Managem ent Education: Still Revolutionary? 2008 IBSS Conference - - PDF document

Managem ent Education: Still Revolutionary?

2008 IBSS Conference

Stephen Mangum Interim Dean, Fisher College of Business The Ohio State University

Origins of Managem ent Education

First formal program at University of Pennsylvania in 1881

New Managem ent Ideas: from w here do they com e?

• - from sparks of imagination?
• - from technological advance?
• - from change in organization of work?

Technological Environm ent of the U.S.

Early 1800’s: Craft Production

Technological Environm ent of the U.S.

Mid1800’s: Steam Power

Technological Environm ent of the U.S.

Late1800’s: Electric Power

Organization of w ork

Henry Ford experimented with continuous flow production systems and his engineers redesigned factories around the flow of work

“ Principles of Scientific Managem ent”by Taylor

Published in 1911 Time & Motion Studies

Technological Environm ent of the U.S.

Beginning in the 1970s: The IT Revolution has shrunk the globe in terms of time and space.

The IT Revolution

1970s-1980s: revolutionized manufacturing through miniaturization

The IT Revolution

1980s: commoditization of new kinds of financial instruments such as bonds, derivatives & commoditized mortgages

The IT Revolution

1990s: commoditization of information directly through the internet and search engines

Consequences: The organization of w ork

Work from anywhere

Environm ent of w ork

“Meaningfulness”

• f work grows in

importance

Sources of com petitive advantage

Supply chain linkages as a differentiator

New form s of production

Computers lead to customized mass production

Innovation + Speed

Im plications for Managem ent Education?

• Innovative
• Nimble & Collaborative
• New environments,

cultures & languages

• Increased STEM

linkages

• Public-Private
• “Energy-Climate Era”

Conclusion