The chief financial officer (CFO) of the Richard Ivey School of Business (Ivey) is reflecting on the state of the school. Ivey's MBA program was just beginning its inaugural year in the new 12-month format at the Spencer Leadership Centre (Spencer), and all signs pointed to a successful start. However, it was becoming obvious to the CFO that the Executive Education programs at Ivey would face some serious capacity constraints, given the resulting reduction in available space in the building. The CFO was considering the need for a $7 million expansion to Spencer to ensure that Ivey would be able to continue its number one position in the executive education market in Canada.
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