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Ross School of Business

 
Wikipedia: Ross School of Business
Stephen M. Ross School of Business
Ross School Logo.png
Motto Leading in Thought and Action
Established 1924
Type Public
Endowment $550 million (2009)
Dean Robert J. Dolan
Faculty 222
Undergraduates 1,070
Postgraduates 1,045
Location Ann Arbor, Michigan, USA
Campus Suburban, 10 acres (40,000 m²)
Website bus.umich.edu

The Stephen M. Ross School of Business is the business school of the University of Michigan in Ann Arbor.

It offers bachelor's, master's, and doctoral degrees, as well as an executive education program. Ross also offers dual degrees with the colleges and schools of urban planning, engineering, medicine, law, public policy, social work, education, nursing, information, music, and the School of Natural Resources and Environment (SNRE).

The Ross School of Business is consistently ranked as one of the top business schools in the world and prides itself in developing strong leaders for the global marketplace through its unique action-based learning approach. Ross has highly ranked Bachelor of Business Administration (BBA), MBA and Executive Education programs. Publications such as U.S. News & World Report, BusinessWeek, The Wall Street Journal, and the Financial Times have consistently ranked both the school's undergraduate and professional programs highly, often as one of the top five in the U.S. In the year 2006 The Wall Street Journal ranked the MBA program #1 overall; in 2008 BusinessWeek ranked the MBA program #5 overall, while U.S. News & World Report ranked its undergraduate program #3 overall.

Contents

History

The school was founded in 1924.

Since Robert J. Dolan was named dean in 2001, Ross has attained a more cohesive identity. While the Master of Business Administration (MBA) program has traditionally emphasized practical experience, Dolan made it a central point in the school's effort to market itself to MBA candidates and recruiters. The approach earned the school the #1 ranking in the Wall Street Journal's 2006 and 2004 list of MBA programs (which are based on feedback from employers on which MBA program's students they would be most likely to rehire), #8 in The Economist, #5 in the BusinessWeek, and #11 in the U.S. News & World Report rankings in 2006 (the latter three publications' rankings are based on a variety of criteria including reputation among academics, etc.). The school's BBA program is widely regarded as one of the best in the United States, having ranked within the top three of U.S. News & World Report rankings every year since since the ranking's inception. In 2005, the school introduced a 3-year version of the previously 2-year undergraduate program; the latter has since been phased out and candidates now apply as seniors in high school or during their freshman year at university, then commence their business studies in the sophomore year of college.

The school was renamed in 2004 after alumnus Stephen M. Ross who donated $100 million to the school. At the time of the donation, this was the largest gift ever to an U.S. business school, and the largest ever to the University of Michigan. The school has also raised money for a campus overhaul. It has demolished 180,000 square feet (16,000 m²) of existing building space, and has renovated or added 270,000 square feet (25,000 m²).[1]

Facilities and institutes

Much of the business school is located on the University of Michigan's Central Campus adjacent to the School of Education and Law School. Its buildings are connected with each other, in some cases through skyways. With a major campus overhaul underway, the Executive Education programs are located at the Michigan Information Technology Center (MITC) near the university's Wolverine Tower office building in southern Ann Arbor.

New York City real estate developer Stephen M. Ross (BBA '62) gave a gift of $100 million to the business school, the second largest donation ever to a U.S. business school (after David Booth's $300 million donation to the University of Chicago Booth School of Business) and the largest gift to the University in its 187-year history. In recognition of the power of the gift to elevate the school’s aspirations and realize its ambitious vision, the Board of Regents met in special session on September 9, 2004, to rename the school the Stephen M. Ross School of Business.

The Kresge Library's collection includes about 145,000 volumes and 3000 journals as well as microfilms, working papers, and company files. The school's John R. and Georgene M. Tozzi Electronic Business and Finance Center has a trading floor classroom that is linked to the New York Stock Exchange.

The William Davidson Institute

The William Davidson Institute (WDI) is a not-for-profit, independent, research and educational institute dedicated to creating, aggregating, and disseminating intellectual capital on business and policy issues in emerging markets. It provides a forum for business leaders and public policy makers to discuss issues affecting the environment in which these companies operate.

WDI was created in 1992 when Guardian Industries Corp. made a major financial commitment over a 20-year period to establish an institute at the University of Michigan Business School and was named in honor of Guardian Industries' chairman, president and CEO William Davidson.

WDI supports international activity at the University of Michigan by funding research, hosting visiting scholars, organizing seminars and speaker series, and sponsoring summer internships. In the past thirteen years, more than 1,800 MBA students have participated in more than 450 international projects.

The Erb Institute for Global Sustainable Enterprise

Created in 1996 by a donation from Frederick A. Erb (BBA ’47) and his wife, Barbara, the Erb Institute for Global Sustainable Enterprise is a partnership between the Stephen M. Ross School of Business and the School of Natural Resources and Environment (SNRE) to support professional education, public outreach and scientific scholarship supportive of the transition to sustainability. The core educational activity of the Institute is the MBA/MS Program, wherein students earn a Master of Business Administration from the Ross School and a Master of Science from SNRE.

The Frankel Commercialization Fund

The Frankel Commercialization Fund (FCF) is a “pre-seed” investment fund made possible by Stanley Frankel.

The goals of the FCF are to:

  • Accelerate the commercialization of research and ideas generated within the University community.
  • Create a financially self-sustainable process of research commercialization, by which successful past investments will provide the funds needed to make new ones.
  • Provide a stimulating, hands-on educational experience for students, thus reinforcing the Ross School of Business’ commitment to action-based learning.
  • Build excitement within the University community about the prospects of research commercialization.

The Fund is made up of Ross MBA students (“Frankel Fellows”) selected because of their domain knowledge of the health care or technology industries and their experience and interest in early-stage company formation. The Frankel Fellows are divided into two teams, one specializing in health care investments and the other on technology investments.

The Thomas C. Jones Endowment for BBA Education

In 2005, alumnus Thomas C. Jones donated $10 million to help undergraduates to experience programs usually provided only to MBA students. The gift established the Thomas C. Jones Center for BBA Education, which aims to help students apply classroom theory, incorporate liberal arts, and teach leadership.

The Joel D. Tauber Institute for Global Operations

Joel D. Tauber donated $5 million in 1995 to establish the Joel D. Tauber Manufacturing Institute, which trains graduate students in engineering and business management. The program is run jointly with the University's College of Engineering, through the department of Industrial and Operations Engineering (IOE). In 2007, the Institute was renamed.

The Zell-Lurie Institute

In 1999, a $10 million donation from Samuel Zell and Ann Lurie on behalf of her husband Robert. established the Samuel Zell & Robert H. Lurie Institute for Entrepreneurial Studies at the Business School.

Institute students run the Wolverine Venture Fund, the oldest such U.S. venture, which earned $1 million when IntraLase Corp., a U-M spin-off technology company, went public.[2]

The Wolverine Venture Fund

The Wolverine Venture Fund (WVF) is a multi-million dollar venture capital fund operated directly out of the Ross School of Business at the University of Michigan. The Fund invests with the active involvement of MBA students, faculty assistance, and an advisory board composed of professional venture capitalists and entrepreneurs. The WVF invests primarily in early-stage, emerging growth companies. The Fund typically provides $50,000 to $200,000 in seed and first-stage funding rounds in syndication with other venture capital funds and angel investors.

The WVF is the largest, most active University-based venture fund of its type in the country. The Fund's contributions have been featured in numerous professional publications, including Business Week.[citation needed]

Research centers

Student life

Students publish their own newspaper called the Monroe Street Journal, named after the main street leading to the school entrance. The school is also home to The Michigan Journal of Business, the first undergraduate-level academic journal in the field of business.

Endowed chairs

As of 2009, 50 faculty members hold endowed chairs in their respective disciplines.

  • Hyun-Soo Ahn, Sanford R. Robertson Assistant Professor in Business Administration; Assistant Professor of Operations and Management Science
  • Eugene W. Anderson, D. Maynard Phelps Collegiate Professor of Business Administration
  • Gautam Ahuja, Harvey C. Fruehauf Professor of Business Administration; Professor of Strategy; Chair of Strategy
  • Ravi M. Anupindi, Michael R. and Mary Kay Hallman Fellow & Associate Professor of Operations and Management Science
  • Susan J. Ashford, Michael and Susan Jandernoa Professor of Business Administration; Professor of Management and Organizations
  • Rajeev Batra Sebastian S. Kresge Professor of Marketing & Director of Yaffe Center for Persuasive Communication
  • Kim Cameron "William Russell Kelly Professor of Management and Organizations". He is a co-founder of the Center for Positive Organizational Scholarship at Ross and focuses his research on organizational downsizing,organizational effectiveness, corporate quality culture, and the development of leadership excellence.
  • Dennis R. Capozza Professor of Finance and Real Estate and Dykema Professor of Business Administration
  • Gerald Davis Wilbur K. Pierpont Collegiate Professor of Management; Professor of Management and Organizations
  • Izak Duenyas John Psarouthakis Professor of Manufacturing Management; Professor of Operations and Management Science; Professor of Industrial and Operations Engineering
  • Jane E. Dutton William Russell Kelly Professor of Business Administration; Professor of Management and Organizations; Professor of Psychology; Chair of Management and Organizations
  • Fred Feinberg Michael R. and Mary Kay Hallman Fellow & Professor of Marketing
  • Claes G. Fornell Donald C. Cook Professor of Business Administration, Professor of Marketing, & Director of National Quality Research Center
  • Thomas Neil Gladwin Max McGraw Professor of Sustainable Enterprise; Professor of Strategy; Professor of Natural Resources and Environment; Erb Institute Associate Director
  • David Hess, Bank One Corporation Assistant Professor of Business Administration; Assistant Professor of Business Law
  • Andrew J. Hoffman Holcim (US) Professor of Sustainable Enterprise; Associate Professor of Management and Organizations; Associate Professor of Natural Resources and Environment; Erb Institute Associate Director
  • Eugene A. Imhoff, Ernst & Young Professor of Accounting
  • Raffi Indjejikian Robert L. Dixon Collegiate Professor of Accounting
  • Gautam Kaul, John C. and Sally S. Morley Professor of Finance
  • Robert E. Kennedy, The Tom Lantos [2]Professor of Business Administration
  • E. Han Kim, Fred M. Taylor Professor of Business Administration; Director, Mitsui Life Financial Research Center and East Asia Management Development Center; Professor of Finance and International Business
  • Thomas C. Kinnear, Eugene Applebaum Professor of Entrepreneurial Studies & Professor of Marketing;Director Samuel Zell and Robert H. Lurie Institute for Entrepreneurial Studies
  • Aradhna Krishna, Isadore and Leon Winkelman Professor of Retail Marketing and Professor of Marketing
  • M.S. Krishnan, Michael R. and Mary Kay Hallman Fellow & Professor of Business Information Technology; Chair of Business Information Technology
  • Francine Lafontaine, Jack D. Sparks - Whirlpool Corporation Research Professor of Business Administration; Professor of Business Economics and Public Policy; Professor of Economics, LSA, Chair of Business Economics.
  • Kenneth G. Lieberthal, William Davidson Professor of Business Administration; Arthur F. Thurnau Professor of Political Science; Distinguished Fellow of the William Davidson Institute
  • Bill Lovejoy, Raymond T. Perring Family Professor of Business Administration & Professor of Operations and Management Science; Chair of Operations and Management Science
  • Thomas P. Lyon, Dow Professor of Sustainable Science, Technology and Commerce; Professor of Business Economics; Professor of Natural Resources; Erb Institute Director
  • Paul W. McCracken, Edmund Ezra Day Distinguished University Professor Emeritus of Business Administration, Economics and Public Policy
  • Scott A. Moore, Arthur F. Thurnau Professor; BBA Program Director; Associate Professor of Business Information Technology
  • M.P. Narayanan the "Robert Morrison Hoffer Professor of Business Administration"
  • Judy S. Olson Professor of Business Information Technology; Professor of Psychology; Richard W. Pew Collegiate Professor of Human-Computer Interaction, School of Information
  • C.K. Prahalad, Paul and Ruth McCracken Distinguished University Professor of Corporate Strategy
  • Robert E. Quinn, Margaret Elliott Tracy Collegiate Professor in Business Administration & Professor of Management and Organizations
  • Cindy A. Schipani, Merwin H. Waterman Collegiate Professor of Business Administration; Professor of Business Law; Chair of Law, History and Communication
  • Dennis G. Severance, Accenture Professor of Business Information Technology
  • H. Nejat Seyhun, The Jerome B. & Eilene M. York Professor of Business Administration; Professor of Finance
  • George J. Siedel, Williamson Family Professor of Business Administration & Thurnau Professor of Business Law
  • Joel Slemrod, Paul W. McCracken Collegiate Professor of Business Economics and Public Policy; Professor of Economics
  • Richard G. Sloan, Victor L. Bernard PriceWaterhouseCoopers Collegiate Professor of Accounting & Professor of Accounting and Finance, Director, Financial Research and Trading Center
  • Kathleen M. Sutcliffe, Associate Dean for Faculty Development and Research; Gilbert and Ruth Whitaker Professor of Business Administration; Professor of Management and Organizations
  • W. Allen Spivey, C. E. Griffin Distinguished Professor Emeritus of Business Administration & Professor Emeritus of Statistics
  • The Michael J. Stark (BUS: MBA 1980) Professorship in Finance
  • Jan Švejnar, Everett E. Berg Professor of Business Administration; Professor Business Economics and Public Policy; Professor of Public Policy, Gerald R. Ford School of Public Policy
  • F. Brian Talbot, David B. Hermelin Professor of Business Administration and Professor of Operations and Management Science
  • James P. Walsh, Gerald and Esther Carey Professor of Business Administration, Professor of Management and Organizations, Professor of Strategy
  • Karl E. Weick, Rensis Likert Distinguished University Professor of Organizational Behavior and Psychology, Professor of Psychology
  • Janet A. Weiss Dean, Rackham Graduate School; Vice Provost for Academic Affairs; Mary C. Bromage Collegiate Professor of Business Administration; Professor of Public Policy
  • James Westphal, Robert G. Rodkey Collegiate Professor of Business Administration; Professor of Strategy
  • Martin B Zimmerman, Ford Motor Company Clinical Professor of Business Administration

Rankings

Some recent rankings for the Ross School:

2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992
BusinessWeek(MBA) 5 5 6 8 6 4 2 6 5
BusinessWeek(BBA) 4 6 5 6
BusinessWeek(EMBA) 4 4 3 3 2 2
US News(MBA) 13 12 11 11 10
US News(BBA) 4 3 3 3 3
The Wall Street Journal(MBA) 7 1 2 1 3 2 4
Forbes(Part-Time MBA) 7 7 5

Notable alumni

Activists

Advertising and marketing

Arts and entertainment

Asset management

  • J. Michael Davis (BUS: MBA 1993) - President and CEO National City Bank of Michigan
  • Mark Hannah (BUS: MBA 1963), President, Tiffany Investment Corp.
  • David Love (BUS: BBA 1967), President, Monmouth Capital Management
  • Kimberly Walker (BUS: MBA 1984), President, Qwest Asset Management Co.

Athletics

Banking

Billionaires

Consulting/accounting

  • John Fox (BUS: MBA 1967) - Retired Vice Chairman and Global Director Deloitte Consulting
  • Gary Hamel (BUS: MBA PhD 1990) - Co-Author The Core Competence of the Corporation.

Educators

Philanthropist

  • Stanley Frankel (AB 1963; BUS: MBA 1964). University of Michigan and Ross School Benefactor.

Federal Reserve/FDIC/OCC/Treasury

Government

Healthcare

  • Ragavendra R Baliga (BUS: MBA 2004) - Director of Cardiology, Ohio State University Hospital East and Co-Founder, NextServices
  • Robert Fischer (BUS: MBA 1966), President and CEO, Northwest Hospital

Industrials

Internet/software/hardware

Mergers, acquisitions, turn-arounds

Not-for-profit

Real estate

Venture capital

Current and former professors

Institutional milestones

  • 1924, the Michigan Alumnus newspaper announced the creation of the School of Business Administration. The Regents designated Tappan Hall as the new school’s permanent home, where it remained for 25 years.
  • 1926 The first 12 MBA degrees are granted
  • 1935 The first Ph.D. degree is conferred
  • 1942 The BBA program is established
  • 1944 Russell A. Stevenson is appointed dean and makes plans for a new building.
  • 1945 Enrollment increases to 366 with more than 83 percent veterans.
  • 1947 Cornerstone laid for the new $2.5 million structure. Enrollment reaches 1,081 with 340 graduate students, making Michigan one of the largest MBA programs in the nation.
  • 1950s First executive education programs launched.
  • 1958 Chapter of the National Women’s Business Association established.
  • 1960 Floyd A. Bond is appointed dean
  • 1967 Dean Bond begins a fundraising campaign for the Assembly Hall, starting with a pledge from alumnus Clayton G. Hale and other private donors.
  • 1971 Groundbreaking for the new Assembly Hall, which includes the 450-seat Hale Auditorium, Executive Board Room and D. Maynard Phelps Lounge.
  • 1976 The 14,000-square-foot (1,300 m2) William A. Paton Accounting Center is completed.
  • 1979 Gilbert R. Whitaker is appointed dean and begins to expand what grows to be 17 joint programs. He also sets goals of doubling charitable revenues.
  • 1982 $15 million Capital Campaign approved. With nearly $3 million in gifts from the Kresge Foundation, construction on the new Business Administration Library and the Executive Education Center begins along East University Avenue.
  • 1990 B. Joseph White is appointed dean and implements strategies to retain traditional strengths while making a new commitment to innovation and continuous improvement. The Executive Education Program is ranked #1 by Business Week
  • 1992 William Davidson donates $30 million, the largest gift ever associated with the University and the Business School, to establish the William Davidson Institute. Mr. Davidson's cumulative gifts to the university exceed $55 million
  • 1995 Joel D. Tauber donates $5 million to the Michigan Joint Manufacturing Initiative, a joint program between business and engineering to form the Tauber Manufacturing Institute.
  • 1996 Frederick A. and Barbara M. Erb contribute $5 million to create the Erb Environmental Management Institute.
  • 1997 Alumnus Sam Wyly donates $10 million for expanded executive education facilities at the corner of Hill Street and East University Avenue.
  • 1999 Frederick A. and Barbara M. Erb contribute $5 million to the previously established Erb Environmental Management Institute.
  • 1999 Samuel Zell and Ann Lurie donate $10 million to establish the Zell Lurie Institute for Entrepreneurial Studies.
  • 2000 Keith E and Valerie J. Alessi Courtyard dedicated.
  • 2001 Robert J. Dolan is named dean and works to expand the school’s capability to combine scholarly theory with practical application. A commitment to action-based learning shapes all aspects of the school’s educational offerings and a new strategic positioning statement—“Leading in thought and action” —headlines the school’s updated graphic identity.
  • 2003 John R. and Georgene M. Tozzi Electronic Business and Finance Center opens, a $2 million, 5,800-square-foot (540 m2) state-of-the-art learning facility that uses wireless technology to support action-based learning.
  • 2004 Alumnus Stephen M. Ross makes history donating $100 million, $75 million of which is earmarked for a new building and $25 million of which is earmarked for the permanent endowment. In recognition of the power of the gift to elevate the school’s aspirations and realize its ambitious vision, the Board of Regents renames the school the Stephen M. Ross School of Business at the University of Michigan. Mr. Ross' cumulative gifts to the university exceed $110 million.
  • 2005 Frederick A. and Barbara M. Erb contribute an additional $10 million to the Erb Institute, bringing their cumulative gifts to the Institute to $20 million. The name of the institute is formally changed to the Erb Institute for Global Sustainable Enterprise.
  • 2005 Architects and a group of 85 faculty, staff, students, directors and deans collaborate on the design of new facilities. In October, the Regents approve the design for the new $145 million building.
  • 2005 Thomas C. Jones donates $10 million to the U-M's Stephen M. Ross School of Business to make it possible for undergraduates to experience many of the programs usually provided only to MBA students. The gift will establish the Thomas C. Jones Center for BBA Education, which will offer more opportunities for students to apply classroom theory to real business situations, incorporate liberal arts into the business curriculum and develop leadership skills.
  • 2006 Components of the old campus are razed by summer's end. As of year-end 2006, the bulk of the foundation for the new building has been poured and several floors have been partially framed in with structural steel.
  • 2007 A new Master of Supply Chain Management (MSCM) program is announced with an inception date of January 2008. The inaugural class is matriculated Aug. 1, 2007.

See also

References

  1. ^ The demolition and renovation webcam may be found here: Ross School Renovation Webcam or here Renovation webcam (Java required)
  2. ^ [1]
  3. ^ Forbes 400.

External links


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