August 5, 2020

College of Business Congratulates Class of 2020

UMW’s College of Business created a YouTube video to congratulate the Class of 2020, and specifically COB graduates, on completing their degrees. Compiled by Assistant Professor of Management Alexandra Dunn, the video features COB Dean Lynne Richardson, President Troy Paino and faculty from across the college.

RICHARDSON: Schedules and Boundaries (The Free Lance-Star)

Richardson Column in The Free Lance-Star

UMW College of Business Dean Lynne Richardson

UMW College of Business Dean Lynne Richardson

College of Business Dean Lynne Richardson’s weekly column in The Free Lance-Star discusses setting routines and limits to your work schedule. Read SCHEDULES AND BOUNDARIES.

 

One of the biggest challenges of teleworking concerns schedules and boundaries. While some folks have adapted well to working from home, others would say they are failing.

Let’s start with college students. As I talked with faculty and students weekly during the last half of the spring semester, one of the recurring themes was the inability for many students to create a schedule for themselves.

It was especially difficult if the course had become asynchronous—it was not meeting at its regular time. Instead, faculty were posting videos of lectures and expecting students to watch the lectures and take quizzes or complete assignments to indicate they were “attending class,” albeit virtually. Some students, without the structure their face-to-face class schedule provided, were struggling to re-create their schedules at home. Read more.

Living below your means (The Free Lance-Star)

Richardson Column in The Free Lance-Star

UMW College of Business Dean Lynne Richardson

UMW College of Business Dean Lynne Richardson

College of Business Dean Lynne Richardson’s weekly column in The Free Lance-Star discusses how we should reconsider our spending and saving habits in the wake of the pandemic. Read LIVING BELOW YOUR MEANS.

 

THE COVID-19 pandemic has devastated the financial lives of many Americans. Between jobs lost or hours dramatically cut back, many are facing financial ruin. The stock market was in free fall for a bit, but seems to have moderated a bit lately. While no one could have predicted the impact the virus would have on the economy, it has caused many of us to consider, or perhaps reconsider, our lifestyle.

Financial advisors recommend that we save enough money to be able to pay for our living expenses for three to six months. Our living expenses would include the “must haves” and not the “wants.” Your mortgage or rent, utilities, car payments, insurance premiums, food costs, and other items specific to your situation—such as baby formula or medicine—would have to be covered. Items such as new clothing, vacations, concert tickets, would not.

Another tip from financial advisors is to live below your means. Just because you can afford something doesn’t mean you should purchase it. A couple of examples come to mind. Read more.

Challenge yourself (The Free Lance-Star)

Through Pandemic, Research Remains Top Priority at UMW

Held annually on campus, UMW’s Research and Creativity Day went virtual this year, due to COVID-19. The event allows students to share projects they’ve worked on all year.

Held annually on campus, UMW’s Research and Creativity Day went virtual this year, due to COVID-19. The event allows students to share projects they’ve worked on all year.

They put in the hours – late-night study sessions, one-on-one meetings with faculty members, conferences, presentations and projects. All year long, students have been working hard on one of the University of Mary Washington’s top priorities: undergraduate research.

A pandemic wasn’t about to stop the 14th annual showcase that highlights all of their efforts. Filled with posters in the form of PDF images and oral synopses on video, the UMW Research and Creativity Day Virtual Symposium covers everything from math and science to the performing and visual arts. The online event will be open tomorrow through Friday for questions and comments, and for all-around marveling over UMW students’ ingenuity and drive.

“It’s a time for all of us to pause to celebrate our students’ hard work, their creativity, and the knowledge they’ve produced,” said Assistant Dean of the College of Arts and Sciences Betsy Lewis. “When it was clear we wouldn’t be able to do this face-to-face on campus this year, I really wanted to find a way to replicate that sense of community and celebration.” Read more.

Show respect for all (The Free Lance-Star)

College of Business Holds Honors Night Via Zoom

The College of Business held its Honors Night on April 16, via Zoom.

The College of Business held its Honors Night on April 16, via Zoom.

The College of Business held a virtual Honors Night on Thursday, April 16. Students were inducted into the Beta Gamma Sigma honor society, and four were surprised with Outstanding Student Awards in each of COB majors/programs, and one was named the Rappahannock Rotary Ethical Student of the Year.

The recipients were:

Carley Vaughn, Patricia Lacey Metzger Memorial Award:  Accounting
Savannah Powers, Outstanding Student in Business Administration/International Business
Quintin Ricci, Outstanding Student in Marketing
Eric Boynton, Outstanding MBA Student
Dennis Ferry, Rappahannock Rotary Ethical Student of the Year

Richardson Column in The Free Lance-Star

UMW College of Business Dean Lynne Richardson

UMW College of Business Dean Lynne Richardson

College of Business Dean Lynne Richardson’s weekly column in The Free Lance-Star focuses on the value of treating each person in an organization with respect. Read SHOW RESPECT FOR ALL.

I love this story.

Walt Bettinger, CEO of San Francisco-based Charles Schwab, occasionally takes job candidates out for breakfast as part of the interview process. He arrives early and takes the manager aside, asking him to have the waiter mess up the candidate’s order. He assures the manager that he will leave the waiter a good tip, but he definitely wants the restaurant to get the order wrong!

Why, you might ask, does Mr. Bettinger do this? He wants to see how the candidate reacts to the situation. Is the candidate understanding or does he get angry or frustrated? The CEO believes it helps him determine how the candidate will deal with adversity if hired by Schwab—and we know there will be situations that don’t go the way we want in business.

This reminded me of other stories I’ve heard from people I know. We all know gatekeepers. These are the people, with various titles in an organization, who determine the flow of information among employees. Many times these are front line people with titles like receptionist or administrative assistant.

Let’s say I’m in sales and approach the receptionist at the front desk. I have an appointment with the purchasing agent and am here to check in. But I choose to be rude to the staff member, treating her with disdain and acting as if she’s not important. How long do you think I will have to wait before she lets the purchasing agent know I am waiting? Probably longer than I want. She’s got the power! Read more.