WJC Inaugurates New President And Embraces Vibrant Future

Dr. Kelli Schutte, Chair Department of Business and Leadership

As you receive this newsletter we will be in the midst of inaugurating the 15th president of William Jewell College, Dr. Elizabeth MacLeod Walls. She joined our campus in the fall of 2016 and has already been moving and shaping our campus to a greater future. We have launched a brand campaign which has started to share our philosophy of being critical thinkers in community pursuing meaningful lives. For those of you who know Jewell we have always been a place that thinks deeply about complex issues and engages the difficulty of finding effective answers to the problems in our respective disciplines. The idea of being and fostering critical thinkers is nothing new on the Hill. But now it is being shared with our broader community in a way that so effectively captures the heart of Jewell. Join with us by sharing this message, follow us on Instagram or Facebook and tell a high school student about Jewell. This campus takes critical thinking, community and seeking meaning seriously and we want others to join us in this endeavor. Please do!

Sincerely,
Dr. Kelli Schutte
Chair of the Department of Business and Leadership

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Thomas W. Laming To Address Annual Truex Economic And Financial Forum

Mr. Thomas W. Laming

On Tuesday, November 7, William Jewell College welcomed Mr. Thomas W. Laming to deliver the keynote remarks at the annual Everett P. Truex Economic and Financial Forum. The event, attended by over 250 students, faculty and guests, was held at 7:30 p.m. in the Yates-Gill College Union, Room 221-222.  The title of Mr. Laming’s presentation was, “Technological Change, Economic Growth, and the Shape of Things to Come”.

Tom Laming is a private investor and consultant. He was formerly Senior Vice President and Lead Portfolio Manager with Scout Investments in Kansas City. Prior to that he was President and Founder of TrendStar Advisors, a money management firm based in Overland Park, Kansas, which was acquired by UMB Financial. He spent 10 years with Buffalo Mutual Funds as Chief Equity Strategist and Co-Lead Manager for the Buffalo Small-Cap, Mid-Cap, Large-Cap, Global and Science & Technology funds.

Tom was previously a technology analyst with Waddell and Reed, and prior to entering investment management he was a spacecraft designer with Lockheed Martin in Denver, Colorado and with Northrop Grumman in Redondo Beach, California, and was a Space Shuttle navigation analyst in Houston, Texas. He holds a B.S. with highest distinction in physics from the University of Kansas, an M.S. degree in aeronautics and astronautics from the Massachusetts Institute of Technology, and an M.B.A. from Indiana University.

Tom has managed five-star rated mutual funds, designed spacecraft, written software, appeared on countless finance-related television programs and played every golf course that has hosted the British Open since it was first played in 1860.

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Deltas Mu Delta Elects 2018 Officers

By Sarah Lewis – Delta Mu Delta Business Honor Society elected new officers for the 2017-2018 school year. Four individuals have been elected to serve the following roles:

President – Lisa Erhart, Senior Business Administration major

As President, Lisa’s role is provide leadership to the other officers, assist with scheduling, and assure that each graduating officer finds a suitable junior to serve in their position during the next school year.

Vice President – Nichole Marquis, Senior Business Administration major

Nichole’s role as Vice President primarily consists of serving as chair of any chapter activities, such as the induction ceremony.

Treasurer – Grace Webber, Senior Accounting major

Grace is the steward of the finances in her role as Treasurer. She keeps track of the incoming memberships and payments. She also completes the chapter’s Financial Statement before leaving the campus in spring.

Secretary – Erin Allen

As secretary, Erin keeps track of the chapter’s records, creates and retains minutes of meetings, handles chapter correspondence, and completes the Annual Report for the chapter before leaving the campus in spring.

Delta Mu Delta is an honor society for business-related majors. These students must be juniors or seniors, have a minimum 3.25 GPA, and be in the top 20% of business majors.

The students, as well as faculty advisor Beth Hazels, are looking forward to the upcoming year. “I am excited to be returning as the faculty advisor for Delta Mu Delta. We are hoping to expand our participation and develop a bigger presence on campus,” Professor Hazels said.

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Students Tackle Business Problems and Policies

Business Professor Shelly McVay

By Erin Cook – This fall, Professor Shelly McVay is again teaching Business 406 – “Business Problems and Policies,” a business capstone course focusing on entrepreneurship. The goal of the course is for students combine all the elements of business that they have learned throughout their time at Jewell. Professor McVay’s objective is for students to leave the BUS 406 course ready to enter the workplace as critical thinkers. She says that she constantly reminds her students that she wants them to be prepared for the tasks their bosses will hand them. She feels that her job is to make sure the students have been exposed to various situations and have had the opportunities to try and to also fail in a safe learning environment so they will know how to succeed when it matters.

Students will create entrepreneurial concepts throughout the course and, and these concepts will be judged using a “Shark Tank” model. Shark Tank is a reality television series on ABC. It features aspiring entrepreneur-contestants as they make business presentations to a panel of “shark” investors, who then choose whether to invest in each entrepreneur’s business or products. In December, the students’ work in the course will be judged by local entrepreneurs. This year the judges will include the following:

  • Teddi Hernandez, local entrepreneur
  • Ryan Harwell, a Jewell Alum who currently works at the Federal Reserve
  • Buzz Willard, Jewell Trustee Emeritus and entrepreneur
  • Shannon Oleen, Jewell alum and entrepreneur

Aside from this semester-long project (which is broken into several phases), students participate in several case studies, in-class role-plays, and mini-cases. These elements are designed to allow students to practice in several different ways and from several angles how to assess information, analyze data, get to hidden facts, and synthesize information to make reasoned recommendations.

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News From The Economics Club

Econ Club President Jacob Dice

By Hunter Forkum – After a two-year period of inactivity, Economics Club is back up and running. Organized by sophomore president, Jacob Dice, the club intends to serve as a relaxed setting for students from any major to discuss economic principles and voice their personal interests regarding relevant topics.

The club had its first monthly meeting in September and watched The Big Short, a documentary-drama film focusing on the 2008 financial crisis. The meeting also served as a platform for members to discuss their ideas for the club’s future, specifically regarding activities, events, and meetings.

With the assistance of economics professor and club sponsor Dr. Yuriy Bots, and sophomore vice president Jeremy Hofman, Jacob has developed a few ideas regarding club events. The club will meet once a month, discussing relevant economics articles that members will read prior to meetings. Jacob is also contacting individuals from the Kansas City Federal Reserve to speak at meetings. He also plans for the club to visit the Federal Reserve during the academic year.

Jacob is excited about the future of Economics Club, stating: “We hope to cultivate an environment where students can engage in an involved, recreational discussion of economic topics.”

The club is still open to new members. Students who are interested can contact president Jacob Dice, vice president Jeremy Hofman, or Dr. Bots.

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Jewell Grad Chris Stathos Named to Inc. Magazine 30-Under-30

Reprinted from Inc. Magazine, October 4, 2017, By Nichole Kube

“Simply, get to know this community and let it get to know you. There are so many people here that seem unreachable, but you cannot know until you reach out and try.”

In his own words – While in school at William Jewell, I completed six internships for five professional sports organizations (Cleveland Indians, Kansas City Chiefs, Cleveland Browns, Sporting Kansas City, and the National Football League). During that time, I was honored by The University of Michigan Sports Business Conference with their inaugural BIG Initiative Award (2013), given to ten of the top undergraduates in sports business.

In 2015, I was a member of Big Brothers Big Sisters of Greater Kansas City’s Most Wanted Class, raising nearly $11,000 for the cause through two exclusive auction packages, including a once-in-a-lifetime experience with Chiefs tight end Travis Kelce.

Recently, I was recognized for outstanding work in activating our partnership with Anheuser-Busch, winning the 2016 Bud Light Partner of the Year award for the Chiefs. Continue reading

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Marketing Students Partner With Nonprofit Veronica’s Voice

By Erin Cook – For the past couple of years, Professor Shelly McVay’s Business 305 marketing course has partnered with a local Kansas City nonprofit for a service-learning project. This year, the class is providing advertising consultation to Veronica’s Voice. According to its website, the mission of Veronica’s Voice is “to empower women to exit from, to prevent the entry into, and to end all demand for prostitution/sex trafficking in the United States through survivor leadership.”

The class has broken into five consulting teams. Each team is tasked with researching the practices that Veronica’s Voice is currently using. Based on their research, each team is tasked with making recommendations about improvements regarding the organization’s marketing and promotion elements. Students are evaluating the organization’s target audience and how this audience might evolve in the future. Students are also analyzing promotion elements and considering the nature of a non-profit organization and its funding restrictions. These promotion elements include advertising, sales promotion, personal selling, and publicity. The groups are working to develop a new or improved brand logo, collateral items such as brochures, posters, banners, etc., public service announcements, social media plans and rationale, and a complete cost analysis of all the proposed pieces.

When asked, what is your favorite aspect about this course, Professor McVay responded, “I worked in marketing at Hallmark Cards for 30 years, so this is my passion!  I really love engaging students in real-world companies and the bonus is that they are giving back to the community—to people who truly need help with their marketing and promotion—to get their message out.”

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