In the last few months, the Occupy Wall Street movement has brought a lot of attention to the finance industry. However, MIT’s Sloan School of Management has been focused on this area for over 40 years. Our finance faculty have been conducting cutting-edge research, and rigorously teaching our students, ensuring that our finance students are prepared—both in theory and practice—to take on the types of leadership roles required in this area, particularly in light of the recent economic crisis.
The President of the United States, major news media, bloggers, bankers, stand-up comics, and people all around the world are shaking their heads and wondering what the Occupy Wall Street (OWS) protest is all about. Is it a display of leadership or anarchy, revolution or Sunday in the park? And the answer is, we just don’t know yet. This is a new form of drama that is just beginning to play itself out.
Many pundits argue that this is a leaderless protest. But this view of leadership is stuck in the old model of the single heroic leader in command and control mode. What we are witnessing is a different leadership model-distributed leadership. Here multiple leaders take on various leadership activities in an attempt to move toward the collective good. Read More »