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WPI Business School Presentation

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Overview of issues and opportunities for a School of Business at WPI.

Overview of issues and opportunities for a School of Business at WPI.

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  • won’t talk at all about me or my experience, but will be glad to during the discussion.
  • asked to speak about it. won’t exactly do it.
  • start with the answer. at least to the question of what MOST business schools are concerned about.
  • miami - cross the board cuts
  • instead, i am going to talk about 11 challenges that a top ranked wpi business school will need to consider.
  • business education needs to be thinking horizontally, not vertically.
    social entrepreneurship. health care. social media. sustainability.
  • getting the message out. reinforcing it. repeating it. developing a reputation.
  • business school students want to work for companies, study with, learn about socially responsible commerce.
  • no longer classic philanthropy - for both economic reasons, but also a shifting demographic.
  • COMPETITION
    not just US schools, but international also.
  • Walking the walk.
  • Baby boomer retirements. New hires. Competitive landscape.
  • Baby boomer retirements. New hires. Competitive landscape.
  • Can’t rest on laurels
    Can’t assume that everyone knows how good the program is
    Regional, National, International.
    Active recruitment. Social Media. High School Programs.
  • Strategic partnerships, not just internships.
    Clear paths for employment.
    Research.
    IP
  • THE most important challenge facing business schools today.
  • When I went to get my head around the WPI brand, I began with the mission statement.
  • How is WPI’s new School of Business positioned, relative to these challenges - relative to this mission - relative to the market?
    Exceptionally well. It is what excites me most about this position. The pieces are all there.
    Much like there was at time when technology “stood alone” in industry, so is business.
  • ...it’s just that a story needs to be told.
  • One framework for telling that story might be “Design Thinking”
  • The challenges that face WPI largely boil down to one of storytelling. The raw materials for the story are all here. What story will it tell? What story should it tell? One thing is for sure: it is going to be a great story.
  • Transcript

    • 1.  Framing the Opportunities Glenn J. Platt C. Michael Armstrong Professor, Miami University
    • 2.  Framing the Opportunities The major issues facing top ranked business schools today and the implications for WPI
    • 3.  3 Deans Address Challenges from Unprecedented Change to Fundraising in an Uncertain Economy Understanding and Coping with Change Fundraising During an Uncertain Economy Thinking Strategically in Uncertain Times Attracting and Retaining Faculty with Uncertain Financial Support Enrollment Management in Times of Reduced Budgets Teaching Relevant Issues in an Uncertain Economy Student Placement Assistance in a Contracting Economy Researching Relevant Issues in an Uncertain Economy Funding Program Needs With Declining Budgets Delivering Service During Uncertain Times
    • 4.  3 Deans Address Challenges from Unprecedented Change to Fundraising in an Uncertain Economy Understanding and Coping with Change Fundraising During an Uncertain Economy Thinking Strategically in Uncertain Times Attracting and Retaining Faculty with Uncertain Financial Support Enrollment Management in Times of Reduced Budgets Teaching Relevant Issues in an Uncertain Economy Student Placement Assistance in a Contracting Economy Researching Relevant Issues in an Uncertain Economy Funding Program Needs With Declining Budgets Delivering Service During Uncertain Times
    • 5.  Retrenchment
    • 6.  5 Opportunities in the Form of Challenges
    • 7.  New Fields
    • 8.  Above the Din Communication Challenges
    • 9.
    • 10.  New Fundraising Models
    • 11. 10 
    • 12.  10 Traditional Business Schools
    • 13.  11 Traditional Business Schools
    • 14.  11 Traditional Business Schools New Business Schools
    • 15. 12 
    • 16.  13 Traditional Business Schools New Business Schools
    • 17. Non Business Schools/Free  13 Traditional Business Schools New Business Schools
    • 18. 14 
    • 19.  Understanding and Acting on Data While Still Taking Risks
    • 20.
    • 21.  Recruiting Talented Faculty & Staff
    • 22.  Recruiting Talented Retaining Talented Faculty & Staff Faculty & Staff
    • 23.  17 New Forms and Evaluating Outlets of Scholarship & Valuing Non-Traditional Faculty Activities Diverse Skill Sets
    • 24.  Recruiting High Quality Students
    • 25.  19 Building Smarter Industry Relationships
    • 26.  20 Clarifying and Distinguishing Brand
    • 27.  21 WPI Mission & Goals
    • 28.  22 WPI Mission & Goals
    • 29.
    • 30.  24 Telling a Story
    • 31.  25 Design Thinking Framework A process that endeavors to solve problems and create new possibilities, generally by relying on deep observational research combined with creative experimentation and extensive prototyping—all aimed at the goal of producing better or more useful objects, experiences, and systems.
    • 32.  26 BOA: Keep the Change
    • 33.
    • 34.  28 Consider This...
    • 35.  28 Consider This... WPI’s Culture of Innovation & Creativity
    • 36.  28 Consider This... WPI’s Culture of Innovation & Creativity Design Expertise in Engineering, Life Sciences, and Other Disciplines
    • 37.  28 Consider This... WPI’s Culture of Innovation & Creativity Design Expertise in Engineering, Life Sciences, and Other Disciplines Project-Based Learning
    • 38.  28 Consider This... WPI’s Culture of Innovation & Creativity Design Expertise in Engineering, Life Sciences, and Other Disciplines Project-Based Learning Infuse it with Business Discipline and Entrepreneurial Perspective
    • 39.  28 Consider This... WPI’s Culture of Innovation & Creativity Design Expertise in Engineering, Life Sciences, and Other Disciplines Project-Based Learning Infuse it with Business Discipline and Entrepreneurial Perspective WorldChanging [Beyond Problem Solving]
    • 40.  28 Consider This... WPI’s Culture of Innovation & Creativity Design Expertise in Engineering, Life Sciences, and Other Disciplines Project-Based Learning Infuse it with Business Discipline and Entrepreneurial Perspective WorldChanging [Beyond Problem Solving] Big Questions
    • 41.  28 Consider This... WPI’s Culture of Innovation & Creativity Design Expertise in Engineering, Life Sciences, and Other Disciplines Project-Based Learning Infuse it with Business Discipline and Entrepreneurial Perspective WorldChanging [Beyond Problem Solving] Big Questions Integrative Thinking Requires Integrative Curriculum
    • 42.