Lake Superior State University
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Gary Benjamin '70

President and COO, Champion, Inc.
Iron Mountain, MI

LSSU Business, Economics, and Legal Studies Distinguished Alumni '07

Former LSSU Board Trustee

School of Business

2012-2013 News

News Archive

Robotics expert inaugurates Entrepreneur-in-Residence lecture series | Feb. 7, 2013

Lake Superior State University's College of Business & Engineering launched a new Entrepreneur-in-Residence lecture program on Feb. 4-5 that featured speaker Adil Shafi, president of Advenovation Inc. of Rochester Hills. The company works with numerous businesses and institutions throughout the US, Canada, Mexico, Europe and Japan. In his many years of involvement with the manufacturing automation industry, Shafi has worked with Chrysler’s Stow-n-Go mini-van program and the US Air Force F-35 fighter jet program, and he wrote specifications for some of the robotic fabrication processes for the heat shield for NASA’s Orion spacecraft, a candidate to replace the space shuttle. Shafi's four public sessions provided insights into 14 distinct topics that dealt with launching and growing a business from scratch. Run a Web search on "LSSU Engineering" to keep tabs on upcoming programs. (LSSU/John Shibley)

Watch for updates and links to selections from his lectures.

Marketing on the Menu | Feb. 4, 2013

Lake Superior State University's state-appointed trustees and LSSU leadership enjoy dinner with students from last semester's sports and events marketing course. The 20-student class designed and managed all aspects – staffing, publicity, recruiting sponsors, and revenue tracking - of three fundraising activities that raised a total of $4,149.70 for area charitable and worthy causes. Heather Cuthrell (second from left) and her team organized a trivia night that raised funds for the Sault's Downtown Development Authority. Kirsi Heikkinen (third from left) and her team hosted a "Run for the Law" 5K run/walk to benefit The Thin Blue Line of Michigan, a non-profit that provides assistance to families of ill, disabled or deceased law enforcement and first-responders. Cuthrell chats with Trustee Ann Parker; to the right of Heikkinen are LSSU President Tony McLain, Trustee Doug Bovin, and LSSU Vice President for Finance Sherry Brooks. Heikkinen is a sophomore from Sault Ste. Marie, Mich., majoring in business administration/marketing with dual minors in international business and sports marketing. Cuthrell is a junior in sport and recreation management from Waterford, Mich. (LSSU photo by Drew Putvin)

Investment Club plays big role in I-500 marketing | January 30, 2013

By Peter Pietrangelo / I-500 Publicity

SAULT STE. MARIE – The Lake Superior State University Investment Club played a big role in marketing for the 45th annual International 500 Snowmobile Race, to be held Saturday, Feb. 2. As a result, the club is earning money to help with expenses on its annual trip to New York City.

Working with the I-500 board of directors, the club sold advertising for the newly expanded Raceweek program in advance of race week and will be selling programs at the race itself. LSSU senior business administration student Miranda Fortenberry, Sault Ste. Marie, shepherded a team of eight LSSU students to sell advertising throughout the community. The students sold more than $4,000 worth of advertising to pay for production of the 45th annual I-500 Raceweek commemorative program and earned more than $650 for the club’s annual trip.

Fortenberry worked closely with LSSU alumni Michael Willette ‘08 and Peter Pietrangelo ’10 on the project, which representatives of the I-500 said they hope will bring in more than $7,000 toward future enhanced marketing initiatives.

“We set lofty goals for the LSSU Investment Club, and they surpassed those high expectations,” Willette said. “We had to add more pages to the program to accommodate all the advertising they sold. Their hard work enables us to give our customers more value.”

“This has been a wonderful learning experience for all involved,” Fortenberry said. “It is a hands-on project that creates camaraderie and teaches business relations in a very forthcoming manor. Everyone who had a part in this project, or will in the future, will benefit.”

Club members who participated in the project included Alex Feravich, a senior sports and recreation management major from Cedar Springs; Andrew Althaus, senior, finance and economics, Temperance; Tina VanAlstine, senior, accounting; Kati Voigt, senior, finance and economics; Brenna Moher, junior, accounting; Allison Walsh, sophomore, accounting; Sam Gilbert, junior, finance and economics, all from Sault Ste. Marie; and Ramsey A’ve, senior, political science, Detroit.

The Investment Club is selling programs for $5 each throughout Sault Ste. Marie during “race week” and will be selling them at the I-500 track on race day. The International 500 Snowmobile Race is the oldest, longest oval snowmobile race in North America. It has been a 100-percent volunteer effort since its inception in 1969.

LSSU’s Investment Club was founded in 1999 to allow students to enhance their knowledge of stock analysis, economic trends, global finance behavior and stock portfolio management. The club holds a portfolio of securities and cash that is managed by students who follow market data and conduct fundamental stock analysis under the advising of LSSU finance faculty. The club’s advisor is Prof. Gerald Root CFA. For more information about the club or LSSU finance programs, visit lssu.edu. For more information about the I-500, visit i-500.com. (LSSU photo by Malloree McLeod)

LSSU students promote energy efficiency | January 2013

Lake Superior State University Enactus students teamed up with Cloverland Electric Cooperative and distributed over 1,200 free compact fluorescent lightbulbs (CFLs) in November during a Laker hockey weekend. The energy-saving light bulbs were provided through the co-op's Energy Optimization program.

Enactus is an international nonprofit organization that brings together student, academic and business leaders who are committed to using the power of entrepreneurial action to improve the quality of life and standard of living for people in need.

The group's "Green-Light" program educates people on energy usage and how to save money by using CFLs.

Reprinted with permission from Cloverland Electric Cooperative

Central Savings Bank invests in South Hall | January 2013

CENTRAL SAVINGS GOES SOUTH – Central Savings Bank Chairman of the Board W. W. "Frenchie" LaJoie (seated, center left) hands off a ceremonial check to Lake Superior State University President Tony McLain. The check represents a $150,000 gift to the South Hall Renovation Project at Lake Superior State University. Standing from left to right are Central Savings Bank Director Dennis Skinner, CSB Board Members William Lynn and John Jorgensen, Sr.; Senior Vice President Cathy Mason; and Board members James Baril, Richard Moran, Paul Brewster, and James Popour. Seated from left are CSB President and CEO Ron Meister, Chairman LaJoie, President McLain, and Tom Coates, executive director of the LSSU Foundation Office. (LSSU photo by John Shibley)

Lake Superior State University's campaign to renovate South Hall into a state-of-art facility that will house its school of business has received a major gift from Central Savings Bank. The $150,000 donation means the Central Savings Bank Center for Strategic Business will anchor South Hall's second level.

LSSU accepted the check during a meeting of the Central Savings Bank's Board of Directors on Jan. 8. CSB’s contribution, from restricted funds, started in 2005, when the Board of Directors first approved the Bank’s pledge to the South Hall Project.

The restoration and renovation project, slated to begin in winter 2014, will turn South Hall into a cutting-edge learning environment for students and collaborative space for the community, while preserving an important historic building on campus. When it's completed, the building will house LSSU’s School of Business and its Center for Entrepreneurship and Innovation.

“I have always believed there is a need for an identifiable home for the School of Business at Lake Superior State,” said Central Savings Bank Chairman of the Board W. W. “Frenchie” LaJoie. “Some of our best employees are graduates of the program and with the combination of talented faculty and an outstanding facility, LSSU can produce a whole lot more.”

The CSB/LSSU relationship goes back for more than four decades.

 

School of Business Seniors join ranks of best and brightest in coutnry | November 2012

Nine of 58 LSSU business students participating in the spring 2012 Major Field Test (MFT) in business ranked nationally in the top 10 percent. Recently-released results of the end-of-program test featured David Pawley, Accounting/Economics & Finance, in the top 1%, with Magen Umlor, Finance & Economics, and Dawn Sonntag, Finance & Economics and Business Administration-Management, placing in the top 3%.

Six students: Mikl Gagne, Booth Leslie, Kyle Pobur, Kramer Sally, Nicholas Cordes, and Chelsie Reese, were included in the top 10%, which put the mean score for LSSU business students in the top 25% rank of all participating undergraduate schools in the USA. A total of 32,982 students from more than 430 undergraduate programs participated in the 2011-12 academic year's testing. Particular strengths were noted in accounting, finance and economics, international issues, management, and marketing, in which LSSU average scores were five points or more above the national mean.

The MFT is a comprehensive assessment tool designed to measure a student's critical knowledge and understanding in the areas of accounting, economics, management, quantitative analysis, finance, marketing, legal and social environment, information systems, and international business. The test is offered each semester and is part of the BUSN466 capstone course. Section 1 of the fall 2012 class out of Petoskey recently took the exam, while section 2 is slated to take the exam toward the end of November.

School presents at Best of the Regions Competition | October 2012

Faculty from the School of Business attended the 2012 Best of the Regions Competition hosted by the Great Lakes Council Accreditation Council for Business Schools and Programs (ACBSP) Region 4 on October 4th and 5th in Schaumburg, Illinois. Professors Mindy Poliski, Valerie Filek and Dr. David Finley discussed the key outcomes required of graduating baccalaureate students. Notably, many related to corporate ethics, social responsibility, and sustainable relationships within the local and global communities. Poliski touched on the volunteer income tax assistance effort, while Filek focused on Hoops for Hope, an annual three-on-three charity basketball tournament. Lake Superior State was one of 18 schools asked to present during three breakout sessions at the conference, which focused on the theme of Sustainability and Corporate Responsibility in the Classroom. View a PDF of the PowerPoint presentation for more information. Just click on the text icon in the top left corner of each slide to read the presenter's notes.

 

 

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