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School of Business Alumni eNewsletter , Spring 2013

Message from the Dean

Dear Business Alumni,

After a few years of hard work, the School of Business successfully achieved its AACSB Accreditation in the spring semester of 2013. Many of you may remember those assessment tests you took in your classes. The accreditation, on one hand, recognizes our past effort and accomplishment. It, on the other hand, requires us to continue improving our programs in the future to maintain the accreditation. Simply put, the school and its program will only get better and better in the future.

Given a competitive environment challenged by a declining trend of high school graduates, our undergraduate enrollment remains strong. In fact, our enrollments increased steadily over the past few years while maintaining a high admission standard.

The spring semester of 2014 marks another milestone of the School. For the first time, we offered two online graduate level courses. Our intention is to reduce the time spent in commuting for part-time students who live and work farther away from the campus. We will continue adding courses to this form of delivery. However, there is no plan to move our MBA program to a full online program. Students will always have the option to take seated courses.

On the curriculum side, we have been emphasizing the importance of experiential learning.   Through internships, the investment competition, business plan contest and various hands-on projects, we strive to engage students deeper in the learning process. I welcome your suggestions and participation to enhance our curriculum.

Last but not least, I wish you a fulfilling year and invite you to share your experiences with our current students.

Dr. Chih-Yang Tsai, Interim Dean

Phone: 845-257-2930

Email: tsaic@newpaltz.edu

New Paltz selects Interim Dean of the School of Business

Dr. Chih-Yang Tsai was appointed Interim Dean of the School of Business effective July 1, 2013 following the resignation of Dr. Hadi Salavitabar who, after serving the college for 31 years, became Provost at the College of St. Rose in Albany, NY.

He will serve in this capacity while a national search is conducted for a new dean. Tsai is the Associate Dean and Associate Professor of the School of Business. He received the School of Business Distinguished Service Award in 2010, and has taught at New Paltz for 20 years and served as associate dean for seven years.

As Associate Dean, Tsai has led continuous improvement programs, mentored students, and facilitated educational assessment activities. Under his guidance, the School of Business received Association to Advance Collegiate School of Business (AACSB) accreditation, which represents the highest achievement for an educational institution that awards business degrees. Fewer than five percent of the world's business programs have earned AACSB accreditation.

Before coming to New Paltz, Tsai served as an Assistant to the CEO and Production Controller at the Tatung Company, a Taiwan based multi-national organization. He has also worked as an Operations Management and Marketing Research consultant.

"Associate Dean Chih-Yang Tsai is well placed to lead the School of Business during this interim period," said Provost Philip Mauceri. "Dr. Tsai has played an active leadership role during Hadi Salavitabar's deanship, and I am confident that he will continue to advance the rigorous education of our students and the strong relationships with the business community that have been hallmarks of our School of Business."

Tsai received his Ph.D.in Operations Research from New York University and his M.B.A. in Operations Management and B.S. in Business Administration from Tatung University in Taiwan.

"I hope to continue improving our curriculum and programs and maintain our already close relationship with the business community," said Tsai.

School welcomes new Assistant to the Dean, Lori Nutting

Lori Nutting joined the School of Business professional staff in October, just in time to experience Fall Openhouse, the AMA Business Day Conference, the Investment Competition, Tax Practitioner Institute and the Awards & Graduation Ceremony!

Prior to joining us, she owned a Consulting Business, worked for an Ad Agency in Sales Research and worked at Vassar College as the Assistant Director of Campus Activities & the College Center.

After getting her feet wet this Fall, she is ready to jump into the Spring Semester. Please join me in welcoming her to our campus!

School of Business granted AACSB International Accreditation

The Association to Advance Collegiate Schools of Business (AACSB) International announced in February 2013 that SUNY New Paltz has earned initial accreditation for its School of Business.

Fewer than five percent of the world's business programs have earned AACSB Accreditation, the hallmark of excellence in business education. Achieving accreditation is a process of rigorous internal review, evaluation, and adjustment and can take several years to complete. AACSB accreditation standards require a high quality teaching environment, a commitment to continuous improvement, and curricula responsive to the needs of businesses. All accredited schools must go through a peer review process every five years in order to maintain their accreditation.

"The School of Business provides an outstanding and challenging curriculum that prepares our students for careers in a global workforce," said New Paltz President Donald P. Christian. "I'm especially proud of the high caliber and deep commitment of our faculty and staff that is reflected in our AACSB accreditation."

"AACSB congratulates the SUNY New Paltz on earning accreditation, and we welcome them into the family of AACSB-accredited business schools," said Robert D. Reid, executive vice president and chief accreditation officer of AACSB International. "AACSB accreditation represents the highest achievement for an educational institution that awards business degrees. The faculty, directors, and staff of SUNY New Paltz are to be commended for their role in earning accreditation.

"It takes a great deal of self-evaluation and determination to earn AACSB accreditation, and I commend SUNY New Paltz for its dedication to management education, as well as its leadership in the community," said Reid. "Through accreditation, SUNY New Paltz has not only met specific standards of excellence, but has also made a commitment to ongoing improvement to ensure that the institution will continue to deliver high quality education to its students."

Founded in 1916, AACSB International is the longest serving global accrediting body for business schools that offer undergraduate, master's, and doctorate degrees in business and accounting. It is an association of more than 1,300 educational institutions, businesses, and other organizations in 83 countries and territories. AACSB's mission is to advance quality management education worldwide through accreditation, thought leadership, and value-added services.

2014 Hall of Fame Alumnus of the Year announced

We are pleased to induct Rebecca Hasbrouck as Alumnus of the Year. Rebecca graduated Summa Cum Laude in 2000 with a B.S. degree in Accounting and 2004 with an MBA. She is currently a Manager at Vanacore, DeBenedictus, DiGovanni & Weddell. She has also been an Adjunct Professor of Accounting at the School of Business. Ms. Hasbrouck has earned many professional letters and awards in the past few years.

This year's induction ceremony will be held on May 8 at the Wiltwyck Country Club in Kingston.

School welcomes new faculty member Victoria Chiu

Assistant Professor Victoria Chiu (Accounting) began in fall 2013. Prior to joining the School of Business faculty, Victoria was a Full-time Instructor, Rutgers Business School. Please join us in welcoming her!

New Honor Society

The first induction ceremony for the Beta Gamma Sigma Honor Society was held in the Studley Theatre on December 6, 2013. Membership in Beta Gamma Sigma is the highest recognition a student can receive in a business program accredited by AACSB International. The Society's mission is to encourage and honor academic achievement, foster personal and professional excellence, advance the values of the Society, and to serve its lifelong members.

Beta Gamma Sigma was established in 1913. It is the business equivalent of Phi Beta Kappa and membership is the highest national honor bestowed upon graduate and undergraduate business students at institutions where the business programs are accredited by AACSB International.

In order to be nominated for membership in the Honor Society, students of junior or senior standing must be in the top 10% of their class and have a weighted GPA of at least 3.64, and master's students must be in the top 20% of their class and have a GPA of at least 3.8.

A Fond Farewell

After many years of stellar service to the School of Business, Danielle Tomczyk resigned as the Director of Business Projects. Danielle joined the School of Business in January 2005. She received a B.A. in Psychology from Marist College (2000) and a M.B.A. with a concentration in Finance from SUNY New Paltz (2004). During her graduate program, she conducted a study to measure the economic impact of SUNY New Paltz on the Hudson Valley and NYS.  The School of Business would like to thank Danielle for her many years of service and wish her a fruitful future!

Alumni Events

The School held two alumni networking events in 2013. Over 220 alumni, students and business leaders attended the School of Business alumni networking events in March and September. Want to be involved in the 2014 events? Stay posted for our upcoming newsletters and keep us informed of your accomplishments. Watch our growth, and remain a part of the School of Business family. Return to beautiful New Paltz and join us for our upcoming events below:

FEBRUARY

Wed, Feb. 12             BAT (Bloomberg Assessment Test), 1-3pm in VH 113

Wed, Feb. 26             Debates Round I, 1-4:30 p.m. in VH 110

MARCH

Wed, March 5                Debates Round 2, 1-3 p.m. in VH 110

Wed, March 12              Debates Round 3, 1-2 p.m. in VH 110

Thr, March 13                BAT (Bloomberg Assessment Test), 6-8 p.m. in VH 113

March 17-21              Spring Break

Sat, March 29                Accepted Students Day, 10 a.m.-3 p.m.

APRIL

Tues, April 1              Networking Fair for Jobs & Internships, 12-4 p.m. in SUB MPR

Sat, April 5                 Accepted Students Day, 10 a.m.-3 p.m.

Wed, Apr 9                BAT (Bloomberg Assessment Test), 4-6 p.m. in VH 113

Fri, April 25                Business Advisory Council Meeting, 7:30-10 a.m., VH115

MAY

Fri, May 2                   Award & Graduation Ceremony, 5-7 p.m. in Studley Theatre

Tue, May 6                Last Day of Classes

Wed, May 7               Business Plan Contest, 12-4 p.m. in Student Union Building 62/63

Thr, May 8                 Hall of Fame, 5-7:30 p.m. at Wiltwyck Golf Club

Fri, May 16                Graduate Commencement, 6-7:30 p.m.

Sun, May 18             Undergraduate Commencement, 10 a.m.-12 p.m.

Investment Competition

Our Investment Competition continues to challenge students by introducing them to applicable investing strategies by hearing from guest speakers and using software to create portfolios and actively trade in the one-credit Investment Initiative course. Students use Stock Trak, a web-based software package that simulates markets and allows students to invest in a virtual brokerage account.

On Dec. 4, 2013 six teams of students presented the portfolios that they created and managed throughout the semester to a panel of judges for the chance to win a scholarship. The judges included: Irene Berner, Berner Financial Services; Lenny Boccia, Wells Fargo Advisors; Akram Ibrahim, Hudson Valley CPAs; and alum, Adam Stumer, NYSE. The winning and runner-up team had the opportunity to tour the NYSE.

Are you Linked In? Join the "SUNY New Paltz School of Business" and "SUNY New Paltz MBA Program" group on www.LinkedIn.com!