WELCOME TO CHICAGO BOOTH. EMBA Class of 2014 AXP 13

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1 WELCOME TO CHICAGO BOOTH EMBA Class of 2014 AXP 13 Robert Gertner Deputy Dean Joel F. Gemunder Professor of Strategy and Finance

2 Agenda ACADEMIC CULTURE CURRICULUM STANDARDS AND VALUES

3 Academic Culture

4 Ideas are our currency Creation and dissemination of knowledge is our business We focus on understanding the psychological, social, and economic forces that drive individuals, organizations, markets, and economies

5 CULTURE & VALUES We act on our belief that the clash of ideas produces light not heat

6 Research environment Our faculty are the world s experts on the disciplines that underlie business. They bring this deep thinking, intellectual engagement, and rich knowledge to the classroom. We provide the best possible environment for faculty to conduct research. Our research seminars are the envy of our peer institutions but you must be able to accept penetrating criticism as not being personal.

7 Booth Faculty Research: Nobel Winners and Candidates Becker: Human Capital Stigler: Regulatory Economics Fogel: Empirical Economic History Coase: Social Cost & Theory of the Firm Miller: Capital Structure Scholes: Option Pricing Fama: Empirical Asset Pricing Diamond: Theory of Bank Runs Murphy: Empirical Labor Economics Thaler: Behavioral Finance

8 Chicago Booth Faculty Research: Recent Bertrand & Morse: Payday Lending Dhar & Dube: Geography & Brand Shares Epley: Miscommunication & Closeness Gentzkow & Shapiro: Ideology & Competition in Newspapers Hsieh & Ossa: Spillovers & China s Productivity Growth Pastor & Veronesi: Policy Uncertainty & Stock Prices Taddy: Statistical Methods for Text Analysis Rajan: Theory of the Firm & Financial Markets Sufi: Mortgage Credit & the Crisis

9 EMBA Curriculum

10 Approach to Management Education Good business practices follow from good fundamental principles, not the latest fads Discipline-based knowledge is a powerful tool for understanding how organizations function, how people behave, and how markets work Empirical evidence is important for building discipline-based knowledge Good decisions follow from good analysis

11 Principles of the EMBA Curriculum Same degree as other programs Similar courses with equal depth Similar breadth of courses Deep disciplinary approach to foundations Functional areas taught from empirical base, theoretical foundations, and knowledge of practice Management and leadership curriculum customized for experienced executives Electives and concentrations choice and opportunities for depth

12 EMBA Course of Study Essentials of Effective Leadership Financial Accounting Microeconomics Statistics Competitive Strategy Corporate Finance for Executives Operations Macroeconomics Financial Strategy Marketing Strategy Mgr. Decision Making / Negotiations Electives Week Quantitative Marketing Global Economics (1/2) or GNVC Managerial Accounting (1/2) Strategic Leadership Technology Strategy (1/2) Organization Design (1/2) or GNVC Concentrations Week

13 Electives and Concentrations 2012 ELECTIVES (Concentrations) Advanced Negotiations Business, Politics, & Ethics Designing Strategy for a Global Firm (Strategy) Entrepreneurial Finance & Private Equity (Entrepreneurship / Finance) Governance (Strategy) Investments (Finance) Legal Infrastructure of Business (Strategy) Marketing Simulation (Marketing) Money & Banking New Product Development (Marketing) New Venture Strategy Development (Entrepreneurship / Strategy) Power & Influence

14 Grading Policy School-wide policy Letter grades (with +/-) Maximum GPA per course of 3.33 Minimum GPA of 2.33 to graduate Faculty are the ultimate grade authority

15 Our Academic and Professional Standards and Honor Code

16 Read the Handbook. Ignorance of rules is no excuse. Honor Code promotes honesty and integrity in all aspects of Booth Community. Individual faculty may have different rules for group work sharing, references, exams, etc.

17 Standards and Honor Code Respect Others & Be Nice All members of our community must be treated with respect, regardless of sex, race, cultural heritage, religion or sexual orientation. The Booth community is committed to building and sustaining an environment in which its members can freely work together, both inside and outside the classroom.

18 Standards and Honor Code Do Your Own Work Do not represent another s work as your own (on academic papers, projects, assignments, examinations,..) Sign the pledge on every examination, assignment, : I pledge my honor that I did not violate the professional standards and honor code in completing this

19 Learning Environment Each professor sets ground rules. If not sure or unclear, ask. Mutual obligations for maintaining best possible learning environment for all. Contribute constructively to learning. We have high expectations of ourselves and of each other.

20 Thank you Remember to take full advantage of your Chicago Booth experience!