Professional Documents
Culture Documents
Pursuing Innovation:
Challenges and Opportunities
Tuesday, February 8, 2005
10:30 a.m. - Noon
Panelists
• Patricia Greene, Dean, Undergraduate School, Babson
College
• Anne McCarthy, Dean, Merrick School of Business
University of Baltimore
• Mark Rice, Dean, F. W. Olin Graduate School of Business,
Babson College
1
THE OPPORTUNITY
2
THE SITUATION
4
CHALLENGES
5
OUTCOMES
6
KEY INSIGHTS
8
The Situation
• Information Technology was one of the 3 key areas for
the business school in the 1990s
9
Challenges
• Four budget cuts by the State of Maryland in my first
year – resources were extremely scarce
• MIS faculty members were resistant to the idea
• Increased emphasis on research productivity for
AACSB reaffirmation in two years – so faculty were
feeling stretched
• New president, new dean – how long are these people
really going to be around?
10
Outcomes
• Received the $4M gift from PeopleSoft for the 4 basic
modules; next year received an additional gift of
$400,000 for the advanced financial module
• ERP concepts are being taught using PeopleSoft in
HR, finance, accounting and MIS
• New MIS course – online – this semester looking at
the integration of several modules
• HR director at GE recently contacted us about
internships & employment for students familiar with
the HR component
11
Key Insights
• Faculty champions make the difference
• Faculty training is critical even when resources are
scarce
• Clinical instructors are often the most innovative
• Don’t rely on campus technology office – need to
create own shop
• Communicate with students! Not just faculty.
• Make the president look good
12
THE OPPORTUNITY
13
THE SITUATION
14
Dean’s Venture Capital Fund
15
CHALLENGES
16
OUTCOMES (Current State)
17
KEY INSIGHTS
18