Management  Educa-on:  A  View  from  Chicago  

The University of Chicago ■  A world-renowned institution for more than a century.

■  Leaders who have changed the world in nearly every field and industry.

■  More than 84 Nobel laureates among our alumni, faculty, and researchers.

Booth Campuses

Chicago: Gleacher Center

London: Woolgate Exchange

Booth Campuses

Singapore: House of Tan Yeok Nee

Program Campuses

Management Education: The Environment

How can we develop managers who are….

•  Smart •  Savvy •  Insightful?

Elements of High Performance

Rethinking Management Education, Davis and Hogarth 2012

Insight and Action Skills

•  Collect experiences in a critical way – write them down, reflect – seek feedback

•  Challenge your own beliefs by looking for disconfirming evidence

•  Understand that ‘intuition’ depends on extracting and interpreting data

•  Recognise the value of multiple viewpoints •  Experiment, make changes to your actions •  If you don’t write it down, it doesn’t exist •  Question everything!

Chicago’s Philosophy

Rethinking Management Education, Davis and Hogarth 2012

Insight Skills

Where can we help?

Elements Responsibility Means Conceptual Knowledge

Faculty Study

Domain Knowledge

Company Work

Action Skills

Students (with help from faculty and company)

On-going practice

Insight Skills

Students (with help from faculty and company)

On-going practice

The Chicago Approach

We famously teach leaders “How To Think, not What to Think.”

Fundamentals, not Formulas Engage and Collaborate

Embrace Diversity Challenge Everything

The Chicago Approach

   

Faculty Who Change the World For over a century, our world-class faculty have pioneered groundbreaking ideas and been lauded for their successes in nearly every business discipline.

• Milton Friedman

•  Free market economist

• Eugene Fama

•  Efficient market hypothesis

• Gary Becker

•  Coined the phrase ‘human capital’

• Myron Scholes

•  Black-Scholes model

• Austan Goolsbee:

•  Former Chief Economic Advisor, USA

• Raghuram Rajan:

•  Chief Economic Advisor, India

• Richard Thaler

•  Behavioural Economist, UK government

Learning Opportunities

Executive MBA

ADP

Customised Solutions

Globally Ranked and Recognised

Business Week Ranked # 1 in 2012

Economist Ranked # 1 in 2012

FT Ranked # 5 in 2013

Executive MBA Program

Pure Chicago • The world’s first (c 1943) • One degree. One world-class faculty. • Spans three continents • Accomplished classmates from all over the world. • Invigorating debate that produces groundbreaking ideas and innovative solutions.

General Management

Total of 17 courses plus electives

Executive MBA Program at a Glance

ELECTIVESGlobal New Venture Challenge

Capstone SimulationElective Courses*

*Students choose from a list of courses that can vary year to year.

FOUNDATIONSStatistics

Financial AccountingMicroeconomics FUNCTIONS

FINANCECorporate FinanceFinancial Strategy

MARKETINGMarketing Management

Advanced Marketing

OPERATIONSOperations Management

Co

MANAGEMENTDECISIONS

Managerial AccountingManagerial Decision Making

Negotiations

PEOPLEEssentials of Effective Leadership

Organizations and IncentivesStrategic Leadership

STRATEGYmpetitive StrategyLEAD

Leadership Explorationand Development

BUSINESS ENVIRONMENT

MacroeconomicsGlobal Strategy & Economics

   

Leadership Core Leadership Curriculum ■  Essentials of Effective Leadership ■  Strategic Leadership ■  Decision Making and Negotiations ■  Power and Influence

Co-curricular: LEAD ■  Professional development workshops ■  Assessment tools ■  Speaker series ■  Business simulations ■  Leadership presence training

Accelerated Development Program •  ADP provides maximum exposure for mid to senior executives to the latest

management thinking, taught in an intensive format by top Chicago Booth faculty, on our London campus.

•  Financial Accounting & Analysis •  Strategic Business Leadership •  Competitive Strategy •  Strategic Marketing •  Executive Leadership •  Managerial Finance

Accelerated Development Program Three modules, each five days in length, taught across three months on our London campus:

•  Financial Accounting and Analysis •  Managerial Finance

7-11 October 2013

•  Executive Leadership •  Strategic Business Leadership

4-8 November 2013

•  Strategic Marketing •  Competitive Strategy

9-13 December 2013

Leadership Coaching

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Some of our Custom Education Partners

ROI of Executive Education

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•  Study found that participants in an executive education program were:

•  72% more likely to be promoted •  74% more likely to be retained •  ‘Active’ participants had 43% higher odds of promotion, two

years after program completion

Teaching Executives to See Social Capital, Ronald Burt and Don Ronchi, 2005

Management Education: A View from Chicago

Thank you!

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