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Kellogg School of Management

 
Wikipedia: Kellogg School of Management
Kellogg School of Management
Established 1908
Type Private
Endowment US $729 million[1]
Dean Sunil Chopra (Interim)
Faculty 149
Postgraduates 1162
Location United States Evanston, Illinois, USA
Colors Purple and White[2]
Website Kellogg.northwestern.edu

The Kellogg School of Management (The Kellogg School or Kellogg) is the business school of Northwestern University located in Evanston, Illinois, downtown Chicago, Illinois and Miami, Florida. Kellogg offers full-time, part-time, and executive programs, as well as partnering programs with schools in China, India, Hong Kong, Israel, Germany, Canada, and Thailand, granting the M.B.A and Ph.D.

Founded in 1908 in downtown Chicago as a part-time evening program, the school was chartered to educate business leaders with "good moral character."[3] Kellogg pioneered the use of group projects and evaluations and popularized the importance of "teamwork" and "team leadership" within the business world.[citation needed]

Kellogg has historically been ranked as one of the top business institutions in the world by BusinessWeek, U.S. News & World Report, The Economist Intelligence Unit, and other business news outlets. Alumni from the Kellogg school hold leadership positions in for-profit, nonprofit, governmental, and academic institutions around the world.

Contents

History

The Jacobs Center on the Evanston campus.

The school, originally founded in 1908 as Northwestern University's School of Commerce, a part-time evening program, was one of 16 founding members of the American Assembly of Collegiate Schools of Business, the organization that sets accreditation standards for business schools. As one of the organization's original members, the school later played a major role in helping to establish the Graduate Management Admission Test, the standardized test that is used to assess the intellectual prowess of MBA applicants. In addition, faculty associated with the school have made landmark contributions to fields such as marketing and decisions sciences. For instance, Walter Dill Scott, a pioneer in applied psychology, helped establish some of the earliest advertising and marketing courses in the first decade of the twentieth century. He went on to serve as president of Northwestern University from 1920-1939. More recently, Philip Kotler and Sidney J. Levy's groundbreaking 1969 Journal of Marketing article, "Broadening the Conception of Marketing," laid the foundations for a greatly expanded understanding of marketing. Similarly, Kotler's Marketing Management text has played a key role in deepening the field's scholarship.

In 1951, Kellogg began offering executive education courses. The Institute for Management, a four-week summer program based in Evanston, expanded the following year to two sections. The program's success eventually led to it being expanded in Europe in 1965 with a similar program offered in Bürgenstock, Switzerland. In 1976, the school expanded its executive education offerings in Evanston, introducing a degree-granting program known as the Executive Management Program (EMP, today known as the Executive MBA Program). A watershed event in the school's history was the opening of the James L. Allen Center, home of the Kellogg executive education programs. The vision of legendary dean Donald P. Jacobs (deanship 1975-2001; on faculty in Finance Department since 1957), the Allen Center enlisted the help of significant business figures in the Chicago-area, most notably James L. Allen, a Kellogg alumnus and cofounder of consultancy Booz Allen Hamilton. The Allen Center's cornerstone was laid in 1978 while the facility officially opened Oct. 31, 1979. It remains a state-of-the-art management education facility.

In 1956, the school was renamed as the School of Business; little more than a decade later, in 1969, the school once again changed its name, this time to the Graduate School of Management, a designation that reflected the demand among the business community for sophisticated managers trained in both analytical and behavioral skills. In addition, this training was oriented toward general management, rather than narrowly functional skills, as had largely been the case in many business schools for much of the 20th century. The training was designed to provide management skills suitable for leadership roles whether in the corporate, public, or nonprofit sectors - rather than careers focused solely on traditional business. To reflect this change, the school in 1969 stopped issuing the MBA credential in favor of the MM, or master of management degree. A point of differentiation for nearly three decades, the school more recently returned to the traditional MBA.

These dramatic changes were predicated upon a key change under Dean John Barr (1965-1975): In 1966, Northwestern elected to discontinue its highly respected undergraduate program (the School of Business) so as to focus its energies solely on graduate education. In so doing, the school decided to pursue a research-based faculty, quickly attracting a number of world-class quantitative experts, many in the field of game theory, to build the school's renowned Managerial Economics and Decision Sciences Department, founded in 1967 and initially led by Professor Stanley Reiter.

In 1979, in honor of a $10 million gift made to the school on behalf of John L. Kellogg, the school was renamed as the J.L. Kellogg Graduate School of Management. The funds allowed the school to significantly expand its research and teaching mission by establishing three endowed professorships; two major centers of interdisciplinary research; four research professorships; and a large student rooming facility designed as a living-learning center. Even prior to the Kellogg gift, the school had been bolstering its research-based faculty: In 1978 alone the school added six additional "named" professorships and two new research professorships. In 2001, in an effort to solidify the school's brand, the name was shortened to the Kellogg School of Management." The story on the Kellogg Centennial site [1]highlights the Kellogg School’s journey over the last 100 years.

In Sept of 2009, Kellogg announced that Dipak C. Jain would step down as dean after eight years of leadership and return to teaching[2]. At the same time Sunil Chopra, former Curriculum and Teaching Senior Associate Dean and IBM Distinguished Professor of Operations Management, assumed as interim dean while the Dean Search Committee finds the best candidate to lead the school. Later in 2009, Northwestern University announced plans to construct a new building at the northeast corner of its Evanston campus to serve as Kellogg's new home. The new facility will be located adjacent to Lake Michigan and will include classrooms, faculty offices, collaborative learning spaces and administrative offices. As of the announcement date, the timing for completion of the new facility had not yet been determined.[3]

While Kellogg is distinguished overall for its graduate business programs, its reputation is particularly notable in marketing. It has been consistently ranked as the leading program in marketing among graduate schools of business by Business Week and the Wall Street Journal, among others.

Kellogg's academic programs

Kellogg offers Full-Time MBA, Executive MBA, MMM (MBA + MEM), JD-MBA, and Part-Time MBA, programs, as well as non-degree Executive Education programs.

Part-Time MBA Programs

  • The standard Evening MBA offers degrees across 19 different areas of focus including (Accounting Information and Management, Analytical Consulting, Analytical Finance, Decision Sciences, Entrepreneurship and Innovation, Finance, Health Enterprise Management, Human Resources Management, International Business, Management and Organizations, Management and Strategy, Managerial Economics, Marketing, Marketing Management, Media Management, Operations Management, Real Estate Management, Social Enterprise at Kellogg, Technology Industry Management. In addition, the evening MBA offers experiential learning opportunities maximizing direct experiences.
  • Part-Time classes are held in downtown Chicago at 340 E. Superior Street.
  • Saturday Part-Time MBA program, a program begun June 2007 which is designed for students who do not live near Chicago or travel during the week for work.

The Executive MBA Program

The Executive MBA program consistently ranks as one of the worlds top EMBA programs and is offered as a joint degree with:

The PhD Program

In addition to its MBA programs, the school also offers a highly prestigious PhD program whose principal objective is to train candidates for academic positions in universities. Kellogg also offers a JD-PhD degree that enables doctoral students to earn a law degree and a PhD degree concurrently.

The MMM Program

The MMM Program is a dual-degree program for MBA and MEM (Master of Engineering Management) that integrates management, operations and design, from concept to execution. This program admits approximately sixty students each year. MMM students receive the Master of Business Administration from the Kellogg School of Management and the Master of Engineering Management from the McCormick School of Engineering and Applied Science at Northwestern University.

The JD-MBA Program

The JD-MBA Program is a dual-degree program administered by both Kellogg and the Northwestern University School of Law. The Northwestern JD-MBA program is completed in 3 years, as opposed to the four years required at most other institutions. Students graduate with both a Juris Doctor (JD) degree and a Master of Business Administration (MBA) degree. The program has a unique application process among JD-MBA programs, in that there is a single admissions application and the GMAT is required, but not the LSAT. The JD-MBA program enrolls, on average, 25 students per year.

Executive Education Programs

In addition to degree programs, the Kellogg School offers non-degree executive programs [4] covering an array of functional topics. Both open enrollment [5],custom [6] and longer form general management [7] programs are offered at the Kellogg executive education facility, the James L. Allen Center and at the Kellogg School's Miami campus [8].

Students and culture

Kellogg students are part of a culture that is famous for its emphasis on teamwork and leadership skills. Much of this reputation is driven by the School's operational model, which provides a plethora of opportunities for students to lead initiatives on behalf of the school. Many aspects of the school, from admissions decisions, to admitted students weekend, to orientation week, to the annual conferences and events that the school hosts, are organized and led by students.

Because student leadership is such an integral part of the school, Kellogg was the first business school in the world to insist that all applicants be interviewed to assess their leadership potential and suitability for the Kellogg School's cooperative environment. As a result, in addition to grades, GMAT scores, professional achievement, and demonstrated leadership, 'fit' is an important part of the admissions equation at Kellogg. Admitted students are expected to be high-achievers as well as team players, and to embrace the concept of 'co-opetition' (cooperation and competition). Kellogg graduates are reputed to be exceptional team leaders, and the school is particularly regarded for its spirited and collaborative culture that emphasizes business rigor and relevance, while also affording students a wide range of educational and social experiences designed to develop leadership and professional skill.

Full-time Kellogg students are grouped into 8 sections (commonly referred to as cohorts at other top business schools): the Poets, Cash Cows, Highlanders, Bucketheads, Bullfrogs, Big Dogs, Jive Turkeys and Moose. Sections socialize and engage in friendly competition during the first few weeks of Kellogg's orientation, called its Complete Immersion in Management (CIM). Most students also take first year core courses with their respective sections. Students completing their graduate studies in an extended 1-year program are designated as a ninth section, the Roadrunners.

All students enrolled in a course offered by the Kellogg School of Management agree to abide by the Kellogg Honor Code.

The students of the Kellogg School of Management regard honesty and integrity as qualities essential to the practice and profession of management. The purpose of the Kellogg Honor Code is to promote these qualities so that each student can fully develop his or her individual potential. Upon admission, each student makes an agreement with his or her fellow students to abide by the Kellogg Honor Code. Students who violate the Kellogg Honor Code violate this agreement and must accept the sanction(s) imposed by the Kellogg community.

Research and academics

Some of the Kellogg School's most prominent scholars and professors, past and present, include:

  • Philip Kotler,#4 management guru of all time as ranked by the Financial Times and renowned marketing scholar
  • Roger Myerson, winner of the 2007 Nobel Prize in Economics
  • Arthur Andersen, founder of the auditing firm bearing his name
  • Willard Eugene Hotchkiss, founding Dean of Kellogg who went on to act as founding Dean of Stanford University's Graduate School of Business
  • Bala Balachandran, one of the top management accountants alive, pioneered Activity Based Costing
  • Walter Scott, former Chairman of Diageo, CEO of Ameriprise Financial, CFO of the Pillsbury Company, and Associate Director for Economics and Government at the United States Office of Management and Budget
  • Mohan Sawhney, pioneer in the field of technology management, and one of the 25 most influential people in e-Business as ranked by Businessweek
  • Donald Jacobs, Dean Emeritus who led the school during its rise to national and international prominence from the 70s into the 90s.
  • Dipak C. Jain, former Dean and pioneer in quantitative marketing
  • Sunil Chopra, interim Dean and Distinguished Professor of Operations Management.
  • Louis Stern, the inventor of channel strategy
  • Mark Satterthwaite, world-renowned microeconomist.
  • Ravi Jagannathan, expert in asset pricing and investment management
  • Robert McDonald, author of Derivatives Markets, the textbook on derivatives taught at business schools around the world
  • Robert Korajczyk expert in asset pricing and investment management
  • Stephen Burnett, expert on executive education issues and general marketing topics
  • Richard Sandor, the "father of financial futures" and the CEO and Chairman of the Chicago Climate Exchange
  • Donald Haider, expert on intergovernmental relations, and the only individual to be named both a Congressional Fellow and a White House Fellow
  • Steven Rogers, professor of entrepreneruship and winner of the Entrepreneur of the Year Award (supporter category) by Ernst and Young
  • Andris Zoltners, pioneer in sales force strategy and founder of ZS Associates, a global management consulting firm specializing in sales and marketing strategy
  • Lynn M. Martin, Chair of the Council for the Advancement of Women
  • Sergio Rebelo, pioneer in the field of international finance and exchange rate theory
  • Sunil Chopra, world-renowned expert in supply chain management
  • Brian Uzzi, uses social network analysis and complexity theory to model creativity, innovation, and outstanding achievement in banking, law, science, and the arts
  • John Ward, expert in family-business issues, co-founder of the Family Business Consulting Group, author of several books on the subject, and winner of the Richard Beckhard Award for Distinguished Leadership in Family Business
  • Marvin Manheim, William A. Patterson Distinguished Professor of Transportation
  • Shane Greenstein, chair of the Management and Strategy Department from 2002 to 2005

Kellogg's research centers include:

  • The Accounting Research Center
  • The Center for Biotechnology
  • The Center for Business, Government and Society
  • The Center for Executive Women
  • The Center for Family Enterprises
  • The Center for Financial Institutions and Markets
  • The Center for Health Industry Market Economics
  • The Center for Mathematical Studies in Economics & Mathematical Science
  • The Center for Market Leadership.
  • The Center for Nonprofit Management
  • The Center for Operations & Supply Chain Management
  • The Center for Retail Management
  • The Center for Research on Strategic Alliances
  • The Center for Strategic Decision-Making
  • The Center for Research in Technology & Innovation
  • The Dispute Resolution Research Center
  • The Ford Motor Company Center for Global Citizenship
  • The General Motors Research Center for Strategy in Management
  • The Guthrie Center for Real Estate Research
  • The Heizer Center for Entrepreneurial Studies
  • The International Business Research Center
  • The Larry and Carol Levy Institute for Entrepreneurial Practice
  • The Kellogg Team & Group Research Center
  • The Zell Center for Risk Research.

All of Kellogg's professors perform both teaching and research. The school takes feedback from executives participating in Executive MBA and Part-time MBA programs into account in defining the curriculum of its Full-time MBA program. Most classes combine lectures on theory, discussion of case studies, as well as student group projects.

Global partnerships

Kellogg has built a network of partner schools around the world to increase collaboration across regions, create a global dialogue on important management topics, and provide an integrated global network for executive education. Partner schools include:

Alumni

Kellogg has over 50,000 alumni. Prominent alumni include:

Hedge Funds/Private Equity

  • Christopher Galvin, Chairman & co-Founder of Harrison Street Capital, LLC, former CEO of Motorola
  • Michael Gross, former Senior Partner and Founder, Apollo Management, a global private equity firm
  • Robert L. Berner III, Partner, CVC Capital Partners, a global private equity firm
  • T. Bondurant French, Founder and CEO of Adams Street Partners, one of the world's largest private equity fund-of-funds
  • Stephen G. Woodsum, Founder and Managing Partner of Summit Partners, one of the world's largest growth capital firms
  • David Kabiller, Founding Principal of AQR Capital Management, one of the world's largest hedge funds ($35 billion in assets)
  • Harry M. Jansen Kraemer, Jr., Executive Partner of Madison Dearborn Partners
  • Jack S. Levin, Senior Partner at Kirkland & Ellis, and author of Structuring Venture Capital, Private Equity, and Entrepreneurial Transactions and Mergers, Acquisitions, and Buyouts, textbooks that are taught at dozens of business schools and law schools
  • Jeffrey Ubben, Founding Member and Managing Partner of ValueAct Capital, Hedge Fund
  • Michael Haddad, Managing Director of Caxton Associates, a New York-based trading and investment firm
  • Thomas McAuley, former CEO/CIO North Sound Capital (closed), Hedge Fund

Professional Service

Financial Services

Venture Capital

Technology

Consumer Goods

Retail

Health care and biotechnology

Media, entertainment, and information services

Industry

Government

Academia

Non-profit

Rankings

Kellogg is consistently ranked among the top five business schools in the world. Recent historical rankings of the Kellogg School's MBA, Executive MBA, and Part-Time MBA in BusinessWeek, The Economist, Financial Times, Forbes, US News & World Report, Wall Street Journal and CNN Expansion are:

2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 1990 1989 1988
BusinessWeek (MBA) 3 3 3 1 1 1 1 2 2 2 2 3 3 2 2 1 1 1 1 1 1
BusinessWeek (EMBA) 1 1 1 1 1 1 1 1 1
Economist (MBA) 16 14 6 2 1 1 1
Financial Times (MBA) 21 24 19 17 11 11 13 10 12 10 11 13 11 9 8 11 8
Financial Times (EMBA*) 21 13 10 8 2 7
Forbes (MBA) 8 10 10 9 11 8 8 7 8 9
US News (MBA) 3 4 5 4 4 4 4 5 3 3 4 4 3 4 4 4 3 4 3 4 2 4
US News (EMBA) 1 3 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1
US News (Part-time) 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3
WSJ (MBA) 12 6 4 7 4 4 5
WSJ (EMBA) 1
CNN Expansion (MBA) 11 9 3
  • Two of the Kellogg School's other executive MBA programs are also highly ranked by the Financial Times. The School's Kellogg-HKUST program at the Hong Kong UST Business School is ranked No. 2 in the world, while the school's Kellogg-WHU program at WHU Business School in Germany is ranked No. 12 in the world.

Location and facilities

The Kellogg School's Full-Time and Executive MBA facilities are situated along the shores of Lake Michigan in Evanston, Illinois on Chicago's North Shore, while the school's Part-Time MBA program is housed on Northwestern's Downtown Chicago campus in Wieboldt Hall. Full-time and Executive students of the Kellogg School enjoy access to a private beach, extensive sports and aquatic facilities, bike paths, playing fields and a sailing and windsurfing center. The downtown campus is in the heart of Chicago, only a few blocks away from either Lake Michigan or Michigan Avenue, and conveniently located near the many Loop office buildings where its students work. In January 2006, Kellogg opened a new campus for its EMBA program for Latin American executives in Miami. Kellogg-Miami EMBA Program Executives fly in from all over Latin America and the United States for weekend courses. Regardless of location, the Kellogg School EMBA programs deliver the same exemplary content and traditional leadership and teamwork approach that had kept Kellogg consistently in the No. 1 position within EMBA rankings.

On November 11, 2009, Northwestern University announced plans to construct a new building to house the Kellogg Full-Time program. The new facility will be located on the northeast corner of the school's Evanston campus and the timing of its construction will depend upon fundraising efforts.

See also

References

Northwestern


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