5-Year Strategic Plan

• Our Constituents:

  We serve students, the academic community, government, industry, alumni, and society as a whole.

  We serve two main student constituencies at the graduate level: those with a technical background seeking management knowledge, and those with management background seeking technical knowledge.

  At the undergraduate level, we serve students who are interested in acquiring core business knowledge with a technical emphasis, as well as in developing specialized knowledge in a particular business domain.

  We attract graduate and undergraduate students from around the globe while maintaining a strong regional base of students, alumni, and corporate and government partners.

• Our Educational Programs:

  We provide graduate programs to satisfy people at different stages of their career: the MBA for those who have prior business experience and seek to broaden their knowledge in business and technology management disciplines, the Masters of Science program for those who seek deep knowledge in specific disciplines, and Ph.D. programs for those preparing for careers in research.

  We provide undergraduate programs to educate future business leaders. We offer the Business & Technology degree that offers students the ability to learn about business and technology as drivers of business success, and allows them to specialize in a specific business discipline. We offer the Quantitative Finance degree for students wanting to specialize in the computational aspects of finance. Both programs provide opportunities to engage in other disciplines. We also offer business minors for all undergraduate students at Stevens.

  All of our programs emphasize the importance of team building, communicating, collaborating, analyzing, and applying knowledge to practice.

• Our Research Endeavors:

  We perform research at the intersection of business and technology, and specifically focus on the following three areas: Creativity and Innovation: Generating ideas, products, and processes; Collaboration and Networks: Understanding the changing nature of teams, organizations, crowds, and markets; Decision Analytics and Big Data: Building collective intelligence.

• Our Service and Outreach:

  We serve the school, the university, and surrounding community through our research, teaching and other outreach activities. We continuously assess and improve our research and teaching with the help of outside advisors drawn from industry and government.

To be a business school with technology at our core that has impact throughout the world. We will attract and delight high caliber students and faculty, and prepare leaders in industry, government, and academia. Our alumni will be engaged and proud.

• Excellence in practical, innovative teaching that provides our students with an educational foundation that will enhance their career and provides them tools and techniques that they can apply immediately to real business opportunities.

• Excellence in practical research that can be used to improve management practice and to enrich our teaching.

• Graduates who are innovative, principled, insightful and capable of leading others in their organizations and who can also roll up their sleeves and get the job done.

• The ability to respond quickly to changes in the environment and the needs of our constituencies.

• Abundant interaction with external communities such as associations, other universities, industry and governments aimed at mutual contribution to the enhancement of the practice of management.

• Respect for the diversity in our students, faculty and staff aimed at enriching our research and teaching and our knowledge and understanding.

• A community spirit that embraces our students, alumni and faculty in the pursuit of learning.

• An organization and culture that rewards initiative and contribution.

• Service with honor and integrity to the Howe School, Stevens Institute of Technology and each other.

• Operational soundness in our operations: simple, transparent, low-overhead administrative processes.

A continuous improvement process has been established which will run under the auspices of a Strategic Management Committee. After formal adoption of the new five-year strategic plan, the strategic directions of the Howe School will be reviewed every year by a committee consisting of a cross-section of the faculty and the Dean of the Howe School. Corrective actions and new directions for the school will be adopted as needed. It is intended to develop a major revision of the Howe School’s strategic plan will be performed every three years and appropriate revisions made.