Category Archives: School News
November 19, 2015
The Robert and Myra Kraft Family Foundation has pledged $20 million to Harvard Business School to create the Kraft Endowment for Advancing Precision Medicine, the school announced this week. The pledge, which is part of …
The Robert and Myra Kraft Family Foundation has pledged $20 million to Harvard Business School to create the Kraft Endowment for Advancing Precision Medicine, the school announced this week. The pledge, which is part of Harvard University’s $6.5 billion capital campaign, was announced at the Partners Precision Medicine Conference yesterday at Harvard Medical School, with foundation president Robert Kraft in attendance.
The Kraft Endowment will be used to support research and other activities that advance the field of precision medicine. Precision medicine is a growing movement in patient care that allows scientists and physicians to use genomic and other information to understand a disease based on its biological mechanisms and to precisely diagnose and develop tailored treatments.
The growth of the industry is hampered by gaps that exist between scientific discoveries and the development and commercialization of medical solutions for public benefit. The rising cost of clinical trials and a lack of collaboration among scientists, the pharmaceutical industry and investors also hinder growth.
Harvard Business School will collaborate with the Broad Institute, a pioneer in precision medicine, and others in Boston, to find ways to accelerate breakthroughs and advance commercialization of precision medicine by harnessing the energy and ideas of the medical, science and entrepreneurial communities in the city.
Myra Kraft, the wife of Robert and mother of Jonathan (MBA 1990), Daniel, Joshua (EdM 1993), and David (MBA 1999), died of ovarian cancer in 2011. Through her illness, the Kraft family came to understand firsthand the promise of precision medicine.
“At heart, many of the challenges facing the advancement of precision medicine today are business challenges,” says HBS Dean Nitin Nohria. “We are honored that the Krafts, who epitomize Harvard Business School’s mission of educating leaders who make a difference in the world, see the potential for HBS to work with world-class organizations like the Broad to develop innovative and integrative new models — from organizational structures to collaborative data centers — that will position Boston at the epicenter of this arena in the future. The endowment is a wonderful and fitting tribute to Myra Kraft, who throughout her life devoted herself to helping others.”
To learn more about this gift, and the upcoming initial research pilots designed to accelerate the discovery and trials process, please click here.
November 5, 2015
Earlier this week, Jennifer Barba, Associate Director of Admissions at MIT Sloan School of Management, posted a video describing what applicants can expect during their MBA interview. As a reminder, the school has introduced a …
Earlier this week, Jennifer Barba, Associate Director of Admissions at MIT Sloan School of Management, posted a video describing what applicants can expect during their MBA interview.
As a reminder, the school has introduced a second short-answer question this year, which is only for students invited to interview and must be completed prior to the interview. The question is:
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. Please share with us something about your past that aligns with this mission. (250 words or fewer)
At the interview, which usually lasts 30-45 minutes, Barba says applicants will meet with a professional member of the admissions committee whether they interview on the road or on campus. The conversation will kick off with a few clarifying questions based on data from your application, followed by three or four behavioral questions about your past experiences.
Barba says this type of question could cover something like, “Tell me about a situation where you had a difficult interaction with a team member.” You can then expect several followup questions based on your response, as well as time at the end to ask questions of your own.
To prepare for the interview, Barba suggests applicants come prepared to talk about things they haven’t already shared in their application. Also, come with questions that are different, or more thoughtful, than what you can easily find on the website FAQs. Show that you’ve really done your research on MIT Sloan, because the admissions team is trying to assess your fit and see how much you really want to be there.
As always, dress professionally and be mindful that the AdCom is paying attention to every interaction you have with the school, from your application to the day of your interview, to the thank-you note you send afterward, and all of it will help Sloan evaluate your fit with the school.
Invitations to interview will continue to be released until next week, at which time all R1 applicants will have received word of their status. Good luck to all MIT Sloan interviewees!
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November 4, 2015
Harvard Business School’s Arthur Rock Center for Entrepreneurship is considered by many as the top program for entrepreneurial studies in the nation. One of many benefits HBS students can take advantage of is the experience …
Harvard Business School’s Arthur Rock Center for Entrepreneurship is considered by many as the top program for entrepreneurial studies in the nation. One of many benefits HBS students can take advantage of is the experience of the school’s annual cohort of Entrepreneurs-in-Residence.
Now celebrating its tenth anniversary, the program invites seasoned and successful entrepreneurs and investors to spend time on the HBS campus throughout the academic year, advising MBA students eager to start their own companies and working with faculty on research and course development.
The nineteen Entrepreneurs-in-Residence for 2015-16 are:
- Ajay Agarwal (MBA 1995), a managing director at Bain Capital Ventures in Palo Alto, where he focuses on early-stage software, mobile, and internet investing.
- Julia Austin, formerly of Akamai and VMware and currently an independent advisor and investor at Austinfish in Cambridge, MA, with an interest in early-stage companies across multiple verticals.
- Stephen Bonner, formerly president and CEO of Cancer Treatment Centers of America and now a member of its board of directors.
- David Chang (MBA 2001), a five-time entrepreneur/operator, angel investor in 35 startups, and leader in the entrepreneurship community who recently ran the PayPal Boston office.
- Sam Clemens (MBA 2004), founder and chief product officer at InsightSquared in Cambridge, MA, whose expertise is in product management and development for business-to-business software startups.
- Chuck Davis (MBA 1986), a venture partner with Technology Crossover Ventures in Los Angeles and CEO of Swagbucks, the leading online rewards and cash-back shopping program.
- David Frankel (MBA 2003), founder and managing partner of Founder Collective, a seed-stage fund based in Boston and New York.
- Janet Kraus, a serial entrepreneur who is now CEO of Peach, a startup that provides women with better fitting, more thoughtfully designed lingerie and basics in the privacy of their home.
- Sharon Peyer (MBA 2006), founder and head of business development for Boston-based HitBliss, a digital equipment service.
- Jules Pieri (MBA 1986), cofounder and CEO of The Grommet, a product launch platform in Somerville, MA, that has helped FitBit and SodaStream get off the ground.
- Ruben Pinchanski (MBA 1993), cofounder of Digitas and an expert in building and advising e-commerce businesses.
- Katie Rae, cofounder and managing director of Project 11, a venture fund in Boston that partners with early-stage startups to accelerate growth. She was previously managing director of TechStars Boston.
- Duke Rohlen (MBA 2001), CEO of medical-device maker Spirox as well as chairman and CEO of Advanced Cardiac Therapeutics.
- Rudina Seseri (MBA 2005), a partner at Fairhaven Capital in Boston, where she invests in startups, works with founders and executive teams, and develops strategies for growing businesses.
- Jim Sharpe (MBA 1976), an entrepreneur with years of experience in running small and medium enterprises and turnarounds and meeting the challenges of work/life balance issues with his wife, also an HBS alum.
- Martin Sinozich, founding partner of Venn Capital and an active angel investor and entrepreneur, with interests in fundraising and pitching, scaling rapid-growth businesses, and positioning closely-held businesses for exit.
- Michael Skok, cofounding partner of Assemble.VC an active early stage venture fund. Michael has enabled billions of dollars of value creation as both a venture investor for the past 12 years and an entrepreneur of more than 20 years, and is the creator of the popular startupsecrets.com course he teaches at the Harvard Innovation Lab.
- Jim Southern (MBA 1983), a founding partner of Pacific Lake Partners in Boston, which concentrates on small capitalization buyouts via the search fund model, and provides entrepreneurs with search and acquisition capital.
- Russ Wilcox (MBA 1995), former CEO of E Ink, the company behind the display technology used in the Kindle and other e-readers.
Through a community of support, access to content, and a gateway to entrepreneurial ecosystems everywhere, the Rock Center helps students and alumni create ventures that revolutionize and galvanizes the entire HBS community with the energy and spirit for What’s Next.
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November 3, 2015
As Chinese executives turn their eyes to the global stage and understanding the Chinese economy becomes increasingly vital for the rest of the world, Asia’s top-ranked business school China Europe International Business School (CEIBS) recently …
As Chinese executives turn their eyes to the global stage and understanding the Chinese economy becomes increasingly vital for the rest of the world, Asia’s top-ranked business school China Europe International Business School (CEIBS) recently announced it has deepened its presence in Europe.
Global since inception as a joint China-EU project, this is another initiative being driven from CEIBS’ European side, and it has secured the Lorange Institute of Business Zurich‘s (LIBZ) as an operating base and global center for China-EU studies in Europe.
“An increasing number of our alumni are doing business globally, so we have to better serve this group,” explains CEIBS European President Professor Pedro Nueno. “At the same time, the Chinese economy is growing larger and more complex and its impact on the rest of the world is undeniable; so it’s time to better summarize and develop business theories and models, based on Chinese practices, and convey those messages worldwide.”
In the initial stages, the Lorange Institute of Business Zurich will retain its name, CEIBS Vice President and Dean Professor Ding Yuan will serve as Chairman, CEIBS Associate Dean Katherine Xin will be in charge of academics and teaching, while LIBZ’s current Chairman Peter Lorange will remain as Honorary President and the business school’s operations will be maintained and headed by its CEO & President Philipp Boksberger.
“This move will further enhance our concept of the ‘business school of the future’ by strengthening the international network of faculty members and business competences with an added focus on key future markets,” says Lorange.
Students and alumni from CEIBS’ wide range of programs will be hosted by the LIBZ while on study tours to Europe. The Institute will also be a source of training for employees of CEIBS alumni companies and/or business units in Europe, as well as European companies doing business in China.
“We have been very successful at bringing knowledge to China, educating and developing competent managers for multinationals, SOEs and private companies. You could say we provided a ‘set menu’,” says Yuan. “Now it will be more ‘a la carte’.”
“Our students and alumni are looking to us to provide them with the business management training they need to face the new challenges of the Chinese economy.”
CEIBS has campuses in China’s economic and political capitals – Shanghai and Beijing – as well as operations in Shenzhen to the south of China and Accra in Ghana. Among the school’s more than 17,000 alumni around the globe, the majority are in leadership positions. As the needs of its students and alumni have changed over the years, CEIBS has adapted to better fulfill its goal of educating responsible business leaders.
“CEIBS students can learn from European cases and experts on innovation and family business. At the same time, European students can get first-hand knowledge on cases and teaching from China while still in Europe,” Yuan says.
“We need to educate business executives – both Chinese and those from other countries – on how to navigate China’s increasingly complex market, and we do all this within a global context. This is now CEIBS 2.0, and it’s quite different from our 1.0 version of 20 years ago.”
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October 30, 2015
Earlier this week, the University of Michigan’s Ross School of Business sent out interview invitations to Round 1 applicants, and MBA admissions director Soojin Kwon posted information on her blog for applicants who did not …
Earlier this week, the University of Michigan’s Ross School of Business sent out interview invitations to Round 1 applicants, and MBA admissions director Soojin Kwon posted information on her blog for applicants who did not yet receive a coveted invitation.
If you have been waitlisted, this means your application will receive further consideration against the pool of Round 2 candidates. Now, as for why you may have been waitlisted, this is what Kwon has to say.
“Here are the two most common reasons for being waitlisted: (1) your academic record wasn’t as competitive as other applicants whose experience or background was similar to yours; (2) your work experience wasn’t as strong as others in the pool (in terms of what you’ve accomplished to date). If the reason is #1, there’s opportunity to do something about it (i.e., retake the GMAT or GRE). If it’s #2, there’s not much you can do other than wait to see how you stack up in the Round 2 pool.”
The admissions director also notes that this is the second consecutive year Ross has seen an increase in applications, as well as an increase in interview invitations for both U.S. and international applicants.
“The pool was strong, so we wanted a chance to meet more candidates and evaluate their experience and fit in person,” Kwon explains.
Although the waitlist isn’t an ideal place to be, those who find themselves in this position should take heart: schools offer admission to applicants on the waitlist every year, and it means your application was strong enough to merit further consideration. This is good!
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October 29, 2015
As part of Kellogg School of Management‘s Lifelong Learning program for alumni, the school has announced it will offer a suite of five free Organizational Leadership online courses. Offered in partnership with four of Northwestern’s …
As part of Kellogg School of Management‘s Lifelong Learning program for alumni, the school has announced it will offer a suite of five free Organizational Leadership online courses.
Offered in partnership with four of Northwestern’s schools, participants will learn the essential skills to build and motivate teams, design and deliver powerful stories, develop strategies to influence, understand customer analytics and apply innovative approaches to deliver impact.
The first course, High Performance Collaboration: Leadership, Teamwork, and Negotiation, taught by Kellogg School of Management professor Leigh Thompson, will provide participants with the opportunity to learn how to cultivate your own leadership skills and coach others, optimally design a team for success and how to negotiate in a collaborative fashion in large and small business situations.
The full Organizational Leadership specialization features courses taught by faculty across Northwestern University including the following:
- High Performance Collaboration: Leadership, Teamwork, and Negotiation (Kellogg). Register Now
- Leadership Communication for Maximum Impact: Storytelling (Medill). Register Now
- Leadership through Social Influence (School of Communication). Available Mid November 2015
- Leadership through Marketing (Kellogg).
Available Mid-January 2016
- Leadership through Design Innovation (McCormick).
Available Mid-January 2016
These free courses provide a great opportunity to experience ongoing learning whenever it’s most convenient. This is just the latest example of business schools reaching out online to continue mentoring and investing in their alumni long after graduation.