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Kelley School of Business Undergraduate 2004-2006 Online Bulletin Table of Contents

Kelley School of
Business 2004-2006
Academic Bulletin

Undergraduate Program 
Kelley School of Business 
Indiana University 
1309 East Tenth Street, BU224 
Bloomington, IN 47405 
Local: (812) 855-0611 
Contact Undergraduate Program 

Kelley School of Business

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

Mission of the School

The Kelley School of Business is committed to providing a personally and professionally transforming experience for men and women of 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 also 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
Undergraduate Career Services
The Business/School of Public and Environmental Affairs (SPEA) Library

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Academic Advising

All undergraduate business students have the opportunity to work with academic advisors. The business advisors have offices in the Kelley School of Business and are available to help students in setting academic goals, realizing the skills needed for success, selecting courses, and addressing general and special problems related to their business programs. Advisors are available by appointment, which may be scheduled by calling (812) 855-2614.

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Undergraduate Career Services

Director: Susie Clarke, B.S. (Indiana University, 1979)

Senior Associate Director: Scott Zanger, M.S. (Indiana University, 1991)

Associate Directors: Mark Brostoff, M.H.A. (Washington University, 1982); Mercedes Enrique, M.B.A. (University of Toledo, 1989); Jody Hestand, M.S. (Southern Illinois University, 1993)

Undergraduate Career Services is located in the Kelley School of Business room P100, and serves as a meeting ground for all Indiana University undergraduates seeking business careers and for business organizations wishing to employ college graduates. Students seeking entry into the Kelley School of Business must complete the 2 credit hour course, X220 Career Perspectives. Completion of this course is also required for all students seeking business internship opportunities via Undergraduate Career Services. All seniors on the Bloomington campus who want to interview through Career Services must have successfully completed the 2 credit hour business course X420 Business Career Planning and Placement (late in their junior year or during their senior year). In these two courses, every effort is made to assist in the evaluation of personal career potential, to determine where individual skills can be best used, and to help organize job campaigns.

Each year, hundreds of companies send representatives to the Kelley School of Business to interview prospective candidates with business career aspirations. Other firms provide information regarding opportunities of interest to both graduating students and juniors seeking internships. Undergraduate Career Services coordinates the recruiting programs, makes information available regarding all job openings brought to its attention, and refers qualified students to companies that do not interview locally. Its extensive Web site of continuously updated career resources is available at ucso.indiana.edu/bpo-cgi/all_hot_links.cfm.

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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 online systems that link index and abstract databases and provide full-text images and printouts.

Among the systems now available at the Business/SPEA Library are Factiva, Business Source Premier, Investext Plus, ABI/Inform, RDS Business Reference Suite, Sports Business Research Network, Thomson Research, Baseline, Lexis/Nexis Academic, Bloomberg, Hoover's Online, and MarketResearch.com.

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 subscribes to more than 1,000 journals.

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History of the Kelley School of Business

Business education at Indiana University dates back over a century and a half to the first Indiana University catalog, 1830-31, which included political economy in the curriculum. From this first course, during the remainder of the century, there developed a Department of Political Economy, later referred to as the Department of Economics and Social Science, and it was early courses in these areas that grew into 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. 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, 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; in 1933 it 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 include freshmen until 1995, when the Direct Freshman Admission Program began. 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 were offered for four major areas in business, as were three two-year certificate programs.

In 1997 E. W. Kelley, an undergraduate alumnus of the Indiana University School of Business, donated $23 million to assist the school in 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, 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, made up of those administrators mentioned above, along with two elected faculty representatives, administers Kelley School of Business policy. In addition, 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 six 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), the Systems and Accounting Graduate Programs (Bloomington), and the Office of the Director of Kelley Direct (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.

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

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 top 10 percent, or fewer, of the senior class and the top 7 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
The Computer Information Systems (CIS) major is one of the most dynamic, challenging, and rewarding areas of study at Indiana University. CIS is going strong; its majors are consistently in the highest-paid group of graduates, according to Undergraduate Career Services. The CIS Club is one of the premiere student organizations at the Kelley School of Business. It is run by students and has over 300 members.

Indiana University DECA is a professional business association for students preparing for a variety of career areas, with specific emphasis on the areas of marketing, management, merchandising, and entrepreneurship. IUDECA is affiliated with the Kelley School of Business, DECA Incorporated, and Delta Epsilon Chi. Over 8,000 members participate in chapters across the United States, Canada, Mexico, and Germany. Members have an opportunity to engage in activities that promote leadership development, international competition, civic consciousness, and social intelligence. International Career Development Conferences are held each year, where members can compete in business simulations, case studies, and prepared business manuals. Please visit www.deca.org for further details.

Delta Sigma Pi and Alpha Kappa Psi
These national professional fraternities for men and women 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.

Equities Cup
The Equities Cup is an undergraduate stock market competition that provides individuals and numerous universities an arena in which to compete for the highest market returns during each semester. The Equities Cup has established the Equities Cup Varsity Fund, a money management team selected by application, to represent the fund in competitive trading. In addition to the competition, the Equities Cup has developed The Golden Dollar. The Golden Dollar is a student run financial news publication that delivers news that is both educating and entertaining. It can be found at www.indiana.edu/~gdollar. The Equities Cup Web site is www.indiana.edu/~equities. For more information, please contact: equities@indiana.edu.

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.

Health Care Association
The Health Care Association of Indiana University is an undergraduate business organization dedicated to career development for all IU students interested in healthcare or health and life science-oriented careers. By listening to presentations from healthcare professionals, participating in case studies and service activies, and interning or shadowing within healthcare organizations, students begin their career development.

International Business Association (IBA)
IBA is a professional student organization in the Kelley School of Business. Our members come from various backgrounds and majors but are united by their interests in international businesss issues and career opportunities. The mission of IBA is to bring people from different backgrounds together in a welcoming environment that fosters understanding of international business and global issues, develops excellent future leaders, and provides networking opportunities with multinational companies.

Kelley Emerging Leaders
KEL emerged from the Minorities in Business Program, which was part of the Kelley School of Business from fall 1989–2004. KEL addresses the needs of students who are currently underrepresented at the Kelley School of Business: African Americans, Hispanic Americans, and Native Americans. As other underrepresented groups are identified, they, too can become a part of this program.

Kelley School of Business Student Ambassadors
The Ambassadors are made up of a select group of volunteer undergraduate students who facilitate in the recruitment efforts of our Undergraduate Program. They assist in High School Information Sessions, participate in open house events, conduct telethons, are mentors to direct admit freshmen, are "day hosts" to prospective students, and attend spring receptions and other events to promote our programs.

Kelley Student Government
The student government represents the official voice of the Kelley Undergraduate Program, promotes the Kelley School of Business in the business community, facilitates strong relationships between students and staff, serves student organizations, and collaborates with faculty to influence Kelley School of Business policy.

Kelley Student Alumni Partners
Kelley Student Alumni Partners was formed by the Alumni Programs Office with the goal of developing and maintaining connections between alumni and undegraduate students. The team is made up of a select group of dedicated undergraduate students who facilitate the relationship between alumni and students. The team provides excellent networking opportunities for current business students to meet with successful Kelley graduates and learn from their past experiences.

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 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 Accounting Society
The Student Accounting Society provides students with the opportunity to network with accounting professionals and learn about the career opportunities that an accounting degree provides. The club also engages in social and community services events. For more information contact sas@indiana.edu.

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 firsthand through application, presentations, and networking opportunities.

The Tenth Street Times
The Tenth Street Times is the undergraduate newspaper of the Kelley School of Business. This publication dedicates itself to covering the events, issues, and activities of our business school and of the domestic and international business environments. Writers and page editors are needed for each of the paper's four issues per academic year. For more information contact tst@indiana.edu.

Toastmasters International is the leading club at the business school devoted to making effective oral communication a reality for its members. The club helps students learn the art of speaking, listening, and thinking—vital skills that promote self-actualization, enhance leadership potential, foster human understanding, and contribute to the betterment of humankind. The club is open to all undergraduate students regardless of major.

Undergraduate Management Consulting Association
The Undergraduate Management Consulting Association is an organization open to all undergraduate IU students expressing an interest in learning about or pursuing a career in the management consulting profession. As a professional organization in the Kelley School of Busines, it provides networking opportunities by inviting guest speakers from top consulting firms to club events; enhances awareness of and experience in the profession through consulting engagements, competitions, and visits; and makes available the opportunity to meet other students with similar interests through committee involvement and fundraising events.

Women in Business
Women in Business is a professional undergraduate organization that strives to identify and address the issues women face in the business world and workplace, and to have a great time in that process. All academic majors are welcome. To join, go to www.iub.edu/~wib/.

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Opportunities, Scholarships, and Awards

Civic Leadership Development
Director: Helen Ingersoll, hingerso@indiana.edu

The Kelley School of Business is dedicated to offering its students a seamless education—one that begins with its high-quality academics and flows naturally into activities that enhance the curriculum. The Civic Leadership Development (CLD) Program helps Kelley students understand and appreciate philanthropy, good citizenship, and social responsibility. By providing direct service, students learn the role of nonprofits and experience the satisfaction of volunteering. "Through our volunteer activities we can give the one thing that no amount of money can buy, no corporate board can order, and that no other person in the universe possesses—our very own personal time and attention given to those in need." -Jeffrey W. Comment, Chairman and CEO, Helzberg Diamonds, and alumnus of the Kelley School of Business. CLD was selected by the John Templeton Foundation for inclusion in The Templeton Guide: Colleges that Encourage Character Development.

CLD Web site: www.kelley.iu.edu/civic/

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. A student transferring from another institution must complete at least one semester of full-time study at Indiana University before being admitted to the Kelley School of Business and considered for scholarships. 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 aid for need-based scholarships and federal financial aid 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). It is available from high school guidance counselors or at the FAFSA home page: www.fafsa.ed.gov. Remember to list IU's federal school code of 001809 as one of your college choices (step five), and be sure to file your FAFSA as soon after January 1 as possible (and definitely before March 1). Information about financial aid procedures is available at www.indiana.edu/~sfa, or by calling the Office of Student Financial Assistance at (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 Bachelor of Science degree. 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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