From The Huffington Post
A few years ago, we here at MIT Sloan School of Management looked in to launching an MBA track to complement the existing tracks in Finance and Entrepreneurship. We contacted alumni and business professionals to determine what types of skills companies most desired in our MBA graduates. We wanted to find out what the companies’ needs were and where they saw gaps. What we found is perhaps the paradox of today’s global business world: even as markets have become increasingly interconnected and technology enables employees spread all over the globe to easily share knowledge and resources, it’s still hard for large organizations to achieve true interconnectedness that get things done.
The reason is simple. Employees have a natural tendency to be self-contained within their particular business units. Marketing folks mostly talk to other marketing folks; operations people consult other operations people; and the finance team pretty much sticks to itself. This is not necessarily a new problem. Silos comprised of workers with no real connection to each other or even to the outside world is a challenge that many companies face. According to a 2006 survey by McKinsey, the consulting group, only 25 percent of senior executives described their organizations as effective at sharing knowledge across boundaries, yet nearly 80 percent acknowledged that such coordination is critical to growth.
To address the issue, MIT Sloan piloted a new MBA track, Enterprise Management (EM), last fall. This September we welcomed our second batch of EM students. The track is designed for students who are interested in working with or for large organizations in both the for-profit and not-for-profit sectors. The goal is to graduate students who take a holistic and integrative approach to solving business problems and who think creatively about how to work together across functions and units.
Read the full post at The Huffington Post.
Sharmila C. Chatterjee is a Senior Lecturer in Marketing and the Academic Head for the Enterprise Management Track at the MIT Sloan School of Management.