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MIT Course Catalog 2014-2015

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MIT Sloan School of Management

The mission of the MIT Sloan School of Management is to develop principled, innovative leaders who improve the world and to generate ideas that advance management practice.

To accomplish this, the School

History

The MIT Sloan School grew out of a curriculum in engineering administration—Course 15—that was first offered to MIT undergraduates in 1914. A program leading to a master's degree in management was established in 1925. The world's first university-based executive education program, the Sloan Fellows Program, had its beginnings at MIT in 1931 under the principal sponsorship of Alfred P. Sloan, Jr., the 1895 MIT graduate in electrical engineering who rose to the top of the General Motors Corporation. Sloan endowed the pioneering program in 1938. In 1952, a further grant from the Sloan Foundation made possible the creation of the MIT School of Industrial Management—charged with the education of "the ideal manager." The School was renamed in honor of Mr. Sloan in 1964.

New Directions

MIT Sloan's array of top-ranked undergraduate, graduate, and executive programs are well known for drawing on the creative and collaborative approaches common to engineering, behavioral science, economics, and management science to give managers a competitive edge. In our diverse education and research programs, we work with industry to develop the basic knowledge, insights, tools, and techniques that are shaping the future of the practice of management.

Among MIT Sloan's key strengths are its exceptionally close ties with other world-class departments at MIT, especially in fields crucial to business, including economics, engineering, and science. One manifestation of this interdisciplinary approach is Leaders for Global Operations, an educational and research collaboration with the School of Engineering and industry partners that is transforming the practice of manufacturing and manufacturing education. Other examples include the medical innovations course, conducted in partnership with MIT Sloan, the School of Engineering, and doctors at Massachusetts General Hospital.

With a focus on the future of management, MIT Sloan has been aggressive in developing leading edge research programs that have an impact on the emerging practice of business. The School has been a leader in developing the concepts of financial engineering that underlie today's financial markets, for example. The Master of Finance, a 12-month intensive degree program designed to prepare students for careers in the financial industry, has quickly established itself as a premier and in-demand degree program.

MIT Sloan also recently launched the MIT Executive MBA. This is a rigorous 20-month executive schedule Master of Business Administration that builds on MIT Sloan's history of distinguished MBA programs and mid-career education.

Reflecting a world characterized by increasing economic globalization, MIT Sloan is itself an international community. Approximately one-third of the MBA class and close to half of all executive education participants come from outside the United States, and diverse research/educational collaborations have been developed with Europe, Mexico, and Asia. In addition, the School has a strong network of alumni in more than 100 countries.

As one of the world's preeminent management schools, MIT Sloan strives to prepare its students to be principled, innovative leaders in a rapidly changing world. In an increasingly competitive environment, MIT Sloan must continually listen to the marketplace, explore new directions, and use this knowledge to develop new products, services, and processes quickly and efficiently. To maintain its leadership, MIT Sloan continues to drive change and innovation in a number of areas:

Action Learning: MIT Sloan's signature experiential learning model immerses more students in more of the world's under-resourced locales to translate knowledge into useful solutions. Action learning builds resilient, thoughtful leaders capable of solving unstructured problems across business functions. Global Entrepreneurship Lab, Sustainable Business Lab, China Lab, and India Lab are just a few of the avenues through which students can apply classroom concepts and theory to real-world business scenarios.

Entrepreneurship. The Martin Trust Center for MIT Entrepreneurship provides the knowledge, support, and network necessary for MIT students to become successful entrepreneurs. The Trust Center has created entrepreneurship-focused courses and extracurricular programs, such as New Enterprises and the Founders’ Skills Accelerator, to provide students the knowledge and skills needed to turn an idea into a successful venture. The center is staffed by MIT lecturers and experienced practitioners who have conducted rigorous studies on entrepreneurship; students are further supported by a network of industry-leading mentors and provided the workspace and resources necessary for successful venture growth.

Global Initiatives. A top priority for MIT Sloan is to widen the international reach of its educational and research initiatives. MIT Sloan has collaborations with international MBA programs in China's Fudan, Tsinghua, and Lingnan universities. MIT Sloan also hosts university faculty from China, Turkey, Portugal, and Brazil for training in teaching and course development, and to work on research projects. In the last five years, MIT Sloan has engaged in new collaborations with The Lisbon MBA in Portugal, Sabanci University in Turkey, and Vale Institute of Technology in Brazil. The School also works with the Indian School of Business in India, Nanyang Technological University in Singapore, the Epoch Foundation in Taiwan, and currently has a special engagement with the Goldman Sachs 10,000 Women Project through the MIT Sloan—Yunnan University Women’s Entrepreneur Program in China.

Research Centers

MIT Sloan faculty actively participate in the following interdisciplinary research centers:

Center for Computational Research In Economics and Management Science
Center for Energy and Environmental Policy Research
Center for Information Systems Research
Joint Program on the Science and Policy of Global Change
Laboratory for Financial Engineering
Martin Trust Center for MIT Entrepreneurship
MIT Center for Collective Intelligence
MIT Center for Digital Business
MIT Computer Science and Artificial Intelligence Laboratory
MIT Energy Initiative
MIT Leadership Center
Operations Research Center
Virtual Customer Initiative

Information about these centers is available in the Interdisciplinary Research and Study section in Part 3 and on the MIT Sloan website, http://mitsloan.mit.edu/faculty/research/index.php.

Publications

MIT Sloan produces publications that enjoy robust readership within the MIT community, across the country, and around the world. MIT Sloan Management Review leads the discourse among academic researchers, business executives, and other influential thought leaders about advances in management practice that are transforming how people lead and innovate. MIT SMR disseminates new management research and innovative ideas so that thoughtful executives can capitalize on the opportunities generated by rapid organizational, technological, and societal change. It is accessible on any device at http://sloanreview.mit.edu/.

The alumni magazine MIT Sloan aims to connect alumni to the School and to one another through compelling news features, faculty articles, student and alumni profiles, and class notes.

In addition, MIT Sloan maintains a dynamic website, http://mitsloan.mit.edu/, that provides access to a rich and detailed range of news and information about the School, its activities, and its resources.

Office of the Dean

David C. Schmittlein, PhD
John C Head III Dean

S. P. Kothari, PhD
Gordon Y Billard Professor of Management
Professor of Accounting
Deputy Dean

Donna M. Behmer, MEd
Senior Associate Dean for Finance and Administration

Rochelle Weichman
Associate Dean for Executive Education

Kristina Gulick Schaefer
Associate Dean of External Relations

Fiona E. Murray, PhD
David Sarnoff Associate Professor of Management of Technology
Associate Professor of Technological Innovation, Entrepreneurship, and Strategic Management
Faculty Director, Martin Trust Center for MIT Entrepreneurship
Associate Dean for Innovation, MIT Sloan School of Management

Jacob Cohen
Senior Lecturer in Accounting and Law
Associate Dean for Undergraduate and Master's Programs

 

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