Dillard College of Business Administration

2. Dillard College of Business Administration

3. Vision & Mission Our Vision is to be recognized as the center of excellence in business education and service in North Central Texas. Our Mission is to provide students an educational experience that develops knowledge and competencies needed for professional career entry, mobility, and leadership. For our stakeholders, the Dillard College provides specialized services that contribute to the economic education, development, and vitality of our region.

4. Values Our Values • Diversity among individuals and cultures • Integration of the college and the regional business community • Close relationships among students and faculty • Lifelong learning from the foundation of a liberal arts education • Professional behavior on the part of faculty and students • An attitude of ethical leadership among students and faculty • An entrepreneurial mindset – an orientation of leveraging unique resource combinations to seize opportunities that create value (monetary or otherwise)

5. AACSB Accredited The Dillard College of Business Administration received accreditation in April 2010. AACSB Accreditation represents the highest standard of achievement for business schools worldwide. Less than 5% of the world’s 13,000 business programs have earned AACSB Accreditation. AACSB-accredited schools produce graduates that are highly skilled and more desirable to employers than other non-accredited schools. AACSB-accredited schools have the highest quality faculty, relevant and challenging curriculum, and provide educational and career opportunities that are not found at other business schools. www.aacsb.edu

6. Undergraduate Enrollment

7. Undergraduate Enrollmentby Major

8. Budget • Overview • Salaries & Positions • Departments • Dillard College Centers

9. Budget Overview 2012-2013 • Principal Operations • $3.5 Million • SBDC $267K • Dillard College Centers $31K • --Bureau of Business and Government Research$14K • --Lalani Center for Entrepreneurship$12K • --Mamie Raborn Center of Economics$5K

10. Budget Overview 2012-2013

11. Departments Accounting/MIS • Travel: $9,154 • Maintenance and Operations: $5,504 Dillard Business Admin • Travel: $17,100 • Maintenance and Operations: $45,540 Economics/Finance/Legal Studies • Travel: $10,170 • Maintenance and Operations: $6,115 Management/Marketing • Travel: $10,170 • Maintenance and Operations: $6,115

12. Dillard Fund Distribution 2012-2013

13. Salaries & Positions • Faculty • Staff

14. Faculty 28 Positions • Instructors (2) • Assistant Professors (9) • Associate Professors (9) • Full Professors (8) • Vacancies • Tax position filled • Econ/Stats position • Management position

15. Salaries Faculty Total Faculty Salaries $2,464,733* Fringe Benefits 566,408 Total $3,031,141 *Chair Stipends Not Included

16. AACSB Salary Comparisons

17. AACSB Salary Comparisons

18. Salaries by Rank - ACCT

19. Salaries by Rank - ECON

20. Salaries by Rank - FINC

21. Salaries by Rank - LSBA

22. Salaries by Rank - MGMT

23. Salaries by Rank - MIS

24. Salaries by Rank - MKTG

25. Proposed Dillard Fund Distribution 2013-2014

26. Faculty Salaries What salaries should we expect for future hires? • New Doctorates at 25th Percentile 2012-2013 AACSB Survey • Accounting $115,000 (Assistant Professor) • Current highest faculty salary - $102,460 (Associate Professor) • Finance $93,800 (Assistant Professor) • Per AACSB numbers, to hire an Assistant Professor from another school at 25th percentile - $115,200 • Current highest faculty salary - $100,876 (Full Professor)

27. Faculty Salaries What salaries should we expect for future hires? • New Doctorates at 25th Percentile 2012-2013 AACSB Survey • Management Information Systems $94,300 (Assistant Professor) • Current highest faculty salary - $86,214 (Associate Professor) • Marketing $98,000 (Assistant Professor) • Current highest faculty salary - $110,000 (Distinguished Professor) • Next highest faculty salary - $89,450 (Associate Professor)

28. Salaries Staff Total Admin Salaries $185,997 Fringe Benefits 80,752 Longevity 3,440 Total $270,189

29. Staff – March 2012 9 Positions • 1-MarketingCoordinator (1 vacancy) • 1-Assistant to the Dean • 1-Administrative Assistant (1 vacancy) • 4-Secretary II (2 vacancies) • 2-Academic Advisors

30. Staff Needs 9 Positions • 1-Marketing Coordinator (1 vacancy) • 1-Assistant to the Dean • 1-Administrative Assistant • 4-Secretary II • 2-Academic Advisors • 1-Accreditation Coordinator (Part-time Faculty Position)

31. Dillard College Centers Munir Abdul Lalani Center for Entrepreneurship and Free Enterprise • Director: Dr. Jeff Stambaugh The Munir Abdul Lalani Center for Entrepreneurship and Free Enterprise is the principal focus in the Dillard College of Business Administration for the study, promotion, and cultivation of entrepreneurial and innovative activities in our region.  • IdeaWF and IdeaMSU • Angel Investors The Center promotes the co-curricular activities of Dillard College students interested in entrepreneurial careers, assists faculty in the development of curriculum and promotes research in the area of entrepreneurship and innovation in the College.  The Center is also being positioned to serve as a focal point for entrepreneurial activities in the greater Wichita Falls and North Texas region.

32. Dillard College Centers Munir Abdul Lalani Center for Entrepreneurship and Free Enterprise

33. Dillard College Centers Bureau of Business and Government Research • Director: Dr. John Martinez The Bureau of Business and Government Research (BBGR) is an integral part of the Dillard College of Business Administration and Midwestern State University. The mission of the BBGR is: • to provide assistance in research conducted by the faculty and students in the University; • to conduct and encourage research related to economic development and the local community; • to promote partnerships in the business and local community to pursue contemporary economic, business, and government issues. The Bureau of Business and Government Research at Midwestern State University is a member of the nationwide Association for University and Economic Research. The BBGR publishes a quarterly Wichita Falls Regional Economic Outlook Report and the Midwestern Business Economic Review twice yearly.

34. Dillard College Centers Bureau of Business and Government Research

35. Fund Raising Efforts • Wichita Falls Regional Economic Outlook Report • IdeaWF

36. Wichita Falls Regional Economic Outlook Report • Revenue • Sell Advertisements ($800 - $2,500) • Total Advertisement Revenue in FY 13 - $5,200 • Sell Economic Report and Statistics: $500 Monthly • Expenses (FY 12) • Supplies $2,050.00 • Postage $5,000.00 • Bindery/Collating $350.00 • Mailing List/Data Set $825.00 • Total $8,225.00* * Total does not include copier expenses or labor expenses.

37. IdeaWF www.ideawf.com

38. Dillard College Centers Mamie Raborn Center for Economic Education • Director: Dr. James Owen The Mamie Raborn Center for Economic Education was established in 1982 to increase the economic understanding of the university community and the citizens of the North Texas area.  The Center provides economic education materials, disperses information concerning economic issues, and serves as a point of contact for members of the media and community having questions about economic issues.

39. Dillard College Centers Mamie Raborn Center for Economic Education

40. Dillard College Centers Center for Management and Leadership Development • Currently inactive

41. Dillard College Centers Small Business Development Center • Director: Vanda Wright The Wichita Falls Small Business Development Center is located on the campus of Midwestern State University. The SBDC provides business counseling, technical assistance, training workshops, and business plan development for small businesses in our 13 county area. We strive to promote growth, expansion, innovation, increased productivity and improved management for small business.

42. Dillard College Centers Small Business Development Center

43. Cost Efficiency Efforts • No Marketing Coordinator • AQ/PQ Standards and Mix of Faculty • Wise use of “other faculty” for university core and other classes as numbers permit • Wise and increased use of PQ faculty • Developing a Website for Economic Outlook Report • Big time saver for staff and better product • Energy Efficiency

44. Cost Efficiency Efforts • Internationalization of College • Maximize Class Sizes • Offer fewer sections • Carefully look at electives • Carefully look at course sequencing • Streamlined Assessment Process • Two Year Course Plan • Better course sequencing increases class sizes and helps students plan

45. Improvement Ideas • Advising Department working with North Central Texas College (NCTC) & Vernon College • MBA Program • Current Status

46. Status of MBA Program

47. Improvement Ideas • MBA Program • Proposed Changes • Increase Admission Standards • Provide Increased Flexibility in Course Delivery Formats • Traditional, Online, & Hybrid Offerings • Reduce Common Body of Knowledge Leveling Requirements

48. Dillard College Needs • MBA Concentrations • Marketable & Demand, Accounting and Other Specialties • Salary Adjustments • Staff Support • Technology Support

49. Technology Support • Classroom Utilization • Technology Replacement Costs • Technology Upkeep Costs

50. Classroom Utilization *Only includes full semester use. Classrooms are used regularly for events—especially DB 101, DB 189, and the Priddy Conference Room.