DeansTalk - business management education

Financial Times - MBA Gym

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Audio: Deans’ Roundtable, London July 10th, Second Extract

Financial Times, Second Extract (plus First), Read transcript here.

Listen to the audio here (to save, right-click and select “Save Target As...”)

In the second extract, the discussion turned to the advantages and disadvantages of working in both a stand-alone and a university-based business school.

Participating are:

Edward Snyder, dean of the Chicago Graduate School of Business
Robert Joss, dean of the Stanford Graduate School of Business
Glenn Hubbard, dean of Columbia Graduate School of Business
Colin Mayer, dean of the Saïd Business School at the University of Oxford
Arnoud De Meyer, director of the Judge Business School at the University of Cambridge
Frank Brown, dean of Insead
Jordi Canals, dean of Iese Business School
Peter Lorange, President of IMD

Pretzels with the FT: Jeffrey R. Immelt

Pretzels with the FT: Jeffrey R. Immelt, June 29 2007

...He points out that the spotlight on today’s generation of CEOs is a relatively new phenomenon: “It’s not like any of us really trained ourselves for it.” Indeed, as recently as 2004, Immelt recalls, “people would say, ’Hey, if you just hit your numbers you can tell everybody else to shut up.’” Immelt believes hitting the numbers is “still what counts” - “if I’m not doing those things, look, I deserve to get fired”. But he also thinks that nowadays bosses “really have to have a sense of the broader impact on things”...

Nurturing the tradition of perpetual giving in European higher education.

David J. Celone (the director of annual giving and alumni services at the Tuck School of Business at Dartmouth).

People from countries all over the world wonder why higher education organizations, indeed many not-for-profit organizations, in the United States have such remarkable perpetual and renewable sources of funding from their alumni and membership.

I like to take a slightly more Euro-centric view of these annual giving programs so common among American not-for-profits, instead calling them “perpetual giving programmes.”

As a result of tax laws that favor philanthropy in the United States, Americans receive tax benefits when they give to any organization that is recognized by the Internal Revenue Service as a 501(c)3 not-for-profit organization. That is to say, any organization that has applied for and received the IRS non-profit status of 501(c)3, a reference to the U.S. Internal Revenue Code section that recognizes organizations that do charitable work, may accept gifts from donors and receipt them. Donors receive a federal income tax deduction for their charitable giving. In addition, there are other tax-wise giving vehicles that encourage philanthropy such as tax deductions for charitable gifts of stock held for more than one year allowing the donor to take a tax deduction for the full fair market value of the stock donated while foregoing any capital gains taxes otherwise required to be paid if the stock was sold on the open market. Gifts of stock, in a way, provide donors of appreciated stock with a double tax benefit when compared to a straight charitable gift of cash.

It would appear that European charities could not possibly compete with their U.S counterparts for charitable gifts as a result of the favorable tax laws that exist in the U.S. However, I would like to offer an opinion that would suggest exactly the contrary.

As it turns out, tax laws do provide a strong incentive for Americans to make charitable gifts of cash and stock. There are also other types of giving vehicles in the estate planning realm that offer attractive tax advantages, but I will leave that discussion for a future article. Suffice it to say, that while there are these tax incentives available to Americans, there is a strong argument in favor of charitable giving by Europeans even without tax-based incentives.

Giving to higher education in the U.S., particularly among the Ivy League schools (Brown, Columbia, Cornell, Harvard, Dartmouth, Harvard, Princeton, University of Pennsylvania, and Yale) is akin to a religion among many alumni....

Business Book of the Year 2007- Competition deadline

(Deadline 5pm on 29th June 2007). Entry Form (352 KB)

The Financial Times and Goldman Sachs launched the 2007 Business Book of the Year Award. The prize - worth £30,000 to the winner - aims to identify the book that provides ”the most compelling and enjoyable insight into modern business issues, including management, finance and economics”.

A shortlist of up to six titles will be announced in September, and the winner will be revealed at a gala dinner in London on October 25. Last year’s winner was James Kynge, author of China Shakes the World, while the inaugural award in 2005 went to Tom Friedman for The World is Flat.

FT Executive education rankings 2007 out today

Executive education rankings 2007 - Top 50 Open programmes (open enrolment)

Executive education Report 2007

MBAUniverse Interview with Della Bradshaw

BAUniverse Interviews with Della Bradshaw, Business Education Editor, Financial Times on the recently released Global MBA 2007 Report. MBAUniverse.com asked Ms Bradshaw on why no Indian B-school features in the Report.

MBAUniverse.com: No Indian B-School is featured in the survey. What can be the reason for this exclusion?

Della Bradshaw: We treat the MBA degree as a post experience degree, as it is in the US, Europe and China. We measure salary increases from before to after the MBA as part of our ranking.

In India the MBA is almost exclusively a pre-experience degree - attended by people who have recently completed their undergraduate program.
Therefore we cannot include them in the rankings. The exception to this would be ISB.

MU: Did ISB feature in your preliminary tabulations at all for the current round? How do you see its chances in near future?

DB: No, ISB was never asked to participate in our rankings.  I can't comment on the second part of the question.

MU: IIMs have started a new post-experience programme PGPX. This was pioneered by IIM A a few years back. Would these programmes theoretically make the cut in your criteria in near future.

DB: I am unaware of this programme.

MU: China is making some progress. What is FT's view of management education in China and Singapore and rest of Asia. Only 5-6 schools from Asia Pacific region are featured in the survey...

DB: Yes, we would expect to see several more Chinese schools enter the rankings next year. At the moment most Chinese business schools see themselves as local Chinese schools. Only when they are ready to compete on the global stage will they apply to participate in the FT rankings. As I say – expect this very soon.

MU: You have commented about Chinese B-School: "Only when they are ready to compete on the global stage will they apply to participate in the FT rankings.." What do you mean by saying "Apply". Is there a formal process of application to FT Rankings. Kindly clarify.

DB: Yes, the schools have to meet minimum student numbers and programme length

Inside woman gets top job at Duke

Excerpt from an article of The Financial Times, April 13, 2007.

It has been announced that Kim Taylor-Thompson is to succeed Blair Sheppard as chief executive of Duke Corporate Education, the custom management education arm of Duke University’s Fuqua School of Business in North Carolina.

Ms Taylor-Thompson has worked as a law professor at NYU and is currently a regional managing director at Duke CE. She will take up her new role on July 1st. Prof Sheppard, on the other hand, is moving on to become dean of the Fuqua School.