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  • [MUSIC]

  • I'm Garth Saloner,

  • I'm the ninth Dean of the Graduate School of Business at Stanford University.

  • I'm delighted to be with you here today.

  • This is an annual opportunity for me to talk to you a little bit about what's been

  • going on at the school over the last year, and where we're headed.

  • One of the great things about Stanford is that it is an immersive experience.

  • >> It's the experiential aspect that I think creates learnings that we

  • can sort of take to the real world.

  • >> One of the things that we remain extremely proud of at

  • the GSB is the diversity of our student body.

  • More than 40% of our students are non-US passport holders.

  • Around 35 to 40% of our students each year are women.

  • We believe that having a diverse student body provides the backgrounds and

  • experiences that allows all of the students to learn from and

  • challenge one another.

  • >> The diversity here has been a, it's definitely a value added.

  • >> When we built the night management center, we were able to build it right

  • across the road from the preexisting Schwab Residential Facility, and

  • what we've learned from doing that,

  • is that we have created a just marvelous learning building environment.

  • So we have started the process of adding a second residential facility that will

  • sit alongside Schwab.

  • It will have the same look and feel that Schwab has.

  • Very much Stanford on the outside, but

  • with these beautiful vibrant colors on the inside.

  • [MUSIC]

  • >> If you increase price by one unit, quantity goes down.

  • >> One of the amazing things about the GSV,

  • is the rate of innovation in our elective curriculum.

  • This coming year we will have 150 electives,

  • about 28% of those electives are gonna be brand new electives this year.

  • >> Stanford really encourages you to set your own course.

  • And you're supported in that with people who really know what your interests are.

  • >> It's kind of an all you can eat buffet of opportunities at Stanford.

  • >> All of this activity that I'm talking about, of course,

  • requires additional faculty resources.

  • So the faculty has grown to about 117 today from around 102 in 2009.

  • As we do this, we go slowly making sure that we add faculty of the quality

  • that all of you remember from your time at the GSB.

  • We've made a very significant investment in educational technology,

  • in order to prepare ourselves for the kinds of innovations that we

  • know we're going to want to make over the next few years.

  • We have built a set of studios that allow us to create very high level content.

  • >> So you can see this pattern played out repeatedly in this chart.

  • >> One of the most important ways in which we're applying it in

  • the short term is actually for our own students.

  • >> I think the reason I liked it so much was I could rewind, I could fast forward,

  • I could print out transcripts and take them with me, wherever I wanted to go.

  • >> You are able to learn at your own pace, pick up that information.

  • And then now you're incorporating it in real time with other people.

  • >> One of the things which I think we've really learned how to do in the last

  • couple of years, is how to beam our faculty out of

  • the night management center into facilities abroad in a way that

  • appears essentially seamless to the students in those facilities.

  • >> First of all, hello Californians.

  • >> We were incredibly honored, in March, when the First Lady, Michelle Obama,

  • on her trip to Beijing, used the highly immersive classroom to connect a group of

  • students in China with a group of students here at Stanford University.

  • Technology, when it's done well, makes geography disappear.

  • [MUSIC]

  • Stanford Ignite is the program that we've been using to really extend our

  • reach internationally.

  • We took it successfully to India and France last year.

  • And this year we're adding Chile and China with a program at our center in Beijing.

  • We also offered a version of the program for special forces veterans who

  • are transitioning from the special forces to civilian life.

  • One of the advances we made within executive education in

  • the last few years is developing custom programs where we

  • have a very tight engagement with senior management at very significant companies.

  • We broadened that this summer to Intel and General Motors and

  • those are examples that we're looking forward to replicating in other cases.

  • We've established a hub and a [UNKNOWN] for

  • seed, which is the Stanford Institute for Innovation in Developing Economies, and

  • we're expanding on the work that we've been doing there.

  • We're working with companies that we believe have the potential to scale to

  • provide employment and resources for their communities.

  • And through that, to lift their communities out of poverty.

  • This year we've augmented the SEED's activities by creating what we

  • call the Global Development Program, which is a university-wide research program that

  • SEED developed in conjunction with the Freeman Spogli Institute.

  • And this year we were able to reward grants of $4.6 million to

  • support that work.

  • [APPLAUSE].

  • >> Have a good weekend.

  • See you Tuesday.

  • >> This year two icons of entrepreneurship at the GSB, Chuck Holloway and

  • Irv Groesbeck, stepped down from their roles as faculty co-directors of

  • the Center for Entrepreneurial Studies.

  • They have created what is without doubt the premier center for

  • entrepreneurial studies of its kind in the world, and the lead that the GSB has

  • in this domain is very much thanks to the efforts of Chuck and Irv.

  • We would not be able to do any of these large number of things that I

  • have spoken to you about today without your involvement,

  • without your advice without your support and, and for all of that, I thank you.

  • [MUSIC]

[MUSIC]

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B1 US stanford faculty schwab program center seed

2014 Year in Review: Stanford Graduate School of Business

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