The 10 most valuable business programs 2018 by The Knowledge Review

1726 Locust St, Philadelphia, PA 19103, USA www.curtis.edu

Editorial

‘‘ Business ProgramsPreparing Entrepreneurs for the Generation Next

famous Chinese proverb says, “The best time to plant a tree was 20 years ago. The second best time is now.” And all we know that, the early we start the earlier we can reach our desired destination. No matter what, education is the key to success. May be it in the process of a deal making, merger-acquisition, or a lecture session in the graduation ceremony, without knowledge and proper education, neither the speech caries worth nor it is credible enough. With the radical and massive change taking over the industry, the entire education system is undergoing a transformation process. The business schools are becoming now becoming more and more university-based autonomous institutions. In the United States of America, most of the schools and its valuable business programs are designed for the students at the Post-graduation level, hence, mostly all the business schools are autonomous. On the other hand, in Europe, the structure of business schools varies widely due to their foundational structure. What is more interesting in the world of education is the rise in double degree courses and diversification of curriculum. Integrated business studies and combined management study programs make students more efficient and knowledgeable, saving time and placing students in better positions in the world of business. While technology is taking over conventional methods in every sphere, it is also creating a huge impact in the education sector and learning process. Technological advancements are not only opening up the window to various new opportunities but also making education interesting. The influence of technological aspects like Augmented Reality, Virtual Classrooms, Online face-to-face learning programs, part-time or weekend courses are expanding the scope of higher studies for entrepreneurial enthusiasts. Though it can never be said that a degree school can make you a leading entrepreneur, but it can always be said that it will definitely lead you to a path which will connect the road to entrepreneurial success at some point of time. I believe the best way to spread the message of education and draw the line of conclusion of my views is quoting this line, “An investment in knowledge pays the best interest.” – Benjamin Franklin. T R

Rajarshi Chatterjee

People behind this Issue EDITOR-IN-CHIEF Pooja M. Bansal SENIOR EDITOR Jason Mendez MANAGING EDITOR Rajarshi Chatterjee ASSISTANT EDITORS Brian Smith Ashwini Deshmukh CONTRIBUTING WRITERS Ananda Das Nicola Sung VISUALISER David King ART & DESIGN DIRECTOR Amol Kamble CO-DESIGNER Alex Noel PICTURE EDITOR Poonam Mahajan ART EDITOR Sapana Shinde BUSINESS DEVELOPMENT MANAGER Helen Jones MARKETING MANAGER Steve Smith BUSINESS DEVELOPMENT EXECUTIVE Mary, Akansha, John, Sandra RESEARCH ANALYST Chidiebere Moses CIRCULATION MANAGER Robert DATABASE MANAGEMENT Stella Andrew TECHNOLOGY CONSULTANT Swapnil Patil

January, 2018 CORPORATE OFFICE 555 Metro Place North, Suite 100,Dublin, OH 43017, United States Contact No.: (614)-602-1754; (614)-472-4768 Email: info@theknowledgereview.com For Subscription: www.theknowledgereview.com

T H E

W E V I ESuccess G E RInnovation. N O W L E DEducation.

Copyright Â© 2018 Insights Success, All rights reserved. The content and images used in this magazine should not be reproduced or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without prior permission from Insights success. Reprint rights remain solely with Insights Success. The Knowledge Review is powered by Insights Success.

COVER STORY Samuel Curtis Johnson Graduate School of Management at Cornell University: Guiding Business Enthusiasts from Ambition to Impact

08 Educator’s Insights Business Schools in an Age of Entrepreneurship

Expert's Panel How can a startup benet from an MBA skillset?

Editor’s Pick

Things to Consider Before Pursuing MBA

Educator’s Zone Inception and Conception of the Future with Higher Education

Tech - Talk The Impact of Blended Learning on Education

C O N T E N T S Drucker School of Management:

Creating Business Leaders of Generation Next

Michael F. Price College of Business:

Preparing Global Business Leaders

MIT Sloan School of Management:

Building World Leaders by Nurturing Leadership Skills

University of Houston-Downtown: Celebrating the Multicultural Vibe of Houston and Creating Global Leaders for Tomorrow

T R

Valuable Business Programs, Guiding Budding Entrepreneurs to turn Ideas into Business “

person who sees a problem is a human being; a person who ﬁnds a solution is visionary; and the person who goes out and does something about it is an entrepreneur.” - Naveen Jain, a business pioneer.

By observing overall statistics and a lot of success stories of technology-oriented startups, it’s apparently supposed that a formal business education background can be overlooked. This debate of the millennium, favoring experience and sometimes education, has taken a rage over the globe for quite a while now. People are still in a dilemma thinking which is the better foundation for an entrepreneur to build on, a school of business or a school of hard knocks? What’s rather overlooked is the fact that the right educational background makes it easier to find solutions to certain kinds of challenges, while practical experience boosts your confidence on the effectiveness or limitations of certain solutions. Education gives you a broader outlook and equips you with theoretical as well as analytical knowledge. Truth is; a good business education gives you the foundation to launch yourself into an entrepreneurial career path. It’s rare for a company to be successful with only scientists and engineers. The vast maze of marketing, accounting, and sales can prove tricky to maneuver. A business education is the key to progressing towards the center of the maze. Empowering such catalysts for growth are some major B-schools providing top-ofthe-line business programs, featured in our special issue of “The 10 Most Valuable Business Programs 2018.” Business school has become the safe place to test out your most creative, outrageous and ambitious ideas. The right business program can teach you how to turn a good idea into a great business. On the Cover of the issue, we have Samuel Curtis Johnson Graduate School of Management at Cornell University: Guiding Business Enthusiasts from Ambition to Impact. It is a hallmark of Cornell Johnson Education and a prime institute of the Cornell University. It offers distinguishing business programs which guides the students to make a mark in the world of business. Along with such an extraordinary story about Samuel Curtis Johnson Graduate School of Management at Cornell University, we have enlisted some of the most contributing institutes in the world of business education including Drucker School of Management, Darla Moore School of Business, Haas School of Business, Johnson & Wales University-Charlotte, Michael F. Price College of Business, MIT Sloan School of Management, Mike Cottrell College of Business, Naveen Jindal School of Management, and University of Houston-Downtown. This edition comes with some amazing articles contributed by the renowned Educators of the Business education sector. To enrich your knowledge about business education and ignite the spirit of entrepreneurship, our in-house editors have crafted some masterfully written articles. So, flip through the pages and enjoy the journey of business education. Hope this edition will create a memory in your mind. T R

Samuel Curtis Johnson Graduate School of

Management at Cornell University: Guiding Business Enthusiasts from Ambition to Impact To foster the close-knit community that is the hallmark of a Cornell Johnson education, every incoming class is, by design, small and selective. This is how Johnson delivers its truly unique, rich, and dynamic educational experience.

ornell University was founded in 1865 and is often described as the first truly American university because of its founders’ revolutionarily, practical vision of higher education and dedication to the university’s land-grant mission of outreach and public service. The university motto, “I would found an institution where any person can find instruction in any study,” still rings true more than 150 years after its founding—Cornell, part of the Ivy League, opens its doors to students from all around the world who have access to thousands of courses. Seeds for a business school at Cornell, the Samuel Curtis Johnson Graduate School of Management, were first planted by university co-founder Ezra Cornell, who himself was a successful businessman—the founder of Western Union. After years of iterations, the school was officially created in 1941 and renamed as the Graduate School of Management in 1983. In 1984, the school became the Samuel Curtis Johnson Graduate School of Management in honor of S.C. Johnson & Son, Inc. founder Samuel Curtis Johnson, Sr. following his grandson’s family endowment gift of $20 million—the largest gift to any business school in the world at the time. Johnson leverages the extensive resources of one of the biggest Ivy League universities to deliver a robust, thoughtfully designed curriculum that is tailored to one’s individual interests and needs. As part of the largest Ivy League school, Cornell Johnson’s home is primarily in Sage Hall, which was originally built in 1875 as the university’s first women’s dormitory, allowing women to live on campus and complete their studies. Today, Sage Hall features a management library, a café, an atrium, classrooms, student and faculty lounges, and a parlor.

T R

“You will be surrounded by some of the best people in the world and come to love the community that Johnson stands for.”

Cornell Johnson bridges its long-standing main campus location with new facilities in the heart of Ithaca’s Collegetown at the new state-ofthe-art, 76,000-square-foot Breazzano Family Center for Business Education, and at Cornell Tech’s Roosevelt Island campus in New York City where MBA, engineering, law, and computer science students are partnering with the city’s tech giants and rising startups. To Succeed in Business, You have to Know More than just Business Today’s dynamic business world demands an MBA program that’s equally dynamic. Organizations must increasingly address complex challenges and opportunities that require leaders who have interdisciplinary insight as well as expertise beyond the business realm. The Samuel Curtis Johnson Graduate School of Management offers five other programs in addition to its flagship Two-Year MBA program in Ithaca, New York. Other programs include the One-Year MBA program in Ithaca; the Johnson Cornell Tech MBA program in New York City; the Executive MBA Metro NY program in Palisades, New York; the Executive MBA Americas program spanning across the Americas; and the Executive MBA/MS in Healthcare Leadership program in New York City in partnership with Weill Cornell Medicine. Cornell Johnson is part of the Cornell SC Johnson College of Business at Cornell University, which leverages Cornell’s three accredited business schools: Cornell Johnson, the School of Hotel Administration, and the Charles H. Dyson School of Applied Economics and Management. Formed in 2016, the Cornell SC Johnson College of Business combines the unique strengths of each of its schools to create unmatched learning, research, and entrepreneurial opportunities that are shaping the future of business. Served by one of the world’s largest business faculties at the only Ivy League university

with a land-grant mission, the college has an integrative focus on people, the planet, profitability, and technology. A Cornell Johnson MBA prepares graduates to realize their ambition and make an impact on business and on the world, providing remarkable range of opportunities. Distinguishing Cornerstones of their Flagship Program The Two-Year MBA program is designed with the understanding that students enter business school in different stages of their careers and with their own unique talents and ambitions. Cornell Johnson’s Two-Year MBA program has three distinguishing cornerstones; advanced business fundamentals; immersion learning; and highly flexible electives. Cornell Johnson places a strong emphasis on leadership. All of its leadership programs are designed to improve students’ ability to lead, build, and contribute to highperforming teams. The instruction that students receive, the feedback from professors and peers, and the one-on-one coaching that Cornell Johnson provides will accelerate leadership growth. Students incorporate their lessons into practical actions and test their skills by taking on chief roles in the school’s professional clubs, leading team expeditions and product challenges, serving on local non-profit boards, and participating in annual events like the Leadership Crisis Challenge.

Words of Trust Impact and Service “As I started my second year, hurricanes Harvey and Irma caused major destruction to the United States, U.S. Virgin Islands, and the Caribbean. When our fellow students’ friends and families achieve and excel”; the Stephen were affected, Johnson stepped upand to help them Russell’61. She’s been also honored recover from these disasters. As part of the with the Distinguished Teaching Community Impact Club board, we immediately Award, given by the Johnson 5th organized a hurricane drive to helpmember the people Reunionfund Class to a faculty in the affected regions to rebuild their lives. “whose start teaching and example have In one week, allcontinued the first years and second years to influence graduates five came together in the into midst of post-MBA all their intense years their careers.” coursework to plan and execute this event.” SheTwo-Year believes that when’18 students leave — Mani Selvam, MBA the class, they should feel as if they have been given “a bag of magic Career Management and Recruitment

beans.” When one takes up a course from a practitioner, theManagement knowledge (as “The professional clubs and Career opposed to a course taught by a Center’s structured programs for recruitment were research scholar) is very practical with all instrumental in my landing my internship. eﬀective tools that one can apply right Knowing that everyone was working extra hard to away, delivering immediate results.

help me achieve success was very inspiring.” — Bright Botchway, Two-Year MBA ’18 of Prof. Mish is an honors graduate

Cornell University and Cornell Law

Additionally, Cornell Johnson’s main campus in Ithaca, NY, regularly collaborates with the Cornell Tech campus in New York City. Ithaca-based students have the opportunity to take weekend or semester-long classes at Cornell Tech on topics such as digital marketing and ﬁntech. Immensely Collaborative Learning Environment Cornell Johnson students are smart, driven, and passionate about their work. Together with the school’s faculty and staﬀ, students are part of a collaborative and supportive community within Cornell University—and have access to all the rich and diverse resources that come with attending an Ivy League university with campuses in Ithaca and New York City.

CommunitySchool, Reﬂection is admitted to practice law in New York and before the U.S. Supreme Court, runsof herthe own “You will be surrounded by some best consulting ﬁrm through people in the world and come to love which the she and advises companies and community thattrains Johnson stands for. Few people senior executives on a range of are lucky enough to be a part of a tight-knit relations community likeleadership Johnson, and andemployee international or not, topics, and serves as a keynote speaker you will be well taken care of. This will be your and workshop leader at regional, home for the next two years and these people will national and global conferences. become your family.” —Chandni Prasad, Two-Year MBACommunity ’19 Fostering an Inclusive Cornell Johnson’s many traditions tie

Ithaca and Outdoor Experiences students together through shared

experiences and memories. Some, such The institution works hard to create a supportive environment that welcomes people from all walks of life. The Johnson community—and the greater Cornell community—comprises scholars from across the United States and around the world. As a result, students, faculty, and staﬀ have many opportunities to participate in activities and clubs that foster an environment that celebrates diversity.

as outdoor and team-I was “When I was applying to leadership business schools, include MBA only applying tobuilding schoolsactivities, which were in small frominacross all three towns. I would students be moving with my wifeofand residential baby, and I wasJohnson’s looking for a place programs—the that was Two-Year, One-Year, and Johnson family-friendly, inspired me to study, and had Cornell Tech MBA programs. Students plenty of outdoor activities.” get to know each other at Sage Socials, —Marcelo de la Two-Year theGarza weeklyGossler, receptions held every MBA ’18

industry—startups, small businesses, and well-known corporations—and learning about what’s going on in the markets and unique business trends.

Cornell Johnson is committed to building a community that reflects the diversity of modern business. To this end, the school actively recruits students, faculty, and staff from all areas around the globe and partners closely with Global Cornell and other administrative offices at the university to ensure that international applicants can safely pursue their dreams of earning a Cornell MBA. The majority of Cornell Johnson students enter the workplace within three months of graduation, and their average starting salaries rank among the top of MBA programs. MBA graduates excel in careers across a broad range of industries and functions, such as investment banking,

consulting, leadership rotation programs, marketing, high-tech product management, and sustainability. The Career Management Center’s integrated programming immerses MBA candidates in a series of initiatives that help them develop and drive their career plan. These initiatives include functionally aligned workshops and programs that introduce them to ideas and trends in various industries, semester-long immersion tracks that give them real-world business experiences, and one-on-one career counseling from experts and professionals. Cornell Johnson also organizes study-trips, wherein students are immersed in culture, closely examining

An Educator and Practitioner Continually Recognized by Students Risa Mish is a Professor of the Practice of Management at Cornell University’s Samuel Curtis Johnson Graduate School of Management, where she teaches courses in team leadership and critical and strategic thinking, and serves as Faculty Co-Director of the Johnson Leadership Fellows program. Prof. Mish has been continually recognized by students and colleagues for outstanding teaching and leadership. She is the winner of the ‘Apple Teaching Award’, bestowed by the MBA graduating class to honor a faculty member who exempliﬁes “outstanding leadership and enduring educational excellence,” and the Executive MBA Globe Award for Teaching Excellence, given to a faculty member by the executive MBA graduating class on the basis of “enduring educational inﬂuence in motivating students to achieve and excel”, She has been also honored with the Stephen Russell ’60, MBA ’61

“Knowing that everyone was working extra hard to help me achieve success was very inspiring.” Distinguished Teaching Award, given by the Johnson 5th Reunion Class to a faculty member “whose teaching and example have continued to influence graduates five years into their post-MBA careers.” She believes in the importance of practical education led by instructors who have found industry success. Students who take classes with experienced practitioners have the opportunity to gain effective tools that can be applied right away, delivering immediate results. Prof. Mish is a graduate of Cornell University and Cornell Law School and was previously a partner in a New York City law firm where she represented clients on a wide range of labor and employment law matters. Prof. Mish also runs her own consulting firm through which she trains and advises companies and senior executives on a range of leadership and employee relations topics, and she often serves as a keynote speaker and workshop leader at regional, national and global conferences. Fostering an Inclusive Community Cornell Johnson’s many traditions tie students together through shared experiences and memories. Some, such as outdoor leadership and team-building activities, include MBA students from across all three of Johnson’s residential programs—the Two-Year, One-Year, and Johnson Cornell Tech MBA programs. Students get to know each other at Sage Socials, the weekly receptions held every Thursday afternoon in the atrium of Sage Hall, and at annual events like Diwali Night, Carnaval Latino!, and the Frozen Assets vs. Faculty hockey game, where Johnson’s women’s ice hockey team battles it out on the ice in a friendly match against faculty and staff. Cornell Johnson has more than 70 residential student clubs, including—among many others—the Asia Business Association, the Black Graduate Business Association, Big Red Consulting, Big Red Venture Fund, Community Impact, Cookin’ the Books cooking club, Energy Club, Healthcare Club, Latin American Business Association, Student Council, and Women’s Management Council. Students at Cornell Johnson are part of an inclusive environment in which strong personal and professional ties are formed and developed. Through Johnson’s close-knit, highly energetic, collaborative community, students forge lifelong connections with classmates and professors in Ithaca and in New York City.

Risa Mish Professor of The Practice of Management

“Few people are lucky enough to be a part of a tight-knit community like Johnson, and international or not, you will be well taken care of.”

READ IT FIRST SUBSCRIBE TO SUCCESS GLOBAL SUBSCRIPTION 1 Year.......... (12 Issues) .... $250.00

6 Months ..... (06 Issues) ..... $130.00

3 Months ... (03 Issues) ....

1 Month ...... (01 Issue) .....

$70.00

$25.00

Date :

Name : Address :

Telephone : Email :

City :

State :

Zip :

Country :

Check should be drawn in favor of : INSIGHTS SUCCESS MEDIA TECH LLC

T H E

CORPORATE OFFICE

N O W L E DEducation. G E RInnovation. E V I ESuccess W

The Knowledge Review 555 Metro Place North, Suite 100, Dublin, OH 43017,United States Contact No.: (614)-602-1754; (614)-472-4768 Email: info@theknowledgereview.com For Subscription: Visit www.theknowledgereview.com

T R

Name of the Institution

URL

Darla Moore School of Business

moore.sc.edu

1014 Greene St, Columbia, SC 29208, USA

Drucker School of Management

drucker.cgu.edu

1021 N.Â Dartmouth AveÂ . Claremont, CA 91711, USA

Haas School of Business

haas.berkeley.edu/

2220 Piedmont Ave, Berkeley, CA 94720, USA

Johnson & Wales University-Charlotte

jwu.edu/charlotte/

801 W Trade St, Charlotte, NC 28202, USA

Michael F. Price College of Business

price.ou.edu

307 West Brooks, Norman, OK 73019-4004

Mike Cottrell College of Business

ung.edu/mike-cottrellcollege-of-business/

82 College Cir, Dahlonega, GA 30597, USA

MIT Sloan School of Management

mitsloan.mit.edu

30 Memorial Dr, Cambridge, MA 02142, USA

Naveen Jindal School of Management

jindal.utdallas.edu/

800 W Campbell Rd, Richardson, TX 75080, USA

Samuel Curtis Johnson Graduate School of Management at Cornell University

johnson.cornell.edu

University of HoustonDowntown

uhd.edu

Location of the Institution

Sage Hall, 106 East Ave, Ithaca, NY 14853, USA One Main St., Houston, TX 77002, USA

JANUARY 2018

Jenny Darroch, the Henry Y. Hwang Dean of the Drucker School of T R Management and Professor of Innovation, Entrepreneurship & Marketing, has served the school as a faculty member since 2004 and has been a key personality for playing a leading role in the school. As the MBA academic director, Darroch led a review of the MBA curriculum that resulted in a renewed orientation toward the Practice of Management and Management as a Liberal Art—a hallmark of Peter Drucke’s management philosophy. Most interestingly, Darroch also holds the distinction of serving as the first female dean of the school. Since taking the deanship, she has committed herself to building out the Drucker School’s strategic focus on creative industries, developing new opportunities, and exploring new applications for Peter Drucker’s timeless principles in the shifting management landscape; from the new Downtown Los Angeles expansion to the Claremont Game Lab, a new initiative to train students in the creation of video games under the mentorship of executives from Pokémon and other leading companies, to the Global Family Business & Transformative Innovation Center.

Jenny Darroch Dean

Words of Trust When do you get the opportunity to sit with a CEO in a casual environment and ask him, “How can you, as an MBA student looking back, give me advice?” and him to answer sincerely in an intimate environment. You just wouldn’t get that on your own.” -James Grant, MBA program “…Interacting with all my classmates and learning more about them and building a bond with them—for me that was very special because I didn’t want to just come to grad school to get knowledge. I wanted to build lifelong relationships.” -Elias Enciso, MBA program (Part-time)

T R T R

JANUARY 2018

The Michael F. Price College of Business ensures the enduring global competitiveness of Oklahoma and the nation.

Fulﬁlling the Purpose of Price The Purpose of Price is achieved by Tackling Big Issues, Generating Business Insights and Preparing Leaders.

Tackling Big Issues like energy, healthcare, education, entrepreneurship and globalization, Price College provides targeted programs for each. For example, Energy Management studies are offered through The Energy Institute and include the Robert M. Zinke Energy Management Program for undergraduate students, Executive MBA in Energy for energy professionals with 8+ years of experience, and Full-time and Professional MBA Programs with an energy certificate. The college also offers an Energy Executive Management Program, which is a week-long “boot camp” designed for professionals with technical degrees looking to advance their career with basic skills in management, accounting and finance.

stablished in 1928, the Michael F. Price College of Business at the University of Oklahoma (OU) is a business school in Norman, US, located in the center of the state and about 20 miles south of Oklahoma City. Anchored at the intersection of the state’s thriving energy and ﬁnancial sectors, the most popular majors at Price College are accounting, ﬁnance, energy management, entrepreneurship, international business, marketing and supply chain management, and general management. The prestigious Adams Hall and Price Hall on the University’s main campus house the majority of Price College’s

undergraduate programs. The college’s Tom Love Entrepreneurship and Economic Development Division houses most of its programs at the Tom Love Innovation Hub, a 25,000 sq. ft. facility that includes a virtual reality lab, fabrication lab, workout facility, café, collaboration rooms and oﬃces. At the college’s Gene Rainbolt Graduate School of Business in Oklahoma City, all MBA students participate in business consulting projects and externships, and all fulltime students are required to study abroad before earning their degree. Whether undergraduate or graduate, students work arm-in-arm with faculty, companies and startups to tackle the biggest business issues facing the world today.

JANUARY 2018

About the Diligent Dean

T R

Daniel W. Pullin was appointed Dean and Fred E. Brown Chair of the Michael F. Price College of Business after serving as interim dean for over a year. As an alumnus of the Price College of Business, Pullin has completely transformed the college since his appointment in 2014. The Association to Advance Collegiate Schools of Business (AACSB International) honored Price College with a 2016 “Innovations that Inspire” Award for this transformation. Pullin serves as an executive officer of the University of Oklahoma in the role of vice president and teaches each semester in Price College where he received the OU Foundation Alumni Teaching Award in 2007, 2008 and 2009 consecutively. Daniel W. Pullin Dean and Fred E. Brown Chair

Pullin, a licensed attorney, earned undergraduate degrees in accounting, finance and a juris doctorate from OU, and an MBA from Harvard Business School.

Words of Trust Along with that, Healthcare is being addressed through the college’s new Center for the Business of Healthcare. The College’s Tom Love Division of Entrepreneurship and Economic Development positions Price College as an economic engine for the state and beyond. The College’s expanding Globalization efforts include 40% of undergraduate and 100% of full-time MBA students study abroad before graduation. The College takes enormous efforts to Generate Business Insights that benefit the private sector through a growing faculty and research productivity. Price College believes in Preparing Business Leaders through extra-curricular and co-curricular activities required for all business majors. These activities improve business ethics, communication skills, and professional development to nurture the next generation of business leaders. Connecting Industry Under the Price Passport to Success (PPS) program, students earn milestone points toward graduation by participating in curricular, co-curricular, and extra-curricular activities at the Price College of Business.

“I was drawn to the Price College of Business for the many reasons I was drawn to Oklahoma in general. I asked some of my classmates to share adjectives they would use to describe the new Gene Rainbolt Graduate School of Business facility in Oklahoma City, and a few of the words they mentioned were: modern, convenient, professional, collaborative, and connected. I am a firm believer that education is the path to continued economic growth, and I can attest to the beneficial influence that the University of Oklahoma’s MBA program has, and will continue to have, on such economic growth.” __Cat Hyland Dual MBA and MS in Management of Information Technology Candidate

“Being a part of the Price College of Business has been one of the best experiences of my college career. If someone asked me if they should consider joining the Price family, I’d tell them we have the best faculty and staff who are committed to seeing their students succeed in coursework and their professional careers. In addition, the resources and student groups in Price really support student learning and professional development. Everyone in the college is rooting for you and your success, and that’s a great feeling to rally behind.” __Kennedy Ambrose

Undergraduate Business Senior, Management Information Systems and Supply Chain Management Major

The Distinguished Speaker Series and the E. Deane Kanaly Lecture Series invite dozens of high-proﬁle speakers to campus every year. Price College’s Energy Institute hosts the Energy Symposium every year that attracts hundreds of energy professionals and inﬂuences the most important topics of the time. The Division of Finance hosts the bi-annual Energy and Commodities Finance Research Conference that brings researchers from all over the world to discuss cutting-edge research. The Sooner Innovation Fund is a 10-week proof of concept program designed to help OU students test the feasibility and marketability of their ideas, products, and services. The College invites technological innovators, product creators, social pioneers, and creative “artrepreneurs” to explore the possibility of turning their ideas into market disrupting products and services. T R JANUARY 2018

T R

Editor’s Pick

hoosing the right school and program is one of the biggest and toughest decision one must make before enrolling for an MBA program. This is a great chance to enhance the career prospect, which will eventually help to build a better future. With so many programs available to choose from, are you thinking to enroll for an MBA degree? Think again! Are you sure you are not intimidated by your classmates? Already confused? Don’t worry, when we are here with some points that will help you to understand if MBA is really your cup of tea.

the experience in the areas where you are not so familiar as they are normally more excited to share their knowledge with you.

Make sure that You Aren’t Intimidated by Your Friends who are pursuing or thinking of pursuing MBA. It is quite natural to be impressed when you see your friends are pursuing MBA from a University, where they are always surrounded by Olympic medalists, business tycoons, karate champions, actors, or even by political leaders. However, one should always learn from a group of people who have

Most of the students, who are thinking of pursuing an MBA degree, often get confused while choosing between FullTime MBA or Part-Time MBA program. When it comes to a full-time MBA program it is normally spread over two academic years and four semesters, while you will get a break of three to four months for an internship. During the ﬁrst year of the program, you will learn all the core subjects

According to the human nature, you always tend to be attracted towards people just like you. However, as the business school provides you the opportunity to interact with students from a diﬀerent background, culture and countries, you will be enriched if you make an eﬀort to step outside your comfort zone and interact with them.

JANUARY 2018

Things to Consider Before Pursuing

MBA

and during the second year you will have to choose your specialization and you will have to study accordingly. When it comes to full-time MBA program it's quite tough to work and study as the business school is the top priority. On the other hand, part-time MBA program is specifically designed for working professionals. Most of the time students who are pursuing a part-time course work during daytime and attend the business school at night. Another confusing part is to choose between a Regular MBA or an Executive MBA. EMBA programs are specifically designed to enhance the career of working executives, most of whom are sponsored by their respective companies. Mostly specialists in a field or industry who need to brush up their management skills to climb the corporate ladder choose these courses. As participants are working full time, students don’t require to work as an intern during the study. As a prospective student, you need to know the Ranking of a business school. MBA rankings from top publications are a great way to know about a school’s reputation, alumni feedback, increase in salary and value. However, there’s a catch, sometimes the methodologies used in these rankings are completely different and quite a few times they are not based on latest data as many-a-times, the MBA schools share old data.

least one accreditation. AACSB, AMBA, and EQUIS are the seals of approval and it proves that a business school has fulﬁlled all the demands by accrediting bodies. Additionally, most of the recruiters prefer a business school with accreditation over a business school which lacks any accreditation. Age Celling of an MBA Applicant Most of the MBA schools don’t have an age ceiling regarding their applications. However, you should have a close look at the nature of the course you are thinking to pursue as there might be some courses which can be simply inadequate for you. There’s a no better way than speaking to the Pass outs of the program you are planning to take admission, which helps to know the growth trajectory, relevance of the program and other details. In the age of social networks, it’s not tough to ﬁnd a pass-out student that eventually helps to get an instant review. So, here are some pointers, that will help you to choose the right business school for you. Just keep these points in mind while searching for an MBA college or course; it will help you to a great extent. So why wait? Start searching the school before it's too late. T R

Accreditation needs to be checked before enrolling for an MBA program. Always check for business schools with at

JANUARY 2018

1000 Galvin Road South Bellevue, Nebraska 68005 www.bellevue.edu

Authored by: Ken Szymusiak Managing Director, Burgess Institute for Entrepreneurship & Innovation at the Eli Broad College of Business, Michigan State University

BUSINESS SCHOOLS in an Age of

ENTREPRENEURSHIP 26

JANUARY 2018

Educator’s Insights

ong gone are the days when business schools designed curriculum to speciﬁc business tracks or traditional learning models, taught solely in a lecture format, or tested only from a textbook. From accounting to supply chain management, industries and businesses as we once knew them are changing, and so are the ways in which we prepare tomorrow’s business leaders. New professions and job titles emerge each and every day – which were unheard of just one decade ago. This transformative shift requires business schools to fulﬁll students’ insatiable need to create, innovate, ideate, and even disrupt. Regardless of whether a student goes on to work for an established company or launches an independent venture, global businesses of today require employees to master a sharper set of entrepreneurial skills to stay ahead of the rapid changes happening in global economies. To thrive in this entrepreneurial era, business schools need to position students to learn from thinkers of the past, build on their passions, and engage with diverse communities surrounding them today. At top business schools, from day one, students have countless academic paths to follow that tap into their entrepreneurial mindset. A prestigious Business school, Michigan State University’s Broad College of Business, has a rich history of innovation and entrepreneurship that is seen through their curriculum, how they encourage students to follow a creative process, and how they engage in the communities (not just business

JANUARY 2018

communities) around them. This last factor – engagement – is what really diﬀerentiates the entrepreneurialminded student from others. From undergraduates to MBAs, business schools promote experiential learning through innovative curriculum to push students outside of traditional business education and into this entrepreneurial mindset. For some Business Schools, this includes hands-on curricular experiences, oftentimes with live cases and entrepreneurial experimentation that enable students to understand and analyze the breadth of today’s business problems. Doing so, students quickly learn how to be resourceful and strategic, and how to analyze goals of a business alongside their own ideas. This mindset is critical for all students as they make their way into the workforce and are pushed to understand complexities and issues of ever-changing industries. In the classroom, students also meet successful and budding entrepreneurs who provide perspectives as to how powerful this mindset is in today’s global economy and how quickly the environment is changing. Business schools must also provide students with opportunities to put their ideas into motion, implement what they learn in the classroom, and ﬁnd their own creative process. No business professional or entrepreneur has found success without mistakes and missteps, so students need to learn how to: take initiative, plan productively, develop their own models, and rebound from failure. Hands-on, real-time opportunities allow students to overcome fears, and empower them to try new things. Oftentimes, we see how failure and

frustration motivate students to take completely new approaches to problem-solving; later in their careers. This is what drives them to become disruptors. Business Schools should introduce competitions that would avail students with all kinds of opportunities and opens doors to take their ideas to market. It should also encourage their students to apply, attend and pitch at their startup ventures, at renowned startup events like SXSW Interactive in Austin. When business schools have opportunities to see the creative process of others, it only stimulates their own. Lastly, business schools must engage the communities that matter to their students. This does not mean that they should ever shy away from their established corporate partners, or disengage from companies that have invested time and resources into their business college. Rather, Business Schools should find new ways to position their students as thinkers and doers, unafraid to experiment and in finding their own creative processes to deliver value. It also means that every Business school must have a footprint in the startup community globally, and establish relationships to connect their entrepreneurial students with the resources (including employment) that they are searching for. There is no longer a single path to success when it comes to business students and their careers. There is no single way to teach them and more than ever, business schools are embracing nontraditional ways of making business happen. The entrepreneurial era allows them to find their own path; our job as business schools is to give them the tools to pave it. T R

JANUARY 2018

Assessing the Machine Age

T R

Erik Brynjolfsson is the Schussel Family Professor of Management Science at MIT Sloan and director of MIT’s Initiative on the Digital Economy, which explores how people and businesses will work, interact, and prosper in an era of profound digital transformation. He is the co-author of the best-selling book, The Second Machine Age: Work, Progress and Prosperity in a Time of Brilliant Technologies, and its sequel, Machine, Platform, Crowd: Harnessing Our Digital Future.

Erik Brynjolfsson Professor of Management Science

Prof. Brynjolfsson co-founded the annual Inclusive Innovation Challenge, which, to date, has awarded over $2 million to 40 organizations that are using technology to create shared prosperity by reinventing the future of work.

Words of Trust Community Reflection, and Career Management “MIT has provided me with numerous, exciting campus events, and a network. I am pursuing MIT Sloan’s sustainability certificate, which has led me to lunchtime talks featuring the head of innovation at AB InBev; a venture capitalist with major investments in several plant-based meat startups; and the head of innovation at a local agricultural technology startup that raised over $200 million. And I’ve been able to channel this interest into a role on the team leading the Rabobank Food and Agricultural Innovation prize, as well as an internship at a local agricultural tech company.” __Emily Ullmann, MBA ‘19 “At MIT Sloan I have found repeated opportunities to challenge myself both inside and outside the classroom. Serving as one of the student co-leads for the annual MIT Sloan Sports Analytics Conference has been the ultimate hands-on leadership experience. With 3,000plus attendees and some of the biggest names in sports, entertainment, and technology slated to attend this year alone, the chance to be a part of this uniquely Sloan tradition is something that will always be a source of pride.” __Sean Singer, MBA ‘18

T R

JANUARY 2018

T R

Educatorâ&#x20AC;&#x2122;s Zone

JANUARY 2018

ver the past two decades, an increasing number of universities and students, and aspiring higher education platforms have expanded to its largest responsibility to meet the demands of expertise employers and higher-skilled workers that are changing the global economy. This educational process provides a pathway to social mobility for millions of individuals and impels in the development for the future of universities, students and society. Previously, the educational academies were established free from the direct control of the church or other religious institutions, a privilege granted by the king or the state. Though, religious studies and clergy training were the main focus in the earliest centers of education, this privilege was allowed for academic freedom to question, research and advance their knowledge. But the evolution of universities replaced these secular institutions as monasteries and slowly started to decline and lost their monopoly on higher education. On the other hand, liberalization and manufacturing industries also experienced a marvelous growth in the global economy. Thus, the development of education on the right lines and more than the basic elementary education became an important agenda for many nations. They understood higher education can serve as the basic factor to sustain development and the unceasing of employment. The revolution brought increasing number of completing the degrees from these universities and expected to increase around the world. Education spreads value, culture, knowledge and above all, it gives people an opportunity for employment. Recent reports suggests government has also showed interest in making higher education accessible and affordable to their citizens by investing in new fund models developed in various countries and states. Introducing scholarships and bursaries on the basis of primary education accessed quality and eligible students to accommodate in the colleges. This helps to explore the value of higher education and provide social and economic benefit with measured return by taxpayers, and policy makers. Improvement in Higher Education for Development Universities and academics are the foundation of education, the initiatives are to promote education and raise the skill level of their youth. It offers learners from all backgrounds with an opportunity to study, progress and harness their talents. They engage in introducing new ways and forms of teaching and learning impact with on-field experiences. The development of higher education is expanding rapidly and it proposes new ways of looking at the era of education. The new trends and disruptive technological demands provide the need for a degree program according to the specialization subject of a choice in the course. When a student belongs to an academic department or a faculty, they are provided with guidance, supervision and numerous resources to support their studies. Whether the students are taking up a taught course or have newly enrolled for a JANUARY 2018

research degree, they are guided and advised by an academic supervisor throughout the course. These graduate programs emphasize learning, creativity, an array of resources for their course work, independent research and scholarship. The universities offer both matriculated and nonmatriculated courses with stand-alone or combined courses. This flexibility allows offering in the form of learning opportunities, to an increasingly diverse range of students or busy professionals who want to expand their knowledge and skills at a postgraduate level without the time commitment of a full course. They empower their students to discover their interests and pursue their passions while studying at the campus or far from it. The dissemination of specialized knowledge is promoting the study of offbeat courses in musical instruments, cooking, home-designing, tea tasting, cartography, puppetry, art restoration, anthropology, etc. These programs are associated with support of each scholarship holder along with their journey and facility job placement. Even, the universities are introducing trial programs where the desirable students can be a part of the newly introduced courses for a short span to understand the value of it. Conferences and events that bring together universities and businesses promoting such courses, enables students to get information and flesh out their professional plans too. Also, the internships at the subsidiaries are offered to the students to give them practical experience and allow them to get to know the company and the functioning. In recent times, the universities are making a huge difference by offering in-campus student services for their well-being and personal development. Services such as career counseling, campus healthcare, networking training and events, student counselors, language center, gymnasium and study training and workshops are attracting more students and also raising the rank of the university. The Future of Higher Education is constantly moving to achieve a target Finding new ways to teach the digital generation with efforts and investment in Technology, making academic curricula more multi-disciplinary, sustainability of student recruitment and retention, bringing down the cost of a college education and ensuring more students graduate are the biggest challenges for tomorrow. Also, the educational leaders are trying to strategize the shift from books, posters, hard copies documents to digital learning. The traditional classroom experience, with technology, enables innovative and creative educational opportunities across campus and around the world, anytime and anywhere. Recent research shows online education is strongly represented in the institutions for long-term and at the same time distance education has been growing at a faster rate from the past years. Technology has impacted almost every aspect of life today, and education is no exception. T R

www.calvary.edu

816-322-0110 Calvary University, 15800 Calvary Road, Kansas City, MO 64147

CA L I F O R N I A S T A T E U N I V E RS I T Y N O RT H R I DG E

How can a startup benet

from an MBA skillset? “Startup founders are multi-faceted. The C-suite functions of an established firm are part of a founder’s single office. Chief Executive Officer? Check. Chief Financial Officer? Certainly. Chief Operating Officer? Yes. Chief Marketing Officer? Absolutely. Thankfully, MBA programs are designed for depth of expertise in all areas of business. The match-up is evident. Moreover, despite the examples of young 20-somethings founding successful tech-based startups, individuals with extensive work experience most often undertake entrepreneurship in all sectors. MBA programs have more relevance and meaning following work experience. Thus, MBA programs offer the multi-faceted skillset consistent with the experienced founder’s responsibility and accountability.” __Tracy A. Suter, Ph.D., David & Leslie Lawson Chair in Entrepreneurial Studies, Collins College of Business, The University of Tulsa

“Almost all MBA programs are designed for students who do not have an undergraduate business degree. Further, students are expected have work experience before they attend a program. With this in mind, those students who graduate from an MBA program and start a business will have a great combination of an education in another area (arts and humanities, engineering, sciences) that is combined with the competencies gained in an MBA program - both discipline based (marketing, finance, strategy, entrepreneurship, leadership) as well as specific skills - communication, decision-making, business model development, negotiation, social media, networking, cash flow analysis and others. At Babson, we combine these basic MBA skills with a required class on entrepreneurial thought and action - how to identify or create opportunities, how to acquire the resources, and how to build the team and create something of economic and social value.” __Kerry Healey, President, Babson College

JANUARY 2018

Expert Panel “That an MBA skill-set is useful for a startup is not debatable. What is arguable is whether entrepreneurs are getting the information they need in the most effective and efficient manner and if all the deep silo-driven functional knowledge is really relevant for an entrepreneur. Given the pervasiveness of inter-functional conflict, MBA kill-set should enhance cross-functional knowledge in an interdisciplinary manner so that entrepreneur-MBAs can see the value of each function in a more balanced way. Capstone course(s) in entrepreneurship should be offered in a as realistic environment as possible. If a course or two in deep functional knowledge need to be sacrificed, then so be it.” __ Rajiv Grover, Ph.D., Dean, Fogelman College of Business & Economics, Chair of Excellence, Sales and Marketing

“Startups are born from a passion for an idea, product, or service. Though passion is important in startup success, many startups have failed due to a poor understanding of general and domain-speciﬁc business knowledge that impact a startup’s success. A fundamental understanding of various inter-related business disciplines can position a startup to recognize when to hit the gas, pump the brakes, or shift gears to meet customer needs. An MBA program provides graduates with a solid foundation to understand how critical business areas including ﬁnance, economics, and marketing must work together in order for an organization to be successful.” __ Ginger Killian, Ph.D, MBA Director and Associate Dean of the Harmon College of Business and Professional Studies, University of Central Missouri.

“Many MBA programs are generalist in nature, and even those that are not tending to utilize a rather common set of core curriculum. These courses typically focus upon the utilization of analytical and problem-solving tools within and across the basic functional areas of business. Startups, by nature, are dynamic and malleable, and their business models are influenced by multiple forces. An MBA skillset offers graduates the ability to analyze the impact of those influences upon the functional areas of a startup’s business model, and use learned problemsolving tools in order to formulate strategies to optimize that model. Lastly, the networks developed in MBA coursework are invaluable social capital resources for startup teams.” __ Steve Stewart, Ph.D., Faculty at Georgia Southern University College of Business

“At first glance, taking the time to invest in a Master of Business Administration (M.B.A.) appears unessential to simply taking a great idea and introducing that innovative product or service. And while best practices include launching a concept early and iterating often based on customer response, an entrepreneur not absolutely comfortable in finance, operations, and marketing will be slowed when strategic decision-making is vital. An M.B.A. from an accredited university inspires the confidence of a solid preparation. Options for degree concentrations typically include business strategy, entrepreneurship, finance, management, or marketing. The master’s will empower a startup owner’s certainty and decisiveness.” __ Patricia Bouweraerts, M.M., M.A., Social Media Specialist at Marketing and Communications Office, Truckee Meadows Community College

JANUARY 2018

Tech - Talk

JANUARY 2018

The University offers programs that promote an inclusive community dedicated to integrating teaching, service and scholarly research to develop students’ talents and prepare them for success in a dynamic global society.

ounded in 1974, the University of Houston-Downtown (UHD) is the second-largest university in Houston. Recognized as a distinguished institution in the University of Houston System, the University reflects the unique diversity of the city in which it resides. Sprawling more than 40 acres, UHD is a four-year university that has gained prominence for being both a Hispanic Serving Institution and a Minority Serving Institution. Diversity is at the core of UHD, which is reflected in its student demographics. Approximately 48 percent of UHD’s student population is Hispanic/Latino; 22 percent is African American; and 10 percent is Asia-Pacific.

Each year, the University registers approximately 12,407 undergraduates and 1,512 graduates on its academic calendar. These students represent the Houston community, as well as cities throughout the U.S. Such statewide and national representation reﬂects the popularity of its academic oﬀerings. Located in the heart of Downtown Houston, UHD is just steps away from Fortune 500 companies, awardwinning restaurants, professional sports, and world-renowned performing arts organizations. The University is woven into the vibrant streets of the fourth largest city in the United States and has urban appeal that celebrates the multicultural vibe of Houston.

Community Service: The Core of UHD Academic Culture UHD gives importance to humanitarian values and encourages community service. Many UHD students, either individually or as members of an organization, participate in different types of community service projects from animal welfare services to neighborhood clean-up projects to assisting children and the elderly community. Last year, UHD students, faculty and staff donated more than 429,645 community service hours for humanitarian causes. Holistic Development through Recreational Initiatives In addition to delivering quality educational opportunities, UHD places equal emphasis on extra-curricular activities for its students. Greek Life, 90-plus clubs and student organizations, a 30,000 square- foot sports and fitness facility, 11 competitive Sports Club and 10 recreational sports teams showcase how the University supports and JANUARY 2018

Dr. Juan Sánchez Muñoz is the President of University of HoustonT R Downtown. Muñoz earned a doctorate at the University of California, Los Angeles. During his career in education, Dr. Muñoz has taught in both university and secondary school classrooms and served as a university administrator. Such roles prepared him for the prestigious role of the President at UHD. He joined the University in April 2017 and since then, he has been an advocate for promoting quality teaching in the University and meticulously overseeing and guiding UHD towards the path of greater enlightenment. Under Muñoz’s leadership, UHD has achieved the following accolades in higher education: In June 2017, Texas Higher Education Coordinating Board awarded UHD a “Recognition of Excellence” award for their Supplemental Instruction Program and later in the year awarded the “Star Award” for the Gateway Course Innovation Initiative aimed at bolstering students’ performance in gateway courses Ÿ The Board also awarded UHD with a Texas Affordable Baccalaureate Grant Ÿ Muñoz’s also helped launch the institution’s “UHD Here, We Go” capital campaign, which aims to raise $25 million by 2020 to support student success, faculty development, community engagement and campus expansion Ÿ

Dr. Juan Sánchez Muñoz President

encourages a broader and well-rounded educational experience. Qualitative & Aﬀordable Education UHD’s tuition fee is one of the lowest among Houston’s four-year universities. Students pay 16 percent less than the average tuition fee as compared to any four-year public university in Texas. The University also provides diﬀerent types of scholarships, loans, grants and work-study options..

Words of Trust

“UHD’s Insurance Risk Management program has had a profoundly positive influence on my career and professional development. It helped me to earn several scholarships including the Insurance Council of Texas AAA Scholarship Notable Alumni and the Institutes CPCU Presidential UHD has one of the strongest alumni networks comprised of more Scholarship. The program also played a than 47,000 active members. These alumni are making their mark significant part in helping me land my dream in a range of industries and contribute immensely towards local and job as a commercial insurance underwriter.” regional economies through variety of careers. UHD notable alumni include: · Darrin Straughan, President of James Coney Island Corey J. Nelson, Senior Bachelor of Business · Evelio Fernandez, Vice President for Goya Foods Administration Student · Paula Mendoza, CEO of Possible Missions and member of the Marilyn Davies College of Business' Insurance University of Houston System Board of Regents & Risk Management Program · Texas Rep. Mary Ann Perez · Harris County Sheriff Ed Gonzalez Academic Offerings The College of Computer Sciences & Technology offers degrees in Computer Science, Control and Instrumentation Engineering, Safety Management, Structural Analysis and Design. UHD's MBA program, in the Marilyn Davies College of Business, is also popular among students and for three consecutive years, it has been ranked as the largest in Houston by the Houston Business Journal. Apart from these programs, the Master of Security Management Program grooms cyber security professionals and the Insurance and Risk Management Program prepares students for careers in underwriting, loss control, claims adjusting, insurance appraisals, auditing, risk analysis and other aspects of the insurance industry. Other academic programs of note include Criminal Justice, Data Science and Nursing. T R JANUARY 2018

T R

315 E. College Avenue, Greenville, Illinois 62246-1145 800.345.4440 / 618.664.7100