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FROM Krannert(Purdue) Admissions Blog: Krannert innovators impact global manufacturing |
Our focus at the Krannert School of Management is to integrate science, technology and engineering with a global business education. Combining these disciplines sparks innovative solutions to the world’s most difficult business problems. In no area has this collaboration had a bigger impact than in manufacturing. Krannert and manufacturing have a notable history and even more promising future together. The history goes back to 1962 when Industrial Management was the only undergraduate major offered by the new Krannert School at Purdue. The future includes innovations in global manufacturing practices from alumni, students and faculty. We are proud to count Dick Dauch and Lijun Du among our alumni leaders and innovators in manufacturing. Mr. Dauch played a key role in Chrysler Corporation’s revival in the early ’80s, and currently serves as executive chairman of American Axle & Manufacturing. He was inducted into the Manufacturing Hall of Fame in 2012. With decades of real-world experience to draw on, Mr. Dauch recently provided feedback to Krannert graduate students making end-of-semester presentations in Tom Brush’s “Challenges in U.S. Manufacturing” class. Students examined the reasons some automobile plants have closed and the reasons others are opening or expanding production in the southern U.S. or Mexico. The exercise focused on labor rates, labor flexibility, tax incentives, government location and training incentives in addition to production and supply chain factors. “It was just incredible to have Mr. Dauch participate and share his insights over 40 years, back to when he worked with Lee Iacocca, and also drawing on his experiences today at American Axle,” Professor Brush says. “The students were just blown away by the interaction.” Another Krannert alumni and the president of Nanshan America Co., Lijun Du knows that manufacturing and an educated workforce go hand-in-hand. It’s one of the factors that convinced Nanshan executives to build a plant in Lafayette, Indiana, close to the Purdue campus. Krannert alumni, faculty and students have been leaders in solving challenges and providing new directions for the manufacturing sector. We are proud to be the home of theDauch Center for the Management of Manufacturing Enterprises and Global Supply Chain Management Initiative, where talented faculty and students are finding innovative solutions to global supply chain problems. Advances in technology and logistics allow even the smallest operations in the most remote parts of the world to sell and ship goods. The firms that have the most strategically managed and effective global supply chains will be in the best position to enjoy sustained success. At Krannert, we will continue to innovate and improve manufacturing through more efficient and effective operations management practices. We salute our alumni, faculty and students who work on these challenges daily through research initiatives and in real-world circumstances. Warm Regards, Chris Earley Dean, Krannert School of Management |
FROM Krannert(Purdue) Admissions Blog: New majors, core curriculum, special programs make Krannert degree a great investment |
It’s an exciting time to be an incoming freshman at the Krannert School of Management. The class of 2017 will be our next generation of global business leaders, just like the Krannert alumni before them:
This fall we are implementing a number of changes to make a Krannert education an even better investment. Students may choose from three additional business majors being offered for the first time. They will study a new University-wide core curriculum, resulting in maximum program flexibility while improving the odds of earning a diploma in four years. And, if you’d like to pursue a master’s degree someday, why not take advantage of our 3+2 program, allowing you to earn a bachelor’s and MBA in just five years. You may also want to consider one of our new master’s degrees in Global Entrepreneurship or Global Supply Chain Management. Undergraduate programs First, let me tell you a little about our undergraduate programs of study. In addition to Accounting, Economics, Management, and BSIM (our program that combines management with science, engineering and technology), we now offer majors in Finance, Marketing and Supply Chain, Information & Analytics. There is a growing need for graduates in these areas and we are poised to leverage our curriculum and leadership programs to produce graduates with analytical insight and global impact. Krannert students can also earn concentrations in many topical areas such as international business or analytics. You can select majors and concentrations that apply specifically to the career you have envisioned. Core Curriculum The University-wide core curriculum simply means that undergraduate students in Krannert will follow a core program similar to students in technology, engineering, science, or any other college at Purdue. This ensures a solid educational foundation. It will also make transferring to a different college within Purdue easier for students who find their first choice of major isn’t a good fit. All Krannert bachelor’s degrees can be earned with 120 credit hours of coursework, with options to take additional credits as students discover the many eye-opening and intellectually-stimulating courses we offer. A degree can be earned in 4 years taking an average of 15 credit hours of classes per semester, a reasonable course load for any student meeting our rigorous academic standards. Bachelor’s & master’s in 5 years Want to fast-track your career? How about planning a 3+2 or 4+1 program? With Krannert’s 3+2 program you can complete BOTH your bachelor’s degree and MBA in five years. Our new specialized master’s degrees can combine with your bachelor’s degree for a 4+1 program. You could earn a master’s degree in Global Entrepreneurship (spending four months at Purdue, four months in France and four months in China). Or, consider our 4+1 program in Global Supply Chain Management (spending time at Purdue and possibly India, China or Mexico), or a 4+1 in Accounting or Finance! The options are numerous and one of the key advantages of coming to Purdue and Krannert. How about exploring the intersection of business and technology, engineering and science? With Purdue University’s Discovery Park and our specialty ELI (Experiential Learning Initiative) projects getting you in the field with Lean Launchpad and related entrepreneurial opportunities, you can find out firsthand what discovery and entrepreneurship really means! If you are an incoming freshman, congratulations on selecting a challenging and rewarding educational experience at Krannert. If you are a friend or alum, be sure to tell the high school students you know about the valuable educational opportunities awaiting them at Krannert. Warm Regards, Chris Earley Dean, Krannert School of Management |
FROM Krannert(Purdue) Admissions Blog: Student entrepreneurs and innovators launch startups at Purdue |
Purdue University is well known for its resources, competitions and programs focused on entrepreneurship. In fact, our strength in entrepreneurship was noted by Business Insider as one of the reasons Krannert was ranked No. 18 among the World’s Best Business Schools. Krannert students are exploring their own entrepreneurial ideas, founding startups and collaborating across campus and across the country on projects. Here are three examples of students who have been working on entrepreneurial projects this summer:
In addition, I have to mention three other outstanding programs for entrepreneurs:
Warm Regards, Chris Earley Dean, Krannert School of Management |
FROM Krannert(Purdue) Admissions Blog: New online master’s degree in economics teaches STEM students business acumen |
If you are looking for the next generation of global business leaders in STEM fields, you’ll find graduates of the Krannert School of Management at the front of the field. With the advantage of being part of a globally recognized research university, we are taking Purdue’s renowned Science, Technology, Engineering and Mathematics (STEM) programs and complementing them with business acumen. Although we have several programs that marry business with STEM, I’d like to talk about just one today, our new online master’s degree in economics . It is the first program of its kind offered by a university known for its strength in STEM, giving students with strong quantitative backgrounds insight into business, markets and government. Affordable and flexible The online program offers the same quality as our full-time campus program, with the same courses and Purdue professors teaching them:
First-year courses focus on economic theory and econometrics. Students then choose to concentrate in either applied economics/business, which develops decision-making skills for management and policy-making, or advanced economic theory, which readies students for entry into doctoral programs. Many have STEM bachelor’s degrees The first class, which began in August, includes 18 students with bachelor’s degrees in:
Students at Purdue already earning a minor in economics can take credit hours earned and apply them toward the 30 credits needed for the master’s degree. Most of the first-year courses can be completed during the senior year. Students may accept full-time positions upon graduating with a bachelor’s degree, then complete the remaining courses for their master’s as a part-time, online student. Option includes one-year residence For international students who want to study full-time in the U.S., a hybrid version is in the works, which would include a year of online study and a year on campus. The alternate version of the M.S. online will have a thesis option requiring residence on campus in the second year. I look forward to telling you more in future posts about other business programs we offer at Krannert which uniquely qualify our graduates to lead the next generation of STEM innovators. Warm Regards, Chris Earley Dean, Krannert School of Management |
FROM Krannert(Purdue) Admissions Blog: The timing is right for new STEM-rich business degree programs |
Last year the federal government spent approximately $4 billion on STEM education while at the same time we spent (as a nation) over $90 billion on BEER! Our industrial strength has been lagging in the world, our competitiveness is threatened and we are no longer as capable of inventing our own future. So what can we do to help turn this around? On November 4 I traveled to Chicago, accompanied by the Dean of Purdue’s College of Technology, Gary Bertloline, and Brian Precious, Associate Program Director for our MBA and MS Programs. We were in the Windy City for an exciting event, as Mayor Rahm Emanuel announced to a crowded room at the 1871 incubator Purdue’s plans to offer a Weekend MBA for STEM Professionals beginning in 2015. If you haven’t heard, STEM (Science-Technology-Engineering-Math…or “M” for Management given how quantitative we are!) is the big push across the nation to help the U.S.A. maintain global competitiveness. This unique program will transform engineers, technical experts, etc. into senior leaders in their companies. It has a unique STEM context – what does that mean? Imagine learning about business in an environment that fosters accelerated learning because you are sharing ideas with others who share common experiences, language and ways to approach problems. But not all engineers and technologists are carbon copies! So even with the context specific learning, there is great diversity of thinking among participants. The Chicago program, along with the one-year full-time MBA for STEM Professionals that will be offered in West Lafayette beginning in 2014, provide a perfect opportunity for the Krannert School to capitalize on Purdue’s core strengths as a STEM university. The programs will teach core business fundamentals to participants in a context that is relevant to their roles in technology-centered companies such as GE, UTC, Google, LinkedIn, etc. After they complete core requirements, students will have the ability to take integrated electives taught jointly by business and faculty members from other colleges on campus. In addition, they will have the opportunity to work in active-learning projects, some of which will be connected with Discovery Park on campus and the Purdue Research Park. Our Chicago program fits perfectly with the efforts of Mayor Emanuel and other leaders to create the “Silicon Prairie,” transforming the city into a vibrant hub of high-tech and entrepreneurial activity. Our new program is designed for technologists, engineers and scientists who have worked for several years in a technical field and are ready to make the transformation into becoming global business leaders. With an expected location near the West Loop, it will provide those future leaders with great networking opportunities in an exciting and entrepreneurial environment. Our proposed Chicago program is a “win-win” on several levels. It creates a new footprint for us in a key area with thousands of Purdue and Krannert School alumni. The program helps us distinguish ourselves from other business schools that do not have the capability to deliver such a technically contextualized business education. It also will help to enhance the educational opportunities in one of the country’s largest and most important cities, strengthening the Midwest, where many of our key employers are headquartered and do business. Mindful of our role in a state-supported land grant university, let me also point out that the program in Chicago will be self-funded. No general funding from the state will be used; in fact, revenue generated from the program will be used to enhance to education of Purdue students and offer outreach activities, including to those in the Chicago and Midwest region. According to a non-profit coalition called STEM Advantage, over the next decade, STEM-related job opportunities in the U.S. are expected to increase by about 17 percent. We need to be at the forefront of preparing individuals with technically based backgrounds to meet the growing demand and become leaders of these organizations. We are currently beginning recruitment efforts for our on-campus program, and will begin Chicago marketing efforts once appropriate faculty and state accreditation approvals have been received. The Krannert School was founded more than a half-century ago from technically based programs at Purdue. By returning to our true roots, and with the potential of our new MBA programs for STEM Professionals, we believe we will achieve a new level of excellence in global business education. Warm Regards, Chris Earley Dean, Krannert School of Management |
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