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Biz Buzz: What’s New in Graduate Management Education

GMAC’s Dave Wilson, TeamMBA Raise US$112,000 to Fight Cancer

TeamMBA, led by GMAC President and CEO Dave Wilson, raised US$112,000 for the Lance Armstrong Foundation in the LiveStrong Challenge outside of Philadelphia on August 20-21. Wilson was the top individual fundraiser with US$85,000.

Dave Wilson, left, and son Sean Wilson, ride 70 miles in LiveStrong Philly

“This year’s race was a very special one,” Wilson said. “Cancer has impacted the lives of my friends and family, just as it has touched the lives of so many others. When I turned 70 in June, I committed to bike 70 miles and raise at least US$70,000 this year to help fight cancer. I called it my 70-70-70 Challenge. Crossing the finish line with TeamMBA, I am honored to be a part of the LiveStrong Challenge Philly and the race against cancer.”

Dave rode as part of TeamMBA, GMAC’s global initiative to promote volunteerism among MBA students. Launched in 2005, TeamMBA aims to help students and schools find ways to support their communities through charitable programs and services. This year’s LiveStrong Challenge team included a group of 19 riders from the business school community across the country. Over the years, TeamMBA has raised nearly $US500,000 through the LiveStrong Challenge in Philadelphia and other cities. Wilson participated in his 12th LiveStrong Challenge since 2005 and has raised a total of US$300,000.

For a slideshow website. Video coverage is available on YouTube.

UCLA Anderson, ASU Update MBA Programs

Two prominent business schools have updated their MBA curricula.

At the University of California-Los Angeles, the UCLA Anderson School of Management revised its core curriculum and elective courses. MBA students will take a customizable sequence of core courses and will pursue tracks that will deepen their knowledge in marketing, finance, or consulting while adding certificate programs in areas of interest. They will develop leadership and communication skills through specialized courses at the start of their first year and will participate in six-month, team-based applied management research projects.

“With the new curriculum customized around their career needs, UCLA Anderson graduates will be ready to enter the market with deep expertise in their chosen fields when they finish their MBA,” said Judy Olian, the school’s dean. “The program is designed to give our students the flexibility they want, and the critical preparation they need.”

One goal of the updated MBA curriculum at the W.P. Carey School of Business at Arizona State University is to prepare graduates who “can immediately add value in the real world,” said Robert Mittelstaedt, the school’s dean. To that end, for example, the school’s executive MBA program will now offer a 360-degree peer review process for every student. Students will customize professional development plans, participate in leadership course, gain real-time feedback from members of their own companies, and meet with an executive coach.

The school’s full-time MBA students will take part in leadership activities spread throughout their two-year program, including peer reviews and required organizational leadership training. They will participate in personal-branding lessons, resume workshops, and mock job interviews. They will also take a required business communications class. An entrepreneurship class will be required for all full-time and executive MBA students, and every full-time MBA student will be required to help create a business plan.

Kogod Starts Professional MBA

The Kogod School of Business at American University is rolling out a Professional MBA degree program. Students in the 27-month cohort program will take the same curriculum as the school’s existing MBA program, but within a structure designed for working professionals.

Students will take one course at a time, one evening per week. They will be supported by concierge services that include light meals before class. An academic advisor will handle course registration and a career coach will be available. The curriculum includes a global learning experience.

Mongolia mission for MBA graduates

Four MBA graduates from London Business School are back in London after spending their summer driving an ambulance to Ulan Bator, Mongolia to raise money for charity. Tak Lo, Ashok Ananthnarayan, Nalin Gupta, and Giacomo Tortora drove 10,000 miles in 28 days and then donated the £3,500 ambulance to serve a Mongolian community. The rally raised nearly £1,000 more for the John Smith Memorial Trust and the Christina Noble Children's Foundation.

“Though it wasn't easy driving through 12 countries and into Mongolia in a British ambulance, we are proud to have donated our vehicle to Ulan Bator Songinokhairkhan District Emergency services,” Ananthnarayan said.  “They plan to convert the ambulance into a mobile emergency unit in an area with a distinct lack of equipment for emergencies and patient transport.  We're ecstatic that our vehicle will help save people's lives.’

NEWS IN BRIEF

  • The University of Illinois at Chicago has renovated Douglas Hall, the new home to its College of Business Administration. The building brings the administrative offices for the Liautaud Graduate School of Business to the heart of campus.
  • Cass Business School Dubai added to its green credentials when it received a conservation award from the Dubai government. Cass was honored for energy and water conservation.
  • In June, the Darla Moore School of Business at the University of South Carolina successfully conducted its first custom executive education program delivered by telepresence. Connecting manufacturing executives in Germany and South Carolina, professor Martin Roth taught a two-day program through which the executives collaborated virtually on marketing and strategy projects. In South Carolina, students gathered in the Moore School’s Global Learning TelePresence rooms, equipped with large, high-definition panels with video and audio, to work with Frankfurt colleagues based in a hotel, creating what the school calls “a single learning space.”
  • Recognizing that skills from business school can bolster the practice of law, at least two prominent law firms are sending first-year attorneys to post-graduate business training. The Wall Street Journal Law Blog reports that new associates in Debevoise & Plimpton’s New York and London offices will spend their first month gaining practical business skills through a program developed by Fullbridge, a company owned by two Harvard Business School alumni. The law firm Skadden Arps Slate Meagher & Flom offers a similar program.

FROM THE FUNDRAISING DESK

Mark and Carolyn Ain have committed to donate US$3 million to support entrepreneurship education and scholarships at the Simon Graduate School of Business at the University of Rochester.

Steve and Susan Chamberlin, former members of the professional faculty at the Haas School of Business at the University of California-Berkeley, have pledged US$1 million to help Berkeley-Haas and other schools at the university pilot online education.

Entrepreneur and alumnus Charn Uswachoke has pledged US$22 million to the University of North Texas, of which US$5.5 million will support scholarships in UNT’s College of Business and a suite for graduate students in the school’s new Business Leadership Building.

Point Park University has received US$1 million from George and Kathleen White to establish an endowed professorship in accounting and finance to its School of Business and to fund the Urban Accounting Initiative, an effort to increase awareness of careers in accounting and finance among minority youth.

Health care company Humana will give US$1 million to the Entrepreneurship Bootcamp for Veterans with Disabilities (EBV) Program over the next two years. The grant will help send more veterans with disabilities to entrepreneurship training at seven universities that participate in the EBV.

NEW PROGRAMS

Cass Business School Dubai, part of City University London, has inked an Memo of Understanding with Hawkamah, the Institute for Corporate Governance, through which the partners will collaborate to raise awareness of corporate governance through joint workshops, seminars, networking, and research. … The University of Chicago Booth School of Business has expanded its scholarship support for US military veterans who qualify for the Yellow Ribbon program to include students in its evening, weekend, and executive MBA programs. … The Clemson University MBA program has developed an online staff training program for Heritage Healthcare, a company that provides rehabilitation therapy services to long-term care, assisted-living and continuing-care retirement communities throughout the United States. … Columbia Business School has launched Columbia Business School Mobile, a mobile app that offers access to important school-related information and services. Among other features, students can access course assignments and materials. …

The School of Management at George Mason University has added an online Global EMBA and National Defense EMBA to its portfolio of EMBA programs … Twenty case studies that focus on the complexities of delivering health care in resource-poor settings have been released by the Global Health Delivery Project, a collaboration among Harvard Medical School, Harvard Business School, and Brigham and Women’s Hospital. … A new blog from IESE, Leadership Live, which is published in German and English, focuses on the German-speaking business community, and highlights perspectives from participants, professors, and graduates in IESE’s Advanced Management Program Munich-Barcelona. … The Indian School of Business recently launched its third annual iDiya Challenge, a competition designed help spark high-impact, self-sustaining social businesses in India. … London Business School has announced that it is aiming for at least 30 percent of its MBA program to be women, a benchmark that it says is in line with the UK’s 30 Per Cent Club, which seeks to see that 30 percent of British boardroom members are female by 2015. … Nanyang Technological University and JTC Corporation have established a joint research center to promote the growth and development of industrial infrastructure solutions in Singapore. … As part of its “Business Collaboratories,”—so named because they engage business and academia in collaboration around research-driven practices—the NC State University Poole College of Management is offering executive management sessions on “Managing Disruptive Innovation” in September and October. … Northeastern University’s College of Business Administration has unveiled a user-friendly mobile version of its website for iPhone, Android and Blackberry users. … This fall, the Lally School of Management and Technology at Rensselaer Polytechnic Institute will launch an MS in Management program with a focus on lean applications in healthcare at Rensselaer’s Hartford, Connecticut, campus. … To help during lean fiscal times, the Executive MBA program in the Fox School of Business at Temple University has introduced a Corporate Partner Scholarship Program, which provides scholarships for students when more than one employee from the same company attends the program in a given year. … The Mays Business School at Texas A&M University and the Texas Engineering Extension Service have entered into a five-year agreement under which TEEX will provide leadership and team-building training through disaster preparedness programs for MBA students at Mays. … Thunderbird School of Global Management has teamed with the University of Auckland, New Zealand Trade and Enterprise, and the ICEHOUSE, a business incubator, to offer a 12-month custom global leadership program for top-level executives in New Zealand that will take participants to Auckland, Beijing, Shanghai, and the Silicon Valley. …

To bolster the ranks of MBAs with a background in the STEM fields, a new program at the University of Alabama enables students to combine their interests in science, technology, engineering, or math with business and complete both their undergraduate studies and an MBA program at the Manderson Graduate School of Business in five years. … The University of Arizona’s Eller College of Management has established a Center for Leadership Ethics. … The Haas School of Business at the University of California-Berkeley is partnering with University of California Press Journals + Digital Publishing to publish the peer-reviewed journal California Management Review, beginning in November. The agreement is part of a university-wide effort to improve operational effectiveness. … The University of Edinburgh has launched a smartphone app for students. … The University of Michigan Ross School of Business has established the Ross School of Business India Initiatives. Faculty director M.S. Krishnan will help coordinate the school’s academic and research activities and alumni and corporate outreach across India. … Following a successful roll-out last year, Carlson Executive Education at the Carlson School of Management at the University of Minnesota is offering 10 scholarships of up to US$3,500 to Minnesota-based small businesses, nonprofit organizations, and entrepreneurs who best articulate how their organization could capitalize on acquiring new knowledge and skills. … The Wharton Customer Analytics Initiative, a research center at the Wharton School of the University of Pennsylvania, is offering a workshop for analytics professionals, “Probability Models for Customer-Base Analysis.” The two-day program runs next month at the Wharton San Francisco campus. … The University of Pittsburgh’s Joseph M. Katz Graduate School of Business has announced an online version of Management Essentials, its popular mini-MBA certificate program. The 11-week online program focuses on business ethics, financial accounting, marketing, leadership, and communication. … … The College of Business Administration at the University of Tennessee, Knoxville, has introduced a two-year, dual-degree master’s program for students who want to earn both an MBA and a master’s degree in business analytics. … The MBA Program at the University of Virginia Darden School of Business has been named a CFA Program Partner by the CFA Institute, the association that administers the Chartered Financial Analyst exam. … The Wake Forest University Schools of Business have started a Center for Value Delivery Innovation. The center’s goal is to use collaborations with manufacturing, retailers, and other partners to lead change in the retail industry.

In India, Alliance University has started an executive MBA for working professionals. … Anglia Ruskin University has doubled space for its business school by opening a £40 million building in Cambridge. … Drexel University Online has launched a Master of Science in Business Analytics degree. … The University of Stellenbosch Business School has announced a Postgraduate Diploma in Leadership program. … Elizabethtown College plans to start an MBA program through its center for continuing education, offering classes in Harrisburg and Lancaster, Pennsylvania. … Glyndŵr University has opened a London campus, the Glyndŵr London School of Management and Science. … Students joining a new undergraduate program at London School of Business and Finance will be guaranteed a graduate level, full-time position within six months of graduation. Believed to be the first degree program to offer such a guarantee in the UK, the program leads to an undergraduate BA degree, several stages towards a professional qualification, and a graduate development program to hone students’ interpersonal and professional skills. … Monmouth College in Illinois has unveiled the cornerstone for a US$40 million Center for Science and Business. … Touro University Worldwide has created an MBA course in Professional Communications. … Whistling Woods International, Asia’s largest film, television, and media arts school, has started a School of Media and Communication with an MBA program in Media & Entertainment management.

 

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