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SMG Quarterly Staff Update

SMG Quarterly Staff Update

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SMG Quarterly Staff Update

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  1. SMG Quarterly Staff Update December 20, 2011

  2. Agenda 9:00 Welcome / Introduction of New Staff Members / SMG Strategy (Dean Ken Freeman)9:15Undergraduate Curriculum Process(Senior Associate Dean Karen Golden-Biddle, Professors Barbara Bickart, Jeff Furman) 10:00 AACSB Review (Director of Learning Assessment & Research, Steve Davidson)10:10 Alumni Relations(Director of Alumni Relations, Sarah Murray)10:30 Adjourn

  3. Introductions

  4. SMG Strategy Update

  5. MARKETS, PUBLIC POLICY, & LAW FINANCE ACCOUNTING MARKETING ORGANIZATIONAL BEHAVIOR STRATEGY & INNOVATION PUBLIC & NONPROFIT ENTREPRENEURSHIP INFORMATION SYSTEMS OPERATIONS & TECHNOLOGY MANAGEMENT

  6. School of Management 2011-2012 Focus • Create comprehensive research infrastructure • Develop academic departmental strategies • Expand faculty development efforts in research and teaching • Recruit additional faculty • Engage faculty in alumni and corporate activities • Foster world class career services • Improve student service processes • Pilot mentoring program • Expand and integrate experiential learning opportunities • Improve satisfaction measures • Develop revenue enhancement strategy • Establish Distinguished Speakers Series • Create technology enabled classrooms • Improve internal and external communication processes • Address space needs • Achieve fundraising goals • Establish curricular priorities • Create, approve, and begin implementation of curricular revisions • Integrate sector emphasis in research and teaching • Develop ethics/social responsibility and globalization initiatives • Refine executive education strategy • Increase frequency and variety of alumni events, including life long learning • Create young alumni programs • Revitalize Dean’s Advisory Board • Increase Class Gift and Annual Fund participation • Develop strategy for parent and corporate engagement Values: Integrity, Innovation, Collaboration, Accountability, Leadership, Respect Vision: Creating Value for the World Mission: We prepare innovative and ethical leaders who understand the impact of business on society and create value for the world. Our students comprehend organizational systems, the vital role of leadership, and the forces transforming the global economy. We generate scholarly knowledge and insights that advance management practice through our research, teaching and community engagement. Goals: Enhance Student Experience Broaden Faculty Contribution Develop Innovative Curriculum & Sector Presence Build Alumni Engagement Develop & Manage Resources Effectively Successful AACSB Accreditation Review

  7. School of Management 2011-2012 Focus • Create comprehensive research infrastructure • Develop academic departmental strategies • Expand faculty development efforts in research and teaching • Recruit additional faculty • Engage faculty in alumni and corporate activities • Foster world class career services • Improve student service processes • Pilot mentoring program • Expand and integrate experiential learning opportunities • Improve satisfaction measures • Develop revenue enhancement strategy • Establish Distinguished Speakers Series • Create technology enabled classrooms • Improve internal and external communication processes • Address space needs • Achieve fundraising goals • Establish curricular priorities • Create, approve, and begin implementation of curricular revisions • Integrate sector emphasis in research and teaching • Develop ethics/social responsibility and globalization initiatives • Refine executive education strategy • Increase frequency and variety of alumni events, including life long learning • Create young alumni programs • Revitalize Dean’s Advisory Board • Increase Class Gift and Annual Fund participation • Develop strategy for parent and corporate engagement Values: Integrity, Innovation, Collaboration, Accountability, Leadership, Respect Vision: Creating Value for the World Mission: We prepare innovative and ethical leaders who understand the impact of business on society and create value for the world. Our students comprehend organizational systems, the vital role of leadership, and the forces transforming the global economy. We generate scholarly knowledge and insights that advance management practice through our research, teaching and community engagement. Goals: Enhance Student Experience Broaden Faculty Contribution Develop Innovative Curriculum & Sector Presence Build Alumni Engagement Develop & Manage Resources Effectively Successful AACSB Accreditation Review

  8. Why revise the curriculum? • SMG Educational Mission • We prepare innovative and ethical leaders who understand the impact of business on society and create value for the world. • Implement SMG Strategy in Curriculum • Provide deep knowledge of disciplines, new opportunities to engage sectors, relevant global experience, and frameworks of ethical behavior and social responsibility

  9. Why revise the curriculum? • Address Benchmarking Gaps • SMG Rankings compared with aspirant schools: • 31stBusinessWeek: Gap at least two times worse than average top 10 schools in student and recruiter survey rank and almost four times worse in academic quality rank • Students need • to be better prepared for internships • flexibility to go deeper and/or broader and start earlier • Need more analysis/quantitative skills and excel modeling • Little or no ethics training • Weak IS course

  10. Curriculum Revision Process • 2011-2012: Task Force Proposal; Faculty Vote; Design Work • 2012-2013: Targeted Experimentation. Degree requirements remain the same. • 2013-2014: Full Rollout. Begin advising students on new curriculum.

  11. Key Areas of Attention • Freshman Course • Core • 2 Credit Classes • Experience and project-based learning • Pro-seminar Course

  12. Proposed Change: Freshman Course • “Managing in a global economy” ** • 4 courses, each two credits • Emphasis on: • Disciplinary knowledge; integrative thinking • Managers as actors in organizational and societal contexts • Dynamics of managing, e.g. risk, ethics (making hard choices), seeing issues globally • Sectors as forces transforming society

  13. Proposed Change: Freshman Course • Key Advantages • Strong link with SMG Strategy • Flexibility • Adjusts for changing world and changing students • Addresses task force charge: build on strengths of SM 121 – 122 while embracing future through engaging new insights, ideas and practices • Challenges/Issues to Monitor • Staffing - 4 (versus 2) courses • Moving away from content driven through lecture

  14. Proposed Change: Flexible Core • 2nd Semester of Sophomore or Junior Year • Restructured CORE curriculum • IS out of CORE • Analytics in CORE • Enable projects involving services & online products

  15. Proposed Change: Flexible Core • Key Advantages • Greater flexibility • Opportunity to take concentration courses earlier and more meaningful internships after 2nd & 3rd year • Enhances student analytic capabilities & excel aptitudes • Challenges/Issues to Monitor • Breaks up class – may result in unexpected dynamics • Postponing liberal arts classes runs counter to liberal arts educational component

  16. School of Management 2011-2012 Focus • Create comprehensive research infrastructure • Develop academic departmental strategies • Expand faculty development efforts in research and teaching • Recruit additional faculty • Engage faculty in alumni and corporate activities • Foster world class career services • Improve student service processes • Pilot mentoring program • Expand and integrate experiential learning opportunities • Improve satisfaction measures • Develop revenue enhancement strategy • Establish Distinguished Speakers Series • Create technology enabled classrooms • Improve internal and external communication processes • Address space needs • Achieve fundraising goals • Establish curricular priorities • Create, approve, and begin implementation of curricular revisions • Integrate sector emphasis in research and teaching • Develop ethics/social responsibility and globalization initiatives • Refine executive education strategy • Increase frequency and variety of alumni events, including life long learning • Create young alumni programs • Revitalize Dean’s Advisory Board • Increase Class Gift and Annual Fund participation • Develop strategy for parent and corporate engagement Values: Integrity, Innovation, Collaboration, Accountability, Leadership, Respect Vision: Creating Value for the World Mission: We prepare innovative and ethical leaders who understand the impact of business on society and create value for the world. Our students comprehend organizational systems, the vital role of leadership, and the forces transforming the global economy. We generate scholarly knowledge and insights that advance management practice through our research, teaching and community engagement. Goals: Enhance Student Experience Broaden Faculty Contribution Develop Innovative Curriculum & Sector Presence Build Alumni Engagement Develop & Manage Resources Effectively Successful AACSB Accreditation Review

  17. Who are they, and what do they do? • International Accreditor of Business Schools • 6 Year Cycle of Peer Review • Monday, February 20 – Wednesday, February 22, 2012 • The focus of the visit is the school’s Strategic Management process & progress towards achieving our mission • The team will seek to identify Strengths, Innovations, Effective Practices, Weaknesses, and Opportunities • Structured visit includes meetings with school leadership, faculty, students, staff, and external stakeholders

  18. Who will be here? John Kraft ( Team Chair ) Dean University of Florida Warrington College of Business Administration G. Anand Anandalingam Dean and Tyser Professor, Management Science University of Maryland Robert H. Smith School of Business Mark A. Zupan Dean and Professor of Economics and Public Policy University of Rochester William E. Simon Graduate School of Business

  19. What are the AACSB Standards? • AACSB Standards of Accreditation • Strategic Management • Participants • Assurance of Learning • Potential areas of focus for 2012 visit: • Curricular Innovation, Mission, & Strategic Vision • New Degrees: Mathematical Finance, PhD Program • Metropolitan College Business Related Programs • Process for Assessing Student Learning

  20. What is your role in this process? • The information you already provided has been essential • Be aware of additional requests for information, documentation, or referrals • Have an awareness of our mission & 2011-2012 focus document • Take note of the visit dates: 2/20 – 2/22 • Your commitment and dedication towards supporting our students and mission will be recognized by the team

  21. School of Management 2011-2012 Focus • Create comprehensive research infrastructure • Develop academic departmental strategies • Expand faculty development efforts in research and teaching • Recruit additional faculty • Engage faculty in alumni and corporate activities • Foster world class career services • Improve student service processes • Pilot mentoring program • Expand and integrate experiential learning opportunities • Improve satisfaction measures • Develop revenue enhancement strategy • Establish Distinguished Speakers Series • Create technology enabled classrooms • Improve internal and external communication processes • Address space needs • Achieve fundraising goals • Establish curricular priorities • Create, approve, and begin implementation of curricular revisions • Integrate sector emphasis in research and teaching • Develop ethics/social responsibility and globalization initiatives • Refine executive education strategy • Increase frequency and variety of alumni events, including life long learning • Create young alumni programs • Revitalize Dean’s Advisory Board • Increase Class Gift and Annual Fund participation • Develop strategy for parent and corporate engagement Values: Integrity, Innovation, Collaboration, Accountability, Leadership, Respect Vision: Creating Value for the World Mission: We prepare innovative and ethical leaders who understand the impact of business on society and create value for the world. Our students comprehend organizational systems, the vital role of leadership, and the forces transforming the global economy. We generate scholarly knowledge and insights that advance management practice through our research, teaching and community engagement. Goals: Enhance Student Experience Broaden Faculty Contribution Develop Innovative Curriculum & Sector Presence Build Alumni Engagement Develop & Manage Resources Effectively Successful AACSB Accreditation Review

  22. Alumni Relations Update

  23. Content with Camaraderie Parents Faculty/Staff Traditions Corporate Relations Stakeholders

  24. Examples of Strategy – SMG SMG - Finance Club with Boston based alumni SMG - Information Systems and Finance Club pilot mentoring project kicking off in spring 2012.

  25. Examples of Strategy – BU & SMG Corporate Partners AdmittedProspective Students

  26. Potential Collaborations AFFINITY • Real Estate • Health Care • Marketing • Operations • Entrepreneurship • Finance • Information Systems • Retail REGION • NE - Boston/New York City/ Washington • SE- Atlanta, Miami, Dallas • Southern CA – LA & Orange County • Northern CA – San Francisco & Bay Area • NW- Seattle, Portland • International locales – Asia, Europe, South America • PLATFORM • Monthly/quarterly Business Breakfasts • “Business of” Series • Club based events: Wall Street/Finance • Class focused functions • Lifelong Learning – Webinars, Online content • Alumni College - Board Development, Entrepreneur Boot camp

  27. Alumni Relations is a Team Sport

  28. Alumni Relations: City by City Boston – 20-30 events per year; NYC–8-10 events per year; Washington, D.C. –2-6 events per year; Southeast – 1-3 events per year; California – 2-6 events per year; Northwest–2-6 events per year; International – 3-5 events per year

  29. School of Management Centennial Themes - Under developmentSMG: The next 100 yearsSMG: Creating Value for the 21st century Timeline – January 2013 to September 2013 Website: www.bu.edu/smg100 Great opportunity for involvement

  30. Centennial Celebration Jan 2013 - The Next Century Conference History Gallery in Atrium Dean’s Symposia Global and Domestic Events Centennial Gala

  31. SMG Quarterly Staff Update December 20, 2011