From June 18th to 20th, the School of Management’s Hagerman Center for Entrepreneurship and Innovation hosted the Summer Entrepreneurship Institute, welcoming 22 incoming junior and senior high school students from Genesee County, Oakland County, Macomb County, and even from as far as Florida and New Jersey.
The program began with an introduction to entrepreneurship and idea generation, led by School of Management faculty members Brian Blume and Mark Simon, alongside alumnus Raymond Kusch. As part of their hands-on learning experience, the students visited the Farmers Market to observe entrepreneurship in action and enjoy lunch from various vendors.
On Wednesday, the participants visited 100K Ideas, where they explored the Shops on Saginaw and listened to Phil Hagerman, an entrepreneur, philanthropist, pharmacist, and CEO. Mr. Hagerman, a significant benefactor of the School of Management since his generous donation in 2015, continues to support the institution while managing multiple ventures such as Forum Health and SkyPoint Ventures.
Brian Blume, newly appointed Director of the Hagerman Center and David M. French Professor of Organizational Behavior & HR Management stated, “During our visit to the 100K Ideas incubator in downtown Flint, we were inspired by businessman Phil Hagerman’s insights. This visit is an example of the profound impact the local business community can have in shaping the experiences of students and fostering a culture of innovation. We also were able to visit the Flint Farmers market, where the students purchased lunch from many local entrepreneurs.”
Throughout the program, students collaborated to develop new venture ideas. Thursday’s agenda began with a guest lecture from Dan Command, widely known as Dan C. Bearded on social media. Command, a content creator specializing in beard care, shared insights on thriving in a niche market using social media.
The students also had the opportunity to network with seasoned entrepreneurs during a luncheon. Esteemed speakers included UM-Flint alumna Adrian Montague and James Shuttleworth, co-founders of Flint Soup; Perci Whitmore, UM-Flint alumnus and founder of Share the Keys; Tom Nardone, president of PriveCo and CEO of Dignity Lifts; Theo Ellis, UM-Flint alumnus and founder of ProSound Media; and Adeola Osunlowo, UM-Flint alumnus and CEO of Wombman Unspoken. Blume also mentioned “We appreciate the active participation of our alumni in our network luncheon, where nearly all speakers were distinguished University of Michigan, Flint graduates. This underscores the vital role that alumni and community engagement play in the success of our educational mission.” These interactions provided the students with invaluable advice and feedback on their ideas.
The program culminated with student presentations, where each group delivered an elevator pitch and detailed their venture’s competitive landscape, target market, financial viability, and marketing strategy, including logo and slogan development. The creativity and cohesiveness of their proposals were remarkable, especially given the three-day timeframe.
This cohort of enthusiastic students demonstrated a keen interest in entrepreneurship and innovation. Mark Simon, former Director of the Hagerman Center and Hagerman Professor of Entrepreneurship and Innovation said “I was so impressed by the quality and the creativity the ideas the students developed. But it was more than just the ideas, they designed logos, came up with slogans, figured out marketing campaigns, and even developed financials! It was remarkable what they accomplished in less than three days. They should be so proud.” Their impressive presentations and collaboration underscored the program’s success in fostering the next generation of entrepreneurs.
The School of Management (SOM) at the University of Michigan-Flint received continued accreditation from the Association to Advance Collegiate Schools of Business (AACSB) International, the premier accrediting body for business schools worldwide. Institutions that earn accreditation confirm their commitment to quality and continuous improvement through a rigorous and comprehensive peer review. With reaffirmation, the School of Management is celebrating more than 30 continuous years of accreditation by AACSB International.
AACSB International accreditation is the hallmark of excellence in business education, and it aligns with the School of Management’s mission of continuous commitment to improvement through the delivery of innovative high-quality programs, intellectual research contributions, high standards of integrity and ethics, and engagement in local and global communities.
Since the five-year continuous improvement review, the School of Management has introduced online availability of the following programs: Master of Business Administration, MS in Accounting, MS in Leadership and Organizational Dynamics, and Bachelor of Business Administration programs. In addition, UM-Flint’s Online BBA degree, ranked #1 in Michigan for 2021 and 2022 and top 40 in the country by U.S. News & World Report, is now much more affordable for out-of-state residents. The online bachelor’s program, with a lowered out-of-state tuition now just 10% above that of in-state, represents one of the best values in Michigan and across the country. Reflecting market trends, the School has also created new undergraduate programs by introducing a two-course special topic on Business Analytics and Artificial Intelligence, adding a new Business Analytics minor, and developing a joint (4-1) BBA/MBA program where qualified undergraduate BBA students can complete an MBA degree with up to 21 fewer credits than if the MBA degree were pursued separately.
AACSB International credits the School of Management with strongly supporting students in their pursuit of international experiences. SOM has developed its own relationship with international institutions which lead to two new student exchange programs in France and Germany in addition to the other partnered universities in Belgium, Croatia, Turkey, Taiwan, Poland, Romania, and Sweden.
The School of Management has expanded the online availability of professional development and networking opportunities, in coordination with the undergraduate career development requirement aimed at differentiating UM-Flint’s BBA program and enhancing students ‘career preparation.
AACSB International found that the School of Management actively supports young interdisciplinary entrepreneurs’ ambititions by offering a general education course on introduction to entrepreneurship and offers many programs and activities through the Hagerman Center for Entrepreneurship and Innovation such as an idea pitch “Zillion Solutions” competition and the Summer Entrepreneurship Institute for high school students. The Center works closely with the Entrepreneurs Society student organization which has its own entrepreneurship speaker series.
School of Management Interim Dean Yener Kandogan and faculty members Mark Simon, Cathy Miller, Keith Kelley, and Scott Johnson were critical to the successful completion of the continuous improvement review report. We thank everyone involved for their time and the AACSB peer review team that evaluated the School.
During the 2019-2020 school year, the UM-Flint Financial Management Association (FMA) made a strong comeback. In recent years, the student organization has become inactive. A group of committed UM-Flint School of Management students made it their mission to restart the organization and offer resources to students interested in financial management.
The mission of the Financial Management Association is to help students learn and challenge each other about various aspects of finance, such as investment banking, investment trading, investment management, and business administration-finance. They accomplish this through networking, being leaders in their classrooms, biweekly meetings, guest speaker events, and this year, attending a national conference.
In early March, five students attended the 2020 Finance Leaders’ Conference in New York, New York, for the first time in the history of the organization. The team members that attended were Parker Faubert (BBA in Finance), Todd Fridline, Vice President of FMA (BBA in Finance), Hannah Hodgkinson (BBA in Accounting), Austin McIntosh, President of FMA (BBA in Finance), Ciera Meier, Treasurer of FMA (BBA in Accounting and Minor in Criminal Justice), and Mustafa Salim, Secretary of FMA (BA in Economics and Minor in Finance).
These determined students highlighted their skills and accomplishments in a Financial Case Competition with 60 other universities throughout the country. The deliverables of their case focused on the macroeconomic, quantitative, and qualitative analysis of Peloton, the popular at-home workout equipment that also provides customer support through their app and live-streams.
“Due to this being our first time participating in this event, we did not know what to expect leading up to the event. Five of our six members were allowed to compete in this competition, and we divided the work up equally between these five members. We were given five hours to complete our analysis and we utilized this entire time. The deliverable for this portion of the competition was a four-page case report,” said Todd Fridline.
FMA presented their findings to a panel of judges, and from their hard work, they received Top Three Honors in this competition. “This was a tremendous experience for everyone involved,” said Todd Fridline.
“Since it was our first conference, we were not sure what to expect out of this weekend. Our main goal for this conference was to take in as much information we could. From there, we can take this information to guide the club’s meetings and future conferences going forward. We were looking at this conference as a gateway to get the club up to the potential we see it as,” said Ciera Meier.
Austin McIntosh, President of FMA, said, “We would absolutely like to attend the conference again and become a routine part for the club and to build upon the success that we enjoyed this year. We would like to continue learning more in-depth aspects of finance and the business world. Previous competitions held at this conference were quiz bowls and case competitions, so if we continue to learn and practice these skill sets, it will set us up for success not only in future conferences but also in our careers.”
The faculty advisor for FMA, John Stephens, Lecturer of Accounting and Finance for the School of Management said, “I am very happy with the activity of the club and the initiative they have taken to plan, organize, and arrange funding for the trip to New York City. I am also very proud of their accomplishment with the case competition. Each school could decide if they wanted to enter the competition. Not only did the UM-Flint FMA decide to enter, but they also were all very enthusiastic about the competition and their deliverables. The analysis was very strong and the students ended up placing third for their analysis of the Peloton Corporation and earning a prize stipend. The other schools in the competition were much bigger programs, but our students proved that size does not matter because the principles are the same no matter where you attend college. ”
During the Fall 2019 and Winter 2020 semesters, the FMA’s primary focus was to recruit new members and achieve their goals. “We have used flyers, digital signage, and various word of mouth to let students know we are back on the radar. We have tables at the Mgagement Fairs, SOM Business Socials, and also promoted our various events throughout campus,” said Austin McIntosh.
“By putting on various events, and making this organization centered around what the members want to gain out of the club, we are continuously achieving our goal of learning and challenging ourselves on aspects of business administrative finance,” Austin McIntosh continues, “Rebuilding this club and achieving the success as we did at the Finance Leaders’ conference truly shows that the University is excelling in teaching their students in becoming the Leaders and the Best.”
According to the group members, all of this couldn’t have been done without the guidance of FMA’s faculty advisor, John Stephens. “He has given us tremendous support and has contributed numerous ideas to help make the club become the best it can be. Aside from the club itself, he has assisted us in making smart decisions for our career as well as answering our financial questions that we come to him with,” said Austin McIntosh.
The intensity is up for FMA’s upcoming 2020-2021 academic year as they plan to continue to bring in well-known professionals from the community to educate students on specific industries within the business world, volunteer within the community, travel to Michigan firms in the finance/accounting field, host fun engaging student events, and attend the 2021 Finance Leaders’ Conference. The student organization will continue to be a learning environment for students interested in accounting and finance, even if it’s not their degree focus.
“I think that the program in the School of Management can hold their heads high in the sense that our students are learning how to think and problem solve using the tools that are taught in class. I am very proud of this accomplishment and the club has certainly set a high standard for next year’s club,” said John Stephens.
Current members testimonials on why they joined FMA:
“ I joined the club because I really wanted to more involved on campus as a sophomore. I am an accounting major, and wanted to join an org that would compliment that but also broaden my horizons. Meeting new people was a bonus!“ – Hannah Hodgkinson, BBA in Accounting
“I was looking for a way to get more involved on campus. Although I am not majoring in finance, I thought it would be good to extend my knowledge in that field.” – Ciera Meier, Treasurer of FMA, BBA in Accounting and Minor in Criminal Justice
“I’ve always been interested in financial markets and the economy. As an economics major I wanted to add more depth to my degree. The club solidified the idea of adding a Finance minor to my degree.” – Mustafa Salim, Secretary of FMA, BA in Economics and Minor in Finance
“I was seeking a club that was not only related to my major but also as a way to get involved on campus, being that this is a crucial way to stand out to potential employers, and at the same time make myself a more well-rounded individual.” – Austin McIntosh, President of FMA, BBA in Finance
Interested in join FMA in the Fall 2020? Email Austin McIntosh at [email protected].
The University of Michigan-Flint’s School of Management now offers the most flexible MBA program around. Starting in spring 2020, the MBA program will offer a fully online completion path. The online MBA will enhance UM-Flint’s current evening and Net+ hybrid MBA course offerings. The University of Michigan-Flint’s online MBA allows students from around the world to receive the highly prestigious University of Michigan MBA education without leaving home. “Our online MBA courses offer students an incredible amount of flexibility in pursuing their degree. Students might pursue a degree that is primarily online with a mix of Net+ hybrid and traditional courses, or pursue a (the MBA) degree that is primarily Net+ and take advantage of an online course here and there when they need to. Faculty teaching online are making use of video conferencing and other tools to bring more of the traditional classroom feeling into the online learning experience,” said Dr. Greg Laurence, Associate Professor of Management.
University of Michigan-Flint MBA students will now have the opportunity to choose from three modes of MBA classes, making its flexibility unmatched. Students can choose from an evening class, which meets weekly, Net+ hybrid classes, which are mostly online with two-weekend campus sessions each semester and 100% online classes that require no campus visits. UM-Flint’s distinguished MBA professors teach in all three modes and are based on the University of Michigan-Flint campus. Dr. Clement Chen, Professor of Accounting says, “The online MBA program is taught by faculty who excel in online instruction. They are passionate about imparting knowledge and building rapport with students in an interactive online learning community. Professors care a great deal about students learning and are very responsive to the learning needs of students.”
Hello everyone! I am Za’Taia Shelby, and I am a junior double majoring in Accounting and Finance.
My 2019 Summer was dedicated to building the foundation to becoming successful in the classroom, employment opportunities, and overall as a person. In life, there are many stepping-stones before you get to the points that you want to reach. This is why this summer I worked 53 hours a week and while being enrolled in spring and summer classes full time. I worked at Dort Federal Credit Union as a Video Teller while also pursuing an Accounting Internship at Amigo Mobility. During the internship, I have worked side by side with the General Accountant which has allowed me to gain experience in various accounting fields. I have worked with accounts payable and receivable, and briefly with creating financial statements.
Even though my schedule was jam packed, I did make time to travel to Las Vegas, Mississippi, and Ohio. In Las Vegas, I attended the National Association of Black Accountants Convention (NABA) with our new student led NABA Chapter at the University of Michigan-Flint. I had over ten interviews with top companies for accounting/finance internships for the summer of 2020. After receiving five internship offers, I have accepted the Internship for the summer of 2020 with Dow Chemical Company. This summer I learned the importance of time management and making sacrifices to better yourself for a great future.
For the fall semester, I am most definitely looking forward to indulging into my BBA courses since these will essentially help me build the skillset for my dream career- Forensic Accountant. Now that I have attended the NABA Convention, I know that I have the constant support from scholars, graduates, or professionals -that have been in my shoes or that are currently in my shoes- to make sure I make it to the top. Therefore, this Fall semester I will reach out to more students with accounting majors so that they can know that they have this support as well.
My advice to all college students is to push yourself outside of your comfort zone. If it’s a course, employment opportunity, or extracurricular activity that you want to pursue but you are nervous about it- put your best foot forward and do your best. Also, never be afraid to ask questions! Whether its questions about cheap textbooks, help with assignments, stuff to do on campus, or tips about surviving college, DO NOT be afraid to ask. By using this advice, it helps make the college experience easier to navigate through so that you can then help the next college student have a smooth college experience.
Lastly, if you’re planning to major in Accounting- join NABA and GO BLUE!
Hi! My name is Alexis Menard and I am a fourth-year business student double majoring in Marketing and Organizational Behavior and Human Resources Management. I am also the Web and Social Media Assistant for the School of Management!
I love to be outside and that’s what I did for summer
vacations and time away from the office. In early June, my best friend and I
drove to the most visited National Park in the United States: Smoky Mountains
National Park. The scenic drive in the mountains was beautiful! It was both our
first time in the area and it was easy to find our way around the park in
Tennessee and North Carolina. Since it was early in the season, we got to see
11 bears and cubs. My favorite hike was going to the top of Mt. Le Conte, one
of the tallest points in the Smoky’s. It is 6594ft above sea level and a round
trip of 11.5 miles. It took us six hours to ascend and descend the 2700ft
change in elevation. I recommend everyone to go to this national park because
it has something for everyone: hiking, waterfalls, lazy river tubing, fishing,
biking, wildlife watching, and more!
The other trip I just returned from was visiting Maine and Acadia National Park. My boyfriend and I went to visit friends in Rockport, ME. While we were there we went paddle boarding, kayaking, hiking, shopping, and experienced all the seafood options they have. We also went to the famous Maine lighthouse featured in the Forst Gump film. Acadia reminds me of the Upper Peninsula with its rocky cliffs and huge waves. National Parks are one of the best things about the United States, and I’m excited I got to see two parks in a matter of months. It will be my goal to visit two national parks every year!
Lastly, the majority of the summer I have been working at SOM. I have been working there for a year and a half years and have been growing SOM’s presence on social media and activism within the Flint community. I have many duties at SOM like updating the website, posting on social media, writing articles, and planing and promoting events. Lately, I have been experimenting with different features like Faculty Fridays, aMAIZEing Alumni, Nichols & Dimes, Showcasing Success and now this wonderful summer feature for our amazing students! This summer I was able to make connections with a SOM alumni to set up a Huntington Weather Ball Tour with help from Antonio Riggs. The SOM staff were able to go see the Flint weather ball up close earlier this August and we are planning a date for a student tour. I am very lucky to have this position and to be able to connect with my peers and faculty members to highlight what it’s like to be in business at UM-Flint. I am planning on continuing to do more giveaways for students like the Egg Hunt winter semester and alumni participation contests. I’m always available to listen to new ideas, so reach out to me via email. I would love to chat and hear back from SOM’s audience!
My biggest advice to students is to get involved with SOM and follow SOM on Facebook, Instagram, Twitter, and LinkedIn! The School of Management offers great professional and networking events. I wish when I was a freshman that I was more involved and took advantage of opportunities that our school provides for students. Also, consider an employment opportunity on campus! I started out working the front desk at Human Resources when I was a freshman. I networked and made connections cross-campus which has opened many doors of opportunities within the Flint community and UM-Flint. If you ever need professional work guidance, speak to SOM’s student services coordinator, Antonio Riggs. He can help you with anything college throws at you like your first office job, elevator pitch, how you should present yourself to employers, and so much more!
My name is Benjamin Molter and I am a senior pursuing
an International Business Major, a Marketing Major, and a German Minor.
For a long time, I knew that I wanted to pursue a study abroad of some sorts during my college career and I finally made my dream a reality this past summer. At the end of May 2019, I packed my bags and flew to Germany to begin my journey! Over the summer, I stayed at our partnering university in Germany and I successfully completed an internship with private universities in Germany and Luxembourg. While working with the universities, I learned how to communicate with coworkers from around the world, conduct research more efficiently, and write proposals and emails catering to the businesses’ needs and wants. I would highly recommend an international internship because of all the unique benefits you get out of it. You get to live in the dorms in Germany for very cheap, possibly work in two different countries at the same time, learn a bunch about business outside the United States, and be able to travel often and efficiently.
When I wasn’t working, I was traveling nearly every weekend I was there. I would travel with other Americans who were also doing research at the university we stayed at. To save money, we would stay at hostels. Because of this, we met people from all around the globe which really broadened my perspective. I traveled to Germany, Luxembourg, the Netherlands, Belgium, Italy, Slovakia, Hungary, Croatia, and Austria. If I had to choose a favorite city, it would have to be Budapest because it was beautiful. The people were very friendly, there was a lot to do, the food was delicious, and it was very affordable.
What surprised me the most about the whole experience of traveling abroad was how well each country could speak English. Almost everyone from the age of 30 and down speaks English fluently on top of their native language(s) and another one based on what they learned in school. It really inspires me to continue to perfect my fluency in German as well as learning a couple other languages too.
The first thing that I took away from this summer was that to achieve what you want; you need to go out and take opportunities that come your way. I probably would not have done the internship this summer if I didn’t go out of my way to talk to people about it and complete all the work that was required for me to go. Though it was a bit pricey, I made it affordable by doing extra work and obtaining scholarships to help fund my expenses. The second thing that I took away from this summer was that you should travel often and make as many connections as you can. There is so much to see and do while traveling that teaches you so much about the world we all live in. Meeting and talking to people while traveling to different countries allows you to learn about the culture and history of each country more than staying in your home country.
What I am looking forward to most this Fall would be
continuing work with the International Business Student Organization (IBSO). We
are looking to expand our organization, creating interesting and new events, as
well as taking another trip sometime during the school year.
The University of Michigan-Flint’s School of Management is pleased to announce a new hosting agreement with the Mid-Michigan Economic Round Table of the Federal Reserve Bank of Chicago, Detroit Branch. The initial meeting was held on August 6, 2019 in the Riverfront Center. The group meets three times per year.
Senior Business
Economist with the Federal Reserve Bank of Chicago, Paul Traub, and Business
Economist with the Detroit Branch of the Federal Reserve Bank, Martin Lavelle, both
gave presentations centering on key economic indicators in the region. Following these presentations, regional
business leaders from banking, economic development, manufacturing, state
agencies, and universities shared their insights about the local and regional
economy.
School of Management Lecturer and Executive-in-Residence, Larry Nichols, helped coordinate the new School of Management meeting location for the group. Scott Johnson, Dean of the School of Management, noted “we are pleased and honored to host the Mid-Michigan Economic Roundtable. These distinguished individuals offer keen observations to help shape the Federal Reserve policy.”
The School of
Management is also once again hosting the Annual Economic Forum luncheon in
conjunction with the Flint Rotary Club on December 13, 2019 in the Northbank
Center Grand Ballroom. This annual event
features a panel of financial and economic leaders who will address current topics
affecting the U.S. economy. Please refer
to www.umflint.edu/som for additional information and
registration.
Three reasons why every person can’t have a million dollars when they retire: irrational decisions, uncontrollable misfortunes, or a missed opportunity.
Every person has access to the world market. When the internet became popular in the 90s, a friend and I decided to sell boat anchors. We established a website and sold boat anchors. To our amazement, we sold anchors to every continent in the world, except Antarctica. We discovered penguins don’t need boat anchors. I sold my anchors from Flint, Michigan and I didn’t know anything about the boating industry but we had the power to be able to connect to global markets and utilizing this new technology.
It was overwhelming to learn that there is a market for everything. To be successful, learn how to tap into that market. Use tools you already have like your cell phone or community resources, like a local computer lab. Do the research and figure out a way to get your idea or business into the market. Attend an event with the Innovation Incubator ([IN]) or have your idea assessed at 100K Ideas.
We have one of the most remarkable business economies in the world currently. People have more resources and opportunities now than at any time in the history of our world. I only see better things from here for those entering the marketplace unless they make irrational decisions.
Madison McCrum, BBA ’18 in Business Management with a focus in EIM.
Alumna, Madison McCrum, graduated from UM-Flint’s School of Management with a BBA in Business Management with a focus in EIM in 2018. Madison was involved with the Entrepreneurs Society and the Hagerman Center during her undergraduate studies. At the age of 22, Madison now works for a Fortune 500 company and has moved out of the state to work in North Carolina and Florida. She credits her decision to concentrate in entrepreneurship to her strong-willed personality. Having the go-getter attitude has impressed employers she has met. As our featured Alumna, Madison answers questions on why she chose UM-Flint, life after college, and advice for students interested in management.
Why did you major in BBA Management with a focus on Entrepreneurship?
I chose a BBA with a focus in Entrepreneurship because as a strong willed individual I knew I would need the knowledge to one day pursue my own company. As a recent graduate however, employers have commented on how they love grads with an Entrepreneurship focus because they are impressed with our confidence and willingness to be a self starter!
Why did you choose UM-Flint for your BBA?
Initially, I would have to say I chose UM-Flint because my mother is a nursing professor there. However, what made me stay was how much I was challenged, particularly in the Entrepreneurship Society, Business Law class, and the multitude of business competitions I participated in, which later on impressed employers.
What is one of your favorite experiences at UM-Flint?
One of my favorite experiences I would have to say is just the day to day banter I could have with professors on an academic and personal level. They helped me achieve awards (Hagerman’s Zillion Solutions: University Improvement) and question why I was choosing the path I chose. Was I going to be challenged or become bored? Where did I see myself in 5-10 years? How do I better others by bettering myself?
Why did you choose to go into the career path you are currently in?
I chose to work supply chain in corporate retail because I worked full time in retail all throughout college. I am given pretty much free reign of how I want to own my departments and manage my staff. I have to make the calls on inventory management, product shipment windows, and seasonality time frames. My boss calls it, “an entrepreneur within a corporate setting.”
What is one of your proudest accomplishments so far?
So far, my proudest accomplishment is not the fact that I have landed an amazing corporate job at 22 years old at a Fortune 500 company, nor moving to NC and FL for improving my career. My proudest accomplishment is that I can still call my favorite professor on campus, Dr. Witt, throw a scenario at him, and get his opinion. It’s the ties I have back home that make me most proud, that and Urban Meyer retiring.
What advice would you give students that are thinking of pursuing a career in Management?
My biggest words of advice would be to stay humble and hungry. No matter what goes on in your career, don’t burn bridges -including in college. Also, pursuing a management degree is phenomenal if you are willing to work very hard for it -stay hungry! You will only get what you put in for it. UM-Flint has more than enough opportunities for you to succeed.
Fun Facts
Since graduating, I have moved to North Carolina and Florida. I have adopted two black labs and love to go hiking! I am currently living in Florida and snorkel, go kayaking with manatees, or play beach volleyball with friends any chance I get! The coolest professor on campus is still my mom, Toni L. LaRocco (2nd place goes to Dr. Witt)! I am truly grateful for the memories I made UM-Flint -Go Blue!