The move to Evans Hall, our new state-of-the-art campus, is a milestone in the history of the Yale School of Management, the youngest of Yale’s impressive array of professional schools. For the first time, we have a building designed for us, built deliberately to foster our mission. With glass panels stretching across the entire façade, the building is transparent, as business should be. The combination of a courtyard and glass walls enables extended lines of sight, symbolic of a skill managers need to thrive in an increasingly complex and interdependent world. The building’s technological capabilities enable us to connect any classroom with the far corners of the globe, for example with students and faculty at other schools comprising the Global Network for Advanced Management that Yale SOM launched in 2012. And as an instant landmark, the Norman Foster design will undoubtedly become a hub for Yale-wide initiatives, further consolidating Yale SOM as the business school most integrated in its home university.
Our MBA for Executives program has been a critical means through which we deliver on our mission to educate leaders for business and society. As the move to Evans Hall enables us to widen our reach and deepen our commitment, I am thrilled to announce the parallel expansion of our MBA for Executives program. Since its launch in 2005, the program has focused on developing leaders in healthcare, something it has done impressively well as a glance at student- and alumni profiles shows. Besides selecting program participants with a track record of leadership in their fields, the program’s success stems from combining the rigorous MBA training that Yale SOM is known for with focused curricular elements in healthcare offered in collaboration with Yale School of Medicine and Yale School of Public Health. We now want to build on this strong foundation. Members of the Class of 2016 can choose from two additional focus areas at the nexus of business and society: sustainability and asset management.
Why sustainability and asset management? Like healthcare, sustainability and asset management sit squarely at the nexus of business and society, by which I mean they are areas where leaders need to understand how the for-profit, nonprofit, government, and entrepreneurial sectors work, connect, and interact. How we make products while using less energy, fewer resources, and achieving a reduced impact on communities is a pivotal challenge for business, increasingly making sustainability a managerial imperative across sectors. Likewise, asset management is about relying on business and markets to preserve cultural treasures, such as libraries and museums, sustain educational opportunities through endowments, and enable dignified retirement. Moreover, anybody who wants to succeed in sustainability or asset management requires the broad set of management and leadership skills that the Yale MBA core curriculum cultivates. And both areas, just like healthcare, are simultaneously in need of sound empirical analysis and fresh thinking. Last but not least, in both areas, just as in healthcare, Yale has a wealth of faculty expertise and resources that we can bring into the School of Management. In short, by expanding the MBA for Executives program, we will be even more effective in delivering on our mission – to educate leaders for business and society.
Whether you have long been interested in our MBA for Executives with a focus in healthcare, are an SOM alumna or alumnus, a recruiter, or whether you have newly discovered what we have to offer, I hope you spend some time browsing our revamped program website. And I hope we will hear from you. Let us know what you think about our plans. Share your ideas on the key challenges in all three areas. Just email me directly.
The world isn’t about to become less complex. For more than three decades, Yale SOM graduates have made their contributions as innovators, entrepreneurs, and leaders in all sectors. With an extraordinary new building, and an innovative expanded program, we look forward to making an even bigger mark.