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




    Framing the Opportunities
                                           Glenn J. Platt
         C. Michael Armstrong Professor, Miami University





     Framing the Opportunities
    The major issues facing top ranked business schools today and
    the implications for WPI





                                                                                              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





                                                                                              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





Retrenchment

5




        Opportunities in the Form of Challenges





New Fields




    Above the Din
    Communication Challenges



New
Fundraising
Models
10


10



     Traditional Business Schools

11



     Traditional Business Schools

11



                            Traditional Business Schools




     New Business Schools
12


13



                            Traditional Business Schools




     New Business Schools
Non Business Schools/Free

                                                               
13



                                Traditional Business Schools




     New Business Schools
14






Understanding and
Acting on Data While
Still Taking Risks


Recruiting Talented
  Faculty & Staff

Recruiting Talented   Retaining Talented
  Faculty & Staff       Faculty & Staff

17




                        New Forms and
         Evaluating   Outlets of Scholarship

          & Valuing     Non-Traditional
                      Faculty Activities

                         Diverse Skill Sets




Recruiting High Quality Students

19




         Building Smarter Industry
                    Relationships

20




         Clarifying and Distinguishing Brand

21




         WPI Mission & Goals

22




         WPI Mission & Goals


24




         Telling a Story

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.

26




         BOA: Keep the Change






                       28
Consider This...





                                                28
Consider This...
 WPI’s Culture of Innovation & Creativity





                                                                 28
Consider This...
 WPI’s Culture of Innovation & Creativity
 Design Expertise in Engineering, Life Sciences, and Other
 Disciplines





                                                                 28
Consider This...
 WPI’s Culture of Innovation & Creativity
 Design Expertise in Engineering, Life Sciences, and Other
 Disciplines
 Project-Based Learning





                                                                 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





                                                                 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]





                                                                 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





                                                                 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


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WPI Business School Presentation

  • 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
  • 6.  5 Opportunities in the Form of Challenges
  • 8. Above the Din Communication Challenges
  • 9.
  • 12.  10 Traditional Business Schools
  • 13.  11 Traditional Business Schools
  • 14.  11 Traditional Business Schools New Business Schools
  • 16.  13 Traditional Business Schools New Business Schools
  • 17. Non Business Schools/Free  13 Traditional Business Schools New Business Schools
  • 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
  • 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.

Editor's Notes

  1. won’t talk at all about me or my experience, but will be glad to during the discussion.
  2. asked to speak about it. won’t exactly do it.
  3. start with the answer. at least to the question of what MOST business schools are concerned about.
  4. miami - cross the board cuts
  5. instead, i am going to talk about 11 challenges that a top ranked wpi business school will need to consider.
  6. business education needs to be thinking horizontally, not vertically. social entrepreneurship. health care. social media. sustainability.
  7. getting the message out. reinforcing it. repeating it. developing a reputation.
  8. business school students want to work for companies, study with, learn about socially responsible commerce.
  9. no longer classic philanthropy - for both economic reasons, but also a shifting demographic.
  10. COMPETITION not just US schools, but international also.
  11. Walking the walk.
  12. Baby boomer retirements. New hires. Competitive landscape.
  13. Baby boomer retirements. New hires. Competitive landscape.
  14. 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.
  15. Strategic partnerships, not just internships. Clear paths for employment. Research. IP
  16. THE most important challenge facing business schools today.
  17. When I went to get my head around the WPI brand, I began with the mission statement.
  18. 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.
  19. ...it’s just that a story needs to be told.
  20. One framework for telling that story might be “Design Thinking”
  21. 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.