****************************************************************************** RECOMMENDED ACTION
Approve. Forward to COPS/BOR.
AGENDA ITEM: 5.P DATE: May 12, 2015 ****************************************************************************** SUBJECT: SDSU – Division of Management and Economics
South Dakota State University has submitted a request seeking authorization to formally recognize their Division of Management and Economics as an interdepartmental/intercollege unit effective July 1, 2015. The proposal outlining this request is attached.
Division of Management and Economics
South Dakota State University
April 28, 2015
Request
The Board of Deans and Faculty of Management and Economics request that the Division of Management and Economics be formally recognized as an interdepartmental/intercollege unit effective July 1, 2015.
The mission of the Division of Management and Economics (DME) is to facilitate enriched academic and applied experiences for students, strengthen professional development opportunities for faculty and foster economic growth and development in South Dakota and the region. This mission draws upon discipline strengths, interdisciplinary collaboration, and the blend of theory, analytics, and practical application.
The Division will serve as a cross-college, interdisciplinary entity comprised of faculty in the academic programs in Agricultural Business, Agriculture and Resource Economics, Construction Management, Economics and Economics- Business Specialization, Data Science, Hospitality Management, Operations Management and Psychology. The faculty, departments and colleges will remain in their current department and college homes. The Division provides a forum and structure to foster communication, innovation and efficiencies across programs, departments and colleges which share a commitment to management, economics and data analytics.
Benefits of the proposed Division of Management and Economics include:
Raises visibility of the interdisciplinary, collaborative work across academic units
Enhances academic quality
Fosters on-going professional development
Builds on previous collaborative work with external stakeholders, SDSU faculty, staff and students
Uses core concepts of management, economics and decision analytics to bridge academic programs, departments and colleges
Provides an infrastructure to realize the stated mission
Honors financial commitments from donors
History
In January 2013, President Chicoine and Provost Nichols established a task force for the purpose of reviewing the programs in economics, management and decision science in regard to curriculum, accreditation, recruitment and retention of students and faculty, and strategies
to increase effectiveness and efficiencies. The task force submitted a final report in December 2013 which resulted in the establishment of an interim structure for the time period of January 2014- June 2015 of the Division of Economics and Management. During this time period, activities have included: delivery of the management core and minor (89 students declared management minor; 15 students have graduated with the minor); establishment of division governance groups; providing support for work toward accreditation; development of a conceptual definition of and rubric to measure analytical rigor; on-going support for new program development in Data Science, Industrial/Organizational Psychology and revision of Informatics minor; and delivery of faculty professional development opportunities, among others.
Governance Structure (current number of members)
The Board of Deans (4) provides oversight and support. Deans from all partner colleges serve on the Board of Deans with a designated lead dean.
The Operations Committee (7) is composed of the Division director, department heads from all partner departments, the chair and vice-chair of the Faculty Advisory Committee. The Lead Dean also attends meetings.
The Faculty Advisory Council (8) is composed of one faculty member elected by each program. The chair and vice-chair is determined by the elected members of the Faculty Advisory Council. The director serves as the staff liaison.
The Division Director (50%) will provide overall leadership and management of the Division. The Faculty of Management and Economics will hold membership in the division through an application process; must maintain good standing.
A Division of Management and Economics Board of Advisors will be finalized by May 1. This external advisory Board will give strategic direction and support, guide quality improvement, provide evaluative input, and offer innovative advice and dynamic perspectives to enhance the effectiveness of the Division. The Board will have up to 14 members with representatives from agricultural business, construction management, financial services, hospitality management, investment services and entrepreneurship and operations management/manufacturing.
Impact 2018:
Impact 2018 Strategic Goal #1: Promote academic excellence through quality programs, engaged learners and an innovative teaching and learning environment.
Excellence is achieved through national accreditation for all programs in the Division of Management and Economics. Accredited programs foster analytical rigor, engaged and experiential learning needed to achieve the required knowledge, skills and experiences to be successful graduates and new professionals.
Linkages with community partners increase opportunities for students to participate in experiential learning in state-of-the-art teaching and learning environments. For
example, the First Dakota National Bank E-Trading Education Laboratory, to be located in Berg Agricultural Hall Room 139 is scheduled to be functional by summer/fall 2015. The lab is designed to provide students with hands-on experiences in managing risk, and developing the know-how, skills, proficiencies and practices to compete in the
professional marketplace.
Impact 2018 Strategic Goal #2: Generate new knowledge, encourage innovations and promote artistic and creative works that contribute to the public good and result in social, cultural or economic development for South Dakota, the region, the nation and the world.
Faculty productivity in research and scholarship to generate new knowledge and
strengthen communities and foster economic development contributes to the state and region’s well-being and also supports student learning. Strong and rigorous academic programs prepare graduates to compete in the marketplace and contribute to their communities and the public good.
Impact 2018 Strategic Goal #3: Extend the reach and depth of the University by developing strategic programs and collaborations.
Strategic partnerships are achieved by bringing together 4 colleges, 5 departments, up to 40 faculty, and over 1,000 students for collaborative research/scholarship, teaching and learning and outreach/service on campus and beyond.
Impact 2018 Strategic Goal #4: Secure human and fiscal resources to ensure high performance through enhanced financial, management and governance systems.
The Division was created to with the intent of capturing synergies while more effectively using resources to achieve academic excellence.
Agriculture &
Biological Sciences Arts & Sciences Education & Human Sciences Engineering
Faculty of the Division
Effective Operations
Management, Economics, Accounting, Analytics
Finance Data Science Organization & ChangeInformatics ResourcesHuman
Agbusiness Management; Agricultural Economics; Economics; Business Economics;
Entrepreneurial Studies
Data Science Analytics I-O Psychology Hospitality Management Nonprofit Management Construction Management Operations Management Academic Programs Unifying Issues Rigorous Core
Supply Chains
Startup Businesses
Agribusiness & Food Systems Management
Hospitality & Nonprofit Management Entrepreneurship
Innovation & Technology Management Organization & Change
Management
Process & Quality Management Project Management Faculty Groups Statistics, Econometrics, Informatics, Analytics
Informatics and Analytics
Economics Agricultural Economics
ATTACHMENT
I
Division of Management and Economics Board of Advisors
May, 2015
Van Fishback President (retired)
Fishback Financial Corporation 520 6th Street
Brookings, SD 57006 Phone: 605.696.2230
Email: [email protected]
Bill Folkerts
Co-owner and Vice President Venerts Investments, Inc. 15 8th Avenue SE
Watertown, SD 57210 Phone: 605.886.3698 Email: [email protected]
Rod Fouberg
Chair and Chief Executive Officer (retired) Dacotah Bank 212 Midwest Building 308 S. Main Street Aberdeen, SD 57401 Phone: 605.622.3115 Email: [email protected] Carla Gatzke Vice President Daktronics 331 32nd Ave Box 5128 Brookings, SD 57006 Phone: 605.697.4000 Email: [email protected] Merl Hackbart, Ph.D. Professor of Finance
Gatton College of Business & Economics University of Kentucky
Lexington, KY 40506 Phone: 854.257.1627 Email: [email protected]
Chuck Hendrickson
President and Chief Executive Officer CAPITAL Services
500 East 60th Street North Sioux Falls, SD 57104 Phone: 605.782.3300
Email: [email protected]
Mark Leddy
Chief Executive Officer Valley Queen Cheese 200 E Railway Avenue Drawer 35 Milbank, SD 57252 Phone: 605.432.9601 Email: [email protected] Sarah Madison
Vice President & Manager Trust Investment Division
First National Bank in Sioux Falls 100 South Phillips Avenue
PO Box 5186
Sioux Falls, SD 57117 Phone: 605.335.5133
Email: [email protected] Larry Ness
Chairman of the Board First Dakota National Bank 225 Cedar Street
Yankton, SD 57078 Phone: 605.665.7432
Email: [email protected]
Principal Capitaline
Historic Train Depot 111 Main Avenue Brookings, SD 57006 Phone: 605.696.3100 Email: [email protected] Jay Rasmussen Vice President Business Development/Marketing Sioux Falls Construction
800 S 7th Ave Sioux Falls, SD 57104 Phone: Office: 605.336.1640 Cell: 605.201.6682 Email: [email protected] Craig Rickert Principal
C.A. Rickert and Associates, Inc. 3130 West 57th Street, Suite 109 Sioux Falls, SD 57108 Phone: 605.274.2420 Email: [email protected] Steve Stahly Principal Stahly Investments 7047 Vista Drive
West Des Moines, Iowa 50266 Phone: 515.250.0138
Email: [email protected]
Kim Tyler
Vice President, Sales (retired) Kellogg Company
7500 S Chatworth Circle Sioux Falls, SD 57108-6437 Phone: 605.274.7678
