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PRESS RELEASE
| MBA program to continue action learning and leadership emphasis for new class | |
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| Location - Date | Lausanne, Switzerland - January 20, 2010 |
| Text | The IMD MBA, ranked number two worldwide by The Economist and by the Wall Street Journal in 2009, will continue to enhance its action learning and leadership emphasis for the 2010 class which began earlier this month. The IMD MBA’s action learning components make up 32 percent of the total class hours. It comes across through the following: 1. Discovery Expedition to South Africa: The trip allows participants to work directly with small and medium-sized enterprises to improve current business processes, provide know-how to the management team, examine enterprise financing and transfer best practices in marketing, human resources, operations, etc. Learn more. 2. International Consulting Projects: MBA teams, with Faculty support, work with the top management of international companies on strategic business issues. Companies pay a fee for their projects and are often repeat customers, highlighting its value. The companies may also pay project bonuses, which contribute to the IMD MBA Alumni scholarship fund, and they frequently make job offers to the MBAs as a result of their collaboration. 3. Entrepreneurship Projects: Participants assist a real start-up company in developing a business plan or key business plan components. As a result, the MBAs live the start-up /growth experience up close, manage an unstructured project with loose objectives and have a reality test for building block content. Learn more about the 2010 start-up competition winners that will work with this year’s MBA class. MBAs can also take part in action learning through electives. New in 2010 is the Individual Project, where participants will take on a significant piece of individual work (business plan, social entrepreneurship project, etc). In 2009 the program featured an elective in which the class went to Bangladesh to discover innovation insights in a developing country. Learn more. Finally, the MBAs will again participate in IMD’s Orchestrating Winning Performance program where they will learn side by side with executives and work with company teams to create innovative ideas for specific challenges facing them. Additional action learning innovations are in the planning stages and will be integrated into the program as soon as they are ready. “The world needs more business leaders who create sustainable positive impact,” stated Professor Martha Maznevski, MBA Program Director. “Therefore, real-life experiences that build appreciation for context, impact and community in a complex environment are essential in an MBA curriculum. This explains the action learning emphasis across a number of different areas in the IMD MBA.” The second core pillar of the IMD MBA is leadership, which includes three key levels of development: personal development; teamwork through five different multicultural teams throughout the year supported by professional coaching and psychoanalysts; and through coursework on leading people in organizations. Professor Maznevski stated: “This highly experiential stream makes the participants themselves the cases. Individuals can only lead others to great things if they have a deep understanding of themselves and how to interact with others.” The IMD MBA class of 90 is represented by 42 nationalities. The class features an unusual mix of profiles, including diplomacy, doctors and lawyers. Their age range is between 26 – 36 and almost 25 percent of the class are women. Follow the MBA class blog and learn more about the IMD MBA. |
| About | IMD is a leading global business school based in Switzerland. For over 60 years IMD has worked with leading global companies to develop and retain management talent. IMD is the “global meeting place”: the most international of business schools worldwide. IMD offers learning based on innovative and highly relevant research. Learning that can be applied to business challenges - immediately. This is IMD's "Real World. Real Learning." approach. (www.imd.ch). IMD is ranked first in executive education outside the US and second worldwide (Financial Times, 2009). IMD’s MBA is ranked number two worldwide (The Economist, 2009). |
| Contact | IMD Media Relations Contacts: Kevin Anselmo
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