Newswise — The first class of employees from the Greenlawn facility of BAE Systems, a global defense and aerospace company, has graduated from an on-site Stony Brook University Executive MBA program.
The 29 BAE Systems management employees " from such departments as engineering, human resources, subcontracts, finance, program management, program finance, government property, accounts payable, and procurement " completed the 30-month program in December. Stony Brook University specifically tailored the program to meet the needs and goals of BAE Systems employees.
To make it convenient for employees enrolled in the MBA program, Stony Brook University professors held classes at BAE Systems' Greenlawn campus every other Tuesday evening and Friday. During each semester, students were taught advanced methods, applications and theories used to grow businesses in such areas as Marketing, Finance Management, International Business, Investment Analysis, Technology Innovation, Leadership & Teamwork, Business Ethics, Business Strategy, Financial Accounting, Building High Performance Teams, and Entrepreneurship.
Students and professors used a blend of traditional and progressive learning mediums, including on-line blackboard tools, in-classroom learning and even a simulated business environment. Over a ten-week period, students were charged with running a company for eight simulated years and were responsible for costs associated with research and development, human resources, marketing, production, pricing, promotion, and all financial areas.
"The BAE Systems-tailored executive MBA program resulted from a productive partnership between the company and the business school," said Joseph W. McDonnell, interim dean of Stony Brook University's College of Business. "BAE Systems is investing in its middle management employees, and at the same time, investing in the future of the corporation with proactive succession planning."
"Sponsoring MBA programs like the one at Stony Brook University keeps BAE Systems positioned as a leader in continuing education for our workforce," said Paul Markwardt, BAE Systems' vice president of Identification and Surveillance. "We are committed to growing talent through education and challenging work assignments. These programs give us a competitive edge."
"The program allowed me to obtain a personal goal and at the same time enabled me to apply the teachings to my daily work," said Bryan Kruse, BAE Systems employee and program graduate.
Following the graduation ceremony, BAE Systems presented Stony Brook University with a $30,000 endowment which will help create a Business Learning Center complete with the latest in distance learning electronic technology.
About Stony Brook University College of BusinessStony Brook University College of Business combines a comprehensive business curriculum with personal attention from expert faculty to create leaders who have the knowledge, integrity, and originality to drive enterprise in the 21st century. Its Executive MBA program offers small classes, state-of-the art instruction, flexible schedules, diverse student body, and hands on experience enable students to excel in all aspects of the business world.
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