To commemorate the 25th anniversary of the Tauber Institute for Global Operations, benefactor Joel Tauber presented the institute with a $1.75 million gift to endow scholarships.
“I wanted to build up our scholarships so that anyone needing money would have the opportunity to join the program,” Tauber said. “This gift reflects both my high regard for the University of Michigan, and the great success of the program.”
By combining business and engineering with leadership training, action-based learning, and Industry partnerships, the Tauber Institute has become a leader in Operations excellence. The institute is hosting 25th anniversary celebrations this week in conjunction with its annual Spotlight! Team Project Showcase, a competitive presentation of operations solutions developed by interdisciplinary student teams during their 14-week projects at top companies across the U.S. and around the world.
Joel Tauber is excited about how today's students will shape the future of Operations. “This particular kind of training is unique,“ said Tauber. “Fifty years from now, we're not going to recognize what is happening in terms of digital technology, robotics, data analytics, and even innovations such as the autonomous vehicle. People who can think through how that is being done, in advance, will be the winners. Our scholars are extremely well prepared to face the issues of today. But more importantly, we encourage them to think about the issues of tomorrow."
Tauber Institute founder Joel Tauber grew up in Detroit, MI and received his B.A., M.B.A. and J.D. from the University of Michigan. He was then invited to take over a manufacturing business, where realization set in: “I had to develop my own training program, because what I learned at business school didn't prepare me to understand the whole organization. I worked with people in various parts of the organization - on the business side and on the manufacturing side - and I came to realize that a comprehensive approach was a crucial and much more effective way of preparing for this kind of business."
The Tauber Institute began as the Michigan Joint Manufacturing Initiative (MJMI) - an interdisciplinary program created in 1993 to address the acute shortage of broadly trained professionals who understand both the engineering and business aspects of manufacturing. Joel Tauber believed in the model so much that he made a $5 million pledge to ensure the efforts were sustainable, and the University renamed the program in his honor.
The Tauber Institute addresses operations issues utilizing concepts from both engineering and business perspectives through a strong partnership between the University of Michigan's College of Engineering and Ross School of Business. The institute’s industry partners are leaders in a wide range of fields - including aerospace, internet commerce, high tech, health care, financial, automotive, energy, and retail - and regular input from a 30 member Industry Advisory Board ensures that the institute stays at the forefront of multidisciplinary operations and responds quickly to industry needs. As the Tauber alumni base continues to grow, the institute’s impact on operations practice reverberates throughout industry.
As other programs have grown to appreciate the power of real world experiences for their students, the Tauber Institute for Global Operations has been recognized for its pioneering approach to action-based learning. The Institute was awarded the first UPS George D. Smith Prize for effective and innovative preparation of students to be good practitioners of operations research, management science, or analytics, and was a finalist in the Innovations in Curriculum Competition.
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The Tauber Institute for Global Operations is a joint venture between the University of Michigan’s Ross School of Business and the College of Engineering, working together with industry partners to facilitate cross-disciplinary education in global operations management. For more information visit www.tauber.umich.edu.