Fifth Year Maintenance Report - University of Minnesota
Fifth Year Maintenance Report - University of Minnesota
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 />
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