by Admin | IITBOMBAY-WU
The need for leadership development, whether in an entrepreneurial set-up or an organization, has never been as significant as it is today. Organizations, business leaders and entrepreneurs have acknowledged the nature of today’s volatile, speculative and uncertain business environments and hence the need for nurturing talent that can help businesses sustain their relevance and eventually transition to the next generation of leadership. It is also being globally recognized that this education cannot be restricted to the top management alone given the emphasis on empowerment expected by employees at various geographies and levels throughout the organization.
A lot of research has been done to understand what participants are looking for from their respective executive MBA programs. Here are the top 5 that stand out:
But professionals and entrepreneurs frequently join executive MBA programs for reasons that go beyond the obvious ones of gaining additional knowledge and insights about the effective running of organizations. They often look for support or a push in order to make a change in their behaviour that allows them to be more effective at work and in life. In fact a lot of executive MBA programs deal with personal development and transformation.
Transformational programs come in handy at ‘natural’ transition points, such as setting up a business, moving to general management, expanding to a new market or being included in the succession plan. The transformational nature of executive MBA programs work towards allowing the participants to:
While doing all these, executive MBA programs like ours, with immense learning from the past, contribute to our participant’s professional and personal lives in the following manner:
In the past, executive education programs did not focus on ‘ROI’ for the participants or for the sponsoring organizations. But today one can measure skill acquisition and skill transfer at the participant and at organizational levels. One can see the direct impact of how participants make a significant difference to the way their respective organizations do business. Educational institutions understand the need to continuously realign objectives with that of their customer groups – whether an entrepreneur, a professional or an organization. As the needs change the nature of talent development will also evolve