Portugal, known for its history as “The Nation of Discovers” will be the focus of the MBA 2010 spring trip with faculty and fellow students.  They will have the opportunity to visit various types of businesses and experience the Portuguese culture from Lisbon north to Porto.  Shoppers will look for  azulejos (Portuguese tile), savor the delectable crème pastries, walk on the cobblestone streets in pastel neighborhoods, experience history at a Monastery, Palace or Monument of Discovery in Lisbon. Students will enjoy the sandy beaches, azure seas and skies, and experience a fishing village where authentic Portuguese dress is worn.  The time in Portugal will conclude in Porto, a city of contrast – more than 3000 years old yet home to some of Europe’s most stunning modern architecture.  The trip will culminate with two days in the beautiful city of Madrid, Spain, where students will have the opportunity to independently tour the city.

At this time there is no available space for the Portugal/Spain trip, but those who wish to be placed on a waiting list may contact mmatlock@nnu.edu .

Contributed by Maureen Matlock

Toll has served in this capacity for the last seven years and is responsible for all Campbell’s product lines at Walmart.  Walmart is Campbell’s largest global customer and represents $1.8 billion in sales.  Toll currently serves on the Board of Directors of Students in Free Enterprise (SIFE) and the Advisory Board for University of Arkansas.  A native of Cleveland, Ohio, he attended Old Dominion University and received his bachelor degree in marketing.  After graduation, Toll played professional baseball for the Chicago Cubs.

The Let’s Can Hunger competition asked participants to create a business plan detailing how they would create hunger awareness and relief in the upcoming academic year in their community. NNU’s team competed against teams from across the U.S. and plans were judged on sustainability and overall impact.  Toll will address the student body and discuss the mission and culture at Campbell, his own personal career path, lessons learned along the way and Campbell’s partnership with SIFE in the Let’s Can Hunger challenge.  A question and answer session will follow the presentation.

This event is free and open to the public in the Helstrom Business Building’s Harter Lecture Hall located at 804 E. Dewey in Nampa.  NNU SIFE will provide bins to collect canned food donations.  For more information, please contact SIFE advisor Dr. Mark Emerson at memerson@nnu.edu.

SIFE is an international non-profit organization active on more than 1,400 university campuses in 48 countries. SIFE teams create economic opportunities in their communities by organizing outreach projects that focus on market economics, entrepreneurship, financial literacy, personal success skills and business ethics.

Five School of Business faculty (Dr. Ron Galloway, Dr. Karen Jones, Dr. Jeff Lineman, Dr. Steve Mountjoy, and Dr. Bill Russell) attended the annual Christian Business Faculty Association (CBFA) conference held October 15-17, 2009, in Rogers, Arkansas. The conference highlights included keynote speaker Rollin L. Ford, Walmart’s Executive Vice President and Chief Information Officer.  Tours were also offered to Walmart’s Innovation Lab, as well as the Distribution Center. Walmart, based out of Bentonville, Arkansas, boast itself as the world’s largest retailer with 2.5 million associates (employees).

Dr. Bill Russell presented papers entitled “A Wesleyan Paradigm for Teaching Business Ethics in Business Schools,” “Law: Use of Regional Economic Research as an Alternative for Writing Papers,”  as well as co-presenting with Dr. Randy Ataide, Director of the Fermanian Business Center at Point Loma Nazarene University (San Diego, California), on “Engaging the Business Community.”  Dr. Russell was also presented with the award for the Best Practices in Ethics and Law.

Dr. Jeff Lineman serves on the CBFA Board of Directors and chaired the Awards Committee for the conference.

The CBFA conference was hosted by John Brown University.

Article contributed by Karen Jones

“Delta Mu Delta is a national honor society established in 1913 to recognize students in accredited business schools for their high academic achievement in a baccalaureate or masters degree program. Over the last 80 years, Delta Mu Delta has grown to its current membership of more than 200 active chapters, approximately 117 of which are ACBSP members, with more than 105,000 individual members.”**   NNU has been a member of Delta Mu Delta for ten years, since the business programs have been accredited by ACBSP.

One of the criteria for the Star Chapter Award is student submission of an application for the National Scholarship Program.  Business Major, Ashley Mormon, received a 2009 Delta Mu Delta Scholarship worth $2,000 from a total of $30,000 scholarship monies awarded to 25 students.  She also won a $1,000 Delta Mu Delta Scholarship the previous year.  Additional students willing scholarship monies from Delta Mu Delta include; Jacklyn Travis, 2007 Honorable Mention, $100 award; Andrew Ellestad, 2006 Honorable Mention, $100 award;  and Ashley Jerome, 2006 Honorable Mention, $100 award.***     

Pictured are Jeff Lineman, former STEP Director and Faculty Advisor of NNU Delta Mu Delta, and Rhonda Gray, Executive Secretary for the School of Business and Recording Secfretary for NNU Delta Mu Delta.
 
*     http://www.deltamudelta.org/chapter.officer.award.program.star.php
**   http://www.acbsp.org/p/cm/ld/fid=21
*** http://www.dmd-ntl.org/scholarship.programs.winners.php

Jeff Lineman, Contributor

“Janet L. Yellen took office as President and Chief Executive Officer of the Federal Reserve Bank of San Francisco on June 14, 2004. As a 2009 voting member of the Federal Open Market Committee, Dr. Yellen brings her District’s perspective to policy discussions in Washington.  [She] is Professor Emeritus at the University of California at Berkeley where she was the Eugene E. and Catherine M. Trefethen Professor of Business and Professor of Economics and has been a faculty member since 1980.

“The Federal Reserve Bank of San Francisco provides wholesale banking services to financial institutions in the nine western states through its head office in San Francisco, branch offices in Los Angeles, Portland, Salt Lake City, and Seattle, and a cash processing office in Phoenix. As the nation’s central bank, the Federal Reserve System formulates monetary policy, serves as a bank regulator, administers consumer protection laws, and is fiscal agent for the U.S. government. The Twelfth District is the largest in the Federal Reserve System, encompassing 36 percent of the nation’s land area, and 20 percent of its population, employment, and the nation’s personal income.”

Quotes taken from http://www.frbsf.org/federalreserve/people/officers/yellen.html

“Janet L. Yellen took office as President and Chief Executive Officer of the Federal Reserve Bank of San Francisco on June 14, 2004. As a 2009 voting member of the Federal Open Market Committee, Dr. Yellen brings her District’s perspective to policy discussions in Washington.
Dr. Yellen is Professor Emeritus at the University of California at Berkeley where she was the Eugene E. and Catherine M. Trefethen Professor of Business and Professor of Economics and has been a faculty member since 1980.  “She graduated summa cum laude from Brown University with a degree in economics in 1967, and received her PhD in Economics from Yale University in 1971. She received the Wilbur Cross Medal from Yale in 1997, an honorary Doctor of Laws degree from Brown in 1998, and an honorary Doctor of Humane Letters from Bard College in 2000.

Dr. Yellen has written on a wide variety of macroeconomic issues, while specializing in the causes, mechanisms and implications of unemployment.

According to economist John Taylor of Stanford University, the Federal Reserve got us the financial instability we see today by buying its way out of the 2001 recession.

Taylor is most famously known for recommending a rules-based economic policy, appropriately called the Taylor Rule. The rule instructs monetary policymakers to set the short-term interest rate in the banking system based on a target inflation rate and the gap between actual and trend gross domestic product.

The theory predicts that we will see better long-run economic growth and less financial price volatility than an approach whereby everyone is guessing what the Federal Reserve will do next. Between 2002 and 2004 interest rates were . . .

Read Dr. Crabb’s full article at http://www.idahostatesman.com/newsupdates/story/734264.html

SIFE  produced unique sling backpacks for Special Olympics personnel.  2200 gift bags were presented to the athletes, 1150 gift bags for delegates and coaches, and 300 gift bags for the media.  These bags contained materials that encouraged athletes to be more environmentally friendly, such as a flash drive for each athlete loaded with a series of steps on how they can improve their environment when they go home.  There was also an Idaho Spuddy Buddy for each athlete, water bottles with environmental action steps printed on the side, lotion, a hand-knit scarf donated from people all over the world, trading pins for the athletes to place on their backpacks, and many other items.  Because of SIFE’s involvement in this project, both the NNU and SIFE logos were clearly emblazoned on the water bottles and backpacks.

The SIFE team was also given an opportunity to be part of the Olympic Fair at the Center on the Grove in Boise.  Our students were able to meet many of the athletes and help them sign a section of the Special Olympics Mural. (See the article dated 2-10)  The whole project has been an enlightening experience as the NNU community stepped up to be involved.  The NNU art department helped with the design of the mural and there were over 400 volunteers for the backpack stuffing project.
 
NNU SIFE President Lisa Bloomquist said, “Seeing the faces of the athletes in downtown Boise, who stopped to share even two minutes of their stories, made the effort of the project worth all the time invested.  The athletes were very excited to take pictures, tell about their sport, and offer you a smile, high-five, or handshake before taking off to discover the rest of what Boise had to offer.”

Dr. Galloway will continue to be associated with the School of Business as Associate Dean for Graduate Studies and Director of Doctoral Studies in Business.  He will continue teaching duties, working particularly with strategic and international studies.

Dr. Galloway completed his undergraduate degree at Northwest Nazarene University.  He completed a master’s degree in missiology at Fuller Theological Seminary and a PhD degree at United States International University.  He served for several years as pastor and missionary for the Church of the Nazarene. He has worked extensively in international business.

During his 14 years as head of NNU’s business program, he implemented the MBA program, and started online delivery of both the undergraduate and graduate degree programs.  Under his leadership the accelerated delivery program, known as STEP, was implemented.  He led the School to international accreditation for the business programs and served for many years as an accreditation commissioner.  He is also responsible for developing NNU’s Boise Center.  His international interests are represented by his consultancies in Kazakhstan, Kenya, and Brazil.

“We are pleased that Dean Galloway will continue to use his business advancement experience and international skills in the development of new levels of educational programming for Northwest Nazarene University,” says NNU’s Vice President for Academic Affairs, Samuel Dunn. “Galloway’s international business experience, his world-wide consulting, and his entrepreneurial spirit will serve NNU and her students well in the future.”

The Stimulus Bill Will Provide the Jolt That Is Needed                                    
Dr. Steven Van der Ploeg

The stimulus plan is a good idea.  Well, relative to what, you ask?   And the answer is: relative to no stimulus bill at all.  Why might it be better to do nothing, which some people advocate? Because the economy is losing jobs at an accelerating rate. The unemployment rate is now 7.6% (12.6% for African-Americans); half of 3.6 million jobs lost have occurred in the last 3 months. Many people, through no fault of their own, are without employment, and will experience the personal and social costs unemployment. Among these are anxiety, family crises, divorce, homelessness, crime.
More at http://www.idahostatesman.com/business/story/665298.html

The Stimulus Bill is a Bad Idea
Dr. Peter Crabb

This week David Axelrod, adviser to President Obama, said, “The American people are desperate for us to act.” So the U.S. Senate passed its legislation this week, and the compromise bill with the House is likely to come in around $800 billion. We are not that desperate!  First, the U.S. government already can’t afford it. Federal tax revenue declined nearly 10 percent in the first four months of the fiscal year.
More at http://www.idahostatesman.com/business/story/665297.html