Business

Overview

The rise of the global marketplace has meant that business wields tremendous power; in fact, of the world’s 100 largest economic entities, nearly half are corporations. As a force for good, business has the potential to positively impact the human community on a grand scale, lifting people from poverty, providing education, promoting human rights. But we have also seen the destruction that business can cause, especially when business leaders do not adhere to the higher values of ethics and morals.

In building a premier global Catholic business school that fosters academic excellence, professional effectiveness, and personal accountability, the Mendoza College of Business seeks to educate future business leaders who will be faithful to the ideals of community, human development, and integrity. This mission springs from the words of John Cardinal O’Hara, who served as the very first dean of Notre Dame’s College of Foreign and Domestic Commerce (now the Mendoza College of Business) when it was founded in 1921:

“The primary function of commerce is service to mankind. Business has a code of ethics based very largely on divine principles. When this code is followed, commerce can and does advance civilization. When it is overlooked by selfish interests, individual or national, every sort of injustice, from petty thievery to world war, may result.”

Thus, the Mendoza College’s charge to members of its community to “Ask More of Business” — to exemplify individual integrity, support organizational excellence, and exhibit a concern for the common good — is not simply a response to contemporary trends, but the modern embodiment of a nearly century-old legacy.

It is the enduring nature of this commitment that both sets the Mendoza College apart and distinctly equips its students, faculty, alumni, and other stakeholders with the thought leadership to meet the challenges of an ever-evolving business world.

 

As a force for good, business has the potential to positively impact the human community on a grand scale, lifting people from poverty, providing education, promoting human rights.

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News

Goals

Business has identified four overarching goals as part of its strategic planning process, each of which advances two or more of the five University-wide goals:

1. Provide thought leadership for “Ask More of Business”

Caitlin Crommett When she was just 15 years old, current Notre Dame business major Caitlin Crommett founded DreamCatchers, a volunteer organization that works with hospice care professionals to fulfill the dreams of terminally ill patients. Today, her vision of fulfilling the dreams of others is now active in 10 states and counting.

University Goals Supported

  • Goal I: Ensure that our Catholic character informs all our endeavors
  • Goal III: Advance human understanding through scholarship, research, and post-baccalaureate programs that seek to heal, unify, and enlighten
  • Goal V: Engage in external collaborations that extend and deepen Notre Dame’s impact

Strategies

  1. Develop the next iteration of the positioning statement “Ask More of Business” by better communicating each program’s unique competitive advantage as it relates to the statement and then organize/expand external communications to create a sustained, coherent, and frequent voice and presence on the “Ask More” theme
  2. Establish educational and research centers that align with the college’s mission, while leveraging faculty expertise in emerging areas within its programs and departments, to achieve a culture of preeminent research in the context of business for good, such as a center focusing on sustainability issues
  3. Provide innovative enhancements to current “Ask More” programs (e.g., Global Commons and Business on the Frontlines)
  4. Foster the Notre Dame Deloitte Center for Ethical Leadership’s efforts to produce discernible results by piloting the character project and hosting additional conferences that explore character ethics
  5. Develop courses and thought leadership in the study of American enterprise as it relates to new business creation, Catholic social teaching, and ethical business leadership
  6. Convene a Nonprofit Professional Development Advisory Council to support and guide the nonprofit program by, among other activities, reviewing curriculum for relevance, identifying donors/resources, recruiting for degree and non-degree programs, and assuring alignment with the University’s Catholic character

2. Create and deliver premier educational programs

Foresight in Business and Society Course“Foresight in Business and Society” is a signature course of the Mendoza College that provides knowledge and skills students need to plan for future challenges.

University Goals Supported

  • Goal II: Offer an unsurpassed undergraduate education that nurtures the formation of mind, body, and spirit
  • Goal III: Advance human understanding through scholarship, research, and post-baccalaureate programs that seek to heal, unify, and enlighten

Strategies

  1. Ensure the undergraduate program continues to flourish by implementing additional curricular innovations along the lines of the “Foresight” course as well as enhancements to current curricula, such as commercialization analytics
  2. Create an institute that combines strategic foresight, innovation, and entrepreneurship that will establish Notre Dame as the thought leader and facilitator of best practices
  3. Continue to introduce one-year specialized degree programs, patterned after the Master of Science in Business and the Master of Science in Accountancy, in areas such as business fundamentals, finance, business analytics, and real estate to capitalize on the growing trend of business school applicants looking for niche programs
  4. Promote the Notre Dame MBA to top prospective students by offering stronger fellowship support and integrating business analytics, design-thinking, and other contemporary topics into the curriculum while enhancing experiential learning opportunities
  5. Retain the Executive MBA’s reputation for values-based leadership training as the program further develops its recently updated curriculum, builds a plan for international programming, seeks new corporate partnerships, and leverages its move into the Stayer Center for Executive Education
  6. Strengthen the MNA by developing partnership degree programs like the one that has been initiated with Renmin University in Beijing

3. Advance research excellence

Finance Professor Robert Battalio appeared before a Senate subcommittee to testify about research co-authored with fellow professor Shane Corwin showing conflicts with stock orders placed through brokers.

University Goals Supported

  • Goal III: Advance human understanding through scholarship, research, and post-baccalaureate programs that seek to heal, unify, and enlighten
  • Goal V: Engage in external collaborations that extend and deepen Notre Dame’s impact

Strategies

  1. Seek preeminent tenured and tenure-track faculty to fill endowed positions, furthering Mendoza’s reputation for thought leadership
  2. Increase the number of tenured and tenure-track faculty in concentrated strategic areas of expertise within the college’s four departments, including business analytics, global investment, health information technology, and organizational behavior
  3. Undertake research-related projects and academic conferences requiring cross-discipline cooperation that produce important scholarship of their own
  4. Promote faculty expertise and thought leadership through participation in media outreach in order to elevate the reputation of the Mendoza College

4. Increase international presence

Fighting to Rebuild CommunitiesKeith Flatley (MBA ’09), former member of the Army’s 101st Airborne Division, along with fellow MBA students from the Mendoza College of Business, traveled to Bosnia as part of the college’s innovative “Business on the Frontlines” course.

University Goals Supported

  • Goal I: Ensure that our Catholic character informs all our endeavors
  • Goal III: Advance human understanding through scholarship, research, and post-baccalaureate programs that seek to heal, unify, and enlighten
  • Goal V: Engage in external collaborations that extend and deepen Notre Dame’s impact

Strategies

  1. Cultivate international partnerships with institutions (e.g., the Renmin University dual-degree program) that will provide a platform to showcase the Notre Dame brand and impact society by training values-based leaders throughout the world
  2. Develop an executive education international programming strategy with premier Catholic universities in select geographic regions (e.g., Latin America)
  3. Partner with international universities to establish global education programs (GEPs) that will expand immersion opportunities for MBA students
  4. Explore further development of the Business on the Frontlines approach, which aims to help restart economies after violent conflict by providing sharable thought leadership

Learn more about the Mendoza College of Business by visiting business.nd.edu.