Archive for the ‘Press Releases’ Category
Wednesday, May 14th, 2014
The Association to Advance Collegiate Schools of Business (AACSB), the leading accrediting body for university business education, has approved the re-accreditation of all degree programs at Tulane University’s A. B. Freeman School of Business.
In May, the A. B. Freeman School of Business was informed that it had successfully completed its re-accreditation process.
The re-accreditation culminates a yearlong process in which a team of deans from peer institutions conducted a review of nearly all facets of school operations. In addition to studying data submitted by the school, the re-accreditation team visited the campus in December 2013 to meet with constituents and collect additional information.
“Our last re-accreditation took place in the aftermath of Hurricane Katrina, so it really wasn’t a full and comprehensive AACSB review,” said Ira Solomon, dean of the Freeman School. “In a sense, this is the first rigorous review we’ve undergone in a decade, so it’s very gratifying to learn that our peer review team shares the belief that we’re moving in the right direction and accomplishing the goals we set out to achieve.”
While accredited institutions are required to demonstrate that they meet certain specific standards of excellence, Associate Dean Clifton E. Brown said the process is less about compliance and more about ensuring that schools remain committed to continuous improvement.
“A main focus is whether we have processes in place that will successfully achieve our strategy and goals, particularly our learning and research goals, and whether we have processes that allow us to employ continuous improvement,” said Brown, who coordinated the re-accreditation process. “So its focus is on improvement, basically.”
In notifying Dean Solomon of its decision to extend accreditation, Robert Sullivan, chair of AACSB’s Board of Directors, commended the Freeman School for six specific strengths and effective practices.
• Development of a strategic plan
• Commitment to experiential learning
• Implementation of the MBA Global Leadership Module
• Ongoing programs with international partner schools
• Extraordinary efforts on the part of faculty and staff in the wake of Hurricane Katrina
• Integration of nodes of excellence and comparative advantages across all programs
The extension of accreditation is for five additional years. The Freeman School’s next Continuous Improvement Review will take place in 2018-2019.
Founded in 1916, AACSB International is the longest-serving global accrediting body for collegiate schools of business. The A. B. Freeman School of Business at Tulane University is one of the 16 founding members of the association. Today, nearly 100 years later, AACSB accreditation has become the internationally recognized hallmark of excellence in business education, with fewer than 5 percent of the world’s business programs earning the prestigious certification.
Thursday, March 20th, 2014
Tulane University’s A. B. Freeman School of Business will honor restaurateur Ti Martin (MBA ’84) as Tulane Distinguished Entrepreneur of the Year and philanthropists Dana (N ’80, L ’84) and Stanley (BSM ’80) Day as Tulane Outstanding Social Entrepreneurs of the Year at the 2014 Tulane Council of Entrepreneurs Award Gala. The ceremony will take place on Friday, April 11, at the Westin New Orleans Canal Place.
The Freeman School’s Levy-Rosenblum Institute for Entrepreneurship presents the awards each year to highlight outstanding entrepreneurs in the community. The Tulane Distinguished Entrepreneur of Year Award honors individuals who combine entrepreneurial success with philanthropic generosity and service to the community. The Tulane Outstanding Social Entrepreneur of the Year Award recognizes individuals dedicated to solving social problems and improving the community through the use of entrepreneurial principles. Tulane President Scott Cowen and Freeman School Dean Ira Solomon will present the awards.
Martin is co-proprietor of the Commander’s Family of Restaurants, which includes Commander’s Palace, Café Adelaide and SoBou in New Orleans and Brennan’s of Houston. Martin is also co-founder and board chairman of the New Orleans Culinary & Hospitality Institute, which is currently developing a culinary and hospitality school in partnership with Tulane, Delgado and the University of New Orleans. In February, NOCHI was selected to redevelop the former Louisiana Artworks building, which will serve as the institute’s home. A longtime champion of business and civic causes in New Orleans, Martin has served on the boards of GNO Inc., the Bureau of Governmental Research, the Idea Village, the Young Leadership Council, the New Orleans Hospitality Strategic Task Force and the New Orleans Business Council. Martin was also a co-founder of the New Orleans “Proud to Call it Home” campaign.
Dana and Stan Day began supporting Tulane University personally after Katrina and expanded their role when their NewDay Foundation began supporting social entrepreneurship initiatives at Tulane in 2009. Through the foundation, the Days have sponsored programs including the NewDay Social Venture Challenge, the NewDay Social Entrepreneurship Distinguished Speakers Series and the NewDay Professor of Social Entrepreneurship. Dana Day is a member of the Board of Tulane and Stan Day serves on the President’s Council.
“The name Ti Martin is synonymous with the hospitality industry in New Orleans, and Dana and Stan Day are among the very biggest supporters of social entrepreneurship and innovation at Tulane University,” said Dean Ira Solomon. “We’re delighted to be able to recognize Ti and Dana and Stan as our 2014 Entrepreneurs of the Year.”
For more information about the Entrepreneurs of the Year and the Tulane Council of Entrepreneurs Awards Gala, contact Lina Alfieri Stern at 504-865-5455 or Lina.AlfieriStern@tulane.edu.
Tuesday, January 21st, 2014
After hosting one of the region’s premiere college business plan competitions for 14 years, the Tulane Entrepreneurs Association (TEA) has completely redesigned the contest to better reward the practical aspects of what make startups successful – the ability to rapidly adapt to customers’ needs.
The 2014 Tulane Business Model Competition will award more than $35,000 in prizes to new business ventures demonstrating a customer-validated business model.
Instead of rewarding the theoretical, the new contest wants ventures to show they’ve worked with potential customers to vet their services, adapted to those needs and shown the ability to quickly change course if the market disproves their assumptions. The new Tulane Business Model Competition offers a $25,000 grand prize and a $10,000 award for runner-up.
“In this contest, sleek presentations are not going to cut it,” said Ralph Maurer, executive director of the Levy-Rosenblum Institute for Entrepreneurship at Tulane University’s A.B. Freeman School of Business. “Participants won’t be rewarded for overly ambitious sales projections, drawing fancy graphs or crafting the perfect pitch to venture capitalists.”
Instead the contest rewards teams for breaking down their idea into a key business model hypotheses; testing their assumptions with customers; applying Customer Development/Lean Startup principles to make sure they nail the solution; and learning to pivot until they have a customer-validated business model.
The contest is open to any team led by at least two or more students enrolled in a college or university. To enter, teams must submit a video presentation – normally a voice annotated slide deck no longer than 10 minutes – online by 11:59, Feb 14. More details on submission criteria are available at: http://tulane2014.istart.org/ .
“Entering the first round of the competition doesn’t require a significant time investment, and it’s a worthwhile exercise for anyone working on a startup,” Maurer said.
TEA will select eight semi-finalists who will win $1,000 each and get to pitch, receive mentoring and network with a variety of lean startup experts on Tuesday, March 25, in New Orleans. Ultimately, three finalists will present their business models at Tulane University on Friday, April 11, 2014.
- Keith Brannon
Tuesday, June 25th, 2013
The A. B. Freeman School of Business at Tulane University has received a $25,000 gift from Phillips 66. The gift will be used to enhance student programs, including courses in energy finance and trading.
Sherri B. Thomas, Phillips 66’s director of early career facilitation, presented the gift to Freeman School Dean Ira Solomon during a meeting at the school on June 10.
Sherri B. Thomas, right, director of early career facilitation at Phillips 66, presented Dean Ira Solomon with a gift of $25,000 to support the Freeman School’s energy programs.
“Thanks to our relationship with Tulane and the Freeman School, we’ve been able to add a number of outstanding individuals to our organization over the last several years,” said Thomas. “We have 13,500 exemplary employees who share a vision for providing energy and improving lives. It’s our hope that this gift will inspire even more students to explore career options in energy.”
Phillips 66 is an energy manufacturing and logistics company with segment leading businesses in midstream, chemicals, refining and marketing and specialties. Since 2012, Phillips 66 has donated more than $55,000 to the Freeman School to support student and faculty development programs. The company has also been an active recruiter at the Freeman School and a participant in many career development programs. In April, the company hosted a special panel at the Freeman School, Tulane Women in Energy, to encourage more female students to consider careers in energy.
“Energy is one of our top strategic priorities at the Freeman School, so we’re especially grateful for this generous gift to enhance our programs,” said Dean Ira Solomon. “It’s only through the support of exceptional partners like Phillips 66 that we can realize our goal to become one of the world’s leading business schools for the study of energy finance, management and trading.”
Tuesday, September 18th, 2012
The American Institute of CPAs (AICPA) has named Jasmijn C. Bol, associate professor of accounting at Tulane University’s A. B. Freeman School of Business, recipient of this year’s Best Early Career Researcher Award.
Jasmijn C. Bol, associate professor of accounting, is the recipient of this year’s Best Early Career Researcher Award from the American Institute of CPAs.
The award, which was presented at the annual meeting of the American Accounting Association (AAA) in National Harbor, Md., is given to the researcher with the best overall body of research in management accounting. Eligible research must have been completed within the first five years of joining a faculty.
The Chartered Institute of Management Accountants (CIMA) in the United Kingdom and the Society of Management Accountants of Canada (CMA) co-sponsored the award. It was granted in collaboration with the Management Accounting Section of the AAA.
Bol’s award winning research includes the use of accounting information for managerial decision making, with a special focus on performance measurement and compensation systems. Recent papers include “Spillover Effects in Subjective Performance Evaluation: Bias and the Asymmetric Influence of Controllability” (2011), “The Forward-Looking Role of Subjectivity in Performance and Promotion Evaluations: Evidence from Professional Services” (2011) and “The Dynamics of Incentive Contracting: The Role of Learning in the Diffusion Process” (2010). All were published in Accounting Review. The third paper was also published in Accounting, Organizations and Society.
“This award reflects our commitment to the next generation of researchers that will advance the profession of management accounting,” said Scott Moore, AICPA senior manager, college and university initiatives, who presented the award. “Bol’s research will help CPAs and CGMAs working in business and industry, many of whom are CEOs and CFOs, make better financial decisions.”
Bol joined the faculty of the Freeman School in 2012. She previously was assistant professor of accountancy at the University of Illinois at Urbana-Champaign. She holds a PhD from IESE Business School, University of Navarra, Spain, and a master’s degree in International Business from Maastricht University, the Netherlands.
Friday, June 8th, 2012
Nationally recognized entrepreneurship expert Carl J. Schramm and Hancock Holding Co. President and CEO Carl Chaney highlight a distinguished lineup of speakers on tap for the 33rd annual Tulane Business Forum.
Carl J. Schramm
The forum, an annual presentation of the Tulane Association of Business Alumni (TABA), will take place on Friday, Sept. 28, at the Hilton New Orleans Riverside.
“This year’s forum, ‘Scoring Big: Building on Business Victories,’ highlights recent economic successes in the greater New Orleans region,” says David Kearney (MBA ’08), forum chair. “We’re excited to explore the idea of making American capitalism more entrepreneurial with keynote speaker Carl Schramm, and with other presentations on sports-related economic development, public policy and politics, and the regional banking sector, we hope to help attendees better understand how these business victories might impact their own organizations and activities.”
Schramm is a leading authority on entrepreneurship, innovation and economic growth. As president of the Kauffman Foundation for 10 years, Schramm built the organization into the world’s premier foundation dedicated to the development of high-growth firms and understanding the role they play in economic growth.
Chaney has served as CEO and director of Hancock Holding Co., the parent company of Hancock Bank, since 2006 and as president since 2008. In 2011, he guided Hancock through its acquisition of Whitney Holding Co., parent company of Whitney Bank.
This year’s forum will also feature a panel discussion on sports and economic development with Jay Cicero, president and CEO of the Greater New Orleans Sports Foundation; Rick Dickson, director of athletics at Tulane University; Doug Thornton, senior vice president of SMG; and Hugh Weber, president of the New Orleans Hornets.
In addition, Beth A. Brooke, global vice chair of public policy at Ernst & Young, will discuss public policy, politics and business; John C. Sheptor, president and CEO of Imperial Sugar Co., will discuss repositioning to create value, and Scott S. Cowen, president of Tulane University, will discuss the state of intercollegiate athletics.
The 33rd annual Tulane Business Forum is sponsored by Whitney Bank and the A. B. Freeman School of Business at Tulane University. For more information and to register online, visit http://www.tulanebusinessforum.com.
Monday, May 14th, 2012
The Freeman School has signed an agreement with China’s Xiamen University to begin offering two new dual education master’s programs for Chinese students.
Ira Solomon, dean of the Freeman School, and Xiaohui Qu, dean of the Institute for Financial and Accounting Studies at Xiamen University, at January’s signing ceremony in Xiamen, China.
Beginning this year, students at the university will be able to earn a Master of Accounting or a Master of Finance degree from the Freeman School along with a graduate certificate from Xiamen’s Institute for Financial and Accounting Studies. The agreement calls for Freeman to admit up to 30 students per year into each of the two master’s programs, with the students beginning their studies in China and then completing the degree requirements during a nine-month residency at the Freeman School. The first cohort of students is scheduled to arrive from Xiamen in August 2012.
“Building a strong network of global alumni is one of our priorities,” says Freeman School Dean Ira Solomon, who traveled to China in January to finalize the agreement. “This new agreement connects us with a population of outstanding students designed to be among China’s next leaders in business, government and professional organizations, so we’re delighted to have Xiamen University as a strategic partner.”
Xiamen is widely considered to be among the top universities in China. According to University Undergraduates Teaching Assessment and Chinese Universities Evaluation Standings, Xiamen is ranked 11th in China, and a recent study by Brigham Young University ranked Xiamen No. 1 in China for accounting research.
“This will be a great program for Tulane University,” adds Solomon. “I’m looking forward to working closely with the administration and faculty at Xiamen and the Institute for Financial and Accounting Studies to develop additional opportunities for partnership and collaboration.”
Friday, May 4th, 2012
The A. B. Freeman School of Business at Tulane University is the top school in the nation for MBA employment according to the latest U.S. News & World Report survey of business schools. The job placement data were published in March as part of the magazine’s annual report on America’s best graduate schools.
In 2011, 98.1 percent of the Freeman School’s full-time MBA class who were seeking employment were employed three months after graduation. That percentage was the best of the 135 business schools that reported employment data to U.S. News and had at least 20 graduates seeking jobs.
Since 2008, the Freeman School has invested significant resources in its career services area, hiring additional corporate outreach personnel and rolling out a host of new initiatives to connect and engage with more recruiters and hiring managers.
“Placement is just one measure of an MBA program’s success, but I’m delighted to see that the hard work of our students is being rewarded,” said Ira Solomon, dean of the Freeman School. “Our Career Management Center does an outstanding job connecting students with employment opportunities, and it’s important to note that many of those opportunities have come, either directly or indirectly, from our alumni. We wouldn’t have been able to achieve this exceptional level of success without their tremendous involvement and support.”