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Fifth Year Maintenance Report - University of Minnesota

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• On-line programs in business are expanding. As these programs get better recognized and<br />

perhaps accredited, demand for in-person education could decline.<br />

• National and regional business school programs are moving into the area.<br />

−<br />

Bethel <strong>University</strong> recently started a weekend/online MBA program in Duluth, and<br />

Saint Mary’s <strong>University</strong> and the College <strong>of</strong> St. Scholastica have started MBA<br />

programs in Duluth.<br />

• The Carlson School is doubling the size <strong>of</strong> its undergraduate business program. Since<br />

there has been pent-up demand for entrance into the Carlson School over the years, it is<br />

possible that some <strong>of</strong> our better students might start at, or transfer into, the Carlson<br />

School.<br />

• The high school cohort is shrinking. This trend is troubling for all higher education<br />

institutions, and there is no reason to expect that LSBE would be impacted more or less<br />

than business schools at other universities.<br />

C. Degree Programs Included in the Accreditation Review<br />

TABLE 2. DEGREE PROGRAMS INCLUDED FOR ACCREDITATION REVIEW<br />

Degree Program Number <strong>of</strong> Graduates in Previous <strong>Year</strong> (2007–08)<br />

BAcc 76<br />

BBA 391<br />

MBA Duluth 9<br />

MBA Rochester 17<br />

Note: 2008–09 figures won’t be known until the end <strong>of</strong> summer session, after this report is due at<br />

AACSB. The 2008–09 figures will be available for the Assessment Team during their October visit.<br />

II. Mission Statement<br />

A. Our Statement<br />

In the spirit <strong>of</strong> continuous improvement, LSBE has revised its mission statement as appropriate.<br />

Our current mission statement, unanimously approved November 15, 2007 by the LSBE Senate,<br />

reads as follows:<br />

1. Mission<br />

Our mission is to contribute to the intellectual and personal growth and development <strong>of</strong><br />

individuals to enhance their competence in business and management. We achieve our<br />

mission through teaching, intellectual contributions, and service activities. Our primary focus<br />

is on undergraduate teaching. We <strong>of</strong>fer high-quality undergraduate programs to students<br />

primarily from <strong>Minnesota</strong>. Additionally, we <strong>of</strong>fer part-time evening and weekend MBA<br />

programs to practitioners in selected regions in <strong>Minnesota</strong>. Our secondary focus is on<br />

intellectual contributions. We place primary emphasis on discipline-based intellectual<br />

__<br />

6

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