Management and Leadership
Business Dynamics: MIT's Approach to Diagnosing and Solving Complex Business Problems
Dates: Jun 03-07, 2013
Certificate Track: Management and Leadership
Location: MIT Campus, Cambridge, Massachusetts
Tuition: $8,100 (excluding accommodations)
Program Days (for certificate credit): 5
In a world of growing complexity, many of the most vexing problems facing managers arise from the unanticipated side-effects of their own past actions. In response, organizations struggle to speed learning and adopt a more systemic approach. The challenge is to move past slogans about accelerating learning and “thinking systemically” to practical tools that help managers understand complexity, design better operating policies, and guide effective change.
This program introduces participants to system dynamics, a powerful framework for identifying, designing, and implementing high-leverage interventions for sustained success in complex systems. It has been used successfully in diverse industries and organizations, such as Airbus, Compaq, General Motors, Hewlett-Packard, Intel, and Merck. Developed at MIT more than thirty years ago by computer pioneer Jay Forrester, system dynamics led to the creation of management flight simulators that allow managers to experience the long-term side effects of decisions, accelerate learning, and design structures and strategies for greater success.
Through intensive, hands-on workshops and interactive experiments, participants will be exposed to the principles of systems thinking and practical methods for putting them into action. They will be introduced to a variety of tools, including mapping techniques, simulation models, and MIT’s management flight simulators, which they can apply to their own business environment as soon as they complete the program. Throughout the week, participants work in small groups and interact closely with the course leaders, Professors Sterman and Repenning.
Join the MySloanExecEd Community Group for this program to network with past, present, and future participants.
Effective decision making and learning require tools to better understand how the structure of complex systems influences the behavior of individuals within them and the overall outcomes. The concepts and frameworks covered in Business Dynamics will enable participants to:
- discover why dysfunctional dynamics persist in organizations
- understand why success in one area often means trouble for other areas, and how to avoid this problem
- identify and understand complex situations and the dynamics they produce
- assess in advance the likely impact of different policies and decisions on the growth, stability, and behavior of organizations
- design integrated growth strategies
- reduce critical delays in new product development and introduction
- make strategic decisions that result in outcomes consistent with overall objectives
- develop the ability to think systemically and dynamically
- implement successful change initiatives
Business Dynamics is designed for executives, managers, planners, strategists, and consultants who work with management teams. It also benefits administrators of public and not-for-profit organizations, management scientists, and educators.
Titles of past participants have included:
- Chief Executive Officer
- Vice President, Learning and Innovation
- Chief Investment Officer
- Decision Consultant
- Manager, Continuous Improvement
- Director, Forecasting and Market Intelligence
- Quality and Process Director
- Vice President, Performance Measurement and Management
- Director of Process Management
- Senior Quality and Business Excellence Consultant
- Director of Programs and Strategic Planning
- Manager, IT Strategy and Competencies Development
- Director, Corporate Planning
- Change Manager
- Director, Customer Investment Program
- Operations Improvement Manager
- Director, Enterprise Risk Management
- Professor
- Director, Process Improvements Initiatives
- Vice President, Global Network Services
- Director, Sustaining and Process Engineering
- Manager of Corporate Planning
- Operations Research Analyst
The benefits of the program are reinforced when three or more participants from the same organization attend. Companies are encouraged to sponsor cross-functional team participation.
Please note that faculty are subject to change and not all faculty teach in each session of the program.
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Bobby Milstein
Visiting Scientist
Bobby Milstein both supports and studies innovations to improve health and health equity. He consults on the use of dynamic, democratic processes to transform health systems. With an educational background that combines anthropology, behavioral science, and systems science, he specializes in large-scale institutional change and understands the need to align multiple lines of action... ... (more) -
Mark Paich
Senior Lecturer
MIT Sloan School of ManagementMark is widely regarded as one of the world’s foremost experts on the dynamic modeling methodology, both as an experienced analyst and a proven instructor. Mark has published extensively on dynamic modeling in Management Science, Interfaces, Sloan Management Review, and several book chapters. In addition, his work has been featured in John Sterman’s Business Dynamics, Peter Senge’s Fifth Discipline Field Book, and Vince Barabba’s Surviving Transformation... ... (more) -
Nelson Repenning
Professor of System Dynamics
Nelson P. Repenning is a Professor of System Dynamics at the MIT Sloan School of Management. His work focuses on understanding the factors that contribute to the successful implementation, execution, and improvement of business processes.Professor Repenning has received several awards for his work, including best paper recognition from both the California Management Review and the Journal of Product Innovation Management...
... (more) -
John Sterman
Jay W. Forrester Professor of Management
Professor of System Dynamics and Engineering Systems
Director, MIT System Dynamics GroupJohn D. Sterman’s research centers on improving managerial decision making in complex systems. He has pioneered the development of “management flight simulators” of corporate and economic systems. These flight simulators are now used by corporations and universities around the world. His recent research ranges from the dynamics of organizational change and the implementation of sustainable improvement programs to experimental studies assessing the public’s understanding of global climate change... ... (more)
| DAY One SAMPLE | |
| 08:00 AM - 08:30 AM | Introduction and Course Outline |
| 08:30 AM - 10:30 AM | Beer Distribution Game |
| 11:00 AM - 12:30 PM | Game Results and Discussion |
| 12:30 PM - 01:30 PM | Luncheon |
| 01:30 PM - 03:00 PM | Feedback Loops and Simple Structures |
| 03:30 PM - 05:30 PM | Simulation Workshop: Exploring Simple Structures |
| 05:30 PM - 06:30 PM | Reception |
| DAY Two SAMPLE | |
| 08:30 AM - 10:30 AM | Tools for Systems Thinking |
| 10:30 AM - 12:00 PM | Dynamics of Process Development |
| 12:00 PM - 01:00 PM | Luncheon |
| 01:00 PM - 03:00 PM | Modeling and Policy Design |
| 03:30 PM - 05:00 PM | Modeling and Policy Design Workshop |
| DAY Three SAMPLE | |
| 08:30 AM - 10:00 AM | Late, Expensive and Wrong |
| 10:30 AM - 12:00 PM | Project Management Dynamics (session 1) |
| 12:00 PM - 01:00 PM | Luncheon |
| 01:00 PM - 02:30 PM | Project Management Dynamics (session 2) |
| 03:30 PM - 05:00 PM | ReThink Health Management Flight Simulator |
| DAY Four SAMPLE | |
| 08:30 AM - 10:00 AM | Climate Policy Simulator |
| 10:30 AM - 12:00 PM | People Express Management Flight Simulator |
| 12:00 PM - 01:00 PM | Luncheon |
| 01:00 PM - 03:00 PM | People Express Conceptualization and Policy Design |
| 03:30 PM - 06:00 PM | People Express Conceptualization and Policy Design (session 2) |
| 06:00 PM - 07:30 PM | MIT Campus Tour |
| 07:30 PM - 09:00 PM | Reception and Dinner at MIT Museum |
| DAY Five SAMPLE | |
| 08:30 AM - 10:00 AM | Systems Dynamics in Action: The GM Experience |
| 10:30 AM - 12:00 PM | Systems Dynamics in Action: The Implementation Challenge |
| 12:00 PM - 12:30 PM | What do I do Monday morning? How to Keep on Learning |
Featured Video
Professor Nelson Repenning on Business Dynamics at MIT
Professor Nelson Repenning discusses system dynamics, a technique developed at MIT for solving complex problems, and MITs ...more
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