Business environments are now frequently described as VUCA – volatile, uncertain, complex and ambiguous. The COVID–19 pandemic breaking out and spreading globally in 2020 serves as a case in point. Strategies, business models, tactics and plans set for the year were challenged. In this situation, executives around the world did not suffer from insufficient general knowledge about strategizing, business modelling or planning. This book posits that what practitioners and their organizations needed to survive and thrive is practical wisdom. Executive education institutions play a key role in supporting an executive’s learning. Embarking on exploratory research and journey of discovery, this study addresses the crucial questions of how do build practical wisdom in executive education and how do executive education course participants perceive the process of developing practical wisdom in business schools? The research adopts a constructivist grounded theory design and relies on in-depth interviews as the foundation for an emerging substantive theory. It portrays a three–act process and six concrete steps within them to explain how study participants grew their practical wisdom. The book and the presented research contribute to both the academic body of knowledge on how to learn better as well as how to add more value in executive education. Regarding practice, business school leaders and faculty members benefit from this research by critically comparing their approaches to the proposed model in order to trigger improvements. Finally, the individual program participant can gain a better understanding on how to learn faster and in more directions, which contributes to a better return on investment (ROI) and return on education (ROE). It also prepares the learner more adequately for this VUCA world.

In traditional business circles, wisdom is viewed with a certain scepticism, which is in part due to its historical associations with wisdom traditions and spiritual cultures. However, in business today, wisdom is emerging not only as a viable but also a necessary organizational and management practice. In particular, practical wisdom is being updated and retranslated for today’s issues and concerns in organizations. In recent years, leadership and organizational studies have initiated important changes in the way in which business-as-usual is conducted. In response to the increasingly complex and uncertain conditions of our international business environment, a growing community of ‘scholar-practitioners’ are pushing the boundaries of traditional organizational and leadership thinking and acting, making inroads into processes and applications of practical wisdom and ways of wise leading and managing. Given the unprecedented levels of challenges, dynamics and uncertainties that today’s organizations are exposed to, there is a need for a more integrative and sustainable approach to managing. Following the need for a reconsideration and revival of the meaning of wisdom, the editors explore vitalizing possibilities for the learning of wise practices in organizing and leading. This expansive range of domains where wisdom is currently being explored suggests a promising number of perspectives and possibilities for future inquiries and explorations into the nexus of wisdom and organization, leadership/management education and learning that benefits from cross-disciplinary synergies. This book will be of interest to those seeking to understand the growing significance of wisdom in relation to learning and teaching, especially in business and management education.

Are business schools on the wrong track? For many years, business schools enjoyed rising enrollments, positive media attention, and growing prestige in the business world. However, due to the disruption of Covid-19, many previously ignored issues relating to MBA programs resurfaced. As a result, MBA programs now face lower enrollments and intense criticism for being deficient in preparing future business leaders and ignoring essential topics like ethics, sustainability, and diversity and inclusion. The Future of Business Schools discusses these issues in the context of three critical areas: complexity, sustainability, and destiny

The progressive convergence of global economic and social structures calls for a rethinking of management practices as they relate to cultural diversity and moral values. A key element for coping with this transformational phenomenon is the Aristotelian concept of Practical Wisdom, which helps us to do the right thing, in the right way, at the right time and for the right reasons. Expert academics and practitioners share their insights into contemporary theories and conventions for ethical decision-making in diverse cultural contexts. About the Editors Martina Stangel-Meseke – professor of business psychology. Christine Boven – professor of intercultural management. Gershon Braun - lecturer of business ethics. André Habisch – professor of economics. Nicolai Scherle – professor of intercultural management and diversity. Frank Ihlenburg – managing partner of a change management consultancy.

Advice for new teacher excellence, including guidance on classroom management.

This up-to-date reference work explores theories, methods and practices of social work management education in higher education. It includes contributions from more than 30 scholars and researchers in the field of social work management education from more than 10 countries and 4 continents. The work is unique as it overcomes current barriers between the different sub-disciplines of social work didactics and management education, and takes into consideration the development of a discipline-specific Scholarship of Teaching and Learning (SoTL). The integrated and transdisciplinary approach to social work management education presented in this edited volume is of paramount importance to international scholars, teachers, practitioners, students and all other audiences interested in the field of education. The work provides an overview of the theoretical principles on how social work management can be taught and learned, and analyzes curricula, pedagogical approaches, actors, and socio-economic and institutional contexts of social work management at higher education institutions

Practical Wisdom in Management is the first in-depth case-study book to explore how practical wisdom from spiritual and philosophical traditions inspires corporate culture and leadership. The outcome of the Practical Wisdom Initiative, between The Academy of Business in Society (ABIS) and Yale University Center for Faith and Culture, it seeks to construct a bridge between the worlds of management and the spiritual and philosophical traditions. Covering ten major worldwide religions, Theodore Malloch provides an overview of the practical wisdom of the major faith traditions for management. It includes case studies of over twenty multinational corporations focusing on their values, spiritual inspiration and business strategy. It features case studies on corporations including: Ascension Health; Michelin; DANONE Group, Walmart; TOMS; Marriott; HSBC; Four Seasons; Guangzhou Eversunny Trading and Toyota. It is essential reading for business leaders, researchers and students of business ethics and spirituality courses and includes full teaching guidance.

Business education and executive development has been one of the most fascinating industries in the world and the fastest growing segment of higher education over the past decades. Today, it is experiencing change on a scale unprecedented since the foundation of the first business schools in the early 20th Century, both due to changes in the corporate environment and also due to the impact of the COVID-19 pandemic across all industries. In this context how do you create world-class educational and training institutions that can cope with those challenges, and be rigorous, vocationally relevant and suited to the corporate growing needs in this new fluid world? And how do you combine the very best of traditional academic values with new learning technologies to create an educational model that is fit to compete in the global economy, threatened today by populism, nationalism and economic turmoil? Yet, as daunting as it is, some institutions have already made significant progress in the journey. In this book Santiago Iñiguez de Onzoño, President of IE University, and Peter Lorange, former President of IMD, bring together contributions from leading figures from some of the world’s major universities. They share their experiences in addressing some of the challenges that the industry faces today, such as diversity and inclusion, employability, the role of AI and the advent of innovative new platforms. Packed with case studies of successful initiatives in business education and executive training, this is a truly visionary book. Authors anticipate future trends and share their in-depth knowledge of what it takes to build world-class educational providers – and their vision of higher education in the future.

The current financial and on-going ecological crises have taught us that without practical wisdom, business, organisations and leadership cannot be sustainable. In response to this situation, the Handbook of Practical Wisdom presents a critically informed understanding of wise practices, contributing to more integrative organizational and leadership studies and practice. The focus on integration emphasises the interdependencies of practical wisdom in relation to members, groups and cultures of organisations in their socio-cultural spheres. Wisdom has long slipped from the scholarly map, and so this handbook provides revived and new mappings for today and the future. Seeking to actualize creative potentials of practical wisdom, this book and series aspires to contribute to the contemporary odysseys and quests for orientation in organisation and management research and practice. Wisdom research, as presented in this book, provides bridges to underestimated, neglected or forgotten knowledge and offers transformative passages between Scylla - the rocks of dogmatic modernity - and Charybdis - the whirlpool of dispersed post-modernity. Practical wisdom allows for a better equipped and more experiential and reflexive journey and fosters the art of mindful travelling, beyond a reactive, moralizing sentimentalism. Accordingly, this handbook serves as a medium for reassessing and rearticulating more responsible ways of ’praxis’ in the field of organization and management. In this spirit, each chapter opens a space for dialogue and debate, inviting further inquiries, conversations and explorations by and among its readers: students, academics and practitioners.

Back Jacket ";How refreshing IMD makes the case for change. The focus? Executive learning, not academic theory. This book: bull; bull;Challenges the historic approach to executive education bull;Accepts the significance of emotion bull;Redefines our idea of a 'good educator' Executive education has a role in building good leaders; educators need to embrace their own leadership responsibility. If you're an educator, take up the challenge use this book!"; Gary Steel, Executive Vice President, Human Resources, ABB Asea Brown Boveri Ltd "A great contribution. Illustrates how to deliver executive education that creates value. Pragmatic, with interesting new insights from all of the relevant dimensions. If you're in executive and leadership development, this book is required reading."; Matti Alahuhta, President, KONE Corporation and Chairman, IMD "This book shows us why IMD continues to be a global leader in executive education. Practical insights into the executive learning experience offer an invaluable resource for organizations that are serious about leadership development." Dorothy Berry, Vice-President, Human Resources and Administration, IFC "At last, instead of the common complaints about what is wrong with business education, this book takes the lead in showing how to deliver executive learning that will stick. Crammed with accessible ideas and practical examples of how to deliver successful executive learning, this book is a must for all those responsible for management development, inside and outside of corporations." A. Daniel Meiland, Executive Chairman, Egon Zehnder International "Integrating intellectual and emotional awareness with action-based application is state-of-the-art in executive education convincingly presented by this IMD Guide." Peter F. Weibel, Member of the Board of Directors of Credit Suisse Group You pay for executive education. But does it produce results? Does it stick? How do you identify executive education that really can deliver high impact? In executive education it is time for a change. Mastering Executive Education shows you how to take action to deliver it. Welcome to the state-of-the-art in executive education from IMD: Mastering Executive Education. At the center, learning scripts, IMD's high-impact learning approach for experienced executives. Learning from the thousands of executives who attEND its programs every year, IMD has identified the critical drivers of great learning experiences. Starting with recent research into how our brains learn, IMD helps executives master their real world challenges and build corporate value by mastering both the emotional and rational dimensions of management.