CoM Welcomes Delta Mu Delta Inaugural Class

By Anna StodolaComments Off

On Saturday, April 5, 2014, the Lawrence Technological University College of Management welcomed its inaugural class of Delta Mu Delta inductees. Delta Mu Delta, international honor society in business, is an organization dedicated to recognizing students’ academic achievement in business subjects.

Dr. Betty Jean Hebel, regional representative for Delta Mu Delta, first installed the Nu Alpha chapter at LTU as an official chapter in the society. Following the installation, the chapter’s first honorary members were inducted into Delta Mu Delta. Nu Alpha’s initial honorary members are Dr. Virinder Moudgil, President of LTU; Dr. Maria Vaz, Provost of LTU; Dr. Anne Kohnke Assistant Professor in the College of Management and new faculty adviser for Delta Mu Delta, and Dr. Jackie Stavros, Professor in the College of Management. These four honorary members were chosen based on their commitment to student success and dedication to the College of Management’s overall mission.

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After the honorary induction, Dr. Hebel and Dr. Kohnke welcomed 28 undergraduate, graduate, and doctoral students into membership in Delta Mu Delta. The criteria for induction into Delta Mu Delta as an undergraduate student is a cumulative GPA of at least 3.2, completion of at least 50 percent of the required credits toward their degree, and completion of at least 24 credits at LTU. Graduate and doctoral students must have completed at least 50 percent of the required credits toward their degree and must have a cumulative GPA of 3.85 or higher. All candidates for membership in the society must also be in the top 20 percent of their class.

DeltaMuDelta29

Following the student induction and dinner, President Moudgil delivered a brief address entitled “Managing Institutions in a Global Society.” During his keynote address, Dr. Moudgil spoke to our inductees and their families about the importance of developing and utilizing their skills in both domestic and international venues.

President_Moudgil

 

Congratulations to all of our students who were inducted in recognition of their outstanding academic success! We look forward to the future of Delta Mu Delta on LTU’s campus!

Delta Mu Delta

Mr. David Broome (MSIS ’96) – Presents to MBA 6073 Global Strategic Management For Alumni Week

By Frank WilsonComments Off

David BroomeClass Picture

On 18 Mar, 2014 students from the Global Strategic Management class under the direction of Dr. Shahram Taj were provided the opportunity to hear a presentation from Mr. David Broome, an executive with DTE Energy. As part of “Alumni Week” Mr. Broome not only shared his experiences from his impressive list of credentials, but provided the class an in depth look at a real world strategic focus from which to reflect.

I was thoroughly impressed with both the presentation and the presenter as Mr. Broome walked the students through a top level overview of the company’s strategic vision, all the way to the various divisions that make up DTE. I sincerely appreciate the presenter’s willingness to share his knowledge and experiences as well as his ability field some tough questions at the conclusion. The experience was extremely worthwhile, and it is my hope that the college of management will continue to pursue relationships with industry leaders to inspire the next generation of management professionals.

Alumni Week, Courses

Martin Monte (BSET ’98, MBA ’11) Presents to MBA Students for Alumni Week

By Sheila ThomasComments Off

Strategic Global Management group photo

Alumni Week at Lawrence Technological University was fulfilling for MBA students in Dr. Shahram Taj’s Global Strategic Management class.   On Monday, March 17th, students in the class, most which will be graduating with their MBA’s in May of this year, had the pleasure of receiving a presentation from Martin Monte who is the Engineering Group Manager in the Body Test Laboratory at General Motors North America.  Monte, who attended LTU for both undergraduate and graduate school, told the students how valuable his LTU education has been during his 29-year stint at General Motors.

Monte received his Bachelor’s of Science in Engineering Technology in 1998 and returned to school seven years later, right in the middle of his General Motors career, to obtain his Master’s in Business Administration, which he received in 2011.  During Monday’s presentation, Monte told the MBA students how he has been using his MBA education at his job at GM.  He said that he uses knowledge in the fields of global leadership, global strategic management, management controls and human resources management.  In addition, he uses skills that he developed, as it relates to change management, management information systems and the design and implementation of new products, processes and systems.

Monte not only told the students that his worthwhile MBA degree is being put to use at GM, but he also told students a little about the GM’s global and regional strategies, enabling the students to appreciate and understand how global strategic management is being implemented at GM.   The presentation was very helpful to the students.  One student, Daphne Joachim, was very interested in Monte’s advice for those engineers who also have an MBA.   According to Joachim, “Marty was a Godsend to our class. He’s an engineer with an MBA and I’m an engineer about to complete my MBA.  He gave me advice on crafting my approach to employers and how to show them where my background could be useful.   I’m happy to say he’s a permanent addition to my Linked-In network now.”

Monte’s presentation not only helped the students understand how valuable his MBA education is, and how he is putting it to use at GM, but he also helped the students understand the value of getting that MBA from LTU.   The presentation was an informative and worthwhile example of how an LTU MBA graduate is using his MBA education in an exciting and rewarding career.  In addition, the presentation also helped students understand how a global company like GM is applying the lessons they have learned in Dr. Taj’s Strategic Global Management class.

Alumni Week, Courses, Uncategorized

Novatis Group Case Study Comes to Life for LTU MBA Students

By Sheila ThomasComments Off



On Monday, February 10th, 2014, under the professorship of Dr. Shahram Taj, several  Lawrence Technological University  (LTU) students presented the Novatis Group,  A Moroccan diaper and hygienic paper products manufacturer, for a case study assignment [Emerald Emerging Markets Case Studies, 2012] for their Global Strategic Management Class (MBA 6073).  A welcome addition to their case study, was the presence of the Novatis Group’s Chief Marketing Officer, Souheil  Badaa, who listened and watched, via videoconferencing, as two groups of students presented their findings and recommendations.

The students were assigned to read a case study on the Novatis Group, which honed in on their Dalaa brand of disposable baby diapers.  The case study had students applying what they learned in the class and using their critical thinking skills to analyze the case, in order to present their findings and recommendations for the Novatis Group’s diaper products.

Dr. Taj, Professor of Business Administration at LTU crossed paths with Badaa when Badaa was an MBA student at the University of St. Thomas, where Taj was teaching.  In 2011, they both facilitated a group of students to go to Badaa’s native Morocco in order to conduct the live case study.

Badaa, who was a welcome guest during the February 10th presentations, provided the class with an overview of his background, some information on the Novatis Group, and his thoughts about studying business in the United States.   After he talked, students delved right into their presentations.   Students then had the once-in-a-lifetime opportunity to hear from someone who is an integral part of the company that they studied, as Badaa gave positive and constructive feedback to their presentations.

One student, Daphne Joachim, was on a team of students who suggested that the company take part in the disposal of the diapers in an effort to become more sustainable.   Joachim thought that the opportunity to make recommendations to the Chief Marketing Officer of the company that she and her team studied, was an amazing one.  “This case presentation to a company’s executive – it was like having my first consulting job,” said Joachim.  “Making the presentation to Mr. Souheil  Badaa made me feel  heard and valued,”  she continued.   “I’m proud of the recommendations we made regarding managing the disposal of diapers in Morocco.  Even if it can’t be implemented right away, we’ve planted a seed.”

The Global Strategic Management class is the last class that MBA candidates have to take in order to receive their degree.   Dr. Taj teaches two different sessions of the class, on Mondays and Tuesdays, at LTU.

Courses, Uncategorized

Advanced Statistics Using Mplus: CFA, Mediation and Structural Equation Modeling

By Matt ColeComments Off

Assistant Professor Dr. Matthew Cole from the Department of Management and Marketing presented an overview of advanced statistical analyses using Mplus software during two lectures this summer: Mplus lecture #1 and Mplus lecture #2. Dr. Cole will be reviewing CFA, mediation and moderation analyses using Mplus and Minitab in the Spring 2014 RES7033 class with DBA students.

Students are encouraged to install the demo version of Mplus and begin learning how to conduct advanced analyses for their research.

 

 

Uncategorized

The Science Behind the Obama Campaign E-Mails

By Matt ColeComments Off

As reported by Joshua Greene on November 29, 2012 in Bloomberg Businessweek, Obama raised a large amount of the $690 million donated online via fundraising e-mails. The success of the fundraising e-mails may be related to the rigorous experimentation and testing by Obama’s in-house team of digital analytics. As reported in the Greene article, the team of analysts did extensive A-B testing on such components of an e-mail as the subject line, the message and the formatting. Their approach to the science of marketing involved testing as many as 18 e-mail drafts, with the most effective subject lines being those with a casual tone that you might actually receive from a friend. Other outcomes of the A-B testing were somewhat counterintuitive: plain-text links vs. pretty ‘Donate’ buttons, ugly yellow highlighting, and mild profanity were the most effective in raising money.

Marketing

How to Interpret Polls–Do Not Forget the Margin of Error and the Sample Size

By Matt ColeComments Off

With the U.S. presidential election on November 6, we are presented with an ever increasing onslaught of political polls and their results. To make a proper interpretation of a poll’s results, three additional variables should be specified in addition to the proportion results: the poll’s margin of error, the desired level of confidence, and the sample size. In this brief essay, I will review the math behind the margin of error in polls to help you with interpretation of polls.

Background Information
The purpose of a poll is to estimate the opinion or behavior of a population from a sample. We work with a sample since contacting the entire population is too time consuming, often too expensive, and can be physically impossible. Several methods of sampling are used, and simple random sampling, systematic sampling, stratified sampling, and cluster sampling are the most widely used methods.

After the sample is selected from the population, a statistic computed from sample information estimates a population parameter.  The statistic computed from the sample that estimates the population parameter is called a point estimate. As an example, the sample mean, , is the point estimate of the population parameter, μ, the population mean. For polls, the sample proportion, ρ, is the point estimate of the population parameter, π, the population proportion.

How Close is the Point Estimate to the Population Parameter?
We now come to the essence of this essay–the confidence interval estimate (CI). A confidence interval estimate is a range of values constructed from sample data so that the population parameter is likely to occur within that range at a specified probability. The specified probability is called the level of confidence, and in most cases of poll results, the level of confidence is set at .95 (i.e., a pollster has a 95% confidence that the true measurement lies within the margin of error). Putting all of this together gives us the following equation:  CI = point estimate ± margin of error

Accordingly, the CI is determined from the margin of error. You’ve seen the margin of error in some poll results, e.g., “The poll has a margin of error plus-minus 3.1 percentage points for the sample.” If the poll determined that ρ = .5, then the CI would be 50% ± 3.1% = 46.9-53.1, i.e., a pollster has a 95% confidence that the true poll results are 46.9% to 53.1%

I will now show how the margin of error is used to determine a poll’s CI and sample size.

How Is the CI Determined in a Poll?
To determine the CI in a poll, we will use the following formula to compute the margin of error: z * standard error. Mathematically, this formula is expressed as:

In this formula, z defines the level of confidence. In polls, the 95% level of confidence gives us a z score of 1.96. Also in polls, we determine the standard error as the maximum standard error by setting the proportion at 50% (ρ = .5).

We plug in these numbers to determine the margin of error at the 95% level of confidence:


Polls that we see in the media use the 95% level of confidence in determining the margin of error. However, statisticians also determine the margin of error using the 90% and 99% levels of confidence, although the 95% l.98evel of confidence is the most common. The margin of error for the 90% confidence level is calculated using a z score of 1.65:

For the 99% confidence level, the margin of error is calculated using a z score of 2.58:

How Is the Sample Size of a Poll Determined?
I noted above that the purpose of a poll is to estimate the opinion of a population from a sample. As researchers, we are interested in the generality of the data in terms of the number of subjects in the population to which the results apply. If a poll has a margin of error of 3.1%, we can use the formula for the margin of error to estimate the size of the sample:

A recent poll from NBC News/Wall Street Journal reported the following poll results:

Obama is ahead of Romney by five points, 49 percent to 44 percent. The full poll was conducted Oct. 17-20 among 1,000 registered voters. The poll has a margin of error plus-minus 3.1 percentage points for the sample of registered voters.

According to the formula above, we can see how the margin of error was calculated from the sample size of n = 1,000 registered voters.

Putting it All Together
A new TIME Poll has Obama holding a 49% to 44% lead over Romney in Ohio. The poll’s margin of error is plus or minus three percentage points. How do we interpret the results of this poll?

First, we estimate the sample size: n = (.98/.03)² = 1,067.

Second, we estimate the CI around each point estimate at the 95% level of confidence. Obama: 46-52     Romney: 41-47.

Finally, we decide that according to the results of this particular poll, a sample of 1,067 people in Ohio are equally likely to vote for Obama or Romney 95 times out of 100 (because the CIs overlap).

Conclusion
I wrote this essay to provide some clarity and perspective on election polls by reviewing the statistics behind polls. I emphasized that the result of a poll must be interpreted along with the poll’s margin of error so that the sample size and CI can be determined.

For more information on the science of polls, check out Nate Silver’s book The Signal and the Noise: Why So Many Predictions Fail-But Some Don’t, and Nate Silver’s blog FiveThiryEight

Uncategorized

US nonprofit sector is a job creator

By College of Management2,841 Comments

October 24, 2012
Jerry Lindman, JD

This article in CNN.com (Look to nonprofit sector to create jobs, CNN Oct 19, 2012) makes the case for the resilient job creating ability of the US nonprofit sector over the last decade, even in this slow-growth economy. Though not a surprise to some (including our LTU graduate nonprofit students), many are still unaware of the dramatic growth in the nonprofit sector and the employment opportunities that exist.  Here are some key points the author makes:

  • “the nonprofit sector employs about one in 10 American workers…..the third largest labor force behind retail trade and manufacturing.”
  • “According to a recent study the U.S. nonprofit sector posted a remarkable 10 year record of job growth despite
  • two recessions, achieving an annual growth rate of 2.1% from 2000 to 2010…..for-profit jobs declined by 0.6% per year during the same period.”
  • The same study showed that “even during the recession from 2007 to 2009, nonprofit jobs increased by an average of 1.9% per year. At the same time, businesses averaged jobs losses of 3.7% per year.”
  • “While nonprofits are known for employing social workers, they also need managers, human resource professionals, educators, artists, computer programmers, marketers, accountants…researchers…and many skilled workers.”

This author closes by calling of the next President (and Congress?) to do five things to support nonprofit job growth: (1) maintain tax deductions for donations and on estate tax; (2) incentivize nonprofit education and careers; (3) expand national service via the proposed ‘Serve America Act’ (4) Invest in social entrepreneurship to promote innovation in the nonprofit sector and (5) expand tax incentives for financing of small business to nonprofits.

From my work with nonprofit organizations and their leaders, growth is just one of the major forces causing transformation of how charitable organizations operate. Because of these dynamic times, what is most needed are newly educated and trained nonprofit managers who can blend the unique nonprofit management competencies with new business-influenced strategies that support diversification of their revenue sources to include more earned income. Coincidentally, that is the topic my students are addressing this week in my graduate course in nonprofit management.

Nonprofit Management

DBA Student, Lihua Dishman, Presenting her Research at the Great Lakes Conference on Teaching & Learning

By Anne Kohnke3,436 Comments

Lihua Dishman, a DBA student in Cohort 8, presented the conceptual part of her qualitative inquiry on exemplary online adult learners at 2012 Great Lakes Conference on Teaching & Learning in May at Mt. Pleasant, MI.  This study utilizes the existential phenomenological inquiry method, which focuses on reporting lived experiences that are grounded in existence. Data collection relies on the perceptions of the participants–the 30 university instructors.  The findings of this study thus may reflect the personal biases of these participants.  The concept of an Exemplary Online Adult Learner needs to be further explored and refined.  The effect of key characteristic factors of an Exemplary Online Adult Learner on achieving learning outcomes of individual courses and the entire degree program warrants further research through larger samples.

Lihua Dishman, DBA Student in Cohort 8

The Global Leadership course, one of her first classes in the DBA program, inspired her research interest.  Both the Introduction to Doctoral Research and Qualitative Research courses empowered her with the necessary tools to complete the conceptual part of this exploratory inquiry.  Lihua’s presentation is a powerful testimonial for LTU and COM’s education philosophy of linking theory to practice.

Conference Presentations, Doctoral Student Scholarship

Lunch-Network with Foundation Professionals – LTU – Sept 25

By College of Management3,364 Comments

Jerry Lindman

The LTU Center for Nonprofit Management is pleased to be hosting the annual Lunch With Leaders of the Emerging Practitioners In Philanthropy of Michigan at Lawrence Tech, UTLC Gallery, on Tues. Sept 25, 12:00-2:00pm.  I highly recommend attending this lunch & networking event to anyone who seeking to learn more about Michigan philanthropic and foundation world.   Lunch will be included in your registration fee of $5; register at: http://www.eventbrite.com/event/4172863146

The speakers are Derek Aguirre, Executive Director of Racquet Up Detroit and Doug Stewart, Executive Director Max M. and Marjorie S. Fisher Foundation.

About Lunch With Leaders (LWL): LWL is an annual statewide event is provided by Emerging Practitioners In Philanthropy of Michigan[Jerry Lindman]  (EPIP-Michigan); Email: epipmichigan@gmail.com or visit http://www.epip.org/chapters/michigan

Nonprofit Management
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