| Dates | Location | Tuition |
|---|---|---|
| TBD | TBD | TBD |
In today's fast paced and highly competitive environment, managers who are closer to the genba (front lines) now have a greater span of influence within the organization playing a critical role as the driving force for corporate innovation and change, or more realistically, corporate survival. Pressures and demands are growing, both individually and organizationally, for these middle managers to broaden their management and strategic perspectives as well as sharpen their ability to respond quickly and flexibly to increasingly complex management challenges.
Against this backdrop, a unique collaboration has been formed between two eminent academic and corporate institutions on both sides of the Pacific to meet such demands, particularly of global corporations headquartered in the Pacific Rim, the world's growth center. Drawing on the complementary strengths and approaches, the Wharton School of University of Pennsylvania, the world's first collegiate business school, and the Hitachi Institute of Management Development (HiMD), Japan's first corporate management development institution, launched a joint, two-week management development program in 2005.
Titled as the Wharton-HiMD Executive Management Program (WH-EMP), the program provides future global leaders an excellent ground for practical training and life-long networking. The diversity of participants representing a variety of industries, functions, and cultures will create an invaluable opportunity for taryujiai (testing and enhancing one's skills by crossing swords with people from other fencing schools, i.e., companies) for managers who need to develop their professional and interpersonal instincts and skills to lead as effective general managers in cross-functional and multicultural settings.
- Two-week management development program held in Tokyo
- Jointly developed and offered by Wharton School of the University of Pennsylvania and Hitachi Institute of Management Development
- Attracting high-potential middle managers from global corporations headquartered in the Pacific Rim
- Ensuring diversity among participants in terms of industry, function, and culture to maximize interactive learning and networking opportunities
For more information or to apply, please visit HiMD's website or contact Yumi Wakayama, Director of Asian Executive Programs, Wharton School of the University of Pennsylvania, at +81.424.80.1664 or wakayama@wharton.upenn.edu.
Approach
The program takes an interactive and multidimensional approach including faculty-led lectures and discussions, group-based exercises and presentations, a PC-based simulation, and a field study.
Key Modules
The program consists of the following three modules:
Module I
- Sessions designed for acquiring management knowledge, skills, and perspectives
Module II
Sessions designed to integrate, apply, and internalize the learning from Module I
- Reflection of one's daily learning and sharing/discussion of implications of such learning in groups
- Development, commitment, and presentation of an individual 100-day Action Plan based on daily individual/group reflections
- Experience managing a company as a member of the board in a virtual competitive environment through a PC-based simulation
Module III
- Activities designed for building an effective learning community as well as promoting active communication and exchange among diverse participants
Wharton/HIMD Program Session Topics
Below is an illustrative list of topics to be covered in the program:
Leadership and Organization
- Motivating and managing individuals and teams for high performance
- Managing transcultural teams and organizations
- Understanding different approaches and models of leadership and your leadership profile
- Using emotional intelligence in workplace for effective leadership
- Understanding and overcoming work-life balance issues
- Understanding core organizational concepts (culture, values, and norms) to build adaptive organizations
- Leading and managing organizational change
Marketing Management
- Understanding key marketing frameworks and the concept of being market-driven
- Market segmentation and positioning to maximize life time value of the customer
- Understanding and leveraging brand equity (case: Intel)
- Pricing strategies for capturing value
- New-product development and product lifecycle strategies
- Issues in allocating marketing resources
Strategic Thinking and Management
- Understanding frameworks and tools for formulating strategy (e.g., competitive analysis, competency assessment, value propositions)
- Leading and managing effective strategy execution (case: GE)
- Understanding keys to successful acquisitions and strategic alliances
- Understanding key success factors in service-driven strategies (case: Four Seasons)
- Designing and managing high-performance organizations
- Leading and managing strategic change initiatives
Accounting and Financial Management*
- Understanding key accounting and finance terms and concepts
- Understanding how to read and analyze financial statements
- Using valuation tools and techniques for making investment decisions
- Understanding how capital structure and financial policy influence corporate value
* Basic knowledge and skills required for the PC-based simulation will be covered.
Management Simulation
The program will use HIMAX, a PC-based simulation developed by HiMD. With a proven track record as an effective experiential learning tool, this simulation has been widely used in management development programs within the Hitachi Group as well as by other corporations.
Working in teams, participants will act as members of the board of a manufacturing company in its formative years. Each team will develop corporate strategy and make resource allocation decisions over seven half-year terms. Teams will compete for financial performance as well as sustainability of profit as a going concern.
About HiMD
The Hitachi Institute of Management Development (HiMD) was established in 1961 in commemoration of the 50th anniversary of Hitachi, Ltd's foundation. Since then, HiMD has been highly regarded in Japan as the first management school operated by a private company aimed at fostering managers of the next generation. In 1973, HiMD became an independent institution jointly supported by Hitachi Group companies. The purpose of this change was to reinforce HiMD's role as facilitator of "knowledge sharing" and "information exchange." HiMD now provides services not only to Hitachi Group companies but also to many external companies.
The program is designed for high-potential middle managers (from headquarters as well as overseas operations) who are being considered for senior management positions. With more than 10 years of business experience in one or more functional areas and a preferred minimum of three years of managerial positions, the participants are expected to already play a key and active role in the global business arena.
Participants must be sufficiently proficient in the English language as all classes, discussions, and text materials will be in English. For participants whose native language is not English, HiMD’s language institute facilitates the transition to an intensive, all-English environment with an English immersion course, which incorporates reading materials from the program.
The Wharton-HiMD Executive Management Program (WH-EMP) will provide future global leaders an excellent ground for practical training and life-long networking. The diversity of participants representing a variety of industries, functions, and cultures will create an invaluable opportunity for taryujiai (testing and enhancing one's skills by crossing swords with people from other fencing schools, i.e., companies) for managers who need to develop their professional and interpersonal instincts and skills to lead as effective general managers in cross-functional and multicultural settings.
SHERMAN ABE
Graduate School of International Corporate Strategy (ICS), Hitotsubashi University
Professor Abe joined the Hitotsubashi University in 2000 as a founding faculty member of the ICS, the first full-time international MBA program offered by a Japanese national university. His academic specialties are corporate finance and equity investments, with topical interest in corporate restructuring, M&A, and private equity in both Japan and non-Japan Asia.
He has more than 25 years of experience in international business. He was formerly a Director of Investment Banking with CS First Boston with assignments in New York, London, and Tokyo. He has also worked for Merrill Lynch Tokyo as a securities broker and as a partner in the San Francisco office of Korn/Ferry International.
Professor Abe received his BA from Harvard College and an MBA in finance and international business from Stanford Graduate School of Business.
TAKAHIRO FUJIMOTO, PhD
Executive Director, Manufacturing Management Research Center (MMRC)
University of Tokyo
Dr. Fujimoto specializes in technology and operations management as well as business administration. He is the author of numerous publications focusing on automobile manufacturing and business management, including Competing to Be Really, REALLY Good.
He received his BA from the University of Tokyo and a PhD from Harvard Business School, where he later served as a visiting professor and senior research associate. He has also served as a visiting professor at Lyon University and a visiting researcher at INSEAD.
DANA KAMINSTEIN, PhD
The Wharton School
At the Wharton School, most of his time is currently spent toward designing and teaching Executive Education programs for both open-enrollment and customized programs, including leadership development programs for companies such as Aviva, Scottish Power, and Textron.
Dr. Kaminstein received his MA in counseling psychology from Goddard College and a PhD in social psychology from the University of Pennsylvania.
JOSEPH RYAN, PhD
Adjunct Professor of Management,
The Wharton School
Dr. Ryan has held management positions in strategic planning, business development, and organization development with GE, GTE, and ARAMARK. He has also worked as a consultant in the Kepner Tregoe Strategy Group and at the Wharton Center for Applied Research.
He holds an MBA and a PhD from the University of Pennsylvania and attended the GE Crotonville executive education program.
"In short, my experience of the program was 'learning with the best and from the best.' While faculty had outstanding track records in teaching, research, and consulting in the areas of their expertise, participants were highly knowledgeable, contributing great ideas with potential for real-life application."
— General Manager, Singapore
"It was a very timely learning opportunity for me as I was beginning to face a whole variety of management issues. I was particularly impressed by the quality and enthusiasm of faculty who kept me fully engaged despite long session hours. My learning will continue after the program with the initial task of refining and implementing my 100-day action plan."
— R&D Manager, Japan
"The HIMAX Simulation was truly stimulating and great fun. Not only was it useful to learn how to operate and manage a business in an almost real-life setting, it has provided me with a hands-on experience of managing a diversified team with often conflicting views, a skill crucial in the global business environment."
— HRD Manager, China
"The program was extremely valuable to both my personal and professional growth. The concepts and guiding principles learned during the program have changed the way I approach my day-to-day and long-term business activities. Also, it was truly a multicultural experience, enabling me to establish friendships and global business relationships with like-minded professionals."
— Management Consultant, USA