Purdues New Synergies Plan

1
Innovation _at_ Krannert Responding to the New
Synergies challenge
Richard A. Cosier Dean and Leeds Professor of
Management
2
Krannerts legacy and reputationFrom the
Headlines
Wall Street Journal, September 22, 2004
3
Select events over the last decade at Krannert
2009
Webster Undergraduate Program Suite Dedicated
Krannert Celebrates its 50th Anniversary
2007
2006
Study abroad programs expanded to China with the
Tsinghua partnership
2005
Krannert ranked a 1 business School in the
Wall Street Journal
2004
German International Graduate School of
Management and Administration (GISMA) founded in
Hannover, Germany
Rawls Hall opened
2003
1999
4
Krannerts fast facts The rankings

• Krannert recent rankings
• Undergraduate
• US News
• 4 Production / operations management
• 4 Quantitative Analysis
• 21 Overall
• Masters
• US News
• 6 production / operations management
• 10 Supply chain and logistics
• 13 overall among publics
• 33 overall
• Executive Masters
• Financial Times
• 15 worldwide for the IMM degree
• Wall Street Journal
• 22 worldwide EMBA

5
Krannerts fast facts

• Current enrollment
• 2647 Undergraduates
• Accounting, Economics, Industrial Management,
  General Management
• 416 Masters
• MBA, MSIA, MSHR, MBA GISMA, MS Finance
• 270 Executive Masters
• IMM, EMBA, Weekend
• 109 doctoral
• Faculty
• 81 tenure track
• 33 Clinical, lecturers and visitors

6
Purdues New Synergies Plan

• The Vision
• to set the pace for new interdisciplinary
  synergies that serve citizens worldwide with
  profound scientific, technological, social, and
  humanitarian impact on advancing societal
  prosperity and quality of life
• Three key goal areas
• Launch tomorrows leaders
• Discovery with delivery
• Meet global challenges

7
Rising to the new challengeKrannerts Vision

• Innovation _at_ Krannert
• Rigorous Analysis, Innovative Insight
• Going forward the school will foster innovation
• In interdisciplinary collaborations
• spanning Purdue and the disciplines for
  curricular, research and engagement initiatives
• In the curriculum
• through cutting edge and rigorous programs
• In the classroom
• through simulations, case study, applications
• In research
• through teams of world class scholars
• In project opportunities
• with faculty and or students teaming to provide
  solutions for local, national or global problems
• In a diverse and global environment
• making our school more inclusive and comprehensive

8
Strategy in action globalization

• Study abroad
• Krannert is now a campus leader in study abroad
  participation
• 299 Krannert students (170 undergraduates and 129
  graduate students) out of a campus total of 1573
• 25 of all Krannert School 2008-09 graduates had
  a study abroad experience a campus high
• 19 of our 2008-09 undergraduate graduates had a
  study abroad experience, second only to Liberal
  Arts

9
Strategy in action globalization

• MBA Student Internships with TVS in India
• Partnership between the Global Supply Chain
  Management Initiative and Krannert alum and TVS
  Motor Company Chairman and Managing Director Venu
  Srinivasan
• Ability for students to gain applied experiences
  in a global setting with a Deming quality award
  winning firm

10
Strategy in action globalization

• German International Graduate School of
  Management and Administration (GISMA)
• A campus presence in Hannover, Germany delivering
  the Purdue MBA
• A successful program entering its 11th year, with
  almost 600 alumni
• A new partnership with Leibniz University, and a
  new 11.5M contract with Purdue through 2014

11
Strategy in action project opportunities

• Experiential Learning Initiative in the
  professional masters programs
• New requirement in the MBA program
• Student teams of 4 6 students, paired with
  faculty expertise, to work on real world
  problems
• Start up projects within the US and abroad
• Bosch, Purdue Athletics, Isotoner, Kenexa
  Corporation

12
Strategy in action collaborations and outreach

• Entrepreneurship Bootcamp for Veterans with
  Disabilities (EBV)
• Member of a 5 school consortium providing
  entrepreneurial training to Iraq / Afghanistan
  post 9/11 disabled veterans.
• First 14 participants graduated in late August
  and will receive a 12 month follow on mentorship

13
Strategy in action diversity

• Business Opportunity Program
• An academic program that improves the diversity
  of Krannert by recruiting and supporting high
  potential students
• Programs at both the undergraduate and masters
  levels
• A success story in its 41st year, with over 1,000
  program alumni
• Dedicated the Cornell A. Bell memorial case in
  the Krannert drawing room over homecoming

14
Strategy in action research

• Despite its small size, the faculty are prolific
  publishers in the leading peer journals 2000 -
  2009
• 4 in the Strategic Management Journal
• 22 in the Academy of Management Journal and
  Review
• 27 in the top 2 finance journals Journal of
  Finance and Journal of Financial Economics
• 28 in Journal of Operations Management,
  Production Operations Management, and
  Manufacturing and Service Operations Management
• Building endowed and chaired positions to recruit
  and retain the best scholars
• Increase from 9 to 21 chairs since 1999
• Most recent addition, Dr. George Shanthikumar,
  new Dauch Chair for Manufacturing, recruited from
  Berkeley in 2009
• International recognition of faculty scholarship

                     SecurityPutting A Price
On Cyberspying
Karthik Kannan and Jackie Rees Ulmer (MIS)
Post 9/11 trade restrictions
David Hummels (Economics)
The other January effect (stock performance)
John McConnell (Finance)
15
Strategic gap analysis Putting strategy into
practice

• Seven major goals and 246 objectives with metrics
• 88 of objectives met or exceeded
• Priorities from unmet objectives
• Salaries / compensation
• Faculty / staff headcount
• Fundraising / budget
• Student career services
• Faculty / staff diversity