1. LFM today and tomorrow Review for alumni Don Rosenfield, Sept 23, 2003

2. We will give an overview of topics of major interest to alumni Strategic focus of partnership Latest on organization and MIT Membership and financial outlook Students, recruitment and admissions What’s new intellectually and academically Alumni mentoring program Overview of ESD

3. Governance and strategy Re-engagement of Governing board Charge of globalization, leadership and innovation Increasing value added as major focus at June retreat –Key focus on internship –Reengaging faculty –Some changes in process Financial trends have led to some key changes –Tuition charge –Expenses

4. Membership continues to evolve Two types of members – partnership drivers and many others Recent managing partner companies include Dell, ABB, and Raytheon, and Agilent Many new active partners such as Sun, P&G, C&S grocers and Amazon Expanded range of internship sponsors include Toyota,Philips, ChevronTexaco, and Whitehead Institute Financial model with three classes of companies

5. What’s new academically and intellectually Continued global focus (global seminar, internships, membership, CMI, china tour) Singapore program and supply chain courses New sloan core ESD courses and impact Tiger teams Cambridge-MIT institute Sloan-SOE mix

6. Recruitment: 2002 and 2003 # Hired % of Class 47/48 resp Partner Companies2145 Other Mfg. Companies715 Total Manufacturing2860 Consulting/Banking24 Other Operations6 13 Other Opportunities/companies 613 Total employed graduates 4289 Free agents hired by Partner Companies 1328 # Hired % of Class Partner Companies3064 Other Mfg. Companies817 Total Manufacturing3881 Other Operations36 Consulting/Banking12 Not placed by 6/1/0149 Total employed graduates 4391 Free agents hired by Partner Companies 1940

7. AdmissionsAdmissions

8. LFM Alumni Mentoring – 2004 Pilot A Success Student Response: Overwhelmingly the class of 2004 gained from the mentor experience “provided a great LFM network and a different perspective on future career concerns” “gave me a lead within an industry sector that I’m interested” “the alumni mentoring pilot is awesome” Alumni Response: Interest from alumni was strong “What a great experience. Sign me up for next year!” “I would be delighted to be a mentor to Karen…this sounds like a great opportunity for both parties”

9. Alumni Mentoring – The Possibilities for 2005 Based on feedback from the 2004 Pilot participants: Worked Really Well Personal pairings based on strong knowledge of students and alums Enthusiasm from both alums and students Keeping it limited to those with strong interest Informal structure – pros and cons, but on the whole a positive Possible Enhancements Resume swap to accompany introduction letter Solicitation of interest at alumni conference Match across key interests: industry location

10. Alumni Mentoring – Getting Involved If you are interested in mentoring a current LFM student please sign up or contact: Jan Klein (jklein@mit.edu)jklein@mit.edu Sarah Egan (segan@sloan.mit.edu)segan@sloan.mit.edu

11. We are continuing to teach about the serious nature of LFM