In a world that's growing ever smaller and where competition is even more intense, business schools have also been fighting their battles through their academic plans. What kinds of programs anticipate the needs of the corporate world? Which ones will boost the analytical powers of their student-executives? Latin Trade consulted the best-known business schools and this is the result of the investigation.
A recent discussion among academics at MIT Sloan School of Management, the business school of the Massachusetts Institute of Technology, indicates that one of the main business trends in 2015 will be the investment of companies in their employees.
It goes into detail, addressing factors like remuneration and even examining the productive processes, including the need to improve training as a factor of employee motivation to drive business returns higher.
And so, even as certainty about the growing yield on investment in executive training is driving demand for Executive Education (EE), the world's leading business schools--and those that copy their methods and programs--have responded to this interest by making serious efforts to improve the experience of executives who enroll in their institutions.
THE WEIGHT OF QUALITATIVE DEVELOPMENT
A point of departure for the world's business schools is their concept of the basic skills the modern executive needs. The most critical skills are: leadership, flexibility, ability to function in a globalized economy and to motivate teams, communication, initiative and innovation.
Many EE programs retain their emphasis on quantitative knowledge, but they also take pains to deal with the qualitative aspects. Mark Lewis, senior associate director of the finance program at Chicago Booth, the University of Chicago's business school, said, "The executive of the future cannot be an expert in just one area as was the case in the past. He or she has to be strong in quantitative analysis, leadership, strategic thinking, initiative, strategy evaluation, communications, the ability to influence and persuade others, and even maintaining a healthy lifestyle."
In the Booth methodology framework (the Chicago approach: conceptual knowledge, control and action), those enrolled in a program that offers training in, say, finance, will take classes in corporate finance during the first stage, followed by case studies and other interaction techniques, and then pass on to specific project implementation. This is how they develop...