Author: Dean Mark Taylor

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About Dean Mark Taylor

Dean Mark Taylor joined Olin Business School on Dec. 1, 2016. He is one of the most frequently cited researchers in the areas of international finance and monetary economics in the world. He has served as an economist at the IMF and Bank of England; and as an investment fund manager for Barclays (now BlackRock). Previously, he was Dean at Warwick Business School, UK, and a professor of economics at Oxford among other European universities and a visiting professor at NYU. He is enjoying getting to know St. Louis (and its great restaurants). Follow Mark on Twitter at @DeanTaylorWashU.


Ron King and Stephen Ryan.

I wanted to share about exciting career milestones for two of our faculty members, Ron King and Stephen Ryan

Professor Ron King has been a member of the Olin faculty since 1986 and is a highly respected and accomplished teacher and researcher. Since 2003, Professor King has served as the Myron Northrop Professor of Accounting where he contributed actively to the body of research in field of accounting.

Ron King

A few months back, Ron approached Vice Dean Todd Milbourn and me to share the news that while he would like to continue teaching in Olin’s Executive MBA Program, he would like to relinquish his chair to focus more of his energies on his entrepreneurial pursuits in the St. Louis startup community.

While at Washington University, Professor King has taught accounting courses in the undergraduate, MBA, and masters of accounting programs, and has held various administrative positions including senior associate dean of faculty, senior associate dean of programs and the director of the Center for Experiential Learning. Ron received the Distinguished Faculty Award at Washington University’s Founder’s Day in 2012. He received his PhD from the University of Arizona.

Given the importance of entrepreneurship to Olin’s strategic plan and also the St. Louis ecosystem, I am delighted that Ron will be employing his considerable talents to build businesses and make our city more economically vibrant. I am also pleased that he will continue to teach at Olin, as he is one of our very beloved teachers as well as a distinguished researcher.

Stephen Ryan

At the same, time, I am excited to recognize the contributions and research leadership of Stephen Ryan, professor of economics, by appointing him as the next holder of the Myron Northrop Professorship. Professor Ryan received his PhD in economics from Duke University in 2005 and joined Olin in 2016.

The Myron Northrop Professorship was established with a gift from Mr. Northrop’s estate in 1989. Born in Oklahoma and reared in Little Rock, Arkansas, Mr. Northrop spent most of his career at A.S. Aloe Surgical Supply Company of St. Louis. He received a bachelor’s in business administration from Washington University in 1926.

We join in thanking the Northrop Family for their support for Olin faculty research. We also congratulate Ron King on this new phase in his career and Stephen Ryan for his accomplishments. We will be in touch with plans for a formal installation ceremony for Professor Ryan in the 2019-20 academic year.




“To unpathed waters, undreamed shores.” Shakespeare’s phrase, from The Winter’s Tale, sums up the challenge that faces tomorrow’s business leaders. To compete in a global marketplace, one must cultivate a global perspective. Tourism won’t cut it. Deeper global experience is required.

Last week, the 2021 cohort of full-time MBA students arrived at WashU Olin. Today, they’re more than halfway through their orientation, four days from embarking on a journey of “disorientation” across three continents, immersed in a rigorous, hands-on curriculum as global business leaders additionally address real-world business problems.

It is a bold step for the students and—as a number of other schools are choosing to end their full-time MBA programmes—a bold step for Olin. But as a key character notes in Henry IV, Part I, “the blood more stirs to rouse a lion than to start a hare.”

The programme has come a long way since I first introduced it in this space back in September. A long list of Olin team members have contributed to bringing this vision to life, starting with Ohad Kadan, Patrick Moreton, Ashley Macrander, Hayley Huffman and Rachel Tolliver, have spent untold hours planning down the smallest detail.

We’ve learned from a spring break pilot to Barcelona and Shanghai with nearly 100 students. And now it’s underway for the newest class of first-year students.

Around the world in 38 days

On Sunday, the entire cohort arrives at WashU Olin’s headquarters in Washington, DC. Their agenda includes courses with business and government policy experts at the world-renowned Brookings Institution, with whom we enjoy a unique partnership. They’ll begin courses with Andrew Knight focused on impactful teamwork and with Cathy Dunkin on effective communications—courses that carry through the entire trip.

A week later, the cohort moves to Barcelona for a two-week dive into European business and an immersion into Iberian culture. They’ll take courses with Sam Chun and Peter Boumgarden in general management, working with regional vineyards on an analysis of go-to-market strategies.

The students finish with 17 days in China. After a couple of days for sightseeing in Beijing, the cohort spends the next two weeks on two courses. Daniel Elfenbein and Anne Marie Knott work with students on a market-entry problem with St. Louis’s Strange Donuts, which has considered opening in the Chinese market. Then, Fuqiang Zhang and Lingxiu Dong teach an international business operations course as students examine the distribution and manufacturing practices of local and global brands.

Through it all, WashU students will gain a foundational understanding of effective teamwork and values-based, data-driven decision-making. Combining ethical decision making with highly analytic empirical analysis—key hallmarks of business education at WashU Olin.

With more than a month abroad from the outset, these students have embarked on arguably the most global full-time MBA programme in the world. But that’s not the only enhancement we made as we overhauled the full-time MBA.

Flexibility—with rigor

For career-switchers, the traditional two-year MBA may continue to be the right choice. They are turning their careers in a new direction and they value the foundational education, the time to engage with our career services professionals and the chance to test themselves in a summer internship.

But career enhancers—looking for a leap forward in a career they already love—want the content in less time and for as little opportunity cost as possible. They need an accelerated programme that skips the internship. They don’t want “MBA lite.” They want “MBA intensive,” in an abbreviated timeframe, and that’s what WashU Olin has created with the new accelerated full-time MBA.

The new 14-month programme skips the internship and provides the same rigor, the same credit-hours, the same classroom and peer-to-peer experiences as the full-time, two-year programme. Yet students will emerge eight months earlier, prepared to take a giant leap forward in their careers.

Or, if they wish, they can build additional expertise by pairing a specialized master’s degree in business analytics —”big data” — with their full-time MBA. They’ll work on both programmes concurrently and earn two complementary business school degrees in 26 months.

At a time of change and introspection across the business-education spectrum, we are not done innovating in our full-time MBA programme. The Olin Business School team is working to add alternative destinations to the global immersion that will benefit more students, for example.

For our newest class of WashU Olin global MBA students, you might say the programme makes their “blood more stir.”




Fuqiang Zhang teaching a global operations class to second-year MBA students in March 2019, during Olin

I wanted to share some exciting news about our faculty member Fuqiang Zhang, professor of operations and supply chain management.

Professor Zhang has been appointed the Dan Broida Professor in recognition of his contributions and leadership in research and teaching. He received his PhD in managerial science and applied economics from the University of Pennsylvania’s Wharton School and joined Olin in 2007.

Last year, Professor Zhang received the Yangtze River Scholar Award by the Chinese Ministry of Education, the highest award that the People’s Republic of China bestows on an individual in higher education.

The Dan Broida Professorship in Operations and Manufacturing Management was established in 1984 by Mrs. Roma Wittcoff, an alumna and trustee emeritus of Washington University, in memory of her first husband, Daniel Broida, who died in 1981. Mr. Broida earned a bachelor’s degree in chemical engineering from Washington University in 1936 and was the founder of Sigma Chemical Company, now Millipore Sigma.

We join in thanking Mrs. Wittcoff for her tremendous support and congratulating Professor Zhang. We will plan to have a formal installation ceremony for Professor Zhang in the coming academic year.

Pictured above: Fuqiang Zhang teaching a global operations class to second-year MBA students in March 2019, during Olin’s global immersion experience in Shanghai.




One is a financial economist with nine top research publications under his belt. Another has been lauded with some of the most prestigious research awards in marketing. And a third is internationally renowned for her work on how firms organize across borders and influence the global economy. All three are outstanding teachers. 

Soon, all three will join WashU Olin Business School—with tenure. Washington University’s Board of Trustees approved their appointments last month. Indeed, the board has commended Olin’s team for the care we take in recruiting top faculty. 

Brett Green, Song Yao and Minyuan Zhao begin in July. These three professors, recruited by our excellent Olin faculty, have proven themselves as accomplished researchers and skilled teachers. They’re hitting it out of the park.

The faculty at WashU Olin continually raise the bar for whom we hire to join their ranks. Expectations are high for research productivity at WashU Olin. And we are recognized for our efforts: The Financial Times ranks us 12th in the world for excellence in research productivity. Indeed, the opportunity to join our world-class faculty and benefit from our world-class facilities is a significant draw. And we aim to get even stronger. 

Todd Milbourn, vice dean of faculty and research, is heading up our hiring strategy, which includes a tactical, five-year look ahead into the hiring needs for each academic area of the school: accounting, economics, finance, marketing, organizational behavior, operations and manufacturing management, and strategy.

“If you want to do world-leading research, you need world-leading scholars,” Todd said. “Instead of going solely after the rookie market—newly minted PhDs—we are making sure we are also recruiting professors who can move the research needle from the minute they step onto campus.”

So, the strategy is to systematically recruit seasoned and senior faculty who have a record of producing top research—scholars who are already well advanced in terms of their research excellence and productivity. It also includes identifying gaps in our research capabilities and expanding our expertise in areas such as entrepreneurship, innovation, healthcare and business analytics. And it includes driving greater diversity among our faculty.

And in areas where we have attracted tenured faculty, it will be important to continue to bring in rookies. Put in business terms, we want to better balance our portfolio—or, as Todd has said, “We want an even deeper bench of greatness.”

That greatness applies equally to teaching. With great research comes the expectation that new faculty members will be great instructors, bringing their cutting-edge business insights to the classroom and preparing our students for the world as it will be rather than the world as it is.

Recruiting can be challenging, to be sure. While we’re out recruiting, we know other universities are as well. We are working to do all we can to retain the talented faculty we have by providing the resources, recognition and opportunity to recharge they are due.

But what I’m excited about the most is the biggest opportunity that comes with continually and collaboratively building on our world-class faculty: Living up to the vision of our school by enhancing the world-changing research, teaching and impact of WashU Olin.




In research and in practice, the results are unambiguous and incontrovertible: Organizations perform better when they welcome, embrace and foster diverse points of view. For this and myriad other reasons, creating an environment which includes and supports a diversity of voices and perspectives is the right thing to do.

Yet at the end of this millennium’s second decade, our society still falls short. We need not look far to find examples of corporate missteps in marketing or product development because planners failed to include a diverse set of voices.

This issue is near and dear to my heart. I’m gratified to be at a school that long ago recognized the importance of racial equity in business education by founding the Consortium for Graduate Study in Management.

And I believe we’ve made strides here at WashU Olin by improving the gender balance among students, attracting an increasing number of top women to the faculty, increasing the number of female full professors and advocating for additional endowed teaching chairs for women.

I recognize, however, that as a top business school, there is much more we can do. Building diversity, equity and inclusion is work we should be leading. We cannot assume we’re doing the right thing. We must address issues of inclusion, unconscious bias and institutional inequity with deliberation and forethought.

Jacqueline Slack Carter

That is why I recently created two new positions at Olin dedicated to this work. Several months ago, I appointed Judi McLean Parks, the Reuben C. and Anne Carpenter Taylor Professor of Organizational Behavior, into the new role of associate dean for diversity and inclusion.

And on April 1, Olin’s former registrar, Jacqueline Slack Carter, started her new role as diversity and inclusion officer based in the dean’s office and supporting Judi.

Judi’s role formalizes and expands work she has already done at Olin and dovetails thoroughly with her research interests. Jackie has a demonstrated commitment to this work through numerous on- and off-campus activities including her advocacy for Consortium students, service on numerous university committees and membership in the St. Louis Business Initiative and the Diversity Awareness Partnership.

“I realize this will be a lot of work to change mindset and institutional culture, but it will be transformative work that will have an impact,” Jackie said. “I want to be a part of creating a new story—that we are intentional about providing access and equity for all and where all voices are heard and all are seen.”

Judi is already hard at work again on an initiative she’s pioneered at Olin, a biennial faculty development workshop that brings young, junior faculty from various institutions to our campus for workshops in research presentation, salary negotiation and networking. The June workshop helps develop young faculty and builds the hiring pipeline for research institutions such as WashU Olin.

She’s been meeting with and gathering information from the leaders of various race-, nationality- and gender-based affinity groups and she plans to host—along with Jackie—a series of broader listening sessions.

“My hope is that we can do more to level the playing field at Olin and make it a more welcoming culture for everyone,” Judi said. “It’s not that it’s not. It’s just there are things we can do to continue moving in that direction.” How well do faculty case studies reflect diverse viewpoints, for example? What more can we do to expand and diversify the voices we have on our faculty?

“There’s often a lot of resistance to diversity training,” Judi said. “You often feel like you’re preaching to the choir. But you can do the training in ways that help the person who is being underrepresented to help level the playing field.” I am grateful for the work Judi and Jackie have already put forth. They are both committed to taking a proactive approach toward driving growth in diversity and equity at WashU Olin. Consider this to be the first word on the subject—certainly not the last.

Pictured above: Judi McLean Parks, newly appointed associate dean for diversity and inclusion, presents at a recent “lunch-and-learn” for Olin staff and faculty.