Tag: Master of Business Administration

AACSB International Extends Accreditation for School of Business and Economics

The Association to Advance Collegiate Schools of Business (AACSB) International has extended the accreditation of the School of Business and Economics for five years.

AACSB accreditation is the hallmark of excellence in business education. It has been earned by less than five percent of the world’s business schools. Today, there are 620 business schools in 38 countries that maintain AACSB accreditation.

“I am very proud of our faculty and staff who continuously work hard to maintain this distinct level of quality in business education,” said Dean Darrell Radson (School of Business and Economics). “This accomplishment confirms our initiatives designed to meet the needs of business as we educate our students to be leaders in innovation, entrepreneurship and technology management to impact our nation and the global economy.”

The School of Business and Economics first received AACSB accreditation in 2001 and recently completed its second rigorous internal review and evaluation process. AACSB accreditation standards require a high-quality teaching environment, a commitment to continuous improvement and curricula responsive to the needs of businesses.

“This accreditation extension affirms the high regard that academic leaders have for Michigan Tech,” said President Glenn Mroz. “The School of Business and Economics has worked hard to achieve this level of quality instruction, scholarship and research.”

AACSB International, founded in 1916, is an association of more than 1,200 educational institutions, businesses and other organizations in 78 countries and territories. AACSB’s mission is to advance quality management education worldwide through accreditation, thought leadership and value-added services. AACSB’s global headquarters is located in Tampa, Fla., and its Asia headquarters is located in Singapore. For more information, visit www.aacsb.edu .

Published in Tech Today

UNESCO/ Great Wall Co-Sponsored Fellowship Programme

With a view to promoting international exchanges in the field of education, culture, communication, science and technology, and to enhancing friendship among peoples of the world, the Government of the People’s Republic of China has placed at the disposal of UNESCO, under the sponsorship of the organization, 25 fellowships for advanced studies and two more fellowships on agriculture-related subjects specially at undergraduate and postgraduate levels. These fellowships are for the benefit of developing Member States in Africa, Asia and the Pacific and certain countries in the Arab States.

The fellowships, tenable in a selected number of Chinese universities, are of one year duration or less. These fellowships, which are in most cases to be conducted in English, are offered to senior advanced students wishing to pursue higher studies or intending to undertake research mainly independently with periodic guidance from the assigned supervisor. In exceptional cases, candidates may be required to study the Chinese language prior to taking up research/study in their field of interest.

When completing the form, each candidate is requested to specify three possible host institutions in China indicating one field of study as personal preference. Applicants may wish to visit the China Scholarship Council website (www.csc.ed.cn) for details regarding these host institutions. In addition, fields of studies proposed in selected universities can be found at the following URL:

MBA Online Program in the News

Michigan Tech’s MBA Online, offered by the School of Business and Economics, is mentioned in the Bloomberg Business Week Business School Rankings and Profiles.

The Tech MBA Online is one of 50 listed in the distance learning section, and the site says, “Advances in educational technology have made distance learning programs a viable alternative to attending bricks-and-mortar campuses.”

“We are pleased to see the online program getting this well-deserved attention,” says Darrell Radson, dean, School of Business and Economics.

School officials said the two-year Tech MBA Online focuses on technology and innovation management. The degree incorporates a solid foundation of fundamental business disciplines, including a global perspective. Training professionals to be ethical leaders who manage financially sound but sustainable organizations is also a program goal. The degree program includes two weekend residencies and a weeklong international residency.

“The uniqueness of our program centers on its connection to technology,” according to Radson. “We are using the expertise of our university and our business school to train students to take new ideas and concepts and move them into new products and new businesses.”

For more information about the Tech MBA Online, call Ruth Archer, graduate program director, at 487-3055, or visit www.mbaonline.mtu.edu .

Published in Tech Today.

Registration Opens for Tech MBA® Online

Registration for the Tech MBA® Online 2010-11 webinar is now open. The virtual events discuss topics such as paying for the MBA (and getting your employer to help), choosing the right program, and other specifics, including how engineers and women benefit from getting MBA degrees. To view the webinar schedule or to register, see Tech MBA .

* * * *

The School of Business and Economics and the Alumni Association will host a workshop on career planning in Grand Rapids. This is the second Career Re-Tool Workshop for job seekers, those in career transitions and people who want career advancement. Attendees will have the opportunity to evaluate educational opportunities. This free event is open to the public. For more information, see re-tool .

First In Series of Federal Funding Workshops – Sept 15th and 16th.

A federal fellowship/scholarship writing workshop will be held on Wednesday, September 15th  and Thursday, September 16th at 4:00 in Fisher 135.

You will only need to attend one of the workshops, as they are the same workshop, different days and time.

During the workshop we will review 3 samples of NSF GRFP personal statement essays. Tips will be given on how to organize your essay, utilize wording, and meet the merit criteria expected by reviewers

Prepare for the workshop by:

1. Understanding how NSF defines “broader impacts”

2. Brainstorming answers to NSF “personal statement” questions

    If you (or someone you know) plan on attending, please RSVP to Jodi Lehman (jglehman@mtu.edu).

    Thirteen Students Inducted into SBE Honor Society

    The Michigan Tech School of Business and Economics chapter of Beta Gamma Sigma international honor society recently inducted 13 students into its membership. Beta Gamma Sigma recognizes students of high scholastic achievement and is among the highest honors that a business student can receive at Michigan Tech.

    The following students in the School of Business and Economics were inducted:

    • Nicole Baumruk, Management Information Systems (MIS)
    • Stephanie Behrens, Finance
    • Jacob Carlson, Finance
    • Lucy Dernovsek, Accounting
    • Ming He, Management
    • Adam Kastamo (MBA Student)
    • Lindsey Lindstrom, Marketing/Management
    • Rebekka Mikkola, Marketing/Management
    • Asel Otunchieva, Accounting
    • Michael Schott, Management Information Systems (MIS)
    • Kipp Vaughn, Management
    • Geoffrey Weston (MBA Graduate)
    • Lijuan Xie, Accounting

    The Michigan Tech chapter advisor for Beta Gamma Sigma is Mari Buche.

    Visit the business newsblog for more information and photos from the induction ceremony.

    Published in Tech Today.

    BOC Commits to Financial Aid and Approves Online MBA

    The Board of Control has announced a significant increase in financial aid for students struggling to afford a college education.

    In special remarks delivered at the Board’s regular meeting today, Finance and Audit Committee Chairman Steve Hicks said that Michigan Tech will increase financial aid by approximately 10 percent for next school year. Financial aid totals $38 million, 20 percent of the University’s budget. The board has asked President Glenn Mroz and his administrative team to include this increase in the fiscal year 2010–11 budget.

    “The board members recognize the dramatic impact of the recent economic downturn on the ability of students and their families to pay for higher education,” Hicks said. “We empathize with them and decided to make an early commitment for next school year to ensure that students who seek a truly exceptional educational experience at Michigan Tech have that opportunity.”

    Nationally, rising tuition costs and the economic recession have combined to force students to lower their educational sights and seek out lower-priced options. This is especially true in Michigan, where this year the state’s retraction of the Michigan Promise Grant left many students lacking sufficient support. Michigan Tech’s response was to pick up that commitment from the state and fund the Promise grants from its own coffers for the first semester.

    Hicks emphasized the University’s resolve to help students. “We are making our own promise to prospective and current students who face rising financial pressure. Providing access to a Michigan Tech education at an affordable price is a top priority, and we are putting our dollars behind the promise. The State of Michigan needs our kind of graduates, proficient in science, engineering, and technology, to propel it to a stronger economic future.”

    President Mroz affirmed that message. “People are our priority. We want every student who values what Michigan Tech offers to come here. Today the Board has sent a message that we will go out of our way to make it financially possible.”

    The Board of also approved a program price of $38,000 for a new, two-year online Master of Business Administration (MBA) program. It will make Michigan Tech’s MBA curriculum and faculty available to distance learners worldwide, starting with the fall 2010 semester.

    Like the campus MBA program, the new online program will focus on innovation and technology management.

    “Faculty, in our MBA programs on campus and online, understand scientists, engineers and others who work in similar areas,” said Ruth Archer, director of graduate business programs at the School of Business and Economics (SBE). “We want to help them gain a competitive edge and advance their careers.”

    MBA online students will attend two extended weekends on campus and one weeklong international residency where they will learn about the development of technology-related businesses in another culture. The international residency will give students a global perspective on innovation and technology management.

    “During the on-campus residencies,” said SBE Dean Darrell Radson, “students will develop a strategic perspective and reinforce collaboration and communication skills while interacting with their cohort and faculty members.” In a cohort program, students move through all classes and phases of the program together as a group, from beginning to graduation.

    In other business, the Board

    • Voted to award the Melvin Calvin Medal of Distinction to Raymond L. Smith, sixth president of Michigan Tech. Smith, for whom the ME-EM building is named, is recognized as one of the most authoritative authors and lecturers on minerals and metals. The Melvin Calvin Medal is the highest honor that the University bestows on individuals who have exhibited truly distinguished professional and personal accomplishment and have been associated with Michigan Tech.
    • Approved residence hall and apartment room-and-board rates for the 2010-11 academic year, including increases ranging from 4.10 to 4.33 percent for the residence halls and 4.62 to 7.95 percent for Daniell Heights apartments. A single room in the new residential apartment building will cost $8,400 for the year, with a 50-meal per semester food plan.
    • Learned that the Graduate School is piloting a National Service Graduate Fellowship Program to better meet the needs of students who have provided significant service to the US. Active military personnel, honorably discharged veterans, military retirees, and Peace Corps and Americorps volunteers who have successfully completed their service are eligible for the fellowship.

    Published in Tech Today

    Getting Rid of the Bad Stuff

    MBA student Cynthia Hodur learned firsthand about getting rid of trans fats, those ubiquitous bad food particles. On a student team in Dana Johnson’s operations and quality management class, she researched and applied her knowledge to a local hospital project and got great results.

    “Instead of reading about it, we actually did it in a real-world way that will help the community,” she says of her experience on behalf of Portage Health. The hospital was the first in the Upper Peninsula to go trans-fat free, with help from the Tech students.

    Hodur appreciated the opportunity to tackle such a timely problem with her team’s two-pronged approach, especially since she works as a facilities and event coordinator at the Memorial Union.

    “First, our research group focused on policy,” she says. “We looked at what had been done globally, with the United Nations, and then we researched further from there: federally, state, and at the organizational level.”

    She says the American Heart Association’s trans-fat lawsuit with McDonald’s restaurants was important. In the suit, McDonald’s was supposed to change its oil, but it didn’t. She had inside knowledge there, having worked for the American Heart Association at the time.

    “We were working with the schools then,” she says, “building on an existing program.”

    That background information also helped her at Tech, where her second group–applying the information they’d gleaned–looked at recipes and various food products to get rid of the trans fats at Portage Health.

    “We looked at everything from cookbooks to working with vendors to vending machines,” she says. “We found substitutes for cooking, like applesauce for oil, and for baking, where a substitute for shortening has been used successfully, for example.”

    Along the way, she learned from her teammates.

    “There was a variety of people, and we were paired by interests,” she says. “One of the women was a Six Sigma Greenbelt expert on flowcharts!” So, Hodur’s process-chart-producing expertise was accelerated.

    And they weren’t all MBAs, said Johnson, an associate professor in the School of Business and Economics. They had graduate students from civil engineering, mechanical engineering and elsewhere. Focusing on the same goal, Johnson said, they would come at it from different angles.

    Johnson also stressed the importance of “students working with a real, live project, instead of case studies, which become outdated very quickly.”

    The project did indeed take a well-rounded approach to the problem. “The students looked at cost benefits, working with vendors Sysco and Reinhart, even Portage Point (the hospital’s long-term senior housing operation), and its food service customer relations,” she said.

    They worked closely with Paul Skinner, director of Portage’s nutritional services, she said. He was important from a management perspective, and he was in charge of recipes.

    “We looked at processes and procedures to make sure they are accurate,” Johnson said, noting that they even looked at the definition of “trans fat-free,” which can still include .49 grams of trans fats. Portage Health went below that measure, she said.

    “The costs involved in going trans fat-free were not as significant as they thought,” she added.

    She also sees potential for future work.

    “We plan on helping them with their seating capacity at Portage Health,” she said. “We’ll be working with them as they expand their capacity, using a green perspective to identify environmentally friendly dinnerware.”

    They also plan on looking at the recycling in the hospital to make it more cost effective and efficient, Johnson said.

    “We’ll be looking at Styrofoam,” she said, “how it can work within a recycling system.”

    This marks the fourth year for the class tackling problems for Portage Health, and she’s also placed three interns into the organization.

    Hodur truly enjoys the graduate school experience, including the Portage Health project, and her position at the Memorial Union. She has her sights set on a future marketing position.

    “My husband and I moved here because we love the area,” she said. “Working and taking classes at Michigan Tech have been a nice bonus.”

    by Dennis Walikainen, senior editor
    Published in Tech Today