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MIT Campus, Cambridge, Massachusetts

Creating High Velocity Organizations

October 22-23, 2020


What makes some organizations capable of generating and sustaining high-velocity, unparalleled, relentless improvement and innovation? This program will introduce the fundamental principles by which such acceleration occurs, give examples of those principles in practice, and give participants an opportunity to test how those principles can be applied and translated to their own work.


Some organizations achieve such exceptional levels of performance?time to market, quality, safety, affordability, reliability, dependability and adaptability?that it puts their rivals to shame. Though few in overall number, they exist in manufacturing, high tech, heavy industry, product design and production, and services, such as health care delivery. The select few are capable of generating and sustaining such high-velocity, broad-based, relentless improvement and innovation, that they achieve unparalleled levels of excellence. Learn what drives the success of these companies.


The Learning Experience

Creating High Velocity Organizations employs several teaching techniques: presentations, case discussions, video dramatizations, and an in-class simulation emphasizing a participatory style to maximize the opportunities for "learning by doing." The program material is organized into thematic modules designed around the four key principles of building the discovery capability in an organization?smart work design, creative problem solving, continuous knowledge sharing, and developing of discovery skills among employees. Each module consists of several sessions, which demonstrate, first, the positive impact through successful application of those key principles, and then provides examples of negative results when those principles were clearly needed but not applied. Each session is punctuated by facilitated small-group exercises, in which participants can actively apply the ideas and examples offered in class to their own specific, real-life situations.


Assignment Required Before Arrival

This program will provide multiple opportunities for participants to explore their own processes. Participants should come prepared to work on an important challenge in their organization.

This program will enable participants to:


  • Create an organization where work is done by harnessing the best-known approaches available and signaling the need for new knowledge.
  • Solve problems as they arise and to develop new understanding that prevents the problems from recurring.
  • Multiply the impact of local discoveries by making them useful systemically throughout the organization.
  • Lead an organization where discovery is encouraged, supported, and promoted at all times. 

The MIT Edge

Traditional business-school curricula tend to focus on teaching decision-making skills as a way to success. However, many companies today?especially those in relatively new industries?find themselves lacking the information or the experience needed to make the decisions that could determine their future. That is where the leaders' ability not only to think, but also to behave like innovators, becomes vital to the success of the organization. Known for its commitment to innovation, with this program MIT Sloan offers a rare opportunity for participants to learn how to channel their curiosity into innovators' behavior.

Cambridge, MA

Analytics Management: Business Lessons from the Sports Data Revolution

October 22-23, 2020


Are you looking to take your analytics strategy to the next level? This new program provides executives the opportunity to step back and engage in the guided strategic thinking necessary to develop, refine, and implement an analytics program for their organization. It taps into the best practices from the sports industry?s analytics revolution as a case study.

Analytics are the present and future of sports, on and off the field. While the sports industry is an analytics pioneer, data driven decision-making has become essential to business success in nearly every industry. Starting an analytics program, however, is easier said than done. Taught by renowned sports strategist Ben Shields, this program provides executives insight into the sports industry's secret sauce; and helps them apply it immediately to the development of their own analytics program.

The first day of the program focuses on designing an analytics strategy. Faculty will introduce a strategic framework for developing an analytics program. Executives will learn how sports organizations have applied this framework on both the team personnel and business sides. Day one will conclude with an action-learning exercise to guide students in developing a working draft of their analytics strategy.

On the second day, the curriculum will focus on implementation. The success of an analytics program is not only driven by sound strategy but also the ability of an organization (and its executives) to execute through effective leadership and management. Critical topics on day two include making the right technology decisions, building and organizing an analytics team, and communicating data for impact. The day will close with a capstone session on leading an analytics transformation during which participants will share their new analytics vision for their organization.

Note: This is not an advanced data science course. This program is designed for executives who are looking for strategic insights and action plans on the management of analytics.

Cambridge, MA

Leadership by Design: Innovation Process and Culture

October 22-23, 2020


Successful companies create compelling, disruptive products and services by cultivating a culture of design thinking?and by putting people at the center of their process. These firms innovate continuously by connecting with customer needs and emotions and demonstrating effective design leadership. Learn how enable this design culture at your organization to achieve buy-in for your vision and create solutions that consumers love.


This new program helps individuals and teams understand and practice human-centered design. You will learn both strategic and hands-on techniques for structured exploration through prototyping. You will also learn how to enable an action-based organizational culture in which empathy is generated, trial and error is encouraged, and failure is celebrated as a source of learning?all resulting in successful innovation.


Drawing on the resources of MIT?s Integrated Design & Management curriculum and its new Integrated Design Lab (ID Lab), this program combines the inspired, intuitive methods taught in the world?s best design schools with the systematic, analytical methods for which MIT is world renowned. This program is led by Matthew S. Kressy, creator and Director of Integrated Design & Management (IDM).Course content includes:

Discussions on expression and culture
Field exercises in observation, exploration, and user empathy
Lectures on concept generation
Studio exercises in persona development and story telling
Lectures and case studies pertaining to design leadership
Hands-on sketch modeling and rendering exercises
Functional prototyping workshops
Opportunities to build, test, and iterate prototypes in teams
Concluding discussions on process and leadership


The tools presented in the program can be applied to any range of human-centered innovation problems and opportunities including products, services and social/societal challenges.


By applying a human-design centered approach to leadership, you?ll be able to conceive of radically innovative solutions to multifaceted problems, create a vision that gets buy-in from senior management and colleagues, avoid hazards, and create solutions that people love both emotionally and intellectually.

Cambridge, MA

Strategic Cost Analysis for Managers

October 27-28 2020


This cost analysis course offers a unique opportunity for program and project managers to learn cost accounting-based management practices and strategies for making smart business decisions that justify outcomes and create value. Whereas financial accounting is used primarily to communicate the overall results for an entire organization to external parties, strategic cost analysis helps you answer the granular, day-to-day questions:
How much does this product cost to make?
How should I price this service?
How do I use the budget process to help me plan better in the first place?
How do I evaluate the performance of my employees?
Program material is drawn from our popular and highly rated MBA course on managerial accounting, and topics include:product costing, activity based management, flexible budgeting, variance analysis, and performance measurement systems.


The program offers a series of interactive lectures, cases, and small group exercises that will help participants better understand:


  • The language and mechanics of cost accounting that goes on within complex organizations

  • Cost allocation, absorption costing, and transfer pricing, and their effect on reported performance

  • How to identify good results even though the accounting numbers look bad, and bad results when the accounting numbers look good

  • Companies? internal metrics for evaluating management

"I came to this program with the goal of better understanding how businesses make financial decisions about the projects they invest in. The program met my expectations in every respect. Both the content and the instructor interaction helped me understand the bottom line." - Peter N., Past Participant



"Excellent course for managers to better understand cost accounting and how to build up strategies using cost accounting tools."
- Nawaf A. Past Participant



"As a chartered accountant and a finance practitioner, I came with the mindset that it was going to be a refresher. I was wrong! Plus, the networking opportunities I gained from this class still serve me today." - Segun O. Past Participant

Cambridge, MA

Building Game-Changing Organizations: Aligning Purpose, Performance, and People

October 29-30, 2020


Game-changing organizations rewrite traditional playbooks. They stand out. They often create disproportionate value relative to their size and resources. They have big dreams but know how to get things done. These organizations have a palpable "buzz" to them. They have a breakaway business model, but they also have a breakaway spirit and organizational culture.


Leaders of these game-changing organizations understand the power and importance of telling their companies' compelling stories. They are hard-edged business leaders but they also embrace what others might consider to be the "soft side" of leading: purpose, vision and climate. They know how to integrate the hard and soft sides of leadership into a powerful formula that makes them game-changers. These leaders, and their organizations are: purpose-driven; performance-oriented; and principles-led. The weaving together of these three capabilities simultaneously is what helps them get and stay out in front.

Participants in this new program will learn what it takes to build game-changing organizations that make their teams and areas of responsibility world-class talent factories. They will also discuss the importance of building an authentic and energizing culture, and learn from the successes and challenges of various companies that have been on similar journeys of transformation.

Participants in this program will:


  • Understand what it takes to build game-changing organizations
  • Be provided with the resources and tools to articulate their company's powerful story--what we call their "collective ambition"
  • Examine how to integrate the "soft" side of leading (purpose, vision, culture) with the hard side (strategy, operational priorities, brand) into a powerful formula
  • Understand the importance of building an authentic and energizing culture
  • Understand what it takes to make their companies world-class talent factories

Cambridge, MA

Fundamentals of Finance for the Technical Executive

October 29-30, 2019

This program is designed to provide senior technical managers with the financial concepts, strategies, and tools needed to deal more effectively with corporate financial management. Course curriculum focuses on basic financial principles for project evaluation, funding, and resource allocation, helping leaders to work more effectively with financial decision makers and apply the principles of finance to short-term and long-range goals.

Today's technical executive must be able to use finance to persuade corporate financial officers to fund projects as well as use financial tools to address senior management's concerns about risk. Focused on basic principles of accounting and financial decision making for managers, this program will help transform a technical manager?s ability to manage and advocate for both day-to-day and long-term activities. 

This interactive, hands-on program will enable participants to:


  • Understand how funding decisions are made and how they can influence those decisions by applying financial principles to project evaluation and resource allocation
  • Learn how to assess projects for their potential economic value
  • Conduct discounted cash flow (DCF) valuations

This program is designed for executives who manage project teams and departments, and technical professionals involved with R&D, product and software design, engineering, and other scientific and technical work. No advanced quantitative skills are required, but participants should bring calculators.


Past participants have included key members of technical management, such as:


  • CIOs
  • Chief technologists
  • Head scientists
  • R&D and product development directors
  • Engineering and manufacturing vice presidents
  • Corporate strategists
  • Project managers
  • Systems information managers

Cambridge, MA

Essential IT for Non-IT Executives

October 29-30, 2020


For non-technical business leaders and corporate strategists, IT can be a source of much frustration. In many companies, the relationship between IT departments and business leaders is like a troubled marriage?miscommunication is rife, leaving executives struggling to improve the situation. This course is intended to help organizations develop a language shared by managers from various backgrounds and areas of expertise, so they can work together efficiently and productively, propelling the company toward future success.


Do you feel as though everything regarding IT takes too long and costs too much? Do you lack the language and instincts to make good decisions regarding IT? Is your company falling behind the competition in your use of technology?


Essential IT for Non-IT Executives offers essential IT management training to help non-technical senior business managers work with, oversee, and generate value from IT. Drawing on MIT Sloan research, faculty present strategies for instituting a working relationship between IT managers and business managers based on transparency?clear communication about IT performance and decision processes. The program is not meant to make an IT specialist out of every manager, but to make every manager confident in resolving IT issues and working with IT staff to make better decisions and to deliver better process change.

Through case studies, research reports, hands-on exercises, and interactive discussions with industry experts, participants learn

* how to align IT with their organizations' business goals * how to communicate those goals * how to set business and technology priorities based on those goals

Participants come away from Essential IT for Non-IT Executives with a senior manager's perspective on the most important IT issues of the day. And they leave with a clear sense of their own role in streamlining company performance through technology.

The Participant Team

This program is designed for line managers and corporate strategists who want a better handle on their role in IT oversight and management. The material is especially relevant for non-technical managers with IT responsibilities. In turn, IT managers will gain a better perspective on how to work productively with the company's senior executives. In fact, we strongly encourage participants to attend this program in tandem or as teams of IT and non-IT managers. Away from the habitual patterns of everyday work, colleagues learn to collaborate in ways they've never thought possible. Past participants have included senior managers at the division or corporate level:

* CEOs * corporate and strategic planners * presidents * executive vice presidents * COOs * vice presidents of operations

Faculty

George Westerman, Faculty Chair and a Research Scientist at MIT Center for Information Systems Research, examines executive-level management challenges at the interface between IT and business units. His reasearch on risk management, innovation, and communicating about value, including award-winning publications, is used by organizations throughout the world.

Cambridge, MA

Understanding Global Markets: Macroeconomics for Executives

November 2-4, 2020


Understanding Global Markets: Macroeconomics for Executives presents tools and frameworks to help executives understand and predict the medium-to long-run performance of economies in order to mitigate risk, develop growth plans, and make investment decisions, both locally and abroad. Participants will leave the program better able to make business decisions that take global markets and macroeconomics into account and how to interpret economic change in the context of their organization.


This course is designed to help business leaders understand monetary policy and central bank decision making, and how these factors impact the countries in which they operate. This popular program started as a two-day course, but due to participants enthusiasm, it is now offered in a three-day format. This additional time lets participants more thoroughly explore international monetary policy and how the economies across Europe, Asia, and the United States affect one another, especially in times of crises


MIT Sloan professor Roberto Rigobon brings this content to life. His fun, fast-paced, high-energy teaching style helps to convey how highly relevant macroeconomics are to businesses today.


The tools and frameworks presented in this program will enable participants to:


  • Understand the nature and behavior of financial crises

  • Learn to interpret financial indicators

  • Recognize economic trends

  • Predict likely actions of central banks and governments

  • Make informed off-shoring decisions

  • Be successful in international investments

  • Gain a thorough understanding of the dynamics of comparative advantage, sources of international conflict and the varied responses of economies to crisis.

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