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"UT led the charge for MBA program restructuring across the country, and this program was widely recognized and studied by other MBA competitors" Dr. Sarah Gardial, |
The MBA degree has a long and respected reputation in the business world. The basic structure and content of an MBA degree was spelled out in a Ford Foundation report in 1960, and this model was widely adopted by MBA programs around the world. Along those lines, UT launched its first MBA program in 1966. Unfortunately, MBA programs continued to look much the same for the next 20-30 years, despite a rapidly changing business environment. Eventually, this produced a strain, as 1960's era MBA programs across the country came under increasing fire from corporations in the mid 1980's. The MBA was becoming irrelevant, they said. MBA graduates did not have the skills to be successful; companies were spending millions of dollars retraining MBAs, and MBAs were known for their arrogance and job-hopping. In 1988, the University of Tennessee decided to reexamine
its MBA program. It convened a meeting between UT faculty and representatives
from several Fortune 500 companies, including Xerox, Procter and Gamble,
and Texas Instruments. Industry talked, and the academics listened. The
result of that conversation was a radical restructuring of the UT MBA
in 1991. This program was the first of its kind in the country to offer
a fully integrated first year curriculum. UT broke the old Ford Foundation
model, and created a new program with the following objectives: If the program begun in 1991 was so good, why did UT restructure the program again, launching its latest program in fall 2001? The answer is simple: because the business world keeps changing. In light of changing technologies, globalization, information management, and cross-corporation partnering, we continue to change in order to stay relevant to the business world. To learn more details about our new, integrated 17-month program, see the Program Details section of this web site. We think you'll be excited about what you see, and impressed by UT's continuing commitment to innovation in MBA education |