Client Success Stories
Influential companies around the world engage MIT Sloan to help transform their organization, develop skilled leaders, and embark upon strategic business initiatives that require new thinking, methods, and processes. Below are some success stories that demonstrate how MIT Sloan collaborates with companies to create custom experiences that enable their executives to have a substantive, transformational, and long-lasting impact on their business performance.
The challenge: Aker Solutions, a Norway-based provider of oilfield products, systems and services worldwide, realized that in order to reach its ambitious growth targets it needed to strengthen its leadership capacity.
The solution: MIT Sloan created a collaborative learning environment for participants to develop new perspectives through a combination of teaching sessions, group discussions, and visits to innovative companies in the MIT ecosystem. During the program, executives applied the new knowledge to concrete and immediate business issues through action-learning projects and an MIT-designed project simulator, with the support of faculty mentorship and internal coaching.
The result: As a result, Aker Solutions reports significant improvements in alignment and collaboration among its many business areas and units, as well as broadening of managers' perspectives and increasing confidence to lead more complex projects.
Commonwealth Bank of Australia (CBA)
The challenge: CBA embarked on an unprecedented technology transformation to turn its IT capabilities from a cost center to a profit generator.
The solution: MIT Sloan faculty and program designers at the Executive Education Office developed a custom program to help turn CBA's IT leaders from functional managers to strategic thinkers and partners in the business organization, enabling innovations in products and services. The program was very content-rich, with senior faculty teaching principles of enterprise architecture and IT governance, change management, and demand-side marketing, and included hands-on learning approaches.
The result: The positive feedback senior leadership received from program participants fueled continued investment in large business transformations. CBA achieved its bold goals, including a cost-to-income ratio of 40 percent, and was soon thereafter ranked as one of the world's top ten banks.
The Fung Group
The challenge: Hong Kong-based global sourcing and purchasing giant needed to establish and reinforce a shared business culture across multinational operations.
The solution: MIT Sloan developed a custom program—held both on campus and in Hong Kong—that gave the company’s senior managers an opportunity to collectively learn the tools and principles necessary to improve its strategy and operation practices across the enterprise.
The result: Chairman Victor K. Fung (MIT SM ‘66) believes that the ongoing, large-scale custom executive education program with MIT Sloan is a cornerstone of the organization’s efforts to excel as a learning organization.
Harvard Hospitals Anesthesiology
The challenge: The Department heads at several Boston-area academic medical centers sought to empower medical professionals with leadership skills needed to improve patient care in a changing industry.
The solution: Utilizing teaching sessions, group discussions, and mentored projects, a custom program delivered management and leadership frameworks to the emerging leaders in anesthesiology, including how to identify, analyze, and address some of the prevailing challenges in the practice.
The result: After an intensive session at MIT Sloan and just seven weeks to implement projects in their hospitals, participants became not only active change agents, but also role models for others in their institutions, sharing knowledge and leading by example.
The challenge: As the Chinese economy matures and its society evolves, a strong need is emerging for a new leadership style at individual, institutional, and societal levels.
The solution: Bring together small cohorts of leaders from different sectors in an engaging and nurturing learning environment. Create, sustain, and expand leadership networks that can address the country's complex issues in new ways.
The result: Stemming from the success of the Zhejiang province pilot, IDEAS China is poised to become an ongoing nationwide learning program facilitated by Tsinghua University, with mentoring from MIT Sloan.
The challenge: The IDEAS program (Innovative Dynamic Education and Action for Sustainability) seeks to create a better future for Indonesia by building trust and collaboration among leaders in business, government, and civil-society sectors.
The solution: MIT Sloan and the IDEAS program assembles small cohorts of leaders from different sectors, using social technologies and advanced management approaches to train Indonesian leaders to recognize root causes of pervasive problems and learn to address them effectively through collaboration.
The result: IDEAS Indonesia is now in its fourth year and continues to evolve. Its success inspired a similar program in China, with a curriculum adapted to address the unique challenges of that country.
Here are a few other examples of the lasting relationships we've built with companies worldwide through our executive custom programs:
To inquire about developing a custom program for your organization, contact our Custom Programs team at email@example.com.
MIT Sloan’s custom programs give participants an opportunity to apply MIT-developed theories to actual problems and opportunities, both in the classroom and back at their organization.
Court Chilton discusses MIT Executive Education's Custom programs
Steve Eppinger talks about MIT Executive Education's Custom programs
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