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Executive Development Program

Related Programs
  Advanced Executive Program
  Kellogg Post-MBA Program
  Women's Senior Leadership Program
  Kellogg Management Institute

Upcoming EDP Sessions
  November 2-21, 2008
$26,500
  June 14 - July 3, 2009
$28,000
  November 1-20, 2009
$28,000
 
Key Benefits
During EDP, you will:
Gain confidence from an increased understanding of the roles, responsibilities and interaction of the functional areas of general management
Strengthen your communications skills and develop your ability to interpret and apply information from functional areas in your decision-making processes
Acquire business management insights on how to effectively lead and implement change in your organization
Explore new concepts and perspectives for more effective competition in the global marketplace
Discover valuable and practical real-world knowledge while networking with an international group of peers
 
more benefits
 
 
"The program provided me with an excellent opportunity to develop both leadership and management skills that I can bring back to my organization. The topics covered were highly appropriate in preparing me for all aspects of general management."

Information Technology Manager, Hewlett-Packard
Professor Ranjay Gulati
© Nathan Mandell
Professor of Management and Organizations Ranjay Gulati
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EDP Curriculum

The curriculum for the Executive Development Program has been created to meet the needs of middle-management executives. Some 60 percent of the curriculum is designed to cover a broad range of functional areas in order to sharpen general management skills and expose participants to areas of management in which they may have limited experience. The remaining 40 percent of the curriculum is designed to enhance each participant's strategic thinking, leadership, and interpersonal skills in order to help them be more effective leaders and change agents. Below are brief descriptions of some of the topics covered in a typical Executive Development Program.

FUNCTIONAL TOPICS

Accounting

The accounting sessions aim to demystify financial statements and reporting enough to enable you to ask the right questions about the numbers. You will examine the interrelationship of financial statements and how individual transactions impact these statements. You will also explore the key conceptual underpinnings of corporate financial reports and their impact on financial statements. Finally, you will identify, apply, and link strategies for evaluating earnings and cash flows to value creation. In the end, you will have a clearer understanding of corporate disclosures and non-disclosures and the circumstances in which companies take advantage of allowable income-increasing strategies.

Finance
This component will familiarize you with both the frame of reference used by financial officers and the problems encountered in finance. The three principal areas that will be covered are cash-flow analysis, capital budgeting allocation decisions, and capital structure analysis. Other topics include models for evaluating investment alternatives and the ranking of investment projects.

Marketing
Our world-class marketing faculty will share insights into how marketing is changing in the new millennium and how marketers must change with it. This module addresses the marketing-related challenges faced by mid- to senior-level executives and is designed to provide the concepts and tools needed to deliver improved operating results. This module assumes familiarity with basic marketing principles.

Operations
This section focuses on the strategic role of operations to enable improvement and financial success. It provides a systemic view of an organization as a collection of business flows that suggests appropriate performance metrics and facilitates the identification of potential improvement targets. The emphasis is on linking operational and financial flows in the setting of daily management, as well as strategic capacity investment and operational hedging considerations.

Information Technology
As technology is an enabler of business value creation, every manager needs to understand how technology strategy influences and is influenced by organizational strategy, structure, and processes. In this course, you will learn how to leverage technology to improve business performance, to drive revenue growth, and to serve customers more effectively.

LEADERSHIP AND MANAGERIAL TOPICS

• Strategy and Strategic Implementation

The Fundamentals of Strategy
This course teaches you how to create value and profit in a competitive environment by thinking strategically about the strengths and vulnerabilities of your operating units and companies. You will address the nature of the markets in which your companies operate and the competition and rivalry within these markets. You will then cover how to find your core competencies and how to maximize these resources in order to grow the top line.

Strategy and Structure
Strategy is ineffective if an organization's structure is not aligned properly. This course focuses on how organizations can use structure to effectively execute a sound strategy.

Leading Strategic Change
This module focuses on the key processes necessary to initiate and sustain change in organizations. It also provides specific pointers on the skills required for aspiring change leaders in organizations.

• Leadership and Interpersonal Skills

Team Building
Group simulations are used in this unit to increase your understanding of human behavior within organizations. You will have the opportunity to develop your problem-solving skills to better manage individuals and groups. Topics to be covered include team building, the new leadership challenge, and continuous learning in an organization.

Managerial Negotiations
Professionals in all fields constantly deal with conflict and disputes. This unit introduces some of the new ideas and techniques for managing negotiations that are emerging from the field of dispute resolution. While the negotiating approach that is presented is used in all situations, the unit emphasizes negotiating within organizations and negotiating group decisions.

Building Social Capital
Networking involves much more than meeting people and handing out business cards. It's about understanding the dynamics of how people interact within and between organizations to influence others and create opportunities. This course will explain how individuals within organizations have varying degrees of social capital and how they can use this information to be more effective.

Decision Making
Decision making is the core of a leader’s job. This highly interactive module challenges participants to deal with decision making under risk. The most common decision-making pitfalls are exposed and leaders are encouraged to identify these biases in others and to design groups to be more vigilant decision makers.

Power and Politics
Effective management and leadership in organizations requires that managers be comfortable developing and utilizing their organizational power. This unit introduces state-of-the-art theory and applications on the political capital model for building, leveraging, and deploying power in
and between organizations. Case analysis and film will be used to develop strategies and skills for managing with political capital.

Leadership
What makes great leaders? Learn about what scholars are saying it takes to be an effective leader in today's global economy. Get feedback from your peers on your leadership potential.

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