Purdue's reimagined business school named after an innovative leader sets off for an exciting future
WEST LAFAYETTE, Ind. – Purdue's next big move in a major 10-year series of strategic investments will be a state-of-the-art Mitchell E. Daniels Jr. School planned by the prominent architects who led the transformation during his tenure. I would like to praise a president who is a great president. The doctorate in business was approved by the university's board of governors on Friday (February 3). The new Daniels School will build on the hallmarks of a Purdue education, such as STEM disciplines and business analysis, to develop tomorrow's leaders and entrepreneurs.
Daniels, Purdue's 12th president, who retired from his position in December, said: “It has been an immense honor to be involved in all aspects of Purdue's academic enterprise, but this is especially deeply moving for me. ” he said. “When practiced with integrity, business careers are the noblest choices in life. They create new jobs and wealth for others, and they create resources that the public and nonprofit sectors use to pursue their goals.” This modernized business school will produce graduates with a sense of mission and the tools to fulfill that mission in the most complex companies.
This announcement (Watch YouTube videos) marks the first time that Purdue's business school has been officially named. Since naming began, the board has committed to preserving the Krannert name, long associated with the school's graduate student offerings, on graduate and executive degree programs within the newly named Daniels School.
Envisioning a new course in business education, the Daniels School attracts graduates who embody the values of wisdom and creativity, with a strong understanding of today's technology and its expected evolution. People who know the history of progress that corporate freedom has created and continues to advance. and someone trained to lead and inspire others with strength and determination. The reimagined Daniels School instills these values and qualities, preparing each graduate who leaves Purdue to establish and lead a business and become the successful entrepreneur and industry leader of tomorrow.
The new name not only celebrates Mr. Daniels' acclaimed tenure as Purdue president, but also his acclaimed business acumen in the private sector. Prior to joining Purdue, Daniels held several top positions during his 11-year career at Eli Lilly and Company, including president of Eli Lilly's North American pharmaceutical operations and senior vice president of corporate strategy and policy. I have held executive positions. As part of Daniels' management team, his wealth, income, and income more than doubled during the longest tenure of his professional life. He also served as CEO of the Hudson Institute, a leading contract research organization, and has served on the boards of numerous public and private companies, including Penske Entertainment, Norfolk Southern Corporation, and Interactive Intelligence. .
As Indiana's 49th governor, Daniels inherited a nearly $800 million deficit and turned it into an annual surplus of $370 million within a year. Daniels reduced the state's overall debt by 40%, leaving Indiana with a budget surplus, a reserve fund equal to nearly 15% of annual spending, and his first AAA credit rating. The public-private Indiana Economic Development Corporation achieved its first legislative success during Daniels' tenure, breaking previous records for new job creation in the state and resulting in more than $18 billion in new investment. In 2008, Site Selection Magazine and CNBC both named Indiana the nation's most improved state for business. Thanks to the turnaround under the Daniels administration, Indiana remains well-positioned in national rankings for business attractiveness and job creation to this day.
“President Emeritus Mitch Daniels is considered the most innovative university president in America, and his leadership in private sector business is as great as his public service. It is truly fitting and exciting to have a growth named after him,” said Mun Chan, Purdue’s 13th president. “With the creation of the Daniels School of Business, Purdue will now have a world-class business school that conducts even more top-notch research and educates many of the future leaders of our technology-driven free market economy. ”
Scientific advances in nearly every economic field have revealed the need for future business leaders to fully understand not just the data in front of them, but where the next breakthrough will come from. At the Daniels School, students gain the skills to collect big data and use it to inform business decisions, making them the most valuable members of society now and in the future. This transformation is rooted in excellence Degree field that combines business analysis and business Leveraging technology will allow Purdue to scale innovation.
Daniels School of Business is leveraging the momentum of enrollment, which has increased 33% since 2019, to significantly increase its undergraduate enrollment and graduate school enrollment, bucking the national trend of declining college admissions. The school has restarted an ambitious plan to double its enrollment. The expansion and renovation will significantly increase the physical size of the facility. The first phase will include not only adding curriculum and experiential education, but also attracting a large group of outstanding teachers and national thought leaders. The Daniels School of Excellence at Scale positions Purdue University as a world leader in business education and a top 10 business school, uniquely preparing its graduates to bring market discoveries and scale innovation. .
The Daniels School will build on Purdue's mission As a university that provides land grants Affordable and accessible education While fusing technology, Excellence and business expertise.Some of its foundations have already been established Purdue University recently launched an integrated business and engineering degree. Highly ranked business analysis program.new Dean V. White Real Estate Finance Programand the Larsen Leadership Academy was further propelled by a $10 million gift from Marshall and Susan Larsen. Larsen's gift was celebrated last fall with the goal of creating a competitive advantage for students entering the business.
Mike Berghoff, chairman of Purdue's Board of Trustees, said Purdue will invest a minimum of $100 million in reopening, along with a $200 million fundraising campaign from loyal donors, and will continue to invest in the Daniels School of Business. He emphasized his firm determination to make it one of the top universities. We serve business schools nationwide through new academic programs, innovative learning opportunities, and top faculty recruitment.
Historically, Purdue has celebrated many graduates who have gone on to become CEOs of Fortune 500 companies. Eight alumni currently hold the role, according to Academic Impact. The move to the Daniels School of Business further builds on Purdue's extensive standards of excellence, including the College of Engineering, which is ranked among the top in the nation for both graduate and undergraduate degree programs by U.S. News & World Report (4th and 9th place respectively).
Purdue is the only university named a “Brand that Matters” by Fast Company in 2022, earning this honor for the second year in a row. Purdue University was also named the #4 most trusted public university in America by Morning Consult. It has been ranked among the top 10 public universities by the Wall Street Journal/Times Higher Education and among the top 10 most innovative universities by U.S. News & World Report for five years in a row.
About Purdue University
Purdue University is a top public research institution developing practical solutions to today's toughest challenges. Ranked one of the 10 most innovative universities in the United States for each of the past five years by U.S. News & World Report, Purdue University delivers world-changing research and otherworldly discoveries. doing. With a focus on real-world learning, both hands-on and online, Purdue University offers an innovative education for everyone. Purdue University focuses on affordability and accessibility, freezing tuition and most fees at 2012-2013 levels, allowing more students than ever to graduate debt-free . See how Purdue University continues its relentless pursuit of the next big leap forward. https://stories.purdue.edu.
Writer/Media Contact: Derek Schultz, dcschultz@purdue.edu
source: Mitch Daniels, Moon Chan
