College of Business and Economics News
Boise couple Stacy and Russ Nelson’s gourmet marshmallow business began as a side venture but turned into their primary business. When their treats became more popular, they realized that this could be a profitable business. They enrolled in the Lean Essentials Sprint class offered by the Idaho Small Business Development Center which is housed in the College of Business and Economics.
Stacy Nelson says, “It transformed our business.” During the class they learned practical lessons to take their venture to the next level. This class provided insights like question everything, including the premise of their product, which convinced them that going organic and vegan was not going to matter to customers. Instead, they focused on taste and flavors. By focusing on their priorities and slowly reinventing themselves, Stacy and Russ were able to remake their business and attain success.
The Lean Essentials Sprint class is 10 weeks and costs $500. Learn more at Idaho SBDC.
Geoffrey Black, a professor in the department of Economics, has recently had his research about the use of small modular reactors published as a technical report by the International Atomic Energy Agency (IAEA). Small modular reactions create energy using nuclear fission and can be easily transported and assembled on site. His work started with a $41,000 grant to decide whether conditions in certain developing countries could accommodate small module reactors. His team’s report was initially published in Renewable and Sustainable Energy Reviews and later published in the IAEA’s report. Technical reports like this are rare, which indicates the importance of Black’s report. This report was then released to the 170 member states of the IAEA as a guide to establish sustainable technologies.
Christy Suciu, a lecturer in the Department of Management, has been awarded an Integrated e-Learning Modules Mini-Grant from the Kern Family Foundation. The mission of this grant is to deploy The Role of Product in Value Creation e-Learning module. This mission is part of a movement to incorporate user-driven concepts into organizations. Many organizations are trying to find ways to better accommodate people’s needs in all business processes. The grant will allow Suciu to attend a workshop in Salt Lake City and the American Society for Engineering Education (ASEE) Annual Conference and join the movement in improving business for people.
$129,355 Raised for COBE Students and Programs
The final count is in and Boise State’s first ever Bronco Giving Day was a great success with COBE raising more than any other unit with a combined total of $129,355! Gifts ranged from $5.00 to over $50,000 with 60 unique donors, many of them first-time givers to Boise State. A special thanks goes to those (listed below) who contributed challenge gifts to build the day’s excitement. A VERY special thanks to Tim Schlindwein for making a transformational gift to his student-managed investment fund that will support experiential learning, technology resources and student scholarships in the finance program. We look forward to next year and thank you all for your support of COBE!
- $60,000 to the Schlindwein Student Investment Fund by COBE Advisory Council Member, Tim Schlindwein
- $500 to the Dean Pat and Kathy Shannon Scholarship and the Schlindwein Fund by former COBE Dean, Pat Shannon
- $500 to the Current Use Accounting Scholarship by KPMG Partner, Travis Jensen
- $500 to the Current Use Accounting Scholarship by Department of Accountancy Chair, Troy Hyatt
- $500 to the Ellis Lamborn Economics Scholarship by Department of Economics Chair, Chris Loucks
- $1,000 to the COBE Current Use Scholarship Fund by COBE Dean, Mark Bannister
Jonathan Krutz recently was interviewed by Idaho Politics Weekly columnist Chuck Malloy about Idaho’s Proposition 1. Malloy’s column appeared in several Idaho newspapers – you can read it in the Coeur d’Alene/Post Falls Press here.
In the piece, Krutz discussed the unconstitutional nature of the proposed rapid-bet gambling machines and the heavy costs such machines bring to communities. Krutz researches the impacts of gambling on people, economics and the public policy process.
Earlier this fall, as president of Stop Predatory Gambling Idaho, he wrote the arguments against Proposition 1 for the Idaho Secretary of State’s voters’ pamphlet.
Michail Fragkias, associate professor in the Department of Economics, was invited to participate in a panel discussion at the general session of the 2018 Idaho Association of Counties Annual Conference. The panel was titled “Economic Development in Changing Times” and was held on Tuesday, September 25.
The panel discussed a variety of economic development subjects including what economic development means, the effectiveness of economic development strategies and if these strategies available in Idaho. Also discussed were specific things that county officials can do to enhance economic development, assigning the right level of government to the right activities and what we can or should do differently.
The moderator for this panel was Stephanie Witt, Ph.D., director of training at Boise State’s School of Public Service. The other two panelists were: David Flesher, USDA community programs director and Jeff Sayer, former secretary of commerce.
Cassie Knigge, Beta Alpha Psi financial vice president and accountancy student, was part of the winning team of Project Run With It at the Beta Alpha Psi 2018 Annual Meeting.
For the competition, teams are created from individual applications. Teams are given a real-life business problem of an actual not-for-profit organization. Team members do not have contact with each other until the Annual Meeting where they have one and a half days to develop a formal presentation showcasing a solution to the business problem they were assigned. Students come prepared to compromise, collaborate and develop a team approach under the pressure of a tight deadline.
Knigge’s team worked on Cultured Kids. The business problem was fundraising. The organization lacked time and capacity to properly develop and execute a fundraising strategy
Knigge’s team solution focused on ways to raise $300,000. Along with input and support on all aspects, Knigge researched, created and presented the budget portion of the solution.
Boise State’s Beta Alpha Psi Chapter received $1000 for the win.
Project Run With It is sponsored by Moss Adams.