Garth Saloner

Dean, Stanford Graduate School of Business

Financial Crisis and a Changing Business World
13 minutes, 6.1mb, recorded 2010-04-01
Garth Saloner

The financial crisis has prompted harsh criticism of business schools, given that MBAs are at the helm of several prominent financial and government institutions involved in the crisis. In this audio interview, Stanford MBA student Alex Maasry talks with Garth Saloner, dean of the Stanford Graduate School of Business, about the school's comprehensive curriculum reform in 2007, initiated a year before the onset of the crisis, and its continuing efforts to search for ways to equip its students with the skills needed to succeed in a rapidly changing world. Saloner talks about the importance of cultivating critical analytical thinking and leadership skills, ethical understanding, and knowledge of the global context of management.

This conversation was recorded as part of the 2009-2010 Public Management Initiative (PMI) at the Stanford Graduate School of Business. Hosted by the Center for Social Innovation’s Public Management Program, the PMI is a yearlong, student-driven academic project focused on a specific public issue. The theme for 2010, Debating Tomorrow: The Changing World of Business, explores how business will have to change in light of the recent financial crisis and how, in turn, business might shape change in the future.


Garth Saloner is the ninth dean of the Stanford Graduate School of Business. A faculty member since 1990 and a two-time winner of the Distinguished Teaching Award from MBA students, he has taught management, strategy, entrepreneurship, and e-commerce. Saloner previously served as associate dean for academic affairs, director for research and curriculum development, and director of the Center for Entrepreneurial Studies. He was one of the founders of the Stanford Computer Industry Project, a major study of the worldwide computer industry, and a founder of the Center for Electronic Business and Commerce in 1999. As an economist, Saloner has been known for his pioneering work on network effects, which underlie much of the economics of electronic commerce and business.

Alex Maasry is a joint MBA-MPP student at Stanford University and is a student leader for the 2009-2010 Public Management Initiative. After studying philosophy, politics, and economics at the University of Pennsylvania, he spent four years at McKinsey & Company. During this time, he spent two years doing macroeconomic policy research at McKinsey's economic think tank, the McKinsey Global Institute.


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