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Graduate School of Business
Stanford University
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August 2006
Dean's Column: Bold Moves Toward a New Curriculum
About once a decade, a business school takes a deep look at its curriculum
and asks important questions about the knowledge and skills students need
for the many years of management practice they have ahead. At my request,
Professor Garth Saloner led a task force of 11 faculty, alumni, and staff
members to review the MBA Program.
In May, our faculty overwhelmingly accepted a bold vision for the School.
These new ideas do not tweak at the margins. To be sure, the
fundamentals—finance, accounting, operations, marketing and strategy,
organizational behavior, and economics—are still there. However, the plan
capitalizes on the enormous advantages of the School’s small size and
creates a highly personal program with significant faculty-student advising.
Four key elements characterize the new educational model: a customized
program; a deeper, more engaging intellectual experience; a more global
curriculum; and expanded leadership and communication development.
First, the curriculum will be customized to each student. After a common
program in the first quarter, students will face no required courses, but
rather a set of distribution requirements that will give them broad general
management knowledge. The suite of requirements will vary by pace, depth,
and assumed knowledge in order to challenge every student regardless of
experience. In some cases “flavors” of a given topic will be offered, so
that students can tailor their curriculum to career goals. The initial
common courses will raise fundamental questions of managerial relevance and
will include these four: Teams and Organizational Behavior, Strategic
Leadership, Managerial Finance, and The Global Context of Management. Each
student also will form an advising relationship with a faculty member. Aided
by placement exams, the student and advisor will craft an individual study
plan. Students come to the MBA Program with extremely diverse academic and
work experience and varying career goals. The new program will channel
students into courses that will challenge and prepare them, regardless of
their background.
Second, the new curriculum will foster a much deeper intellectual
exploration of both broad and narrow subjects. This will begin in a fifth
course, tentatively titled Critical Analytical Thinking, that will be
offered in the first quarter. In seminars of fewer than 20 people, students
will examine issues that transcend any single function or discipline, such
as: What responsibilities does a corporation have to society? When do
markets perform well, and when do they perform poorly? When does it make
sense to exercise discretion; when should relatively rigid rules govern
behavior? Students will be taught to think and argue about such issues
clearly, concisely, and analytically, setting the tone for the rest of the
program.
We will press students to think across disciplines and functions. And
improved placement will engage students more effectively. A second-year fall
schedule will feature intensive one-week seminars, in which students will
delve into specific subjects. The School also plans to add to its Bass
Seminars, funded in part by a recent $30 million gift from Robert M. Bass,
MBA ’74. The seminars, as small as 10 people, move students beyond passive
learning and into topics of their own choosing. Guided by supervising
faculty, the students are largely responsible for creating the content of
their courses.
Third, the plan calls for enhancements to the global management curriculum.
This begins with the first-quarter course, The Global Context of Management.
The school will continue to globalize its cases and courses, and a global
experience, such as an international internship, an overseas
service-learning trip, or a student exchange, will be required of students
during their two years at the School.
Finally, the new curriculum includes expanded leadership and communication
development. The Strategic Leadership course will integrate leadership
development, strategy, and implementation. Critical Analytical Thinking will
hone students’ written and oral communication skills. In a new capstone
seminar near the end of the two years, students will synthesize what they
have learned, examine strengths and weaknesses in their personal leadership
style, and reflect on how they hope to achieve their goals as they embark on
their careers.
Taking the MBA Program to this new level will require significant funding, a
5 to 10 percent increase in faculty, and ultimately, a new facility with
flexible classrooms to accommodate more and smaller classes. Following the
approval of a campus concept by the trustees in June, we are making plans
for new buildings. Please join me in embracing this new vision, about which
you will hear more in the fall.
If you have comments on the proposed new vision for our management
education, please don’t hesitate to contact me at 650.723.2146.
Photo by Saul Bromberger/ Sandra Hoover Photography
