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Faculty Meeting Monday, October 13, 2003

Faculty Meeting Monday, October 13, 2003 MICHAEL M. KNETTER DEAN Purpose Review Strategic Plan and Progress Preview Capital Campaign Comments and Questions School of Business Program Update Dean’s Advisory Board School of Business Chicago Alumni Luncheon Undergraduate Program

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Faculty Meeting Monday, October 13, 2003

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  1. Faculty Meeting Monday, October 13, 2003 MICHAEL M. KNETTERDEAN

  2. Purpose • Review Strategic Plan and Progress • Preview Capital Campaign • Comments and Questions

  3. School of Business Program Update Dean’s Advisory BoardSchool of Business Chicago Alumni Luncheon • Undergraduate Program • media rankings strong - U.S. News #11 • internal surveys show high satisfaction • placement outcomes are excellent • Faculty Research Program #14 in nation • Executive Education in FT Top 20 in U.S. • Evening and Executive MBA holding steady • Full-Time MBA recent media rankings are outside top 30 (WSJ >50, Forbes #38, Economist #72) • student quality indicators trail peer schools • internal surveys and focus groups reveal high variance in student satisfaction with program • placement outcomes are weaker than peers October 30, 2002

  4. School of Business Strategic Priorities Dean’s Advisory BoardSchool of Business Chicago Alumni Luncheon • Master’s Program Aspiration and Structure • Alumni Network • Faculty and Staff Recruitment, Retention, and Development • World Class Infrastructure October 30, 2002

  5. Master’s Program Vision: Dean’s Advisory BoardSchool of Business Chicago Alumni Luncheon To be the school of choice for students who have a clear career objective October 30, 2002 Master’s Program Objective: To provide educational experiences that transform the lives of students

  6. UW-Madison MBACareer Specializations ACCOUNTING ASAP ACFIN REAL ESTATE RISK MKTG RESEARCH PRODUCT MGMT SUPPLY CHAIN OPS & TECH MGMT INFO SYSTEMS MGMT - LIFE / ENG SCI MGMT-HR ENTREPRENEURSHIP ARTS ADMIN 2nd Year 1ST Year ACCT FINANCE MKTG OPERATIONS MGMT

  7. General Management MBA Harvard, Michigan, Stanford, Dartmouth 2nd Year ELECTIVES – NO MAJOR 1ST Year ACCT FINANCE MKTG OPERATIONS MGMT Traditional Major MBA Indiana, Northwestern, Ohio State, Purdue MARKETING 2nd Year 1ST Year ACCT FINANCE MKTG OPERATIONS MGMT

  8. Advantages of the UW Model Dean’s Advisory BoardSchool of Business Chicago Alumni Luncheon • Students: Personalized, focused experience with great networking opportunities • Faculty and Staff: Students have clear career objectives • Recruiters: Focused students with deep knowledge base • Alumni: Ease of connection with programs and students October 30, 2002

  9. MBA Program Progress Dean’s Advisory BoardSchool of Business Chicago Alumni Luncheon • Faculty unanimously adopted new core curriculum which will be fully implemented in Fall 2004 • Signe Ostby and Scott Cook’s gift of $6.4 million established the Center for Product Management • First-year class that began in Fall 2003 is smaller, stronger, and more concentrated in centers • 20032002 • Enrollment 118 167 • Average GMAT 662 631 • Years of Work Experience 4.3 4.5 • Women 33% 30% • Minority 11% 13% • International 30% 32% October 30, 2002

  10. MBA Program Progress Dean’s Advisory BoardSchool of Business Chicago Alumni Luncheon • Campus Planning Committee has approved a building project for the School of Business. • Key details: • Planning Phase 2007-09 • Construction Phase: 2009-11 • Park Street side of Grainger Hall • Preliminary cost estimate: $25-30 million • This is an opportunity to achieve many goals: • More space for undergraduate and graduate teams, organizations, and centers • Better services and amenities • A degree of separation between professional and undergraduate programs October 30, 2002

  11. Nicholas Center Dean’s Advisory BoardSchool of Business Chicago Alumni Luncheon • Ab Nicholas has established the Nicholas Center for Applied Corporate Finance with a $6.4 million gift. • The Nicholas Center funding will be enhanced by an anonymous $2 million expendable gift to accelerate the growth in quality and scale. October 30, 2002

  12. New Initiatives in Other Program Areas Dean’s Advisory BoardSchool of Business Chicago Alumni Luncheon • Is MBA a diversion of resources? • Core • Centers and electives • Impacts and initiatives by area: • Faculty and Research • Undergraduate Education • Executive Education • Alumni Engagement • Diversity October 30, 2002

  13. Planning Process • Strategic Plan articulates our major priorities to achieve our vision. • Financial Plan projects the resources required for implementation of our plan. • Capital Campaign must provide the margin of excellence to achieve our vision.

  14. Capital Campaign • Public launch was Friday: $1.5 bill • Quiet phase started January 2000 • School of Business: $43 million • UW: about $750 million • Reasons we will accelerate in 03-06 • Leadership and planning transitions are complete • Plans are appealing to alumni and allow a broad menu of gifts and gift sizes • Delegation will allow more time for campaign work

  15. What can we do? • Critical thinking and communication in implementation of our plans • Involvement in execution of plans • Faculty and staff roles • Administrative roles • Support of our plans

  16. Dean’s Advisory BoardSchool of Business Chicago Alumni Luncheon Questions and Discussion October 30, 2002

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