K-State College of Business Administration appoints Marcia Hornung director of the Center for Principled Business; Center’s growth made possible by Menard family
The Menard Family, Eau Claire, Wisconsin, owners of Menard Inc., a chain of home improvement stores, has committed $2 million to support the mission and programs of the Center for Principled Business in Kansas State University’s College of Business Administration.
Established this fall, the new center advances the study of effective practices that foster business leadership, innovation and growth for the benefit of society. The Menards join the Charles Koch Foundation and other leadership donors whose gifts helped establish the center, including Brad and Sheri Razook, Wichita, Kansas; Charlie and Marla Chandler, Wichita, Kansas; and Ron and Suzanne Vaupel, Bloomfield Hills, Michigan.
"In its first year, the Center for Principled Business is already strengthening our academic offerings in the key areas of entrepreneurship, business ethics and economic education," said Kevin Gwinner, Edgerley Family dean of the College of Business at Kansas State University. "This generous gift from the Menard family will allow us to further advance the center and its students."
Last month, the College of Business Administration named Marcia Hornung as the center's director, which will now be known as Menard Family Director of the Center for Principled Business in recognition of the family's support. Additionally, scholarship recipients will be known as the Menard Family Scholars.
Hornung holds a master’s degree in public administration from Kansas State University, and has been a faculty member at K-State for several years. Hornung previously served as an instructor in the college’s Entrepreneurship Program, the coordinator of partnerships and instructor with the Staley School of Leadership Studies, and the assistant director and program coordinator for Kansas State University's Division of Continuing Education – UFM Community Learning Center.
"We’re excited to grow the next generation of business leaders through the teaching and research activities of the center," said Hornung. "We are so grateful for the support from the Menard Family and others who have helped make the center possible." Initial activities of the center will include the hiring of faculty over the next two to three years, offering courses and creating a new certificate, awarding scholarships for students pursuing the certificate, and providing curriculum and research grants. The center will also offer non-credit regular programming for K-State students, working professionals and K-12 students with an emphasis on corporate innovation, efficient markets, and principled leadership. An intensive non-credit summer experience for working professionals and university students to learn concepts that lead to value creation within companies and corporate innovation will also be offered.
"Kansas State scholars show the transformational power of education for students and society," said the Menard Family. "We're proud to support the university as it expands opportunities to explore the elements of principled entrepreneurship and its impact in communities."
As Kansas State University's strategic partner for philanthropy, the KSU Foundation inspires and guides philanthropy toward university priorities to boldly advance K-State family. The foundation is leading Innovation and Inspiration: The Campaign for Kansas State University to raise $1.4 billion for student success, faculty development, facility enhancement and programmatic success.