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Biz Buzz: What’s New in Graduate Management Education

B schools win EQUIS accreditation, CIBER grants; EMBA survey; new healthcare alliance; major grants, new programs, and more…

IIM-B, Australian School of Business Earn EQUIS Accreditation
The Indian Institute of Management-Bangalore and the Australian School of Business at the University of New South Wales are two of three institutions newly awarded EQUIS accreditation on June 15. EQUIS, the European Quality Improvement System, is offered under the aegis of EFMD, the European Foundation for Management Development. The other new recipient was Nottingham University Business School at the University of Nottingham. Just 128 schools in 35 countries have earned EQUIS accreditation.

Three New Schools Among 33 to Win New CIBER Grants
Three new names are among the 33 universities that are receiving grants from the US Department of Education in support of international business education and research. With grants totaling some US$1.5 million each over four years, the University of Miami, the University of Minnesota, and Georgia State University will each establish a new Center for International Business Education and Research in their business schools. The 30 other institutions with existing CIBERs also received funding during the program’s new cycle, which runs from this October through September 2014.

The CIBER program was created by Congress in 1988 to promote the nation’s capacity for international understanding and competitiveness. CIBERs serve as regional and national resources for business people, students, and teachers.

The new center in the University of Minnesota’s Carlson School of Management, for example, will focus on three key themes—emerging markets, environmental sustainability, and less-commonly-taught languages—and will serve as a resource for businesses and educators in Minnesota and surrounding states.

Faculty Quality Is Top Driver in EMBA Program Choice
A survey of students in executive MBA programs shows that when candidates are deciding which program to attend, the top factor is the quality of the faculty. The Executive MBA Council survey of students who were enrolled in 2009 also showed that other top factors were school reputation, the quality of classmates, program format, and location. Ten percent of students began considering EMBA programs more than two years before they applied, and 25 percent more than one year in advance. However, more than a third (34 percent) began considering programs less than seven months before attending.

Those surveyed said that the most important resources available to help them make their decision were program faculty and staff, the admissions process, and information sessions.

B-Schools Form New Healthcare Alliance
Ten business schools have formed the Business School Alliance for Healthcare Management, a collaboration committed to improving healthcare by fostering management education in the health sector. BSAHCM’s charter members include Duke University’s Fuqua School of Business, Harvard Business School, the Kellogg Graduate School of Management at Northwestern University, the Wharton School at the University of Pennsylvania, and the Haas School of Business at the University of California, Berkeley. New members are the W.P. Carey School of Business at Arizona State University, Boston University’s School of Management, the Daniels College of Business at the University of Denver, the Owen Graduate School of Management at Vanderbilt University, and the Yale School of Management. The alliance plans case competitions and other activities designed to improve management practices in healthcare.

MBA Grads Also Earn Certificate in Responsible Management
Five June MBA graduates at the George Washington University School of Business were the first students in the United States to earn a Certificate in Responsible Management, the first certification program of its kind in the country. Created in May 2009 by faculty and students, the CRM is offered through the business school’s Institute for Corporate Responsibility. To earn the certificate, MBA students must complete at least two courses focused on the United Nations Principles for Responsible Management Education. Students must also contribute at least 15 hours per semester to a group or club that improves the university community, devote 50 hours toward service learning, and report on their experiences using social media.

Four Business School Leaders Join GMAC Board
Deans of four business schools have been elected to serve terms on the GMAC Board of Directors:

  • James W. Bradford, dean and Ralph Owen Professor for the Practice of Management at Vanderbilt University’s Owen Graduate School of Management.
  • Daniel F. Muzyka, dean and RBC Financial Group Professor of Entrepreneurship at the University of British Columbia’s Sauder School of Business.
  • Ray Whittington, dean at DePaul University’s College of Commerce and the Kellstadt Graduate School of Business.
  • Bernard Y. Yeung, dean and Stephen Riady Distinguished Professor at the National University of Singapore.

After Move, GMAC Headquarters has New Address and Phone Numbers
Taking advantage of favorable trends in the commercial real estate market, GMAC has moved its US headquarters from McLean to Reston, Virginia, some 10 miles away. Effective as of July 5, GMAC's address is PO Box 2969, Reston, Virginia 20195 USA. The main telephone number is +1(703) 668-9600. The fax number is +1(703) 668-9601. Email addresses remain the same.

NEWS IN BRIEF

Commercialization. To help realize the full potential of faculty research to improve lives and spur economic development, Ohio State University has created a comprehensive commercialization center. Housed in the university’s Fisher College of Business, the center is a partnership between Fisher and the university’s colleges of engineering, food agricultural and environmental sciences, health sciences, and law, along with OSU’s office of research.

B-school communications. Through the Johnson Graduate School of Management, Cornell University has partnered with a podcast developer to deliver video and audio clips from Cornell’s eClips digital library on business and entrepreneurship topics to small business owners through the Goldman Sachs 10,000 Small Businesses Initiative. … A new journalism competition aims to raise awareness of what makes successful companies tick. The Olin Business School at Washington University in St. Louis has created the Olin Corporate Strategy Prize, which will offer US$10,000 for the best reporting on shifts in corporate strategy. Judges will include journalists, business school scholars, strategy experts, and corporate leaders. … Business blogger and editor Renee Hopkins has joined the McCombs School of Business at the University of Texas at Austin as the editor of Texas Enterprise, a new online publication. Geared to business and academic audiences, the publication will offer business insights, research, and opinion drawn from UT faculty members and professionals around the globe.

New facilities. INSEAD officially inaugurated its campus in Abu Dhabi in June. The campus evolved from a center for executive education and research that was established in 2007. … Queen’s School of Business has broken ground on a 75,000 square foot expansion of its headquarters, Goodes Hall, in Kingston, Ontario. Among other features, the wing will include high-tech classrooms, breakout rooms for group discussion and teamwork, two research centers, and faculty offices. … The College of the Bahamas has broken ground on a B$4 million Graduate Business Centre. The building will house the school’s MBA program, the institution’s first such program to operate without another institutional partner, set to launch this fall. … Flanders Business School is investing €3 million to renovate a historic building in Antwerp that will house its executive education programs.

Apps. BlackBerry users can now access news and information about the Simon Graduate School of Business at the University of Rochester via a free mobile application that features faculty research and job postings, among other content.

FROM THE FUNDRAISING DESK
The Wharton School at the University of Pennsylvania has received an anonymous gift of US$3.16 million that will be used to create an effective model for university-assisted community development that can be replicated in cities around the world.

The Henry & Elaine Kaufman Foundation has given the University of Maryland’s Robert H. Smith School of Business a US$1 million endowment to support a fellowship in business history.

Chinese business leader Chau Chak Wing has donated A$25 million to the University of Technology Sydney. Of the gift, A$20 million will support the school’s new Faculty of Business building, designed by Frank Gehry, and A$5 million will endow a fund for student scholarships. In recognition of the gift, the largest ever made to an Australian business school, UTS will name the building after the donor.

In Ontario, McMaster University’s Ron Joyce Centre, the new home of the MBA and executive education programs at the DeGroote School of Business, has received a C$1-million gift from the Marinucci Family Foundation.

BB&T Corporation has given The Citadel School of Business Administration US$1 million to establish an endowed professorship and create an undergraduate and graduate academic program focused on the moral and ethical foundations of free enterprise.

NEW PROGRAMS

The W. P. Carey School of Business at Arizona State University is introducing sustainability as an area of emphasis for MBA students and plans also to infuse new coursework in leadership throughout its MBA programs. The school’s online MBA program will add emphases in marketing, supply chain management, finance, and international business. … The Duisenberg School of Finance, Cambridge Judge Business School, and Rotterdam School of Management have formed a partnership to offer a Senior Leadership Series. The initiative will offer small group meetings designed for international senior business leaders and experts to share experiences, exchange insights from the latest in current research, and discuss key issues. … The University of Miami School of Business Administration has established a Center for Health Sector Management and Policy. The school has also partnered with the Florida Medical Association to start a business certificate program designed to help physicians run their practices more effectively and efficiently. … MIT Sloan School of Management is starting a 20-month MBA for Executives program. … With the support of the Nanyang Business School at the Nanyang Technological University in Singapore, Ireland’s University College Cork has established the Farmleigh Fellowship Programme, designed to train recent Irish graduates in Asian culture and business. … 

NEW PROGRAMS, cont.

Queen’s School of Business is extending the scope of its Master of Management in Global Management program through partnerships with five international business schools. While enrolled in the Queen’s MGM program, students can complete a second master’s degree at HEC International Business School, Mannheim University, SDA Bocconi School of Management, Maastricht University-Faculty of Economics and Business Administration, or Copenhagen Business School. … The Department of Management Information Systems at the University of Arizona’s Eller College is partnering with City University of Hong Kong (CityU) to offer a joint, 15-month dual-degree program. Students will receive a master of business information systems from CityU and a UA masters in MIS. … The Simon Graduate School of Business at the University of Rochester is expanding its portfolio of MBA options for working professionals with an Accelerated Professional MBA program. … USB Executive Development, the executive development company of the University of Stellenbosch Business School, is extending its business management development activities in Africa. One of USB-ED’s flagship programs, the Management Development Programme, will be offered for the first time in Ghana, Kenya, and Zimbabwe this August and September. … The Richard Ivey School of Business at the University of Western Ontario and Indian Institute of Management-Bangalore have signed a memorandum of understanding focused on collaborative research, expanded PhD training, and India-focused business cases. …

California Polytechnic State University’s Orfalea College of Business is offering a two-year MBA program tailored to working professionals. Classes begin this September in the Canary Hotel in downtown Santa Barbara, California. … Starting in Fall 2011, the College of Business Administration at Central Michigan University will offer a new online MBA concentration in logistics management. … The Indiana Commission for Higher Education has approved Indiana State University’s request to begin offering a professional Master of Business Administration degree in the Indianapolis area. … Manchester Business School is opening a dedicated campus in Miami, Florida. The MBS Americas Centre will offer the school’s part-time Global MBA program to an initial intake of 30 students this September. MBS aims to grow the campus to provide places for 600 students within the next three years. … The University of Dayton School of Business Administration has started a Center for Professional Selling, designed to help students polish their communication skills and selling strategies. … Waterford Today reports that the School of Business at Ireland’s Waterford Institute of Technology has formed an alliance to offer double degrees with ESC Bretagne Brest.

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