TimesPro’s Post

About to graduate with a major in Statistics, GGI introduced me to a new horizon of thinking and helped me develop a sense of many new concepts. Having connected with some amazingly helpful people, I completed the Impact MBA Scholar program at Global Governance Initiative, which allowed me to put my learnings to use. The star of the program for me was Startup Weekend. It actually showcased many other aspects of team building and putting the concepts in use. My key takeaways from the program would be: + Connecting the dots and applying learnings is a skill honed over time. + Relying solely on instinct or data can be limiting; combining them leads to stronger calls. + Engaging in thoughtful discussions with diverse viewpoints can be a powerful tool for staying informed. + Businesses are not merely for profits but are a tool to make a positive impact. A huge thanks to Shatakshi and Naman for constantly making a difference in people's lives. GGI now seems to be the missing piece of the puzzle that has finally clicked into place :))

𝐌𝐁𝐀𝐬 𝐀𝐑𝐄 𝐌𝐎𝐑𝐄 𝐒𝐄𝐋𝐅-𝐒𝐄𝐑𝐕𝐈𝐍𝐆 𝐓𝐇𝐀𝐍 𝐎𝐓𝐇𝐄𝐑 𝐂𝐄𝐎𝐬 Many MBA programs emphasize bottom-line performance, financial and accounting measures and levers, stock prices, competition, and personal economic success. They place less emphasis on creative and scientific skills, intrinsic job satisfaction, social contribution, and the ethical treatment of stakeholders. On the other hand, it might be not the curricula but self-selection that explains our findings. Perhaps people with self-serving proclivities are more inclined to go into business programs than, say, the arts or sciences. 𝐖𝐡𝐚𝐭 𝐜𝐚𝐦𝐞 𝐟𝐢𝐫𝐬𝐭? 𝐓𝐡𝐞 𝐬𝐞𝐥𝐟-𝐬𝐞𝐫𝐯𝐢𝐧𝐠 𝐚𝐭𝐭𝐢𝐭𝐮𝐝𝐞 𝐨𝐫 𝐭𝐡𝐞 𝐛𝐫𝐚𝐢𝐧-𝐭𝐫𝐚𝐢𝐧𝐢𝐧𝐠 𝐨𝐟 𝐭𝐡𝐞 𝐌𝐁𝐀 𝐩𝐫𝐨𝐠𝐫𝐚𝐦? 

[Class post #7] As some of you know, I’m currently pursuing my Executive MBA at Texas McCombs School of Business. Over the summer, I’ll be sharing a brief weekly* post about each course I’ve completed towards my MBA and the major lessons learned. Please feel free to reach out if a topic intrigues you and you’d like to learn more! Professor Tom Rauzi introduced our class to using data science in order to analyze our workforce. Most people are familiar with the annual “employee engagement survey”, but for many it’s unclear exactly what is being done to analyze the resulting data. Over the course of the semester, we examined sample data sets in Jamovi, performing t-tests, Anovas, regressions, and various other forms of statistical analysis. I found it particularly fascinating to see insights emerge that would otherwise have remained hidden by simply reviewing the data. For instance, in one study we examined the benefits of rolling out a new performance management system. While at first glance it appeared the results were almost universally positive, a closer examination revealed strong negative impacts on the organization’s top performers. This spurred a lively and fascinating debate among classmates about how to interpret and utilize this finding. These sorts of discussions became a regular feature of our class - it was truly eye-opening to benefit from the deep experience of so many executive-level colleagues across a huge array of industries. In many ways, this class helped emphasize the magic that comes from putting an eminent and distinguished professor in a room with 60+ executives from every industry and function for 4 hours at a time. The depth of thought and discourse that occurs is, I think, largely unparalleled. Next week: a few thoughts on the EMBA program, format, class size, and study groups! *Note: due to a loss in the family, I took a brief hiatus from posting these over the past few weeks.

Why is it important for #CEOs to think about purpose?   According to R. Edward Freeman, the father of stakeholder capitalism, and a professor at the University of Virginia Darden School of Business, the answer is multi-faceted:   - 𝗔 𝘀𝗲𝗻𝘀𝗲 𝗼𝗳 𝗽𝘂𝗿𝗽𝗼𝘀𝗲 𝗵𝗲𝗹𝗽𝘀 𝗮 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝘂𝗻𝗱𝗲𝗿𝘀𝘁𝗮𝗻𝗱 𝘄𝗵𝗲𝗿𝗲 𝗶𝘁 𝗰𝗮𝗻 𝗵𝗮𝘃𝗲 𝗮𝗻 𝗶𝗺𝗽𝗮𝗰𝘁. Understanding the core of why a business was founded and does what it does will help its leaders understand which big issues, from climate change to inequality, resonate the most and allow the company to make the largest impact. - 𝗔 𝘀𝗲𝗻𝘀𝗲 𝗼𝗳 𝗽𝘂𝗿𝗽𝗼𝘀𝗲 𝗵𝗲𝗹𝗽𝘀 𝘄𝗶𝘁𝗵 𝘂𝗻𝗱𝗲𝗿𝘀𝘁𝗮𝗻𝗱𝗶𝗻𝗴 𝗮𝗻𝗱 𝗿𝗲𝘀𝗽𝗼𝗻𝗱𝗶𝗻𝗴 𝘁𝗼 𝗰𝗿𝗶𝘁𝗶𝗰𝘀. “Behind your critics are opportunities for value creation,” says Freeman. Friction often leads to innovation, and purpose will help guide that innovation to productive outcomes. - 𝗔 𝘀𝗲𝗻𝘀𝗲 𝗼𝗳 𝗽𝘂𝗿𝗽𝗼𝘀𝗲 𝘆𝗶𝗲𝗹𝗱𝘀 𝘀𝘂𝗰𝗰𝗲𝘀𝘀. A company that understands integrating purpose-aligned #stakeholder voices into its business model will yield more value for itself and society. “The amount of money you can make is a function of how you deal with those other stakeholders,” asserts Freeman.   Meet Ed Freeman on the BiGS Fix: https://lnkd.in/dP-GgVXW Watch the full interview: https://lnkd.in/dSSZqbae   For more on BiGS Fix stories on #purpose of the firm and new models of #capitalism, visit: https://lnkd.in/ec_hzjxH   #Shareholders #Business #ESG #BusinessLeadership #ClimateChange #AI #Inequality #BusinessSchool #MBA #Education #HigerEd #Ethics #BusinessEthics #stakeholdercapitalism Harvard Business School University of Virginia #EdFreeman

The Future of Jobs Report 2023 (World Economic Forum) highlights a rapidly evolving workforce. Here's why it matters and how eCornell can help: Key insights: • 23% of jobs expected to change in the next five years • 44% of workers' skills will likely be disrupted by 2027 • 60% of workers will need training before 2027 • Analytical and creative thinking are top skills in demand Fastest-growing roles include: 1. AI and Machine Learning Specialists 2. Sustainability Specialists 3. Business Intelligence Analysts eCornell's expert-led online programs address these challenges and prepare professionals for the fastest-growing roles: 1. Cutting-edge curriculum: Aligned with emerging trends in AI, data science, and sustainability 2. Flexibility fits your life: Learn on your schedule without stepping out of your job 3. Industry relevance: Developed by Cornell faculty and experts to meet evolving job market demands 4. Practical skills: Hands-on projects to build analytical and creative thinking abilities eCornell's diverse offerings include: • Generative AI For Productivity | Designing And Building AI Solutions • AI For Digital Transformation | AI Strategy • Applied Machine Learning And AI | Machine Learning • Sustainable Business | Corporate Sustainability • Data Science Essentials | Data Science • Data Analytics | Data Visualization In Tableau • Business Analytics | Marketing Analytics • Business Strategy | Innovation Strategy • Critical Thinking | Systems Thinking | Complex Decision-Making • Digital Leadership | Technology Leadership | Engineering Leadership These programs equip you with the skills to thrive in an evolving job market, whether starting your career or seeking to advance. Invest in your future. Explore eCornell's targeted, industry-relevant programs and position yourself for success in tomorrow's workplace. Learn more: https://lnkd.in/d9qzGxu Source: https://lnkd.in/gpZef3jC #FutureOfWork #eCornell #ProfessionalDevelopment #UpskillYourself #AI #GenAI #DigitalTransformation #MachineLearning #Sustainability #DataScience #Analytics #DataAnalytics #BigData #Strategy #Innovation #Leadership #LeadershipDevelopment #Technology #careerdevelopment #professionaldevelopment #personaldevelopment

🔏#Academia on the Boardroom Stage: A Shift in #Businessperspective For decades, corporate forums were the exclusive domain of seasoned executives, discussing strategies, market trends, and financial projections. However, a notable shift has occurred, with academics increasingly taking center stage in these business discussions. 🕹️Blurring the Lines The traditional distinction between the ivory tower and the corporate world is becoming increasingly blurred. Academics, with their deep-rooted research and theoretical knowledge, are now being sought after to provide fresh perspectives, innovative solutions, and critical analysis. ⭕️Why the Shift? 🚦Data-Driven Decision Making:The modern business landscape is driven by data. Academics, trained in rigorous research methodologies, can provide valuable insights derived from data analysis. 🚦Long-Term Vision:While corporate leaders often focus on quarterly results, academics offer a longer-term perspective, considering societal, environmental, and ethical implications. 🚦Innovative Thinking:Academics are often at the forefront of groundbreaking research, fostering innovation and challenging conventional wisdom. 🚦Global Perspective:With their international networks and exposure to diverse cultures, academics bring a global mindset to business discussions. 🎞️A New Era of Business This increasing involvement of academics in corporate forums signals a new era of business. It's a recognition that a holistic approach, combining practical experience with theoretical knowledge, is crucial for sustainable success. By embracing the insights of academics, businesses can navigate complex challenges, anticipate future trends, and make informed decisions that benefit both the organization and society as a whole. 🍃What do you think about this shift? Are academics bringing a valuable perspective to the business world? Let's discuss! #academia #businessinnovation #futureofbusiness #thoughtleadership

Did you know MBA rankings affect more than just numbers and could lead you to make uninformed decisions? Dr Chris Moos's PhD thesis explored how rankings influence entire fields, revealing how cognitive and strategic processes shape outcomes on a larger scale. Traditionally, we thought rankings directly drive organizational changes. However, concepts like ranking templates show us rankings impact how organizations behave and how fields are structured. Organizations use ranking strategies to close the gap between their actual and desired performance, shaping competition within their fields. Studying data from the Financial Times Global MBA rankings and business schools, Professor Moos discovered a complicated web of interactions among competitors, performance measures, and peer groups, deepening our understanding of how rankings impact organizations and fields in a variety of ways. Yet, thinking about the main purpose of those rankings -to attract the best students-, I would add that climbing rankings doesn't necessarily mean the university will be a better fit for you. Finding criteria that is important for you, will help you make a better, more informed decision. As University of Oxford Professors Christopher Hood, Ruth Dixon, and Deborah Wilson (2009) said, there are challenges when we use rankings: 1. Indeterminacy: Statistical confidence intervals often make it hard to distinguish performance differences accurately. Those confidence interval can overlap and the difference between 99.980 and 99.979 is irrelevant when we compare with the consequences of ending up first or second. 2. Volatility: Combining subjective weights of indicators can lead to inconsistent results over time. Just look at all the criteria in the image below. There are strong correlations among them and most importantly are they all important for you? Personally, I see several criteria missing there, even if, objectively, we could say the FT ranking is one of the most respected rankings out there. 3. Output distortions: High stakes in rankings create incentives for gaming and cheating, and you just need one single employee messing up in this field to affect the university's reputation. So, rankings affect organizational morale and the architecture or design of the field of study. However, using rankings to measure organizational success is extremely complex. Therefore, careful consideration is needed when interpreting their impact, especially when you are using them to decide on the dreamed program of your choice. #OrganizationalRankings #FieldDynamics #RankingImpact #BusinessInsights #StrategicPerformance #InnovationInResearch

Here is a succinct summary of #stakeholder capitalism by R. Edward Freeman, the first to define it for what it means for business and community. Many leading businesses understand and follow this path, while too many are far behind in integrating those practices into their strategic management practices. Thanks Professor Freeman.

https://lnkd.in/dRcUjEnw masters in business and management Title: Mastering Success: An In-Depth Exploration of Masters in Business and Management Programs Embarking on a Master's in Business and Management is a transformative journey that equips individuals with advanced knowledge and skills to navigate the complexities of the corporate world. This comprehensive article explores the significance of pursuing a master's degree in business and management, delving into key program components, potential career paths, and the evolving landscape of advanced business education. I. The Essence of a Master's in Business and Management Defining the Program: A Master's in Business and Management is a postgraduate-level program designed to provide individuals with advanced insights into business theory, strategy, and leadership. These programs often go beyond the foundational knowledge acquired at the undergraduate level, offering a more specialized and in-depth understanding of various business disciplines. Program Variations: Master's programs in business and management are diverse, catering to a range of specializations. Students can pursue Master of Business Administration (MBA) degrees, Master of Management (MM), or specialized Master's degrees in areas such as finance, marketing, human resources, and entrepreneurship.

"Delving into the depths of data, I've emerged enlightened and empowered after completing the Quantitative Methods online course offered by Harvard Business Publishing. This journey has honed my analytical skills, enabling me to dissect complex datasets and extract meaningful insights with precision. The course has been a catalyst in my professional growth, equipping me with the tools to not only enhance decision-making processes but also to contribute significantly to evidence-based strategies. I'm excited to apply this knowledge to real-world challenges and drive impactful results. Here's to continuous learning and the pursuit of excellence! #LifelongLearning #QuantitativeMethods #HarvardBusinessPublishing #DataDrivenDecisions #Management #Masterofbusiness #ProfessionalGrowth" Vivekananda Global University