• Professor Elam

    Sat April 7, 2012

    Here is an article dated January 2012 about the PCAOB enforcements to date. 

  • Professor Elam

    Sat April 7, 2012

    I have mentioned and written about social mood and its affect on society at length. But so far the students have shown little to no interest. Well a chap named Seth Grahame Smith has shown interest, and is about to become well to do as a result. The reading below also appears on themarketperspective.

    And this is no spring break student made movie, the budget is $ 70 million.

    Social Mood – Abraham Lincoln, Vampire Hunter Premiering in June

    In three years, Seth Grahame Smith has gone from writing The Big Book of Porn to the million best seller in 27 languages no less, Pride, Prejudice, and Zombies. This spawned a genre of weird spoofs of famous works resulting in Android Karenina and Wuthering Bites. (So what am I doing writing an investment blog….)

    Screen shot 2012-04-07 at 6.16.05 AMNow he is in demand, his production company has 15 movie and tv projects in the works 

    Well America is the land of opportunity and this fellow saw an opportunity.

    Here is the operative social mood explanation, though I doubt the writer has grasped it (that's our job here at TMP)

     

    His irreverent literary reboot landed at precisely the right cultural moment. In recent years, digital remixing and sampling—once viewed as derivative at best and illegal at worst—has grown widespread in music, film, television and fine art. Mash-ups are no longer just kitschy parodies. Literary writers like Colson Whitehead and Michael Chabon have experimented with horror and science-fiction themes. A zombie-infused Regency romance doesn't sound so ludicrous in today's mash-up rich environment.

    In an 18 year period of stagnation, emotions move violently from fear to joy, witness the stock market rise form last October to now. Texas Chainsaw Massacre debuted at the bottom of the market in 1974. Yet Rocky, an upbeat film, followed in 195-76. Yes this is the right cultural moment amid fascination with zombies and vampires. The national election has undecided in the lead, no wonder reader seek new genres. The trick of course is to catch the weird idea that connects with the fickle mood of the moment. Even Historian Doris Kearns, a Lincoln expert, is an admirer of Mr. Smith's work. If the markets peak this summer and tumble the next two years as we expect, Mr. Smith will have hit the cultural moment dead center, so to speak. 

     

  • Professor Elam

    Friday April 6, 2012

     

    Note to Business Students 

    Professors James Hackard, Josie Sosa Fey and I helped create a separate graduation ceremony for the School of Business. It has bene a rousing success and features a hooding ceremony for the graduate students. We also now feature an alum student who remarks on her or his experiences. 

    Written 12/14/03

    Word Count 1,323

     

    ABSTRACT

     

    Universities are under more financial pressure than ever.  The evidence suggests that universities will have to rely more and more on their own development efforts instead of state support.  One of the best opportunities to ensure annual giving by graduates is through well run graduation ceremonies.  Sadly, most universities are missing this opportunity to cement their relationship with graduates.  The author makes the point that this is the best possible day to make a ‘development impression.’  Examples of common graduation mistakes are listed.  A check list of the right way to conduct the reception and ceremony is presented.

     

    ****************

    The mistake I see most young men and women make is that they quit on the five-yard line.  Yes, they put on a great show marching down the field, but just when real success is within reach, they give up the fight and retire to the sidelines.

    Ross Perot to employees of duPont Walston, Fall, 1972

     

    Let’s examine how a successful graduation exercise can get everyone off on the right foot.  But, metaphorically speaking, most schools march right to Mr. Perot’s five-yard line, and then leave the field. Most schools have to build their program donor-by-donor and student-by-student.  Where better way to start than on the one-day students, family, and friends are most disposed to feel charitable towards the institution-graduation day!

     

    Yet these days, most schools are simply blowing the best opportunity they will ever get.  Anecdotally, let’s compare some recent experiences.  Our real life examples range from a flag ship university to a large regional to a smaller regional to an extension campus.    Names are forgone, as they said in Dragnet, to protect the innocent. 

     

    THE WRONG WAY

     

    • One flagship university actually excluded the names of the graduates from the program-a footnote stated they were yet to be certified, the name of non teaching administrators were of course prominently displayed
    • Pomp and Circumstance may be the song but not the order of the day as a regional university hawks cheese nachos, popcorn and soft drinks to the crowd
    • Events are regularly scheduled in venues that are known to not offer enough seating
    • Families are often not notified of the event, students are entrusted with this important task
    • Receptions featuring faculty, formerly a staple of such events, have been eliminated from all the events I have attended
    • While the performance hall may feature an orchestra pit, recorded music is often played in multi million dollar arenas-pomp and circumstance or just plain and cheap?
    • The faculty and administrators that do attend are obviously drafted, they usually look bored throughout the event
    • Students suspect this is the school’s last shot at making money off them as Ex Student or Alumni associations vie for a property deposit-the effect is to offer a fire sale on membership as though price were the virtue, not bonding with one’s school
    • Speakers are often chosen for what they might do for the school at the legislature-the result is often a lengthy recitation of recent legislation
    • Worse the speaker may be chosen because he/she is an alum but a boring one at that
    • Professors and administrators duck out afterwards or even before the event is finished-as the saying goes, action speaks louder than words

     

    It does not have to be this way. This IS the moment they have all been waiting for.  Make the most of it.  With more first generation college graduates than ever, there are more potential college donors than ever.  Here is the short list of what to do and what to avoid.

     

    THE RIGHT WAY

     

    Do make sure there are enough seats for everyone-no point in making the latecomers stand.  After all, they may have some money too.

     

    Do make sure there are names of the graduates in the program. Grandparents still treasure these things. After all, whose name did you think they came to see in the program?

     

    Do make sure there is live music.  Most colleges have a music department. If you are not using them now, when will you?

     

    Do make sure there is an opportunity for the graduate’s name to be read and some sort of certificate to be received. 

     

    Do demand references on the speaker. Better no speaker than one that bores the crowd or presses their personal agenda.  If a speaker is invited it should be because he or she has something to say to the graduates and family, not to promote a personal political or ideological campaign. 

     

    Do make sure the event is downsized to not be so long as to bore everyone waiting for the name of their loved one. Churches raise 45% of all the money raised in the country.  Church services last an hour.    Get the connection?   If this means separate ceremonies for each and every college of the university and even separate ceremonies for the graduate school, so be it.  Let’s not forget why people attend-to witness THEIR FAMILY MEMBER GRADUATE.

     

    Do make sure there is a reception BEFORE the ceremony.  Heady with the closure of graduation, the student will not want to hang around afterwards. Better to nab the family before the ceremony.  Names, pictures, addresses, e-mails, etc. can be easily obtained as folks enter and receive their ID badge.   This is a great chance to build your information database. 

     

    Do make sure to LISTEN!  This is a one on one survey of what stakeholders think of your school.  Most surveys cost thousands of dollars to conduct, this one comes with the graduation, virtually free of charge. You are laying the groundwork for your later contact; ask them what THEY think about the school.  I mean, we all know what YOU think.

     

    Do make sure there is a representative number of faculty at the reception.  The students are now being handed over to administrators to follow their progress in life. Like in track, let’s make sure the baton hand off is done well. I still remember my Dad’s beaming smile thirty years ago when one professor complimented him on my college performance at such a reception.

     

    Do make sure you have the outgoing faculty present. Faculty sponsors of student organizations would be the first choice.   If someone is not going to willingly participate, find something else for him or her to do.   This is no time for a draft!  

     

    Do have a development officer at each reception-do not schedule conflicting reception times for the development officer!

     

    Do make sure there are photographers at the reception.  A shot of the graduate with their favorite professor will not be thrown away later.  And make sure the photograph at the ceremony is with someone the graduate can recognize-I was hooded by a total stranger at mine.

     

    Do remind the reception attendees that they are now members of the university community.  Many donors are in fact not graduates of their chosen donees. 

     

    Do not fail to notify everyone of the reception.  The student’s permanent address is on file; use it to notify family members. 

     

    Do not fail to make sure there are plenty of helpful signs AND helpful people to answer questions about the campus.  This is no time for parking snafus.

     

    Do not make the reception a big sales pitch.  You should have explained the Century Club and its importance over the last four to five years to the graduate.  Today is their day. Remember Carnegie’s dictum-you will make more friends in two  months showing an interest in them than you will in two years trying to interest folks in you.  

     

    Do not fail to have the development officers and faculty and administration compare notes afterwards.  Intelligence gathering only works when it is gathered, analyzed, and conclusions are drawn as to the best future strategy.

     

    Graduation should be a time of celebration.  The goal is for all attendees to leave in a pleasant frame of mind, re enforced in their belief that this was the right school and the right decision for their graduate. Anything less is, well, quitting on the five-yard line.

     

    Dennis Elam wrote his PhD dissertation on the development process. He is a faculty member at a state university and may be reached at dennis.elam@att.net.

     

     

     

  • Professor Elam

    A student requested that I post this announcement on the blog and I am doing so. I wrote an essay on how important graduation is to the school itself. This was written several years back but I will post it as originally written. I will be interested in your reaction. Meanwhile…

     

    TAMU-SA Students –

     

    You may have recently received an email stating that Texas A&M-San Antonio will move to one commencement ceremony per year in May. The University has chosen to send out this survey to all students to determine student opinion on the commencement schedule. Please note, students who apply to graduate at other times during the year (i.e., Summer or Fall) will officially graduate and be issued their diploma at that time. Those students will be invited to participate in the commencement ceremony either the May prior to or the May following the semester of their graduation.

     

    For the past few years, TAMU-SA held a commencement ceremony in both Spring and Fall, and due to a lack of adequate facilities in the San Antonio area that meet our needs, we have been forced to limit the number of tickets each graduate is issued. In most cases each graduate received only eight admission tickets for their family and friends.  

     

    If the University hosts a single large commencement ceremony located at the Freeman Coliseum in May, we will be able to eliminate the need for admission tickets, and remove the restrictions on the number of friends and family members that can attend the commencement ceremony.

     

    Please take time to tell us what you think and complete this survey. The results will be shared with the student body and will guide the planning of future ceremonies. Texas A&M University-San Antonio cares about our students… your opinion counts!

     

    http://www.surveymonkey.com/s/TAMUSACommencement

     

    Thank you for completing this survey. For further questions, please contact the Office of University Communication at the Main Campus in Room 309 or call (210) 784-1100.

     

     

     

  • Professor Elam

    Friday April 6, 2012

    Coty wants Avon to increase its amarket share in Brazil.  Yes the the long billed country of tomorrow finally is. 

    Door to door is seen as the best way to get a foothold inthat market. Two years ago Brazil become the biggest market for Avon. 

    Please read this article and follow the developments, The article suggests that financing will be put in place over this long weekend, so more offers are likely next week.  

  • Professor Elam

    Thursday April 5, 2012

    This article notes that 20% of undergraduate majors are from business.  It then notes that some schools are reworking their curriculum. Too much time is spent in the nuts and bolts of finance and accounitng and not enough in critical thining,

    I would disagree. Given that most graduates are either management or marketing, most do not spend much time iun finance or accounting. 

    I would agree that there is a notable lack of required reading ( how many book reports are required in a BBA degree?) and history. I have advocated for example a class in business history. 

    Well here at Professor  Elam we have taken matters into our own hands already. Incoming students are first required to read and rflect on Emerson's Essay Self Reliance. Kirk Tuck's thoughts on achieving professional success via Lonely Hunter are also examined. We had our graduate students performing half of th epresentations last Saturday at SWTLC. We have numerous discussion sites about various articles not contained in the text. 

    Does a BBA make one a critical thinker, does a psychology BA, you tell me.

  • Professor Elam

    Thursday April 5, 2012

    Henry Blodgett uses Groupon as an example of why companies might not want ot be public companies.

  • Professor Elam

    thursday April 5, 2012

    I have mentioned LULU and its success several times in class. Here is an article on how LULU convinces women to spend $98 on sweatpants.

  • Professor Elam

    Tuesday April 3, 2012

    Avon AVP  received an unsolicited bid from Coty to buy the company. Avon is looking for a new CEO amid the offer. And it is reeling from lay offs due to the recession. I was surprised that it employs 40,000 not ocunting the would be salesforce. 

    This is a great opportunity to study a company and it value as we study the equity side of the balance sheet. Please read this article. 

  • Professor Elam

    Monday April 2, 2012

    If you are in the Graduate Ethics class,  please check the announcements on blackboard. I have posted the url to take exams over the next chapters in mintz morris