Category: About Exec Ed

Upping the IT quotient: A custom program for News Corporation

Posted by MIT Sloan Executive Education - 16 days ago

news media

With business units as diverse as 20th Century Fox, The Times, MyNetworkTV, National Geographic Channel, and Fox Interactive Media, News Corporation touches 70% of the world's population every day. While its vast reach and numerous holdings are a plus in terms of a successful business model, these elements make for a complex organization, along with challenging leadership responsibilities.

In an effort to assist its executives and strengthen its organizational structure, News Corporation’s then Senior Vice President and CIO Dave Benson turned to MIT Sloan for help—in particular, Peter Weill, whose book, IT Governance: How Top Performers Manage IT Decision Rights for Superior Results, Benson was reading at the time. Weill is a Senior Research Scientist at MIT Sloan and the Director of the School's Center for Information Systems Research (CISR).

Benson's ultimate goal was to enhance the company executives' skill set so that they could manage their IT operations like businesses and better align the IT activities with the company's diverse business units. Weill suggested a custom program because of MIT Sloan's research and expertise in finance, marketing, leadership development, and generating business value from IT—as well as the program's tailored curriculum and one-on-one coaching aspects. "The key to the success of this program was the combination of MIT Sloan’s reputation, a strong customized curriculum, outstanding faculty, and the ability to deliver it all without relieving people of their day jobs," says Benson.

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The next generation of MOOCs bring added benefits to lifelong learners

Posted by MIT Sloan Executive Education - 1 month and 1 day ago

Avatars at MIT

Several years ago MOOCs, or Massive Online Open Courses, were touted as the latest and greatest in executive education. While they certainly have enjoyed much success, there’s always room for alternatives when it comes to a virtual, remote education experience.

In fact, a few of the downsides of MOOCs when compared to on site programs—a lack of ready accessibility to professors as well as the benefits of networking face-to-face with classmates—are what led to the next generation of virtual online courses: SPOCs, or small private online courses. Although many MOOCs and SPOCs share similar attributes—such as their online format and the use of video lecture components—there are differences. With SPOCs, for example, the admissions process can be more rigorous. Participants may be required to take an entrance exam, supply references, and have accrued a certain amount of time in the working world.

Of course, one major difference is the size of the class. SPOCs, by definition, are smaller, often comprising just 100 to 200 students, instead of the 1,000 to 2,000 that typically comprise a MOOC. In addition, many SPOCs break the class into even smaller groups that meet online periodically during the program, allowing participants a more intimate experience and one in which they are more readily able to share ideas and feedback with each other. Many participants in SPOCs also have an opportunity to interact more closely with class instructors.

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A personal story of accomplishment: Jackie Caniza

Posted by MIT Sloan Executive Education - 2 months and 8 days ago

By Colleen Berger, Program Director, MIT Sloan Executive Education

Jackie Caniza at MIT Sloan

As a Program Director at MIT Sloan Executive Education, I have the good fortune of meeting many interesting, successful people from a variety of industries. I truly enjoy getting to know our participants and hearing their stories, and I would like to share a recent one with you.
Jackie Caniza is a Success Coach and HR Consultant at Business Hat, Inc. in the Philippines. After a 15-year career in corporate HR roles, she took a calculated risk and decided to start her own consulting business. Realizing she needed two separate educational tracks in order to succeed, she pursued her coaching certification while simultaneously evaluating executive education programs that would teach her the necessary business skills for starting and sustaining a business.

Jackie's father, a steadfast proponent of engineering and technology, had always aspired to spend time at MIT and suggested Jackie consider a program at the MIT Sloan School of Management. Given the considerable costs associated with starting a new business, Jackie was skeptical about being able to take on an additional commitment. But her father persisted, even offering to split the cost with her because he felt so strongly about the opportunity and the results it would produce.

In the fall of 2012, Jackie enrolled in four MIT Sloan Executive Education programs and earned an Executive Certificate in Management and Leadership. She was thrilled with her experience and the value of the education which could be immediately applied to her new business. End of story ... or so she thought.

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Why executive education is a good investment for your company

Posted by MIT Sloan Executive Education - 2 months and 19 days ago

Concerned that paying for an employee's education will be worth the investment? Will participating in executive education take an employee out of the office for too long? Will the employee leave the organization once the education is complete?

While these concerns are valid, MIT Sloan Executive Education has seen thousands of executives bring extraordinary value back to their places of work. Business leaders and HR executives tell us how they have come to reply on executive education to fill skills gaps, reward employees, support teams, solve persistent challenges, and meet specific business goals. These are just a few of the many great reasons—for both an employer and an employee—to invest in executive learning.

"I continue, daily, to apply the tools and thought processes that I learned from my MIT Sloan Executive Education experience. The hands-on learning vignettes, led by renowned thought leaders and business experts, provide a balance of theory, research, and real-world applications. The participants also added greatly to the learning experience, bringing their unique perspectives from diverse geographies, industries, and roles. Whether you are a manager of a P&L, leading a product development team, or in a corporate function like HR or IT, you will leave with tangible tools that can be immediately applied to advance your business."

- Phil Gillingham, Director, Global HR Operations, Microsoft

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Join the platform revolution

Posted by MIT Sloan Executive Education - 3 months and 6 days ago

It's no overstatement to say that the two-sided networked market--or platform--model is one of the most important economic and social developments of our time. The platform model powers many of today's biggest and most disruptive companies, like Amazon and Airbnb, with others, like Nike, coming on board. Platforms use technology to connect people, organizations, and resources in an interactive ecosystem in which enormous value is created and exchanged. And researchers believe that the transformation is soon to hit a range of other economic and social arenas, from health care and education to energy and government.

Surprisingly, many people--even savvy business executives--remain unaware of how the platform revolution happened, or what to do about it. In a new MIT Sloan Executive Education program, Platform Revolution: Making Networked Markets Work for You (online)Geoffrey Parker, Professor of Management Science at Tulane University and Visiting Scholar and Research Fellow at MIT's Initiative for the Digital Economy, explores the escalation of IT-driven platforms over established product leaders--such as iPhone's rapid domination of its industry at the expense of Nokia, Blackberry, Motorola, Sony Ericsson and others. The four-week, online course also provides technology leaders with ways to prepare for even more rapidly unfolding disruption.

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MIT Sloan's "ACE" explained

Posted by MIT Sloan Executive Education - 4 months and 18 days ago

At MIT Sloan Executive Education, we offer a variety of executive certificates that help professionals pursue their business knowledge and skills on a convenient, flexible schedule of their own design. One such certificate is the ACE, or Advanced Executive Certificate Program in Management, Innovation, and Technology. Here are some frequently asked questions (and answers) that will explain just how the ACE differs from our other executive certificates. 

What is the Advanced Certificate for Executives in Management, Innovation, and Technology (ACE)?
ACE is awarded to participants who attend 25 program days and complete at least two programs from each of our executive certificate tracks within a four-year period. (At least 20 program days must be attended in person rather than virtually.) The three tracks are: Management and LeadershipStrategy and Innovation; and Technology, Operations, and Value Chain Management.

What type of executive typically pursues an ACE?
The ACE is designed for executives from any industry or level who see the value of staying current with the latest thought leadership, management insights, and business expertise provided by the MIT Sloan School of Management.

How does the program work?
ACE is not a single program with a single group of participants. As an ACE participant, you choose the courses that best suit your interests and schedule. You can start earning an ACE at any time, as soon as you enroll in one of our 40+ open enrollment programs.

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The Entrepreneurship Development Program at MIT Sloan: "Shark Tank," minus the sharks

Posted by MIT Sloan Executive Education - 5 months and 18 days ago

Once each year, MIT Sloan Executive Education offers the Entrepreneurship Development Program, which draws participants from around the world to learn how to develop ideas into successful businesses. The week-long course includes lectures by senior MIT faculty, visits to high-tech startups, live case studies presented by successful entrepreneurs, and culminates with small group projects and Shark Tank-like judging of business pitches. But instead of aggressive feedback edited for prime-time television, the judging is led by Bill Aulet, Senior Lecturer at MIT Sloan and Managing Director of The Martin Trust Center for MIT Entrepreneurship and includes other MIT Sloan faculty, students, and alumni.

Program participants are tasked with coming up with a viable business idea, developing a business plan, and presenting the concept to the other participants and judges, pitching it as they would to a venture capital firm. The teams work on their businesses over lunches and in the evenings across the five program days. Each team is given a coach who provides feedback throughout the process and with whom they rehearse aspects of their pitch during the first four days of the course.

The teams are tasked with determining their business's product, target customer, value proposition, and competitive advantage. They must also create a business model, including:

  • Pricing
  • The lifetime value of an acquired customer (LTVOAC)
  • A go-to-market plan
  • The cost of acquiring a customer (COCA)
  • Financial projections
  • Funding strategy
  • Exit strategy

Once they reach Friday, the teams have to present their business ideas, complete with a business name, a product name (if different from the business), and even a logo. After the initial judging and feedback, four teams are selected to be finalists. These finalists pitch again, and ultimately one business is selected as the winner.

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The MIT Sloan Advanced Management Program--your questions answered

Posted by MIT Sloan Executive Education - 6 months and 5 days ago

You’re a senior executive looking to solve tough business problems and advance your career. You know you want an immersive program with top faculty and a cohort of exceptional peers, but you're also looking for a program that can fit your time constraints. You may be considering an advanced management program. If so, here are some questions you may be considering.

Why an Advanced Management Program?

Wondering if an advanced management program might be right for you? Executives enroll in postgraduate programs for many reasons, but most have an immediate need to focus on strategic skills and particular business challenges. You may be an entrepreneur looking to scale your business. Or perhaps you are preparing to step up into a job that is bigger and more complex than your current role.

Some advanced management programs tend to be "MBA refreshers." The Advanced Management Program (AMP) at MIT Sloan, however, is a five-week program focused less on core curriculum--the entire course is built around custom modules--and more on strategic cross-functional skill sets that you can immediately put into practice.

For example, one former AMP participant entered the program with a patent for a new product, and by the time he left, he had built a commercial business plan, received legal advice, and made essential contacts for the development of his product. Another attendee who was in charge of supply chain for beverages and beers for his US-based company wrote a plan for growing the business in Africa.

Why the Advanced Management Program at MIT Sloan?

There are many advanced management programs out there. So why choose MIT Sloan? In addition to its challenging learning experience, the program has many features that differentiates it from similar programs, making it--in a word--transformational. Executives from around the globe enroll in AMP to take advantage of:

  • The engineering and scientific culture of MIT
  • The integration of science, technology, and management that is part of the Sloan curriculum
  • The small cohort of global leaders (limited to 35), providing outstanding opportunities for networking, bonding, and the sharing of ideas.
  • The faculty--the same thought leaders who teach in our exceptional degree programs for experienced managers, such as the MIT Sloan Fellows Program and the MIT Executive MBA.
  • One-on-one leadership coaching and individualized, 360-degree feedback assessments from these world renowned scholars
  • Our alumni network and the innovation eco-system around MIT

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