Business people really didn't understand how to approach social problems, and government didn't understand business. And nothing much was being done about it. Miller decided to do something about it. First, he recruited Henry Rowen, president of the Rand Corporation, then formed an advisory group that included professors Bob Jaedicke, Lee Bach, Gene Webb, and Jim Patell. While some of these issues are still being bandied about, today there are many more frameworks for these discussions.
New terms evolving into common usage include social entrepreneurship and venture philanthropy.
The latter is the topic of next year's student initiative. A lot of people have ideas, but they die. For better or worse, business is the most influential societal institution. We are an elite business school and we have a responsibility to educate well the people who are going to be leading this society. While the focus of the PMP has shifted over the years, its basic values remain the same, she said.