Accelerated Development Program (ADP)

The Accelerated Development Program is an intensive leadership development experience designed for high-potential leaders preparing for general management positions. Given the current economic uncertainties, general managers today face many new challenges in achieving short and long term results. If you are ready and motivated to join other executives in strengthening your capabilities as a strategic leader, we invite you to apply to our program.


Who Should Apply

The ADP is created for professionals with seven or more years of experience in a managerial role or those preparing to move into a position of greater strategic responsibilities

Sample titles of past participants include:

  • General Manager
  • Vice President
  • Manager or Senior Manager
  • Director or Senior Director

Participants in our program come from a wide range of industries and functions and from small, medium and large sized organizations. We encourage applicants with diverse backgrounds who are motivated to join a rigorous and interactive two-week educational experience.

“Presentation by top faculty-- excellent. Liked the intentional diversity of group, giving it multi-cultural input.”

 

Results You Can Expect

Through targeted leadership assessments, experiential learning activities, focused classroom discussions with world-class faculty, keynote speeches from industry veterans, and sessions with professional executive coaches, ADP participants will learn some of the latest tools to enhance both personal and organizational effectiveness. Attendees can expect to learn:

  • How to use your personal strengths as a leader and specific opportunities for growth and development
  • How to create environments in organizations that engage, motivate, and inspire employees
  • How to build a pipeline of leaders who can effectively assume increasingly greater responsibility
  • How to build high performing teams among managers
  • How to transition effectively from a manager of operations to a strategic and integrative leader
  • How to identify and manage the key drivers of your company’s performance
  • How to make sound business decisions using analytical frameworks grounded in the areas of finance and accounting
  • How national and global economic trends can impact your company’s competitive position

“Really enjoyed the different perspectives on human behavior and how we can each use it to improve ourselves.”

 

Curriculum

The content of the Accelerated Development Program is divided into specific modules that are then integrated through a variety of learning activities. Over the course of two weeks, participants will gain skills and knowledge in the following areas.


Areas of Focus

Leadership and the Characteristics of High Performing General Managers

The program begins with a focus on developing personal leadership, managing others, and leading high performance teams. All leaders face challenges as they transition to higher level positions with expanded scope and accountability. The program's first modules will focus on broadening the focus of participants from technical or functional areas to general management.

Topics include:

  • Feedback on the strengths and weaknesses of participants’ leadership styles and behaviors
  • The critical success factors in transitioning to a general management mindset
  • The common causes of derailment of otherwise high potential executives
  • The importance of remaining authentic to one’s style while adapting to the expectations of others
 

Managing Talent, Coaching, and Leading High Performing Teams

Although general management comprises a complex set of leadership responsibilities, our research, based on an extensive study of multinational companies, suggests that increasingly organizations are emphasizing the importance of talent development. Whether talent development is focused on succession planning or building competent and capable senior team, both activities are critical to the long-term success of a business. In these modules, the program focuses on the process of talent development, from assessing people’s strengths and development needs to coaching for performance improvement, adaptation to changing environmental realities, preparing high-potentials for succession, and, lastly, managing a collaborative and aligned senior team. Senior teams are responsible for making high-stakes decisions. This module explores the role of the leader in creating a context or environment to facilitate senior team decision-making.

Topics include:

  • Understanding how to best evaluate potential and identify employees’ strengths and development needs
  • Utilizing in-house performance management processes to their fullest potential
  • Examining the impact of the leader’s expectations on employees’ motivation, engagement, and performance
  • Effectively coaching employees for improved performance and accelerating the development of high potentials
  • Building high performing collaborative and innovative management teams
  • Effectively diagnosing, anticipating, and managing conflict within teams
  • Building a sense of shared purpose and mutual accountability among team members
  • Supporting innovation in teams
 

Strategy Formulation

This module will familiarize general managers with some of the core principles and concepts in strategic management. This will help participants understand the underlying drivers of success in any business, and develop their skills to create strategies to achieve sustainable competitive advantage and growth in their own business or company. The program will focus on key elements of strategy at both the business and corporate level.  In doing so, the program will build participants’ ability to evaluate, develop, and implement value-creating strategies at each level by using strategy concepts, techniques and frameworks that will be discussed in class.

Topics include:

  • How the competitive environment impacts business performance
  • The different competitive positions that firms can adopt to create an advantage over rivals
  • The tradeoffs that managers should consider in developing their strategy
  • How companies can sustain the competitive advantage they have created
  • The strategic options that companies have to achieve growth beyond their current business
  • The organizational challenges associated with growth
  • The role that strategy execution plays in achieving competitive advantage and growth
  • The key elements of ‘effective’ strategy implementation
  • The tradeoffs between good strategy and good execution and how effective leaders deal with these tradeoffs
 

Financial Accounting

This day-long module focuses on developing an understanding of the significance of information in financial reports. This will help participants learn about the content of various accounting statements and the meaning of key terms and data in these statements. The goal of this overview is to enable general managers to use financial accounting information to make sound business decisions.

Topics include:

  • The regulatory and financial reporting environment
  • The relationships among financial statements such as balance sheets, income statements, and statement of cash flows
  • The significance of accrual accounting concepts and the differences between income, cash flow, assets, and expenses
  • How to calculate and interpret financial ratios
  • How to manage earnings and reporting strategies
 

Corporate Finance and Financial Markets

In this day-long module, ADP participants will learn a set of quantitative tools for making investment decisions under uncertainty. The main focus is on the financial valuation of companies and projects for managerial decision-making. The goal is to create a common language for discussing value creation, financial planning, capital budgeting, and financial performance.

Topics include:

  • The process of financial decision-making
  • Methods for valuing financial assets and understanding profit
  • Frameworks for capital budgeting such as net present value, return on investment, and internal rate of return
  • How to manage the trade-off between risk and return, measure risk, and estimate value of projects or firms with different levels of risk
  • The central role and operations of financial markets
 

Strategic Decision Making

According to research, over 70% of the effectiveness of organizational strategy could be explained by the decision-making processes used by managers. However, strategic decision-making is a skill that is only acquired over time. This module will give participants the tools and frameworks needed to support effective decision-making processes and will demonstrate how to gain collective buy-in to courses of action.

Topics covered include:

  • The key errors that leaders make in strategic decision-making and how understanding these errors can substantially improve the decision process
  • How gain/loss framing of risky choices may affect the decision process, and ultimately outcomes
  • How emotions affect the way you interpret a situation and react to it
  • How to improve the decision process: participants will learn how to maintain a "decision register" to uncover their own decision biases
 

Strategic Alignment and Change Management in a Complex Environment

Business units are constantly faced with the challenge of adapting business processes, management objectives, and employee behaviors to support changing strategic initiatives. In this module, we examine the process of creating alignment between strategic initiatives and employee behavior by focusing on the organization as a system of interrelated elements (strategy, structure, process and people). We also focus on the dynamics of the change management process as it relates to new initiatives and unfreezing deeply entrenched patterns of work.

Topics covered include:

  • How to diagnose needed changes in organizational systems to support new strategic initiatives
  • A model of effective change management and the barriers to change
  • How to diagnose people’s readiness for change
  • Principles of driving strategy execution from a balanced scorecard approach
  • How to conduct an organizational alignment diagnosis to ensure critical changes are institutionalized
  • How to conduct a change stakeholder analysis and develop an influence map
 

“I was expecting to be presented MBA-type information.  The focus on professional development for me personally was an unexpected, yet extremely rewarding surprise.”

 

Learning Methods

The Accelerated Development Program provides a unique bridge between current business research and practical, real world skills. To optimize the learning that each participant gains, the program incorporates a variety of activities, including a series of preparatory assignments, full days of class projects, two weekend sessions, evening events, and one-on-one coaching. Part of our admission standards involves reviewing applicants for evidence of a strong commitment to personal development.

The learning experiences in the ADP are also designed to combine individualized, one-on-one instruction  with collaborative, group learning experiences. These experiences include:

  • Pre-program personal assessments, including a comprehensive 360 degree assessment
  • Pre-program readings on key program topics
  • In-class analyses of real world cases
  • In-class discussions of the latest research and approaches to problem solving
  • In-class group learning activities
  • A simulation on change management
  • Guest visits and lectures from senior executives or other distinguished academics
  • Off-campus leadership events
  • One-on-one coaching and feedback from professional leadership coaches
  • A graduation ceremony that integrates and summarizes key learning outcomes

“Exceeded my expectations, especially with respect to leadership and decision-making processes.”

 

Admission and Terms

Admissions Criteria
Applications are carefully reviewed to ensure the applicant's responsibilities correspond with the objectives of the program. ADP participants are expected to be completely engaged in the experience and free from distractions. With the exception of emergency situations, punctual attendance is expected for the entire duration of the program.

 

Sponsorship
Applicants to the Accelerated Development Program are encouraged to be sponsored by their organizations. The sponsoring executive should be someone who is familiar with the applicant's background and motivations for attending ADP and will play an active role in the applicant's management development.

Language
Strong English language skills are essential in order to comprehend the instructors, and reading materials and to contribute meaningfully to classroom and study group discussions. Proficiency in reading, writing and speaking English is required for a successful educational experience.

Cost
The fee for ADP is $13,500 which covers tuition, class materials, and daily breakfast and lunch. Payment is due within 10 business days of receipt of the acceptance letter. It is expected that applicants have their own health insurance valid in the United States. The university is not responsible for medical expenses incurred by participants during the program.

Cancellation Policy

Attendance at a Rice University Executive Education program requires significant advance preparation. Written notice of cancellation must be received more than 30 days prior to the program start date to be eligible for a full refund less a 6% administrative fee.  At Rice University Executive Education’s discretion, qualified substitutes for confirmed registrations may be accommodated prior to the program start date with written notice and will incur no fee for substitution. Notice given after 30 days prior to the program will not be eligible for a refund.

  

Schedule 

UPCOMING SESSIONS:


ADP: Week 1 -August 24-29, 2014

 

 

Morning

Afternoon

Evening

Sunday

 

Program Introduction

Dinner and Team Building

Monday

Leadership and the Characteristics of High Potential General Managers

360 Degree Feedback and Group Coaching Sessions

Learning Log and Debrief

Tuesday

Leadership Style

Integrating Personality and 360 Feedback

Learning Log and Debrief

Wednesday

Managing Talent and Improving Performance

The Leader as a Coach

Executive Speaker/Group Function

Thursday

Leading High Performance Teams

Strategy Formulation

Learning Log and Debrief/Dinner

Friday

Strategy Formulation

Strategy Formulation and Preparation for Intermodular Activities

 


ADP: Week 2 - October 12-17, 2014


 

Morning

Afternoon

Evening

Sunday

 

Understanding the Current Economic Environment

Welcome Back Reception

Monday

Financial Accounting

Financial Accounting

Learning Log and Debrief/Dinner

Tuesday

Finance

Finance

Executive Speaker

Wednesday

Strategic Decision Making

Strategic Decision Making

Learning Log and Debrief

Thursday

Strategic Alignment and Implementation

Managing Change

Managing Change

Friday

The Leader as an Agent of Influence

Integrating the Individual and Organizational Perspective/Your Leadership Action Plan

 

Faculty

D. Brent Smith, PhD: Associate Dean of Executive Education
Faculty Director for the Accelerated Development Program

Prashant Kale, PhD
: Associate Professor of Strategic Management
ADP Focus: Strategy

Vikas Mittal, PhD
: J. Hughe Liedtke Professor of Marketing
ADP Focus: Marketing and Strategic Decision Making

Karen Nelson, PhD
: Professor of Accounting
ADP Focus: Accounting

Barbara Ostdiek, PhD: Associate Professor of Finance and Statistics
ADP Focus: Finance

James Weston, PhD
: Associate Professor of Finance
ADP Focus: Finance