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About The Battalion. (College Station, Tex.) 1893-current | View Entire Issue (April 19, 1984)
|agel /The Battalion/Thursday, April 19, 1984 e$ „ maiitis lie said, Fast track Management students get real world experience United Press International from i ‘lie third i, portsinii | isn’t necessarily the students with nd Con ihejliighest grades who take part in the being -track management program at it to com is, as A&M University, it theintem articipation in the program is by in is as iinn™ lion only. The students who are se- nportanl i ec * a l reac ly f> av e demonstrated some ketplace ragement ability, either at Texas Mor off campus. , . We try to take students who already f management skills and put them 'I n !| lu ' pugh a course that will give them a a econoMup when they leave the University said Dr. 1 start out in jobs,” said Dr. Lyle [oenfeldt who heads the program. 18 months students selected for program will have solved a wide ar- I |y of management problems, worked ^jTjjpntcrns at corporations, been con- wl lybnted with difficult management situ- ns presented by speakers from pri- t corporations and worked on three |or class projects. They also will have ea field trip to a major corporation ilk with managers at different levels. Our goal is to compress into 18 Ioward Bii; nths several years worth of experi- id hyjjug e to age these people as fast as we "Schoenfeldt said. tisan elite group. Texas A&M has idudcfw W undergraduate students in the ycr; § [ai( lege of Business Administration. Be- : U.S. ley Sdi! man of ik itic Polio sinessmac igas. vaiive wilt lings; r -. S3, an iglu yean tween 30 and 40 juniors are selected for the program which usually is in addition to regular course work. “Grades are not involved in the selec tion process,” Schoenfeldt said. “Look at the best managers in any big organiza tion and then go back and look at their grades when they were in college or in grad school. You will not find a group of A students.” Each student must work as a summer intern with an actual corporation. Expe riences have varied; two students found themselves handling huge piles of work at a failing West Texas bank. When other employees were laid off, their jobs were turned over to the interns. The group does an in-depth manage ment study of a major corporation. Last year it was Tenneco in Houston; Dallas- based Diamond Shamrock may be on the spot this year. At first, Schoenfeldt said, students and corporate executives approach the meetings warily. “But once we get them together, we can’t get them apart,” he said. Another project is a business simula tion. Teams of students run make-be lieve companies. Each team has a chair man and four vice presidents. They must make management decisions in 20 or more different areas such as pricing, inventory, investment in research and development, capitalization and hand ling and rewarding of personnel. Success or failure depends upon the bottom line return on investment, de cided by a specially programmed com puter which reviews all of the data. At one point, the students must make E resentations on their company to a oard of directors made up of advisors from the companies where they served as interns. A third project is to divide the stu dents into teams that will audit the hu man resources management practices in one segment of eight different compa nies. Both large and small companies are involved. “We’ll do a written report on each company,” Schoenfeldt said. “If the company wants, I’ll send students back to do a stand-up presentation.” The first fast-track group will com plete its 18-month course in May. The second is just getting underway so it is too early to evaluate results. “It will be interesting to follow up in a feyv years and see how these students have progressed in their careers,” Schoenfeldt said. “If they have learned nothing else during this period, I hope they will have learned that any success they achieve will be through hard work and sacri fices.” Microwave ‘zapping’ can extend milk’s life United Press International ITHACA, N.Y. — Zapp'ng milk in a microwave oven can add 10 extra days to its refriger ator shelf life without signifi cant nutrient losses and with no flavor change, a Cornell Uni versity study shows. Milk ordinarily has an aver age shelf life of a week to 10 days, says nutrition professor Gertrude Armbruster. After that, the microorga nisms naturally present start to produce enzymes affecting fla vor. Ideally, heat treating should be done before the expiration date on the milk carton, she said. It is best done in small quanti ties — about one cup at a time, for 110-120 seconds at full- power setting, Ms. Armbruster said. All treated milk should be cooled immediately, she said, and stored in the container in which it was microwaved. isuranee offered for projects rs es on, founliofl linked Press International few YORK — Launching a [less enterprise usually in- a marketable idea, the people and the necessary r Jt J cing - ig lunds put lack of financing can stop )wersasgi| hways. lighwajDj terimeniel i [lowers !-l countie suits ini ent ann« be cut ty [lowers r« igthangisl pjeetdead in its tracks. |ow, however, a new twist on 1 insurance idea may make Isrer to get financial backing, new insurance product is Id “system performance in- Ince.” ikos Swierkiewicz, vice presi- ht of special risk facilities at raCorp., is a leading propo- am ry iboul the >se. Polio >re drunk of the dil M's in a« in a state) ce said, lid, ; had, we* aby was ci) baby ni« turned n't to tab to deter® >ne any f 11 Vhen we issue a policy it rs the entire project against inical non-performance, ning the inability of the ect to reach or maintain a I of output due to some type technical deficiency,” says irkiewicz, in explaining the :ept. “This insurance can be of fered for any type of project which has machines working to gether, taking raw materials and producing something else as output,” he says. However the insurance will not pay for physical loss or damage since other insurance is available to cover those situa tions. And Swierkiewicz says system performance insurance does not cover anything related to the basic economics of the pro ject. If the cost of raw materials, utilities and labor go up, mak ing the project output uncom petitive in the marketplace, then there is no coverage. Premiums for the system per formance insurance range be tween 4 and 10 percent of the limit of liability. Thus a policy for $15 million worth of protec tion could cost as much as $1.5 million. “The benefit of system per formance insurance,’ Swierkie wicz says, “is that technical risk is assumed by an insurance cient manner company structured to assume risk in a more effective and effi- NOW HIRING Good benefits. Good pay! Free uniforms and food! Flexible hours. Apply now! WORK FOR NUMBER ONE! See a Manager for an application. 2420 TEXAS AVE., COLLEGE STATION 801 University Dr. College Station 825 Villa Maria Road Bryan Mc&onatd? s\ r\ ■ Mm J y Y / * F0 FIN ALL V FiGURBP our soFterniNG ro eer us OFF TH15 /SLANP. I pover irwevz TRIED SMOKE SIGNALS, RAFTS, message bottles. 3UT TH! s WILL ATTRACT SOME attention. YJ. really fine eats Dominik Drive College Station-BYTHE-SEA Woodcreek gives you a whole lot more for less. Like ponds for ducks. And pathways for jogging or walking. 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