heider college of business 2014 annual report

Table of Contents

2 | Heider College of Business | Annual Report 2014 | Table of Contents

Dean Anthony R. Hendrickson

Table of Contents | Annual Report 2014 | Heider College of Business | 3

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INTRONote from Dean Hendrickson

Introducing the Heider College of BusinessSuccess of Ignite the Greatness Campaign Creates Exciting Future

Where Our Students GoHeider Annual Enrollment Report

YEAR IN REVIEWArgy Bargy Event a Huge Success for Students

Heider College of Business Opens iJay StoreCreighton Business Symposium

A Week on Wall StreetCreighton Wins CFA Competition

Creighton Hosts First Annual Murphy Cup Sponsored by Nike, inc.Silicon Valley Travel Course

Matthew McNary Receives Nebraska AwardCreighton Takes 1st Place in ACG Cup

South Africa Travel Course

FACULTY SPOTLIGHTTom Shimerda

Ethics Alliance’s Beverly Kracher Named Top 100 Thought LeadersNew Faculty

Dr. Purcell Appointed to Accounting Board

HEIDER IN THE COMMUNITYFinancial Hope Collaborative Receives Award

Innovation for High School EntrepreneursHeider Faculty and Students Come Together to Give Back

Madelyn Mcglynn’s Network Against Malaria Nominated for National Award

4 | Heider College of Business | Annual Report 2014 | Introduction

It has truly been a transformational year here at the

Creighton University Heider College of Business!

In recognition of the generosity of Charles and

Mary Heider, Creighton’s College of Business

is now the Heider College of Business, the first

named college at Creighton.

The success of the Ignite the

Greatness campaign, which has

raised over $100 million dollars

to date, has had a profound

ripple effect within our program

and on campus. A portion of the

monies raised was earmarked for

renovations of the Harper Center,

effectively negating the need to

channel a larger portion of Ignite

the Greatness funds toward

new construction. The Heider

College of Business moved to

the Harper Center this past fall,

and we could not be prouder

of our new home.

Part of the renovations included the Heider

Securities Investment and Analysis Center,

an impressive “investment center” style classroom

with 12 Bloomberg terminals. New as well was

iJay, an Apple® Authorized campus store that

students help run and manage. Both are additional

ways we augment traditional learning with hands-

on, experiential learning for our students.

Making a Creighton business education accessible

to more students was one of the goals of the Ignite

the Greatness campaign. We are well on our way

to raising undergraduate enrollment from 700

to 1000 with a record number of students entering

this fall. Small class sizes remain a priority. In

order to maintain our hallmarked personalized

education, we have hired four new faculty

members. We will continue to add new faculty

to keep pace with our growing enrollment.

I am continually amazed at the generosity of our

alums. Time and again, you offer your time and

expertise as well as your monetary support, and

our students are enriched as a result. Thank you

for sharing your gifts with us. We are most grateful.

When you are next on campus, please

drop by the new Heider College of

Business at the Harper Center to see

for yourself how much the program

has grown this year. I look forward

to saying “thank you” in person!

Introduction | Annual Report 2014 | Heider College of Business | 5


INTRODUCING THE HEIDER COLLEGE OF BUSINESSHEIDER’S TRANSFORMATIONAL GIFT RENAMES COLLEGE OF BUSINESS $100 Million in Gifts and Pledges Received through Ignite the Greatness Campaign

Creighton University celebrated several major

milestones in its plan to expand and enhance business

education at a donor recognition event Oct. 23.

The event, held at the newly named Heider College

of Business, announced the record-breaking results

of over $93 million in gifts and pledges to the Ignite

the Greatness campaign, a fundraising effort to

support not only the needs of business education

at Creighton but the largest renovation of academic

areas in the history of the University. Creighton Board

of Trustees members and Omaha business leaders

Scott Heider and Mark Huber co-chaired the campaign.

Among the donors honored were Charles and Mary

Heider, whose long-term philanthropy and support

of the University was recognized with the first-ever

naming of a Creighton college for a benefactor.

“This is a historic time in the life of Creighton

University. We are blessed to have donors who share

our vision—graduating men and women who not only

have the skills to succeed in business, but who are

inspired to be business leaders grounded in ethics

and service to others,” said Timothy R. Lannon,

S.J., president.

More than 1,200 donors - including alumni, friends,

corporations and foundations - participated in the

campaign which was launched publicly in November

2012. Providing a purposeful education that helps

students find their place in the world and discover how

to contribute in meaningful ways was very important

to supporters.

“We had a dream to make a lasting impact on future

generations of business leaders and the communities

they serve,” said Scott Heider. “Creighton is the engine

that will make this dream happen. The Heider College

of Business brings in nearly 80 percent of its students

from outside Nebraska, with about 65 percent staying

here, adding to our local brain gain in the region.”

The demand for Creighton programs and graduates

is well-documented, including a 96 percent rate

of employment or enrollment in graduate studies

within six months of graduation, more than 3,000

internship opportunities for Creighton business

students each year and substantial growth

of innovative business programs that offer real-world

instruction and hands-on business experience

to students.

Anthony R. Hendrickson, Ph.D., Dean of the Heider College of Business, reaffirmed that Ignite the Greatness will position Creighton well on the national higher education landscape: “In the near term, our goal is to grow undergraduate enrollment from 700 to 1,000 students. We will do that by continuing to offer our students real-world business experience and a dynamic curriculum that keeps pace with an ever-changing business environment and by taking advantage of the inter-professional opportunities at Creighton,” he said.

In addition to Charles and Mary Heider, donors

who made significant gifts to the campaign included:

• George and Susan Venteicher

• Robert B. Daugherty Foundation

• Peter Kiewit Foundation

• Scott and Cindy Heider

• Mark and Margaret Huber

• Suzanne and Walter Scott Foundation

• Union Pacific

• Charles Koch Foundation

• Gail Werner-Robertson and Scott Robertson

• Don Waite and Anna Tyler Waite

• Two anonymous donors

“In a little less than two years, the friends,

alumni, corporations and foundations responded

emphatically to the need of expanding the Heider

College of Business, both in physical space and

enrollment,” said Rick Virgin, vice president for

University Relations. “We are truly fortunate to have

donors in Omaha and across the country who support

our students and faculty with this level of passion

and conviction. It is representative of the Creighton

culture of generosity and innovation.”


It is hard to tell who was more excited

about the opening of the newly-named

Creighton University Heider College

of Business: The alumnus whose

generosity helped make the project

a reality or the dean of the business

school who had a vision to take

the school well into the 21st century

and help fulfill the demand for quality

business graduates.

Charles Heider, a 1949 graduate of the Creighton

College of Commerce, and his wife Mary knew they

had been blessed with opportunities over the years.

The couple wanted to give back to the place where

it started for Mr. Heider.

Heider shared Dean Anthony Hendrickson’s vision

for a business school that could grow enrollment to

fulfill the demand for experienced graduates with

the right skills. This vision included developing

and using state-of-the-art technology that would

give Creighton business graduates an edge in

the workplace, such as a trading floor classroom

with the most advanced investment and securities

analysis technology and Bloomberg Terminals that

provide real-time investment information directly

from Bloomberg.

“Now is the right time to expand the size

of the College of Business. It’s time to increase

the number of students we educate,” said Heider.

“A larger business school is good for Creighton

University and good for our community. The vast

majority of the talented young men and women

who attend the College of Business come from all

over the country. That is very impressive, and it also

tells us something about the special opportunity

we have going forward.”

Indeed, it was the transformational gift from

the Heiders that lit the flame in the College

of Business “Ignite the Greatness” campaign.

With the money from the “Ignite the Greatness”

campaign, the University was able to move the

newly named Heider College of Business into

the refurbished Mike and Josie Harper Center,

while providing renovated classrooms and updates

for departments across the campus as part of

the largest renovation of academic areas in the

University’s history. Funds were also designated

for faculty support and development and student

scholarship and tuition assistance.

It took less than two years to realize

Heider and Hendrickson’s joint

dream of an expanded business

school. But the ramifications of

the historical campaign will be felt

for generations to come.


Section Titles | Annual Report 2014 | Heider College of Business | 9

SUCCESS OF IGNITE THE GREATNESS CAMPAIGN CREATES EXCITING FUTURE


Why put off until tomorrow what you can do today?

That seemed to be the philosophy at work this

past year at the Heider College of Business. Last

fall, the college set a strategic goal of increasing

undergraduate enrollment to 1,000 students. In our

first year, new freshman enrollment is up over 25%

from the largest freshman class of 205 in 2012.*

Talk about speed to market.

Heider alumna Katrina Rieff was hired as special

assistant to the dean to focus exclusively

on undergraduate recruitment efforts. Rieff came

to Heider College of Business with six years

of admissions experience from Creighton’s Office

of Admissions.

2013-14 Heider enrollment events included:

• Fall & spring admissions receptions from coast

to coast: Chicago, Dallas, Denver, Des Moines,

Kansas City, Phoenix and St. Louis

• Additional events in California, New Jersey & New

York linked prospective students with our Heider

alumni

• Largest attendance to the Heider Dean’s Fellows

interview day and Ethics Scholarship competition

weekend on February 22 and 23, 2014

Heider Annual Enrollment Report


Middle 50% Scores:

ACT= 24-29 SAT=1070-1255

GPA= 3.4-4.0

2014 FRESHMAN PROFILE

*Increased enrollment over

Year in Review

14 | Heider College of Business | Annual Report 2014 | Year In Review

ARGY BARGY EVENT A HUGE SUCCESS FOR STUDENTSBritish slang for a noisy, often heated discussion, Creighton’s version of an Argy

Bargy is a little more civilized though no less lively. It’s the culmination of Cynthia

Corritore’s, Ph.D., professor of business intelligence and analytics, Business

Application Development course. Dr. Corritore conceived this course two years ago

to keep in time with the rapid pace of technology development.

The inaugural competition, held in 2012, was a rousing success. This year 16 teams

of two and three pitted their ideas against each other in an open forum at the

Harper Center on December 5. Each team had 10 minutes to present their apps

to the audience. New this year was what Dr. Corritore calls “an element of difficulty.”

Students hit databases they created and audience members used a third party

database that let them remote in from their app environment, she explained.

Dr. Corritore teaches BIA375 using the flipped method of teaching, meaning the

students complete homework in class and listen to the lecture and prepare for class

on their own. “Class becomes a time in which we do the hardest part of learning-

application of the concepts under study- when students have access to me and their

peers in the classroom,” observes Dr. Corritore. Research, she says, has shown that

this applied learning in the classroom results in higher student engagement

and longer retention.

Students were responsible for securing donations for the prizes and raised $500

in just 10 days and then another $100 just two days before the contest. Several

sponsors donated in-kind gifts, including 4 iPad Airs from the Heider College

of Business, CU DoIT and CRI, a local consulting firm; 5 $50 gift certificates from

iJay; 2 Pebble Watches; 6 Google Chromcasts and 4 credit card phone chargers.

First place winners were Julie Wians and Elena Rodriquez

with Spot-A-Potty. Second place went to Danielle Brunow

and Tyler Gilman with Drunk Lock. Matt McNary and Elizabeth

Spurny came in third with Hungry.

Year In Review | Annual Report 2014 | Heider College of Business | 15

Who doesn’t get excited about exploring an entirely

new candy store? “Candy” for a college student

is the latest in electronic gadgets. And now there

is a store right on campus to satisfy the collegiate

sweet tooth.

The iJay, Creighton’s Apple® Authorized Campus Store,

held its grand opening September 4 after hosting an open

house on August 16th to commemorate the soft opening.

In recognition of the grand opening, customers bobbed

for apples tied to promotional pricing and were set up with

iJay gear. Numbers exceeded expectations, confirming

that the iJay will be a successful campus venture.

Located on campus in the Harper Center, the iJay

doubles as an experiential learning center. Along

with hosting various workshops, a team of chairs

from various disciplines in the Heider College

of Business established the

iJay Practicum, a course that

blends classroom learning

and real-world management

of the store into an elective

course for business students.

16 | Heider College of Business | Annual Report 2014 | Year in Review


HEIDER COLLEGE OF BUSINESS OPENS iJAY STORE

THE NATION’S LARGEST STUDENT-

LED BUSINESS SYMPOSIUM JUST

GOT BIGGER THIS YEAR. THE 2013

CREIGHTON BUSINESS SYMPOSIUM,

HELD AT THE CENTURYLINK CENTER

ON NOVEMBER 15, SAW A TOTAL

ATTENDANCE OF MORE THAN

650 PARTICIPANTS.

Of those, 350 were Heider College of Business students.

That’s over half of the college, says Joe Larson,

the senior accounting major who co-chaired the planning

team of 10 with fellow senior finance and business

intelligence and analytics major Nermina Demirovic.

“We definitely did a lot of marketing in terms of creating

posters and speaking to our fellow Heider College

of Business classmates during class. Selling the

symposium is a very important part of the planning

process, and the numbers this year speak to that,” attests

Larson. “Having such a large portion [of the student

population] is really a testimony to our fellow students

and their values of striving for excellence, being a leader

and reaching out to others in the community.”

This year marked the 10th anniversary

of the Creighton Business Symposium.

As such, its theme was “Decade of

Excellence.” During the luncheon, past

symposium leaders were recognized

in a slideshow presented by Robert

Moorman, Ph.D., currently a professor

at Elon University in North Carolina,

but who was instrumental in establishing

the Creighton Business Symposium while

he taught at Creighton.

The day was a mix of keynote speakers and panel

breakout sessions. Alumnus Nick Ghoussaini, senior

operating partner at Triton, gave the morning keynote

address. Creighton Director of Athletics Bruce

Rasmussen presented the luncheon address.

CELEBRATING A DECADE OF EXCELLENCE

CREIGHTON BUSINESS SYMPOSIUM


He encouraged listeners to reflect on all the small

positives in life, which are easy to overlook but are

invaluable to living a meaningful life.

Connecting classroom learning with real-world

business experience is integral to the symposium.

While students excel in the classroom,

advancement in careers stems from connections

with business leaders and Creighton alumni,

Larson acknowledges.

“Meeting with successful business professionals

in a setting like [the Creighton Business Symposium]

is a great way to connect with them for future

opportunities,” weighs in junior Ashley Bullock.

The symposium afforded the accounting and

Spanish major the opportunity to have lunch with

her future boss at PricewaterhouseCoopers

of Minneapolis, where she is interning this summer.

“He is a Creighton graduate and is really passionate

about networking with current Creighton students,

so it was really great to get to see him again

in a more relaxed setting.”

For freshman marketing major Erin Coburn,

the Creighton Business Symposium offered

exposure to previously unconsidered career choices:

“Events like the symposium … open our minds

to new career paths and opportunities that we would

not have otherwise been exposed to at this point

in our lives.”



A WEEK ON WALL STREET

Lee Dunham, Ph.D., CFA, assistant professor

of finance at the Heider College of Business,

concurs. Dr. Dunham, along with Thomas Shimerda,

Ph.D., CPA, associate professor of accounting,

and Randy Jorgensen, Ph.D., CFA, associate

professor of finance, took 27 senior finance and

accounting students to New York City in January

as the culmination of a joint travel course between

the two disciplines.

“IN MY VIEW, THIS CLASS/

TRIP APPROPRIATELY COMES

NEAR THE END OF THEIR

UNDERGRADUATE JOURNEY

AS FINANCE AND ACCOUNTING

MAJORS. IT PERMITS STUDENTS

TO SEE HOW THEORY IS PUT INTO

PRACTICE, AND THEY GET TO SEE

THIS IN THE WORLD’S FINANCIAL

CENTER OF NYC,” STATES

DR. DUNHAM.

The trip takes place during the first week of January

over winter break. To prepare for their trip to NYC,

students attend a series of Saturday morning

sessions beginning in October. Guest speakers from

the Omaha business community who have worked

in New York City at some point in their careers help

prime students for their experience out east.

Students had a packed six days. They went to

see the New York Stock Exchange and the World

Trade Center Memorial. They visited several New

York companies and spoke with alumni working in

Manhattan, including Brian Nagel of Oppenheimer

and Co. and Mark Kelehan

at Wolfe Research.

ST. AUGUSTINE SAID THAT THE WORLD IS A BOOK AND THOSE WHO DON’T TRAVEL ONLY READ A PAGE.


Nicole Roby, a finance and pre-health double major,

plans to integrate good finance principles into her

future medical practice. The benefits of the travel

course were greater than she ever expected. “I went

in wanting to go to NYC and get three credits,” she

admits, “and came out learning more than any

classroom lecture. It is a once in a lifetime learning

experience that you will never get in a classroom.”

“Unlimited value” is how financial analysis major John

Spellerberg describes his New York experience.

“An experience like this gets you excited about what you

want to do after graduation. Sometimes, when you’re

in the day-to-day grind of classes and tests, you lose

that excitement and just want it to be over with. A trip

to NYC, however, helped me get excited about learning

this last semester and pursuing a career in the finance

industry,” says Spellerberg.

The weekend of February 7-8, Creighton won the CFA Research Challenge Nebraska-Iowa regional competition held, in Des Moines, IA, for the second consecutive year. The Creighton winners were Markus Fort, Billy Paluch, Max Vogt and Alex Woodard. All were finance graduate students.


Creighton Wins CFA Competition

This is the fourth year Creighton

has participated in the competition.

Lee Dunham, Ph.D., CFA, assistant

professor of finance, serves as

the faculty moderator of the event

and is responsible for assembling

the team. All team members are

graduate students in Creighton’s

Master’s of Securities Analysis and

Portfolio Management (MSAPM)

degree program.

This year, competing schools

included: University of Nebraska-

Lincoln, University of Northern

Iowa, Loras College, Drake

University, University of Nebraska

at Omaha, Iowa State University

and Creighton University.

The competition, which Dr. Dunham

describes as “very prestigious as

well as very competitive,” consists

of each team analyzing a company

(in this case, Meredith Corp.);

writing a sell-side research report,

including an appropriate buy/sell

recommendation; and then making

a formal presentation of their report

to a group of judges, all of which are

CFA charterholders. An intense

Q & A session follows.

Having secured the NE-IA regional

competition, the Creighton team

advanced to the Americas Regional

Final in Denver.

Dr. Dunham is proud of the

Creighton team and their success:

“This group of students has

worked extremely hard since early

November, and their hard work has

paid off. I think in some ways they

treat this competition as a second

job. As their faculty mentor, I could

not be more proud of their efforts.”


24 | Heider College of Business | Annual Report 2014 | Section Titles

Creighton Hosts First Annual Murphy Cup sponsored by NIKE, Inc.

Creighton University’s Heider College of Business, in collaboration with Drake University, hosted the first annual Murphy Cup strategic marketing competition February 6-8. This inaugural event was, by all accounts, a huge success.

Twenty-four students, twelve from each

university, joined forces at the Heider College

of Business for a weekend of collaboration,

team building and hands-on learning.

The Murphy Cup is the brainchild of Omaha

businessman Chris Murphy. Murphy is

Chairman and CEO of First Westroads Bank,

a Drake alumnus and Creighton University

Board of Trustees member. Murphy is an

advocate for experiential learning, and he

wanted to afford students the opportunity

to work with a live client.

And so they did. Athletic outfitter powerhouse,

NIKE Inc., was the corporate sponsor of the first

Murphy Cup. Creighton alumni, Jayme Martin,

Vice President and General Manager of Global

Categories for NIKE Brand, led a team of fellow

Creighton alums and NIKE Inc. executives.

After an opening day on Thursday of learning

from NIKE Inc. executives, Friday was dedicated

to team preparation of their pitches; Saturday,

each team presented to a panel of industry

experts: Martin of NIKE Inc.; Mary Ann O’Brien,

founder and CEO of OBI Creative and John

Marshall, Principal at SilverStone Group.

“Awesome” is how senior marketing major Jacob

Schwaegler describes NIKE Inc.’s interaction

with the students. “We couldn’t have gotten

a better [sponsor]. It’s a lot easier to stay

motivated when you know someone is going

to listen and use what you say.”

An awards dinner capped off the weekend.

The winning team consisted of Blake Miller

and Mackenzie Russo from Drake and Jacob

Schwaegler and Kelcy Perkins from Creighton.

Individual recognitions included: Most Creative

Contributor to Creighton’s Danielle Short, Most

Knowledgeable Contributor to Drake’s Stephanie

Esker and Most Outstanding Presenter and Most

Effective Leader to Creighton’s Julianna Wians.

The goal of the event, to provide an opportunity

for collaborative, experiential learning, were not

just met, they were exceeded. “Working in groups

is nothing new for a student in the Heider College

of Business,” owns senior Julliana Wians, “but

interacting with students from Drake University

with different backgrounds, personalities and

curriculums posed an incredible taste of life

after graduation.”

Year in Review | Annual Report 2014 | Heider College of Business | 25

16 senior marketing and BIA students embarked on a five-day whirlwind tour of technology, service and retail businesses in the Bay area over spring break.


The trip was the culmination of the Business on the

Western Frontier travel course taught by Trent Wachner,

Ph.D., assistant professor of marketing, and Matt

Seevers, Ph.D., associate professor of marketing at

the Heider College of Business. The course immerses

students in the business culture of San Francisco

and the Silicon Valley.

During this course, students go beyond business tours

to get an inside view of the companies’ work cultures

and practices. Prior to the trip, they conduct in-depth

research, the kind of research they would perform before

a job interview, on all the companies they will visit.

Armed with this information, they met with executives

in briefing centers to engage in strategic discussions.

It is all student-driven, and illuminating.

Marketing and economics major Patrick Czechut-

Hoffman’s biggest takeaway from the trip: “I learned

that conventional wisdom is not always the best way.

It seems that almost everyone we talked to, either

on a personal or company level, did not get where

they were on a ‘normal’ path. Too often I feel in the

classroom environment the answers are too black

and white, and our world is simply not that way.”

Dr. Wachner says this realization, that there isn’t always

a “right” path to follow, was a relief to the soon-to-be-

graduating seniors. “The students learned they didn’t

have to have a plan for the rest of their lives,”

says Dr. Wachner.

Silicon Valley Travel Course


Rising senior, Matthew McNary, was selected as the first ever

Creighton student for the Debra Smithers Excellence in Business

Scholarship from the Institute for Supply Management

Nebraska.

McNary, a Meriden, Kansas native, is one of two

2014 recipients of the award. He is majoring in

accounting, finance and business

intelligence & analytics. McNary is also

the President of Alpha Kappa Psi,

a professional business fraternity,

and is involved in Beta Alpha

Psi, Financial Planners

Association and the

Anna Tyler Waite

Leadership

Program.


Matthew McNary Receives Nebraska Award

“I love to learn

about new technology

and how it is able to be

integrated with existing

technology,” says McNary. “I have

been intrigued by the intricacies

of companies’ supply chains. I recently

completed an IT internship at ConAgra Foods,

Inc. where I helped maintain the transportation

and EDI software. One of my future career goals

includes developing accounting and financial software

that is integrated into supply chain operations. I would like

to thank ISM-Nebraska for their generosity in supplying

this scholarship.” Year In Review | Annual Report 2014 | Heider College of Business | 29

Creighton’s MBA students continued to shine this year.

Three Heider College of Business graduate students took home

the ACG Cup Champion title in Lincoln, NE in April.

“The ACG Cup is an intercollegiate case study competition designed to give students

in the Omaha/Lincoln area real-world experience and invaluable insights into mergers

and acquisitions, investment banking, financial advisory and private equity,” states

ACG Nebraska.

Scott Summers from Papillion, NE; Justin Disch from Norfolk, NE and Aaron Smith

from Des Moines, IA brought home the $4,000 prize. All are members of the Master

of Security Analysis and Portfolio Management program. The program delivers

advanced knowledge about investment assessment, security analysis and portfolio

management, which is critical to those seeking top jobs in the field.

For Summers, the competition was extremely beneficial: “The experience and exposure

gained from participating in the ACG cup is invaluable. Not only are you presented an

opportunity to apply your knowledge and skills in a real-life scenario, but you get to do

it in front of many smart and successful local business men and women.”

The team’s adviser, Randy Jorgensen, associate professor of finance, was impressed

with his team’s performance. “The true value of the competition is the practical nature of

it. Students are presented with a case that they must analyze in a week’s time and then

must present their analysis and defend their case in front of a panel of practitioners. It is

as close as you can get to walking into a corporate board room without actually doing so.

The judges are an impressive mix of professionals from the area.

It’s rare for students to have direct and personal access to this level of executive.

Omaha is truly blessed to have professionals who are willing to volunteer their time

to help students in this manner,” stated Dr. Jorgensen.

THE VICTORIOUS CREIGHTON TEAM WILL HOST

THE COMPETITION IN SPRING 2015 AS THE

DEFENDING CHAMPION!

30 | Heider College of Business | Annual Report 2014 | Year in Review

CREIGHTON TAKES 1ST PLACE IN ACG CUP


South Africa Travel Course


Expect the unexpected. That is what 10

students - a mix of undergraduate and

graduate, business and arts and sciences

– learned during their two weeks

in South Africa.

“South Africa has the most diverse and advanced

economy in sub-Saharan Africa. Therefore, a travel

course to South Africa is very different than other travel

courses that the Heider College of Business offers,” says

Ravi Nath, Ph.D., chair of the business intelligence and

analytics department.

“It is quite clear that the next business frontier is likely

to be Africa.”

Time was split between Johannesburg and Cape Town,

and the two weeks were packed with company visits,

site seeing and immersion in the unique South African

culture. Some companies, like Gavilon and Lindsay

Corporation, were Omaha-headquartered companies

with a presence in South Africa. Others were international

or indigenous to South Africa.

The students’ visit to Eskom Holdings illustrated how

a reduced educated work force impedes economic

progression. Rolling blackouts are common in South

Africa, but power plants are expensive and time-

consuming to build. Eskom has sought help from U.S.

firm Black and Veatch to build a new power plant,

but government regulations require Eskom to hire mostly

South Africans, not foreign engineers. Yet very few South

Africans are educated enough to hold these positions

due, in large part, to their restricted access to quality

education during the Apartheid regime.

A shortage of highly skilled employees is one

of Apartheid’s legacies. Students learned of the

government-issued policy called BBB-EE (Broad-Based

Black Economic Empowerment). “It’s designed to get

South Africa’s work force and business ownership

to better reflect the country’s demographics and also

to attempt to better distribute South Africa’s wealth

to ‘previously disadvantaged South Africans,’” explains

Lee Dunham, Ph.D., CFA, associate professor of finance.

In addition to company visits and a trip to the

Johannesburg Stock Exchange, students discovered the

history and beauty of South Africa with excursions

to Robben Island and Soweto, bike rides down the Cape

of Good Hope, a daylong safari and samplings of local

cuisine like Springbok and Kudu.

Senior healthcare administration and policy major Hailey

Froehlich enrolled in the course to learn about different

businesses, but cultural differences intrigued her more.

SAYS FROEHLICH, “NO MATTER WHERE YOU TRAVEL ABROAD, YOU WILL LEARN SO MUCH ABOUT YOURSELF, THE GROUP YOU ARE WITH AND ANOTHER CULTURE.”


34 | Heider College of Business | Annual Report 2014 | Faculty Spotlight

ACCOUNTING PROFESSOR HONORED BY NEBRASKA SOCIETY OF CPASTom Shimerda, Ph.D., associate professor of accounting and department chair

at the Creighton Heider College of Business, received the 2013 Nebraska Society

of CPAs Outstanding Accounting Educator Award at the Nebraska Society of CPAs

Annual Meeting. His dedication to students and long and loyal service to both

the Heider College of Business accounting department and the accounting

profession in Nebraska and nationally garnered him the recognition.

IN ALL, ONLY 20 EDUCATORS HAVE RECEIVED THIS

AWARD IN THE 85-YEAR HISTORY OF THE NESCPA.

IN DR. SHIMERDA’S HONOR, KATIE DORPINGHAUS,

A SENIOR ACCOUNTING MAJOR, RECEIVED A SPECIAL

SCHOLARSHIP FROM THE FOUNDATION OF THE

NEBRASKA SOCIETY OF CPAS.

“Tom continually demonstrates his passion for integrating real-world accounting

practices into his teaching and is a loyal and respected faculty member

in the Heider College of Business and the accounting profession,” said Anthony

Hendrickson, Ph.D., Dean of the Heider College of Business. “Tom embodies

the Jesuit ideals in his dedication to students in and beyond the classroom.”

TOM SHIMERDA

Faculty Spotlight | Annual Report 2014 | Heider College of Business | 35


It’s been a productive year for Beverly Kracher, Ph.D., CEO and Executive Director

of the Business Ethics Alliance. Last spring, the Greater Omaha Chamber

of Commerce named Dr. Kracher Business Woman of the Year. Now Trust Across

America – Trust Around the World (TAA-TAW), global leaders in organizational

trust, has designated her a Top 100 Thought Leader. Dr. Kracher was recognized

for making an extensive and positive contribution to building trust in organizations

and having the potential to transform the way organizations do business.

“I am humbled and proud to be the only Nebraskan among multi-disciplinarian

experts from around the globe. Being named to this list propels the Alliance’s

mission to lead in building a climate of ethical excellence throughout our business

community,” says Dr. Kracher, who is also the Robert B. Daugherty Endowed

Chair in Business Ethics & Society and professor of business ethics and society,

marketing and management at the Heider College of Business.

According to TAA-TWA Executive Director Barbara Kimmel, “The honorees

are inspiring organizations to look more closely at their higher purpose...to create

greater value for, and trust from, all of their stakeholders. They understand

that trust is an asset that can leverage real business gains.”

Dr. Kracher exemplifies the Heider College of Business’ mission of forming business leaders who use their education to promote justice and improve the world.

Dr. Dustin Ormond comes to Creighton University from Mississippi

State University, where he received his Ph.D. in business

information systems. Dr. Ormond also holds bachelor’s

and master’s degrees in information systems management

from the Marriott School of Management at Brigham

Young University. He has taught numerous courses at

Mississippi State University in information

systems, as well as a course in web

2.0 and social media management.

His teaching interests include

database design and

management, computer

forensics and systems

analysis and design.

New Faculty

James

Bailey

is a current

Ph.D. candidate from

Temple University. Professor

Bailey will be receiving his Ph.D.

in economics in 2014 and received his MA

in economics from Temple in 2011. He graduated with an

economics degree from the University of Tulsa in 2009. His

research interests include health economics, labor economics and

entrepreneurship. Dr. Bailey has published numerous works, including

journal articles in Economics Letters and Eastern Economic Journal.38 | Heider College of Business | Annual Report 2014 | Faculty Spotlight


James

Bailey

is a current

Ph.D. candidate from

Temple University. Professor

Bailey will be receiving his Ph.D.

in economics in 2014 and received his MA

in economics from Temple in 2011. He graduated with an

economics degree from the University of Tulsa in 2009. His

research interests include health economics, labor economics and

entrepreneurship. Dr. Bailey has published numerous works, including

journal articles in Economics Letters and Eastern Economic Journal.

Michael Thomas joins Creighton University from the Huntsman School

of Business at Utah State University, where he was a clinical assistant

professor of economics. Dr. Thomas received his BS in business

administration from the University of Alabama, his MA

in economics from the University of Missouri-St. Louis

and his Ph.D. in economics from George

Mason University. Dr. Thomas has been

published in The Review of Austrian

Economics and the Journal

of Town and City Management.

Dr. Thomas has also taught

numerous courses at Utah

State University, including

Money and Banking and

Global Economics

Environment.

New Faculty40 | Heider College of Business | Annual Report 2014 | Faculty Spotlight


Diana

Thomas

is an assistant

professor of economics

from the Huntsman

School of Business at Utah State

University and will join Creighton’s

Heider College of Business faculty in fall 2014.

Dr. Thomas received her BS in finance, as well as her MA

and PH.D. in economics, from George Mason University.

Dr. Thomas is published in numerous journals, including the

Journal of Banking and Finance and the Journal of Entrepreneurship

and Public Policy. Her 2013 piece in the latter publication earned

Dr. Thomas the Outstanding Paper Award.

“I have always felt that it is the responsibility of every member of a profession

to fulfill his or her public trust both individually and collectively,” notes Tom

Purcell, Ph.D., professor of accounting and law at Creighton and certified

public accountant.

Dr. Purcell will be representing the 2nd Congressional District as he begins

the first of his two, four-year terms.

Dr. Purcell brings a wealth of knowledge to the board and his deliberate

nature will serve the board well, weighs in Thomas Shimerda, Ph.D., associate

professor of accounting and department chair. “He considers all aspects

of a problem or situation before he makes his decision. He will not make

‘hasty’ decisions on any board matter.”

Dr. Purcell will bring his experience working on the Nebraska State Board

of Public Accountancy to the classroom, enhancing his ability to advise

his students and moderate Creighton’s Beta Alpha Psi chapter.

“I AM HONORED TO HAVE BEEN SELECTED

TO SERVE IN THIS CAPACITY. I THINK IT SPEAKS

HIGHLY OF THE SUPPORT CREIGHTON HAS GIVEN

ME OVER THE YEARS TO ENGAGE IN THE VARIETY

OF PROFESSIONAL APPOINTMENTS I HAVE

RECEIVED,” ACKNOWLEDGES DR. PURCELL.

DR. TOM PURCELL APPOINTED TO ACCOUNTING BOARD

42 | Heider College of Business | Annual Report 2014 | Faculty Spotlight

DR. PURCELL APPOINTED TO ACCOUNTING BOARD


Heider in the Community44 | Heider College of Business | Annual Report 2014 | Heider in the Community

FINANCIAL HOPE COLLABORATIVE RECEIVES AWARDMartin Luther King, Jr. had a dream of equality. So did Julie Kalkowski and Tina

Gray. Their vision was of financial equality. Kalkowski, Director of Financial Hope

Collaborative, and Gray, Director of Financial Success Program, were recipients

of the President’s Martin Luther King, Jr. Legacy Award this past January.

The Financial Success Program, a component of Creighton

University’s Financial Hope Collaborative, focuses on three

core components: providing training regarding financial

management to low-income single mothers, providing

ongoing financial coaching and assisting individual program

participants to develop a personal and easy to use money

management system.

The program recognizes that effective financial education can be life changing

for low-income mothers. The nine-week curriculum was created to address

immediate financial issues for the target population and includes topics such as

tracking expenses, saving for emergencies and repairing credit reports. Results from

the participants’ pre- and post-tests show significant increases in the clients’ financial

well-being, sense of control and hopefulness. Attitude change toward their finances

directly correlates to a very high program graduation rate. Known as “queens”

in this program, over 130 single, low-income mothers have completed the year-long

program and put their financial houses in order.

The Financial Hope Collaborative originally began when United Way of the Midlands

created the Financial Stability Partnership in 2006. The Partnership’s Financial

Success Program was transferred to Creighton University in 2010 and is now located

in the Heider College of Business. Financial Hope Collaborative and its Financial

Success Program have been instrumental in launching several metro area low-

income families toward financial stability.

Heider in the Community | Annual Report 2014 | Heider College of Business | 45

Innovation for High School Entrepreneurs

46 | Heider College of Business | Annual Report 2014 | Heider in the Community

Omaha area high school students went

to college for a weekend when the Heider

College of Business hosted the first

annual “Jumpstart” November 16 and 17.

Jumpstart was a fast-paced entrepreneurial weekend

geared to high schools students and held in conjunction

with its college counterpart, “Three Day Startup.”

Students divided into teams to brainstorm business ideas

and then worked to turn these seedlings into fully-grown

business plans.

“Our goal is to expose high school students to life

as a Heider College of Business student,” states Katrina

Rieff, special assistance to the dean, “and the best way

for a high school student to learn about the Heider

College of Business is to experience it firsthand.”

The prospective businesses focused on college life.

One plan pertained to purchasing textbooks and the

other, renting appliances for dorm rooms. Saturday

was high-octane planning; Sunday was pitch time.

Post-Jumpstart, teams submitted an executive summary

detailing how their newly formed plan will be launched.


Tim Bastian, clinical instructor of economics with

the Heider College of Business, is a big proponent

of concentrating people’s talents on what they do

best. His students, he says, are more in tune with

charities than he is. So having them determine what

charity faculty funds will be given is “a great use of

resources.”

For the past four years, Bastian and

fellow Heider College of Business

faculty and university staff have

handed a group of students signed,

blank checks for a charity of their

choosing. The catch: the students have

to reach a consensus on what charity

is the recipient. That may not sound

like a particularly onerous task,

but it can be. Bastian selects a group

of students with divergent political

views and from various colleges within

the university.

“This has been a great experience for students

to work with people with VERY different views.

Some of them probably won’t even agree on what

day of the week it is,” says Bastian. He seeks a

balance between Heider and Arts and Sciences

students, most of whom he has had in one of his

economics classes. He believes the exercise fosters

a give and take lacking in today’s polarized political

culture, a skill that will come into play once they

enter the workplace. “Someday you will have to work

with people you absolutely disagree with, but you

can come to a compromise. It’s okay that there

are times when nobody ‘wins,’” he asserts.

Ellen Puglisi and Alex Dean represented

the College of Arts and Science in this year’s team,

while Alexis Taylor, Ed Osmolak, Katie Lindequist

and Chris Kinkor came from the Heider College

of Business.

Four of the six students have to agree on a legitimate

charity. All the money donated by faculty must

go to a single organization by year’s end. The charity

must not violate core Catholic teachings and must

be some form of economic development, either

on a personal or community level. Only after the

checks are mailed do the faculty learn to what

organization their money has been donated.

This year, faculty requested that students select an

area charity because it fits with the Creighton/Jesuit

mission of affecting change in the local community.

Students donated $3200 to Completely Kids,

an organization dedicated to developing children

and strengthening families through after

school programs.

HEIDER FACULTY AND STUDENTS COME TOGETHER TO GIVE BACK

48 | Heider College of Business | Annual Report 2014 | Heider in the Community

Tim Bastian CLINICAL INSTRUCTOR OF ECONOMICS



Madelyn McGlynn’s NETwork Against Malaria Nominated for National AwardSTUDENT NON-PROFIT NOMINATED FOR THE CLASSY AWARD

Talk about living the Jesuit mission of serving

God by serving others. Heider freshman,

Madelyn McGlynn, and her four CU alumni

sisters, Kathleen, Margaret, Mary Claire and

Maura, formed a foundation called NETwork

Against Malaria that tackles the disease

head on by providing mosquito nets for

families. Since its inception in 2007, NETwork

Against Malaria has distributed 23,500 nets,

enlisted the help of over 40,000 volunteers

in 38 chapters across the country and raised

$140,000 to fight malaria’s deadly effects.

How did the five women from Belleville,

IL learn of the plight of families continents

away? Fr. Mujule, a Ugandan priest who

came to serve the people of their diocese.

An educator, Fr. Mujule had established

schools for girls in rural Uganda, “a cultural

feat,” according to McGlynn. “As a family

of five girls, this struck us as particularly

inspirational. We assumed that this extreme

societal opposition was the largest problem

for education, but Father told us that malaria

impeded education the most.”

The stories he shared with his American

parishioners spurred the McGlynns to action.

NETwork Against Malaria is different from

most organizations that fight the disease

because it focuses on education.

The mosquito nets that it provides are

distributed at Father Mujule’s two all-girls

and one co-educational schools. The children

then educate family members on how

to prevent malaria. A $10 net can save the life

of an entire family. Studies have shown a 90%

reduction in disease transmission with nets.

It’s a case of students helping students.

Most of NETwork Against Malaria’s

volunteers come from high school and

university chapters. The student volunteers

take donated and broken jewelry, “maybe

somebody’s grandmother’s broken necklace,”

says McGlynn, and combine its parts with

paper beads handmade by women in Uganda.

Bracelets sell for $5.00; necklaces, $10.00.

In May, McGlynn and her sisters traveled

to San Diego, CA for the annual CLASSY

Awards weekend and ceremony. The CLASSY

Awards recognizes social innovators who seek

solutions to social problems. It is the largest

social impact awards ceremony in the

United States.


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