Michael F. Price College of Business
Encyclopedia
University of Oklahoma
The University of Oklahoma is a coeducational public research university located in Norman, Oklahoma. Founded in 1890, it existed in Oklahoma Territory near Indian Territory for 17 years before the two became the state of Oklahoma. the university had 29,931 students enrolled, most located at its...
is a business school
Business school
A business school is a university-level institution that confers degrees in Business Administration. It teaches topics such as accounting, administration, economics, entrepreneurship, finance, information systems, marketing, organizational behavior, public relations, strategy, human resource...
in the United States. The College of Business was established in 1917 and currently has over 3,200 students.
Overview
The College of Business was founded in 1917 (under the name the School of Public and Private Business), making it one of the first business schools west of the Mississippi RiverMississippi River
The Mississippi River is the largest river system in North America. Flowing entirely in the United States, this river rises in western Minnesota and meanders slowly southwards for to the Mississippi River Delta at the Gulf of Mexico. With its many tributaries, the Mississippi's watershed drains...
. It had started as the School of Commerce and Industry in 1913 under the School of Arts & Sciences prior to emerging as its present form four years later. Before World War II
World War II
World War II, or the Second World War , was a global conflict lasting from 1939 to 1945, involving most of the world's nations—including all of the great powers—eventually forming two opposing military alliances: the Allies and the Axis...
, the college of business administration experienced a period of tremendous growth. Between 1923 and 1929, the enrollment in the college increased over 700%. In September 1936, as a result of a legislative appropriation, a new building housing the College of Business was opened. This new building was named Adams Hall after Arthur Barto Adams, the dean at the time.
In 1997, investor Michael F. Price donated 18 million USD to the university. Subsequently, the College of Business was renamed after him, the first OU College named for an individual. In 2002, Price donated an additional 7.2 million USD to the college which was a large portion of the 19 million USD needed to erect an addition to the existing Adams Hall. The new building, which completed in late 2004, was named Price Hall.
Divisions
There are eight divisions in the College of Business along with 11 majors and an undecided option. The most popular majors are accounting (14%), marketingMarketing
Marketing is the process used to determine what products or services may be of interest to customers, and the strategy to use in sales, communications and business development. It generates the strategy that underlies sales techniques, business communication, and business developments...
and supply chain management
Supply chain management
Supply chain management is the management of a network of interconnected businesses involved in the ultimate provision of product and service packages required by end customers...
(13%), and finance
Finance
"Finance" is often defined simply as the management of money or “funds” management Modern finance, however, is a family of business activity that includes the origination, marketing, and management of cash and money surrogates through a variety of capital accounts, instruments, and markets created...
(13%). Other popular majors include management information systems, international business
International Business
International business is a term used to collectively describe all commercial transactions that take place between two or more regions, countries and nations beyond their political boundary...
, entrepreneurship
Entrepreneurship
Entrepreneurship is the act of being an entrepreneur, which can be defined as "one who undertakes innovations, finance and business acumen in an effort to transform innovations into economic goods". This may result in new organizations or may be part of revitalizing mature organizations in response...
and venture management
Venture Management
Venture Management is an emerging business management discipline.This discipline is focused on the skills and practices required to manage the rapid growth of new business in highly dynamic environments...
, general management
Management
Management in all business and organizational activities is the act of getting people together to accomplish desired goals and objectives using available resources efficiently and effectively...
, and energy management.
The U.S. News & World Report
U.S. News & World Report
U.S. News & World Report is an American news magazine published from Washington, D.C. Along with Time and Newsweek it was for many years a leading news weekly, focusing more than its counterparts on political, economic, health and education stories...
ranks the MBA program at the Price College of Business 66th in the country. The College of Business is ranked 47th in the country. It also ranks the International Business program 13th and the Management Information Systems program 16th.
In 1999, the Energy Management program changed its name from Petroleum Land Management. When this major was created, it was the first of its kind in the world.
Student organizations
Price college contains many student organizations for its various majors including:Beta Alpha Psi, Honorary Accounting Fraternity
ENT Club
ConnXions
Delta Sigma Pi
Economics Club
Energy Management Student Association
Finance Student Association
Society of Human Resources Management
MIS Student Association
Student Business Association
International Business Association
The MIS Student Association (MISSA) represents the MIS undergraduate student organization. They regularly throughout the semester provide lunch and learns for their members and other students where attendee's can enjoy a presentation put on over various subjects by local and out of state businesses that regularly recruit and hire out of the MIS department.
The MISSA Faculty adviser is Professor Mano Ratwatte and Professor Nate Stout.