WHAT’S POSSIBLE?
THE EXECUTIVE PROGRAM STRATEGIC LEADERSHIP AT THE TOP 7–26 JUNE 2015 Executive Education
WHAT’S POSSIBLE?
THINK STRATEGICALLY
Articulate the mission and vision. Ask expansive questions. Think critically and creatively and help others to do so. Develop a coherent strategy. Take a global perspective.
LEAD STRATEGICALLY
Manage the tension between short- and long-term results. Turn vision into reality. Invite, include and inspire. Be your best self every day.
INFLUENCE STRATEGICALLY Nurture a high-performance culture. Embrace transformational change.
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DARDEN EXECUTIVE EDUCATION
The Executive Program: Strategic Leadership at the Top, known as TEP, is the University of Virginia Darden School of Business’ three-week, flagship advanced management Executive Education experience for senior-level executives with 12 or more years’ experience in significant management roles. Participants typically come from across the globe, more than a dozen industries and diverse functional areas. Now in its 55th year, The Executive Program has enhanced the strategic leadership of nearly 4,000 executives. Darden is recognized as the world’s best education experience, and this program transforms proven leaders into visionary leaders. We invite you to explore the:
WORLD’S BEST EXPERIENCE
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WORLD’S BEST CURRICULUM 18 WORLD’S BEST FACULTY 26
www.darden.virginia.edu/exed/tep
THE EXECUTIVE PROGRAM: STRATEGIC LEADERSHIP AT THE TOP
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“We at Darden believe that how you learn is as important as what you learn.” — S. Venkataraman (“Venkat”) is the faculty leader of The Executive Program: Strategic Leadership at the Top, MasterCard Professor of Business Administration and Senior Associate Dean for Faculty and Research.
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DARDEN EXECUTIVE EDUCATION
“
“The Executive Program is an intense learning experience built on the Jeffersonian learning ideal of a community of learners in which students and faculty come together in a common pursuit of knowledge. Ideas are tested through open dialogue, capitalizing on the diverse perspectives of the faculty and participants. The deeply integrated curriculum attends to both physical and mental well-being. Because problems and opportunities at the top cross functional boundaries, we design and deliver The Executive Program experience in faculty teams, breaking down our own silos to help you break down yours. Our classes build on and complement each other — leading to a cumulative learning experience that is the world’s best. We deliver the core — business acumen, leadership, innovation and growth, with a global perspective — and go beyond the core. A set of enrichment activities and sessions punctuate your three weeks in the program.
We believe that how you learn is as important as what you learn. In The Executive Program, we create a learning environment that is rich, intense, memorable, impactful and potentially transformational. That is our value proposition to you. A world-class learning experience.”
www.darden.virginia.edu/exed/tep
THE EXECUTIVE PROGRAM: STRATEGIC LEADERSHIP AT THE TOP
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WORLD’S BEST EXPERIENCE
A TRANSFORMATIONAL LEARNING EXPERIENCE Effective, strategic leadership at the top requires thinking strategically, leading strategically and influencing strategically. The Executive Program offers senior leaders a powerful, three-week, holistic experience, through which you will gain new knowledge and skills, fine-tune your strengths and challenge your way of thinking as you lead your organization in today’s complex, global world.
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TOP
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AIMS ACHIEVED
Personal and professional expectations met Financial Times, 2005–13
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WORLD’S BEST EXPERIENCE
Distinguishing Features of The Executive Program: Strategic Leadership at the Top Darden’s Powerful Learning Environment Named the world’s best “education experience” (The Economist, 2011–12), Darden combines the case-study method with experiential learning to immerse you in the challenges senior executives face every day in the business world.
Solve Real-World Challenges. At Darden, we believe the best training for a business leader is to put you in a decision-making role. Using case studies and simulations, we put you in the shoes of current and past executives at companies, who have to make difficult decisions with limited information. Instead of listening to lectures, you will analyze real-life business situations and will become a better leader by asking the right questions, thinking strategically and offering solutions.
Learn With a Team.
During the program, you will be part of a learning team — a small group of experienced senior executives with unique perspectives — with which you will prepare for, and then review, the day’s learning activities. Working with a diverse group of your peers will hone your ability to reconcile differing viewpoints, make decisions amid ambiguity, and challenge, persuade and inspire others.
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DARDEN EXECUTIVE EDUCATION
Darden’s Four-Step Learning Process Darden’s experiential learning approach is based on a four-step learning process, which allows for complete understanding, integration and application of the materials. 1. Prepare each assignment on your own. 2. Share your thinking, reflections and ideas with your learning team, the group of five or six senior executives with whom you will study. 3. Engage in a lively discussion in class with the full complement of participants, guided by one or more professors. Learn how other learning teams approached the assignment and how they handled the challenges in that day’s learning activities. 4. Reflect on how your own capabilities are changing as a result of the learning experiences and interactions you are having with your learning team, class and professors. Consider how you can apply these concepts, creating real-time value for you and your organization. www.darden.virginia.edu/exed/tep
THE EXECUTIVE PROGRAM: STRATEGIC LEADERSHIP AT THE TOP
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WORLD’S BEST EXPERIENCE
Enrichment Experiences: Based on Your Interests The program also offers a variety of flexible enrichment experiences, which are designed to build on concepts covered in
from a relationship-building canoe trip on
Real-Time Value Creation Through the “Back-Home Challenge”
the James River to excursions to explore
“Payback” to your organization starts
the origins of government in the United
during the program. Through the “Back-
States at Monticello, the home of U.S.
Home Challenge,” you will identify a
President Thomas Jefferson, founder of
leadership or strategic management
the University of Virginia; Montpelier, the
challenge you face in your current
home of James Madison; or Ash Lawn,
position. You will work with your
the home of James Monroe. Workshops
classmates and professors to frame
may include topics such as dealing
the problem, explore ideas and prepare
with boards, design thinking, financial
for back-home execution. You will return
management, entrepreneurial thinking
to your organization with fresh ideas,
and action, and government
information and approaches that you can
and politics.
deploy immediately.
the formal curriculum. Offerings will be determined based on the interests of the participants and in the past have ranged
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Sleep. Exercise. Eat. Rejuvenate. The Wellness Program Wellness is an important part of the executive whole. Improve your physical, mental and psychological stamina — the foundation for productive, creative and sustainable peak performance — in a wellness program integrated throughout the curriculum. You will take a course on cognitive fitness and will receive a Wellsource® Personal Wellness Profile, a multi-page personalized report with an overall wellness score, health age, risk ratings and recommendations for health improvement. Throughout the program, take advantage of exercise options including walk/jog/run, yoga, Pilates, cardio, interval, strength, flexibility and 10-minute “spark workouts.” www.darden.virginia.edu/exed/tep
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WORLD’S BEST EXPERIENCE
Your Classmates: An Exceptional Mix of Global Professionals
Executives in The Executive Program: Strategic Leadership at the Top are selected for their outstanding leadership capabilities. As you share perspectives in the classroom, you will gain insights that will provide more breadth and depth to your own point of view. Participants represent a variety of industries, functional backgrounds and both public and private organizations. The diverse perspectives enliven discussions and enrich the experience of The Executive Program.
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Executives from many of the Fortune 100 firms have attended the program. Participants have represented nearly every major industry, across the corporate, nonprofit and governmental sectors. • • • • • • • • • • • • • •
Ballance Agri-Nutrients Christopher & Dana Reeve Foundation Credit Suisse Federal Reserve Bank Genworth Financial Guinness Nigeria Harris Corporation International Paper KBR Middle East Northrop Grumman Rollins/Orkin State Farm Walmart Japan and Walmart China U.S. Navy
INDUSTRIES REPRESENTED: Aerospace Banking/Finance Bio/Pharma Chemical Commercial Construction Consulting Consumer Services Defense Contracting Energy Information Technology Insurance Manufacturing Mining/Gold Nonprofit Oil and Gas Professional Services Retail Telecom/Cable U.S. Military
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WORLD’S BEST EXPERIENCE
GEOGRAPHIC DISTRIBUTION OF TEP ALUMNI
As a TEP graduate, you will earn alumni status and will benefit from Darden Alumni Services, which offers you the opportunity to: • Connect with Darden's alumni network of 14,000 professionals in 90 countries. • Gain free access to the Darden Business Publishing case collection. • Benefit from lifelong learning.
Join a Network That Lasts a Lifetime.
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At Darden, students, faculty, staff and alumni join in an atmosphere of collaboration and community not often found in top business schools. We foster a diverse, tight-knit community that broadens and elevates understanding. As a graduate of TEP, you will join our worldwide network of nearly 4,000 alumni of the program and 10,000 alumni of Darden’s MBA program in 90 countries, whose sense of commitment, camaraderie and connection is globally recognized.
www.darden.virginia.edu/exed/tep
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“AN OUTSTANDING EXECUTIVE EDUCATION EXPERIENCE LED BY EXCELLENT FACULTY. THE PROGRAM WAS VERY WELL-INTEGRATED AND OBVIOUSLY THE RESULT OF A GREAT DEAL OF THOUGHTFUL PREPARATION.” — CARL D’ALESSANDRO (TEP ’12), VICE PRESIDENT, BUSINESS DEVELOPMENT, HARRIS CORPORATION
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“THE CONTENTS ARE WELLORGANIZED AND SOPHISTICATED, AND YOU CAN SEE THE CONNECTIONS AND LINKAGES AMONG THE SUBJECTS. THE COURSE ALSO PROMOTES FRIENDSHIP AND NETWORKING.” — TOMINAGA TOMONOBU (TEP ’12), SENIOR VICE PRESIDENT, WALMART JAPAN/SEIYU
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WORLD’S BEST CURRICULUM
Darden’s innovative, integrated curriculum will enhance your ability to create value for your organization.
The curriculum is designed with an enterprise perspective, from the C-level point of view. You will enhance your understanding of how different disciplines within business interact. Professors from different areas often guide a single class conversation to reinforce how points of view between disciplines interact and even conflict. The curriculum is based on the three pillars of strategic leadership: thinking strategically, leading strategically and influencing strategically. 18 DARDEN EXECUTIVE EDUCATION
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COURSE DESIGN
Financial Times, 2004–13
Lead Your Organization From the Top. Think Strategically. • Contemplate and shape an organization’s future direction by examining the strategic landscape, envisioning different futures, questioning assumptions and mental models, and assessing capabilities. • Take an integrated, enterprise perspective. • Conduct conversations that inspire diversity of thought and inclusive dialogue. Ask powerful, and sometimes difficult, questions. • Identify connections, patterns and key issues. Find your organization’s Value Creation Zone.
Lead Strategically. • Manage the tension between short- and long-term results. • Integrate the perspectives of a manager and leader and turn vision into reality. • Invite, include and inspire the team, achieving a balance between autonomy and direction. • Become a better leader of leaders and develop a personal learning strategy to continue your personal growth.
Influence Strategically. • Lead change by creating effective leadership teams, building valuable relationships and continually engaging others. • Nurture a high-performance culture. • Navigate politics to influence transformational change. • Through learning and conversation, expand and broaden the views of your team so that it can envision, embrace and execute new opportunities. www.darden.virginia.edu/exed/tep
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WORLD’S BEST CURRICULUM
A FRESH LOOK AT VALUE CREATION FOR YOU AND YOUR ORGANIZATION 20
The companies that perform best in an industry are those that are able, in a tough and competitive environment, to find the Value Creation Zone, where opportunities and preparation intersect for sustained growth. Finding your company’s ideal position in the marketplace, where it competes effectively for existing value while developing new sources of value, requires strategic thinking. Leaders at the top must have global and strategic acumen and manage the growth of their organizations, as well as their personal growth. 21
WORLD’S BEST CURRICULUM
CORE PROGRAM CONTENT Most business challenges cross functional boundaries, and Darden’s integrated curriculum is designed to help you develop a global, enterprise perspective. Class conversations illustrate how viewpoints intersect and overlap. At Darden, we believe the best way to master one business discipline is to understand them all.
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GLOBAL ACUMEN • Using fiscal and monetary policy tools • Investing in emerging markets • Exploring the political economies of Brazil, Russia, India and China • Enduring the global financial crisis • Understanding the economic report of the U.S. President • Navigating the euro and euro zone • Developing strategies for sustainability
ORGANIZATIONAL GROWTH • Tapping into organic growth • Sustaining growth through systems, innovation and entrepreneurial thinking • Leveraging customer insights and supply chain to create new markets • Defining a value proposition and pricing for value • Unleashing business-to-business collaboration • Integrating business ethics into decision-making • Defining and delivering enterprise performance
STRATEGIC ACUMEN
GLOBAL, ENTERPRISE PERSPECTIVE AND VALUE CREATION
• Understanding strategy, purpose and execution • Enhancing strategic capabilities • Using strategy mapping as an alignment tool • Establishing corporate coherence and governance • Developing financial, capital budgeting and operational strategies • Branding for competitive advantage • Creating, managing and valuing real options
PERSONAL GROWTH • Leading, learning and change • Leading through engagement and choices • Leading transformational change • Managing personal and team energy • Influencing and persuading • Gaining cognitive fitness • Owning your future
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“THE GREATEST EDUCATIONAL EXPERIENCE IN MY ADULT LIFE.” — SOPHRONIA RILEY (TEP ’09), EXECUTIVE DEVELOPMENT DIRECTOR, U.S. ARMY
“I AM CONFIDENT NOT ONLY THAT I CAN APPLY NEW INSIGHTS THAT WILL BE VALUABLE TO MYSELF AND MY COMPANY, BUT I HAVE FOUND NEW AND MORE EFFECTIVE WAYS TO LEARN THAT I CAN APPLY FOR A LIFETIME.” — MICHAEL D. SIMMS (TEP ’13), SENIOR VICE PRESIDENT, SAIC
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“DARDEN’S TEP WAS WELL-DESIGNED AND INSTRUCTED BY EXTREMELY TALENTED PROFESSIONALS WHO NOT ONLY KNEW THE SUBJECT MATTER BUT HAD ALSO HELD SENIOR LEADERSHIP ROLES DURING THEIR BUSINESS CAREERS. INTERTWINING THEIR EXPERIENCE WITH THE EXPERIENCE OF THE EXECUTIVES IN THE PROGRAM SIGNIFICANTLY ENHANCED THE IMPACT OF THE LEARNING PROCESS AND OFTEN LED TO EYE-OPENING CONCLUSIONS, MANY OF WHICH I COULD IMMEDIATELY TRANSLATE INTO MY WORK.” — KEVIN CRUTCHFIELD (TEP ’94), CHAIR AND CHIEF EXECUTIVE OFFICER, ALPHA NATURAL RESOURCES 25
WORLD’S BEST FACULTY
DARDEN’S MASTER PROFESSORS ENGAGE, ENERGIZE, EMPOWER AND EXPAND HORIZONS “Darden is the only B-school in the United States to have a score in the top 20th percentile of Bloomberg Businessweek’s student satisfaction surveys over 24 years for exceptional teaching.” — CNNMoney/Fortune
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Teaching matters at Darden, and Darden professors are renowned for their engaging, empowering classroom discussions and their accessibility. CNNMoney/ Fortune wrote in 2012, “Darden is the only B-school in the United States to have a score in the top 20th percentile of Bloomberg Businessweek’s student satisfaction surveys over 24 years for exceptional teaching.” During case discussions, Darden’s faculty members capture your nuggets of wisdom on the chalkboards and challenge you to “tell us more.” Their master facilitation encourages you to learn from diverse perspectives and generate fresh ideas. TEP faculty team is committed to your personal and professional development, both during your time at Darden and throughout your career. The team spends months preparing the curriculum with the goal of creating a relevant and energizing experience for you. They know your time is valuable, and they will go the extra distance as your teacher, coach and mentor to ensure that you go back to work with new ideas, knowledge and skills.
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FACULTY
Financial Times, 2004–11
WHAT’S POSSIBLE? “Alec truly opened our minds to what’s possible and engaged us to think and imagine.” — Michael Oh-Lau, Head, Debt Markets, Maybank Investment Bank, Malaysia (TEP ’12)
Alexander B. Horniman, Killgallon Ohio Art Professor of Business Administration; Senior Fellow, Olsson Center for Applied Ethics 27
WORLD’S BEST FACULTY
The Faculty Team The Darden School’s mission is to develop responsible leaders with an enterprise perspective who lead, act and communicate with an understanding of how all areas of an enterprise interrelate. Darden’s faculty has a deep history of connecting to and understanding the participants, drawing out their underlying motivations, concerns, wishes, dreams and desires. The faculty uses these insights to help professionals grow personally and professionally. To develop this broad perspective, The Executive Program’s faculty team prepares an integrated curriculum, and class conversations are often guided by more than one professor. For example, a conversation on doing business in China leads to a case study on the Haier Group, a world leader in home appliances founded in Qingdao. Three professors steer the discussion: Marian Moore from the perspective of marketing, Venkat on strategy and Alec Horniman on leadership and organizational behavior. The exchange reveals the complexity of business and the importance of understanding a business situation from multiple points of view.
S. VENKATARAMAN — STRATEGY
Faculty Leader An internationally renowned scholar and educator in the field of entrepreneurship, Venkataraman teaches courses in strategy, entrepreneurship and ethics. He began his career as co-founder of a successful Indian technology spinoff. He consults with Fortune 500 firms and advises companies, universities and governments on strategy.
ALAN R. BECKENSTEIN — THE GLOBAL ECONOMY Head of Darden’s Global Economies and Markets area, Beckenstein teaches executives about open-economy macroeconomics, policy tools and the politics associated with them, emerging markets and global investing. His courses look at the past, present and the future. He has been the leader of significant learning activities in the public and private sector in New Zealand for 20 years.
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JOLENE H. BODILY — WELLNESS Bodily’s “Sleep. Eat. Exercise. Rejuvenate.” framework helps executives enhance physical and mental energy, focus and stamina. Executive capacity, endurance and health are increased through coaching and practice tools designed for real life. A registered dietitian with a Master of Public Health, Bodily develops and delivers health, fitness and nutrition programs to private and corporate clients.
ROBERT F. CONROY — FINANCE Conroy’s classes on corporate finance, valuation in financial markets, and derivative securities prepare executives to navigate a global economy. Conroy serves as chair of the full-time format of the Darden MBA. He has published numerous articles and cases on capital markets, and his research focuses on the Japanese financial markets. He has held a CFA charter since 1996.
ALEXANDER B. HORNIMAN — BEHAVIORAL PSYCHOLOGY AND LEADERSHIP Horniman’s “Leading, Learning and Change” framework has inspired thousands of leaders to think differently about how they lead and influence others. His classes aim to heighten your self-awareness and help you better understand your strengths as an influencer and a leader. Horniman served in the U.S. Army and as a special consultant to U.S. Secretary of Defense Robert McNamara.
ROBERT D. LANDEL — SYSTEMS Landel brings realism to the “Four Ps” framework — Purpose, People, Processes, Performance — and provides an integrated, systems-thinking approach to business. He teaches courses in innovation and operations strategy, systems thinking and operational effectiveness. Landel consults with companies to develop high-performance work systems and coaches mid- and top-level executives in operations.
MARIAN CHAPMAN MOORE — MARKETING STRATEGY Moore emphasizes marketing as a system to design, deliver and sustain the customer value proposition. Moore designed the MBA for Executives format of the Darden MBA and has conducted pioneering research on consumers’ emotional responses to advertising and marketing managers’ strategic decision-making processes. She consults with major law firms, providing expert testimony on several marketing-related issues, such as brand infringement and dilution. www.darden.virginia.edu/exed/tep
THE EXECUTIVE PROGRAM: STRATEGIC LEADERSHIP AT THE TOP 29
Accommodations The Darden School of Business is located
equipped exercise room, a recreation
on the North Grounds of the University
area and a casual gathering spot for
of Virginia. Darden is a fully integrated,
evening conversations. The 180 private
executive-level facility with classrooms,
rooms of the Inn at Darden are designed
learning team rooms, lodging, dining and
for executive comfort.
fitness facilities, all within a short walk to one another.
Abbott Center Dining Room Meals are served in the Abbott Center
Inn at Darden
Dining Room, an elegant executive dining
During The Executive Program, you will
room offering a wide-ranging menu of
stay on Grounds at the Inn at Darden.
local and organic cuisine prepared by
Consistently ranked among the world’s
professionally trained chefs. Darden
best for food and accommodations by
recently built a greenhouse in partnership
Financial Times, Darden’s facilities
with Appalachia Star Farm, and more than
include individual accommodations,
45 percent of produce served is locally
rooms for discussion groups, a fully
sourced in season.
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Exercise Facilities In addition to the exercise facilities at the Inn at Darden, the newly renovated University of Virginia North Grounds Recreation Center — immediately adjacent to the Inn — features a modern, multi-purpose sports center with an indoor swimming pool, squash courts, exercise rooms, basketball courts, cardiovascular and strength training machines, a whirlpool, a sauna, day lockers and towel service. The center opens early and closes late seven days a week. Outdoor running trails surround the Darden Grounds.
A longtime tradition of the program is a 30-minute reception at the end of the day at which faculty members and participants gather to reflect on the day. Dinner is then served family-style in the dining room and features an innovative menu based on local ingredients. www.darden.virginia.edu/exed/tep
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One of the Nation’s Best Public Universities The University of Virginia, founded in 1819 by Thomas Jefferson — third president of the United States and author of the Declaration of Independence — is consistently in the top two of U.S. public universities (U.S. News & World Report, 2014), a UNESCO World Heritage site and one of National Geographic’s 2012 “Top 10 Wonders of the World.” Participants will tour the historic Grounds and Jefferson’s home, Monticello.
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You will enjoy the natural beauty and historical and cultural attractions of Charlottesville, Virginia. A charming small town with the amenities of a large city, Charlottesville consistently earns high marks as a great place to live, work and study.
www.darden.virginia.edu/exed/tep
THE EXECUTIVE PROGRAM: STRATEGIC LEADERSHIP AT THE TOP 33
Connect With Us The Executive Program: Strategic Leadership at the Top Admission by application only.
Who Should Apply?
Senior-level executives with 12 or more years’ experience in significant management roles.
Certificate
Graduates receive a Certificate of Management.
Tuition and Fees
$29,500 covers materials, meals and accommodations at the Inn at Darden.
HOW TO APPLY 1. Contact Us
Please contact one of the directors of Darden’s programs to have a one-on-one conversation about your goals and potential fit with the program. Katie Wiesel, Director of Custom Programs wieselk@darden.virginia.edu +1-610-574-9323 Rebecca Yancey, Associate Director of Open Enrollment yanceyr@darden.virginia.edu +1-434-243-5174
2. Complete an Application
The application is available online at www.darden.virginia.edu/exed/tep. It will take 15-20 minutes to complete the application.
3. Attend a TEP Webinar
Darden faculty will host several webinars in the months leading up to TEP to introduce themselves and the curriculum and to answer your questions. Check the TEP webpage for details: www.darden.virginia.edu/exed/tep.
4. Inform Your Organization
TEP is a three-week investment that will provide immediate results for you and your organization. This immersive program takes place on the Darden Grounds. Each day, including weekends, is programmed with learning activities.
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Darden Executive Education University of Virginia Darden School of Business 100 Darden Boulevard Charlottesville, Virginia 22903 USA www.darden.virginia.edu/exed/tep +1-434-924-3000 tep@darden.virginia.edu
Š2013 University of Virginia Darden School Foundation
“YOU’RE LIVING YOUR LIFE AND PLOTTING YOUR WORK IN A CERTAIN WAY, AND THEN YOU SPEND A MONTH AT DARDEN’S TEP AND REALIZE, ‘I DON’T HAVE TO DO IT THIS WAY.’ EVERY DAY I’VE COME TO RECALL A THOUGHT OR PRACTICE THAT WAS DEVELOPED DURING THE PROGRAM AND PROBABLY WILL EVERY DAY FOR THE REST OF MY LIFE.” — PETER T. WILDEROTTER (TEP ’12), PRESIDENT AND CEO, CHRISTOPHER & DANA REEVE FOUNDATION
Darden Executive Education University of Virginia Darden School of Business 100 Darden Boulevard Charlottesville, Virginia 22903 USA www.darden.virginia.edu/exed/tep +1-434-924-3000 tep@darden.virginia.edu