The Bellarmine on Business podcast is sponsored by Bellarmine's Rubel School of Business. The views and opinions expressed during The Bellarmine on Business podcast do not necessarily reflect those of Bellarmine University, its administration or the faculty at large. The episodes are designed to be insightful, thought-provoking and entertaining.
Site
RSS
Apple
Recent rankings
Latest chart positions across Apple Podcasts and Spotify rankings.
Shared links between episodes and podcasts
Links found in episode descriptions and other podcasts that share them.
Discover shows related to Bellarmine On Business, based on actual content similarities. Explore podcasts with similar topics, themes, and formats, backed by real data.
TCJA to HR 1 - What the New Tax Bill Could Mean for You
Episode 25
Thursday, June 19, 2025 • Duration 41:55
Episode 25: In this episode of the Bellarmine on Business Podcast, host Jim Ray discusses the implications of the new tax bill, HR 1, with guests Alisha Harper, and John and Alyssa Ackerman from Ackerman CPAs. The conversation covers the potential expiration of the Tax Cuts and Jobs Act (TCJA), elements of the new HR 1, and the impact on individual taxpayers and small businesses. The guests provide insights into navigating state and local tax deductions, compliance tips, and the importance of having a CPA. They also discuss the political landscape surrounding the tax bill and the future of various tax provisions.
CHAPTERS
00:00 Welcome and Guest Introduction
01:54 Introduction to the Tax Bill Discussion
03:46 Implications for Individual Taxpayers
06:38 Small Business Considerations
08:27 Navigating State and Local Tax Deductions (SALT)
22:13 Compliance and Tax Preparation Tips
25:58 Employer Retention Credit and Other Business Credits
If we could ask one favor, that would be please take a moment to SHARE this episode out on your social media. There are a lot of people out there that may not be connected yet with the Bellarmine on Business Podcast. And if you share it on your social media, Facebook, LinkedIn, whatever, that'll help other people find the information here and learn a little bit more about the kind of topics and themes that we cover here on the podcast and hopefully learn a little bit more about the Rubel School of Business and Bellarmine University.
So from all of us here at the Bellarmine on Business Podcast in Louisville, Kentucky, Swords Up and Let's Go Knights!
Disclaimer:
The views and opinions expressed during the Bellarmine on Business Podcast do not necessarily reflect those of Bellarmine University, its administration or the faculty at large. The episodes are designed to be insightful, thought-provoking and entertaining.
Want to Listen to Additional Episodes?
You can find additional episodes on the Rubel School of Business Podcast page of the Bellarmine website, various Bellarmine social media pages, Apple Podcasts, Spotify, Amazon Music, Audible, Libsyn, Podchaser and many other podcast directories. We encourage you to subscribe to our podcast so you don't miss an episode.
Interested in Developing a Podcast for Your Business or Organization?
This podcast was produced by Jim Ray Consulting Services. Jim Ray, host of the Bellarmine on Business podcast, can help you with the concept development, implementation, production and distribution of your own podcast. For more information, visit: https://jimrayconsultingservices.com/podcastproduction.
Marketing Craft Bourbon in Eastern Europe
Episode 24
Wednesday, May 14, 2025 • Duration 42:08
Episode 23: This episode of the Bellarmine on Business podcast explores the journey of marketing craft bourbon in Eastern Europe, focusing on the experiences of Eddie and Steve Smith, founders of Kentucky Exports LLC and Bourbon Kings UAB. They discuss the challenges and opportunities in introducing Kentucky bourbon to markets like Lithuania and Poland, the importance of building relationships with distillers, navigating export regulations, and the unique marketing strategies required in a vodka-dominated region.
The conversation highlights the entrepreneurial spirit and the support from trade organizations that aid in their mission to expand the reach of craft bourbon. They delve into the complexities of exporting bourbon to Europe, focusing on the logistics of bottling, labeling, and navigating tariffs. The group discusses the impact of tariffs on pricing and demand, strategies for dealing with potential tariffs, and the importance of building trust with international partners. They also explore market expansion opportunities in various European countries and emphasize the significance of authenticity in branding and consumer relationships.
CHAPTERS
00:00 Welcome and Guest Introduction
03:20 Introducing to Craft Bourbon in Europe
05:44 Building Relationships with Distillers
10:00 Marketing Craft Bourbon in Vodka Country
13:06 Navigating Export Regulations and Standards
14:58 Leveraging Support from Trade Organizations
19.06 Navigating International Bottling and Labeling
22:33 Understanding Tariffs and Their Impact
29:19 Strategies for Dealing with Tariffs
35:29 Expanding into European Markets
37:57 Building Trust and Authenticity in Business
40:19 Conclusion
Interview with Dr. OJ Oleka Rubel's Executive Board Chair
Episode 15
Monday, November 29, 2021 • Duration 27:20
Episode 15: In today's episode, host Jim Ray interviews Dr. OJ Oleka, Chair of the Executive Board of our Rubel School of Business. He's also the President of the Association of Independent Kentucky Colleges and Universities. They discuss is important topics for the Rubel School of Business.
Disclaimer:
The views and opinions expressed during the Bellarmine on Business podcast do not necessarily reflect those of Bellarmine University, its administration or the faculty at large. The episodes are designed to be insightful, thought-provoking and entertaining.
Want to Listen to Additional Episodes?
You can find additional episodes on the Rubel School of Business Podcast page of the Bellarmine website, various Bellarmine social media pages, Apple Podcasts, Google Podcasts, Spotify, Amazon Music, Audible, Libsyn, Podchaser and many other podcast directories. We encourage you to subscribe to our podcast so you don't miss an episode.
Interested in Developing a Podcast for Your Business or Organization?
This podcast was produced by Jim Ray Consulting Services. Jim Ray, host of the Bellarmine on Business podcast, can help you with the concept development, implementation, production and distribution of your own podcast. For more information, visit: https://jimrayconsultingservices.com/podcastproduction.
Graduate Executive Education with Jorge Pazmiño
Episode 14
Monday, November 1, 2021 • Duration 37:20
Episode 14: In today's episode, host Jim Ray interviews Jorge Pazmiño, Director of Graduate and Executive Education Programs for the Rubel School of Business. In Episode 1 of our podcast, we introduced Dr. Natasha Munshi and discussed her vision for several initiatives involving executive education. Jorge has the responsibility for the development and implementation of some of those initiatives.
Jorge moved from Quito, Ecuador, as a bi-lingual international student to study business. He enlisted in the US Army. After a deployment in Iraq, he completed his undergraduate degree. He used the GI Bill to pursue and earn his MBA and a Master's in information technology.
Jorge then joined the financial services industry, but still had an interest in education and its impact on people's lives. This inspired him to pursue his interest in a Doctoral degree in education leadership at Bellarmine University. He is currently working toward the completion of this degree, while working at Rubel.
Scholarships
Recruiting for the Spring MBA and Executive MBA (EMBA) programs at Bellarmine is currently underway. Rubel offers an early application scholarship for those who apply by November 5th, 2021. The scholarship is $1,000 for EMBA program and $500 for the MBA program.
Jim and Jorge spend time discussing some of the advantages of the EMBA program. Jim is a 2008 alumnus. The contact with the professors, the rigor of the classes, the networking opportunities and other aspects of the Bellarmine culture result in a very challenging, but rewarding experience.
Meet the Dean – November 2, 2021 (Virtual)
This is an opportunity for interested individuals to interact with Dr. Natasha Munshi and others, in a virtual setting. For more information, please email: .
The Business of Space - Dr. Mike H. Ryan
Episode 13
Friday, October 1, 2021 • Duration 37:13
Episode 13: In today's episode, host Jim Ray interviews Dr. Mike H. Ryan, Professor of Management and Rubel's Associate Dean, who also has an extensive background in space-related topics. As private sector activity ramps up, there's a tremendous future available to us. Join us for an interesting conversation about the business of space.
Elon Musk's SpaceX recently took 4 civilians into space for the first time. Other high-profile companies such as Richard Branson's Virgin Galactic and Jeff Bezos' Blue Origin are also making inroads in to space exploration.
Growing up, Dr. Ryan assumed he might actually take a job in space. As the space race heated up with Sputnik and our mission to the moon, it was hard for him to imagine we wouldn't go back to the moon during the next 50 years. He spent time in the US Air Force, before returning to school. He completed his Master's and PhD. Currently, he's one of the few professors in the US who does research on "space business."
Dr. Ryan is personally acquainted with Max Faget and also astronauts Buzz Aldrin and Neil Armstrong. He's written numerous books and 75-100 publications and has given an extensive number of presentations, generally involving some aspect of space.
Space – It's Just a Place
The idea of working in space can seem intimidating to many. It all seems so complex, even though we are much less intimidated with the idea of working in the oceans. Dr. Ryan explains that it shouldn't be so difficult to conceptualize. After all, it's just a place.
If you think about it, the distance it would take to fly from Louisville to Australia on business (9,963 miles) is actually farther than the distance from earth to the international space station (only 254 miles).
Rockets
Everything in space is about getting from point A to point B. Rockets are a primary mode of transportation. As our technology evolved, we transferred from rockets to the space shuttle. Over time, the shuttles became less reliable, so we moved back to travel via rockets. Unfortunately, we had not kept up the investment in this mode, so we relied on rockets from other countries (i.e. Russia).
Kroger and Rubel Launch and Innovative Executive Education Partnership
Episode 12
Tuesday, August 31, 2021 • Duration 37:29
Episode 12: In today's episode, we discuss the partnership between Kroger and the Rubel School of Business, which launched the Kroger Emerging Leaders Program. Ann Reed, Kroger Regional President, Jacqui Fritz, Kroger Assistant HR Leader and Dr. Natasha Munshi, Dean of the Rubel School of Business discuss how the program was conceptualized, developed and implemented to help up and coming Kroger leaders.
In Episode 1, Dr. Munshi described her vision for executive education certificate programs. The opportunity to work with Kroger to custom-develop an Emerging Leaders Program is a result of her passion and execution. This is a significant component of Rubel's strategic plan.
Professional Development Challenges during the COVID Pandemic
Jacqui discusses a number of challenges Kroger encountered. As Kroger has grown in scale, the training and develop requirements have evolved. Larger volume stores bring their own challenges based on diverse personalities and larger numbers of employees. The technology challenges (i.e. e-commerce) increase as this aspect of sales continues to grow. There's also the staffing challenges as people retire and move-on. HR looks to identify and cultivate new leaders to help cope with the myriad of both challenges and opportunities.
The Future of Work in the Grocery Retail Business
Ann comments specifically on the pace of change Kroger is experiencing. Food is a substantial part of Kroger's portfolio. Investing in innovative ways to provide those items, and others, in a competitive environment is tantamount to Kroger's success. How Kroger thinks about a traditional brick and mortar location is vital to continuing a presence as a local community center.
What Are the Skill Sets and Competencies Kroger Expects as a Result of this Partnership?
There was a lot of discussion about aspirant skill sets and gaps Kroger sees among the new leaders its cultivating. One aspect is equipping them so they have the confidence needed to make solid business decisions on a day-to-day basis. Adapting to the multiple employee groups, in addition to a diverse customer-base, is a specific competency Kroger values and is expecting to provide via its partnership with Rubel.
Perspectives on the Recent Developments in Cuba
Episode 11
Friday, July 30, 2021 • Duration 38:54
Episode 11: Host Jim Ray interviews Dr. Frank Raymond Professor of Economics and Chris Cloonan who is Cuba Policy Fellow for Just Foreign Policy, an NGO actively working with members of the US Congress on Cuba policy. The protests in Cuba are receiving a lot of media coverage, so we thought it would be interesting to share some perspectives on root causes and possible objectives.
Please understand, this topic can be both politically and emotionally charged. It's our goal to provide perspectives on this multi-faceted issue.
Editor's Note: This episode was recorded remotely, so the audio quality is different from our normal podcast episodes.
Dr. Raymond has a background in international economic development. The Rubel School of Business has an international experience requirement, as part of the MBA program. Several years ago, an excursion to Havana and some surrounding areas was developed as an option for this international experience.
Chris Cloonan completed part of his Master's program at the University of Havana. His Master's thesis focused on a proposed normalization between the US and Cuba. Chris spent 2013 and 2014 in Cuba. Later in 2014, then President Obama began taking steps toward that normalization. Chris published a normalization proposal with the help of Just Foreign Policy. They published is proposal and hired him to assist with legislative efforts.
From a purely economic perspective, the US has had a long-term economic embargo on Cuba. There have been some brief thaws, leading to a somewhat inconsistent posture. Dr. Raymond explains that over the centuries, long-term embargoes never work. Locals end up digging in their heels and the country responsible for the embargo ends up being viewed as the bad guy.
Obviously, short-term embargoes (e.g. during a state of war) can work to some effect. The issue is the failure of long-term embargoes used to nation-build.
Foreign Policy Influence by Domestic Policy
Chris' perspective is that the US foreign policy toward Cuba is actually a reflection of US domestic policy. He goes on to explain that Florida's swing state status strongly influences the stance of our foreign policy, by way of the Cuban-American voters. This has left us fairly isolated on this topic, internationally.
Interview with Dr. Abigail Hall Blanco
Episode 10
Wednesday, June 30, 2021 • Duration 33:34
Episode 10: Host Jim Ray interviews Dr. Abigail Hall Blanco, Associate Professor of Economics at Bellarmine's Rubel School of Business. Abby has been featured in Forbes and other national media. We'll discuss how she brings a current events perspective into the classroom to challenge her students to apply economics to their understanding of these events.
Dr. Hall Blanco grew up in Louisville and attended Bellarmine University. She earned her Bachelor's degree in economics. She later earned her Master's degree and PhD from George Mason University. She spent 5 years teaching at the University of Tampa before joining the Rubel School of Business faculty in 2020.
Some of the course Abby teaches include Principles of Micro Economics, Principles of Macro Economics, Intermediate Theory and a special topics class called Public Choice – the economics of politics. She'll teach the senior research course in the spring. She's previously taught Defense and Peace Economics, among others.
Students are often surprised about where they can apply economic frameworks. Abby enjoys watching them apply those frameworks to actual, current events. The application of economics to real world situations often helps the class to better understand the material.
One of Dr. Hall Blanco's graduate professors made a statement that stuck with her. "We can think about economics like a set of eyeglasses or a set of contact lenses. When we put them on, we focus on issues that we might talk about in other disciplines…but we can talk about them and focus on different things." Coming from a liberal arts background, we put on many different pairs of glasses and the result is a really comprehensive view of an issue.
Abby was recently featured as a guest host on a podcast by the Pegasus Institute in Louisville. She's always been interested in economic development. The topic covered some of the failures of the efforts to improve economic conditions in Appalachia over the decades. She wrote a paper in graduate school on the topic, based on a research topic she came up with as a Bellarmine undergraduate. The paper attempted to explain the persistent failure of the programs and funding meant to change the Appalachian region. There are parallels between domestic development efforts and those in international development.
Dr. David Collins Discusses Accounting Analytics
Episode 9
Friday, May 28, 2021 • Duration 36:37
Episode 9: Host Jim Ray interviews Dr. David Collins Professor of Accounting at Bellarmine's Rubel School of Business. They discuss the creation of 2 new certificate programs (a Certificate in Accounting Analytics and a Certificate in Auditing Analytics). They also spend time exploring the topic of analytics and the shifting role of accounting professionals in business.
Dr. Collins has been at Bellarmine since 1994. He's served in many capacities for the University. He's thoroughly enjoyed his time here. He mostly teaches accounting at the undergraduate and MBA levels. For the MBAs, he also focuses on various quantitative subjects, including analytics.
The Dean of the Rubel School of Business is Dr. Natasha Munshi. She has been a champion of the Executive Education Series and various new programs. You do not have to be a Bellarmine alumnus to participate in these programs.
Certificate in Accounting Analytics
This is a non-degree program focusing on the "tool box" for professionals who use quantitative skills to perform analytics at a higher level. This includes advanced Excel, Power BI, Tableau, Python R and others. The focus of this program is to apply these tools to the accounting function across business.
This certificate program provides a terrific opportunity for accountants and CPAs who have been practicing for some time and may have not had exposure to these analytical programs, in the past.
Certificate in Auditing Analytics
This is a different focus. Auditing has evolved and is now more systems- and risk assurance-oriented. Auditing looks at the process by which the data was collected and utilized. It's less about data testing and more about process testing.
This program explores embedded auditing modules within company programs, continuous auditing programs among others.
Bellarmine's Finance Degree and the CFA Exams
Episode 8
Wednesday, April 28, 2021 • Duration 34:26
Episode 8: Host Jim Ray interviews Dr. Bradley Stevenson, Associate Professor of Finance at the Rubel School of Business and Meagan Makuta, a graduating senior finance major. We'll discuss how Bellarmine University's Investment Group, how BU prepares students for the CFA and CFP exams, a new Bloomberg Terminal at Bellarmine.
Bellarmine Prepares Students for the CFP and CFA Exams
The Certified Financial Planner (CFP) exam is focused on retirement planning, savings and a general personal financial plan. Dr. Stevenson recommends seeking out a professional with the CFP designation, who is also a financial advisor. This shows his/her background and commitment to the profession.
The Chartered Financial Analyst (CFA) designation is made up of 3 separate exams. Meagan is currently studying for the CFA Level 1 exam. The CFA is more geared toward financial management and investing. It's an internationally-recognized designation.
In the Rubel School of Business, at Bellarmine, the curriculum provides a solid foundation, in addition to the self-study, to equip students to perform well on these exams. Bellarmine is actually a CFA-Affiliated Program. For finance majors, at they complete their courses, they will touch on roughly 70% of the material found on the Level 1 exam. Our finance degree is a combination of finance, accounting and economics classes, among others.
Bellarmine's Getting a Bloomberg Terminal
Meagan discusses her involvement in helping to secure this terrific new tool for the Rubel School of Business. This computer terminal and the data available is the gold standard for financial information on virtually any type of security.
Tools and resources such as the Bloomberg Terminal will continue to provide cutting-edge technology for students at the Rubel School of Business.
Dr. Stevenson explains that this terminal is significantly different than the other online tools you might be able to find. The information is much more in-depth. It'll provide important experience for students as they apply for jobs upon graduating.
We hope you found some interesting insights. If we could ask you to do one thing, that would be to take this episode and share it out on your social media so that other people can learn about it. Let other people hear about what we're doing at the Rubel School of Business and also what they're doing at Kentucky Exports and Bourbon Kings. Just a fantastic initiative, guys. And I wish all of you just a tremendous runway there and lot of success going forward.
From all of us here at the Bellarmine on Business Podcast. Until next time, Swords Up and Let's Go Knights!
Thank you for listening to this episode of the Bellarmine on Business Podcast. Please remember to SUBSCRIBE to our podcast, so you don't miss an upcoming episode.
Disclaimer:
The views and opinions expressed during the Bellarmine on Business Podcast do not necessarily reflect those of Bellarmine University, its administration or the faculty at large. The episodes are designed to be insightful, thought-provoking and entertaining.
Want to Listen to Additional Episodes?
You can find additional episodes on the Rubel School of Business Podcast page of the Bellarmine website, various Bellarmine social media pages, Apple Podcasts, Spotify, Amazon Music, Audible, Libsyn, Podchaser and many other podcast directories. We encourage you to subscribe to our podcast so you don't miss an episode.
Interested in Developing a Podcast for Your Business or Organization?
This podcast was produced by Jim Ray Consulting Services. Jim Ray, host of the Bellarmine on Business podcast, can help you with the concept development, implementation, production and distribution of your own podcast. For more information, visit: https://jimrayconsultingservices.com/podcastproduction.
Dean's Executive Speaker Series with Bill Samuels Jr. (Virtual)
This is another virtual opportunity presented by the Rubel School of Business. It takes place November 3rd from 5:30EST-6:30EST. Bill Samuels Jr. is the Chairman Emeritus of the Maker's Mark Distillery and Trustee Emeritus at Bellarmine University. Click Here to Register.
Rubel School of Business Initiatives
MBAs are found throughout various industries and roles. Rubel has an initiative to create additional awareness of the MBAs programs through an on-campus partnership with the Office of Identity and Inclusion. As a student of color and those with other backgrounds may not be as familiar with the benefits of earning a Bellarmine MBA or EMBA. This initiative is there to help create awareness and access.
Partnership with Military and Veteran's Affairs
Having served in the US Army, this Rubel initiative takes on a special focus for Jorge. The military offers service members some terrific educational benefits. Rubel is partnering with the educational center at Ft. Knox and various National Guard units and reserves. The Bellarmine Office of Military & Veteran Services provides a terrific connection point for members all military branches who may be interested in pursuing the various opportunities at Bellarmine and the Rubel School of Business.
International Collaborations with other Business Schools
As an international student, Jorge has a unique understanding of the opportunity for an international student to study in the US. Rubel is developing an initiative to interact with students in various countries and to potentially have them come to Bellarmine to pursue an MBA. It's about engagement. Jorge is going to conduct a virtual workshop with a group of finance students at Universidad San Francisco de Quito (Ecuador).
Executive Education Program Development
In Episode 12, we discussed an innovative partnership between the Rubel School of Business and Kroger. Rubel has an ongoing focus on developing more of these certificate programs in specific and/or core competencies for other organization in the region. It's a terrific professional development benefit for corporations and an interesting way for the Rubel School of Business to connect with employers.
Other Bellarmine on Business Executive Education Topics
Here is a brief list of previous episodes about executive education initiatives:
Episode 9 – Certificate in Accounting Analytics and Certificate in Auditing Analytics
Episode 4 – Women of Color Entrepreneurs-Leadership Certificate
To Contact Jorge Pazmiño:
Phone: (502) 272-7240
Email: jpazmino@bellarmine.edu
Disclaimer:
The views and opinions expressed during the Bellarmine on Business podcast do not necessarily reflect those of Bellarmine University, its administration or the faculty at large. The episodes are designed to be insightful, thought-provoking and entertaining.
Want to Listen to Additional Episodes?
You can find additional episodes on the Rubel School of Business Podcast page of the Bellarmine website, various Bellarmine social media pages, Apple Podcasts, Google Podcasts, Spotify, Amazon Music, Audible, Libsyn, Podchaser and many other podcast directories. We encourage you to subscribe to our podcast so you don't miss an episode.
Interested in Developing a Podcast for Your Business or Organization?
This podcast was produced by Jim Ray Consulting Services. Jim Ray, host of the Bellarmine on Business podcast, can help you with the concept development, implementation, production and distribution of your own podcast. For more information, visit: https://jimrayconsultingservices.com/podcastproduction.
Dr. Ryan firmly believes there are many other ways in which we could utilize rocket technology, beyond simply putting satellites into space. There are plenty of opportunities for people to work in space, as well. One of the challenge is making the trip and return trip feasible. Reusability is a key consideration. SpaceX and Blue Origin are proving that reusability is absolutely possible.
Over time, reusability reduces the cost of putting people and equipment into space. This opens up the possibility of more frequent visits. The opportunities stretch as far as you can imagine.
Rocket propellant ("fuel") is actually cheaper than people might imagine. It's primarily liquid hydrogen and/or liquid oxygen. Both of those are components of water. There may be other options which we could develop to replace liquid rocket fuel.
Dr. Ryan discusses how a "space plane" could be extremely advantageous vs. the rockets we know today. Reusability combined with the ability to take off and land from a variety of locations would reduce the cost of going to low-earth orbit and potentially further.
Mining in Space
Rare elements, minerals and even water are abundant in space. We think about the moon, but also consider asteroids and even Mars. If we can figure out how to maintain supply levels, we could put many more people into space for an extended period of time. Dr. Ryan discusses how something called a "mass driver" working on an electromagnetic rail system could eliminate the need for rocket fuel to get material into low-earth orbit. The mass driver could launch a payload into orbit. This would provide those supply levels, which could then be used for a variety of purposes and destinations.
Dr. Ryan explains that many minerals are extremely abundant in asteroids. He explains that a nickel-iron asteroid the size of UofL's Cardinal Stadium would provide enough iron ore for approximately 100 years. Many asteroids are composed of water. These could also be captured and brought to earth. The opportunities are simply amazing, if we can figure out how to do it economically and efficiently.
Solar power satellites could be deployed to beam down a constant source of solar energy to provide extremely inexpensive power to specific locations. In expensive electric power could also facilitate the conversion of sea water to fresh water for food growth and sanitation.
Satellites
There are approximately 10,000 satellites currently in orbit. There are a couple hundred thousand pieces of space debris. People are already researching how best to deal with the debris.
We are currently building constellations of satellites. Elon Musk's team is focusing on communication satellites for cell phones and data. This could dramatically increase speed and availability.
Roadblocks to Commercializing Space
Interestingly, one of the initial roadblocks has to do with treaties sign by and among countries because, at the time, we really didn't understand the vast opportunities available in space. We simple couldn't imagine it would one day be possible.
During the next 5, 10 or 50 years, our ability to begin harnessing space opportunities will increase exponentially. We'll need to find the best way to replace those treaties with some other type of infrastructure.
Because of the sheer size of the earth, the gravity well exerts tremendous pull. Escaping this pull and getting into space adds tremendous cost for our current technologies. If we could figure out how to manufacture in space, theoretically, we could reach much further into space at a more economic level.
The Impact of Space on Kentucky's Economy
Kentucky's number one export is space-related aerospace products. Yes, it outpaces bourbon. We export $12-$13 billion in goods, which helps to maintain 19,000 Kentucky jobs among over 600 companies.
Kentucky is #2 in the country for aerospace export.
There's a company called Space Tango, located in Lexington, with its own testing facility on the international space station.
Where Are We Going from Here?
Dr. Ryan concludes the episode with these comments. In 5 years, we may have commercial space stations. Eventually, we'll have a much larger commercial space station. Within 15 years, Dr. Ryan sees us having a permanent lunar base. In 20-25 years, we could have a commercial, lunar base. Transportation breakthroughs will determine the pace of these advancements.
Disclaimer: The views and opinions expressed during the Bellarmine on Business podcast do not necessarily reflect those of Bellarmine University, its administration or the faculty at large. The episodes are designed to be insightful, thought-provoking and entertaining.
Want to Listen to Additional Episodes?
You can find additional episodes on the Rubel School of Business Podcast page of the Bellarmine website, various Bellarmine social media pages, Apple Podcasts, Google Podcasts, Spotify, Amazon Music, Audible, Libsyn, Podchaser and many other podcast directories. We encourage you to subscribe to our podcast so you don't miss an episode.
Interested in Developing a Podcast for Your Business or Organization?
This podcast was produced by Jim Ray Consulting Services. Jim Ray, host of the Bellarmine on Business podcast, can help you with the concept development, implementation, production and distribution of your own podcast. For more information, visit: https://jimrayconsultingservices.com/podcastproduction.
A confident leader will be ready to execute more effective and more efficiently. In examining the existing gaps, they understood the advantage of additional training in financial concepts and measurements. The program will help Kroger leaders to execute at the departmental levels within the stores.
From a leadership standpoint, specific training effective accountability discussions. Developing to skills and perspectives to lead a large group of employees is a highly-desired aspect of professional develop. Executing on excellence is at the forefront. Kroger and Rubel have designed the Executive Leadership Program to address these and other core (and advanced) managerial competencies.
Ann Reed Discusses Her Inspiration for this Program
Ann originally met Natasha via Susan Donovan, Bellarmine's President. Both Ann and Natasha recognized the value of the "Zero Hunger. Zero Waste" initiative. Kroger is on a mission to end hunger in the communities it serves. This was the foundation for a working relationship and exploration of additional opportunities.
Ann was aware of some of the partnerships Dr. Munshi had developed in her previous roles, before coming to Bellarmine. Ann wanted to develop a similar development program for Kroger leaders, outside of the internal training already provided by Kroger. There's value in the networking opportunities and exposure to other leaders in the community.
Initially, Ann and Jacqui were thinking about local-area instructors, but the Rubel School of Business program offered even more. Technology has enabled the program to involve instructors from across the country to participate in the Emerging Leaders Program.
In describing her personal path, a career in the grocery business was not what Ann anticipated. She started in Kroger's Indianapolis division. She was new to this industry. What inspires her and interests her today are some of the same things she recognized 28 years ago.
The pace of change is something Ann loves. It's a very kinetic environment with the opportunity in interact with many people and personalities. So many of her special childhood memories were around the table, and Kroger is all about food. In her opinion, there's no better place to work.
Ann still values those aspects which initially inspired her: People, Serving the Community and Great Food.
Kroger operates in Southern Indiana, Southern Illinois and most of the counties in Kentucky. There are 116 stores employing 19,000 associates and is proud of its 90+ years. Kroger is one of the largest employers in Kentucky. They are the largest market-share grocer in the region. Kroger focuses on its customers. They want to be friendly; the items to be fresh and in-stock every single day.
HRs Targeted Outcomes for the Kroger Emerging Leaders Program
Once a high-potential leader has been identified, he/she may be offered the opportunity to participate in this innovative program. Kroger wants to instill a sense of accomplishment for those who complete this program. The skills and competencies they learn can be applied and demonstrated at the local store level. This creates a natural mentoring opportunity.
The program will drive improved financial results and the team's ability to deliver an exceptional customer experience.
The overarching concept is that these leaders will be moving up and through the organization. Success as a result of this program will foster employee retention as the leaders pass on those skills to younger leaders and associates.
The Decision to Partner with the Rubel School of Business
Ann commented on how proud she is of what Bellarmine stands for in the community. The innovative approach to a developing a customized experience, using actual Kroger financial information, created in conjunction with Kroger is something that stood out for her. The Kroger leaders will learn using their own data and experiences.
Bellarmine moved extremely quickly to propose a workable concept that both parties refined and finalized together. The speed of development and implementation impressed Ann.
Kroger has really embraced this experience and is confident in how it will help its leaders to rise to the next level.
Natasha comments that the current iteration of the program is done using technology, such as Zoom video. This relates back to how Rubel is incorporating other thought leaders and experts to augment its own faculty in delivering a cutting-edge experience.
Key Take-Aways for other Senior Executives
As we conclude the discussion, we discuss how this type of partnership could help other organizations.
Long-term success is always about your people. The type of programs Rubel can develop can help to demonstrate a company's commitment to its people and their individual success.
The Rubel team fosters strong communication as the program moves from conceptualization to implementation. This engenders trust and enables a more efficient rollout. It's a partnership.
The value of the company's decision to equip its leaders can also help with retention, another key metric for any organization.
As a community, we need to focus on being learners for life. This program provides an innovative opportunity.
While a company may have an internal training and development team, incorporating an external partnership can be exciting. There are outside perspectives and deliverables that could augment the internal team's efforts.
Bellarmine's strategic plan involves a focus on enabling transformative business education. In addition to this program, Rubel is also partnering with Kroger in the Rubel School of Business' Women of Color Entrepreneurial Leadership Certificate. This is another demonstration of Kroger's commitment to the local community. They sponsored 3 women entrepreneurs so each could participate in the program. We recorded an episode detailing the aspects of the Women of Color Entrepreneurial Leadership Certificate.
Bellarmine's business school wants to partner with other organizations to enhance our community. We are ready to pursue a similar opportunity with your organization.
THE MONTHLY FORECAST:
Upcoming Events
Fall 2021 – Mentoring Opportunities – This continues to be a strength of the Bellarmine experience. Many fellow alumni mentor undergraduates and that opportunity continues to benefit the Bellarmine community. Click here for more information.
9/11/21 – Women of Color Entrepreneurial Pitch Contest – As part of Dr. Munshi's strategic plan for Rubel, this event provides an opportunity to see ideas and concepts being pitched for possible backing and sponsorship. Click here for more information.
9/16/21 – Bellarmine Alumni Awards Celebration – Join Bellarmine in celebrating our distinguished alumni award recipients. This exciting evening will be part of our inaugural Alumni Weekend. Click here for more information.
9/30/21– Dean's Executive Speaker Series – We are finalizing our guest speaker for this event. The website will be updated soon. Click here for more information.
Want to Listen to Additional Episodes?
You can find additional episodes on the Rubel School of Business Podcast page of the Bellarmine website, various Bellarmine social media pages, Apple Podcasts, Google Podcasts, Spotify, Amazon Music, Audible, Libsyn, Podchaser and many other podcast directories. We encourage you to subscribe to our podcast so you don't miss an episode.
Interested in Developing a Podcast for Your Business or Organization?
This podcast was produced by Jim Ray Consulting Services. Jim Ray, host of the Bellarmine on Business podcast, can help you with the concept development, implementation, production and distribution of your own podcast. For more information, visit: https://jimrayconsultingservices.com/podcastproduction.
Dr. Raymond explains the wide-reaching impact of the US embargo. It prohibits countries which decide to trade with Cuba from doing business with the United States. The attractiveness of the US domestic market provides leverage against engaging with Cuba. There are some countries not currently doing business in the US and thus engaging in the Cuban economy. Then there's China.
Economically, we still engage with China on an economic level. While China does conduct business with Cuba, we tend to look the other way, based on our own interests. The risk is having China heavily investing in a country with such a close proximity.
Chris goes on to explain how the goals of the Cuban-American voters, and those of the former Trump administration policies, actually bring about the exact opposite results. He states the sanctions, continued with little change under the Biden administration, have invited Chinese and Russian investment into Cuba.
During the period of opening under former President Obama, there was an easing of internet restrictions, cell phone ownership grew (including phones with internet capabilities), access to tourism facilities increased and licenses to open small businesses exploded. The Cuban government showed a greater tolerance for independent media and freedom of the press.
Once the Cuban population began protesting for food, medicine and better economic conditions, the Cuban government shut down the internet access. Chris states the impact is counter-intuitive, but the Cuban people fair better when sanctions are eased.
Interestingly, direct change to a democratic republic, might actually be dangerous. This would be a significant shock to the Cuban economy and infrastructure, which could derail its success. Cubans have experienced 400 years of Spanish colonial rule. The US later supported the Batista regime, which Castro overthrew. While the US helped to build much of the existing infrastructure in Cuba, it's aged. The Cuban people are wary of perceived colonial powers seeking influence in Cuba.
What Sparked the Cuban Protests?
Chris explains that this isn't really a move toward democracy. It's important to put into perspective the Cuban experience with democracy. After the Spanish-American war, there was a lot of racial tensions surrounding the elections. The government was later overthrown 3 times in 26 years. During the last 60+ years, despite the problems of the Cuban government, it's been stable.
The protests, in Chris' view, are actually a reaction to the US sanctions. They are forcing the people into the streets. However, the food shortages, blackouts, lack of access to medicine and the lack of COVID vaccinations, among other issues are coming to a head. The most common word used in these protests is Libertad ("freedom" not "democracy"). It's actually a vague term. He feels it's a quality of life issue, not so much an issue of politics.
Dr. Raymond discusses the issues related to a command and control economy. It's an inefficient market resulting in shortages and surpluses. It's not a good system for the distribution of goods and services. It's restrictive in terms of the ability for an individual to pursue his/her type of job or profession. There are many ongoing distortions. This underscores the people focusing on their immediate needs over some sort of regime change.
Different Opinions, but not Misinformed
The Cuban population is very well-educated and also well-informed about domestic and global issues. Millions of Cubans live abroad and are able to maintain connections with people still living on the island. There's a constant exchange of information, that gets around the state-controlled media. Living under the current system, people form their own opinions.
Dr. Raymond reminds us that even in the US, a person's political affiliation generally follow that of their parents/friends and where they grew up. We have common aspirations for the education of our children, good jobs and to provide for our families
Americans tend to view issues as either black or white, but in life there is a tremendous amount of gray in between. This may in fact explain part of what we're seeing in Cuba, right now.
8/19/21 – Dean's Executive Speaker Series – Natalia Bishop Founder and CEO of Level Up will discuss her background and provide advice. Click here for more information.
9/16/21– Dean's Executive Speaker Series – Jeff Calderon, Director and Partner at DMLO. For more information, click here. Bellarmine Career Development Service – This service is open to both Bellarmine students and alumni. Is it time to make a change? Click here to contact learn how Bellarmine can help.
Want to Listen to Additional Episodes?
You can find additional episodes on the Rubel School of Business Podcast page of the Bellarmine website, various Bellarmine social media pages, Apple Podcasts, Google Podcasts, Spotify, Amazon Music, Audible, Libsyn, Podchaser and many other podcast directories. We encourage you to subscribe to our podcast so you don't miss an episode.
Interested in Developing a Podcast for Your Business or Organization?
This podcast was produced by Jim Ray Consulting Services. Jim Ray, host of the Bellarmine on Business podcast, can help you with the concept development, implementation, production and distribution of your own podcast. For more information, visit: https://jimrayconsultingservices.com/podcastproduction.
Given the various areas of research Dr. Hall Blanco has explored, she tends to be invited to participate in various panels, national media and news discussions. One of her articles was published in Forbes Magazine, which lead to interviews on Minnesota Public Radio and PBS. The article focused on the sale of human organs; not exactly the most mundane of topics. It's an example she often uses in class for various reasons.
The surprising choice of topic causes her students to grapple with the application of objective economic theory. They explore the various arguments, both pro and con. It draws in students who have many different points of views and interests. It causes her students to exercise their critical thinking skills. Most people are not trained to look at issues through an economic lens. It takes time to develop this comfort level. Abby's goal is not to teach them what to think about economics and specific topics, rather to learn how to apply economic principles to a particular situation.
Dr. Hall Blanco was published in the Washington Times on the topic violent crimes. She focused on the spike in homicides in major cities. There's an effort to sometimes justify or side-step the causes in a particular location by focusing on the increases everywhere else. This often allows for a shifting of responsibility by local officials. Her premise is that we should hold our local leaders accountable, rather than waiting on a one size fits all solution from Washington, DC.
Another topic dealing with the national eviction moratorium was published by the Washington Examiner and followed up by MSN Money. She explains how the concept comes from a benevolent place, but the negative and unintended consequences are going to be very problematic for both the evicted people and the landlords (many of who are mom and pop entrepreneurs, not large property management companies).
Abby quotes one of her graduate school professors on the topic of the difference between intentions and outcomes, "If you push someone off of a building, even if you do so with the best of intentions, gravity determines how he falls and it's the same thing with economic laws." It's an important concept for students to understand.
Dr. Hall Blanco wrote an article for CounterPunch on the topic of militarized police. She's written on this topic for several years. She focuses on how police have gradually adopted tactics and equipment traditionally reserved for the military. She explores how foreign intervention has impacted domestic affairs.
Abby is the co-author of Tyranny Comes Home: The Domestic Fate of US Militarism (2018, Stanford University Press). The authors argue that domestic policy and foreign policy often bleed into each other. It explores the domestic implications for foreign intervention.
Manufacturing Militarism: US Government Propaganda in the War on Terror is another book Dr. Hall Blanco co-authored. It will be published soon. She and her co-author develop a framework to understand democratic propaganda. This is different from the autocratic propaganda we generally think of in this context.
Both publications offer students the opportunity to apply those economic principles and frameworks to current events going on around them.
Abby recently spoke about the topic of engaging students who have "political priors." People often feel there are some hot-button topics that are too sensitive to use when engaging undergraduates. The assumption is they are unwilling to engage or think critically. She pushes back on this perspective. She believes students are capable and willing to grapple with a surprising range of topics. When appropriate, she'll introduce one of those hot-button topics to teach students about having a healthy discourse. It's okay to disagree with someone without losing a friendship. There are topics you might disagree on, but it's still possible to maintain relationships and mutual respect. It's good to challenge your own beliefs, even if you don't end up changing those beliefs.
The views and opinions expressed during the Bellarmine on Business podcast do not necessarily reflect those of Bellarmine University, its administration or the faculty at large. The episodes are designed to be insightful, thought-provoking and entertaining.
THE MONTHLY FORECAST:
Upcoming Events
7/22/21 – Bellarmine Alumni Knight at the Bats. Come join your fellow alumni at Slugger Field for "Knight" of baseball and fun. For more information and to register for tickets, click here.
8/19/21 – Dean's Executive Speaker Series – Natalia Bishop Founder and CEO of Level Up will discuss her background and provide advice. Click here for more information.
9/16/21– Dean's Executive Speaker Series – Jeff Calderon, Director and Partner at DMLO. For more information, click here. Bellarmine Career Development Service – This service is open to both Bellarmine students and alumni. Is it time to make a change? Click here to contact learn how Bellarmine can help.
Want to Listen to Additional Episodes?
You can find additional episodes on the Rubel School of Business Podcast page of the Bellarmine website, various Bellarmine social media pages, Apple Podcasts, Google Podcasts, Spotify, Amazon Music, Audible, Libsyn, Podchaser and many other podcast directories. We encourage you to subscribe to our podcast so you don't miss an episode.
Interested in Developing a Podcast for Your Business or Organization?
This podcast was produced by Jim Ray Consulting Services. Jim Ray, host of the Bellarmine on Business podcast, can help you with the concept development, implementation, production and distribution of your own podcast. For more information, visit: https://jimrayconsultingservices.com/podcastproduction.
The evolution of auditing represents a significant shift. Dr. Collins comments on how samples of a data set used to be audited, based on time and or bandwidth limits. Today, 100% of the data set can be audited using new approaches and tools. It's about system-integrity.
For more information about these and other Certificate Programs:
Alexandra Moro, Associate Director of Graduate and Executive Education Programs
Dr. Collins' Presentation for the KYCPA Conference
The Kentucky Society of CPAs has an annual accounting and auditing conference for its members. In May 2021, David presented the topic, "The Importance of Accounting Analytics."
Analytics is the application of quantitative techniques for problem solving and decision making. Accounting has been doing this for over 10,000 years. The change today, is in Big Data. It's how we're collecting information and using it for a particular purpose. It's a massive change in how accountants use data.
The 4 Vs of Big Data
This is how one can explain the effect of big data on firms today. There's an immense amount of data available. The 4 Vs help to put that data into perspective. Let's explain them.
Veracity – The representational effect of data; it's truthfulness. It's the confidence that the data means what it says it means.
Variety – We're getting data from everywhere. Someone is collecting it. Accountants are very comfortable with financial data, but now, they need to be thinking about other types of data and how it's used in analytics.
Velocity – This refers to the speed at which data is collected. The amount of data being collected is expected to double by 2025. The value of analytics is that it can help organization to understand what this vast amount of data is actually indicating and how to make it meaningful in decision-making.
Volume – This is the size of the available data. It keeps building. Dr. Collins provides an example of bourbon barrels to illustrate the volume of data that is being collected and its growth rate.
Analytical Skills Organizations Should Develop
Refer back to the "tool box" Dr. Collins initially referenced (Advanced Excel, Power BI, Tableau, Python R, SQL-coding skills, etc.). Accounting professionals are the data people. Being able to understand the new auditing tools and understanding the complex issues businesses are facing is vital.
Processing the data is one aspect, but really understanding which numbers need to be processed it a different matter. Understanding those intricate relationships will lead to valuable insights.
4 Different Types of Data Analytics
Descriptive – "What happened?" This is the traditional domain of accounting.
Diagnostic – "Why did it happen?" Accountants can review expenses to determine why a certain line item increased or decreased. Accounting professionals are now going to move beyond the diagnostic-level thinking.
Predictive – "What will happen if we do X?" Accountant are familiar with this as it relates to capital budgeting. Big data if packed with many more predictive elements to be understood and utilized.
Prescriptive – "How do we make it happen?" This may present the biggest paradigm shift for the accounting industry. Accounting professionals should join the decision-making process, along with marketing and other functions.
Dr. Collins Discusses Blockchain
Blockchain is typically thought of in terms of Bitcoin, but the term actually refers to a distributed database structure linked to the previous piece of data. Theoretically, it should be unchangeable. From a business' point of view, blockchain creates a very detailed log of every transaction in various processes. Now, everyone can see what happened all along the way. From an auditing standpoint, blockchain enables triple-entry accounting.
Blockchain itself is a continuous audited function. This can "true-up" the data, thus making it more reliable. It's easily accessible and can be viewed in customized reporting formats.
The views and opinions expressed during the Bellarmine on Business podcast do not necessarily reflect those of Bellarmine University, its administration or the faculty at large. The episodes are designed to be insightful, thought-provoking and entertaining.
THE MONTHLY FORECAST:
Upcoming Events
June – The launch of the Coffee with the Pros Podcast. This is another Bellarmine podcast getting ready to launch. Jorge Pazmino, Lauren Coffee and Jaqueline McNatt are involved in this exciting new resource. This will be a Q&A format with former Bellarmine athletes who will provide career advice to current BU student athletes.
8/19/21 – Dean's Executive Speaker Series – Natalia Bishop Founder and CEO of Level Up will discuss her background and provide advice. Click here for more information.
Bellarmine Career Development Service – This service is open to both Bellarmine students and alumni. Is it time to make a change? Click here to contact learn how Bellarmine can help.
Want to Listen to Additional Episodes?
You can find additional episodes on the Rubel School of Business Podcast page of the Bellarmine website, various Bellarmine social media pages, Apple Podcasts, Google Podcasts, Spotify, Amazon Music, Audible, Libsyn, Podchaser and many other podcast directories. We encourage you to subscribe to our podcast so you don't miss an episode.
Interested in Developing a Podcast for Your Business or Organization?
This podcast was produced by Jim Ray Consulting Services. Jim Ray, host of the Bellarmine on Business podcast, can help you with the concept development, implementation, production and distribution of your own podcast. For more information, visit: https://jimrayconsultingservices.com/podcastproduction.
The Investment Group actually back-tests it's investment models via this terminal to understand performance modeling of investment securities and strategies.
Bellarmine Investment Group
Dr. Stevenson is the current faculty advisor for this student group. Meagan was one of the co-presidents of the group. It's her favorite activity at Bellarmine. This group is given the responsibility of actually managing a small portion of the university's endowment fund. They're working with "real money." This is an interesting way for students interested in pursuing the CFA to gain practical insights.
Bellarmine's Finance Degree
Dr. Stevenson discusses several aspects of the finance program at Bellarmine. The University has a long tradition of a very solid accounting program. One of the differences at Bellarmine is that finance majors do the entire intermediate accounting sequence, as part of their program. The economics classes of investment theory plus money and banking are also included. Finance is the intersection of accounting and economics.
Employers seem to value the fact that Bellarmine finance majors have a strong accounting background, as well.
Bellarmine is a liberal arts institution. This focus provides finance majors with the ability to think critically, remain adaptable and the ability to think and write well. The university provides a very well-rounded curriculum.
Disclaimer:
The views and opinions expressed during the Bellarmine on Business podcast do not necessarily reflect those of Bellarmine University, its administration or the faculty at large. The episodes are designed to be insightful, thought-provoking and entertaining.
THE MONTHLY FORECAST:
Upcoming Events
5/07/21 – Bellarmine Commencement begins.
Bellarmine Career Development Service – This service is open to both Bellarmine students and alumni. Is it time to make a change? Click here to contact learn how Bellarmine can help.
Bellarmine Alumni Mentoring Program - This is a terrific way to give back to current Bellarmine students. Bellarmine's program is one of the largest in the US. Click here for more information.
On the next Bellarmine on Business Podcast Episode
Episode 9 will launch on in June 1st, 2021. Professor of Accounting, Dr. David Collins will join the discussion. Be sure to join us for the next episode of the Bellarmine on Business Podcast.
Want to Listen to Additional Episodes?
You can find additional episodes on the Rubel School of Business Podcast page of the Bellarmine website, various Bellarmine social media pages, Apple Podcasts, Google Podcasts, Spotify, Libsyn, Podchaser and many other podcast directories. We encourage you to subscribe to our podcast so you don't miss an episode.
Interested in Developing a Podcast for Your Business or Organization?
This podcast was produced by Jim Ray Consulting Services. Jim Ray, host of the Bellarmine on Business podcast, can help you with the concept development, implementation, production and distribution of your own podcast. For more information, visit: https://jimrayconsultingservices.com/podcastproduction.
