BizEd

SeptOct2009

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Tomorrow's development. To be successful in the future, tomorrow's leaders will need a deep vein of creativity, a sensitivity to cultural context, a com- mitment to sustainability, and a social conscience. That's on top of a more familiar set of non-negotiables—flexibility, adaptability, problem- solving skills, a multidisciplinary outlook, and a global mindset. To turn out graduates with these abilities and attributes, more busi- T ness schools are setting up executive-in-residence programs. Retired and senior executives can bring the immediacy of the workplace right into the class- room and position students to dive headfirst into the chang- ing corporate environment. Because they have ties to both academia and business, these experienced executives understand what binds the two realms together—and what the business world desires most from the educational world. We interviewed five executives-in-residence and asked them to share In the future, top executives will need a new set of skills to keep their businesses operating. But are business schools teaching them what they need to know? their perspectives and insights on tomorrow's business landscape. It will look very different from today's, they told us, because it will be shaped by economic crisis, technological advances, climate change, globalization, and other critical factors. The era of the specialist is over, these executives claim. The leader of the future is an integrative thinker who can meet any challenge. And plenty of challenges await. 28 BizEd SEPTEMBER/OCTOBER 2009 Leaders he next generation of CEOs will have a whole different profile than the current one. Gone are the days when a top executive needed only thorough expertise in his particular field and a basic grasp of marketing, finance, and product

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