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Mays Business School FTMBA #25 in nation, per Fortune '22

#9 U.S. Public program ranking highlights Mays Business School’s former student’s success

Texas A&M’s Full-Time MBA (FTMBA) program has been named the #25 program in the nation and #9 U.S. public program, according to the inaugural 2022 rankings released by Fortune. The methodology used includes a heavily weighted outcome score (65%; including median base salary, mean base salary, and job placement rate), brand score (25%; based on Fortune/Ipsos brand survey to hiring managers, March ’21), and Fortune 1000 score (10%; number of MBA alumni in C-suite and MBA graduates in Fortune 1000 organizations).

“Our whole team is extremely excited about this ranking outcome because our main focus is getting the right faculty and the right students engaged in the MBA program at Texas A&M University,” said Arvind Mahajan, Ph.D., Associate Dean for Graduate Programs for Mays Business School. “The rankings are another data point that show we are making progress to ‘Advance the World’s Prosperity,’ which is Mays Business School’s vision. We are fortunate to have the incredible Aggie Network that actively recruits our graduates, bringing them into world-class organizations, altering their careers and lives.”

Mays Business School FTMBA #9 U.S. Public program, per Fortune '22

Texas A&M’s FTMBA excels at providing each student with individualized experiences that emphasize effective leadership practices. Faculty and staff are committed to knowing all degree candidates personally and to understanding their previous experiences as well as their professional and personal goals. Program leaders mentor MBA students so they can confidently assume leadership roles in all areas of life.

The intensive 18-month FTMBA program offers hands-on experiences in managing challenges, time, and resources. The program’s cohort format allows MBA students to establish meaningful connections with peers, faculty, career coaches, and program leadership. Outcomes of doing so include developing cutting-edge professional knowledge and skills including critical thinking. These skills are foundational to the ability of FTMBA graduates to assume leadership roles immediately upon completing their degree.

“We at Mays Business School take pride in the ability of our students, faculty, and staff to contribute positively to companies and the broader society through their dedicated efforts. This top 10 U.S. public program ranking from Fortune provides evidence of the quality of our program and certainly the talent of our students,” shared Duane Ireland, Ph.D., Interim Dean for Mays Business School. “Important to the accomplishments of our FTMBA program is our decision to center the activities of our graduate programs’ office around student success. Our staff and faculty collaborate to identify ways to support our students in their drive to learn and grow as a means of enhancing their professional and personal lives.”

Applications for Texas A&M’s MBA programs – including Full-Time, Professional, and Executive – are being accepted now for the class of 2024. For more information, visit: mba.tamu.edu

Categories: Featured Stories, Mays Business, MBA, News, Rankings, Texas A&M

 

Brent Smith ’97 ’98 learned to appreciate family, integrity, and a strong work ethic growing up in rural Central Texas. His understanding of these values deepened during his undergraduate and graduate experience at Texas A&M University, creating a strong foundation for Smith’s successful professional success and personal life.

Now Mays Business School is honoring Main Street Capital’s CFO and treasurer with the Mays 2021 Professional Program in Accounting (PPA) Lifetime Achievement Award. “Brent Smith embodies the Aggie core values and has earned the respect of leaders across the financial industry through his personal integrity,” said Dr. Nate Sharp, head of Mays’ James Benjamin Department of Accounting. “Brent has risen to the CFO position at two different companies thus far, and his career achievements reflect positively on Texas A&M University, Mays Business School, and the PPA program in the James Benjamin Department of Accounting. We are so pleased to honor Brent with the PPA Lifetime Achievement Award in 2021.”

Committed to Hard Work

Smith spent his early life growing up and working on the family’s century-old farm in Round Top, Texas. The importance of family and community was underscored when his father died of cancer when Smith was 12. “My brother and I were raised by my mom, who was incredible—and still is an incredible woman,” he said, adding that the small community’s commitment to hard work also influenced his approach to life.

As Smith and his brother, Brad ‘91 ‘92 grew up, education remained a top priority. Both became the first generation in their family to attend college and earn a degree. “In general, most of the people in our community were Aggies,” Smith said. “Certainly, the culture of A&M—that historically supported blue collar students from a rural environment–led to having more Aggies in the area where I grew up.”

A Stable Career

As a freshman, Smith still was unclear about his career direction. Eventually, he decided to major in accounting because of his family’s financial struggles. “I was always told that if you wanted a safe and consistent job and you wanted to go into business, you couldn’t go wrong with accounting,” he said. “People are always going to need accountants.”

Soon, he realized that he had an affinity for the accounting coursework. “I had a general interest in business. I was very detail-oriented by nature and very analytical,” he said. “It seemed like a good fit.”

The university’s culture also supported the future executive’s development as a leader. “Texas A&M fosters teamwork, and a sense of community and togetherness. We can work together to figure things out,” said the member of PPA’s Group 5. “Texas A&M also offers a humble, hard-working environment and a down-to-earth mentality where, in general, Aggies don’t think they’re above you. We’re a roll-up-our-sleeves-and-get-to-work kind of people.”

Rapid Success

That work ethic, along with the technical accounting skills that Texas A&M provided, were instrumental in Smith’s rapid success in his first job at Arthur Andersen’s Houston office. “When you go into an organization like Arthur Andersen, you try to distinguish yourself,” Smith said. “The way to do that is through hard work, a can-do attitude, and being a team player.”

After working in public accounting for a few years, Smith joined FTI Consulting to concentrate on financial investigative work. He worked with FTI for three years before deciding to switch jobs to prioritize his young family.

Smith’s reputation for hard work and willingness to learn, combined with his deep network, led to a position at Cal Dive, a multinational marine construction company serving the offshore oil and gas industry. “Like most opportunities, this one came out of something that was broken,” he said. “They were having issues with their operational accounting, which they wanted me to come in and improve.”

While he knew that he ultimately did not want to do operational accounting long-term, this position was a way to get his foot in the door at Cal Dive. “That started a 10-year run that led to a lot of opportunities for me to move through the organization very quickly,” he said.

Smith followed a circuitous professional route—including working for one of Cal Dive’s spin-off companies that ultimately went public–that broadened his experience. “I jumped at the chance because it was a way for me to pivot a little bit away from accounting and do more on the finance side, which I hadn’t done a lot of,” he explained, adding that he advanced to become the company’s vice president.

These varied experiences prepared him to become the CFO at Cal Dive at the age of 35. “This was a great experience in a very tough industry,” he said. “There were lots of ups and downs. I went from record-level financial performance to worrying about meeting payroll. There were extreme circumstances that I had to manage through. Looking back, you learn invaluable lessons about how to manage things.”

Investing in People

Eventually, the oil and gas industry’s ups and downs took a toll, causing Smith to be receptive to other opportunities. Several of his former Arthur Andersen colleagues approached Smith about the Main Street CFO position. “This was completely different from my previous experience,” he said. “It’s a publicly-traded investment firm. It was such a great opportunity that I decided to make that change.”

The Houston resident has continued to hone his leadership skills during his seven-year tenure at Main Street. “I’m a big believer in effective communication,” he said. “To be a successful leader you have to have effective communication—to be direct and have tough conversations when needed.”

Smith also has embraced mentoring to invest in the company’s employees. “When you take someone under your wing and bring them along in their career, you’re making a big investment in people,” he said. “If you can do that consistently, it’s going to pay off through less turnover.”

Giving Back

While career and family have occupied much of his time, Smith has found ways to give back to Mays. Smith and his wife, Kristi, established a scholarship for PPA students. This fund already provided financial support to two Mays students during the 2020-21 academic year.

He enjoys meeting with PPA students and MBA students and has participated in roundtable discussions. The senior executive also regularly participates in Mays Alumni Forum, where he shares the critical lessons from throughout his career. “I always tell people that it is very difficult to be patient. If you have some idea of how your career path will line out, that’s great; it’s good to have long-term goals,” he said. “But don’t get too caught up in specific titles, because I can guarantee it won’t work out exactly the way you planned. The key is putting yourself in a position to be prepared to take advantage of opportunities when they come.”

A Foundation of Family

While career is important, Smith always puts his family—his wife of nearly two decades and their two children, Hunter and Jenna—first. “Nothing is more important than spending time with them,” he said. “The big buzzword that I’ve learned throughout my career is perspective. Especially early in your career, a problem or challenge might seem like it’s overwhelming and the end of the world. But at the end of the day, nothing is more important than your family. Having that balance and keeping in mind what you think is most important is critical.”

Unsurprisingly, Smith’s family and roots are at the center of his reaction to receiving the PPA Lifetime Achievement Award. “I was very humbled. This award is something my family can be proud of,” Smith said. “I came from humble beginnings, and I still consider myself very humble, but I have had some success in the corporate world. This just shows that you don’t have to be raised in a wealthy family or in a large city to achieve a very high level of success in the corporate world.”

Mays’ leaders feel that Smith personifies the type of transformational leader that the school is trying to develop. “Brent Smith is the kind of person who gives capitalism a good name. He has demonstrated excellence throughout his career while maintaining his perspective on what is important. Around Aggieland, we call it selfless service, but for Brent it has just meant being who he is, a deeply skilled professional who leverages his abilities to make others successful,” said Dr. Mike Shaub, Mays clinical professor and Deloitte Professional Program Director Professor. “He is generous in giving back in time and resources to those who are following behind him in Mays and PPA, because his legacy is not centered on accomplishments, but on changed lives. He is patiently building a legacy not just in the business world or in Mays Business School, but in life.”

Explore more: Professional Program in Accounting

Categories: Accounting, Alumni, Former Students, Mays Business, PPA, Texas A&M

College Station, TX — On June 26, 2021 members of Mays Business School attended a Bryan/College Station Habitat for Humanity Wall Raising ceremony to honor the Espinoza family – the future owners of the home. 

Held at the building site of the in-progress home, Mike Alexander, Assistant Dean for Graduate Programs at Mays Business School, and member of the Mays Builds program was the emcee for the Wall Raising event. 

“Watching the walls go up on a new Habitat home is one of the most rewarding and meaningful experiences for all of us who are involved in B/CS Habitat,” said Mike Alexander. “To see the family, who’ve already been through months of sweat equity and financial and homeownership education, watch the community come together to raise the walls, to give of their time, to sweat and celebrate together, is inspiring and reminds me of why I got involved in Habitat and reminds me of the positive power of a group of people, like Mays Builds, coming together to serve other and our community.”

This particular home, of which Mays Builds faculty, staff, and students donated nearly $7,000 towards, will be going to the Espinoza family. Enrique and his wife, Luz Maria, are originally from San Diego, California, before making Bryan, Texas, their home over five years ago. They are the proud parents of five beautiful children. The oldest is Kayla (12), followed by Kevin (9), Andrew (7), Anthony (4), and Kamila (2). 

After a prayer, a welcome from Mike, and some words of gratitude from the Espinoza family, the ceremony closed with a call to attendees to leave messages with sharpies on the support beams of the home. Although these messages will be covered by sheetrock and paint, the sentiments will remain a part of the home for as long as it stands.

The Texas A&M Core Value of Selfless Service is what inspired Mays Business School to begin the Mays continuing contribution to Bryan/College Station Habitat for Humanity through the Mays Builds program, a collegewide project that involves undergraduate and graduate students, as well as faculty and staff in all departments and programs at Mays. Aimed at serving the greater Bryan / College Station community, Mays Builds allows students, faculty, and staff to enhance the climate of the business school specifically by sharing a goal to serve the surrounding community. 

The Mays Habitat for Humanity project was started in 2017 and so far has raised over $27,000 for the local Bryan/College Station Habitat for Humanity. In 2020, Mays Builds was a partial sponsor for the first Mays Builds home for the Salas/Mendez family. The recent sponsorship of the Espinoza home continues Mays Builds impact on our community.

There are upcoming ways to get involved with Mays Builds’ Habitat for Humanity project:

  • On the evening of July 16 is “Bowl To Build,” a fun fundraiser for Habitat. 
  • There’s also a raffle to take part in online.
    • Contact Mike Alexander for a few remaining ‘buy 4 get 1 free” raffle tickets.
  • Or, just donate, using “MaysBuilds” in the “In honor of” line at: https://habitatbcs.org/donate/

For more information about Bowl to Build, the raffle, or other questions, contact Mike Alexander at malexander@mays.tamu.edu or visit the Mays Builds website.

Categories: Mays Business, MBA

The American Accounting Association (AAA) recently announced the recipients of the 2021 Distinguished Contribution Award, including Dr. Nate Y. Sharp, Head of the James Benjamin Department of Accounting at Mays Business School

COLLEGE STATION, TX — On June 15, 2021, the American Accounting Association (AAA) announced Dr. Nate Y. Sharp as a recipient of the 2021 Distinguished Contributions to Accounting Literature Award. This award is among the most prestigious research awards granted by the AAA.

The Distinguished Contributions to Accounting Literature Award is presented annually to that work or related works published more than 5 years but not more than 15 years prior to the year of the award. The award recognizes accounting research based on uniqueness and magnitude of contribution to accounting education, practice, and/or future accounting research; originality and innovative content; clarity and organization of exposition; and soundness and appropriateness of methodology. Sharp and his co-authors, Lawrence D. Brown, Andrew C. Call, and Michael B. Clement, were given this award for their work entitled, “Inside the ‘Black Box’ of Sell-Side Financial Analysts,” published in the March 2015 issue of the Journal of Accounting Research.

“This is a highly significant award for Nate and his co-authors to receive to recognize the quality of their scholarship,” shared Mays Business School’s interim dean, R. Duane Ireland. “We at Mays Business School are proud of Nate’s research projects and the questions he addresses through his studies—questions that when answered through his work, inform the academic literature as well as managerial practice. Nate’s research is quite descriptive of the Mays mission to ‘create impactful knowledge.’ On behalf of Mays Business School and Texas A&M University, I am truly pleased to highlight the importance of the award Nate is receiving.”

This AAA award will be presented to Professors Brown, Call, Clement, and Sharp in the form of unique glass art pieces and a monetary prize at the 2021 AAA Annual Meeting during the awards presentation on Tuesday, August 3rd from 11:30 am-12:00 pm Eastern.

More information about the 2021 AAA Awards can be found here.

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About the James Benjamin Department of Accounting 

The James Benjamin Department of Accounting aims to provide notable contributions to the university, public, and accounting profession. The James Benjamin Department of Accounting designs environments that engender creativity and innovation while close relationships among students and faculty foster ingenuity through a sharing of interests and aspirations.

Learn more: https://mays.tamu.edu/department-of-accounting/

 

About Mays Business School at Texas A&M University

At Mays Business School, our vision is to advance the world’s prosperity. Our mission is to be a vibrant learning organization that creates impactful knowledge and develops transformational leaders. Mays Business School educates more than 6,400 undergraduate, masters, and doctoral students in accounting, finance, management, management information systems, marketing, and supply chain management. Mays consistently ranks among the top public business schools for its programs and faculty research.

Visit Mays: mays.tamu.edu

 

Media contact: Kiri Stanford, kstanford@mays.tamu.edu

Media contact: Blake Parrish, bparrish@mays.tamu.edu

Categories: Accounting, Departments, Faculty, Mays Business, PPA, Research, Texas A&M

The two-hour digital event hosted by the Center for Retailing Studies at Mays Business School will take a look at retail education and the skills needed by the Class of 2025 and beyond.

Engaging leaders from across the retail ecosystem, the Center for Retailing Studies (CRS) at Mays Business School will host a short-form discussion focused on the skills needed from future retail graduates to support the evolving needs of the industry. The virtual event will highlight the expertise and opinions of retail business function leaders, college recruiters, and trade press while informing participants of the plans for the future of the CRS program at Texas A&M.

“The pace of change has accelerated within the retailing industry, and many retailers and consumer brands are moving to integrate their physical and digital teams into a single, integrated business structure.  It’s important that we stay out in front of that change by continuing to update and refine our program,” said Scott Benedict, Executive Professor and Director of CRS and a 35-year omnichannel retail veteran.

The highly engaging, quick-format, agenda includes a roundtable discussion, breakout sessions, and recap discussion at the end of the session.

The roundtable discussion will focus on the evergreen retail skills that remain relevant, new expertise needed to run an omnichannel business, and ways to accelerate into the future, including high impact learning opportunities, featuring:

  • Whitney Cooper, Director, Omnichannel Transformation and Acceleration at Walmart
  • Jody Hall ’87 & ‘89, Vice President of Global Sourcing, H-E-B
  • Lauren Hill ‘07, Director of Merchandising – Home, Target

Breakout sessions will focus on relevant topics and experiences from speaker’s perspectives that will culminate with an alignment on 3-5 key findings and recommendations for the focus of retail education.

The report back from the breakout session leaders will recap the 3-5 key takeaways with layering comments by the roundtable members.

“It’s sure to be an exciting and informative time together,” shares Benedict. “From this input from our constituents and industry partners, we will gain another piece of the puzzle to how to best equip students for the future needs in the retail industry.”

Attendance is free. The Retail Innovators Roundtable – A look at retail education & the skills needed by the Class of 2025 and beyond will take place on Friday, July 16, 202,1 from 9 a.m. until 11 a.m. CDT.

More information can be found at http://tx.ag/RetailInnovators

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About the Center for Retailing Studies at Mays Business School

The Center for Retailing Studies at Texas A&M University serves the retail industry by educating the next generation of industry leaders, developing retail-related research, and by providing industry executive outreach & thought leadership. Founded in 1983 in response to an unmet industry need for college educated leaders, CRS has become a renowned source of industry knowledge and a pipeline for developing future retail leaders.: mays.tamu.edu/retail

Media contact: Andrew Vernon, Center for Retailing Studies, avernon@mays.tamu.edu

About Mays Business School at Texas A&M University

At Mays Business School, our vision is to advance the world’s prosperity. Our mission is to be a vibrant learning organization that creates impactful knowledge and develops transformational leaders. Mays Business School educates more than 6,400 undergraduate, masters, and doctoral students in accounting, finance, management, management information systems, marketing, and supply chain management. Mays consistently ranks among the top public business schools for its programs and faculty research.

Visit Mays: mays.tamu.edu

Categories: Center for Retailing Studies, Executive Speakers, Former Students, Marketing, Mays Business, News, Programs, Texas A&M

Kyle Koehler ’09 is an unlikely founder of a food manufacturing company. Yet Wildway –the company he co-founded in 2012–has benefitted from his financial acumen, commitment to health, and desire to live a values-based life that supports the creation of a better world. Koehler’s unconventional but highly successful path led to his selection as Mays Business School’s Professional Program in Account (PPA) 2021 Rising Star Award.

This honor recognizes a recent PPA graduate who is making a substantial impact on society through business acumen, exceptional leadership, or entrepreneurial success. “Kyle represents exactly what the PPA Rising Star Award is intended to recognize: he is a young, successful entrepreneur who co-founded Wildway just three years after graduating from Texas A&M University,” said Dr. Nate Sharp, head of the James Benjamin Department of Accounting in Mays Business School and the Nelson D. Durst Endowed Chair in Accounting. “As a PPA Rising Star, Kyle’s success demonstrates that ‘advancing the world’s prosperity’ often goes hand-in-hand with improving people’s lives. We are incredibly proud of what Kyle has accomplished with Wildway.”

An Adventure in Entrepreneurship

Koehler, who was born and raised an Aggie, took a circuitous route to being an entrepreneur. After graduating from Mays PPA Group 17, the native of LaGrange, Texas lived briefly in Austin before moving to New York City, where he worked for Ernst & Young. However, the big-city lifestyle eventually took its toll. “The corporate life got draining and exhausting, especially in New York City,” he said. “The hours and days were long and living there wasn’t fulfilling in my personal life. I wanted to pursue something that spoke to the values that I had personally and the lifestyle that I wanted to live.”

Kyle and his wife at the time, Kelli, decided to return to Texas, selecting San Antonio as their new home. “The main reason we chose to move back to San Antonio was to be closer to family,” Koehler said. “Family has always taken precedence for us and the importance of family is also built into our company culture. I always tell our people that family comes before your job and to never sacrifice family for work.”

The city also has proven to be a good fit in other ways. The proximity to the Hill Country offers ready accessibility to outdoor activities. Additionally, San Antonio’s business-friendly environment has been instrumental in the Koehlers’ rapid success as food entrepreneurs. “San Antonio is a very business-friendly city with a strong entrepreneurial culture and a great workforce,” Koehler said. “We would not be where we are today if we had to deal with the cost of building a manufacturing business in a more expensive city or state.”

Clean Eating

The idea to create Wildway was sparked by the Koehlers’ decision to clean up their diet. “We took out a lot of added sugars from our diet and started eating really healthy. We felt really good with it,” he said. “We made snack items for ourselves that were gluten-free, didn’t have any sugars, and were made with really clean ingredients. At one point, we wondered whether we could turn this into a business and make something of this.”

After founding the company in 2012, Kyle and Kelli spent the next year testing products and formulations for clean and tasty cereals, granolas, and snacks at the city’s small farmer’s markets. Feedback and sales proved promising. “The first time we attended a farmers market in San Antonio, we made enough granola for the entire weekend,” Koehler said. “When we sold out of everything in a little over an hour, that’s when we thought that we might have something worth building on a larger scale.”

Healthy Growth

Now, the company’s products can be found on the shelves of over 2,000 grocery and health-food stores across the nation. Wildway is sold in a variety of leading national and regional supermarkets, including H-E-B, Whole Foods Market, Sprouts, Kroger, and Wegmans.

The business, which currently has 12 employees, differs from many other food manufacturing companies. “We do all of our manufacturing in-house, which is a little different from a lot of food manufacturers that outsource their manufacturing to a firm that specializes in food manufacturing,” Koehler said. “We built our manufacturing plant from the ground up and there’s a lot of learning experiences there.”

This business model works, and the company’s rapid growth has caught the industry’s attention. Wildway was selected from 700 applicants to be among the nine companies to participate in the Chobani Food Incubator. The Aggie-owned small business was also one of 10 chosen for the PepsiCo Incubator. Both incubators mentor entrepreneurs as they grow their business to the next level.

Feeding Success

The Mays graduate’s role continues to evolve as the company grows. Originally tasked with handling the accounting as well as a broad range of jobs necessitated in a small business, Koehler now primarily oversees the business’s finances and operations. Kelli, who was recognized by the Association of Former Students in the 2021 “12 Under 12 Young Alumni Spotlight,” focuses on marketing.

Koehler credits much of the company’s success to what he learned at Mays and Texas A&M. “There are a lot of people who go into business without a business background because they are passionate about a product, a particular service or particular thing they can make,” he said. “The business background for me was very important in starting and growing the business. Knowing how to read a financial statement and how to balance a budget when we were first starting out was incredibly helpful. I think a lot of extracurricular activities that I was involved in at the university also helped with my leadership ability and ability to manage people.”

As the company continues to grow, Koehler remains dedicated to bringing positive change to the world through manufacturing clean food. “Kyle epitomizes the Aggie core values, especially excellence, integrity, and selfless service. Wildway, the company Kyle and Kelli have created, provides a high-quality product intended to make people’s lives better and healthier,” said Dr. Mike Shaub, the Deloitte Professional Program Director Professor. “Kyle shows his integrity in being uncompromising about being fully himself, and his focus is on others, whether that is the customer or his employees. He wants a healthy work environment, a healthy community, and a healthy world. He did not go into this venture to get rich, but to make the world a better place by what he saw as a genuine need. What better way to advance the world’s prosperity?”

Categories: Alumni, Former Students, Mays Business, News, PPA, Programs, Texas A&M

Business Honors Students utilize Mays Transformational Leadership Mindsets in High-Impact Learning event

Mays Business School students Mia Barone ’21, Steven Gooch ’22 and Laura Key ’22 won top divisional honors at the Loyola Marymount University’s International Business Ethics and Sustainability Case Competition. This high-impact learning event, which was held virtually April 8-9, challenged participants to create a solution based on one of the United Nations’ Sustainable Development Goals. The Aggie team proposed that Amazon could protect the ocean’s viability by changing its maritime shipping approach.

Case competitions offer an opportunity for Mays students to further develop their transformational leadership mindset. “Participating in an international case study provides Mays students an opportunity to exhibit the culmination of business competency and experience gained in the classroom and through high-impact activities on a global scale,” said Katy Lane ’02, the director of Mays’ Center for International Business Studies, which sponsored the team in the case competition. “Working as a cohesive team to analyze and clearly communicate their solution is essential to succeeding in the high-pressure environment. In many cases, judges are from companies or organizations seeking to implement the winning solutions to make a positive social impact.  These teams clearly display the Mays Transformational Leadership mindset in action.”

Changing Course

Advised by Dr. Daria Panina of Mays Department of Management, the student team focused on the UN goal of conserving and sustainably using the oceans, sea, and marine resources for sustainable development. Their full presentation had to address the legal, financial, and ethical dimensions, and their recommendation had to be a solution that was viable on all counts. As part of this session, the Aggies, who are part of Mays Business Honors program, were questioned by a panel of judges who have executive experience in corporate ethics, compliance, corporate social responsibility, executive leadership, and sustainability. This panel did not include representatives from Amazon, which was the focus of the Mays’ team’s case.

The Aggies recommended integrating the practice of slow steaming into Amazon’s maritime cargo operations. “Right now, there’s a lot of sustainability work being done on the company’s consumer-facing, warehouse-to-door operations–electric delivery vehicles, sustainable mailers, shipment zero goal, etc.–but no responsibility is being taken for the impact of Amazon’s inbound logistics process through their shipping subsidiary,” said Barone, who is majoring in marketing and analytics.

The team’s presentation pointed out that a large proportion of the merchant fleet relies on bunker fuel, which contains a high amount of sulfur. The fleet’s fuel combustion releases large amounts of sulfur and nitrogen oxides, which acidify the marine environment and contribute to reduced calcification, erosion of coral reefs, and adverse effects on human health, especially in coastal communities. One cargo ship creates the same amount of pollution as 50 million cars[1].

Amazon ships approximately 3.2 million inbound shipping containers per year to warehouses globally; these containers hold $127.6 billion in products. The Mays team recommended that these ships adopt slow steaming. This approach, which reduces the ship’s speed from 20-24 knots to 12-19 knots, reduces the use of fuel and the resultant cargo emissions.

Wide Sustainability Implications

The Aggies also pointed out that slower travel does not result in lower profits. They cited University of Hamburg researchers, who found that profits for many container vessels decline when speeds surpass 20 knots.

The Mays team also believed that their proposal was feasible and environmentally beneficial. “Ultimately, the solution that we proposed is one that is easy to implement within a couple of months,” said Key, who is majoring in supply chain management. “It’s not a large-scale transformation. As they push forward with net-zero goals, making this small change can be very beneficial to the environment long-term. Using slow-steaming and slowing boats down reduces overall fuel consumption.”

The team advocated for more frequent, small shipments of each product to warehouses. Through using freight forwarding, Amazon would be able to combine small batches of multiple SKUs in containers, which would eliminate the need for holding additional safety stocks.

The Aggies believe these recommendations could have wider sustainability implications. “Amazon is a key player in the global shipping industry. Because of the economy of scale, they have the opportunity to set the standard for the industry,” said Gooch, who is majoring in marketing and analytics. “Adopting this practice would make it more acceptable for others to take on some more sustainable practices. Overall, this would have a greater impact on preserving our oceans and supporting those people in the coastal communities who depend on those resources.”

View the student’s winning presentation:

2021 Mays Business School IBESCC Presentation

Categories: Business Honors, Center for Business International Studies, Mays Business, News, Programs, Students, Texas A&M

Established in 1983, the Center for Retailing Studies at Mays Business School has developed future retail leaders to advance the world’s prosperity.

 

Texas A&M’s Center for Retailing Studies (CRS) launched a fundraising campaign today titled, “Supporting the Future of Retail,” to engage strategic partners from across the retailing community in support of the Center’s critical mission of Inspiring the Future of Retail. From its founding in 1983 as the first university center of excellence in retail through today, the mission of the Center remains focused on developing retail leaders and business knowledge for tomorrow.

The COVID-19 pandemic has accelerated change in the retail industry, including the growth of eCommerce, the integration of digital and physical retail operating models, and opportunities to engage the industry in a dialog about the talent needs of retailers and consumer brands for a more integrated and omnichannel approach to the business moving forward. The campaign will feature a breadth of content developed to educate, engage, and energize the retail industry. The desired outcome of the campaign includes to bringing more organizations along with the mission of the Center by investing time, talent, and financial support critical to student success and developing future leaders of the retail industry.

Join CRS in your preferred channel to gain a well-rounded view of opportunities from now through the end of July 2021:

Highlights of partnership with CRS include:

  • Access to talent and future organization leaders from a recognized and valued business school
  • Access to research faculty and the ability to collaborate on relevant retail research that advances knowledge of a rapidly evolving business and consumer from a recognized and acclaimed Tier One research institution
  • Engagement in industry networking and thought leadership, providing access to the collective wisdom of leaders from across the retail ecosystem as well as the brand recognition
  • Influence on the future of retailing education, by playing a role in identifying the skills needed for future leaders of their organization, the industry at large, and investing in capabilities they view as critical to their future success.
  • Industry updates on recovery from the pandemic, and the impact of retail on serving the American consumer early into, during, and after the crisis

For information on becoming a corporate partner of the Center for Retailing Studies or to request a sponsorship proposal, please contact Lauren Osborne at 979.845.0325 or email losborne@mays.tamu.edu. We gratefully acknowledge and thank our current partner companies for investing in retailing education at Texas A&M University.

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About the Texas A&M Center for Retailing Studies (CRS)

Since opening in 1983, the Center for Retailing Studies has been respected throughout the world as a leading source of industry knowledge and a pipeline for developing future retail leaders.

In collaboration with the outstanding performance of the faculty at Mays Business School and excellence in student education programs, each year, more than 150 students complete coursework, internships, and leadership programs that prepare them for professional careers within the industry in store management, buying, merchandising, planning, business analytics, and supply chain.

Explore more on CRS: https://mays.tamu.edu/center-for-retailing-studies/

 

About Mays Business School

At Mays Business School, our vision is to advance the world’s prosperity. Our mission is to be a vibrant learning organization that creates impactful knowledge and develops transformational leaders. Mays Business School educates more than 6,400 undergraduate, masters, and doctoral students in accounting, finance, management, management information systems, marketing, and supply chain management. Mays consistently ranks among the top public business schools for its programs and faculty research.

Say Howdy to Mays: https://mays.tamu.edu

Categories: Center for Retailing Studies, Centers, Donors Corner, Executive Speakers, Featured Stories, Marketing, Mays Business, News, Programs, Research, Staff, Students, Texas A&M

Each Spring, Mays Business School celebrates its faculty and staff for superior accomplishments. This meeting is a time to look back on the past year and recognize those who have gone above and beyond in their service. This year, the Mays community gathered virtually to honor the following 2020-2021 achievements and welcome its newest members.

Faculty Emeriti

  • James Benjamin, James Benjamin Department of Accounting – 46 years
  • Julian Gaspar, Center for International Business Studies – 29 years of service
  • Steve McDaniel, Department of Marketing – 40 years of service

Faculty Tenures & Promotions

  • Lecturer to Senior Lecturer
    • Karen Farmer, James Benjamin Department of Accounting
  • Clinical Assistant to Clinical Associate
    • Bilal Erturk, Department of Finance
    • Russ Peterson, Department of Finance
  • Assistant to Associate
    • Marco Rossi, Department of Finance
    • Chris Yust, James Benjamin Department of Accounting
  • Associate Professor to Full Professor
    • Yong Chen, Finance

Faculty Awards

  • 2021 Distinguished Achievement Award (Teaching):
    • Gregory R. Heim, Professor, Department of Information and Operations Management
  • Department of Information and Operations Management Teaching Awards:
    • Master’s, Management Information Systems – David Gomillion
    • Undergraduate, Management Information Systems – Aaron Becker
    • Undergraduate, Supply Chain – Tony Arreola-Risa
  • Department of Management Teaching Awards
    • HR Division of the Academy of Management, Herbert Heneman Jr. Career Achievement Award – Murray R. Barrick
    • HR Division of the Academy of Management, Early Career Achievement Award – Joel Koopman
    • Best Editorial Board Reviewer for Journal of Applied Psychology – Joel Koopman
  • Department of Marketing Teaching Awards
    • 2021 Herb Thompson Teaching Award – Lisa C. Troy
    • 2021 Herb Thompson Teaching Award – Akshaya Sreenivasan,

Honoring our Ph.D. Students 

  • Outstanding Teaching Award
    • Stephen Stewart, James Benjamin Department of Accounting
    • Hai Pham, Department of Finance
    • Huseyn Abdulla, Department of Information and Operations Management
    • Melanie Prengler, Department of Management
    • Yuna Choe, Department of Marketing
  • Outstanding Research Award
    • Rachel Flam, James Benjamin Department of Accounting
    • Dora Li Horstman, Department of Finance
    • Mayukh Majumdar, Department of Information and Operations Management
    • Seoin Yoon, Department of Management
    • Muzeeb Shaik, Department of Marketing
  • Deloitte Foundation Doctoral Fellowship
    • Rachel Flam, James Benjamin Department of Accounting

Staff Star Performer Awards

  • Taylor Bordelon, Program Coordinator, Center for Executive Development
  • Lisa Burton, Director, MS Marketing Program
  • Diana Cassetta-Perez, Administrative Associate IV, Department of Marketing
  • Ashley Corn, Academic Advisor III, Undergraduate Advising
  • Monica Espinoza, Administrative Associate II, Center for International Business Studies
  • Brent Jankowiak, Business Coordinator, James Benjamin Department of Accounting
  • Glynna Nickle, Program Coordinator I, Department of Marketing
  • Kimberly Scherer, Administrative Coordinator II, Department of Management
  • Donna L. Shumaker, Administrative Coordinator I, Department of Information and Operations Management
  • Katie Stober, Assistant Director, MBA Admissions
  • Business Honors Team:
    • Kris Morley, Director of Business Honors
    • Jeff Glenn, Program Coordinator, Student Transformation Center
    • Claire Raabe, Academic Advisor, Business Honors

Meeting our New Colleagues 

  • Ben Welch, Clinical Professor and Assistant Dean for Executive Education, Center for Executive Development
  • Alyssa Morgan, Program Manager – Client Engagement, Center for Executive Development
  • Julie Chrisler, Development Assistant, Development
  • Debbie Hesse, Director of Development, Development
  • Mark Toler, Assistant Director of Development, Development
  • LaRhesa Johnson, Assistant Director for Marketing and Communications, Graduate Programs
  • Regan Metoyer Peterson, Program Coordinator, Recruiting & Admissions, CityCentre, Graduate Programs
  • Jazmin Jones, Graduate Programs – Program Coordinator, Full-Time MBA Program
  • Shayla Clifton, Program Coordinator II, Department of Marketing
  • Kathy Miller, Business Coordinator II, Department of Marketing
  • Rachel Racicot, Communications Specialist II, Department of Marketing
  • Jess Junek, Business Coordinator II, McFerrin Center for Entrepreneurship

Celebrating Staff Promotions

  • Mike Alexander, Assistant Dean for Graduate Programs
  • Joanne Byrne, Program Coordinator II, Grad Programs, Scholarships, and Financial Aid
  • Hannah Cole, Academic Advisor IV, Department of Marketing
  • De’Ambra Harmon, Administrative Associate V, Department of Marketing
  • Alyssa Hartmann, Academic Advisor II, Undergraduate Advising Office
  • Karen Hentschel, Executive Assistant I, Department of Finance
  • Ashley Hilgemeier, Director, Client Engagement, Center for Executive Development
  • Rebecca Itz, Academic Advisor IV, Department of Finance
  • Sarah Jaks, Associate Director, Full-Time MBA Program
  • Deborah Mann, Associate Director, Professional MBA Program
  • Tom Marrs, Associate Director, Client Engagement, Center for Executive Development
  • Deborah McHaney, Associate Director, MBA Recruiting and Admissions
  • Brittany Schultz, Academic Advisor II, Undergraduate Advising Office
  • Catherine Young, Academic Advisor II, Undergraduate Advising Office

Honoring our Retirees

  • Kim Austin, Director of Career Management Center, MBA Programs – 6 years of service
  • Paul S. Busch, Texas A&M University System Regents Professor, Department of Marketing – 35 years of service
  • Katherine Jackson, Business Administrator, Department of Marketing – 27 years of service
  • Richard “Dick” H. Lester, Clinical Professor, Department of Management – 15 years of service
  • Marty Loudder, Presidential Professor for Teaching Excellence and PricewaterhouseCooper Teaching Excellence Professor of Accounting, James Benjamin Department of Accounting – 32 years of service
  • Brian Molhusen, Executive Professor, Department of Marketing – 6 years of service
  • Nancy Simpson, Clinical Professor, Undergraduate Special Programs – 32 years of service
  • Chris Wolfe, Deborah D. Shelton Accounting Systems Professor, James Benjamin Department of Accounting – 36 years of service

 

Categories: Mays Business, News, Texas A&M

Company Makes Joint Investment to Texas McCombs and Texas A&M’s Mays Business School

The University of Texas/Texas A&M Investment Management Company (UTIMCO) has agreed to invest $7.5 million to the Texas McCombs Longhorn Fund, now called Texas McCombs Investment Advisers LLC, and $7.5 million to The Reveille Fund at Texas A&M Mays Business School. The funds are actively managed domestic equity funds benchmarked to the S&P 500. Operated by business students, the funds enable the business schools to provide unique experiential learning opportunities, continued investment education, financial research, and practice for their students.

Created in 1996, UTIMCO is the first external investment corporation formed by a public university system and manages investments for The University of Texas and Texas A&M Systems.

“UTIMCO is excited to support the student investment funds at the McCombs and Mays business schools and help give top students the opportunity to learn in a controlled and mentor-led setting and to receive exposure to real-world investment management processes,” says Britt Harris, UTIMCO president and CEO.

In addition to the financial investment, UTIMCO plans to strengthen its active involvement with both schools. Its leadership team will meet regularly with students to review portfolios, discuss performance, and comment on market conditions. UTIMCO will also facilitate meetings with the top external investment managers in the country.

“It is exciting that the discussions that President Jay Hartzell initiated more than one year ago have been fruitful,” says Clemens Siam, professor of finance and director of the AIM Investment Center at McCombs. “This collaboration with UTIMCO will ensure that this path-breaking program that was founded by Keith Brown and George Gau more than 25 years ago will continue to enhance the educational experience of our MBA students.”

“I am thrilled that UTIMCO offered this opportunity to Mays Business School last year, and I am really grateful to Sorin Sorescu, our Interim Executive Associate Dean, for working tirelessly (with input and help from many people) to make this a reality,” says Christa Bouwman, associate professor and acting head of the Department of Finance at Mays Business School. “We already offer a high-impact Aggies on Wall Street program focusing on investment banking. We can now give our students a top-notch Reveille Investment Management Program as well. The Reveille Fund is currently run by my colleagues Hagen Kim and Jene Tebeaux, and we’re delighted to have Brent (B.R.) Adams join as Program Director, bringing over 30 years of hedge fund experience to guide our students.”

Texas McCombs Investment Advisers LLC will initially manage $7.5 million in its Longhorn Portfolio and $7.0 million in its Endowment Portfolio. The Endowment Portfolio manages assets for the AIM Investment Center, the Business School Foundation, and several scholarships.

The Reveille Fund at Texas A&M University will complement The Tanner Fund, which started in 2000 with a $250,000 gift from Jamey and Richard Tanner, ’53. The fund has grown over the past two decades and currently has around $920,000 in portfolio. It has been a student-run portfolio under Jene Tebeaux’ leadership for the entire duration.

About the McCombs School of Business at The University of Texas at Austin

Texas McCombs is a premier business school at a world-class public research university. We are a community that fosters lifelong engagement with our students and alumni. We cultivate principled leaders and develop ideas that will advance our economy, improve lives, strengthen our communities, and create new knowledge for future generations. Through high-quality instruction, experiential learning, and the pursuit of relevant, groundbreaking research, we are shaping those who will shape tomorrow and solve our most challenging problems.

About Mays Business School at Texas A&M University

At Mays Business School, our vision is to advance the world’s prosperity. Our mission is to be a vibrant learning organization that creates impactful knowledge and develops transformational leaders. Mays Business School educates more than 6,400 undergraduate, masters, and doctoral students in accounting, finance, management, management information systems, marketing, and supply chain management. Mays consistently ranks among the top public business schools for its programs and faculty research.

Categories: Departments, Donors Corner, Finance, Former Students, Mays Business, News, Students, Texas A&M