October 21, 2002
Outreach of the Indiana State University School of Business
radio segment] to
provide new directions in financial services for Indiana, the
nation, and the world.
the past several years, the financial services industry has been
faced with a number of challenges and opportunities. The development
of innovative approaches for dealing with emerging issues and trends
is necessary to ensure the long-term vitality of the industry.
NetWorks is such an approach.
concept of NetWorks emerged from the work of a number of people,
including faculty from the ISU School of Business who participated
in a “quantum leap team,” as well as representatives of the
financial services industry and the state’s political
These individuals were charged by ISU President Lloyd W. Benjamin
III to examine ways in which the School of Business could build upon
its strengths to better serve Indiana and move it—and ISU—to
greater prominence. The result was the development of NetWorks—a
shared vision designed to capitalize on the school’s history of
providing leaders for the financial services industry within the
state and nationally.
vision became a reality thanks to the generosity of the Lilly
Endowment, which manifested itself in the form of a $20 million,
four-year grant to the ISU Foundation. As a result, NetWorks will
build upon the traditional strengths of ISU and its School of
Business to provide a platform for the development of
“reality-based, innovative approaches” to dealing with emerging
issues and trends in the financial services industry.
is intended to serve as a catalyst for change within the School of
Business and the financial services industry itself. In fulfilling
this purpose, NetWorks will function as an incubator of intellectual
capital. It also will seek to accomplish its goals through the
formation of new partnerships among participating educators and
the activities it will engage in are:
Innovative Thinkers and Scholars from Academia
the Best and the Brightest Students to ISU’s School of Business
Executive Experience through Scholarly Exchange
Opportunities for Open Exchange of Ideas
Opportunities for Financial Services Awareness Programs
Curricula Development within the ISU School of Business
and Centers of Excellence
of Networks’ principal functions will be to spawn focused Centers
of Excellence. These centers may emerge from the issues presently
confronting the financial services industry such as risk management
or ethical leadership. They may also develop as a natural outgrowth
of NetWorks conducting its various activities.
ISU students and faculty with teaching and learning opportunities
through various collaborations with scholars and practitioners from
around the world also is a primary focus of NetWorks. It is
anticipated that these activities will give rise to additional
Centers of Excellence in ISU’s School of Business. These centers
will be designed to positively impact both education and
School of Business
State University’s School of Business is dedicated to providing
its students with focused and participatory educational experiences
that will help them succeed in their careers. In doing so the school
reflects ISU’s philosophy of providing a personalized educational
experience built upon smaller class sizes, a faculty committed to
teaching excellence and involvement with students, and the
opportunity to participate in active or experiential learning
through internships or other similar activities.
School of Business also seeks involvement in collaborative endeavors
that will enhance educational opportunities for its students while
having a positive impact on a given profession. Such an effort
exists in the Gongaware Center for Insurance Management
As a result, the center’s programs include student scholarships,
executive education, and industry research.
by an outstanding faculty with strong research credentials, the
Indiana State University School of Business is fully accredited by
the AACSB International—The Association to Advance Collegiate
Schools of Business.