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Kelley School of
Business 2000-2002
Academic Bulletin

Undergraduate Program  
Kelley School of Business 
Indiana University 
1309 East Tenth Street, BU238 
Bloomington, IN 47405 
Local: (812) 855-0212 
Contact Undergraduate Program 

Kelley School of Business

Mission of the School
Shared Values
Services and Facilities
Development of the Kelley School of Business
Organization of the School
Student Organizations
Opportunities, Awards, and Scholarships

Mission of the School

The Kelley School of Business provides a personally and professionally transforming experience for the global information age in an environment of innovation, diversity, and integrity.

This mission charges the Kelley School of Business to

  • Enroll accomplished men and women of great promise, character, and leadership ability;
  • Preserve our tradition of an innovative, relevant, and challenging curriculum;
  • Integrate our curriculum across disciplines, with an immersion in enabling technologies and awareness of the global environment of business;
  • Provide a strategic perspective to our students in which we focus on exploring complex problems, decision-making under uncertainty, taking responsibility, and leadership;
  • Attract, develop, and retain outstanding faculty and professional staff who provide excellence in teaching, outreach, and rigorous research;
  • Commit to diversity in all its dimensions;
  • Foster a productive environment of learning, collaboration, and mutual respect among our students, faculty, staff, community, and corporate partners;
  • Sustain and expand our national and international linkages with corporate and academic partners that provide productive synergies for the Kelley School of Business;
  • Continue to facilitate career services and employment opportunities for our students;
  • Nurture lifelong, sustained excellence in our students, facilitated by a nexus of corporate relationships and more than 70,000 alumni worldwide;
  • Instill a spirit of innovation and entrepreneurship that embraces the opportunities to adapt and excel in an environment shaped by dynamic change.
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Shared Values

Critical to the school's success is its distinctive culture. Certain key values and widely shared beliefs shape the essential character of the school and thereby become important criteria for basic decisions.

Quality Emphasis
The school seeks to meet its goals with distinction and to do so consistently. This principle requires insight into its areas of competence, the aspirations of the faculty and staff, and the availability of resources. The school's research and teaching activities emphasize this demand for quality as well.

Proactive Change
Change in any organization is driven ultimately by the long-term forces that shape the body of constituencies it was created to serve. Business organizations constantly undergo change; the rate may vary, but the environment is always dynamic. The school is committed not only to responding to change via research mix and curriculum emphases, but to anticipating basic changes as well.

Integrative Programs
The school attracts faculty who have a broad understanding of business enterprises and a capacity for configuring and interrelating business functions. This capacity is demonstrated in the school's academic programs, which emphasize the interdependence of business functions, provide a solid grounding in the liberal arts, and recognize the importance of breadth of understanding to overall organizational success.

Programmatic Approach to Education
The school strives to make the degree process a special experience for its students. Every effort undertaken contains a carefully planned and coordinated set of activities. The school's degree programs are more than just a set of requirements. Support activities such as admissions, overseas study opportunities, extracurricular activities, placement counseling, and faculty involvement in student activities provide additional value to course work.

Balance and Diversity
The school consciously seeks to achieve breadth in its curriculum, pedagogy, and faculty and student composition. Diversity of viewpoint and background is encouraged. Heterogeneity, in lieu of regimentation, is nurtured. The school recognizes the need to provide students and faculty with a rich, balanced context for the study of business and a learning environment that is conducive to the lively exchange of ideas and intellectual stimulation necessary for productive, independent scholarship. The issue of cultural diversity is increasingly being addressed in the courses at the undergraduate level.

Good citizenship is valued strongly in the school. Citizenship involves more than fulfilling formal academic requirements. It encompasses participation in multiple roles, a willingness to serve, and a commitment to perform activities that sustain the broader life of the school as an institution. Citizenship is manifested in both respect for individual rights and acknowledgment of individual responsibilities to the institution.

A spirit of collegiality is a hallmark of the school. It is grounded in the faculty's inherent respect for each other and for students as individuals. The goal is to maximize the development of the specific abilities and potential each student brings to the institution. The school's organizational matrix sustains this value through mutual trust and demonstrates it through adherence to the principle of faculty governance of the school.

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Services and Facilities

Academic Advising
All undergraduate business students have the opportunity to work with academic advisors. The advisors have offices in the Kelley School of Business and are available to help students with course selection, general and special problems related to their business programs, and the selection of a concentration, such as accounting or finance. (See the section in this bulletin entitled "Business Concentrations" for a complete listing of concentrations.)

Director: C. Randall Powell, Ph.D. (The Ohio State University, 1973)
Senior Associate Director: R. Gordon Smith, M.A. (University of Illinois, 1969)
Associate Directors: Cecelia Coleman, B.S. (University of Wisconsin, 1982); Cynthia Rex, Ph.D. (Indiana University, 1993); Tom Tomasula, M.B.A. (University of Michigan, 1995); Scott Zanger, Ph.D. (Indiana University, 1993)

The Business Placement Office, located in Kelley School of Business P100, is a meeting ground for all Indiana University undergraduates seeking business careers and for business organizations wishing to employ college graduates. All seniors on the Bloomington campus who want to interview through the Business Placement Office must successfully complete the 2 credit hour business course X420 Business Career Planning and Placement during their senior year. For all seniors and alumni of the university interested in business careers, every effort is made to assist in the evaluation of personal career potentials, to determine where individual skills can be best used, and to help organize job campaigns. Each year several hundred companies send representatives to the Kelley School of Business to interview prospective graduates with business career aspirations. Other firms provide information regarding opportunities of interest to both students and alumni. The Business Placement Office coordinates the recruiting programs, makes information available regarding all job openings brought to its attention, and refers qualified students and interested alumni to companies that do not interview locally. Placement services are provided at those Indiana University campuses that have four-year programs.

The Business/School of Public and Environmental Affairs (SPEA) Library
Librarian: Michael Parrish, M.A.L.S. (Indiana University, 1962)
Associate Librarian: Nels Gunderson, M.L.S. (Indiana University, 1977)

The Business/SPEA Library has been a leader in the introduction of electronic access to information. Students enjoy the speed and convenience of information retrieval through the Internet and on-line systems that link index and abstract databases and provide full-text images and printouts.

Among the systems now available at the Business/SPEALibrary are Dow Jones News/Retrieval, Business Dateline, Investext, ABI/Inform, CD/Corporate, Econlit, Global Access, Reuters, Lexis/Nexis, Bloomberg, RDS Big Suite, CDA, Prism, and Kalorama.

In addition to its electronic resources, the library has a collection of nearly 200,000 volumes, to which 8,000 new additions are made annually, and it subscribes to more than 1,000 journals.

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Development of the Kelley School of Business

The beginning of business education at Indiana University dates back well over a century. The first Indiana University catalog, 1830-31, included political economy in the curriculum. From this first course, throughout the remainder of the century, there developed a Department of Political Economy, later referred to as the Department of Economics and Social Science. From early courses in these areas grew what is now referred to as the "core program" of study in the Kelley School of Business.

In 1902 several business courses were introduced and listed in the university catalog. A two-year "commercial course," preceded by two years of precommerce work in liberal arts, was established. In 1904 the first business catalog, referred to as the commercial course number, was published. These commerce courses constituted the last two years of a four-year course of study leading to a baccalaureate degree. The first two years were spent completing a precommerce requirement and included all the required courses of the liberal arts curriculum of that period.

Thus was established more than three-quarters of a century ago the pattern of building a program of professional education for business upon a liberal arts base-a pattern maintained throughout the years and currently emphasized in the education of the American businessman and businesswoman. In 1920 a separate School of Commerce and Finance was organized. The school became a member of the American Assembly of Collegiate Schools of Business in 1921 and, in 1933, was renamed the School of Business Administration and placed under the direct control of its own faculty. In 1938 the title of the school was shortened to the School of Business.

The Junior Division (now the University Division) of the university was established for all first-year students in 1942. After that, enrollment in the School of Business did not included freshmen until 1995, when the Direct Freshman Admission Program began. (See page 10.) Graduate course work in business administration, first authorized in 1936, expanded rapidly after World War II. Programs for the degrees of Master of Business Administration and Doctor of Business Administration were instituted in 1947. In 1961 the designation of the area of study formerly referred to as the Graduate Division of the School of Business was changed to the Graduate School of Business. With the reorganization of the university in November 1974, the School of Business began operating at two campuses-Bloomington and Indianapolis.

Although business courses were offered as early as 1916 on the Indianapolis campus, a degree was not available there until the M.B.A. program was launched in 1962. The bachelor's degree in business became available at the Indianapolis campus following the 1969 merger of Indiana University with Purdue University in the city. Beginning in 1969, a divisional structure emerged in Indianapolis with an assistant chairperson at its head. In 1969-70 complete undergraduate degree programs for four major areas in business, as well as three two-year certificate programs, were offered.

In 1997 E.W. Kelley, an undergraduate alumnus of the Indiana University School of Business, donated $23 million to assist the school with its mission to be the premier business program in the nation. Because of the generosity of the gift, the IU School of Business was renamed in his honor to the Kelley School of Business.

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Organization of the School

The school's resident faculty, composed of more than 170 members, is its basic governing body. The various programs and curricula, as well as all major policy considerations, are reviewed and approved periodically at meetings of the entire resident faculty. Administrative support for the school is provided by the Office of the Dean, by a chair in each of the school's seven academic departments, and by a chair of each of the academic programs. The Academic Council administers Kelley School of Business policy. The council is made up of those administrators mentioned above with the addition of two elected faculty representatives. Additionally, a number of committees appointed by the dean recommend to the faculty various academic and operating policies. At various times, these committees are also assigned specific administrative responsibilities.

The school's administration manages its programs on both the Bloomington and Indianapolis campuses. The Office of the Dean consists of the dean, the associate dean for academics, the associate dean for professional programs, and the associate dean for research and operations. Administrative support for instructional programs is provided by five organizational units: the School of Business Undergraduate Program Office (Bloomington and Indianapolis), the M.B.A. Office (Bloomington), the Office for the M.B.A./Career Integrated Program (Indianapolis), the Doctoral Program (Bloomington), and the Office of the Director of Kelley Executive Partners (Bloomington and Indianapolis). Assistance with admissions, student counseling and advising, and degree certification are provided by professional staff members assigned to each of these organizational units.

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Student Organizations

The faculty of the Kelley School of Business recognizes that student organizations may contribute greatly to the programs of the school. Some of these organizations are honorary, recognizing outstanding performance. Of primary importance is Beta Gamma Sigma, the national honorary business fraternity. Other organizations enable students to develop their interests in various fields through extracurricular programs. Some of the organizations named below have active chapters on the Bloomington campus.

The faculty expects students to participate in the many extracurricular activities and events sponsored by undergraduate student organizations as a way of developing the leadership skills and professional maturity that cannot be taught in the classroom. The school supports its undergraduate organizations and strongly urges academically successful students to become active members of one or more of the following organizations.

Accounting Club
The IU Accounting Club maintains a close relationship among Indiana accounting students, alumni, accounting faculty, and practicing accountants. Members provide numerous services to the community and university, including free income tax services, tutors in accounting subjects, audits of student organizations, and scholarships to accounting students. Members meet for discussions, panel presentations, and lectures by speakers from prominent businesses and accounting firms. Membership is open to all students.

This club promotes internationalism, sending students abroad as well as bringing international students to the United States.

Alpha Iota Delta
Alpha Iota Delta is the national honorary fraternity for students and faculty in the broadly defined decision sciences. Students who excel in their academic program in computer information systems, operations management, or closely aligned fields are invited to seek membership in this prestigious organization. The purposes of the organization are to confer distinction for academic excellence in the decision sciences; to promote the tools, concepts, and methodologies of the decision sciences; and to promote interest in the development of the decision sciences. Gamma Chapter was founded at Indiana University in 1992.

Beta Alpha Psi
Graduate and undergraduate accounting majors of high scholastic standing who have demonstrated qualities of integrity and leadership are eligible for membership in the Beta Alpha Chapter of Beta Alpha Psi, the national professional accounting fraternity. The purposes of this fraternity are to instill a desire for continuing self-improvement, to foster high moral and ethical standards, to encourage and give recognition to scholastic and professional excellence, to cultivate a sense of responsibility and service, to promote the collegiate study of accounting, and to provide opportunities for association among its members and practicing accountants.

Beta Gamma Sigma
Undergraduate membership in this national scholastic honorary business fraternity is restricted to the upper 7 percent, or fewer, of the senior class and the upper 5 percent, or fewer, of the junior class. Graduate students pursuing the M.B.A. degree are eligible for membership and may qualify for election. All successful doctoral degree candidates are eligible for membership if not previously admitted.

Computer Information Systems Club
This association for computer information systems majors informs members of career opportunities through professional activities.

Delta Sigma Pi and Alpha Kappa Psi
These national professional fraternities for students enrolled in schools of business foster the study of business in universities, encourage scholarship, promote closer affiliation between the business world and students, and further the development of high standards of business ethics.

Diversity in Business
Membership is open to all Indiana University students. The purpose of the organization is to provide a support structure for business students with common concerns and objectives. Professionals from the corporate sector are frequent guest speakers.

Finance Club
This is an organization of undergraduate students interested in careers in finance. The program includes meetings with prominent people in banking, brokerage, investments, and other phases of finance, as well as trips to financial institutions in larger cities.

International Business Association
Open to all students, the association addresses the international aspects of business enterprise. Representatives from multinational firms are frequent guests.

Marketing Club
All students majoring in marketing are eligible to join this organization, which is affiliated with the American Marketing Association. Its objectives are to further the individual welfare of its members; to acquaint them with practical situations in marketing; to foster marketing research in advertising, retailing, and sales; and to promote fellowship among marketing students and faculty. Outside speakers frequently address the club.

National Association of Business Economists
This organization for business economists sponsors guest speakers and discussions of past and current economic issues with fellow students and faculty.

Rho Epsilon
This professional real estate fraternity provides real estate administration students and others interested in the area with an opportunity to participate in a nationwide professional fraternity. The fraternity sponsors activities that foster closer working relations among students, faculty members, and business executives in this field.

Sigma Iota Epsilon
This professional management fraternity is open to all majors. Members must have sophomore standing and a 3.3 minimum grade point average. The goal of the chapter is to enhance the educational experience and personal development of members.

Student Retail Association
The mission of the Student Retail Association (SRA) is to encourage and heighten interest in and awareness of retailing career opportunities and how they apply to all business majors, and to counter any stereotypes students may have about retail. The SRA gives students the opportunity to examine the industry first-hand through application, presentations, and networking opportunities.

The goal of this organization is to provide a mutually supportive and positive learning environment in which every member has the opportunity to develop communication and leadership skills, which in turn promote self-confidence and personal growth. Members' communication skills are developed by engaging in a series of prepared speeches and impromptu activities at meetings. The club is open to all undergraduate students regardless of major.

Women in Business
Membership is open to all women at Indiana University, both undergraduate and graduate, who have an interest in exploring business career possibilities and preparing for entry into the business world.

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Opportunities, Awards, and Scholarships

Civic Leadership Development
Civic Leadership Development (CLD) provides opportunities for business undergraduates to participate in community service, learn the value of community involvement, and develop practices of good citizenship and leadership. The Kelley School of Business is dedicated to offering students a seamless education-one that begins with high-quality academics and flows naturally into experiences that enhance the curriculum. Students have the opportunity to gain valuable experience and recommendations. CLD prepares students as leaders and as citizens.

CLD offers many opportunities to work with nonprofit organizations. Participation ranges from short-term projects to mini-internships, to internship experiences. CLD also offers unique leadership opportunities as selected students assist with the administration of the program.

CLD includes Alternative Spring Break (ASB). Each spring students travel to designated communities to provide requested assistance. Services deal with a range of social issues and focus on a variety of tasks. Students gain new perspective as they meet and work with other business students in a new setting.

CLD was selected by the John Templeton Foundation for inclusion in The Templeton Guide: Colleges that Encourage Character Development.

Please visit the CLD Web site (www.kelley.iu.edu/civic) or contact the director, Helen Ingersoll, hingerso@indiana.edu.

Scholarships available through the Kelley School of Business are based on academic achievement and/or financial need. Eligible candidates must be certified as students in the Kelley School of Business. Ordinarily, a student transferring from another institution must complete at least one semester of full-time study at Indiana University in order to be considered for a scholarship. For further information, please contact the Undergraduate Program Office in the Kelley School of Business or visit our Web site at www.kelley.iu.edu/ugrad/.

Financial need is determined by the Office of Student Financial Assistance, Franklin Hall 208. To apply for most types of financial aid, students should complete a Free Application for Federal Student Aid (FAFSA), plus submit a Financial Aid Transcript (FAT) from any college or university previously attended. Information about these forms and about financial aid procedures is available by calling (812) 855-0321.

Dean's Honor List
All undergraduate students in the Kelley School of Business with a semester grade point average of 3.5 or higher are recognized on the Dean's Honor List. Students whose names appear on the Dean's Honor List after either a semester or summer session are honored on Founders Day in the spring semester.

Academic Distinction
Academic distinction for excellence in scholarship is awarded at Commencement to a limited number of students graduating in business with the degree Bachelor of Science. The number so honored will not exceed 10 percent of the graduating class in the school for that year. Graduates whose grade point averages are in the highest 1 percent and who complete at least 60 credits at Indiana University are graduated with "highest distinction"; those whose grade point averages are in the next highest 4 percent and who complete at least 60 credits at Indiana University are graduated with "high distinction"; and the remaining 5 percent who complete at least 60 credits at Indiana University are graduated with "distinction." Graduates receiving these honors have them so noted on their diplomas and in the Commencement program and are eligible to wear the cream and crimson fourragère at Commencement. Notations in the Commencement program are tentative pending completion of all course work. Students must complete their final semester with a grade point average sufficient to warrant the diploma and transcript notation of academic distinction.

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