Orientation Slides for Robert Gertner - Chicago Booth Portal

WELCOME TO CHICAGO BOOTHEMBA Class of 2014 – AXP 13Robert GertnerDeputy DeanJoel F. Gemunder Professor ofStrategy and Financerob.gertner@ChicagoBooth.edu

AgendaACADEMIC CULTURECURRICULUMSTANDARDS AND VALUES

Academic Culture

Ideas are our currencyCreation and dissemination of knowledge isour businessWe focus on understanding thepsychological, social, and economicforces that drive individuals,organizations, markets, and economies

CULTURE & VALUESWe act on ourbelief that the clashof ideas produceslight not heat

Research environmentOur faculty are the world’s experts on thedisciplines that underlie business.They bring this deep thinking, intellectualengagement, and rich knowledge to theclassroom.We provide the best possible environmentfor faculty to conduct research.Our research seminars are the envy of ourpeer institutions but you must be able toaccept penetrating criticism as not beingpersonal.

Booth Faculty Research:Nobel Winners and CandidatesBecker: Human CapitalStigler: Regulatory EconomicsFogel: Empirical Economic HistoryCoase: Social Cost & Theory of the FirmMiller: Capital StructureScholes: Option Pricing______________________________________Fama: Empirical Asset PricingDiamond: Theory of Bank RunsMurphy: Empirical Labor EconomicsThaler: Behavioral Finance

Chicago Booth FacultyResearch: RecentBertrand & Morse: Payday LendingDhar & Dube: Geography & Brand SharesEpley: Miscommunication & ClosenessGentzkow & Shapiro: Ideology & Competition inNewspapersHsieh & Ossa: Spillovers & China’s ProductivityGrowthPastor & Veronesi: Policy Uncertainty & StockPricesTaddy: Statistical Methods for Text AnalysisRajan: Theory of the Firm & Financial MarketsSufi: Mortgage Credit & the Crisis

EMBACurriculum

Approach toManagement EducationGood business practices follow fromgood fundamental principles, not the latestfadsDiscipline-based knowledge is apowerful tool for understanding howorganizations function, how peoplebehave, and how markets workEmpirical evidence is important forbuilding discipline-based knowledgeGood decisions follow from goodanalysis

Principles of the EMBACurriculumSame degree as other programsSimilar courses with equal depthSimilar breadth of coursesDeep disciplinary approach to foundationsFunctional areas taught from empirical base,theoretical foundations, and knowledge ofpracticeManagement and leadership curriculumcustomized for experienced executivesElectives and concentrations – choice andopportunities for depth

EMBA Course of StudyEssentials of Effective LeadershipFinancial AccountingMicroeconomicsStatisticsCompetitive StrategyCorporate Finance for ExecutivesOperationsMacroeconomicsFinancial StrategyMarketing StrategyMgr. Decision Making / NegotiationsElectives WeekQuantitative MarketingGlobal Economics (1/2) or GNVCManagerial Accounting (1/2)Strategic LeadershipTechnology Strategy (1/2)Organization Design (1/2) or GNVCConcentrations Week

Electives and Concentrations2012 ELECTIVES (Concentrations)Advanced NegotiationsBusiness, Politics, & EthicsDesigning Strategy for a Global Firm (Strategy)Entrepreneurial Finance & Private Equity (Entrepreneurship / Finance)Governance (Strategy)Investments (Finance)Legal Infrastructure of Business (Strategy)Marketing Simulation (Marketing)Money & BankingNew Product Development (Marketing)New Venture Strategy Development (Entrepreneurship / Strategy)Power & Influence

Grading PolicySchool-wide policyLetter grades (with +/-)Maximum GPA per course of 3.33Minimum GPA of 2.33 to graduateFaculty are the ultimate gradeauthority

Our Academic andProfessional Standardsand Honor Code

Read the Handbook.Ignorance of rules is no excuse.Honor Code promotes honestyand integrity in all aspects ofBooth Community.Individual faculty may havedifferent rules for group worksharing, references, exams, etc.

Standards andHonor CodeRespect Others & Be Nice• All members of our community must betreated with respect, regardless of sex,race, cultural heritage, religion or sexualorientation. …”• … “The Booth community is committed tobuilding and sustaining an environment inwhich its members can freely worktogether, both inside and outside theclassroom. …”

Standards andHonor CodeDo Your Own Work• Do not represent another’s work as yourown (on academic papers, projects,assignments, examinations, ..)• Sign the pledge on every examination,assignment, …: “I pledge my honor that Idid not violate the professional standardsand honor code in completing this …”

LearningEnvironmentEach professor sets ground rules.If not sure or unclear, ask.Mutual obligations for maintainingbest possible learning environmentfor all.Contribute constructively tolearning.We have high expectations ofourselves and of each other.

Thank youRemember to take full advantage ofyour Chicago Booth experience!rob.gertner@chicagobooth.edu