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Department
of Finance
College of Business Administration
Kansas State University
Strategic Plan: 2003-2007
Approved by unanimous vote of the finance faculty
(8-0 in favor of this
plan) on
August 29, 2003.
Department of Finance
College of Business Administration
Kansas State University
Strategic Plan: 2003-2007
Mission Statement
The mission of the Department of Finance at Kansas State University
is to provide a high quality educational experience that inspires
our students to assume leadership in a global, ever changing,
and diverse business world. These experiences result from the intellectual
scholarship of the
faculty both in and out of the instructional environment; a rigorous,
relevant, and diverse
curriculum; and the support of the Department’s programs by external
stakeholders.
To achieve this mission, we strive to continually enhance the academic
and professional stature
of our programs. We also strive to maintain a scholastic climate
in which the faculty can grow
professionally; fulfill their responsibilities through high quality
instruction, research, and
professional service; and engage external stakeholders in our endeavors.
Core Values
The Department of Finance embraces the following core values. These
core values guide the
accomplishments of our mission.
1. The Department of Finance values ethical conduct and personal
integrity. We strive to act in
accord with the highest standards of professional conduct at all
times.
2. The Department of Finance values its students. We welcome the
responsibility of working
with students to facilitate their learning in a high quality educational
environment that
inspires our students to assume leadership responsibilities.
3. The Department of Finance values the educational process. We
recognize our responsibility
for developing and delivering a high quality educational experience
to students in our
Department, College, and University.
4. The Department of Finance values the process of research and
scholarship. We seek to
expand the knowledge of our discipline by conducting valid and
relevant research and to
disseminate this knowledge through teaching, intellectual contributions,
and service
activities.
5. The Department of Finance values the communities we serve. We
recognize and appreciate
the contributions, in the form of students, resources, and opportunities
for business and
personal growth that all Kansas communities make to the Department,
College, and
University. We also understand their unique dependence on Kansas
State University for
information and advice related to business endeavors. Thus, we
seek to explore opportunities
to disseminate knowledge to people in these communities.
6. The Department of Finance values diversity and seeks to prepare
students for leadership in a
global, diverse business world. We affirm the inherent dignity
and value of every person and
we believe that Diversity helps create a high quality educational
environment.
7. The Department of Finance values continuous improvement in all
areas. We seek
opportunities to update and improve our current educational programs
and to develop new
ones. In addition, we seek to foster a scholarly environment that
allows for the continuous
professional development of our faculty.
Departmental Goals and Goal Assessment
This section outlines the Department's goals in the areas of teaching,
research, and service for the
period 2003-2007. The Department's goals are intended to be congruent
with those of the
College of Business Administration and Kansas State University.
The Department explicitly
recognizes that these departmental goals require coordination among
the faculty. The attainment
of any particular goal is not dependent upon 100% of the faculty
achieving the goal. Indeed, the
structuring of responsibilities by faculty rank and position presupposes
that faculty members may
focus on particular aspects of achieving the Department's goals.
As such, the Departmental goals
are assessed at the aggregate level, by monitoring individual faculty
performance and integrating
it into a larger picture of the entire Department's scholarly activity.
The Department Head will
report back annually to the faculty, at the aggregate level, concerning
progress toward obtaining
these goals.
The Department of Finance seeks to create an environment in which
faculty and staff can pursue
their professional growth and development to further advance the
Department’s
mission as it
relates to teaching, research, and service. Professional growth
and continuous development of
faculty and staff skills and knowledge are deemed essential in
achieving the Department’s
mission. Faculty and staff engage in development activities that
enhance their skills in the
assigned areas of responsibilities. Emphasis is placed on demonstrated
improvements in the areas
of responsibility, assessed through outcome measures. The Department
supports the faculty
member’s pursuit of professional growth, and will strive to provide
financial and time resources
within the context of the overall mission of the Department.
Teaching
Goal
The Department of Finance seeks to provide a high quality educational
experience to its students.
Guiding Principles:
We embrace the seven core competencies, which include adaptability
to change, computer skills,
creative thinking, disciplined thinking, oral communication, written
communication, and
teamwork. We recognize that lifelong learning is vital for our
students to assume leadership roles
in their professional careers.
The finance curriculum and our instructional efforts are directed
to facilitate student growth in all
of these areas. To prepare students for successful careers in business
in general, and in finance in
particular, we seek to provide them with a sound foundation of
the theory and practice of
finance. Recognizing that our students vary in their career aspirations,
we seek to offer a diverse
curriculum to better prepare our students for their chosen career
path.
The Department places primary emphasis on the undergraduate degree
program, but also makes
valuable contributions to the College’s graduate programs.
Faculty members in the Department will pursue activities to enhance
the effectiveness of their
teaching. The Department will support faculty members’ pursuit
of professional growth as it
relates to teaching, within the context of the overall mission
of the Department.
Objectives:
1. The Department emphasizes teaching excellence.
2. The Department will work to continuously improve the curriculum
in order to ensure that it
is relevant and up-to-date.
3. The Department will review its course offerings to ensure that
the seven undergraduate
competencies (oral communication, written communication, creative
thinking, disciplined
thinking, teamwork, computer competence, and adaptability to change)
are being addressed
in graded assignments.
4. The Department seeks to offer a diverse curriculum including
a necessary balance of theory,
practice, and applications.
5. The Department seeks to provide its students with an exposure
to global, diverse business
practices and experiences.
6. The Department seeks to engage students in an interactive learning
environment that creates
a desire to learn that goes beyond the classroom setting.
7. The Department will support teaching excellence by augmenting
state funding with other
resources.
Assessment Measures:
The following assessment measures will be used to measure the Department’s
progress in
achieving its teaching objectives. Numbers in parenthesis refer
to the specific objective(s) that
will be assessed using the measure.
a) Annual faculty review of course content. (2, 3, 4, 5, 6)
b) Annual faculty review of senior exit interviews. (2, 3, 4, 5,
6)
c) Review of alumni survey every four years (in even years). (2,
4, 5)
d) Comments on the curriculum solicited from the Finance Advisory
Board on an annual basis.
(2, 4, 5)
e) Annual review of job placements by graduates. (4)
f) Review of teaching portfolios by the Department Head on annual
basis (1)
g) Annual report of resources utilized to promote teaching excellence.
(2, 7)
Research
Goal:
The Department of Finance seeks to generate new knowledge and understanding
of finance and
to disseminate this knowledge to others.
Guiding Principles:
Research includes a broad spectrum of creative activities that
requires critical examination and
investigation. While the Department supports a faculty member’s
choice of research topic,
method, and outlet, scholarly research resulting in peer-reviewed
journal publications is
emphasized. Presentation of faculty research in other forums is
encouraged. We value both basic
and applied research, as well as collaborative efforts. Faculty
members receive support for their
research activities from the Department, the College and the University,
and from external
sources.
Faculty members will pursue activities to enhance their capabilities
for conducting scholarly
research. The Department will encourage and support scholarly research
by offering flexibility in
the balance of a faculty member’s teaching, research and service
responsibilities, within the
context of the overall mission of the Department. The Department
will support faculty members’ pursuit of professional growth
as it relates to research.
Objectives:
1. Faculty members will conduct scholarly research that results
in peer-reviewed academic
publications.
2. Faculty members will disseminate research and knowledge through
other outlets consistent
with our Land-Grant mission.
3. Faculty members will seek active participation in professional
and scholarly forums.
4. Faculty members will participate in journal and conference review
activities.
5. The Finance Department encourages faculty members to pursue
their own choice of research
topic, method and outlet, and to collaborate with faculty at Kansas
State and other
universities.
6. The Finance Department will support scholarly research by augmenting
state funding with
other funding sources.
Assessment Measures:
The Department will document research activities with the aid of
faculty members’ annual
reports. In each of the strategic areas listed above, the Department
will document the following
research activities. Numbers in parenthesis refer to the specific
objective(s) that will be assessed
using the measure.
a) Peer-reviewed academic publications(1, 5)
b) Invited articles (1, 5)
c) Citations of scholarly work (1, 5)
d) Non-peer reviewed, and/or non-academic publications (2, 5)
e) Textbooks, reference books, published cases, etc. (2, 5)
f) Conference presentations/discussions (3, 5)
g) Invited seminars (2, 3, 5)
h) Journal and conference referee reports (3, 4, 5)
i) Non-state resources used to promote scholarly research (6)
j) Co-authorship's (5, 6)
Service
Goal:
The Department of Finance seeks opportunities for faculty members
to apply their expertise in
support of the teaching and research missions of the Department,
the College, and the University.
Guiding Principles:
Through our service activities, we seek to advance the academic
stature of the Department and to
participate in the governance and mission of the University. Emphasis
is placed on the outcomes
and achievements of these service activities.
Objectives:
1. Faculty members will serve the College of Business and University
by providing leadership
for and/or participating in committees, task forces, student organizations,
centers and
institutes.
2. Faculty members will serve the Department by participating in
and supporting its activities,
providing leadership for and/or active participation in its committees
and/or assuming
administrative responsibilities.
3. Faculty members will serve the profession by active leadership
and/or participation in
professional committees, organizations, conferences and seminars.
4. Faculty members will serve the community and state by sharing
their expertise in public
forums and the media, and through active leadership and/or participation
in business and
civic organizations.
Assessment Measures:
Numbers in parenthesis refer to the specific objective(s) that
will be assessed using the measure.
a) Nature and number of memberships, activities, and leadership
roles as reported in Faculty
Annual Reports and the Department’s Annual Report. (1, 2, 3,
4)
b) External citations in publications, programs, media reports,
and letters of commendation. (3,
4)
External Support
Goal:
The Department of Finance seeks to engage external stakeholders
in achieving its mission.
Guiding Principles:
External stakeholders include alumni, employers of our graduates,
area businesses, and the
Finance Advisory Board. The Department seeks programmatic and financial
support from these
stakeholders. Programmatic support includes strategic advice, advice
on curriculum related
issues, enhancement of our instructional endeavors through participation,
employment
opportunities for our students, and research platforms. Financial
support is solicited to enhance
the quality of our instructional and research activities, and supplements
state funding of those
activities.
Objectives:
The Department, through the Department Head, faculty, staff, and
volunteers will:
1. Maintain and continuously enhance the Finance Advisory Board
(FAB), and will seek the
Board’s advice on and support of programs, curriculum and funding.
2. Work with the Dean, Director of Development, KSU Foundation
staff and volunteers to
secure private funding support for scholarships, faculty compensation,
student development,
faculty development, research and programs.
3. Work with employers and prospective employers to enhance internship
and job opportunities
for finance graduates.
4. Work with the business community to solicit their advice on
program and curriculum issues;
enhance opportunities for faculty research support, faculty development,
and consulting
opportunities; and serve the business and professional community.
5. Faculty will pursue grant opportunities to support teaching
and research.
6. Periodically survey alumni, participate in alumni functions,
and sponsor activities to assess
their career progress, solicit their input and seek their financial
support.
Assessment Measures:
Numbers in parenthesis refer to the specific objective(s) that
will be assessed using the measure.
a) Results of FAB meetings as proceedings in their minutes and
the Department’s
annual report.
(1)
b) Amount of external funds raised as reported by the Dean, KSU
Foundation and FAB. (2)
c) Periodic alumni surveys.(6)
d) Numbers of speakers, functions and activities as reported by
the faculty and Department
Head in annual reports, student organizations and the FAB. (1,
3, 4, 6)
e) Period reports of KSU Career and Employment Services. (3, 6)
f) Annual report of grants applied for and received. (5)
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