Kellogg School of Management

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Kellogg School of Management
Established: 1908
Type: Private
Endowment: US $729 million[1]
Dean: Dipak C. Jain
Faculty: 149
Postgraduates: 1162
Location: Evanston, Illinois, USA
Colors: Purple and White[2]
Website: www.kellogg.northwestern.edu

The Kellogg School of Management (The Kellogg School or Kellogg) is the business school of Northwestern University located in Evanston, Illinois and downtown Chicago, Illinois. Kellogg offers full-time, part-time, and executive programs, as well as partnering programs with schools in China, India, Hong Kong, Israel, Germany, Canada, and Thailand, granting the M.B.A and Ph.D.

Founded in 1908 in downtown Chicago as a part-time evening program, the school was chartered to educate business leaders with "good moral character."[3] Kellogg pioneered the use of group projects and evaluations and popularized the importance of "teamwork" and "team leadership" within the business world.[citation needed]

Kellogg has historically been ranked as one of the top business institutions in the world by BusinessWeek, U.S. News & World Report, The Economist Intelligence Unit, and other business news outlets. Alumni from the Kellogg school hold leadership positions in for-profit, nonprofit, governmental, and academic institutions around the world.

Contents

[edit] History

The school, originally founded in 1908 as Northwestern University's School of Commerce, a part-time evening program, was one of 16 founding members of the American Assembly of Collegiate Schools of Business, the organization that sets accreditation standards for business schools. As one of the organization's original members, the school later played a major role in helping to establish the Graduate Management Admission Test, the standardized test that is use to assess the intellectual prowess of MBA applicants. In addition, faculty associated with the school have made landmark contributions to fields such as marketing and decisions sciences. For instance, Walter Dill Scott, a pioneer in applied psychology, helped establish some of the earliest advertising and marketing courses in the first decade of the twentieth century. He went on to serve as president of Northwestern University from 1920-1939. More recently, Philip Kotler and Sidney J. Levy's groundbreaking 1969 Journal of Marketing article, "Broadening the Conception of Marketing," laid the foundations for a greatly expanded understanding of marketing. Similarly, Kotler's Marketing Management text has played a key role in deepening the field's scholarship.

In 1951, Kellogg began offering executive education courses. The Institute for Management was a four-week summer program based in Evanston, expanded the following year to two sections. The program's success eventually led to it being expanded in Europe in 1965 with a similar program offered in Bürgenstock, Switzerland. In 1976, the school expanding its executive education offerings in Evanston, including introducing a degree-granting program known as the Executive Management Program (EMP, today known as the Executive MBA Program). A watershed event in the school's history was the opening of the James L. Allen Center, home of the Kellogg executive education programs. The vision of legendary dean Donald P. Jacobs (deanship 1975-2001; on faculty in Finance Department since 1957), the Allen Center enlisted the help of significant business figures in the Chicago-area, most notably James L. Allen, a Kellogg alumnus and cofounder of consultancy Booz Allen Hamilton. The Allen Center's cornerstone was laid in 1978 while the facility officially opened Oct. 31, 1979. It remains a state-of-the-art management education facility.

In 1956, the school was renamed as the School of Business; little more than a decade later, in 1969, the school once again changed its name--to the Graduate School of Management, a designation that reflected the demand among the business community for sophisticated managers trained in both analytical and behavioral skills. In addition, this training was oriented toward general management, rather than narrowly functional skills, as had largely been the case in many business schools for much of the 20th century. The training was designed to provide management skills suitable for leadership roles whether in the corporate, public, or nonprofit sectors - rather than careers focused solely on traditional business. To reflect this change, the school in 1969 stopped issuing the MBA credential in favor of the MM, or master of management degree. A point of differentiation for nearly three decades, the school more recently returned to the traditional MBA.

These dramatic changes were predicated upon a key change under Dean John Barr (1965-1975): In 1966, Northwestern elected to discontinue its highly respected undergraduate program (the School of Business) so as to focus its energies solely on graduate education. In so doing, the school decided to pursue a research-based faculty, quickly attracting a number of world-class quantitative experts, many in the field of game theory, to build the school's renowned Managerial Economics and Decision Sciences Department, founded in 1967 and initially led by Professor Stanley Reiter.

In 1979, in honor of a $10 million gift made to the school on behalf of John L. Kellogg, the school was renamed as the J.L. Kellogg Graduate School of Management. The funds allowed the school to significantly expand its research and teaching mission by establishing three endowed professorships; two major centers of interdisciplinary research; four research professorships; and a large student rooming facility designed as a living-learning center. Even prior to the Kellogg gift, the school had been bolstering its research-based faculty: In 1978 alone the school added six additional "named" professorships and two new research professorships. In 2001, in an effort to solidify the school's brand, the name was shortened to the Kellogg School of Management."

While Kellogg is distinguished overall for its graduate business programs, its reputation is particularly notable in marketing. It has been consistently ranked as the leading program in marketing among graduate schools of business by Business Week and the Wall Street Journal, among others.

[edit] Kellogg's academic programs

Kellogg offers Full-Time MBA, Executive MBA, and Part-Time MBA programs.


[edit] Part-Time MBA Programs

  • The standard Evening MBA as well as
  • Saturday Part-Time MBA program, a recently created program designed for students who travel during the week for work.

[edit] The Executive MBA Program

The Executive MBA program consistently ranks as one of the worlds top EMBA programs and is offered as a joint degree with:

[edit] The PhD Program

In addition to its highly-successful MBA programs, the school also offers a PhD program.

[edit] Students and culture

Kellogg students are part of a culture that is famous for its emphasis on teamwork and leadership skills. Much of this reputation is driven by the School's operational model, which provides a plethora of opportunities for students to lead initiatives on behalf of the school. Many aspects of the school, from admissions decisions, to admitted students weekend, to orientation week, to the annual conferences and events that the school hosts, are organized and led by students.

Because student leadership is such an integral part of the school, Kellogg was the first business school in the world to insist that all applicants be interviewed to assess their leadership potential and suitability for the Kellogg School's cooperative environment. As a result, in addition to grades, GMAT scores, professional achievement, and demonstrated leadership, 'fit' is an important part of the admissions equation at Kellogg. Admitted students are expected to be high-achievers as well as team players, and to embrace the concept of 'co-opetition' (cooperation and competition). Kellogg graduates are reputed to be exceptional team leaders, and the school is particularly regarded for its spirited and collaborative culture that emphasizes business rigor and relevance, while also affording students a wide range of educational and social experiences designed to develop leadership and professional skill.

[edit] Research and academics

Some of the Kellogg School's most prominent scholars and professors, past and present, include:

  • Philip Kotler,#4 management guru of all time as ranked by the Financial Times and renowned marketing scholar
  • Roger Myerson, winner of the 2007 Nobel Prize in Economics
  • Arthur Andersen, founder of the auditing firm bearing his name
  • Willard Eugene Hotchkiss, founding Dean of Kellogg who went on to act as founding Dean of Stanford University's Graduate School of Business
  • Bala Balachandran, one of the top management accountants alive, pioneered Activity Based Costing
  • Walter Scott, former Chairman of Diageo, CEO of Ameriprise Financial, CFO of the Pillsbury Company, and Associate Director for Economics and Government at the United States Office of Management and Budget
  • Mohan Sawhney, pioneer in the field of technology management, and one of the 25 most influential people in e-Business as ranked by Businessweek
  • Donald Jacobs, Dean Emeritus who led the school during its rise to national and international prominence from the 70s into the 90s.
  • Dipak C. Jain, current Dean and pioneer in quantitative marketing
  • Louis Stern, the inventor of channel strategy
  • Ravi Jagannathan, expert in asset pricing and investment management
  • Robert McDonald, author of Derivatives Markets, the textbook on derivatives taught at business schools around the world
  • Robert Korajczyk expert in asset pricing and investment management
  • Richard Sandor, the "father of financial futures" and the CEO and Chairman of the Chicago Climate Exchange
  • Donald Haider, expert on intergovernmental relations, and the only individual to be named both a Congressional Fellow and a White House Fellow
  • Steven Rogers, professor of entrepreneruship and winner of the Entrepreneur of the Year Award (supporter category) by Ernst and Young
  • Ranjay Gulati, one of the top 10 most cited scholars in Business over the last 10 years
  • Andris Zoltners, pioneer in sales force strategy and founder of ZS Associates, a global management consulting firm specializing in sales and marketing strategy
  • Lynn M. Martin, Chair of the Council for the Advancement of Women
  • Sergio Rebelo, pioneer in the field of international finance and exchange rate theory
  • Brian Uzzi, pioneer in social networking theory
  • Sunil Chopra, world-renowned expert in supply chain management
  • John Ward, expert in family-business issues, co-founder of the Family Business Consulting Group, author of several books on the subject, and winner of the Richard Beckhard Award for Distinguished Leadership in Family Business
  • Marvin Manheim, William A. Patterson Distinguished Professor of Transportation

Kellogg's research centers include:

  • The Accounting Research Center
  • The Center for Biotechnology
  • The Center for Business, Government and Society
  • The Center for Executive Women
  • The Center for Family Enterprises
  • The Center for Financial Institutions and Markets
  • The Center for Health Industry Market Economics
  • The Center for Mathematical Studies in Economics & Mathematical Science
  • The Center for Nonprofit Management
  • The Center for Operations & Supply Chain Management
  • The Center for Retail Management
  • The Center for Research on Strategic Alliances
  • The Center for Strategic Decision-Making
  • The Center for Research in Technology & Innovation
  • The Dispute Resolution Research Center
  • The Ford Motor Company Center for Global Citizenship
  • The General Motors Research Center for Strategy in Management
  • The Guthrie Center for Real Estate Research
  • The Heizer Center for Entrepreneurial Studies
  • The International Business Research Center
  • The Larry and Carol Levy Institute for Entrepreneurial Practice
  • The Kellogg Team & Group Research Center
  • The Zell Center for Risk Research.

All of Kellogg's professors perform both teaching and research. The school takes feedback from executives participating in Executive MBA and Part-time MBA programs into account in defining the curriculum of its Full-time MBA program. Most classes combine lectures on theory, discussion of case studies, as well as student group projects.

[edit] Global partnerships

Kellogg has built a network of partner schools around the world to increase collaboration across regions, create a global dialogue on important management topics, and provide an integrated global network for executive education. Partner schools include:

[edit] Alumni

Kellogg has over 50,000 alumni. Prominent alumni include:

[edit] Hedge Funds/Private Equity

[edit] Professional Service

[edit] Financial Services

[edit] Venture Capital

[edit] Technology

[edit] Consumer Goods

[edit] Retail

[edit] Health care and biotechnology

[edit] Media, entertainment, and information services

[edit] Industry

[edit] Government

[edit] Academia

[edit] Rankings

Kellogg is consistently ranked among the top five business schools in the world. Recent historical rankings of the Kellogg School's MBA, Executive MBA, and Part-Time MBA in BusinessWeek, The Economist, Financial Times, Forbes, US News & World Report, and Wall Street Journal are:

2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 1990 1989 1988
BusinessWeek (MBA) 3 3 1 1 1 1 2 2 2 2 3 3 2 2 1 1 1 1 1 1
BusinessWeek (EMBA) 1 1 1 1 1 1 1 1
Economist (MBA) 6 6 2 1 1 1
Financial Times (MBA) 19 17 11 11 13 10 12 10 11 13 11 9 8 11 8
Financial Times (EMBA*) 1 3 8 2 7
Forbes (MBA) 9 10 9 11 8 8 7 8 9
US News (MBA) 5 4 4 4 4 5 3 3 4 4 3 4 4 4 3 4 3 4 2 4
US News (EMBA) 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1
US News (Part-time) 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3
WSJ (MBA) 12 6 4 7 4 4 5
  • Two of the Kellogg School's other executive MBA programs are also highly ranked by the Financial Times. The School's Kellogg-HKUST program at the Hong Kong UST Business School is ranked No. 2 in the world, while the school's Kellogg-WHU program at WHU Business School in Germany is ranked No. 12 in the world.

[edit] Location and facilities

The Kellogg School's Full-Time and Executive MBA facilities are situated along the shores of Lake Michigan in Evanston, Illinois on Chicago's North Shore, while the school's Part-Time MBA program is housed on Northwestern's Downtown Chicago campus in Wiebolt Hall. Full-time and Executive students of the Kellogg School enjoy access to a private beach, extensive sports and aquatic facilities, bike paths, playing fields and a sailing and windsurfing center. In January 2006, Kellogg opened a new campus for its EMBA program for Latin American executives in Miami. Kellogg-Miami EMBA Program Executives fly in from all over Latin America and the United States for weekend courses.

Regardless of location, the Kellogg School EMBA programs deliver the same exemplary content and traditional leadership and teamwork approach that had kept Kellogg consistently in the No. 1 position within EMBA rankings.

[edit] See also

[edit] References

  1. ^ Kellogg School of Management Investment Report. Retrieved on 2007-12-10.
  2. ^ Guidelines, Northwestern Identity System, Publications, Northwestern University. Retrieved on 2007-09-26.
  3. ^ Rise of a Management Titan. Retrieved on 2007-12-10.
  4. ^ 2007 rankings. The Economist Intelligence Unit Limited. Retrieved on 2007-12-19.

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