Executive Education: Updating for the Age of Complexity

Executive Education: Updating for the Age of Complexity

By Discovery Lean Six Sigma

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Executives today must be able to understand how things interdepend and evolve in order to navigate complexity.  Current Executive Education provided by the business degrees and  MBAs on offer are not providing adequate knowledge, methods and tools.  We already propose a full operational solution for organizational design for complexity (see ‘The Organization as a Network of Projects’). Here we propose a solution for Executive Education because the systemic problems that today affect markets and industries require systemic solutions. 

Why MBAs are stuck in the past

Many business schools continue to offer the same curriculum to their students, even though they are aware that much of it is out of date. While executives will always need to understand things like marketing, finance and how to read a balance sheet, business schools are not able to offer the subjects in a sufficiently interconnected way for today’s reality. Why? Because like most organizations, schools are structured hierarchically and in silos. Even if schools consider themselves to be interdisciplinary, this structural limitation prevents them from innovating what they teach and the way they teach it in a significant way. Their courses are offered in ‘pieces’ that are then assembled together, but they never form a holistic whole.

A new kind of thinking

Executives and leaders today need to be able to think in a radically different way if they are to keep up with and anticipate change. A simplistic way of putting it is to say that they need to be able to connect the dots. An accurate way of describing this is to say they need to be able to think systemically. They need to have a holistic understanding of the reality they are in, they need to know that when they make a decision and act on that decision, there will be repercussions. Executive Education needs to provide them with a way to “see” those effects before they happen.

A new way of counting

The kind of management accounting that students are taught in MBAs is necessary because of the way tax reporting is done and balance sheets are written. However, it is not the most useful way of understanding cash coming in and cash coming out. When executives lose a sense of the real money they are handling (money in and money out) as opposed to more fluid accounting numbers, they can put an enterprise at risk. They also need to acquire a Throughput mentality to grow the company and this does not come from management accounting. 

A new way of understanding

A company is made up of many processes, such as sales, production etc. These processes display a behaviour and this behaviour can be measured. There are statistical methods for understanding precisely whether a process is in statistical control or not. If an executive does not have this detailed level of understanding of the processes under their responsibility, then they cannot possibly know when and if it is the case to make changes for improvement. Without this knowledge, they risk doing more harm than good.

A new way of caring

Processes, apart form purely mechanical ones, are operated by humans. As humans, we have fears, desires, needs and a whole range of emotions. Executives need to be able to interact with their staff on an emotional level, with intelligent emotions. This kind of skill can be learned and developed.

Moreover, students today are actively interested in learning about business within the context of ethics and values, as an article regarding a UN  initiative stated:

A recent survey has shown that over 75% of students believe all business schools should teach courses on ethics and sustainability. Meanwhile, 80% agreed that social responsibility and profitability can be compatible, and 77% say that companies should do a lot more for society and the environment.

A new curriculum

It’s not enough for schools to pay lip service to a new, more enlightened and ethical way of doing business and being an executive. They need to give students a way to make those legitimate desires operational. In order for an executive to act proficiently and effectively in today’s complex environments, they need to be able to understand and navigate complexity. They need to be able to deliver the purpose of their organization. Business degrees and  MBA curricula today should therefore:

  • enable a systemic understanding of organizations and the interdependencies they are part of
  • teach systemic thinking skills for complexity
  • teach accounting methods for throughput management
  • teach statistical methods to understand and manage processes
  • teach management skills to manage conflicts and interact with staff in a meaningful way

This curriculum for an MBA for complexity  can be built right away with the Thinking Processes from the Theory of Constraints, Throughput Accounting, and statistical methods that have been around for decades. We also take the opportunity of illustrating a new curriculum in detail in our book from CRC Press,  ‘Quality, Involvement, Flow: The Systemic Organization’. 

New skills

Schools need to prepare students for the new skills that are increasingly required. Research from the World Economic Forum identifies ten top skills for the future:

  • Complex problem-solving
  • Critical thinking
  • Creativity
  • People management
  • Coordinating with others
  • Emotional intelligence
  • Judgment and decision-making
  • Service orientation
  • Negotiation
  • Cognitive flexibility

 

All of these skills are directly addressed in the curriculum we propose. People already know that expensive business school programs are not providing everything they really need today. The question is, how long will it take business schools to understand they need to offer this kind of program?

Intelligent Management, founded by  Dr. Domenico Lepore, helps leaders in organizations speed up flow, overcome silos, and  shift towards a whole system way of working through a synchronized  Network of Projects. We support our international clients through education, training and the Ess3ntial multi-project software to schedule competencies and unlock the potential of human resources. Based on our proprietary Decalogue methodology .

See our new books  The Human Constraint – a business novel purchased in 37 countries  so far and  ‘Quality, Involvement, Flow: The Systemic Organization’  from CRC Press, New York, by Dr. Domenico Lepore,  Dr. Angela Montgomery and Dr. Giovanni Siepe

The post Executive Education: Updating for the Age of Complexity appeared first on Intelligent Management.




Original: https://www.intelligentmanagement.ws/executive-education-updating-for-the-age-of-complexity/
By: angela montgomery
Posted: March 13, 2019, 3:04 pm

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