Medical Industry Leadership Institute MILI A broad industry

Medical Industry Leadership Institute (MILI) A broad industry sector approach to focus the Carlson School that would be: *Enduring 10/20/2021 *Inclusive *Inimitable

Definition of Medical Industry q Define broadly: Mega, global, and stable industry sector anchored in Minnesota with unlimited growth potential Development of care Healthcare Supply Chain 10/20/2021 Medical Devices Pharma Biotech Healthcare Finance Healthcare Delivery

Medical Industry Leadership Institute Vision The Institute will position Carlson School and the University of Minnesota as the global gateway for cutting-edge management research and leadership education for the Medical Industry. 10/20/2021

Medical Industry Leadership Institute Goals q To develop a responsive, scalable, and sustainable infrastructure for research and education. q To provide students with unique skills, knowledge, and experiences to become leaders in the Medical Industry sector. 10/20/2021

Rationale: Why Focus on the Medical Industry Sector? • 50+ years of partnership with the industry • Scientific, technical, policy, legal & ethics expertise The Institute (MILI) • Leader in the medical device industry • Concentration of firms spanning the healthcare supply chain 10/20/2021 • Significant faculty expertise on relevant management topics • Experiential learning infrastructure • A track record of producing industry leaders

Medical Industry Leadership Institute Scope of Activities Medical Industry Leadership Institute Curriculum Experiential Learning Research Executive Education Linking and Aligning the “Islands of Excellence” 10/20/2021

Medical Industry Leadership Institute Scope of Activities Curriculum Development and Delivery q Leverage Ø Inside Carlson School Ø Outside Carlson School q Freshen and liven the curriculum with “homegrown” content Ø Byproducts of faculty research Ø Experiential learning project outcomes 10/20/2021

Medical Industry Leadership Institute Scope of Activities Experiential Learning Infrastructure: The Carlson Enterprises, New Product and Business Development Program, Juran Center’s Six Sigma Projects q Support q Strengthen By Attracting & Executing High Quality Projects q Document the project outcomes q Disseminate the project outcomes 10/20/2021

Medical Industry Leadership Institute Scope of Activities Research: Faculty and Ph. D. Students Responsive and Scalable Infrastructure q To conduct rigorous and relevant research Ø Repository of databases q To disseminate research findings in a timely manner to Ø Academic peers Ø Students Ø Practitioners 10/20/2021

Medical Industry Leadership Institute Scope of Activities Executive Education q Provide higher value executive education informed by Carlson faculty research q Target high level executives by developing Ø Programs on topical issues Ø Customized programs q Target new audiences Ø Physicians, Physician-Executives Ø Corporate Scientists 10/20/2021

Medical Industry Leadership Institute “The Big Picture” EDUCATION Knowledge Dissemination RESEARCH Knowledge Development The Institute (MILI) COLLABORATION With the Medical Industry Sector 10/20/2021

Medical Industry Leadership Institute “The Calling” “Perhaps the greatest challenge – and the greatest opportunity – is to strengthen the connections between our research and education missions and the needs of our society. ” (Source: President Bruininks, Inaugural Address, February 28, 2003) 10/20/2021