Competition for top academic talent is fierce among business schools. But Georgia Tech College of Management is making significant strides at increasing the size and stature of its faculty in order to become the world's preeminent business school for management and technology. Having recruited nine tenure-track faculty members during the 2006-07 academic year (offsetting three retirees for a total of 59), the College made significant progress in finding the donor support to sustain and expand this faculty growth.
The goal is to secure the resources necessary to increase faculty size to between 70 and 90 within five years. To succeed, the College is taking a two-pronged fundraising approach involving the creation of endowed faculty chairs and professorships as well as expendable faculty term professorships.
As of summer 2007, the College had secured gifts and commitments for the establishment of 23 expendable faculty term professorships. "No other business school has come anywhere close to creating this many term professorships in just over a semester," says College of Management Dean Steve Salbu.
Designed to help retain and recruit promising faculty members, these professorships (each requiring $100,000 to $150,000 in funding) last for terms of four years. Faculty members honored with these professorships (which are named for the donors or their designees) can use the support for summer research, graduate student research assistance, travel to conferences, high-tech equipment, and professional development activities.
The term professorships serve as an important bridge to the future as the College seeks to establish 20 more endowed faculty chairs and professorships (each requiring gifts of $750,000 to $2 million) by the end of 2010.
The College has already awarded 13 of the 23 expendable faculty term professorships established so far (the total goal for 2007 is 25). They have benefited professors
already on the faculty:
• Robert A. Anclien Professorship (Sri Narasimhan, IT management professor and senior associate dean)
• Brady Family Professorship (Goutam Challagalla, associate marketing professor and associate dean)
• Arthur O. Brannen Professorship (Bryan Church, accounting professor); funded in honor of professor Robert W. Carney
• Nancy J. and Lawrence P. Huang Professorship (Beril Toktay, operations management associate professor)
• Imlay Professorship (Matt Higgins, strategic management assistant professor); funded by John P. Imlay, IM 1959
• A.J. and Lynne Land Professorship for Teaching Excellence (Debby Turner, accounting associate professor)
• Evelyn T. and Mallory C. Jones Jr. Professorship (Narayanan Jayaraman, finance professor); funded by Libby and Gary T. Jones, GMGT 1971
• Dr. Alfred F. and Patricia L. Knoll Professorship (Vinod Singhal, operations management professor); funded by C. Whitney Knoll, IM 1970
• Richard and Carol Kalikow Professorship (Cheryl Gaimon, Regents' professor of operations management)
• Alan J. and Caron A. Lacy Professorship (Soumen Ghosh, operations management professor)
• Frank M. Merritt Professorship (Don Fedor, organizational behavior professor); funded by Raena and Joe Evans, IM 1971
• Gregory J. Owens Professorship (Mark Ferguson, operations management associate professor)
• Catherine W. and Edwin A. Wahlen Professorship (Nathan Bennett, organizational behavior professor)
• Thomas R. Williams—Wachovia Term Professorship in IT Management (D.J. Wu, IT management associate professor)
Term Professorships to be filled:
• William H. Anderson II Professorship; funded by Raena and Joe Evans, IM 1971
• Edward J. Brown Professorship; funded by Jan and Ed Brown, IM 1970
• Angel and Stephen M. Deedy Professorship
• Mills B. Lane Professorship in Banking
• Mills B. Lane Professorship in Finance
• Helen and John Taylor Rhett Jr. Professorship; funded by Libby and Gary T. Jones, GMGT 1971
• Robert and Stevie Schmidt Professorship
• John and Wendi Wells Professorship
• Thomas R. Williams—Wachovia Professorship
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