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Susan Loconto Penta Expands Teaching Role in Northeastern University’s College of Business: Delivers Advanced Workshop for IBM Software Group

Cambridge, MA – December 11, 2007 – Susan Loconto Penta, Adjunct Faculty and Executive Professor in Northeastern University’s College of Business Administration, took her expertise in business process innovation to the private sector, teaching an advanced workshop for a select group of sales and technical professionals in IBM’s Software Group. Presenting with a team of Northeastern professors, Penta’s curriculum focused on the methodology for creation of new business models to support successful competition in the rapidly changing financial services industry.

The impetus for development of this four-day program was the increasing need for IBM software sales executives to address, not only technology issues, but also the business concerns of CIO’s and business line executives. According to David Abdow, Northeastern University’s Executive Director of Corporate Programs, “The decision to have Susan be part of this corporate education program was based on her expertise in business process innovation and her hands-on experience with industry leaders in the financial services sector.”

In 2007, more than 100 professionals from the IBM Software Group participated in the Northeastern University workshop which is presented as part of the College of Business Custom Executive Education Program. Based on its initial success, IBM has requested an expansion of the program for 2008, increasing the frequency of sessions and more than doubling the number of attendees. In addition to her role as adjunct professor on the Northeastern University faculty teaching graduate and undergraduate students, Penta is Managing Partner of MIDIOR Consulting, a management consulting firm that helps global clients improve their financial performance and ability to innovate through better product management and product development processes. Her expanded role in the Corporate Custom Education Program allows Penta to share lessons learned through her practical experience as a management consultant, entrepreneur, senior executive and engineer.

About MIDIOR Consulting
MIDIOR is a management consulting firm focused on the discipline of product development and management, helping clients better understand their customers’ needs, seize new opportunities and respond to changing markets. MIDIOR's proven leadership in product, platform and information management inspires organizations to challenge conventional thinking and develop the skills necessary to build a sustainable pipeline of successful new products and services. For more information visit www.midior.com.

About Northeastern University College of Business Administration
Northeastern University College of Business Administration, established in 1922, provides its students – undergraduate, graduate and executive – with the education, tools, and experience necessary to launch and accelerate successful business careers. The College credits its success to expert faculty, close partnerships with industry, and its emphasis on rigorous academics combined with experiential learning. The College is highly ranked by several prestigious publications. BusinessWeek ranks the College #34 in its “Best Undergraduate B-schools" and #1 in internships. The College’s Bachelor of Science in International Business program is ranked #16 by U.S. News & World Report. The undergraduate program is also distinguished by Princeton Review and Entrepreneur magazine as one of the U.S. top 25 entrepreneurship programs. Financial Times ranks the College’s Executive MBA program in the U.S. top 50 and U.S. News & World Report ranks the College’s part-time MBA program #21 in the country. For more information about Northeastern University’s College of Business Administration, visit www.cba.neu.edu.

New Research Study

A new MIDIOR research study benchmarks how product management organizations are performing in financial services. Leading companies in banking and capital markets reveal how they set priorities and budget for product management and
key findings reveal
actionable areas
for improvement.


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