Transcript Slide 1

The Carlson School at 90:
Pursuing Our
Commitment to Excellence
Committee of Research Associate Deans
Thursday, October 15, 2009
7/20/2015
90 years…
1870
1919
1930
1935
1948
1963
1968
1970s
1986
1990s
1998
2008
Idea for “College of Commerce” proposed by first U president, William Folwell
U of M Business School accredited
University Business Women’s Club founded
MBA program introduced
PhD in Business Admin approved
Economics dept moves to CLA; School moves to Mgt/Econ bldg (Heller Hall)
Prof. Gordon Davis seeds Management Information Systems as a field
Name change to College of Business Administration
Curt Carlson donates $18 million, name changed to Curtis L. Carlson
School of Management
Global Executive MBA Programs (granting U of M MBA degrees)
established in Warsaw (1994), Vienna (1999) and Guangzhou (2001)
Move to Carlson building
Opening of Hanson Hall, new undergrad curriculum requiring an
international experience
Strategic Goals
in Three Foundational Areas
CSOM Strategic Plan 2008 under Dean Davis-Blake

Foundations for Academic Excellence
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•
•
•
•
•
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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
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
CSOM Research Centers
Two new interdisciplinary centers:
• Medical Industry Leadership Institute (MILI)
• Center for Integrative Leadership (CIL)
(with the Humphrey Institute)
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•
•
•
•
•
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Juran Center 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
What kinds of research do we do?
An illustration from one department -- SMO
Macro
Micro
Polit Sc.
Philosophy
Nation-State &
Societies
Vaaler
Populations of
organizations
Industries
Networks of firms
Firms
Micro
Top-Mgt teams
Teams/Networks of
individuals
Individuals
Economics
Sociology
Psychology
S Zaheer
EntreOrg
Strategy Org
preneurship
Theory
Theory
A Zaheer
Lifschitz
Singh
Intl
Mgmt
Shaver
Marcus
Maitland
Ethics
Bowie
Van de Ven
Sapienza
Zahra
Zellmer-Bruhn
Shah
Albert
Leroy
Org
Behavior
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
MIS Quarterly
Nature
Technometrics
Academy of Management Journal
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
Some of the ideas seeded/ developed
at CSOM…
Innovation as a process
Lean manufacturing
Satiation and Consumption
Strategic networks
The 4 P’s of marketing
The economic value of trust…
Optimal financing decisions
Neuro-marketing
Management Information Systems
The liability of foreignness
Stakeholder theory
Strategic Goals
in Three Foundational Areas
CSOM 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
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
Foundation for Academic Excellence:
Research productivity
1.
2.
3.
4.
5.
Columbia U
U of Pennsylvania
MIT
Northwestern
U of Iowa
6. U of Minnesota
7. U of Maryland
8. Cornell U
9. U of Florida
10. U of Texas at Austin
(Chronicle of Higher Education, 2007)
Academic Excellence: Research impact in
management over 25 years
(Journal of Management, 2008)
With HBR
1. Harvard U
2. U. of Pennsylvania
3. Stanford U.
4. U of Michigan
5. U of Illinois
6. Texas A&M
7. New York U
8. MIT
9. U of Minnesota
10.Columbia
11.U of Texas
12.UC Berkeley
Without HBR
1. U. of Pennsylvania
2. Stanford U.
3. U of Illinois
4. U of Michigan
5. Texas A&M
6. New York U
7. U of Minnesota
8. U of Texas
9. MIT
10. Columbia
11.UC Berkeley
12.Michigan State
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
Foundation for Academic Excellence:
Growth in programs
09-10
08-09
07-08
06-07
05-06
04-05
03-04
2,128
1,964
1,912
1,822
1,755
1,740
1,693
MBA Full-time
217
199
217
219
202
232
236
MBA - Executive
116
121
115
122
124
109
101
MBA - Part-time
1,861
1,844
1,950
1,776
1,701
1,459
1,175
175
174
210
203
179
186
241
84
98
104
109
113
111
113
MA-HRIR
280
299
310
322
349
338
309
MAcc/MBT
186
156
122
103
104
129
132
5,047
4,855
4,940
4,676
4,527
4,304
4,000
104
106
107
103
101
103
104
Undergrad
MBA - International
PhD program
TOTAL enrollment
Tenure-track faculty
Foundation for Academic Excellence:
Quality -- Undergraduate Program
Undergraduate
Classes
Fall 2008
Fall 2007
Fall 2006
5,063
4,357
3,823
3,374
520
413
431
414
10.3%
9.5%
11.3%
12.3%
Average ACT
28.8
28.7
27.8
27.9
Avg. HS Class Rank
90.7
92.3
94.4
94.2
Percent Female
43%
50%
50%
49%
Percent Minority
12%
17%
14%
16%
Percent International
8%
7%
2%
1%
Number of applicants
Number enrolled
Selectivity
Fall 2009
(based on
confirmations)
(enrolled/applicants)
Foundation for Academic Excellence:
Quality -- Undergraduate Programs
Comparison
of UG Classes
2008
2007
2006
Freshman Retention
97.0%
96.9%
95.1%
Four-Year Graduation
78.3%
75.7%
71.8%
Five-Year Graduation
91.1%
89.0%
86.4%
Student Satisfaction (%
excellent, very good,
good)
92.0%
87.9%
90.2%
86%
94%
89%
81%
$48,609
$49,169
$48,532
$42,631
Employment at 90 days
Starting Salary
2009
Academic Foundation for Excellence:
The Carlson MBA – Full-time
Fall 2009
Fall 2008
Fall 2007
Fall 2006
Applicants
548
634
504
418
Enrolled
104
107
92
124
Selectivity
19.0%
16.9%
18.3%
29.7%
Average GMAT
683
663
661
641
Average GPA
3.43
3.31
3.37
3.31
Work Experience
(years)
4.3
5.3
4.5
4.8
Percent Female
41%
32%
27%
35%
Percent
Minority
18%
10%
8%
10%
Percent
International
19%
19%
29%
40%
Entering Class:
Full-Time
(Enrolled/Applicants)
Academic Foundation for Excellence:
The Carlson MBA – Part-time
Entering Class:
Part-time
Fall 2009
Fall 2008
Fall 2007
Fall 2006
Applicants
386
446
474
395
Enrolled
238
290
316
285
Selectivity
61.7%
65.0%
66.7%
72.2%
Average GMAT
632
627
622
610
Average GPA
3.42
3.39
3.36
3.31
Work Experience
(years)
5.3
5.9
5.8
6.3
Percent Female
28%
36%
39%
30%
Percent
Minority
9%
12%
16%
12%
(Enrolled/Applicants)
Academic Foundation for Excellence:
The Carlson MBA
Class of:
Full-Time
2009
2008
2007
2006
Percent
satisfied or
very satisfied
81%
84%
91%
91%
Employed at
Graduation
63%
79%
77%
91%
Employed at
90 days
78%
86%
92%
98%
$94,965
$88,433
$87,188
$85,767
Class of:
Part-time
2009
2008
2007
2006
Percent
satisfied or
very satisfied
93%
93%
95%
96%
Starting salary
Foundations for Academic Excellence:
Teaching Profile – the challenge
Teaching Profile of Carlson Programs
BSB
FT MBA
PT MBA
CEMBA
All Programs
Tenure Track
22%
57%
40%
72%
32%
Instructional
34%
29%
32%
28%
33%
Part-Time
37%
14%
27%
0%
32%
Ph.D. Student
7%
0%
1%
0%
3%
Percent of student credit hours taught, by program
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