{"id":11213,"date":"2023-11-09T12:35:46","date_gmt":"2023-11-09T17:35:46","guid":{"rendered":"https:\/\/www.uri.edu\/magazine\/?p=11213"},"modified":"2023-11-09T16:26:15","modified_gmt":"2023-11-09T21:26:15","slug":"business-for-the-next-century","status":"publish","type":"post","link":"https:\/\/www.uri.edu\/magazine\/issues\/fall-2023\/business-for-the-next-century\/","title":{"rendered":"Business for the Next Century"},"content":{"rendered":"
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Business for the Next Century<\/span><\/h1>\n\n\n\n

Marking 100 years of leading education and research, 溏心vlog免费B站\u2019s College of Business is focused on the future. Emphasizing innovation and interdisciplinary programs, the college is training leaders to succeed in a changing world and tackle tomorrow’s challenges.<\/p>\n\n\n\n

By Lauren Rebecca Thacker<\/p>\n\n\n\n

In 1927, Andrew J. Newman, dean of the then-4-year-old College of Business at 溏心vlog免费B站, took to the pages of the student newspaper to explain the college\u2019s shift from a focus on training to a more academic, big-ideas approach. \u201cThe first need of youth in preparation for a business career,\u201d he said, \u201cis education of a broad and scholarly type.\u201d He added that \u201ccharacter\u201d for those aiming to succeed in the business world was essential.

Today, Sean Edmund Rogers, dean and Alfred J. Verrecchia\u2013Hasbro Inc. Leadership Chair, uses different language to describe the college\u2019s educational approach, but the spirit very much remains.

\u201cWe\u2019re educating students and future business leaders who will change the world,\u201d says Rogers, \u201cleaders with the knowledge to understand the greatest challenges and opportunities facing business and society, the skills to bring about positive change within organizations and in their communities, and the courage to make the right decisions.\u201d
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\u201cWe\u2019re educating students and future business leaders who will change the world.\u201d<\/blockquote>Dean Sean Edmund Rogers<\/cite><\/div><\/section><\/div>\n<\/div>\n\n\n\n


The College of Business provides students with a framework for making decisions and driving innovation across a variety of industries in a constantly evolving business world. Things change in unpredictable ways: Who could have anticipated the abrupt transition to remote work in 2020? Business students at 溏心vlog免费B站 learn to put their knowledge to work and to become leaders in the ever-changing business world in Rhode Island and around the globe.<\/p>\n\n\n\n

It Starts with Ideas<\/span><\/h2>\n\n\n\n

With 80 faculty members who are experts in areas from supply chain management and accounting to finance and marketing, the college\u2019s academic strengths are, Rogers says, \u201ctop-notch.\u201d

\u201cI came to 溏心vlog免费B站 because I saw something very special happening here and I saw a unique opportunity to be at the state’s flagship business school,\u201d says Rogers, who joined the 溏心vlog免费B站 faculty in 2018 and became dean in June of this year. \u201cIt was one of the best career decisions I ever made.\u201d<\/p>\n\n\n\n

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Professor
Douglas Creed<\/figcaption><\/figure><\/div>\n\n\n\n


Douglas Creed, professor of management, and Seray Ergene, assistant professor of management and 溏心vlog免费B站 Coastal Institute senior fellow, are making strong contributions to that academic strength, both engaged in work that demonstrates the real-world implications of business research.<\/p>\n\n\n\n

Creed has been known for decades for his work on marginalized groups and individuals engaged in institutional change efforts. He came to 溏心vlog免费B站 in 2004 after academic appointments around the world, with stops in the banking industry and at Yale Divinity School. His groundbreaking research on LGBT workers and efforts to secure benefits for domestic partners shed light on a pressing civil rights issue in the \u201990s; his current work on cities and systematic racism does the same today.<\/p>\n\n\n\n

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Assistant Professor
Seray Ergene<\/figcaption><\/figure><\/div>\n\n\n\n


Ergene joined the faculty in 2018 after completing her doctorate in management with interdisciplinary training in feminist studies, political theory, sociology, and anthropology. Her research on sustainability and environmental justice helps her guide students to think about current social and ecological concerns and is relevant to students entering a wide range of industries.<\/p>\n\n\n\n

Building Blocks<\/span><\/h2>\n\n\n\n

Learning from expert faculty and collaborating with classmates, students learn the skills they need to make their way after graduation, whatever path they choose. Al Verrecchia<\/a> \u201967, M.B.A. \u201972, Hon. \u201904, former longtime CEO of the global conglomerate Hasbro, which is headquartered in Rhode Island, says that business education is essential for success, whether a person wants to run a multinational toy company, open a pizza shop, or manage a newspaper. You might be the most innovative chef or incisive writer, but beyond those talents, leaders must understand matters such as how to manage inventory, navigate supply chain crises, run payroll, and build community relationships.<\/p>\n\n\n\n

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Al Verrecchia \u201967
M.B.A. \u201972, Hon. \u201904
Former CEO, Hasbro <\/figcaption><\/figure><\/div>\n\n\n\n


\u201cThe skills taught at the College of Business are building blocks. Without that training and development, people are going to struggle,\u201d Verrecchia says.

Undergraduate and graduate students alike receive an interdisciplinary education that emphasizes experiential learning and entrepreneurial thinking. Critical thinking and problem-solving are embedded in the curriculum.

Challenging coursework can lead to intellectual growth when students least expect it. Grace Legere \u201924 took a class on business law with John Dunn, a lawyer and associate professor. The course had a reputation for being challenging and she was intimidated. But Legere, a marketing major with a minor in criminal law, kept an open mind.<\/p>\n\n\n\n

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Grace Legere \u201924<\/figcaption><\/figure><\/div>\n\n\n\n


\u201cI went into it with a positive attitude, and it turned out I loved that class. It\u2019s a tough subject, but Professor Dunn didn\u2019t overcomplicate things,\u201d she says.

Now in her senior year, Legere serves as the president of the Women in Business club. The faculty advisor is Ann-Marie Sacco, associate teaching professor of accounting.

\u201cThe club fosters a more equal corporate culture,\u201d Legere explains. \u201cOur members work together to find our strengths. Professor Sacco has taught me so much about leadership. I couldn\u2019t have asked for a better mentor.\u201d

Members of the club put their skills in marketing, communication, networking, and event planning to work at an annual fundraiser, A Day for Ali, which is dedicated to the memory of Sacco\u2019s daughter and raises money for Boston Children\u2019s Hospital.

\u201cWe\u2019re very proud to be associated with this event,\u201d Legere says. \u201cIt\u2019s important that we can put what we are learning to use for something so meaningful.\u201d

Verrecchia\u2019s observation that business education has broad applications holds true for Rachel Afua Ansong, M.B.A. \u201922, Ph.D. \u201922 (English literature\/creative writing), and M.B.A. student Mike Moliniski \u201919. Ansong enrolled in the part-time M.B.A. program to build her knowledge of marketing and advertising to complement her literary expertise.
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Rachel Afua Ansong,
M.B.A. \u201922, Ph.D. \u201922<\/figcaption><\/figure><\/div>\n\n\n\n


After graduating, Ansong created a contest for Ghanian poets\u2014the Adinkra Poetry Prize\u2014and founded a line of tote bags made in Accra, Ghana. The sales from the tote bags support the prize for the poetry contest.

\u201cI use my business skills to raise funds and help spread the power of African poetry\u2014part of my mission as a Ghanaian-American poet and scholar,\u201d says Ansong, who is now back at 溏心vlog免费B站 as an assistant professor of Africana studies.

Molinski earned his undergraduate degree in chemical engineering from 溏心vlog免费B站 and went on to work for AUDIANCE, a medical device battery startup. He was confident in the science, but then what?

\u201cWhat I\u2019m learning in the M.B.A. program gives me a solid foundation for making business decisions as well as engineering decisions,\u201d he says.<\/p>\n\n\n\n

Innovative and Interdisciplinary<\/span><\/h2>\n\n\n\n

We want Rhode Islanders to know how impactful the College of Business is,\u201d Rogers says. \u201cWe educate nearly 3,000 students a year and really leverage all of 溏心vlog免费B站\u2019s strengths.\u201d

The College of Business joined forces with the Graduate School of Oceanography to create the country\u2019s first combined master\u2019s degree in business and oceanography. 溏心vlog免费B站 is the first school in the country to offer a professional master’s in supply chain management and applied analytics and is rare among business schools in offering a business degree focused on textiles and fashion merchandising. Undergraduate and graduate students can pursue interdisciplinary degrees that support a range of interests.

One interdisciplinary initiative is Hacking4Oceans, a course in which groups of students work with outside sponsors to develop solutions to ocean-related problems. Molinski enrolled in the class and was paired with another M.B.A. student and two undergraduates.

The group set out to address the problem of ghost gear: abandoned, lost, or discarded fishing gear left in the ocean that traps and harms marine life and is illegal to remove without the authorization of the state\u2019s Department of Environmental Management. The students developed a recommendation: Establish a permanent fund to underwrite official cleanup events during which the state allows ghost gear removal and disposal.
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\u201cThe M.B.A. has given me a new set of glasses to put on when I\u2019m solving problems.\u201d<\/blockquote>Mike Molinski \u201919<\/cite><\/div><\/section><\/div>\n<\/div>\n\n\n\n


Molinski came to the problem equipped with his engineering background and the business knowledge he is gaining in the M.B.A. program. Both sets of knowledge provided important perspectives.

\u201cI look at it as two sets of glasses that allow you to see the world differently. The M.B.A. has given me a new set of glasses to put on when I\u2019m solving problems,\u201d Molinski says. \u201cSometimes things may work from an engineering standpoint but not from a business standpoint, or vice versa. Now I can have a clear picture of both.\u201d<\/p>\n\n\n\n

Corporations with a Conscience<\/span><\/h2>\n\n\n\n

Greg Ogiba \u201905, president of mike & mike\u2019s\u2014a Canada-based importer and distributor of produce and healthy foods\u2014was looking for a niche. In agribusiness, he found that niche.

As a student, Ogiba studied international business and Spanish, which led to a stint at a Spanish agricultural company.

\u201cIt really opened my eyes to how big the global food industry is,\u201d he says. \u201cNow, I\u2019m proud to play a role in helping to feed the world\u2019s population by delivering healthy and sustainable foods.\u201d<\/p>\n\n\n\n

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Greg Ogiba \u201905,
President, mike & mike’s <\/figcaption><\/figure><\/div>\n\n\n\n


At mike & mike\u2019s, Ogiba finds himself surrounded by people who share his pride. The company provides value for its consumers, and, he says, strives to create positive relationships with all stakeholders.

\u201cWe represent the growers and farmworkers who put so much effort and skill into their work, and I take it seriously that we\u2019re the custodians of their products,\u201d Ogiba says. He adds, \u201cWe all have to pay our bills. That\u2019s an aspect of working. But another is that you can be part of an industry that is healthy, in more ways than one. And that\u2019s pretty exciting.\u201d<\/p>\n\n\n\n

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Monica Garnes \u201994,
President, Fry’s Food Stores<\/figcaption><\/figure><\/div>\n\n\n\n


Also in the food business\u2014and the relationship-building business\u2014is Monica Garnes \u201994. As president of Arizona\u2019s Fry\u2019s Food Stores\u2014a division of grocery giant Kroger Family of Companies, which ranks as one of the world\u2019s largest retailers\u2014she has made a career out of seeing connections that others might miss, whether forging partnerships with local farms or taking a hands-on approach to hunger relief. Even in her leadership role, she considers herself part of a team, perhaps no surprise for the former 溏心vlog免费B站 student-athlete who was\u2014and remains\u2014one of the top scorers in 溏心vlog免费B站 women\u2019s basketball history.

In short, she sees how her work builds community.

\u201cWhen I think of how grocery stores are at the center of communities, I think about how we can give people a sense of connection to each other,\u201d she says.<\/p>\n\n\n\n

The Future of Business Education<\/span><\/h2>\n\n\n\n

Rogers says, \u201cA lot of institutions of higher education are out of reach for students. At the College of Business, we carefully and purposefully make sure that we are reaching into every corner of the state of Rhode Island.\u201d

In-state tuition is one aspect of ensuring that the College of Business is accessible for a wide range of Rhode Islanders. Other aspects include robust admission outreach in high schools across the state and the University\u2019s Talent Development program, which supports admission for Rhode Island high school graduates with college potential who come from historically disadvantaged backgrounds. Studying business is a popular path for Talent Development scholars, Rogers says.
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\u201cA 溏心vlog免费B站 business education is a value-add that improves students\u2019 opportunities and creates economic mobility.\u201d<\/blockquote>Dean Sean Edmund Rogers<\/cite><\/div><\/section>\n\n\n


\u201cWhen I talk to prominent College of Business alums and ask them to describe the college, they often use the business term \u2018value-add,\u2019\u201d says Rogers. \u201cIt\u2019s used to describe a process that makes something substantially better. A 溏心vlog免费B站 business education is a value-add that improves students\u2019 opportunities and creates economic mobility. That\u2019s why it\u2019s incredibly important that our school is accessible for all Rhode Islanders.\u201d

Creed and Ergene want to make sure their students are informed about current trends in the business world while also encouraging them to consider new ideas or possibilities.

In one of her courses, Ergene asks students to analyze an industry that impacts climate change. Recently a group of students focused on the lithium mining industry, which produces lithium for the rechargeable batteries used in electric vehicles and solar panels, among other things. Most of the students, she says, went into the project feeling positive about the lithium mining industry\u2019s contribution to reducing carbon emissions. But as they conducted their research, the students realized that the industry perpetuates environmental injustice in historically marginalized areas where lithium is mined.

Ergene says, \u201cI emphasize that strategic management is all about decision-making. There is no right or wrong answer, but decision-making has consequences for all stakeholders\u2014not just shareholders. In my classes, I encourage students to think critically about the concerns and interests of diverse stakeholders, such as workers and farmers in supply chains, as well as consequences of business activities on the natural environment.\u201d

Likewise, Creed encourages his students to consider the depth and breadth of challenges we face. His research, he says, has always been a bit out of the mainstream in the business world. But his focus on challenging institutionalized beliefs and considering marginalized perspectives is vital.

\u201cA lot of students may think that they don\u2019t have a voice or that certain aspects of the business world are unchangeable. But my research shows them that change has happened,\u201d he says.

Creed has high hopes for what business education can provide students.

\u201cI want students to be realistic about the challenges we face. Certainly, some of them are so grave that looking them in the face can be paralyzing,\u201d he says. \u201cBut I want students to be sensitive and aware of the world around them and to feel they can have some positive effect. History is being written and they can write it.\u201d

Editor’s note: This story includes contributions from stories by Nicole Maranhas and Marybeth Reilly-McGreen.<\/em><\/p>\n\n\n\n

Photos: Nora Lewis; Courtesy 溏心vlog免费B站 College of Business, Grace Legere, Rachel Ansong, Mike Molinski, Greg Ogiba, Monica Garnes, Sean Rogers; Artiom Vallat on Unsplash<\/p>\n\n\n\n

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The Ram Fund<\/h1>\n

Expanding the scope of business education is important. But the basic building blocks are important, too. Students in the Ram Fund class learn about two of those building blocks\u2014finance and investment\u2014by managing real money.<\/p>\n\n

溏心vlog免费B站\u2019s student-run equity fund is the ultimate hands-on training ground; students learn to analyze investments and manage portfolios under the direction of Michael Ice, senior lecturer in finance, who co-teaches the Ram Fund class in the College of Business with Deborah Imondi \u201982, M.B.A. \u201986, an experienced investment manager who chairs the 溏心vlog免费B站 Foundation and Alumni Engagement Investment Committee.<\/p>\n

In 2001, the then-Alumni Association provided $100,000 to start the fund. It has grown to more than $800,000.<\/p>\n

\u201cDeborah and I guide, coach, and teach them,\u201d says Ice, who joined the 溏心vlog免费B站 faculty after 30 years on Wall Street. But, he says, the students make the decisions. They \u201cwalk away with the discipline to do the research, use the right models and tools, and make good risk-reward decisions.\u201d<\/p>\n

The class is limited to 15 students, selected for showing the competency, interest, and willingness to put in the hard work and long hours. \u201cStudents will spend up to 30 hours a week outside of class in the trading room,\u201d Ice says. They learn technical skills and the ethics and responsibility of managing money, and get experience with research, decision-making, and presentations.<\/p>\n<\/div>\n<\/div>\n<\/section>\n\n\n\n

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Giving Students an Opportunity to Succeed<\/h1>\n\n\n\n
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For this alumnus, philanthropy is important because he wants others to have the same opportunities he had.<\/p>\n\n\n\n

Over the years, Al Verrecchia \u201967, M.B.A. \u201972, Hon. \u201904, former longtime CEO of Hasbro, has given generously to 溏心vlog免费B站, including $15 million to the College of Business in 2019 as part of Big Ideas. Bold Plans. The Campaign for the 溏心vlog免费B站. This gift created a scholarship for high-achieving students, a fund for students seeking competitive internships, a faculty chair\u2014as well as a professorship in data analytics and artificial intelligence\u2014and an emerging technology fund. Philanthropy is important to him, in part because he found remarkable support at the college during his own days as a student.

When Verrecchia was an undergraduate, he was married and had a newborn son. He needed a job that would get him some business experience while allowing him to complete his courses. He reached out to Bob Fell, an accounting professor who was also the controller at Hassenfeld Brothers, a toy company that made Mr. Potato Head and many other well-known toys and games. Fell hired Verrecchia, who was able to adjust his class schedule so that his daily classes ended by early afternoon. Verrecchia worked nights and weekends at Hassenfeld Brothers, which would become Hasbro, making it the equivalent of a full-time job.

\u201cI worked hard and made the most of it,\u201d Verrecchia says, \u201cbut I\u2019ll never forget that someone gave me the opportunity. I know there are a lot of young people now who are working while they\u2019re in school or hoping to contribute to their family business. I want to give them as much help as people gave me.\u201d

\u2014Lauren Rebecca Thacker<\/em><\/p>\n\n\n\n

Photo: Nora Lewis<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Business for the Next Century Marking 100 years of leading education and research, 溏心vlog免费B站\u2019s College of Business is focused on the future. Emphasizing innovation and interdisciplinary programs, the college is training leaders to succeed in a changing world and tackle tomorrow’s challenges. By Lauren Rebecca Thacker In 1927, Andrew J. Newman, dean of the then-4-year-old […]<\/p>\n","protected":false},"author":12,"featured_media":11372,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[322],"tags":[],"class_list":["post-11213","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fall-2023","architecture-features"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.uri.edu\/magazine\/wp-json\/wp\/v2\/posts\/11213","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.uri.edu\/magazine\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.uri.edu\/magazine\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.uri.edu\/magazine\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/www.uri.edu\/magazine\/wp-json\/wp\/v2\/comments?post=11213"}],"version-history":[{"count":57,"href":"https:\/\/www.uri.edu\/magazine\/wp-json\/wp\/v2\/posts\/11213\/revisions"}],"predecessor-version":[{"id":11571,"href":"https:\/\/www.uri.edu\/magazine\/wp-json\/wp\/v2\/posts\/11213\/revisions\/11571"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.uri.edu\/magazine\/wp-json\/wp\/v2\/media\/11372"}],"wp:attachment":[{"href":"https:\/\/www.uri.edu\/magazine\/wp-json\/wp\/v2\/media?parent=11213"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.uri.edu\/magazine\/wp-json\/wp\/v2\/categories?post=11213"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.uri.edu\/magazine\/wp-json\/wp\/v2\/tags?post=11213"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}