MIT Sloan School of Management - Definition and Overview

Mission	To develop principled, innovative leaders who improve the world and to generate ideas that advance management practice.
Established	1914
Official name	Alfred P. Sloan School of Management
University	Massachusetts Institute of Technology
School type	Private
Dean	Richard L. Schmalensee
Location	Cambridge, MA, USA
Enrollment	976 graduate, 263 undergraduate

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The Sloan School of Management, one of the five schools of MIT, is a leading business school. Its faculty has conducted some of the seminal research in business and management theory, yielding several Nobel prizes. Sloan alumni include many leaders in business and government, including the Secretary General of the United Nations, the former Prime Minister of Israel, the Chairman of the New York Stock Exchange, and the CEO of Ford Motor Company.

Contents

1 About the Sloan School 2 History 3 Deans 4 Prominent faculty 5 Famous alumni 6 External link

About the Sloan School

The Sloan School MBA program matriculates students from more than 60 countries. It also offers the widest range of electives (174) and according to US News, is ranked #1 in more disciplines than any other business school in the United States.

In addition to its professional programs, the Sloan School also offers a Ph.D. program aimed at preparing doctoral students for roles in business academia.

Sloan is home to a number of research centers, including the MIT Entrepreneurship Center (http://entrepreneurship.mit.edu), the Financial Engineering Lab (http://mitsloan.mit.edu/faculty/c-financial.php), the Center for eBusiness (http://ebusiness.mit.edu), the System Dynamics Group (http://sysdyn.clexchange.org/), the Operations Management Group (http://mitsloan.mit.edu/faculty/c-opmanagement.php), and the Center for Innovation in Product Development (http://mitsloan.mit.edu/faculty/c-innovation.php). It also publishes the peer-reviewed management journal, MIT Sloan Management Review.

History

The Sloan School began in 1914 as the engineering administration curriculum (or "Course XV" in the MIT parlance) in the MIT Department of Economics and Statistics. The scope and depth of this educational focus have grown steadily in response to advances in the theory and practice of management to today’s broad-based management school. A program offering a master’s degree in management was established in 1925. The world’s first university-based executive education program - the Sloan Fellows - was created in 1931 under the sponsorship of Alfred P. Sloan, Jr., himself an 1895 MIT graduate, who was chairman of General Motors and has since been credited with creating the modern corporation. A Sloan Foundation grant established the MIT School of Industrial Management in 1952 with the charge of educating the "ideal manager", and the school was renamed in Sloan's honor.

Deans

• Erwin Schell, 1930-1951 (Head of the Department of Business and Engineering)
• Edward Pennell Brooks, 1951-1959
• Howard W. Johnson, 1959-1966
• William F. Pounds, 1966-1980
• Abraham J. Siegel, 1980-1987
• Lester Thurow, 1987-1993
• Glen L. Urban, 1993-1998
• Richard L. Schmalensee, 1998-present

Prominent faculty

Current and former faculty members include:

• Paul Samuelson, first American Nobel Laureate in Economics
• Franco Modigliani, Nobel Laureate in Economics
• Robert Solow, Nobel Laureate in Economics
• Robert C. Merton, Nobel Laureate in Economics
• Myron S. Scholes, Nobel Laureate in Economics
• John Little, MIT Institute Professor, founder of marketing science
• John R. Hauser, MIT, co-founder of Applied Marketing Science
• Peter Senge, author of "The Fifth Discipline", ranked by Fortune as one of the top management gurus
• Jay W. Forrester, founder of System Dynamics
• Douglas McGregor, creator of "Theory X and Theory Y"
• Edgar Schein, inventor of the term "corporate culture"
• Jerry A. Hausman, Economist, John Bates Clark Medal recipient
• Stewart Myers, author of "Principles of Corporate Finance"
• John C. Cox, author of "Options Markets"
• Thomas W. Malone, author of "The Future of Work"
• Eric von Hippel, researcher on user innovation
• Thomas J. Allen expert on communication within firms, creator of the Allen Curve
• Michael A. Cusumano, author of "Competing on Internet Time"

Famous alumni

• Kofi Annan, UN Secretary-General, Nobel Laureate in Peace
• Benjamin Netanyahu, former Prime Minister of Israel
• Carly Fiorina, CEO, Hewlett Packard (ranked the most powerful woman in business)
• William C. Ford, CEO, Ford Motor Company
• John S. Reed, Chairman of the New York Stock Exchange; Former CEO, Citigroup
• Daniel Carp, CEO, Kodak
• Mitch Kapor, Founder and former CEO, Lotus Development (designed Lotus 1-2-3)
• Robert Metcalfe, Founder and former CEO, 3Com (inventor of Ethernet)
• John E. Potter, United States Postmaster General
• F. Duane Ackerman, CEO, BellSouth
• John W. Thompson, CEO, Symantec
• Philip Condit, CEO, Boeing
• Keiji Tachikawa, CEO, NTT DoCoMo
• Justin Jaschke, CEO, Verio
• Carl Yankowski, CEO, Palm Computing
• Gerhard Schulmeyer, CEO, Siemens Corporation
• Joseph Nacchio, CEO, Qwest Corporation
• James Foster, CEO, Charles River Laboratories
• Martha Samuelson, CEO, Analysis Group
• Ron Williams, President, Aetna
• William A. Porter, Founder, E*Trade
• James R. Killian, former President of MIT
• Thomas Gerrity, Dean, Wharton School of Business
• Henry Mintzberg, International management guru

External link

• MIT Sloan School of Management (http://mitsloan.mit.edu)