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User:Hamilton83/Jack Welch Management Institute

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Jack Welch Management Institute
TypeOnline, business education
Established2009
Students~200 (2011)[1]
Websitewww.jwmi.com

The Jack Welch Management Institute at Strayer University is an online educational institution founded in 2009 and based in the United States, offering an executive Master of Business Administration degree and executive certificates for working adults. It was founded by Jack Welch, former CEO of General Electric.

History

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The Jack Welch Management Institute was developed in 2009 by former GE CEO Jack Welch in partnership with Chancellor University.[2] Welch, having previously taught a course at the Massachusetts Institute of Technology sought an opportunity to reach more students than he was able through classroom teaching,[3] and in 2009 agreed to partner with Chancellor University to create a business school aimed at providing leadership training to managers and executives.[4] The Jack Welch Management Institute launched in June 2009,[5] and classes began in January 2010.[6]

Acquisition by Strayer University

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Seeking to expand operations, in April 2011 Welch approached Strayer University, which had a larger geographic base and an interest in developing an executive MBA program, about acquiring the institute.[7][1][8] In November 2011, Welch and Strayer Education, Inc. announced that the Jack Welch Management Institute had been acquired by Strayer University.[9] The deal to acquire the institute closed in December 2011.[10]

Programs

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The Jack Welch Management Institute offers an accredited executive Master of Business Administration[4] and executive certificates[9] covering various business-related topics[11] through online classes.[5] The executive MBA is a two-year program and the certificates are six-week programs.[12]

Welch developed the curriculum, drawing from his management experience as CEO of GE and his experience teaching managers and executives at GE's Leadership Development Center.[5][4] In addition to helping shape the program's curriculum, Welch holds the title of Distinguished Professor at the institute.[13] In 1999 Welch was named "Manager of the Century" by Fortune magazine.[14] He regularly addresses students via video stream, to share his views on current business events.[15][16] At the end of each term students participate in a video conference with Welch.[16]

According to Bloomberg Businessweek, the affordable tuition for the executive MBA program offered through the Jack Welch Management Institute and its flexible schedule makes the program attractive to people who are currently employed but want to earn an MBA.[5]

Welch has stated that he plans to grow the Jack Welch Management Institute into the number one online business school in the world by 2016.[3][17]

References

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  1. ^ a b Megha Mandavia and A. Ananthalakshmi (14 November 2011). "Strayer buys management school started by former GE executive Jack Welch". The Washington Post. Retrieved 11 April 2012.
  2. ^ Paul Glader (22 June 2009). "The Jack Welch MBA Coming to Web". Wall Street Journal. Retrieved 11 April 2012.
  3. ^ a b Scott S. Smith (15 March 2012). "Can-Do CEO Jack Welch Fired Up General Electric". Investor's Business Daily. Retrieved 15 March 2012.
  4. ^ a b c Jim Nichols (23 June 2009). "Jack Welch is joining forces with retooled business school". Plain Dealer (Cleveland). Retrieved 15 March 2012.
  5. ^ a b c d Geoff Gloeckler (22 June 2009). "Jack Welch Launches Online MBA". Bloomberg Businessweek. Retrieved 15 March 2012.
  6. ^ Janet Okoben (6 November 2009). "Jack Welch institute to offer Jan. classes". Plain Dealer (Cleveland). Retrieved 15 March 2012.
  7. ^ Timothy Magaw (21 November 2011). "Chancellor charts new course without Jack Welch institute" (PDF). Crain's Cleveland Business. Retrieved 15 March 2012.
  8. ^ Melissa Korn (11 November 2011). "Welch to Move School Out of Chancellor University". Wall Street Journal. Retrieved 15 March 2012.
  9. ^ a b Eckert, Barton (11 November 2011). "Strayer Education buys Jack Welch Management Institute". Washington Business Journal. Retrieved 20 March 2012.
  10. ^ "Strayer Education, Inc. Reports Fourth Quarter and Full Year 2011 Revenues and Earnings; and Winter Term 2012 Enrollments". 16 February 2012. Retrieved 21 March 2012.
  11. ^ John A. Byrne (15 November 2011). "Look out, B-schools: Jack Welch is moving in". CNN Money. Cable News Network. Retrieved 21 March 2012.
  12. ^ "About JWMI FAQS". Jack Welch Management Institute. Strayer Education, Inc. Retrieved 20 March 2012.
  13. ^ "About Jack Welch". Jack Welch Management Institute. Strayer Education, Inc. Retrieved 24 April 2012.
  14. ^ "FORTUNE - GE's Jack Welch Named Manager of the Century - November 01, 1999". Timewarner.com. 1999-04-26. Retrieved 2010-07-12.
  15. ^ Paul Glader (9 November 2011). "Exclusive: Management Guru Jack Welch Talks About Digital Education, Online MBAs & Modern CEOs With WA". Wired Academic. Retrieved 19 March 2012.
  16. ^ a b "Executive MBA Jack's Involvement". Jack Welch Management Institute. Strayer Education, Inc. Retrieved 20 March 2012.
  17. ^ Antoine Gara (11 November 2011). "Strayer Buys Jack Welch For-Profit". The Street. Retrieved 19 March 2012.
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Category:For-profit universities and colleges in the United States Category:Distance education institutions Category:Business schools in the United States Category:Business education Category:Leadership training

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