Charting the Future
These are just a few of the major, complex challenges facing business leaders
today. But with challenges come opportunities, and business schools should
be at the forefront of addressing the challenges and creating new opportunities.
That is where the Smith School chooses to be. We care about the world’s big
problems. And we have the intellectual capital, creativity and entrepreneurial
vision to contribute to big solutions.
To be relevant both now and in the future, business leaders must understand
the global economy and the forces reshaping it. They must have the ability to
work effectively with diverse cultures and markets. And they must adhere to the
highest standards of corporate ethics and social responsibility.
The Smith School is educating men and women to become agents of positive
change in the world. We want to broaden their horizons, exposing them to new
business practices, different cultures and new ways of thinking.
Our goal is to help every Smith graduate apply business acumen within and
beyond traditional business disciplines, to create value for their organizations
and their communities, in ways we haven’t yet imagined.
We will be a world leader in generating new
knowledge in the emerging global economic and business paradigm and providing
thought leadership to students, corporate executives and policy makers, so that
they can be agents of both economic prosperity and transformative social change.
We want to continue to be counted among the top business schools in this country and the
world. We want to be known for superb scholarship, excellent students and
flawless operations, not just among those who know us well, but everyone.
Our Core Values
Creativity, innovation and entrepreneurial spirit –
Innovation with a purpose brings value, and creating value is at the heart of
the enterprise. At Smith, we value innovation as key to business education in
the modern world.
Integrity and accountability –Integrity, accountability and
reputation management are essential to free markets and the conduct of global
business, and are cornerstones of the Smith community.
A global view embracing diversity – The world is
increasingly more interconnected; this requires an understanding of and an
appreciation for cultures and people beyond the school’s walls. At Smith, we
value the rich contribution of people of many backgrounds and perspectives, and
recognize that excellence cannot be achieved without diversity.
Taking Responsibility for the Future
Smith will be at the forefront of understanding and exploiting the modern
world’s evolving business models. We will increase the strengths of our academic
programs on all fronts and faculty quality across all departments.
Growing Global Citizens
Tomorrow’s business leaders need to grapple with emerging markets and the
growing integration of the world’s economies. We will immerse our students in
complex and evolving marketplaces where critical thinking, creativity and
entrepreneurship are at the core of the enterprise.
Social Value Creation
We will lead in the University of Maryland’s efforts to address issues of
environmental sustainability and global citizenship. Smith is committed to
institutionalizing our social impact programs to better prepare students to lead
in a world that needs both economic prosperity and transformative social change.
Leading in the Nation’s Capital
We will increase our engagement with the vast array of non-profit organizations,
governmental agencies and socially conscious for-profit companies in the
Washington, D.C., metropolitan area. We will be thought leaders in the newly
constituted financial world, and provide education and advice for productive and
effective public/private partnerships.
Essential Building Blocks for Success
Faculty and staff
Our faculty are the single most important factor determining the reputation,
impact and visibility of the Smith School. We will vigorously recruit, retain
and support faculty and staff of the highest quality. From competitive
compensation and investments in infrastructure, to support for research and
family-friendly policies, we will compete with the world’s best business schools
for outstanding faculty.
Our alumni are talented, influential, highly placed, and eager to help us
enhance our reputation. Working as partners with the Smith community, we will
successfully double our endowment to $100 million, build greater pride in the
Smith School among our alumni and friends, and more widely and effectively
communicate our successes.
Culture of collaboration
We will pursue partnerships within the University of Maryland, with the vast
array of non-profit and governmental agencies in the Washington, D.C.,
metropolitan region, and with industry leaders and corporations to enhance our
educational offerings and the reputation of the Smith School brand.
Resources and administrative efficiency
We will be disciplined in allocating existing resources in support of our
priorities, generating additional revenue, and relentlessly seeking greater
efficiency in everything we do. Transparency and accountability will underlie
all our actions.
This vision is...
- It places the Smith School at the forefront of the world’s most
- It will require a great deal of additional funding, above and
beyond our normal and expected revenue increases.
- With the support of our alumni, University of Maryland
administration, faculty, staff and students; and in collaboration with our key