Business honor society celebrates 20 years at Lipscomb
Kim Chaudoin | 615.966.6494 |
For two decades, Lipscomb’s business students have been recognized for their high academic achievement by being invited for membership in the Eta Mu chapter of Delta Mu Delta, an international honor society in business administration.
On April 14, the College of Business celebrated the 20th anniversary of the founding of Lipscomb’s chapter of Delta Mu Delta at a special ceremony to induct the 2015 class of newly elected members of the group. Business students are invited for membership in the program based on scholastic achievement.
“Delta Mu Delta is an international honor society established to recognize and reward superior scholastic achievement of students of business administration,” Perry Moore, professor of accounting, told the students gathered for the ceremony. “Delta Mu Delta was founded in November 1913 by five professors of New York University’s School of Commerce. Lipscomb’s chapter was founded almost exactly 20 years ago today on April 13, 1995. These educators believed that recognition should be given to outstanding students on business subjects.”
Moore serves as the founding faculty adviser for the Eta Mu chapter and is serving a two-year term as president of Delta Mu Delta through November 2015.
He said the organization’s areas of focus are to promote higher scholarship in training for business and to recognize and reward scholastic attainment in business subjects.
“Delta Mu Delta was founded by leaders in the academic world more than 100 years ago,” said Ray Eldridge, interim dean of the College of Business. “I think it is very appropriate that our College of Business if affiliated with such an organization and reflects our expectations that our students take their academic pursuit seriously.”
Delta Mu Delta’s motto is “through knowledge, power.”
“Use the knowledge that you gain in extending the power of right and truth,” Moore challenged the new inductees. “Knowledge is not selfish or self-seeking. The true student will seek and obtain knowledge for the greater purpose of helping others through service and transmission of things learned.”
As part of the induction ceremony, newly elected students received a key to the society, which, Moore said, provides students a tangible symbol of their commitment.
Fully accredited by the Accreditation Council for Business Schools and Programs, one of the two largest business-accrediting bodies in the world, Lipscomb University’s College of Business is recognized throughout the region and the nation as an outstanding source of highly skilled and highly trustworthy business leaders. It is the fourth school in the nation to receive ACBSP’s new Accounting Specialization Accreditation.
Lipscomb's College of Business is the fastest-growing accredited graduate business program in Tennessee, quadrupling its enrollment since 2006 and growing an average of 20 percent per year, significantly more than all of its competitors. Fall 2014 reflected a record enrollment for College of Business graduate programs for new graduate student enrollment and total graduate enrollment. Undergraduate business student enrollment was also the highest since 2009. Spring 2015 graduate enrollment continued this trend with the highest spring graduate enrollment in history.
Business students have been successful in international competitions. A team of Lipscomb business majors outperformed 10 competitors from the University of Alabama and the University of Central Oklahoma as well as universities from Canada, Azerbaijan, Japan and Malaysia in the 2014 Business Strategy Game’s Global Best-Strategy Invitational. In the competition, students form teams to manage a worldwide athletic shoe company in a business simulation called the Business Strategy Game, distributed by McGraw Hill Education. In the game, students in each company assess market conditions, determine how to respond to competitors, forecast sales volumes in 12 worldwide markets and make decisions to position the company’s long-term direction and strategy.
Recently the college launched the innovative Master of Management Degree. Students now have the opportunity to earn a master’s degree and garner a year’s worth of business experience, all in the same year. The degree provides a formula for creating a young, creative leader with the skills and the real-world experience to quickly move into management. From the first cohort, 18 Master of Management Degree students have been hired by 16 local companies to be matched for a yearlong directed work experience, combining a year of academic course work with 25 hours of directed work-study per week for a total of 1,000 hours. The program is designed specifically for non-business bachelor’s graduates who would like to move into management in their chosen field or into business. This summer the masters of management program will be offered jointly with the College of Pharmacy & Health Sciences and as a nonprofit Master of Management degree.
For more information about the Lipscomb University College of Business, visit business.lipscomb.edu.