Homi Patel
Homi Patel

MARKETING
Adjunct Professor of Marketing

Print Overview

Homi B. Patel is retired Chairman, Chief Executive Officer and director of Hartmarx Corporation. After obtaining an MBA from the Graduate School of Business at Columbia University in New York and spending four years at Corbin Ltd. Homi joined Hartmarx Corporation (HMX – NYSE) as Vice President and General Manager for the company’s Fashionaire Division. He held various marketing and divisional positions leading to his appointment as President in 1992, Chief Operating Officer in 1993, Chief Executive Officer in 2002 and Chairman in 2004.

He serves on the Board of Directors of the Amalgamated Life Insurance Company and is a Trustee of the National Retirement Fund. He is a former director of Mrs. Fields Cookies, TCBY yoghurt and Neways Corporation.

Homi serves the larger apparel industry as President of the Clothing Manufacturers Association of America and Chief Labor Negotiator for the industry.

Homi’s other civic activities include serving as a global advisory Board member of Northwestern University’s Kellogg School of Management, a director of the Chicago Botanic Garden, Northwestern Memorial Hospital, and Lake Forest Hospital . He is a past trustee of the Boys and Girls Clubs of Chicago, the Jane Addams Hull House, the University of South Carolina School of Hospitality, and the Lake Forest Country Day School. Among his various recognitions, Homi has received the Good Scout Award from the Boy Scouts of America, the American Heritage Award from the Anti-Defamation League and was the keynote speaker and recipient of the Delta Pi Epsilon Distinguished Lecturer Award at the National Business Education Association Convention.

Homi lives in Lake Forest, Illinois, with his wife, Anne, and has two sons and a daughter.

Print Vita
 
Print Research

 
Print Teaching
Full-Time / Part-Time MBA
C Suite and Boardroom Dynamics (MKTG-940-0)

This course counts toward the following majors: Marketing, Marketing Mangement

This course deals with a wide variety of subjects that are a top priority for CMOs, CEOs and Boards of Directors. There are three modules in this class. The first deals with “Understanding the Boardroom.” Topics include Roles and Responsibilities of the Board, Developing Marketing Dashboards for Boards, Aligning Marketing Strategy with Board Interests, and Activists in the Boardroom. The second module deals with marketing issues that are of special interest to CEOs. Topics include Keeping Brands Relevant, Pricing and Managing Cannibalization, Diversification, Challenges in Industries Undergoing Major Transformation (Healthcare and Airlines), and Managing Start-ups. The last module deals with managing change, ethical dilemmas, negotiation skills, conflict management and how an effective CEO manages so many diverse roles and challenges. This course deals with several discrete topics holistically with emphasis on the practical realities in the C-Suite and the Boardroom. It is a particularly useful platform of learning for students who wish to understand the “real world” implications of being a CMO/CEO. Unlike most classes, the subjects are non-linear and do not necessarily build on each other. There will be a number of guest speakers. Past speakers have included: Mary Dillon, CEO of US Cellular and former CMO of McDonald’s; Joe Ricketts, founder of Ameritrade and owner of the Chicago Cubs; Joe Tripodi, CMO of Coca Cola; Rick Lenny, retired CEO of Hershey Brands, and Dean Harrison, CEO of Northwestern Memorial Healthcare. This course is required for the six-course major in marketing management; but not for the four-course marketing major. It is tied in with the Advanced Topics in Marketing (922-0) course taught by Professor Calder. Marketing problems of high-level strategic relevance raised by guest speakers and the instructor in this course could become projects for student groups to investigate in more detail in Marketing (922-0).

This class cannot be audited.