Promote The Development And Maintenance Of Quality Academic Programs
In support of the University's and College's missions, the Department will develop and maintain quality academic programs.
Objective
Support The Development Of A BBA Degree In Entrepreneurship
To meet student demand for the degree, assist with the development and implementation of a new BBA degree with a major in Entrepreneurship.
KPI
Development Of BBA Degree In Entrepreneurship
The department will submit all documentation needed to guide the proposed degree through the University curriculum process and assist with its acceptance as a new degree program at SHSU.
Result
Approval Of BBA In Entrepreneurship
The BBA in Entrepreneurship was approved by the THECB and is in place to be offered beginning with the fall 2012 semester.
Action
Promote BBA In Entrepreneurship
With THECB approval of the BBA in Enterpreneurship program, the program will now be advertized and promoted.
Objective
Perform Preliminary Reviews Of Degree Programs Housed In The Department
In anticipation of more formal reviews of the degree programs found in the College of Business Administration, the department will undergo preliminary reviews of the BBA in Banking and Financial Institutions degree, the BBA in Finance degree, and the BBA in General Business degree.
KPI
Complete Preliminary Reviews Of Degree Programs
The department will complete initial reviews of the BBA in Banking and Financial Institutions, BBA in Finance, and BBA in General Business degree programs.
Result
Preliminary Reviews Of Departmental Degree Programs
Ad-hoc reviews of the BBA in Banking and Financial Institutions and the BBA in Finance degrees were made. Formal program reviews will begin in the 2012-2013 academinc year. No such review was made of the BBA in General Business as it is not housed exclusively within the department. The formal review of the General Business degree will be conducted by a college-wide committee beginning in the 2012-13 academic year.
Action
Program Reviews
During the 2012-13 academic year, formal reviews of the BBA in Finance and BBA in Banking and Financial Institutions will be made by members of the deparment. A formal review of the BBA in General Business will be made by a college-wide committee.
Objective
Continue Refining The Assurance Of Learning Process
As part of the department's commitment to continuous improvement, it will continue to refine and adapt its Assurance of Learning (AoL) process for courses and degree programs housed within the department.
KPI
Refine Assurance Of Learning Process
The department will document changes it has undergone to adapt and refine its Assurance of Learning Process.
Result
Coordination Of AOL Processes
Dr. Steve Nenninger has coordinated efforts to improve the AOL process for the BBA in Banking and Financial Institutions degree. Dr. Robert Stretcher has coordinated efforts to improve the AOL process for the BBA in Finance. Some progress has been made but a more cohesive process continues to be worked on, particularly at 4000-level courses. Dr. Jonathan Breazeale generated the AOL reports for the two primary courses evaluated in each program FINC 3310 and FINC 3320.
Action
Changes To AOL Process
Refinements to the AOL processes for the Finance and Banking and Financial Institutions degree programs will be instituted,
Goal
Support The Recruitment And Retention Of A Productive, High-Quality Faculty
The most valuable asset for an academic department is its faculty. The faculty are responsible for the creation and delivery of quality academic programs, the creation of new knowledge as well as other intellectual contributions, and for providing service as it relates to shared governance and serving students, the academy, employers and the community. As such, it is vital that the department recruits and retains a high quality faculty.
Objective
Recruit New Highly, Qualified Faculty
The department will conduct national searches for new faculty members in the areas of finance and business communications.
KPI
Complete Faculty Searches
Following national searches, the department will hire new faculty members in the areas of Business Communications and Finance.
Result
Hiring Of New Faculty Members
Dr. Mary Funck (Mississippi, PhD) was hired as an assistant professor of finance. Dr. Traci Austin (Nebraska, PhD) was hired as an assistant professor of Business Administration (Business Communciations).
Action
Faculty Mentoring
Having successfully hired two new faculty members, senior faculty members (Gerry Hynes and Bala Maniam) have been assigned to serve as mentors.
Objective
Provide Funding For Development And Professional Travel
To encourage greater research productivity and the professional qualifications of the faculty, funding will be provided for faculty development and for presentations of scholarly works at professional and academic venues.
KPI
Provide Funding For Travel And Professional Development
The department will provide funding to support faculty travel to present papers at academic and professional conferences and for professional development opportunities.
Result
Professional Travel
Over $45,000 was provided to fund travel for paper presentations to 38 professional and academic conferences by 18 different faculty members.
Action
Promote Faculty Development
The department will try ot increase faculty awareness of the financial resources available to it in support of faculty development.
Objective
Maintaining AQ And PQ Percentages
Policies will be implemented to help ensure that AACSB guidelines for the percentage of classes taught by Academically Qualified (AQ) and by both Academically Qualified and Professionally Qualified (PQ) faculty continue to be met.
KPI
Maintenance Of AQ/PQ Percentages
The department will ensure that the number of course sections taught by AQ (academically qualified) and PQ (professionally qualified) meets or exceeds AACSB guidelines.
Result
AQ-PQ Percentages
For the academic year 2011-12, 61.4% of the sections were taught by AQ faculty and 90.2% by AQ or PQ faculty. Broken into subsections, 52.6% of the GBA (BUAD) sections were taught by AQ faculty and 90.4% by AQ or PQ faculty, and 75,7% of FIN (FINC) sections werfe taught by AQ faculty and 90.0% by AQ or PQ faculty.
Action
Maintain AQ/PQ Percentages
The department will continue to monitor AQ/PQ percentages and work with individual faculty members to maintain (and in some cases regain) their professional and academic qualifications.
Objective
Revise Post-Tenure Review Policies
To ensure tenured faculty members maintain a level of professional engagement in line with maintaining Academicially-Qualified status as per AACSB standards, the departmental Post-Tenure Review process will be revised and updated.
KPI
Revise Post-Tenure Review Process
The department will complete a revision of its post-ternure review process.
Result
Revised Post-Ternure Review Process
The tenured and tenure-track members of the department revised the Post-Tenure Review Process and arrived at a consensus. The policy was forwarded to the Dean of the College and is awaiting action,
Action
Revise Post-Tenure Review Process
The new post-tenure process, although not yet formally approved, will be tried with the one faculty member who is up for post-tenure review this year.
Objective
Expand Faculty Awareness Of Research And Teaching Tools
To improve research productivity and enhance the classroom experience, expand faculty awareness and use of databases such as CRSP, Research Insight, SNL, CASH/CASH-Tax and other resources.
KPI
Expand Faculty Awareness Of Available Resources To Enhance Teaching And Research
The department will ensure that the faculty is aware of various department, college, and university resources available to enhance research productivity and the teaching process.
Result
Awareness Of Tools To Enhance Research Productivity
At the fall and spring department meetings the availability of CRSP, Research Insight, SNL and the Cash Suite were noted. Library staff also periodically conducts information sessions on research tools available to faculty members at SHSU.
Action
Expand Faculty Awareness Of Resources
The department will expand its efforts for making faculty members aware of the various teaching and research resources available to them.
Goal
Provide An Environment Supporting Students' Professional And Academic Success
As a department that houses professional degree programs, the Department of General Business and Finance is cognizent of its responsibility to promote its students' growth both inside and outside of the classroom. Toward that end, the college desires to create an environment that supports students’ professional and academic success.
Objective
Expand Online Course Offerings
To meet student needs and demands for a variety of course options, expand the number of online offerings of courses offered by departmental faculty
KPI
Expand Online Course Offerings
The department will expand the number and frequency of courses offered through distance (online) education.
Result
Additional Online Courses
Besides the six courses taught in the EMBA program, 30 sections of online courses were offered, up from 18 the previous year.
Action
Expand Online Course Offerings
Additional sections of FINC 5338 and FINC 5370 will be made. One new course, BUAD 3335, has been developed for online instruction. One additional BUAD 1305 is under development.
Objective
Develop Long-Term Schedules
To assist students with completing their degree plans, develop and advertise a long-term schedule of planned course offerings that include daytime and evening courses at TUC, online courses, and traditional face-to-face courses in Huntsville.
KPI
Develop Long-Term Schedule
The department will develop a long-term schedule to assist students with future course registration.
Result
Long-Term Schedule
A long-term schedule was developed to serve as a guide to students planning coursework in future semesters.
Action
Develop Long-term Schedule
The department will work with the Associate Director of Graduate Programs and Distance Learning in developing a long-term schedule of classes offered at the Huntsville and Woodlands campuses, and online.
Objective
Encourage Development Of Academic Support Materials
To meet the needs of students requiring addtional reviews of critical conceptual and quantitative course materals, support and encourage faculty efforts to develop academic support material that is readily accessible for those needing such assistance.
KPI
Develop Academic Support Material
The department will develop academic support materials that is available for students to use in reviewing conceptual and quantitative concepts.
Result
Academic Support Materials
Although some review and tutorial materials have been developed by individual faculty members, the lack of infrastructure from which to provide student access to such material has been a hindrance.
Action
Increase Availability Of Academic Support Material
The department will work to improve the accessibility of the many online reviews and tutorials that have been developed by individual faculty members.
Objective
Encourage Development Of Student Organizations
Encourage the development of new student organizations (and support existing organizations) focused on disciplines housed within the department
KPI
Enhance Student Organizations
The department will continue to support student organizations focused on disciplines within the department and examine the need for additional organizations.
Result
Student Organizations
The Banking and Finance Club has been very active throughout the year. A new organization, the Collegiate Entrepreneur's Organization, the local affiliate for the national organization, has been started under the tutelage of Dr. Chip Matthews.
Action
Promotion Of Student Organizations
The department will contine to promote the Banking and Finance Club, and help the Collegiate Entrepreneur's Organization become a more visible student organization.
Goal
Develop Relationships With Non-student Stakeholders
The department's success in helping students help themselves is buoyed through productive relationships with a wide array of stakeholders, to include, alumni, employers, donors, and community leaders. As such, the department seeks to develop and maintain viable relationships with non-student stakeholders.
Objective
Enhance Relationships With External Stakeholders
Enhance the existing relationships with various external stakeholders of the various programs housed within the department.
KPI
Enhance Relationships With External Stakeholders
The department will continue to enhance its relationships with various external stakeholders of the BBA and EMBA degree programs in Banking, the BBA degree in Finance, and the BBA degree in General Business.
Result
Relationships With Non-Student Stateholders
New and existing relationships continue to be made, primarily through the efforts of Dr. Jim Bexley, primarily in terms of broader access to a variety of finance and banking organizations, much of which is related to generating internships and job opportunities for students. Dr. Chip Matthews has also reached out to generate resources to support the new Entrepreneurship program.
Action
Expand Relationships With External Stakeholders
The department will continue to work with external stakeholders to help promote the activities of the department for the primary benefit of our students.
Goal
Enhance External Recognition Of Quality
External recognition of quality enhances the department's ability to attract quality students, faculty, and prospective employers for its graduates.
Objective
Identify And Promote Points Of Excellence
Identify and promote points of excellence from within the department
KPI
Identify And Promote Points Of Excellence
The department will identify and promote points of excellence of degree programs housed within the department.
Result
Promote Points Of Excellence
Besides continued support for the successful banking and PGA/PGM programs, little additioanal work has occured in this area.
Action
Promote Points Of Exellence
The department will continue to support its niche programs (banking and PGM) and work to develop new ones such as in entrepreneurship.
Goal
Promote Efficient And Effective Administration Within The Department
The department's success is dependent on the success of the individual degree programs administered by the department and in providing quality courses supporting the common body of knowledge for all degree programs housed in the college. Furthermore, the efficient and effective administration of resources is demanded due to the scarcity of such resources.
Objective
Develop New Faculty Evaluation System
Develop a new Faculty Evaluation System in support of new COBA policies regarding the evaluation of teaching, service, and research
KPI
Develop A New Faculty Evaluation System
The department will develop and implement a new faculty evaluation system that is in line with new COBA policies.
Result
New Faculty Evaluation System
A new faculty evaluation system was implemented to try to reward qualitative factors (e.g., impact) over quantitative (e.g., number of committee assignments).
Action
Enhance Faculty Evaluation System
With greater faculty awareness and appreciation of the changes made to evaluation proceess made last year, refinements to the chair's input to the process are being made.
Objective
Enhance Faculty Awareness Of Efficient Use Of State Funds
Enhance faculty awareness of university, college, and department policies dealing with the efficient use of state funds (e.g., travel reimbursement and procurement policies)
KPI
Enhanced Awareness Of Efficient Use Of State Funds
The department will provide detailed information to inform faculty of its mandate to efficiently use state funds, specifically with respect to travel reimbursements and procurement policies.
Result
Travel And Procurement Policy Summaries
The faculty was provided with summaries of key travel and procurement policies to ensure they are following state guidelines with respect to the efficient use of state resources.
Action
Promotion Of Efficient Use Of State Resources
The department will continue to inform faculty members of state policies with respect to the use of state funds and work towards efficient use of the scarce resources provided.