News Room

The Richard T. Doermer School of Business and Management Sciences celebrated its third annual Founder’s Day on Wednesday, October 29, 2008. The luncheon event was held to honor Richard T. Doermer, an exceptionally successful business executive, community leader, philanthropist, and a great friend of IPFW. It is, indeed, an honor for the faculty and students to have the business school, the first named school at IPFW, named after a pragmatic visionary like Dick Doermer.

Dick Doermer’s generous gift to the business school will support much needed student scholarships, faculty activities pertaining to teaching and research, and international study programs.

The event was attended by several prominent community leaders, and business school faculty, students and staff. The program included several presentations on the mission, goals, accomplishments and future plans of the Doermer School, undergraduate student accomplishments and MBA student accomplishments.

Dean Chang presented two alumni with the Distinguished Alumni Award. The Distinguished Alumni Award is given to an individual who has one or more degrees from within Richard T. Doermer School of Business and Management Sciences (undergraduate), a individual who has assumed positions of increasing responsibility in his or her field of endeavor and the position which he or she is serving appears to have a great deal of significance, and an individual who has contributed time and/or talent to IPFW and/or the community. Michael D. Coil, Better Business Bureau, was the 2007 distinguished alumni and Katherine A. Carrier, Briljent, was the 2008 distinguished alumni.

Students, Kidus Dirasse, Kyle Knerr, Elizabeth Kruckeberg, Kevin McKay, Nicholas Rolf, and Brad Steenport, shared about the 2008 Fed Challenge which is an undergraduate student competition. The Fed Challenge will be on Monday, November 09 in Chicago, IL. The Fed Challenge is a national competition sponsored by the Federal Reserve Board. In this competition, teams of three to five students assume the role of advisors to the Federal Open Market Committee in the conduct of monetary policy. Teams make a twenty-minute presentation and are then questioned by a panel of Federal Reserve in Washington for the final competition. IPFW competes in the regional competition held by the Federal Reserve Bank of Chicago. The competition encourages students to apply theoretical topics in macroeconomics and monetary policy to the actual, current economic situation. The competition requires students to assemble and process current macroeconomic information and data. It also requires students to move beyond a theoretical understanding of monetary policy into a detailed understanding of the implementation of monetary policy. Participants are expected to develop a very professional presentation style.

Dr. William Todorovic shared about the 2008 San Francisco International, which is a MBA student competition. The team consisted of James Alt, Stephen Hakel, James Ogle, and Aleshia Panbamrung, attended the San Francisco International Business Plan Competition (IBPC) April 24-26. The IBPC is an annual event that attracted nearly ninety submissions for the 2008 competition. Twenty-four were selected and invited to the final round in San Francisco. The final round includes graduate students from Cambridge (UK), Carnegie Mellon, Duke, MIT, Stanford, Michigan, Yale, and teams from Canada, China, Mexico, the Philippines, and Spain. In San Francisco, the IPFW team promoted commercialization of a technology for translating the spoken word into American Sign Language (ASL). For their excellence in creativity and entrepreneurship, the IPFW team received the Social Enterprise Award at the competition.

Professor Michael Reffeitt introduced Luke Shappel. Luke was a finance major here at the Doermer School of Business. He explained the transition of his school experiences to professional life experience. Luke now works for Tower Bank.

Professor Susan Minke introduced Ashley Osterman and the co-op program. Ashley shared her experiences while working with the co-op program here at IPFW. Ashley works for GE.

Professor Chris Cosans gave several awards for distinction in business ethics. Those students included were Cassi Bland, Maribeth Martin, Paris McFarthing and Shelby Zehr.

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