Template-Type: ReDIF-Article 1.0 Author-Name: Chuanyin Xie Author-Name: Susan D. Steiner Title: ENHANCING MANAGEMENT EDUCATION RELEVANCE: JOINT CREATION OF KNOWLEDGE BETWEEN BUSINESS SCHOOLS AND BUSINESS Abstract: Management education has been criticized for its limited contribution to both students and business. Yet, the traditional education approach has not undergone fundamental changes in decades. A number of new educational models have been proposed, but challenges seem insurmountable when it comes to implementation. This article explores how an effective change in management education could be made through joint creation of management knowledge between business schools and the business community. We argue that this collaboration in knowledge creation complements the new management education models and is helpful to their implementation. Classification-JEL: I20, I21, M10 Keywords: Management Education; Business Relevance; Joint Creation of Management Knowledge Journal: Business Education & Accreditation Pages: 1-15 Volume: 5 Issue: 2 Year: 2013 File-URL: http://www.theibfr2.com/RePEc/ibf/beaccr/bea-v5n2-2013/BEA-V5N2-2013-1.pdf File-Format: Application/pdf Handle: RePEc:ibf:beaccr:v:5:y:2013:i:2:p:1-15 Template-Type: ReDIF-Article 1.0 Author-Name: Charles J. Hobson Author-Name: David Strupeck Author-Name: Andrea Griffin Author-Name: Jana Szostek Author-Name: Rajan Selladurai Author-Name: Anna S. Rominger Title: FIELD TESTING A BEHAVIORAL TEAMWORK ASSESSMENT TOOL WITH U.S. UNDERGRADUATE BUSINESS STUDENTS Abstract: Given the ubiquitous utilization of teams in U.S. workplaces, collegiate schools of business have responded by placing great emphasis on the assessment and development of teamwork skills. Employing a methodology first proposed by Hobson and Kesic (2002) for use in managerial training, this study involved the behavioral assessment of teamwork skills in a sample of 247 undergraduate business students. The evaluation tool consisted of 15 positive and 10 negative teamwork behaviors. A leaderless group discussion exercise was utilized with 5-person teams, working together to solve a problem in a 20- minute period. Team interaction was videotaped and analyzed to produce ratings (on a 0-4 scale, from never to always) for each student on the 15 positive behaviors, 10 negative behaviors, as well as an overall score (the sum of the 15 positive behaviors minus the sum of the 10 negatives). Data analysis provided means for all 25 individual items on the teamwork assessment tool and norms for overall teamwork scores. A full factorial ANOVA indicated essentially no demographic differences in overall scores as a function of sex, age, race/ethnicity, or major. Potential uses of this assessment methodology in teaching, student coaching, and accreditation are discussed. Classification-JEL: I21, I23 Keywords: Teamwork, Team skills, Teamwork Education Journal: Business Education & Accreditation Pages: 17-27 Volume: 5 Issue: 2 Year: 2013 File-URL: http://www.theibfr2.com/RePEc/ibf/beaccr/bea-v5n2-2013/BEA-V5N2-2013-2.pdf File-Format: Application/pdf Handle: RePEc:ibf:beaccr:v:5:y:2013:i:2:p:17-27 Template-Type: ReDIF-Article 1.0 Author-Name: Karel Updyke Title: EVOLUTION OF A BUSINESS PROGRAM DESIGNED TO DEVELOP STUDENTS’ KNOWLEDGE AND SKILLS Abstract: This paper describes the 20-year evolution of the College of Business in developing a comprehensive, four-year professional and career development program for students. We began by designing a business spine, a series of courses introducing students to the tools of business decision-making. The spine culminated by requiring each business major to complete two internships, consisting of at least 300 hours of work experience. We now understand that students also need to acquire a variety of skills over four years, on their paths to becoming business professionals. We show the importance to students’ success of experiential learning, including internships, mentoring, and skill-development. Students now take freshman and sophomore business experience courses, meet with their career mentors over their four years, and participate in a variety of workshops and other activities and events to help them learn business and professional skills and attitudes. We believe this comprehensive, four-year program contributes to our nearly 99% placement rates within six months of graduation. Classification-JEL: M10 Keywords: Assessment, Internships, Student learning, Experiential learning, Business Education Journal: Business Education & Accreditation Pages: 29-39 Volume: 5 Issue: 2 Year: 2013 File-URL: http://www.theibfr2.com/RePEc/ibf/beaccr/bea-v5n2-2013/BEA-V5N2-2013-3.pdf File-Format: Application/pdf Handle: RePEc:ibf:beaccr:v:5:y:2013:i:2:p:29-39 Template-Type: ReDIF-Article 1.0 Author-Name: Werner Soontiens Author-Name: Kerry Pedigo Title: TRANSNATIONAL EDUCATION: AN AUSTRALIAN APPROACH TO ASSURING QUALITY AND ENGAGING OFFSHORE STAFF Abstract: Traditionally and despite the growth and increased importance of transnational education (TNE) staff development and induction in offshore locations are undertaken from afar with sporadic actual engagement. As a long time TNE provider, in an often complex environment, the Curtin Business School (CBS) at Curtin University, in Perth, Western Australia has developed and is implementing a multifaceted approach to the induction of offshore staff. The article reflects on the context, roll-out and results of a newly developed residential staff induction program. The program facilitated skill development and understanding but more importantly established an unanticipated depth of connectedness and commitment. Classification-JEL: I23, M16 Keywords: Multinational Education; Offshore Staff; Quality Assurance Journal: Business Education & Accreditation Pages: 41-54 Volume: 5 Issue: 2 Year: 2013 File-URL: http://www.theibfr2.com/RePEc/ibf/beaccr/bea-v5n2-2013/BEA-V5N2-2013-4.pdf File-Format: Application/pdf Handle: RePEc:ibf:beaccr:v:5:y:2013:i:2:p:41-54 Template-Type: ReDIF-Article 1.0 Author-Name: Jeff Anstine Title: GRADUATION RATES AT U.S. COLLEGES AND UNIVERSITIES: A LARGE DATA SET ANALYSIS Abstract: This paper compiles data from a half a dozen different sources to examine the relative impact various factors have on graduation rates. Research finds that faculty salaries positively impact rates, public schools have lower graduation rates and liberal arts colleges, research and masters’ universities have higher rates than comprehensive. Overall, the existence of learning communities and teaching centers at institutions of higher learning does not improve graduation rates. However, if the type of school is taken into consideration; the existence of learning communities does improve graduation rates at comprehensive universities but does not have any impact on research and masters universities or liberal arts colleges. This research suggests that when implementing programs aimed at improving graduation rates different types of colleges and universities need to be selective in what they choose. Classification-JEL: A20, A22, Z18 Keywords: Graduation Rates, Colleges, Universities Journal: Business Education & Accreditation Pages: 55-64 Volume: 5 Issue: 2 Year: 2013 File-URL: http://www.theibfr2.com/RePEc/ibf/beaccr/bea-v5n2-2013/BEA-V5N2-2013-5.pdf File-Format: Application/pdf Handle: RePEc:ibf:beaccr:v:5:y:2013:i:2:p:55-64 Template-Type: ReDIF-Article 1.0 Author-Name: Rubén Molina Martínez Author-Name: Argelia Calderón Gutiérrez Title: DEVELOPING COMMUNICATIVE COMPETENCE IN ENGLISH AS A SECOND LANGUAGE BY INTEGRATING BUSINESS COMPETENCIES Abstract: This paper examines what business competencies a learner of English as a Foreign Language (EFL) can develop while developing communicative competence in English. The analysis is focused on the business competencies undergraduate students at the Administration Faculty of Universidad Michoacana de San Nicolás de Hidalgo need to develop. The study aims to demonstrate that using a competence formation model enables learners to attain better levels of communicative competence. Moreover, it strengthens their business competencies through classroom practice of real-life communicative activities, without having to study them separately or at different times. Finally, by incorporating self-assessment practices and a learning portfolio as tools to enhance learning by asking students to reflect on their own motivations or needs, we expect to contribute to developing learning autonomy and self-evaluation strategies as an integral approach to both professional and personal formation. Classification-JEL: I2, I23 Keywords: Competences, Communicative Competence, Autonomy, Business Competencies Journal: Business Education & Accreditation Pages: 65-77 Volume: 5 Issue: 2 Year: 2013 File-URL: http://www.theibfr2.com/RePEc/ibf/beaccr/bea-v5n2-2013/BEA-V5N2-2013-6.pdf File-Format: Application/pdf Handle: RePEc:ibf:beaccr:v:5:y:2013:i:2:p:65-77 Template-Type: ReDIF-Article 1.0 Author-Name: Lynda S. Livingston Title: ADDING MARKOWITZ AND SHARPE TO PORTFOLIO INVESTMENT PROJECTS Abstract: Introductory investments courses revolve around Harry Markowitz’s modern portfolio theory and William Sharpe’s Capital Asset Pricing Model. Nonetheless, the textbook versions of these seminal contributions tend to obscure their economic insights, focusing instead on their mathematical consequences. In this paper, we suggest simple additions to the basic portfolio spreadsheet project that will distinguish the economics (e.g., the market portfolio is efficient) from its necessary consequences (e.g., the beta-expected return relationship is linear). We also show that it is important to use Excel’s MMULT function, not Solver, to find efficient portfolios. Classification-JEL: G10, G11 Keywords: Portfolio Theory, CAPM, Investments Pedagogy Journal: Business Education & Accreditation Pages: 79-95 Volume: 5 Issue: 2 Year: 2013 File-URL: http://www.theibfr2.com/RePEc/ibf/beaccr/bea-v5n2-2013/BEA-V5N2-2013-7.pdf File-Format: Application/pdf Handle: RePEc:ibf:beaccr:v:5:y:2013:i:2:p:79-95 Template-Type: ReDIF-Article 1.0 Author-Name: Nadia Shuayto Title: MANAGEMENT SKILLS DESIRED BY BUSINESS SCHOOL DEANS AND EMPLOYERS: AN EMPIRICAL INVESTIGATION Abstract: The objective of this research was to determine the skills business leaders find most critical in MBA programs to adequately prepare leaders and professionals for organizational success. A second goal was to explore the relationship between the perceptions of business and industry leaders and business school leaders on the rankings of skills deemed most important to prepare students for success in their business careers. The conceptual framework for this study was based on Tanyel’s et al., 1999 study. A survey instrument was administered to 67 respondents from prospective employers of MBA graduates and 15 respondents among business school deans and directors located in the state of Michigan. The two samples consisted of a matched pair design and rank order means for skill rating by the prospective employers and the matched mean rating from the deans/ directors. The major findings found significant differences in the mean rating of the importance of soft skills vs. hard skills among the prospective employers of MBA graduates. Additionally that there is a significant difference in the mean rating of the importance of soft skills vs. hard skills for MBA graduates among the deans and directors at business schools with MBAs. This research offers business school leaders empirical evidence for curriculum redesign for prioritizing skills and designing coursework to incorporate top ranked skills viewed as most important by business and industry leaders. Classification-JEL: J24, J33, J44, M12 Keywords: Higher Education, MBA Programs, Management Skills, Soft Skills Journal: Business Education & Accreditation Pages: 93-105 Volume: 5 Issue: 2 Year: 2013 File-URL: http://www.theibfr2.com/RePEc/ibf/beaccr/bea-v5n2-2013/BEA-V5N2-2013-8.pdf File-Format: Application/pdf Handle: RePEc:ibf:beaccr:v:5:y:2013:i:2:p:93-105 Template-Type: ReDIF-Article 1.0 Author-Name: Vinita Sinha Author-Name: K. S. Subramanian Title: ACCREDITATION IN INDIA: PATH OF ACHIEVING EDUCATIONAL EXCELLENCE Abstract: This article identifies the noteworthy role played by various statutory bodies constituted and expanded by the Indian Government for the purpose of quality assurance and attainment of sustainable excellence in the Indian higher education system. Accreditation has now become vital for all universities in India except those created through an act of Parliament. Without accreditation, these institutions have no legal entity to call themselves a University and award Degrees which are not treated as valid for academic/employment purposes. Since quality assurance is an evolving issue the emphasis is deliberately given to excellence and quality as the distinct constituents of higher education in India. This is done through a combination of self and external quality evaluations, endorsements and sustenance initiatives. This paper also highlights existing key issues of the accreditation process and vital points that need to be incorporated to generate insights about the future of accreditation. Classification-JEL: I2, I23 Keywords: Accreditation, Educational, Excellence, India, Path Journal: Business Education & Accreditation Pages: 107-116 Volume: 5 Issue: 2 Year: 2013 File-URL: http://www.theibfr2.com/RePEc/ibf/beaccr/bea-v5n2-2013/BEA-V5N2-2013-9.pdf File-Format: Application/pdf Handle: RePEc:ibf:beaccr:v:5:y:2013:i:2:p:107-116 Template-Type: ReDIF-Article 1.0 Author-Name: Varghese P. George Title: A COMMUNICATION-FOCUSED MODEL FOR LEARNING AND EDUCATION Abstract: Discontinuities in markets and technology as well as issues of performance are roiling the field of higher education. Despite the profusion of educational and learning concepts, a comprehensive model for both explaining and testing for educational performance has been hard to come by. The paper starts with a brief retrospect of the better-known conceptualizations of learning and educational processes. Next, built atop the Community of Inquiry framework and employing the typology for the purposes of communication under knowledge-intensive environments, a Communication-Focused Model for Learning and Education is proposed. With clearly laid out causal linkages, the model shows how the sub-components of a communication-based design aggregate to a comprehensive educational design. Such educational design in turn is shown to influence the learning processes and, finally, the quality of learning, which can be assessed better with the proposed comprehensive model. Suggestions for the empirical applications of the model and for its heuristic extrapolations to arrive at new educational designs are provided. Classification-JEL: I20, I21, I23 Keywords: Higher Education, Educational Design, Learning Model, Learning Outcomes Journal: Business Education & Accreditation Pages: 117-130 Volume: 5 Issue: 2 Year: 2013 File-URL: http://www.theibfr2.com/RePEc/ibf/beaccr/bea-v5n2-2013/BEA-V5N2-2013-10.pdf File-Format: Application/pdf Handle: RePEc:ibf:beaccr:v:5:y:2013:i:2:p:117-130