Prior to the 21st century, education was predominantly delivered via live performances. Internet communication fundamentally altered the way business schools, schools and universities worldwide teach their students. The emergence of Massively Open Online Courses (MOOCs) for example has opened up business education to a broad audience that might otherwise not be able to afford it. Business schools have graciously shared their knowledge.
Business remains surprisingly poor at producing effective leaders, observes HR Magazine, quoting research from Hay Group that just 18 per cent of UK leaders are able to create a high-performance environment and from The Conference Board, saying that only 40 per cent of leaders and 25 per cent of HR professionals globally view their organisations leadership as high quality.
A report from Credit Suisse offers new evidence that a better gender mix among senior managers is linked with better results. The bank’s research arm has created a database tracking the gender mix of some 28,000 executives at 3,000 companies in 40 countries around the world on an ongoing basis. The report then compared that data to the financial results of the companies.
Americans drastically underestimated the gap in actual incomes between CEOs and unskilled workers, says a study conducted at Harvard Business School. Americans believe CEOs make 30 times what the average worker makes in the U.S., when in fact they earn more than 350 times their wages. Also, nowhere else in the world is the gap between perceived and actual pay bigger than in the U.S., reports the Washington Post.
In this age of diversity the past years have seen a striking change in the distribution of power, writes the Economist. Women run some of the largest firms, such as General Motors or IBM and more than half of the worlds biggest 2,500 public companies have their headquarters outside the West. Also geeks and nerds run some of the worlds most successful businesses.
The essay is an essential part of your MBA application. Its not an easy task to make it stand out from the crowd without being too tacky or adventurous. Some main tips to improve the end result are to not only think about what you want to share about yourself but to do your research well.
An MBA interview means youre one step away from getting a place at a business school. It means that the school liked your application and now wants to get to know you to see if your personality as well as your qualifications and skill sets are a good fit for the respective school.
Business schools teach younger as well as more senior executives, but there is no real school for CEOs. Some might argue that you cant learn what it needs given that some highly successful CEOs dropped out of high school or university.
MiM or a Masters in Management degree is a version of an MBA for younger students. Mostly created for students who have recently completed an undergraduate degree, it aims at helping them to develop the skills that businesses want to see in their future leaders, regardless of work experience.
What makes a great CEO? Too often CEOs are feared by employees, too often they are not approachable and sometimes they are plainly detached from the company they are leading. There are positive examples as well though and one of these is Net-A-Porters CEO Mark Sebba.
London itself wasnt able to win any of the top spots in this year’s ranking of the most liveable cities in the world. Instead the Empires former colonies of Australia, Canada and New Zealand dominated the ranking of where to live the worlds best life. Australia’s second largest city Melbourne took out the top spot for the fourth time in a row.
QS, the organiser of a series of education fairs, compared salary expectations of prospective MBA applicants with the reality of what MBA jobs actually offer in terms of remuneration. On its website TopMBA, QS has compiled the latest statistics resulting from two major reports that the company publishes every year.
A small European country in which people speak three different languages and are surrounded by towering mountains takes out the winning crown of this years most innovative country. Switzerland has been hailed as the winner amongst 143 countries according to the Global Innovation Index (GII) created by international business school Insead, the World Intellectual Property Organization and Cornell University.
Significant imbalances in the demand for labour and its supply threaten 25 of the worlds major economies. Over the past few years, The Boston Consulting Group has examined workforce supply-and-demand dynamics in 25 major economies through 2030.
Business students are taught tactics, such as how to get to yes and close the deal, that almost never work, says a recent article in Business Week. For example the popular tactic known as BATNA (best alternative to a negotiated agreement), which is taught at many business schools, tells students that a negotiator should have a partial alternative up the sleeve if his or her terms arent agreed to by the other party.
Nuno Fernandes, finance professor at Swiss business school IMD reviewed the financial knowledge of 1,000 students before they started a programme at the business school. He comes to an unsettling conclusion: many executives are all but illiterate when it comes to finances.
The ideal world would be for every applicant to receive at least two acceptance letters for his or her preferred business school. But reality is often harsh and being offered a place on a wait list is not the worst-case-scenario. Question is only how to catapult yourself from that pile of possibilities into the circle of the wanted.
MBA consultants Fortuna Admissions (a team made of former directors and associate directors from top schools in the U.S. and Europe) has recently published a blog about MBA recommendations asking if prestige matters. In their business the consultants had a client that could have obtained a recommendation from the President of the United States.
An MBA is a great tool to advance ones career, take the step into executive level, change industries and/or teach business knowledge to specialists from healthcare to engineering. As with most things in life these career transitions need planning and the right timing. So when is the right time to pursue an MBA?
The Munich Business School introduces a new degree: the Doctor of Business Administration (DBA). The course will take four years to complete and first students will start from the winter semester 2014/15.
Nine out of 10 of the 400 respondents to KPMGs latest CEO survey are concerned about competing organisations taking their business away, almost three-quarters fear that their products will lose relevance and more than half worry about new players disrupting their business model.
The chief executives of tomorrow will become even more powerful and lonely than is currently the case, concludes Forbes after analysing a new study on leadership by management consultancy Strategy&, formerly know as Booz.
The era of capitalism may be ending, reckons Klaus Schwab, founder of The World Economic Forum. He believes capital is being superseded by creativity and the ability to innovate. Talentism is the new capitalism.
Both on-campus recruiting opportunities as well as full-time job postings have increased for most business schools worldwide. This is the finding of the latest research by the MBA Career Services & Employer Alliance (MBA CSEA).