This page uses content from Wikipedia and is licensed under CC BY-SA.
|Motto||Developing leaders who make a positive difference in the world.|
|University of Michigan|
|Location||Ann Arbor, Michigan, U.S.|
|Affiliations||University of Michigan|
The Stephen M. Ross School of Business (Ross) is the business school of the University of Michigan. Numerous publications have ranked the Ross School of Business' Bachelor of Business Administration (BBA), Master of Business Administration (MBA) and Executive Education programs among the top in the country and the world.
Ross also offers dual degrees with other University of Michigan colleges and schools.
In 1924, Ross School of Business was founded.
The school's BBA program is widely regarded as one of the best in the United States, having ranked within the top three of U.S. News & World Report rankings every year since the ranking's inception. In 1980, the BBA program was ranked #2 in the US by Parade Magazine.
In 1990, B. Joseph White became dean and began a transformation of the school's character and image. He led a major MBA curriculum overhaul, which aimed to intensify the development of students' professional and practical skills, teamwork, leadership, and overall ability to turn knowledge and ideas into action. The signature innovation, called MAP (Multidisciplinary Action Project), put students into "live cases" inside companies for seven weeks. MAP's "action learning" or "experiential learning" approach was the first curriculum innovation in management education since the introduction of the case method in the 1940s. It has continued to be a hallmark of Michigan's MBA program. Other initiatives, such as research on how to supplement the GMAT with a test of "practical intelligence",[clarification needed] helped cement the school's reputation for innovations that produce business leaders who are not only smart, but highly effective. White's approach built on a historical strength of the school, which was known for producing hard-working, practically-oriented graduates. In addition, White added a focus on corporate citizenship to the school's MBA training program, moving aggressively to globalize the school. Most notably, he founded the William Davidson Institute to position Michigan as a leader on economies transitioning from communism to free markets.
Following White's changes, Michigan was ranked[when?] "most innovative" in Business Week's surveys of corporate executives and was recognized for turning out "can-do" graduates. In 1996, Michigan was ranked second in Business Week's prestigious business school rankings, the highest ranking the School has achieved, which the magazine attributed to the School's growing reputation for innovation. As a corporate hunting ground, Michigan attracted a broader set of recruiters beyond the auto manufacturers and packaged goods companies who had been its core customers.
Under White, several of the school's hallmark programs and centers were created, including The Erb Institute for Sustainable Global Enterprise, The Joel D. Tauber Institute for Global Operations, The Zell-Lurie Institute for Entrepreneurship, the Wolverine Venture Fund, and the William Davidson Institute.
In 2001, Robert J. Dolan was named dean. He oversaw a dramatic re-building and facilities modernization initiative and worked to build the school's identity and reputation in the management education marketplace. Under Dolan, the school received one of the two-largest donations ever made to a business school. In the Master of Business Administration (MBA) program, Dolan pressed the school's distinction for turning out leaders with a practical, "can-do" orientation. This leveraged and accelerated a re-definition of the school's curriculum and image made by his predecessor. Dolan also made profound changes to the school's image through his ambitious rebuilding of the dated facilities he inherited, creating a showcase property, the Stephen M. Ross School of Business designed by Kohn Pedersen Fox. On Dolan's watch, the school earned the #1 ranking in the Wall Street Journal's 2006 and 2004 list of MBA programs (which are based on feedback from employers on which MBA program's students they would be most likely to rehire), #8 in The Economist, #5 in the BusinessWeek, and #11 in the U.S. News & World Report rankings in 2006. The rankings in these three publications are based on a variety of criteria, one of which is reputation among academics.
In 2005, the school introduced a 3-year version of the previously 2-year undergraduate program; the latter has since been phased out and candidates now apply as seniors in high school or during their freshman year at university, then commence their business studies in the sophomore year of college.
During the Dolan administration, the school transformed itself further. In 2004, it was named for alumnus Stephen M. Ross, who had donated US$100 million to the school. At the time of the donation, this had been the largest gift ever to a U.S. business school, and the largest ever to the University of Michigan. The Ross gift funded a campus overhaul. The school demolished 180,000 square feet (17,000 m2) of existing building space and renovated or added 270,000 square feet (25,000 m2).
On 14 February 2011, it was announced that Alison Davis-Blake would become the new Dean of the Ross School of Business, succeeding Robert J. Dolan. The first female dean at Ross, Davis-Blake introduced a new mission statement for the school: "At Ross, we develop leaders who make a positive difference in the world." During her term as dean, the school created new degree programs, including a minor in business for undergraduates and a one-year master’s in management; and expanded its executive MBA program to a second campus in Los Angeles.
In late 2013, the school launched a major fundraising campaign, part of the broader Victors For Michigan campaign.
In 2014, the school began sponsoring the annual Positive Business Conference. During Davis-Blake's tenure, the school broadened its global presence, increasing the number of overseas experiences for students and beginning a partnership with Shanghai Jiao Tong University.
Davis-Blake oversaw[when?] a large, donor-funded construction project that includes the new Jeff T. Blau Hall, featuring classroom, administrative, and study space, as well as renovations to several older buildings on the business campus.
In 2015, Davis-Blake announced that she would step down at the end of her five-year term in 2016 to pursue a broader role in higher education.
Upon its establishment in 1924, the business school was initially located in Tappan Hall. Tappan Hall is the oldest extant classroom building on campus. The original 1894 wing was designed by the Detroit firm of Spier and Rohns; the south wing by Luckenbach/ Ziegelman & Partners.
The school moved to its current site in 1948. Authorized by the Regents in July, 1945, the site was in the block surrounded by Monroe, Tappan, Hill, and Haven streets and was purchased at the time construction was begun, the building occupying approximately the north half of the block. Ten private dwellings were removed for its construction, which began in August, 1946. The business school was the first skyscraper on campus and was designed by architects Lee and Kenneth C. Black, of Lansing, Michigan.
Much of the business school is located on the University of Michigan's Central Campus adjacent to the School of Education and Law School. Its buildings are connected with each other, in some cases through skyways. With a major campus overhaul underway, the Executive Education programs are located at the Michigan Information Technology Center (MITC) near the university's Wolverine Tower office building in southern Ann Arbor.
New York City real estate developer Stephen M. Ross (BBA '62) gave a gift of $100 million to the business school, the second largest donation ever to a U.S. business school (after David Booth's $300 million donation to the University of Chicago Booth School of Business) and the largest gift to the University in its 187-year history. In recognition, the Board of Regents met in special session on September 9, 2004, to rename the school the Stephen M. Ross School of Business. In 2013, Ross announced a second gift to the school of $100 million, bringing his gifts to the school to $200 million, and his gifts to the broader university to $313 million. The second gift is being used for facilities upgrades, including high-tech classrooms, a new career services space, and additional areas for practical research; as well as student scholarships. In September 2017, Ross donated an additional $50 Million to the school bringing his cumulative gifts to the business school to $250 Million.
The Kresge Library's collection includes about 145,000 volumes and 3000 journals as well as microfilms, working papers, and company files. The school's John R. and Georgene M. Tozzi Electronic Business and Finance Center has a trading floor classroom that is linked to the New York Stock Exchange.
The William Davidson Institute (WDI) is a not-for-profit, independent, research and educational institute dedicated to creating, aggregating, and disseminating intellectual capital on business and policy issues in emerging markets. It provides a forum for business leaders and public policy makers to discuss issues affecting the environment in which these companies operate.
WDI was created in 1992 when Guardian Industries Corp. made a 20-year financial commitment to establish an institute at the University of Michigan Business School and was named in honor of Guardian Industries' chairman, president and CEO William Davidson.
WDI supports international activity at the University of Michigan by funding research, hosting visiting scholars, organizing seminars and speaker series, sponsoring summer internships, and creating dynamic and current teaching materials. In the past thirteen years, more than 1,800 MBA students have participated in more than 450 international projects. WDI's publication initiative houses one of the best collections of international business and social impact teaching materials anywhere.
Created in 1996 by a donation from Frederick A. Erb (BBA ’47) and his wife, Barbara, the Erb Institute for Global Sustainable Enterprise is a partnership between the Stephen M. Ross School of Business and the School of Natural Resources and Environment (SNRE) to provide professional education, as well as opportunities for research and engagement to sustain and accelerate business sustainability. The Erb Institute's iconic Dual-Degree MBA/MS Program, wherein students earn a Master of Business Administration from the Ross School and a Master of Science from SNRE in 2 1/2 to 3 years has received many accolades. In 2013, Michigan Ross (Erb Institute) received the top ranking for MBA programs with a Sustainability specialty (Bloomberg Business MBA Rankings)
In 2005, alumnus Thomas C. Jones donated $10 million to help undergraduates to experience programs usually provided only to MBA students. The gift established the Thomas C. Jones Center for BBA Education, which aims to help students apply classroom theory, incorporate liberal arts, and teach leadership. The Jones gift is said to be the largest gift to an undergraduate business program.
Joel D. Tauber donated $5 million in 1995 to establish the Joel D. Tauber Manufacturing Institute, which trains graduate engineering and business students in operations management. The program is run jointly with the University's College of Engineering. In 2007, the Institute was renamed to the (Joel D.) Tauber Institute for Global Operations to recognize expanded interest from non-manufacturing (service, healthcare, IT, retail) organizations. In 2012 the Institute was honored with the first UPS George D. Smith Prize from INFORMS for its effective and innovative preparation of students to be practitioners of operations research, management science or analytics.
The Samuel Zell & Robert H. Lurie Institute for Entrepreneurial Studies provides the curriculum, program initiatives, community involvement, and alumni outreach activities that deliver exclusive resources for future entrepreneurs of the Ross School of Business at the University of Michigan. In 1999, a $10 million donation from Samuel Zell and Ann Lurie on behalf of her husband Robert H. Lurie, established the Samuel Zell & Robert H. Lurie Institute for Entrepreneurial Studies at the Business School.
ZLI houses three student-led investment funds: Wolverine Venture Fund, Frankel Commercialization Fund, Social Venture Fund.
On July 13, 2015, the business school announced that Mr. Zell had increased his gifts to the school and to the fund by the donation of an additional $60 million.
The Wolverine Venture Fund (WVF) is a multimillion-dollar venture capital fund operated directly out of the Ross School of Business at the University of Michigan. The fund was started in 1997 by Karen Bantel. The Fund invests with the active involvement of MBA students, faculty assistance, and an advisory board composed of professional venture capitalists and entrepreneurs. The WVF invests primarily in early-stage, emerging growth companies. The Fund typically provides US$50,000 to $200,000 in seed and first-stage funding rounds in syndication with other venture capital funds and angel investors.
The Zell Lurie Commercialization Fund (ZLCF), formerly the Frankel Fund, is a student-led "pre-seed" investment fund.
The goals of the ZLCF are to:
The Fund is made up of Ross MBA and Michigan PHD students ("ZLCF Fellows") selected because of their domain knowledge of the health care or technology industries and their experience and interest in early-stage company formation. ZLCF Fellows are divided into four teams, specializing in health care, clean tech, consumer, and technology investments. Additional information is available at www.ZLCFund.com
The University of Michigan Social Venture Fund (SvF) is the first student-run Social venture fund in the United States. Established in 2009 by four Ross School of Business MBA students and overseen by professor Gautam Kaul, the Social Venture Fund invests in innovative and mission-driven social enterprises. The Fund's mission statement reads, "We are committed to providing strategic and patient capital to early-stage social enterprises led by outstanding entrepreneurs that contribute to the proliferation of the new generation of socially-minded business leaders."
Founded in 2002 as the Center for Positive Organizational Scholarship, the center’s mission is ‘to inspire and enable leaders to build high-performing organizations that bring out the best in people.’ It conducts and disseminates research on topics such as positive leadership, meaning and purpose, ethics and virtues, and relationships and culture in an organizational setting. Starting in 2014, it sponsors an annual Positive Business Conference.
The Sanger Leadership Center at Michigan Ross seeks to build a more connected, creative, and prosperous world, one leader at a time. Named for a gift by Steve and Karen Sanger in 2015, the center offers a wide range of leadership development programming for all University of Michigan students. Its signature initiatives open to U-M students include the Leadership Crisis Challenge, Impact Challenge, Story Lab, Legacy Lab, and more.
Sanger uses leadership development theories and tools developed at Michigan Ross, such as the Michigan Model of Leadership.
Students publish their own newspaper called the Monroe Street Journal, named after the main street leading to the school entrance. The school is also home to The Michigan Journal of Business, the first undergraduate-level academic journal in the field of business.
One important tradition among the Ross MBA community is the Ross MBA college football tailgate, which takes place at "The Bus" before and after every home game. "The Bus" is a 1985 Ford school bus that is painted in Michigan's colors, maize and blue, and is decked out with both a dance floor and DJ on the roof and couches in the interior. On every game day, The Bus is parked in Fingerle Lumber Yard and serves as the centerpiece for the Ross MBA tailgate. The tailgate costs $10 to attend and attracts over 500 students, alumni, and friends. This tradition has been intact for the last decade (as of 2013). After the bus "died" in 2013, a group of MBA students started a crowdfunding campaign on Tilt.com to purchase a new mobile tailgate bus.
As of 2010, 46 faculty members hold endowed chairs in their respective disciplines.
|Edited by||Roger Zhong, Kabir Sodhi|
Stephen M. Ross School of Business (United States)
|Mich. J. Bus.|
The Michigan Journal of Business is a biannual peer-reviewed open access academic journal published by undergraduate students at the Stephen M. Ross School of Business (University of Michigan). It was established in 2007 by William Moon and publishes theses, empirical research, case studies, and theories relating to areas of accounting, economics, finance, marketing, management, operations management, information systems, business law, corporate ethics, and public policy. The editorial staff is composed of students from various schools within the University of Michigan.
|Business school rankings|
|U.S. News & World Report||7|
|U.S. News & World Report||3|
U.S. News & World Report, in their 2019 rankings of top MBA programs, placed Michigan Ross among the top 10 business schools in the United States, tied with the University of California at Berkeley's Haas School of business for the #7 slot; coincidentally in the same publication and year's BBA rankings, both Michigan Ross and U.C. Berkeley share the #3 ranking. In the most recent U.S. News & World Report specialty rankings for 2019, Michigan Ross's full-time MBA program was ranked at #3 in the Management and Production/Operations categories, #4 in Marketing and Accounting, #5 in Nonprofit and International, #6 in Supply Chain/Logistics, #7 in Entrepreneurship and #10 in Finance. In 2014 BusinessWeek ranked the MBA program #9 overall. In 2015, U.S. News & World Report rankings of the best U.S. undergraduate business programs ranked Ross at No. 1 in the management category. Also in 2015, the BBA program ranked in the Top Five in the following business specialties: marketing (No. 2), finance (No. 3), international business (No. 4)[Although now ranked 12th in 2017], productions/operations management (No. 4), and accounting (No. 5). In the 2015 QS Global 200 Business Schools Report Ross School was placed as the 8th best Business School in North America. In 2011 the Masters in Supply Chain program was ranked no.2 in Supply chain in the US by Gartner. In the 2015 Bloomberg BusinessWeek rankings of undergraduate business schools, Ross placed 12th. In 2016, Ross moved up to 8th.
The Ross School of Business was ranked #3 worldwide in 2011 for research output, and #1 in 2013 for sustainability by Bloomberg Businessweek.