MIT Sloan School of Administration was established in 1914 and emphasizes on innovation and invention. It’s the residence to most of the world’s famous administration and finance theories. MIT requires students to use ideas learned in classroom to real-world enterprise settings. It is the alma mater of many prominent entrepreneurs. An excellent example might be Mitch Kapor, the founding father of Lotus Software/Lotus Improvement Corporation. He is the designer of Lotus 1-2-3, co-founder of the Digital Frontier Foundation, and was the first of the chair of the Mozilla Foundation.
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