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BIZ BUZZ

Curriculum reform. Next September, Mannheim Business School will introduce a new graduate management program. Under the theme “as unique as you are,” the one-year, English-language program offers several options. Students can elect to complete the program in Mannheim, include a three-month stay at a North American or Asian partner institution (including, for example, Chinese European International Business School and Thunderbird School of Global Management in Arizona), or complete two terms at top European business schools. In addition to the geographic options, electives help students structure a personalized program based on their career goals. The program’s capstone is a three-month team project at a global company.

Report Card on Innovation. A new study from the Center for Business Innovation and Creativity in the College of Business at Kennesaw State University assesses the state of innovation in U.S. companies. Separating companies into the “innovation driven” and the “innovation shy,” based on their stated goals, the study found that there is a significant gap in investment in innovation between the two types of companies. The top three obstacles to corporate innovation: fear of risk taking, resistance to change, and lack of time. Innovation-related initiatives tend to originate within a company's marketing, information technology, or sales departments, the study found, but half of senior executives say their companies don't provide much support or reward for innovative ideas. More than half of those interviewed believe that recent business school graduates lag in their ability to be innovative. (A 2006 survey from the Center suggested that business schools are not doing an effective job of teaching students about innovation, finding that less than 30 percent of graduate business schools had even a basic two-hour module in the field of innovation; less than 10 percent had a full-time course.)

Competitions update. Columbia Business School won first prize in the University of Maryland's first Mergers & Acquisitions (M&A) Competition, held October 11–12 at the university’s Robert H. Smith School of Business. The event challenged student teams to create and deliver M&A pitches to a panel of executives from Credit Suisse, Lehman Brothers, and other Wall Street firms. Students from the University of Wisconsin-Madison School of Business took second prize and students from the Simon Graduate School of Business at the University of Rochester won third prize. Meanwhile, another team of students from the Simon School won the 6th annual national Entrepreneurship & Innovation competition, held at Babson College in mid-October. The winning entry was a business plan for a national chain of specialized autism education centers.

From the Philanthropy desk
Claremont McKenna College
has been given $200 million by alumnus and trustee Robert Day. The gift will be used to create the Robert Day Scholars Program, which will link an undergraduate liberal arts education with curricula in finance, accounting, and organizational leadership… At the Massachusetts Institute of Technology, the Sloan School of Management is the recipient of a $500,000 endowment from The Merck Company Foundation. Given in honor of a Merck executive and Sloan alumna who recently retired from the company, the fund will generate income for doctoral fellowships and scholarly activities in finance… The Goizueta Business School at Emory University has received an anonymous $10 million donation to establish the Emory Center for Private Equity and Hedge Funds. The first goal for the Center is to become an “international hub” for independent research on private equity and hedge funds, according to Business School Dean Larry Benveniste… Penn State alum Gerald Kessler and his wife have given $1 million to establish scholarships in the Smeal College of Business. The scholarships, which are already benefiting four students, are for PhD or MBA students interested in international business… At the University of California-Berkeley, the largest private donation in the history of the Haas School of Business, $25 million from San Francisco real estate developer and alum Gerson Bakar, will support the creation of five new faculty positions… Six alumni of the University of Oregon Lundquist College of Business have pooled funds to donate $2.5 million to help launch a new Securities Analysis Center, which will anchor the school’s investment management specialization… The David Eccles School of Business at the University of Utah has received $3 million from local car dealer Robert Garff. The gift will help remodel one of the school’s buildings… University of Wisconsin-Madison alumni pledged more than $80 million during a "Keep that Name" campaign, supporting the school's efforts to retain the Wisconsin School of Business name instead of honoring one individual donor with a new name... Branch Banking & Trust recently gave the University of North Carolina at Pembroke $500,000 to establish a professorship in the School of Business to “advance the moral and philosophical foundations of capitalism.”… North Carolina Central University has received $1 million from George R. Hamilton, an executive with the Dow Chemical company, to support the operations and scholarships in the NCCU School of Business and athletics department

New Programs
The Ira A. Fulton School of Engineering and W.P. Carey School of Business at Arizona State University are planning to offer a combined MBA/master’s of science degree with a focus on industrial engineering. The schools already offer a joint program in electrical engineering… Starting this month, the School of Management at Boston University is rolling out its Pocket MBA for Physicians, an intensive business-oriented executive education program with a medical focus. The program is designed in collaboration with the BU School of Medicine… HEC Paris has launched a part-time graduate business program. The new program offers the same content as the school’s full-time program, but students can take up to three years to complete the program… At Pepperdine University, the Graziadio School of Business and Management is planning to expand its graduate business program into California’s Antelope Valley, northeast of Los Angeles, in partnership with the Aerospace Education Research and Operations Institute, a state-of-the-art aerospace research and learning facility. The university will offer a two-year, part-time MBA program for managers… The Faculty Senate at Rice University has approved a business PhD program for the Jesse H. Jones Graduate School of Management… Helping high-tech managers in India build better business practices is the focus of a new master's degree program launched by the University at Buffalo School of Management in conjunction with Amrita University in Bangalore, India. The master’s of science in management of information-technology-enabled services will help fill an emerging need in India for highly trained managers for call centers, claims processing, medical transcription, accounting, and data processing… Starting next July, the University of Alabama will begin offering an executive MBA degree in Huntsville, Alabama. The courses will be taught primarily by faculty from the Manderson Graduate School of Business at the Culverhouse College of Commerce, based on UA’s main Tuscaloosa campus… Mount St. Mary's College in Los Angeles has announced that it will launch graduate business program this fall. The weekend program will feature a cross-disciplinary curriculum and a study-abroad requirement… In September, the Postgraduate Institute of Management, based in Sri Lanka, started graduate business program in Dubai. The PIM's International Center was set up in Dubai’s Knowledge Village, which provides infrastructural facilities for many foreign universities… Winston-Salem State University will offer a new master’s degree in healthcare administration, beginning in August 2008, through the university’s School of Business and Economics… Starting this January, the graduate management program at Xavier University in Cincinnati will offer a new concentration in business intelligence.

 

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