EMERGES LUISS BUSINESS SCHOOL Executive Master in Energy Resources and Global Environmental Strategies EMERGES LUISS BUSINESS SCHOOL Executive Master in Energy Resources and Global Environmental Strategies
MESSAGE FROM THE EMERGES DIRECTOR The Energy Sector is nowadays at the center of the worldwide economic and social stage. It has become increasingly evident that all the main challenges we are facing, from global warming to exhaustion of fossil fuels, from economic development to sustainability, are tightly linked to the elements composing the System of Energy. Acquiring a higher-level executive education in this sector means investing in a career able to generate high value in a growing field; a career centered around knowledge that matters, and that will matter everyday more. Acquiring such competencies is however a challenge. The Executive Master in Energy Resources and Global Environmental Strategies (EMERGES) has been designed with the precise intent to provide executives aiming to navigate the energy landscape with the knowledge needed to master the key elements of the sector. With this goal in mind, LUISS Business School developed an innovative approach to education in this field, starting from a simple principle: energy production and energy consumption are the two sides of the same coin. Energy management techniques, energy efficiency, emissions trading, and investments in innovation to reduce energy consumption, are just the demand side of a system mirrored, on the supply side, by issues such as resource management, diversification and risk, development of distribution grids, and investments in innovation to reduce the costs of producing and distributing energy. In the Energy Sector demand and supply are tightly linked. To develop a career in energy-intensive industries, such as chemicals, glass, or steel, energy managers need to open a window on the supply side and get acquainted with the main processes leading the change on the other side. At the same time, those who want to advance their career in firms in the oil, coal, gas, electricity, or renewable-energy sectors need to learn practices to manage a demand that becomes increasingly intelligent and need to learn how energy managers think. The EMERGES program takes this challenge and develops a course structure that creates synergies between the two perspectives, intertwining the practices of energy managers with the strategies of energy producing companies. For this reason, EMERGES will enhance your capabilities to lead your organization, take key decisions, face challenges in the competitive global arena of ever-evolving energy markets. Franco Fontana Director LUISS Business School EMERGES 2
01. LUISS BUSINESS SCHOOL Located in the heart of ROME, city of culture and arts, LUISS Guido Carli University with 6 campuses, 1290 faculty members, 7.109 students, 20.600 alumni, is committed to excellence in the development and transmission of knowledge in economics and business, political science and law. The University, is owned and managed by Confindustria, the Confederation of Italian Industry, with a mission to enhance the companies education, innovation AND research. The Libera Università Internazionale degli Studi Sociali (LUISS) Guido Carli is a private Italian University, whose aim is to achieve the highest levels of distinction in the development and transmission of social sciences. LUISS Business School, a division of LUISS Guido Carli, is a management school committed to research activities and training in the areas of Management and Business. LUISS Business School offers a wide spectrum of skills and talents in all the strategic fronts of business and management ranking from specialized master degrees to tailor made courses, MBAs and executive courses. LUISS Business School aims to provide students with key tools and skills needed to successfully operate in the current and future competitive business arena. LUISS Business School training model is interdisciplinary and strongly oriented toward practical application. A distinctive LUISS Business School s trait is its strong connection with Confindustria (the main organization representing Italian Manufacturing and Services Companies). This link ensures the pursuit of broader educational goals engaging university with the real-world and strengthening university-industry relations. LUISS Business School is committed to the continuous enhancement of management education and is part of a dynamic, relevant and diverse network of thinkers and practitioners sharing the common objective of developing effective and socially responsible leaders and managers. 3
02. EMERGES PROGRAM The Energy Sector is a worldwide system that develops along a series of complex trade-offs: renewable vs. non-renewable fuels, carbon emissions vs. energy production costs, social acceptance vs. gradual diversification of resources, concentrated vs. dispersed markets, complex value chains mastered by large companies vs. dispersed and heterogeneous networks spanning many smaller firms, and many others. The complexity of the sector requires a well-grounded understanding of its elements, both on the theoretical as well as on the practical side. It requires deep knowledge of the sector s global dynamics: from the complex interconnection between demand and supply at the global level, to the finer-grain implications for the development of firms engaged in the production, distribution and consumption of energy. The EMERGES program develops an educational journey that tackles all these challenges, and provides the participants with the knowledge needed to improve their career prospects either as managers in the energy supply sector or as energy manager in energy-intensive industries. KEY ELEMENTS OF THE PROGRAM A comprehensive framework to navigate the ever-changing nature of the energy sector An understanding of the key elements that make energy management a source of competitive advantage The mastery of the foundations of strategic decisions in the evolving energy industry A toolbox for managing environmental responsibility Two active learning sessions based on real-life cases and concrete global issues, to be developed together with firm representatives A full-week network-based course in Tuscany included in the price EMERGES 4
03. EMERGES CURRICULUM The program is structured in 4 main COMPETENCES SETS: ENERGY: GETTING THE BUILDING BLOCKS RIGHT ECONOMIC ISSUES IN ENERGY: FROM INPUTS TO CONSUMPTION EXPLORING THE BLACK-BOX: THE FIRM THE CHALLENGES: FROM SUPPLY TO DEMAND ENERGY: GETTING THE BUILDING BLOCKS RIGHT The first module introduces participants to the general issues of the energy market and lays down the foundations of the further sessions. This introduction outlays the path-dependent nature of the past that led to the present scenario, provides a broad overview of the forces acting today, and the sets of options available for the future. The module is structured as follows: Global ecosystem and the dynamics of its maintenance Introducing the energy sector The economics of energy ECONOMIC ISSUES IN ENERGY: FROM INPUTS TO CONSUMPTION The second module aims to equip the participants with an unambiguous comprehension of the energy markets by laying down the emphasis on the macroeconomic perspective of the value chain from input acquisition to consumption. In particular, it focuses on the input side, on the actors involved on the output side, along with the negotiations between them, on the network dynamics of the sector, and on the role of the energy manager in increasing the efficiency of energy-intensive firms. The module is structured as follows: Focus on the input side: macroeconomic perspective Focus on the output side: leading the energy markets Focus on the system: network dynamics of the energy sector Focus on the consumption side: energy management 5
EXPLORING THE BLACK-BOX: THE FIRM The third module narrows down the focus to the firm level, and enables the participants to understand the micro-foundations of strategy, the implementation of strategic decisions, the evaluation of risk in decisionmaking processes, the new roots of business growth, and the green way to connect with customers. The module is structured as follows: Economics of strategy: the micro-foundations Strategic decision making Growth strategies in the energy sector Green marketing Innovating in the energy sector Active Learning Session I THE CHALLENGES: FROM SUPPLY TO DEMAND The fourth module delves deeper and endows the participants with a finer understanding of the challenges the energy sector is going through in these years, such as the stronger connection between supply and demand, the management of technological dynamics and of the inherent complex nature of nascent technologies, the challenges firms face during liberalization and in new distribution setups, the wide array of actors and their contribution in enhancing the energy efficiency. The module is structured as follows: Resources: managing energy systems Generation: achieving efficiency and effectiveness Distribution: understanding the market Demand: energy efficiency Active Learning session II EMERGES 6
04. EMERGES COURSE COMPETENCE SET 1 ENERGY: GETTING THE BUILDING BLOCKS RIGHT Global ecosystem and the dynamics of its maintenance Ecosystem: threats and opportunities Politics of climate change Keeping the equilibrium: the role of financial methods Introducing the Energy Sector A journey in the future Unfolding the geopolitics of the energy sector Exploring the legal framework of the energy sector The Economics of Energy Historical development of economies and markets Different markets for different forms of energy Unveiling the idiosyncratic features of the sector 1 COMPETENCE SET 2 ECONOMIC ISSUES IN ENERGY: FROM INPUTS TO CONSUMPTION Focus on the resource side: macroeconomic perspective Fossil fuel Nuclear fuel Renewable resources Focus on the output side: leading the energy markets Identifying the actors in the sector Mastering negotiations Focus on the system: network dynamics of the energy sector Extending the reach of your business: from local to global supply chain Corporate Social Responsibility Focus on the consumption side: energy management The increasingly relevant role of the Energy Manager The context for the Energy Manager s action Energy Manager s strategies 2 7
COMPETENCE SET 3 EXPLORING THE BLACK-BOX: THE FIRM Economics of Strategy: the micro-foundations Economic concepts for strategy The horizontal boundaries of the firm The vertical boundaries of the firm performance measurement Strategic Decision Making Strategy and value, from operations to the shareholder value Risk management and sensitivity analysis Financial evaluation The economic value of strategy Growth strategies in the energy sector Diversification and vertical integration Internationalization strategy Mergers, acquisitions and alliances Green Marketing Marketing and the challenge of green marketing Micro and macro level drivers Understanding the need of consumers, customers and the environment Innovating in the energy sector Drivers and strategies of innovation Organizational structure conducive to innovation Green innovation 3 Active Learning Session I: A firm representative will present a real-life challenge faced by the company. Participants will be asked to act as advisors and, working in teams, to elaborate recommendations based on their work experience and on the knowledge acquired during the previous sessions. The proposed solutions will be discussed in class together with the firm representative and teachers. The brightest and most feasible one will be identified and analyzed in dept. THE CHALLENGES: FROM SUPPLY TO DEMAND Resources: Managing energy systems Diversification of sources Fossil fuels Renewable sources Generation: achieving efficiency and effectiveness Exploring the technology: fossil fuels, renewable and nuclear energy Technological evolution and innovation Navigating complexity: strategies, uncertainty and risk Distribution: understanding the market Improving distribution and saving energy Inside the economics of utilities The challenge of liberalization Demand: Energy efficiency Widening the set of actors involved: demand management Extending the grid: smart grids Planning infrastructures Active Learning Session II: Participants will be divided in teams each focused on a sector at choice among oil, coal, gas, nuclear and renewable. The aim is to identify a precise challenge at the center of the future development of that sector and develop an in-dept study of the case using the elements of the conceptual and strategic toolbox acquired during the course. The task each team is called to tackle is to identify solutions to be readily applied to real-life scenarios. Firm representatives and teachers will work as advisors all along the development of the project, which will culminate in a class presentation and discussion. EMERGES 8
05. EMERGES TEAM EMERGES SCIENTIFIC COMMITTEE Franco Fontana - EMERGES director Professor of Strategy, LUISS Guido Carli and Director, LUISS Business School Carlo Andrea Bollino Vice President, Italian Association for Energy Economists and University of Perugia Luca Dal Fabbro Chief Executive Officer, E.On Livio Gallo Chief Operating Officer Infrastructure and Networks, Enel Alessandro Lanza Chief Executive Officer, Eni Corporate University John Mathews Professor of Strategic Management, Macquarie Graduate School of Management, Macquarie University and Eni Chair in Competitive Dynamics and Global Strategy, LUISS Guido Carli Massimo Parissi Energy Manager, Cementir Holding S.p.A. Richard Priem Professor of Management, Texas Christian University SERGIO TREICHLER Executive Director Technical and Scientific Affairs, Federchimica Giuseppe Zampini Chief Executive Officer, Ansaldo Energia 9
EMERGES FACULTY CARMELO ABISSINO Manager of Energy and Facility, Fastweb CAROLA ANTONINI Head of Energy Business Unit, Chiomenti Studio Legale ANDREAS ANGELOPOULOS Adjunct Professor of Private Equity Imperial College Business School PAOLO BOCCARDELLI Professor of Strategy, LUISS Guido Carli and Responsible of International Area, LUISS Business School Carlo Andrea Bollino Vice President, Italian Association for Energy Economists and University of Perugia Matteo G. Caroli Professor of Economics and Management of International Firms and Vice President of the Faculty of Economics, LUISS Guido Carli Vittorio Chiesa Director of the Energy & Strategy Group, Politecnico di Milano University Carlo Crea Head of the Strategy and International Planning Department, Italian Regulatory Authority for Electricity and Gas(to be confirmed) Luca Dal Fabbro Chief Executive Officer, E.On Livio Gallo Chief Operating Officer Infrastructure and Networks, Enel Donato Iacovone Mediterranean Managing Partner, Ernst&Young Alessandro Lanza Chief Executive Officer, Eni Corporate University Mats Magnusson Professor of Product Innovation Engineering, Royal Institute of Technology in Stockholm John Mathews Professor of Strategic Management, Macquarie Graduate School of Management, Macquarie University and Eni Chair in Competitive Dynamics and Global Strategy, LUISS Guido Carli Raffaele Oriani Professor of Corporate Finance and Venture Capital, LUISS Guido Carli Richard Priem Professor of Management, Texas Christian University DAVIDE TABARELLi President, Nomisma Energia SERGIO TREICHLER Executive Director Technical and Scientific Affairs, Federchimica AnDREA VALCADA Innovation and Environment Executive Vice President, Enel Antonio Volpin Responsabile for Electric Power and Natural Gas, McKinsey & Company Giuseppe Zampini Chief Executive Officer, Ansaldo Energia EMERGES 10
06. EMERGES FORMAT COURSES FORMAT AND TIMETABLE 25 WEEK-ENDS FROM NOVEMBER 2011 TO DECEMBER 2012 AT LUISS BUSINESS SCHOOL IN ROME (IT) + 1 full time residential week in May in Tuscany PARTICIPANT PROFILE EMERGES attracts entrepreneurs, executives, top and middle managers with a significant experience in the energy production and supply sectors and from energy-intensive industries, who can enhance the debate and the discussion in class, and later expand the professional network of the alumni. THE EMERGES PARTICIPANT S PROFILE NEEDS TO FULFILL THE FOLLOWING REQUIREMENTS: Outstanding academic skills Passionate interest for strategic thinking in energy management Intercultural sensibility and global mindset Managerial potential for key positions Ability to contribute to the EMERGES class experience Readiness to take responsibility for environmental concerns PROGRAM COSTS Tuition for the EMERGES Program amounts to euros 18,000 + V.A.T.. Payment is broken down into three installments of euros 6,000 + V.A.T. each, according to the following payment schedule: 1 st at the confirmation OF THE ADMISSION; 2 nd by MARCH 31, 2012 3 rd by JULY 31, 2012 FULL TIME RESIDENTIAL WEEK IN TUSCANY EXPENSES (TRAVEL AND LODGING) INCLUDED. 11
ADMISSION REQUIREMENTS WhO. The EMERGES Program welcomes participants graduated in all disciplines. Candidates are admitted to the EMERGES Program on the basis primarily of their professional experience, academic records, and personal motivation. A sound proficiency in English is compulsory. Candidates are recommended to submit the application as soon as possible because of the limited class size of the Program. What. CANDIDATES ARE REQUIRED TO SEND THE FOLLOWING DOCUMENTS: Application form (downloadable from the website) Statement of Purpose (1 page max) Curriculum Vitae (min 3 years of experience. However, exceptional cases with less working experience are also encouraged to apply) Certification of University Degree GMAT (optional) TOEFL / IELTS (optional) Two reference letters Two passport photos Euros 105, to be paid at LUISS Business School, covering the admission fee.* How. Candidates will be selected through a two-stage process, BASED ON: A review of the documents required for the application A personal interview with the EMERGES admission team To be allowed to step into the first stage, candidates must provide all the required documents listed above. Upon the successful outcome of the reviewing process, candidates will be contacted for the interview. * The admission fee is to be paid by transfer to: LUISS Guido Carli Divisione LUISS Business School UNICREDIT SPA, agenzia n. 274, VIALE GORIZIA,21-00198 ROME, C/C n. 000400000917, ABI 02008, CAB 05077, ente 9001974, IBAN IT17H0200805077000400000917, BIC/SWIFT UNCRITM1C27 acronimo cliente 86015854 dipendenza 31449 Proof of payment should be sent to Ufficio Amministrativo LUISS Guido Carli, Viale Pola, 12-00198 Rome EMERGES 12
07. EMERGES CONTACTS For information about the EMERGES Program, application, deadlines, and any further information, you can send an email at emerges@luiss.it or you can contact directly the DR. FRANCESCO RULLANI EMERGES COORDINATOR LUISS BUSINESS SCHOOL Viale Pola 12 00198 Rome (Italy) Email: frullani@luiss.it Tel: +39 06 8522 5633 13
LUISS BUSINESS SCHOOL Divisione LUISS Guido Carli Executive Master in Energy Resources and Global Environmental Strategies Viale Pola, 12 00198 Rome (Italy) T +39 06 8522 5633 F +39 06 8522 2308 emerges@luiss.it www.emerges.luiss.it