IMD and the Tuck School of Business at Dartmouth Join Forces on Executive Program

Press Release from IMD

IMD and the Tuck School of Business at Dartmouth Join Forces on Executive Program to help experienced functional managers make the shift to business leadership positions

IMD and Tuck announce collaboration, starting with the Transition to Business Leadership program to be held at Tuck at Dartmouth in Hanover, N.H., and in Lausanne, Switzerland in spring 2015 – one module at each location.

Lausanne, Switzerland and Hanover, New Hampshire (October 20, 2014) – IMD and the Tuck School of Business at Dartmouth announced a new collaboration that will help global organizations develop their talent pipeline to ensure a competitive edge. IMD’s popular Transition to Business Leadership (TBL) executive education program will be offered in two modules, alternating between IMD located on the shores of Lake Geneva and Tuck’s Ivy League campus in Hanover, N.H., starting in spring 2015.

IMD launched the program, designed to help experienced functional managers make the shift to business leadership positions, earlier this year and it has quickly become one of the Swiss-based school’s most sought-after global leadership programs. The new collaboration brings together some of the top thought leaders in management practice from Tuck and IMD, pairing best-in-class teaching with real-world expertise. Participants will be issued a dual certificate of completion from both Tuck and IMD – a highly desirable distinction in any leader’s career development journey.

TBL is designed for experienced functional managers who have transitioned—or will soon transition—into business leadership positions. The program takes executives on a personalized journey during which they come to understand the common challenges and pitfalls that accompany any transition into a leadership role.

“Tuck Executive Education has a proven track record of developing strategic leaders and we are thrilled to be collaborating with them on this important program,” remarks program co-director Stewart Black of IMD. “TBL is a terrific way to complement experience and abilities and to ensure that executives are successful at making what, for most people, is one of the most difficult transitions in their entire career.”

TBL consists of two modules of two weeks: Understanding the Business Leader Role and Leading Change. Module 1 takes place March 2-13 at IMD in Lausanne. Module 2 will be held at the Tuck School on the Dartmouth College campus in Hanover from April 20 to May 1. The program includes pre-program, inter-module, and post-program distance learning.

TBL is led by IMD professors and program co-directors Stewart Black and Michael WatkinsSydney Finkelstein, Associate Dean for Executive Education at Tuck, is working in close collaboration with Black and Watkins and also serves as the faculty director for the Tuck module.

“There’s a global shortage of capable leaders and for global organizations who want that competitive edge, it’s a race for talent. Our collaboration with IMD will help close the gap,” said Finkelstein.

Read more about the IMD- Tuck TBL offering here.

IMD and Tuck will soon announce the launch of a joint program called “The Job of the CEO” which will help soon-to-be or recently promoted CEOs make the transition.

About IMD

IMD is a top-ranked business school. We are the experts in developing global leaders through high-impact executive education.

Why IMD? We are 100% focused on real-world executive development; we offer Swiss excellence with a global perspective; and we have a flexible, customized, and effective approach. (www.imd.org)

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IMD Business School in Lausanne, Switzerland

About the Tuck School of Business at Dartmouth

Founded in 1900 as the first graduate school of management, the Tuck School of Business is recognized among the leading business schools in the world. In the recent Economist’s worldwide ranking of full-time MBA programs, Tuck placed #2 worldwide.Tuck creates an environment of engaged learning that strengthens strategic leadership and accelerates organizational impact. Tuck Executive Education – where the business of learning is personal. (http://exec.tuck.dartmouth.edu/)

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Tuck School of Business in Hanover, New Hampshire


Contact for more information:

Alessandro Sofia

IMD

Head of Communications
Ph. +41 21 618 0636

Email: alessandro.sofia@imd.org

www.imd.org

This Week’s Business School Events

Monday Oct. 27

  • HBS Info Session, 4:00-5:00 PM EST in Aldrich 109. No registration required
  • Columbia Business School 12:30-1:30pm Uris Hall – Room 142. Register Here
  • Stanford GSB, 10:45am- 12:15pm , McClelland Building, Room M109. Register Here

Wednesday Oct. 29

  • UCLA Anderson Info Session 5:15pm PST in Suite B-201 Gold Hall. Register Here
  • Rotman Online Info Session 9:30-10:30am EST. Register Here

Thursday Oct. 30

  • Wharton’s Women’s Visit Day, Register Here
  • ESADE Online Info Session, 6pm Register Here

Friday Oct. 31

  • UT McCombs Info Session, 1-2:30pm at the Graduate School of Business. Register Here
  • USC Marshall 10-11am room ACC 201, to register, email macc.mbt@marshall.usc.edu

Business Schools Still Not Sold on the Importance of the GMAT’s Integrated Reasoning Section

guest blog post by Russell Schaffer of Kaplan Test Prep 

New York, NY (October 9, 2014) — According to Kaplan Test Prep’s 2014 survey of admissions officers at over 200 business schools across the United States*,  60% say that an applicant’s score on the GMAT’s Integrated Reasoning section (launched in June 2012) is not currently an important part of their evaluation of a prospective student’s overall GMAT score.  This represents a slight uptick from Kaplan’s 2013 survey, when 57% said an applicant’s Integrated Reasoning score was not important.  Despite that finding, Kaplan’s survey also finds that 50% of business schools pinpoint a low GMAT score as “the biggest application killer,” confirming that applicants still need to submit a strong score overall. And because GMAT takers receive a separate score for the Integrated Reasoning section, poor performance on this section cannot be masked by stronger performance on the Quantitative, Verbal or Analytical Writing Assessment sections of the exam.

New-GMAT-Sample-Question5

“The fact that a majority of MBA programs are still not currently placing great importance on the Integrated Reasoning section of GMAT is somewhat understandable since they may want to gather additional performance data before fully incorporating it into their evaluation process.  It’s important to remember that because GMAT scores are good for five years, many applicants in 2012, 2013 and 2014 probably submitted scores from the old GMAT, which did not include the Integrated Reasoning section.” said Brian Carlidge, executive director of pre-business and pre-graduate programs, Kaplan Test Prep.  “As more and more applicants submit scores from the current GMAT over the next couple of years, business schools may decide that Integrated Reasoning performance should play a more critical role.  Until that time though, Kaplan strongly advises MBA applicants not to discount the importance of preparing for and doing well on the Integrated Reasoning section. Similar to how not scoring well on Integrated Reasoning cannot be masked  by good performance on other sections because it receives its own separate score, doing well on Integrated Reasoning can set you apart from other applicants in a positive way. Use it to your advantage.”

For more information about Kaplan Test Prep’s 2014 survey of business school admissions officers, please contact Russell Schaffer at russell.schaffer@kaplan.com or 212.453.7538.

*For the 2014 Kaplan survey, admissions officers from 204 business schools from across the United States – including 11 of the top 30 MBA programs, as ranked by U.S. News & World Report – were polled by telephone between August and September 2014.

originally reported here: http://press.kaptest.com/press-releases/kaplan-survey-two-years-after-its-launch-a-majority-of-business-schools-still-not-sold-on-the-importance-of-the-gmats-integrated-reasoning-section-most-deem-it-unimportant-but-stude

This Week’s Business School Events

images-3MONDAY OCT. 6

  •  MBA Information Session: Harvard Business School Aldrich 109, 4:00 pm no registration required

TUESDAY OCT. 7

  • Introduction to Health Enterprise Management (HEMA): Northwestern University Kellogg School of Management, 5:15pm RSVP
  • Info Session with President of CEIBS: Barcelona/Madrid, 6:00pm learn more

WEDNESDAY OCT. 8

  •  MBA Information Session: UCLA Anderson School of Business 5:15pm Register

THURSDAY OCT. 9

  • Master of Science in Global Supply Chain Management Info Sessions: USC Marshall, 6:30pm Register

FRIDAY OCT. 10

  • Speaker Series with Citigroup on Business of Investment Banking, University of Michigan Ross School of Business, 3:00 learn more
  • MBA Info Session: Stanford Graduate School of Business, 10:45am Register

SATURDAY OCT. 11

  • Spotlight on EMBA Academics: Columbia Business School 10:30am Register

Cheating MBA Rankings

Just how important are all those MBA rankings? 1025_JONES_RANKING-b-310x222-2

 

Business school applicants are constantly bombarded with the latest MBA rankings from Business Week, USA News & World Report, Financial Times, Forbes, and more.

Our “Rankings Rule” for business school applicants has always been this: rankings are a great place to start your research, but a terrible place to base your final decision.

After all, how do we know that business school’s aren’t lying about their programs to boost the value of the degrees? Turns out, some business school’s have tried to cheat the rankings. Bloomberg Business Week recently reported:

How could a small business school at the University of Missouri-Kansas City beat Harvard, Stanford, and MIT in a ranking of entrepreneurship? By cheating, suggests a report in the Kansas City Star newspaper, which accused the university of meddling with an independent study that ranked its Henry W. Bloch School of Management first in innovation management. Missouri Governor Jay Nixon called for an inquiry into the university’s rankings on Thursday.

In a letter to the University of Missouri Board of Curators, Governor Nixon said the article “raises serious questions about the integrity of the scholarship and strategies that have been employed to raise the profile of the institution.”

Read more about the importance of MBA Rankings here: http://mbapodcaster.com/2012/03/15/mba-rankings/

Canceling your GMAT Score

cancelThe GMAC recently announced that right after completing the GMAT, test-takers now have the option to cancel their score once they have previewed them. These are unofficial scores, that include your Integrated Reasoning, Quantitative, Verbal, and Total, and you will be given 2 minutes to decide whether you would like to cancel or accept your scores. Sounds daunting, but if you are prepared ahead of time, this should not be a difficult decision:

1. Avoid making a tough call by thoroughly preparing for the exam: if you study hard and do well, accepting your scores will be easy

2. First-time GMAT takers can afford a lower score: if it’s your first time taking the exam, don’t automatically consider a lower score as one you need to cancel– admissions committees love improvement from the 1st to the 2nd score!

3. Set a base-line score: make your life easy by making the call before you even take the test, and be prepared to hit “accept” if you score is anything above what you set as a personal base-line score (even if you’re not thrilled with it)

Some more facts from GMAC:

  • if you decide to cancel your scores at the test center, you will be able to reinstate them within 60 days of the test date for a $100 fee. After that, scores will not be retrievable.
  • Analytical Writing Assessment scores are unaffected by the change
  • http://www.mba.com/us/the-gmat-exam/gmat-exam-scoring/your-score-report/preview-your-gmat-score.aspx
  • http://www.mba.com/us/the-gmat-exam/gmat-exam-scoring/cancelling-scores/if-you-cancel-scores.aspx

Watch one of our most popular videos, Conquering the GMAT to learn more about how you can be fully prepared for the test! http://mbapodcaster.com/podcast/conquering-the-gmat/

Companies Seek MBA Grads Who Can Code

Steve Jobs was once quoted for saying “everybody in this country should learn how to program a computer… because it teaches you how to think.”1897030

Step aside software engineers, MBA grads are learning to code now too! “We’ve got a lot of MBAs graduating and going off to be high-tech product managers. If you look at that world, there are a bunch of big tech companies that insist that anyone in that role be technical—understand code well enough to read it and write it,” says Thomas Eisenmann, an HBS professor who teaches a course on product management.

Even if coding won’t be the nature of your everyday job, tech companies are seeking managers who know code well enough to work with their technical staff.

Surprisingly, few elite business schools have worked coding classes into the MBA curriculum. Check out Businessweek’s post, “B-Schools Finally Acknowledge: Companies Want MBAs Who Can Code,” to find out how Harvard, Stanford, NYU and other top MBA program view the matter http://www.businessweek.com/articles/2014-07-11/b-schools-finally-acknowledge-companies-want-mbas-who-can-code#r=nav-r-story

Upcoming Business School Webinars and Online Q&A Sessions

Mark your calendars! A few business schools are hosting online info sessions about their MBA programs:

 

JULY 30: Harvard Business School Q&A

Topics: http://www.hbs.edu/mba/admissions/Pages/webinars.aspx

https://hbsadmissions.adobeconnect.com/_a1117064246/qandasession/

 

AUGUST 7: UC Irvine Paul Merage School of Business MBA & EMBA Info Session

https://merageuci.askadmissions.net/Portal/EI/ViewDetails?gid=6235776b0257069cc64fd49fa7da0e3c86f6cf

 

AUGUST 14: Berkelery Haas School of Business Prospective Student Chat

http://mba.haas.berkeley.edu/admissions/chat.html

 

SEPTEMBER 8: Wharton School of Business Application Tips

https://upenngsb.askadmissions.net/Portal/EI/ViewDetails?gid=623577c5cafaa216e2464daed62a01294cd773

 

If at First You Don’t Succeed on the GMAT…

The classic comic W. C. Fields said, “If at first you don’t succeed, try, try again. Then quit. There’s no point being a damn fool about it.” Relatedly, the modern humorist Stephen Wright said, “If at first you don’t succeed, then skydiving definitely isn’t for you.” Obviously, both of these are playful takes on the timeworn platitude: “If at first you don’t succeed, try, try again.” As positive and optimistic as that banality tries to be, it’s hard not to read it with at least an edge of cynicism.

There’s every reason to be discouraged after gearing up for a challenge such as the GMAT and then being slapped down by it. In part, this is a common experience because so many users hold high standards for a good GMAT score. By definition, 90% of the folks who take the GMAT will not get a score in the top 10% percent, and yet a considerably higher slice than 10% of the test-taking population wants to get into that top 10% of the scores. It’s a scenario in which, with mathematic certainty, not everyone will achieve their goal.

Then again, the GMAT is not all that different from the world into which it grants access: the world of the modern business executive. There are always lots of companies that fail and only a few that win big. Of course, your chances of winning big are enhanced if you have the drive to succeed, including what it takes to get back into the game after each failure — even as the platitude above suggests.

What does it take to have the drive to succeed on the GMAT? First of all, you should be realistic about achieving something far beyond average GMAT scores. We folks who write test questions know that some questions, both math and verbal, have the most predictable mistakes: if we set up a question containing such-and-such trap, folks will simply run in swarms into the big butterfly net. The first part of success on the GMAT involves identifying all the common traps: that alone will set you apart from the masses. Relatedly, pouring over problem explanations when you make a mistake is an often-under appreciated aspect of learning. If you get a practice question wrong, it’s not enough to get the gist of the explanation. The mark of a truly exceptional student is: never making the same mistake twice. That’s a lofty standard, but with sufficient and sustained review after each question you get wrong, you can approach this standard.

If you are planning to retake the GMAT after a less-than-stellar performance, your very first question should be: “What am I going to do differently this time to guarantee that I don’t repeat the same result?” A review of the common traps would be helpful for many re-takers. For folks who are secure in their knowledge of the content, moving beyond the content to the logic typical of question design would be helpful. Ideally, you would find some GMAT preparation service with a score guarantee, so that you won’t waste your money duplicating the same low score.

Even if you get many questions wrong in your practice, even if you have already done poorly on a real GMAT, take heart! With determination and practice, using the best GMAT prep materials, you can strengthen your performance and move up in the percentiles. If you can cultivate the skill of getting the most out of your mistakes and setbacks, that will accelerate you toward greater GMAT success. Even if you are pro at learning from failures, though, you still might want to approach skydiving with caution!

This post was written by Mike McGarry, resident GMAT expert at Magoosh. For more advice on taking the GMAT, check out Magoosh’s GMAT blog.

Big Data and MBAs

“Big data is like teenage sex: everyone talks about it, nobody really knows how to do it, everyone thinks everyone else is doing it, so everyone claims they are doing it…” – Dan Ariely

Big data is Big now. A few schools in the USA have started programs in Business Analytics. IBM and HEC Paris are collaborating for the 1st European MBA in Analytics.

Read More about Big Data:

Mining a Seam

Practical Advice to Obtain a Big Data MBA

 

 

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