Allegheny College Introduces New Major in Business

Business Major

Allegheny College will introduce a new major in business that integrates classroom learning with experiential opportunities available through the college’s Center for Business and Economics. The program will be offered beginning with the 2018–19 academic year by the Department of Economics, which has provided a business/managerial track within its economics major for 18 years.

“Our increasingly complex and connected world demands business leaders who excel as professionals and understand their responsibility to solve problems affecting society at large,” Allegheny President James H. Mullen, Jr., said. “Our new major in business builds on our existing strength in business education and is designed to provide students with the foundation to advance in their careers, instill in them the ability to adapt in a constantly evolving marketplace, and inspire their commitment to contribute as local and global citizens.”

The business major incorporates core coursework in economics, accounting, management, statistics, ethics and communications. Students also can take courses in important areas such as entrepreneurship, finance, human resource management, marketing, international business and organizational behavior.

Through the college’s Center for Business and Economics, business majors at Allegheny can capitalize on internships, research, study abroad programs and other experiential-learning activities. For example, the center coordinates trips to New York City and other major cities for students to visit leading corporations, invites seasoned executives to campus to interact with students, and sponsors the annual Zingale Big Idea Competition, which awards $10,000 in prizes to students seeking funding for their business concepts.

“Along with equipping students with fundamental quantitative skills and advanced knowledge, we are focused on educating the next generation of business leaders to think critically, communicate clearly, consider problems from multiple perspectives and step forward to develop innovative solutions,” Stephen Onyeiwu, professor and chair in the Department of Economics, said. “The business major also will challenge students to put their classroom learning into practice through our Center for Business and Economics, which brings together a wide range of meaningful opportunities for students to interact with industry leaders, gain career experience and think more expansively about their future.”

Like all academic majors at Allegheny, the business major will require students to complete a Senior Comprehensive Project, an original piece of scholarly or creative work similar to a master’s thesis. All Allegheny students also declare a minor or a second major from an academic division outside of their major. This curriculum is designed to help students develop big-picture thinking and problem-solving skills.

“We want to do more than simply prepare students majoring in business to succeed in their first job,” Onyeiwu said. “That initial step in their career is certainly important, but beyond that we want to empower our graduates to pivot as businesses change and the needs of society grow.”

Learn more about Allegheny’s new major in business here.

Source: Academics, Publications & Research

Grassroots Campaign Propels Allegheny College Student to Borough Council Seat

Morgan Boyd’s campaign for New Wilmington Borough Council was “as grassroots as it gets,” he said.

“It was me and a picket sign,” the 19-year-old Allegheny College student said. And a lot of walking, talking and listening.

Running as an independent, Boyd collected the most votes — 241 — in the five-person race for four open council seats on Nov. 7. The lifelong New Wilmington resident will take office in January in the 2,200-person borough, located about 60 miles north of Pittsburgh in Lawrence County.

Boyd saw opportunities for economic growth in his hometown. So, he decided to enter the race and wasted no time in getting started. He gathered signatures from registered voters to get on the ballot, planted yard signs and pounded the pavement for face time with citizens at their homes.

“I wasn’t visibly shaking but mentally it was rough,” Boyd said of his first few door-to-door visits. But he quickly became comfortable speaking with voters about his platform and answering their questions.

“When you start going out and talking to all of those different people, you start to see this incredible diversity of ideas, of interest, of ideologies,” he said.

On the Monday before Election Day, Boyd canvassed the borough from 9 a.m. to 5 p.m. And once voting began, he spent all day — from 7 a.m. when polls opened to 8 p.m. when they closed — standing outside the borough’s sole polling place to greet voters.

The most profound moment of that experience, Boyd said, came near 7:30 p.m. as the stream of voters began to wane. A senior citizen arrived at the precinct after a half-mile trek from his home using a motorized wheelchair.

“I walk over, shake his hand and say ‘Hi, I’m Morgan Boyd, and I’d appreciate your vote for council today,’” Boyd recalled. “… And he looked at me and said, ‘I know exactly who you are. You’re the reason I came here to vote tonight.’”

This is Boyd’s first elected office. He’s eager to learn but already has shown his ambition and potential for leadership. In summer 2016, Boyd attended both the Democratic National Convention in Philadelphia and the Republican National Convention in Cleveland. “I was on the floor of those conventions when both Donald Trump and Hillary Clinton were nominated for president of the United States,” he said.

In high school, Boyd served as statewide treasurer for Pennsylvania Future Business Leaders of America, helping to manage an organization of 12,000 student members, a $2 million budget and a philanthropic effort that raised $58,000.

An economics major and philosophy minor at Allegheny, Boyd participates in the college’s law and policy program and studied philosophy at Harvard University last summer. He’s on track to finish three years of college coursework in two years.

Once his undergraduate studies are complete, Boyd plans to enter a graduate program in public policy at Carnegie Mellon University through a cooperative agreement between that institution and Allegheny. In just four years, he’s looking at earning both bachelor’s and master’s degrees.

For now, though, Boyd is focused on the challenge of being a college student and an elected official. As a council member with a four-year term, he will head a committee, attend meetings, ensure constituents receive appropriate services and explore ways to stimulate economic development.

“So, in a small town, how can you leverage what assets you have to create the best possible standard of living for everybody?” he said. “New Wilmington has these incredible resources we can tap into … It’s all about finding how to leverage those assets to build not just business but sustainable business that is of benefit to the town.”

The New Wilmington Borough Council seat comes with responsibility — but not a paycheck. Like most of his fellow council members, Boyd will balance volunteer public service with the demands of full-time work.

“I look at college as a job,” he said. “It’s classes nine to five — then you go back, you do your work, and you show up for your classes the next day.”

Boyd is quick to deflect the spotlight when asked about winning an election at a young age, noting that voters also chose three other council members in that race. But he does hope one group in particular draws inspiration from his campaign.

“It’s totally possible for a college student to run for public office,” he said. “The problems of today will be solved by the students of today.”

Source: Academics, Publications & Research

Allegheny College Receives $590,000 Gift to Support Center for Business and Economics, Student Scholarships

Allegheny College alumnus Lance Zingale and his wife, Karen, have made a $590,000 gift to support Allegheny’s Center for Business and Economics (CBE) and student scholarships at the college.

The Zingales’ commitment will establish a $500,000 endowment to fund initiatives at the CBE, which provides business-related internship, research and other experiential-learning opportunities for students.

Lance Zingale, a 1977 Allegheny graduate who majored in economics, is executive vice president and general manager, major markets, at Sykes Enterprises Inc., in Tampa/St. Petersburg, Florida. He has served as a judge and funded prizes for the CBE’s Big Idea Competition for the last four years. Students participating in the annual contest prepare and present proposals to fund concepts for businesses, nonprofit social ventures, research and community engagement initiatives.

“Lance Zingale personifies alumni who give of their time, talent and treasure to their alma mater,” said Chris Allison ’83, Allegheny trustee, CBE co-director and entrepreneur in residence. “As important as this significant gift is, Lance’s years of commitment to our students as a judge for the Big Idea Competition and mentor is perhaps even more significant. He is truly changing lives, and the Allegheny community is deeply grateful for his involvement and support.”

In recognition of the Zingales’ generosity, the Center for Business and Economics has renamed its Big Idea Competition in their honor.

In recognition of the Zingales’ generosity, the CBE has renamed the Big Idea Competition in their honor. Beginning next year, the contest will be known as the Zingale Big Idea Competition. This coming spring, Lance Zingale also will join the CBE Board of Visitors, which advises faculty and staff in the Department of Economics on industry trends and other opportunities.

“Allegheny, next to my family, has had the greatest influence in my values and in how I think and how I approach life,” Zingale said. “I give Allegheny a lot of credit, 40 years later, for that … and I want to do a lot for the school.”

Zingale said he considers himself to be an “early-stage investor” in the CBE, which was established in 2015. The return on this investment, he added, is seeing Allegheny and its students gain more prominence for creativity and innovation in business.

Continuing to develop a strong business education program is critical for Allegheny and for preparing students to succeed in business careers, Zingale said. And he hopes the gift will spur other Allegheny graduates, particularly fellow economics majors from his era, to join him in investing their time and financial resources in the CBE.

“I wanted to give back and encourage and challenge other alumni to be engaged with the Center for Business and Economics,” he said. “At this launch stage of the Center, I don’t know of another place where you can have such a big impact so quickly and see the results of your support.”

In addition to their gift to the CBE, the Zingales will provide Annual Fund Grant Scholarships for two Allegheny students in each of the next five years.

The Zingales’ commitment supports the College’s “Our Allegheny: Our Third Century Quest” comprehensive fundraising campaign. As of Oct. 31, the campaign has raised $149.3 million toward its $200 million goal. Learn more at allegheny.edu/campaign.

Source: Academics, Publications & Research

Kim Tillotson Fleming to Visit Allegheny College as Executive in Residence

Kim Tillotson Fleming, chair and chief executive officer of Hefren-Tillotson, Inc., a privately held Pittsburgh-based investment firm, will visit Allegheny College as its executive in residence on October 30-31.

The Executive in Residence Program, sponsored by the college’s Center for Business and Economics, is designed to connect students and faculty with prominent business executives who spend several days on campus speaking about their life experiences in business, paths to success, and lessons learned.

“As a trustee at Allegheny College, my favorite times have been when we are interacting with the bright young student minds,” Fleming said. “I am honored to be the executive in residence this year and hope to share some words of wisdom that will be meaningful to the students as they prepare to make a difference in the world.

Fleming is a graduate of Northwestern University with a degree in economics and holds several professional designations. She is a chartered financial analyst charter holder, a graduate and former board member of the Securities Industry Institute at the University of Pennsylvania, and has completed the Center for Fiduciary Studies Certification program at the University of Pittsburgh.

She is a member of the Association for Investment Management and Research, Pittsburgh Society of Financial Analysts (former president), and the Financial Planning Association. In 2015, Fleming was named one of nine Distinguished Daughters of Pennsylvania, and in 2009, she was voted one of the “Top 25 Women in Business” by the Pittsburgh Business Times. In 2003, she was honored by the Pennsylvania Department of Community and Economic Development as one of “Pennsylvania’s 50 Best Women in Business.”

Fleming has served as president of Hefren-Tillotson since 1996, and in December 2010, was elected chair and chief executive officer. The firm offers comprehensive financial planning and investment advisory services for individuals, foundations, trusts, and qualified retirement plans.

In October 2017 and 2012, Hefren-Tillotson was awarded No. 1 Top Workplace in Western Pennsylvania, and in 2012, Fleming received the Top Executive award for medium-sized companies by The Pittsburgh Post-Gazette.

Also, Fleming has been actively involved with local, national, and international project-related mission trips, including annual youth group work camps.

She and her husband, Curt Fleming, have two sons, Grant and Todd, both Allegheny graduates.

Source: Academics, Publications & Research

Kim Tillotson Fleming to Visit Allegheny College as Executive in Residence

Kim Tillotson Fleming, chair and chief executive officer of Hefren-Tillotson, Inc., a privately held Pittsburgh-based investment firm, will visit Allegheny College as its executive in residence on October 30-31.

The Executive in Residence Program, sponsored by the college’s Center for Business and Economics, is designed to connect students and faculty with prominent business executives who spend several days on campus speaking about their life experiences in business, paths to success, and lessons learned.

“As a trustee at Allegheny College, my favorite times have been when we are interacting with the bright young student minds,” Fleming said. “I am honored to be the executive in residence this year and hope to share some words of wisdom that will be meaningful to the students as they prepare to make a difference in the world.

Fleming is a graduate of Northwestern University with a degree in economics and holds several professional designations. She is a chartered financial analyst charter holder, a graduate and former board member of the Securities Industry Institute at the University of Pennsylvania, and has completed the Center for Fiduciary Studies Certification program at the University of Pittsburgh.

She is a member of the Association for Investment Management and Research, Pittsburgh Society of Financial Analysts (former president), and the Financial Planning Association. In 2015, Fleming was named one of nine Distinguished Daughters of Pennsylvania, and in 2009, she was voted one of the “Top 25 Women in Business” by the Pittsburgh Business Times. In 2003, she was honored by the Pennsylvania Department of Community and Economic Development as one of “Pennsylvania’s 50 Best Women in Business.”

Fleming has served as president of Hefren-Tillotson since 1996, and in December 2010, was elected chair and chief executive officer. The firm offers comprehensive financial planning and investment advisory services for individuals, foundations, trusts, and qualified retirement plans.

In October 2017 and 2012, Hefren-Tillotson was awarded No. 1 Top Workplace in Western Pennsylvania, and in 2012, Fleming received the Top Executive award for medium-sized companies by The Pittsburgh Post-Gazette.

Also, Fleming has been actively involved with local, national, and international project-related mission trips, including annual youth group work camps.

She and her husband, Curt Fleming, have two sons, Grant and Todd, both Allegheny graduates.

Source: Academics, Publications & Research

Former Marine Corps Pilot Joins Allegheny’s Governing Board

Lt. Gen. Jon M. Davis, above left, experienced plenty of exhilarating moments during his career in the U.S. Marine Corps, launching in his Harrier jump-jet from amphibious carriers and from austere forest roads in Germany. Commanding the Marine Corps Aviation Weapons School, he flew with and taught pilots the advanced tactics they needed to win the Cold War and support the Marines on the ground.

“You have to be disciplined and precise in all you do in Marine aviation — especially in a single-seat jet strike fighter,” says Davis, who graduated from Allegheny in 1980 with an economics degree.

During his years as a military aviator, Davis never had to eject from his aircraft — and finished his career mishap free. “Not in over 4,500 hours of military flying,” he says.

In July 2017, Davis, whose call sign was “Dog,” retired after 37 years in the Marines, most recently as the Pentagon-based deputy commandant for aviation, a post he had held since 2014. The job entailed making sure the Marines’ 1,300 aircraft were equipped and prepared to support 47,000 combat-ready Leathernecks.

What does he consider the biggest difference between his first flight as a Marine aviator and his final flight this past summer from Marine Corps Air Station Cherry Point in North Carolina? “The equipment, training, and standards we have now is so far superior to what we had back then when I was here as a lieutenant,” Davis says.

While Davis and his wife, Carol VanWhy ’83, will continue to live in Virginia, he has joined the Allegheny College Board of Trustees as of Oct. 1. “I want to ensure Allegheny grows, and more importantly, that it produces students with the skills they need to be successful leaders, thinkers, and doers to keep our nation strong,” he says.

Jon and Carol Davis following a Marine Corps marathon run.

Some of Davis’ fellow Phi Delta Theta fraternity members — including Allegheny Marines, Col. (Ret.) Medio Monti ’79, Lt. Col. Steve Held ’80, and Lt. Col. Lloyd Hamashin ’81— attended his retirement ceremony in July at the U.S. Marine Corps Barracks in Washington, D.C. The group also included David “Chip” Seamans ’80, John Brautigam ’80, Lloyd Segan ’80, Dr. Steve Schwartz ’80, Brian Krzykowski ’80, and Bob VanWhy ’80. Davis’ father-in-law Al VanWhy ’54 and Davis’ sister Jodi Miller ’86 also attended.

Davis mentioned Allegheny often during his farewell address.

He credits his college education with providing the disciplined academic background he needed to succeed in the Marines. “Allegheny’s emphasis on writing, speaking and academic standards helped me advance through the good times — and more importantly, through the tough times. Jay Luvaas, Paul Zolbrod, Earl Adams, and Robert Cupper come to mind as professors who challenged me, cut me no slack, but encouraged me to apply myself.”

Among his most memorable moments in the service was being an exchange pilot with Great Britain’s Royal Air Force and being stationed at a North Atlantic Treaty Organization base near East Germany during the Cold War, he says. He considers another major career highlight leading the Marine Corps Aviation Weapons and Tactics School during the Iraq War. “It was a very dynamic time and I was very proud of how we adapted our tactics and training to meet the threat and support the Marines,” says Davis.

Davis also served as the deputy commander of network warfare from 2006 to 2008 and again as the deputy commander to United States Cyber Command from 2012 to 2014. “Cyberspace is another domain in which we must protect our national interest,” he says. “We have some deep-seated problems but also opportunities. We need to focus on making our networks resilient and how to fight through problems while operating. We need to improve how we train and focus on standards.”

As for the state of the world, Davis says: “I think we are in a period of great geopolitical instability. We will need strong alliances, a strong economy and a strong military commitment to lead with principle internationally.”

Besides serving Allegheny as a trustee, Davis says his “retirement” plans include spending more time with family, giving back to his community and country as a volunteer, pursuing some business opportunities in technology and aviation, flying his experimental airplane, fly fishing, heli-skiing, and hiking the Pacific Crest Trail with his wife, Carol.

In typical fashion, Davis chose to leave his formal retirement ceremony to the strains of Led Zeppelin’s “Black Dog.” But before they could complete their march out, Carol ordered the music changed to Etta James’ “At Last.”

Semper Fidelis!

Source: Academics, Publications & Research

Former Pittsburgh Mayor Tom Murphy to Speak on Competing in 21st Century

Pittsburgh has become an international model for how a city remade itself. How did that revitalization happen? What were the ingredients and decisions that drove success? What lessons can other cities learn?

Former Pittsburgh Mayor Tom Murphy will address those and other questions during a talk on Friday, Sept. 22 at noon in Allegheny College’s Quigley Hall auditorium. The event, “Reaching for the Future: Competing in the 21st Century,” is free and open to the public.

Murphy is an Urban Land Institute senior resident fellow and the ULI/Kingbell Family Chair for Urban Development. As a three-term mayor of Pittsburgh between 1994 and 2006, he initiated a public/private partnership strategy that leveraged Carnegie Mellon University’s academic presence to create regional economic development in technology fields and more than $4.5 billion in economic development in the city. Murphy led efforts to secure and oversee $1 billion in funding for the development of two professional sports facilities, and a new convention center that is the largest certified green building in the United States. He also developed strategic partnerships to transform more than 1,000 acres of blighted, abandoned industrial properties into new commercial, residential, retail, and public uses, and oversaw the development of more than 25 miles of new riverfront trails and parks.

Murphy’s extensive experience in urban revitalization—what drives investment, what ensures long-lasting commitment—has been a key addition to the senior resident fellows’ areas of expertise. His talk is sponsored by the Center for Business & Economics and the Law and Policy program.

Source: Academics, Publications & Research

Ahead of the Curve: Allegheny Infuses the Liberal Arts, Economics into Business Education

Allegheny College economics major Brett Barrett absorbed the energy as he toured the world headquarters of Bloomberg LP in Midtown Manhattan last October.

“It just had one of those atmospheres that make you want to work there,” Barrett, a senior, recalls.“You could just tell everyone was vibrant and striving to be their best.” The financial information services firm was one of four major corporations that Barrett and two dozen other Allegheny students visited on a two-day tour of New York City.

A few months later, back on the Allegheny campus, College Trustee Jennifer Daurora ’99 shared career insights with several dozen students while they munched on pizza in Quigley Hall.

“I love questions,” Daurora, director of operations for McGinnis Sisters Special Food Stores in Pittsburgh, said as she reached the end of her presentation. Daurora rewarded the first student to raise his hand with a coffee shop gift card.

Though separated by some 400 miles, Barrett’s trip and Daurora’s talk have a common thread. They’re part of a sustained effort to help prepare Allegheny students for careers in business — in particular through the business economics track in the College’s economics major and the Center for Business and Economics.

“Liberal Arts-Plus”

Why study business at Allegheny instead of a university with a traditional business administration program? That’s a question that high school students and families at admissions events often pose to Stephen Onyeiwu, Economics Department chair and Andrew Wells Robertson Professor of Economics.

Onyeiwu often frames his answer as “liberal arts-plus.” He explains that Allegheny students can take the courses they would find in business programs, such as finance, management, accounting, entrepreneurship, human resources and more. But they also gain the abilities that are hallmarks of a liberal arts education: writing and speaking well, thinking critically, integrating different areas of study in analyzing a problem, and contributing to the good of the community.

“Our students learn how to adapt and to be lifelong learners,” Onyeiwu says. “We teach them all the time that society is not static; society is dynamic. Our students learn how to reinvent themselves.”

Like all Allegheny students, economics majors in the business economics track must also declare a minor (or a second major) in another field. That breadth encourages students to approach problems from multiple perspectives and also helps them become more marketable to employers, says Chris Allison ’83, Economics Department entrepreneur in residence and Center for Business and Economics co-director.

“We’re living in a global economy so you have to be a person of the world,” says Allison, also a member of the College’s Board of Trustees. “The way you become a person of the world is to expose yourself to learn other disciplines.”

Senior Bethany Bauer is doing just that. A double major in economics and French, she became interested in globalization after an introductory course with Onyeiwu. Bauer also studied abroad for a semester in France during her junior year. While her courses there didn’t focus on business, she did observe differences between the retail sector in Europe and the United States, thanks to insight she gained through an internship with the Pittsburgh-based Giant Eagle supermarket
chain.

Bauer’s Senior Comprehensive Project — which includes a chapter written entirely in French — focuses on foreign aid to Haiti. It’s a topic she developed with the guidance of her advisor, Professor of Economics Tomas Nonnenmacher ’90.

“Without Professor Nonnenmacher’s help, I wouldn’t have even thought to look at a former French colony, to look at one of them through the lens of economics,” says Bauer, who is seeking a career in international business.

A Change in Name — But Not in Rigor

Bauer is among the 50 percent of Allegheny economics majors who pursue the business economics track. Until last fall, the program was known as the managerial economics track, which was established in
2002 through the leadership of Professor Emeritus of Economics Donald Goldstein.

Initially, naming the program something other than “business” served as a differentiator among other colleges, Onyeiwu explains. However, as increasing numbers of students expressed an interest in the field, the Economics Department and admissions office saw an opportunity.

“The change in name has allowed Allegheny to connect more directly with students interested in business and more effectively share the program’s longstanding strengths with them,” says Cornell LeSane II, vice president for enrollment and dean of admissions. “We have eliminated a barrier for students and families who might not have even considered Allegheny simply because they didn’t see ‘business’ on a list of our academic programs.”

The renaming hasn’t diminished Allegheny’s emphasis on situating the study of business in the broader context of economics, Allison says. It’s a rigorous curriculum that requires students to consider more than simply what makes a business successful. They also examine its place in the overall market and how economic principles and strategies influence a company’s day-to-day operations.

“Some people in business, I think, not only do they get the answers wrong, they don’t know the questions to ask,” Allison says. “Because we’ve got that really, really strong underpinning in economics, I think our students know how to ask not only ‘why,’ but ‘why not’” when studying an issue.”

A Centered Approach

The business economics track also complemented a recent initiative to create the College’s Center for Business and Economics (CBE). Part of the Allegheny Gateway, the CBE helps connect students of all majors with business-related learning opportunities outside of the classroom.

“It doesn’t stray away from that liberal arts foundation, but rather tries to build on those ideals such that our students are ahead of the curve when they are hired because of what they’re doing here,” says
Russell Ormiston, CBE co-director and assistant professor of economics.

Helping students find internships has become a key part of the CBE’s work in partnership with the Gateway. Students in the business economics track are required to complete an internship, and many complete more than one.

Prior to his fall visit to Bloomberg, Barrett spent two summers interning with The Brown Hurray Plantz Group, a Merrill Lynch branch office in Sewickley, Pennsylvania. Three Allegheny alumni at the firm — College Trustee William Brown Jr. ’80, Andrew Niklaus ’15 and Anton Plantz III ’07 ‐ mentored Barrett and provided one-on-one help with navigating the wealth management industry.

“I was able to learn so much and ended up falling in love with the profession and am pursuing it as a career opportunity,” says Barrett, a Spanish minor. “The internships are a great opportunity, and Allegheny alumni are the best way to go about getting one because they know how qualified you’re going to be.”

Remembering Their Roots

As Barrett discovered, students pursuing business careers gain access to a powerful network of Allegheny graduates. “The alumni engagement has been tremendous,” Ormiston says. “It’s wonderful as an educator to have those kinds of resources available.”

That connection translates into alumni executives like Daurora visiting campus to teach and advise students in the classroom, on panels and through one-on-one mentoring. In addition, Allegheny graduates are opening doors at their places of employment for students, including a biennial trip to visit firms in New York City.

The New York City visit last October included meetings with John Gregory ’89, managing director at Wells Fargo Securities; Bruce Thompson ’86, an Allegheny trustee and vice chairman at Bank of America; Karen Ubelhart ’77, an Allegheny trustee and industry analyst with Bloomberg; and Jonathan Drescher ’84, senior vice president of project development for The Durst Organization.

Alumni involvement not only helps current students learn about careers and find internships, but it also supports graduates as they seek to advance in their careers. Those relationships often result in firms hiring several Allegheny graduates, Onyeiwu says.

“That is what often carries our students into that second or third job, when you have that network of alumni and former classmates,” he says. “Our students are very close — they learn collaboratively, they do things together, they work as a team. Then they use that teamwork to build a network when they graduate.”

Alumni also are providing generous financial support for business education at Allegheny. The members of the CBE Board of Visitors, an advisory group of executives, recently established an endowed fund to support internships. Additional resources, Ormiston says, expand the learning opportunities the CBE and the Gateway can offer to students.

Allison, who has taught at the College since 2006, notes that it’s especially gratifying when students he has mentored return to help current students. “That’s the best for me,” Allison says. “It’s really fun to watch them come back and see how they’ve developed into seasoned executives.”

Adds Onyeiwu: “Allegheny graduates don’t forget their roots.”

This article appeared in the Spring 2017 issue of Allegheny magazine.

Source: Academics, Publications & Research

Leja’s ‘Care Van’ Pitch Wins Big Idea Competition

Liana Leja,an Allegheny College senior majoring in biology, won first prize and $5,000 in Allegheny’s 11th Annual Big Idea Competition, a contest sponsored by the college’s Center for Business and Economics and modeled after ABC’s popular “Shark Tank” show.

Leja’s big idea: a mobile health care van, called the “Care Van,” that would operate in conjunction with Meadville Medical Center to provide basic health care to a mostly rural, underserved population.

Leja with Entrepreneur in Residence Chris Allison, co-director of Allegheny’s Center for Business and Economics. Photo by Sarah Holt.

Greg Bras, a senior economics major from Saegertown also earned an honorable mention in the competition for his work on additive manufacturing.

See full coverage in The Meadville Tribune here.

Source: Academics, Publications & Research

Allegheny, Grove City Students Pitch Their Big Ideas

The  Center for Business and Economics at Allegheny College will hold its 11th Annual Big Idea Competition on April 28-29 in Quigley Hall. The contest emulates the experiences seen on the popular CNBC broadcast, “Shark Tank”. The public is welcome to attend the final round of presentations on Saturday, April 29 from 9 a.m. to 3 p.m. 

Students will present entrepreneurial concepts with the chance to receive funding through cash prizes. The ideas must fit into one of four areas: For-profit Business, Not-for-profit Social Venture, Research Project, or Community Engagement Initiative. Students work in teams and design 20-minute presentations for their ideas, which they present at the competition.

The $5,000 first place prize has been renamed The Zingale Prize in honor Allegheny College alumnus Mr. Lance Zingale ’77, who donated the funding for the prizes. In total, $10,000 in prizes and trophies will be awarded, with 1st-, 2nd-, and 3rd-place teams receiving trophies, monetary prizes, and honorable mentions.

Some students have re-purposed their Junior Seminar or Senior Comp projects, or have taken the Economics of Entrepreneurship II class, in order to prepare for this competition. This year, there are 27 teams of one to three students each; seven of the teams are from Grove City College.  The remaining 20 consist of Allegheny students.  Some of the students are taking entrepreneurship-focused classes such as Economics of Entrepreneurship II &  Entrepreneurship in Interactive Entertainment (Computer Science focus).

The competition will be judged by a panel of alumni, as well as two faculty members. 

Some students are able to take their projects even further and continue to develop their concepts outside of the competition. Francisco Quezada ’16, who won last year, expanded his winning proposal and eventually started a company called Volta Technologies.

Entrepreneur in Residence Chris Allison and Sarah Holt are co-coordinators of the the Big Idea competition. Allison says he sees students benefit through the experience of creating business designs.

“Students who participate learn how to build a business, social venture or community engagement project, and manage a research project,” Allison said. “They also learn how to convince executives to fund these projects, and how to put their coursework into action.”

Source: Academics, Publications & Research