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2 - Key academic programs and academic value-creation

Published online by Cambridge University Press:  22 September 2009

Peter Lorange
Affiliation:
IMD, Lausanne, Switzerland
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Summary

To fuel imagination and innovation, learning must be continuous and applied creatively and rapidly. New ways of thinking, diverse perspectives, leadership courage and smart execution will characterize the next generation of successful organizations. In order to win, tomorrow's successful executives will have to combine insight with the art and science of management.

Paul Strebel and Tracey Keys

KEY POINTS

  • Increasingly, the bulk of a business school's academic programs will be aimed at leading executives who are also learning partners.

  • However, an elite MBA program will also be a significant factor, as it ensures that there is proper in-depth treatment of new knowledge, over a sufficient number of classes, to guarantee academic value-creation. MBAs are also important learning partners!

  • Open-enrollment executive programs ensure breadth of participation by executives from many leading companies and countries. The learning effect of the “global meeting place” can be significant.

  • Tailored, in-company programs ensure in-depth treatment of a specificffic company's strategic issues, often via “action learning,” to come up with implementable results.

  • Open-enrollment executive programs and in-company programs complement each other; both offer unique sources of learning, and leading companies-cum-learning partners would make use of both.

  • Both types of programs complement each other financially too. Open-enrollment programs have a high upside financial potential, when the class is full! In-company programs are offered for a fixed fee – more financial stability, but less financial upside.

Type
Chapter
Information
Thought Leadership Meets Business
How business schools can become more successful
, pp. 32 - 67
Publisher: Cambridge University Press
Print publication year: 2008

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