LFM today and tomorrow Review for alumni

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LFM today and tomorrowReview for alumni

• Don Rosenfield, Sept 23, 2003

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We will give an overview of topics of major
interest to alumni

• Strategic focus of partnership
• Latest on organization and MIT
• Membership and financial outlook
• Students, recruitment and admissions
• Whats new intellectually and academically
• Alumni mentoring program
• Overview of ESD

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Governance and strategy

• Re-engagement of Governing board
• Charge of globalization, leadership and
  innovation
• Increasing value added as major focus at June
  retreat
• Key focus on internship
• Reengaging faculty
• Some changes in process
• Financial trends have led to some key changes
• Tuition charge
• Expenses

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Membership continues to evolve

• Two types of members partnership drivers and
  many others
• Recent managing partner companies include Dell,
  ABB, and Raytheon, and Agilent
• Many new active partners such as Sun, PG, CS
  grocers and Amazon
• Expanded range of internship sponsors include
  Toyota,Philips, ChevronTexaco, and Whitehead
  Institute
• Financial model with three classes of companies

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Whats new academically and intellectually

• Continued global focus (global seminar,
  internships, membership, CMI, china tour)
• Singapore program and supply chain courses
• New sloan core
• ESD courses and impact
• Tiger teams
• Cambridge-MIT institute
• Sloan-SOE mix

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Recruitment 2002 and 2003
 
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Admissions
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LFM Alumni Mentoring 2004 Pilot A Success

• Student Response Overwhelmingly the class of
  2004 gained from the mentor experience
• provided a great LFM network and a different
  perspective on future career concerns
• gave me a lead within an industry sector that
  Im interested
• the alumni mentoring pilot is awesome
• Alumni Response Interest from alumni was strong
• What a great experience. Sign me up for next
  year!
• I would be delighted to be a mentor to
  Karenthis sounds like a great opportunity for
  both parties

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Alumni Mentoring The Possibilities for 2005

• Based on feedback from the 2004 Pilot
  participants

• Worked Really Well
• Personal pairings based on strong knowledge of
  students and alums
• Enthusiasm from both alums and students
• Keeping it limited to those with strong interest
• Informal structure pros and cons, but on the
  whole a positive

• Possible Enhancements
• Resume swap to accompany introduction letter
• Solicitation of interest at alumni conference
• Match across key interests
• industry
• location

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Alumni Mentoring Getting Involved

• If you are interested in mentoring a current LFM
  student please sign up or contact
• Jan Klein (jklein_at_mit.edu)
• Sarah Egan (segan_at_sloan.mit.edu)

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We are continuing to teach about the serious
nature of LFM