MIT Sloan Executive Education innovation@work Blog

Category: Principled Leadership

Industry leaders share wisdom on leading, innovating, and disrupting

Posted by MIT Sloan Executive Education - 1 month and 14 days ago

Ray Wang speaking at MIT

What defines the path to success in today's business world? From lessons about embracing failure and passion to the importance of mentorship, top executives share their views on success and more as part of the Innovative Leadership (iLead) Series, presented by the MIT Leadership Center and MIT Sloan. The iLead Series was developed to give a platform to a diverse set of thought leaders in problem-focused leadership. The series celebrates innovators who make a difference by finding solutions to tough, edgy problems in a complex, fast-moving world.

The following talks from the 2016 and 2017 iLead Series can be viewed on the iLead website and on the MIT Leadership Center's YouTube channel.

Embracing digitization and mentors: When John Chambers, former CEO of Cisco Systems Inc., was recovering from tumultuous times at his company in 2011, he looked for a mentor and found former General Electric Company chief Jack Welch, who told him that those tough times could be the best years of leadership. Today, he is an enthusiastic supporter of digitization, cautioning that the U.S. is the only major country without a strong digitization plan and is at risk of losing its economic power. "Either you disrupt or you get left behind. There’s no entitlement just because we led before." Watch the video.

Learning from failure: Andy Plump, Chief Medical and Scientific Officer at Takeda Pharmaceuticals U.S.A. Inc., says whether you lead or follow it helps to embrace failure, and that partnerships with outside companies will make it easier to fail fruitfully. He calls it "honorable failure" and adds, "When we have a failure now, we bring it to a public setting and we learn from it." Watch the video.

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Developing principled, innovative leaders: What does MIT Sloan's mission mean today?

Posted by MIT Sloan Executive Education - 8 months and 18 days ago

Contributed by Peter Hirst, Associate Dean, MIT Sloan Executive Education

Peter Hirst MIT Sloan Executive Education

Perhaps as an antidote to the level of discourse on leadership during this year's U.S. presidential elections, Brexit, and the seemingly endless supply of corporate scandals (Wells Fargo being the latest example), I've been thinking a lot about the MIT Sloan mission recently: " ... to develop principled, innovative leaders who improve the world and to generate ideas that advance management practice."

The phrase "principled, innovative leaders" especially has been on my mind—what does it mean, really? What qualities make a principled, innovative leader? Who are the principled, innovative leaders of our generation? Steve Jobs? Oprah Winfrey? Mark Zuckerberg? Are they empire builders or trail blazers? Maybe both? Are they always in the spotlight or working quietly behind the scenes? What difference does it make to employees, customers, shareholders, and society as a whole that business leaders are principled and innovative? The list of questions goes on and on, and it seems like a perfect opportunity to engage the wisdom of crowds to find answers.

Why is this important? Knowing what the MIT Sloan mission means to you can potentially guide the direction of our future executive education programs. That's why in the coming weeks I plan to ask anyone who is willing to share an opinion to do so. Please feel free to share examples or opinions of what principled, innovative leadership means to you, using the comment tool on this blog. What would you be encouraging me to keep in mind while I am thinking about articulating and implementing our vision of principled, innovative leadership at MIT Sloan Executive Education?

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