College of Business Annual Report

College of Business Annual Report

COLLEGE OF BUSI NESS

WORLDWIDE/ONLINE

2021 ANNUAL REPORT

DEAN’S MESSAGE

and Statistics, produced 77 scholarly articles and revamped its website, allowing for simpler and more eye-pleasing navigation. But we did not stop there. The College of Business also took flight with its two video series titled Vantage Point and Day In The Life. The former serves as a learning venue while the latter serves as a valuable career-guiding tool for our students. As an organization, the College of Business embraces change and thrives on new challenges. The college’s entrepreneurial spirit can be seen in its research partnership with Skytra that is studying the potential of producing risk management tools for the aviation industry. I am proud to say that this is also a mindset that we pass on to all our students. It goes without saying that these accomplishments would not be possible without our students, alumni, faculty, staff and friends of the college. I invite you to look through our 2021 highlights in the pages that follow. Thank you for your continued support.

Dear friends of the Embry-Riddle Aeronautical University’s Worldwide College of Business, Warm greetings to you all. As we sign off the 2021 chapter and welcome 2022, we as a college have much to be proud of, particularly given the challenges related to COVID-19. The faculty and administration of the College of Business, as well as the university, have done a superb job of navigating our students through these challenging times. And of course, I am immensely proud of our students for continuing to excel and continuing to move along their respective degree pathways. This past year has seen us successfully close out our strategic plan for 2018-2021 and establish new goals for the College of Business over the next five years. During this year, the college achieved some very important milestones, including the launch of three new degree programs coined Stackables: Master of Business Administration in Aviation (MBAA), Master of Science in Engineering Management (MSEM) and Master of Science in Management (MSM). The college also won a major grant from the Bureau of Transportation

Dean’s Message

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Leadership

Dean’s Council By the Numbers

Featured Spotlights

Speaker Series

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Accreditation & Performance

Giving to the College

Dr. Maneesh Sharma Dean of the Worldwide College of Business

Embry-Riddle Aeronautical University Worldwide College of Business 1 Aerospace Boulevard | Daytona Beach, Florida 32114

[email protected] | worldwide.erau.edu/business

Dean’s Message | 1

Dr. Tracey Richardson Assistant Dean, Accreditation and Performance Excellence and Associate Professor of Project Management

Dr. Maneesh Sharma Dean and Professor of Finance

Dr. Matthew Earnhardt Associate Dean and Associate Professor of Organizational Leadership

Dr. Rachel Vigness Director, Student Success and Communication and Associate Professor of the Practice

LEADERSH I P

Dr. Juan Roman Associate Department Chair, Business Administration and Assistant Professor of Accounting

Dr. Jim Marion Department Chair,

Dr. Aaron Glassman Department Chair, Management and Technology and Associate Professor of Management

Dr. Ron Mau Department Chair,

Decision Sciences and Associate Professor of Project Management

Business Administration and Professor of Finance

Dr. Daisha Merritt Associate Department Chair, Management and Technology and Assistant Professor of Management

Jules Graham, M.Sc., PMP, CSM Project Manager

Michael Chaffman, B.S. Assistant College Administrator

Michelle Holland, MBA Associate Director of Alumni Engagement and Communication

Linda Lundquist Budget Analyst

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Shelly Freeman BoldIQ Chief Operating Officer

Fathi Atti Qatar Airways SVP Aeropolitical & Corporate Affairs

Richard Goodhead Talisman Energy International Founder, Consultant

Lincoln Groves SAS Institute Manager

DEAN’S COUNCI L

John Hornibrook The Boeing Company T&PS Air Crew Operations

Scott McKinnon CPO Advisors Consultant

Jose Montero Copa Airlines CFO

Rika Nakazawa BoardSeatMeet President, CEO, Founder

Jason Putnam Stratagem Group CEO

Bryan Terry Deloitte Managing Director & Global Aviation Leader

Haseem Vazhayil LeaseWorks, Inc. CEO

Dee Waddell IBM Managing Director

Rocky Wiggins Spirit Airlines CIO

Elise Weber Skytra CEO

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7,000 + Students enrolled 89.2 % Employment rate one year after graduation $ 95,687 Average salary for graduates of a master’s program TOP EMPLOYERS Boeing, Lockheed Martin and Delta

16 Programs including associate, bachelor’s and master’s degrees. New programs include Master of Business Administration in Aviation (MBAA), Master of Science in Engineering Management (MSEM) and Master of Science in Management (MSM) # 7 Best Online Bachelor’s in Business Programs according to U.S. News & World Report # 48 Best Online Master’s in Business Programs according to U.S. News & World Report # 81 Best Online Master of Business Administration Programs according to U.S. News & World Report

BY THE NUMBERS

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College of Business Degree Programs

Working Together Thanks in part to a new partnership with Skytra, an Airbus subsidiary, the Worldwide College of Business is building a reputation in the key area of financial risk management while allowing students to learn skills that will be in constant demand across a range of global industries. “Financial risk management is a unique, STEM-based discipline that is crucial not only for the aviation industry, but for nearly any field, which will give students a skill that is transferable,” said Dr. Maneesh Sharma, Dean of the Worldwide College of Business. As Skytra’s preferred academic partner, Embry-Riddle has conducted research in areas that hold the potential to transform the travel industry. One such study by Embry-Riddle professors Dr. Maneesh Sharma, Dr. Sunder Raghavan, Dr. Alfonso Canella and Dr. Ron Mau found that one of Skytra’s tools, the Trans-Atlantic (TA) index, offered revenue protection close to 90%, even after the pandemic collapsed yields. This groundbreaking ability to hedge revenue has profound implications for the aviation industry and the entire tourism industry. Industry partnerships like Skytra further advance Embry-Riddle’s longstanding reputation as an innovator and thought leader when it comes to business innovation. “The focus on risk management distinguishes us from other business schools, and also elevates the overall Embry-Riddle brand in business education,” Dr. Sharma said.

In 2021, we continued to see growing demand for skilled professionals and leaders who can manage the efficient and effective use of scarce resources, operate in an atmosphere of heightened global competition and, most notably, respond to the call to preserve our world’s fragile ecosystem amid the pandemic. The College of Business currently offers 16 degree programs designed to introduce students to modern management concepts, leadership principles, communication skills and the tools necessary to thrive in business today.

FEATURED SPOTLI GHTS

Associate Degrees Aviation Business Administration

Bachelor’s Degrees Aviation Business Administration Business Analytics Leadership Logistics and Supply Chain Management Project Management Technical Management Master’s Degrees Business Administration in Aviation Engineering Management Information Security and Assurance Leadership Logistics and Supply Chain Management Management Management Information Systems Project Management

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Re-Engineering Graduate Learning The Worldwide College of Business was excited to launch a redesigned curriculum for three of its graduate degree programs in August 2021. The enhanced MBA in Aviation, M.S. in Engineering Management and M.S. in Management programs provide students with a high-reliability organizations (HRO) foundation, a degree-specific core and a resume-boosting certificate of their choice. HRO concepts, such as risk management and risk mitigation, are woven throughout the program,

Conversations with College of Business Faculty

Why is your research important? What are the possible real-world applications? Understanding the forces, be they tangible or invisible, that shape communities around us, sustain households, result in public policy and are used as strategic initiatives for entire communities is important. Remittances are a global phenomenon that not only are found to finance development, but also impact quality of life and can be connected to the preservation of cultural traditions. Our research starts at the very basic level of introducing the word — remittances — into general use and then making the human connection to this global occurrence. What are the next steps with your research? We plan to continue this line of academic inquiry through more direct involvements and on-the- ground research endeavors. It is our hope that we can further delve into the strategies utilized by the household sector and offer further strength to the connection between remittances and cultural traditions. Additionally, through connections with national governments and private money transfer institutions, I plan to delve deeper into the global economic impacts of remittances with a focus on private money transfers as soft power.

preparing students to succeed in the high-risk and complex environments of today’s organizations. With flexible delivery options, including a 100% online curriculum, students can now pursue a program that meets their individual goals while distinguishing themselves from the competition. Learn more about the university’s first-ever certificate-based graduate programs here: erau.edu/stories/embry-riddle-worldwides- college-of-business-reimagines-graduate-learning

Did you know that the amount of remittances sent back by migrants is three times the size of international development aid? In 2019, annual remittance flow to low-

and middle-income countries reached over USD $550 billion — which means remittance flow is larger than foreign direct investment. Dr. Merritt’s remittance research seeks to understand the role that remittances play in international development, from the individual to the country and globe. How did you get interested in studying the topic of remittances? While I was working toward my Ph.D. in Strategy, circa 2014, I began to become more interested in diaspora communities. I remember sitting in a doctoral-level discussion course and realizing that my previous work with Federally Qualified Health Clinics and the import company I owned at the time all had connections to migrants, migration and being connected to one’s country of origin while physically living in another country. While the U.S. is my home, I love to travel and become immersed in different cultures. How have you explored remittance research since joining the College of Business in 2018? We presented our first scholarly research in 2016, published a few subsequent articles, and then in August 2020 our first book, Remittances and International Development , was released. Since the publication, my co-author (Dr. Sabith Khan) and I have been invited to several book talks and lectures to disseminate our research findings.

Certificate Options Business Intelligence and Analytics Finance Human Resources Information Systems Security Information Technology Management

International Business Leadership Marketing Project Management Systems Engineering

For more insight into Dr. Merritt’s research

and a full recording of this Embry-Riddle Aeronautical University — Worldwide College of Business College Conversation, visit: youtu.be/4ciwEQSeSnY

“The HRO theme in our program is really unique and distinct. In today’s world, every organization can benefit from a better understanding of systemic risk and how it can impact an organization moving forward. Most schools and programs typically do not have a unifying theme across their graduate degrees.”

Dr. Maneesh Sharma

“Remittances are typically transfers from a well-meaning individual or family member to another individual or household. They are targeted to meet specific needs of the recipients.”

International Monetary Fund

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Alumni Spotlight

Faculty Spotlight

Student Spotlight

As a toddler, “jet” was the second word he spoke.

Dr. Stacey Mumbower, Assistant Professor, College of Business Management & Technology Department Embry-Riddle Aeronautical

Rachel Stanley knows all about the advantages Embry-Riddle Aeronautical University can offer. Her journey at Embry-Riddle began when she attended the Prescott Campus. She earned a Bachelor of Science

As a teenager, Embry-Riddle was the first choice to further his education after high school. And so it goes without saying

University – Worldwide Dr. Stacey Mumbower is an assistant professor of Management and Technology in the College of Business at Embry-Riddle Aeronautical University – Worldwide. She received her Ph.D. in Civil Engineering with a concentration in Transportation Systems from Georgia Tech in 2013. She holds an M.S. in Statistics from Georgia Tech’s School of Industrial and Systems Engineering and a B.S. in Mathematics from Valdosta State University. Prior to joining Embry-Riddle, Dr. Mumbower was a faculty member at the University of South Carolina. Before her academic positions, she worked at the Centers for Disease Control and Prevention and the Georgia Department of Transportation. Dr. Mumbower conducts research within several areas of airline applications, including airline pricing and revenue management, product debundling strategies and customer purchasing behavior. Most recently, her research has focused on assessing the impacts of the COVID-19 pandemic on U.S. air travel operations and commercial airport service. Her work has been cited in news outlets, including Forbes and NBC. She was recently awarded a research grant from the Embry-Riddle Aeronautical University – Worldwide College of Business to continue this work.

that aviation is a passion for Zach Ungerleider. Having graduated in 2014 with a B.S. in Aviation Business Administration, Ungerleider is now living his childhood dream of working in the aviation industry. While working on his undergraduate coursework, he also earned his Airframe & Powerplant (A&P) Maintenance Certificate and completed flight training, achieving an Instrument Rating. With an initial start as an A&P mechanic and Director of Maintenance, his career took a turn toward sales while at Textron Aviation. Now the MSP Sales Manager at Honeywell Aerospace, his career is on an upward trajectory. “My education at Embry-Riddle has served me well,” Ungerleider said. The aviation business curriculum prepared him to thrive in sales and communicate with buyers. “I encourage those who are on a similar path.” With this success, he now looks forward to giving back. Ungerleider, along with his wife who is also an Embry-Riddle alumna, inspires youth to learn more about aviation. His role as a business aviation mentor to young professionals, as well as his own personal success, landed him on the National Business Aviation Association’s 40 Under 40 list in 2018. Ungerleider is currently enrolled in the Master of Business Administration in Aviation (MBAA) program at Embry-Riddle. He aspires to advance into leadership and utilize his “ability to effect change” within the aviation industry.

in Aviation Business Administration and a minor in Global Business, obtaining her first set of “eagle wings” when she graduated in 2019. Before Rachel graduated, she was offered candidacy in one of Boeing’s highly competitive rotation programs, the Business Career Foundation Program (BCFP). Boeing selects top candidates from universities across the United States for this two-year program. The aim of the BCFP is to accelerate the development of dynamic and knowledgeable business leaders by providing challenging, fast-paced learning experiences through six, four-month rotations (i.e. business operations, sales and marketing, accounting, contracts and estimating/pricing). When Rachel decided to continue her education and seek out a graduate program, the decision was simple: “I had such an amazing experience at Embry-Riddle during my undergrad and the faculty really showed that they care about the students.” Rachel reviewed program offerings through Embry-Riddle Aeronautical University - Worldwide and ultimately selected the Master of Science in Management (MSM). “I like that I have the opportunity to work with people from around the world,” Stanley said. She specifically chose the MSM program with a specialization in project management to continue her education in this field. The flexibility of the online program allows Rachel to continue her employment at Boeing while she obtains her master’s degree. The cross-functional BCFP experience also provides Rachel with the perfect opportunity to apply her graduate study in a real-world setting. Rachel aspires to excel as a leader in the aerospace industry. A lifelong learner, she is making the most of her education journey and looks forward to walking across the Embry-Riddle graduation stage once again!

“I had such an amazing experience at Embry-Riddle during my undergrad and the faculty really showed that they care about the students.”

Rachel Stanley, Embry-Riddle Prescott Campus

“My education at Embry-Riddle has served me well.”

Zach Ungerleider, ’14 B.S. in Aviation Business Administration

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Vantage Point Series As part of our ongoing effort to provide fresh professional perspectives on today’s complex business world, the College of Business continued its Vantage Point speaker series in 2021. The events were live streamed and featured industry and thought leaders discussing topics designed to impact and improve business and organizational performance, as well as lead to personal growth. Featured speakers in the 2021 Vantage Point series included Sangita Woerner, Vice President of Marketing and Guest Experience at Alaska Airlines; Spot2Nite’s Co-Founder Sam Bruner and CEO Terry Broussard; Donald Thompson, CEO of The Diversity Movement; and author and Emeritus Chairman of Silicon Valley Bank, Ken Wilcox. The Vantage Point series advances the College of Business’s reputation, which has grown steadily over the years as it has expanded beyond the world of aviation and aerospace. The series will continue establishing the Worldwide College of Business as a thought leader while also creating new networking opportunities for students, faculty, staff and industry partners. The events are available on-demand at: worldwide.erau.edu/colleges/business/ vantage-point

Day in the Life Series The College of Business also launched a new Day in the Life (DITL) speaker series this year. DITL caters to students looking to explore new careers, change jobs or simply learn about a different profession. The series includes a growing collection of videos that give students a glimpse into what it looks like to walk in the shoes of industry professionals. From operations to finance, the series features various career fields and answers the tough question: “What is a typical day like?” Interviewees also discuss their career decisions, as well as what they like — and perhaps even dislike — about their roles. Viewers benefit from insider tips about navigating a career in business. Scan the QR code below to watch the DITL videos that are available on-demand.

SPEAKER SER I ES

“Embry-Riddle is in a unique position to establish a series such as this. We have a worldwide platform that few institutions can match, and we want to break new ground in a positive way by creating a series that strengthens our direct connection to industry.”

Dr. Maneesh Sharma

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Specialized Accreditation Across the Discipline

In 2021, the College of Business received multi-program accreditation from the Project Management Institute (PMI) Global Accreditation Center for Project Management Education Programs (GAC). Programs receiving GAC accreditation included the Bachelor of Science in Project Management (BSPM), Master of Science in Project Management (MSPM) and the Master of Science in Engineering Management with a Project Management Certification (MSEM-PM). Degree programs that achieve GAC accreditation must demonstrate and meet rigorous global standards of accreditation, which include an assessment of each program’s objectives and outcomes, faculty and student evaluations, onsite and online resources, annual self-evaluation and proof of continuous improvements in the area of project management education. For more on accreditation for business programs visit: erau.edu/leadership/accreditation

“GAC accreditation is a testament to our world-class faculty and the knowledge and skills our students gain throughout their time with us.”

ACCREDITATION & PERFORMANCE

Dr. Maneesh Sharma

The Embry-Riddle — Worldwide Campus and College of Business are also accredited by the following organizations:

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Dr. Mau using learning glass technology for one of his lectures.

The Embry-Riddle Worldwide College of Business has one mission: to help busy working professionals, active-duty military and veterans and students with families acquire the real knowledge and information they’ll need to succeed in their chosen business careers. When you support our college, you are investing in the present and future of our aviation and G IVI NG TO THE COLLEGE

aerospace industries. Your gifts contribute to the ability of our global workforce to adapt, succeed and advance in this trillion-dollar industry.

givingto.erau.edu/support-business-worldwide

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Our mission is to prepare our students to become global leaders by providing an education that is rooted in critical thinking, analysis and problem solving.

Embry-Riddle Aeronautical University Worldwide College of Business 1 Aerospace Boulevard | Daytona Beach, Florida 32114

[email protected] | worldwide.erau.edu/business