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Miller College of Business Ball State Business eNewsletter March 2008

Matt Bare drinks milk after winning the Nascent 500 at Indy Speedway

The Nascent 500 Business Plan Challenge was hosted by Ball State's Entrepreneurship Center on Friday, March 28, 2008, at the world-famous Indianapolis Motor Speedway. Twelve teams competed for a 1st place prize of $10,000, a fast lap around the racetrack, a traveling trophy and a quart of milk.

Matt Bare, a 22-year-old senior from Yorktown, Indiana, and a Ball State entrepreneurship major, was the winner of the Nascent 500, competing against teams from Grove City College, Illinois Institute of Technology, Illinois State University, University of Central Florida, University of Houston, and University of Manitoba.  While riding around the track in a limousine with the judges, Matt had 500 seconds to present his PooYou business plan that combines a novelty gift with online social networking.  This quick trip around the track earned him the right to advance to the final round.  He is the first Ball State student to win the annual competition and celebrated by chugging a quart of milk and taking a spin around the historic oval in a Corvette pace car.  Congratulations to Matt!

Several media outlets featured stories about the Nascent 500.  Read more about it at US News & World Report, the Indianapolis Star and the Indianapolis Business Journal.  Watch videos online:  www.bsu.edu/entrepreneurship/.

Spring Break at the Taj Mahal
A group of nine students, led by Ray Montagno, traveled to India over spring break for a business-focused field study.  Coordinated by Sushil Sharma, the group traveled to New Delhi, Agra and Mumbai, touring companies such as Headstrong, a global consultancy in management and technology services. The university partners for the field study were Bharatiya Vidya Bhavan's Usha, Lakshmi Mittal Institute of Management and SPJIMR.

This summer, the MCOB will lead two more field studies–Doug Naffziger will take 13 students to the UK and France and Ray Montagno will take seven students to Germany.

Corporate Leader Addresses Ethics and Integrity
The Role of Ethics and Integrity was the final topic addressed on April 2 by Jim Stanley ('77), President of Duke Energy Indiana as the spring Miller College of Business Distinguished Speaker Series concluded.  Stanley spent the day on campus as an Executive in Residence meeting with faculty and speaking in several accounting classes. 

Beta Gamma Sigma Initiates New Members
Sixty-two new students and faculty members were inducted into the Beta Gamma Sigma Honor Society on March 28.  Beta Gamma Sigma is the only national scholastic honor society in the field of business and administration recognized by the AACSB International.  Kaitlin Lewis, a junior accounting and finance major from Loveland Ohio received the $1,000 Beta Gamma Sigma Scholarship at the banquet and David Heeter ('83), President, CEO, and Director of MutualFirst Financial, Inc. and Director and CEO, Mutual Federal Savings Bank received recognition as Chapter Honoree.  Congratulations to the new inductees!

2 Million Minutes Documentary Screening
The Entrepreneurship Center will host an Entrepreneur in Residence on Tuesday, April 22.  Bob Compton, an entrepreneur, angel investor, professional venture capitalist and filmmaker will visit campus to speak to students.  The public is invited for the screening of the documentary film he created and produced, Two Million Minutes:  A Global Examination is a ground-breaking film comparing and contrasting the high school education experiences of students in India, China and the United States.  How teenagers spend their time affects their country's economic future. 

Student News
Katie Coleman and Jenna Robertson, both Risk Management and Insurance majors, were selected as Anita Benedetti Student Involvement Program Scholarship recipients to attend the Annual Risk Management and Insurance Society Conference in San Diego, California, in late April.  The award pays for all expenses to attend the conference plus a stipend.  In addition, Coleman was named a John T. Lockton Memorial Scholarship recipient and Spencer Scholar, a $5,000 award provided by the Spencer Educational Foundation, Inc. and Ann Klatt received a $2,500 Angus Robinson, Jr. Memorial Scholarship.  All three students are members of Ball State's Chapter of Gamma Iota Sigma, a collegiate Risk Management, Insurance and Actuarial Science Fraternity.

Dates to note:

April 22, 2008
2 Million Minutes documentary screening
5-6:30 PM • AJ 175

April 24 and 25, 2008
Sales Certificate Program, Indianapolis, Indiana


May 3, 2008

May 12, 2008
Summer Session begins

Note from the Dean
April greetings from the Miller College.  We are only a couple of weeks away from commencement on May 3 and as you probably remember, the pressure is now on to finish class projects and presentations before finals begin.  April is always a busy month beyond the end of the semester rush because of many college and university activities.  The University Program Board and the Office of Student Life brought back the annual bike race on April 5.  Called the McKinley Mile, it hopefully will become a spring tradition like the Lambda Chi bike-a-thon was for many years.  Please enjoy your spring and let me hear from you.  Your news is always a delight to hear and provides important feedback to the college.  Besides, I just love to hear from you!

Go Cards!
Rod Davis
Interim Dean
rdavis2@bsu.edu  (765) 285-8192

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Miller College of Business, Ball State University, Muncie, Indiana 47306