Virginia Commonwealth University School of Business took first place in the 2017 Richmond ACG Cup competition held on February 21, 2017 at the offices of presenting sponsor, Williams Mullen. VCU team members included Executive MBA students Catherine Brisland, Thomas Cleary, Greg Creel, Sarah Crews and Keith Perkins. Associate Professor Greg Waller served as the team’s advisor. In addition to the first place scholarship award of $2,250, Virginia Commonwealth University earned the right to display the Richmond ACG Cup Trophy for the next year.
The Richmond ACG Cup is a unique case study competition designed to give students from the commonwealth’s leading MBA programs invaluable insight into mergers and acquisitions, investment banking, and private equity.
Four MBA teams competed for $5,000 in scholarship money for their schools. University of Richmond placed second, winning a $1,250 school scholarship; The College of William & Mary’s Mason School of Business placed third, winning $1,000. The finalist team from Virginia Tech earned $500.
“It’s wonderful that the School of Business recognizes the transformative power of art,” Scalin said. “The opportunity for connection, collaboration and dialogue allows the students to have a more in-depth learning experience, which will not only enhance their classroom experiences, but their lives beyond the school’s walls as well.”
As the 2016–2017 artist-in-residence, Scalin has conducted several creative-thinking seminars, delivered guest lectures, spearheaded creative sprint challenges and created a large-scale artwork installation with students. These projects connected VCU School of Business students, faculty and staff with elements of the strategic plan through experiential learning, problem-solving curricula, impactful research and creative culture.
“Having an artist-in-residence is unique for a business school and distinguishes VCU as a leader in combining business and creativity,” said Ed Grier, dean of the VCU School of Business. “Creativity is one of the most sought-after skills for 21st-century leaders. VCU is at the cutting edge in recognizing the value that an artist’s perspective can bring to problem-solving and ideation in the business world.”
The second annual Innovations That Inspire initiative recognizes institutions serving as champions of change in business education. A total of 315 submissions were received from 33 countries, mirroring society’s growing global demands, as well as the critical need for strong, connected and forward-thinking business schools. The initiative, and the impressive work it showcases, underscores the important role that innovation plays in achieving the industrywide vision for business education, which AACSB unveiled in 2016.
“This year’s Innovations That Inspire initiative has highlighted the groundbreaking and commanding influence that AACSB’s member schools can have on the world when they focus their attention on creating impactful ideas for all of society,” said Tom R. Robinson, president and CEO of AACSB International. “We are honored to highlight the VCU School of Business’ innovation as a pioneer in the business education landscape, and use them as an example for how AACSB’s schools are facilitators for innovation and leadership.”
For a detailed overview of the featured innovations, visit www.AACSB.edu/Innovations-That-Inspire. In addition to the named 35, AACSB will continue to share exemplary practices that highlight the remarkable efforts underway to transform business education via its award-winning BizEd magazine, AACSB LINK newsletter, the AACSB Blog and its global advocacy and awareness building initiatives.
Fifty of Africa’s brightest emerging leaders in the areas of public management, business and entrepreneurship are spending June 20-July 31 in Richmond participating in the Mandela Washington Fellowship for Young African Leaders.
For the second consecutive year, Virginia Commonwealth University will host this prestigious flagship program of the Young African Leaders Initiative and President Barack Obama’s signature effort to invest in the next generation of global leaders. The program is co-sponsored by the VCU Global Education Office, L. Douglas Wilder School of Government and Public Affairs and School of Business.
“Part of what we hope you’ll learn from this experience is that it is mostly your initiatives that will make the biggest differences in this world,” VCU President Michael Rao, Ph.D., said to the fellows at a welcome reception Monday. “A world full of people who absolutely, positively need your leadership, need your initiative and need you to be thoughtful about their concerns.”
The School of Business will host 25 fellows in a business and entrepreneurship institute. Fellows will attend sessions in Snead Hall with VCU faculty members and business practitioners to gain knowledge in critical topic areas such as creativity and ideation, entrepreneurship, brand management, analytics, technology, grants and more. In addition, fellows will be out-and-about in the business community with site visits such as Luck Stone, Greater Richmond Chamber of Commerce and Federal Reserve Bank of Richmond.
Each fellow is matched with a peer collaborator from the local business community for networking and information sharing. In addition, International Coaching Federation-certified coach Lynn Ellen Queen of Queen & Associates, recruited 44 professional coaches from around the world to provide 10 one-on-one coaching sessions to each fellow — two sessions in the U.S. and eight once the fellows have returned to their home countries.
The other 25 fellows will participate in the public management and leadership institute through the L. Douglas Wilder School of Government and Public Affairs. This institute will expose participants to world-renowned scholars in the fields of governance, management, administration and leadership across the public and nonprofit sectors.
“We hope that the inspiration that has already begun to formulate in you will flourish completely and will enable you become the strongest leaders imaginable,” Rao said. “If VCU can be a small part of strengthening your ability to truly make a difference in the lives of millions of others, then we feel wonderful about that.”
The combined cohort of fellows will attend the 54th annual Independence Day Celebration and Naturalization Ceremony at Monticello on July 4 and were also welcomed at a special reception hosted by Virginia Gov. Terry McAuliffe and first lady Dorothy McAuliffe at the Governor’s Mansion on July 20.
The fellows at VCU are part of a larger group of 1,000 being hosted across the U.S. this summer. Upon completion of their program, these exceptional young leaders will meet with President Obama during a summit in Washington, D.C. Select fellows will also receive hands-on experience through six-week placements with U.S. companies, organizations and government agencies.
Fellows are young leaders from Sub-Saharan Africa who have a proven record of accomplishment in promoting innovation and positive change in their organizations, institutions or communities.
The Mandela Washington Fellowship for Young African Leaders is a U.S. government program that is supported in its implementation by the International Research & Exchanges Board, an international nonprofit organization that provides leadership and innovative programs to improve the quality of education, strengthen independent media and foster pluralistic civil society development.
For more information about the Mandela Washington Fellowship, visit yali.state.gov and join the conversation with #YALI2016.
Manoj A. Thomas, Ph.D.
Assistant professor and director of technology Department of Information Systems
School of Business
Microsoft recently granted Manoj Thomas two $20,000 Microsoft Azure research awards. The first award is to assess consumer sentiment about medical marijuana in social media. He will collaborate with VCU doctoral student Dapeng Liu. The second award is for a Continuing Medical Education capacity building, on which he will work with Mahabir Pun, winner of the renowned Magsaysay Award, a prize that celebrates transformative leadership in Asia. Both projects will use different Microsoft Azure-based technologies.
Thomas has been involved in information and communication technology projects around the world and his research has been published and presented internationally.
At its May 20, 2016 board meeting, the VCU School of Business Foundation elected two new trustees. Welcome!
William F. Gifford, Jr. (B.S.’92/ACCT)
Chief Financial Officer
Altria Group, Inc.
Billy Gifford serves as Chief Financial Officer, Altria Group. In this role, Gifford is responsible for the Accounting, Tax, Treasury, Audit, Investor Relations, Finance Decision Support and Strategy & Business Development organizations. He also oversees the financial services business of Philip Morris Capital Corporation. He most recently was Senior Vice President, Strategy & Business Development.
Since joining Philip Morris USA in 1994, Gifford has served in numerous leadership roles in Finance, Marketing Information & Consumer Research and as President and Chief Executive Officer of PM USA. Prior to that, he was Vice President and Treasurer for Altria. In this role, Gifford led various groups at Altria Client Services including Risk Management, Treasury Management, Benefits Investments, Corporate Finance and Corporate Financial Planning & Analysis.
Gifford received a bachelors degree in accounting from Virginia Commonwealth University School of Business in 1992. Prior to PM USA, he worked at the public accounting firm of Coopers & Lybrand, now known as PricewaterhouseCoopers.
He serves on the Board of Trustees of the Virginia Foundation for Independent Colleges.
John D. O’Neill, Jr.
Hunton & Williams
John O’Neill’s practice focuses on public-private infrastructure development, public finance, capital finance and complex commercial lending. Substantial experience in structuring transactions for a broad range of public and private infrastructure projects, including airports, roads and highways, convention and conference centers, educational facilities, government administrative facilities and water and wastewater facilities.
O’Neill received his B.A. from the University of Richmond and his J.D. from the Pepperdine University School of Law. He is a member of the American Bar Association, the Virginia Bar Association, the Richmond Bar Association, the National Association of Bond Lawyers, and a member and past president of the Bond Club of Virginia.
Further information on his work as an attorney can be found at hunton.com/john_oneill
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.
On Thursday, April 7, RichTech, Richmond’ Technology Council announced the VCU School of Business Decision Analytics Program as an awards finalist in this Innovation in Education category.
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/
Friday, March 18, 2016
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.”
Congratulations to our very own Michael G. Kiflezghi, a VCU School of Business student pursuing a dual-degree in Information Systems and Bioinformatics. Michael received the Black History in the Making award from the Department of African American Studies at VCU and is currently a semifinalist for a Fulbright scholarship.
Michael shared, “I transferred from Northern Virginia Community College to matriculate into the Information Systems (IS) degree at VCU. After a year in the IS department, I discovered another passion: molecular biology. I decided that I’d pursue both fields in the form of a dual degree in IS and Bioinformatics.
I was subsequently accepted into the Initiative for Maximizing Student Development research training program (IMSD). During my time at VCU, I’ve had the pleasure of attending the Annual Biomedical Research Conference for Minority Students three times and the Gerontological Society of America’s Annual Scientific Meeting once. I also spent a summer at the University of Oregon conducting research as part of an undergraduate research training program.
Through the help and guidance of the Honors College I applied for and became a semifinalist for a Fulbright to spend a year working under Dame Linda Partridge at the Max Planck Institute for the Biology of Aging. It’s my goal to research the biology of aging after undergrad in the form of a Ph.D. Being at VCU has literally changed the course of my life and opened so many doors for me allowing me to gain valuable research experience and business/IT knowledge through Bioinformatics and IS.”
From local innovation to global disruption: Richmond Companies that are redefining their industries.
That was the exciting topic the evening of November 10th, where Virginia Commonwealth University School of Business Dean, Ed Grier, and Impact Makers’ Vice President of Business Strategy, Rodney Willett, welcomed guests to an energetic reception at local business, Impact Makers.
The reception featured guest speakers from four local firms, including: Peyton Jenkins, Co-founder of Alton Lane; Avrum Elmakis, CEO of Best Bully Sticks; Rebecca Hough, CEO and Co-founder of Evatran; and David Cuttino, Co-founder of Reservoir Distillery. The discussion was moderated by VCU School of Business’ Executive Director of Entrepreneurship Programs, Jay Markiewicz. Over 125 Investors Circle members and friends of the VCU School of Business were in attendance to participate in networking and hearing from these innovative corporate speakers.
Dean Ed Grier began the program by speaking about the importance of the Investors Circle and its donors, and also thanked faculty, staff, and School of Business Foundation Trustees who were present. Dean Grier also introduced moderator Jay Markiewicz who led the panel in several rounds of word association, including “responsibility” and “failure.” This unique and fun program format lead to audience involvement as they were asked to toss out new words for association from the panel. Attendees were treated to many interesting insights into what makes these four disruptive and innovative companies tick. VCU School of Business Executive Director of the School of Business Foundation and Corporate Relations, Laura Kottkamp, closed the evening with motivational and grateful remarks.
All in attendance, including student and staff volunteers, networked over the length of the event in riveting conversation. Prior to the formal program, guests were able to learn more about each of the local companies by visiting displays around the event space. Offerings included mannequins wearing custom suits produced by Alton Lane, a video from Evatran about wireless charging technology, a table with some of the top selling dog treats from Best Bully Sticks, and a sampling station of bourbon and rye and wheat whiskey from Reservoir Distillery. Some of the insightful thoughts that could be overheard by the attendees included the state of local business, importance of community involvement, and expanding business globally. Overall, it was a very engaging and educational evening with a plethora of networking opportunities for the many in attendance.
Individual membership costs for the Investors Circle begin at $1,000 and Corporate at $2,500. For more information, please visit go.vcu.edu/InvestorsCircle or contact Katy Beishem at 804.827.0075 or email@example.com
-Article by Dylan Chaplin, student intern