IN AN AGE WHEN THE most successful business person in America is a computer geek named Bill Gates, technological savvy is increasingly seen as key to corporate success. But executives at most large companies are trained either in business practices or technology, not both. To correct the imbalance, Stevens Institute of Technology in Hoboken, N.J., has started a graduate business school focused solely on managing technology. And just to make sure it is meeting the needs of the corporate world, the school worked closely with executives from AT&T, IBM, and other high-tech companies to create a "customer-driven" curriculum for its so-called Masters of Technology Management (MTM) degree. "Teamwork is built in everywhere," says Stevens President Harold J. Raveche.
The program just got a large vote of confidence from one customer, in the form of a $6.63 million dollar gift from Wesley J. Howe, former chief executive of medical supplier Becton Dickinson & Co. and a Stevens alum. The school has enrolled 120 students in the MTM program this year, with an emphasis on individuals who already have an advanced technical background. Stevens also plans to team up with corporations to offer short courses for executives.