Wharton Alumni Magazine
Summer 2003
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Learning Never Stops

Reunion 2003

Who Knows Best When It Comes to Protecting Shareholders?

Departments

Wharton Now

Knowledge@Wharton

Alumni Association Update

Leadership Spotlight

Continued from previous page

You Never Graduate

Jerry Wind

Jerry Wind, Lauder Professor and professor of marketing, first started teaching at Wharton in 1967, back when the Soviet Union was still a world power and man had yet to set foot on the moon. Over the years, he has helped initiate a series of educational innovations at Wharton – including the executive MBA program for working managers, the Lauder Institute for international studies, and reforms of the MBA curriculum, as well as founding and directing the SEI Center for Advanced Studies in Management, the first "think tank" on the future of management education.

His current brainchild, the Wharton Fellows, arose directly out of discussions with senior executives about the difficulty of keeping up with new knowledge and business transformations such as e-business and biosciences. The Fellows represents one of the most ambitious and creative attempts to develop a true platform and network for life-long learning. There is pointedly no graduation ceremony for the Fellows program. "You don't graduate from the Fellows," Wind said. "You are inducted into the Fellows. The Wharton Fellows is built around a collaborative process between faculty and Fellows. About half of the 100 executives who have joined the Fellows are involved in continuing to refine both the content and structure of the program. "The network of Fellows is two way," he said. "We tell them about new research we are coming up with, and they identify challenges important to them so we can work together to develop solutions. We put together Fellows, faculty and experts. There is not an assumption that faculty know everything. This is a different concept of what education is."

True to its focus, the program itself has been completely transformed since its inception – several times – in response to the input of executives and changes in the business environment. It started as a series of three, one-week foundation sessions focusing on e-business transformation followed by a series of shorter programs held in locations a round the world. The Fellows program has evolved into a continuous series of short "masters classes" targeting pressing emerging business topics, and offers members resources via an ongoing decision support network. "The objective and focus are the same, but the structure and content are changing dramatically," Wind said. "As the needs of the world change so dramatically, it is tough to provide the right education in the bounds of a traditional program."

Why the Virtual University Hasn't Gone the Distance

In January 1995, speakers at a conference on the "virtual university" sponsored by Wharton's SEI Center and Penn's School of Engineering said the university was a dinosaur and that these academic institutions should pack up their ivy - covered walls and go home. Online education, like everything else on the Internet, was supposed to transform the way we live and learn. Like most of the dot-com hype, there was an element of truth in these insights, but the truth was much smaller and less dramatic than its proponents originally thought.

For lifelong education, new technology-based educational platforms – such as distance learning through Internet and satellites and interactive CD-ROM courses – were particularly promising. Part of the challenge of ongoing education for managers is that they need to take time away from work and family to travel to a program on a schedule dictated by the teacher, not the student. Distance learning offered the promise of learning that was close at hand, when you needed it. Like new lean manufacturing approaches to managing inventory, this would be "just-in-time" learning. Instead of stockpiling knowledge that you might need years later, you'd have the knowledge on tap when and where you needed it. Learning could be fluid and continuous.

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