Executive Development At SMU
The executive program, the executive development programs are needed for primarily two things: one is, actually three things. One is of course to bring them more resources that we can then add to the faculty research and the PhD support pool. Second is it builds up a relationship between us and the corporate community and that relationship is quite instrumental in getting internship for our students, jobs for our students so that bridge is very important. And the third thing and perhaps I am a minority in believing this, minority amongst faculty, is that I feel that it is absolutely necessary for faculty development. And the reason I feel it is necessary is that most of the disciplines at SMU, not just business, we take Law, it is a very professionally oriented discipline, or we take Information Systems, Information Technology, in all of these we need to know how to walk a talk, how if we have some ideas, how do we get them implemented. The second reason, the additional reason for faculty development is that I don't believe that all the knowledge that is there is between the ears of faculty in a university. I know some very very smart people in the business community who can dance circles around me. And so we need to be learning from them, we also need to understand that the rate at which information has been generated has been increasing every year. And as a consequence, when I was finishing my undergraduate, companies would hire you as a management trainee, they would train you for two years before you actually moved into a job function. Now they want students to be able to do that immediately. And so we don't have the luxury of sequential learning; that you learn academics and then you do experiential learning and then you actually do things. We need to integrate the two. For a variety of reasons, I really really see the need for closer collaboration between industry and academia and faculty develops so much better by working on real problems that need resolution. And when I look at my own research, the papers that are the most highly cited; their origins did not come from academic literature reviews. Their origins were looking at problems that industries said they needed some solutions to.