Tuesday 31 May 2016

Lonny Bernath Attends Prestigious Sloan School of Business

The Sloan School of Business at MIT is known for its innovation and business research, and from its classrooms have emerged influential ideas in management and finance. The Black-Scholes model, Theory X and Theory Y, the Solow-Swan model, the Modigliani-Miller theorem, the random walk hypothesis, the binomial options pricing model and the field of system dynamics are all dynamic and business changing ideas which have emerged from Sloan.

The Massachusetts Institute of Technology’s Sloan School of Management, attended by Lonny Bernath in 2001, began its ascendancy in 1914. Named modestly the Engineering Administration curriculum, or Course 15, the educational focus of the department grew from the Department of Economics and Statistics. The theories and practices of management as studied by Lonny Bernath in his pursuit of his Master’s of Business Administration emerged from the growing scope of business study. 1925 saw the first master’s degree in management established, and the first university-based executive education program was created under the name of the School’s eventual namesake, Alfred P. Sloan, the CEO of General Motors and a MIT graduate of 1895. The School was renamed in his honor in 1964.

In the year 2000, the year before Lonny Bernath enrolled for his Master’s in Business Administration at the Sloan School of Management at the Massachusetts Institute of Technology, the School had grown to become the second largest undergraduate major at MIT. After Bernath achieved his MBA, the undergraduate management minor program was limited to 100 students each year. Sloan School of Management holds forth the mission “…to develop principled, innovative leaders who improve the world and to generate ideas that advance management practice."

https://en.wikipedia.org/wiki/MIT_Sloan_School_of_Management