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Mays Business School receives largest single commitment in school’s history from Mays Family Foundation

Mays Business School, April 10th, 2017

In support of Mays Business School at Texas A&M University, the Texas A&M Foundation has received a commitment of $25 million from the Mays Family Foundation, the largest single commitment in the school’s history. The gift is part of an overall lifetime giving of $47 million, including a $15 million commitment in 1996 that resulted in the school’s renaming to Mays Business School.


The $25 million contribution will develop students’ entrepreneurial capabilities through a new Lowry Mays Entrepreneurial Leadership Academy program with the Center for New Ventures and Entrepreneurship, and will support several areas of innovation in Mays Business School, including the proposed expansion of the school’s headquarters, the Wehner Building, and the school’s study abroad programs.

…Read more

Mays Business School is committed to advancing the world’s prosperity. In part, achieving this vision is attained by creating impactful knowledge, knowing that the more challenged students are in class the more they will be prepared to initiate inspirational change as alumni. Mays is actualizing this undertaking by stressing the importance of enhancing research through two classes that are being offered during this upcoming school year.

One of the courses focuses on graduate-level academic research, while the other introduces undergraduate students to methods for researching material through the lens of business research. R. Duane Ireland, executive associate dean and University Distinguished Professor at Mays, said the courses will serve a greater purpose for Mays graduates.

“Learning is an important objective that drives Mays’ faculty members as they engage in academic research. In this regard, we know that to be successful, business people must strive to consistently learn more about the needs of customers, employees, suppliers and the local communities in which they work and live,” Ireland said. “Similarly, in addition to developing new knowledge, academic researchers are committed to learning about practices that when effectively followed, have a strong probability of helping business people and their firms create value for those they serve. We are indeed pleased that courses are now available to Mays’ students through which they will learn about the purposes of academic research and how it can help them understand how to be effective leaders throughout their careers.”

Introduction to Academic Research

The accounting department is offering a new course called an “Introduction to Academic Research,” which will be taught by Associate Professor Nate Sharp. Its purpose is to encourage students to consider pursuing a Ph.D. in accounting through introducing them to scholarly research. It also includes a discussion element regarding what to expect from Ph.D. programs and how to succeed both in the classroom and as a professor.

Students will hear from guest speakers on why they chose to pursue a Ph.D. and how it impacted their careers. The immediate interest in this innovative course resulted in an enrollment that quickly exceeded the number of classroom seats that were initially available. So many students were eager to participate in this course, the interest surpassed the capacity of the class. Sharp hopes that while teaching the course, he “will be able to persuade them (students) that the scope and novelty of accounting research goes way beyond what they have learned in their undergraduate and even master’s classes about accounting.”

This course is being offered to fifth-year accounting students in the department’s Professional Program (PPA). PPA is a five-year program that offers students the opportunity to simultaneously earn a Bachelor of Business Administration in Accounting and a Master of Science in Accounting, MIS, Management, Marketing, or Financial Management. Students in this program can learn from Sharp about the importance of academic research and the role that it plays in a university setting.

It will debut in the Fall 2017 semester.

Applied Business Competencies: Mays Business School Faculty Research

Business research is everywhere, from newspapers to journals to viral social media content. Used well, it can help firms make prudent financial investments, install talented leadership and shape successful advertising campaigns. It can also help everyday shoppers make more informed decisions and even provide rewarding opportunities for a potential career path as an academic researcher.

Yet many college students, outside of Ph.D. tracks and academic circles, are unfamiliar with business research. For them, research is esoteric at best; at worst, uninteresting.

But Stephen (Steve) Courtright, an assistant professor of management, hopes to change those perceptions. He designed an elective course “Applied Business Competencies: Mays Business School Faculty Research” to help make the world of academic business research more accessible to undergraduate and graduate students. The course launched in Spring 2017.

Through the one-hour-credit course, Courtright said he hoped to show students that business research is incredibly relevant for society. “What not everyone knows is that business research is like medical research; it has the potential to affect the quality of people’s lives,” he said. “It can improve how business is conducted and how organizations are run. This makes for a better work environment for everyone involved.”

He also explained that the life of the researcher is like an entrepreneur – and it comes with similar rewards. “Researchers are not just question-askers; they are problem solvers, and you have total freedom pursue the questions and problems that most interest you.”

During the first few weeks of the course, Courtright helped students understand what business research is. Students also learned to look past sensational headlines and questionable sample sizes to evaluate whether research is useful or not. The remaining few weeks of the course, Courtright invited professors from the various Mays departments as guest speakers to present on their own research pursuits and passions.

Participating professors included Nate Sharp,  an associate professor of accounting; Matthew (Matt) Call, an assistant professor of management; Shane Johnson, a professor of finance; Subodha Kumar, an associate professor of information and operations management; and Leonard Berry, University Distinguished Professor of Marketing.

At the end of the semester, students wrote reflections on what they had learned during the semester.

Colton Bucey said the course helped him better see that the role of a researcher is like an entrepreneur. “Coming into this course, I thought I had a solid understanding of what professors’ jobs were like; I thought that professors each lectured for a few hours every week, held office hours, graded assignments and then were finished,” he said. “Actually, at any given time, professors can be working on numerous research topics. They are more or less their own bosses and have extreme flexibility in when/where they chose to work.”

Lauren Abiog, a business administration freshman, reflected on Berry’s presentation on his healthcare industry research and how it opened her eyes to the greater good that many researchers hope to realize. “Dr. Berry’s purpose in researching is to help improve the quality of life of others,” she said. “What a selfless and purposeful reason to live for!”

Courtright said he hopes the course will gain momentum with students in the coming years. “I want more students to be thinking about research as a career,” he said. “Even if they choose not to pursue it as a career, it will give them an appreciation for what faculty like those at Mays do for a living.”

The course is set to be offered in future spring semesters.

By creating these two classes, Mays is providing a platform where professors can instill in students an interest in research that will extend past the four years that they are in college. It has the chance to influence learners to become more intellectually curious, which in turn increases their ability to develop innovative approaches to pursue while seeking to advance the world’s prosperity.

Caitlin Nutt ’19 contributed to this story.

 

 

 

 

Categories: Accounting, Departments, Featured Stories, Management, Mays Business, News, Research, Students, Texas A&M

For Roger Montemayor ’99, entrepreneurship is synonymous with confidence.

His guiding question is simple: “Do you believe enough in yourself to take on great risk for great gain?”

Believing in himself to take risks has been integral to his success in taking the helm of his father’s company, Victory Insurance, and growing it to the point of attracting the attention of the one of the largest brokerage firms in the world, Arthur J. Gallagher, where he is now area president.

Since he was a college student majoring in business management, he has had all the makings of an entrepreneurial spirit — drive, passion, and a love of leading others to accomplish great things.

“I knew early on that I wanted my performance to control my destiny and took a job offer from my dad to work in sales,” he said. He worked for his father’s company Victory Insurance selling commercial property and casualty to businesses in around the Houston area.

In 2009, Montemayor decided to purchase the agency from his dad and his partner.

“Immediately after he closed, I formulated a plan to diversify our business and focus heavily on growth. I created a personal lines division, that focused on high net worth, complex personal insurance needs. I also opened up a group benefits division, Victory Benefits Advisors.”

Montemayor said that both of these divisions created instant organic growth for the company. By 2016, he had doubled the top line growth of his agency.

Montemayor said he has always had a passion to build business and to lead. “I think it’s because I love the pressure, I love the hustle, I love competition and I’ve never been complacent.”

Montemayor easily recalls a highlight of his career: In 2016, when Fortune 500 company Arthur J. Gallagher sought out with interest in a merger.

The rewards of his endeavors with Victory Insurance have been vast for Montemayor, especially when it comes to the people with whom he works. “I love the responsibility of taking care of my employees,” he said. “It’s extremely fulfilling to know that if I do my job the way that I should, many others will also share in the success.”

Montemayor also underscored that his background Mays has been invaluable in helping him succeed. “The environment at Mays promoted competition and cultivated a drive that prepared me for the real world.” He credited the community of professors and mentors who were attentive to his preparation and growth.

He added that that the strength of the Aggie network has been crucial. “As Aggies, we take care of each other and we do business with each other. I’ve created so many professional relationships with Aggies, it’s unbelievable.”

 

 

 

Categories: Alumni, Center for Executive Development, Entrepreneurship, Management, Mays Business, News, Spotlights, Texas A&M, Uncategorized

Aspiring veteran entrepreneurs will receive small business management training at Texas A&M University during the annual Entrepreneurship Bootcamp for Veterans (EBV) July 15-22. This year’s program marks the 10th anniversary of EBV at Texas A&M and comes with a new title and partner. Veterans will come to the College Station campus to leverage valued skills from military service in pursuit of business ownership.

Founded in 2007 at the Institute for Veterans and Military Families (IVMF) at Syracuse University, EBV has now expanded to include ten world-class universities, including Mays Business School at Texas A&M. These 10 institutes of higher education deliver EBV to post-9/11 veterans who desire to develop the skills and tools needed to launch and maintain successful businesses. Assistance from the U.S. Small Business Administration (SBA), corporate partners, foundations and private donors allow participants to attend the program cost-free.

This year’s program at Texas A&M is renamed Reynolds and Reynolds Entrepreneurship Bootcamp for Veterans Program to recognize a $2 million dollar endowment provided by the Reynolds and Reynolds company to support EBV at Texas A&M. The gift is part of Texas A&M’s “Lead by Example” campaign that launched in 2016, and celebrates the tenth anniversary of EBV’s success at Texas A&M.

Reynolds and Reynolds has always been a strong partner of Mays Business School, consistently recruiting talent from Texas A&M and as a founding partner of the Mays Professional Selling Initiative. As a company, Reynolds and Reynolds provide automotive retailing solutions for car dealers and automakers in the U.S., Canada, U.K. and Europe. It is headquartered in Dayton, Ohio with more than 4,300 associates worldwide.

EBV is a three-phase program, beginning with a three-week online instructor-led course where participants shape business plans and learn business language. During the second phase, participants will complete an intensive eight-day residency at a university, learning the ‘nuts and bolts’ of business ownership from established entrepreneurs and educators. Following the residency, EBV graduates will receive access to a year-long support and mentorship program through EBV Technical Assistance — managed by the IVMF.

Visit ebv.vets.syr.edu for more information on EBV.

Media contacts:

Shanna Spencer, Program Manager, CNVE

(979) 845-0619, sspencer@mays.tamu.edu

or

Kelli Levey Reynolds, Mays Business School

(979) 845-3167, klevey@mays.tamu.edu

About the Entrepreneurship Bootcamp for Veterans (EBV) The Entrepreneurship Bootcamp for Veterans with Disabilities (EBV) is a first-of-its-kind initiative that transforms veterans into entrepreneurs. Delivered by the Institute for Veterans and Military Families (IVMF) at Syracuse University, the EBV leverages the skills, resources and infrastructure of higher education to offer cutting-edge, experiential training in entrepreneurship and small business management to post-9/11 veterans and transitioning service members with service-related disabilities. Founded at Syracuse University in 2007, the program has since expanded to nine additional universities across the U.S., including Cornell University, Florida State University, Louisiana State University, Purdue University, Saint Joseph’s University, Texas A&M University, University of California, Los Angeles (UCLA), University of Connecticut and University of Missouri.  Assistance from the U.S. Small Business Administration (SBA), corporate partners and donors allows participants to attend the program at no cost. For more information, visit ebv.vets.syr.edu and follow the Entrepreneurship Bootcamp for Veterans with Disabilities on Facebook Twitter and Instagram.

About the Center for New Ventures and Entrepreneurship

Through a combination of entrepreneurial-focused curricular and experiential opportunities, The Center for New Ventures and Entrepreneurship (CNVE) seeks to enhance the livelihood of Texas A&M University and the greater community. Since its inception in 1999, the Center for New Ventures and Entrepreneurship (CNVE) has served as the hub of entrepreneurship for Texas A&M University.

Our goal is to enhance student education by providing training, networking, and assistance to enterprising students, faculty and alumni. With the support of our volunteer network, corporate supporters, faculty, and staff, CNVE has been able to provide business start up acceleration, competitive opportunities, work experiences, and financial support to aspiring entrepreneurs in the Aggie community and across the world. For more information about the EBV Program at Texas A&M, visit ebv.tamu.edu.

About Texas A&M University and Mays Business School

Texas A&M University, currently enrolling more than 45,000 students, is the oldest public university in the state. One of its most cherished traditions and legacies is the Corp of Cadets. With the exception of the service academies, A&M’s Corps makes up the nation’s largest uniformed student body, with approximately 1,800 students participating, and annually commissions more officers than any other institution. To date, more than 220 former cadets have achieved the rank of general or admiral. Since 1968, Mays Business School has been training ethical business leaders to impact the global society. Mays is nationally ranked among public business schools for the quality of its academic programs and faculty scholarship and currently enrolls more than 4,000 undergraduate students and 875 graduate students. Mays is home to seven centers that advance innovative theory and best practices in a broad range of business functional areas including new ventures and entrepreneurship. These centers offer a direct connect for faculty and professionals to collaborate on research, and for students to be exposed to ideas advancing business today.

About the Institute for Veterans and Military Families at Syracuse University

The Institute for Veterans and Military Families (IVMF) is the first interdisciplinary national institute in higher education focused on the social, economic, education, and policy issues impacting veterans and their families. Through its professional staff and experts, the IVMF delivers leading programs in career, vocational, and entrepreneurship education and training, while also conducting actionable research, policy analysis, and program evaluations. The IVMF also supports communities through collective impact efforts that enhance delivery and access to services and care. The Institute, supported by a distinguished advisory board, along with public and private partners, is committed to advancing the lives of those who have served in America’s armed forces and their families. For more information, visit ivmf.syracuse.edu and follow the IVMF on FacebookTwitter and Instagram.

 

Categories: Center for New Ventures and Entrepreneurship, Centers, Entrepreneurship, Featured Stories, Management, Mays Business, News, Texas A&M

Texas A&M University is tied with the University of Michigan for having the most graduates currently serving as CEOs of Fortune 500 companies, according to a new Fortune magazine study.

With four former students serving as CEOs of some of the largest companies in the United States, Texas A&M has the most of any university in Texas and is only matched by the University of Michigan. Other schools on the Fortune list include Cornell University and Harvard University, both with three CEO graduates.

Texas A&M also is the only Texas school in the survey with a CEO on Fortune’s Top Ten list. Darren Woods, CEO and chairman of Exxon Mobil, studied electrical engineering at Texas A&M and is a 1987 graduate. His wife, Kathryn Woods, is also a 1987 Texas A&M graduate who earned a degree in accounting from Mays Business School.

This year’s Fortune list also includes Bruce D. Broussard, CEO of Humana, Class of 1984; David M. Cordani, CEO of Cigna, Class of 1988. Both Broussard and Cordani earned degrees in accounting from Mays Business School.

“Texas A&M has always been committed to developing leaders of character and the mission of Mays Business School is to develop transformational leaders,” says James Benjamin, head of the department of accounting at Mays Business School. “Beyond that, accounting is often referred to the language of business and graduates are well positioned for success is all aspects of organizations. Both Mr. Broussard and Mr. Cordani worked as auditors with major public accounting firms and became CPA’s before transitioning to the corporate world. Many believe that the discipline and work ethic required in public accounting provides good preparation for leadership roles in business.”

Not included in this year’s survey is Jeff Miller, who was recently appointed as president and CEO of Halliburton Co.  Miller received an MBA from Mays Business School in 1988.

Read more here: http://today.tamu.edu/2017/07/05/texas-am-heads-fortune-magazine-ceo-list/

Categories: Accounting, Alumni, Departments, Entrepreneurship, Featured Stories, Former Students, Mays Business, MBA, News, Texas A&M

Tips for the academic leader — and those who aspire to be one — on how to cultivate donors

Eli Jones, business dean at Texas A&M, speaks at a corporate-relations event. His advice regarding donors: “Get to know their hearts. What is it they’re intending to do?”

The Chronicle of Higher Education

Phil Bailey had a less than favorable idea of fund raising when he became dean of the College of Science and Mathematics at California Polytechnic State University at San Luis Obispo in 1983, a time when the university was just starting to solicit donations. To him, asking donors for money seemed intrusive and unwanted, “like those calls you get while you’re trying to eat dinner.”

Fast forward more than three decades, and the long-serving dean has helped bring in millions of dollars to the college and the university, including a $110-million gift, announced this spring. It was the largest gift ever for the institution and the California State University system. …Read more

Categories: Dean Eli Jones, Donors Corner, Featured Stories, Mays Business, News, Texas A&M

The Aggie Real Estate Network (AREN) is hosting its 40th Annual Conference July 27-29 Bryan/College Station’s newest luxury hotel, the Stella Hotel located at Lake Walk at Traditions Golf Club.

The celebration of the AREN’s accomplishments culminates each year at the Annual Real Estate Conference. This event’s primary focus, since its introduction in 1977, is on continuous education and fundraising. Members satisfy their goal by inviting real estate professionals to College Station and providing them with the opportunity to learn, celebrate, and network with peers.

Since this year marks the 40th anniversary of the original conference, the event begins with a commemorative reception on Thursday evening. It will be followed by speakers and networking opportunities on Friday and Saturday.

For additional information, visit https://aggierealestate.aggienetwork.com/annual-conference/2017-registration/.

What differentiates AREN is the support from its members. Many affiliates serve as mentors to graduate students, host various conferences in the pursuit of lifelong education, and fundraise to create scholarships for students. The organization has raised more than $350,000, with $225,000 of that being awarded to outstanding students.

Mays Executive Professor Cydney Donnell, who is director of real estate programs, is coordinating the conference. A big part of the conference’s purpose is to raise funds in support of the real estate education efforts at Texas A&M,” she said. “Students have benefited greatly from both endowed scholarships and funding for educational events and trainings.”

How the network evolved

Students in the Master of Land Economics and Real Estate (LERE) Program created what is now known as the Aggie Real Estate Network (AREN). Their hope was to establish an organization where students could connect and network with those who had similar interests. These students originally called the organization The Association of Texas Real Estate Economists.

Master’s students who were accepted into the LERE Program were working toward a degree from the College of Agriculture. As finance became a more prominent feature of the real estate industry, the program was transferred to Mays Business School and the name was changed to the Master of Real Estate Program.

There are still close ties between the Master of Real Estate Program and College of Agriculture. The streamlined academic option, 4+1, was created for top students in Agricultural Economics who were interested in obtaining a Masters in Real Estate. The program allows students to register for essential agriculture courses and collaborate with students who are enrolled in a similar program in the College of Architecture.

Typically, the Master of Real Estate Program accepts 30 to 45 students annually and provides them with countless opportunities after college. Numerous students go on to work in banking, mortgage finance, retail site selection, investing, and agricultural appraisal. While graduates venture into the professional world, many continue to stay connected to Texas A&M through membership in The Aggie Real Estate Network.

 

 

Categories: Alumni, Centers, Departments, Faculty, Mays Business, News, Programs, Real Estate, Texas A&M

Texas A&M University’s military heritage, combined with its world-class business school, makes it the ideal place for today’s veterans to prepare for a career beyond the armed forces. To that end, Mays Business School’s Center for Executive Development is launching the Veteran Accelerated Management Program (VAMP) in partnership with the VETTED Foundation to help high-performance U.S. military veterans transition to the business world.

(Watch a video here)

This program enhances Texas A&M’s well-established reputation as one of the Best Colleges for Veterans. “Our armed forces have displayed their commitment to our country through their many years of service,” said Texas A&M University System Chancellor John Sharp. “This program is one way that Texas A&M can salute their service and help these proven leaders successfully enter civilian life so they can continue to be a productive part of society.”

…Read more

Categories: Center for Executive Development, Entrepreneurship, Featured Stories, Mays Business, News, Programs, Texas A&M

This fall, Mays master’s students will have the opportunity to connect with analytics experts through the new Mays Marketing Analytics Challenge. The partnership was coordinated by Hari Sridhar, Center for Executive Development Professor and Associate Professor of Marketing.

The mission behind this partnership is to provide students in the MS Marketing Analytics Class with the opportunity to learn from professionals, put into practice what they learn in class, and bolster Mays’ commitment to marketing analytics.

The first partnership is with Buxton and Ansira, who will provide guest lectures from partners at Buxton and Ansira and opportunities for students to visit their offices in Dallas and Fort Worth. The Fall 2017 challenge will culminate with students presenting their analytic solutions to partners, who will provide commentary, advice, and suggestions. The competition will be on Nov. 20.

Categories: Centers, Departments, Faculty, Marketing, Mays Business, News, Students, Texas A&M

Several research projects by University Distinguished Professor of Marketing Leonard Berry at Mays Business School have come to fruition.

Berry, whose research focuses on improving service in cancer care, has been involved with multiple studies on improving the quality of end-of-life care for patients with advanced illness.

Unlocking intrinsic hope in patients with advanced illness

Can cancer patients tap into a certain kind of hope that is often overlooked but incredibly therapeutic and healing?

In an article published in The BMJ Opinion (British Medical Journal) titled “The Dual Nature of Hope at the End of Life,” Berry and his co-authors suggest clinicians can help patients tap into a certain kind of hope that is often overlooked but incredibly therapeutic and healing. They differentiate between two types of hope: focused (focused on a cure and recovery) and intrinsic (peace with circumstances and ability to live in the moment).

…Read more

Categories: Departments, Faculty, Featured Stories, Health Care, Marketing, Mays Business, News, Spotlights, Texas A&M

Three Mays graduates are among the 10 2017 recipients of the highest honor bestowed upon a former student of Texas A&M University, the Distinguished Alumnus Award. Texas A&M University and The Association of Former Students are proud to welcome as Distinguished Alumni: Jorge A. Bermúdez ʼ73 of College Station, Craig Brown ’75 of Houston, and William M. “Bill” Huffman ’53 of College Station and Marshall.

A full list of the 10 recipients and their biographical information may be found here.

Jorge A. Bermúdez ʼ73, in a 33-year career with Citibank and Citigroup, was chief risk officer for Citigroup/Citibank, CEO and president of Citibank Commercial Banking Group and CEO of Citigroup Latin America. He is president and CEO of the Byebrook Group. He is an Outstanding International Alumnus of A&M, received the College of Agriculture and Life Sciences Outstanding Alumnus Award, and is on the Department of Agricultural Economics’ Tyrus R. Timm Honor Registry. He has served on the board and as chair for The Association of Former Students and is on the Texas A&M Foundation board as well as on the College of Agriculture Development Council, the Dean’s Advisory Board for Mays Business School and Texas A&M’s International Advisory Board. He is a board member and past chair of the Community Foundation of the Brazos Valley’s investment committee. He serves on the board of the Federal Reserve Bank of Dallas. …Read more

Categories: Alumni, Featured Stories, Former Students, Mays Business, News, Texas A&M