{"id":17921,"date":"2025-10-22T07:55:40","date_gmt":"2025-10-22T11:55:40","guid":{"rendered":"https:\/\/www.purdue.edu\/newsroom\/?p=17921"},"modified":"2026-01-12T17:51:59","modified_gmt":"2026-01-12T22:51:59","slug":"stem-powered-business-innovation-purdue-accelerates-growth-of-business-school","status":"publish","type":"post","link":"https:\/\/www.purdue.edu\/newsroom\/2025\/Q4\/stem-powered-business-innovation-purdue-accelerates-growth-of-business-school","title":{"rendered":"STEM-powered business innovation: Purdue accelerates growth of business school"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">WEST LAFAYETTE, Ind. \u2014 From cutting edge semiconductor research to industry-leading pharmaceutical practicum, Purdue University has built a reputation for advancing research and creating solutions to some of the world\u2019s toughest challenges. The university is now utilizing that same analytical thinking and strategic planning DNA in the business arena, preparing students for an economy where business and STEM (science, technology, engineering and mathematics) are inseparable.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Since taking the helm of the business school in August 2023, <a href=\"https:\/\/business.purdue.edu\/faculty\/home.php?username=jbb\">James \u201cJim\u201d Bullard<\/a>, the Dr. Samuel R. Allen Dean of the Mitch Daniels School of Business and Distinguished Professor of Service and Professor of Economics, has focused on a set of strategic priorities aimed at transforming the school into a top-tier, tech-driven institution to redefine business education through the lens of STEM disciplines.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cWe\u2019re not just expanding our business school \u2014 we\u2019re redefining it by putting STEM at its core,\u201d Bullard said. \u201cIn a world where technology drives every market, we\u2019re preparing our students to lead, whether it\u2019s in the boardroom or a science lab.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Integrating STEM with business is one of the <a href=\"https:\/\/www.business.purdue.edu\/about\/home.php#pillars\" target=\"_blank\" rel=\"noreferrer noopener\">foundational pillars<\/a> for the Daniels School, which also include academic prowess, transformational student experience, freedom and capitalism, and business partnerships.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In December, the Purdue University <a href=\"https:\/\/www.purdue.edu\/newsroom\/2024\/Q4\/dean-updates-trustees-on-daniels-school-of-business-board-approves-department-restructuring\/\">Board of Trustees approved a restructuring<\/a> from two departments to nine, which Bullard said would enable departments to respond to the evolving needs of students, faculty and industry partnerships. Further, it reflects the university\u2019s belief that the future belongs to those who can bridge the worlds of invention and enterprise.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Seeking to be the nation\u2019s most forward-looking business school, the <a href=\"https:\/\/business.purdue.edu\/\">Mitch Daniels School of Business<\/a> this summer vigorously recruited and hired 35 top-caliber faculty members to bolster and expand its academic ranks with experts to prepare students for the 21st century economy.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Among the nearly three dozen new faculty members, the Daniels School hired four full professors as part of the university\u2019s <a href=\"https:\/\/www.purdue.edu\/bot\/meetings\/past-meetings\/2023\/09.%20dec.%206\/Dream%20Hires.pdf\">Moveable Dream Hires<\/a> program, which is designed to attract high-performing, top-caliber faculty in specialized fields to Purdue.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">New Moveable Dream Hires:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/business.purdue.edu\/daniels-insights\/posts\/2024\/dream-hires-will-enhance-teaching-and-research-excellence.php\">Judson Caskey<\/a>: professor of accounting;&nbsp;editor at The Accounting Review. Caskey focuses on both empirical and modeling research in financial accounting, specifically on the role of accounting disclosures within the context of informed decision-making. His empirical research examines the information conveyed by financial reports and how investors use it.<\/li>\n\n\n\n<li><a href=\"https:\/\/business.purdue.edu\/daniels-insights\/posts\/2024\/dream-hires-will-enhance-teaching-and-research-excellence.php\">Martin Dufwenberg<\/a>:&nbsp;distinguished professor of economics. Dufwenberg\u2019s research explores topics in behavioral economics. He works on how to incorporate emotions and other forms of belief-dependent motivations into economic analysis using an analytical framework called psychological game theory.<\/li>\n\n\n\n<li><a href=\"https:\/\/business.purdue.edu\/daniels-insights\/posts\/2025\/dream-hire-focused-on-improving-human-capital-through-stem-integration.php\">Gwendolyn Lee<\/a>: professor of strategic management. Lee\u2019s recent research advances the frontier of strategic management, exploring the transformative impact of machine learning\/AI, industry-shaping dynamics in the generation of sustainable energy and critical challenges in the governance of AI.<\/li>\n\n\n\n<li><a href=\"https:\/\/business.purdue.edu\/daniels-insights\/posts\/2025\/dream-hire-brings-finance-and-economics-expertise-to-daniels-school.php\">Michael Weber<\/a>: professor of finance. Weber pursues two main streams of research. In finance, he explores areas including asset pricing and return predictability. The other is in macroeconomics with a focus on how agents form expectations and the ability of central banks to manage them.<\/li>\n\n\n\n<li><a href=\"https:\/\/business.purdue.edu\/daniels-insights\/posts\/2025\/dream-hire-david-simchi-levi.php\">David Simchi-Levi<\/a>: professor of\u00a0supply chain and operations management.\u00a0In addition to teaching courses in supply chain and business analytics, supply chain technology, and modern supply chain science, Simchi-Levi will lead a center on Data Science for Decision Making, which will focus on developing cutting-edge analytic and AI-driven methodologies. Simchi-Levi will also teach in the College of Engineering\u2019s Edwardson School of Industrial Engineering.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Through its <a href=\"https:\/\/business.purdue.edu\/about\/fellows.php\">Distinguished Fellows and Business Fellows programs<\/a>, the Daniels School is strategically appointing senior business executives, economic leaders and policy professionals from across a broad spectrum of industries, institutes and government to bring real-world expertise into the classroom, strengthen industry connections and elevate the school\u2019s visibility as a hub for innovative leadership.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Along with the nationally and internationally recognized faculty, the Daniels School added <a href=\"https:\/\/business.purdue.edu\/daniels-insights\/posts\/2025\/rich-sikora-joins-purdue.php\">Rich Sikora<\/a> as executive advisor for innovation and entrepreneurship. Sikora brings decades of executive experience at Boeing and several startup technology companies. As a joint appointment between <a href=\"https:\/\/purdueinnovates.org\/\">Purdue Innovates<\/a> and the Daniels School, the role is designed to strengthen the connection between Purdue innovation, experiential learning and the university\u2019s entrepreneurship ecosystem.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"876\" height=\"493\" src=\"https:\/\/www.purdue.edu\/newsroom\/wp-content\/uploads\/2025\/10\/DSB-legos.jpg\" alt=\"Group of college students stand around a Lego design.\" class=\"wp-image-17915\" title=\"\" srcset=\"https:\/\/www.purdue.edu\/newsroom\/wp-content\/uploads\/2025\/10\/DSB-legos.jpg 876w, https:\/\/www.purdue.edu\/newsroom\/wp-content\/uploads\/2025\/10\/DSB-legos-300x169.jpg 300w, https:\/\/www.purdue.edu\/newsroom\/wp-content\/uploads\/2025\/10\/DSB-legos-768x432.jpg 768w\" sizes=\"auto, (max-width: 876px) 100vw, 876px\" \/><figcaption class=\"wp-element-caption\">Students take part in a Lego building project hosted by the Mitch Daniels School of Business during a freshman orientation held in conjunction with Boiler Gold Rush. (Purdue University photo\/John Underwood)<\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Applications to the Daniels School of Business, <a href=\"https:\/\/www.purdue.edu\/newsroom\/purduetoday\/2025\/Q2\/daniels-school-of-business-ranked-no-25-globally-no-17-in-u-s-among-worlds-best-business-schools\/\">ranked among the best business schools in the world<\/a>, grew by over 13% in the last year alone, with a record high rate for applicants choosing to attend.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In response to growing enrollment at both the undergraduate and graduate levels, the <a href=\"https:\/\/www.purdue.edu\/newsroom\/2025\/Q2\/university-breaks-ground-on-new-daniels-school-of-business-building\/\">Daniels School broke ground<\/a> in April on the college\u2019s 164,000-square-foot building. <a href=\"https:\/\/business.purdue.edu\/giving\/building-the-future\/home.php\">The $168 million facility<\/a>, which is set to be finished in 2027, will provide modern teaching and research labs, innovation hubs, and collaborative spaces.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The new capital project, which replaces Krannert Center, returns the Daniels School to a three-facility footprint and is a visible statement of the school&#8217;s commitment to build the future of business.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Mitch Daniels School of Business presence is also scaling up at Purdue\u2019s expansion in Indianapolis, combining with one of the university\u2019s other strategic initiatives, launching academic offerings such as the innovative Integrated Business and Engineering program, which is preparing graduates to make business decisions grounded in technology, engineering and math. As part of Purdue\u2019s strategy to increase its footprint throughout the capital city, <a href=\"https:\/\/www.purdue.edu\/newsroom\/2023\/Q2\/purdue-university-high-alpha-partner-to-house-programs-in-downtown-indianapolis\/\" target=\"_blank\" rel=\"noreferrer noopener\">the Daniels School\u2019s executive education programs are being taught at the Indianapolis location<\/a>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cWe are channeling Purdue\u2019s innovation-driven culture into building a business school of the future,\u201d Bullard said. \u201cBeyond our state-of-the-art facility and this successful faculty recruitment, the Daniels School of Business has set its eyes on developing a trained, next-generation workforce that will be prepared to bridge business acumen with technical fluency.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Daniels School of Business is one of the university\u2019s priorities and represents a key focus of \u201c<a href=\"https:\/\/www.purdue.edu\/campaign\/\">Victories &amp; Heroes: Your Campaign for Purdue<\/a>,\u201d the $4 billion comprehensive fundraising campaign the university launched in February.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>About Purdue University<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Purdue University is a public research university leading with excellence at scale. Ranked among top 10 public universities in the United States, Purdue discovers, disseminates and deploys knowledge with a quality and at a scale second to none. More than 106,000 students study at Purdue across multiple campuses, locations and modalities, including more than 57,000 at our main campus locations in West Lafayette and Indianapolis. Committed to affordability and accessibility, Purdue\u2019s main campus has frozen tuition 14 years in a row. See how Purdue never stops in the persistent pursuit of the next giant leap \u2014 including its integrated, comprehensive Indianapolis urban expansion; the Mitch Daniels School of Business; Purdue Computes; and the One Health initiative \u2014 at <a href=\"https:\/\/www.purdue.edu\/president\/strategic-initiatives\">https:\/\/www.purdue.edu\/president\/strategic-initiatives<\/a>.<\/p>\n\n\n<div id=\"note\" class=\"post-content__attribution \">\n    <div class=\"columns\"> \n                    <div class=\"column\"> \n                <p class=\"post-content__source\">\n                    <strong>Media contact:<\/strong> Wes Mills, <a href=\"mailto:wemills@purdue.edu\">wemills@purdue.edu<\/a>                <\/p>\n            <\/div>\n                    <\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>WEST LAFAYETTE, Ind. \u2014 From cutting edge semiconductor research to industry-leading pharmaceutical practicum, Purdue University has built a reputation for advancing research and creating solutions to some of the world\u2019s toughest challenges. The university is now utilizing that same analytical<\/p>\n","protected":false},"author":21,"featured_media":17964,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[313],"tags":[],"department":[81],"source":[29],"purdue_today_topic":[],"coauthors":[41],"class_list":["post-17921","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daniels-school-of-business","department-daniels-school-of-business","source-purdue-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.purdue.edu\/newsroom\/wp-json\/wp\/v2\/posts\/17921","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.purdue.edu\/newsroom\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.purdue.edu\/newsroom\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.purdue.edu\/newsroom\/wp-json\/wp\/v2\/users\/21"}],"replies":[{"embeddable":true,"href":"https:\/\/www.purdue.edu\/newsroom\/wp-json\/wp\/v2\/comments?post=17921"}],"version-history":[{"count":9,"href":"https:\/\/www.purdue.edu\/newsroom\/wp-json\/wp\/v2\/posts\/17921\/revisions"}],"predecessor-version":[{"id":19157,"href":"https:\/\/www.purdue.edu\/newsroom\/wp-json\/wp\/v2\/posts\/17921\/revisions\/19157"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.purdue.edu\/newsroom\/wp-json\/wp\/v2\/media\/17964"}],"wp:attachment":[{"href":"https:\/\/www.purdue.edu\/newsroom\/wp-json\/wp\/v2\/media?parent=17921"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.purdue.edu\/newsroom\/wp-json\/wp\/v2\/categories?post=17921"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.purdue.edu\/newsroom\/wp-json\/wp\/v2\/tags?post=17921"},{"taxonomy":"department","embeddable":true,"href":"https:\/\/www.purdue.edu\/newsroom\/wp-json\/wp\/v2\/department?post=17921"},{"taxonomy":"source","embeddable":true,"href":"https:\/\/www.purdue.edu\/newsroom\/wp-json\/wp\/v2\/source?post=17921"},{"taxonomy":"purdue_today_topic","embeddable":true,"href":"https:\/\/www.purdue.edu\/newsroom\/wp-json\/wp\/v2\/purdue_today_topic?post=17921"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.purdue.edu\/newsroom\/wp-json\/wp\/v2\/coauthors?post=17921"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}