Prof. John Norton Resigns from UMKC

Former associate director of the Institute for Entrepreneurship and Innovation resigns

Prof. John Norton, a faculty member of the Henry W. Bloch School of Management at the University of Missouri-Kansas City, has resigned from the university, effective March 15.

Norton served as associate director of the Regnier Institute for Entrepreneurship and Innovation at UMKC.

“I am as passionate as ever about teaching entrepreneurship and innovation to our excellent Bloch School students, but I have reached the conclusion that my role in events of recent weeks may distract from that mission,” Norton said. “It’s critical to students and the community that this excellent program be able to move forward and continue fostering the growth of entrepreneurship education.”

UMKC Dean David Donnelly accepted Norton’s resignation and thanked him for his contributions to the university. He agreed that the step was in the best interest of the Bloch School and the university, and expressed appreciation that Norton put the educational needs of students first.

“John has always worked hard on behalf of our students and was dedicated to their success and to the success of our program,” said David Donnelly, Dean of the Henry W. Bloch School of Management. “We wish him well in his future endeavors.

Professor Named to Economic Development Corporation

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Narbeli Galindo, Instructor, International Business and Finance

Narbeli Galindo has been named by the Economic Development Corporation of Kansas City to the new position of coordinator of international business development Jan. 1

With more than 25 years of international business experience, she will consult with businesses on import and export opportunities, work with international companies to open facilities in Kansas City and manage international dignitaries during visits to the city. Galindo most recently was managing director of her own importing business.

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Bloch ranking validated

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Independent review upholds No. 1 research ranking

The University of Missouri System Board of Curators today released the findings of an independent review of the academic rankings of the Bloch School of Management at the University of Missouri-Kansas City.

The Board of Curators commissioned the review in response to a request from Gov. Jay Nixon after questions were raised regarding rankings of the Bloch School of Management. The review was conducted by Robert D. Hisrich, Ph.D., who retired as of Jan. 1 as Garvin Professor of Global Entrepreneurship and Director of the Center for Global Entrepreneurship at Thunderbird School of Global Management in Glendale, Ariz. Dr. Hisrich was aided by work conducted by the global audit and accounting firm PwC, formerly known as PricewaterhouseCoopers.

Among the conclusions reached by Dr. Hisrich in the report released today:

  • The journal article that led to the Bloch School’s top ranking in innovation management research was consistent with generally acceptable professional practices.
  • The $32 million gift from Henry Bloch for a new building was not motivated by past and future rankings but by enrollment growth.
  • Information provided to the Princeton Review Board for certain years was inaccurate in three subject areas, but he couldn’t conclude that the information made a material difference in UMKC’s rankings.

“I am pleased to have the Bloch School’s No. 1 ranking in innovation management research validated, but I take seriously the report’s conclusions on the three areas of flawed data in the Princeton Review application. We have already implemented changes and will continue to seek ways to improve our data collection,” Morton said.

On the ranking in the Journal of Product Innovation Management, the Hisrich report found that the journal article that yielded the No. l rankings in product innovation management – for UMKC as an institution, and for Prof. Michael Song as an individual – was “consistent with generally acceptable professional practices.”

The review by Hisrich found no basis for the charge that the school sought to artificially inflate rankings in order to persuade philanthropist Henry W. Bloch to donate $32 million for construction of the new Bloch School building that opened in August 2014. According to the review, the decision to donate the funds was made by Mr. Bloch in the spring of 2011, many months before the publication of the JPIM article.

The Hisrich review questioned flawed data reported to the Princeton Review Board including the number of student clubs cited by the Bloch School, the way mentor programs were counted and how certain enrollment numbers were calculated. The Bloch School’s undergraduate and graduate entrepreneurship programs have ranked among the top 25 in the nation five different times.

Chancellor Morton said Bloch School Dean David Donnelly has already made changes to the way the data was collected and reported this year. In addition, Morton said the Bloch School has appointed a special faculty committee to oversee the processes involved in any rankings submissions going forward.

Hisrich stated in his report that he could not determine whether the incorrect data would have affected the overall final ranking for UMKC. Information from the Princeton Review stated that “a shift in one data point, even going from 100% to 0%, would not change the overall outcome of the 2014 ranking of UMKC’s program.”

Hisrich noted that the Princeton Review considers 40 separate data points in its rankings, most of which were unquestioned, and further added that “Recent submissions of UMKC using more conservative data has resulted in UMKC remaining in the top 25 universities in the Princeton Review rankings.”

The Bloch School’s benefactor, Henry Bloch, expressed appreciation for the thoroughness of the independent review.

“I am grateful to Gov. Nixon for insisting that an independent expert be brought in to bring the truth to light. Dr. Hisrich’s credentials and credibility are such that this report should put this matter to rest once and for all,” Henry Bloch said in a statement. “It’s time to get back to the important work of building on the successes of the Bloch School and continuing the fine work they’ve been doing to meet the needs of its students and Kansas City’s business community.”

For the Hisrich report in its entirety, please visit: http://umurl.us/RHreport.

For the PwC report in its entirety, please visit: http://umurl.us/PWCreport.

UMKC Bloch School Announces its Entrepreneur Hall of Fame

Web Story Imiage20 groundbreaking inductees make up inaugural class

KANSAS CITY, Mo. – An Entrepreneur Hall of Fame at the Henry W. Bloch School of Management at the University of Missouri-Kansas City celebrates Kansas Citians for their entrepreneurial spirit and innovative business success.

The inductees – an impressive list of the community’s foundational entrepreneurs – demonstrate Kansas City’s position as “America’s most entrepreneurial city.” They include a jeweler, real estate developer, pharmaceutical company founder and beer brewer. Henry W. Bloch, the school’s namesake, also is one of the class members. The new hall of fame and its inaugural class of inductees were officially dedicated on Friday, Dec. 5.

The hall is a result of a vision and a generous gift from Joe and Judy Roetheli, founders of the Lil’ Red Foundation. It was their vision to have a three-dimensional physical presence for the hall of fame – a place where students and visitors could come for inspiration. It is located on the main level of the Bloch Executive Hall, 5108 Cherry St. Admission is free.

“The Entrepreneur Hall of Fame is a natural outcome of our strategic mission – to support entrepreneurship in Kansas City,” said David Donnelly, dean of the Bloch School. “This hall serves as a teaching tool as it provides role models for our students, graduates and the community to emulate.”

The criteria for admission to the hall of fame is high. The selected individuals either founded or substantially grew a for-profit business; gave back to the community in a meaningful way; and live in or have ties to the Kansas City region.

“Creating an Entrepreneur Hall of Fame is exactly what we should be doing as Kansas City’s university,” said UMKC Chancellor Leo E. Morton. “It’s about honoring and preserving the past; educating and inspiring the present; and laying the foundation for the future.

“Entrepreneurship and innovation have always been key to Kansas City’s growth and development, starting with the Hannibal Bridge in 1869. The bridge was the first railroad bridge to cross the Missouri River, establishing Kansas City as a major metropolitan center,” continued Morton. “Each succeeding generation has learned from, and been inspired by, the one before. The hall of fame will provide a focal point for our finest role models and the inspiration they provide.”

Peter deSilva, President and COO, UMB Financial Corporation and Vice Chairman, UMB Bank, was the master of ceremonies at the induction ceremony; deSilva led one of the “Big 5” campaigns sponsored by the Greater Kansas City Chamber of Commerce, the effort to brand Kansas City as “America’s Most Entrepreneurial City.”

“With resources like the Bloch School, KC Sourcelink, The Ewing Marion Kauffman Foundation, Digital Sandbox, the Start-up Village, Google Fiber and others too numerous to mention here, we have a healthy, vibrant environment for entrepreneurs,” said deSilva. “With the right conditions in place, there are no limits to what visionary entrepreneurs can accomplish.”

The inductees, who were able to thrive as a result of Kansas City’s supportive/creative environment, will be recognized with a display that shows not just their faces and their history of value creation, but also an artifact – a tangible representation of their success. Exhibits of the Hall include an interactive touchscreen featuring inductee biographies, educational kiosks, artifacts from the lives of the entrepreneurs, a QR-code-enabled mobile video experience and words of inspiration from the entrepreneurs themselves.

The 2014 Inaugural Inductees

Kenneth Baum, George K. Baum and Company

Henry W. Bloch, H&R Block

David Brain, EPR Properties

Mike Brown, Euronet Worldwide

William Dunn, Sr., JE Dunn Construction

Barnett and Shirley Helzberg, Helzberg Diamonds, Inc.

Lamar Hunt, Kansas City Chiefs

Ewing Kauffman, Marion Laboratories

Bonnie Kelly, Teresa Walsh, Jerry Kelly, Silpada

John T. Lockton III, Lockton Insurance Cos

Dan Lowe, RED Legacy

John McDonald, Boulevard Brewing Company

Regnier Family, Regnier Family Foundations

John Sherman, Inergy

Terry Van Der Tuuk, Graphic Technology, Inc.

William Zahner, A. Zahner Company

Hugh Zimmer, Zimmer Companies

Intensive new MBA program for future leaders

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An intensive new one-year full-time MBA program at the Henry W. Bloch School of Management at the University of Missouri-Kansas City is designed to attract a new generation of high-achievers and future leaders to Kansas City from across the nation and around the world.

Unlike most traditional two-year full-time MBA programs, this is one of a handful of top MBA programs in the U.S. that will enable high-potential young adults to complete their MBA in only one year.  The Intensive Full-Time MBA will serve as a “career accelerator” – a break that will set students on an express path to achieve their professional goals, whether that is starting their own business, taking on leadership roles in a small business, or rising to the C-suite of a Fortune 500 company.

The bar for admission will be high: Prospective students must have a bachelor’s degree, a minimum of two years’ experience in a for-profit business, and minimum GMAT score of 650. Only about 20 percent of all students taking the GMAT score 650 or higher.

The high bar comes with a correspondingly high return. Admitted students will receive free tuition in each of the first two years of the program, financed by the Marion and Henry Bloch Family Foundation. During their year at Bloch, they will benefit from classes with Bloch’s globally-ranked faculty that blend innovation and entrepreneurship immersion experiences with classic business training. Students will be required to complete 42 hours of coursework during the year, which includes a paid internship and a three-week global experience.

“This is a perfect time to implement a full-time MBA. This program will allow the Bloch School to reach a new level of quality,” said Henry W. Bloch, longtime Bloch School benefactor and chairman and director of the Marion and Henry Bloch Family Foundation. “We want to continue to be recognized as an outstanding school of business, so we need to grow and add new programs that will benefit the Kansas City business community. The new Bloch Intensive Full-Time MBA’s innovative curriculum will transform the way students approach challenges and prepare students to lead in today’s fast changing business world.”

Dustin Cornwell, director of MBA programs at the Bloch School, said he is excited by the prospect of what this influx of top students will mean for the Bloch School, for UMKC and ultimately for Kansas City.

“Graduates of this program will become collaborative, team-building problem-solvers who see solutions that elude others. They will be well-equipped to become the business leaders of the future,” Cornwell said.  “We can keep a lot of these high-potential young people here in Kansas City if the right relationships are built and the right opportunities develop for them. We’re eager to partner with local companies to offer internships, guest lectures, networking opportunities and sponsorship opportunities for student programs and events.”

The Bloch full-time MBA becomes one of about 20 such AACSB-accredited one-year programs in the country, joining an elite list that includes Northwestern, Cornell and Emory universities.

Cornwell believes the Bloch curriculum will provide students a strong foundation in business, communication and leadership skills.

“Employers say they expect graduates of an MBA program to have technical skills. But what really sets graduates apart is being able to give presentations, communicate effectively and manage people,” said Cornwell.

In addition to the new MBA program, the Bloch School will continue to offer traditional part-time professional MBA and executive MBA programs.

Bloch Announces 29th Annual EOY Lineup

UMKC Institute for Entrepreneurship and Innovation Announces Honorees for
29th Annual Entrepreneur of the Year Awards

KANSAS CITY, Mo. –  The Council for Entrepreneurship and Innovation and the Regnier Institute for Entrepreneurship and Innovation at the UMKC Henry W. Bloch School of Management have announced the honorees for the 29th Annual Entrepreneur of the Year Awards celebration.

The dinner will be held on Tuesday, Oct. 14 at the Kansas City Convention Center.

Proceeds from the dinner benefit the Bloch School’s Regnier Institute for Entrepreneurship and Innovation, one of Kansas City’s premiere resources for educating and creating the next generation of entrepreneurs.

This year’s honorees are:

International Entrepreneur of the Year
Philip Anschutz, Owner, The Anschutz Corporation

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Philip Anschutz founded The Anschutz Corporation in 1965 after graduating from the University of Kansas with a business degree. The company’s major business interests are in the fields of communications, transportation, natural and renewable resources, real estate, lodging, publishing, and entertainment. Included within The Anschutz Corporation is the subsidiary Anschutz Entertainment Group (AEG) which built and operates the Sprint Center in Kansas City. Anschutz is a governor of the National Hockey League (NHL) and Major League Soccer (MLS) and an executive member of the Academy of Motion Pictures Arts and Sciences. Additionally, he serves as an emeritus trustee of The John F. Kennedy Center for the Performing Arts, a lifetime honorary trustee of The American Museum of Natural History and an alumnus member of the Smithsonian National Board.

Regional Entrepreneur of the Year
Tim Barton, Founder and Executive Chairman, Freightquote

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Tim Barton founded Freightquote in 1998. Barton’s innovation and leadership has been acknowledged by Entrepreneur magazine with a Top 5 spot on their “Hot 100″ list. His vision and success is evident in the recognition Freightquote has received over the years as well, including Forbes “Best of the Web” and Kansas City Business Journal’s “Top 150 Private Companies”. Over the years, Barton has grown Freightquote to more than 1,200 employees with annual revenue exceeding $500 million.

 

Marion and John Kreamer Award for Social Entrepreneurship
Sister Berta Sailer and Sister Corita Bussanmas, Co-Founders, Operation Breakthrough

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Responding to pleas from central-Kansas City parents who needed quality care and education for their children, Sister Berta Sailer and Sister Corita Bussanmas founded Operation Breakthrough in 1971. The not-for-profit agency provides childcare and a broad range of social services for working-poor families. Today, it is the largest single-site childcare center in Missouri, caring each weekday for more than 500 children who come from homeless shelters, foster homes and struggling single parent families. Operation Breakthrough also provides medical and dental care, mental health services, tutoring, parent education, a food pantry, emergency aid and case management for families in crisis.

More information about the Annual Entrepreneur of the Year Awards event can be found at bloch.umkc.edu/eoy.

Exec Ed Programs Ranked among Top 10 in Nation by HR.com

For Immediate Release May 8, 2014
Contact: Victoria Hoffman, praterv@umkc.edu

UMKC Henry W. Bloch School of Management Ranked among Top 10 Educational Institutions in HR.com Leadership 500 Excellence Awards
Bloch Executive Education Programs Drive Ranking Placement

KANSAS CITY, MO – The Henry W. Bloch School of Management at the University of Missouri-Kansas City has been ranked No. 6 in the nation for excellence in leadership programs among educational institutions according HR.com’s Leadership 500 Excellence Awards.
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