New-age leaders must understand the complexity of the technologies and their effects on businesses
As we enter Industry 4.0, the biggest challenge is the creation of workforce skilled in new-age technologies such as AI, ML, Blockchain and IoT. There is equal focus on upskilling working professionals as is on skilling fresh graduates. To produce strategic leaders who can succeed in this technology-driven era, the management education also needs to be in sync with the changing businesses, says Katy Montgomery, associate dean, INSEAD degree programmes.
“INSEAD has kept its MBA curriculum relevant to the business landscape. In the last 18 months, we have introduced several new electives keeping abreast with global trends. These new electives include Bank Management and FinTech, Artificial Intelligence (AI) Strategy for Startups and C-Suites, AI Strategy for Startups and C-Suites, Brain-based Customer Centricity: Understanding and Leveraging Neuroscience to Make Better Business Decisions, as well as courses on blockchain,” says Montgomery.
There is a focus on introducing modules around business impact on society to develop responsible leaders. “Some of these classes include Impact Investing, Responsible Finance, SDG Bootcamp, Income Inequality & the Future of Business, and Ethical Decision Making in Business,” she says.
Well-rounded employees
Companies are today looking for well-rounded individuals who have strong analytical, quantitative and problem solving skills along with soft skills. Multicultural classrooms are one of the best places to acquire effective communication skills and learn different perspectives, says Montgomery.
“For the class of 2019, we have 90 nationalities from around the world. With three fully-integrated campuses in Europe, Asia and the Middle East, the business school does not have a dominant national culture,” she says.
The Personal Leadership Development Programme (PLDP) runs alongside the MBA programme to provide students with a new standard of excellence in personal and interpersonal awareness, as well as communication.
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Programme offerings
There are several programme offerings for mid and senior-level executive at INSEAD that is ranked amongst the top B-schools by the Financial Times.
“The school’s signature MBA programme is an intensive one-year programme known for its academic rigour while the Global Executive MBA (GEMBA) programme offers experienced executives an intensive 14 to 17-month fast-track to the top,” says Montgomery.
The Tsinghua-INSEAD EMBA (TIEMBA) programme in partnership with China’s Tsinghua University takes place across INSEAD’s three campuses in Singapore, Abu Dhabi and Fontainebleau (France), and Tsinghua’s campus in Beijing.
“It is the best of East and West, learning and working, technical knowledge and soft skills – in a single programme,” she adds.
INSEAD has also recently launched its Master in Management programme, a 10-month full-time programme for pre-experienced. The programme’s inaugural class will start in August 2020 and is an ideal launchpad for young graduates who are preparing for a global career, says Montgomery.
Focus on India
Satya Nadella, Sundar Pichai, Shantanu Narayan, Ajay Banga are shining examples of Indian nationals leading some of the largest companies in the world. Indians are often counted among the smartest people in the world.
“We see a huge potential of future leaders coming from India and want to be a part of this growth story. We engage candidates by inviting them for campus visits, one-to-one consultations and masterclasses by faculty members,” says Montgomery.
Courtesy: TOI
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