Contract grading allows students to make important choices about what, how, and when to learn, thereby facilitating the development of a partnership learning environment in which students are likely to retain more information, make better use of information, and be more highly motivated to learn than in teacher-directed learning environments. This article argues the central role of contract grading in postmodern pedagogy and discusses in depth how to implement contract grading efficiently and effectively. It also addresses a significant benefit of using contract grading: Students learn multiple fundamental management concepts and skills experientially by engaging in the contract grading process.

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Twenty-five years after John A. Miller described his seminal experiential Introduction to Organization and Management course in JME, MGMT 101 (formerly MG 101) continues to be the foundation of management education at Bucknell University. In this article, the current MGMT 101 faculty members provide their perspective on contextual and operational changes in the course by providing an overview of MGMT 101's foundations, nuts-and-bolts elements of the course that have remained consistent and those that have evolved, and key elements that have either been affected by or have led to changes in the course. In all, this is the story of our ongoing efforts to assure that student learning is deep, meaningful, and responsive to the uncertain, daunting, provocative, and intriguing circumstances faced by organizations today.

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