Penn State Executive Programs Wins Gold Award for Office Depot Partnership
Al Vicere, executive education professor of strategic leadership at Smeal, speaking at the at the fall 2011 Chief Learning Officer Symposium.
UNIVERSITY PARK, Pa. (October 24, 2011) – For the second year in a row, Penn State Executive Programs has won Chief Learning Officer magazine's highest executive education partnership award.
Penn State Executive Programs won the magazine's 2011 Gold award for Excellence in Academic Partnerships for its work with Office Depot. The award recognizes academic institutions that have partnered in the past year with an organization to teach its employees about a key business issue.
Office Depot partnered with Penn State Executive Programs, the executive education division of the Smeal College of Business, to help the company transform its supply chain leadership to tackle strategic initiatives, establish a collaborative environment that speeds innovation, and implement continuous process improvement. The company selected Penn State as its academic partner because of its collaborative engagement model with clients, its ability to extend action learning beyond the classroom to create business results, and its outstanding reputation in supply chain research and education, including being ranked No. 1 in supply chain education by Gartner.
Working collaboratively with Office Depot leaders in supply chain, human resources and organizational development, faculty from Smeal and Penn State's Center for Supply Chain Research created an integrated Supply Chain Leadership Development solution. The results of the program are already evident at Office Depot. For example, several of the program's participants have been promoted, including two individuals who were appointed to vice president-level positions. Recommendations generated by project teams are being implemented and beginning to generate real results. And Office Depot’s earnings press release for the second quarter of 2011 lists reduced distribution costs and operational efficiencies a factor in improved performance.
Each year, CLO magazine, the leading publication in the workforce learning and development industry, presents awards to learning industry leaders who have demonstrated excellence in the design and delivery of workforce learning and development programs. This year's awards were presented at the fall 2011 Chief Learning Officer Symposium held Oct. 12-14 at the Ritz-Carlton Laguna Niguel, near Dana Point, Calif.
For more information on Chief Learning Officer's Learning in Practice Awards, visit CLOmedia.com/awards.
About Penn State Executive Programs
Penn State Executive Programs, the executive education division of Penn State's Smeal College of Business, has been serving the development needs of the world's business leaders since 1954, providing both open-enrollment and custom programs. Nearly 42,000 executives from 43 different nations have participated in programs on topics ranging from strategic leadership to supply chain management. For more information, visit www.smeal.psu.edu/psep.
About Office Depot
Celebrating 25 years as a leading global provider of office supplies and services, Office Depot is Taking Care of Business for millions of customers around the globe. For the local corner store as well as Fortune 500 companies, Office Depot provides supplies and services to its customers through 1,627 worldwide retail stores, a dedicated sales force, top-rated catalogs, and global e-commerce operations. Office Depot has annual sales of approximately $11.6 billion, and employs about 40,000 associates around the world. The company provides more office supplies and services to more customers in more countries than any other company, and currently sells to customers directly or through affiliates in 56 countries.
Office Depot's common stock is listed on the New York Stock Exchange under the symbol ODP. For more information, visit www.officedepot.com.