February 19, 2019

AACSB Accreditation Achieved for College of Business

AACSB International (AACSB) has announced that the University of Mary Washington has earned accreditation for its College of Business. UMW is one of only five U.S. schools to receive accreditation recognition this year. AACSB is the longest-serving global accrediting body for business schools and the benchmark of quality for business education worldwide.

We applaud the leadership, faculty, and staff of the College of Business. This is quite an accomplishment for Mary Washington and one that will have positive impact on our student and faculty recruitment as well as our international reputation. Earned by only 5 percent of the world’s schools offering business degrees, AACSB accreditation signifies that UMW’s business programs feature innovative programs that will enable us to continue to recruit outstanding faculty, high achieving students, and international scholars. Also, this distinction will attract more employers eager to recruit our College of Business students and produce graduates that earn highly competitive salaries.

Congratulations to former and returning College of Business Dean Lynne Richardson and Acting Dean Ken Machande, who oversaw the rigorous and lengthy AACSB accreditation process. As Dr. Richardson relayed recently to a reporter: “To earn this accreditation, schools of business must meet 15 very high standards as well as expectations in the areas of strategic management and innovation, participants (students, faculty and professional staff), learning and teaching, and academic and professional engagement. This is a multi-faceted, multi-year process and there are steps all along the way that must be met.”

This was a campus-wide effort, and we express our appreciation for the diligent efforts over many years by all involved. Please join us in extending heartfelt praise to the faculty and staff of UMW’s AACSB-accredited College of Business.


MBA Students Create New Plan for Stafford Airport

An MBA student group, in concert with the UMW Center for Economic Development (CED), has worked on a project for the Stafford Regional Airport (SRA).

The group of COB/MBA students, working with Associate Professor of Management & Marketing Louis Martinett and CED Executive Director Brian Baker as well as alumni mentor Micah Dalton, produced a written strategic marketing plan for SRA. The outcome of the planning process was a plan that described a clear strategy for growth for SRA. The strategic marketing planning process included hands-on work with the Stafford Airport Authority, preparation, and follow-up evaluations along with a clear strategic plan of implementation.

Through the process, the student team and the Airport Authority worked together on a review of the current business model, revising the mission and vision, answered key questions for expanding the scope of business, and identified opportunities and defined ideas for expanding the business footprint of SRA.  The student team included Omar Awan, Megan Holder, Steven Ping, Max Watson, Kaitlynn Wickersham.

Dave Ellis, vice chairman of the SRA Authority and a 25-year Air Force veteran with nine years in a senior civilian role at Air Force Headquarters in the Pentagon said: “During those years, I’ve been through numerous planning exercises and the project led by these UMW grad students has the been the best by far. Each meeting was professionally run and we accomplished specific activities and achieved desired outcomes to produce an exceptional Strategic Plan. The plan will re-focus our collective efforts into a cohesive approach, allowing the SRA to deliver outstanding experiences to our customers, business partners and the community.”

UMW Executive-in-Residence to Speak Oct. 28

Dave Carey, co-founder and president of ROI Training, will speak on how businesses can hire and retain the right talent at the University of Mary Washington on Wednesday, Oct. 28. Named the College of Business’ Executive-in-Residence, Carey will discuss the benefits of hiring from a liberal arts school and touch on tips for working with […]

Business Faculty Publish Article in Management Decision

Rachel Graefe-Anderson and John Marsh, both assistant professors in the College of Business, have published the article “Cashing-In: Understanding Post-Acquisition CEO Stock Option Exercise” in the journal Management Decision.


Dr. Graefe-Anderson


Dr. Marsh


Henderson Receives Outstanding Paper Award

Assistant Professor of Accounting Dave Henderson’s paper “E-business internal audit: The elephant is still in the room!” has been named as the Outstanding Paper of 2014 by the Journal of Applied Accounting Research, where it was also published. Henderson co-authored the paper with Amr Kotb, Accounting, Finance and Information Management Department at Lord Ashcroft Business School, and Alan Sangster, Accounting, Finance and Economics, Griffith Business School, Griffith University, Nathan, Australia.




Garcia Publishes in Computational Economics

Christopher Garcia, assistant professor in the College of Business, recently had his article “Winner Determination Algorithms for Combinatorial Auctions with Sub-cardinality Constraints” accepted for publication in Computational Economics. The paper will be published in December but is already available at: http://link.springer.com/article/10.1007%2Fs10614-015-9496-5

Phillips to Present at International Conference

Nichole Phillips, assistant professor in the College of Business, recently had her co-authored conference paper Estimating the Likelihood of Strategy Implementation Failure: An Exploration of Middle Managers’ Markers accepted for presentation and inclusion in the program of the Eastern Academy of Management International’s Managing in a Global Economy XVI Conference taking place in Lima, Peru from June 21-25, 2015.

Zhao Publishes in Journal of Management Analytics

Xiaofeng Zhao, associate professor in the College of Business, recently had his co-authored article “Analyzing the time buffer in the Theory of Constraints based lean operations” published in the Journal of Management Analytics, Volume 1, Issue 3.


Spring Training

Dancing the Macarena with a giant squirrel named Nutzy on top of a dugout wasn’t exactly what Kayla Crawford had in mind when she signed up for her summer internship.

Spring Training

Kayla Crawford completes a summer internship with the Richmond Flying Squirrels.