Stanley Frankel heads Frankel Associates, a privately held
commercial real estate development and management company founded
by his father. They are the owners of the Somerset Collection in Troy, Michigan, as well as office buildings, apartments, hotels, townhouse complexes and retail establishments.
Frankel prefers to describe himself as being in the “people
business” because, he says, all facets of Frankel Associates
are fundamentally about people. In the mid 1990s, Frankel
and his wife, Judy, made a gift to the University of Michigan
Business School to further the understanding of entrepreneurship,
particularly international entrepreneurship, among business
students. They requested the gift create hands-on learning opportunities,
with benefits similar to those garnered by law school students
during moot court.
By 1996, MBA students were on-the-ground providing business
consulting to Israeli-based technology start-ups through the
IMAP (International Multidisciplinary Action Projects) and the
Global Projects elective.
The initial anonymous gift grew to become a
twenty-year grant that to date has supported over 1250 students involved
in over 220 international projects with Israeli organizations ranging from business planning, strategic planning to U.S. market assessment, entry, or market expansion projects in five Ross School courses: MAP, Global Projects Course, Executive MBA MAP, Weekend MBA MAP, and Evening MBA MAP.
In 2000, Stanley Frankel was awarded the University of Michigan
Business School’s Distinguished Alumni Award for his exemplary
business practices and longstanding community service as well
as his support of IMAP and Global Project courses.
Mr. Frankel, a 1963 graduate of the University of Michigan, earned his MBA degree from the Business School in 1964. He current serves on the Business School's Visiting Committee, and on the University's President's Advisory Committee.