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Biz Buzz: What’s New in Graduate Management Education

GMAC opens Hong Kong office; Sevilla named new board chair; Johnson School starts branding initiative

GMAC Establishes Office in Hong Kong

GMAC has opened an office in Hong Kong and appointed a new regional director for Asia Pacific to help staff its presence there. Julia Herries previously served in Hong Kong as the director of the China office for the University of Oxford. The new office is at the following address: Suite 01-03, 66/F, The Center, 99 Queen's Road; Central, Hong Kong. The phone number is +1 852 3965 3273.

Sevilla named chairman of GMAC board of directors

Alex Sevilla was recently appointed chair of the Graduate Management Admission Council board of directors. Sevilla, assistant dean and director of MBA programs at the University of Florida Warrington College of Business Administration, replaces Cherie Scricca, who resigned from the board when she left the University of Southern California Marshall School of Business.

The board also appointed Dina Dommett to fill Scricca’s empty seat on the board through June 2011. Dommett, associate dean for programmes of the Department of Management at the London School of Economics & Political Science, has served as a director of special projects and managing director of the Dubai‐London Executive Programmes for London Business School. She was also assistant dean for admissions at New York University Stern School of Business and an associate dean for Executive MBA programs at Columbia Business School. She earned a BA from Boston College and a PhD in Italian language and literature from Yale University.

Johnson School Unveils New Branding

The Samuel Curtis Johnson Graduate School of Management at Cornell University has created a new logo that seeks to position the Johnson name as its own individual brand. Under the branding, the school will officially retain its full name, but can now also be referred to by the abbreviations “Johnson at Cornell” or just “Johnson.” The rationale behind the new logo is “to begin to give the school a stronger individual identity and pop,” said Randy Allen, the school’s associate dean of marketing and corporate relations.

Smith School Book Addresses Supply Chain Challenges

Working to find solutions to ongoing challenges in the global supply chain, the Supply Chain Management Center at the Robert H. Smith School of Business at the University of Maryland has spearheaded a new book, X-Treme Supply Chain Management: A Guide to Mastering Business Volatility. Edited by leaders at the center, the book includes chapters from leading corporations and organizations in the supply chain industry. A companion tool kit of simulations and spreadsheets is designed to help practitioners manage volatility in their supply chains.

Wharton Creates New Family-Business Fellows Program

The Wharton School of the University of Pennsylvania has initiated a program designed to give students the opportunity to meet one-on-one with leaders of successful family-owned businesses. Modeled after the school’s popular Entrepreneur-in-Residence program, the Family Business Fellow program will provide a forum for discussion of such issues as family business governance, wealth management, and philanthropy.

Fisher, Corporations Create Opportunities for Intensive Learning

Corporate executives representing five major companies have joined with administrators, faculty, and students at the Fisher College of Business at The Ohio State University to launch Industry Clusters, a program designed to offer undergraduate students intense exposure to a specific industry during their junior year. The program includes coursework and projects led by corporate executives, Fisher faculty, and other experts. Nearly 50 students have been selected to participate in the first two clusters, in health care and energy/sustainability.

IMD Contest Challenges Potential Students to “Go Beyond What You Think Is Possible”

As part of a strategy to build awareness of its brand, IMD has started an interactive online contest that gives participants the chance to win a seat in one of the school’s executive education programs. The contest, Go Beyond What You Think Is Possible, is cleverly structured in steps around three of the schools core values: “Open,” “Collaborative,” and “Pioneering.” (An online video gives details.) Prizes also include Apple iPads.

Tour Baylor by Smartphone

Visitors to the Hankamer School of Business at Baylor University can now use their smartphones to enhance their tour. Pausing at interactive stops throughout the school, visitors can use such applications as Gowalla or Foursquare to access descriptive details and multimedia content about the school’s facilities and history. All the stops have a QR code, a type of barcode that can be scanned by mobile phones. The school has also been experimenting with putting the barcodes on the bins that distribute copies of the Baylor Business Review, offering smartphone users access to extra magazine content.

FROM THE FUNDRAISING DESK

Henry R. Kravis, cofounder, cochairman, and co-CEO of Kohlberg Kravis Roberts & Co., has pledged US$100 million to Columbia Business School. The gift, the largest in the school’s history, will support construction of the school’s expansion.  One of two planned new buildings will be named after Kravis.

Harvard Business School has received $50 million from Tata Companies, the Sir Dorabji Tata Trust, and the Tata Education and Development Trust, philanthropic entities of India's Tata Group. The gift, the largest from an international donor in the school's 102-year history, will fund a new academic and residential building for the school’s Executive Education programs.

Mike and Mary Farrell, parents of a 2010 graduate at Wake Forest University, have pledged US$10 million toward the construction of a building for the university’s Schools of Business, formed in 2008-09 through a merger of the Calloway School of Business and Accountancy and the Babcock Graduate School of Management.

Following a pledge of US$25 million toward the cost of a new business college facility by alumnus Peter T. Paul, the University of New Hampshire has started a website inviting other contributors to make donations that Paul will match dollar for dollar.

The University of Victoria has renamed its Faculty of Business as the Peter B. Gustavson School of Business, in recognition of a C$10 million gift from the school’s namesake earlier this year.

NEWS IN BRIEF

  • Bangkok-based Sasin Graduate Institute of Business Administration of Chulalongkorn University, the first business school in Thailand to earn AACSB accreditation, has announced plans to open a campus in Phang Nga.
  • INSEAD is partnering with an international educational finance company, Prodigy Finance, to offer its MBA applicants a new international loan program.
  • The University of Washington Foster School of Business has dedicated PACCAR Hall, a 132,000-square-foot, US$95 million building named for a Fortune 150 global technology company.

NEW PROGRAMS

Among recent international partnerships in executive education:

China Europe International Business School is partnering with the Osei Tutu II Institute for Advanced ICT Studies to expand its course offerings in Ghana. The Institute will offer an Executive Development Programme with courses on management, family businesses, and entrepreneurship for women, among others. … Having pioneered what is said to be the first European course in Leadership of Professional Services, the Rotterdam School of Management at Erasmus University has announced plans to repeat the program this April. The course is designed for accountants, lawyers, consultants, engineers, and related professions. … Harvard Business School has announced a new Executive Education program, Risk Management for Corporate Leaders: Integrating Best Practices for Superior Strategy Execution, to help senior executives better understand how robust risk management systems contribute to long-term business success. … HEC Paris and the Guimet Museum of Asian Art in Paris have signed a three-year partnership agreement intended to help students at the business school better understand Asian culture and society. HEC has similar agreements with the Palace of Versailles, the Louvre, and other French cultural centers. … HEC Montréal has inked training contracts with seven Chinese companies in the energy and banking industries. … Starting in January, the Eli Broad Graduate School of Management at Michigan State University will offer a Master of Science in Marketing Research. The one-year program includes two terms of full-time coursework and a semester in which students combine internships with two online courses.

Beginning in January, the North Carolina State University College of Management will offer a certificate program, the Technical Professionals Business Series, developed for engineers, scientists, and designers who seek to hone their business skills. … The Whitman School of Management at Syracuse University is partnering with Empire State Development in New York State to create a statewide Africa Business Center, focused on developing markets and enhancing international business performance for companies that are interested in the growing markets in Africa. … The Wharton School at the University of Pennsylvania has established a Partnership for Globalization with Sovereign Bank, part of Banco Santander, to develop deeper understanding of the global economy.

The Sprott School of Business at Ottowa’s Carleton University has started Canada’s first MBA program with a focus on the management side of international development. … The School of Business Management at Narsee Monjee Institute of Management Studies (NMIMS) in Mumbai has announced an EMBA program that will start this April. … SUNY Oswego is starting an online MBA program. … The University of Dayton has announced plans to offer an MBA concentration in cybersecurity management. … The University of Louisville College of Business has broken ground for a wing that will house its Equine Industry Program, which educates next-generation leaders in such areas as equine broadcasting, publishing, education, facilities management, racing, and breeding.

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