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Skills. ^. Neiv Millenniuni |tt|MM|^^ ^^^> 'kgjUllgglllJi^^^ ^^^ ^^^^ ^^^ '^^gMmmmm^ URDUE UNIVERSITY SPRING 1998 Skills. ^. jorthe Neiv Millenniuni Krannert Portfolio, Spring 1998 published by Krannert School of Management, Purdue University Purdue University, West Lafayette, Indiana This digital edition was produced by the Digital Initiatives group of the Purdue Libraries Archives and Special Collections Department The original text was scanned at 400 ppi, 24 bit color and stored as uncompressed TIFF images Digital Initiatives Purdue University Libraries Archives and Special Collections http://e-archives .lib .purdue.edu July 2007 from the dean Dear Management Graduates, ^ he business of management education is a full-time experience for our students. It includes their classes, team activities, and community service. TThese responsibilities prepare our students to be managers who will lead organizational change. Teaching students to embrace change is an important goal of the Krannert School. Faculty challenge students to seek innovative solutions to business issues presented in a variety of media — class lectures, team projects, multimedia activities, and new information system technologies. These activities, in particular the new technologies, offer students opportunities to stretch their intellectual boundaries and seek solutions that are over the horizon. This kind of thinking is required of innovative managers and leaders. In this issue oiPortfolio, we share with you the notable achievements of our innovative student, faculty, and alumni leaders. Enterprise integration is an important focus as we increase integration of technologies in our classes. Technology transfer projects leverage the skills and knowledge of students and researchers in the schools of Management, Engineering, and Technology, and lead to the commercialization of exciting new technologies. You'll see that Krannert students take the lead in many activities, including those related to entrepreneur- ship, case competitions, professional development and career awareness, and volunteer initiatives. Krannert's most important achievements are measured by the friendship of our constituents, who provide the foundation for the successes noted in Portfolio. We value you as a friend and as a graduate. We look forward to identifying ways for you to continue to participate in our future. Sincerely, ^;;tM,Ui/^^^e<hM^^ Dennis J. Weidenaar Dean -TV r K B R A N N THE ALUMNI MAGAZINE OF THE PURDUE UNIVERSITY KRANNER.MonT GRADUATE SCHOOL OF MANAGEMENT AND SCHOOoL OF MANAGEMEN T SPRING 1998 VOLUME S ISSUE 1 Management Skills^ ,^ for th^ page 4 Ne^v Millennium 2 Technology Transfer Initiative: Making Innovation Happen 4 Where Are They Now/? 7 Alumni Profile: Gayle Johnston ON THE COVER From left: Julie Kelley, MSM; 8 Business in the New Millennium Rajesh Krishnamurthy, MSM; Prof. Ananth Iyer, operations management; Theodore 10 Student News Jackson, MSM; and Prof. James Ward, operations 18 Alumni Profile: Karl Krapek management, use SAP R/3 software in Krannert's Enterprise Integration Lab. 19 School News See story, page 8. 22 Alumni Profile: Richard Dauch Technology Transfer 23 Faculty Matters Initiative ^^^ 26 Alumni Agenda 30 Krannert Investors page 2 34 Class Notes Richard •)ch for 4^4^ t^roduc^ion page 22 Technology Transfer Initiative doing something for students that maklr IT IS WIDELY ACKNOWLEDGED THAT IN ORDER FOR would also help Purdue," Peterson says. "I believed that business students AMERICAS HIGH-TECH COMPANIES TO would benefit from research and BECOME MORE COMPETITIVE, THEY MUST IMPROVE THEIR PERFORMANCE training across the disciplines." "Alan's sense is that in order to IN COMMERCIALIZING lc|p^_ JNEW TECHNOLOGIES. understand innovation it takes an by Karin Dienst interdisciplinary perspective," Thursby Stephen Green, organizational Research Internships says. "He appreciated Purdue's behavior, with assistance from Going beyond the classroom, TT! ^ • ^ lie Technology Transfer strategic advantage: our science and Purdue's Office of Technology also supports on-campus student ' ' Initiative (TTI) at Purdue's engineering programs are large, as Transfer Students learn about the internships that offer experience in Krannert School is a multi- well as excellent, and when combined issues that influence decisions about developing and commercializing disciplinary educational effort with Krannert's management whether or not to back a technology, technologies. Although unusual in programs, are truly outstanding. tf •» that develops professionals and how to develop new products and both stvie and substance, the value; who know how to take an idea from Purdue's technically oriented pool of processes. Game theory is also applied conception to commercialization. students is ideal for this kind of to analyze some R&D issues. Team Capitalizing on academic 'experiment.'" projects are an integral part of the strengths across Purdue's schools, TTI TTI is located at Krannert, a course — students develop commer­ promotes interdisciplinary education manifestation of the School's goal to cial feasibility studies for new and research of innovation and prepare students to become leaders in technologies developed at Purdue. technology transfer. Students and the new management environment, This spring, Thursby and Arden faculty who have a basic knowledge which is characterized by changing Bement, Jr, Basil S. T\irner Distin­ and the skills of engineering, science, technologies, globalization, guished Professor of Engineering, and management are well equipped to teamwork, and extensive communica­ team taught a new course: Global facilitate technology transfer by tion networks. Issues in Technology Management. combining issues relevant to research In the past five years, TTI has The course provides students with an and business environments. incorporated new technology understanding of the need for The Technology Transfer Initiative management courses into the managers to be knowledgeable about started in 1993 after a year-long curriculum, supported faculty and prepared to respond to global dialogue between Alan Peterson, HDR research, organized on-campus changes in economic and technologi­ internships, offered dissertation '91, chairman of litigation support cal environments. "We look at the From left: Joe Vanmeter, MSM, consultancy Tlicker Alan Inc., and awards, and conducted bench­ interface between technology and Prof. Marie Thursby, Barbara Newman, and Gabriel Odeh, MSM Marie Thursby, ITI director and marking surveys. business," Thursby says. The course Burton D. Morgan Chair of Inter­ Courses in Innovation includes management and engineer­ these internships has been readily national Policy and Management (see ing students who form teams to work A Krannert education emphasizes the apparent. "The TTI internship offers stor}\ page 24). Peterson, CPA, and on projects submitted by corporations. close relationship between business an interactive model of research," his wife, Milly, are primary supporters and technology Courses developed by Other curriculum developments Thursby says. "It presents a real-world of TTI. He is also a member of the faculty associated with TTI examine are scheduled — including a course learning opportunity in real time." Krannert Dean's Advisor}' (Council. issues of technological innovation for undergraduates about developing A current internship pairs "When the idea of what later and management. and commercializing technologies. Krannert master's students Gabriel became the Technology Transfer This multidisciplinary course will Odeh and Joe Vanmeter with Todd Initiative came to me and to Charles The Technology Management course was developed by professors include faculty from the schools of Hastings and Dallas Morisette, Lawrence (professor emeritus of Thursby; Arnold Cooper, Louis A. Weil, Engineering, Management, Pharmacy doctoral students in electrical accounting), we were thinking about Jr., Professor in Management; and and Pharmacal Sciences, and Science. engineering. The engineering students are developing technically Krannert I'ortfolio 2 Spring I<Ji)8 innovative concepts suitable for of technology and in dealing with From left: doctoral student in electrical engineering product development, while the engineers who develop technology For Todd Hastings, Prof Jerry management students are analyzing the engineering group, it develops an Woodall, Joe Vanmeter, MSM, and Dallas Morisette, the concepts for business value and, understanding of the economic and doctoral student in electrical when necessary, suggesting modifica­ marketing issues that are determining engineering tions to the technical plans. factors in product development." Jerry Woodall, Charles W. Harrison The students, who have made Distinguished Professor of Microelec­ presentations to Purdue's Board of tronics, says the interdisciplinary Trustees and the President's Council, their inventions, new ventures face TTI is involved in several other experience is of great value to are proud of their accomplishments. many challenges — most of which research activities that explore the students. "Most successful start-up "Our products are superior to what is are business related. Our students are impact of universit\' research on companies are run by both an currently out there," Odeh says. "We bright and well-trained. They could industrial productivit)'. During the engineer and a business manager expect to have companies interested in provide valuable input to these past year, Thursby surveyed the This internship is designed
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