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Financial Times ranks Krannert MBA among world's best

The Krannert School received top 15 MBA rankings worldwide in a pair of categories included in a Financial Times survey released in January.

The survey was compiled from questionnaires sent to business schools and members of the class of 2002. Krannert placed ninth worldwide in top salaries in industry and ranked 12th worldwide in placement success. The placement number measured the percentage of 2002 alumni who gained employment with the help of career services.

Krannert also placed 25th worldwide in doctoral rank, which measures the number of doctoral graduates produced in the last three years. The rank is weighted by placement of doctoral graduates at schools that finish among the top 50 in the Financial
Times survey.

Overall, the Krannert School ranked 30th among U.S. MBA schools and 48th worldwide. The worldwide ranking, up 29 spots from last year, attests to the school’s increased global recognition, says Dean Rick Cosier. Along with collaborations in Europe, Krannert has entered into cooperative education and research programs with three Chinese universities and is developing similar partnerships with schools in India.

“We’re pleased to be ranked highly in several categories among the hundreds of schools and universities polled for this ranking,” Cosier says. “One of our key strategies during the past year has been to increase our global presence, and the high rankings are proof that we are meeting that goal. We are extending our reach to become a true international leader in management education.”

M4 Sciences wins Morgan competition

A team that develops advanced manufacturing technologies for biomedical, aeronautical, and military markets and a startup Web-based company took the top prizes in Purdue's 20th annual Burton D. Morgan Entrepreneurial Competition in February.

M4 Sciences won the top $30,000 prize in the graduate division of the business plan contest, which took place at Discovery Park's Burton D. Morgan Center for Entrepreneurship. Creators of the Web site onCurrent.com won the $15,000 prize in the undergraduate division for an online arts and music calendar that allows users to supply the information.

"The Burton D. Morgan competition has evolved to become a leading student event of its kind," says Dean Rick Cosier. "This year's contestants again reflect the high-tech nature of Purdue and the Krannert School and give us a glimpse into innovations that will have an impact in our state and beyond."

Krannert MBA student Allison Shank
Krannert MBA student Allison Shank makes a presentation for AlGalCo, one of the finalists in the 20th annual Burton D. Morgan Entrepre-neurial Competition. The company plans to manufacture non-polluting hydrogen-pow-ered emergency generators for residential use. (Purdue News Service Photo by David Umberger)

 

 

GSCMI conference focuses on sustainability

Corporate executives and Krannert experts discussed sustainability in the global supply-chain at a February conference at Purdue. Sponsored by the Global Supply Chain Management Initiative (GSCMI), the conference was open to anyone interested in discussing how choices made in getting the right products to the right places at the right time all over the world impacts sustainability concerns.

“Sustainability affects every level of organization, from the local neighborhood to the entire planet,” says Ananth Iyer, director of Krannert’s GSCMI and the Dauch Center for the Management of Manufacturing Enterprises (DCMME). “It is an attempt to provide the best outcomes for the human and natural environments, both now and into the indefinite future.”

Paul Goodman, the Richard M. Cyert Professor of Organizational Psychology at Carnegie Mellon’s Graduate School of Industrial Administration, kicked off the conference with his film Dabbawallas and lively discussion on issues of group motivation and its impact on process quality. Companies including Starbucks, CEMEX, PricewaterhouseCoopers, Method Products, IRMCO, Motorola, and Eaton Corporation were represented in a series of panels.

The two-day conference also included an undergraduate case competition among nine Krannert teams vying for $2,500 in prize money from Starbucks, as well as an MBA case competition co-sponsored by E. & J. Gallo Winery and Chromcraft Revington that offered $10,000 in prizes (see page 29).

Plans are already under way for next year’s conference, which is scheduled for February 14–15, 2008

 

Ex-con gives master’s students an ethics lesson

Former corporate manager Walt Pavlo spoke to Krannert master’s students in February about his experiences involving manipulation of financial records within a large corporation and his subsequent arrest and conviction.

Pavlo, who spent time in federal prison after being convicted of wire fraud and money laundering charges, lectures around the country to caution those faced with ethical decisions in the workplace.

In May 2005, two years after leaving prison, Pavlo formed Etika LLC to allow him to share his experiences so that others could learn from his errors. His lectures are meant to demonstrate how even the most tragic of errors can be overcome.

“Before I was a criminal or committed a criminal act, I was someone who was on the fast track and did a lot of things right in my life,” Pavlo told students. “I’ve paid a signifi-cant price for what I’ve done.”

Pavlo has been invited to speak at top business schools in the country, major Fortune 500 companies, federal law enforcement training facilities, and a number of professional societies. He has also been featured in several magazine and television stories, including ABC’s Nightline and Forbes magazine.

Walt Pavlo
Walt Pavlo shares a cautionary tale of per-sonal and corporate corruption with master’s students in February.

 

 

Entrepreneurial Symposium features Indiana companies

Krannert’s Entrepreneurship and Venture Club featured business leaders from several successful Indiana firms in March at the sixth annual Purdue Entrepreneurial Symposium.“

The symposium provided a bridge between students, faculty, venture capitalists and local entrepreneurs to generate oppor-tunities for all involved,” says Christopher Rains, a Krannert MBA student and one of the symposium’s organizers.

The keynote speaker was Scott Molan-der, founder and ex-CEO of Hat World, a company begun in Lafayette, Indiana, that later grew to more than 500 stores before it was sold to Genesco for $177.4 million. Mo-lander left the company following the sale and in 2005 launched his second company, The Simple Furniture Co., which manu-factures modern-style, ready-to-assemble furniture through retail outlets and online.

In addition to Molander’s keynote speech, a panel of Indiana entrepreneurs discussed startup and growth. Participants included Ron Ellis, chief executive officer of Endocyte, a Purdue Research Park-based biotechnology company; Scott Lutzke, partner with Centerfield Capital, the state’s largest small-business investment company; Carole Kemmer, senior professional in human resources and owner of Kemmer Consulting in Lafayette; and Jeff Ready, se-rial entrepreneur and resident entrepreneur with the Indiana Venture Center.

The Entrepreneurship Club is based at Krannert, but membership is open to all Purdue students, faculty, staff, and com-munity members. The Burton D. Morgan Center for Entrepreneurship sponsored the symposium.