Business Plan Contest thrives
This year's Business Plan Contest is underway! Students are working in teams to research and develop business plans that are feasible, profitable and innovative. They will present these plans to a panel judges consisting of local business leaders for the chance to win a scholarship on May 9.
Last May, nine teams of students, both undergraduate and MBA, participated. The winning team researched and developed a plan for a business that will provide bottling and packaging services to craft (micro) spirit distillers inHudsonValleyand surrounding areas. The runner up team created a plan for a business that will offer a subscription and a la carte physician consultation service over the telephone, via video chat and mobile devices. Both teams were awarded scholarships.
Christina Bark, Christina Bark & Associates, was the business mentor of the winning team. "The Business Plan Competition is a great way to integrate and expand a multitude of business skills: financial modeling; operational planning; research and analysis; marketing acumen; presentation skills; operating within complex team dynamics; leadership development; and project management, all with a healthy dose competitive spirit. Everyone wins!"
Please let us know if you are interested in being a sponsor, mentoring a team or providing an idea for the teams to develop.
Students compete in ethical debates
There were four teams that participated in the student debates in both the Spring and Fall semesters. Topics included: FDIC regulation; Madoff ponzi scheme; hydraulic fracturing; and the European Union crisis. The debates are judged by local business leaders and the winning team is awarded a scholarship.
Please let us know if you are interested in judging a debate or submitting ideas for topics.
Investment Competition takes off
The Investment Competition is in its third year! Students use financial software to create and manage portfolios throughout the Fall semester. They present their strategy and results to a panel of judges for the chance to win a scholarship.
Our alumnus, Adam Stumer '89, Managing Director, Risk and Audit Services for NYSE Euronext, is very supportive of this competition. "Alumni support in any form is so important to these students entering the business world. The teachers and administration can't do it alone!" He arranged for the winning team in the Fall to receive a tour of the New York Stock Exchange.
Please let us know if you are interested in judging the competition or speaking to the class.
Students provide tax assistance
During the Spring 2011 semester, 32 students participated as volunteer tax preparers providing free income tax preparation to low wage earners in our community. The students processed just under 200 tax returns, including a number of prior year returns, corrections from other preparers, etc. This was an increase of almost 100% over last year returns! Students not only applied what they have learned in their tax and accounting classes, they had the opportunity to practice their communication skills while interacting with clients, and they provided a valuable service to the community.
Students visit companies
Students took advantage of the opportunity to visit and tour NBC Universal, the Federal Reserve and Trump National Golf Club. Students also went to Microsoft's Advertising Offices for a Direct Marketing Educational Forum. Please contact Christine Daly if you are interested in hosting a visit of your company.
The School offers opportunities for faculty and students to engage in research and consulting through independent studies and graduate assistantships. For example, Professor Ted Clark worked with students on three projects this year: a market research project for a major health care organization to measure hospital preferences among Mid-Hudson Valley residents; another study for a major health care organization to measure the impact of a major change in the IT system on employee satisfaction; and, in conjunction with Professor Jun Lin, a research study to identify some of the factors that explain the sustained success of a School of Business student organization at the international level. In addition, Professor Don Furman, has been working with a student to investigate the possibility of Turkish firms and capital markets cross-listing their stocks and other financial instruments (derivates) on other exchanges.