Let’s go back to business school

The organizations that operate VUCA in the world today require individuals to understand the nature of the organization’s response to the myriad challenges posed by the environment.

In organizations, talent management discussions involve evaluating employees’ performance and potential. 9-Box Grid is a popular tool that visually maps performance-potential mixes and foundation decisions such as promotion and other interventions such as personal development, role, compensation, etc., based on the individual’s position in the grid. Although it is relatively easy to measure performance based on results as opposed to goals, measuring probability is always vague and a struggle for the organization. Model to assess potential appearance for differentiators to identify high potential. These include character traits such as learning agility, human agility, action orientation and team building ability, to name a few.

Among these subjects, learning agility – the ability to learn something and apply it in different contexts – is in the control of the individual which can help them to differentiate as they move up the corporate ladder. Learning through experience and conversations with leaders can bring self-awareness, especially as contexts and situations change. Another popular way to develop leadership is mentoring and coaching. Last but not least, continuous reading expands the horizon like no other. Executive management education fits here perfectly.

Education is effective if it stimulates curiosity about the world around us and helps to create a worldview. When evaluating potential leaders in the organization, phrases often used to differentiate high-potential employees include drive, curiosity, collaboration, cross-functional understanding, ability to connect points, and so on. Experience alone is not enough to develop these skills. Active investment is needed in individual abilities and skill-sets.

Management education meets this important need and helps participants process the world around them from one of the different lenses of the subject they are studying. Executive management education makes this one step better! Participants reflect on their organizational experience so far, knitting them with ideas and structures discussed in the classroom which is ultimately interesting to see new meanings and insights around these experiences. The organizations that operate VUCA in the world today require individuals to understand the nature of the organization’s response to the myriad challenges posed by the environment. Executive management education provides an excellent platform for reflecting and analyzing the preferences of the institution and for responding to the environment and, most importantly, for reflecting participants’ own preferences and responses in different situations. This translation of intelligence is a significant difference for individuals compared to their peers in the choice and understanding of the decisions they have to make in their role as they climb the corporate ladder.

Executive Management Education is an ideal choice for professionals who want to expand their career choices and go into administration and management. Although it is very common for engineers to choose business education, growing professionals like lawyers and doctors are looking to equip themselves with management skills and adaptations. This helps them to broaden their horizons in their chosen field and look for other career options. And of course, this route is much sought after by those who plan to become entrepreneurs themselves and even those who come from business families.

There are many business schools and universities in India that offer Executive MBA and Executive PGDM programs. How does one choose the best for oneself? There is no one program that fits all. Due to regulatory rules, most of these programs follow a similar design in terms of duration, number of credits, and core courses offered. The difference is subtle though. FT Ranking 2021 data shows that the top motivation for enrolling in executive management / business programs is the development of management skills and networking. Networking requires a diverse, high-quality alumni as well as a peer group. This is the most important difference between the top schools of any geography and makes them different. These networks are built on time-consistent, high-quality programs, nurture the alumni base year after year, and connect alumni to develop the program for current and future teams.

The diversity of experiences in the classroom reveals multiple perspectives, giving rise to healthy debates and creating an learning environment not only for participants but also for faculty members. Classroom relationships are more participant-facilitating than student-teacher. The whole learning experience is collaborative rather than competitive. The portfolio of programs is always evolving and up-to-date, benefited by the best faculty who bring academic rigor through in-depth research and industry perspectives through consulting and corporate programs. Interaction with industry captains, including alumni, completes the healthy learning experience that these schools offer.

Anyone wishing to return to management school for executive education should consider their purpose and what they want from it and it should be combined with personal and career goals. This will enable them to choose from a wide variety of offers – full-time vs. education at work, general management vs. specialist offers, online vs. face-to-face programs and more. And of course, ROI.

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