John Thomas Madden
Encyclopedia
John Thomas Madden A.M., C.P.A., Ph.D. (1882-1949) was an educator and business leader who served as the dean of NYU School of Business, introduced much of the modern procurement process, and served as president of Theta Nu Epsilon
from 1926-1932http://www.theamericanminerva.com/thetanuepsilon/11HisOff/Officers.html and Beta Alpha Psi
, the finance, accounting and information systems fraternity from 1930-1932.http://www.bap.org/annrep99/fmembers.htm
Dean Madden was born to a New York City family, and was raised in the Catholic church. He was educated at Yale
and New York University
and worked both as an instructor and administrator at the latter while he was engaged in business as an accountant.
From 1927-1940, Madden was dean of New York University's business school, serving as a professor through the thirties until 1947, while rendering procurement training to the military in World War II. Dean Madden started an early form of inmate education using his faculty at Sing Sing. Dean Madden is quoted as saying "This idea is a mighty fine one, especially at this time. There are many men here who would not have been here five years ago. They committed no strange offenses. They merely carried on the business practices they had been used to. But these practices, with the advent of Depression, became criminal."http://www.time.com/time/magazine/article/0,9171,746994,00.html
In 1929, Dean Madden became the third President of Alexander Hamilton Institute, a highly successful distance education business course started by his fellow New York University
(NYU) instructor and predecessor as dean.http://www.time.com/time/magazine/article/0,9171,738018,00.html
Dean Madden was also the major figure in developing the modern, professional procurement process. He stated in his text, "Budgetary Control" (1930) that it has "became apparent that, due to the amount of dollars at stake, purchases are more effectively handled by an individual who could concentrate on the business of procurement. In transforming requests into materials for their organizations, procurement professionals also have to perform market analysis and do product forecasting
as well as understand the law of contracts."
Dean Madden authored numerous texts of accounting, currency, mortgage banking and other business practiceshttp://www.antronics.com/cgi-bin/books/amazon.cgi?mode=books&page_num=7&search_type=AuthorSearch&input_string=John+Madden&templates=1&locale=us ; accounting historian Julia Grant names him as one of the "fathers of modern accounting". http://www.amazon.com/dp/0815322380
The educator and business leader was president of Theta Nu Epsilon
from 1926-1932, and again (of the splintered TNE) from 1935 to 1946 and was active in the Andiron Club. The previous presidents of Theta Nu Epsilon were Joseph James Hartigan and Clarence J. Hand, students of Mr. Madden's at New York University
(NYU).http://thetanuepsilon.org/11HisOff/Officers.html
The John T. Madden Memorial Award at NYU's Stern School of Business are named in his honor and in recognition of his achievements.
Theta Nu Epsilon
Founded at Wesleyan University in 1870 as a chapter of Skull and Bones, Theta Nu Epsilon is a sophomore class society that accepts members regardless of their fraternity status.-Early history:...
from 1926-1932http://www.theamericanminerva.com/thetanuepsilon/11HisOff/Officers.html and Beta Alpha Psi
Beta Alpha Psi
ΒΑΨ is a national honors business organization for highly successful accounting, finance and information systems students and professionals. It was founded on February 12, 1919 at the University of Illinois at Urbana-Champaign and is currently headquartered in Durham, North Carolina...
, the finance, accounting and information systems fraternity from 1930-1932.http://www.bap.org/annrep99/fmembers.htm
Dean Madden was born to a New York City family, and was raised in the Catholic church. He was educated at Yale
YALE
RapidMiner, formerly YALE , is an environment for machine learning, data mining, text mining, predictive analytics, and business analytics. It is used for research, education, training, rapid prototyping, application development, and industrial applications...
and New York University
New York University
New York University is a private, nonsectarian research university based in New York City. NYU's main campus is situated in the Greenwich Village section of Manhattan...
and worked both as an instructor and administrator at the latter while he was engaged in business as an accountant.
From 1927-1940, Madden was dean of New York University's business school, serving as a professor through the thirties until 1947, while rendering procurement training to the military in World War II. Dean Madden started an early form of inmate education using his faculty at Sing Sing. Dean Madden is quoted as saying "This idea is a mighty fine one, especially at this time. There are many men here who would not have been here five years ago. They committed no strange offenses. They merely carried on the business practices they had been used to. But these practices, with the advent of Depression, became criminal."http://www.time.com/time/magazine/article/0,9171,746994,00.html
In 1929, Dean Madden became the third President of Alexander Hamilton Institute, a highly successful distance education business course started by his fellow New York University
New York University
New York University is a private, nonsectarian research university based in New York City. NYU's main campus is situated in the Greenwich Village section of Manhattan...
(NYU) instructor and predecessor as dean.http://www.time.com/time/magazine/article/0,9171,738018,00.html
Dean Madden was also the major figure in developing the modern, professional procurement process. He stated in his text, "Budgetary Control" (1930) that it has "became apparent that, due to the amount of dollars at stake, purchases are more effectively handled by an individual who could concentrate on the business of procurement. In transforming requests into materials for their organizations, procurement professionals also have to perform market analysis and do product forecasting
Product forecasting
Product forecasting is the science of predicting the degree of success a new product will enjoy in the marketplace. To do this, the forecasting model must take into account such things as product awareness, distribution, price, fulfilling unmeet needs and competitive alternatives.-Bass model:Bass...
as well as understand the law of contracts."
Dean Madden authored numerous texts of accounting, currency, mortgage banking and other business practiceshttp://www.antronics.com/cgi-bin/books/amazon.cgi?mode=books&page_num=7&search_type=AuthorSearch&input_string=John+Madden&templates=1&locale=us ; accounting historian Julia Grant names him as one of the "fathers of modern accounting". http://www.amazon.com/dp/0815322380
The educator and business leader was president of Theta Nu Epsilon
Theta Nu Epsilon
Founded at Wesleyan University in 1870 as a chapter of Skull and Bones, Theta Nu Epsilon is a sophomore class society that accepts members regardless of their fraternity status.-Early history:...
from 1926-1932, and again (of the splintered TNE) from 1935 to 1946 and was active in the Andiron Club. The previous presidents of Theta Nu Epsilon were Joseph James Hartigan and Clarence J. Hand, students of Mr. Madden's at New York University
New York University
New York University is a private, nonsectarian research university based in New York City. NYU's main campus is situated in the Greenwich Village section of Manhattan...
(NYU).http://thetanuepsilon.org/11HisOff/Officers.html
The John T. Madden Memorial Award at NYU's Stern School of Business are named in his honor and in recognition of his achievements.