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Biz Buzz: What's New in Graduate Management Education

Nominations Open for 2012 TeamMBA award

Ready for your school to win the 2012 TeamMBA award? Nominations are easy. Every business school that posts updates about its volunteer activities to the TeamMBA website is automatically entered in the competition for GMAC’s 2012 TeamMBA award.

Posting on the TeamMBA website lets the world know what your students are doing to give back to society. Entering your events on the TeamMBA site is easy and quick. Upload stories, pictures, and videos that tell the world about volunteer work at your school. Once your update has been uploaded, your school will be in the running for the 2012 TeamMBA award, which will be announced at the 2012 GMAC Annual Conference in Chicago.

The website also tells how to order free TeamMBA shirts for volunteers at your campus.

Now in its eighth year, Team MBA is an international initiative for students, faculty, and staff at business schools to perform community service or participate in charity events and show the world that graduate business students are serious about giving back. For more information, see the TeamMBA website.

Georgetown Redesigns MBA Curriculum

Georgetown University’s McDonough School of Business will introduce a redesigned MBA curriculum this fall for its full-time and evening MBA programs.

To allow students more time to absorb curricular material, most core courses have been lengthened from a module to a semester format. New courses are being designed to involve cross-disciplinary teams of faculty, and to help students hone their skills in analyzing and interpreting data. One new course, Principled Leadership for Business and Society, will integrate knowledge and perspectives in ethics and corporate social responsibility.

All core courses will include a significant amount of global content. First-year MBA students will start their studies with a three-week integrated course on the Structure of Global Industries. The school’s MBA programs will culminate in a global business experience that will include classwork and hands-on experiences consulting for organizations around the world.

Sauder Re-envisions MBA Program

The revised 16-month, full-time MBA program at the Robert H. Lee Graduate School at the University of British Columbia’s Sauder School of Business is due to roll out this fall. The program integrates experiential learning, global immersion, and personalized leadership development. Instead of choosing a major, students pick one of four career tracks as a program focus. Options include consulting and strategic management, finance, product and service management, and business innovation.

One program emphasis is on creativity. This fall, for example, an elective course on creativity that has been increasingly popular at Sauder will become a requirement for all new MBA students. The program also stresses globalization and ethical management thinking and practice. Another highlight is the summer experiential learning component, in which students get hands-on experience pursuing an internship, entrepreneurial project, or team consulting project.

EBS University Expands Executive Education

EBS University (EBS Universität für Wirtschaft und Recht) has announced plans to turn its executive education programs into a separate “Executive School” that will have the same stature as the EBS Business School and Law School. The realignment is part of a vision for the institution’s future called "Hesburgh@EBS" that EBS President Rolf D. Cremer started shortly after taking office last summer. The plan is named after Theodore Hesburgh, the renowned past president of the University of Notre Dame in the United States.

EBS has offered executive education for the past 25 years. Enrollment in its certificate and corporate programs has risen significantly in the last five years. “The German economy thrives on the knowledge and intelligence of its workforce. In the global competition lifelong learning is therefore becoming increasingly important,” Cremer said, adding that “executive education represents strong growth potential for the university.”

NYU Stern Starts Digital Marketing Specialization

To more formally prepare MBA students with the strategic and analytical skills to guide organizations that are navigating a digital world, the Stern School of Business at New York University has launched a Digital Marketing specialization. Starting in spring 2012, students have the opportunity to focus their studies on a mix of marketing and information systems courses designed to show them how to create value in a complex digital world.

Columbia and Berkeley to Shutter Joint Program

The Columbia Business School at Columbia University and the Haas School of Business at the University of California-Berkeley have decided to end the Berkeley-Columbia Executive MBA program. Glenn Hubbard, dean of Columbia Business School, and Rich Lyons, dean of Berkeley-Haas, said the joint decision reflected each school’s goals and future plans. The joint program will close next February, when the current class graduates.

Columbia Business School recently launched a Saturday-only option for its EMBA-New York program. In addition to a full-time MBA program, it also offers EMBA-Global partnership programs with London Business School and the University of Hong Kong. In 2012, the Haas School plans to add a stand-alone MBA for Executives program to its full-time MBA and evening and weekend MBA programs.

Finance Prof Helps Discover Galaxy

Francis Longstaff, a professor of finance at the UCLA Anderson School of Management and an amateur astronomer, was part of a team that recently discovered a galaxy that had previous been unseen even by the Hubble Space Telescope. Led by UCLA research astronomer Michael Rich, the team used a unique telescope to discover a previously unknown companion galaxy to the galaxy NGC 4449, which is some 12.5 million light years from Earth.

From the fund-raising desk

Florida State University has received US$5 million from William Hold and the National Alliance for Insurance Education & Research to support FSU’s risk management and insurance program.

The University of Windsor has received a pledge of C$3 million from the LL Odette and EG Odette families, part of which will help expand the Odette School of Business.

Duke University trustee Gerald L. Hassel and his wife, Anita-Agnes, have committed US$4 million to the university, of which US$3 million will support endowed scholarships and the annual fund in the Fuqua School of Business.

The University of Chicago’s Energy Policy Institute at Chicago, a joint enterprise of the Chicago Booth School of Business and Harris School of Public Policy, has received US$1.5 million from the Fuel Freedom Foundation to establish the Future of Transportation Fuels Initiative.

The Northrop Grumman Foundation has given a founding grant of US$1 million to the University of Virginia Darden School of Business Initiative for Business in Society, established to explore the role of business in society and to prepare leaders to positively impact society through business.

St. Bonaventure University’s new business center will be named the William E. & Ann L. Swan Business Center after Ann L. Swan and her husband, the late William E. Swan. Mrs. Swan has pledged US$3 million gift to St. Bonaventure’s School of Business Campaign.

Warwick Business School professor Nick Chater, head of the Behavioural Science Group, has been awarded a European Research Council Advanced Grant to explore the “Cognitive and Social Foundations of Rationality.” The grant of €2 million runs for five years.

The Texas A&M Foundation recently received U$1 million from ConocoPhillips to fund the ConocoPhillips SPIRIT Scholars Program as well as other academic programs at the university. The SPIRIT program supports Aggies in the Mays Business School and other units at the university.

North Georgia College & State University has received US$1 million from BB&T to establish the Center of Excellence in Ethical Business Leadership in the Mike Cottrell School of Business.

New Programs

Ashridge Business School has started a fast track advanced management program, an executive education program that will be offered in the Middle East as well as the UK this spring and fall. Consisting of two five-day modules, the program is structured around four areas of competence: setting direction, providing leadership, making the most of people, and driving growth and realizing results. … Babson College is partnering with Shiv Nadar University to offer programs in entrepreneurship education in India. Students completing the programs will obtain a degree issued by Shiv Nadar University and a certificate from Babson College. … Cass Business School at City University London is launching an MSc module on Ethics, Society and the Financial Sector. … CEIBS has started a Career Development Center and Corporate Executive Coaching Program. … Clemson University is offering a Mini MBA Program this spring through five all-day Saturday seminars in Greenville, South Carolina. … The Tuck School of Business at Dartmouth College has teamed with Doremus, a global business communications agency, to create the first ever communications effectiveness index. The index will allow businesses to see which communication behaviors are most successful in their industry, helping them map marketing and communication efforts. … The ESADE Foundation and the clothing company Desigual plan to work together to promote and boost the academic potential of talented students by eliminating financial barriers to higher education. Under the pact, Desigual will contribute to ESADE’s endowment fund. … The Global Social Enterprise Initiative at Georgetown University’s McDonough School of Business and Booz Allen Hamilton have announced a partnership to identify and develop solutions to complex, large-scale issues utilizing Booz Allen’s MEGACOMMUNITIES approach, which suggests ways through which government, business, and civil society can work together. … Great Lakes Institute of Management, Chennai has signed an agreement with PS Senior Secondary School to promote management education and entrepreneurship among secondary school students. … Harvard Business School has opened an amphitheater-style classroom in Mumbai that replicates the classrooms on the school’s Cambridge campus, giving participants and students in India a true HBS case method learning experience for the first time. … HEC Montréal and the École de technologie supérieure will co-host the 2014 Space Studies Program for the International Space University. The nine-week course will enroll some 120 graduate and post-graduate students and professionals from thirty different countries. … IESE Business School will offer an executive education program for leaders in arts and culture institutions later this month in New York City. The program, “Arts and Cultural Management: From Service Design to Success,” will analyze the experience cultural organizations deliver for their audiences and how leaders can implement changes to improve results in quality and revenue. … At New York University, the Stern School of Business and School of Medicine now offer an MD/MBA program. Students can complete both degrees within five years. … As part of what the school calls its “emphasis on students’ humanistic spirit,” the MBA program at Guanghua School of Management at Peking University now offers three elective humanities courses: “Introduction to the Cultural Traditions of China,” “Philosophy and Life,” and “Philosophical Reflection in Social Development.”… The SDA Bocconi School of Management has announced plans to conduct executive education programs in India focusd on the luxury business in association with Luxury Connect of New Delhi, a promoter of luxury services. … The Beedie School of Business at Simon Fraser University is launching a social venture program, the SFU Social Entrepreneurship Accelerator, designed to help entrepreneurial students nurture social impact ideas or start social ventures. … The Knight Management Center at the Stanford Graduate School of Business, which opened last April, has been certified as LEED Platinum, the highest rating for environmental sustainability, by the US Green Building Council. … The Association for Information Systems is collaborating with the Institute for Business and Information Technology at Temple University’s Fox School of Business on an annual job index for the field of information systems. … The Thunderbird School of Global Management’s Emerging Markets Laboratory has been tapped by the Lemon Industrial Development Bureau in Anyune, China, to develop a global action plan for the province’s most important agricultural crop. MBA students will focus on streamlining the lemon value chain, marketing and branding Anyue and its signature lemon products, and crafting a strategy for accessing markets in the US, Europe, and the Middle East. Now in its third year, TEM Lab is a capstone honors consulting practicum for advanced Thunderbird students. … The Sauder School of Business at the University of British Columbia announced the opening of its headquarters in Vancouver. The C$70-million revitalization and expansion adds 55,000 square feet to the original 216,000 square-foot structure and includes a facility for Sauder’s Robert H. Lee Graduate School. … To help students navigate campus life, the Australian School of Business at the University of New South Wales has launched an iPhone app, “Your ASB.” … The Lundquist College of Business at the University of Oregon has created the Business Innovation Institute, an umbrella organization for the school’s existing Center for Sustainable Business Practices and the Lundquist Center for Entrepreneurship. … The Aresty Institute for Executive Education at the Wharton School at the University of Pennsylvania has announced a new program, “The Leadership Edge: Strategies for the New Leader.” Designed to meet the needs of executives transitioning into management roles, the program will be offered at Wharton’s San Francisco campus this June. … As South Africa moves to make mediation a compulsory step for all civil and commercial litigation, the newly launched African Dispute Settlement Centre has partnered with the Africa Centre for Dispute Settlement at the University of Stellenbosch Business School to help the country adapt to the changes. … The College of Business at Washington State University has announced plans to create a Student Services Center. … Extending a program that enabled chartered accountants with undergraduate business degrees direct entry to the second year of its MBA program, York University’s Schulich School of Business now offers that option to chartered accountants with non-business degrees. … Austin, Texas-based Acton School of Business has started a condensed MBA in entrepreneurship program in which students complete the first portion of the program from anywhere in the world, then spend five months in Austin to complete their MBA. … The Clark University Graduate School of Management is starting a master of science in accounting program, beginning this September. … Grenoble Graduate School of Business has announced an online MBA and an international executive MBA. … The Louisiana State University E. J. Ourso College of Business has opened a new home, the Business Education Complex. … Honoring one of its key supporters, Murray State University has named its business school the Arthur J. Bauernfeind College of Business. … Newcastle University Business School has opened a new building. … The Alberta School of Business at the University of Alberta and the Rozsa Foundation have teamed to offer an MBA course in arts management. … The University of Michigan-Dearborn College of Business is launching two graduate degree programs this fall, a master of science in supply chain management and a master of science in business analytics…..The Whittemore School of Business and Economics at the University of New Hampshire will begin offering an online MBA this fall. … The University of Saint Francis plans to start an MBA in sustainability program as well as a 16-month, 33-credit-hour online MBA this fall. … The West Virginia University College of Business and Economics and School of Medicine will create a joint MD/MBA program. … The University of Missouri-Kansas City and the Henry W. Bloch School of Management unveiled the preliminary images of the Bloch School’s Henry W. Bloch Hall for Entrepreneurship and Innovation at a groundbreaking ceremony March 8 on the UMKC Volker Campus. 

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