Students come to us with international business experience, and they often expand that experience while they're here through jobs and international trips organized under the umbrella of the Global Management Program. We have to be sure our global research agenda and curriculum matches their experience. The challenge is to find a way to create opportunities for faculty research and course development that use their time efficiently. The School proposes to build a residential education center for executive education participants and graduate students. We recognize that no matter how pleasant the Stanford campus is, it will not be possible to continue to be competitive in executive education if we continue to use the undergraduate dorms for executives.
Executive education is a valuable part of our mission.
It provides opportunities to share our academic work with business leaders and to build relationships with the firms that send people to our programs. We are committed to using our small, cohesive faculty, nearly all of whom teach in our other programs, so that our executive programs reflect the same research and course development model as our degree programs. In collaboration with the University administration, we chose the latter. So today we are planning the residential education center. We know that at our size we do not have the resources to offer a year-round full menu of executive programs like those we offer in the summer.