The Virginia Commonwealth University School of Business mourns the loss of a beloved professor and leader, Richard T. Redmond, D.B.A., who served the school for more than thirty years.
After earning his bachelor’s degree from Shippensburg University and his doctor of business administration in decision science from Kent State University, Redmond joined the school in 1983 as a faculty member in the Informations Systems department. From the beginning, his gentle manner, humor and ability to inspire the best in others earned him the gratitude and respect of students and colleagues alike.
He served as chair of the Department of Information Systems from 2001-2012. He proved to be an able leader with a kind heart and earned a reputation as “the best guy you’ll ever work for.” Under Redmond’s leadership, the VCU School of Business became the first business school in the country to achieve accreditation by the Computing Accreditation Commission of ABET for the undergraduate program in information systems.
Redmond could not have been prouder when in 2005, a student team garnered national attention by winning the Microsoft Imagine Cup, and he made sure that the company executives in Redmond, Wa., took note and started recruiting at VCU. That same year, Redmond led the department to launch the very successful Executive MS in Information Systems program, which is known for its effectiveness in preparing students to take on top leadership roles.
Redmond was a valued mentor to the doctoral students following in his footsteps. Chandrashekar “Shekar” Dutt Challa, Ph.D. recalled, “He was not just a friend but also my big brother, philosopher and guide. I spent two years of weekends with him at his house working on my dissertation. It is a devastating loss to his family, his friends at the school and to the universe.”
Prior to his recent retirement, Redmond served as interim senior associate dean of the School of Business. Working closely with Dean Ed Grier, Redmond effectively engaged faculty, staff, administration, alumni, students and community in developing an exciting new vision and strategic plan, EPIC, which will guide and inspire the school’s progress for years to come.
Upon learning of his late stage cancer diagnosis, the VCU Business community responded with an outpouring of support. Longtime colleague Jean Gasen, Ph.D., set up a CaringBridge website for people to share their words of appreciation and remembrances. Daniel P. Salandro, Ph.D, chair of Finance, Insurance and Real Estate, and Lemuria Carter, Ph.D, current chair of Information Systems established a scholarship fund in his honor, and contributions started coming in quickly.
On CaringBridge, Gasen spoke for many when she wrote, “I owe him so much and am forever grateful for the impact he has had on my life, and on the lives of so many others. He spent most of his life helping others and was cut way short of the time he so deserved to spend on himself.”
Like many, Carol Scotese, Ph.D, chair of Economics, recognized the example Redmond set, “Your selfless contributions and caring leadership style gave me an aspirational goal – for this, I will be forever grateful.”
“We will miss the presence of a truly kind and giving person,” said Dean Ed Grier in an April 15 email notifying faculty and staff of the passing of “our great friend and spectacular colleague” earlier that morning.
Redmond was preceded in death by his mother, Roseann; his first wife Jean; his brother John P. Redmond and a sister, Rosemarie Redmond. He is survived by his wife, Connie; six children, Marc Redmond (Joseph Whitfield), Brian Redmond (Ashley), Laura Ramirez (John), Gregory Redmond (Amber), Steven Fish (Madison Sternberg) and Jamie Nash (Gage); seven grandchildren, Tristan, Oliver, Grant, Hattie, Grady, Lacey and Hazel; father, Dr. John P. “Jack” Redmond; three sisters, Regina McCarren, Cecile Logsdail (David) and Marybeth Redmond (Greg Beckmann); and many nieces and nephews.
A Celebration of Life will be held at Bliley’s – Central, 3801 Augusta Avenue, on Tuesday, 6:00 pm, April 19, 2016.
Memorial donations may be made to the Rich Redmond Fund (select “other” and designate Rich Redmond Fund.) Make checks payable to the VCU School of Business Foundation, 301 W. Main Street, Richmond, Va. 23284-4000. VCU employees may also give by payroll deduction. If you have questions regarding the fund, please contact Joey Broussard, director of development, at 804-827-7408.
Stephen Custer, Ph.D., program founder and faculty advisor, says, “This is a tribute to the faculty, staff and Advisory Board that worked to make a concept a reality and continue to maintain and improve the program. It’s also recognition of the outstanding students who are the heart of the program.”
The Decision Analytics program started two years ago and has drawn students from a wide variety of academic backgrounds with an interest in the growing field of analytics. Almost 75% of the program’s first cohort, the Class of 2016, have already reported positive career changes, such as promotions and raises, since starting the program. They will graduate in May.
RichTech, Richmond’s Technology Council, is a member-driven association of businesses and organizations working together to ensure the continued growth of central Virginia’s dynamic technology-based economy. RichTech supports the growth of existing technology industries and identifies Greater Richmond as the location of choice for new and emerging technology companies.
The award winners, chosen from among the finalists, will be announced at the RichTech Gala on May 11. For a complete list of finalists and more information on the gala, visit http://richtech.com/meet-the-gala-finalists/
A group of the brightest minds at the Virginia Commonwealth University School of Business got an early look into one of the biggest economic development projects in Richmond in decades: Stone Brewing Co.’s East Coast production and distribution facility in the Greater Fulton community.
Eyeing future careers in business strategy and finance, the students tossed out questions about the business strategy, use of bonds, and of course the beer-brewing process to leaders at both Stone Brewing Co. and Hourigan Construction, which fast-tracked the 213,000-square-foot facility to suit the brewer’s needs in only 14 months.
The building was completed in February and its store and taproom opened late that month. Stone is expected to begin test brewing at the end of April.
The tour opened with an introduction to the facility from Juliellen Sarver, Stone community relations manager and resident of Greater Fulton, who provided the history of the city landing Stone Brewing Co., a contract that was announced in late 2014. Stone, as she and many others have noted, has been a shot in the arm for a community with a median household income of $17,000. Fulton has no bank, no grocery store, no pharmacy or other key community needs, she notes, but with Stone, that’s likely to change in coming years.
“Stone came here with reason, and that reason was to grow a community,” Hourigan client solutions manager Michael Henley told the assembled group of VCU students. The facility is expected to create more than 200 jobs, Sarver noted, and is already drumming up economic development studies and further interest in growth in the area.
Henley and Sarver fielded questions from students ranging from the strategies behind the construction of the facility (built to suit the needs of Stone, which made tenant improvements and will lease the facility for 25 years with the option to purchase), the $60 million worth of equipment inside it (owned by Stone), to the piping throughout the massive facility. As construction manager, Hourigan also worked closely with Stone’s own engineers to build a facility that could grow over time and fill craft beer demand for decades to come. Stone will ship its brews up and down the east coast, Canada, and as far west as the Rocky Mountains through this Richmond based facility.
Hourigan is a regional construction company based in Richmond, Virginia, that is both active in the community and a strong supporter of Virginia universities.
For the VCU students, the Stone Brewing Co. project represents a unique opportunity to learn about:
the impact of a construction and economic development project on a community;
the business strategy and culture that the West Coast based brewery brings East;
and the technical requirements to create a complex industrial and process engineering facility.
Through Hourigan’s relationship with VCU School of Business professor Bob Kelley, the event was a perfect opportunity to showcase a high-profile project, and a business, Stone Brewing Co., which experienced 78 percent growth in 2013 before deciding to open a new facility.
“Our approach to education is that we must not only build facilities that create incredible learning environments for students, but also get the people of Hourigan out into the world and get hands-on with the leaders of tomorrow,” said Mark Hourigan, president of Hourigan Construction, which actively recruits engineering and construction students from many of the great universities in the state and other regional schools.
“Our students thoroughly enjoyed an early inside peek at the operations and have a deeper respect for the business, engineering, and construction decisions that went into the operation,” says Kelley, the VCU School of Business professor. “The facility is beautiful, and what Stone and Hourigan have created is exciting for Richmond. We loved seeing a construction project come to life.”
Thanks to Hourigan for the tour and for sharing this article!
Conrad Roos, Shayan Dareikia and Ishan Bose formed this year’s team. Faculty adviser Cory Bunting, director of the Capital Markets Center in the School of Business, accompanied the students earlier this semester to New York City, where they delivered their presentation before the panel of judges.
Each team was assigned a company, for which they had to come up with a strategic and financial buyer. Having researched potential buyers and determined the company’s worth, the VCU team’s collaborative final project consisted of a slide deck of market research on its client. It included competing companies, evaluation and analysis of television ratings, along with a strategy to address the growth in online media viewing.
The VCU presentation placed second in the competition and each student received $2,000 in scholarship money.
“Overall it was an invaluable experience,” said Roos, a junior studying chemical engineering in the School of Engineering. “Besides the practice gained through valuing the companies and preparing the slide deck, presenting in front of the firm’s management was a unique experience that really drove home the value of preparation.”
Subscribe for free to the weekly VCU News email newsletter at http://newsletter.news.vcu.edu/ and receive a selection of stories, videos, photos, news clips and event listings in your inbox every Thursday.
Following an exciting afternoon of pitches by five finalist teams, a panel of judges representing the Virginia Commonwealth University School of Business Foundation today awarded $250,000 in the school’s inaugural EPIC Challenge. Awards ranged from $30,000-$70,000 and will be used by the winning teams to implement their ideas to support EPIC, the school’s new strategic plan.
Open to all School of Business faculty and staff, the EPIC Challenge encourages collaboration by requiring applicants to partner with one (or more) individual(s) from outside their own discipline and possibly even outside of the university.
A total of 35 teams comprising 154 individuals submitted proposals in fall 2015. Each finalist team worked with a mentor or mentors from the business community to refine their ideas and develop a pitch. Mentors included Bill Weber, Jack Hannibal, Neil Patel, Cathy Doss, Jane Watkins and Gary Rhodes.
The judges had the option to award funding to one or multiple teams. After an hour of deliberation the judges decided to fund at least a portion of every proposal. “All the EPIC Challenge projects were wonderful, so much so that the judges had to actually put on our boxing gloves to allocate our pot of money,” half-joked judge and foundation board member Juanita Leatherberry (B.S.’73/ACCT.)
“All the participants were so good, so fantastic, I could not be more proud,” said School of Business Dean Ed Grier. “I’m looking forward to next year already.”
A trio of graduate students in VCU’s School of Business is helping a Greek vintner uncork the U.S. market.
Kristina Friar, Matt Guise and Jonathan Stoffer, three students in the school’s executive MBA program, spent the past year developing a go-to-market strategy for Chimera sparkling wine, marketed by Athens-based Oinovation.
Nikos Kavounis, founder of Oinovation – its name a combination of “innovation” and “oinos,” the Greek word for wine – met the students last year at a business incubator when they visited Greece through the school’s “Global Challenges” program. The trips expose students to facets of international business and tasked them with helping entrepreneurs and startups with various challenges.
The challenge for Kavounis was how to market Chimera, a sparkling wine infused with organic saffron, to U.S. importers and distributors. Through the strategy the students developed, Kavounis was connected with three importer-distributors, including Richmond-based Athinian Imports Inc.
Don Just started at the top in the advertising industry when, in 1982, he moved from serving as the president of a large bank to become president and CEO of The Martin Agency, a small local shop. For the next 10 years, Just guided Martin’s rapid growth, making it one of the most recognized agencies in the country. As an advertising executive with a Darden School MBA in finance, Just provided a unique perspective to such clients as Maserati, Bank One, Pet Inc., Borden’s, Wrangler, GM, Marriott, FMC Corporation, ITT, Ethyl, USWest and Cendant Corporation. After negotiating the sale of Martin to a large New York agency, Just left the company and subsequently funded and directed a number of successful entrepreneurial ventures. He currently serves as professor of creative brand management at the internationally acclaimed Brandcenter, part of the VCU School of Business.
Just is one of seven distinguished Virginia media professionals who will be honored at the 2016 Virginia Communications Hall of Fame induction ceremony. The April 7 event is the 29th Hall of Fame ceremony to honor significant achievements in the fields of Virginia media.
The Virginia Communications Hall of Fame recognizes communication professionals with exceptional careers in advertising, journalism, public relations and other media fields. The newest class of inductees will bring the total number of this elite group to 165. Larry Sabato, political scientist and analyst, author, professor and founder of the University of Virginia’s Center for Politics, will serve as master of ceremonies at the induction ceremony this year.
Congratulations to alumnus Fadi Muhsen and current student Umair Awan for their achievements abroad and recognition by Entrepreneur.com. The pair created Doxunity, a web portal dedicated to doctors. The portal currently has close to 130 users from the GCC, North African nations, Iran and Lebanon. During their years at VCU Business, the duo paid close attention to the tech and startup spaces, attended events, and even reached out to CEOs for guidance and tips. Muhsen completed a BS in Applied Economics with a concentration in Business and Finance, while Awan is currently pursuing his BS in Information Technology. Read more
Strengthening the herd: School of Business program connects students and mentors
By Anthony Langley
“I’ve always believed that when we meet new people we learn from their lives, and when we add that to our experiences, we move forward and become better,” says Rita Saleem, a senior studying in the Virginia Commonwealth University School of Business.
In her final year at VCU, she signed up to for the CONNECT mentoring program (formerly Ram to Ram), where she was paired with a mentor in her field of study, human resources. The only thing she regrets about joining CONNECT is that she didn’t do it sooner.
The business school’s mentoring program provides a way for students to cultivate professional relationships with alumni and friends of the university before they enter the workplace. Students and their mentors connect in a variety of ways, including attending professional events, talking by phone and exchanging emails. Mentors provide valuable resume and interview critiques along with information to help students attain their career goals.
The program, started in 2010, operates through a partnership between the VCU Business Alumni Society and the school’s Office of Student and Alumni Engagement. The mentoring program is one of two ways that students and professionals can engage with each other in a one-on-one setting. The second program, EXPLORE, pairs students with volunteers for informational interviews, where students can research, through conversation, different career paths. Both CONNECT and EXPLORE have grown significantly in the past few years, as more students, like Saleem, recognize the value of connecting with alumni. This year, CONNECT had 105 mentors and 111 students participate.
“No matter how old you are, I think it’s good to have a mentor,” says Hamilton Bryan (B.S.’13/B), a customer service administrator for Porvair Filtration Group Ltd. in Ashland, Virginia.
Bryan enrolled in the School of Business as an adult after being in the workforce for many years. Though he was initially worried about the transition from professional to student, he credits the faculty at the school for removing any doubts he had.
“There’s really a concerted effort from everyone there to make sure that you succeed,” he says. “When I found out about [CONNECT], I thought this would be another opportunity to help someone else.”
Bryan, who’s in his second year as a CONNECT mentor, says he emphasizes to students the importance of setting goals and working toward them. Teaching students to think first and understand the action they’re about to take, instead of charging head in, makes all the difference in both life and their professional careers, he says.
The program is about providing support as students prepare to make their transition from school to career, he adds. “It shows students that there are people that are here for you, that you can come to, that have something to offer.”
Local consultant Nancie Wingo also serves as a mentor for CONNECT and says networking and making professional connections before entering the workplace is the key to opening up new doors for students. While not a VCU graduate, Wingo is among a growing number of local business professionals eager to support the business school and its students.
“I’m a huge supporter and fan of VCU, and I credit [VCU] for a lot of the positive things going on in Richmond,” Wingo says. “I jumped at the chance to be a mentor. It’s a great program for everyone involved.”
Though it is her first year with the program, for her, mentoring a student is very similar to her work as a professional coach. In her business, Wingo Coaching, she works collaboratively with her clients to create a plan of action and achieve results.
“I believed I had something to contribute,” she says. CONNECT “gave me the opportunity to work with a student and help them create or improve their own plans to get them where they want to be professionally.”
Wingo was paired with Saleem, who serves as president of SHRM@VCU and was looking for a way to gain real-world experience in human resources instead of just reading about it in textbooks. During her time with Wingo, Saleem honed her interviewing skills, realized the importance of networking and outlined the steps she needs to take to reach her career goals.
“We shared the ways we go about achieving goals,” Saleem says. “Even though we work differently, I think we both found new ways to try and accomplish things.”
Wingo agrees and says she, too, benefited from the mentoring process.
“We’re from different generations, we have different experiences, and I can learn just as much from her as she can from me,” she says.
For both Bryan and Wingo, CONNECT gave them the chance to share their experiences and skills with students preparing to enter the workforce. Both are enthusiastic about coming back for another year and are excited for the program’s future.
“I want [to mentor] more students,” Bryan says with a smile. “There are so many students who want to be a part of this. I’m just glad I can keep making these connections.”
Congrats to VCU School of Business alumnus Ankit Kothari (MBA ’08) on his new photo tool patent that will allow event attendees to upload and share their event photos to one place. This community photo sharing tool will provide event hosts with greater coverage and easier access to photos taken at an event. Read the Richmond Times Dispatch article here.