ACCELERATED DEVELOPMENT PROGRAM
Participants sharpen their enterprise leadership skills, build financial acumen,and gain a deeper understanding of strategy and execution.
Early career success often comes through mastery of a function or domain, and the transition to greater responsibility calls for a more comprehensive, broader perspective that can be difficult to navigate. Volatile markets and fast-paced change require managers who quickly adapt to new expectations and responsibilities, and the Accelerated Development Program is designed to help participants sharpen their enterprise leadership skills, build financial acumen, and gain a deeper understanding of strategy and execution. This exclusive program combines facilitated learning, leadership assessments, action planning, and executive coaching to prepare participants to accelerate their performance. The program consists of two one-week sessions separated by an inter-modular break.
Who Should Attend
Individuals with seven or more years of experience in a managerial role or technical leadership track benefit most from the program. We encourage applicants with diverse backgrounds who are motivated to join a rigorous and interactive two-week educational experience.
D. Brent Smith, Ph.D.: Senior Associate Dean of Executive Education | ADP Focus: Leadership
Prashant Kale, Ph.D.: Associate Professor of Strategic Management | ADP Focus: Strategy
Vikas Mittal, Ph.D.: J. Hughe Liedtke Professor of Marketing | ADP Focus: Marketing and Strategic Decision Making
Karen Nelson, Ph.D.: Harmon Whittington Professor of Accounting | ADP Focus: Accounting
Barbara Ostdiek, Ph.D.: Senior Associate Dean of Degree Programs, Associate Professor of Finance| ADP Focus: Finance
James Weston, Ph.D.: Professor of Finance | ADP Focus: Finance
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 coaching. The learning experiences in the ADP are also designed to combine individualized, one-on-one instruction with collaborative, group learning experiences. These experiences include:
Week 1: Individual Leader to Corporate Strategist
The program begins with a focus on developing personal leadership, the managing of 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 individual focus of participants from technical or functional areas to general management.
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 a 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, including:
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.
This module will familiarize general managers with 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 module 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.
Week 2: Financial Acumen and Driving Execution
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.
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.
Business units constantly face 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.