financial Planning at Texas Tech. Steele is a member of the Washington State Bar Association. He will join the College of Business faculty starting fall quarter 2018.</p><p>Media contact: Robert Lowery, Department of Public Affairs, director of Radio Services and Integrated Communications, 509-963-1487, Robert.Lowery@cwu.edu.<br>Tuesday, July 24, 2018</p></br></br></br>College of Business Hosts 18th annual Economic Outlook Conferencehttps://www.cwu.edu/business/node/3593Wed, 11 Jul 2018 11:29:23<p style="text-align: center;">CWU was the first Public University in Washington State to host an academic conference about the cannabis industry. Lead by the College of Business, the first annual Cannabis Caucus was a success, attendees and professionals alike enjoyed the presenters and panels. Below are links to news articles about the event.</p><p style="text-align: center;"><img alt="" src="/business/sites/cts.cwu.edu.business/files/EOC_4-27-18_panel%20%288%29.JPG" style="width: 515px; height: 343px;"></p><p style="text-align: center;">“Mayor of Ellensburg, Bruce Tabb, welcomed the conference by sharing a personal story about the use of cannabis medicinally in his family for a battle against stage four cancer.” Read the entire article by click <a href="https://www.respectmyregion.com/cannabis-caucus-central-washington/">Respect My Region</a>.<br><br>“Cannabis leaders gave business advice and discussed the struggles within the industry. They addressed the stereotype of marijuana solely being recreational, but many people use it for medical purposes.” Continue reading at <a href="http://kimatv.com/news/local/cwu-hosts-cannabis-caucus">KIMAtv</a>.<br><br>“The discussion was part of an annual Economic Outlook Conference about cannabis organized by the CWU College of Business. Attendees included industry professionals, faculty and students. The conference provided analysis and insight on the industry in the form of presentations, as well as networking opportunities for attendees.” To read more go to the <a href="http://www.yakimaherald.com/news/local/cannabis-is-front-and-center-at-cwu-economic-conference/article_d5062aa6-4c86-11e8-bf1a-1b7b9e833215.html">Yakima Herald website</a>.<br>&nbsp;</p></p style="text-align: center;"></p style="text-align: center;"></p style="text-align: center;"></br></br></br></br></br>CWU College of Business to host 18th Annual Economic Outlook Conference https://www.cwu.edu/business/node/3580Tue, 24 Apr 2018 14:08:27<p>Agriculture has long been vital to Washington’s economy. One of the newest entries into the state’s agricultural portfolio is cannabis. Just five years after it became legal in Washington, the industry generated nearly $1.4 billion in total sales.</p><p>This year’s annual CWU Economic Outlook Conference (EOC), presented by the College of Business (COB), aims to broaden community knowledge of the challenges, opportunities, and trends in the Pacific Northwest growing cannabis industry.</p><p>The conference, titled, “Cannabis Caucus 2018,” is set for Friday, April 27, from 8:00 a.m. to 2:30 p.m., in Sue Lombard Hall on CWU’s Ellensburg campus. It is designed specifically for private sector managers, government officials, and economic development professionals.</p><p>The event begins with a state economic overview, followed by a cannabis industry analysis, regulatory presentation, producer and processor panel, retail panel, a questions-and-answers discussion during lunch, and information about cannabis business research being done in the COB.</p><p>Featured speakers include:</p><p>• Toni Sipic, chair, COB Economics Department</p><p>• Steve Lerch, chief economist, Washington Economic and Revenue Forecast Council</p><p>• Rick Garza, director, Washington State Liquor and Cannabis Board</p><p>• Andy Brassington, chief financial officer, Evergreen Herbal, Seattle</p><p>• Jeff Doughty, CEO/chemistry manager, Capitol Analysis, Lacey</p><p>Registration is free for CWU students and $25 for all others. Space is limited and<a href="http://www.cwu.edu/business/cannabis-caucus-2018-0" target="_blank"> registration </a>is required in advance.</p><p><strong>Media contact: </strong>Robert Lowery, Department of Public Affairs, 509-963-1487, loweryr@cwu.edu</p>BAP Hosts Moss Adams Recruiter Julia Dullhttps://www.cwu.edu/business/node/3566Fri, 09 Mar 2018 15:18:17<p style="text-align: center;"><img alt="" src="/business/sites/cts.cwu.edu.business/files/IMG_7710.JPG" style="width: 515px; height: 343px;"></p><p style="text-align: center;">On March 6th the Beta Alpha Psi club hosted Julia Dull. She is a recruiter from Moss Adams, the largest accounting consulting firm in the west and one of the largest in the nation. Julia was there to inform BAP members about the different opportunities that Moss Adams offers and interview tips that can apply to any job interview.</p><p style="text-align: center;">Julia offered many useful tips on how to be prepared for an interview. She advised that students have a story prepared about leadership, teamwork, and a time when they dealt with conflict. These stories are intended to prepare students for any behavioral interview questions while keeping answers from sounding rehearsed. “Make sure that when you leave an interview you leave them knowing what your skill set,” Julia recommended.</p><p style="text-align: center;"><img alt="" src="/business/sites/cts.cwu.edu.business/files/IMG_7701.JPG" style="width: 515px; height: 343px;"></p><p style="text-align: center;">BAP members also learned the two biggest interview mistakes, “Not asking questions at the end and not having researched the company before the interview.” Overall the club learned about Moss Adams as a company and about how to be successful in an interview.</p><p style="text-align: center;">Sam Swaney, President of the Accounting and Finance Club said, “I thought it was interesting how she said to come up with 3 stories for preparing for interviews. These stories should be different examples of important topics, such as, leadership, teamwork, etc. These stories should help you answer a variety of questions asked.”</p></p style="text-align: center;"></p style="text-align: center;"></p style="text-align: center;"></p style="text-align: center;"></p style="text-align: center;"></p style="text-align: center;">