The Carlson School at 90: Pursuing Our Commitment to Excellence Committee of Research Associate Deans Thursday, Octobe

1. The Carlson School at 90:Pursuing Our Commitment to Excellence Committee of Research Associate DeansThursday, October 15, 2009

2. 90 years… 1870 Idea for “College of Commerce” proposed by first U president, William Folwell 1919 U of M Business School accredited 1930 University Business Women’s Club founded 1935 MBA program introduced 1948 PhD in Business Admin approved 1963 Economics dept moves to CLA; School moves to Mgt/Econ bldg (Heller Hall) 1968 Prof. Gordon Davis seeds Management Information Systems as a field 1970s Name change to College of Business Administration 1986 Curt Carlson donates $18 million, name changed to Curtis L. Carlson School of Management 1990s Global Executive MBA Programs (granting U of M MBA degrees) established in Warsaw (1994), Vienna (1999) and Guangzhou (2001) 1998 Move to Carlson building 2008 Opening of Hanson Hall, new undergrad curriculum requiring an international experience

3. Strategic Goalsin Three Foundational AreasCSOM Strategic Plan 2008 under Dean Davis-Blake • Foundations for Academic Excellence • World-Class Faculty and Superlative Research and Teaching Infrastructure • Premier Undergraduate Program • Internationally Prominent and Recognized MBA Portfolio • Outstanding International Programs and Experiences • Vibrant Interdisciplinary Initiatives and Research Centers • Nationally Recognized Executive Education Offerings • Financial Foundation for Excellence • Diversified Revenue Streams • Operational Excellence • Effective Methods for Building Affinity and Engagement among all Stakeholders • Organizational Foundation for Excellence • Outstanding Staff • Mission Focused Governance with Appropriate Involvement of Faculty and Staff • Culture of Fairness, Respect, and Inclusion Facilitated by Transparent and Fair Processes and Outcomes and Consistent Communication

4. Programs and departments Six degree programs Undergraduate: Bachelor of Science in Business Graduate: MBA (Full-time, Part-time, Executive, International) PhD Specialty Masters: Human Resources and Industrial Relations, Business Taxation, Accounting Seven departments Accounting Human Resources and Industrial Relations Finance Information and Decision Sciences Marketing Operations & Management Sciences Strategic Management and Organization

5. CSOM Research Centers Two new interdisciplinary centers: • Medical Industry Leadership Institute (MILI) • Center for Integrative Leadership (CIL) (with the Humphrey Institute) • JuranCenter for Quality • Institute for Research in Marketing • Center for Human Resources and Labor Studies • MIS Research Center • Holmes Center for Entrepreneurship • Strategic Management Research Center • Accounting Research Center

6. What kinds of research do we do?An illustration from one department -- SMO Macro Micro Macro Vaaler S Zaheer Entre- preneurship Org Theory Strategy A Zaheer Singh Van de Ven Shaver Intl Mgmt Sapienza Zahra Marcus Maitland Ethics Zellmer-Bruhn Shah Albert Bowie Org Behavior Leroy Micro

7. Some of the journals we publish in Journal of Applied Psychology Journal of Finance Administrative Science Quarterly Strategic Management Journal Journal of Marketing Research Management Science Journal of Personality and Social Psychology Technometrics MIS Quarterly Nature Academy of Management Journal

8. What brings us together as scholars… • A fundamental interest in business and the firm as the unit of analysis, and how they shape and are shaped by the context • An interest in the drivers of innovation and entrepreneurship • An interest in incentives and motivation in organizations • A relational view of firms… networks, teams, alliances… • An interest in the temporal & spatial dynamics of firms…evolution, timing, location, clusters, internationalization • An interest in the economic AND social performance of firms… ethics, legitimacy, trust, the environment

9. Some of the ideas seeded/ developed at CSOM… The 4 P’s of marketing Innovation as a process Lean manufacturing The economic value of trust… Satiation and Consumption Optimal financing decisions Strategic networks Neuro-marketing Management Information Systems Stakeholder theory The liability of foreignness

10. Strategic Goalsin Three Foundational AreasCSOM Strategic Plan 2008 under Dean Davis-Blake • Foundations for Academic Excellence • World-Class Faculty and Superlative Research and Teaching Infrastructure • Premier Undergraduate Program • Internationally Prominent and Recognized MBA Portfolio • Outstanding International Programs and Experiences • Vibrant Interdisciplinary Initiatives and Research Centers • Nationally Recognized Executive Education Offerings • Financial Foundation for Excellence • Diversified Revenue Streams • Operational Excellence • Effective Methods for Building Affinity and Engagement among all Stakeholders • Organizational Foundation for Excellence • Outstanding Staff • Mission Focused Governance with Appropriate Involvement of Faculty and Staff • Culture of Fairness, Respect, and Inclusion Facilitated by Transparent and Fair Processes and Outcomes and Consistent Communication

11. Foundation for Academic Excellence: Investments in Research Infrastructure Substantial investments in faculty research support • Summer salary support for research active faculty • Dean’s small grants program • Agreement with College of Liberal Arts (CLA) for additional support Investment in research databases • Bloomberg, FACTSET, Compustat/CRSP Behavioral labs • Two new behavioral labs – both supplement 42 station computer lab in CLA • Subject pool

12. Foundation for Academic Excellence:Research productivity (Chronicle of Higher Education, 2007) • Columbia U • U of Pennsylvania • MIT • Northwestern • U of Iowa • U of Minnesota • U of Maryland • Cornell U • U of Florida • U of Texas at Austin

13. Academic Excellence: Research impact in management over 25 years (Journal of Management, 2008) Without HBR With HBR • Harvard U • U. of Pennsylvania • Stanford U. • U of Michigan • U of Illinois • Texas A&M • New York U • MIT • U of Minnesota • Columbia • U of Texas • UC Berkeley • U. of Pennsylvania • Stanford U. • U of Illinois • U of Michigan • Texas A&M • New York U • U of Minnesota • U of Texas • MIT • Columbia • UC Berkeley • Michigan State

14. Academic Excellence: Other recognition • 14 out of 104 faculty members are Editors or Associate Editors of major journals • Over 50% of faculty are on editorial boards of journals • Over 70% of faculty review for journals

15. Foundation for Academic Excellence: Growth in programs

16. Foundation for Academic Excellence: Quality -- Undergraduate Program

17. Foundation for Academic Excellence: Quality -- Undergraduate Programs

18. Academic Foundation for Excellence:The Carlson MBA – Full-time

19. Academic Foundation for Excellence:The Carlson MBA – Part-time

20. Academic Foundation for Excellence:The Carlson MBA

21. Foundations for Academic Excellence: Teaching Profile – the challenge Teaching Profile of Carlson Programs Percent of student credit hours taught, by program

22. Foundation for Academic Excellence: Community Outreach Business and consulting services to small firms/ entrepreneurs, non-profits and underserved populations • tax preparation • business plan preparation • pro-bono consulting in the functional areas of business such as marketing and operations First Tuesday Luncheons provide an opportunity for alumni and friends of the Carlson School to continue their management education Research Center conferences • HR Tomorrow • Brand Matters