With six of its faculty members earning the Nobel Prize, it is hard to associate the University of Chicago Booth School of Business with anything else but economics. In reality, it is an innovator in many other areas. It was the first to initiate a PhD program in business (1920). It pioneered the executive MBA degree for experienced managers (1943). Booth was also the first to establish a minority relations program (1964). It is the still the only US. business school with permanent campuses on three continents: Asia, Europe, and North America.
Booth preaches what it practices. It teaches systematic methods of innovation to its students. Art Middlebrooks is an clinical professor of marketing at Chicago Booth, and one of a growing number of professors teaching the SIT method. He is well qualified as both a practitioner of innovation as well as a teacher and scholar. He teaches both innovation and services marketing. "I find that students learn best by 'doing,' so I've structured both the in-class and out-of-class work to enable students to 'try out' the various tools that I teach."