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Biz Buzz: What’s New in Graduate Management Education

Graziadio Redesigns Popular MS Program

Recognizing the impact of sustainability, globalization, and technology in organizations today, the Graziadio School of Business and Management at Pepperdine University has redesigned its highly regarded MS in Organization Development program. Major enhancements include the introduction of e-learning courses that incorporate social media tools, an increased focus on sustainability practices, and expanded opportunities for field work worldwide.

“Our MSOD program reflects more than 35 years of experience in leading the way in educating change practitioners,” said Linda A. Livingstone, dean of the Graziadio School. “And while the focus of the program remains on the development of both the organization and the individual, we’ve also stayed true to our pioneering spirit by reimaging a new curriculum that speaks to the complexity of today’s workplace.”

Pepperdine’s MSOD program blends online and experiential learning, including three field experiences abroad. Students spend 40 percent of their class time in the program in international locations.

Take the i2i Challenge

The deadline for business schools and other education providers to submit proposals for the second phase of the Ideas to Innovation (i2i) Challenge is December 16, 2011. Sponsored by GMAC through the Management Education for Tomorrow Fund, the two-part initiative seeks to find the world’s best ideas for improving graduate management education and turn those ideas into action.

In the Ideas Phase, the MET Fund received more than 650 concepts from 60 countries worldwide and awarded more than US$260,000 to 20 top ideas. Now, in the Innovation Phase, GMAC seeks proposals from schools and other education providers to implement one or more of the top ideas.

Created in 2008 with a US$10 million commitment, the GMAC MET Fund formalizes and enhances GMAC’s long-standing commitment to investing in strategic philanthropic initiatives that benefit business and management education globally. Learn more.

Haas School Launches New Courses

Several courses started this fall at the Haas School of Business at the University of California, Berkeley are helping students prepare for the future of business.

For example, students in the Berkeley-Columbia Executive MBA, which combines the strengths of the two prominent business schools, have the chance to take “Advanced Entrepreneurship: The Lean LaunchPad.” Under the tutelage of “serial entrepreneur” Steve Blank, students will learn how startups operate by building one.

Full-time MBA students at Haas can select from new electives on sustainability, fixed income, brand management, and social media marketing. One, “Driving Sustainability Through Business” will be taught by Executive-in-Residence Tony Kingsbury of Dow Chemical, an expert on sustainability. And “Brand Manager Bootcamp” offers hands-on immersion for new and senior brand managers.

Students in the Evening and Weekend MBA programs are taking two new core courses: a required course called “Problem Finding/Problem Solving,” and “Haas@Work,” one of several courses that satisfy a new experiential learning requirement.

Ross MBAs Learn Leadership in the Field

First-year MBA students kicked off their experience at the Ross School of Business at the University of Michigan by raising more than US$65,000 for charity, working on their creativity and innovation skills with Chicago’s famous Second City improv group, and cleaning up some blighted neighborhoods in Detroit.

The activities were part of an annual orientation program that offers co-curricular leadership development activities designed to complement the quantitative and analytical coursework at the heart of the two-year Ross MBA experience.

A new component this year featured action-based learning in the form of the Ross Impact Challenge. Incoming MBA students first learned of the challenge at 4 pm on a Monday and had until 6 pm on Wednesday to raise US$45,000. Students passed that goal by the deadline, and ultimately presented US$66,945 to the Make-A-Wish Foundation of Michigan, which grants wishes to children with life-threatening conditions.

Dawn with the Dean

Steve Reinemund is a business school leader who literally sets the pace. Starting at 6:30 am sharp every Thursday during the school year, Reinemund leads “Dawn with the Dean,” a three-mile run for students, faculty, and staff at the Wake Forest University School of Business. Runners of all ability levels are welcome. Reinemund started the tradition four years ago as a reflection of his belief that exercise leads to both healthier bodies and sharper minds.

NEWS IN BRIEF

  • Four MBA students from the University of Houston’s CT Bauer College of Business beat more than 35,000 students in nearly 4,500 teams from more than 68 countries to win the 2011 Google Online Marketing Challenge. They were the first group from North America to win the annual competition since it started in 2008. The event enables students to showcase their skills in advertising, ecommerce, integrated communication, management information systems, marketing, and new media technologies. 
  • MBA students from eight business schools are taking part in the MBA Face-Off, part of CNBC’s Million Dollar Portfolio Challenge, in which teams from each school test their trading prowess managing a US$1 million virtual stock and currency portfolio. Grand prize is US$1 million.
  • Babson College, the Carroll School of Management at Boston College, Claremont Graduate School, Emory Goizueta Business School, Fordham University Graduate School of Business, and Oklahoma State University Spears School of Business are among the 15 colleges and universities that have partnered with Evisors, an online marketplace for expert advice. Evisors provides students and alumni access to a network of nearly 1,000 highly qualified and knowledgeable professional experts. Evisors has also partnered with several institutions outside the US, including Cambridge Judge Business School in the UK.
  • After investing some US$11.7 million in renovations, the University of Illinois at Chicago has reopened Douglas Hall, now the home of its College of Business Administration.

FROM THE FUNDRAISING DESK

Rutgers University has received US$27 million from an anonymous donor, which will help endow 18 chairs in a wide range of academic disciplines, including business education.

The Wharton School at the University of Pennsylvania has been given US$12 million by alumni Bruce Jacobs and Kenneth Levy to launch the Jacobs Levy Management Center for Quantitative Financial Research and the Wharton-Jacobs Levy Prize for Quantitative Financial Innovation.

Nanyang Technological University has received a S$3 million gift from its Pro-Chancellor, Dr Wee Cho Yaw, to establish a scholarship fund at NTU’s Nanyang Business School for students in the Master of Science (Finance) program.

The University of Missouri-Kansas City has received a US$32 million gift from Henry W. Bloch to fund a building that will house graduate and executive programs in UMKC’s Henry W. Bloch School of Management.

The University of Louisville has named the primary building for its College of Business after alumnus Harry S. Frazier Jr., whose family donated US$5 million to the school.

Cape Breton University has received its largest donation ever, a C$2 million gift from Joe and Ruth Shannon and family, for CBU’s Shannon School of Business.

St. Bonaventure University alumnus Eugene McQuade and his wife, Peggy, have committed US$2 million to establish an endowment for the McQuade Center for Accounting Excellence endowment in the university’s School of Business.

Trustees of the Stephen Harrow Smith Revocable Trust have voted to donate US$1.15 million to the University of Arkansas at Little Rock to establish a dean’s endowment and seminar room for UALR’s College of Business.

NEW PROGRAMS

As part of a sustainability initiative, Ashridge Business School has provided iPads to the newest class in its one-year full-time MBA program. … CEIBS has launched a Centre on China Innovation. Established with support from Philips, Akzo Nobel, DSM, and Shell, the center will focus on research designed to help China-based companies foster innovation. … The Mason School of Business at the College of William & Mary has partnered with the US Army on the Major General James Wright MBA Fellowship, a pilot program in which 20 active-duty students are pursuing their MBA. The curriculum focuses on topics such as the federal government’s budgeting process, Six Sigma business management strategy, and supply chain management. … Colorado State University’s College of Business has created the Beverage Business Institute, developed to provide specialized management education and research for the beverage industry. The institute will offer workshops that can be combined into certificates as well as an MBA with a specialization in beverage management. … The Center for the Advancement of Social Entrepreneurship at Duke University’s Fuqua School of Business has started a program to foster development of impact investing, which seeks to generate environmental and social impacts in addition to financial returns. The program will offer resources and activities for students, entrepreneurs, investors, funders, and academics. … EBS Business School and Cass Business School at City University, London have entered into a strategic partnership. The partners will create a dual-degree program, which will give students at both universities the opportunity to complete master’s degrees at both business schools in two years. … ESADE’s new executive master in digital business program aims to provide students with skills to be leaders in the online world. … ESADE and Cranfield University have joined forces to offer an executive course, titled Leading Sustainability Strategies, set to be delivered this month in Barcelona. … Georgetown University’s McDonough School of Business has created an Entrepreneurs-in-Residence program. … Harvard Business School has received approval from the Boston Redevelopment Authority to build Tata Hall, an executive education classroom and residential building. … IE Business School has partnered with Free University of Tbilisi, Georgia, to provide scholarships to IE for five students from Free University. … IESE has established an executive MBA program in São Paulo, Brazil. …

The Kelley School of Business at Indiana University has inked memoranda of understanding with two institutions in India. The centerpiece of IU’s agreement with IIM Lucknow is a plan to create a joint master’s program in business analytics and global strategy as part of the executive MBA program offered by IIM Lucknow at its Noida campus. A five-year agreement with IIM Rohtak, a new institution, will initially focus on research and doctoral student development. Eventually, the two schools hope to offer a dual executive MBA program targeting working professionals in India. …

INSEAD has introduced several executive programs, adding intakes for its Global EMBA and Advanced Management Programme at the school’s campus in Singapore. INSEAD also plans to expand its executive education portfolio for the Asian market by adding an executive masters in clinical approaches to management later this year…..On September 10, MIT Sloan School of Management launched a conference, Click Marketing: Connecting with the Consumer in a Digital Age, which is planned as an annual event. … The Graziadio School of Business and Management at Pepperdine University is offering a certificate in Financial Management for the Family Office, targeted to individuals who manage assets and offices of affluent families. … Mays Business School at Texas A&M University plans to start an MBA program for professionals in fall 2012. The two-year program, which targets participants with two to 10 years of work experience, will be housed at CITYCENTRE, a mixed-use urban development in West Houston. The school will continue to offer its executive MBA program. … Dean Alison Davis-Blake at the Ross School of Business at the University of Michigan has created an Office of Global Initiatives, headed by associate dean and KPMG Professor of Accounting Bill Lanen, which is charged with integrate existing relationships and identifying ways to deliver globalization across the school’s programs. The Ross global portfolio includes the executive MBA Program, the global MBA program, the East Asia Management Development Center, the Center for International Business Education and Research, and the newly created India Initiatives. …

The Stanford University Program on Regions of Innovation and Entrepreneurship has joined Stanford’s Graduate School of Business, where it will expand academic programs and research focused on understanding innovation and entrepreneurship around the world. …

To prepare graduates who can assess, manage and control IT risks, the Fox School of Business at Temple University now offers a program leading to the Master of Science in Information Technology Auditing and Cyber-Security. …

The University of Florida has opened a remodeled Center for Entrepreneurship & Innovation and experiential learning laboratory in the Warrington College of Business Administration. …  The Robert H Smith School of Business at the University of Maryland has opened an Office of Career Services. … The University of Pittsburgh’s Institute for Entrepreneurial Excellence has started a certificate program, Urban Power to Prosper, designed to help entrepreneurs expand their business. … In collaboration with the Forté Foundation, the University of North Carolina’s Kenan-Flagler Business School has created a fellowship program for outstanding women applicants to its MBA for Executives Programs. … The Vanderbilt Owen Graduate School of Management has launched a master of accountancy program that focuses on preparing students for a career in valuation services for an international public accounting firm. … The Schulich School of Business at York University and Bangalore-based developers GMR Group have announced plans to build a Schulich campus in Hyderabad. Also, the Schulich Executive Education Centre at the Schulich School has partnered with the Canadian Organization Development Institute to offer a joint program, the CODI/SEEC Masters Certificate in Adult Training and Development. …

The University of Stellenbosch Business School has announced a Postgraduate Diploma in Leadership. A first in South Africa, the program is aimed at senior and middle managers. USB has also announced plans to offer its part-time MBA program on weekends, starting next year. … The American Graduate School in Paris has stated a graduate certificate program on “The Role and Management of NGOs in International Development.” … The Canadian University of Dubai is launching an MBA in Islamic Banking, described as “the only UAE-accredited university degree of its kind to be offered in the Middle East.” …

Cheung Kong Graduate School of Business, founded in 2002 as China’s first not-for-profit independent graduate business school, has opened a branch in London. The institution plans to open a branch in New York in 2013… Edinburgh Napier University has partnered with the Sri Lankan telecom firm Mobitel to start an MBA program that will be delivered via Mobitel’s mLearning platform, allowing students to follow lectures in an interactive virtual classroom. … In light of cutbacks in state funding, Miami University’s Farmer School of Business will suspend its accelerated MBA program after the current class graduates next summer. …

Montreat College and North Carolina Wesleyan College have partnered to create two graduate programs, including one leading to the Master of Science in Management and Leadership. … Salisbury University has opened a US$55 million, 112,800-square-foot building to house its Franklin P. Perdue School of Business. … The College of Business Administration at Texas A&M University-Kingsville will start an online MBA program next spring. … ALPFA, the largest Latino association for business professionals and students, and the University of Arkansas have created an institute in the Sam M. Walton College of Business envisioned as a “hub for thought leadership for the Latino business community.” … The University of North Carolina at Charlotte and Charlotte School of Law have started a dual JD/MBA program. … Through an MOU with the US Navy, MBA students at the University of Texas-Arlington will review select patents held by the Navy and create business plans for the most marketable technologies.

 

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