Elon Musk. A Leader in Motion. Are Bosses Becoming Extinct? Hierarchy within the workplace. 10 Reasons why Social Entrepreneurs Matter

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1 Elon Musk A Leader in Motion 10 Reasons why Social Entrepreneurs Matter CEO15_OFC_Cover.indd 1 Are Bosses Becoming Extinct? Hierarchy within the workplace Leadership Lessons from Five inspirational leaders 14/07/ :35

2 CONTENTS 22 The Leadership Advantage Joe Turek Reasons why Social Entrepreneurs Matter Emad Rahim 27 Leadership Lessons from Five inspirational leaders Amber Callender 28 Leadership Spotlight Dr Dirk Craen 30 Are Bosses Becoming Extinct? Phanish Puranam

3 MBA REVIEW International Graduate Forum MBA Rankings Summer 2014 The International Graduate Forum s (IGF) Summer 2014 MBA Rankings have been compiled based upon key performance indicators considered to be of interest and value to potential students. Thus, international diversity, class sizes, student work experience, facultyto-student ratios, and faculty qualifications both academic and professional have been given considerable weight. With competition between business schools continuing to increase, it is important for schools to understand what students really want. Schools ranked highly by the IGF in CEO Magazine have been successful in this goal. NORTH AMERICAN MBA RANKINGS EUROPEAN MBA RANKINGS Appalachian State University California State University, San Bernardino Colorado Technical University Fairfield University Fordham University Graduate School of Business Administration Georgetown University, McDonough Jacksonville University Kennesaw State University Kent State University La Salle University Le Moyne College, Madden Lynchburg College Millsaps College Niagara University Northwest Missouri State University Queens University of Charlotte Simmons College The University of Memphis University of Alabama in Huntsville University of Rochester, Simon University of the Sciences Wake Forest University School of Business Tier Two Berry College, Campbell * Boston College, Carroll Carnegie Mellon University, Tepper Columbia Business School * Georgia Southern University Grand Valley State University McNeese State University College of Business Roosevelt University UCI Merage School of Business University of Alaska Anchorage University of Denver, Daniels College of Business University of Texas at Austin McCombs * University of Washington, Foster Washington University in St. Louis * Willamette University, Atkinson Ashridge Business School Audencia Nantes Birmingham Business School Brunel Business School CEU Business School Copenhagen Business School Cranfield School of Management Darmstadt University of Applied Sciences EADA EIPM École des Ponts Business School ESADE Business School ESMT an University HHL Leipzig ICN Business School IE Business School IESE Business School IfM - Institut für Management International University of Monaco ISEG - Lisboa School of Economics & Management Lancaster Management School Lorange Institute of Business Zurich Mannheim Business School MIP Politecnico di Milano Paris School of Business Porto Business School Reykjavik University Rochester-Bern SBS Swiss Business School The Lisbon MBA (Nova and Católica-Lisbon) * University Carlos III of Madrid University of Strathclyde Warsaw School of Economics Tier Two INDEG-IUL ISCTE *Incomplete data 10

4 MBA REVIEW AUSTRALIAN MBA RANKINGS 1 Victoria University Graduate School of Business =2 n Institute of Business =2 Monash University 4 University of Wollongong, Sydney 5 The University of Queensland Business School =6 University of Sydney Business School =6 Melbourne Business School =8 Macquarie University Graduate School of Management =8 n Catholic University 10 Deakin University 11 University of Western Graduate School of Management 12 University of Ballarat 13 Swinburn University of Technology, n Graduate School of Entrepreneurship 14 The University of Adelaide 15 RMIT University Graduate School of Business and law Tier Two 16 University of Technology Sydney 17 University of Western Sydney 18 Murdoch University Business School 19 Southern Cross University * ONLINE MBA RANKINGS Colorado Technical University Deakin University George Washington University IE Business School Imperial College Business School Indiana University, Kelley International University of Monaco Jack Welch Management Institute Northwest Missouri State University SBS Swiss Business School Temple University, Fox Thunderbird School of Global Management University of Liverpool University of North Carolina, Kenan-Flagler University of Westminster 11

5 MBA REVIEW Global TOP 20 MBA Rankings 1 Copenhagen Business School =2 ESADE Business School =2 Audencia Nantes =3 École des Ponts Business School =3 EADA 4 La Salle University =5 ESMT =5 University of Strathclyde 6 Victoria University Graduate School of Business 7 Queens University of Charlotte, McColl School of Business 8 Ashridge Business School 9 IE Business School 10 Cranfield School of Management 11 Rochester-Bern =12 Kent State University =12 Lancaster Management School =13 n Institute of Business =13 Monash University =13 International University of Monaco =14 University of Wollongong, Sydney Business School =14 Jacksonville University =14 Lynchburg College =14 University of Rochester, Simon School of Business =14 IESE =15 The University of Queensland Business School =15 HHL Leipzig =16 Fordham University, Graduate School of Business Administration =16 Paris School of Business =16 University of Sydney Business School =16 Melbourne Business School =16 The University of Memphis =16 Porto Business School =16 Mannheim Business School =17 Macquarie University, Graduate School of Management =17 n Catholic University =17 CEU Business School =17 Birmingham Business School =17 ICN Business School 18 Kennesaw State University =19 Appalachian State University =19 Reykjavik University =20 Deakin University =20 California State University, San Bernardino =20 Brunel Business School Global EMBA Rankings Ashridge Business School Audencia Nantes School of Management California State, San Bernardo CENTRUM Catolica Peru Copenhagen Business School Cranfield School of Management EADA ENPC Fox Executive MBA / ESADE Euromed Fordham University Graduate School of Business Administration HHL Leipzig ICN Business School Jacksonville University Kent State University Lancaster University Millsaps College Porto Business School Queens University of Charlotte McColl School of Business Reykjavick University The University of Memphis University of Rochester, Simon University of Strathclyde University of Sydney Business School Warsaw School of Economics Global EMBA Rankings Tier Two n Catholic University Carnegie Mellon, Tepper CEU Business School Columbia Business School * Concordia University, John Molson EIPM ESMT an University Georgetown University, McDonough IfM-Institut für Management INDEG-IUL ISCTE Kennesaw State University Lorange Institute of Business Zurich Mannheim Business School MIP Politecnico di Milano RMIT University Graduate School of Business and Law Saint Mary's University, Sobey University of California, Irvine University of Regina University of Technology Sydney University of Texas at Austin, McCombs * University of Washington, Foster University of Wollongong, Sydney Washington University in St Louis, Olin * Canada Canada Canada 12

6 LEADERSHIP SPOTLIGHT Leadership Spotlight Dr Dirk Craen What distinguishes a good leader from a great leader? Margaret Thatcher famously said: Being powerful is like being a lady if you have to tell people you are you aren t. And there is another great saying: A leader is a dealer in hope from Napoleon Bonaparte. I often use these quotes at conferences, because they show the scope of the term leadership. In between these quotes lie a mere 150 years. How has leadership changed in recent times? In the 1970s, the hot topic in business schools was the four famous Ps: price, place, promotion and product. That covered the complete philosophy of the market. This is completely different now. Today leadership has other Ps the first one is people. This is the most important one. Your customers and your employees they should always be at the center of everything you do. The second p is performance. People have to perform and your job as a leader is to transform your employees into great performers. The third p is planet. Respect for the planet is our fundament. The final p stands for profit a manager is an entrepreneur without capital. Without profit you cannot reinvest. It seems that money isn t everything anymore. That s right. A great leader today needs to inspire, as both a businessman and a storyteller. His enthusiasm must be infectious. Entrepreneurs are the rock stars of today because they can change the world for the better. How did you become a leader? My wife said it to me, You have surrounded yourself with people who are smarter than you in their field. And she is right. A leader needs great people around him, who know more than he does, but who share his ideals and enthusiasm. If my marketing director has the same opinion as my financial director, there is one person too many on my payroll. You pay people to have different opinions; the era of autocratic leadership is over. Because knowledge is no longer a limited resource? Yes, what makes the difference today is the ability to evaluate information and make decisions that take all the important details into account. This requires both a new concept of leadership and a new understanding of a networked world. Is the world growing together then? Yes and no. On a large scale, yes; you can communicate and trade more easily with people from around the world. But keep in mind; in there are 27 countries with hundreds of different tastes. You make the difference in the details, and so both an international knowledge base and education are key. You know what illustrates this cultural diversity? Your customers and your employees they should always be at the center of everything you do. Quick-Fire Questions A leader without vision is like... a consultant. Someone who knows the job but has no personal responsibility to change anything. A real leader must be an agent for change. You have to give something back, give more to the world than you earn. Then you can say: I did a good job. A leader without responsibility is like... a football player without a ball. A leader without a great team... is a one-man business. And a team without a great leader... is like a ship in a wild storm: it has no direction. A leader without a sense of sustainability is... a pure egoist. 28

7 LEADERSHIP SPOTLIGHT Hip hop? The Internet? No. Mayonnaise. Mayonnaise? In the US, there is basically only one type of mayonnaise. They have so many states but essentially the same taste. In you have 200 different tastes. People in the north like it more salty and the more you go toward the south, the more sugary it is. A real leader is aware of differences like these and acts accordingly. If you know these little details, you will be loved by your customers. I learned this as a salesperson and it has helped me ever since. How can leadership be taught? Through examples and real-life stories. Learn from the best. And of course, a certain skepticism helps against anyone who seems to know every answer. A true leader is willing to engage in discussion without knowing the outcome. So a leader tries new things? Absolutely. Take food. Some people say, I don t eat that. How people eat can be really revealing sometimes it shows their attitude to life. So you can tell great leaders by their restaurant orders? I was in Hong Kong once and met people who always went to an Italian place there. Imagine that! Do you need more proof of their inability to seize opportunity? As an employer, I would think twice before hiring people like that. Do you remember good advice from a leader that you respect? Jean-Claude Biver, the CEO of the watchmaker Hublot once told me, I don t need marketing tests, I just try new ideas, and if it doesn t work, I won t do it anymore. He had some great ideas. He was the guy who wanted to sponsor soccer and found a perfect place for his logos: the signs that the referee holds up when a player gets changed and when the overtime is being announced. These things are shown in every game, but much more dynamic than plain ads or posters. Brilliant. Biography Dr Dirk Craen is President at an University and UNESCO Chair in International Relations, Business Administration and Entrepreneurship. Dr Craen is also a member of the International Association of University Presidents. 29

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