Building a World-Class Business School Jim Jiambalvo Dean and Kirby L. Cramer Chair in Business Administration September 9, 2009
Overview of Business School Undergraduate program Full-Time MBA Evening MBA Technology Management MBA Executive MBA Global Executive MBA Ph.D. Program 2
Executive Education 3
Executive Education Pacific Rim Bankers Program Finance and Accounting For Non-financial Managers Global Strategy and Leadership Negotiation Skills Custom programs for Boeing, Weyerhaeuser, Hyundai Microsoft, Group Health, State Farm, Daiwa Securities, LG, Bank of China, etc. 4
Centers at the Foster School Global Business Center Business and Economic Development Center Center for Innovation and Entrepreneurship Center for Leadership and Strategic Thinking 5
Global Business Center Case competition Study tours Weekly speakers Conferences 6
Business and Economic Development Center Student consulting projects, focused on women and minority owned businesses, with mentors from the Seattle Rotary Minority business executive program with sponsorship of Boeing, Microsoft and Nordstrom Research conference on diversity Minority small business survey 7
Lavin Entrepreneurial Action Program Mission: To prepare students for a career path in entrepreneurship from the day they come to the UW Freshman and Sophomore Years Faces of Entrepreneurship Speaker Series Field Trips to early-stage and rapid-growth companies Junior and Senior Years Internship between your junior and senior years Entrepreneurship Curriculum (20 credits) Introduction to Entrepreneurship Choose one of two pathways: business creation and business growth Electives: Entrepreneurial Finance, Principles of Selling, Entrepreneurial Marketing, and Business Plan Practicum 8
Business Plan Competition In 10 years, 1,590 students have participated in the BPC, and 64 teams have received seed funding of $682K. More than 26% of competitors have started their companies. Experience, practice, visibility, and NETWORKING 9
Vision for the Foster School To be the best public business school in the U.S. Best is about creating futures and changing lives Essential to attract and retain companies and talent A survey of 8,000 alums found 2,400 Washington companies Founded creating 180,000 jobs and $50 billion in revenue. 10
Strategy for success Increase resources Superb facility More great faculty Great students Differentiate Communicate 11
Strategy for success Increase resources Raised $181 million in campaign ending June 31, 2008. 12
Strategy for success Increase resources More great faculty Hired 12 outstanding faculty members in last 3 years 13
Strategy for success Increase resources More great faculty Superb facility 14
PACCAR HALL A New Home for the Foster School 15
PACCAR HALLNew Home for the Foster School 16
Strategy for success Increase resources Superb facility More great faculty Great students Average GPA of undergraduates is 3.7 Average GMAT of MBAs is 680 17
Strategy for success Increase resources Superb facility More great faculty Great students Differentiate Leadership and Strategic Thinking 18
Strategy for success Increase resources Superb facility More great faculty Great students Differentiate Communicate Hired new executive director of marketing and directors of program strategy, PR, and Web 19
Foster School Concept #1 20
Marketing to other deans and assistant deans 21
Indicators that strategy is working US News Ranking 8 public and 21 overall (up from 13/34) Palmatier award for best marketing researh Soliman award for best accounting research Jain receives $35,000 PACCAR Teaching Award Avolio named a Fellow of the Academy of management and receives $700,000 of funding Students receive 10 first of second place awards in nationa and international case competitions. 22
Storm Clouds and Then Storm! State budget cuts of 26% Phase 2 building not yet approved Reduced payouts from endowment Challenges in executive programs and EMBA
Need to change the funding model? Can we continue to move ahead with state support in decline, reducing our ability to hire, provide scholarships, innovate, etc.?
Discussion, Questions and Comments? 25
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