Krannert
Krannert Graduate School of Management
Fall 1977
Purdue University
$1 Million Endows Chair of Private Enterprise
In May, Purdue University President Arthur G. Hansen announced that the $1 million goal to endow the Chair of Private Enterprise had been exceeded. The fully endowed Burton D. Morgan Chair will be established in the School of Management and Krannert Grad¬ uate School of Management.
^According to Dean John S. Day the ^nair's purpose will be to serve as a /ocal point for the gathering of data and information about business and industry. In addition it will com¬ municate research and information to citizens, scholars, and decision makers which will help them under¬ stand the functions and activities of business and industry in the United States.
A search committee responsible for identifying appropriate candidates for the chair was recently formed. Faculty members serving on the com¬ mittee chaired by Dean Day include: Frank M. Bass, Loeb Distinguished Professor of Management; Associate Professor Daniel L. Jensen; Associate Professor Dennis J. Weidenaar; and Emanuel T. Weiler, Krannert Dis¬ tinguished Professor of Management and Economics. Business representa¬ tives from the Purdue President's Council are: Joseph E. Godfrey, vice president and group executive. Body and Assembly Group, General Motors Corporation; Burton D. Morgan, presi¬ dent, Basic Search Company; Compere Loveless, president, Aldcomp, Inc.; and Louis A. Weil, president and director, L-ederated Publications, Inc.
burton D. Morgan, chairman of the President's Council committee which established the chair, received a B.S.M.E. degree from Purdue in 1938.
F. G. "Buck" Rodgers, vice president of IBM Corporation, addressed graduates and guests during the summer commencement exer¬ cises for Krannert M.S. students.
School Holds Summer M.S. Commencement
For the second consecutive year, students completing the M.S. pro¬ grams in July elected to hold a special summer commencement.
Fifty-three of the 90 M.S. degree can¬ didates attended the commence¬ ment exercises held July 10 in the Krannert Auditoruim. F. G. "Buck" Rodgers, vice president of IBM Corpor¬ ation delivered the commencement address.
Prof. Randall Schultz, director, profes¬ sional programs in management, greeted graduates, faculty, parents, and friends. Fred N. Andrews, vice president of research and dean of the Graduate School, welcomed the parti¬ cipants and assisted Dean John S. Day in conferring the degrees. Frank
Sterner, associate dean, announced Krannert Scholars.
Following the ceremony, the degree recipients and guests attended an informal reception in the Krannert Drawing Room.
Of the 90 July graduates, 60 com¬ pleted the M.S.I.A. program, 20 com¬ pleted the M.S. program in manage¬ ment, and two completed the M.S. in industrial relations program.
Applications to KGSM Programs Increase 22%
The Krannert Graduate School of Management has noted an upward trend each year for the past five years in applications to its professional Master of Science programs. Applica¬ tions have increased 100 percent in the period 1972-1977.
In 1977 alone applications increased by 22 percent—the largest increase in the actual number of applications in the school's history. The recruiting year's more than 750 applications is the largest number ever received. This significant increase in the vol¬ ume of applications compares to a three percent average increase in applications to MBA. programs nationally.
The increasing number of applications allows the school to become more selective in the admissions process thereby strengthening the academic quality of each entering class.
In 1977, 165 new students will be admitted to the two professional M.S. programs compared to 197 admitted in 1976. The number of entering students will vary each year as the school maintains approximate¬ ly 275 M.S. students in residence.