Category: About Exec Ed

Join the platform revolution

Posted by MIT Sloan Executive Education - 8 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 - 1 month and 20 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 - 2 months and 19 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 - 3 months and 7 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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MIT Sloan Executive Certificates--the questions you've always wanted to ask

Posted by MIT Sloan Executive Education - 3 months and 15 days ago

If you're considering pursuing an Executive Certificate with MIT Sloan Executive Education, you probably have some questions about the process. Here are some answers that may help.

What is an MIT Sloan Executive Certificate?

An Executive Certificate is a course of study that allows participants to further their business knowledge and skills on a convenient, flexible schedule--in as few as two weeks or over time (up to four years).  It is formal recognition of professional development and commitment to continuous learning.

What types of certificates are available?

Each of our 40+ short courses fall into one of three areas of concentration known as certificate tracks: Management and LeadershipStrategy and Innovation; and Technology, Operations, and Value Chain Management. Certificates are offered in each of these tracks, which focus on specific areas of interest and meet different goals.

What is the focus of the Management and Leadership track?

This track is an ideal option for technical executives who want to enhance their general management and leadership skills to become confident leaders prepared to tackle challenging issues in complex environments. The curriculum focuses on core business competencies including marketing, finance, negotiations, change management, and systems thinking, offering solutions to problems that executives face every day.

What is the focus of the Strategy and Innovation track?

MIT Sloan is world renowned for the development and advancement of bold management methods and practices that address critical business issues in innovation. Participants in this track will examine cutting-edge strategic approaches and tools for managing products, technology, and an innovative company culture--as well as how to incorporate forward-looking digital strategies to enhance organizational success.

What is the focus of the Technology, Operations, and Value Chain Management Track?

Technology-based processes are so intrinsic to today's business environment that many people underestimate their impact and the unexpected ways technology may be used. Programs in this track offer nontechnical executives and tech-savvy managers an opportunity to discover how to recognize, manage, and profit from the significant ways in which rapidly evolving technology and global networks transform an organization.

How do I qualify for an Executive Certificate?

To qualify, participants must complete four programs--with at least three coming from their chosen certificate track--within a four-year period. At least one of the programs must be attended in person rather than virtually. There are many different program combinations available, including the option of completing the Executive Certificate requirements in as few as two weeks (our many consecutive programs make it possible to complete two programs in as few as four days).

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INNOVATION@WORK webinar recordings from 2015—at your fingertips

Posted by MIT Sloan Executive Education - 4 months and 2 days ago

Thousands of people globally have listened to the MIT Sloan Executive Education INNOVATION@WORK Webinar Series, learning breakthrough concepts and innovations from MIT Sloan faculty. In case you missed them, here's a roundup of 2015’s recorded webinars from our always-accessible webinar archive.

Product Platforms: A Source of Competitive Advantage with Bruce Cameron
Companies from Toyota to GE use product platform strategies--the reuse of components, core technology, and design solutions across a range of products--to deliver more variety to their customers, lower costs, and compete more effectively.  Many companies, however, do not succeed in becoming platform leaders. Learn why they fail, and how product platforming can deliver ROI for your organization. 

Building Better Organizations with Collective Intelligence with Thomas Malone
Learn how your organization can be more productive, effective, and intelligent by harnessing organizational approaches made possible by the latest communications technologies. Drawing on numerous case studies, Professor Malone illustrates how collective intelligence works, and what it can do for your organization. 

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Is Greece missing an opportunity to turn to innovation-driven entrepreneurship?

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

Projections for the economy in Greece are dire. Economic recovery is not certain, and when it comes, it will certainly be long and painful. And despite BloombergView stating, "While not out of the woods, Greece’s large banks seem to be showing signs of life," there’s still widespread unemployment and an overall bleak outlook.

Phil Budden, Senior Lecturer at MIT Sloan, argues in Fortune that the current fiscal crisis can be turned into an opportunity for the country. Budden recommends the country and its people follow the advice of Winston Churchill by "never letting a crisis go to waste." Greece might follow the example of other countries that have struggled economically, and it could begin to "gradually shift its focus away from macroeconomic problems and toward the task of creating an innovation ecosystem."

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Three MIT Sloan Executive Education faculty among prestigious Thinkers50 honorees

Posted by MIT Sloan Executive Education - 5 months and 13 days ago

We are proud to announce that three faculty members of MIT Sloan Executive Education were recently named to the Thinkers50 list, the world's most prestigious ranking of management thinkers: Erik Bryjnolfsson, Professor of Information Technology and the Director of The MIT Center for Digital BusinessDouglas Ready, Senior Lecturer; and Hal Gregersen, Senior Lecturer and the Executive Director of The MIT Leadership Center

Brynjolfsson, along with his colleague Andrew McAfee, shared the Digital Thinking Award, which "celebrates the thinker who has done the most to transform the digital revolution into useful management insights." Brynjolfsson and McAfee authored The Second Machine Age: Work, Progress and Prosperity in a Time of Brilliant Technologies.

Ready, a faculty member whose research on aligning purpose, performance, and principles has led to the popular concept of implementing a company's Collective Ambition. He currently teaches in the two-day course, Building Game-Changing Organizations: Aligning Purpose, Performance, and People.

Gregersen explores how leaders in business, government, and society discover provocative new ideas, develop the human and organizational capacity to realize those ideas, and ultimately deliver powerful results. He is the co-author of The Innovator's DNA: Mastering the Five Skills of Disruptive Innovators, and teaches in The Innovator's DNA: Mastering Five Skills for Disruptive Innovation and the Advanced Management Program

Congratulations to our faculty members--the honorees, nominees, and those who continually exemplify the leading-edge management thinking of which we are so proud here at MIT Sloan.

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