Posted on 06/22/2009 4:53:18 AM PDT by SonOfDarkSkies
Former General Electric Co. Chief Executive Jack Welch is putting his name and money behind a little-known educational entrepreneur, injecting some star power into the budding industry of online education.
Mr. Welch is paying more than $2 million for a 12% stake in Chancellor University System LLC, which is converting formerly bankrupt Myers University in Cleveland into Chancellor University. It plans to offer most courses online. Chancellor will name its Master of Business Administration program The Jack Welch Institute.
...
Online higher education will generate revenue of $11.5 billion this year, EduVentures says. But "there is a concern about quality," says EduVentures Chief Executive Tom Dretler, because there's "much, much less selectivity" of students in the admissions process.
Mr. Clifford and Mr. Welch say they want Chancellor's MBA program to be high quality and have met with several Ivy League professors, but declined to disclose names.
Noel Tichy, a professor at the University of Michigan's Ross School of Business and former head of GE's Crotonville executive training program, will be the dean of the Welch Institute starting in July.
Mr. Welch says the MBA program will integrate his philosophy of leadership and human resources into a 12-course curriculum designed for mid-career workers.
(Excerpt) Read more at online.wsj.com ...
There’s a reason they call him “Neutron Jack”.....
MBA applicants will need an undergraduate grade-point average of at least 2.8, and won’t be required to submit Graduate Management Admissions Test scores, the test widely used by graduate business schools to help select students.
Lets see if he hires all East Indians and Chinese to teach it.
Cheers!
I have taken many (for no credit) and they are really great. Here's the link...
Opensourceware.com
Voluntary acceptance that performance at the bottom 10% level means leaving an organization of productive workers can only be a good thing. Every new hire at GE knew that going in! Only a career suer (pronounced sewer), or his enabler the lawyer, would want it different! If gummit (or more private companies, for that matter) took that approach, most of the crooks, con-artists, bureaucrats wouldn’t rise to their current level of incompetence. Obviously, the bottom 10% of ex-GE employees named him Neutron Jack. The top 90%, and some of us non-GE types see his common sense approach worked miracles. That and his annual ‘lengthen his shadow’ kickoff meeting to get everyone pulling the same direction. That said, dunno if he made that the focus of his Online MBA or not!
Welch is no genius. His "genius" is that he has convinced a lot of people to hire him.
Ted Kennedy would’nt have either...
The list is looonnnnggggg.......
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.