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Dividend The official online magazine of the Carson College of Business

Executive MBA Grad Wendy Brant & Daughter Celebrate Academic Milestones

WSU's spring commencement truly held a special meaning for the Brant family as both Wendy, Executive MBA graduate, and her daughter walked across the stage together to receive their diplomas. "WSU allowed me to gain an advanced professional degree without excessive commuting or weekend-only programming while I had a middle school student in the still at home,” Brant says. » More ...

Sibling Grads Say MBA is Essential to Their Career

While growing up, Juston Demke and Christina Homfeldt’s parents stressed the value of hard work and education. Their example pushed the siblings to get good grades at West Valley High School near Spokane and become their family’s first college graduates. On May 4, Demke and Homfeldt celebrated another milestone: They walked across the stage together at Beasley Coliseum to accept their online MBA degrees. » More ...

Pitfalls and Perks Founders & Star Employees bring to Innovation Teams

There are things start-up companies should consider when hiring extremely accomplished inventors or “star” employees for product innovation teams, especially when the founder is also on the team, says Amrita Lahiri, assistant professor of strategic entrepreneurship and innovation. Lahiri’s research looks at the relationship between founders and star employees in product innovation teams, how well they collaborate, and what impact those relationships have on the organization’s ability to launch new products. » More ...

The Value of an Entrepreneurial Education

Imagine a device that could make your loved one’s cancer diagnosis less invasive or new technology that could assist a wounded veteran with lost or impaired hand function. These ideas, and more—such as new ways to grow environmentally sustainable coral and improved digital currency trading platforms—are just a sampling of student innovation supported this year by the WSU Center for Entrepreneurship. » More ...

Entrepreneurial Cougs Win Big on the Circuit in 2019

Each spring, WSU student entrepreneurs gather their bright teammates, their innovative ideas, and their fledgling ventures and show them o􀃠 on university campuses across the Northwest. The yearly collegiate business plan competition circuit is a place to demonstrate academic prowess and entrepreneurial skill, and win some big titles and cash prizes. » More ...

Ph.D Corner – Director’s Message – August 2019

Dear friends:

From medical school to law school to veterinary school to an MBA program, Americans pursue post-baccalaureate education in large numbers. Surprisingly, though, not many dream of earning a doctorate, and this lack of U.S. representation in PhD programs is particularly notable in business schools. In fact, without our international professors, higher education as we know it would cease to exist in the United States.

The Carson College’s PhD program is typical of many. Foreign applicants dominate the application pool. Last year, 4 out of 18 new students were domestic and this fall, 4 out of 10 domestic students are joining us. My field of operations management represents an extreme case. We received only 3 domestic applications out of approximately 130 last year for a professor position at WSU. I am frequently one of few Americans in the room at conference research sessions.

The Carson College is a member of the PhD Project, an organization devoted to increasing the number of African-American, Hispanic-American, and Native-American business professors. The project’s efforts have helped quintuple the number of those individuals over the last 25 years. Nevertheless, the overall interest of Americans in becoming college professors remains stagnant, and it’s not clear to me why.

A business professor’s life has many features that are seemingly attractive to Americans: a good salary, vacation time, flexible work hours, an office rather than a cubicle, scholarly independence, and an opportunity to help others through teaching and research. It doesn’t take any longer to earn a PhD than a medical degree, and in most cases, PhD students leave the program with no student loans.

As I wrote about last year, the career of a faculty member becomes very entrepreneurial in nature. A professor’s opportunities are often only limited by imagination and creativity. We have tremendous flexibility regarding what courses we teach and how we engage and assess students. We typically choose our own research topics, which allows us to explore our passions in great depth.

So if you know any bright individuals with a bit of an entrepreneurial spirit who are still wondering “what to do when they grow up,” ask them if they have considered a PhD in business. (Applications for our fall 2020 admission class are due January 10.) It’s a challenge, but the resulting lifestyle after earning the degree is hard to beat!

Chuck Munson,

PhD Program Director