Category: Faculty & Research

VCU School of Business to receive $2.5 million from CoStar Group for endowed chair

VCU School of Business Dean Ed Grier (left forefront) and CoStar Group CEO Andrew C. Florance shake hands after signing the agreement for the CoStar Group Endowed Chair in Real Estate Analytics as Laura Kottkamp, executive director of VCU School of Business Foundation and Corporate Relations, and Jay Davenport, vice president for development and alumni relations at VCU, look on.

October 12, 2017

Virginia Commonwealth University today announced a $2.5 million gift from real estate data firm CoStar Group to establish the CoStar Group Endowed Chair in Real Estate Analytics in the VCU School of Business.

“In establishing the CoStar Group Endowed Chair in Real Estate Analytics, we aim to bring the intersection of big data and real estate together to bring more transparency, velocity and efficiency to the global commercial real estate market,” said Andrew C. Florance, founder and CEO of CoStar. “Dr. David Downs, Alfred L. Blake Endowed Chair of Real Estate and director of the Kornblau Institute, and his team have done a tremendous job in taking a leadership role in developing the next generation of real estate professionals, and we want to provide VCU with the resources necessary to support and grow that effort.”

Florance founded CoStar in 1987, fundamentally changing the way commercial real estate professionals access, use and share information. Through CoStar, Florance pioneered the concept of commercial real estate firms outsourcing research functions to a third-party information provider. CoStar is among Forbes magazine’s 2017 list of 100 most innovative growth companies in the world, placing it among the top 10 companies within the software and services category.

“We are thrilled and excited to receive such a generous gift from CoStar,” said Ed Grier, dean of the School of Business. “The VCU School of Business and CoStar are natural partners with our common focus on creativity, analytics and innovation. We couldn’t have a better partner for our university and community.”

Read the full story from VCU News

In Memoriam: Richard T. Redmond, D.B.A.

Richard T. Redmond, Ph.D.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.

Professor Don Just named to Virginia Communications Hall of Fame

don just va communications hall of fameDon 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.

“As the proud host of this important annual communication event in Virginia, the Robertson School is very happy and excited to see these seven outstanding media professionals in the commonwealth inducted into the Hall of Fame,” said Hong Cheng, Ph.D., director of the Richard T. Robertson School of Media and Culture in the College of Humanities and Sciences. “They are all inspirational role models in our field.”

See the full list

MBA Grad Patents Photo Tool

Kothari with PatentCongrats 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.

VCU Professor Allen S. Lee, Ph.D. Receives LEO Award for Lifetime Achievement

Allen S. Lee, Ph.D. LEO Award Recipient
Allen S. Lee, Ph.D.
LEO Award Recipient

Congratulations to Allen S. Lee, Ph.D. on receiving the prestigious LEO Award for Lifetime Achievement presented by the Association for Information Systems at the 35th International Conference on Information Systems.

Lee has been a full professor at Virginia Commonwealth University School of Business since 1998 and, in 2012, was named a Dean’s Scholar Professor. He has served as associate dean at both VCU and McGill University, as editor-in-chief of MIS Quarterly, and as a founding senior editor of MIS Quarterly Executive. His research program over three decades has involved identifying lessons from the philosophy and history of science and applying them, in the information systems discipline, to show not only how qualitative research can be done rigorously, but also how quantitative research equally needs to live up to the requirements of science. Recently he has taught doctoral seminars on systems theory, social theory, and qualitative research methods, as well as undergraduate database courses.

About the LEO Award

Dr. Lee's LEO Award
Dr. Lee’s LEO Award

The purpose of the LEO Award for Lifetime Exceptional Achievement in information systems, named after one of the world’s first commercial applications of computing (The Lyons Electronic Office), is to recognize truly outstanding individuals in the information systems community, both academics and practitioners, who have made exceptional contributions to research in and/or the practice of information systems.

Established in 1999 by the AIS Council and the ICIS Executive Committee, the LEO Award is a singular honor to recognize seminal work by the award recipient.

As the title of the award implies, the contributions of award recipients will have been sustained throughout their careers. They will be truly outstanding scholars or practitioners who have made exceptional global contributions in the field of information systems. In addition, they will be regarded as a preeminent representative of their national or regional information systems community.

LEO Award recipients are expected to be a role model and an inspiration to colleagues and students within the information systems field. In addition, they should be capable of garnering the respect of individuals from outside the field, because their contributions will have had an impact in fields other than information systems. LEO Award recipients are highly esteemed for their exemplary professional and personal integrity.

Lee is the first Asian American to receive the award. Also recognized this year were Kwok Kee Wei, Ph.D., City University of Hong Kong and Dov Te’eni, Ph.D., Tel Aviv University.

Lee’s acceptance remarks:

“I certainly appreciate the honor of being named a LEO Award recipient. It’s not only an honor, but a call to responsibility for all the work that I still have to finish.

“In the past, I have taken lessons from the philosophy of science, the philosophy of social science, the philosophy of statistics, and the philosophy of technology – where I’ve applied these lessons to information systems.

“And the intention has been to liberate how we do research in the ways that we do.

“But guess what? I’ve touched on maybe only 10% of the lessons that tell us what we’ve been doing is wrong and what we can do instead to get it right. You can be sure I’ll bring the rest of the lessons to information systems, in the time I have left in the rest of my life.

“I thank my mother and my father for passing on to me the traditional values of a China that I fear is rapidly disappearing. I am thankful that I was born and raised in the United States so that I could learn and practice the values of equality and social justice. And finally I thank certain angels in academe who gave me big breaks:

  • Drs. Len Buckle, Suzann Thomas Buckle, and Phyllis Wallace, all of MIT;
  • Dr. Gary Dickson, of the AACSB Faculty Development Institute;
  • Dr. Ray Aldag, of the Academy of Management; and
  • Dr. M. Lynne Markus, who has been a great friend to me since I met her 29 years ago.

“I thank you all.”

Congratulations, Dr. Lee, on this well-deserved honor!

Herrington’s research cited in Fed President’s speech

Research by Christopher M. Herrington, assistant professor of Economics, was cited in a recent speech entitled “Early Childhood Education in the Context of Lifetime Human Capital Investment,” by Jeffery M. Lacker, president of the Federal Reserve Bank of Richmond.

In addressing challenges facing early childhood education, Lacker said, “The challenge of fade-out may be related to the link between parental circumstances and K-12 school quality in the United States. The K-12 system here is heavily dependent on local economic conditions for funding: Property taxes, on average, raise about 36 percent of all revenue needed to run public K-12 schooling.15 Not surprisingly, school districts with higher median incomes raise more revenue locally and, despite attempts by state and federal funding to offset this, tend to spend more on instruction per student. By contrast, in most other developed nations, this link is less strong and local property taxes less important. The Norwegian model of financing, for example, almost completely decouples parental circumstances from the revenue collected within a school district.16

Herrington’s article comparing the U.S. and Norway, “Public Education Financing, Earnings Inequality, and Intergenerational Mobility,” was published in the Review of Economic Dynamics, October 2015, vol. 18, no. 4.

Annual VCU International Business Forum examines North America’s competitive agenda

The past 25 years have been an era of globalization, with countries becoming more connected as geographic, economic and social barriers of a bygone era are removed. With these power shifts taking place, the 21st annual Virginia Commonwealth University School of Business International Business Forum asks, What about North America? What should be on its competitive agenda?

“North America’s Competitive Agenda: Why and How the U.S., Canada and Mexico Should Enhance Their Alliance to Meet the Asian and European Challenges of the 21st Century,” sponsored by Universal Corp. and hosted by the VCU School of Business’ Center for International Business Advancement, takes place Tuesday, Oct. 13, from 3:30 to 5:30 p.m. in the University Student Commons Ballrooms, 901 Floyd Ave. A reception will follow in the School of Business Atrium, 301 W. Main St.

Van Wood, Ph.D., professor of marketing and Philip Morris Chair of International Business in the VCU School of Business, will moderate the panel, which will feature representatives from each country in North America.

“While these three countries have made significant progress in their quest to be a free trade area, there is significant opportunity to do more to strengthen the North American alliance, and to present a more coherent, meaningful and influential force in the shifting global landscape,” Wood said. “Our panel members bring a great wealth of experience and, I believe, insight into the many issues that will shape our economic, political and cultural landscape throughout the remainder of the 21st century.”

The panelists are Gilles Gauthier, minister for economic affairs at the Canadian Embassy in Washington, D.C.; Ambassador Arturo Sarukhan, an international strategic consultant and former Mexican ambassador to the U.S.; and Brandon Price, Ph.D., president and co-founder of Biogenen and the Ben J. Rogers Chair — Entrepreneur in Residence, at Lamar University in Texas.

The VCU School of Business established the International Business Forum in 1994 to raise awareness among students, faculty and the business community of the global nature of commerce and how it links to events both at home and abroad.


About VCU and VCU Health

Virginia Commonwealth University is a major, urban public research university with national and international rankings in sponsored research. Located in downtown Richmond, VCU enrolls more than 31,000 students in 226 degree and certificate programs in the arts, sciences and humanities. Sixty-seven of the programs are unique in Virginia, many of them crossing the disciplines of VCU’s 13 schools and one college. The only academic medical center and Level I trauma center in the region, VCU Health is comprised of five health sciences schools (Allied Health Professions, Dentistry, Medicine, Nursing, Pharmacy), VCU Medical Center, Community Memorial Hospital, Children’s Hospital of Richmond at VCU, VCU Massey Cancer Center and Virginia Premier. For more, please visitwww.vcu.edu and vcuhealth.org.

Professor Lee’s HONY post sparks discussion

VCU School of Business Information Systems Professor Allen Lee‘s recent comment on a Humans of New York Facebook post garnered 24,000 likes and sparked a discussion nearly 400 replies long. In response to a young Asian woman trying to be more assertive at work, Lee wrote:

Humans of New York post from September 18“As a teacher who is Asian American and who has Asian students and Asian American students, I tell them this: Someday, here in America, you will find that you are just as assertive as any white American, just as I did. However, it took me years to get to this point. All those intervening years, I could have been saying things, but I let my politeness get the best of me. Finally, I just learned to say: “Excuse me, I’ve been trying to say something for the last 20 minutes, but people keep on interrupting me, sometimes by simply talking louder than me after I’ve already started talking. I would like to say something. May I speak?” And it always works. I tell my students that they can wait 20 years to give this a try, like I did, or they can do it right now. It’s a shame that we Asians and Asian Americans are treated as if we are invisible (and inaudible!), but we cannot change other people. However, we can change how we respond to them. I am a full professor, I just had to do this in a meeting two weeks ago!”

Here’s more from Professor Lee reflecting on the discussion and his experience:

Q: Why do you think your post resonated with so many people?

A: The problem of not being allowed to speak or, to be blunt, the problem of being silenced, is common to so many people — not just Asians and Asian Americans, but also other people of color in Western societies and to women across the board. In identifying with my story and seeing a solution, members of all of these affected groups responded with “likes” as well as their own rich commentary. And because I could see photos of who “liked” my post, I saw that many white women and white men liked my post too. It is a great feeling when people understand.

Then, there are the people that my post did not resonate with, but irritated. Many appeared offended that I explained the problem in terms of race and they said so in their comments. At one point, I responded: “It is more likely for people of privilege to feel this way – people who are so privileged that they don’t have to think about race as a factor because, for them, it isn’t. This is exactly why white privilege is called a privilege. (However, they enjoy this privilege not because they are white, but because they are the majority.)”

When I posted my original comment, I was only thinking about saying something to the Asian woman featured in this episode of Humans of New York. I never gave any thought to the possibility that my words would be interesting to anyone else, much less read by 24,000 people. A good question is: If I had realized that, would I have talked about race as candidly? Yes, and I would have emphasized it more so as to encourage people to take responsibility and not just exercise privilege.

Q: What do you hope people will take away from the discussion?

A: Taking exception to my singling out white values and expectations, one commenter responded: “White values and expectations? What about American values and expectations? Pardon me, professor, but your statement just struck ME as being quite ethnocentric and racist.” I hope people will take away my answer to him: “Not all white values and white expectations are American values and American expectations. The United Stares is a diverse society. We become American by respecting each other’s different values and expectations, not by imposing our own on others.” Over 50 people have “liked” this reply, including white people.

Q: How did it feel to have this whole conversation online? Do you view social media any differently now?

A: It is exhilarating that I have been able to share my lesson with so many people, so quickly, and so costlessly. I said this in one of my replies: “As a teacher, I want students to learn from my mistakes so that they don’t have to repeat them, and so that they don’t have to waste so many years of their own precious lives to relearn the lessons I’ve learned. Just take the lesson — and apply it NOW. That’s how every generation of people can become better than the previous generation.”

Q: What will you take away from this experience?

A: It makes me reflect on the fact that VCU has provided a conducive environment for me to hone my philosophy of diversity and equality. What I am taking away from this experience is the encouragement that, because my voice is being heard, I can and will continue to speak out, at and beyond VCU.

And with over 24,000 Facebook “likes” vastly outnumbering my Google Scholar citation count of just over 8,000, I will take away the lesson that I should not limit my outreach efforts to just my research.

Research team with Frank Bosco mentioned in NY Times article

Screen Shot 2015-08-28 at 12.00.30 PMFrank Bosco, Ph.D., assistant professor of management  was on the research team for the major study published in the journal Science investigating if “suspect science was a widespread problem.”  The study was recently featured in The New York Times article, “Many Psychology Findings Not as Strong as Claimed, Study Says”. Read the full article, here.

 

 

2014-2015 Dean’s Excellence in Teaching Awards

At the Faculty and Staff meeting on Tuesday, August 18th, Professor Laura Razzolini announced the winners of the 2014-2015 Dean’s Teaching Excellence Awards.

The 2014-2015 Committee was composed by Peter Aiken, Brian Brown, Pam Burch, Donna Byrd, and Laura Razzolini.

During the month of January 2015 the committee  ran a poll of the alumni and student body. They received 115 nominations: 67 from alumni and 48 from students. A total of 53 faculty were nominated as excellent teachers.

After carefully reading the alumni and student nominations, analyzing syllabus, data on teaching and teaching evaluations, and reading each faculty member’s writing summary in the FES (teaching section), the Committee identified the following three individuals for the excellence in teaching award:

Alumni most preferred teacher: Rasoul Tondkar, Ph.D., Controllers Executive RoundTable Professor of Accounting

Students and alumni refer to professor Tondkar as “motivating,” “inspirational” and “a truly gifted professor,” “… sort of an icon in the EMBA program.” He always encourages students to persevere. He goes above and beyond what is expected from a university professor to make sure his students will succeed at VCU and in their future life. He demands excellence in the classroom and forces his students to work hard. As a consequence, students are well prepared for “what it takes to be successful in the accounting field.” Several of his PhD students have been awarded outstanding dissertation prizes by the American Accounting Association for work done while at VCU under Dr. Tondkar’ s supervision. Well after graduating, students keep seeking Professor Tondkar’s advice at every step of their career, and he is always supportive and encouraging. Using the words of a 1990 alumnus, “Professor Tondkar transmitted to his students a discipline, a love for learning and a deep respect for the academic profession.”

Best undergraduate & graduate teacher: Robert Andrews, Ph.D., Associate Professor Emeritus of Supply Chain Management and Analytics

“Dr. Andrew is awesome!” “Unfortunately for us, Dr Andrews is planning to soon retire….and the resounding sentiment is that he will be sorely missed.” Dr. Andrews is commended for his teaching qualities: he makes the material understandable; he relates abstract concepts to real life situations; he communicates in a fun, fair and clear style; he shares with the students his personal class notes of exemplary quality; he makes the students understand the data. Dr. Andrews helps his students with academic issues as well as with personal life situations, his door is always open and he listens patiently.  In conclusion, many undergraduate and graduate students agree that “He has been by far the best teacher we have ever had at VCU!”

Most inspiring teacher: Jon Hill, Term Faculty in Accounting

In the words of an alumnus, Professor Hill “is an amazing professor with an outstanding level of commitment to his students, to Beta Alpha Psi and to VCU Business Alumni.” Professor Hill is commended for the large number of classes he teaches and both alumni and students all agree that he “is an inspiration, a mentor and a great professor;” he “shows passion in everything he does and wants his students to really learn.” Professor Hill is famous for his smile and sunny disposition and his level of enthusiasm has led students to a broader and deeper involvement with the School of Business and its mission.

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