Global impactmba costs_products_scale
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The proposed Global Impact MBA aims to improve quality, lower costs, and increase scalability compared to the current full-time MBA program. It will achieve this by: 1) Designing learning outcomes and integrating disciplines throughout modular courses. 2) Reducing instructional costs from 3.8 FTE to 2.0 FTE through its modular structure. 3) Offering both an MBA degree and social innovation certificate through synchronous and asynchronous online learning within the modules. 4) Creating a platform for scalability since the modular structure overcomes constraints of classroom space and faculty schedules.
Global impactmba costs_products_scale
- 1. GLOBAL IMPACT MBA Lower Costs, Multiple Products, Enhanced Scalability
- 2. The Global Impact MBA This reThink proposal offers an approach that will significantly improve the quality of the full-time MBA program. This improvement in quality will be achieved by: Determining and designing in a set of learning outcomes (competencies) from the outset. Integrating disciplines throughout each module. Combining theoretical and applied content and experiences. In addition to the improvement in quality, this proposed approach to the full-time MBA: Reduces the direct costs by decreasing the FTE committed to delivery. Offers two complementary and integrated ‘products’: MBA degree and Certificate. Creates a platform for scalability based on the modular structure. The next three pages illustrate the last three points: Lower Cost of Delivery, Integrated Products and Scalability.
- 3. Lower Cost of Delivery Assumption: 20 SCH/AY = 1.0 Instruction FTE; 4/SCH = 0.2 FTE Current Full-Time MBA Curriculum Structure 4 SCH 4 SCH 4 SCH 4 SCH 4 SCH 4 SCH 4 SCH 4 SCH 4 SCH 4 SCH 4 SCH 4 SCH 4 SCH The proposed Global Impact MBA 2 SCH 2 SCH 4 SCH 1 SCH 6 SCH will utilize 2.0 FTE, 2 SCH 2 SCH 1 SCH compared to 3.8 1 SCH 1 SCH 2 SCH FTE. This approach Instructional FTE per Term frees up 0.6 FTE 0.65 FTE 0.65 FTE 0.2 FTE 0.6 FTE 0.55 FTE 0.55 FTE instructional Total Instructional FTE resources for other activities = 3.8 FTE (instruction, scholarship, service) Proposed Global Impact MBA (Full-Time) Module 1 Module 2 Module 3 Module 4 Module 5 Instructional FTE per Term 0.4 FTE 0.4 FTE 0.4 FTE 0.4 FTE 0.4 FTE Total Instructional FTE = 2.0 FTE
- 4. Multiple Products Global Impact MBA + Social Innovation Certificate Module 1 Module 2 Module 3 Module 4 Module 5 Certificate: On-line Portions of Modules 1, 2 and 3 The proposed Global Impact MBA: Face-to-Face and Online Portions of Modules 1 - 5 Global Impact MBA will embeds a Social Innovation Module 1 Module 2 Module 3 Certificate into the MBA and MBA and MBA and Degree uses MBA: MBA: MBA: MBA: MBA: MBA: Certificate: Face-to- Synchronous Face-to- Certificate: Face-to- Synchronous Face-to- Certificate: Face-to- Synchronous Face-to- synchronous and Face Face Face Face Face Face and and and asynchronous Asynchronous Asynchronous Asynchronous online learning. This approach permits two distinct Social Innovation Certificate: Subset of each Module delivered online (both synch and asynch) audiences to be for Certificate students; MBA degree students reached. participate in this portion of course with Certificate students.
- 5. Scalability The modular structure of the curriculum facilitates the eventual scaling of the entire program. This approach overcomes many of the constraints of the current MBA, including classroom availability, faculty teaching schedules and discrete course sequencing.