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November 2003 Vol. 5 No. 2
http://mitsloan.mit.edu
Periodic
statements
from theMIT Sloan School of Management
roi
 
The Next Revolution in Education
Curriculum Innovations: MBA, Exec Ed
POSITIONED FOR SUCCESS:
Deputy Dean Paul Osterman;Sean Brown, SM ’94The 2003 Philanthropy Report
271820
 
http://mitsloan.mit.edu/roi
Publisher:MITSloan Marketing and Communication OfficeEditor:Michelle M. Choate, Director of CommunicationContributors:Linda Jenkins, Riverside Communications;MichaelPerronePhotographer:Mark OstowPrinting:Quebecor World Eusey PressMIT Sloan
ROI 
, your Return on Investment in MIT Sloan, is a newspublication for the alumni, faculty, students, staff, corporate partners,and friends of the MIT Sloan School of Management.Send address changes and correspondence to MIT Sloan
ROI 
, MIT SloanSchool of Management, Marketing and Communication Office, E60-176,77 Massachusetts Avenue, Cambridge, Massachusetts 02139. Telephone617-253-7750; fax 617-258-6796; e-mail roi@sloan.mit.edu.Copyright
©
2003 Printed on 100% post-consumer waste paper
roi
Periodic
statements
from the MIT Sloan School of Management
CONTENTS
MITSLOAN’S MISSION
The mission of the MIT Sloan School of Management is todevelop principled, innovative leaders who improve the world andto generate ideas that advance management practice.
TO ACCOMPLISH THIS, WE
>Offer premier programs for shaping leaders who will create,redefine, and build cutting-edge products, services, markets,and organizations;> Collaborate across MIT to capitalize on and contributeto the Institute’s distinctive intellectual excellence andentrepreneurial culture;>Attract, develop, and retain outstanding faculty and staff who leadthe world in management education and research;>Enroll students with integrity, strong leadership potential, highaspirations, and exceptional intellectual ability; and> Foster a cooperative and adventurous learning community thatincludes alumni and business partners, works on importantproblems, and is based on mutual respect, rigorous analysis, andhigh ethical standards.
A Message from Dean Schmalensee
Innovative Spirit, revolutionary ideas
Innovations in Education
MBA Curriculum, New Sloan Fellows program
Relishing the Impact
Professor Paul Osterman assumes role asdeputy dean
Briefs
Student trips, Franco Modigliani
It May be Little, but it's the law
Institute Professor John D.C. Little looks back
Disclosure
Dean delivers, academic programs on parade
Globalization
David Berray memorial, alums honored, Alumni Job Board
You Get What You Give
Sean Brown, SM ’94 rejoins MIT Sloan
Philanthropy
Teamwork’s Rich Reward
 
THE 2003 PHILANTHROPY REPORT
Donor listVolunteer list
ONTHECOVER:
MBAstudents tackle one of the many compelling issues posed during SIP.
1271012151618202130
 
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       >       >
>INNOVATIVE SPIRIT, REVOLUTIONARY IDEAS
A MESSAGE FROM DEAN SCHMALENSEE
Dear Friends:
Here in Cambridge, we are coming off a great year, a year inwhich we decided to make fundamental, innovative changesin three of our core graduate programs. As the new academic year begins, we are in the midst of implementing thoseexciting changes — while we plan the next revolution ineducation at MIT Sloan.
(Stay tuned!!)
 As an integral part of MIT, we have always been home toan innovative spirit and revolutionary ideas. We prideourselves on affecting dramatic change in the practice of management. We at MIT Sloan don’t just adapt to survive; webreak new ground. We look to the future and aim to set thestandard to which others aspire. The results of MIT Sloanresearch are well known throughout the business world, but itis in the classroom where the kernels of great ideas begin andwhere great leaders are developed.This summer saw the debut of a revamped MBAcurriculum and the announcement of the MIT Sloan FellowsProgram in Innovation and Global Leadership. Both aretypically groundbreaking, and we expect both to set newstandards for the development of management leaders.The modified MBA curriculum is the fruit of a multi-year examination process of how MIT Sloan teaches its students. Itfeatures a revised core curriculum as well as the First-Year Challenge and the Sloan Innovative Period, two particularlyinnovative additions that will help create a distinctive identityfor the program and serve as platforms supporting another generation of educational innovation.In addition to a new curriculum, we welcome PaulOsterman as the new deputy dean in charge of the MBAprogram and faculty personnel. Paul is attempting to fill thelarge shoes of Gabriel Bitran, who has rejoined the faculty after five years of exceptional service. Paul, who is also the NanyangTechnological University Professor of Management, is workinghard to make the new curriculum live up to its great potential.
(For more on Paul, please see the profile on page 7.)
The new MIT Sloan Fellows Program in Innovation andGlobal Leadership is a strategic integration of MIT Sloan’s twodegree-granting executive education landmarks — the SloanFellows and Management of Technology programs. The newprogram, which will begin this coming June, is designed toprovide outstanding executives with the critical knowledgeand strategic skills to create and lead successful, innovativeorganizations. We are confident that, like its predecessors, thisprogram will set a new standard in executive education. We are very proud of these new initiatives and look forwardto the impact they will have on future MIT Sloan graduates, aswell as the business world. We will keep you posted.In other good news, Sean Brown, SM ’94, joins us as thenew director of Alumni Relations. An active alum whocurrently serves as a director of the MIT Sloan Club of Boston,Sean brings more than 12 years of entrepreneurial leadershipexperience to his new position. Welcome, Sean!
(For more onSean Brown, please see the profile on page 18.)
 As is appropriate for an
ROI 
that examines therevolutionary nature of MIT Sloan, this issue acknowledgesthe extraordinary (even by MIT standards!) accomplishmentsof Institute Professor John D.C. Little. One of our mostimportant innovators, John has developed models andmethods that have enhanced countless businesses andbenefited many millions of consumers.In this, our annual philanthropy report issue, we alsothank our dedicated alumni and friends for their manycontributions to MIT Sloan – contributions both financial andpersonal. Because tuition covers only about half the School'scosts, your continued support is vital to achieving our mission— “to develop principled, innovative leaders who improve theworld and to generate ideas that advance management practice.”In a time where business education is under fire — withEnron-like scandals and other lapses in corporate ethicsmaking regular news — MIT Sloan stands proudly behind our teaching programs and our alumni. Our alumnus John Reed’srecent appointment as interim head of the NYSE is anenormous source of pride. As we continue the work inprogress that is MIT Sloan, it is good to know that we are notonly better serving our students; we are better preparing our students to serve the world.Sincerely,
Richard Schmalensee
 John C Head III Dean
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