THE
ADVANCED MANAGEMENT PROGRAM The only individualized and flexible program for senior executives
The Advanced Management Program is designed for senior executives who strive for excellence and are serious about taking their organizations—and themselves—to the next level through agile and innovative leadership.
How Will You Build on Your Success? Yesterday’s winning formula or Tomorrow’s better idea Never make a mistake or Never miss an opportunity Know what to think or Know how to think Manage a team or Cultivate greatness Maximize your power or Learn to inspire Confirm what you think you know or Consider what you don’t know Follow a well-made plan or Write your own rules Climb the ladder or Chart your own course Be in the know or Be in the now Business as usual or The Chicago Booth Advanced Management Program
The Advanced Management Program provides a combination of benefits that no other senior executive program can claim. 2
The Most Flexible Format in Advanced Management Training A Format that Works for You Pursue your educational needs while continuing to lead your organization. While traditional senior executive programs have been offered for decades, only one school—Chicago Booth— has responded to the changing speed and needs of business by offering an unprecedented level of flexibility and customization in the Advanced Management Program. Composed of six nonconsecutive one-week courses over a year, the Advanced Management Program format is the result of interviews with more than 300 senior executives, who all cited the need for flexibility and an individualized curriculum. AMP at Chicago Booth is a total of six week-long sessions, and half of the sessions are completely customizable. Three core sessions give you the tools you need to be a more effective leader. Three elective sessions allow you to individualize the curriculum to your needs.
Immediate Application Put your new knowledge to work immediately. With six sessions spread over a year, you have the chance to absorb what you’ve learned, implement your new knowledge in the workplace, and bring your questions and observations to the next session. Between sessions, you will engage in coaching calls with your peers and faculty members to discuss your successes and challenges in applying the course frameworks. The ongoing dialogue created through this format is unique to the Chicago Booth Advanced Management Program. No other advanced management program offers the opportunity to continuously try new skills and techniques in the workplace and receive valuable feedback from professors and peers.
Individualized Curriculum Choose electives that best fit your needs. Three elective sessions are taken with colleagues from a range of industries and functions and focus on such areas as finance, marketing, strategy, negotiation, and decision making. These elective sessions allow you to individualize the curriculum to best complement your career goals, professional development needs, business interests, and schedule.
APPLY ONLINE TODAY
THE A D VA N CED MA N AGEM EN T P R O GRAM
3
Participant Perspective Mark Mowat Managing Director Frontier Capital
“ I expected to become a more effective business leader and bolster my professional biography; however, I came to understand that I gained something much more important to my development as a person and a professional. I left the program with a keen desire to find greater fulfillment from my work, and as a result became a better leader in the process.”
“ The Advanced Management Program is ideal for executives looking for something new that will shake the ground they work on. Executives should be ready to consider and answer difficult but critical questions. Global Customer Delivery Head The program is thoughtfully designed, the faculty were outstanding at Nokia Siemens Networks connecting their research and content to the corporate world, and my classmates were exceptional.”
Gabriel Dutra
Joseph Cacchione, MD Chairman, Operations and Strategy Cleveland Clinic Heart & Vascular Institute
Brenda McCaffrey, PhD Founder Kolea Technology
Paulino Rodrigues COO & CIO Confederação Sicredi
4
“ The Advanced Management Program has given me a chance to think outside of what I normally do on a daily basis, not as a physician, but as an executive. Even though there’s practicality to the knowledge, there’s challenge to the thought process, which enhances my critical thinking skills. It’s given me a fresh perspective on how to look at my business.”
“ I love the format. To go in for one week and be totally immersed is phenomenal. Plus, that gives you the opportunity to come back to the real world and experiment with some of the ideas. And for me, it’s helping to provide the framework for where I want to be a year from now.”
“ This has been a much deeper experience than I anticipated. AMP brings together the technical content and the complexities involved in management and leadership in a thorough, profound way.”
Sponsoring Organization Benefits The Advanced Management Program creates value not only for the participating executives, but also for the organizations they lead. A format that lets executives keep working As critical contributors, executives’ time is one of the most valuable resources for an organization. The program format never pulls executives away from work for more than a week at a time.
Immediate results and instant feedback Our curriculum was developed with practical application in mind. Sessions spread throughout the year allow participants to take their learning back to the workplace and immediately put their sharpened skills to work. Executives introduce new ideas and frameworks to their teams after each session. Furthermore, executives can report their implementation successes and challenges on interim coaching calls between sessions and at future sessions for discussion and feedback from faculty and peers.
A program tailored to individual needs With the choice of three electives from our list of open enrollment offerings, executives can select courses related to business issues currently faced by the organization. And because electives are taken throughout the year, executives can change their electives as their knowledge develops and their business needs change.
Organizational impact beyond the executive Our program starts with a focus on the executive as a leader, but our emphasis is on those around them: their team, their firm, their community. They’ll not only realize their own potential, but inspire others to achieve greater results and create lasting value for the organization. Executives leave the program armed with knowledge and skills to leverage throughout the organization.
“Chicago Booth’s ability to create focus and connect with those going through the program is one of the advantageous reasons why we partner with them.” S ponsor perspective
Michael Geary
Vice President of Human Resources, Kiewit
“Kiewit has a long history of developing our leaders. You have to continuously sharpen the edge of the saw with external perspectives, methods of thinking, and approaches to business. When we know that someone is going to have a senior role in our organization, we use the Advanced Management Program as a way to sharpen that saw and give them that external perspective and experience. “The people we’ve put through the program speak very highly that they’re growing, they’re being challenged, and ultimately they’re able to come back and apply those skills. More importantly, as executive leaders of the business, we can see a difference in the individuals. It forces them to step outside their comfort zone, so you see a higher level of confidence. They have the ability to look at problems differently, in nontraditional ways. They’ve been able to interact with a different network of people and had the ability to think about work in a setting with little or no risk, so that when they come back, they’ve had the time to step out of their normal day-to-day work and can respond with more confidence.” 5
“There’s no doubt that this program has helped me develop a more strategic mind and widened my perspective.”
“I started to get involved in a lot of international business and I needed formal, deeper preparation. I was interested in more than technical or finance skills—more ways to structure strategy and social behavior. “On the first day the professor said, ‘We are not going to teach you what to think, but how to think.’ I didn’t believe it, but it was true. I found that the balance between the case analysis and walking through structural, academic facts was important. Making decisions that way has been really helpful for me and my organization. P articipant perspective
Bernardo Valenzuela President Terranova GTS
6
“One of the best things I got out of the program was a structured approach to social capital. We are citizens of big corporations, big cities, and big countries. I’m engaged not just with people in my company in the US but in places like China, Brazil, Colombia, and South Africa. Logging into those networks and structuring the kind of relationships I’m going to have are key for my success and the future of my business.”
The Chicago Approach Inquiry. Insight. Impact. Three words that describe the power and outcomes of a distinctive way of learning, analyzing, and engaging others. The way we generate, refine, and apply ideas sets Chicago Booth apart from other business schools and distinguishes our students for the entirety of their professional lives.
Rigorous Inquiry Our executive participants learn to question and evaluate challenges and opportunities through foundational disciplines. They engage colleagues and press to make the best answer to a problem even better.
Cogent Insight A diverse array of analytical and behavioral frameworks gives participants useful structure for organizing information so they can readily draw on it when needed.
Enduring Impact Participants leave prepared and confident to face any business challenge and create compelling, innovative business solutions.
P articipant perspective
Ed Auslander President and CEO LORD Corporation
“The Advanced Management Program merges the two elements we needed most from any program—flexibility and real-world expertise. The program allows students to pick the time and the content, which was a distinct advantage, as well as providing application opportunities between each session. In addition to the real-world business and leadership applications taught during each session, my classmates provided a built-in network of executives with whom I continue to collaborate and explore innovative ways to solve problems.”
APPLY ONLINE TODAY
THE A D VAN CED MA N A GEM EN T P R O GRAM
7
Developing Core Capabilities: Vision, Agility, Leadership In the Advanced Management Program, you will be immersed in three week-long core sessions among accomplished peers. You will: • Develop a structured method for learning from your experience and generating insights. • Gain new perspectives on your organization, the industry in which you compete, and the challenges you face. • Become more reflective and critical in your thinking and encourage the same of your colleagues. • Learn how to better position your organization for growth in a rapidly and continually evolving business landscape.
Engaged Learning
Continued Engagement
During each of your core sessions, you will participate in a variety of experiential learning opportunities. You will have a unique opportunity to critically examine the way you interpret, frame, and approach strategic issues.
The learning and feedback don’t stop when you leave the classroom. Between core sessions, the faculty facilitates peer coaching calls to ensure your success in applying the class framework.
You will face decisions in which you have limited expertise and must effectively sort through an overflow of information for the most relevant and compelling data. You will need to engage and influence a variety of stakeholders with diverse and sometimes competing interests. This is a crash course in enterprise leadership essentials: strategic thinking, articulate advocacy, and creative problem solving. You will learn from going through the experience yourself, and also observing how your peers approach strategy development. You will benefit from insightful feedback from your classmates and faculty.
8
You will collaborate with a small group of peer learning partners to reflect on the key takeaways and their impact for your work. These calls allow you to strengthen and leverage your peer network, and tap into faculty insight about your personal goals and challenges. Post-program, participants stay connected to Chicago Booth and their classmates through a wide range of activities, including AMP reunions, Chicago Booth flagship events, regional events, and continued peer coaching opportunities. The Chicago Booth AMP is a transformative experience and one that continues long after you leave the classroom.
Introductory Core Session – October 10–14, 2016: The Executive Managing complex situations, making tough decisions, and leading corporate initiatives require a high degree of self-awareness. Successful executive leadership requires authenticity, clarity, and agility to engage different audiences. You will also explore the critical topic of social capital and how connections with subordinates, peers, colleagues, competitors, and other critical contacts in the market explain the variance in performance differences among senior executives. Securing your foundation, this session involves familiarizing you with key principles, by focusing on the interplay between your social capital and your own leadership agility.
Topics include:
• Competitive Advantage of Social Capital • Learning from Experience • Leadership Agility
Mid-Course Core Session – April 10–14, 2017: The Organization Here is a simple question: are the people around you better off because you are there? How do you inspire, motivate, and deliver results from the organization around you? Building on the first core week, which focused on your role as an effective leader, this week looks at how your role is integrated into your organization: how can you influence and drive change, develop a result-driven culture, and create value by identifying new opportunities and mobilizing resources around you? You will become adept at identifying key stakeholders and potential strategic partners, as well as improve your ability to engage them. Just as personal agility in the first core session was essential to a business leader’s competitive advantage, maintaining capacity for organizational agility is essential to this session’s discussion of leveraging competitive advantage across an organization.
Topics include:
• Coordinating across the Enterprise and Managing Barriers to Coordination • Embedding Innovation throughout the Organization • Leading Sustainable Organizational Change
Final Core Session – October 23–27, 2017: The Community Business is exposed more than ever before to the external environment. While we operate in global markets, competitive advantage is still personal and local. The immediate environment remains critical, but risk and opportunity can now come from far away. This week will help you to think strategically about your organization as being part of a broader system. Discussion ranges over the local community and across the continents. This third core session of your Advanced Management Program journey is about juggling your roles as a leader for your interests, your company’s interests, and the interests in your profession and community more generally. You will also have an opportunity to think deeply about your future plans and your legacy as a leader.
Topics include:
• Leadership and the Broader Community • Managing Organizational Reputation • The Global Economy
APPLY ONLINE TODAY
THE A D VA N CED MA N AGEM EN T P R O GRAM
9
“The ability to look at the content of a particular course and match it with the crossroads I was at from a business perspective was very, very useful.”
P articipant perspective
Chris Lie
President and Chief Executive Officer Johnson Insurance Services
10
“Prior to joining Johnson Insurance, I ran and owned my own firm, which was smaller and not part of a larger financial institution. I wanted to make Johnson Insurance as successful as I could and was looking for opportunities to improve my skill set for this larger, more formal organization. Our human resources director and I began looking at different advanced management programs, of course concerned with the time commitment as well as the content that would best apply to the situations I faced at Johnson Insurance. “When we read about the Advanced Management Program at the University of Chicago, it seemed ideal. I could pick the content, I could pick the week, and I could immerse myself into the curriculum in a great environment. At the time I started the program, Johnson Insurance was expanding robustly using mergers and acquisitions. I remember coming back from a finance course with a good understanding of the calculations needed for that and how they applied to the world of finance. I immediately had a better grasp of what the tools meant and how to employ them to make better decisions at Johnson Insurance.”
Electives The only senior executive program to offer electives as part of the overall curriculum, the Advanced Management Program lets you engage directly with topics related to your business needs, professional development interests, and career goals. Chosen from our list of open enrollment courses, electives are taken with executives from a range of industries and functions. Most courses are co-taught by faculty for a multidirectional approach to each discipline, so you’ll expand your mind and your network at the same time. Choose three electives according to the dates and material that best fit your schedule and professional development needs. Here is a representative list of electives you’ll be able to choose from. For elective dates and more information, please visit our website.
Finance The Executive Program for Prospective CFOs Sharpen analytical skills, effectively manage relationships with internal and external constituencies, and drive strategic direction to lead enterprise transformation and growth by applying cutting-edge research to the most pressing problems facing finance executives today.
Finance for Executives Sharpen comprehension of insights including M&A and risk management at a top level. Participants of this program can leverage new knowledge and techniques to assess the desirability and value of investment projects, corporate assets, and acquisitions. Participants will subsequently improve upon their communication with varying financial departments within their organization.
Financial Analysis for Nonfinancial Managers Gain a practical understanding of how to interpret and use internal and external financial reports to inform and influence the decision-making process. Once you know how to translate this financial information, you’ll be able to apply it to your business immediately.
Mergers and Acquisitions This interdisciplinary program gives executives the analytical framework and tools necessary to successfully execute mergers, acquisitions, and corporate restructuring.
Leadership & Organizational Behavior Essentials of Effective Management: The Psychology of Management Learn and apply the discipline of social psychology to more effectively manage yourself and others by developing a better understanding of the nature and dynamics of interpersonal behavior related to organizational performance and effectiveness.
High-Performance Leadership Learn which attributes are most critical to creating a highperformance work environment that will drive financial results and at the same time accelerate sustainable, profitable growth.
Leading Organizational Change
Negotiation and Decision-Making Strategies Drawing on the latest research in the psychology of judgment, you will learn to improve your negotiation skills, influence, and decision-making process to increase the productivity of your organization and grow your career.
Strategy & Marketing The Advanced Strategy Program: Building and Implementing Growth Strategies Develop a strong strategic intuition with emphasis on both the formulation and implementation of strategy. Go beyond theory review and generate real, immediately useful ideas.
Executive Program in Corporate Strategy Crystallize the formulation and execution of a company’s strategy in today’s complex, competitive global environment. You’ll leave with an immediately applicable model for a corporate and competitive strategy.
Executive Program in Strategic Sales Management Learn how to direct your sales force using the latest analytical tools to improve your sales force productivity.
New Product Innovation, Development, and Implementation Strategies Learn how to create or modify your new product development process and position your firm for a strategic competitive advantage. This course provides comprehensive coverage of major topics in developing and implementing a market-driven approach to innovation.
Pricing: Strategy and Tactics Learn how to strategically manage pricing to defend or increase your profitability, even in highly competitive markets.
Strategic Marketing Management In today’s complex and ever-changing competitive world, the best organizations understand that marketing is at the core of all business. The program provides you with the business frameworks to bring a customer focus to your organization and create better marketing strategies. The electives listed are offered at our Chicago campus. Contact us for details about opportunities to attend the London campus for your elective coursework.
Learn powerful methods to revitalize your organization, gain cooperation, improve strategic thinking and creative problem solving, boost performance, and extract maximum benefit from new opportunities.
APPLY ONLINE TODAY
THE A D VAN CED MA N A GEM EN T P R O GRAM
11
“We had the chance to interface with the ‘icons’ of the University of Chicago— the award-winning professors who I wouldn’t otherwise have had access to.”
P articipant perspective
Lori Hardwick
Executive Vice President, Advisory Services Envestnet Asset Management
“I head up all the divisions that interface directly with our clients— the national sales, training and deployment, enterprise, and client services teams. I just kept going up the ladder with my career accomplishments. Without my MBA, I felt a little hesitant, but this program gave me the confidence I needed. “The faculty members really ask themselves, ‘How do we make this special for the executives? How do we make it different, useful, and valuable knowing that they have years of experience already under their belt? What’s the next step?’ “The professors were very engaged and gave us everything they had. They took time to boil down the relevant issues specific to the class. They would look at the roster and say, ‘OK, I see that I have ten marketing execs in here and I know that you’re going to get more out of this particular area, so I want to spend some extra time on that and answer your questions.’ ”
12
World-Class Faculty The caliber and reputation of Chicago Booth faculty are unmatched in business education. Our professors have revamped the science of the stock market, pioneered database marketing, and originated the study of modern finance, just to name a few. Chicago Booth faculty members offer a unique blend of academic excellence, scholarship, real-world relevance, and practical application.
Faculty Director Harry Davis Harry Davis is the Roger L. and Rachel M. Goetz Distinguished Service Professor of Creative Management. He teaches MBA and Executive Education courses at the University of Chicago Booth School of Business, where he has been on the faculty since 1963. His teaching and research interests focus in the areas of strategy, leadership, creativity, and innovation. Professor Davis is a recognized pioneer and innovator in business education. He has served as interim dean and deputy dean. During his tenure, he instituted many new programs and organizational changes, all of which were aimed at strengthening the learning environment for the students. Professor Davis is deeply committed to creating a transformative learning experience for executives in the Advanced Management Program.
Meet the Experts Professor Davis is joined by an interdisciplinary team of faculty and guest speakers. Representative speakers: Dan Adelman Professor of Operations Management Chicago Booth Marianne Bertrand Chris P. Dialynas Distinguished Service Professor of Economics Chicago Booth Ronald Burt Hobart W. Williams Professor of Sociology and Strategy Chicago Booth John Edwardson Former Chairman and CEO CDW
Austan D. Goolsbee Former Chairman of the Council of Economic Advisers for President Obama and Robert P. Gwinn Professor of Economics Chicago Booth Randall S. Kroszner Former member of the Federal Reserve Board and Norman R. Bobins Professor of Economics Chicago Booth Sunil Kumar Dean and George Pratt Shultz Professor of Operations Management Chicago Booth
P articipant perspective
Brad Johnston General Manager Teck Coal
Steven D. Levitt Co-author of “Freakonomics” and William B. Ogden Distinguished Service Professor of Economics University of Chicago Raghuram G. Rajan Chief Economic Adviser to the Government of India and Distinguished Service Professor of Finance Chicago Booth Nancy Tennant Corporate Vice President for Innovation Whirlpool Corporation
Craig Wortmann Clinical Professor of Entrepreneurship Chicago Booth David Vitale Former President and CEO Chicago Board of Trade Luigi Zingales Robert C. McCormack Professor of Entrepreneurship and Finance and the David G. Booth Faculty Fellow Chicago Booth
“ Throughout the program, we met with some of the University’s most well-known thought leaders. In intimate settings, we were able to ask them about their work and their thoughts on current business issues. We had the incredibly unique opportunity to read a draft of a forthcoming book by one of the University’s leading economists. To have that kind of early access was both a rare privilege and a really amazing experience.”
13
Participant Profile The Advanced Management Program is designed for senior-level executives who have achieved rapid advancement in their careers and are looking for a personalized, flexible program. This program addresses their specific development goals and helps them lead their organizations more effectively. Most participants are in general management positions such as president, senior vice president, division president, general manager, managing director, general counsel, CEO, CFO, COO, or executive director. Participants have demonstrated strong leadership skills and play an integral role in setting strategy for their organization or business unit. They are senior-level decision makers sponsored by their organizations. Participants should be ready to engage in various approaches to learning and exposure to diverse frameworks and ideas. Proficiency in written and spoken English is required for successful participation in the program.
Companies Recently Represented by AMP Participants Alcatel-Lucent Aldridge Electric Ameren Corporation Armstrong World Industries BB&T Caterpillar Chick-fil-A CME Group
Lord Corporation The Manitowoc Company Navistar Nokia Siemens Novozymes Pfizer Prudential Respol
Delta Lloyd Group Exelon Corporation Ferrovial Agroman Gimv Halliburton Itaú Unibanco John Deere Kiewit
Takeda Unilever Union Pacific USG Vale Wal-Mart Stores Inc. W.W. Grainger, Inc.
Industries Represented Manufacturing......................................................21.97% Financial Services.................................................16.14% Construction, Engineering, and Transportation.......13.00% Energy and Utilities...............................................13.00% Healthcare and Pharmaceutical............................10.31% Other......................................................................8.98% Government............................................................4.04% Professional Services...............................................4.04% Information Technology...........................................3.14% Retail......................................................................2.69% Telecommunications...............................................2.69%
P articipant perspective
Russ Mitchell Senior Vice President, Europe, Africa, Middle East Armstrong Building Products
14
“In my core class, there is a real global flavor and diversity of people and their responsibilities. With a good topic discussion, you come away with as much from the dialogue and interaction among classmates as you do from the professors.”
Program Dates Introductory Core Session 1: October 10–14, 2016 Mid-Course Core Session 2: April 10–14, 2017 Final Core Session 3: October 23–27, 2017
Elective Courses Each executive selects three elective courses. Most electives are offered multiple times each year so executives can work with the program’s administration team to select the offerings that work best with their schedules. Participants can begin enrolling in electives at any time following admission into the program, including in advance of the Introductory Core Session. Contact us for elective dates.
Tuition and Fees USD $52,000 – The cost of the program includes tuition, books, instructional materials, continental breakfasts, and lunches. Accommodations are not included.
Program Cancellation Policy Any cancellation notification must be received in writing. To receive a full refund of tuition, written notice of cancellation must be received more than 30 days in advance of the program start date. Registrants canceling within 30 days of the program start date will be charged 25 percent of the program fee. No refunds will be given if withdrawal is made after the start of the program.
Program Certificate The University of Chicago Booth School of Business awards the Advanced Management Program certificate upon successful completion of the program.
Location and Accommodations The Setting Sessions are held at Chicago’s Gleacher Center, 450 North Cityfront Plaza Drive, on the north bank of the Chicago River in the heart of the downtown area known as “The Magnificent Mile.” Gleacher Center offers an ideal setting for academic programs with state-of-the-art classrooms and exceptional cuisine catered by Wolfgang Puck Catering.
Program Admissions For your convenience, both an online application and a mail-in application are available on our website at ChicagoBooth.edu/AMP. To apply for the program, candidates must submit: 1. A completed application, which can be accessed at the AMP website 2. A resume or brief biography 3. A letter of recommendation from a member of the sponsoring organization’s executive management, describing the applicant’s background and motivation for enrolling in the program, as well as why the applicant would benefit from attending Applications are accepted on a rolling basis and are reviewed immediately upon submission. During the review process, a member of the admissions committee may contact you or your executive sponsor to discuss your application. To ensure your place in the program and to receive advanced preparation materials in a timely manner, please submit your application at least five weeks in advance of the start of the Introductory Core Session. Late applications will be considered if space is available.
For More Information: Executive Education The University of Chicago Booth School of Business 450 North Cityfront Plaza Drive, Suite 514 Chicago, IL 60611-4316 Marissa Love Associate Director, Executive Education Phone 312.464.8732 Fax 312.464.8731
[email protected]
Hotel Accommodations Chicago Booth reserves a block of rooms at various hotels in close proximity to Gleacher Center. Participants must directly contact the appropriate hotel at least three weeks prior to each session’s start date.
APPLY ONLINE TODAY
THE A D VA N CED MA N AGEM EN T P R O GRAM
15
For more than 100 years, Chicago Booth has been a leader and innovator in business research and education. FIRST to offer a PhD in business
FIRST to create an executive MBA program in 1943 to provide senior managers and executives the most up-to-date management education and training
FIRST to establish permanent campuses on three continents: North America, Asia, and Europe
FIRST to have seven Nobel Prize-winning professors
FIRST to originate the study of modern finance, develop the concept of social capital, redefine the science of the stock market, and pioneer data-base marketing
Contact Us Phone: +1.312.464.8732 Email:
[email protected] The Advanced Management Program The University of Chicago Booth School of Business 450 North Cityfront Plaza Drive Chicago, Illinois 60611-4316
Register Today ChicagoBooth.edu/AMP
