MISSION STATEMENT
Our mission -- indeed, our passion -- is the continuing advancement of the quality and relevance of our teaching and research, and of our relations with constituents. We seek to fulfill these aspirations through discovering new knowledge, creating meaningful learning experiences, preparing our students for successful professional careers, developing mutually beneficial partnerships, and Building Distinction by enhancing the reputation of the College.
CORE VALUES:
- Scholarship and learning as lifelong pursuits
- Integrity and honesty as the bedrock of our activities
- Meaningful workâinstruction, research, and service--as an integral part of our lives
- Student experiences that challenge and enrich as our professional obligation
- Collegiality as critical to our productivity
- Continuous improvement as our management philosophy
- Collaboration with the business community as essential to our success
CORE VISION STATEMENT:
We envision the Louisiana Tech University College of Business as balancing learning, discovery, community outreach, and development for an unparalleled education in the business disciplines.
We envision learning:
- Providing integrated, meaningful educational experiences to engage our students
- Preparing our graduates for successful business or academic careers
- Inspiring a lifelong love of learning
We envision research:
- Attracting and retaining faculty and students who are interested in academic inquiry
- Creating an environment supportive of research
- Fostering excellence in student research
- Ensuring that high-quality research is recognized externally and rewarded internally
We envision outreach:
- Increasing internal and external partnerships
- Leveraging CEnIT
- Broadening opportunities for alumni involvement
- Creating service-learning opportunities for students
We envision development:
- Widening our base of alumni support
- Increasing our endowment
- Creating a physical environment reflective of a highly successful business school
INSTRUCTIONAL AIMS:
In order to act according to our core values, uphold our mission, and achieve our vision, we must provide educational opportunities that enhance our undergraduate students' continued development in:
1. Leading-Edge Theory and Practice in their Discipline: more specifically, ensuring our graduates are prepared for entry-level professional positions related to their academic majors
2. Cognitive Skills and Social Knowledge, including
- the communication skills to build effective workplace relationship
- Communication Skills
- Leadership Tools
- the ability to critically and creatively evaluate problems and to think strategically
- Critical Thinking
- Creative Problem-Solving
- Technological Proficiency
- Research Skills
- the capacity to exercise judgment that includes ethical considerations in the solutions offered
- Ethics
- Professional Skills
- Global Awareness
3. Management-Specific Skills and Knowledge in the following areas:
- Financial theories, analysis, and markets
- Accounting concepts
- Production and distribution of goods and services
- Information technologies and systems
- Economic environments of organizations
- Marketing functions and strategies
- Managerial concepts and practices
- Strategic management
STAKEHOLDERS:
- Students of the College of Business and their families
- College faculty and staff
- Louisiana Tech as a whole: administrators, faculty, and others
- Business communities in Louisiana and beyond, including employers of the College's graduates
- Alumni, benefactors, and friends
- Institutions and organizations with which we can form strategic alliances
- High schools, community colleges, and collaborating universities
- Public-policymakers
ASSUMPTIONS UPON WHICH THE STRATEGIC PLAN IS BASED::
- As part of Louisiana Tech, the College of Business will remain dedicated to advancing the University's Mission.
- Enhanced assessment and accountability practices will continue to be required by accrediting agencies, government entities, and other stakeholders.
- Excellence in instruction and scholarship will remain primary commitments of the College, with instruction and scholarship being recognized as mutually supportive.
- Student enrollment in the College will remain relatively stable (baseline: Fall 2007).
- Technological changes, the globalization of the business environment, and demand for lifelong learning will continue and intensify.
- The College will explore and implement as appropriate technologies that will enhance student instruction and learning.
- A mutually beneficial two-way exchange of knowledge and ideas between the College of Business faculty and students and the business community will be recognized as valuable by all parties.
- A large number of the College's alumni will be supportive in a variety of ways.
- Given the current national market for business faculty, the recruitment and retention of faculty members will remain challenging.
- Increases in the University's selective-admissions standards at the undergraduate level and continued University emphases on graduate studies and research will result in the admission of students with increasingly stronger academic qualifications.
- Shifts in state demographics caused by Hurricanes Katrina and Rita, along with projected decreases in the number of graduates of Louisiana secondary schools, will require more emphasis on recruiting and retention of matriculates, as well as more focus on recruiting out-of-state students.
- Funding for the College will be adequate to maintain faculty, staff, and graduate/teaching-assistant positions at the level necessary to support student enrollment; to maintain physical facilities; to support basic program needs and meet student demand; and to ensure currency of technological infrastructure.
- External funding will be used to enhance programs and activities and will not supplant university budget allocations to the College.
- Faculty will increase efforts to procure external funding for discipline-based scholarship and learning/pedagogical research.
- Increases in external financial support from stakeholders will be critical for the College to achieve its goals.
Adopted: February 1, 2008